Leading players in Industry 4.0 Market

 

The fourth industrial revolution (Industry 4.0) refers to a combination of several important innovations in digital technology that are expected to transform the manufacturing sector. The Industry 4.0 concept encompasses the digitalization of the horizontal and vertical value chain, innovations in products and services, and the creation of new business models. The key business drivers for this transformation include the need to improve customer experience, increase manufacturing speed to market, and reduce operational costs. Industry 4.0 focuses on the end-to-end digitalization of all physical assets and their integration with digital ecosystems of value chain partners. The industry 4.0 market is projected to grow from USD 64.9 billion in 2021 to USD 165.5 billion by 2026.

General Electric (US), Siemens (Germany), Honeywell International (US), ABB (Switzerland), Emerson Electric (US) is the key players in the waterjet cutting machine market.

General Electric (US)

General Electric (GE) is a technology and financial services company involved in the development and manufacture of products used in the generation, transmission, distribution, control, and utilization of electricity. The company is a pioneer in the development of digital twin, 3D printing, IoT and AI solutions. In June 2020, GE Digital launched the latest version of its Asset Performance Management (APM) software suite to allow companies in the asset and process-intensive industries, such as oil & gas, chemical, and power, to bring together data from all equipment across the plant and quantify risk reduction.

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Siemens (Germany)

Siemens is a global technology provider with core activities in the fields of electrification, automation, and digitalization. A global pioneer in the field of digital technology, the company offers state-of-the-art digital twin software and solutions. In July 2020, Siemens launched the Simatic Real-time Locating Systems (RTLS) plus SieTrace software that offers real-time location information, which customers can use to control their manufacturing processes during the COVID-19 crisis and design their operating procedures accordingly. In the event of an employee contracting COVID-19, the solution will enable companies to quickly and efficiently control how employees interact with one another, with the production line, and with the plant setup.

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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MarketsandMarkets™ INC.

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USA: 1-888-600-6441

Bank Kiosk Market by Type, Offering, Distribution | COVID-19 Impact Analysis | MarketsandMarkets

 

The bank kiosk market was valued at USD 744 million in 2021 and is expected to reach USD 1,311 million by 2026; it is anticipated to grow at a CAGR of 12.0% during the forecast period. The factors such as rising demand for self-service in banking and financial services applications, enhanced customer services offered by banking kiosks, and reduction in overall operational costs—are the key factors driving the bank kiosk market.

COVID-19 Impact on the Global Bank Kiosk Market

The world is battling an economic crisis caused by the COVID-19 pandemic. The pandemic has affected various industries, such as automotive, semiconductor, and energy. The manufacturing units are highly affected due to the worldwide lockdowns and limited availability of labor and raw materials. The bank kiosk market witnessed a significant decline in its growth in 2020 owing to the spread of COVID-19. The outbreak has adversely impacted the supply chain of the bank kiosk market, as some of the prominent players are based in China, which is the epicenter of the pandemic. Currently, the key market players are focusing on maintaining and generating operating revenue, due to which there were limited developments in the market in 2020.

The enhancement in customer services offered by banking kiosks is driving their demand. Traditional automatic teller machines (ATMs) have basic features such as cash and check deposits and cash withdrawals. However, they cannot provide other banking services and experiences. Bank kiosks enable customers to perform all the banking operations, such as account opening and closure, bills and loans payment, financial statement inquiries, and cash deposits and withdrawals using a passbook, all in a user-friendly environment.

Multi-function kiosks to account for the largest share of bank kiosk market in 2020

Based on the type, the bank kiosk market has been divided into single-function kiosk, multi-function kiosk, and virtual/video teller machine. Multi-function Kiosk held the highest share in 2020. Factors such as less capital expenditure in application development, equipment purchases, installation, and maintenance are pushing the banks to adopt multi-function kiosks over single-function kiosks thereby, driving the growth of bank kiosk market.

Indoor segment to account for the largest share of bank kiosk market during the forecast period

On the basis of location, the bank kiosk market is categorized into indoor and outdoor. Indoor bank kiosks are used in places with limited space and can help attract customers if placed in a crowded place. The growing interest in automation and self-service technologies in the banking and financial service sector is contributing to the larger share of indoor kiosks.

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APAC is leading the market for bank kiosk in 2020

APAC held the largest share in the bank kiosk market in 2020. The key reason behind the growth of the bank kiosk market in APAC is the rapidly expanding banking and financial services sector in countries such as India and China. For instance, in India, various initiatives and schemes by the Reserve Bank of India (RBI) and the Government of India have been launched to expand the footprint of banking and financial services in areas with lesser or no penetration.

Key Market Players

Major players operating in the bank kiosk market are NCR Corporation (US), Diebold Nixdorf (US), GLORY LIMITED (Japan), GRGBanking (China), KAL ATM Software GmbH (Germany), Auriga SpA (Italy), Hitachi-Omron Terminal Solutions (Japan), and Cisco Systems, Inc. (US), and so on.

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

 

Bank Kiosk Market worth $1,311 million by 2026

 

The report "Bank Kiosk Market with COVID-19 Impact Analysis by Type (Single-function Kiosk, Multi-function Kiosk, Virtual/Video Teller Machine), Location (Indoor, Outdoor), Offering, Distribution and Geography - Global Forecast to 2026", was valued at USD 744 million in 2021 and is expected to reach USD 1,311 million by 2026; it is anticipated to grow at a CAGR of 12.0% during the forecast period. The factors such as rising demand for self-service in banking and financial services applications, enhanced customer services offered by banking kiosks, and reduction in overall operational costs are the key factors driving the bank kiosk market.

Multi-function kiosks to account for the largest share of bank kiosk market in 2020

Based on the type, the bank kiosk market has been divided into single-function kiosk, multi-function kiosk, and virtual/video teller machine. Multi-function Kiosk held the highest share in 2020. Factors such as less capital expenditure in application development, equipment purchases, installation, and maintenance are pushing the banks to adopt multi-function kiosks over single-function kiosks thereby, driving the growth of bank kiosk market.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=139905211

Indoor segment to account for the largest share of bank kiosk market during the forecast period

On the basis of location, the bank kiosk market is categorized into indoor and outdoor. Indoor bank kiosks are used in places with limited space and can help attract customers if placed in a crowded place. The growing interest in automation and self-service technologies in the banking and financial service sector is contributing to the larger share of indoor kiosks.

APAC is leading the bank kiosk market in 2020

APAC held the largest share in the bank kiosk market in 2020. The key reason behind the growth of the bank kiosk market in APAC is that the governments in APAC countries are making efforts to enhance the development of the fintech industry and provide new, innovative banking solutions. The main aim behind the increased adoption of fintech is to attract international innovators in the market and take banking to the next stage. The deployment of self-service kiosks is also increasing, especially for the population that prefers banking through interactive kiosks than traditional banking.

Some of the key companies operating in the market are NCR Corporation (US), Diebold Nixdorf (US), GLORY LIMITED (Japan), GRGBanking (China), Hyosung TNS Inc. (Japan), KAL ATM Software (Germany), and so on.

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

Key Players in the Energy Harvesting System Market

 

The energy harvesting system market is estimated to be worth USD 468 million in 2021 and is projected to reach USD 701 million by 2026, at a CAGR of 8.4 %. The growing demand for safe, power-efficient, and durable systems that require minimum or no maintenance, surging implementation of IoT devices in automation and energy harvesting systems for building and home automation, increasing trend for green energy and favorable initiatives

ABB (Switzerland), Linear Technology (US), Convergence Wireless (US), Cymbet (US) and EnOcean (Germany) are some of the major companies across the globe in energy harvesting system market. The companies in the energy harvesting system market have adopted various strategies in such as partnerships, collaborations, and acquisitions to grow in the energy harvesting system market. The organic and inorganic strategies have helped the players in the market to expand themselves globally with innovative offering in the energy harvesting system market.

ABB (Switzerland) provides industrial services for energy, utilities, transport, and infrastructure sectors. It operates through business divisions, namely, Electrification, Motion, Industrial Automation, and Robotics & Discrete Automation. The company offers its sensor modules based on energy harvesting under the Discrete Automation segment. The products offered by the company operate on Wireless HART technology, offering wireless communication for these sensors.

