Industrial Automation Market in Life Sciences Industry to Record Growth of US$ 2.42 Billion – Driven by Improved Quality of Life Sciences Products and Services

The market is mainly driven by the improved quality of life sciences products and services. However, infrastructural and integration issues can hinder the growth of market players. Competitors must focus on differentiating their product offerings with unique value propositions to strengthen their market position. Market vendors must also capitalize on existing growth prospects in fast-growing segments while maintaining their positions in slow-growing segments. ABB Ltd., Emerson Electric Co., Honeywell International Inc., Mitsubishi Electric Corp., OMRON Corp., Parker-Hannifin Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG and Yokogawa Electric Corp. are among some of the major players in the market. See a sample report here

The industrial automation market in the life sciences industry is segmented as follows:

The DCS segment accounts for the largest share of the market in 2020. The segment is driven by the increasing adoption of technology in the life sciences industry, particularly in the pharmaceutical sector. The market growth in the segment will be significant during the forecast period.

  • Geography
    • North America
    • Europe
    • APAC
    • South America
    • SOMETHING

39% of market growth will come from North America during the forecast period. The US is the key market for industrial automation in the life sciences industry North America. Availability of a large pool of patients is one of the key factors driving the growth of the regional market. Market growth in the region will be slower than market growth in other regions.

Technavio presents a detailed picture of the market by researching, synthesizing and summarizing data from multiple sources. The Industrial Automation Market in the Life Sciences Industry Report covers the following areas:

Industrial Automation Market in the Life Sciences Industry 2021-2025: Key Highlights

  • Market CAGR during the forecast period 2021-2025
  • Detailed information on the factors that will support the growth of the industrial automation market over the next five years
  • Estimation of the size of the Industrial Automation market and its contribution to the underlying market
  • Predictions of upcoming trends and changes in consumer behavior
  • The growth of the industrial automation market in the life sciences industry
  • Analysis of the competitive environment of the market and detailed information about the suppliers
  • Comprehensive details on the factors that will drive the growth of vendors in the Industrial Automation market

Related reports:

Industrial Automation Market in the Life Sciences Industry: Scope

Report coverage

Details

Page number

120

Base year

2020

Estimated period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 7.35%

Market Growth 2021-2025

$2.42 billion

Market structure

Torn apart

Year-on-year growth (%)

5.78

Regional analysis

North America, Europe, APAC, South America and MEA

Effective market contribution

North America with 39%

Key user countries

USA, Germany, France, UK and Japan

The competitive environment

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

ABB Ltd., Emerson Electric Co., Honeywell International Inc., Mitsubishi Electric Corp., OMRON Corp., Parker-Hannifin Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG and Yokogawa Electric Corp.

Market dynamics

Major market analysis, drivers and impediments to market growth, analysis of fast growing and slow growing segments, impact of COVID 19 and future consumer dynamics, market status analysis for the forecast period.

Range of customization

If our report doesn’t include the data you’re looking for, you can contact our analysts and get custom segments.

Content:

Executive summary

Market landscape

  • Market ecosystem
  • Value chain analysis

Sizing the market

  • Market definition
  • Market segment analysis
  • Market Size 2020
  • Market Outlook: Forecast 2020 – 2025

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market segmentation by products

  • Market segments
  • Comparison by product
  • DCS – Market Size and Forecast 2020-2025
  • SCADA – Market Size and Forecast 2020-2025
  • PLC – Market Size and Forecast 2020-2025
  • MES – Market Size and Forecast 2020-2025
  • Market opportunity by product

Customer landscape

Geographical landscape

  • Geographic segmentation
  • Geographical comparison
  • North America – Market Size and Forecast 2020-2025
  • Europe – Market Size and Forecast 2020-2025
  • APAC – Market Size and Forecast 2020-2025
  • South America – Market Size and Forecast 2020-2025
  • MEA – Market Size and Forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market engines
  • Market challenges
  • Market trends

Supplier landscape

  • Review
  • Seller landscape
  • Disruption of the landscape

Supplier Analysis

  • Covered Providers
  • Market positioning of suppliers
  • ABB EOOD
  • Emerson Electric Co.
  • Honeywell International Inc.
  • Mitsubishi Electric Corp.
  • OMRON Corp.
  • Parker Hannifin Corp.
  • Rockwell Automation Inc.
  • Schneider Electric SE
  • Siemens AG
  • Yokogawa Electric Corp.

Application

  • Scope of the report
  • Exchange rates for US dollars
  • Research methodology
  • List of abbreviations

About us

Technavio is a leading global technology research and consulting company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 dedicated analysts, Technavio’s report library consists of more than 17,000 reports and growing, covering 800 technologies spanning 50 countries. Their client base consists of businesses of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, in-depth research and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media and Marketing Executive
USA: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
website: www.technavio.com/

SOURCE Technavio

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