Friday, September 28, 2018

Global Printed Antenna Market : Growth Underpinned by Rising Adoption in Defense and Aerospace Industry

Neotech AMT GmbH, Shure Inc., nScrypt Inc., Optomec Inc., Optisys Inc., Cbham plc, GSI Technologies, Mars Antennas & RF System, Texas Instrument Inc., and Thales S.A. are the companies at the forefront of competition in the global printed antenna market, says Transparency Market Research in one of its recent reports.
A report by Transparency Market Research predicts the global printed antenna market to rise at a CAGR of 7.7% between 2017 and 2025. Progressing at this rate, the market is poised to display an opportunity of US$12.87 bn by 2025 increasing from US$6.66 bn in 2016.

Screen Printing Segment Garners Leading Revenue

The segments of the printed antenna market based on printing technology are ink-jet printing, screen printing, flexography printing, gravure printing, and others. The segment of screen printing leads the market in terms of revenue. This is because it uses radio frequency identification technique that allows printing on a large number of substrates such as paper, plastics, metal, ceramic, and others. The capability of screen printing to operate on rough surfaces augments its application for several verticals such as aerospace and defense, commercial sectors, and others. However, the segment of ink-jet printing is estimated to lead in terms of growth as the technology supports digital printing for electrical devices.

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Attributes of Efficient Data Transfer Catalyzes Growth  

The aerospace and defense held the leading share in the global printed antenna market in 2016 in terms of end use. This is because printed antennae in combination with radio frequency identification technology delivers high efficiency for data transfer, which is needed in aircrafts, spacecraft for navigation and for sharing of information. The increasing use of printed antennae in the pharmaceuticals sector as an add-on such as in blood flow monitoring devices, will bode well for this end-use segment over the forecast period,” says the lead analyst of the report.
From a geographical perspective, North America commands the global printed antenna market. The supremacy of the region is due to huge spending on aerospace and defense leading to the adoption of printed electronics for defense materials. Another notable factor for strong growth of the regional market is rising adoption of smart packaging.

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Automotive Refinish Coatings Market : A Well-Defined Technological Growth Map With An Impact-Analysis

The global automotive refinish coatings market is highly consolidated in nature with five companies holding an enormous share of 65% of the market in recent years, notices Transparency Market Research in a report. Two major companies in the market which are Axalta Coatings Systems, LLC and PPG Industries are holding a whopping share of 40% in the global market. Stringent rules and regulation pertaining to VOC emissions from coating particularly in Europe and North America have reduced the consumption of solvent-based coatings.
On the basis of product, the global automotive refinish coatings market is segregated into clear coat, primer, base coat, filler, activator, and others. Of these base coat holds the top position in market and is also expected to hold a share of 31% of the global market share by the end of the assessed period. On the other hand, activators segment is predicted to display a stellar growth during the above mentioned period which will ensue in a minimal rise in its share by 2024. North America is anticipated to hold the dominating position in the market.
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The ongoing trend has forced many manufactures to concentrate more on development of effective water-borne varieties of automotive re    finish coatings said an  TMR analysts. This trend is likely to have a significant impact on the market’s dynamics in future. It is expected that the global automotive refinish coatings market likely to display a robust 5.7% of CAGR during the forecast period 2016-2024. The market which was valued at US$6.6 bn in 2015 is likely to touch US$10.8 bn by the end of the assessed period.
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Rise in Disposable Income in Emerging Countries to Upkeep Sales Rate of Market
It is foreseen that the developing countries all across the world are likely to witness a surge in their automotive market over the years. Countries such as China, South Africa, India, and Brazil are likely to remain at the forefront of it due to rising population and increase in disposable income. The rise in automotive industries in these developing countries are likely to act as catalysts in the growth of automotive refinish coating market. Increasing sales of automobiles all across the world is having a direct positive influence on demand of the automotive refinished coatings.  Rise in awareness among consumers in the developing countries is supporting maintenance activities, which in turn is favoring the global flourishing automotive market.

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Growing Inclination towards Water-Based Products to Save Environment, Deters Market Growth

It has been noticed over the years numerous strict rules and regulations regarding emission have been levied for slacking down the usage of certain elements and chemicals in automotive refinish coatings. This has ensued in dwindling the sales of solvent-based products that includes higher levels of OCs in comparison to water-based products. Several efforts executed by the governmental and environment sustenance bodies are likely to increase the knowledge among consumers has resulted in a steep decline of sales in the solvent-based coatings in recent years.  Solvent based coatings being the high revenue generator in the market, drop in the sales of the segment cause a heavy blow in the overall sales of the market. Apart from this, erratic price of raw materials which are need for the production of automotive refinish coatings are anticipated to deter the growth of the market.

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This review of the market is based on a recent market research report published by Transparency Market Research, titled “Automotive Refinish Coatings Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016-2024.”

3D Radar Market : Recent Industry Developments and Growth Strategies Adopted by Players

According to a new market research report published by Transparency Market Research titled “3D Radar Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,”the global 3D Radar market is expected to reach US$ 27,919.8 Mn by 2026. The market value is anticipated to expand at a CAGR of 13.5% during the forecast period from 2018 to 2026.The market is expected to grow largely due to shift of industries to highly advanced surveillance systems, largely in the regions of North America and Europe.
Geographically, the global 3D Radar market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America leads the market with a share of more than 30% in 2017, followed by Europe with approximately 28% share. The dominating share in North America is mostly due to remarkable growth in the adoption of 3D Radar systems by the U.S government. In Asia Pacific, key countries contributing to the growth of the 3D Radar market are China, India, and Japan.
In Europe, some of the key countries contributing to the growth of the 3D Radar market are U.K., Germany, and France. The significant market growth in Europe is mainly due to the rising government activities to deploy technologically advanced surveillance systems. Governments in European countries have encouraged implementation of innovative radar systems, notably short-range radar (SRR) systems in cars that assist the driver in better localization of nearby objects, thus helping the EU’s goal to control road deaths.
Globally, the 3D Radar market is segmented based on component, platform, frequency band, and industry. In terms of component, the market is segmented into hardware, software, and services. Hardware segment holds the largest market share. Hardware segment is expanding rapidly due to the reduction in prices of raw materials and rising demand for lightweight and cost effective 3D Radar systems. Based on platform, airborne has the largest share in the market. This is due to the rising demand for warning systems in fighter aircrafts for identifying enemy aircraft and controlling air-to-air missiles, guns, and rockets. On the basis of frequency band, the S band of frequency spectrum is expected to be used significantly due to its major applications in military and defense.
In terms of industry, the government sector holds the largest market share and is expected to grow significantly during the forecast period. This is due to the increasing deployment of 3D Radar systems in defense systems and other warfare systems. Furthermore, 3D Radar systems are being deployed prominently for assessing weather conditions.
Key players operating in the global 3D Radar market are Airbus Defense and Space, BAE Systems plc, Harris Corporation, Honeywell International Inc., Leonardo S.p.A., Rockwell Collins, Lockheed Martin, Northrop Grumman Corporation, SAAB Group, and Thales Group.
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Lithium-ion Battery Market : Insights into the Competitive Scenario of the Market

