Industrial Control and Factory Automation Market: Demand for Increased Productivity and Safety Fuels Global Growth
A new market analysis highlights the robust expansion of the global industrial control and factory automation market. Valued at USD 223.42 billion in 2023 and estimated to be valued at USD 247.77 billion in 2024, the market is projected to nearly double to USD 481.96 billion by 2031, exhibiting a strong Compound Annual Growth Rate (CAGR) of 10% d