Report : Middle East & Africa Factory Automation Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Component (Hardware and Software), Hardware (Sensors, Controllers, Robots, Drives, and Others), Type (Programmable Automation, Fixed Automation, and Flexible Automation), Technology (Programmable Logic Controller (PLC), Distributed Control System (DCS), Supervisory Control and Data Acquisition System (SCADA), Human Machine Interface (HMI), and Others), and Industry Vertical (Automotive, Food and Beverage, Oil and Gas, Manufacturing, Mining, and Others)
At 6.4% CAGR, the MEA Factory Automation Market is speculated to be worth US$ 11,134.40 million by 2028, says Business Market Insights
According to Business Market Insights' research, the MEA factory automation market was valued at US$ 7,670.72 million in 2022 and is expected to reach US$ 11,134.40 million by 2028, registering a CAGR of 6.4% from 2022 to 2028. Growing collaborative partnerships between companies and automation in mining industry are the critical factors attributed to the market expansion.
The growing customer need for an automation system encourages companies to produce more advanced solutions. For this, the companies are partnering and collaborating with other companies to cater the customer needs. For instance, in July 2022, ABB Ltd announced that they are collaborating with SKF to automate manufacturing processes. Through this collaboration, the companies will identify and evaluate solutions to improve manufacturing capabilities. Similarly, in July 2022, Siemens announced their collaboration with Geekplus to expand its robotic activities. The companies have grown their collaboration to the second phase of a smart manufacturing automation project. In the second phase, the companies have added more MP1000R moving robots equipped with laser-guided SLAM capabilities to the production line without interrupting operations. Thus, through these partnerships and collaborations, the companies are working on helping their customers improve manufacturing capabilities, thereby offering lucrative growth opportunities for the factory automation market.
On the contrary, high operating cost for small and medium manufacturing companies hurdles the growth of MEA factory automation market.
Based on component, the MEA factory automation market is segmented into hardware and software. The hardware segment held 69.8% market share in 2022, amassing US$ 5,351.14 million. It is projected to garner US$ 7,617.58 million by 2028 to expand at 6.1% CAGR during 2022-2028.
Based on hardware, the MEA factory automation market is segmented into sensors, controllers, robots, drives, and other hardware components. The robots segment held 36.6% market share in 2022, amassing US$ 1,956.46 million. It is projected to garner US$ 2,983.49 million by 2028 to expand at 7.3% CAGR during 2022-2028.
Based on type, the MEA factory automation market is segmented into programmable automation, fixed automation, and flexible automation. The fixed automation segment held 42.5% market share in 2022, amassing US$ 3,263.64 million. It is projected to garner US$ 4,538.94 million by 2028 to expand at 5.7% CAGR during 2022-2028.
Based on technology, the MEA factory automation market is segmented into programmable logic controller (PLC), distributed control system (DCS), supervisory control and data acquisition (SCADA), Human-Machine Interface (HMI), and others. The supervisory control and data acquisition system (SCADA) segment held 26.7% market share in 2022, amassing US$ 2,045.28 million. It is projected to garner US$ 3,251.60 million by 2028 to expand at 8.0% CAGR during 2022-2028.
Based on industry vertical, the MEA factory automation market is segmented into automotive, food and beverages, oil and gas, manufacturing, mining, and others. The manufacturing segment held 20.8% market share in 2022, amassing US$ 1,596.19 million. It is projected to garner US$ 2,287.34 million by 2028 to expand at 6.2% CAGR during 2022-2028.
Based on country, the MEA factory automation market is segmented into South Africa, Saudi Arabia, UAE, and Rest of MEA. Our regional analysis states that Saudi Arabia captured 38.9% market share in 2022. It was assessed at US$ 2,982.87 million in 2022 and is likely to hit US$ 4,351.32 million by 2028, exhibiting a CAGR of 6.5% during the forecast period.
Key players dominating the MEA factory automation market are ABB Ltd; Bosch Rexroth AG; Emerson Electric Co.; Fanuc Corporation; General Electric Company; Honeywell International Inc.; Mitsubishi Electric Corporation; OMRON Corporation; Rockwell Automation, Inc.; and Siemens AG among others.
In 2022, OMRON Corporation RAMP Inc. as a new partner for its Certified System Integrator program. RAMP is an automation solutions provider which designs and builds custom automation and robotic systems. In 2022, Siemens and NVIDIA announced the expansion of an existing partnership. Through this partnership the companies are promoting digital transformation in industrial verticals. They will be exploring opportunities within the industrial metaverse, by connecting Siemens Xcelerator and NVIDIA Omniverse platform.
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