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Middle East Factory Automation and Assembly Technology Market is expected to reach $25.8 billion by 2025


Middle East Factory

iCrowdNewswire   Jul 22, 20205:59 PM ET

Middle East Factory Automation and Assembly Technology Market is expected to reach $25.8 billion by 2025 at a CAGR of 5.5% during the forecast period 2020-2025 owing to rising industrialization in the automotive and food industries in the region.The number of local manufacturers for automotive parts and other are growing in the Middle Eastern countries such as Saudi Arabia, UAE, Oman, Iran and other, In addition increasing adoption of automation in these countries is accelerating the usage of high quality products with high volume production in various industries and assembly lines. Moreover increasing installation and adoption of smart devices, industrial sensors, industrial Automation Motion Control System and many other such devices is driving the growth of the Middle East Factory Automation and Assembly Technology Market size during the forecast period 2020-2025.
By hardware- Segment Analysis 
Industrial robots is growing at a CAGR of 7.8% in the forecast period. Manufacturers in this region are installing industrial robots to make production and distribution easy and efficient. The installation of industrial robots is reducing human intervention in the production process, thereby reducing the cost of manufacturing with improved quality and increased production capacity. In addition these robots in assembling process decrease cycle times for assembly of the inner workings of many electronics like motherboards. With the decrease in assembly time, these robots are increasing productivity in many electronics manufacturing facilities, Moreover with the introduction of assembly robotic systems in various industries has also driven down prices of the end products for consumers. Manufacturers are able to save money on labour and production costs, and they pass those savings along to their customers. Hence these benefits are analysed to drive the market in the forecast period 2020-2025.
By Industry Vertical – Segment Analysis
The power utility & water treatment segment is growing at a CAGR of 7.2% in the forecast period owing to favorable government initiatives to strengthen the renewable energy sectors across in these countries. Efforts being made to diversify the economies in the region would include the development of new power and water treatment plants in the forecast period. As a result, the number of non-oil industries would experience growth, which would in turn back the growth in demand for industrial automation across the region during the forecast period.
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By Geography – Segment Analysis
Saudi Arabia dominated the market by a market share of more than 32% in 2019. Government initiatives to reduce the dependency on the oil and gas sector and invest heavily in the domestic manufacturing sector including pharmaceutical, automobile, and food processing industries would spur the demand for Factory automation and assembly technology market. Moreover, the growing need for automation and assembly technology for better production efficiency in the industrial sector would open up new avenues.In addition growing investments in several countries in the region are also enhancing the market. For instance, Saudi Arabia National Industrial Development and Logistics Program seeks to attract an investment of around $427 billion in the Kingdom by 2030, in four domains such as manufacturing, mining, energy, and logistics. Similarly, the industrial revolution 4.0 initiative would help in powering industrial automation by increasing manufacturing productivity which in turn would drive the demand for industrial automation in the Saudi Arabian market.
Drivers – Middle East Factory Automation and Assembly Technology Market
 
Demand for Fast Production Capacity Creates Need for Rampant Industrial Automation
 
Rapidly increasing demand for fast production capacities is primarily driving the industrial automation and assembly technology market. Such a high demand mainly exists in terms of automotive assemblies, telecom networks, aircrafts, heat treating boilers and ovens, chemical plant machinery, steering and ship stabilization, and other machinery systems. Moreover, several companies are pouring large sums of money to facilitate research and developmental processes regarding industrial automation. This too has been responsible for propelling growth in the industrial automation market. Various industrial segments are adopting automation systems to reduce labor burden, consequently making the market grow at a respectable pace. In addition growing investments and initiatives in several countries in the region are also enhancing the market. For instance, Dubai Industrial Strategy 2030 and National Industrial Development and Logistics Program, together with several upcoming non-oil projects would continue to play an important role in the growth of the factory automation market. Moreover with the vision 2021 National Agenda, the UAE government is supporting the development of the manufacturing sector by focusing on creating national policies that promote sustainable growth for assembly technology. Similarly Saudi Arabia government is also providing its support through initiatives and investments.All these factors are expected to fuel the industrial automation and assembly technology market in the forecast period 2020-2025.
Growing demand for Collaborative robots in manufacturing facilities
 
The increasing shift towards automation in the developing nation is anticipated to foster the Collaborative robotics market over the forecast period. Companies in Saudi Arabia have significantly invested in the field of robotics and artificial intelligence. Most of the Industries have replaced manual processes into an automatic processes in this region which indicates the growth opportunity for the collaborative robotics market. Similarly, government of UAE has added up to a leading shift in robotics and automation process in the industrial sector. In addition these government share taking initiatives to make the country, a robotic hub which is projected to provide the lucrative opportunities for the scara robot market growth. This in turn has resulted in the increase in the automation model of assembly lines inside several industries.Moreover, the companies are investing in expanding the manufacturing and consumer base in Middle East & Africa. In 2017, Uniliver invested USD$ 272 million in order to expand its manufacturing site in Dubai, similarly, several other companies are planning to invest heavily for the deployment of robots in their manufacturing facilities. Therefore rising deployment of robotics in different areas in the region is expected to fuel the market growth of scara robotics market during the forecast period.
Challenges – Middle East Factory Automation and Assembly Technology Market
 
Lack of Awareness Regarding Automation Benefits Stunts Growth
 
Although Factory Automation andAssembly Technology is growing significantly, steep costs required to set up systems for machinery production, as well as expensive research and development activities undertaken for the same is greatly hampering the industrial automation and assembly technology market’s growth. In addition, high installation and maintenance expenses are discouraging small-scale plants and industries who tend to avoid automation completely. Moreover, lack of awareness regarding benefits of automation is posing as an obstacle to the market in these emerging economies.

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Market Landscape
 
Technology launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Middle East Factory Automation and Assembly Technology market. In 2019, the market of Middle East Factory Automation and Assembly Technology industry outlook has been fragmented by several companies vying for top share.  Middle East Factory Automation and Assembly Technology top 10 companies include Rockwell Automation, Honeywell, GE, ABB Ltd., Emerson, Vista Automation,Johnson Controls, Mitsubishi, Schneider Electric, Siemens AG among others.
Acquisitions/Technology Launches
  •  In January 2020, Emerson launched a new range of Rosemount solid level switches that will increase safety, reduce waste by offering reliable point level monitoring and supporting overfill prevention, and optimize operation.
  •  In May 2019, Novarc Technologies has launched demonstration sites of its Spool Welding Robot(“SWR”) in the Dubai Investment Park 2 (DIP2) in Dubai.
Key Takeaways
Saudi Arabia dominated the market by a market share of more than 32% in 2019. Government initiatives to reduce the dependency on the oil and gas sector and invest heavily in the domestic manufacturing sector including pharmaceutical, automobile, and food processing industries would spur the demand for Factory automation and assembly technology market.
The power utility & water treatment segment is growing at a CAGR of 7.2% in the forecast period owing to favorable government initiatives to strengthen the renewable energy sectors across in these countries.
Industrial robots is growing at a CAGR of 7.8% in the forecast period. Manufacturers in this region are installing industrial robots to make production and distribution easy and efficient. The installation of industrial robots is reducing human intervention in the production process, thereby reducing the cost of manufacturing with improved quality and increased production capacity.
Middle East Factory Automation and Assembly Technology top 10 companies include Rockwell Automation, Honeywell, GE, ABB Ltd., Emerson, Vista Automation, Johnson Controls, Mitsubishi, Schneider Electric, Siemens AG among others.
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https://www.industryarc.com/Report/19013/smart-factory-and-industrial-automation-market
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