The North American heat pumps market is anticipated to grow at a remarkable CAGR during the forecast period. North America accounted for more than 25% of the global volume share for heat pumps in 2019 which is expected to witness growth following the pandemic in 2020. With fossil fuels dominating the market in most of […]
Category Archives: Industrial Automation
Indian is expected to grow at the fastest rate in the heat pumps market owing to its sustainable policies, underpenetrated market scenario, rising urbanization rates, higher disposable income, and growth in the middle-class economy. Further, the business-friendly policies and growing construction sector can contribute to the growth of industrial and commercial heat pumps as well. […]
The global industrial metrology equipment market is anticipated to grow with a considerable CAGR of 9.3% during the forecast period (2020-2026). Factor fueling market of the industrial metrology equipment includes the rapid industrialization across the globe. The industrialization has driven the requirements for focus on quality control in various industries thereby increasing the demand for […]
The US factory automation market is projected to grow at a significant CAGR during the forecast period. The market growth is backed by the growing industrial robotics in various industries in the country. Furthermore, the US is projected to showcase considerable growth in the number of domestic robotic solutions, owing to the country’s government policies […]
The UK factory automation market is projected to grow at a significant CAGR during the forecast period. The major factors that propel the market growth in the country include the growing number of robots in the country, significant growth in the manufacturing sector, and others. With the innovative combination of hardware and software, the manufacturers […]
The North American factory automation market is projected to grow at a significant CAGR during the forecast period. The market is mainly driven by the growing adoption of automated control systems in various industries such as automobile, aerospace, healthcare, and others. For instance, in August 2018, The Kardex Remstar introduced a new technology named Shuttle […]
The European factory automation market is projected to grow at a significant CAGR during the forecast period owing to the significant technological advancement in manufacturing in various countries such as UK, Germany, and others. Germany is the largest European trading partner of the US and the sixth-largest market for the export of goods to the […]
The Asia-Pacific factory automation market is projected to grow at a significant CAGR during the forecast period. The increase of industrial robots in the Asia-Pacific region is accelerating at a rapid growth; the operational stock rose 70% to 887,400 units during 2010-2015, as per the International Federation of Robotics. China was the largest market for […]