According to a recent report by Transparency Market Research (TMR), the lithium-ion battery market is presumed to develop significantly in coming years. Companies like Samsung SDI Co., LG Chem Power INC., and Panasonic Corporation are leading the global market holding 57% of the 2016 overall share in the market. Many companies are emphasizing on developing products that includes updated electronic advancements and provides higher battery performance. Players are looking forward to additionally invest in a way so as to gain strategic advantage over their competitors.
TMR report analysis states the global lithium-ion market forecast to reach a valuation of US$77.42 bn by 2024 from US$29.68 bn of 2015. The market is projected to grow at an 11.6 % CAGR for the forecast period 2016-2024. Consumer electronics is presumed to contribute half of the overall global revenue during the forecast time span. It is emerging as the leading key segment application with swift pace and traction gain. Geographically, Asia Pacific is forecasted to grow swiftly with the booming consumer electronics industry and its instantaneous adoption of lithium-ion batteries in the market.
Fuel Substitution Leading to Emerging Popularity of Hybrid and Electronic Vehicles
Environment change concerns have brought about an urgent need for renewable energy resource adoption apart from reduced battery costs, diminishing solar photovoltaic costs and positive government motivation. With the introduction of electric batteries, fuel have been substituted hence giving hybrid and electric vehicles an opportunity to develop further. Besides, the strict policies of the government implied on exhaust standards specifically provides goal to reduce polluting factors and protect the environment. These factors are likely to contribute in fueling the growth of the global lithium-ion market in the years to come.
Lack of Awareness about Lithium-ion Benefits may pose Challenge in Long Run
While Lithium-ion batteries hold equal importance for both government funding agencies and industries, the ability of these batteries to store portable energy in the long run is uncertain.
Although Lithium batteries are expensive at present but the shortage of some transition metals present in these batteries may eventually become an issue. The electric vehicle market of China is also expected to witness a significant friction in the coming years. As compared to conventional lead acid batteries, the high cost of Lithium-ion batteries and lack of awareness with regard to its benefits may pose a threat to its growth in global market.

Tire Market for Automotive Expected to Surpass US$ 190 Bn, Globally, by 2026

Transparency Market Research has published a new report titled, “Tire Market for Automotive – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026”. According to the report, the global tire market for automotive is anticipated to surpass US$ 190 Bn by 2026, expanding at a CAGR of more than 3 % during the forecast period.
Rise in sales of vehicles in developing countries in Asia Pacific and Latin America is anticipated to drive the global tire market for automotive. Rise in sales of SUVs and crossover vehicles, due to change in consumer preference for high clearance and sporty vehicles, is fueling the demand for automotive tires. SUV and crossover vehicles contributed to 34% of total vehicle sales in China and 42% of total vehicle sales, respectively, in 2017.
Increase in competition among automakers is compelling them to increase the number of models and offer numerous tire options based on rim size and aspect ratio. Rise in consumer demand for SUVs and higher rim size vehicles is shifting the demand from low rim sizes to high rim size tires. Increase in disposable income of consumers is boosting the sales of luxury and premium vehicles, which in turn is fueling the demand for low profile or tires with aspect ratio between 35 and 55. Europe & North America being developed regions are lucrative markets for low profile or tires with aspect ratios between 35 and 55. Low profile tires that have aspect ratios between 35 and 55 are esthetically appealing, as they have larger rims and thinner tire walls. Low profile tires also provide better braking and cornering and hence, are gaining increasing popularity among premium car manufactures. Development of infrastructure and rapid economic expansion in Asia Pacific and Latin America are expected to fuel the demand for luxury vehicles and low profile tires.
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In developing regions such Asia Pacific and Latin America, commercial vehicles are undergoing a radialization, i.e., shift in preference toward deployment of radial ply tires. Commercial vehicles in these regions are predominantly incorporated with bias ply tires; however, they are shifting to radial ply tires. Therefore, demand of radial ply tires in commercial vehicles is estimated to rise significantly.
North America & Europe are lucrative markets for winter tires, as winter tires are mandatory in several countries in Europe such as Norway, Russia, and Latvia. North America, Japan, and China also witnessed significant increase in sales of winter tires sales and hence, are anticipated to witness a steady demand. Automotive tires in Europe, Japan, Brazil, and South Korea are required to be labeled according to noise, fuel efficiency, and rolling resistance. A similar labelling is likely to be adopted by other regions, which in turn is expected to boost the tire market for automotive.
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Global Autonomous Car Market: Constant Technological Innovations to Create Lucrative Opportunities

