Smart Factory Market Growth 20192024 Published On : 02 March 2019
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Report Studies Smart Factory is the advanced factory that has cyber-physical systems where materials can be moved efficiently across the factory floor. This advanced system has integrated computing codes that provides automation solution.Within the modular structured smart factories, cyber-physical systems monitor physical processes, create a virtual copy of the physical world and make decentralized decisions. Over the Internet of Things, cyber-physical systems communicate and cooperate with each other and with humans in real time, and via the Internet of Services, both internal and cross-organizational services are offered and used by participants of the value chain.North America was the largest market with a market share of 29.09% in 2012 and 26.56% in 2017 with an increase of 2.53%. Europe and China ranked the second and third markets with the market share of 26.50% and 18.92% in 2016.
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By Manufacturers • Siemens AG • ABB Ltd. • Honeywell International, Inc. • Yokogawa Electric Corp. • General Electric Company • Emerson Electric Company • Schnieder Electric • Atos SE • Rockwell Automation Inc. • Robert Bosch GmbH E-mail: help@grandresearchstore.com
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APPLICATION • Automobile and Transportation • Food and Beverage • Electrical and Electronics • Chemical and Material • Oil and Gas
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By Application, the market can be split into
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Automobile and Transportation Food and Beverage
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Electrical and Electronics
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