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Increasing Demand for Network Tester Market to Fuel Revenue Growth Through 2028

Market Outlook

The network is the communication between two or more computer systems. In practice, a network is comprised of a number of different computer systems connected by physical and/or wireless connections. The penetration of Information and Telecommunication Services has changed the face of the business operation. Today most of the government, as well as public enterprises, have adopted the IT services and depend on IT infrastructure services for their smooth functioning. It is thus ideal to run a network test while installing a new network as well as to troubleshoot the existing network. Network Tester is tools checks if the network runs smoothly without any interference. A network tester primarily tests the upload and download speed of the network followed by the security and load test. The fast and seamless network is a critical entity especially when it comes to government as well as business operations. Network tester is thus largely used by various private and public enterprises as well as by government agencies in order to ensure the smooth functioning. The Network tester market is expected thus expected to grow over the forecast period. 

Growing Demand for Network Testers owing Rapidly Evolving Network Technologies

It is necessary to test the working of the network before and after the installation to reduce the system failure and thus having a check in repair cost. Network tester is used to check any flaws or defects in the network. The escalating demand for Network tester in network installation, maintenance, research, and development as well as manufacturing are prominent drivers of Network tester market. The surging demand for faster connectivity, increased use of cell phone as well as laptops, demand for higher bandwidth and evolving multimedia are some of the secondary drivers for Network tester market. The increasing demand for Network tester from the increasing adoption of the enterprise network is further expected to lift the Network Tester. With the installation of a network system on large in enterprises and government sites, increase the necessity to the analysis of network, boost the demand for Network testers. Various internet service providers depend on Network tester to ensure that consumers receive a high quality and efficient network. The telecom, datacom as well as optical fiber testing highly relies on various Network Tester. The highly demanded deployment of FTTH service is expected to increase demand for various Network testers. 

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Global Network testers: Market Segmentation

On the basis of the type of service, the global Network testers market has been segmented as

  • Managed Network Implementation Services

  • Managed Network Design Service

  • Support & Maintenance Services

  • Managed Network Monitoring Services

On the basis of equipment type, the global Network testers market has been segmented as

  • Stress Testers

  • Performance Analyzers

  • Protocol Analyzers

  • Conformance Analyzers

  • Interoperability Test Systems

  • Others

On the basis of End User, the global Network testers market has been segmented as

  • Computer and Electronics Industry

  • Educational Institutes

  • Research laboratories

  • Large Enterprises

  • Government agencies

  • Other Business Segments 

Global Network testers Market: Key Players

The Global Network testers are competitive. Some of the key players in the global Network testers market include Agilent Technologies, Digital Lightwave Inc., Anritsu Corporation, EXFO Electro-Optical Engineering Inc., Fluke Networks, Finisar Corporation, Harris Corporation., and others 

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Opportunities for Global Network testers Market Participants

The increase in the use of digital technology, a rise in deployment of FFTH and FFTX has created a demand for portable as well as efficient Network testers. The manufacturers are investing in R&D to reduce the cost, reduce product development time as well as increase the quality and performance of the product and mark their dominance in the market. The upcoming next-generation technologies like 5G, VoLTE, Li-Fi increases the demand for Network testers creating new market opportunities.

Global Network testers Market: Regional Outlook

The Global Network testers market is regionally segmented as North America, Latin America, Europe, Asia Pacific, and MEA. Asia Pacific region is expected to dominate the Network testers market during the forecast period. Owing to the increasing demand for telecommunication services, rising demand for television and multimedia services as well as a rising number of cell phone users and the online gaming trend.


Mobile Video Optimization Market - Increase in the Use of Smartphones is Likely to Drive the Market

According to a new report pertaining to the mobile video optimization market published by Transparency Market Research, the market is projected to reach US$ 891.3 Mn in 2026, driven by an increase in the use of smartphones and tablets across the globe. The market is projected to expand at a CAGR of 8.8% during the forecast period from 2018 to 2026. The expansion of the market is attributed to increased Internet accessibility in developing countries. Asia Pacific is anticipated to lead the mobile video optimization market, followed by Europe and North America, during the forecast period.

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The rise of mobile video adoption has been driven by a significant increase in the usage of smartphones. Smartphones have allowed the new trend of video consumption via screens. They make a significant volume of video content available. Cameras in smartphones also facilitate the creation of video content. Mobile video use continues to rise with the widespread use of tablets. The devices have improved the video-watching experience by providing a larger screen. They have encouraged the consumption of new forms of content, including long-form content such as movies.

It has been found that tablet users are likely to view video content nearly three times more on a daily basis on their device than smartphone users. Sales growth of tablets has slowed to some extent in recent years. The growth is now shifting toward phablets (mini-tablets), the use of which is even more focused on entertainment.

The mobile video optimization market has been segmented based on technology, end-user, enterprise size, and region. In terms of technology, the source optimization segment is expected to dominate the global market in 2018.

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Asia Pacific led the mobile video optimization market, accounting for a substantial share in 2017. China was a major revenue generating country for the market in the region. The market in North America, Europe, Middle East & Africa, and South America is also expected to expand during the forecast period.

The research study includes profiles of leading companies operating in the global Market. Key players profiled in the report include Akamai Technologies, Cisco systems Inc., Citrix Systems Inc., Ericsson (MediaKind), Flash Networks Ltd., Nokia Corporation, Openwave Mobility, Qwilt, Vantrix Corporation., and Virtual Graffiti Inc..


Pervasiveness of Retail Sector to Augment Demand for Electronic Shelf Label

Increasing proliferation of Internet of Things (IoT) coupled with growing digitization in the retail sector continue to influence the growth of the electronic shelf label market. Persistent growth in the retail sector has resulted in a meteoric expansion of retail outlets, particularly supermarkets and hypermarkets across key developed and emerging economies worldwide. Fact.MR foresees that the demand for electronic shelf label is projected to expand at a stellar pace with a CAGR of 21.5% in terms of value throughout the period of forecast, 2018-2026. Sales of electronic shelf label are estimated to cross US$ 1,700 Mn by end of 2026 on the back of surging growth in the retail sector worldwide, says the report.   

There is a direct correlation between several macroeconomic factors, most notably increasing urbanization, growth in GDP per capita and economic growth, and overall sales of goods and commodities, which is likely to fuel the demand for electronic shelf label. Moreover, expanding retail infrastructure is likely to offer potential growth avenues for manufacturers of electronic shelf label in the forthcoming years.

Sales of electronic shelf label using the ZigBee technology are estimated to increase at high rate, largely contributing to the overall sales of these devices across retail stores. According to the Fact.MR report, sales of electronic shelf label with ZigBee technology in 2017 were around US$ 150 Mn and are likely to expand to cross a billion dollar milestone by end of the forecast period. Increasing use of ZigBee technology for low cost and low power wireless networks coupled with higher convenience quotient associated with network distribution and monitoring have further pushed the adoption of the technology in electronic shelf labels. Likewise, Wi-Fi technology adoption in electronic shelf label is also projected to expand at a high rate during the period of forecast, however, high cost associated with Wi-Fi technology is likely to confine its use in the forthcoming years.

Demand for E-Ink electronic shelf labels is expected to witness an impetus on the back of low power consumption and paper-like readability. Sale of E-Ink based electronic shelf label (ESL) is expected to cross US$ 1,400 Mn by end of 2026 owing to their benefits including wide viewing angles, superior optical performance and multi-color options. On the contrary, LCD displays are also gaining steam with fast-paced evolution of display technology coupled with cheaper, smarter and more efficient micro-displays. Cost effectiveness of LCD displays is expected to auger well for their sales during the period of assessment.

Supermarkets and hypermarkets are expected to remain lucrative revenue pockets for manufacturers for electronic shelf label, according to the report. Sales of electronic shelf label in supermarkets and hypermarkets are expected to grow at a meteoric pace throughout the period of assessment, on the back of increasing number of these retail outlets worldwide. Convenience stores are also expected to pave potential growth pathways for electronic shelf label manufactures in the coming years, significantly contributing to the overall growth of the electronic shelf label market.

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Regulations linked with use of electrical and electronic equipment across several regional markets is likely to challenge the growth in adoption of electronic shelf label, says the report. Preliminary complexity associated with their use is the waste management of these devices at the end of their service life. Regulations on import of WEEE (Waste Electrical and Electronic Equipment) owing to presence of hazardous components such as cadmium, lead and mercury, which is expected to hinder the growth of the electronic shelf label market during the forecast period.

Sales of electronic shelf label are likely to remain concentrated in the developed countries of Europe, especially, France, Germany and the United Kingdom. Demand for electronic shelf label in Europe is largely driven by price compliance that has resulted in retailers adopting the technology to avoid penalties. Moreover, demand for electronic shelf label in China is projected to expand at a higher rate during the period of forecast closely followed by North America, says Fact.MR report.


Off the Road Tire Market for Automotive Expected to Surpass US$ 29 Bn by 2026, Globally

the global OTR tire market is anticipated to surpass US$ 29 Bn by 2026, expanding at a CAGR of more than 4% during the forecast period.

Growing urbanization and sustained investments in construction are driving the usage of construction vehicles, thus boosting the demand for OTR tires. The Trump government has set plans for an infrastructure investment of US $ 1.7 Trn to develop rural infrastructure, highways and bridges. The EU–China deal, named Belt and Road Initiative, of US$ 9 Bn to construct an intercontinental highway is expected to drive the demand for construction vehicles, thereby boosting the demand for OTR tires. Increased industrial activities in Asia Pacific and Latin America is driving the sales of electric forklifts and warehouse trucks. Demand for lean production is driving the adoption of large number of industrial vehicles within facilities and warehouse, which in turn is boosting the OTR tire market.

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Based on industry, the agriculture segment is expected to dominate the global OTR tire market both in terms of volume and revenue. Modernization of agricultural activities and rising consumer demand due to rising population are boosting the adoption of tractors and agricultural equipment, which in turn is driving the demand for OTR tires. The construction & mining segment of the market in Asia Pacific, Latin America, and Middle East & Africa is expected to expand at a high growth rate during the forecast period. Recovery of the economy of Brazil is expected to witness higher budgeting for infrastructure, thus boosting the sales of construction vehicles. This, in turn, is anticipated to propel the OTR tire market in the country.

Giant OTR tires of 51’’ to 63’’ rim size are expected to witness a significant demand owing to rise of construction projects in developing countries. The stability of commodity prices has boosted the mining sector. Usage of dump trucks, excavators, scrappers, and other mining vehicles to improve the output is expected to boost the demand for OTR tires.

Asia Pacific is a key market for OTR tires. Abundance of natural rubber in the region has played an instrumental role in achieving competitive pricing of OTR tires. Rapid economic expansion witnessed by countries in Asia Pacific is expected to boost industrial activity and construction projects, thus driving the OTR tire market in the region.

The aftermarket segment is expected to lead the sales channel segment of the global OTR tire market due to the need for replacement of tires. Demand for replacement of OTR tires is considerably high, as these tires are employed in rugged terrain and work under heavy load conditions.

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Key players operating in the global OTR tire market for automotive include Continental AG, Bridgestone Corporation, MICHELIN, The Good Year Tire Company, Prometeon Tyre Group S.R.L., Yokohama Tire Corporation, Sumitomo Rubber Industries, Ltd., Nokian Tyres, China National Tire & Rubber Co., Ltd., JK Tyre & Industries Ltd., Trelleborg AB, Apollo Tyres Ltd., Quindao Rhino Tyre Co., Ltd., Titan, International Inc., and Balkrishna Industries Limited, Double Coin Tyre Group Ltd., and Triangle Group Co., Ltd.


Oil Filter Market for automotive is expected to reach US$ 5.3 Bn by 2026, Globally

The global oil filter market for automotive is projected to expand at a CAGR of 3% between 2018 and 2026, according to a new research report by Transparency Market Research (TMR). According to the report, the global market is likely to be influenced by a range of political, economic, social, technical, and industry-specific factors. Latin America is expected to witness rapid rise in demand for oil filters, with the market in the region anticipated to expand at a CAGR of 3% during the forecast period.

Stringent carbon emission norms, leading to lowered carbon emission levels, are expected to propel the overall oil filter market for IC engine vehicles. China 5 standards for emissions, which are similar to Euro 5, were implemented to new vehicles sold in the country, in January 2017, for gasoline engines. These standards are applicable for diesel engines from January 2018. China has mandated real-driving emissions testing modeled after the EU RDE regulations with a few enhancements and modifications with the implementation of these norms. In March 2014, the U.S. EPA finalized new emission standards for vehicles and fuels, commonly referred to as Tier 3 emission standards. This is anticipated to reduce both tailpipe and evaporative emissions from passenger cars, light-duty trucks, medium-duty passenger vehicles, and some heavy-duty vehicles. A well maintained and properly functional oil filter is required to cooperate with the norms mentioned above.

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Rising amount of greenhouse gases and carbon footprint has led to the development of electric vehicles, which are predicted to impact the IC engine vehicles market in the next five to seven years. The oil filter market for automotive in some regions is expanding at a moderate pace, owing to limited usage of some oil filters such as fuel filter and engine oil filter in electrical vehicles. This, in turn, is likely to impact the demand for oil filters. However, the demand for hydraulic filters and coolant filters are anticipated to rise owing to the increase in production of vehicles.

The oil filter market for automotive can be segmented based on fuel type, filter type, sales channel, vehicle type, and region. Based on fuel type, the diesel segment is likely to dominate the market by the end of the forecast period. This is primarily due to its major application in commercial vehicles. It is expected to expand at a CAGR of more than 3% and in terms of revenue, the segment is estimated to reach near to US$ 3 Bn by 2026. In terms of filter type, the fuel filter segment holds a prominent share, and its market share is likely to reach about 40% of the market by 2026. The fuel filter is responsible for cleansing of fuel before entering into the engine cylinder for combustion. Combustion of clean fuel is expected to create lesser carbon emissions. The passenger vehicles segment held 71% share of the global market in 2017. Impurity of the fuel left after fuel refinement and contamination of fuel while transporting are primary concerns. Moreover, passenger cars have to adhere to stringent emission norms in order to minimize environmental pollution. Consequently, various filters such as coolant filters are being utilized in passenger cars to maintain the low temperature of vehicle components. The usage of automotive filters is increasing at a steady pace owing to the rise in production of passenger cars. These factors are responsible for the dominance of the passenger vehicle segment among the vehicle type segments. The electric vehicle segment is likely to expand, owing to government subsidies and policies in several countries. Demand for oil filters in the electric vehicle segment is likely to witness marginal growth, due to elimination of usage of fuel filter and engine oil filter in electric vehicles. The aftermarket segment leads the market, and was valued at US$ 21 Bn, in terms of revenue, in 2017. The oil filter needs to be replaced periodically as it gets contaminated due to foreign particles. The aftermarket segment holds a major share of the market due to the need for regular replacement of oil filter.

Based on geography, the global oil filter market for automotive can be segregated into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific held a major share of the global market in 2017. Increase in demand and production for vehicles in the region coupled with rise in demand for environment-friendly vehicles in some of the prominent countries in Asia Pacific, and the rise in mass production methods such as assemble line production are major factors that are driving the market in Asia Pacific.

Development in the materials, combination of its use, and the design of the filter are driving the technological development of automotive filters.

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The global oil filter market for automotive is highly fragmented due to the presence of small- and medium-scaled manufacturers. Major share of the automotive oil filter market is held by local manufacturers, as they are present in large numbers. Major players operating in the global oil filter market for automotive include Sogefi SpA (Italy), MAHLE GmbH (Germany), MANN+HUMMEL GmbH (Germany), A.L. Filter (Israel), Robert Bosch GmbH (Germany), Donaldson Company, Inc. (U.S.), North American Filter Corporation (U.S.), Fildex Filters Canada Corporation (Canada), K&N Engineering, Inc. (U.S.), Filtrak BrandT GmbH (Germany), Luman Automotive Systems Pvt. Ltd. (India), ALCO Filters Ltd. (Cyprus), and Siam Filter Products Ltd., Part. (Thailand).


Automotive Micro Switch Market - Consumer Electronics to Exhibit Rapid Growth

An automobile is made up of a number of components that are connected via micro switches that are specifically designed to function as a sensor for the presence or absence of another condition. With the right micro switch, automotive industry players can build better products with different configuration of terminations, actuators, and wired connections. As the automotive industry touches new peaks in the emerging economies and the growing prospects of electric vehicles in developed countries, the market for automotive micro switches is primed for a profitable future. According to a recent business intelligence study by Transparency Market Research (TMR), the global automotive micro switch market will be worth US$4,282.2 million by the end of 2025, with the demand expanding at a notable CAGR of 5.1% during the forecast period of 2017 to 2025.

As per the findings of the TMR report, the global shares in the automotive micro switch market are distributed among a large pool of players, and newer players are frequently eating out a share of pie owing to low entry barriers. These micro switches are cost-effective, and do not require extensive technological expertise to be built. That being said, the analyst of the report has identified Honeywell Sensing and Productivity Solutions, Alps Electric, Johnson Electric Holdings Ltd., Panasonic Corporation, C&K Components Inc., OMRON Corporation, Crouzet Automatismes SAS, CAMSCO Electric Co. Ltd., TE Connectivity, The APEM Group, Microprecision Electronics, and Knitter Switch as some of the notable companies ahead of the curve. To gain an edge over their competitors, these players are frequently indulging in mergers and acquisition, as it helps them strengthen their supply chain as well as find new customers.

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Based on type, the market for automotive micro switch market has been segmented into door interlock switches, reset switches, ultra-miniature micro switches, sub-miniature micro switches, double pole double throw micro switches, single pole standard precision micro switches, general purpose micro switches, and standard micro switches. End users studied under this study are retail, automotive, industrial, consumer electronics, and others. Geographically, the analyst of the report has highlighted Asia Pacific as the region that will continue to formulate for the most prominent chunk of the demand in the near future.

Increasing consumer preference for integrated components within an automobile that add to convenience in handling as well as improves safety of the product is the primary driver of the automotive micro switch market. Manufacturers are building complex combinations of mechanical structure coupled with electronic systems that are increasing intelligent, and are equipped with systems such as infotainment, HVAC, window, electric steering, acceleration, heated seats, headlight controls, and transmission. For all these systems, micro switches are essential.

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Key Takeaways:

  • Global automotive micro switch market is estimated to be worth US$4,282.2 million by the end of 2025, mounting from its evaluated worth of US$9,271.1 million as of 2016
  • Owing to low entry barriers, new players are able to make a mark in this market, although a few well-established players are expected to rain their dominance in the near future
  • Prospering automotive industry in Asia Pacific is expected to sustain a consistent demand in the near future.

Tire Pressure Monitoring System Market for Automotive is expected to surpass US$ 8 Bn

The global tire pressure monitoring system market for automotive is projected to expand at a CAGR of more than 4% between 2018 and 2026, according to a new research report by Transparency Market Research (TMR). According to the report, the global market is likely to be influenced by a range of political, economic, social, technical, and industry-specific factors. Latin America is likely to witness rapid rise in demand for tire pressure monitoring system, with the market in the region anticipated to expand at a CAGR of about 7% during the forecast period.

Vehicle tires functioning below the prescribed inflation level place the complete performance of automobile and the safety of passengers at danger. The tire pressure monitoring system of the vehicle assists in increasing safety on the highway by enhancing the vehicle’s motility, decreasing its braking displacement, reducing the wear of tires, and enhancing fuel economy of the vehicle.

The direct tire pressure monitoring system segment accounts for a majority share of more than 75% of the market. The direct tire pressure monitoring system takes help from sensors fitted inside the assembly of tire to transmit information about tire pressure to the vehicle’s computer. It is the simplest and more accurate method used to monitor tire pressure, as compared to that utilized in the indirect method. Consequently, the direct system has significant penetration in the market.

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The conventional tire pressure monitoring system segment dominates the market. Easy availability and cost-efficiency are key factors responsible for the higher share held by the conventional tire pressure monitoring system segment, as compared to the intelligent tire pressure monitoring system segment, of the market.

The passenger vehicles segment held more than 70% share of the global market in 2017. Tire pressure monitoring system is an additional safety feature provided in the vehicle. Majority of OEMs provide this feature as optional in passenger vehicles. The U. S. is home to a significant number of with commercial vehicles, and the tire pressure monitoring system is mandatory in all vehicles in the U. S. Therefore, the commercial vehicles segment held a relatively higher share of the tire pressure monitoring system as compared to the vehicle production ratio of commercial vehicles and passenger vehicles.

In terms of volume, the OEMs segment is likely to lead the market, as most OEMs, such as GMC and Ford, provide the vehicle with safety features, such as tire pressure monitoring system. The segment accounted for more than 60% share of the market, in terms of volume, in 2017. The tire pressure monitoring system has a lifespan that is almost one-third to that of the vehicle, i.e., three to four years. The tire pressure monitoring system can only be replaced when there is fault in the technology, or the tires are replaced, as per consumer’s choice. Consequently, the replacement of tire pressure monitoring system is rare.

Development in the dimensions of tire pressure monitoring system, advancement in the materials and use of such materials to fabricate the components of tire pressure monitoring system, improvements in procedures utilized in the production of tire pressure monitoring system, and usage of highly developed designs of tire pressure monitoring system are powering the technological development of the tire pressure monitoring system for automotive.

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The global tire pressure monitoring system market for automotive is highly consolidated as conceptual design and manufacturing of the tire pressure monitoring system needs significantly high precision, expertise, innovative technology, and high investment. Furthermore, the tire pressure monitoring system market for automotive witnesses the existence of key producers working in the industry for several years. Majority share of the tire pressure monitoring system market for automotive is held by global players, as they dominate the R&D for tire pressure monitoring system. Major players operating in the global tire pressure monitoring system market for automotive include Valeo, Robert Bosch, ZF Friedrichshafen AG, Continental AG, Sensata Technologies, Inc., Denso Corporation, Pacific Industrial Co., Ltd., NXP Semiconductors, WABCO, Huf Hülsbeck & Fürst GmbH & Co. KG, NIRA Dynamics AB, Bendix Commercial Vehicles Systems LLC, Dunlop Tech GmbH, Hamaton Automotive Technology Co., Ltd., Bartec USA LLC, and ATEQ.


