Asia Pacific Industrial Automation Equipment (IAE) Market 2022-2032 by Equipment Type (Automation Equipment, Power Transmission, Motors and Motor Controls), Technology (Industrial Robots, Control Valves, Sensors, Machine Vision), Industry Vertical (Oil & Gas, Automotive & Transportation, Mining & Metals, Machine Manufacturing, Energy and Power, Electrical & Electronics, Others), and Country: Trend Forecast and Growth Opportunity
Asia Pacific industrial automation equipment (IAE) market will grow by 8.1% annually with a total addressable market cap of $1.45 trillion over 2023-2032, driven by the technological advancement in industrial automation equipment, emergence of new products and services, and the increasing adoption of advanced automation systems to improve the productivity and save cost.
Highlighted with 39 tables and 60 figures, this 172-page report “Asia Pacific Industrial Automation Equipment (IAE) Market 2022-2032 by Equipment Type (Automation Equipment, Power Transmission, Motors and Motor Controls), Technology (Industrial Robots, Control Valves, Sensors, Machine Vision), Industry Vertical (Oil & Gas, Automotive & Transportation, Mining & Metals, Machine Manufacturing, Energy and Power, Electrical & Electronics, Others), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire Asia Pacific industrial automation equipment (IAE) market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of Asia Pacific market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify Asia Pacific industrial automation equipment (IAE) Industrial Automation Equipment (IAE) market in every aspect of the classification from perspectives of Equipment Type, Technology, Industry Vertical and Country.
Based on Equipment Type, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Automation Equipment Sector
o Discrete Controllers & Visualization
o Process Control
o Switchgear
• Power Transmission Equipment
o Rotary Products
o Linear Products
• Motors and Motor Controls
o Motors & Generators
o Motor Controls
Based on Technology, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Industrial Robots
• Control Valves
• Sensors
• Machine Vision
• Other Technologies
By Industry Vertical, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Oil & Gas
• Automotive & Transportation
• Mining & Metals
• Machine Manufacturing
• Energy and Power
• Electrical & Electronics
• Aerospace & Defense
• Chemical Industry
• Pharmaceuticals
• Food & Beverages
• Other Industries
Geographically, the following national/local markets are fully investigated:
• Japan
• China
• South Korea
• Australia
• India
• Rest of APAC (further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2022-2032. The breakdown of national markets by Equipment Type, Technology, and Industry Vertical over the forecast years are also included.
The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
ABB Ltd.
Azbil Corporation
Bharat Heavy Electrical Ltd
Danaher Corporation
Emerson Electric Co.
Fanuc Corp.
General Electric Co.
Hitachi, Ltd.
Honeywell International Inc.
Johnson Controls Inc
Metso Corporation
Mitsubishi Electric Corp.
Nextnine Ltd
NovaTech Process Solutions LLC
Omron Corporation
Rockwell Automation Inc.
Samsung Electronics
Schneider Electric SE
Siemens AG
Toshiba Machine Co., Ltd.
Yaskawa Electric Corp.
Yokogawa Electric Corporation
(Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
1 Introduction 9
1.1 Industry Definition and Research Scope 9
1.1.1 Industry Definition 9
1.1.2 Research Scope 11
1.2 Research Methodology 14
1.2.1 Overview of Market Research Methodology 14
1.2.2 Market Assumption 15
1.2.3 Secondary Data 15
1.2.4 Primary Data 15
1.2.5 Data Filtration and Model Design 16
1.2.6 Market Size/Share Estimation 17
1.2.7 Research Limitations 18
1.3 Executive Summary 19
2 Market Overview and Dynamics 22
2.1 Market Size and Forecast 22
2.1.1 Impact of COVID-19 on World Economy 23
2.1.2 Impact of COVID-19 on the Market 26
