The global factory automation and industrial controls market is projected to reach a value of USD 216.65 billion by 2032, growing at a moderate CAGR of 5.2% during the forecast period from 2022 to 2032. Valued at approximately USD 130.84 billion in 2022, this market is significantly driven by the increasing demand for enhanced productivity. …
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Demand for Factory Automation And Industrial Controls Market | Current Trends, Issues, Challenges, Regional Outlook And Key Players
Automation is the use of information technology in conjunction with mechanical technology to produce a more efficient and intelligent manufacturing infrastructure. Factory automation and industrial controls systems can assist in lowering manufacturing costs. They also aid with the standardization of the manufacturing process, which helps to improve quality. The setup costs a lot of money …