Global Industrial Controls Market

The advanced packaging technologies market consists of sales of advanced packaging technologies by entities (organizations, sole traders, and partnerships) that provide various packaging techniques based on parameters such as power consumption, operating conditions, measurable size, and cost. Advanced packaging technologies are a collection of techniques that include 2.5D 3D-IC, wafer-level packaging, and more. It allows integrated circuits to be enclosed in a casing, which avoids metallic parts from corroding and physical damage. The main types of advanced packaging technologies are 3D integrated circuits, 2D integrated circuits, 2.5D integrated circuits, and other types. The 3D integrated circuit provides high bandwidth, small form factor, and multi-function integration in packaging. The various types of products include active packaging, smart and intelligent packaging, and are implemented in various verticals such as automotive and transport, consumer electronics, industrial, IT and telecommunication, and other end-user industries. The global advanced packaging technologies market size is expected to grow from $5.03 billion in 2021 to $5.71 billion in 2022 at a compound annual growth rate (CAGR) of 13.7%. The global advanced packaging technology market size is expected to grow to $8.95 billion in 2026 at a CAGR of 11.9%. The growing demand for consumer electronics is expected to drive the growth of the advanced packaging market in the coming years. Any electronic equipment intended to be bought and used by end-users or individuals for regular and non-commercial/professional purposes is referred to as consumer electronics (CE). Electronic devices must give more functionality with more processing power and faster speeds, resulting in increased module complexity. Advanced packaging technologies provide very reliable materials, function well, and are minimal in cost. For instance, global consumer electronics revenues are predicted to expand by 3.6% year over year (YoY) to $1.06 trillion in 2021. Additionally, according to the India Brand Equity Foundation (IBEF) report, in 2019, the Indian appliance and consumer electronics (ACE) industry were valued at $10.93 billion (Rs. 76,400 crores), and it is predicted to double by 2025, reaching $ 21.18 billion (Rs. 1.48 lakh crore). Therefore, the growing demand for consumer electronics propels the growth of the advanced packaging market. The growing technological advancements are shaping the advanced packaging technologies market. Major companies operating in the advanced packaging technologies sector are focused on developing technological solutions for advanced packaging to expand their leadership in semiconductor solutions. For instance, in May 2021 Samsung Electronics, a South Korea-based electronics company launched Interposer-Cube4 (I-Cube4), an advanced chip packaging technology for high-performance applications. Interposer-Cube4 (I-Cube4), a 2.5D packaging technology improves communication and power effectiveness among logic and memory chips and is projected to be widely used in sectors such as high-performance computing, artificial intelligence (AI), 5G, cloud, and the largest data center applicants. In December 2020, Graham Partners, Inc, a US-based private investment firm focused on investing in technology-driven companies acquired flexible packaging converting the business from Berry Global for an undisclosed amount. The flexible packaging converting business will be combined with Graham Partners’ flexible packaging portfolio company, Advanced Barrier Extrusions LLC. Through this acquisition, ABX expands geographically, adds attractive categories such as personal care and healthcare packaging, and increases its revenue by over $200 million, according to Graham Partners. Berry Global is a US-based manufacturer and marketer of advanced plastic packaging products. Major players in the advanced packaging technologies market are Amkor Technology, Intel, Advanced Semiconductor Engineering (ASE), Taiwan Semiconductor Manufacturing Company, Samsung Electronics, STATS ChipPAC, Qualcomm Technologies, IBM, Brewer Science, and SÜSS Microtec. Asia Pacific was the largest region in the advanced packaging technologies market in 2021. The regions covered in the global advanced packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the advanced packaging technologies market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global advanced packaging technologies market is segmented - 1) By Type: 3D Integrated Circuit, 2D Integrated Circuit, 2.5D Integrated Circuit, Others 2) By Product: Active Packaging, Smart and Intelligent Packaging 3) By End-Use Industry: Automotive and Transport, Consumer Electronics, Industrial, IT and Telecommunication, Others

