Chemical Sensors Market Share & Trends Analysis Report 2021-2027

The vendor landscape of the global chemical sensors market is highly fragmented in nature because of the presence of numerous well-established players. Some of the notable names in the chemical sensors market include names such as F-Hoffman La Roche Ltd., Denso Corporation, Emerson Electric Co., Siemens AG, and Honeywell International among others. One key trend that has been observed among these chemical sensors market players is of growing investments in research and development activities. The objective behind these investments is to develop more reliable and efficient products that will cater to the evolving demands of the global population. Naturally, it is expected that the competition in the market will only intensify over the coming years of the forecast period. In addition to this, these leading players are expected to opt for mergers, acquisitions, and joint ventures in order to stay ahead of the competitive curve.

With such development shaping the vendor landscape of the global chemical sensors market, it is obvious that the growth of the market will reach newer heights. According to the research report published by Transparency Market Research, the global chemical sensors market is expected to touch the mark of US$29.27 bn by the end of 2027. This is a significant jump from the initial valuation of US$ 16.3 bn recorded back in 2019. Over the given course of the projection period, the global chemical sensors market is thus expected to exhibit a CAGR of 5%.

Growing R&D Activities to Drive North America Segment Growth

In terms of geographical segmentation, there are five major segments of the global chemical sensors market. These segments are North America, Middle East, and Africa, Latin America, Asia Pacific, and Europe. Of these, currently, the chemical sensors market of the North America region is dominating the global market. The growth of the regional segment is expected to bolster over the mentioned forecast period due to the growing research and development activities followed by the booming automotive sector in the region.

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On the other hand, the Asia Pacific segment is expected to exhibit a promising CAGR during the aforementioned period of forecast. This burgeoning growth of the regional segment can be mainly attributed to the increasing demand for these sensors from the oil & gas and food & beverages sector.

Of all the end users in the global chemical sensors market, the medical industry continues to hold a lion’s share in the overall market. The analysts project that the optical sensors will show a continued growth pattern due to its increasing application in the health care and medicine industry. Remarkable technological advancements in the medical sector are expected to fuel the demand for chemical sensors across the globe.

North America to Hold Lion’s Share in Global Market as Automotive Sector Regains Momentum

In terms of geography, the global chemical sensors market is segmented into North America, Europe, Asia Pacific, and Rest of the World. North America is leading the global market and is expected to hold its position, followed by Asia Pacific. The demand for chemical sensors in North America will be dictated by the soaring production of vehicles, increasing research activities, development of new products, and the pressure of reducing pollution levels in the near future. Additionally, the increasing application of chemical sensors in sectors such as oil and gas, food and beverages, and industrial application is anticipated to fuel Asia Pacific market.

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Some of the key players operating in the global chemical sensors market are

• Alpha MOS,
• ABB Group,
• Delphi Automotive PLC.,
• The Bosch Group,
• Emerson Electric, Co.,
• Denso Corporation,

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Triacs Market Comprehensive Analysis, Growth Forecast from 2021 to 2030

 

• Triac as a semiconductor device has gained traction in the past few years due to its applications in small utility electronic gadgets and motors for speed control of electric fans, light dimmers, and a number of small and major computerized household appliances. The primary reason to look at this market is the involvement of triacs in small-scale utility products, which boosts the growth of the global triacs market.
• The primary and foremost feature for the use of triacs over its competitors such as triode and SCRs is that triac is bi-directional, which is not the case for triodes and SCRs. Triac, abbreviated as Triode for Alternating Current, is not only used for alternating current (AC), but also direct current (DC).
• Triac is a three terminal solid-state power-switching device, which can be triggered in conduction by both positive and negative voltage applied to its anode and gate, making it a two-quadrant switching gate controlled device. This feature of triac has gained it various applications in the market.

Triacs Market: Dynamics

• The primary driver of the global triacs market is the cost factor associated with using one triac in place of two thyristors. Manufacturers opt for a triac in place of two thyristors to cut down cost of production. Another driver would be the increase in use of household and utility products in the market, most of which contain a triac for functioning.

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• The major challenge faced by the global triacs market is that switching in triac is not symmetrical, which leads to a number of problems such as high level of harmonics and EMI problems. These drive manufacturers to either opt for some extra circuitry or keep the triac use to certain applications.

