EINPresswire-600565632-factory-automation-market-worth-usd-531-bn-by-2029-competitive-landscape-new-market-opportunities-growth-hubs-roi (1)
                     Factory Automation Market worth USD 531 Bn
by 2029: Competitive Landscape, New Market
Opportunities, Growth Hubs, ROI
The factory Automation Market was
valued at USD 268.46 Billion in 2021, and
is expected to reach USD 531.01 Billion by
2029, exhibiting a CAGR of 8.9 %.
PUNE, MAHARASHTRA, INDIA,
November 10, 2022 /
EINPresswire.com/ -- According to the
“Factory Automation Market” report
published by Maximize market
Research, the market is expected to
grow from USD 268.46 billion in 2021
to USD 531.01 billion in 2029, at a
CAGR of 8.9 percent for the forecast
period from 2022 to 2029.  
Factory Automation Market
Factory Automation Market Scope and
Research Methodology
The report on Factory Automation Market is a comprehensive analysis that covers trends and
highlights prevailing in the Factory Automation Market, helping clients explore the opportunities
and formulate strategies in the market. Analysis of key market players and new entrants is
provided based on goods and services offered, revenue, financial status, portfolio, growth
strategies, and regional presence. Recent developments regarding acquisitions and mergers, and
the strategic stance of the companies with information on joint alliances give an accurate picture
of the competitive landscape in the Factory Automation Market. To understand the products and
services of the Factory Automation Market, segment-wise analysis is conducted by type, function
and end-use industry equipped with factors affecting the market and current technological
changes and innovations adopted. The report also explains in detail the drivers, challenges,
restraints and challenges of the Factory Automation Market. Regional analysis of the market
focusing on the local, regional and global levels is provided to prove as a guide for market
followers and entrants to develop pricing and marketing strategies. 
The bottom-up approach was used for market estimation and global market trend analysis. Data
was collected employing both primary and secondary research methods for a large sample to
get accurate inferences. Surveys, administering
questionnaires and telephonic interviews with industry
specialists, market leaders, entrepreneurs and marketing
North America held the
professionals were included in the primary methods.
highest revenue share in the
Secondary data was meticulously collected from a curated
Factory Automation Market.
selection of sources for maximum reliability of the
This was mainly due to the
inferences. This includes official databases of various
regional demand for
organisations and government sites, industry journals,
automation in
white papers, annual reports, releases of product
manufacturing line that
manufacturers and suppliers in the industry along with
boosted the regional Market
paid databases. SWOT analysis was conducted to
growth.”
understand the strengths and weaknesses of key
MMR
companies and PESTLE to grasp the various factors
affecting the market. Thus the report provides a complete overview of the Factory Automation
Market.  
Request a Sample now to gain a better understanding of the Factory Automation Market:
https://www.maximizemarketresearch.com/request-sample/63386 
Factory Automation Market Overview
Factory automation refers to the automation of the entire manufacturing process. This involves
the incorporation of robotic arms, CNC (Computer Numerical Control), hydraulic systems and
other computer-controlled devices to boost quality, efficiency, security and sustainability.
Industrial factory automation in today’s age proves to give a competitive edge over other
competitors by increasing output while reducing the costs of the products. Automation also
removes the possibility of human error in the production process while guaranteeing the safety
of workers while using hazardous equipment.
Awareness regarding the reduction of wastage and efficient fuel use has been increasing. The
growing population is increasing the demand for mass production in developing economies.
These factors are driving the Factory Automation Market for the forecast period.
Factory Automation Market Dynamics
With everything ‘smart’ taking over the global market, manufacturers are seeking smart
industrial factory automation services that are a mix of information technology and machine
learning. The demand for Factory Automation Market has been on the rise given the advantages
that are provided which include- consistent results, reduction in human error and reducing the
cost of manufacturing. This development is expected to increase the demand for Factory
Automation Market and lead to its growth for the forecast period.
The rise of mass production in the market while keeping the quality of the goods at its peak is an
ongoing trend globally. This shift is witnessed because of an increase in global demand and
companies wanting to reap the benefits of economies of scale since the production of more
units reduces cost and increases profit margin. Coupled with high accuracy, such advances in the
global market are expected to fuel the Factory Automation Market growth.
Advancements in the Factory Automation Market with the advent of digitization and AI (Artificial
Intelligence) are being incorporated in the Factory Automation Market. Demand for IoT (Internet
of Things) based smart factory automation solutions have been on the rise leading to a
transformation of traditional manufacturing to smart technology-based manufacturing. This shift
in manufacturing preferences is expected to increase demand for Factory Automation Market.
