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, a global market intelligence firm, has recently released an insightful report shedding light on the prosperous growth opportunities for Factory Automation market suppliers anticipated through 2029. The report provides a comprehensive market overview, detailing growth drivers, major restraints, upcoming challenges, and prevailing opportunities in the global Factory Automation market. It also includes a comprehensive list of key players and their strategic business approaches.

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Factory Automation Market Report Scope and Research Methodology:

The automotive, food and beverage, oil and gas, mining, and other industry verticals (pharmaceutical, machinery, chemical, fiber & textile, infrastructure, plastic, water treatment, marine, and metal) are the divisions of the industry verticals. The factory automation market is examined in North America, Asia-Pacific, Europe, South America, the Middle East, and Africa based on geographic factors. The report offers details on the tactics used by the major competitors to maintain competition and grow their market shares. 

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Factory Automation Market Dynamics:

The industry's key drivers of the factory automation market are the companies' emphasis on streamlining the manufacturing process to produce goods at low costs and with high quality. In addition, as mass production eliminates the quality control problem, the need for factory automation rises along with the need for mass production in the manufacturing sectors. Additionally, by producing a large number of products in an optimized amount of time with high accuracy, it lowers production costs. 

Factory Automation Market Regional Insights:

A thorough regional analysis of the Factory Automation market, including market dynamics, regional market structure, and major players in each area, is included in the report. North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa are the regions covered, offering a thorough grasp of market conditions and variances.

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:

Identifying key players in the Factory Automation industry, the report answers essential questions about expected market size.

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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Key Questions answered in the Factory Automation Market Report are:

• What is the expected Factory Automation market size in 2029?
• How the major segments of the global Factory Automation market are expected to develop during the forecast period?
• Who are the top suppliers and producers in the Factory Automation industry?
• What is the expected Factory Automation market size by the end of the forecast period?
• Which regional market held the largest Factory Automation market share in 2022?
• Who are the key players in the Factory Automation industry?
• What are the Factory Automation market segments?
• Which Factory Automation market segment is expected to grow at a high rate during the forecast period?

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2022)
  • Past Pricing and price curve by region (2018 to 2022)
  • Market Size, Share, Size & Forecast by different segment | 2023−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
  • Market Segmentation – A detailed analysis by Application, Technology, Type, End-User and Region
  • Competitive Landscape – Profiles of selected key players by region in 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

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