Factory Automation market Overview:
The Factory Automation market competitive landscape breaks out information by a rival. Corporate overview, financials, revenue produced, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application domination are all contained in the details. The data points presented above are only relevant to the firms’ emphasis on the Factory Automation market .
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Market Scope:
This Factory Automation market report discusses new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansion For more information on the Factory Automation market , please contact Maximize Market Research for an Analyst Brief; our experts will assist you in making an informed market choice to achieve market growth.
Market Dynamics: As it mixes information technology with machines and systems to create smart production infrastructure, industrial automation is becoming more and more in demand across a range of industries. It gives predictable & consistent results with enhanced product quality while standardising the manufacturing process. Additionally, the use of factory automation has decreased the amount of human involvement in industrial processes, which has reduced human error and associated issues.
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)
Supervisory control & data acquisition (SCADA), which dominated the factory automation market in 2022 according to Control & Safety System, is anticipated to expand at a CAGR of 9.1% throughout the course of the forecast year. An industrial process automation system called supervisory control and data acquisition (SCADA) is used to gather data from instruments and equipment at remote and in-plant locations. This system collects, transmits, and controls data as well as monitors and controls process inputs and outputs.
Additionally, it boosts productivity and profitability while lowering operating and maintenance expenses. Due to the rising need for SCADA systems in many industries, including manufacturing, pipeline monitoring & control, water treatment facilities & distribution, electrical power transmission & distribution, and others, the SCADA systems market is anticipated to rise.
by Component
Sensor
Controller
Switch & Relay
Industrial Robot
Drive
Others
Industrial Robots, which dominated the factory automation market in 2022 based on component, is anticipated to expand at a CAGR of 6.4% throughout the course of the forecast year. Industrial robot demand is mostly seen in the automotive and heavy engineering sectors. Also increasing demand for industrial robots is the requirement for smart production in unconventional fields like microelectronics. The need for industrial robots to execute crucial tasks quickly and safely at the workplace has increased, and this is due in part to the heavy engineering sector.
The manufacturing sector’s increased need for mass production, the elimination of customs charges, and the development of the robotics and artificial intelligence (AI) industries have all contributed to this rise in demand for robots. Additionally, the high product and implementation costs may restrain the expansion of.
by Industry Vertical
Automotive Manufacturing
Food & Beverage
Oil & Gas Processing
Mining
Others
According to Industry Vertical, the factory automation market was dominated by Automotive Manufacturing in 2022 and is anticipated to expand at a CAGR of 9.5% during the next five years. In the automobile sector, there is a growing need for automation to complete complicated and repetitive jobs. Automation can help with these activities, producing solutions that are affordable, dependable, and effective. In addition, there is a rise in the need for mass production to meet the needs of the expanding population. In order to deal with the growth in competition and to achieve safe, quick, and efficient production results, numerous manufacturing and automotive industries are concentrating on adopting smart manufacturing systems and logistics systems.
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Key Players: The following are the key players of the Factory Automation market –
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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Regional Analysis:
The region portion of the research also includes individual market affecting elements and changes in legislation in the market that affect present and future market trends. Data points such as downstream and upstream value chain analysis, technological trends and porter’s five forces analysis, and case studies are only a few of the indicators utilized to anticipate the market scenario for different nations.
COVID-19 Impact Analysis on Factory Automation market : The report also discusses how COVID-19 affected the Factory Automation market .
Key Questions Answered in the Factory Automation market Report are:
- What will be the CAGR of the Factory Automation market during the forecast period (2022-2029)?
- Which segment emerged as the leading segment in the Factory Automation market ?
- Which are the prominent players in the Factory Automation market ?
- What key trends are likely to emerge in the Factory Automation market in the forecast period?
- What will be the Factory Automation market size by 2029?
- Which company held the largest share in the Factory Automation market in 2020?
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