Hyderabad, India, March 23, 2017 (GLOBE NEWSWIRE) -- The report “Factory Automation Market: By Mechanical Components (Shafts, Screws, Nuts, Clamps, Sensors, Gears, Motors, Pipes, Nozzles, Others) By Application (Automotive, Chemical, Oil & Gas, Pharmaceutical, Packaging, Food & Beverage) Forecast (2017-2022)”, published by IndustryARC, estimates that with Factory Automation, the market holds great potential owing to its universal application to improve quality with affordability, and will grow with a steady upslope in APAC counties, notably in India.
Browse numerous Market Tables and Figures spread through 185 Pages and an in-depth TOC on “Factory Automation Market 2017 – 2022”
http://industryarc.com/Report/196/factory-automation-mechanical-products-market-analysis.html
Scope & Regional Forecast of the Factory Automation Market:
Industrial and specifically factory automation is the use of different control systems, software and other technologies for automation of various processes in the factory. Advancements associated to optimization of the factory operations are helping the manufacturing process to perform complex tasks in a lot faster and cost effective manner. The use of these technologies increases productivity, quality, almost negates wastage, faster interaction with different departments within the company and other such perks. The need for automation is due to the growing need for better quality products with increased production rates and also to reduce the labor costs.
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The overall market is also presented from the perspective of different geographic regions and the key countries in each region. Asia pacific and North America are the key markets for Factory Automation. The major share was occupied by APAC due to the major growth in China. This market is estimate to grow further due to increased utilization of Copolyester thermoplastic elastomers in industries like footwear and motor vehicles. China has emerged as a major consumer of Copolyester thermoplastic elastomers, owing to the growth of its domestic automotive industry. On the contrary, Japan’s market for COPE is anticipated to see a decline over the forecast period because of a decelerated automotive production outlook.
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The factory automation market for mechanical components total revenue is expected to grow by 2022. Also, the US factory automation mechanical component market is expected to grow. The factory automation market for mechanical components is governed by the major players like Siemens AG (Germany), SKF AB (Sweden) and THK Global (U.S.), among others.
The report is segmented based on the different types of mechanical components that are widely used in the factory automation equipment as well as applications. The market has also been analyzed on the basis of different end user industries. The market share analysis, strategies and future opportunities are also discussed in the report. The service market has been aiding the market in earning significant revenues apart from the hardware and software sales, with an augmented segment of the end-users, preferring the maintenance and outsourcing services instead of the in-house purchase and the subsequent maintenance.
Prominent Segmentations Involved in the Factory Automation Market:
- Mechanical Components: Linear Shafts, Shaft Supports, Shaft Collar, Linear Bushings, Oil Free Bushings, Washers, Linear Guides, Cable Carriers, Ball Screw, Lead Screws, Slide Screws, Actuators, Locating Pins, Bushings, Plungers, Clamps, Motorized Stages, Manual stages, Sensors, Micro Switches, Limit Switches, Control switches, Contact Probes, Lamps For Inspection, Lens, Temperature Sensors, Temperature Control Equipment, Heaters, Bearings, Bearing Units, Cam Followers, Roller Followers, General Motors, Reduction Gears, Stepping Motors, Servo Motors, Gear Motors , Shaft Couplings, Pulleys, Timing Belts, V Belts, Gears, Chains, Chain Sprockets, Conveyors, Rollers, Ball Rollers, Springs, Shock Absorbers, Gas Springs, Ionizers, Aluminium Extrusions, Aluminium Brackets, Pipe frames, Casters, Leveling mounts, Levers, Handles and Knobs, Telescopic Slide Rails, Hinges, Shims, Screws and Nuts, Washers, Retaining Ring, Cylinders, Rotary Actuators, Solenoid Valves, Filter, Regulator, Lubricator, Pneumatic , Fittings, Tubes, Pressure Sensor, Flow Sensors, Vacuum Pumps, Vacuum Ejectors, Suction Cups, Compressors, Blowers, Hydraulic Devices, Hydraulic Pumps, Grippers, Steel Pipes, Copper Pipes, Stainless Steel Pipes, Pipe Fittings, Screw Fittings, Couplers, Nozzles, Valves, Resins, Ducts, Flexible Hoses, Hydraulic Hoses, Adapters, Seal Materials, Sanitary Pipes, Air Blow Gun, Pipes and Ducts, Parts Feeder, Pick And Place Unit, Rod End Bearings and Others.
- End User Industry: Automotive, Chemical, Oil and Gas, Pharmaceutical, Food and Beverage, Paper and Pulp, Packaging and Others.
- Geographic Regions: Americas, Europe, APAC and ROW.
Some of the sample companies profiled in the Factory Automation Market report are as follows:
- Pfeiffer Vacuum Inc
- Festo AG & Co.
- Kaeser Kompressoren
- igus GmbH
- THK Global
- Ruland Manufacturing Co., Inc
- SKF AB
- AMETEK, INC.
- Essentra PLC
- NSK Ltd.
- SATA GmbH & Co. KG
- Juki Corporation
- SEW-EURODRIVE GmbH & Co KG
- Walther Flender Gruppe
- Gates Muctrol GmbH
- Kugellager Hagenauer GmbH & Co. KG
- WELTER Zahnrad GmbH
Why buy this report?
- Get a detailed picture of the Factory Automation Market.
- Pinpoint growth sectors and identify factors driving change.
- Understand the competitive environment, the market’s major players and leading brands.
- A five-year forecast method is used in order to assess how the market is predicted to develop.
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