UV Curing System Market worth $8.6 billion by 2026

The report "UV Curing System Market with Covid-19 Impact Analysis by Technology (UV LED, Mercury Lamp), Type (Spot Cure, Flood and Focused Beam, Conveyor), Pressure Type (High, Medium, Low), Application, Vertical and Geography - Global Forecast to 2026" The UV curing system market is projected to reach USD 8.6 billion by 2026 from USD 3.6 billion in 2021; it is expected to grow at a CAGR of 18.6% from 2021 to 2026. The growth of the UV curing system market in North America is mainly driven by large-scale funded programs by the government. Moreover, the high adoption rate and technological advancements also drive the growth of the UV curing system market in North America. The North American region is the largest market as the region is home to major players in the market such as Dymax (US), Phoseon (US), and Baldwin Technology (US). Stringent regulatory framework by agencies such as EPA (Environment Protection Agency) and the American Industrial Hygiene Association (AIHA) is playing a key role in the monitoring and commercialization of UV curing technology. The large share enjoyed by the region is due to the vast presence of various large—scale automotive and medical machinery manufacturers. The outbreak of the novel coronavirus is expected to affect the UV curing system market, but steady recovery is expected by 2022. The expansion of the market is due to the rising demand from the semiconductor & electronics industry as well as from the medical sector.  Developing countries in APAC have a vast growth potential as well as a favorable environment for product manufacturers. Therefore, the UV curing system market in APAC is expected to grow at the highest rate during the forecast period.

Growing inclination toward eco-friendly products, along with stringent regulations.

Regarding use of green products would further fuel the adoption of UV curing systems in APAC. Furthermore, greater benefits of UV Curing systems than traditional curing systems and rising demand of UV LEDs across industries are also favoring the growth of the UV curing system market in the region. High-growth prospects of UV curing technology in new applications and preference for UV technologies for print label and packaging due to COVID-19 are the major opportunities for the UV curing system market. On the other hand, factors such as the lack of awareness and high cost of UV curable coatings and limited depth of curing are restraining the growth of the UV curing system market. Risks related to hazardous effects of mercury present in UV mercury lamps, slowdown in production of manufacturing industries due to COVID-19 and cracking defects on UV curable coating products are few challenges that the manufacturers are facing.

In technology, the UV LEDs segment is expected to grow at the highest rate of the UV curing system market.

UV LED technology is expected to dominate the UV curing system market during the forecast period due to the increase in demand for energy-efficient LEDs and enhanced user experience. UV LEDs have a longer life span than mercury lamps and are environmentally friendly. Apart from these, UV LEDs do not use mercury, which harms health and causes life-threatening diseases. North America is expected to be the largest market for UV LED during the forecast period. This is due to its features such as instantaneous switching on and off, fast and uniform drying and curing, low heat emission, and low power consumption. North America adapts and changes quickly with the latest technologies and needs. The increased demand for UV LED is due to the increase in awareness of green energy and its minimal power consumption.

The bonding & assembling application segment, of UV curing system market is projected to hold a larger share during the forecast period.

 

The bonding & assembling segment accounted for the largest share of the UV curing system market in 2020, whereas the printing segment is expected to grow at the highest CAGR during the forecast period. UV LED is used for printing purposes. Benefits of using UV LED in printing are faster drying, eco-friendly, material versatility, color enhancement, and high-quality finishing. UV curing uses light instead of heat when drying. It takes only a couple of seconds to harden adhesives, inks, or coatings that have been used. This is much better than the traditional and outdated printing methods as the older technology made coatings shrink by more than half, so they werent too kind to the environment either. The UV LED segment is expected to grow at a higher CAGR during the forecast period. This high growth can be attributed to increased awareness of energy consumption and green energy. UV LED uses 50-70% less energy than mercury lamps.

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The UV curing system market in APAC is projected to have the highest CARG during the forecast period (2021-2026).

The UV curing system market in APAC comprises China, Japan, South Korea, India, and the Rest of APAC, which primarily includes Australia, Taiwan, Thailand, Indonesia, Singapore, Malaysia, the Philippines, and New Zealand. It is expected to be the fastest-growing market for UV curing system during the forecast period. China is expected to be the largest market for UV curing systems and is also expected to witness the highest CAGR during the forecast period. The use of UV-curable adhesives in the packaging sector is growing at a tremendous rate in the country, owing to their advantages over the usage of conventional adhesive systems used. The demand from industries, like consumer goods, food and beverage, and others for packing materials is increasing in China, owing to the increasing exports, as well as domestic consumption. China accounted for the largest share of 40% of the UV curing system market in APAC in 2020 due to the increased manufacturing activities and exports of UV curing systems from the country.  Countries such as China, Japan, India, and South Korea are major contributors to the growth of the UV curing system market in APAC. China and Japan are considered early adopters of UV technology in the electronics manufacturing industry. The growth prospective of the UV curing system market in APAC is promising with a steady growth rate in the near future. The COVID-19 pandemic has affected the market in APAC. However, a steady recovery in 2021 is expected, with significant chances of market expansion. The growing demand and implementation of policies that include emission control and eco-friendly products have led to innovations and developments in the UV curing industry.

Key Players of UV curing system Market:

Baldwin Technology (US), Dymax (US), Nordson (US), Excelitas Technologies (US), Heraeus (Germany), Phoseon Technology (US), Hönle (Germany), DELO (Germany), IST Metz (Germany), American Ultraviolet (US), Hanovia (US), Omron Corporation (Japan), Uvitron (US), Atlantic Zeiser (Germany), Benford UV (US), Miltec UV (US), Thorlabs (US), UVEXS Incorporated (US), GEW (EC) Limited (UK), APL Machinery Pvt. Ltd. (India), Kyocera Corporation (Japan), Senlian (China), Panasonic (Japan), DoctorUV (US), Shenzhen Naimeite (China), and Jenton International (UK).

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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.

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What are the major driving factors and opportunities in the DAQ system market?

 

Increasing need for real-time data monitoring in automotive as well as aerospace verticals, rising demand for high speed technologies like 5G as well as shift towards industry 4.0 are the key drivers and opportunities for the market.

What is the size of the global DAQ system market?

The global DAQ system market is expected to be valued USD 1.7 billion in 2021 and projected to reach USD 2.3 billion by 2026, at a CAGR of 5.5%.

Who are the star players in the global DAQ system market?

Companies such as National Instruments Corp (National Instruments, US), Keysight Technologies (US), Siemens Digital Industries Software (US), Spectris PLC (UK) & Fortive (US) fall under the star category. These companies cater to the requirements of their customers by providing customized products. Moreover, these companies have effective supply chain strategies. Such advantages give these companies an edge over other companies in the market.

What are the major strategies adopted by the key players?

Product launches and deals such as collaborations, partnerships and agreements are the major strategies adopted by the key players of DAQ system market.

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Which region contributes to the largest market share in DAQ system market during the forecast period?

North America contributes the largest market share in DAQ system market during the forecast period. .

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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.

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Pressure Washer Market with COVID-19 Impact - Global Forecast to 2026

 

The global pressure washer market size is expected to grow from USD 2.5 billion in 2021 to USD 3.0 billion by 2026, at a CAGR of 4.2%.

“Pressure Washer in APAC to grow at the highest CAGR”

APAC is expected to hold the largest growth rate of the global pressure washer market during the forecast period. There is a high demand for pressure washers in China due to rapid industrial growth and a rising population, which leads to an increase in residential activity. The country is one of the biggest exporters of pressure washer components. The agricultural industry is expected to be one of the key contributors to the growth of the pressure washer market in APAC during the forecast period. Increased adoption of pressure washers for cleaning farming equipment for better yield production and profitability is estimated to fuel the growth of the market in the region over the forecast period.

Residential/DIY application to hold the largest growth rate of the pressure washer market in 2020

The residential/DIY application is estimated to hold the largest CAGR during the forecast period. The COVID-19 pandemic outbreak has shut down professional cleaning services during the initial phase of 2020. This has shifted the consumer preferences from professional cleaning to the self-cleaning of vehicles, gardens, pools, and houses. Consumers are preferring electric and battery pressure washers, which generate pressure between 0 and 1500 PSI.

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Key Market Players

Alfred Kärcher SE & Co. KG (Germany), Briggs & Stratton (US), Generac Power Systems, Inc. (US), Nilfisk Group (Denmark) and Stanley Black & Dercker, Inc. (US) are a few major players in pressure washer 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.

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Data Acquisition (DAQ) System Market worth $2.3 billion by 2026

The report "Data Acquisition (DAQ) System Market with Covid-19 Impact Analysis by Offering (Hardware and Software), Speed (High Speed (>100 KS/S), Low Speed (<100 KS/S)), Application (R&D, Field and Manufacturing), Vertical, and Region - Global Forecast 2026", size is expected to grow from USD 1.7 billion in 2021 to USD 2.3 billion by 2026, at a CAGR of 5.5%. The market has a promising growth potential due to growing adoption of testing solutions especially in automotive & transportation and aerospace & defense and power & energy vertical in the near future. Rising emphasis on data monitoring in end user sectors, increasing implementation of Industry 4.0 as well as rising demand for high-speed connectivity technologies like the implementation of 5G and so on are driving the growth of DAQ system market.

The market has declined in 2020, mainly due to the impact of COVID-19. The supply chain was disrupted in 2020 due to the lockdown imposed by various governments and labor shortages in these industries due to travel restrictions that affected the DAQ system market. Though the market was impacted in 2020, it is expected to fully recover by 2021.

R&D is estimated to have the largest market share in application type in the said market during the forecast period

R&D is expected to contribute to the largest market size in the DAQ system market. R&D is carried out by all resident companies, research institutes, universities, and government laboratories all over the world. In R&D, DAQ systems acquire the component parameters and characteristics of prototypes and preproduction models. Heavy investments in R&D and the constant need for innovation and development of products are expected to grow the demand for DAQ systems in R&D applications. Many countries in APAC, such as India, China, Japan, and the Republic of Korea, are heavily investing in R&D, which is likely to increase the demand for DAQ systems.

Automotive & transportation vertical is estimated to be the fastest-growing market during the forecast period

The automotive & transportation vertical is expected to grow at the fastest rate due to the need for data analysis at various stages of the product’s lifecycle, ranging from R&D to field trials. DAQ systems are the ideal solutions for a variety of rail and transportation systems where data is used for the effective operation of transportation systems. By introducing DAQ systems, the substantial risks and costs associated with failures in transportation systems can be fixed by conducting advanced tests over normal product reliability tests. Furthermore, automobile manufacturers are focusing on reducing the time required to develop new products, which drives the need for real-time process monitoring during the design phase of components and motor vehicles. In addition, the increasing momentum toward widespread electrification of vehicles (EVs/HEVs), especially passenger vehicles, is also driving the DAQ system market for the automotive & transportation vertical.

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Asia Pacific is expected to grow at the highest rate

The market in APAC is expected to grow at the highest rate during 2021–2026. The global market players are experiencing increased demand for DAQ systems and solutions from countries such as China, Japan, India and South Korea. High investments in development of manufacturing facilities in countries such as China and India is also driving the growth of the said market in APAC. Furthermore, growing urbanization, rising disposable income, replacement needs, strict safety regulations, and technological innovations also help to drive the demand for DAQ system ad solutions in APAC.

Major players in the DAQ system market include National Instruments Corp (National Instruments, US), Keysight Technologies (US), Siemens Digital Industries Software (US), Spectris PLC (UK), Fortive (US), ADLINK Technology (Taiwan), AMETEK, Inc (US), Dewesoft d.o.o (Slovenia), Teledyne Technologies Incorporated (US) and Yokogawa Electric Corporation (Japan), among others.

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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Which is the potential market for the isostatic pressing market in terms of the region?

 

North America is one of the most mature markets for industrial automation. The region leads in terms of advanced automation technology and the use of advanced manufacturing techniques, including isostatic pressing. All these factors contribute to the growth of the smart manufacturing market in this region. The growing business outlook in the US, government-led initiatives to reform tax code, the announcement of packages for manufacturing and infrastructure companies, and the presence of major technology providers are boosting the adoption of isostatic pressing in the region.

Which are the major companies in the isostatic pressing market? What are their major strategies to strengthen their market presence?

The major companies in the isostatic pressing market are – Kobe Steel (Japan), Bodycote (UK), Kennametal (US), Arconic (US), Nikkiso (Japan), American Isostatic Presses (US), Engineered Pressure Systems (US), Pressure Technology (US), Shanixi Golden Kaiyaun (China), Fluitron (US), Sandvik Powder AB (Sweden), Insmart Systems (India), Isostatic Pressing Services (US), Frey & Co. (Germany), DORST Technologies (Germany), Aubert & Duval (France), and Aegis Technology (US). The market players have adopted expansions, partnerships, collaborations, and mergers & acquisitions as the key growth strategies and are also focusing on product launches.

What are the opportunities for new market entrants?

Increasing investments by players from aerospace & defense industry in installation of HIP units and growing demand for low-cost titanium and its alloys in automotive industry are some of the opportunities for the market.

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Which isostatic pressing is expected to dominate the isostatic pressing market during the forecast period?

The HIP system is a combination of the conventional HIP cycles with other heat treatment processes; these systems increase productivity and enhance process efficiency, owing to which their application in the powder metallurgy processes is increasing across the globe. Additionally, HIP-based processes play a vital role in the development of complex parts, such as spheres, valves, pipes, and rods, according to the requirements of various industries. .

