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Automation Solutions Market - Forecast(2021 - 2026)

The manufacturing industry is poised to play a crucial role in 2030 sustainable development goals (SDGs) of the United Nations (UN), and the industry will observe the incorporation of new manufacturing units and production plants. However, according to the United Nations Industrial Development Organization (UNIDO), the share of manufacturing employment in the industrialized economies has been decreasing from around 22% in 1991 to under 13% in 2016, and the employment rate is projected to decrease even further in the future.[1] This tectonic shift in the industrial sector is largely attributable to the digital control system (DCS) that has penetrated into the manufacturing plants worldwide. Similar changes have been observed in sectors that are leveraging automation, which is influencing the automation solutions market that was valued to be $160.29 billion as of 2018. Furthermore, the demand for automation solutions in the various sector is estimated to escalate with a healthy compound...