Factory Automation Market Size 2024: Global Share, Industry And Report Analysis By 2031 | WIKA Instruments India Pvt. Ltd. Yokogawa Electric Corp.

The global market for factory automation is projected to have considerable CAGR of around 9.2% during the forecast period. Factory Automation Market research report allows making important decision making essential for business growth. It helps key participants further in applying right business ideas to grow business and choose the right business doing strategy. Having complete understanding of what purchasers are looking for in the market and which factors can influence their purchasing decision greatly helps to make investment in the right product development and launch it accordingly. It is also crucial for major participants to understand the behavior of target customers to bring novel products into the market. This Factory Automation Market report serves as a blueprint to get thorough study of market competition, target audience and entire market.

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The key players of the market include ABB Ltd., Honeywell International, Inc., Emerson Electric Co., Schneider Electric SE, Siemens AG, and others. To maintain a strong position in the market, these market players adopt various strategies such as product launches, partnerships, collaborations, and mergers and acquisitions. For instance, in April 2021, Google Cloud and Siemens collaborated to streamline production operations and boost shop floor efficiency. Siemens plans to integrate Google Cloud's top data cloud and artificial intelligence/machine learning (AI/ML) capabilities with its factory automation solutions to assist manufacturers in the manufacturing process.

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• Market Coverage
• Market number available for - 2024-2031
• Base year- 2024
• Forecast period- 2024-2031
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Market Segmentation
Global Factory Automation Market by Component
o Industrial Robots
o Machine Vision
o Human Machine Interface(HMI)
o Sensors
o Control Valves
o Others( Field Instruments)

Global Factory Automation Market by Control Systems
o Programmable Logic Controllers(PLC)
o Distributed Control Systems (DCS)
o Supervisory Control and Data Acquisition System (SCADA)
o Manufacturing Execution System (MES)
o Others( Product Lifecycle Management)

Global Factory Automation Market by Industry
o Automotive
o Aerospace & Defense
o Oil & Gas
o Chemical
o Food & Beverages
o Healthcare
o Others( Mining and Electronics)

Regional Analysis
o North America
o United States
o Canada
o Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
o Rest of the World

Company Profiles
o ABB Ltd.
o Azbil Corp.
o Dwyer Instruments, Inc.
o Danfoss A/S
o Emerson Electric Co.
o Endress+Hauser Group Services AG
o Fuji Electric Co., Ltd.
o Fanuc Corp.
o General Electric Co.
o Honeywell International Inc.
o Hitachi, Ltd.
o KROHNE Messtechnik GmbH
o Mitsubishi Electric Corp.
o NovaTech, LLC
o Omron Corp.
o Rockwell Automation, Inc.
o Siemens AG
o Schneider Electric SE
o WIKA Instruments India Pvt. Ltd.
o Yokogawa Electric Corp.

The Report Covers
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global factory automation market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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