The industrial machinery market consists of sales of industrial machinery such as food and beverage manufacturing machinery, semiconductor manufacturing machinery, sawmill and woodworking machinery (except handheld), machinery for making paper and paper products, printing and binding machinery and equipment, textile-making machinery, and machinery for making plastics and rubber products by entities (organizations, sole traders or partnerships) that produce industrial machinery. The main types of industrial machinery are woodworking and paper machinery, other industrial machinery, printing machinery and equipment, semiconductor machinery, and food product machinery. Woodworking and paper machinery refers to the equipment that deals with wood and paper products. The various operations include autonomous, semi-autonomous, and manual. The various capacity includes small, medium, and large. The global industrial machinery market size is expected to grow from $461.89 billion in 2021 to $506.51 billion in 2022 at a compound annual growth rate (CAGR) of 9.7%. The global industrial machinery market size is then expected to grow to $703.68 billion in 2026 at a CAGR of 8.6%. Rapid advances in technology are expected to drive innovation in industrial machinery manufacturing, thus driving the market during the forecast period. Furthermore, technologies such as 3D printing, artificial intelligence, and big data analytics are being used in manufacturing thus resulting in higher productivity, lower operating costs, and higher margins. For instance, according to a global survey by The Economist Intelligence Unit, about 90% of corporate executives felt that artificial intelligence (AI) will have a positive impact on a company’s growth and 86% of respondents considered that AI will help improve productivity. Lower operating costs lead to higher margins, this allows companies to increase product portfolio and to enter new markets by making investments made through cost savings. IoT applications are also being integrated into these devices to enable services such as remote monitoring, central feedback systems and to offer other services. Mobile applications, advanced sensors, and embedded software also created new opportunities for companies in this market. These factors are expected to drive the engine, turbine, and power transmission equipment manufacturing market during the forecast period. The outbreak of the Coronavirus disease (COVID-19) has acted as a massive restraint on the industrial machinery manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and manufacturing activity declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Machinery manufacturers depend heavily on the supply of raw materials, parts, and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of raw materials and components. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the industrial machinery manufacturing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. 3D log scanning is being integrated with saw mill manufacturing equipment to produce high-grade lumber at mills. A 3D log scanner is a scanner that measures the actual shape of the logs by coupling vision sensors with geometric data on the log. This helps to increase resolution quality, scan speeds, and laser lighting which is used to measure dark logs leading to a high-grade lumber recovery. This technology is widely used in super mills which are a conglomerate of satellite mills with around two three log lines. Also, sensors used in 3D log scanning help to capture the knots faster leading to an optimized yield. Major companies offering saw mill equipment with 3D log scanning technology include Raptor Integration Inc., LMI technologies, JoeScan. Major companies in the industrial machinery market include ASML Holding N.V, Tetra Laval International S.A, Tokyo Electron Ltd, Lam Research Corp, Applied Materials Inc, Canon Inc, Dover Corporation, Konica Minolta Inc, KLA-Tencor Corp, and Thyssenkrupp AG. Asia Pacific was the largest region in the industrial machinery market in 2021. Western Europe was the second largest region in the global industrial machinery market. The regions covered in the global industrial machinery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the industrial machinery market include Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The global industrial machinery market is segmented - 1) By Type: Woodworking and Paper Machinery, Printing Machinery and Equipment, Semiconductor Machinery, Food Product Machinery, Others 2) By Operation: Autonomous, Semi-Autonomous, Manual 3) By Capacity: Small, Medium, Large Subsegments Covered: Woodworking Machinery, Paper Industry Machinery, Chemical Processing Machinery and Equipment, Glass Making Machinery, Petroleum Refining Machinery, Plastics Working Machinery, Rubber Working Machinery, Tannery Machinery, Textile Making Machinery, Typesetting Machinery, Offset Printing Machinery, Flexographic Printing Machinery, Gravure Printing Machinery, Printing Trades Binding Machinery and Equipment, Other Printing Machinery and Equipment, Wafer Processing Equipment, Semiconductor Assembly and Packaging Equipment, Other Semiconductor Making Machinery, Dairy Product Plant Machinery and Equipment, Bakery Machinery and Equipment, Meat and Poultry Processing and Preparation Machinery, Other Commercial Food Products Machinery, All Other Industrial Machinery

