Many organisations in North America are turning to automation services to reduce their dependency on manual labour and speed mass manufacturing. Furthermore, in the United States, using industrial automation services speeds up production procedures. As a result, less electricity and other resources are consumed, making the production process more cost-effective. Another major growth-inducing factor for the North American market is the ongoing desire for efficient automated systems. As a result, a number of North American firms are investing in research and development for these services. Aside from that, as a result of significant increases in industrialisation and urbanisation, the demand to automate repetitive work and enhance company operations has developed across the United States.
North American Industrial Automation Services Market Report Scope and Research Methodology:
The research provides an in-depth analysis of the market, including key stakeholders in the North American Industrial Automation Services industry. The volume, income, production, and sales of the market are all detailed in the North American Industrial Automation Services market research. It clearly illustrates the market's historical and current state, as well as anticipated trends and North American Industrial Automation Services market size. The report used different research approaches, such as interviews, surveys, and so on, to fully understand customer behaviour.
The SMR report is the outcome of multiple approaches utilised in the study, including PORTER, PESTLE, and SWOT analysis, as well as a bottom-up approach to estimating the North American Industrial Automation Services market size. These methodologies were utilised in the study to provide light on the important financial aspects on which key firms must concentrate when identifying competition and formulating market strategies.
North American Industrial Automation Services Market Overview:
Stellar Market Research has released a research titled North American Industrial Automation Services Market, which includes Manufacturers, Regions, Types, Applications, Segments, and Forecast to 2029. The study analyses insights in light of the North American Industrial Automation Services market, as well as its ever-changing patterns, industry environment, and other leading market elements.
North American Industrial Automation Services Market size was valued at US$ 10.71 Bn. in 2020 and the market size is estimated to grow at a CAGR of 10.58 % and is expected to reach at US$ 21.65 Bn. by 2027.
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North American Industrial Automation Services Market Segmentation:
The United States held the biggest market share in 2020, with a market value of US$XX Bn; the market is predicted to grow at a CAGR of 12.27% from 2020 to 2027. The United States is predicted to account for a significant market share, driven by Industry 4.0, as the country continues to innovate and cement its position in the North American market for industrial automation services. The acceptance of smart technologies in the researched market has benefited the national economy as well.
Major participants in the North American industrial automation services industry have made a number of strategic steps in recent years, including facility expansions and alliances. For example, Rockwell Automation Inc. announced the acquisition of Plex Systems for USD 2.22 billion in June 2021.
North American Industrial Automation Services Market Key Players:
General Electric Company
Samsung
Honeywell International Inc.
Rockwell Automation Inc.
Ametek Inc.
ABB
Siemens
Danaher Corporation
North American Industrial Automation Services Market Regional Insights:
The market report offers a thorough examination of market size, dynamics, and market share in the following regions: North America, Europe, Asia Pacific, South America, and the Middle East and Africa.
Key Questions answered in the North American Industrial Automation Services Market Report are:
- What is the expected North American Industrial Automation Services market size by the end of the forecast period?
- What are the North American Industrial Automation Services market segments?
- Which segment in the North American Industrial Automation Services market is expected to grow rapidly during the forecast period?
- Which are the prominent players in the North American Industrial Automation Services market?
- What key trends are expected to emerge in the North American Industrial Automation Services market during the forecast period?
- Which region dominated the North American Industrial Automation Services Market?
- Which regional market is expected to grow at a high rate during the forecast period?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segments with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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About Stellar Market Research
Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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