Europe Factory Automation and Industrial Controls Market - By Products (Field Devices, Industrial Control Systems, Manufacturing Execution Systems,Enterprise Resource Planning, Product Lifecycle Management ), Industry, Geography, Trends, Forecast - (2017 - 2022)
The Europe Factory Automation and Industrial Controls market is valued at USD 70.34 billion in 2016 and is expected to reach a value of USD 104.26 billion by the end of 2022, growing at a projected CAGR of 6.78% during the forecast period of 2017 – 2022. The European manufacturing & industrial sector is one of the most technically advanced and innovative sectors in the global industrial and manufacturing industry. European manufacturing is also a dominant element in international trade, leading the world in the areas of automotive, machinery and agricultural engineering. Germany would continue dominating the market, with Italy and the UK slowly catching up in the factory automated and industry control solutions market in the region. The seamless integration of hardware and software enabling manufacturing with reduced wastage, lesser accidents, robust and accurate products in an economically profitable way is the core driver of this market. These systems also offer better monitoring and maintenance options, thereby, reducing glitches in the manufacturing process. The developments in wireless technology have opened up new avenues for this market. Remote terminal units now enable control of machines over the entire shop floor, thereby, increasing the ease of use and reducing human exposure to hazardous areas. This, coupled with the advances in sensor technology has started the era of smart manufacturing. IT provides increased efficiency with reduced human intervention. Hence, with the increased emphasis on value-based production, the industrial automation and industrial controls market is expected to achieve sustainable growth in the forecast period. The report analyses the strategies and developments employed by the major players in the market like ABB, General Electric, Siemens, etc., and offers a comprehensive overview of the market. Key Deliverables in the Study Market analysis for the Europe factory automation and industrial controls market, with region-specific assessments and competition analysis on a global and regional scale. Market definition, along with the identification of key drivers and restraints. Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale. Extensively researched competitive landscape section with profiles of major companies, along with their market share. Identification and analysis of the macro and micro factors that affect the Europe factory automation and industrial controls market on both, global and regional, scales. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information. A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market. Insights on the major countries/regions where this industry is growing and identify the regions that are still untapped.