Manufacturers today, seek to transform their operations of global business processes across their value chain by automating, executing and managing their processes. This means, an end-to-end integration of processes across operations is needed- regar ....see more
The global functional safety market is expected to grow from USD 5,883.4 million by 2024 to USD 7,896.7 million by 2029, at a compound annual growth rate (CAGR) of 6.1% during the forecast period.The key players Schneider Electric (France), ABB (Switzerland), Honeywell International Inc. (US), Emerson Electric Co. (US), Rockwell Automation (US), Yokogawa Electric Corporation (Japan), HIMA (Germany), Omron Corporation (Japan), Siemens (Germany), and General Electric (US).
The ultrasonic testing market is expected to grow from USD 2.92 billion in 2024 to USD 4.60 billion by 2029, at a compound annual growth rate (CAGR) of 9.5% during the forecast period.The key players Baker Hughes Company (US), EVIDENT (Japan), Eddyfi (Canada), Sonatest (US), NDT Systems Inc (US), SGS SOCIETE GENERALE DE SURVEILLANCE SA. (Switzerland), Intertek Group plc (UK), MISTRAS Group (US), DEKRA (Germany), Applus+ (Spain), TÜV Rheinland (Germany), Element Materials Technology (UK), Acoustic Control Systems (Germany), Amerapex Corporation (US), Ashtead Technology (Scotland), Acuren (US), Modsonic Instruments Mfg. Co. (P) Ltd. (India), SONOTEC GmbH (Germany), Applied Technical Services (US), Nexxis (Australia), Vertech Group (Australia), Guided Ultrasonics Ltd. (US), IRISNDT (Canada), Nanjing BKN Automation System Co., Ltd. (China), and OKOndt GROUP (US).
The global automated guided vehicle market is expected to grow from USD 2.56 billion in 2024 to USD 3.78 billion in 2029, at a compound annual growth rate (CAGR) of 8.1% during the forecast period.The kay players Daifuku Co., Ltd. (Japan), JBT (US), KION Group AG (Germany), Toyota Industries Corporation (Japan), and KUKA AG (Germany).
The global steam trap market is expected to grow from USD 4.57 billion by 2024 to USD 5.57 billion by 2029, at a compound annual growth rate (CAGR) of 4.1% during the forecast period.The key players Spirax Group plc (UK), Emerson Electric Co. (US), Thermax Limited (India), SLB (US), Velan Inc. (Canada), Watts (US), Armstrong International Inc. (US), TLV CO., LTD. (Japan), Forbes Marshall (India), Xylem (US).
The global industrial control & factory automation market is expected to grow from USD 255.88 billion by 2024 to USD 399.12 billion by 2029, at a compound annual growth rate (CAGR) of 9.3% during the forecast period.The key players ABB (Switzerland), Emerson Electric Co. (US), General Electric (US), Honeywell International Inc. (US), and Siemens (Germany).
The global Industrial Valve market is expected to grow from USD 95.58 billion by 2024 to USD 121.67 billion by 2029, at a compound annual growth rate (CAGR) of 4.9% during the forecast period.The key players include Emerson Electric Co. (US), SLB (US), Flowserve Corporation (US), IMI (UK), and Crane Company.
The OTA Testing market is expected to grow from USD 2.23 billion in 2024 to USD 3.17 billion by 2029, at a compound annual growth rate (CAGR) of 7.3% during the forecast period.The key players Rhode & Schwarz (Germany), Keysight Technologies (US), Anritsu (Japan), SGS SA (Switzerland), Intertek Group plc (UK), National Instruments (US), UL LLC (US), Spirent Communications (UK), Bureau Veritas (France), and Eurofins Scientific (Luxembourg).
The global mass flow controller market is expected to grow from USD 1.63 billion in 2024 to USD 2.32 billion by 2029, at a compound annual growth rate (CAGR) of 7.2% during the forecast period.The key players HORIBA, Ltd. (Japan), Sensirion AG (Switzerland), MKS Instruments (US) Teledyne Technologies Incorporated (US), and Bronkhorst (Netherlands).