The industrial refrigeration equipment market consists of sales of industrial refrigeration equipment by entities (organizations, sole traders, and partnerships) that produce industrial refrigeration equipment such as chillers, refrigeration compressors, condensers, cooling towers, and others, which are used in food, distillery, dairy, and other industries. Only goods and services traded between entities or sold to end consumers are included. The main equipment types of industrial refrigeration equipment are condenser, compressor, evaporator, and controls. A condenser refers to a piece of industrial equipment that will act as a heat exchanger to convert a vapor to a liquid. The refrigerant types are ammonia, carbon dioxide, and hydrofluorocarbon. The various end-user industries included are food and beverage, refrigerated warehouse, chemical, petrochemical, pharmaceutical, refrigerated transportation, and other end-user industries. The global industrial refrigeration equipment market size is expected to grow from $33.97 billion in 2021 to $35.91 billion in 2022 at a compound annual growth rate (CAGR) of 5.7%. The global industrial refrigeration market size is expected to grow to $45.85 billion in 2026 at a CAGR of 6.3%. The growth of the food and beverage processing industry especially in developing countries is expected to drive the industrial refrigeration equipment market. Globally, food and beverage processing is considered to be one of the largest industries. On average, 90% of the produced food is processed in developed countries such as the USA. High demand for processed and convenience meat products was witnessed in the last decade due to the changing and busy lifestyles of consumers. For the last five years, ranked fifth in the world in terms of production, consumption, and exports, India’s food-processing sector is growing 8% annually. For instance, by 2024, according to a joint study by ASSOCHAM India and Grant Thornton UK, India's food processing sector is estimated to have the potential to attract $33 billion in investments and the total food production in India is estimated to double by 2024. To keep processed food products fresh and healthy, industrial refrigeration systems are required and the increasing consumption of processed foods is propelling the demand for industrial refrigeration systems and further supporting the market growth. Strict regulations imposed on the use of global warming potential (GWP) refrigerants due to global concerns are expected to restrain the growth of the refrigeration equipment market. Major greenhouse gases that are responsible for environmental concerns such as global warming are chlorofluorocarbon and hydrochlorofluorocarbons. Stringent regulations are being imposed by developing countries to overcome global environmental concerns. For instance, by 2030, according to the Montreal Protocol, full consumption phase-out of refrigerants with higher GWP to promote environmental health, is aimed in non-Article 5 countries. The Montreal Protocol has set limits for the HCFC consumption (or cap) at 0.5% cap in 2020 and full consumption phase-out in 2030. According to the EU F-Gases Regulation, from January 2020, the use of fluorinated greenhouse gases for servicing and maintaining refrigeration equipment with a charge size of 40 tons of CO2 equivalent [CO2e] or more, which are with global warming potential of 2,500 or more shall be prohibited. Under this, the permission for use of virgin HFCs with a GWP >2,500 for topping up and/or maintaining existing systems over onboard EU flagged ships is prohibited. Thus, strict regulations imposed over the use of GWP refrigerants due to global concerns are acting as a restraint for the market growth. The trend of adoption of environment-friendly refrigerants is increasing within the industrial refrigeration equipment market, which is expected to fuel the growth of the market. A major contribution towards environmental concerns such as ozone layer depletion and global warming are contributed by refrigerants as they absorb infrared radiation and retain it in the atmosphere. The environment-friendly refrigerants do not deplete the ozone layer in the atmosphere, do not contribute to global warming, and have low Global Warming Potential (GWP). Halogen-based refrigerants face stringent regulations by governments of several countries and this is strengthening the use of environment-friendly refrigerants. For instance, in 2019, M&M Refrigeration and Carnot Refrigeration entered into a partnership to create eco-friendly refrigeration solutions. Therefore, the adoption of natural refrigerant-based equipment owing to stringent regulatory policies is another factor driving the industrial refrigeration system market growth. In 2020, Gardner Denver Holdings, Inc., a US-based global provider of industrial products such as compressors, blowers, and vacuum pumps, merged with Ingersoll Rand Industrial segment for an undisclosed amount. The newly combined company, named Ingersoll Rand Inc. is expected to be placed as one of the major global players in mission-critical flow creation and industrial technologies. Ingersoll Rand will produce mission-critical flow creation systems that include air compressors, pumps, blowers, Club Car brand of electric vehicles, and systems for fluid management, loading, and material handling. Ingersoll Rand is a US-based innovative company that provides mission-critical industrial, energy, specialty vehicle, and medical