New York, NY -- (SBWIRE) -- 06/18/2019 -- The global Factory Automation market size is expected to reach $368,372.4 million in 2025, from $190,882.2 million in 2017 growing at a CAGR of 8.8% from 2018 to 2025. Factory automation optimizes the industrial and manufacturing process by ensuring high-quality, consistent products and minimizing human intervention.

The increasing demand for mass production in manufacturing industries is a major driving factor of the factory automation market, because factory automation ensures qualitative, reliable, and consistent results at a lower production cost. As factory automation reduces human intervention, it minimizes qualitative errors and labor cost. Furthermore, increasing adoption of Industry 4.0 and enabling technologies has supplemented the growth of the factory automation market. Moreover, increasing demand for automation in Asian countries, such as China and Japan, is expected to provide lucrative growth opportunities to the manufacturers in this region during the forecast period. However, limited availability of professionals and high investment associated with the implementation and maintenance of factory automation systems could hinder the market growth.

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The Top key vendors in Factory Automation Market include 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

Apart from this, the valuable document weighs upon the performance of the industry on the basis of a product service, end-use, geography and end customer.

The industry experts have left no stone unturned to identify the major factors influencing the development rate of the Factory Automation industry including various opportunities and gaps. A thorough analysis of the micro markets with regards to the growth trends in each category makes the overall study interesting. When studying the micro markets the researchers also dig deep into their future prospect and contribution to the Factory Automation industry.

A high focus is maintained on factors such as demand and supply, production capacity, supply chain management, distribution channel, product application and performance across different countries. The report not only offers hard to find facts about the trends and innovation driving the current and future of Factory Automation business, but also provides insights into competitive development such as acquisition and mergers, joint ventures, product launches and technology advancements.

A quick look at the industry trends and opportunities

The researchers find out why sales of Factory Automation are projected to surge in the coming years. The study covers the trends that will strongly favor the industry during the forecast period, 2019 to 2025. Besides this, the study uncovers important facts associated with lucrative growth and opportunities that lie ahead for the Factory Automation industry.

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KEY MARKET SEGMENTS

BY CONTROL 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

Sensors
Controllers
Switches & Relays
Industrial Robots
Drives
Others

BY END USER

Automotive Manufacturing
Food & Beverage
Oil & Gas Processing
Mining
Others

Region wise performance of the Factory Automation industry

This report studies the global Factory Automation market status and forecast, categorizes the global Factory Automation market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America).

Key points from TOC
CHAPTER 5: Factory automation market, by component

5.1. Market overview

5.1.1. Market size and forecast, by components

5.2. Sensor

5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis, by country

5.3. Controllers

5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis, by country

5.4. Switches & relays

5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market analysis, by country

5.5. Industrial robots

5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market analysis, by country

5.6. Drives

5.6.1. Key market trends, growth factors, and opportunities
5.6.2. Market size and forecast, by region
5.6.3. Market analysis, by country

5.7. Others

5.7.1. Key market trends, growth factors, and opportunities
5.7.2. Market size and forecast, by region
5.7.3. Market analysis, by country

Continue..

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This Factory Automation market report holds answers to some important questions like:

- What is the size of occupied by the prominent leaders for the forecast period, 2019 to 2025?

-What will be the share and the growth rate of the Factory Automation market during the forecast period?

- What are the future prospects for the Factory Automation industry in the coming years?

- Which trends are likely to contribute to the development rate of the industry during the forecast period, 2019 to 2025?

- What are the future prospects of the Factory Automation industry for the forecast period, 2019 to 2025?

- Which countries are expected to grow at the fastest rate?

- Which factors have attributed to an increased sale worldwide?

- What is the present status of competitive development?

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