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Showing posts from April, 2021

Test and Measurement Equipment Market worth $33.3 million by 2026

According to the new market research report " Test and Measurement Equipment Market with COVID-19 Impact Analysis by Product Type (GPTE and MTE), Service Type (Calibration Services, Repair Services/After-sales Services), Verticals, and Region(APAC, Europe, North America) - Global Forecast to 2026" , the overall test and measurement equipment market is expected to grow from USD 27.7 billion in 2021 to USD 33.3 billion by 2026, at a CAGR of 3.7%. The market is growing due to the increasing demand for such equipment from verticals such as automotive and transportation, aerospace & defense, IT and telecommunications, education and government, electronics & semiconductor, industrial, and healthcare. The healthcare sector is expected to exhibit the highest CAGR of 4.63% during the forecast period. There is a significant growth potential for the test and measurement equipment market in the healthcare vertical due to the rapid development of new healthcare equipment, patient

Key Market Dynamics in Machine Condition Monitoring Market

The global machine condition monitoring market size is projected to grow from USD 2.6 billion in 2021 to USD 3.6 billion by 2026; it is expected to grow at a CAGR of 7.1% from 2021 to 2026. The growth of the machine condition monitoring market is majorly driven by significance of remote operations owing to spread of COVID-19, advent of secure cloud computing platforms used for machine condition monitoring, adoption of wireless communication technology in machine condition monitoring, inclination toward predictive maintenance of industrial machinery, and deployment of automated condition monitoring technologies in smart factories. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=29627363 Vibration monitoring held the largest share of the machine condition monitoring market in 2020. Vibration monitoring is a widely used predictive maintenance technique as it can detect faults in machines at an early stage before repairs are required. It can also identi

Volumetric Video Market Expected to reach $5.8 billion by 2025

The report " Volumetric Video Market by Volumetric Capture (Hardware (Camera & Processing Unit), Software, and Services), Application (Sports, Events and Entertainment, Medical, Signage, Education & Training), & Content Delivery and Region - Global Forecast to 2025" , is estimated to grow from USD 1.4 billion in 2020 to USD 5.8 billion by 2025, at a CAGR of 32.8% between 2020 and 2025. Increasing applications of volumetric technology in several end-user industries coupled with a surge in demand for enhanced match viewing experience is the major factor driving the growth of the market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=259585041 “Hardware is the most attractive segment that is gaining attention in the volumetric video industry.” The hardware segment is expected to dominate the global volumetric video market by 2025. The use of 360° (6DOF) cameras for sports, events, and entertainment and medical applications is gradual

Medical Device Testing Market worth $11.8 billion by 2025

The medical device testing market was valued at USD 9.3 billion in 2020 and is projected to reach USD 11.8 billion by 2025; growing at a CAGR of 4.8% from 2020 to 2025. The medical device testing market is growing due to the increasing need of verification and validation for medical devices. The in-vitro diagnostic (IVD) medical device segment held the largest share of the medical device testing market in 2019, owing to the increasing demand for rapid testing kits and other diagnostics devices across regions. The active implant medical device segment is projected to witness the highest CAGR during the forecast period, owing to the implementation of stringent regulations to ensure that the implantable medical devices are fit for the human body. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=254474064 The COVID-19 crisis has led to global health and economic pandemic. This has resulted in a number of businesses shutting down their manufacturing plant

Position Sensor Market Projected to reach $7.3 billion by 2025

The position sensor market is projected to reach USD 7.3 billion by 2025 from USD 4.7 billion in 2020; it is expected to grow at a CAGR of 9.2% during the forecast period. Increasing focus of manufacturers on accurate measurements and detailed inspection, growing implementation of position sensors in the aviation and aerospace industry, and rising demand for position sensors to be deployed in modern automobiles are the key factors fueling the growth of this market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=17719728 Linear position sensor type is expected to gain significant share of position sensor market by 2025 The linear position sensor type is expected to account for the largest share of the position sensor market by 2025. The linear position sensor is an electronic device used to measure linear position changes relative to a reference position. The leading position of linear position sensors can be attributed to its increasing demand in

