Air Fryer Market Insights: Consumer Preferences and Innovations

 The global air fryer market was valued at USD 1.28 billion in 2023 and is projected to reach USD 2.07 billion by 2030, growing at a CAGR of 7.9% from 2024 to 2030. Key drivers of this growth include increasing health consciousness among consumers, continuous product innovations, and the convenience and versatility of air fryers. Additionally, social media trends and celebrity endorsements have significantly influenced consumer behavior, further boosting market demand.

 

Enhanced features in both automatic and manual air fryers—including improved design and user-friendly interfaces—are expected to continue supporting market expansion. Health-focused consumers are increasingly opting for air fryers to reduce oil consumption, manage weight, and prevent lifestyle-related diseases. The growing use of air fryers in commercial settings such as restaurants, hotels, and hospitals further underscores their rising popularity.

 

A 2022 study published by the National Library of Medicine highlighted that optimal air frying processes can reduce harmful Maillard reaction products and improve starch digestibility in foods like potato strips, without causing sudden spikes in blood sugar levels. These health benefits have made air frying a preferred method for consumers seeking healthier cooking alternatives. Cost-efficiency and energy-saving capabilities are also important factors contributing to the appeal of air fryers. Many models now come equipped with digital features such as touchscreen panels and temperature control, further enhancing usability and consumer satisfaction.

 

E-commerce platforms have played a critical role in expanding the air fryer market, supported by effective marketing strategies and competitive pricing. Rising disposable incomes and evolving lifestyles have led consumers to adopt more sophisticated kitchen appliances, contributing to the growth of the air fryer market worldwide.

 

Key Market Trends & Insights

 

• North America led the global air fryer market with a 37.6% revenue share in 2023. The preference for healthier cooking methods and growing adoption of air fryers to reduce oil use are major growth drivers in the region. The integration of advanced technologies, such as AI-enabled air fryers, is further enhancing user experience and fueling regional demand.
• By device type, the automatic air fryer segment accounted for the largest market share at 58.4% in 2023. These models offer digital displays, precise temperature and time control, and smart features like shake reminders, warm-up modes, and Wi-Fi/Bluetooth connectivity, providing a more convenient and efficient cooking experience.
• By capacity, the up-to-4-liter segment dominated with a 48.4% market share in 2023. These smaller-capacity air fryers are ideal for household use, requiring less space and consuming less energy, which also supports environmental sustainability.
• By application, the residential segment held the highest share of 67.2% in 2023. Consumers are increasingly using air fryers at home due to their ability to prepare healthier meals with minimal oil. The expansion of modular kitchens and the launch of advanced, compact air fryer models for home use have further boosted demand in this segment.
• By distribution channel, the offline segment commanded the majority of the market with a 73.1% share in 2023. Given the relatively high cost of air fryers, many consumers prefer to inspect the product in person before making a purchase, supporting strong sales through physical retail outlets.

 

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Market Size & Forecast

• 2023 Market Size: USD 1.28 Billion
• 2030 Projected Market Size: USD 2.07 Billion
• CAGR (2024-2030): 7.9%
• Leading Region (2023): North America

 

Key Companies & Market Share Insights

 

Prominent players in the global air fryer market include Koninklijke Philips N.V., SharkNinja Operating LLC, Cuisinart, BLACK+DECKER, and Dash. Companies are actively pursuing strategic initiatives such as mergers, acquisitions, and partnerships to expand their customer base and strengthen market positioning.

 

• SharkNinja Operating LLC is a global design and technology company with a diverse product range including air fryers, vacuum cleaners, blenders, and air purifiers. Their strong brand portfolio and innovation-driven approach contribute significantly to their market presence.
• Havells India Limited, a major player in the electrical and consumer goods sector, also participates in the air fryer market. The company offers a variety of household appliances, leveraging its wide distribution network and product innovation to reach a broader consumer base.

