Press release
Factory Automation Market to reach USD 531.00 Billion by 2029, emerging at a CAGR of 8.9 percent and forecast 2023-2029
Factory Automation Market
The comprehensive Factory Automation Market report delves into various types of automation systems, encompassing control and safety systems such as Distributed Control System (DCS), Supervisory Control & Data Acquisition System (SCADA), Manufacturing Execution System (MES), Safety Instrumented System (SIS), Programmable Logic Controller (PLC), and Human Machine Interface (HMI). Additionally, the report covers diverse industry verticals, including automotive manufacturing, food & beverage, oil & gas processing, mining, and others. Regions analyzed include North America, Asia-Pacific, Europe, South America, and the Middle East and Africa.
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Factory Automation Market Research Methodology
The report adopts a meticulous research methodology to provide in-depth insights into the Factory Automation Market. The methodology includes a thorough analysis of various types of factory automation systems, applications, control and safety systems, components, industry verticals, and regional dynamics. Key players, including ABB Ltd., Mitsubishi Electric Factory Automation, Siemens AG, Honeywell International Incorporation, Emerson Electric Corporation, and Schneider Electric SA, are covered in detail.
What are Factory Automation Market Dynamics:
The Factory Automation Market is being propelled by the increasing demand for automation to enhance qualitative and reliable manufacturing. Industrial automation, which combines information technology with machinery, is standardizing manufacturing processes, ensuring repeatable and consistent results, and reducing human errors and related problems. The focus on efficiency in manufacturing processes, the need for mass production with reduced operational costs, and the surge in adoption of Industry 4.0 and enabling technologies are key drivers fueling market growth.
Factory Automation Market Regional Insights:
Leads the global factory automation market, driven by heavy investments in power and oil & gas sectors, coupled with a rising demand for energy-efficient solutions. Witnessed significant growth in 2022, particularly in the oil & gas industry, though faces challenges from increasing cyber-attack threats. Experiencing rapid growth, especially in countries like China and Japan, attributed to increased demand for mass production and infrastructure investments.Witnessed significant growth in 2022, propelled by increased demand for control systems from the utility industry and rising industrialization.
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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
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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The table of content for the Factory Automation Market includes:
Global Factory Automation Market: Research Methodology
Global 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
Global 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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