Next Generation Military Power Supply Market: New Sales and Industying Trends in 2020-2024

According to a latest market report titled “Next Generation Military Power Supply Market,” published by Transparency Market Research  the global next generation military power supply market is expected to reach value of US$ 20,111.7 Mn by 2026, expanding at a CAGR of 5.2% during the forecast period, 2018 to 2026. According to the research study, North America held approximately 39.3% of the global market share in 2017. This is mainly due to development of advanced military power supply systems as well as early adoption of COTS (commercial off-the-shelf) software. Also, growing need to protect sensitive data from grid power instability and downtime issues is anticipated to significantly drive the global next generation military power supply market.

Demand for unique features in military power supply systems such as increased ruggedness, durability, and reliability, and growing demand for longer mean time between failure and adoption of COTS technology driving the global next generation military power supply market 

Some of the major factors favoring the growth of the global next generation military power supply market include rising trend of incorporating digital power management and control solutions in military power supply products. Further, the power supply equipment replacement cycle is getting shorter. The military sector is responsible for safeguarding sensitive data such as information related to national security, weapons, defense systems, strategies etc.

The need to protect sensitive electronic devices from grid power quality instability is increasing significantly. Adopting smart grid systems & renewable energy sources can improve grid reliability. Smart grid technology in power supply systems can improve the amount of uneven renewable generation in power systems. Smart grids stimulate energy saving in power supply systems by improving the utilization efficiency and power consuming efficiency. Also, increase in use of equipment demanding higher voltage is paving the way for new market opportunities. 

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Next Generation Military Power Supply: Scope of the Report

The global next generation military power supply market has been segmented by type, component, system type, and end-use. Based on type, the market is segmented into programmable and non-programmable segments. According to TMR analysis, the programmable power supply segment holds the maximum market share and is estimated to expand at a CAGR of 5.5% through 2026. This is mainly due to increasing application areas of programmable power supply components in the military sector. Based on component, the global next generation military power supply market is categorized into hardware and software.

The hardware segment is further sub segmented into DC/AC convertor, AC/DC convertor, DC/DC convertor, EMI filters and others (inductors, transformers, etc.). Among components, the hardware segment holds the largest share and is anticipated to show a CAGR of about 5.2%. By hardware, AC/DC convertor segment is anticipated to contribute significant market revenue share, expanding at a CAGR of 6.1 % and it is anticipated to remain dominant during the forecast period. On the basis of system type, the market is segmented into discrete power supply system and integrated power modules.

According to the research study, due to better reliability and power density compared to discrete power supply system, the market share of integrated power modules is anticipated to increase at a CAGR of 5.9%. Based on end-use, the global next generation military power supply market is segmented into aerial, land, and naval. The land segment is anticipated to grab maximum market share in 2017 while the aerial segment is projected to show lucrative growth during the forecast period at a CAGR of 5.7%. This is mainly due to legislation regarding pollution control which demands better fuel efficient aerial military vehicles and the development of advanced military aircrafts and vehicles in the military power supply market.

The geographical segmentation of the market comprises North America, Europe, Asia Pacific, Middle East & Africa, and South America. According to TMR analysis, currently the next generation military power supply market is dominated by North America followed by Europe. However, Asia Pacific is projected to witness fastest growth during the forecast period due to ongoing technological innovations in the military power supply market.

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Global Next Generation Military Power Supply: Competitive Dynamics

The research study includes profiles of leading companies operating in the global next generation military power supply market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, recent developments, and SWOT analysis. Some of the key players operating in the next generation military power supply market are XP Power, Advanced Conversion Technology, Eaton Corporation, Aegis Power System, Inc., TDK-Lambda Americas, Inc., Abbott Technologies, AGMA Power Systems Ltd., Mitsubishi Electric Corporation, Energy Technologies Inc., Synqor, Inc., AJ’s Power Source Inc., Prime Power Inc., Powerbox International AB, Milpower Source, Astrodyne TDI Power Supplies & EMI Filters among others. Various business strategies are being adopted by market leaders. Also, companies are focusing on expanding their business by developing strategic partnerships, product portfolio diversification, and by offering innovative solutions to the end-use market. 

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Industrial Touchscreen Display Market: Top Trends to Look for in 2020-2026

The global industrial touchscreen display market was valued at US$ 835.3 Mn in 2017 and is projected to expand at a CAGR of over 6.5% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled ‘Industrial Touchscreen Display Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.’ Growth of the market is primarily attributable to advancements in technology and increase in the need to enhance end-user experience. Moreover, high demand for industrial touchscreen displays across industries such as automotive manufacturing and food & beverages is expected to propel the global industrial touchscreen display market during the forecast period. 