Linear Technology (US) designs and manufactures a broad line of standard high-performance integrated circuits. It offers a wide range of ultra-low-power ICs for energy harvesting applications. Power management products offered by the company help to store and manage energy converted from vibration (piezoelectric), photovoltaic (solar), and thermal (TEC, TEG, thermopiles, and thermocouples). The company was acquired by Analog Devices (Massachusetts, US) in a deal of USD 14.8 billion in 2017.

Convergence Wireless (US) has a patented solution for building lighting and control, with auto-installation technique and remote control maintenance. Convergence Wireless simplifies energy intelligence with the Site Sense Lighting (SSL) solution. The company offers various solutions such as photovoltaic-powered wireless sensors & self-powered switches, wireless modules, and building automation server /demand response module. Convergence Wireless provides lighting and control products for its customers to decrease energy consumption that occurred due to lighting and peak or high load. The lighting and control products include site sense lighting (SSL), smart grid standards, wireless networking technology, and unique lighting control system technology. The products support the IEFT and IEEE standards, and ZigBee protocol. The types of software designed for the products are radiofrequency independent and can function in any environment. The company’s wireless solution, SSL, can be connected to thousands of nodes in the building retrofits, efficiently controlling the sensors, switches, and light sources.

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Cymbet (US) provides power solutions for telecom, medical, renewable energy, and consumer electronics. The company has two major fabrication facilities in Elk River, MN, and Lubbock, TX. It is supported by investors with expertise in semiconductors, semiconductor materials, and battery technologies. Cymbet manufactures solid-state energy storage solutions for microelectronic systems. The company offers energy storage solutions for various ICs in medical products, sensors, industrial control systems, RFID systems, communication devices, and other electronic equipment. It mainly focuses on product innovation that helped the company to develop new products in the energy harvesting ecosystem. The uniqueness of the batteries provided by the company enables it to differentiate itself from other competitors in the market.

EnOcean (Germany) was incorporated in 2001 as a venture-funded spin-off company of Siemens AG. The company is an originator of patented energy harvesting wireless technology marketed under the brands Dolphin and Easyfit. EnOcean provides self-powered wireless solutions such as transmitters, receivers, and transceivers for the Internet of Things, primarily for building and home automation. EnOcean offers various products based on technologies, namely, 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 Alliance, an independent non-profit organization, based in California, has more than 400-member companies working in the area of building automation, and in over 400.000 buildings worldwide, EnOcean technology has already been deployed. 868 MHz, 902 MHz, and 928 MHz frequency bands are based on the EnOcean wireless standard. The companies in the EnOcean Alliance offer ~1,500 products, such as light switches, key card switches, building automation sensors (temperature, humidity, CO2, occupancy, lux, etc.), and moving floor panels worldwide. More recently, the company added modules and products based on the 2.4 GHz frequency band using Green ZigBee and Bluetooth Low Energy protocols. The company sells its products through distributors in Austria, Denmark, France, Germany, Greece, Israel, Belgium, Brazil, and Canada.

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 - Precision Aquaculture Market

 

The global precision aquaculture market is estimated to grow from USD 407 million in 2021 to USD 794 million by 2026; growing at a CAGR of 14.3%. Precision aquaculture technology has the potential to transform the aquaculture industry, making traditional aquaculture activities more efficient and economical. The growth of the precision aquaculture market is driven by factors such as growing investments in technological research and product innovation, the surging adoption of advanced technologies such as IoT, ROVs, and AI for the real-time monitoring of aquaculture farms, the rising demand for protein-rich aqua food, and increasing support by worldwide governments for infrastructure development in aquaculture

Key players in the precision aquaculture market are AKVA group (Norway), InnovaSea Systems (US), Steinsvik (ScaleAQ) (Norway), Deep Trekker (Canada), Aquabyte (US), Eruvaka Technologies (India), Akuakare (Turkey), CPI Equipment (Canada), Lifegard Aquatics (US), Bluegrove (Norway), Imenco AS (Norway), In-Situ (US), Signify (Netherlands), Jala Tech (Indonesia), Planet Lighting (Australia), Maritech Systems (Norway), OxyGaurd (Denmark), Aquaconnect (India), AquaMaof (Israel), MonitorFish (Germany), Observe Technologies (UK), Omso Systems (US), Optimar AS (Norway), and Sensorex (Norway).

