South East Asia Industrial Automation and Process Control Market

South East Asia Industrial Automation and Process Control Market Size, Share, Growth Analysis, By Product(Variable speed drives, general motion controls), By Distribution Channel(Online, Offline) - Industry Forecast 2024-2031

Report ID: SQMIR20I2265 | Region: Regional | Published Date: March, 2024
Pages: 202 | Tables: 62 | Figures: 67

South East Asia Industrial Automation and Process Control Market News

  • In January 2022, Accenture announced that they would be acquiring Eclipse Automation, a provider of manufacturing automation and robotics solutions in Canada. The acquisition will help the company expand its automation portfolio in the market.
  • In 2022, Hudson Street Solutions, Inc. (HSS) announces plans to acquire Nexus Automation. The acquisition will enable the company to offer cutting-edge automation solutions and better service to its customers.
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South East Asia Industrial Automation and Process Control Market size was valued at USD 6.24 billion in 2021 and is poised to grow from USD 6.91 billion in 2022 to USD 15.7 billion by 2030, growing at a CAGR of 10.80% during the forecast period (2023-2030).

The South East Asia Industrial Automation and Process Control Market is highly fragmented with the presence of several small and large market players operating all over the world. Major companies of the market are implementing several business strategies such as new product launches, acquisition & mergers, collaboration, and partnerships for the expansion of their geographical presence and their product portfolio. 'Siemens (Germany)', 'ABB (Switzerland)', 'Fanuc Corporation (Japan)', 'Rockwell Automation Inc. (U.S.)', 'Emerson Electric Corporation (U.S.)', 'Universal Robots (Denmark)', 'Schneider Electric SE (France)', 'Yokogawa Electric Corporation (Japan)', 'Honeywell International Inc. (U.S.)', 'Panasonic Corporation (Japan)', 'Eaton Corporation (Ireland)', 'Scott Automation and Robotics (Australia)'

Product lifecycle management systems are commonly used to integrate people within an extended enterprise where data, processes, business systems, and ultimately products can be managed efficiently and cost-effectively will be Increased adoption of PLM systems for manufacturing, increased innovation, superior design efficiency, reduced manufacturing costs, and compliance risks are expected to drive the growth of the industrial automation and process control market during the forecast period.

Product lifecycle management accounts for the largest share of the Southeast Asian industrial automation and process control market by product type and is expected to witness high growth during the forecast period. A large share of this segment is attributed to the fact that product lifecycle management reduces time to market. It helps the industry reduce overall production costs and improve communication between departments.

Southeast Asia industrial automation and process control market is segmented into Singapore, Vietnam, Malaysia, Thailand, Indonesia, Philippines, and other countries. Vietnam is currently experiencing significant growth in industrial automation and process control technology across various industries. This growth is primarily driven by increased investment in high tech manufacturing, increased demand for higher quality products, and increased adoption of automation and integrated process control systems. Rising foreign investment and growing adoption of automation in the furniture, food processing, and electronics industries are also contributing to the growth of Vietnam's industrial automation and process control market.

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