Ball Valves Market Expected to reach $14.7 billion by 2025

The report " Ball Valves Market With COVID-19 & Oil Price Crisis Impact Analysis By Type (Trunnion-mounted, Floating, Rising Stem), Material, Size, End-User (Oil & Gas, Energy & Power, Water & Wastewater Treatment), and Region - Global Forecast to 2025" , was valued at USD 8.1 billion in 2020 and is projected to reach USD 14.7 billion by 2025. It is expected to grow at a CAGR of 12.5% during the forecast period. Increasing demand for valves from healthcare and pharmaceuticals industries due to outbreak of COVID- 19 pandemic, need for replacement of outdated ball valves and adoption of smart valves, rising focus on industrialization, urbanization, and smart city development, and rise in new nuclear power plants projects and upgrade existing ones are the key driving factors for the ball valves market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=80882742 Trunnion-mounted ball valves to account for the largest share of the

Eye Tracking Market Projected to reach $1,098 million by 2025

According to the new market research report " Eye Tracking Market with COVID-19 Impact Analysis by Offering (Hardware, Software, Services), Tracking Type (Remote and Mobile), Application (Assistive Communication, and Human Behavior & Market Research), Vertical, and Geography- Global Forecast to 2025" , is expected to grow from USD 368 million in 2020 to USD 1,098 million by 2025; it is expected to grow at a CAGR of 24.5% from 2020 to 2025. The high demand for eye trackers in the healthcare vertical, especially for the assistive communication application is one of the key driving factors for the eye tracking market. The increasing penetration of eye tracking technology in the consumer electronics vertical, and high demand for eye trackers for personalized advertisements and consumer research purposes are a few other key factors having a positive impact on the growth of the eye tracking market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?

Smart Thermostat Market Opportunities and Challenges

The global smart thermostat market size is expected to reach USD 6.4 billion by 2026 from USD 2.5 billion in 2021, growing at a CAGR of 12.0%. The key factors driving the growth of the market include increasing adoption of smart homes attributed to COVID-19 situation, emergence of IoT-enabled HVAC systems, government regulations pertaining to increase energy efficiency of buildings, and surging adoption of smart home voice assistants. However, high manufacturing and installation costs of smart thermostats, and concerns regarding data security are the factors restraining the growth of the smart thermostat market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=266618794 The smart thermostat market for learning smart thermostat is expected to grow at the highest CAGR during the forecast period. The learning smart thermostat is not required to be programmed on a regular basis like the connected thermostat. It is a premium device preferred by smart home

Insulation Monitoring Devices Market Projected to reach $748 million by 2023

The report " Insulation Monitoring Devices Market by Response Time, Application (Power Utilities, Manufacturing and Production, Mining, Healthcare, Transportation), and Geography (North America, Europe, Asia Pacific, Rest of the World) - Global Forecast to 2023" , The insulation monitoring devices market is expected to grow from USD 579 million in 2018 to USD 748 million by 2023, at a CAGR of 5.25% during the forecast period. The major factors driving the market growth include the prevention of data loss due to power supply fluctuations, necessity of electricals in IT systems, and increased demand for insulation monitoring devices from renewable energy power plants. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=224239409 Insulation monitoring devices with <4 s response times to lead market during forecast period The response time of the insulation monitoring devices depends on the system leakage capacitance, insulation resistance, a

Metamaterial Market Opportunities and Challenges

The metamaterial market was valued at USD 305 million in 2021 and is projected to reach USD 1,457 million by 2026. It is expected to grow at a CAGR of 36.7 % during the forecast period.   The variety in design functionalities, anti-laser coating application, and developments in radar and LiDAR for autonomous vehicles, the use of metamaterials in solar power systems, metamaterial-based radar for drones, and advancements in 5G are the key factors driving the growth of metamaterial market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=139795737 The electromagnetic segment is estimated to account for the largest size of the metamaterial market in 2021. The frequency sletcive surface   segment of the market is projected to grow at the highest CAGR during the forecast period. The growth of this segment is fueled by the major interest of the defense vertical for this class of metamaterials, as these materials are used to create radar covers called radome

