Posts

Showing posts from June, 2019

Magnetic Refrigeration Market worth 163.7 Million USD by 2023 with a growing CAGR of 108.0%

According to the new research report  " Magnetic Refrigeration Market  by Product (Refrigeration Systems, Air Conditioning Systems and Heat Pumps), Application (Domestic, Commercial, Transportation and Industrial), and Geography - Global Forecast to 2023" , the magnetic refrigeration market is expected to be valued at USD 163.7 Million by 2023, growing at a CAGR of 108.0% between 2018 and 2023. The growth of this market is mainly driven by factors such as increasing focus on green technology, low maintenance cost, and high energy efficiency. Domestic application expected to witness the highest CAGR between 2018 and 2023 in the magnetic refrigeration market The market for the domestic application is expected to grow at the highest CAGR between 2018 and 2023. The domestic application includes household appliances for personal use, such as refrigerators. Companies such as Camfridge Ltd. (UK) and Astronautics Corporation of America (US) are planning to launch products for d

RFID Market worth 31.42 Billion USD by 2023 with a growing CAGR of 7.7%

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

Load Monitoring System Market worth $3.3 billion by 2024 with a growing CAGR of 4.0%

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

MulteFire Market worth $2,119 million by 2025 with a growing CAGR of 36.0%

The report " MulteFire Market by Device (Small Cells, Switches, Controllers), Application (Industrial Manufacturing, Commercial, Transportation, Public Venues, Healthcare, Oil & Gas and Mining, Power Generation, Hospitality), and Geography - Global forecast 2025" , The MulteFire market is projected to grow from USD 455 million in 2020 to USD 2,119 million by 2025, at a CAGR of 36.0%. Escalating demand for high-performance and easy-to-deploy wireless connectivity networks, increasing need for more scalable and better network connectivity for industrial IoT (IIoT) applications, growing requirement for cost-saving and high-capacity networks are the key factors propelling the growth of the MulteFire market. Small cells to dominate MulteFire market in 2020 Small cells expected to account for the largest share of the overall MulteFire market, by devices, by 2020. Moreover, the market for small cells is expected to grow at the highest CAGR during the forecast period.

Vertical Farming Market worth $5.8 billion by 2022 with a growing CAGR of 24.8%

According to the new market research report " Vertical Farming Market by Growth Mechanism (Hydroponics, Aeroponics, and Aquaponics), Structure (Building Based and Shipping Container), Offering (Hardware, Software, and Service), Crop Type, and Geography - Global Forecast to 2022" , the vertical farming market is estimated to be valued at USD 5.8 billion by 2022, growing at a CAGR of 24.8% between 2016 and 2022. The factors driving the growth of the vertical farming market include high quality food with no use of pesticides, less dependency on the weather for production, growing urban population, increase in the year around production of the crops, and reduced impact on the environment. Browse 80 market data tables and 76 figures spread through 173 pages and in-depth TOC on “Vertical Farming Market - Global Forecast to 2022” https://www.marketsandmarkets.com/Market-Reports/vertical-farming-market-221795343.html Hydroponics growth mechanism is expected to dominate th

Transparent Display Market worth $2,591 million by 2023 with a growing CAGR of 44.7%

Transparent display is one of the rapidly growing technologies with an ability to display graphics and texts on a transparent screen that is used in various products. Transparent display is a technology to pass the ambient light from real objects behind a display panel such as a liquid crystal display (LCD) or an organic light emitting diode (OLED) display. The transparent display market was valued at USD 280 million in 2017 and is expected to reach USD 2,591 million by 2023, at a CAGR of 44.7% from 2018 to 2023. The growth of the transparent display market is driven by growing demand for LCD-based transparent displays for various verticals, and increasing use of transparent displays for HMD and HUD products. High growth for OLED-based transparent display devices and high adoption of transparent displays for digital signage products are expected to provide huge growth opportunities to players in the transparent display market. Download PDF Brochure @ https://www.marketsan

Fire Protection System Market worth $88.94 billion by 2024 with a growing CAGR of 7.6%

