Market Leader - Power Bank Market

 

A power bank is a portable device used as an external power source for recharging electronic devices. It stores electrical energy in its batteries and then supplies this energy as output to recharge other devices. These power banks are commonly used to recharge USB-powered devices such as digital cameras, smartphones, MP3 players, fitness bands, and others. Portable power banks have emerged a vital external energy source for consumer electronics as they are able to supply power to recharge devices on the move. The power bank market is projected to grow from USD 9.0 billion in 2020 to USD 13.4 billion by 2025; it is expected to grow at a CAGR of 8.1% from 2020 to 2025.

ADATA (Taiwan), Anker Innovations (China), AUKEY (China), Xiaomi (China), RAVPower (US), GRIFFIN (US), Lenovo (China), mophie (US), AMBRANE (India), INTEX (India), myCharge (US), Omnicharge (US), UIMI (India), uNu Electronics Inc. (US), Zendure (US), and ROMOSS (China) are some of the major players in the power bank market.

Anker Innovations (China)

Anker Innovations was ranked first in the power bank market in 2019. Anker Innovations is one of the global leaders in charging technology. Anker Innovations is among the key market players offering power banks for various end-user applications. Anker Innovations researches, develops, and sells smart charging products, smart living peripheral products, mobile peripheral products, and computer peripheral products. Anker Innovation’s power bank is a solution to devices such as smartphones, tablets, digital cameras, GPS navigators, handheld gaming devices, laptops, headphones, consoles, speakers, and smartwatches. The power banks are equipped with Li-ion or Li-polymer-based batteries. These power banks are featured with 1, 2, or more than 2 USB ports. Significant R&D capabilities enable the company to develop innovative products, which allow it to remain at the forefront of its respective businesses and differentiate its offerings in a highly competitive market. Its power banks and charging products incorporate technologies such as PowerIQ, MultiProtect, USB-C, QuickCharger, and Wireless Charging, which create product differentiation and give a tough competition to other players in the power bank market.

AUKEY (China)

AUKEY was ranked second in the power bank market in 2019. AUKEY is a high-tech gadget manufacturer and e-commerce seller across the world. The company not only has a wide market presence but also a diversified range of power banks. The company is specialized in producing slim and pocket-sized power banks which are convenient for outdoors. The company produces its power banks with new technologies and advanced features; for instance, the company’s power banks are based on three technologies—Power Delivery, Qualcomm Quick Charge, and AiPower Charging. The power banks are also featured with flashlight, multiple ports, USB-C Output, USB-C Input, Micro-USB Input, and lighting input. The company has a strong geographic foothold due to its partnership with distributors in various regions.

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Xiaomi (China)

Xiaomi secured the third rank in the power bank market in 2019. Xiaomi is a Chinese electronics company. It is a well-known and prominent player offering smartphones at reasonable prices. Xiaomi also holds a leading position among other players in the power bank market. The company offers a range of power banks under the name Mi. Xiaomi’s power banks are compatible with smartphones, tablets, camcorders, digital cameras, and portable media players. The company offers Li-ion or Li-polymer battery-based power banks. Power banks designed by this company have LED lights to indicate battery level, 1 or 2 output USB ports. They are enclosed within a sleek aluminum casing that makes the power bank water and corrosion-resistant. The power banks are available in battery capacities ranging from 5,000 to 20,000 mAh. The company focuses on expanding its products in other geographic regions to gain a larger customer base; for instance, it expanded outside China with its first international headquarters in Singapore in 2014, entered India in July 2014, and gained recognition for its smartphones. The company launched many products from December 2018 to March 2020, attributing to high product innovation. Product launches have enhanced the company’s technological competence and also strengthened its presence in the market. The ongoing health and containment emergency measures due to COVID-19 are causing delays at logistic couriers and Xiaomi authorized service centers. In March 2020, the company launched Hyperlocal “Mi Commerce,” an online-to-the-offline solution. It aims to allow users to safely purchase Xiaomi devices, including power banks, from the nearest Xiaomi retail store while staying at home, amid the nationwide lockdown.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Key Revenue Pocket - Process Automation & Instrumentation Market

 The process automation and instrumentation market is expected to be worth USD 67.4 billion in 2020 and is projected to reach USD 76.8 billion by 2025, at a CAGR of 2.6%. The factors that are driving the growth of the market include importance of energy efficiency and cost reduction, IIoT for enhancing the digitalization in process automation, and emphasis on industrial automation and optimum utilization of resources.

