Sag Corrector Market Analysis

End-User Industry (Retail, Healthcare, Manufacturing)

The manufacturing segment in the sag corrector market is expected to hold a 30% revenue share during the forecasted period. The fact that the manufacturing sector is increasingly reliant on energy from electricity to power equipment deployed at its production facilities, as well as increased concern about air quality problems which have a serious impact on industrial productivity, has contributed to growth in this segment. According to MECS 2018, the combined energy use by six energy-intensive manufacturing subsectors—chemicals, petroleum, and coal products, paper, primary metals, food, and non-metallic minerals products—equalled 16.9 quadrillions Btu, or 87% of total manufacturing energy consumption.

Application (Data Center, Robotics & Machinery, Pharmaceuticals & Medicals)

Sag corrector market from the robotics & machinery segment is anticipated to grow at a significant rate during the projected year and has a 40% market share. The robotic system is connected via a power line to the electric grid, which allows them to be exposed to general electrical disturbances such as voltage drops. 88% of businesses want to spend money integrating industrial robotics into their operations. Around 3 million industrial robots are in operation worldwide. Every year, some 400,000 new robots are introduced to the market.

Our in-depth analysis of the global market includes the following segments: