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Growing Demand for Quantum Dots in high-quality display devices is one of the primary growth stimulants for the market

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Global Escalator Industry Analysis - Market Research and Forecast Report to 2024

The global Escalator Market to reach USD 37.7 billion by 2024. Growth in construction industry at large, urbanisation, and investment in infrastructure are among the key factors which are expected to drive the global escalator market over the forecast period. However, safety concerns related to escalators, especially accidents involving children, presents a concern that may affect the deployment rate of escalators.

Asia Pacific presents potential growth market with China and India presenting key growth opportunities for the market. The said countries are witnessing urbanisation and associated infrastructural growth with the development of multiple commercial establishments including shopping malls. Besides, investment in airports and metro projects are also expected to add to the prospect of the market in the coming years. On the other hand, Europe and North America regions are experiencing growth in the modernization segment.

Escalator market is segmented by types as step type escalator, moving walkways, and spiral escalators. Among the three types, step type escalators dominate the global market due to more requirement at places such as shopping malls and museums

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Moving walkways are majorly used at large establishments such as airports. Moving walkways are installed to ease passenger mobility as these are mostly connected from terminal to the gates. On the other hand, spiral escalators are experiencing substantial growth with increase in innovative designs and architectures.

 New installation market holds major share in developing countries such as china and India. While maintenance segment is relatively strong in terms of revenue contribution due to periodic maintenance and repairs of in-use escalators. Countries such as Germany and Canada are witnessing growth in the modernization service segment.

The market is marked by the presence of multiple active players such as KONE CORPORATION, Schindler, Otis Elevator Company, thyssenkrupp AG, Mitsubishi Electric Corporation, Hitachi Ltd., and TOSHIBA ELEVATOR AND BUILDING SYSTEMS CORPORATION.

Hexa Research has segmented the global escalator market on the basis of type, services and region:

Segmentation by type 2014 - 2024 (USD Million)

• Step type escalator

• Moving walkways

• Spiral escalators

Segmentation by services, 2014 - 2024 (USD Million)

• New installation

• Maintenance and Overhaul

• Modernization

Segmentation by region, 2014 - 2024 (USD Million)

• North America

• Asia-Pacific

• Europe

• Middle East & Africa

• Rest of world

 Key players analyzed:

• KONE CORPORATION

• Otis Elevator Company

• Schindler

• Mitsubishi Electric Corporation

• thyssenkrupp AG

• Hitachi Ltd.

• TOSHIBA ELEVATOR AND BUILDING SYSTEMS CORPORATION

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High-Brightness LED Market Analysis, Size, Growth, Demand and Forecast to 2024

The global High-Brightness LED Market size to reach USD 27.28 billion by 2024 and is driven by the rise in the consumer need for resource efficient and low energy lighting solutions. The market was dominated by North America and Asia Pacific together accounting for 62% of the revenue share in 2016.

High-brightness LEDs are semiconductor-based devices which exhibit superior luminosity as compared to traditional LEDs due to the higher current levels and power dissipation. Increasing trend of providing more brightness to improve clarity is expected to augment the growth of the market over the projected period.

Increasing demand for HB LEDs in numerous application segments including automotive, television, smartphones, general lighting, and signs owing to their lower energy consumption and superior brightness is expected to drive the demand. Rising consumer awareness regarding the benefits of using HB LED such as lower power consumption and superior brightness for residential as well as commercial applications are expected to bolster growth.

Demand for these lighting solutions was highest in consumer electronics including laptops, TV backlight and smartphones to provide superior luminescence even in dark lighting conditions. The segment accounted for 56.3% of the market share in 2016 and is expected to continue its dominant trend over the projected period. Increasing consumption of HB LEDs in 4K TVs coupled with the growing sales of these products is anticipated to drive the market over the next few years.

Browse Details of Report @ https://www.hexaresearch.com/research-report/high-brightness-hb-led-market

Automotive is expected to exhibit the fastest growth over the forecast period at a 10.2% CAGR from 2017 to 2024. Although LEDs have penetrated the automotive market, HB LEDs are increasingly used as a safety measure for visibility along with reducing the power consumption. Increasing production of automobiles is expected to propel the sales of these lighting solutions over the next few years.

Keeping these driving factors in mind, companies are ramping up their production capacity as well as seeking out new joint ventures to improve their distribution system. For instance, in March 2017, Samsung signed a MoU with Elec-Tech International (H.K) Co, Ltd. to leverage the latter’s technology and market share in China. On the other hand, ETi is likely to benefit from Samsung’s patent protection and brand strength.

As the demand for high-brightness LEDs has been growing, it has led companies to increase their fabs. The LED manufacturing industry has roughly added 100 new fabs in the last five years increasing the tally to 169 fabs worldwide.

Hexa Research has segmented the global high-brightness LED market based on application and region:

Segmentation by application, 2014 - 2024 (USD Million) • Consumer Electronic • General Lighting • Automotive • Signals and Signage

Segmentation by region, 2014 - 2024 (USD Million) • North America     • U.S. • Europe     • Germany     • UK • Asia Pacific     • China     • India • Rest of the World (RoW)

Key players analyzed: • Lumileds Holding B.V. • Epistar Corporation • Cree, Inc. • MORITEX Corporation • Samsung Electronics • Seoul Semiconductor Company, Ltd. • Osram Licht AG • American Bright • Nichias Corporation • Toyoda Gosei Co., Ltd.

