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The study also finds that the high demand for dependable safety systems to ensure asset and personal protection further drives the  industrial and workplace safety market growth significantly. The global industrial and workplace safety market is anticipated to grow steadily at a CAGR of 6.4 percent, rising from US$ 5.9 billion in 2021 to US$ 11.6 billion in 2032.

According to a market study on industrial and workplace safety, the growing concern about occupational safety is driving up demand for workplace safety solutions. Industrial health and safety regulations are strictly enforced globally, and the requirement to use industrial safety solutions in the workplace is a major factor driving the industrial and workplace safety market statistics.

The management of all activities and events within an industry with the goal of safeguarding its personnel and assets through the prevention of risks, accidents, hazards, and near misses is known as industrial machine safety. Government agencies regulate it through a variety of laws and rules.

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Intelligent clothing, smart safety, autonomous vehicles, and smart construction PPE are new, emerging trends in the industrial and workplace safety market that will most likely augur well for the industrial and workplace safety market.

The increasing integration of big data in safety tools, as well as the use of safety information as a predictive tool for risk management, is anticipated to provide lucrative industrial and workplace safety market opportunities to grow.

Sales of industrial and workplace safety solutions are also expected to rise during the forecast period as the surveillance industry is expanding rapidly, particularly in Europe and North America.

Industrial and workplace safety solutions adoption trends are positively impacted by many industries that have begun to implement real-time location monitoring systems (RTLMS), monitoring and surveillance solutions, and environmental health and safety systems (EHS) to protect their assets, thereby supporting the industrial and workplace safety market trends and forecast.

The industrial and workplace safety market key trends & opportunities are also facilitated by the industrial internet of things (IIoT) as it enables analysis and control by providing virtual management of physical systems, resulting in improved performance.

Therefore, the adoption of industrial and workplace safety solutions is projected to scale up during the forecast period due to the increasing adoption of IoT.

Considering all of the above-mentioned factors, the industrial and workplace safety market size is expected to be around US$ 6.3 Bn by 2022.

Key Takeaways

• By system, Real-Time Location Monitoring Systems (RTLMS) is likely to dominate the market as they identify and track the location of objects & people in a defined area in real-time and are used for a variety of applications.
• By application, the incident and emergency management segment is expected to lead the market owing to the large-scale deployment to reduce workplace injuries and accident cases.

• During the forecast period, the food and beverage segment is expected to grow at the fastest CAGR owing to an increase in demand for these systems as a result of various regulations.
• Due to stringent regulations such as GDPR, Europe is expected to see significant market growth and witness a positive industrial and workplace safety market outlook.
• On account of government and regulatory framework for labor safety and well-being, Asia Pacific would pave the way to various industrial and workplace safety market future trends during the forecast period.

“North America is expected to be the leading holder of industrial and workplace safety market share. The presence of global innovative technology providers and tech-savvy consumers drives the demand for innovative workplace safety solutions, and safety standards are key factors driving the market growth in North America. The increasing use of advanced technologies and smart sensors in workplace safety to monitor and track equipment provides opportunities for industrial and workplace safety companies in the region.” opines an FMI analyst.

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Competitive Landscape

To strengthen their industrial and workplace safety market share, the industrial players have been implementing a variety of organic and inorganic growth strategies, such as acquisitions, agreements, and new product launches, thereby giving way to many emerging trends in the industrial and workplace safety market.

The major players in the industrial safety market are Honeywell International Inc. (US), Rockwell Automation, Inc. (US), Schneider Electric SE (France), Siemens AG (Germany), ABB Ltd. (Switzerland), Emerson Electric Co. (US), HIMA (Germany), Yokogawa Electric Corp. (Japan), Omron Corporation (Japan), and Baker Hughes (US).

