Industrial Vehicles Market Size to Hit USD 64.3 Billion by 2030
The global industrial vehicles market growth is projected to grow from USD 49.2 Billion in 2024 to USD 64.3 Billion by 2030, at a CAGR of 4.6%. The industrial vehicles market is experiencing steady growth due to increased automation and efficiency demands in warehouses and manufacturing facilities. Additionally, the expansion of e-commerce and logistics sectors drives the demand for material handling...
Conveyor System Market Growth and Forecast 2024-2030
The global conveyor system market size is projected to grow from USD 10.4 Billion in 2024 to USD 14.8 Billion by 2030, at a CAGR of 6.0%. The conveyor system market is experiencing robust growth due to the rising growth of automation, and advancement in 5G, IoT and Artificial Intelligence. Additionally, increasing standards for safer conveyor operations with new technological developments from solution...
Autonomous Forklift Market Size, Share, Growth, Trends & Forecast 2028
The autonomous forklift market size is projected to grow from USD 4.6 billion in 2023 to USD 8.8 billion by 2028, at a CAGR of 13.8% from 2023 to 2028.
The growth of the autonomous forklift market is influenced by factors such as rising complexities for product handling, rising need for smart logistics, good return on investment, better space utilization, and growing consumerism through online...
Industrial Gearbox Market to Exceed $31.90 Billion by 2023
The global Industrial Gearbox Market is expected to grow from an estimated $25.91 billion in 2018 to $31.90 billion by 2023, at a CAGR of 4.25% from 2018 to 2023. Increasing requirement for efficient energy gearbox and clean energy sources are driving the growth of the industrial gearbox market. The increasing automation in manufacturing technology is facilitating the growth of the...
Vacuum Contactor Market Size to Hit $5.5 billion by 2028
According to a research report “Vacuum Contactor Market by Voltage Rating (1-5 kV, 5.1-10 kV, 10.1-15 kV, 15.1-24 kV), Configuration, Application (Motors, Transformers, Capacitors, Reactors, Resistive Loads), End Users (Utilities, Industrial, Oil & Gas) Region – Global Forecast to 2028″ published by MarketsandMarkets, the global vacuum contactor market is estimated to be valued at...
Remote Power Panel Market May See a Big Move
Remote power panels play an important role in data centers by providing power distribution and monitoring capabilities. These data centers typically feature remote power panels that can be easily configured and monitored from a central location. This allows organizations to quickly and easily scale their IT infrastructure to meet ever-changing demand while also reducing the cost and complexity of...
The Top Growth Opportunities for Industrial Air Compressor Market
The industrial air compressor market has promising growth potential due to the rapid industrialization and increasing automation in emerging economies. Industrial air compressors have a wide range of applications in industries such as chemicals and petrochemicals, oil & gas, pharmaceuticals, construction, automotive and transportation, packaging industry, power generation, healthcare, metals and...
Circuit Monitoring Market Size to Reach $829 million by 2028
According to a research report “Circuit Monitoring Market by Type (Modular Circuit Monitoring, Others (Branch Circuit & Multi Circuit)), End Use (Commercial, Industrial, Data Centers), & Region (North America, Europe, Asia Pacific, South America, Middle East & Africa) – Global Forecast to 2028″ published by MarketsandMarkets, the global circuit monitoring market is projected...
Industrial Control Transformer Market Surge Towards Solid Growth by 2027
The global industrial control transformer market size will grow to USD 1.2 billion by 2027 from USD 0.9 billion in 2022, at a CAGR of 5.0% during the forecast period. Rising energy consumption across industries, increasing usage of industrial control transformers in major industries, hence these are driving the demand of industrial control transformer globally. Moreover, growing manufacturing industry...
The Rise of Motor Monitoring Market: Predictive Maintenance and AI-Driven Solutions for Industrial Efficiency
The motor monitoring market is an important industrial area that has grown significantly in recent years. Motor monitoring technology is used to keep track on the state of motors and detect any flaws or possible problems. This technology is employed in a variety of industries, such as manufacturing, energy, and transportation.
The global motor monitoring market is expected to reach USD 2.9 billion...