Riveting Equipment Market Dynamics, Segments, Size and Demand, 2019 – 2027

• Riveting is a technology used in fabrication processes. A riveting equipment is used for high-end joining of two components.
• Pressed, radial, and orbital are some of the well-known mechanisms used in the industrial sector. Among these, radial riveting is one of the significantly employed technologies, as it furnishes high-quality joints with less input force and reduced process duration.
• Automated riveting provides greater consistency, increases productivity and is also cost effective than manual riveting. 
• Prices of pneumatic riveting equipment are estimated to decrease in the next few years, which is attributable to emergence of battery-powered riveting equipment
• Higher efficiency of the pneumatic riveting equipment is likely to increase the replacement rate of the product. Though, the replacement rate is anticipated to be low for the aerospace industry in the next couple of years, as large scale companies have pre-installed infrastructure for use of pneumatic equipment.

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Global Riveting Equipment Market: Dynamics

• Rising demand from the metal processing sector is considered to be a key factor driving the global riveting equipment market
• Growing industrial activities and improvement in manufacturing and assembling processes in various end-user industries in different countries are expected to augment the demand for riveting equipment during the forecast period
• Growing concerns about effective and efficient operations, robust structure of riveting equipment, and precise operational accuracy of riveting equipment in metal-processing operations are expected to drive the global riveting equipment market during the forecast period
• Moreover, technological upgrade in the manufacture of riveting equipment and considerable growth of the industrial sector in East Asia and South Asia are expected to create immense opportunities for the global riveting equipment market during the forecast period 
• However, lack of skilled labor and proper training is expected to restrain the global riveting equipment market during the forecast period
• Moreover, high costs associated with development  of the riveting technology and time-consuming process for production of riveting equipment are anticipated to restrain the global riveting equipment market in the next few years.

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Ultrasonic Testing Equipment Market Projected size Be Resilient During 2027

According to a new market research report titled ‘Ultrasonic Testing Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027,’ published by Transparency Market Research , the global ultrasonic testing equipment market is expected to reach value of US$ 1,868.3 Mn by 2027, expanding at a CAGR of 7.8% from 2019 to 2027. According to the report, the global market is expected to be influenced by continuously rising demand for ultrasonic test equipment for use in the inspection of pipelines in the oil & gas industry during the forecast period.

Similarly, other industries, such as power generation, aerospace & defense, automotive, manufacturing, construction, and medical, are also influenced by increased adoption of the ultrasonic testing technology to detect flaws, cracks, voids, and discontinuity in the product or material. This increased adoption of ultrasonic testing can directly augment the ultrasonic testing equipment market.

In terms of demand, North America is projected to lead the global market for ultrasonic testing equipment, with the market in the region expanding at a CAGR of 7.8% between 2019 and 2027. Increasing investments in the oil & gas industry for safe transportation of oil and gases through pipelines and stringent government regulations about safety and quality controls are anticipated to significantly drive the market during the forecast period.

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Rising demand for weld technology for use in oil and gas pipelines

The global ultrasonic testing equipment market is projected to expand at a significant rate during the forecast period, due to increasing demand for use of the weld technology in oil and gas pipelines. At the global level, oil and gases are primarily transported by four mediums: rail, trucks, boats, and pipelines. Among these, 100% of natural gas is transported by pipelines, owing to difficulty in and the cost of transforming natural gas into liquid form. Also, 70% of crude oil and petroleum products are shipped by pipelines in the U.S.

Demand for safe transportation of these explosive gases leads to high demand for ultrasonic testing of the weld technology for pipelines. For this testing, various ultrasonic testing equipment are used across the globe. Apart from the oil & gas industry, ultrasonic testing equipment are increasingly being used in various sectors, such as aerospace & defense, automotive, medical, and construction, in order to identify faults, if any, in the manufacture of components. This testing ensures structural integrity and quality of products. This can make the product or system more efficient in terms of performance and reliability. This is projected to augment the demand for ultrasonic testing equipment across the world in the next few years.

Global Ultrasonic Testing Equipment Market: Scope of Report

The global ultrasonic testing equipment market has been broadly segmented based on product, component, technique, end-use industry, and region. In terms of product, the market has been divided into flaw detectors, thickness gauges, ultrasonic scanners, and others. Among these, the flaw detectors segment holds a significant share of the market, owing to portability and ease of use offered by flaw detectors. Ultrasonic flaw detectors are small-sized, portable, microprocessor-based instruments suitable for both shop and field use.