The process automation and instrumentation market is becoming increasingly important due to the need for automated solutions for carrying out processes in industries such as food & beverages, pharmaceuticals, energy & power, metals & mining, oil & gas, pharmaceuticals, pulp & paper, water & wastewater, and others. Growing demand for process automated solutions, need for increased production and efficiency, and requirement for real-time measurement and control of process variables to maximize profitability while ensuring quality and safety are the factors driving the need for process automation and instrumentation solutions.

The process automation and instrumentation market for the pharmaceuticals industry is expected to grow at the highest CAGR from 2020 to 2025. Increasing competition in the industry and legistations related to this industry, growing importance of providing precision measuring equipment to provide accurate dosage of medicine, rising need for process automation solutions in various processess such as manufacturing, testing, drug development, packaging and distrubution are likely to propel the growth of process automation and instrumentation solutions in the pharmaceutical industry. Moreover, the involvement of complex manufacturing processes such as milling, granulation, coating, tablet pressing in pharmaceutical companies propel the need for process automation solutions, which, in turn, drive the growth of the process automation and instrumentation market. The pharmaceuticals industry is the most active sector in the current market situation. Though this industry is not expected to have any negative impact on COVID-19, it will face a moderate effect of this virus outbreak. The majority of active pharmaceutical ingredients (API) and generics are developed in China and India. As both these countries are currently limiting production and avoiding exports owing to the situation, it has resulted in severe disruption in the supply chain, affecting the production of pharmaceuticals in these countries

The market for HMI is expected to grow at the highest CAGR from 2020 to 2025. The role of HMI is to deliver information to operators, allowing them to run and maintain machines or processes, and optimize the running of the equipment. The level of interaction has increased exponentially with the advent of graphical displays and supporting interface software. An HMI system is integrated with SCADA (to acquire data) or PLCs (to control the machines). HMI helps process industries to closely monitor the production process and quickly respond to changing production demands to improve operational efficiency and decrease unplanned downtime.

The market for control valves is expected to grow at the highest CAGR from 2020 to 2025. The rising demand for energy and increasing government initiatives pertaining to flow control projects such as gas pipelines and water distribution is positively impacting the growth of control valves. Further, the need for direct control of flow rate and the consequential control of process quantities such as pressure, temperature, and liquid level are the factors driving the control valves market.

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The process automation and instrumentation market in APAC is expected to grow at the highest CAGR from 2020 to 2025. The growing demand for oil & gas and food & beverages in APAC due to growing needs of increasing population and increased industrialization in this region are the major factors driving the said market in APAC. The process automation and instrumentation market in APAC has been studied for China, Japan, India, and the Rest of APAC, however, in the section below, the detailed analysis of the market in China, Japan, and India has been provided. Rapid industrialization in APAC has boosted the manufacturing sector in APAC. The countries of APAC considered in this study have the presence of a large number of small- and mid-sized enterprises (SMEs). However, the outbreak of COVID-19 has significantly affected the manufacturing sector of APAC. As the neighboring countries are linked to one another through trade relations and supply chain, the entire region is affected by the outbreak of COVID-19.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Market Leader: Energy Harvesting System Market

The energy harvesting system market is projected to grow from USD 485 million in 2020 to USD 775 million by 2025; it is expected to grow at a CAGR of 9.8% from 2020 to 2025. Key factors fueling the growth of this market include the growing demand for safe, power-efficient, and durable systems that require minimum or no maintenance; extensive implementation of IoT in automation and energy harvesting technology in building and home automation; increasing trend of green energy and favorable initiatives by governments; and rising adoption of wireless sensor networks equipped with energy harvesting system.

Key players in the energy harvesting system market include companies operating at different stages of the energy harvesting value chain. These companies are ABB (Switzerland), Honeywell (US), Mide Technology (US), Linear Technologies (US), Convergence Wireless (US), Cymbet (US), EnOcean (Germany), Fujitsu (Japan), Microchip Technology (US), Texas Instruments (US), STMicroelectronics (Switzerland), Powercast Corporation (US) Bionic Power (US), O-Flex Technology (Germany), and Voltree Power (US). These companies focus on adopting both organic and inorganic growth strategies, such as product launches, expansions, agreements, partnerships, collaborations, mergers, and acquisitions, to strengthen their position in the market.

