Process Analyzer Market: Key Strategies to Use to Dominate Globally 2020-2024

Competition in the global process analyzer market is likely to increase, as leading players are using different strategies to strengthen their position in the market, observes Transparency Market. These players are also investing heavily in research and development activities to develop new and advanced products that will help them gain larger share in the market. Owing to these facts, the global process analyzer market is high fragmented.

Few players such as Emerson Electric Co. held 26.1% share in 2015 and influenced the market to a certain extent. Due to this, other companies such as Yokogawa Electric Corporation, ABB, Ltd., and Modcon System Ltd. also started adopting different strategies to gain higher share in the market. Apart from organic growth strategies, these players are also focusing on inorganic growth strategies like getting a technological advantages and offering cost-effective products.

Depending on these strategies along with few other factors, the global process analyzer market is undergoing various changes. These changes have also influenced the revenue of this market. In 2015, the global process analyzer market was estimated at US$5.29 bn. this figure is expected to reach US$11.50 bn by the end of forecast period in 2024. Over the projected tenure between 2016 and 2024, the market is likely to rise at 9.1% CAGR.

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Based on the foam factor, the demand for standard process analyzer is comparatively high than other foam factors. Increasing demand for organic materials that helps in reducing production expenses had a positive impact in growing this segment. Second highest demand is for rack mount process analyzer. Based on geography, Asia Pacific is projected to lead the market, due to higher growth opportunities created in countries like China, India, and Japan. Regional market in emerging economies in untapped as compared to developed economies in Europe and North America, therefore, there is a higher scope of growth in developing regions.

The demand in the global process analyzer market is increasing due to increasing emphasis on water and wastewater treatment. Moreover, rising inclination towards renewable energy might expand growth and create new growth opportunities for producers operating in this market. Manufacturers are making technological up gradation with which they are developing more cost-effective process analyzers. In addition, they are also developing better designs and performance of process analyzer. Thus, these initiatives are expected to provide a fillip in the global process analyzer market.

Furthermore, rapid industrialization is another driving factor that will accelerate growth in this market. Strict regulations policies imposed by government to ensure better production and quality of food and beverages also require high amount of process analyzer. Testing of food and beverage has become an essential part that has further boosted growth in the global process analyzer market.

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Lack of Maintenance of Installed Analyzers Threatening Market Performance

The global process analyzer market is likely to grow at a considerable rate, but there are few restraining factors that might hinder growth in this market. Shortage of skilled professionals is one of the major restraining factors challenging growth in the global process analyzer market. High installation and maintenance cost of process analyzer is also projected to hamper growth in thew global process analyzer market. Moreover, lack of maintenance of the installed analyzers might obstruct growth of process analyzer. This is mainly because process analyzer (liquid) constantly monitors various liquid parameters involved in a manufacturing process. With these analyzers, the production risks can increase if they are not maintained properly and transmit unpredictable data, causing high production costs and hold-up delivering results.

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Target Drone Market: Top Trends to Look for in 2020-2026

The global target drone market was valued at US$ 3,156.7 Mn in 2016 and is projected to register compound annual growth rate (CAGR) of over 10.02% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled “Target Drone Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.” The report suggests that rising use of target drones across defense forces and higher applications as compared to manned aerial vehicles is likely to spur the demand for target drones in the coming years (2018 to 2026).

As key players introduce new target drones in developed markets such as North America, Europe, and Asia Pacific, these regions are likely to account for dominant share of the global target drone market. Increasing popularity of the target drone, especially across economies such as China, Japan, and India along with the increased spending on defense systems and technologies in these countries, and presence of companies that produce target drones is likely to drive the Asia Pacific target drone market at a growth rate of around 10% from 2018 to 2026.

Malfunction of a target drone can be fatal for the people present in the vicinity during testing or training of any combat mission system. Several target drone accidents have been reported in the past, causing fatalities. For instance, in 2013, in Florida, a large “QF-4” target drone crashed at the Tyndall Air Force Base. In 2014 as well, a target drone crashed in Holloman Air Force Base in New Mexico. Another target drone malfunctioned and collided with a guided missile cruiser during training in California, causing slight injuries.

