The Increase in Consumer Demand for Eco-friendly Products in the Personal Care and Food & Beverage Products Is Driving the Demand for Nanocellulose Market.

Hyderabad, India – July 20, 2021 /MarketersMedia/ —

Nanocellulose Market size is forecast to reach $855.4 million by 2026, after growing at a CAGR of 18.5% during 2021-2065. Nanocellulose is a lightweight substance obtained from plant matter, which comprises nano-sized cellulose fibrils. Cost efficiency and availability of raw material, such as cellulose, further improve the product supply scenario, which is likely to drive the growth of the Nanocellulose market size.

The growing demand for atomic force microscopy, magic angle spinning, nuclear magnetic resonance, transmission electron microscopy from the food science, healthcare, aerospace, marine, and oil and gas sector also propels the Nanocellulose market share globally. Whereas increasing demand for medical applications such as bio-polymers, bio-barriers, sanitary napkins, wound dressing, and tampons are expected to drive market growth over the forecast period.

Nanocellulose Market Segment Analysis – By Type

Nano Fibrillated Cellulose (NFC) or Micro Fibrillated Cellulose (MFC) or Cellulose Nanofibrils (CNF) held the largest share of more than 30% in the Nanocellulose market in 2019. The nano-scale dimensions and the ability to form a strong entangled nano-porous network of CNF makes it suitable to use across various applications. CNF consists of expanded high-volume cellulose, which is moderately degraded and greatly expanded in surface area. Unlike CNC, CNF displays both amorphous and crystalline parts and presents a web-like structure.

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Nanocellulose Market Segment Analysis – By Material

Wood Pulp segment held the largest share of more than 35% in the market in 2019. Wood Pulp is mostly used to produce Nanocellulose, by removing non-cellulose impurities such as lignin using a Gaulin milk type homogenizer.

CNF produced from wood pulp are light & strong, have a lower thermal expansion, have ultra-fine fibers. The growing uses of CNF based products across manufacturing lightweight cars, cosmetics & personal care, and the food industry, further drive the growth of the market.

Nanocellulose Market Segment Analysis – By Application

Composite segment held the largest share of more than 25% in the Nanocellulose market in 2019. The Nanocellulose can be used as a filler in composite material. Nanocellulose reinforced composite materials reduces the weight and maintain the performance of final products. The Nanocellulose/nanocarbon composites properties offer many advantages such as tunable optical transparency, photodynamic & photothermal activity, nanoporous character, high adsorption capacity, high mechanical strength, flexibility, stretchability, and tunable thermal & electrical conductivity.

Nanocellulose Market Segment Analysis – By Geography

North America region is projected to witness a significant growth of 18% in the global Nanocellulose market during the forecast period. In North America, the United States is the largest market for nanocellulose. Rising demand from aerospace and pharmaceuticals is boosting the market demand across the country. For instance, According to Federal Aviation Administration, the total commercial aircraft fleet is expected to reach 8,270 in 2037 from 7,356 in 2018, owing to the growth in air cargo.

Nanocellulose Market Drivers

Surging Demand for Eco-Friendly Materials

Nano-fibrillated cellulose has the potential for the replacement of plastic films in composite packaging owing to the low oxygen permeability of the product. Composites are also used in atomic force microscopy, magic angle spinning, nuclear magnetic resonance, and transmission electron microscopy.

The increase in consumer demand for eco-friendly products in the personal care and food & beverage products is driving the demand for Nanocellulose market. According to a report published by the Government of India in 2017, the consumption of the food and beverage segment in India expected to increase from US$ 369 billion to US$1.142 trillion by 2025, which is likely to boost the growth of the Nanocellulose market during the forecast period.

Use of Nanocellulose as a Natural Fillers in the Automotive Industry

Natural fillers such as cellulose nanocrystals and nano fibrillated cellulose are used as reinforcing fillers in polymer composites for the automotive industry.

In addition, the lightweight cars, trucks, and buses further improve the vehicles’ fuel efficiency. These fillers are especially used in the internal parts of the car such as door panels, trim parts in dashboards, and parcel shelves. According to the report published by International Energy Agency (IEA) in 2020, the global sales of EV was 3.27 million units in 2018 and increased to 4.79 million units in 2019, which will boost the market’s growth in the forecasted period.

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Nanocellulose Market Landscape

Nanocellulose Market are American Process, Kruger, Daicel Corp., Melodea Ltd., J. Rettenmaire & Sohne, Asahi Kasei Corp., CelluComp Ltd, Sappi Ltd., Borregaard ASA, FPInnovations, Oji Holdings Corp., Stora Enso, Nippon Paper Group, CelluForce, Innventia AB, and Holmen AB, among others.

Key Take Away

Asia-Pacific is expected to surge the market during the forecast period due to the growing middle-class population propelled with an increase in the lightweight the automobile market which is boosting the market growth. China, India, Bangladesh, and Vietnam are contributing the major share.

High economies of scale in nanocellulose production and growing demand for transmission electron microscopy from paper, food, cosmetic and pharmaceutical industries are expected to drive the market demand in the near future.

COVID-19 has impacted the growth of the market owing to the decrease in demand for end-use products. The shutdown of day-to-day operational activities has limited the market opportunities.

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https://www.industryarc.com/Report/16068/nanocrystalline-cellulose-market.html

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For more Chemicals and Materials Market reports, please click here

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Source URL: https://marketersmedia.com/nanocellulose-market-size-forecast-to-reach-8554-million-by-2026/89037079

Source: MarketersMedia

Release ID: 89037079

The Growing Demand for Storage Heater Driving the Growth of Water Heater Market.

Hyderabad, India – July 20, 2021 /MarketersMedia/ —

Water Heater Market size is estimated at $28.5 billion in 2020, projected to grow at a CAGR of 4.8% during the forecast period 2021-2026. Water Heater is an Electric Heater appliance that heats water for a variety of uses. Water heaters are available because of their energy efficiency and small scale. Electric Heater geysers have become very common for home use. Moreover, the Water Heater industry is growing, owing to the rising demand and widespread domestic applications such as hot water for cooking, bathing and cleaning. The water heater market would benefit from rising demand for energy efficient systems and geysers, as well as favorable regulatory policies on carbon emissions. For instance, in 2016, the United Arab Emirates invested $3Million in the area to introduce green strategies. Besides this, the growing number of strategies adopted by key players such as partnership, acquisition and collaboration to expand their presence and innovation in water heating technology to gain the market traction is set to drive its water heater industry.

