Automation and Control industry 2020: Business Overview on Global Level by Growth Factors, Size and Forecast to 2027
Market Highlights Global Automation and Control Industry spans across North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. The growing demand for automation and control in the robotics industry with developments in AI and the adoption of industry 4.0 across various industries are factors that are expected to drive the growth of the automation and control market during the forecast period. However, rapidly changing technological trends in the manufacturing industry are expected to hinder the market growth during the forecast period. The geographic analysis of the Automation and Control industry has been done for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. Europe dominated the global automation and control market with a value of USD 41,242.5 million in 2019; it is estimated to grow at a CAGR of 8.81% during the forecast period. However, the Asia-Pacific region is estimated to witness the fa...