Video Conferencing Market is poised to grow with a lucrative CAGR from 2021 to 2027 as digital ecosystems continue to evolve to manage distributed workforces.

Delaware, United States – July 23, 2021 /MarketersMedia/ —

The global video conferencing market revenue will be worth more than US$ 50 billion by 2026. As digital ecosystems continue to evolve, enterprises are increasingly embracing video conferencing technologies to manage their distributed workforces. Recent developments in video conferencing platforms is making online meetings and team collaboration better and easier to manage than ever. In wake of the ongoing COVID-19 pandemic, majority of corporate enterprises are increasingly switching to remote working and online collaboration tools to stop the spread of the virus.

In April 2020, the UK’s Office for National Statistics (ONS) reported that nearly 50% of the workforce across the country is expected to work remotely in the upcoming years. European countries have witnessed one of the highest numbers of coronavirus cases in the world. With nationwide lockdowns in many of these countries, people have been encouraged to work from home, which has resulted in a rapid upsurge in the use of online collaboration tools and conferencing platforms.

Following are some of the major trends propelling the adoption of these platforms in the near future.

• Expansion of telemedicine and teleconsulting
Over the past several years, the healthcare sector has emerged to become a major adopter of video conferencing solutions. With a rising occurrence of chronic diseases, a large geriatric population, and financial constraints in many regions has led to the adoption of telemedicine. Teleconsulting solutions enable healthcare service providers to reach out and serve a greater number of patients remotely.

Video conferencing technologies enable remote treatment of patients and improve the collaboration between healthcare professionals, patients, students, and other affiliated parties. The American Hospital Association revealed in February 2019 that 76% of hospitals in the U.S. connect with patients through video conferencing and other technologies.

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• Room-based systems to garner momentum
Video conferencing solutions are rapidly gaining popularity in room-based systems. Conventional online meeting rooms are increasingly being replaced by huddle rooms and smaller spaces. Huddle rooms are basically smaller conference workplaces and areas that can usually accommodate up to six participants.

Rapid digital transformation at the workplace and growing use of software-based communications has led to a greater adoption of video conferencing in huddle rooms. These small rooms are typically equipped with video, audio, and display technologies to provide staff with a productive working environment.

• Robust internet infrastructure in Europe
Europe is likely to emerge as a key video conferencing market, mainly on account of a well-established internet infrastructure in the region. Europe has one of the fastest broadband connections in the world, led by Denmark, Luxembourg, and Sweden, with an average speed of more than 40.1 Mbps. Favorable initiatives by the European Commission, including the Europe 2020 strategy to develop an ultra-fast broadband infrastructure and support smart and sustainable growth of the region will boost the adoption of video conferencing solutions.

Regional manufacturers are looking to implement advanced technologies such as 3D, artificial intelligence (AI), augmented reality (AR), and virtual reality (VR) to make remote business operations and team collaborations more convenient and efficient.

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Increasing Demand for Commercial Vehicle Telematics Driving the Growth of LTE-M Devices Market.

Hyderabad, India – July 24, 2021 /MarketersMedia/ —

The LTE-M Devices Market size is forecast to reach $6.2 billion by 2026, growing at a CAGR of 25.4% in the period 2021-2026. LTE-M stands for Long-Term Evolution for Machines is the Mobile IoT technology that denotes benefits such as enhanced security features and extended coverage to low-cost devices. The rapid emergence of cellular IoT technologies, increasing demand for the wireless secure communications across diversified industry-verticals, for compelling solutions, such as long battery life, carrier-grade security and low data needs, are some of the notable factors that accelerate the market growth. In fact, the growing popularity of cellular technology and the widespread adoption of advanced IoT solutions, such as asset trackers, alarm systems, smart city controllers, smart metering, wearable, and other latest IoT-optimized wireless technologies are estimated to drive the LTE-M Devices Industry. Therefore, the augmentation of smart devices and other real time monitoring solution are estimated to boost the LTE-M Devices Market growth.

LTE-M Devices Market Segment Analysis – By Offerings

By offerings, the LTE-M Devices Market is segmented into Hardware, Software and Services. The Hardware segment is analyzed to hold a significant LTE-M Devices market share at 51.2% in 2020 owing to the large scale adoption of IoT technology hardware components such as chipset and modules to drive the power-saving benefits. In July 2020, Deutsche Telekom launched LTE-M in Germany, and offers a great variety of LTE-M modules and chipsets for enabling quality connectivity and faster user time-to-market. Furthermore, multitude of end-users are upgrading or opting to new low power WAN technologies including LTE-m to drive innovation, specifically, the areas such as, smart city, smart tracking and e-health, thereby driving the LTE-M Devices market growth.

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LTE-M Devices Market Segment Analysis – By End-Use Industry

By End-Use Industry, the LTE-M Devices Market is segmented into Agriculture, Food and beverage, Aerospace and Defense, Healthcare, Utilities, Transportation & Logistics, General Manufacturing, Consumer Electronics, Automotive, and others. The Utility sector is estimated to witness significant growth of 34.2% during 2021-2026 in the LTE-M Devices market, owing to considerable demand of IoT technology solutions to support low cost devices, seamless connectivity and power saving capabilities. In November 2020, Tele2 launched new LTE-M network, designed specifically for massive IoT applications, as LTE- M is a pivotal technology to deliver versatile applications across several industries. Thus, the growing introduction of IoT – connectivity offerings to serve huge demand for high-quality secure communication and versatile processes are likely to drive the growth of LTE-M Devices Market.

LTE-M Devices Market Segment Analysis – By Geography

Europe region is analyzed to dominate the global LTE-M Devices Market in 2020 with a share of 38.5%, as it is the major hub for Industrial automation. The significant demand for Cellular connectivity in IoT applications and potential investment to design enhanced manufacturing operations are estimated to drive the growth in the region. In July 2020, Deutsche Telekom completed the rollout of its 5G-ready LTE -M network across Germany. The LTE-M deployment of Deutsche Telekom enables faster user time-to-market and connectivity quality, which is commercially available in both post-paid and pre-paid IoT offerings, including its Business Smart Connect LPWA and M2M tariffs. North America is estimated to be the fastest growing region owing to the government initiative for smart city projects. In February 2020, U.S. Cellular, the fifth-largest full-service wireless carrier in the United States announced the launch of LTE-M network to some selective sites as the LTE-M network enables business organization in both urban and rural areas with more capabilities due to reliable,secure and cost-effective way to connect huge volume of Internet of Things (IoT) devices.

LTE-M Devices Market Drivers

Growing demand for Smart Agriculture solution

The growing demand for Smart Agriculture solution to carry out various agricultural activities with maximum utilization of the resources is projected to contribute the growth of the LTE-M Devices Market. LTE-M Devices offer a robust monitor operation that requires short range connection to aim defined productivity in farming. In December 2020, Vodafone India Foundation collaborated with Finnish telecoms gear maker Nokia to deploy a smart agriculture solution in India. The demonstrative ability of technology to transform agriculture into smart farming is witnessed to drive the market.

Increasing demand for commercial vehicle telematics

The commercial vehicle telematics offer improved transportation infrastructure and other Fleet management programs, such as remote communication, optimum vehicle performance and asset tracking, thereby influencing the growth of the market. The growing use of wireless technologies across the vehicle telematics market for safety towards automation, navigation and system diagnosis are creating abundant demand for connectivity solutions. In March 2020, AWS Marketplace launched LTE-M Asset Tracking Solutions, cellular-based Asset Tracking Solutions, which provide condition monitoring needs of critical remote assets.

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LTE-M Devices Market Industry Outlook

LTE-M Devices Market Top 10 companies include Qualcomm Incorporated, Telstra Corporation Limited, Sierra Wireless, Sequans Communications, MediaTek Inc, HiSilicon Semiconductor company, Nordic Semiconductor,Thales Group and among others.

Key Takeaways

The growing demand for Smart Agriculture solution to carry out various agricultural activities with maximum utilization of the resources is projected to contribute the growth.

The growing use of wireless technologies across the vehicle telematics market for safety towards automation, navigation and system diagnosis are creating abundant demand.

Europe region is analyzed to dominate the global LTE-M Devices Market in 2020 with a share of 38.5%, as it is the major hub for Industrial automation.

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Rising Concern Related to Safety of the Vehicle Driving the Growth of Automotive Door Hinge Market.

Hyderabad, India – July 24, 2021 /MarketersMedia/ —

Global Automotive Door Hinges Market size is forecast to reach $5.4 million by 2026, estimated to grow at a CAGR of 3.3% during 2021-2026. The rapid growth of the automobile sector is triggering the car latch door market. In addition, the rise of Pandemic has affected the automotive manufacturing industries, but with the deployment of certain safety guidelines, most of the companies have resumed operations. This resuming of operations will lead to an upsurge in the growth of the door hinge market during the forecast period 2021-2026. The projected growth of the automotive industry, both passenger vehicles, and commercial vehicles, post the pandemic will drive the market for Door Hinges. The increasing complexity of tailgate hinges and bonnet hinges will be the major factors driving the growth of the automotive hinge market, especially in the aftermarket segment.

Automotive Door Hinge Market Segment Analysis – By Application

Front Door hinge application held the largest market share at 37.2% in 2020 in the Automotive Door Hinges market in 2020. The rising growth of the automotive industry is highly fueling the demand for side door latch systems. Moreover, the increasing risk of accidents due to opening up of car door from wrong sides has raised the need for effective front and rear door hinge system. Additionally, the Federal Motor Safety Standard (FMVSS) 206 regulates the minimum strength of door hinges and latches in passenger carrying vehicles. These factors are thus surging the growth of the Automotive Door Hinges market. However, tailgate hinge and bonnet hinges will be the fastest growing markets.

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Automotive Door Hinge Market Segment Analysis – By Vehicle Type

Passenger Vehicles dominated the market in 2020 with a share of 70.2% in 2020 as a result of growing adoption in luxury vehicles. Passenger vehicles remains the major market for both keypad and keypad less entry in passenger vehicles. The need for improved security and personalized vehicles have been a major driver for market growth. Automotive companies are looking at methods to differentiate their vehicles and improved safety in door mechanisms including tailgate hinges and bonnet hinges have been utilized as a major sticking point in this regards.

Automotive Door Hinge Market Segment Analysis – By Geography

In 2020, Asia Pacific dominated the Automotive Door Hinges market with a share of more than 37%, followed by Europe and North America. The rising production of vehicles in countries such as China are leading to the acceleration of the market. However, the rise of pandemic has highly affected the manufacturing sector which will lead to slow down the market in the recent time. Thus, the adoption of certain guidelines in the manufacturing sector will promote safety to the workers leading to drive the growth of the market during the forecast period.

Automotive Door Hinge Market Drivers

Growth of Automobile Industry

The rising demand for vehicles are boosting the growth of the automobile industry. The growing demand for sport utility vehicles and other passenger cars are the major factors which are driving the need for Automotive Door Hinges market. The deployment of mass production techniques and the use of technology such as artificial intelligence, machine learning are further boosting the automobile industry which will in turn drive the growth of the market.

Rising Concern Related to Safety of the Vehicle

The rising need to provide safety to the driver and the passenger of the car is leading to the demand for efficient Automotive Door Hinges system. Furthermore, the technological advancements in the field of automotive sector has surged the demand for advanced tailgate hinges and bonnet hinges leads to increase vehicle safety and security concerns. These significant factors are thus propelling the Automotive Door Hinges system market.

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Automotive Door Hinge Market Challenges

Rise of Pandemic

The rapid rise of pandemic has resulted in slow down of several manufacturing industries which further includes the automotive sector. The production of vehicle has thus declined in 2020 which has also resulted in declining of the sales of the vehicles. These is also affecting the manufacturing of advanced Automotive Door Hinges systems that are integrated in the automobiles. Therefore, this key factor may lead to slow down the growth of the car latch market.

Automotive Door Hinge Market Landscape

The market of Automotive Door Hinges has been consolidated by the major players –Robert Bosch GmbH, Magna, Aisin Seiki, Dura Automotive, Continental, Brano Group, ER Wagner, Gestamp Group, DEE Emm Giken and ZF Friedrichshafen AG.

Acquisitions/Technology Launches

In May 2019, Magna International developed the Comfort+TM door latch hinge in order to address the concerns related to car door opening and closing, and further providing quietness in the cabin. This new Automotive Door Hinges reduces the efforts required to open and close the door and results in providing smooth consistent feel.

