the global warehouse robotics market size stood at $2.79 billion, and during the forecast period of 20192-25, the global market size is expected to grow with a compound annual growth rate (CAGR) of 10.46%.
The market for explosion proof equipment was valued at $5.8 billion in the year 2017 and is estimated to reach by $7.9 billion by 2023 at an estimated CAGR of 5.3%.
Increasing industrial focus towards automation and expanding process industries are the main drivers which are catalyzing the growth of control valves market.
Industrial robotics market size stood at $7,800-8,500 million in 2018 and the market demand will grow with a healthy CAGR of 3%-5% during the forecast period of 2019-2025.
The global machine vision system and components market generated a revenue of $7882.5 million and expected to rise with a CAGR of 8.64% during 2018-2023.
A machine vision camera can easily inspect minute object details which are too small to be seen by human eye if it is built around the right resolution and optics.
Robots used in nuclear industry have to function in limited work space, must conform to facility, and have to work with high payloads.