Report Description Table of Contents Industry Report and Statistics (Facts & Figures) - Sales Volume, ASP & Demand by Product & Application The global power tools market will witness a robust CAGR of 5.13%, valued at $35.63 Billion in 2021, expected to appreciate and reach $55.89 Billion by 2030, confirms Strategic Market Research. Market Drivers The power tools are widely used in various applications and functionalities such as assembly and production lines, repair and maintenance, DIY, and many other packaging jobs. These power tools provide better handling and efficiency in terms of various operations and also help minimize the time, there by meeting the various requirements of the labour. Moreover, it helps a lot in terms of both gaining profitability and productivity. These are some of the key factors that are propelling the market forward across several industries in the upcoming future. With the surge in demand for power tools in the automotive and manufacturing industries, the market for power tools is expected to grow exponentially. Moreover, the power tools find their immense uses in automotive production and assembly lines, thereby assisting the jobs with faster results. It also helps a lot in minimizing the overall time duration that it takes to complete the task within the stipulated time frame. Furthermore, the increasing use of sanders, wrenches, drills and other tools in the construction sector is enhancing the demand for these power tools. The power tools are highly utilized in terms of vehicle manufacturing as well as in the repair and maintenance of the service providers in the entire automotive industry. Additionally, with the rise in technological advancements, the increasing adoption of cordless tools providing external power sources with easy mobility, and the rise of funds by the worldwide governments towards power tools market research are fuelling the overall market growth significantly. The growing usage of tools and accessories like a drill bit, cordless drill, Dewalt drill, scroll saw, electric screwdriver, electric pressure washer, woodworking tools, Makita impact driver, palm sander, and DeWalt cordless tools, along with the growth and advancement of the power tool accessories market and cordless power tools industry, are all driving the overall growth of the industry significantly throughout the forecasted period. Market Restraint Parameters, such as maintenance and high costs of the moving parts fluctuations in the costs of the raw materials needed to build the power materials are hampering the overall growth of the market. Market Opportunity The rise in IoT Technologies and the enhancement of the smart connected systems in the operations of the assembly lines led to the innovation of various smart and connected tools. Hence the leading tool manufacturers are fully concentrating on producing smart and connected power tools, which is likely to create an ample number of growth opportunities in the future. For example, Milwaukee Tool Corporation (Brand of Techtronic Industries) released the ONE-KEY, the digital platform for equipment and tools. This cloud-based platform will enable an individual to customize the speed and torque for various applications at hand. Market Analysis of Different Segments Covered in the Report Product Drills Saws Wrenches Grinders Sanders Others By Mode of Operation Electric Corded Cordless Pneumatic Others By Application Industrial Residential By Region North America United States Canada Mexico Europe Germany France Italy Switzerland United Kingdom Rest of Europe Asia-Pacific Japan China India Rest of Asia-Pacific LAMEA Brazil Israel South Africa Saudi Arabia Rest of LAMEA Based on product, the ‘Drills’ market segment held the largest share of the market in 2020. It had an overall industry share of 30.2% and is predicted to continue its existence throughout the anticipated time period. The Drills are a bit easier to use and cheaper than other power tools. These