Market Highlights
The changing consumer market has built high need of deployment of technically advanced automation process in manufacturing and production process of an industry. Flexible production system with high end IT enabled process provides fast, and safe production process which is efficient, flexible, reliable and cost-effective solution. The economic pressure which affects performance and growth of an industry is the one of the factor behind utilizing factory automation process.
The automated manufacturing & production process offers high potential leverage for improving productivity and profits for industrial process thereby also reduce energy consumption and cost associated with the manufacturing process. Programmable controllers, PACs, industrial robots, process control system, PLM software and discrete sensors are some of the popular products deployed by industrialist to automate their manufacturing and production process. Industrial robots have the ability of producing high quality products with precision and can generate high return on investment for the investors and also bring safety on the workplace.
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The Factory Automation Market is growing rapidly over 8.59% of CAGR and is expected to reach at USD 240 billion by the end of forecast period 2022. Cost reduction, high efficiency in the process and ability to provide the overall information and initiate early stage development for the products are the major driving factors of this market.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 90 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Factory Automation Market Research Report -Forecast to 2022”.
Key Players
The prominent players in the Factory Automation Market are – Siemens AG, ABB Ltd, Emerson Electric Corporation, Rockwell Automation, Honeywell International Inc., Schneider Electric, Rexroth Bosch Group, Mitsubishi Electric Corporation, Yokogawa Electric Corporation, and Omron Corporation.
Factory Automation Market Segmentation
The Factory Automation Market has been segmented on the basis of type, technology, and end user. By type, the market is been classified into fixed automation, programmable automation, flexible automation, and integrated automation. By technology, the Factory Automation market is categorized into supervisory control and data acquisition (SCADA), programmable automation controller (PAC), programmable logic controller (PLC), distributed control system (DCS), and human machine interface (HMI). By end-user, the market is sub-segmented into manufacturing, automotive, packaging & processing, energy & power, semiconductor & electronics, printing & converting and others.
Market Research Analysis:
Regional analysis for Factory Automation Market is studied in different geographic regions as Americas, Europe, Asia-Pacific and Rest of world. North America is the leading region among Europe, Asia-Pacific and Middle East & Africa. Asia-Pacific is the fastest growing region which is estimated to show high growth during forecast period. Increasing technology adoption and government initiatives to increase domestic manufacturing and production is expected to drive the growth of Factory Automation market in the region. However, high installation cost of automation solutions in the market is one of the major reason behind slow growth in the region.
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Intended Audience
- Process Automation and Instrumentation Manufacturers
- Industrial Robot Manufacturers
- MES (Manufacturing Execution System) and MOM (Manufacturing Operations Management) Players
- System Integrators
- Government Organizations
- Research/Consultancy firms
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