Global Smart Factory Market valued approximately USD XX billion in 2017 is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2018-2025. The Smart Factory Market is continuously growing across the world over the coming years. The major driving factor of global Smart Factory market are growing demand across end use industries, rising industry digitalization and favorable government support. Additionally, rising focus on energy consumption & manufacturing efficiency and increase practice for advanced base for manufacturing is the other major factors which exerts positive influence in the market. The major factors which limiting the global smart factory market are high cost of installation and shortage of skilled workforce. Moreover, Lack of standardization & interoperability and sensitivity of cyber-physical security threat are the other factors which restraining the market growth.
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The major market player included in this report are:
• 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
Smart factory is highly digitalized and connected production facility that relies on smart manufacturing. Smart Factory offers various benefits such as seamless digital network, virtual planning of product, production and remote maintenance, decentralized control of production, integration of IT systems and analytics, enhanced productivity, reduce workforce challenges and significant cost reduction.
The regional analysis of Global Smart Factory Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to rising adoption in the automotive segment. Europe also contributes a satisfactory growth in the global Smart Factory market. Asia-Pacific is also anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025 due to stringent government regulation and the emerging industrial sector in this region.
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Market Segment by Regions, regional analysis covers : Americas, United States, Canada, Mexico, Brazil, APAC, China, Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France, UK, Italy, Russia, Spain, Middle East & Africa, Egypt, South Africa, Israel, Turkey, GCC Countries.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Reasons to Purchase Smart Factory Market Report:
- Analysing the outlook of the Smart Factory market with the recent trends and SWOT analysis.
- Market dynamics scenario, along with growth opportunities of the Smart Factory market in the years to come.
- Smart Factory Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects.
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of Smart Factory market.
- Smart Factory Market value (USD Million) and volume (Units Million) data for each segment and sub-segment.
- Competitive landscape involving the Smart Factory market share of major players, along with the new projects and strategies adopted by players in the past 5 year.
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major Smart Factory market players.
Automobile and Transportation
Food & Beverage
Electrical & Electronics
Chemical & Material
Oil & Gas
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This post was originally published on Space Market Research