Industrial Automation Market to Grow by USD 107.1 Billion (2024-2028), Driven by Changing Market Dynamics, AI-Powered Report Highlights Market Transformation – Technavio | PR Newswire [Video]

NEW YORK, Nov. 13, 2024 /PRNewswire/ — Report with the AI impact on market trends – The global industrial automation market size is estimated to grow by USD 107.1 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 9.45% during the forecast period. Changing market dynamics is driving market growth, with a trend towards increasing need for open platform architecture for automation software. However, technical challenges poses a challenge.Key market players include ABB Ltd., Azbil Corp., Danfoss AS, Dassault Systemes SE, Emerson Electric Co., Endress Hauser Group Services AG, FANUC Corp., Fuji Electric Co. Ltd., General Electric Co., Hitachi Ltd., Honeywell International Inc., KROHNE Messtechnik GmbH, OmniVision Technologies Inc., OMRON Corp., Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, WIKA Alexander Wiegand SE and Co. KG, and Yokogawa Electric Corp..

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