Global Geotechnical Instrumentation Market 2018 Key Players – Fugro N.V, Geokon, Durham Ge, Nova Metrix, Geocomp Corporation, Sisgeo Sr

Geotechnical instrumentation and monitoring deals in instruments used to monitor geotechnical sites or projects. Geotechnical monitoring is crucial for the successful completion of infrastructural projects. The demand for geotechnical instrumentation and monitoring varies for critical projects, such as tunnels, bridges, dams, excavations, and slopes.

The geotechnical instrumentation and monitoring market is estimated to reach USD 4.64 Billion by 2022, growing at a CAGR of 11.37% between 2017 and 2022.
The growth of the geotechnical instrumentation and monitoring market can be attributed to the awareness about the benefits of geotechnical instrumentation and monitoring and stringent government regulations for its implementation.
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Key players in geotechnical instrumentation and monitoring market are Fugro N.V. (Netherlands), Keller Group plc (U.K.), Geokon, Incorporated (U.S.), Durham Geo Slope Indicator, Inc. (U.S.), Nova Metrix LLC (U.S.), Geocomp Corporation (U.S.), and Sisgeo Srl (Italy).

Fugro is a leader in geotechnical instrumentation and monitoring applications and has an extensive array of services that are used in geotechnical monitoring applications across structures, such as bridges, dams, tunnels, and buildings. The company operates in more than 60 countries and is engaged in providing geotechnical, environmental, geological, and survey services for various structures. The services offered by Fugro include testing and monitoring, geoconsulting, and site investigation. In June 2016, Fugro signed a contract with the Ministry of Economic Affairs, Netherlands, to complete a geotechnical investigation at Hollandse Kust Zuid, a 356 km2 wind farm zone.

Keller Group plc is dedicated to providing services to the geotechnical instrumentation and monitoring market. The company is engaged in a broad range of geotechnical applications. Some of the services offered by the company include monitoring and analysis of deformation, vibration, dust and noise monitoring, excavation monitoring, and rail track monitoring. The company focuses on acquiring its competitors to grow in the market. For instance, it acquired Tecnogeo Group (Brazil) in 2016, and GeoConstruction Group (U.S.) in 2015. The company has attempted to provide sustainable alternatives through its geotechnical instrumentation and monitoring services.

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Ground Support Equipment Market | Study and Analysis

This report provides an in-depth analysis of the Ground Support Equipment (GSE) market from 2017 to 2022. It discusses industry and technological trends prevailing in the market. Furthermore, the report analyzes factors that are anticipated to drive or restrain the growth of the market in the near future. The ground support equipment market is projected to grow at a CAGR of 11.76% from 2017 to 2022. 

“Increasing demand for electric & hybrid GSE and rising number of airport expansions and developments are the key factors influencing growth of the ground support equipment market”

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Objectives of the Study:

The report analyzes the ground support equipment market based on type (electric, non-electric, hybrid), application (passenger service, commercial cargo service, commercial aircraft service, military cargo service, military aircraft service), end use (commercial, defense), component (equipment, MRO), and region (North America, Europe, Asia Pacific, Middle East, and Rest of the World).

The report provides in-depth market intelligence regarding the ground support equipment market and major factors, including drivers, restraints, opportunities, and challenges that may influence the growth of the market. It also provides an analysis of micromarkets with respect to individual growth trends, growth prospects, and their contribution to the overall market.

The report also covers competitive developments such as long-term contracts, new product launches and developments, and research & development activities in the ground support equipment market, in addition to business and corporate strategies adopted by key market players.

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The ground support equipment market in the Asia Pacific region is anticipated to grow at the highest CAGR from 2017 to 2022. This growth is primarily driven by the increase in aircraft orders, enhancement of airport infrastructures, and growing air passenger and cargo traffic. According to the China Civil Aviation, China’s yearly demand for ground support equipment is expected to increase due to the new airport developments and expansions as well as replacement of old ground support equipment.

Key manufacturers and suppliers of ground support equipment include JBT Corporation (US), Teleflex Lionel-Dupont (TLD) Group (France), Tug Technologies Corporation (US), Tronair Inc. (US), and AMSS GSE (UK), among others.

