The French market for factory automation and industrial controls market is expected to touch USD10.48 billion by 2021 from USD 7.90 billion in 2015, growing at a CAGR of 5.80% over the forecast period. Accounting for over 12% of the regional market share in 2015, the factory automation and industrial controls market in France is relatively small but is expected to grow at a steady pace in the long run.
The strategic move to Industrial 4.0, which is referred to as the highly-industrialized economy moving through IoT and M2M, would greatly help the manufacturing sectors in increasing efficiency through analytical insight, reduce system failures and thereby optimize the costs by cutting down on wastage.
France is currently ranked fourth in the world for industrial output. Leading manufacturing sectors include food products, automobiles, aircraft, ships and trains; electrical machinery; and mechanical equipment and machine tools. The increasing software applications in industrial control devices is expected to increase the market share of these manufacturing industries to a significant extent. There have been heavy investments in automation and industrial infrastructure post the economic recession period which would help in augmenting impetus to the market. However, high initial investment associated with automated production line would somehow hinder the adoption in the French market due to the stagnated growth in the economy of the country.
The report analyses the strategies and developments employed by the major players in the market like ABB, General Electric, Siemens, etc., and offers a comprehensive overview of the market.
Key Deliverables in the Study
- Market analysis for the France factory automation and industrial controls market, with region-specific assessments and competition analysis on a global and regional scale.
- Market definition, along with the identification of key drivers and restraints.
- Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
- Extensively researched competitive landscape section with profiles of major companies, along with their market share.
- Identification and analysis of the macro and micro factors that affect the France factory automation and industrial controls market on both, global and regional, scales.
- A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
- A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
- Insights on the major countries/regions where this industry is growing and identify the regions that are still untapped.