The global vibration monitoring market is expected to grow from USD 1.85 billion in 2024 to USD 2.69 billion by 2029, at a compound annual growth rate (CAGR) of 7.8% during the forecast period.The key players Baker Hughes Company (US), Emerson Electric Co. (US), SKF (Sweden), Schaeffler AG (Germany), Parker Hannifin Corp (US).
The global process automation and instrumentation market size is expected to reach USD 86.6 billion by 2027, at a CAGR of 5.5% during the forecast period. Major companies operating in this process automation and instrumentation market include ABB Ltd. (Switzerland), Emerson Electric Co. (US), Siemens (Germany), General Electric Company (US), and Schneider Electric (France).
The HVAC system market is expected to grow from USD 281.7 billion in 2024 to USD 389.9 billion by 2029, at a compound annual growth rate (CAGR) of 6.7% during the forecast period.The key players DAIKIN INDUSTRIES (Japan), Johnson Controls (Ireland), LG Electronics (South Korea), Midea (China), Carrier (US).
The global 3D motion capture system market is expected to grow from USD 240 million in 2024 to USD 484 million by 2029, at a compound annual growth rate (CAGR) of 15.0% during the forecast period.The key players Vicon Motion Systems Ltd (UK), OptiTrack (US), Movella Inc. (US), Motion Analysis Corporation (US), Qualisys AB (Sweden).
The global Automated Material handling Equipment market is expected to grow from USD 33.3 billion in 2024 to USD 51.0 billion by 2029, at a compound annual growth rate (CAGR) of 8.9% during the forecast period.The key players Daifuku Co, Ltd. (Japan), KION GROUP AG (Germany), SSI SCHAEFER (Germany), TOYOTA INDUSTRIES CORPORATION (Japan) and HONEYWELL INTERNATIONAL INC. (US).
The warehouse management system market is expected to grow from USD 4.0 billion in 2024 to USD 8.6 billion by 2029, at a compound annual growth rate (CAGR) of 16.3% during the forecast period.The kay players Manhattan Associates (US), Blue Yonder Group, Inc. (US), Körber AG (Germany), Oracle (US), SAP (Germany), Infor (US). Microsoft (US), Reply (Italy), PTC Inc. (US), IBM (US), Ehrhardt Partner Group (Germany), Mecalux, S.A. (Spain), Dematic (US), SSI SCHAEFER Group (Germany), Tecsys Inc. (Canada), Epicor Software Corporation (US), Extensiv (US), Datapel Systems (Australia), Generix Group (France), ecovium Holding GmbH (Germany), Made4net (US), Microlistics (Australia), Softeon (US), Synergy Logistics Ltd. (UK), and Vinculum Solutions Pvt. Ltd. (India).
The global model based enterprise market size is expected to grow from USD 13.6 billion in 2024 to USD 27.1 billion by 2029, at a compound annual growth rate (CAGR) of 14.9% during the forecast period.The key players Siemens (Germany), PTC (US), Dassault Systèmes (France), SAP (Germany), Autodesk Inc. (US), HCL Technologies Limited (India), Oracle (US).
The Electric Heat Tracing market size is expected to grow from USD 2.96 billion in 2024 to USD 4.34 billion by 2029, at a compound annual growth rate (CAGR) of 7.9% during the forecast period.The key players nVent Electric PLC (UK), Thermon Group Holdings (US), Spirax-Sarco Engineering Plc (UK), Nibe Industrier AB (Sweden), Bartec Top Holdings Gmbh (Germany).
The microgrid controller market size is expected to grow from USD 6.8 billion in 2024 to USD 18.7 billion by 2029, at a compound annual growth rate (CAGR) of 22.6% during the forecast period.The key Schneider Electric (France), General Electric (US), ABB (Switzerland), Siemens (Germany), Eaton (Ireland), Schweitzer Engineering Laboratories, Inc. (US), Honeywell International Inc. (US), Caterpillar (US), S&C Electric Company (US), Power Analytics Corporation (US), Cummins Inc. (US), Tesla Energy (US), Emerson Electric Co. (US), HOMER Energy (US), Hitachi Energy Ltd. (Switzerland), Pareto Energy (US), Encorp (US), Powerhive (Kenya), Enchanted Rock (US), AutoGrid Systems, Inc. (US), Heila Technologies (US), Ameresco, Inc. (US), PowerSecure, Inc. (US), Canopy Power (Singapore), Scale Microgrid Solutions LLC (US), and Spirae, LLC (US).
