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Showing posts from February, 2021

Substation Monitoring System Market Projected to reach 5.21 Billion USD by 2023

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. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=213501725 “Substation monitoring system market for software component is expected to grow at the highest

MulteFire Market worth $2,119 million by 2025

According to the new research report, the " 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" is likely to grow from USD 455 million in 2020 to USD 2,119 million by 2025, at a CAGR of 36.0%. The growth of the market is mainly driven by 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. Deployment of 5G network, and inititive of MulteFire alliance are expected to create significant growth opportunities for players in the MulteFire market during the forecast period. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=68291787 Small cells

Rugged Servers Market Projected to reach $652 million by 2025

The global rugged servers market size was valued at USD 475 million in 2020 and is projected to reach USD 652 million by 2025; it is expected to grow at a CAGR of 6.5% from 2020 to 2025. The growth of the rugged servers market is majorly driven by rising demand for industrial IoT, stringent regulatory requirements across various industries, and growing demand for rugged servers in the military, industrial, and power sectors. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=59534044 The >1 TB segment is expected to dominate the market in 2020 by contributing the largest share of the overall market. The growth of this segment can be attributed to the extensive application of these servers in military & aerospace, industrial, and power sectors, where higher memory size is required for effective data accessibility. The increasing demand for industrial automation, IoT integration across manufacturing industries, and rising need to achieve energy ef

Application Processor Market Opportunities and Challenges

According to the new market research report " Application Processor Market by Device Type (Mobile Phones, PC Tablets, Smart Wearables, and Automotive ADAS & Infotainment Systems), Core Type (Octa-core, Hexa-core, Quad-core, Dual-core, and Single-core), Industry, and Geography - Global Forecast to 2023" , the application processor market is expected to be worth USD 29.0 billion by 2018 and reach USD 38.2 billion by 2023, at a CAGR of 5.63% from 2018 to 2023. The growth of this market can be attributed to the high demand for application processors from the consumer electronics industry for use in devices such as mobile phones and PC tablets. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=129689032 Octa-core segment to hold largest share of application processor market in 2018 By core type, octa-core segment leads the application processor market. Mobile phones account for a major share of the application processor market. As octa-core

Wireless Testing Market Projected to reach $14.4 billion by 2024

The report " Wireless Testing Market by Offering (Equipment, Services), Technology (Bluetooth, 2G/3G, 4G/5G, Wi-Fi), Application (Consumer Electronics, Automotive, IT & Telecommunication, Medical Devices, Aerospace & Defense) and Region - Global Forecast to 2024" , size was valued at USD 10.4 billion in 2019 and is projected to reach USD 14.4 billion by 2024; it is expected to grow at a CAGR of 6.7% during the forecast period. The major driving factors in the wireless testing market are the adoption of advanced manufacturing techniques that require minimum human intervention and maintain quality of products and recent advancements in wireless technologies such as 4G and 5G. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=128820153 Wireless testing services market is the fastest-growing market The primary objective of wireless testing services is the assessment of the quality and safety of products to reassure consumers that a man

Image Intensifier Market Opportunities and Challenges

The report  " Image Intensifier Market  by Diameter, (<18 mm, 18 mm, 25 mm, 6 inch, 9 inch, 12 inch, 16 inch), Application (cameras, scopes, googles, x-ray detectors), Vertical (Defense and Surveillance, Medical, Industrial), Geography - Global Forecast to 2024" , The global image intensifier market is expected to reach USD 1,320 million by 2024 from USD 912 million in 2019 at a CAGR of 7.66%. The growing demand for medical diagnostic systems with better visibility and increasing military expenditure plays a significant role in the growth of the image intensifier market. In addition, the growing trend of military modernization in emerging economies of the world, leading to the boom in the image intensifier-based devices market, is also expected to propel the growth of this market during the forecast period. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=10660157 Googles to register highest CAGR in image intensifier market during 2019–20

RFID Market worth $17.4 billion by 2026

 The report " RFID Market with COVID-19 Impact Analysis by Product Type (Tags, Readers, and Software and Services), Wafer Size, Tag Type (Passive Tags and Active Tags), Frequency, Applications, Form Factor, Material, and Region - Global Forecast to 2026" , will grow to USD 17.4 billion by 2026 (forecast year) from USD 10.7 billion in 2021 (estimated year), at a CAGR of 10.2% between 2021 and 2026. The key drivers fueling the growth of this market include growing market competitiveness leading to availability of cost-effective RFID solutions, high returns on investment, and increasing regulations and government initiatives for various industries. Moreover, increasing installation of RFID systems in manufacturing units to improve productivity due to COVID-19 can play a key role in driving the growth of the RFID market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=446 The tag segment to register higher CAGR during the forecast period The

