Factory Automation and Industrial Control System Market Size Was Valued at USD 232.56 Billion in 2022, and is Projected to Reach USD 480.67 Billion by 2030, Growing at a CAGR of 9.5% From 2023-2030.
The Factory Automation and Industrial Control System market is expanding quickly as a result of the growing use of automation technologies in a variety of industries. These systems are essential for increasing productivity, safety, and operational efficiency while lowering labor expenses and the frequency of human error. The need to meet strict regulatory standards, enhance quality control, and streamline production processes are the main reasons for the market's expansion. Real-time data gathering, analysis, and monitoring are made possible by industrial control systems and factory automation. This enables manufacturers to decrease downtime, streamline manufacturing processes, and react swiftly to shifting customer demands.
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Top Market Players Covered in the Factory Automation and Industrial Control System Market :
Schneider Electric SE, Rockwell Automation Inc., Honeywell International Inc., Emerson Electric Company, ABB Ltd, Mitsubishi Electric Corporation, Siemens AG, Omron Corporation, Yokogawa Electric Corporation, General Electric Co., Texas Instruments Inc., Robert Bosch GmbH and Other Major Players.
The global Factory Automation and Industrial Control System Market research investigates the market in-depth and offers a comprehensive analysis of the major growth determinants, Global Factory Automation and Industrial Control System Market share, current trends, key players, and their future predictions. In addition, market demand and supply, each geographical region's growth rate, and market potential are all included in the Global Factory Automation and Industrial Control System Market study. The market research includes raw materials, marketing channels, client surveys, industry trends and proposals, CAGR status, product scope, Global Factory Automation and Industrial Control System Market trends, major leading countries/regions, market risk, and market driving force. The market prediction was based on a thorough market investigation completed by several industry experts
Segmentation Analysis of the Global Factory Automation and Industrial Control System Market Report:
By Type
- SCADA
- PAM
- PLC
- DCS
- MES
- Others
By Component
- Industrial Sensors
- Industrial Robots
- Industrial 3D Printers
- Machine Vision Systems
- Others
By End-User
- Automotive
- Chemical & Petrochemical
- Pharmaceutical
- Food & Beverage
- Oil & Gas
- Other
Market share data Market Segment by Regions and Countries Level Analysis:
- North America (U.S., Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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Opportunities:
Growing Demand For Safety Compliances Automation Solutions
Industrial manufacturing includes various processes that can be harmful to humans. Lethal accidents can occur at the time of production due to human errors or mechanical failures. Thus, the manufacturing industry must adopt safety measures to avoid such incidents in the workplace. Safety acquiescence automation products support for the overcome the risk of accidents. For instance, safety automation instruments indicate operators in emergencies and take certain programmed actions to reduce their impact on human lives. They monitor malfunctions in various machines and processes and run diagnostics to come up with solutions at the earliest. Hence, quick and proper responses are anticipated from these safety instrument systems (SIS). According to the Occupational Safety and Health Administration (OSHA), the rate of serious workplace injuries and illnesses has fallen remarkedly from 3.3 per 100 workers between 2018 to 2019 due to the incorporation of safety components and industrial automation.
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