The strong presence of competitors will characterize the global market for autonomous cars, finds a new study by Transparency Market Research (TMR). Tesla Motors Inc., Nissan Motor co., Ltd. and Waymo LLC are expected to lead this market in future. The high degree of product differentiation will maintain the high degree of competition between the players.
According to TMR’s estimations, the shipment volume of autonomous cars will reach 0.60 mn units in 2025. Rising at a phenomenal CAGR of 47.50% during the period from 2025 to 2035, the shipment volume is likely to increase to 29.31 mn units by the end of the forecast period. Level 3 autonomous cars are likely to witness the most prominent demand across the world during that period.
PDF brochure For Future Advancements @ https://www.transpThe strong presence of competitors will characterize the global market for autonomous cars, finds a new study by Transparency Market Research (TMR). Tesla Motors Inc., Nissan Motor co., Ltd. and Waymo LLC are expected to lead this market in future. The high degree of product differentiation will maintain the high degree of competition between the players.
According to TMR’s estimations, the shipment volume of autonomous cars will reach 0.60 mn units in 2025. Rising at a phenomenal CAGR of 47.50% during the period from 2025 to 2035, the shipment volume is likely to increase to 29.31 mn units by the end of the forecast period. Level 3 autonomous cars are likely to witness the most prominent demand across the world during that period.
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With Comparatively Faster Adoption of Autonomous Cars, North America to Take Lead
The geographical analysis of the global market for autonomous cars has also been provided in this research study. Analysts have considered North America, Europe, Asia Pacific, South America, and the Middle East and Africa as the main regional markets for autonomous cars. As North America is anticipated to experience a comparatively faster uptake of autonomous cars, it is likely to witness a higher growth rate than other regional markets during the forecast period.
Asia Pacific is also expected to exhibit steady growth in the demand for autonomous cars during that period on account of the rising awareness among consumers pertaining to the advancements in technology and the substantial upswing in their disposable income. In this region, the level 3 autonomous cars are anticipated to account for the most prominent share of total demand volume, thanks to the forthcoming infrastructural development in the information and communication sector in China, Singapore, and Japan.
Apart from this, the Asia Pacific market for autonomous cars is also projected to gain significant impetus from the high population residing here. Researchers predict economies with sharp increasing geriatric population, such as Japan and China, will emerge to be the early adopters of autonomous cars in Asia Pacific, states the research study.
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With Comparatively Faster Adoption of Autonomous Cars, North America to Take Lead
The geographical analysis of the global market for autonomous cars has also been provided in this research study. Analysts have considered North America, Europe, Asia Pacific, South America, and the Middle East and Africa as the main regional markets for autonomous cars. As North America is anticipated to experience a comparatively faster uptake of autonomous cars, it is likely to witness a higher growth rate than other regional markets during the forecast period.
Asia Pacific is also expected to exhibit steady growth in the demand for autonomous cars during that period on account of the rising awareness among consumers pertaining to the advancements in technology and the substantial upswing in their disposable income. In this region, the level 3 autonomous cars are anticipated to account for the most prominent share of total demand volume, thanks to the forthcoming infrastructural development in the information and communication sector in China, Singapore, and Japan.
Apart from this, the Asia Pacific market for autonomous cars is also projected to gain significant impetus from the high population residing here. Researchers predict economies with sharp increasing geriatric population, such as Japan and China, will emerge to be the early adopters of autonomous cars in Asia Pacific, states the research study.
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Rising Need to Identify Zero-day Vulnerabilities will Bolster Investments in Cyber Weapons

Several companies operate in the global cyber weapon market, among which The Boeing Company, Lockheed Martin Corporation, General Dynamics Corporation, Raytheon Company, BAE Systems plc, and Northrop Grumman Corporation are identified as the key players in a report by Transparency Market Research (TMR).
The defensive cyber weapon segment in the market is highly fragmented due to the existence of numerous companies offering high-tech cyber-security services. Contrary to this, only a handful of companies such as Hacking Team and VUPEN Security offer offensive cyber weapons. This has in turn resulted into a consolidated vendor landscape in the offensive cyber weapon segment.
According to TMR, the global cyber weapon market stood at US$390 bn in 2014. Rising at a CAGR of 4.4% CAGR, the market is expected to reach US$521.87 bn by the end of 2021. With a share of 73.8%, the defensive cyber weapon segment dominated the market by type in 2014. Regionally, North America accounted for the leading share of 36% in the global market in 2014.
“Besides exploring strategic collaborations and partnerships, the leading companies in the market are investing in the research and development of advanced solutions,” said a lead TMR analyst. Many of these companies are planning to expand their geographical footprint by expanding their existing product portfolio.
Cyber Weapons Sales Expected to Rise as Traditional Arms Manufacturers Venture in the Market
The incidence of cybercrimes, security breaches, and data thefts has been rising at a significant pace. Compelled by this, organizations around the world have increased their investment to identify zero-day vulnerabilities. The existence of a hole in software that is not known to developer becomes an uncorrected software application vulnerability that could be exploited to affect consumer programs, data, and network. Identification of these vulnerabilities are important to prevent extremist groups from using them.
Governments, intelligence agencies, and other organizations have spiked their investment to identify zero-day exploits and use them against enemy networks when necessary. With an aim of capitalizing on the prevalent trend, several traditional arms manufacturing companies are expanding their businesses in the cyber security segment. This will in turn fuel the development of cyber weapons.
The market is also expected to gain from the increasing demand for security across critical infrastructure and utilities. Cyber weapons can launch attacks against critical infrastructure and disrupt vital services of an economy. Primary economic sectors therefore attach utmost importance to intellectual property and information and technology. This is a prime factor fuelling demand from the cyber weapon market.

Non-Destructive Testing Equipment Market is expected to reach USD 4.78 Billion in 2021

According to a new market report published by Transparency Market Research “Non-Destructive Testing Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021,” global non-destructive testing equipment market was valued at USD 3.21 Billion in 2014; growing at a CAGR of 5.8% from 2015 to 2021 to account for USD 4.78 Billion in 2021.
Non-destructive testing are exercised for determining the physical properties of materials such as ductility, ultimate tensile strength and fracture toughness. The non-destructive testing is used to ensure product reliability and integrity to control manufacturing processes. In addition, stringent government safety regulations for quality control, ensure safety and reliable performance of the machines, and increasing demand to improve quality and longevity of the machines are the major factors that are driving the non-destructive testing equipment market globally. However, lack of skilled technicians is posing a challenge to the growth of non-destructive testing equipment market.
The global non-destructive testing equipment market is segmented on the basis of technology, into ultrasonic testing, radiography testing, electromagnetic testing, visual testing and others (including magnetic particle testing and liquid penetrant testing). Ultrasonic testing led the global non-destructive testing equipment market in the year 2014. Key growth factors driving the ultrasonic testing market are its wide usage in steel and aluminum, construction, manufacturing, aerospace and defense and automotive sectors.
By end use industry market is divided into following segments: power generation industry, oil & gas industry, aerospace and defense industry, automotive industry and others (including plastic and polymer, and medical). As of 2014, power generation sector was the largest contributor in the global non-destructive testing equipment market. The main factors driving this growth of the power generation industry are increasing number of nuclear power plants and the subsequent increasing demand for machines used in power generation plants.

