The industrial automation and power electronics sectors are poised for significant growth in 2026. With a global industrial automation market expected to reach US$158 billion (AU$346 billion), and power electronics forecast to hit US$40 billion (AU$88 billion), the rapid evolution of these technologies is reshaping industries worldwide. In Australia, key sectors such as mining, manufacturing, and renewable energy are leading this transformation, driven by advancements in AI, power semiconductors like SiC and GaN, and the growing demand for more efficient and sustainable systems.
ABB's acquisition of Gamesa Electric's power electronics business strengthens its position in the renewable energy market, enabling it to offer a wider range of solutions and services to its customers.
