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Explosion-proof Equipment 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 explosion–proof equipment market was valued at USD 8.41 billion in 2018, and is expected to reach a value of USD 11.65 billion by 2024, at a CAGR of 5.5% over 2019-2024. Increasing demand for integrated systems, progress in the automation sector, growth in industrial sectors, and stringent government regulations in handling hazardous areas are projected to foster the market growth, globally.
With the increasing consumption of energy, the need for fetching energy and fuel also increases. This stimulates the market for explosion-proof equipment, as they are widely used to prevent explosions during the generation of power from natural resources. With the world depending on coal to meet its energy requirements, new sites are being explored for coal reserves.
Explosion-proof devices cater to highly capital- and machine-intensive markets, like aerospace, manufacturing, and defense. Thus, the cost of safety devices required in these industries is also high.
Low-voltage explosion-proof motors are used extensively in the market, with many tier 2 and tier 3 manufacturers offering off-the-shelf single-phase and three-phase explosion proof AC and DC motors. Low-voltage motors are used in pumps, compressors, and blowers for application in the oil and gas industry. The growth of low-voltage motors is expected to increase, mainly because of expansion in both onshore (shale extraction) and offshore (FPSO and offshore production units) activities in the oil and gas industry.
Scope of the Report
Explosion-proof equipment refers to products that limit any source of explosion within its housings. This equipment relies on various principles of protection, such as explosion prevention, explosion proof, and explosion segregation.
While explosion-proof equipment utilizes a robust, protective housing, in order to contain any explosion within itself, explosion segregation equipment isolates the source of explosion inside a protective medium.
The key products available in the explosion-proof equipment market, and considered under the scope of the report, include lighting fixtures, switches and plugs, sensors, security cameras, signals and alarms, junction boxes, and cable glands.
Key Market Trends
Mining Industry to Hold Significant Share
A majority of the explosions in underground mines and processing facilities are caused by the accumulation of flammable and toxic gases and combustible dust.
While countries have made much effort in preventing explosion disasters, mining remains the most hazardous occupation, as the number of people exposed to risk in a mining environment is the maximum, and it also produces multiple fatalities.
Stringent government regulations across the mining industries in various countries, such as the Mines Regulations, 2014 by the United Kingdom, state specific health and safety legislation for workers, as well as regarding electrical safety in mines.
United Kingdom to Witness Significant Growth
Regulations and codes present in the region are majorly posed by ATEX directives. The major regulations operating in the region are the Institute of Petroleum Model Code of Practice (Area Classification Code for Petroleum Installations, 2002) and the Institution of Gas Engineers Safety Recommendations SR25 (2001).
In 2017, there were 1,300 companies involved in pharmaceutical manufacturing in the United Kingdom. Manufacturing in life sciences sector accounted for nearly 10% of all UK manufacturing, and sector exports were more than EUR 30 billion. Production grew to EUR 250 billion in 2016, which acted as a positive outlook to the market.
Majority of Food and Drinks Federation (FDF) members have reported soaring ingredient prices, plummeting product margins, and concerns for the future raised by their EU workforce. This trend by most of the companies is expected to continue over the next year.
These developments are expected to put the UK food and beverage industry at risk, which may challenge the growth of the explosion-proof equipment market, but are likely to stabilize over the forecast period, as the economy is expected to stabilize. The major setback to the United Kingdom’s explosion-proof equipment market is due to the downfall witnessed in crude oil production.
Competitive Landscape
The degree of competition in the explosion-proof equipment market is high, due to the presence of electrical product manufacturers. The firm concentration ratio in major industry verticals is on the higher side, due to increasing demand for safety.
Sustainable competitive advantage has been established by market leaders, like Marechal Electric Group and R. Stahl, through innovation and market consolidation. Adalet, a Scott Fetzer company, is focused on making strategic acquisitions.
The company is seeking to acquire companies focused on the manufacturing and marketing of explosion-proof and flameproof enclosures, along with cable coupler, connectors, and stainless steel enclosures that are held privately.
Intertek Group PLC is concentrating on building a strong relationship with its consumers, by delivering superior, high-quality services. The company is planning to formulate an effective sales strategy, primarily to improve its business, by attracting new clients and increasing account penetration with existing customers.
Another recent development in the explosion-proof equipment market was made by Intertek Group PLC. The company partnered with Corescan to offer hyperspectral scanning.
This extended capability will serve a range of applications from green and brownfields exploration, processing and geo-metallurgical assessments to environmental and geotechnical studies. CorDEX Instrument, a manufacturer of intrinsically safe tools and instrumentation, launched a lightweight, intrinsically-safe, and thermal imaging capable camera in the TOUGHPIX DIGITHERM series.
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 Stricter Regulations for Handling Hazardous Areas and Substances
4.3.2 Rising Energy Requirements, Driving the Demand for the Exploration of New Mines and Oil and Gas Resources
4.4 Market Restraints
4.4.1 Safety Regulations Vary Across Different Regions
4.4.2 Slow Economic Activity Directly Affects the Market
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 Explosion Proof
5.1.2 Explosion Prevention
5.1.3 Explosion Segregation
5.2 By Zone
5.2.1 Zone 0
5.2.2 Zone 20
5.2.3 Zone 1
5.2.4 Zone 21
5.2.5 Zone 2
5.2.6 Zone 22
5.3 By End User
5.3.1 Pharmaceutical
5.3.2 Chemical and Petrochemical
5.3.3 Energy and Power
5.3.4 Mining
5.3.5 Food Processing
5.3.6 Oil and Gas
5.3.7 Other End Users
5.4 By System
5.4.1 Power Supply System
5.4.2 Material Handling
5.4.3 Motor
5.4.4 Automation System
5.4.5 Surveillance System
5.4.6 Other Systems
5.5 Geography
5.5.1 North America
5.5.1.1 United States
5.5.1.2 Canada
5.5.2 Europe
5.5.2.1 United Kingdom
5.5.2.2 Germany
5.5.2.3 France
5.5.2.4 Rest of Europe
5.5.3 Asia-Pacific
5.5.3.1 China
5.5.3.2 India
5.5.3.3 Japan
5.5.3.4 Rest of Asia-Pacific
5.5.4 Latin America
5.5.4.1 Mexico
5.5.4.2 Brazil
5.5.4.3 Argentina
5.5.4.4 Rest of Latin America
5.5.5 Middle East & Africa
5.5.5.1 United Arab Emirates
5.5.5.2 South Africa
5.5.5.3 Rest of Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 R. STAHL AG
6.1.2 Marechal Electric Group
6.1.3 RAE Systems (Honeywell)
6.1.4 Pepperl+Fuchs GmbH
6.1.5 Intertek Group PLC
6.1.6 Adalet Inc.
6.1.7 Bartec GmbH
6.1.8 Alloy Industry Co. Ltd
6.1.9 Cordex Instruments Ltd
6.1.10 G.M. International SRL
6.1.11 Extronics Limited
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Type
Explosion Proof
Explosion Prevention
Explosion Segregation
By Zone
Zone 0
Zone 20
Zone 1
Zone 21
Zone 2
Zone 22
By End User
Pharmaceutical
Chemical and Petrochemical
Energy and Power
Mining
Food Processing
Oil and Gas
Other End Users
By System
Power Supply System
Material Handling
Motor
Automation System
Surveillance System
Other Systems
Geography
North America
United States
Canada
Europe
United Kingdom
Germany
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Argentina
Rest of Latin America
Middle East & Africa
United Arab Emirates
South Africa
Rest of Middle East & Africa
Mixed Reality Market – Trends & Forecast (2019 – 2024)
| Electronics | Published by: Mordor Intelligence | Market: |
| 95 pages | Published: 11-06-2019 |
- Electronics
- Mordor Intelligence
- 95 pages
- Published: 11-06-2019
Market Overview
The global mixed reality market was valued at USD 258.69 million in 2018 and is expected to register a CAGR of 47.9% over the forecast period (2019-2024). Mixed reality is gaining widespread recognition across business processes, and the momentum is expected to grow further. However, initial costs have been at higher price points, thus making it hard for consumers, but they are still relatively inexpensive for enterprises.
The increasing adoption of MR in the architecture segment is currently the trend in the industry, which significantly affects the market development. Additionally, the rising adoption of MR devices in the gaming and entertainment sector is expected to drive the MR market during the forecast period.
The mixed reality trend is being fueled by investments in hardware devices, platforms, and software ecosystems. These investments are primarily focusing on replacing keyboards and flat displays with entirely new paradigms for collaboration and communication.
Various app developers and hardware developers are investing in developing MR compatible products. For instance, Zspace Inc., in Dec 2018, released a laptop that is aimed at educators, students, and healthcare providers. The laptop combines augmented and virtual reality through a mix of specialized 3D screen technology and lightweight glasses, making the mixed reality content more accessible.
