Press release
Industry Controls and Factory Automation Market 2020 Covid-19 Impact on Global Trend, Segmentation and Opportunities Forecast To 2023
Industry Controls and Factory Automation Market
Market Analysis
The industrial automation market will grow at a healthy CAGR between the forecast period 2017- 2023, states the recent Market Research Future (MRFR) analysis. Industrial controls and factory automation system includes process control systems, networks and other forms of automation components which control physical assets as well as many processes. Industrial automation has wide applications in the process industry and discrete industry.
Various factors are propelling the Industry Controls and Factory Automation Market growth. According to the recent MRFR report, such factors include growing adoption in the manufacturing sector, increasing government initiatives, adoption in different industries, increasing use in connected enterprise, mass production to suffice the rising population, focus on industrial automation and optimum utilization of resources, growing population, and the initiatives by the government for the usage of industrial automation in different industries.
On the flip side, lack of awareness, absence of standardization, narrow geographical diversity, limited fund generation for reinvestment, and the ongoing COVID-19 pandemic are factors that may limit the global Industry Controls and Factory Automation market growth over the forecast period.
Key Players
Key contenders profiled in the global Industry Controls and Factory Automation market report include HP, Endress+Hauser, Wika, Stratasys, Dwyer, Fanuc, Omron, Honeywell, Yokogawa, Mitsubishi Electric Corporation, General Electric, Rockwell Automation, Emerson, Siemens, ABB, and Schneider Electric.
Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/1869
Market Segmentation
The MRFR report highlights an inclusive segmental analysis of the global Industry Controls and Factory Automation market based on component, solution, and end use.
By component, the global Industry Controls and Factory Automation market is segmented into industrial 3D printing, industrial PC, HMI, control valves, machine vision, and industrial robots. Of these, the industrial robots segment will lead the market over the forecast period.
By solution, the global Industry Controls and Factory Automation market is segmented into MES, PLM, PAM, DCS, PLC, and SCADA. Of these, SCADA segment will dominate the market over the forecast period.
By end use, the global Industry Controls and Factory Automation market is segmented into the process industry and discrete industry. The process industry is again segmented into power, food and beverage, mining and metals, pharmaceuticals, paper and pulp, oil and gas, chemicals, and others. The discrete industry is again segmented into medical devices, aerospace and defense, semiconductor and electronics, machine manufacturing, automotive, and others. Of these, the mining and metals industry will have a major share in the market over the forecast period.
Regional Analysis
By region, the Industry Controls and Factory Automation market covers the growth opportunities and recent trends across Europe, North America, the Asia Pacific (APAC), South America, and the Middle East and Africa (MEA). Of these, the APAC region will have the lions share in the market over the forecast period. Rise in utility, quick urbanization, rise in industrialization, growing concerns about energy conservation, growing need to offer uninterrupted electricity supply, growing adoption in India and China, rise in labor wages, and presence of a huge number of automobile manufacturing plants are adding to the global Industry Controls and Factory Automation market growth in the region.
In Europe, the global Industry Controls and Factory Automation market is predicted to have healthy growth over the forecast period for the extensive applications in the auto industry.
In North America, the global Industry Controls and Factory Automation market is predicted to have sound growth over the forecast period. Need to offer uninterrupted electricity supply, presence of high count of factory automation system providers, rising adoption in different industries to automate different processes, increasing focus on operational expenditure in the US over capital expenditure, and rising use of smart manufacturing that helps manufacturers to improve their production efficiency & decrease their operational expenditure are adding to the global Industry Controls and Factory Automation market growth in the region.
In South America and the MEA, the global Industry Controls and Factory Automation market is predicted to have steady growth over the forecast period.
