Building Automation System Market worth $112.1 billion by 2026

 

According to a research report "Building Automation System Market with COVID-19 Impact by Communication Technology, Offering (Facility Management Systems, Security and Access Controls, and Fire Protection Systems), Application, Region - Global Forecast to 2026", published by MarketsandMarkets, the global building automation system market size is projected to grow from USD 73.5 billion in 2021 to USD 112.1 billion by 2026; it is estimated to grow at a CAGR of 8.8% during the forecast period. The growth of the building automation system market is fueled by the increasing requirement of energy-efficient facilities with enhanced security systems. Besides this, advancements in wireless communication technologies have lessened the complexity and the cost of installing building automation systems in the existing buildings.

“Building energy management software market is expected to be the fastest-growing building automation system offering segment during the forecast period”

The increased prices of energy and the formulation of stringent energy-efficiency policies have made it crucial to check the energy consumption levels in buildings. Building energy management software help building operators or homeowners to continuously monitor and analyze the amount of energy used by buildings. They not only notify building operators or owners of energy drifts but also provide actionable information for energy savings.

“Industrial application is expected to be the fastest-growing application for building automation system market during the forecast period”

The highest CAGR of video surveillance services are due to a rise in the adoption of Video Surveillance-as-a-Service (VSaaS). The growth in this market is driven by the increasing importance of VSaaS in various application areas due to benefits such as remote access and management. As video feeds are stored in the cloud, customers can access and manage them using a desktop, laptop, or mobile device from any location with an internet connection.

“North America to account for large size of building automation system market in 2020”

North America is one of the most developed regions in the world. It is also a leading market for building automation systems. The region accounted for a major share of the building automation system market in 2020. The rising requirement of energy management and the increasing demand for green homes have resulted in the growth of the building automation system market in North America. The market in North America has been studied for the US, Canada, and Mexico. Government organizations in countries of the region work together for efficient and clean production and use of energy.

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Major companies involved in the development and supply of building automation system are Johnson Controls (Ireland), Schneider Electric (France), Carrier (US), Siemens AG (Germany), and Honeywell International (US).

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 - Field Device Management Market

 

The global field device management market is projected to grow from USD 1.3 billion in 2019 to USD 1.8 billion by 2024; it is expected to grow at a CAGR of 6.7%. Major factors driving the growth of the field device management market are the rising importance of Industry 4.0 and smart factory, growing focus of manufacturers on reduction in maintenance and operational costs, surging need for FDM systems, and increasing investments by automation companies for the development of IIoT solutions.

Major players in the field device management market include Siemens AG (Siemens, Germany); Emerson Electric Co. (Emerson, US); ABB Group (ABB, Switzerland); Schneider Electric (Schneider Electric, France); Honeywell International Inc. (Honeywell, US); Rockwell Automation, Inc. (Rockwell, US); Yokogawa Electric Corporation (Yokogawa, Japan); OMRON Corporation (OMRON, Japan); Mitsubishi Electric Corporation (Mitsubishi Electric, Japan); Fanuc Corporation (Fanuc, Japan); Metso Corporation (Metso, Finland); Valmet Oyj (Valmet, Finland); Hamilton Company (Hamilton, US); Phoenix Contact GmbH & Co. KG (Phoenix Contact, Germany); Endress+Hauser AG (Endress+Hauser, Switzerland); Festo AG (Festo, Germany); Omega Engineering (Omega, UK); Hach (Hach, US); Azbil Corporation (Azbil Corporation, Japan); and Weidmüller (Weidmüller, Germany). These players have adopted various growth strategies, such as agreements, collaboration, partnerships, and product launches, to further expand their presence in the global field device management market. Product launches and developments have been the most dominating strategies adopted by key players from 2017 to 2018, which helped them strengthen their product portfolio and broaden their customer base.