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Gas Sensors Market Size is Likely to be Valued at USD 2,513 Million by 2024

The Global Gas Sensors Market is anticipated to grow beyond USD 2,513 million by 2024 growing at a CAGR of over 6 % over the forecast period (from 2016 to 2024). Various technological innovations, mainly due to the improved manufacturing methods and embedded electronics are projected to augment the growth of the global market. In addition, the rising demands from various end-use industries are also estimated to positively impact the global industry. The global market is categorized as products, technology, end-uses, and regions.

The product sector comprises Nitrogen Oxides (NOx), Oxygen (O), Carbon Monoxide (CO), and Carbon Dioxide (CO2). The oxygen sensor sector occupied over 10 % of the total market revenue in 2015. It is further projected to grow rapidly over the next few years. However, the NOx sensor sector is anticipated to become the fastest-growing segment with a CAGR of over 7 % over the estimated years. The CO2 sensor sector has also been experiencing increased demands from the bulk food storage segment. However, the high costs of these CO2 sensing products are likely to hamper the sector growth in near future.

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The technology sector includes electrochemical, infrared, semiconductor, solid state, catalytic, and Photoionization Detector (PID). The electrochemical sector is anticipated to dominate the global gas sensors market during the forecast period. The infrared technology sector is estimated to grow at the maximum CAGR of over 6 % during the forecast period.

The end-use segment involves industrial, environmental, petrochemical, building automation & domestic appliances, automotive, and medical. The industrial sector was the biggest end-use sector in 2015 and is projected to maintain its dominance even during the estimated years. The medical sector is also said to be one of the high growth avenues. It is likely to grow more rapidly than the global average, with a CAGR of over 6 % over the forecast period.

Geographically, Asia-Pacific was the largest regional gas sensors market in 2015 and held over 27 % of the global revenue. The region is further said to be the fastest-growing regional market with a CAGR of over 7 % from 2016 to 2024. The Europe region is also estimated to witness a rapid growth in the near future.

Some of the major players in the gas sensors market include Membrapor AG; City Technology Ltd.; AlphaSense Inc.; Dynament Ltd.; and Figaro Engineering Inc.

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Automotive Relay Market Share, Size, Growth and Forecast to 2020 | Hexa Research

Global Automotive Relay Market is anticipated to reach USD 12 billion by 2020, as per a new research report by Hexa Research Rising need for high-frequency signals in automotive industry is expected to drive demand. These relays enhance driving experience and provide greater safety for consumers. Escalating adoption rate of sophisticated electronic equipment coupled straight government initiatives regarding safety is likely to favor automotive relay market growth prospects. However, lack of standardization in components is likely to challenge industry participants.

PCB replay was the leading product segment and was valued USD 5,500 million in 2013. It is expected to gain significant market share and reach USD 8,500 million at a CAGR of 6% from 2014 to 2020. Miniaturization of electromechanical relays is likely to promote its demand. Plug-in relays were the second largest product segment and accounted for over 32% share of the overall revenue in 2013. Increasing usage of electronic control modules along with electronic components are factors responsible for demand growth.

Browse Details of Report @ https://www.hexaresearch.com/research-report/automotive-relay-market

Key report insights suggest:

- Global automotive relay market was valued USD 8,372.0 million in 2013 and is likely to reach USD 12,584.5 million by 2020 growing with an estimated CAGR of 6.2% from 2014 to 2020.

- Global demand in convenience was USD 885.4 million in 2013 which is expected to reach USD 1,255.8 million by 2020, growing at a CAGR of 5.3% from 2014 to 2020. Driver information is projected to be fastest growing application segment and accounted for 5% of the industry share in 2014 growing at an estimated CAGR of 6.7 % from 2014 to 2020. Increasing communication coupled with smartphone proliferation is expected to be the key driving force for the growth.

- Asia Pacific dominated the regional demand with an estimated market share of 50% in 2013. This region is also expected to be the fastest growing region, growing at a CAGR of 7% from 2014 to 2020. Availability of raw materials and low labor costs are driving factors for the region. Europe is the second largest regional segment and is expected to reach USD 2,733.3 by 2020.

- China is the largest contributor for automated relay market growing at a CAGR of 6.5 over the forecast period. India is expected to be the fastest growing region owing to increasing disposable.

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About Us:

Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us:

Ryan Shaw Hexa Research Felton Office Plaza 6265 Highway 9 Felton, California 95018 United States Phone: +1-800-489-3075 Email: sales@hexaresearch.com Website - http://www.hexaresearch.com/ Visit Our Blog - https://hexaresearchinc.wordpress.com/

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Global Piezoelectric Accelerometers Market Research Report - Industry Analysis and Forecast to 2021 | Hexa Research

An accelerometer is a type of sensor that measures force due to acceleration of the sensor. A piezoelectric accelerometer utilizes the piezoelectric effect of certain materials to measure dynamic changes in mechanical variables, such as mechanical shock, vibration and acceleration. Piezoelectric accelerometers convert one form of energy into another and provide an electrical signal in response to the condition, property or quantity. Acceleration acts upon a seismic mass that is restrained by a spring or suspended on a cantilever beam, and converts a physical force into an electrical signal.

This force is applied directly on to the piezoelectric material, usually crystals, which modify its internal alignment of negative and positive ions and results in accumulation of a charge on the opposite surface. This charge is calculated as the voltage generated by the piezoelectric material or the accelerometer, when being exposed to stress or vibration. Piezoelectric accelerometers have various implementations and applications in industrial devices and applications that rely on the evaluation of mechanical force and vibrations for their operation.

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Piezoelectric accelerometers may or may not include integrated signal-conditioning circuitry. Signal-conditioning circuitry receives the raw voltage output from the accelerometer’s piezo sensors. It then converts it into a more suitable signal that’s more readily processed by instrumentation. The Global Piezoelectric Accelerometers Market is segmented on the basis of type, application, and region. On the basis of types, the global market is classified into high and low impedance.

