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Industrial Automation Control Market size to grow by USD 39.34 billion from 2022 to 2027, The increasing focus on smart factories to drive the growth- Technavio

Retrieved on: 
Thursday, October 19, 2023

NEW YORK, Oct. 18, 2023 /PRNewswire/ -- The industrial automation control market is expected to grow by USD 39.34 billion from 2022 to 2027.

Key Points: 
  • NEW YORK, Oct. 18, 2023 /PRNewswire/ -- The industrial automation control market is expected to grow by USD 39.34 billion from 2022 to 2027.
  • Explore detailed information by purchasing a report
    The increasing focus on smart factories is a key factor driving market growth.
  • Virtualization of industrial automation control systems with software known as hypervisors, which create and operate a virtual machine can be achieved.
  • The substation automation market size is estimated to grow at a CAGR of 6.47% between 2022 and 2027.

Industrial Automation Services Market size to grow by USD 74.36 billion from 2022 to 2027, Increasing focus on predictive maintenance boosts the market - Technavio

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Thursday, October 19, 2023

NEW YORK, Oct. 18, 2023 /PRNewswire/ -- The industrial automation services market size is expected to grow by USD 74.36 billion between 2022 and 2027.

Key Points: 
  • NEW YORK, Oct. 18, 2023 /PRNewswire/ -- The industrial automation services market size is expected to grow by USD 74.36 billion between 2022 and 2027.
  • Explore detailed information by purchasing report
    The increasing focus on predictive maintenance drives the market growth.
  • There is an increasing demand for IoT-enabled devices due to the need for data collection and analysis to address challenging maintenance tasks.
  • The strategy consulting market is estimated to grow at a CAGR of 17.63% between 2022 and 2027 and the size of the market is forecast to increase by USD 70.08 billion.

Remote Monitoring Segment Leads with 9.3% CAGR, While Industrial Multiprotocol Gateways Market Expands at 8.4% CAGR

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Tuesday, October 17, 2023

DUBLIN, Oct. 16, 2023 /PRNewswire/ -- The "Industrial Multiprotocol Gateways - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Oct. 16, 2023 /PRNewswire/ -- The "Industrial Multiprotocol Gateways - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
  • The global market for Industrial Multiprotocol Gateways is experiencing substantial growth, with an estimated value of US$295.9 million in 2022.
  • The Remote Monitoring segment is poised to record a CAGR of 9.3% and is expected to reach US$291.9 million by the end of the analysis period, while the Preventive Maintenance segment is estimated to grow at a CAGR of 7.1% over the next eight years.
  • The Industrial Multiprotocol Gateways market in the U.S. is estimated at US$86.6 million in 2022.

Commercial Sector Set to Lead Energy as a Service (EaaS) Market Growth with 8.95% CAGR, While Smart Grids and Advanced Engineering Drive Trends - ResearchAndMarkets.com

Retrieved on: 
Thursday, October 12, 2023

Energy as a service (EaaS) is a transformative solution that promotes the adoption of advanced, low-carbon technologies.

Key Points: 
  • Energy as a service (EaaS) is a transformative solution that promotes the adoption of advanced, low-carbon technologies.
  • By Service Type: The global energy as a service market is segmented into three key service types: Energy Supply Services, Operational and Maintenance Services, and Energy Efficiency & Optimization Services.
  • The region is witnessing increased investments in smart energy infrastructure, renewable energy sources, and urbanization, driving market growth.
  • Consequently, the installation of smart grids is expected to increase in the coming years, further boosting the growth of the EaaS market.

Global Building Energy Management System Market to Reach $6.60 Billion in 2023, Fueled by Surging Urbanization and Smart Technology Adoption - ResearchAndMarkets.com

Retrieved on: 
Thursday, October 12, 2023

The global building energy management system (BEMS) market is on the brink of significant expansion, with an estimated value set to soar to US$6.60 billion by 2023.

Key Points: 
  • The global building energy management system (BEMS) market is on the brink of significant expansion, with an estimated value set to soar to US$6.60 billion by 2023.
  • BEMS is a versatile system encompassing hardware, software, and services designed to optimize energy management through innovative strategies, including information and communication technology.
  • By Component: The global BEMS market is segmented into three components: Services, Software, and Hardware.
  • The global BEMS market is moderately fragmented, with numerous small- and medium-sized manufacturers contributing significantly to the revenue.

