The market for process automation in Asia-Pacific is expected to reach USD 33.20 billion by the end of 2022, growing at a CAGR of 12.19% from the current estimates of USD 16.65 billion.
Automation has become an important part of modern manufacturing and industrial processes. It helps enterprises realize high-quality products at profitable prices and develop technologies to reduce operational constraints. Companies all over the world are automating their processes with the help of different technologies like SCADA, DCS, MES, and PLC. The demand for these technologies is escalating and many vendors are manufacturing solutions to help enterprises achieve efficiency in their manufacturing process.
Some of the factors driving the market are:
The key restraint facing the market is the dependence of the economy on North America and Europe.
The report will be of assistance in providing a comprehensive analysis of the major trends, innovations, and associated prospects for market growth over the coming half a decade. The report will be an ideal source material for industry consultants, manufacturers, and other interested and allied parties to gain a critical insight into the factors driving and restraining the market, in addition to opportunities offered. The report contains a wide range of information about the leading market players and the major strategies adopted by them.
Some of the key players in the market are:
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