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Industrial Control & Factory Automation Market Size & Overview:

Industrial Control & Factory Automation Market Revenue Analysis

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The Industrial Control & Factory Automation Market Size was valued at USD 191 Billion in 2023 and is now anticipated to grow USD 405 Billion by 2031, displaying a compound annual growth rate (CAGR) of 8.70% during the forecast Period 2024-2031.

The Industrial Control & Factory Automation Market is growing significantly because of an increase in government initiatives in order to promote industrial automation throughout the world making it a driver in the growth of market. Another factors that are driving in the growth of automation is rising adoption of IoT and AI among different industrial domains.

With an ever increasing demand for improved efficiency and productivity making them key factors in driving the growth of the Industrial automation industry. With IC&FA, consistent monitoring and control of operations can help in predictive maintenance leading to minimization of downtime. Also, with data-driven decision making helping in optimization of production processes. These factors are creating a favorable market outlook across the globe in the coming future.

Industrial Control & Factory Automation Market Dynamics

Drivers

  • Increase in government initiatives to promote industrial automation.

Governments are supporting in the development of industries leading to adoption of automation and technologies for the structural development of industries. Governments are heavily focused on the expansion of process and discrete industries. Example, Government of Singapore collaborated with associations like Singapore Food Manufacturing Association (SFMA) and the Food Innovation Resource Centre in adoption of the latest automation resources such as PLC, SCADA, DCS, robots in the food & beverage industry.

  • Innovation in industrial control and automation is set into motion by developments technologies like artificial intelligence, machine learning and robots making industrial processes self-sufficient & more intelligent.

Restraints

  • With control systems becoming more connected there can be issues related to cybersecurity attacks are growing which can be a key restraint in the implementation of automation.

  • Difficult and time-consuming in the integration of automation with current infrastructure and processes can be a restraint in the growth of market.

Opportunities

  • Adoption of Industry 4.0 principles in manufacturing sectors

Most of the processes & systems in the manufacturing sector is automated by adopting Industry 4.0 (cyber-physical systems, IoT, cloud computing) principles allowing in operating 24/7 with zero human errors. Thereby decreasing production cycle time maintaining the quality of processes, right from the raw material procurement stage to the development of final products. The operations and control of automation is done via. SCADA, DCS, and PLC.

  • With variety of industries facing shortage of skilled labor, industry control and factory automation can help in bridging the gap by the automation of repetitive tasks and allowing existing workers to focus on higher-value activities.

Challenges

  • Lack of skilled employees in operation industrial automation devices and systems

  • The adoption of automation systems might be much more complicated and expensive due to a number of regulatory rules and regulations.

Industrial Control & Factory Automation Market Impact Analysis

Impact of Russia-Ukraine War

The Russia-Ukraine war disrupted the global supply chain which impacted the industrial control & factory automation market. Russia and Ukraine are one the the key exporters of raw materials needed for the manufacturing of IC&FA equipment, like neon gas (that contributes of 67% globally from Russia & Ukraine) used for production of chips. The disruption has lead to shortage of equipments and leading to rise in prices, which is causing $49 billion production loss in the automotive industry which heavily relies on automation. Also, logistics might be reason for delayed production equipments. The war has affected countries under conflict zones and affected them economically because of budget constraints and resource scarcity. But there are some positive sides too that countries may even try to focus on manufacturing IC&FA components on their own, which can lead to in the long run benefits. The war may also increase the importance of automation in certain sectors like defense thereby increasing the demand of IC&FA. Furthermore, cybersecurity issues may also lead in raising the demand for secure industrial control systems in order to protect infrastructure. Supply chain disruptions and price hikes are certain to happen in short run, but in long run there may be a shift in demand in specific sectors, and a growing awareness on cybersecurity for industrial automation.

