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Showing posts from April, 2019

Instrumentation Valves and Fittings Market Insights | Key players: Swagelok, Parker Hannifin, HY-LOK Corporation and Fujikin Corporation

According to the new market research report " Instrumentation Valves and Fittings Market by Material, Product (Valves, Fittings, Pneumatic Actuators), Industry (Semiconductor, Oil & Gas, Food & Beverages, Chemicals, Healthcare, Pulp & Paper, Energy & Power), and Geography - Global Forecast to 2023" the instrumentation valves and fittings market is expected to grow from USD 2.95 Billion in 2017 to USD 3.54 Billion by 2023, at a CAGR of 3.1% during the forecast period. Factors driving the growth of this market are growth in fracking and utilizing 1–6-inch brass or copper valves in the oil & gas industry; and growth in the electronics and semiconductor industry and a large number of coal-based power projects in the Asian region. Instrumentation valves manufactured from new-age alloys will find increased demand during forecast period The instrumentation valve industry will witness limited product development and innovation in the coming years. Pro

Smart Irrigation Market Projected to reach $1,755.1 million by 2023 | Key players include Toro Company, Netafim, Hunter Industries, Rain Bird Corporation and HydroPoint

The report " Smart Irrigation Market by System Type (Weather-Based, Sensor-Based), Application (Smart Greenhouse, Open Field, Residential, Golf Courses, Turf & Landscape), Component (Controllers, Sensors, Water Flow Meters), and Geography - Global Forecast to 2023" , The smart irrigation market is estimated to be worth USD 825.0 million in 2018 and is projected to reach USD 1,755.1 million by 2023, at a CAGR of 16.30% during the forecast period. The rapid growth of the smart irrigation market can be attributed to various factors, such as the increasing adoption of smart irrigation devices, and sensing and monitoring devices by farmers. It is also expected that the cost of smart irrigation technology will decrease in the next couple of years, mainly because of the declining prices of major hardware components. As a result, the smart irrigation market is expected to witness high growth during the forecast period. Download PDF Brochure @ https://www.marketsandmarket

Silicon Photonics Market Insights | Key Players: Acacia, Luxtera, Intel, Cisco, Mellanox, Finisar and STMicroelectronics

According to the market research report on " Silicon Photonics Market by Product (Transceiver, Switch, Variable Optical Attenuator, Cable, Sensor), Application (Data Center, Telecommunications, Military & Defense, Medical and Life Sciences, Sensing), Component, and Geography - Global Forecast to 2023" , the silicon photonics market, the overall market is estimated to be worth USD 774.1 Million in 2018 and is expected to reach USD 1,988.2 Million by 2023, at a CAGR of 20.8% between 2018 and 2023. Rising demand for silicon photonics in data centers, reduction in power consumption with use of silicon photonics based transceivers, and the growing requirement of high bandwidth and high data transfer capabilities are the key factors driving the silicon photonics market. Transceivers to hold major share of silicon photonics market during forecast period Transceivers are used in a variety of applications, such as data center and high-performance computing; telecommuni

Substation Monitoring System Market Expected to reach 5.21 Billion USD by 2023 | Key players include ABB, Honeywell, Siemens, Schneider Electric and General Electric

According to the new market research report " Substation Monitoring System Market by Component (Hardware & Software), Communication Technology (Wired & Wireless), Sector (Transmission & Distribution), Industry (Utility, Oil & Gas, Mining, Steel, and Transportation) and Geography - Global Forecast to 2023" , the substation monitoring system market is expected to grow from USD 3.32 Billion in 2017 to USD 5.21 Billion by 2023, at a CAGR of 7.8% between 2017 and 2023. The factors driving the growth of this market are growing demand for reduction in transmission and distribution losses, aging infrastructure, increasing investments (contracts) from the government, improving IoT-based communication network, and developing IEC 61850 standard to enable interoperability between IEDs. “Substation monitoring system market for software component is expected to grow at the highest CAGR during the forecast period” The substation monitoring system market for softw

