Meticulous Research®—a leading global market research company, published a research report titled, ‘Europe Industrial Automation Market by Component (Plant-level Controls, Enterprise-level Controls, Plant Instrumentation), Mode of Automation (Semi, Fully Automatic), End User (Oil & Gas, Automotive, F&B, Others), and Geography - Forecast to 2030.’
According to this latest publication from Meticulous Research®, the Europe Industrial Automation Market is projected to reach $103.64 billion by 2030, at a CAGR of 8.5% from 2023 to 2030. The growth of this market is driven by the growing adoption of robots in the manufacturing sector, government initiatives to promote industrial automation, high labor costs in Europe, growing demand for safe and digitized production processes, and increasing investments in transforming conventional production facilities. The growing number of SMEs and rising demand for IIoT in the manufacturing sector are expected to offer significant growth opportunities for the stakeholders in the Europe industrial automation market. The high initial investment may restrain the market's growth. Furthermore, the limited availability of skilled labor and cyber risks associated with automated systems are expected to challenge Europe's industrial automation market's growth.
The Europe industrial automation market is segmented by component, mode of automation, and end user. The study also evaluates industry competitors and analyzes the country-level markets.
Based on component, the Europe industrial automation market is segmented into plant instrumentation, plant-level controls, and enterprise-level controls. In 2023, the enterprise-level controls segment is expected to account for the largest share of the Europe industrial automation market. The large market share of this segment is attributed to the high adoption of PLM, ERP, and MES solutions for streamlining the production & enterprise processes across the manufacturing & industrial sectors, the rising popularity of connected industrial automation solutions, and the growing demand to analyze productivity and efficiency in industries.
Also, the increasing focus of companies to launch industrial automation software to automate industrial production is contributing to the segment growth. For instance, in October 2020, Siemens AG (Germany) partnered with Log.Go.Motion (Germany) to introduce Siemens Moby.Check software solutions worldwide. This software solution creates, controls, and monitors individual digital inspection checklists for production and logistic processes.
However, the plant-level controls segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the increasing need to improve the productivity of manufacturing/industrial processes across the industries, the growing need to enhance supply chain operations, increasing implementations of SCADA to control and optimize industrial operations, and increasing deployments of HMI for displaying data, tracking production time & trends, and monitoring machine inputs & outputs.
Based on mode of automation, the Europe industrial automation market is segmented into semi-automatic systems and fully-automatic systems. In 2023, the semi-automatic systems segment is expected to account for the larger share of the Europe industrial automation market. The large market share of this segment is attributed to the growing demand for semi-automatic systems for companies that emphasize improving their manufacturing process but hesitate or cannot eliminate operator assistance and growing technological advancements to improve the efficiency of semi-automatic systems.
However, the fully-automatic systems segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the growing need to increase industrial production capabilities and increasing labor costs. The companies adopting fully automatic systems are usually large-scale companies with automated equipment in their operating facilities. They are exploring ways to minimize long-term costs by reducing human labor. Adopting fully automatic systems helps companies increase their throughput volumes by automating the feeding and assembly processes.
Based on end user, the Europe industrial automation market is broadly segmented into oil & gas, chemicals & materials, paper & pulp, pharmaceuticals & biotech, mining & metals, food & beverage, power, consumer goods, automotive, machines & tools, semiconductors & electronics, aerospace & defense, and other end users. In 2023, the oil & gas segment is expected to account for the largest share of the Europe industrial automation market. The large market share of this segment is attributed to the increasing implementation of automation technologies to improve decision-making, troubleshooting, and performance efficiency in oil & gas exploration activities.
However, the automotive segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the increasing implementation of machine vision systems and sensor technologies by automotive manufacturers, increasing utilization of robotics for automotive body assembly automation, including streamlining repetitive processes like welding, material handling, and assembling auto body components, and intelligent automation for enhanced manufacturing flexibility. Automotive manufacturers can save on labor costs and rework, improving quality and repeatability with robotics, vision, and software integration.
Companies are emphasizing product development to support the growing automation in the automotive industry. For instance, in June 2023, ABB Ltd (Switzerland) expanded its large robot family with four new models and 22 variants, offering more choice, increased coverage, and greater performance for customers in automotive, EV, and a wide range of sectors.
Based on geography, the Europe industrial automation market is segmented into Germany, U.K., France, Italy, Spain, Switzerland, Netherlands, Sweden, Denmark, Norway, Poland, Ireland, Russia, and the Rest of Europe. In 2023, Germany is expected to account for the largest share of the Europe industrial automation market. Germany’s major market share is attributed to the increasing installation of industrial robots, factory automation, and enterprise management solutions, the growing focus of German manufacturers on utilizing energy-efficient solutions, and the growing adoption of advanced technologies, such as digitalization and automation.
In addition, the rising focus of key players on product development to support the growing adoption of robots in industries also contributes to market growth. For instance, in September 2020, KUKA AG (Germany) launched the KR CYBERTECH nano, a series of high-performance robots. The highly flexible multi-functional tool offered in the new robot system delivers maximum performance even in harsh environments. It offers high speed and outstanding precision at minimum investment and maintenance costs.
Moreover, Italy is projected to register the highest CAGR during the forecast period. The growth of this country is driven by the increasing need for strengthening the manufacturing sector, the growing Industrial Internet of Things (IIoT) and data collection for better management of products, the increasing number of SMEs, the growing demand for automated systems for logistics, and increasing demand for product tracking, flexibility, and improved product lines.
Some of the key players operating in the Europe industrial automation market are ABB Ltd. (Switzerland), Rockwell Automation Inc. (U.S.), Siemens AG (Germany), Yaskawa Electric Corporation (Japan), Schneider Electric SE (France), Yokogawa Electric Corporation (Japan), KUKA AG (Germany), Emerson Electric Co. (U.S.), FANUC CORPORATION (Japan), Honeywell International Inc. (U.S.), Mitsubishi Electric Corporation (Japan), OMRON Corporation (Japan), Advantech Co., Ltd. (Taiwan), Fuji Electric Co., Ltd. (Japan), and General Electric Company (U.S.).
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