Middle East and Africa Factory Automation Market Scope 2031
Middle East and Africa Factory Automation Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 12.19 Billion |
| Market Size by 2031 | US$ 21.40 Billion |
| Global CAGR (2023 - 2031) | 7.3% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
Middle East and Africa Factory Automation Market News and Recent Developments
The Middle East and Africa factory automation market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Middle East and Africa factory automation market are listed below:
- Festo SE & Co. KG introduced its newest generation of Cartesian-handling-system mechanical axes. The ELGD-TB, tooth belt actuators, and ELGD-BS, ball screw actuators, are based on an innovative Festo design. (Source: Festo SE & Co. KG., Press Release, May 2024)
- Parker Hannifin Corp introduced a 2-way servo proportional valve as part of its TFP series, pioneering a new generation of cartridge valves. With the company’s patented VCD actuator technology, the innovative design of the sleeve and spool allows for previously unattainable flow and pressure drop values. The improved efficiency, compared to regular cartridge throttle valves, enables the use of smaller nominal sizes with the same output—thus reducing the size requirements of the control manifold blocks. (Source: Parker Hannifin Corp, Newsletter, January 2022)
Middle East and Africa Factory Automation Market Report Coverage and Deliverables
The “Middle East and Africa Factory Automation Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Middle East and Africa Factory Automation market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Middle East and Africa Factory Automation market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Middle East and Africa Factory Automation market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Middle East and Africa Factory Automation market
- Detailed company profiles
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