Factory Automation Market Overview:
The Factory Automation Market study may be tailored to incorporate pricing trend analysis of target brands, Market knowledge for additional countries (ask for a list of countries), clinical trial outcomes data, literature research, refurbished Market and product base analysis, and more. Target rival Market analysis can range from technology-based study to Market portfolio strategies. We can add as many rivals as you need data on in the format and data type you like. Our analysts can also supply you with data in raw raw excel files pivot tables or help you create presentations using the data sets included in the report.
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Market Scope: To locate and collect material appropriate for this study, this research study makes considerable use of secondary sources, directories, and databases such as annual reports, press releases, journals, corporate websites, and databases.
Market Dynamics: As it mixes information technology with machines and systems to create smart production infrastructure, industrial automation is becoming more and more in demand across a range of industries. It gives predictable & consistent results with enhanced product quality while standardising the manufacturing process. Additionally, the use of factory automation has decreased the amount of human involvement in industrial processes, which has reduced human error and associated issues.
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)
Supervisory control & data acquisition (SCADA), which dominated the factory automation market in 2022 according to Control & Safety System, is anticipated to expand at a CAGR of 9.1% throughout the course of the forecast year. 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 need for SCADA systems in many industries, including manufacturing, pipeline monitoring & control, water treatment facilities & distribution, electrical power transmission & distribution, and others, the SCADA systems market is anticipated to rise.
by Component
Sensor
Controller
Switch & Relay
Industrial Robot
Drive
Others
Industrial Robots, which dominated the factory automation market in 2022 based on component, is anticipated to expand at a CAGR of 6.4% throughout the course of the forecast year. Industrial robot demand is mostly seen in the automotive and heavy engineering sectors. Also increasing demand for industrial robots is the requirement for smart production in unconventional fields like microelectronics. The need for industrial robots to execute crucial tasks quickly and safely at the workplace has increased, and this is due in part to the heavy engineering sector.
The manufacturing sector’s increased need for mass production, the elimination of customs charges, and the development of the robotics and artificial intelligence (AI) industries have all contributed to this rise in demand for robots. Additionally, the high product and implementation costs may restrain the expansion of.
by Industry Vertical
Automotive Manufacturing
Food & Beverage
Oil & Gas Processing
Mining
Others
According to Industry Vertical, the factory automation market was dominated by Automotive Manufacturing in 2022 and is anticipated to expand at a CAGR of 9.5% during the next five years. In the automobile sector, there is a growing need for automation to complete complicated and repetitive jobs. Automation can help with these activities, producing solutions 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, numerous manufacturing and automotive industries are concentrating on adopting smart manufacturing systems and logistics systems.
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Key Players:
The Market competitive landscape Seamless Pipes gives information by competitor. Business overview, financials, revenue produced, Market potential, investment in RD, new Market efforts, worldwide presence, production sites and facilities, production capacity, company strengths and weaknesses, product launch, product width and breadth, application domination are all mentioned. The data points presented above are only linked to the firms’ concentration on the Seamless Pipes sector. These are the main 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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Regional Analysis:
The country portion of the Factory Automation Market study additionally includes individual Market affecting elements and changes in legislation in the Market that affect present and future Market trends. Consumption volumes, production sites and volumes, import export analysis, price trend analysis, raw material costs, and downstream and upstream value chain analysis are some of the primary indicators utilised to anticipate the Market situation for particular nations. While providing forecast analysis of the nation data, the existence and availability of global brands, as well as the obstacles they face due to significant or scarce competition from local and domestic brands, as well as the impact of domestic tariffs and trade routes, are also taken into account.
COVID-19 Impact Analysis on Factory Automation Market :
A detailed study of Covid-19 impacts the Factory Automation Market is provided in the report.
The World Health Organization has declared Covid-19 a global health emergency due to its impact on thousands of people worldwide. The Coronavirus disease, which already affects these groups, had affected Factory Automation Market segments.
Key Questions answered in the Factory Automation Market Report are:
- At what growth rate is the Factory Automation Market evolving?
- Who are the major Market giants operating in the global Factory Automation Market ?
- Which application segment of the Factory Automation Market is observing the fastest growth?
- What is the primary driving factor of the global Factory Automation Market ?
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