 

Key Players

 

• Koninklijke Philips N.V.
• SharkNinja Operating LLC
• Cuisinart.
• the BLACK + DECKER
• Dash
• Breville Site.
• Havells India Ltd.
• TTK Prestige Ltd.
• Corelle Brands LLC.
• Tefal

 

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Conclusion

 

The global air fryer market is experiencing robust growth, driven by shifting consumer preferences toward healthier cooking methods, technological innovation, and rising awareness of energy efficiency. With growing demand across both residential and commercial sectors, and strong sales through offline and online channels, the market is expected to maintain a steady upward trajectory. North America continues to lead due to its advanced consumer base and product innovation, while global players are investing heavily in R&D and strategic partnerships to capture emerging opportunities. As disposable incomes rise and modern lifestyles evolve, air fryers are becoming an increasingly essential part of the contemporary kitchen.

Battery Raw Materials Market: Challenges and Solutions for Sustainable Sourcing

 The global battery raw materials market was valued at USD 53.55 billion in 2023 and is anticipated to reach USD 95.75 billion by 2030, growing at a CAGR of 8.8% from 2024 to 2030. This growth is driven by the increasing demand for lithium-ion batteries in the automotive sector, particularly due to the rising popularity of electric vehicles.

Moreover, the growing adoption of renewable energy sources, such as wind and solar, is expected to enhance the need for energy storage solutions, further propelling market growth. The proliferation of portable electronic devices like laptops and smartphones will likely also contribute to the demand for battery materials in the coming years. Continuous technological advancements aimed at improving battery performance, including the potential future use of nuclear batteries, are projected to create new opportunities for industry expansion.

Companies within the battery raw materials sector operate as miners and processors of raw materials essential for rechargeable batteries utilized in electric vehicles, consumer electronics, and more. These companies are increasingly adopting green extraction technologies to minimize energy and water consumption during material processing, aiming to attract a larger consumer base while mitigating environmental degradation.

Key Market Trends & Insights

• Asia Pacific battery raw materials market dominated the market with the largest revenue share of 35.5% in 2023.

• The battery raw materials market in the U.S. accounted for the largest share of 74.9% in North America in 2023.

• By battery type, lead acid battery segment was the largest segment and accounted for 66.6% of the global revenue share in 2023.

• By Material, the electrodes segment of lead-acid battery led the material segment and accounted for a revenue share of 81.5% in 2023.

• By application, the automotive application of lead-acid battery has dominated with a revenue share of 56.7% in 2023.

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Market Size & Forecast

• 2023 Market Size: USD 53.55 Billion
• 2030 Projected Market Size: USD 95.75 Billion
• CAGR (2024-2030): 8.8%
• Asia Pacific: Largest market in 2023

Key Companies & Market Share Insights

Some key players in the battery raw materials industry include:

• Targray: This company focuses on sourcing, storing, transporting, and supplying sustainable materials for various sectors, including solar energy, renewable fuels, batteries, agricultural commodities, and carbon trading.

• Nichia Corporation: Based in Japan, Nichia manufactures and distributes fine chemicals, particularly phosphors and battery materials, as well as light-emitting diodes (LEDs) and laser diodes. The company operates in several countries, including the U.S., China, and India.

Emerging participants in the battery raw materials market include:

• Celgard LLC: Specializing in high-performance membrane technology, Celgard produces a diverse range of products, including technical textiles, medical personal protective equipment (PPE), and lithium-ion batteries, with manufacturing facilities in the U.S. and China.

• NEI Corporation: A U.S.-based producer of advanced materials, NEI's product portfolio encompasses battery materials, protective clothing, electrospun mats, and heat transfer fluids.

Key Players

• Targray
• ENTEK
• BASF Catalysts LLC
• DuPont
• Hitachi, Ltd.
• Nichia Corporation
• Mitsubishi Chemical Group Corporation
• Celgard LLC
• Umicore N.V.
• NEI Corporation

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Conclusion

The global battery raw materials market growth is primarily driven by rising demand for lithium-ion batteries in electric vehicles and the increasing adoption of renewable energy sources, which boosts the need for energy storage solutions. Additionally, the expansion of portable electronic devices will further enhance demand for battery materials. Companies in this sector are adopting green extraction technologies to reduce energy and water usage, aiming to attract more consumers while protecting the environment. Continuous technological advancements, including the potential use of nuclear batteries, present further growth opportunities.

