North America Industrial Control & Factory Automation Market

North America Industrial Control & Factory Automation Market by Component (Industrial Control Systems, Software, CNC Controllers, Industrial Robotics, Industrial 3D Printing, Process Analyzers, Industrial Communication, Flow Meters) - Forecast to 2030

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Methodology

The study involved major activities in estimating the current market size for the North America Industrial Control & Factory Automation Market . Exhaustive secondary research was done to collect information on the industrial control & factory automation industry. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain using primary research. Different approaches, such as top-down and bottom-up, were employed to estimate the total market size. After that, the market breakup and data triangulation procedures were used to estimate the market size of the segments and subsegments of the North America Industrial Control & Factory Automation Market .

Secondary Research

The market for the companies offering industrial control & factory automation solutions is arrived at by secondary data available through paid and unpaid sources, analyzing the product portfolios of the major companies in the ecosystem, and rating the companies by their performance and quality. Various sources were referred to in the secondary research process to identify and collect information for this study. The secondary sources include annual reports, press releases, investor presentations of companies, white papers, journals, certified publications, and articles from recognized authors, directories, and databases. In the secondary research process, various secondary sources were referred to for identifying and collecting information related to the study. Secondary sources included annual reports, press releases, and investor presentations of blockchain vendors, forums, certified publications, and whitepapers. The secondary research was used to obtain critical information on the industry's value chain, the total pool of key players, market classification, and segmentation from the market and technology-oriented perspectives.

Primary Research

Extensive primary research has been conducted after understanding and analyzing the current scenario of the North America Industrial Control & Factory Automation Market through secondary research. Several primary interviews have been conducted with the key opinion leaders from the demand and supply sides across four main regions—North America, Europe, Asia Pacific, and the Rest of Europe. Approximately 25% of the primary interviews were conducted with the demand-side respondents, while approximately 75% were conducted with the supply-side respondents. The primary data has been collected through questionnaires, emails, and telephone interviews.

After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primary. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report. The breakdown of primary respondents is as follows:

Market Size Estimation

Both top-down and bottom-up approaches wete used to estimate and validate the total size of the North America Industrial Control & Factory Automation Market . These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

Data Triangulation

After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from the demand and supply sides.

Market Definition

Industrial control & factory automation is a highly digitalized and connected production system that can self-optimize performance across a broad network, self-adapt in various conditions in real time, and autonomously run an entire production process. The major advantage of industrial control & factory automation is its ability to evolve with the changing needs of organizations. Industrial control & factory automation uses a network to connect the virtual and physical elements of production processes to actual manufacturing operations. It helps to create an autonomous manufacturing environment that can handle any technical issues during real-time production, using fragmented information and communication structures to optimize production processes.

Key Stakeholders

End users
Government bodies, venture capitalists, and private equity firms
Manufacturers of industrial control & factory automation components
Distributors of industrial control & factory automation components and solutions
Industrial control & factory automation industry associations
Professional service/solution providers
Research institutions and organizations
Standards organizations and regulatory authorities related to the North America Industrial Control & Factory Automation Market
System integrators
Technology consultants

Report Objectives

To describe and forecast the industrial control and factory automation market, in terms of value, based on component , and industry
To forecast the industrial control and factory automation market, in terms of volume, by component
To forecast the market size, in terms of value, for four main regions—North America, Europe, Asia Pacific, and the RoW.
To provide detailed information regarding drivers, restraints, opportunities, and challenges influencing the market growth
To provide a detailed overview of the value chain of the industrial control and factory automation ecosystem
To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
To provide a detailed overview of the industrial control and factory automation market value chain
To provide an ecosystem analysis, case study analysis, key conferences, patent analysis, trade analysis, technology analysis, average selling price (ASP) analysis, Porter’s five forces analysis, buying criteria, and regulations pertaining to the market
To track and analyze competitive developments undertaken by key players in the industrial control and factory automation market
To profile key players and analyze their market share, core competencies2, and detailed competitive landscape for market leaders
To benchmark market players using the company evaluation matrix, analyzing players based on various parameters within broad business categories and product strategies.
To analyze strategies, such as product launches, acquisitions, partnerships, and expansions, adopted by the players in the industrial control and factory automation market
To study the impact of AI on the market under study, along with the macroeconomic outlook for each region

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

Detailed analysis and profiling of additional market players based on various blocks of the supply chain

North America Industrial Control & Factory Automation Market