The global industrial touchscreen display market has been segmented based on touchscreen type, component, end-use industry, and region. Based on touchscreen type, the market has been divided into resistive, capacitive, surface acoustic wave, infrared, and others (including optical imaging and near-field imaging). In terms of component, the market has been categorized into hardware and software. The hardware segment has been sub-divided into display, touch sensor, and controller.

In terms of end-use industry, the market has been classified into oil & gas, chemical, food & beverages, mining & metal, automotive, and others (including rubber, plastics, and paper & pulp). Based on geography, the global industrial touchscreen display market has been segregated into North America, Asia Pacific, Europe, Middle East & Africa, and South America.

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Automotive segment expected to hold a prominent share

Among end-use industries, the automotive segment is anticipated to constitute a significant market share in 2017. The segment is expected to be driven by rising demand for next-generation touchscreen display panels that can withstand harsh environments. This can be further attributed to the rising demand for custom touch panels with full display enhancements such as sunlight readability and custom rugged cover glass with logos and graphics.

Europe holds a leading market share

In terms of geography, the global industrial touchscreen display market has been classified into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Europe is anticipated to hold a leading share of the global market during the forecast period, followed by North America and Asia Pacific. This is primarily due to technological advancements in the region. Furthermore, presence of a large number of manufacturers of display panels in North America has made it a prominent region of the global industrial touchscreen display market.

Moreover, transformation of computing platforms and digitalization is an increasing trend that the industrial touchscreen display market is likely to witness in the next few years. Manufacturers are integrating commercial PC technologies to provide customized solutions for users. This is achieved by incorporating the latest-technology solutions and control automation methods into commercial products, manufacturing equipment, and test stations. Moreover, the market in Asia Pacific is projected to expand rapidly between 2018 and 2026, due to ongoing technological innovations in the region. The market in Middle East & Africa is estimated to witness moderate growth from 2018 to 2026. The market in South America is expected to witness sluggish growth during the forecast period.

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The research study includes profiles of leading companies operating in the global industrial touchscreen display market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. Parameters such as investments in and spending on industrial touchscreen displays and developments by major market players have been tracked. Some of the key players operating in the global industrial touchscreen display market are Advantech Co., Ltd, Cypress Semiconductor Corporation, Dell, Inc., B&R Industrial Automation GmbH, Elo Touch Solutions, Inc., Fujitsu Ltd., Hewlett Packard Enterprise, LG Electronics, Panasonic Corporation, Planar Systems, Kontron AG, Schneider Electric S.E., Siemens AG, Beckhoff Automation GmbH & Co. KG, Captec Ltd., and American Industrial Systems.

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Sound Sensor Market: Deep Company Profiling of Leading Players 2020-2026

The global sound sensor market was valued at US$ 1,270.3 Mn in 2017 and is projected to register a compounded annual growth rate (CAGR) of over 6% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled ‘Sound Sensor Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.’ The report suggests that rising significance of security and surveillance systems across the globe, increasing demand for voice recognition systems, and growing use of sound sensors in several medical applications are likely to augment the demand for sound sensors from 2018 to 2026.

Since key players are introducing innovative sound sensors in developed markets such as North America, Europe, and Asia Pacific, these regions are likely to account for a leading share of the global sound sensor market during the forecast period. Rising investments in smartphone and automotive technologies and industrial automation across emerging markets such as China, Japan, South Korea, and India are likely to boost the sound sensor market in Asia Pacific from 2018 to 2026. 

Working limitations of sound sensor to hamper the sound sensor market

Sound sensors including ultrasound, acoustic, and audio sensors come with several advantages such as high sensitivity and ability to function across numerous industrial as well as medical applications. However, sound sensors have certain limitations as well. Ultrasound sensors cannot be used in vacuum, as sound waves require air as a medium for transmission. Moreover, these sensors may not function in any type of liquid medium. Thus, sound sensors need to be selected by considering all these limitations. Additionally, sensing ability of certain sound sensors is affected by soft edges of any surface as well as a certain level of temperature. These limitations of sound sensors are likely to hinder the global sound sensor market, with a medium-level impact, in the near future. 

