Hydraulic Cylinder Market: Worldwide Industry to Boost in the Period of 2021-2025

The Hydraulic Cylinder Market size is projected to reach USD 15.8 billion by 2025 from USD 13.4 billion in 2020 at a CAGR of 3.3%.

The market growth is fueled by rising demand from the construction industry, growing use in mining equipment, and increasing demand for material handling equipment.

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Double-acting hydraulic cylinders to hold the largest size of hydraulic cylinder market from 2020 to 2025

Double-acting hydraulic cylinders are suitable for use in presses and chippers for opening and closing drawers and all types of raising and lowering devices such as excavators and cranes. Unlike single-acting cylinders, double-acting cylinders have two ports, i.e., the cap-end port and rod-end port, enabling them to operate hydraulically in forward as well as backward directions. They can be used vertically as well as horizontally as they have the mechanism to help the piston to expand and retract each time it pushes or needs to pull an object. The growing agriculture industry in APAC is expected to increase the demand for double-acting hydraulic cylinders.

Telescopic hydraulic cylinder market to grow at highest CAGR during the forecast period

Telescopic cylinders are also called multi-stage cylinders. They comprise several cylinders nested inside each other, termed as stages. To maintain stability, there are six stages. The largest sleeve is called the main or barrel within which the smaller ones fit. The retraction length of these cylinders is 20–40% of the fully extended length. Therefore, telescopic cylinders are ideal when mounting space is limited, and a long stroke is required. The high growth of telescopic hydraulic cylinders is attributed to their extensive use in applications such as dump trucks, excavators, roll-off trucks, and cranes.

Hydraulic cylinder market for agriculture industry to grow at highest CAGR from 2020 to 2025

Increasing population across the world and deteriorating environmental conditions have put pressure on the agriculture industry to meet the food demands. This has increased investments in machines for precision agriculture, which is expected to drive the demand for hydraulic cylinders. However, some of the major agriculture equipment manufacturers announced temporary factory shutdowns in the past few months due to the recent outbreak of the COVID-19 pandemic. Most of the agriculture equipment manufacturers source a few components such as hydraulic cylinders from suppliers that are also scaling back or struggling to remain open. This is expected to act as a challenge for the growth of the hydraulic cylinder market for the agriculture industry during the COVID-19 pandemic.

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APAC to be the fastest-growing market for hydraulic cylinders during forecast period

The hydraulic cylinder market in APAC is expected to grow at the highest CAGR during 2020 to 2025. Increasing demand for agricultural, construction, and mining equipment in APAC is supporting the growth of the hydraulic cylinder industry in the region. Countries such as China, Japan, and India are a few of the major manufacturing hubs for hydraulic cylinders. However, the outbreak of the COVID-19 pandemic in the region has led to a significant slowdown in the manufacturing industry. The pandemic has severely affected the manufacturing and supply chain of hydraulic cylinders. The implementation of lockdown in several countries in the region has led to supply chain disruptions eventually affecting the global economy.

The key players operating in the hydraulic cylinder market include Enerpac Tool Group (US), Bosch Rexroth (Germany), Caterpillar (US), Eaton (Ireland), KYB Corporation (Japan), Parker-Hannifin Corporation (US), SMC Corporation (Japan), Jiangsu Hengli Hydraulic (China), Wipro Enterprises (India), HYDAC (Germany).

Wireless Data Radio Modem Market Share & Forecast to 2023

The Wireless Data Radio Modem Market is expected to grow from USD 594.4 Million in 2018 to USD 724.1 Million by 2023, at a CAGR of 4.03% between 2018 and 2023.

 

The growth of the wireless data radio modem market is driven by the growing demand for radio modems in agricultural drones and surveys, dominance of radio modems in SCADA and telemetry applications, and low operational costs and more power-efficiency of private radio networks using radio modems.

 

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General-purpose wireless data radio modems:

The long life cycle of radio modems in the enterprise, due to dedicated spectrum and longer battery life, is expected to propel the growth of the general-purpose radio modem market during the forecast period. Moreover, the demand for radio modems is increasing as these modems require minimal infrastructure for facilitating communication and ensuring the delivery of data, in the form of voice and video, in the most cost-effective and reliable manner.

 

Wireless data radio modem market for long range:

The long-range wireless radio data modem for 910 MHz/2.4 GHz is designed with unmatched radio frequency (RF) performance and for extremely robust long-range frequency hopping. It is the most robust and cost-effective means of the industry for providing embedded long-range data communications between industrial serial communication devices.

 

Wireless data radio modem market in APAC:

This report segments the market into North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). The growth of the wireless data radio modem market in APAC is attributed to the increasing adoption of radio modems with the development of the transportation infrastructure, and mining and utilities industries in the region. The major countries in APAC such as India and China have started recognizing ITS as a crucial tool to solve social, economic, and environmental problems caused by traffic congestion, air pollution, and increased greenhouse gas emissions.

 

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The major players in the wireless data radio modem market include SATEL OY (Finland), Motorola Solutions (US), Schneider Electric (France), Digi International (US), Pacific Crest (US), Advantech B+B SmartWorx (US), FreeWave Technologies (US), Cohda Wireless (Australia), Campbell Scientific (US), and Harris Corporation (US).

EMC Shielding and Test Equipment Market Trends & Opportunities near Future

Global EMC shielding and test equipment market size was valued at USD 6.4 billion in 2020 and is projected to reach USD 8.2 billion by 2025; it is expected to grow at a CAGR of 5.2% from 2020 to 2025.

 

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Market Dynamics

Driver: Surging demand for consumer electronics

Restraint: High cost of EMC shielding and test equipment

Opportunity: Growing adoption of electric vehicles

Challenge: Trade-off between minituarization and EMC shielding of electronic devices

Key Market Players

The EMC shielding and test equipment players have implemented various types of organic as well as inorganic growth strategies, such as product launches, product developments, and acquisitions to strengthen their offerings in the market. The major players are Parker-Hannifin (US), PPG Industries (US), 3M (US), Henkel (Germany), and Keysight Technologies (US).

 

EMC test equipment Market, by Application

• Consumer Appliances and Electronics
• Automotive
• Military and Aerospace
• IT and Telecommunication
• Medical
• Railways
• Renewable Energy
• Industrial

ALD Equipment Market Size, Trends, Forecat 2027

The global atomic layer deposition (ALD) equipment market is estimated to be worth USD 4.1 billion in 2022 and is projected to reach USD 6.0 billion by 2027, at a CAGR of 8.2% during the forecast period. Advantages offered by atomic layer deposition and proliferation of 3D NAND SSDs are some of the major factors driving the market growth.

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In recent years, there has been a significant demand for semiconductor devices from various end-user industries due to the emergence of advanced technologies such as IoT, AI, and 5G. To meet this increasing demand, there has been a growing adoption of More-than-Moore applications such as MEMS and sensors, CMOS image sensors, and RF devices, among others. The adoption of these devices facilitates higher device scaling and cost reduction. The increased adoption of More-than-Moore devices has created growth opportunities for players offering ALD tools as ALD can be used for various front-end processes such as surface passivation, wafer level encapsulation, nucleation layers, and dielectric gate deposition. The emergence of technologies such as 5G is expected to create a surge in demand for More-than-Moore devices, increasing the need for advanced deposition techniques such as ALD.

Asia Pacific is expected to register the highest CAGR during the forecast period. Initiatives by various governments are a major factor driving the market growth in Asia Pacific. For instance, the South Korean government announced an expenditure of USD 451 billion by 2030 to strengthen the country’s domestic semiconductor production capabilities. The government, along with 151 other companies, is expected to offer funds in the form of a combination of government support packages, tax incentives, and investments by corporates. Similarly, in 2019, China announced a national semiconductor fund of ~USD 28.9 billion to support the country’s chip industry. Moreover, the increasing number of research facilities and growing advancements related to the semiconductor industry in Asia Pacific are expected to provide growth opportunities for market players offering ALD equipment.

Growing adoption of More-than-Moore devices, increase use of ALD for medical devices and rising demand for photovoltaics are expected to create growth opportunities for market players. Due to the rapid depletion of resources, there has been a surge in demand for renewable energy sources. With the help of PV cells and solar panels, energy from the sun can be converted into electricity. The growing demand for photovoltaics is expected to create lucrative opportunities for market players offering solutions for ALD. In solar cells, ALD films can be used as surface passivation layers, buffer layers, window layers, absorber layers, and hole/electron contacts.

Medical Alert Systems Market Size, Share, Industry Report, 2021-2026

The medical alert systems market is expected to grow from USD 6.8 billion in 2021 to USD 11.1 billion by 2026; it is expected to grow at a CAGR of 10.3 % during the forecast period.

Philips (Netherlands) ,Connected America (US) ,Valued Relationships (US) ,Medical Guardian (US) ,ADT (US) Guardian Alarm (US), Bay Alarm Medical (US), MobileHelp (US), Alert1 (US), and LifeFone (US) are among the key players operating in the medical alert systems market.

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Market Dynamics:

Driver: Increasing geriatric population globally along with the high level of health literacy among older people

Restraint: Stringent regulatory processes and increased testing requirements for product approval

Opportunity: Revolution brought by emerging technologies such as IoT and AI

Challenge: Supply chain disruptions caused due to outbreak of COVID-19

Market Segmentation:

1. Mobile based PERS in product segment for medical alert systems market to grow with highest CAGR during the forecast period.

2. Wireless connection type to have the largest size during the forecast period.

3. Home based users are expected to capture the largest market share during the forecast period.

4. Medical Alert Systems Market in APAC to grow with highest CAGR during the forecast period.

Medical Alert Systems Market, by Geography

North America (US, Canada, and Mexico)

Europe (UK, Germany, France, Italy, Spain, and Rest of Europe)

APAC (China, Japan, South Korea, India, Australia, and Rest of APAC)

RoW (South America, and Middle East and Africa)