Industrial automation is the use of information technology and control systems (computers and set of devices) by replacing the human operator with these systems in order to control and regulate various industrial processes. In t ....see more
The global 3D scanners market is expected to grow from USD 1.1 Billion in 2023 to USD 1.5 Billion by 2028, at a compound annual growth rate (CAGR) of 6.9% during the forecast period.The major players Hexagon AB (Sweden), FARO Technologies, Inc. (US), Trimble Inc. (US), Nikon Corporation (Japan), and Carl Zeiss AG (Germany).
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 valve positioner market is expected to grow from USD 1.8 billion in 2022 to USD 2.4 billion in 2027, at a compound annual growth rate (CAGR) of 5.6% 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 Cleaning Robot market share is expected to grow from USD 9.8 Billion in 2022 to USD 25.9 Billion by 2027, at a compound annual growth rate (CAGR) of 21.5% during the forecast period.The Key Players iRobot Corporation (US), Ecovacs Robotics Co., Ltd (China), Samsung Electronics Co., Ltd. (South Korea), Xiaomi (China), and Roborock (China).
The global industrial automation and control systems market is expected to grow from USD 147.9 billion in 2022 to USD 218.8 billion by 2027, at a compound annual growth rate (CAGR) of 8.2% during the forecast period.The Key Players ABB (Switzerland), Emerson (US), Siemens (Germany), Schneider Electric (France), Mitsubishi Electric (Japan), Yokogawa Electric Corporation (Japan), Endress+Hauser (Switzerland), Honeywell (US), Rockwell Automation (US), and General Electric (US).
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 safety light curtain market is expected to grow from USD 1.1 billion in 2022 to USD 1.4 billion by 2027, at a compound annual growth rate (CAGR) of 5.8% during the forecast period.The 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 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 functional safety market size is predicted to reach USD 7.2 billion by 2027, at a CAGR of 6.8% during the forecast period. The Major Player includes Schneider Electric (France), ABB Ltd. (Switzerland), Honeywell International Inc. (US), Emerson Electric Co. (US), and Rockwell Automation Inc. (US)
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 industrial safety market is projected to reach USD 8.8 billion by 2027, it is expected to grow at a CAGR of 6.8% during the forecast period. 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 size is projected to reach USD 670 Million by 2027. It is expected to grow at a CAGR of 6.7% during the forecast period. 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 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 cold chain monitoring market is expected to grow from USD 4.7 billion in 2021 to USD 10.2 billion by 2026, at a CAGR of 16.6% during the forecast period. A few key cold chain monitoring market players are ORBCOMM (US), Sensitech (US), Berlinger & Co. (Switzerland), Elpro-Buchs (Switzerland), and Monnit (US).
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 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).
The global pressure washer market size is expected to reach USD 3.0 billion by 2026, at a CAGR of 4.2% during the forecasting period. Alfred Kärcher SE & Co. KG (Germany), Briggs & Stratton (US), Generac Power Systems, Inc. (US), Nilfisk Group (Denmark) and Stanley Black & Dercker, Inc. (US) are a few major players in pressure washer market.
The coordinate measuring machine (CMM) market size is projected to reach USD 4.3 billion by 2026, at a CAGR of 8.8% during the forecast period. The key players in the operating in the Coordinate Measuring Machine (CMM) Market are Major players involved in the CMM market include Zeiss Group (Germany), FARO Technologies (US), Hexagon (Sweden), Nikon Corporation (Japan), Mitutoyo (Japan), Tokyo Seimitsu (Japan), Keyence Corporation (Japan), Creaform (Canada), Perceptron (US), and Wenzel Group (Germany).
The hand tools and woodworking tools market size is expected to reach USD 10.3 billion by 2026, at a CAGR of 4.0% during the forecast period. Stanley Black & Decker (US), Apex Tool Group(US), Snap-On Incorporated(US), Techtronic Industries Co. Ltd (China), Klein Tools (US), Husqvarna (Sweden), Akar Auto Industries Ltd. (India), and Hangzhou Great Star Industrial Co. Ltd. (China) are a few major players operating in hand tools and woodworking tools market.
The waterjet cutting machine market is projected to reach USD 1.5 billion by 2026; it is expected to grow at a CAGR of 6.2% during the forecast period. The waterjet cutting machine players have implemented various types of organic as well as inorganic growth strategies, such as new product launches, and acquisitions to strengthen their offerings in the market. The major players in the waterjet cutting machine market are Omax (US), Flow (US), Koike Aronson (US), Wardjet (US), Dardi (China), Lincoln Electric (US), Techni Waterjet (Australia), KMT (US), Colfax (US), Waterjet Sweden (Sweden), Innovative (India), Hornet Cutting System (US), Jekran (Malta), STM waterjet (Austria), International Waterjet Machines (US), Waterjet Corporation (Italy), Swaterjet (China), Foshan Yongshengda Machinery (China), Resato (Netherlands), Accurl (US), LDSA (France), Kimtech (Sweden), Jet Edge (US), Microstep (Slovakia).
