The global automation equipment market is expected to reach 310 billion US dollars in 2028

According to the latest market research report, the global automation equipment industry is expected to reach a market value of $310 billion by 2028. This growth is primarily attributable to the increasing demand in the manufacturing industry to reduce production costs and improve production efficiency and quality. In addition, the concept of Industry 4.0 and the widespread application of Internet of Things (IoT) technology also provide strong support for the growth of the automation equipment market. According to the report, the application of automation equipment in industries such as automobile manufacturing, semiconductor manufacturing, food and beverage, and pharmaceuticals will continue to drive market growth.