Honeywell

Access Control Market worth $15.2 billion by 2029 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Tuesday, February 13, 2024

Cards are used as credentials to verify user identity and decide whether to provide access (also the appropriate level of access).

Key Points: 
  • Cards are used as credentials to verify user identity and decide whether to provide access (also the appropriate level of access).
  • Hosted access control as a service market segment is expected to hold the largest market share during the forecast period.
  • Commercial segment is expected to witness the second highest CAGR in the access control market during the forecast period.
  • Moreover, access control systems manage employee and visitor access to different departments, secure confidential information, and comply with industry regulations.

HONEYWELL TECHNOLOGY TO POWER THE WORLD'S FIRST COMMERCIAL SCALE LIQUID ORGANIC HYDROGEN CARRIER PROJECT

Retrieved on: 
Tuesday, February 13, 2024

CHARLOTTE, N.C., Feb. 13, 2024 /PRNewswire/ -- Honeywell today announced that ENEOS, a leading energy company in Japan, will develop the world's first commercial scale Liquid Organic Hydrogen Carrier (LOHC) project using Honeywell's solution at multiple sites.

Key Points: 
  • The project supports Honeywell's alignment of its portfolio to three compelling megatrends: automation, the future of aviation and energy transition.
  • "By providing solutions to help overcome the challenges of hydrogen transportation, Honeywell is supporting ENEOS in transitioning to a hydrogen-powered future."
  • In the Honeywell LOHC solution, hydrogen gas is combined chemically through the Honeywell Toluene Hydrogenation process into methylcyclohexane (MCH) – a convenient liquid carrier – compatible with existing infrastructure.
  • Current solutions available for transporting hydrogen include liquifying the hydrogen and using chemical carriers such as ammonia, each of which requires additional infrastructure to produce and transport hydrogen.

IoT Sensors Market worth $70.1 billion by 2029 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, February 12, 2024

The temperature sensors segment is expected to have the highest growth in Asia Pacific.

Key Points: 
  • The temperature sensors segment is expected to have the highest growth in Asia Pacific.
  • Temperature sensors are crucial in automating various processes and optimizing resource usage across industries.
  • The market for the Industrial IoT vertical to hold a significant share of the IoT sensors market in 2023.
  • In China, IoT sensors industry have been preliminarily deployed for city management applications.

IoT Sensors Market worth $70.1 billion by 2029 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, February 12, 2024

The temperature sensors segment is expected to have the highest growth in Asia Pacific.

Key Points: 
  • The temperature sensors segment is expected to have the highest growth in Asia Pacific.
  • Temperature sensors are crucial in automating various processes and optimizing resource usage across industries.
  • The market for the Industrial IoT vertical to hold a significant share of the IoT sensors market in 2023.
  • In China, IoT sensors industry have been preliminarily deployed for city management applications.

Identiq Awarded Top Innovation in Renowned 2024 Edison Awards™

Retrieved on: 
Thursday, February 8, 2024

TEL AVIV, Israel, Feb. 8, 2024 /PRNewswire/ -- Identiq's Private Network for Identity and Trust has won the 2024 Edison Award as a top innovation for setting the new standard for risk-based decisions in a fully private environment. The Edison Awards™ recognizes some of the world's most innovative products and business leaders and honors product and service innovation excellence. Past winners include Apple, Moderna, Deloitte, Intel, Honeywell, HP, and 3M.

Key Points: 
  • TEL AVIV, Israel, Feb. 8, 2024 /PRNewswire/ -- Identiq's Private Network for Identity and Trust has won the 2024 Edison Award as a top innovation for setting the new standard for risk-based decisions in a fully private environment.
  • The Edison Awards™ recognizes some of the world's most innovative products and business leaders and honors product and service innovation excellence.
  • A steering committee and an executive judging body review Edison Awards nominations.
  • The panel comprises over 2,000 senior business executives and academics from product development, design, engineering, science, marketing, and education, as well as past winners.

Airport Automation Market to Reach $19.6 Billion, Globally, by 2032 at 6.4% CAGR: Allied Market Research

Retrieved on: 
Thursday, February 8, 2024

PORTLAND, Ore., Feb. 7, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Airport Automation Market by System (Data Acquisition and Communication, Automation and Control, Data Storage, and Software and Solution), Application (Baggage Handling and Tracking, Ground Transportation and Parking, Retail and Dinning, Facility Management, Passenger Service and Assistance, Emergency Response and Safety, Ground Support Equipment, Air Traffic Management, Airfield Management, and Others), Airport Side (Land Side and Air Side), End Market (Greenfield and Brownfield), and Automation Level (Level 1.0, Level 2.0, Level 3.0, and Level 4.0): Global Opportunity Analysis and Industry Forecast, 2023–2032.

