According to a new report by MarketsandMarkets, the global smart factory market is forecast to reach USD 104.42 billion by 2025 and USD 169.73 billion by 2030, at a CAGR of 10.2%.

As tidal power costs fall, it is expected to be cost-competitive with nuclear power by 2035.

Epiroc is building a new production and research and development facility in Nashik.

North America is expected to remain the largest regional market for refinery and petrochemical filtration throughout the forecast period.

The market is driven by growing demand for smarter, more flexible, and energy-efficient industrial operations. Asia Pacific is expected to grow the fastest in the global DCS Market