Industrial Automation

  The rising demand for ready-to-cook food items in India backed by the onset of the COVID-19 pandemic is set to propel the sales of positive displacement rotary compressors in the upcoming years as the need for unique refrigerators will surge. South Asia   commercial RAC PD compressor industry  is likely to hold around   13.5%   of the share in 2022, estimates FMI. The ongoing development of tropicalized rotary technology by leading manufacturers to revamp their compressors as per tropical settings is likely to drive the U.S. market. North America commercial RAC PD compressor market is projected to account for about  29.8%  of the share in 2022, predicts FMI. Future Market Insights has released a new market research report on the commercial RAC PD compressor market, which includes a global industry analysis from 2013 to 2021 as well as an opportunity assessment from 2022 to 2028. The global commercial RAC PD compressor market is expected to reach US$ 5.1 billion in 2022, growing at a

  The   bandsaw machines market   is set for an unwavering growth through 2029, primarily driven by growing focus on effective cutting technologies that promise high functionality for varying applications. Regionally, East Asia is expected to command the lion’s share in the global market. As per FMI, over   37%   of bandsaw machine sales are expected to concentrate in East Asia through 2022. According to a recent research study released by Future Market Insights, sales of bandsaw machines worldwide are predicted to reach 200 thousand units in 2022, with an estimated increase of 3.9% year over year (FMI). The market for bandsaw machines is anticipated to grow by more than 3.9% CAGR between 2022 and 2029 and surpass US$ 2.80 billion. Sales will be fueled by rising demand for metal-cutting bandsaw machines in the mining, construction, and automotive industries. Industrial technologies are currently experiencing a seismic shift from the conventional technologies to bandsaw machines. The pr

  Future Market Insights, in its new study, reveals that the global   colorimeter market size   is estimated to be valued at ~US$ 797.3 Mn in 2022, and expand at a CAGR of ~7.5% during the forecast period of 2022–2029. Gains remain primarily fuelled by the increasing usage of colorimeters in rapidly expanding end-use sectors such as food & beverages, pharmaceuticals, paints & textiles, chemical, and water utilities. Colorimeters are used to detect colour and calculate solution concentration. Colorimeter demand is rising because of expanding water utilities and food & beverage industries which are majorly contributing to the market growth. Colorimeters are in demand for the study of materials, such as consumer electronics, vehicles, food items, and plastics in which colours are among the crucial parameters. In addition, the need for conducting constant environmental analysis, which includes water quality and analysis of soil components, has been on the rise, as factors such

  With an estimated CAGR of 3% during the projected period, the   district cooling market  share   is expected to reach US$ 1.28 billion by 2032, finds a recent report published by FMI. The study finds that the rising demand for energy-efficient cooling technology proportionately reflects on the   adoption of district cooling. The adoption of  district cooling systems  around the world has stemmed from rapidly rising temperatures and the proven viability of  district cooling plants  over time. However, the study finds that the  district cooling market in Asia Pacific  has shown an impressive growth. With an increasing awareness of the need for energy conservation, a District Cooling Plant concept has acquired even more traction. The  sales of district cooling  are likely to rise as the need for energy-efficient technologies rises to meet the ongoing construction boom. Continued deployment of viable and sustainable cooling systems to accomplish energy-saving targets and increased produc

  Global   Cable Accessories   demand is anticipated to be valued at US$ 50,960.0 Million in 2022, forecast to grow at a CAGR of 6.1% to be valued at US$ 92,443.0 Million from 2022 to 2032. Growth is attributed to the growing use of polymeric insulation cable across the globe. Cable accessories are intended to connect cables, insulate conductors from direct contact with the earth, and protect cables from degradation and erosion caused by environmental stress, ultraviolet light, and other medium. The cable accessories also give the cable strength, allowing it to withstand environmental extremes and provide dependable service over a long operating life in both underground and overhead installations. Cable accessories are an essential component of any cable installation and distribution network. These accessories are used to connect two cables, even if the insulation materials are different. Previously, paper insulated cable was used for low and medium voltage cable, but now completely po

  According to the   industrial automation market   analysis by Future Market Insights (FMI), the market is poised to attain a CAGR of 7% during the forecast period 2022–2032. Rising demand for real-time data analysis across geographies, as well as increased adoption of cutting-edge technology across end-use industries to improve performance, are driving the growth of the industrial automation market. Saudi Arabia’s industrial automation market is one of the largest in the Middle East has remained reasonably stable, with a number of firms reporting excellent results. Furthermore, by implementing new technologies in industrial automation like automated material handling, they have been actively creating strategies and taking actions to boost domestic manufacturing in the country and minimize economic dependence on the oil and gas industry. The importance of predictive maintenance and asset management solutions, which provide users with better visibility into the condition of their equip

  Over the forecast period, the global   biocomposites market   is predicted to increase at an exponential rate of 16%. Valued at US$ 25 Bn in 2021, the biocomposites market is anticipated to reach US$ 128 Bn by 2032. During the projected period, this would increase the usage of biocomposite products in the transportation end-use industry. These laws are projected to boost demand for biocomposite products in the transportation, building and construction, electrical and electronics, and other end-use industries. The increased research and development efforts for composite materials and biocomposite uses and benefits such as recyclability, lightweight, and cost-effectiveness are driving this trend. In addition, due to the harmful nature of synthetic materials, recycling challenges, and toxic residues, the biocomposites market size will continue to expand throughout the predicted timetable. As per the biocomposites market report, Germany, the United States, and Japan are among the develop

  Increased investments in mechanical equipment will pave the way for the   industrial air compressor market   to expand in the coming years. According to a Future Market Insights (FMI) analysis, the industrial air compressor market is expected to be worth US$ 26.7 billion in 2021. Manufacturers of industrial air compressors are focusing on the development of digitally controlled systems, such as compression solutions with automation and digitalization. This, in turn, is expected to lead to increased demand for industrial air compressors. Moreover, rising demand from the oil and gas sector will remain a key growth driver. During the forecast period, the oil and gas, automotive, and transportation industries will account for the majority of market sales, according to the report. As these industries expand, attractive opportunities for growth will emerge in the near future. Key Takeaways from the Industrial Air Compressor Market Study Industrial air compressor market will register a CAGR