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Sound sensor is significantly adopted by the consumer electronics sector

In terms of application, the global sound sensor market has been segmented into health care, automotive, consumer electronics, security & surveillance, industrial, and others. The others segment comprises aerospace and chemical. In the consumer electronics industry vertical, sound sensors are used largely in smartphone devices for object detection, as a microphone, and as a fingerprint scanner. Technologically advanced, new-generation sound sensors i.e. ultrasonic sensors are replacing optical-proximity sensors, thereby improving the smartphone design. Several manufacturers are coming up with innovative ultrasonic sound sensors to be incorporated in a large number of smartphones. For instance, Qualcomm Incorporated, a semiconductor company, announced the launch of an innovative in-display fingerprint sensor in 2018. This sensor is based on the new 3D and ultrasonic sensor technology that uses sound waves to collect fingerprint data. Furthermore, the device is capable to read fingerprints contaminated by water or oil. 

Asia Pacific to continue to hold a major share of the global sound sensor market

Asia Pacific is expected to hold a major share of the global market for sound sensors during the forecast period. Leading share of the region is primarily attributable to strong presence of well-established players across the region, especially in prominent economies such as China, Japan, and South Korea. Governments of China and Japan are investing heavily in smartphone and semiconductor technologies. Furthermore, the automotive industry in Asia Pacific is expanding prominently, owing to the increasing demand from Japan and China. Asia Pacific is home to several well-established players that manufacture sound sensors including Badger Meter, Inc., OMRON Corporation, Murata Manufacturing Co., Ltd., Benthowave Instrument Inc., and numerous emerging and smaller players.

Moreover, Asia Pacific is witnessing high adoption of sound sensors, due to continuously increasing industrial automation and growing automotive industry in the region, which uses sound sensors significantly. Several manufacturers in the region are focusing on enhancing the quality of their products, showcasing their products by participating in several trade shows, and focusing on customer satisfaction. For instance, OMRON Corporation offers high-quality and technologically advanced industrial automation solutions including ultrasonic sensors. The company also provides customer support for its products. Additionally, the company conducts customer satisfaction surveys in various countries, on a regular basis, to identify and analyze customer requirements. 

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Key players such as Siemens AG, STMicroelectronics, Murata Manufacturing Co., Ltd., Robert Bosch GmbH, and TE Connectivity Ltd. to lead the global sound sensor market

The report includes profiles of well-established players operating in the global sound sensor market. These include Siemens AG, STMicroelectronics, Murata Manufacturing Co., Ltd., Robert Bosch GmbH, and TE Connectivity Ltd. These players are focusing on providing high flexibility to their customers in terms of buying products. In 2018, TE Connectivity Ltd. launched its innovative online store called ‘TE Store,’ which provides customers with an option to buy TE products such as connectivity solutions and sensors directly. The online store offers a high level of flexibility to customers, as they can easily compare and buy products of various companies from TE Store.

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Light Sensor Market: Growth Opportunities to Tap into in 2020-2027

According to a new market research report pertaining to the light sensor market, published by Transparency Market Research the global light sensor market is expected to reach value of US$ 2,435.9 Mn by 2027, expanding at a CAGR of 8.2% from 2019 to 2027. According to the report, the market would continue to be influenced by a range of macroeconomic and market-specific factors. In terms of demand, Asia Pacific would continue to lead the global market, with the market in the region expanding at a CAGR of 9.4% from 2019 to 2027. China, India, Japan, and South Korea are anticipated to be major contributors to the light sensor market in Asia Pacific during the forecast period.

Rising adoption of smart home technology driving the global light sensor market

Light sensors convert light input into the corresponding electric output. Light sensors are used in different types of end-use applications such as automatic brightness control in electronic devices, automatic street lighting, signal control system, and smart home devices. Use of light sensors helps in minimizing the power consumption of devices. 

The light sensors market is recently gaining traction, due to increasing demand for consumer electronics products such as mobile phones, tablets, smart watches, and televisions worldwide. Moreover, smart home devices are increasingly adopting light sensors. This is likely to fuel the global light sensor market in the next few years. Across the globe, light sensor manufacturers are increasing their investments in the light sensor market in order to meet the increasing demand from various industry verticals such as consumer electronics, smart homes, automotive, health care, agriculture, and transportation. 

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Global Light Sensor Market: Scope of Report

The global light sensor market has been broadly segmented in terms of type, application, end-use industry, and geography. Based on type, the global light sensor market has been segmented into photo conductive cells, photo voltaic cells, and photo junction diodes. In terms of revenue, the photo conductive cells segment accounted for a major market share of more than 40% in 2018. The segment is anticipated to expand at a CAGR of 9.0% during the forecast period. In order to fulfill the global demand, various manufacturers of light sensors are focusing on research and development activities on a regular basis in order to find advanced applications of light sensors.