Key Segments

By Type:

• Machine Safety
• Worker Safety

By Component:

• Presence Sensing Safety Sensors
• Safety Controllers/ Modules/Relays
• Programmable Safety Systems
• Safety Interlock Switches
• Emergency Stop Controls
• Two-Hand Safety Controls
• Others

By Safety System:

• Emergency Shutdown System (ESD)
• High Integrity Pressure Protection System (HIPPS)
• Burner Management System (BMS)
• Fire & Gas Monitoring System
• Turbomachinery Control System (TMC)

By Industry:

• Oil & Gas
• Energy & Power
• Chemicals
• Food & Beverages
• Aerospace
• Automotive
• Semiconductor
• Healthcare & Pharmaceuticals
• Metals & Mining
• Others

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa

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Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10-years.

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According to an analysis by Future Market Insights (FMI), the industrial safety footwear market size is expected to be valued at US$ 18.99 Mn in 2032, with a 6.3% CAGR during the forecast period.

Rapid industrialization, combined with expanding end-user sectors such as construction, mining, food, pharmaceuticals, and oil & gas, as well as rising government measures to improve worker safety, will drive the industrial safety footwear market forward.

Furthermore, over the projection period, exceptional training programs in conjunction with new severe safety regulations will improve the safety equipment device.

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The global market for industrial safety footwear is exploding as a result of technological advancements and the strengthening of current safety regulations and standards. Among the national organisations that adhere to a set of safety recommendations are BSI, ILO, and OSHA.

The authorities mandate that firms provide their staff with approved safety equipment while they are at work.

Additionally, because of the COVID-19 epidemic, consumers put off or delayed purchasing non-essential goods and services like clothing, footwear, and home appliances during the lockdown period, which decreased demand for footwear.

The market for industrial safety footwear was also impacted by the temporary closure of manufacturing facilities and the manufacturing industries.

However, after gaining a better grasp of the problem, the government has enacted several regulations to prevent duplication and maintain product quality. As a result, safety products must pass a rigorous quality check without jeopardizing the safety criteria.

For example, the American National Standards Institute (ANSI) develops and oversees industry safety footwear standards, assisting in removing the aforementioned impediment.

There is a slight chance that low-quality products will be prevalent, which will indirectly increase workplace dangers due to poor product quality.

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Key Takeaways:

• With a market size of over USD 8.50 billion and a CAGR of over 6.5% over the forecast period, the leather industrial safety footwear market is expected to hold the largest share in 2020.
• In 2027, the construction industry’s industrial safety footwear market is estimated to exceed USD 4.95 billion.
• By 2027, the North American market is estimated to reach USD 5.40 billion, with a CAGR of over 6% during the forecast period. In North America, manufacturing is the fastest expanding application segment for industrial safety footwear.
• Over the forecast period, the rising adoption of health and safety standards to prevent workplace fatalities is predicted to boost the demand for safety footwear.

Competitive Landscape:

Manufacturers are investing in innovative technology and product development to capitalize on the increased demand for industrial safety footwear in the coming years.

Honeywell International, Inc, JAL Group France SAS, COFRA S.r.l, Rock Fall Ltd, Uvex Group, Anbu Safety Industrial Co., Ltd, Hillson Footwear Pvt. Ltd, Bata Industrials, and Williamson-Dickie Manufacturing Co. are all significant players in the industrial safety footwear market.

• At a safety show in Dubai in February 2020, Rock Fall Ltd introduced new safety footwear designs from its firefighting, electrical hazard, and extreme heat protection boots. This release has the world’s first arc-rated electrical hazard boot. As a result, the company’s launch supports them in improving their portfolio and raising more revenue in the following years.
• Major market competitors are working on lightweight composites to reduce the pain associated with typical PVC, such as heaviness and difficulties walking. In addition, expansion is one of the most common tactics businesses use to expand their global reach.

Key Market Segments

By Material:

• Leather
• Rubber
• Plastic
• Waterproof

By Application:

• Construction
• Manufacturing
• Oil & Gas
• Chemicals
• Transport
• Mining
• Food
• Pharmaceuticals

By Product:

• Shoes
• Boots

By Region:

• North America
• Latin America
• Asia Pacific
• Europe
• Middle East & Africa

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor  the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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As the demand for ductless heating and cooling review grows, the amount of energy and power consumed during operation will also grow.

