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 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
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
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.
Think of the Switzerland Industrial Automation Market report as giving you the big picture of the market's future. It breaks things down into sections and looks at the key trends and things influencing what's happening. We're talking about the market's "engine" – the things that are pushing it forward (drivers) and holding it back (restraints). We also look at the chances for growth (opportunities) and the potential bumps in the road (challenges). Drivers and restraints? Those are internal to the market itself. Opportunities and challenges? Those come from the outside. Ultimately, this study gives you a sense of how the market is likely to grow, measured in revenue, over the next few years.
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.
So, what's automation? Basically, it's anything that can move or work on its own. Think of it as the opposite of doing things by hand. Automation systems usually crush it compared to manual processes because they're more precise, powerful, and way faster. In factories, for example, they can keep an eye on tons of stuff at once, like temperature, flow, pressure, even how far away something is, or the level of liquid in a tank. Microprocessors or computers manage all that data to keep everything running smoothly. Depending on what the system needs to do, you'll often see them broken down into four main typesfixed, programmable, flexible, and integrated.
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.
The Switzerland Industrial Automation Market is segmented on the basis of Component and Industry.
Switzerland Industrial Automation Market, by Component
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The Switzerland Industrial Automation Market? It's basically broken down by what makes it tickComponent! And that means we're talking Hardware (think Sensors, Programmable Logic Controller (PLC), Human Machine Interface (HMI), Servo, Robots, and more!) and Software. Now, back in 2019, it was the hardware that really dominated the market. Makes sense, right? All those robots and computers are key to automating things. It's all about boosting how much you can produce and making it better quality by using cool info tech. By adding these techs, they deal with processes and types of machinery to replace workers.
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.
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.
Key Developments by Major Key Players in the market are as given below.
Company Name
Key Development
Description
ABB Group
Product Launch
The company launched ABB Ability Liquid Routing Library to support process automation and digitalization in the food and beverage industry and other liquid related industries, such as – tank farms, pharmaceuticals and chemical resin plants
It was developed using the ABB Ability System 800xA, Distributed Control System (DCS) automation platform to perform routing and cleaning in place (CIP) functionalities needed for liquid-led production
Emerson Electric Co.
Acquisition
The company completed the acquisition of the Machine Automation Solutions of General Electric’sformer Intelligent Platforms business
The business division offered programmable logic controller technologies in machine control and discrete applications, as well as for process and hybrid markets
Emerson Electric Co.
Acquisition
The company acquired Aventics, a global provider of smart pneumatics technologiesthat power machine and factory automation applications.
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.
Segments Covered
Switzerland Industrial Automation Market is segmented on the basis of Component and Industry.
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We take a close look at the market, using both numbers and deeper insights, breaking it down by different groups based on things like income and lifestyle. You'll get clear market value data in USD Billion for every segment and sub-segment. We'll point out which region and segment are likely to grow fastest and be the biggest. We also analyze each region, showing where the product/service is most used and what's influencing the market there. The report includes a competitive landscape, ranking the major players and highlighting their new offerings, collaborations, expansions, and acquisitions from the last five years. We have detailed company profiles, including overviews, insights, product comparisons, and SWOT analysis for the key companies. We cover both the current and future state of the industry, looking at recent happenings, growth potential, what's driving it, and the challenges and limitations in both new and established regions. We also provide an in-depth analysis of the market using Porter's five forces and give you a clear Value Chain view. Finally, we offer a picture of the market's dynamics, future growth opportunities, and 6-month post-sales analyst support.
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