Medium-voltage Switchgear Market Segmentation, Business Strategies and Growth Statistics by 2026

According to a new market research report on the medium-voltage switchgear market, published by Transparency Market Research, the global medium-voltage switchgear market is expected to reach value of US$ 8,395.0 Mn by 2026, expanding at a CAGR of 6.2% from 2018 to 2026. Asia Pacific is likely to continue to lead the global market, with the market in the region expanding at a CAGR of 6.8% between 2018 and 2026.

Grid modernization to reform electricity transmission and distribution networks is driving the global medium-voltage switchgear market

From traditional electricity grids to smart grids, from power grids based on fossil fuels (such as coal and petroleum) to grids integrating renewable energy sources (such as solar and wind power), grid systems play a key role in the electricity sector. Resources such as coal and petroleum are not unlimited or renewable.

The faster they are used, the quicker they would be depleted. Energy-saving methods can be attained through advancements in technology and development of new forms of power grids, while improving the production of renewable energy and reducing the emissions of greenhouse gases. Thus, increasing government initiatives for renewal of existing transmission and distribution networks along with grid modernization are expected to propel the demand for medium-voltage switchgear during the forecast period.

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Medium-voltage Switchgear Market: Scope of Report

The global medium-voltage switchgear market has been broadly segmented in terms of voltage, insulation, end-use industry, and geography. In terms of voltage, the market has been classified into 3kV – 5kV, 6kV – 15kV, 17kV – 27kV, and 28kV – 40kV. Among these, the 6kV – 15kV segment accounted for a major market share around 30% in 2017. The segment is expected to expand at a significant CAGR of 6.4% during the forecast period. Based on insulation, the medium-voltage switchgear market has been divided into air-insulated switchgears, gas-insulated switchgears, and others. The air-insulated switchgears segment held the leading share of the market in 2017.

Air-insulated switchgears are extensively used in rural areas and favorable offsite terrains, where space, climatic conditions, seismic occurrences, and environment-related concerns is not an issue. In terms of end-use industry, the market has been classified into power plants, commercial sector, oil, gas and petrochemical, utility sector, paper & pulp industry, and others. In 2017, the utility sector segment accounted for a prominent market share. The segment is estimated to expand at a significant CAGR of 5.7% during the forecast period.

Based on region, the global medium-voltage switchgear market can be segregated into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Asia Pacific dominated the global medium-voltage switchgear market in 2017, with China holding a major share of the market in the region. Demand for switchgears in China is primarily driven by increasing investments in electricity transmission and distribution networks across the country, renewal of faulty and aging electricity transmission and distribution networks, and rapid electrification in rural areas of the country.

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The U.S. dominates the market in North America, owing to increasing usage of medium-voltage switchgears in various electrification projects in commercial and residential sectors across the country. Europe is also expected to contribute significantly to the global medium-voltage switchgear market in the next few years. The medium-voltage switchgear market in Europe is expected to expand at a CAGR of 6.3% during the forecast period.

Global Medium-voltage Switchgear Market: Competition Dynamics

The research study includes profiles of leading companies operating in the global medium-voltage switchgear market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. Key players operating in the global medium-voltage switchgear market are ABB Ltd, Chint Group Eaton Corporation Plc., General Electric Hyosung Corp, Mitsubishi Electric Corporation, Powell Industries, Inc., Romac, Inc., Schneider Electric SE, and Siemens AG. Companies are focusing on expanding their business through strategic acquisitions and partnerships.

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Thin Client Market Key Drivers, Trends And Outlook For Next 5 Years

According to a new market report pertaining to the thin client market published by Transparency Market Research, the thin client market (North America, Europe, Asia Pacific, Middle East & Africa, and South America) is projected to reach US$ 2,124.7 Mn by 2026 driven by increasing popularity of the concept of cost savings across all industries.

The market is projected to expand at a CAGR of 1.16% during the forecast period from 2018 to 2026. Growth of the market is attributed to high adoption of cloud technology. North America is anticipated to lead the thin client market, followed by Europe and Asia Pacific, during the forecast period. The thin client market is at an emerging stage and is anticipated to expand rapidly in the next few years.

