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Market Overview of Global Factory Automation market:
According to our latest research, the global Factory Automation market looks promising in the next 5 years. As of 2022, the global Factory Automation market was estimated at USD 147052.0 million, and it's anticipated to reach USD 225240.0 million in 2028, with a CAGR of 7.36% during the forecast years.
Factory Automation or automatic control is the use of various control systems for operating equipment such as machinery, processes in factories, boilers and heat treating ovens, switching on telephone networks, steering and stabilization of ships, aircraft and other applications and vehicles with minimal or reduced human.
Government policy control in some regions
Due to the industry characteristics of Factory Automation, all regions of the world have strict industrial policies and market access standards for the Factory Automation industry. Due to the close relationship between industrial automation and the labor force, the regional government requirements are stricter in terms of safety standards, so as to ensure that the safety performance of products meets the standards. Therefore, the strictness of policies and market standards may affect the rapid growth of the market to a certain extent.
The impact of raw material prices on production costs
Many of Factory Automation products are made of metal, and the increase in the price of metal will increase the production cost of factory automation products. Coupled with the flow of some suppliers, core technicians, and rising global labor costs, this will have an impact on the pricing of factory automation products, leading to a certain increase in their prices.
Upgrade product performance
Automation has dramatically changed the way production is done in the industrial sector by reducing manufacturing time and production costs. In the future, suppliers will focus on developing technologies for industrial automation products, such as the Internet of Things, and some improvements in mechanical automation technology for downstream customers. Provide better quality and lower price products.
Development of downstream industry
With the further development of society, the world's major industries are also developing. For example, the chemical industry, automobile manufacturing, has always been the lifeblood of the global economy. Due to the rising cost of human resources, the global population aging phenomenon has intensified. Coupled with the booming of these industries, there is bound to be an increase in demand for communist automation product
Region Overview:
In 2022, the share of the Factory Automation market in Europe stood at 31.77%.
Company Overview:
Siemens is one of the major players operating in the Factory Automation market, holding a share of 13.22% in 2023.
Siemens
Siemens AG offers power and energy solutions to companies in the energy and electricity industry. The company develops and builds fossil fuel power plants and power-generating components, as well as offers gas turbines, steam turbines, generators, gas turbine packages, steam turbine packages, compressors, fans, instrumentation and controls, electrical systems, wind turbines, fuel cells, fuel gasifies, turbochargers, and environmental systems.
Emerson
Emerson Electric Co., a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.
Segmentation Overview:
By type, Programmable Automation segment accounted for the largest share of market in 2022.
Programmable Automation
In programmable automation, production equipment is designed to change the sequence of operations to suit different product configurations. The sequence of operations is controlled by a program, which is a set of coded instructions. This way they can be read and interpreted by the system. New programs can be prepared and entered into the device to produce new products.
Fixed Automation
Fixed automation, also known as "hard automation," refers to automated production facilities where the order of processing operations is fixed by the equipment configuration. In fact, programmed commands are included in the machine in the form of cams, gears, wiring, etc.
Application Overview:
By application, the Automotive Manufacturing segment occupied the biggest share from 2018 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Factory Automation market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Factory Automation Market Report:
Market Size Estimates: Factory Automation market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Factory Automation market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Factory Automation market
Segment Market Analysis: Factory Automation market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Factory Automation market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Factory Automation Market: Revenue and sales volume of major countries in each region
Factory Automation Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Factory Automation market in major regions.
Factory Automation Industry Value Chain: Factory Automation market raw materials & suppliers, manufacturing process, distributors, downstream customers
Factory Automation Industry News, Policies & Regulations
Key players in the global Factory Automation market are covered in Chapter 12:
Honeywell
Schneider Electric
FANUC
Delta
Emerson
Keyence Corporation
Omron
Rockwell Automation
Yokogawa Electric Corporation
Mitsubishi Electric
Siemens
Bosch Rexroth
ABB
Fuji Electric
Yaskawa
KUKA
In Chapter 2 and Chapter 15.1, based on types, the Factory Automation market from 2018 to 2028 is primarily split into:
Programmable Automation
Fixed Automation
In Chapter 3 and Chapter 15.2, based on applications, the Factory Automation market from 2018 to 2028 covers:
Automotive Manufacturing
Food & Beverage
Oil & Gas Processing
Chemical Industry
Electronics Manufacturing
Mining
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Factory Automation market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028