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Showing posts from April, 2023

Microgrid Market Projected to reach $63.2 billion by 2027

Microgrid Market size is estimated to be USD 26.9 billion in 2022 and is projected to reach USD 63.2 billion by 2027, at a CAGR of 18.6% during the forecast period. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=917 Several main reasons are predicted to generate significant growth in the microgrid industry in the near future. One of the key factors is the growing emphasis on decarbonization as end users and governments strive to minimise their carbon footprints and shift to more sustainable energy sources. Furthermore, there is an increasing demand for dependable and continuous power delivery, particularly in locations where grid infrastructure is unstable or non-existent. This has resulted in an increase in the usage of microgrids for rural electrification, allowing underprivileged communities to get access to energy. Finally, increased government attempts to stimulate microgrid construction are projected to drive sector growth. Overall, these element

Crop Monitoring Market Projected to reach $4.4 billion by 2025

The global crop monitoring market is expected to grow to USD 4.4 billion by 2025 from USD 2.2 billion in 2020, at a CAGR of 15.2% during 2020-2025 period. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=8994590 The rapid growth of the global crop monitoring market is attributed to the factors such as rising awareness among the farmers towards the advanced and sustainable farming techniques, surging investments in the agriculture technology globally and the rising concerns for the food security and safety. Moreover the enhancements in the remote sensing and monitoring capabilities has resulted in the wider adoption of crop monitoring devices and software. The application of IoT in the field of farming has paved the way for the promising growth in the crop monitoring market owing to several benefits associated with it such as remote monitoring, telematics and automation of farming processes. Sensing and imagery technology to hold largest market share

Management System Certification Market Projected to reach $32.5 billion by 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 hold the largest share of the Management system certification market, by certification type, in 2021 Product certification can be described as a process of certifying products that meet the requirements mentioned in contracts, regulations, o

Automotive Sensors Market Expected to reach $47.5 billion by 2026

 Automotive Sensors Market was valued at USD 24.3 billion in 2020 and is estimated to reach USD 47.5 billion by 2026, registering a CAGR of 13.6% during the forecast period. The rising adoption of autonomous vehicles increasing demand for automotive sensors worldwide. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=426 By sales channel, the original equipment manufacturer (OEM) is projected to hold the largest share of automotive sensors market during the forecast period In 2021, the OEM segment is expected to hold a larger share of the automotive sensors market than the aftermarket segment, and a similar trend is expected to be observed from 2021 to 2026. The enforcement of stringent vehicle safety regulations and the deployment of ADAS technology for automatic high beam control, night vision, front luminance, and several other applications in modern-day vehicles will create opportunities for automotive sensor manufacturers. All these factors will

Eye Tracking Market Set to Grow at the Fastest Rate- Time to Grow your Revenue

Eye Tracking Market 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. Several main factors are driving the eye tracking market. The strong demand for eye trackers in the healthcare vertical, particularly for assistive communication applications, is one of the most significant drivers. Individuals with impairments are using eye tracking technologies to communicate more effectively and efficiently. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=144268378 The increasing implementation of eye tracking technology in the consumer electronics vertical is another factor driving the growth of the eye tracking market. Eye trackers are being employed in devices such as smartphones and laptop computers to provide users with more personalised experiences. Furthermore, eye tracking is utilised in consumer research to get vital data on how consumers interact with products

Livestock Monitoring Market Projected to reach $3.7 billion by 2030

 The Livestock Monitoring Market is expected to reach USD 3.7 billion by 2030 from USD 1.6 billion in 2022, at a CAGR of 11.0% during the 2022–2030 period. The rapid growth of the global livestock monitoring market is attributed to the some of the driving factors such as Increasing focus on real-time monitoring and early disease detection, growing adoption of IoT and AI for livestock monitoring, rising demand for meat globally and cost-saving achieved through the adoption of livestock monitoring solutions. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=72634532 Hardware segment to account for the largest share of the livestock monitoring market during the forecast period Growing use of hardware devices such as smart tags, sensors, camera-based systems, and GPS devices in livestock farms is a major factor driving the market growth. The other factors contributing to the market growth of the hardware segment include the increase in average herd siz