Impact of Economic Slowdown

Economic slowdown has a huge toll on the industrial control & factory automation market. Companies are now focusing on short-term finances which may delay or drop investment plan in upgrading equipment which might include IC&FA systems. Slowdowns are leading in prioritization of repairs of existing equipments rather than implementing newer automation systems.on the other side there can be positive side. Some companies may even see automation as a long-term investment in order to improve the efficiency and reduce waste of factory processes which could lead to cost savings. Also, with a decrease in skilled labour, companies may even enter into automation in order to maintain its production levels. Furthermore, company might even try to prioritize on efficiency via automation in order to stay competitive even in this slowdowns. Companies that are heavily relied on automation (like automotive) might prioritize in the long term efficiency or even increase their investment in automation.

Industrial Control & Factory Automation Market Segmentation Analysis

by Control Systems

  • DCS

  • PLC

  • SCADA

  • Others

The distributed control systems (DCS) is dominating the market with a share of around 36% of the total market because of large scale adoption of IIOT (Industrial IoT’s) as a preference of industrialists in the deployment of automated control systems which is a key driver in the market growth of DCS. Furthermore with the introduction of 5G and its adoption in the power sector is helping boost the integration of IIoT and DCS via 5G for better operations and efficiency.

by Industry

  • Process Industry

  • Discrete Industry

The Discrete Industry is dominating the market with a share of 54.38% of the total market. Discrete industry referring to the production of finished goods that can be touched, counted and seen. Parts and equipment such as nuts, bolts, brackets, assemblies, cables, automobile, toys, furniture, smartphones and many more. A discrete product can be broken down at the end of life-cycle by recycling its components.

by Component

  • Industrial Robots

  • Collaborative Industrial Robots

  • Machine Vision

  • Control Valves

  • Field Instruments

  • Human–Machine Interface

  • Industrial PC

  • Sensors

  • Industrial 3D Printing

Industrial Control & Factory Automation Market Regional Analysis

Asia Pacific region is dominating the market with a share of 38.69% of the total market and is continuing to grow because of boost in industrialization across the region. Also, with the growing demand for improved solutions throughout the region is helping in the growth of market.

North America is the fastest growing region because of the technological advances and digital transformation.

Industrial-Control--Factory-Automation-Market By Region

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Regional Outlook

North America

  • US

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of the Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America

Key Players in Industrial Control & Factory Automation Market

The major key players are Yokogawa Electric Corporation, Omron Corporation, WIKA, Mitsubishi Electric Corporation, Rockwell Automation, Yaskawa Electric Corporation, Toshiba Corporation, Honeywell International Inc., Dwyer Instruments, Stratasys, Hitachi and others.

Omron Corporation-Company Financial Analysis

Company Landscape Analysis

Industrial Control & Factory Automation Market Recent Development

  • In November 2023, NovaTech Automation completed the acquisition of the product line from TestSwitch LLC. This acquisition strengthened NovaTech Automation's position in the industry and expanded its product portfolio, which now includes TestSwitch's flagship product, the W3TS Test Switch.

  • In November 2023, Huizenga Automation Group completed the acquisition of GSE Automation which offers a wide range of services including process development, FEA analysis, and system design. This acquisition was aimed at strengthening Huizenga's position in the field of industrial automation, capitalizing on GSE's extensive expertise to enrich their existing portfolio.

Industrial Control & Factory Automation Market Report Scope:

Report Attributes Details
Market Size in 2023 US$ 191 Billion
Market Size by 2031 US$ 405 Billion
CAGR CAGR of 8.70% From 2024 to 2031
Base Year 2023
Forecast Period 2024-2031
Historical Data 2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Control Systems (DCS, PLC, SCADA, Others)
• By Industry (Process Industry, Discrete Industry)
• By Component ( Industrial Robots, Collaborative Industrial Robots, Machine Vision, Control Valves, Field Instruments, Human–Machine Interface, Industrial PC, Sensors, Industrial 3D Printing)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America)
Company Profiles Yokogawa Electric Corporation, Omron Corporation, WIKA, Mitsubishi Electric Corporation, Rockwell Automation, Yaskawa Electric Corporation, Toshiba Corporation, Honeywell International Inc., Dwyer Instruments, Stratasys, Hitachi 
Key Drivers • Increase in government initiatives to promote industrial automation.
• Innovation in industrial control and automation is set into motion by developments technologies like artificial intelligence, machine learning and robots making industrial processes self-sufficient & more intelligent.
Opportunities • Adoption of Industry 4.0 principles in manufacturing sectors

Frequently Asked Questions

Ans: The Industrial Control & Factory Automation Market Size is expected to grow at a CAGR of 8.70%.