Factory Automation Market Regional Insights
North America held the highest revenue share in the Factory Automation Market. This was
mainly due to the regional demand for automation in the manufacturing line that boosted the
regional Factory Automation Market growth. Reduction in wastage and the demand for energy-
efficient solutions are also driving the regional Factory Automation Market growth. Network
Security organisations are concentrated in the region, fuelling the Factory Automation Market
growth in the region.
In 2021, Europe witnessed growth in the Factory Automation Market. This growth was on the
account of increased demand for control systems in the oil and gas industry. Industries such as
oil and gas, wastewater and power infrastructure have been developing in the region. This
development established the need for industrial factory automation, proving to be a major
driver for the Factory Automation Market growth.
Heavy investments in power transmission and distribution in the Asia-Pacific region were
responsible for driving the growth of the Factory Automation Market. Countries like China and
India that carriers more than 30 percent of the world population have fuelled the demand for
mass production in the Asia-Pacific region. Increased demand for cloud-based solutions and
huge infrastructure investments in emerging countries is driving the regional Factory
Automation Market growth.
Would you like to ask a question? Ask Our Expert:
https://www.maximizemarketresearch.com/request-sample/63386 
Factory Automation Market Segmentation
By Control and Safety: 
Distributed Control System (DCS)
Supervisory Control and Data
Acquisition System (SCADA)
Manufacturing Execution System
(MES)
Safety Instrumented System (SIS)
Programmable Logic Controller
(PLC)
Human Machine Interface (HMI)
By Component: 
Sensor
Controller
Switch & Relay
Industrial Robot
Drive
Others
By Industry Vertical:
Automotive Manufacturing
Food & Beverage
Oil & Gas Processing
Mining
Others 
Directly Purchase a copy of the Factory Automation Market report:
https://www.maximizemarketresearch.com/checkout/?method=PayPal&reportId=63386&type=Si
ngle%20User 
Factory Automation Market Key Competitors: 
ABB Ltd
Emerson Electric Company
GE Company
Honeywell International Incorporation
Mitsubishi Electric Factory Automation
Omron Corporation
Rockwell Automation, Inc.
Schneider Electric SA
Siemens AG
Yokogawa Electric Corporation
Kuka AG
Keyence Corporation
Fanuc Corporation
Bosch Rexroth
Fuji Electric Co., Ltd.
Endress+Hauser
Hitachi Ltd.
Key questions answered in the Factory Automation Market are: 
What is Factory Automation? 
What is the growth rate of Factory Automation Market for the next five years? 
What is the nature of competition in Factory Automation industry in developed economies and
developing economies? 
Who are the key players in the Factory Automation Market?
Who are the market leaders in Factory Automation in Europe
Who are the market leaders in Factory Automation in USA and Canada
Who are the market leaders in Factory Automation in India, China, Japan and South Korea?
What are the factors affecting growth in the Factory Automation Market? 
Who held the largest market share in Factory Automation Market? 
What are the factors for the growth of Asia-Pacific region in Factory Automation Market?
Key Offerings:
Market Share, Size & Forecast by Revenue | 2022−2029
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
Market Segmentation – A detailed analysis by Route of administration, Application, Facility of use
and Region and Region
Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Maximize Market Research is leading automation and process control research firm, has also
published the following reports:
Industrial Automation Market -The Industrial Automation Market size is expected to reach USD
217.2 billion by 2029 at a CAGR of 8.5 percent during the forecast period. The Industrial
Automation Market is expected to be driven by increasing demand for intelligent business
process automation, rising focus on real-time data analysis and increased need for safety
measures in manufacturing. 
Industrial Robotics Market -The Industrial Robotics Market size is expected to reach USD 809.20
billion by 2029 at a CAGR of 6 percent during the forecast period. The Industrial Robotics Market
is expected to be driven by high demand for automation, increased investment in research and
development and high labour cost. 
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with
professionals from several industries. Some of the industries we cover include medical devices,
pharmaceutical manufacturers, science and engineering, electronic components, industrial
equipment, technology and communication, cars and automobiles, chemical products and
substances, general merchandise, beverages, personal care, and automated systems. To
mention a few, we provide market-verified industry estimations, technical trend analysis, crucial
market research, strategic advice, competition analysis, production and demand analysis, and
client impact studies.
Contact Maximize Market Research:
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Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
[email protected]
+91 96071 95908, +91 9607365656
Geeta Yevale
Maximize Market research
+ +91 7263803166
email us here
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