Global Navigational, Measuring, Electromedical And Control Instruments Market

The electrical and electronics market consists of sales of products that generate, distribute and use electrical power products by entities (organizations, sole traders and partnerships) that produce products that generate, distribute and use electrical power, or electronic products such as audio, video and semi-conductors. This market does not include computers, computer peripherals and telecommunications equipment. The main types of electrical and electronics are electrical equipment, measuring and control instruments and electronic products. Any apparatus, appliance, cable, conductor, fitting, insulator, material, meter, or wire that is used for controlling, generating, supplying, transforming, or transmitting electricity at a voltage greater than extra-low voltage or is powered by electricity at a voltage greater than extra-low voltage is considered as electrical equipment. The equipment is operated through online and offline modes. The various sales channels include OEM and aftermarket that are used by B2B and B2C end users. The global electrical and electronics market size is expected to grow from $3,192.85 billion in 2021 to $3,521.21 billion in 2022 at a compound annual growth rate (CAGR) of 10.3%. 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 electrical and electronic market is expected to reach $5,031.57 billion in 2026 at a CAGR of 9.3%. The rapid pace of innovations in electronics technology is stimulating consistent demand for newer and faster electrical and electronics products. Technological development is a key for attracting both consumers and business users for either replacing or upgrading the older products with advanced versions. Digital technologies such as the internet of things (IoT) and latest communication technologies such as 5G are expected to aid in the development of innovative electronic products. This is expected to increase the demand for electronic products which will ultimately drive the growth of electronic equipment manufacturing market during the forecast period. The outbreak of the Coronavirus disease (COVID-19) has acted as a massive restraint on the electrical and electronics manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption 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. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of lockdown and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the electrical and electronics 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. Virtual reality technology is being adopted by electronic manufacturing companies to improve manufacturing efficiency. This technology in the electronic manufacturing industry is often referred as digital design, simulation and integration. Virtual reality minimizes the scope for product defects in design phase. For instance, virtual reality technology enables companies to inspect design objects at all conceivable scales, thereby eliminating defects in the product in the design stage. For instance, some of the major companies adopting virtual reality include Integrated Microelectronics, Inc., Flextronics International Ltd, Benchmark Electronics, Inc. and Kimball International. Major companies in the electrical and electronics market include Samsung Electronics Co. Ltd., Siemens AG, LG Electronics, Taiwan Semiconductor Mfg. Co ltd, Panasonic Corporation, Thermo Fisher Scientific, Apple, Haier Smart Home Co., Ltd., Schneider Electric SE, and SK Hynix Inc. Asia Pacific was the largest region in the electrical and electronics market in 2021. North America was the second largest region in the electrical and electronics market. The regions covered in the electrical and electronics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the electrical and electronics market report are 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 electrical and electronics market is segmented - 1) By Type: Electrical Equipment, Measuring and Control Instruments, Electronic Products 2) By End-Use: B2B, B2C 3) By Sales Channel: OEM, Aftermarket 4) By Mode: Online, Offline Subsegments Covered: Electric Lighting Equipment, Household Appliances, Power Generation, Transmission and Control Equipment, Batteries, Wires and Cables, Other Electrical Equipment, Electronic Products and Components, Navigational, Measuring, Electromedical and Control Instruments, Audio and Video Equipment, Semiconductor and Other Electronic Components