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

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Pyrometer Market expected to be worth USD 815.9 million by 2023

The report "Pyrometer Market by Type (Fixed Type, Handheld Type), Technology (Optical, Infrared), End-use Vertical (Glass Industry, Ceramic Industry, Metal Processing Industry), and Geography (North America, Europe, Asia Pacific, RoW) - Global forecast to 2023", The pyrometer market is estimated to grow from USD 542.4 Million in 2017 to USD 815.9 Million by 2023, at a CAGR of 7.0% between 2017 and 2023. 

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Increasing automation in the industrial sector and increasing demand for robust temperature–measuring devices in industries, such as glass, forging, and ceramics, are some of the driving factors for the growth of the pyrometer market. In the aforementioned industries, the devices used must be efficient and robust to perform precise operations even in harsh environments, and pyrometer is one such device. Most processes and systems in the manufacturing industry are being automated, and accurate temperature measurement with pyrometer is one such process. This factor would increase the demand for pyrometers in the industrial sector.

IR pyrometers expected to hold major share of pyrometer market during forecast period

The infrared (IR) pyrometer measures temperature of an object or surface from the radiation emitted by the object or surface. IR pyrometer is expected to be the dominant technology in the pyrometer market during the forecast period. This dominance of the IR pyrometer is mainly attributed to its high sensitivity in high temperature, which makes it suitable for end-user industries to detect high temperature with more accuracy.

Market for fixed pyrometers to hold a major share of the pyrometer market between 2017 and 2023

Fixed mount pyrometers are usually installed at one location for continuously monitoring the temperature of a target or surface. Fixed pyrometers are used for the temperature measurement in critical processes such as glass manufacturing, forging, rolling, and die casting because these pyrometers can be used in hazardous environmental conditions. Moreover, these pyrometers help in continuous temperature monitoring, which is one of the main requirements of the industries.

Metal processing industry expected to hold a major share of the pyrometer market between 2017 and 2023

In the metal processing industry, pyrometers are used to measure temperatures at different stages of various process including forging, rolling, extrusion, and die forming. Forging companies prefer robust, accurate, and standalone temperature measurement devices such as pyrometers and thermal imagers over thermocouples. This trend is expected to continue throughout the forecast period, thereby providing significant opportunities to pyrometer providers.

Europe is expected to dominate the pyrometer market between 2017 and 2023

This dominance is mainly attributed to the increasing automation in the industrial sector and the increasing demand for pyrometers for non-contact temperature measurement, which would create significant opportunities for pyrometer providers in this region. The higher growth rate is mainly attributed to the technological advancement in the temperature monitoring processes and the increasing use of remote temperature measurement devices for ensuring safety in high-temperature applications such as forging, glass, and ceramics. Europe is the second-largest steel producer in the world; hence, it is expected that there would be a significant demand for pyrometers in this region in the near future.

Land Instruments International (UK), Advanced Energy Industries (US), Accurate Sensors Technologies (Israel), Proxitron (Germany), PCE Instruments (Germany), LumaSense Technologies (US), Optris (Germany), AOIP (France), Optron (Germany), BARTEC (Germany), CHINO CORPORATION (Japan) Calex Electronics (UK), Micro-Epsilon (Germany), B+B Thermo-Technik (Germany), OPTEX CO. (Japan), OMEGA Engineering (UK), and Fluke Process Instruments (US) are the major players in the pyrometer market.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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

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Intense competition sparks innovation in space launch service industry

Innovation has been the insignia of the aerospace and defense sector since the launch of Sputnik into the low Earth orbit in 1957. Soon after, within a span of 10 years, humans were sent to the moon. The sector has prided itself in taking a novel approach towards problems and focusing on consistent technological enhancements. Today, we find that the ability of satellites to transform businesses is only matched by the pace at which the technology is growing.

Technology has ushered in a new era where space is being democratized, as satellites are being used for various services, including communication. The convergence of several factors like the miniaturization of enabling technologies, the need for rapid-response platforms for various applications, such as disaster mitigation and crisis management, launching of a personal satellite into the orbit, and the changing dynamics of space has helped to lower the cost of space launch services.
In addition, the space market of Korea, Japan, and India has been competitive.