Light sensors are used in different types of power- and energy-saving applications as well as energy conservation solutions. Increasing population and rising demand for smart electronics devices are expected to propel the demand for light sensors during the forecast period. Light sensors are cost effective and easy to operate. They have low maintenance costs. 

Based on application, the light sensor market has been segregated into placement detection, brightness control, security, planning & agriculture, and others. In terms of revenue, the brightness control segment held the maximum market share in 2017. In addition to this, in terms of both value and volume, the brightness control segment is expected to expand at the maximum CAGR during the forecast period. Based on end-use industry, the light sensor market has been classified into consumer electronics, automotive, aerospace & defense, energy & power, healthcare, transportation, and others. In terms of revenue, the consumer electronics segment accounted for a major market share of more than 30.0% in 2018 and it is anticipated to expand at a CAGR of 8.9% during the forecast period. 

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As per TMR analysis, Asia Pacific accounted for a leading i.e. more than 35% share of the global light sensor market, in terms of both revenue and volume, in 2018. The Asia Pacific light sensor market is primarily driven by increased investments in modernizing of the infrastructure and risen urban population, especially in developing economies such as China and India. The global light sensor market is expected to witness further modifications, innovations, and advancements in light sensors in the near future, as several leading manufacturing companies are investing in research and development activities. 

Global Light Sensor Market: Competition Dynamics

The research study includes profiles of leading companies operating in the global light sensor market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. Some of the key players operating in the light sensors market are Vishay Intertechnology Inc., STMicroelectronics, Texas Instruments, AMS AG, On Semiconductor, Broadcom, Maxim Integrated, Everlight Electronics Co., Ltd., Osram Opto Semiconductors GmbH, Sharp Corporation, and ROHM Semiconductor. Various business strategies are being adopted by market leaders. Companies are focusing on expanding their business by developing strategic partnerships and offering innovative solutions. 

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Crawler Camera System Market | Size, Share, COVID – 19 Outbreak and Forecast to 2027

According to a new market research report published by Transparency Market Research the global crawler camera system market is expected to reach value of US$ 187.6 Mn by 2027, expanding at a CAGR of 3.6% from 2019 to 2027. According to the report, the market would continue to be influenced by a range of macroeconomic and market-specific factors. In terms of demand, North America is likely to continue to lead the global market, with the market in the region expanding at a CAGR of 3.8% from 2019 to 2027. The U.S. is anticipated to be a major contributor to the crawler camera system market in North America during the forecast period.

Rising Adoption of Crawler Systems in Pipeline Inspections Driving the Global Crawler Camera System Market

Crawler camera systems used in pipeline inspections employ a number of approaches to provide the desired information. These systems have the capacity to detect deposits, corrosion, and cracks in pipelines. In recent times, inspection by using crawler camera systems has become popular. In addition to this, these systems are portable in nature. They are equipped with CCTV cameras and internal batteries, which provides ease of access to any remote location. Crawler camera systems do not require dedicated trucks or complicated systems for pipe inspection. Manufacturers of crawler camera systems worldwide are continuously investing in and adopting new, technology-based cameras and lighting systems in order to improve the efficiency of crawler camera systems. These systems are employed in different end-use applications such as municipal, residential, commercial, and industrial.

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The crawler camera system market has been recently gaining traction, due to increasing demand for remote-operated inspection systems across the world. Crawler camera systems are being widely adopted in manufacturing, industrial, petrochemical, and residential applications, as they offer efficient and rapid inspection of pipelines. This is likely to fuel the global crawler camera system market in the next few years. Manufacturers of crawler camera systems across the globe are increasing their investments in crawler camera systems in order to meet the increasing demand from various applications such as drain inspection, pipeline inspection, and tank, void, cavity or conduit inspection. 

Global Crawler Camera System Market: Scope of Report

The global crawler camera system market has been broadly segmented in terms of component, application, end-use industry, and geography. Based on component, the market has been segmented into camera, crawler, cable & cable drum, control units, and others. In terms of revenue, the camera segment accounted for a major share of more than 34% in 2018. The segment is anticipated to expand at a CAGR of 4.0% during the forecast period. In order to fulfill the global demand, various manufacturers of crawler camera systems are focusing on research and development activities on a regular basis in order to invent advanced applications of crawler camera systems. 

