Consumer Electronics and Automotive are Top Applications of Silicon Battery Market

 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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Silicon Battery Market and Top Applications

• 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.

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Laser Processing Market: What are the upcoming trends?

 According to the new research report "Laser Processing Market with COVID-19 Impact analysis by Laser Type (Solid Lasers, Liquid Lasers, Gas Lasers), Configuration (Fixed Beam, Moving Beam, Hybrid), Revenue (System Revenue, Laser Revenue), Application, End-user Industry, and Region - Global Forecast to 2025", the global laser processing market size is projected to grow from USD 4.0 billion in 2020 to USD 5.8 billion by 2025; it is projected to record a CAGR of 7.8% during the forecast period. The laser processing industry’s growth is driven mainly by the growing preference of end-user industries for laser-based material processing over traditional approaches, increasing demand for high-quality and genuine end-products, rising demand for miniaturization of microelectronic devices, and surging technological advancements in the medical sector.

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Solid lasers to witness highest CAGR during forecast period

The solid lasers segment is projected to record the highest CAGR in the laser processing market from 2020 to 2025. Solid lasers prevent the wastage of materials in the active medium and produce both continuous and pulsed output with high efficiency. These lasers have numerous applications, such as drilling holes in metals, endoscopy in medical, and targeting in military.

Laser revenue to witness higher CAGR during forecast period

The laser revenue segment is projected to record a higher CAGR in the laser processing market from 2020 to 2025. Laser revenue covers the revenue generated from the sales of several types of lasers, such as YAG laser, semiconductor laser, thin-disk laser, ruby laser, fiber laser, X-ray laser, dye laser, excimer laser, argon laser, chemical laser, and helium-neon laser, for processing applications.

Moving beam configuration to witness highest CAGR during forecast period

The moving beam configuration segment is projected to record the highest CAGR in the laser processing market from 2020 to 2025. In laser machines with moving beam configuration, the cutting head with the laser beam moves over the material in both X and Y axes. This eradicates the need for continuous material clamping as the dynamics are not affected by the variable workpiece size. These machines are ideal for the cutting of thin workpieces as they are fast.

Advanced processing application to witness highest CAGR during forecast period

The advanced processing application is projected to record the highest CAGR in the laser processing market from 2020 to 2025. Lasers have witnessed new application opportunities in the field of additive manufacturing, such as cladding and 3D printing. Particularly, CO2 and fiber lasers have seen an increased level of adoption in the additive manufacturing sector, owing to which many companies are focusing on additive manufacturing.

Architecture end-user industry to witness highest CAGR during forecast period

The architecture end-user industry is projected to record the highest CAGR in the laser processing market from 2020 to 2025. Lasers help architects in creating precise models of buildings. These models are capable of accurately representing the design prior to construction, so that the necessary changes can be made to remove flaws or avoid the effect of climatic conditions, such as rain, heavy storms, and other unavoidable natural circumstances.

Laser processing market in APAC is projected to grow at highest CAGR during forecast period

The laser processing market in APAC is projected to grow at the highest CAGR during the forecast period. The major countries contributing to the market in APAC include China, Japan, South Korea, and India. APAC has been ahead in terms of the adoption of laser processing solutions as compared with other regions. High population density, rise in R&D investments in technologies, and growth of the manufacturing and electronics sectors are expected to drive the growth of the laser processing market in the region

Key players operating in the laser processing market include Coherent (US), Trumpf (Germany), Han’s Laser (China), IPG Photonics (US), Jenoptik (Germany), Lumentum (US), Gravotech (France), LaserStar (US), Lumibird (France), and Epilog Laser (US). Most of these companies focus on organic and inorganic growth strategies, such as product launches & developments, mergers & acquisitions, agreements, contracts, partnerships, collaborations, and expansions, to increase their revenue.

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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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Industrial Sensors Market Top Companies, CAGR, Revenue and Market Share Outlook 2020-2025

 The report "Industrial Sensors Market with Covid-19 impact by Sensor (Level Sensor, Image Sensor, Gas Sensor, Pressure Sensor, Position Sensor, Temperature and Humidity & Moisture Sensor), Type, End-use industry, and Geography - Global Forecast to 2025", size is expected to grow from USD 18.2 billion in 2020 to USD 29.0 billion by 2025, at a CAGR of 9.8%. Growing popularity of industrial 4.0 and IoT and increasing demand of industrial robotics are the key factors driving the growth of the Industrial Sensors market.

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Market level sensors to dominate in 2020

The market for level sensors accounted for the largest size in 2019. A level sensor is used to detect and measure the level of liquids, bulk solids, and other fluids. The level measurement is either continuous or in the form of point values. The need for level sensor arises due to various factors, such as the need for accuracy, appearance, response rate; ease of calibration of instruments; size of the instrument; monitoring and/or controlling of continuous or point level.

Contact type to dominate Industrial Sensors market, in 2020

The market for contact type sensors is estimated to account for a larger share of the overall Industrial Sensors market, in 2019. Contact level sensors involve physical contact between the device (comprising contact type industrial sensor) and media. The technologies used in contact type level sensors are magnetoresistive, vibratory probe, hydrostatic, magnetic and mechanical float, pneumatic, rotating paddle, resistive chain, and weight and chain. Some of the most common types of contact type sensors are temperature sensors, pressure sensors, force sensors, flow sensors, etc.

APAC to hold largest share of Industrial Sensors market in 2019

In terms of value, APAC  led the Industrial Sensors  market in 2019, accounting for the largest share of the overall Industrial Sensors market, by region. As China is among the major industrial areas in the world, the industrial sensors market in APAC is expected to record the largest market share by 2025. Key countries for the industrial sensors market in APAC are China and Japan. APAC has vast opportunities for revenue generation from the industrial sector in the coming years.

Rockwell Automation (US), Honeywell (US), Texas Instruments (US), Siemens (Germany), Bosch Sensortec (US), Panasonic (Japan), STMicroelectronics (Switzerland), First Sensor (Germany), Amphenol Corporation (US), Integrated Device Technology (US), TE Connectivity (Switzerland), Omega Engineering (US), Sensirion (Switzerland), Ams AG (Austria), Microchip (US), NXP Semiconductors (Netherlands), Teledyne Technologies Incorporated (US), Figaro Engineering inc (Japan), and Safran Colibrys SA (Switzerland)   are a few major companies dominating the industrial sensors  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 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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Non-volatile Memory Express (NVMe) Market: Healthcare vertical to grow at highest CAGR

 The report "Non-volatile Memory Express (NVMe) Market by Product (SSDs, Servers, All-flash Arrays, Adapters), Deployment Location (On-premise, Remote, Hybrid), Communication Standard (Ethernet, Fibre Channel, InfiniBand), Vertical, and Region - Global Forecast to 2025", is projected to grow from USD 44.6 billion in 2020 to USD 163.5 billion by 2025; it is expected to grow at a CAGR of 29.7% from 2020 to 2025. The major factors driving the growth of the market include the increasing adoption of NVMe technologies in SSDs, servers, and storage appliances; exponential rise in data generation and evolving demand for data storage and processing infrastructure; and significant performance advancements offered by NVMe. 

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Healthcare vertical of NVMe market to grow at highest CAGR during forecast period

The need for NVMe-based data storage and solutions in the healthcare vertical is mostly due to the improvements in data analytics, adoption of wearable technology for health monitoring, and scientific research. Researchers in the healthcare industry need to analyze huge amounts of data. Storing, managing, and accessing a large amount of information requires high-speed data storage solutions. Similarly, data from patient records, including emails, back office, and tracking records, among others, require reliable, high-capacity data storage. NVMe-based storage, especially all-flash arrays, is expected to be adopted at a high rate because of their benefits such as enhanced performance with increased IOPS and low latency. The reduction in the average selling price of NVMe-based all-flash arrays is also driving its adoption.

NVMe market in RoW projected to grow at highest CAGR from 2020 to 2025

The growth of the NVMe industry in Middle East & Africa is attributed to the increased investments by telecom operators and financial institutions in advanced storage solutions. The energy sector in the Middle East is growing at a steady pace, and the players in the sector have significant growth opportunities in this region. This region is one of the largest producers of oil and gas. The oil & gas sector requires advanced data computing, processing, and storage solutions to analyze a large amount of seismic data. This has led to an increased demand for advanced data storage solutions. Increased expenditure on IT infrastructure is also driving the growth of the NVMe market in RoW. The increase in demand for smart devices as a result of the introduction of IoT, along with massive development in social media channels, has raised the need for storage in this region.

Samsung Electronics Co., Ltd. (Samsung) (South Korea), Western Digital Corporation (Western Digital) (US), Intel Corporation (Intel) (US), Dell EMC (US), Hewlett Packard Enterprise (HPE) (US), Broadcom Inc. (Broadcom) (US), Micron Technology, Inc. (Micron Technology) (US), Cisco Systems, Inc. (Cisco) (US), Toshiba Corporation (Toshiba) (Japan), and NetApp, Inc. (NetApp) (US) are the prominent players in the NVMe 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 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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What is the anticipated CAGR for the battery technology market?

 The global battery technology market is expected to grow from USD 92.0 billion in 2020 to USD 152.3 billion by 2025, at a CAGR of 10.6%. The market growth is propelled by the growing use of electric and hybrid electric vehicles, rising adoption of battery technology in the renewable energy industry, surging demand for automation and battery-operated material-handling equipment in industries, increasing deployment of batteries in the utilities sector.

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“Lithium-Ion battery to lead battery technology market by 2025.”

The growing use of PHEVs is likely to drive the Li-ion battery market during the forecast period. Li-ion batteries are used in a wide range of portable devices and industrial applications. Furthermore, Li-ion battery technology increases efficiency and improves device customizability. Moreover, continuous development in the consumer electronics sector has boosted the growth of the Li-ion battery market.

“Transportation to hold the largest share of the battery technology market during the forecast period.”

The increase in the production of electric vehicles and the subsequent demand for lithium-ion batteries is driving the battery technology market in transportation. Electric vehicles are perceived as the future of the automobile industry and transportation system. More automobile companies are involved in the development of new and improved EVs. The rise in demand for electric vehicles and hybrid electric vehicles will consequently raise the demand for batteries.

“Asia Pacific to hold the largest market share for battery technology during the forecast period.”

The adoption of battery technology is high in APAC as the region mainly comprises developing economies such as China and India, which have a huge potential for many application areas within the battery technology market. Moreover, recent infrastructure developments and industrialization activities in emerging nations have opened new avenues and opportunities for the battery technology market in APAC. Further,  the increase in the production of electric vehicles and batteries used in vehicles is driving the battery technology market in the APAC.

Major players in the battery technology market are Clarios (US), Panasonic Corporation (Japan), Samsung SDI (South Korea), Chaowei Power (China), Contemporary Amperex Technology (China), Enersys (US), LG Chem (South Korea), BYD Company (China), and Hitachi Chemical (Japan).

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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 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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battery energy storage system market: what will be the impact of covid-19?

 According to the new market research report "Battery Energy Storage System Market with COVID-19 Impact by Element (Battery, Others), Battery Type (Lithium-Ion, Flow Batteries), Connection Type (On-Grid And Off-Grid), Ownership, Energy Capacity, Application, and Geography - Global Forecast to 2025", the battery energy storage system market is projected to grow from USD 2.9 billion in 2020 to USD 12.1 billion by 2025; it is expected to grow at a CAGR of 32.8% from 2020 to 2025. The growth of this market is expected to be driven by the prevailing trend of adopting low-carbon and less fossil fuel-based economy and ongoing renewable energy revolution, surging requirement of continuous power supply from critical infrastructures in wake of COVID-19, growing adoption of lithium-ion batteries in renewable energy sector owing to their low costs and improved performance, and increasing demand for grid energy storage systems. These factors have helped the battery energy storage system market gain traction in applications, such as utilities, residential, and commercial.

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COVID-19 impact on the battery energy storage system market

The battery energy storage system market has historically been subjected to significant growth due to the rise in demand for battery energy storage systems in the utility sector. However, the outbreak of the COVID-19 pandemic has resulted in a decline in the growth rate.

As a result of COVID-19, the expected growth of several application segments of the battery energy storage system market is expected to decline as it is restricting the supply of batteries and other components and the adoption due to severe disruptions in businesses and the global economy. The current situation has impacted the supply chain of the energy industry, particularly renewable energy technologies and battery energy storage systems. The key components of battery energy storage systems are mainly manufactured in Asia Pacific. The COVID-19 situation has exposed the overdependency on the region for key raw materials, especially China. The business of the energy storage system manufacturers in the US, Germany, and Australia has been adversely affected by the shutdown of operations in China and other Asia Pacific countries. It has also resulted in limited production leading to a serious decline in business inputs. The recovery depends on government assistance as well as the level of corporate debt and how the companies and markets cope with the low demand. The current demand for utility-owned energy storage systems is largely affected by the COVID-19 pandemic. Most of the projects in China, the US, Germany, and South Korea are operational and are used for integrating renewable energy power generation and grid balancing operations. However, some of the companies are facing short-term operational issues due to the limited availability of workforce. In addition, the per capita income of individuals has also been affected due to the pandemic, which has consequently declined the demand for residential battery energy storage systems. However, in countries such as India, where power cut is a major issue, battery energy storage systems have been used as a backup energy source during power shortage. However, there is no major surge in demand.

It is expected that the demand would increase in the coming years, and the market would recover by 2022. The deployment of battery energy storage in upcoming projects in the utility sector will support the recovery of the market. After the recovery phase, the market is expected to grow at a moderate rate until 2025.

Market Dynamics

Driver: Increasing demand for grid energy storage systems owing to ongoing grid modernization

Solar and wind energy are the most prominent types of renewable energy that are stored in grids. However, concealing of the sun by clouds or fluctuating wind currents lead to variations in the process of energy generation. Such fluctuations create the requirement of flexible grid systems used to store energy. Battery energy storage systems help grid operators to save electricity when the electricity generated exceeds the electricity demand. The adoption of these systems improves the reliability and flexibility of electricity supply systems with respect to generation, transmission, and distribution of electric power. During transmission and distribution of electricity, battery energy storage systems can handle asset deferral, ensure frequency regulation, carry out harmonic suppression, offer voltage support, and ensure power quality. Electric energy time shifting, baseload leveling and peak shaving, renewable energy time shifting, and renewable capacity firming are other benefits offered by battery energy storage systems for grid-connected solutions. All these factors drive the adoption of these battery energy storage systems, thereby fueling the growth of the market.

Siemens offers SIESTORAGE, an intelligent grid solution capable of overcoming the challenges in power supply in terms of the optimization of grid connections, flexibility of energy for modern grids, and support to large energy consumers. Broad Reach Power (US), an independent power generator, is planning to develop 15 small-scale battery storage plant sites in areas near Houston and Odessa in Texas (US) in 2020 and 2 large systems by 2021. Each site is expected to contain battery systems capable of storing and distributing up to 10 megawatts of power. While a number of parts of the US are facing economic challenges resulting from the spread of the COVID-19, Texas is uniquely poised for continued industrial growth in near future. The small systems developed by the company are expected to provide energy stabilization services, such as mitigating the impact of price spikes and dips that expose generators, utilities, and retail electric providers to uncertainty in the supply-demand matching that occurs in power grids.

The demand for battery energy storage systems goes hand-in-hand with grid modernization efforts, including the transition from traditional systems to new technologies such as smart grids. Batteries help unlock the full potential of smart technologies. In January 2019, a smart grid-based hybrid wind-solar project was initiated in Dubai (UAE) by the Korean Electric Power Corporation (KEPCO). This project is expected to incorporate a 500 kWh lithium-ion battery storage system, equipped with 2,000 IoT-connected sensors and smart meters.

Restraint: High capital expenditure required for installation of battery energy storage systems

Battery energy storage technologies, including lithium-ion batteries, flow batteries, and lead-acid batteries, require increased installation investments owing to high-energy density and improved performance offered by them. Lithium-ion batteries are costly as they offer high energy density, have a low rate of self-discharge, and require less maintenance. However, in future, costs of lithium-ion batteries are expected to decline. These batteries are also used in electric vehicles (EVs) as they are lightweight and compact, as well as have a large capacity.

Costs of battery energy storage systems depend on the type and the number of batteries used in them. They also vary according to the intended application (residential, commercial, and utilities) of these systems. The integration of different batteries (in the form of packs, modules, and racks), inverters, battery management systems (BMS), and wiring in battery energy storage systems results in their increased costs. During the installation of battery energy storage systems, the required capital cost is dependent on the footprint and space requirements (energy and power density) of storage systems; components (batteries, power conversion systems, and BMS) used in them; and facility infrastructures (communications and control, environmental control, and grid interconnection) wherein they are deployed. Moreover, the total operating cost of battery energy storage systems is a combination of a number of factors, including costs of charging batteries, labor associated with their installation; maintenance of plants wherein they are installed; replacement and repair costs of these systems; and costs for their decommissioning and disposal. Thus, the installation of battery energy storage systems in a plant or any required place needs high capital investments that act as a restraint for the growth of the market.

APAC accounts for the largest market size during the forecast period

APAC held the largest battery energy storage system market share in 2019, followed by North America and Europe. The market in APAC mainly comprises developing economies, such as China and India, which have tremendous potential for installation of energy storage projects due to increasing renewable energy integration. APAC is expected to witness plans for electrification in remote areas, which are majorly off-grid in several countries. The use of residential energy storage technology will enable to increase access to electricity for these remote and island communities in the region. The battery energy storage system market in APAC is highly competitive with the presence of established players. These players are continually upgrading their product portfolio with the launch of technologically advanced energy storage products.

Some of the major battery energy storage system manufacturers based in Asia Pacific are Samsung SDI (South Korea), LG Chem (South Korea), Hitachi (Japan), Panasonic (Japan), and NEC Corporation (Japan).

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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 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 are the Major Companies in the 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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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.

GPON solutions provided by Nokia include high-capacity PONs for cable operators, fixed networks for mobile transport, universal next-generation PONs, passive optical LAN, and ONT Easy Start. Nokia is considered to have the highest brand value in the market, primarily because of its strong presence in the networking market. Moreover, the acquisition of Alcatel-Lucent has helped its technological innovation in GPON. This is expected to be a key factor driving the growth of this company. Nokia is the second-largest player in the GPON market. It is further cementing its position in the market by entering into agreements to test its GPON products.

Other companies involved in the GPON market are ZTE (China), FiberHome (China), DASAN Zhone (US), Calix (US), ADTRAN (US), CISCO (US), NEC (Japan), Allied Telesis (Japan), Iskratel (Slovenia), Unizyx (China), and Alphion (US)

“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 the ONT component in terms of volume and value during the forecast period. This, coupled with an increasing number of users availing voice, video & data services that need to be connected through the ONT hardware component, will lead to a growth of the GPON sector.

“The GPON market for the mobile backhaul application expected to grow at the highest CAGR during the forecast period.”

Among the optical fiber technologies available for mobile backhaul, GPON networks are increasingly being deployed because of its capability to allow telecom operators to increase their bandwidth capacity and maintaining the quality of service and high reliability while lowering the operational cost. Additional benefits offered by the GPON network for mobile backhaul application includes the efficient topology, minimal hardware requirement, scalability, redundancy, and synergy using the existing fixed-line access. The increasing adoption of GPON networks for mobile backhauling makes the economies of GPON more attractive to network operators.

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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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Power Electronics Market: Global Industry Analysis and covid-19 impact Analysis

 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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Power modules market to grow at highest CAGR during the forecast period

High power efficiency requirements from various applications drive the demand for power modules. Government initiatives to increase the adoption of EV/HEV, rising electrification in the automotive industry, inclined trends of clean energy generation (renewable energy generation), increasing number of charging stations, increasing industrialization, growing adoption of intelligent modules in consumer appliances, and industrial automation & Industry 4.0 are the major factors driving the growth of the modules segment. Modules are used in various applications, such as motor control and drives; hybrid-electric solutions for construction, commercial, and agricultural vehicles; solutions for solar energy systems; uninterruptible power supply (UPS); room air conditioners; high frequency & switching applications; dc/dc converters; auxiliary inverters; hybrid electrical vehicles; and inductive heating & welding.

The Automotive & Transportation vertical to grow at highest CAGR during the forecast period

The automotive vertical is expected to dominate this market in the coming years owing to the increasing focus on hybrid electric vehicles (HEVs) and EVs and increasing demand for cars and other passenger vehicles in developing regions. Also, increasing concerns regarding environmental pollution and sustainable growth have increased government support in several countries to boost the production of electric vehicles, supported by incentives. This is expected to develop and expand the charging infrastructure and provide opportunities for the market. China is one of the largest markets for electric vehicles, and it has scaled up the production by implementing new policies and subsidies aimed at automobiles, particularly new energy vehicles. In May 2020, the government announced the extension of NEV subsidies and tax policies by about 2 years, along with high capital investment for battery charging infrastructure by about USD 38 million. Such efforts are expected to boost the automobile market of the country and drive the market for power electronics.

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.

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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 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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Quantum Dot Market: lighting product to grow at the highest CAGR from 2020 to 2025

 According to a recently published research report "Quantum Dot Market by Product (Display, Medical Devices, Solar Cells, Photodetector/ Sensors, Lasers, Lighting (LED), Batteries and Energy Storage, and Transistors), Material (Cadmium-Based, Cadmium-Free), Vertical, and Region - Global Forecast to 2025", The global quantum dot market size is expected to grow from USD 3.5 billion in 2020 to USD 10.6 billion by 2025, at a CAGR of 24.6%. Increasing demand for quantum dot in display devices and advanced features of quantum dot are creating scope for the quantum dot industry.

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“Market for lighting product to grow at the highest CAGR from 2020 to 2025.”

The introduction of quantum dot into lighting design marks vital steps forward in reducing the cost of LED production and making them more affordable. Compared to rare-earth phosphors, quantum dot achieve a better level of optimization. Quantum dot help to minimize the compromises needed to achieve a higher quality of lighting while maintaining an adequate level of efficiency. Being cost-effective, high brightness, and more efficient, as well as more stable devices made of environmentally sustainable materials, are the most important factors that led to the development of the quantum dot lighting products. Quantum dot technology is a novel innovation to modernize the lighting industry. As a result, the lighting product is expected to grow at a higher CAGR during the forecast period.

“Cadmium-Free material to dominate the quantum dot market during the forecast period.”

Cadmium-free quantum dot offer a safer and more sustainable option for manufacturers and consumers, giving them the color benefit associated with the technology without the risks associated with toxicity or potential regulatory limitations. Cadmium-free quantum dot also open up potential not just for displays, but for many more applications that include lighting solutions, solar cells, and biomedicine. Moreover, a majority of quantum dot manufacturers are switching from toxic cadmium-based quantum dot devices to cadmium-free quantum dot devices

“APAC quantum dot market to grow at highest CAGR during the forecast period.”

The adoption of quantum dot products in lighting, automotive, consumer electronics applications drives the quantum dot industry growth. As of now, quantum dot are in a pre-commercialization stage; however, in the coming years, the quantum dot will be deployed in mobile displays, batteries and energy storage systems, solar cells, medical devices, and solid-state lighting solutions. Therefore, APAC is expected to command the quantum dot market in the near future.

Key players in the quantum dot industry include Samsung Electronics (South Korea), Nanosys (US), Nanoco Group (UK), NN-Labs (US), Ocean NanoTech (US), Quantum Materials (US), OSRAM Licht (Germany), Avantama (Switzerland), Navillum Nanotechnologies (US), Crystalplex Corporation (US), RANOVUS (Canada), Innolume (Germany), QUANTUM SOLUTIONS (Saudi Arabia), NanoPhotonica (US), UbiQD (Mexico), Fraunhofer IAP (Germany), TCL (China), VIZIO (US), Hisense (US), and QD Lasers (Japan)

Don’t miss out on business opportunities in Quantum Dot Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

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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 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:
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Top Companies in Clean-in-Place Market

 MarketsandMarkets: According to the new research report, the "Clean-in-Place Market by System Type (Single-Use and Reuse CIP Systems), Offering (Single-Tank Systems; Two-Tank Systems; Multi-Tank Systems), End-User Industry (Food; Dairy; Pharmaceuticals), and Geography - Global Forecast to 2023", is expected to grow from USD 7.5 billion in 2018 to USD 15.4 billion by 2023, at a CAGR of 15.49%. The growth of this market is mainly driven by several factors, such as advantages of CIP systems in various applications, increased use of CIP systems in the pharma industry, and high demand for processed and convenience food and dairy products, as well as for beverages.  

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Clean-in-place market in APAC is expected to grow at highest CAGR

The clean-in-place market in APAC is expected to grow at the highest CAGR during the forecast period. APAC is expected to provide ample opportunities to the players in the clean-in-place market during the forecast period due to the influx of global players, along with the emergence of native players in this region. Increasing stringent regulations pertaining to the production and processing of food, dairy, and pharma products in countries such as China and India boost the demand for CIP systems. Also, ever-growing population and increasing disposable income in APAC countries have led to the increase in the demand for processed food, dairy products, beverages, and pharma products, which, in turn, has propelled the growth of the CIP market in this region.

Key Market Players

Tetra Pak International (Switzerland), GEA Group (Germany), Sani-Matic (US), Alfa Laval (Sweden), SPX FLOW (US), Krones AG (Germany), KHS GmbH (Germany), Melegari Manghi (Italy), Centec GmbH (Germany), and Millitec Food Systems (UK) are among a few major players in the clean-in-place market. These players are increasingly undertaking acquisitions and product launches to develop and introduce new technologies and products in the market.

Reuse CIP systems to hold largest share of clean-in-place market by 2023

Reuse CIP systems accounted for the largest share of the clean-in-place market in 2018, and the market for reuse CIP systems is expected to grow at a higher CAGR from 2018 to 2023. Unlike the single-use CIP system where water and cleaningsolutions are used only once before disposal, the reuse system recirculates cleaning detergents and water from a previous cycle to be reused in the following cycle’s pre-rinse step. Thus, in the re-use CIP system, the cleaning solution is introduced to the plant to be cleaned and recirculated as required until the cleaning cycle is complete, thereby saving ownership cost and reducing wastage.

Clean-in-place market for food industry to grow at highest CAGR from 2018 to 2023

CIP systems play an important role in the food industry because it is very important to maintain hygiene and keep machinery and equipment bacteriologically clean. The equipment used in the food & beverages industry such as process piping, and vessels require frequent cleaning to remove residue from previous batches and sanitize both process piping and vessels to meet the hygiene requirements. The food standards in American and European countries are very strict, thereby helping the CIP market to grow in the regions.

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
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Lithium-Ion Battery Market Size And Analysis By Leading Manufacturers With Its Application And Types 2020

 According to the new market research report "Lithium-Ion Battery Market by Type (Li-NMC, LFP, LCO, LTO), Power Capacity (0-3,000 mAh, 3,000 mAh-10,000 mAh, 10,000 mAh-60,000 mAh, above 60,000 mAh), Industry (Consumer Electronics, Automotive, Industrial), Voltage, Region – Global Forecast to 2025", is estimated to grow from USD 44.2 billion in 2020 to reach USD 94.4 billion by 2025 at a CAGR of 16.4%. The lithium-ion battery industry is likely to exhibit lucrative growth potential during the forecast period. Factors such as increasing demand for plug-in vehicles, growing need for automation & battery-operated material-handling equipment in industries, increasing demand for smart devices and other industrial goods, and high requirement of lithium-ion batteries for various industrial applications are driving the growth of the lithium-ion battery market.

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Lithium-Ion Battery Market and Top Companies

• BYD Company (China) −The Company was established in 1995 and is headquartered in Shenzhen, China. BYD Company has three business segments: automobiles and related products, handset components and assembly services, and rechargeable batteries and photovoltaic business. BYD’s rechargeable batteries mainly include lithium-ion batteries and nickel batteries, which are widely used in portable electronic devices, including handsets, digital cameras, power tools, and electrical toys. The company also focuses on research and development activities to develop batteries for automobiles, especially for electric vehicles.
• LG Chem (South Korea) − LG Chem, Ltd. is a subsidiary company of LG Corporation, which was founded in January 1947 and headquartered in Seoul, South Korea. LG Chem is involved in the basic materials & chemicals business, IT & electronics materials, energy solutions, and advanced materials business. The company manufactures and supplies various chemicals, displays, and battery materials for industrial, commercial, and consumer use. LG Chem is a leading provider of energy solutions to the global battery market.
• Panasonic Corporation (Japan) − Panasonic Corporation is a manufacturer of electronics and electrical products. The company operates through four segments: appliances, automotive and industrial systems, eco-solutions, and connected solutions. These segments deliver products and services in consumer electronics, housing, automotive, and business-to-business domains. The automotive and industrial systems segment develops, manufactures, sells, and provides product and services for car-use-multimedia-related equipment, electrical components, lithium-ion batteries, along with other products. In FY 2018, the company’s lithium-ion battery plant commenced operation inside Tesla’s Gigafactory in the US. The company’s plant produces high performance cylindrical 2170 cell used in Tesla’s new model 3 electric vehicles and energy storage system.
• Samsung SDI (South Korea) − Samsung SDI engages in the manufacture and sale of secondary cells and plasma display panels. The company started its secondary Li-ion battery business in 2000; since then, Li-ion battery manufacturing has become Samsung SDI’s core business. The company’s wide product portfolio comprises small-sized lithium-ion batteries, automotive batteries & energy storage systems, chemicals, and electronic materials. It operates in two business segments: Display segment and Energy segment. The Energy segment is engaged in the manufacture of batteries. . It has a strong presence in Asia, the US, and Europe.
• BAK Group (China) – BAK Group was founded in 2001 and is headquartered in Shenzhen, Guangdong, China. The company operates in three major segments: lithium battery, electric vehicle, and batteries recycle. It is engaged in R&D, production, and sales of electric vehicles and lithium batteries. BAK Group operates through Shenzhen BAK Battery Co., Ltd. The core business of BAK is lithium batteries. BAK has over 10 years of experience in lithium battery production, with 1,000+ technical patents in its portfolio, and its own manufacturing technology.
• Hitachi (Japan) – Founded in 1910 and headquartered in Tokyo, Japan, Hitachi designs, manufactures, and sells electrical equipment and electronic systems. One of the largest conglomerates in the world, it has diversified operations in electronic systems and equipment, telecommunication equipment, construction machinery, information systems, and power plants. Hitachi Automotive Systems, Ltd. (Japan), a subsidiary, is engaged in the production and manufacture of lithium-ion batteries for hybrid electric vehicles (HEVs), fuel cell electric vehicles (FCEVs), hybrid electric small-sized trucks, buses, and hybrid railway motorcars.
• Johnson Controls (Ireland) – Johnson Controls is engaged in providing products, services, and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries & advanced batteries for hybrid and electric vehicles; and interior systems for automobiles. It has two business segments: building technologies and solutions and power solutions. The power solutions segment is responsible for the manufacture and sale of automotive batteries, including lead-acid batteries and lithium-ion batteries for utility vehicles, electric vehicles, hybrid vehicles, cars, and trucks. It sells batteries under the Optima, Varta, LTH, and Heliar brand names.
• Toshiba Corporation (Japan) – Toshiba Corporation is one of the leading players in the field of electronic products and home appliances. It operates under five major segments: energy and infrastructure, community solutions, electronic devices and components, lifestyle products and services, and others. The company offers the SCiB rechargeable battery made of lithium titanium oxide (LTO), which is used for automotive, industrial, and infrastructure applications. Toshiba has R&D centers across Japan, Europe, the US, India, and China.

Lithium-Ion Battery Market and Top Applications

• Consumer Electronics – Continuous technological developments in consumer electronics have boosted the growth of lithium-ion battery market. Li-ion batteries are in high demand for the consumer electronics application because they offer higher density, better durability, offers less recharge time, and more energy storage than other batteries. Lithium-ion batteries are a state-of-the-art power source for all modern consumer electronic devices. Being environment-friendly, lithium-ion batteries are widely accepted by electronics manufacturers.
• Automotive − The automotive industry is expected to be one of the major segments for lithium-ion batteries. Battery-driven vehicles such as electric vehicles, e-bikes, and automated guided vehicles, are major consumers of lithium-ion batteries. The market for these vehicles is expected to grow due to increasing adoption and awareness of EVs, partly driven by the adoption of various environmental norms and emission regulations. This has resulted in an increase in the demand for Li-ion and Ni-Mh batteries.
• Industrial – Lithium-ion batteries are used in various industrial applications. These batteries provide advantages in terms of carbon emissions and safety in underground environments. Batteries with high energy density and longer backup are required to improve the efficiency and performance of industrial equipment. Rapid infrastructural growth and support from governments and industry associations for the adoption of lithium-ion batteries are boosting the demand for construction and mining equipment, which is further leading to the growth of lithium-ion batteries in the industrial sector.
• Power − The power industry is working on generating renewable energy and storing it for multiple uses. Attributes such as low cost, less space required for installation, and low self-discharge rate are some of the driving factors for the adoption of lithium-ion batteries in smart grid and renewable energy storage systems. The lithium-ion battery technology is being used in power plants to achieve maximum efficiency. These batteries are more resistive to extreme temperature situations, making them suitable for use in remote locations and for thermal management options.

APAC held the largest size of the lithium-ion battery market during the forecast period

APAC held the largest size of the lithium-ion battery industry in 2018. APAC is home to a large number of semiconductor and electronics companies and the increasing trend to implement high power battery, and safety with low energy wastage are expected to open up new market opportunities for lithium-ion battery in APAC. China and India are the fastest-growing economies in the world.

Demand for lithium-ion batteries is very high in Asia Pacific owing to the ever-increasing population and its need for consumer electronics. The market in China is expected to grow mainly because of the huge number of lithium-ion battery manufacturing companies in China and Japan. A major share of lithium-ion batteries is manufactured in APAC—specifically in China, Japan, and South Korea.

Key players operating in the lithium-ion battery market include BYD Company (China), LG Chem (South Korea), Panasonic (Japan), Samsung SDI (South Korea), BAK Group (China), GS Yuasa Corporation (Japan), Hitachi (Japan), Johnson Controls (Ireland), Toshiba (Japan), Lithium Werks (The Netherlands), CALB (China), Saft Groupe, (France), VARTA Storage (Germany), Farasis Energy (California), and Sila Nanotechnologies (California).

Don’t miss out on business opportunities in Lithium-Ion Battery Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

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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 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
Northbrook, IL 60062
USA : 1-888-600-6441

Diameter Signaling Market: Key Insights on COVID-19 Impact

 According to the new market research report, "Diameter Signaling Market with CoVID-19 Impact by Offering (Hardware, Software & Solutions), Hardware Type (Process Systems, Analysis Systems), Connectivity Technology (3G, 4G, 5G), Applications, Standard Protocol and Region - Global Forecast to 2025" The diameter signaling market valued USD 1.1 billion in 2020 and is projected to reach USD 1.6 billion by 2025; expected to grow at a CAGR of 7.1% from 2020 and 2025. The factors that are driving the growth of the market includes increase in mobile data traffic due to rapid proliferation of smart connected devices, escalated need for Diameter signaling with emergence of new uses cases of LTE networks.

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COVID-19 Impact on the Global Diameter signaling Market

Despite being hit by the COVID-19, the companies operating in the market were able to generate increased revenue in the Q1 of 2020. Huawei, one of the key players in the Diameter signaling market, reported consolidated sales of CNY 182 billion, a growth of 1.4% YoY. Social distancing has increased the bandwidth as the population is switching toward e-learning, work from home, and e-commerce options for daily necessities.

