Top 10 Leading Industrial Automation Companies in 2023

As industries continue to evolve, the role of industrial automation companies becomes increasingly crucial. In 2023, these companies are at the forefront of transforming manufacturing processes through advanced technologies like robotics, IIoT, and smart devices. This article highlights the top 10 leading industrial automation companies, each playing a pivotal role in enhancing efficiency, reducing costs, and improving precision in various sectors.

Key Takeaways

• ABB leads with innovative automation solutions enhancing efficiency across various industries.
• Yokogawa Electric specializes in providing cutting-edge technology tailored to specific industrial needs.
• Siemens continues to set benchmarks in automation with its comprehensive range of products and services.
• Honeywell excels in integrating smart technology into its automation solutions, promoting safety and productivity.
• Mitsubishi Electric focuses on robotics and automation technology, driving advancements in assembly and machine-tending applications.

1. ABB

ABB Ltd., a Swedish-Swiss multinational corporation, is a leader in industrial automation and robotics. Formed in 1988 through the merger of Sweden’s Allmänna Svenska Elektriska Aktiebolaget and Switzerland’s Brown, Boveri & Cie, ABB has grown to operate in over 100 countries with approximately 132,000 employees. The company is renowned for its innovative, digitally connected, and enabled industrial equipment and systems across various sectors including automotive, energy, and manufacturing.

ABB’s Robotics Division is at the forefront of providing cutting-edge solutions for a wide range of industries. As a part of the ABB Robotics & Discrete Automation business division, it employs over 11,000 people across 53 nations. 2023 was a record year for ABB, as highlighted by CEO Björn Rosengren, who praised the company’s strong performance and technological leadership.

2. Yokogawa Electric

Yokogawa Electric Corporation, a prominent figure in the industrial automation sector, is renowned for its comprehensive range of smart control systems, including PLC (programmable logic controller), DCS (distributed control system), and SCADA (supervisory control and data acquisition). These systems are designed to streamline automation processes, ensuring hassle-free automation and enhanced operational efficiency. Headquartered in Tokyo, the company boasts a significant global presence with 17,715 employees, 118 companies, and 84 subsidiaries across 61 countries.

Innovations in the Field of Industrial Automation

Yokogawa continues to lead with innovations that emphasize sustainability and efficiency. The company’s commitment to technological advancement is evident in its strategic business plans, such as the Accelerate Growth 2023 (AG2023), which aims to reshape its long-term business framework towards sustainable growth.

3. Siemens

Siemens, headquartered in Munich, Germany, is a global leader in industrial automation, known for its commitment to innovation, engineering excellence, and reliability. With a rich history dating back to the mid-19th century, Siemens has been at the forefront of technology, particularly in automation, digitalization, and electrification across various industries. Siemens unveils breakthrough in automation technology with its new Siemens Simatic Automation Workstation, which significantly enhances manufacturing efficiency by integrating multiple functions into a single device.

Products/Services they Offer:

• Power distribution
• Automation and Control
• Energy Audits
• High voltage switchgear
• Remote monitoring systems

4. Honeywell

Honeywell International Inc., a Fortune 100 company headquartered in Charlotte, North Carolina, is renowned for its diverse portfolio in avionics, aircraft engines, auxiliary power units, and critical aviation products under its flagship, Honeywell Aerospace. Beyond aerospace, Honeywell excels in home and building technologies, performance materials, and safety solutions, employing over 110,000 workers globally. Honeywell’s commitment to innovation is evident in its automation solutions, which enhance operational efficiency across various sectors.

Honeywell Process Solutions, a key division, has been at the forefront of process automation control for over 40 years. It continuously evolves from legacy systems to modern innovations like Experion® PKS, ensuring long-term protection of customer investments in automation assets. The division offers a wide range of products including Advanced Software, Control, Monitoring and Safety Systems, and Energy & Emissions Management.

Products and Services

• Advanced Software
• Control, Monitoring and Safety Systems
• Energy & Emissions Management
• Gas Measurement & Regulation
• Industrial Security
• Instrumentation
• Marine
• Terminal Operations
• Wireless

Honeywell’s technologies are projected to have a cumulative impact of mitigating 2 billion metric tons of CO2e between 2023 and 2030, highlighting its significant contributions to environmental sustainability.

5. Mitsubishi Electric

Mitsubishi Electric, a prominent Japanese multinational, excels in electrical and electronics manufacturing. The company is renowned for its advanced engineering techniques and its commitment to next-generation manufacturing solutions. With a rich history dating back to 1921, Mitsubishi Electric has consistently been at the forefront of technological innovation, particularly in industrial automation.

Mitsubishi Electric’s product range is diverse, covering everything from industrial robotics to SCADA systems. The company’s industrial robotics division specializes in vertically-articulated robots, which are crucial for applications such as assembly, machine-tending, and tray-handling. These robots are designed to deliver power, precision, and a soft touch, even in limited spaces.

The company’s global presence and its ability to deliver reliable and innovative automation technologies make it a strong player in the international automation market. Mitsubishi Electric’s commitment to quality and innovation makes it an attractive choice for industries looking to modernize their operations.

6. Schneider Electric

Schneider Electric, a French multinational corporation headquartered in Rueil-Malmaison, specializes in energy management and automation systems. With a workforce of 135,000 employees spread across 117 countries, Schneider Electric is a prominent player in the industrial automation sector. The company’s flagship EcoStruxure platform offers IoT-enabled solutions that enhance operational efficiency and sustainability.

Schneider Electric’s commitment to sustainability is evident in its solutions that are designed to be reliable, efficient, and sustainable. The company plays a crucial role in powering data centers, managing smart grids, and providing infrastructure solutions for efficient energy distribution. In 2023, Schneider Electric continued to focus on reducing industrial carbon footprints while boosting productivity through innovative automation technologies.

Conclusion

As we wrap up our exploration of the top 10 leading industrial automation companies in 2023, it’s clear that these firms are at the forefront of transforming global industries. With advancements in technologies like IIoT, 5G, and smart devices, these companies are not only enhancing operational efficiencies but also paving the way for a more automated future. The continuous growth in the demand for automation solutions underscores the critical role these companies play in shaping the future of manufacturing and production. As industries evolve, these top firms are well-positioned to drive innovation and deliver value, making them key players in the industrial automation landscape.

Frequently Asked Questions

What is industrial automation?

Industrial automation refers to the use of control systems, such as computers or robots, and information technologies for handling different processes and machinery in an industry to replace a human being. It is implemented to increase efficiency, enhance quality, and reduce manual labor.

How does industrial automation benefit industries?

Automation improves productivity, enhances precision and quality, reduces operational costs, and decreases manual labor. It allows industries to operate more efficiently and safely, particularly in environments that are hazardous for humans.

What are some key technologies driving industrial automation?

Key technologies include the Industrial Internet of Things (IIoT), robotics, artificial intelligence, and machine learning. These technologies help in creating more efficient and autonomous systems.

What role does 5G technology play in industrial automation?

5G technology offers high-speed, reliable, and low-latency communication which is crucial for real-time data processing and control in industrial automation. This enhances the capabilities of IoT devices and supports more advanced and interconnected automation systems.

Can industrial automation be applied to all industries?

While industrial automation is prevalent in manufacturing, automotive, and packaging industries, its application is expanding to other sectors like agriculture, healthcare, and logistics due to advancements in technology and the need for efficiency.

What future trends are expected in industrial automation?

Future trends include increased adoption of AI and machine learning for predictive maintenance, further integration of IoT devices, and more collaborative robots (cobots) working alongside humans. These advancements will continue to drive innovation and efficiency in various industries.