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Factory Automation & Industrial Controls Market 2019 Forecast to 2024 by Market Standards, Industry Scope, Market Size with Revenue, Price, and Gross Margin

Factory Automation & Industrial Controls

The “Factory Automation & Industrial Controls Market” report presents in-depth analysis regarding the development, current trends, industry policies and regulations implemented in each of the geographical region. Factory Automation & Industrial Controls Market Report (2019-2024) Provides key statistics on Market overview, Major Key-players of Industry, Scope of the report, Key trends in market as well as Regional analysis. The report also provides leading players are studied with respect to their company profile, product portfolio, capacity, price, cost and revenue. It also provides Report provides an analytical calculation of the prime challenges faced by this Market currently and in the coming years.

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Factory Automation & Industrial Controls Market Report Includes Major Key-Players:

  • Rockwell Automation Inc.
  • Honeywell International Inc.
  • General Electric Co.
  • ABB Limited
  • Dassault Systemes SE
  • Schneider Electric SE
  • Emerson Electric Company
  • Autodesk Inc.
  • Mitsubishi Electric Corporation
  • Siemens AG
  • Aspen Technology Inc
  • Robert Bosch GmbH
  • Texas Instruments Inc.
  • Yokogawa Electric Corporation

    Market Overview:

  • The Factory Automation and Industrial Control Systems market is expected to register a CAGR of over 8.4% during the forecast period 2019 – 2024. The evolution of technological advancements and innovations across various manufacturing units have encouraged the adoption of automation technologies. Digitization and Industry 4.0 revolution have significantly stimulated the growth of automation among industries, by necessitating the use of smarter and automated solutions, such as robotics and control systems, to improve production processes.
  • Automation has drastically changed the way of production in the industrial sector, by reducing the manufacturing time and production costs. The production lines in several factories were manual, for a considerable time. Even if there have been improvements in assembly technologies, such as faster pick-and-place machines and smarter reflow ovens, the back-end operations have remained non-automated.
  • Hence, there has been an exponential rise in labor costs. 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.
  • Various advancements have been made in the automation of the various activities that were formerly carried out manually, particularly in the labor-intensive manufacturing industry, with most of these being almost fully automated, using the latest technologies. This has led to improved efficiency, high-quality products, and attendant savings in labor and costs.
  • The high costs of automated systems are associated with effective and robust hardware and efficient software. Automation equipment requires higher capital expenditure, to invest in automation technologies (an automated system can cost millions of dollars to design, fabricate, and install). They also require a higher level of maintenance, than a manually operated machine, and a generally lower degree of flexibility in terms of the possible products, as compared to a manual system (even flexible automation is less flexible than humans, the most versatile machines of all).
  • The sluggish adoption of Industrial IoT technologies can be linked to the higher costs for maintaining their connections, considering that M2M connections were charged heavy taxation, similar to mobile device subscriptions. The acquisition and installation cost of a control system for industrial automation represents half of the total cost, during its lifetime. Additionally, the frequent changes in technology and networking result in significant cost, which is more than that of the initial investment, further slowing down the adoption.
  • In addition, significantly low adoption in SMEs, in developing countries like Brazil, which cannot bear the product costs, is restraining the market’s gro

    Scope of the Report:

  • The Industrial control and Factory automation is a rising trend in the manufacturing industry which provides smart manufacturing infrastructure. The industrial control and factory automation facilitate cost efficiency, quality of production; standardize manufacturing, reliability, and flexibility in the process of manufacturing. Industrial control and factory automation offers a perfect mix of mechanical components and devices and Information Technology Market<

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    Reasons to Purchase this Report:

    • Current and future of Global Factory Automation & Industrial Controls Market outlook in the developed and emerging markets
    • Analysing various perspectives of the market with the help of Porter’s five forces analysis
    • Report customization as per the client’s requirements
    • Regions that are expected to witness fastest growth during the forecast period
    • Identifying the latest developments, market shares and strategies employed by the major market players

    Factory Automation & Industrial Controls Market Forecast (2019-2024):

    • Market Size Forecast:By Applications/End Users, Global Overall Size, By Type/Product Category, By Geographical Area.
    • Key Data (Revenue):Market Size, Market Share, Business Growth, Product Sales Price.

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    Some Major Points Covered from TOC:

    Chapter 1: Factory Automation & Industrial Controls Market Definition

    Chapter 2: Research Methodology of Factory Automation & Industrial Controls Market

    Chapter 3: Factory Automation & Industrial Controls Market Executive Summary

    Chapter 4: Factory Automation & Industrial Controls Market Overview Includes Current Market Scenario, Porter’s Five Forces Analysis, Bargaining Power of Suppliers and Consumers, Threat of New Entrants and Substitute Product and Services

    Chapter 5: Market Dynamics Covers Drivers, Restraints, Opportunities and Challenges

    Chapter 6: Factory Automation & Industrial Controls Market Segmentation by Types, End-User, and Applications Forecast to 2024

    Chapter 7: Factory Automation & Industrial Controls Market Segmentation by Geographical Regions

    Chapter 8: Competitive Landscape of Factory Automation & Industrial Controls Market Includes Mergers & Acquisition Analysis, Agreements, Collaborations, and Partnerships, New Products Launches

    Chapter 9: Key Players for Factory Automation & Industrial Controls Market

    For Detailed TOC Click Here

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