Anticipated Growth in Revenue:
The 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:
A comprehensive market assessment report that includes a detailed analysis of the constantly changing competitive landscape was recently released by Maximize Market Research. Supported by market share data and comprehensive profiles of possible international competitors, the report provides insightful analysis. In doing so, it positions itself as an essential resource for stakeholders looking for strategic clarity by highlighting key factors influencing regional growth disparities within the industry.
Factory Automation Market Scope:
After conducting a thorough market estimation phase, we carried out extensive primary research with an emphasis on obtaining, evaluating, and verifying crucial data. Predicting trends, pinpointing important variables, and guaranteeing data accuracy via exacting statistical techniques were all part of this endeavor. Using a combination of top-down and bottom-up methods, we thoroughly examined market segments and subcategories. Every dataset was subjected to thorough qualitative and quantitative analysis, ensuring that the final report contained reliable insights.
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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:
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.
To know more details, visit in depth study Report
Factory Automation Market Regional Insights:
The report provides a thorough analysis of the factors influencing growth in various regions while highlighting notable regional variations within the market. To provide precise regional insights, our extensive research evaluated the market's size, projected trends, and carefully verified data. Stakeholders can better grasp regional dynamics and spot growth prospects with the aid of this analysis.
Key questions answered in the Factory Automation Market are:
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