Steam Trap Market Opportunity, Growth, Trends, Analysis to 2022

The steam trap market is projected to be valued at USD 4.11 Billion by 2022, at a CAGR of 4.2% between 2017 and 2022. The growth can be attributed to the strict regulatory framework imposed by regulatory bodies to reduce the carbon footprint, and end-user industries actively adopting steam traps to ramp up fuel savings and address the growing sustainability concerns.

 

Download Free PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=176735177

 

Steam trap market for tracing application to grow at the highest rate between 2017 and 2022

Tracing application of steam trap refers to the utilization of steam to indirectly raise the temperature of a process or product. Tracing application is used for both typical (where condensate backup is preferable) and critical services (where condensate backup is not acceptable) in steam lines. Thus, this segment is expected to grow at the highest rate between 2017 and 2022.

 

Steam trap market for mechanical steam traps leads the steam trap market

The market for mechanical steam traps is likely to lead the global steam trap market between 2017 and 2022. Mechanical steam traps are preferred for process applications due to their ability to discharge condensate at steam temperature. This is useful for applications such as heat exchangers, coils, and constant load applications.

 

Steel is the most preferred body material and is likely to continue to dominate during the forecast period

Steel body allows steam traps to withstand freeze-ups without damage to the steam system. Steel aids in the smooth operations of steam traps, as well as saves energy and reduces manufacturing cost. Steel as a body material offers cost effectiveness, design flexibility, reliability of the overall steam system, enhanced durability and environmental benefits such as recyclability. This, steel is anticipated to continue its dominance during the forecast period.

 

The oil & gas industry will likely hold the largest share of the steam trap market between 2017 and 2022

Steam traps allow oil & gas players to achieve optimum performance with regard to steam and condensate systems, and help reduce energy consumption during oil & gas production activities. Rising demand for reduced logistics and commercial downtime, increasing environmental concerns (such as reduction in CO2 emissions), and curtailment of fossil fuel usage are forcing oil & gas companies to rethink their strategies. Due to the aforementioned factors, the steam trap market for oil & gas is likely to grow at a significant rate during the forecast period.

 

North America to dominate the steam trap market between 2017 and 2022

The mandate of regulatory bodies for manufacturing companies to reduce carbon footprint is primarily driving the demand for steam traps in North America. The flourishing oil & gas industry, growing demand for enhanced efficiency, and increasing carbon dioxide emissions are propelling the growth of the steam trap market in this region.

 

Request Free Sample Pages:

https://www.marketsandmarkets.com/requestsampleNew.asp?id=176735177

 

Major players operating in the steam trap market include CIRCOR International, Inc. (US), Emerson Electric Co. (US), Flowserve Corporation (US), Pentair plc (US), Schlumberger N.V. (US), Spirax-Sarco Engineering plc (England), Thermax Limited (India), The Weir Group PLC (U.K.), Velan Inc. (Canada), and Watts Water Technologies, Inc. (US).

Wi-Fi Chipset Market worth $25.2 billion by 2026

According to the new market research report "Wi-Fi Chipset Market with COVID-19 Impact By IEEE Standard (802.11be, 802.11ax, 802.11ac), End-use application (Consumer, Smarthome, AR/VR, Networking Devices), Band, MIMO configuration, Vertical and Geography - Forecast 2026", published by MarketsandMarkets™, the Wi-Fi Chipset Market was valued at USD 19.7 billion in 2020 and is estimated to reach USD 25.2 billion by 2026; it is anticipated to grow at a CAGR of 4.2% during the forecast period (2021–2026)

Ask for PDF Brochure: 

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=42186393

 

The major factors driving the growth of the Wi-Fi chipset market are Growing number of public Wi-Fi hotspots, adoption of Internet of Things (IoT), growth of Wi-Fi in enterprise and business, rising need for faster data transfer and significant increase in the internet penetration rate. However, several factors, such as the decline in the shipment of tablets and PCs over the last few years and long standardization and certification time, are hindering the growth of the Wi-Fi chipset market. Moreover, increase in coexistence issues with LTE in LTE-U due to the use of 5 GHz band is a major challenge for Wi-Fi chipset manufacturers.  

 

MU-MIMO configuration is projected to witness the highest CAGR for the forecast period

MU-MIMO are expected to hold a major share during the forecast period. The growing penetration of MU-MIMO Wi-Fi chipsets in enterprise and consumer access point equipment is expected to be the major driver for its growth during the initial years of commercialization. The adoption of these chipsets in smartphones, 4K TVs, and gaming consoles is expected to accelerate the growth of the MU-MIMO Wi-Fi segment during the latter half of the forecast period.

802.11ax to account for largest share of Wi-Fi chipset market during forecast period 

802.11ax is expected to witness rapid growth in the overall Wi-Fi chipset market. This standard is expected to offer the highest spectral efficiency among all other existing IEEE 802.11 standards and is predicted to have a top speed of around 10 Gbps (as tested by Huawei Technologies Co. Ltd (China)). However, to meet the emerging demands for faster speed, a new amendment standard—IEEE 802.11be – Extremely High Throughput (EHT), also known as Wi-Fi 7—is anticipated to be released in March 2021. This new additional 6 GHz band with new features, including speeds up to 320-MHz bandwidth, will help achieve the target of EHT—a maximum throughput of at least 30 Gbps. It will find applications in high-throughput and low-latency services, such as 4K/8K video streaming, AR/VR applications, and online gaming.

Browse in-depth TOC on "Wi-Fi Chipset Market"

147 – Tables
62 – Figures
235 – Pages

Inquiry before Buying: 

https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=42186393

 

Tri band will have highest growth in coming years

The tri band segment is expected to account for a 24% share of the overall Wi-Fi chipset market by 2026. The high growth of the tri-band Wi-Fi chipset segment is attributed to the use of 802.11ac in smartphones and Wi-Fi access point equipment. The upcoming 802.11ax or Wi-Fi 6 is expected to provide 160 MHz channel widths to accommodate data-hungry applications over the 6 GHz band; it could lead to the adoption of Wi-Fi 6 and next-generation security of WPA3

Consumer electronics vertical is expected to hold the largest share in 2026

With the emergence of several smart appliances that can connect to the internet and smartphones, the IoT technology market for the consumer electronics segment is expected to witness healthy growth, and so is the Wi-Fi chipset market. Therefore, it tends to hold the major share of the Wi-Fi chipset market during the forecast period. Similarly, wide coverage range, fewer access points, minimized costs, and simplified network deployment are the factors fueling the demand for Wi-Fi 6 in enterprises, which was the second-largest market for Wi-Fi chipsets in 2020.

APAC is attributed to grow at the highest CAGR in the Wi-Fi chipset market during ther forecast period (2021-2026)

APAC accounted for the largest share of  the global Wi-Fi chipset market and is expected to become the largest market for Wi-Fi chipsets by 2026, accounting for an estimated 50% share of the market, in terms of volume There are several consumer electronics product manufacturers operating in China, South Korea, and Japan, such as Samsung Electronics Co. Ltd. (South Korea), Huawei Technologies Co. Ltd. (China), ZTE Corporation (China), and Sony Corporation (Japan). The large pool of consumer electronics manufacturers and low-cost manufacturing of Wi-Fi chipsets in China have led to the largest share of Asia Pacific in the Wi-Fi chipset market.

The Wi-Fi chipset market was dominated by Qualcomm Technologies, Inc. (US), Broadcom Inc. (US), MediaTek Inc. (Taiwan), Intel Corporation (US), Texas Instruments Incorporated. (US).

Micro Server IC Market by offering, Application, End-User | COVID-19 Impact Analysis

The micro server IC market is estimated to be USD 1.2 billion in 2021 and is projected to reach USD 2.2 billion by 2026; it is expected to grow at a CAGR of 12.6% from 2021 to 2026.

Some of the key driving factors of the Micro server IC marketare low power consumption and low space utilization of micro servers, growth in the trend of cloud computing and web hosting, and emergence of hyperscale data center architecture.

Hardware segment of micro server IC market to hold highest market share during the forecast period

Hardware is expected to constitute the largest market share of micro server ICs during the forecast year. Since hardware constitutes the main part of an SoC, companies such as Intel and ARM are working toward increasing the capability of their ICs by making the architecture denser and more efficient. Rising adoption of micro servers for dedicated hosting, front-end web, big data workloads, content delivery network, computing applications, and low space and application-specific functionality drive market growth. Moreover, the emerging edge computing ecosystem, namely the provisioning of advanced computational, storage and networking capability near data sources to achieve both low-latency event processing and high-throughput analytical processing, is expected to drive the market for micro server hardware in the coming years.

Download Free PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=952

Egde computing application to hold highest CAGR in micro server IC market from 2021 to 2026

Edge computing is one of the emerging applications for micro server ICs and is expected to hold the highest growth rate during the forecast period. The implementations of hyperscale cloud and growing investments in IoT have pushed edge computing into further limelight. As organizations strive to remain competitive in the digital business era, especially in a post-pandemic world, edge computing is a new enabler of customer insights and retention. Independent software vendors, system integrators, and enterprises will look to build cloud-independent solutions which will drive edge computing applications. Additionally, the growing adoption of 5G solutions will offer reduced latency and a way to connect the rising number of edge devices, particularly in the consumer space. There has been the rising need for edge computing for applications such as connected and autonomous vehicles, smart manufacturing and IoT, and smart cities. It has spurred the growth of edge data centers, and the rising importance of compact servers due to space constraints provides opportunity for micro servers.

Enterpise end user segment to hold highest market share during the forecast period

The enterprise end-user segment of the micro server IC market is expected to hold the highest market share during the forecast period. With the growth of smartphones, social platforms, big data, and IoT, the quantity and diversity of data has become huge. Managing dense workloads, ramping up data storage and security, upgrading legacy systems, and accommodating the technology demand a mobile workforce. Therefore, it has become important to modernize IT infrastructure, especially servers, to make them easy to manage and completely secure—whether critical applications and data are hosted on-site or in the cloud. Small and medium enterprises need server platforms that not only address current needs but also seamlessly handle future workloads, while lowering costs. Micro servers utilize lower power per node, reduce costs, and increase operational efficiency which makes them an ideal choice for medium-size enterprises.

Micro server IC market in APAC to grow at the highest rate from 2021 to 2026

APAC is expected to grow at the fastest rate for the micro server IC market owing to the presence of countries with large populations and rising adoption of micro servers across small and medium enterprises. The increasing penetration of internet services, along with the adoption of smart devices, has been fueling data generation. This further fuel the expansion of data centers in the APAC region. Rising importance of micro servers due to low power consumption and cost-effective solutions can be used for light load applications in data centers, which also drives the growth of the market. Data centers have become the hotspot of the IT market in China in recent years. China plans to invest an estimated USD 1.4 trillion over 6 years to 2025, in collaboration with government and private technology giants such as Alibaba and Huawei to generate opportunities for connected devices, AI, and autonomous driving applications, which will further drive edge computing applications.

Request Free Report Pages:

https://www.marketsandmarkets.com/requestsampleNew.asp?id=952

Key Market Players

The Micro server IC marketis dominated by players such as Intel Corporation (US), Advanced Micro Devices, Inc. (US), Hewlett Packard Enterprise Development LP (US), Quanta Computer Inc. (Taiwan), and NVIDIA Corporation (US).

Smart Card Market worth $16.9 billion by 2026

According to a research report "Smart Card Market with Covid-19 Impact by Interface (Contact, Contactless, Dual), Type (Memory, MPU Microprocessor), Functionality (Transaction, Communication, Security and Access Control), Offering, Vertical, and Region - Global Forecast to 2026", published by MarketsandMarkets™, the Smart Card Market is projected to reach USD 16.9 billion by 2026 from USD 13.9 billion in 2021; it is expected to grow at a CAGR of 4.0% from 2021 to 2026.

Major drivers for the growth of the market are surged demand for contactless card (tap-and-pay) payments amid COVID-19, proliferation of smart cards in healthcare, transportation, and BFSI verticals, transportation, and BFSI applications; increased penetration of smart cards in access control and personal identification applications; and easy access to e-government services and risen demand for online shopping and banking. Moreover, new mode of information security of users enabled by blockchain and adoption of smart cards in populated countries of APAC act as growth opportunities for developers of smart card.

Ask for PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=285

The contactless segment of the smart card market projected to largest share during the forecast period.

A contactless smart card includes an embedded smart card secure microcontroller or equivalent intelligence, internal memory, and a small antenna; it communicates with readers through a contactless radio frequency (RF) interface. Radio-frequency identification (RFID) or near-field communication (NFC) communication technologies are primarily used for contactless smart card applications. COVID-19 is positively impacting the contactless smart card market as the World Health Organization (WHO) and governments across the world are advocating the use of contactless smart cards for various purposes to ensure social distancing to contain the spread of the virus. Contactless smart cards provide ease, speed, and convenience to users. The contactless interface has become highly relevant in the current COVID-19 situation, especially for payment applications, as it facilitates safe and secure transactions without physical contact.

Among vertical, the telecommunications segment projected to hold the largest share of the smart card market during the forecast period.

A subscriber identity module (SIM) card is a type of microcontroller-based smart card used in mobile phones and other devices. A SIM identifies and authenticates a subscriber to a wireless cell phone network. The telecommunications segment accounted for the maximum share of 42% of the smart card market in 2020. Expanding global mobile network and improvements in its infrastructure are boosting the growth of the market. In addition, COVID-19 led to an increased demand for connectivity. The current crisis provided a push to the trend of digitalization of business and private communication with cellular technology, along with the generalization of digital conferences. Moreover, the penetration of high-end SIM card technologies, such as LTE, 5G, M2M, eSIM, and SWP, is expected to augment the market growth in the coming years.

Browse in-depth TOC on "Smart Card Market"
131 – Tables
57 – Figures
184 – Pages

Inquiry before Buying: 

https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=285

 

The Smart Card market in APAC projected to hold the largest share in 2020.

The APAC region is the largest market for smart card and is expected to lead the market for a few years. The robust financial system that is being increasingly digitized and government agencies incorporating smart chip-based systems for better monitoring of processes are propelling several APAC countries to adopt smart card solutions owing to increasing demand, specifically in the transportation, BFSI, retail, government, and healthcare sectors. Smart cards are used to purchase tickets in metros, buses, and ferries, among others, in several countries in APAC. China is projected to witness the highest demand for smart cards in the region owing to a large consumer base and the presence of a number of smart card manufacturers.

Properly implemented smart cards in all sectors have proven highly effective in combating thefts and fraud. Government projects, such as the Aadhar card in India, drive the demand for smart cards for use in a number of sectors. Moreover, security concerns, particularly within the public sphere, are also expected to fuel the growth of the smart card market in APAC.

Thales Group (France), IDEMIA (France), Giesecke + Devrient GmBH (Germany), CPI Card Group (US), HID Global Corporation (US), Watchdata (China), Eastcompeace (China), Inteligensa (US), ABCorp (US), and CardLogix (US) are a few major players in the smart card market.

Solar Lighting System Market by Light Source, Geography - Global Forecast to 2024

The Solar Lighting System Market is projected to reach USD 10.8 billion by 2024 from USD 5.2 billion in 2019, at the highest CAGR of 15.6%. Major drivers for the growth of the market are growing need for energy-efficient solar lighting systems for highways, increasing use of renewable energy for lighting, rising penetration & decreasing cost of LEDs, and growing demand from developing and emerging countries.

Furthermore, underlying opportunities for the solar lighting system market include a decline in the cost of solar lighting systems, favourable government initiatives, and enhancement in technological aspects of a solar lighting system. Major restraints for the market are lack of awareness about finance and payback period. The lack of customer ownership in utility-owned solar street lighting poses a significant challenge for the solar lighting system market.

Download PDF Brochure @:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=207347790

LED light source for solar lighting system to grow at higher CAGR during the forecast period

LEDs are used widely in solar lighting systems as these are energy efficient. LEDs offer benefits such as long life, durability, eco-friendly, and zero UV emissions. LEDs are compact and have a life span up to 50,000 hours, which is 30 times longer than incandescent bulbs and 5 times longer than CFLs. In the case of outdoor solar lights, lighting fixtures are exposed to different environmental factors such as heat, wind, and falling objects that can damage the fixtures.

LEDs comprise compound semiconductor materials and are hollow. This makes LEDs more durable than other types of lamp that withstand harsh conditions. These are resistant to vibrations, external impacts and shock, and are, therefore, preferred for different solar outdoor lighting types. Thus, their technical characteristics make it a viable choice over other light sources resulting in driving its demand over the forecast period.

