World Factory Automation & Industrial Controls Market

Date: 2016-08

Factory automation and industrial controls market provides process automation in industrial setup. The overall automation market is expected to reach $125 billion by 2018 at a CAGR of 7.3%. The global factory automation & industrial control market is expected to grow at a good rate. It is estimated that almost 35% to 50% of production cost is due to energy consumption and wastage in an industrial unit. Factory automation plays a significant role in reducing energy consumption and increasing operational efficiency, which are the key drivers for the market

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