Market Share of North America Smart Factory Industry
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.
North America Smart Factory Market Leaders
ABB Ltd
Cognex Corporation
Siemens AG
Schneider Electric SE
Yokogawa Electric Corporation
*Disclaimer: Major Players sorted in no particular order
