North American Factory Automation Market Size, Share, Growth, Research and Forecast 2020-2026

 

The North American factory automation market is projected to grow at a significant CAGR during the forecast period (2020-2026). The market is mainly driven by the growing adoption of automated control systems in various industries such as automobile, aerospace, healthcare, and others. For instance, in August 2018, The Kardex Remstar introduced a new technology named Shuttle XP Vertical Lift Module (VLM), which can now be equipped with Access Ready Light Technology. This technology is intended to improve product picking productivity and accuracy in logistics warehousing centers.

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Moreover, in May 2018, Schaefer Systems International acquired INCAS, an Italian based company that provides industrial automation solutions for logistics and production monitoring and integrated software solutions.

Moreover, the Canadian manufacturing industry significantly contributing to the North American factory automation market. The manufacturing industry represents more than 10% of Canada's total GDP, as per the Government of Canada in 2019. The Canadian manufacturing sector covers 21 industry groups that produce goods for both, industrial as well as consumer use. The highly competitive manufacturing industries and the increasing complexity of manufacturing supply chains will further enhance the significance of innovation and the development of new technologies for the manufacturing processes.

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Therefore, to increase the efficiency of the manufacturing sector of the country the adoption of factory automation solutions including DCS, MES, and others are anticipated to drive the market growth in Canada.

Key questions addressed by the report

• What is the market growth rate during the forecast period?
• Which segment/region dominates the market in the base year?
• Which segment/region will project the fastest growth in the market during the forecast period?
• How COVID-19 will impact the market growth in 2020 and the coming years?

o   Recovery Timeline

o   Deviation from the pre-COVID-19 forecast

o   Most affected region/segment

o   Recommendations

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

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North American Factory Automation Market – Segmentation

By Component

• Industrial Robots
• Machine Vision
• Human Machine Interface(HMI)
• Sensors
• Control Valves
• Others

By Control Systems

• Programmable Logic Controllers (PLC)
• Distributed Control Systems (DCS)
• Supervisory Control and Data Acquisition System (SCADA)
• Manufacturing Execution System (MES)
• Others

By Industry

• Automotive
• Aerospace & Defense
• Oil & Gas
• Chemical
• Food & Beverages
• Healthcare
• Others

North American Factory Automation Market – Segmentation by Region

• United States
• Canada

Company Profiles

• ABB Ltd.
• Dwyer Instruments, Inc.
• Emerson Electric Co.
• General Electric Co.
• Honeywell International Inc.
• Mitsubishi Electric Corp.
• NovaTech, LLC
• Rockwell Automation, Inc.
• Siemens AG
• Schneider Electric SE

 

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