Key Emerging Trends in Vertical Farming Market

According to the new market research report on the " Vertical Farming Market with COVID-19 Impact Analysis by Growth Mechanism (Hydroponics, Aeroponics, and Aquaponics), Structure (Building Based and Shipping Container), Offering, Crop Type, and Region - Global Forecast to 2025" , The vertical farming market is projected to reach USD 7.3 billion by 2025 from USD 2.9 billion in 2020; it is expected to grow at a CAGR of 20.2% during the forecast period. The growth of the vertical farming market is primarily attributed to high yield and numerous other benefits associated with vertical farming over conventional farming, advancements in light-emitting diode (LED) technology, year-round crop production irrespective of weather conditions, and requirement of minimum resources. Factors such as positive impacts of adopting vertical farming on the environment, potential market opportunities in APAC and the Middle East, and cannabis cultivation through vertical farming are expected to

Key Market Dynamics in Micro-Location Technology Market

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. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=125942648 “Asset management to register higher CAGR in micro-location technology market during forecast period” The micro-location technology market for asset managem

Hybrid Valve Market Projected to reach $1.4 billion by 2024

According to the new market research report " Hybrid Valve Market by Material (Steel, Tungsten Carbide, Alloy, Titanium, Duplex Nickel), Valve Size, End-Use Industry (Oil & Gas, Water & Wastewater, Energy & Power, Chemicals, and others), and Region - Global Forecast to 2024", the global hybrid valves market size is expected to be worth USD 1.0 billion in 2019 and reach USD 1.4 billion by 2024, at a CAGR of 6.4% from 2019 to 2024. The growth of this market can be attributed to the high demand for hybrid valves from various industries such as oil & gas, energy & power, and water & wastewater, mainly from APAC and North America. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=147672154 Oil & gas industry to hold the largest share of the hybrid valves industry in 2019 The oil & gas industry is likely to account for the largest hybrid valves market share in 2019. The recent uptrend in the oil & gas industry

GaN Power Device Market Opportunities and Challenges

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=93870461

Next-Generation Memory Market Expected to reach $11.6 billion by 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. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=632 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 fa

Safety Valves Market Projected to reach $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. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=121512658 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 sh

Europe TIC Market by Sourcing type, Service type & Application Forecast to 2025

The report " Europe TIC Market by Sourcing type (In-house and Outsourced services), Service type (Testing, Inspection and Certification), Application (Consumer Goods and Retail, Automotive, Aerospace) and Country - Forecast to 2025 " , is projected to grow from USD 50.1 billion in 2020 to USD 60.4 billion in 2025, at a CAGR of 3.8%. The growth can be attributed to the rising demand for certification to ensure safety as the awareness of the consumers are increasing and to ensure product reliability. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=106364638 Outsourced Services, by scanning type, is expected to grow at the highest CAGR during the forecast period With the increasing in conformity demands from the governments and to ensure expert TIC services, Outsourced services are expected to increase. Third party TIC service providers ensure accurate results with no biasness. The push toward outsourcing by manufacturing companies, and in

Smart Irrigation Market Projected to reach $2.1 billion by 2025

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 2025" , is estimated to be worth USD 1.0 billion in 2020 and projected to reach USD 2.1 billion by 2025, at a CAGR of 15.3%. 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. IoT device installations in agriculture farms around the world are projected to witness a compound annual growth rate of 14%.

Machine Condition Monitoring Market Opportunities and Challenges

According to the new market research report " Machine Condition Monitoring Market by Monitoring Technique (Vibration Monitoring, Thermography, Oil Analysis, Corrosion Monitoring, Ultrasound Emission, MCA), Monitoring Process, Deployment, Offering, Industry, and Region - Global Forecast to 2025" , the global machine condition monitoring market size is estimated to be USD 2.6 billion in 2019 and is projected to reach USD 3.9 billion by 2025, at a CAGR of 7.0%. The machine condition monitoring industry is likely to exhibit lucrative growth potential during the forecast period. The growth of the machine condition monitoring market is expected to be driven by the advent of secure cloud platforms used in condition monitoring, increasing disposition toward predictive maintenance, and high demand from emerging applications. The market also has several opportunities that can be explored by existing and entry-level companies to expand businesses. Download PDF Brochure @ https://ww

Load Monitoring System Market Projected to reach $3.3 billion by 2024

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. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=125476126 “Load cell to lead load monitoring system market by 2024” Load cell is the m

Test and Measurement Equipment Market Projected to reach $32.3 billion by 2024

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 equipm

Fiber optic Components Market Projected to reach 27.60 Billion USD by 2023

According to the new market research report " Fiber Optic Components Market by Component (Transceivers, AOCs, Cables, Amplifiers, Splitters, Connectors, Circulators), Data Rate (10G, 40G, 100G, above 100G), Application (Communications, Distributed Sensing) - Global Forecast to 2023" , the fiber optic components market is expected to grow from USD 17.15 Billion in 2018 to USD 27.60 Billion by 2023, at a CAGR of 10%. The factors that are driving the growth of this market are the increasing deployment of data centers, growing internet penetration and data traffic, and rising demand for bandwidth and reliability. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=63775446 Fiber optic components market for AOCs expected to grow at the highest rate during the forecast period The market for AOCs is expected to grow at the highest CAGR between 2018 and 2023. The cloud technology has developed rapidly with the beginning of the big-data age. To satis