Key Points: 
  • Moreover, the conflict between Russia and Ukraine could have an impact on plans for infrastructure development in the impacted areas.
  • The automation and control segment to maintain its leadership status during the forecast period.
  • Key Highlights of the Airport Automation Industry Report:
    Comprehensive analysis spanning over 16 countries, featuring country-wise value breakdown ($ million) for 2022-2032.
  • Thorough review of 3,700+ product literature, annual reports, industry statements, and materials from major industry players, enhancing market understanding.

Airport Automation Market to Reach $19.6 Billion, Globally, by 2032 at 6.4% CAGR: Allied Market Research

Retrieved on: 
Thursday, February 8, 2024

PORTLAND, Ore., Feb. 7, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Airport Automation Market by System (Data Acquisition and Communication, Automation and Control, Data Storage, and Software and Solution), Application (Baggage Handling and Tracking, Ground Transportation and Parking, Retail and Dinning, Facility Management, Passenger Service and Assistance, Emergency Response and Safety, Ground Support Equipment, Air Traffic Management, Airfield Management, and Others), Airport Side (Land Side and Air Side), End Market (Greenfield and Brownfield), and Automation Level (Level 1.0, Level 2.0, Level 3.0, and Level 4.0): Global Opportunity Analysis and Industry Forecast, 2023–2032.

Key Points: 
  • Moreover, the conflict between Russia and Ukraine could have an impact on plans for infrastructure development in the impacted areas.
  • The automation and control segment to maintain its leadership status during the forecast period.
  • Key Highlights of the Airport Automation Industry Report:
    Comprehensive analysis spanning over 16 countries, featuring country-wise value breakdown ($ million) for 2022-2032.
  • Thorough review of 3,700+ product literature, annual reports, industry statements, and materials from major industry players, enhancing market understanding.

Machine Safety Market worth $7.0 billion by 2029 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, February 7, 2024

The Machine Safety Systems market is thriving with the surge in automation, strict safety standards, and a heightened focus on workplace safety.

Key Points: 
  • The Machine Safety Systems market is thriving with the surge in automation, strict safety standards, and a heightened focus on workplace safety.
  • The Programmable Safety Systems market is experiencing robust growth owing to escalating automation trends and stringent safety norms.
  • Asia Pacific is expected to grow at the highest CAGR in the Machine safety market from 2024 to 2029.
  • In the Asia-Pacific region, the Machine Safety industry is experiencing significant growth, propelled by rapid industrialization, heightened automation, and increased attention to worker safety.

Machine Safety Market worth $7.0 billion by 2029 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, February 7, 2024

The Machine Safety Systems market is thriving with the surge in automation, strict safety standards, and a heightened focus on workplace safety.

Key Points: 
  • The Machine Safety Systems market is thriving with the surge in automation, strict safety standards, and a heightened focus on workplace safety.
  • The Programmable Safety Systems market is experiencing robust growth owing to escalating automation trends and stringent safety norms.
  • Asia Pacific is expected to grow at the highest CAGR in the Machine safety market from 2024 to 2029.
  • In the Asia-Pacific region, the Machine Safety industry is experiencing significant growth, propelled by rapid industrialization, heightened automation, and increased attention to worker safety.

Robotics market set to grow by USD 22.27 billion from 2022-2027; The government initiatives in Europe to be a major trend - Technavio

Retrieved on: 
Tuesday, February 6, 2024

NEW YORK, Feb. 6, 2024 /PRNewswire/ -- The global robotics market size is estimated to grow by USD 22.27 billion from 2022 to 2027, according to Technavio.

Key Points: 
  • NEW YORK, Feb. 6, 2024 /PRNewswire/ -- The global robotics market size is estimated to grow by USD 22.27 billion from 2022 to 2027, according to Technavio.
  • Government initiatives in Europe, particularly through programs like Horizon 2020, are set to propel the global robotics market growth.
  • The warehouse Robotics Market is projected to grow by USD 4.1 billion with a CAGR of 13.31% during the forecast period 2021 to 2026.
  • The aerospace robotics market size is estimated to grow at a CAGR of 9.2% between 2023 and 2027.