are mostly used in household and industrial applications. The product segment is bifurcated into drills, saws, wrenches, grinders, sanders, and others. Also, the wrenches segment is expected to prosper at a healthy CAGR from 2020 to 2030. Wrenches are immensely utilized in the production plants to improve the efficiency and productivity of the work. Based on ‘Mode of Operation,’ the ‘electric market segment holds the highest share of the power tools market in 2020 and is assumed to hold a steady CAGR during the prevised period. Moreover, the ‘electric’ market segment in ‘mode of operations’ contributed to more than 60.0% share of the global market revenue in 2020. Electric power tools are immensely utilized in various industries such as aerospace, automotive, energy, shipbuilding, and construction. Based on application, the ‘industrial’ market segment held more than 60.0% of the global market revenue share in 2020. The various industrial applications there include using the tools in various industries like logistics, aerospace, construction, and automotive. Increased technological innovation & adoption of advanced technologies among these industries are the pivotal factors for the domination of industrial applications over the residential segment. Furthermore, among other industry segments, the residential market segment is anticipated to hold the highest CAGR throughout the forecasted period. On a regional basis, the APAC is expected to hold a dominant share of the market revenue and is anticipated to possess a steady CAGR throughout the forecasted period. The Asia Pacific held a power tools market share of about 33.2% in 2020. Furthermore, parameters like the growing manufacturing industry, increasing automotive sales, and the rising urbanization in this region are the key factors that propel the enhancement of the market in the APAC region. Furthermore, the continuous increase in government initiatives for augmenting the various infrastructural development and manufacturing facilities in countries like India, China, and Japan are fuelling the overall growth of the market in this region. Considering the above statistics, the global industry will grow rapidly during the forecasted period. Global Power Tools Market Competitive Analysis Hilti Corporation Makita Corporation Stanley Black & Decker Emerson Electric, Co Ingersoll-Rand PLC Robert Bosch Techtronic Industries Koki Holdings Co., Ltd. Power Tools Market Report Coverage Report Attribute Details Forecast Period 2021-2030 The market size value in 2021 $35.63 Billion The revenue forecast in 2030 $55.89 Billion Growth rate 5.13% The base year for estimation 2021 Historical data 2017 - 2020 Unit USD Billion, CAGR (2021 - 2030) Segmentation Product, By Mode of Operation, By Application, By Region By Product Drills, Saws, Wrenches, Grinders, Sanders, Others By Mode of Operation Electric(Corded,Cordless),Pneumatic, Others By Application Industrial, Residential By Region U.S, Mexico, Canada, and the Rest of North America Country Scope U.S., Canada, France, Germany, U.K., China, Japan, India, South Korea, Mexico, Brazil, U.A.E., etc. Company Usability Profiles Hilti Corporation, Makita Corporation, Stanley Black & Decker, Emerson Electric, Co, Ingersoll-Rand PLC, Robert Bosch, Techtronic Industries, Koki Holdings Co., Ltd. Recent Developments On August 2022, a group of scientists from MIT, Massachusetts, developed a highly efficient power tool known as Self-Propelled Transporters for boosting the energy output of wind farms. The total energy-output of such wind-farm installations can be improvised by adequately modeling the process of wind flow for the turbines & optimizing the methods of control of the individual parts associated with it. In October 2021, Stanley Black & Decker, Inc. partnered with Eastman to promote sustainability in the power tools industry. A Stanley Black & Decker brand, BLACK+DECKER, is on the verge of releasing a new product line, called revival, which