Taiwan Industrial Process Automation Market is Predicted to Reach USD 181 Million at a CAGR of 2% by 2030

Taiwan Industrial Process Automation Market is Predicted to Reach USD 181 Million at a CAGR of 2% by 2030

 

According to industry analysts at Next Move Strategy Consulting, the Taiwan Industrial Process Automation Market is predicted to reach USD 181 million at a CAGR of 2% by 2030. This growth is driven by the rapid adoption of automation technologies across industries, particularly in Taiwan’s booming semiconductor sector. Industrial process automation is revolutionizing Taiwanese manufacturing, utilizing advanced technology, including sensors, programmable logic controllers (PLCs), human-machine interfaces (HMIs), and supervisory control and data acquisition (SCADA) systems.

Download FREE Sample: https://www.nextmsc.com/taiwan-industrial-process-automation-market/request-sample

Taiwan’s Semiconductor Sector: A Major Growth Catalyst

Taiwan's semiconductor industry, a critical economic pillar, heavily depends on industrial automation to maintain its competitive edge. With exports of integrated circuits (IC) rising by 18.4% in 2022, according to the Ministry of Finance, automation in semiconductor manufacturing has become essential. The demand for machine vision systems, industrial robots, and Manufacturing Execution Systems (MES) is accelerating, reflecting the industry's commitment to production efficiency and global competitiveness.

Key Investments Boost Taiwan’s Automation Capabilities

Taiwanese companies such as Delta Electronics and Kenmec Mechanical Engineering Co. Ltd. are further propelling industrial automation through significant investments. In January 2022, Kenmec invested USD 21.67 million in New Taipei City to expand manufacturing facilities, enhancing local capabilities in industrial sensors, robots, and Distributed Control Systems (DCS). These investments underscore Taiwan's ambition to establish itself as a leader in industrial process automation.

Challenges and Opportunities in Automation Standardization

Despite the industry’s growth, a lack of standardization poses a barrier, as proprietary systems developed by vendors can result in vendor lock-in, limiting flexibility and raising costs. This has led to hesitancy among companies to adopt new automation systems fully, hindering market development. To address these concerns, industry players are working towards creating adaptable and standardized solutions.

Industry 4.0 Opens New Automation Frontiers

Emerging Industry 4.0 technologies, including the Internet of Things (IoT), cloud computing, and artificial intelligence (AI), are presenting significant growth opportunities. These technologies empower companies to collect and analyze vast data in real-time, allowing for advanced operational insights and efficiency improvements. Taiwan’s industrial process automation sector is poised to benefit from partnerships with technology firms to integrate cutting-edge solutions.

Inquire Before Buying: https://www.nextmsc.com/taiwan-industrial-process-automation-market/inquire-before-buying

Competitive Landscape

Major players in Taiwan’s industrial process automation market include Siemens AG, Honeywell International, Schneider Electric, Mitsubishi Electric, Rockwell Automation, Emerson Electric Co., ABB Ltd., Omron Corp., Fanuc Corp., and Toshiba Corp.

Taiwan Industrial Process Automation Market Key Segments

  • By Component: Manufacturing Execution Systems, Distributed Control Systems, Programmable Logic Control, SCADA, Field Instruments, Industrial Robots, Process Analyzers & Drives
  • By End-User: Oil & Gas, Chemical & Refining, Energy & Power, Pulp & Paper, Metals & Mining, Pharmaceutical, Cement & Glass, Others

As Taiwan continues to invest in automation and drive technological innovation, the industrial process automation market is positioned to play a vital role in advancing the nation’s manufacturing competitiveness.

Also, Browse Related Reports:

For more inquiries, please contact:
Next Move Strategy Consulting
E-Mail: info@nextmsc.com
Direct: +1-217-650-7991
Website: https://www.nextmsc.com/
Follow Us: LinkedIn | Twitter | YouTube | Facebook | Instagram

About Next Move Strategy Consulting:

Next Move Strategy Consulting is a premier market research and management consulting firm that has been committed to provide strategically analysed well documented latest research reports to its clients. The research industry is flooded with many firms to choose from, what makes Next Move different from the rest is its top-quality research and the obsession of turning data into knowledge by dissecting every bit of it and providing fact-based research recommendation that is supported by information collected from over 500 million websites, paid databases, industry journals and one on one consultations with industry experts across a diverse range of industry sectors. The high-quality customized research reports with actionable insights and excellent end-to-end customer service help our clients to take critical business decisions that enables them to move beyond time and have competitive edge in the industry.

We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicated, as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solutions that range from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.

Back to blog