The global testing, inspection, and certification market is expected to grow from USD 233.2 billion in 2024 to USD 280.6 billion by 2029, at a compound annual growth rate (CAGR) of 3.8% during the forecast period.The key players SGS SA (Switzerland), Bureau Veritas (France), Intertek Group plc (UK), Eurofins Scientific (Luxembourg), DEKRA (Germany), TÜV SÜD (Germany), DNV GL (Norway), TÜV RHEINLAND (Germany), Applus+ (Spain), ALS (Australia), TÜV NORD Group (Germany), Lloyd’s Register Group Services Limited (UK), MISTRAS Group (USA), ASTM (US), Element Materials Technology (UK), and UL LLC (US).
The Machine safety market size is expected to grow from USD 5.4 billion in 2024 to USD 7.0 billion by 2029, at a compound annual growth rate (CAGR) of 5.4% during the forecast period.Schneider Electric (France), Honeywell International, Inc. (US), ABB (Switzerland), Rockwell Automation, Inc. (US), Siemens AG (Germany), OMRON Corporation (Japan), Keyence Corporation (Japan), Yokogawa Electric Corporation (Japan), Emerson Electric Co. (US), General Electric (US), Mitsubishi Electric Corporation (Japan), Sick AG (Germany), HIMA (Germany), IDEC Corporation (Japan).
The Cleanroom Lighting market is expected to grow from USD 0.9 billion in 2024 to USD 1.1 billion by 2029, at a compound annual growth rate (CAGR) of 5.4% during the forecast period.The key players Signify Holding (Netherlands), Wipro Lighting (India), Crompton Greaves Consumer Electricals Limited (India), Acuity Brands, Inc. (US), Kenall Manufacturing (US), Terra Universal Inc. (US), Bukas Lighting Group (US), Solite Europe (England), LUG Light Factory Sp. z o.o. (Poland).
The global mining automation market is expected to grow from USD 3.6 billion in 2024 to USD 5.1 billion by 2029, at a compound annual growth rate (CAGR) of 1.9% during the forecast period.The key players Caterpillar (US), Komatsu Ltd. (Japan), Sandvik AB (Sweden), Epiroc AB (Sweden), Hitachi Construction Machinery Co., Ltd. (Japan).
The Manufacturing Execution Systems Market is expected to grow from USD 14.9 billion in 2024 to USD 23.0 billion by 2029, at a compound annual growth rate (CAGR) of 9.2% during the forecast period.The key players such as Siemens (Germany), Dassault Systemes (France), SAP (Germany), Rockwell Automation (US), Honeywell International Inc. (US).
The global machine condition monitoring monitoring market size is expected to grow from USD 3.1 billion in 2024 to USD 4.7 billion by 2029, at a compound annual growth rate (CAGR) of 8.3% during the forecast period.The key players Emerson Electric Co. (US), Honeywell International Inc. (US), PARKER HANNIFIN CORP. (US), Rockwell Automation (US), General Electric (US), Amphenol Corporation (US) and others.
The global emission monitoring system market is expected to grow from USD 3.2 billion in 2023 to USD 5.0 billion by 2028, at a compound annual growth rate (CAGR) of 9.3% during the forecast period.The key players AMETEK. Inc. (US), Emerson Electric Co. (US), Thermo Fisher Scientific Inc. (US), Baker Hughes Company (US), Teledyne Technologies Incorporated (US).
The indoor location market is expected to grow from USD 191.5 billion in 2023 to USD 242.1 billion by 2028, at a compound annual growth rate (CAGR) of 4.8% during the forecast period.The key players Fortum (Finland), Vattenfall (Sweden), ENGIE (France), Danfoss (Denmark), Statkraft (Norway).