would be offering the brand's 1stsustainability-led power tools that thoroughly utilize the Eastman's Tritan Renew copolyester. In September 2021, Robert Bosch Power Tools GmbH declared the extension of its comprehensive product line of woodcutting and woodworking solutions with the launch of its 18V and 12V cordless sanders, the GEX12V-5 Brushless 5 In. The newly released cordless sanders are specially designed for convenience and optimal balance. In August 2021, Robert Bosch Power Tools GmbH declared the brand-new entries to its line of random orbit sanders along with GEX33-6N 6 In., GEX33-5N, 5 In., and GEX34-6N 6 In. These new sanders are specially built for professionals. Frequently Asked Question About This Report Which is the leading product for the Market? Drills are the leading product for the Market. What is the forecasted year of the Market? The forecasted year of the Market is from 2020-2030. How big is the power tools market? The global Power Tools Market size was $35.63 Billion in 2021 and is predicted to reach $55.89 Billion by 2030 with a CAGR of 5.13%. Which is the leading application for the Market? Industrial is the leading application for the Market. What is the power tools market growth? The global power tools market is expected to grow at a compound annual growth rate (CAGR) of 5.13% from 2021 to 2030 to reach $55.89 Billionn by 2030. What are the key players operating in the Market? The leading players that operate in the market are Hilti Corporation, Makita Corporation, Stanley Black & Decker, Emerson Electric, Co, Ingersoll-Rand PLC, Robert Bosch, Techtronic Industries, and Koki Holdings Co., Ltd. . 1. Introduction 1.1. Study Objective 1.2. Market Definition 1.3. Study Scope 1.3.1. Markets Covered 1.3.2. Geographic Scope 1.3.3. Years Considered 1.3.4. Stakeholders 2. Research Methodology 2.1. Data Procurement 2.2. Paid Database 2.2.1. Secondary Data 2.2.1.1. Key Secondary sources 2.2.2. Primary Data 2.2.2.1 Primary sources 2.2.2.2. Key industry insights 2.2.2.3. Primary interviews with experts 2.2.2.4. Key primary respondent list 2.3. Market Size Estimation 2.4. Bottom-Up and Top-Down Approaches 2.4.1. Bottom-Up Approach 2.4.1.1. Approach for arriving at market size by bottom-up analysis 2.4.2. Top-Down Approach 2.4.2.1. Approach for Capturing Market Size by Top-Down Analysis 2.5. Market Breakdown and Data Triangulation 2.6. Research Methodology 2.7. Risk Assessment 3. Executive Summary 3.1 Market: Post-Covid-19 3.1.1 Actual Scenario 3.1.2 Pessimistic Scenario 3.1.3 Optimistic Scenario 3.1.4 Market Summary 4. Industry Outlook 4.1 Market Snapshot 4.2 Global Power Tools Market 4.2.1 Global Market, 2020 – 2028 (USD Million) 4.3 Regional Business Analysis 4.3.1 Global Market, by region, 2021-2030 (USD Million) 4.4 By Product Type Analysis 4.4.1 Global Market, By Product Type, 2021-2030 (USD Million) 4.5 By Mode of Operation Business Analysis 4.5.1 Global Market, By Mode of Operation, 2021-2030 (USD Million) 4.6 Application Business Analysis 4.6.1 Global Market, By Application, 2021-2030 (USD Million) 4.7 Value Chain Analysis 4.8 Market Variable Analysis 4.8.1 Market Drivers Analysis 4.8.2 Market Restraints Analysis 4.9 Business Environment Analysis Tool 4.9.1 Market PEST analysis 4.9.2 Market Porter’s analysis 4.10 Penetration & Growth Prospect Mapping 5. Market Dynamics 5.1. Introduction 5.2. Market Dynamics 5.2.1. Drivers 5.2.2. Restraints 5.2.3. Opportunities 5.2.4. Challenges 5.3. Impact of Covid-19 On Market 5.4. Value Chain Analysis 5.5. Ecosystem 5.6. Patent Analysis 5.7. Trade Analysis 5.8. Tariff Analysis 5.9. Case Study Analysis 5.10. Porter’s Five Forces Analysis 5.10.1 Threat of New Entrants 5.10.2 Threat of Substitutes 5.10.3 Bargaining Power of Buyers 5.10.4 Bargaining Power of Suppliers 5.10.5 Degree of Competition 5.11. Application Analysis 5.11.1. Trends in Application (2014-2020) 5.11.2. Trends in Application (2021-2028) 5.12. Pricing Analysis 5.12.1. Average Price Trend Analysis (By region, By Countries) 6. Competitive & Vendor Landscape 6.1. Company Market Share Analysis 6.2. Manufacturers Power Tools Manufacturing Sites, Area Served, Product Product Type 6.3. Market Competitive Situation and Trends 6.4. Manufacturers Mergers & Acquisitions, Expansion Plans 7. Global Market: By Product Type Segment Analysis 7.1. Introduction 7.2. Sales Volume & Revenue Analysis (2021-2030) 7.3. Drills 7.3.1. Drills market, 2021-2030 (USD Million) 7.4. Saws 7.4.1. Saws market, 2021-2030 (USD Million) 7.5. Wrenches 7.5.1. Wrenches market, 2021-2030 (USD Million) 7.6. Grinders 7.6.1. Grinders market, 2021-2030 (USD Million) 7.7. Sanders 7.7.1. Sanders market, 2021-2030 (USD Million) 7.8. Others 7.8.1. Others market, 2021-2030 (USD Million) 8. Global Market: By Mode of Operation Segment Analysis 8.1. Introduction 8.2. Sales Volume & Revenue Analysis (2021-2030) 8.3. Electric 8.3.1. Electric market, 2021-2030 (USD Million) 8.3.1.1 Corded market, 2021-2030 (USD Million) 8.3.1.2 Cordless market, 2021-2030 (USD Million) 8.4. Pneumatic 8.4.1. Pneumatic market, 2021-2030 (USD Million) 8.5. Others 8.5.1. Others market, 2021-2030 (USD Million) 9. Global Market: By Application Segment Analysis 9.1. Introduction 9.2. Sales Volume & Revenue Analysis (2021-2030) 9.3. Industrial 9.3.1. Industrial market, 2021-2030 (USD Million) 9.4. Residential 9.4.1. Residential market, 2021-2030 (USD Million) 10. Global Market: Regional Outlook 10.1 North America 10.1.1. North America Market, by By Product Type, 2021-2030 (USD Million) 10.1.2. North America Market, by By Mode of Operation, 2021-2030 (USD Million) 10.1.3. North America Market, by Application, 2021-2030 (USD Million) 10.1.4. North America Market, by Country, 2021-2030 (USD Million) 10.1.4.1. U.S. 10.1.4.1.1. U.S. Market, by By Product Type, 2021-2030 (USD Million) 10.1.4.1.2. U.S. Market, by By Mode of Operation, 2021-2030 (USD Million) 10.1.4.1.3. U.S. Market, by Application, 2021-2030 (USD Million) 10.1.4.2. Canada 10.1.4.2.1. Canada Market, by By Product Type, 2021-2030 (USD Million) 10.1.4.2.2. Canada Market, by By Mode of Operation, 2021-2030 (USD Million) 10.1.4.2.3. Canada Market, by Application, 2021-2030 (USD Million) 10.2. Europe 10.2.1. Europe Market, by By Product Type, 2021-2030 (USD Million) 10.2.2. Europe Market, by By Mode of Operation, 2021-2030 (USD Million) 10.2.3. Europe Market, by Application, 2021-2030 (USD Million) 10.2.4. Europe Market, by country, 2021-2030 (USD Million) 10.2.4.1 U.K. 10.2.4.1.1. U.K. Market, by By Product Type, 2021-2030 (USD Million) 10.2.4.1.2. U.K. Market, by By Mode of Operation, 2021-2030 (USD Million) 10.2.4.1.3. U.K. Market, by Application, 2021-2030 (USD Million) 10.2.4.2. Germany 10.2.4.2.1. Germany Market, by By Product Type, 2021-2030 (USD Million) 10.2.4.2.2. Germany Market, by By Mode of Operation, 2021-2030 (USD Million) 10.2.4.2.3. Germany Market, by Application, 2021-2030 (USD Million) 10.2.4.3. France 10.2.4.3.1. France Market, by By Product Type, 2021-2030 (USD Million) 10.2.4.3.2. France Market, by By Mode of Operation, 2021-2030 (USD Million) 10.2.4.3.3. France Market, by Application, 2021-2030 (USD Million) 10.2.4.4. Rest of Europe 10.2.4.4.1. Rest of Europe Market, by By Product Type, 2021-2030 (USD Million) 10.2.4.4.2. Rest of Europe Market, by By Mode of Operation, 2021-2030 (USD Million) 10.2.4.4.3. Rest of Europe Market, by Application, 2021-2030 (USD Million) 10.3. Asia Pacific 10.3.1. Asia Pacific Market, by By Product Type, 2021-2030 (USD Million) 10.3.2. Asia Pacific Market, by By Mode of Operation, 2021-2030 (USD Million) 10.3.3. Asia Pacific Market, by Application, 2021-2030 (USD Million) 10.3.4. Asia Pacific Market, by country, 2021-2030 (USD Million) 10.3.4.1. China 10.3.4.1.1. China Market, by By Product Type, 2021-2030 (USD Million) 10.3.4.1.2. China Market, by By Mode of Operation, 2021-2030 (USD Million) 10.3.4.1.3. China Market, by Application, 2021-2030 (USD Million) 10.3.4.2. India 10.3.4.2.1. India