Factory Automation Market Segmented By Component (Controllers, Sensor, Switches & Relays, Drives, Industrial Robots, and Others), By Control and Safety System (SCADA, DCS, MES, PLC, SIS, HMI), By Industry Vertical (Food & Beverage, Automotive Manufacturing, Mining, Oil & Gas Processing, and Others), and By Region (North America, Latin America, Europe, Middle East and Africa, Asia Pacific, and Rest of the world) – Key Insights and Impact of COVID-19 on the Global Market Growth 2021-2026
Factory Automation Market Introduction:
Factory Automation Market size is valued to be USD 2 billion in 2021, and it is expected to reach USD 3.7 billion by the end of 2026, with growth at a CAGR of 8.9% during the forecast period of 2021 to 2026.
Factory automation indicates a set of automatic control devices and technologies to improve the efficiency and value of products and at the same time reduce the production price. Also known as industrial automation, it diminishes human interference in the industry and safeguards a higher performance as related to humans. It encompasses the robots, use of computers, control systems, and information technologies to switch industrial processes.
Factory Automation Market Segmentation:
Factory Automation Market is segmented based on Component, Control and Safety System, and Industry Vertical.
Based on the Component, the market is sub-segmented into sensors, Controllers, Drives, Industrial Robots, Switches & Relays, and Others. Based on Control and Safety System, it is divided into Supervisory Control and Data Acquisition System (SCADA), Distributed Control System (DCS), Manufacturing Execution System (MES), Programmable Logic Controllers (PLC), Safety Instrumented System (SIS), and Human Machine Interface (HMI). and based on Industry Vertical into Food & Beverage, Automotive Manufacturing, Mining, Oil & Gas Processing, and Others.
Global Classification of the Factory Automation Market:
Geographically the global factory automation market classified into North America into the USA, Canada. By Latin America into Brazil, Argentina, Mexico. By Europe into UK, Germany, Spain, France, London, Italy, and rest of the European countries. The Middle East and Africa into KSA, UAE, Qatar, & South Africa. The Asia Pacific into India, China, Japan, Malaysia, Singapore, Australia, and the Rest of the APAC countries.
The top players in this global factory automation market have implemented numerous strategies to withstand the market rivalry. Some have invented innovative technologies and structures to enlarge the portfolio of the factory automation systems and have seen important global factory automation market growth.
Major Key Players Covered in the global Market:
Mitsubishi Electric Factory Automation, ABB Ltd, Siemens, Emerson Electric Corporation, Honeywell International Incorporation, Omron Corporation, Schneider Electric SA, Rockwell Automation, Inc., Yokogawa Electric Corporation, and GE Company.
- Switches & Relays
- Industrial Robots
By Control and Safety System:
- Supervisory Control and Data Acquisition System (SCADA)
- Distributed Control System (DCS)
- Manufacturing Execution System (MES)
- Programmable Logic Controllers (PLC)
- Safety Instrumented System (SIS)
- Human Machine Interface (HMI)
By Industry Vertical:
- Food & Beverage
- Automotive Manufacturing
- Oil & Gas Processing
- North America
- Latin America
- Middle East and Africa
- Asia Pacific
- Rest of the World
Major Key Players:
- Mitsubishi Electric Factory Automation
- ABB Ltd
- Emerson Electric Corporation
- Honeywell International Incorporation
- Omron Corporation
- Schneider Electric SA
- Rockwell Automation, Inc.
- Yokogawa Electric Corporation
- GE Company
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