An electric power system is a network of electrical components used to supply, transfer, and use electric power. Electrical systems & components include devices such as switch gears, controls, cables, and circuit breakers am ....see more
The Europe HVAC system market is expected to grow from USD 36.4 billion in 2025 to USD 48.1 billion by 2030, at a compound annual growth rate (CAGR) of 5.8% during the forecast period. The key Players DAIKIN INDUSTRIES, Ltd. (Japan), LG Electronics (South Korea), Johnson Controls (Ireland), Mitsubishi Electric Corporation (Japan), SAMSUNG (South Korea), Fujitsu General (Japan), Vaillant Group (Germany), Bosch Thermotechnik GmbH (Germany), Viessmann (Germany), Systemair AB (Sweden), AERMEC S.P.A. (Italy), Zehnder Group AG (Switzerland).
The US microgrid industry is projected to grow from USD 11.33 billion in 2025 to USD 24.82 billion by 2030, at a CAGR of 17.0% during the forecast period. The key players include Schneider Electric (France), Siemens (Germany), ABB (Switzerland), GE Vernova (US), and Hitachi Energy Ltd. (Switzerland).
The US artificial intelligence in manufacturing market was valued at USD 12.20 billion in 2025 and is projected to reach USD 52.31 billion by 2030; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 32.3% from 2026 to 2030. The key players in the US artificial intelligence in manufacturing market include NVIDIA Corporation (US), IBM (US), Siemens (Germany), ABB (Switzerland), Honeywell International Inc. (US), GE Vernova (US), among others.
The market size for India AI in manufacturing is estimated to reach USD 860.5 million in 2025 and is projected to grow to approximately USD 4,889.7 million by 2030, at a CAGR of 41.5%. The key players include NVIDIA Corporation (US), IBM (US), Google (US), Microsoft (US), Intel Corporation (US), Siemens (Germany), GE Vernova (US), Honeywell International Inc. (US), Mitsubishi Electric Corporation (Japan), and UBTECH ROBOTICS CORP LTD (China). Indian-specific startups shaping the landscape include Neuralzome Cybernetic, Perceptyne Robots, and atimotors.com.
The data center semiconductor market is expected to reach USD 265.8 billion by 2029 from USD 86.8 billion in 2024, registering a CAGR of 25.1% during the forecast period. The leading key players are NVIDIA, Intel, and AMD provide core processors, while networking players like Cisco ensure fast data movement.
The China AI data center market is projected to reach USD 336.20 billion by 2032 from USD 42.18 billion in 2025, at a CAGR of 33.1% from 2025 to 2030. The key players in the China AI data center market include Dell Inc. (US), Hewlett Packard Enterprise Development LP (US), Lenovo (China), Huawei Technologies Co., Ltd. (China), IBM (US), Super Micro Computer, Inc. (US), IEIT SYSTEMS CO., LTD. (China), H3C Technologies Co., Ltd. (China), Cisco Systems, Inc. (US), Fujitsu (Japan), and Aivres (US).
The RFID market in Germany is projected to grow from USD 0.93 billion in 2025 to USD 1.83 billion by 2034, at a CAGR of 7.8% during the forecast period. The key players in the Germany RFID market include Siemens AG (Germany), Infineon Technologies AG (Germany), FEIG Electronic GmbH (Germany), Kathrein Solutions GmbH (Germany), HID Global Corporation (US), Zebra Technologies Corp. (US), Avery Dennison Corporation (US), Datalogic S.p.A. (Italy), iDTRONIC GmbH (Germany), ELATEC GmbH (Germany), Smartrac N.V. (Netherlands), Balluff GmbH (Germany), Turck GmbH & Co. KG (Germany), and Pepperl+Fuchs SE (Germany), among others.
The South Korea artificial intelligence in manufacturing market is projected to reach USD 5.98 billion by 2030 from USD 1.15 billion in 2025; it is expected to grow at a CAGR of 39.0% from 2026 to 2030. The key players include NVIDIA Corporation (US), IBM (US), Siemens (Germany), ABB (Switzerland), Honeywell International Inc. (US), GE Vernova (US), among others.