The industry 4.0 market is projected to reach USD 182.01 billion by 2028; it is expected to grow at a CAGR of 28.4% during the forecast period. The key players operating in the industry 4.0 market include ABB (Switzerland), Honeywell International Inc (US), 3D Systems (US), Rockwell Automation (US), Siemens (Germany ), and Emerson Electric Co (US), among others, etc.
The global smart manufacturing platform market is expected to grow from USD 5.8 billion in 2021 to USD 13.2 billion by 2026, at a compound annual growth rate (CAGR) of 18.0% during the forecast period. The key players operating in the Smart Manufacturing Platform Market are ABB (Switzerland), Siemens (Germany), Schneider Electric (France), IBM (US), PTC Inc. (US), SAP SE (Germany), Emerson Electric Co. (US), and GENERAL ELECTRIC (US).
The CNC Controller Market is expected to grow from USD 2.8 billion in 2021 to USD 3.4 billion by 2026, at a CAGR of 3.6% during the forecast period. FANUC(Japan), Siemens(Germany), Mitsubishi Electric(Japan), DMG MORI(Germany), and Haas Automation(US)., Hurco Companies(US), Okuma(Japan), and Yamazaki Mazak(UK), among others, are some of the key players in the market.
The Smart Thermostat Market is expected to grow from USD 2.5 billion in 2021 to USD 6.4 billion by 2026, at a CAGR of 20.8% during the forecast period. Major players involved in the smart thermostat market include Alphabet (Google Nest) (US), Emerson Electric (US), Honeywell International (US), Lennox International (US), ecobee (Canada), Carrier Corporation (US), Johnson Controls (Lux Products) (Ireland), Legrand (Netatmo) (France), Resideo Technologies (US), Siemens (Germany), Trane Technologies (Ireland), Control4 Corporation (US), Nortek Control (US), tado (Germany).
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 Level Transmitter Market is expected to grow from USD 3.1 billion in 2020 to USD 3.5 billion by 2025, at a CAGR of 2.6% during the forecast period. Endress+Hauser (Switzerland), VEGA (Germany), Emerson Electric (US), Siemens (Germany), and KROHNE (Germany) ABB (Switzerland), Honeywell (US), Yokogawa (Japan), AMETEK (US), Magnetrol (US), Schneider Electric (France) are among a few major players in the level transmitter market.
The industrial automation oil & gas market is projected to reach USD 18.7 billion by 2025, it is expected to grow at a CAGR of 4.7% during the forecasting period. The key players operating in the industrial automation oil & gas market include ABB Ltd. (Switzerland), Endress+Hauser AG (Switzerland), Emerson Electric Co. (US), General Electric (US), Rockwell Automation, Inc. (US), Schneider Electric SE (France), Siemens AG (Germany), Mitsubishi Electric Corp. (Japan), Honeywell International Inc. (US), and Yokogawa Electric Corp. (Japan).
The Leak Detection Market is expected to grow from USD 2.1 billion in 2020 to USD 3.0 billion by 2025, at a CAGR of 7.8% during the forecast period. Honeywell International Inc. (US), Emerson Electric Co. (US), ABB (Switzerland), KROHNE Group (Germany), PSI Software AG (Germany), Atmos (UK), AVEVA (UK), FLIR Systems Inc. (US), HIMA (Germany), Yokogawa Electric Corporation (Japan), Asel-Tech (Brazil), Bridger Photonics (US), Flyscan Systems Inc. (Canada), Fotech Group Ltd. (UK), Hawk Measurement Systems (Australia), MAGNUM (Germany), MSA Safety (US), OptaSense Ltd. (UK), Simulation Software Ltd. (UK), and TTK (France) are some of the key players operating in the leak detection market for oil & gas.
The Home Automation System Market is expected to grow from USD 40.8 billion in 2020 to USD 63.2 billion by 2025, at a CAGR of 9.1% during the forecast period. Major players in the home automation system market are Resideo (US), Legrand (France), Schneider Electric (France), Johnson Controls (Ireland), Siemens (Germany), Ingersoll Rand (US), ABB (Switzerland), Leviton Manufacturing Company (US), Control4 (US), Crestron Electronics (US), Acuity Brands (US), Lutron (US), Remote Technologies Incorporated (US), Elan (US), ADT (US), AMX (US), Develco Products (Denmark), Vantage Controls (US), Savant Systems (US), and SmartThings (US).
