The Industrial Control & Factory Automation Market was valued at USD 322.9 Mn in 2021. The market is projected to grow USD 440.05 Mn in 2028, at a CAGR of 4.52%. Government initiatives to promote industrial automation, adoption of emerging technologies such as IoT and AI in industrial environments, emphasis on industrial automation and optimum resource utilization, and fiscal policies formulated by regional financial institutions to keep manufacturing facilities afloat amidst the COVID-19 crisis are among the factors driving the growth of the global industrial control & factory automation market.
Throughout this study, extensive secondary research was conducted to gather information about the global Industrial Control & Factory Automation market. Furthermore, primary research has been conducted to support the stated assumptions and findings about individual businesses. The Industrial Control & Factory Automation market research report is said to be an elementary insightful data about the topological landscape of the companies and respective businesses that have accumulated a highly esteemed place in the global Industrial Control & Factory Automation market.
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We have also provided basic information on its key manufacturers' revenue share, production, consumption volume, sales price, import & export, and gross margin. Furthermore, the Industrial Control & Factory Automation market has been segmented based on upstream raw materials, definitions, downstream consumers, and equipment analysis. The global Industrial Control & Factory Automation market report also includes information on upcoming trends, the competitive landscape, Industrial Control & Factory Automation market influencing factors, and key statistics for a specific industry.
The global Industrial Control & Factory Automation market report has been segmented by application, major manufacturers, product types, and topological zones in order to optimize various industrial approaches, marketing tactics, and global and regional sales impacts on the Industrial Control & Factory Automation market. The Industrial Control & Factory Automation market report thoroughly examines several significant parameters such as Industrial Control & Factory Automation market share, investments, revenue growth, globalized demand and supply factors. The research paper also compares the Industrial Control & Factory Automation market's production value and growth rate across different geographies. Furthermore, it focuses on leading consumers, consumption, product capacity, market share, and expected growth opportunities.
COVID-19 ANALYSIS
The Covid-19 epidemic impacted on the market’s distribution, supply chain & logistics, and manufacturing. The outbreak of Covid-19 has forced governments around the world to deploy severe rules such as lockdown, temporary shutdown, social distancing, caused disruption in production of raw materials and in turn increased costing of raw materials. However, food products were considered as basic necessity by governments allowing spices to be easily available. Furthermore, growing consumer concern related to health is driving the demand of organic and natural spices owing to their immunity-boosting abilities is likely to forecast the global Industrial Control & Factory Automation market.
Top Players involved in this report are:
ABB
General Electric
Honeywell International
Schneider Electric
Endress+Hauser Group Services AG
Rockwell Automation, Inc.
Emerson Electric Co.
Mitsubishi Electric Corporation
Siemens
OMRON Corporation
Texas Instruments Incorporated
Bosch Rexroth AG
Yokogawa Electric Corporation
Others
Global Industrial Control & Factory Automation Market segmentation by Types:
Machine Vision Systems
Industrial Robotics
Sensors and Transmitters
Motors and Drives
Industrial 3D Printers
Vibration Monitoring
Process Analyzers
Others
The Application of the Industrial Control & Factory Automation market can be divided as:
Automotive
Chemicals
Metals & Mining
Semiconductor & Electronics
Pharmaceuticals
Food and Beverage
Oil & Gas
Others
Geographical outlook of this report:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa
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The competitive assessment of the prominent industry players is also encompassed in the global Industrial Control & Factory Automation market which is responsible to recognize direct or indirect competitors present in the industry. It offers company profiles of the Industrial Control & Factory Automation industry players in accordance with product picture and its portfolios, Industrial Control & Factory Automation market plans, and technology. We have also mentioned strength and weaknesses of the Industrial Control & Factory Automation market alongside the competitive benefits which improves productivity and efficiency of the companies.