Commercial application to hold largest share of solar lighting system market during forecast period

Solar lighting systems are installed in commercial areas such as corporate offices, schools, and universities. Commercial spaces need indoor lighting for illuminating cellars, corridors, and basements, and outdoor applications such as pathways and perimeters, among others. Solar lighting systems installed at these places help in decreasing energy and maintenance costs.

APAC is major contributor for solar lighting system and is expected to grow at highest CAGR during next 5 years

APAC is a potential market for solar lighting systems with huge opportunities for the development and implementation of new technologies. Countries such as China, Japan, India, South Korea, and Australia are taking initiatives toward the deployment of solar lighting systems. China is the biggest market in APAC for the deployment of solar lighting system solutions. Surging urbanization in developing countries in this region has been leading to the rise in the demand for energy. This consequently drives the demand for solar streetlights in this region. Reduction in the price of LEDs and increasing awareness about using energy-efficient lighting are expected to spur the solar lighting system market.

Request Sample pages of the Report @

https://www.marketsandmarkets.com/requestsampleNew.asp?id=207347790

China is the biggest market in APAC for the deployment of solar lighting system solutions. Surging urbanization in developing countries in this region has been leading to the rise in the demand for energy. This consequently drives the need for solar streetlights in this region. Reduction in the price of LEDs and increasing awareness about using energy-efficient lighting are expected to spur the solar lighting system market growth.

Signify Holding (Signify, Netherlands), Eaton Corporation Inc (Eaton, Ireland), Solar Electric Power Company (SEPCO, US), Sol Inc., (Sol by Carmanah, US), Su-Kam Power Systems Ltd. (Su-Kam, India), Clear Blue Technologies Inc (Clear Blue Technologies, Canada), SunMaster Solar Lighting Co.,Ltd. (SunMaster, China), SolarOne Solutions, Inc. (SolarOne, US), Solar Street Lights USA (Solar Street Lights, US), Solar Lighting International, Inc. (Solar Lighting, US), FlexSol Solutions B.V. (FlexSol Solutions, Netherlands), Azuri Technologies Ltd (Azuri, Kenya), Sunna Design (France), Nokero (US), and Solektra International (Africa) are a few major players in the solar lighting system market.

Major Drivers and Opportunities of AI Infrastructure Market

The Artificial intelligence (AI) refers to the theory and development of computer systems capable of performing tasks that usually require human intelligence. AI involves the study and synthesis of intelligent agents—in this case, a computer system. AI applications process large volumes of data, and they require powerful processing capabilities outside. AI infrastructure enables superior data throughput and storage capacity, as well as large data workloads.

AI infrastructure comprises hardware components such as processors, memory, storage devices, and networking, as well as server software. All these components deliver higher performance and improved efficiency than that of the conventional components. AI-optimized solutions can learn the patterns, relationships, transformations on their own when the data is shown to machine learning algorithms. The global AI infrastructure market is projected to grow from USD 14.6 billion in 2019 to USD 50.6 billion by 2025, at a CAGR of 23.1%.

Download PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=38254348

 

Key Players:

Key players operating in the AI infrastructure market are Intel Corporation (US), NVIDIA Corporation (US), IBM (US), Samsung Electronics (South Korea), Google (US), Microsoft (US), Micron Technology (US), Amazon Web Services (US), CISCO (US), Oracle (US), ARM (UK), Xilinx (US), Advanced Micro Devices (AMD) (US), Dell (US), HPE (US), Habana Labs (Israel), and Synopsys Inc. (US). Increasing adoption of cloud machine learning platform and escalating demand for AI hardware in high-performance computing data centers are driving the AI infrastructure market.

The AI infrastructure market for the hardware segment is estimated to grow at the highest CAGR during the forecast period

The AI infrastructure market based on hardware has been further segmented into a processor, memory, storage, and networking (switches, routers, and other equipment used to link servers in the cloud and to connect edge devices). NVIDIA (US), Intel (US), Micron (US), Xilinx (US), Google (US), Samsung (South Korea), Habana Technologies (Israel), and Graphcore (UK) are a few of the companies that develop hardware needed for AI.

The AI infrastructure market for deep learning is expected to grow at the highest CAGR during the forecast period

Deep learning is a class of ML based on multiple algorithms for creating relationships among data. Deep learning uses artificial neural networks to learn a representation of multiple levels of data, such as texts, images, and sounds. Its algorithms help in identifying patterns from a set of unstructured data. Presently, deep learning technology is used in voice recognition, fraud detection, recommendation engines, sentiment analysis, image recognition, motion detection, etc. Algorithms help in identifying patterns from a set of unstructured data. Deep learning uses artificial neural networks to learn multiple levels of data.

