Passive Optical Network (PON) Equipment Market Forecast and Analysis of Key players 2023

According to the Transparency Market Research (TMR), the global passive optical network (PON) market has a highly competitive business landscape. Huawei Technologies Co. Ltd., Alcatel-Lucent S.A., ZTE Corporation, and Calix, Inc. have been leading this market and are expected to continue on the same path over the next few years. The rivalry among these players is expected to intensify in the near future with each of these getting involved in partnerships to expand their reach among consumers, states the research report.

As per the research study, the worldwide market for passive optical network is anticipated to rise at a CAGR of 20.70% over the period from 2015 to 2023 and reach a value of US$163.50 bn by the end of the period of the forecast. In terms of structure, the demand for gigabit passive optical networks is relatively greater and the trend is anticipated to remain so in the years to come, notes the market study.

Asia Pacific to Dominate Global PON Market

Geographically, the market registers its presence across Latin America, Asia Pacific, the Middle East and Africa, Europe, and North America. Asia Pacific is leading the global market, thanks to the high popularity for PON structures and equipment. A large portion of this rise in demand is attributed to the fast system usage of China and India. China has acquired a key role in the development of PON equipment manufacturers of late and is projected to keep doing as such for the coming years.

A factor that enables China to demonstrate a higher demand for PON than most different nations is the sheer volume of information being exchanged crosswise over systems. The sum and additionally rate of information activity in the nation is making numerous clients change from remote systems to wired modes, therefore expanding the utilization of PON equipment. Over the next few years, India has proposed to manufacture build up a National Optical Fiber Network, which will be an arrangement to improve the availability between various towns crosswise over India, reports the research study.

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Lucrative Features of PON to Support Market’s Growth

“The superiority of optics in networking is the key factor behind the growth of the global PON market,” says a TMR analyst. Since, PONs are easily scalable, highly reliable for consistency, offer advanced security, and assist in optimizing the bandwidth connectivity, this demand is likely to increase manifolds ion the near future. In addition to this, PON equipment are easy to deploy as well as maintain in comparison to traditional networks and also do not emit electromagnetic radiation, thanks to their dielectric nature, which also are projected to support this market over the next few years, reports the research study.

The review is based on a report by Transparency Market Research, titled “Passive Optical Network (PON) Equipment Market (Component - Optical cables, Optical power splitters, Optical filters, and Wavelength Division Multiplexer/De-Multiplexer; Structure - Gigabit Passive Optical Network (GPON) Equipment and Ethernet Passive Optical Network (EPON) Equipment) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023.

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FPGA Market Opportunities, Growth and Forecast to 2020

A new report that has been presented by Transparency Market Research states that the global market for field programmable gate array (FPGA) is expected to grow at a rapid rate with a stiff competition. Technological advancements and innovations in this field are likely to encourage the growth of the global FPGA market throughout the forecast period. In addition to this, the rise in the number of strategic collaborations and partnerships and the development of new products are predicted to enhance the development of the market in the coming few years.

The rising number of applications and the enhancements in the products offered are likely to push the growth of the FPGA market in the near future. The key players operating in the FPGA market across the globe are Altera Corporation, Microsemi Corporation, Xilinx Inc., and Lattice Semiconductor Corporation.

In 2013, the global market for FPGA stood at US$5,487.2 mn and is predicted to reach a value of US$9,734.4 mn by the end of 2020. The market is further predicted to register a strong growth rate throughout the forecast period. Previously, Asia Pacific led the global FPGA market and is estimated to remain dominant in the coming years. The rise in the contribution from South Korea, India, and China and the rapid development of the electronic industry are estimated to support the development of the Asia Pacific market in the near future.

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Increasing Use of Internet of Things to Drive Global FPGA Market in Near Future

The rise in the demand for advanced driver assistance system is an important factor that is predicted to encourage the development of the global FPGA market over the forecast period. A substantial rise in the adoption of the Internet of Things is another factor that is likely to support the growth of the overall market in the coming few years. In addition to this, the increasing need for wireless communication is expected to offer immense growth opportunities for the market players across the globe.

