Industrial Valves Market | 84.30 Billion USD by 2023 | Global Forecast to 2023

According to the new market research report on the "Industrial Valves Market by Material Type (Cast Iron, Steel, Cryogenic, Alloy Based), Size, Valve Type (Ball, Butterfly, Gate, Globe, Check, Plug), Industry (Oil & Gas, Water & Wastewater, Energy & Power), and Geography - Global Forecast to 2023", this market is expected to be valued at USD 84.30 Billion by 2023, at a CAGR of 3.60% between 2017 and 2023. 

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The major factors driving the growth of the industrial valves market include growing demand of valves from oil & gas production-related facilities in the GCC countries, rising demand for energy in APAC, and increasing focus on smart cities in developing nations. 

This report segments the industrial valves market on the basis of material type, valve type, size, industry, and region. The market for energy & power is expected to witness a significant growth during the forecast period. The significant growth of this industry can be attributed to the usage of power in industrial process because of urbanization and rapidly increasing population.

Globe and Ball valves accounted for the largest share of the industrial valves market in 2016. This growth can be attributed to its usage for subsea applications, high temperature service, high pressure service, abrasive service, cryogenic service, sour service, and cryogenic service in the industries such as oil & gas, water & wastewater, chemical, and pulp & paper industries. Additionally, in the oil & gas industry, ball valves are mainly used for stopping and starting the flow of any fluid, moderate throttling, and flow diversion.

The industrial valves market in APAC to grow at the highest rate

The market in APAC is expected to grow at the highest CAGR during the forecast period. The high growth can be attributed to the increasing demand from the oil & gas, chemical, and water & wastewater industries. Developing economies such as China and India hold significant position in the chemical processing industry. Demand generated from chemical, oil & gas, and water & wastewater is likely to spearhead the growth rate of APAC in the industrial valves market.

The report also profiles the most promising players in this market. The competitive landscape of the market presents an interesting picture where a large number of players have become a force to reckon with. The key players in this market are AVK Holding (Denmark), Avcon Controls Private Limited (India), Cameron – Schlumberger (US), Crane Co. (US), Emerson (US), Flowserve (US), Forbes Marshall (India), IMI Plc. (UK), Metso (Europe), Neway Valves (China), Velan Inc. (Canada), Samson AG (Germany), Spirax Sarco (UK), and The Weir Group Plc. (UK).

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Geographic Information System (GIS) | 10.12 Billion USD by 2023

The geographic information system (GIS) market was valued at USD 5.33 Billion in 2016 and is expected to reach USD 10.12 Billion by 2023, growing at a CAGR of 9.6% between 2017 and 2023. Development of smart cities and urbanization, integration of geospatial technology with mainstream technologies for business intelligence, and growing adoption of GIS solutions in transportation are the key driving factors for the market.

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The base year considered for the study is 2016 and the forecast period considered is between 2017 and 2023. The objective of the report is to provide a detailed analysis of the Geographic Information System (GIS) Market on the basis of component, function, end user, and geography. The report provides detailed information regarding the major factors influencing the growth of this market.

APAC expected to grow at the highest rate between 2017 and 2023

APAC is expected to be the fastest-growing market for GIS during the forecast period. In this region, geospatial technologies are being utilized for rural and agricultural development over the last decade. In APAC, companies engaged in engineering and construction, mining and manufacturing, insurance, and agriculture are implementing geospatial technologies to identify potential markets and are using geospatial information to make strategic decisions. Surveying and mapping technologies are widely used in APAC. In addition, the development of smart cities in China, India, and other Southeast Asian countries has driven demand for 3D GIS in this region.

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

The hardware market was dominated by key players such as Hexagon AB (Sweden), Trimble Inc. (US), Topcon Corporation (Japan), Hi-Target Surveying Instrument Co., Ltd. (China), and Beijing Unistrong Science & Technology Co., Ltd. (China).

The other players in this market include Blue Marble Geographics (US), Caliper Corporation (US), Computer Aided Development Corporation Ltd. (Cadcorp) (UK), Geosoft Inc. (Canada), Handheld Group (Sweden), Harris Corporation (US), Hi-Target Surveying Instrument Co. Ltd. (China), MacDonald, Dettwiler and Associates Ltd. (Canada),  PASCO CORPORATION (Japan), and SuperMap Software Co., Ltd. (China).

