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Testing, Inspection, and Certification Market – Growth, Trends, and Forecast (2019 – 2024)
| Electronics | Published by: Mordor Intelligence | Market: |
| 100 pages | Published: 13-06-2019 |
- Electronics
- Mordor Intelligence
- 100 pages
- Published: 13-06-2019
Market Overview
The global testing, inspection, and certification market was valued at USD 172.65 billion in 2018 and is expected to register a CAGR of 5.4% over the forecast period (2019-2024). The advent of new technologies, with stringent environment norms, increasing health safety measures have changed the entire industry viewpoint, with respect to the compliance of standards and regulations. Testing, inspection, and certification (TIC) plays a significant role to ensure the infrastructure, services, products are met with the standards and regulations pertaining to safety and quality. With inspection and testing at regular intervals across a few industries, such as oil and gas becoming mandatory, the TIC services are expected to grow in demand, irrespective of the industrial seasonality.
Safety breaches in recent times, such as Volkswagen’s diesel emissions scandal, Chinese milk scandal (melamine found in infant milk formula), have led to more stringent regulations in developing economies. Such breaches demonstrate the significance of independent inspection and certification services and not only have forced tougher and more complex regulations and standards but also increased the dependability on the third party for assessment, thus providing scope for independent TIC companies.
International imports and exports of products belonging to different industries apart from the high demand, food and medical products have increased significantly over the years. In fact, according to The World Bank Group, global exports has increased from USD 6.24 trillion in 1995 to USD 22.99 trillion in 2017. Food and beverages, consumer electronics, agriculture, and automotive (electrical vehicles) markets are expected to provide more scope for the TIC services.
So as to adapt to the diverse quality and safety standards of the import destinations, the need for effective testing, inspection, and certification has become critical for product manufacturers.
Scope of the Report
Testing represents the industrial activities which ensure that manufactured products, individual components, and multicomponent systems are adequate for their intended purpose. Inspection and testing are the operational parts of quality control, which is the most crucial factor in the survival of any manufacturing company. Quality control directly supports the other elements of cost, productivity, on-time delivery, and market share. Therefore, all quality standards needed to produce the components of a product and perform its assembly must be specified in a manner such that customers’ expectations are met.
Key Market Trends
Energy and Commodities is Expected to Hold Major Share
The market studied is experiencing an increase in the acceptance and applications in the studied sector mainly as industry players demand high standards regarding safety and profitability and increasing adoption of smart technologies and devices. These technologies have made many testing and inspection methods cost-efficient, allowing end-users to cut down a part of the operations and maintenance costs.
Further, various government regulations are making it mandatory for companies to adopt proper TIC methods. For instance, in India, the Ministry of New and Renewable Energy (MNRE) issued guidelines for conducting tests on power inverters for use in photovoltaic (PV) power systems and utility-interconnected PV inverters in 2017.
Further, the development of new nuclear plants, as well as renewable energy projects, the upgradation and expansion of existing ones globally, is expected to augment the market growth over the forecast period.
Over the next four years, more than 67 nuclear reactors in the world are estimated to reach an age over 40 years and over 66 reactors to reach more than three decades of operational period.
Asia-Pacific Expected to Witness Rapid Growth
Asia-Pacific is anticipated to hold major share owing to the merging markets such as China, India, Japan, and South Korea which have become attractive, through the development of indigenous industries and subsequent acceleration in exports, the introduction of stringent standards, and rapid urbanization. Additionally, the rise of the middle class has led to an increase in private consumption and demand for both safety and product quality. This, in turn, offers growth opportunities in areas, such as food and consumer goods testing. One such example is the acquisition of TUV Rheinland’s food analysis laboratories in China.
Competitive Landscape
The testing, inspection and certification market is highly competitive and consists of several major players. However in terms of market share, few of the major players currently dominate the market. These major players with prominent share in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market share and increase their profitability. The companies operating in the market are also acquiring start-ups working on enterprise network equipment technologies to strengthen their product capabilities. In Jan 2018, Eurofins acquired Ashwood UK, a food microbiology and chemistry testing lab in Scotland. Through this acquisition the company aims to expand its business in Scotland. Further in Jun 2018, the company acquired Finnish company VTT Expert Services that provides testing, inspection and certification of construction products. Through this acquisition the company aims to become a one-stop service provider for companies within the construction product industry.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Study Assumptions
1.2 Study Deliverables
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
2.1 Analysis Methodology
2.2 Research Phases
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Industry Attractiveness Porter’s Five Force Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Intensity of Competitive Rivalry
4.3 Introduction to Market Drivers and Restraints
4.4 Market Drivers
4.4.1 Growing Export Regulations And High Emphasis On Energy Efficient And Environmentally Safety Products
4.4.2 Globalization And Digitalization
4.5 Market Restraints
4.5.1 Trade Wars And Growth Fluctuations Of End-user Industries
5 MARKET SEGMENTATION
5.1 By Service Type
5.1.1 Testing
5.1.2 Inspection
5.1.3 Certification
5.2 By Sourcing Type
5.2.1 In-house
5.2.2 Outsourced
5.3 By End-User Vertical
5.3.1 Construction and Engineering
5.3.2 Chemicals, Material, and Minerals
5.3.3 Energy and Commodities
5.3.4 Food and Healthcare
5.3.5 Transportation
5.3.6 Products and Retail
5.3.7 Industrial
5.3.8 Other End-user Verticals
5.4 Geography
5.4.1 North America
5.4.1.1 US
5.4.1.2 Canada
5.4.2 Europe
5.4.2.1 UK
5.4.2.2 Germany
5.4.2.3 France
5.4.2.4 Rest of Europe
5.4.3 Asia Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 South Korea
5.4.3.4 India
5.4.3.5 Rest of Asia-Pacific
5.4.4 Rest of the World
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Intertek Group PLC
6.1.2 SGS SA
6.1.3 Bureau Veritas SA
6.1.4 DNV GL
6.1.5 Eurofins Scientific SE
6.1.6 ALS Limited
6.1.7 Underwriters Laboratories (UL)
6.1.8 Dekra Certification GmbH
6.1.9 BSI Group
6.1.10 SAI Global Limited
6.1.11 MISTRAS Group, Inc.
6.1.12 Exova Group PLC
6.1.13 TUV SUD AG
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Service Type
Testing
Inspection
Certification
By Sourcing Type
In-house
Outsourced
By End-User Vertical
Construction and Engineering
Chemicals, Material, and Minerals
Energy and Commodities
Food and Healthcare
Transportation
Products and Retail
Industrial
Other End-user Verticals
Geography
North America
US
Canada
Europe
UK
Germany
France
Rest of Europe
Asia Pacific
China
Japan
South Korea
India
Rest of Asia-Pacific
Rest of the World
Semiconductor Materials Market – Growth, Trends, and Forecast (2019 – 2024)
| Electronics | Published by: Mordor Intelligence | Market: |
| 100 pages | Published: 11-06-2019 |
- Electronics
- Mordor Intelligence
- 100 pages
- Published: 11-06-2019
Market Overview
In 2018, the global semiconductor materials market was valued at USD 50.63 billion. The market is anticipated to witness a stimulating growth during the forecast period, owing to an increase in demand from various end-user industries. The ability of these materials to consume less power, along with broad temperature limits and high electron mobility, is projected to positively influence the global market.
Technical advancements, along with product innovation of the electronic materials, is primarily boosting the growth of the market.
Although other conductors are used in more specific applications, silicon is immensely popular due to factors, such as high mobility at room temperature, as well as high temperatures and faster transfer of electrical currents through silicon semiconductors, when compared to any other semiconductor.
In countries, like China, the government policies that boost the semiconductor industry are increasingly creating opportunities for the expansion of the semiconductor materials industry. For example, the policy framework released by the State Council of the People’s Republic of China aims to make advanced semiconductor packaging solutions, a technology priority across the semiconductor industry.
Scope of the Report
Semiconductors are one of the most prominent innovations in modern electronics. By using elements, such as silicon, germanium, and gallium arsenide, companies were able to replace the traditional thermionic devices, such as vacuum tubes, that made electronics bulky and non-portable.
Key Market Trends
Substrates is Expected to hold Major Share
Over the past decade, the cost contribution of electronics to the automotive industry has increased from 18-20% to about 40-45%. In 2017, it was estimated that the automotive sector will account for about 9% of the worldwide semiconductor revenue. This has been a major driver for the growth of the semiconductor market in this industry. The growth of semiconductor content has been on a steady rise and the share of electronic systems in the vehicle cost may reach 50% of the total car cost by 2030.
This factor is attributed to the rapid advances in the development of leading-edge technologies, such as autonomous driving, advanced driver-assistance systems (ADAS), vehicle-to-everything communication, and power management in electric vehicles (EVs), including navigation, dashboard camera, and smart keys, as well as a widely anticipated image processor. It is predicted that smart vehicles capable of fully autonomous driving will employ up to 7,000 chips. Given this scenario, even a failure rate of 1ppm, already very low by any standard today, would lead to seven out of 1,000 cars with a safety risk.
Given the constraints of the automotive electronics market, semiconductor material qualification must follow extensive procedures. While a high degree of material purity is a prerequisite, manufacturing processes are actually much more sensitive to deviations of material quality, as they potentially lead to process recalibration. Thus, several quality excellence programs have been introduced by the automotive manufacturers, aimed at a zero defect target.
Asia-Pacific is Expected to Hold Major Share
Asia-Pacific is expected to hold the major share over the forecast period. According to the SEMI Materials Market Data, the total wafer fabrication materials and packaging materials were valued at USD 27.8 billion and USD 19.1 billion, respectively, in 2017. The wafer fabrication materials and packaging materials markets have recorded revenues of 12.7% and 5.4%, respectively, year-over-year increases, as compared to 2016. The increase in disposable income in these regions is anticipated to have a direct impact on the overall market growth.
