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
Our extensive report on the Factory Automation Market offers insights into a global and country-level revenue forecast. It delves into the latest industry trends within sub-segments, focusing on process standardization, cost reduction, quality enhancement, and efficiency gains. The report segments the market based on industry players' concentration on improving manufacturing processes for low-cost, high-quality production. It explores the surge in adoption of Industry 4.0 and enabling technologies, leading to a revolution in the manufacturing sector, driving the growth of factory automation.
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Factory Automation Market Research Methodology:
We employ a robust research methodology, encompassing primary and secondary sources. Our primary research involved industry professionals, including clinical development decision-makers, and secondary sources included press releases, company annual reports, government websites, unorganized players, and paid sources like Bloomberg and Hoovers.
What are Factory Automation Market Dynamics:
Efficiency & Cost Optimization: Industry players' concerted efforts to enhance manufacturing process efficiency drive the Factory Automation market. This results in cost reduction and improved product quality.
Industry 4.0 Revolution: The shift towards digital transformation is promoting automation and smart solutions across various sectors, focusing on product quality, plant efficiency, and standardized production processes. The increased demand for smart solutions and IoT-based automation is expected to fuel market growth.
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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.
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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
Factory Automation Market Regional Insights:
North America: North America dominates the global Factory Automation Market, thanks to substantial investments in the power and oil & gas sectors. Rising automation demands in the region contribute significantly to industry growth.
Europe: The European Factory Automation Market witnessed notable growth in 2022, primarily driven by demand for control systems in the oil & gas industry. Modernization of infrastructure in the oil & gas sector boosts market growth.
Asia-Pacific: Asia-Pacific has seen substantial investments in power transmission and distribution, with increasing demands for mass production and software solutions in industrial automation. Infrastructure investments in China, India, and Japan are driving industry growth.
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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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Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of the majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT and telecom, chemical, food and beverage, aerospace and defense, healthcare and others.
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