High-Voltage Switchgear Market – Business Strategies, Revenue Generation, Market Shares & Latest Development

According to a new report published by Transparency Market Research, the global high-voltage switchgear market is projected to reach US$ 18,898.7 Mn by 2026, expanding at a CAGR of 5.0% from 2018 to 2026. The global market is expected to be influenced by a range of macroeconomic and industry-specific factors during the forecast period. Demand for high-voltage switchgear is likely to be significant in Asia Pacific from 2018 to 2026.The market in the region is anticipated to expand at a CAGR of 5.4% during the forecast period.

Grid Modernization to Reform Electricity Transmission and Distribution Network Drives the Market

Demand for high-voltage switchgear depends on expansion of the electricity transmission and distribution network. Hence, increase in government initiatives for the modernization of existing transmission and distribution network is expected to propel demand for high-voltage switchgears during the forecast period.

Global High-Voltage Switchgear Market: Scope of the Report

The global high-voltage switchgear market has been segmented based on product standard, component, insulation, application, and region. In terms of product standard, the global market has been classified into IEC, ANSI, and Others. The ANSI segment is projected to account for the largest market share during the forecast period. The segment is driven by increase in adoption of ANSI standard electrical equipment.

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ANSI standard specifies sheet metal thickness, paint color, barriers, and other features to ensure consistency of equipment from various manufacturers. Based on component, the global high-voltage switchgear market has been categorized into circuit breakers, relays, and others. Demand for circuit breakers in developed as well as developing countries is driven by increasing electrification in countries in Asia Pacific and Africa. Circuit breakers is expected to be the largest segment during the forecast period.

In terms of insulation, the global high-voltage switchgear market has been divided into air-insulated switchgears (AIS), gas-insulated switchgears (GIS), and others (oil and vacuum). Gas-insulated is expected to be the most preferred switchgear across the world. Air-insulated switchgears are expected to substitute gas-insulated switchgears in a few applications. However, gas-insulated switchgears have several benefits over air-insulated switchgears. The physical size and design of gas-insulated switchgears offer higher reliability and flexibility. Moreover, gas enclosed design makes GIS the most suitable solution for indoor and underground substations.

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Multi-Mode Chipset Market – Smartphones Segment to Remain Most Lucrative

The global multi-mode chipset market was valued at around US$ 4,509.7Mn in 2017 and is anticipated to register a stable CAGR of over 11% during the forecast period 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled “Multi-Mode Chipset Market” – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.” increasing deployment of LTE networks, rapid technological advancement in the field of cellular connectivity, and growing popularity of devices that support 5G NR with integrated gigabit LTE has increased the penetration and growth of the multi-mode chipset market globally. The market in North America is expanding at a significant CAGR of 11.9% on the backdrop of numerous technological innovations in cellular connectivity and increasing popularity of smartphones.

Increasing Deployment of LTE networks to Drive Market Growth

The growing necessity for wireless communication networks offering high capacity and speed has increased the deployment of LTE networks. Various telecommunication operators across the world are deploying advanced LTE networks in order to deliver seamless mobility, low latency, high efficiency, over-the-air encryption, and improved bandwidth support. Telecom operators from North America are continuously taking efforts to introduce advanced technologies such as LTE and 5G to improve the speed of connectivity in order to meet the increasing consumer demand for high speed data networks.

In February 2017, Qualcomm Technologies, Inc. announced the expansion of “Qualcomm Snapdragon X50 5G” modem family to include 5G New Radio (NR) multi-mode chipset solutions to address a wide range of use cases and deployment scenarios. Key trends prevalent in the multi-mode chipset market are multi-mode chipsets for smart devices, 5G technology devices, miniaturized multi-mode chipsets, and multi-mode chipsets with IoT connectivity.

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The application segment is divided into smartphones, tablets, wearable devices and others. Smartphones segment is anticipated to dominate the market owing to growing popularity of smartphones around the globe. Various technological advancements such as high speed data networks and emergence of 5G are shaping the future communications on mobiles. These factors are expected to boost the growth of the multi-mode chipset market. Smartphone segment is anticipated to expand at the highest CAGR of 11.6% during the forecast period 2018 to 2026. Wearable devices segment is projected to expand at a significant CAGR over the forecast period owing to the growing adoption of wearable devices for various activities such as health fitness tracking, sports, and vehicle tracking.

Geographically, the global multi-mode chipset market is divided into five major geographical regions, including North America, Europe, Asia Pacific, South America, and Middle East &Africa. In 2017, North America was the topmost revenue generating region followed by Asia Pacific. Telecom operators from North America are continuously taking efforts to introduce advanced technologies such as LTE and 5G to improve the speed of connectivity in order to meet the continuously increasing consumer demand for high speed data networks.

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Articulated Robot Market to Reach US$ 22,939.2 Mn by 2026

The global report on articulated robot market is expected to experience high demand, as the key players in the market are adopting new technologies to enhance the working of articulated robots, as analyzed by Transparency Market Research (TMR). The application of articulated robot is seen in various industries such as medical and pharmaceutical, automotive, and food and beverages industries, that will significantly boost the market during the forecast period starting from 2018 to 2026. Recently in 2017, Kawasaki Heavy Industries, Ltd. launched a compact multi-axis vertically articulated robot by the name of RS007L and RS007N. Some of the other players making efforts in the global articulated robot market are YASKAWA Electric Corporation, ABB LTD., Mitsubishi Electric Corporation, TOSHIBA MACHINE CO., LTD, and FANUC CORPORATION.

As per the TMR analysis, the global articulated robot market is expected to reach US$ 22.93 bn by the end of the forecast period in 2026 from US$ 6.05 bn in 2016. The market is expected to rise at a CAGR of 14.22% for articulated robot during the same tenure. The automotive segment under the industry vertical category is projected to expand at CAGR of 13% during the forecast period. It has also been estimated that the automotive segment will attain market share up to 23.81% in the same tenure. The regional analysis shows that Asia Pacific was a leading market for articulated robot as of 2017. Adoption of articulated robot in electronic manufacturing service industry is likely to boost the market.

Extensive Use of Articulated Robot in Oil and Gas Industries to boost the Market

The application of articulated robot has grown significantly in numerous areas such as painting a car to joining any component. There are certain areas where the use of articulated robots does not work in a beneficial way due to heavy load nature of certain applications. However, the use of articulated robot in oil and gas, aerospace and various other industries commonly manufacture large parts using industrial robots will aid in the market’s expansion.

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Additionally, KUKA Titan, and 6-axis type of articulated robots are effective and powerful that can be used to shift and move heavy steel girders. Moreover, increasing inclination towards factory automation or say “Industry 4.o” has considerably boosted the demand for articulated robots in past few years. Thus, during the forecast period articulated robot market is expected to flourish significantly

Less usage in SMEs to Restrain Articulated Robot Market

Technological advancements have increased production capacity of manufacturing industry, but there are still certain restrictions lingering that could hamper the growth of the market. As articulated robots automatically reprogrammed, controlled, and have multipurpose manipulator that have significantly helped in gaining huge industrial traction, which is not suitable in small and medium enterprises. Moreover, they are designed depending upon the application required that cannot be easily modified or reconfigured later if the change is required. Additionally, the cost of reinstallation and reconfiguration is quite high in the low volume production. These factors may restrict the market of articulated robot to grow effectively.

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Wire and Cable Market Continue To Grow At a Rapid Pace

According to a new market report published by Transparency Market Research, the global wire and cable market is expected to reach US$ 235.9 Bn by 2026, expanding at a CAGR of 4.1% from 2018 to 2026. According to the report, the global market is expected to continue to be influenced by a range of macroeconomic and industry-specific factors. Asia Pacific is likely to continue to be at the forefront of global demand, with the market in the region expanding at the CAGR of 4.8% through 2026.

Expansion in the Building Sector, Power Generation, and Distribution Networks is driving the Global Wire and Cable Market:

The demand for wire and cables is directly reliant on the expansion of the industrial sector and infrastructure development in the power generation and transmission, telecommunication, and residential and commercial sectors. Rapid urbanization and rising global population have increased the demand in these areas, thereby offering multiple opportunities to the global wire and cable market.

Wire and Cable Market: Scope of the Report

The global wire and cable market can be broadly segmented bybased on type, material, and application. byIn terms of type, the low voltage wire and cable segment is consistently expected to constitute a dominant market share between 2018 and 2026. Increasing urbanization, which is resulting in the expansion of power transmission & distribution networks and rise in residential & commercial buildings, is a major factor attributed to the segment’s high share.

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Moreover, rising demand for low-voltage wires in electrical installations of automobiles is another factor accounting for its dominance throughout the forecast period. However, out of all types, the optical fiber cable segment is expected to expand at a significant CAGR of 6.1% owing to its increasing applications for telecommunication systems, television transmission, and data networks. byBased on material, the copper segment held a prominent share of the market in 2017 and is further expected to lead the wire and cable market during the forecast period. Superior electrical conductivity together with high ductile and tensile strength makes copper a versatile material for wires and cables.

Apart from high performance and durability, copper has ability to undergo stress with minimum signs of wear and tear and also requires less maintenance. Therefore, in spite of the metal’s high cost, the copper segment is expected to constitute 64.3% share of the overall wire and cable market in 2026. byIn terms of application, the residential & commercial buildings and power transmission & distribution segments cumulatively accounted for 64.3% market share in 2017. Rapid urbanization, especially in the developing countries of Asia Pacific and Middle East, is boosting demand for wires and cables in the residential & commercial buildings and power distribution sectors. Furthermore, increasing government initiatives across the world for the renewal of existing transmission and distribution networks is further driving the power transmission & distribution segment.

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Electrical Appliances Market to be worth US$ 1,285 Bn by 2025

The global electrical appliances market was valued at around US$ 685 Bn in 2016 and is anticipated to register a CAGR of ~7% from 2017 to 2025, according to a new report by Transparency Market Research (TMR) titled “Electrical Appliances Market- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025.”

Electrical appliances are defined as devices which use electricity to perform specific functions. A wide range of such appliances is available from refrigerators, wine-coolers, washing machines, tumble dryers, vacuum cleaners, steam mops, shavers, trimmers and water heaters to air conditioners, air coolers, heaters, fans, rice cookers, bread makers, toasters, irons, and juicers. A wide range of companies across the world manufacture and sell such appliances, providing customers with a large range of options.

The global electrical appliances market is expected to register a medium rate of growth during the forecast period. However, this growth rate will be spread unevenly across the different regions of the world. The developing region of Asia Pacific is especially expected to witness a higher growth rate, followed by North America, whereas Europe is expected to witness slower growth rate during the same period.

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One of the primary drivers of the market is higher standards of living, especially in the Asia Pacific region. As the average monthly income of households has increased, they have been able to make purchases beyond their basic human necessities. This has led households to purchase electrical appliances, which have historically been looked upon as luxury items. Another major factor driving the global electrical appliances market are the lucrative offers and the easy availability of credit schemes to purchase them. In fact, the purchase decision of nearly 70% of potential customers is positively influenced by such offers.

The major restraint on the global electrical appliances market is the consistent and considerable R&D investment required to develop new, more efficient, environment-friendly, smart, and connected appliances. It is a highly competitive market coupled with increasingly stringent government regulations regarding emissions of environmentally harmful chemicals. In such a scenario, the constant improvement of products is important, though this is mostly possible only by the larger companies such as Whirlpool Corporation, Haier Group, and LG Electronics Inc.

Major opportunities in the global electrical appliances market exist in product differentiation and new product development. Almost all the companies focus on providing a wide range of products to meet the needs and price affordability of consumers from different economic strata. This in turn creates the need for product differentiation. Companies try to provide this through the different features offered in the appliances.

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Focused Ion Beam Market – Gallium Ion Source Segment to Remain Lucrative

The global focused ion beam market witnesses the prominence of a few players, namely Hitachi High Technologies Corp., Carl Zeiss AG, FEI, and JEOL Ltd. In 2015, these companies collectively held 67.1% of the market pointing a largely consolidated vendor landscape. Top players are engaged in acquisition and partnership with small companies in the same line of business to expand their business operations. Collaborations between companies will be further leveraged for commercialization of products in untapped regions.

Product innovation to gain competitive advantage is also what savvy players in this market are engaged in. Leading companies are carrying out aggressive R&D to develop newer applications of focused ion beam systems in metallurgy and material science. For example, in 2015, FEI introduced a dual-beam plasma focused ion beam (PFIB) for electrical failure analysis and electrical fault isolation.

As per estimates of a market study by Transparency Market Research (TMR), the global focused ion beam market is anticipated to be worth US$528.0 mn vis-à-vis revenue by the end of 2024 at a CAGR of 7.1% between 2017 and 2024. The demand in the market translated into a revenue of US$325.4 mn in 2017.  Of the key segments based on ion source, gallium displays the leading demand in the overall market due to its favorable physical properties.

This is followed by the demand for iridium. Among the various application segments of the focused ion beam market, sample preparation is the most attractive wherein focused ion beam is largely used in the education sector. Region-wise, powered by the U.S., North America is anticipated to remain the most lucrative market for focused ion beam over the forecast period.

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Extensive Use for Failure Analysis of Equipment a Boon for Market

Focused ion beam equipment since its inception two decades ago has been predominantly used in the microelectronics sector. With aggressive R&D carried out by product manufacturers, focused ion beam systems are increasingly finding application in other fields such as material sciences. This has created an explosion of demand for focused ion beam instruments among material science businesses. Circuit editing, micro structural analysis, and prototype and nano machining are the areas in material sciences where focused ion beam is used.

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Surface Mount Switch Market – Growth in Key End-use Sectors to Keep Demand across Asia Pacific Strong

The global surface mount switch market features a largely fragmented competitive landscape, wherein the top five companies accounted for nearly 46% of the overall market in 2015, observes a recent report by Transparency Market Research (TMR). These top companies, namely Omron Corporation, NKK Switches Co. Ltd, E-Switch Inc., Grayhill Inc., and C&K Components, have adopted the course of strategies such as expansion of production units, product innovation, and acquisitions and mergers to stay ahead of the competition.

Owing to the rapid development of the global surface mount switch market, a number of new players have forayed into the market by acquiring niche product manufacturers. A number of existing players have also entered into strategic collaborations or have acquired smaller firms to make the most of the existing growth opportunities and remain competitive in the market. This has enhanced the capital base for companies, enabling them to invest higher amounts in research and development activities and strengthen their hold on the market.

Most of the key manufacturers of surface mount switches are located in Asia Pacific, North America, and Europe. This has limited the potential of the market from reaching regions such as Latin America and Africa. This could be a viable incremental growth opportunity for new entrants, especially in Latin America, wherein the flourishing telecommunication sector will lead to a vast rise in demand for a variety of electronics components in the next few years.

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According to TMR, the global surface mount switch market was valued at US$3360.0 mn in 2017 and is expected to reach US$5860.0 mn in terms of revenue by 2024, exhibiting at a CAGR of 8.2% from 2017 to 2024. In terms of product type, the segment of ultra-miniature surface mount toggle switch presently constitutes the bulk of market’s overall revenue and is expected to exhibit strong growth over the forecast period as well. Geographically, due to strong growth in industries such as automotive, electronics, and telecommunication, the Asia Pacific market is expected to remain dominant throughout the forecast period.

Rising Demand for Electronics Goods to Help Market Retain Healthy Growth

The vast rise in the global consumption of electronics goods such as smartphones, tablets, computers, and laptops has been one of the key drivers of the global surface mount switches and will continue to have a strong impact on the market’s future growth prospects. The electronics goods industry consumes vast volumes of electronics hardware that utilize the extensive usage of surface mount technology.

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