Smart TV Market Evolution: From Connected Devices to Smart Home Hubs

  The global smart TV market was valued at an estimated USD 227.52 billion in 2024. This market is anticipated to expand significantly, reaching USD 451.26 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 12.8% during the period from 2025 to 2030. This growth is primarily driven by the increasing integration of streaming services and robust internet connectivity. With consumers transitioning away from conventional cable and satellite offerings, Smart TVs provide seamless access to on-demand streaming platforms, gaming, and social media from a single device.

Furthermore, advancements in high-definition display technologies, such as 4K and 8K resolutions, are enhancing the viewing experience and stimulating consumer demand. The rising internet penetration, particularly in emerging economies, further supports this demand by enabling access to online content and connectivity. Concurrently, the declining manufacturing costs of Smart TVs have made them more accessible, accelerating their global adoption. Governments globally are implementing various initiatives to foster the growth of the Smart TV industry, aligning with broader digital transformation agendas. Numerous nations are encouraging the production and uptake of electronic goods, including Smart TVs, through subsidies, tax incentives, and reduced import duties, aiming to attract foreign investment and stimulate domestic manufacturing.

In certain regions, governments are actively improving internet infrastructure, which indirectly boosts Smart TV sales by ensuring the stable and high-speed connections essential for streaming. For example, initiatives aimed at improving digital literacy and subsidizing internet access enable a larger population to explore the advantages of Smart TVs, thereby contributing to overall market expansion.

Key Market Trends & Insights

• In 2024, the Asia Pacific region held a significant share of the smart TV market. This promising growth is attributed to rapid economic development in countries like China, India, and Southeast Asian nations. Increased disposable incomes in these areas are enabling more consumers to purchase home entertainment products.

• By resolution, the 4K Ultra High Definition (UHD) segment commands a substantial share in the smart TV market. This is largely due to the growing demand for high-resolution displays, which provide clearer and more immersive viewing experiences.

• Based on screen size, the 46 to 55-inch smart TV segment holds a high market share. This popularity stems from its versatility and suitability for diverse living spaces. Consumers favor this size for a large screen that fits comfortably in both small and medium-sized rooms, offering an immersive viewing experience without needing extra space.

• By operating system, android TVs account for a large share of the smart TV market. This is driven by the platform's open ecosystem, broad application compatibility, and user-friendly interface. Android TV's access to the Google Play Store, allowing users to download a wide array of apps, games, and streaming services, further boosts its appeal.

• In terms of distribution channel, the online segment captured a significant revenue share in 2024. This is due to the convenience and vast selection available through e-commerce platforms. Consumers are increasingly using online channels to compare brands, models, and prices before buying, helping them find the best deals.

• By technology, LED technology dominates the Smart TV market. Its energy efficiency, brightness, and affordability are key factors. LED Smart TVs offer sharp picture quality and vibrant colors, making them suitable for most viewing environments. Their long lifespan and relatively lower production costs also make LED TVs accessible to a wide range of consumers.

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Market Size & Forecast

• 2024 Market Size: USD 227.52 billion
• 2030 Projected Market Size: USD 451.26 billion
• CAGR (2025-2030): 12.8%
• Asia Pacific: Largest market in 2024

Key Companies & Market Share Insights

Leading companies are strengthening their market position through various strategies, including partnerships, ventures, innovation, research and development, and geographical expansion. They're also focused on enhancing their product offerings to meet evolving user needs and stay competitive. A significant trend is streaming platforms collaborating with manufacturers to pre-install their applications on smart TVs, giving customers immediate access. For instance, Netflix and Amazon Prime are pre-installed on Samsung and LG smart TVs.

