According to a new market research report "Gas Insulated Transformer Market by Type (Instrument Transformer, Others), Voltage (Medium Voltage, High Voltage, Extra High Voltage), Installation (Outdoor, Indoor), End-User (Utility, Industrial, Commercial), and Region - Global Forecast to 2023", published by MarketsandMarkets™, the market is expected to grow from USD 2.75 Billion in 2018 to USD 3.45 Billion by 2023, at a CAGR of 4.61% between 2018 and 2023. The market is set to witness growth due to factors such as no risk of oil leakage and space constraints in densely populated urban areas. Also, government initiatives toward improving electrification rate and rising transmission & distribution investments are further expected to drive the Gas Insulated Transformer Market.
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The latest report published by Reports & Insights highlighted the development and the growth of the global Automated Material Handling Equipment Market, which further includes the detailed information about the market potential and profound knowledge of the trends prevailing in the market. The global XYZ market is projected to rise steadily over the anticipated future as per the report estimates. The research study named "Automated Material Handling Equipment Market: Opportunity Analysis and Future Assessment 2022-2030", is aimed to provide a quantitative and qualitative outline of the conceptual structure and analytical approach of the market elaborated using attested research methodologies and proficient expertise.
The automated material handling equipment market is estimated to reach at a value of US$ 22.8 Bn by the end of 2022 and expected to reach at a value of US$ 45.9 Bn by 2030 with a significant CAGR of 9.1%.
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Automated Material Handling Equipment Introduction
Material handling usually can be referred to as a short distance locomotion between a premise and an automobile, and essentially within the peripheries of premises. It employs a wide range of manual, semi-automated, or automated equipment.
The material handling systems and equipment are basically involuntary machinery and systems which are used to store, move, regulate, and safeguard products, materials, and goods throughout the process of circulation, manufacturing, consumption and discharge. This creates utility with the help of handling, storage, and regulation of materials.
The primary purpose of these equipment is production of quality products, labor safety and productivity, and reduction in operating costs, labor costs, and processing time for manufacturing.
Automated Material Handling Equipment Market Dynamics
In the present day and age, the major factor that is boosting the growth of t
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Taking the advantage of the raw materials and labor cost, China has become the world largest manufacturer and exporter of toys.In 2012, the export of China's toys slowed slightly, the export amount reaching 11.45 billion USD, up 5.8% compared with 2011.
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