Global Industrial Robotics Market to Reach a Value of US$147.7 bn by 2019 as Manufacturers Prioritise Industrial Productivity

The global industrial robotics market has continually expanded due to the ardent efforts of the market players to bring about key innovations. The competitive landscape of the market shows a moderately fragmented picture wherein the large players are doing commendably well while the small- and medium-sized players are striving to capture a greater market share. It is anticipated that the market would witness the introduction of new and advanced models of robots that can aid the industrial setup across several areas of business. Furthermore, the market players are gradually venturing into providing customized solutions that would further enhance their chances of growth and development. Hence, the growth trajectory of the major market players is expected to take a leap over the forthcoming years which could in turn give an impetus to the growth of the global market. With regards to the extrinsic business strategies, the major market players have already started resorting to mergers and acquisitions to capture a greater market share. Furthermore, the market players are also expected to expand their product portfolio to cater to all the industrial domains. The leading players in the global market for industrial robotics include Kawasaki Robotics, Omron Corporation, Schneider Electric SA, Siemens AG, Invensys plc., Rockwell Automation Inc, and Mitsubishi Electric Corporation. These market players are anticipated to play a decisive role towards the growth of the global market.
Transparency Market Research (TMR) estimates that the global market for industrial robotics would be valued at US$147.7 bn by 2019, and the market is projected to expand at a CAGR of 6.2% from 2014 to 2020. The findings of the researchers at TMR are encapsulated in a market research report on the global market for industrial robotics. Based on the end-use industry, the global market is expected to be lead by the automotive industry.

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Quest for Enhanced Productivity Propels Demand

In the contemporary times of rapid industrialization, all businesses want to enhance the productivity of their operations. Due to the success of customized industrial robots in accelerating the wheel of production across industries, the manufacturers are swift to adopt industrial robotics within their framework. Hence, the demand within the global market for industrial robotics is expected to reach new heights over the forthcoming years. Furthermore, the deployment of industrial robotics across industries also minimizes the possibility of errors and undue externalities. This in turn ensures the safety and wellbeing of the employees by preventing accidents or hazards within the premises.

High Initial Investment Could Hamper Market Growth

Although there is no contention about the effectiveness of industrial robots in bringing about enhanced productivity and accelerating industrial processes, the market is still faces threats from several factors. Primarily, adoption of industrial robotics within a company’s framework requires heavy initial investment which often discourages manufacturers to resort to it. Moreover, the high costs make it impossible for small and emerging manufacturers to induct industrial robotics within their areas of operation. Besides this, the lack of skilled professionals who can operate industrial robots also hinders the growth of the global market for industrial robotics. Nevertheless, the rapid pace of industrialization across the globe is expected to keep soaring demand within the market.

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Home Energy Management Systems (HEMS) Market to Grow at Exponential CAGR of 25% till 2019 due to Rising Demand for Energy Conservation

The featured report from Transparency Market Research (TMR), titled “Home Energy Management Systems Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019”, offers key insights on the market. According to this report, the global home energy management systems (HEMS) market will expand at a remarkable CAGR of 25.0% during the forecast period from 2013 to 2019. In 2012, the global home energy management systems market was worth US$393.8 million and by 2019, the market is projected to be worth US$1,909.4 million.
The report evaluates the world energy market scenario. The report discusses how rising electricity prices worldwide have prompted homeowners to seek alternative means of monitoring and controlling their electricity use. The rising need for saving energy and controlled utilization of energy is expected to drive the demand for home energy management systems (HEMS) in the foreseeable future. Moreover, the variable pricing schemes offered for electric distribution in various regions are also fueling the global HEMS market. In addition to this, the rising connectivity and accelerating smartphone applications will drive the global home energy management systems market.

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By functionality, the global home energy management systems (HEMS) market is divided into control devices, enabling technologies, and user interface. Even though control devices such as home lighting and automation and thermostats are dominating the market, enabling technologies are projected to witness the fastest growth in the foreseeable future.
Technology-wise, the global home energy management systems (HEMS) market is segmented into Wi-Fi, Z-Wave, HomePlug, ZigBee, and others such as Wavenis, Insteon, Ethernet, and EnOcean. ZigBee is projected to grow at the highest CAGR, surpassing Wi-Fi as the major technology during the forecasting horizon. This is due to the growing demand of ZigBee in key markets such as North America and Europe. ZigBee is more scalable, compatible with HAN devices, and interference-tolerant as compared to Wi-Fi.

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Growing Safety Concerns to Propel Global Biometrics Technology Market to US$23.3 bn by 2019

The global biometrics technology market is progressing at a CAGR of 20.80% within a forecast period from 2013 to 2019. This growth spurt is likely to boost the market to US$23.3 bn by 2019, according to a research report released by Transparency Market Research. The report, titled “Biometrics Technology Market – Global Industry Analysis Size Share Growth Trends and Forecast 2013 – 2019”, is available on the company website.

The key driver of the global biometrics technology market, as stated in the report, is the growing level of concern over national and personal security. Developed economies have already adopted preventive measures – including the use of biometrics – to combat the rising wave of terrorism and crime. The global biometrics technology market provides a major advantage over other security measures; it uses permanent and universal identification methods. This includes human DNA, fingerprints, facial recognition, iris details, and even typing rhythms.

The global biometrics technology market was dominated by the non-AFIS segment on the basis of application. The segment led the global biometrics technology market in 2012 owing to is user-friendly operation and cost-effectiveness. The report also states that non-AFIS systems are convenient and flexible in comparison to other application segments. They are also preferred due to their lack of major maintenance.The report adds that the future of the global biometrics technology market may be reliant on the largely untapped segment of iris recognition. Such systems are widely used for access control and high-end security, due to their unobtrusive nature and the non-requirement of contact with a person for identification.

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 From a geographical perspective, the global biometrics technology market is currently dominated by North America and Europe, owing to their early adoption of advanced technologies and matured markets. Both regions have expressed increasing concern over security threats, terror attacks, and crime rates, due to which there is an increase in the number of government-funded or approved projects for the same.The issuance of e-passports and establishment of national identification programs in several countries are the major factors responsible for the growth of the Asia Pacific biometrics technology market. South Korea, Israel, Indonesia, China, and India have been rapidly implementing these security measures.

Key players in the global biometrics technology market, as stated in the report, are DigitalPersona, BIO-Key International, NEC Corporation, 3M Cogent, and Safran Morpho. The global biometrics technology market is a highly consolidated one, with the NEC Corporation and Safran Morpho holding major stakes in it.The top companies in the global biometrics technology market are expected to maintain their rates of expansion in terms of consumer base through product innovation and strategy alliances. The larger companies are expected to boost investments in research and development.

