Europe Factory Automation Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Component (Hardware and Software), Hardware (Sensors, Controllers, Robots, Drives, and Others), Type (Programmable Automation, Fixed Automation, and Flexible Au

Europe Factory Automation Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Component (Hardware and Software), Hardware (Sensors, Controllers, Robots, Drives, and Others), Type (Programmable Automation, Fixed Automation, and Flexible Automation), Technology (Programmable Logic Controller (PLC), Distributed Control System (DCS), Supervisory Control and Data Acquisition System (SCADA), Human Machine Interface (HMI), and Others), and Industry Vertical (Automotive, Food and Beverage, Oil and Gas, Manufacturing, Mining, and Others)   

The factory automation market in Europe is expected to grow from US$ 36,221.31 million in 2022 to US$ 55,041.39 million by 2028. It is estimated to grow at a CAGR of 7.2% from 2022 to 2028.

Increase in the number of product launches

The continuously growing demand for factory automation has compelled the market players to raise investments in developing new and innovative products and software offerings. A few of the major product developments have taken place in recent years. For instance, in September 2022, Fanuc Corporation announced the launch of new FANUC SCARA robots for food and cleanroom applications. The FANUC SR-3iA/C and SR-6iA/C are fast and precise SCARA robots making them ideal for use in food plants and clean rooms. The robots also consist of white epoxy coating for extra durability and IP54 protection guarding against the ingress of contamination from dust and water spray. Similarly, in August 2022, Rockwell Automation, Inc. announced the enhancement in the compact PowerFlex Drive. The PowerFlex 6000T drive can accept up to 13.8 kV primary voltage, which is nearly twice the input voltage. Its real-time operational intelligence can monitor system performance, save energy with economizer mode, deliver faster commissioning with adaptive control, and reduce downtime and repair costs with predictive maintenance alerts. Such advancements in factory automation solutions, supported by high investments by manufacturers to enhance their product portfolio and innovate products as per customer changing requirements, are expected to contribute to the growth of the factory automation market during the forecast period. In addition, new product launches will help end-user industries such as automotive, food & beverages, oil & gas, and mining improve production time.

Market Overview

The Europe factory automation market is sub-segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. In European Union, Germany is a highly automated economy. In 2020, the country had around 230,000 industrial robots. In 2020 alone, manufacturing facilities in Germany installed 22,300 new industrial robots. According to the International Federation of Robotics (IFR), Germany accounts for 33% of overall Europe's robot inventory. The usage of robots in German manufacturing facilities account for more than three times as compared to Italy, which has 78,200 industrial robots. Similarly, in 2020, France had around 44,800 industrial robots whereas the UK accounted for 23,000 industrial robots. Thus, the growing awareness related to the benefits of using robots in parallel to human in the manufacturing is easing the manufacturing operation and is increasing the production volume. Thus, the manufacturing facilities across the region are constantly eyeing on adopting newer, technological advanced robotic solutions. This parameter is a key driving force to the factory automation market in the European region.

Europe Factory Automation Market Revenue and Forecast to 2028 (US$ Million)

Europe Factory Automation Market Segmentation

The Europe factory automation market is segmented into component, hardware, type, technology, industry vertical and country. Based on component, the market is bifurcated into hardware and software. The hardware segment registered a larger market share in 2022.

Based on hardware, the Europe factory automation market is segmented into sensors, controllers, robots, drives, and other hardware components. The robots segment registered the largest market share in 2022. Based on type, the Europe factory automation market is segmented into programmable automation, fixed automation, and flexible automation. The fixed automation segment registered the largest market share in 2022. Based on technology, the Europe factory automation market is segmented into programmable logic controller (PLC), distributed control system (DCS), supervisory control and data acquisition (SCADA), Human-Machine Interface (HMI), and others. The supervisory control and data acquisition system (SCADA) segment registered the largest market share in 2022. Based on industry vertical, the Europe factory automation market is segmented into automotive, food and beverages, oil and gas, manufacturing, mining, and others. The manufacturing segment registered the largest market share in 2022. Based on country, the market is segmented into Germany, France, Italy, UK, Russia, and the Rest of Europe. Germany dominated the market share in 2022.

ABB Ltd; Bosch Rexroth AG; Emerson Electric Co.; Fanuc Corporation; General Electric Company; Honeywell International Inc.; Mitsubishi Electric Corporation; OMRON Corporation; Rockwell Automation, Inc.; and Siemens AG are the leading companies operating in the factory automation market in the region.

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