Market, by By Product Type, 2021-2030 (USD Million) 10.3.4.2.2. India Market, by By Mode of Operation, 2021-2030 (USD Million) 10.3.4.2.3. India Market, by Application, 2021-2030 (USD Million) 10.3.4.3. Japan 10.3.4.3.1. Japan Market, by By Product Type, 2021-2030 (USD Million) 10.3.4.3.2. Japan Market, by By Mode of Operation, 2021-2030 (USD Million) 10.3.4.3.3. Japan Market, by Application, 2021-2030 (USD Million) 10.3.4.4. South Korea 10.3.4.4.1. South Korea Market, by By Product Type, 2021-2030 (USD Million) 10.3.4.4.2. South Korea Market, by By Mode of Operation, 2021-2030 (USD Million) 10.3.4.4.3. South Korea Market, by Application, 2021-2030 (USD Million) 10.3.4.5. Rest of ASIA PACIFIC 10.3.4.5.1. Rest of ASIA PACIFIC Market, by By Product Type, 2021-2030 (USD Million) 10.3.4.5.2. Rest of ASIA PACIFIC Market, by By Mode of Operation, 2021-2030 (USD Million) 10.3.4.5.3. Rest of ASIA PACIFIC Market, by Application, 2021-2030 (USD Million) 10.4. Latin America 10.4.1. Latin America Market, by By Product Type, 2021-2030 (USD Million) 10.4.2. Latin America Market, by By Mode of Operation, 2021-2030 (USD Million) 10.4.3. Latin America Market, by Application, 2021-2030 (USD Million) 10.4.4. Latin America Market, by country, 2021-2030 (USD Million) 10.4.4.1. Brazil 10.4.4.1.1. Brazil Market, by By Product Type, 2021-2030 (USD Million) 10.4.4.1.2. Brazil Market, by By Mode of Operation, 2021-2030 (USD Million) 10.4.4.1.3. Brazil Market, by Application, 2021-2030 (USD Million) 10.4.4.2. Mexico 10.4.4.2.1. Mexico Market, by By Product Type, 2021-2030 (USD Million) 10.4.4.2.2. Mexico Market, by By Mode of Operation, 2021-2030 (USD Million) 10.4.4.2.3. Mexico Market, by Application, 2021-2030 (USD Million) 10.4.4.3. Rest of the Latin America 10.4.4.3.1. Rest of the Latin America Market, by By Product Type, 2021-2030 (USD Million) 10.4.4.3.2. Rest of the Latin America Market, by By Mode of Operation, 2021-2030 (USD Million) 10.4.4.3.3. Rest of the Latin America Market, by Application, 2021-2030 (USD Million) 10.5. MEA 10.5.1. MEA Market, by By Product Type, 2021-2030 (USD Million) 10.5.2. MEA Market, by By Mode of Operation, 2021-2030 (USD Million) 10.5.3. MEA Market, by Application, 2021-2030 (USD Million) 10.5.4. MEA Market, by Region, 2021-2030 (USD Million) 11. Competitive Landscape 11.1 Hilti Corporation 11.1.1. Company overview 11.1.2. Financial performance 11.1.3. Product Portfolio Analysis 11.1.4. Business Strategy & Recent Development 11.2. Makita Corporation 11.2.1. Company overview 11.2.2. Financial performance 11.2.3. Product Portfolio Analysis 11.2.4. Business Strategy & Recent Development 11.3. Stanley Black & Decker 11.3.1. Company overview 11.3.2. Financial performance 11.3.3. Product Portfolio Analysis 11.3.4. Business Strategy & Recent Development 11.4. Emerson Electric, Co 11.4.1. Company overview 11.4.2. Financial performance 11.4.3. Product Portfolio Analysis 11.4.4. Business Strategy & Recent Development 11.5. Ingersoll-Rand PLC 11.5.1. Company overview 11.5.2. Financial performance 11.5.3. Product Portfolio Analysis 11.5.4. Business Strategy & Recent Development 11.6. Robert Bosch 11.6.1. Company overview 11.6.2. Financial performance 11.6.3. Product Portfolio Analysis 11.6.4. Business Strategy & Recent Development 11.7. Techtronic Industries 11.7.1. Company overview 11.7.2. Financial performance 11.7.3. Product Portfolio Analysis 11.7.4. Business Strategy & Recent Development 11.8. Koki Holdings Co., Ltd. 11.8.1. Company overview 11.8.2. Financial performance 11.8.3. Product Portfolio Analysis 11.8.4. Business Strategy & Recent Development List of Tables (49 Tables) TABLE 1. Market, By Product Type, 2021-2030 (USD Million) TABLE 2. Market FOR Drills, BY REGION, 2021-2030 (USD Million) TABLE 3. Market FOR Saws, BY REGION, 2021-2030 (USD Million) TABLE 4. Market FOR Wrenches, BY REGION, 2021-2030 (USD Million) TABLE 5. Market FOR Grinders, BY REGION, 2021-2030 (USD Million) TABLE 6. Market FOR Sanders, BY