KEY FINDINGS The Europe smart manufacturing market is projected to propagate at a CAGR of 7.54% during the forecast period. The United Kingdom, Germany, France, Spain, Italy, Russia & the collective countries from the Rest of Europe are considered for the market study.
MARKET INSIGHTS Security concerns and high capital investment are hindering the Europe smart manufacturing market.Germany is expected to be the fastest growing market for smart manufacturing since the German government has been proactively investing to encourage industrial companies to adopt smart manufacturing.
On the other hand, downsizing and unemployment are increasing day by day due to the wider adoption rate of automation. This can clog the market growth in Europe in the upcoming years.
COMPETITIVE INSIGHTS General Electric Company, ABB Ltd., Mitsubishi Electric Corporation, Emerson Electric Company, Fanuc Corporation, Honeywell International Inc., Robert Bosch GMBH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG and Yokogawa Electric Corporation are the competing firms that are responsible for the growth of Europe market for smart manufacturing.
Companies mentioned 1. ABB LTD. 2. EMERSON ELECTRIC CO. 3. FANUC CORPORATION 4. GENERAL ELECTRIC COMPANY 5. HONEYWELL INTERNATIONAL INC. 6. MITSUBISHI ELECTRIC CORPORATION 7. ROBERT BOSCH GMBH 8. ROCKWELL AUTOMATION INC. 9. SCHNEIDER ELECTRIC SE 10. SIEMENS AG 11. YOKOGAWA ELECTRIC CORPORATION
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