Industrial Automation

 As Per The Latest Study By Future Market Insights (FMI), The Global  Smart Water Grid Market  Is Likely To Witness Robust Growth During The Forecast Period. Registering 18.8% CAGR, The Market Is Projected To Reach US$ 52,212.3 Million In Revenue By The End Of 2026. Demand prediction, real-time sensing, quality monitoring, ease of detecting leaks and bursts, supporting planning and operations, and assisting in reducing water loss are some of the advanced features in smart water grid that are expected to drive the market. Water utilities are optimising operations by deploying advanced analytical software, automation, control, design, and other services in order to reduce their carbon footprint and save money. The growing emphasis on integrating smart water grid with information and communication technologies is resulting in remote maintenance, monitoring, and tracking. Increasing emphasis on improving water management and supply, developing accurate billing methods, and reconstruc

 The report analyzes the  medium voltage transformer  market and provides critical insights for the forecast period of 2022-2028. The global medium voltage transformer market stands at a net worth of US$ 11.7 Bn in 2022, and is predicted to rise at a CAGR of 4.6% over the forecast period (2022-2028) to attain a valuation of US$ 16.1 Bn by 2028. According to the report’s key findings, the global medium voltage transformer market is expected to grow significantly in the coming years, owing to the steady increase in smart grid adoption, increasing urbanisation, rapid growth in power generation, and increasing government investments in electrification. Future Market Insights has published a new market research report on the medium voltage transformer market that contains global industry analysis during and opportunity assessment during 2022–2028. The report covers the latest trends, key success factors, market influencing factors, key information, forecasting factors, macroeconomics fa

 Palletizing robots are a kind of equipment that help in the automatic compiling of various kinds of products on a pallet. The global  palletizing robots market  is slated to touch a value of about US$ 1,500 Mn in the year 2022 and display a robust CAGR during the assessment period. Pallet wrapping functions are an important part of the packaging line workflow before the product is transported and distributed to different locations. Because of advancements in the field of robotics, more advanced forms of palletizing robots have emerged, capable of lifting heavy weights and even products from greater heights due to their long arms. In addition, hybrid palletizing robots with a simple user interface and easy operation have been developed, in addition to being cost effective and efficient to use. Such hybrid palletizing robots are capable of performing complex tasks such as handling delicate products. Palletizing robots that can operate at high speeds and deliver high quality are beco

 Because of rising consumer electronics demand, rising electromagnetic pollution, and ongoing field trials and pilot testing to prove the viability of 5G technology, the market for  EMC shielding and test equipment  is booming. According to Future Market Insights (FMI), the EMC shielding and test equipment market will be worth US$ 11 billion in 2032, up from US$ 6.7 billion in 2021. It is expected to grow at a 4.5 percent CAGR over the forecast period. Because of the increased use of consumer communication devices, frequency wave interferences, also known as electromagnetic pollution, have increased all over the world. In highly sensitive workplaces, EMC shielding applications are used to eliminate such unwanted disruptions over devices connected to broadband networks. The high cost of electromagnetic interferences is also one of the major reasons for the current increase in the use of various EMC shielding types. EMC testing equipment has emerged as an affordable option in the cur

 Increasing refrigerated display cases sales are set to enable the market’s valuation to reach US$ 9.5 Bn in 2021. Future Market Insights (FMI) in a study has predicted stable long-term growth for the market. The report offers analysis in 20+ high-growth markets, providing detailed insights on  Refrigerated Display Cases Market  growth will evolve in the next decade. Refrigerated display cases mostly used in retail stores and food & refreshment industry, for example, general stores/hypermarkets, supermarkets, eateries and hotels and non-routine outlets. RDCs help to attract customers through an attractive visual display of food and drink products. With the sector undergoing a recovery mode, the immediate as well as long-term growth outlook of refrigerated display cases the market remains positive. According to the report, the retail food and beverages sector will continue accounting for over 70% of sales of refrigerated display cases through the forecast period. Introduction