The watch, clock, measuring device market consists of sales of the watch, clock, measuring device, and related services for measuring time and physical quantity. Watch is a portable timepiece worn by individuals around the wrist, attached by a strap. A clock is a device used for measuring and indicating time, using pointers moving over a dial. A measuring device is an instrument used to measure various parameters in the physical used to measure various parameters. The main types in the watch, clock, and measuring device are watches and clocks, measuring devices. A measuring instrument is a device that is used to estimate the quantity of a parameter. Measurement is the process of collecting and analyzing physical quantities of real-world objects and events in the physical sciences, quality assurance, and engineering. The various price ranges are low range, mid-range, and luxury. The various distribution channels are offline retail stores, online retail stores. The various end-user are women, men, and unisex. The global watch, clock, measuring device market size is expected to grow from $88.83 billion in 2021 to $114.66 billion in 2022 at a compound annual growth rate (CAGR) of 29.1%. 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 watch, clock, measuring devices market is expected to reach $287.85 billion in 2026 at a CAGR of 25.9%. The rise in disposable incomes was a major driver of the watch, clock, measuring device market. The rise in disposable incomes was mainly driven by economic growth and middle-class population growth in developing countries such as China, India, and Brazil. According to the World Bank, the world’s middle-class population – defined as that earning between $10 and $100 per day – increased from approximately 1.5 to 2 billion. Moreover, China’s economy grew at 6.9% and India’s GDP grew at 7.1%. Increased earnings greatly increased disposable incomes in the emerging markets, contributing to the watch, clock, measuring device market’s growth. Rising trade protectionism acts as a major challenge in the watch, clock, measuring device market. Trade protectionism is characterized as a country, or a group of countries working related as an exchange alliance, making exchange boundaries with the particular objective of protecting its economy from the potential dangers of worldwide trading. The target of trade protectionism is to ensure a country's fundamental monetary interests, for example, its key ventures, wares, and work of laborers. A wide number of trade barriers have been introduced since mid-2018, the major one has been higher tariffs on bilateral trade between the US and China. This increase in protectionism has contributed to a slowdown in global growth through direct effects on trade flows, supply chains, and import costs, and indirect effects on business sentiment, uncertainty, and investment around the world. Therefore, rising trade protectionism will negatively impact the watch, clock, measuring device market’s growth. Internet of things (IoT) driven smartwatches are the highly preferred choice of watches. Smartwatches connected to the internet offer a wide range of features such as time, health monitoring, fitness tracking, receiving calls and messages, entertainment, cardless payments, and connectivity to other IoT devices to improve the quality of the user’s life. With increasing consumers’ interests in health and fitness, convenience in day-to-day activities, and smart homes, wearable IoT devices such as smartwatches offer various features. The global smartwatch shipments increased to 14.2 million units in 2019. In November 2019, Alphabet Inc., the parent company of Google, acquired smart watch maker, Fitbit, Inc. for a deal amount of US$ 2.1 billion. Alphabet said that the acquisition helps them in the advancement of its smartwatch software, Wear OS. Fitbit, Inc. is an American company that makes fitness bands, smartwatches, and accessories that helps in tracking footsteps, exercises, heart rate, and weight. Major players in the watch, clock, measuring device market are Apple Inc., Fitbit Inc., Samsung Electronics Co. Ltd., Garmin ltd., Huawei Investment & Holding Co., Ltd., Lvmh Moet Hennessy Louis Vuitton SE, and Rolex SA. Asia Pacific is the largest region in the watch, clock, measuring device market in 2021. North America is the second-largest region in the watch, clock, measuring device market. The regions covered in the watch, clock, measuring device market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the watch, clock, measuring device market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The global watch, clock, measuring device market is segmented - 1) By Type: Watches and Clocks, Measuring Devices 2) By Price Range: Low Range, Mid Range, Luxury 3) By Distribution Channel: Offline Retail Stores, Online Retail Stores 4) By End-User Sex: Women, Men, Unisex