The AI infrastructure market for inference function is estimated to grow at a higher CAGR during the forecast period

Inference is sensitive to latency, and the trained model needs to analyze and provide analysis in near real time. The requirement of the infrastructure for model deployment to accelerate the data at the fastest rate is expected to drive the market for inference.

Request Sample Report Pages:

https://www.marketsandmarkets.com/requestsampleNew.asp?id=38254348

 

Among all regions, the market in APAC is expected to witness the highest CAGR during the forecast period

The market in APAC mainly constitutes major economies such as Singapore, South Korea, Japan, China, India, and Australia, which are expected to register high growth in the AI infrastructure market. APAC is the host to a few of the fastest-growing and leading industrialized economies such as China, Japan, and India in the world. It is witnessing dynamic changes in the adoption of new technologies and advancements in organizations across industries. Increasing adoption of deep learning and NLP technologies for finance, agriculture, marketing, and law applications is also driving the market in this region.

Rise in Demand for Optical Communication and Networking Equipment

The global optical communication and networking equipment market size was valued at USD 18.9 billion in 2020 and is projected to reach USD 27.8 billion by 2025; it is growing at a CAGR of 8.0% from 2020 to 2025. Rising adoption of cloud-based services and virtualization services all over the world, increasing data traffic due to increased internet usage, and growing number of data centers are the factors driving the optical communication and networking equipment industry growth.

Download PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=227693036

WDM technology to dominate the Optical Communication and Networking Equipment Market

WDM technology-based optical communication and networking equipment accounted for the largest market share in 2019 The development of ROADM-based WDM networking solutions is one of the emerging trends in the global optical networking and communications market. Manufacturers are investing huge capital in building WDM ROADM-based optical equipment so that they can provide faster and higher transmission capacity networks to their customers. Therefore, WDM technology is expected to continue to hold the largest market share during the forecast period.

The market of greater than 100 Gbps data rate to grow at highest CAGR during the forecast period

The market for optical communication and networking equipment with greater than 100 Gbps data rate is projected to grow at the highest CAGR during the forecast period. With the rapid development of 5G and high-performance services brought by cloud networks, the demand for higher bandwidth devices with a data rate of greater than 100 Gbps is expected to grow during the forecast period. Optical communication and networking devices with greater than 100 Gbps data rates are designed for providing data security in high-capacity broadband networks, short-haul enterprise and campus networks, high-bandwidth connectivity for DCI and cloud computing, and metro and long-haul network applications up to 2,500 km.

The optical communication and networking equipment market in APAC to grow at the highest CAGR during the forecast period

APAC is projected to hold the largest share of the market, in terms of value, during the forecast period, Asia Pacific is a major hub for consumer electronics, automotive, and industrial verticals. This region has become a global focal point for significant investments and business expansions. Users in this region have upgraded their connectivity solutions from 3G to 4G technology. Asian markets encourage the development of 5G mobile technologies, with commercial deployments planned in Japan and China by 2020.

Request Free Sample Pages:

https://www.marketsandmarkets.com/requestsampleNew.asp?id=227693036

Key Market Players

The major players in the optical communication and networking equipment market are Huawei Technologies Co. (China), Nokia (Finland), Cisco (US), Ciena (US), ADTRAN (US), ZTE (China), Broadcom (US), Finisar (US), Fujitsu Optical Components (Japan), Infinera (US), ADVA Optical Networking (Germany), NEC (Japan), Juniper Networks (US), Ericsson (Sweden), Corning (US), and Coriant (US). The key innovators in the market are Lumentum Operations (US), Calix (US), Oclaro (US), Arista Networks (US), NeoPhotonics (US), Mitsubishi Electric (Japan), and ECI Telecom (Israel).

Growth opportunities in Thermal Scanners Market

The global thermal scanners market size is estimated to grow from USD 4.1 billion in 2020 to USD 6.2 billion by 2025, at a CAGR of 8.6%. The key factors fueling the growth of this market are the increasing demand for thermal scanners at airports for mass screening, rising expenditure from the governments worldwide in aerospace & defense sectors, growing R&D investments by companies, governments, and capital firms to develop innovative thermal scanning solutions, and increasing the adoption of thermal scanners in the automotive industry.