Hydraulics Market Growth, Analysis, Latest Trends and Forecast till 2027

Hydraulics Market size is estimated to be USD 41.2 billion in 2022 and is projected to reach USD 49.7 billion by 2027, at a CAGR of 3.8%. The hydraulics market is experiencing significant growth due to various factors such as the growing focus on smart hydraulic equipment, continuous R&D, and technological advancements in hydraulic cylinders. The market is also being driven by the rapidly growing demand for material handling equipment, lifting equipment in the shipping industry, and advanced agriculture equipment. With the increasing demand for hydraulics equipment, manufacturers are investing in research and development to improve their products and meet the evolving needs of the market. The future of the hydraulics market looks promising, with continued growth expected in the coming years. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=209607944 Hydraulic cylinders are essential in the construction industry, where they are found in a variety o

Machine Condition Monitoring Market Set to Grow at the Fastest Rate- Time to Grow your Revenue

Machine condition monitoring is the process of monitoring machine performance and forecasting faults ahead of time in order to reduce downtime and maintenance expenditures. The Machine Condition Monitoring Market is predicted to expand rapidly in the future years. Several reasons are driving the market, including the growing desire to minimise maintenance costs and downtime, the expanding demand for predictive maintenance, and the increasing usage of IoT-enabled devices. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=29627363 The global machine condition monitoring market size is anticipated to grow from USD 2.8 billion in 2022 to USD 4.0 billion by 2027, at a CAGR of 7.8% from 2022 to 2027. The market is being driven by the increasing demand for predictive maintenance solutions to reduce maintenance costs and downtime. The growth of the market is also being fueled by the rising adoption of IoT-enabled devices and the increasing focus on Industry 4.

Controlling the Flow: A Look into the Growing Control Valve Market

The control valve market is a critical segment of the global industrial automation industry, and its importance cannot be overstated. Control valves play a vital role in regulating the flow of fluids, gases, and other materials within industrial systems. As such, they are essential in ensuring that industrial processes operate efficiently and safely. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=111759647 The control valve market is expected to grow significantly in the coming years, driven by increased industrialization and automation worldwide. According to a report by MarketsandMarkets, the global control valve market size is projected to reach USD 10.6 billion by 2025. It is expected to grow at a CAGR of 14.2% during the forecast period. This growth is attributed to various factors, such as the increasing demand for energy and the need to improve process efficiency and reduce operational costs. Different varieties of control valves exist, eac

Unlocking Human Behavior: The Rapidly Growing Eye Tracking Market

Although eye tracking technology has been available for a while, recent developments have expanded the applications it can be used for. Eye tracking is quickly becoming a crucial tool for professionals looking to understand human behaviour and decision-making in a variety of fields, including gaming, virtual reality, healthcare, and marketing. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=144268378 In order to detect the movement of the eyes and measure changes in pupil size, gaze direction, and other parameters, eye tracking uses sensors and cameras. You can utilise this information to find out what someone is looking at, for how long, and in what order. Measurements of cognitive load, attention, and emotional response can also be made using eye tracking. The Eye Tracking Market is expected to reach USD 1,098 million by 2025 from USD 368 million in 2020, registering at a CAGR of 24.5% during the forecast period. One of the main drivers of this g

Leak Detection Market for Oil & Gas by Technology, Medium, region and forecast to 2025

 Leak detection has grown in importance over the past few years in a variety of industries, including water management and oil and gas. Leak detection systems can support safety and environmental responsibility while preventing major losses in terms of both resources and money. As a result, the market for leak detection has expanded quickly and is predicted to do so in the years to come. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=33989203 The leak detection market is projected to grow USD 3.0 Billion by 2025, at a CAGR of 7.8% during forecast period. This growth can be attributed to several factors, such as increasing demand for oil and gas, rising concerns about pipeline safety, and growing awareness about water conservation. The market for leak detection is significantly fueled by the discovery and production of oil and gas. Oil and gas are transported and stored through pipelines and storage tanks, and finding leaks in these systems is esse

Metamaterial Market Set to Grow at the Fastest Rate- Time to Grow your Revenue

Metamaterials are a particular class of synthetic material intended to display characteristics not present in natural materials. These materials have attracted interest across a range of sectors, from aerospace and defence to telecommunications and healthcare, as a result of their distinctive properties and prospective uses. The metamaterial market has had recent years of tremendous growth, and it is anticipated that this trend will continue in the near future. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=139795737 The rising need for sophisticated materials across a variety of industries is one of the major reasons propelling the metamaterial market's expansion. Metamaterials have the potential to completely transform a number of sectors by making it feasible to create new, previously unimaginable technologies and gadgets. Metamaterials, for instance, can be used to build invisibility cloaks, which can bend light around objects to make them i

With 3.7% CAGR, Test and Measurement Equipment Market Growth to Surpass USD 33.3 billion