The analytical laboratory instruments market consists of sales of analytical laboratory instruments and related services. These instruments are used in laboratory analysis of the chemical or physical composition or concentration of solid, liquid, gaseous, or composite material. Analytical instruments are a large class of instruments used in chemical, pharmaceutical, life-sciences, food processing labs and oil refineries for testing the samples. The main types of analytical laboratory instruments are element analysis, separation analysis and molecular analysis. Element analysis is the process of determining the elemental and sometimes isotopic composition of a sample of a material such as soil, waste, minerals and chemical compounds. The instruments are used for research, clinical, diagnostic and other applications by hospitals, diagnostic laboratories, pharmaceutical, and biotechnology end users. The global analytical laboratory instrument market size is expected to grow from $92.22 billion in 2021 to $108.11 billion in 2022 at a compound annual growth rate (CAGR) of 17.2%. 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 analytical laboratory instruments market is expected to reach $184.49 billion in 2026 at a CAGR of 14.3%. The rapid growth in life science industries contributed to growth of analytical laboratory instruments market. A growing patient population suffering from life-style related problems such as diabetes and heart-related problems, and other life-threatening diseases such as cancer and growing investment on research and development and increasing aged population aided the growth in life science industry. According to International Diabetes Federation, the diabetic population is expected to grow to 700 million in 2045 from 463 million in 2019. Moreover, according to the 2019 Revision of World Population Prospects by United Nations, the population above 65 years will increase to 16% in 2050 from 11% in 2019 and the population aged 80 years and above are expected to increase to 426 million in 2050 from 143 million in 2019. This rapid growth in population depending on life sciences market will increase the necessity to conduct lab researches that require analytical laboratory instruments thereby increasing the demand for laboratory instruments. Therefore, growing life science industry is expected to drive the market for analytical laboratory instruments. The cost of life science instruments is expected to increase limiting the new purchases of analytical laboratory instruments. Development of advanced features and functionalities, technological advancements, innovative systems have added to their price. A High-Performance Liquid Chromatography (HPLC) ranges from $12,000 to $50,000. The average estimated cost per batch for 90-L column, media, and labor is around USD $3,700 considering the amortized value of the equipment. Drug development companies require a significant number of laboratory instruments and the cost of investment increases substantially due to high prices. Therefore, the rising cost of instruments has a negative impact on the growth of analytical laboratory instruments. Companies in the analytical laboratory instruments market are manufacturing equipment with ability to record data and provide to the cloud. The use of cloud technology will assist scientists in sharing the results sooner. For instance, TetraScience, a technology company that provide platform for data integration, developed a technology to integrate the lab equipment that collects data continuously and provide to the cloud. This will help monitor the equipment in real time and provide accurate results making the research complete faster. Incorporating such technology in the equipment will help complete the research sooner, reduce manual work and makes the research cost efficient. In July 2019, Agilent technologies, an analytical laboratory instrument manufacturing company acquired BioTek instruments for $1.2 billion. This acquisition will help Agilent Technologies broaden its portfolio in cell analysis workflow and allow the company to deliver to provide its customers reliable insights across a range of cell analysis applications. BioTek instruments is a manufacturer of scientific instruments that is used in life sciences and quality assurance industries. Major players in the analytical laboratory instruments market are Agilent Technologies, Waters Corporation, Thermo Fisher Scientific, Danaher Corporation, SP Industries, PerkinElmer, Danaher Corp, Chemglass Life Sciences Inc., Citotest Labware Manufacturing Co. Ltd., Kimble Chase, Scilabware Ltd., and Bio-Rad Laboratories. Asia Pacific was the largest region in the analytical laboratory instruments market in 2021. North America was the second-largest region in the analytical laboratory instruments market. The regions covered in the analytical laboratory instruments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the analytical laboratory instruments market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The global analytical laboratory instrument market is segmented - 1) By Type: Element Analysis, Separation Analysis, Molecular Analysis 2) By End-User: Hospitals, Diagnostic Laboratories, Pharmaceutical, Biotechnology 3) By Application: Research, Clinical, Diagnostic, Others