Ans: Industrial Control & Factory Automation Market size was USD 191 billion in 2023 and is expected to Reach USD 405 billion by 2031.

Ans: Innovation in industrial control and automation is set into motion by developments technologies like artificial intelligence machine learning and robots making industrial processes self-sufficient & more intelligent.

Ans: With control systems becoming more connected there can be issues related to cybersecurity attacks are growing which can be a key restraint in the implementation of automation.

Ans: North America is expected to hold the largest market share in the Industrial Control & Factory Automation market during the forecast period.

TABLE OF CONTENTS

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Industry Flowchart

3. Research Methodology

4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges

5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India

6. Value Chain Analysis

7. Porter’s 5 Forces Model

8. Pest Analysis

9. Industrial Control & Factory Automation Market Segmentation, by Control Systems
9.1 Introduction
9.2 Trend Analysis
9.3 DCS
9.4 PLC
9.5 SCADA
9.6 Others

10. Industrial Control & Factory Automation Market Segmentation, by Industry
10.1 Introduction
10.2 Trend Analysis
10.3 Process Industry
10.4 Discrete Industry

11. Industrial Control & Factory Automation Market Segmentation, by Component
11.1 Introduction
11.2 Trend Analysis
11.3 Industrial Robots
11.4 Collaborative Industrial Robots
11.5 Machine Vision
11.6 Control Valves
11.7 Field Instruments
11.8 Human–Machine Interface
11.9 Industrial PC
11.10 Sensors
11.11 Industrial 3D Printing

