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- North America Industrial Control and Factory Automation Market – Size, Outlook, Trends and Forecast (2024 – 2032)
Increasing initiatives of the government of various countries towards the adoption of automation systems have propelled the growth of the industrial control and factory automation market, which consists of control systems and information technology for handling different processes and machinery in the industry to replace humans.
North America Factory Automation and Industrial Control Market Segments Size & Growth:
The market is expected to reach $105.48 Billion by 2024 at a CAGR of 6.50%. The factors propelling the market growth mainly includes extensive use of enabling technologies in manufacturing, Continuous innovation in industrial robotics boosts its adoption in manufacturing and need for mass production and connected supply chain to cater to the growing population.
North America Factory Automation and Industrial Control Market Segments Share:
North America factory automation and industrial control market are categorised into system type, component, end user, and geography. Based on the system, the market is categorised into Control systems, software, machine vision, instrumentation, power backup, services and others. Among which control systems is further classified into PAC, DCS, SCADA AND PLC in which DCS is holding to the maximum share in the market as it handles entire control structure of a plant as a single automation system and its applications in oil & gas industry increased significantly with rising in exploration activities in the oil fields. Based on the component, the market is segmented into industrial robots, control devices, industrial networks, control valves, field instruments, cables, and sensors. Among which industrial robots holds the largest share as industrial robots are re-shaping manufacturing industries by decreasing the manual labour and are used in industrial plants to provide the best outcome with no-errors from a remote location. Based on the end user, the market is categorised into automotive, energy, health, food &beverages, textiles, chemicals, pharmaceuticals and others. Automotive, paper, textile and packaging are major end-user industries having demand in factory automation and industrial control market. Geographically, the market is categorised into the US, Canada, and Mexico. Mexico has traditionally been a large market for assembling and manufacturing by major multinational firms, and the North American free trade agreement has driven much of these trends.
North America Factory Automation and Industrial Control Market Trends:
- Industrial IOT facilitating advantages including proactive and predictive maintenance, asset and resource optimisation, real-time monitoring support the market through providing real-time connectivity benefiting the production progression.
- ABB has developed a compact sensor that is attached to the frame of low voltage induction motors without wiring using onboard algorithms; the smart sensor relays information about the health of the motor (via a smartphone and over the internet) to a secure server to display intelligent services.
- The application of industry 4.0 concepts to improve process automation is an effort being driven NAMUR and VDI/VDE in collaboration with several prominent leaders in the industry including ABB, BASF, and Bayer technology services.
North America Factory Automation and Industrial Control Market Research Report includes:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
North America Diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The major market players are
