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OverviewAPI
The global industrial automation market is poised to reach $368.05 billion by 2031, with a projected CAGR of 9.1% from 2024. Asia-Pacific leads the market, fueled by government support and energy-efficient system demand. Despite challenges like high CAPEX and workforce issues, sustainable solutions present growth opportunities. Semi-automatic systems are expected to lead in 2024, with the oil & gas sector currently dominating but automotive segment set for rapid growth.

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