Industrial Control & Factory Automation Market Estimated to Expand at a Robust CAGR over 2021-2031 | ABB Ltd., Endress+Hauser AG, Emerson Electric Co., General Electric

Industrial Control & Factory Automation is the process of automating the production process in a factory. This can be done through the use of machines, robots, and other automated systems. The aim of industrial automation is to increase productivity and efficiency while reducing costs.

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Key Trends

The industrial control and factory automation technology landscape is constantly evolving. However, a few key trends have emerged in recent years that are having a significant impact on the way manufacturers operate.

One of the most important trends is the move towards Industry 4.0, or the fourth industrial revolution. This is a term used to describe the trend towards more connected, automated factories that make use of data and analytics to improve efficiency and quality. Industry 4.0 is made possible by advances in technologies such as the Internet of Things (IoT), big data, and artificial intelligence (AI).

Another key trend is the increasing adoption of robotics in factories. Robotics can help improve productivity and quality while also reducing costs. In addition, the use of robotics can help factories become more flexible and adaptable to changing demands.

Another important trend is the growing importance of sustainability in industrial control and factory automation. This is driven by the need to reduce environmental impact and the costs associated with waste and pollution. Sustainability is also becoming increasingly important to customers and consumers, who are increasingly demanding products that have been made in a sustainable way.

Key Drivers

The key drivers of the industrial control and factory automation market are the continued advancement of technology, the need for increased efficiency and productivity, and the need for improved safety and security. Technology is continuously advancing, which is resulting in new and improved products and services. This is leading to increased efficiency and productivity in the manufacturing sector.

In addition, the need for improved safety and security is another key driver of the market. With the increasing number of terrorist attacks and industrial accidents, there is a growing need for better safety and security measures.

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Market Segments

The industrial control & factory automation market can be segmented into component, solution, industry, and region. By component, the market can be divided into industrial sensors, industrial robots, industrial 3D printers, machine vision systems, process analyzers, field instruments, human-machine interface, industrial PC, and vibration monitoring. By solution, the market can be segmented into  SCADA, PAM, PLC, DCS, MES, and industrial Safety. By industry, the market can be divided into oil & gas, chemicals, pharmaceuticals, food & beverages, automotive, aerospace & defense, semiconductor & electronics, and others. By region, the market is divided into North America, Europe, Asia Pacific, and the Rest of the World.

Key Players

The industrial control & factory automation market includes players such as ABB Ltd.(CH), Endress+Hauser AG(CH), Emerson Electric Co.(US), General Electric(US), Rockwell Automation, Inc.(US), Schneider Electric SE(FR), Siemens AG(DE), Mitsubishi Electric Corp.(JP), Honeywell International Inc.(US), Yokogawa Electric Corp.(JP).

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Reasons to buy Industrial Control & Factory Automation Market Report:

• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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