12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 Trend Analysis
12.2.2 North America Industrial Control & Factory Automation Market by Country
12.2.3 North America Industrial Control & Factory Automation Market by Control Systems
12.2.4 North America Industrial Control & Factory Automation Market by Industry
12.2.5 North America Industrial Control & Factory Automation Market by Component
12.2.6 USA
12.2.6.1 USA Industrial Control & Factory Automation Market by Control Systems
12.2.6.2 USA Industrial Control & Factory Automation Market by Industry
12.2.6.3 USA Industrial Control & Factory Automation Market by Component
12.2.7 Canada
12.2.7.1 Canada Industrial Control & Factory Automation Market by Control Systems
12.2.7.2 Canada Industrial Control & Factory Automation Market by Industry
12.2.7.3 Canada Industrial Control & Factory Automation Market by Component
12.2.8 Mexico
12.2.8.1 Mexico Industrial Control & Factory Automation Market by Control Systems
12.2.8.2 Mexico Industrial Control & Factory Automation Market by Industry
12.2.8.3 Mexico Industrial Control & Factory Automation Market by Component
12.3 Europe
12.3.1 Trend Analysis
12.3.2 Eastern Europe
12.3.2.1 Eastern Europe Industrial Control & Factory Automation Market by Country
12.3.2.2 Eastern Europe Industrial Control & Factory Automation Market by Control Systems
12.3.2.3 Eastern Europe Industrial Control & Factory Automation Market by Industry
12.3.2.4 Eastern Europe Industrial Control & Factory Automation Market by Component
12.3.2.5 Poland
12.3.2.5.1 Poland Industrial Control & Factory Automation Market by Control Systems
12.3.2.5.2 Poland Industrial Control & Factory Automation Market by Industry
12.3.2.5.3 Poland Industrial Control & Factory Automation Market by Component
12.3.2.6 Romania
12.3.2.6.1 Romania Industrial Control & Factory Automation Market by Control Systems
12.3.2.6.2 Romania Industrial Control & Factory Automation Market by Industry
12.3.2.6.4 Romania Industrial Control & Factory Automation Market by Component
12.3.2.7 Hungary
12.3.2.7.1 Hungary Industrial Control & Factory Automation Market by Control Systems
12.3.2.7.2 Hungary Industrial Control & Factory Automation Market by Industry
12.3.2.7.3 Hungary Industrial Control & Factory Automation Market by Component
12.3.2.8 Turkey
12.3.2.8.1 Turkey Industrial Control & Factory Automation Market by Control Systems
12.3.2.8.2 Turkey Industrial Control & Factory Automation Market by Industry
12.3.2.8.3 Turkey Industrial Control & Factory Automation Market by Component
12.3.2.9 Rest of Eastern Europe
12.3.2.9.1 Rest of Eastern Europe Industrial Control & Factory Automation Market by Control Systems
12.3.2.9.2 Rest of Eastern Europe Industrial Control & Factory Automation Market by Industry
12.3.2.9.3 Rest of Eastern Europe Industrial Control & Factory Automation Market by Component
12.3.3 Western Europe
12.3.3.1 Western Europe Industrial Control & Factory Automation Market by Country
12.3.3.2 Western Europe Industrial Control & Factory Automation Market by Control Systems
12.3.3.3 Western Europe Industrial Control & Factory Automation Market by Industry
12.3.3.4 Western Europe Industrial Control & Factory Automation Market by Component
12.3.3.5 Germany
12.3.3.5.1 Germany Industrial Control & Factory Automation Market by Control Systems
12.3.3.5.2 Germany Industrial Control & Factory Automation Market by Industry
12.3.3.5.3 Germany Industrial Control & Factory Automation Market by Component
12.3.3.6 France
12.3.3.6.1 France Industrial Control & Factory Automation Market by Control Systems
12.3.3.6.2 France Industrial Control & Factory Automation Market by Industry
12.3.3.6.3 France Industrial Control & Factory Automation Market by Component
12.3.3.7 UK
12.3.3.7.1 UK Industrial Control & Factory Automation Market by Control Systems
12.3.3.7.2 UK Industrial Control & Factory Automation Market by Industry
12.3.3.7.3 UK Industrial Control & Factory Automation Market by Component
12.3.3.8 Italy
12.3.3.8.1 Italy Industrial Control & Factory Automation Market by Control Systems
12.3.3.8.2 Italy Industrial Control & Factory Automation Market by Industry
12.3.3.8.3 Italy Industrial Control & Factory Automation Market by Component
12.3.3.9 Spain
12.3.3.9.1 Spain Industrial Control & Factory Automation Market by Control Systems
12.3.3.9.2 Spain Industrial Control & Factory Automation Market by Industry
12.3.3.9.3 Spain Industrial Control & Factory Automation Market by Component
12.3.3.10 Netherlands
12.3.3.10.1 Netherlands Industrial Control & Factory Automation Market by Control Systems
12.3.3.10.2 Netherlands Industrial Control & Factory Automation Market by Industry
12.3.3.10.3 Netherlands Industrial Control & Factory Automation Market by Component
12.3.3.11 Switzerland
12.3.3.11.1 Switzerland Industrial Control & Factory Automation Market by Control Systems
12.3.3.11.2 Switzerland Industrial Control & Factory Automation Market by Industry
12.3.3.11.3 Switzerland Industrial Control & Factory Automation Market by Component
12.3.3.1.12 Austria
12.3.3.12.1 Austria Industrial Control & Factory Automation Market by Control Systems
12.3.3.12.2 Austria Industrial Control & Factory Automation Market by Industry
12.3.3.12.3 Austria Industrial Control & Factory Automation Market by Component
12.3.3.13 Rest of Western Europe
12.3.3.13.1 Rest of Western Europe Industrial Control & Factory Automation Market by Control Systems
12.3.3.13.2 Rest of Western Europe Industrial Control & Factory Automation Market by Industry
12.3.3.13.3 Rest of Western Europe Industrial Control & Factory Automation Market by Component
12.4 Asia-Pacific
12.4.1 Trend Analysis
12.4.2 Asia-Pacific Industrial Control & Factory Automation Market by Country
12.4.3 Asia-Pacific Industrial Control & Factory Automation Market by Control Systems
12.4.4 Asia-Pacific Industrial Control & Factory Automation Market by Industry
12.4.5 Asia-Pacific Industrial Control & Factory Automation Market by Component
12.4.6 China
12.4.6.1 China Industrial Control & Factory Automation Market by Control Systems
12.4.6.2 China Industrial Control & Factory Automation Market by Industry