Competitive Landscape
The semiconductor materials market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. However, with technological advancements and product innovations, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets. For instance, in April 2018, Hitachi Chemical Co. revealed plans to construct a new factory to manufacture advanced functional laminate materials, on the site of Hitachi Chemical Electronic Materials (Taiwan) Co. Ltd, a Hitachi Chemical’s subsidiary, in Taiwan. The company is expected to invest a total of approximately JPY 7.5 billion and the new factory is likely to begin operation by April 2020. Further, in Jun e 2018. Kyocera Corporation inaugurated a new plant at its Kagoshima Sendai manufacturing complex in Japan. The company aims to increase the production of ceramic microelectronic packages, in order to accommodate the robust demand and to expand related businesses in the future.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
2.1 Analysis Methodology
2.2 Research Phases
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Industry Attractiveness of Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Intensity of Competitive Rivalry
4.3 Introduction to Market Drivers and Restraints
4.4 Market Drivers
4.4.1 Technical Advancement Along With Product Innovation of the Electronic Materials
4.4.2 Rising Demand for Consumer Electronics Goods
4.4.3 Increased Demand From Osat/Packaging Companies
4.5 Market Restraints
4.5.1 Complexity in the Manufacturing Process
5 MARKET SEGMENTATION
5.1 By Material
5.1.1 Silicon Carbide
5.1.2 Gallium Manganese Arsenide
5.1.3 Copper Indium Gallium Selenide
5.1.4 Molybdenum Disulfide
5.1.5 Bismuth Telluride
5.2 By Application
5.2.1 Fabrication
5.2.1.1 Process Chemicals
5.2.1.2 Photomasks
5.2.1.3 Electronic Gases
5.2.1.4 Photoresists Ancilliaries
5.2.1.5 Sputtering Targets
5.2.1.6 Silicon
5.2.1.7 Other Fabrication Materials
5.2.2 By Packaging
5.2.2.1 Substrates
5.2.2.2 Lead Frames
5.2.2.3 Ceramic Packages
5.2.2.4 Bonding Wire
5.2.2.5 Encapsulation Resins (Liquid)
5.2.2.6 Die Attach Materials
5.2.2.7 Other Packaging Materials
5.3 By End User
5.3.1 Consumer Electronics
5.3.2 Manufacturing
5.3.3 Automotive
5.3.4 Energy and Utility
5.3.5 Other End Users
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.2 Europe
5.4.2.1 United Kingdom
5.4.2.2 Germany
5.4.2.3 France
5.4.2.4 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 South Korea
5.4.3.3 Japan
5.4.3.4 Rest of Asia-Pacific
5.4.4 Latin America
5.4.5 Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 BASF SE
6.1.2 LG Chem Ltd
6.1.3 Indium Corporation
6.1.4 Hitachi Chemical Co. Ltd
6.1.5 KYOCERA Corporation
6.1.6 Henkel AG & Company KGAA
6.1.7 Sumitomo Chemical Co. Ltd
6.1.8 Dow Chemical Co.
6.1.9 International Quantum Epitaxy PLC.
6.1.10 Nichia Corporation
6.1.11 Intel Corporation
6.1.12 UTAC Holdings Ltd
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Material
Silicon Carbide
Gallium Manganese Arsenide
Copper Indium Gallium Selenide
Molybdenum Disulfide
Bismuth Telluride
By Application
Fabrication
Process Chemicals
Photomasks
Electronic Gases
Photoresists Ancilliaries
Sputtering Targets
Silicon
Other Fabrication Materials
By Packaging
Substrates
Lead Frames
Ceramic Packages
Bonding Wire
Encapsulation Resins (Liquid)
Die Attach Materials
Other Packaging Materials
By End User
Consumer Electronics
Manufacturing
Automotive
Energy and Utility
Other End Users
Geography
North America
United States
Canada
Europe
United Kingdom
Germany
France
Rest of Europe
Asia-Pacific
China
South Korea
Japan
Rest of Asia-Pacific
Latin America
Middle East & Africa
Programmable Logic Controller Market – Growth, Trends and Forecast (2019 – 2024)
| Electronics | Published by: Mordor Intelligence | Market: |
| 100 pages | Published: 11-06-2019 |
- Electronics
- Mordor Intelligence
- 100 pages
- Published: 11-06-2019
Market Overview
The programmable logic controller (PLC) market was valued at USD 11.53 billion in 2017. The deployment of PLC systems enables the identification and rectification of errors and can initiate rapid responses even without human intervention. Hence, these automated PLC systems are estimated to assist in reducing the machine downtime from 20% to almost 4%.
The PLC market is strongly impacted by the industrial output and the investment funneled into the computers and software. These PLC systems have traditionally been the foundation of both process and discrete factory automation. The rising adoption of Industry 4.0 across the industrial verticals has augmented the PLC market’s growth.