The US quantum computing market is projected to grow from USD 0.97 billion in 2025 to USD 4.59 billion by 2030, registering a CAGR of 36.4%. The key players include 3M (US), XPEL, Inc (US), Eastman Chemical Company (US), Avery Dennison Corporation (US), Saint-Gobain (France), Lubrizol (US), CCL Industries (Canada), Hexis S.A.S. (France), ORAFOL Europe GmbH (Germany), and Garware Hi-Tech Films (India).
The Germany quantum computing market is projected to reach USD 0.93 million by 2030 from USD million in 2025, at a CAGR of 37.5% from 2025 to 2030. Key companies operating in the Germany quantum computing market include IBM (US), D-Wave Quantum Inc. (Canada), Microsoft (US), Amazon Web Services (US), and Rigetti Computing (US).
The Germany artificial intelligence in manufacturing market is projected to grow from USD 2.14 billion in 2026 and to reach USD 10.50 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 35.8% during the forecast period. Key companies providing innovative, data-driven solutions in this market include Siemens (Germany), ABB (Switzerland), and IBM (US).
The Taiwan humanoid robot market is projected to reach USD 144.8 million by 2030 from USD 31.4 million in 2024, at a CAGR of 28.2% from 2025 to 2030. The key players in the Taiwan humanoid robot market include Agility Robotics (US), Boston Dynamics (US), Tesla (US), Samsung (South Korea), UBTECH Robotics (China), Pal Robotics (Spain), and Honda Motor Co. (Japan).
The Asia Pacific HVDC transmission market is expected to reach USD 8.93 billion by 2030, up from USD 6.08 billion in 2025, at a CAGR of 8.0% from 2025 to 2030. The Key Players Hitachi, Ltd. (Japan), Siemens Energy (Germany), Mitsubishi Electric Corporation (Japan), GE Vernova (US), Prysmian Group (Italy), TOSHIBA CORPORATION (Japan), NKT A/S (Denmark), Nexans (France), LS ELECTRIC Co., Ltd. (South Korea), NR Electric Co., Ltd. (China), ZTT Group (China).
The North America HVAC system market is expected to grow from USD 42.2 billion in 2025 to USD 57.6 billion by 2030, at a compound annual growth rate (CAGR) of 6.4% during the forecast period The Key Players Carrier (US), DAIKIN INDUSTRIES Ltd. (Japan), LG Electronics (South Korea), Lennox International Inc. (US), Johnson Controls (Ireland), Trane Technologies plc (Ireland), Mitsubishi Electric Corporation (Japan), SAMSUNG (South Korea), Fujitsu General (Japan), Panasonic Holdings Corporation (Japan), Modine (US), Whirlpool Corporation (US), Vaillant Group (Germany), Rheem Manufacturing Company (US), American Standard Heating and Air Conditioning (US), WM Technologies LLC (US), Nortek Air Management (US), AAON (US).
The US AI chip market is projected to grow from USD 61.91 billion in 2025 to USD 173.05 billion by 2032, at a CAGR of 15.8% during the forecast period. The key players include NVIDIA Corporation (US), Intel Corporation (US), Advanced Micro Devices, Inc. (US), Micron Technology, Inc. (US), Apple Inc. (US), Qualcomm Technologies, Inc. (US), Google (US), Amazon Web Services, Inc. (US), and Microsoft (US).
The US RFID market is projected to grow from USD 3.04 billion in 2025 to USD 5.45 billion by 2034, at a CAGR of 6.7% during the forecast period. The key players include Zebra Technologies Corp. (US), Honeywell International Inc. (US), Avery Dennison Corporation (US), HID Global Corporation (US), Impinj, Inc. (US), Alien Technology, LLC (US), and Xemelgo, Inc. (US).
The US AI data center market is projected to reach USD 610.12 billion by 2032 from USD 142.50 billion in 2026, registering a CAGR of 27.4% during the forecast period. The key players include Dell Inc. (US), Hewlett Packard Enterprise (US), Lenovo (US), IBM (US), Cisco Systems (US), Vertiv (US), Cerebras (US), JETCOOL Technologies (US), ZutaCore (US), and Super Micro Computer (US).