Safety Valves Market Projected to reach $5.5 billion by 2024 | Key players include Emerson, Alfa Laval, Cameron Schlumberger, LESER and IMI PLC

The safety valve market is expected to be valued at USD 4.5 billion in 2019 and is likely to reach USD 5.5 billion by 2024, at a CAGR of 4.30% during the forecast period. Importance of safety valves in industrial processes, increased need from oil & gas, growth in nuclear energy generation are among the key driving factors for the safety valve market. Constant need for safety valve replacement, use of 3D printers in manufacturing lines are among the other factors fueling the growth of the safety valve market. However, the high cost of fabrication can hinder the growth of the safety valve market.      The market for stainless steel material safety valve is expected to witness significant growth during the forecast period. Rising demand for high-quality safety valve to mitigate the threat of contamination in critical processes, such as water and steam handling, in the food & beverages and chemicals industries will drive the market for steel safety valve during the forecas

Building Information Modeling (BIM) Market Insights | Key players: Autodesk Inc., Nemetschek SE, Bentley System, Inc. and Trimble Navigation Limited

According to the new market research report " Building Information Modeling (BIM) Market by Type (Software, Services), Project life cycle (Pre-construction, Construction, Operation), Application (Buildings, Civil Infrastructure, Oil & Gas, Industrial, Utilities), Geography - Global Forecast to 2022" , the market is expected to grow from USD 3.56 Billion in 2017 to USD 7.64 Billion in 2022, at a CAGR of 16.51% during the forecast period.                   The optimized project performance and increased productivity; enhanced communication and coordination throughout the asset life cycle management process in the construction industry due to adoption of BIM; and government mandates for the usage of BIM in several developed countries are the key driving factors for the building information modeling market. Software are expected to lead the global BIM market between 2017 and 2022 The software segment held a major share of the BIM market in 2016. The high deman

Electric Vehicle Charging Stations Market Insights | Key players: ChargePoint, ABB, Tesla, Engie and AeroVironment

According to the new market research report " Electric Vehicle Charging Stations Market by Charging Station (AC Charging Station, DC Charging Station), Installation Type (Residential, Commercial), and Region (North America, Europe, Asia Pacific, and Row) - Global Forecast to 2023" , the electric vehicle charging stations market is expected to grow from USD 5.30 Billion in 2018 to reach USD 30.41 Billion by 2023, at a CAGR of 41.8% between 2018 and 2023. Key factors such as government funding, subsidies, and incentives, growing demand for electric vehicles, growing concern toward environmental pollution, and heavy investment from automakers of EVs are driving the electric vehicle charging stations market. DC charging station to hold the largest share of the electric vehicle charging stations market between 2018 and 2023 The ability of DC charging stations to charge an EV in lesser time compared to AC charging stations is the primary driving factor for the high grow

Safety Valves Market worth $5.5 billion by 2024

According to the new market research report " Safety Valves Market by Size (Up to 1 inch, 1–6 inch, 6 – 25 inch, 25 – 50-inch, 50 inch, and Above), Material (Stainless Steel, Cast Iron, Alloy, Cryogenic), Industry (Oil & Gas, Energy & Power, Water & Wastewater), and Region - Global Forecast to 2024" , the safety valve market is expected to be worth USD 4.5 billion in 2019 and reach USD 5.5 billion by 2024, at a CAGR of 4.30% from 2019 to 2024. The growth of this market can be attributed to the high demand for safety valve from various industries such as oil & gas, energy & power, and water & wastewater, especially from APAC and North America. Oil & gas industry to hold the largest share of the safety valve market in 2019 By industry, the oil & gas leads the safety valve market. Recent uptrend in the oil & gas industry, the latest discovery of shale gas in North America, and increasing demand for cleaner fuels are the major facto

Eye Tracking Market Insights | Key players : Tobii AB, SensoMotoric Instruments GmbH, SR Research Ltd., Seeing Machines and EyeTracking, Inc.