2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 28
2.2 Major Growth Drivers 32
2.3 Market Restraints and Challenges 35
2.4 Emerging Opportunities and Market Trends 38
2.5 Porter’s Fiver Forces Analysis 42
3 Segmentation of Asia Pacific Market by Equipment Type 46
3.1 Market Overview by Equipment Type 46
3.2 Automation Equipment Sector 48
3.2.1 Discrete Controllers & Visualization 49
3.2.2 Process Control 50
3.2.3 Switchgear 51
3.3 Power Transmission Equipment 52
3.3.1 Rotary Products 53
3.3.2 Linear Products 54
3.4 Motors and Motor Controls 55
3.4.1 Motors & Generators 56
3.4.2 Motor Controls 57
4 Segmentation of Asia Pacific Market by Technology 58
4.1 Market Overview by Technology 58
4.2 Industrial Robots 60
4.3 Control Valves 61
4.4 Sensors 62
4.5 Machine Vision 63
4.6 Other Technologies 64
5 Segmentation of Asia Pacific Market by Industry Vertical 65
5.1 Market Overview by Industry Vertical 65
5.2 Oil & Gas 67
5.3 Automotive & Transportation 68
5.4 Mining & Metals 69
5.5 Machine Manufacturing 70
5.6 Energy and Power 71
5.7 Electrical & Electronics 72
5.8 Aerospace & Defense 73
5.9 Chemical Industry 74
5.10 Pharmaceuticals 75
5.11 Food & Beverages 76
5.12 Other Industries 77
6 Asia-Pacific Market 2022-2032 by Country 78
6.1 Overview of Asia-Pacific Market 78
6.2 Japan 81
6.3 China 85
6.4 Australia 88
6.5 India 91
6.6 South Korea 94
6.7 Rest of APAC Region 97
7 Competitive Landscape 99
7.1 Overview of Key Vendors 99
7.2 New Product Launch, Partnership, Investment, and M&A 103
7.3 Company Profiles 104
ABB Ltd. 104
Azbil Corporation 106
Bharat Heavy Electrical Ltd 108
Danaher Corporation 110
Emerson Electric Co. 112
Fanuc Corp. 118
General Electric Co. 120
Hitachi, Ltd. 123
Honeywell International Inc. 127
Johnson Controls Inc 133
Metso Corporation 134
Mitsubishi Electric Corp. 136
Nextnine Ltd 140
NovaTech Process Solutions LLC 141
Omron Corporation 142
Rockwell Automation Inc. 145
Samsung Electronics 148
Schneider Electric SE 153
Siemens AG 158
Toshiba Machine Co., Ltd. 162
Yaskawa Electric Corp. 165
Yokogawa Electric Corporation 169
RELATED REPORTS 172
List of Tables:
Table 1. Snapshot of Asia Pacific Industrial Automation Equipment Market in Balanced Perspective, 2022-2032 20
Table 2. World Economic Outlook, 2021-2031 24
Table 3. World Economic Outlook, 2021-2023 25
Table 4. Scenarios for Economic Impact of Ukraine Crisis 29
Table 5. Main Product Trends and Market Opportunities in Asia Pacific Industrial Automation Equipment Market 38
Table 6. Asia Pacific Industrial Automation Equipment Market by Equipment Type, 2022-2032, $ mn 46
Table 7. Asia Pacific Industrial Automation Equipment Market: Automation Equipment Sector by Product, 2022-2032, $ mn 48
Table 8. Asia Pacific Industrial Automation Equipment Market: Power Transmission Equipment by Product, 2022-2032, $ mn 52
Table 9. Asia Pacific Industrial Automation Equipment Market: Motors and Motor Controls by Product, 2022-2032, $ mn 55
Table 10. Asia Pacific Industrial Automation Equipment Market by Technology, 2022-2032, $ mn 58
Table 11. Asia Pacific Industrial Automation Equipment Market by Industry Vertical, 2022-2032, $ mn 65
Table 12. APAC Industrial Automation Equipment Market by Country, 2022-2032, $ mn 79
Table 13. Japan Industrial Automation Equipment Market by Equipment Type, 2022-2032, $ mn 83
Table 14. Japan Industrial Automation Equipment Market by Technology, 2022-2032, $ mn 83
Table 15. Japan Industrial Automation Equipment Market by Industry Vertical, 2022-2032, $ mn 84
Table 16. China Industrial Automation Equipment Market by Equipment Type, 2022-2032, $ mn 86
Table 17. China Industrial Automation Equipment Market by Technology, 2022-2032, $ mn 86
Table 18. China Industrial Automation Equipment Market by Industry Vertical, 2022-2032, $ mn 87
Table 19. Australia Industrial Automation Equipment Market by Equipment Type, 2022-2032, $ mn 89
Table 20. Australia Industrial Automation Equipment Market by Technology, 2022-2032, $ mn 89
