Smart Automation Market in Energy and Environment Applications Market - Forecast(2024 - 2030)

The advancement in wireless technologies is driving the smart automation trends across the various industries. Automation helps to reduce human intervention and provides control and information on a real time basis. It is an amalgamation of software, electronic, electric as well as mechanical devices, which are requisite to automate any operation required. The emergence of green energy is fueling growth of smart automation, also the trends towards the energy conservation and optimum energy utilization is paving way for the smart automation across the regions. The aim of automation is to reduce the human efforts along with keep the building or factory safe, healthy and comfortable for its occupants, while cutting down the usage of energy. The factors driving this industry such as to the need to upgrade the operating efficiencies, the racing cost of energy and maintenance and also the occupants comfort. The adaptation of wireless technology and centralization of remote controls are the key highlight of the industry.

A survey on the power consumption in the corporate offices as well as in the industries says that the highest amount of energy is used for lighting purposes followed by HVAC. With the idea of cutting down the energy consumption, the innovation in smart lighting such as sensor integration to detect the occupancy, level and other, which in turn reduce power consumption. With the use of Occupancy Sensors, displacement Sensors and dimmers, the lighting it a smart building will turn off when there are no occupancy in the area. Wireless lighting and IoT have become the current trends of this market with the advancement in communication technology. Similarly, smart thermostats compare the inside temperature with that of the outside to smartly decide what temperature will be apt for the occupants. Many different solutions and services have found their applications in energy conservation. Energy Conservation Support, Advanced Distribution Management Systems, EMS/SCADA are a few of them. The importance of solar energy is increasing day by day. Many solar power plants are being installed around the world. Smart grids, Automatic Control of Wind Power Generators, Electrical energy demand prediction, Thermal Energy Consumption Estimation and a few other new technologies have come up. Also there are many applications of smart automation in the environment such as spill management, waste management, water and wastewater management, air quality detection, climate reporting, prediction of river floods, atmospheric pollution, sea waves motion and so on.

IndustryARC estimates global Smart Automation market for energy and environment applications size for the year 2015 to be around $XX billion. Smart Automation market is forecast to exhibit a growth rate of XX% through 2021 and reach $XX billion.

Europe market is among the significant market for smart automation owing to the major infrastructure development and focused on energy conservation. Industries in Europe are trying to cut down their energy consumption by 20%, making it a driver for this market. However, APAC region is poised to grow fast due to the rapid industrialization in countries such as China, India and so on. Also developed nation such as japan, Australia and South Korea are focusing for optimum energy usage; it offers significant opportunities for the players to enhance the market share. Europe and Americas are the major regions in the Smart Automation market. This market is fast growing in emerging economies of the world such as Brazil, China, India countries due to growing economic conditions.

The major players in this market are automation, controls and software solution product providers.

Sample Companies profiled in this report are:
OMRON Corporation,
Emerson Electric Corporation,
Rockwell Automation, Inc.,
United Technologies Corporation,
Honeywell International Inc.,
Legrand S.A.,
Flextronics International.,
ABB Ltd.,
Siemens AG.
10+

These Automation product manufacturers have utilized mergers and acquisitions as well as product launches to augment entry into related markets and enhance core competencies through additions to product portfolio as well as leveraging capabilities of acquired companies to gain a foothold in high growth markets.