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Showing posts from July, 2019

Postal Automation System Market worth 1,022.2 Million USD by 2023 with a growing CAGR of 6.30%

According to the new market research report " Postal Automation System Market by Component (Hardware, Software, and Services), Technology (Culler Facer Canceller, Letter Sorter, Flat Sorter, Parcel Sorter), Application (Government, and Courier, Express & Parcel), and Region - Global Forecast to 2023", the postal automation system market is expected to grow from USD 753.3 Million in 2018 to USD 1,022.2 Million by 2023, at a CAGR of 6.30% between 2018 and 2023. The factors driving the growth of the market include growth in the e-commerce industry, increasing need for automated sorting and delivery processes in the postal industry, and rising labor costs. Hardware held the largest size of the postal automation system market in 2017 Hardware held the largest market size, in terms of value, in 2017. Hardware systems are used to sort letters, flats, and parcels based on their barcode reading, shape, size, and volume, and then to divert these parcels to their respect

Fuel Management System Market worth 707.4 million USD by 2023 with a growing CAGR of 6.52%

According to the new market research report " Fuel Management System Market by Offering (Hardware, Software, and Services), Application (Fuel Storage Monitoring, and Access Control & Fuel Dispensing), Industry (Transportation & Logistics, and Oil & Gas), and Geography - Global Forecast to 2023", the fuel management system market is expected to grow from USD 515.9 million in 2018 to USD 707.4 million by 2023, at a CAGR of 6.52% between 2018 and 2023. The growth of this market can be attributed to the high demand for fuel management systems from the transportation and logistics industry for fuel storage monitoring, and access control and fuel dispensing applications. Access control and fuel dispensing applications to hold larger share of fuel management system market in 2018 By application, access control and fuel dispensing leads the fuel management system market. High demand for fuel management systems from the transportation and logistics, mining and

Next-Generation Memory Market | Industry Growth, Trends and Forecast Upto 2025

According to the new market research report, the " Next-Generation Memory Market by Technology (Volatile (HMC and HBM), and Nonvolatile (MRAM, FRAM, RERAM, 3D XPoint, NRAM)), Wafer Size (200 mm, 300 mm, and 450 mm), Application, and Geography – Global Forecast to 2025" , is expected to reach from 2.4 billion in 2017 to USD 11.6 billion by 2025, at a CAGR of 22.0% between 2017 and 2025. The major factor driving the NGM market across the world is the big data demand for increasing demand for enterprise storage applications. The need for high bandwidth, low power consumption, and highly scalable memory device for technologies such as artificial intelligence (AI), Internet of Things (IoT), and Big Data is also driving the NGM market. Market for nonvolatile memory held larger share of NGM market in 2016 The growth of the market for nonvolatile memory is attributed to the rising demand for faster, efficient, and cost-effective memory solutions. The emerging memory techn

Control Valve Market worth $10.6 billion by 2024 with a growing CAGR of 6.0%

According to the new market research report,  " Control Valve Market  by Valve Type (Ball, Butterfly, Gate, Globe, Check, Plug), Valve Size, Valve Components (Actuators, Valve Body, Others), Industry (Oil & Gas, Water & Wastewater Treatment, Energy & Power), and Geography - Global Forecast to 2024" , the control valve market is projected to grow from USD 7.5 billion in 2018 to USD 10.6 billion by 2024, at a CAGR of 6.0% from 2018 to 2024. The key factors driving the growth of this market include the increased need for connected networks to maintain/monitor various equipment in plants and the installation of new nuclear plants, along with the upgrade of existing nuclear plants. Oil & gas industry to lead the control valve market from 2018 to 2024 Oil & gas is expected to be the largest end-use industry of the control valve market during the forecast period. This is due to the increasing production of crude oil and rising demand for petroleum prod

GaN Power Device Market worth $1.9 million by 2023 with a growing CAGR of 29.1%

The report " GaN Power Device Market by Device Type (Power, RF Power), Voltage Range, Application (Power Drives, Supply & Inverter, RF), Vertical (Telecommunications, Consumer, Automotive, Military, Defense, Aerospace), and Geography - Global Forecast to 2023" , is projected to reach USD 1.9 million by 2023 at a CAGR of 29.1% from 2017 to 2023. The increasing adoption of GaN RF power devices in the military, defense, and aerospace verticals and the extensive bandgap property of GaN material are major factors fueling the growth of this market. Gallium nitride (GaN) is a viable alternative to pure silicon in the semiconductors and electronics field. Currently, it is used in several above-normal voltage power applications such as industrial systems, power distribution systems, heavy electrical systems, turbines, heavy machinery, and advanced industrial control systems, among others. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=