12.4.6.3 China Industrial Control & Factory Automation Market by Component
12.4.7 India
12.4.7.1 India Industrial Control & Factory Automation Market by Control Systems
12.4.7.2 India Industrial Control & Factory Automation Market by Industry
12.4.7.3 India Industrial Control & Factory Automation Market by Component
12.4.8 Japan
12.4.8.1 Japan Industrial Control & Factory Automation Market by Control Systems
12.4.8.2 Japan Industrial Control & Factory Automation Market by Industry
12.4.8.3 Japan Industrial Control & Factory Automation Market by Component
12.4.9 South Korea
12.4.9.1 South Korea Industrial Control & Factory Automation Market by Control Systems
12.4.9.2 South Korea Industrial Control & Factory Automation Market by Industry
12.4.9.3 South Korea Industrial Control & Factory Automation Market by Component
12.4.10 Vietnam
12.4.10.1 Vietnam Industrial Control & Factory Automation Market by Control Systems
12.4.10.2 Vietnam Industrial Control & Factory Automation Market by Industry
12.4.10.3 Vietnam Industrial Control & Factory Automation Market by Component
12.4.11 Singapore
12.4.11.1 Singapore Industrial Control & Factory Automation Market by Control Systems
12.4.11.2 Singapore Industrial Control & Factory Automation Market by Industry
12.4.11.3 Singapore Industrial Control & Factory Automation Market by Component
12.4.12 Australia
12.4.12.1 Australia Industrial Control & Factory Automation Market by Control Systems
12.4.12.2 Australia Industrial Control & Factory Automation Market by Industry
12.4.12.3 Australia Industrial Control & Factory Automation Market by Component
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Industrial Control & Factory Automation Market by Control Systems
12.4.13.2 Rest of Asia-Pacific Industrial Control & Factory Automation Market by Industry
12.4.13.3 Rest of Asia-Pacific Industrial Control & Factory Automation Market by Component
12.5 Middle East & Africa
12.5.1 Trend Analysis
12.5.2 Middle East
12.5.2.1 Middle East Industrial Control & Factory Automation Market by Country
12.5.2.2 Middle East Industrial Control & Factory Automation Market by Control Systems
12.5.2.3 Middle East Industrial Control & Factory Automation Market by Industry
12.5.2.4 Middle East Industrial Control & Factory Automation Market by Component
12.5.2.5 UAE
12.5.2.5.1 UAE Industrial Control & Factory Automation Market by Control Systems
12.5.2.5.2 UAE Industrial Control & Factory Automation Market by Industry
12.5.2.5.3 UAE Industrial Control & Factory Automation Market by Component
12.5.2.6 Egypt
12.5.2.6.1 Egypt Industrial Control & Factory Automation Market by Control Systems
12.5.2.6.2 Egypt Industrial Control & Factory Automation Market by Industry
12.5.2.6.3 Egypt Industrial Control & Factory Automation Market by Component
12.5.2.7 Saudi Arabia
12.5.2.7.1 Saudi Arabia Industrial Control & Factory Automation Market by Control Systems
12.5.2.7.2 Saudi Arabia Industrial Control & Factory Automation Market by Industry
12.5.2.7.3 Saudi Arabia Industrial Control & Factory Automation Market by Component
12.5.2.8 Qatar
12.5.2.8.1 Qatar Industrial Control & Factory Automation Market by Control Systems
12.5.2.8.2 Qatar Industrial Control & Factory Automation Market by Industry
12.5.2.8.3 Qatar Industrial Control & Factory Automation Market by Component
12.5.2.9 Rest of Middle East
12.5.2.9.1 Rest of Middle East Industrial Control & Factory Automation Market by Control Systems
12.5.2.9.2 Rest of Middle East Industrial Control & Factory Automation Market by Industry
12.5.2.9.3 Rest of Middle East Industrial Control & Factory Automation Market by Component
12.5.3 Africa
12.5.3.1 Africa Industrial Control & Factory Automation Market by Country
12.5.3.2 Africa Industrial Control & Factory Automation Market by Control Systems
12.5.3.3 Africa Industrial Control & Factory Automation Market by Industry
12.5.3.4 Africa Industrial Control & Factory Automation Market by Component
12.5.3.5 Nigeria
12.5.3.5.1 Nigeria Industrial Control & Factory Automation Market by Control Systems
12.5.3.5.2 Nigeria Industrial Control & Factory Automation Market by Industry
12.5.3.5.3 Nigeria Industrial Control & Factory Automation Market by Component
12.5.3.6 South Africa
12.5.3.6.1 South Africa Industrial Control & Factory Automation Market by Control Systems
12.5.3.6.2 South Africa Industrial Control & Factory Automation Market by Industry
12.5.3.6.3 South Africa Industrial Control & Factory Automation Market by Component
12.5.3.7 Rest of Africa
12.5.3.7.1 Rest of Africa Industrial Control & Factory Automation Market by Control Systems
12.5.3.7.2 Rest of Africa Industrial Control & Factory Automation Market by Industry
12.5.3.7.3 Rest of Africa Industrial Control & Factory Automation Market by Component
12.6 Latin America
12.6.1 Trend Analysis
12.6.2 Latin America Industrial Control & Factory Automation Market by country
12.6.3 Latin America Industrial Control & Factory Automation Market by Control Systems
12.6.4 Latin America Industrial Control & Factory Automation Market by Industry
12.6.5 Latin America Industrial Control & Factory Automation Market by Component
12.6.6 Brazil
12.6.6.1 Brazil Industrial Control & Factory Automation Market by Control Systems
12.6.6.2 Brazil Industrial Control & Factory Automation Market by Industry
12.6.6.3 Brazil Industrial Control & Factory Automation Market by Component
12.6.7 Argentina
12.6.7.1 Argentina Industrial Control & Factory Automation Market by Control Systems
12.6.7.2 Argentina Industrial Control & Factory Automation Market by Industry
12.6.7.3 Argentina Industrial Control & Factory Automation Market by Component
12.6.8 Colombia
12.6.8.1 Colombia Industrial Control & Factory Automation Market by Control Systems
12.6.8.2 Colombia Industrial Control & Factory Automation Market by Industry
12.6.8.3 Colombia Industrial Control & Factory Automation Market by Component
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Industrial Control & Factory Automation Market by Control Systems
12.6.9.2 Rest of Latin America Industrial Control & Factory Automation Market by Industry
12.6.9.3 Rest of Latin America Industrial Control & Factory Automation Market by Component