Thermal scanners market for un-cooled technology segment accounted for a larger share of market in 2019

The un-cooled technology segment accounted for a larger share of the thermal scanners industry in 2019. The larger share is due to several advantages, such as better penetration in weak environmental conditions including dust, fog, and smoke and fewer mobile parts, providing long operating life with low maintenance.

Download Free PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=49318625

The Thermal scanners market for LWIR wavelength accounted for the largest share of market in 2019

The market for LWIR wavelength accounted for the largest share of the thermal scanners industry in 2019. The growth is attributed to the increasing demand for thermal scanners operating in LWIR wavelengths in automotive, civil infrastructure, food & beverages, and medical for monitoring and inspection as well as detection and measurement applications.

The Thermal scanners market for fixed devices accounted for the largest share of thermal scanners industry in 2019

In 2019, the fixed-type segment held the largest share of the thermal scanners market. The growth of this market is attributed to the increasing adoption of thermal scanners in industrial and commercial sectors. The recent outbreak of coronavirus in China and other parts of South East Asia have caused significant demand in fixed-mounted thermal scanners at airports and other crowded areas such as train stations, factories, and commercial buildings.

The Thermal scanners market for thermography expected to grow at the highest CAGR during the forecast period

The demand for thermography is mainly for monitoring and detection purpose which is likely to grow at the highest CAGR during the forecast period. The growth is attributed to the increasing adoption of thermal scanners in commercial and industrial sectors.

Thermal scanners are used as a maintenance tool for monitoring and inspection application in various buildings, historical monuments, and industrial equipment. Furthermore, thermal scanners are majorly in demand from these sectors to monitor the structural health of buildings and equipment. Also, these scanners find massive applications in mass screening of people to detect human temperatures. With the outbreak of coronavirus, it is expected that there would be higher adoption of thermal scanners at various airports across the globe.

Thermal scanners market in Aerospace & defense sector dominated market in 2019

In 2019, the aerospace & defense vertical dominated the thermal scanners industry. The dominance is due to the capability of thermal scanner products to work in all weather conditions irrespective of the time. Also, they are used for border surveillance, law enforcement, in ship collision avoidance and guidance systems, and structural health monitoring of aircraft. Moreover, they help soldiers in identifying, locating, and targeting the enemy forces.

Inquiry before Buying @

https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=49318625

Thermal scanners market in North America held a major share of market in 2019

Maintenance operators use thermal scanners for monitoring and inspection of commercial and residential buildings. North America is home to numerous historical monuments, commercial as well as residential buildings, and different process and manufacturing industries. Owing to this, North America held the major share of the thermal scanners market in 2019.

Key Market Players

FLIR Systems, Inc. (US), Fluke Corporation (US), Leonardo S.p.A. (Italy), L3HARRIS TECHNOLOGIES, INC. (US), and Opgal (Israel), are a few major companies operating in the thermal scanners market.

Significant Growth in Nanorobotics Market

The overall nanorobotics market is expected to grow from USD 4.9 billion in 2018 to USD 8.3 billion by 2023, at a CAGR of 11.1%. The growth of the market is driven by various factors, such as increasing government support and level of investment in nanorobotics, growing advancements in molecular robots, and rising focus on nanotechnology and regenerative medicine. Growth opportunities in emerging markets, increasing application areas of microscopes, and integration of microscopy with spectroscopy are expected to provide huge growth opportunities to players in the nanorobotics market.

Download PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=23476797

Nanomanipulator type to hold largest share of nanorobotics market, by type, during forecast period

Nanomanipulators are the first nanorobotics systems that are capable of nanopositioning. Nanomanipulators were first used in physics and chemistry fields as robotics are involved in the nanomanipulation for the development of several nanomanipulation systems. These systems were observed to present more capabilities similar to those in the industrial manipulators. In nanorobotics, nanomanipulators are mainly used to manipulate atoms and molecules and were among the first nanorobotic systems to be commercially available.

