Dry Shampoo Market 2020- Future Development, Manufacturers Analysis and Forecast Report

The global dry shampoo market is gaining from a number of favorable factors. Firstly, dry shampoo has aroused the interest of the growing working-class population, globally, who are looking for hair products that do not require much time for application suitable for their hectic lifestyle. This population group requires frequent hair washes as they are exposed to dirt and pollution while traveling to and from the workplace. Dry shampoo is best suited in this scenario, as frequent use of regular shampoo leads to loss of strength and sheen of hair. The ease of use as it does not require water to reduce greasing from the scalp and hair is also a significant factor boosting the demand for dry shampoo.

Apart from this, the changing consumer preference for natural and organic hair care products is also stoking growth of dry shampoo market. To cater to this, a number of hair care brands have introduced natural and organic variants of dry shampoo, which are attracting a large number of consumers. These variants are not only free of harsh chemicals, which are associated with loss of luster and strength of hair, but also help improve hair health through nourishing the scalp. Further, rising hair fall concerns and the rising prevalence of scalp related diseases are increasingly leading consumes opt for natural and herbal hair care solutions.

The influence of the fashion industry leading individuals to adopt hair care solutions endorsed by models and hair stylists has also been boosting the growth of the dry shampoo industry. The advent of new formula based hair care products briefly gained the interest of models and hair stylists for increasing hair volume and providing rich hair texture. However, excessive use of chemical-based hair styling solutions and frequent shampooing have been associated with severe scalp issues, with baldness being one of them. This has led models and hair stylists to switch to dry shampoo that substitutes chemical-based products for hair styling needs.

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According to estimates presented by a report by Transparency Market Research (TMR), the global dry shampoo market will expand at a CAGR of 6.2% between 2017 and 2022 vis-à-vis revenue. Expanding at this pace, the market is likely to become US$4,110.6 mn by 2022-end from its estimated worth of US$3,043.5 mn in 2017.

Global Dry Shampoo Market: Key Insights

Among the key form type segments, spray form is estimated to hold the leading 66.2% of market share in 2017. In absolute numbers, the spray form segment is estimated to be valued at US$2,016.3 mn in 2017. The form spray segment is anticipated to register a CAGR of 6.3% between 2017 and 2022, for the segment to touch a revenue valuation of US$2,738.4 mn by the end of 2022. The form spray type segment is estimated to display the leading year on year absolute growth of US$144.4 mn over the course of the forecast period from 2017 to 2022.

As per function classification, the segments of the global dry shampoo market include anti-dandruff, color protection, hair loss prevention, and others.

From a geographical perspective, the report studies the global dry shampoo market across North America, Europe, Asia Pacific except Japan, Japan, and the Middle East and Africa. Of them, North America is expected to account for the leading revenue contribution of US$1,134.0 mn in 2022. However, Asia Pacific except Japan is expected to register the leading 7% CAGR over the forecast period between 2017 and 2022.

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Global Dry Shampoo Market: Competitive Analysis

The global dry shampoo market is competitive with a presence of a considerable number of established players. Key players operating in the global dry shampoo market include The Unilever Group, The Procter and Gamble, Kao Corporation, The Estee Lauder Companies Inc., Shiseido Company Limited, Church & Dwight Co. Inc., Coty Inc., Revlon Inc., Henkel AG & Co. KGaA, and L’Oreal SA.

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Bluetooth Hearing Aids Market: Key Players and Driving Factors Analysis

A new report by Transparency Market Research (TMR) has identified key players actively contributing to growth of the global Bluetooth hearing aids market. The report has explored the market players in detail and has tracked their occupancy through an intensity map. Key market players profiled by the report include Widex A/S, GN Store Nord A/S, William Demant Holding A/S, Medtechnica Orthophone, GN ReSound, Eartone, Union Hearing Aid Centre, Starkey Hearing Aids, Siemens Healthcare, Shenzhen Sunsky Technology, Persona, Miracle Hearing Aid Clinic, Beltone, MED-EL, Cochlear, Sonova Holding AG, and Sivantos Pte. Ltd.

According to TMR’s report, the global Bluetooth hearing aids market will register a splendid expansion between the period 2017 and 2026. Global sales of Bluetooth hearing aids are forecast to exceed revenues worth US$ 850 Mn by 2026-end.

