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Industrial Controls and Factory Automation Market Research Report | Valuates Reports
Industrial 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.
The global Industrial Controls and Factory Automation market size is projected to reach US$ 224400 million by 2028, from US$ 137150 million in 2021, at a CAGR of 7.2% during 2022-2028.
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Globally, the industrial controls and factory automation industry market is relatively concentrated as the manufacturing technology of industrial controls and factory automation is relatively high. And some enterprises, like SIEMENS, Mitsubishi Electric and ABB, etc. are well-known for the wonderful performance of their industrial controls and factory automation and related services. The consumption volume of industrial controls and factory automation is related to downstream industries and global economy. Industrial controls and factory automation is widely used in many industries and general manufacturing industry has the largest market share of no more than 35%, which followed by automotive industry of market share of about 30%.
By Type
• Control Systems
• Measurement and Analytical Products
• Switches and Safety Components
• Industrial Robot
• Others
By Application
• Oil and Gas
• Power Industry
• Automotive
• General Manufacturing
• Others
By Companies
• Siemens
• Mitsubishi Electric
• ABB
• Emerson
• Rockwell Automation
• Schneider Electric
• Keyence
• Bosch Rexroth
• Honeywell
• Fanuc
• Omron
• Yokogawa Electric
• Fuji Electric
• KuKa
• Inovance Group
View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-36T9002/global-industrial-controls-and-factory-automation
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