Siemens (Germany) was ranked first in the field device management market in 2018. Siemens was founded in 1847 by Werner von Siemens. Further, the company became a global pioneer in electrical engineering. Siemens is a conglomerate company having headquarters in Munich, Germany. It is among major industrial manufacturing companies in Europe. The company operates in the following segments: Power and Gas, Energy Management, Building Technologies, Mobility, Digital Factory, Process Industries and Drives, Healthineers, and Siemens Gamesa Renewable Energy. The company offers software products for field device management. The Process Industries and Drives segment offers various products, software, and solutions across the oil & gas, shipbuilding, mining, cement, fiber, chemicals, food & beverages, and pharmaceuticals industries, among others. The Digital Enterprise Suite of the company enables manufacturing companies to integrate and digitalize their business processes. R&D activities in the Process Industries and Drives segment are focused on intensifying the use of information and communication technologies to speed up the digital transformation of process industries. Primary examples include innovative process automation architectures, highly efficient and intelligent power electronic modules, and integration of physical machines and processes into the IIoT.

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Emerson (US) held the second position in the field device management market in 2018. Founded in 1890 and headquartered in St. Louis, Missouri, Emerson Electric Co. (Emerson) is a public company that manufactures electric motors and fans. The company was founded by John Wesley Emerson and was established as The Emerson Electric Manufacturing Company in St. Louis, Missouri, US. The company is listed on the New York Stock Exchange (NYSE). Emerson primarily manufactures and develops process control systems, valves, and analytical instruments. It delivers products and services to industrial, commercial, and consumer markets. It operates in 2 segments: Automation Solutions and Commercial & Residential Solutions. For field device management, the company provides various hardware and software products, such as device communicators, field communicators, AMS device manager software. The company offers its automation solutions for various industries, such as automotive, chemicals, downstream hydrocarbons, food & beverages, oil & gas, pulp & paper, water & wastewater.  Honeywell, Rockwell Automation, Schneider Electric, and Siemens are a few major competitors of the company. The company has wide geographic presence in the US, Canada, Asia, Europe, the Middle East/Africa, and Latin America.

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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Gas Sensors Market with COVID-19 Impact Analysis - Global Forecast to 2026

 

The overall gas sensors market is expected to grow from USD 1.1 billion in 2021 to USD 1.5 billion by 2026; it is expected to grow at a CAGR of 7.0% during 2021–2026. Key factors fueling this market's growth include high demand for gas sensors in critical industries, formulation and implementation of various health and safety regulations globally, increasing integration of gas sensors in HVAC systems and air quality monitors, increasing air pollution level and need for air quality monitoring in smart cities, and increased demand for gas sensors in healthcare industry during COVID-19 pandemic. Deployment of IoT, cloud computing, and big data with gas sensors, growing adoption of gas sensors in consumer electronics, and increasing demand for miniaturized wireless gas sensors create a strong demand for gas sensor for efficient industrial operations in the midst of COVID-19.

Challenge: Decline in demand from oil and gas industry due to COVID-19

Gas sensors form an important part of the oil & gas industry. These sensors are used to detect harmful/combustible gases in exploration, enhanced oil recovery (EOR), well drilling, well completion, pigging, fracking, and refining. Recently, oil prices have plummeted to a new low, which has resulted in many exploration & production (E&P) and refining companies to cut capital expenditure and also curtail production. Owing to the aforementioned situation, many companies have delayed or cancelled their order for gas sensors, thus resulting in a decline in demand for gas sensors.

Oxygen gas sensor held the largest market share of gas sensor market in 2020

The oxygen gas sensor is expected to account for the largest share of the gas sensor market by 2026 as oxygen detectors, analyzers, and monitors are widely used in the automotive industry, smart cities & building automation, food & beverage industry, and other industrial applications. Medical equipment is another application area of oxygen sensors as they are used in incubators and other hypoxic life science products, anesthesia monitors, respirators, and oxygen concentrators.

