Factory Automation Market Size, Share, Trends, Growth Factors and Global Leaders: Mitsubishi Electric, Yokogawa Electric, Siemens AG, ABB Ltd, Rockwell Automation, Honeywell International

Market Research Future published a research report on “Factory Automation Market Research Report- Global Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.

Market Highlights

The changing consumer market has built high need of deployment of technically advanced automation process in manufacturing and production process of an industry. Flexible production system with high end IT enabled process provides fast, and safe production process which is efficient, flexible, reliable and cost-effective solution. The economic pressure which affects performance and growth of an industry is the one of the factor behind utilizing factory automation process.

The automated manufacturing & production process offers high potential leverage for improving productivity and profits for industrial process thereby also reduce energy consumption and cost associated with the manufacturing process. Programmable controllers, PACs, industrial robots, process control system, PLM software and discrete sensors are some of the popular products deployed by industrialist to automate their manufacturing and production process. Industrial robots have the ability of producing high quality products with precision and can generate high return on investment for the investors and also bring safety on the workplace.

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The Factory Automation Market is growing rapidly over 8.59% of CAGR and is expected to reach at USD 240 billion by the end of forecast period 2022. Cost reduction, high efficiency in the process and ability to provide the overall information and initiate early stage development for the products are the major driving factors of this market.

Taste the market data and market information presented through more than 30 market data tables and figures spread over 90 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Factory Automation Market Research Report -Forecast to 2022”.

Key Players

The prominent players in the Factory Automation Market are - Siemens AG, ABB Ltd, Emerson Electric Corporation, Rockwell Automation, Honeywell International Inc., Schneider Electric, Rexroth Bosch Group, Mitsubishi Electric Corporation, Yokogawa Electric Corporation, and Omron Corporation.

Market Segmentation:

By type, the global factory automation market has been segmented into fixed automation, programmable automation, flexible automation, and integrated automation. Among these, the fixed automation segment is currently placed at the leading position in the global marketplace. Its valuation is poised to reach USD 120 Bn mark by the end of 2022.

By technology, the factory automation market has been segmented into Supervisory control and data acquisition (SCADA), Programmable Automation Controller (PAC), Programmable Logic Controller (PLC), Distributed Control System (DCS), and Human Machine Interface (HMI). The Supervisory control and data acquisition (SCADA) segment is anticipated to strike a CAGR of 10% over the assessment period.

By end-user industries, the global factory automation market has been segmented into manufacturing, automotive, packaging & processing, energy & power, semiconductor & electronics, printing & converting, and others. Among these, the manufacturing segment is likely to lead the market growth and scale a valuation of USD 50 Bn by 2022.

Regional Analysis:

The regional assessment of the global factory automation market covers four major regions, viz. Asia Pacific, North America, Europe and the Rest of the World (RoW). North America is likely to dominate the growth pattern of the market over the next few years. The ongoing trend of adoption of industrial robots in the U.S. is one of the major factors responsible for driving the expansion of the factory automation market in the region. Asia Pacific is a potential market for factory automation. Emerging economies such as China, Japan, etc. are anticipated to contribute significantly towards the development of the regional market in the years to come.

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Intended Audience

Process Automation and Instrumentation Manufacturers
Industrial Robot Manufacturers
MES (Manufacturing Execution System) and MOM (Manufacturing Operations Management) Players
System Integrators
Government Organizations
Research/Consultancy firms

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