Market Share of Middle East And Africa Industrial Automation Industry
The Middle East & Africa industrial automation market is moderately fragmented and has the presence of some of the leading automation solution providers. However, the growing penetration of automation solutions is encouraging new players to enter the market, which in turn is anticipated to drive competition among the vendors. Players are involved in product development and strategic activities such as collaborations, partnerships, mergers, and acquisitions. Some key market players include ABB Ltd., Siemens AG, Rockwell Automation, and Yokogawa Electric Corporation.
In June 2023, Schneider Electric opened a new production line in Riyadh to manufacture energy efficiency and sustainability hardware, including intelligent Altivar Process Modular (APM) Drives. According to the company, the new manufacturing facility is equipped with the latest automation technology and robotics.
In April 2023, Honeywell announced its plans to open an advanced regional manufacturing center at the King Salman Energy Park (SPARK), the kingdom's new industrial zone, making it eight in the country. According to the company, the new facility will include engineering, manufacturing, and assembly lines spanning the company's industrial control and automation equipment.
Middle East And Africa Industrial Automation Market Leaders
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ABB Limited
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Siemens AG
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Yokogawa Electric Corporation
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Rockwell Automation Inc.
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Mitsubishi Electric Corporation
*Disclaimer: Major Players sorted in no particular order