High Cost Savings Factor to Drive the Market 

One of the significant reasons for deployment of thin client solutions in an enterprise is cost saving. Cost savings are possible through lower device costs as compared to PC substitutes, and the option to reuse older hardware. Cost saving is also achieved by making the systems energy efficient through lower heat generation. IT operations could benefit through the central management of all the thin client devices, together with patching and resource allocation between devices.

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Thin clients and the transformation of “fat” clients (PCs and laptops) to thin clients provides an opportunity for thin client dealers to market their products to cost-sensitive enterprises due to the relatively low cost of refurbishment of old hardware that has already been deployed, and/or purchasing new thin client hardware solutions.

High cost savings as a driver accounts for high impact on this market, as it is a factor that most of the companies are looking forward to. 

Thin Client Market: Scope of the Report 

The thin client market has been segmented based on components, enterprise size, end use industry, and region. Within the components segment, hardware component is expected to dominate the global market in 2018 owing to the increasing use of mobile based thin clients.

North America led the thin client market, accounting for substantial share in 2017. The U.S. is the major market for thin client in the region. The thin client market in Europe, Asia Pacific, Middle East & Africa, and South America is also expected to grow during the forecast period. 

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Thin Client Market: Competitive Dynamics 

The research study includes profiles of leading companies operating in the global thin client market. Key players profiled in the report include Samsung Electronics, NComputing Co. Ltd., IGEL, HP Development Company, L.P., Dell, Cisco Systems, Inc., 10ZiG Technology, Acer Inc., and Advantech Co., Ltd.

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Surface Mount Technology Equipment Market Growth During the Forecast Period, 2021-2026

As per the recent report by Transparency Market Research, the global surface mount technology equipment market is expected to grow a substantial growth in the forecast period of 2018 to 2026. According to the report the factors that are driving this growth for the market include, growing application of consumer electronics, trend of miniaturization, and evolving manufacturing industry. Due to these factors the global surface mount technology equipment market is expected to witness 4.5% CAGR during the projected time frame. With this projection, the market is projected to register a whopping US$ 8.01 bn revenue by the end of 2026, says the report.

Growing Use of Flex Circuit Drives the Growth

Consumers demand flexibility these days. They are looking for devices that can come in handy in multiple applications. Hence, the electronic device manufacturers are inclining towards flexible electronics or flex electronics. They are designing flex circuits that can allow the devices to be useful in variety of use-cases to cater to the demand for the flexible device. Based on this growth in the use of flex circuits, the growth of global surface mount technology equipment market.

For instance, the LCD manufacturers are now using thin metal foils as a substrate to make the circuit flexible instead of glass based substrate. This allows the manufacturers to effectively reduce the cost of production while improving the efficiency of the final product. This also makes the LCDs resistant to frequent voltage fluctuations making them last longer than before. Based on such applications by various electronic gadgets and device manufacturers, the global surface mount technology equipment market is witnessing the projected growth.

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Emerging Players to Offer Quality Products at Lower Price

Currently the global surface mount technology equipment market is highly competitive and predominantly fragmented. This is because of the presence of several players that dominated the dynamics of global surface mount technology equipment market. These players also control the pricing of surface mount technology equipment, which makes them highly expensive for the end users.

Taking the price constraint as an opportunity, new players are developing under-budget quality products. This allows the new players to enter and establish themselves in the global surface mount technology equipment market. Also, for establishment and a sustainable future, these players are also focusing on strategies such as mergers and partnerships. These strategies allow the players to gather essential resources that can come in handy to establish their brand in the surface mount technology equipment market.

On the other hand, the already established players are adopting the strategies of acquisition and research and development. This allow the businesses to enhance their production capacity and distribution network along with bringing new products in the market. Using these strategies, the players can acquire a competitive edge over their rivals and boost their profit quotient in global surface mount technology equipment market.

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For example, in 2016, Juki Corporation, launched an innovative Long Board SMT Placement Machine, known as JX-350. This machine speeds the production of LCDs by autonomously placing the components on their precise place. With this machine the company was able to hold a significant share in the global surface mount technology equipment market in 2016.

Asia Pacific to Grab the Top Spot

On geographical front, the surface mount technology equipment market has a global presence. However, Asia Pacific is expected to grow substantially in the forecast period. This rapid growth of the region is attributed to rising demand for consumer electronics in India and China. Moreover, the availability of resources in these countries is easy and cost effective, this further attracts businesses to enter the region and boost the growth of Asia Pacific in the global surface mount technology equipment market during the estimated time frame.

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Load Cell Market Strategies, Growth Factors and Forecast to 2027

Transparency Market Research delivers key insights on the global load cell market. In terms of revenue, the global load cell market is estimated to expand at a CAGR of ~4% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global load cell market.

Load cells are used to measure weight by converting the force into electric output, which is measurable. Load cells have multiple applications such as baby scales, truck scales, supermarket scales, test and measurement equipment, waste collection vehicles, overhead cranes, infant incubators, hospital beds, and oil well pumps.

Load Cell Market: Dynamics

Load cells are transducers that convert mechanical force to electric output. They help in precise measurement of weight. They are employed in several sectors, including agriculture, automotive, food & beverages, and industrial. Load cells provide a large number of benefits when used in agriculture, automotive, and industrial applications. Furthermore, load cells provide accurate weight even under harsh environments, including extreme temperatures and humidity and extreme weather conditions.

Owing to the ability to withstand harsh environments, the demand for load cells is on the rise. Several manufacturers are developing new products to cater to various applications. For instance, in 2019, Straightpoint, a load cell manufacturer, launched the Bluelink load cell, which is suitable for use in severe industrial environments.

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Weighing accuracy is an important aspect considered while designing load cells, as several industries including healthcare and food & beverages rely greatly on high-quality weight measurement. Industries have been using traditional mechanical weighing systems or force measurement products over the years, owing to their low prices. However, due to the increasing demand for load cells from various industries, manufacturers have started producing new and advanced load cells. These new load cells would help customers in measurement of weight and reading of data through mobile apps. Moreover, manufacturers are also designing and building vital load cell components for use in highly regulated industries such as pharmaceutical and food & beverages.

Load Cell Market: Prominent Regions

Europe is expected to dominate the global load cell market during the forecast period, owing to early penetration of technologies, presence of a large number of well-established players providing load cells, and increasing demand for load cells across industrial applications, including test & measurement equipment and automotive weighing systems. Countries such as the U.K., Germany, and France are major markets for load cells in Europe.

Moreover, the growth of the market in Europe is attributable to the imposition of increased landfill taxes (levied on materials disposed at landfill sites) in countries such as the U.S., owing to which load cells are being used in the country significantly for accurate measurement of weight of the waste to be disposed of into landfills. In addition to this, they are using truck scales to ensure precise weighing of trucks. Furthermore, the market in Asia Pacific and North America is projected to expand at a significant pace during the forecast period, as a result of growing use of load cells in agriculture and food & beverages sectors. The U.S., China, Japan, and India are prominent countries in these regions.

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Load Cell Market: Key Players

A global load cell market witnesses a presence of a large number of well-established as well as emerging players. A few of the key players operating in the global load cell market are Tecsis GmbH, Honeywell International Inc., OMEGA Engineering, TE Connectivity, ALFA LAVAL, HBM, FUTEK Advanced Sensor Technology, Inc., ABB, and Flintec. These players are launching new products to gain higher market share. For instance, in June 2019, FUTEK Advanced Sensor Technology, Inc., a load cell manufacturer, launched a new load cell, which is sub-miniature in nature and is an addition to the company’s LCM load cell series. The capacity of this load cell ranges from 25 lbs. to 1,000 lbs.

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Touch Screen Display Market Trends Analysis and Research Report 2021-2027

The global touch screen display market is experiencing extreme competition in the market, observes Transparency Market Research. The fierce competition is among some of the leading players in the market such as Samsung, Fujitsu, 3M, Panasonic Corp, and LG Electronics. The prominent players are also highly focusing on mergers and acquisitions that could help them to expand their business. Focus on research and development activities in increasing, as players want to use innovative technologies and develop new products. Emerging economies is also seen lucrative opportunity by the players due to the presence of cheap labor and high availability of raw materials.

Statistics presented by Transparency Market Research, the global touch screen display market is anticipated to reach a valuation of US$ 121.1 bn by the end of 2027 progressing from US$ 57.1 as estimated in 2018. Over the forecast tenure between 2019 and 2027, the global market is projected to expand at 8.90% CAGR.

The application of touch screen display is high in retail kiosk as these screens are highly preferred as compared to other applications in this segment. The retail kiosk segment is expected to lead the market due to presence of multiple retail outlets spread across the globe. On regional front, North America held 35% market share in 2018. Over the forecast period, this region is expected to continue its dominance owing to the presence of key manufacturers in the region. On the other hand, Asia Pacific is also projected to be one of the key regions for the growth of this market due to increasing demand for touch screen display in this region.

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Retail Sector to Play a Crucial Role in Fueling Demand for Touch Screen Display

Application of touch screen display is seen in retail kiosks, gas pumps, public transport kiosks, car wash centers, automated teller machines (ATMs), sports arenas, parking terminals, medical equipment, and trade shows and exhibitions. Thus, with the growing application the demand for touch screen display is expected to grow significantly in the coming years.

Among these applications, retail kiosk to lead the market as large number of retail outlets use touch screen display across the globe. This has given a significant push to the market’s growth. Moreover, to increase customer engagement various retailers are also adopting these advanced technologies. Introduction of infrared touchscreen and gesture sensing is also expected to benefit the market growth.

High Production Cost To Impede Market Growth

Despite the growing demand for touch screen display, few challenges are present in the market that could hamper the growth of this market. One of the major challenges is the limited availability of raw material. In addition, heavy competition and high cost of production may also lower down the prospects for growth in this market.

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However, operational ease and cost efficiency provided by these displays are projected to overcome these restraints in the coming years. Moreover, constant technological innovation that enhance the usability of these displays is helping in increasing the popularity of these displays. Thus, in the near future, the demand for touch screen displays are likely to increase at a significant rate.

The information presented in this review is based on a TMR report, titled “Touch Screen Display Market (Application – Gas Pumps, Automated Teller Machines (ATM), Retail Kiosks, Trade Shows and Exhibitions, Car Wash Centers, Parking Terminals, Sports Arenas, Public Transport Kiosks, and Medical Equipment) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 – 2027.”

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3D Imaging Market Top Companies, Regional Outlook till 2027

The global 3D imaging market is foreseen in a report by Transparency Market Research (TMR) to bear a vendor landscape that carries a vastly intense level of competition between individual players. According to TMR analysts, the market could be highly consolidated due to the presence of fewer popular and firmly established companies. Most players are anticipated to adopt three key business strategies to cement their position in the market, i.e. expanding product portfolio, facilitating product differentiation, and participating in mergers and acquisitions.

The competition could level up with the entry of new players in the global 3D imaging market. Philips Healthcare, Hewlett-Packard Corporation, and Lockheed Martin Corporation are some of the top players operating in the market.

As per TMR, the global 3D imaging market could be valued at a US$ 73.01 bn by the completion of 2027. On the basis of end-use industry, the market is predicted to find healthcare securing a lion’s share in the coming years. With respect to region, North America could reach to a stronger market value by the end of the forecast period 2019-2027.

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Rising Prevalence of Chronic Diseases Stimulates Demand for 3D Imaging in Healthcare

The world 3D imaging market is foretold to attain massive growth on the back of widespread use of the technology in the automotive and healthcare industries. 3D imaging is extensively used in provision of treatment, diagnosis of diseases, research, surgery, and other individual domains in the healthcare industry. Demand for efficient technologies such as 3D imaging in healthcare is stoked by increasing incidence of heart disease and cancer and rising frequency of complex surgeries. Even in the field of medicine, 3D imaging is considered to be a highly useful technology.

3D imaging also finds application in other industries for designing a range of technologies including drones, robots, automobiles, and gadgets. Thus, any growth in these industries could mean a positive sign for the world 3D imaging market.