High impedance accelerometers have a charge output that is converted into a voltage using a charge amplifier or external impedance converter. Low impedance units use the same piezoelectric sensing element as high-impedance units, and incorporate a miniaturized built-in charge-to-voltage converter and external power supply coupler to energize the electronics and decouple the consequent DC bias voltage from the output signal. On the basis of forms, the global market is classified into Piezoelectric charge (PE) accelerometers, IEPE accelerometers.

IEPE stands for Integrated Electronics Piezo Electric and defines a class of accelerometer that has built in electronics. Precisely, it defines a class of accelerometer that has low impedance output electronics that works on a two wire constant current supply with a voltage output on a DC voltage bias. On the basis of material, the global market is classified into single crystal (quartz and Rochelle salt), and ceramic materials. On the basis of application, the global market is classified into Aerospace and defense, automotive, pharmaceuticals and chemicals, semicon & electronics, energy/power, general industrial, other. Aerospace comprises modal testing, wind tunnel, and shock tube instrumentation; landing gear hydraulics; rocketry; ejection systems.

Geographically, the global market is segmented into North America (USA, Canada and Mexico), Europe (Germany, France, England, Russia and Italy), Asia Pacific (China, Japan, Korea, India and Southeast Asia), South America, Middle East and Africa. The key players are PCB Piezotronics, Meggitt Sensing Systems, Bruel and Kjaer, Honeywell, KISTLER, Measurement Specialties, and Dytran Instruments.

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Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us:

Ryan Shaw Hexa Research Felton Office Plaza 6265 Highway 9 Felton, California 95018 United States Phone: +1-800-489-3075 Email: sales@hexaresearch.com Website - http://www.hexaresearch.com/ Visit Our Blog - hexaresearch1.blogspot.com

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Laser Marking Machine Market Analysis, Size, Share, Growth and Forecast to 2024 | Hexa Research

Laser is a device that emits a beam of coherent light through an optical amplification process. A laser can be considered as a system which stores light energy and releases it in a much localized area, the emitted energy has very high density energy. Laser Marking, also known as laser engraving or laser etching, is a marking method which utilizes laser light to mark materials using a fine spot diameter ranging from 0.002' to 0.01'. The laser marks with short pulses (30 nanoseconds), providing precise control, and negligible heat input to the part.

Laser marking stands for marking or labeling of work pieces and materials with a laser beam. It is the production of human- and/or machine-readable identification or information on a material such as barcode, date/lot code, serial number or part number, others. A fast and clean technology, laser marking is rapidly replacing older marking methods. The Global Laser Marking Machine Market is segmented on the basis of type of machine, applications, and region.

On the basis of type of machine, the global market is classified into Fiber laser marking machine, CO2 laser marking machine, End-pumped laser marking machine, Side-pumped laser marking machine, hybrid laser marking machine, laser engraving machine, UV laser marking machine, others. CO2 laser marking machine – is an ultrafine marking machine for non-metal marking. It incredibly imprints over glass, plastic, acrylic, and many other materials. Its crystalline marking works on wrappers and packages.

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UV laser marking machine delivers high contrast, permanent codes allowing product lifetime track and trace for pharmaceutical, medical device and cosmetic manufacturers. Laser engraving machine, which is a subgroup of laser marking, is the practice of using lasers to engrave an object. A laser engraving machine usually consists of three main parts: a laser, a controller, and a surface. The laser is like a pencil, the beam emitted from it allows the controller to trace patterns onto the surface. On the basis of forms of laser marking, the global market is classified into Annealing laser marking, carbon migration laser marking, foaming laser marking, and coloration laser marking. Annealing laser marking – refers to an oxidation process of applying heat to a surface material. It is common in medical industry with applications such as internal tracking and branding.

Carbon migration laser marking - it can be applied to metal and metal alloys. Carbon migrates to the surface via a heating process which produces dark markings. Heat is applied at a rapid pace. It can be used in Aerospace, jewelry engraving, metal working, and others. Foaming Laser Marking - is used when a plastic is darker and the desired end result is a lighter color (usually white, gold or various tan shades). This change in color occurs by creating a molten burn on the surface that is both contained and controlled. When the surface is melted, it creates an atmosphere of foaming gas bubbles. Foam laser marking can be used for marking on ink cartridges, keyboards, cosmetic packaging, others.

Coloration Laser Marking - The process of adding color to a plastic or metal, or coloration laser marking, is created by heating specific parts of a surface based on the anticipated outcome. Modifying the surface by controlling its pulse frequency, width, and more will result in varying colors and shades. Metal coloration occurs with an oxidation process. It can be used in creating decorative jewelry, color coating ear tags for cattle, and marking colors on a bottle cap.

On the basis of materials, the global market is classified into Metals: Stainless steel, aluminum, gold, silver, titanium, bronze, platinum or copper, Plastics: ABS, polycarbonate, polyamide, PMMA or plastics with laser additives, Paints, Foils and films and packaging, Laminates. On the basis of technique, the global market is classified into photo masking and the beam steering.

On the basis of application, the global market is classified into high-speed characters, logos, graphics, bar codes, 2D Data Matrix marking. Geographically, the global market is segmented into North America, China, Europe, Southeast Asia, Japan, and India. The key players are, Telesis Technologies, Videojet, Epilog Laser, Tykma, Mecco, Laserstar, Universal Laser Systems, Gravotech, Rofin, Trotec, FOBA, Trumpf, Eurolaser, Keyence, Hans Laser, and Huagong Tech.

