Burlingame, Aug. 21, 2023 (GLOBE NEWSWIRE) — The global computer numerical control (CNC) machine tools market size will be $67.48 billion in 2022, growing at a compound annual growth rate (CAGR) of 9.7% from 2023 until 2030. according to Coherent Market Insights, Inc. A new study conducted by . The computer numerical control (CNC) machine tool industry involves the production, design, and distribution of CNC machine tools. Increasing demand for complex parts in various industries is driving the growth of the Computer Numerical Control (CNC) machine tools market. Additionally, the rise in manufacturing automation is expected to drive the market growth again. The automotive, aerospace, electronics and consumer goods industries are increasingly adopting automation to improve the efficiency, productivity and quality control of their production processes.
Read the full market research report, Computerized CNC Machinery Market. Analysis by type (lathes, milling machines, laser machines, grinding machines, welding machines, winding machines and others) and geography, size, share, prospects and opportunities, 2023.” 2030,” published by Coherent Market Insights.
The growing popularity of cloud CNC is expected to have a positive impact on the market growth. Cloud connectivity allows data exchange, remote monitoring and remote control of CNC machines, increasing flexibility and collaboration between companies. In April 2020, Zyfra launched an Internet of Things (IoT) innovation in the form of a cloud-based version of its MDCplus machine monitoring system, which allows remote monitoring of computer numerical control (CNC) machines installed by the company’s industry clients in India. .
Technological advancements are expected to fuel the growth of the Computer Numerical Control (CNC) machine tools market.
Key players are adopting various business growth strategies to expand their product portfolio and develop innovative CNC machines. For example, in December 2021, Simplex Industrial Solutions and Software, which specializes in the production of computer numerical control (CNC) machines, opened a new 5,000 square meter CNC machine manufacturing plant in the Ramadan 10 industrial zone.
Integration of 3D printing technology in CNC machines is expected to provide lucrative market growth opportunities.
Combining CNC technology with additive manufacturing (3D printing) allows manufacturers to create hybrid machines that combine the best of both technologies. This simplifies the production of highly complex and customized parts and increases efficiency.
Z-wave product market, by application type (smart appliances, lighting and control, climate control, safety and security, energy management), by end user segment (residential, commercial), by distribution channel (online merchants, offline retailers , direct sales). Sales), by price range (high-end, mid-range, budget), by compatibility and ecosystem (Z-Wave, Z-Wave Plus certification), by device type (controller/gateway, endpoint), by region (North America), Latin Americas, EMEA and Asia-Pacific) – analysis of size, share, prospects and opportunities from 2023 to 2030.
Precision Electricity Meters Market by Measurement Type (Voltmeter, Ammeter, Power Meter, Frequency Meter, Energy Meter, Thermometer and Others), End Use (Industrial Electrical & Electronics, Automotive, Aerospace & Defense, Energy & Utilities, Manufacturing, Healthcare, R&D, other), by technology (analog meters, digital meters, smart meters), by application (R&D, quality control and testing, process monitoring, energy management, distribution and network monitoring, industrial automation, other) and by geographic location (Northern America). (Europe, Asia-Pacific, Latin America, Middle East and Africa) – analysis of size, share, prospects and opportunities, 2023-2030.
High-voltage equipment market by type of equipment (switches, disconnectors, insulators, switchgears, lightning rods, battery packs, capacitors and filters, control equipment, switches, etc.), by voltage level (high voltage up to 200 kV, ultra-high voltage). -high voltage) voltage from -200 to 800 kV, DC voltage – 500 kV, ultra-high voltage voltage – 800 kV and above. ), by region (North America, Latin America, EMEA and Asia-Pacific) – analysis of size, share, prospects and opportunities, 2023-2030.
Coherent Market Insights is a global market and advisory organization dedicated to helping a wide range of clients achieve transformational growth by helping them make critical business decisions. Our company is headquartered in India, with sales offices in the global financial capital of the USA and sales consultants in the UK and Japan. Our client base includes players from various industries in more than 57 countries. We create value for our clients through highly reliable and accurate reporting. We are also committed to playing a leading role in providing insights across industries post-COVID-19 and continuing to deliver measurable and sustainable results for our clients.
Post time: Nov-25-2023