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Global Managed Security Services Market to Reach US$24,127 Mn due to Emergence of Cloud-based Managed Security Services

Transparency Market Research (TMR) has published a research report on the global managed security services market, forecasting that the market will expand at a CAGR of 15.40% during the period from 2013 to 2019 and reach a value of US$24,127.1 mn by the end of the forecast period.The market study, titled “Managed Security Services Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2013 – 2019”, states that the worldwide managed security services market stood at US$9,249.7 mn in 2012.

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Among these, the market for cloud-based services leads the global market on account of the ease of installation and low maintenance cost. The report further states that this market segment is expected to retain its position in the global managed security services market during the forecast period.The banking & financial services and insurance (BFSI), healthcare, manufacturing, government & utilities, retail, telecom & IT, education, R&D, and hospitality sectors are the key end users. The report also cites that network security, business continuity, access control, confidentiality, compliance, and risk assessment are the major application areas of managed security services.

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Global Medical Device Connectivity Market Finding Great New Opportunities in APAC

According to the findings of a business intelligence study by Transparency Market Research (TMR), the medical device connectivity market is poised for strong excellence in the near future, while projecting the demand to expand at an exuberant CAGR of 37.8% during the forecast period of 2013 to 2019. Revenue-wise, the analyst of the report has estimated that the global medical device connectivity market will attain a value of US$33.5 billion by the end of 2019.

While representing the sheer potential of the market for medical device connectivity, the analyst has also highlighted that most of the shares are consolidated among a handful of well-established players who have been catering to demands for since a long time. The report has identified GE Healthcare, Qualcomm Life, Philips, Cerner Corporation, and NantHealth as some of the most prominent players who are currently ahead of the curve. This players are also among the leaders in the medical device industry and their products are efficient at interconnecting within themselves and work on a globally recognized patterns. The report has been developed for targeted audiences such as hospitals and clinics, assisted-living facilities and home-settings, home care agencies, pharmacies, diagnostic and imaging centers, and healthcare bodies.

Based on component, the report segments the medical device connectivity market into wireless hardware including Wi-Fi, Web Map Tile service (WMTS), and Bluetooth, wired hardware, and software. Among these, the wired hardware segment continues to provide for the most prominent chunk of demand. That being said, the wireless technology is primed to gain strong adoption in the MDC market owing to the flexibility and portability they offer. Among the wireless hardware segment, Wi-Fi has been identified as the key sub-segment.

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End user bifurcation of the market has been done into home healthcare, hospitals, and others. Presently, hospitals are provide for a landslide share of demand and are expected to hold onto their prominent position, although home healthcare segment is exhibiting stronger growth rate. Geographically, the developed country of the U.S., which has strong rate of adoption of new technologies, is expected to sustain North America are most lucrative region, followed by Europe. However, emerging economies of Japan, China, and Japan are expected to propel the demand from Asia Pacific at an above-average growth rate.

Some of the key factors that will augment the demand in the global medical device connectivity market are: increasing penetration of EHRs, need for healthcare information exchange at a rapid rate, growing focus on the quality of care keeping patient safety at paramount, growing need to reduce healthcare costs, and increasing usage of medical devices for data analytics. On the other hand, high cost of deployment that is not welcome by small healthcare organizations, reluctance of medical practitioners to move beyond traditional methods, issues pertaining to integration between diverse devices, and data security concerns are obstructing the market from attaining its true potential. That being said, growing fields of telehealth and remote patient monitoring is anticipated to open new revenue avenues in this market.

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Distributed Control Systems Market: Oil and Gas Industry Top End User with 20% Revenue Share

Transparency Market Research’s report “Distributed Control Systems Market – Global Industry Analysis, Size, Share, Trends And Forecast 2012 – 2018” delivers key insights of the DCS market. According to this report, the global distributed control systems market is estimated to reach a market value of US$19.8 billion by 2018 and demonstrate a CAGR of 3.9% during the forecast period from 2012 to 2018.The global distributed control systems market is majorly driven by its elevated use in the oil and gas industry. The report states that the oil and gas industry in the global distributed control systems (DCS) market will reach an estimated value of US$5.1 billion by end of 2018.
The oil and gas industry is the leading end user of the distributed control systems (DCS) market and contributed to 20% of the market revenue. However, it is expected that the demand for power which falls under the other end user segment will outpace the oil and gas industry in terms of share in the coming few years. This shift will occur due to the rapidly growing acceptance of distributed control systems in the power industry. The power plant segment in the global distributed control systems market will grow at the highest CAGR of 5% during the forecasting horizon.Other end-user industries of the global distributed control systems (DCS) market are chemicals, metal and mining, waste and wastewater treatment, pulp and paper, pharmaceutical, and other process industries. These industries are witnessing a rising demand for manufacturing owing to which their power consumption has significantly increased. As a consequence, the increment in power demand will also fuel investments from a number of state-owned bodies in the global distributed control systems (DCS) market.

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By component type, the global distributed control systems market is classified into DCS services, DCS software, and DCS hardware. DCS software stood out as the largest sector in the global distributed control systems (DCS) market, and held over 50% share in 2012. However, DCS hardware is anticipated to emerge as the fastest growing sector due to growing number of replacement and upgrades of systems. The majority of distributed control systems were set up during the 1980s in the industrialized regions of North America and Europe. However, most of these regions are now older than 20-30 years and in need for upgrade. The trend of replacing these old systems with efficient distributed control systems is rapidly gaining pace, which will boost the DCS hardware component sector.

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Geographically, the global distributed control systems (DCS) market is divided into North America, Europe, Asia Pacific, and Rest of the World (RoW). In Asia Pacific, several industrializing countries have resulted in a high demand for distributed control systems. With the advent of open-source solutions, subject matter experts can take advantage of DCS software, which is another factor driving the global DCS market.

The global distributed control systems (DCS) market is witnessing a number of M&As. Notable companies operating in the global distributed control systems market are ABB, Siemens, Yokogawa, Honeywell, Emerson, Invensys, and Rockwell. Presently, ABB Ltd. is leading the market followed by Siemens AG and Honeywell.

Mobile Content Market driven by Mobile Gaming Expected to Reach US$18.6 Bn

According to a market study, published by Transparency Market Research (TMR), a market research and intelligence firm, the global mobile content market is likely to expand at an impressive CAGR of 19.0% during the period from 2011 to 2017 and reach a market value of US$18.6 bn by the end of the forecast period.The global market for mobile content stood at US$6.5 billion in 2011, states the report, titled “Mobile Content Market – Global And U.S. Industry Analysis, Size, Share, Trends And Forecasts 2011 – 2017”.

