Industrial Automation Is A Large Market That Will Continue To Grow

According to analysts from Fortune Business Insights, the industrial automation market will grow to $ 300 billion by 2026, showing a compound annual growth rate of about 8.5%.

Industrial automation includes many elements such as programmable controllers (PLCs), security systems, SCADA systems, drive technology, CNC, instrumentation, MES systems, and related software products. Related areas are also pumps and motors, robotics, material handling systems, supply chain management software, building automation systems, and low voltage switchgear.

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