Market Dynamics

Driver: Increase in mobile data traffic due to rapid proliferation of smart connected devices

Mass penetration of smartphones and the rapid proliferation of smart devices, coupled with continuous adoption of 4G, have increased mobile data traffic. Also, click-to-connect type applications are growing tremendously, generating a significant amount of traffic. Increasing congestion puts additional strains on LTE networks worldwide and creates signaling mesh. Hence, to achieve optimum LTE network as well as ensure improved user experience, efficient routing of signaling information in 3G and 4G networks is highly essential. Diameter signaling products simplify the network structure and streamline and route all Diameter-based IP signaling communication networks. They also act as a controlling element for exchanging information between networks.

Restraints: Growing number of cyberattacks

Signaling protocols such as SS7, SIGTRAN, GTP, and Diameter are building a strong foundation for mobile telephone networks. However, these signaling protocols have severe security weakness that is exploited by attackers. Though these attacks do not take place on a very large scale, they can impact individual subscribers to a great extent.

Apart from signaling protocols, with a greater number of clients and more networks, mobile operators’ elements are exposed to external networks. Telecom providers, location service providers, and content providers are also using interconnecting access. Most of the cyberattacks take place at the provider level, and subscribers cannot do anything to protect themselves.

“4G connectivity technology segment dominates the diameter signaling market”

With the growing number of mobile and 4G subscribers, there is an increase in mobile traffic, which is creating a requirement for signaling devices. Diameter signaling solutions address the issue of growing data traffic in communication networks. At present, communication networks such as 4G and 5G utilize Diameter signaling protocols for internetworking, routing, load balancing, mobility management, and policy management applications. Diameter signaling products are utilized in communication networks to ensure centralized routing, efficient management of network traffic, simplify complex mesh, and improve network performance

“Convergent signaling solutions are driving the growth for diameter signaling market”

With the mass deployment of LTE networks, carriers’ operators are facing pressure from the old SS7 equipment and require a convergent signaling network that can operate both 3G and 4G applications, coupled with a signaling service processing system that is capable of functioning both as Signal Transfer Point (STP), Diameter Routing Agent (DRA), and Diameter Edge Agent (DEA).

Convergent signaling networks can help minimize operating expenses by lowering network deployment costs, reducing the number of network devices by half, and simultaneously simplifying the signal bearing and enabling hardware resource sharing between the signaling networks to improve the network evolution flexibility. This offers a simple and common infrastructure to manage both SS7 and Diameter signaling. It further maximizes the return on investment (RoI) and minimizes the OPEX for carriers.

“APAC to be the fastest-growing market for diameter signaling market from 2020 to 2025”

The market in APAC is expected to grow at the highest CAGR during the forecast period. The growth of the market during the forecast period is expected due to the adoption of new technologies and advancements in the networks. Also, the revenue of telecom service providers in APAC is likely to continue to increase with the rollout of 5G networks. The 5G network would play an integral role in the utilization of advanced technologies such as the Internet of Things (IoT) and machine-to-machine communication (M2M).

China is the biggest market in APAC for connected cars, and the telecommunication sector in this country is witnessing steady growth. Huge population and millions of mobile subscribers utilizing more content and data than ever before will further create the requirement for signaling devices

Major players included in the diameter signaling market are Huawei (China),Oracle(US), Ericsson (Sweden), Nokia (Finland), Cisco (US). The other key players in this market include companies such as Dialogic (US), BroadForward (Netherlands), Diametriq (US), and Sinch (Sweden) Syniverse Technologies (US).

Don’t miss out on business opportunities in Diameter Signaling Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

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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Temperature Sensor Market to Witness Astonishing Growth by Forecast 2020-2027

 According to the new research report, "Temperature Sensor Market by Product Type (Thermocouples, RTDs, Thermistors, Temperature Sensor ICs, Bimetallic, Infrared, and Fiber Optic Temperature Sensors), Output, End-user Industry, and Region – Global Forecast to 2027" 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 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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“Contact type temperature sensor segment to hold the larger share in the temperature sensor market during the forecast period.”

The contact type temperature sensor segment is projected to hold larger share in the temperature sensor industry during the forecast period, owing to contact temperature sensors are widely used in industries such as chemicals, consumer electronics, oil & gas, energy & power, and automotive, because of their low cost, wide temperature ranges, and high accuracy. Contact type temperature sensor has been segmented further into thermocouples, resistive temperature detectors, thermistors, temperature sensor ICs, and bimetallic temperature sensors.

“The digital output segment to hold the larger share in the temperature sensor industry during the forecast period.”

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.

“The chemicals end-user industry segment to hold the largest share in the temperature sensor market during the forecast period.”

The chemicals end-user industry segment is projected to hold the largest share in the temperature sensor industry during the forecast period. Temperature sensors play an important role in the chemicals end-user industry. Processes such as refining, heat tracing, cracking, and incineration, and systems such as sanitary systems and piping systems use temperature sensors for temperature monitoring and control.

“The relative humidity sensor segment in the humidity sensor market is expected to grow at a higher growth rate.”

The relative humidity sensor is expected to grow at a higher growth rate. Relative humidity sensors measure the relative humidity or RH, which is the ratio of the actual water vapor present in the air at a given temperature to the maximum water vapor present in the air at the same temperature. In weather reports and forecasts, the probability of dew or precipitation is indicated using relative humidity. Moreover, relative humidity is an important parameter when looking for comfort.

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.

Don’t miss out on business opportunities in Temperature Sensor Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

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
Northbrook, IL 60062
USA : 1-888-600-6441