The US AI inference market is projected to reach USD 77.61 billion by 2030 from USD 32.32 billion in 2025, at a CAGR of 19.1% during the forecast period. Key players in the US AI inference market include NVIDIA Corporation (US), Intel Corporation (US), AMD (US), Apple Inc. (US), Google (US), Amazon Web Services, Inc. (US), Microsoft (US), Meta (US), Graphcore (UK), and Cerebras (US).
The global industrial process heating market is valued at USD 13.36 billion in 2026 and is projected to reach USD 17.47 billion by 2032, registering a CAGR of 4.6% during the forecast period. The Key Players Honeywell International Inc. (US), Siemens (Germany), Emerson Electric Co. (US), ANDRITZ AG (Austria), ABB Ltd. (Switzerland), Fives Group (France), Bloom Engineering Company, Inc. (US), Fireye LLC (US), NOXMAT (Germany), SixCarbon Technology Co. Ltd. (China), Watlow Electric Manufacturing Company (US).
The global Ajinomoto build-up film market is valued at USD 11.56 billion in 2026 and is projected to reach USD 49.63 billion by 2032, registering a CAGR of 27.5% during the forecast period. The Key Players Ajinomoto Co., Inc. (Japan), Sekisui Chemical Co., Ltd. (Japan), Waferchem Technology (Taiwan), Taiyo Holdings Co., Ltd. (Japan), and Nippon Kayaku Co., Ltd. (Japan), among others.
The electronics manufacturing services market is expected to reach USD 853.05 billion by 2030 from USD 612.67 billion in 2024, registering a CAGR of 5.6% during the forecast period. The key players include Flex Ltd. (Singapore), Hon Hai Precision Industry Co., Ltd. (Taiwan), Jabil Inc. (US), Pegatron Corporation (Taiwan), Wistron Corporation (Taiwan), Sanmina Corporation (US), Kinpo Group (Taiwan), Universal Scientific Industrial (USI) (China), Plexus Corp (US), and Celestica Inc. (Canada), among others.
The global EMI shielding market is projected to grow from USD 8.04 billion in 2026 to USD 10.90 billion by 2032, registering a CAGR of 5.2%. Leading players in the global EMI shielding market include PARKER HANNIFIN CORP (US), PPG Industries, Inc. (US), 3M (US), Hankel AG & CO KGAA (Germany), Qnity Electronics Inc (US), Leader Tech Inc (US), MG Chemicals (Canada), Nolato AB (Sweden), Tech Etch Inc (US), and RTP Company (US), among others.
The generative AI server market is expected to reach USD 448.60 billion by 2030 from USD 103.92 billion in 2025, registering a CAGR of 34.0% during the forecast period. The key players include Dell Inc. (US), Hewlett Packard Enterprise Development LP (US), Lenovo (US), Huawei Technologies Co., Ltd (China), IBM (US), Super Micro Computer, Inc. (US), INSPUR Co., Ltd. (China), H3C Technologies Co., Ltd. (China), Cisco Systems, Inc. (US), and Fujitsu (Japan), among others.
The AI-driven predictive maintenance market is expected to reach USD 19.27 billion by 2032 from USD 2.61 billion in 2026, registering a CAGR of 39.5% during the forecast period. The key players include IBM (US), Siemens (Germany), SAP SE (Germany), GE Vernona (US), C3.ai (US), ABB (Switzerland), Schneider Electric (France), Hitachi, Ltd (Japan), and Uptake Technologies Inc. (US), among others.
The solid-state transformer market is projected to reach USD 1.52 billion by 2035 from USD 0.28 billion in 2030, at a CAGR of 40.1%. The report profiles key players such as Hitachi Energy Ltd. (Switzerland), Ampereand PTE LTD (Singapore), Delta Electronics (Taiwan), Eaton (Ireland), RCT Systems (Switzerland), DG MATRIX (US), ABB (Switzerland), SolarEdge (Israel), WattEV (US), and GridBridge (US).