Brightly Shines with Dual Regional Accolades

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Thursday, October 5, 2023

Brightly Software , the global leader in intelligent asset management solutions, was recognized by two prestigious awards honoring successful companies in North Carolina.

Key Points: 
  • Brightly Software , the global leader in intelligent asset management solutions, was recognized by two prestigious awards honoring successful companies in North Carolina.
  • “We’re proud to receive this honor, especially as one of the few SaaS technology companies on this year’s list,” said Kevin Kemmerer, chief executive officer at Brightly.
  • This nomination reaffirms our commitment to pushing the boundaries of technology in Cary and beyond,” said Erikka Buracchio, chief people officer at Brightly.
  • While expanding its global footprint, Brightly remains deeply committed to the communities where its employees reside and work.

Healthcare Education Solutions Market size to grow by USD 5.30 billion from 2022 to 2027 | Market is fragmented due to the presence of prominent companies like 3M Co., B.Braun SE and Becton Dickinson and Co., and many more

Retrieved on: 
Thursday, October 12, 2023

The healthcare education solutions market is fragmented owing to the presence of many global and regional companies.

Key Points: 
  • The healthcare education solutions market is fragmented owing to the presence of many global and regional companies.
  • Healthcare Education Solutions Market 2023 – 2027: Geographical Analysis:
    North America is anticipated to account for a significant 32% share in the global market growth during the forecast period.
  • The healthcare education solutions market in North America is mainly driven by the presence of advanced and mature healthcare industries, especially in developed countries like the US and Canada.
  • Healthcare Education Solutions Market 2023 – 2027: Market Dynamics
    Healthcare Education Solutions Market 2023 – 2027: Market Segmentation

Industrial Automation Software Market to grow by USD 5.25 billion between 2022 - 2027, Growth Driven by the Need to reduce overall operational expenses - Technavio

Retrieved on: 
Tuesday, October 10, 2023

The potential growth difference for the industrial automation software market between 2022 and 2027 is USD 5.25 billion.

Key Points: 
  • The potential growth difference for the industrial automation software market between 2022 and 2027 is USD 5.25 billion.
  • The emergence of automation software solutions on the cloud is identified as one of the major growth drivers in the market.
  • Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more.
  • The field force automation market size is estimated to grow at a CAGR of 17.32% between 2022 and 2027.

India - Electrical equipment market size to grow by USD 52.98 billion from 2022 to 2027 | Increase in investments in the power sector to boost market growth- Technavio

Retrieved on: 
Tuesday, October 10, 2023

NEW YORK, Oct. 10, 2023 /PRNewswire/ -- The India - electrical equipment market size is expected to grow by USD 52.98 billion from 2022 and 2027.

Key Points: 
  • NEW YORK, Oct. 10, 2023 /PRNewswire/ -- The India - electrical equipment market size is expected to grow by USD 52.98 billion from 2022 and 2027.
  • Increase in investments in the power sector is the key factor driving the growth of the market.
  • Additionally, demand for electrical products in the region is expected to increase due to growth in the energy sector.
  • Thus, increasing usage opportunities of electrical equipment in India will drive market growth during the forecast period.

Temperature Sensor Market to grow by USD 1.96 billion from 2022 to 2027 | Increasing demand for temperature sensors in medical applications to boost the market - Technavio

Retrieved on: 
Tuesday, October 10, 2023

NEW YORK, Oct. 10, 2023 /PRNewswire/ -- The temperature sensor market size is expected to grow by USD 1.96 billion between 2022 and 2027.

Key Points: 
  • NEW YORK, Oct. 10, 2023 /PRNewswire/ -- The temperature sensor market size is expected to grow by USD 1.96 billion between 2022 and 2027.
  • Increasing demand for temperature sensors in medical applications drives the market growth.
  • Therefore, the increasing use of temperature sensors in healthcare applications is expected to boost the growth of the global market during the forecast period.
  • The dissolved air flotation (DAF) systems market size is estimated to grow at a CAGR of 3.2% between 2022 and 2027.