The foray of private players like Space X into the space launch services market has further intensified the competition. This has spurred innovation in launch services with the manufacturing of disruptive technologies, which has helped to minimize the total satellite cost. Today, unlike in the past, certain components of the space shuttle or the satellite can be used twice or thrice, as done by companies like Space X.

Due to the reduced development time and launch cost of newer platforms as compared to the conventional large satellites, these platforms are being used in applications ranging from technology demonstrations and biological experiments to space weather research. Numerous academic, government, and commercial entities and pre-college age hobbyists are undertaking small/Nano satellite projects around the world. It is expected that in the near future, India, too, will send student satellites into space.

Moreover, new space companies are deploying various smaller, less complex, and cheaper satellites than a few large, complex, and costly satellites, which has led to an unexpected increase in the number of satellites being launched.

According to MarketsandMarkets, it is expected that more than 400 satellites will be launched by 2022, a significant increase from a mere 200 launches in 2016. Additionally, small satellite constellations will be launched on large launch vehicles that can deploy several satellites at a time into space for specific applications.

The short development cycle and low development cost are some of the benefits offered by small satellites. It is expected that small satellite manufacturers will drive the satellite market in the near future. Ergo, with the entry of private players into the space launch industry, it is now possible to have global coverage using constellations consisting of a few dozen small satellites.

For more Information Visit: Innovation has been the insignia of the aerospace and defense sector since the launch of Sputnik into the low Earth orbit in 1957. Soon after, within a span of 10 years, humans were sent to the moon. The sector has prided itself in taking a novel approach towards problems and focusing on consistent technological enhancements. Today, we find that the ability of satellites to transform businesses is only matched by the pace at which the technology is growing.
Technology has ushered in a new era where space is being democratized, as satellites are being used for various services, including communication.

The convergence of several factors like the miniaturization of enabling technologies, the need for rapid-response platforms for various applications, such as disaster mitigation and crisis management, launching of a personal satellite into the orbit, and the changing dynamics of space has helped to lower the cost of space launch services.

In addition, the space market of Korea, Japan, and India has been competitive. The foray of private players like Space X into the space launch services market has further intensified the competition. This has spurred innovation in launch services with the manufacturing of disruptive technologies, which has helped to minimize the total satellite cost. Today, unlike in the past, certain components of the space shuttle or the satellite can be used twice or thrice, as done by companies like Space X.
Due to the reduced development time and launch cost of newer platforms as compared to the conventional large satellites, these platforms are being used in applications ranging from technology demonstrations and biological experiments to space weather research. Numerous academic, government, and commercial entities and pre-college age hobbyists are undertaking small/Nano satellite projects around the world. It is expected that in the near future, India, too, will send student satellites into space.

Moreover, new space companies are deploying various smaller, less complex, and cheaper satellites than a few large, complex, and costly satellites, which has led to an unexpected increase in the number of satellites being launched.

According to MarketsandMarkets, it is expected that more than 400 satellites will be launched by 2022, a significant increase from a mere 200 launches in 2016. Additionally, small satellite constellations will be launched on large launch vehicles that can deploy several satellites at a time into space for specific applications.

The short development cycle and low development cost are some of the benefits offered by small satellites. It is expected that small satellite manufacturers will drive the satellite market in the near future. Ergo, with the entry of private players into the space launch industry, it is now possible to have global coverage using constellations consisting of a few dozen small satellites.


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Ground Support Equipment Market: The passenger service segment to account for the largest market share in 2017

“Increasing demand for electric & hybrid GSE and rising number of airport expansions and developments are the key factors influencing growth of the ground support equipment market”

This report provides an in-depth analysis of the Ground Support Equipment (GSE) market from 2017 to 2022. It discusses industry and technological trends prevailing in the market. Furthermore, the report analyzes factors that are anticipated to drive or restrain the growth of the market in the near future. The ground support equipment market is projected to grow at a CAGR of 11.76% from 2017 to 2022. 

