1 / 5

factory automation market

The global factory automation market is expected to grow to USD 240 billion by 2022 at 8% of CAGR over the forecast period. Rising adoption of automation across industries of chemicals, automotive, and utilities is expected to drive the market demand. According to the International Federation of Robots, there are 2.7 million robots operational as of 2019.

chaitalimahajan
Download Presentation

factory automation market

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. FactoryAutomationMarkettoTouchUSD240billionat8% CAGRby2022|KnowCOVID-19Analysis|TopCompanies (OmronCorporation,ABBLtd,YokogawaElectric Corporation) MarketResearchFuture(MRFR)highlightsthattheNovelCapabilities ofRobotstoSpur“GlobalFactoryAutomationMarket”.ThisReport CoverstheTopCountriesandRegionsoftheWorld,IncludingMarket Share,Size,Trends,Growth,Revenueandmuchmoreacrosstheglobe. Factoryautomationorindustrialautomationistheuseofcomputeraideddevicesforrunning variousprocessesoffactories.Itreducesproductiontimeandstepsupqualityinend products.Theneedformassproductionandthelargedemandbyconsumershaveledto adoptionoftheprocess.TheglobalfactoryautomationmarketreportbyMarketResearch Future(MRFR)takesalookatvariousdriversandhurdlestobefacedbyleadersduringthe periodof2016to2022(forecastperiod).ThesuddenoutbreakoftheCOVID-19virusandthe resultingshutdownofactivitiesforcurbingitsspreadhavebeennotedinthereportandits impactanalyzedwithrespecttogrowthandrevenue. Market Scope Theglobalfactory automation marketisexpectedtogrowtoUSD240billionby2022at8%of CAGRovertheforecastperiod.Risingadoptionofautomationacrossindustriesofchemicals, automotive,andutilitiesisexpectedtodrivethemarketdemand.Accordingtothe InternationalFederationofRobots,thereare2.7millionrobotsoperationalasof2019. Benefits

  2. ofdeploymentofrobotsatmanufacturingsitesforreducingworkplaceinjuriesandenhancingofdeploymentofrobotsatmanufacturingsitesforreducingworkplaceinjuriesandenhancing productioncanbodewellforthemarket. Riseindevelopmentsofindustrialautomation,computeraidedsystems,andengineering technologiesareexpectedtodrivemarketdemandexponentially.Governmentinitiatives encouragingautomationandrapidrateofindustrializationarelikelytodrivethedemandfor programmablelogiccontrollers(PLCs)forcommunicatingwithmajorprocesses.Theevolution ofvoicerecognitiontechnologyandabilityofrobotsinunderstandingspeechcanleadto verbalprogrammingofthemachinesthroughinstructions. Butimplementationcosts,securityconcerns,andlackofstandardspertainingtoindustry4.0 canimpedemarketgrowth. Competitive Outlook OmronCorporation,ABBLtd,YokogawaElectricCorporation,RockwellAutomation,Emerson ElectricCorporation,MitsubishiElectricCorporation,RexrothBoschGroup,Schneider Electric,HoneywellInternationalInc.,andSiemensAGarekeyplayersoftheglobalfactory automationmarket.

  3. GetFreeSampleReport@ https://www.marketresearchfuture.com/sample_request/3565 Segmentation ●Bytype,itissegmentedintointegratedautomation,programmableautomation,flexible automation,andfixedautomation.Thefixedautomationsegmentisexpectedtoreachavalue ofUSD120billionby2022. ●Bytechnology,itissegmentedintohumanmachineinterface(HMI),programmablelogic controller(PLC),distributedcontrolsystem(DCS),supervisorycontrolanddataacquisition (SCADA),andprogrammableautomationcontroller(PAC).TheSCADAsegmentisprojectedto exhibit10%CAGRduringtheforecastperiod.Thefallinrobotpricesandalargepoolof roboticengineersformaintenanceofmachinescandrivesegmentgrowth. ●Byenduserindustries,itissegmentedintoprinting&converting,packaging&processing, semiconductor&electronics,energy&power,automotive,manufacturing,andothers.The manufacturingindustryisslatedtoreachavalueofUSD50billionby2022.Theidentification ofqualityissuesduringmanufacturingtosaveoncostscandrivethesegmentgrowthinthe globalFactoryAutomationmarket. Regional Analysis

  4. TheregionalanalysisoftheglobalFactoryAutomationmarketisbeingstudiedforregionsofTheregionalanalysisoftheglobalFactoryAutomationmarketisbeingstudiedforregionsof AsiaPacific(APAC),NorthAmerica,Europe,andRest-of-the-World(RoW). TheongoingglobaltrendtowardsFactoryAutomationisbeingreflectedinanincreaseinthe numberofindustrialrobotsintheU.S.market.Currently,therehasbeennewsinJapanthat FactoryAutomationhaspavedawayforestablishmentofrobottrainingcenters.Therehas beenanupwardtrendinFactoryAutomationintheAsiapacificnationsincludingVietnam.It isprovedthatusingindustrialrobotshelpssavingtimeandincreasingproductqualityand productioncapacityleadingtoimprovethecompetitiveness. TABLEOFCONTENTS: •MarketIntroduction •ResearchMethodology •MarketDynamics •ExecutiveSummary •MarketFactorAnalysis •FactoryAutomationMarket,BySegments •CompetitiveAnalysis Continued… Ifyouhaveanyrequirements,letknowandwewillcustomizethereportaccordingtoyour need. GetMoreInformation:https://www.marketresearchfuture.com/reports/factory- automation-market-3565 AboutUs: AtMarketResearchFuture(MRFR),weenableourcustomerstounravelthecomplexityof variousindustriesthroughourCookedResearchReport(CRR),Half-CookedResearchReports (HCRR),RawResearchReports(3R),Continuous-FeedResearch(CFR),andMarketResearch& ConsultingServices. ContactUs MarketResearchFuture OfficeNo.528,AmanoraChambersMagarpattaRoad,Hadapsar, Pune-411028 Maharashtra,India +16468459312

  5. Email:sales@marketresearchfuture.com MarketResearchFuture,FactoryAutomation,FactoryAutomationMarket,Factory AutomationMarketGrowth,FactoryAutomationMarketShare,FactoryAutomation MarketSize,FactoryAutomationMarketTrends,FactoryAutomationMarket,Factory AutomationMarketAnalysis,FactoryAutomationMarketDemand,FactoryAutomation MarketForecast

More Related