Thyristor Market Size, Share, Forecast Report 2026

The global thyristor market was valued at US$ 4,035.0 Mn in 2017 and is projected to register compound annual growth rate (CAGR) of over 7.0% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled “Thyristor Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.” The report suggests that the rising population and urbanization is likely to spur the demand for thyristors in the coming years (2018 to 2026). Other factors such as replacement of aging infrastructure and government initiatives are also expected to help the market expand rapidly. As key players introduce new thyristors and features in developed markets such as North America, Europe, and Asia Pacific, these regions are likely to account for dominating share of the global thyristor market. Growing demand for thyristors from the consumer electronics sector in emerging markets such as China and India is likely to boost growth of the Asia Pacific thyristor market at a growth rate of around 8.4% from 2018 to 2026.

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The replacement of aging infrastructure especially in the energy sector is likely to drive the thyristor market. Thyristors are much more efficient than their substitutes and replacement of older equipment is likely to spur the market growth.The increased efficiency of thyristors during transmission and distribution of power also provides considerable cost savings.Thyristors have a higher penetration in developed economies as compared to developing economies.

Based on application, the global thyristor market is segmented into industrial electronics, consumer electronics, communications, and automotive electronics. By 2026, the consumer electronics segment is expected to hold about one third of the total market and expand at a rapid rate throughout the forecast period.Thyristors not only improve efficiency, but also reduce maintenance cost compared to conventional solutions.In terms of power rating, the market is segmented into below 500MW, 500-999MW, and above 1000MW. Primarily driven by the demand from urban regions, the 500-999MW segment held the major share of the revenue in 2017. On the other hand, the below 500MW segment is anticipated to expand at a rapid pace due to the increasing demand from increasing population around the world.

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In terms of value, Asia Pacific was the leading contributor to the global thyristor market in 2017. The contribution is primarily due to the increased adoption of thyristors with the presence of well-established players across the region, especially in China and Japan. Asia Pacific is also expected to emerge as the region showcasing the highest CAGR. Furthermore, the region is witnessing high adoption of thyristors because of the increasing demand for energy to support local manufacturing units.

Major players in the thyristor market include ABB Ltd, Siemens AG, Schneider Electric SE, Eaton Corporation Plc., Honeywell International Inc., Analog Devices, Inc., STMicroelectronics N.V.,Infineon Technologies AG, ON Semiconductor, and Fuji Electric Co., Ltd.


Autonomous and Semi-autonomous Tractors Market

the global autonomous and semi-autonomous tractors market is anticipated to surpass US$ 9 Bn by 2026, expanding at a CAGR of more than 25% during the forecast period.

Market for autonomous and semi-autonomous tractor is likely to expand significantly during the forecast period, owing to the high rate of adoption of technology among farmers in order to boost the production of their farms. Specifically, the driverless tractors market is expected to expand in developed regions such as North America and Europe; however, the rate of adoption of driver-assisted tractors, which comprise steering-assist and land monitoring systems, is expected to rise remarkably in developing countries such as India, China, and Brazil. Rising population is boosting the demand for agricultural products; however, contraction in availability of agriculture land is prompting people to adopt highly advanced technologies, which can contribute to enhanced production. In the first decade of the 21st century, precision agriculture enhanced the production of farms remarkably in the U.S., which encouraged other countries in other regions to adopt advanced technologies in order to increase production of their farms and follow better land management techniques. Manufacturers are likely to focus on semi-autonomous tractors in developing countries, while the market for fully driverless tractors is likely to expand rapidly in developed countries, such as the U.S., Canada, France, and the U.K. The rate of adoption of driver-assisted autonomous tractors in developing regions is anticipated to be higher than fully autonomous tractors owing to the high cost of fully autonomous tractors.

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The agriculture sector is a major contributor to the global GDP (gross domestic product), and in 2014, it accounted for one-third of the global GDP. According to the World Bank, agricultural development is a highly powerful tool, which can be utilized to beat extreme poverty. Therefore, in most regions, governments are taking required steps to boost their respective agriculture sectors and manufacturers involved in the manufacturing of agricultural equipment are continuously developing equipment that can boost the production of the sector. Therefore, such development is likely to boost the autonomous & semi-autonomous tractors market.

