Press release
Smart Factory Market 2021-2027 skyrocketed revenue with key players Siemens AG, ABB Ltd., Honeywell International, Inc., Yokogawa Electric Corp., General Electric Company
Latest research on Smart Factory Market report covers forecast and analysis on a worldwide, regional and country level. The study provides historical information of 2016-2020 together with a forecast from 2021 to 2027 supported by both volume and revenue (USD million). The entire study covers the key drivers and restraints for the Smart Factory market. this report included a special section on the Impact of COVID19. Also, Smart Factory Market (By major Key Players, By Types, By Applications, and Leading Regions) Segment’s outlook, Business assessment, Competition scenario and Trends. The report also gives 360-degree overview of the competitive landscape of the Smart Factory industry.The Smart Factory market is expected to register a CAGR of 9.40% over the forecast period (2021 - 2027).
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Top Companies in the Global Smart Factory Market: –
Siemens AG, ABB Ltd., Honeywell International, Inc., Yokogawa Electric Corp., General Electric Company, Emerson Electric Company, Schnieder Electric, Atos SE, Rockwell Automation Inc., Robert Bosch GmbH
Industry News And Development:
- October 2020 - Rockwell Automation, Inc. acquired Oylo, a privately-held industrial cybersecurity services provider based in Barcelona, Spain. Oylo provides a broad range of industrial control system (ICS) cybersecurity services and solutions, including assessments, turnkey implementations, managed services, and incident response.
- June 2020 - Schneider Electric, announced the expansion of its partnerships to address the convergence of IT and OT. Bringing together system integrators with IT solution providers to build integrated industrial edge computing solutions, the expanded partnerships resulted in the immediate release of three programs including: new reference designs, co-developed with AVEVA, and integrating solutions from Lenovo and Stratus; a learning path for system integrators; and a collaborative online community for learning and sharing opportunities within Schneider Electric Exchange.
Market Scope:
- The term smart factory refers to the various fully integrated automation solutions adopted for manufacturing facilities. Such integration helps in streamlining the material flow during all the processes involved in the manufacturing, thus enabling effective movement of materials across the factory floor.
- The adoption of smart systems can reduce the need for human labor, particularly in challenging environments. Quality control processes have historically relied on human intervention, but a greater availability of these smart factory systems, with more user-friendly controls, is expected to gain popularity in complex manufacturing settings.
- Coupled with the Industrial Internet of Things (IIoT) and smart factories, where industrial devices are connected to each other via the internet, the sheer volume of real-time data (Big Data) would create means for Industry 4.0 to bring about a massive change, in the way modern-day control systems function.
Global Smart Factory Market Segmentation by Types:
Process Manufacturing
Discrete Manufacturing
Others
Global Smart Factory Market Segmentation by Applications:
Automobile and Transportation
Food and Beverage
Electrical and Electronics
Chemical and Material
Oil and Gas
Others
Regional Analysis:
Furthermore, to broaden the understanding, researchers have studied the global Smart Factory market from a geographical point of view, considering the potential regions and countries. The regional analysis will assist the market players in making sound decisions regarding their future investments.
Smart Factory Market report includes the following geographic areas such as North America, Europe, China, Japan, Southeast Asia, India and ROW.
Browse Full Report at:
https://www.marketinsightsreports.com/reports/01252562294/global-smart-factory-market-research-report-2021?Mode=130
Following are major Table of Content of Smart Factory Industry:
Smart Factory Market Sales Overview.
Smart Factory Market Sales Competition by Manufacturers.
Smart Factory Market Sales Analysis by Region.
Smart Factory Market Sales Analysis by Type.
Smart Factory Market Analysis by Application.
Smart Factory Market -Manufacturers Analysis.
Reasons to Invest:
Market Size Forecasts: The authors of the report have provided accurate estimation of the global Smart Factory market size based on value and volume
Market Trend Analysis: This section of the report throws light on the approaching trends and developments in the global Smart Factory market
Future Prospects: The report here offers crucial information on the rewarding opportunities in the global Smart Factory market
This allows an understanding of the market and benefits from any lucrative opportunities that are available. Researchers have offered a comprehensive study of the existing market scenario while concentrating on the new business objectives. There is a detailed analysis of the change in customer requirements, customer preferences and the vendor landscape of the overall market.
Customization of the Report:
MarketInsightsReports provides customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.
Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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