“The global Factory Automation market size is expected to reach $297.86 Billion by 2028 growing at the CAGR of 8.95% from 2021 to 2028.”, based on the report published by Evolve Business Intelligence in June 2021.
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The recent COVID scenario impacted the Factory Automation market negatively. Due to the increasing spread of Coronavirus, several companies are working with a limited workforce leading to delays in work/production. This has impacted the market in the years 2020 and 2021.
The Factory Automation market is segmented based on several segments including control systems, component and end user. The study includes a comprehensive value chain analysis, defines porter’s five forces, as well as provides details on the key factors affecting the market growth (drivers, constraints/challenges, and opportunities).
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The report includes 10 key players in the Factory Automation market ecosystem that have been strategically profiled, along with the market ranking/share for major players. The key players profiled in the report are:
- ABB Ltd.
- Emerson Electric Company
- GE Company
- Honeywell International Incorporation
- Mitsubishi Electric Factory Automation
- Rockwell Automation
- Schneider Electric
- Yokogawa Electric Corporation
Furthermore, for the above-mentioned companies, the Factory Automation market report demonstrates their business overview, financials revenues, and research and development. Additionally, the report also provides the competitive landscape for the market players, and the strategies adopted by them to grow in the Factory Automation market (partnerships and collaboration, acquisitions, product launches and developments, contracts, and business expansion).
- Base Year: 2020
- Estimated: 2021
- Forecast: 2022 to 2028 (This period can be changed in the customization)
- Compound Annual Growth Rate (CAGR) Period: 2021 to 2028
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