The worldwide market for mobile contents is distributed among North America, Europe, Asia Pacific, and the Rest of the world, cites the research study. According to it, North America leads the global mobile content market and is followed by the market in Asia Pacific. The availability of cost-efficient consumer equipment, together with availability of sufficient funds, has fueled the mobile content market in North America to a great extent and is expected to boost the market further during the forecast period.

Additionally, the report identifies the U.S. as the largest market for mobile contents in North America as well as across the globe. In 2011, the U.S. mobile content market contributed the 30.30% of the revenue generated by the market in global arena. The market share held by the U.S. is estimated to rise to 41.10% by the end of the forecast period due to rising uptake of mobile contents in the country.

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The research report classifies the global mobile content market on the basis of types of mobile content into gaming, music, and video. Among these, the mobile gaming market has generated the highest revenue in recent times, capturing the leading position in the global market. In 2011, this market segment accounted for 53.30% of the overall market in terms of revenue.

The main objective of preparing this research report is to provide a comprehensive overview of the global market for mobile contents to market players, consultants, as well as stakeholders. The analyses provided in this market study will assist them understand the prevailing trends in the global market and make strategies accordingly for further expansion of their businesses.

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Global Deep Packet Inspection Market to Expand with a CAGR of 36.6% due to Growing Demand for Improved Surveillance Technology

The global deep packet inspection market has highly fragmented landscape, observes Transparency Market Research (TMR). Some of the key players operating in the deep packet inspection market are Procera Networks, Inc., Allot Communications, Sandvine Incorporated, Bivio Networks, Inc., and Qosmos, among others. These key players are adopting product launch as the key strategy to enhance their market presence and improving product portfolio.

Growing Demand for Safety Systems to Emerge as Key Growth Driver

DPI is a kind of surveillance technology that allows internet service providers (ISPs) to keep a track of the content produced over data packets in real time. DPI technology offers the best solution to deal with internet-related issues and cybercrimes all at once. With the increasing usage of internet-enabled devices such as laptops, smartphones, and tablet PCs, there has been a surge in cybercrimes and network traffic as well. These factors negatively impact the speed of devices and majorly take a toll on the quality of service, leading to several security issues. Hence, over the years, advancements in DPI technology have helped control, monitor, and secure network operations, making the cyber world safer.

The rising number of incidents of cyber threats, growth in data processing power, and substantial research and development and resultant technological advancements in DPI technology are some of the critical factors contributing majorly to the overall market.

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Conductivity of Many Substrates to Limit Adoption

The growing number of broadband users across the globe, constant pressure on service providers for providing better services, and increasing mobile device penetration are additional growth factors discussed comprehensively in the report. Through the rapid adoption of DPI technology, consumers are able to ensure data security and law enforcement and take effective measures against terrorism.

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Thursday, September 27, 2018

Global Offshore Drilling Rigs Market : Emergence of Technologically Sophisticated Products Drives Demand

To stay ahead of the curve in a moderately competitive market, players are adopting various astute strategies in the global offshore drilling rigs market. For example, they are banking big time on latest technological progress to come up with more effective products that can achieve the task of creating holes in the earth subsurface to discover and extract oil. Then again, they are resorting to joint ventures and carefully-considered partnerships.

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Energy hungry countries compelled to rely on non-conventional sources is benefitting the global offshore drilling rigs market. Energy production, today, still largely relies on burning of fossil fuels that are mainly buried deep in the Earth’s crust, in rock formations, and deep in oceans. Almost one-third of the oil and gas produced across the world is sourced from offshore reserves. From the first oil rigs built in the late 1800s that could tap oil and gas reserves in shallow waters close to the coastline, the oil rigs that are used today are suitable for waters that are more than 7,500 feet deep and can be as much as 200 miles away from the nearest shore.

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Offshore oil production which was complicated at one time is increasingly becoming routine. At present, there are almost 900 large-scale oil and gas platforms that are used for the exploration of deep-water reserves.

As per the U.S. Energy Information Administration, in 2015, more than 27 million barrels of oil was produced offshore across 50 countries. The world’s largest offshore oil producing countries are Saudi Arabia, Brazil, Mexico, Norway, and the United States.

Automotive Micro Switch Market is driven by The Growing Automotive Industry

An automobile is made up of a number of components that are connected via micro switches that are specifically designed to function as a sensor for the presence or absence of another condition. With the right micro switch, automotive industry players can build better products with different configuration of terminations, actuators, and wired connections. As the automotive industry touches new peaks in the emerging economies and the growing prospects of electric vehicles in developed countries, the market for automotive micro switches is primed for a profitable future. According to a recent business intelligence study by Transparency Market Research (TMR), the global automotive micro switch market will be worth US$4,282.2 million by the end of 2025, with the demand expanding at a notable CAGR of 5.1% during the forecast period of 2017 to 2025.

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As per the findings of the TMR report, the global shares in the automotive micro switch market are distributed among a large pool of players, and newer players are frequently eating out a share of pie owing to low entry barriers. These micro switches are cost-effective, and do not require extensive technological expertise to be built. That being said, the analyst of the report has identified Honeywell Sensing and Productivity Solutions, Alps Electric, Johnson Electric Holdings Ltd., Panasonic Corporation, C&K Components Inc., OMRON Corporation, Crouzet Automatismes SAS, CAMSCO Electric Co. Ltd., TE Connectivity, The APEM Group, Microprecision Electronics, and Knitter Switch as some of the notable companies ahead of the curve. To gain an edge over their competitors, these players are frequently indulging in mergers and acquisition, as it helps them strengthen their supply chain as well as find new customers.

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Based on type, the market for automotive micro switch market has been segmented into door interlock switches, reset switches, ultra-miniature micro switches, sub-miniature micro switches, double pole double throw micro switches, single pole standard precision micro switches, general purpose micro switches, and standard micro switches. End users studied under this study are retail, automotive, industrial, consumer electronics, and others. Geographically, the analyst of the report has highlighted Asia Pacific as the region that will continue to formulate for the most prominent chunk of the demand in the near future.
 

Marine Actuators and Valves Market -The Increasing Demand For Advanced Valves In The Marine Sector

On being highly fragmented where the top 10 players held a meager 20% share in 2016, the global marine actuators and valves market witnesses several mergers and acquisitions at a given time frame. Considering the competitive rivalry among the leading players, consolidation of market share is a key strategy adopted by companies to gain competitive edge. For instance, Cameron International Corporation was acquired by Schlumberger Limited in 2015, following which the later benefited from a valuable expansion of its existing product portfolio, finds Transparency Market Research (TMR) in a new study.