Top Players in Energy Harvesting Market:

EnOcean (Germany) is one of the leading companies in the energy harvesting system market with its focus on energy harvesting, ultra-low power management, and radio technology. In the energy harvesting product line, the company offers technologies based on solar, thermal, electromagnetic, and vibration energy sources. EnOcean provides self-powered wireless solutions such as transmitters, receivers, and transceivers for the Internet of Things, primarily for building and home automation. The company is an originator of the patented energy harvesting wireless technology marketed under the brands Dolphin and Easyfit.

The core growth strategy of EnOcean is continuous product developments to gain a competitive edge over other players in the market. In December 2019, EnOcean launched a new solar-powered multi-sensor for Bluetooth IoT networks at CES 2020. It delivers data via Bluetooth and uses the energy harvesting principle to power wireless switches and sensors by their surrounding environment.

Powercast Corporation (US) is a key player in the energy harvesting system market, serving customers across different areas. It offers custom engineering services for products such as RF harvesting receivers. The company’s product portfolio includes powercaster transmitters and powerharvester receivers, development kits, and RFID tags. Owing to this, Powercast Corporation helps its customers recharge their devices wirelessly, eliminate base charging stations and ports, enable charging of multiple units simultaneously and increase product life. The company follows the Restriction of Hazardous Substances (RoHS) Directive while manufacturing its products.

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Powercast Corporation has adopted product launches & developments as a key growth strategy to expand its business and product portfolio. In August 2018, Powercast Corporation launched the PowerSpot TX91503 wireless transmitter that employs Bluetooth LE multiprotocol solution for wireless scheduling of power transmissions and monitoring battery status of charging devices. This transmitter wirelessly charges wearables and portable devices fitted with RF energy harvesting chips.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Market Leadership - UV Curing System Market

 

The UV curing system market is projected to reach USD 6.7 billion by 2025 from USD 3.3 billion in 2020; it is expected to grow at a CAGR of 15.0% from 2020 to 2025. The UV curing system market in APAC is projected to grow at the highest CAGR during the forecast period. APAC is a manufacturing—intensive region with the presence of a large number of companies across various sectors. Automotive, defense, and electronics industries are a few of the major sectors in the region that have a high demand for UV curing systems. Countries such as China, Japan, India, and South Korea are major contributors to the growth of the UV curing system market in APAC. China and Japan are considered as the early adopters of UV technology in the electronics manufacturing industry. The growing demand and implementation of policies that include emission control and eco—friendly products have led to innovations and developments in the UV curing industry, making it a strong hub for UV curing technologies.

Baldwin Technology (US), Dymax (US), Nordson (US), Excelitas (US), Heraeus (Germany), Phoseon (US), Honle (Germany), Ist Metz (Germany), American Ultraviolet (US), and Hanovia (UK) are a few major players in the UV curing system market.

Top 2 Players in UV Curing System Market:

Dymax (US)

Dymax manufactures UV/visible light curing adhesives, light curing systems, and dispensing equipment for manufacturers in aerospace, appliance, automotive, display, electronics, glass, industrial, medical device, metal finishing, optical, orthopedic, packaging, plastics, speaker, and structural markets. Dymax is focusing on organic growth through product launches to increase its business and share in the UV curing system market. In August 2019, Dymax introduced the BlueWave AX-550 LED flood curing system, a high-intensity unit used for curing light-curable materials to increase productivity and efficiency. Dymax could emphasize inorganic growth strategies, such as partnership and mergers, to target emerging and rapidly growing markets, such as India, China, and South Korea, in APAC. Moreover, the company offers turnkey and custom bonding solutions for medical device manufacturers to fight COVID-19.

