Press release
Factory Automation Market is estimated to reach a CAGR of 8.1% during the forecast period 2024-2031 - ABB, Siemens, Schneider Electric.
Factory Automation Market
The Factory Automation market report provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. With a commitment to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Leveraging a combination of qualitative and quantitative research methods, the company offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.
Get a Free Sample PDF Of This Report (Get Higher Priority for Corporate Email ID):- https://datamintelligence.com/download-sample/factory-automation-market?rk
Factory automation involves using robotics, control systems, and software to improve efficiency and reduce human intervention in manufacturing processes. It includes technologies such as programmable logic controllers (PLCs), industrial robots, and artificial intelligence-driven automation. Factory automation enhances production speed, precision, and safety while reducing operational costs. Sectors like automotive, electronics, and food processing are adopting automation to meet increasing demand. The rise of Industry 4.0 and smart factories is accelerating the growth of automated manufacturing solutions.
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.
Industry Development:
In January 2022, KUKA, a German industrial robot manufacturer, signed an agreement with Ford Otosan, Ford's Turkish subsidiary, to supply 700 robots for Ford's new electric vehicle (EV) production facility in Kocaeli, Turkey.
Research Methodology
Our research methodology combines both qualitative and quantitative approaches to provide you with a thorough market analysis. We begin by gathering data from trusted industry reports and databases (secondary research), followed by primary research through surveys and interviews with key experts. We then apply advanced statistical tools to analyze the data, uncover trends, and assess market dynamics. Additionally, we use market segmentation and Porter's Five Forces analysis to evaluate competition. This approach ensures that the insights we provide are reliable, actionable, and tailored to support your decision-making process.
Make an Enquiry for purchasing this Report @ https://www.datamintelligence.com/enquiry/factory-automation-market?rk
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
This Report Covers:
✔ Go-to-market Strategy.
✔ Neutral perspective on the market performance.
✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, Market Access, and other significant analysis, as well as development status.
✔Customized regional/country reports as per request and country level analysis.
✔ Potential & niche segments and regions exhibiting promising growth covered.
✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).
Regional Analysis for Factory Automation Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
Speak to Our Senior Analyst and Get Customization in the report as per your requirements: https://datamintelligence.com/customize/factory-automation-market?rk
Frequently asked questions:
➠ What is the global sales value, production value, consumption value, import and export of Factory Automation market?
➠ Who are the global key manufacturers of the Factory Automation Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?
➠ What are the Factory Automation market opportunities and threats faced by the vendors in the global Factory Automation Industry?
➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?
➠ What focused approach and constraints are holding the Factory Automation market?
➠ What are the different sales, marketing, and distribution channels in the global industry?
Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Factory Automation Market is estimated to reach a CAGR of 8.1% during the forecast period 2024-2031 - ABB, Siemens, Schneider Electric. here
News-ID: 3839741 • Views: …
More Releases from DataM Intelligence 4market Research LLP
United States Exocrine Pancreatic Insufficiency Treatment Market 2024-2031: Comp …
The Global Exocrine Pancreatic Insufficiency Treatment Market reached US$ 3.30 billion in 2023 and is expected to reach US$ 5.37 billion by 2031, growing at a CAGR of 6.4% during the forecast period 2024-2031.
Exocrine Pancreatic Insufficiency (EPI) is a condition where the pancreas fails to produce sufficient digestive enzymes, leading to malabsorption, nutrient deficiencies, and gastrointestinal issues. Treatments primarily involve pancreatic enzyme replacement therapy (PERT), dietary modifications, and adjunctive nutritional…
Herpes Labialis Drugs Market 2024-2031: Comprehensive Analysis of Antiviral Ther …
The global herpes labialis drugs market reached US$ 1.16 billion in 2023 and is expected to reach US$ 1.7 billion by 2031 growing with a CAGR of 4.8% during the forecast period 2024-2031.