The demand for ductless heating and cooling systems is due to low energy consumption and ease of installation. In addition, the Asia-Pacific region’s fast-growing construction markets are boosting demand for ductless heating and cooling systems for residential buildings, thanks to the region’s growing population, rapid urbanization, and strong economic growth.

During the forecast period, sales of split ac with heater increased by roughly 15%. Increased sales of split ac with heater will result in more pollutants being emitted into the atmosphere while the devices operate.

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Ductless mini-split, multi-splits, split-ductless, split-zoning, and variable refrigerant flows are all terms used to describe ductless mini split ac.

These air conditioners or split heaters do not transfer air through ducting. Mini-splits are popular in Europe and Asia, but they account for less than 5% of the market in the United States.

It is anticipated to result in higher total ductless heating and cooling systems costs and the development of environmentally sustainable cooling systems, exerting pressure on ductless heating and cooling systems manufacturers.

In the case of sales of ductless heating and cooling systems, there is a lack of awareness about the economic and environmental benefits of these systems; they are normally considered expensive, which makes ductless heating and cooling systems market opportunity challenging in the region.

Furthermore, there is also a lack of knowledge about energy-efficient ductless heating and cooling systems.

Nevertheless, they’re a wonderful choice for older homes that lack the ductwork needed for a traditional ducted heating and cooling system, as well as homes or businesses with hot or cold zones.

The Internet of Things (IoT) is when HVAC systems are connected to the Internet and data is shared. The Internet of Things enables the HVAC system to have low ongoing maintenance and repair expenses.

Cost-cutting, predictive maintenance, comfort heating and cooling, and healthy building performance are advantages of incorporating IoT into these applications. As a result, ductless heating and cooling systems will benefit from the growing adoption of IoT in the HVAC market.
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Key Takeaways

• In the United States, the ductless heating and cooling systems market growth is expected to reach $17.6 billion by 2020.
• According to the report, China, the world’s second-biggest economy, is projected to reach a ductless heating and cooling systems market size of US$23.3 billion by 2027, with a CAGR of 10.8%.
• As per the ductless heating and cooling systems market study, Japan and Canada are two other ductless heating and cooling systems markets expected to increase at 3.7% and 6.3%, respectively, from 2020 to 2027.
• The study finds that Germany is anticipated to expand at a CAGR of around 4.5% in Europe.
• Mini-split heating and cooling are forecasted to see a ductless heating and cooling systems market growth at an annual rate of 8% and reach US$65.9 billion by 2025.
• The ductless heating and cooling systems market growth in the Window Air Conditioner Systems segment has been updated to a revised 5.4% CAGR.

Competitive Landscape

Between 2022 and 2032, these companies used various organic and inorganic expansion tactics to increase their ductless heating and cooling systems market size. In addition, these leading companies used new product development, mergers, acquisitions, and expansion as important growth strategies to expand their product range and regional presence and address the growing demand for ductless heating and air conditioning units in emerging nations.

The leading ductless heating and cooling systems manufacturers are DAIKIN Industries (Japan), Mitsubishi, Johnson Controls (US), Carrier (US), Trane Technologies plc (US), LG Electronics (South Korea), Emerson Electric Co. (US), Fujitsu, Honeywell International Inc. (US), Mitsubishi Electric Corporation (Japan), Nortek Air Management (US), Samsung Electronics (South Korea), FUJITSU (Japan), GREE (China), Hitachi (Japan), Midea (China), Panasonic (Japan).

• Carrier will introduce a new Toshiba Carrier touchscreen controller for VRF systems in North America in 2021, capable of linking up to 128 indoor devices to one simple interface.
• Nortek Global HVAC (NGH), a prominent unit ductless heater manufacturer, revamped its whole Reznor brand of commercial, industrial, and residential gas-fired unit mini split heaters for the North American market in 2021.
• Trane China introduced a new line of air cleaning systems in 2021 that uses modern technology to eliminate contaminants in interior spaces, such as particles, gases, and viruses. Under the new normal with the COVID-19 pandemic, the ductless heating, and cooling systems enhance indoor air quality (IAQ), build environmental safety, and meet people’s additional criteria for a safe, healthy, and comfortable indoor environment.