Key Takeaways

In 2020, the Automotive Door Hinges market was dominated by Asia Pacific owing to the growing vehicle production and rising sales of vehicles in China and other Asian Countries.

The increasing safety concerns during driving is the key factor that is driving the demand for advanced technologies in the Automotive Door Hinges system which is leading to the rising use of electronic latches.

The growth of the automobile industry with certain guidelines during the pandemic situation will further enhance the need for the efficient Automotive Door Hinges systems. .
The rapid rise of pandemic has highly hindered the manufacturing industry which has also hampered the production of vehicles thus leading to challenge the growth of the market.

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The Growing Emergence of New Marine Communication With Ubiquitous Connection for Exceptional Service Is Estimated to Drive the Small Satellite Market.

Hyderabad, India – July 24, 2021 /MarketersMedia/ —

The Small Satellite Market size is analyzed to grow at a CAGR of 18.2% during the forecast 2021-2026 to reach $8.2 billion. Small satellites, also termed as Smallsats are a class of flight-proven spacecraft, designed to meet high reliability mission requirements. The increasing popularity of these mini-satellites and nano-satellites is mostly due to their lightweight, versatile and inexpensive designs, integrated with the latest software and hardware improvements, which fuel the growth of the Small Satellite Industry. Hence, the affordable solution has broadened the diverse mission-specific standards across various industry verticals, including, asset tracking, security & defense, IoT, and other space programs. Furthermore, the rise in demands for satellite imagery, low-cost high-speed broadband, along with the investments in fundamental research in CubeSats are some of the factors that drive the growth of the Small Satellite Market.

Small Satellite Market Segment Analysis – By Type

By Type, the Small Satellite Market is segmented into Mini-Satellite, Micro-Satellite, Nano-Satellite, Pico-Satellite, Femto-Satellite and Other. The Mini-Satellite is estimated to hold the highest share of 33.5% in 2020, owing to the advantageous features, including miniaturized design, travel at high speeds and remote sensing technology. In addition, affordable development solutions of Nano-Satellite technology makes them a suitable option to deliver superior solutions for communications. In February 2021, Fleet Space Technologies, an Australian nanosatellite company is set to launch its fifth nanosatellite, Centauri 3. The Centauri 3 is Fleet Space’s fifth and most advanced Commercial Nanosatellite, designed to power up a global network of connected devices deployed worldwide. Increasingly, these miniaturized spacecraft provide lucrative opportunities to most business enterprises to accelerate the growth of the Small Satellite Market.

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Small Satellite Market Segment Analysis – By Application

By Application, Small Satellite Market is segmented into IoT/M2M, Communication, Earth Observation & Meteorology, Military & Intelligence, Scientific Research & Exploration, Weather and other. The communication segment held the major share of 22.2% in 2020 in the Small Satellite Market, due to the successful introduction of game-changing software for the satellite communication industry along with new business opportunities to expand remote location operation and real-time asset monitoring. In March 2020, a leading provider of next generation content connectivity solutions, NOVELSAT announced a comprehensive solution for mission critical satellite communications. The solution by Novelsat is designed to deliver highest levels of transmission security, resilience and robustness, with a comprehensive wide-ranging security suit, including, transmission security (TRANSEC), communication security (COMSEC), low probability of detection (LPD) and low probability of interception (LPI). Therefore, the growing demand for optimum levels of security and protection for business operations and other mission critical communications of across defense, security and government is estimated to drive the Small Satellite Market.

Small Satellite Market Segment Analysis – By Geography

North America is estimated to hold the largest market share of 45.7% in 2020, along with Europe, owing to the eminent requirement for responsive defense forces, massive investments for breakthrough custom-designed satellites, along with rigorous commercial services demand for satellite bandwidth and network solution. Thus, the Small Satellite industry is poised to grow as large scale space organizations are offering “space as a service” to enable business enterprises with accessibility to data, specific to business requirements. Simultaneously, the market of Small Satellite is witnessing potential growth in Asia Pacific region, owing to the digitalization across industries and vast majority of demonstrative space debris clearance service.

Small Satellite Market Drivers

Popularity of M2M Satellite Communication

The M2M Satellite Communication technologies are majorly driven by the potential launches of cloud-based solutions, and growing demand from various end-users to expand their business reach globally, are estimated to drive the Small Satellite Market. In addition, rugged, superior and cost-effective Satellite Terminals and telematics devices are becoming a part of the present-day comprehensive fleet management solution, which also boost the market growth.

Potential demand for Maritime Satellite Communication solution

The promising requirements to seek enhanced and reliable connectivity between the land and sea operations, along with VSAT connectivity for on-board security and surveillance of shipping industry influence the demand of Maritime Satellite Communication platforms, thereby drive the growth of the Small Satellite Market. The technology innovations across maritime sectors are expanding due to the introduction of gyro-stabilized ground terminals, Minisatellite platforms and multi-frequency dish antennas to reduce the time lag during data transfer. In April 2019, a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, ZTE, announced the collaboration with Zhejiang Branch of China Mobile to launch “Heweitong”, a marine broadband satellite solution.

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Small Satellite Market Landscape

The Small Satellite top 10 companies include Airbus SE, BAE Systems plc, Dauria Aerospace, L3Harris Technologies, Inc., Lockheed Martin, Magellan Aerospace, Maxar Technologies Inc., Northrop Grumman, ORBCOMM Inc., Rocket Lab, Park Aerospace Corp., Sierra Nevada Corporation, Aerospace Corporation, Space Flight Laboratory and many more.

Key Takeaways

North America is estimated to hold the largest market share of 45.7% in 2020, owing to the eminent requirement for responsive defense forces, massive investments for breakthrough custom-designed satellites, along with rigorous commercial services demand for satellite bandwidth and network solution.

The M2M Satellite Communication technologies are majorly driven by the potential launches of cloud-based solutions is estimated to drive the market.

The promising requirements to seek reliable connectivity between the land and sea operations, along with VSAT connectivity for on-board security, drive the market growth.

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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Growing Electric Vehicles and Advanced Electronics Drive Growth of Printed Circuit Board Market

Hyderabad, India – July 24, 2021 /MarketersMedia/ —

The Printed Circuit Board Market is forecast to reach $72.3 billion by 2026, growing at a CAGR of 5.3% from 2021 to 2026. Printed circuit boards (PCBs) are the foundational building block of most modern electronic devices. PCBs consist of printed pathways which connect different components on the PCB such as transistors, resistors, Programmable Logic Controller (PLCs), Electrolytic capacitors and integrated circuits.

