Factory Automation Market Key Players Growth Factors and Applications Forecast by 2028

The factory automation market size is expected to grow to US$ 249.29 billion by 2028; it is estimated to grow at a CAGR of 8.2% from 2022 to 2028.

The Report "Factory Automation Market" study by "Premium Market Insights" provides details about the market dynamics affecting the market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years.

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Major key players covered in this Factory Automation Market report:

• 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

The report provides the current market size for Factory Automation, defines trends and presents growth forecasts for nine years from 2022 to 2030. 2021 is considered as the base year, and 2021 to 2028 is forecast year for the entire report. All the market numbers for revenue are provided in US dollars. The market is analyzed by the supply side, considering the market penetration of Factory Automation Market for all the regions globally.

Factory Automation Market Segmentation:

By Component:
• Hardware
• Software

By Hardware:
• Sensors
• Controllers
• Robots
• Drives

By Type:
• Programmable Automation
• Fixed Automation
• Flexible Automation

By Technology:
• PLC
• DCS
• SCADA
• HMI

By Industry Vertical:
• Automotive
• Food and Beverage
• Oil and Gas
• Manufacturing
• Mining

The scope of the Factory Automation Market Report:

The research report focuses on the current market trends, opportunities, future potential of the market, and competition in the Factory Automation. The study also provides market insights and analysis of the Factory Automation, highlighting the technological market trends, adoption rate, industry dynamics, and competitive analysis of major players in the industry.

The global Factory Automation Market is segmented based on deployment, component, solution, application, and geography. The segmentation in this research study has been finalized post in-depth secondary research and extensive primary research. In addition, the market is also segmented on the basis of products offered by the leading participants in the industry in order to understand widely used market specific terminologies. Thus, we have incorporated the segments of the research and have finalized the market segmentation.

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Major highlights of the report:

• All-inclusive evaluation of the parent market
• Evolution of significant market aspects
• Industry-wide investigation of market segments
• Assessment of market value and volume in past, present, and forecast years
• Evaluation of market share
• Tactical approaches of market leaders
• Lucrative strategies to help companies strengthen their position in the market

Reason to Buy:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Factory Automation Market.
• Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
• The key findings and recommendations highlight crucial progressive industry trends in the Factory Automation Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth at a certain extent.

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Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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This release was published on openPR.