The Business Research Company’s Measuring And Control Instruments Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026
LONDON, GREATER LONDON, UK, April 8, 2022 /EINPresswire.com/ — Companies in the global measuring and control instruments market are investing in the development of new 3D microscopes with the ability to increase productivity, improve diagnosis and research capabilities. 3D microscopes are capable of capturing images from different positions and generating 3D images. Unlike the traditional microscopes, these 3D microscopes do not require the specimen to be cut into pieces but preserves specimen for additional study.
The global measuring and control instruments market size is expected to grow from $0.70 trillion in 2021 to $0.78 trillion in 2022 at a compound annual growth rate (CAGR) of 11.9%. 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 global measuring and control instrument market share is expected to reach $1.18 trillion in 2026 at a CAGR of 10.9%.
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Governments around the world are investing in the creation of smart cities, this is expected to increase the demand for measuring and control instruments for variety of applications. Smart cities use search, detection and navigation devices to ensure the safety of the citizens. They also use global positioning systems (GPS), machine-to-machine (M2M) communication, Wi-Fi and radio frequency identification (RFID) technologies for effective communication. Overall, the smart city experience involves systems and objects interconnected through various technologies, such as local, wide and wireless networks. The concept of smart cities is also gaining traction in developing nations such as China and India as well as in developed nations such as EU. For instance, in China and India almost 300 smart city pilots are currently planned. Further, EU is actively promoting smart city initiatives, with funds for research and sustainability targets for member states. The establishment of smart cities will increase the demand for various types of navigational, measuring, electro medical and control instruments, boosting the growth of measuring and control instruments manufacturing market.
Major players covered in the global measuring and control instruments industry are Thermo Fisher Scientific, Siemens AG, Apple, Jabil Circuit Inc, Honeywell International Inc., Schneider Electric SE, Compagnie Financiere Richemont SA, Agilent Technologies, Inc., Hexagon AB and Emerson Electric Co.
Asia Pacific was the largest region in the measuring and control instruments market in 2021. North America was the second largest region in the measuring and control instruments market. The regions covered in the measuring and control instrument market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
TBRC’s global measuring and control instruments market research report is segmented by type into electronic products and components, navigational, measuring, electromedical and control instruments, others, by application into medical, electronic, oil and gas, consumer goods, chemicals, others, by sales channel into OEM, aftermarket, by mode into online, offline.
Measuring And Control Instruments Global Market Report 2022 – By Type (Other Electrical Equipment, Electronic Products And Components, Navigational, Measuring, Electro Medical And Control Instruments), By Application (Medical, Electronic, Oil & Gas, Consumer Goods, Chemicals), By Sales Channel (OEM, Aftermarket), By Mode (Online, Offline) – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides a measuring and control instruments market overview, forecast measuring and control instruments market size and growth for the whole market, measuring and control instruments market segments, geographies, measuring and control instruments market trends, measuring and control instruments market drivers, restraints, leading competitors’ revenues, profiles, and market shares.
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