Global Industrial Control and Factory Automation Market worth USD 253.34 billion by 2025

Global Industrial Control and Factory Automation Market Overview:

The Global Industrial Control and Factory Automation Market was worth at USD 145.51 billion in 2016 and is expected to grow at a CAGR of 6.35%, to attain USD 253.34 billion by way of 2025.

The development of the industrial control and factory automation market is because of the growing demand for automation and implementation of industry 4.0 in manufacturing industries. Automation assists in reducing costs, standardizing manufacturing, ensuring product quality, monitoring production, reducing waste, and ensuring fast production, as well as providing flexible and reliable solutions in manufacturing plants. The study provides a comprehensive view of the industrial control and factory automation market, by segmenting it by technology, by component, by end-user and regional demand.

The research methodology used to measure and forecast the industrial control and factory automation market activates with capturing data on the revenue of the key merchants through secondary research through sources such as Automation Industry Association (AIA), International Federation of Robotics (IFR) and IEEE Robotics and Automation Society (RAS). The vendor contributions are also taken into consideration to define the market segmentation.

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Drivers and Restraints:
The rising adoption of automation in industry verticals creates a huge demand of this market. Industries such as metal, automotive, food processing and packaging and material handling greatly benefit from wireless technologies. Hence, wireless plays a main role in processing plants and factories. Extensive use of industries robotics and their continuous innovation leads to increase market growth opportunity for industrial control and factory automation.

Geographic Segmentation:
On the basis of geography, Global Industrial Control and Factory Automation Market has been segmented into various areas like Europe, North America, Asia pacific and Rest of the world. Global Industrial Control and Factory Automation Market has been mainly dominated by North America, followed by Europe. The major companies which are Global Industrial Control and Factory Automation Market such as Robert Bosch GmbH, ABB Ltd., Siemens A.G, Honeywell International Inc., Autodesk Inc. and others.

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Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

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