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Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us:

Ryan Shaw

Hexa Research

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Microwave Absorber Market Size, Share, Growth and Forecast to 2021 | Hexa Research

Absorbers in microwave are materials that lessen the energy in an electromagnetic wave. Absorbers are used in an extensive range of applications to eradicate stray or unwanted radiation that could obstruct with a system’s operation. Absorbers can be used externally to decrease the reflection from or transmission to specific objects and can also be used internally to lessen oscillations caused by cavity resonance. They can also be used to recreate a free space environment by eliminating reflections in an anechoic chamber.

The factors that propel the growth of the global Microwave Absorber market research report includes rise in spending on defence systems. In addition, growth in the electronic segment and ever increasing demand for finished electronic goods will continue to boost the growth of the global Microwave Absorber market. On the other hand, there are also factors that hamper the growth of the market such as taxes imposed on raw materials and finished goods of microwave absorbents. In addition, unfavourable export & import policies can hinder the growth of the market. The global Microwave Absorber market research report is classified on the basis of forms, product type, applications and geography.

On the basis of forms, the global Microwave Absorber market research report is classified as insertion loss microwave absorbers, reflectivity microwave absorbers, magnetic microwave absorbers, dielectric microwave absorbers and moldable microwave absorbers. Insertion loss microwave absorbers aim to reduce the microwave signals during its journey from one point to another. Reflectivity microwave absorbers on the other hand simple reflect the microwave signals.

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Magnetic absorbers make use of a filler with ferromagnetic properties. This provides the absorber a high permeability and high magnetic loss. Advantages include the ability to greatly compress the wavelength owing to the high permeability aiding quarter wavelength resonant absorbers at a thickness that are a fraction of the free space wavelength. Moreover, magnetic absorbers are best for cavity resonance damping since the magnetic field is a maximum on the conductive surface where the absorber is placed.

Disadvantages of magnetic absorber include its weight and high cost. Magnetic absorbers come in numerous elastomer forms comprising silicone, urethane, nitrile and neoprene. The matrix material is usuallyselected for its physical properties. Magnetic absorbers are also available in a rigid epoxy form. These absorbers are easy to machine and are mostly used in load applications.

Dielectric absorbers have no magnetic properties. The loss mechanism is purely dielectric. The loss can rise from a range of sources within the dielectric. Dielectric absorbers are typically made in a low cost foam form but can also be used with elastomers. Advantages are low cost and weight. Disadvantages are higher conductivity preventing usage in contact with electronic equipment and their dearth of performance in most cavity resonance applications owing to their lack of magnetic absorption.

Both magnetic and dielectric absorbers are available in moldable forms. This could be a two-part liquid which cures at room or higher temperatures or could be in the form of injection moldable pellets. On the basis of applications, the global Microwave Absorber market research report is classified as military & defence, automation, electronics & telecommunications, chemicals, textiles and healthcare.

On the basis of geography, the global Microwave Absorber market research report is classified as North America, Europe, Asia Pacific and Rest of the World. In case of geographical region, North America is projected to account a major share of the global Microwave Absorber market research report due to its defence sector which is a major consumer.

On the other hand, Asia Pacific is expected to witness significant growth rates in the upcoming years owing to the electronic component manufacturing sector. Some of the key players that fuel the growth of the global Microwave Absorber market research report include Cuming Microwave Corporation, Laird, Western Rubber & Supply, Inc., ARC Technologies, DMAS, MAST Technologies, Murata, Parker Chomerics, COMTEST, and Kemtron.

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Global LED Lighting Drivers Market Share, Size, Growth and Forecast to 2021 | Hexa Research

In light bulbs, light is generated by a tungsten wire which only converts a small portion of energy into visible light. This principle was followed for many years due to its simple structure & pleasant light. LED lights although have a higher luminous efficacy than light bulbs, luminaires were not considered as a replacement for light bulbs. So, in comparison to light bulbs LEDs need special attention on the power source which means, if LED’s are insufficiently supplied with energythe light keeps flickering or is perceived as choppy.

Special circuits are necessary to convert the mains voltage to a precisely matching voltage for connected luminaire. These circuits are power supplies mainly optimized for LED’s and are basically known as LED Lightning drivers. Increasing energy regulations and other factors are now resulting into energy savings associated with LED’s. LED requires driver mainly to run on a low voltage and direct current electricity; and also LED driver rectifies higher voltage, alternating current to low voltage and direct current. LED drivers also protect LED’s from voltage or current flickers. Change in voltage causes a change in current being supplied to the LED’s. Hence, too much or too little current can cause light output to vary or degrade rapidly owing to higher temperatures within the LED.

At a glance, LED drivers convert higher voltage, alternating current to low voltage, direct current and LED drivers keep the voltage & current flowing through an LED circuit at its standard level. Also, it is important to make a wise selection between constant-current drivers, constant-voltage drivers and AC LED drivers.

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Commercially, the global LED driver market is anticipated to grow at a higher CAGR owing to green initiatives and power saving resolutions. Ready availability of LED bulbs and LED lighting drivers result in saving millions of dollars on energy expenditure. Therefore, with the rising popularity and overwhelming response by the audience, the LED lightning driver market is estimated to grow at a double-digit CAGR during the assessment period.

The key driving factors responsible for the growth of global LED lighting drivers market includes growth in demand of LED in lighting applications such as retail outlets, street lights, residential complexes and rapidly growing usage within the commercial applications. Additionally, residential & commercial application of LED lighting propels the market demand for LED drivers.However, the market hindering factors is lack of understanding the gap between cost and benefit by the user.