Merger, Acquisitions, and Tie-ups to offer Significant Opportunities

• Companies are expanding product portfolios and strive to meet customer requirements. Manufacturers enter into tie-ups and collaborations for business expansion. This is expected to offer significant opportunities to new and established players in the market.
• In November 2016, Central Semiconductor Corp. announced a distribution agreement with Avnet, Inc., a technology distributor. Central Semiconductor Corp’s. product portfolio including diodes and triacs will be available for purchase by customers in North America through Avnet group.

Asia Pacific to Lead the Global Market

• The global triacs market can be segmented into five major regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa
• The triacs market in North America is expected to witness strong growth during the forecast period owing to the adoption of triacs by several industries to implement household and utility products. North America is expected to be followed by Europe and Asia Pacific.
• Growth of the market in North America and Europe is attributed to the presence of small and large household and utility device manufacturers.

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• Asia Pacific is likely to be a leading market for triacs in terms of revenue during the forecast period due to the presence of a number of players and increase in applications

Key Players in the Global Market

The global triacs market was highly fragmented in 2018. Prominent players operating in the global market focus on technological developments and expansion to meet the growing demand for triacs. Moreover, manufacturers enter into partnerships for the development of innovative products and boost revenue.

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E-Beam Wafer Inspection System Market Top Trends, Global Analysis And Forecast to 2025

According to Transparency Market Research, the global E-beam wafer inspection system market is anticipated to flourish with a strong CAGR of 17.5% during forecast period from 2015 to 2025. ASML Holding N.V. (Netherlands), Hitachi Ltd. (Japan), KLA Tencor Corporation (The U.S.), NXP Semiconductors N.V. (Netherlands), Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan), Lam Research Corporation (The U.S.), Synopsys Inc. (The U.S.)Integrated Device Technology Inc. (The U.S.), Renesas Electronics Corporation (Japan), and Applied Materials Inc. (The U.S.) are some of the key companies dominating the global E-beam wafer inspection system market.

In year 2016, Asia pacific was evaluated to be the most dominant region among all, with 60% of market shares. Based on application, the defect imaging emerged as the largest application segment with a share of 38.5% in the market in year 2016. It is foreseen to remain prevailing through the duration of the forecast period.

The e-beam wafer inspection system market has immense development opportunities due to the rising appropriation of these systems by semiconductor manufacturers for their high-quality inspection. Since the semiconductor business is quickly developing and extending its development limit, there would be a massive need for more wafer inspection systems amid the forecast period. However, this market is exceptionally capital oriented and technologically advanced in nature.

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Hermes Microvision is the most overwhelming player in the market and takes over the majority of the market share. Since the semiconductor business is developing and expanding, the demand for wafer inspection system is anticipated to increase amid the forecast period. This popularity for wafer inspection system will open up new opportunities in the market for manufactures, steering in new vendors, therefore swelling the competition.

Based on type, the global e-beam wafer inspection system market is segmented into less than 1 nm, 1 to 10 nm and more than 10 nm inspection resolution system. In 2016, e-beam wafer inspection system market was dominated by more than 10 nm wafer inspection systems, followed by the other two segments. However, during the forecast period the less than 1 nm segment will showcase a higher CAGR.

On the basis of application, the global e-beam wafer inspection system market has been segmented into defect imaging, lithographic qualification, bare wafer OQC/IQC, wafer dispositioning, reticle quality inspection, and inspector recipe optimization. Of these, defect imaging formed the largest application segment with a share of 38.5% in the market in 2016.  It is expected to remain dominant through the course of the forecast period. Besides this, inspector recipe optimization followed by bare wafer OQC/IQC have emerged as the application segments exhibiting strong prospects for the market.

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Asia Pacific Exhibits Most Lucrative Opportunities

Regionally, Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa constitute the key segments in the global e-beam wafer inspection system market. Among these nations, Asia Pacific emerged dominant holding a little short of 60% share in the global market in 2016. In addition, North America and Europe have been demonstrating lucrative market opportunities over the last few years. These regions boast high investment in the research and development, which has led to extensive application of high quality wafers across diverse industries. With this, the use of e-beam wafer inspection system has also risen to detect any faults, thus giving significant impetus to the market.

Some of the leading players in the global e-beam wafer inspection system market are Hitachi Ltd. (Japan), ASML Holding N.V. (Netherlands), KLA Tencor Corporation (The U.S.), Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan), NXP Semiconductors N.V. (Netherlands), Lam Research Corporation (The U.S.), Renesas Electronics Corporation (Japan), Integrated Device Technology Inc. (The U.S.), Applied Materials Inc. (The U.S.), and Synopsys Inc. (The U.S.) among others.

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Electricity Meter Market Trends, Global Analysis And Forecast to 2027

The demand within the global electricity meter market is rising on account of advancements in infrastructural archetypes. The constructions industry has assimilated a high level of sophistication, and the use of high-end technologies has become a priority for real estate planners. The use of electricity meters is an inherent part of the residential, commercial, and industrial sectors. This factor has played a historic role in the growth of the global electricity meter market. Furthermore, the need for ensuring regular monitoring and management of electricity supply and usage is also a key consideration from the perspective of market growth.

The use of electricity meter in industries and manufacturing units is the most important driver of market demand. The large amount of electricity consumed across power plants and manufacturing units is suggestive of growth within the market. Besides, governments issue several trademarks to give a seal of credibility to the quality of electricity meters. Use of substandard meters can pose severe risks to life and property, and may result in the occurrence of wild fires. Hence, premium-quality electricity meters are the top-most requirement for residential and commercial buildings. The responsiveness of the masses in studying the electricity consumption patterns has created demand for multi-functionality electricity meters.

Transparency Market Research (TMR), in a report on the global electricity meter market, looks into the leading drivers of market demand. The global electricity meter market is expected to touch a value of US$ 14 Bn by 2027. The CAGR of the global electricity meter market for the period between 2019 and 2027 is calculated at 6%. On the basis of end-use, the demand for electricity meters in the residential sector is expected to rise. Since people prefer to have their personal electricity meters in apartments, the use of these meters in residential complexes has increased.

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Players operating in the electricity meter market are scaling up satellite-based metered projects in the rural areas of India. Due to the growing demand for energy-efficient electricity meters in India, companies are investing in smart meters with satellite communication technology. These projects are serving as a win-win situation for various stakeholders, including consumers as well as distribution companies.

Smart electricity meters provide improved power quality, reduced outage durations, and flexible payment options. They also provide real-time information about electricity usage via a mobile app, so that consumers can keep a tab on any wastage, and streamline their electricity consumption to save money. These value-added features are gaining the attention of consumers across rural India and driving revenue to the electricity meter market.

As such, players functioning in the electricity meter market are investing in novel technologies are that more efficient, cost-effective, and support stability in communication networks. Also, manufacturers are adopting blockchain technology enabled with IoT-based (Internet of Things) deployments to tackle the issue of cyber-attacks on IT infrastructure and AMI.

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Increasing Demand for Advanced Energy Data Monitoring Systems: A Key Driver

• The global electricity meter market is expected to expand significantly during the forecast period, due to growth of the semiconductor assembly & test services (SATS) industry. Smart meters provide real-time consumption feedback to the utility-providing site, and consumers can also monitor real-time data of the power consumed by specific appliances. This consumption data can be monitored using a smartphone.
• Electricity meter manufacturers offer a platform that comprises exclusive hardware and its integrated cloud-based energy-monitoring software. A benefit of these IoT-based monitoring systems is that, they can calculate multiple circuits together, in phase 1/2/3, with the capacity to withstand high voltages of up to 600 VAC and current of up to 6,000 A.

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SiC Power Market Share, Growth, Trends and Forecast 2021-2030

 

• SiC (Silicon Carbide) is a semiconductor material made up of a combination of silicon and carbon.
• SiC has several characteristics such as higher breakdown electric field strength, lower thermal expansion, wider band gap, and high resistance to a chemical reaction.
• SiC power finds extensive application in power grid devices, flexible AC transmission systems, high-voltage, direct current systems, power supplies and inverters, RF devices & cellular base stations, lighting control systems, electronic combat systems, EV motors, wind turbines, solar power systems, and others

