Factory Automation Market Size, Trends, Growth Factors, Developments, Competitive Landscape, Future Plans and Comprehensive Research Study 2022

iCrowd Newswire
31 Jul 2020, 10:24 GMT+10

Market Research Future published a research report on "Factory Automation Market Research Report- Global Forecast 2022" - Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.

Factory Automation Market - Overview

By 2020, the factory automation market size expand substantially owing to increased adoption by market contenders. the insights into the semiconductors and electronics industry are advanced by Market Research Future, which concentrates on reports on industry verticals that review the market options for growth. An income grossing worth USD 240 Billion is projected to be achieved by 2022 while developing at an 8 % CAGR.

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The necessity to function multiple procedures in a controlled manner is expected to improve the factory automation market. The requirement to replace human involvement from dangerous areas of work is projected to further intensify the extension of the factory automation market in the coming period.

Key Players

The prominent players in the Factory Automation Market are - Siemens AG, ABB Ltd, Emerson Electric Corporation, Rockwell Automation, Honeywell International Inc., Schneider Electric, Rexroth Bosch Group, Mitsubishi Electric Corporation, Yokogawa Electric Corporation, and Omron Corporation.

Market Segmentation:

The segmentation evaluation of the factory automation market is conducted on the basis of type, technology, end-user industries and region. Based on the type, the factory automation market is segmented into programmable automation, fixed automation, flexible automation and integrated automation. On the basis of technology, the factory automation market is segmented into Distributed Control System (DCS), Programmable Automation Controller (PAC), Supervisory control and data acquisition (SCADA), Human Machine Interface (HMI) and Programmable Logic Controller (PLC). Based on the end-user industries, the factory automation market is segmented into packaging & processing, semiconductor & electronics, automotive, energy & power, manufacturing, printing & converting and others. Based on the regions, the factory automation market comprises of APAC, North America, Europe and the other global regions.

Regional Analysis:

The regional investigation of the factory automation market encompasses regions such as APAC, North America, Europe and the other global regions. The continuing international trend concerning factory automation is being replicated in an upsurge in the number of industrial robots in the national U.S. market. Presently, factory automation has also paved the way for the establishment of robot training centers in countries such as Japan. Moreover, there has been a rising trend for factory automation in the Asia Pacific nations including Vietnam. As it has been proved that the use of industrial robots helps in saving time and growing product quality and production volume contributing to improving competitiveness.

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Industry Updates:

Dec 2019 Omron has commenced the sixth wave of its factory automation control devices manufactured on a shared design platform for additional innovation in control panel construction. To achieve this objective, Omron presented Panel Solution, a combined design and dimension for control panel equipment, along with the company's exclusive wiring technique, screwless Push-In Plus technology.

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