Industrial Control and Factory Automation Market Growth Forecast...

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2025-10-17 06:24:45 -

Industrial Control and Factory Automation Market Growth Forecast 2024–2031: Strategic Developments

Global Industrial Control & Factory Automation Market size was recorded at USD 223.42 billion in 2023, which is estimated to be valued at USD 247.77 billion in 2024 and reach USD 481.96 billion by 2031, growing at a CAGR of 10% during the forecast period. Market growth drivers Automation adoption is being driven by both long-term structural forces and immediate operational needs: Labor...

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