Rise in Demand for 4 Inch Wafer Size

• The 4 inch wafer size segment is likely to be the fastest growing segment and hold dominant share of the global SiC power market during the forecast period.
• 4 inch silicon carbide wafers are used in various devices such as optoelectronics devices, high power devices, high-temperature devices, and high-frequency power devices, which boosts the demand for 4 inch wafer size in the market.
• The EV motors application segment holds second largest share of the global SiC power market due to the increasing use of silicon carbide-based semiconductor device implementation in industrial and commercial motor drives, electro-mechanical computing systems, and high-temperature sensors.
• In February 2020, Infineon Technologies AG launched CoolSiC MOSFETs with 650 V. The company aims to meet the growing demand for energy efficiency, power density, and robustness in a wide range of applications.
• In January 2020, STMicroelectronics signed a contract with SiCrystal, a ROHM Group company. Under this contract, the company has to supply SiC wafers to SiCrystal.

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• Some of the restraints of the SiC power market are a decrease in demand from end-users, shortage of raw materials, and disruptions in the supply chain due to COVID-19.

Asia Pacific to Lead the SiC Power Market

• In terms of region, the global SiC power market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
• Asia Pacific is expected to witness the fastest growth in the SiC power market during the forecast period due to increasing demand from countries such as Japan, China, Taiwan, Indonesia, South Korea, and India.
• Asia Pacific is the largest producer and consumer of consumer electronics due to which demand for SiC power is rapidly increasing in the APAC region.
• Furthermore, the region is one of the significant automotive and EV markets around the world. China has the largest market of electric vehicles, which also propels the growth of the SiC power market.
• North America holds the second largest share of the SiC power market due to initiatives taken by several governments in the North America region to promote the use of electric vehicles.
• The SiC power market in Europe is expected to expand at a substantial rate during the forecast period due to the rising demand for SiC power. On the other hand, the market in Middle East & Africa, and South America is estimated to expand at a moderate pace during the forecast period.

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Key Players Operating in the Global SiC Power Market

The global SiC power market was highly fragmented in 2019. Major players operating in the global market are focusing on technological advancements and expansions to meet the rising demand for SiC power. Moreover, manufacturers are undertaking mergers and acquisitions for the development of innovative products.

Key players operating in the global SiC power market include:

• Infineon Technologies AG
• CREE, INC.
• ROHM Co., Ltd.
• STMicroelectronics N.V.
• Fuji Electric Co., Ltd.

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Optoelectronic Sensors Market to Witness Huge Growth by 2030

 

• Optoelectronic sensor is a combination of optical and electronic systems. An optoelectronic sensor is an electrical-to-optical or optical-to-electrical transducer used for numerous applications.
• These sensors are used in pressure sensors, security systems, atmospheric particle measurement, close tolerance measurement, and quality control etc.
• Optoelectronic sensors are segmented into three types: retro-reflective, through-beam, and diffuse optoelectronic sensors, and these are used in various applications such as oil & gas, chemical & petrochemical, water & wastewater, power industry, electronics and semiconductors, packaging, robotics, safety detection, and accurate measurement.

Rise in Demand for Use in Consumer Electronics

• Optoelectronic sensors are largely used in consumer electronics, as it offers advanced features and are technologically advanced. Optoelectronic sensors are foreseen to replace traditional electronics by surpassing them in terms of cost, performance, and consistency in consumer electronics devices.
• Moreover, rising demand for sophisticated devices delivering efficient solutions, dynamic application areas, and adaptability of portable devices in consumer electronics is expected to drive the optoelectronic sensors market during the forecast period.
• In July 2019, Vishay Intertechnology, Inc., launched a new ambient light optoelectronic sensor for use in small applications such as smart watches and sport bands. By continuously launching new products, Vishay Intertechnology, Inc. aims to increase its product portfolio.

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• Some of the restraints of optoelectronic sensors are lack of standardization, high cost, and their limited acceptability.

