HVDC Transmission Market Insights By Size, Share, Future Growth And Forecast From 2021-2025

Kenneth Research has recently added a report on HVDC Transmission Market which is studied for the forecast period 2021 2025. The growth of the market can be attributed to the growing accessibility to internet amongst the households globally and the need for advanced technologies that promote effective communication between two distant geographies. In the United States, internet access to households grew from around 73% of the households in 2015 to close to 80% of the households in 2019. In Korea, it was around 98% in 2014 which grew to nearly 100% in 2020. On the other hand, in the Netherlands, internet access to households touched nearly 98% in 2019. Countries in the Latin America, such as Brazil and Mexico grew at a significant pace by about 1.45x and 1.63x respectively within a span of 4 years between 2015 and 2019. Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023.

The global CNC Controller Market was valued at USD 2.45 billion in 2016 and is projected to reach USD 3.41 billion by 2025, growing at a CAGR of 3.74% from 2017 to 2025.

CNC is the automation of machine tools by means of computers executing pre-programmed sequences of machine control commands. This is in contrast to machines that are manually controlled by hand wheels or levers, or mechanically automated by cams alone.

The Final Report will cover the impact analysis of COVID-19 on this industry:

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Market Dynamics:
1. Market Drivers
1.1 Increasing Adoption of Industrial Automation in Manufacturing Sector
1.2 Ability to Reduce Operating Cost and Enhance Production Efficiency
1.3 Growing consumer preference for Mass Production

2. Market Restraints
2.1 High Investment Cost

Market Segmentation:
1. Global CNC Controller Market, by Machine Type:
1.1 CNC Machining Center
1.2 CNC Turning Center

2. Global CNC Controller Market, by Hardware:
2.1 CNC Machines
2.1.1 Working of CNC Machines
2.1.2 Advantages of CNC Machines High Accuracy Cost Saving Increased Speed Increased Safety
2.2 CNC Products
2.2.1 Input Devices
2.2.2 Machine Control Unit Or Controller
2.2.3 Driving System
2.2.4 Feedback Devices

3. Global CNC Controller Market, by Industry:
3.1 Aerospace and Defense
3.2 Automotive
3.3 Medical Devices
3.4 Semiconductor and Electronics
3.5 Metal Manufacturing

4. Global CNC Controller Market, by Axis Type:
4.1 2-Axis CNC Machine
4.2 3-Axis CNC Machine
4.3 4-Axis CNC Machine
4.4 5-Axis CNC Machine
4.5 Multiaxis CNC Machine

5. Global CNC Controller Market, by Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. Fanuc Corporation
2. Siemens AG
3. Mitsubishi Electric Corporation
4. DMG Mori Co., Ltd.
5. Hurco Companies, Inc.
6. Okuma Corporation
7. Wuhan Huazhong Numerical Control Co. Ltd.
8. Bosch Rexroth AG
9. Fagor Automation
10. Haas Automation, Inc.
11. Yamazaki Mazak Corporation

These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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Research study on the CNC Controller Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.

The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

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