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They generate and display an ultrasonic waveform that enables a trained operator to locate and categorize flaws in test pieces, often with the aid of analysis software. The flaw detectors segment is anticipated to expand at a CAGR of 7.9% during the forecast period. In terms of component, the ultrasonic testing equipment market has been classified into hardware and services. Among these, the hardware segment held a prominent share of the global market in 2018 and is further expected to maintain its dominance throughout the forecast period. In terms of technique, the market has been categorized into conventional and advanced. The advanced segment comprises several testing techniques such as time-of-flight diffraction, phased array, long-range ultrasonic testing (LRUT), and others. Owing to continuous innovations in ultrasonic testing techniques, the advanced segment is anticipated to hold ~80% share towards the end of the forecast period. Based on end-use industry, the global ultrasonic testing equipment market has been classified into oil & gas, aerospace & defense, power generation, automotive, manufacturing, and others. The oil & gas segment is expected to consistently lead the ultrasonic testing equipment market owing to increasing investments in the oil & gas industry.

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Electric Motor and Generator Market Expected size Deliver Dynamic Progression until 2024

An assembly of electric motor and generator also referred to as a dynamometer is a specialized type of equipment for controlling the speed of machinery. Besides being used for power and torque measurements dynamometers are used for several other functionalities, which include testbed for engine development activities. For instance, dynamometers are used for standard emissions testing cycles, as defined by the U.S. Environmental Protection Agency.

The electric motor and generator assemblies are commonly used for household appliances, which includes refrigerators, air conditioners, microwave ovens, freezers, automatic dishwashers, and other products such as computer disk drives that require a small horsepower motor,. The motor-generator assembly are either present as separate elements or as a single setup wherein rotor coils of both motor and generator are wound around a single rotor.

The report presents an in-depth analysis of the various market indicators, technological developments, and growth trends that are important to understand the progression of the global electric motor and generator market from 2016 to 2024. The research report analyzes the past and current performance of the market based on which projections are included herein. This includes market size values and analysis of the various segments in the past, which are used to present forecasts for the study period.

The report is presented after an extensive research phase followed by insightful inputs received from industry experts. The report is compiled in a chapter-wise format, which is further divided into sub-sections that discusses a specific aspect of the market at length.

The report studies the global electric motor and generator market from a competitive viewpoint as well. This includes the current competitive structure of the market and analysis of the various factors that will change the competitive hierarchy until the end of the forecast period. The leading companies operating in this market are profiled for their competitive attributes of business positioning, product portfolio and specification, recent developments, financial standing, and SWOTs. The report also presents the indicators of strengths, weakness, opportunities, and threats of the global motor and generator market until the end of the forecast period in 2024. The analysis presented in the report helps existing and new players leverage gainful opportunities, which will help change the traditional market dynamics.

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Global Electric Motor and Generator Market: Drivers and Restraints

The ever increasing advancement of the electrical and electronics industry is one of the primary factors driving the global electric motor and generator market. Electric appliances and electronics are equipped with electric motor and generator for operational reasons. However, factors such as the economic crisis of late and price fluctuations of electronics are holding back the market’s growth.  Product development and innovation can steer the global electric motor and generator market to new heights.

Global Electric Motor and Generator Market: Regional Outlook

The report segments the global electric motor and generator market into the regional markets of North America, Europe, Asia Pacific, and Rest of the World. Currently, North America and Asia Pacific are the largest markets for electric motors and generators. These regions are followed by Europe and Rest of the World. In particular, the emerging economies of Asia Pacific and Rest of the World are potential hotbeds to contribute significant revenue to the global electric motor and generator market.

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Smart Water Leak Detector Market Expected size Secure Notable Revenue Share During 2026

Smart water leak detectors are electronic sensors designed to detect the water leakage and minimizes the risk of water damage. Water leakage is one of the most common causes of property damage. Smart water leak detectors are small, soap-sized white boxes that you place on a floor near a water-bearing fixture, usually running on long-lasting batteries, similar to a smoke or CO2 detector. These sensors are internet-enabled devices, typically coupled with GPS chips and GIS (Geographic Information System) to detect and report to end-users in case of any water leakage and damage. These are designed to send notifications directly to the user’s phone when the sensor detects water or any changes in temperature.

This technology was developed based on the Advanced Metering Infrastructure (AMI) technology, which acts as the backbone of the smart water meter concept. The smart water meter technology will help operators detect leakages in pipelines, thereby reducing water loses and in turn controlling the water consumption. The smart water leak detectors market is expected to expand at a higher growth rate in the forecast period owing to the increasing demand of smart sensors in order to reduce water leakage and control water consumption.

Further, importance of water conservation and increasing awareness related to water scarcity, leakages, illegal water tapping and other forms of water wastage have triggered the growth of adoption of sustainable water management systems and it plays a major role to drive the global smart water leak detectors market over the forecast period. Rising demand of smart phones and computers is expected to spur the demand of smart water leak detectors is upcoming period. However, high initial investments and high installation are some of the factor that is going to hinder the growth of the market. Further, increasing proliferation of Internet of Things (IoT) and its integration in smart home is expected to create ample opportunity for the manufactures during forecast period. Additionally, efforts are being taken by many companies to upgrade their research and development activities to analyze further application that is expected to generate profitable growth opportunities for the market in the forecast period. 