AKVA group is one of the leading players in the precision aquaculture market. AKVA group is known for its fit-for-purpose solutions for the global aquaculture industry. Mergers and acquisitions, collaborations, and product launches have been the major strategies adopted by the company to increase its share in the precision aquaculture market. For instance, in 2018, the company acquired Egersund Net AS to gain a leading position in the precision aquaculture market and broaden its product portfolio and service offerings. AKVA group has recently strengthened its position for aquaculture technology products in the Americas with a strong market share in Canada and Chile by increasing its distribution and sales network in these regions. The company also plans to strengthen its position in Asia Pacific in the coming years through partnerships and alliances. It is also planning to develop a next-generation Polar Circle Cage Solution and fully electric boat for the aquaculture industry. The company should consider focusing on ensuring its growth in the precision aquaculture market by investing in underwater remotely-operated vehicles (ROVs) and advanced automation equipment for the aquaculture industry.

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InnovaSea is the global leader in developing and implementing leading-edge, sustainable, innovative, and fully-integrated commercial open-ocean fish farming systems. The company has dedicated resources that develop and commercialize innovative, fully integrated, and sustainable fish farming solutions for open-ocean aquaculture. It is well-known for its acoustic telemetry equipment used by researchers worldwide. InnovaSea uses acquisition as a major growth strategy to expand its business operations across the world. Innovasea Systems has acquired Amirix Systems whose subsidiaries, namely, Vemco and HTI-Vemco are the leaders in fish tracking and monitoring solutions for aquaculture researchers worldwide. This acquisition enabled InnovSea to integrate Amirix’s sensors, architecture, and established products into its aquaculture instrumentation to provide a complete integrated solution designed for monitoring aquaculture farms. The company should consider focusing on ensuring its growth in the precision aquaculture market.

Steinsvik (ScaleAQ) is a world-leading technology supplier to the global aquaculture industry. The company is a market leader in camera systems for the aquaculture industry since 1985. It has a strong presence in Western European countries, such as Norway, Ireland, and Scotland. The company could consider exploring new opportunities in developing countries in South America and Asia Pacific through partnerships and alliances with local distributors. It can also focus on penetrating its HD and 4K camera systems in new markets in the coming years.

Deep Trekker provides innovative remotely-operated vehicles for monitoring aquaculture feeding in real time. The DTG3 ROV product of the company offers high-end performance, reaching depths of 305 meters (1,000 ft.) and 12-hour battery life. The company has a strong product portfolio to fulfill the demands of the customers from the aquaculture industry. Underwater ROVs provided by the company are equipped with a 4K UHD camera, which can record footage and capture images in high definition. Deep Trekker has also developed the most intelligent technology platform called BRIDGE for efficient communication and enhanced functioning of underwater ROVs. The use of advanced algorithms in the BRIDGE platform ensures a seamless response between a controller and a vehicle from anywhere in the world. The company has a significant presence in countries such as Canada and Norway. Deep Trekker recently expanded its operations in South America through a new office in Chile.

Eruvaka Technology develops connected devices and mobile-based decision tools to ensure affordable monitoring and automation of aquaculture farms. The company’s IoT-based products allow farmers to actively monitor pond parameters and remotely control automated equipment, which reduces farming risk while increasing feed efficiency and shrimp growth. The company has a strong presence in South Asia. Recently, Eruvaka raised a Series B round of funding led by Nutreco to expand its footprint outside India. The company could consider focusing on expanding its business operations in Southeast Asia, North America, Latin America, and Europe.

Major players in the precision aquaculture market are mainly focusing on acquisitions and partnerships along-with new product launches to achieve continuous and sustainable development.

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

Energy Harvesting System Market by technology, component, application | COVID-19 Impact Analysis | MarketsandMarkets

 

The energy harvesting system market is estimated to be worth USD 468 million in 2021 and is projected to reach USD 701 million by 2026, at a CAGR of 8.4 %. The growing demand for safe, power-efficient, and durable systems that require minimum or no maintenance surging implementation of IoT devices in automation and energy harvesting systems for building and home automation increasing trend for green energy and favorable initiatives by governments rising adoption of wireless sensor networks equipped with energy harvesting systems are some of the prominent factors for the growth of the energy harvesting system market globally.