The report " Eye Tracking Market by Offering, Tracking Type, Application (Assistive Communication, Human Behavior & Market Research, AR/VR, Vehicles), Vertical (Retail, Healthcare, Government, Automotive, Consumer Electronics), and Geography - Global Forecast to 2023" , The eye tracking market, in terms of value, is expected to be valued at USD 1,376.5 Million by 2023, growing at a CAGR of 27.4% between 2017 and 2023. In terms of hardware volume, the market is expected to register a shipment of 756 thousand eye trackers by 2023. The eye-tracking technology is used to track the movement of the eyes to gather information such as the focus and attention span of the humans. This data is analyzed to gain insights into the human behavior, which may be used in retail and automotive sectors. Eye tracking can also be used to interact with computers and through them provide services to patients with communication disabilities in the healthcare sector. There is an increased

Farm Management Software Market Expected to reach 1,937.9 Million USD by 2023 | Key players include Deere & Company, Trimble, AgJunction and Raven Industries

According to the new market research report " Farm Management Software Market by Agriculture Type (Precision Farming, Livestock Monitoring, Fish Farming, Smart Greenhouse Farming), Delivery Model (Web Based, Cloud Based), Service Provider, Application, and Geography - Global Forecast to 2023" , The farm management software market was valued at USD 748.0 Million in 2016 and is expected to reach USD 1,937.9 Million by 2023, at a CAGR of 14.12% between 2016 and 2023. The increasing implementation of cloud computing in real-time farm data management, growing population and demand for food worldwide, governments’ support to adopt modern agricultural techniques, strengthening of intellectual property rights over agricultural innovations, and increasing focus on monitoring livestock performance and health to increase farm efficiency are some of the significant drivers for the growth of this market. Precision farming agriculture type to hold a major share of the farm manageme

Smart Irrigation Market- What Factors will drive the Market in Upcoming Years?

The rapid growth of the smart irrigation market can be attributed to various factors, such as the increasing adoption of smart irrigation devices, and sensing and monitoring devices by farmers. It is also expected that the cost of smart irrigation technology will decrease in the next couple of years, mainly because of the declining prices of major hardware components. As a result, the smart irrigation market is expected to witness high growth during the forecast period. The report profiles key players such as The Toro Company (US), Netafim (Israel), Hunter Industries (US), Rain Bird Corporation (US), HydroPoint (US), Rachio (US), Banyan Water (US), Rain Machine (US), ET Water (US), Galcon (Israel), Weathermatic (US), Blossom (US), Skydrop (US), Delta-T Devices (UK), Calsense (US), AquaSpy (US), Soil Scout (Finland), Caipos (Austria), Acclima (US), and Rain Machine (US). Controllers to hold largest market share during forecast period Controllers are expected to hold th

Electric Heat Tracing Market Expected to reach 3.26 Billion USD by 2023 | Key players include Pentair, Thermon, BARTEC, Chromalox and Emerson

According to the market research report " Electric Heat Tracing Market by Type (Self-Regulating, Constant Wattage, Mineral-Insulated, Skin Effect), Application, Vertical (Oil & Gas, Commercial, Power & Energy, Residential, Food & Beverages) and Geography - Global Forecast to 2023" , the overall market is expected to be worth USD 2.39 Billion in 2017 and is expected to reach USD 3.26 Billion by 2023, at a CAGR of 5.3% between 2017 and 2023. The increasing adoption of electric heat tracing systems over conventional steam tracing systems and low maintenance cost of electric heat tracing systems compared to steam tracing are the major drivers for the electric heat tracing market growth.   “Self-regulating cables expected to hold a major share of the electric heat tracing market between 2017 and 2023" Self-regulating cables led the electric heat tracing market in 2016. Self-regulating cables are offered by most industrial heat tracing manufacturers. Se

