Industry Controls and Factory Automation Market

Market Analysis  The industrial automation market will grow at a healthy CAGR between the forecast period 2017- 2023, states the recent Market Research Future (MRFR) analysis. Industrial controls and factory automation system includes process control systems, networks and other forms of automation components which control physical assets as well as many processes. Industrial automation has wide applications in the process industry and discrete industry. Various factors are propelling the industry controls factory automation market growth. According to the recent MRFR report, such factors include growing adoption in the manufacturing sector, increasing government initiatives, adoption in different industries, increasing use in connected enterprise, mass production to suffice the rising population, focus on industrial automation and optimum utilization of resources, growing population, and the initiatives by the government for the usage of industrial automation in different industries. 

  Market Analysis  The industrial automation market will grow at a healthy CAGR between the forecast period 2017- 2023, states the recent Market Research Future (MRFR) analysis. Industrial controls and factory automation system includes process control systems, networks and other forms of automation components which control physical assets as well as many processes. Industrial automation has wide applications in the process industry and discrete industry. Various factors are propelling the industry controls factory automation market growth. According to the recent MRFR report, such factors include growing adoption in the manufacturing sector, increasing government initiatives, adoption in different industries, increasing use in connected enterprise, mass production to suffice the rising population, focus on industrial automation and optimum utilization of resources, growing population, and the initiatives by the government for the usage of industrial automation in different industries.