As manufacturing plants and OEM machine builders continue to invest in automation, the worldwide market for discrete automation systems should grow 6.8% annually over the next five years.
The market, which was nearly $17 billion in 2006, should reach $23 billion by 2011, according to a new study by ARC Advisory Group, Dedham, Mass.
As India and China move toward manufacturing highervalued goods, ARC sees more foreign domestic machine builders establishing production in Asia. Industries such as automotive, electronic, semiconductor, plastics, and rubber are primary users of discrete automation.
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