Bluetooth Hearing Aids becoming Game Changer with Provision of Highly Sophisticated Features

For hearing impaired patients, burdened by high costs of hearing aids along with unhelpful insurance companies, Bluetooth hearing aids are becoming the game changer with provision of highly sophisticated features. Primary aim of hearing aids has forever been making improvements in speech understanding. In a bid to accomplish this aim, several hearing aid manufacturers have commenced incorporating Bluetooth technology in their advanced hearing aid’s microchips, in order to make speech from devices such as televisions and phones more accessible to the hearing impaired. In addition, built-in microphones in novel Bluetooth hearing aids developed recently enable automatic voice pickup, helping people to make two-way conversations via their hearing aids.

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Developments in Bluetooth hearing aids have enabled multiple devices capable of being paired to a single streamer, which in turn facilitates switching between different devices. A great example of this is the ability of being connected to a mobile phone while streaming a movie in a tablet. Streaming via Bluetooth hearing aids has enabled numerous other benefits to patients such as personalized hearing experience, remote control of hearing aids and standard protocol. Unlike traditional Bluetooth devices, technologically advanced Bluetooth hearing aids deliver customizable amplification for audio streams coupled with better speech understanding in various listening environments.

Bluetooth Hearing Aids Market to Register Fastest Expansion in APEJ

The market for Bluetooth hearing aids is projected to register the fastest expansion in Asia-Pacific excluding Japan (APEJ), trailed by North America. In addition, the market in Europe is projected to record a CAGR nearly equal to that of the market in North America through 2026. However, North America will continue to account for the largest market revenue share during the forecast period. In contrast, Middle East & Africa is anticipated to account for the smallest revenue share of the market during 2017 to 2026.

On the basis of product type, behind-the-ear (BTE) hearing aids are anticipated to remain leading revenue contributor to the global Bluetooth hearing aids market. In-the-ear (ITE) hearing aids and receiver-in-the-ear (RIE) hearing aids will remain fast expanding products in the market. These products are also expected to remain major revenue contributors to the market, trailing the BTE hearing aids.

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Adults Patients to Remain Dominant in the Market

Based on patient type, adult segment will remain dominant in the market, in terms of revenues. More than three-fourth revenue share of the market is poised to be held by adult patients with hearing impairment during 2017 to 2026. However, sales of Bluetooth hearing aids for pediatric patients are slated to register the highest CAGR in the market through 2026.

Hospitals are anticipated to be the largest end-users of Bluetooth hearing aids, with revenues projected to account for roughly half share of the market by 2026-end. Clinics will also remain lucrative end-users of Bluetooth hearing aids. Sales of Bluetooth hearing aids in hospitals and to individuals are slated to record a similar CAGR through 2026.

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The Effects of the COVID-19 Outbreak On Baby Car Seat Market

Transparency Market Research has published a new report titled “Baby Car Seat Market [Product Type - Infant Seats, Booster Seats, Combination Seats, and Convertible Seats; Distribution Channel - Online and Offline  (Supermarkets and Hypermarkets, Specialty Stores, and Others)] – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026”, According to the report, the global baby car seat market is expected to reach a value of US$ 6,223.6 Mn by 2026.

The market is estimated to expand at a CAGR of 5.1% from 2018 to 2026. In terms of volume, the market is anticipated to expand at a growth rate of 4.7% during the forecast period. The baby car seat market in Asia Pacific is projected to expand at the highest growth rate during forecast period. Rise in the number of car accidents involving children is increasing demand for baby car seats. Baby car seats safeguard infants and children from fatality during accidents. Seat belts provided in the car cannot be used for children or infants, as these do not provide adequate safety for infants.

This increases demand for baby car seat during the forecast period from 2018 to 2026. Additionally, changing lifestyle in developing countries has encouraged the adoption of convenience-oriented routines, making baby convenience products desirable, which is likely to increase the usage of baby car seats. This, in turn, is expected to fuel the market. However, the lifecycle of baby car seat is short. This thus is a major restraint of the global baby car seat market. Furthermore, the demand for baby car seat is expected to increase due to the rise in global population and increase in urbanization.

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The baby car seat market has been segmented based on product type, distribution channel, and region. In terms of product type, the market is further divided into infant seats, booster seats, combination seats, and convertible seats. The booster seats segment accounted for the largest share of the market in 2017, followed by convertible seats. The segment is projected to expand at a considerable pace during the forecast period owing to the rise in adoption of these baby car seats. Based on distribution channel, the market has been bifurcated into online distribution channel and offline distribution channel.

