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Download Free sampleIndustrial controls and factory automation use set technologies and automatic control devices that results the automatic operation and control of industrial processes without significant human intervention and achieving superior performance than manual control. These automation devices include PLCs, PCs, PACs, etc. and technologies include various industrial communication systems. It facilitates to increase the product quality, reliability and production rate while reducing production and design cost by adopting new, innovative and integrated technologies and services.
Industrial Controls and Factory Automation Market contains market size and forecasts of Industrial Controls and Factory Automation in Global, including the following market information:
Global Industrial Controls and Factory Automation Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Industrial Controls and Factory Automation market was valued at 141120 million in 2021 and is projected to reach US$ 224990 million by 2028, at a CAGR of 6.9% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Control Systems Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Industrial Controls and Factory Automation include Siemens, Mitsubishi Electric, ABB, Emerson, Rockwell Automation, Schneider Electric, Keyence, Bosch Rexroth and Honeywell, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Industrial Controls and Factory Automation companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
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