The Latin American Factory Automation and Industrial Controls Market is expected to register a CAGR of approximately 8.5% during the forecast period. The Covid-19 pandemic scenario has enabled automation to play a vital role across industrial production. Amid situations where industries are operating with limited workforce owing to layoffs, and job losses, deployment of automation is enabling businesses to sustain their production levels with minimum risk and exposure of workers to the COVID-19 pandemic.
The Latin America factory automation and industrial controls market is fragmented due to several players in the market. Players are involved in product development and strategic activities such as partnerships, mergers, and acquisitions. Some of the key developments in the market are:
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook