Press release
Industrial Control & Factory Automation Market is Estimated to Grow at a CAGR of 9.18% within the forecast period of 2023-2030: Cognitive Market Research
Industrial Control & Factory Automation Market is Estimated to Grow at a CAGR of 9.18% within the forecast period of 2023-2030
Industrial control & factory automation across the enterprise enables companies to optimize their operations by connecting plants, sites, facilities, and people. Factory automation is an outgrowth of digitization that has significantly improved the industrial sector. It also improves process efficiency by utilizing robots, computers, and other control systems to oversee a variety of complex tasks.
Summary:
• Global Industrial Control & Factory Automation Market is Estimated to Grow at a CAGR of 9.18% within the forecast period of 2023-2030.
• The increasing adoption of industrial automation across several sectors to ensure effective management of processes is the major driving factor for the growth of the industrial control & factory automation market.
To know more The Industrial Control & Factory Automation Market statistics click here: https://www.cognitivemarketresearch.com/industrial-control-and-factory-automation-market-report
Market Dynamics:
The increasing adoption of industrial automation across several sectors to ensure effective management of processes and rapid industrialization are the main driving factors responsible for the growth of the global industrial control & factory automation market. Industrial automation products use various control systems, such as information technologies, robots, and tools for handling various types of machinery and processes used in several industries. Additionally, rising demand for automation products in factories for effectively minimizing production costs and improving the quality of products is another factor that boosts the market growth during the forecast period. However, the automated control machines can costliest operating costs for a company and may obstruct the growth of the global industrial control & factory automation market in the near future. Further, the future of industrial control & factory automation belongs to nanotech, wireless technology, and complex adaptive systems. This is expected to create new opportunities for the industrial control & factory automation market during the forecast period.
Market Segementation:
Type:
• Field Devices
• Machine Vision
• Sensors
• Motion & Drives
• Relays & Switches
• Industrial Control Systems
• Manufacturing Execution Systems (MES)
Application:
• Power
• Textile
• Automotive
• Chemical
• Printing And Packaging
Competitive Analysis for Industrial Control & Factory Automation Market:
Ametek Inc., Bosch Automation, Emerson, Honeywell International, Mitsubishi Corporation, National Instrument Corporation, Schneider Electric, General Electric Co, Siemens Ag, Yokogawa Electric Corporation
Get free sample pages of latest published Industrial Control & Factory Automation Market Report: https://www.cognitivemarketresearch.com/industrial-control-and-factory-automation-market-report
North America accounted for the largest share of the industrial control & factory automation market:
North America accounted for relatively the largest share of the industrial control & factory automation market. The market demand is growing in the region due to the increasing adoption of advanced technologies, rapid industrialization, and the presence of leading automation companies in the U.S. American factories can produce high-quality products at large scale, resulting in competitive prices and healthy profit margins for the brands that bring their products to market.
News:
Bosch Rexroth opened new factory automation Customer Innovation Center
In December 2022; Bosch opened a new customer innovation center near Texas. The facility has provided a unique technology development experience for Bosch Rexroth's factory automation customers from multiple industry sectors, including electric vehicle manufacturing, battery production, consumer goods, and semiconductor manufacturing. The new innovation center is the latest in a series of expansions and investments by Bosch Rexroth in North America, including a new facility in Queretaro, Mexico, and an expansion in Charlotte, North Carolina.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Industrial Control and Factory Automation Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Industrial Control and Factory Automation Market Segmentation
1.5.1 Industrial Control and Factory Automation Market Regional Fragmentation
1.5.1 Industrial Control and Factory Automation Market Players
• 1.6 Report Duration
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Industrial Control and Factory Automation Market
• 3.1 Global Industrial Control and Factory Automation Market Size 2018 - 2030, (USD Million)
• 3.2 Global Industrial Control and Factory Automation Market Statistics 2022: Snapshot
Chapter 4 Global Industrial Control and Factory Automation Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Industrial Control and Factory Automation Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Industrial Control and Factory Automation Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Industrial Control and Factory Automation Market Regional Analysis
Chapter 11 North America Industrial Control and Factory Automation Market Outlook (2018 - 2030)
Chapter 12 Europe Industrial Control and Factory Automation Market Outlook (2018 - 2030)
Chapter 13 Asia Pacific Industrial Control and Factory Automation Market Outlook (2018 - 2030)
Chapter 14 Latin America Industrial Control and Factory Automation Market Outlook (2018 - 2030)
Chapter 15 Middle East and Africa Industrial Control and Factory Automation Market Outlook (2018 - 2030)
Chapter 16 Research Findings
To know more Industrial Control & Factory Automation Market TOC click here: https://www.cognitivemarketresearch.com/industrial-control-and-factory-automation-market-report#table_of_contents
Related Report:
• Industrial Wireless In Factory Automation Market- https://www.cognitivemarketresearch.com/industrial-wireless-in-factory-automation-market-report
• Industrial Controls And Robotics Market- https://www.cognitivemarketresearch.com/industrial-controls-and-robotics-market-report
• Industrial Control Transformer Market- https://www.cognitivemarketresearch.com/industrial-control-transformer-market-report
• Discrete Industrial Control And Factory Automation Market- https://www.cognitivemarketresearch.com/discrete-industrial-control-and-factory-automation-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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