A major growth indicator for PLCs in the discrete-manufacturing sectors is the amplified deployment of robots across the automotive manufacturing, electrical, and electronics industries. With robots being major end users of PLCs, the market is expected to greatly benefit from the global robotics boom.
Another major trend observed in the market is the adoption of integrated solutions/devices, such as the embedding of PLCs with industrial controls (such as HMIs or SCADA). These integrations have offered greater efficacy and visibility in factory operations, and have allowed workload on central controllers to be cut.
Scope of the Report
PLC is the primary computing system, which controls automated machines. The system also helps in detecting any errors or flaws and alerts the technician. PLC systems are also preferred over traditional systems, like relays and switch boxes, due to their compact sizes. Another advantage of PLCs is their multi-functionality (owing to their programmable nature that can be used for multiple operations depending on the application).
Key Market Trends
Automotive End User Industry to Hold Significant Share
PLC has been adopted at the manufacturing stage to handle the ever-growing demands of the automotive industry. It was initially used as a relay replacement equipment in the automotive industry.
The demand for automobiles has been increasing steadily, The Center for Automotive Research (CAR) at the University of Duisberg-Essen has predicted that the global annual growth of cars is expected to be 2.2%. Owing to such potential growth, better production facilities enabled with automation are needed, which is expected to fuel the growth of PLCs in the domain.
The use of PLCs ensures high production and simplifies the complexity of the machinery being used. With technological advancements, PLCs can replace nearly 100 relays, making better space management and man management possible.
With the advent of other technologies, such as machine vision, collaborative robots, artificial intelligence for driverless/autonomous cars, cognitive computing in IoT-connected cars, the PLC market in automotive is expected to grow further.
United States to Witness Significant Growth
The United States is estimated to hold a major share in North America, owing to rise in industrial investment in the mining and oil and gas sectors, which fuelled the utilization of PLCs, thereby, propelling the market growth.
In addition, capital spending on construction and housing increased in the country and is expected to rise further, due to the government’s focus on smart cities, which is, in turn, expected to boost the market growth over the forecast period.
The formation of the Advanced Manufacturing Partnership (AMP)’ is one such initiative undertaken to make industries, universities, and the federal governments invest in the emerging technologies. This factor has helped the country to gain a competitive edge in the global economy.
Competitive Landscape
The PLC market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with a prominent share in the market are focusing on expanding their customer bases across foreign countries.
These companies are leveraging on strategic collaborative initiatives to increase their market shares and profitability. For instance, in February 2018, Mitsubishi Electric Corporation completed the construction of an integrated-automation factory for the production of vacuum interrupters and circuit breakers at its Power Distribution Systems Center in Marugame, Japan.
The new factory is expected to deploy Mitsubishi Electric’s e-Factory concept of integrated automation based on IoT technologies, in order to achieve high efficiency, high productivity, and minimized cost.
Further, in April 2018, Staubli Robotics, one of the leading international players in robotics automation, and Schneider Electric entered into a partnership by signing a long-term agreement to integrate customized Staubli TS series, four-axis SCARA robots into Schneider Electric’s EcoStruxure Machine architecture and platform.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Scope of the Study
1.2 Study Deliverables
2 RESEARCH METHODOLOGY
2.1 Study Assumptions
2.2 Analysis Methodology
2.3 Research Phases
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Increased Adoption of Automation Systems
4.3.2 Ease of Use and Familiarity with PLC Programming to Sustain Growth
4.4 Market Restraints
4.4.1 Demand for Customization of Products and Gradual Shift from Batch to Continuous Processing in Discrete Industries
4.4.2 Increase in Adoption of Distributed Control Systems (DCS), with Enhanced Safety and Advanced Control Capabilities
4.5 Industry Attractiveness- Porter’s Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Nano PLC
5.1.2 Small PLC
5.1.3 Medium PLC
5.1.4 Large PLC
5.1.5 PAC
5.1.6 Modular I/O
5.1.7 Software
5.1.8 Services
5.2 By End-user Industry
5.2.1 Food and Beverage
5.2.2 Automotive
5.2.3 Chemical
5.2.4 Power
5.2.5 Paper and Pulp
5.2.6 Oil and Gas
5.2.7 Water and Wastewater Treatment
5.2.8 Other End-user Industries
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2 Europe
5.3.2.1 United Kingdom
5.3.2.2 Germany
5.3.2.3 France
5.3.2.4 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Rest of Asia-Pacific
