How Thermoelectric Modules Market segmented?

The report "Thermoelectric Modules Market by Model (Single-Stage, Multi-Stage), Type (Bulk Thermoelectric Modules, Micro Thermoelectric Modules, Thin-Film Thermoelectric Modules), Functionality, Offering, End-Use Application, and Region - Global Forecast to 2024", is projected to reach USD 1,023 million by 2024 from USD 668 million in 2019, at a CAGR of 8.9%. Benefits of thermoelectric modules over conventional systems, simultaneous heating & cooling of thermoelectric modules catering to the demand in several applications, growth of electric vehicle market and focus of governments as well as product & service providers on using renewable energy sources is expected to drive the thermoelectric modules industry growth. Furthermore, underlying opportunities for the thermoelectric modules market include the development of thermoelectric modules for new application arena and the concept of turning body heat into electricity.

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By Model:

• Single-stage
• Multi-stage

By Type:

• Bulk Thermoelectric Modules
• Thin-film Thermoelectric Modules
• Micro Thermoelectric Modules

By Functionality:

• Deep Cooling Modules
• General-purpose Modules

By Offering:

• Hardware
• Software & Services

By End-use Application:

• Consumer Electronics
• Telecommunications
• Automotive
• Industrial
• Medical & Laboratories
• Aerospace & Defense
• Oil, Gas & Mining

By Region:

• Americas
• Europe
• APAC
• RoW

Asia Pacific thermoelectric modules market expected to grow at highest CAGR during the forecast period

Asia Pacific accounted for the largest share of the thermoelectric modules market in 2018. It is the fastest-developing region for most of the applications such as automotive, consumer electronics, oil, gas & mining, and industrial.

The market in APAC has been segmented into China, Japan, South Korea, and the Rest of APAC. The region has emerged as a global focal point for significant investments and business expansion opportunities. The geography represents the fastest-growing thermoelectric modules market worldwide during the forecast period due to the increasing demand for waste heat recovery, consumer goods, industrial automation, and healthcare monitoring devices.

Ferrotec (USA) Corporation (Ferrotec, US), Laird Thermal Systems (LAIRD, UK), II-VI Marlow (Marlow, US), TE Technology, Inc. (TE Technology, US), TEC Microsystems GmbH (TEC Microsystems, Germany), Crystal Ltd (Crystal, Russia), Kryotherm (Kryotherm, Russia), RMT Ltd. (RMT, Russia), Thermion Company (Thermion Company, Ukraine), Thermonamic Electronics (Jiangxi) Corp., Ltd. (Thermonamic Electronics, China), KELK Ltd (KELK, Japan), and Guangdong Fuxin Technology Co., Ltd. (Fuxin Technology, China) are a few significant players in the thermoelectric modules market.

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 7500 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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How Body Area Network Market segmented?

The report "Body Area Network Market by Device Type (Wearable, Implantable), Component (Displays, Application Processors, Memory, Electromechanicals, Interfaces, Sensors), Application (Medical, Fitness & Sports, Security, Military), and Region - Global Forecast to 2024", is projected to grow from USD 9.1 billion in 2019 to USD 15.8 billion by 2024; it is expected to record a compound annual growth rate (CAGR) of 11.7%. Increased use of smart devices for tracking physical fitness and its availability at low-cost are major driving factors of the market. Utilization of advanced technologies to reduce the growing healthcare expenditure and adoption of IoT in healthcare applications provide an opportunity for the market.

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This research report categorizes the market, By Device Type, Component, Application, and Geography

Based on Device Type, the body area network market has been classified into the following segments:

• Wearable Devices
• Implantable Devices

Based on Components, the body area network market has been classified into the following segments:

• Displays
• Application Processors & Memory Modules, and Pulse Generators
• Electromechanicals
• Communication & Interface Components
• Power Management Units
• Sensors
• Others

Based on the Application, the body area network market has been classified into the following segments:

• Medical, Fitness, and Sports
• Military
• Security

Based on Regions, the body area network market has been classified into the following segments:

• North America
• Europe
• APAC
• RoW

North America to exhibit the largest market share for body area network through the course of the forecast period

Factors such as increasing penetration of smart devices such as smartwatches, fitness trackers, implantable devices; rising prevalence of chronic diseases and lifestyle-related disorders, growing healthcare costs, and escalating demand for better healthcare services drives the growth of body area network market in North America. Apple, Fitbit, Garmin, Fossil, and Medtronic are among the major players of the body area network market in North America.

Apple  Inc. (US), Fitbit (US), Samsung Electronics Co., Ltd. (South Korea), Garmin Ltd. (US), Fossil Group, Inc. (US), Xiaomi Corporation (China), Huawei Technologies Co., Ltd. (China), Casio Computer Co., Ltd. (Japan), LG Electronics Inc. (South Korea), Medtronic plc (US), Bragi (Germany), Polar Electro Oy (Finland), Mobvoi Information Technology Company Limited (China), GOQii (US), Suunto Oy (Finland), Withings (France), AsusTek Computer Inc. (Taiwan), Abbott Laboratories (US), Huami Corporation (China), and Matrix Industries (US) are among a few major players in the body area network market.

About MarketsandMarkets™

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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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How Absorbent Glass Mat (AGM) Battery Market Segmented?

According to the new market research report "Absorbent Glass Mat (AGM) Battery Market by Voltage (2-4 Volts, 6-8 Volts, 12 Volts & Above), Type (Stationary, Motive), End User (OEM, Aftermarket), Application (Automotive, UPS, Energy storage, Industrial), and Geography - Global Forecast to 2025", the global AGM battery market size is estimated to grow from USD 10.2 billion in 2019 to reach USD 13.9 billion by 2025; it is expected to grow at a CAGR of 5.3%. The AGM battery market is likely to exhibit lucrative growth potential during the forecast period. The growth of this market is expected to be driven by the inherent benefits tendered by AGM batteries, easy recyclability of AGM batteries compared with lithium-ion batteries, increasing demand for high powered batteries for UPS & energy storage, and growing investments for renewable energy systems. The market also has several opportunities that can be explored by existing and entry-level companies to expand businesses.

