Press release
Factory Automation Market 2022 Competitive analysis- Siemens, Mitsubishi Electric, ABB, Emerson, Rockwell Automation, Schneider Electric, Keyence, Bosch Rexroth, Honeywell
Global Factory Automation Market 2022 is comprehensive research that provides information regarding Factory Automation market size, trends, growth, cost structure, capacity, revenue and forecast 2028. This report also includes the overall study of the Factory Automation Market share with all its aspects influencing the growth of the market. This report is exhaustive quantitative analyses of the Factory Automation industry and provides data for making strategies to increase Factory Automation market growth and effectiveness.The industrial control & factory automation market size is projected to reach USD 197.8 billion by 2026 from an estimated USD 133.1 billion in 2021, at a CAGR of 8.2% from 2021 to 2026.
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Top Key Players are: Siemens, Mitsubishi Electric, ABB, Emerson, Rockwell Automation, Schneider Electric, Keyence, Bosch Rexroth, Honeywell, Yokogawa Electric, Fuji Electric, KuKa, Inovance Group, General Electric
Recent Developments
In April 2021, WIKA launched the CTR3000 precision thermometer that provides a complete measurement and control interface for users wishing to make high-accuracy temperature measurements or calibrate thermometers. It supports a wide range of thermometer types, including 25 Ù SPRTs, 100 Ù PRTs, thermistors, and thermocouples. CTR3000 is a high accuracy measuring instrument designed for laboratory and industrial temperature measurements and calibration applications
In March 2021, GE Digital introduced enhancement in its CIMPLICITY and Tracker software that provide critical decision support for operators to make them more efficient. CIMPLICITY HMI/SCADA provides client-server visualization to precisely monitor and control operations. Tracker, part of GE Digital's Proficy Manufacturing Execution Systems (MES) offering, automates routing and sequencing to accelerate time to market, reduce warranty and recall exposure, and support lean operations.
In March 2021, ABB and ETH Zurich have expanded their partnership in robotics research as part of ETH's RobotX initiative. The RobotX initiative, launched in 2019, is intended to position ETH as a leader in robotics research institutions. The effort will be supported by ABB's Robotics and Discrete Automation business.
In March 2021, Stratasys partnered with Xometry to provide several new high-performance nylon material options to customers of Xometry's global custom manufacturing marketplace. Xometry's customer base of startups to Fortune 100 companies is now able to tap Stratasys Direct's deep expertise and substantial manufacturing capacity in SLS 3D printing.
In February 2021, Stratasys acquired UK-based RP Support Ltd. (RPS), a provider of industrial stereolithography 3D printers and solutions. RPS' complementary technology further expanded Stratasys' polymer suite of solutions across the product life cycle, from concept modeling to manufacturing. Stratasys will leverage its industry-leading go-to-market infrastructure to offer RPS' Neo line of systems to the global market with an expanded set of applications.
Market Overview:
Factory automation implies a set of technologies and automatic control devices to enhance the productivity and quality of products and simultaneously decrease the production cost. Also known as industrial automation, it minimizes human intervention in the industry and ensures a superior performance as compared to humans. It comprises the use of computers, robots, control systems, and information technologies to handle industrial processes. ABB Ltd., Mitsubishi Electric Factory Automation, Siemens, and Emerson Electric Company are some leading key players in the factory automation market.
This report segments the global Factory Automation market on the basis of Types are:
Control Systems
Measurement and Analytical Products
Switches and Safety Components
Industrial Robot
Others
On the basis of Application, the Global Factory Automation market is segmented into:
Oil and Gas
Power Industry
Automotive
General Manufacturing
Others
Regional Analysis:
For complete understanding of market dynamics, the global Factory Automation Market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India and others. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.
Key Offering of the Report:
-Major driving factors: A detailed study of determinants of the market factors, forthcoming opportunities, and challenges.
-Current market trends & forecasts: An in-depth analysis of the market including recent market trends and forecasts for the next few years that help to make an informed decision.
-Segmental Analysis: A detailed study of each segment along with driving factors and growth rate analysis of each segment.
-Geographical analysis: Insightful study of the market across various regions that enable market players to benefit from the market opportunities.
-Competitive landscape: A detailed study of major market players that are active in the electroluminescent display market.
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Reasons to Buy the Factory Automation Report:
-Upgrade your market research resources with this comprehensive and accurate report on the global Factory Automation market.
-Get complete understanding of general market scenarios and future market situations to prepare for rising above the challenges and ensuring strong growth.
-The report offers in-depth research and various tendencies of the global Factory Automation market.
-It provides detailed analysis of changing market trends, current and future technologies used, and various strategies adopted by leading players of the global Factory Automation market.
-It offers recommendations and advice for new entrants of the global Factory Automation market and carefully guides established players for further market growth.
-Apart from hottest technological advances in the global Factory Automation market, it brings to light the future plans of dominant players in the industry.
The research includes historic data from 2017 to 2022 and forecasts until 2028 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Customization services available with the report:
-15% Free customization.
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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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