Industrial Control and Factory Automation Market Worth $ 272,211.57 Million, Globally, by 2027 at 8.01% CAGR: Verified Market Research

News provided by

Nov 09, 2020, 09:14 ET

Jersey City, N.J., Nov. 9, 2020 /PRNewswire/ -- Verified Market Research recently published a report, "Industrial Control and Factory Automation Market by Component (Sensors, Industrial Robots, Machine Vision, Control valves, Industrial PC, Control devices, Field Instruments, Industrial 3D printing, and Human-Machine Interface), by Solution (Distributed Control System (DCS), Supervisory Control and Data Acquisition (SCADA), Programmable Logic Controller (PLC), Manufacturing Execution System (MES), Product Life Cycle Management (PLM), Plant Asset Management (PAM), and Functional Safety), by Industry, Geography". According to Verified Market Research, the Global Industrial Control and Factory Automation Market was valued at USD 164,982.41 Million in 2019 and is projected to reach USD 272,211.57 Million by 2027, growing at a CAGR of 8.01% from 2020 to 2027.

Industrial Control & Factory Automation Market, 2020-2027

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=3835

Browse in-depth TOC on "Industrial Control and Factory Automation Market"

202 - Pages
126 – Tables
37 – Figures

Global Industrial Control and Factory Automation Market Outlook

In the report, the market outlook section mainly encompasses the fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

Growing demand for safety compliance automation products, increasing government initiatives for industrial automation in various sectors, and the rise in usage of enabling technologies in manufacturing have been driving the global industrial control and factory automation market. On the other hand, high initial cost, lacking technical expertise and increasing cyber threats are some of the factors that may hinder the overall growth of the market. Moreover, increasing demand for smart manufacturing infrastructure has led to the growth of the industrial control and factory automation market.

Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interest the client. The "Global Industrial Control and Factory Automation Market" is mainly bifurcated into sub-segments which can provide a classified data regarding the latest trends in the market. The study report will provide valuable insight with an emphasis on the global market including some of the major players such as ABB Ltd., Emerson Electric Co., Rockwell Automation Inc., Siemens AG, Endress+Hauser Group, Schneider Electric, Yokogawa, Omron Corporation, Mitsubishi, and Honeywell.

Verified Market Research has segmented the Global Industrial Control and Factory Automation Market on the basis of component, solution, Industry, and geography.

Industrial Control and Factory Automation Market by Component

Sensors
Industrial Robots
Machine Vision
Control valves
Industrial PC

Industrial Control and Factory Automation Market by Solution

Distributed Control System (DCS)
Supervisory Control and Data Acquisition (SCADA)
Programmable Logic Controller (PLC)
Product Life Cycle Management (PLM)

Industrial Control and Factory Automation Market by Industry

Process Industry
Discrete Industry

Industrial Control and Factory Automation Market by Geography

North America

U.S
Canada
Mexico

Europe

Germany
France
U.K
Rest of Europe

Asia Pacific

China
Japan
India
Rest of Asia Pacific

ROW

Middle East & Africa
Latin America

Browse Related Reports:

Modular Construction Market by Type (Permanent, Relocatable), by Material (Steel, Precast Concrete, Wood, Plastic), by End-use Sector (Housing, Commercial, Education, Healthcare, Industrial), Geography, Forecast, 2019-2026

Base Oil Market by Type (Group I, Group II, Group III, Group IV, Group V), by Application (Automotive Oil, Greases, Hydraulic Oil, Industrial Oil, Metalworking Fluids), Geography, Forecast, 2020-2027

Aerial Lift Market by Product (Boom Lifts, Scissor Lifts, Vertical Mast Lifts, Personal Portable Lifts), by Application (Construction, Telecommunication, Transport & Logistics, Government), Geography, Forecast, 2019-2026

Precision Parts Market by Type (Metal, Plastic), by Application (Aerospace, Automotive, Electronics, Healthcare, Watches), Geography, Forecast, 2020-2027

About Us

Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SME's offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.

Contact Us

Mr. Edwyne Fernandes
Verified Market Research
US: +1 (650)-781-4080
UK: +44 (203)-411-9686
APAC: +91 (902)-863-5784
US Toll Free: +1 (800)-782-1768
Email: [email protected]
Web: https://www.verifiedmarketresearch.com/
Follow Us: LinkedIn | Twitter

SOURCE Verified Market Research