The electric motor manufacturing market consists of sales of electric motors. A motor converts electrical energy into mechanical energy and supplies power to devices. It works on the principles of electromagnetism with properties such as durability, high efficiency, low energy consumption, and low maintenance. These include components such as rotor, bearings, stator, air gap, windings, and commutator. Devices that use electric motors consist of fans, blowers, household appliances, disk drives, batteries and power tools, machine tools, domestic appliances, HVAC applications, electric cars, and automated robots. The main types of electric motor manufacturing are alternate current (AC) motor, direct current (DC) motor and hermetic motor. A hermetic motor contains both the compressor and the motor within a single outer welded steel shell. The motor and compressor are connected directly on the same shaft, with the motor located within the refrigeration circuit. As a result, the need for a shaft seal and the resulting refrigerant leakage problem was eliminated. Welding or brazing is used to connect all refrigerant pipelines to the outer steel shell. The voltage of electric motor ranges from 9v and below, 10-20 v, 21-60 v, 60 v and above and various output power are integral horsepower (IHP) and fractional horsepower (FHP). The different speeds of the electric motor are low-speed (less than 1,000 rpm), medium-speed (1,001 to 25,000 rpm), high-speed (25,001 to 75,000 rpm), ultra-high-speed (greater than 75,001 rpm) that are used for industrial machinery, motor vehicle, HVAC equipment, aerospace and transportation, household appliances, other commercial applications. The global electric motors market size is expected to grow from $91.86 billion in 2021 to $93.82 billion in 2022 at a compound annual growth rate (CAGR) of 2.1%. 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 electric motor manufacturing market is expected to reach $93.85 billion in 2026 at a CAGR of 0.01%. Increased tariffs on raw materials such as steel and aluminum will restrain the market for motor manufacturing in the forecast period. Steel and aluminum are predominantly used in manufacture of components for motors. Increasing import tariffs on raw materials such as steel hindered the market for household fans. For instance, in February 2020, USA administration decided to raise tariffs on derivative steel and aluminum imports by 25% and 10%, respectively. Motor manufacturing companies are increasingly manufacturing IoT enabled smart motors. These motors are equipped with sensors that monitor and track the motor’s health and performance. Sensors are connected to a control database that continuously collects data, and uses artificial intelligence (AI) to learn normal behaviour and sends an alert upon detecting any deviation from normal behaviour. Smart motors offer several benefits such as increased lifespan of equipment, and improved safety. In March 2019, Maxon Motor AG, a Switzerland-based company that manufactures and supplies high precision drives and systems such as gears, sensors, controls, compact drives acquired Parvalux Electric Motor for an undisclosed amount. The acquisition is expected to help Maxon Motor AG in becoming a complete solutions provider company by broadening its portfolio in medical technology and industrial automation. Parvalux Electric Motor is a UK based company that specializes in manufacturing geared motors such as DC brushless, DC brushed, gearbox, and generators. Major players in the electric motor manufacturing market are ABB Ltd., ARC Systems, Inc., Asmo Co., Ltd., Brook Crompton UK Ltd., Emerson Electric Co., Regal Beloit Corporation, Rockwell Automation Inc., Siemens AG, Ametek, Inc., and Baldor Electric Company, Inc. Asia Pacific was the largest region in the electric motor manufacturing market in 2021. Western Europe was the second-largest region in the electric motor manufacturing market. The regions covered in the electric motor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the electric motor manufacturing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The global electric motors market is segmented - 1) By Type: Alternate Current (AC) Motor, Direct Current (DC) Motor, Hermetic Motor 2) By Output Power: Integral Horsepower (IHP), Fractional Horsepower (FHP) 3) By Voltage Range: 9 V and Below, 10-20 V, 21-60 V, 60 V and Above 4) By Application: Industrial Machinery, Motor Vehicle, HVAC Equipment, Aerospace and Transportation, Household Appliances, Other Commercial Applications 5) By Speed: Low-Speed (less than 1,000 rpm), Medium-Speed (1,001 to 25,000 rpm), High-Speed (25,001 to 75,000 rpm), Ultra-High Speed (greater than 75,001 rpm)

The totalizing fluid meter and counting device market consists of sales of totalizing fluid meters and counting device and related services such as, measuring linear, nonlinear, mass or volumetric flow rate of a liquid or a gas. Totalizing flow meter and counting devices are the instruments used to measure the volume or mass of a gas or liquid. Some examples of the totaling fluid meters and counting devices are gas consumption meters, water consumption meters, parking meters, taxi meters, and gauges for motor vehicles and equipment for collecting fare. The main types of totalizing fluid meters and counting devices are differential pressure flow meters, positive displacement flow meters, velocity flow meters, mass flow meters and open channel meters. The volume flow in gases, liquids, and steam are measured using a differential pressure flow meter. They're especially useful in situations involving high pressure, high temperature, or large diameter. The devices are used by various end-users such as water and wastewater, refining and petrochemicals, oil and gas, chemicals, power generation, pulp and paper and metals and mining. The global totalizing fluid meter and counting device market size is expected to grow from $24.56 billion in 2021 to $25.15 billion in 2022 at a compound annual growth rate (CAGR) of 2.4%.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 totalizing fluid meter and counting device market is expected to decline to $24.97 billion in 2026 at a CAGR of -0.2%. The increasing demand from automotive manufacturing companies contributed to the market growth of flow meter and counting devices manufacturers. Emerging market growth for automotive manufacturing companies was aided by growing popularity of public transportation and rapid growth in number of vehicles. According to a study in 2019, the total global vehicle population stood at 1.432 billion cars and trucks and is projected to reach 2.8 billion vehicles by 2036. Therefore, the increasing demand from automotive manufacturers is expected to drive the market for flow meters and counting devices such as parking meters, taxi meters, and gauges for motor vehicles and equipment for collecting fare. Rising geopolitical tensions and trade protectionism are expected to have a negative impact on the totalizing fluid meter and counting device market during the forecast period. Repercussions of geopolitical tensions included sanctions on Russia, trade protectionism and heightened military tensions in the Middle East. Many countries placed trade restrictions, especially on imports, to boost local production. For instance, Brexit is likely to lead to more trade restrictions between the UK and other countries in Europe. The US is also implementing several trade restrictions, especially with China, to boost its local production. For instance, the US imposed 25% tariff on steel and 10% tariff on aluminum leading to cost inflation for totalizing fluid meter and counting device. Continued violence and terrorism in the Middle East and other parts globally are also expected to have a negative impact on the market. Major companies in the totalizing fluid meter and counting device industry are using smart technology to enhance decisions making abilities and thus drive profits. The companies in this industry use technology in order to optimize the payment methods, subscription management, optimizes enforcement and allows the end-user companies to analyze the usage. Counting devices such as parking meters have been revolutionized with the advent of smart technologies. Companies such as IPS Group, a US based company, announced its latest app called Park Smarter. The app allows drivers to connect directly to a physical parking meter with their smartphone and pay through cashless transactions. Other companies such as ParkiFi are also investing in making parking meters "smarter" through the use of big data and sensors. In December 2019, Honeywell, a publicly-traded conglomerate that produces commercial and consumer products, engineering services and aerospace systems has acquired Rebellion Photonics for an undisclosed amount. Rebellion Photonics will join Honeywell's Safety and Productivity Solutions business, which offers gas detection technologies, safety equipment, mobility solutions and software. This acquisition complements Honeywell's portfolio of process technology, automation and gas detection systems and speeds up our transformation into software industrial company. Rebellion Photonics, a US based company is involved in manufacturing monitoring solutions for oil, gas, petrochemical and power industries. Major players in the totalizing fluid meter and counting device market are Honeywell International Inc, Emerson Electric Co., General Electric, Siemens, Emerson Electric Co, ABB Group, Badger Meter Inc., Yokogawa Electric and Badger Meter. Asia Pacific was the largest region in the totalizing fluid meter and counting device market in 2021. North America was the second-largest region in the totalizing fluid meter and counting device market. The regions covered in the totalizing fluid meter and counting device market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the totalizing fluid meter and counting device market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The global totalizing fluid meter and counting device market is segmented - 1) By Type: Differential Pressure Flow Meters, Positive Displacement Flow Meters, Velocity Flow Meters, Mass Flow Meters, Open Channel Meters 2) By End-Use Industry: Water and Waste Water, Refining and Petrochemicals, Oil and Gas, Chemicals, Power Generation, Pulp and Paper, Metals and Mining

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 search, detection, and navigation instruments market consist of sales of search, detection and navigation instruments and related services used for searching, detecting, recording and guiding and to determine the speed, and direction to arrive at the point of destination. The search, detection, and navigation instruments refer to the instruments used by nautical navigators and pilots as tools for their trade. Some of the search, detection, and navigation instruments include aeronautical instruments, navigation and guidance systems, SONAR and RADAR systems equipment. The main types of search, detection and navigation instruments are compasses, aeronautical and space navigation instruments, nautical navigation instruments and radio navigational aid apparatus. A compass is a tool for navigation and geographic orientation that displays the cardinal directions. It usually consists of a magnetized needle or another element that can pivot to align itself with magnetic north, such as a compass card or compass rose. The various technologies used are radio frequency identification based (RFID), cellular, network, Bluetooth, remote sensing services, real-time kinetic and others that are used for marine, aviation, military and other applications. The global search, detection, and navigation instruments market size is expected to grow from $255.75 billion in 2021 to $283.44 billion in 2022 at a compound annual growth rate (CAGR) of 10.8%. 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 search, detection, and navigation instrument market is expected to reach $386.15 billion in 2026 at a CAGR of 8%. The increasing demand from civilian and defense aircraft manufacturing industries drove the market for search, detection and navigation instruments. The increasing demand was supported by rising disposable income, increasing air travel and military usage. Rise in working group and middle-class demography will affect the demand positively. For instance, in 2020, Airbus invested $1 billion to manufacture 63 A320 Family aircraft per month, beginning in 2021. Therefore, the increasing demand from civilian and defense aircraft manufacturing companies is expected to drive the market for search, detection and navigation instruments. Stringent regulations on tariffs limited the growth of search, detection and navigation instruments manufacturing. Governments across the world are imposing tariffs owing to trade wars between countries, national defense or curtailment of monopoly powers, volatile oil prices and volatility in international trade. The World Trade Organization permitted the USA to tax European exports as much as $7.5 billion annually. As a result, the USA has imposed tariffs of 10% on imports of large civil aircraft, and industrial products among other goods from the European Union. The tariffs could raise prices for American companies importing goods and machinery thereby increasing the expenses. The increase in the import duties and taxes has a negative impact on search, detection, and navigational instruments market growth. Companies in the marine industry are preferring navigation instruments incorporated with augmented reality (AR). AR is a technology that reflects the digital information in the real world. Navigation systems integrated with AR technology provide great support to the sailors in ship keeping and related operations. For instance, Mitsui O.S.K. Lines (MOL) planned to install AR navigation systems on 21 very large crude oil carriers (VLCCs) operated by them. This navigation system will superimpose real-time video imagery and voyage information and provide support to crewmembers during their watch-keeping and ship operations visually. The benefits provided by AR technology in real time will increase the demand for instruments with such advanced technology. In January 2020, BAE systems, a British multinational defense, security and aerospace company acquired military GPS business from United Technologies for $1.93 Billion. The acquisition of GPS business from United Technologies will strengthen the professional and technical capabilities of BAE Systems to provide more comprehensive portfolio of solutions and adds new technology for BAE Systems that is compatible with industry-standard equipment and helps for the increasing product line. United Technologies is an American multinational conglomerate which operates in the fields of researches and manufacturing products in numerous areas, including aircraft engines, aerospace systems and industrial products. Major players in the search, detection and navigation instruments market are BAE Systems Plc, Leonardo S.p.A, Raytheon, Thales Group, United Technologies Corp., Agilent Technologies, Siemens Medical Solutions, Boeing, Thermo Fisher Scientific, and Medtronic plc. Asia Pacific was the largest region in the search, detection and navigation instruments market in 2021. North America was the second-largest region in the earch, detection and navigation instruments market. The regions covered in the search, detection, and navigation instruments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the search, detection, navigation instruments market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The global search, detection, and navigation instruments market is segmented - 1) By Type: Compasses, Aeronautical and Space Navigation Instruments, Nautical Navigation Instruments, Radio Navigational Aid Apparatus 2) By Technology: Radio Frequency Identification Based (RFID), Cellular, Network, Bluetooth, Remote Sensing Services, Real Time Kinetic, Others 3) By Application: Marine, Aviation, Military, Others

