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Market for IAE expected to show strong growth

The market for industrial automation equipment is expected to show strong growth in 2014, with global revenue reaching $185.3 billion.

So says a recent report from information and analytics source IHS Technology.

The $185.3 billion represents a 7% increase over the $173 billion racked up in 2013. This year marks the return of more vigorous activity after the industry managed only middling revenue increases of 1.2% in 2012 and 3.4% in 2013. Prior to those two years, expansion had been in the double digits in a heartening show of force after the recession. Healthy expansion is set to continue after this year, says IHS, with industry revenue forecast to hit $225 billion by 2017.

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