The Test and Measurement Equipment market is experiencing substantial growth, owing to the increasing need for testing equipment across various industries. Test and measurement equipment is used to measure, analyze, and test electronic and mechanical systems, components, and materials. The equipment is utilized in research and development, quality control, and maintenance activities. The market for Test and Measurement Equipment is expected to grow significantly in the coming years, with the increasing demand for electronic and communication devices. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=116452716 The test and measurement equipment market size is expected to reach USD 33.3 billion in 2026, growing at a CAGR of 3.7 % during the forecast period. The market growth is attributed to factors such as the increasing demand for electronic and communication devices, advancements in technology, and the need for efficient testing solutions. The demand

Farm Management Software Market Growth, Analysis, Latest Trends and Forecast till 2028

The global farm management software market is estimated to grow from USD 3.0 billion in 2023 to USD 5.1 billion by 2028 at a CAGR of 11.1% during 2023–2028. The market growth for farm management software is driven with rising usage of on-cloud systems for farm management, increased usage of sky drones and remote sensing for real-time farm data management, increased food demand with continuously increasing population across the globe. Another key driving factors are the rising implementation of AI and IoT in agriculture. The increased use of skydrones, remote sensing, and big data analytics in digital agriculture has boosted the demand and growth of this market. Initiatives taken up by government support in order to encourage agricultural techniques, livestock monitoring, to boost up the farm efficiency is further propelling the growth of this market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=217016636 The production planning segment to hold the

With 6.3% CAGR, NVH Testing Market Growth to Surpass USD 3.0 billion

 The NVH testing market is estimated to be worth USD 2.2 billion in 2023 and is projected to reach USD 3.0 billion by 2028, at a CAGR of 6.3% during the forecast period. The constantly growing vehicle production is a major factor driving the growth of NVH testing market globally. Moreover, stringent government regulations to control noise pollution is also an important factor contributing to the market growth. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=47022073 The emergence of advanced sensor technologies and the advancement of other technological trends have resulted in the increased adoption of NVH testing for autonomous and electric vehicles. Moreover, in recent years, the market players are also focusing on providing solutions for virtual NVH testing, vibro-acoustic holography, and active noise control. The emergence of new application areas for NVH testing is expected to provide growth opportunities for market players offering NVH testing

Utility Markers Market Set to Grow at the Fastest Rate- Time to Grow your Revenue

The global utility markers market size is anticipated to grow from USD 341 million in 2023 to USD 471 million by 2028, at a CAGR of 6.7% from 2023 to 2028. Electronic markers provide precise location as they can be easily tracked and mapped with the help of locators and software, hence providing reliable data for underground utilities. This helps in damage prevention during the process of digging, excavations, and construction projects. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=115631776 By type, the disk markers segment held the significant share of the utility markers market in 2022. Disk markers are in the shape of flat disks and find applications in locating flush-mounted facilities. These markers can be used in cement, wet soil, dry soil, and asphalt. Based on the manufacturer, they can be programmed or passively configured, with the operating depth ranging from 5 to 8 ft. For instance, 3M Company (US) provides extended-range disk markers

Key Market Dynamics in Smart Irrigation Market

Smart irrigation is a creative approach that uses technology to save water and increase crop production. By automating irrigation, the smart irrigation system enables farmers to use water more effectively and efficiently. The market for smart irrigation is expanding quickly, driven by the increased demand for effective water management strategies and the expanding world population. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=199758913 The smart irrigation market is projected reach to grow USD 2.3 billion by 2026 growing at a CAGR of 14.9 % during the forecast period. The growth of the market is attributed to the increasing adoption of smart irrigation systems in commercial and residential landscapes, as well as the agriculture sector. One of the main factors propelling the market for smart irrigation is the rising need for food production as a result of the expanding world population. Farmers can increase crop yields and quality while using wat

Agriculture Drones Market Growth, Analysis, Latest Trends and Forecast till 2025

 Over the past few decades, the use of drones has been increasing in various industries, and agriculture is no exception. Agriculture drones have revolutionized the way farmers work, making their job easier, more efficient, and cost-effective. Agriculture drones, also known as ag drones, are unmanned aerial vehicles (UAVs) equipped with cameras, sensors, and other technology to collect and analyze data about crops, soil, weather, and other variables. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=23709764 The agriculture drones market has been rapidly growing, and it is expected to continue to do so in the coming years. According to a report by Grand View Research, the global agriculture drones market size was valued at USD 864.4 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 35.9% from 2021 to 2028. This growth can be attributed to the increasing demand for food, the need to improve crop yields and efficiency, an