5.3.4 Latin America
5.3.4.1 Brazil
5.3.4.2 Mexico
5.3.4.3 Rest of Latin America
5.3.5 Middle East & Africa
5.3.5.1 GCC
5.3.5.2 South Africa
5.3.5.3 Rest of Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 ABB Ltd.
6.1.2 Mitsubishi Electric Corporation
6.1.3 Schneider Electric SE
6.1.4 Rockwell Automation Inc.
6.1.5 Siemens AG
6.1.6 Honeywell International Inc.
6.1.7 Omron Corporation
6.1.8 Panasonic Corporation
6.1.9 Robert Bosch GmbH
6.1.10 Emerson Electric Co.
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Type
Nano PLC
Small PLC
Medium PLC
Large PLC
PAC
Modular I/O
Software
Services
By End-user Industry
Food and Beverage
Automotive
Chemical
Power
Paper and Pulp
Oil and Gas
Water and Wastewater Treatment
Other End-user Industries
Geography
North America
United States
Canada
Mexico
Europe
United Kingdom
Germany
France
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
Photonic Integrated Circuit Market – Growth, Trends, and Forecast (2019 – 2024)
| Electronics | Published by: Mordor Intelligence | Market: |
| 100 pages | Published: 10-06-2019 |
- Electronics
- Mordor Intelligence
- 100 pages
- Published: 10-06-2019
Market Overview
The global photonic integrated circuit market was valued at USD 472.5 million in 2018, and is expected to register a CAGR of 26.4% over the forecast period (2019-2024). Photonic integrated circuit (PIC) technology is widely used to transfer huge amounts of data at a very high speed and finds applications in the field of optical fiber communications. One of the most significant drawbacks that PICs address is the power consumption issue. In fact, it is estimated that annually more than 5% of all the electricity generated, globally, was used in data center establishments, and this consumption is rising by at least 1.7% every year. But in the case of photonic ICs, it is estimated that the power consumed in such critical applications could be reduced by at least 50%.
Similar to the traditional PICs, which operate at wavelengths of 1.3 and 1.55μm, even hybrid PICs find great applications in telecommunication business and data centers. The need for high rate of data transfer, which cannot be accommodated by the traditional ICs, is the major factor leading to increased adoption of hybrid PIC in both telecom and data center markets.
The increasing number of cloud applications are rapidly up scaling the traffic that has to be handled by data centers. According to Cisco Systems, as of 2017, the volume of cloud traffic alone, across the data centers, exceeded 5 zettabytes per year, indicating a critical need for advanced switching and data transfer hardware, which can be met by hybrid PICs.
Although hybrid photonic integrated circuits are highly efficient and pose several advantages, when compared to their predecessors. They are still new to the market, and hence, experience a very low level of market penetration, when compared to the traditional ICs.
Scope of the Report
Multiple photonic components, such as waveguides, lasers, modulators, and detectors, when integrated on a single chip are referred to as photonic ICs. When compared to traditional ICs, photonic ICs are extremely fast, accommodate higher bandwidth, and are highly power efficient.
Key Market Trends
III-V Material to Hold a Major Market Share
GaAs photonics is a significantly tiny market, whose principal application was data centers. However, after the introduction of a 3D sensing function using GaAs-based VCSELs in Apple’s iPhone X, GaAs VCSEL has attained enormous growth.
The growth in 3D sensing applications in the consumer electronics market, automotive lighting, the increasing LiDAR applications, horticultural lighting, IR LED applications and display applications are expected to increase the demand for GaAs photonics over the forecast period.
In III-V materials, the market potential for InP (Indium Phosphide) PIC is considered very high. It can best be understood as a subset of the PIC market, which as a whole is further developed. The increasing potential for data center solutions and data center construction across the world is expected to aid the adoption of InP PIC over the forecast period.
North America to Hold a Major Market Share
In North America, the demand for photonic integrated circuits (PIC)-based products is driven by data centers and WAN applications of fiber optic communication. The need for high-speed data transmission increased the data traffic in cloud computing, and the rapid roll-out of IoT has created a potentially booming photonic integrated circuit industry in the region.
Service providers are facing an increasing demand for bandwidth, much of which is being driven by mobile, video, and cloud-based service. For instance, in the United States, video streaming from Netflix alone accounts for nearly a quarter of all bytes transferred at peak times. Companies are expected to base their optical networks on the PIC, which is expected to contribute to the market’s growth positively.
Competitive Landscape
The photonics integrated circuit market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. However, with innovative and sustainable packaging, many of the companies are increasing their market presence by securing new contracts and by tapping new markets. For instance, in 2017, Finisar introduced the flextune feature for wavelength-tunable optical transceivers, which simplifies the deployment of Dense Wavelength Division Multiplexing (DWDM) transceivers in Remote PHY access networks constructed by multiple system operators (MSOs). Further, in 2018, Lumentum Holdings Inc. acquired Oclaro Inc. Through this acquisition the company aims to enhance its product portfolio and accelerate its innovations.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Key Deliverables of the Market
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
2.1 Analysis Methodology
2.2 Research Phases
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Wide Range of Applications in Telecommunications and Data Centers
