openPR Logo
Press release

Factory Automation Market Likely to Accrue a Sum of $368,372.4 Million, Globally, by 2025, by Top Key Players ABB Ltd., Mitsubishi Electric Factory Automation, Siemens AG, Honeywell International Incorporation, Emerson Electric Corporation, Schneider Elec

12-19-2018 06:05 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Factory Automation Market

Factory Automation Market

The factory automation market has widespread demand in Europe, owing to the presence of key factory automation companies in the region. Moreover, increased pace of digital transformation and rise in adoption of Industry 4.0 trend have fueled the demand for factory automation in Europe. Furthermore, developing economies in the Asia-Pacific and LAMEA regions are expected to witness rapid growth in the factory automation market during the forecast period, on account of factors such as supportive government policies, availability of cheap labor, and increased investment by key companies for business expansions.

Download PDF Report Sample @ https://www.alliedmarketresearch.com/request-sample/4695?utm_source=OPR

Allied Market Research’s report on “Factory Automation Market by Control and Safety System, Component, and Industry Verticals: Global Opportunity Analysis and Industry Forecast, 2017-2025,” states that the global factory automation market held a revenue of $190,882.2 million in 2017, and is expected to accrue a sum of $368,372.4 million by 2025, growing at a CAGR of 8.8% during the forecast period, 2018 - 2025.

The growth of the factory automation market is propelled by factors such as growing demand for mass production in manufacturing industries with reduced operational cost, and high adoption of Industry 4.0. Nevertheless, lack of professionals and awareness of security, increased cost for the implementation of factory automation systems, and limited inflow of funds act as restraints for the market growth. On the other hand, the growing demand for automation in Asian countries such as China and Japan is likely to offer lucrative growth opportunities for the industry growth.

Factory automation comprises a set of technologies and automatic control devices, which are used to enhance the productivity and quality of products and simultaneously decrease the production cost.

The supervisory control and data acquisition system (SCADA) segment accounted for the highest share of about 22.0% in the global market in 2017 and is expected to grow at a CAGR of 9.1% during the forecast period. Among the industry verticals, the automotive manufacturing sector is expected to be the leading revenue contributor in the coming years, owing to the increasing trend of automating processes to reduce human intervention, improve accuracy, reduce errors, and optimize redundant tasks. The industrial robots segment accounted for a major share of about 31.0% of the global market in 2017. The adoption of industrial robots has increased in in developing economies owing to factors such as rapid urbanization, technological advancements, availability of cheap labor, and low manufacturing costs.

Get Customized Report @ https://www.alliedmarketresearch.com/request-for-customization/4695?utm_source=OPR

Asia-Pacific is one of the fastest growing regions in the global factory automation market. It is expected to witness higher growth rate during the forecast period, owing to supportive government policies, increased investment by key companies for expansion of business, and low manufacturing & labor cost.

Prominent players, such as ABB Ltd., Mitsubishi Electric Factory Automation, Siemens AG, Honeywell International Incorporation, Emerson Electric Corporation, Schneider Electric SA, Omron Corporation, Rockwell Automation, Inc., GE Company, and Yokogawa Electric Corporation, have focused on developing new products and acquiring small businesses to sustain the competition and expand their market presence.

Key Findings of the Factory Automation Market:

• In 2017, the automotive manufacturing segment dominated the global factory automation market, in terms of revenue, and is projected to grow at a CAGR of 9.5% during the forecast period.
• The supervisory control and data acquisition system (SCADA) segment is projected to grow at a CAGR of 9.1% during the forecast period.
• Asia-Pacific is projected as one of the fastest growing markets for factory automation and is expected to witness significant growth rate in the near future.

Analyst Review:

Factory automation enhances the efficiency of the industrial and manufacturing process by ensuring superior-quality, consistent products while decreasing human intervention. Nowadays, increasing adoption of the Industry 4.0 trend and enabling technologies among companies has augmented the demand for factory automation. Moreover, the rise in demand for mass production with reduced operational cost acts as the major driver of the factory automation market. But, the limited availability of industry professionals and the higher investment associated with implementation of factory automation systems are major deterrents to this market.

The leading players in this market have adopted various strategies to sustain the market competition. Some have innovated new technologies and systems to expand the portfolio of the factory automation systems and have witnessed significant market growth. Some major players acquired small businesses and expanded their offerings; for instance, ABB acquired Bernecker & Rainer Industrie-Elektronik (B&R), a provider of open-architecture solutions and software for machine and factory automation, to counteract Siemens’ prowess in the industry.

Industrial control systems are interconnected to monitor, control, and perform various industrial tasks and automate processes. Asia-Pacific is expected to witness higher growth during the forecast period, because of the mushrooming of manufacturing industries in this region.

The key players in the global factory automation market include ABB Ltd., Mitsubishi Electric Factory Automation, Siemens, Honeywell International Incorporation, Emerson Electric Corporation, Schneider Electric SA, Omron Corporation, Rockwell Automation, Inc., GE Company, and Yokogawa Electric Corporation. Market players have implemented product launch and acquisition as their key developmental strategies to keep pace with the demands of end users. This enables companies to develop efficient products and multiply their sales across different geographies.