Load Monitoring System Market Projected to reach $3.3 billion by 2024 | Key players include Flintec, Mettler Toldo, Precia Molen and Spectris

According to the new market research report " Load Monitoring System Market by Offering (Load Cell, Indicator & Controller, Data Logging Software), Technology (Analog, Digital), Industry (Automotive, Healthcare, Marine, Construction), and Geography - Global Forecast to 2024" , the load monitoring system market is estimated to be worth USD 2.6 billion in 2018 and is expected to reach USD 3.3 billion by 2024, at a CAGR of 4.0% during the forecast period. The major factors fueling the growth of the load monitoring system market include rise in demand for load monitoring system in healthcare, increase in use of load monitoring system for testing and monitoring aircraft parts, decline in instrumental errors owing to technological innovations in load cells, and increase in demand for remote load monitoring. “Load cell to lead load monitoring system market by 2024” Load cell is the most widely used offering of load monitoring system market. The recovery of the industr

RFID Market Projected to reach 31.42 Billion USD by 2023 | Key players include Impinj, NXP Semiconductors, Alien Technology and Avery Dennison

According to the new market research report " RFID Market by Product (Tags, Reader, and Software), Wafer Size, Working (Passive, and Active), Frequency( Low, High, Ultra-high), Applications, Form Factor (Button, Card, Electronic Housing, Implants), Label Type, and Region - Global Forecast to 2023" ,the radio-frequency identification (RFID) market is expected to be valued at USD 31.42 Billion by 2023, growing at a CAGR of 7.7% between 2017 and 2023. The factors that are driving the growth of this market are the increasing penetration of RFID in various industries; and evolution of IoT.           “RFID market for tags expected to grow at the highest rate during the forecast period” The market for RFID tags is expected to grow at the highest CAGR between 2017 and 2023. Reduction in the costs have led to rise in adoption of RFID tags; demand for the tags will continue to raise competitive situations in the market, which in turn will lead to further innovations in the

Wireless POS Terminal Market Projected to reach 13.00 Billion USD by 2023 | Key players include Ingenico, Verifone, First Data and NCR Corporation

The report " Wireless POS Terminal Market by Component (Hardware, Software & Services), Type (Portable Countertop & PIN Pad, mPOS, Smart POS), Industry (Retail, Hospitality, Healthcare, Transportation, Sports & Entertainment), and Geography - Global Forecast to 2023" , The wireless POS terminal market was worth USD 6.73 Billion in 2017 and is expected to be valued at USD 13.00 Billion by 2023, at a CAGR of 11.59% between 2017 and 2023. The factors such as wide adoption of wireless payment terminal by retailers; growing use of EuroPay, MasterCard, and Visa (EMV) cards; increasing e-commerce transactions; increase in cashless transactions in different countries; and growing adoption of wireless technology in mobile handsets and wearables drive the growth of the wireless POS terminal market. Wireless POS terminal market for mPOS expected to grow at highest CAGR during forecast period Mobile POS (mPOS) implementations allow the service and sales industries

GaN Power Device Market Projected to reach 1,890.2 Million USD by 2023 | Key players include Cree, Qorvo, MACOM, Analog Devices and Microsemi Corporation

According to the new market research report on the " GaN Power Device Market by Device Type (Power, RF Power), Voltage Range, Application (Power Drives, Supply & Inverter, and RF), Vertical (Telecommunications, Consumer, Automotive, Military, Defense, Aerospace), and Geography - Global Forecast to 2023" , this market is expected to be worth USD 1,890.2 Million by 2023 from USD 408.3 Million in 2017, at a CAGR of 29.1% between 2017 and 2023. The major factors driving the growth of the GaN power device industry include huge revenue generation from the consumer electronics and automotive verticals, wide bandgap property of GaN material encouraging innovation, success of GaN in RF-power electronics, and increasing adoption of GaN RF power device in military, defense, and aerospace verticals.                                                                     Power device to grow at the highest rate during the forecast period GaN power device market for power devi