About MarketsandMarkets™

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

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

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

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Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road            

Suite 430

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USA: 1-888-600-6441

Which are the major industries in Autonomous underwater vehicle (AUV) market?

 

The major industries in Autonomous underwater vehicle (AUV) market includes Military & Defense, Oil & Gas, Environment Protection & Monitoring, Oceanography, Archeology & Exploration, and Search & Salvage Operations.

Which are the major companies in the Autonomous underwater vehicle (AUV) market?

The Autonomous underwater vehicle (AUV) market was dominated by Kongsberg (Norway), Teledyne Technologies (US), Fugro (Netherlands), Bluefin Robotics (General Dynamics) (US), and Saab AB (Sweden).

Which are the leading countries in the Autonomous underwater vehicle (AUV) market?

APAC is expected to grow at the highest CAGR by 2026. Countries such China, Japan, and India are expected to be the major contributors to the market in APAC. Factors such as increased military spending, growing need for energy in emerging economies, and the rising adoption of AUVs in various application areas are driving the growth of the AUV market in APAC.

APAC is expected to hold the largest share in the Autonomous underwater vehicle (AUV) market by 2026.

The rising military capabilities of developing nations such as India and South Korea are expected to boost the demand for AUVs in APAC.

Which industry is expected to witness significant demand for Autonomous underwater vehicle (AUV) in the coming years?

The market for military & defense is expected to hold a major share of the market during the forecast period attributed to countries such as the US, Canada, France, and China are increasingly adopting AUVs for military & defense applications.

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How will COVID-19 impact on the penetration of Autonomous underwater vehicle (AUV) market?

The impact of COVID-19 on the AUV market and on consumer demand is currently unclear. However, it is estimated that there would be a short-term reduction in the production of AUVs as the oil & gas industry, which is the largest consumer of AUVs, is facing a shortage in demand for oil & gas. .

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

What are the drivers and opportunities for the printed electronics market?

 

Factors such as growth of the consumer electronics industry and increased adoption of IoT by end-use industries are among the driving factors of the printed electronics market. Moreover, promising newer applications of printed electronics in healthcare and the increased focus on smart packaging to create lucrative opportunities in the printed electronics market.

Who are the major consumers of printed electronics that are expected to drive the growth of the market in the next 5 years?

The major consumers for printed electronics are automotive & transportation, consumer electronics, and healthcare industries are expected to have a significant share in this market. .

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What are the opportunities for new market entrants?

There are significant opportunities in the printed electronics market for start-up companies. These companies can provide printed electronics solutions to healthcare and packaging industry. Also, they can develop printed electronic solutions that can be used to reduce electromagnetic interference associated with 5G technology

Which is the potential market for printed electronics in terms of the region?

The APAC region is expected to dominate the printed electronics market due to the presence of numerous consumers and raw material as well as printed electronics manufacturing companies.

Which are the major companies in the printed electronics market? What are their major strategies to strengthen their market presence?

The major companies in the Printed Electronics market are – Samsung Electronics Co., Ltd. (South Korea), LG Display Co., Ltd. (South Korea), Molex, LLC (US), Agfa-Gevaert Group (Belgium), and Palo Alto Research Center Incorporated (PARC) (US). The major strategies adopted by these players are product launches, expansions, partnerships, collaborations, agreements, and acquisitions.

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

High-Frequency Transformer Market worth $2.3 billion by 2026

 

According to the new research report "High-Frequency Transformer Market with COVID-19 Impact Analysis By Application (Power Supplies, Alternative Energy Inverters, Electronic Switching Devices, LED Lighting, Personal Electronics), Power Output, Vertical, and Region - Global Forecast to 2026" published by MarketsandMarkets, the global high-frequency transformer market size is expected to grow from USD 1.7 billion in 2021 to USD 2.3 billion by 2026, at a CAGR of 6.1%. The growth of this market is driven mainly by the rising trend of miniaturization of electronics and small form factor components in the consumer electronics and automotive verticals.

Power supplies application to hold the largest share of the high-frequency transformer market in 2021

The power supplies play a key role in all electronic devices, and the growing trend of component miniaturization is driving the demand for high-frequency transformers in both industrial and consumer markets. In this market, the switched mode power supply (SMPS) high-frequency transformer has facilitated the development of a large number of topologies to meet the design requirements. Some of these are push-pull, buck, boost, and buck-boost flyback. The demand for switched mode power supply transformers is increasing significantly due to their high performance and small size. They help to reduce the size and weight of electronic systems/devices used in various verticals.

