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Showing posts from May, 2021

Fiber optic Components Market Projected 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. 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 satisfy the demands of higher bandwidth and more applications in a variety of cloud computing environments, active optical cables (AOCs) have been developed. Fiber optic components market for 100G expected to lead the fiber optic components market between 2018 and 2023 The fiber optic components

Key Market Dynamics in Fuel Management System Market

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. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=255245201 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 deman

Leak Detection Market Projected to reach $3.0 billion by 2025

The report " Leak Detection Market for Oil & Gas with COVID-19 Impact by Technology (Acoustic, E-RTTM, Fiber Optic, Mass/Volume Balance, Laser Absorption and LiDAR, Thermal Imaging), Medium (Oil and Condensate, Natural Gas), and Region - Global Forecast to 2025" , is estimated to be USD 2.1 billion in 2020 and is projected to reach USD 3.0 billion by 2025; it is expected to grow at a CAGR of 7.8% from 2020 to 2025. Increasing incidents of oil and gas leakages in pipelines and storage tanks at production facilities, ongoing construction of new pipelines and expansion of existing ones, and evolving government regulations pertaining to the implementation of leak detection systems are the key factors driving the growth of the leak detection market for oil & gas. Rising oil and gas exploration and production activities worldwide, increasing global oil and natural gas consumption, and ongoing technological advancements in leak detection systems are projected to create lu

Key Market Dynamics in Utility Locator Market

According to the new market research report on the " Utility Locator Market by Technique (Electromagnetic Field, GPR), Offering ( Equipment and Services), Target (Metallic and Non-Metallic), Vertical (Oil & Gas, Electricity, Transportation, Water & Sewage, Telecom), and Geography - Global Forecast to 2023" , the utility locator market is expected to grow from USD 5.62 Billion in 2018 to USD 7.50 Billion by 2023, at a CAGR of 5.94% between 2018 and 2023. The market is mainly driven by the factors such as the concern for safety and protection of underground utilities, benefits of advanced utility locating technologies over traditional utility locating methods, and government initiatives toward the implementation of utility locators. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=181874750  Electromagnetic field locators held largest share of overall market in 2017 The electromagnetic field technique accounted for the largest share

Robotic Welding Market worth $11.7 billion by 2026

The report " Robotic Welding Market with COVID-19 Impact Analysis by Type (Spot Welding Robots, Arc Welding Robots), Payload (>150 kilograms, 50-150 kilograms), End user (Automotive and Transportation, Electrical and Electronics), Geography - Global Forecast to 2026" , size is projected to reach USD 11.7 billion by 2026 from an estimated USD 7.1 billion in 2021, at a CAGR of 10.5% from 2021 to 2026. Ongoing penetration of 5G in industrial manufacturing and principles and the increasing adoption of welding robots in the automotive and transportation industries are among the factors driving the growth of the robotic welding market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=248099543 By type, the other segment is projected to witness growth at the highest CAGR during the forecast period Robotic laser welding is an inherently precise and versatile welding approach. It offers accurate, clean, and flexible output products, which req

Flexible AC Transmission Systems Market Projected to reach $1.5 billion by 2025

The report " Flexible AC Transmission Systems (FACTS) Market with Covid-19 Impact Analysis by Compensation Type (Shunt, Series, and Combined), Generation Type, Vertical, Component, Application, Functionality, and Geography - Global Forecast to 2025" is estimated to grow from USD 1.2 billion in 2020 to USD 1.5 billion by 2025; it is expected to grow at a CAGR of 5.4% from 2020 to 2025. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1228 In a conventional AC transmission system, the ability to transfer AC power is limited by factors such as transient stability, thermal, voltage, and short circuit current limits. These limitations can be overcome with the use of flexible AC transmission systems (FACTSs)—power electronic controllers—as they offer various benefits such as controllability, flexibility and reliability, as well as enhance power transfer capability of the network. FACTS devices help in reducing voltage drops on a transmission l

Key Market Dynamics in Medical Device Testing Market

The report " Medical Device Testing Market with COVID-19 impact, By Services (Testing, Inspection , Certification), Sourcing , Technology (Active Implant, IVD, Orthopedic & Dental, Opthalmic, Vascular), Class, Testing, & Region- Global Forecast to 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

NVH Testing Market worth $2.9 billion by 2025

The report " NVH Testing Market by Application (Environmental Noise Measurement, Pass-by Noise Testing, Noise Source Mapping, Telecom Testing, Sound Quality Testing, Building Acoustics, and Others), Type, End-user Industry, and Geography - Global Trends and Forecast to 2025", size is expected to grow from USD 2.1 billion in 2020 to USD 2.9 billion by 2025, at a CAGR of 6.9%. Adoption of stringent government regulations to reduce noise pollution and increasing demand for in-vehicle infotainment systems are the key factors driving the growth of the NVH testing market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=47022073 Power generation end-user industry to grow at highest CAGR during 2020–2025 The NVH testing market for the power generation industry is expected to register the highest CAGR during the forecast period. The implementation of stringent legislative obligations placing high pressure on OEMs to design and manufacture equipm

Deep Learning Market Projected to reach 18.16 Billion USD by 2023

The deep learning market, the overall deep learning market is estimated to be valued at USD 3.18 Billion in 2018 and is expected to be worth USD 18.16 Billion by 2023, at a CAGR of 41.7% from 2018 to 2023. Improving computing power, declining hardware cost, and the increasing adoption of cloud-based technology are fueling the growth of the deep learning market. Usage in big data analytics and growing AI adoption in customer-centric services are the other key factors driving this market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=107369271 Software to hold largest market share from 2018 to 2023 Software currently holds the largest market share, while the market for services is expected to grow at the highest CAGR between 2018 and 2023. The software segment consists of software frameworks and platforms/APIs developed using algorithms and codes that enable hardware to carry out deep learning programs. Manufacturers and software providers offer di

Utility Locator Market worth 7.50 Billion USD by 2023

The utility locator market is expected to grow from USD 5.62 Billion in 2018 to USD 7.50 Billion by 2023, at a CAGR of 5.94% between 2018 and 2023. The market is mainly driven by the factors such as the concern for safety and protection of underground utilities, benefits of advanced utility locating technologies over traditional utility locating methods, and government initiatives toward the implementation of utility locators. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=181874750 Electromagnetic field locators held largest share of overall market in 2017 The electromagnetic field technique accounted for the largest share of the overall utility locator market in 2017. Factors such as high adoption of electromagnetic field technique to locate metallic utilities, such as electric wires, telephone lines, and cables, and the lower cost of electromagnetic field locators compared to other techniques drive the growth of the market for electromagnetic

Contraband Detector Market Expected to reach $5.4 billion by 2024

According to the new market research report " Contraband Detector Market by Technology (X-ray, Metal Detection, Spectrometry & Spectroscopy), Screening (People, Baggage & Cargo), Deployment (Fixed, Portable), Application (Transportation, Government, Retail), and Region - Global Forecast to 2024" , the contraband detector market is projected to grow from USD 3.9 billion in 2019 to USD 5.4 billion by 2024; it is expected to record a compound annual growth rate (CAGR) of 6.7%. The rising government investments for improvement of existing transit facilities and construction of new transit locations, especially airports, is the major factor that drives the market growth. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=181964391 X-ray imaging technology to account for the largest share of the contraband detector market A wide variety of concealed materials, including both metallic and non-metallic threat items, can be detected using