Table 21. Australia Industrial Automation Equipment Market by Industry Vertical, 2022-2032, $ mn 90
Table 22. India Industrial Automation Equipment Market by Equipment Type, 2022-2032, $ mn 92
Table 23. India Industrial Automation Equipment Market by Technology, 2022-2032, $ mn 92
Table 24. India Industrial Automation Equipment Market by Industry Vertical, 2022-2032, $ mn 93
Table 25. South Korea Industrial Automation Equipment Market by Equipment Type, 2022-2032, $ mn 95
Table 26. South Korea Industrial Automation Equipment Market by Technology, 2022-2032, $ mn 95
Table 27. South Korea Industrial Automation Equipment Market by Industry Vertical, 2022-2032, $ mn 96
Table 28. Industrial Automation Equipment Market in Rest of APAC by Country/Region, 2022-2032, $ mn 98
Table 29. Breakdown of World Market by Key Vendor, 2022, % 101
Table 30. ABB Ltd.: Company Snapshot 104
Table 31. ABB Ltd.: Business Segmentation 105
Table 32. ABB Ltd.: Product Portfolio 105
Table 33. Emerson Electric Co.: Sales, Earnings and Assets by Business Division, 2015-2017, $ million 114
Table 34. Emerson Electric Co.: Sales by Region, 2015-2017, $ million 114
Table 35. General Electric: Revenue, Net Income and Assets, 2007-2017, $ million 121
Table 36. Honeywell International Inc: Revenue, Net Income and Assets, 2007-2017, $ million 129
Table 37. Honeywell International Inc.: Sales by Business Division, 2014-2017, $ million 131
Table 38. Samsung Electronics Major Products by Business Division, 2017 148
Table 39. Siemens AG: Revenue, Net Income and Assets, 2013-2017, €billion 159List of Figures:
Figure 1. Research Method Flow Chart 14
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 17
Figure 3. Asia Pacific Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032 19
Figure 4. Asia Pacific Industrial Automation Equipment Market, 2022-2032, $ mn 22
Figure 5. Impact of COVID-19 on Business 26
Figure 6. Primary Drivers and Impact Factors of Asia Pacific Industrial Automation Equipment Market 32
Figure 7. Primary Restraints and Impact Factors of Asia Pacific Industrial Automation Equipment Market 35
Figure 8. Investment Opportunity Analysis 39
Figure 9. Porter’s Fiver Forces Analysis of Asia Pacific Industrial Automation Equipment Market 42
Figure 10. Breakdown of Asia Pacific Industrial Automation Equipment Market by Equipment Type, 2022-2032, % of Revenue 47
Figure 11. Asia Pacific Addressable Market Cap in 2023-2032 by Equipment Type, Value ($ mn) and Share (%) 47
Figure 12. Asia Pacific Industrial Automation Equipment Market by Equipment Type: Automation Equipment Sector, 2022-2032, $ mn 48
Figure 13. Asia Pacific Industrial Automation Equipment Market by Automation Equipment Sector: Discrete Controllers & Visualization, 2022-2032, $ mn 49
Figure 14. Asia Pacific Industrial Automation Equipment Market by Automation Equipment Sector: Process Control, 2022-2032, $ mn 50
Figure 15. Asia Pacific Industrial Automation Equipment Market by Automation Equipment Sector: Switchgear, 2022-2032, $ mn 51
Figure 16. Asia Pacific Industrial Automation Equipment Market by Equipment Type: Power Transmission Equipment, 2022-2032, $ mn 52
Figure 17. Asia Pacific Industrial Automation Equipment Market by Power Transmission Equipment: Rotary Products, 2022-2032, $ mn 53
Figure 18. Asia Pacific Industrial Automation Equipment Market by Power Transmission Equipment: Linear Products, 2022-2032, $ mn 54
Figure 19. Asia Pacific Industrial Automation Equipment Market by Equipment Type: Motors and Motor Controls, 2022-2032, $ mn 55
Figure 20. Asia Pacific Industrial Automation Equipment Market by Motors and Motor Controls: Motors & Generators, 2022-2032, $ mn 56
Figure 21. Asia Pacific Industrial Automation Equipment Market by Motors and Motor Controls: Motor Controls, 2022-2032, $ mn 57
Figure 22. Breakdown of Asia Pacific Industrial Automation Equipment Market by Technology, 2022-2032, % of Sales Revenue 59
