Industrial Automation

  Global sales of   screw compressors   are set to be valued at over US$ 14.8 Bn in 2022, with demand increasing at a 3.5% CAGR over the assessment period. According to Future Market Insights, increasing use of screw compressors in the oil and gas, energy and transmission, and automotive and aerospace industries is the primary driver of the market. Oil-lubricated compressors are durable, dependable, and efficient, making them suitable for a wide range of manufacturing activities. Oil filters and dryers may remove any oil pollution from the end product, resulting in clean compressed air flow that is perfect for construction, waste management, quarrying, recycling, and a range of other applications. Manufacturers are adding new screw compressors to their product ranges. These air compressors are built to be exceptionally energy efficient; oil-injected screw compressors may reduce energy consumption by up to 50%. This effort increases the compressor’s efficiency by 15%, and ...

  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 ...

  According to the latest Future Market Insights (FMI) analysis, sales in the   gas insulated substation market   are expected to top US$ 12.5 Bn by 2021. Growth outlook remains positive as the market is assessed to register 5.7% CAGR between 2021 and 2031. FMI has identified General Electric, Hitachi Ltd., ABB, Infosys, SIEMENS AG, and Mitsubishi Electric Corporation as leading players in the gas insulated substation market. The top ten market players are expected to account for nearly half of demand registered through the forecast period. Driven by increase focus on research and development and investment in power generation sector, the gas insulated substation market will rise at  5.7% CAGR  between 2021 and 2031 in comparison above 3.8% CAGR registered during 2016–2020. Over the forecast period, the growing demand for small, low-maintenance power systems is expected to drive the market. In comparison to air-insulated substations, gas insulated ones have high...

  As per a recent market survey by Future Market Insights, sales in the global   shot blasting machine market   are expected to increase at a healthy   5% CAGR , reaching a valuation of   US$ 1.8 Bn   in 2031. Shot blasting machines play a vital role in the metal industry. With increasing demand from industries such as aerospace and automotive, sales will rise across the globe over the forecast period. Growing demand for shot blasting equipment from the construction and automotive sectors is expected to drive the demand for semi-automatic shot blasting machine in the forthcoming years. Further, manufacturers are offering customized shot blasting machines to improve sales in the market. They are focusing on innovative technologies and techniques to improve the performance of these machines. This is expected to augment the. Growth of the market in the forthcoming years. As per FMI, sales in China and India are expected to increase at a considerable pace owing...

 Demand for heavy duty heat pumps was moderate in 2020 due to COVID scenario. However, considering the possibility of a stimulus in many countries, the long-term outlook on the market remains positive. The report estimates the global  heavy duty heat pump market  to grow at nearly 2.9% during 2021-2031. The report offers analysis in 20+ high-growth markets, providing detailed insights on how the heavy duty heat pump market will evolve in the next decade. The demand for heavy-duty heat pumps is investigated in this study. COVID-19 impact, macroeconomic factors, market trends, and market background have all been investigated in the global heavy duty heat pump market. The market has been examined based on numerous segments, consumer interests, and geographies, according to FMI’s study scope. The study includes both qualitative and quantitative data on the market’s main competitors. This paper also examines the market from both a supply and demand perspective. G...

 The global  tower crane rental market  is projected to top  US$ 6.49 Bn  in 2021, according to a recent market analysis by ESOMAR-certifies consulting firm Future Market Insights (FMI). With a favorable demand outlook, the market is estimated to grow at a  5.7% CAGR , reaching 54,685 units in terms of volume. Demand for tower crane rental plummeted in 2020 due to the onset of the COVID-19 pandemic. However, considering the recovery of the construction sector, sales prospects of tower crane rentals are projected to be bright over the forecast period, as the market experienced year-over-year growth by  4.8%  between 2020 and 2021. The global construction industry has witnessed substantial growth in the past few years and the trend is expected to persist over the forecast period. Growth in the construction can be attributed to increasing government investments and rising per capita expenditure in home ownership and renovation. As infrastructure ...

 Global  Switchgear  sales are set to be valued at US$ 72.44 Bn in 2021 and are expected to have a stable long-term projection, according to the latest insights from Future Market Insights (FMI). ESOMAR-certified research and consulting firm. The report has forecasted the global switchgear market to grow at nearly 6.9 % CAGR from 2021-to 2031. The report offers an analysis of the growth trajectory exhibited by the market in 20+ high-growth countries. It offers detailed insights into factors that will be driving growth over the coming decade. As T&D utility sector is estimated to witness a healthy growth rate in the forecast period. According to the report, T&D utilities are expected to account for nearly 46% of switchgear sold in 2021. Besides this, the demand is expected to surge in commercial, industrial, and residential sectors enabling growth in the market. The demand for switchgear was moderate in 2020 however with it had to experience a ...