Smart Factory Market 2021 Latest Developments and Outlook - Siemens AG, ABB Ltd., Honeywell International, Inc., Yokogawa Electric Corp., General Electric Company

Global Smart Factory Market Size, Status and Forecast 2021

The Global Smart Factory Market Research Report 2021-2027 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The smart factory market size is projected to reach USD 134.9 billion by 2026 from an estimated USD 80.1 billion in 2021, at a CAGR of 10.0% from 2021 to 2027.

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Market Segmentation:

Key Players:
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 and others.

Segment by Types:
Process Manufacturing

Discrete Manufacturing

Others

Segment by Applications:
Automobile and transportation

Food and beverage

Electrical and electronics

Chemical and material

Oil and Gas

Others

Regional Insights

The APAC smart factory is projected to grow at the highest CAGR, driven by the increasing adoption of automation technologies across industrial sectors in China and India. Factory automation is increasing in China, due to high labor wages and the presence of a large number of automotive manufacturing plants. Growing population, rising standards of living, and developing economies have led to the rising demand for energy. It is estimated that APAC could drive approximately 65% of the global energy demand by 2035, with China and India collectively expected to fulfill 40% of the demand. Oil and gas companies in North America and Europe have started investing in APAC to fulfill the growing energy demand. The increasing energy demand would lead to the development of the energy sector, including oil & gas and power industries. This, in turn, would generate demand for automation products in the APAC region.

Key Highlights of the Report

– Quantitative market information and forecasts for the global Smart Factory industry, segmented by type, end-use, and geographic region.

– Expert analysis of the key technological, demographic, economic, and regulatory factors driving growth in the Smart Factory to 2027.

– Market opportunities and recommendations for new investments.

– Growth prospects among the emerging nations through 2027.          

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There are 13 Sections to show the global Smart Factory market:

Chapter 1: Market Overview, Drivers, Restraints and Opportunities, Segmentation overview
Chapter 2: Market competition by Manufacturers
Chapter 3: Production by Regions
Chapter 4: Consumption by Regions
Chapter 5: Production, By Types, Revenue and Market share by Types
Chapter 6: Consumption, By Applications, Market share (%) and Growth Rate by Applications
Chapter 7: Complete profiling and analysis of Manufacturers
Chapter 8: Manufacturing cost analysis, Raw materials analysis, Region-wise manufacturing expenses
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Market Forecast
Chapter 13: Smart Factory Market Research Findings and Conclusion, Appendix, methodology and data source

Finally, researchers throw light on the pinpoint analysis of Global Smart Factory Market dynamics. It also measures the sustainable trends and platforms which are the basic roots behind the market growth. The degree of competition is also measured in the research report. With the help of SWOT and Porter’s five analysis, the market has been deeply analyzed. It also helps to address the risk and challenges in front of the businesses. Furthermore, it offers extensive research on sales approaches.

Reasons for Buying this Smart Factory Market Report

* The analysis of industry trends offers a forward-looking perspective on the various factors that are driving or inhibiting market growth.

* The market report includes a five-year outlook based on how the market is expected to develop.

* It gives you a razor-sharp view of shifting competitive dynamics and keeps you one step ahead of the competition.

Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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Irfan Tamboli (Head of Sales) – Market Insights Reports
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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.

This release was published on openPR.