(MENAFN- Ameliorate Digital Consultancy)
The smart factory market research study is a professional report with premium insights into the size of the business, current patterns, drivers, risks, potential outcomes, and major segments. The Industry Report forecasts the future growth of the market based on precise assumptions. Furthermore, based on input from industry experts, the report provides actionable insights into the Smart Factory market's future growth to assist readers in developing effective strategies. The research provides a clear picture of the market's current needs and future prospects. The report also contains information and statistics, tables and figures that are used in strategic planning for the company's success.
Major Key players in this Market: Siemens AG, ABB Ltd., Honeywell International, Inc., Yokogawa Electric Corp., General Electric Company, Emerson Electric Company, Schnieder Electric, Atos SE, Rockwell Automation Inc., Robert Bosch GmbH,
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January 2022: KUKA and Ford Otosan of Turkey signed a new framework agreement to supply more than 700 robots to Ford's next-generation electrical and connected commercial vehicle project at its Ford plant in Cocaeri. This agreement represents the continuation of a corporate partnership that has been in place for over 20 years.
January 2022 – Yokogawa Electric became the system integrator for ExxonMobil for the first field trial of an open process automation (OPA) system for operating the entire production facility. The field trial will be held at the ExxonMobil manufacturing facility in the US Gulf Coast, using the existing distributed control system (DCS) and programmable logic controller (PLC) with the Open Process Automation Standard (O-PAS). The project will incorporate extended control capabilities by implementing OPA technology and interfaces.
The global smart factory market (hereafter referred to as the market studied) global smart factory market was valued at USD 295.65 Billion in 2021. It is expected to reach USD 514.29 Billion by 2027 , registering a CAGR of 9.74 % during the forecast period, 2020-2027 (hereafter, referred to as the forecast period).
For instance, China has led the industrial robot market, which has driven its way to smart factory automation in the region and is one of the leading manufacturing countries in Asia-Pacific and globally. The increase in shipment of industrial robots in the country and the adoption of various Industrial Control Systems facilitate factory automation at scale.
The growth of the market in India is complemented by the adoption of industrial control systems with various companies offering different solutions and is characterized by recent developments. For instance, Delta Electronics offers a wide range of automation products and solutions, including human-machine interfaces, sensors, and robot solutions. ABB India announced in March 2021 that it had reached the cumulative 5-gigawatt mark to provide PLC-based solar plant automation in India.
Similarly, Japan was a pioneer in the transition to an automated industrial economy in the Asia-Pacific region . The adoption of industrial version 4.0 is accelerating. The country has established itself as a manufacturing center for factory automation devices, supplying them to regional and worldwide markets in Asia-Pacific.
Detailed Segmentation:
Market by Type :
Process Manufacturing
Discrete Manufacturing
Others
Market by Application :
Automobile and transportation
Food and beverage
Electrical and electronics
Chemical and material
Oil and Gas
Others
Market segment by Region/Country including:
– North America (United States, Canada and Mexico)
– Europe (Germany, UK, France, Italy, Russia and Spain etc.)
– Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
– South America (Brazil, Argentina and Colombia etc.)
– Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)
Major Highlights of Smart Factory Market Report:
-Define and discuss the growth of the global Smart Factory market
-Analyze the various segments and dynamics of the Smart Factory market
-To identify and make suitable business plans according to industry and economic shifts.
-The key objective of presenting an in-depth research study on the global Smart Factory market is to conduct an extensive analysis and Smart Factory performance.
-The report highlights the latest trends, market drivers, and investment avenues for the new entrants and the market players looking for market expansion.
-It is helpful to combine relevant facts and offers a wealth of information and analysis on the global Smart Factory market.
-This report assesses the performance and profit potential of the global Smart Factory market. Different variables are used to analyze attractiveness and strengths.
Crucial pointer covered in the report:
Smart Factory Understanding : This section of our report outlines pertinent topics that we have researched and the direction we see the industry heading. These include, but aren't limited to segments discussed, company descriptions, and key statistics regarding customer growth. This section provides a detailed analysis of the present and future growth factors of the service, type, technology, vertical, and regions.
Smart Factory Dynamics: This section provides a detailed analysis of the growth factors, restraining factors, and business opportunities. Additionally, the report provides a detailed COVID impact analysis affecting the growth, along with a pinpoint focus on industry policies, regulatory framework, and current issues impacting the growth at the national/international level.
Smart Factory Regional Outlook: The country section is a breakdown by country of how the production and consumption rates correspond to each other.
Smart Factory Competitor Landscape: This section provides a comprehensive analysis of the share and a deep-dive analysis of the top 10 players covered in the report.
The report will be remarkable in its ability to provide worldwide investors with the information they need to make informed judgments about the market. This report is based on a variety of secondary and primary sources to present a comprehensive and accurate picture of the Smart Factory Market. The key data sources for this research paper are global regulators.
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