The Machine vision market is expected to grow from USD 12.9 billion in 2023 to USD 18.4 billion by 2028, at a compound annual growth rate (CAGR) of 7.3%. during the forecast period.The key players Cognex Corporation (US), Basler AG (Germany), Omron Corporation (Japan), National Instrument Corporation (US), Keyence Corporation (Japan), Teledyne Technologies (US), Sick AG (Germany), TKH Group (Netherland), Sony Corporation (Japan), Texas Instruments Incorporated (US), Intel Corporation (US), Atlas Copco (Sweden), Microsoft (US).
The Compressed Air Filter and Dryer Market is expected to grow from USD 5.6 billion in 2023 to USD 7.4 billion by 2028, at a compound annual growth rate (CAGR) of 5.8% during the forecast period.The key players Atlas Copco (Sweden), Ingersoll Rand (US), PARKER HANNIFIN CORP (US), Pentair (UK), and Donaldson Company, Inc. (US).
The HVDC Transmission Market is expected to grow from USD 11.4 billion in 2023 to USD 14.9 billion by 2028, at a compound annual growth rate (CAGR) of 5.4% during the forecast period.The key players Hitachi (Japan), Siemens Energy (Germany), Mitsubishi Electric Corporation (Japan), General Electric (US), Prysmian Group (Italy), Toshiba Corporation (Japan), NKT A/S (Denmark), Nexans (France), LS Electric Co., Ltd. (South Korea), and NR Electric Co., Ltd. (China).
The ASRS market is expected to grow from USD 8.7 billion in 2023 to USD 12.7 billion by 2028, at a compound annual growth rate (CAGR) of 7.9 % during the forecast period.The key players Daifuku Co., Ltd (Japan), Murata Machinery, Ltd. (Japan), SSI SCHAEFER (Germany), TGW Logistics Group GmbH (Austria) and Kardex Holding AG (Switzerland).
The Process Analyzer market is expected to grow from USD 7.8 billion in 2023 to USD 9.3 billion by 2028, at a compound annual growth rate (CAGR) of 3.6% during the forecast period.The key players ABB (Switzerland), Emerson Electric Co. (US), Siemens (Germany), Endress+Hauser Group Services AG (Switzerland), Yokogawa Electric Corporation (Japan), Mettler Toledo (US), Suez (US), Thermo Fisher Scientific, Inc. (US), Ametek: Inc. (US), Anton Paar GmbH (Austria).
The global machine control system market is expected to grow from USD 5.1 billion in 2023 to USD 7.3 billion by 2028, at a compound annual growth rate (CAGR) of 7.4% during the forecast period.The key players include Topcon (Japan), Trimble Inc. (US), Hexagon AB (Switzerland), MOBA Mobile Automation AG (Germany), Hemisphere GNSS, Inc. (US), and EOS Positioning Systems, Inc. (US).
The global sanitary pumps and valves market is expected to grow from USD 2.1 billion in 2023 to USD 2.5 billion by 2028, at a compound annual growth rate (CAGR) of 3.6% during the forecast period.The major players Alfa Laval (Sweden), Fristam Pumpen KG (GmbH & Co.) (Germany), GEA Group Aktiengesellschaft (Germany), SPX FLOW, Inc. (US), and Dover Corporation (US).
The AI in agriculture market size is expected to grow from USD 1.7 billion in 2023 to USD 4.7 billion in 2028, at a compound annual growth rate (CAGR) of 23.1% during the forecast period.The key players Deere & Company (US), IBM (US), Microsoft (US), The Climate Corporation (US), Farmers Edge Inc. (Canada), Granular Inc. (Canada), AgEagle Aerial Syatems Inc. (US), Descartes Labs, Inc. (US).
