Industrial Controls and Factory Automation Market Size | Share, Growth, Industry Analysis

The global Industrial Controls and Factory Automation market size is valued at 128000 million USD in 2020 is expected to reach 210250 million USD by the end of 2026, growing at a CAGR of 7.3% during 2021-2026.

Factory automation standardizes industrial processes and ensures consistent, superior-quality results; thus, it has high demand in industries for reliable, qualitative manufacturing.

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Moreover, it fulfils the demand of mass production in industries owing to its features such as minimal human intervention, improved quality, and lesser labor expenses, which culminate in minimum overall operational cost. The demand for factory automation has an additional boost due to the growing adoption of Industry 4.0 trend and IoT enabled smart technologies. However, the growth of factory automation is hindered due to high investment, limited availability of professionals, and inadequate awareness about security.

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Global Industrial Controls and Factory Automation Market: Drivers and Restrains

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and also about each type from 2015 to 2026. This section mentions the volume of production by region from 2015 to 2026. Pricing analysis is included in the report according to each type from the year 2015 to 2026, manufacturer from 2015 to 2020, region from 2015 to 2020, and global price from 2015 to 2026.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Market Segment Analysis

The research report includes specific segments by Type and by Application. Each type provides information about the production during the forecast period of 2015 to 2026. Application segment also provides consumption during the forecast period of 2015 to 2026. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type

Sensors
Controllers
Switches & Relays
Industrial Robots
Drives
Others

Segment by Application

Artificial Intelligence (AI)
Big Data Analytics
Industrial Cyber Security
Augmented Reality (AR) & Virtual Reality (VR)
Industrial Internet of Things (IIoT)
Condition Monitoring

Global Industrial Controls and Factory Automation Market: Regional Analysis

The report offers in-depth assessment of the growth and other aspects of the Industrial Controls and Factory Automation market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.

The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, production, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2015 to 2026. These analyses will help the reader to understand the potential worth of investment in a particular region.


Global Industrial Controls and Factory Automation Market: Competitive Landscape

This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and production by manufacturers during the forecast period of 2015 to 2019.

The major players in the market include ABB, Emerson, GE, Honeywell, Mitsubishi, Omron, Rockwell, Schneider Electric, Siemens, Yokogawa Electric, Kuka, Keyence, Fanuc, Bosch Rexroth, Fuji Electric, Endress+Hauser, Hitachi, etc.

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