The Latin American market for factory automation and industrial controls is projected to reach USD 25.41 billion by 2021, growing at a CAGR of 7.51% over the forecast period. The Latin American region continued its evolution into an established automotive manufacture and sales hub. This has been supported by government incentives and free-trade agreements.

Lower costs, compared to the US and Europe, attracted both local and international manufacturers towards Latin American countries. Mexico is the fastest-growing market for the industrial sector and the dependent factory automation market within Latin America. Years of economic and political turmoil have led to slow growth in Argentina. Brazil, with its stable inflation rates and growing GDP, has emerged as a market leader in the die-casting market.

Further, the growing food industry with increased demand for processed food in Brazil and Mexico are some of the major factors driving the industrial sector and the dependent factory automation market in the region.

The report analyses the strategies and developments employed by the major players in the market like ABB, General Electric, Siemens, etc. and offers a comprehensive overview of the market.

Key Deliverables in the Study

• Market analysis for the Latin America factory automation and industrial controls market, with region-specific assessments and competition analysis on a global and regional scale.
• Market definition, along with the identification of key drivers and restraints.
• Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
• Extensively researched competitive landscape section with profiles of major companies, along with their market share.
• Identification and analysis of the macro and micro factors that affect the Latin America factory automation and industrial controls market on both, global and regional, scales.
• A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
• A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
• Insights on the major countries/regions where this industry is growing and identify the regions that are still untapped.