U.S Factory Automation Market Innovative Products and Services Are Gradually Capturing the Mkt.

Factory automation is the use of different control systems, software and other technologies for automation of the factory. Several electrical and mechanical parts play a major role in the automation systems and products of factories. Linear shafts, bushings, switches, sensors, bearing units, gears, motors, V-belts, solenoid valves are some of the main mechanical components of the overall 100 parts covered in the report.

Innovative products and services are gradually capturing the Industrial Automation market. Companies such as Sick AG are offering better miniature sensors to which are affordable and productive. Siemens who already have strong market in Asia are increasing production due to demand for automation in emerging country like India.

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The global industrial and factory Automation equipment and services market is slated to grow at 7.05% CAGR for the next five years. The market is estimated to reach $283.2bn by 2018; 19% of which is occupied by USA. Control systems have the largest market in factories with M2M interaction making the process completely automated. Sensors help in differentiating, error control and production management.

The challenges for the factory automation market are reduced security and high installation and maintenance costs. The biggest market for this industry exists in U.S which is the primary hub of global manufacturing industry. The scaling back of investments in Asian countries by OEMs also increases the need for various key products, systems and components as new factory establishments, expansion plans are executed in the next few years in the Europe.

According to IndustryARC expert analysis, the U.S. is noted to be the leading region in terms of design and manufacturing because of trends like widely available computer networks and fast adoption rates to new technologies, in this region.

REPORT SCOPE: Market...