Market Size of United States Factory Automation and Industrial Controls Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.80 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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US Factory Automation and Industrial Controls Market Analysis
The United States factory automation and industrial controls market is expected to register a CAGR of 7.8% during the forecast period. Due to the impact of the COVID-19 pandemic, robots are projected to play a major role in bringing jobs back to the United States, improving factory productivity, and helping manufacturers adapt to changing preferences of the consumer.
- Factory automation and control solutions facilitate the automation of an entire manufacturing/production facility by designing and constructing a fully integrated and intelligent control system, including sensors, robots, computers, industrial instruments, and advanced data processing solutions.
- These solutions are implemented primarily to reduce companies' reliance on unreliable and error-prone manual processes and replace them with command-response activities executed by logical programming commands and mechanized equipment. Some general-purpose industrial-process controllers include programmable logic controllers (PLCs) and stand-alone I/O modules.
- A notable impact of COVID-19 was observed in the US industrial sector. Due to several restrictions on staffing in industries, the growth of the industrial sector was negatively impacted. According to the Bureau of Economic Analysis (BEA) data, the country's real GDP decreased at an annual rate of 4.8% in the first quarter of 2020. However, the pandemic significantly enhanced awareness about using advanced technologies such as automation, AI, IIoT, etc. These are expected to have a long-term impact on the growth of the market studied in the United States.
- In recent years, especially after the pandemic, the US government started focusing on boosting its local manufacturing industries with initiatives like "Make in America," which is expected to drive the growth of the market studied. For instance, in March 2022, the US government announced that for the products to qualify as Made in America for federal procurement, 60% of the value of their parts should be manufactured in the country, which earlier accounted for 55%. The government plans to enhance it further to 65% in 2024 and 75% in 2029.