Key Players in the Smart TV Market:

• Haier Group Corporation: This multinational company is a major player in home appliances and consumer electronics. Haier has become one of the world's largest manufacturers of white goods, with a wide range of products including refrigerators, air conditioners, washing machines, and televisions. They have manufacturing plants, design centers, and marketing networks established globally.

• Hisense International Co., Ltd.: A multinational electronics and appliance manufacturer, Hisense has emerged as a leader in consumer electronics, producing televisions, refrigerators, air conditioners, and mobile phones. The company has a global presence, offering its products and services in more than 130 countries.

Key Players

• Haier Inc.
• Hisense International
• Intex Technologies
• Koninklijke Philips N.V
• LG Electronics Inc
• Panasonic Corporation
• Samsung Electronics Co. Ltd
• Sansui Electric Co. Ltd
• Sony Corporation
• TCL Electronics Holdings Limited
• Toshiba Visual Solutions (TVS Regza Corporation)

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Conclusion

The global smart TV market expansion is driven by the increasing integration of streaming services and internet connectivity, allowing consumers to easily access on-demand content, gaming, and social media. The market also benefits from advancements in 4K and 8K display technologies, rising internet penetration in developing regions, and the decreasing cost of manufacturing smart TVs. Furthermore, governments worldwide are actively promoting the smart TV industry through subsidies, tax incentives, reduced import duties, and improvements in internet infrastructure, all of which contribute to broader market growth and digital transformation.

Laser Processing Market: Investment Opportunities and Strategic Partnerships

 The global laser processing market size is expected to reach USD 42.73 billion by 2030, registering a CAGR of 10.0% from 2025 to 2030, according to a new report by Grand View Research, Inc. The rising utilization of expensive laser-drilling techniques for oil and gas exploration purposes is projected to substitute the traditional methods. Decreasing drilling costs are anticipated to increase the feasibility of uneconomic oil deposits, thus positively impacting the market growth. The growing need for this type of processing in industrial solar modules is further expected to fuel the market growth.

 

Gather more insights about the market drivers, restrains and growth of the Global Laser Processing Market

 

The requirement for laser technology in the medical sector is projected to witness significant growth due to increasing technological advancements. These technical developments offer faster recovery time, smaller incisions, and lesser pain. The increasing adoption of these methodologies is expected to spur the demand for surgical lasers. Advancements leading to enhanced edge quality and cutting speeds are anticipated to offer growth avenues for the market. Furthermore, the manufacturing sector has increased the adoption of laser technology for processing the material due to many advantages over traditional material processing, which is expected to be one of the major factors driving the market.

 

Significant investments by the market players in R&D are fueling the growth of the market. For instance, Fudan University researchers led by Profs. X. Wu, M. Lu, and S.-Y. Zhang produced an all-silicon laser with high optical gains using silicon nanocrystals. Silicon nanocrystals are similar to GaAs and InP. All-silicon laser combines optoelectronics and microelectronics used in various fields such as sensing, communication, displays, detection, and imaging.

 

Laser Processing Market Report Highlights

• The gas lasers segment led the market in 2024, accounting for over 65% of the global revenue. Laser cutting is increasingly used for processing metals and alloys, allowing for fast, precise cuts with minimal waste.

• The material processing segment accounted for the largest market revenue share in 2024. Laser processing is essential for metals due to its ability to achieve precise cuts, welds, and engravings, which are highly valued in the automotive and aerospace industries.

• The machine tools segment accounted for the largest market revenue share in 2024. Fiber lasers are increasingly popular in machine tools due to their high efficiency, power output, and lower maintenance requirements compared to CO? lasers.

• North America laser processing market has a significant revenue share of over 29% in 2024. North America is witnessing strong growth in laser processing, largely driven by the automotive and aerospace industries.

• The laser processing market in the Asia Pacific region is anticipated to register the highest CAGR over the forecast period.

 

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• The global inspection camera system market size was valued at USD 390.0 million in 2024 and is expected to grow at a CAGR of 11.2% from 2025 to 2030.