Figure 23. Asia Pacific Addressable Market Cap in 2023-2032 by Technology, Value ($ mn) and Share (%) 59
Figure 24. Asia Pacific Industrial Automation Equipment Market by Technology: Industrial Robots, 2022-2032, $ mn 60
Figure 25. Asia Pacific Industrial Automation Equipment Market by Technology: Control Valves, 2022-2032, $ mn 61
Figure 26. Asia Pacific Industrial Automation Equipment Market by Technology: Sensors, 2022-2032, $ mn 62
Figure 27. Asia Pacific Industrial Automation Equipment Market by Technology: Machine Vision, 2022-2032, $ mn 63
Figure 28. Asia Pacific Industrial Automation Equipment Market by Technology: Other Technologies, 2022-2032, $ mn 64
Figure 29. Breakdown of Asia Pacific Industrial Automation Equipment Market by Industry Vertical, 2022-2032, % of Sales Revenue 66
Figure 30. Asia Pacific Addressable Market Cap in 2023-2032 by Industry Vertical, Value ($ mn) and Share (%) 66
Figure 31. Asia Pacific Industrial Automation Equipment Market by Industry Vertical: Oil & Gas, 2022-2032, $ mn 67
Figure 32. Asia Pacific Industrial Automation Equipment Market by Industry Vertical: Automotive & Transportation, 2022-2032, $ mn 68
Figure 33. Asia Pacific Industrial Automation Equipment Market by Industry Vertical: Mining & Metals, 2022-2032, $ mn 69
Figure 34. Asia Pacific Industrial Automation Equipment Market by Industry Vertical: Machine Manufacturing, 2022-2032, $ mn 70
Figure 35. Asia Pacific Industrial Automation Equipment Market by Industry Vertical: Energy and Power, 2022-2032, $ mn 71
Figure 36. Asia Pacific Industrial Automation Equipment Market by Industry Vertical: Electrical & Electronics, 2022-2032, $ mn 72
Figure 37. Asia Pacific Industrial Automation Equipment Market by Industry Vertical: Aerospace & Defense, 2022-2032, $ mn 73
Figure 38. Asia Pacific Industrial Automation Equipment Market by Industry Vertical: Chemical Industry, 2022-2032, $ mn 74
Figure 39. Asia Pacific Industrial Automation Equipment Market by Industry Vertical: Pharmaceuticals, 2022-2032, $ mn 75
Figure 40. Asia Pacific Industrial Automation Equipment Market by Industry Vertical: Food & Beverages, 2022-2032, $ mn 76
Figure 41. Asia Pacific Industrial Automation Equipment Market by Industry Vertical: Other Industries, 2022-2032, $ mn 77
Figure 42. Breakdown of APAC Industrial Automation Equipment Market by Country, 2022 and 2032, % of Revenue 79
Figure 43. Contribution to APAC 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 80
Figure 44. Industrial Automation Equipment Market in Japan, 2022-2032, $ mn 82
Figure 45. Industrial Automation Equipment Market in China, 2022-2032, $ mn 85
Figure 46. Industrial Automation Equipment Market in Australia, 2022-2032, $ mn 88
Figure 47. Industrial Automation Equipment Market in India, 2022-2032, $ mn 91
Figure 48. Industrial Automation Equipment Market in South Korea, 2022-2032, $ mn 94
Figure 49. Industrial Automation Equipment Market in Rest of APAC, 2022-2032, $ mn 97
Figure 50. Growth Stage of Asia Pacific Industrial Automation Equipment Industry over the Forecast Period 99
Figure 51. Samsung Electronics Financial Summary by Division, 2014-2016, KRW million 149
Figure 52. Total Revenue and Consumer Electronics Revenue of Samsung Electronics, 2015-2016, $bn 150
Figure 53. Samsung Electronics: Regional Segmentation of Revenue, 2017, % 150
Figure 54. Company Overview and Key Figures of Schneider Electric as of 2016 153
Figure 55. Schneider Electric: Sales Revenue by Business Segment, % of 2016 Revenue 154
Figure 56. Schneider Electric: Sales Revenue by Region, % of 2016 Revenue 154
Figure 57. Toshiba Machine Revenue by Business Segment, 2017, % 163
Figure 58. Toshiba Machine Revenue by Region in 2017, % 163
Figure 59. Yaskawa Net Sales by Business Segment, 2018, % 165
Figure 60. Yaskawa Revenue by Region in 2018, % 166
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Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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