Factory Automation Market Overview: The Factory Automation market research provides a full competition picture, including the market share and company profiles of the major players in the worldwide industry. The scope of the research covers a complete examination of the Factory Automation Market, as well as the causes for variances in the industry's growth in different areas.
Market Scope: To locate and collect material appropriate for this study, this research study makes considerable use of secondary sources, directories, and databases such as annual reports, press releases, journals, corporate websites, and databases.
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This Factory Automation market report covers new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographies, and product approvals, product launches. To learn more about Maximize Market Research Factory Automation market, please contact us for an Analyst Brief; our experts will assist you in making an informed market choice to achieve your goals.
Segmentation:
Based on Component, Industrial Robots dominated the factory automation market in 2021 and is expected to grow at a CAGR of 6.4% during the forecast period. The demand for industrial robot is majorly observed in automobiles and heavy engineering industries. Moreover, increased need for smart production in non-conventional areas, such as microelectronics, has increased the demand for industrial robots. The heavy engineering sector is also responsible for the increased demand of industrial robot, to perform critical task in optimized time and maintaining safety at workplace.
Key Players: The entire approach involves a review of the financial reports of the major market participants. Following the determination of the overall market size, the complete market was divided into many segments and sub-segments and checked with key industry professionals such as CEOs, VPs, directors, and marketing executives. The major players in the Factory Automation market are
• 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
• Bosch Rexroth
• Fuji Electric Co., Ltd.
• Endress+Hauser
• Hitachi Ltd.
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Regional Analysis: The region portion of the Factory Automation market study also includes individual market affecting elements and changes in legislation in the market that affect present and future market trends. Current and future trends are discussed in order to estimate the entire market potential and to highlight profitable trends in order to obtain a firmer footing. The geographic market assessment is based on the existing scenario and predicted developments.
COVID-19 Impact Analysis on Factory Automation Market:
Following the outbreak of the pandemic, end-user sectors where Factory Automation are used had a fall in growth from January to May in a variety of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a suspension in operations. This resulted in a major decrease in the revenues of firms operating in these industries and, as a consequence, in demand for Factory Automation manufacturers, influencing the growth of the Factory Automation market in 2020. With lockdowns and a rising number of COVID-19 cases throughout the world, the demand for Factory Automation from end-user businesses has decreased significantly.
Key Questions Answered in the Factory Automation Market Report are:
- Which are the major companies in the Factory Automation market?
- Which is the potential market for Factory Automation in terms of the region?
- What are the opportunities for new market entrants?
- What is expected to drive the growth of the market in the next seven years?
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