Based on application, the global crawler camera system market has been segregated into drain inspection, pipeline inspection, and tank, void, cavity or conduit inspection. In terms of revenue, the pipeline inspection segment held the maximum market share in 2018. In addition to this, in terms of both value and volume, the pipeline inspection segment is expected to expand at the maximum CAGR during the forecast period. Based on end-use industry, the market has been classified into residential, commercial, industrial, and municipal. In terms of revenue, the municipal segment accounted for a major market share of more than 40.0% in 2018 and it is anticipated to expand at a CAGR of 3.9% during the forecast period.

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As per TMR analysis, North America accounted for a leading i.e. more than 45% share of the global crawler camera system market, in terms of both revenue and volume, in 2018. The market in the region is primarily driven by increased investments in modernizing of infrastructure and rise in awareness about pipeline inspection in the region. The global crawler camera system market is expected to witness further modifications, innovations, and advancements in crawler camera systems in the near future, as several leading manufacturers are incorporating value-added components into their existing products.

Global Crawler Camera System Market: Competition Dynamics

The research study includes profiles of leading companies operating in the global crawler camera system market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. Some of the key players operating in the global crawler camera system market are AM Industrial (UK) Ltd., CUES Inc., Deep Trekker Inc., Inuktun Services Ltd., iPEK International GmbH, Kummert GmbH, Mini-Cam Ltd., Rausch Electronics USA, LLC, Subsite Electronics, and INSPECTOR SYSTEMS Rainer Hitzel GmbH. Various business strategies are being adopted by leading market players. Companies are focusing on expanding their business by developing strategic partnerships and offering innovative solutions.    

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LED Lighting Drivers Market Trends and Dynamics, Drivers, Competitive landscape and Future Opportunities

According to a new market research report published by Transparency Market Research, titled ‘LED Lighting Drivers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027,’ the global LED lighting drivers market was valued at US$ 6,775.3 Mn in 2018 and is expected to expand at a CAGR of 18.0 % from 2019 to 2027, to reach value of US$ 29,313.6 Mn by the end of the forecast period.

Rising adoption of LED lighting products across the globe to fuel the market

In order to reduce energy consumption, LED lights are increasingly being adopted across the world. LED lights are rapidly penetrating the global general lighting industry. They hold a large share of the global electricity consumption. LED lighting drivers are expected to witness significant increase in the demand in the next few years, owing to advantages offered by this green, energy-saving, emerging technology. Currently, most industrial premises and buildings worldwide are using conventional lighting bulbs; however, advancements and innovations in the field of applied LED lighting technology in the next few years are likely to revolutionize the energy consumption pattern of these premises and buildings in the near future. Also, the rising level of digitization in industries is expected to propel the global LED lighting drivers market during the forecast period.

Increasing focus on improving the energy efficiency to fuel the market

Traffic & outdoor lighting has been one of the early adopters of the LED lighting technology. Use of LED lighting helps in reducing the energy consumption, resulting in decrease in expenses. Traffic & outdoor lighting includes street lights, roadway lighting, and tunnel lighting. Additionally, increasing demand for LED lighting for residential purposes led by high electricity saving is a key factor responsible for growth of the residential segment of the LED lighting drivers market. Thus, increasing focus on improving the energy efficiency across the world is anticipated to have a positive impact on the global LED lighting drivers market in the next few years.

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Constant current segment to hold a major market share

Based on driving method, the global LED lighting drivers market has been segmented into constant voltage and constant current. The constant current segment accounts for a major market share, as constant-current LED lighting drivers are widely used in various applications to maintain constant current at a variable voltage. The constant current segment is expected to expand at a rapid pace throughout the forecast period.

Residential segment to account for a significant market share

Based on application, the global LED lighting drivers market has been segmented into residential lighting, office lighting, commercial lighting, industrial lighting, city lighting, automotive lighting, sports facilities lighting, entertainment lighting, horticulture lighting, and others. The residential segment held the major market share in 2018. This is attributable to increased installation of LED lamps and luminaires in home spaces. In terms of revenue, the segment was valued at US$ 2,204.7 Mn in 2018. 

Asia Pacific to hold a major market share

In terms of geography, the global LED lighting drivers market has been divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. In 2018, Asia Pacific accounted for a leading market share, followed by Europe. This was attributable to growth of the real estate industry, increased investments in research and development, and risen infrastructure spending in the region. The market in the region was valued at US$ 3,049.9 Mn in 2018. 

