Global Industrial Automation Market Size To Grow At A CAGR Of 8% In The Forecast Period Of 2023-2028

The ‘Global Industrial Automation Market Size, Share, Price, Trends, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global industrial automation market, assessing the market on the basis of its segments like devices, control system, application, and major regions.

The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.

Industrial Automation Market Size, Share, Price, Trends, Growth, Key Players, Report and Forecast

The key highlights of the report include:

Market Overview (2018-2028)

• Forecast CAGR (2023-2028): 8%

The industrial automation market is driven by increased advancement in technologies like Internet of things (IoT) as it facilitates the development of efficient, cost-efficient, and responsive system architecture. Solutions for industrial IoT help connect industrial assets, enhance transparency, and boost efficiency. As a result, more businesses are using IoT solutions to automate manufacturing processes and improve the customer experience. Industrial IoT solutions use artificial intelligence, sophisticated analytics, edge computing, and cloud computing to analyse machine data and obtain valuable insights to maximise asset productivity and availability. Such rapid adoption of IoT solutions across different industries is expected to foster the market for industrial automation.

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Increased incorporation of varied human machine interfaces is another driver that is escalating the growth of the industrial automation market. Human machine interface (HMI) is a feature that enables operators to engage and control machinery using visual representations of the parts of a specific machine in industrial manufacturing and automation. HMI makes training considerably easier and give operators fast, intuitive insight since they often provide a visual depiction of the system being controlled. Almost any automation application, including access control, security, inventory management, and warehousing, can use industrial HMIs. There are multiple implementations of HMI in industrial automation like vehicle manufacturing, medical devices in healthcare facilities, electronics assembly lines and fabrics and textile, among others, which are growing the market for industrial automation.

Industrial Automation Industry Definition and Major Segments

Industrial automation is the use of tools like computer software and robotics to operate equipment and procedures which can replace humans for performing particular tasks. Manufacturing, quality control, and material handling procedures are common applications of industrial automation. The primary focus of industrial automation is raising productivity by extending work hours, minimising errors, and reducing the costs of maintain a large human workforce.

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On the basis of devices, the market is divided into:

• Machine Vision
• Robotics
• Sensors
• Motion and Drives
• Relays and Switches
• Others

Based on control system, the market is segmented into:

• Supervisory Control and Data Acquisition (SCADA)
• Distributed Control System (DCS)
• Programmable Logic Controller (PLC)
• Manufacturing Execution System (MES)
• Product Lifecycle Management (PLM)
• Enterprise Resource Planning (ERP)
• Human Machine Interface (HMI)
• Others

On the basis of application, the market is categorised into:

• Discrete Industry
  • Breakup by Industry
• Automotive
• Packaging
• Food processing
• Textile
• Others
• Process Industry
  • Breakup by Industry
• Chemical
• Power
• Oil and Gas
• Healthcare and Pharma
• Plastic
• Others

Based on region, the market is classified into:

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

Industrial Automation Market Trends

The increasing use of robotics in industrial automation market is one of the trends that is supporting the rapid growth of the market. Robotics is becoming a crucial component of industrial automation, allowing businesses to streamline operations, boost output, and cut labour expenses. Industrial robots are often programmed to carry out tasks requiring accuracy, speed, and precision. Robots are used for a variety of tasks, such as material handling, welding, painting, assembly, and packaging. Their importance in industrial automation is due to their capability to repair faults, adapt changes in the environment, and cooperate with human operators.

The expansion of the industrial automation market is also attributed to the increasing importance of cybersecurity in multiple companies and because of customer preference. Cybersecurity becomes crucial for companies and industries to safeguard manufacturing operations and these techniques guard against unauthorised access to industrial control systems. Furthermore, cybersecurity solutions stop data breaches and safeguard intellectually property, which is expensive and can pose threats to companies. Due to expanding need for cybersecurity, the industrial automation market is growing rapidly.

