Forecast for Revenue Growth:
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:
Maximize Market Research has published a comprehensive analysis of the "Factory Automation Market." This in-depth report by MMR considers significant technological advancements within the industry and provides detailed market assessments featured in their research studies. It covers topics such as high-tech systems and advanced industrial systems. The Factory Automation Market report also includes an overview of the competitive landscape, pricing analysis, insights into demand, and essential business information.
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Factory Automation Market Report Scope and Research Methodology:
The quantitative analysis was conducted using various market reports, sales data, and adoption rates from industry sources. To gather qualitative insights, surveys and interviews were conducted with consumers. The study also assessed the impact of government policies, incentives, and regulations on the market. Additionally, it examined the competitive landscape and technological advancements by analyzing leading Factory Automation Market manufacturers.
The market is segmented based on a detailed segment-wise analysis. A regional analysis of the Factory Automation Market is conducted at local, regional, and global levels, highlighting emerging regions that are expected to become key markets. The report employs both primary and secondary data collection methods, utilizing qualitative and quantitative approaches to analyze the Factory Automation Market. SWOT analysis is used to identify the market's threats and weaknesses, while Porter's Five Forces analysis helps understand the competitive intensity within the Factory Automation Market.
Factory Automation Market Segmentation:
Based on Control Safety System: Supervisory control and data acquisition, or SCADA, dominated the factory automation market in 2023 and is projected to rise at a CAGR of 9.1% over the course of the forecast year, according to Control Safety Systems. An industrial process automation system called supervisory control and data acquisition (SCADA) is used to gather data from instruments and equipment at remote and plant locations. In addition to gathering and sending data, this system monitors and controls the inputs and outputs of processes.
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
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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:
A regional analysis is performed to evaluate the status of the Factory Automation Market in countries across North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report offers a thorough examination of various factors, including market size, growth rate, and import-export activities within these regions. The Factory Automation Market is broadly segmented by region, enabling a detailed understanding of the market dynamics and landscape in each geographic area.
Key questions answered in the Factory Automation Market are:
- What is the definition of the Factory Automation Market?
- What was the market size of Factory Automation Market?
- What is the expected growth rate of the Factory Automation Market?
- What factors are anticipated to drive the growth of the Factory Automation Market?
- What are the different segments within the Factory Automation Market?
- What strategies are companies employing to expand their presence in the Factory Automation Market?
- What are the emerging industry applications and trends in the Factory Automation Market?
- Which market segments are included in the Factory Automation Market?
- Who are the leading companies in the Factory Automation Market, and what are their product offerings?
- What are the key segments covered in the Factory Automation Market?
- Who are the major players in the Factory Automation Market?
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