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Showing posts from June, 2021

Key Emerging Trends in RFID Market

The global RFID market is projected to grow from USD 10.7 billion in 2021 to USD 17.4 billion by 2026; it is expected to grow at a CAGR of 10.2% from 2021 to 2026. The key factors fueling the growth of this market include growing market competitiveness leading to availability of cost-effective RFID solutions, high returns on investment, increasing regulations and government initiatives for various industries, and increasing installation of RFID systems in manufacturing units to improve productivity due to COVID-19. The RFID market is dominated by key global established players such as Avery Dennison, Zebra Technologies, Honeywell, NXP Semiconductors, Impinj, HID Global, GAO RFID, Identiv, Invengo, and Nedap. These companies focus on adopting both organic and inorganic growth strategies, such as product launches and developments, partnerships, collaborations, expansions, and acquisitions to strengthen their position in the market. To know about the assumptions considered for the

IoT-Based Smart Irrigation Systems Transforming Irrigation Industry

The combination of the Internet of Things (IoT) and AI technologies, such as machine learning, computer vision, and predictive analytics, further allow farmers to analyze real-time data of weather conditions, temperature, soil moisture, and plant health. The smart irrigation market is currently in the introductory growth phase and is expected to witness growth in the future owing to the increasing role of technology in irrigation management. The smart irrigation market was valued at USD 0.83 billion in 2018 and is expected to reach USD 1.76 billion by 2023, at a CAGR of 16.30% during the forecast period. Major factors contributing to the growth of the smart irrigation market include initiatives undertaken by various governments to promote water conservation, increasing adoption of smart irrigation controllers, and growing emphasis on increasing farm productivity and profits using smart irrigation solutions. However, the implementation of smart irrigation technologies in fragmented la

Upsurge in demand for private 5G networks for mission-critical applications to boost 5G enterprise market

Private 5G networks will provide next-generation connectivity for use cases that require low latency and higher throughput. Private 5G networks use 5G non-standalone and standalone architecture using a license and unlicensed spectrums, specifically designed for highly mission-critical business applications. 5G networks will use a network slicing technique that helps enterprises to effectively manage resources. As per MarketsandMarkets analysis, the global  5G Enterprise market  was valued at USD 1.2 billion in 2020 and is expected to reach USD 10.9 billion by 2027; it is projected to grow at a CAGR of 31.8% during the forecast period. The emergence of Industry 4.0 paving the way for mMTC, development of smart infrastructure, and the delivery of differentiated 5G services using network slicing technique are the major factors driving the global 5G enterprise market. According to Sachin Garg, Associate Vice President, Semiconductor and Electronics at MarketsandMarkets, “Private networ

Milking Robots Market Opportunities and Challenges

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. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=170643611 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

Milking Robots Market Opportunities and Challenges

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. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=170643611 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

Management System Certification Market worth $32.5 billion by 2026

The report " Management System Certification Market  with COVID-19 Impact Analysis by Certification Type (Product Certification and Management System Certification), Service Type, Verticals, and Region - Global Forecast to 2026 " The overall Management system certification market is expected to grow from USD 25.1 billion in 2021 to USD 32.5 billion by 2026, at a CAGR of 5.3%. Management system certification services help product manufacturers ensure if their products adhere to regulatory norms, improve product quality, and enhance production capacity. The market is experiencing growth due to the adoption of advanced technologies in the industrial, healthcare, and consumer electronics sectors and the introduction of new services and solutions such as virtual inspections, visual inspection, and remote auditing in the middle of the COVID-19 pandemic. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=202845337 Product certification segment to hol

E-House Market Projected to reach 1.51 Billion USD by 2023

According to the new market research report " E-House Market by Type (Fixed E House and Mobile Substation), Application (Industrial (Metals & Mining and Oil & Gas), and Utilities), and Region (Middle East & Africa, Americas, Europe, APAC) - Global Forecast to 2023" , the e-house market is expected to grow from USD 1.09 Billion in 2018 to USD 1.51 Billion by 2023, at a CAGR of 6.75% between 2018 and 2023. E-house is called by many names in the industry; electrical house, prefabricated substation, compact power house, and modular substation are some of them. Factors driving the growth of this market include the cost-effectiveness, flexibility, and easy installation of e house. E-house can be installed in a limited space with just a simple foundation and easily relocated without difficulties. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=250930667 Mobile substation expected to hold larger share of e-house market during forecast

Wireless Sensor Network Market Opportunities and Challenges

According to the market research report " Wireless Sensor Network Market by Offering (Hardware, Software, Services), Sensor Type, Connectivity Type, End-user Industry (Building Automation, Wearable Devices, Healthcare, Automotive & Transportation, Industrial), and Region - Global Forecast to 2023" , the wireless sensor network (WSN) market, the market was valued at USD 29.06 Billion in 2016 and is expected to reach USD 93.86 Billion by 2023, at a CAGR of 18.55% between 2017 and 2023.  The growth of this market is propelled by the development of cheaper, smarter, and smaller sensors; expanding market for smart and wearable devices; increasing need for real-time computing of applications; and surge in demand for IoT sensors for various applications such as sensing, recognition, and interpretation.  Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=445   Software to hold the largest size of the wireless sensor network by 2023   The software comp

Hybrid Valve Market Expected 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

Flexible AC Transmission Systems Market Expected 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 line

Key Market Dynamics in Smart Thermostat Market

According to the new market research report on the " Smart Thermostat Market by Product (Connected, Learning, Standalone), Connectivity Technology (Wireless, Wired), Installation Type (New Installation, Retrofit Installation), Vertical (Residential, Commercial, Industrial), and Region - Global Forecast to 2026", the smart thermostat market size is expected to grow from USD 2.5 billion in 2021 to USD 6.4 billion by 2026; it is expected to grow at a CAGR of 20.8% from 2021 to 2026. The key factors driving the growth of the market 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. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=266618794 “Product-wise, connected smart thermostat segment held the largest market size of overall smart thermostat market in 2020

Key Emerging Trends in Next-Generation Memory Market

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

Key Market Dynamics in Home Automation System Market

The report " Home Automation System Market with COVID-19 Impact Analysis, By Management, Product (Lighting Control, Security & Access Control, HVAC Control, Entertainment & Other Controls), Software & Algorithm, and Region - Global Forecast to 2025" , is projected to grow from USD 40.8 billion in 2020 to USD 63.2 billion by 2025; it is expected to grow at a CAGR of 9.1% during the forecast period. Owing to COVID-19, the home automation system market is estimated to face headwinds for 2019–2020. As millennials account for the majority of new home buyers, growing homeownership is one of the major factors driving the adoption of home automation systems. Insurance companies offering attractive discounts to house owners having inbuilt access control and security systems is expected to help consumers to save on house insurance premiums and cover the cost of adopting home security systems for residential applications. The development and implementation of IoT technology