Furthermore, the key players in the global FPGA market are making investment for research and development activities, which is predicted to support the market growth and attract a large number of consumers in the coming few years. Moreover, the reduction in the time-to-market is likely to accelerate the growth throughout the forecast in the near future. These factors are likely to help the key players in expanding their product horizon, thus accelerating the market growth in the near future.

Lack of Standardized Verification Methods to Curb Market Growth

The global FPGA market, on the other hand, is projected to face several challenges, which are projected to restrict the growth of the market in the near future. The absence of standardized verification techniques and the incapability of FPGA to substitute the basic devices are likely to restrict the growth of the overall market throughout the forecast period. Nonetheless, the increasing use of FPGA in data centers is anticipated to propel the global FPGA market in the next few years.

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This information is based on the findings of a research report published by Transparency Market Research (TMR), titled “FPGA Market (Technology – SRAM, Flash, and Antifuse; Application – Consumer Electronics, Automotive, Industrial, Data Processing, Military and Aerospace, and Telecommunication) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020.

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Microgrid-as-a-Service Market to Gain Highest Revenues in North America

Transparency Market Research delivers key insights on the global microgrid-as-a-service (MaaS) market. In terms of revenue, the global microgrid-as-a-service market is estimated to expand at a CAGR of ~14% during the forecast period, owing to numerous factors, regarding which, TMR offers thorough insights and forecasts in its report on the global microgrid-as-a-service market.

Microgrid-as-a-service is a cloud-based microgrid control solution that allows a third party to utilize the benefits of microgrids, without hassles related to development, operations, and upfront costs. Microgrid-as-a-service (MaaS) comprises software; design and engineering packages; and operations and maintenance support, which are all delivered from a hosted environment. Microgrid-as-a-service systems are designed for use in different sectors, including government, utilities, and industrial and commercial facilities, with advanced monitoring, control, and optimization of distributed energy at an affordable cost. The use of a microgrid-as-a-service system eliminates the hassle of maintaining on-site IT infrastructure. In addition, microgrid-as-a-service offers significant advantages such as improved scalability, dynamic monitoring, and energy efficiency.

Power grid systems have witnessed significant technological advancements over the last few years. Owing to the usage of renewable energy sources, microgrid-as-a-service offers cost-effective electricity and helps in reducing the financial losses caused by electricity outages. The demand for microgrid-as-a-service is increasing rapidly in different industrial verticals as well as remote areas.

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This is primarily due to the declining costs of distributed energy resources and significant features of microgrid-as-a-service, such as high reliability, smart grid integration, low cost, and energy efficiency. Additionally, microgrid-as-a-service facilitates autonomous working. This ensures access to electricity for consumers residing in remote locations. The above-mentioned advantages provided by microgrid-as-a-service over traditional grids are boosting the demand for microgrid-as-a-service. This, in turn, is likely to fuel the global MaaS market during the forecast period.

However, the global power industry witnesses shortage of skilled labor, which is affecting the demand for smart grid systems. According to the U.S. Department of Energy (DoE), the smart grid & electric utility industry in the country would need 105,000 new workers by 2030, but it expects that only 25,000 existing industry personnel are interested in filling those positions.

Global Microgrid-as-a-Service Market: Prominent Regions

North America is the dominant region of the global microgrid-as-a-service market. It is anticipated to continue its dominance in the global microgrid-as-a-service market throughout the forecast period. This can be attributed to increasing adoption of microgrids and high investments in microgrid infrastructure in the region. The microgrid-as-a-service market in Asia Pacific is expected to witness prominent growth in the near future, owing to the rising demand for uninterrupted and reliable power supply in the region. The microgrid-as-a-service markets in the Middle East and South America are expected to witness moderate growth in the near future.

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Key players operating in the global microgrid-as-a-service market are displaying synergies through close cooperation and collaborations in the areas of sales, marketing, and production. Manufacturers are also expanding through organic methods, such as increasing their production capacities, in order to meet the rising demand.

Global Microgrid-as-a-service Market: Key Players

Key players operating in the global microgrid-as-a-service market are Green Energy Corp., Schneider Electric, ENGIE, Spirae, LLC, Aggreko, ABB, General Electric, Eaton, Tech Mahindra, and Siemens AG

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Smart Home Market Booming Demand Leading To Exponential CAGR Growth By 2026

Smart home market promises new in-roads to players in the smart home market with rising demand for digital, and smart homes. The market remains a competitive, and vibrant landscape, with a large variety of companies making customised offering for buyers. Moreover, the barriers of high-costs to adoption are likely to go away in near future, as demand for additional digital security, entertainment systems, and lighting solution are making way for new opportunities to players in the smart home market.

According to TMR estimates, the smart home market will grow at a splendid 18.4% CAGR during 2018-2026 periods. The demand for lighting solution remains a major turn-on for end-consumers as these solutions can often be integrated without the burden of expensive technical setups. Moreover, these offer a premium convenience for buyers of controlling the ambience of their homes, offices while sitting in comfort, and gaining energy efficiency as a major bonus. Moreover, lights can also be switched on and off even remotely, which is another benefit of the lighting solutions.

Among regions, North America is expected to spearhead growth for smart homes, thanks to growing investment in technological advancement in the region, coupled with introduction of supporting mechanisms like 5G network. Asia Pacific region will likely register highest CAGR during 2018-2026, and take the smart home market to new heights, as large population of young buyers are likely to find major appeal in technological advancements.

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HVAC Control Systems Likely to Drive Major Growth

The smart home market is likely to witness major growth in near future in the HVAC systems. Despite several key advantages of lighting solutions, the sheer size, and potential of the HVAC segment is likely to overpower other segment in terms of total revenues. Moreover, countries like France, and Canada have passed roofs mandating green roofs in commercial complexes in major urban areas. The HVAC system also promise significant cost-saving potential for large commercial complexes, and the business sector is likely to happily absorb new costs as it promises maximum energy-savings in near future with use of sustainable energies like solar energy among others. The demand for smart security systems will also witness notable growth, as wireless connectivity, and increasing crime rates in non-gated communities, and urban areas prompt major security upgrades as the status for advanced security mechanisms continues to rise.

Manufacturing Industry to Remain a Major End-sector

Despite its name, the smart home market report will also cater to information from various end-industries. Among these, the manufacturing industry is likely to remain a major positive for the players in the smart home market. The major need for HVAC systems in the industry, and energy efficiency, and security needs, the industry is likely to move towards complete automation in the near future. The rising importance of automation, and solutions like centrally controlled HVAC and lighting solutions will drive growth for players in the smart home market.

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MEMS In Medical Applications Market - Key Segments, Potential Targets And Recommendations

Micro-electro-mechanical systems or MEMS are scaled down gadgets and structures made through microfabrication. These components have acquired a mechanical headway different fields yet its clinical application is generally surprising. MEMS has permitted the clinical business to expand the exactness and precision of the clinical gadgets. These gadgets are utilized to produce smaller than normal and versatile gadgets for careful, demonstrative, and observing purposes. The interest of MEMS implanted gadgets has expanded because of their high proficiency and conservative structure. MEMS in medical applications has been a developing business sector, ascribed to the ascent popular of exactness and precision of clinical gadgets. Besides, the market is driven by the expansion popular for mechanization in lab gadgets. Be that as it may, the stringent legislative guidelines control the development of the global MEMS in medical application market during the tenure of 2019 to 2027.

As per a recent report by Transparency Market Research, the global MEMS in medical application market is projected to witness a substantial growth during the forecast period of 2019 to 2027. The report provides in-depth analysis of the market and helps the readers to make better decisions. The report covers facets such as challenges, trends, drivers, and opportunities that are prevalent in the global MEMS in medical application market during the tenure of 2019 to 2027.

Global MEMS in Medical Application Market: Competitive Analysis

The worldwide MEMS in medical application market is exceptionally fragmented and to a great extent competitive. This situation is the aftereffect of the huge part of the market being caught by the rising players over the globe. In any case, because of this situation, the new players are thinking that it’s hard to enter the global MEMS in medical application market.

To defeat this situation, the new players are receiving techniques, for example, mergers, coordinated efforts, associations to beat this circumstance. These procedures permit the players to oblige fundamental assets that can assist them with accomplishing maintainability in the global MEMS in medical application market. Moreover, with these systems, the new players can have a steady future in the market.

Then again, the built up players of the MEMS in medical application market are securing new organizations so they can stay on the ball. This procedure causes the set up players to reinforce their creation limit and dispersion arrange. Inferable from these procedures, the built up players can accomplish a serious edge over the adversaries and a have a noteworthy fortress over the MEMS in medical application market.

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Global MEMS in Medical Application Market: Key Drivers

Technological Developments to Improve the Healthcare Infrastructure

Technological developments have reformed the healthcare industry by giving different social insurance arrangements precision. MEMS gadgets in medical applications are among these innovative progressions. MEMS-implanted clinical hardware are effective to quantify, analyze and treat different ailments, for example, circulatory strain, respiratory rate, internal heat level issue and others. MEMS-based clinical gadgets are scaled down and help to expand proficiency of different clinical gadgets. Likewise, ascend sought after for lab computerization for expanded productivity would likewise trigger the development of this market. Additionally, expanded subsidizing for this market is likewise expected to help the development of MEMS inserted gadgets. Owing to these developments, the global MEMS in medical applications market shall witness a substantial growth during the tenure of 2019 to 2027.

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Global MEMS in Medical Application Market: Regional Analysis

Geologically, North America comprised the biggest share for MEMS in medical application market in 2018; nonetheless, Asia-Pacific is anticipated to witness the most noteworthy development from 2019 to 2027. This development has been ascribed to increment in diabetic populace and rising dispensable earnings combined with change in way of life. What's more, financial improvement and social insurance changes would build the administration subsidizing in its serious R&D and would trigger the development of MEMS in medical application market in Asia-Pacific.

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Outdoor LED Displays Market By Manufacturing Summary, Business Profile And Estimate To 2027

Outdoor LED displays are utilized in offering improved view of various events such as exhibitions, sports events, live concerts, and many others. This factor is playing an important role in the increased adoption of LED displays in several countries across the globe for purposes like sports and advertising. This is likely to drive the global outdoor LED displays market over the years of projection.

Outdoor LED displays come with several advanced features, which are likely to escalate the demand for the product. These features are prolonged life, high-energy efficiency, and low operational price. Several LED companies offer end-to-end service to their clients such as displaying on site and installation. Furthermore, increased utilization of these platforms for fostering the promotional behaviors of several corporate brands are likely to trigger development of the global outdoor LED displays market. Video walls and advertising boards are used for such brand promotions.

Type, application, and region are displays market the three key parameters based on which the global outdoor LED displays market has been segmented for a detailed discussion. The sole purpose of such segmentation is to offer a clearer, precise, 360-degree view of the market.

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Global Outdoor LED displays market: Notable Developments

One of the developments that offer a glimpse of the market dynamics about the global outdoor LED displays market is mentioned below:

• In February 2020, North America-based NEC Display Solutions is a prominent provider of digital signage solutions. The company made an announcement of an update regarding its Q series of dvLED (direct view LED) display lineup. This new display solution comes with an extended lifespan and high quality images. The improvement in the quality of image indicates at higher rate of refresh and more colors that are displayable. This upgradation is likely to increase the market share of the company in near future.

The global outdoor LED display market is highly competitive and driven by latest technologies. Some well-known organizations in the global outdoor LED displays market include the below-mentioned:

• Sony Corporation
• LG Electronics, Inc.
• Data Display Co., Ltd.
• Panasonic Corporation
• Toshiba Corporation
• Buchi Labortechnik AG

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Global Outdoor LED displays market: Key Trends

The global outdoor LED displays market is likely to observe following drivers, opportunities, and restraints over the assessment period, from 2019 to 2027.

Augmented Spend on Promotional Activities to Shape Contours of the Market

Augmented demand for outdoor LED displays for the purpose of broadcasting advertisements and live actions have increased over the years, which is positively affect the global outdoor LED displays market over the years of projection.

In the last couple of years, a rising number of sports and musical events are being aired in open spaces. In addition, development of sports arenas and open air venues is likely to shoot up the demand for the product in near future. A surge in the brand endorsement and promotion activities together with colossal rise in the development of new products is likely to play an important role in the development of the global outdoor LED displays market.

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PV Module in Solar Energy Market Will Witness Substantial Growth In The Upcoming Years

Solar energy is one of the most reliable and clean energy resources. PV module is the key component of solar based energy generation. Photovoltaic (PV) converts light energy into electricity with help of semiconductor materials. Photovoltaic system works on solar panels, each consist of solar cells, which generate electrical energy. PV module installations may be rooftop mounted, and ground-mounted. Costs for solar power are falling rapidly. Further, “grid parity” has been achieved in many countries, while new markets for the solar industry are opening in emerging and developing nations. Policy and regulatory incentives, over supply of installation components, and advancements in technology are driving down the reduction in cost. Solar PV module systems are helping in delivering clean, safe, affordable, and decentralized electricity to people.

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The PV module consists of components such as protective material, frame, enclosure and junction box. The most significant factors that led to the growth of PV module in solar energy market are dynamic changes of fossil fuel prices and higher demand for renewable energy source. The other factors that facilitate the growth of PV module in solar energy market includes higher investments in R&D, stringent government norms, and the support programs that is making installation of PV module more cost competitive. Introduction of net metering and power purchase agreements will further stimulate the business landscape. One of the key factor which is driving the growth of PV module of solar energy market is the shift in consumer preference. Environmental concerns over the greenhouse gas emissions associated with fossil fuel works in favor of solar energy market. The major restraining factor for PV module in solar energy market is the high capital investment. However, the government support programs making solar power more cost competitive.

The PV module in solar energy market is segmented on the basis of technology, product, connectivity, Mounting, application and geography. By technology the solar energy market including PV module is bifurcated as thin film and crystalline silicon. On the basis of product the market is further segmented into Monocrystalline, Polycrystalline, Cadmium Telluride (CdTe), Amorphous Silicon (A-Si), Copper Indium Gallium Di-selenide (CIGS). Single crystalline is the most efficient sunlight conversion technology available. Its module efficiency averages about 10% to 12%, polycrystalline or multicrystalline has low manufacturing cost and module efficiency averages about 10% to 11%.In string ribbon cost of manufacturing is low and Module efficiency is average 7% to 8%, for amorphous or thin film The cost of manufacturing is lower than any other method and Module efficiency averages 5% to 7%.By connectivity the solar PV module market is divided into on-grid and off-grid. Further by mounting solar PV module market is segmented as ground mounted and roof-top. On the basis of applications, PV module solar energy market is segregated into groups which includes agriculture & horticulture, transportation, architecture and others.

Geographically the solar energy market in PV modules covers Europe, North America, Asia Pacific, South America and Middle East & Africa region. Europe is expected to dominate the global solar energy market including PV module in it. Asia Pacific anticipated to experiences the healthy market growth as this region have the high adoption of solar energy equipment.

Key players for solar sensor market in PV module First Solar Inc., Sharp Corporation, Trina Solar Limited, Yingli Solar, RGS Energy, Verengo Inc, JA Solar, Hanwha Q Cells, ReneSola, GT Advantage Technologies, and Motech Industries Inc. In order to gain a competitive advantage in the industry, these players are actively involved in organic and inorganic growth strategies. Collaborations, partnerships, agreements, and new product launches are some of the important strategies followed by them.

The programmable stage lighting market is segmented on the basis of geography into North America, South America, Europe, Asia Pacific, and Middle East & Africa. The U.S. is anticipated to hold significant market share in programmable stage lighting market followed by Europe due to the number of stage shows performed by artists frequently. However, the Asia-Pacific region is expected to emerge as the one of the fastest growing market in coming years due to developing entertainment industry in economies such as China, India and Japan.

Some of the major players in programmable stage lighting includes Martin (Brand by Harman), Chroma-Q, Apollo Lighting, Philips Lighting Holding B.V., General Electric, Times Square Lighting, Blizzard Lighting, Altman Lighting, Chauvet Professional, and ADJ products among other.

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