Press release
Factory Automation Industry to Witness Massive Growth (2024-2031) | ABB, Siemens, Schneider Electric, Mitsubishi Electric, General Electric, Honeywell
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The Factory Automation market report majorly focuses on market trends, historical growth rates, technologies, and the changing investment structure. Additionally, the report shows the latest market insights, increasing growth opportunities, business strategies, and growth plans adopted by major players. Moreover, it contains an analysis of current market dynamics, future developments, and Porter's Five Forces Analysis.
Factory automation refers to the use of control systems, such as computers, robots, and artificial intelligence, to automate manufacturing processes and operations within a factory or industrial setting. This technology aims to enhance productivity, efficiency, and precision by reducing the need for manual intervention and minimizing human error. Factory automation encompasses various systems, including assembly lines, robotic arms, conveyor belts, and programmable logic controllers (PLCs), which work together to streamline production, improve quality control, and reduce operational costs. It enables manufacturers to achieve consistent product quality, faster production rates, and greater flexibility in adapting to changing demands.
Forecast Growth Projected:
The Global Factory Automation Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
List of the Key Players in the Factory Automation Market:
ABB, Siemens, Schneider Electric, Mitsubishi Electric, General Electric, Honeywell, Rockwell Automation, Yokogawa Electric Corporation, HP and Omron Corporation
Segment Covered in the Factory Automation Market:
By Component: Industrial Robots, Vision Machines, Control Valves, Field Instruments, Human-Machine Interface (HMI), Industrial PC, Sensors, Other
By Solutions: Supervisory Control and Data Acquisition (SCADA), Programmable Logic Controllers (PLC), Distributed Control Systems (DCS), Manufacturing Execution Systems (MES), Product Lifecycle Management (PLM), Functional Safety, Plant Asset Management (PAM), Others
By End-User: Oil & Gas, Chemicals, Paper & Pulp, Pharmaceuticals, Mining & Metals, Food & Beverages, Energy & Power, Automotive, Electronics & Semiconductors, Aerospace and Defense, Medical Devices, Others
Regional Analysis:
The global Factory Automation Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
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Regional Analysis:
The global Factory Automation Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Factory Automation Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
Chapter Outline:
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of Factory Automation manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Revenue of Factory Automation in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.
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FAQs
How fast is the Factory Automation Market growing?
The Factory Automation Market will exhibit a CAGR of 8.1% during the forecast period, 2024-2031.
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