4.4 Market Restraints
4.4.1 Strong Demand for Traditional ICs
4.5 Industry Attractiveness – Porter’s Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Type of Component
5.1.1 Laser (Optical Laser)
5.1.2 Modulators
5.1.3 Detectors
5.1.4 Transceivers
5.1.5 Multiplexer / Demultiplexer (MUX/DEMUX)
5.1.6 Optical Amplifiers
5.2 By Type of Raw Material
5.2.1 III-V Material
5.2.2 Lithium Niobate
5.2.3 Silica-on-Silicon
5.2.4 Quantum Dots
5.2.5 Other Raw Materials (Graphene, Silicon-on-Insulator)
5.3 By Integration Process
5.3.1 Hybrid
5.3.2 Monolithic
5.4 By Application
5.4.1 Telecommunications
5.4.2 Biomedical
5.4.3 Data Centers
5.4.4 Other Applications (Optical Sensors(LiDAR), Metrology, etc.)
5.5 Geography
5.5.1 North America
5.5.2 Europe
5.5.3 Asia-Pacific
5.5.4 Rest of the World
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Neophotonics Corporation
6.1.2 Infinera Corporation
6.1.3 Lumentum Holdings Inc.
6.1.4 Intel Corporation
6.1.5 Colorchip Ltd
6.1.6 Ciena Corporation
6.1.7 Finisar Corporation
6.1.8 Huawei Technologies Co. Ltd
6.1.9 Source Photonics Inc.
6.1.10 Luxtera
6.1.11 VLC Photonics
6.1.12 Mellanox Technologies Ltd
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Type of Component
Laser (Optical Laser)
Modulators
Detectors
Transceivers
Multiplexer / Demultiplexer (MUX/DEMUX)
Optical Amplifiers
By Type of Raw Material
III-V Material
Lithium Niobate
Silica-on-Silicon
Quantum Dots
Other Raw Materials (Graphene, Silicon-on-Insulator)
By Integration Process
Hybrid
Monolithic
By Application
Telecommunications
Biomedical
Data Centers
Other Applications (Optical Sensors(LiDAR), Metrology, etc.)
Geography
North America
Europe
Asia-Pacific
Rest of the World
pH Sensors Market – Growth, Trends, and Forecast (2019 – 2024)
| Electronics | Published by: Mordor Intelligence | Market: |
| 100 pages | Published: 11-06-2019 |
- Electronics
- Mordor Intelligence
- 100 pages
- Published: 11-06-2019
Market Overview
The global pH sensors market is expected to register a CAGR of over 11.04% during the forecast period (2019-2024). The upcoming trend in the pH sensors market, which is boosting market growth, is the demand for highly reliable and accurate pH sensors that last for long periods with minimal levels of maintenance.
According to Endress+Hauser, a leading provider of pH sensors in the global market, pH measurements account for over 30% of all quality-relevant measurements in processes. Moreover, an economic survey conducted by the Association of German Chambers of Commerce and Industry (DIHK) indicated that increasing global investments in the process analytics industry are primarily triggered by concrete business developments in the key sales markets.
According to DIHK, the market is expected to witness significant demand, owing to digitalization, as companies are focusing on developing advanced processes and new production methods.
The German Electrical and Electronic Manufacturers’ Association (ZVEI) established that this situation created a positive business environment for the measurement and process automation industry, while augmenting the demand for process analytics instruments, such as pH sensors and analyzers. Furthermore, ZVEI established that the industry witnessed a significant demand in 2017, after two years of weak growth.
Similarly, the market is witnessing immense demand from the water and wastewater treatment industry. Developed countries, such as Germany, the United States, and developing countries, like India, are investing in desalination and purification initiatives. For instance, in November 2018, the Indian government, along with Dholera Industrial City Development (DICDL), developed a water treatment plant in the Ahmedabad district of Gujarat. This facility is expected to have a treatment capacity of 50 mld by the end of 2019.
Moreover, recent reports published by the International Desalination Association (IDA) and Global Water Intelligence (GWI) indicate that the industrial desalination market grew by 21%, especially in contracted capacity, between 2016 to 2017. According to the IDA, increased activity in the oil and gas industry accounted for over one third of the contracted industrial capacity in 2017.
Scope of the Report
PH sensors and analyzers are an integral part of the process analytics industry. Most of the industries that engage in the manufacturing and processing of liquids, ranging from water to complex chemicals, use pH sensors for quality monitoring and automation of several industrial processes.
Key Market Trends
Process Analyzers Type expected to Occupy the Largest Market Share
Process analyzers comprise two types, in-line analyzers and on-line analyzers. The installation of in-line analyzers is a common approach for process monitoring applications that require continuous monitoring, such as water treatment plants, chemical industry, and several biochemical processes, which require immersion installation of the pH measuring instruments.
Companies, like Sensorex and Mettler Toldedo’s, are also offering sensor packages for these types of heavy-duty industrial applications, which deal with contaminated monitoring process applications. For instance, Mettler Toledo also has developed sensors with titanium shaft to suit plants’ tough environments for equipment (such as the chemical and petrochemical industries). The titanium pH sensors, InPro 4281i, and 4881i, are 12 mm pH sensors that can also survive the common everyday knocks in industrial sites and also feature the company’s Intelligent Sensor Management (ISM); thereby, lowering maintenance costs even more.
