The European factory automation market is projected to grow at a significant CAGR during the forecast period (2020-2026) owing to the significant technological advancement in manufacturing in various countries such as UK, Germany, and others. Germany is the largest European trading partner of the US and the sixth-largest market for the export of goods to the US.
Browse the full report description 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 at https://www.omrglobal.com/industry-reports/europe-factory-automation-market
Furthermore, the country is also focusing on the implementation of advanced technologies such as AI to equip industries with a level of extreme automation. This has propelled the adoption of the automation system in the manufacturing sector that further provides a significant opportunity for European factory automation industry growth.
Moreover, increasing the focus of government and private players to implement automation across various industrial applications is further driving the market growth in the region. In 2017, as per the International Federation of Robotics, the robot density in France was 137 per 10,000 employees. It is more than the global average however lesser than some European countries including Germany, Sweden, and Denmark.
The total number of robots installed by the companies increased by 22% and has reached 1,400 units. In February 2017, the government of Italy launched the National Industry 4.0 plan to boost the investment in new technology, and R&D programs. The country has allocated around $3.9 billion for the National Industry 4.0 plan.
Market Coverage
|
Report Elements |
Details |
|
Study Period |
2019-2026 |
|
Base year |
2019 |
|
Forecast period |
2020-2026 |
|
Segments Covered |
By Component, by Control Systems, and by Industry |
|
Regions Covered |
UK, Germany, France, Italy, Spain, and Rest of Europe |
|
Key Companies Profiled |
ABB Ltd., Honeywell International, Inc., Emerson Electric Co., General Electric Co., Rockwell
Automation, Inc., Schneider
Electric SE, Siemens AG, and
others |
Key questions addressed by the report
o Recovery Timeline
o Deviation from the pre-COVID forecast
o Most affected region/segment
o Recommendations
European Factory Automation Market – Segmentation
By Component
By Control Systems
By Industry
European Factory Automation Market – Segmentation by Region
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