Key Market Players

The major players in the global industrial automation market report are:

• Siemens AG
• Emerson Electric Co.
• ABB Ltd.
• Rockwell Automation, Inc.
• Mitsubishi Electric Corporation
• Schneider Electric
• Texas Instruments Incorporated
• Others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

Media Contact:

Company Name: Claight Corporation

Contact Person: Anisha Luccas, Business Consultant

Email: sales@expertmarketresearch.com

Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790

Address: 30 North Gould Street, Sheridan, WY 82801, USA

Website: https://www.expertmarketresearch.com

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Global Waterjet Cutting Machines Market Size To Grow At A CAGR Of 6.30% In The Forecast Period Of 2023-2028

The ‘Global Waterjet Cutting Machines Market Size, Share, Price, Trends, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global waterjet cutting machines market, assessing the market based on its segments like waterjet types, product types, end uses, and major regions.

The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.

Waterjet Cutting Machines Market Size, Share, Price, Trends, Growth, Key Players, Report and Forecast

The key highlights of the report include:

Market Overview (2018-2028)

• Historical Market Size (2022): Over USD 1.15 Billion

• Forecast CAGR (2023-2028): 6.30%

Waterjet cutting machines are adaptable machines that have the ability to cut off uneven shapes from any material with enhanced accuracy and superior quality. This machine is made of three primary parts and uses a high-level force flow of water to wear down a thin line inside a piece of material.

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Roughly coated waterjet cutting machines can cut almost any form and width and involve bonded laminated materials like rubber-lined wear plates and aluminium compound plates. This technique of cutting is called the cold technique, which prevents heat deformation and toughened sides.

Waterjet cutting machines are used in the production of delicate metals and items that require additional machining once the cutting is done. Additionally, waterjet cutting machines offer exceptional quality of cutting and guaranteeing enhanced precision while eliminating the requirement for a second finishing touch.

The machine saves time and boosts the speed of the cutting procedure while enhancing the overall effectiveness. Such advantages are resulting in its increased usage, which, in turn, is fuelling the waterjet cutting machines market.

Waterjet cutting machines are widely used in various end-use sectors like automotive, aerospace, electronics, textiles, construction, and mining. These machines are utilised in the automobile sector to cut titanium and steel, along with other metals. They are also used to manufacture metal gaskets for vintage vehicles, disc brakes, clutches, and other elements for racing cars. Such extensive applications of the machine are anticipated to favour the waterjet cutting machines market in the forecast period.

Waterjet Cutting Machines Industry Definition and Major Segments

Waterjet cutting machines, also known as water jet or waterjet, are manufacturing devices that have the capability of cutting a broad range of materials. The machines utilise an enormous high-level pressure of water from jets or a combination of water and a rough or coarse material.

The abrasive jet used by these machines utilises a blend of water and abrasive matter to cut hard materials like metal, stone, and glass. The terms pure waterjet or water-only cutting, however, implies the waterjet cutting without using any additional abrasive components. Such methods are usually applied to cut softer materials like wood or rubber.

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Based on waterjet types, the global waterjet cutting machines market can be segmented into:

• Abrasive

• Non-Abrasive

On the basis of product types, the market is classified into:

• Robotic Waterjet Cutting

• Micro Waterjet Cutting

• 3D Waterjet Cutting

• Others

The major end uses of waterjet cutting machines include:

• Electronics

• Aerospace

• Automotive

• Construction

• Others

Based on regions, the market is divided into:

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

Waterjet Cutting Machines Market Trends

The waterjet cutting process is widely implemented in several sectors owing to its flexibility in cutting distinct materials, such as metals, glass, and compounds. Various sectors are also using waterjet cutting machines to cut thicker materials with great accuracy. Hence, the versatility of the machines is stimulating the waterjet cutting machines market.