 The global  barcode scanner market  is expected to expand at a healthy rate between 2021 and 2031, compared to a 5% CAGR between 2016 and 2020. The market is expected to expand at a rapid pace due to strong demand from retail, e-commerce and logistics, and manufacturing facilities. According to Future Market Insights’ (FMI) latest report, “The Barcode Scanner Market: Global Industry Analysis and Opportunity Assessment, 2021-2031,” the use of barcode technology in the retail sector is rapidly increasing. as well as production Bar code scanners have evolved into one of the most effective methods for recording product information with minimal manual effort. In contrast to the 5% CAGR recorded from 2016 to 2020, the global market for barcode scanners is expected to grow at a healthy rate between 2021 and 2031. The market is expected to be checked and increased strongly at the lower back. Demand from retail, e-commerce, logistics, and manufacturing centres is expected to be checked and

 The global  precision gearbox machinery  system industry is poised to increase at a steady CAGR of 5.8%, reaching US$ 8.95 Bn by 2032 from US$ 5 Bn in 2021. Technological advancements in the manufacturing sector to improve energy efficiency, accuracy, and reliability in operations is likely to fuel the industry growth. With the Industry 4.0, many companies are focusing on automating the assembly line with the help of robotics. These robots use precision gearboxes for accurate picking and placing of the objects with high torque & low noise features. The market players offer precision gearboxes that enable maintenance-free construction, high load capacity, and compact design robots. Future Market Insights upcoming report on global Precision Gearbox Machinery market uncovers hidden opportunities and potential threats. The report gives an incisive coverage on the Precision Gearbox Machinery market through a detailed segmentation on its key growth drivers, opportunities, restraints

 As per the  plain bearing market  report by FMI, the global market is expected to be worth US$ 10 billion in 2021 and US$ 17 billion by 2032, growing at a modest CAGR of 5% over the forecast period. The rise of plain bearing applications is propelling the market forward. In addition, increased infrastructure spending, emerging technological projects, and heavy machinery development in China, India, the United States, Germany, and Brazil have further bolstered plain bearing market growth. Potential uses in the oilfield, construction, automotive, aerospace, industrial, and energy industries drive the plain bearing market size. The industry’s expansion was driven by aspects such as high quality and durability and low-cost production. The global market study on plain bearing indicates that a rise in counterfeit goods might stifle market growth. The market’s growth pace would also be hampered by shifting input costs. Steel, tin-based alloys, chrome steel, and engineering plastics are

 As per a recent report published by FMI, the  DC switchgear market  is expected to record an average  CAGR of 6%  during the forecast period. The region’s dominance in the global market is due to the implementation of innovative grid programs by several governments in this region and enormous investments for modernizing electricity transmission and distribution networks. Over the forecast period, DC switchgear statistics lead towards the Asia Pacific as its market size is expected to rise significantly. The DC switchgear market in the Asia Pacific is now growing at the fastest rate, owing to many causes, including increased peak load demand, the expansion of micro-grid networks, and worries about grid stability and security of supply. The DC switchgear industry growth is likely to be boosted by the shifting preference towards energy-efficient distribution networks, as well as increased concerns about transmission network stability, security, and reliability. Growing investments in

 Future Market Insights (FMI) expects the  europe water pumps market  to expand at over 3.6 % CAGR through 2031. Between 2016 and 2020, the Europe water pumps market expanded at a CAGR of over 0.5%. Many of the significant advances in pump technology have their origins in long-established European enterprises, which have been aided by a variety of specialist technical groups as well as government funding. Pump production is one of the few industrial sectors in which Europe continues to perform at least on pace with, if not better than, its worldwide competitors. It has enjoyed a strong positive trade balance with other major alliances in Asia and the Americas for many years, and it continues to do so. The water pumps sector in Europe is confronted by a number of opportunities such as need to reduce the energy consumption in number of European countries, keep at par with the customer requirements and maintaining the position with respect to global vendors and expanding presence from

 During the prediction era, Future Market Insights adopted a multidisciplinary approach to shed light on the success and progress of the  Wear Plates Market . The study poses a profound plunge into the current growth dynamics and their major revenues of 2019, with key prospects over the forecast period 2020 to 2030. The analysts at Future Market Insights have leveraged extensive rounds of critical and detailed secondary research to arrive at different Wear Plates Market forecasts and predictions, both national and international levels. They have utilized various industry-wide unmistakable business merge estimations, figures, and market information into income assessments and projections in the Wear Plates Market. Impact of COVID-19 on Industrial Automation Market COVID-19 pandemic has caused a severe impact on the global economy at various levels and the impact is seen on the Industrial automation market as well. This thriving sector is expected to offset a sharp decline in sales

