Switzerland Industrial Automation Market Size By Component (Hardware (Sensors, Programmable Logic Controller (PLC), Human Machine Interface (HMI), Servo, Robots, and Others), and Software), By Industry (Discrete Industry (Automotive, Electronics, Heavy Manufacturing, Packaging, and Others), Process Industry (Oil & Gas, Chemicals, Pulp & Paper, Healthcare, and Others)), By Regional Analysis And For

Switzerland Industrial Automation Market Size And Forecast

According to Market Research, the Switzerland Industrial Automation Market was valued at USD 4.37 Billion in 2018 and is projected to reach USD 8.19 Billion by 2026, growing at a CAGR of 8.57% from 2019 to 2026.

The Switzerland Industrial Automation Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market is outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Switzerland Industrial Automation Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.

What is Industrial Automation?

Industrial automation comprises of a set of technologies and automatic control devices used for handling different processes and machineries in an industry to replace a human being. It involves the control of technological systems such as robots and computers for enhancing the productivity and quality of products and simultaneously decrease the production cost. Further, industrial automation reduces the human intervention in the industry and ensures a superior performance when compared to humans. Also, there is a significant reduction in errors and waste owing to the adoption of industrial automation in various industries.

Automation is a broad term used for defining any mechanism that moves by itself or is self-dictated. When compared to manual systems, automation systems offer superior performance in terms of precision, power, and speed of operation. In industrial automation control, an extensive number of process variables such as temperature, flow, pressure, distance, and liquid levels can be detected simultaneously. Complex microprocessor systems or PC-based data processing controllers are used for acquiring, processing, and controlling all these variables. Depending on the operations involved, the industrial automation systems are usually categorized into four types, namely, fixed automation system, programmable automation system, flexible automation system, and integrated automation system.

Switzerland Industrial Automation Market Overview

Switzerland is known as the Silicon Valley of Robotics as their contribution has been considered to a peak. Machine construction, microtechnology, optics, and watchmaking are long traditions and strengths of Switzerland that has been contributing to this standing. The potential for automation in the manufacturing sector is relatively high and it will be possible to automate many of the current jobs in the future. In recent years, factory and production sites have changed dramatically owing to the adoption of industrial robots.

Moreover, there are Swiss players in the sector that are among the leading suppliers of automation and digital production equipment worldwide. ABB is one such example that has developed an industrial robot named Yumi. It is a two-armed assembly robot that enabled human-robot collaboration in a normal production environment. Therefore, it can be concluded that surging in the adoption of industrial robots in manufacturing can boost the demand for industrial automation in Switzerland.

In today’s market environment, cost management has been an important part of a company’s strategy to stay ahead of competitors. Companies are enhancing their existing processes to achieve maximum efficiency by adopting automation solutions provided by vendors. Most of the facilities still run on outdated automation systems; there is a need for replacing the old automation systems with new advanced ones, thereby creating a need for industrial automation during the forecast period. Also, automation solutions provide better control and visibility of the entire production plant, which also encourages manufacturing companies to adopt these solutions.

The emergence of advanced digital industrial technologies has dramatically transformed the industrial scenario. The fourth industrial revolution, also known as Industry 4.0 has transformed the digital supply chain across the industry. With the emergence of industry 4.0, manufacturing industries are witnessing enhanced productivity, flexibility, and efficiency in industrial processes at astonishingly reduced operational costs. A surge in the adoption of modern digital technologies backed by the Industry 4.0 revolution is likely to act as a potential for market growth during the forecast period.

Although the industrial automation solutions are extremely cost-effective, the initial capital investment involved is high. This is one of the major factors impeding the growth of the market. An automation solution requires a significantly large investment, not only for installation, but also for regular upgrades, and integration, and support. Therefore, it can be concluded that the high cost of the initial capital investment might act as a potential restraint for the market growth during the forecast period.

Switzerland Industrial Automation Market, Segment Analysis

The Switzerland Industrial Automation Market is segmented on the basis of Component and Industry.

Switzerland Industrial Automation Market, by Component

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On the basis of Component, the Switzerland Industrial Automation Market has been segmented into Hardware (Sensors, Programmable Logic Controller (PLC), Human Machine Interface (HMI), Servo, Robots, and Others), and Software. Hardware accounted for the largest market share in 2019. The hardware component plays a vital role in the Industrial automation systems owing to the integration of control systems such as robots, computers in the industrial workplace. The automation in the industrial sector provides the advantage of improving productivity and quality with the implementation of different information technologies. The implication of these technologies is used for handling different processes and types of machinery in the industry to substitute human beings.

Switzerland Industrial Automation Market, by Industry

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By Industry, the market is classified into Discrete Industry (Automotive, Electronics, Heavy Manufacturing, Packaging, and Others), Process Industry (Oil & Gas, Chemicals, Pulp & Paper, Healthcare, and Others). Discrete Industry accounted for the largest market share in 2019. This industry emphasizes on the high-quality engineered components or sub-assemblies into valuable final product configuration. The discrete industrial automation industry is experiencing significant growth owing to the increasing demand for manufacturing and rising demand for custom configured products.

Switzerland Industrial Automation Market, Competitive Landscape

The Switzerland Industrial Automation Market is highly fragmented with the presence of a large number of major companies including ABB Group, Siemens AG, Schneider Electric SE, Rockwell Automation, Inc., Emerson Electric Co., Mitsubishi Electric Corporation, Robert Bosch GmbH, OMRON Corporation, and FANUC Corporation.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Switzerland Industrial Automation Market Share Insights

Key Developments by Major Key Players in the market are as given below.

Switzerland Industrial Automation Market Report Scope

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.• Provision of market value (USD Billion) data for each segment and sub-segment.• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market.• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region.• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled.• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions.• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis.• Provides insight into the market through Value Chain.• Market dynamics scenario, along with growth opportunities of the market in the years to come.• 6-month post-sales analyst support.

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