Photovoltaic Market Projected to reach $113.1 billion by 2025

The report " Photovoltaic Market with COVID-19 Impact, by Component (Modules, Inverters), Material (Silicon, Compounds), Installation Type (Ground Mounted, BIPV), Application (Residential, Commercial & Industrial, Utilities) and Region - Global Forecast to 2025" , size is expected to grow from USD 76.6 billion in 2020 to USD 113.1 billion by 2025, at a CAGR of 8.1%. The supportive government policies and initiatives are expected to fuel the demand for photovoltaic systems. The growing demand for PV system for residential applications is expected to play a vital role in the growth of the photovoltaic industry. The market is expected to decline in 2020, mainly due to the impact of COVID-19. The photovoltaic supply chain was disrupted in March and April 2020 due to the lockdown imposed by various governments and labor shortages in the PV industry due to travel restrictions, which would affect the photovoltaic market. Though the market is expected to be impacted in 2020, i

Crawler Camera System Market Expected to reach $353 million by 2025

The report " Crawler Camera System Market by Component (Hardware, Software, Service), Application (Drain Inspection; Pipeline Inspection; Tank, Void, and Cavity/Conduit Inspection), Vertical (Residential, Municipal, Industrial), and Region - Global Forecast to 2025" , is projected to reach USD 353 million by 2025 from USD 145 million in 2019; it is projected to grow at a CAGR of 14.5% during the forecast period. The major drivers for the market’s growth are the rising demand from residential and municipal applications, increasing government mandates and regulations for pipeline assessment, growing demand for advanced inspection systems for underwater operations, and growing demand for sewer inspection. The introduction of magnetic crawlers will create growth opportunities for crawler camera system manufacturers. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=191720025 Pipeline inspection application of crawler camera system market to grow

Fire Protection System Market Projected to reach $95.4 billion by 2025

The global fire protection system market size is estimated to reach USD 95.4 billion by 2025 from USD 67.7 billion in 2020, growing at a CAGR of 7.1%. The market growth is fueled by the development of the construction industry, an increase in the loss of human lives & property due to fire breakouts, stringent regulatory compliances, and a rise in the adoption of wireless technology in fire detection systems.   Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1018 “Fire suppression segment to hold the largest size of the fire protection system market from 2020 to 2025.” A fire suppression system starts operating once it receives fire alerts from different sensors and detectors. By product, the fire suppression market has been segmented into fire sprinklers, nozzles, caps, and control heads; fire suppressors; and fire detectors and control panels. Fire suppressors are used to prevent the spread of fire and put it off. Fire extinguishers spray wat

Fiber optic Components Market Expected to reach 27.60 Billion USD by 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. 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 satisfy the demands of higher bandwidth and more applications in a variety of cloud computing environments, active optical cables (AOCs) have been developed. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=63775446 Fiber optic components market for 100G expected to lead the fiber optic components market between 2018 and 2023 The fiber optic components

5G Enterprise Market worth $10.9 billion by 2027

The report " 5G Enterprise Market by Network Type (Hybrid Network, Private Network), Operator Model, Infrastructure, Spectrum, Frequency Band, Organization Size, Application, Vertical, Region - Global Forecast to 2027" , is expected to grow from USD 2.1 billion in 2021 to USD 10.9 billion by 2027, at a CAGR of 31.8%. A few major factors driving the growth of this market are the emergence of Industry 4.0 paving the way for mMTC, the development of smart infrastructure, and the delivery of differentiated 5G services using network slicing technique. The critical challenge faced by the market players is the requirement of the high spending capability of carriers to set up a 5G infrastructure. Similarly, the adoption of Wi-Fi communication technology by enterprises and security concerns in the 5G core network are the major factors hindering the market growth. Low latency connectivity with uRLLC and increasing demand for private networks from various enterprises and government org

Hydronic Control Market Expected to reach $37.70 billion by 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. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=267336799 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 controllers and accordingly controls the valves and dampers in the hydronic system. By using building management system (BMS) and bus communication, actuators can be remotely accessed; this saves t