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In this report, the AGM battery market has been segmented into the following categories:

By Type:

• Stationary
• Motive

By Voltage:

• 2–4 Volts
• 6–8 Volts
• 12 Volts & above

By End User

• OEM
• Aftermarket

By Application

• Automotive
  • Motor Vehicle
  • Motorcycle
  • Others
• UPS
• Industrial
• Energy Storage
• Others

Geographic Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Rest of Europe
• APAC
  • China
  • Japan
  • India
  • Rest of APAC
• RoW
  • South America
  • Middle East
  • Africa

APAC to exhibit largest market size during forecast period

The AGM battery market in APAC is expected to grow at the highest CAGR during the forecast period. The huge population in this region leads to an increased energy demand, which eventually increases the need for fossil fuel based energy generation, and leads to renewable energy integration creating the need for batteries. In addition to this, APAC is home to some of the prominent players such as Vision Group (China), HBL Power Systems Ltd. (India), Leoch (China), and B.B. Battery (China) providing AGM batteries for different applications. These factors contribute to the high growth of the AGM battery market in APAC.

Exide Technologies (US), Clarios (US), Power Sonic Corporation (US), EnerSys (US), Fullriver Battery (US) East Penn Manufacturing Company (US), Universal Power Group (US), Fullriver Battery (US), and C&D Technologies (US), among others, are the major players operating in the AGM battery market.

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 7500 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, "Knowledgestore" 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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TOP 25 WAREHOUSE MANAGEMENT SYSTEM VENDORS IN 2020 | 360QUADRANTS RELEASES A QUADRANT

The Warehouse Management System market is estimated at USD 2.4 billion in 2020 and is expected to reach USD 5.1 billion by the end of 2025, at a CAGR of 16.0%.

This growth in the Warehouse Management System market can be attributed to varying supply chain models of product manufacturers and rapidly rising consumer demand, particularly in the transport and logistics and retail sectors. The WMS software is used by several end users such as B2B distribution companies, third-party logistics, and other manufacturing companies. The software helps in efficiently managing complex as well as less complex, resource-restricted warehouse operations.

A Warehouse Management System is a group of software and processes that help businesses in managing and enhancing their warehouse activities right from the time the goods enter the warehouse until they move out. An ideal Warehouse Management System has the potential to provide enhanced visibility into inventory whenever and wherever required. It also helps businesses in managing and improving supply chain operations. A Warehouse Management System is typically used together with or combined with a transportation management system (TMS) or an inventory management system.

Company evaluation was conducted for 40+ companies offering Top Warehouse Management System services, out of which 25 companies were shortlisted and categorized on a quadrant under Visionary Leaders, Innovators, Dynamic Differentiators, and Emerging Leaders.

Manhattan Associates, Blue Yonder (JDA Software), HighJump (Körber), Oracle, and SAP have been identified as Visionary Leaders, as they have established product portfolios and a robust market presence and business strategies. These vendors offer highly customizable and easily deployable Warehouse Management Systems for commercial clients, which, when combined with their robust business strategies, enables them to achieve sustained growth in the market.

IBM, Infor, Tecsys, and PTC have been identified as Innovators, as the companies have innovative portfolios of the best Warehouse Management System solutions and the potential to build strong business strategies for business growth to be at par with the leading companies in the market. The companies have been providing the best Warehouse Management System solutions as per the demands of customers.

Epicor Software, Dematic, Nulogy, Vinculum Solutions, Microlistics, Datapel, Cantaloupe Systems, 3PL Central, Reply, Genertix Group, and Softeonhave been identified as the Emerging Players in the warehouse management system market. These companies specialize in offering highly niche and personalized solutions and services to their clients and focus on acquisitions and improving their sales abilities in various regions with an aim to offer their integrated services to a wider range of clients.

PSI, Mantis, MadE4Net, BluJay Solutions, and Synergy Logisticshave been recognized as Dynamic Differentiators, as they have strong portfolios of the best Warehouse Management System solutions and services and also have a widespread network of channel partners and resellers to upsurge the deployment of their services across various vertical markets.

The 360Quadrants platform provides the most granular Warehouse Management System comparisons between vendors.360Quadrants conducts an in-depth SWOT analysis and accurately analyzes the companies considered for evaluation. This helps service providers in learning about new opportunities and areas where they lag behind their peers. It also helps clients in choosing the most appropriate vendor for their requirements.

Epicor Software, Dematic, Nulogy, Vinculum Solutions, Microlistics, Datapel, Cantaloupe Systems, 3PL Central, Reply, Genertix Group, and Softeonhave been identified as the Emerging Players in the warehouse management system market. These companies specialize in offering highly niche and personalized solutions and services to their clients and focus on acquisitions and improving their sales abilities in various regions with an aim to offer their integrated services to a wider range of clients.

PSI, Mantis, MadE4Net, BluJay Solutions, and Synergy Logisticshave been recognized as Dynamic Differentiators, as they have strong portfolios of the best Warehouse Management System solutions and services and also have a widespread network of channel partners and resellers to upsurge the deployment of their services across various vertical markets.

The 360Quadrants platform provides the most granular Warehouse Management System comparisons between vendors.360Quadrants conducts an in-depth SWOT analysis and accurately analyzes the companies considered for evaluation. This helps service providers in learning about new opportunities and areas where they lag behind their peers. It also helps clients in choosing the most appropriate vendor for their requirements.

About 360Quadrants

360Quadrants is the largest marketplace looking to disrupt USD 6.3 trillion of technology spend and is the only rating platform for vendors in the technology space. The platform provides users access to unbiased information that helps them make qualified business decisions. The platform facilitates deeper insights using direct engagement with 650+ industry experts and analysts and allows buyers to discuss their requirements with 7,500 vendors. Companies are able to win ideal new customers, customize their quadrants, decide key parameters, and position themselves strategically in niche spaces, to be consumed by giants and startups alike. Experts are able to grow their brand and increase their thought leadership. The platform targets the building of a social network that links industry experts with companies worldwide. The platform has around 400 buyers across various markets.

360Quadrants will also be launching quadrants in fields such as Digital Transformation Software, Cloud Computing Software, and Access Control Software.

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How is the Anti-Jamming Market segmented?

According to the new research "Anti-Jamming Market for GPS by Receiver Type (Military & Government Grade, and Commercial Transportation Grade), Technique (Nulling, Beam Steering, and Civilian), End-User (Military, and Civilian), Application, and Geography - Global Forecast to 2023", is expected to grow from USD 3.86 billion in 2018 to USD 5.50 billion by 2023, at a CAGR of 7.34%. The growth of this market is mainly driven by factors such as the high demand for GPS technology in military applications and the ongoing developments to improve the overall GPS infrastructure. The global positioning system (GPS) was originally developed for military purposes and has proven to be essential for land, air, and sea navigation as well as for the accurate positioning for a wide range of military applications. Also, the use of anti-jamming systems and technology with GPS receivers and antennas helps prevent the jamming of signals. Therefore, the high demand for GPS and GNSS devices in military applications is driving the growth of the anti-jamming market for GPS. The ongoing developments in this technology are likely to enhance coverage and reliability. The increased penetration of the GPS technology in a wide array of applications is expected to be driven by coverage enhancements.

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By Receiver Type

• Military and government grade
• Commercial transportation grade

By Anti-Jamming Technique

• Nulling technique
• Beam steering technique
• Civilian techniques

By Application:

• Flight control
• Surveillance and reconnaissance
• Position, navigation, and timing
• Targeting
• Casualty evacuation
• Others

By End User:

• Military
  • Airborne
  • Ground
  • Naval
  • Unmanned Vehicles
• Civilian

By Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK
  • Rest of Europe (Greece, Spain, Italy, Russia, Finland, Denmark, Netherlands, and Sweden)
• Asia Pacific (APAC)
  • China
  • Japan
  • India
  • South Korea
  • Rest of APAC (Australia, New Zealand, Singapore, Hong Kong, Indonesia, and Taiwan)
• Rest of the World (RoW)
  • Middle East and Africa
  • South America

Anti-jamming market for GPS in APAC to grow at highest CAGR during forecast period

The anti-jamming market for GPS in APAC is expected to grow at the highest CAGR during the forecast period. The rising adoption of GPS technology in the defense and commercial sectors, with a focus on accuracy and secured navigation, is expected to propel the growth of the anti-jamming market for GPS in APAC during the forecast period. Additionally, the increase in defense expenditures of India and China, among others, and the expansions of militaries in emerging economies have accelerated the demand for GPS anti-jamming solutions in APAC.

The key players in the market include Rockwell Collins, Inc. (US), Raytheon Company (US), Cobham plc (UK), NovAtel, Inc. (Canada), Mayflower Communications (US), Furuno Electric Co., Ltd. (Japan), Harris Corporation (US), BAE Systems plc (UK), u-blox Holding AG (Switzerland), and InfiniDome Ltd. (Israel).These players are increasingly undertaking contracts, acquisitions, and product launches and developments to develop and introduce new technologies and products in the market.

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 7500 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, "Knowledgestore" 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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What is the future valuation of global Micro Battery Market?

The global Micro Battery Market is projected to be valued at USD 631 million in 2025.

According to the new market research report "Micro Battery Market by Type (Thin Film, Printed, Solid State Chip Battery), Capacity, Rechargeability, Application (Smart Cards, Smart Packaging, Medical Devices, Wearable Devices), and Geography - Global Forecast to 2025", the global micro battery market is estimated to be USD 128 million in 2019 and is projected to reach USD 631 million by 2025, at a CAGR of 30.4% between 2019 and 2025. The growth of this market can be attributed to the inherent advantages offered by micro batteries. Some of the major benefits of micro batteries includeflexibility, safety, high energy density, lightweight, longer lifespan, as well as low cost. These factors have helped the micro battery market gain traction in applications such as smart cards, smart packaging, medical devices, and wearable devices, as well as penetrate application areas such as smart textiles and wireless sensors.

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Thin film battery held largest share of micro battery market in 2018

The micro battery market, based on type, is led by the thin film battery segment (in terms of size). Micro batteries are preferred for use in miniature devices. Manufacturers designing portable products with limited internal space prefer to use micro batteries over conventional batteries to overcome safety concerns and to increase battery life. Thin film batteries are widely used in applications such as smart packaging, smart cards, wearable devices, and medical devices. The trend of miniaturization in products used in these applications has increased the demand for thin film lithium-ion batteries, thus driving the growth of the thin film battery market significantly.

Market for wearable devices application likely to grow at highest CAGR during forecast period

The market for the wearable devices application is expected to witness the highest CAGR during the forecast period. The increasing demand for intelligent smartwatches and fitness bands has given rise to the development of innovative product designs and the adoption of related components that are compact and flexible in nature. Most of the wearable devices require batteries that have a high capacity, can be recharged at a fast rate, and are long-lasting. These requirements are opening doors for the applications of micro batteries in wearable devices. Incorporating micro batteries not only makes the devices lightweight but also meets the other critical requirements of the devices, such as energy density, power capacity, and increased life cycle.

APAC accounts for largest market size during forecast period

APAC held the largest share of the micro battery market in 2018, followed by North America and Europe. Major manufacturers of wearable devices and consumer electronics in this region are miniaturizing their product designs, which require micro power sources for compatibility with the miniaturized designs. Also, technology advancements in smart packaging (such as the use of printed RFID tags and smart labels in packages), as well as the adoption of medical devices, mainly pacemakers, drug delivery systems, and medical patches, which require lightweight, flexible, and safe power sources, are fueling the market growth of micro batteries in the APAC region.

Cymbet Corporation (US), STMicroelectronics N.V. (Switzerland), Samsung SDI Co., Ltd. (South Korea), Enfucell Oy Ltd. (Finland), BrightVolt Inc. (US), Power Paper Ltd. (Israel), ProLogium Technology Co., Ltd. (Taiwan), Front Edge Technology, Inc. (US), PolyPlus Battery Co. Inc. (US), Panasonic Corporation (Japan), TDK Corporation (Japan), Blue Spark Technologies, Inc. (US), NEC Energy Solutions Inc. (US), Jenax Inc. (South Korea), Ultralife Corporation (US), and Molex (US) are some of the major players operating in this market.

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 7500 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, "Knowledgestore" 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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Digital Holography Market | North America expected to account for largest share

The report "Digital Holography Market by Offering (Hardware and Software), Application (Microscopy, Holographic Display, Holographic Telepresence), Vertical (Commercial, Medical, Automotive), Technique, Process, Region - Global Forecast to 2024", is projected to reach USD 5.4 billion by 2024 from USD 2.2 billion in 2019; growing at the highest CAGR of 19.8%. Major drivers for the market’s growth are rising demand for digital holography in medical and commercial applications, the growing adoption of digital holography in the financial sector for security purposes, and increasing use of digital holography microscopy for precise measurements. Furthermore, underlying opportunities for the digital holography market include potential demand for holographic displays for near to eye applications, and latent opportunities for digital holographic solutions from countries in APAC particularly, China, Japan, and South Korea. Major restraints for the market are the high cost of digital holographic products. Computational complexities in the acquisition and reconstruction of holograms and the lack of technological awareness in the market pose a major challenge to the digital holography market.

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North America expected to account for largest market share from 2020 to 2025

North America is technologically advanced, and an early adopter of emerging technologies is expected to be a front runner in the global digital holography market. Additionally, North America is home to major vendors of digital holography solutions; the high demand for holographic solutions in various industries such as commercial, aerospace & defense, medical, and other is a dominant driving force substantiating the market growth in the region. There has been an escalated demand for holographic displays for commercial applications by retailers.

“Software offerings to grow at higher CAGR during forecast period”

Software algorithms are used in computers for the reconstruction of holographic images. In advanced systems, these algorithms produce high-quality images with 3D visualization in less time. In digital holographic displays and holographic telepresence, computerized algorithms are increasingly being used for image processing. This is expected to boost the development of software packages for projection, imaging, and reconstruction purposes. Various software applications are being developed to make image processing more effective and accurate, within less time. As hardware components are one-time investments, the demand for software components is expected to be higher during the forecast period, as they are constantly upgraded.

“Digital holographic microscopy to register highest CAGR during forecast period”

Digital holography finds application in microscopy, display, and telepresence. The market for digital holographic microscopy (DHM) is expected to grow at the highest CAGR during the forecast period. DHM is used in a wide range of applications ranging from holographic aperture ladar (HAL) to vibration analysis. In medical and biomedical sectors, digital holographic microscopes are used to display the 3D images of living cells in real time. In material science, DHM is used routinely for research in academic and industrial labs, depending on the application, microscopes can be configured both in transmission and in reflection. The attractive features of DHM such as high-acquisition rate, the monitoring of physiological and pathological activity of cells and tissue culture, along with non-contact, non-destructive, and marker-free capabilities in vivo imaging are driving the adoption of DHM in medical applications.

Commercial vertical to hold largest size of digital holography market during forecast period

Based on vertical, the digital holography market is segmented into medical, aerospace & defense, automotive, consumer, commercial, and others. The commercial vertical is expected to dominate the digital holography market, in terms of size, during the forecast period. The commercial vertical includes education, banking, hospitality, retail, and corporate. Digital holographic technology offers spectacular results with regard to visual effects when used in shows, live events, product launches, advertising, and promotions using digital signage and interactive kiosks. Retailers are focusing on the methods of differentiating themselves to attract more customers. Thus, they are adopting digital holographic displays to improve engagement with their customers by attracting them through memorable experiences. The increasing adoption of digital holographic displays in the commercial vertical for advertising and marketing is driving the said market.

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 7500 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, "Knowledgestore" 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.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
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Power Electronics Market | Renewable energy generation is one of the key revenue pockets

According to the new market research report on the "Power electronics Market with COVID-19 Impact Analysis by Device Type (Power Discrete, Power Module and Power ICs), Material (Silicon, Silicon Carbide and Gallium Carbide), Voltage (Low Voltage, Medium Voltage and High Voltage), Vertical (ICT, Consumer Electronics, Industrial, Automotive & Transportation, Aerospace & Defense), and Geography - Global Forecast to 2025", The global power electronics market size is expected to grow from USD 35.1 billion in 2020 to USD 44.2  billion by 2025, at a CAGR of 4.7%.

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APAC is expected to grow at the highest CAGR during the forecast period

APAC is likely to grow at the highest CAGR for the global power electronics industry from 2020–2025. APAC is expected to continue to hold the largest market size and expected to be the fastest-growing region in the power electronics market owing to the rapid development of consumer electronics products, which drives power IC market. Consumer electronics, industrial, and automotive are among important verticals in the APAC market

Renewable energy generation is one of the key revenue pockets for the market in APAC. Governments in multiple countries of the region are motivating the shift towards renewable energy generation, mainly photovoltaics or solar, in the form of various offers and subsidies. Fast-track adoption of electric vehicles across the region is also a prime factor driving the power electronics market growth. Various countries in APAC have set targets to increase the adoption of electric vehicles to reduce pollution levels. For instance, China raised its 2025 sales target for electrified cars; the country wants about 25% of new cars sold by 2025 to be electrified. The Japanese government has aimed to have all new cars sold in Japan to be electric or hybrid vehicles by 2050. Likewise, the Korean Government is aiming to achieve electrification of 33% of new vehicles by 2030. All these factors expected to drive the growth of the power electronics market in APAC.

Key Market Players

Infineon Technologies (Germany), ON Semiconductor (US), STMicroelectronics (Switzerland), Mitsubishi Electric (Japan), Vishay Intertechnology (US), Fuji Electric (Japan), NXP Semiconductors (Netherlands), Renesas Electronics (Japan), Texas Instruments (US), Toshiba (Japan), ABB (Switzerland), GaN Systems (Canada), Littelfuse (US), Maxim Integrated (US), Microchip (US), ROHM (Japan), SEMIKRON (Germany), Transphorm (US), UnitedSiC (US), and Wolfspeed, A Cree Company (US) are some of the key players operating in the power electronics market.

Infineon Technologies is the leading player across the semiconductor solutions market. Set up in 1999 in Munich, Germany, the company’s product offerings include power semiconductors, microcontrollers, security controllers, radio frequency products, and sensors. Infineon offers a wide range of power electronic products, such as MOSFETs, IGBTs, Linear Voltage Regulators, DC-DC converters, Diodes & Thyristors, and Intelligent power modules, which serve a wide range of applications, including switch-mode power supplies (SMPS), computing, motor control and drives, consumer, mobile devices, lighting solutions, and automobiles. . The company focuses on technology leadership by focusing on advanced products to expand its abilities and strengthen its core businesses. As a part of this, the company started conducting research studies on new materials for power semiconductors at an early stage, which led to higher adoption of SiC and GaN in power electronics products. The company is one of the early entrants in the GaN and SiC power electronics market. The company also focuses on in-house manufacturing strategy to differentiate itself from its competitors in terms of cost and performance.

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 7500 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, "Knowledgestore" 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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Which type of system is expected to be growing at the highest rate in the precision forestry market?

According to the new market research report "Precision Forestry Market by Technology (CTL, Geospatial, Fire Detection), Application (Harvesting, Silviculture & Fire Management, Inventory & Logistics), Offering (Hardware, Software, Services), and Geography - Global Forecast to 2024", published by MarketsandMarkets, the precision forestry market was worth USD 3.9 billion in 2019 and is projected to reach USD 6.1 billion by 2024, at a CAGR of 9.0% from 2019 to 2024.

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"The fire detection technology followed by CTL-based harvestors is expected to grow at the higher CAGR between 2019 and 2024. The growth of fire detection technology market can be attributed to the increasing adoption of wireless sensor network-based fire detection systems. These systems have the potential to achieve the high detection resolution and accuracy that are required for the early detection of forest fires. Increasing replacement of conventional forestry harvesting equipment with fully mechanized cut-to-length (CTL) harvesting technology is a major factor driving the growth of CTL-based harvesting technology. " .

Cut-to-Length technology expected to hold the largest market share during the forecast period

The increasing replacement of conventional forestry harvesting equipment—full length and tree length—with fully mechanized cut-to-length (CTL) harvesting technology, is the major factor driving the growth of this segment. Fully mechanized CTL-based harvesting technology has become widely accepted in the forestry industry. CTL can be used in extreme temperatures and boreal forests, particularly in Nordic countries. For instance, CTL-based harvesting technologies are used wherein 30% of the land is inclined. Further, it can also be used in plantations and peatlands. Currently, more than 90% of logging in Sweden and Finland is carried out by CTL-based harvesting technology.

Harvesting application accounted for the largest share of precision forestry market in 2018

The growth of the harvesting application segment can be attributed to the increasing adoption of CTL-based harvesting technology. Further, the growing demand for industrial round wood across the world is expected to fuel the growth of this market. Fully mechanized CTL based harvesting is being used widely by the forest industry in temperate and boreal forests, particularly in Nordic countries. Currently, more than 90% of logging in Sweden and Finland is carried out by harvester forwarder systems, popularly known as cut-to-length (CTL).

Americas expected to hold the largest share of precision forestry market during the forecast period

The Americas held the largest share of the precision forestry market in 2018. The US and Canada are the early adopters of precision forestry technologies, which is the primary reason for the large market share of this region. The presence of a large number of forests and the increasing demand for industrial round wood and its related products are the major factors driving the growth of precision forestry technology in this region. Increasing replacement of old forestry harvesters with more advanced and sophisticated CTL-based harvesters in the US and Canada is expected to create additional demand for forestry technology in this region.

The report profiles key players including Deere & Company (US), Trimble (US), Raven Industries (US), Tigercat (Canada), Ponsse (Finland), Komatsu Forest AB (Sweden), Caterpillar (US), Treemetrics (Ireland), Rottne Industri AB (Sweden), Ecolog (Sweden), Sampo Rosenlew (Finland), Quantum Spatial (US), Hitachi Construction Machinery (Japan), Doosan Infracore (South Korea), Blount International (US), Integrated Forest Management (US), Silvere (Finland), DroneSeed (US), Insight Robotics (Hong Kong), Treevia Forest Technologies (Brazil), and Aerobotics (South Africa).

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 7500 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, "Knowledgestore" 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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Silicon Battery Market and Top Applications

According to the new market research report "Silicon Battery Market by Capacity (0–3,000 mAh, 3,000–10,000 mAh, 10,000–60,000 mAh, and 60,000 mAh & Above), Application (Consumer Electronics, Automotive, Aviation, Energy, and Medical Devices), and Region - Global Forecast to 2025", is estimated to grow from USD 38 million in 2020 to reach USD 177 million by 2025 at a CAGR of 36.2%. The silicon battery industry is likely to exhibit lucrative growth potential during the forecast period.

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• Consumer Electronics – Silicon batteries are used in various applications in the consumer electronics industry such as smartphones, wearables, laptops, home devices, portable tools, and portable media players. Silicon batteries offer higher density, better durability, and more energy storage compared with li-ion batteries. Silicon anode batteries offer considerably longer lifecycle, and performance that is more consistent; therefore, these batteries are being rapidly adopted for use in laptops and tablets. Consumer electronics require power sources that have high energy and power density to run the devices smoothly. Therefore, silicon batteries are significantly demanded in the consumer electronics application.
• Automotive − The automotive industry is expected to be one of the major segments for lithium silicon batteries. The automotive segment includes battery-driven vehicles, such as battery electric vehicles, plug-in hybrid electric vehicles, and e-bikes, which are the major consumers of lithium silicon battery. EVs require batteries that can perform in extreme temperatures and have advantages such as reliability, long life, fast charging, and high energy density, which makes silicon batteries an ideal option for these vehicles. Increasing adoption and awareness of EVs, and initiatives taken by manufacturers to develop silicon anode batteries for electric vehicles are some of the factors supporting the growth of lithium silicon battery market.
• Aviation – Silicon batteries are used in various applications in the aviation industry. Silicon batteries offer ultra-high energy density and superior cycle life which enables the aircrafts, satellites, drones, and spacecraft to fly for long. Silicon batteries are an excellent option for powering commercial drones. Silicon batteries with their superior energy density are expected to replace the existing traditional lithium-ion batteries in the near future.
• Energy − Silicon anode batteries are expected to be used in the energy application in future. The high-capacity silicon batteries are used for powering industrial applications, power backup systems, energy storage systems, emergency power systems, and micro grids. Energy harvesting, when implemented by using silicon anode batteries, can make devices last longer and help efficiently power a wide range of devices.

APAC to exhibit the largest market size during the forecast period

The silicon battery market in APAC is expected to grow at the highest CAGR during the forecast period. The vast population in this region leads to an increased energy demand, which eventually increases the need for fossil fuel-based energy generation and leads to renewable energy integration creating the need for batteries. Moreover, other applications such as automotive and consumer electronics are expected to drive the demand for advanced batteries in the region. Also, APAC is the home to some of the prominent players such as Connexx Systems (Japan) and Huawei (China) that provide silicon batteries for different applications. These factors contribute to the high growth of the Silicon battery market in APAC.

Amprius Technologies (US), Enovix (US), Huawei (China), Enevate (US), Nanotek Instruments (US), Nexeon (UK), LeydenJar Technologies (The Netherlands), Targray Technology International (Canada), XG Sciences (US), California Lithium Battery (US), Sila Nanotechnologies (US), and Group14 Technologies (US), among others, are the major players operating in the silicon battery market.

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 7500 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, "Knowledgestore" 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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Geographic Information System (GIS) Market and Top End-user Industries

According to the new market research report on the "Geographic Information System Market by Offering (Hardware (GIS Collector, Total Station, LiDAR), Software, Services), Function (Mapping, Surveying, Telematics and Navigation, Location-Based Service), Industry, Region - Global Forecast to 2025", the global geographic information systems (GIS) market size is expected to grow from USD 8.1 billion in 2020 to USD 14.5 billion by 2025 at a CAGR of 12.4% from 2020 to 2025. A few key factors driving the growth of this market include the development of smart cities and urbanization, integration of geospatial technology with mainstream technologies for business intelligence, and the adoption of GIS solutions in the transportation sector.

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Geographic Information System (GIS) Market and Top End-user Industries

• Transportation − GIS is gaining traction in transportation applications such as transportation planning, highway maintenance, traffic modeling, accident analysis, and route planning. GIS helps transportation planners to store and analyze geospatial data, as well as the mapping of transportation features with a base map. GIS tools can be used in managing, planning and evaluating transportation management systems. Transportation has created an ever-increasing demand for GIS-based technologies. With the emergence of telematics and navigation applications, GIS is expected to play a vital role in the transportation sector. GIS is widely adopted in the transportation industry for applications such as highway and roadway management, real-time traffic data monitoring, railway route planning, and transportation modeling.
• Architecture, Engineering, and Construction − Architecture, engineering, and construction industry is a leading adopter industry of geospatial technologies. GIS plays an important role in the mapping and surveying of construction sites and serves as a complete platform for infrastructure development life cycle. The demand for civil infrastructure is expected to reach new levels with the increase in population, rapid urbanization, and economic expansion. The integration of GIS with computer-aided design (CAD) tools enables professionals to effectively aggregate geographic data for civil infrastructure development. GIS helps in the conversion of raster and vector data for BIM-specific applications. BIM uses the geospatial data to create an intelligent design model for civil infrastructure projects.
• Utilities − GIS-based utility mapping is used for the mapping and modeling of utility management systems. Utilities are using geospatial technologies to assist in the setup of smart grids, asset management, and identify the damage or connectivity issues in pipelines, as well as analyze underground electric wire damages. In the utility sector, GIS is widely used by electric, gas, and water and wastewater organizations for resource management. It is also used in environmental monitoring and disaster management applications. GIS is used for the mapping and monitoring of utility assets such as wastewater pipes, machinery, and others. Accurate location data is required for water and wastewater management. GIS technologies are gaining traction as these offer accurate data and are feasible to implement for utility asset management.
• Oil & Gas − Geographic information systems play an important role in the oil & gas industry. Crude oil and gas are now found in the deeper layers of the earth’s crust than before, and hence it is essential to use precise technologies such as GIS for oil and gas exploration, as well as for its appropriate utilization. In the oil & gas industry, GIS technologies such as satellite imagery and airborne remote sensing are widely used for oil and gas exploration, drilling oil wells, and pipeline management.
• Agriculture − Agricultural land mapping plays a vital role in the management of land resources. High-resolution geospatial images collected from remote sensing and land surveying technologies are used to map and analyze soil data to improve farming methods and procedures. The use of GIS helps farmers to manage their land resources efficiently. In addition, GIS technologies offer agricultural land cover mapping and the assessment of crop damage caused by natural disasters.

“APAC expected to grow at the highest rate between 2020 and 2025”

APAC is expected to be the fastest-growing GIS market during the forecast period. In this region, geospatial technologies are being utilized for rural and agricultural development over the last decade. In APAC, companies across various sectors, such as architecture, engineering & construction, mining & manufacturing, and agriculture, are using GIS technologies to identify the potential markets and using geospatial information to make strategic decisions. Surveying and mapping technologies are used widely in the APAC region. In addition, the development of smart cities in China, India, and other Southeast Asian countries has driven demand for GIS in this region.

Major players involved in the GIS software market include Autodesk Inc. (US), Bentley System, Inc. (US), Environmental Systems Research Institute, Inc. (Esri) (US), Hexagon AB (Sweden), Pitney Bowes Inc. (US), Topcon Corporation (Japan), and Trimble Inc. (US).

The other players in this market include Maxar Technologies Inc. (US), Hi-Target Surveying Instrument Co. Ltd. (China), TomTom International (Netherlands),SuperMap Software Co., Ltd (China), General Electric Co. (US), FARO Technologies, Inc. (US), L3Harris Technologies, Inc. (US), Takor Group Ltd. (Australia), Maptoss Technologies Pvt. Ltd. (India), Computer Aided Development Corporation Limited (UK), Blue Marble Geographics (US), and PASCO CORP. (Japan).

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 7500 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, "Knowledgestore" 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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What are the key industry trends in GPON Market?

The report "GPON Market by Component (OLT, and ONT), Technology (2.5G PON, XG-PON, XGS-PON, and NG-PON2), Application (FTTH, Mobile Backhaul), Vertical (Transportation, Telecom, Healthcare, Energy & Utilities, MTU), Region - Global Forecast To 2025" size is estimated to grow from USD 6.3 billion in 2020 to USD 8.3 billion by 2025, at a CAGR of 5.8%. Major factors fueling the market growth include the high demand for GPON network for triple and quad-play services, increasing demand for high-speed broadband services, advancement in GPON technology, and trial & deployment of the 5G network.

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Optical network terminal (ONT) to lead the GPON market during the forecast period

Optical network terminal (ONT), also known as optical network units (ONU), is another important networking hardware installed at the user premise, which is used for the transmission of traffic through the GPON network. Its primary function is to convert optical signals transmitted via optical fiber to electrical signals, which are forwarded to business and residential users.

The GPON market is expected to be led by ONT components in terms of volume and value during the forecast period. This, coupled with the increasing number of users availing voice, video, and data services that need to be connected through the ONT hardware component, will lead to an increase in demand for the market.

NG-PON2 technology expected to witness the fastest growth rate during the forecast period

NG-PON2 technology offers more bandwidth allocation than the current network technologies, higher split ratio, faster upstream and downstream data speed, and enhanced security. Additionally, NG-PON2 deployment for mobile backhaul and fronthaul applications in 4G and 5G network technologies is expected to provide an incremental opportunity for the GPON vendors. The telecom sector is relying on the optical fiber-based network technology for providing the 5G services, which require low latency, higher speeds, and NG-PON2 fits the billing.

Asia Pacific to be the largest market GPON during the forecast period

The GPON market in Asia Pacific has been segmented further based on the countries into China, Japan, Republic of Korea, Indonesia, Thailand, Taiwan, and Rest of Asia-Pacific. Matured GPON industry, government spending on infrastructure, and widespread deployment of next-generation GPON networks are major factors fuelling the growth of the market in this region.

Key Market Players

As of 2019, Huawei (China), Nokia (Finland), ZTE (China), FiberHome (China), DASAN Zhone (US), Calix (US), and ADTRAN (US) dominated the global GPON market.

Huawei holds the leading position in the GPON market as it has the most comprehensive array of OLT and ONT products that support GPON and 10G-PON technologies. Huawei’s GPON OLT and ONT products are the most popular GPON products in the market, primarily because of their superior quality and brand value. Huawei’s worldwide presence has enabled it to lead the global market and participate in the drafting of international standards for GPON. This, coupled with the commercial launch of XGS-PON, has enabled Huawei to gain the first-mover advantage in the 10 Gbps downlink range. Along with organic strategies, Huawei has adopted the inorganic strategy of collaboration; for instance, it collaborated with TIME dotCom jointly to build a pilot 10G-PON, aiming to provide gigabit ultra-broadband for fixed access users in Malaysia.

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 7500 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, "Knowledgestore" 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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Industrial Valves Market With COVID-19 Impact Analysis

The report "Industrial Valves Market With COVID-19 & Oil Price Crisis Impact Analysis By Function (On-off/Isolation, Control), Material, Type, Size, End-User (Oil & Gas, Energy & Power, Water & Wastewater Treatment), and Region - Global Forecast to 2025", size was valued at USD 48.1 billion in 2020 and is projected to reach USD 85.7 billion by 2025. It is expected to grow at a CAGR of 12.3% during the forecast period. Increasing demand for valves from the pharmaceuticals industry due to the outbreak of the COVID-19 pandemic, growing focus on the development of smart cities globally, rising need for connected networks to maintain and monitor industrial equipment, and surging requirement for establishing new nuclear power plants and revamping existing ones are the key driving factors for the industrial valves market.

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Plug valves to account for the largest share of the industrial valves market

Plug valves are expected to lead the industrial valves market, by type. Plug valves are similar to ball valves. The moving part of a plug valve consists of a tapered plug instead of a ball. Plug valves are mainly used on pipes carrying raw sewage, sludge, and grit. They are also used in digester gas systems. Plug valves can seal well, and they do have a tight shut-off. However, some plug valves are made with a reduced port, which means that the flow passageway through the valve is smaller than the adjoining pipe’s cross-sectional area. This leads to a higher pressure drop. In this case, full-bore plug valves are useful. Plug valves are heavy and require more space, but they are reliable and durable. In some cases, plug valves are used for throttling purposes. Eccentric plug valves are used for a wide range of flow control and isolation applications, including clean and dirty water, sewage, sludge and slurries, air, and other services.

