Market Development During the COVID-19 pandemic, the intralogistics sector gained high importance as most companies shifted their ways to digital platforms. Intralogistics is paving its way ahead in terms of system integration with the warehouse and distribution networks of end-use industries. Increasing penetration of developing and developed countries in the logistics and automobile end-use sectors
The worldwide electric grill market is assessed at USD 2,117 Million out of 2022 and is conjecture to outperform USD 4,283 Million by 2032, developing at a CAGR of 7.3% during 2022-2032. The worldwide electric grill market contributed by giving around ~1% of the complete income created by worldwide cooking apparatuses market in 2021. The
The global arc flash protection market is projected to garner revenue worth US$ 4 billion by 2032, advancing at 5.2% CAGR from 2022 to 2032, as per this latest industry analysis by Fact.MR, a market research and competitive intelligence provider. Thousands of incidents occur across the world due to an electric arc or arc flash,
The digital twin market is projected to reach USD 20.60 billion by 2023, at a CAGR of 28.5% during the forecast period. Digital twins are digital replications of physical entities, such as machines, industrial processes, and products. Digital twins are used to monitor and optimize the performance, and to predict the failure of machines and
The temporary power market has come to the forefront to bridge the energy demand from semi-permanent sources. Usage of temporary power in the building, construction, and renovation industries is imperative. While temporary power sources save electricity to fit the bill, its installation requires applicable codes, standards, and regulations. The perks of using temporary power over conventional one
Lead acid battery market to surpass US$ 106 Bn mark by 2029, with heightened demand from transportation industry. Absorbent Glass Mat (AGM) lead acid battery is estimated to create an absolute $ opportunity of around US$ 15. A specified study of the competitive landscape of the global Lead Acid Battery Market has allow, providing insights into the corporate
The worldwide ultrafast laser market is expected to be worth US$ 1.4 Bn in 2021. According to Fact.MR, the global market value will total US$ 5.2 Bn by 2031, expanding at an astounding 14% CAGR across the 2021-2031 forecast period. Ultrafast lasers have become critical across automotive, medical devices, and consumer electronics industries, due to
Current transformers are designed to decrease or increase alternating current in its primary. This function provide the power to disconnect devices and relay windings.Current transformers are used in power plants, substations, industries, and commercial spaces for metering and protection purposes. The energy and manufacturing sector use metering current transformers where direct connection of metering devices is not
The global demand for oil refining pumps is expected to surpass 3 million tons by 2018 end, according to a latest Fact.MR report on oil refining pumps market. Rising oil and gas production, and increase in petroleum-based power generation are driving oil refining pumps demand. The oil supply has sharply increased from Russia, Middle East,
Consumption of coal remains strong across industries due to its low price, which is also leading to strong sales of coal handling systems, globally. These systems are an integral part of a plant’s material flow and coal quality management. Coal handling system are largely used across industries, especially at coal mining plants, thermal power stations, and ports.