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Automotive & transportation held largest share of gas sensor market in 2020

The automotive & transportation application is expected to continue to account for the largest size of the gas sensor market. The air quality in the vehicle cabin is majorly affected due to the entry of pollutant gases through the ventilation systems, lack of fresh air inflow resulting in low oxygen (02) concentrations, pollutants entering through window openings, and toxic gases entering via redirected exhaust fumes. Stringent environmental and safety regulations compel all automobile and transport OEMs to incorporate gas sensor solutions in their offerings.

Key Market Players

Honeywell Analytics (UK), MSA Safety Inc. (US), Amphenol (US), Figaro Engineering (Japan), Alphasense Ltd. (UK), Sensirion AG (Switzerland), Dynament Ltd. (UK), ams AG (Austria), MEMBRAPOR AG (Switzerland), and Senseair AB (Sweden) are a few major companies in the gas sensor market. Organic growth strategies, such as product launches and developments, is a focus of many of the companies mentioned above.

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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Display Market with COVID-19 Impact Analysis - Global Forecast to 2026

 

The global display market size was valued at USD 148.4 billion in 2021 and is projected to reach USD 177.1 billion by 2026. It is expected to grow at a CAGR of 3.6% during the forecast period. Surging adoption of OLED displays in various applications, increasing use of LED displays for video wall, TVs, and digital signage applications, growing demand for interactive displays in various applications, and rising demand for display-based medical equipment, including ventilators and respirators, due to COVID-19 pandemic are the key driving factors for the display market.

LCD technology to account for a larger share of the display market by 2026

LCD technology has been widely used in display products over the last few decades. Currently, many fields, such as retail, corporate offices, and banks, are using LCD-based products. The LCD segment held the largest market share in 2020 and was a relatively mature segment. However, LED technology is expected to record a prominent growth rate during the forecast period. Advancements in LED technology and its energy-efficient nature is driving the market for this technology. Factors like high competition from newer technologies, disruption in supply-demand ratio, and decline in ASPs of LCD display panels are expected to push the LCD display market toward negative growth during the forecast period. Moreover, Panasonic is planning to cease LCD production by 2021. Key TV manufacturers, such as LG Electronics and Sony, are undergoing massive losses due to the decline in demand for LCD panels.

Smartphones to account for a larger share of the display market by 2026

The market for smartphones is expected to hold a major share of the market. This growth will be propelled mainly by the increasing adoption of OLED and flexible displays by smartphone manufacturers. Shipment of high priced flexible OLED displays are increasing at a rapid rate; this trend is expected to continue during the forecast period. The smart wearables segment has emerged as the new growth avenue for the global display market. The demand for these devices is increasing rapidly, and with the high adoption of AR/VR technologies, the demand for smart wearables is expected to increase exponentially during the forecast period.

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APAC to witness the highest CAGR in the display market during the forecast period

APAC is expected to witness the highest CAGR during the forecast period. Growing number of display panel manufacturing plants and the speedy adoption of OLED displays are some other factors instrumental in the growth of the market in the region. The cost of labor is low in APAC, which reduces the overall manufacturing costs of display panels. This has attracted various companies to establish their new OLED and LCD panel manufacturing plants in this region. The consumer electronics, retail, BFSI, healthcare, transportation, and sports & entertainment industries are expected to contribute substantially to the growth of the display market in APAC. Additionally, rising adoption of display devices in various industries, especially in countries such as China, India, and South Korea, is a key factor supporting the market growth. Moreover, due to the COVID-19 pandemic, the demand for smartphones and laptops has increased because of work-from-home norms. Also, financial and education institutions are adopting digital teaching methods. These factors are contributing to the increased demand for small- and large-scale displays for commercial and business purposes.

Key Market Players

Samsung Electronics (South Korea), LG Display (South Korea), BOE Technology (China), AU Optronics (Taiwan), and INNOLUX (Taiwan) are among the major players in the display 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.

