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Smart Factory Market 2018 Global Key Players Analysis, Opportunities and Growth Forecast to 2022

Smart Factory Market, by Components (Industrial Robotics, Control Devices, Sensors and Actuators), by Technology (ERP, SCADA, PAC, PLC, DCS, HMI), by End-User (Machine Manufacturing, Oil & Gas, Aerospace & Defense, Electrical & Electronics, Automotive & Transportation) – Forecast to 2022


Pune, India -- (SBWIRE) -- 02/09/2018 -- Smart Factory Market Global Market - Overview

The smart factory is a technological revolution in the manufacturing sector which can be operated through the digital network. This technological revolution is proficient enough to adapt, adjust and transmit the data at real time which defines the smart factory as more agile, precise, and predictive system characteristics as compared to the existing technology. The increase adoption rate of industrial robotics and rising awareness of cloud based automation system integrated with Industrial Internet of things (IIoT) are expected to drive the market over the forecast period. On the other hand, high cost of installation industries to modernize the existing technology used in the industries is expected to hinder the growth of the smart factory market over the review period.

Smart Factory consists of different technologies such Enterprise resource planning (ERP), Supervisory control and data acquisition (SCADA), Programmable Automation Controller (PAC), Programmable Logic Controller (PLC), Distributed Control System (DCS) and Human Machine Interface (HMI). Enterprise resource planning (ERP) is the real time management of business processes facilitated by software. Supervisory control and data acquisition is a controlled system architecture which uses computers, graphical user interfaces and network data communications for high-level processes. Human Machine Interface includes the electronics required to signal and control the state of Smart Factory equipment.

The industry players are emphasized on improving the efficiency of manufacturing process which is the major driver in Smart Factory market. Apart from it, developments in internet of things (IoT), focus on power consumption are the factors driving Smart Factory. Usage of robots in has been a market trend. The shortage of skilled and trained workers is observed as a threat in smart factory market. The study indicates that many organizations have increased investments in big data analytics, internet of things (IoT) and cloud technologies which is a booster for the smart factory market.

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Some of the major players in Global Smart Factory Market include Siemens AG (Germany), ABB Ltd. (Switzerland), Emerson Electric Company (U.S.), Robert Bosch GmbH (Germany), General Electric Company (U.S.), Honeywell International, Inc. (U.S.), Cognex Corporation, Oracle Corporation (U.S.), IBM Corporation (U.S.), Yokogawa Electric (Japan), Ametek, Inc. (U.S.), Rockwell Automation, Inc. (U.S.) and Fanuc (Japan) among others, are profiled in MRFR Analysis and are at the forefront of competition in the global Smart Factory market.

Industry News

January 2018, Rockwell Automation evolved new offering from device to business enterprise to resolve the analytical tools. In order to enhance the productivity and operating efficiency rock well automation had evolved the Allen-Bradley ControlLogix, Allen-Bradley CompactLogix 5480 controller, and Allen-Bradley VersaView 5000. With these modules the connected enterprise will be able to reslove the complex analytical hurdles by the management authorities.

January 2018, Covestro selected Emerson electric solutions to improve the uptime and operational performance. Emerson Electric Corporation has selected by the Covestro, one of the world's largest polymer companies, to offer Industrial Internet of Things (IIoT) the Software-as-a-Service technologies, for remote monitoring and predictive maintenance and provide aid to the chemical manufacturer to minimize the risk and enhance uptime at nine high-utilization plants.

Smart Factory Market Global Market - Regional Analysis

Asia Pacific is expected to dominate the global smart factory market with the largest market share in the region. China, India, and Japan are the prominent countries leading in the region attributed to increased adoption of industrial robotics system in the process and machine manufacturing industries. North America is expected to have a steady growth rate of the smart factory market. The U.S and Canada are the leading countries in the region. This is due to robust connected infrastructure in the region which is expected to drive the market. Europe is also expected to have a considerable amount of growth of the market over the forecast period.

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Smart Factory Market Global Market- Segmentation

Segmentation by Technology: Enterprise resource planning (ERP), Supervisory control and data acquisition (SCADA), Programmable Automation Controller (PAC), Programmable Logic Controller (PLC), Distributed Control System (DCS), Human Machine Interface (HMI) and others.
Segmentation by Components: Industrial robotics, Control devices, Sensors & Actuators and Others.
Segmentation by Industrial Networks: RFID System, Wireless Networks, Wired Networks and Others.
Segmentation by End Users: Chemical & Manufacturing, Energy & Utilities, Power, Water & Waste management Transportation Systems and Others.
Segmentation by Region: North America, Europe, Asia Pacific, Rest of the World.

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