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Industrial Automation Market will Grow at a CAGR of 6.7% | Valuates Reports
The global Industrial Automation market size is projected to reach US$ 212410 million by 2027, from US$ 130710 million in 2020, at a CAGR of 6.7% during 2021-2027.
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The Industrial Automation market is being propelled by the increasing usage of Industry 4.0 and the introduction of 5G wireless technologies. The need to remove human error and cut costs is projected to propel the Industrial Automation market size. By integrating adaptive control and monitoring in various phases of industrial processes, these systems are successful in eliminating human error and thereby enhancing the quality and homogeneity of the products provided.
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Industrial Automation Breakdown Data by Type
• Computer Numerical Control (CNC) Routers
• Machine Vision Systems
• Manufacturing Execution Systems (MES)
• Plant Asset Management
• Product Lifecycle Management (PLM)
• Programmable Logic Control Systems (PLC)
• Supervisory Control and Data Acquisition (SCADA)
• Others
Industrial Automation Breakdown Data by Application
• Automotive and Transportation
• Chemical
• Energy and Power System
• Food
• Environment and Building Technologies
• Oil and Gas
• Others
Major Players in the Global Industrial Automation Industry
• ABB
• Adept
• Bosch
• Emerson Electric
• FANUC
• General Electric
• Honeywell
• Kuka
• Mitsubishi Electric
• Rockwell
• Schneider Electric
• Toshiba
• Voith
• Yaskawa Electric
• Yokogawa Electric
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