Factory Automation Market Size, Share | Global Trends 2028

The factory automation market size is expected to reach US$ 249.29 billion by 2028; registering at a CAGR of 8.2% from 2022 to 2028, according to a new research study conducted by The Insight Partners. Key factors attributing towards the growth of factory automation market size includes the country's manufacturing and industrial sectors and their contributors to the Brazilian economy. Major industries in Brazil include metal & mining, chemical, automotive, food & beverages, and electronics. Brazil is the world's second-largest exporter of manufactured food and beverages. In 2019, the food retail sector in the country saw a total revenue of US$ 96 billion (BRL 378.3 billion), the largest in Latin America and the fifth largest in the world.

Growing manufacturing industry in South American economies is projected to boost the factory automation market growth

In addition, in 2019, the food & beverages industry grew 6.7%, rising to 12.8% in 2020, thus, accounting for 10.5% of the country's total GDP. Also, the Brazilian government is adopting initiatives and policies to support the development of smart factories. In April 2019, Brazil launched an Industry 4.0 chamber to outline and offer intelligent industries and advanced manufacturing policies in the country. Such government initiatives help generate the demand for factory automation solutions.

The List of Companies - Factory Automation Market
• ABB Ltd.
• Emerson Electric Co.
• Fanuc Corporation
• General Electric Company
• Mitsubishi Electric Corporation
• Honeywell International Inc.
• OMRON Corporation
• Rockwell Automation, Inc.
• Siemens AG
• Bosch Rexroth AG

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(Our SAMPLE COPY of the report offers a quick advent to the Study report outlook, TOC, a listing of tables and figures, Analysis on Competitors of the market, and comprising key regions, also include COVID-19 impact Analysis)

Impact of COVID-19:
The COVID-19 pandemic substantially hampered industries in Europe. The pandemic triggered unprecedented policy responses across European countries that hit the region's economic growth during the Q2 and Q3 of 2020. This resulted in disruptions in multiple supply chains across various European industries due to lockdowns imposed by the European Union (EU) members to curb the spread of the virus, further leading to a loss of revenue for many large and small enterprises operating in Europe. These disruptions in the supply chain halted the manufacturing processes of automation solutions. For instance, the pandemic severally impacted the business of Siemens, for example, customers cancelled orders or postponed investments, which exposed the company to increased default risk, and their supply chain experienced difficulties in certain areas. However, due to the labour shortage various nonautomotive industry like electronics and metals & machinery showed positive approach in the adoption of automation solutions like robots and sensors.

Advantage of requesting Sample PDF Report Before purchase to know about:
• To part the breakdown information by districts, type, makers, and applications.
• To break down and research the worldwide Factory Automation status and future figure, including, creation, income, utilization, recorded, and conjecture.
• To distinguish huge patterns, drivers, impact factors in worldwide and locales.
• To introduce the key Factory Automation makers, creation, income, piece of the pie, and ongoing turn of events.
• To investigate serious advancements, for example, extensions, arrangements, new item dispatches, and acquisitions on the lookout.
• To investigate the worldwide and key districts market potential and preferred position, opportunity, and challenge, limitations, and dangers.

Our Research Analyses Some Key Points for your Research Study:- Market Research Report, Industry Business Outlook, Revenue, Trends, Industry Business Outlook, Revenue, Comprehensive Analysis, Development Strategy, Future Plans and Industry Growth, Potential growth, attractive valuation, increasing demand with Industry Professionals, innovations, CAPEX cycle and the dynamic structure, increasing demand, gross profits, operating income, COGS, EBITDA, sales volume, product offerings, company landscape analysis, key strategic moves, key recent developments, and technological roadmap

Major Product Type of Factory Automation Market Research report:
• Programmable Automation
• Fixed Automation
• Flexible Automation

Technology Factory Automation Market Research Report:
• Programmable Logic Controller (PLC)
• istributed Control System (DCS)
• Supervisory Control and Data Acquisition System (SCADA)

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Key Industry Insights
This Market report is a wide audit that incorporates an itemized review of the Factory Automation business. The report clarifies kind of Factory Automation and application in various verticals of the market with respect to different nations and key areas. The examination has recorded and assessed all the central members in the worldwide Factory Automation market and analyzed them based on various measurements, for example, yearly deals shipments volume, verifiable development rates, market income, and promoting techniques. Based on every one of these discoveries, the worldwide Factory Automation industry study report proposes key intends to improve market positions for existing business sector members.

This Study Report Offers Following Objectives:
1. Conjecture and examination of the worldwide Factory Automation market deals, share, worth, status and figure 2028.
2. Break down the local just as nation level portions, share development for Global Factory Automation Market.
3. Investigation of Global Factory Automation industry-driving makers/players.
4. Characterize and investigate the market rivalry scene, SWOT examination.
5. Estimates and investigation of the portions, sub-sections and the provincial business sectors dependent on last of 5 years market history.
6. Examination of the Factory Automation market by Type, by Application/end clients and district insightful.
7. Estimate and investigation of the Global Factory Automation Market Trends, Drivers, Investment Opportunities, Openings, Risk, Difficulties, and suggestions.
8. Investigate the critical driving elements, patterns which confine market development.
9. Portray the partner's chances in the market by recognizing the high development fragments.

Top Points Covered in the Global Factory Automation Market:
• Industry Overview of Global Factory Automation Market;
• Classification, Specifications and Definition of Factory Automation Market Segment by Regions;
• Process and Structure
• Research Findings/Conclusion, Factory Automation deals channel, traders, distributors, dealer's analysis;
• Complete Market Research, Capacity, Sales and Sales Price Analysis with Company Segment;
• Analysis of Regional Market that contains the United States, Europe, India, China, Japan, Korea & Taiwan;
• Factory Automation Market Analysis by Major Players, The Factory Automation Segment Market Analysis (by Type) and (by Application);
• Regional Market Trend Analysis, Market Trend by Product Type and by Application:
• Supply Chain Analysis, Regional Marketing Type Analysis, Global Trade Type Analysis;
• The Global Factory Automation industry consumers Analysis;
• Appendix and data source of Factory Automation market.

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