Herpes labialis, commonly known as cold sores, is caused by the Herpes Simplex Virus-1 (HSV-1). Treatment options include antiviral drugs such as acyclovir, valacyclovir, famciclovir, and topical formulations, which help reduce symptoms, accelerate healing, and prevent recurrence. The…
United States Chronic Inflammatory Demyelinating Polyneuropathy Market 2024-2031 …
Chronic Inflammatory Demyelinating Polyneuropathy Market is valued at a significant CAGR during the forecast period (2024-2031).
Chronic Inflammatory Demyelinating Polyneuropathy (CIDP) is a rare autoimmune disorder that leads to progressive weakness, numbness, and sensory impairment in the limbs. Current treatments include corticosteroids, intravenous immunoglobulin (IVIg), plasma exchange (plasmapheresis), and emerging biologics. The market is expanding due to increasing disease awareness, advances in therapeutic options, early diagnosis, and growing adoption of patient-centric…
United States Varicella Zoster Infections Treatment Market 2024-2031: In-Depth A …
Global Varicella Zoster Infections Treatment Market reached US$ 1,799.42 million in 2023 and is expected to reach US$ 2,523.90 million by 2031, growing at a CAGR of 4.3% during the forecast period 2024-2031.
Varicella Zoster Virus (HHV-3) causes chickenpox (varicella) and shingles (herpes zoster). Treatments include antiviral drugs (acyclovir, valacyclovir, famciclovir), vaccines, and pain management therapies to prevent complications and manage symptoms. The market is growing due to increasing prevalence of…
More Releases for Factory
Prominent Smart Factory Market Trend for 2025: Advanced Technologies Reshape The …
Which drivers are expected to have the greatest impact on the over the smart factory market's growth?
The escalation in need for industrial robots is anticipated to spur the expansion of the smart factory market. Industrial robots are mechanical devices programmed to autonomously carry out production-related tasks in industrial settings. A smart factory emphasizes on resource optimization and industrial automation, employing instruments like information and smart sensor technologies, robotics, the Internet…
Factory Automation Sensor Market Report 2024 - Factory Automation Sensor Market …
"The Business Research Company recently released a comprehensive report on the Global Factory Automation Sensor Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
According to The Business Research Company's, The factory automation sensor…
Smart Factory Services – Successful conversion to a smart factory
Weinstadt, May 06, 2024 - The system manufacturer KELCH GmbH has developed a modular overall concept to support individual companies in setting up and expanding their smart factory. Our so-called Smart Factory Services are tailored to the needs of machining companies and consist of modules that can be flexibly combined. This offers manufacturing companies the option of only obtaining the solutions that they actually need – whether to improve processes…
Factory Automation Market Future Assessment 2021-2027 : ABB Ltd., Mitsubishi Ele …
Allied Market Research published an exclusive report, titled, “Factory Automation Market by Control and Safety System (Distributed Control System (DCS), Supervisory Control and Data Acquisition System (SCADA), Manufacturing Execution System (MES), Safety Instrumented System (SIS), Programmable Logic Controllers (PLC), and Human Machine Interface (HMI)), Component (Sensor, Controllers, Switches & Relays, Industrial Robots, Drives, and Others), and Industry Vertical (Automotive Manufacturing, Food & Beverage, Oil & Gas Processing, Mining, and Others)…
Dark Tea Revolutionary Trends (2020-2026) by Industry Statistics| Liming Tea Fac …
"The new report has been added by qyresearch.com to provide detailed insight into the global Dark Tea market. The study will help to get a better understanding about the Dark Tea industry competitors, a channel for the distribution, Dark Tea growth potential, potentially disruptive trends, Dark Tea industry product innovations, market size value/volume (regional/country level, Dark Tea industry segments), market share of top players/products.
Due to the pandemic, we have included…
Fermented Tea Market to witness remarkable growth By 2026| Menghai Tea Factory, …
"The new report has been added by qyresearch.com to provide detailed insight into the global Fermented Tea market. The study will help to get a better understanding about the Fermented Tea industry competitors, a channel for the distribution, Fermented Tea growth potential, potentially disruptive trends, Fermented Tea industry product innovations, market size value/volume (regional/country level, Fermented Tea industry segments), market share of top players/products.
Due to the pandemic, we have included…
