The global automated test equipment market is expected to grow at a CAGR of nearly 3.4% during the forecast period (2021-2027). The growth of the market is driven by the increased adoption of automated test equipment in the automotive and semiconductor industry. A significant increase in the number of connected devices and consumer electronics, as […]
Category Archives: Industrial Automation
Japan industrial air compressor market is estimated to grow modestly at a CAGR of around 3.3% during the forecast period. Japan is among the developed economies around the globe. Cohesive government policies and initiatives to promote the manufacturing sector in the country are anticipated to offer significant growth opportunities for the industrial air compressor market […]
India industrial air compressor market is estimated to grow modestly at a CAGR of around 6.2% during the forecast period. This growth can be attributed to the cohesive government policies in the country to promote the manufacturing industry of India. India is continuously working towards positioning itself as a major country in technological development and […]
Germany industrial air compressor market is estimated to grow modestly, at a CAGR of around 4.3% during the forecast period. Germany has a considerable market share in the European industrial air compressor market due to the developed food & beverage industry and huge gas production capacity. Germany is Europe’s largest food producer and the food […]
European industrial air compressor market is estimated to grow modestly, at a CAGR of around 3.8%, during the forecast period. The growth of the market is attributed to the rapid industrialization and increasing demand for energy-efficient compressors in the region. A significant rise in industrialization has witnessed over the years in the EU, owing to […]
China industrial air compressor market is estimated to grow modestly at a CAGR of around 5.6% during the forecast period. Rapid industrialization owing to the cohesive government policies to promote industrialization is making a significant contribution to the market growth in China. Announced in 2015, the “Made in China 2025” is one of the ambitious […]
Canada industrial air compressor market is estimated to grow modestly at a CAGR of around 4.1% during the forecast period. The growth of the market in the country is primarily attributed to the increasing natural gas production, power, and energy sector, and expanding pharmaceutical manufacturing units. These industrial areas utilize industrial air compressors considerably for […]
Asia-Pacific industrial air compressor market is estimated to grow at the fastest CAGR of around 5.3% during the forecast period. The growth of the Asia-Pacific industrial air compressor industry is primarily driven by China and India’s fast-paced economies and significant growth in the coal, and oil and gas sector. According to the BP PLC, the […]
The global industrial wireless in discrete industries market is expected to grow at a significant CAGR of 11.2% during the forecast period (2021-2027). The major factors propelling the growth of the global industrial wireless in discrete industries market include the rising demand for the combination of machines placed in remote locations for functions such as […]
The global heat pumps market is estimated to record a substantial CAGR of 7.8% during the forecast period. With the demand for meeting zero energy emissions by 2050, the HVAC industry is witnessing a rapid phase lift where COP and SEER ratings are being increased to meet modern requirements. The heat pump associations of various […]