A surge in the adoption of industrial automation in the manufacturing industry is deemed to be one of the chief factors boosting the growth of the Human Machine Interface (HMI) Software Market. Rising integration of analytics software with various products to enhance the productivity as well as quality can also lead to more business growth in the near future.
Rising demand for nuclear power plants in developing countries and rise in need to produce green energy have boosted the growth of the nuclear power plant and equipment market. High initial investment required for nuclear power equipment, risk of a major accident, and energy alternatives limit market growth.
The global Railway Reservation Management System Market is mainly driven by the increasing preference of consumers for a cost-effective and swift mode of transportation. Increasing demand for improved efficiency across the rail industry is expected to fuel market growth. A railway management system helps to enhance railway efficiency without compromising on customer safety.
Lighting controllers are the devices which assists in controlling lights via sensor, and dimmers. It is an intelligent network-based lighting control solution that integrates communication between various system inputs and outputs related to lighting control with the use of central computing device.
According to a new market research report published by Credence Research “Global Gas Circuit Breaker Market – Growth, Future Prospects, and Competitive Analysis, 2019 – 2027”, the overall gas circuit breaker market worldwide was valued at $600.5 Mn in 2018 and is set to grow with a CAGR of 5.0% during the forecast period.
As sporting activities around the world are increasing, fans want their experience in the stadiums to be the best and for this purpose, stadium lighting needs to be of the highest order. Stadium lighting is required in both indoor and outdoor set-ups and is specifically used more for the outdoor set-up as it brings uniformity, visual comfort, and limiting obtrusive light.
According to a new market research report published by Credence Research, the global digital twin market was valued at $3.76 billion in the year 2018 and is expected to reach $57.38 billion by year 2027, expanding at a CAGR of 37.1% during the forecast from 2019 to 2027.
- General Electric (GE) warned industrial free cash flow will be negative in 2019 as problems persist in its troubled but core GE Power business. GE stock tumbled to its lowest level in weeks.
- The company is “selling its future” to try and maintain the present. GE appears to be selling higher return assets to pay for its lower return order book, with deteriorating net income.