The Cryocooler Market is expected to grow from USD 2.3 billion in 2020 to USD 3.1 billion by 2025, at a CAGR of 6% during the forecast period. The report profiles key players such as Sumitomo Heavy Industries (Japan), Chart Industries (US), Sunpower (US), Cryomech (US), Northrop Grumman Corporation (US), Advanced Research Systems (US), DH Industries (The Netherlands), Janis Research Company (US), RICOR – Cryogenic & Vacuum Systems (Israel), Superconductor Technologies (US), and Air Liquide (France).
The Signal Conditioning Modules Market is expected to grow from USD 1.0 billion in 2020 to USD 1.2 billion by 2025, at a CAGR of 3.4% during the forecast period. The key players operating in the signal conditioning modules market include Rockwell Automation, Inc. (US), Siemens (Germany), Phoenix Contact GmbH & Co. KG (Germany), Schneider Electric (France), Pepperl+Fuchs (Germany), Yokogawa Electric Corporation (Japan), TE Connectivity Ltd. (US), Advantech Co., Ltd. (Taiwan), ABB (Switzerland), and AMETEK, Inc. (US).
The global intelligent flow meter market is expected to reach USD 3.1 billion by 2025; growing at a CAGR of 4.4% during the forecasting period. The key players operating in the intelligent flow meter market include ABB (Switzerland), Emerson Electric (US), Siemens (Germany), Endress+Houser (Switzerland), Honeywell International (US), Yokogawa Electric (Japan), Baker Hughes (US), and Azbil (Japan) among others.
The Rapid Liquid Printing Market is expected to grow from USD 48 million in 2023 to USD 284 million by 2027, at a CAGR of 55.6% during the forecast period. Major players involved in the rapid liquid printing market include Steelcase (US), Stratasys (US), 3D Systems (US), Materilise (Belgium), ExOne (US), EOS (Germany), Dassault Systemes (France), Autodesk (US), Native Canada Footwear (Canada), and BMW (Germany).
The Valve Driver Market is expected to grow from USD 421 million in 2020 to USD 519 million by 2025, at a CAGR of 4.3% during the forecast period. Danfoss (Europe), Parker Hannifin (US), Emerson Electric Co. (US), Eliwell Controls (Europe), Carel Industries (Europe), MKS Instruments (US), Hydraforce Inc. (US), Hussmann Corporation (US), Sanhua (Spain), and Fujikoki Corporation (Japan) are among a few major players in the valve driver market.
The Instrumentation Valves and Fittings Market is expected to grow from USD 2.4 billion in 2020 to USD 3.7 billion by 2025, at a CAGR of 9.4% during the forecast period. A few of the key players in the instrumentation valve and fittings market are Parker Hannifin (US), CIRCOR International (US), Swagelok (US), Safelok (UK), Hy-Lok Corporation (South Korea), and Ham-Let (US), AS-Schneider (Germany), Hex Valve (US), Bray International (US), Fuijikin Incorporated (Japan), Dwyer Instruments (US), SSP Fittings Corporation (US).
The 3D machine vision market was valued at USD 1.5 billion in 2020 and is projected to reach USD 2.4 billion by 2025; it is expected to grow at a CAGR of 9.4% from 2020 to 2025. The key players in the ecosystem of the 3D machine vision market profiled in this report are OMRON Corporation (Japan), Keyence Corporation (Japan), Cognex Corporation (US), Basler AG (Germany), National Instruments (US), ISRA Vision AG (Germany), TKH group (Netherlands), Stemmer Imaging (Germany), MVTec Software GmbH (Germany), and Tordivel AS (Norway). These players have adopted various growth strategies, such as product launches, acquisitions, partnerships, and agreements, to expand their presence in the global machine vision market further. Acquisitions and new product launches and developments have been the most dominating strategies adopted by major players from January 2017 to May 2020, which helped them to innovate on their product offerings, cope up with the COVID-19 outbreak and broaden their customer base.
The Asset Management System Market is expected to grow from USD 16.8 billion in 2020 to USD 27.4 billion by 2025, at a CAGR of 10.3% during the forecast period. The key players operating in the asset management system market include Zebra Technologies Corp. (US), Stanley Black and Decker, Inc. (US), SATO Holdings Corp. (Japan), Impinj, Inc. (US), Honeywell International Inc. (US), Datalogic S.p.A (Italy), Trimble Inc. (US), TomTom International BV (Netherlands), and Topcon Corp. (Japan). Other companies include NCR Corp. (US), Cognex Corp. (US), Fleetmatics LLC (US), and Teletrac Navman Group (US).
The explosion proof equipment market is expected to reach USD 9.9 billion by 2025, at a CAGR of 5.9% during the forecasting period. The major players in the Explosion proof equipment market are Siemens (Germany), Honeywell International, Inc. (US), ABB Ltd. (Switzerland), Rockwell Automation, Inc. (US), and Eaton Corporation Plc (Ireland).