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These malfunction incidents are raising questions on the reliance of aerial target military aircraft. However, well-established players are installing technologically superior systems in target drones to minimize and address this concern. For instance, in 2017, The Boeing Company announced that it will produce novel target drones named “QF-16” which include features such as a flight termination system that will destroy the drone in case of any technical error or in an out of control situation.

Internal combustion engines are significantly adopted by companies producing target drones around the globe

On the basis of engine type, the target drone market is segmented into internal combustion engine, jet engine, and others. Internal combustion engine segment is expected to hold a market share of 47.65% in 2026 and expand at a CAGR of over 9% during the forecast period. The significant CAGR is because of the increasing popularity of various types of jet engines due to their prominent power-to-weight ratio compared to other engines. Furthermore, jet engines provide higher speed for the target drones. Companies including The Boeing Company and many more are using jet engines in their target drone named as QF-16 because of all these benefits.

North America is the leading contributor to the target drone market

In terms of value, North America was the leading contributor to the global target drone market in 2017. The contribution is primarily because of the booming target drone marketplace due to significant defense spending along with the presence of well-established players across the region, especially across the U.S. Furthermore, North America is home to many well-established players from the target drone domain including AeroTargets International, The Boeing Company, Griffon Aerospace, and Kratos Defense & Security Solutions, Inc. Many North American companies are trying to improve the performance of their multiple target drones business units. For instance, in May 2018, Kratos Defense & Security Solutions, Inc. announced that its Unmanned Systems Division has received a contract of approximately US$ 38 million pertaining to the unmanned aerial drone aircraft. Furthermore, in May 2018, the company announced that its Kratos Defense & Rocket Support Services Division has been awarded the Aerial Target Systems 2 contract.

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Key Players such as The Boeing Company, Lockheed Martin Corporation, Northrop Grumman Corporation, and Kratos Defense & Security Solutions, Inc. are likely to lead the global target drone market

The Boeing Company, Lockheed Martin Corporation, Leonardo S.p.a., Northrop Grumman Corporation, and Kratos Defense & Security Solutions, Inc. are some of the major players operating in the target drone market profiled in this study. Various players are focusing on the development of novel and highly advanced target drones. For instance, in 2017, Leonardo S.p.a. introduced its aerial target drone named “Mirach-40” to the market at the Paris Air Show. The novel aerial target drone is designed to provide medium-to-high performance at a reasonable price compared to its competitors. Furthermore, it also supports armed forces training by simulating a range of airborne threat targets.

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Intelligent Electronic Devices Market: Deep Company Profiling of Leading Players 2020-2026

According to a new market research report, published by Transparency Market Research the global intelligent electronic devices market is expected to reach value of US$ 19.31 Bn by 2026, expanding at a CAGR of 6.2% from 2018 to 2026. According to the report, the market is likely to continue to be influenced by a range of macroeconomic and market-specific factors in the next few years. In terms of demand, Asia Pacific is projected to lead the global market during the forecast period. The market in the region is likely to expand at a CAGR of 7.7% from 2018 to 2026. China, India, and Japan are expected to be major contributors to the intelligent electronic devices market in Asia Pacific during the forecast period.   

Focus on Reducing T&D Losses

An intelligent electronic device (IED) is a device that is added to an industrial control system to enable advanced power automation. Constantly rising efforts to reduce T&D losses and high use of IEDs such as control circuit breakers, capacitor bank switches, and voltage regulators for the purpose of power fault detection in multiple industrial processes are expected to drive the global intelligent electronic devices market in the near future.

Additionally, rising need for substation automation solutions in the solar industry and increasing demand for retrofitting of conventional substations are likely to impact the market in the next few years. The factor is also expected to create lucrative opportunities for manufacturers of intelligent electronic devices in the next few years. Moreover, intelligent electronic devices has become an important topic for scientists to research in. Furthermore, rising deployment of smart grids and favorable initiatives taken by government bodies are expected to propel the demand for intelligent electronic devices in the next few years.

