Press release
Factory Automation Market to Reach USD 531.00 Bn by 2029, emerging at a CAGR of 8.9 percent and forecast 2023-2029
Factory Automation Market
The report provides a comprehensive analysis of the factory automation market, focusing on industry verticals such as automotive manufacturing, food & beverage, oil & gas processing, mining, and others (including pharmaceuticals, machinery, chemicals, fiber & textiles, infrastructure, plastics, water treatment, marine, and metals). Regional analysis spans North America, Asia-Pacific, Europe, South America, and the Middle East and Africa. The report offers valuable insights into strategies employed by key players to remain competitive and expand their market share. Notable companies in the factory automation industry include ABB Ltd., Mitsubishi Electric Factory Automation, Siemens AG, Honeywell International Incorporation, Emerson Electric Corporation, and Schneider Electric SA.
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Factory Automation Market Research Methodology:
A robust research methodology forms the cornerstone of the report, facilitating an in-depth examination of the drivers and restraints within the factory automation market. Key attributes such as control systems, efficiency, and resource optimization are meticulously scrutinized.
What are Factory Automation Market Dynamics:
Industrial automation is becoming more popular in a variety of industries as it mixes information technology with machines and systems to develop smart production infrastructure. It standardizes the production process, resulting in repeatable and consistent outputs with higher product quality. Furthermore, the adoption of factory automation has reduced human interference in industrial processes, resulting in fewer human errors and issues.
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Factory Automation Market Regional Insights:
North America leads the global factory automation market in terms of revenue, driven by substantial investments in the power and oil & gas sectors. The region's growth is further propelled by the increasing demand for automation and energy-efficient solutions, as well as the imperative to reduce resource wastage in various process industries. The presence of numerous network security organizations also contributes to the growth of the factory automation industry in this region.
Europe witnessed significant growth in the factory automation market in 2022, spurred by the rising demand for control systems in the oil & gas industry. The need for modernization in sectors such as oil & gas, water & wastewater, and power infrastructure has led to increased adoption of automation. Notably, automation plays a pivotal role in analyzing drilling grounds and maintaining drill speed in the oil & gas industry. However, the proliferation of cyber-attack threats in critical infrastructure poses a challenge to the growth of the factory automation market in Europe.
What is Factory Automation Market Segmentation:
by Control & Safety System
Distributed Control System (DCS)
Supervisory Control and Data Acquisition System (SCADA)
Manufacturing Execution System (MES)
Safety Instrumented System (SIS)
Programmable Logic Controller (PLC)
Human Machine Interface (HMI)
by Component
Sensor
Controller
Switch & Relay
Industrial Robot
Drive
Others
by Industry Vertical
Automotive Manufacturing
Food & Beverage
Oil & Gas Processing
Mining
Others
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Who are Factory Automation Market Key Players:
1. ABB Ltd
2. Emerson Electric Company
3. GE Company
4. Honeywell International Incorporation
5. Mitsubishi Electric Factory Automation
6. Omron Corporation
7. Rockwell Automation, Inc.
8. Schneider Electric SA
9. Siemens AG
10.Yokogawa Electric corporation
11.Kuka AG
12.Keyence Corporation
13.Fanuc Corporation
14.Bosch Rexroth
15.Fuji Electric Co., Ltd.
16.Endress+Hauser
17.Hitachi Ltd.
Table of content for the Factory Automation Market includes:
Factory Automation Market : Research Methodology
Factory Automation Market : Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3. Factory Automation Market : Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4.Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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