Factory Automation & Industrial Controls Market 2021: Global Analysis of Key Manufacturers, Dynamics & Forecast 2027

The Factory Automation & Industrial Controls Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The global factory automation and industrial control system market was valued at USD 194.67 billion in 2020, and it is expected to reach USD 339.56 billion by 2026, registering a CAGR of approximately 9% during the forecast period (2021-2026). 

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Top Leading Companies of Global Factory Automation & Industrial Controls Market are - ABB, Emerson, GE, Honeywell, Mitsubishi, Omron, Rockwell, Siemens, Yokogawa, Kuka, Keyence, Fanuc, Bosch Rexroth, Fuji Electric, Endress+Hauser, Hitachi and others.

Industry News and Updates:

April 2021 - Google Cloud and Siemens collaborated to streamline production operations and boost shop floor efficiency. Siemens plans to integrate Google Cloud's top data cloud and artificial intelligence/machine learning (AI/ML) capabilities with its factory automation solutions to assist manufacturers in the manufacturing process.

March 2021 - GE Digital unveiled enhancements to its CIMPLICITY and Tracker software that provide critical decision support for operators to make them more efficient. A high-performance automation platform, CIMPLICITY HMI/SCADA provides client-server visualization to precisely monitor and control operations.

January 2021 - OMRON Corporation launched their i4 series SCARA robot. It features 15 kg payload capacity, LED lights, and EtherCAT communication, and it can automate assembly and transportation.

Market Overview:

The factory automation and industrial control is a rising trend in the manufacturing industry, which provides smart manufacturing infrastructure. Industrial control and factory automation facilitate cost efficiency, quality of production and standardize manufacturing, reliability, and flexibility in the process of manufacturing. Industrial control and factory automation offer a perfect mix of mechanical components and devices for the information technology market.

The leading players of the Factory Automation & Industrial Controls market, their market share, product portfolio, company profiles are covered in this report. The leading market players are analyzed on the basis of production volume, gross margin, market value, and price structure. The competitive market scenario among these players will help the industry aspirants in planning their strategies. The statistics offered in this report will be a precise and useful guide to shape the business growth.

On The Basis of Types:

Automotive

Aerospace and defense

Packaging

Chemical & Petrochemical

Utilities

Pharmaceuticals

Food & Beverages

Textile

Others

On The Basis of End Users/Applications:

Sensors

Controllers

Switches & Relays

Industrial Robots

Drives

Others

Regional Analysis:

China has led the industrial robot market, which has driven its way to factory automation in the region and is one of the leading manufacturing countries in the Asia-Pacific region and globally. The increase in shipment of industrial robots in the country and the adoption of various Industrial Control System software across the country facilitates factory automation at scale.

Despite China accounting for 25% of the world’s manufacturing activities, its manufacturing productivity is a mere one-fifth of that of the developed economies. Companies in the country are, thus, embracing Industry 4.0 to improve productivity.

The strong support of the government in the acquisition program has helped the country to move towards Industry 4.0. For instance, Siasun, a China-based industrial robot maker, has affiliations with the Chinese Academy of Sciences, which is further linked to the government.

Also, as most of the automation equipment is imported from Germany and Japan, the ‘Made in China’ initiative aims to expand the country's domestic production of automation hardware and equipment.

Influence of the Factory Automation & Industrial Controls market report:

-Comprehensive assessment of all opportunities and risk in the Factory Automation & Industrial Controls market.
-Factory Automation & Industrial Controls market recent innovations and major events.
-Detailed study of business strategies for growth of the Factory Automation & Industrial Controls market-leading players.
-Conclusive study about the growth plot of Factory Automation & Industrial Controls market for forthcoming years.
-In-depth understanding of Factory Automation & Industrial Controls market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Factory Automation & Industrial Controls market.

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The market factors explained in the report:

Market Overview: It includes Factory Automation & Industrial Controls Market study scope, top key players, segments, market analysis by application, market analysis by type, and other chapters that give an overview of the research study.

Executive Summary: The Factory Automation & Industrial Controls Market report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. The report helps clients to spot upcoming hot market trends. We also track possible impact and disruptions which a market would witness by a particular emerging trend. Our proactive analysis helps clients to have early mover advantage.

Key Players: This part of the Factory Automation & Industrial Controls Market report discusses expansion plans of companies, key mergers and acquisitions, funding and investment analysis, company establishment dates, revenues of manufacturers, and their areas served and manufacturing bases.

Market Forecast: Here, the report offers a complete forecast of the global Factory Automation & Industrial Controls Market by product, application, and region. It also offers global revenue forecasts for all years of the forecast period.

The research includes historic data from 2016 to 2020 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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