Water Heater Market Segment Analysis – By Product Type

Based on Product Type, Electric Heater Segment accounted for the largest revenue market share of around 75% in 2020 and is also anticipated to grow with the fastest CAGR. Electric Heater water heaters are becoming more popular as people become more concerned about energy efficiency and have huge growth in the number of pre-plumbed unvented systems in new constructions. As a result, demand for highly efficient tankless Electric water heaters is growing and thus driving the Water Heater Industry. Solar Heater segment is anticipated to grow with the second fastest CAGR of 5.8% in the forecast period 2021-2026.

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Water Heater Market Segment Analysis – By Application

Based on Application, Commercial accounted for the largest revenue market share in 2020. The demand for water heaters is being driven by the expansion of commercial infrastructure in various countries. Water heaters are used by small to mid-sized businesses in their everyday operations. Companies are adopting highly effective water heaters in the meantime to reduce energy consumption and operating performance. Commercial water heaters must be upgraded owing to increased use. Residential is projected to witness the fastest CAGR of 5.3% during the forecast period 2021-2026. Continuous infrastructure growth, combined with an increase in the deployment of energy efficient heating systems, would propel the segment forward. According to the IBEF, India would need over USD 777 billion in infrastructure investment by 2022. The industry will benefit from the ongoing rollout of smart cities with strict building efficiency codes and standards.

Water Heater Market Segment Analysis – By Geography

Based on Geography, North America Water Heater Market accounted for the 38% revenue share in 2020. More than 9 million water heaters are sold in the United States per year, indicating that there is a strong demand for water heaters in North America, which accounts for a large portion of the industry.In July 2017, Rinnai America has announced that it has expanded its North American headquarters by constructing a new two-story headquarters building and opening a North America Innovation and Training Center accelerating water heater expansion across the region. Asia-Pacific is predicted to be the fastest growing region during the forecast period 2021- 2026 owing towards economic growth in countries like China, Japan, Australia and India

Water Heater Market – Drivers

The Growing Demand for Storage Heater

By using hot water Storage Heater tanks, Storage Heater water heaters help to maximize heating ability. Manufacturers provide Storage Heater in a range of sizes to meet the needs of customers. Storage Heater are less costly to install than other types of water heaters, and they are also simple to maintain and repair. However, since Storage Heater have been known to burst, vendors are focusing on offering standard water heater services. Furthermore, Storage Heater necessitate space for the tank; as a result, manufacturers are concentrating on reducing the size of Storage Heater to alleviate the space problem driving the Water Heater Industry.

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Water Heater Market – Landscape

The Water Heater Market’s main strategies include product launches, mergers and acquisitions, joint ventures, and regional expansion. Water Heater Market top 10 companies are State Industries, Ariston Thermo, Haier Electronics, Fast Water Heater, Neighbourly Company Viessmann, Rinnai, A.O Smith, Rheem Manufacturing, Whirlpool Corporation and American Residential Services.

Key Takeaways

Water Heater market growth is being driven by technological advances, adoption of new techniques, and the innovation are resulting in the production of low-cost heaters and energy-efficient.

Geographically, North America Water Heater Market held the largest revenue share of 38% in 2020 owing to the presence of potential players who are creating new products, high investments in R&D, and government funding. The scope of the Water Heater Market for various regions will be provided in the final report.

The Water Heater Industry is expanding owing to rising perception of the product’s benefits in various applications and consumer preferences are expected to shift as quality levels increase.

The growing demand for Storage Heater owing to easy installation and maintenance is a significant factor that is expected to push the Water Heater industry during the forecast period 2021-2026.

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Source URL: https://marketersmedia.com/water-heater-market-size-to-grow-at-a-cagr-of-48-during-the-forecast-period-2021-2026/89037087

Source: MarketersMedia

Release ID: 89037087

Adoption of Fiber Optics for 5G Infrastructure Driving the Growth of Remote Fiber Testing Equipment Market.

Hyderabad, India – July 20, 2021 /MarketersMedia/ —

Remote Fiber Testing Equipment Market size was valued at $3.0 billion in 2020, and it is estimated to grow at a CAGR of 5.6% during 2021-2026. The growing demand for Fixed Wireless access networks in telecommunication and networking sector is driving the remote fiber testing equipment industry as these networks offer higher bandwidth and better connectivity compared to conventional alternatives. As remote fiber testing equipment offer many benefits for cable networks including troubleshooting, verification and certification, there has been growing adoption of this equipment. Furthermore, evolution of 5G and its fixed wireless access boost the demand for remote fiber testing equipment industry during the forecast period 2021-2026. The rising demand for components such as optical time domain reflectometers and optical spectrum analysers will drive the market demand.

Remote Fiber Testing Equipment Market Segment Analysis – By Product Type

Optic Time Domain Reflectometer (OTDR) segment held the largest share 28.4% in the Remote Fiber Testing Equipment market in 2019. OTDR is majorly used in many organizations to verify the performance of optical fiber cable which set to drive the remote fiber testing equipment. This equipment also provides advanced diagnostics in order to isolate failure that hinders the network performance. These can also have capability of carrying out tests for multimode and single mode optical fiber links. Development of advanced OTDRs set to drive the market growth.

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Remote Fiber Testing Equipment Market Segment Analysis – By End User

Telecommunication sector is the fastest growing industry in the remote fiber testing equipment market estimated to grow at a CAGR of 5.30% during forecast period 2020-2025. High adoption of fiber optic cables for attaining high speed data transfer has been fueling the remote fiber testing equipment market in this industry. Many companies have been investing and partnering with various companies for 5G infrastructure. For instance, in 2019, Ericsson had partnered with Next-tech wireless in order expand its 5G infrastructure to rural areas in the U.S. Increasing investments for 5G/LTE infrastructure is poised to drive the remote fiber testing equipment market in the telecommunications sector in near future.

Remote Fiber Testing Equipment Market Segment Analysis – By Geography

APAC dominated the Remote Fiber Testing Equipment market in 2020 with a share of 36.1%, followed by North America and Europe. As the APAC countries such as the China, Japan, India, South Korea have huge presence of telecommunication companies, there is huge adoption of remote fiber testing equipment which is set to drive the market in APAC region. APAC is the major region which has large number of data centers that are the largest consumer of fiber optic cables. According to Energy Consumption of Data Centers 2019, in China, the number of small and medium sized data centers had exceeded 4,00,000. Increasing number of data centers is poised to fuel the market. This region has an effective broadband and internet infrastructure that deploy intricate fiber optic cable networks, thereby creating the need for the remote fiber testing equipment. These are the key factors that escalate the growth of remote fiber testing equipment market in APAC.

Remote Fiber Testing Equipment Market Drivers

High investments and government initiatives

According to global system for mobile communications, mobile operators are expected to invest $160 billion for 5G networks internationally by the end of 2020. Penetration of LTE networks and fixed broadband subscription has rapidly increased the demand for remote fiber testing equipment. In addition to these, government initiatives such as Digital India, smart city programs with fiber optic cable network for smooth flow of IoT infrastructure set to drive the market growth.

Adoption of Fiber Optics for 5G Infrastructure

The high bandwidth and speed requirements and low latency requirements for 5G can be delivered by using fiber technology in the access network in order to support increased mobile backhaul and small cell rollout. In addition to these, high investments in 5G infrastructures drive the demand for fiber optic cables which in turn increase the demand for remote fiber testing equipment, thereby driving the market.

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Remote Fiber Testing Equipment Market Landscape

The remote fiber testing equipment top 10 companies include Keysight Technologies, Yokogawa Test and Measurement Corporation, Anritsu Corporation, Fluke Networks, National Instruments, VIAVI Solutions Inc, Anixter International, Kingfisher International Pvt Ltd, EXFO Inc, AFL and others.

Key Takeaways

North America had dominated the Remote Fiber Testing Equipment market in 2020 owing to early adoption of advanced connectivity networks and high investments in adopting them.

Adoption of fiber optic cables with the evolution of 5G networks set to drive the remote fiber testing equipment market.

High investments in research and development of advanced products such as optical spectrum analyzers, optical time domain reflectometers and others is escalating the market growth.

With growing demand for network speeds and bandwidth, there has been increasing demand for fiber optic cables which set to provide opportunities for remote fiber testing equipment.

The major drawback is the security concerns and lack of skilled expertise for solving the issues hinders the growth of the remote fiber testing equipment industry.

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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/remote-fiber-testing-equipment-market-size-to-grow-at-a-cagr-of-56-during-the-forecast-period-2021-2026/89037096

Source: MarketersMedia

Release ID: 89037096

Growing Demand for Personalized Medicine and Structure Based Drug Design Along With the Increasing Demand for Therapeutic Antibodies Is Set To Further Enhance the Overall Market Development of the Antibodies Market

Hyderabad, India – July 20, 2021 /MarketersMedia/ —

Antibodies Market size is forecast to reach $247.8 billion by 2026, growing at a CAGR of 12.3% during the forecast period 2021-2026. Antibodies are produced in response to antigens by plasma cells. It is also known as immunoglobin and are used as diagnostics as well as therapeutics purposes for various indications of diseases such as macular degeneration, crohn’s disease, psoriasis, and asthma among others. Antibodies are made by B cells and have the ability to bind themselves to specific molecules. It is also used to aid in the identification of molecules.

Antibodies Market Segment Analysis – By Product Type

Monoclonal Antibodies held the largest share in the Antibodies Market in 2020 and is estimated to grow at a CAGR 11.4% during the forecast period 2021-2026. This is attributed to the increasing number of research activities that required advanced genetic platforms and are used in development as well as discovery of new therapies to treat cancers. Monoclonal antibodies mimic the immune system’s ability and are laboratory made proteins which fight off harmful pathogens such as viruses. They offer stability, great affinity, and favorable storage techniques such as western blotting. Polyclonal antibodies is estimated to register the highest CAGR over the period 2021-2026.

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Antibodies Market Segment Analysis – By Technology

Western Blotting held the largest share in the Antibodies Market in 2020 and is estimated to grow at a CAGR 11.1% during the forecast period 2021-2026. This is attributed to the increasing prevalence of diseases with limited treatment options. Western blotting is preferred over other technologies such as flow cytometry for detection of HIV antibodies owing to the greater accuracy that it provides. Immunohistochemistry includes identification of antigens, tumor, enzymes, and tumor cell proliferation among others. Growing awareness among healthcare professionals and patients along with the rise in healthcare expenditure is increasing the demand of flow cytometry. Advantages such as high productivity and sensitivity is also the growth of the segment. Immunohistochemistry is estimated to register the highest CAGR over the period 2021-2026.

Antibodies Market Segment Analysis – By Geography

North America dominated the Antibodies Market with a major share of 39.7% in 2020. This is attributed to the growing research in the fields of proteomics & genomics, and presence of key players of biopharmaceuticals & biotechnology firms. Increasing prevalence of cardiovascular disease, increasing demand for antibodies for research reproductivity, government investments in improving healthcare expenditures, and increasing development activities to develop effective diagnostic therapy is increasing the growth of the market in this region. However, Asia Pacific is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to the increasing number of research activities, improving healthcare infrastructure, and increasing pharmaceuticals investments.

Antibodies Market Drivers

Availability of Inexpensive Biosimilar Therapeutic Antibodies

Availability of inexpensive biosimilar therapeutic antibodies is increasing the growth of the Antibodies Market. This is attributed to the increasing treatment seeking rate and patient acceptance. A biosimilar of Remicade was approved by EU in 2013 and is now available all over the world. Recently, EU approved two biosimilar antibodies for rheumatoid antibodies and Novartis AG unlocked the huge market potential for RA in 28 member states of EU.

Growing Prevalence of Various Forms of Autoimmune Disorders

Growing prevalence of various forms of autoimmune disorders is increasing the growth of the Antibodies Market. Autoimmune disease attacks the healthy cells, organs, and tissues. It can affect any part of the body that weakens the body function and can turn out to be life threatening. These diseases have no cure and sometimes require lifelong treatment to ease the symptoms. Women gets autoimmune disorders at much faster rate than men.

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Antibodies Market Challenges

High cost of therapeutic antibodies and quality concerns along with the lack of reproducible results
Some of the factors that are set to impede the growth of the Antibodies Market are high cost of therapeutic antibodies and quality concerns along with the lack of reproducible results.

Antibodies Market Landscape

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Antibodies Market. In 2020, the Antibodies Market share is consolidated by the top ten players present in the market. The Antibodies Market, top 10 companies are Abbott Diagnostics, AG Scientific Inc, Bristol Myers Squibb, Novartis AG, Pfizer Inc., and Thermo Fisher Scientific Inc. among others.

Key Takeaways

North America dominated the Antibodies Market in 2020 owing to the development of structure based drug designs and increasing research in the fields of proteomics as well as in genomics. The Antibodies Market scope for different regions will be provided in the final report.

Increasing prevalence of chronic disease and increasing applications in oncology, neurobiology, cardiology, and autoimmunology are likely to aid the market growth of the Antibodies Market report.

Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Antibodies Market report.

High cost of therapeutic antibodies and quality concerns along with the lack of reproducible results is poised to create the hurdles for the Antibodies Market.

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For more Lifesciences and Healthcare Market reports, please click here

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/antibodies-market-size-forecast-to-reach-2478-billion-by-2026/89035721

Source: MarketersMedia

Release ID: 89035721

Increasing Prevalence of Chronic Diseases & Growing Geriatric Population is Driving the Growth of PET-CT Scanning Market.

Hyderabad, India – July 20, 2021 /MarketersMedia/ —

PET-CT Scanning Market size is estimated at $1.7 billion in 2020, anticipated to grow at a CAGR of 5.4% during the forecast period 2021-2026. PET-CT is a medical diagnostic technique that examines the metabolic function of tissues within the body using a PET scanner and an x-ray CT scanner. PET scanners assess the functioning of organs and tissues by measuring body functions such as oxygen consumption, oncology, blood flow, and glucose metabolism.

Computed Tomography imaging produces images of internal organs using x-ray equipment and contrast content, which aids in the interpretation of organ function. When comparing PET and Computed Tomography scans separately, the combined PET-CT scans provide photographs of the precise location of irregular metabolic activity within the body, which can be used to provide more reliable diagnoses.

PET-CT Scanning Market Segment Analysis – By Type:

Based on Type, PET-CT Scanning Market is segmented into Full Ring PET Scanners and Partial Ring PET Scanners accounted for the largest revenue market share in 2020, as a full ring PET scanner has no gaps and is impractical for use while the patient is scanned while lying on the proton therapy bed compared to a partial PET scanner and the enhanced timing resolution (such as 300ps) contributes to reduced error in a full ring scanner.

Partial Ring PET Scanners segment is anticipated to grow with the fastest CAGR of 5.9% in the forecast period 2021-2026 as it is most widely used owing to cost effective imaging. Partial-ring PET images are generated from full-ring PET by removing coincidence events that hit detector blocks which drives the PET- Computed Tomography Scanning Industry.

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PET-CT Scanning Market Segment Analysis – Application:

Based on Application, PET-CT Scanning Market is segmented into Oncology, Neurology, Cardiology and Others. Oncology accounted for the largest revenue market share in 2020. Positron Emission Tomography (PET CT) is an important nuclear imaging method used to confirm the existence of different cancers.

Neurology segment is anticipated to grow with the fastest CAGR of 5.1% during the forecast period 2021-2026. This is to an increase in the incidence of surgery combined with a growing neurological disorder population and increased public awareness, thereby, expanding the PET-CT Scanning Market.

PET-CT Scanning Market Segment Analysis – By Geography:

Based on Geography, North America PET-CT Scanning Market accounted for the 44% revenue share in 2020 owing towards the rising road accidents, sports injuries, and the presence of several key players in the region. The high prevalence of cardiovascular diseases, especially in the United States will provide numerous opportunities for companies operating in this region to expand. The major players are working on modern PET-CT scanning systems that are technologically advanced.

The FDA and the US Nuclear Regulatory Commission (NRC) approved the compact RadioGenix System from NorthStar, a Beloit, Wisconsin-based company, in February 2018 to manufacture technetium-99m from non-uranium sourced molybdenum-99 (Mo-99) is accelerating PET-CT Scanning Industry expansion across the region.

PET-CT Scanning Market – Drivers

The Increasing Prevalence Of Chronic Diseases & Growing Geriatric Population:

The market is anticipated to expand owing the rising prevalence of infectious and chronic diseases such as cancer and heart disease, as well as the demand for effective diagnostic systems. According to the World Health Organization (WHO), chronic diseases will account for nearly three-quarters of all deaths worldwide by 2020, with ischaemic heart disease accounting for 71% of deaths and diabetes accounting for 70%.

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PET-CT Scanning Market – Challenges

Harmful Side Effects:

Owing to altered blood sugar or blood insulin levels, PET-CT scan test results of diabetic patients or patients who ate some food a few hours prior to the review could be adversely affected.

PET-CT Scanning Market – Landscape:

PET-CT Scanning Market top 10 companies are Spectrum Dynamics Ltd., Naviscan Inc, MedX Holdings Inc., United Imaging, Neusoft Medical Systems, GE Healthcare, Philips Healthcare, Siemens Healthcare, Positron Corporation and Segami Corporation.

Acquisitions/Product Launches:

In February 2019, Siemens Healthineers launched a new Biograph Vision positron emission tomography/computed tomography (PET/CT) device which was installed at the Hospital of the University of Pennsylvania (HUP) in Philadelphia, making it the first health care facility in the United States. This cutting-edge framework incorporates additional design enhancements that aid in patient management and health-care professional performance.

Key Takeaways

The growing need for early and reliable diagnosis, as well as the increasing demand for better medical solutions around the globe, is expected to drive demand for PET-CT Scanning.

Geographically, North America PET-CT Scanning Market held the largest revenue share of 44% in 2020 owing to the involvement of potential players who are developing innovative products, oncology, high investments in R&D and support of government towards the use of medical equipment’s and investments in healthcare. In the final report, the scope of the PET-CT Scanning Market for various regions will be given.

The PET-CT Scanning Industry is being driven by the rising prevalence of chronic diseases around the world, as well as the increasing demand for their diagnosis, has prompted diagnostic imaging companies to develop new services and expand existing ones.

Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market is provided in the PET-CT Scanning Market.

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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.

Contact Info:
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Source URL: https://marketersmedia.com/pet-ct-scanning-market-size-to-grow-at-a-cagr-of-54-during-the-forecast-period-20212026/89035733

Source: MarketersMedia

Release ID: 89035733

Growing Technological Advancements in Ultrasound Transducer Devices and Rising Use of Ultrasonic Systems is Driving the Growth of Ultrasound Transducer Market

Hyderabad, India – July 20, 2021 /MarketersMedia/ —

Ultrasound Transducer Market size is estimated to reach $5.2 billion by 2026, growing at a CAGR of 3.8% during the forecast period 2021-2026. Ultrasound transducers deals with medical ultrasonography to produce and detect the ultrasound waves. Ultrasonic sensors in the transducer translate electrical energy into sound waves that bounce off body tissues and emit echoes.

Ultrasound transducers are available in different sizes and shapes, and they exhibit diverse features. Ultrasound transducers come in a variety of sizes and forms, as well as a variety of features. Factors such as rising demand for minimally invasive therapies and the rising prevalence of respiratory, cardiovascular, and abdominal disorders are driving the market forward.

Ultrasound Transducer Market Segment Analysis – By Product Type

The Ultrasound Transducer Market based on the Product Type can be further segmented into Linear, Phased Array, Convex, CW Doppler, Endocavitary, and others. Convex segment held the largest share in 2020 owing to the high efficiency of the product. As compared to a linear array design.

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Ultrasound Transducer Market Segment Analysis – By Product Type

The Ultrasound Transducer Market based on the Application can be further segmented into Cardiovascular, General Imaging, Musculoskeletal, Obstetrics & Gynecology, Vascular, others. Cardiovascular segment is estimated to be the fastest-growing segment with a CAGR of 4.4% over the period 2021-2026. This is owing to the growing demand for accurate diagnostics, the introduction of specially designed products, the rising prevalence of heart-related disorders, and growing awareness among individuals regarding timely treatment.

Ultrasound Transducer Market Segment Analysis – By Geography

North America held a major share of 40.4% in 2020. This is owing to the widespread use of piezoelectric sensors and non-destructive testing (NDT) in imaging the thyroid gland, chest, and carotid artery has fueled this development. Furthermore, the region’s market is expected to expand due to rising demand for technologically advanced medical devices. Asia-Pacific is estimated to be the fastest-growing segment with a CAGR of 4.4% over the period 2021-2026 owing to the rapidly growing geriatric population, improving healthcare facilities for treating heart disorders, and growing medical ultrasonography applications. In addition, the key players are strategizing to increase their presence in the region and offer products at competitive prices, which is estimated to drive the regional market growth.

Ultrasound Transducer Market Drivers

Growing Technological Advancements in Ultrasound Transducer Devices

Rising technological advances in Ultrasound Transducer devices have led to the high pace of product launches, which is estimated to drive the ultrasonic transducer market growth. Major players are focusing on R&D activities to develop high-power, portable, single-use ultrasonic transducers.

Rising Use of Ultrasonic Systems

The increased use of ultrasonic systems owing to their high efficiency and safety is estimated to drive the growth of Ultrasound Transducers Market. These devices provide an accurate diagnosis, enables physicians to provide effective imaging to improve patient care with lower overhead and lower costs, and offer real-time data to doctors for better diagnosis.

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Ultrasound Transducer Market Challenges

Lack of experienced and skilled sonographers

Ultrasound Transducer requires skilled sonographers for obtaining an accurate artifact-free recording of good clinical quality and diagnostic value. Ultrasound transducer needs a trained sonographer to capture images in real-time to show the structure and movement of the internal body organs, blood flow through the blood vessels.

Ultrasound Transducer Industry outlook:

Transducer Market. Key companies of this market are E Healthcare, Siemens, Canon Medical Systems, Koninklijke Philips N.V., Samsung Medison, FUJIFILM SonoSite, Esaote, Hitachi, SIUI, Mindray, Shenzhen Ruqi Technology, Shenzhen Jiarui Electronic Technology, SonoScape Medical, among others.

Acquisitions/Product Launches:

In July 2020, FUJIFILM Sonosite, Inc., has announced the launch of the new Sonosite PX ultrasound system. Sonosite PX is a next generation in Sonosite POCUS, with most advanced image clarity in a Sonosite system.
In May 2020, Koninklijke Philips N.V. has launched the ultrasound solution for pediatric patient assessment, the latest addition for its Philips Ultrasound System (EPIQ Elite). The solution provides physicians to diagnose the pediatric patients by reducing additional diagnostic imaging steps.

In February 2019, Canon Medical Systems has launched 33 MHz ultra-high frequency transducer to expand the clinical applications of ultrasound New Transducer Delivers Highest Frequency by expanding its advanced, high-performing Aplio i-series ultrasound platform.

Key Takeaways

Geographically, North America Ultrasound Transducer Market accounted for the highest revenue share in 2020 and it is poised to dominate over the period 2021-2026 owing to the high adoption of piezoelectric sensors, Nondestructive testing (NDT) in imaging the thyroid gland, chest and carotid artery in the region.

The high demand for radiation-free and non-invasive diagnostic modalities is driving the growth of the general imaging segment.

Lack of experience and skilled sonographers is one of the major factors that is said to reduce the growth of the Market.

Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Ultrasound Transducer Market report.

Related Reports :

A. Ultrasound Device Market
https://www.industryarc.com/Research/Ultrasound-Device-Market-Research-508659

B. Ultrasonic Sensor Market
https://www.industryarc.com/Report/214/Ultrasonic-sensor-market-analysis-Forecast-report.html

For more Lifesciences and Healthcare Market reports, please click here

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Source URL: https://marketersmedia.com/ultrasound-transducer-market-size-estimated-to-reach-52-billion-by-2026/89036488

Source: MarketersMedia

Release ID: 89036488

Increasing Adoption of Electric Buses and Government Initiatives To Control Traffic is Driving the Growth of Bus Market

Hyderabad, India – July 20, 2021 /MarketersMedia/ —

The global Bus Market is forecast to reach $55.2 billion by 2026, growing at CAGR 6.7% from 2021 to 2026. Buses are most preferred mode of public transportation by many people in day to day life. Growing population in urban areas has increased the demand for buses. Increasing pollution and increasing emission has encouraged the many to convert to electric buses in the bus fleet.

Bus Market Segment Analysis – By Application

Transit buses are efficiently designed to move passengers within cities and also for other applications. These buses are used by private transport companies. Common public rely on buses to cater their needs for transportation in turn driving the demand for these buses. This is driving the market especially for doubler decker and articulated buses. Motor Coaches used in long distance travelling with comfortable seats and other amenities. Tourism sector utilises the multi axis buses, particularly motor coaches, so that the passengers are comfortable while travelling. This is driving the motor coach market at highest CAGR of 8.2% CAGR through 2026.

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Bus Market Segment Analysis – By Fuel Type

Bus market significantly utilizes diesel as their fuel resulting in over 55% share for this segment in 2020 but in recent years the pollution and emission of toxic gases has increased. Due to increasing pollution UITP Australia New Zealand has conducted an event for the flagship of Zero Emission Bus (ZEB) forum. The shift from the diesel and other fossil fuels to electric, compressed natural gas and liquefied natural gas is because of the stringent emission standards and environmental regulations set by many governments.

Bus Market Segment Analysis – Geography

APAC region dominates the market with highest market share of 36.5% due to the increasing demand and populations. Top players from China have focused extensively on capturing the transit growth and witnessed a growth in the market. APAC countries such as China and India have rapidly growing population which is expected to increase in the forecast period.

Bus Market Drivers

Increasing adoption of Electric Buses

There is increased adoption of electric buses due to two factors that is, one to control the pollution and other is to reduce the maintenance and operating cost compared to the diesel buses. Fuel plays a major role in cost of transport. Diesel cost is rising year on year. On the other hand Electric vehicles are lot cheaper in the long run and significantly the most comfortable mode of transport compared to diesel and petrol engine buses. This combined with pollution reduction in order to meet increased government scrutiny will drive market growth for electric buses.

Government Initiatives to Control Traffic

Increased population is one driver that is major cause for the pollution and traffic. The government initiatives from the ministry of road transport & highways in India has introduced the scheme for providing the central assistance to the states road transport undertaking for strengthening the public transport system. The scheme will provide the financial assistance for the use of latest information technology such GPS/ GSM based vehicles for tracking system, automatic fare collection system, electronic ticket vending machines and many others for the inter city and rural area operations.

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Bus Market Challenges

Outdated Infrastructure

The challenges in Bus Market are infrastructure of the buses with its old sub-systems, reactive rather than proactive response. Lack of stand-alone security systems like video surveillance and access control, in addition to the absence of cohesive command and control platform that enables transportation officials to respond to the incident will hinder the Bus Market.

Bus Market Landscape

Acquisition is the major key strategy used by the top players in the Bus Market. The market for Bus is consolidated with the top players Zhengzhou Yutong Bus Co., Volvo, Daimler AG, Xiamen King Long United, Traton (Man, Scania, etc.), Ashok Leyland, Navister and Others. These are the companies are subsequently planning to expand its market locally and globally.

Acquisitions/Technology Launches/Partnerships

In August, 2020, Eicher Motors’ VECV to acquire Volvo India’s bus biz for Rs 100.5 cr as a going concern on slump sale basis, of the bus business of Volvo Group India.

In July, 2019, Solaris Bus & Coach has been acquired by the Spanish company CAF, which expands its interest towards electromobility.

Key Takeaways:

The Bus Market will have the substantial growth in the forecast period especially in the transit segment. As the population increases and adoption of public transportation will be the top priority both by Government and by the public.

Bus market is expected to shift its fuel consumption from diesel to natural gas and electric. This in turn will reduce the pollution in the environment. Initiatives have been taken due to increased pollution in the past few years and this will drive the market grow during the forecasted period.

APAC region will show high growth due to increasing population and need for the public transportation for the people. This is especially rising in countries like China and India.

Related Reports :

A. School Bus Market
https://www.industryarc.com/Research/School-Bus-Market-Research-512518

B. EV Bus Market
https://www.industryarc.com/Research/EV-Bus-Market-Research-512768

For more Automotive related reports, please click here

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Source URL: https://marketersmedia.com/bus-market-forecast-to-reach-552-billion-by-2026/89037112

Source: MarketersMedia

Release ID: 89037112

Increased Adoption of Electric Boat Due to Pollution and Rise in the Growth Seaborne Business is Driving the Growth of Electric Boat and Ship Market.

Hyderabad, India – July 20, 2021 /MarketersMedia/ —

The global Electric Boat and Ship Market is estimated to surpass $10.4 billion mark by 2026 growing at an estimated CAGR of more than 11.1% during the forecast period 2021 to 2026. The market growth is mainly driven by the factors such as increased maritime transport and commercial ships demand, increased seaborne trades, and increased disposable income. Increased investments in hybrid and electric boat and ship building coupled with advanced technology are expected drive the global market.

Electric Boat and Ship Market Segment Analysis- By Type

Fully electric ships and boats use batteries or solar power and are projected to grow at the fastest rate of 14.2% through 2026. The carrying capacity of electric ships and boats are low compared to the conventional marine vessels which hinders market growth. However the Hybrid-Electric propulsion system produces less pollution which drives adoption. The power supplied to the propulsion is supplied from the natural gas generator. Hybrid technology is capable of reducing fuel consumption by 20%. It also lowers around 15% of carbon dioxide emission from ships and Is thus witnessing growing penetration.

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Electric Boat and Ship Market Segment Analysis- By Mode of Operation

Market is segmented based on Mode of operation into Manual, Autonomous, Remote controlled. Based on the mode of operation the manned segment has largest market share at 61% in 2020 but the lowest growth in the forecast period also in the future. Increasing demand for the electric and hybrid propulsion systems by commercial ships are the major reasons driving the market.

Electric Boat and Ship Market Segment Analysis- By Geography

Europe region dominates the market with a share of 34.9% in 2020 due to the highest demand for new electric ships & boats. Germany is a significant contributor to market growth in the region. UK became the first country in major G7 countries to set a target to reach net-zero greenhouse gas emissions by 2050 which includes adoption of electric boats. UK announced clean maritime by equipping water with zero-emission technology.

Electric Boat and Ship Market Drivers

Increased adoption of electric boat due to pollution

The driving factors of Electric Boat and Ship Market include factors like increased maritime tourism, increased seaborne trade as most of world’s goods are carried by ships. As the global economy is dependent on the shipping market, the electric boat market will play a bigger role in this sector as environmental causes have increasingly come to the forefront in this sector. Electric and hybrid types ships cause less emission and save the environment from getting polluted more.

Rise in the growth seaborne business

The rise in business through seaborne routes is one of the major factor driving the growth of the market. Owing to the efficient delivery of delicate manufacturing materials and other materials along with lower cost is driving the market growth. The seaborne routes are chosen for import and export purposes by many countries at a global level as the cargo and commercial ships can carry huge materials through just at one single voyage saving the cost of transportation.

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Electric Boat and Ship Market Challenges

Higher Manufacturing Cost

The challenges in Electric Boat and Ship Market are battery operation as they are not equivalent to conventional power sources such diesel and gas. Low power consumption and speed at sea. As a result to meet capability of conventional ships, manufacturing cost of electric boats and ships are higher. The market of electric marine vessels is highly fragmented with more than 100 players in the market. The fragmentation is further expected to increase during the forecasted period as their numbers are expected to increase. This can be highly challenging competitive environment for the players to sustain in the market.

Electric Boat and Ship Market Landscape

The market of electric ships uses the key strategies such as partnership and product launch to improve the growth. The market for Electric Boat and Ship market is consolidated with very less players Corvus Energy, Kongsberg, General Dynamics, Leclanche, Echandia Marine, Fincanteiri SpA, Siemens, Norweigian Electric Systems, General Electric and others. These are the companies are subsequently planning to expand its market globally.

Acquisitions/Technology Launches/Partnerships

In November, 2020, Hyundai Motors partnered with Vinssen, a start-up based in Korea to develop a new vessel powered by hydrogen fuel cells.

In February, 2019, Energy storage systems supplier Corvus Energy Holding acquired all shares in Grenland Energy, a maker of lightweight lithium-ion batteries for the maritime, offshore and subsea industry.

Key Takeaways

Development of new technologies like propulsion technology and increase in the seaborne trade across the globe and growing maritime tourism industry are the major factors influencing the growth of electric boats and ship market.

Europe has the highest share in the market. Government regulation has been imposed on shipping industry for the increased fuel emission. European commission published compliance with the sulphur standards for marine fuels. Such regulation has made the increased investments on electric ships and boats.

Related Reports :

A. Cargo Shipping Market
https://www.industryarc.com/Research/Cargo-Shipping-Market-Research-505719

B. Marine Engine Market
https://www.industryarc.com/Report/15099/marine-engine-market.html

For more Automotive related reports, please click here

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.

Contact Info:
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Email: Send Email
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Source URL: https://marketersmedia.com/electric-boat-and-ship-market-estimated-to-surpass-104-billion-mark-by-2026/89037102

Source: MarketersMedia

Release ID: 89037102

Increased Production of Automobiles and Increased Focus on Automotive Safety Is Driving the Growth of Automotive Electro-Hydraulic Power Steering Market

Hyderabad, India – July 20, 2021 /MarketersMedia/ —

The global Automotive Electro-Hydraulic Power Steering Market is estimated to surpass $22.6 billion mark by 2026 growing at an estimated CAGR of more than 5.8% during the forecast period 2021 to 2026. The market growth is mainly driven by the factors including increasing penetration of 48V architecture in latest vehicles, deployment of electronic control units and advancement in steer-by-wire systems. Automotive Electro Hydraulic Steering system has positive features such as natural smooth feel, fuel efficient system which uses power from battery rather than engine.

Automotive Electro-Hydraulic Power Steering Market Segment Analysis – By Application

The application segment is segmented into Commercial Vehicle and Passenger Vehicles. The passenger vehicle is expected to grow at 7.1% CAGR through 2026 due to increased demand for sedans, luxury sedans, and mid-range vehicles that have robust steering systems to ensure seamless drivability.

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Automotive Electro-Hydraulic Power Steering Market Segment Analysis – By Component

The component is segmented into Steering motor, Sensors and other. Automotive Electro hydraulic steering system is driven by the growing adoption of sensors. Sensors are anticipated to grow at a fast rate of 7.5% during the forecast period. Measuring the steering wheel position angle and rate of turn provide critical information are collected by the sensors in the power steering. The scan tool will typically display this information in degrees. The steering angle sensor is a part of a sensor cluster in the steering column. The sensor cluster will always have more than one steering sensors, few sensor clusters have three sensors to confirm the data.

Automotive Electro-Hydraulic Power Steering Market Segment Analysis – By Geography

APAC region has the highest share in production of both commercial and passenger vehicles thus resulting in market share of 35.5% in 2020 in the eletro hydraulic steering market. ROW is expected to grow its market share at fastest rate due to increased sales of luxury vehicles in the region. North America and Europe are providing stable demand among the segmented regions. Europe is one of the key maturing regions that will generate creditable opportunity in the global automotive electric power steering market over the forecast period due to the existence of significant automotive manufacturer presence.

Automotive Electro- Hydraulic Power Steering Market Drivers

Increased production of automobiles

Automotive Electro-Hydraulic Power Steering system market is increasing due to its importance in the automotive industry. Growing production of power steering systems in the APAC and Middle East continues as the market increases its disposable income with the increased growth of population thereby driving demand and production of vehicles. The trends towards the improved lifestyle which is comfort and safety along with technology advancements are the major driving force for the market.

Increased Focus on Automotive Safety

To improve the safety of the vehicles, companies have started developing impact absorbing steering columns. Companies such as NSK are involved in developing collapsible columns which can absorb load during a collision. The company is also developing pivot tilt steering column and Telescopic Steering Column for Trucks which adds rigidity for heavy vehicles.

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Automotive Electro- Hydraulic Power Steering Market Challenges

Increased Automation in power steering has in turn increased the price of the cars; this will affect the sales due to its high cost with potential preference for non-power steering systems due to potential cost factors. Challenges also faced in upgrading the vehicles from the traditional steering to electro hydraulic steering as the cost of the upgrading is too high. This will result in resistance from the vehicle owners to change their steering systems.

Automotive Electro- Hydraulic Power Steering Market Landscape

The market for Automotive Electro- Hydraulic Power Steering market is consolidated with the top players including Nexteer Automotive Group Ltd, NSK Ltd, JTEKT Corporation, ZF Friedrichshafen AG, Robert Bosch GmbH and other key players.

Acquisitions/Technology Launches/Partnerships

In June, 2020, Knorr-Bremse AG announced to acquire R.H Sheppard Co.Inc. from Wabco Holdings Inc to strengthen its position in steering systems for commercial vehicles, including in emerging highly automated trucks. The acquisitions price was $145 Million. Here the acquisition is connected with the pending takeover of Wabco by ZF Friedrichshafen.

In March, 2019, ZF completes acquisition of WABCO a commercial vehicle technology supplier for $7 Billion.