Large level of commercialization in healthcare sector to drive market growth for nanomedicine in nanorobotics market

Nanorobotics is widely used in nanomedicine owning to its healthcare characteristics. Nanomedicine accounted for the largest share of the overall nanorobotics market, by application, in 2017. The large share of this application attributes to the large level of commercialization in the healthcare sector for drug delivery, biomaterial, in vivo imaging, in vitro diagnostic, active implants, and drug therapy. The market for biomedical applications accounted for the second-largest share of the overall market, by application, in 2017.

Nanorobotics market in Europe to grow at significant rate during forecast period

The nanorobotics market in Europe is expected to grow at the highest CAGR during the forecast period. The high growth of the market in this region can be attributed to the increasing aging population and rising governmental healthcare expenditure in Europe. Also, Europe was among the earliest regions to recognize the potential of nanorobotics; therefore, a high level of public and private funding contributes to the high growth of nanorobotics in Europe. The market in Europe is closely followed by APAC, in terms of CAGR and expected to grow at the second-highest rate in the overall market, by region.

Request Free Sample Report:

https://www.marketsandmarkets.com/requestsampleNew.asp?id=23476797

Key market players

The nanorobotics market is currently dominated by Bruker (US), JEOL (Japan), Thermo Fisher Scientific (US), Ginkgo Bioworks (US), Oxford Instruments (UK), EV Group (Austria), Imina Technologies (Switzerland), Toronto Nano Instrumentation (Canada), Klocke Nanotechnik (Germany), and Kliendiek Nanotechnik (Germany). Other players operating in the market are Xidex (US), Synthace (Germany), Park Systems (South Korea), Smaract (Germany), Nanonics Imaging (Israel), Novascan Technologies (US), Angstrom Advanced (US), Hummingbird Scientific (US), NT-MDT Spectrum Instruments (SI) (Russia), and WITec (Germany), among others.

Key Growth and Trends for Battery Market in IoT Industry

The global battery market for IoT is estimated to grow from USD 9.2 billion in 2020 to USD 15.9 billion in 2025; growing at a CAGR of 11.6% from 2020 to 2025. The major factors driving the growth of the market are multi-fold rise in the use of IoT and increase in the adoption of IoT-enabled devices, increase in global demand for wireless communication, the surge in R&D activities to develop advanced, flexible, and thin batteries, and rise in demand for thin and flexible batteries used in IoT-enabled devices.

Download PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=153084557

Lithium batteries projected to hold largest share in battery market for IoT during forecast period

Lithium batteries have a plethora of applications in IoT devices such as wearables, home automation devices, retail, aerospace, and defense. Moreover, a feature such as high energy density is a key factor complementing its growth among other batteries.

Battery Market for primary batteries is expected to grow at highest CAGR during forecast period

Primary batteries are used in products that do not require high power and have a limited lifespan. These batteries are witnessing increasing applications in areas such as smart packaging, smart cards, home automation, retail, and medical and cosmetic patches, as they have low self-discharge time compared to rechargeable thin-film batteries. Therefore, the market for primary batteries is expected to grow at the highest CAGR during the forecast period.

Battery Market for IoT in North America accounted for largest size of market in 2019

The North American region is a key market for batteries used in IoT-enabled devices as it is home to some of the largest multinational corporations such as Intel (US), Texas Instruments (US), and Cisco Systems (US) that are key IoT enablers. Additionally, a number of North America-based companies are developing batteries for use in wearable devices, smart packaging, smart cards, medical devices, and wireless communication systems. The increasing demand for wearables and medical devices is a key factor driving the growth of the battery market in this region.

Advancements in the packaging industry in North America have led to the integration of smart sensors, RFID tags, and smart labels in packages. Smart packages use printed thin batteries. The rise in the demand for smart packaging is expected to drive the growth of thin-film and printed batteries segments of the battery market for IoT in North America. The increased penetration of IoT in medical devices and the miniaturization of wireless devices are expected to increase the demand for thin-film and printed batteries in North America.

Request More Details on:

https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=153084557

Key Market Players

Duracell Inc (Duracell) (US), Energizer Holdings Inc (Energizer) (US), Panasonic Corporation (Panasonic) (Japan), LG Chem Ltd (LG Chem) (South Korea), Samsung SDI Co (Samsung SDI) (South Korea), STmicroelectronics N.V (STmicroelectronics) (Switzerland), and Cymbet Corporation Inc (Cymbet) (US) are a few of the key market players in the battery market for IoT.