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

South Korea Factory Automation & Industrial Controls Industry Overview

The South Korean factory automation and industrial controls market is highly competitive, with the presence of a few globally operating companies, like Denso Korea Corporation, ABB Korea Co. Ltd, Epson Korea Co. Ltd, Fuji Electric FA Korea Co. Ltd, Emerson Electric Korea Ltd. These companies have continuously invested in strategic partnerships and product developments to gain market share.

In August 2022, Yokogawa Electric Corporation announced the release of the OpreXTM IT/OT Security Operations Center (IT/OT SOC) service. This new addition to the OpreX safety and security family is a centrally managed service based on people (service organization), processes, and technology. Targeted primarily at industrial enterprises, Yokogawa developed this service to improve the security of IT and OT networks by detecting, analyzing, and enabling a quick and effective response to cybersecurity incidents from anywhere in the world.

In May 2022, OMRON Corporation announced the release of a new high-voltage DC relay, "G9KB," for global high-capacity household electricity storage systems. G9KB safely cuts off the current in household storage systems that have been increasing in capacity. Moreover, G9KB could play a role in encouraging renewable energy by downsizing products.