On the basis of driving method, the global LED lighting drivers market is segmented into constant volume and current volume. On the basis of end-user segment, the global LED lighting drivers market is segmented into residential and commercial. On the basis of luminaire segment, the global LED lighting drivers market is segmented into A-type Lamps and T-type Lamps.

On the basis of geographic segmentation, the global LED lighting drivers market spans North America, Europe, Japan, China, Southeast Asia and India. Southeast Asia is estimated to grow at a higher CAGR during the forecast period owing to faster growing economies like India & China. It has technologically and economically advanced economies of Japan and South Korea. India has a biggest consumer base for LED lighting products which is driving the LED market in Indian market. Strong presence of manufacturers in China are constantly enhancing consumption, conductivity and voltage aspect of LED is anticipated to upsurge the LED demand.

The key players in the global LED lighting drivers market include Texas Instruments, Inc., Osram GmbH, Harvard Engineering, Maxim Integrated, Inc., Macroblock, Inc., Cree, Inc., Rohm Semiconductors, General Electric and Atmel Corp.,

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Contact Us:

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Global Ice Maker Market Share, Size, Share, Growh and Forecast to 2021 | Hexa Research

An ice maker is a device for making ice, found inside a home freezer, a stand-alone appliance or an industrial machine for making ice on a large scale. The size of an ice maker basically depends on its requirement. A typical ice maker consists of a control module, motor, thermostat, heater terminal, valves, and blades.

The primary factor that propels the growth of the global Ice Maker market research report includes expanding fast food chains all over the world. There is an increased requirement to store perishable items, mainly food and food ingredients. Moreover, there is an increased intake of beverages which require ice. Furthermore, butcher shops also require ice in order to display fresh meat, seafood, and fish.

In addition, the healthcare industry also significantly fuels the growth of the global Ice Maker market research report owing to increase in life expectancy. The healthcare industry increasingly uses ice maker machines for several critical applications such as storing organs and for rehabilitation procedures.

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Furthermore, a number of biotechnology, biochemistry, microbiology, and genetic engineering laboratories also have a continuous need for ice to store biological samples and permit transportation to other facilities. The global Ice Maker market research report is classified on the basis of product type, end-users and geography. On the basis of product type, the global Ice Maker market research report is classified as ice cube, ice flake, and ice nugget.

Among the product type, ice cube market is projected to hold a large share of the global Ice Maker market research report. The key factor that fuels the growth of this segment is owed to the its extensive used in the food and service industry. On the basis of end-users, the global Ice Maker market research report is classified as food and services, healthcare, retail outlets/grocery stores, and residential users. Among the end-users, food and services segment is expected to account a major share of the global Ice Maker market research report.

The key factor that drives the growth of food and services segment is owed to the ever increasing number of restaurants, bistros and eateries all over the world. They need ice in several forms such as cubes or flakes for their day-to-day processes, which comprise storage of food and food ingredients and serving outdoor food. On the basis of geography, the global Ice Maker market research report is classified as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific and Middle East and Africa.

The North American region consists of the U.S. and Canada. Latin America region consists of Mexico, Brazil, Peru, Chile, and others. The Western European region consists of Germany, England, France, Spain, Italy, Nordic countries, Belgium, The Netherlands, and Luxembourg. The Eastern European region consists of Poland and Russia. Asia Pacific region consists of China, India, Japan, ASEAN, Australia, and New Zealand. Middle East and Africa region consists of GCC, Southern Africa, and North Africa.

In case of geographical region, North America is projected to account for a dominant share of the global Ice Maker market. The key factors that attribute to the significant growth of ice maker market in North America is due to the presence of large number of restaurants, rise in outdoor eating habits of people, and presence of well-known retail chains and supermarkets.

On the other hand, Asia Pacific ice maker market is expected to grow considerably during the forecast period due to the rapid development of the food service industry. Some of key players that fuel the growth of the global Ice Maker market research report include Hoshizaki, Ice-O-Matic, Manitowoc Ice and Scotsman Ice Machines. The other prominent players operating in the global Ice Maker market research report include Bionics Scientific Technologies, Brema Ice Makers, Cornelius, Electrolux, Follett, Howe, KOLD-DRAFT, MAJA, and Telstar.

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Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us:

Ryan Shaw

Hexa Research

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Global PCB Design Software Market Share, Size, Analysis, Trends, Growth and Forecasts, 2021| Hexa Research

Printed circuit board (PCB) design software is used in order to design printed circuit board. A printed circuit board (PCB) mechanically supports and electrically connects electronic components using conductive tracks, pads and the other features. All components on the board are soldered and interlinked by the copper tracks. The PCB can be a single layer and can go up to many layers. 

PCB design software is used by engineers for designing the printed circuit board on a device, by means of several features that aim to address problems an engineer faces such as those associated to signal and power integrity, while designing a PCB and ease the overall designing process. PCB design software is incorporated with other related software such as PLM, which assists engineers to give a better understanding regarding designs and layouts of PCBs.

The key factor that propels the growth of the global PCB Design Software market research report include need to reduce time, cost and eliminate problems faced during product development. In addition, improved efficiency, rising use of PCB design software to design complex PCB for several applications such as contemporary automobiles, medical devices, communication devices etc. is projected to fuel the growth of the market across the globe.

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Moreover, there is rising Expenditure on Research and Development activities which stimulates the growth of the market. On the other hand, there are also factors that hamper the growth of the market such as lack of skilled personnel and also use of pirated software. In addition, rapid introduction of new technologies may also restrain the growth of the market. The global PCB Design Software market research report is classified on the basis of product type, applications, end user and geography. On the basis of product type, the global PCB Design Software market research report is classified as basic type and professional type.

On the basis of applications, the global PCB Design Software market research report is classified as consumer electronics, computer, communication electronic, medical equipment, automotive electronics and others. Among the applications, consumer electronics is projected to hold a major share of the global PCB Design Software market research report. The main factor that fuels the growth of this segment is owed to increasing popularity and use of smartphones and smart wearable devices worldwide.

On the basis of end user, the global PCB Design Software market research report is classified as high-end software, mainstream software and low-end software. Among the end user, the mainstream segment is projected to account a major share of the global PCB Design Software market research report. The key factor that attributes to the growth of the segment is owed to advanced features in the software at an affordable price. The mainstream software segment is followed by high-end software.

On the basis of geography, the global PCB Design Software market research report is classified as North America, Europe, Asia Pacific, South America and Middle East and Africa. The North American region consists of U.S., Canada, and Mexico. The European region consists of Germany, France, England, Russia and Italy. Asia Pacific region consists of China, Japan, Korea, India and Southeast Asia.

In case of geographical region, North America is projected to dominate a major share of the global PCB Design Software market research report. There is increasing investments in research and development in North America which fuels the growth of the market. On the other hand, Asia Pacific is projected to account the second largest share of the global PCB Design Software market research report.

Some of the prominent players that fuel the growth of the global PCB Design Software market research report include Mentor Graphics Corporation, Cadence Design Systems, Zuken Inc., Altium LLC, ANSYS, Inc., Synopsys, Inc., WestDev Ltd., Autodesk Inc., CadSoft, Novarm, and Shanghai Tsingyue.

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Air Compressor Market Share, Size, Analysis, Growth, Trends and Forecasts, 2016 to 2024 | Hexa ResearchAir Compressor Market

The Global Air Compressor Market is projected to be worth USD 41 billion by 2024 with a CAGR of over 4.5 % during the forecast period (from 2016 to 2024). The air compressors act as trustworthy power sources for tools and machines in the building & construction industry as well as for several other industrial applications. The rising costs if raw materials are likely to impact the market price trend directly.

Rising power efficiency measures are also estimated to boost the global market and propel the product development initiatives. Various advantages like low maintenance and ease of handling are likely to positively impact the market for portable air compressors. The global market is divided into technologies, products, lubrications, applications, and regions.

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The technology sector includes centrifugal, rotary (screw), and reciprocating. The rotary air compressor sector occupied over 45 % of the total market revenue in 2015. The centrifugal air compressor sector is anticipated to grow at a CAGR of over 4 % during the estimated years. The reciprocating air compressor sector is expected to exceed USD 8 billion by 2024.

The product sector comprises stationary and portable air compressors. The portable air compressors held more than 40 % of the overall market share in 2015. The sector is further anticipated to experience huge growth in the near future. The rising demands for better air quality and reliability are estimated to boost the growth.

The lubrication sector encompasses oil-filled and oil-free lubrications. The oil-free lubricant sector exceeded USD 10 billion in 2015. Various factors such as cost-efficient operation, reduced maintenance, etc. are likely to drive the growth. The oil filled lubricant sector is said to remain the dominant sector over the coming years.

These devices have a wide range of applications including manufacturing, food & beverage, home appliances, oil & gas, semiconductors & electronics, energy, and healthcare. The manufacturing sector is estimated to continue being a leader over the forecast period.

The Asia-Pacific region is expected to grow at CAGR of over 5 % over the estimated years. The rising demands in the Europe and North America regions are projected to remain stable during the forecast period.

The major companies in this market are Ingersoll-Rand Inc.; Bauer Group; Atlas Copco Group; and General Electric Co.

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Airport Security Market Analysis, Size, Share, Growth and Forecast to 2024 | Hexa Research

The worldwide airport security market was valued over USD 8.4 billion in 2014. It is expected to be around USD 13.4 billion by 2024 (2016 to 2024 - forecast period). Increase in air travel should drive the need for well-organized security systems. These systems comprise software for better monitoring, detection, & risk prevention. Terrorism and crimes have encouraged worldwide governments to make airport security stricter and keep the same a higher priority.

Diverse & innovative solutions and technological advances have driven the airport security market. Augmented demand for more effective screening to decrease ‘passenger’ hassles & enhance safety is also anticipated to propel market growth in the near future. New infrastructural developments & airport constructions provide growth prospects to the market.

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Governmental mandates have driven innovative safety systems, thus propelling market revenues. Conversely, ‘economic turmoil’ leading to deficiency in funds for new developments & constructions can hinder the market. Also, the up gradation of old airports is likely to hamper market flow. High costs of new technologies may prevent market growth.

Suppliers and distributors execute a pivotal role in procuring small products;   like access controls, CCTV cameras, and hand-held devices. Large-size equipments, such as road-blockers or bollards, x-ray scanners, and detectors are obtained directly from vendors on lease or purchase orders. The airport security market is divided into technologies and geographies.

Technologies include access controls, screening, cyber security, surveillance, perimeter security, and others. Access controls comprise keypads, card readers, vehicle controls, and biometric authentication.

Screening occupied more than 45% shares in 2015. It encompasses full body scanners or metal detectors, human pat-down searches, hand-held detectors, and walk-throughs.

Large passenger volumes have boosted advanced screening systems; like backscatters, X-ray technology, and millimeter wave. Cyber security technology protects critical data and IT infrastructure. These details are crucial for computer reservation & global distribution systems. They are also important for air traffic control information systems.

The said segment would experience the fastest growth till2024. Its growth can be attributed to innovative technologies and novel trends; such as IoT (Internet of Things), cloud storage, and Big Data.