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Ground support equipment are an integral part of airport operations and include all equipment that are used at airport to cater aircraft between flights for handling of passengers, cargo, and aircraft at ground level. Ground support equipment majorly comprises aircraft pushback, tow tractors, container loaders, passenger buses, cabin service vehicles, deicers, ground power units (GPU), aerial lifts, test units, forklifts, belt loaders, and boarding stairs, among others. 

Innovations in the ground support equipment market have led to the development of operationally efficient, environmentally clean, and economically viable solutions. Various airports have also been undertaking initiatives to reduce their carbon emissions, thereby leading to an increase in the procurement of GSE which comply with the latest emission norms.

The ground support equipment market in the Asia Pacific region is anticipated to grow at the highest CAGR from 2017 to 2022. This growth is primarily driven by the increase in aircraft orders, enhancement of airport infrastructures, and growing air passenger and cargo traffic. According to the China Civil Aviation, China’s yearly demand for ground support equipment is expected to increase due to the new airport developments and expansions as well as replacement of old ground support equipment.

Key manufacturers and suppliers of ground support equipment include JBT Corporation (US), Teleflex Lionel-Dupont (TLD) Group (France), Tug Technologies Corporation (US), Tronair Inc. (US), and AMSS GSE (UK), among others.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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

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Flow Battery Market expected to be worth 946.3 Million USD by 2023

A flow battery is a type of rechargeable battery, wherein energy is generated by 2 chemical components dissolved in liquids contained in the system and are mostly separated by a selective-ion membrane. Owing to the growing energy and power industry, the need for an efficient, inexpensive energy storage has increased over the years. 

Flow batteries solve this purpose and are currently adopted mostly in the utilities sector. The growing deployment of these batteries for grid-scale applications across the world is driving the market for flow batteries. 

The flow battery market is estimated to be valued at USD 230.2 million in 2018 and is expected to reach USD 946.3 million by 2023, at a CAGR of 32.7% between 2018 and 2023. The growth of this market is driven by increasing investment in renewable energy, inherent advantages of flow battery, high demand from utilities, and rising telecommunications tower installations.

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North America expected to hold the largest size of the flow battery market during the forecast period

North America held the largest size of the flow battery market in 2017, followed by APAC and Europe. The high number of flow battery installations in the region, mainly in the US and Canada, attributes to the dominating position of the region in the flow battery market. In addition, favorable economic conditions in the US and the increase in the importance of battery energy storage, as well as supportive regulatory policies aiding energy storage in the US and other countries in the region are encouraging many domestic and international manufacturers to deploy flow battery for efficient energy supply. Flow battery market in APAC is expected to grow at the highest rate during the forecast period.

ESS Inc. (US), GILDEMEISTER energy solutions (Austria), Primus Power (US), RedFlow (Australia), redT Energy (UK), SCHMID (Germany), Sumitomo Electric. (Japan), UniEnergy Technologies (US), ViZn Energy (US), and EnSync Energy Systems (US) are the major players operating in this market.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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

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APAC expected to hold the largest share of the power electronics market during the forecast period

The power electronics market is expected to witness a high growth during the forecast period. The overall market is expected to be valued at USD 41.73 Billion by 2022 from USD 36.17 Billion in 2015, at a CAGR of 2.4% between 2016 and 2022 The base year considered for the study is 2015 and the forecast period provided is between 2016 and 2022.

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The objective of the report is to provide a detailed analysis of the market based on materials, device type, vertical, and geography; information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges); and detailed value chain and Porter’s five forces analysis.

In addition, the objective of the report is to strategically profile the key players and comprehensively analyze their market rank and core competencies, along with detailing the competitive landscape for the market players as well as the new product launches, mergers, acquisitions, and collaborations in the market.

The power electronics ecosystem comprises power electronics devices manufacturers and providers such as Infineon Technologies AG (Germany), Texas Instruments, Inc. (U.S.), ON Semiconductor Corp. (U.S.), STMicroelectronics N.V. (Switzerland), Maxim Integrated Products, Inc. (U.S.), Fuji Electric Co., Ltd. (Japan), NXP Semiconductors N.V. (The Netherland), Qualcomm, Inc. (U.S), Vishay Intertechnology, Inc. (U.S.), Renesas Electronics Corp. (Japan), and Mitsubishi Electric Corp. (Japan).

Asia-Pacific (APAC) is expected to hold the largest share of the power electronics market during 2016–2022. The high growth of this market can be attributed to the emergence of APAC as a strong manufacturing hub with leading manufacturers of consumer goods increasing their manufacturing activities in this region. Cost advantages and initiatives by different countries in this region are expected to boost the domestic manufacturing and provide further impetus for the growth of the power electronics market.

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MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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Key factors influencing growth of the Ground Support Equipment Market

This report provides an in-depth analysis of the Ground Support Equipment (GSE) market from 2017 to 2022. It discusses industry and technological trends prevailing in the market. Furthermore, the report analyzes factors that are anticipated to drive or restrain the growth of the market in the near future. The ground support equipment market is projected to grow at a CAGR of 11.76% from 2017 to 2022.

Download PDF Brochure:
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Ground support equipment are an integral part of airport operations and include all equipment that are used at airport to cater aircraft between flights for handling of passengers, cargo, and aircraft at ground level. Ground support equipment majorly comprises aircraft pushback, tow tractors, container loaders, passenger buses, cabin service vehicles, deicers, ground power units (GPU), aerial lifts, test units, forklifts, belt loaders, and boarding stairs, among others.

Innovations in the ground support equipment market have led to the development of operationally efficient, environmentally clean, and economically viable solutions. Various airports have also been undertaking initiatives to reduce their carbon emissions, thereby leading to an increase in the procurement of GSE which comply with the latest emission norms.

Based on type, the electric GSE segment is expected to register the highest CAGR during the forecast period. This growth can be attributed to the revised emission norms by countries to reduce greenhouse gases emissions at the airports.

Based on application, the ground support equipment market has been segmented into passenger service, commercial cargo service, commercial aircraft service, military cargo service, and military aircraft service. The passenger service segment is expected to account for the largest market share in 2017. This growth is mainly attributed to the higher investments in infrastructure, expansion of existing airports, and upcoming new airports.

The ground support equipment market in the Asia Pacific region is expected to grow at the highest CAGR during the forecast period. This growth is primarily driven by the region’s focus on enhancing its airport infrastructure, which also entails procurement of GSE to cater the increasing passenger and freight cargo traffic.
For instance, according to the China Civil Aviation, China’s yearly demand for ground support equipment is estimated to be worth USD 644 million.

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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

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

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Battery Energy Storage System Market 2022 to Grow at 37.0% CAGR – Trends, Emerging Growth Factors and Forecasts

According to the new market research report "Battery Energy Storage System Market by Battery Type (Lithium-Ion, Advanced Lead Acid, Flow Batteries,, & Sodium Sulfur), Connection Type (On-Grid and Off-Grid), Ownership, Revenue Source, Application, And Geography - Global Forecast to 2022", the battery energy storage system market is expected to reach USD 6.81 Billion by 2022, growing at a CAGR of 37.0% between 2016 and 2022. Factors such as increasing demand for grid-connected solutions, growing electric vehicle market, high requirement of lithium-ion batteries in various applications, and government support are expected to boost the growth of the battery energy storage system market.

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The research methodology used to estimate and forecast the battery energy storage system market begins with capturing data on key vendor revenues through secondary research. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall market size of the global market from the revenue of the key players in the market.

After arriving at the overall market size, the total market has been split into several segments and subsegments, which are then verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, and executives. This data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. 

The ecosystem of the battery energy storage system market includes the raw material provider and component manufacturer, battery energy storage system manufacturers, system integrators, and distributors. The key players in the market include ABB Ltd. (Switzerland), AEG Power Solutions (The Netherland), General Electric Co. (U.S.), Hitachi ltd (Japan), LG Chem. (South Korea), NEC Corporation (Japan), Panasonic Corporation (Japan), Samsung SDI Co., ltd. (South Korea), Siemens AG (Germany), and Tesla Motors Ltd. (U.S.) among others.

