Smart Factory Market Key Players are: Yokogawa Electric, Kuka Aktiengesellschaft, Atos SE, Johnson, Emerson and Robert Bosch GmbH
Lack of standardization and interoperability coupled with unavailability of efficient & trained workers are the key restraining factors for global smart factory market growth in upcoming years.
(EMAILWIRE.COM, August 07, 2018 ) Market Overview:-
Smart Factory Market size is witnessing a substantial growth, with increasing demand for smart production technology, includes quality & productivity and zero defect. Advanced technology comprises industrial value chain functions which includes production planning & execution, product design and services.
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Growing demand for efficient and energy saving production process is likely to fuel the Smart Factory Market demand. The advanced factories provide complete automation solutions for production facilities to streamline the flow of materials without wasting any time by connecting machine to machine communication.
Top Key Players:-
The prominent players of smart factory market include Siemens AG, General Electric Company, Fanuc Corporation, ABB Ltd., Schneider Electric and Honey International Inc. Some other notable players in this market include Yokogawa Electric Corporation, Kuka Aktiengesellschaft, Atos SE, Johnson Controls Inc., Emerson Electric Company and Robert Bosch GmbH. In April 2017, Honey International Inc, introduced a new lightweight satellite communication system for cockpit safety in order to provide facilities to aviation sector.
Market share calculation in this report is not done based on companies covered in it. The calculation of smart factory market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Request for customization @ https://www.gminsights.com/roc/1436
Regional Segmentations: -
North America, led by U.S. holds the major share of smart factory market. Presence of leading players and multinational companies will further augment the demand. Increasing research & development in internet of things (IOT) for improved and modern technology are major factors driving the product demand in this region.
Asia Pacific, is foreseen to be largest in smart factory market during the predicted timeframe owing to high investments in development of processing sectors along with favorable government regulations and availability of raw materials. Growth in pharmaceuticals and IT industry is likely to fuel the smart factory market demand in this region. For an instance, In April 2015, South Korea government has invested around USD 12 million in order to promote the product concept in this region.
Browse Full Report @ https://www.gminsights.com/industry-analysis/smart-factory-market
Increasing adoption of industrial robots, digital transformation and development of internet services by manufacturers are the major factors which will propel the smart factory market growth in future. Industrial evolutions in the technology enhancements has resulted in upgraded production facility in terms of efficiency couple with minimum waste & defects.
In manufacturing process, industrial robot is a disruptive technology and is anticipated to bring a revolution in smart factory market. Implementation of industrial robotics has led to advanced production processes which can improve the productivity, reduce the human errors and increase the production volume.
Strong automotive outlook coupled with upsurge in manufacturing of auto parts and is expected to hold the largest market share of smart factory market in future. Efficient and upgraded production plays a significant role in the production and development of quality automotive components. Moreover, adoption of advancement in technology in the oil and gas industry is anticipated to be highest owing to extensive need for reliability and safety in oil & gas manufacturing plants in order to enhance the overall efficiency and minimizing the operating cost.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Smart Factory Market size is witnessing a substantial growth, with increasing demand for smart production technology, includes quality & productivity and zero defect. Advanced technology comprises industrial value chain functions which includes production planning & execution, product design and services.
Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/1436
Growing demand for efficient and energy saving production process is likely to fuel the Smart Factory Market demand. The advanced factories provide complete automation solutions for production facilities to streamline the flow of materials without wasting any time by connecting machine to machine communication.
Top Key Players:-
The prominent players of smart factory market include Siemens AG, General Electric Company, Fanuc Corporation, ABB Ltd., Schneider Electric and Honey International Inc. Some other notable players in this market include Yokogawa Electric Corporation, Kuka Aktiengesellschaft, Atos SE, Johnson Controls Inc., Emerson Electric Company and Robert Bosch GmbH. In April 2017, Honey International Inc, introduced a new lightweight satellite communication system for cockpit safety in order to provide facilities to aviation sector.
Market share calculation in this report is not done based on companies covered in it. The calculation of smart factory market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Request for customization @ https://www.gminsights.com/roc/1436
Regional Segmentations: -
North America, led by U.S. holds the major share of smart factory market. Presence of leading players and multinational companies will further augment the demand. Increasing research & development in internet of things (IOT) for improved and modern technology are major factors driving the product demand in this region.
Asia Pacific, is foreseen to be largest in smart factory market during the predicted timeframe owing to high investments in development of processing sectors along with favorable government regulations and availability of raw materials. Growth in pharmaceuticals and IT industry is likely to fuel the smart factory market demand in this region. For an instance, In April 2015, South Korea government has invested around USD 12 million in order to promote the product concept in this region.
Browse Full Report @ https://www.gminsights.com/industry-analysis/smart-factory-market
Increasing adoption of industrial robots, digital transformation and development of internet services by manufacturers are the major factors which will propel the smart factory market growth in future. Industrial evolutions in the technology enhancements has resulted in upgraded production facility in terms of efficiency couple with minimum waste & defects.
In manufacturing process, industrial robot is a disruptive technology and is anticipated to bring a revolution in smart factory market. Implementation of industrial robotics has led to advanced production processes which can improve the productivity, reduce the human errors and increase the production volume.
Strong automotive outlook coupled with upsurge in manufacturing of auto parts and is expected to hold the largest market share of smart factory market in future. Efficient and upgraded production plays a significant role in the production and development of quality automotive components. Moreover, adoption of advancement in technology in the oil and gas industry is anticipated to be highest owing to extensive need for reliability and safety in oil & gas manufacturing plants in order to enhance the overall efficiency and minimizing the operating cost.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results