Author: Worldwideanalysis

The size of the packaging automation market was $61,849 million in 2021. This will reach to $125,220 million by 2030, advancing at a growth rate of 8%in the years to come. The growing acceptance of automation in the industrial sector, fast industrialization, increasing manufacturing actions because of the rising population, and necessity to lower the labor need are the prime factors for the industrial growth. Filling equipment has the largest share of revenue, of approximately 23%, in 2021, and it will continue in the years to come. This has much to do with the wide use of automated filling machines…

The vision sensor market generated revenue worth $2.5 billion in 2019 and is expected to reach $9.2 billion by 2030, while displaying a CAGR of 12.7% during the forecast period. The growth will be driven by the surging demand for vision sensors from the automobile industry, advent of Industry 4.0, and increasing adoption of smart vision sensors. With the advent of Industry 4.0, the demand for industrial automation solutions is expected to increase in future. This will eventually propel the vision sensor market growth during the forecast period. The vision sensors play an imperative role in the making of intelligent…

Factors such as the soaring demand for automation solutions in the manufacturing industry and the burgeoning need for collaborative modular robots in the logistics sector are expected to fuel the modular robotics market at a CAGR of 9.9% during the forecast period (2020–2030). According to P&S Intelligence, the market was valued at $5.6 billion in 2019, and it is projected to generate $15.1 billion revenue by 2030. In recent years, the increasing adoption of the industrial internet of things (IIoT) in the production process has become a major market trend. The increasing deployment of collaborative modular robotics systems or cobots…

Factors such as the expanding gas pipeline network, flourishing automotive industry, and increasing installation of heating, ventilation, and air conditioning (HVAC) system are expected to steer the compressor market at a CAGR of 3.1% during the forecast period (2020–2030). According to P&S Intelligence, the market was valued at $39.9 billion in 2019 and it is projected to reach $48.5 billion revenue by 2030. Moreover, the market is witnessing a trend of increasing preference for variable-frequency drives (VFDs) over gas turbines, owing to improved productivity, reduced noise, and accurate speed and process control exhibited by them. The rising installation of HVAC…

The size of the shavers market was above $6,732 million in 2021, and the figure will rise at a rate of 6% during 2021–2030 and reach $11,334 million by the end of this decade. The growing corporate culture and emphasis on good looks are the main exponential factors for the growth of the industry. What was considered a luxury earlier is now the need of every social event, with the rising living standards. Further, the portability and long durability of these pieces of equipment are attracting people toward these quality appliances. Get More Insights: Shavers Market Revenue Estimation and Growth…

A number of factors such as the increasing number of construction activities, ongoing technological developments in the lighting industry, and rising focus of governments on energy-efficient lighting solutions are expected to drive the emergency lighting market at a 6.4% CAGR during this decade. According to P&S Intelligence, the market was valued at $5,386.0 million in 2020, and it will generate $9,993.4 million revenue by 2030. Additionally, the surge in research initiatives for emergency lighting solutions will also support the market growth worldwide. The global demand for emergency lighting systems can be owed to the ongoing technological advancements in the lighting…