Saudi Arabia Industrial Automation Market (2020-2026)
Posted by arshiyashaikh on January 7th, 2021
Market Reports on Saudi Arabia Provides the Trending Market Research Report on “Saudi Arabia Industrial Automation Market (2020-2026)” under Heavy Industry category. The Saudi Arabia Industrial Automation Market is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.
Saudi Arabia Industrial Automation Market (2020-2026): Market Forecast By Products (Machine Vision, Robotics, Sensors, Motion & Drives, Relays & Switches, PLC, SCADA, DCS & Others (PLM, PAM, Etc.)), By Verticals (Automotive, Oil & Gas, Power Utility & Water Treatment, Food Processing, Pharmaceutical, Chemical & Others (Textile, Plastic, Etc.)), By Regions (Central, Southern, Eastern, Western) And Competitive Landscape
Saudi Arabia industrial automation market is anticipated to show a significant growth in the coming years owing to the Saudi Arabia National Industrial Development and Logistics Program, which seeks to attract an investment of around 7 billion in the Kingdom by 2030, majorly in four domains such as manufacturing, mining, energy, and logistics. Additionally, the “industrial revolution 4.0” initiative would help in powering industrial automation by increasing manufacturing productivity which in turn would drive the demand for industrial automation in the Saudi Arabian market.
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Saudi Arabia Industrial Automation Market is projected to grow at a CAGR of 4.1% during 2020-26. By-products, robotics is anticipated to dominate the market growth in the coming years as they play a vital role in the manufacturing industries due to their utility in controlling and managing processes along with their advanced networking capabilities. However, other segments bagged the highest share in revenues of Saudi Arabia industrial automation market share.
The oil and gas vertical is set to dominate the industrial automation market in terms of revenues during the forecast period. Saudi Arabia is the world’s largest exporter of oil and the oil industry accounts for 43 percent of GDP. Additionally, the power utility & water treatment and chemical sector show the most promising growth during the forecast period on account of growing investment in such verticals.
The report thoroughly covers the market by products, verticals, and regions. The report provides an unbiased and detailed analysis of the on-going trends, and market drivers. The report highlights the opportunities and high growth areas which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report:
Browse our full report with Table of Contents: http://www.marketreportsonsaudiarabia.com/marketreports/saudi-arabia-industrial-automation-market-20202026/2051756
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Joined: February 5th, 2019
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