The Industrial Control & Factory Automation Market was valued at USD 322.9 Mn in 2021. The market is projected to grow USD 440.05 Mn in 2028, at a CAGR of 4.52%. Government initiatives to promote industrial automation, adoption of emerging technologies such as IoT and AI in industrial environments, emphasis on industrial automation and optimum resource utilization, and fiscal policies formulated by regional financial institutions to keep manufacturing facilities afloat amidst the COVID-19 crisis are among the factors driving the growth of the global industrial control & factory automation market.
The development of smart factories for planning, supply chain logistics, and product development has emerged from the increased adoption of smart systems, components, and smart machinery and equipment for the improvement of processes through automation and self-optimization. Various industrial businesses are increasingly aiming to become smart factories. Labor expenses have risen at an exponential rate in several places. Furthermore, quality criteria are becoming increasingly stringent. In this context, factory automation has the potential to reduce production, operation, and labor expenses.
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The study’s scope includes a rating of main service providers, profits and pricing in key market segments utilizing business scenarios. The Industrial Control & Factory Automation research study also investigates the supply chain and industry dealers in depth. The market study also considers a number of crucial elements that influence the global industry’s growth. The report also provides a statistical picture of the global industry, indicating the number of external and internal driving and restraining factors. The Market Research study’s global market research study will feature a large amount of unique data. A number of Industrial Control & Factory Automation industry professionals and key opinion leaders also do extensive quantitative and qualitative research in order to obtain a better understanding of the market and industry performance.
The report provides a comprehensive analysis of company profiles listed below:
ABB
General Electric
Honeywell International
Schneider Electric
Endress+Hauser Group Services AG
Rockwell Automation, Inc.
Emerson Electric Co.
Mitsubishi Electric Corporation
Siemens
OMRON Corporation
Texas Instruments Incorporated
Bosch Rexroth AG
Yokogawa Electric Corporation
Type Analysis of World Wide Market:
Machine Vision Systems
Industrial Robotics
Sensors and Transmitters
Motors and Drives
Industrial 3D Printers
Vibration Monitoring
Process Analyzers
Others
Segmentation of global Industrial Control & Factory Automation Market by Application:
Automotive
Chemicals
Metals & Mining
Semiconductor & Electronics
Pharmaceuticals
Food and Beverage
Oil & Gas
Others
The study report offers a comprehensive analysis of Industrial Control & Factory Automation Market size across the globe as regional and country level market size analysis, CAGR estimation of market growth during the forecast period, revenue, key drivers, competitive background and sales analysis of the payers. Along with that, the report explains the major challenges and risks to face in the forecast period. Market is segmented by Type, by Application, Players, stakeholders and other participants in the global Market will be able to gain the upper hand as they use the report as a powerful resource.
Market segment by Region/Country including:
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Spain etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
• South America (Brazil, Argentina and Colombia etc.)
• Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)
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This research report gives detailed data about the major factors influencing the growth of the Industrial Control & Factory Automation market at the global level forecast of the market size, in terms of value, market share by region and segment, regional market positions, segment and country opportunities for growth, Key company profiles, SWOT Analysis, product portfolio and growth strategies. In this report, the market’s essential sides such as top participants, expansion strategies, business models and other market features to improve market insight.
