Factory automation involves a set of technologies and control devices that enhance productivity, as well as the quality of products, while decrease the production cost. Factory automation regulates industrial processes and guarantees consistent, superior-quality results, which in turn has helped it to gain high demand in various industries for qualitative manufacturing. Moreover, it fulfils the demand of mass production in industries attributing to its features such as improved quality, minimal human intervention, and lesser labor expenses, which result in least overall operational cost.
The major factor that is boosting the growth of the factory automation market is the adoption of IoT and constant improvement in industrial robotics. In addition, demand for safety compliance automation products is further expected to provide significant growth opportunities for the factory automation market in the near future. However, significant capital investments for establishing an error-free automation system is anticipated to pose a big challenge in the growth of the factory automation market.
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Leading Factory Automation Market Players:
- ABB Ltd.
- Emerson Electric Company
- Fanuc Corporation
- GE Company
- Honeywell International Inc.
- Mitsubishi Electric Corporation
- Omron Corporation
- Robert Bosch GmbH
- Rockwell Automation, Inc.
- Siemens AG
The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc. The complete profile of the companies is mentioned. And the Factory Automation market size, capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report.
The report also includes the profiles of key Factory Automation market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
The segments and sub-section of Factory Automation market are shown below:
Covid-19 Impact and Global Analysis –
- by Type (Programmable Automation, Fixed Automation, Integrated Automation, Flexible Automation); Product (Sensors, Controllers, Industrial, Robots, Drives, Others); Technology (Programmable Logic Controller (PLC), Distributed Control System (DCS), Supervisory Control and Data Acquisition System (SCADA), Human Machine Interface (HMI), Others); Industry Vertical (Automotive, Food and Beverage, Oil and Gas, Manufacturing, Mining, Others)
The COVID-19 IMPACT outbreak pandemic is adversely affecting economies and industries in various countries due to government-imposed lockdowns and travel bans, and business shutdowns. The consumer goods is one of the major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns. The shutdown of various plants and factories in North America, Europe, Asia Pacific, South America, and the Middle East and Africa has restricted the global supply chain and negatively impacted the manufacturing activities, delivery schedules, and product sales. Furthermore, various companies have already predicted possible delays in product deliveries and slump in future sales of their products
Major Key Points of Factory Automation Market
- Factory Automation Market Overview
- Factory Automation Market Competition
- Factory Automation Market, Revenue and Price Trend
- Factory Automation Market Analysis by Application
- Company Profiles and Key Figures in Factory Automation Market
- Market Dynamics
- Methodology and Data Source
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