Smart Factory Market May Set a New Epic Growth Story | FANUC, Stratasys, Atos
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Smart Factory Market May Set a New Epic Growth Story | FANUC, Stratasys, Atos
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The global smart thermostat market was valued at $1.86 billion in 2019, and is projected to reach $11.36 billion by 2027, registering a CAGR of 28.00% from 2020 to 2027. Smart thermostat is the latest technology used for home heating. The device provides the user remote access for heat switching via internet. So, the user can use smartphones to turn on or turn off the heating from far distances.
Rapid adoption of smart infrastructure in residential and commercial infrastructure, adoption of IoT and AI based technologies, and increased use of smart technology in medical monitoring influences the market growth. However, high cost of products in developing countries hamper early adoption. Further, increase in advancements and adoption of automated systems in residential, commercial, and industrial sectors are expected to provide lucrative opportunities for the smart thermostat industry during the forecast perio
tanmayFebruary 20, 2021
GLOBAL Smart Factory INSIGHTS, FORECAST TO 2026
Global Smart Factory Market research report provides an excellent vision to analyze Global as well as regional industry. This research report delivers a detailed analysis by using various methods like SWOT Analysis, PEST Analysis, and Porters 5 Forces Model to bestow strategies for industrial growth that will help to determine factors like major industry vendors, key regions, demand & supply, applications, innovations, revenue cost, and challenges, trends, restraints, and drivers. These Factors will help to determine Global Business Scope for Smart Factory Market.
Market Dynamics like CAGR, Competition by Revenue, Price Trend, Market Share, Market Size, Inventory Turnover etc. are provided through qualitative and quantitative analysis, which renders a cavernous understanding of the market to the readers, business owners, and industry experts.