Tag Archives: Industrial Automation Market

Industrial Automation Market Progresses for Huge Profits During 2024

The global market for industrial automation is considerably fragmented due to the presence of various global and local players in the market. Transparency Market Research (TMR) observes that the top four players in the market has contributed to over 12.2% to the overall market in 2015. Due to technological advancements, prominent players are constantly focusing on integrating their products with advanced technologies. Developing products that deliver functional transformation and commercial excellence is expected to be the key strategy of these players to stay competitive. Well known players in this market include Voith GmbH, Mitsubishi Electric Corporation, Rockwell Automation, Inc., Yaskawa Electric Corporation, General Electric Company, Emerson Electric Company, Yokogawa Electric Corporation, Toshiba Machine Corporation Ltd., Honeywell International Inc., FANUC Corporation, and ABB Ltd.

Industrial Automation Market will reach a valuation of US$352.02 bn by the end of 2024

The global market for industrial automation is considerably fragmented due to the presence of various global and local players in the market. Transparency Market Research (TMR) observes that the top four players in the market has contributed to over 12.2% to the overall market in 2015. Due to technological advancements, prominent players are constantly focusing on integrating their products with advanced technologies. Developing products that deliver functional transformation and commercial excellence is expected to be the key strategy of these players to stay competitive. Well known players in this market include Voith GmbH, Mitsubishi Electric Corporation, Rockwell Automation, Inc., Yaskawa Electric Corporation, General Electric Company, Emerson Electric Company, Yokogawa Electric Corporation, Toshiba Machine Corporation Ltd., Honeywell International Inc., FANUC Corporation, and ABB Ltd.

Inertial Measurement Unit Market Expected to reach a valuation of US$3.6 bn by 2022

A new report added to the repository of Market Research Reports Search Engine, “Inertial Measurement Unit Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022” is a comprehensive repository of information, providing market share, size, and forecast.

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The global inertial measurement unit market is anticipated to witness growth because of the elevation in the use, procurement, and research of unmanned underwater vehicle (UUV) since the last decade. As a result, there have been telling advances made in a broad scope of UUV payloads such as inertial measurement unit and inertial navigation system. With the help of two chief sensor components, inertial measurement unit could be implemented to collect linear acceleration and angular velocity data as a single unit in the electronics module.

Depth Research of Industrial Automation Market in Global Industry 2017 to 2024

ResearchMoz presents professional and in-depth study of “Industrial Automation Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024”.

Industrial automation is defined as the amalgamation of all machinery, processing systems, test facilities and factories which became automated because of great technological progress. The global market is poised to grow at a substantial rate during the forecast period because of the growing economy across the globe.

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Global Industrial Automation Market: Drivers and Trends

Industrial Automation Market Measurement and Instrumentation puts Asia Pacific

​The global market for industrial automation is considerably fragmented due to the presence of various global and local players in the market. Transparency Market Research (TMR) observes that the top four players in the market has contributed to over 12.2% to the overall market in 2015. Due to technological advancements, prominent players are constantly focusing on integrating their products with advanced technologies. Developing products that deliver functional transformation and commercial excellence is expected to be the key strategy of these players to stay competitive. Well known players in this market include Voith GmbH, Mitsubishi Electric Corporation, Rockwell Automation, Inc., Yaskawa Electric Corporation, General Electric Company, Emerson Electric Company, Yokogawa Electric Corporation, Toshiba Machine Corporation Ltd., Honeywell International Inc., FANUC Corporation, and ABB Ltd.

Barcode Scanner Market: Global Industry Analysis and Opportunity Assessment, 2017-2027

North America is expected to create total incremental opportunity of more than US$ 1500 Mn between 2017 and 2027. The North America Barcode Scanner Market is expected to account for a little more than 30% value share by the end of 2017. The region is projected to expand at a CAGR of 6.9% over the forecast period. Sales of barcode scanners in the U.S. is estimated to be valued at US$ 1404.8 Mn by the end of 2017 and is expected to witness significant growth over the forecast period, exhibiting high value–high growth. However, the barcode scanner market in Canada is expected to incline towards low value–high growth during the forecast period. Canada is projected to represent total incremental opportunity of more than US$ 240 Mn between 2017 and 2027.

Variable Frequency Drive Market: North America Industry Analysis and Opportunity Assessment, 2017–2027

Variable frequency drive sales value and volume consumption in the U.S. is projected to expand at the highest CAGR over the forecast period. In 2016, the U.S. Variable Frequency Drive Market was valued at more than US$ 3,300 Mn and has been estimated to increase to a little more than US$ 3,500 Mn by 2017 end, reflecting a Y-o-Y growth rate of 5.9%. The U.S. country market is anticipated to create incremental dollar opportunity of close to US$ 3,000 Mn between 2016 and 2027 in the North America variable frequency drive market. In terms of market value, the Canada variable frequency drive market was valued at US$ 911.8 Mn in 2016 and has been estimated to increase to more than US$ 950 Mn by 2017 end, reflecting a Y-o-Y growth rate of 5.2%. Revenue contribution from the variable frequency drive market in Canada is expected to increase at a CAGR of 4.8% over the forecast period. The Canada market is anticipated to create incremental dollar opportunity of more than US$ 600 Mn between 2016 and 2027 in the North America variable frequency drive market.

Industrial Automation Market : Emergence of Advanced Technologies and Global Industry Analysis

Industrial automation refers to application of various control systems to operate equipment in factoris or other manufacturing units. Today, industrial automation is used for operating several factories, machinery, heat treating boilers and ovens, steering and ship stabilization, switching on telecom networks, aircrafts and related applications, and automotive assemblies.

Over several years and with incredible investment in research and development, the global industrial automation market has evolved to reduce the burden of labor on humans. According to the research report, the global industrial automation market is anticipated to reach a valuation of US$352.02 bn by the end of 2024 from US$182.64 bn in 2015. Between the forecast years of 2016 and 2024, the global market is expected to expand at a CAGR of 6.6%.

Industrial Valve Market: Global Industry Analysis (2012–2016) and Opportunity Assessment (2017-2027)

The demand for Petroleum Products has skyrocketed across the globe, both in developed and emerging economies. With the introduction of newer technologies, there has been growth in subsea oil and shale gas extraction in diverse regions such as North America and Europe. According to the U.S. Energy Information Administration’s International Energy Outlook 2016 (IEO2016) and Annual Energy Outlook 2016, shale gas production comprised more than 50% of natural gas production in the country and it is anticipated to double by the year 2040 to 79 bcf/d by the year 2040. An increasing number of projects in the global Oil & Gas industry should bring about rapid momentum in the pipeline installation and construction industry. These pipelines are laid down over extremely long distances and fitted with a number of valves from the industrial valve market to regulate hydrocarbon flow.