Anticipated Growth in Revenue:
The Factory Automation Market was valued at USD 318.37 Billion in 2023, and is expected to reach USD 578.26 Billion by 2030, exhibiting a CAGR of 8.9 % during the forecast period (2024-2030)
Factory Automation Market Overview:
Factory automation encompasses a suite of technologies and automated control systems designed to enhance production rates and product quality while minimizing human intervention in industrial processes. This report provides a comprehensive analysis of various factory automation systems, including Distributed Control Systems (DCS), Supervisory Control & Data Acquisition (SCADA), Manufacturing Execution Systems (MES), Safety Instrumented Systems (SIS), Programmable Logic Controllers (PLC), and Human Machine Interfaces (HMI). It covers key components such as sensors, controllers, switches, industrial robots, drives, and others.
Factory Automation Market Scope:
The market analysis extends across diverse industry verticals including automotive manufacturing, food & beverage, oil & gas processing, mining, and others like pharmaceuticals, machinery, chemicals, and textiles. Regional insights cover North America, Asia-Pacific, Europe, South America, and the Middle East & Africa, detailing market strategies adopted by major players to enhance competitiveness and market share.
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Factory Automation Market Segmentation:
by Control & Safety System
Distributed Control System (DCS)
Supervisory Control and Data Acquisition System (SCADA)
Manufacturing Execution System (MES)
Safety Instrumented System (SIS)
Programmable Logic Controller (PLC)
Human Machine Interface (HMI)
by Component
Sensor
Controller
Switch & Relay
Industrial Robot
Drive
Others
by Industry Vertical
Automotive Manufacturing
Food & Beverage
Oil & Gas Processing
Mining
Others
Factory Automation Market Key Players:
1. ABB Ltd
2. Emerson Electric Company
3. GE Company
4. Honeywell International Incorporation
5. Mitsubishi Electric Factory Automation
6. Omron Corporation
7. Rockwell Automation, Inc.
8. Schneider Electric SA
9. Siemens AG
10.Yokogawa Electric corporation
11.Kuka AG
12.Keyence Corporation
13.Fanuc Corporation
14.Bosch Rexroth
15.Fuji Electric Co., Ltd.
16.Endress+Hauser
17.Hitachi Ltd.
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Factory Automation Market Regional Insights:
North America leads the global factory automation market, driven by substantial investments in sectors like power and oil & gas. Europe shows significant growth, particularly in control systems for oil & gas infrastructure modernization. In Asia-Pacific, rising investments in industrial automation software and infrastructure support, particularly in China, India, and Japan, are accelerating market growth. South America and the Middle East & Africa are also witnessing robust growth, spurred by increasing industrialization and infrastructure development.
Key questions answered in the Factory Automation Market are:
- What is the expected size of the Factory Automation Market by the end of the forecast period?
- Which segment within the Factory Automation Market is projected to experience the highest growth during the forecast period?
- Who are the prominent players in the Seeds industry?
- What are the key trends anticipated to emerge in the Factory Automation Market during the forecast period?
- What was the size of the Factory Automation Market in the past?
- Which region dominated the global Factory Automation Market?
Key Offerings:
- Historical Market Size and Competitive Landscape
- Past Pricing and Price Curve by Region
- Market Size, Share, and Forecast by Segment
- Market Dynamics: Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Detailed Market Segmentation by Segment and Region
- Competitive Landscape: Profiles of Key Players by Region
- Competitive Benchmarking by Region
- PESTLE and PORTER’s Analysis
- Value Chain and Supply Chain Analysis
- Legal Aspects of Business by Region
- SWOT Analysis for Lucrative Business Opportunities
- Strategic Recommendations
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