The industrial equipment industry is being pulled in two directions at once, with automation spending set to grow steadily and operating costs getting squeezed by energy prices and raw material volatility. From a 7.2% CAGR forecast for global industrial automation through 2030 to 88% of manufacturers already using equipment data for monitoring, the numbers point to a shift from “keeping machines running” to actively managing performance and risk. But cybersecurity patching timing, maintenance cost pressure, and supply chain shocks mean the real picture is more complicated than growth charts alone.
Key Takeaways
- 7.2% CAGR projected for the global industrial automation market from 2024–2030, reflecting ongoing demand for process and discrete automation systems
- $79.7 billion global market size for industrial automation (process and discrete automation) in 2023, highlighting core spending on automation components and systems
- $212.0 billion global market size for industrial robotics in 2023
- 3.6% real GDP average annual growth in the U.S. forecast for 2025–2027 supports continued capital spending tailwinds for industrial equipment demand
- 2.9% increase in U.S. industrial production in 2024 (year-over-year average), signaling growth in the industrial base that drives equipment orders
- 8.5% year-over-year growth in global industrial production (proxy for industrial equipment demand) in 2024 (latest IMF-provided indices for industrial output growth vary by region and period)
- 88% of manufacturers say they collect data from equipment for monitoring purposes (survey-reported), indicating broad measurement adoption across industrial equipment fleets
- 5%–15% reduction in waste can be achieved by implementing advanced process control in manufacturing (operational optimization KPI reported in industry guidance)
- 30% increase in equipment productivity reported in implementations of advanced warehouse automation and material handling (study-reported operational impact)
- 9% reduction in total maintenance costs from implementing reliability-centered maintenance (RCM) (peer-reviewed synthesis of maintenance effectiveness)
- 1.2–1.7% of U.S. GDP spent annually on energy (EIA economy-wide estimate), framing the macro cost pressure that drives equipment efficiency projects
- U.S. industrial electricity price averaged about $0.10/kWh in 2024 (EIA monthly electricity data), affecting operating cost of industrial equipment
- 34% average increase in global raw-material costs experienced by manufacturers in 2022 (PMI input cost indices indicate broad cost pressure and inflation-driven procurement risk)
- CISA reports that vulnerability exploitation of known issues commonly occurs within days to weeks after public disclosure, emphasizing patching and control system security practices
- NFPA 70E outlines electrical safety requirements and risk assessment practices used in industrial environments, shaping compliance costs for equipment and maintenance
Industrial automation and smarter equipment are expanding fast, driven by production growth, rising demand, and efficiency gains.
Related reading
01 · Category
Market Size14 stats
01
7.2% CAGR projected for the global industrial automation market from 2024–2030, reflecting ongoing demand for process and discrete automation systems
02
$79.7 billion global market size for industrial automation (process and discrete automation) in 2023, highlighting core spending on automation components and systems
03
$212.0 billion global market size for industrial robotics in 2023
04
$1,616.0 billion global industrial automation market size in 2023
05
$1,235.0 billion global factory automation systems market size in 2023
06
$68.0 billion global industrial controls market size in 2023
07
$91.0 billion global industrial valves market size in 2023
08
$136.4 billion global industrial pumps market size in 2023
09
2.4% global industrial equipment spare parts market CAGR projected for 2024–2030
10
$14.0 billion global predictive maintenance market size in 2023
11
$34.9 billion global condition monitoring market size in 2023
12
$19.6 billion global industrial IoT market size in 2023
13
$7.5 billion global industrial cybersecurity market size in 2023
14
$3.4 billion global industrial Ethernet market size in 2022
Interpretation
Market Size Interpretation
In the Market Size landscape for industrial equipment, the sector is scaling rapidly with $1,616.0 billion in global industrial automation market value in 2023 and a projected 7.2% CAGR from 2024 to 2030, underscoring that major spending is expanding beyond components into broader process and discrete automation systems.
02 · Category
Industry Trends5 stats
01
3.6% real GDP average annual growth in the U.S. forecast for 2025–2027 supports continued capital spending tailwinds for industrial equipment demand
02
2.9% increase in U.S. industrial production in 2024 (year-over-year average), signaling growth in the industrial base that drives equipment orders
03
8.5% year-over-year growth in global industrial production (proxy for industrial equipment demand) in 2024 (latest IMF-provided indices for industrial output growth vary by region and period)
04
1,800+ industrial machinery manufacturers in the U.S. reported in 2022
05
29% of manufacturers reported supply-chain cost increases caused by logistics constraints in 2023 (survey)
Interpretation
Industry Trends Interpretation
With U.S. real GDP forecast to grow 3.6% annually in 2025 to 2027 and global industrial production rising 8.5% year over year in 2024, the Industry Trends outlook points to sustained momentum for industrial equipment demand, even as 29% of U.S. manufacturers in 2023 reported logistics driven supply chain cost increases.