• The global ATM market size was estimated at USD 25.29 billion in 2024 and is projected to grow at a CAGR of 3.6% from 2025 to 2030.

 

Segments Covered in the Report

 

Grand View Research has segmented global laser processing market based on product, process, end-use, and region:

 

Laser Processing Product Outlook (Revenue, USD Million; 2018 - 2030)

• Gas Lasers

• Solid-state Lasers

• Fiber Lasers

• Others

 

Laser Processing Process Outlook (Revenue, USD Million; 2018 - 2030)

• Material Processing

• Marking and Engraving

• Micro-Processing

 

Laser Processing End-use Outlook (Revenue, USD Million; 2018 - 2030)

• Automotive

• Aerospace

• Machine Tools

• Electronics and Microelectronics

• Medical

• Packaging

 

Laser Processing Regional Outlook (Revenue, USD Million; 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

  • South Korea

• Latin America

  • Brazil

• Middle East & Africa (MEA)

  • UAE

  • South Africa

  • Saudi Arabia

 

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Non-destructive Testing Market Insights, Emerging Technologies and Applications

 The global non-destructive testing market size is anticipated to reach USD 34,148.1 million by 2030, registering a CAGR of 7.9% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market is expected to experience substantial growth during the forecast period. This growth can be attributed to the increasing manufacturing activities in both developing and developed nations.

 

The application of non-destructive testing (NDT) plays a crucial role in precise fault detection, effectively reducing the probability of product/component failures and associated repair costs. NDT also accelerates the manufacturing process by eliminating potential faults beforehand. The market is expected to be driven by the advancements in non-destructive testing methods, as these technological improvements ensure accurate fault detection and significantly reduce the complexity of testing procedures.

Gather more insights about the market drivers, restrains and growth of the Global Non-destructive Testing Market

 

The ultrasonic testing segment is projected to experience substantial growth, which can be attributed to factors such as the equipment's user-friendly nature, the presence of skilled technicians, and the precise detection of faults. Furthermore, the manufacturing segment is anticipated to extensively adopt NDT techniques during the forecast period due to the growing awareness of their benefits and applications.

 

Non-destructive Testing Market Report Highlights

 

• The market is expected to exhibit a CAGR of 7.9% over the next eight years owing to a rise in manufacturing-related activities, globally

• The services segment accounted for the largest revenue share of over 75.0% in 2022. The high upfront cost of non-destructive equipment coupled with technical complexities involved in their deployment/installation is the major reason influencing end-users to outsource their non-destructive testing operations

• Rapid industrialization, especially in developing economies has significantly contributed to the growth of the market

• The manufacturing vertical segment was the dominant segment in 2022 and is expected to witness a healthy CAGR of 9.3% over the forecast period owing to the increased manufacturing activities primarily in Asia Pacific.

• North America dominated the market in 2022 and accounted for the largest revenue share of more than 36.0%, owing to the extensive adoption of NDT techniques in the region

 

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• The global 3D projector market size was valued at USD 3.72 billion in 2023 and is projected to grow at a CAGR of 10.0% from 2024 to 2030.

• The global inkjet coders market was valued at USD 1.81 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 11.1% from 2024 to 2030.

 

Segments Covered in the Report

 

Grand View Research has segmented the global non-destructive testing market based on offering, test methods, vertical, and region:

 

Non-destructive Testing Offering Outlook (Revenue, USD Million; 2017 - 2030)

• Services

  • Inspection Services

  • Support and Maintenance Services

  • Training Services

  • Others

• Equipment

 

Non-destructive Testing Test Methods Outlook (Revenue, USD Million; 2017 - 2030)

• Traditional NDT Method

  • Visual Testing

  • Magnetic Particle Testing

  • Liquid Penetrant Testing

  • Eddy Current Testing

  • Ultrasonic Testing

  • Radiographic Testing

• Digital Radiography (DR)

  • Phased Array Ultrasonic Testing (PAUT)

  • Pulsed Eddy Current (PEC)

  • Time-Of-Flight Diffraction (TOFD)

  • Alternating Current Field Measurement (ACFM)

  • Automated Ultrasonic Testing (AUT)

 

Non-destructive Testing Vertical Outlook (Revenue, USD Million; 2017 - 2030)

• Oil & Gas

  • Upstream

  • Midstream

  • Downstream

• Manufacturing

• Aerospace and Defense

• Construction

• Automotive

• Power Generation

• Others

 

Non-destructive Testing Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • U.K.

