South Korea Automation & Industrial Control Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

South Korea Automation and Industrial Control Industry Overview

The South Korean automation and industrial control market is highly competitive, featuring several major players in the industry. Leading companies like Schneider Electric SE, ABB Limited, Honeywell International Inc., Rockwell Automation Inc., and Yokogawa Electric Corporation continually invest significant resources in their research and development efforts to maintain a competitive edge.

In April 2023, Rockwell Automation announced its intention to form a partnership with Doosan Robotics, a renowned global robotics manufacturer, and its parent company, Doosan. The signing ceremony was attended by representatives from both organizations and South Korea's Minister of Trade, Industry, and Energy, Lee Chang-Yang. The agreement between Rockwell Automation (ROK) and Doosan is aimed at improving the integration of their robotic systems and controllers, with a focus on developing robotic and other automation technologies for applications such as smart factory construction and automation facilities worldwide. This collaboration is particularly significant for markets in the United States and South Korea.

In February 2023, ABB introduced its latest Distributed Control System (DCS) named ABB Ability Symphony Plus. This innovative product provides seamless and secure access to an extensive digital ecosystem for the power generation and water industries. ABB has launched this product to support the digital transformation in power generation and water industries. A key feature of this product is its support for viewing critical data from anywhere at any time, thanks to its HTML5 web-based operation and engineering tools. This functionality not only enhances plant uptime but also fosters collaboration and improves overall performance in these industries.