Industrial Control and Factory Automation Market expecting great valued $269.5 billion by 2024

"Industrial Control and Factory Automation Market by Solution (SCADA, PLC, DCS, MES, PLM, PAM, Functional Safety), Component (Industrial Robots, Industrial 3D Printing, Control Valves, Machine Vision, HMI), Industry and Geography - Global Forecast to 2024", The industrial control and factory automation market is likely to reach USD 269.5 billion by 2024 from USD 160.0 billion in 2018, at a CAGR of 9.08%. The growth of this market can be attributed to the increasing use of enabling technologies in manufacturing, rising adoption of industrial robots in manufacturing sector, connected supply chain along with mass production to cater rising population, government initiatives towards, the adoption of industrial automation in various industries.

Get Ready: MCAA Industry Forum : Action Today - Success Tomorrow

TUCSON--The Measurement, Control & Automation Association (MCAA), representing leading manufacturers and distributors of instrumentation, systems and software used in industrial process control and factory automation around the world, opened the MCAA Industry Forum in Tucson, Arizona celebrating its 75-year history. know more

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·         Articulated robots dominate the industrial robot market

·         Process automation and control in industrial manufacturing plant drives the growth for DCS

·         Process industries to lead the industrial control and factory automation market from 2018 to 2024

·         APAC to be the largest market for industry control and factory automation during the forecast period

Major players operating in the industrial control and factory automation market Emerson (US), ABB (Switzerland), Siemens (Germany), General Electric (US), Schneider (France), Endress+Hauser (Switzerland), Yokogawa (Japan), Honeywell (US), WIKA (Germany), Azbil (Japan), Fuji Electric (Japan), 3D Systems (US), HP (US), FANUC (Japan), STRATASYS (US), Progea (Italy), Hitachi (Japan), Vega (Germany), Danfoss (Denmark), Tegan Innovations (Ireland), Krohne (Germany), Rockwell (US), Chaos Prime (US) and Dwyer (US), among many others.

Browse 85 market data Tables and 48 Figures spread through 222 Pages and in-depth TOC on "Industrial Control and Factory Automation Market - Global Forecast to 2024" know more in sample pages of Report :- https://www.marketsandmarkets.com/requestsampleNew.asp?id=541

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