Low penetration is projected to accelerate significant growth during the forecast period, as long as the government provides significant support to the manufacturers. These figures are encouraging for manufacturers since they show that there is still a lot of room for adoption to grow. As the functionality of equipment such as that of robots increases, non-automotive industries are projected to accelerate their usage of industrial automation. As a result, they tend to focus on their core capabilities. They are also facing significant hurdles in maintaining a perfect balance between product demand and supply. Moreover, on the basis of cost, quality, service, and time-to-market, various product manufacturers are facing severe rivalry from their competitors.
The manufacturing industries are projected to adopt advanced technology to continue with their streak of expansion and productivity improvement. The robust PMI in the region indicates strong rebound in the manufacturing sector, significant progress in the emerging industrial sector in Mexico, and rising prices of commodities in different countries. The purchasing managers index (PMI) of the North American manufacturing reached 62.1 in June 2021. The manufacturing sector in North America has witnessed rapid growth in recent times due to huge investments gathered from the governments of the US, Canada, and Mexico. Schneider Electric SE Siemens AG Toshiba Corporation and Yokogawa Electric Corporation. General Electric Company Honeywell International Inc. Some Of the Major Players Influencing are A few major players operating in the global distributed control systems market are ABB Ltd.
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