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Display Market worth $177.1 billion by 2026

 

The report "Display Market with COVID-19 Impact Analysis by Product (Smartphones, Wearables, Television Sets, Signage, Tablets), Resolution, Display Technology (LCD, OLED, Direct-View LED, Micro-LED), Panel Size, Vertical, and Geography - Global Forecast to 2026", size was valued at USD 148.4 billion in 2021 and is projected to reach USD 177.1 billion by 2026. It is expected to grow at a CAGR of 3.6% during the forecast period. Surging adoption of OLED displays in various applications, increasing use of LED displays for video wall, TVs, and digital signage applications, growing demand for interactive displays in various applications, and rising demand for display-based medical equipment, including ventilators and respirators, due to COVID-19 pandemic are the key driving factors for the display market.

LCD technology to hold major share of the display market during the forecast period.

Liquid crystal display (LCD) is a display technology that has been popular for years in most display panels. LCDs are bright, affordable, reliable, and provide excellent visual performance. LCD displays dominate the entire size spectrum of display panels (ranging from small devices like smartphones and wearables to medium-sized and large devices like monitors and televisions). LCD panels are most widely used in products such as TVs, monitors and laptops, and smartphones. To compete with other display technologies, LCDs have undergone several technological advancements in terms of substrate type (glass and plastic) and substrate manufacturing process (like A-Si, LTPS, and IGZO). To offer better picture quality, companies have also developed QD color enhancement films for LCDs.

Smartphones to hold major share of the display market during the forecast period.

The demand for smartphones has increased considerably in the recent past, which has increased the need for technologically advanced displays. Various smartphone manufacturing companies are now focusing on manufacturing smartphones equipped with technologically advanced displays, such as AMOLED. Smartphones mainly use small displays (LCD or OLED). OLED displays have made significant inroads; smartphones have become more sophisticated, attractive, user-friendly, and offer high-resolution displays.

APAC to witness a higher CAGR during the forecast period.

The high demand for display panels in countries such as South Korea, China, and Japan is the major factor for the dominance of APAC in the global market. Additionally, several key original brand manufacturers and the majority of display manufacturers are based in APAC. Many operations such as R&D, manufacturing, and assembling related to LCD and OLED displays are being shifted to China owing to the low cost associated with logistics operations associated with the delivery of end products in the display market. Since Samsung and LG Display are forgoing a part of their LCD display panel manufacturing operations in favor of OLED display panels, it is expected to create a void in the LCD display market. Chinese players, such as CSOT, BOE Technology, and Tianma Microelectronics, attempt to fill this void by opening new LCD display panel manufacturing plants in China. China is also emerging as a leading consumer product manufacturing hub with local players expanding their market share in all segments. These factors are expected to contribute to the growth of the display market in China.

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A few of the key players in the display market are Samsung Electronics (South Korea), LG Display (South Korea), Sharp (Foxconn) (Japan), Japan Display (Japan), Innolux (Taiwan), NEC Corporation (Japan), Panasonic Corporation (Japan), Leyard Optoelectronic (Planar) (China), BOE Technology (China), AU Optronics (Taiwan), and Sony (Japan).

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

Leading players in Industrial Vacuum Cleaner Market

 

The industrial vacuum cleaner market is expected to grow USD 681.3 million by 2023, at a CAGR of 4.88%. Benefits offered by industrial vacuum cleaners include the removal of tough deposits and hard stains from industries, continuous cleaning operations, and saving on the labor and man hours, which drive the industrial vacuum cleaner market growth. The awareness of safety and hygiene at workplaces is increasing day by day. Industries have their own unique set of cleaning challenges. Dirty and contaminated areas in industries can significantly impact the health of employees. Further, the Occupational Safety and Health Administration (OSHA), an agency of the United States Department of Labor, has stated the rules for clean and hygienic workplaces. Moreover, increasing labor cost in developing countries such as India and China drive the demand for industrial vacuum cleaners in those countries.

