Top 10 Smart Factory Companies

The global smart factory market is projected to grow from USD 104.42 billion in 2025 to USD 169.73 billion by 2030, at a CAGR of 10.2%. Market growth is driven by rising industry automation, increasing demand for real-time data, and the pressing need to improve productivity. Smart factories use advanced technologies such as AI, IoT, robotics, and big data to create connected, efficient, and flexible manufacturing environments. These systems help reduce downtime, improve quality, and support predictive maintenance. The shift toward Industry 4.0 and government support for digital transformation fuels market expansion. Large manufacturers and SMEs are investing in innovative solutions to meet dynamic production and operational challenges efficiently.

ABB (Switzerland), Emerson Electric Co. (US), Honeywell International Inc. (US), Rockwell Automation (US), Schneider Electric (France) are some key players in the smart factory market.

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Major Smart Factory Companies Include:

• ABB (Switzerland)
• Emerson Electric Co. (US)
• Honeywell International Inc. (US)
• Rockwell Automation (US)
• Schneider Electric (France)

In January 2024, ABB (Switzerland) acquired Real Tech, a Canadian company specializing in optical sensors for real-time water quality monitoring. This move enhances ABB's water management capabilities in municipal and industrial wastewater treatment. Real Tech’s technology, which includes advanced sensors and data analytics, supports immediate water quality assessments.

In April 2024, Emerson Electric Co. introduced DeltaV Workflow Management, a next-generation software for life sciences companies in early-stage development. The new software will help evolve the DeltaV automation platform to provide more scalable options for life sciences innovators.

Rockwell Automation (US) is a leading industrial automation and information company. It is an expert in understanding and simplifying its customers’ complex production challenges and excels at delivering valued solutions to customers. The company functions through three primary business segments: Intelligent Devices, Software and Control, and Lifecycle Services. Rockwell Automation offers smart factory solutions through its Software and Control segment. The company provides industrial sensors under the Allen-Bradley brand. The sensors and devices offered include presence-sensing devices, limit switches, and condition-sensing devices. Smart factory sensors fall under condition sensing devices. The company also provides comprehensive MES solutions in the smart factory market. Some key brands under the company are Allen-Bradley, FactoryTalk, and LifecycleIQ Services. The company operates its business across more than 100 countries globally.

Honeywell International Inc. (US) offers manufacturing products, solutions, and services. It operates through four segments: Aerospace Technologies, Industrial Automation, Building Automation, and Energy and Sustainability Solutions. The company offers smart factory solutions through its Industrial Automation segment. The Industrial Automation segment provides MES such as Business Flex, POMSnet, and OptiVision, which are used in power generation, biofuels, chemicals, and refining industries. It offers safety and productivity solutions, integrating Experion PKS and industrial security platforms. Honeywell International Inc. provides products that enable safe and high-performance industrial operations. The company provides instrumentation, automation, and advanced solutions. Honeywell International Inc. offers sensors, HMI, PLC, SCADA, transmitters, RTUs, and control valves. It provides a powerful software platform, Experion SCADA, incorporating innovative technologies such as HMI and SCADA. It also provides fully integrated software digital suites, which ensure that the operators are thoroughly trained, alarms are managed, and production processes and performance checks are executed.

Schneider Electric (France) is a European multinational corporation specializing in energy management and automation solutions. Schneider Electric operates through the Energy Management (medium voltage, low voltage, and secure Power) and Industrial Automation segments. It operates in four principal markets: non-residential and residential buildings, utilities and infrastructure, industry and machine manufacturers, and data centers and networks. Schneider Electric offers smart factory solutions through the Industrial Automation segment. The Industrial Automation segment provides various products and solutions, including hardware and software automation products such as distributed control systems (DCS), human–machine interface operator panels, safety systems, motor starters, sensors, programmable logic controllers (PLCs), supervisory control systems, and asset and operations management solutions, to the process and discrete automation manufacturing plants.

Market Ranking

The smart factory market has a few major players, including ABB (Switzerland), Emerson Electric Co. (US), Honeywell International Inc. (US), Rockwell Automation (US), and Schneider Electric (France). These companies offer various automation solutions, software platforms, and smart manufacturing systems. Alongside them, several mid-sized and smaller players contribute significantly to market innovation. These companies operate across regions and focus on delivering customized smart factory solutions to improve operational efficiency. Companies are evaluated based on their technology offerings, global reach, industry partnerships, customer satisfaction, and innovation strategies, including product launches, R&D activities, acquisitions, and digital transformation initiatives across manufacturing sectors.

Related Reports:

Smart Factory Market by Component (Industrial Sensors, Industrial Robots, Industrial 3D Printing, Machine Vision Systems), Solution (SCADA, Manufacturing Execution Systems (MES), Plant Asset Management (PAM), Industrial Safety) - Global Forecast to 2030

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