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The global smart water leak detectors market is segmented on the basis of product type, connectivity, technology and region. On the basis of product type, the market has been segmented into stand-alone sensors, and water sensor alarm model. The stand-alone smart water leak detectors are designed to detect water with two probes placed at the bottom of the unit. These sensors tend to be on the smaller side and work well underneath sinks and alongside sump pumps.

However, water sensor alarm models are connected to a cable so that it detects water in small spaces, so those sensors are ideal for behind your washer machine and other hard-to-reach spaces. On Basis of connectivity, the market has been segmented into wired and wireless. By technology, the market has been segmented into Wi-Fi, Zigbee and others. High demand of WiFi enabled smart water leak detectors is expected to contribute towards growth of the market. 

In the region wise study, the global smart water leak detectors market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Asia Pacific which comprises China, India, South Korea, Australia and other rising economies captured significant market share followed by North America and Europe in 2017. Asia Pacific showed the fastest growth rate during the forecast period due to the emerging economies. China represents huge potential for the sensors with the low cost of raw materials and huge production facilities in the country. However, The U.S is expected to exhibit high market growth over the forecast period owing to its early technological advancement and high capital expenditure. 

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The global smart water leak detectors market is highly fragmented with number of companies operating in the segment. Leading players are currently focusing on providing cost competitive products and acquiring small companies to gain market share. Various manufactures operating in this market are Honeywell International, Vivint, Inc., Samsung Electronics, Glentronics, Inc., SimpliSafe, LeakSmart Inc., Fibar Group, D-Link Corporation, Insteon, Inc., SDI Technologies Inc. (iHome), Wally Labs LLC, Aeon Labs, Roost Home Telematics.

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Narrowband Internet-of-Things (IoT) Chipset Market Expansion size Be Persistent During 2025

As per the Transparency Market Research, the global narrowband internet-of-things (IoT) chipset market is highly consolidated. Most importantly in 2016, top five companies including U-blox Holding AG, Qualcomm Inc., Commsolid GMBH, Sequans Communications, and Altair Semiconductor held 98% share in the market. If these players keep making significant efforts, there is high possibility of them leading the market over the projected tenure.

Increased investment in research and development activities and higher emphasis on product innovation are some of the key focal points of the key players in this market. Collaboration, mergers and acquisition, and partnership are few other strategies that are widely used by leading players. For example, in 2018 Ericsson collaborated with MediaTek to expand their presence in narrowband IoT chipset market.  Few other companies are also playing a vital role in the global narrowband internet-of-things chipset market such as Huawei Technologies, Intel Corporation, Vodafone Group Plc, and Verizon Communications.

On the basis of statistical information, Transparency Market Research analyses that the global narrowband internet-of-things chipset market is anticipated to rise at staggering 37.9% CAGR over the forecast period between 2017 and 2025. In 2016, the market earned US$0.045 bn, which is expected to reach US$0.79 bn by the end of 2025.

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Based on deployment type, the guardband segment is expected to lead the global narrowband internet-of-things chipset market. In 2016, this segment held 41.9% share in the market, and it is projected that this segment will led the market over the projected period. The major advantage of using guardband is that it avoids interference between simultaneous communication channels. It also prevents crosstalk between two different frequency ranges. With respect to geography, emerging economies in Asia Pacific are offering high growth opportunities in the global narrowband internet-of-things chipset market. Growing work for smart city projects, and high adoption of smart meters in countries like India and China are also boosting growth in Asia Pacific narrowband IoT chipset market.

Innovations in IoT Services to Bolster Growth for Narrowband Internet-Of-Things

The best part about using narrowband internet-of-things technology is that it reduces overall complexity of different network types. Further, it helps in reducing overall device costs by nearly 60%, as compared to the devices built on LTE technology. Increasing adoption of IoT and network enabled devices, the demand for long-range connectivity and low-cost and low-power connectivity technologies also increased. These changing trends are expected to further accelerate growth in the global narrowband internet-of-things chipset market.

Moreover, increasing innovation in IoT services and hardware are expected to offer lucrative opportunities in the narrowband internet-of-things chipset market. Rising applicability of narrowband internet-of-things chipset in various devices such as smart appliances, alarms, trackers, detectors, wearable devices, and smart metering are also projected to surge growth in the global narrowband internet-of-things chipset market.

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Lack of Standardization of Low Power Wide Area Network Technology Threatening Market Performance

Lack of standardization of low power wide area network technology mainly in the telecommunication industry is one of the major restraint seen in the global narrowband internet-of-things (IoT) chipset market. High operational cost is also projected to deter demand in this market.  Moreover, increasing security and privacy concerns and low-speed data transmission rate are also projected to limit growth for narrowband internet-of-things chipset. However, increasing demand for high connectivity along with reduced power consumption that narrowband internet-of-things technology will drive demand in the global narrowband internet-of-things chipset market. Moreover, existing LPWA technologies that are non-standardized, fragmented, and have high operational cost, which can be reaplced by narrowband internet-of-things technology. This factor will further expand the global narrowband internet-of-things chipset market.