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Some of the other prominent names in the global marine actuators and valves market are Tyco International Ltd., Honeywell International Inc., Emerson Electric Co., and Flowserve Corporation. These companies also constitute the top four market players. Overall, the global marine actuators and valves market is projected to reach US$4.43 bn by the end of 2025. In 2016, the market stood at US$2.64 bn. If these figures hold true, the global marine actuators and valves market will exhibit a CAGR of 5.9% between 2017 and 2025.

Based on type, the overall market can be bifurcated into actuator and valves. Of these, valves held the larger share in the market, however, over the course of the forecast period, the actuator segment is expected to report a higher CAGR of 6.4%. Regionally, North America, Europe, Asia Pacific, South America, and the Middle East and Africa are the key market segments. Among these regions, Asia Pacific held the largest share in the market in 2016. By the end of 2024, market share held by Asia Pacific is likely to reach 44.4%.

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High Speed Serial Switch Fabrics Market Feeding off Increased Defense Budgets of Emerging Economies in APAC

High speed serial fabrics have been a boon for the industries such as defense and aerospace that require embedded parallel processing architectures for diverse applications including signal intelligence, radars, and electronic warfare. For aerospace and defense industries, it is essential to transfer humongous amounts of data in swiftest and quickest manner possible. As the defense budgets of several emerging economies have been increment by the respective governments, and the aerospace industry is touching new heights are a result of globalization, the market for high speed special switch fabrics market is poised for potent profits.

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According to a recent business intelligence study published by Transparency Market Research (TMR), the demand in the global high speed serial switch fabrics market will increment at a notable CAGR of 12.3% during the forecast period of 2017 to 2025. Revenue-wise, the market is estimated to attain a value of US$1,156.2 million by the end of 2025.

The analyst of the report has picked out Intel Corporation and Cisco Systems Inc. are the two companies who are currently holding major shares in the global high speed serial switch fabrics market. That being said, the competition pyramid also has several small players who come up with niche technologies to make a mark in the market. Major players generally indulge into merger and acquisition activities to maintain their stronghold. One of the instance can be the merger of Broadcom Corporation with Avago Technologies Ltd back in 2015. This helped Broadcom to overcome debts as well as improve its overall business outlook.

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Apart from that, product innovation is another key mode of gaining greater shares in the high speed serial switch fabrics market. For instance, in January 2017, Xilinx launched XMC modules based on Kintex Ultrascale Technology for radar phased array application.

Based on product type, the report segments the high speed serial switch fabrics market into VLAN switching, network core switching, layer switching, and others. Application-wise, the market has been bifurcated into audio and video transmissions, security, data center consolidation, and others. Geographically, North America has been identified as the region with maximum demand potential, which is a reflection of the presence of several pioneering companies in the U.S. That being said, emerging economies in Asia Pacific are primed to generate potent demand over the course of the forecast period.

Optical Position Sensors Market -The Increasing Demand For Smart Electronic Devices

Competition in the global optical position sensors market is red hot. In order to outshine competitors in such an environment, savvy companies are leveraging multi-pronged strategies. For instance, they are focusing on offering technologically superior products by investing heavily in research and development. Another strategy deployed by them to increase sales and revenues is competitive pricing. Optical position sensors manufacturers are also increasing their production capacities either by expanding existing units or building new ones in order to cater to the surging demand in the market.

Some of the prominent players in the global market for optical position sensors are Sharp Corporation, First Sensors AG, Hamamatsu Photonics K.K., and Micro-Epsilon.
A report prepared by Transparency Market Research, after thorough primary and secondary research, predicts the market to attain a value of US$2.25 bn by 2023-end.

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Application-wise, consumer electronics leads the global market for optical position sensors. The segment is expected to rake in a revenue of 51.2% in 2023. One of the reasons behind it is the spike in the use of smart electronic devices in which optical position sensors form a crucial component. Other key application segments in the market are defense, aerospace and automobiles

Geographically, some of the prominent regions in the global market for optical position sensors are North America, Asia Pacific, Europe, and the Rest of the World. Asia Pacific, of them, holds a dominant position in the market at present and in the near future too would likely retain its place due to the ever-increasing demand for smart electronic devices in the region on the back of a burgeoning middle-class having increased capacity splurge. By 2023-end, the market is expected to attain a valuation of US$886.3 mn.

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In-flight Autopilot Systems Market- Increase The Scope Of Automation In Aircrafts


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As per the research report, the global market for in-flight autopilot systems is expected to offer an opportunity worth US$8.14 bn by 2021 end, expanding at a CAGR of 4.0% during the period from 2015 to 2021. North America, Asia Pacific, the Middle East and Africa, Europe, and Latin America have surfaced as the key regional markets for in-flight autopilot systems across the world. With the increasing demand for in-flight autopilot systems, North America has been registering a lead over all the regional markets for in-flight autopilot systems. The trend is expected to continue in the years to come, with the North America market acquiring more than 45% by 2021. Europe is also projected to report significant growth in its market for in-flight autopilot systems, notes the research study.

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Automated Optical Metrology Market-The Demand For Automated Optical Metrology

KLA Tencor Corporation, ASML Holding N.V., and Steinbichler Optotechnik GmbH, the three top providers of automated optical metrology services, collectively held a share of 39.4% of the market value in 2014, states Transparency Market Research (TMR) in a new report.

The key competitive strategy employed by most top players in the automated optical metrology market is driving company growth through constant product innovation and development. Transparency Market Research states that innovation for new products is a necessity in this market to maintain a strong foothold within its stiff competitive landscape. Apart from this, companies are also focusing on mergers and acquisitions. Close to half the market shares were held by regional players in 2014, and key players can look for opportunities in regional expansion through this fragmented set.

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Industries have to adhere to the various quality standards set by each region. The growing rate of standardization for quality control on an international level is therefore allowing players from the automated optical metrology market provide invaluable services for the same.

The standards for automated optical metrology services themselves, however, are lacking a sturdy universal measurement foundation. This could continue to hamper the growth of automated optical metrology players until a standard is maintained.

It is owing to these factors that the global automated optical metrology market is expected to expand at a CAGR of 7.6% from 2015 to 2021. This market is expected to accrue a revenue of US$1.565 bn by the end of 2021.