products and services. Major players in the industrial refrigeration equipment market are Johnson Controls Inc, Emerson Electric Co, United Technologies Corporation, Ingersoll-Rand plc, Lennox International Inc, Danfoss A/S, GEA Group AG, EVAPCO Inc, BITZER Kühlmaschinenbau GmbH, and Mayekawa Mfg. Co. Ltd. Asia Pacific was the largest region in the industrial refrigeration equipment market in 2021. North America was the second largest region in the global industrial refrigeration equipment market. The regions covered in the global industrial refrigeration market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the global industrial refrigeration equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global industrial refrigeration equipment market is segmented - 1) By Equipment Type: Condenser, Compressor, Evaporator, Controls 2) By Refrigerant Type: Ammonia, Carbon Dioxide, Hydrofluorocarbon 3) By End-User Industry: Food and Beverage, Refrigerated Warehouse, Chemical, Petrochemical, Pharmaceutical, Refrigerated Transportation, Others

The industrial robots market consists of sales of robotic products and related services for the performance of a specific task. A robot is a programmable, mechanical device generally used in place of a person to perform dangerous or repetitive tasks with a high degree of accuracy. A robot has its control system and is not controlled by a machine. The main types of industrial robots are articulated robots, linear robots, cylindrical robots, parallel robots, scara robots, and other robots. Linear robots are a form of industrial robot that has two or three main axes that move in a straight line rather than rotate and work at right angles to each other. The three sliding joints correspond to wrist movement: up and down, back and forth, and in and out. The various applications of industrial robots included pick and plane, welding and soldering, material handling, assembling, cutting and processing, and other applications. The various end-user industries involved are automotive, electrical and electronics, healthcare and pharmaceuticals, food and beverages, rubber and plastics, metals and machinery, and other end-user industries. The global industrial robots market size is expected to grow from $46.82 billion in 2021 to $49.93 billion in 2022 at a compound annual growth rate (CAGR) of 6.6%. The global industrial robot market size is expected to grow to $64.56 billion in 2026 at a CAGR of 6.6%. The shortage of skilled workers is contributing to the growth of the industrial robots market. As there is an increase in production requirements and due to high demand manufacturers are not able to fulfill the supply due to a shortage of skilled labor. Shortage of skilled labor exists due to two main reasons, the presence of unskilled workers and skilled workers but not available for work. According to the Department of Labor, as of January 2020, the US economy had 7 million job openings, but only 5.6 million people were looking for work. Producers to maintain high supply are thus opting towards the installation of robots. Industrial robots increase the overall productivity, efficiency, and effectiveness of the company. Therefore, the shortage of labor gives rise to other opportunities for the addition of robots in the workforce. High purchase and installation costs of industrial robots are expected to limit the growth of the industrial robots market. A robot installation is very costly as it is not only for the purchase of the robot but also for integration, programming, and maintenance. This is a major challenge for Small and Medium-size enterprises (SME) as they produce in low volumes and returns on investment will be a challenge. Moreover, fast-changing consumer preferences will also result in customization of a machine which will be again hard for SMEs to do so. According to RobotWorx, an industrial robot manufacturer's cost of an average new industrial robot ranges from $50,000 to $80,000 whereas it can go up to $100,000 to $150,000 as application specifics are added. Therefore, the high purchase and installation of industrial robots are expected to limit the growth of the industrial robots market. Automated mobile robots (AMR) is one of the recent trends of the industrial robots market. AMR is a robot that is designed to move materials across a plant floor or through a warehouse without the aid and direction of a human worker. Floor cleaners, forklifts, pallet movers are examples of types of AMRs. For instance, Fetch Robotics, a California-based firm handles heavy loads in its warehouse by using AMR. Fetch Robotics cloud computing program enables an operator to scale and control all operations with the click of a button. It eliminates employee risk for injury and increases the efficiency of their overall operations. In March 2021, Accenture, a multinational company having specializations in information technology and consulting, based out of Irelands has announced the acquisition of Pollux for an undisclosed amount. As a result of this acquisition, Accenture intends to witness the tangible benefits of full integration of information technology and operations technology, which will help Accenture's manufacturing clients. Pollux