Emergency Spill Response Market worth 33.68 Billion USD by 2022 with a growing CAGR of 7.0%

The report " Emergency Spill Response Market by Type (Product (Booms, Skimmers, Transfer Products, Sorbents), Services (Product Rental, Waste Management, Manpower Training), Spill Material (Oil, Chemical & Hazardous), Vertical - Global Forecast to 2022" , The emergency spill response market is expected to be worth USD 33.68 Billion by 2022, growing at a CAGR of 7.0% between 2016 and 2022. The emergency spill response market is driven by the increasing international trade and transportation and initiatives taken by government agencies of various countries globally to protect the environment from the adverse effects of pollution by enacting various environmental protection and restoration policies and legislations. In the future, government initiatives to strengthen the response to oil spills on the sea would provide opportunities to the players operating in this market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=159610332

Building Management System Market worth 19.25 Billion USD by 2023 with a growing CAGR of 16.71%

According to the new market research report on the " Building Management System Market by Software (Facility, Security, Energy, Emergency, Infrastructure Management), Service (Professional, Managed), Application (Residential, Commercial, Industrial), and Geography - Global Forecast to 2023" , the building management system market is expected to be worth USD 19.25 Billion by 2023, growing at a CAGR of 16.71% between 2017 and 2023. Major factors driving the building management system market are the significant cost benefits to the industrial, commercial, and residential users, simplified building operations and maintenance, and increasing demand for energy-efficient and eco-friendly buildings. Facility management software to hold the largest share of the building management system market The facility management software held a major share of the BMS market based on software in 2016. The large market share is due to the need for cost saving from effective managem

Machine-to-Machine (M2M) Connections Market worth $30.74 billion by 2025 with a growing CAGR of 4.9%

According to the latest market research report titled “ Machine-to-Machine (M2M) Connections Market by Technology (Wired, Wireless), Industry (Healthcare, Utilities, Retail, Consumer Electronics, Automotive & Transportation, Security & Surveillance), and Geography - Global Forecast to 2025 ”, the overall M2M connections market is expected to be worth USD 30.74 billion by 2025, growing at a CAGR of 4.9% from 2017 to 2025. The growing adoption of wired and wireless connectivity across various end-user industries is the key factor propelling the growth of the M2M connections market. Following this, the growing penetration of the Internet connectivity, favorable regulatory mandates, and growing adoption of new connectivity technologies such as 4G/LTE further drive the growth of the M2M connections market. Wireless technology is expected to hold the largest market share from 2017 to 2025 The M2M connections market for wireless connectivity technology is expected to hold

Electric Vehicle Charging Stations Market worth 30.41 Billion USD by 2023 with a growing CAGR of 41.8%

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 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 i

Control Valve Market worth $10.62 billion by 2024 with a growing CAGR of 6.02%

According to the new market research report " Control Valve Market by Valve Type (Ball, Butterfly, Gate, Globe, Check, Plug), Valve Size, Valve Components (Actuators, Valve Body, Others), Industry (Oil & Gas, Water & Wastewater Treatment, Energy & Power), and Geography - Global Forecast to 2024" ,the control valve market is expected to grow from USD 7.48 billion in 2018 to USD 10.62 billion by 2024, at a CAGR of 6.02% from 2018 to 2024. The key factors driving the growth of this market include the increased need for connected networks to maintain/monitor various equipment in plants and the installation of new nuclear plants, along with the upscaling of existing nuclear plants during the forecast period. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=111759647 Oil & gas industry to account for largest size of control valve market from 2018 to 2024 The oil & gas industry is expected to be the key end-use indus