  • Germany

  • France

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

• Latin America

  • Brazil

  • Mexico

• Middle East and Africa (MEA)

  • KSA

  • UAE

  • South Africa

 

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Tankless Water Heater Market Dynamics: The Impact of Smart Home Technology

 The global tankless water heater market is experiencing significant growth. In 2022, the market size was valued at USD 3.49 billion, and it's projected to expand at a healthy compound annual growth rate (CAGR) of 8.7% from 2023 to 2030.

 

This growth is primarily driven by a growing consumer focus on sustainable energy use. Tankless water heaters offer a clear advantage in this regard. Compared to traditional models, they can be 24.0% to 34.0% more energy efficient, as documented by Energy.gov. This benefit extends to both residential and commercial sectors, where space-saving and energy-saving features are highly desirable. The increased adoption of tankless heaters in these areas is expected to be a major driver of market growth in the coming years.

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Furthermore, many tankless water heaters boast Energy Star ratings, solidifying their eco-friendly and cost-effective appeal for consumers. While they may have a higher upfront cost compared to conventional 40-gallon heaters, tankless models typically come with longer warranties and have a longer lifespan. This, coupled with the potential annual savings of USD 100 to USD 200 on electricity bills, makes them an attractive long-term investment. As a result, the market is expected to see a surge in replacements of existing water heaters with tankless models throughout the forecast period.

 

Regional Insights:

 

North America Tankless Water Heater Market Trends

North America is poised to experience the most rapid growth in the tankless water heater market, with an anticipated CAGR of 10.2% throughout the forecast period. This surge is primarily attributed to the rising awareness and adoption of eco-friendly products, coupled with increased product visibility. Furthermore, the presence of major industry players within the region is expected to further stimulate demand for tankless water heaters in the coming years. Consequently, North America is projected to exhibit the highest growth rate during the forecast period.

Europe Tankless Water Heater Market Trends

Europe held the largest market share in 2022, driven by high product adoption, shifting consumer preferences towards energy-efficient and economical products, and surging demand from the commercial sector (restaurants, hotels, hospitals). The increasing adoption of tankless water heaters in countries like Switzerland, Germany, and the U.K. further fuels regional demand.

 

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• The global soda water dispenser market size was valued at USD 1.23 billion in 2023 and is projected to grow at a CAGR of 5.6% from 2024 to 2030.

• The global electric face cleanser market size was valued at USD 8.97 billion in 2023 and is projected to grow at a CAGR of 5.9% from 2024 to 2030.

 

Key Companies & Market Share Insights

 

Manufacturers are focusing on integrating new & advanced technologies including smart control & monitoring features to enhance product service life and reduce maintenance time. In addition, major companies are focusing on enhancing their product portfolios with low price ranges that are suitable for diverse customer requirements.

• In January 2023, Bosch Thermotechnology Corp. a leading provider of advanced heating and cooling water systems, launched - Tronic 4000 C for under-sink applications and Tronic 6100 c for whole-house applications under its electric tankless water heater category. These products provide 100% electric, on-demand hot water and reduces the requirement of storage tank.

• In August 2022, Rinnai, a manufacturer of tankless water heaters launched the New RE Series Tankless Water Heater with Smart-Circ Intelligent Recirculation. The RE Series is compatible with the Wi-Fi module controller, to achieve scheduled recirculation or on-demand operations

• In January 2022, Bradford White Corporation introduced the Kwick Shot, a dependable and simple-to-install tankless electric water heater available in thermostatic and non-thermostatic models to meet a range of water temperature needs in a variety of everyday applications

 

Key Tankless Water Heater Companies

Some of the prominent players in the global tankless water heater market include:

• A. O. Smith
• Rheem Manufacturing Company
• Rinnai Corporation
• Bradford White Corporation
• Robert Bosch LLC
• EcoSmart Green Energy Products, Inc.
• StiebelEltron Inc.
• Takagi
• Noritz America
• Navien Inc.

