Press release
Factory Automation Market Key Trends Analysis- ABB Ltd., Mitsubishi Electric Factory automation, Siemens, Honeywell International Incorporation, Emerson Electric Company
Factory Automation
The increasing demand for mass production in manufacturing industries is a major driving factor of the factory automation market, because factory automation ensures qualitative, reliable, and consistent results at a lower production cost. As factory automation reduces human intervention, it minimizes qualitative errors and labor cost. Furthermore, increasing adoption of Industry 4.0 and enabling technologies has supplemented the growth of the factory automation market. Moreover, increasing demand for automation in Asian countries, such as China and Japan, is expected to provide lucrative growth opportunities to the manufacturers in this region during the forecast period. However, limited availability of professionals and high investment associated with the implementation and maintenance of factory automation systems could hinder the market growth.
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The global factory automation market is segmented on the basis of control and safety system, component, industry vertical, and region. The control and safety segment is classified into the 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). Of these, the SCADA segment dominated the market by contributing the highest share in the global market. The projection is that SCADA will continue its leading position throughout the forecast period. Based on industry vertical, the factory automation market is categorized into automotive manufacturing, food & beverage, oil & gas processing, mining, and others. In 2017, the automotive manufacturing segment dominated the factory automation market because of increased expansion and investment in the automotive sector.
Geographically, the global factory automation market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Russia, and others), Asia-Pacific (China, India, Japan, and others), and LAMEA (Latin America, Middle East, and Africa). In 2017, Europe was the highest contributor in this market and is anticipated to retain the leading position during the forecast period, on account of the strong presence of key factory automation companies.
ABB Ltd., Mitsubishi Electric Factory automation, Siemens, Honeywell International Incorporation, Emerson Electric Company, and Schneider Electric SA are some of the leading key players of the global factory automation market.
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KEY BENEFITS FOR STAKEHOLDERS
The report provides an in-depth analysis of the current trends, drivers, and dynamics of the Factory Automation Market to elucidate the prevailing opportunities
It offers qualitative trends and quantitative analysis from 2016 to 2025 to assist stakeholders to understand the market scenario
In-depth analysis of the Factory Automation in locating the markets across various countries
Competitive intelligence of the industry highlights the business practices followed by key players across geographies as well as the prevailing market opportunities.
The key players are profiled along with their strategies & developments to understand the competitive outlook of the industry.
Factory Automation Market Key Segments:
OTHER PLAYERS: Kuka AG, Keyence Corporation, Fanuc Corporation, Bosch Rexroth, Fuji Electric Co., Ltd., Endress+Hauser AG, Hitachi Ltd.
By Control 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: Sensors, Controllers, Switches & Relays, Industrial Robots, Drives, Others
By End User: Automotive Manufacturing, Food & Beverage, Oil & Gas Processing, Mining, Others
By Country:
North America: U.S., Canada, Mexico
Europe: UK, Germany, France, Spain, Italy, Rest of Europe
Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
LAMEA: Chile, Israel, South Africa, Rest of LAMEA
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Table of content:
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: FACTORY AUTOMATION MARKET, BY FILTER TYPE
CHAPTER 5: FACTORY AUTOMATION MARKET, BY APPLICATION
CHAPTER 6: FACTORY AUTOMATION MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 7: FACTORY AUTOMATION MARKET, BY REGION
CHAPTER 8: COMPANY PROFILES
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