Robotics is a Brazilian company that creates industrial robots. Major players in the industrial robots market are ABB, Yaskawa, Kuka, Fanuc, Mitsubishi Electric, Kawasaki Heavy Industries, Denso, Nachi Fujikoshin, Epson, and Dürr. Asia Pacific was the largest region in the industrial robots in 2021. Western Europe was the second largest region in the global industrial robots market. The regions covered in the global industrial robot market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the industrial robots market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global industrial robots market is segmented - 1) By Product Type: Articulated Robots, Linear Robots, Cylindrical Robots, Parallel Robots, Scara Robots, Others 2) By End-User Industry: Automative, Electrical and Electronics, Healthcare and Pharmaceuticals, Food and Beverages, Rubber and Plastics, Metals and Machinery, Others 3) By Application: Pick and Plane, Wielding and Soldering, Material Handling, Assembling, Cutting and Processing, Others

The 3D printer manufacturing market consists of sales of 3D printers that are used in automotive, healthcare, industrial, consumer electronics, aerospace, and defense industries. 3D printing is the method of creating three-dimensional objects by transferring consecutive material layers through a 3D printer. The main printer types of 3D printers are desktop 3D printers and industrial 3D printers. A desktop 3D printer is a small 3D printer that can create objects from scratch. Because they fit on the surface of a regular desk, they're called "desktop 3D printers". They don't necessitate a vast, open area. Desktop 3D printers, on the other hand, are small and portable. The various technologies of the 3D printer include stereo lithograph (SLA), fused deposition modeling (FDM), selective laser sintering (SLS), direct metal laser sintering (DMLS), polyjet/multijet printing (MJP), inkjet printing, electron beam melting (EBM), laser metal deposition (LMD), direct light projection (DLP), and other technologies. The various end-user industries involved are aerospace and defense, healthcare, food, construction and architecture, and other end-user industries. The global 3D printer market size is expected to grow from $11.1 billion in 2021 to $13.28 billion in 2022 at a compound annual growth rate (CAGR) of 19.7%. The global 3D printer market is expected to grow to $23.88 billion in 2026 at a CAGR of 15.8%. The growth in the use of 3D printed products in the automotive industry is a key factor driving the growth of the 3D printer manufacturing market. The manufacture of lightweight vehicle components is possible with the aid of 3D printing that reduces vehicle weight, boosts car performance, and increases fuel economy, and greater productivity can be achieved in injection molding equipment manufacturing using 3D printing technology. For instance, in 2019, General Motors collaborated with Autodesk to produce 3D printed lower cost and lighter vehicle parts. Therefore, the growth in demand for 3D printed products in the automotive industry drives the demand for manufacturing 3D printers and contributes to the growth of the 3D printer manufacturing market. The high cost associated with 3D printing hampers the growth of the 3D printer manufacturing market. Various factors contribute to the higher costs of 3D printing tools. To name a few, the energy that 3D printing requires to manufacture objects is massively expensive and the energy required by some of the 3D printing processes uses up to 50-100 times more electricity than injection molding machines. Furthermore, the software needed to run the 3D printers is costly and must be modified regularly to make them functional and effective. The cost of a 3D printer can vary by tens of thousands of dollars, from basic $200 fused filament fabrication (FDM) machines to the most advanced ones. The high cost associated with 3D printing limits the demand for 3D printers thereby restraining the growth of the 3D printer manufacturing market. Major companies in the 3D printer manufacturing market are producing printers that have a vast capacity and can print faster than conventional 3D printers. For instance, the stereo lithograph apparatus (SLA) 3D printer from Nexa3D will be 6 times faster than the machines of the other competitors and its capacity would also be 2.5 times larger. The project production time for prototypes is also reduced from hours to minutes and it is equipped with durable materials that can withstand ultra-fast 3D printing. In 2019, Nexa3D presented to the North American market its new SLA machine, the NXE400 3D printer. In February 2019, Xerox, the American manufacturer of printers and photocopiers, acquired Vader Systems for an undisclosed amount. This acquisition helps Xerox to access a Total Addressable Market (TAM) of $8 billion for additive/digital manufacturing. Vader Systems is a New York-based manufacturer of liquid metal jet 3D printers. Major players in the 3D printer market are Stratasys, GE Additive, SLM Solutions, Voxeljet, Arcam AB, Hoganas AB, Groupe Gorgé, Renishaw PLC, Markforged Inc, and Made In Space. North America was the largest region in the 3D printer market in 2021. Asia Pacific was the second-largest region in the global 3D print market. The regions covered in the global 3D printing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the 3D printer market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global 3D printer market is segmented - 1) By Printer Type: Desktop 3D Printer, Industrial 3D Printer 2) By Technology: Stereolithography (SLA), Fused Deposition Modeling (FDM), Selective Laser Sintering (SLS), Direct Metal Laser Sintering (DMLS), PolyJet/MultiJet Printing (MJP), Inkjet Printing, Electron Beam Melting (EBM), Laser Metal Deposition (LMD), Direct Light Projection (DLP), Others 3) By End-Use Industry: Automotive, Aerospace and Defense, Healthcare, Food, Construction and Architecture, Others