This research report categorizes the global battery energy storage system market on the basis of battery type, connection type, ownership, revenue source, application, and geography. This report describes the drivers, restraints, opportunities, and challenges with respect to the battery energy storage system market. The Porter’s five forces analysis has been included in the report with a description of each of its forces and their respective impact on the battery energy storage system market. Brief information on the research methodology implemented for the report can be found in the report description provided on the website. 

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M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. 

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Europe is the largest, and fastest- growing region in Lithium Ion Battery Market

Lithium ion battery enables to deliver highly efficient products with high power and energy density and provides greater efficiency and accuracy for products with a range of different power capacities. The combination of lithium with other materials helps to add various features such as low cost, high power and energy density, increased shelf life, and chargeability factors important for different products such as consumer electronics and automotive. The lithium ion battery market is expected to be valued at USD 68.97 billion by 2022, growing at a CAGR of 16.6% between 2016 and 2022. The growth of this market is propelled by the increase in demand for electric vehicle, strict government mandates on fuel economy, growing demand for smart devices and other consumer electronics, and development toward enhancement of lithium ion batteries.

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LG Chem Ltd. (South Korea), Panasonic Corporation (Japan), Samsung SDI Co., Ltd. (South Korea), BYD Co L (China), and BAK Group (China) are some of the leading players in the lithium ion battery market. Some of the key strategies adopted by the major players to gain a competitive edge in the market include new product launches and developments, agreements, partnerships, contracts, mergers, acquisitions, and expansions. 

LG Chem Ltd. (South Korea) was the leading company in the lithium ion battery market in 2015. To maintain its position in the market, the company has been focusing on inorganic growth strategies such as contracts, partnerships, and agreements. In October 2016, the company entered into an agreement with Faraday Future Inc. (U.S.) to supply battery cells for electric vehicles. These agreements have enabled the company to strengthen its customer base and market position. The company is also focused on investing in R&D initiatives.

 

Panasonic Corporation (Japan) is one of the major players in the lithium ion battery market. The company has a strategically balanced product portfolio and a strong position in the market in APAC. The company adopts organic and inorganic growth strategies such as partnerships, agreements, and new product launches to gain a maximum share of the lithium ion battery market. For instance, in September 2016, the company launched a flexible lithium ion battery which has thickness of 0.55mm and can withstand twisting to an angle of 25° repeatedly. These batteries are used in smartcards and wearable devices. These active measures have helped the company strengthen its brand image and enhance its market presence.

Other companies involved in the development of lithium ion battery systems include Samsung SDI Co., Ltd. (South Korea), BYD Co. Ltd. (China), BAK Group (China), A123 Systems, LLC. (U.S.), GS Yuasa Corporation (Japan), Hitachi, Ltd. (Japan), Johnson Controls Inc. (U.S.), Saft Groupe S.A. (France), Toshiba Corporation (Japan), and Valence Technology, Inc. (U.S.).

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MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. 

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. 

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High-speed railways to lead the overall Track Geometry Measurement System Market

The track geometry measurement system market is expected reach USD 3.51 Billion by 2022, at a CAGR of 7.88% between 2016 and 2022.

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The market for high-speed railways is expected to hold the largest share of the overall market and projected to grow at the highest CAGR between 2016 and 2022. These rails are mostly intended for passenger travel and are considered as one of the safest modes of transportation. The high-speed railway projects have been progressing rapidly worldwide in recent years, creating opportunities for the TGMS market. This is proven to be an efficient transportation mode and stimulate further economic growth by connecting major cities.

The objective of this report is to define, describe, and forecast the market size and growth potential of the track geometry measurement system market across different segments such as measurement type (track gauge, twist, and others), operation type (no contact and contact), railway type (high speed, mass transit, heavy haul, light), and component. It also includes the forecast of the market size, in terms of value, with respect to four main geographies, namely, North America, Europe, APAC, and Rest of the World. The study identifies and analyzes the market dynamics such as drivers, restraints, opportunities, and industry-specific challenges for the market. 

