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[Market Research Report] Global Market for Machine Automation Controllers

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The global market for machine automation controllers is projected to grow from 35.65 billion USD in 2022 to 37.58 billion USD in 2023, with a CAGR of 5.4%. The Russia-Ukraine war has disrupted the potential for a global economic recovery from the COVID-19 pandemic, at least in the short term. The conflict between these two countries has led to economic sanctions on multiple nations, soaring commodity prices, and supply chain disruptions, causing inflation across goods and services and impacting many markets worldwide. The machine automation controller market is expected to grow to 45.68 billion USD by 2027, with a CAGR of 5.0%.

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