The industrial PC market is expected to grow from USD 5.0 billion in 2023 to USD 6.6 billion in 2028, at a compound annual growth rate (CAGR) of 5.5% during the forecast period.The Key players Advantech Co., Ltd., (Taiwan), Beckhoff Automation (Germany), IEI Integration Corporation (Taiwan), Siemens (Germany), B&R Automation (Austria), Kontron (Germany), Avalue Technology Incorporation (Taiwan), DFI (Taiwan), NEXCOM International Co., Ltd., (Taiwan), and American Portwell Technology Inc. (US).
The global automatic tube cleaning system market is expected to grow from USD 117 million in 2023 to USD 143 million by 2028, at a compound annual growth rate (CAGR) of 4.0% during the forecast period.The Major Players Taprogge Gmbh (Germany) BEAUDREY (France), WesTech Engineering, LLC (U.S.), Ovivo (Canada), Balltech Energy Ltd.(Israel) and among others
The global remote monitoring and control market size is expected to grow from USD 24.6 billion in 2022 to USD 32.3 billion by 2027, at a compound annual growth rate (CAGR) of 5.6% during the forecast period. The Top Players Emerson Electric (US), Honeywell International (US), Siemens (Germany), Schneider Electric (France), and ABB (Switzerland).
The global valve positioner market size is projected to grow from USD 2.24 billion in 2025 to USD 2.79 billion in 2030, recording a CAGR of 4.4% during the forecast period. The Key Players Emerson Electric Co. (US), ABB (Switzerland), Flowserve Corporation (US), Siemens AG (Germany), Schneider Electric (France), SMC (Japan), Azbil Corporation (Japan), Baker Hughes Company (US), Rotork plc (UK), Valmet (Finland). Samson AG (Germany), VRG Controls (US), Festo Inc. (Germany), Badger Meter, Inc. (US), ControlAir (US), Crane Co. (US), Christian Burkert GmbH & Co. KG (Germany), GEMU Group (Germany), Dwyer Instruments LTD (US), Valve Related Controls, Inc (US), Power-Genex Ltd. (South Korea), Val Controls (Denmark), Bray International (US), Nihon KOSO Co., Ltd. (Japan), Spirax-Sarco Limited (UK).
The Environmental remediation market size is expected to grow from USD 109.3 billion in 2022 to USD 163.4 billion by 2027, at a compound annual growth rate (CAGR) of 8.4% during the forecast period.The key players Golder Associates (a WSP Company) (Canada), Clean Harbors Inc. (US), AECOM (US), Jacobs (US), Tetra Tech (US), DEME NV (Belgium), BRISEA Group, Inc. (BRISEA) (US), ENTACT, LLC (US), Terra Systems (US), Engineering and Maintenance Solutions (EMS) (Australia), and HDR, Inc. (US).
The global flexible heater market is expected to grow from USD 1.2 billion in 2022 to USD 1.7 billion by 2027, at a compound annual growth rate (CAGR) of 7.2% during the forecast period.The Top Players NIBE Industrier(Sweden), Honeywell International(US), Omega Engineering(US), Watlow Electric Manufacturing(UK) and Smiths Group(UK).
The global flame detector market is expected to grow from USD 1.7 billion in 2022 to USD 2.1 billion by 2027, at a compound annual growth rate (CAGR) of 5.0% during the forecast period.by The Major Players Johnson Controls (Ireland), Carrier Global (US), Honeywell (US), Siemens (Germany), Halma (UK), MSA (US), Robert Bosch (Germany), Emerson Electric (US), Minimax Viking (Germany), and Draeger (Germany).
The Pressure Transmitter Market Size is expected to grow from USD 2.9 billion in 2022 to USD 3.5 billion by 2027, at a CAGR of 3.6% during the forecast period. Major companies operating in the pressure transmitter market include Emerson (US), ABB (Sweden), Schneider Electric (France), Yokogawa (Japan), Endress+Hauser (Switzerland), Honeywell (US), Siemens (Germany), Fuji Electric (Japan), Danfoss (Denmark), and Hitachi (Japan).
The global operational technology market is projected to reach USD 216.3 billion by 2027; it is expected to grow at a CAGR of 6.5% during the forecast period. Major companies offering operational technology technologies include ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Rockwell Automation (US), Honeywell International Inc. (US), Emerson Electric Co. (US), IBM (US), and General Electric (US).
