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Rising Adoption of Automated Technologies Across Europe and Asia-Pacific Driving Market Growth

   January 10, 2024

Increased competition and evolving customer requirements have compelled Europe’s manufacturing sector to embrace novel technologies and solutions for digital transformation. The major industries adopting automation in Europe include oil & gas, chemicals & petrochemicals, power & utilities, food & beverage, and automotive. Companies in the region are investing in cost-efficient automation solutions to reduce their reliance on the human workforce, increasing the demand for automated machines and systems, such as PLC, SCADA, and ERP.

Companies are increasingly investing in SCADA software, which is an integral part of automation systems. For instance, in September 2022, Schneider Electric (France) acquired AVEVA (U.K.), a leading industrial software provider, to accelerate its software growth strategy and enhance its hybrid cloud-based subscription model.

The Asia-Pacific region is diverse, with technologically advanced and high-cost manufacturing countries. Asia-Pacific has quality connectivity, mature IT and security infrastructure, a trained workforce, and Industry 4.0 expertise. These factors have accelerated the adoption of industrial automation and AI in the Asia-Pacific. Automation in APAC is driven by population growth, urbanization, economic development, and increasing wages. The Government of China has launched the Made in China 2025 initiative to upgrade the Chinese industry. With this initiative, China plans to expand its high-tech sectors and further develop its advanced manufacturing base. The program aims to use government subsidies, mobilize state-owned enterprises, and pursue intellectual property acquisition to catch up with Western technological prowess in advanced industries. The Made in China 2025 initiative is the Chinese government's ten-year plan to upgrade the Chinese manufacturing base by developing ten high-tech industries. Such developments in Europe and Asia-Pacific are promoting industrial automation, driving the growth of the SCADA market.

Conclusion

The combination of these factors is contributing to the widespread adoption of automated technologies, shaping the future of industries across Europe and the Asia-Pacific region. As businesses continue to recognize the benefits of automation, the market for these technologies is expected to grow further in the coming years.

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