Major companies in this market are Alfred Kaercher GmbH & Co. KG (Germany), Nilfisk A/S (Denmark), Tennant Company (US), and Depureco Industrial Vacuums (Italy). Further, other major suppliers of industrial cleaning equipment including Nilfisk A/S (Denmark), Alfred Kaercher GmbH & Co. KG (Germany), and Tennant Company (US) dominated the industrial vacuum cleaner market in 2017. Additionally, several local or regional and specialist manufacturers of industrial vacuum cleaners are present in the said market.

Nilfisk is one of the leading companies providing industrial vacuums for industries across the world. Nilfisk plays a crucial role in the food and pharmaceuticals industries owing to its innovative product offerings and industry know-how. The company offers industrial vacuum cleaners to food & beverages, pharmaceuticals, metalworking, manufacturing, and textiles industries, among many others. The company has established strong presence in EMEA.

Kaercher is a German-based company that delivers high-quality and innovative industrial cleaning equipment, such as vacuum cleaners, sweepers, carpet cleaners, and high pressure washers. Kaercher adopted both organic and inorganic growth strategies. Till date, the company has more than 1,300 patents in cleaning technology.

Tennant is a US-based company that has significant experience in providing industrial cleaning solutions, with the aim to ensure the quality and safety of products. The company offers a variety of industrial vacuum cleaners. Recently, the company announced to acquire IPC Group, a manufacturer of industrial cleaning equipment. IPC has a concentrated business in the European market that will strengthen Tennant’s market position in Europe, and in the coming 2 to 3 years, this acquisition is expected to strengthen the company’s business in EMEA. IPC also offers industrial vacuum cleaners, which will expand Tennant’s product portfolio and market share. With the acquisition of IPC, Tennant has got a formidable position in the industrial vacuum cleaner market.

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Comac SpA (Italy), Nederman Holding AB (Sweden), Suiden Co., Ltd. (Japan), Hako GmbH (Germany), Eureka Forbes Limited (India), EXAIR Corporation (US), Diversey, Inc. (Tasky) (US), Numatic International Ltd. (UK), Ruwac Industriesauger GmbH (Germany), Kraenzle (Germany), Depureco Industrial Vacuums (Italy), among others, contribute significantly to the industrial vacuum cleaner 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

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USA: 1-888-600-6441

Leading Players in the Intelligent PDU Market

 

A power distribution unit (PDU) is a device fitted with multiple outputs designed to distribute electric power, especially to racks of computers and networking equipment located within a datacenter. The advanced version of a PDU is considered as an intelligent PDU, which provides real-time power distribution information; this helps in controlling, monitoring, and troubleshooting any issue pertaining to power management. Intelligent PDUs are widely used in datacenters as the number of connected devices in datacenters is high. The intelligent PDU market is likely to reach USD 2.01 Billion by 2023, at a CAGR of 8.4% between 2017 and 2023. The increasing demand for high-power capacities in high-power density environments is one of the major factors boosting the growth of the intelligent PDU market.

Cyber Power Systems (US), Raritan (US), Schneider Electric (France), Vertiv (US), and Eaton (Ireland) are some of the leading players in the intelligent PDU market. Product launches and developments, agreements, expansions, collaborations, partnerships, and acquisitions were the key strategies adopted by these players to gain a competitive edge in the market.

APC ranked first in the intelligent PDU market. It operates as a subsidiary of Schneider Electric (France). The company manufactures and provides a wide range of intelligent PDU products and related accessories. It has a strong brand image because of its innovative approach, technological excellence, high sustainability, and high-quality products. The company also has a strong geographical presence. The solutions offered by APC are classified into-business solutions, home solutions, and government & education solutions. It has formed alliances with several leading companies such as Cisco, Nutanix, NetApp, VMware, Hewlett Packard Enterprise, Intel, IBM, Microsoft, and Dell EMC. It offers intelligent PDUs with various features, including racks, power management equipment, cooling equipment, datacenter modules, security and environmental monitoring, software, and power distribution units.