Access Full Summery @ https://www.alliedmarketresearch.com/factory-automation-market?utm_source=OPR

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1?855?550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Factory Automation Market Likely to Accrue a Sum of $368,372.4 Million, Globally, by 2025, by Top Key Players ABB Ltd., Mitsubishi Electric Factory Automation, Siemens AG, Honeywell International Incorporation, Emerson Electric Corporation, Schneider Elec here

News-ID: 1451355 • Views:

More Releases from Allied Market Research

Home Exercise Bike Market is expected to witness robust Compound Annual Growth Rate (CAGR) progress of 8.7% from 2021 to 2027.
Home Exercise Bike Market is expected to witness robust Compound Annual Growth R …
According to a new report published by Allied Market Research, titled, "Home Exercise Bike Market by Type, and Sales Channel: Opportunity Analysis and Industry Forecast, 2021-2027," The global home exercise bike market size was valued at $1,213.5 million in 2019, and is projected to reach $2,335.2 million by 2027, registering a CAGR of 8.7% from 2021 to 2027. The recumbent segment is expected to retain its dominant position, in terms
Rapidly expanding entertainment products industry is set to drive the growth of the $103.8 billion Toys market ; Ravensburger AG, Tomy Company, Ltd, Vtech Holdings, and Thames & Kosmos.
Rapidly expanding entertainment products industry is set to drive the growth of …
According to a new report published by Allied Market Research, titled, "Toys Market by Product Type, Age Group and Sales Channel: Opportunity Analysis and Industry Forecast, 2021-2027," the toys market size was $92.2 billion in 2019, and is projected reach $103.8 billion by 2027, registering a CAGR of 2.5% from 2021 to 2027. The increase in number of games bars, cafes and family entertainment centers worldwide is boosting the demand for
Global Home Beer Brewing Machine Market is expected to reach $25.4 million by the year 2030, as projected by Allied Market Research.
Global Home Beer Brewing Machine Market is expected to reach $25.4 million by th …
According to a new report published by Allied Market Research, titled, "home beer brewing machine market by product type, mechanism, and distribution channel: global opportunity analysis and industry forecast, 2021-2030," The global home beer brewing machine market size was valued at $19.1 million in 2020, and is projected to reach $25.4 million by 2030, registering a CAGR of 3.0% from 2021 to 2030. Request a report sample to gain comprehensive insights
Hospitality Robots Market is forecasted to grow at a Compound Annual Growth Rate (CAGR) of 25.5% through the year 2030, according to Allied Market Research.
Hospitality Robots Market is forecasted to grow at a Compound Annual Growth Rate …
According to a new report published by Allied Market Research, titled, "Hospitality Robots Market by Type, End User, Sales Channel and Region: Global Opportunity Analysis and Industry Forecast, 2021-2030," The global hospitality robots market size is expected to reach $3,083 million by 2030 at a CAGR of 25.5% from 2021 to 2030. Hospitality Robots Market by Type (Front Desk Robots, Delivery Robots, Cleaning Robots and Others) and end user (Hotels,

All 5 Releases


More Releases for Factory

Digital Factory Market Growing Technically Offers High Revenue Growth 2028 | Tha …
LOS ANGELES, United States: QY Research offers an encyclopedic study of the global Digital Factory market with holistic insights into vital factors and aspects that impact future market growth. The global Digital Factory market has been analyzed for the forecast period 2022-2028 and historical period 2017-2021. In order to help players to gain comprehensive understanding of the global Digital Factory market and its critical dynamics, the research study provides detailed qualitative
Factory Automation Market Future Assessment 2021-2027 : ABB Ltd., Mitsubishi Ele …
Allied Market Research published an exclusive report, titled, “Factory Automation Market by Control and Safety System (Distributed Control System (DCS), Supervisory Control and Data Acquisition System (SCADA), Manufacturing Execution System (MES), Safety Instrumented System (SIS), Programmable Logic Controllers (PLC), and Human Machine Interface (HMI)), Component (Sensor, Controllers, Switches & Relays, Industrial Robots, Drives, and Others), and Industry Vertical (Automotive Manufacturing, Food & Beverage, Oil & Gas Processing, Mining, and Others)
Dark Tea Revolutionary Trends (2020-2026) by Industry Statistics| Liming Tea Fac …
"The new report has been added by qyresearch.com to provide detailed insight into the global Dark Tea market. The study will help to get a better understanding about the Dark Tea industry competitors, a channel for the distribution, Dark Tea growth potential, potentially disruptive trends, Dark Tea industry product innovations, market size value/volume (regional/country level, Dark Tea industry segments), market share of top players/products. Due to the pandemic, we have included
Fermented Tea Market to witness remarkable growth By 2026| Menghai Tea Factory, …
"The new report has been added by qyresearch.com to provide detailed insight into the global Fermented Tea market. The study will help to get a better understanding about the Fermented Tea industry competitors, a channel for the distribution, Fermented Tea growth potential, potentially disruptive trends, Fermented Tea industry product innovations, market size value/volume (regional/country level, Fermented Tea industry segments), market share of top players/products. Due to the pandemic, we have included
Floor Factory Outlet PV
Floors are the most important part of any building and we all know why. First, we walk on it and second it brings out the look of a building. Ever visited a home or an office where you just entered and it gave you very positive vibes, it is because the floor of the place brings out the best gape. So, you see why flooring is important and what impact it
. A Quantitative SWOT analysis on Shellac Market 2026 : Key Players Profiled D. …
The Shellac Market is expected to increase more and rapidly, claims the latest report added by AMR. This report concentrates on the Shellac in global market, particularly in North America, Europe, Asia-Pacific, South America, Middle East & Africa. This report segregates the market based on manufacturers, regions, type, and application. Furthermore, the competing situation in different areas is described in the report to assist leading market players, new competitors, and stakeholders