Printed Circuit Board Market Segment Analysis – By Type

There are three types of printed circuit boards they are single-sided, double-sided and multi-layer PCBs. Multi Layer PCB is projected to grow at the fastest rate from 2021-2026 at 7.2% CAGR. Each type of PCB has various price points and uses and they are widely used in automotive applications. Single-sided PCB is something which comes with only one layer of conducting material on one side of the board and other side is used for incorporating different electronic components such as integrated circuits, programmable logic controllers, electrolytic capacitors and resistors on the board. Double-sided surface mount PCBs are same as single-sided PCBs but the difference is they have two sided traces with top and bottom layer. Multi-layer PCB’s can support a high level of circuit complexity as they are made up of three or more copper layers laminated together.

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Printed Circuit Board Market Segment Analysis – By End Use Industry

The various end users assessed include automotive, healthcare, industrial electronics, consumer electronics, maritime transport, aerospace & defense and others. PCB in healthcare is used in various devices which monitor health of a person or assist the doctor in surgical operations. On the other hand PCB in pharmaceutical industry used in manufacturing drugs and other medicines at industry level. PCBA stands for printed circuit board assemblies and they are widely used in the automobile industry.

Printed Circuit Board Market Segment Analysis – By Geography

Asia-Pacific is projected to dominate the market share in the forecast period with 45% share in 2020. Economies like China, Japan, South Korea and Taiwan are witnessing a high surge in automotive production as well as across manufacturing sector due to the availability of low labor and logistical costs. Due to enhanced production capacities and the rise of digitalization together driving the PCB in this region..

Printed Circuit Board Market Drivers

Growing electric vehicles sales driving the market growth

The demand for electric vehicles is higher in the coming years than petrol and diesel vehicles. Unlike vehicle fuel types, battery electric vehicles have more demand due to increasing concern towards global emissions from vehicles as well as government initiatives to increase the sales of electric vehicles. As the move to electrically powered cars takes place the PCBs will play an important role in production and running of cars, buses and other electrically powered vehicles. Additionally increasing sales of electric vehicles as well as adoption of advanced driver assistance system technology in them are likely to drive the demand for PCB market.

Advanced electronics drive growth of PCB

With the continuous advancement of the automotive, electronics and medical sector, the devices have evolved from a complete the mechanical device in the past to a combination of machinery and electronics. The use of electronic technology in automobiles and medical equipment has increased which has made comfort and safety more important. On the other hand proportion of electronics in the manufacturing cost of the automobile and medical equipment is continuously
increasing which in turn demand for PCB is increasing.

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Printed Circuit Board Market Challenges

Failure in function of PCB

One of the major challenges faced by PCB market globally is failure in function of PCBs. Typically, the most common causes of PCB failure happens due to incorrect placement of components such as programmable logic controllers, integrated circuits, electrolytic capacitors and resistors, Overheating due to lack of space on the PCB and more.

Printed Circuit Board Market Landscape

The PCB market is dominated by major companies such Amitron, CMK, Chin Poon Industrial Co. Ltd, Daeduck Electronics, Delphi Technologies, Meiko Electronics Co. Ltd, Nippon Mektron Ltd, KCE Electronics, Samsung Electro-Mechanics, and Tripod Technology Corporation.

Acquisitions/Technology Launches/Partnerships

In Feb 2020, Lumax Industries extended a joint venture with Stanley Electric. The joint venture will provide a complete range of Stanley Electric products to the Indian automotive industry. Starting with the production of printed circuit boards (PCBS) to core component of automotive lighting system for Lumax Company.

In Sep 2019, Delphi Technologies PLC partnered with Cree Incorporation, a leader in silicon carbide semiconductors to utilize silicon carbide semiconductor device technology to enable faster, smaller, lighter and more powerful electronic systems for future electric vehicles.

Key Takeaways

The demand for PCBs is high in the forecast period due to growing demand for hybrid electric vehicles (HEV) and Battery electric Vehicles (BEV)

Printed circuit boards are used in several automotive applications like anti-lock brake systems, safety and security features, ECU systems, control engines and GPS navigation systems.

PCBs can be programmed to perform system essential commands irrespective of their sizes.

Asia-Pacific is projected to dominate the market share in the forecast period. Due to economies like China, Japan, South Korea and Taiwan which is witnessing a high surge in automotive production due to availability of low labour and logistical costs.

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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The Growth Is Mainly Attributed to the Increasing Adoption Split Units Owing to Its Easier Installation, High Energy Efficiency Properties and These Are Driving the MEA HVAC Market.

Hyderabad, India – July 24, 2021 /MarketersMedia/ —

MEA HVAC Market size was valued at $8.2 billion in 2020, and it is estimated to grow at a CAGR of 5.4% during 2021-2026. The growth is mainly attributed to the increasing adoption split units owing to its easier installation, high energy efficiency properties and these are driving the MEA HVAC market. Release of greenhouse gases and increasing pollution due to the presence of oil and gas industries has led to the global warming potential which is set to create opportunities for the adoption of MEA HVAC industry.

The increasing demand in the residential and commercial infrastructure have led to the rise in urbanization. This growing demand in the construction industry will drive the HVAC equipment market. The rising adoption of split units, especially ducted split air conditioners will drive the market growth. The continuous increase in the prices and availability of these raw materials has been a major challenge for the HVAC equipment market.

MEA HVAC Market Segment Analysis – By Cooling

Air Conditioners held the major market share of 55.3% in 2020 owing to high adoption of HVAC systems in residential sector. There is high adoption of split type HVAC systems as it involves in easier installation process compared to traditional systems. It is of more efficient and customizable as there are two components to a split system. It also offers less maintenance and value added services as the energy efficiency of HVAC split system is high compared to other types. This is poised to propel the market.

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MEA HVAC Market Segment Analysis – By Application

Commercial sector is the fastest growing segment in MEA HVAC market and estimated to grow at a CAGR of 7.0% during forecast period 2021-2026. Increasing adoption of ventilation and air cooling systems in offices, retail shops, shopping malls, hotels and others set to boost the demand of HVAC market. With the increase in investments of IT sector, there is high adoption of HVAC systems in IT offices.

MEA HVAC Market Segment Analysis – By Geography

Saudi Arabia dominated the MEA HVAC market in 2020 with a market share of 18.6%, followed by U.A.E and South Africa. In 2019, World’s first wind free AC had been launched in Saudi Arabia. Such developments have propelled adoption of new technology in the market. In 2020, Saudi Arabia had conducted largest event which is related to HVAC and refrigeration industry.

MEA HVAC Market Drivers

Increasing Demand for Energy Efficient Solutions and Smart Homes

Adoption of energy efficient appliances has become a major trend. As HVAC systems consume less energy, the pressure on power plants is lessened, which, in turn, reduces the burning of fossil fuels. HVAC system has become a prime choice of equipment that could easily become the backbone for smart homes. This has increased the demand for HVAC systems in industries. Integration of intelligent HVAC system equipped with sensors allow users in controlling the temperature in every room of their house at any point of time. This is poised to drive the market.

Advancements in Technology

Adoption of Internet of Things (IoT) Technology in industries have been driving the MEA HVAC market. HVAC and building automation systems can be used for analyzing sensor data to run systems more efficiently and provide more comfortable environments. Incorporation of the HVAC industry and IoT provides for vast superior customer-centric services, enabling remote appliance control. Integration of IoT and IoT in HVAC benefits the industry in various applications such as real time monitoring, preventive maintenance, remote diagnosis, inter-operability in buildings and increased efficiency. This is poised to drive the market.

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MEA HVAC Market Challenges

Stiff Competition and High Cost of HVAC Systems

As there are huge number of players, there is stiff competition existing between the players. Due to intense competition, some HVAC companies offer them at low prices. Additionally high capital investment and lack of skilled labor which restricts the new players to enter into market. HVAC maintenance requires constant filter change, and regular check which involves huge cost.

MEA HVAC Market Landscape

Product Launches, Acquisitions, and R&D activities are key strategies adopted by players in the MEA HVAC market. MEA HVAC major 10 companies include Johnson Controls International plc, United Technologies Corporation, Ingersoll-Rand plc, Daikin Industries Ltd, Mitsubishi Electric Corporation, Toshiba Carrier Corporation, LG Electronics Inc, Fujitsu Limited, Midea Group Co. Ltd and others.

Acquisitions/Technology Launches

In November 2019, Johnson Controls had acquired EasyIO Building and Energy Management System (BEMS) product line in order to expand its HVAC and refrigeration systems, thereby driving the market.
In September 2019, Daikin Industries Ltd had launched a split AC GTL28 3 on the occasion of its 95th anniversary. This new AC draws electricity less than 3.5 ampere which is less than operating a hair dryer or microwave. Introduction of advanced products se t to increase MEA HVAC market share.

Key Takeaways

Saudi Arabia dominated the MEA HVAC market in term of revenue in 2020 owing to the setup of international HVAC exhibitions.

Integration of IoT technology has been pushing the MEA HVAC industry with growing trend of smart homes in Middle East and Africa regions.

Increasing adoption of variable refrigerant technology HVAC systems in commercial sector provide opportunities for the MEA market.

High initial investment and stiff competition are the major challenges that hamper the growth of the market.

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Source URL: https://marketersmedia.com/mea-hvac-market-size-estimated-to-grow-at-a-cagr-of-54-during-20212026/89037515

Source: MarketersMedia

Release ID: 89037515

The Growing Emphasis on Reducing Capital and Operating Costs of Zero Liquid Discharge Systems With the Use of Membranes Is Also a Major Driver of the Tubular Membranes Market.

Hyderbad, India – July 24, 2021 /MarketersMedia/ —

Tubular Membranes Market size is expected to be valued at $1.3 billion by the end of the year 2026 and the tubular membranes industry is set to grow at a CAGR of 7.3% during the forecast period from 2021-2026. With the increasing regulations on wastewater discharge from industries across the world, the demand for tubular membranes is also increasing rapidly. The growing emphasis on reducing capital and operating costs of zero liquid discharge systems with the use of membranes is also a major driver of the tubular membranes market. These membranes have metal organic frameworks, which enhances the porousness of the membrane and also is extremely foulant resistant, which is one of the significant factor which is hugely driving the tubular membranes market.

COVID-19 Impact

Amid the Covid-19 pandemic, the tubular membranes market has taken a serious hit in terms of production and distribution. The production of tubular membranes was greatly reduced, which affected the distribution and thereby affecting the market greatly. The restrictions on imports and exports across the globe have also hugely impacted the logistics and supply chain of the tubular membranes market.

Tubular Membranes Market Segment Analysis– By Material

Polysulphone segment held the largest share of more than 25% in the tubular membranes market in the year 2020. The main reason behind this being polysulphone allows easy manufacturing of membranes, with reproducible properties. Polysulphone are polymers of intrinsic microporosity, which is highly contorted and rigid macromolecular structures, that helps in facilitating space-efficient packing.

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Tubular Membranes Market Segment Analysis– By Application

The Reverse Osmosis (RO) segment held the largest share of approximately 30% in the tubular membranes market in the year 2020. The main reason being, reverse osmosis forms a significant part of zero liquid system.

Tubular Membranes Market Segment Analysis– End User

Energy and power industry held the largest share in the tubular membranes market in the year 2020. The energy & power industry is further driven by the increase in demand for power needed to cater to the rising business across various industries.

Tubular Membranes Market Segment Analysis– Geography

Asia-Pacific region held the largest share of around 40% in the tubular membranes market in the year 2020. The APAC region leads on the basis of the complete installed capacity of coal power industries with China and India leading the worldwide front in the segment. This can be attributed to the fast industrialization and expansion in the region boosting the requirement for water treatment.

Tubular Membranes Market Drivers

Demand from thermal sector and Rise in cooling tower blow down

The growth in thermal energy industry in recent days has led to an increase in the demand for tubular Membranes. Thermal power industry uses steam –driven turbines to generate power, and those turbines requires tubular Membranes to facilitate the flow of process.

Growing demand from key-use industries and Increasing regulations on waste water discharge

With the rapid industrialisation across the globe, many key –use industries such as food and beverage, textile industry etc., has been rapidly growing and developing in the recent years. This has also increased the release of their industry wastes such as waste water, excess dye etc., which has given rise to the need for waste treatments and management, eventually increasing the usage of tubular Membranes in the tubes and pipes through which the wastes are either released or treated.

Reducing operating cost of Zero liquid discharge (ZLD) system

Tubular membrane helps in reducing the operating cost of zero liquid discharge (ZLD) system, by increasing the efficiency of the zero liquid discharge system.

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Tubular Membranes Market Challenges

High cost and the decreased life expectancy of the Membranes

There are cheaper substitutes to tubular membranes such as UF membranes and NF membranes which are cheaper as compared to tubular membranes and highly reduces the operational cost of the industrial facility. Another main factor which is a big challenge to the tubular Membranes factor is the life expectancy of the Membranes.

Specialty Adhesives Market Industry Outlook

Major players in the Tubular Membranes Market are Pentair, Porex Filtration Group, Berghof Membranes Technology, Hyflux, MICRODYN-NADIR, Dynatec Systems, Inc., Synder Filtration, Spintex Filtration, PCI Membranes and Duraflow LLC among others.

Acquisitions/Technology Launches

In June 2020, Synder Filtration launched a new series of filter products called OptimalFlow series elements. This new product line caters to existing ultrafiltration and microfiltration standard and MAX membrane types in similar and common element sizes and models

Key Takeaways

Asia-Pacific market is expected to hold the the largest share in the tubular membranes market, owing to the rising industrialisation and related environmental concerns in countries such as China, India and ASEAN countries.

The growth of tubular membranes can be credited to the growing emphasis on reducing operating costs of zero liquid systems using membranes.

The increase in demand for tubular membranes is also due to the increase in regulations of wastewater discharge from various industries across the globe.

Furthermore, the growth of tubular membranes market is also driven by the demand from thermal sector, which has been in the the rise in the recent days.

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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Source URL: https://marketersmedia.com/tubular-membranes-market-size-expected-to-reach-13-billion-by-2026/89037507

Source: MarketersMedia

Release ID: 89037507

Increasing Usage of UHMWPE Owing to Its Alluring Properties in Orthopaedic Applications in Asia Pacific Countries Has Driven the Ultra-High Molecular Weight Polyethylene Market Growth

Hyderabad, India – July 24, 2021 /MarketersMedia/ —

Ultra-high Molecular Weight Polyethylene Market size is forecast to reach $2.3 billion by 2026, after growing at a CAGR of 4.5% during the forecast period 2021-2026. Globally, the increasing usage of ultra-high molecular weight polyethylene in applications such as pipe extrusion and chemical containers is also expanding the growth of the market. Furthermore, rising demand for ultra-high molecular weight polyethylene from aerospace & defence and automotive applications due to its superior physical qualities, such as resistance to chemicals, moisture, corrosion, and dirt, as compared to other polymers, is expected to boost the market significantly over the forecast period.

Impact of Covid-19

The COVID-19 pandemic has lead to a significant impact on the ultra-high molecular weight polyethylene industry, as government-imposed lockdowns forced the closure of manufacturing facilities and disrupted the product’s supply chain in the year 2020. The production units of businesses in the electronics and mechanical industries were impeded by a scarcity of raw materials and labor. applications.

Ultra-high Molecular Weight Polyethylene Market Segment Analysis- By Form

Sheet form held the largest share in the ultra-high molecular weight polyethylene market in 2020. Bacterial growth, moisture, high-impact, and odours are all immune to ultra-high molecular weight polyethylene (UHMWPE) Sheets. Ultra-high molecular weight polyethylene sheets are increasingly used in a wide range of applications such as cooking, boating, and medicine. Furthermore, ultra-high molecular weight polyethylene is a solid and durable engineering plastic that can outlast other engineering plastics.

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Ultra-high Molecular Weight Polyethylene Market Segment Analysis- By Application

Healthcare sector held the largest share with 35% in the ultra-high molecular weight polyethylene market in 2020. Owing to the biological durability, biocompatibility, high creep resistance, wear resistance, and low friction, ultra-high molecular weight polyethylene (UHMWPE) is primarily used in the medical industry for the fabrication of cardiovascular and orthopaedic implants.

Ultra-high Molecular Weight Polyethylene Market Segment Analysis- Geography

Asia-Pacific region held the largest share of more than 42% in the ultra-high molecular weight polyethylene market in 2020. Rising growth of automotive, medical, and electronics industries in the region has uplifted the growth of the market. According to the OICA, the overall motor vehicle production in Malaysia increased from 564 971 units in 2018 to 571 632 units in 2019. Hence, the rising production of automotive in this region is expected to drive the market during the forecast period. Additionally, the increasing usage of UHMWPE owing to its alluring properties in orthopaedic applications in Asia Pacific countries has driven the ultra-high molecular weight polyethylene market growth. One of the reasons for the recent increase in demand for ultra-high molecular weight polyethylene (UHMWPE) is the expanding medical sector in Asia-Pacific. Thus, the rising demand for ultra-high molecular weight polyethylene in various applications is therefore anticipated to drive the market in the Asia-Pacific region over the forecast period.

Ultra-high Molecular Weight Polyethylene Market Drivers

Increasing demand from end use industries

Increased investments and initiatives from governments of various countries around the world to provide superior protective gear to their military sectors have uplifted the market growth. Ballistic defence items, such as shields and plate inserts, bulletproof vests, battle helmets, and protective armour, made up of ultra-high molecular weight polyethylene (UHMWPE) are essential in aerospace & defence end use industries. Government initiatives such as the Soldier Protection System have also raised the aerospace and defence industry’s product demand, which has raised the demand for ultra-high molecular weight polyethylene (UHMWPE). UHMWPE is also a stronger and safer alternative to steel in wire ropes used in the aerospace and defence industries. Because of its selflubricating and vibration-reducing properties, ultra-high molecular weight polyethylene is used in supportive belts, car seat components, and truck shock spacers in the automotive industry.

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Ultra-high Molecular Weight Polyethylene Market Challenges

Rising Cost of Ultra-high Molecular Weight Polyethylene

Ultra-high molecular weight polyethylene (UHMWPE) is a high-performance polymer that outperforms traditional metals and polymers like steel, polypropylene, and polyethylene. Higher impact strength, low friction coefficient, remarkable energy absorption ability, and wear and abrasion resistance are among these properties.