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Cyber Power Systems ranked second in the intelligent PDU market. The company has a strategically balanced portfolio and a strong geographical presence. The company has a wide range of commercial, government, corporate, and other customers. The company has adopted various distribution channels, including authorized distributors, value-added resellers, system integrators, managed service providers, and online retail, to sell its PDUs. It has also won the Best UPS and power conditioning vendor award for 3 years consecutively. The company has adopted product launches and developments and agreements as its key growth strategies to grow in the market. For instance, in March 2017, the company launched a new metered-by-outlet PDU. This product launch has helped it strengthen its product portfolio.

Other companies involved in the development of intelligent PDUs include ABB (US), Black Box (US), Cisco Systems (US), Enlogic (US), Geist (US), Hewlett Packard Enterprise (US), Leviton (US), Rittal (Germany), Siemon (US), and Tripp Lite (US).

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

Market Leadership - Modular Instruments Market

 

The modular instruments market is expected to reach USD 2.11 billion by 2023, growing at the CAGR of 9.6% during the forecast period. Keysight Technologies, National Instruments, Viavi Solutions, Fortive Corporation, Astronics Corporation, Teledyne Technologies (Teledyne Lecroy), Rohde & Schwarz, AMETEK (VTI Instruments), Teradyne, and Pickering Interfaces, are among the major players in the market.

Keysight, a spin-off from Agilent Technologies, focuses on providing modular instruments for different applications. The company is one of key players in the modular instruments market and is backed by a robust engineering expertise. It emphasizes on innovating and maintaining its market position through R&D activities.

The company has expertise in developing measurement devices, and continuous innovation supported by R&D centers spread globally help it to meet customers’ ever-changing requirements. The company’s primary R&D and manufacturing sites are based in the US (California and Colorado), China, Germany, India, Japan, Malaysia, Singapore, and Spain. It has adopted various organic and inorganic growth strategies to strengthen its presence in the modular instruments market.

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National Instruments provides modular instruments for R&D purposes and helps engineers and scientists in designing, prototyping, and deploying systems for various applications. The company is currently focusing on product innovation, and its future market strategy is to expand customer base by acquiring new technologies and expertise for launching new products. In the past, the company has collaborated with other key market players such as Astronics, Anritsu, and Fortive (Tektronics and Fluke).

National Instruments heavily invests in R&D to develop new, innovative, and precise instruments, which has helped the company to stay competitive in the modular instruments market. It also provides a range of software modules for customers to choose from.

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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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Gas Sensors Market worth $1.5 billion by 2026

 

According to a research report "Gas Sensors Market with COVID-19 Impact Analysis by Gas Type(Oxygen, Carbon Monoxide, Carbon Dioxide, Nitrogen Oxide, Volatile Organic Compounds, Hydrocarbons), Technology, Output Type, Product Type, Application, and Geography - Global Forecast to 2026", published by MarketsandMarkets, the overall gas sensors market is expected to grow from USD 1.1 billion in 2021 to USD 1.5 billion by 2026; it is expected to grow at a CAGR of 7.0% during 2021–2026. Key factors fueling this markets growth include high demand for gas sensors in critical industries, formulation and implementation of various health and safety regulations globally, increasing integration of gas sensors in HVAC systems and air quality monitors, increasing air pollution level and need for air quality monitoring in smart cities, and increased demand for gas sensors in healthcare industry during COVID-19 pandemic. Deployment of IoT, cloud computing, and big data with gas sensors, growing adoption of gas sensors in consumer electronics, and increasing demand for miniaturized wireless gas sensors create a strong demand for gas sensor for efficient industrial operations in the midst of COVID-19.

