Machine Automation Controller Market Detailed Insights on Upcoming Trends 2019-2026 - ACS India, Advantech
Machine Automation Controller Market is accounted for $29.19 billion in 2017 and is expected to reach $47.10 billion by 2026 growing at a CAGR of 4.9% during the forecast period. The increasing focus on reducing the overall operational costs, the need to drive productivity in manufacturing industries, and the growing use of robots & robotics in the manufacturing sector is some of the factors fuelling the market growth. However, high initial capital investment for SMEs and difficulty in finding system failure results in increasing the downtime, which in turn is expected to restrain the growth of the market.Some of the key players profiled in the machine automation controller market include:
ACS India, Advantech, Beckhoff Automation, Delta Electronics , Emerson, Hollysys Automation, Honeywell, Kollmorgen, Kontron, Mitsubishi Electric, Omron, Robert Bosch, Rockwell Automation, Schneider Electric and Siemens.
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