Market Share of Industry 4.0 Industry
The Industry 4.0 Market is fragmented, with the presence of major players like ABB Ltd, Siemens AG, Robert Bosch GmbH, and Rockwell Automation Inc., among others. Players in the market are adopting strategies such as partnerships, investments, and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
In June 2023, Siemens unveiled its investment strategy to foster future growth, drive innovation, and enhance resilience. The strategy entails allocating EUR 2 billion (USD 2.18 billion) primarily to establish new manufacturing facilities, innovation labs, education centers, and other company-owned sites. As part of this initiative, Siemens also announced the construction of a factory in Singapore strategically positioned to cater to the rapidly expanding markets in Southeast Asia.
In February 2023, Johnson Controls International and Willow, a provider of digital twin solutions for critical infrastructure and real estate, announced a global collaboration to transform buildings and facilities digitally. Johnson Controls and Willow have jointly committed to bringing next-generation solutions to their customers. Digital twins are becoming more critical in designing, constructing, and maintaining healthy buildings and facilities. They can be accommodating when analyzing large datasets and predicting patterns and trends.
Industry 4.0 Technologies Market Leaders
ABB Ltd.
Siemens AG
Schneider Electric
Swisslog Holding AG (Kuka AG)
Rockwell Automation Inc.
*Disclaimer: Major Players sorted in no particular order
