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Industrial Control & Factory Automation Market size is estimated to be USD 147.9 billion in 2022 and is projected to reach USD 218.8 billion by 2027, at a CAGR of 8.2%, according to a new report by MarketsandMarkets™.  Increasing adoption of technologies such as AI and IoT in industrial environments, increasing number of government initiatives to promote industrial automation, and the rising need for augmented reality and virtual reality technologies are major factors driving the growth of the industrial control & factory automation market. Additionally, the growing adoption of smart manufacturing techniques across process and discrete industries is another key driver for the market. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=541 Browse in-depth TOC on “Industrial Control & Factory Automation Market”  300 — Tables 66 — Figures 342 — Pages Industrial 3D printing to grow at the highest growth rate during the forecast period Ind...

  Industrial 3D printing to grow at the highest growth rate during the forecast period Industrial 3D printing  is used in tooling, robotics, and special machinery applications. The manufacturing of tools is an expensive and time-consuming process, but it can be simplified using industrial 3D printing. Tools with highly complex designs can be easily manufactured, thereby eliminating the need for an assembly line, and helping to reduce labor costs. The development of new materials is expected to contribute to the increased adoption of industrial 3D printing globally. PAM is expected to register the highest growth rate and MES is expected to register the second-highest growth rate during the forecast period PAM solutions enable users to determine possible failures at the production level well in advance and provide them with the required corrective actions to be taken in real-time. PAM solutions offer predictive and proactive maintenance approaches for predicting future failur...

Industrial Automation market size is estimated to be USD 147.9 billion in 2022 and is projected to reach USD 218.8 billion by 2027, at a CAGR of 8.2%. Industrial automation involves the use of control systems, such as programmable logic controllers (PLCs), sensors, and other technologies, to automate processes and machinery in manufacturing plants, warehouses, and various industrial settings. This technology aims to reduce manual intervention, minimize errors, and optimize production throughput. The industrial automation market encompasses a wide range of applications, including manufacturing, energy, automotive, chemicals, pharmaceuticals, and more. One of the primary drivers behind the growth of the industrial automation market is the pursuit of operational efficiency. Automation enables precision and repeatability in manufacturing processes, resulting in higher quality products and reduced production time. This efficiency is particularly crucial in industries where large-scale pro...

  Industrial Control and Automation market  size is estimated to be USD 147.9 billion in 2022 and is projected to reach USD 218.8 billion by 2027, at a CAGR of 8.2% The  Industrial Control and Factory Automation market  has evolved into a pivotal force driving efficiency, productivity, and innovation across diverse industries. This market encompasses a broad spectrum of technologies and solutions aimed at automating and optimizing manufacturing processes, ensuring seamless control, and fostering the integration of intelligent systems within industrial environments. Trends:  Several notable trends characterize the Industrial Control and Factory Automation market. The rise of the Industrial Internet of Things (IIoT) has been a transformative force, enabling the connectivity of devices, sensors, and systems for real-time data exchange. This connectivity forms the foundation for smart factories, where automation, data analytics, and artificial intelligence converge ...

Industrial Automation market size is estimated to be USD 147.9 billion in 2022 and is projected to reach USD 218.8 billion by 2027, at a CAGR of 8.2%. Industrial automation involves the use of control systems, such as programmable logic controllers (PLCs), sensors, and other technologies, to automate processes and machinery in manufacturing plants, warehouses, and various industrial settings. This technology aims to reduce manual intervention, minimize errors, and optimize production throughput. The industrial automation market encompasses a wide range of applications, including manufacturing, energy, automotive, chemicals, pharmaceuticals, and more. One of the primary drivers behind the growth of the industrial automation market is the pursuit of operational efficiency. Automation enables precision and repeatability in manufacturing processes, resulting in higher quality products and reduced production time. This efficiency is particularly crucial in industries where large-scale pro...