Technological advancements in waterjet cutting machines (WCM) to execute automation for quicker and enhanced cutting procedures are likely to aid the market. The development of accurate and robotic WCMs to increase the speed of output in diverse end-use sectors is anticipated to support the market in the coming years.

The automobile sector is progressively using advanced WCMs owing to their flexibility and precision benefits. Advanced and automated WCMs enable automobile firms to manufacture their commodities at a higher speed with more accuracy, which is anticipated to further drive the progress of the waterjet cutting machines market.

Geographically, the Asia Pacific region is expected to represent a significant market share in the global waterjet cutting machines market. This is primarily due to improving economies and rapid industrialisation, specifically in China, India, and South Korea. On the other hand, West Europe has also contributed substantially to the European WCM market owing to innovations and advancements in technology and increasing usage of sustainable technologies in the region.

Key Market Players

The major players in the global waterjet cutting machines market are:

• OMAX Corporation

• Flow International Corporation

• Hypertherm, Inc.

• Koike Aronson, Inc.

• Jekran Ltd.

• Jet Edge Inc.

• Others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

Media Contact:

Company Name: Claight Corporation

Contact Person: Anisha Luccas, Business Consultant

Email: sales@expertmarketresearch.com

Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790

Address: 30 North Gould Street, Sheridan, WY 82801, USA

Website: https://www.expertmarketresearch.com

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Horizontal Directional Drilling Market: Size, Share, Price, Growth, Report, Demand 2023-2028

Market Outlook:

According to a new report by Expert Market Research titled “Global Horizontal Directional Drilling Market Size, Share, Analysis, Report, Demand, Forecast 2023-2028″, the global horizontal directional drilling market was valued at USD 8.86 billion in 2021 and is expected to reach USD 13.27 billion by 2028, growing at a CAGR of 6.8% during the forecast period. North America dominates the horizontal directional drilling market with a share of 37.6% in 2020, followed by Asia-Pacific and Europe with shares of 29.1% and 24.4%, respectively.

Price Analysis:

The price of a horizontal directional drilling rig varies depending on the type, size, and features. A small HDD rig can cost between USD 100,000 and USD 300,000, while a high-capacity HDD rig can cost up to USD 1 million or more. In addition, the cost of drilling accessories, such as drill bits, reamers, and mud systems, must be considered.

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Growth Drivers:

The growth of the horizontal directional drilling market is driven by several factors. First, the increasing demand for efficient and cost-effective methods of underground infrastructure installation is driving market growth. Second, the aging water and wastewater infrastructure in developed countries is driving demand for pipeline replacement and rehabilitation using trenchless methods. Third, the increasing demand for oil and gas exploration and production in unconventional and remote locations is driving demand for HDD services.

Trends:

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One of the key trends in the horizontal directional drilling market is the increasing use of advanced HDD technologies such as real-time tracking, steering, and monitoring systems. These technologies allow operators to accurately drill and steer the bore path, reducing the risk of drilling errors and damage to existing infrastructure. Another trend is the increasing adoption of environmentally friendly drilling fluids and drilling waste management practices to reduce the environmental impact of drilling operations.

Analysis:

Based on application, the global horizontal directional drilling market is segmented into oil and gas, water and wastewater, telecommunications, and others. The water and wastewater segment accounted for the largest share of the market in 2020, driven by the increasing need for pipeline replacement and rehabilitation using trenchless methods. Based on end-user, the market is segmented into contractors, oilfield service companies, and others. The contractors segment accounted for the largest share of the market in 2020, driven by the increasing demand for HDD services in various industries and applications.

Demand:

The demand for horizontal directional drilling services is expected to continue to grow, driven by increasing demand for efficient and cost-effective methods of underground infrastructure installation. The oil and gas sector is expected to drive demand for HDD services, driven by the increasing demand for oil and gas exploration and production in unconventional and remote locations. The water and wastewater sector is also expected to drive demand for HDD services, driven by the increasing need for pipeline replacement and rehabilitation using trenchless methods.