Oxygen gas sensor is expected to gain a significant share of gas sensor market by 2026

The oxygen gas sensor is expected to account for the largest share of the gas sensor market by 2026 as oxygen detectors, analyzers, and monitors are widely used in the automotive industry, smart cities & building automation, food & beverage industry, and other industrial applications. Medical equipment is another application area of oxygen sensors as they are used in incubators and other hypoxic life science products, anesthesia monitors, respirators, and oxygen concentrators.

Based on application, Smart cities & building automation to witness the highest CAGR in Gas sensor market during 2021–2026

The gas sensor market for the smart cities & building automation application is expected to grow with the highest CAGR during the forecast period. The rising environmental pollution levels and increasingly degrading indoor air quality have created a significant demand for gas sensors for HVAC and air quality monitoring applications. In smart cities, gas sensors can be used for environmental monitoring applications to monitor air quality, which includes weather stations and monitoring of the environment at public places. Major gases that are monitored include CO, CO2, SO2, NO, NO2, and VOCs. Increasing projects of smart cities in developing countries are expected to drive the growth of the market.

Gas sensor market in APAC to grow at the highest CAGR during the forecast period

The gas sensor market for the smart cities & building automation application is expected to grow with the highest CAGR during the forecast period. The rising environmental pollution levels and increasingly degrading indoor air quality have created a significant demand for gas sensors for HVAC and air quality monitoring applications. In smart cities, gas sensors can be used for environmental monitoring applications to monitor air quality, which includes weather stations and monitoring of the environment at public places. Major gases that are monitored include CO, CO2, SO2, NO, NO2, and VOCs. Increasing projects of smart cities in developing countries are expected to drive the growth of the market.

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Key players in the market include Honeywell Analytics (UK), MSA Safety Inc. (US), Amphenol (US), Figaro Engineering (Japan), Alphasense Ltd.(UK), Sensirion AG (Switzerland), Dynament Ltd. (UK), ams AG (Austria), MEMBRAPOR AG (Switzerland), and Senseair AB (Sweden). These players are increasingly undertaking product launches and developments, acquisitions, partnerships, and expansions, to increase their market shares.

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

Market Leader - Media Gateway Market

 

The media gateway market is expected to reach USD 2.19 billion by 2023, at a CAGR of 1.46% between 2018 and 2023. This market has been segmented on the basis of type, technology, vertical, and geography.

The media gateway market is dominated by established players. Partnerships, collaborations, acquisitions, product launches and developments, and agreements are some of the major strategies adopted by market players to grow in the media gateway market, and to expand their global presence and increase their market shares.

Nokia Networks is one of the major players in this market. The company offers a wide range of networking solutions, which allows it to serve many enterprises in the financial, healthcare, consumer, and industrial sectors for the business-critical applications. These solutions are also widely deployed in the government, oil and gas, transportation, and utility sectors for the mission-critical applications. Moreover, many leading service providers and network operators deploy its solutions to provide enhanced-quality services. The company also focuses on its inorganic growth by acquiring other companies or partnering with others competitors in the market, which has helped it gain a wide customer base all over the world.  The new Wi-Fi solutions expand the portfolio of Nokia with meshed Wi-Fi gateways and beacons along with enabling the company to deliver a new Wi-Fi Home Portal for service providers, introduce a mobile application for users, and provide new software functions and analytics tools to improve network intelligence.

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Ericsson focuses on the strategic growth of growth of its business by strengthening its offerings through mergers and acquisitions. The company ensures cost-efficiency by implementing efficient pooling in the network to share and utilize the network resources in the best possible way. This cost-efficiency is directly attributed to the MGw pooling enabled by IP transport. M-MGw supports IP transport on all interfaces enabling the best possible end-to-end HD voice quality and bandwidth utilization. The company focusses on product launches and developments to combine all media plane solutions needed by mobile switching system and IP multimedia subsystem (IMS), in a single product that enables media gateways to be compatible with VoLTE and IMS.

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