Factory Automation Market Overview
The market overview of the Factory Automation market industry reveals a comprehensive analysis of its intricate dynamics. The report presents global, regional, and national market revenue forecasts, emphasizing segment and region-wise sales projections. Notably, the report highlights the intense rivalry within the industry, making it a must-read for industry players seeking to stay ahead of the competition.
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Factory Automation Market Report Scope and Research Methodology
The analysis of the Factory Automation market utilized both primary and secondary research methods. Primary research involved the direct collection of data from the market through surveys, interviews, and observations. Secondary research involved the collection of data from published sources, such as industry reports, company websites, and news articles.
The report also included an extensive, market-oriented, and commercial analysis of the Factory Automation Market, utilizing a variety of research techniques. The analysis covered various aspects of the market, including region, revenue, financial status, portfolio, technological advancement adopted, and mergers and acquisitions. The growth prospects and future business outlooks of new entrants and existing players in the Factory Automation market were also researched.
The analysis provides a guide for stakeholders, investors, market players, followers, and new entrants with an overall view of the Factory Automation market. This guide can be used to formulate investment approaches and marketing tactics. The report used a bottom-up approach to estimate the Factory Automation market size by aggregating data from individual segments to arrive at a total market size estimate.
Factory Automation Market Regional Insights
The report provides a comprehensive analysis of growth drivers, constraints, future prospects, and competitive landscape across all regions. The market is segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa, and the report includes forecasts for each individual region.
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Factory Automation Market Segmentation
Based on Control & Safety System, Supervisory control & data acquisition (SCADA) dominated the factory automation market in 2021 and is expected to grow at a CAGR of 9.1% during the forecast period. Supervisory control & data acquisition (SCADA) is an industrial process automation system, which is used to collect data from instruments and equipment located at plants & remote sites. This system acquires & transmits data, and provides monitoring and control for process inputs and outputs.
Based on Component, Industrial Robots dominated the factory automation market in 2021 and is expected to grow at a CAGR of 6.4% during the forecast period. The demand for industrial robot is majorly observed in automobiles and heavy engineering industries. Moreover, increased need for smart production in non-conventional areas, such as microelectronics, has increased the demand for industrial robots. The heavy engineering sector is also responsible for the increased demand of industrial robot, to perform critical task in optimized time and maintaining safety at workplace.
Factory Automation Market Key Players
• ABB Ltd
• Emerson Electric Company
• GE Company
• Honeywell International Incorporation
• Mitsubishi Electric Factory Automation
• Omron Corporation
• Rockwell Automation, Inc.
• Schneider Electric SA
• Siemens AG
• Yokogawa Electric corporation
• Kuka AG
• Keyence Corporation
• Fanuc Corporation
• Bosch Rexroth
• Fuji Electric Co., Ltd.
• Endress+Hauser
• Hitachi Ltd.
Key questions answered in the Factory Automation Market are:
- What is Factory Automation ?
- What are the factors driving the Factory Automation Market growth?
- What are the main challenges the Factory Automation Market growth?
- What was the Factory Automation market size in 2021?
- Which trends are expected to generate additional revenue for the Factory Automation market growth?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Factory Automation Market?
- What growth strategies are the players considering to increase their foothold in the Factory Automation Market?
- Who held the largest market share in the Factory Automation Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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