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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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Security Robots Market | 2.36 Billion USD by 2022

According to the new market research report "Security Robots Market by Type (Unmanned Aerial Vehicles, Unmanned Ground Vehicles, Unmanned Underwater Vehicles), Component (Sensors, Controller Systems, Camera Systems, Navigation Systems), Application and Geography - Forecast to 2022", the security robots market is expected to reach USD 2.36 billion by 2022, at a CAGR of 8.56 % between 2016 and 2022. This growth can be attributed to the rising geopolitical instabilities and territorial conflicts. During the last decade, the total number of active conflicts has increased throughout the world, for instance, the European refugee crisis and disputes in the South and East China Sea. This factors are driving the demand for security robots. 

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Browse 72 market data tables with 54 figures spread through 174 pages and in-depth TOC on "Security Robots Market - Forecast to 2022" 

 

Unmanned aerial vehicles (UAVs) to hold the largest share of the security robots market during the forecast period

UAVs are expected to hold the largest share of the security robots market during the forecast period. UAVs not only perform intelligence, surveillance, and reconnaissance missions but can also attack, strike, suppress, and destroy enemy air defense, network node, or communications relay, and combat search and rescue among others. Due to these advantages, UAVs are increasingly used by the US Army and its NATO alliances against the terrorist outfits in Syria, Libya, Iraq, and Afghanistan. Also, different security agencies are increasing the usage of UAVs for patrolling and surveillance of major events such as FIFA World Cup and Euro Cup among others.

Sensors component to grow at the highest CAGR during the forecast period

The market for sensors is expected to grow at the highest CAGR during the forecast period. CBRN and laser sensors are used in security robots for marking targets, guiding munitions, missile defense, electro-optical countermeasures, and inertial navigation systems among others. Electro-optic systems are increasingly being used by defense forces worldwide. EO/IR systems are integral to the intelligence, surveillance, & reconnaissance (ISR) and intelligence, surveillance, target acquisition, and reconnaissance (ISTAR) capabilities of modern military forces.

North America expected to hold the largest share of the global security robots market between 2016 and 2022

The security robots market in North America is segmented into the U.S., Canada, and Mexico. The increasing use of advanced weapons and technology for overseas contingency operations such as Afghanistan, Syria, and Iraq is driving the growth of the market in this region. Currently, the ongoing operations in Syria and Libya against terrorist outfits are prompting the U.S. to use advanced technology-based security robots.

The major players operating in the security robots market are Lockheed Martin Corporation (U.S.), Northrop Grumman Corporation (U.S.), Thales SA (France), BAE Systems Plc (U.K.), and Elbit Systems Ltd. (Israel) among others.

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Solenoid Valve Market expected to be worth 4.41 Billion USD by 2022

The report "Solenoid valve Market by Body Material (Stainless Steel, Brass, Aluminum, and Plastic), Valve Design (2-way, 3-way, 4-way, and 5-way), Industry, and Geography - Global Forecast to 2022", The solenoid valve market is expected to reach USD 4.41 Billion by 2022, at a CAGR of 3.54% between 2016 and 2022. This market registered a shipment of 12.94 Million units in 2015 and is expected to reach 20.29 Million units by 2022, at a CAGR of 6.35% between 2016 and 2022. The major factors driving the growth of this market include the growing investments in various industries across developing economies such as China and India and greater preference for increasing process automation worldwide thereby decreasing production costs.

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Browse 74 market data tables with 96 figures spread through 170 pages and in-depth TOC on "Solenoid valve Market - Global Forecast to 2022"

The chemical & petrochemical industry in the solenoid valve market held the largest share in 2015

The solenoid valve market on the basis of industry vertical has been segmented into oil & gas, chemical & petrochemical, water & wastewater,  food & beverages, pharmaceuticals, power generation, automobile, medical, and others. Among the various industries considered for the study, the chemical & petrochemical industry held the largest share in 2015. This market is expected to grow at a significant rate between 2016 and 2022, driven by the growing installations of solenoid valves in different phases of oil & gas extraction processes. The continuous retrofit works in this industry would significantly contribute to this market.

The market for 3-way solenoid valves is expected to grow rapidly during the forecast period

The solenoid valve market based on valve design type has been segmented into 2-way, 3-way, and 4-way solenoid valves. Among these valves, the 3-way solenoid valves are expected to witness the highest growth during the forecast period. The major reasons for the growth of this market include growing usage of these valves in water & wastewater treatment plants.

The solenoid valve market in North America is expected to hold the largest share of the global solenoid valve market by 2022

The solenoid valve market in North America held the largest share during the forecast period, followed by the markets in Europe and APAC. The market in North America is expected to grow at the highest rate between 2016 and 2022. This growth is majorly attributed to the increasing usage of solenoid valves in various process industries where these industries are currently upgrading their existing facilities with the deployment of automation technologies. These automation technologies help in providing greater performance, less manpower, and high efficiencies, thereby decreasing the overall production costs.

The major players in the solenoid valve market are ASCO Valve, Inc. (U.S.), Christian Bürkert GmbH & Co. KG (Germany), Curtiss-Wright Corporation (U.S.), Danfoss A/S (Denmark), GSR Ventiltechnik GmbH & Co. KG (Germany), IMI plc (U.K.), Parker Hannifin Corporation (U.S.), Rotex Controls B.V. (The Netherlands), SMC Corporation (Japan), and The Lee Company (U.S.) among others.

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

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

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Terahertz imaging systems are expected to lead the global terahertz technology market

The global terahertz technology market is expected to reach USD 489.8 Million by 2022, growing at a CAGR of 31.83% between 2016 and 2022. The main drivers of the growth of this market include the increasing adoption of terahertz technology-based products for laboratory research applications in various universities & research firms globally and the growing demand for these products in various cancer treatment institutes & hospitals worldwide for more informative results. The terahertz technology market has been segmented on the basis of type, technology, application, and region. In this report, 2014 has been considered as the historical year, 2015 has been considered as the base year, the 2016 to 2022 has been considered as the forecast period for the study of the market.

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In addition, the report also profiles the major companies operating in the terahertz technology market. It also provides the competitive landscapes of key players, which includes the key growth strategies adopted by the key players in the market. The report comprises the critical market data and qualitative information for each type along with the qualitative analysis such as the Porter’s five force analysis and value chain analysis.

APAC is expected to grow at the highest CAGR between 2016 and 2022.

The market in APAC is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increase in initiatives, such as heavy investments in R&D to encourage the adoption of terahertz technology, taken by the countries such as China, India, and Japan in this region.

The market for laboratory research applications is expected to grow at the highest CAGR between 2016 and 2022

The terahertz technology market for laboratory research applications is expected to grow at the highest CAGR during the forecast period since the terahertz technology market is not a mature market and is experiencing continuous technological advancements. Hence, the technologies used to manufacture the terahertz technology-based products frequently undergo R&D activities.

The market is dominated by the key players such as Advantest Corporation (Japan), TeraView (U.K.), Menlo Systems GmbH (Germany), Acal plc (U.K.), and Microtech Instrument Inc. (U.S.).

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In this research report, the global terahertz technology market is segmented on the basis of type, technology, application, and region. This report describes the drivers, restraints, opportunities, and challenges for the growth of the market. The Porter’s five forces analysis has been included in the report with a description of each of its forces and their respective impact on the global terahertz technology market. This report gives a detailed view of the market across the four major regions: the North America, Europe, APAC, and RoW. In addition, it gives a detailed view of the types of terahertz technology-based systems, which include terahertz imaging systems, terahertz spectroscopy systems, and terahertz communication systems. It also covers the applications of the terahertz technology-based systems such as terahertz imaging, spectroscopy, and terahertz communication system applications. In addition, the market has also been segmented on the basis of technology into terahertz sources and detectors.

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

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

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Geotechnical Instrumentation & Monitoring Market | The Americas is estimated to hold the largest share

The geotechnical instrumentation and monitoring market is estimated to grow at a CAGR of 11.37% from 2017 to 2022 to reach USD 4.64 Billion by 2022. This report provides a detailed analysis of geotechnical instrumentation and monitoring market based on offering, network technology, structure, end user, and region. The service segment, among offerings, is projected to grow at the highest CAGR between 2017 and 2022.

