The report, titled Industrial Controls & Factory Automation Market: Global Forecast & Analysis, says that the key companies involved in the industry’s growth include Siemens, ABB, Emerson Process Management,Rockwell Automation, Schneider Electric, Honeywell, Omron, and Yokogawa.
The largest markets are in the Americas and Europe, where applications in chemical, petrochemicals, pharmaceuticals, pulp and paper, automotive, mining, oil and gas, and power plants have driven the need for automation. However, an emphasis is being put on the Asia-Pacific region, as companies like Emerson and ABB are collaborating or merging with local companies due to the gap in the application industry and the automation tools available in the area, according to the report.
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