- Schneider Electric
- ABB Ltd
- Teledyne
- Weidmuller Holding AG
- Rockwell Automation
1 Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
2 Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
3 Market Analysis
3.1 Industry Value Chain Analysis
3.2 Porter’s Five Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 PESTLE Analysis
3.3.1 Political
3.3.2 Economical
3.3.3 Social
3.3.4 Technological
3.3.5 Legal
3.3.6 Environmental
3.4 SWOT Analysis
3.4.1 Strengths
3.4.2 Weakness
3.4.3 Opportunities
3.4.4 Threats
3.5 Y-O-Y Analyses
4 Market Dynamics
4.1 Drivers
4.1.1 Extensive use of enabling technologies in manufacturing.
4.1.2 Need for mass production and connected supply chain to cater the growing population.
4.1.3 Continuous innovation in industrial robotics boosts its adoption in manufacturing.
4.1.4 Government initiatives towards the adoption of industrial automation in various industries.
4.2 Restraints & Challenges
4.2.1 High capital investments and limited re-investments.
4.2.2. Declining oil & gas prices affect infrastructure related investments thereby affecting market growth.
4.2.3 Lack of standardization of protocols for manufacturing devices.
4.2.4 Lack of skilled personnel, automated cyber threats.
4.3 Opportunities
4.3.1 Increasing demand for safety compliance automation products.
4.3.2 Industry 4.0 revolution shaping the future of industrial manufacturing.
5 North America Factory Automation and Industrial Control Market – By System type
5.1 Introduction
5.2 Control systems
5.2.1 PAC
5.2.2 DCS
5.2.3 SCADA
5.2.4 PLC
5.3 Software
5.3.1 MES
5.3.2 HRM
5.3.3 CRM
5.3.4 Supply chain management
5.3.5 ERP
5.4 Machine vision
5.5 Instrumentation
5.6 Sensors
5.6.1 Temperature
5.6.2 Pressure
5.6.3 Position
5.6.4 Image
5.7 Power backup
5.8 Services
5.9 Others
6 North America Factory Automation and Industrial Control Market – By Component
6.1 Industrial robots
6.2 Control devices
6.3 Industrial networks
6.4 Enclosures
6.5 Control Valves
6.6 Field instruments
6.7 Cables & sensors
7 North America Factory Automation and Industrial Control Market – By End-user
7.1 Automotive
7.2 Energy
7.3 Healthcare
7.4 Textiles
7.5 Chemicals
7.6 Pharmaceuticals
7.7 Food & beverages
7.8 Others
8 North America Factory Automation and Industrial Control Market – By Geography
8.1 North America
8.1.1 U.S.
8.1.2 Canada
8.1.3 Mexico
9 North America Factory Automation and Industrial Control Market – Competitive Landscape
9.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
9.2 Market Share Analysis
9.3 Strategies Adopted By Top Companies
10 North America Factory Automation and Industrial Control Market – Company Profiles
10.1 Schneider electric
10.1.1. Company Overview
10.1.2. Business Segments
10.1.3. Financial Performance ( Public Enterprises)
10.1.4. SWOT Analysis
10.2 ABB Ltd
10.3 Teledyne
10.4 Weidmuller Holding AG
10.5 Rockwell Automation
10.6 Omron Corporation
10.7 Danaher Corporation
10.8 Beckhoff Automation
10.9 Yokogawa Electric Corp
10.10 General Electric
11 Market Insights
11.1 Insights of Industry Experts
11.2 Analyst Opinion (Market Understanding)
11.3 Investment Opportunities
12 Appendix
12.1 List of Tables
12.2 List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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Increasing initiatives of the government of various countries towards the adoption of automation systems have propelled the growth of the industrial control and factory automation market, which consists of control systems and information technology for handling different processes and machinery in the industry to replace humans.
North America Factory Automation and Industrial Control Market Segments Size & Growth:
The market is expected to reach $105.48 Billion by 2024 at a CAGR of 6.50%. The factors propelling the market growth mainly includes extensive use of enabling technologies in manufacturing, Continuous innovation in industrial robotics boosts its adoption in manufacturing and need for mass production and connected supply chain to cater to the growing population.
North America Factory Automation and Industrial Control Market Segments Share:
North America factory automation and industrial control market are categorised into system type, component, end user, and geography. Based on the system, the market is categorised into Control systems, software, machine vision, instrumentation, power backup, services and others. Among which control systems is further classified into PAC, DCS, SCADA AND PLC in which DCS is holding to the maximum share in the market as it handles entire control structure of a plant as a single automation system and its applications in oil & gas industry increased significantly with rising in exploration activities in the oil fields. Based on the component, the market is segmented into industrial robots, control devices, industrial networks, control valves, field instruments, cables, and sensors. Among which industrial robots holds the largest share as industrial robots are re-shaping manufacturing industries by decreasing the manual labour and are used in industrial plants to provide the best outcome with no-errors from a remote location. Based on the end user, the market is categorised into automotive, energy, health, food &beverages, textiles, chemicals, pharmaceuticals and others. Automotive, paper, textile and packaging are major end-user industries having demand in factory automation and industrial control market. Geographically, the market is categorised into the US, Canada, and Mexico. Mexico has traditionally been a large market for assembling and manufacturing by major multinational firms, and the North American free trade agreement has driven much of these trends.
North America Factory Automation and Industrial Control Market Trends:
- Industrial IOT facilitating advantages including proactive and predictive maintenance, asset and resource optimisation, real-time monitoring support the market through providing real-time connectivity benefiting the production progression.