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To estimate the size of geotechnical instrumentation and monitoring market, the top players and their share in this market have been considered. This research study involves the extensive use of secondary sources, such as the American Society of Civil Engineers (ASCE), the British Geotechnical Association (BGA), the IEEE Standards Association, the Australian Geomechanics Society, the International Journal of Geotechnical Engineering, a study of annual and financial reports of top players, presentations, press releases, journals, paid databases, and interviews with industry experts.

Of all structural segments of geotechnical instrumentation and monitoring market, tunnels & bridges is the fastest-growing segment during the forecast period. Bridges and tunnels are important infrastructures and contribute majorly to the growth of a region. Geotechnical monitoring in tunnels is important due to the increased risks of cave-ins. Thus, it is necessary to monitor the safety of these structures with high precision.

“The Americas is estimated to hold the largest share of the geotechnical instrumentation and monitoring market by 2022”

The Americas is estimated to have the largest share of the geotechnical instrumentation and monitoring market by 2022. The major reason for this large market share is the high number of projects that are implementing geotechnical instrumentation and monitoring solutions in the region. The Americas has always been the leader in implementing this technology and is very particular about the safety of its structures.

Major players in the geotechnical instrumentation and monitoring market are Fugro N.V. (Netherlands), Keller Group plc (U.K.), Geokon, Incorporated (U.S.), Durham Geo Slope Indicator, Inc. (U.S.), Nova Metrix LLC (U.S.), Geocomp Corporation (U.S.), and Sisgeo Srl (Italy).

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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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Biometric technology | Mobile Biometrics Market | 49.33 Billion USD by 2022

The mobile biometrics market is expected to grow from USD 4.03 Billion in 2015 to USD 49.33 Billion by 2022, at a CAGR of 29.3% between 2016 and 2022. The industrial consensus on developing intelligence in mobile devices drives the use of biometric technology. In the last few years, most of the smart phone companies have launched biometrics-enabled phones. While the focus is currently on fingerprint recognition technology, the market is trending toward advanced biometric technologies such as face, voice, iris, and others.

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This report aims at estimating the current market size and future growth prospects of the mobile biometrics market on the basis of component, authentication mode, industry, and geography. The base year considered for this study is 2015 and the market forecast is given for the period between 2016 and 2022. The key drivers for the growth of this market are government initiatives for the adoption of biometrics, increase in mobile transactions, introduction of e-passports, and increasing number of smartphone vendors opting for biometric features. 

In mature markets such as North America and Europe, the adoption rate of mobile biometric is steady compared to that in emerging markets such as APAC and RoW. The large-scale adoption of mobile biometrics in these regions is attributed to the growing influx of mobile devices and the increasing number of mobile transactions.

North America holds the largest share of the mobile biometrics market; APAC is expected to grow at the highest rate during the forecast period

The adoption of mobile biometric technologies in passports & visas, banking & finance, large-scale funded programs, and employee access monitoring in buildings is driving the growth of the mobile biometrics market in North America.

The market in APAC is expected to grow at the highest CAGR between 2016 and 2022. Many countries in the Asia-Pacific region have started adopting mobile biometric technologies in national IDs and e-passports. Moreover, the government in Asian countries is actively promoting and adopting biometric technologies. India has introduced biometric-based unique identification (UID) which is likely to cover 1.25 billion Indians. In 2012, China introduced the new China Resident Identity Card Law which requires Chinese citizens to have their fingerprints scanned and recorded. Large-scale township projects in Japan have also started adopting biometrics as a standard security device.

The major companies in the mobile biometrics market that are profiled in this report include:

1. Apple Inc. (U.S.)
2. Nuance Communications, Inc. (U.S.)
3. Safran SA (France)
4. M2SYS Technology (U.S.)
5. 3M Cogent, Inc. (U.S.)
6. Precise Biometric (Sweden)
7. Crossmatch (U.S.)
8. BIO-key (U.S.)
9. Aware Inc. (U.S.)
10. Applied Recognition, Inc. (Canada)
11. EyeVerify, Inc. (U.S.)
12. Fulcrum Biometrics, LLC (U.S.)

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

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

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

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