COVID-19 Impact on the Global Energy Harvesting System Market

The emergence of COVID-19, a deadly respiratory disease that originated in China, has become a pandemic and has spread globally at a fast pace. The impact of COVID-19 on the energy harvesting system market is currently limited, but the adoption of energy harvesting solutions may reduce more than expected in the short term as many service providers and integrators are involved in managing the unprecedented pandemic. The US is a major hub for the adoption of energy harvesting systems in applications such as building and home and industrial automation. Europe is home to many major players in manufacturing energy harvesting systems. With COVID-19 still impacting many economies across the world, it is impossible to predict the accurate impact on the energy harvesting system market. As there are several suppliers of components and devices in Europe, the impact of lockdown is expected to affect global players. The disruption caused by the shortage of semiconductor components has resulted in a delay in the development of new energy harvesting modules and products. This has further stagnated the growth of existing orders received for energy harvesting systems.

Light energy harvesting technology held the major market share in the energy harvesting system market in 2020

The light energy harvesting technology segment, especially the solar energy harvesting technology segment, held the largest market size in 2020, and the same trend is likely to continue in the next few years owing to the increase in the manufacturing of solar-based products and the growing efficiency of photovoltaic cells. Solar energy is the most widely available natural resource that can be easily converted into electricity. The vibration energy harvesting segment is expected to account for the second-largest share of the market owing to the use of products such as piezoelectric devices in various applications, such as industrial and transportation.

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Energy harvesting system market for building and home automation application to grow at the highest CAGR during the forecast period

In 2020, the building and home automation application accounted for the largest share of the energy harvesting system market, in terms of value, owing to the increasing adoption rate of wireless sensor networking (WNS) and Internet of Things (IoT) for home automation and control systems, which implement energy harvesting devices and sensors. The industrial application held the second-largest size of the market for energy harvesting systems used in industrial sensors for measurement and control.

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

Industry 4.0 Market by Technology, Industrial 3D Printing, Machine Vision, Digital Twin| COVID-19 Impact Analysis | MarketsandMarkets

 

The industry 4.0 market is projected to grow from USD 64.9 billion in 2021 to USD 165.5 billion by 2026; it is expected to grow at a CAGR of 20.6% from 2021 to 2026. The key factors fueling the growth of the industry 4.0 market include rapid adoption of Artificial Intelligence (AI) and Internet of Things (IoT) in manufacturing sector, increasing demand for industrial robots in pharmaceutical and medical device manufacturing sector, rising government investments in 3D printing and additive manufacturing, and growing adoption of blockchain technology in manufacturing industry. Additionally, increasing application of AI and IoT in medical wearables is expected to create a growth opportunity for the industry 4.0 market. 

COVID-19 impact on the Industry 4.0 Market

The outbreak of the COVID-19 pandemic has significantly impacted the major countries contributing to the Industry 4.0 market. Various regions are still affected, and governments in these regions are responding to the pandemic in different ways. With the COVID-19 pandemic continuing to rage in North America and developing Asian countries, the manufacturing sector is facing tremendous challenges. The US automotive industry, one of the world’s largest, has been stagnating since the 3rd quarter of 2020. The decreasing demand has caused various automotive companies to downsize their manufacturing activities across the region, rendering useless automation technologies such as IoT, AI, and Blockchain employed in these manufacturing units. Mexico is a big beneficiary of the automotive industry in North America. However, since automobile production has been significantly reduced, the Mexican automotive sector is also suffering a tremendous loss.

APAC projected to be the largest market for an industry 4.0 from 2021 to 2026

The increasing adoption of robotics in the manufacturing sector in China, Japan, and India is among the major factors leading to the growth of the Industry 4.0 market in APAC. Low production cost in APAC countries enables market players to set up manufacturing facilities in this region. APAC is also one of the fastest-growing regions in this market due to the continuous technological advancements, financial support from governments in the region, and extensive industrial base, with Japan and China being the major contributors.

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The industrial sensors segment to hold the largest size of industry 4.0 market by 2026

Industrial sensors are used to track, monitor, and maintain various equipment within a smart factory. These sensors form the basis of industry 4.0 ecosystem enabling connectivity throughout manufacturing operations.

