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:

This study aims to give a comprehensive analysis of the Factory Automation market by geography, industry, component, and application. The main factors driving the growth of the Factory Automation market are covered in great detail in the study. The study also provides a thorough analysis of the value chain in the market.

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Factory Automation Market Scope:

First, secondary research is conducted using sources that gather revenue data from important suppliers in order to evaluate and forecast the Factory Automation market. Vendor offerings also factor into market segmentation calculations. The revenue of notable businesses was used to determine the overall size of the Factory Automation market using the bottom-up methodology.

Factory Automation 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

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Factory Automation Key Players:

The major players covered in the Factory Automation market report are

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.

Factory Automation Regional Analysis:

Global, North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.

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COVID-19 Impact Analysis on Factory Automation Market:

Among the industries impacted by the COVID-19 pandemic are aerospace and defense, agriculture, cars, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance. As the effects of COVID-19 spread, they have had an effect on the growth rate and the Factory Automation market as a whole. Our most recent investigation, insights, and tidbits of administrative knowledge are vital to the companies and organizations in the Factory Automation sector, which is navigating the COVID-19 emergency to manage risk-digitizing tasks in order to provide CEOs with reliable information and experiences.

Key Questions Answered in the Factory Automation Market Report are:

• Which segment grabbed the largest share in the Factory Automation market?
• How was the competitive scenario of the Factory Automation market ?
• Which are the key factors responsible for the Factory Automation market growth?
• Which region held the maximum share in the Factory Automation market ?

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