The industrial plugs and sockets market consists of sales of industrial plugs and sockets by entities (organizations, sole traders and partnerships) that manufacture industrial plugs and sockets. Plug and socket outlet is a mechanism for regular coupling between a flexible cable and an electrical circuit, it comprises a socket outlet and a plug. The socket-outlet is built to be linked to the electrical circuit. The plug is a component that is attached or intended to be connected to the end of a flexible cable that is connected to a device or connector. The main types of industrial plugs and sockets are plug and socket. A socket is an electrical device into which a plug can be inserted to complete a circuit connection. Industrial plugs and sockets provide various protection such as waterproof, dustproof and splash-proof, explosion-proof and others that are used by power generation, oil and gas, heavy industry, chemical and pharmaceutical and other end-users. The global industrial plugs and sockets market size is expected to grow from $2.62 billion in 2021 to $2.75 billion in 2022 at a compound annual growth rate (CAGR) of 4.9%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The industrial plug and socket market is expected to reach $3.34 billion in 2026 at a CAGR of 4.9%. The increasing demand for smart grid networks is expected to propel the growth of the industrial plugs and sockets market in the coming years. The smart grid is new electricity production, distribution and transmission infrastructure capable of automating and handling the rising complexity and demands of electricity in the 21st century. With an increasing tendency towards green energy, the substitution of the grid with the smart grid has gained prominence and is expected to increase the market for industrial plugs and sockets. A smart grid can help minimize greenhouse gas emissions by up to 211 million metric tons and is far more stable than a conventional grid, the demand for smart grid technology reached $400 billion in 2020. The number of smart grid innovation firms worldwide is expected to be about 150, of which 77.4% are located in the United States. Therefore, the increasing demand for smart grid networks drives the growth of the industrial plugs and sockets market during the forecast period. The impact of COVID-19 is expected to hamper the growth of the industrial plugs and sockets market in the coming years. Industry manufacturers experienced a downturn in shipment and production, as governments have shut down factories to control the spread of coronavirus. For instance, in 2020, Schneider Electric, a French-based electrical/electronic manufacturing firm, saw its first-quarter sales decline due to COVID-19 lockdowns, with first-quarter revenues of €5.83 billion (US$6.3 billion) declining 7.6% year-on-year. Therefore, the impact of COVID-19 hindered the growth of the industrial plugs and sockets market. The growing technological advancements is a major trend gaining popularity in the industrial plugs and sockets market. Major companies operating in the industrial plugs and sockets sector are focusing on developing technologically advanced solutions for industrial plugs and sockets. For instance, in April 2019, Marechal Electric SA, a France-based electrical and electronic manufacturing company, introduced its first 40 A switch disconnector, EVO and its first separable switch disconnector, which allows users to attach and detach devices securely. Switch, connector and disconnector integrate three tools into one for easy usage and less space and it can be utilized in all industries. In January 2020, Siemens, a Germany-based automation company, acquired C&S Electric Limited for $324.83 million (EUR 267 million). The acquisition will enhance Siemen's position in the business, enabling it to better serve customers requiring electrification in areas including construction, industry, data centers, smart campuses, and other city infrastructure. C&S Electric Limited is a New Delhi-based manufacturer of electrical and electronic equipment. Major players in the industrial plugs and sockets market are ABB Ltd, Amphenol Corporation, Legrand SA, Marechal Electric Group, Mennekes, Schneider Electric SA, Emerson Electric Co., Eaton Corporation PLC, Power and Control, Labhya Tech, Electech International Trades and Bals Deutschland. Asia Pacific was the largest region in the industrial plugs and sockets market in 2021. The regions covered in the industrial sockets and plugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the industrial plugs and sockets market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The global industrial plugs and sockets market is segmented - 1) By Type: Plug, Socket 2) By Protection: Waterproof, Dustproof and Splash-Proof, Explosion-Proof, Others 3) By End-User: Power Generation, Oil and Gas, Heavy Industry, Chemical and Pharmaceutical, Others

