Industrial Automation

  Analog cluster is a classic instrument panel that contains a physical dial and a needle for the speedometer.  Digital instrument clusters  are displays that are used to express the measuring quantity of devices such as speedometer, frequency meter, voltmeter, and others in a numeric format. These displays enable appliances and machines such as smartphones, laptops, digital cameras, inverters, and automotive vehicles to present a wide variety of information on a single digital platform. A significant rise in laptop and smartphones penetration is being witnessed, especially across the countries such as China, India, South Korea, Australia, and others, owing to the growing usage of internet and increasing gamer population. For instance, according to a report by the India Brand Equity Foundation, the smartphone shipments across India totaled 173 million in terms of unit in the year 2021, exhibiting more than 14% growth in comparison to 2020. A digital instrume...

 The global  electric fireplace market  is expected to be worth US$ 2.18 billion in 2021, with a 1.4 percent year-on-year growth. Between 2022 and 2032, the market is expected to grow at a CAGR of 3.7 percent, from USD 2.21 billion in 2022 to USD 3.2 billion in 2032. In 2020, the global market grew by 2%, compared to the 2% average year-on-year growth from 2017 to 2019. An electric fireplace is a heating device that is used in both residential and commercial buildings to heat a room or workplace during the winter. Electric fireplaces are becoming more popular because of their lower energy consumption and higher efficiency output. This can be attributed to the region’s low product awareness as well as the pollution caused by traditional fireplaces. Furthermore, the market in the Middle East and Africa region is expected to have low growth potential and moderate growth in the future. Global Electric Fireplace Market: Market Participants The global market for elect...

  As per a  new market research report on the  electrical digital twin market  published by Future Market Insights, the  sales of electrical digital twin  will advance at a CAGR of 12 percent from US$ 0.9 billion in 2021 to US$ 3.13 billion in 2032. The increased acceptance of innovative technologies such as IoT and cloud for digital twin applications and attractive digital twin prospects in industries such as aerospace and defense, healthcare, and automotive and transportation are driving  demand for electrical digital twin. The digital twin is being used in various industries, including automotive, construction, and manufacturing. In addition, firms in these industry verticals are continually leveraging digital twin systems and technologies to evaluate the performance of physical assets and highlight where changes and enhancements are needed to achieve beneficial outcomes. This aspect is driving many businesses to embrace  digital twin sof...

 The  power device analyzer market  is projected to advance at a modest rate with a CAGR of 5% during the forecast period 2022–2032, as per the power device analyzer market report by Future Market Insights (FMI). The primary factor accelerating the  power device analyzers market growth  is the increasing adoption of high-performance and power-efficient devices for the consumer and healthcare sectors and investments in electric vehicles due to environmental concerns. Globally, there is a constant demand for energy savings across various industries. In addition, various government and international organizations work to raise awareness and promote energy conservation. Renewable energy is gaining traction around the world. As a result, various government policies and schemes are in place around the world to encourage the use of renewable energy resources, thereby shaping the  power device analyzer market future . To fulfil the Paris Agreement and reduc...

 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. The ongoing COVID-19 pandemic crisis has had a significant impact on the global economy. The supply chain networks and manufacturing activities have been completely shut down as a result. This has had a negative impact on the industrial air compressor market, resulting in a significant drop in growth. The industrial air compressor market, on the other hand, is expected to recover as economic activity resumes following the pandemic’s containment. Industrial air compressor manufacturers are concentrating on the development of digitally controlled systems, such as compression solutions with automation and digitalization. This, in turn, is expected to create positive growth prospects for industria...

 According to the report’s findings, the global  collaborative robots market  is expected to grow significantly over the forecast period due to multiple driving factors such as increasing automation in end-use industries, labour cost reductions coupled with high precision work, and high regional demand for collaborative robots. According to FMI, East Asia will dominate the global market, accounting for more than 64.2 percent of collaborative robot sales by 2022. Future Market Insights has released a new market research study on the collaborative robots market that includes a global industry analysis from 2014 to 2021 as well as an opportunity assessment from 2022 to 2029. The report investigates the collaborative robots market and provides critical insights for the 2022-2029 forecast period. Estimated to exhibit an impressive CAGR of ~26% during the period 2022-2029, the growing automotive and electronic & semiconductors industry, incessant technological advanceme...

 A new market research report by Future Market Insights on the  industrial robotics market  includes global industry analysis and opportunity assessment 2022–2028. The report investigates the industrial robotics market and provides critical insights for the forecast period of 2019-2029. As per the findings of the report, the global industrial robotics market is projected to indicate substantial growth over the forecast period due to multiple driving factors such as adoption of Internet of Things (IoT) in industries and growing digitalization of manufacturing industry across geographies. As per Future Market Insights (FMI),  sales in the global industrial robotics market are expected to total US$ 33.75 Bn by 2022, rising at a CAGR of 19.2% during the forecast period 2022-2028. Industrial robots are automated machines, gaining immense popularity across industries such as food & beverage, electronics, metal & machinery, and semi-conduct...