High Initial Setup Cost Discourages Small Businesses to Adopt 3D Imaging Equipment

The international 3D imaging market is expected to showcase a great potential for expansion in the near term. However, limited funding available to small businesses and expensive initial cost of setting up 3D imaging equipment could raise fears of reduced growth in the market. Moreover, low awareness about the use of the technology and lack of skilled professionals are envisaged to hamper the demand in the market. Nonetheless, players could bank on opportunities created with the introduction of innovative and cost-effective variations of 3D imaging in the global market.

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The information presented in this review is based on a TMR report, titled “3D Imaging Market (End-use Product – 3D Cameras (Time of Flight, Stereo Vision, and Structured Light), Sonography (Sonars and Ultrasound), and Smartphones; 3D Image Sensor – CMOS and CCD; Application – 3D Modeling, 3D Scanning, Layout and Animation, 3D Rendering, and Image Reconstruction; End-Use Industry – Entertainment, Healthcare, Architecture and Engineering, Industrial Application, and Security and Surveillance) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 – 2027.”

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Meat Processing Equipment Market Recent Developments and SWOT Analysis 2025

Meat is consumed as essential food in several parts of the world. It has high protein content, fat, and water. Meat processing is a method for simplifying and to enhance the taste and facilitate easy cooking. However, unprocessed meat gets ooze of numerous enzymes after animal slaughtering. Henceforth, the use of processing method is in demand to avoid the meat spoilage. Furthermore, the meat processing equipment brings high efficiency during the practice from killing to marinating.

Increasing use of private-label processed meat foodstuffs is the growing trend in the meat processing equipment market. This type of processed poultry and meat products are becoming popular as they are ready-to-cook and affordable. Furthermore, rising demand for processed meat products and safety & regulations for the High-level machines are projected to drive the demand for meat processing equipment during the forecast period.

Additionally, intensifying use of automated equipment by key equipment providers over the traditional equipment fuels the growth of the meat processing equipment market. Meat is highly brittle; hence, processing is important to prevent deterioration of the meat. However, rising cost of logistics and raw material for the processed equipment is expected to hinder the meat processing equipment market during the forecast period.

The global meat processing equipment market has been segmented by equipment type, meat type, product type, and region. In terms of equipment type, the market has been divided into dicing equipment, tenderizing equipment, blending equipment, cutting equipment, filling equipment, grinding equipment, massaging, smoking equipment, and other equipment. Cutting equipment segment is anticipated to develop at a significant growth rate in the near future. Based on meat type, the meat processing equipment market can be segmented into processed pork, processed mutton, processed beef, and others. Processed pork segment is projected to be the fastest growing segment during the forecast period due to consuming a rich source of nutrition value such as minerals, vitamins, phosphorus, niacin, and iron.

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According to product type segment, the market is bifurcated into dried meat, raw fermented sausages, fresh processed meat, raw cooked meat, cured meat, precooked meat, and other product types. Fresh processed meat segment is anticipated to have the largest market share among all the product type segments. In terms of region, the market is divided into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America. North America is the dominating region in the meat processing equipment market. Canada and the U.S. are prominent countries that use meat processing machineries for better texture and flavor of processed meat. Asia Pacific is expected to be the fastest growing region during the forecast period as compared to other regions as China is the major meat producer in the Asia Pacific region.

Major companies operating in the global meat processing equipment market includes Marel, Equipamientos Cárnicos, S.L., Crown National, Jarvis Industries Canada Ltd., MAJAtronic GmbH, Bettcher Industries, Inc., Illinois Tool Works Inc., Mepaco, GEA Group, Key Technology, Middleby Corporation, Millard Manufacturing Corporation, Processing and Packaging Machinery Association (PPMA Ltd), Marlen International, RND Automation Private Limited, and JBT Corporate. Key players in the meat processing equipment market are anticipated to witness increasing demand for processing machines during the forecast years owing to the growing demand for meat as it contains high nutritional value.

Players operating in the meat processing equipment market are focusing on expansions, collaborations, and acquisitions as their major strategies to achieve significant market share and also developing distribution channels to sell their machines in the market. The market is projected to observe an upsurge in the trend of growing manufacturing of processing equipment. This in turn is projected to drive the adoption rate of meat processing equipment.

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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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