A recent article from Automation.com reviewed a report by Interact Analysis with forecasts for the global industrial automation market.
The article notes that “global economic volatility and supply chain disruptions” due to Covid have caused “project delays and decreased spending on automation projects.” Yet Interact Analysis predicts an average growth rate of 5 – 7% through 2027.
So why do these projections depict growth in the face of the shorter-term headwinds?
Automation.com highlights two overarching reasons for growth:
- High global demand for electric vehicle (EV) manufacturing and energy-related applications
- More companies investing in industrial automation as way to supplement labor shortages
At Wes-Tech, we continually search for ways to source more of our parts from local suppliers, and all of our engineering, design, and building take place in the United States. To learn about the advantages of investing in automation, contact us today for a free consultation.
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