Automation Control Components and Devices Market Share Size, Revenue, Growth Rate Analysis and Forecast 2023
Market Research Future (MRFR) announces the publication of its half-cooked research report—Global Automation Control Components and Devices Market, 2019–2025. The global automation control components and devices market have been segmented based on type, application, and region.
By type, the market has been segmented into relays/couplers (solid-state relays, photo IC couplers, power relays, control panel relays, safety relays, signal relays, automotive relays, interface terminals, and others), connectors (automotive connector, board to FPC narrow pitch connector, board to board narrow pitch connector, high current stacking connector, FPC/FFC connector, and active optical connector), switches (interlock switches, fall detection switches, push switches, snap switches, seal type switches, limit switches, and light-touch switches), and others (encoders/potentiometers, force-sensing capacitive device, and PIR motion sensors). Among these, the switches segment dominated the market in 2018 while the relays segment is expected to register the highest CAGR during the forecast period. A switch is a device that can break a circuit and also connect them again for some kind of electrical process. Level switches, basic switches, limit switches, push buttons, and thumbnail switches are mainly used for industrial automation. Level switches are the sensors with an electrical output which are generally used to measure liquid, powder, or any bulk level. Basic switches have a micro contact gap and operate at a specified moment using a snap-action mechanism. A standard industrial limit switch is an electromechanical device generally used as a pilot device for magnetic starter control circuits to start, stop, and slow down operations. On the other hand, a relay is a switch that activates the electronic circuit. When the control circuit is powered, the relay shuts and allows current to flow between two
Connected points.
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Key Players
The key players in the automation control components and devices market are identified across all the major regions based on their country of origin, presence, recent key developments, product diversification, and industry expertise. Some of them are Panasonic Corporation, Omron Corporation, Control Components Inc, Schneider Electric SE, ABB Limited, Phoenix Contact, Delta Electronics, LUTZE Group, Encoder Products Company Inc, Baumer Ltd, Rockwell Automation, Honeywell International Inc., and Siemens AG. These players contribute significantly to market growth. Apart from the top key players, the other players contribute nearly 35–40% in the automation control components and devices market.
Segments
By application, the market has been segmented into automotive, manufacturing, oil & gas, energy & power, mining & metals, electronics & semiconductor, aerospace & aviation, military defense, and government. Among the major verticals, the application of automation control components and devices in oil & gas dominated in 2018. The oil & gas industry is focused on increasing productivity through integrated operations and automation. Oil & gas companies are implementing automation technologies such as SCADA systems and DCS in offshore rigs to gather production data in a timely manner.
By region, the automation control components and devices market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific is witnessed to showcase the highest CAGR during the forecast period, while North America is expected to remain the dominating region throughout the forecast period.
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Regional Analysis
For the study of automation control components and devices market, several primaries and secondary research were conducted, which helped us analyze the market for major regions such as North America, Europe, Asia-Pacific, and the rest of the world. The study on automation control components and devices revealed the dominance of North America in this market. The manufacturers of components, such as relays, switches, and sensors, in the US have experienced an exponential demand from the automation solution providers. Industrial automation has transformed the scenario of doing business. Every industry such as food processing and beverages, chemicals, metal and mining industry requires the usage of small components on a large scale. These components help the companies to operate the machinery, or even program it for automation. In addition to the growth of automation control components in the US, Mexico is expected to show the highest CAGR during the forecast period. The reason for the growth is the increased adoption of industrial automation in oil & gas, and mining industries in Mexico.
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