Factory Automation Market Overview:
Factory Automation Market Research provides a comprehensive overview of Factory Automation to provide a current understanding of the market and its features. The report also includes detailed information on forecasted statistics, significant advancements, and revenue.
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Factory Automation Market Scope:
The global Factory Automation market report provides statistics and analytical insights to give a comprehensive understanding of the market size, share, trend, growth, demand, market player and industry profile, opportunities, value chain, end-users, types, and applications. It also includes accessible opportunities in micro and macro markets for stakeholders to invest, as well as a detailed analysis of the competitive landscape and product offerings of major competitors.
The qualitative and quantitative data in the report help decision-makers identify market segments, regions, and variables that are likely to drive the Factory Automation market at a faster pace, as well as major opportunity areas. SWOT analysis, PESTLE analysis, and PORTER analysis have been used to provide an in-depth analysis of the Factory Automation market.
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Regional Analysis:
The research has been conducted on each regional Factory Automation market to determine its current and future growth potential. The Factory Automation market report covers all five regions and their country-specific distribution. Their market size and trends are also included in the Factory Automation report.
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Factory Automation Market Dynamics:
Factory automation is a set of technologies and automatic control devices that improve the production rate and quality of products, as well it controls industrial processes with least intervention of human and achieves superior performance than manual control. The factory automation market report analyses various types of factory automation systems and their applications in end-user industries. In addition, it covers various types of control and safety systems, which include distributed control system (DCS), supervisory control & data acquisition system (SCADA), manufacturing execution system (MES), safety instrumented system (SIS), programmable logic controller (PLC), and human machine interface (HMI). Based on component, it is segmented into sensor, controller, switch & relay, industrial robot, drive, and other (wireless component, remote terminal unit (RTU), I/O device, actuator, valve, and enclosure).
Factory Automation Market Segmentation:
by Control & Safety System
Distributed Control System (DCS)
Supervisory Control and Data Acquisition System (SCADA)
Manufacturing Execution System (MES)
Safety Instrumented System (SIS)
Programmable Logic Controller (PLC)
Human Machine Interface (HMI)
by Component
Sensor
Controller
Switch & Relay
Industrial Robot
Drive
Others
by Industry Vertical
Automotive Manufacturing
Food & Beverage
Oil & Gas Processing
Mining
Others
Based on Control & Safety System, Supervisory control & data acquisition (SCADA) dominated the factory automation market in 2022 and is expected to grow at a CAGR of 9.1% during the forecast period. Supervisory control & data acquisition (SCADA) is an industrial process automation system, which is used to collect data from instruments and equipment located at plants & remote sites. This system acquires & transmits data, and provides monitoring and control for process inputs and outputs.
Based on Component, Industrial Robots dominated the factory automation market in 2022 and is expected to grow at a CAGR of 6.4% during the forecast period. The demand for industrial robot is majorly observed in automobiles and heavy engineering industries. Moreover, increased need for smart production in non-conventional areas, such as microelectronics, has increased the demand for industrial robots. The heavy engineering sector is also responsible for the increased demand of industrial robot, to perform critical task in optimized time and maintaining safety at workplace.
Based on Industry Vertical, Automotive Manufacturing dominated the factory automation market in 2022 and is expected to grow at a CAGR of 9.5% during the forecast period. The demand for automation is on an increase in the automotive industry to perform repetitive and complex tasks. These tasks can be accomplished with the help of automation, obtaining cost-effective, reliable, and efficient results. Moreover, there is an increase in the demand for mass production to cater to the growth in population. Furthermore, various manufacturing and automotive industries focus on adoption of smart manufacturing systems and logistics systems to deal with growth in competition and to obtain safe, fast, and efficient production results.
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Factory Automation Market Key Players:
1. ABB Ltd
2. Emerson Electric Company
3. GE Company
4. Honeywell International Incorporation
5. Mitsubishi Electric Factory Automation
6. Omron Corporation
7. Rockwell Automation, Inc.
8. Schneider Electric SA
9. Siemens AG
10.Yokogawa Electric corporation
11.Kuka AG
12.Keyence Corporation
13.Fanuc Corporation
14.Bosch Rexroth
15.Fuji Electric Co., Ltd.
16.Endress+Hauser
17.Hitachi Ltd.
Key Questions answered in the Factory Automation Market Report are:
- What is the forecast period of the Factory Automation Market?
- What is the growth rate of the Factory Automation Market?
- What are the Factory Automation Market segments?
- Which region held the largest Factory Automation market share in 2022?
- What are the opportunities for the Factory Automation Market?
- What factors are affecting the Factory Automation market growth?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2023-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis of each segment and their sub-segments
- Landscape- Leading key players and other prominent key players.
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