Market Trends of North America Factory Automation and Industrial Controls Industry
This section covers the major market trends shaping the North America Factory Automation & Industrial Controls Market according to our research experts:
Sensors and Transmitters Field Devices to Drive the Market Growth
- With the advancement and improvement in the processing of speed and material handling in the industrial operations, it has become important for the industries to bring similar level of efficiency improvement across the processing and handling stages. It has been an important aspect in the industry to avoid and reduce bottlenecks across the production line and beyond and has driven the demand. For instance, these offer opportunities to the automotive industry to react faster to market requirements, reduce manufacturing downtimes, enhance the efficiency of supply chains, and expand productivity.
- Proximity sensors are used in smart factory for varied applications. These sensors are becoming more important with the growing use of fast conveyer systems and automated robots. Capacitive sensors also have high sensitivity, making them a favorable choice for tasks related to relative positioning.
- Optical proximity sensors are finding an extensive use, owing to their small-size and ability to work in extreme conditions. However, their general use requires a dark room application, and they also come at a higher price point compared to other type of sensors.
- The processes involved in a smart factory are heavily dependent on the ability of machines to maintain desired rate of input and output. This ensures minimum ideal time and maximum output and avoids overcrowding. Due to these functions, the market for position and velocity sensors is expected to witness a significant growth during the study period. This industry is also projected to witness a shift toward digital systems, owing to increasing incorporation of computers for factory management.
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United States Holds Significant Market Share
- The United States has traditionally been a forerunner in terms of adoption of key technological innovations. A continuation of these trends have been observed. Recently, Ford deployed cobots in its Cologne paint shop. The six cobots sand Fiesta bodies in 35 seconds, further improving the manufacturing process. Additionally, the country is home to various enterprises that are increasingly adopting automation to optimize operations.
- The US oil and gas industry has been a primary demand driver for PLC systems for automation tasks. Automation has not only enabled the high production of oil and gas in the country but also been responsible for the smooth distribution of oil products within the country. Further, Toyota Material Handling North America (TMHNA) selected two universities' research proposals to receive funding through the TMHNA University Research Program.
- Moreover, the country is one of the largest producers of crude oil and a prominent player in the oil and gas industry. For instance, according to EIA, the country produced 24.94 quadrillion Btu of Crude Oil in 2019, and by 2030, the production number is expected to reach 30.01 quadrillions Btu. Additionally, Texas (United States) produces the major share of crude oil in the country, and it is expected to hold a significant demand for production equipment.
- Most of these foreign players are adopting partnership and acquisition strategy, which is also bringing advancement at a global level. For instance, in May 2021, Empire Petroleum announced the acquisition of ExxonMobil's oil and gas assets in US to strengthen its presence in the United States. The assets comprise of about 700 oil, gas, and injector wells and accounts for 40,000 net acres of Permian leasehold, approximately.
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