13. Company Profiles
13.1 Yokogawa Electric Corporation
13.1.1 Company Overview
13.1.2 Financial
13.1.3 Products/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Omron Corporation
13.2.1 Company Overview
13.2.2 Financial
13.2.3 Products/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 WIKA, Mitsubishi Electric Corporation
13.3.1 Company Overview
13.3.2 Financial
13.3.3 Products/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Rockwell Automation
13.4.1 Company Overview
13.4.2 Financial
13.4.3 Products/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Yaskawa Electric Corporation
13.5.1 Company Overview
13.5.2 Financial
13.5.3 Products/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Toshiba Corporation
13.6.1 Company Overview
13.6.2 Financial
13.6.3 Products/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Honeywell International Inc.
13.7.1 Company Overview
13.7.2 Financial
13.7.3 Products/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Dwyer Instruments
13.8.1 Company Overview
13.8.2 Financial
13.8.3 Products/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Stratasys
13.9.1 Company Overview
13.9.2 Financial
13.9.3 Products/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Hitachi
13.10.1 Company Overview
13.10.2 Financial
13.10.3 Products/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View

14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions

15. Use Case and Best Practices

16. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

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Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.


  •            5000 (33% Discount)


  •            8950 (40% Discount)


  •            3050 (23% Discount)

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