The industrial process variable instruments market consists of sales of industrial process variable instruments and related services used to measure, control, and record industrial variables such as temperature, flow, pressure, vacuum, combustion, level, viscosity, density, acidity, concentration, and rotation. The process variable instruments are used for measuring, displaying, indicating, recording, transmitting, and controlling industrial process variables. The industrial process variable can work mechanically, pneumatically, electronically, or electrically and comprises instruments such as boiler controls, buoyancy instruments, chromatography, and combustion control instruments. The main types in the industrial process variable instruments market are temperature, pressure, level, flow, others. The temperature segment in industrial process variable instruments refers to the process in industries, temperature will be recorded and processed in industries. These are used in chemicals, oil and gas, electronic and electrical, and others. The global industrial process variable instruments market size is expected to grow from $48.69 billion in 2021 to $49.84 billion in 2022 at a compound annual growth rate (CAGR) of2.4%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The industrial process variable market is expected to decline to $49.39 billion in 2026 at a CAGR of -0.2%. The increasing demand for chemicals and oil and gas drives the growth of the industrial process variable instruments market. The industrial process variable instruments are used in oil and gas facilities for monitoring and controlling the operating conditions. The operating conditions are monitored to meet safety, environmental regulations, and to ensure stability in plant operations. The increased demand for oil and gas will require more production facilities to be set up, thus, increasing the demand for industrial process variable instruments. As reported by the International Energy Agency (IEA), the per day production of oil is projected to be above 15 million barrels per day by 2040. Also, India Brand Equity Foundation (IBEF) predicts that the consumption of natural gas is stipulated to reach for natural gas 143.08 million tonnes by 2040. Thus, the growing demand for oil and gas holds a positive impact on the industrial process variable instruments market. The complexity regarding the use of process variable instruments in the food industry restricts the growth of the industrial process variable instruments market. The process control instruments used in the food industry may contact the food product while monitoring temperature, pressure, level, and flow are required to be following the hygienic requirements designed to provide cleanable and healthy contact surfaces. Further, different food items produced require different temperatures, pressures, and sanitary requirements thus this leaves very little space for the manufacturers of industrial process variable instruments to add any extra advanced features to the instrument while ensuring that it meets sanitary as well operational requirements. Thus, the complexities of using the process variable instruments in the food industry restrain the growth of the industrial process variable instruments market. The companies in the industrial process variable instruments market are investing in integrating the Internet of things technology (IoT) to process variable instruments. The industrial process variable instruments such as pressure, temperature, flow level monitoring, and controlling devices are being integrated with IoT to increase their efficiencies and usage. For instance, Ambetronics Engineers Pvt. Ltd, an India-based provider of gas detection sensors, process control instrumentation systems, launched its RS485 to MQTT IoT smart module to remotely monitor industrial sensors, from the pressure to temperature, tank levels, flow, gas levels, etc. The module allows the real-time connectivity of data to the Ambetronics cloud and offline storage for recording the sensor data when the internet connectivity is unavailable. In July 2019, Stratford-Cambridge Group, a Michigan-based private equity firm specialized exclusively in the manufacturing sector with a particular focus on engineered products acquired Applied Instruments, Inc. company for an undisclosed amount. Through this acquisition, Stratford-Cambridge Group mainly focuses on smaller, industrial companies in the Midwest, and sees organic growth opportunities with Applied Instruments Inc. that would expand its client base to other parts of the USA, Canada, and Mexico. Applied Instruments, Inc. manufacturer of RF test and measurement equipment focused primarily on the satellite, CATV, and off-air broadcast sectors of the telecommunications industry. Major players in the industrial