Global Intelligent Electronic Devices Market: Scope of Report  

The global intelligent electronic devices market has been broadly segmented in terms of type, application, end-use industry, and geography. Based on type, the market has been segregated into digital relay, voltage regulator, protection relay, circuit breaker controller, load tap changer controller, recloser controller, capacitor bank switch, and others. Among types, the digital relay segment accounted for a major market share of more than 30.0%, in terms of revenue, in 2017. The segment is anticipated to expand at a CAGR of 6.5% during the forecast period. In order to fulfill the global demand, various manufacturers of intelligent electronic devices are currently focusing on research and development activities on a regular basis in order to invent advanced applications of these devices.

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With growing urbanization and industrialization, the need for distribution systems that can function in harsh environments and occupy less space has been rising. IEDs such as PLCs, smart meters, and digital relays are optimal for use in substations, which creates significant potential for the growth of the global intelligent electronic devices market. In addition, rising urbanization is augmenting the demand for intelligent electronic devices suitable for use in harsh environments. This is likely to boost the demand for IEDs such as PLCs, load tap controllers, and digital relays in the next few years.

Based on application, the global intelligent electronic devices market has been segregated into mass transit system, traction signaling & control system, water supply & management system, automation, and condition monitoring. In 2017, the automation segment accounted for the maximum market share and is expected to maintain its dominance throughout the forecast period. On the other hand, the water supply & management system segment is anticipated to expand at the maximum CAGR of 6.7% during the forecast period.

In terms of end-use industry, the intelligent electronic devices market has been classified into automotive, pharmaceutical, oil & gas, petrochemical, health care, food & beverages, energy & power, water & wastewater treatment, and others. In terms of revenue, the automotive segment accounted for a major market share of more than 30% in 2017 and is anticipated to expand at a CAGR of 6.3% during the forecast period.

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As per TMR analysis, in 2017, Asia Pacific held the maximum i.e. more than 30% share of the global intelligent electronics devices market, in terms of both revenue and volume. The market in Asia Pacific is primarily driven by increased investments in modernization of infrastructure and continuously rising urban population in the region, especially in developing economies such as China and India. The intelligent electronic devices market in Asia Pacific is expected to witness more innovations and developments in the near future, as several leading manufacturers are investing in research and development activities. Furthermore, rising deployment of smart grids and favorable initiatives taken by government bodies are likely to boost the market in Asia Pacific during the forecast period.

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Linear Motor Market: Growth Opportunities to Tap into in 2020-2027

Transparency Market Research delivers key insights on the global linear motor market. In terms of revenue, the global linear motor market is estimated to expand at a CAGR of 5.5% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global linear motor market.

Linear motors are defined as electric motors that generate the motion in a straight line, unlike the rotational motion. In a linear motor, the stator is unrolled and spread out flat, while the rotor moves past it in a straight line. Linear motors are used in all designs of machines that require linear motion, including overhead-travelling cranes and beltless conveyors used for moving sheet metals. Linear motors are employed in a wide range of applications in industries such as manufacturing, semiconductor, food & beverages, textile, healthcare, and printing. Linear motors come in three designs: flat-bed, U-channel, and cylindrical. In line with the growth of the global automation industry, manufacturing and process plant operators are adopting advanced technologies for processes and operations focused on achieving improved product efficiency, reduced labor, and decreased operational costs. Linear motor systems offer a reliable and efficient solution to achieve high efficiency and hence, they are increasingly being adopted in applications ranging from simple point-to-point systems to sophisticated or complex automation systems.

Linear Motor Market: Dynamics

Servo Components and Systems Ltd has designed a new direct drive called Green Drive Actuator (a combination of speed and rugged operations), which can control the ball screw and provide increased reliability to direct drive linear motors. The actuator operates at a speed of up to 5 m/s, with a positional reliability of 50 microns, which makes it suitable for several industrial applications.

