According to a new report from IHS Technology, the global industrial automation equipment market is poised for stronger growth in 2014, aided by strengthening economies as well as technological innovations that will boost demand.
After increases of only 1.2 and 3.4 percent in 2012 and 2013, respectively, worldwide revenue in 2014 for the industrial automation equipment market is projected to reach $185.3 billion, up 7 percent from $173.0 billion in 2013.