The RFID antenna market is projected to reach USD 0.42 billion by 2032 from USD 0.24 billion in 2026, at a CAGR of 10.1% from 2026 to 2032. The report profiles key players such as Zebra Technologies Corp. (US), TE Connectivity (Ireland), SHANGHAI INLAY LINK INC. (INLAYLINK) (China), Nedap N.V. (Netherlands), Kathrein Solutions GmbH (Germany), Pepperl+Fuchs SE (Germany), Times-7 (New Zealand), GAO RFID Inc. (Canada), Impinj, Inc. (US), and Invengo Information Technology Co., Ltd. (China).
The computational storage market is projected to reach USD 4.30 billion by 2032 from USD 0.93 billion in 2026, at a CAGR of 29.0% from 2026 to 2032. Key companies operating in the computational storage market are Intel Corporation (US), Advanced Micro Devices, Inc. (US), Samsung Electronics Co., Ltd. (South Korea), NGD Systems (US), ScaleFlux (US), Marvell Technology, Inc. (US), Eideticom (Canada), NETINT Technologies (Canada), Pliops (Israel), and ARM (UK).
The global consumer mobile video camera market is projected to grow from USD 8.50 billion in 2025 to USD 27.32 billion by 2035, registering a CAGR of 12.4%. The key players include DJI (China), GoPro Inc. (US), Insta360 (China), Sony Corporation (Japan), Ricoh (Japan), AKASO Tech LLC (US), SJCAM (China), Nikon Corporation (Japan), and Panasonic Holdings Corporation (Japan).
The global inline metrology market is projected to reach USD 2.63 billion in 2026 and USD 3.80 billion by 2032, exhibiting a CAGR of 6.3%. The Key Players Hexagon AB (Sweden), Carl Zeiss AG (Germany), KLA Corporation (US), KEYENCE CORPORATION (Japan), Renishaw plc (UK), Mitutoyo Corporation (Japan), Nikon Corporation (Japan), FARO (US), Jenoptik (Germany), and Creaform (Canada).
The AI in mining market is expected to grow from USD 2.60 billion in 2025 to USD 9.93 billion by 2032, at a compound annual growth rate (CAGR) of 21.1%during the forecast period. The Key Players Caterpillar (US), Komatsu Ltd. (Japan), Sandvik AB (Sweden), Epiroc AB (Sweden), Hitachi Construction Machinery Co., Ltd. (Japan), Hexagon AB (Sweden), Rockwell Automation (US), Siemens (Germany), Trimble Inc. (US), and ABB (Switzerland).
The digital substation market is expected to grow from USD 14.41 billion in 2025 to USD 19.78 billion by 2030, at a compound annual growth rate (CAGR) of 6.5% during the forecast period. The Key Playres Hitachi Energy (Switzerland), Siemens Energy (Germany), GE Vernova (US), ABB Ltd. (Switzerland), Schneider Electric (France), Eaton Corporation (Ireland), Mitsubishi Electric Corporation (Japan), Toshiba Energy Systems & Solutions Corporation (Japan), Cisco Systems Inc. (US), and Honeywell International Inc. (US).
The HVDC transmission market is expected to grow from USD 15.62 billion in 2025 to USD 22.07 billion by 2030, at a compound annual growth rate (CAGR) of 7.2% during the forecast period. The Key Players Hitachi, Ltd. (Japan), Siemens Energy (Germany), Mitsubishi Electric Corporation (Japan), GE Vernova (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 EMC filtration marke is expected to grow from USD 1.26 billion in 2025 to USD 1.59 billion by 2030, at a compound annual growth rate (CAGR) of 4.7% during the forecast period. The Key Players Delta Electronics, Inc. (Taiwan), TE Connectivity (Ireland), TDK Corporation (Japan), Littelfuse, Inc. (US), Rohde & Schwarz (Germany), Sinexcel (China), SCHURTER Group (Switzerland), AstrodyneTDI (US), MORNSUN Guangzhou Science & Technology Co., Ltd. (China), Soshin electric Co., Ltd. (Japan), Shanghai Eagtop Electronic Technology Co., Ltd. (China), BLOCK Transformatoren-Elektronik GmbH (Germany), ETS-Lindgren (US), MTE Corporation (US) and REO AG (Germany).
