North America Smart Factory Market Share

Statistics for the 2023 & 2024 North America Smart Factory market share, created by Mordor Intelligence™ Industry Reports. North America Smart Factory share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

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

  1. ABB Ltd

  2. Cognex Corporation

  3. Siemens AG

  4. Schneider Electric SE

  5. Yokogawa Electric Corporation

*Disclaimer: Major Players sorted in no particular order

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North America Smart Factory Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)