The global industrial safety market is anticipated to grow from USD 7.7 billion in 2025 to USD 10.6 billion by 2030, recording a CAGR of 6.5% during 2025–2030. Major players in the industrial safety market are Schneider Electric SE (France), Honeywell International Inc. (US), ABB Ltd. (Switzerland), Rockwell Automation, Inc. (US), Siemens AG (Germany), Emerson Electric Co. (US), Baker Hughes (US), HIMA (Germany), Yokogawa Electric Corp. (Japan), and Omron Corporation (Japan).
The global hydraulic cylinder market size is projected to reach USD 18.3 billion by 2027, it is expected to register a CAGR of 4.4% during the forecast period. Parker-Hannifin Corporation (US), Caterpillar (US), KYB Corporation (Japan), Bosch Rexroth (Germany), Eaton (Ireland), Enerpac Tool Group (US), SMC Corporation (Japan), HYDAC (Germany), Wipro Enterprises (India), and The Jiangsu Hengli Hydraulic Co., Ltd. (China) are a few major players in global Hydraulic Cylinder Market.
The global High Integrity Pressure Protection System market is anticipated to grow from USD 422.0 million in 2025 to USD 564.2 million by 2030, recording a CAGR of 6.0% during 2025–2030. A few of the key players in the HIPPS market are Emerson Electric Co. (US), Yokogawa Electric Corp. (Japan), HIMA (Germany), Rockwell Automation Inc. (US), Schneider Electric (France), Honeywell International (US), ABB (Switzerland), Siemens (Germany), Schlumberger (US), and Baker Hughes (US) are among the major players in the HIPPS market.
The micro-LED market is expected to reach USD 21,169 million by 2027, at a CAGR of 81.5% during the forecast period. Apple (US), Sony (Japan), Samsung Electronics (South Korea), Oculus VR (US), X-Celeprint (Ireland) Epistar (Taiwan), Nanosys (US), and Aledia (EU) are among the key players in the micro-LED market.
The industrial automation market is expected to grow from USD 35.3 billion in 2020 to USD 51.4 billion by 2026, at a CAGR of 7.1% during the forecast period. ABB (Switzerland), Emerson Electric Co. (US), FANUC (Japan), General Electric (US), Honeywell International (US), Mitsubishi Electric (Japan), Rockwell Automation (US), Schneider Electric (France), Siemens (Germany), and Yokogawa Electric (Japan) are a few major players in Industrial Automation Market in Europe, Middle East & Africa.
The global vacuum valve market is projected to reach USD 1.8 billion by 2026, at a CAGR of 8.5% during the forecast period. VAT Group AG (Switzerland), MKS Instruments (US), CKD Corporation (Japan), V-TEX Corporation (Japan), ULVAC, Inc. (Japan), SMC Corporation (Japan), HVA LLC (US), Kitz SCT Corporation (Japan), Pfeiffer Vacuum (Germany), and Agilent Technologies (US); are some of the key players in the vacuum valve market.
The global oil condition monitoring market is expected to reach USD 1.4 billion by 2026; it is expected to grow at a CAGR of 6.1% during the forecast period. Key players in the market include Parker-Hannifin Corporation (US), General Electric (US), Shell plc (Netherlands), BP plc (UK), Bureau Veritas (France), Chevron Corporation (Switzerland), Intertek Group plc (UK), SGS SA (France), Eaton Corporation (Ireland), and TotalEnergies (France). These players are increasingly undertaking product launches and developments, acquisitions, partnerships, collaborations, contracts, and agreements, to increase their market shares.
The automated optical inspection system market is projected to reach USD 1,660 million by 2026. It is expected to grow at a CAGR of 20.8% during the forecast period. A few of the key players in the automated optical inspection market are Koh Young (South Korea), Test Research, Inc. (TRI) (Taiwan), Omron (Japan), Camtek (Israel), Viscom (Germany), Saki Corporation (Japan), Nordson (US), KLA (US), Cyberoptics (US), and Goepel Electronics (Germany).