Get Complete Report @ https://www.marketresearchfuture.com/reports/industry-controls-factory-automation-market-1869
Table Of Contents: Global Industry Controls and Factory Automation Market
Industry Controls and Factory Automation Market Research Report 2019-2023
Chapter 1: Industry Overview
Chapter 2: Industry Controls and Factory Automation Market International and Market Analysis
Chapter 3: Environment Analysis of Industry Controls and Factory Automation
Chapter 4: Analysis of Revenue by Classifications
Chapter 5: Analysis of Industry Controls and Factory Automation Market Revenue Market Status
Chapter 6: Analysis of Revenue by Regions and Applications
Chapter 7: Analysis of Industry Controls and Factory Automation Market Key Manufacturers
Chapter 8: Sales Price and Gross Margin Analysis
Get More Updates : https://www.linkedin.com/showcase/ict-mrfr/
Media Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Industry Controls and Factory Automation Market 2020 Covid-19 Impact on Global Trend, Segmentation and Opportunities Forecast To 2023 here
News-ID: 2216168 • Views: …
More Releases from Market Research Future (MRFR)
Tofu Market to Reach USD 2.7 Billion by 2032 at 9.01% CAGR Driven by Rising Plan …
The global tofu market is poised for substantial growth over the next decade, projected to reach an impressive valuation of USD 2.7 billion by 2032. This expansion reflects a compound annual growth rate (CAGR) of 9.01% from 2024 to 2032, fueled by a surge in consumer demand for plant-based foods and an evolving global food culture. As more consumers seek healthier and sustainable alternatives to animal-based protein sources, tofu has…
Plant-Based Food Ingredients Market to Hit USD 40.2 Billion by 2035 at 7.96% CAG …
The global plant-based food ingredients market is witnessing remarkable growth, propelled by an increasing shift in consumer preferences toward healthier and more sustainable food options. According to recent market research by Market Research Future, the market was valued at USD 16.03 billion in 2023 and is projected to reach an impressive USD 40.2 billion by 2035. This growth trajectory is expected to continue at a compound annual growth rate (CAGR)…
Semolina Market to Reach USD 2.57 Billion by 2032 at 2.31% CAGR, Driven by Healt …
The global semolina market is poised for steady growth over the coming decade, with its valuation expected to reach USD 2.57 billion by 2032. According to the latest Market Research Future analysis, the market was valued at USD 2.12 billion in 2023 and is projected to expand from USD 2.14 billion in 2024 to USD 2.57 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 2.31% during the…
Ginger Extract Market to Reach USD 2.18 Billion by 2034 at 5.4% CAGR Driven by D …
The global ginger extract market is poised for substantial growth in the coming decade, with a projected valuation of USD 2.18 billion by 2034. According to the latest analysis from Market Research Future, the market was valued at USD 1.29 billion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 5.4% from 2025 to 2034. This robust growth trajectory is largely fueled by increasing…
More Releases for Industry
Hydro Lubricants Market Size, Analysis, and Forecast Report 2018 to 2026(By Indu …
The rising demand for hydro lubricants from manufacturing sector is also multiplying at a faster rate, on the back of their competency in upgrading the service-life of machinery. The hydro lubricants market is primarily driven on account of its low-friction attributes, which makes it highly likely to outshine the synthetic variants. Moreover, the demand for hydro lubricants for machinery assemblies is on the rise, as they facilitate in minimizing…
Hydro Lubricants Market Insights, Trends & Future Development Status Recorded du …
The rising demand for hydro lubricants from manufacturing sector is also multiplying at a faster rate, on the back of their competency in upgrading the service-life of machinery. The hydro lubricants market is primarily driven on account of its low-friction attributes, which makes it highly likely to outshine the synthetic variants. Moreover, the demand for hydro lubricants for machinery assemblies is on the rise, as they facilitate in minimizing…
Global Pyrite Market 2019 | Applications: Jewelry Industry, Sulfur Compounds Ind …
The major factor driving the pyrite market is the rising demand of jewelry and sulfur compounds market. This report researches the worldwide Pyrite market size (value, capacity, production, and consumption) in key regions like North America, Europe, Asia Pacific (China, Japan) and other regions. This study categorizes the global Pyrite breakdown data by manufacturers, region, type, and application, also analyzes the market status, market share, growth rate, future trends, market…
Lipase Enzymes Market Future Forecast Indicates Impressive Growth Rate (Segmenta …
Market Outlook
Increased consumption of processed food and dairy products among consumers has fuelled the demand and supply of lipase enzymes over the years. Lipase is an enzyme that catalyzes the hydrolytic reaction of fats, and reduces the formation of glycerol and fatty acids in all living organisms. It plays a vital role in the process of digestion by transporting and processing the ester bonds in triglycerides. Due to the varied…
Big Bag Connection System Market Segmented By technology Automatic, Semi-Automat …
Global Big Bag Connection System Market: An Overview
The key advancement in automation encourages manufacturers to adopt smart systems to increase productivity and to facilitate timely production. Owing to the perception of consumers as well as manufacturers regarding health and hygiene of product, the big bag connection system market is anticipated to propel during the forecast period. Big bag connection system ensure dust -free docking of big bags and provide flexibility…
Europe Plastic Pallet Market Size, Shares, Forecast Report 2016 : Food Industry, …
This report studies sales (consumption) of Plastic Pallet in Europe market, especially in Germany, UK, France, Russia, Italy, Benelux and Spain, focuses on top players in these countries, with sales, price, revenue and market share for each player in these Countries, covering
ShangHai Pallet Plastic Industry Co., Ltd.
Shanghai Lika Plastic Manufacturing Co., Ltd.
Guangzhou Plastic Industrial Corporation Ltd
Shandong Liyang Plastic Molding Co.,Ltd
Xinding Plastic
ZheJiang Primacy Plastic Industry Co., Ltd
Shanghai Qinghao Plastic Pallet Manufacture…
