Light Management System Market to See Massive Growth in Near Future

Light Management System Market

The global Light Management System Market is expected to grow from an estimated $11.66 billion in 2018 to $21.51 billion by 2023, at a CAGR of 13.03%, during the forecast period. The increasing adoption of energy-efficient lighting automation systems is the major driver of the lighting management …

Autonomous Forklift Market Projected to reach $6.4 billion by 2027

Autonomous Forklift Market

According to a research report “Autonomous Forklift Market by Tonnage Capacity (<5, 5-10, >10), Navigation Technology (Laser, Vision, Optical Tape, Magnetic, Inductive Guidance), Sales Channel, Application, End-Use Industry, Type, Propulsion and Region – Global Forecast to 2027″ published by MarketsandMarkets, the autonomous forklift market size is projected to …

Electric Motor Market will Hit Big Revenues in Near Future

Electric Motor Market

The global Electric Motor Market is expected to grow from an estimated USD 113.3 billion in 2020 to USD 169.1 billion by 2026, at a CAGR of 6.9% during the forecast period. Increased demand for HVAC systems in residential, commercial, and industrial end-users in the Middle East …

Terminal Tractor Market | Growth and Opportunities by 2026

Terminal Tractor Market

The global Terminal Tractor Market is projected to grow from $718 million in 2021 to $877 million by 2026, at a CAGR of 4.1% during the forecast period. Increasing international trade (ports traffic and rail freight) and growing demand from e-commerce and logistics industries drive …

Attractive Opportunities in the Quantum Cascade Laser

The quantum cascade lasers (QCL) market size is projected to grow from USD 355 million in 2019 to USD 422 million by 2025, at a CAGR of 3.9% during the forecast period. The drivers fueling the growth of the market are increase in the use …

Storage function to be largest market for automated storage and retrieval system from 2019 to 2024

An automated storage and retrieval system is a device used in manufacturing plants, warehouses, and distribution centers for storing and retrieving loads from one storage location to another. An ASRS comprises various computer-controlled systems and equipment that are used to store and accurately retrieve materials …

Conveyor System Market Development, Opportunities, and Growth to 2025

conveyor system market

The Conveyor System Market is projected to grow at a CAGR of 4.33% during the forecast period, to reach USD 9.9 billion by 2025 from an estimated USD 7.4 billion in 2018. Increasing industrialization and automation have led to improved productivity and efficiency in the …

What are the upcoming industry applications for mass flow controller?

The mass flow controller market is expected to grow from USD 1.1 billion in 2019 to USD 1.5 billion by 2024, at a CAGR of 6.21%. Growing opportunities in pharmaceutical and medical equipment, and increasing demand for mass flow controllers for space applications provide lucrative …

Steady Growth in Process Automation Market is a Positive Sign for Companies

process-automation-market

Energy efficient equipment is the need of the hour for the automation and instrumentation industries. It also influences the cost, sustainability and resource efficiency. It is also the reason why process automation market holds importance in different industrial verticals. It deals with control room automation …