In the oil and gas industry, there has been a significant increase in investments. As there is a significant increase in crude oil prices, the need for pH sensors is expected to rise rapidly. According to recent statistics from Baker Hughes, after a steep fall in 2016 (owing to low crude oil prices), there has been considerable growth in up-stream activity.
In 2018, the average number of rigs increased by over 9%, globally. With increasing number of oil and gas projects all over the world, especially in the United States and Canada, the demand for pH sensors from oil field service providers is expected to increase rapidly.
Water and Wastewater Application to Occupy the Largest Market Share
The water and wastewater treatment industry is the largest end user for pH sensors and analyzers in the global market. Standard applications, such as chromium wastewater treatment and aquaculture, which heavily depend on accurate pH and ORP measurements to ensure required safety standards are providing continuous demand to the market.
Increasing number of water treatment plants, globally, and concerns regarding water scarcity are fueling the demand for pH sensors from the desalination sector. The pH of water gives important data for controlling the treatment system, for desalination systems. As of 2018, it is estimated that over 7,000 desalination plants are managed by the industrial sector alone, in the global scenario.
Also, when compared to several other end users, the new installations of pH sensors and analyzers are highest in this sector, owing to stringent government regulations on water contamination. There are many new styles, architectures, and housings for pH sensors that are entering the market, owing to the immense demand from the sector.
Similar to the chemical manufacturing industry, the life span of general glass electrodes used in pH analyzer systems is comparatively lower than that of ISFET and rugged variants. Hence, there is a high rate of replacement of several sensor components, which, in turn, is boosting the after sales market.
Competitive Landscape
The pH sensors market is highly competitive and consists of several major players. In terms of market share, a few of the major players currently dominate the market. These major players, with a prominent share in the market, are focusing on expanding their customer bases across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market shares and profitability. The companies operating in the market are also acquiring startups working on pH sensors, in order to strengthen their product capabilities. For instance, in October 2017, Halma PLC acquired Mini-Cam Enterprises Ltd, a prominent manufacturer and distributor of remotely operated camera systems and devices, which are primarily used for inspecting pipelines situated in remote locations. This acquisition enhanced the offerings of its Water Analysis and Treatment segment.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Increasing Government Regulations
4.3.2 Rising Safety Concerns in Industrial Setups
4.4 Market Restraints
4.4.1 Cost and Absence of Standardization of pH Sensor Devices
4.5 Value Chain Analysis
4.6 Industry Attractiveness- Porter’s Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Benchtop Analyzers
5.1.2 Portable Analyzers
5.1.3 Process Analyzers
5.2 By Application
5.2.1 Water and Wastewater
5.2.2 Medical
5.2.3 Oil and Gas
5.2.4 Food and Beverages
5.2.5 Industrial
5.2.6 Other Applications
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia-Pacific
5.3.4 South America
5.3.5 Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Endress+Hauser AG
6.1.2 Hach Company Inc.
6.1.3 ABB Ltd.
6.1.4 Schneider Electric SE (Foxboro)
6.1.5 Emerson Electric Co.
6.1.6 Honeywell International Inc.
6.1.7 KOBOLD Messring GmbH
6.1.8 Georg Fischer Piping Systems Ltd.
6.1.9 Yokogawa Electric Corporation
6.1.10 Xylem Inc.
6.1.11 Thermo Fisher Scientific Inc.
6.1.12 Halma Plc.
6.1.13 Mettler-Toledo International Inc.
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Type
Benchtop Analyzers
Portable Analyzers
Process Analyzers
By Application
Water and Wastewater
Medical
Oil and Gas
Food and Beverages
Industrial
Other Applications
Geography
North America
Europe
Asia-Pacific
South America
Middle East & Africa
Particle Size Analysis Market – Growth, Trends, and Forecast (2019 – 2024)
| Electronics | Published by: Mordor Intelligence | Market: |
| 100 pages | Published: 11-06-2019 |
- Electronics
- Mordor Intelligence
- 100 pages
- Published: 11-06-2019
Market Overview
The particle size analysis market was valued at USD 325.6 million in 2018, and is expected to reach USD 437 million by 2024, at a CAGR of 5.1%, over the forecast period (2019-2024). Immense support from government organizations to strengthen their domestic pharmaceutical markets is expected to boost the demand form this sector. For example, China is planning to establish several data centers exclusively to serve the medical research proposes, facilitating the exchange of precious clinical trial data over the public domain.
Nanomaterials are finding major applications across various industries. Initially, they found major applications in the healthcare, cosmetics, and manufacturing industries. However, increasing advancements in nanotechnology are creating opportunities for nanoparticles in other industries as well.
Although particle size analysis equipment for legacy procedures, like sedimentation and sieving, is considerably low, the modern portable and compact equipment are often costly. Especially the probe equipment used in in-line techniques, which are in high demand in the industrial sector, are both costly for initial purchase and also to maintain.
Particle size analysis plays a key role in the manufacturing of carbon fiber components. Single wall carbon nanotubes are often subjected to dynamic light scattering (DLS) technology to assess if the required strength of the material could be drawn from a batch of carbon nanotubes.