Ultra-high Molecular Weight Polyethylene Market Landscape

Major players in the ultra-high molecular weight polyethylene market are Celanese Corporation, Koninklijke DSM N.V., LyondellBasell Industries Holdings B.V., the Mitsubishi Chemical Advanced Materials group of companies, Crown Plastics, Inc., China Petrochemical Corporation (Sinopec Group), Asahi Kasei Corporation, LianLe Chemical Corporation, Braskem, Mitsui Chemicals, Dotmar Engineering Plastics, TSE Industries, Inc., and others.

Acquisitions/Technology Launches

In October 2020, Celanese Corporation’s Texas manufacturing facility has begun producing GUR ultra-high molecular weight polyethylene. The company’s GUR engineered materials portfolio will grow as a result of this expansion.
In July 2019, Dyneema Purity Black fibre, the first black medical-grade UHMW PE fibre, was launched by Koninklijke DSM N.V. The fibre structures are 15 times stronger than steel, with a low profile, biocompatibility and high pliability.

Key Takeaways

Asia-Pacific region dominates the ultra-high molecular weight polyethylene market owing to the rising production of automotives in emerging economies such as China, India, Japan, and Malaysia.

Growing popularity of ultra-high molecular weight polyethylene due to its wear-resistance, high biocompatibility, and ductility in the healthcare industry is driving the market growth.

The increasing adoption of lightweight, noise-reducing, and impact-absorbing materials produced by the ultra-high molecular weight polyethylene in the automotive industry is further accelerating the growth of the market.

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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Source URL: https://marketersmedia.com/ultra-high-molecular-weight-polyethylene-market-size-forecast-to-reach-23-billion-by-2026/89037513

Source: MarketersMedia

Release ID: 89037513

Growing Demand to Capture Actionable Business Insights From Events Driving the Growth of Event Correlation And Analysis Tool Market.

Hyderabad, India – July 24, 2021 /MarketersMedia/ —

The Global Market for Event Correlation and Analysis Tool is forecast to reach $10.0 billion by 2026, growing at a CAGR of 10.1% from 2021 to 2026. The market growth is attributed to the benefits of the event correlation and analysis tool including real time threat visibility, vigilance of network safety and network management, continuous compliance reports, low operational cost, improved time and systems management and others. Moreover, growing data centres are further enhancing the market growth owing to the deployment of the event correlation tools for identifying the events that brings difference to the business through magic quadrants.

Event Correlation And Analysis Tool Market Segment Analysis – By Deployment type

Event correlation and analysis tools is segmented into on premise and cloud on the basis of deployment model. Cloud deployment model held the highest market share at 54% of event correlation and analysis tool in 2020. Moreover, it is anticipated to witness significant market growth during the forecast period 2021-2026 attributed to the high adoption rate of cloud technologies by the end users. Banking and financial service, retail, healthcare, government, education and others deploy the correlation tools to prevent data breaching. Additionally, it prevents cyber- attacks by setting patterns from huge pile of data to set an alert for the investigation thereby boosting the market growth.

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Event Correlation And Analysis Tool Market Segment Analysis – By End user type

Banking and financial services (BFSI) segment held the highest market share of 23.8% for event correlation and analysis tool market in 2020. Moreover, it is anticipated to witness the significant market growth during the forecast period 2021-2026 as it is more prone to cyber-attacks which requires a hyper-vigilant security system. Moreover this vertical deals with large number of customers, thus there is the need for IT infrastructure that remain available throughout the year in order to meet the required services internal as well as external. Additionally, presence of huge pile of data needs to be properly correlated to add up to the business growth and figuring out patterns to provide security to the data, network and others thereby boosting the market growth during the forecast period.

Event Correlation And Analysis Tool Market Segment Analysis – By Geography

North America held the highest market share of the event correlation and analysis tool market at 36.5% in 2020. This is due to the technological development, improved industrial infrastructure, improved economic condition and a higher rate of adoption of new technologies in the region. Moreover event correlation and analysis tool market in APAC is expected to grow at highest rate during the forecast period owing to the various factors such as investments in research and development activities, adoption of advanced technologies in different end user verticals including banking and financial services, retail, government, education and others. Research and development activities for the utilisation of artificial intelligence (AI), block-chain, and distributed ledger, quantum computing and other technologies improves the customer experience. Agent-AI, Heart-Touching-AI, Ambient-AI, Network-AI are the four directions of artificial intelligence along which the R&D activities is going on in NTT Group. Additionally growing medium and large enterprises in region is enhancing the market growth.

Event Correlation And Analysis Tool Market Drivers

Security concerns

Technological advancements and growing digitalization in all verticals requires a robust security protocols to protect data, networks and others from breaching or any cyber threat. Data intelligence, root cause analysis, fraud detection, electronic money transactions and others are the cases where event correlation and analysis techniques is deployed. Thus these techniques plays a major role in providing alerts regarding the threats by identifying certain patterns and sets an alarm for the investigation.

Growing demand to capture actionable business insights from events

The event analysis software allows companies to leverage the benefits of real-time data for extracting actionable business insights from events that are required to drive organizational growth. Utilization of event correlation software in events helps in saving time that is needed for manual processing. Increasing B2B and B2C professional events need to facilitate networking and engagement and they also need to serve a larger event strategy that necessitates in-depth analytics on the event outcome. These analytics can help then help event organizers in increasing return on investments and the overall efficiency of their event strategy. Moreover, it helps organizations capture and analyze attendees’ behavior, which helps them make effective business decisions and this is set to increase the adoption of event correlation tools for events, thereby driving the market growth.

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Event Correlation And Analysis Tool Market Challenges

Unfavorable among small scale enterprises

Small scale enterprises have low revenue and the advanced technologies are less deployed. Moreover installation cost pose a challenge to the small scale enterprises owing to the unavailability of adequate funds and weak economic background. There is the lack of appropriate resources to update or upgrade the plant and equipment. Additionally lack of skilled personnel to handle the advanced technologies is hindering the market growth.

Event Correlation And Analysis Tool Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the event correlation and analysis tool market. Event correlation and analysis tool driver market is expected to be dominated by major companies such as Argent Software, BMC Software, CA Technologies, EG Innovations, EMC Ionix, GroundWork Open Source, HP, IBM Tivoli, Microsoft, NetIQQuest Software and among others.

