Global Industrial Counters Market

Industrial Counters Market Size, Share, Growth Analysis, By Type of Counters(Electronic Counters, Mechanical Counters, Preset Counters, Totalizing Counters), By Application(Manufacturing, Automotive, Aerospace, Electronics), By Region - Industry Forecast 2024-2031

Report ID: SQMIG20D2091 | Region: Global | Published Date: April, 2024
Pages: 202 | Tables: 66 | Figures: 77

Industrial Counters Market News

  • In January 2024, private Indian companies are strategically forming collaborations with defense sector Public Sector Undertakings (PSUs), bolstering Hyderabad's potential to emerge as a significant weapons manufacturing hub in India. The Adani Group, in particular, has identified Hyderabad as a key location for manufacturing missiles and unmanned vehicles, with plans to invest an additional ₹1,500 crore over the next two to three years. 
  • In February 2024, Reliance Industries Limited (RIL), Viacom18, and Disney announced a landmark joint venture to merge their digital streaming and television businesses in India, effective February 28. As part of the deal, RIL is set to inject ₹11,500 crore into the venture, securing a 16.34% stake. The joint venture is valued at approximately ₹70,352 crore. The remaining ownership in the venture will be divided between Viacom18, which will hold 46.82%, and Disney, with a stake of 36.84%. Through this collaboration, RIL will gain exclusive rights to distribute Disney films and productions in India, along with access to a vast library of over 30,000 Disney content assets. 
  • In May 2023, Cherwell, renowned for its expertise in cleanroom microbiology solutions catering to the pharmaceutical, healthcare, and related sectors, unveiled plans to introduce a new portable Biofluorescent Particle Counter (BFPC) to the UK and Ireland. This announcement was made at the Cleanroom Technology Conference 2023.
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Industrial Counters Market size was valued at USD 288.16 billion in 2022 and is expected to grow from USD 306.03 billion in 2023 to reach USD 495.17 billion by 2031, at a CAGR of 6.2% during the forecast period (2024-2031).

Collaborations and partnerships between industrial counter manufacturers and other stakeholders such as system integrators, technology providers, and end-users are becoming increasingly common. These partnerships help in creating integrated solutions that offer enhanced functionalities and value-added services, thereby boosting competitiveness in the market. 'Siemens AG (Germany)', 'Schneider Electric SE (France)', 'Omron Corporation (Japan)', 'Rockwell Automation, Inc. (United States)', 'Honeywell International Inc. (United States)', 'Pepperl+Fuchs AG (Germany)', 'Eaton Corporation PLC (Ireland)', 'Danaher Corporation (United States)', 'Mitsubishi Electric Corporation (Japan)', 'ABB Ltd. (Switzerland)', 'Emerson Electric Co. (United States)', 'Endress+Hauser Group Services AG (Switzerland)', 'Baumer Group (Switzerland)', 'B&R Industrial Automation GmbH (Austria)', 'Littelfuse, Inc. (United States)', 'Yamatake Corporation (Japan)', 'P+F USA Inc. (United States)', 'Pilz GmbH & Co. KG (Germany)', 'Red Lion Controls, Inc. (United States)', 'Gefran S.p.A. (Italy)', 'Crouzet Automatismes SAS (France)', 'Euchner GmbH (Germany)'

Industrial counters play a crucial role in providing accurate and reliable data for process control, quality assurance, and compliance with regulatory requirements, which is driving their adoption in various industries to ensure efficient and compliant operations.

Wireless and IoT-enabled industrial counters are gaining popularity due to their ability to provide real-time data, remote monitoring, and connectivity with other systems. This enables seamless integration with industrial automation systems and facilitates data-driven decision making.

By 2021, the industrial counters market in Asia-Pacific was expected to grow at a CAGR of 7%. The Asia-Pacific region is one of the fastest expanding in the worldwide industrial counters market. The growing adoption of automation technologies in the manufacturing, packaging, and logistics industries is what is driving the Asia-Pacific market for industrial counters. 

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Global Industrial Counters Market

Report ID: SQMIG20D2091

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