Press release
Factory Automation Market: In Pandemic situation Government adopting automation
Factory automation involves a set of technologies and control devices that enhance productivity, as well as the quality of products, while decrease the production cost. Factory automation regulates industrial processes and guarantees consistent, superior-quality results, which in turn has helped it to gain high demand in various industries for qualitative manufacturing. Moreover, it fulfils the demand of mass production in industries attributing to its features such as improved quality, minimal human intervention, and lesser labor expenses, which result in least overall operational cost.The major factor that is boosting the growth of the factory automation market is the adoption of IoT and constant improvement in industrial robotics. In addition, demand for safety compliance automation products is further expected to provide significant growth opportunities for the factory automation market in the near future. However, significant capital investments for establishing an error-free automation system is anticipated to pose a big challenge in the growth of the factory automation market.
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The Prominent/Emerging Players in the Factory Automation Market Research include:
- ABB Ltd.
- Emerson Electric Company
- Fanuc Corporation
- GE Company
- Honeywell International Inc.
- Mitsubishi Electric Corporation
- Omron Corporation
- Robert Bosch GmbH
- Rockwell Automation, Inc.
- Siemens AG
The "Global Factory automation Market Analysis to 2027" is a specialized and in-depth study of the factory automation industry with a special focus on the global market trend analysis. The report aims to provide an overview of factory automation market with detailed market segmentation by product, type, technology, industry vertical, and geography. The global factory automation market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading factory automation market players and offers key trends and opportunities in the market.
Global Factory automation Market Segmentation:
Factory automation Market - by Type
- Programmable Automation
- Fixed Automation
- Integrated Automation
- Flexible Automation
Factory automation Market - by Product
- Sensors
- Controllers
- Industrial
- Robots
- Drives
Factory automation Market - by Technology
- Programmable Logic Controller (PLC)
- Distributed Control System (DCS)
- Supervisory Control and Data Acquisition System (SCADA)
- Human Machine Interface (HMI)
Factory automation Market - by Industry Vertical
- Automotive
- Food and Beverage
- Oil and Gas
- Manufacturing
- Mining
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Key Elements that the report acknowledges:
- Market size and growth rate during forecast period.
- Key factors driving the Factory Automation Market.
- Key market trends cracking up the growth of the Factory Automation Market.
- Challenges to market growth.
- Key vendors of Factory Automation Market.
- Detailed SWOT analysis.
- Opportunities and threats faces by the existing vendors in Global Factory Automation Market.
- Trending factors influencing the market in the geographical regions.
- Strategic initiatives focusing the leading vendors.
- PEST analysis of the market in the five major regions.
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About The Insight Partners
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Chemical, Food, Automotive and Defence.
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