What is the current North America Smart Factory Market size?

The North America Smart Factory Market is projected to register a CAGR of 9.5% during the forecast period (2024-2029) Read More

Who are the key players in North America Smart Factory Market?

ABB Ltd, Cognex Corporation, Siemens AG, Schneider Electric SE and Yokogawa Electric Corporation are the major companies operating in the North America Smart Factory Market. Read More

What years does this North America Smart Factory Market cover?

The report covers the North America Smart Factory Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Smart Factory Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

North America Smart Factory Market - Companies, Growth & Size

North America Smart Factory Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers North America Smart Factory Manufacturers and the market is Segmented by Product (Machine Vision Systems (Cameras, Processors, Software, Enclosures, Frame Grabbers, Integration Services, Lighting), Industrial Robotics (Articulated Robots, Cartesian Robots, Cylindrical Robots, SCARA Robots, Parallel Robots, Collaborative Industry Robots), Control Devices (Relays and Switches, Servo Motors and Drives), Sensors, Communication Technologies (Wired, Wireless)), by Technology (Product Lifecycle Management (PLM), Human Machine Interface (HMI), Enterprise Resource and Planning (ERP), Manufacturing Execution System (MES), Distributed Control System (DCS), Supervisory Controller and Data Acquisition (SCADA), Programmable Logic Controller (PLC)), By End-User Industry (Automotive, Semiconductors, Oil and Gas, Chemical and Petrochemical, Pharmaceutical, Aerospace & Defense, Food and Beverage, Mining), and by Country.

North America Smart Factory Industry Overview

The North American Smart Factory Market is moderately consolidated, with the presence of a few major companies. The companies are continuously investing in making strategic partnerships and product developments to gain more market share. Some of the recent developments in the market are:

April 2021- Mitsubishi Electric Corporation developed seven new X-Series products, including two HVIGBTs and five HVDIODEs, bringing the total number of X-Series power semiconductor modules to 24. These modules are designed for increasingly big-capacity, small-sized inverters used in traction motors, DC-power transmitters, substantial industrial machines, and other high-voltage, large-current equipment. Beginning in July, the models will be released in order.
September 2020 - Siemens and Grundfos signed a digital partnership framework for strategic cooperation between the two companies to focus on complementary products and solutions provided by both parties in three main areas: water and wastewater applications, industrial automation and building technology.