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Circuit Breakers and Fuses Market is expected to reach USD 31.11 Billion in 2021

According to a new market report published by Transparency Market Research “Circuit Breakers and Fuses Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021,” the circuit breakers and fuses market was valued at USD 20.75 billion in 2014, which is expected to reach USD 31.11 billion by 2021, growing at a CAGR of 6% from 2015 to 2021.

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Circuit breakers are electric switches which operate automatically to protect the electric circuit from damage by turning itself on/off when faced with overload or short circuit. The basic function of the circuit breaker is to identify any malfunctioning and breakup in the current flow. Whereas fuses are a kind of low resistance resistor which acts as a sacrificial appliance designed to protect overcorrect protection from either load or short circuit. Growth of industrial and construction industry in emerging markets and increasing demand for electricity and reliable power delivery are factors driving the circuit breakers and fuses market. Moreover, electronic devices are vulnerable to failure due to power fluctuations. Private agencies and governments around the world have recommended and mandated the incorporation of device protection components such as fuses and circuit breakers in electronic devices.

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The global circuit breaker and fuses market is segmented by the voltage level of installation into low, medium and high voltage circuit breakers. By arc quenching media type the circuit breaker market can be segmented into air, vacuum, oil and SF6 circuit breakers. Further, the fuses market is segmented into low voltage fuses and high voltage fuses. The low voltage fuses are further segmented into Plug-in fuses and cartridge fuses. The low voltage circuit breakers were a major contributor in the global circuit breakers and fuses market in 2014. This growth is attributed to vast and rapid development of power grids.

The global circuit breaker and fuses market by industrial application has been segmented into: construction, automotive, industrial, consumer electronics, power generation, healthcare and military. The power generation segment was the largest contributor in the circuit breakers and fuses market. In 2014 the power generation segment amounted for USD 5.41 billion. There is growth in demand for efficient and smart power generation which is required to address the futuristic demand for electricity. As power generation increases, the market for protection devices such as circuit breakers and fuses is expected to grow.

Increasing Foreign Direct Investment and Presence of Local Manufacturers Impels Reciprocating Compressors Market in China

The China reciprocating compressors has been witnessing a burgeoning demand over the past few years despite intensifying competition from the screw and centrifugal compressors. The cost-efficiency of reciprocating compressors and the increasing need to replace the old ones has created a positive outlook for the China reciprocating compressors market in the past few years. The industrial sector is expected to steer the demand for reciprocating compressors in the near future as the country primarily depends on manufacturing activities to maintain its overall economy. Furthermore, a pressing need to optimize the high consumption of crude oil in an efficient manner is also anticipated to drive the demand for reciprocating compressors in the coming years. The application reciprocating compressors in the automotive industry and growing activities in refineries, CNG and LNG transportation and storage are also expected to propel the demand for these products.

According to the research report, the opportunity in the China reciprocating compressors market was worth US$771.1 mn in 2014 and is anticipated to reach US$1,178.9 mn by 2022. Between the forecast period of 2015 and 2022, the overall market is expected to rise at a CAGR of 5.3%. The industrial process gas reciprocating compressors segment is anticipated to lead the overall market by the end of 2022, earning a revenue worth US$351.3 mn.

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Industrial Process Gas Reciprocating Compressors Remain Preferred Choice of Compressors

The demand for industrial process gas reciprocating compressors will surge as manufacturers are changing their processes from being labor-intensive to technology-oriented. The demand for industrial process gas reciprocating compressors will continue to surge across China as they are highly cost-effective. The oil-free reciprocating compressors segment is also expected to present immense opportunities as end users are trying to comply with regulatory reforms. Owing to this reason, the installation of oil-free reciprocating compressors will be high in industries such as food and beverage, electronics, pharmaceutical, and textiles during the forecast period.

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Sustained Industrial Development to Raise Demand for Compressors

The World Bank estimates suggest that China’s economy is expected to dip by 0.2% by 2017. Despite the slight decline, the industrial production is expected to grow at a sustained pace as the country largely depends on manufacturing. Furthermore, increasing foreign direct investment (FDI) and the abundance of cheap and affordable labor will keep the industrial sector going at a steady rate. Owing to these reasons, the demand for industrial production will remain persistent during the forecast period, the research report predicts.

MEA Vacuum Pumps Market Boosted by Resurging Economy, Market to Exhibit 11.10% CAGR from 2015 to 2025

Vacuum technology and processes make it possible to replace processes that impact and harm the environment with others protecting the environment. Vacuum technology includes vacuum pumps and vacuum components such as the measuring devices and leak detectors deployed in many industrial applications. These applications include vacuum packaging of food, evacuation and environment-friendly charging of refrigerators and air conditioners, production of ultrapure high-strength metals, evacuation of lamps and CRT’s, manufacture of flat-panel displays, and coating. Vacuum technology/components are categorized into three main sub segments: vacuum pumps, vacuum instrumentation, and vacuum hardware.

The Middle East and Africa vacuum pumps market is progressing at a CAGR of 11.10% between 2015 and 2025. The market was valued at US$199.5 mn at the end of 2014, according to data derived from a research report released by Transparency Market Research. The report is titled “Vacuum Pumps Market – MEA Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2025” and is available for sale on the official website.

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As mentioned in the report, the MEA vacuum pumps market is driven by the growth in energy demand to fulfil a resurgent economy that is focusing on large-scale projects. The projects are coming in after periods of economic slowdown and therefore have significantly boosted the demand for vacuum pumps.By range of application, the MEA vacuum pumps market is dominated by low pressure vacuum pumps. Low pressure vacuum pumps held nearly 47% of the MEA vacuum pumps market in 2014, primarily driven by rising demand from the packaging industry as well as the conveyance industry. 

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It is stated in the report that according to type, the MEA vacuum pumps market is led by gas transfer pumps. Gas entrapment pumps held around 61% of the market in 2014 and are expected to be the leader in terms of demand.Among the multiple end-use industries of vacuum pumps, the MEA vacuum pumps market was dominated by the oil and gas sector, which held more than 36% of the market in 2014. The MEA vacuum pumps market is expected to continue growing in a consistent manner, with demand from small-scale industries on the rise. These small-scale industries may be from the power, process, and manufacturing sectors.

The GCC countries dominated the MEA vacuum pumps market in 2014, with a share of nearly 30% in 2014. The GCC countries are expected to significantly increase their demand for vacuum pumps due to an upswing in manufacturing and industrial activities. This includes the export of non-oil products, which has been consistently on the rise over the past two decades.Iran, however, is expected to overtake the GCC countries in terms of demand over the report’s forecast period, giving rise to new opportunities.
 

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