Factory Automation & Industrial Controls – A Market Overview and Forecast 2020 – 2025, This report presents a profound evaluation of basic elements of Factory Automation & Industrial Controls industry such as production scale and profit generation. Market driving factors, newly adopted technologies, latest business methodologies have been discussed in this report. The report also forecasts the potential of the market and reviews thorough analysis of vital segments and regional markets.
“The Factory Automation and Industrial Controls market was valued at USD 190.83 billion in 2019and is expected to reach USD 315.29 billion by 2025, at a CAGR of 9% over the forecast period 2020 – 2025.”
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Digitization and Industry 4.0 revolution have significantly stimulated the growth of automation among various industries, by necessitating the use of smarter and automated solutions, such as robotics and control systems, to improve production processes.
– The increasing adoption of smart systems, components, and smart machinery and equipment, for the improvement of processes through automation and self-optimization, has resulted in the development of smart factories for planning, supply chain logistics, and product development. Increasingly, various manufacturing industries are striving to become smart factories.
– There has been an exponential rise in labor costs across various regions. In addition, the quality requirements are also getting more stringent. Against this backdrop, factory automation can cause a reduction in production, operation, and labor costs.
The factory automation and industrial control systems market is highly competitive and consists of several major players. The market appears to be moderately concentrated. The major players with prominent shares in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market shares and profitability. The companies operating in the market are also acquiring start-ups working on factory automation and industrial control systems to strengthen their product capabilities.
Scope of the Report
The factory automation and industrial control is a rising trend in the manufacturing industry, which provides smart manufacturing infrastructure. Industrial control and factory automation facilitate cost efficiency, quality of production and standardize manufacturing, reliability, and flexibility in the process of manufacturing. Industrial control and factory automation offer a perfect mix of mechanical components and devices for the information technology market.
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Furthermore, this study will help to solve the following issues:
- Cyclical dynamics-Report foresees dynamics of industries by using core analytical and unconventional market research approaches.
- Identifying key cannibalizes– Strong substitute of a product or service is that the most prominent threat. Report includes key cannibalizes of a market, by procuring marketing research. This helps in aligning new product development/launch strategies before.
- Spotting emerging trends– Report helps to identify upcoming hot market trends. Report also track possible impact and disruptions which a market would witness by a specific emerging trend.
- Interrelated opportunities–This report will allow making decisions based on data, thereby increasing the chances that the strategies will perform better.
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The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.
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