Geographies consist of North America, Latin America, Europe, Asia Pacific, and Middle East & Africa (MEA). North America dominated the market in the recent past. Middle East and Asia Pacific are predicted to contribute global market sales. Regional expansion owes to rising infrastructural developments and passenger volumes.

Threats to the aviation industry from criminals and extremist groups have emphasized the need for improved, well-maintained, and advanced security systems. In late 2013, the ‘International Air Transport Association’ (IATA) and ‘American Concrete Institute’ (ACI) jointly signed a memorandum to develop ‘Smart Security’ or ‘Smart S.’ 

‘Smart S’ was an initiative focused on enhancing the efficiency, safety, and experience of airport passengers. The global airport security market is consolidated, fragmented, diversified, and competitive. Some of its key players are American Science & Engineering, L-3 Security & Detection, Safran Morpho, and Smiths Detection.

American Science & Engineering generated about 50% of the total incomes in 2014. Collaborations and agreements are the frequent strategies through which competitors try to gain an edge over others.

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Machine Condition Monitoring Market Size | Industry Report, 2024 | Hexa Research

The global machine condition monitoring market is expected to be valued at USD 1.56 Billion in 2016 and it is anticipated to grow at an approximate CAGR of over 8% over the forecast period 2016 to 2024.

Growing demand for use of wireless technology is expected to remain a key driver for the growth of the market. Advancement in technology is anticipated to spur the market growth over the forecast period.

Increasing growth in the heating ventilation and air conditioning (HVAC) is expected to have a positive impact on the market growth. The surging demand for smart factories and transition from preventive to predictive maintenance in diverse process industries is anticipated to boost the demand over the next eight years.

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Remote monitoring and growing penetration of industrial internet of things (IoT) is expected to fuel the market growth over the forecast period. These devices are used for health monitoring and to reduce the unexpected failure such as temperature, measurements, humidity, pressure, noise and vibration.

Unpredictable maintenance period and modification in existing or old devices are expected to be a restraint in the machine condition monitoring market. Higher cost of the machine decreases the adoption rate and it is anticipated to be a hindrance in the market growth

Growth in the wind energy market and condition monitoring using cloud technology is expected to offer lucrative growth opportunities to the key industry player. Coupling integrated condition monitoring technique with management systems such as plant asset management and computerized maintenance management system is expected to be a major challenge in the machine condition monitoring market.

Machine condition monitoring market is expected to have significant demand from renewable power sectors include solar power, wind power, and nuclear power over the forecast period. It is used for testing and monitoring purpose in the renewable energy sector.

The machine condition monitoring market has been segmented on the basis of types such as ultrasound emission, vibration monitoring, thermography, lubricant oil analysis, corrosion monitoring and motor current signature analysis.

Vibration condition monitoring (VCM) is the process of collecting periodical vibration data for the purpose of predictive maintenance. It also provides solutions to a diverse range of machine across all segments such as petrochemical, mining, mineral processing and power industries.

Ultrasound emission condition monitoring can detect incipient faults in bearings and adequacy of lubricants. Infrared thermography condition monitoring is the process of using a thermal imager to detect the infrared radiation which is emitted during the mechanical operations.

The machine condition monitoring market has been segmented on the basis of the component include the vibration sensor, ultrasound detector,  infrared sensor, spectrometer, corrosion probes and spectrum analyzer.

The spectrometer is a device used for measuring wavelength of light for a wide range of the electromagnetic spectrum. It has wide application scope such as space exploration, a respiratory gas analysis in the hospital, monitoring dissolved oxygen content in marine and freshwater ecosystems and characterization of proteins.

The machine condition monitoring can be segmented on the basis of process include portable condition monitoring and online condition monitoring

The machine condition monitoring systems have wide application scope in end-use industries include aerospace and defense, chemicals, automotive, oil & gas, marine, energy & power, and metal & mining.

North America is expected to be a dominant player in the machine condition monitoring market owing to surging demand for monitoring systems in oil & gas, energy, mining and chemical industries.

Asia Pacific is anticipated to witness exponential growth over the forecast period owing to emerging economies and high FDI investment for the manufacturing sector is driving the demand in this region.

Europe is also expected to witness steady growth owing to surging aerospace & defense sector and a new change in trend towards renewable energy sector have a positive impact over the next eight years.

The machine condition monitoring market is highly fragmented with the presence of a huge number of small and large scale companies. Some of the industry participants in the market include FlIR Systems, Bruel & Kjaer Sound & Vibration Measurement A/S, General Electric Company, Azima DLI Corp., Emerson Process Management, Parker Hannifin, Rockwell Automation, Inc., Honeywell International Inc., National Instruments Corp., and SKF.

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Global Image Sensor Market is Estimated to Reach Over USD 12,030 Million by 2020 - Hexa Research

According to the Recent Research Study by Hexa Research, global market of image sensor is estimated to reach over USD 12,030 million by 2020.Image sensors are mainly used in Tablets and Camera phones. Hence, rapid growing demand and use of these devices is likely to be major factor for growth the market. Image sensor detects and conveys that information that constitutes an image. Image sensor shipments were expected to cross around 1,797 million units in 2012 globally. They are estimated to reach 3,009 million units by the year 2020, with growing CAGR 6.6% from 2015 to 2020.CMOS image sensors provide numbers of profits counting super image quality more than their CCD counter parts. In 2012, CMOS image sensors dominated the market globally, contributing for over 82% of total shipments. Contact image sensors need less power and can also be used in smaller devices, this segment is expected to grow at CAGR for around 5.1 % from 2015 to 2020.

