Positive Material Identification Global Market Report 2023 – By Offering (Equipment, Service) By Form Factor Portable Analyzers, Benchtop Analyzers), By Technique (X-Ray Fluorescence (XRF),Optical Emission Spectrometry (OES) ), By Industry (Oil and Gas, Metals and Heavy Machinery, Automotive, Scrap Recycling, Chemicals, Power Generation, Pharmaceutical) – Market Size, Trends, And Global Forecast 2023-2032

Non-destructive testing (NDT) is the method of examining, testing, or assessing products, parts, or assemblies for discontinuities or discrepancies in functionality without sacrificing the part's or system's serviceability. NDT techniques are used in production lines, on-site inspections, and fabrication units to maintain product reliability, the manufacturing process, a uniform quality level, and lower product costs. The main techniques of non-destructive testing (NDT) and inspection include magnetic particle testing, ultrasonic testing, visual testing, liquid penetrant testing, eddy-current testing, radiographic testing, acoustic emission testing, and others. Ultrasonic testing (UT) is a non-destructive test procedure for detecting cracks and defects in parts and components using sound waves. The methods used in NDT inspection include visual inspection, surface inspection, volumetric inspection, and others. These services are used by manufacturing, oil & gas, aerospace, public infrastructure, automotive, power generation, and other verticals. The global non destructive testing (NDT) and inspection market is segmented - 1) By Technique: Magnetic Particle Testing, Ultrasonic Testing, Visual Testing, Liquid Penetrant Testing, Eddy-Current Testing, Radiographic Testing, Acoustic Emission Testing, Other Techniques 2) By Method: Visual Inspection, Surface Inspection, Volumetric Inspection, Other Methods 3) By Vertical: Manufacturing, Oil and Gas, Aerospace, Public Infrastructure, Automotive, Power Generation, Other Verticals The global non-destructive testing (NDT) and inspection market size will grow from $8.45 billion in 2022 to $9.49 billion in 2023, at a compound annual growth rate (CAGR) of 12.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The non-destructive testing (NDT) and inspection market size is expected to grow to $12.4 billion in 2027 at a CAGR of 6.9%. Rapid growth in industrialization and urbanization across the globe is expected to propel the growth of the NDT and inspection market in the coming years. For instance, according to The International Institute for Environment and Development, the world's urban population increased to 4.4 billion in 2020. The high-pace manufacturing industries including the aerospace sector, are investing in NDT and inspection services for frequent quality inspections, detection of infrastructure failures, and others. The companies are also collaborating with NDT service providers to carry out training in order to maintain production efficiency by providing high quality training and education. For instance, in October 2020, Hellier NDT and Olympus extend collaboration to train future NDT inspectors. Olympus, a leading manufacturer of nondestructive testing (NDT) solutions, has provided advanced NDT inspection equipment to Hellier in Texas, US location. By this collaboration, OmniScanTM X3 phased array flaw detector with FMC/TFM and other Olympus instruments will be used to train next generation of ultrasonic testers. Therefore, the rapid growth in industrialization and urbanization across the globe propels the growth of the NDT and inspection market. Major players in the non-destructive testing (NDT) and inspection market are MISTRAS Group, Acuren Inspection Inc., YXLON International, Fprimec Solutions Inc., Baker Hughes, Applied Technical Services, TEAM Inc., SGS Group, Applus Services, Bureau Veritas S.A., and Intertek Group plc. Technological advancement is a key trend shaping the NDT and inspection market. Major companies operating in the NDT and inspection field are focused on developing technological solutions for NDT and inspection to strengthen their position. For instance, in April 2022, VCxray Inspection Service, a NDT division of VisiConsult, a specialist in industrial X-ray technology, launched x.OS, an X-ray operating system used for non-destructive testing (NDT). It is an innovative software solution for industrial X-ray inspection. In November 2021, Acuren, a US-based provider of nondestructive testing, inspection and engineering services for industries acquired Premium Inspection and Testing Group for an undisclosed amount. The combination provide Premium will have new service capabilities, such as rope access-based industrial solutions (hard and soft trades), materials engineering and testing, reliability engineering (rotating equipment). Premium Inspection and Testing Group is a US-based company involved in offering a range non-destructive testing and inspection services. North America was the largest region in the NDT and inspection market in 2022. The regions covered in the NDT and inspection market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the non-destructive testing (NDT) and inspection market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The non-destructive testing (NDT) market includes revenues earned by entities by providing services such as visual NDT (VT), ultrasonic NDT (UT), radiography NDT (RT), eddy current NDT (ET), magnetic particle NDT (MT), acoustic emission NDT (AE), dye penetrant NDT (PT), and leak testing (LT). The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The NDT and inspection market research report is one of a series of new reports from The Business Research Company that provides NDT and inspection market statistics, including NDT and inspection industry global market size, regional shares, competitors with an NDT and inspection market share, detailed NDT and inspection market segments, market trends and opportunities, and any further data you may need to thrive in the NDT and inspection industry. This NDT and inspection market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Asset integrity management (AIM) is a method that enables the asset's ability and potential to be effectively managed to mitigate and eliminate corrosion and fatigue crack degradation. It ensures that a facility's assets are designed, fabricated, procured, installed, and maintained appropriately for their intended application throughout the operation's life. The main types of services in the asset integrity management market are non-destructive testing (NDT), risk-based inspection (RBI), corrosion management, pipeline integrity management, hazard identification (HAZID), structural integrity management and others. Nondestructive Testing (NDT) is a term that refers to a group of non-invasive inspection techniques that are used to inspect material properties, parts, and whole process units. NDT checks are used in the lifecycle of a plant in the petrochemical industry. Asset integrity management relies heavily on this approach. The asset integrity management market is used in various industries such as oil and gas, power, mining, aerospace and others. The global asset integrity management market is segmented - 1) By Service Type: Non-Destructive Testing (NDT), Risk-Based Inspection (RBI), Corrosion Management, Pipeline Integrity Management, Hazard Identification (HAZID) Study, Structural Integrity Management, Other Services Types 2) By End Use Industry: Oil And Gas, Power, Mining, Aerospace, Other End Users The global asset integrity management market size will grow from $25.51 billion in 2022 to $28.59 billion in 2023 at a compound annual growth rate (CAGR) of 12.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the asset integrity management is expected to grow to $39.84 billion in 2027 at a CAGR of 8.6%. The growing demand for maintaining the assets is expected to fuel the growth of the asset integrity management market in the coming years. The majority of businesses are introducing asset integrity management (AIM) services because it prevents significant harm to people and the community, and improves business efficiency. For example, MISTRAS Group, a US-based provider of advanced technology-enabled asset security solutions, reported revenue of $160.8 million in the fourth quarter of 2020, an increase of 8.7% from the third quarter of 2020. Therefore, the increasing demand for asset integrity management drives the asset integrity management market growth. Major players in the asset integrity management market are SGS SA, TWI Ltd., EM&I, LifeTech Engineering Ltd., Aker Solutions ASA, Applus+, DNV GL, John Wood Group PLC, Oceaneering International Inc., Intertek Group plc, Metegrity Inc., FORCE Technology Norway AS, Bureau Veritas SA, TechnipFMC plc, Fluor Corporation, Dacon Inspection Technologies, General Electric, ABB, Siemens, TÜV SÜD, ABS Group, Velosi Asset Integrity Ltd., Axess Group, Element Materials Technology, and MISTRAS Group Inc. The launch of innovative solutions is shaping the asset integrity management market. Major companies operating in the asset integrity management sector are focused on developing technological solutions for asset integrity management. For instance, in November 2020, OMNI, part of ICR Integrity, a UK-based provider of integrated maintenance, repair, and manufacturing solutions introduced a new digital full lifecycle asset integrity management system built by industry specialists that allow businesses to track, forecast, schedule, and optimize their asset integrity management programs. In August 2022, Baker Hughes Company, a US-based multinationalindustrial service company acquired Quest Integrity for an undisclosed amount. Through this acquisition,Baker Hughes Company aims to expand its portfolio in asset inspection solutions for the energy and industrial sectors. Quest Integrity is a US-based asset integrity and reliability management solutions, provider. North America was the largest region in the asset integrity management market in 2022. The regions covered in the asset integrity management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the asset integrity management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The asset integrity management (AIM) market includes revenues earned by entities by providing solutions and services such as risk-based inspection, forensic engineering & failure analysis services, laser scanning, technical inspection, asset optimiations, surveying and mapping for monitoring and maintaining an asset's capacity to carry out its intended purpose effectively and efficiently, such as a power plant, an oil rig, and refinery. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The asset integrity management market research report is one of a series of new reports from The Business Research Company that provides asset integrity management market statistics, including asset integrity management industry global market size, regional shares, competitors with a asset integrity management market share, detailed asset integrity management market segments, market trends and opportunities, and any further data you may need to thrive in the asset integrity management industry. This asset integrity management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Corrosion under insulation refers to corrosion of steel and iron equipment due to the entry of moisture from insulation vents. Spray-on insulation coating is an epoxy-based coating applied to the inner lining of insulation pipes in the form of compressed air. The coating can prolong the service life of the pipeline and protect it from corrosion. Corrosion under insulation (CUI) & spray-on insulation (SOI) coatings are used for the protection of metal and metal components from degradation and decomposition due to exposure to moisture, oxidation, and heat exposure. The main products of corrosion under insulation (CUI) and spray-on insulation (SOI) coatings are solvent-based coatings, water-based paint, and powder coating. The term "solvent-based coating" refers to a liquefying agent used for the protection of metals and metal components from degradation and decomposition due to exposure to moisture, oxidation, and heat exposure. Solvent-based coatings evaporate after coming in contact with air, which shortens the drying time of coating. The various types of materials are epoxy anticorrosive coating, polyurethane coating, inorganic zinc-rich coating, alkyd coating, acrylic coating, chlorinated rubber coating, and others that are used in marine, oil and gas, petrochemical, energy and power, and other end users. The global corrosion under insulation cui and spray on insulation soi coatings market is segmented - 1) By Product: Solvent-Based Coating, Water-Based Paint, Powder Coating 2) By Material: Epoxy Anticorrosive Coating, Polyurethane Coating, Inorganic Zinc-Rich Coating, Alkyd Coating, Acrylic Coating, Chlorinated Rubber Coating, Other Materials 3) By End-User: Marine, Oil and Gas and Petrochemical, Energy and Power, Other End-Users The global corrosion under insulation (cui) & spray-on insulation (soi) coatings market size grew from $1.73 billion in 2022 to $1.87 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the corrosion under insulation (cui) & spray-on insulation (soi) coatings is expected to grow to $2.34 billion in 2027 at a CAGR of 5.8%. The rapid growth in end-use industries such as marine, oil & gas, and petrochemical, construction industries, is driving the growth of corrosion under insulation (CUI) and spray-on insulation (SOI) coatings. Marine industries, the oil & gas industry, construction and the petrochemical industry have been rising in recent years due to economic growth and industrialization. These industries are equipped with large numbers of pipelines that are continuously exposed to corrosive chemicals and moisture. Thus, they constantly need coatings to protect pipelines from corrosion, which drives the corrosion under insulation (CUI) and spray-on insulation (SOI) coatings market forward. For instance, in June 2022, according to a recent estimate by the International Energy Agency (IEA), global energy investment is expected to expand by 8% in 2022 to reach USD 2.4 trillion, with the anticipated increase coming mostly from renewable energy. Furthermore, according to the U.S. Census Bureau report on monthly construction spending in 2022, construction spending reached $ 1,744.8 billion in April 2022, a 0.8% rise from the revised March estimate of $ 1,740.6 billion. Therefore, the growth of end-user industries is expected to propel the growth of the corrosion under insulation (CUI) and spray-on insulation (SOI) coatings market going forward. Major players in the corrosion under insulation (CUI) & spray-on insulation (SOI) coatings market are Akzo Nobel N.V., PPG Industries Inc., Jotun A/S, The Sherwin-Williams Company, Hempel A/s, Kansai Paint Co. Ltd., Nippon Paint Co. Ltd., RPM International Inc., Mascoat, Syneffex Inc., Kaefer GmbH, Belzona, and Resimac Ltd. Strategic partnerships have emerged as a key trend gaining popularity in the corrosion under insulation (CUI) and spray-on insulation (SOI) coatings market. Major companies operating in the corrosion under insulation (CUI) and spray-on insulation (SOI) coatings sectors are entering into a partnership to expand their market. For instance, in June 2020, BASF, a German-based chemical manufacturing company specializing in coatings, entered into a partnership with GACNE. The partnership aims to improve GACNE's paint shop operations and decision-making. BASF will supply technical know-how, including administration of the paint facility and thorough color development. BASF has taken over as GACNE's only coating supplier, including e-coat, primer, the basecoat, and clear coat. GACNE is a China-based automotive manufacturing company. Moreover, in February 2020, PPG Industries Inc., a US-based paints, coatings, and specialty materials company, collaborated with Dow and its Sustainable Future Program for an undisclosed amount. The collaboration focuses on development to accelerate the adoption of low-carbon technologies. Further, it focuses on advances in anti-corrosion coating products for steel, designed to deliver reduced greenhouse gas (GHG) emissions through increased energy efficiency while helping to lessen the high maintenance costs of steel infrastructure. Dow is a US-based chemical company that manufactures coatings and insulation material and products. In April 2020, Akzo Nobel, a Dutch-based chemical company that manufactures performance coatings and paint, acquired Mauvilac Industries Limited for an undisclosed amount. Through this acquisition, AkzoNobel's presence in Sub-Saharan Africa is strengthened, which also helps to maintain its dominant position in the African decorative paints industry. Mauvilac Industries Limited is a Mauritia US-based manufacturer of decorative and specialized paints and coatings. Asia-Pacific was the largest region in the corrosion under insulation (CUI) & spray-on insulation (SOI) coatings market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the corrosion under insulation (CUI) & spray-on insulation (SOI) coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the corrosion under insulation (CUI) & spray-on insulation (SOI) coatings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The corrosion under insulation (CUI) & spray-on insulation (SOI) coatings market consists of sales of silicone used as corrosion under insulation coating. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The corrosion under insulation (CUI) & spray-on insulation (SOI) coatings market research report is one of a series of new reports from The Business Research Company that provides corrosion under insulation (CUI) & spray-on insulation (SOI) coatings market share, detailed corrosion under insulation (CUI) & spray-on insulation (SOI) coatings market segments, market trends and opportunities, and any further data you may need to thrive in the corrosion under insulation (CUI) & spray-on insulation (SOI) coatings industry. This corrosion under insulation (CUI) & spray-on insulation (SOI) coatings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Industrial control refers to electronic control systems that can control, monitor, and automate industrial processes with high precision, improved product quality, and reliability. The main types of control systems of industrial controls are distributed control systems (DCS), supervisory control and data acquisition system (SCADA,) and manufacturing execution system (MES). A distributed control system (DCS) is a platform for automated plant or industrial process control and operation. Human -machinerface (HMI), logic solvers, historian, common database, alarm management, and a common engineering suite are all combined into a DCS. The various component used includes modular terminal block relays and optocouplers, surge protectors, marking systems, printing, ferules cable lugs, handtools, testers, enclosure products, PCB connectors, and terminals, heavy-duty connectors, analog signal coconditionerselectronics housings, power supplies, industrial ethernet, and Remote IO. Industrial controls are used by automotive, utility, electronics and semiconductors, mining, and other end-users. The global industrial controls market is segmented - 1) By Control system: Distributed Control System (DCS), Supervisory Control & Data Acquisition System (SCADA), Manufacturing Execution System (MES) 2) By End User: Automotive, Utility, Electronics & Semiconductor, Mining, Other End Users 3) By Component: Modular Terminal Block, Relays and Optocouplers, Surge Protectors, Marking Systems, Printing, Ferulles Cable Lugs, Handtools, Testers, Enclosure Products, PCB Connetors and Terminals, Heavy Duty Connectors, Analog Signal Conditioner, Electronics Housings, Power Supplies, Industrial Ethernet, Remote IO The global industrial controls market size will grow from $136.82 billion in 2022 to $145.76 billion in 2023 at a compound annual growth rate (CAGR) of 6.5% . The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global industrial controls market is expected to grow to $179.89 billion in 2027 at a CAGR of 5.4% . The growth of manufacturing industries, especially in developing economies is expected to support the growth of the industrial controls market. Industrial controls are monitor and automate industrial processes with high precision, improved product quality, and reliability. For instance, in April 2022, according to Goldman Sachs, a US-based investment banking company, the Indian manufacturing sector had growth of 210% in the fiscal year 2021–2022, compared to the fiscal year 2020–21, as well as a substantial increase in new investment and ordering activity post the pandemic. Compared to 2019–20, the manufacturing sector saw a 460% increase in 2021–22. Similarly, in March 2022, according to the United Nations Industrial Development Organization (UNIDO), an Austrian based agency that assists in economic and industrial development, global manufacturing production increased by 9.4% in 2021. Thus, the growth of manufacturing industries will support the growth of the industrial controls market. Major players in the industrial controls market are ABB Ltd., Mitsubishi Electric Factory Automation, Siemens, Honeywell International Incorporation, Emerson Electric Company, Schneider Electric SA, Omron Corporation, Rockwell Automation, Yokogawa Electric Corporation, and Endress+Hauser . The industrial controls market is expected to be aided by rapid growth in investments in smart city projects in many countries globally. Industrial controls are being designed using artificial intelligence (AI) and the internet of things (IoT) that can support energy, telecommunications, surveillance, and other services. Smart city technologies are integrated with electrical and electronic components, thereby benefitting the companies operating in this market. According to the Indian Brand Equity Foundation (IBEF) report in March 2021, India-based government agency for providing economic information, the government of India announced the investment of $ 28.31 billion for the "Smart City Mission" in 2020 and additionally, by 2020, 176,059 crores (US$ 24.31 billion), or 86% of the total, will have been offered to complete projects. For instance, more than 1,000 smart city pilot projects are either ready for or are under construction globally and around 500 of these projects are in China. Malicious cyber-attacks due to a lack of security in industrial infrastructure are acting as a restraint on the industrial controls market. Industrial controls are increasingly being integrated with connected sensors and integrated data systems making them vulnerable to cyber-attacks. For instance, 156 tornado alarm systems in the US city of Dallas were hacked forcing authorities to shut down the emergency system. OEMs are increasingly outsourcing product design and development processes to EMS partners to reduce overall costs and shift from fixed costs to variable costs. Some OEMs are collaborating with EMS partners and moving into new business models such as joint design manufacturing (JDM) and outsourced design manufacturing (ODM). JDM model is further divided into high touch JDM and low touch JDM. ODM model focuses on qualification and system integration testing, thus indicating a shift in the industrial controls manufacturing process. In September 2020, Dover Corporation, an American conglomerate manufacturer of industrial products, acquired XanTec Steuerungs- und EDV-Technik (Maag) for an undisclosed amount. The acquisition enhances Maag’s automation solutions offering with internet of things-enabled technology and positions Maag to grow its presence in aftermarket, remote service, and monitoring solutions for the polymer processing industry and related markets. XanTec Steuerungs- und EDV-Technik (Maag), is a Switzerland-based provider of integrated and customizable process technology solutions for the polymer, chemical, petrochemical, pharmaceutical, and food industries. Asia-Pacific was the largest region in the industrial controls market in 2022. Western Europe was the second-largest region in the global industrial controls market share. The regions covered in the global industrial controls market report analysis are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the industrial controls market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The industrial controls market consists of sales of supervisory control & data acquisition system (SCADA), distributed control system (DCS), manufacturing execution system (MES), and other industrial controls. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The industrial controls market research report is one of a series of new reports from The Business Research Company that provides industrial controls market statistics, including industrial controls industry global market size, regional shares, competitors with an industrial controls market share, detailed industrial controls market segments, market trends and opportunities, and any further data you may need to thrive in the industrial controls industry. This industrial controls market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

A relay is defined as an electromagnetic switch that opens or closes a circuit to regulate the flow of electricity in single or multiple circuits controlled by one signal. Industrial control refers to electronic control systems that can control, monitor, and automate industrial processes. The main control systems of relay and industrial control are distributed control systems (DCS), supervisory control & data acquisition systems (SCADA), and manufacturing execution systems (MES). A distributed control system (DCS) is a platform for automated plant or industrial process control and operation. Human-machine interface (HMI), logic solvers, historians, common database, alarm management, and a common engineering suite are all combined into a DCS. The various component used are modular terminal blocks, relays, optocouplers, surge protectors, marking systems, printing, ferules cable lugs, hand tools, testers, enclosure products, PCB connectors and terminals, heavy-duty connectors, analog signal conditioners, electronics housing, power supplies, industrial ethernet, and remote IO. Relay and industrial control are used for automotive, industrial, communications, household appliances, and other applications. The global relay and industrial controls market is segmented - 1) By Application: Automotive, Industrial, Communications, Household Appliance, Other Applications 2) By Control system: Distributed Control System (DCS), Supervisory Control & Data Acquisition System (SCADA), Manufacturing Execution System (MES) 3) By Component: Modular Terminal Blocks, Relays & Optocouplers, Surge Protectors, Marking Systems, Printing, Ferulles Cable Lugs, Handtools, Testers, Enclosure Products, PCB Connectors & Terminals, Heavy Duty Connectors, Analog Signal Conditioner, Electronics Housing, Power Supplies, Industrial Etherne, Remote IO The global relay and industrial controls market size will grow from $143.36 billion in 2022 to $152.59 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global relay and industrial controls is expected to grow to $188.65 billion in 2027 at a CAGR of 5.4%. The relay and industrial controls market is expected to be supported by rapid growth in investments in smart city projects in many countries globally. Industrial controls are being designed using artificial intelligence (AI) and the internet of things (IoT) that can support energy, telecommunications, surveillance, and other services. Smart city technologies are integrated with electrical and electronic components, therefore benefitting the companies operating in this relay and industrial controls market. According to the International Data Corporation (IDC) 2019, the global spending on smart city initiatives will total nearly $124 billion in 2020 and increase by 18.9% over 2019 spending. The smart cities concept is also increasingly being adopted in developing nations. For instance, more than 1,000 smart city pilot projects are either ready or are under construction globally and around 500 of them are in China. Major players in the relay and industrial controls market are ABB Ltd., Siemens, Honeywell International Incorporation, Emerson Electric Company, Schneider Electric SA, Mitsubishi Electric Factory Automation, Omron Corporation, Rockwell Automation, Yokogawa Electric Corporation, and Fuji Electric. High power consumption by relays and the presence of alternatives such as optocouplers (opt-isolators) is a major restraint on the relay and industrial controls market. Relays are used to turn on or turn off a circuit electronically or electromechanically. Relays pose a problem in cases where power consumption needs to be kept minimum. For instance, to switch on a small LED light, the power consumed by the relay could be more than the power consumed by the light. Also, PV solar systems may require larger solar panels and batteries to compensate for the excess power consumption by relays. This increases costs and limits the usage of relays in such applications. Plug-in relays are increasingly being used in the automotive sector due to their light weight compared to electromechanical relays. These relays can handle high-rated current and operating voltage similar to that of electromechanical type relays. Plug-in relays are being used in automobile applications such as electrically heated catalytic converters, heater controls, windscreen wipers, motors and pumps, and body electronics, such as door locks, seat controls, window lifters, and others. For instance, Omron’s plug-in automotive relays that range from 20A to 70A are used in automotive applications such as artery motors, heater controls, windscreen wipers, and any applications that require high continuous current switching. In January 2022, TE Connectivity, a Swiss-based technology company, acquired Phoenix Contact Group (GEIS) for an undisclosed amount. The acquisition expands TE's relay portfolio for the factory automation, elevator, and rail markets by adding a single-pole, force-guided offering. Phoenix Contact Group is a Germany-based component and systems manufacturer for connectivity solutions. Asia-Pacific was the largest region in the relay and industrial controls market in 2022. North America was the second-largest region in the global relay and industrial controls market share. The regions covered in the global relay and industrial controls market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the relay and industrial controls market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The relay and industrial controls market consists of sales of PCB power relays, signal relays, plugin relays, rheostats industrial controls, pushbutton, selector, and pilot switches, and other relay and industrial controls. They are used in various industries such as the military, industrial automation, mining, electronics, and semiconductors. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The relay and industrial controls market research report is one of a series of new reports from The Business Research Company that provides relay and industrial controls market statistics, including relay and industrial controls industry global market size, regional shares, competitors with a relay and industrial controls market share, detailed relay and industrial controls market segments, market trends and opportunities, and any further data you may need to thrive in the relay and industrial controls industry. This relay and industrial controls market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

An analytical standard is a high-grade compound and a defined concentration to be used as a calibration standard for a specified experiment. Analytical standards are introduced in all fields such as veterinary, life sciences, food, and beverage, forensics, environmental and pharmaceutical industries. The analytical standards market covered in this report is segmented by type into organic standards, and inorganic standards; by technique into chromatography, spectroscopy, titrimetry, physical property testing; by methodology into bioanalytical testing, stability testing, raw material testing, dissolution testing, others; by application into microbiology testing, physical properties testing, toxicity testing, contamination testing, QA/QC testing, proficiency testing, stability testing, others and by end-user into food & beverages standards, forensic standards, veterinary drug standards, petrochemistry standards, environmental, pharmaceutical and life science standards. The global analytical standards market is segmented - 1) By Type: Organic Standards, Inorganic Standards 2) By Technique: Chromatography, Spectroscopy, Titrimetry, Physical Property Testing 3) By Methodology: Bioanalytical Testing, Stability Testing, Raw material Testing, Dissolution Testing, Other Methodologies 4) By Application: Microbiology Testing, Physical Properties Testing, Toxicity Testing, Contamination Testing, QA/QC Testing, Proficiency Testing, Stability Testing, Other Applications 5) By End User: Food And Beverages Standards, Forensic Standards, Veterinary Drug Standards, Petrochemistry Standards, Environmental, Pharmaceutical And Life Science Standards The global analytical standards market size grew from $1.47 billion in 2022 to $1.57 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The analytical standards market size is expected to grow to $1.97 billion in 2027 at a CAGR of 6.0%. The rising public concerns related to optimal food safety and quality are predicted to boost the growth of the analytical standards market over the coming years. Consumption of contaminated and adulterated food comprising chemical compounds, dangerous bacteria, parasites, and viruses produces more than 200 diseases ranging from diarrhea to cancer. Analytical techniques such as mass spectrometry and chromatography are widely employed by food testing laboratories to scan for spoilage and guarantee food safety. For instance, according to the World Health Organization’s report published in 2020, it is projected that 600 million (nearly 1 in 10 people) fall ill in the nation after consuming adulterated food, and 420 000 die each year, resulting in the loss of 33 million healthy years of life. Diarrheal illnesses are the most prevalent diseases caused by the ingestion of infected food, leading 550 million individuals to fall sick and 230 000 losses per year. Therefore, the rising public concerns related to optimal food safety and quality drive the growth of the analytical standards market. The high capital investment required for the analytical instruments is expected to hamper the growth of the analytical standards market in the coming years. Analytical instruments are a broad variety of tools employed for analytical purposes in clinical, oil refineries, pharmaceutical, chemical, and food processing laboratories. The cost of the instrument is generally perceived to be an investment in a new method. The cost of the analytical instrument ranges from $17,000 to $25,000. The maintenance cost further includes a service contract cost of $2,000, which is usually 10%-15% of the purchase cost of the equipment every year. Therefore, the huge capital investment required for the analytical instruments restraints the growth of the analytical standards market. Major players in the analytical standards market are Merck KGaA, Agilent Technologies, Waters Corporation, LGC Standards, PerkinElmer Inc., Restek Corporation, SPEX CertiPrep, AccuStandard Inc., Thermo Fisher Scientific Inc., and Mallinckrodt. Technological advancement is a key trend gaining popularity in the analytical standards market. Major companies operating in the analytical standards sector are focusing on developing new technological solutions for analytical standards. For example, in September 2020, Waters Corp, a US-based analytical laboratory instrument manufacturing company, declared the formation of the new Waters Analytical Laboratory Immerse Cambridge. Immerse Cambridge's open technology concept comprises the latest analytical, informatics, and automation resources that span a broad spectrum of domains across the life, food, and materials sciences. It is also tailored for disseminating and spreading concepts through training, collaborative study, and mentoring experience for students and emerging business experts. In August 2022, Agilent Technologies Inc., a US-based life sciences company acquired Polymer Standards Service GmbH for an undisclosed amount. The acquisition is expected to broaden Agilent's product portfolio and customer offerings, particularly in the chemical and biopharmaceutical industries for the analysis of natural and synthetic polymers such as nucleic acids, proteins, monoclonal antibodies, polysaccharides, and synthetic plastic. Polymer Standards Service GmbH is a Germany-based solution provider in the field of polymer characterization. North America was the largest region in the analytical standards market in 2022. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the analytical standards market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the analytical standards market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The analytical standards market consists of revenues earned by entities by providing primary and secondary analytical standards. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The analytical standards market research report is one of a series of new reports from The Business Research Company that provides analytical standards market statistics, including analytical standards industry global market size, regional shares, competitors with an analytical standards market share, detailed analytical standards market segments, market trends and opportunities, and any further data you may need to thrive in the analytical standards industry. This analytical standards market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The smart coatings market consists of sales of smart coatings by entities (organizations, sole traders, and partnerships) that are used to provide a variety of functions in addition to corrosion protection. Smart coatings are special films with preset features that allow them to detect and respond to external stimuli such as the environment. Corrosion prevention, material protection, and other surface improvement applications can all benefit from the coatings' self-healing and self-repair capabilities. The main types of smart coatings are single-layer, and multi-layer. Single-layer boards, also known as single-sided boards, are made up of components on one side and a conductor pattern on the other. Single-layer anti-reflection coating could be made non-reflective only at one wavelength, generally in the middle of the visible. The different functions include anti-corrosion, anti-icing, anti-fouling, anti-microbial, self-cleaning, and self-healing and are used in automotive, aerospace, construction, military, and healthcare. The global smart coatings market is segmented – 1) By Product: Single-Layer, Multi-Layer 2) By Function: Anti-Corrosion, Anti-Icing, Anti-Fouling, Anti-Microbial, Self-Cleaning, Self-Healing 3) By Application: Automotive, Aerospace, Construction, Military, Healthcare, Other Applications The global smart coatings market size grew from $4.01 billion in 2022 to $5.15 billion in 2023 at a compound annual growth rate (CAGR) of 28.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the global smart coatings is expected to grow to $12.4 billion in 2027 at a CAGR of 24.6%. Increasing demand from the construction industry is expected to propel the growth of the smart coatings market. The construction industry mainly involves building and repairing structures. Smart coatings are special films that provide predefined properties to make them sense and respond to external environmental and stimuli. Smart coatings powered by nanotechnology are quickly becoming an excellent solution that has unique and powerful solutions for corrosion prevention. For instance, according to the Indian Ministry of Statistics and Programme Implementation, in 2022, the construction sector is expected to grow in double digits at 10.7%. Thus, the increasing demand from the construction industry will drive the growth of the smart coatings market. Major players in the smart coatings market are DuPont de Nemours Inc., PPG Industries Inc., Bayer AG, BASF SE, The Dow Chemical Co., 3M Company, Akzo Nobel N.V., Jotun A/S, The Sherwin-Williams Company, NEI Corporation, RPM International Inc., Ancatt Inc., Hempel As, and Koninklijke DSM N.V. . Technological advancements are the key trends gaining popularity in the smart coatings market. Innovations in technology and the increasing trend of smart coatings technology is encouraging market demand. Major players in the market are focusing on developing technologically advanced products for market growth. For instance, in September 2021, PPG Industries Inc., a US-based company that develops and delivers paints, coatings, and specialty materials launched PPG Sigma Sailadvance NX coating, a key antifouling technical breakthrough. The coating reduces fuel use and associated carbon dioxide (CO2) emissions, resulting in cheaper total operating costs and a greater contribution to global carbon reduction goals. A biocide package in the PPG Sigma Sailadvance NX coating tackles a wide range of global fouling growth conditions, from bacterial slime to soft fouling to aggressive animal fouling. In February 2022, The Sherwin-Williams Company, a US-based paint, and coating manufacturing company acquired AquaSurTech, for an undisclosed amount. This acquisition would strengthen Sherwin-Williams’ position as a leading provider of coatings solutions in the building products market. AquaSurTech is a Canada-based company involved in the development, manufacturing, and sale of durable, environmentally-friendly coatings. Asia-Pacific was the largest region in the smart coatings market in 2022. Asia-Pacific is expected to be the fastest-growing region in the market share. The regions covered in the smart coatings market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the smart coatings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The smart coatings market consists of sales of smart coatings including antifungal and ant fingerprinting. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The smart coatings market research report is one of a series of new reports from The Business Research Company that provides smart coatings market statistics, including smart coatings industry global market size, regional shares, competitors with a smart coatings market share, detailed smart coatings market segments, market trends and opportunities, and any further data you may need to thrive in the smart coatings industry. This smart coatings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The metalworking fluids are used to improve the workpiece's performance by constantly eliminating dust, chips, and swarfs from the tool and the workpiece's surface. Metalworking fluid (MWF) refers to a group of oils and other fluids used to cool and lubricate metal workpieces while they are being machined, crushed, or milled. Metalworking fluids (MWFs) help to avoid burning and smoking by reducing heat and friction between the cutting tool and the workpiece. The main types of metalworking fluids are mineral, synthetic and bio-based. Mineral oils are refining methods that assist in minimizing the amount of polynuclear aromatic hydrocarbons in metalworking fluids (PAHs). It is used in neat cutting oils, water cutting oils, corrosion preventive oils, others and is implemented in various verticals such as construction, electrical and power, automobile, metal fabrication, transportation equipment, others. The global metalworking fluids market is segmented – 1) By Type: Mineral, Synthetic, Bio-Based 2) By Application: Neat Cutting Oils, Water Cutting Oils, Corrosion Preventive Oils, Other Applications 3) By End-Use Industry: Construction, Electrical And Power, Automobile, Metal Fabrication, Transportation Equipment, Other End-Use Industries The global metalworking fluids market size grew from $11.49 billion in 2022 to $12.26 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the global metalworking fluids is expected to grow to $14.99 billion in 2027 at a CAGR of 5.1%. The growing automotive sector is expected to fuel the growth of the metalworking fluids market in the forecast period. The automotive industry is made up of a diverse group of businesses and organizations that are involved in the design development, production, marketing, and sale of automobiles. Metalworking fluids, which minimize heat and friction in industrial cutting and grinding operations, are frequently utilized by automobile manufacturers in the manufacturing of car parts and other equipment. For instance, Hyundai Motor Company, a South Korea-based automotive manufacturer announced a 23.8% year-over-year rise in domestic deliveries to 52,005 units in January 2021. Moreover, according to the India Brand Equity Foundation (IBEF), in 2020, roughly 3.49 million units of commercial and passenger vehicle categories were sold in India. Therefore, the growing automotive sector drives the growth of the metalworking fluids market. Major players in the metalworking fluids market are Exxon Mobil Corporation, TotalEnergies, Houghton International Inc., Henkel, Fuchs Petrolub, Quaker Chemical Corporation, Hindustan Petroleum Corporation Limited, Castrol, Lubrizol, Croda International, Royal Dutch Shell, Lukoil Oil Company, Sinopec, Apar Industries Limited, Yushiro Chemical Industry Co. Ltd., Idemitsu Kosan, Cimcool Industrial Products Inc., Blaser Swisslube, Motul, Oelheld, MORESCO Corporation, QualiChem, Master Fluid Solutions, and Hardcastle Petrofer. The launch of new product lines is shaping the metalworking fluids market. Major companies operating in the metalworking fluids sector are focused on launching new product lines for metalworking fluids to improve product uniformity, cost, and marketability. For instance, in October 2020, Biosynthetic Technologies, a US-based manufacturer of bio based synthetic compounds, launched their new Bioceam product line of cutting-edge additives for use in metalworking fluids for the market. These innovative, environmentally friendly additives are bio based, biodegradable, non-bioaccumulative, and non-toxic and employ the patented estolide technology. The high-demanding water soluble, synthetic, and conventional oil additive applications of Biocea additives make use of Biosynthetic Technologies' exclusive estolide technology. In March 2020, DuBois Chemicals, a US-based chemical solutions provider acquired Cimcool business from Milacron, a subsidiary of Hillenbrand for a deal amount of $224 million. The acquisition is expected to provide a new set of solutions, applications experts, technical service resources to support DuBois customers, adding value by expanding the company's global presence and important segments through new applications and technical resources. Cimcool Industrial Products Inc is a US-based formulator and manufacturer of high-performance specialty metalworking fluids, including removal, forming, protective, and cleaning fluids. Asia-Pacific was the largest region in the metalworking fluids market in 2022. North America was the second-largest market in the metalworking fluids market share. The regions covered in the metalworking fluids market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the metalworking fluids market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The metalworking fluids market consists of sales of water-soluble oils and semi-synthetic fluids. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The metalworking fluids market research report is one of a series of new reports from The Business Research Company that provides metalworking fluids market statistics, including metalworking fluids industry global market size, regional shares, competitors with a metalworking fluids market share, detailed metalworking fluids market segments, market trends and opportunities, and any further data you may need to thrive in the metalworking fluids industry. This metalworking fluids market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.