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The forecast period is expected to see a moderate CAGR of 6% for the global refrigeration coolers market Research, rising from US$ 3.6 Bn in 2022 to US$ 6.45 Bn by 2032.

“Operators are significantly growing the industry by making informed investment choices and staying current with shifting food consumption trends.”

The need for cutting-edge refrigeration coolers, the rise in investments in cold storage and refrigerated warehouses, and the demand for frozen and processed foods globally are all expected to increase demand for this sector in the near future.

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Additionally, the adoption of natural refrigerant-based systems in a variety of commercial and industrial applications is a positive market indicator.

Though the Sales of refrigeration coolers market growth was disrupted to a certain extent by COVID-19 in the last couple of years, the manufacturing sector is expected to pick up the pace gradually in the coming months. The refrigeration coolers market is predicted to move forward at a moderate pace with a CAGR of 6% from 2022 to 2032, following the refrigeration coolers market analysis by Future Market Insights (FMI).

As a result, the refrigeration coolers market is expected to recover by mid-2022, with ease in lockdown in China, India, the United States, and Germany. In addition, vaccines have been available in several countries since December 2020.

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Due to the high cost of condensers, evaporators, and compressors, industrial freezers have a high installation cost. As a result, the total cost of installation rises, which is a significant impediment in the companies trying to augment their  refrigeration coolers market share.

In the wake of the COVID-19 pandemic, increased demand for online grocery shopping and frozen food has prompted e-commerce companies to invest in refrigerated warehouses and cold storage, thereby facilitating the adoption of refrigeration coolers.

 The installation of customized walk-in refrigerators is becoming more popular in recent years, and it emphasizes the importance of efficient refrigeration in commercial applications.

Working with ammonia-based refrigeration systems necessitates the use of safety equipment.

Ammonia, coupled with certain hydrocarbons, is a flammable and corrosive refrigerant that has proved to be life-threatening when inhaled. Thus, it mitigates the demand for refrigeration coolers.

The refrigeration coolers market is anticipated to garner a revenue of about US$ 5 Bn by 2027, with the factors mentioned above holding sway over the market.

Key Takeaways:

• Based on product type, medical refrigeration is likely to gain traction, thereby influencing the emerging trends in the refrigeration coolers market trends, given the rising graph of commercial refrigerators for sale in hospitals and other medical facilities, particularly in emerging economies.
• By application, the refrigeration coolers market is projected to be dominated by commercial applications owing to its wide array of applications. These coolers are helpful concerning commercial fridges, such as beverage fridges etc.
• By refrigerant type, ammonia is expected to lead the industrial refrigeration market as it is a common refrigerant in industrial refrigeration systems around the world and meets the low-GWP standard.
• As per the refrigeration coolers market outlook, the supermarket segment is estimated to account for the largest share of the global refrigeration market by end-use.
• The refrigerator coolers market is forecasted to reach US$ 3.6 Bn by mid-2022Request a Complete TOC @
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  Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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A new market research study by Future Market Insights on the analysisindustrial robotic motors market analysis  contains global industry analysis 2014–2021 and opportunity assessment 2022–2029. The report investigates the industrial robotic motors market, and provides critical insights for the forecast period of 2022-2029.

The global industrial robotic motors market is expected to grow significantly over the forecast period, owing to a number of driving factors such as high demand for robots across end-use industries, rapid growth of automation, and implementation of global energy-efficient norms, according to the report’s findings.

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The global industrial robotic motors market was valued at ~US$ 1.1 Bn in 2022, and is projected to increase at a CAGR of ~ 13.4% during the forecast period. This growth is significantly driven by the progressing automation in factories, installation of robots in a wide spectrum of service applications including healthcare, agriculture and defense, and implementation of modern robotic solutions.

The ongoing need for non-delay operations in a number of industries, in the view of rising product demand and shrinking workforce, has led to an incessant rise in the adoption of robotic technology, and the result is likely to lead to an increased demand for industrial robotic motors, according to the FMI analyst.

