The global factory automation and industrial controls market size was valued at USD 2,119 million in 2024 and is expected to reach USD 3,552 million by 2034, growing at a CAGR of 5.3% from 2024 to 2034.
The factory automation and industrial controls is growing rapidly, driven by the need for efficiency, precision, and safety in manufacturing industries. The adoption of automation solutions such as robotics, AI, and IoT-based controls is increasing as market look for ways to reduce human error and increase productivity. Furthermore, the push for digital transformation and Industry 4.0 integration is making real-time monitoring, predictive maintenance, and efficiency improvements important for companies looking to stay competitive.
The demand in the factory automation and industrial controls market continues with new technology and changing industry needs. The integration of artificial intelligence (AI) and machine learning into automated systems offers new opportunities for market looking to operate effectively in terms of advanced analytics, predictive maintenance, and decision-making capabilities. Manufacturers are focusing on growing their businesses by investing in manufacturing technology and expanding their automation portfolios.
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| Stats ID: | 7353 |
| Format: | Databook |
| Published: | January 2025 |
| Price | US$ 1550 |
Immediate Delivery
| Stats ID: | 7353 |
| Format: | Databook |
| Published: | January 2025 |
| Price | US$ 1550 |
Immediate Delivery
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