Factory Automation Market size was valued at US$ 195 Billion in 2020 and the total Factory Automation revenue is expected to grow at 8.8% through 2021 to 2027, reaching nearly US$ 351.9 Billion.
Factory Automation Market Overview:
Factory Automation Market 2021 by Manufacturers, Regions, Type and Application, forecast to 2027, published by Maximize Market Research, is the culmination of thorough primary and secondary research. The study completely examines analysed insights in light of the market, as well as its ever-changing trends, industry environment, and all of the market's leading elements. This research approach was used to investigate the Factory Automation market, and the results were logically presented in this report.
Market Scope:
Factory Automation Market 2021 research report 2027 includes crucial statistics and analytical insights to provide a comprehensive understanding of the market size, share, growth, trend, demand, top player and industry profile, opportunities, value cycle, end-users, technology, types, and application. The research will also include accessible opportunities in micro markets for stakeholders to invest, as well as a full analysis of the competitive landscape and significant competitors' product offers.
The qualitative and quantitative data in the Factory Automation market report can assist decision-makers in determining which market segments, regions, and variables driving the market are likely to develop at higher rates, as well as major opportunity areas. The research also highlights the competitive landscape of leading industry players as well as upcoming market trends.
PESTEL Analysis:
Maximize Market Research's report includes a PESTEL Analysis, which aids in the development of company strategies. Political variables can help you figure out how much a government can influence the Factory Automation market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Factory Automation market. Marketing analytics and tactics are aided by social elements. Understanding the impact of the surrounding environment and the influence of ecological concerns on the Factory Automation market is aided by legal factors.
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Segmentation:
In the year 2020, the hardware sector dominated the industrial automation market by component. During the forecast period, the software segment is expected to increase the most (2021-2027). This is due to the availability and demand for various automation software such as HMI (Human-Machine Interface), MOM (Manufacturing Operations Management), and SCADA (Supervisory Control and Data Acquisition). In the same forecast period, however, the hardware category is expected to rise due to the high demand for industrial robots.
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Key Players:
• Bosch Rexroth
• Fuji Electric Co., Ltd.
• Endress+Hauser AG
• Hitachi Ltd.
• Legrand Holding Inc
• Kontron Inc
• Baldor Electric Company
• SICK AG
• General Cables Corp
• Pepperl+Fuchs
• Danaher Corp
• ABB Ltd.
• Emerson Electric Company
• GE Company
• Honeywell International Incorporation
• Mitsubishi Electric Factory Automation
• Omron Corporation
• Rockwell Automation, Inc.
• Schneider Electric SA
• Siemens AG
• Yokogawa Electric Corporation
• Kuka AG
• Keyence Corporation
• Fanuc Corporation
The competitive landscape is a critical aspect every key player needs to be familiar with. The report throws light on the competitive scenario of the Factory Automation market to know the competition at both the domestic and levels. The key aspects such as areas of operation, production, and product portfolio. Additionally, companies in the report are studied based on key factors such as company size, market share, market growth, revenue, production volume, and profits.
In additional Factory Automation Market Share analysis of players, in-depth profiling, product/service and business overview, the study also concentrates on BCG matrix, heat map analysis, Competitive Benchmarking along with SWOT analysis to better correlate market competitiveness.
Regional Analysis:
Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of Factory Automation market in these countries, which covering North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and Middle East and Africa.
COVID-19 Impact Analysis on Factory Automation Market:
COVID-19 has a thorough impact on the Factory Automation market in North America, Asia Pacific, the Middle East, Europe, and South America, according to the report. During this crisis, the report presents a comprehensive examination of alternatives, challenging conditions, and difficult situations in the Factory Automation market. The study briefly discusses the benefits as well as the challenges of the COVID-19 in terms of funding and market expansion. In addition, the study includes a collection of principles that are intended to assist readers in deciding and planning a corporate strategy.
Key Questions answered in the Factory Automation Market Report are:
- Which product segment grabbed the largest share in the Factory Automation market?
- How is the competitive scenario of the Factory Automation market?
- Which are the key factors aiding the Factory Automation market growth?
- Which region holds the maximum share in the Factory Automation market?
- What will be the CAGR of the Factory Automation market during the forecast period?
- Which application segment emerged as the leading segment in the Factory Automation market?
- Which are the prominent players in the Factory Automation market?
- What key trends are likely to emerge in the Factory Automation market in the coming years?
- What will be the Factory Automation market size by 2027?
- Which company held the largest share in the Factory Automation market?
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