The online channel segment is anticipated to expand at the rapid pace during the forecast period owing to the rise in Internet penetration across all regions. E-commerce websites provide products to the customers at their doorstep along with several other facilities. This is increasing the popularity of online platforms among consumers. Online distribution channel is an excellent platform for new parents, as it reduces their shopping efforts. Stringent government laws regarding the use of baby car seats has increased demand for these seats over the last few years. These factors are likely to drive the global baby car seat market during the forecast period. 

Based on geography, Europe dominated the global baby car seat market with more than 30% share in 2017. The region is expected to continue its dominance during the forecast period, followed by North America. The U.S. dominates the baby car seat market in North America, followed by Canada. Stringent regulations regarding children’s safety and rise in the number of car accidents involving children are likely to drive the baby car market during the forecast period.

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Some of the leading players operating in the baby car seat market are UPPAbaby, Renolux France Industries, RECARO Holding GmbH, Newell Brands Inc., Mothercare plc, KiwiBaby, InfaSecure, Jane Group, Goodbaby International Holdings Ltd, Dorel Industries Inc, Cosatto Ltd, Clek Inc, Britax Group Ltd, BREVI SRL, and Artsana Group. These companies engage in research & development activities, mergers & acquisitions, product innovation, and strategic partnerships and agreements with other firms across different regions to strengthen their foothold in the market. For instance, The Mothercare plc’s Corporate Responsibility 2020 ambition to unite with parents to create a better world for the future of the children has been developed to be consistent with and supportive of the company’s vision. 

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Aircraft Lighting Market 2020: Top Impacting Factors, Global Opportunity Analysis by 2026

The demand within the global market for aircraft lighting has been rising on account of advancements in the field of defense and aerospace, finds Transparency Market Research (TMR). The market vendors operating in the global aircraft lighting market have gained key reward points through collaborative functioning. These vendors have been making ardent efforts to ensure a regular inflow of revenues within the global aircraft lighting market in recent times. There is a high possibility of multiple trends and opportunities that could aid the growth dynamics of the global aircraft lighting market. The global market for aircraft lighting is projected to become a lucrative haven in the years to follow. 

The global aircraft lighting market is highly consolidated, and the leading vendors have been exercising substantial control over the market forces. In this scenario, there is little possibility of new vendors experimenting in the global market for aircraft lighting. However, the presence of a seamless industry for aircraft management has given an impetus to the growth of the regional and local vendors.

The market dynamics of the global aircraft lighting market largely depend on the strategies and growth plans developed by the market vendors. Some of the key players in the global market for aircraft lighting are UTC Aerospace Systems, Diehl Stiftung & Co. KG, Honeywell International Inc., and Astronics Corporation. 

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Transparency Market Research (TMR) predicts that the global market for aircraft lighting market shall expand at a sluggish CAGR of 4.6% over the period between 2017 and 2026. The cumulative value of the global market for aircraft lighting is expected to reach US$ 3,300 Mn by 2026-end. On the basis of lighting type, signage light is the most common aircraft light that has gained traction in recent times. Based on geography, the market for aircraft lighting in North America has been expanding at a stellar pace. 

Improvements in the Aviation Industry Push Market Growth 

The manufacture of aircrafts is an immensely meticulous process that involves the use of several intrinsic technologies. This factor has played a key role in the growth of the global market for aircraft lighting in recent times. There is a wide range of opportunities floating in the global aircraft lighting market owing to the increased impetus given on aircraft safety. The wing lights and cockpit lights used in aircrafts are of tremendous value, and this factor has also played a major role in the growth of the global aircraft lighting market. 

Utility of Signage and Reading Lights to Propel Demand 

The demand within the global market for aircraft lighting has been rising on account of the need to increase the reliability of aviation training operations. The demand has been escalating to new heights on account of the utility of signage lights and reading lights. Furthermore, flights that cover different time zones are in greater need for better aircraft lighting systems. This factor has also aided the growth dynamics of the global aircraft lighting market in recent times. Interior lights and position lights are a key component of the aircraft lighting system. 

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The review is based on TMR’s report titled, “Aircraft Lighting Market (Lighting Type - Signage Light, Ceiling & Wall Lights, Reading Lights, Cockpit Lights, Other Interior Lights, Position Lights, Wings & Engine Inspection Lights, Anti-Collision Lights, Landing Lights, Other Exterior Lights; Aircraft type - Small Widebody Aircraft, Medium/ Large Widebody Aircraft, Narrowbody Aircraft, Propeller Aircraft, Helicopter, Defence and Homeland Security Aircraft, Freighters; Fit Type - Retrofit, Inline Fit; Platform Type - Fixed Wing, Rotary) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2026”. 

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Automotive Lubricants Aftermarket Market Application & Specification, Industry Overview, Top Key Regions and Profiles Forecast to 2026

The global automotive lubricants aftermarket was valued around US$ 82 Bn in 2016 and is anticipated to expand at a CAGR of 4% from 2018 to 2026, according to a new report by Transparency Market Research (TMR) titled ‘Automotive Lubricants Aftermarket - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2026.’ Lubricant is a substance that is made up of base fluids and additives. A typical lubricant composition consist of 80% to 90% base oil and the rest is additives, However, this composition is subject to change as per the application. Lubricants are used for their ability to increase the operating lifespan of mechanical parts.

They are used to minimize the friction between parts in contact with each other, thus eliminating wear and prolonging lifespan by Robust economies of countries such as China, India, Brazil, and Middle East have increased disposable income of the population, resulting in higher car ownership.This, in turn, has been augmenting the consumption of automotive lubricants in recent times. Rise in demand for lightweight and high performance vehicles mandates the use of high-quality lubricants. This is a key factor propelling the consumption of automotive lubricants.

Increasing Motorization Rate Coupled with Sales of New Vehicles and Established World Vehicle Fleet

Increase in demand for vehicles due to economic prosperity economy and increasing purchase power have resulted in higher car ownership. The global motorization rate i.e. vehicle ownership per 1000 inhabitants increased to 182 per thousand inhabitants in 2015 as against 178 in the previous year. Europe and North America are mature regions of the market for aftermarket automotive lubricants, with car ownership rates as high as 580 and 680 per thousand inhabitants in 2015. Low penetration of automotive vehicles, particularly in regions such as Latin America, Asia, and Middle East & Africa, presents significant opportunities for the automotive lubricants aftermarket. For instance, the motorization rate in Asia, Africa, and Latin America stood at 105, 42, and 176 per thousand inhabitants, respectively, in 2015. Along with this, accelerating economy, rapid urbanization, and increasing per capita income may compel individuals to own a vehicle. This, in turn, is expected to create an incremental market opportunity for the automotive lubricants aftermarket in the near future.

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Longer Oil Drain Intervals May Dampen Market Expansion, but Increasing Penetration of Synthetic and Semi-synthetic Automotive Lubricants Offers Future Expansion Opportunity

Lubricant oil chemistry and engine technology have evolved tremendously in recent years, resulting in improved engine oil drain interval. During the 1950s, a truck engine oil change would have to be performed for every 500 miles. But those days are gone. Currently, it is possible to achieve an oil drain interval as high as 50,000 miles in heavy duty vehicles. Factors that have resulted in improved oil drain interval include cleaner fuels, higher quality lubricants, more dependable engines, and improved filter technology. The standard oil drain interval is 25,000 miles. However, various factors such as engine design, vehicle age, condition, driving patterns, and oil properties are known to affect the engine oil drain interval. Oil service intervals are pre-determined by engine manufacturers and are designed to provide optimum engine protection within intervals. Majority of the vehicle owner tend to follow these instructions, However, there has been growing trend of lengthening the oil service intervals beyond the OEM specifications. Extended oil drain intervals help fleet owners to reduce their operating and maintenance costs, mainly by keeping cars and trucks on road for longer. Improvement in engine oil drain interval is expected to decrease consumption of engine oils in commercial vehicles. This is anticipated to eventually decrease the consumption of lubricants during the forecast period and may dampen demand for aftermarket automotive lubricants.

A lubricant is a package consisting of base oil and certain additives to improve performance. Although, mineral-based automotive lubricants have been dominating the market due to their reasonable prices, there has been a shift toward the usage of synthetic and semi-synthetic based lubricants. As modern light weight vehicle engines are put under enormous stress, automakers worldwide are shifting toward less viscosity lubricant grades, which require synthetic base oils to meet mandated fuel economy standards and emission requirements. Demand for synthetic lubricants is high in North America and Western Europe. Europe is a prominent consumer of synthetic and semi-synthetic automotive lubricants in the aftermarket. In 2015, fully synthetic lubricants accounted for more than 10% of the market in Western Europe, with semi-synthetics accounting for market share of around 25%. Automakers across the globe are emphasizing on engine downsizing, which requires lower viscosity grade oils. This is likely to present further opportunities for synthetic lubricants over the forecast period.

Engine Oil Segment and Increasing Global Vehicle Count of Passenger Cars Driving Major Chunk of the Revenue

In terms of type, the automotive lubricants aftermarket can be divided into engine oil, gear oil, transmission fluid, and others (including coolants, greases, and brake oil). In terms of volume, the engine oil segment dominated the automotive lubricants aftermarket, capturing more than half of the market share in 2017. This is primarily attributed to the fact that capacity of engine for lubricants is higher than that for gearboxes or axle cylinders. Engine oils require frequent draining and replacement than gear oil and transmission fluid, since they protect the engine from friction wear and tear. Hence, requirement of engine oils is higher than that of gear oil and transmission fluid. In terms of application, the global passenger vehicle count stood at 947,080 thousand units in 2017 against the commercial vehicle count of 335,190 thousand unit for the same year. Hence, the overall automotive lubricants aftermarket, in terms of consumption, is dominated by the passenger cars segment due to the sheer number of existing units.

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Expansion of Automotive Sector Driven by Emerging Nations of Asia Pacific is anticipated to drive the Automotive Lubricants Aftermarket in the Region

In terms of revenue and volume, Asia Pacific dominated the global automotive lubricants aftermarket in 2017, constituting more than 30% market share. The global vehicle fleet count, including passenger cars and commercial vehicles, in Asia Pacific stood at 384,318 thousand units in 2015 against 359,927 thousand unit for the previous year. The vehicle fleet in operation in Asia Pacific is nearly one third of the global fleet. In order to operate and maintain this humongous vehicle fleet, it has to be fed with lubricants at frequent time intervals. Also, some of the countries in the region such as China and India have witnessed a tremendous growth of 15.6% and 9.9% in its passenger vehicle fleet count, which is indicative of promising expansion of the automotive lubricants aftermarket in the region.

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Automotive LiDAR Market Trends, Global Growth, Insights And Forecast Research Report 2026

The global automotive LiDAR (Light Detection and Ranging) market is a highly competitive market with a number of small and large players competing against each other, observes Transparency Market Research in its recent report. Manufacturers prefer using LiDAR technologies as it is considered the most appropriate technology to be used in the autonomous vehicles. Some of the prominent LiDAR manufacturers in the global market are Robert Bosch GmbH, Denso Corporation, Continental AG, ZF Friedrichshafen AG, Magna International Inc., Valeo, and LeddarTech.

According to TMR, the global automotive LiDAR market is projected to cross US$2 bn during the forecast period between 2018 and 2026. The global market is estimated to expand at a healthy CAGR of 35% during the forecast tenure.

 The global automotive LiDAR market is classified on the basis of the sales channel, image projection, location, application, vehicle type, type, and range type. Based on location, bumper and grill segment dominates the automotive LiDAR market in terms of revenue. However, in the initial stage of development roof location was preferred due to the mechanical LiDAR rotating at 360 degrees to detect obstacle and navigate.  Based on geography, Europe was the leading region in 2017. During the forecast period, Europe and North America are considered as the leading regions due to increasing adoption of sophisticated technologies and rising safety awareness among the people.

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Rising Government Initiatives to Ensure Safe Diving Will Boost Demand for Automotive LiDAR

Globally, growing understanding for safe driving for both the driver and the passengers is increasing at a large scale among the users and in regulatory bodies. As the number of road accidents has increased greatly, the need for safe driving vehicles is gaining traction and acting as a prime factor for the growth of this market. To ensure safety while driving, the European New Car Assessment Programme (Euro NCAP) introduces a few prominent modifications to be followed by the manufacturers.

In addition, rising government initiatives to push the demand for vehicles having advanced driver assistance systems have also grown in last few years, that is also acting as growth aggregator for the global automotive LiDAR market. Nowadays, autonomous vehicles have lasers lights in automotive LiDAR that provides accurate and high precision detection for long-range detection on the real-time basis. Moreover, manufacturers are also making continuous efforts in using advanced technologies that will greatly benefit the automotive LiDAR market in the years to come. 

High Cost of LiDAR Systems to Hamper Market Growth

The global automotive LiDAR market has several restraining factors that might slow down the growth of the market. One of the major factors is the high cost of automotive LiDAR systems that may hamper the growth prospects for this market. However, the price has been reduced in the last few years and manufacturers are focusing on cutting down the cost of the laser emitters, but still, it is expensive and is expected to obstruct market growth. Furthermore, additional cost while adopting automotive LiDAR and autonomous vehicles building adaptive surroundings and having regulatory compliant systems for these vehicles to work effectively. Nevertheless, these restraints are not going to last long and the global automotive LiDAR market is will grow in coming years.  