East Asia Continues to Offer Considerable Growth Opportunities

Growth prospects of the sales of  industrial robotic motors market are high in East Asia. The market in China has particularly been on a significant rise, owing to the fact that the robots are being incorporated in solutions as well as services. Substantial growth of the robot industry has been an eminent factor in the enhancement of industrial robotic motors in different sectors for South Korea. The rapid decrease in the workforce and the restricted influx of immigrants provide a strong incentive for robotics in Japan.

The inclination of these countries toward industrial robotic motors, fueled by major technology developments, is amplifying the market. In terms of growth, South Asia & Pacific region is estimated to project maximum growth rate in the coming years, owing to rapidly increasing automation in several manufacturing industries actively operating in the developing countries.

Market Growth Underpinned by Rapid Adoption of Robotics Across Numerous Industrial Sectors

The global industrial robotic motors market has been segmented based on the different types of Motor, Robots, Fit type, and regions such as East Asia, South Asia Pacific, Europe and Middle East & Africa and the Americas.

• Servo motor, under the motor category is expected to have the paramount share of market in the upcoming years. The segmental growth is followed by DC and stepper motors for handling certain procedures including pick and place where accuracy is not a prior parameter taken into consideration in the manufacturing operation.
• Based on robot, articulated robot is expected to account for a prominent share of the global industrial robotic motors market. This line of growth is followed by SCARA, Cartesian/Gantry, Dual arm, Collaborative and Delta robots respectively which are expected to have a fair portion in the market development.
• Based on fit type, first fit segment is expected to have a dominant share in the industrial robotic motors, owing to increasing rate of new installation of robots across the globe. The estimated life span of a motor used in industrial robots is around 5 years, therefore retro fit segment, is expected to account for a minimal in the market.

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Industrial Robotic Motors Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global industrial robotic motors market. Few examples of key players in the market are Nidec Corporation, FAULHABER Group, PMDM Group, HDD, Aurotek Corporation, Kollmorgen, Fanuc Corporation, ABB Group and Kawasaki Heavy Industries among others.

The global industrial robotic motors market is considerably dominated by prominent market participants. These players are indulging into strategic collaborations, alliances, mergers and acquisitions. For instance, Nidec Corporation announced its establishment to form a joint venture to manufacture automotive traction motors with a subsidiary of China-based Guangzhou Automobile Group Company.

Industrial Robotic Motors Market By Category

Motor Type:

• Servo Motor
• DC Motor
• Stepper Motor

Robot Type:

• SCARA Robot
• Delta Robot
• Cartesian/Gantry Robot
• Articulated Robot
• Collaborative Robot
• Dual Arm Robot

Fit Type:

• First Fit
• Retro Fit

Region:

• Americas
• East Asia
• South Asia & Pacific
• EMEA

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By the end of 2028, the market for industrial robotics growth is anticipated to reach US$ 96.82 billion. The market is expanding as there is an increasing focus on improving the productivity of high-volume production lines, particularly in the production of semi-conductors and electronic devices.

Sales in the global industrial robotics market are anticipated to reach US$ 33.75 Bn by 2022, increasing at a CAGR of 19.2% over the forecast period of 2022–2028, according to Future Market Insights (FMI).

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By 2022, East Asia is anticipated to represent more than two thirds of the global revenue for industrial robotics, making it the most lucrative market. Through 2028, the automotive and electronics industries are projected to hold a lion’s share of the global market based on end use category.

As per the findings of the report, the global industrial robotics market is projected to indicate substantial growth over the forecast period due to multiple driving factors such as adoption of Internet of Things (IoT) in industries and growing digitalization of manufacturing industry across geographies.

The global industrial robotics market was valued at ~US$ 17 Bn in 2018 and is estimated to increase at a CAGR of ~18% between the forecast periods of 2019 and 2029. This growth is driven by the increasing applications of industrial robotics in the automotive industry, electrical/electronics industry, and auxiliary industry, among others.