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Report also stated that, Consumer electronics was expected to be the leading application segment in last few years in volume and cost terms, fueled by rising demand of tablets and mobile phones. Growing demand and usage of camera in Defense sector is expected to fuel the market demand in next five years. Few of the these systems need to be accessed on batteries on field, By which cosmos sensors use on less power that plays a fundamental role for global market demand. CMOS sensor enables the electronic pan and stabilization when there is low light sensitivity. These CMOS sensors cannot be used for scanning purpose. Europe and North America is expected to grow rapidly in next few years. With increased awareness of application of sensors, favorable government rules and regulation and also rapid growth in automobile industry is the major reason for development of Image sensor market globally.

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Field Programmable Gate Array (FPGA) Market Share, Size, Analysis, Growth, Trends and Forecasts, 2016 to 2024 | Hexa Research

Field-programmable gate array (FPGA) is an integrated circuit which can be reprogrammed according to the application or functionality. In this way, it can be mass-produced to be used in major consumer electronics. It offers benefits such as rapid prototyping, easy debugging, and low risk & cost.

The FPGA market is projected to attain above USD 10 billion by 2024. It stood near USD 6 billion in 2015. It is projected to exhibit a CAGR of over 9% over the forecast period (2016-2024). Customized integrated circuits are a key driving factor of the market.

Electronic utilities and demand for additional devices in automotives can result in a market upswing. This can lead to the growth of Hybrid Electric Vehicles (HEVs), resulting in additional demand for FPGA. Design complexities and substitute technology like Application Specific Integrated Circuits (ASICs) could pose a market challenge.

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The field-programmable gate array market is segmented by applications and geographies. Automotive, telecommunication, consumer electronics, data processing, military and aerospace, and industrial constitute as major market applications. Telecom had a 33% market share in 2013. It is estimated to grow at a 9.8% CAGR till 2024.

Consumer electronics had a 12% revenue share in 2015 and expects a rapid growth rate over the next six years. Prominent use of technologies such as 3D visualization, advanced front-lighting system (AFS), GPS maps, and collision avoidance system in automotives, will boost this segment’s demand. Moreover, military and aerospace applications like SONAR and RADAR in unmanned vehicles and warfare are expected to contribute to the FPGA market growth.

Regions covered by the market are North America, Europe, Asia Pacific, and RoW (Rest of the World). Asia Pacific was the largest field-programmable gate array market in 2015, owing to applications in consumer electronics and telecommunications. This region is likely to grow at a CAGR above 9% during the forecast period. Telecom sector in North America was valued to be USD 540 million in 2013. It is predicted to exhibit the fastest growth rate from 2016 to 2024. Industrial and automotive applications will serve as key drivers for this region.

Notable players of the FPGA market are Altera, Lattice Semiconductor, Microsemi Corporation, and Xilinx. Technological improvements and product launches are common strategies adopted by these players.

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4K Camera Market Share, Size, Analysis, Growth, Trends and Forecasts, 2016 to 2024 | Hexa Research

The global 4K camera market is expected to grow at a healthy CAGR of over 20 % during 2016 to 2024 (forecast period). The same will be credited to its multiple applications in consumer electronics, entertainment, and education industries. Additionally, high quality videos & images offered by these cameras can drive the overall industry. 4K cameras provide a resolution that is four times higher than standard/HD (high definition) ones.

The industry can drive ‘4K camera’ changes along with ‘broadcasting system’ innovations. 4K technology is likely to render a mark in various ‘digital media’ segments, such as TV screens and digital cameras. 4K advancements coupled with escalating demand for ‘high resolution’ images should augment market demand.

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However, high prices along with large-sized zooms preferred by professional or skilled broadcasters may hinder the industry. Manufacturers are now focusing on the development of 2/3 inch ultra HD devices. The latter reflect the market values for outdoor broadcast applications; such as ‘live sports production.’

Additionally, the acquisition of 4K devices is anticipated to be mandatory for new devices in the next eight years. These novel devices play a significant role in sports; like tennis, cricket, football, etc. The introduction of ‘mirror-less’ ultra HD cameras will provide users with better focusing systems and more compact size.

Bigger sensors offered by such cameras can positively impact the overall industry Also, the flexibility of interchangeable lenses should boost market incomes.

The worldwide industry is categorized as per applications and regions. Applications comprise defense & aerospace, entertainment, consumer electronics, retail & advertisement, and education & business. Various ad agencies are estimated to use 4K camera devices to promote their products and attain greater industry traction.

4K cameras have witnessed significant consumption from the education and business industries. Another key application of these cameras is medical. Medical applications require ‘high-resolution’ to make right decisions concerning the patients.

The adoption of ‘high-resolution’ cameras during surgeries is the key to getting clearer body images and ensuring effective medical procedures. Geographically, the Asia-Pacific 4K camera market size would experience substantial growth till 2024. This may be ascribed to rising usage of 4K devices in the region.

Various factors in North America like increasing population, high consumer disposable earnings, and demand for high-resolution images & videos are predicted to propel regional sales. This will be true specifically regarding the U. S. and Canada. European nations such as the Netherlands, Germany, Switzerland, etc. could also face higher demand. Developing economies like India & some others are estimated to observe huge demand for 4K cameras in the near future.

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Major companies operating in the worldwide 4K camera market and related products are Axis Communications A. B.; Canon Inc.; Panasonic Corp.; Bosch Security Systems; and Infineon Technologies A. G.. Most of these companies vie for increased shares and better global presence in the coming eight years. Panasonic gained a strong foothold on commercial HD cameras with its original VariCam HD ones. The New ‘VariCams’ utilize modular configurations, with each of them adopting similar docking electronic backs.

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Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

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