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Nordson (US)

Nordson offers products and systems used in applications such as dispensing, applying and controlling adhesives, industrial coatings, sealants, paints, polymers, and biomaterials. The company offers products for industries such as aerospace, agriculture, lawn, garden, appliance, automotive and transportation, chemicals, construction and architecture, defense, medical, electrical, electronics and semiconductor, and energy. Nordson focuses on increasing its sales by launching new products in the UV curing system market. For instance, in March 2019, the company launched a new modular power coating gun controller with functionality such as peer-to-peer communication between each controller interface for “one-touch” triggering, grouping, coating recipe selection, and recipe copying. The company could emphasize on expanding its business in the Americas and APAC by partnering or acquiring small players in the UV curing system market space. This is expected to help the company maximize its revenue by targeting latent opportunities in these regions.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Samsung (South Korea) and LG (South Korea) are leading Players in the Printed Electronics Market

 

The printed electronics market is projected to grow from USD 7.8 billion in 2020 to USD 20.7 billion by 2025; it is expected to grow at a CAGR of 21.5% from 2020 to 2025. Major factors driving the growth of the market include increased use of printed electronics for the development of smart and connected devices, rise in the global demand for energy-efficient, thin, and flexible consumer electronics, high demand for new generation flexible printed electronics, and significant cost advantages offered by printed electronics.

Key players in the printed electronics market include Samsung Electronics Co., Ltd. (Samsung) (South Korea), LG Electronics Inc. (LG) (South Korea), Palo Alto Research Center Incorporated (PARC) (US), Agfa-Gevaert Group (Agfa-Gevaert) (Belgium), Molex LLC (Molex) (US), Nissha Co., Ltd. (Nissha USA) (US), DuPont de Nemours, Inc. (DuPont) (US), BASF SE (BASF) (Germany), NCC Nano, LLC (NovaCentrix) (US), E Ink Holdings (US), and Ynvisible Interactive Inc. (Ynvisible Interactive) (Portugal).

Samsung (South Korea)

Samsung is a leading player in the printed electronics market. It is a multinational conglomerate that has various subsidiaries. The company offers advanced display solutions and is one of the leading technology companies in consumer electronics and semiconductor products in the world. Samsung is focused on collaborating with its customers and establishing a close network of partners. As a result, Samsung has gained significant traction in the printed displays market across different geographies such as Asia, Europe, and the Americas. It has ties with several technologically advanced suppliers of printed electronic components.

Samsung is strategically working toward improving its ecosystem to accelerate the development of printed displays. It is working closely with raw material suppliers for manufacturing high-quality products as well as ensuring an uninterrupted supply of these materials. The company is continuously manufacturing technologically advanced and innovative consumer electronic devices and as such, has adopted the strategies of collaborations and partnerships with suppliers of raw materials used for developing printed electronic components worldwide. In June 2019, it commissioned the Aerosol Jet 5X system of Optomec for the production of next-generation printed electronics. Samsung is also increasing its yearly R&D expenditure for the development of new and innovative printed electronics-based consumer electronic devices.

LG (South Korea)

LG is one of the leading global suppliers of printed displays and OLED lighting panels, which are used in television sets, mobile phones, monitors, etc. The company has adopted the strategy of partnerships with customers to meet their requirements for advanced printed displays. It has partnered with Apple (US) and 3D Box (South Korea) to develop and launch new products in the printed electronics market. These partnerships have enabled LG to achieve synergy in terms of technology and revenue generation.

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LG has also been focusing on expanding its business in Asia and is earning increased profits considering the growing demand for printed displays from the continent. Presently, the company has adopted the strategy of profit-based production of printed electronics, and its sales structure is leveraging its existing technologies and markets. LG is also optimizing its R&D expenses to achieve break-even in the printed electronics business rather than increasing its market share

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

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Market Leader – IGBT & Thyristor Market

 

The global insulated-gate bipolar transistor (IGBT) market size is estimated to grow from USD 5.3 billion in 2020 to USD 6.6 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 4.6% during the forecast period. The global thyristor market size is estimated to grow from USD 781 million in 2020 to USD 849 million by 2025, at a CAGR of 1.7% during the forecast period. The key factors fueling the growth of the IGBT and thyristor market are the implementation of government initiatives in various countries towards the replacement of aging power infrastructure, and the adoption of electric motors in industrial, commercial, and residential applications.

Key players in the IGBT and thyristor market include  Infineon Technologies AG (Germany), Fuji Electric Co., Ltd. (Japan), ON Semiconductor (US), Mitsubishi Electric Corporation (Japan), STMicroelectronics (Switzerland), Renesas Electronics Corporation (Japan), Vishay Intertechnology (US), ABB Ltd (Switzerland), SEMIKRON (Germany), Hitachi, Ltd. (Japan), and Toshiba Corporation (Japan), ROHM Co., Ltd. (Japan), Danfoss (Denmark), Central Semiconductor Corp. (US), New Jersey Semiconductor (US), Siemens AG (Germany), Schneider Electric (France), Powerex Inc. (US), Silicon Power Corporation (US), StarPower Semiconductor Ltd. (China), and Littelfuse, Inc. (US). These companies have adopted both organic and inorganic growth strategies, such as product launches, partnerships, collaborations, contracts, agreements, acquisitions, and expansions, to strengthen their position in the market.

