Hyderabad, India, March 23, 2017 (GLOBE NEWSWIRE) -- The report “Factory Automation Market: By Electrical Components (Inverters, Touch Panel, Timers, Controllers, Breakers, Switches, Convertors, Others) By End User Industry (Automobile, Packaging, Chemical, Oil & Gas, Food And Beverage) Forecast (2017-2022)”, published by IndustryARC, estimates that with increasing use of different control systems, software and other technologies for automation of factories, the market will experience a rise globally, and specifically in China which has over half the percentage of growth potential.
Browse numerous Market Tables and Figures spread through 232 Pages and an in-depth TOC on “Factory Automation Market 2017 – 2022”
http://industryarc.com/Report/194/Factory-Automation-Electrical-Products-Market-Report.html
Scope & Regional Forecast of the Factory Automation Market:
Industrial and specifically factory automation is the use of different control systems, software and other technologies for automation of the factory. The day to day technological advancements are helping the manufacturing Factory and other such tasks perform a lot faster and cost effective. The use of these technologies increases productivity, quality, almost negates wastage, faster interaction with different departments within the company and other such perks. The biggest market for this industry exists in china which is the primary hub of global manufacturing industry. China for example accounts for more than 60% of Siemens control systems manufacturing currently. The need for automation is due to the growing need for better quality products with increased production rates and also to reduce the labor costs.
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The global Factory automation market for electrical components revenue is expected to grow in the forecast period. The factory automation electronic component market is governed by the major players like Emerson Electric Co. (U.S.), Yokogawa Electric Corporation, Inc. (Japan) and Endress+Hauser (Switzerland), among others. The APAC region is expected to rejuvenate the Factory automation market owing to the escalated demands from the oil and gas, wastewater treatment, and pharmaceutical sectors.
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Prominent Segmentations Involved in the Factory Automation Market:
- Electrical Components: Miniature Circuit Breakers, Earth Leakage Breakers, Electromagnetic Switches, Fuses, Circuit Protectors, Data Converters, LAN Cables, USB Cables, Industrial Switching Hubs, Access Points, Signal Converters, Fiber Cables, Solder, Connectors, Terminals, Cables and Others.
- End User Industry: Automotive, Chemical, Oil and Gas, Pharmaceutical, Food and Beverage, Paper and Pulp, Packaging and Others.
- Geographic Regions: Americas, Europe, APAC and ROW.
Some of the sample companies profiled in the Factory Automation Market report are as follows:
- Samsung Corporation
- Schleicher Electronic GmbH & Co. KG
- Mitsubishi Electric Corporation
- Yokogawa group
- Cherry Corp (ZF Friedschafen AG)
- HP Co.
- Tektronix Inc.
- SMA Technologies AG
- LG Display
- Rockwell Automation Inc.
- Keysight Technologies, Inc.
- Fluke Corporation
- GE Corporation
- Western Digital
- Osram
Why buy this report?
- Get a detailed picture of the Factory Automation Market.
- Pinpoint growth sectors and identify factors driving change.
- Understand the competitive environment, the market’s major players and leading brands.
- A five-year forecast method is used in order to assess how the market is predicted to develop.
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