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Construction Robots Market Expectations & Growth Trends Highlighted until 2026

According to a new market research report on the construction robots market, published by Transparency Market Research the global construction robots market is expected to reach value of US$ 470.61 Mn by 2026, expanding at a CAGR of 10.4% from 2018 to 2026. Asia Pacific is likely to continue to lead the global market, with the market in the region expanding at a CAGR of 12.4% between 2018 and 2026.

Construction companies welcoming their new robot workers are driving the global construction robots market

Earlier, the construction industry was one of the most unfamiliar R&D fields for the robotics & automation community, despite the fact that the industry is one of the oldest and the largest economic sectors. However, in recent years, the construction industry has become one of the most important research areas in the field of service robotics.

The key difficulty with robotics & automation in construction (RAC) is related to nature of the work environment, which is highly unstructured. Automation is changing the face of nearly every industry across the world, whereas the construction industry may pave the way for robots. In the construction industry, robots can carry out 80% of the work, which is more repetitive, more dangerous, and more monotonous. 

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Global Construction Robots Market: Scope of Report

The global construction robots market has been broadly segmented in terms of automation, function, application, and geography. In terms of automation, the market has been classified into fully autonomous robots and semi-autonomous robots. Among these, the semi-autonomous robots segment accounted for a major market share of around 74% in 2017. The segment is expected to expand at a significant CAGR of 11.0% during the forecast period.

The need for broader and more efficient infrastructure and improved monitoring of infrastructure for predictive and corrective maintenance are factors driving the segment. Based on function, the construction robots market has been divided into 3D-printing robots, demolition robots, bricklaying robot, and others. The combination of 3D-printing and industrial robots is some of the most promising automation technologies in the construction industry. In terms of application, the construction robots market has been classified into commercial buildings, residential buildings, public infrastructure, and others. In 2017, the public infrastructure segment accounted for a prominent market share. The segment is estimated to expand at a significant CAGR of 10.9% during the forecast period.

Based on region, the global construction robots market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Asia Pacific dominated the global market in 2017. The region has abundant natural reserves distributed across various countries.

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Mining and construction are among the top industries in Australia, China, India, Malaysia, and Vietnam. With growing urbanization and wide availability of natural resources in the region, mining and construction companies have started using automated equipment, operating software, and communication systems to connect and operate on site. Europe held a major share of the global construction robots market in 2017. This can be attributed to extensive facilities of various companies for the development and production of construction and demolition robots, and increasing need for residential and non-residential construction projects in the region. 

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Pre-wired System Market Estimated size Discern 2x Expansion by 2027

• A pre-wired system is a set of products used for accelerated connection of analog, discrete and I/O modules. The system acts as a substitute for screw terminal blocks, eliminating the need for a single-wire connection.
• Pre-wired systems are available with battery-based charger systems and in various voltage configurations

A pre-wired system consists of an inverter/charger, e-panel, battery monitoring kit, advanced remote control with display, input and output breaker, solar busbar, and surge protection devices

Various Benefits Offered by Pre-wired Systems to Drive Global Pre-wired System Market

• Pre-wired systems offer various benefits such as ease of installation and reduction in cost and time. These systems are available in an assembled form. They are already tested by manufacturers and they can be directly be connected to a battery bank and a PV array (photovoltaic array). 

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Different Modes of Operation to Drive Global Pre-wired System Market

• Pre-wired systems are available in different modes of operation such as grid-tied mode, meter zero mode, time-of-use mode, and smart load mode. The grid-tied mode sends power back to the utility, thereby reducing the electricity bill.
• The meter zero mode zeros the electric bill, without the need for an additional smart meter
• The time-of-use mode uses solar batteries to reduce usage of grid power
• The smart load mode uses a programmable output for high-power off-grid loads to run during optimum solar energy conditions
• Availability of different modes of operation of pre-wired systems is expected to promote growth of the global pre-wired system market in the near future 

North America to Lead Global Pre-wired System Market

• In terms of region, the global pre-wired system market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

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• North America is anticipated to hold a significant share of the global pre-wired system market during the forecast period. It is estimated to be followed by Europe, due to high demand for pre-wired systems in the region.
• The pre-wired system market in Asia Pacific is projected to expand at a rapid pace in the next few years, led by growth in the adoption of commercial and industrial applications in the region
• The market in Middle East & Africa and South America is expected to expand at a moderate pace in the near future. Middle East & Africa and South America offer high growth potential to the pre-wired system market.

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