Automotive vertical to grow with the highest CAGR in the high-frequency transformer market during the forecast period

The automotive segment is projected to grow at the highest CAGR from 2021 to 2026 due to the increasing application of high-frequency transformers in onboard and off-board chargers. Investments in electric vehicle charging infrastructure are consistently growing across countries such as the US, Germany, France, and China. The on-board and off-board chargers of electric vehicles are equipped with high-frequency transformers. Besides, these transformers are widely used in different systems of non-electric vehicles. APAC is expected to be the largest high-frequency transformer market for the automotive vertical as the demand for EVs/HEVs and on-board chargers and off-board charging stations is increasing significantly in the region.

The high-frequency transformer market in APAC is expected to grow at the highest CAGR from 2021 to 2026

APAC is expected to hold the largest growth rate of the global high-frequency transformer market during the forecast period. In the APAC region, the industrial sector is the largest contributor to the growth of the high-frequency transformer market. The region is one of the most prominent markets for high-frequency transformers due to the presence of some of the fastest-growing economies and high investments in the industrial sector. China is the largest manufacturing hub in the world owing to which the demand for high-frequency transformers is high in the country. The increasing investments in the industrial sector and growing adoption of technologies such as IIoT, robotics, and artificial intelligence for increasing production and enhancing operational efficiency are driving the growth of the APAC high-frequency transformer market. The region is one of the most prominent market for high-frequency transformers due to the presence of some of the fastest-growing economies and high investments in the industrial sector.

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Major companies operating in this high-frequency transformer market include TDK Corporation (Japan), Murata Manufacturing Co. Ltd. (Japan), Delta Electronics Inc. (Taiwan), Vishay Intertechnology, Inc. (US), and Würth Elektronik GmbH & Co. KG (Germany).

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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Market Leader - IoT Node and Gateway Market

 

The IoT node and gateway market was valued at USD 387.1 billion in 2020 and is projected to reach USD 566.4 billion by 2027; it is expected to grow at a CAGR of 6.7% from 2021 to 2027. The key factors driving the growth of the IoT node and gateway market include emergence of 5G technology, growing use of wireless smart sensors and networks, growing market for connected devices, increasing necessity of data centers due to rising adoption of cloud platforms, and others.

Cross-domain collaborations and government support for research and development of IoT technologies are creating opportunities for the IoT node and gateway market. Some of the key companies operating in the IoT node and gateway market are Intel Corporation, Huawei Technologies Co., Ltd., NXP Semiconductor N.V., Texas Instruments Incorporated, Cisco Systems, Inc., Hewlett Packard Enterprise, TE Connectivity Ltd., Advantech Co. Ltd., Dell Technologies, Microchip Technology Inc., Notion, Helium System Inc., Samsara Networks Inc., Beep Inc., Estimote Inc., Aaeon Technology Inc., Nexcom International Co. Ltd., STMicroelectronics N.V., Eurotech S.P.A, Adlink Technology Inc., Volansys Technologies, Embitel Technologies, Mitsubishi Electric Corporation, Lantronix, Inc., and Cradlepoint, Inc., and so on.

intel corporation has 6 major operating segments—Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IoTG), Non-Volatile Memory Solutions Group (NSG), Mobileye, and Programmable Solutions Group (PSG). Intel offers a range of solutions for various end-user industries. The company provides IoT products and solutions through its IOTG business segment. The company designs and manufactures advanced integrated digital technology platforms. It also develops and sells software and services primarily focused on security and technology integration. The security products offered by the company include data protection and encryption, database security, endpoint protection, network security, security management, server security, security information and event management (SIEM), and web security. The company’s IoTG segment offers products for retail, industrial, financial services and banking, education, government, building automation, transportation, and healthcare. It spends about 20% of its revenue on R&D every year. With such high investments in R&D, the company has vast product offerings for the IoT market with the latest technological advancements.

Huawei Technologies Co., Ltd., has 4 main operating segments, namely, Consumer Business, Carrier Business, Enterprise Business, and Others. The Enterprise segment offers a digital infrastructure by using new ICT technologies such as artificial intelligence, cloud, big data, Internet of Things, video, and data communication to provide products and services that help customers from government, public utilities, finance, energy, transport, motor vehicle, and other fields in digitalization.

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NXP Semiconductors N.V., its offerings can be used for a wide range of end-market applications, including automotive, industrial, Internet of Things (IoT), mobile, and communication infrastructure. It also produces secure connectivity solutions for embedded applications. The company engages with leading global original equipment manufacturers (OEM) and sell products in all major geographic regions. The company has a widespread presence with operations in about 30 countries along with a comprehensive customer base. It serves about 25,000 customers through its direct sales channel as well as through its network of distribution channel partners.

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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