The global smart robots market is expected to grow from USD 16.20 billion in 2025 to USD 42.80 billion by 2030, at a compound annual growth rate (CAGR) of 21.5% during the forecast period. The Key players iRobot Corporation (US), SoftBank Robotics Group (Japan), ABB (Switzerland), KUKA AG (Germany), and FANUC CORPORATION (Japan). Other players include Universal Robots A/S (Denmark), ECA GROUP (France), DeLaval (Sweden), Neato Robotics, Inc. (US), and Aethon, Inc. (US).
The DC Torque Tool Market Size is expected to grow from USD 3.6 billion in 2024 to USD 4.4 billion by 2029, at a compound annual growth rate (CAGR) of 3.7% during the forecast period.The key players Atlas Copco AB (Sweden), Apex Tool Group, LLC (US), Ingersoll Rand (US), Stanley Black & Decker, Inc. (US), Robert Bosch GmbH (Germany).
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 HVDC capacitor market is expected to grow from USD 6.4 billion in 2023 to USD 17.9 billion by 2031, at a compound annual growth rate (CAGR) of 13.8% during the forecast period.The major players include Hitachi, Ltd. (Japan), General Electric (US), TDK Corporation (Japan), Eaton (US), KYOCERA Corporation (Japan), YAGEO Corporation (Taiwan), Vishay Intertechnology, Inc. (US), General Atomics (US), LIFASA, International Capacitors, S.A. (Spain), and ELECTRONICON Kondensatoren GmbH (Germany).
The electrical steel market is expected to grow from USD 40.6 billion in 2023 to USD 60.7 billion by 2028, at a CAGR of 8.4% during the forecast period. The Electrical steel Market comprises major players such as ArcelorMittal (Luxembourg), POSCO (South Korea), Voestalpine AG (Austria), China Baowu Steel Group Corporation (China), Nippon Steel Corporation (Japan), United States Steel Corporation (United States), Steel Authority of India (India), TATA Steel Limited (India), Thyssenkrupp AG (Germany), JFE Steel Corporation (Japan), amongst others are covered in the Electrical steel market. Expansions, acquisitions, joint ventures, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the Electrical steel Market.
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 laser tracker market is expected to grow from USD 636 million in 2022 to USD 866 million by 2027, at a compound annual growth rate (CAGR) of 6.4% during the forecast period.The Top Players Hexagon AB (Sweden); Faro Technologies, Inc. (US); Automated Precision Inc. (US); InnovMetric Software Inc. (Canada); CHOTEST TECHNOLOGY INC. (China); Mitutoyo Corp. (Japan); 3D Systems, Inc. (US); VMT GmbH (Germany); Hubbs Machine and Manufacturing Inc. (US); and PLX Inc. (US); and Brunson Instrument Company (US).
The global safety light curtain market is anticipated to grow from USD 1.3 billion in 2025 to USD 1.7 billion by 2030, recording a CAGR of 6.3% during 2025–2030The Key players OMRON (Japan), KEYENCE (Japan), SICK (Germany), Rockwell Automation (US), Pepperl+Funch (Germany), Panasonic (Japan), Schneider Electric (France), Datalogic (Italy), Banner Engineering (US), Balluff (Switzerland), Smartscan (UK), Leuze Electronic (Germany), ABB (Switzerland), EUCHNER (Germany), IDEC (Japan), Pilz (Germany), ifm electronic (Germany), Wenglor Sensoric (Germany), Schmersal (Germany), Rockford Systems (US), Contrinex (Switzerland), Orbital Systems (India), Pinnacle Systems (US), HTM Sensors (US), and ISB (Canada).