 Which holds an outstanding share of the general market value, closely followed by the chemical and petrochemical industries. The global demand for  condition monitoring services  is projected to surpass the valuation of  US$ 6.79 Bn by 2031  end. As recommended by a replacement Future Market Insights (FMI) report, substantial growth within the condition monitoring service market is principally backed by the expansion of the facility generation industry. The automotive, logistics, and petrochemicals industries, in particular, are well within the radar of the potential impact of the virus.  Several business executives have halted their manufacturing operations, given the large-scale lockdowns in the majority of countries. Increasing urbanization and rapid industrialization are creating massive opportunities for key market players in the automotive & transportation industry, thereby bolstering the adoption of condition monitoring services in the global market. On the flip side, t

  According to a recent market analysis conducted by ESOMAR-certified consulting firm Future Market Insights (FMI), the global  ultra-short base line positioning system market  is expected to reach US$ 127.7 Mn in 2021. Expansion of commercial trade via maritime operations, as well as increased interest in recreational travel, are key trends driving sales of ultra-short base line positioning systems. As a result of this, the market is expected to expand at a steady 5.8% CAGR from 2021 to 2031. Increasing demand from researchers, surveyors, photographers, and the Navy in various countries will keep driving ultra-short base line positioning system sales. Efforts to improve underwater communication are also encouraging companies to develop wireless data transmission systems. Integration of connective technologies such as the Internet of Things (IoT) and artificial intelligence to streamline marine communication will boost sales even further through 2031. Furthermore, improvements

  In a new market study, Future Market Insights (FMI) opines global  Domestic Booster Pumps Market  to surpass US$ 4.63 Bn by 2030, growing at a 7.1% CAGR through 2030. The document attributes the boom of the marketplace to rising recognition among consumers concerning the provision of strength-green technologies. Furthermore, the growth of the e-commerce enterprise is widening the sales channel for domestic booster pumps. Having studied the effect of the COVID-19 pandemic, the report opines that the call for residential pumps is predicted to enjoy a downtrend for the duration of the pandemic, as the focus of both producers and purchasers shifts in the direction of vital and emergency utilities. Speedy urbanization in rising economies and the consequential increase in the variety of residences are also propelling demand for booster pumps designed for domestic and residential purposes. Key Takeaways ·          The 50-150 W segment will capture nearly 1/3rd of global value as pum

  Loader buckets have been used as an attachment in material handling equipment to load the debris of solid materials from the generated site towards other places or loading in the transporting vehicles. The  loader bucket market  will reach US$ 3 Bn in 2022 and see a promising CAGR over the forecast period (2022 – 2029). The market’s growth would be directly dependent on the mining and construction industries, which are expected to grow at a rate of 3 – 4 percent, respectively. Nonetheless, the market is expected to see a significant increase in demand from the waste recycling and management sector. Loader buckets are increasingly being used in these industries, with demand being driven by off-road heavy vehicles used in waste management and recycling, construction, and mining. Loader Bucket Market Key Takeaways ·          With healthy investments and implementation of construction projects undertaken by public and private sectors, global material handling equipment fleet and su

  Total sales in the global  variable air volume system market  are expected to exceed US$ 12 billion in 2022. Rising adoption of these systems in commercial and residential buildings is expected to drive demand at a 7% CAGR, with the market exceeding $15.5 billion by 2032. Rising disposable income, sustainability concerns, increased infrastructure investments, and energy efficiency legislation are some of the key factors driving the variable air volume system market’s growth. Constant air volume (abbreviated as CAV) systems are those that provide constant airflow at varying temperatures. VAV systems, as opposed to CAV systems, vary the airflow while maintaining a constant temperature. VAV systems have several advantages over constant-volume systems, including more precise temperature control, lower energy consumption by system fans, less compressor wear, less fan noise, and increased dehumidification. In 1970s, when the energy prices began to rise Variable Air Volume System (abb