Factory Automation Market was valued at USD 292.35 Billion in 2022, and is expected to reach USD 531.00 Billion by 2029, exhibiting a CAGR of 8.9 % during the forecast period (2023-2029)
Factory Automation Market Overview:
Maximize Market Research, a leading market research firm, has recently released a comprehensive market intelligence report highlighting the robust growth anticipated in the Factory Automation market during the forecast period. The report delves into the key drivers of growth, significant challenges, upcoming opportunities, and prevailing market dynamics, offering valuable insights into the global market landscape. Regional and segment-specific market sizes are thoroughly analyzed, providing stakeholders with a holistic view of the industry.
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Factory Automation Market Report Scope and Research Methodology:
The automotive, food and beverage, oil and gas, mining, and other industry verticals (pharmaceutical, machinery, chemical, fiber & textile, infrastructure, plastic, water treatment, marine, and metal) are the divisions of the industry verticals. The factory automation market is examined in North America, Asia-Pacific, Europe, South America, the Middle East, and Africa based on geographic factors.
Factory Automation Maket Dynamics:
The primary drivers of the factory automation market are the industry players’ focus on improving manufacturing process efficiency in order to achieve low costs and high-quality production results. Furthermore, as factory automation addresses the quality control problem associated with mass production, the demand for factory automation rises along with the need for mass production in the manufacturing industries.
Factory Automation Market Regional Insights:
The report provides a detailed explanation of factors influencing market size, growth rates, and import-export dynamics across key regions, including:
- North America
- Europe
- Asia Pacific
- Latin America
- the Middle East and Africa
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
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.
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Factory Automation Market Key Questions Addressed:
The report addresses crucial questions in the Factory Automation market, such as:
- Anticipated market size by the end of the forecast period
- Recent industry trends for generating additional revenue streams
- Lucrative opportunities fueling market growth
- Regulatory authority interventions shaping the market
- Growth strategies employed by players to enhance market presence
- Dominating region’s market size
Factory Automation Market Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and Price Curve by Region (2018 to 2021)
- Market Size, Share, Size & Forecast by Different Segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – Detailed Analysis by Segments and Sub-segments
- Competitive Landscape – Profiles of Selected Key Players
- Market Leaders, Market Followers, Regional Player
- Competitive Benchmarking of Key Players by Region
- PESTLE Analysis
- PORTER’s Analysis
- Value Chain and Supply Chain Analysis
- Legal Aspects of Business by Region
- Lucrative Business Opportunities with SWOT Analysis
- Recommendations
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About Maximize Market Research:
Maximize Market Research is a versatile market research and consulting company, serving various industries, including medical devices, pharmaceuticals, science and engineering, electronic components, industrial equipment, technology and communication, automobiles, chemical products, beverages, personal care, and automated systems. The firm provides market-verified estimations, technical trend analyses, strategic advice, competition analysis, production and demand insights, and client impact studies.
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