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The information presented in this review is based on a TMR report, titled “Automotive LiDAR Market (Location - Roof, Headlights and Taillights, Bumper and Grill; Application - Adaptive Cruise Control, Automatic Emergency Braking, Semi-autonomous Car, Autonomous Car; Vehicle Type - Passenger Vehicle, Commercial Vehicle; Image Projection - 2D, 3D; Type - Mechanical, Solid State; Range Type - Short Range, Medium & Long Range; Sales Channel - OEMs, Aftermarket) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026.”

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Temperature Controller Market Global Projection, Developments Status, Analysis, Trend and Forecasts

Temperature controller is a device used in a network to maintain the temperature.  It is used to control or maintain temperature without human comprehensive supervision. These are deployed in various research and industrial applications such as preserving food items, heat-treating applications, packaging and production of plastics. In a control system, a controller is given with an input in the form of a thermocouple or RTD. This input is then compared to the set level or the required temperature, regardless of the temperature around. A control component is then supplied with an output. The temperature controller constantly checks the temperature of the medium and adjusts it to the optimal temperature. Various organizations, scientific research companies and institutes are making significant investments in order to obtain efficient temperature controllers and simplify laboratory automation.

Temperature controller market – Competitive Landscape

• In April 2017, Yokogawa introduced an improved version of the network-based STARDOM control system consisting of parts such as HMI and FAST/TOOLSTM SCADA. Monitoring, operation, control, information collection and storage are the main control system applications
• In April 2017, Gefran released a new series of PID controllers that includes three models: 850/1650/1850. This new series offers various integrated functions that reduces the number of devices installed on a machine and also simplifies the configuration, therefore, saves time and money

Omron Corporation

Founded in 1933, Omron Corporation, headquartered in Kyoto, Japan is an electronic company that manufactures and sales electronic equipment and automation components, and is also known for medical equipment such blood pressure monitors, digital thermometers and nebulizers. Omron Oilfield & Marine, subsidiary of Omron Corporation is a provider of AC and DC drive systems and custom control systems for oil and gas and related industries.

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Delta Electronics

Incorporated in 1971, Delta Electronics is based in Neihu, Taipei. Delta Electronics is an electronics manufacturing company. The company also manufactures power management and thermal solutions. As an energy-saving solutions provider with core competencies in power electronics and automation, Delta's business segments include power electronics, automation, and infrastructure. Company offers some of the most energy efficient power products in the industry, including switching power supplies with efficiency, telecom power and PV inverters.

Honeywell International Inc.

Established in 1906, Honeywell International Inc. is a manufacturer of variety of commercial and consumer products, engineering services and aerospace systems for a wide variety of customers, from private consumers to major corporations and governments

ABB Ltd.

Founded in 1836, ABB Ltd. established in 1988, headquartered in Zurich. Switzerland, is a company that operates in electrification, industrial automation, motion, and robotics & discrete automation.

Some of the significant players in the temperature controller market are Eurotherm (Schneider Electric), RKC Instruments, Omron Corporation, Autonics Corporation, Honeywell International, Watlow Electric Manufacturing Company, Panasonic, Hanyoung Nux, Delta Electronics, Yokogawa Electric Corporation, Durex industries, and ABB Ltd. among others.

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Temperature Controller Market - Dynamics

Introduction of Hybrid Temperature Controller and Various Advantages offered By Temperature Controller is driving the Global Market Growth

Factors such as communication capacity in temperature controllers and the introduction of a hybrid temperature controller as an option to a PLC machine is expected to drive the development of the temperature controller industry. Companies use instruments such as artificial intelligence, cognitive skills in machine learning, and architectural instruments to save time, money and minimize the human error. In industrial environments, accurate control of these variables is critical as it increases product quality while allowing automation, allowing smaller employees to monitor and control complicated procedures from a key place. Increasing deployment of temperature controllers is observed due to its comprehensive use in various sectors such as oil & gas, petrochemicals, food, etc.

There are many advancements in temperature controllers such as the reduction in the size of controllers and in communications it is the ability of the temperature controllers to control them remotely. These features of temperature controllers will significantly contribute to the growth of the global industrial temperature controllers market during the forecast period. However, there are some limiting factors for the temperature controller industry, such as increasing worldwide price rivalry, slowdown in the worldwide economy, and competition in technology. The global temperature controller market has some evolving trends such as display trend charts and allow data logging, miniaturization of temperature controllers and use of software to maintain the data which are expected to boost the market growth in coming years.

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