Press release
U.S Factory Automation Market Innovative products and services are gradually capturing the Mkt.
Factory automation is the use of different control systems, software and other technologies for automation of the factory. Several electrical and mechanical parts play a major role in the automation systems and products of factories. Linear shafts, bushings, switches, sensors, bearing units, gears, motors, V-belts, solenoid valves are some of the main mechanical components of the overall 100 parts covered in the report.Innovative products and services are gradually capturing the Industrial Automation market. Companies such as Sick AG are offering better miniature sensors to which are affordable and productive. Siemens who already have strong market in Asia are increasing production due to demand for automation in emerging country like India.
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The global industrial and factory Automation equipment and services market is slated to grow at 7.05% CAGR for the next five years. The market is estimated to reach $283.2bn by 2018; 19% of which is occupied by USA. Control systems have the largest market in factories with M2M interaction making the process completely automated. Sensors help in differentiating, error control and production management.
The challenges for the factory automation market are reduced security and high installation and maintenance costs. The biggest market for this industry exists in U.S which is the primary hub of global manufacturing industry. The scaling back of investments in Asian countries by OEMs also increases the need for various key products, systems and components as new factory establishments, expansion plans are executed in the next few years in the Europe.
According to IndustryARC expert analysis, the U.S. is noted to be the leading region in terms of design and manufacturing because of trends like widely available computer networks and fast adoption rates to new technologies, in this region.
REPORT SCOPE: Market Segmentation:
By Mechanical Components : Linear Shafts, Shaft Supports, Shaft Collar, Linear Bushings, Oil Free Bushings, Washers, Linear Guides, Motorized Stages, Temperature Control Equipment, Bearings, Gear Motors, Valves, Rod End Bearings, etc..
By End User Industry : Automotive, Chemical, Oil and Gas, Pharmaceutical, Food and Beverage, Paper and Pulp, Others.
Key Players of the USA Factory Automation Market included in this market research report are:
• Rockwell Automation
• Beckhoff Automation
• General Electric
• Siemens AG
• Crestron Electronics
• Weidmuller Holding AG
• Pepperl+Fuchs
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About IndustryARC:
IndustryARC is a Research and consulting firm that publishes more than 500 Reports Annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.
IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.
We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.
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