Scope of the Report
Particle size analysis, particle size measurement, or simply particle sizing is the collective name of the technical procedures or laboratory techniques that determine the size range, and/or the average, or mean size of the particles in a powder or liquid sample. Particle size analysis is part of particle science and its determination is carried out generally in particle technology laboratories.
Key Market Trends
Laser Diffraction Technology to Hold Significant Share
Laser diffraction is one of the most prominent particle size analysis techniques that works on particles ranging from 10nm to 3,500 microns. Laser diffraction provides a result for the whole sample, rather than for individual particles. Immense demand for quality control in several manufacturing activities and increasing research activities are expected to drive the demand for laser diffraction equipment.
Laser diffraction measures particle size by measuring the angular variation in the intensity of light scattered by the sample (Mie theory of light scattering) assuming a volume equivalent sphere model. When exposed to the laser beam, if the sample has large particles, it scatters light at small angles, and vice versa in the case of smaller particles.
Laser diffraction also suffers a fair deal of drawbacks. The analysis needs a high degree of metadata and extensive preparation. If the sample under test is a wet sample, the dispersion unit has to use a liquid dispersant to disperse the sample, in order to subject it to the laser beam.
Further, increasing software applications that are providing required metadata on optical properties of samples and instruments based on the Fraunhofer approximation approach are expected to create huge opportunities to the laser diffraction technology over the forecast period.
Europe Region to Hold Significant Share
The European particle size analysis market is estimated to grow at a healthy rate over the forecast period. Significant factors supporting the growth are increasing investments in research and innovation centers and rising government programs and policies, which are motivating market vendors to invest in advancements in analyzing methods.
The high rate of development of new analyzing methods, equipment, and protocols in the region is boosting the European healthcare and chemical industries to increase advancements in particle size analysis methods.
The increasing government expenditure in the pharmaceutical industry to innovate cost-effective drugs is further estimated to develop a market for nanoparticle tracking analysis in the region.
Competitive Landscape
Being established in the market for a long time, the incumbents have great control over the existing distribution channels. The only place where the new entrants can compete with the giants is through the online retail market. Hence, new entrants often employ intense internet marketing for brand penetration.
Also, most of the manufacturing equipment used in the market are highly customized to derive adequate accuracy in the products that are needed for scientific procedures. Such installations often prove to be very costly, and at times, act as barriers to entry in the market studied.
Some key players include Malvern Panalytical Ltd and Horiba Ltd. Some key developments in the market are as follows:
Malvern Panalytical Ltd launched the Morphologi range of automated static imaging systems for particle characterization from Malvern Panalytical Morphology 4 and Morphologi 4-ID. It delivers substantial improvements in measurement speed, image definition, and the range of materials that can be successfully analyzed.
Agilent Technologies Inc. expanded SureGuide pooled CRISPR libraries for functional genomics, offering pooled libraries for CRISPR activation and interference, in order to accelerate disease research.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Demand for Data Centers Driven by Cloud and HPC Applications among Others
4.3.2 Demand for High-performance and Low-Power Dram in Mobile Devices
4.4 Market Restraints
4.4.1 Storage Class Memory to Overcome the High Costs and Less Memory of Dram
4.5 Value Chain Analysis
4.6 Industry Attractiveness – Porters Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Technology
5.1.1 Taylor Dispersion Analysis
5.1.2 Dynamic Light Scattering
5.1.3 Nanoparticle Tracking Analysis
5.1.4 Resonant Mass Measurement
5.1.5 Laser Diffraction
5.1.6 Other Technologies
5.2 By Dispersion Type
5.2.1 Wet Particle
5.2.2 Dry Particle
5.2.3 Spray Particle
5.3 By End User
5.3.1 Chemicals
5.3.2 Food, Beverage, and Nutrition
5.3.3 Mining
5.3.4 Agriculture and Forestry
5.3.5 Pharmaceuticals
5.3.6 Energy
5.3.7 Other End Users
5.4 Geography
5.4.1 North America
5.4.2 Europe
5.4.3 Asia-Pacific
5.4.4 Latin America
5.4.5 Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Agilent Technologies Inc.
6.1.2 Horiba Ltd.
6.1.3 Malvern Panalytical Ltd.
6.1.4 Beckman Coulter Inc.
6.1.5 Izon Science Limited
6.1.6 Microtrac Inc.
6.1.7 Shimadzu Corporation
6.1.8 Sympatec GmbH
6.1.9 Micromeritics Instruments Corporation
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Technology
Taylor Dispersion Analysis
Dynamic Light Scattering
Nanoparticle Tracking Analysis
Resonant Mass Measurement
Laser Diffraction
Other Technologies
By Dispersion Type
Wet Particle
Dry Particle
Spray Particle
By End User
Chemicals
Food, Beverage, and Nutrition
Mining
Agriculture and Forestry
Pharmaceuticals
Energy
Other End Users
Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa