Factory Automation Market 2020 - 2030: Business Recovery Ideas and Experts Suggestions After COVID-19 Pandemic From Mitsubishi Electric Factory Automation, ABB Ltd., Honeywell International Incorporation, Siemens, Schneider Electric SA, Emerson Electric C
According to the report, the global factory automation market accounted for $203.98 billion in 2018 and is estimated to garner $368.37 billion by 2025, registering a CAGR of 8.8% from 2018 to 2025.
Key Benefits of Research:
The report provides a qualitative and quantitative analysis of the current Factory Automation Market trends, forecasts, and market size from 2020 to 2030 to determine the prevailing opportunities.
o Porter's Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
o Top impacting factors & major investment pockets are highlighted in the research.
o The major countries in each region are analyzed and their revenue contribution is mentioned.
o The market report also provides an understanding of the current position of the market players active in the industry.
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The global factory automation market is segmented into control systems, components, end user, and geography. On the basis of control systems, the market is divided into a 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). The SCADA segment dominated the market in 2018, contributing more than one-fifth of the market in 2018. However, the PLC segment is estimated to manifest the fastest CAGR of 9.4% during the forecast period.
Based on components, the market is divided into sensor, controllers, switches & relays, industrial robots, drives, and others. The industrial robots segment held the lion's share in 2018, contributing nearly one-third of the market. However, the drives segment is expected to register the fastest CAGR of 11.3% through 2025.
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On the basis of end user, the market is bifurcated into automotive manufacturing, food & beverage, oil & gas processing, mining, and others. The automotive manufacturing segment held the largest share in 2018, accounting for more than one-fourth of the market. However, the other segment is projected to portray the fastest CAGR of 9.9% during the forecast period.
The market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Europe held the largest share in 2018, accounting for more than one-third of the market. However, the market across LAMEA is expected to register the fastest CAGR of 10.4% during the forecast period.
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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.
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