Global Industry Analysts, Inc. - Influencer Driven AI Powered Real-Time Market Intelligence

The global market for Power Management System is projected to reach US$5.7 billion by 2025, driven by digitalization, electronification and electrification trends sweeping through industries ranging from automotive, maritime transport, oil & gas, mining, heavy engineering to process manufacturing. In sync with digital maturity, electrification and digitalization of everything (DOE) is hitting a peak. On the back of this digital transformation comes the critical need for power management to ensure optimum utilization of power by electrical and electronic systems. With automation, robotics and IoT connectivity proliferating in smart factories around the world, there is a critical need to ensure robustness of electrical systems. Power management systems, in this regard, help improve reliability of electrical distribution and optimize consumption. Plant assets involving hydraulics, electric motors, electrical generators, turbines, and electrical heavy machinery need a mechanism for...

The global market for Enterprise Manufacturing Intelligence is projected to reach US$5.2 billion by 2025, driven by the growing focus on improving manufacturing competitiveness against the backdrop of factors such as dynamic market environments, rapidly changing consumer needs and expectations, growing proficiency of competitors, cost pressures and disruptive rise of myriad technology options. The competitive load on the manufacturing sector is intensifying as the era of globalization creates boundary less business and trade transactions. In the face of low cost competition from China, manufacturing companies in North America, Europe and Southeast Asia are feeling the urgent need for improve their manufacturing competitiveness. And key in this regard is the use of business intelligence (BI) tools to assimilate data and generate insights that can improve production processes and productivity. Given that the manufacturing industry has inherently complex, multiple, convoluted operat...

The global market for Power Transformers is projected to exceed US$33 billion by 2025 , driven by the ubiquity of high voltage electricity transmission as utilities strive to reduce transmission losses coupled with favorable macro factors such as growing electricity demand, rise of smart grids, and utility spending on upgrading T&D infrastructure. Transformers are designed to deliver high power to volume and power to weight ratios to lower production and installation costs as well as high voltages to enhance transmission efficiencies. The growing demand for electricity due to increasing global population coupled with rapid urbanization and industrialization in emerging countries continue to keep the power generation industry under immense strain. Driven predominantly by the need to enhance the controllability as well as efficiency of power transmission infrastructure by minimizing transmission losses and effectively co-coordinating the supply of power in order to meet the de...

The global market for Palletizing Machinery is projected to reach US$2.9 billion by 2024 , driven by high thrust on industrial automation in the era of smart manufacturing, effervescent technology advancements and innovations, and healthy outlook for end-user industries. A pallet is a raised platform upon which products and items are placed in the form of bags, cases, bottles, cans or boxes etc., to make bulk handling of products much more simple and flexible than ever imagined in end-of-line packaging and in transit consignments. With the exception of single unit parcel items, pallets are used in shipment of all types of products in any quantity that are unitized into a space-efficient, high-density, easily handled load for transportation throughout the distribution system. Palletizing equipment is optimized with the use of buffer systems to work as mechanical palletizers or to work with robots. The palletizers market is flourishing due to myriad benefits of palletizing machines th...

Continuous digitization of operations in the O&G sector and growing need for robust, scalable, and collaborative environments for remote asset monitoring in the oil & gas industry are poised to drive the global market for Oilfield Communications to reach US$5.3 billion by 2024 . Oilfield communication includes all the communication technologies used in oilfields for providing support to oil & gas companies that need advanced monitoring, automation, and reporting technology. With the era of ‘easy oil’ almost drawing to a close, the digital oil field (DOF), which is a long-established concept, is gaining more traction within the oil & gas industry. Oil and gas industry is characterized by remote inaccessible locations and hostile environment amid disruptive weather conditions. The ongoing digitization of operations in the O&G sector, from onshore and offshore oil and gas platforms to remote exploration has resulted in growing demand for communication technologie...