The crimping tools market is experiencing steady growth, driven by the increasing demand for efficient and reliable crimping solutions in various industries such as automotive, aerospace, electronics, and telecommunications. The market revenue for crimping tools has been consistently rising, with a CAGR 5.7% of reflecting this upward trend. Crimping tools are essential devices used for securing connectors or terminals to wires, cables, or conductors by creating a mechanical or electrical connection.
The stainless-steel cable ties market is expected to grow at a CAGR of 5.5% during the forecast period of 2024 to 2032, driven by the increasing demand for durable and reliable fastening solutions across various industries. Stainless steel cable ties are widely used for bundling and securing cables, pipes, and other components in harsh and demanding environments. They are known for their high tensile strength, resistance to corrosion, and excellent temperature resistance, making them suitable for a wide range of applications.
The light gauge steel framing market is expected to grow at a CAGR of 5.5% during the forecast period of 2024 to 2032. Light gauge steel framing involves the use of thin steel sections to construct load-bearing structures, offering several advantages such as durability, strength, and design flexibility. The market revenue of light gauge steel framing is driven by the growing demand for cost-effective and sustainable construction solutions across various sectors, including residential, commercial, and industrial.
The global industrial explosion protection market is expected to grow at a CAGR of 6.6% during the forecast period from 2024-2032. The rising demand for food, metal, oil & gas, and energy is the primary factor that is expected to contribute to the expansion of the industrial explosion protection market over the period of the forecast, 2024-2032.
The global market for industrial cameras is projected to expand at a CAGR of 6.5% during the forecast period of 2024 to 2032. The worldwide industrial camera market is being propelled by the expansion of manufacturing and automation activities across several industry verticals. Industrial camera systems are commonly used in factory automation for inspection purposes.
The global clad pipe market is expected to reach US $3870.4 Million by 2031 from US $2500 Million in 2023, thereby registering a CAGR of 5.10% during the forecast period of 2024 to 2032. it is anticipated that the market for clad pipes will demonstrate a CAGR of 5.10%. during the forecast period of 2024 to 2032.
Modular robotic systems are self-configurable modular robots or self-configuring robotic units that can reconfigure themselves to adapt to the changing environment. These robots are capable of performing different functions or roles such as designing, controlling, fabricating and motion controlling on the basis of their different shapes. Modular robotics uses 3D patterned lattice architecture for assembling various components of the robot.
The global automated border control market was valued at US$ 526.7 Mn in 2017 and expected to expand at a CAGR of 18.3% during the forecast period from 2018 to 2026. National borders are strategic transit points and hence demand implementation of highest standards of control for protecting passengers and citizens alike.
Industrial Control Systems (ICS) encompasses control, monitoring and data acquisition systems designed for industrial processes. These systems are used in range of applications such as water treatment, gas and electricity distribution, oil refining, railway transportation, manufacturing goods and others. In the last decade, ICS have passed through a significant transformation from proprietary, isolated systems to open architectures. Moreover, standard ICS technologies highly interconnected with external/business networks and the Internet.
Automobile has become an inseparable part of modern day life style. Due to factors such as growing discretionary income of people along with continual advancement, the industry has witnessed profound growth over the past few decades. However, the overall automotive industry has been witnessing consistent challenges such as goods and passenger safety, comfort and fuel economy.
The global market size for industrial controls is expected to cross US $200 billion by 2030, growing at an expected CAGR of 6% between 2023 and 2030. Industrial control systems comprise diverse automation equipment, machinery, and components. These systems are designed to monitor, regulate, and automate a variety of industrial tasks and procedures with high precision, enhanced product quality, and dependability. ABB Ltd., Mitsubishi Electric Factory Automation, Siemens, Honeywell International Incorporation, Emerson Electric Company, and Schneider Electric SA are among the top market players in industrial controls.
Increased demand for cloud-based services and an increase in the deployment of smart grid solutions to protect critical infrastructures from cyberattacks offer lucrative growth potential for the industrial controls market. As a result of cyber-attacks on vital infrastructure, organizations are continuously developing new control and monitoring methods for systems that provide real-time visibility to manage suspicious activity and take appropriate action. As a result of this feature, it is anticipated that the industry would gain momentum during the projection period. In addition, a number of industry leaders have developed new technologies and systems to expand their portfolios of industrial control systems, resulting in a major expansion of the industrial control market.
Increased demand for cloud-based services and an increase in the deployment of smart grid solutions to protect critical infrastructures from cyberattacks offer lucrative growth potential for the industrial controls market. As a result of cyber-attacks on vital infrastructure, organizations are continuously developing new control and monitoring methods for systems that provide real-time visibility to manage suspicious activity and take appropriate action. As a result of this feature, it is anticipated that the industry would gain momentum during the projection period. In addition, a number of industry leaders have developed new technologies and systems to expand their portfolios of industrial control systems, resulting in a major expansion of the industrial control market.
Businesses in the industrial controls market have benefited greatly from the expertise of Acute Market Reports. With the data provided by Acute Market Reports, our customers are able to make strategic, forward-thinking business decisions. We work with many different companies and organizations in order to provide our clients with the best possible strategic research solutions in the industrial control segment.