It also profiles the key players operating in track geometry measurement system market. The base year considered for this report is 2015, and the forecast period for the market has been considered between 2016 and 2022. The growth of this market is driven by the factors such as increasing need for safety and security in railway transport and growing railway networks and metro lines. The diversified solutions and services such as asset management, rail track gauge inspection and diagnostics, data analysis and management in the railway transit system will create opportunities for the track geometry measurement system market.

APAC held the largest share of the track geometry measurement system market in 2015 because of various railway developments in the countries such as China, Australia, and India, among others. China is the major contributor for this region. As of 2015, China has the world's longest high-speed railway network. In addition, the rapid expansions in metro systems in the countries such as India and Australia are creating growth prospects in this region.

Some of the major players in this market are Ensco, Inc. (U.S.), Fugro (Netherlands), MER MEC S.p.A. (Italy), Balfour Beatty (U.K.), Egis (France), Plasser & Theurer (Austria), MRX Technologies (Australia), R. Bance & Co., Ltd. (U.K.), Bentley Systems, Inc. (U.S.), and Goldschmidt Thermit Group (Germany), among others.

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MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. 

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. 

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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RF Test Equipment Market worth 3.21 Billion USD by 2023

According to the new market research report on the "RF Test Equipment Market by Type (Oscilloscopes, Signal Generators, Spectrum Analyzers, Network Analyzers), Form Factor (Benchtop, Portable, Modular), Frequency, Application (Telecommunication, Consumer Electronics), and Region - Global Forecast to 2023", this market is expected to be worth USD 3.21 Billion by 2023 from USD 2.41 Billion in 2017, at a CAGR of 4.92% between 2017 and 2023.

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Browse 60 market data Tables and 41 Figures spread through 143 Pages and in-depth TOC on "RF Test Equipment Market - Global Forecast to 2023"
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Modular RF test equipment to grow at the highest rate during the forecast period

The market for modular RF test equipment is estimated to register the highest CAGR during the forecast period. This is attributed to its characteristics such as the ability to manage and analyze large datasets in real time and high-precision performance. Also, modular instruments have the ability to manage and analyze large datasets in real time. The introduction of the PXI (PCI extensions for instrumentation) standard as an extension of Compact PCI by National Instruments (US) helped OEMs to provide cost-efficient equipment and well-performing modular system components, which are among the prime reasons for its faster growth.

RF test equipment with a frequency range of 1 GHz to 6 GHz hold the largest share during the forecast period

RF test equipment in APAC to grow at the highest rate during the forecast period

APAC is expected to be the fastest-growing market for RF test equipment during 2017–2023. A number of OEMs as well as semiconductor device and product manufacturers are situated in APAC. The growing demand for RF test equipment is attributed to the increasing number of smartphones and continuous advancements in next-generation telecommunication standards, such as LTE, 4G, and upcoming projects on 5G. Moreover, favorable regulatory policies for the approval of new semiconductor technologies and the saturation of the market in developed countries are the factors that intensify the interest of foreign players in Asia Pacific.

The report profiles the most promising players in the RF test equipment. The competitive landscape of the market presents an interesting picture of the strategies adopted by a large number of players. The key players in this industry are Anritsu (Japan), Fortive (US), Keysight Technologies (US), National Instruments (US), and Rohde & Schwarz (Germany), Teradyne (US), Yokogawa Electric (Japan), Teledyne Technologies (US), Cobham (UK), EXFO (US), Giga-tronics (US), Chroma ATE (Taiwan), Good Will Instruments (Taiwan), and B&K Precision (US).

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

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

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Track Geometry Measurement System Market Projected to have great value in coming years

The track geometry measurement system market is expected reach USD 3.51 Billion by 2022, at a CAGR of 7.88% between 2016 and 2022.

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The objective of this report is to define, describe, and forecast the market size and growth potential of the track geometry measurement system market across different segments such as measurement type (track gauge, twist, and others), operation type (no contact and contact), railway type (high speed, mass transit, heavy haul, light), and component. It also includes the forecast of the market size, in terms of value, with respect to four main geographies, namely, North America, Europe, APAC, and Rest of the World. 