Furthermore, macroeconomic factors such as growing population, rapid industrialization, and urbanization, are some of the factors driving the growth of the industrial robotics market. The automotive industry in East Asia has gained a considerably positive momentum over the past years, which has increased the adoption SCARA robots and articulated robots in the manufacturing process and is estimated to indicate the rewarding growth of industrial robotics market in the East Asia region.

Automotive Industry to Remain Key End-use Industry of Industrial Robotics growth

The global market of industrial robotics has been segmented on the basis of different types of industrial robots, their multiple applications, end use industries, and regions such as North America, South Asia, Europe, East Asia, and the Rest of the World.

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Scope of the Report

By product type, the articulated robots segment is estimated to hold a significant share of the global industrial robotics market in terms of value. This has mainly resulted from the rising productivity in manufacturing processes and improving quality of products. On the basis of end use, the automotive industry is estimated to hold substantial market share of the industrial robotics market in terms of value. This is driven by digitalization of manufacturing processes. Moreover, it is expected that the application of industrial robotics in the electrical/electronics industry will be prominent throughout the forecast period.

On the basis of application, the handling operations segment is projected to consume majority share of the global industrial robotics market value. Also, the welding segment is estimated to project lucrative growth in the industrial robotics market over the forecast period.

Industrial Robotics Market growth by Category

By Product Type :

• SCARA Robots
• Delta Robots
• Cartesian Robots/ Gantry Robots
• Articulated Robots
• Collaborative Robots (limited segments)
• Dual-arm Robots

By Application :

• Assembly/Disassembly
• Clean Room
• Dispensing
• Handling Operations
• Processing/Cutting
• Welding
• Painting & Coating
• General Applications

By End Use :

• Automotive Industry
• Electrical/Electronics Industry
• Rubber & Plastics Industry
• Metal & Machinery
• Food & Beverages
• Plastic & Auxiliary Chemical Products
• Auxiliary Industries
• Bulk Commodities & Materials

By Region :

• North America
• Europe
• South Asia
• East Asia
• Rest of the World

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About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10-years.

Contact Us:

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The global building automation system market is expected to grow at a 7.8 percent CAGR during the forecast period. The increasing demand for energy-efficient facilities with enhanced security systems is driving the growth of the building automation system market demand. Furthermore, advances in wireless communication technologies have reduced the complexity and cost of installing building automation systems in existing structures.

According to a recent market survey conducted by ESOMAR-certified consulting firm Future Market Insights (FMI), the global building automation systems market will be worth $44.6 billion in 2021.

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Rapid advancements in building automation systems, coupled with the emergence of connective technologies such as artificial intelligence, machine learning, and cloud computing will continue augmenting market growth during the forecast period. FMI projects the market to grow at a healthy 7.8% CAGR between 2021 to 2031.

After buckling the impacts of the unprecedented COVID-19 outbreak, the global building automation systems market experienced year-over-year growth by 7.0% between 2020 and 2021.

Building automation systems allow machines and devices to communicate with one another in order to manage and streamline daily operations in the commercial, industrial, and residential sectors. BAS sales will continue to benefit from rising tenant demand for convenience and comfort in modern residential spaces.

Aside from that, the emergence of smart cities in a number of countries is increasing demand for building automation systems. These systems improve energy efficiency, water and gas supply, lighting, temperature control, and security and surveillance in both residential and commercial buildings.

“Government-backed initiatives to encourage the development of smart buildings, coupled with post-sales assistance and services offered by market players will positively shape the demand outlook in the building automation systems market,” says the FMI analyst.

Key Takeaways:

• Building automation system services are estimated to dominate the product segment.
• Sales of security and surveillance building automation systems will remain high through 2031.
• Applications of building automation systems in commercial sector will continue gaining momentum.
• The U.S. is expected to witness high demand for building automation systems, owing to expansions in the residential and commercial sector. FMI projects the North American market to grow at a positive 7.2% CAGR.
• Growth prospects in the U.K. are projected to be bright, due to stringent government regulations regarding energy efficiency and conservation. The European building automation systems market is poised to expand at a 7.0% CAGR.
• China will emerge as an attractive market, owing to government initiatives promoting the development of smart cities.
• South Korea and Japan will collectively account for 7% of the total market share.