The automatic environmental control market consists of sales of automatic environmental control devices and related services. This industry comprises establishments primarily engaged in manufacturing automatic controls and regulators for applications. Automatic environmental control devices include airflow controllers, air conditioning and refrigeration, heating and cooling system controls, and heating regulators. The main types in the automatic environmental control market are heating equipment, refrigeration equipment, air conditioning equipment. The heating equipment in the automatic environmental control market refers to the heating systems that provide heat maintained at the thermal level. These are used in residential, commercial, and industrial. The global automatic environmental control market size is expected to grow from $14.77 billion in 2021 to $16.20 billion in 2022 at a compound annual growth rate (CAGR) of 9.7%. The growth in the 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 automatic environmental control market is expected to reach $21.16 billion in 2026 at a CAGR of 6.9%. Rapid growth in manufacturing industries is a key factor driving the growth of the automatic environmental control market. In the Indian economy, industrial manufacturing is the major growing sector with diverse companies engaged in the manufacturing of machinery and equipment, building and construction material, rubber and plastic products, electrical and mechanical products, cement, and automation technology products. Growth in manufacturing outputs in China and Brazil will be the highest in the next five years. The countries will grow at an annual growth rate of 7.1% and 5.0%, respectively. Therefore, the growth in manufacturing industries is expected to increase the growth of the automatic environmental control market. Rising trade protectionism acts as a major challenge in the automatic environmental control market. Trade protectionism is characterized as a country, or a group of countries working related as an exchange alliance, making exchange boundaries with the particular objective of protecting its economy from the potential dangers of worldwide trading. The target of trade protectionism is to ensure a country's fundamental monetary interests, for example, its key ventures, wares, and work of laborers. A wide number of trade barriers have been introduced, the major one has been higher tariffs on bilateral trade between the US and China. This increase in protectionism has contributed to a slowdown in global growth through direct effects on trade flows, supply chains, and import costs, and indirect effects on business sentiment, uncertainty, and investment around the world. Therefore, rising trade protectionism will negatively impact the automatic environmental control market’s growth. Smart thermostats are a key trend in the automatic environmental control market. Smart thermostats use smart technology that can be operated using mobile phones, laptops, smart speakers, or other computers connected to the internet that allows scheduling preferred temperature settings, and they can also be integrated into home automation systems. For instance, Ecobee was the first to introduce the smart thermostat solution into the market. The company has seen its revenues double every year, it is estimated that the Ecobee sales will reach $1 billion by 2020. Across North America, Ecobee holds 30% of the market share in smart thermostats. Major players in the automatic environmental control market are Johnson Controls, Inc., Schneider Electric, United Technologies Corporation, Honeywell International Inc., and Ingersoll Rand. Asia Pacific is the largest region in the automatic environmental control market in 2021. North America is the second-largest region in the automatic environmental control market. The regions covered in the automatic environmental control market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the automatic environmental control market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, USA, and Australia. The global automatic environmental control market is segmented - 1) By Type: Heating Equipment, Refrigeration Equipment, Air Conditioning Equipment 2) By Application: Residential, Commercial, Industrial