Oil & gas accounted for the largest share of the industrial valves market in 2019

The oil & gas industry accounted for the largest share of the industrial valves market in 2019 owing to the growing transportation sector, increasing energy demand, and rising drilling activities in the Gulf Cooperation Council (GCC) countries. However, at present, the world is facing an economic crisis due to the outbreak of the COVID-19 pandemic. The onset of this epidemic has affected the oil & gas industry badly, with oil prices slashing like never before. Similarly, on the one side, major oil-producing companies are running out of space to store extracted oil, while on the other side, the oil demand has declined drastically, which has created a huge demand-supply gap. Oil & gas is one of the key industries for industrial valves, but the pandemic has adversely affected the industrial valves market in 2020 to a greater extent.

North America to account for the largest share of the industrial valves market by 2025

North America is a large consumer and a producer of natural gas, and the market in this region is dominated by the US supply and demand dynamics. The US was the world’s largest producer and consumer of natural gas in 2019. This factor, along with the shale gas boom in North America, contributed to the significant growth of the oil & gas industry in the region until 2019. However, right from the beginning of 2020, the entire world has been strongly hit by the COVID-19 pandemic, a health and an economic crisis. The US is among the most affected countries in the world. The COVID-19 pandemic has plummeted the oil demand drastically. The Energy Information Administration (EIA) reported that the global oil demand was 11.4 million b/d, lower in March 2020 than the annual average in 2019. It further forecasts the demand to be 17.1 million b/d, lower in April 2020. For the year, the EIA estimates that the demand will be 95.5 million b/d (5.2% lower than that in 2019). This is anticipated to be the largest drop since the EIA began keeping records. This drop in demand is likely to have an adverse impact on the growth of the industrial valves market in 2020.

A few of the key players in the industrial valves market are Emerson (US), Cameron – Schlumberger (US), Flowserve (US), IMI Plc. (UK), Metso (Europe), Spirax Sarco (UK), Crane Co. (US), KITZ Corporation (Japan), Trillium Flow Technologies (UK), and BRAY International (US).

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 7500 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, "Knowledgestore" 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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Mr. Aashish Mehra
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Increasing penetration of temperature sensors in advanced and portable healthcare equipment Driving the Growth of Temperature Sensor Market

The global temperature sensor market size is projected to grow from USD 6.3 billion in 2020 to USD 8.8 billion by 2027, recording a CAGR of 4.8%. The temperature sensor industry growth is driven mainly by increasing penetration of temperature sensors in advanced and portable healthcare equipment, growing demand for temperature sensors in the automotive sector, and rising adoption of home and building automation systems.
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Non-contact temperature sensor to witness a higher CAGR during the forecast period
The non-contact temperature sensor is projected to record the higher CAGR in the temperature sensor market from 2019 to 2027. Non-contact sensors measure the surface temperature of a body or an object to be identified without any physical contact between the sensor and the object. These temperature sensors are mainly used for small, moving, and inaccessible objects/sources/devices.
Digital output to hold the largest share in the temperature sensor industry during the forecast period
The temperature sensor comprises analog and digital outputs. The digital output segment is projected to hold a larger share in the temperature sensor market during the forecast period. Temperature sensors with digital output have several advantages over sensors with analog output and are especially suited for remote applications. Digital temperature sensors find use in medical, aerospace, test and measurement equipment, and industrial automation.
Food & beverages end-user industry to witness the highest CAGR during the forecast period
The food & beverage end-user industry is projected to record the highest CAGR in the temperature sensor market from 2019 to 2027. Temperature monitoring and control is required for quality assurance during production, storage, and transit. Temperature sensors are particularly used for monitoring temperature according to the stringent rules & regulations for complicated processes in the food end-user industry, such as brewing, bottling, fermentation, storage, emulsification, piping, canning, and pasteurization.
Absolute humidity sensor to hold the larger share in the humidity sensor industry during the forecast period
The humidity sensor comprises an absolute humidity sensor and a relative humidity sensor. The absolute humidity sensor segment is projected to hold a larger share in the humidity sensor market during the forecast period. Absolute humidity sensors, supported by two NTC thermistor elements, measure the absolute humidity by measuring the difference in thermal conductivity of dry air and the air containing water vapor. These humidity sensors are used for measuring humidity in HVACs, fax machines, printers, automotive, weather stations, refrigerators, and food processing units.
Expanding automobile & industrial manufacturing sector to drive the demand for temperature sensors in APAC during the forecast period
The temperature sensor market in APAC is projected to grow at the highest CAGR during the forecast period. China, India, South Korea, and Japan are the major contributors to the growth of the temperature sensor industry in APAC.
Expanding automobile and industrial manufacturing, in particular, is generating massive demand for temperature sensors. Also, robust demand for consumer equipment, including portable healthcare electronics and white goods, is expected to foster the demand for temperature sensors. Furthermore, the increasing adoption of automated technologies across diverse industries, especially in automotive and food & beverages, is likely to generate demand for temperature sensors in APAC. Other factors driving the temperature sensor market in APAC include escalating demand for temperature sensors from the overseas markets of North America and Europe.
Key players operating in the temperature sensor market include Honeywell (US), TE Connectivity (Switzerland), Texas Instruments (US), Endress+Hauser (Switzerland), Siemens (Germany), Texas Instruments (US), Dwyer Instruments (US), Maxim Integrated (US), WIKA Instrument (Germany), Amphenol (US), and Emerson (US). The majority of the companies focus on organic and inorganic growth strategies such as product launches and developments, mergers and acquisitions, agreements, contracts, partnerships, collaborations, and expansions to increase their revenue.
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