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Competitive Landscape

Honeywell International, Schneider Electric, Siemens AG, ABB, Johnson Controls, Plc, Delta Electronics, Inc., Eaton Corporation, Bosch Rexroth, Emerson, AVASGLO Group, Signellent Technologies (India) Pvt. Ltd., Comnatz Thailand Company Ltd, Deos AG, MCS Automation Technology Company Ltd., and Philips Lighting are some prominent players operating in the building automation systems market profiled by FMI.

As per FMI’s analysis, top 5 players in the building automation systems market comprise Siemens AG, Honeywell International, ABB, Schneider Electric, and Johnson Controls, plc, accounting for 44% of the total market share.

As per FMI’s in-depth regional analysis, the U.S. is anticipated to witness high demand for building automation systems during the assessment period. Growth in commercial sector, coupled with penetration of building automation systems in schools, universities, hospitals, and entertainment centers are estimated to fuel market growth through 2031.

Building Automation Systems Market by Category

By Product Type:

• Hardware
• Software
• Services

By System Type:

• Security & Surveillance
• HVAC
• Lighting Solutions
• BEMS (Building Energy Management)

By Application Type:

• Commercial
• Residential
• Government

By Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East and Africa

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Future Market Insights, in its recent survey, states that the sales in the global consumer appliances market keytrends are estimated to rise at 4.3% CAGR over the forecast period from 2022 to 2029. As per FMI, Europe is anticipated to remain the most remunerating consumer appliances market, contributing nearly more than 1/4th of the overall sales through 2031. The U.S., Germany, China, and India are estimated to emerge as highly lucrative markets between 2022 and 2029.

2014-2021 Consumer Appliances Market Outlook in Comparison to 2022-2029 Growth Forecast

Over the past few years, the consumer electronics industry has witnessed rapid transformation with the launch of novel appliances such as food processors, kitchen appliances, home appliances, and others. Driven by this, the global consumer appliances market totaled US$ 383.8 Bn in 2021, growing at a CAGR of 3.9% between 2014 and 2021.

Increasing availability of devices enabling automation of day-to-day activities is drastically changing consumer preferences from general single-purpose electronic products to multi-purpose smart devices.

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As a result, leading consumer appliances manufacturers are increasingly focusing on developing novel multi-functional appliances devices to meet the surging demand. Driven by this, the sales in the global consumer appliances market are anticipated to spur at a CAGR of 4.3% during the forecast period.

Demand for advanced consumer appliances products and connected devices such as smart kitchen appliances is rapidly increasing in the household sector owing to surging investment towards building smart homes across developed countries such as the U.S. Germany, and Japan. This also is favoring the growth in the market.

Against this backdrop, key players in the market are increasingly investing in research and development activities for launching novel devices integrated with technologies such as artificial intelligence and the internet of things.

Competitive Landscape

Leading consumer appliances manufacturers are increasing investing in research and development activities for launching novel products to gain competitive edge in the highly competitive market. For instance,

In October 2018, LG Electronics Co. Ltd., a South Korea-based consumer electronics giant, announced expanding its product portfolio by introducing InstaView door-in-door refrigerators, featuring a glass panel that illuminates the refrigerator interior with 2 soft knocks on it. This has assisted the company to strengthen its position in the market.

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Consumer Appliances Market by Category

By Product Type :

• Kitchen Appliances
• Refrigerators
• Ranges and Ovens
• Microwave
• Conventional Grill
• Dishwashers
• Chimneys
• Electric Stove
• Induction Cooktops
• Small Appliances
• Hair Dryers
• Irons
• Toasters
• Bread Makers
• Coffee Machines
• Grinders & Mixers
• Food Processors
• Washing Machine
• Air Purifiers
• Water Heaters
• Water Purifiers
• Cloth Dryers/Tumbler
• Air Conditioners
• Vacuum Cleaners

By End Use :

• Domestic
• Professional
• Hotels
• Salon & Grooming Parlors
• Cafeteria & Restaurants
• Offices & Institute
• Others

By Sales Channel :

Offline

• Organized Retailer
• Unorganized

Online

• Company Direct Sales
• Independent Vendor/E Commerce

By Region :

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East and Africa

 

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About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor  the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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In 2022, sales in the world market for calibrators market size are anticipated to reach US$ 924.7 billion. By 2029, the market is anticipated to grow at a healthy 4.1% CAGR and reach US$ 1.2 billion in value.