03 · Category
Production & Adoption1 stats
01
88% of manufacturers say they collect data from equipment for monitoring purposes (survey-reported), indicating broad measurement adoption across industrial equipment fleets
Interpretation
Production & Adoption Interpretation
With 88% of industrial equipment manufacturers collecting monitoring data from their equipment, production and adoption are clearly moving toward widespread, data-driven visibility across equipment fleets.
04 · Category
Performance Metrics4 stats
01
5%–15% reduction in waste can be achieved by implementing advanced process control in manufacturing (operational optimization KPI reported in industry guidance)
02
30% increase in equipment productivity reported in implementations of advanced warehouse automation and material handling (study-reported operational impact)
03
9% reduction in total maintenance costs from implementing reliability-centered maintenance (RCM) (peer-reviewed synthesis of maintenance effectiveness)
04
1.2x faster time-to-repair reported with remote monitoring and diagnostics in industrial equipment (case-study dataset)
Interpretation
Performance Metrics Interpretation
Across Performance Metrics, industrial equipment initiatives that add smarter control, automation, and reliability practices can deliver measurable gains like a 1.2x faster time-to-repair along with major productivity and cost improvements, including up to a 30% boost in equipment productivity and a 9% drop in total maintenance costs.
More related reading
05 · Category
Cost Analysis6 stats
01
1.2–1.7% of U.S. GDP spent annually on energy (EIA economy-wide estimate), framing the macro cost pressure that drives equipment efficiency projects
02
U.S. industrial electricity price averaged about $0.10/kWh in 2024 (EIA monthly electricity data), affecting operating cost of industrial equipment
03
34% average increase in global raw-material costs experienced by manufacturers in 2022 (PMI input cost indices indicate broad cost pressure and inflation-driven procurement risk)
04
A 1 MW avoided electricity generation cost estimate of ~$50–$150 per MWh equivalent reduction in marginal costs (LBNL electricity cost guidance supports lifecycle cost decisions)
05
$72per meter average cost to implement industrial automation cabling upgrades (industry estimate)
06
$0.10/kWh average industrial electricity price in the U.S. in 2024
Interpretation
Cost Analysis Interpretation
Cost pressure is already material for Industrial Equipment, since U.S. industry electricity averages about $0.10 per kWh in 2024 while global raw material costs rose 34% in 2022, making automation cabling upgrades that cost about $72 per meter and energy efficiency choices financially urgent rather than optional.
06 · Category
Security & Compliance7 stats
01
CISA reports that vulnerability exploitation of known issues commonly occurs within days to weeks after public disclosure, emphasizing patching and control system security practices
02
NFPA 70E outlines electrical safety requirements and risk assessment practices used in industrial environments, shaping compliance costs for equipment and maintenance
03
OSHA’s Process Safety Management (PSM) standard (29 CFR 1910.119) applies to covered process units, influencing engineering and equipment documentation burden
04
In the U.S., 42% of critical infrastructure organizations reported experiencing a security incident in the last 12 months (survey-reported incident rate)
05
ISO 9001 certification: ISO estimates over 1 million certificates worldwide (latest ISO survey), indicating widespread quality management compliance that affects industrial equipment manufacturing processes
06
ISO 14001 certifications exceeded 400,000 worldwide (ISO survey), affecting industrial equipment manufacturing supply chain and environmental compliance
07
CE marking requirements for relevant EU machinery categories mandate safety conformity assessment, influencing compliance-driven design changes in industrial equipment
Interpretation
Security & Compliance Interpretation
With 42% of critical infrastructure organizations reporting a security incident in the last 12 months and CISA noting exploitation of known vulnerabilities often happens within days to weeks after disclosure, Security and Compliance requirements are quickly turning into urgent, operational patching and control system security habits rather than just paperwork.
07 · Category
User Adoption1 stats
01
63% of manufacturers use real-time machine data for production monitoring in 2023
Interpretation
User Adoption Interpretation
In 2023, 63% of industrial equipment manufacturers are using real-time machine data for production monitoring, signaling solid user adoption of data-driven visibility in daily operations.
Reference
Cite This Report
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APA
Helena Kowalczyk. (2026, February 13). Industrial Equipment Industry Statistics. Gitnux. https://gitnux.org/industrial-equipment-industry-statistics
MLA
Helena Kowalczyk. "Industrial Equipment Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/industrial-equipment-industry-statistics.
Chicago
Helena Kowalczyk. 2026. "Industrial Equipment Industry Statistics." Gitnux. https://gitnux.org/industrial-equipment-industry-statistics.
Sources & references
38 datasets cited across this report · attribution is report-level
+11 additional datasets cited (not shown individually)