Press release
North America Factory Automation Market Latest Advancements and Business Opportunities 2028
The North America factory automation market is expected to grow from US$ 46,797.4 million in 2022 to US$ 74,823.3 million by 2028; it is estimated to grow at a CAGR of 8.1% from 2022 to 2028.The North America Factory Automation Market 2021 provides a complete assessment of the industry including definitions, classifications, applications, and industry chain structure, which is beneficial for companies regardless of their size and revenue. North America Factory Automation Market Survey report covering the major market insights and industry approach towards COVID-19 in the upcoming years. For each manufacturer covered, the clients will find the report complete in all aspects as it covers all key components with valuable statistics and expert opinions in all regards. This section analyses region-wise revenue and volume for the forecast period till 2028.
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The List of TOP KEY PLAYERS in North America Factory Automation Market Report are -
• ABB LTD.
• Emerson Electric Co.
• FANUC
• General Electric Company
• Honeywell International Inc.
• Mitsubishi Electric Corporation
• Omron Corporation
• Robert Bosch GmbH
• Rockwell Automation, Inc.
• Siemens AG
The report additionally focuses on world major leading industry players of this market providing information like company profiles, product picture, and specification, capacity, production, price, cost, revenue, and contact information. This report focuses on market trends, volume and value, regional level, and company level. This report represents the overall North America Factory Automation Market Size by analyzing historical information and future prospects till 2028.
Full Report Link : https://www.businessmarketinsights.com/reports/north-america-factory-automation-market
Key Market Segments
Based on type, the North America factory automation market size is segmented into programmable automation, fixed automation, and flexible automation. The rising adoption of Industry 4.0 and IoT-enabled smart technologies has raised the demand for factory automation. The fixed automation segment led the market in 2021. The market growth for this segment is attributed to the rising demand for fixed automation solutions in many industries, including automotive and chemicals. However, the flexible automation segment is expected to register the highest CAGR over the forecast period. Flexible automation is majorly used across manufacturing assembly plants. It is highly adopted across the electronics industry, where flexible machines are used to manufacture printed circuit boards with integrated circuits and other components. The automotive industry is also increasingly adopting flexible automation technology owing to the increased complexity in car manufacturing like rise in integration of smart components and electronics. Thus, the increasing car manufacturing volume across North America bolsters the demand for flexible automation, which would drive the factory automation market growth for the segment during the forecast period.
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Key Highlights of the North America Factory Automation Market Research Report:
• The report summarizes the North America Factory Automation Market by stating the definition, applications, scope, it's price, supply and demand ratio, and market overview.
• Competitive landscape of all leading key players together with their business strategies, approaches, and latest North America Factory Automation market development.
• It elements market investment, opportunities, growth factors, restraints, and market risks.
• It performs a comprehensive study of emerging players in the North America Factory Automation business along with the existing ones.
• It accomplishes primary and secondary research and resources to estimate prime products, market size, and industrial partnerships of this business.
Research Objectives:
• To study and analyze the North America Factory Automation consumption by key regions/countries, product type and application, history information, and forecast during 2021-2028.
• To understand the structure of North America Factory Automation by identifying its various sub segments.
• Focuses on the key North America Factory Automation manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans within the next few years.
• To analyze North America Factory Automation with respect to individual growth trends, future prospects, and their contribution to the total market.
• To share detailed information about the key factors influencing the expansion of the market.
• To project the consumption of North America Factory Automation submarkets, with respect to key.
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions within the market.
• To strategically profile the key players and comprehensively analyze their growth strategies.
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If you have any questions about this report or would like further information, please contact us:
Contact person: Ankit Mathur
Email: sales@businessmarketinsights.com
Phone: +16467917070
About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.
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