Infineon Technologies AG is one of the global leaders providing semiconductor solutions for applications including automotive, communication, consumer, industrial, security, and solutions. The company offers IGBT discrete, IGBT modules, IGBT stacks, IGBT bare dies, and thyristors for various applications in the field of automotive, traction, industrial, and consumer systems. IGBTs offered by the company can withstand voltages up to 6.5 kV and operate at a switching frequency from 2 kHz to 50 kHz. Thyristors offered by the company have set standards in power range from 10 kW to over 10 GW.

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Fuji Electric Co., Ltd. is a major provider of technology in the field of industrial and social infrastructure. The company’s product portfolio consists of drivers and inverters, semiconductors and devices, power supply systems, sensors and measurement instruments, factory automation systems, and social infrastructure systems. The company offers IGBTs that can be deployed in applications such as inverters, wind turbines, welding machines, power supply switching circuits, rail traction systems, solar inverters, automobiles, and UPS.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Mr. Aashish Mehra

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630 Dundee Road

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USA: 1-888-600-6441

 

Key Revenue Pockets - Distributed Temperature Sensing Market

 

Distributed temperature sensing (DTS) systems are optoelectronic devices that are used to measure temperatures using an optical fiber cable that functions as a linear sensor. The optical cable acts as a multi-point temperature sensor and provides cost-effective temperature measurement along its entire length. It provides critical temperature data pertaining to various applications and is considered as the best option for monitoring multiple temperature sensing points in difficult operating conditions. DTS systems enable accurate detection of temperatures over long distances. Industries such as oil & gas and pipeline transportation require temperature sensing systems for monitoring purposes that can operate at high temperatures and harsh working environments, and are immune to electromagnetic interferences.

The overall distributed temperature sensing market is expected to grow from USD 734 million in 2020 to USD 958 million by 2025, at a CAGR of 5.5%. The growth of this market is mainly driven by increasing demand for labor safety at working sites, reliability of DTS systems/sensors for sensing and monitoring applications in harsh environments, and increasing applications in the oil & gas industry. Increasing safety norms and supportive government policies related to leakage detection and increasing adoption of data-based analytics provide major opportunities for the growth of the distributed temperature sensing market.

The market for optical time domain reflectometry (OTDR) operating principle based DTS systems expected to grow with the highest rate during forecast period. OTDR is the most widely used technology and has been in use since the inception of DTS systems. It helps in providing a robust measurement and is less susceptible to issues such as reflections and bends in the fibre and accessories. The technology utilizes the time of flight principle to measure the backscattered light during the Rayleigh scattering and Fresnel reflecting in the optical transmission generated by a narrow laser pulse.

The multimode fibers is expected to hold the largest share of the distributed temperature sensing market during the forecast period. The Multimode fiber has a relatively large light carrying core. These are available in core sizes of 50µm and 62.5µm and are widely used in DTS applications. The transmitted rays of light are allowed to follow multiple paths within the fiber. The large core diameter helps to propagate more optical power in the fiber. The signal undergoes dispersion since many modes are present and hence there is more power loss as compared to single mode fiber, which eventually restricts the signal carrying capacity in terms of distance covered.

The market for oil & gas application is expected to hold the largest market size during the forecast period. The DTS technology has become an integral part of the oil & gas industry. DTS systems help in continuous, real-time downhole monitoring to optimize the operational and economic performance of the assets. This enables the reservoir engineer to gain a better understanding of the injection and production dynamics and accordingly optimize the production and improve recovery leading to improved profit. Hence, there is an increasing focus on adopting the technology for improving the productivity of brownfield operations. The analysis of the data collected by the DTS system can provide additional information on the well behavior such as the flow volume within a particular section of the well.

