Press release
Smart Factory Market Will Touch a New Level of Development in Future by Top Companies– Siemens AG, General Electric, ABB, Rockwell Automation, Schneider Electric, Honeywell International, FANUC, Mitsubishi Electric, Emerson Electric, Yokogawa Electric
The smart factory is an automated plant with cyber-physical structures that can quickly transfer goods around the factory floor. The smart factory is an automated plant with cyber-physical structures that can quickly transfer goods around the factory floor. This advanced device has built-in computing codes that provide a solution for automation This advanced device has built-in computing codes that provide a solution for automation. This automation can be implemented within 60 days to streamline and monitor the flow of materials through the production facility. Smart Factory offers fast usage data models and factory-specific & MES(Manufacturing Execution System) templates. The market is driven by Industrial IoT (IIoT), business revolution, energy management significance, resource utilization, and cost reduction, rising demand for industrial robots, increasing real-time data analysis, enhanced visibility, and predictive maintenance.
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Major market player included in this report are:
Siemens AG
General Electric
ABB
Rockwell Automation
Schneider Electric
Honeywell International
FANUC
Mitsubishi Electric
Emerson Electric
Yokogawa Electric
The key players of global Smart factory market have adopted various strategies to gain competitive advantage including product launch, mergers and acquisition, partnerships and agreements, investment, funding and others. For instance, In May 2018, in collaboration with Temasek, Schneider Electric reached an agreement to acquire the Electrical & Automation business of Larsen & Toubro and merge it with its Low Voltage & Industrial Automation Products business in India. However, Requirement of a large amount of capital investment and risk associated with cyber-physical device security impedes the growth of the market over the forecast period of 2020-2027.
The regional analysis of global Smart Factory market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of Increasing Real-Time Data Analysis, Enhanced Visibility, and Predictive Maintenance. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as Industrial IoT (IIoT), business revolution, energy management significance, resource utilization, and cost reduction: rising demand for industrial robots, would create lucrative growth prospects for the Smart Factory market across Asia-Pacific region.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Component:
Industrial Robots
Machine Vision
Sensors
Industrial 3D Printing
By Solution:
SCADA (Supervisory Control and Data Acquisition)
PLC (Programmable Logic Controller)
DCS (Distributed Control System)
MES (Manufacturing Execution System)
PLM (Product Life Cycle Management)
ERP (Enterprise Resource Planning)
HMI (Human–Machine Interface)
PAM (Plant Asset Management)
By Industry:
Process Industries
Discrete Industries
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Smart Factory market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Contact Us:
Nehal Chinoy
Runwal Platinum,
Ramnagar Colony, Bavdhan,
Pune, Maharashtra, India-411021
IN +919881074592
info@qurateresearch.com
https://www.qurateresearch.com/
About Us:
Qurate Business Intelligence delivers unique market research solutions to its customers and help them to get equipped with refined information and market insights derived from reports. We are committed to providing best business services and easy processes to get the same. Qurate Business Intelligence considers themselves as strategic partners of their customers and always shows the keen level of interest to deliver quality.
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