Machine Automation Controller Market expected size Witness a Sustainable Growth over 2026 Machine Automation Controller Market expected size Witness a Sustainable Growth over 2026
BriefingWire.com, 4/12/2021 - ccording to Stratistics MRC, the Global 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.