The global market for industrial control and automation was valued at about 195 billion U.S. dollars in 2020. At a compound annual growth rate of approximately nine percent, the market is projected to be sized at almost 340 billion U.S. dollars in 2026.
Market size of industrial control and factory automation from 2020 to 2026
(in billion U.S. dollars)
Figures have been rounded.
For the Statista estimate an exponential development of the values between 2020 and 2026 was assumed to estimate the annual values. The values for 2020 and 2026 were provided by the source.
* Forecast.
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Statista. (February 4, 2022). Market size of industrial control and factory automation from 2020 to 2026 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1201454/market-size-of-industrial-control-and-factory-automation/
Statista. "Market size of industrial control and factory automation from 2020 to 2026 (in billion U.S. dollars)." Chart. February 4, 2022. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1201454/market-size-of-industrial-control-and-factory-automation/
Statista. (2022). Market size of industrial control and factory automation from 2020 to 2026 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1201454/market-size-of-industrial-control-and-factory-automation/
Statista. "Market Size of Industrial Control and Factory Automation from 2020 to 2026 (in Billion U.S. Dollars)." Statista, Statista Inc., 4 Feb 2022, https://www.statista.com/statistics/1201454/market-size-of-industrial-control-and-factory-automation/
Statista, Market size of industrial control and factory automation from 2020 to 2026 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1201454/market-size-of-industrial-control-and-factory-automation/ (last visited December 21, 2024)
Market size of industrial control and factory automation from 2020 to 2026 (in billion U.S. dollars) [Graph], Statista, February 4, 2022. [Online]. Available: https://www.statista.com/statistics/1201454/market-size-of-industrial-control-and-factory-automation/