REGION, 2021-2030 (USD Million) TABLE 7. Market FOR Others, BY REGION, 2021-2030 (USD Million) TABLE 8. Market, By Mode of Operation, 2021-2030 (USD Million) TABLE 9. Market FOR Electric, BY REGION, 2021-2030 (USD Million) TABLE 10. Market FOR Corded, BY REGION, 2021-2030 (USD Million) TABLE 11. Market FOR Cordless, BY REGION, 2021-2030 (USD Million) TABLE 12. Market FOR Pneumatic, BY REGION, 2021-2030 (USD Million) TABLE 13. Market FOR Others, BY REGION, 2021-2030 (USD Million) TABLE 14. Market, BY APPLICATION, 2021-2030 (USD Million) TABLE 15. Market FOR Industrial, BY REGION, 2021-2030 (USD Million) TABLE 16. Market FOR Residential, BY REGION, 2021-2030 (USD Million) TABLE 17. Market, BY REGION, 2021-2030 (USD Million) TABLE 18. NORTH AMERICA Market, BY COUNTRY, 2021-2030 (USD Million) TABLE 19. NORTH AMERICA Market, By Product Type, 2021-2030 (USD Million) TABLE 20. NORTH AMERICA Market, By Mode of Operation, 2021-2030 (USD Million) TABLE 21. NORTH AMERICA Market, BY APPLICATION, 2021-2030 (USD Million) TABLE 22. EUROPE Market, BY COUNTRY, 2021-2030 (USD Million) TABLE 23. EUROPE Market, By Product Type, 2021-2030 (USD Million) TABLE 24. EUROPE Market, By Mode of Operation, 2021-2030 (USD Million) TABLE 25. EUROPE Market, BY APPLICATION, 2021-2030 (USD Million) TABLE 26. ASIA-PACIFIC Market, BY COUNTRY, 2021-2030 (USD Million) TABLE 27. ASIA-PACIFIC Market, By Product Type, 2021-2030 (USD Million) TABLE 28. ASIA-PACIFIC Market, By Mode of Operation, 2021-2030 (USD Million) TABLE 29. ASIA-PACIFIC Market, BY APPLICATION, 2021-2030 (USD Million) TABLE 30. LAMEA Market, BY COUNTRY, 2021-2030 (USD Million) TABLE 31. LAMEA Market, By Product Type, 2021-2030 (USD Million) TABLE 32. LAMEA Market, By Mode of Operation, 2021-2030 (USD Million) TABLE 33. LAMEA Market, BY APPLICATION, 2021-2030 (USD Million) TABLE 34. Hilti Corporation: COMPANY SNAPSHOT TABLE 35. Hilti Corporation: OPERATING SEGMENTS TABLE 36. Makita Corporation: COMPANY SNAPSHOT TABLE 37. Makita Corporation: OPERATING SEGMENTS TABLE 38. Stanley Black & Decker: COMPANY SNAPSHOT TABLE 39. Stanley Black & Decker: OPERATING SEGMENTS TABLE 40. Emerson Electric, Co: COMPANY SNAPSHOT TABLE 41. Emerson Electric, Co: OPERATING SEGMENTS TABLE 42. Ingersoll-Rand PLC: COMPANY SNAPSHOT TABLE 43. Ingersoll-Rand PLC: OPERATING SEGMENTS TABLE 44. Robert Bosch: COMPANY SNAPSHOT TABLE 45. Robert Bosch: OPERATING SEGMENTS TABLE 46. Techtronic Industries: COMPANY SNAPSHOT TABLE 47. Techtronic Industries: OPERATING SEGMENTS TABLE 48. Koki Holdings Co., Ltd: COMPANY SNAPSHOT TABLE 49. Koki Holdings Co., Ltd: OPERATING SEGMENTS List of Figures (22 Figures) Figure 1 Market: Research Methodology Steps Figure 2 Research Design Figure 3 Breakdown of Primaries: Market Figure 4 Research Methodology: Hypothesis Building Figure 5 Market: Product-Based Estimation Figure 6 Top 8 Companies with Highest No. Of Patent in Last 9 Years Figure 7 No. Of Patents Granted Per Year, 2019–2020 Figure 8 Import Data for Power Tools, By Country, 2016–2020 (USD Thousand) Figure 9 Export Data for Power Tools, By Country, 2016–2020 (USD Thousand) Figure 10 Data Triangulation Methodology Figure 11 Market, By Mode of Operation, 2019 vs. 2025 (USD Million) Figure 12 Market Share, By Application, 2019 vs. 2025 (USD Million) Figure 13 Market Share, By Product Type, 2019 vs. 2025 (USD Million) Figure 14 Geographical Snapshot of the Market Figure 15 Drills to Witness Higher CAGR in Market for Product Type Segment during Forecast Period. Figure 16 Industrial to Witness Higher CAGR in Market for Application Segment during Forecast Period. Figure 17 Electric to Witness Higher CAGR in Market for Mode of Operation Segment during Forecast Period. Figure 18 APAC Accounted for the Largest Share of the Market, By Regional Basis, in 2019 Figure 19 Market: Drivers, Restraints, Opportunities, and Challenges Figure 20 North America: Market Snapshot Figure 21 Asia Pacific: Market Snapshot Figure 22 Vendor Dive: Evaluation Overview