As per this study, the Global Industrial Control And Factory Automation Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2028 with a CAGR of XX%.
Industrial control and factory automation involve various control system that is used to reduce human efforts. It is used across several industries such as automotive, oil & gas, food & beverages and others to increase productivity & flexibility, improve work quality, reduce human errors and extends system life.
The market is mainly driven in virtue of rising focus towards industrial automation to reduce human errors & optimum usage of the resource available. Increasing use of advanced technologies across various industries for better productivity with growing government support to increase adoption of technologies is also fueling the market growth. Robust industrialization in developing economies is another factor triggering growth of this market. However, lack of awareness about the market is projected to curb its growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of industrial control and factory automation.
The broad industrial control and factory automation market has been sub-grouped into product and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Field Devices
- Machine Vision
- Motors and Drives
- Relays and Switches
- Other Field Devices
- Industrial Control Systems
- Other Control Systems
- Chemical And Petrochemical
- Food And Beverage
- Oil And Gas
- Other End-User Industries
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for industrial control and factory automation in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Industrial Control And Factory Automation Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the industrial control and factory automation market include ABB Limited, Aspen Technology Inc., Autodesk Inc., Dassault Systemes SE, Emerson Electric Company, General Electric Co., Honeywell International Inc., Mitsubishi Electric Corporation, Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Texas Instruments Inc.
and Yokogawa Electric Corporation
among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.