Key Takeaways

Growth of Commercial vehicles is expected during the forecast period as Electro-Hydraulic Power Steering offers higher fuel saving compared to the conventional steering which reciprocates with cost benefits for the commercial vehicle owners.

The heavier vehicles which are difficult to handle are introduced in the market and to reduce the manual effort, power steering or power assisted steering were introduced. This has increased the growth of the market.

APAC is expected to show growth during the estimated period. India and China are the major markets for the automobiles production as well as the consumption. Rising demand for vehicle will impact in rising demand for electro-hydraulic power steering.

Related Reports :

A. Automotive Steering System Market
https://www.industryarc.com/Research/Automotive-Steering-System-Market-Research-504389

B. Steering Columns System Market
https://www.industryarc.com/Report/1325/steering-columns-system-market-research-analysis.html

For more Automotive related reports, please click here

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.

Contact Info:
Name: Venkat Reddy
Email: Send Email
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Phone: (+1) 970-236-3677
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Source URL: https://marketersmedia.com/automotive-electro-hydraulic-power-steering-market-estimated-to-surpass-226-billion-mark-by-2026/89037116

Source: MarketersMedia

Release ID: 89037116

Increase in Number of Unmanned Machinery in the Facilities Has Also Given a Massive Boast to the Industrial Network Market

Hyderabad, India – July 20, 2021 /MarketersMedia/ —

Industrial Network Market is expected to reach 69.9 billion by 2026 at a CAGR of 6.1% during the forecast period 2021-2026. The rising adoption of connected factory and the machine to machine communication will significantly boost the industrial network market and is estimated to gain a huge demand. With the increase in adoption of asset tracking and supply chain management using industrial internet of things (IIoT) in the facilities will be driving the market.

The industrial network are designed to fulfill the real time needs of large number of systems. The increase in number of unmanned machinery in the facilities has also given a massive boots to the industrial network market. The necessity to efficiently manage the security, vulnerability, and the performance is another factor in increasing the market growth during the forecast period of 2021-2026.

Industrial Network Market Segment Analysis –By Category

In the category segment the Ethernet network has the largest market at 65% in 2020, since it is being used and all the wired connection are done while the facilities are setup so the network type has still managed to hold a huge amount of share in the market. In the era of digitization the wireless network has the fastest market growth with the penetration of Industry 4.0 and rising adoption of Industrial Internet of Things. For instance ORBCOMM an American that offers industrial Internet of things and machine to machine communications hardware has lunched dual mode industrial IoT for better way to effectively track and connected assets.

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Industrial Network Market Segment Analysis –By End User

The supplier ecosystem worked with the automakers to develop and commercialize the technology for the benefit of the industry. The automotive industry’s success with SPE serves to strengthen its foundation for use in manufacturing, process, and controls system industries. Similarly, these industries are embracing the technology to achieve a single converged network cloud to device and displace the prevalent legacy systems.

Industrial Network Market Segment Analysis – By Geography

APAC being an industrial hub of many several industries such as electronics, automotive and electrical has the largest market growth. In APAC countries like India, China and South Korea are the largest manufactures of electronics like smartphones laptops televisions. With the implementation of Industry 4.0 and 5G North America is a fast growing market region for the industrial network market during the forecast period of 2021-2026 at 5.6%.

Industrial Network Market Drivers

Growing demand to improve the network infrastructure

With growing technology evolution, the adoption of sensor-based industrial devices including industrial internet of things (IIOT) across industries has increased drastically. The industrial network comprises of different components like routers switches connection devices. These components offer higher speed and has an ability of connecting more nodes across the network.

Migration shift towards Adaptation of wireless technologies in the facilities

Wireless technologies have posted impressive growth rates of 6.4% or more in each of the past three years, although they still represent a relatively small portion of the overall market of newly installed nodes. The development of wireless technologies and the easy availability of the equipment are some major factors that will be boosting the market. This facilitates efficient networking of different application areas such as production and office. These extensive functional capabilities are boosting the growing market demand for industrial network.

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Industrial Network Market Challenges

Security concerns on cloud

Data security and data migration are the main challenges in hampering market growth. The detection of the loopholes and handling them before the data breach occur is another major challenge. With the rapid growth of industrial network nodes deployed at the field level, possible sensitive/confidential information will need to be protected with network-level authentication, such as with VPN (a virtual private network) and firewalls, to prevent unauthorized access to a network. The lack of standardization in the communicating interface may results in misreading and can cause data loss and loss in other type of data loss related to the facility.

Industrial Network Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the industrial network market. The offshore wind energy market is dominated by major companies such Huawei Technologies Co. Ltd., Cisco System Inc., Belden Inc., Moxa Inc., Rockwell Automation Inc., Juniper Networks Inc., Sierra Wireless, Belden Incorporated, Eaton Corporation Inc., and Aruba Networks.

Acquisitions/Technology Launches/Partnerships

In April 2020, ZTE Corporation deployed the core router single servers and network clusters for China Telecom in Jinzhou, Liaoning province, and Ganzhou, Jiangxi province, despite the trouble in transportation, supplies, and dispatching brought by the COVID -19 outbreak.

In April 2020, Cisco announced the intent to acquire privately-held Fluid mesh Networks, a provider wireless backhaul system.

Key Takeaway

The rising adoption of connected factory and the machine to machine communication will significantly boost the industrial network market and is estimated to gain a huge demand. With the increase in adoption of industrial internet of things (IIoT) in the facilities will be driving the market.

The supplier ecosystem worked with the automakers to develop and commercialize the technology for the benefit of the industry. The automotive industry has strengthened its foundation with the use of SPE servers in the manufacturing process, and controls system industries.

APAC being an industrial hub of many several industries such as electronics, automotive and electrical has the largest market growth.

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https://www.industryarc.com/Research/Industrial-Ethernet-Switch-Market-Research-505826

B. Ethernet Powerlink Market
https://www.industryarc.com/Report/19411/ethernet-powerlink-market.html

For more Automation and Instrumentation Market reports, Please click here

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.

Contact Info:
Name: Venkat Reddy
Email: Send Email
Organization: IndustryARC
Phone: (+1) 970-236-3677
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Source URL: https://marketersmedia.com/industrial-network-market-expected-to-reach-699-billion-by-2026/89036513

Source: MarketersMedia

Release ID: 89036513