Sales in this market are anticipated to be driven by the simple accessibility of a large number of calibrators depending on the function and form of the equipment to be calibrated.

Additionally, the market is likely to grow due to the expanding use of pressure calibrators to ensure the accuracy of various instruments and to raise the bar for product quality.

In addition, it is anticipated that the strong demand for multifunction calibrators from a variety of industry verticals, including semiconductor, automotive, and aerospace & defence, will support the expansion of this market. In addition, the growing usage.

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While all engineers need better measurements, certain industries drive the calibration equipment market — heavily regulated industries such as medical, pharmaceuticals, aerospace/defense, automotive, and food drive calibration.

In 2018, EE Times reported on how pharmaceutical and medical industries drive calibration when we visited a calibration lab.

While not as heavily regulated, electronics and semiconductors also need verifiable measurements that are traceable to national and international standards.

In electronics, electrical measurements include voltage, current, resistance, power, and frequency. Physical measurements include temperature, pressure, flow, and weight. Temperature is, by far, the most common measurement.

FMI reports that the market value for calibration equipment was US$833.1 million in 2018. According to the report, the market value will grow with a compound annual growth rate (CAGR) of 6.2% over the period from 2019 to 2027.

While temperature, pressure, and electrical calibration equipment continue to be the most popular, pressure calibrators make up the largest segment by dollar value.

The report breaks down the calibration equipment market by region and industry. That breaks down to North America, Europe, the Middle East, Japan, Asia Pacific, and Latin America.

According to the report, the top companies in calibration equipment are Fluke Calibration, Yokogawa, AMETEK, and General Electric. There are a host of other players such as Beamex and Extech. For a comprehensive list, see the NCSL International Symposium exhibitor list.

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Competition Landscape

Leading players in the global calibrators market are conducting exhaustive research and development activities to introduce cutting-edge multifunction calibrator solutions for a wide range of industries. Meanwhile, some of the other companies are expanding their geographic presence and distribution networks to strengthen their positions in the market.

A few others are engaging in joint ventures, partnerships, mergers, and acquisitions to accelerate production of digital calibrators for catering to the high demand from various industries.

For instance,

• In December 2021, Leuze Electronic, a specialist for innovative and practical solutions in the field of optical sensors for factory automation based in South Germany, launched novel sensors that do not need to be set up manually each time the product is changed. These can be connected via IO-Link that provides continuous monitoring and reproducible remote calibration. These features would make the sensor solutions ready for Industry 4.0 and easier to integrate these within novel packaging machines.
• In November 2021, AMETEK STC, a leading manufacturer and developer of calibration instruments headquartered in Denmark, introduced its latest JOFRA RTC-168 Reference Temperature Calibrator to help customers operating in the food and pharmaceutical industries in calibrating the sanitary sensors. The new product is equipped with an innovative design that would enable sanitary sensors with large flanges to come closer to the temperature uniformity zone quickly.

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About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Unit No: 1602-006
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Global sales of land survey equipment According to the latest FMI insights, are expected to be worth more over US$ 6.0 billion in 2021, with a consistent long-term forecast. According to the analysis, the market would grow at a CAGR of more than 7.80 percent between 2021 and 2031. According to the study, the global land survey equipment market is anticipated to be worth US$ 12.8 billion by 2031.

Level survey equipment systems are projected to stay prominent among available options. Meanwhile, demand for global positioning system (GPS) field survey equipment would rise by 6.7 percent CAGR in 2021.

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About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10-years.

Contact Us:

Future Market Insights, Inc
Unit No: 1602-006
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Plot No: JLT-PH2-X2A
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Dubai
United Arab Emirates
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