process variable instruments market are ABB Ltd., Emerson Electric Company, Honeywell International Inc., Schneider Electric SE, Siemens AG, Ametek Inc., Applied Instrument Technologies Inc., Applitek NV, Arizona Instrument LLC, and Aventics GmbH. Asia Pacific is the largest region in the industrial process variable market in 2021. North America is the second-largest region in the industrial process variable market. The regions covered in the industrial process variable instruments market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the industrial process variable instruments market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The global industrial process variable instruments market is segmented - 1) By Type: Temperature, Pressure, Level, Flow, Others 2) By Application: Chemicals, Oil and Gas, Electronic and Electrical, Others

The air filter media market consists of sales of air filter media and related services by entities (organizations, sole traders, and partnerships) that manufacture air filter media. Air filter media refers to air filter material which is a filtering component used in air filters and depending upon the application different type of air filter is used. The air filter media is manufactured using a short manmade, natural or fiberglass fibers that are formed into a paper like material in a paper making equipment. The main types of air filter media are nonwoven fabrics, fiberglass and filter paper. Nonwoven fabrics are broadly defined as sheet or web structures bonded together by entangling fiber or filaments mechanically, thermally, or chemically. The grades of air filter media are HEPA, MERV, ULPA. Air filters are mostly used in HVAC, air purifiers, face masks, APC, industrial manufacturing, transportation by food and beverage, metal and mining, chemical, pharmaceutical, power generation and other industries. The global air filter media market size is expected to grow from $3.85 billion in 2021 to $3.95 billion in 2022 at a compound annual growth rate (CAGR) of 2.8%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The air filter media market is expected to reach $4.81 billion in 2026 at a CAGR of 5.0%. The decrease in the quality of air globally expected to contribute to the growth of air filter media market during the forecast period. Air pollution causes dangerous health problems such as cardiovascular, respiratory diseases, and cancers. According to the US Environmental Protection Agency’s national ambient air quality standards, exposure to very fine particulate matter known as PM2.5 is considered safe as long as the person breathes an average of 12 micrograms per cubic meter of air or less per day. According to IQAir world’s most polluted countries list, in 2019, around 72 countries out of 98 countries’ average pollution particle concentration is more than 12 micrograms per cubic meter of air which is not safe for people living in those countries. Therefore, the decrease in the quality of air globally boosted the demand for air filters or purifiers and this, in turn, drives the market for air filter media during the period. Filter media manufacturers are increasingly using nanofibers or nano-coating on the filter media to increase the efficiency of dust separation. For instance, Mann + Hummel, a manufacturer of filter and filter media has developed nanofiber coated filter media for highly effective separation of fine particles and efficiency of up to 99.99%. This filter is used in commercial vehicle air filters. Similarly, AWA Paper & Technological developed Nanowoven, a base filter media that is combined with a nanofiber web and this helps in capturing extremely fine carbon dust efficiently and it also increases the service life of the filter. In August 2020, Branford Castle Partners, a private equity firm acquired Fibrix Filtration, a provider of specialized loft and pleat media air filtration products for an undisclosed amount. The acquisition of Fibrix Filtration is the first investment in the Branford Castle Partners Fund II and air filtration is an area of growing concern throughout the world. So, Branford Castle Partners are looking forward to working with Fibrix Filtration management to grow business and products. Fibrix Filtration sells its products to large, brand name filter manufacturers across the United States. Major players in the air filter media market are 3M, Ahlstrom-Munksjo, AIM Nonwovens And Interiors Private Limited, Calgon Carbon Corporation, Clean & Science, Elta Group, Hollingsworth & Vose (H&V), HVDS, Johns Manville, and Lydall. Asia Pacific was the largest region in the air filter media market in 2021. This region is expected to continue to be the fastest growing region in the forecast period. The regions covered in the air filter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the air filter media market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The global air filter media market is segmented - 1) By Type: Nonwoven Fabrics, Fiberglass, Filter Paper 2) By Grade: HEPA, MERV, ULPA 3) By Application: HVAC, Air Purifier, Face Mask, APC, Industrial Manufacturing, Transportation 4) By End-User: Food and Beverage, Metal and Mining, Chemical, Pharmaceutical, Power Generation, Other