According to the new market research report " Fire Protection System Market by Product (Fire Detection (Flame, Smoke (Photoelectric, Ionization, Dual), Heat), Fire Suppression, Fire Sprinkler (Dry, Wet, Pre-Action, Deluge), Fire Analysis, Fire Response), Service, Vertical - Global Forecast to 2024" , the fire protection system market is expected to grow from USD 57.33 billion in 2018 to USD 88.94 billion by 2024, at a CAGR of 7.6% from 2018 to 2024. Rise in deaths and loss of property due to fire breakouts, stringent government regulations and mandates, rising demand for wireless technologies for fire detection, and technological advancements in the construction industry are driving the growth of the fire protection system market. Fire suppression systems held largest size of fire protection system market in 2017 Fire suppression systems held the largest market size in 2017. Fire suppression system starts operating once it receives fire alerts from different sensor

Millimeter Wave Technology Market worth 2,302.6 Million USD by 2023 with a growing CAGR of 35.2%

According to the new market research report " Millimeter Wave Technology Market by Product (Scanner Systems, Telecommunication Equipment), Frequency Band, License Type, Application (Mobile and Telecom, Military, Defense, and Aerospace, Automotive), and Geography - Global Forecast to 2023" , this market is expected to be worth USD 2,302.6 Million by 2023, at a CAGR of 35.2% between 2017 and 2023. The major factors driving the growth of the millimeter wave  technology industry include the surge in mobile data traffic with bandwidth-intensive  applications, use in the small-cell  backhaul network, demand for innovative application of radar and security  products, and potential use in consumer electronics. Telecommunication equipment expected to hold the largest market size by 2023 Millimeter wave technology-based telecommunication equipment held the largest market share in 2016. This is attributed to the surge in the number of mobile subscribers, resulting in the

Industrial Lighting Market worth 13.17 Billion USD by 2023 with a growing CAGR of 7.82%

The report " Industrial Lighting Market by Light Source (LED, HID, Fluorescent), Offering (Lamps & Luminaires, Control Systems, Services), Installation Type (New, Replacement, Retrofit), Product, Application, and Geography - Global Forecast to 2023" , The industrial lighting market is expected to be worth USD 13.17 Billion by 2023, growing at a CAGR of 7.82% between 2017 and 2023. The growth of this market is driven by the factors such as increasing modernization and infrastructural development, growing penetration of LEDs across diversified industrial applications due to reducing price, durability of LED lights for industrial usage, and low energy consumption by LEDs. Lamps and luminaires expected to lead the overall industrial lighting market The lamps and luminaires segment is expected to hold the largest share of the overall industrial lighting market during the forecast period. The highest share of the lamps and luminaires segment is attributed to the

Test and Measurement Equipment Market worth $32.3 billion by 2024 with a growing CAGR of 3.90%

The report " Test and Measurement Equipment Market by Product (General Purpose Test Equipment, Mechanical Test Equipment), Service Type (Calibration Services, Repair Services/After Sales Services), End–Use Sector, and Geography – Global Forecast to 2024" The overall test and measurement equipment market is expected to grow from USD 25.7 billion in 2018 to USD 32.3 billion by 2024, at a CAGR of 3.90% during the forecast period. The market is growing due to the increasing demand for this equipment in end-use sectors, such as automotive & transportation, aerospace & defense, IT & telecommunications, education & government, semiconductor & electronics, industrial, and healthcare. The test and measurement equipment market is expected to grow at the highest CAGR in the healthcare sector during the forecast period. There is significant potential for growth of the test and measurement equipment market in this sector due to the development of new healthcare equ

Tunable Filter Market worth 203.1 Million USD by 2023 with a growing CAGR of 8.86%

According to the new market research report, the “ Tunable Filter Market by Type (Liquid Crystal, Acousto-Optic, Linear-Variable), System Type (Software-Defined Radios, Handheld Radios, Radar Systems, Spectrometers, Communication Systems), Application, and Geography - Global Forecast to 2023” is estimated to grow from USD 122.0 Million in 2017 to USD 203.1 Million by 2023, at a CAGR of 8.86% between 2017 and 2023. The implementation of liquid crystal tunable filters for highly demanding machine vision applications is driving the growth of the tunable filter market. The market for liquid crystal tunable filters is expected to grow at the highest rate between 2017 and 2023 The market for liquid crystal tunable filters (LCFTs) is expected to grow at the highest CAGR between 2017 and 2023. LCFTs are having a wide array of applications across different systems, which, in turn, is increasing the growth of the liquid crystal tunable filter market. Also, these filters provide bett

Satellite Modem Market worth 420.4 Million USD by 2023 with a growing CAGR of 6.0%

