Industrial Gearbox Market Set for Rapid Growth to Reach Value $31.90 billion by 2023
The global industrial gearbox market reached USD 25.21 billion in 2017. It is projected to reach USD 31.90 billion by 2023, growing 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. In addition to this, the increasing automation in manufacturing technology is facilitating the...
Study Predicts Growth in Market for “Intumescent Coatings”
The intumescent coatings market is projected to grow from an estimated USD 900.1 million in 2018 to USD 1,110.0 million by 2023, at a CAGR of 4.3% from 2018 to 2023. Intumescent coatings provide passive fire protection to substrates and help delay structural collapse in case of a fire.
Download FREE PDF Sample Report at https://www.marketsandmarkets.com/pdfdownload.asp?id=151067477
Investment &...
Home Automation System Market Expanding with Growth in IoT Applications
With the continuous developments and innovations in technology, home automation solutions are rapidly evolving, thus providing better performance and efficiency coupled with conservation of energy and lower costs of labor. It involves various applications such as lighting control, safety and security, entertainment, HVAC controls, etc. The growing awareness regarding the energy conservation and digitization...
Demand for industrial control and factory automation is increasing because of the rapidly changing pattern of consumption and production of goods and services
The implementation of industrial control and factory automation in factories is growing at a rapid pace. The demand for industrial control and factory automation is increasing across verticals because of the rapidly changing pattern of consumption and production of goods and services. The adoption of smart field devices such as industrial robots and technology is being done to address the defect at...
What is the current investment trends in the machine vision market ?
The machine vision market is expected to reach USD 14.0 billion by 2024 from USD 9.9 billion in 2019, at a CAGR of 7.1% from 2019 to 2024. In 2018, the market was mainly dominated by Cognex Corporation (US), Keyence Corporation (Japan), National Instruments (US), Basler (Germany), and Omron Corporation (Japan). These major companies focus on the implementation of organic growth strategies, such as...