Research:

The horizontal directional drilling market is highly competitive, with a large number of players operating in the market. Key players in the market include Halliburton Company, Schlumberger Limited, Baker Hughes Company, National Oilwell Varco, and Weatherford International plc. These companies are focusing on research and development to develop new and advanced HDD technologies and to improve the efficiency and reliability of their products. They are also adopting strategies such as strategic partnerships, collaborations, and mergers and acquisitions to expand their market share and geographical presence.

Forecast:

The global horizontal directional drilling market is expected to continue to grow over the forecast period, driven by increasing demand for efficient and cost-effective methods of underground infrastructure installation. The water and wastewater sector is expected to be the largest application segment of the market, driven by the increasing need for pipeline replacement and rehabilitation using trenchless methods. North America is expected to remain the largest regional market for HDD services, driven by the increasing demand for oil and gas exploration and production in unconventional and remote locations.

FAQs:

Q: What is horizontal directional drilling?
A: Horizontal directional drilling (HDD) is a technique used in the construction industry to install underground pipes, cables, and conduits without disrupting the surface above.

Q: What is driving the growth of the HDD market between 2023-2028?
A: The increasing demand for HDD services in the oil and gas industry, urbanization, and growing demand for infrastructure development are expected to drive the growth of the HDD market between 2023-2028.

Q: What are the advantages of HDD over traditional methods of drilling?
A: HDD offers several advantages over traditional drilling methods, such as reduced environmental impact, lower cost, and greater precision in underground installations.

Q: What factors may hinder the growth of the HDD market in the coming years?
A: Factors such as high initial investment, lack of skilled professionals, and strict government regulations may pose challenges to the growth of the HDD market in the coming years.

Q: What is the expected market size of the HDD industry in 2028?
A: The HDD market is expected to reach a size of USD 13.27 billion by 2028.

Q: Which regions are expected to see the highest growth in the HDD market between 2023-2028?
A: The Asia-Pacific region is expected to see the highest growth in the HDD market between 2023-2028, followed by North America and Europe.

Q: What are the key players operating in the HDD market?
A: The key players operating in the HDD market include Vermeer Corporation, Ditch Witch, American Augers, Herrenknecht AG, and Toro Company.

Q: What are the applications of HDD?
A: HDD is used for the installation of pipelines, telecommunication cables, power cables, and fiber optics.

Q: How does HDD help in reducing the environmental impact of drilling?
A: HDD reduces the environmental impact of drilling by minimizing the disturbance of the soil, reducing the risk of groundwater contamination, and preserving the natural landscape.

Q: What technological advancements are expected to shape the future of the HDD market?
A: Technological advancements such as the development of advanced sensors, real-time monitoring systems, and the use of automation and robotics are expected to shape the future of the HDD market.

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About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

Media Contact:

Company Name: Claight Corporation
Contact Person: Edward Dugger, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com
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Global Palletizer Market 2023-2028: Size, Share, Price and Forecast Insights

Market Outlook:

The palletizer market worldwide is expected to experience growth from USD 2.66 billion in 2022 to USD 3.59 billion by 2028, with a CAGR of 5.3% during the forecast period from 2023 to 2028.

The Global Palletizer Market Analysis (2023-2028) report offers a comprehensive evaluation of the market, encompassing its size, share, price, growth, trends, demand, and forecast. It provides an in-depth analysis of the market drivers, restraints, opportunities, and competitive landscape, as well as a thorough examination of key industry players and their strategies.

Palletizers are industrial machines used to stack goods onto pallets in an organized manner, making it easier to transport and store products. These machines have become integral to various industries, including food & beverages, pharmaceuticals, consumer goods, and logistics. The global palletizer market is expected to witness significant growth during the forecast period, driven by factors such as the increasing need for automation, rising demand for efficient material handling, and the growing e-commerce sector.

