The Factory Automation Market was valued at USD 318.37 Billion in 2023, and is expected to reach USD 578.26 Billion by 2030, exhibiting a CAGR of 8.9 % during the forecast period (2024-2030)
Factory Automation Market Overview:
Using both primary and secondary research methods, the Factory Automation Market report provides a thorough analysis of the global Factory Automation Market. This report will be very helpful to stakeholders and investors who are looking for information about the Factory Automation Market. It explores the dynamics of the market and offers a detailed analysis of local insights.
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Factory Automation Market Scope:
The research provides an analytical view of the business by studying several elements such as worldwide Factory Automation Market growth, consumption volume, market trends, and company pricing structures throughout the projected period. The analysis includes extensive research to explore the market’s complexities. The research provides an overview of the worldwide Factory Automation Market, including market characteristics, market segmentation analysis, market size, customer landscape, and geographical landscape. The study considers growth drivers, current trends, advancements, prospects, and the competitive environment in its research. This market has been examined in several areas based on productivity and manufacturing base.
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
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Factory Automation Market Key Players:
The following players are featured in this report:
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.
Regional Analysis:
The report has analyzed the global Factory Automation Market in the following regions:
- America, North (the United States, Canada, and Mexico)
• European Union (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
• Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
• Latin America (Brazil, Argentina, Colombia, and Rest of South America)
• Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East & Africa)
The research provides comprehensive insights into numerous development opportunities and challenges in the regions mentioned above based on various types of goods, applications, end-users, and countries, among others. The research also includes key features of the worldwide Factory Automation Market, such as sales growth, product price and analysis, growth potential, and suggestions for tackling market issues in the given regions.
COVID-19 Impact Analysis on Factory Automation Market:
COVID-19 is an unprecedented worldwide public health emergency that has impacted practically every business, and the long-term impacts are expected to have an influence on industry growth throughout the projection period. Our continuing study expands our research methodology to include fundamental COVID-19 concerns and potential next steps. The research provides insights on COVID-19 by taking into account changes in consumer behavior and demand, purchasing patterns, supply chain re-routing, the dynamics of contemporary market forces, and substantial government initiatives. The revised report contains insights, analysis, projections, and predictions based on the influence of COVID-19 on the market.
Key Questions Answered in the Factory Automation Market Report are:
- Which are the major companies in the Factory Automation Market?
- Which is the potential market for Factory Automation Market in terms of the region?
- Which application area of Factory Automation Market is expected to grow at a significant rate in the market in coming years?
- What are the opportunities for new market entrants?
- What will be the Factory Automation Market size by forecast period?
- What are the growth prospects for the Factory Automation Market?
- What is the base year considered in the Factory Automation Market report?
- Which region holds the largest market share in the Factory Automation Market?
- What factors are anticipated to drive the Factory Automation Market?
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