The Canadian industrial automation market is expected to grow at a CAGR of 8.5% from 2023 to 2026, driven by increasing demand for industrial robots and control systems.
Statistics Canada reports that the industrial automation market in Canada was valued at CAD 4.5 billion in 2022, with the largest share held by the manufacturing sector.
The Canadian industrial automation market share by product is led by programmable logic controllers (PLCs), followed by human-machine interfaces (HMIs) and industrial robots.
The IEEE reports that the Canadian industrial automation market is driven by the increasing adoption of Industry 4.0 technologies, such as artificial intelligence and the Internet of Things (IoT).
The Canadian industrial automation market is expected to reach CAD 7.3 billion by 2026, driven by the growing demand for automation solutions in the oil and gas, and food and beverage sectors.
According to a recent report, the Canadian industrial automation market share by product is expected to be dominated by industrial robots, accounting for over 30% of the total market share by 2026.
The Canadian industrial automation market is highly competitive, with key players such as Siemens, Rockwell Automation, and ABB, offering a wide range of automation solutions.
The Government of Canada offers various programs and initiatives to support the adoption of industrial automation solutions by Canadian manufacturers, including funding and tax incentives.