Soaring demand for enhanced automotive components such as motorized seats continues to drive the brushless DC motors market. Moreover, stringent carbon emission regulations are fueling the demand for brushless DC motors in view of their superior energy efficiency features, delivering enhanced productivity, in addition to allowing for electrical savings.
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.
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.
A smart meter is a recording device that records consumption of a utility and relays the data to the utility company for monitoring and billing. Smart Meter Market is valued at $8,713.8 Million in 2018 and expected to reach $15,355.1 Million by 2025 with the CAGR of 8.43% over the forecast period.
The rise in need for efficient energy related inventions in infrastructure industry, increased market for Building automation and control system, and growth in the use of Internet of Things (IoT) in the building management system are some of the factors which are increasing the growth of the smart building market.