Factory Automation Market Developments Status, Size And Opportunities Assessment

Factory Automation Market Overview

The global market intelligence firm Maximize Market research has published new Factory Automation Market report that indicates the fruitful growth in the Factory Automation Market in the forecast period by 2029. The Maximize Market Research have customers globally and has served in than more 34 countries and 600 clients since 2017. The report highlights the common subjects with unique data base which is analysed by industry experts.

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Market Scope

The Factory Automation market report provides us and in-depth analysis of the key trends, dynamics and other issues. The key findings of the report comprises of the market sizing, its segmentation and competitive analysis of the industry.  It covers the key insights of the market with a detailed regional, demand and competitor analysis. Key players and new entrants of the market are also analysed while researching to draw a competitive landscape. Several factors like revenue generated, production capacity, and products differentiation are taken into consideration while researching. Segment wise analysis of the industry is conducted to understand the behaviour and geographic changes of the industry. SWOT analysis was conducted to provide the strengths, weakness, opportunities and upcoming threats over the market. Porter’s five forces analysis helps one drive deeper into the industry to tweak strategies according to market and current market scenario to increase profit margins and a step ahead of the competitors in the market. PESTLE was employed to understand the actual potential impact of the external factors affecting the Factory Automation market. Thus the report provides a detailed overview of the Factory Automation market.

Market Segmentation:

Supervisory control & data acquisition (SCADA), which dominated the factory automation market in 2021 based on Control & Safety System, is anticipated to expand at a CAGR of 9.1% over the course of the forecast period. An industrial process automation system called supervisory control and data acquisition (SCADA) is used to gather data from instruments and equipment at remote and in-plant locations. This system collects, transmits, and controls data as well as monitors and controls process inputs and outputs.

Additionally, it boosts productivity and profitability while lowering operating and maintenance expenses. Due to the rising demand for SCADA systems in various industries, including manufacturing, pipeline monitoring & control, water treatment facilities & distribution, electrical power transmission & distribution, and others, the SCADA systems market is anticipated to grow.

Industrial Robots, which dominated the factory automation market in 2021 based on component, is anticipated to expand at a CAGR of 6.4% over the course of the forecast period. Industrial robot demand is primarily seen in the automotive and heavy engineering sectors. Also increasing demand for industrial robots is the need for smart production in unconventional fields like microelectronics. The need for industrial robots to perform crucial tasks quickly and safely at the workplace has increased, and this is due in part to the heavy engineering sector.

According to Industry Vertical, the factory automation market was dominated by Automotive Manufacturing in 2021 and is anticipated to expand at a CAGR of 9.5% over the next five years. In the automotive sector, there is a growing need for automation to complete complicated and repetitive tasks. Automation can help with these tasks, producing results that are affordable, dependable, and effective. In addition, there is a rise in the need for mass production to meet the needs of the expanding population. In order to deal with the growth in competition and to achieve safe, quick, and efficient production results, various manufacturing and automotive industries are concentrating on adopting smart manufacturing systems and logistics systems.

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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.

Regional Analysis

The study of the market by segmenting it into specific regions provides the main objective market and evaluates the strategies for growth used by keys competitors in the specific regions. It provides identification of regional market trends, restrictions and development areas and new opportunities of the market. The report assists in planning and implementing the new strategies which are suitable and appropriately applicable according to specific countries and regions in the market.

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Key Questions answered in the Factory Automation Market Report are:

• What is Factory Automation Market?
• What is the forecast period of the Factory Automation Market?
• What is the competitive scenario of the Factory Automation market?
• Which region held the largest market share in the Factory Automation Market?
• What are the opportunities for the Factory Automation Market?
• What factors are affecting the Factory Automation market growth?
• Who are the key players of the Factory Automation market?
• Which company held the largest share in the Factory Automation market?
• What will be the CAGR of the Factory Automation market during the forecast period?
• What key trends are likely to emerge in the Factory Automation market in the coming years?

Key offerings:

• Market Share, Size, and Forecast by Revenue|2022-2029
• Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key
• trends
• Market Segmentation: A detailed analysis by Factory Automation
• Landscape- Leading key players and other prominent key players.

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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