The study identifies and analyzes the market dynamics such as drivers, restraints, opportunities, and industry-specific challenges for the market. It also profiles the key players operating in track geometry measurement system market. The base year considered for this report is 2015, and the forecast period for the market has been considered between 2016 and 2022. The growth of this market is driven by the factors such as increasing need for safety and security in railway transport and growing railway networks and metro lines. The diversified solutions and services such as asset management, rail track gauge inspection and diagnostics, data analysis and management in the railway transit system will create opportunities for the track geometry measurement system market.

 

The track geometry measurement system includes research and development; component providers such as R. Bance & Co., Ltd. (U.K.), Geismar (France); original design manufacturers such as Ensco, Inc. (U.S.), Fugro (Netherlands), MER MEC S.p.A. (Italy), Balfour Beatty (U.K.), and Egis (France); technology providers such as Plasser & Theurer (Austria), Ensco, Inc. (U.S.), MRX Technologies (Australia); and post-sales service providers such as Goldschmidt Thermit Group (Germany), Rail Vision Europe Ltd. (U.K.).

High-speed railways to lead the overall market

The market for high-speed railways is expected to hold the largest share of the overall market and projected to grow at the highest CAGR between 2016 and 2022. These rails are mostly intended for passenger travel and are considered as one of the safest modes of transportation. The high-speed railway projects have been progressing rapidly worldwide in recent years, creating opportunities for the TGMS market. This is proven to be an efficient transportation mode and stimulate further economic growth by connecting major cities.

The market for gauge measurement systems held the largest share in 2015

The gauge measurement type has a major foothold in the track geometry measurement system market. Track gauges actually vary by country and sometimes within countries as well. Gauge measurement is a basic and key parameter for track geometry measurement to avoid derailment as it decides which rolling stock is compatible with a particular track gauge. The extensive use of gauge measurement system to check this compatibility makes it the largest segment.

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets 
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Moblie Augmented reality Market Market Study

According to the new market research report "Mobile Augmented Reality Market, by Component (3D Cameras, Displays, Sensors, and Software), Application (Smartphones, Tablets, Personal Digital Assistants (PDA)/Game Consoles, Smart Glasses, and Wearables), Vertical, and Geography - Global Forecast to 2022", is expected to be worth USD 79.77 Billion by 2022, at a CAGR of 69.85% between 2016 and 2022. The major driver for the growth of the mobile augmented reality market is the high penetration of smartphones and tablets in almost all verticals.

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To estimate the size of the mobile augmented reality market, top-down and bottom-up approaches have been used. This research study involves an extensive usage of secondary sources, directories, and databases such as Factiva and OneSource to identify and collect information useful to study the technical, market-oriented, and commercial aspects of mobile augmented reality. The research methodology is explained below.

This report provides valuable insights regarding the ecosystem of this market such as product developers and application developers, OEMs, system integrators, middleware and firmware providers, suppliers and distributors, camera manufacturers, software developers, developers of smart glasses and wearables, sensor providers, and standardization and testing firms. This study answers several questions of stakeholders, primarily which market segments to focus on in the next two to five years for prioritizing efforts and investments.

Demand for software components and smartphones expected to drive the mobile augmented reality market

The market for software components is expected to grow at the highest CAGR between 2016 and 2022. Software components include programming languages, platforms, interfaces, and software development kits (SDKs) used to develop mobile augmented reality apps. Also, for coordination with the real-world, software such as motion tracking, capturing algorithms, servers, and graphics libraries are required. The advancement in platform based-applications and networking services would lead the mobile augmented reality market. The demand for the Installation of various software applications in smartphones with high functionalities and embedded sensors, to sense the real environment and provide related virtual information simultaneously, is growing. Therefore, the demand for smartphones in mobile augmented reality is high.

Commercial vertical expected to witness highest growth between 2016 and 2022

The market for the commercial vertical is expected to grow at the highest CAGR between 2016 and 2022. The demand for mobile augmented reality apps in education and e-retailing sectors is very high. In the commercial vertical, mobile augmented reality gives a new experience to tourists by displaying virtual things in the real environment to enhance their experience. This would drive the growth of the mobile augmented reality market for the commercial vertical.

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About MarketsandMarkets

MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
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Markets and Markets
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