Key Takeaways

Concerns related to security of data among different industry verticals including banking and financial services, retail, healthcare and others is enhancing the market growth for event correlation and analysis tool.

APAC region is expected to dominate the global event correlation and analysis tool market during the forecast period 2021-2026 due to the investments made in research and development activities by the market players, potential for market growth, growing data centres and rising adoption rates of cloud technologies in different verticals.

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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Source URL: https://marketersmedia.com/event-correlation-and-analysis-tool-market-size-forecast-to-reach-100-billion-by-2026/89037660

Source: MarketersMedia

Release ID: 89037660

Increasing Extraction and Shipping of Resources in Various Oil and Gas Industries, the Scope of Different Gas Analyzers, Sensors and Detectors Has Increased Rapidly Which Boost Its Market Growth.

Hyderabad, India – July 24, 2021 /MarketersMedia/ —

The Market for Gas Analyzer, Sensor and Detector is forecast to reach $8.9 billion by 2026, growing at a CAGR of 4.1% from 2021 to 2026. The Gas Analyzer, Sensor and Detector Market is estimated to witness sustainable growth over the forecast period majorly because Gas Analyzer, Sensor and Detector plays a major role in giving security, safety and various applications in Industries and other workplaces. Gas Analyzer, Sensor and Detector have their own respective features and provides various utilities. Gas sensors are generally providing a measurement of the concentration of various gases such as CO, CO2, NOx, SO2 and Others by different sensors such as Combustible Gas Sensors, Infrared Point Sensors, Electrochemical Gas Sensors, Metal Oxide Semiconductor, Photo Ionization Detection, Paramagnetic and Others. Gas detectors are commonly included as part of a health and safety system within the workplace, with portable instruments designed for protecting all workplaces when working in potentially hazardous areas. These vast features at various End-Use industries such as water treatment, food and beverage etc. drives its market growth in global market. On the other hand, high installation and maintenance cost are the major challenges affecting its market growth.

Gas Analyzer, Sensor and Detector Market Segment Analysis – By Structure

Portable Gas Analyzers, Sensors and Detectors has dominated the Gas Analyzer, Sensor and Detector Market at 70% share in 2020 as compared to the Fixed Gas Analyzers, Sensors and Detectors. The demand for Portable Gas Analyzers, Sensors and Detectors is growing because in various Power plant and Oil & Gas Industries, the pipelines contain many hazardous elements that can cause short and long-term health problems if workers are exposed to them improperly.

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Gas Analyzer, Sensor and Detector Market Segment Analysis – By End-Use Industry

Oil & Gas Industries hold the largest market in Gas Analyzer, Sensor and Detector Market at 22.4% share in 2020. The various Inspection methods which it offers to the Oil & Gas Industries as they mainly constitute in operation of many gases from extraction to production by transferring through pipelines. Thus, the requirement of Gas Analyzers, Sensors and Detectors increases rapidly. With the advancement in technologies, the adoption of Portable Gas Analyzers, Sensors and Detectors which offers wireless examination of various levels of gases operating in the system.

Gas Analyzer, Sensor and Detector Market Segment Analysis – By Geography

Asia-Pacific has been accounted for being the highest market at 37.5% share in 2020 among all the regions by geography. The market growth in this region is predominantly rising due fast-growing economies such as China, India, Japan and Others. Increasing rate of Urbanization and Industrialization with high population densities in these economies tends to uplift the Gas Analyzer, Sensor and Detector Market in these regions. Due to large number of Oil & Gas Industries, Power plants, Healthcare and high air pollution intensity in atmosphere of these regions, the installation Gas Analyzers, Sensors and Detectors tends to boost the market growth.

Gas Analyzer, Sensor and Detector Market Drivers

Rise in Industrialization and Urbanization drives market growth

Fast growing economies in Asia-Pacific and North America are contributing exponentially in Gas Analyzer, Sensor and Detector Market. Due to rise in Urbanization and Industrialization, the demand for Gas Analyzers, Sensors and Detectors in various Oil & Gas industries, Healthcare, Power plants has increased rapidly. This has promoted the developments in manufacturing of Gas Analyzers, Sensors and Detectors from fixed systems to portable systems among which the adoption of Wireless Gas Analyzers, Sensors and Detectors has brought a major uplift in its market growth.

Rise in Governmental Regulations and Environmental Concerns

With the rise in Governmental Regulations of maintaining a pollution-free city in various regions has brought a huge demand of Gas Analyzers, Sensors and Detectors in global market. Gas sensors helps in examining the various hazardous gases in the atmosphere and provides the measurement of the concentration of various gases such as CO, CO2, NOx, SO2 and Others in major workplaces and Industries and Other public places. This tends to drive the demand of Gas Analyzer, Sensor and Detector Market globally.

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Gas Analyzer, Sensor and Detector Market Landscape

The Gas Analyzer, Sensor and Detector Market is dominated by major companies such as Dragerwerk Ag & Co.KGAA, AMETEK, Honeywell International Inc., ABB Ltd., General Electric Co., Emerson Electric Co., Figaro Engineering Inc., Ametek Inc., Siemens AG, Trolex Ltd., Enerac Inc. and California Analytical Instruments Inc.

Key Takeaways

The Gas Analyzer, Sensor and Detector Market is estimated to witness a sustainable growth over the forecast period majorly role in giving security, safety and various applications in Industries and other workplaces.

Due to increasing extraction and shipping of resources in various Oil and Gas Industries, the scope of different Gas Analyzers, Sensors and Detectors has increased rapidly which boost its market growth.

Ongoing Industrialization and Urbanization in major economies such as USA, Canada, China, India and others, the presence of harmful gases in atmosphere and increased rapidly which uplifts the demand of Gas Analyzers, Sensors and Detectors in global market.

With the rise in Governmental regulations and Environmental concerns against the rising air pollution intensity with hazardous gases in atmosphere, installation of Gas Analyzers, Sensors and Detectors in all workplaces and near hospitals and Other public places tends to drive the market growth.

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

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Source URL: https://marketersmedia.com/gas-analyzer-sensor-and-detector-market-size-forecast-to-reach-89-billion-by-2026/89037668

Source: MarketersMedia

Release ID: 89037668