Industrial Automation Market Scenario , Leading Players , Segments Analysis and Growth Drivers to 2022
Market Overview
In this rapidly changing environment , companies are expanding their scale of operations by increasing investments . In industrial automation innovation is very beneficial . Industrial automation has become worldwide . Different countries are exploring ways for industrial automation . Robotics in industrial automation has established a trend in industrial automation .
Internet of things ( IOT ) is considered as a major component with respect to industrial automation therefore industries adopting Internet of Things which has increased the demand for industrial automation . There was a recent report from the United Nation about the industrial automation which stated that there are high chances that industrial automation would disrupt the labor market . This has become a threat for industrial automation .
Industrial Automation Market is growing rapidly over 6 % of CAGR and is expected to reach at USD 149 billion by the end of forecast period . Cost reduction , high efficiency in the process and ability to provide the overall information and initiate early stage development for the products are the major driving factors of this market .
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Competitive Analysis-
Major Key Players in Industrial Automation Market are
� Siemens AG ( Germany ), � ABB Ltd . ( Switzerland ), � Emerson Electric Company ( U . S .), � General Electric Company ( U . S .),
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