Asia Pacific to Lead the Optoelectronic Sensors Market

• In terms of region, the global optoelectronic sensors market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
• Asia Pacific is anticipated to experience fastest growth in the global optoelectronic sensors market throughout the forecast period due to the growing demand for handheld and mobile devices in major developing Asian countries.
• The Asia Pacific market is expected to witness increasing demand for optoelectronic sensors from countries such as Japan, China, Taiwan, Indonesia, South Korea, and India for numerous applications. Additionally, the growing defense sector in the region also propels the growth of the global optoelectronic sensors market.
• North America holds the second largest share of the optoelectronic sensors market due to presence of a few big players and several small regional players.
• The optoelectronic sensors market in Europe is expected to expand at a substantial rate during the forecast period. On the other hand, the market in Middle East & Africa and South America are estimated to expand at a moderate pace during the forecast period.

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Key Players Operating in the Global Optoelectronic Sensors Market

The global optoelectronic sensors market was highly fragmented in 2019. Major players operating in the global market are focusing on technological advancements and expansion to meet the rising demand for optoelectronic sensors. Moreover, manufacturers are signing partnerships for the development of innovative products.

Key players operating in the global optoelectronic sensors market include:

• Ams AG
• Festo
• Leuze electronic
• Pilz India Pvt. Ltd
• Automation24
• Braun GmbH
• Baumer Holding AG

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Scrap Metal Recycling Market Geographical Regions, and Forecast to 2030

Transparency Market Research delivers key insights on the global scrap metal recycling market. In terms of revenue, the global scrap metal recycling market is estimated to expand at a CAGR of ~6% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global scrap metal recycling market.

The scrap metal recycling market is expected to improve with technological advancements in recycling. Development of recycling facilities in developed and developing regions, better waste collection systems, and promotion of metal recycling by manufacturers and governments are likely to help in business growth, and create new business opportunities and increase employment. The Canadian Association of Recycling Industries (CARI) states that the scrap metal recycling industry in Canada employs 160,000 people directly and indirectly. The usage of rare metals in various products and their shortage is also expected to boost the scrap metal recycling market.

The U.S. exporters of scrap metals, paper, and plastic witnessed increased demand in 2019, as growing shipments to Southeast Asia, the Indian subcontinent, and Northern Europe offset a 20.2 percent decline in volume to China, which remains the primary market for recyclables. However, export of recyclables came crashing down in early 2020, due to both supply and demand destruction caused by the COVID-19 pandemic. On the supply side, the global pandemic has idled key industries and services that generate scrap paper and metals. Plunging oil prices have made recycled plastics uncompetitive with virgin plastics. These factors have created a huge slowdown in the scrap metal recycling market in 2020. However, overall the scrap metal recycling market is expected to witness huge growth in 2021 and 2022. The price of scrap metal recycling products also decreased during the COVID-19 pandemic.

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Copper is considered as a precious metal used in electrical components, owing to its ability to conduct electricity safely and efficiently. However, recyclers find it challenging to separate copper from scrap metal. Added purification costs for copper make it undesirable for recycling, since purified copper is necessary for maintaining the conductivity of the metal. Hence, companies in the scrap metal recycling market are establishing fixed sources for scrap copper to avoid additional purification and separation costs.

Apart from copper, iron and aluminum are largely recycled by companies in the scrap metal recycling market. Zato – an Italy-based specialist in scrap metal recycling is capitalizing on this opportunity to cost efficiently produce aluminum, which otherwise is a cost intensive process when done using extraction of the ore.

Steel is gaining prominence in the scrap metal recycling market due to its potential to meet the goal for a fully circular economy. ArcelorMittal S.A. – a Luxembourgish multinational steel manufacturing corporation is augmenting steel’s advantage of high recyclability to eliminate all unnecessary landfilling of residues. High cost of steel production as compared to the supplies of scrap available is grabbing the attention of manufacturers in the scrap metal recycling market.

Even as recycling activities are picking pace, recyclers are expecting that by the end of 2050, there might be a scarcity for scrap steel. Hence, the production of steel from iron ore sources needs continuation in order to create abundance for scrap steel in the upcoming decades.

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India holds lucrative revenue opportunities for companies in the scrap metal recycling market. India’s Ministry of Mines is working toward establishing a sustainable scrap recycling ecosystem with the adoption of cutting-edge technology and optimal processes. The region’s growing demand for metals has caught the attention of investors and other stakeholders in the scrap metal recycling market. The Indian Government’s Make in India initiative is aimed at boosting the manufacturing share of GDP by extending applications for non-ferrous metals in automotive, defense, and power industries.

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