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Industrial Factory Automation Market is expected to reach $25.87 Billion by 2023

Americas will dominate the Industrial and Factory Automation Market during the forecast period. It is expected to generate $9.82 Billion by 2023 at a CAGR of 7% by 2023. The reason for this growth can be attributed to established industries, with the adoption of automation from small enterprises to large enterprises. U.S., Canada, and Mexico are employing automated systems in their industries. Foreign investments in Americas have also increased, which has driven the replacement of industrial facilities with advanced technologies in the US.

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Industrial Factory Automation Market is expected to reach $25.87 Billion by 2023

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  1. Industrial Factory Automation Market is expected to reach $25.87B

  2. Americas will dominate the Industrial and Factory Automation Market during the forecast period. It is expected to generate $9.82 Billion by 2023 at a CAGR of 7% by 2023. The reason for this growth can be attributed to established industries, with the adoption of automation from small enterprises to large enterprises. U.S., Canada, and Mexico are employing automated systems in their industries. Foreign investments in Americas have also increased, which has driven the replacement of industrial facilities with advanced technologies in the US. Contact : sales@industryarc.com

  3. Selected Analysis done in the full Report: The energy segment in 2017 generated a revenue of $1.63 Billion. It is expected to reach $3.32 Billion by 2023 at a CAGR of 11.5%. Industrial and commercial developments in the growing economies are responsible for the growth of this segment. The energy sector consists of the gas industry, petroleum industry, coal industry, power industry, etc. It is a major end user for industrial and factory automation. The automation market has penetrated the energy sector in developed economies. The reasons for this penetration are the increase in labor wages and growing adoption of automation by companies to increase productivity and efficiency. Contact : sales@industryarc.com

  4. Excerpts on Market Growth Factors Mentioned in the Full Report: • Growth of the industrial machinery market will drive the demand for mechanical components needed for the industrial automation market. • The need for efficiency in the manufacturing of automobiles and increasing concerns over the production of safety components has driven the growth of factory automation systems. • Changing industrial reforms enhances the growth of the machinery industry, which propels the growth of the automation market. Contact : sales@industryarc.com

  5. Key Players of the Industrial and Factory Automation Market ABB GROUP EMERSON ELECTRIC CO SIEMENS AG KUKA AG and More Download Sample Report Contact : sales@industryarc.com

  6. You Can Customize the Report as Per Your Need. We have included Some Customization Options Company Profile Analyst Briefing Data Tables Key Contacts Contact : sales@industryarc.com

  7. About IndustryARC IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare. IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business. Contact : sales@industryarc.com

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