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Copley Controls Corp provides a range of AC- and DC-powered digital drives for use in servo and stepper motors called New Plus Servo Drives. Safe torque-off capability of these drives eliminates the complex wiring used in traditional safety applications. New Plus Servo Drives use metal enclosures that ensure the maximum level of noise immunity.

Due to technological innovations in direct drives, the demand for linear motors is increasing in various industrial applications. This, in turn, is boosting the global linear motor market. The impact of this driver is expected to remain high during the forecast period

One of the major issues associated with linear motors is their high cost and the complex design of electromagnets used in them. Generally, more powerful electromagnets are required to lift and move one magnet over another, which consumes a large amount of electric power. Linear motors use superconducting magnets to overcome this issue. As for dynamic applications, linear motors are energy efficient and they can attain high speed.

For this purpose, superconducting magnets are used to attain low temperatures, which reduces the power consumption, thereby preventing thermal wear and tear of motors. Use of electromagnets with such complex designs is restraining the global linear motor market. Thus, high costs and complex designs of electromagnets used in linear motors are major restraining factors for the global linear motor market. The impact of this driver is expected to remain high during the forecast period.

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Linear Motor Market: Prominent Regions

In terms of revenue, Asia Pacific dominates the global linear motor market. The market in the region is estimated to expand at the maximum CAGR of 6.32% during the forecast period and reach more than US$ 1 Bn by 2027. This is attributable to the fact that players operating in end-user industries in the region such as electronics & assembly, semiconductor, and machine tools directly contact OEMs for their specific requirements for linear motors.

Increasing adoption of linear motors in Asia Pacific is expected to offer lucrative opportunities to vendors, especially in the electronics & assembly industry during the forecast period. In terms of revenue, the North America market is expected to expand at a sluggish rate during the forecast period. This is due to the presence of various manufacturing industries in the region, which use robots based on linear motors for product manufacture. Other regions such as Europe witness presence of various industries that require linear motors such as automotive, manufacturing, machine tools (metal forming & metal cutting), and packaging & labeling.

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Industrial Gearbox and Gear Motors Market | Size, Share, COVID – 19 Outbreak and Forecast to 2026

According to a new market report published by Transparency Market Research titled “Industrial Gearbox and Gear Motors Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,” the global Industrial gearbox and gear motors market is expected to reach US$ 36.1 Bn by 2026, expanding at a CAGR of 4.3% from 2018 to 2026. Asia Pacific held the highest share in the industrial gearbox and gear motors market in 2017.

An industrial gearbox is an enclosed system that transmits mechanical energy to an output device. Gearboxes modify torque, speed, and other factors to convert the energy. They are used in a variety of devices and for a broad range of purposes. An industrial gear motor is an element that integrates a gear reducer. Gear motors can deliver high torque at low power and low speed. This is because of the gearhead function, which acts as a torque multiplier and allows small motors to generate higher torque. Most industrial gear motors use AC motors.

Advancements in technology over the past few decades have been driving advances in automation. They are encouraging the adoption of robots and industrial automation. The use of automation across all industrial sectors across the globe is increasing. The rate of adoption of automation is particularly high in the manufacturing sector. This is anticipated to become a driving factor for the industrial gearbox market during the forecast period. Robots and automation equipment are typically used in high-speed, repetitive tasks in manufacturing and other industries.

The world is increasingly becoming aware of artificial intelligence. AI technology is used in products such as driverless cars and mini drones that provide virtual assistance. This is expected to bring forth a large scale industrial revolution. Industries aim for the conversion of their facilities into ‘smart factories,’ where processes will be automated and the system will be in continuous sync with people, sensors, and devices via the Internet of Things.

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Increase in demand for industrial gearbox and gear motors products can be mainly attributed to the rise in standard of living of consumers, especially in the developing countries. A positive shift toward more efficient industrial gearbox and gear motors is expected to have a significant impact on revenue growth of the industrial gearbox and gear motors market. Increase in demand for planetary gears for better torque and precise process is expected to boost the market.