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

Energy Harvesting System Market worth $701 million by 2026

 

The report "Energy Harvesting System Market with COVID-19 Impact Analysis by technology (light, vibration, RF, thermal), component, application (home and building automation, consumer electronics, industrial and security) and region - Global Forecast to 2026" The energy harvesting system market is estimated to be worth USD 468 million in 2021 and is projected to reach USD 701 million by 2026, at a CAGR of 8.4 %.

Growing demand for safe, power-efficient, and durable systems that require minimum or no maintenance surging implementation of IoT devices in automation and energy harvesting systems for building and home automation increasing trend for green energy and favorable initiatives by governments rising adoption of wireless sensor networks equipped with energy harvesting systems are some of the prominent factors for the growth of the energy harvesting system market globally.

Light energy harvesting to hold the largest market share during the forecast period in the energy harvesting system market

The light energy harvesting technology segment, especially the solar energy harvesting technology segment, held the largest market size in 2020, and the same trend is likely to continue in the next few years owing to the increase in the manufacturing of solar-based products and the growing efficiency of photovoltaic cells. Solar energy is the most widely available natural resource that can be easily converted into electricity. The vibration energy harvesting segment is expected to account for the second-largest share of the market owing to the use of products such as piezoelectric devices in various applications, such as industrial and transportation.

The use of energy harvesting systems for building and home automation application is expected to witness the highest growth rate during the period 2021 and 2026

In 2020, the building and home automation application accounted for the largest share of the energy harvesting system market, in terms of value, owing to the increasing adoption rate of wireless sensor networking (WNS) and Internet of Things (IoT) for home automation and control systems, which implement energy harvesting devices and sensors. The industrial application held the second-largest size of the market for energy harvesting systems used in industrial sensors for measurement and control.

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Americas to hold the largest share of the energy harvesting system market during the forecast period

The Americas is expected to dominate the energy harvesting system market, followed by Europe, in the near future. This growth in the Americas can be attributed to the high adoption of energy harvesting technology in building automation, industrial sensor networks, and transportation.

The report profiles key players such as ABB, Linear Technology, Convergence Wireless, Cymbet, EnOcean, Fujitsu, Honeywell, ST Microelectronics, Powercast Corporation and Texas Instruments.

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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USA: 1-888-600-6441

Industry 4.0 Market worth $165.5 billion by 2026

 

According to the new market research report "Industry 4.0 Market by Technology (Industrial Robots, Blockchain, Industrial Sensors, Industrial 3D Printing, Machine Vision, HMI, AI in Manufacturing, Digital Twin, AGVs, Machine Condition Monitoring) and Geography - Global Forecast to 2026", The industry 4.0 market is projected to grow from USD 64.9 billion in 2021 to USD 165.5 billion by 2026; it is expected to grow at a CAGR of 20.6%from 2021 to 2026. 

Increasing adoption of the industrial internet worldwide in manufacturing units and growing focus on enhanced efficiency of machinery and systems and reduced production costs play a significant role in the growth of the market worldwide. Also, the growing demand for industrial robotics is expected to fuel the growth of the Industry 4.0 market

5G Market is expected to commercialize in late 2019 and is expected to grow at highest CAGR during forecasted period.

The speed and reliability of 5G are expected to have a massive impact on M2M and IoT. Key reasons for the increased adoption of new M2M technologies are better connectivity for smooth communication and low power requirement. To achieve effective machine-to-machine communication, the existing capacity of mobile networks must be able to handle billions of nodes that are expected to ascend in the next couple of years. Currently, the network capacity is inefficient to handle M2M and human-based communications, as well as their different communication patterns such as latency time.

IoT is expected to hold largest market share of industry 4.0 market during forecasted period

Internet of Things (IoT) in the industrial sector, has given rise to a new concept known as the Industrial Internet of Things (IIoT), also known as Industrial Internet or Industry 4.0. IoT in the industrial sector brings together advancements of two transformative revolutions, namely, the countless machines, facilities, fleets, and networks that emerged from the industrial revolution and the more recent powerful advancements in computing, information, and communication systems brought about by the internet revolution.

APAC is expected to hold largest market share of Industry 4.0 market during forecasted period

An increase in the adoption of robotics in countries such as China, Japan, and South Korea is among the major factors leading to the growth of the Industry 4.0 market in APAC. Also, low production cost in APAC countries enables manufacturers to set up manufacturing facilities in this region. APAC is projected to grow at the fastest rate, considering continuous technological advancements and financial support from the governments in the region, as well as extensive industrial base, with Japan and China being the major contributors. China has been working on an innovative industrial practice by implementing automation technologies in manufacturing companies.

