Modular Automation Market Dynamics: Key Drivers, Restraints, and Trends
The Modular Automation Market is projected to grow from USD 4.8 billion in 2024 to USD 7.0 billion by 2029, at a CAGR of 7.9% from 2024 to 2029 according to a new report by MarketsandMarkets™. The market's growth is propelled by increasing demand for flexible manufacturing processes, cost efficiency, and the ability to quickly adapt to changing production needs. Technological advances and the push for Industry 4.0 integration are also driving adoption.
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