The industrial gearbox and gear motors industry is growing due to the shift toward renewable resources of energy, such as wind and solar, and is also expected to drive demand for industrial gearbox and gear motors, which are used for the construction of these renewable power generation units.

The gearbox and gear motors industry is highly competitive and the mechanical power transmission components market poses a challenging environment for its growth. Despite being traditional solutions, gearboxes and gear motors provide advantages such as familiarity, reasonable life, high reliability, reasonable cost, and universally serve most of the requirements of the industrial automation sector globally.

By product, the gear motors segment is expected to have the highest CAGR of 4.5% from 2018 to 2026. The growing number of mechanical power transmission applications in industries, and the compact nature of the equipment is raising the demand for gear motors in North America. Industrial gearbox and gear motors are perceived to be the most cost-effective technology for industrial mechanical power transmission. The gearbox segment is expected to have a CAGR of 4.1% over the forecast timeframe.

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Asia Pacific accounted for 30.0% share of the global industrial gearbox and gear motors market in 2016 and is anticipated to continue its dominance over the forecast timeline. Asia Pacific region is witnessing significant growth with strong demand from applications in discrete manufacturing such as automotive, packaging, manufacturing, and wind power segments. The Asia Pacific market is the largest regional market for industrial gearbox and gear motors and is expected to lead other regions in terms of growth over the forecast period.

The industrial gearbox and gear motors industry is fragmented across the world. Some of the industry participants of the global industrial gearbox and gear motors market are SEW-Eurodrive GmbH & Co. KG (Germany), Siemens AG, Bonfiglioli Riduttori S.p.A, Winergy, Bauer Gear Motor GmbH, China High Speed Transmission Equipment Group Co. Ltd., Eaton Corporation PLC, and ABB Ltd.

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Profilometer Market Trends and Dynamics, Drivers, Competitive landscape and Future Opportunities

According to a new market report published by Transparency Market Research titled “Profilometer Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,” the global profilometer market is expected to reach US$ 528.47 Mn by 2026, expanding at a CAGR of 4.4% from 2018 to 2026. Europe held the highest share in the profilometer market in 2017.

Surface profilometers are devices that help to measure the surface profile in order to quantify the roughness. Factors such as higher usage of 3D non-contact profilometers and demand from electronic, semiconductor, and automotive fields is set to fuel the global profilometer equipment market, consequently resulting in the rising demand for profilometers. Regulations and policies increase the product standard and quality. High investment cost of machinery for setting up production units is expected to hamper the global profilometer market. However, manufacturers of profilometers are more focused on product development and innovating new advance profilometer technology which are expected to create huge opportunity for the profilometer market during the forecast period.

Rapid industrialization and focus on rapid growth has resulted in significant dominance of profilometers in 2017. Contact profilometer is preferred due to the accuracy of the data that is received. However, non-contact profilometer is expected to witness the fastest growth due to the advancement in technology such as adoption of visualization tools in order to receive accurate results of the study.

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Optical methods are expected to witness rapid growth during the forecast period due to the adoption of several advanced techniques which are related to the rising computing capabilities over the years. Optical methods help to derive accurate results even on complex shapes. Additionally, optical methods conducted by the non-contact profilometer are portable and also provides correct measurements without touching the surface. However, contact and pseudo contact profilometers dominated the market in 2017.

Under the dimension segment, 3D optical profilometers are preferred and are used in industries such as semiconductors and electronics due to the fact that they provide accurate results. It can measure any surface with the help of axial chromatist. With non-contact profilometers, there is no need for any sample preparation. Additionally, 3D non-contact profilometers can measure any surface such as opaque, transparent, diffusive, rough, and polished. These features of 3D non-contact profilometers are anticipated to accelerate the growth of the global profilometer market during the forecast period.

Due to the large-scale demand for 3D non-contact profilometers in the semiconductor and electronics industry, demand for profilometers in these sectors is experiencing significance dominance over the years. Additionally, growth in semiconductor and electronic sectors has also resulted in the rise in usage of such instruments in these industries over the years.

The market in Asia Pacific is expected to be dominant during the forecast period. China’s impact on the semiconductor industry increased in 2015. In fact, both China’s semiconductor consumption and production revenues increased at a greater rate than worldwide revenues. As a result, China’s share of the worldwide consumption market increased to 58.5% in 2016, while its share of the worldwide semiconductor industry increased to 16.2%. From 2005 through 2016, China’s semiconductor industry grew at a ten-year compounded annual growth rate (CAGR) of 18.7%.

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Companies are focusing on achieving long-term growth by providing value added services to customers in the profilometer market. The companies profiled in the global profilometer market report include KLA-Tencor Corporation, Mahr Federal Inc., Zygo Corporation, Solarius Development Inc., Mitutoyo America Corporation, Schaefer Technology GmbH, Tokyo Seimitsu Co., Ltd, L. S. Starrett Company, Sensofar Group, Bruker Corporation, Jenoptik AG, Teräspyörä-Steelwheel Oy, Alicona Imaging GmbH, and AMETEK. Inc.

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Non-ionizing Radiation/EMF Detection, Measurement, and Safety Market Opportunities by Types, Demand, Top Manufacturers and Application in Grooming Regions

Solid competition characterizes the global non-ionizing radiation market, which at present is led by Mirion Technologies Inc., Narda Safety Test Solutions, and Spectris plc. The competition among the three is expected to heat up in the near future: these deep-pocketed players are seen pouring large amounts in coming up with more technologically superior and effective products to detect presence radiation.

A report by Transparency Market Research predicts the global market for non-ionizing radiation (NIR) to rise at a steady 4.57% CAGR between 2016 and 2024. At this pace, the market which was worth US$49.4 bn in 2015 would likely reach a value of US$73.8 bn by 2024-end. The volume of shipment is expected to become 547.36 mn in the same period.

Depending upon the type of device, the handheld devices hold a leading share in the global market for non-ionizing radiation (NIR) market. This is mainly because of their hassle-free usage and continued technological progress leading to more evolved versions. Our in-house team of analysts predict this segment to gross US$37.9 bn revenue by 2024-end. Geographically, North America led the market with a significant 44.0% share in revenue in 2015. Presence of numerous non-ionizing radiation/EMF detector manufacturers is mainly responsible for the growth of its market. Going forward too, the region is expected to maintain its lead.

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At the forefront of driving demand in the global market for non-ionizing radiations (NIR) is the growing awareness among people about the harmful effects of radiation. Elaborates the lead analyst of our report, “The ever-surging usage of electrical devices such as IoT-based devices and electronic gadgets such as laptops, mobile phones, and tablets, both at home and in industries and workplaces has caused an alarming rise of electromagnetic pollution resulting from nonionizing radiation. On account of the growing knowledge about the health risks resulting from exposure to such radiation, the uptake of solutions and products that uncover and measure radiation has risen substantially among consumers, thus majorly promoting the market for non-ionizing radiation (NIR).”

Another factor that is likely to catalyze growth in the global market for non-ionizing radiations (NIR) is the swift uptake of electronic support measures (ESMs).

Need for Heavy Investments Hampers Market Growth

One factor posing challenge, thus preventing the market for non-ionizing radiation (NIR) from reaching its full potential, is the need for continued, large investments in cutting-edge research and development of the devices so as to come up with more sophisticated products to meet the varied needs of consumers. This somewhat reduces the profit margins of manufacturers. Apart from that, need to adhere to various strict rules framed by authorities across nations is also dampening growth opportunities of players.

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This review is based on the findings of a TMR report, titled, “Non-ionizing Radiation/EMF Detection, Measurement, and Safety Market (Detector – High-frequency and Low-frequency; Device Type – Personal Monitoring Devices, Handheld Monitoring Devices, and Area Monitoring Devices; End User – Residential, Healthcare, Military and Homeland Security, Manufacturing, Laboratory and Education, and Telecommunication) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016–2024.”

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