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Key players focusing on expanding their footprint worldwide and gain a competitive edge

Key players operating in the global LED lighting drivers market are focusing on the development of new products and their introduction in the market to gain a competitive edge over other players and improve their brand positioning in the market. For instance, in March 2018, Philips Lighting announced the launch of a new Internet of Things (IoT) platform called ‘Interact’. This platform would enable customers to unlock the potential of connected lighting for the IoT.

This move would help the company better position itself in the global LED lighting drivers market. Furthermore, major market players are engaged in forming strategic alliances with peers and less-established players in order to gain a higher market share. Key players operating in the global LED lighting drivers market are Mean Well Enterprises Co. Ltd., Cree, Inc., Inventronics Inc., Tridonic GmbH & Co KG, Signify Holding, Delta Electronics, Inc., Osram GmbH, and Harvard Technology Ltd.

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Thermal Market by Types, Demand, Top Manufacturers and Application in Grooming Regions

The demand within the global thermal market are growing at the back of advancements in the field of automotive engineering. The thermal market encompasses a wide array of services that hold relevance for multiple industries. The wide-scale application of thermal procedures such as cooling control and heat transfer is a key dynamic of market growth. Testing and analysis of machinery used in the industrial sector necessitates deployment of thermal technologies. This factor, coupled with the growth of key end-user industries, has generated tremendous demand within the global market. 

The electronics and semiconductors industry is amongst the most prominent consumers of liquid cooling systems. Irregulated heating of electronic devices can substantially affect the performance of the devices. Furthermore, manufacturing of electronic devices follows a robust pathway that involves testing and retesting of electronic parts. Several thermal technologies are used while manufacturing semiconductors for high-end equipment. Henceforth, it is safe to predict that the global thermal market would tread along a lucrative path in the years to follow. The automotive industry has lately become a matter of international debate and discussion. The knowledge of commoners about automotive manufacturing has improved by a several bounds. This factor has directly impacted the growth of the global thermal market in recent times.  

Improved Safety Standards

The US government has instituted key safety standards to protect the residential sector from the dangers of heating equipment. Heating equipment is amongst the leading causes of home fire deaths across the US. Hence, the development of safer and more resilient heating equipment has created new opportunities for growth across the global market. The market players are expected to align their operational synergies with the demands and requirements of the end-users. 

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Transparency Market Research, in one of its reports, predicts that the global thermal market would shrink at a negative CAGR of -5% over the period between 2019 and 2027. Although the total value of this market is predicted to plummet by the end of the forecast period, the market still endows lucrative opportunities for growth. Based on regions, the demand within the North America thermal market is slated to rise at a stellar pace. 

Use of Thermoelectric Devices across Multiple Industries

The aerospace and defense sector is amongst the most investment-heavy industries in the region. Use of thermal interface materials and heat transfer components has become a key trend across the defense sector. This factor, coupled with the growing relevance of thermoelectric devices, in multiple industries has aided market growth. Furthermore, the energy sector has also encapsulated distinct technologies that necessitate the presence of thermal cooling devices. Henceforth, the huge amount of revenues in the energy sector are expected to trickle down to the global thermal market in the years to follow. 

Advancements in Healthcare Manufacturing 

The contemporary-day healthcare industry is characterised by the presence of several new technologies. The use of electronic health devices and equipment has increased by leaps and bounds. The need for safety and resilience across the wide pool of technologies within healthcare has driven market demand. Furthermore, metallic engineering is also a key area that uses heat transfer components. 

Some of the leading vendors operating in the global thermal market are Polyscience, SMC Corporation, Radian Thermal Products, Subros Limited, Thermal Engineering Systems, Thermal Care, Inc., and Thermo Fisher Scientific. These vendors are expected to focus on expanding their consumer base to new industries. 

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The review is based on TMR’s report titled, “Thermal Market (Product: Liquid Cooling Systems, Thermoelectric, Heat Sinks, Compressors, Heating Equipment, Cooling Equipment, Thermal Interface Materials (TIMs), and Heat Transfer Components; and End-use Industry: Aerospace & Defense, Automotive, Chemicals & Petrochemicals, Consumer Electronics, Energy & Utilities, Food & Beverages, Healthcare, Heavy Metals & Machine Manufacturing, IT & Telecommunications, Oil & Gas, Paper & Pulp, Semiconductors & Electronics, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027”.

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