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Market Segmentation

The report segments the global palletizer market based on type, application, end-use industry, and region.

By type:

• Conventional Palletizers
• High-level Palletizers
• Low-level Palletizers
• Robotic Palletizers
• Articulated Arm Robots
• Gantry Robots

By application:

• Bag Palletizing
• Case Palletizing
• Bulk Palletizing

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By end-use industry:

• Food & Beverage
• Pharmaceuticals
• Consumer Goods
• Logistics & Warehousing
• Others

By region:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa
• Key Market Drivers and Restraints

Market Drivers:

• Increasing demand for automation in various industries
• Rising need for efficient material handling solutions
• Growth of the e-commerce sector
• Technological advancements in palletizing systems

Market Restraints:

• High initial investment and maintenance costs
• Limited skilled workforce for operating advanced palletizers
• Integration challenges with existing systems

Competitive Landscape

The report provides a detailed analysis of key players operating in the global palletizer market, including ABB Ltd., KUKA AG, FANUC Corporation, Honeywell Intelligrated, Columbia Machine, Inc., Premier Tech Chronos, BEUMER Group, and others. The competitive landscape section includes information on company overview, product portfolio, financial performance, recent developments, and strategic initiatives.

Market Forecast

The global palletizer market is projected to experience significant growth during the forecast period (2023-2028), driven by the increasing adoption of automation, the growing need for efficient material handling, and the expanding e-commerce sector. The report offers a comprehensive analysis of market trends, growth drivers, restraints, and opportunities, along with detailed forecasts for each segment and region.

FAQs:

Q: What is the primary driver for the growth of the global Palletizer Market between 2023 and 2028?
A: The primary driver for growth is the increasing demand for automation in various industries, coupled with the rising need for efficient material handling solutions.

Q: What are the key segments in the global Palletizer Market?
A: The key segments include type (conventional and robotic palletizers), application (bag, case, and bulk palletizing), end-use industry (food & beverage, pharmaceuticals, consumer goods, etc.), and region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa).

Q: Which type of palletizer is expected to witness the highest growth during the forecast period?
A: Robotic palletizers are anticipated to witness the highest growth due to their flexibility, precision, and efficiency compared to conventional palletizers.

Q: What are the major challenges faced by the global Palletizer Market?
A: The major challenges include high initial investment and maintenance costs, limited skilled workforce for operating advanced palletizers, and integration challenges with existing systems.

Q: How is the growth of the e-commerce sector influencing the global Palletizer Market?
A: The growth of the e-commerce sector is driving the demand for efficient material handling solutions, including palletizers, to streamline logistics and warehousing operations.

Q: Who are the key players in the global Palletizer Market?
A: Key players include ABB Ltd., KUKA AG, FANUC Corporation, Honeywell Intelligrated, Columbia Machine, Inc., Premier Tech Chronos, BEUMER Group, and others.

Q: Which end-use industry is likely to witness the highest demand for palletizers during the forecast period?
A: The food & beverage industry is expected to witness the highest demand due to the need for efficient material handling solutions to maintain product quality and safety.

Q: How are technological advancements impacting the global Palletizer Market?
A: Technological advancements are driving the development of more sophisticated and efficient palletizing systems, enabling industries to optimize their material handling processes.

Q: Which region is expected to lead the global Palletizer Market in terms of growth?
A: Asia-Pacific is anticipated to lead the market in terms of growth, owing to rapid industrialization, the growing e-commerce sector, and increasing adoption of automation in the region.

Q: How will the competitive landscape evolve during the forecast period?
A: The competitive landscape will see increasing collaborations, mergers, and acquisitions among key players to strengthen their market positions and expand their product offerings. Additionally, companies will focus on research and development to introduce innovative palletizing solutions.

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Media Contact:

Company Name: Claight Corporation
Contact Person: Edward Dugger, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com
LinkedIn:- https://www.linkedin.com/company/expert-market-research

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