The Wireless Gas Detection Market is expected to grow from USD 1.5 billion in 2020 to USD 1.9 billion by 2025, at a CAGR of 4.8% during the forecast period. Honeywell International (US), DRÄGERWERK (Germany), Yokogawa Electric corporation (Japan), MSA Safety (US), Agilent Technologies (US), Teledyne Gas and Flame Detection (US), Siemens (Germany), United Electric Control (US), Sensidyne (US), Pem-tech (US), Airtest Technologies (Canada), Crowcon Detection Instruments (UK), Otis Instruments (US), Tek Troniks (UK), Emerson Electric (US), Ambetronics Engineering (India), GDS Corp (US), Bacharach (US), Onebee (India), and Gastronics (US) are a few major companies dominating the wireless gas detection market.
The valve controller market is expected to reach USD 2.2 billion by 2025. growing at a CAGR of 3.7% during the forecast period. Emerson (US), Metso (Finland), CIRCOR (US), ABB (Switzerland), Schneider Electric (France), Flowserve Corporation (US), SMC Corporation (Japan), Azbil (Japan), Baker Hughes (US), Rotork (UK), Siemens (Germany), IMI (UK), CLA-VAL (US), Dymax Corporation (US), Tokyo Keiki (Japan), Curtiss Wright Group (US), and Samson Controls (Germany) are few of the major players in the valve controller market.
The COVID-19 Impact on Smart Manufacturing Market is expected to grow from USD 181.3 billion in 2020 to USD 220.4 billion by 2025, at a CAGR of 4.0% during the forecast period. Some of the companies involved in the development of smart manufacturing solutions include 3D Systems (US ), CISCO (US), General Electric (US), Honeywell (US), IBM (Europe), Mitsubishi Corporation (Japan), Schneider (Europe), Siemens (Europe), Oracle (US), SAP (Europe), Yokogawa (Japan) and Stratasys (US).
The global micromachining market is expected to reach USD 3.3 billion by 2025 from USD 2.4 billion in 2020, at a CAGR of 6.2% during the forecasting period. Major players operating in the global micromachining market are Coherent, Inc. (US), Georg Fischer Ltd. (Switzerland), Makino Milling Machine Co., Ltd. (Japan), Lumentum Holdings Inc. (US), Mitsubishi Heavy Industries, Ltd (Japan), DATRON Dynamics, Inc. (US), Han’s Laser Technology Industry Group Co., Ltd (China), Electro Scientific Industries, Inc. (US), IPG Photonics Corporation (US), and Heraeus Holding GmbH (Germany), among others. Other companies include OMAX CORP. (US), 3D Micromac (Germany), Lasea (Belgium), Posalux SA (Switzerland), SCANLAB GmbH (Germany), Tornos S. A. (Switzerland), Swisstec 3D Akus AG (Switzerland), Kugler GmbH (Germany), and GFH GmbH (Germany), among others.
The global magnetic separator market is expected to grow USD 928 million by 2025, at a CAGR of 5.1% during the forecasting period. Major players in the magnetic separator market include Eriez (US), Metso (Finland), STEINERT (Germany), Nippon Magnetics (Japan), Goudsmit Magnetics (Netherlands), Industrial Magnetics (US), Eclipse Magnetics (UK), Bunting Magnetics (US), Multotec (South Africa), and KW Supply Magneetsystemen (Netherlands).
The Plant Asset Management Market (PAM) is expected to grow from USD 5.5 billion in 2019 to USD 9.4 billion by 2024, at a CAGR of 11.3% during the forecast period. Major players in the PAM market are Emerson (US), Honeywell (US), Rockwell (US), ABB (Switzerland), Schneider (France), Yokogawa (Japan), General Electric (US), Siemens (Germany), and SKF Group (Sweden).
The Touch Probe Market is expected to grow from USD 606 million in 2020 to USD 736 million by 2025, at a CAGR of 4.0% during the forecast period. Major players involved in the touch probe market include Renishaw (UK), Hexagon (Sweden), DR. Johannes Heidenhain (Germany), Blum-Novotest (Germany), Tormach (Australia), Metrol (Japan), Marposs (Italy), Carl Zeiss (Germany), P-Tech Industries (India), and J&M Precision Products (US).
The Mine Ventilation Market is expected to grow from USD 326 million in 2019 to USD 401 million by 2024, at a CAGR of 4.3% during the forecast period. Major players involved in the Mine Ventilation market include ABB (Switzerland), Epiroc (Sweden), Howden (UK), Stantec (Canada), Twin City Fan (US), ABC Industries (US), Chicago Blowers (US), DMT (Germany), TLT Turbo (Germany), and New York Blower Company (US).