Industry Controls and Factory Automation Market Synopsis
Industry Controls Factory Automation Market is projected to be worth USD 272.17 billion by 2030, registering a CAGR of 9.30% during the forecast period (2022 - 2030).
As per the analysis by Market Research Future Reports (MRFR), the global industry controls and factory automation market 2020 is projected to be negatively affected by the outbreak of COVID-19. The industrial sector has been facing restrictions prevailing and has affected the supply chains of the factories significantly.
The increasing usage of technologies in the manufacturing sector has played a major role in expanding the global industry controls and factory automation market. Besides, there has been a surge in the adoption of industrial robots in the manufacturing sector influenced by the collaborative robots, industrial automation in several sectors, and the growing initiatives are taken by the government have further propelled the market. Besides, meeting the increasing demand of the rising population and the inclination towards industrial automation and optimum utilization of resources are some of the most significant factors augmenting the market expansion. The research reveals the global industry controls and factory automation market is estimated to rise at a CAGR of 9.30% during the review period.
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Report Attribute/Metric
Details
Market Size
2030: USD 272.17 billion
CAGR
9.30% CAGR (2022-2030)
Base Year
2021
Forecast Period
2022-2030
Historical Data
2019 & 2020
Forecast Units
Value (USD Million)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Component and Solution
Geographies Covered
North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Market Segmentation
The global industry controls and factory automation market is classified on the basis of solution, industry, and component. On the basis of end-use, the global industry controls and factory automation market can be classified into the process industry, which consists of Oil & Gas, Mining & Metals, Paper & Pulp, Food & Beverage, Chemicals, Power, Pharmaceuticals, and others. The discrete industry consists of Aerospace & Defense, Semiconductor & Electronics, Medical Devices, Automotive, Machine Manufacturing, and others. The mining and metals industry is estimated to lead the industry controls and factory market owing to its association with the extraction of mineral and metal reserves and fabrication of metals. On the basis of technology, the global industry controls and factory automation market can be classified into chemicals, oil and gas, pharmaceuticals, mining and metals, power, and others. On the basis of region, the global industry controls and factory automation market can be classified into the Asia Pacific, North America, Europe, and the Middle East & Africa, and South America.
Regional Analysis
The geographical analysis of Asia Pacific, North America, Europe, and the Middle East & Africa, and South America had been conducted. As per the analysis by MRFR, the APAC region. Among all nations in APAC, China, and India is estimated to contribute significantly to the market growth. The rapid urbanization and rising competition is the factor driving the regional market. Moreover, sectors such as food and beverage, power generation, pharmaceutical, and chemicals are expanding at a fast pace, which is propelling the regional market. However, the outbreak of COVID-19 has brought a significant impact on the market. China is making attempts to retrieve its production activities since it acquires the forefront position of the global installation and production of automation and robotics. The pandemic has caused a significant reduction in exports due to the disrupted supply chain and spread of the pandemic. Besides, the spread of COVID-19 in Europe and North America is causing additional troubles for the Chinese manufacturing businesses, which influences the global market. The second position is attained by North America. The market is estimated to grow significantly in the forthcoming period. The region has a strong presence of established ley players, which augments the market in the region.
Key Players
The forefront players of the global industry controls and factory automation market are Emerson, ABB, Schneider Electric, Mitsubishi Electric Corporation, Siemens, Rockwell Automation, Honeywell, General Electric, Yokogawa, Omron, Fanuc, Endress+Hauser, Wika, Dwyer, 3D Systems, Stratasys, and HP.
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.Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/3565The 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 SegmentationThe Factory Automation Market has been segmented on the basis of type, technology, and end user.
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.
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The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies.
It also presents insights into various restraints that pose threat and highlights opportunities that will help the market pick pace in the forthcoming years.
The report compiles exhaustive information obtained via proven research methodologies and from trusted sources from within the industries.
It also includes expert opinions to provide readers a clearer perspective regarding the global market.
