Market Insight

Global industrial automation equipment market will have a revenue of USD 209.8 billion in 2018

July 23, 2018  | Subscribers Only

Nitin Sharma Nitin Sharma Analyst, Manufacturing Technology

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The global industrial automation equipment (IAE) market was estimated at USD 202.2 billion in 2017, and it is projected to grow by 3.8% in 2018 to USD 209.8 billion and by 4% in 2019 to USD 218.2 billion. In general, the machines are becoming more automated, this growth is specifically driven by rising industrial production, a strong global economy, growing machinery production, and capital expenditure.

Research by Market
Manufacturing Technology
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