Australia Electric Automation Market Insights Forecasts to 2033

• The Australia Electric Automation Market Size was valued at USD 523.64 Million in 2023.
• The Market Size is Growing at a CAGR of 10.54% from 2023 to 2033.
• The Australia Electric Automation Market Size is Expected to Reach USD 1425.84 Million by 2033

The Australia Electric Automation Market Size is Anticipated to Reach USD 1425.84 Million by 2033, growing at a CAGR of 10.54% from 2023 to 2033.

Market Overview

Electrical automation is about the electronic systems and equipment used for monitoring and controlling industrial components and other devices. It connects sensors, actuators, controls, and software to automate processes by enhancing efficiency, accuracy, and safety in multiple applications. This is a key application in construction, energy, transportation, and construction management activities, which are fast expanding due to an increasingly broad use of modern technology. Industrial automation is in high demand by manufacturing, mining, and utilities among others. There has been significant development towards automation, particularly in manufacturing, where firms are looking to stay competitive in the market. Automation technologies involve robotics and programmable logic.

Report Coverage

This research report categorizes the market for the Australia electric automation market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Australia electric automation market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Australia electric automation market.

Driving Factors

The technology industry is constantly developing new technologies and evolving. One of the most recent trends in this regard is the rising demand for automation. This demand increases productivity while minimizing the amount of money spent and increasing safety. Due to these factors, many modern manufacturers choose to invest in electrical generators. The demands for such devices are continuously rising, which will soon proliferate power generation. Development in the electricity automation market is expanding due to factors like high labor cost, efficiency, process size, provision of better practices on an ongoing basis, downtime reduction, and safety. A strong desire to automate the manufacturing process will have a deep impact.

Restraining Factors

High installation costs exclude economically backward producers from joining electrical automation. Demand is mainly emerging from an advanced economy but higher investment in R&D can expand the industry. The uncontrolled population growth calls for automation to ensure effective demand for production.

Market Segmentation

The Australia electric automation market share is classified into type and application.

• The equipment segment is expected to hold the largest market share through the forecast period.

The Australia electric automation market is segmented by type into equipment and software & services. Among these, the equipment segment is expected to hold the largest market share through the forecast period. This is due to the widespread usage of equipment in different sectors like manufacturing, mining, energy, agriculture, and utilities. Along with added automation, efficiency, safety, energy management, and technology are necessary, hence underlining more dominance of the equipment segment in the Australian electric automation market.

• The aerospace & defense segment is expected to dominate the Australia electric automation market during the forecast period.       

Based on the application, the Australia electric automation market is divided into industrial, agriculture, aerospace & defense, residential & commercial buildings, and others. Among these, the aerospace & defense segment is expected to dominate the Australia electric automation market during the forecast period. As a whole, the air, space, and military industries contribute significantly to the economy. It supports jobs, drives innovation, and portrays direct national security sensitivities. Robotic automation is a key component of the aerospace industry in aircraft and space systems, where accuracy, quality, and repeatability are crucial in the development process.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Australia electric automation market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Emerson Electric Co.
• Honeywell International Inc.
• Siemens
• GE Grid Solutions LLC
• Mitsubishi Electric Corporation
• OMRON Corporation
• ABB
• Rockwell Automation
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at Australia, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Australia Electric Automation Market based on the below-mentioned segments:

Australia Electric Automation Market, By Type

• Equipment
• Software & Services

Australia Electric Automation Market, By Application

• Industrial
• Agriculture
• Aerospace & Defense
• Residential & Commercial Buildings
• Others