 

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Industrial Automation and Control Systems Market Trends: Innovations Driving Growth

 The global industrial automation and control systems market size is anticipated to reach USD 378.57 billion by 2030, according to a new study by Grand View Research, Inc. The market is expected to reach at a CAGR of 10.8% from 2025 to 2030. The growth is attributed to the growing adoption of process automation in several industries, such as energy utilities, chemicals, and automotive. For instance, in April 2022, Kawasaki Heavy Industries, Ltd. established "Future Lab HANEDA" at HANEDA INNOVATION CITY, a substantial, multi-purpose complex with offices and retail facilities for the development of robotics products and services based on open innovation along with real-life implementation and demonstrations for their potential. This, in turn, is expected to drive market growth further during the forecast period.

 

Moreover, the companies are considerably reducing operational and labor costs, as well as significantly reducing errors associated with humans due to the system’s reliability and efficiency, which is projected to fuel the industrial automation and control systems market growth over the forecast period. The use of multiple robots as per need is expected to push the market growth further. For instance, in April 2022, Siemens AG unveiled the PXC7 smart automation controller, which is useful for large industrial buildings and speeds up engineering processes.

 

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Asia Pacific is anticipated to emerge as the fastest-growing market owing to the presence of emerging companies along with key market players. Some notable regional players are Kawasaki Robotics, Mitsubishi Electric Factory Automation, and Yokogawa Electric Corporation. Furthermore, emerging economies such as Thailand, Vietnam, and Indonesia have huge potential with a largely untapped market that drives substantial investments to develop manufacturing plants. This, in turn, is expected to fuel the market growth across the region.

 

Industrial Automation And Control Systems Market Segments Highlights:

• Based on component type segment, the industrial robots’ component segment is expected to grow at the highest CAGR of over 12% owing to rising trend of smart and automated factories during the advent of industry 4.0 boom.

• Based on control system segment, the distributed control system (DCS) control system segment accounted the highest market share of over 34% owing to fast pace of adoption of IIoT by industrialists.

• Based on vertical segment, the healthcare segment is expected to grow at the highest CAGR of over 11% owing to the growing trend of automation in surgeries and other health applications.

• Asia Pacific is expected to grow at the highest CAGR of over 13% during the forecast period from 2025 to 2030 as a result of developing countries in the region investing significantly in automation and smart manufacturing.

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• Tilt Sensor Market: The global tilt sensor market size to be valued at USD 288.7 million by 2025 and is expected to grow at a compound annual growth rate (CAGR) of 8.9% during the forecast period.
• Switchgear Market: The global switchgear market size was valued at USD 98.12 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 6.6% from 2023 to 2030.

 

Global Industrial Automation And Control Systems Market Report Segmentation

 

Grand View Research has segmented the global industrial automation and control systems market report based on component, control systems, end use, and region:

 

• Component Outlook (Revenue, USD Billion; 2018 - 2030)

  • HMI

  • Industrial Robots

  • Control Valves

  • Sensors

  • Others

• Control System Outlook (Revenue, USD Billion, 2018 - 2030)

  • DCS

  • PLC

  • SCADA

  • Others

• End Use Outlook (Revenue, USD Billion, 2018 - 2030)

  • Aerospace & Defense

  • Automotive

  • Chemical

  • Energy & Utilities

  • Food & Beverage

  • Healthcare

  • Manufacturing

  • Mining & Metal

  • Oil & Gas

  • Transportation

  • Others

• Regional Outlook (Revenue, USD Billion, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

    • Australia

  • Latin America

    • Brazil

  • Middle East & Africa

    • UAE

    • South Africa

    • Saudi Arabia 

 

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