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Key players operating in the global autonomous & semi-autonomous tractors market include AGCO Corporation, CLAAS KGaA GmbH, CNH Industrial N.V., Deere & Company, Escorts Limited, Mahindra & Mahindra Ltd., SAME DEUTZ-FAHR Italia S.p.A., Ag Leader Technology, Agjunction, Inc., Autonomous Solutions Inc., Raven Industries, Inc., Trimble, Inc., and YANMAR CO., LTD. Among all the players, Mahindra & Mahindra Ltd. is a leading manufacturer of the agricultural equipment and is a prominent producer of farm tractors; however, the company’s agricultural equipment business is focused in Asia Pacific, and the company is trying to expand its business units in Europe and North America. In September 2017, the company introduced its driverless tractor in Chennai, India, in order to enhance its product portfolio, and in 2018, it started production of steering-assisted tractors in India.


Market of Food Vacuum Dryers to Register 1.5X Growth in the Light of Increasing Food Projects

The advent of food vacuum drying machines has reinforced feasibility in various food drying applications, thereby projecting a promising futuristic outlook of the food vacuum dryers market. Significant upraise in demand for food vacuum dryers is driving continuous efforts and developments by manufacturers operating in the food vacuum drying machine market. These persistent developments and efforts for diversifying the existing product framework are stimulating the market to land on a prosperous growth course. Moreover, high preferences for processed food is also adding up to the overall demand for food vacuum dryers across the globe. The study foresees food vacuum drying machine market to exhibit an impressive CAGR of 2.9% during the forecast period 2018-2018.

The current growth curve of the food vacuum drying machine market is preeminently influenced by surging count of food projects lined up over the time. The growing fad for customized food vacuum drying machines across all the regions of the globe is also fortifying the growth aspects by a significant margin. This, in turn, is further poised to encourage manufacturers to frame robust tactics and extend their product specialties. Also, the vogue of customized food vacuum dryers is stimulating revival of the overall value chain process, which will augur well for the growth of food vacuum drying machine market. With OEMs and Aftermarket playing a crucial role in the Food Vacuum Drying Machines Market, the demand from food applications is all set to sway the global food vacuum drying machines market; hence creating promising aspects for manufacturers.

By product type, continuous vacuum freeze belt dryer is poised to account for the highest market value by 2028. In terms of growth, continuous vacuum belt dryer is foreseen to grow at the highest CAGR of 3.7% by overpowering all other product types. By operating principle, indirect drying is foreseen to lead in terms of revenue outpacing direct drying principle. Indirect drying is also foreseen to outshine direct drying with regard to growth. Indirect drying is envisioned to grow at a CAGR of 3.2% during the assessment period of 2018 to 2028. North America had stood out with a notable market share in 2018 and this region is likely to lead by 2028 end.

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Adoption of superheated steam dryers is estimated to evolve as an emerging trend in the wake of several advantages offered including energy recovery, high rate of drying, minimalized equipment capital cost and size, lower environmental impacts, and many more. Market consolidation and expansion has also been stated as one of the most-anticipated trends in the upcoming market scenario. Surging reliance of manufacturers on consolidation and expansion is anticipated to meet the rising demand, gain access to markets with high potential in APAC, and to magnify their stronghold in prime regions such as Europe and North America.

The market of food vacuum dryers is slated to be a highly consolidated one with a less number of players holding around two-third of the global market share. Manufacturers indulged in manufacturing of food vacuum drying machines have dramatically evolved, primarily at the regional frontiers and in China. This proliferation is attributable to presence of advance manufacturing technology and cost effective machinery. On the contrary, several governmental regulations pertaining to design & development of vacuum drying machines, rate of high power consumption and shelf life of machines are few of the key impediments likely to thwart the global market growth. The manufacturers are also foreseen to strive for long term supply contracts in the wake of several realizations tied to price correction.



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