The report " Satellite Modem Market by Channel Type (SCPC & MCPC), Data Rate (High-Speed, Mid-Range, Entry-Level), Application (Mobile & Backhaul, IP Trunking, Offshore Communication), End User (Telecom, Marine, Oil & Gas), & Geography - Global Forecast to 2023" , The satellite modem market is expected to grow from USD 296.4 Million in 2017 to USD 420.4 Million by 2023, at a CAGR of 6.0% between 2017 and 2023. The major factors driving the growth of the satellite modem market include continuous innovation by satellite modem manufacturers to ensure the growth of the market, rising need for enriched high-speed data communication, and growing demand for satellite communication from various verticals. The Multiple Channel Per Carrier (MCPC) modem held the largest size of the satellite modem market in 2016 The larger market share of MCPC modems is attributed to their unparalleled channel efficiency, which is the core requirement of high-data-traffic i

GaN Power Device Market worth 1,890.2 Million USD by 2023 with a growing CAGR of 29.1%

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 devices is estimated to register the highest CAGR during the forecast period. This

Precision Farming Software Market worth 1,188.7 Million USD by 2022 with a growing CAGR of 14.03%

The precision farming software market is expected to be valued at USD 1,188.7 million by 2022, growing at a CAGR of 14.03% between 2016 and 2022. The major drivers for the growth of the precision farming software market include increasing need of real-time data management through cloud computing, government’s support to adopt modern agricultural techniques, strengthening of intellectual property rights over agricultural innovations, integration of mobile technology with farming techniques, and increasing use of agricultural software for maintaining farm efficiency. Emerging markets are expected to provide various growth opportunities to the overall precision farming software market. Various geographical regions such as Asia-Pacific (China, Japan, India, Australia, and South Korea) are expected to be among the most lucrative regions that could provide various opportunities for the growth of the precision farming software market. Countries such as India, China, the U.S., and Japan

Building Information Modeling (BIM) Market worth $7.64 billion by 2022 | Key players include Autodesk Inc., Nemetschek SE, Trimble Navigation Limited and Asite Ltd.

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 building information modeling market is expected to grow from USD 3.16 billion in 2016 to USD 7.64 billion by 2022, at a CAGR of 16.51% during the forecast period. Building information modeling (BIM) refers to the process that involves digital designing, documentation, and representation of building and infrastructure plans. BIM can be implemented with the help of various software and services available, which are adopted at different stages of a project life cycle, such as pre-construction, construction, and operation. The objectives of the report includes forecast of the BIM market size in terms of value for BIM software and services, Project life cycle (Pr

Home Automation System Market Insights | Key players : Legrand, Ingersoll-Rand PLC, Schneider Electric SE and ABB Ltd.

According to the new market research report " Home Automation System Market by Protocol and Technology (Network and Wireless), Product (Lighting, Security and Access Control, HVAC and Entertainment Control), Software and Algorithm (Behavioral and Proactive), and Geography - Global Forecast to 2022" , The Home automation market is expected to grow from USD 39.93 billion in 2016 to USD 79.57 billion by 2022, at a CAGR of 11.3% during the forecast period. Home automation refers to the automation and security of home and household activities. It may be used for isolated programmable devices, e.g., thermostats and sprinkler systems. But, home automation precisely describes homes in which lights, appliances, electrical outlets, heating and cooling systems, and others are connected to a remotely accessible network. Thus, Home automation systems enable power savings and also helps in enhancing the standards of living. Download PDF Brochure @ https://www.marketsandmarkets.

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 corde

Solar Simulator Market Projected to reach 8.44 Billion USD by 2022 | Key players include Newport Corporation, Meyer Burger technology AG, Spire Solar and Solar Light Company

According to the new market research report " Solar Simulator Market by Dimension (Class AAA, Class ABA, and Class ABB), Light Source (Xenon arc lamp, Metal halide arc lamp, UV lamp), Application (PV cell/module and materials testing, UV testing of materials & products) - Global Forecast to 2022" , the solar simulator market is expected to be valued at USD 8.44 billion by 2022, growing at a CAGR of 6.5% between 2017 and 2022. The growth of this market is mainly driven by factors such as the growing market for photovoltaics and the increasing demand from renewable energy industries. Class AAA solar simulator expected to lead the solar simulator market between 2017 and 2022 Class AAA is expected to hold the largest size of the solar simulator market by 2022 and is expected to grow at a higher rate during the forecast period. The reason for a high-market share for Class AAA solar simulators is that they provide the closest match to solar spectrums and maintain il