5th Floor, Rajapushpa Summit
Nanakramguda Rd, Financial District, Gachibowli
Hyderabad, Telangana - 500008
India
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
5th Floor, Rajapushpa Summit
Nanakramguda Rd, Financial District, Gachibowli
Hyderabad, Telangana - 500008
India
+1 617-765-2493
We are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination.
Interested? Please email us
[email protected]© 2020. All Rights Reserved to Mordor Intelligence.