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The distributed temperature sensing market in APAC is expected to grow at the highest CAGR during the forecast period. The increasing construction activities worldwide and the expanding power transmission cables in technologically advancing countries in APAC such as China and India are contributing to the growth of the DTS market in this region. India, China, South Korea, and Australia are some of the major countries contributing to the growth and development of the DTS market in this region. In addition, the presence of several oil & gas industries in this region is driving the growth of the DTS market in APAC.

 

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

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Market Leadership - Digital Substation Market

 

The digital substation market is projected to reach USD 9.1 billion by 2025 from USD 6.4 billion in 2020; it is expected to grow at a CAGR of 7.1% from 2020 to 2025. The digital substation market in APAC is projected to grow at the highest CAGR during the forecast period. The modernization of industrial infrastructure in APAC is growing at a high rate for a few years, and the same trend is expected to continue in the future. Rapid industrialization, modernization of grid infrastructure, entry of many private companies in the power sector, increased spending by governments to boost the utility sector, and increasing number of power utilities are some of the key driving factor of the market. Digital substations provide cost-effective solutions, which help in meeting the rising demand for electricity in countries such as China, India, and Singapore.

Key players in the digital substation market include ABB (Switzerland), General Electric Company (US), Siemens AG (Germany), Eaton Corporation Inc. (Ireland), Schneider Electric SE (France), Honeywell International Inc. (US), Cisco System (US), NR Electric (China), Emerson Electric Co. (US), and Larsen & Toubro Limited (India).

Top 2 Players in Digital Substation Market:

ABB (Switzerland)

ABB focuses on new projects, partnerships, and expansions to maintain its global market presence. In September 2019, ABB signed a 5-year contract with Austrian Power Grid (APG), an Austria-based transmission system operator, to supply gas-insulated switchgears (GIS) during the largest electricity grid expansion in the country. Such long-term contracts help the company to grow and maintain good relations with customers.

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The company has strong presence in Europe and generates ~36% of its revenue from this region. It should focus on other geographies, such as North America, the Middle East, and South America, for improved revenue generation. Additionally, the company could focus on developing innovative products for the digitization of substations, similar to its competitors.

GE (US)

GE focuses on both organic and inorganic growth strategies for expanding its power business. Product launches and developments, and expansions are the key growth strategies adopted by the company for maintaining its position in the digital substation market. In September 2019, GE’s Grid Solutions business invested USD 10 million to expand its range of sulfur hexafluoride (SF6)-free high-voltage substation equipment to include all key high-voltage levels by 2025. This is one of Grid Solution’s biggest portfolio investments in years that support customers in their efforts to reduce greenhouse gas emissions. GE could emphasize more on inorganic growth strategies, such as mergers & acquisitions, to target emerging and rapidly growing markets, such as India, China, and South Korea, in APAC.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Document Camera Market with COVID-19 Impact Analysis by Product Type - Global Forecast to 2025

 

The document camera market is expected to grow from USD 370 million in 2020to USD 545 million by 2025; it is expected to grow at a CAGR of 8.1% during the forecast period. The document camera market had been witnessing growth in the past years, mainly owing to the high adoption of document cameras from the education sector. However, COVID-19 has led to a decline in the growth rate of the document camera market. This is because the educational institutions and corporate offices, which are the major demand generators of document cameras, are currently non-operational in various countries, thereby negatively impacting the demand for document cameras. Additionally, COVID-19 has also disrupted the supply chain of document cameras, which is hindering the manufacturing and distribution of document cameras.

The portable segment is expected to dominate as well as witness significant growth in the document camera market during the forecast period. Portability is one of the key features that end users look for in a document camera; it allows easy storage, convenient placement on a table or other areas, and easier management of the equipment.

The market for wireless document cameras is expected to witness significant growth during the forecast period. Wireless connectivity document cameras give the user flexibility to place and point the camera anywhere in the room as well as move freely in the room. This is one of the key factors leading to the upsurge in the demand for wireless connectivity document cameras.

Among all end users, the document camera market for education sector is expected to grow at the highest CAGR from 2020 to 2025. The rapid digitalization in the education sector is one of the key factors that has led to the high penetration of document cameras in this market. Additionally, COVID-19 has resulted in a rise in the trend of online education and has boosted the demand for devices assisting online education. This factor is also expected to impact the growth of document camera market positively in the coming years.