The Substation Automation Market is expected to grow from USD 39.9 billion in 2021 to USD 54.2 billion by 2026, at a CAGR of 6.3% during the forecast period. The report profiles key players, including Hitachi ABB Power Grids (Switzerland), Siemens Energy (Germany), General Electric (US), Cisco (US), Schneider Electric (France), Eaton Corporation (Ireland), Honeywell (US), Schweitzer Engineering Laboratories (US), NovaTech Automation (US), and CG Power and Industrial Solutions (India). These companies focus on adopting both organic and inorganic growth strategies, such as product launches and developments, partnerships, contracts, and mergers and acquisitions to strengthen their position in the market.
The Flexible AC Transmission Systems (FACTS) Market is expected to grow from USD 1.2 billion in 2020 to USD 1.5 billion by 2025, at a CAGR of 5.4% during the forecast period. A few major players in the FACTS market include ABB (HITACHI) (ABB, Switzerland), General Electric Company (GE, US), Siemens AG (Siemens, Germany), Mitsubishi Electric Corporation (Mitsubishi Electric, Japan), Infineon Technologies AG (Infineon, Germany), American Superconductor (AMSC, US), NR Electric Co., Ltd. (NR Electric, China), Hyosung Heavy Industries (Hyosung, South Korea), and Rongxin Power Ltd. (RXPE, UK).
The VRF System Market is expected to grow from USD 17.6 billion in 2020 to USD 31.9 billion by 2025, at a CAGR of 12.7% during the forecast period. The major companies involved in the development and supply of VRF systems include Daikin (Japan), Toshiba (Japan), Mitsubishi Electric (Japan), Midea Group (China), and Johnson Controls (US).
The overall pre-terminated systems market is expected to reach USD 3.2 billion by 2024, at a CAGR of 9.0% during the forecasting period. Key players in the pre-terminated systems market include TE Connectivity Ltd. (Switzerland), Optical Cable Corporation (US), Corning Incorporated (US), CommScope Holding Company, Inc. (US), Amphenol Corporation (US), HellermannTyton PLC (Austria), HUBER+SUHNER AG (Switzerland), Belden Inc.(US), Legrand SA (France), and Nexans SA (France). These players are increasingly adopting growth strategies such as product launches and developments, mergers and acquisitions, contracts, partnerships, and agreements to develop and introduce new technologies and products in the market.
The motor management market for control devices and software is expected to be worth USD 4.03 Billion by 2023, growing at a CAGR of 5.35% between 2017 and 2023. The market is propelled by the rising demand for smart, multifunctional, integrated motor control, and protection devices as well as the need for reducing unplanned industrial downtime. Market players such as General Electric (US), Texas Instruments (US), Siemens AG (Germany), Schneider Electric SE (France), and ABB Ltd. (Switzerland). Analog Devices, Inc., (US), Eaton Corporation Plc (Ireland), Mitsubishi Electric Corporation (Japan), Rockwell Automation (US), and Hitachi, Ltd (Japan) are focusing on product launches, research and development, acquisitions, and collaborations to enhance their product offerings and expand their business.
The filtration and contamination control market is estimated to reach USD 39.73 Billion by 2022, at a CAGR of 5.13% between 2017 and 2022. The base year considered for the study is 2016, and the market forecast has been done for the period between 2017 and 2022. The report aims at estimating the market size and future growth potential of the filtration and contamination control market based on filtration type, customer type, application, and region.
According to MarketsandMarkets’ forecast, the overall machine vision market was valued at USD 8.12 Billion in 2015 and is expected to reach USD 14.43 Billion by 2022, growing at a CAGR of 8.15% between 2016 and 2022. The growth of this market is driven by the increasing need for quality inspection and automation across industry verticals, surge in demand for vision-guided robotic systems in automotive, pharmaceutical, food and packaging, and industrial sectors, and growing demand for application-specific machine vision systems.
The microgrid as a service (MaaS) market was valued at USD 774.9 Million in 2015 and is expected to reach USD 2,241.6 Million by 2022, at a CAGR of 15.86% during the forecast period. Reduction in operational costs and negligible upfront investments by MaaS end users, rising demand from MaaS from hospitals, universities, and remote regions, and high investments by governments in microgrid infrastructure for improved resilience are expected to boost the demand for MaaS in the coming years.