Purpose-built Backup Appliance (PBBA) Market worth $8.6 billion by 2024

According to the new market research report " Purpose-built Backup Appliance (PBBA) Market by Component (Hardware, Software), System (Mainframe, Open), Enterprise (Large, Small and Mid-level), Vertical (Telecom & IT, BFSI, Manufacturing, Retail, Healthcare), and Geography - Global Forecast to 2024" , t he purpose-built backup appliance market is likely to reach USD 8.6 billion by 2024 from USD 5.2 billion in 2019, at a CAGR of 10.6%. The growth of this market can be attributed to the increasing focus of companies on data protection and the recovery of data, stringent regulations for data protection and data security such as GDPR policy, and the rising market for IoT. “Hardware component to have higher market share than software component of the purpose-built backup appliance market” PBBA hardware is replaced or repaired when get damaged or needs replacement. The expansion of businesses results in the implementation of PBBA with increased capacity. For this p

Milking Robots Market worth 2.48 Billion USD by 2023 with a growing CAGR of 11.06%

The report " Milking Robots Market by Offering (Hardware, Software, Service), System Type (Single-Stall Unit, Multi-Stall Unit, Automated Milking Rotary), Herd Size (Below 100, Between 100 and 1,000 and Above 1,000), Geography - Global Forecast to 2023" , The milking robots market is expected to grow from USD 1.20 Billion in 2016 to USD 2.48 Billion by 2023, at a CAGR of 11.06% between 2017 and 2023. The rapid growth of the market can be attributed to various factors, such as growing number of dairy farms across the globe, reduced labor cost of dairy farm operations because of low dependence on manual labor, and increased milk yield due to more frequent milking with the help of automatic milking systems. Single-stall unit projected to lead milking robots market by 2023 Among various milking robot systems, the single-stall unit segment is projected to lead the market during the forecast period. The increasing preference of dairy farm owners for automated milkin

Microgrid Market worth 39.10 billion USD by 2023 with a growing CAGR of 11.97%

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According to the new research report " Microgrid Market by Type (Grid Connected, and Remote/Island), Offering (Hardware, Software, and Services), Consumption Pattern (Urban & Metropolitan, Semi-urban, and Rural/Island), Vertical, and Region - Global Forecast to 2023" , The microgrid market is expected to grow from USD 22.22 billion in 2018 to USD 39.10 billion by 2023, at a CAGR of 11.97% between 2018 and 2023. The growth of the microgrid market can be attributed to the government initiatives to reduce carbon footprint, increasing demand for reliable and secure power supply worldwide, and the advantages of cheap and clean energy storage. Microgrid market for remote/island to grow at higher CAGR between 2018 and 2023 Microgrids are mainly of 2 types: grid connected and remote/island. Remote/island microgrids are mainly used to provide diverse power sources for geographically remote communities and developing countries. Along with the expansion of electricity in

Wireless POS Terminal Market worth 13.00 Billion USD by 2023 with a growing CAGR of 11.59%

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) implementa

Millimeter Wave Technology Market worth $5.23 billion by 2025 with a growing CAGR of 41.5%

According to the new market research report on the " Millimeter Wave Technology Market by Product (Scanner Systems, Telecommunication Equipment), Frequency Band, License Type, Application (Automotive, Mobile & Telecom, Military, Defense, and Aerospace,), and Geography - Global Forecast to 2025" , this market is expected to be worth USD 5.23 billion by 2025, at a CAGR of 41.5% between 2019 and 2025. 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 2025 Millimeter wave technology-based telecommunication equipment held the largest market share in 2018. This is attributed to the surge in the number of mobile subscribers, resulting in the

Testing, Inspection and Certification Market worth $279.3 billion by 2025 with a growing CAGR of 4.9%

According to the new market research report " Testing, Inspection and Certification Market by Service (Testing, Inspection, Certification), Sourcing Type (In-House and Outsourced), Application (Consumer Goods and Retail, Construction and Infrastructure), and Geography - Global Forecast to 2024" , the overall TIC market is expected to grow from USD 209.4 billion in 2019 to USD 279.3 billion by 2025—growing at a CAGR of 4.9%. Factors such as the increase in disposable income and rapid urbanization in developing economies; high growth in product recalls across the world; high adoption of outsourcing service models by worldwide manufacturers; increased requirement for harmonized standards; surge in illicit trading, counterfeiting, and piracy practices across the world; and enforcement of rigorous government regulations and standards across various sectors are driving the growth of the TIC market. Certification services segment is expected to grow at the highest CAGR durin