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Among all regions, the document camera market in APAC is expected to grow at the highest CAGR during the forecast period. China, Japan, Australia, and India are a few major countries expected to accelerate the growth of the document camera market in APAC. Moreover, the presence of a significant number of companies, such as AV er Information (Taiwan), ELMO Company (Japan), Seiko Epson (Japan), Lumens Digital Optics (Taiwan), and Hong Kong Cod is Electronic Co. (Hong Kong), providing document cameras also has a positive impact on the growth of the document camera market in APAC.

Key players in the document camera market are grabbing opportunities by launching new products. Besides, product launches, partnerships, expansions, and collaborations were a few of the other strategies adopted by companies in this market to strengthen their market position.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

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USA: 1-888-600-6441

IoT Node and Gateway Market by Hardware (Processor, Connectivity IC, Sensor, Memory Device, Logic Device) - Global Forecast to 2026

 

The global IoT node and gateway market size is expected to grow from USD 365.3 billion in 2019 to USD 563.7 billion by 2026; growing at a CAGR of 6.5%. The major factors driving the IoT node and gatewayindustry growth are the development of internet connectivity, growing use of wireless sensors and their networks, increased IP address space and better security solutions made available through IPv6, growth of application-specific MCUs and flexible SoC-type designs, and the growing market of connectivity devices.

Concerns regarding the security and privacy of user data act as restraints for the IoT node and gateway market.There are a lot of opportunities for the IoT node and gatewayindustry, including cross-domain collaborations, government funding for research, innovation, and development related to IoT, and emerging smart cities. Highly fragmented market due to lack of common protocols and communication standards, requirement of wireless spectrum and licensed spectrum, and high power consumption by wireless sensor terminals/connected devices are the challenges for the IoT node and gatewaymarket.

The IoT node and gateway market,based on hardware, has been segmented into processors, connectivity integrated circuits, sensors, memory devices, and logic devices. On the basis of end-use application, the market has been segmented into industrial and consumer. The industrial end-use application is further segmented into healthcare, automotive & transportation, building automation, manufacturing, retail, BFSI, oil &gas, agriculture, aerospace & defense, and others. The consumer end-use application is further segmented into wearable devices and consumer electronics. The market based on region has been segmented into North America, Latin America, Europe, APAC, and RoW.

The IoT node and gateway market for industrial end-use application is expected to record the highest CAGR during the forecast period.The growth of the IoT node and gatewaymarket in APAC can be attributed to commercialization of IoT application which is estimated to be in its introductory stages in the developing economies of APAC. However, countries such as China, India, and Japan are aggressively taking initiatives such as heavy investments in R&D to encourage the adoption of IoT in this region, which is expected to boost the demand for IoT nodes and gateways in the future. North America is the largest market for IoT nodes and gateways since major companies are from the US, includingIntel Corporation (US), Texas Instruments Incorporated (US), Dell (US), and Cisco Systems (US).

The IoT node and gateway market is projected to grow at a significant ratein both Latin America and the Rest of the World during the forecast period.IoT is an ecosystem thatcomprises a number of sensors/edge devices and various connectivity technologies. In an IoT network, sensors/edge devices act as a node. These nodes use different protocols, such as Wi-Fi, Bluetooth, and ZigBee, to connect, andare responsible for gathering various forms of data. An IoT gateway is required to collect the sensor data, perform protocol translation, process the data, and then send it to the cloud (if required).

The connectivity integrated circuits holds the largest size of the IoT node and gateway market,by hardware,in terms of volume. The increasing demand for better connectivity of edge devices and significant developments in low-power connectivity technologies, such as Wi-Fi, Bluetooth, and Bluetooth Low Energy (BLE) are the key factors supporting the growth of the connectivity IC segment. In addition, increasing demand for consumer electronics and the soaring popularity of smart homes, which use multiple connectivity technologies, such as Bluetooth, BLE, Wi-Fi, and near-field communication (NFC), is expected to further drive the demand for connectivity ICs.

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The IoT node and gateway marketin Latin America is expected to grow at the second-highest CAGR, preceded by APAC,during the forecast period. The market in APAC has been further classified into China, Japan, South Korea, and the Rest of APAC. The market in Latin America primarily includes Mexico, Brazil, Colombia, and the Rest of Latin America. Growing penetration of wireless products across multiple end-user applications, such as healthcare and BFSI, and government funding programs to establish IoT ecosystem are drivingthe IoT node and gateway market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441