Industrial Automation

  The global   solar microinverter market   size is expected to grow at a CAGR of   18.1%  from 2022 to 2032,   reaching a valuation of   US$ 5,716.0 Mn   by 2032. By system type, the integrated system category is set to make up over  8%   of the global solar microinverter market share in 2022. In 2016, the market for solar micro inverters is anticipated to grow 11.4 percent annually, reaching a value of US$ 488.2 Mn. A DC to AC inverter used with photovoltaic systems is called a solar micro inverter. A micro inverter operates on Module Level Power Electronics, which means that power conversion happens at the module level as opposed to conventional string/central inverters. The need to increase overall system efficiency and safety, as well as the number of photovoltaic (PV) installations, are both expected to increase demand for solar micro inverters. Due to falling prices and new products, the growing demand for solar micro inverters wi...

  The global sales of   lead-acid batteries   are set to be valued at over US$ 54.3 Bn in 2021, with a stable long-term projection, according to the latest insights by Future Market Insights (FMI). The report has forecasted the market to expand at over 5.2% CAGR between 2021 and 2031. There also is an increasing demand from other industries for the deployment of lead-acid batteries. An increasing number of players focusing on research and development related to lead-acid batteries is anticipated to have a significant contribution to market growth in the years to come. The call for lead-acid batteries is increasing with the rise in the volume of the car fleet in the latest years. This may be attributed to an increase in aftermarket income in normal interims for battery replacement. The growing requirement has led to mass production and has increased the importance of process automation in the lead-acid battery market. The market is shifting towards industry 4.0 s, leading ...

  The size of the global   high pressure processing system market   is anticipated to exceed USD 430 million, with a volume CAGR of 12.3% between 2016 and 2026 and a value CAGR of 13.7% over the same period.The adoption rate of HPP equipment for cold pasteurisation in F&B industry is one the major parameters based on which the global market size has been calculated. Future Market Insights (FMI) has identified a few key trends influencing the high pressure processing equipment market as a whole in its most recent report (HPPE). Briefly stated, the market trajectory is currently being greatly influenced by the premium juice manufacturers’ rapid adoption of the high pressure processing technique, automation and technological advancement, and the growing number of HPP tolling service providers. According to the report, Hiperbaric S.A a prominent manufacturer of high pressure processing equipment is the current leader in the global market as the company’s hold over the Nor...

  As per ESOMAR-certified consulting firm Future Market Insights (FMI), the global   heat recovery steam generator market   is anticipated to reach   US 1.1 Bn   in 2021. With the U.S., the U.K., Germany, and Japan emerging as key producers, the market is poised to grow at a   5.7% CAGR   through 2031. In addition, government initiatives in counties such as the U.S., the U.K., India, and China regarding the promotion of renewable energy will spur demand for heat recovery steam generators in the forthcoming years. Further, sophisticated customization and innovative product solutions offered by OEM’s and heat recovery steam generator players will continue providing tailwinds to sales. As per FMI’s regional analysis, the U.K. is anticipated to lead the European heat recovery generator market. Stringent regulations regarding carbon emissions in the European Union, coupled with increasing adoption of renewable energy sources will enhance growth prospects th...

  The global   water leak sensors market   is forecasted to be appraised at US$ 3,462.4 Mn by 2032, up from US$ 1,777.6 Mn in 2022, advancing at a CAGR of 6.9% during the forecast period. Sales of water leak sensors are anticipated to be driven by the integration of the Internet of Things (IoT), artificial intelligence (AI), cloud or edge-based services, and their growing use in smart homes. However, ineffective water systems and a lack of understanding about the significance of water leak sensors are likely to impede market expansion. Numerous residential and non-residential locations experience water leakage incidents that cause significant water loss. Water leaks have the potential to harm both new and old buildings. Regular building or pipeline wear and tear, waste materials like grease or hair that can damage water pipelines and cause leaks, high water pressure, and other factors are just a few of the causes of water leakage. Water leakage increases the water bill as...

  Demand in the global warehouse robotics market is projected to surpass US$ 5 Bn in 2022, growing at an impressive 13% CAGR over the forecast period. Growing trend of industrialization and the introduction of industry 4.0 is expected to drive the market. Against this backdrop, the market valuation is anticipated to reach over US$ 9.5 Bn in 2032. Warehouse robots  are gaining a lot of popularity and its rising importance due to its usage in varied number of applications such as food and beverage, automotive, pharmaceuticals, electronics, construction, defense, oil and gas.Companies are investing huge in research and development activities in the warehouse robotics market, especially developed countries for product innovation and also to automate it in a more advanced way. With rapid advancement in technology and increasing demand of warehouse robotics to improve product quality, production and space utilization, the market for warehouse robotics market is growing at a positive...

  ESOMAR-certified consulting firm Future Market Insights (FMI) in its latest report forecasts that the global agricultural equipment market will register a CAGR of   4.8%   between 2021 and 2031, reaching a market volume of around   6.7 Mn units   by 2031 end. Agriculture is the primary source of livelihood for about 58% of India’s population. In order to address the rising food demand and promote use of advanced farm machinery, government of India has introduced various schemes. For instance, Rastriya Krishi Vikas Yojana (RKVY) was introduced to provide 100% subsidy. The scheme was aimed to assist the advancement of the farming sector. The  agriculture equipment market  is under constant pressure to address the food security issue. Farmers across the world are employing various equipment to increase food production. These machines minimize the manual labor and reduce turnaround time. Growing popularity of precision farming is augmenting the demand fo...