- ABB has developed a compact sensor that is attached to the frame of low voltage induction motors without wiring using onboard algorithms; the smart sensor relays information about the health of the motor (via a smartphone and over the internet) to a secure server to display intelligent services.
- The application of industry 4.0 concepts to improve process automation is an effort being driven NAMUR and VDI/VDE in collaboration with several prominent leaders in the industry including ABB, BASF, and Bayer technology services.
North America Factory Automation and Industrial Control Market Research Report includes:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
North America Diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The major market players are
- Schneider Electric
- ABB Ltd
- Teledyne
- Weidmuller Holding AG
- Rockwell Automation
1 Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
2 Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
3 Market Analysis
3.1 Industry Value Chain Analysis
3.2 Porter’s Five Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 PESTLE Analysis
3.3.1 Political
3.3.2 Economical
3.3.3 Social
3.3.4 Technological
3.3.5 Legal
3.3.6 Environmental
3.4 SWOT Analysis
3.4.1 Strengths
3.4.2 Weakness
3.4.3 Opportunities
3.4.4 Threats
3.5 Y-O-Y Analyses
4 Market Dynamics
4.1 Drivers
4.1.1 Extensive use of enabling technologies in manufacturing.
4.1.2 Need for mass production and connected supply chain to cater the growing population.
4.1.3 Continuous innovation in industrial robotics boosts its adoption in manufacturing.
4.1.4 Government initiatives towards the adoption of industrial automation in various industries.
4.2 Restraints & Challenges
4.2.1 High capital investments and limited re-investments.
4.2.2. Declining oil & gas prices affect infrastructure related investments thereby affecting market growth.
4.2.3 Lack of standardization of protocols for manufacturing devices.
4.2.4 Lack of skilled personnel, automated cyber threats.
4.3 Opportunities
4.3.1 Increasing demand for safety compliance automation products.
4.3.2 Industry 4.0 revolution shaping the future of industrial manufacturing.
5 North America Factory Automation and Industrial Control Market – By System type
5.1 Introduction
5.2 Control systems
5.2.1 PAC
5.2.2 DCS
5.2.3 SCADA
5.2.4 PLC
5.3 Software
5.3.1 MES
5.3.2 HRM
5.3.3 CRM
5.3.4 Supply chain management
5.3.5 ERP
5.4 Machine vision
5.5 Instrumentation
5.6 Sensors
5.6.1 Temperature
5.6.2 Pressure
5.6.3 Position
5.6.4 Image
5.7 Power backup
5.8 Services
5.9 Others
6 North America Factory Automation and Industrial Control Market – By Component
6.1 Industrial robots
6.2 Control devices
6.3 Industrial networks
6.4 Enclosures
6.5 Control Valves
6.6 Field instruments
6.7 Cables & sensors
7 North America Factory Automation and Industrial Control Market – By End-user
7.1 Automotive
7.2 Energy
7.3 Healthcare
7.4 Textiles
7.5 Chemicals
7.6 Pharmaceuticals
7.7 Food & beverages
7.8 Others
8 North America Factory Automation and Industrial Control Market – By Geography
8.1 North America
8.1.1 U.S.
8.1.2 Canada
8.1.3 Mexico
9 North America Factory Automation and Industrial Control Market – Competitive Landscape
9.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
9.2 Market Share Analysis
9.3 Strategies Adopted By Top Companies
10 North America Factory Automation and Industrial Control Market – Company Profiles
10.1 Schneider electric
10.1.1. Company Overview
10.1.2. Business Segments
10.1.3. Financial Performance ( Public Enterprises)
10.1.4. SWOT Analysis
10.2 ABB Ltd
10.3 Teledyne
10.4 Weidmuller Holding AG
10.5 Rockwell Automation
10.6 Omron Corporation
10.7 Danaher Corporation
10.8 Beckhoff Automation
10.9 Yokogawa Electric Corp
10.10 General Electric
11 Market Insights
11.1 Insights of Industry Experts
11.2 Analyst Opinion (Market Understanding)
11.3 Investment Opportunities
12 Appendix
12.1 List of Tables
12.2 List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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