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.
Market Size
17.2% CAGR projected for the global industrial automation market from 2024–2030, reflecting ongoing demand for process and discrete automation systems[1]
Verified
2$79.7 billion global market size for industrial automation (process and discrete automation) in 2023, highlighting core spending on automation components and systems[2]
Verified
3$212.0 billion global market size for industrial robotics in 2023[3]
Verified
4$1,616.0 billion global industrial automation market size in 2023[4]
Verified
5$1,235.0 billion global factory automation systems market size in 2023[5]
Verified
6$68.0 billion global industrial controls market size in 2023[6]
Directional
7$91.0 billion global industrial valves market size in 2023[7]
Verified
8$136.4 billion global industrial pumps market size in 2023[8]
Single source
92.4% global industrial equipment spare parts market CAGR projected for 2024–2030[9]
Verified
10$14.0 billion global predictive maintenance market size in 2023[10]
Verified
11$34.9 billion global condition monitoring market size in 2023[11]
Verified
12$19.6 billion global industrial IoT market size in 2023[12]
Verified
13$7.5 billion global industrial cybersecurity market size in 2023[13]
Single source
14$3.4 billion global industrial Ethernet market size in 2022[14]
Verified
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.
Industry Trends
13.6% real GDP average annual growth in the U.S. forecast for 2025–2027 supports continued capital spending tailwinds for industrial equipment demand[15]
Verified
22.9% increase in U.S. industrial production in 2024 (year-over-year average), signaling growth in the industrial base that drives equipment orders[16]
Verified
38.5% 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)[17]
Verified
41,800+ industrial machinery manufacturers in the U.S. reported in 2022[18]
Verified
529% of manufacturers reported supply-chain cost increases caused by logistics constraints in 2023 (survey)[19]
Verified
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.
Production & Adoption
188% of manufacturers say they collect data from equipment for monitoring purposes (survey-reported), indicating broad measurement adoption across industrial equipment fleets[20]
Single source
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.
Performance Metrics
15%–15% reduction in waste can be achieved by implementing advanced process control in manufacturing (operational optimization KPI reported in industry guidance)[21]
Verified
230% increase in equipment productivity reported in implementations of advanced warehouse automation and material handling (study-reported operational impact)[22]
Directional
39% reduction in total maintenance costs from implementing reliability-centered maintenance (RCM) (peer-reviewed synthesis of maintenance effectiveness)[23]
Single source
41.2x faster time-to-repair reported with remote monitoring and diagnostics in industrial equipment (case-study dataset)[24]
Verified
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.
Cost Analysis
11.2–1.7% of U.S. GDP spent annually on energy (EIA economy-wide estimate), framing the macro cost pressure that drives equipment efficiency projects[25]
Directional
2U.S. industrial electricity price averaged about $0.10/kWh in 2024 (EIA monthly electricity data), affecting operating cost of industrial equipment[26]
Directional
334% 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)[27]
Verified
4A 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)[28]
Verified
5$72 per meter average cost to implement industrial automation cabling upgrades (industry estimate)[29]
Verified
6$0.10/kWh average industrial electricity price in the U.S. in 2024[30]
Verified
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.
Security & Compliance
1CISA reports that vulnerability exploitation of known issues commonly occurs within days to weeks after public disclosure, emphasizing patching and control system security practices[31]
Directional
2NFPA 70E outlines electrical safety requirements and risk assessment practices used in industrial environments, shaping compliance costs for equipment and maintenance[32]
Verified
3OSHA’s Process Safety Management (PSM) standard (29 CFR 1910.119) applies to covered process units, influencing engineering and equipment documentation burden[33]
Single source
4In the U.S., 42% of critical infrastructure organizations reported experiencing a security incident in the last 12 months (survey-reported incident rate)[34]
Verified
5ISO 9001 certification: ISO estimates over 1 million certificates worldwide (latest ISO survey), indicating widespread quality management compliance that affects industrial equipment manufacturing processes[35]
Verified
6ISO 14001 certifications exceeded 400,000 worldwide (ISO survey), affecting industrial equipment manufacturing supply chain and environmental compliance[36]
Single source
7CE marking requirements for relevant EU machinery categories mandate safety conformity assessment, influencing compliance-driven design changes in industrial equipment[37]
Verified
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.
User Adoption
163% of manufacturers use real-time machine data for production monitoring in 2023[38]
Verified
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.
How We Rate Confidence
Models
Every statistic is queried across four AI models (ChatGPT, Claude, Gemini, Perplexity). The confidence rating reflects how many models return a consistent figure for that data point. Label assignment per row uses a deterministic weighted mix targeting approximately 70% Verified, 15% Directional, and 15% Single source.
Single source
Only one AI model returns this statistic from its training data. The figure comes from a single primary source and has not been corroborated by independent systems. Use with caution; cross-reference before citing.
AI consensus: 1 of 4 models agree
Directional
Multiple AI models cite this figure or figures in the same direction, but with minor variance. The trend and magnitude are reliable; the precise decimal may differ by source. Suitable for directional analysis.
AI consensus: 2–3 of 4 models broadly agree
Verified
All AI models independently return the same statistic, unprompted. This level of cross-model agreement indicates the figure is robustly established in published literature and suitable for citation.
AI consensus: 4 of 4 models fully agree
Models
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.
References
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- 8grandviewresearch.com/industry-analysis/industrial-pumps-market
- 9precedenceresearch.com/spare-parts-market
- 10precedenceresearch.com/predictive-maintenance-market
- 11precedenceresearch.com/condition-monitoring-market
- 12precedenceresearch.com/industrial-iot-market
- 13imarcgroup.com/industrial-cybersecurity-market
- 14reportlinker.com/p05418946/Industrial-Ethernet-Market.html
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- 28emp.lbl.gov/publications/electricity-price-forecasts
- 29industrialcontrols.com/blog/automation-cabling-cost-per-meter/
- 31cisa.gov/news-events/alerts
- 32nfpa.org/codes-and-standards/all-codes-and-standards/list-of-codes-and-standards/detail?code=70E
- 33osha.gov/laws-regs/regulations/standardnumber/1910/1910.119
- 34dhs.gov/publication/critical-infrastructure-security-and-resilience
- 35iso.org/news/ref2525.html
- 36iso.org/news/ref2764.html
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