Industrial Automation Magazine India

Global Smart Factory Industry

Published on : Friday 13-03-2020

Smart Factory: enabling the digital journey to responsive, flexible, adaptive, and fully connected manufacturing.

New York, March 2020 – Smart Factory market worldwide is projected to grow by US$90.1 Billion, driven by a compounded growth of 8%. Control Equipment & Software, one of the segments analysed and sized in this study, displays the potential to grow at over 8.6%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$95.8 Billion by the year 2025, Control Equipment & Software will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 9.2% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$4.1 Billion to the region's size and clout in the next 5 to 6 years. Over US$4.2 Billion worth of projected demand in the region will come from Rest of Europe markets. In Japan, Control Equipment & Software will reach a market size of US$8 Billion by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 7.7% over the next couple of years and add approximately US$15.4 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.

Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others: ABB Ltd, Accenture Plc, Autodesk Inc., Bosch Software Innovations GmbH, CENIT AG, Cisco Systems Inc., Dassault Systèmes, Emerson Electric Company, FANUC Corporation, Fraunhofer IAO, General Electric Company, Honeywell International, Huawei Technologies Co Ltd, IBM Corporation, Infosys Ltd, Intel Corporation, Johnson Controls Inc., Keyence Corporation, KUKA AG, Microsoft Corporation, Mitsubishi Electric Corporation, OMRON Corporation, Oracle Corporation, Rockwell Automation Inc., SAP SE, Schneider Electric SE, Siemens AG, Telefonaktiebolaget L M Ericsson, Wipro Limited, YASKAWA Electric Corp, and Yokogawa Electric Corporation.

Read the full report: https://www.reportlinker.com/p03846712/?utm_source=PRN