Fire Protection System Market worth $95.52 billion by 2025 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 2025", the fire protection system market is expected to grow from USD 52.72 billion in 2018 to USD 95.52 billion by 2025, at a CAGR of 7.6% from 2018 to 2025. Fire protection systems help prevent fire accidents and subsequently the damages caused by them, reduce the impact of uncontrolled fires, and thus save lives and property. These systems are used in a wide range of sectors, such as residential, commercial, manufacturing, oil & gas, and energy & power. The growth of the market is fueled by rise in deaths and loss of property due to fire breakouts, stringent government regulations and mandates, and technological advancements in the construction industry. Download

Leak Detection Market for Oil & Gas worth 3.38 Billion USD by 2022 with a growing CAGR of 6.9%

According to the new market research report " Leak Detection Market for Oil & Gas by Technology (Acoustic, E-RTTM, Cable Based, Mass/Volume Balance, Laser Absorption and LIDAR, Vapor Sensing, Thermal Imaging), and Region - Global Forecast to 2022" , the leak detection market for oil and gas is expected to be valued at USD 3.38 Billion by 2022, growing at a CAGR of 6.9% between 2016 and 2022. The growth of this market can be attributed to the increasing incidents of leakages in the oil and gas pipelines and storage tanks at production facilities, development and expansion of existing pipelines and construction of new pipelines, and stringent government regulations pertaining to the implementation of leak detection systems. “Acoustic/ultrasonic to hold the major share of the leak detection market for oil and gas during the forecast period" The acoustic/ultrasonic technology is expected to lead the leak detection market for oil and gas between 2016 and 2

Metamaterial Market worth 4,634.8 Million USD by 2025 with a growing CAGR of 63.1%

According to the new market research report on the " Metamaterial Market by Material Type (Electromagnetic, Terahertz, Photonic, Tunable, and FSS ), Application (Communication Antenna, Windscreen, Solar Panel, Sensing, Display, and Medical Imaging), Vertical and Geography - Global Forecast to 2025" , this market is expected to be valued at USD 4,634.8 Million by 2025, at a CAGR of 63.1% between 2017 and 2025. The major factors driving the growth of the metamaterial market include variety in design functionalities, anti-glare coating applications, and invisibility cloak for stealth aircraft. Communication antenna expected to have the largest market size by 2025 Communication antenna accounted for the largest share of the metamaterial market based on application segment in 2016. The growth of this market can be attributed to the usage of antenna for major communication applications such as satellite communication, Wi-Fi routers and radar communication. Downloa

Low Noise Amplifier (LNA) Market worth 3.00 Billion USD by 2023 with a growing CAGR of 13.8%

According to the new market research report " Low Noise Amplifier (LNA) Market by Frequency (<6 GHz, 6–60 GHz, and >60 GHz), Material (Silicon, Silicon Germanium, Gallium Arsenide), Vertical (Consumer, Telecom, Military, Industrial, Automotive and Medical), and Geography - Global Forecast to 2023" , the LNA market is expected to grow from USD 1.17 Billion in 2016 to USD 3.00 Billion by 2023, at a CAGR of 13.8% between 2017 and 2023. The major factors driving the growth of this market include the huge demand from the smartphone market, growing bandwidth demand, and increasing usage of long-term evolution (LTE) technology. Consumer electronics expected to hold largest share of LNA market based on vertical during forecast period The consumer electronics vertical is expected to hold the largest share between 2017 and 2023. The growth is attributed to the growing adoption of consumer electronics devices such as wearable devices; smartphones, tablets, and laptops;

Total Station Market worth 2.04 Billion USD by 2023 with a growing CAGR of 6.3%

According to the new market research report  " Total Station Market  by Component (EDM, Microprocessor, Theodolite), Offerings (Hardware, Services), Type (Robotic, Manual), Application (Construction, Transportation, Utilities, Oil & Gas, Mining, Agriculture), and Geography - Global Forecast to 2023" , the total station market is expected to be valued at USD 2.04 Billion by 2023, at a CAGR of 6.3% between 2017 and 2023. The factors that are driving the growth of this market include the 3D modelling in surveying technology, demand for fast and precise measurement in rail application, and need for modernized construction plan. The robotic total station market is expected to grow at the highest rate during the forecast period The market for robotic total station is expected to grow at a high CAGR between 2017 and 2023. Robotic total stations are widely used total stations for the measurement and surveying of land at large scale and for big commercial and noncommercial c