European Factory Automation Market 2020-2026

European Factory Automation Market Size, Share & Trends Analysis Report by Component (Industrial Robots, Machine Vision, Human Machine Interface(HMI), Sensors, Control Valves, and Others), By Control Systems(PLC, DCS, SCADA, MES, and Others), By Industry (Automotive, Aerospace & Defense, Oil & Gas, Chemical, Food & Beverages, Healthcare, and Others) and Forecast 2020-2026.

The European factory automation market is estimated to grow significantly during the forecast period owing to the significant adoption of the industrial automation systems such as DCS, and MES in various industries such as automotive, aerospace and others. The overall shipment of robots is highest in Asia-Pacific however, the density of robots is the highest in Europe. According to the International Federation of Robotics, Europe has 106 industrial robots per 10,000 employees as compared to 85 on the global average and 91 of North America. Moreover, there is significant opportunity for implementation for AI in manufacturing that further provide significant opportunity to the market in the country.

The European market for factory automation is further classified on the basis of components, control systems, and Industry. Based on the component, the market is further classified into industrial robots, machine vision, human-machine interface(HMI), sensors, control valves, and others. The industrial robots segment is projected to have considerable growth in the European market. Based on the control systems, the European factory automation market is further segmented into programmable logic controllers (PLC), distributed control systems (DCS), supervisory control and data acquisition system (SCADA), manufacturing execution system (MES), and others( Product Lifecycle Management). The DCS segment held a significant market share in the European factory automation market. On the basis of industry, the market is further segregated into automotive, aerospace & defense, oil & gas, chemical, food & beverages, healthcare, and others. Based on geography, the European factory automation market is further segregated into the UK, Germany, France, Italy, Spain, and the Rest of Europe. Among, geography Germany is projected to have a considerable share in the European factory automation market.

The companies which are contributing to the growth of the European factory automation market include ABB Ltd., Honeywell International, Inc., Emerson Electric Co., General Electric Co., Rockwell Automation, Inc., Schneider Electric SE, Siemens AG, and others. Product launch, merger, and acquisition, collaborations with government, and technological advancements through which market players are considerably contributing to the market growth to stay competitive in the market.

Research Methodology

The market study of the European factory automation market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. the team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. the analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to the reports.

Secondary Sources Include:

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for factory automation solutions providers, software vendors, AI solution providers, robotic solution providers, hardware manufacturers, and other market participants for overall market analysis, and competitive analysis. The report provides an in-depth analysis of market size, products offered by the companies, and future market opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. European Factory Automation Market Research and Analysis by Component
2. European Factory Automation Market Research and Analysis by Control Systems
3. European Factory Automation Market Research and Analysis by Industry

The Report Covers:

• Comprehensive research methodology of the European factory automation market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the European factory automation market.
• Insights about market determinants that are stimulating the European factory automation market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.