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The major players in the Industry 4.0 market are ABB (Switzerland), Mitsubishi (Japan), Yaskawa (Japan), KUKA (Germany), FANUC (Japan), General Electric (US), IBM (US), Cisco (US), Microsoft (US), Stratasys (US), Google (US), Intel (US), HP (US), Siemens (Germany), Ansys (US), AIBrain (US), SAP (US), Amazon Web Services (US), and General Vision (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 - RFID and Barcode Printer Market

 

The global RFID and barcode printer market size was valued at USD 3.9 billion in 2021 and is projected to reach USD 5.3 billion by 2026. It is expected to grow at a CAGR of 6.4% during the forecast period. Increasing installation of RFID and barcode systems in manufacturing units to improve productivity to tackle the impact of COVID-19, growing use of RFID and barcode printers in flourishing global e-commerce industry, surging need for improvement in inventory management, and rising demand for mobile printers based on wireless technologies are the key driving factors for the RFID and barcode printer market.

The RFID and barcode printer market comprises major players such as Zebra Technologies Corp. (US), SATO Holdings Corporation (Japan), Honeywell International (US), Seiko Epson Corp. (Japan), AVERY DENNISON CORPORATION (US), BIXOLON (South Korea), GoDEX International (Taiwan), Toshiba Tec Corporation (Japan), Star Micronics (US), Printronix (US), Primera Technology (US), Postek Electronics (China), Wasp Barcode Technologies (US), and Brother International Corporation (US). These top players have strong portfolios of OLED products and a presence in both mature and emerging markets.

Zebra Technologies Corporation designs, manufactures, and sells computerized barcode laser printers. It provides barcode and labels printing solutions, including printers, RFID readers, printing software, and real-time locating systems (RTLS). The broad portfolio of solutions of the company gives real-time visibility into everything, right from products to physical assets, to its customers. Zebra Technologies Corporation provides precise operational data about the location of products and their condition. Zebra Technologies Corporation classifies its operations into two categories: Enterprise Visibility & Mobility and Asset Intelligence & Tracking. The Enterprise Visibility & Mobility segment includes mobile computing and data capturing solutions, along with wireless local area network (WLAN) products. The Asset Intelligence & Tracking segment offers barcode and card printing solutions, along with location and motion sensing solutions. The company has a presence in more than 45 countries and has 100+ offices globally.

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Zebra Technologies Corporation has a strong product portfolio in the RFID and barcode printer market. It focuses on developing innovative products and solutions. The company aims at strengthening its product development teams across the world to carry out innovations in its products. Zebra Technologies Corporation expands its product lines regularly. It has ~2,000 trademarks and 4,000 patents registered worldwide. The research and development team of the company focuses on developing printing devices for use in different industries. It has adopted the strategies of partnerships and acquisitions for profitable and sustainable growth. The company offers a wide range of printers. It aims at providing its customers with value-added products and focuses on emerging technologies related to RFID and barcode printers.

SATO is a leading provider of integrated automatic ID solutions equipped with barcode and RFID technologies. It focuses mainly on data collection and labels printing solutions. The company operates through two main business segments, namely, Automated Recognition Solutions (which includes printers, RFID printers, software, etc.) and Materials. SATO has partnered with world-class companies, ranging from third-party equipment manufacturers to integrators. These partnerships add value to the customer base of the company. SATO has sales, manufacturing, and research and development operations in 25 countries across the Americas, Europe, and APAC. It has business operations in over 90 countries worldwide.

SATO Holdings is a well-known provider of RFID and barcode printers for leading manufacturing, logistics, retail, food and beverage, and healthcare companies. It has more than 79 years of experience in the field of printing solutions. The company has a strong thermal printer product portfolio, which is further being strengthened by launching new products in the market. The key strength of SATO is its strong geographical presence. It has a strong grip on the market in APAC and is further firming its grip on this region by expanding its reach. The company operates through its branch offices and subsidiaries in 27 countries across the Americas, Europe, and 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

Northbrook, IL 60062

USA: 1-888-600-6441