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Category: ndustrial Automation

The emerging trend in automation incorporates metrology solutions for absolute measurement and inspection in the factory.

The emerging trend in automation incorporates metrology solutions for absolute measurement and inspection in the factory. By automating the inspection task, companies can benefit from higher repeatability in their inspection process, increased inspection frequencies, and faster response back into the process through a variety of techniques, including direct machine tool feedback. The increasing trend of factory automation and robotic automation also drives the industrial metrology market.

The industrial metrology market is expected to be valued at 12.97 billion by 2023, growing at a CAGR of 6.2% between 2018 and 2023. The growing big data analytics market and increasing demand for inspection services from the precision manufacturing drive the growth of industrial metrology market. Moreover, increasing focus on quality control in various industries also contributes to the growth of this market.

On the basis of offering, the market for solutions is expected to grow at the highest CAGR during the forecast period. Manufacturers today face various challenges such as turbulent economy, aging workforces, and huge data generation. Moreover, the regulatory and compliance requirements, and the constant pressure to innovate and stay ahead of the competition make it difficult for manufacturing plants to achieve and maintain profitability. The cloud-based automation solutions can help manufacturers succeed in terms of economic, social, and performance or operational aspects.

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Among the industrial metrology equipment, the market for coordinate measuring machine (CMM) is expected to grow at the highest CAGR during the forecast period. The rising need for precision dimensional analysis and validation of geometric accuracy in the manufacturing, automotive, and aerospace and defense industries contribute to the largest share of the CMM in the market.

The market for the quality control and inspection application is expected to grow at the highest CAGR during the forecast period. Industries such as automotive and aerospace face increasing demand for intense quality control and inspection; not meeting quality standards can hamper their reputation and, ultimately, their brand and business. Thus, industries are prominently adopting industrial metrology for quality control and inspection application.

The market for the automotive industry is expected to grow at the highest CAGR during the forecast period. The shift in preference from off-line quality inspection to near-line or in-line measurement techniques in the automotive industry, which enables higher sampling rates and shorter inspection times, drives the growth of the industrial metrology market for this industry. Moreover, the growing demand for automobiles in developing countries, such as India and China, is expected to fuel the growth of industrial metrology market in the near future.

The market in APAC is expected to grow at the highest CAGR during the forecast period. The growth in APAC is attributed by growing automotive and manufacturing plants in this region. Moreover, large funding from governments of various APAC countries in research and development, and extensive industrial base are the major contributors to the industrial metrology market in APAC, with China, South Korea, and Japan being the major countries contributing to the growth. Also, continuous technological advancements propel the growth of this market.

High Pressure Processing Equipment market to witness steady growth at 12.3% CAGR by 2026

Research Report Insights (RRI) delivers key insights on the global High pressure processing equipment market in its latest report titled, “High Pressure Processing Equipment Market by 2026”. The report projects the market size on the virtue of adoption of high pressure processing equipment for cold pasteurization in global food and beverages industry. According to the report, the global high pressure processing equipment market is projected to expand with an estimated CAGR of 12.3% in terms of volume, over the forecast period.

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Among applications based segments, juices & beverages segment is anticipated to register relatively higher CAGR in terms of value over the forecast period. Global sales of high pressure processing equipment was valued at US$ 133.5 Mn by the end of 2016, and is expected to create an incremental dollar opportunity of US$ 350.5 Mn during the forecast period. HPP equipment market in North America region occupied a lion share of 40.3% in the global high pressure processing equipment market in 2016 and is expected to continue its dominance throughout the forecast period. 

Changing life style and eating habits have resulted in significant increase in demand for processed, packaged food products and ready-to-eat food across the globe. Also, increasing health concerns and growing awareness about benefits associated with consumption of “clean label” food among consumers is expected to propel growth of HPP equipment market over the forecast period. Moreover, stringent regulations in countries like U.S and European Union nations pertaining to food safety are expected to influence the high pressure processing equipment market.

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Global high pressure processing market anticipated to register a CAGR of 13.7% in terms of value during the forecast period, 2016–2026.

Segmentation analysis

  • On the basis of vessel arrangement type, the horizontal vessel type segment is anticipated to continue to dominate the market in terms of value over the forecast period
  • On the basis of applications, the meat segment is anticipated to dominate the market in terms of value and volume. The juice & beverage application segment is anticipated to witness robust growth in terms of value and volume over the forecast period. In terms of value, the juice & beverage segment is expected to expand at a CAGR of 15.5% over the forecast period
  • On the basis of capacity, the above 300 litres segment is expected to be the most attractive in terms of CAGR and market share.

Regional analysis

North America and Europe collectively controlled 75% share of the global high pressure processing equipment market value in 2016. North America high pressure processing equipment market is expected to remain dominant over the forecast period. This growth is expected to be driven, primarily, due to high demand for high pressure processing equipment in various end use applications and among tolling services providers. Countries in Asia Pacific region, especially, China are expected to witness robust growth in adoption of high pressure processing equipment during the forecast period.

Global High Pressure Processing Equipment Market to register a CAGR Of 13.7% over 2026, with North America Dominating the Overall Market: RRI

Vendor insights

The global high pressure processing equipment market is consolidated and is characterised by presence of a handful of companies including Avure technologies, Hiperbaric SA, Multivac Group, Kobe Steel, Ltd., Bao Tou KeFa High Pressure Technology Co., Ltd, and Stansted Fluid Power Ltd among others

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