Industrial Control and Automation market : Overview: Size, Share, Current Trends And Future Aspect Analysis to 2027
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%. Industrial Control and Factory Automation Market Market Overview: The Industrial Control and Factory Automation Market is driven by the increasing need for manufacturers to streamline their operations, reduce production costs, enhance product quality, and respond to changing market demands swiftly. It encompasses several key segments, including: PLCs (Programmable Logic Controllers): PLCs are the backbone of factory automation, providing real-time control and monitoring of machinery and processes. SCADA (Supervisory Control and Data Acquisition): SCADA systems enable centralized monitoring, control, and data acquisition for large-scale industrial processes. HMI (Human-Machine Interface): HMIs pro...