Micro-Location Technology Market worth $34.1 billion by 2024

According to the new market research report " Micro-Location Technology Market by Application (Asset Management, Proximity Marketing), Technology (BLE, UWB, Wi-Fi, RFID), Offering, Vertical (Retail and Hospitality, Healthcare, Industrial, Transportation, Sports), & Geography - Global Forecast to 2024" , The micro-location technology market is projected to grow from USD 14.1 billion in 2019 to USD 34.1 billion by 2024 at a CAGR of 19.4%. Factors such as increasing importance of asset management across different industries; rise in the use of location-based mobile advertisement; high return on investment; growing adoption of mobile devices; and inefficiency of GPS in indoor premises are driving the market toward high growth. “Asset management to register higher CAGR in micro-location technology market during forecast period” The micro-location technology market for asset management application is expected to grow at a higher CAGR during the forecast period. The

Hydronic Control Market Projected to reach $37.70 billion by 2023 | Key players include Siemens, Danfoss, Johnson Controls, Honeywell and IMI plc

According to the new market research report " Hydronic Control Market by Equipment (Actuators, Valves, Flow Controllers, Control Panels, and Others), Installation Type (New, Retrofit), Sector (Residential, Commercial, Industrial), and Region - Global Forecast to 2023" , The hydronic control market is estimated to grow from USD 32.40 billion in 2018 to USD 37.70 billion by 2023, at a CAGR of 3.1% from 2018 to 2023. Factors such as the need for efficient use of energy in buildings, the emergence of the construction market, and the trend of automation in commercial, industrial, and residential sectors in developing countries are driving the growth of the hydronic control market at present. Actuators held largest size of hydronic control market in 2017 Actuators held the largest size, in terms of value, of the hydronic control market in 2017. Actuator acts as an interface between the mechanical system and the hydronic control system. This device receives signals from

Smart Agriculture Market Projected to reach $13.50 billion by 2023 | Key players include Deere & Company, AGCO, AgJunction, Raven Industries and DeLaval

According to the new market research report " Smart Agriculture Market by Agriculture Type (Precision Farming, Livestock Monitoring, Fish Farming, Smart Greenhouse), Hardware (GPS, Drones, Sensors, RFID, LED Grow Lights), Software, Services; Application, and Geography - Global Forecast to 2023" , The smart agriculture market is estimated to be worth USD 7.53 billion in 2018 and is projected to reach USD 13.50 billion by 2023, at a CAGR of 12.39% during the forecast period. Factors such as increasing adoption of technologies in agriculture, rising need of monitoring livestock performance and health, government’s support to adopt modern agricultural techniques, and increasing demand for food worldwide are driving the growth of the smart agriculture market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=239736790 Hardware components to hold a major share of the smart agriculture market during 2018–2023 Hardware component is ex

DC Torque Tool Market Projected to reach 3.38 Billion USD by 2023 | Key players include Snap-on Incorporated, Makita Corporation and Panasonic Corporation

According to the new market research report " DC Torque Tool Market by Type (Handheld and Fixtured Tools), Power Source (Corded and Cordless), Control System (Transducer and Current), Industry (Automotive, Aerospace, and Energy), and Geography - Global Forecast to 2023" , the DC torque tool market is expected to grow from USD 2.81 Billion in 2017 to USD 3.38 Billion by 2023, at a CAGR of 3.16% between 2017 and 2023. DC torque tool also known as electric fastening systems. Factors that are driving the growth of the market include the increasing sales of commercial and passenger vehicles, the use of Industry 4.0 accelerates the adoption of DC torque tool, and the requirement of specific torque as well as flexible and efficient fastening tools.   “Handheld tools expected to hold the largest share of the overall DC torque tool market during the forecast period" Handheld fastening tools have many applications across several industries and are available in both cor