Scope of the Report
Mixed reality (MR) is a technology that consolidates virtual and augmented reality visualization to give real interactive condition to the clients while watching movies or playing games.
Key Market Trends
Mixed Reality Market in Engineering to hold Major Share
The mixed reality market in engineering is slowly but surely becoming a game-changing utility. The present applications range from 3D modeling and virtual molding to remote repair guidance and project monitoring apps. For instance, Microsoft HoloLens is being used in some enterprises enabled with Microsoft Dynamics to help in assisting the user.
Mixed reality is also a useful and powerful instrument in the scenario that demands the visualization of processes, including the assembly process. In the oil refinery application, users didn’t get a description of how to assemble a plant, because it was not required by the oil refinery company. It is common for companies to experience that the employees do not bother with instructions and studying manuals.
Companies, such as Dassault Systemes, is currently working to create MR views of their virtual manufacturing plants in real-world environments. The company is confident that a model can instantaneously be built in their software and exported directly to the headset. To transit these devices as a true engineering design tool, they are emerging as the next step necessary for the broader application
Geographic Trends
The market is witnessing an increase in adoption in various regions. For instance, MRC Education Services Canada Incorporated has announced a joint venture with River Valley Technology Company of Beijing in the People’s Republic of China to launch an innovative approach for learning and applying English language skills and knowledge. Based on mixed reality (MR) and video over IP, both student in China and tutor in Canada can now engage in English language conversation. Further, UK government, as a part of its’ industrial development strategy, announced an investment of EUR 33 million in April 2018 to cover immersive technologies like AR, VR, and MR. such investments are expected to increase opportunities for UK-based businesses to create new apps, tools, and virtual experiences. In 2018, Microsoft partnered with JTRS, and its parent firm Econocom, to rollout mixed reality-as-a-service offering, which will allow customers to get a HoloLens on a subscription basis across Europe. This service offering of Microsoft indicates the company’s effort to address the high price of its MR device, which is restraining the adoption across regions.
Competitive Landscape
The mixed reality market is a concentrated one, which includes players, such as Microsoft, Magic Leap, Dell, and HP. Of these companies, Microsoft has made significant efforts that contribute to the growth of the MR market, with the company launching the first MR headset. Moreover, in 2017, Microsoft announced a new headset from Samsung, which joins its network of MR device makers, HP, Acer, Lenovo, and Dell. In 2018, Microsoft acquired Flipgrid, a prominent video discussion platform, which is used by more than 20 million teachers and students globally. With this acquisition, the company extends its effort to appeal to students and teachers with its technologies.
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 Key Findings of the Study
1.3 Study Assumptions
1.4 Study Deliverables
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 High-end Consumer Electronics Market
4.2.2 Growing Adoption in Various Industries
4.2.3 Growing Awareness of the Technology, along with Content Availability
4.3 Industry Attractiveness of Porter’s Five Forces Analysis
5 COMPARATIVE ANALYSIS (VR vs MR vs AR)
6 MR HMD COMPONENT VENDORS
7 MARKET SEGMENTATION
7.1 End-user Verticals
7.1.1 Education
7.1.2 Engineering
7.1.3 Entertainment
7.1.4 Healthcare
7.1.5 Other End-user Verticals
7.2 Geography
7.2.1 North America
7.2.2 Europe
7.2.3 Asia-Pacific
7.2.4 Rest of the World
8 COMPETITIVE LANDSCAPE
8.1 Company Profiles
8.1.1 Microsoft Corporation
8.1.2 Hewlett Packard Enterprise Company
8.1.3 Dell Technologies Inc.
8.1.4 AsusTek Computer Inc.
8.1.5 Samsung Electronics Company Limited
8.1.6 Acer Inc.
8.1.7 Magic Leap, Inc.
8.1.8 Amber Garage (Holokit)
8.1.9 Occipital Inc.
9 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
End-user Verticals
Education
Engineering
Entertainment
Healthcare
Other End-user Verticals
Geography
North America
Europe
Asia-Pacific
Rest of the World
Vibration Sensor 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 vibration sensor market was valued at USD 3,354.73 million in 2018, and is expected to reach USD 5,150 million by 2024, registering a CAGR of 7.39% over the forecast period (2019-2024). In an increasingly competitive industrial market, where new features are required to produce smarter’ tools, monitoring the condition of various components has become a fundamental need. This is expected to boost the demand for vibration sensors over the forecast period.
The innovations and developments in technology led to better functioning and improved the productivity of machines. Thus, machine condition monitoring plays an important role in improving the machine’s performance.
Although the demand for vibration sensors has been on the rise since the last few years, compatibility concerns, especially in the case of old equipment, have been identified as major challenges affecting the market.
With the increasing energy demand, there is an increasing need for energy efficiency, which can only be obtained from the optimal maintenance of the electricity supply machinery.
Scope of the Report
Vibration monitoring and analysis are the important quality measurement phenomenon in modern industrial infrastructure. The three parameters that represent vibration monitors are velocity, acceleration, and displacement. The selection of the sensor is proportional to velocity, displacement, or acceleration, which depend on signal levels and frequency that are involved.
Key Market Trends
Aerospace & Defense End User to Hold Significant Share
Increase in situational awareness to drive operations, cost-effective maintenance, and increase in asset utilization are some of the key factors driving the demand for aircraft health monitoring systems.
The passenger traffic in Europe and other major aviation markets, such as the United Kingdom and Germany, have witnessed growth in terms of the number of passengers and aircraft movements, which is expected to drive the market during the forecast period.
Turbine engine failures are the primary cause of mechanical failures, which is increasing the costs; hence, users are increasingly turning to prognostic health management (PHM) systems to prevent these losses and to reduce maintenance costs. As vibration is the most common health monitoring parameter in the aerospace engine industry, the development of PHM systems is likely to have a direct impact on the growth of vibration sensors.
United Kingdom to Hold Significant Share in Europe Region
The United Kingdom is home to the largest aerospace industry; with almost one fifth of the global revenues being generated form aerospace; the country is preceded only by the United States.
Advanced vibration sensors are used for harsh application environments, like rotor track and balance (RT&B) in aircraft. They also serve applications in aircraft design and testing, offering both DC-response (static) and AC-response (dynamic) types of accelerometers.
Growth of consumer electronics in the country has led to a rise in vibration sensors being integrated in the appliances. In 2016, retail volume growth of wearable electronics was driven by activity wearables, with 2.2 million sold products in the United Kingdom.
Competitive Landscape
The vibration sensor market is highly fragmented. The presence of global sensor manufacturers, with established brand identities in the market, is expected to have a profound influence on the intensity of competitive rivalry, as new entrants face challenges in reaching out to consumers. Brand identity plays a strong role in determining buyer behavior.
Therefore, well-known companies have a considerable advantage over other players in the market. Some of the key players are Texas Instruments, Honeywell, and Emerson. Some of the key developments in the market include:
Analog Devices Inc. announced a next-generation accelerometer, designed for long-period monitoring of the physical condition of high-value assets. With its extremely low-power capabilities, the ADXL372 micropower high-g MEMS accelerometer targets Internet of Things (IoT) solutions, where shock and impact on a unit during storage, transit, or use would adversely affect its function, safety, or reliability.
Texas Instruments introduced the industry’s highest performing reinforced isolated amplifier in June 2016.
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 Need for Machine Condition Monitoring and Maintenance
4.3.2 Longer Service Life, Self Generating Capability, and Wide Range of Frequency of Vibration Sensors
4.4 Market Restraints
4.4.1 Compatibility With Old Machinery
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 Product
5.1.1 Accelerometers
5.1.2 Velocity Sensors
5.1.3 Non-contact Displacement Transducers
5.1.4 Other Products
5.2 By End-User Industry
5.2.1 Automotive
5.2.2 Healthcare
5.2.3 Aerospace and Defence
5.2.4 Consumer Electronics
5.2.5 Oil and Gas
5.2.6 Other End-user Industries
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
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 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Mexico
5.3.4.4 Rest of South America
5.3.5 Middle East & Africa
5.3.5.1 United Arab Emirates
5.3.5.2 Saudi Arabia
5.3.5.3 South Africa
5.3.5.4 Rest of Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Rockwell Automation Inc
6.1.2 SKF GmbH
6.1.3 National Instruments Corporation
6.1.4 Texas Instruments Incorporated
6.1.5 Analog Devices, Inc.
6.1.6 Emerson Electric Corp.
6.1.7 Honeywell International Inc.
6.1.8 NXP Semiconductors NV
6.1.9 TE Connectivity Ltd.
6.1.10 Hansford Sensors Ltd.
6.1.11 Bosch Sensortec GmbH (Robert Bosch GmbH)
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Product
Accelerometers
Velocity Sensors
Non-contact Displacement Transducers
Other Products
By End-User Industry
Automotive
Healthcare
Aerospace and Defence
Consumer Electronics
Oil and Gas
Other End-user Industries
Geography
North America
United States
Canada
Europe
Germany
United Kingdom
France
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
South America
Brazil
Argentina
Mexico
Rest of South America
Middle East & Africa
United Arab Emirates
Saudi Arabia
South Africa
Rest of Middle East & Africa
Non-Destructive Testing (NDT) 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 non-destructive testing (NDT) market was valued at USD 15.67 billion in 2018 and is expected to reach a value of USD 23.1 billion by 2024, at a CAGR of 6.7% during the forecast period (2019 – 2024). Most of the non-destructive testing market is dependent on the oil and gas and aerospace sector. The NDT market has been affected severely by the recent fluctuations in crude oil prices, which is rendering loss to most players in the market.
Several governmental agencies and regional bodies, like the American Society of Mechanical Engineers (ASME) and the International Organization for Standardization (ISO), have been instituted across the world to take stringent measures for assuring the safety of instruments and overseeing of engineering services testing. This is important for gaining clearances and certificates from concerned authorities.
Over the past few years, there has been an incremental rise in the demand for skilled NDT technicians across the world. However, the demand, currently, outweighs supply due to a plethora of reasons.
NDT inspection companies have come under severe pressure, due to the supply/demand anomalies regarding the availability of certified professionals. Although many certifying organizations and training institutes have emerged in the recent times, NDT stands to be less attractive as a career in many Asian countries.
Scope of the Report
Nondestructive testing (NDT) is the process of inspecting, testing, or evaluating materials, components, or assemblies for discontinuities or differences in characteristics without destroying the serviceability of the part or system. In other words, when the inspection or test is completed, the part can still be used.
In contrast to NDT, other tests are destructive in nature and are therefore done on a limited number of samples, rather than on the materials, components, or assemblies actually being put into service.
These destructive tests are often used to determine the physical properties of materials, such as impact resistance, ductility, yield and ultimate tensile strength, fracture toughness, and fatigue strength; but discontinuities and differences in material characteristics are more effectively found by NDT.
Key Market Trends
Power and Energy sector expected to hold Significant Share
The main scope of NDT applications in the energy and power industry is to help ensure the safety, integrity, and reliability of plant equipment, such as pressure vessels, boilers, heat exchangers, pipework, and pipelines. The inspection of concrete structures is a part of plant life assessment, as these materials often form an essential part of the construction of such plant equipment.
During 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.
Various regulations make it mandatory for such power plants to undergo a life assessment procedure as a safety measure. Regular inspection is required to check for any damage in the equipment and take necessary countermeasures to control them. This situation is expected to create increased opportunity for NDT equipment in the nuclear power sector.
In the Middle East & Africa, power plants under construction, such as nuclear plants in the United Arab Emirates, coal-based plants in Africa, and replacement of older oil-based power plants by newer ones in Qatar and Saudi Arabia, are expected to drive the demand during the forecast period.
United States to account for a Significant Share
The United States has a mature non-destructive testing (NDT) market. The country’s highly active oil and gas and aerospace industries are the major sources of demand for the non-destructive testing equipment and services in the country.
With the United States Department of the Interior (DoI) planning to allow offshore exploratory drilling in about 90% of the Outer Continental Shelf (OCS) acreage, under the National Outer Continental Shelf Oil and Gas Leasing Program (National OCS Program), the oil and gas sector in the country is expected to open up new opportunities to the market.
Further, as the oil and gas industry output of the United States increases, the International Energy Agency predicts that the United States will add about 3.7 million barrels per day (mb/d) between now and 2023, with more than 70% of the new supply coming from the Permian and the Eagle Ford.
According to the International Energy Agency (IEA), as of December 2017, there were only about 160,000 bpd of available space on the region’s pipeline network, which hardly accommodates about 4% of Texas’ output. As result, many pipeline projects were being taken up in the country in the past two years, to accommodate the impact of increasing oil and gas output.
Competitive Landscape
In the NDT equipment market, incumbents such as GE, YXLON International, and Olympus hold the largest market shares. They have a strong influence on the market in terms of their R&D and consolidation activities.
The exit barriers in the market studied, for both service providers and equipment manufacturers, are due to the high costs involved in operations. Firm concentration ratio has been estimated to grow steadily over the reporting period.
Olympus introduced major new products in medical, scientific solutions, and imaging businesses to fuel business growth. Also enhanced network of endoscope training centers, centered on emerging countries (Thailand for Southeast Asia, Dubai for the Near and Middle East) is expected to lay the groundwork for sustainable growth in the future.
Some of the recent developments include:
GE announced important updates to the popular, field-proven XL series of industrial video borescopes. The newest update to this popular model includes an improved light output for enhanced image quality, stereo measurement, 4GB of internal memory, video output, and multiple USB ports.
YXLON International GmbH (Comet Holdings AG) announced that it has completed installation of its latest technology systems in two inspection services facilities in North America, which are open for customer trials and outsourced inspection contracting.
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 Stringent Regulations Mandating Safety Standards
4.3.2 Increasing Investments in Aerospace and Defense
4.4 Market Restraints
4.4.1 Lack of Skilled Workforce and Training Regulations
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 Equipment
5.1.2 Services
5.2 By Testing Technology
5.2.1 Radiography
5.2.2 Ultrasonic
5.2.3 Magnetic Particle
5.2.4 Liquid Penetrant
5.2.5 Visual Inspection
5.2.6 Eddy Current
5.2.7 Other Testing Technologies
5.3 By End User
5.3.1 Oil and Gas
5.3.2 Aerospace and Defense
5.3.3 Automotive and Transportation
5.3.4 Power and Energy
5.3.5 Construction
5.3.6 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 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Spain
5.4.2.5 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 South Korea
5.4.3.5 Rest of Asia-Pacific
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Mexico
5.4.4.4 Columbia
5.4.4.5 Rest of South America
5.4.5 Middle East & Africa
5.4.5.1 United Arab Emirates
5.4.5.2 Saudi Arabia
5.4.5.3 South Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Olympus Corporation
6.1.2 GE Measurement and Control
6.1.3 YXLON International GmbH (Comet Holdings AG)
6.1.4 Team, Inc.
6.1.5 Applus Services SA
6.1.6 Mistras Group, Inc.
6.1.7 SGS Group
6.1.8 Fujifilm Corporation
6.1.9 Bureau Veritas S.A.
6.1.10 Nikon Metrology NV
6.1.11 Intertek Group PLC.
6.1.12 Acuren Inspection, Inc.
6.1.13 TUV Rheinland AG
6.1.14 Magnaflux Corporation
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Type
Equipment
Services
By Testing Technology
Radiography
Ultrasonic
Magnetic Particle
Liquid Penetrant
Visual Inspection
Eddy Current
Other Testing Technologies
By End User
Oil and Gas
Aerospace and Defense
Automotive and Transportation
Power and Energy
Construction
Other End Users
Geography
North America
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
South America
Brazil
Argentina
Mexico
Columbia
Rest of South America
Middle East & Africa
United Arab Emirates
Saudi Arabia
South Africa
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
Virtual Reality (VR) 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
VR technology has gained widespread recognition and adoption over the past few years. Recent technological advancements in this field have revealed new enterprises. Numerous players are emerging in this market with the hopes to navigate it toward mainstream adoption.
The launch of commercial virtual reality headsets is expected to accelerate the growth of the market. Technological advancements in VR are expected to generate a plethora of VR solutions with diverse capabilities, which allow consumers to experience the utmost immersion. Making the VR experience more real serves as a key driver for market adoption and penetration.
Virtual reality has often found its application compelling, with interactive video games or even movie and television series. Virtual reality serves as a platform to project things that are otherwise too dangerous, expensive, or impractical to do.
Investments by the technology vendors are creating an advancement in the field of display technology, which is likely to change the vision of the traditional methodology. With technology giants, like Google, investing considerable amounts in the tech startups for the development of VR devices, along with other prominent players investing in their R&D over this segment, the future of the market is expected to be more competitive.
Scope of the Report
Virtual reality blurs the line between digital and physical worlds, thereby, generating a sense of being present in the virtual environment for consumers. Several multinational corporations, such as Sony and HTC, are venturing into this market space.
Key Market Trends
Mobile Hardware expected to Hold Major Share
Mobile virtual reality (VR) is the most affordable experience for consumers who want to explore VR without spending a substantial amount of money. Additionally, the portability and massive install base of smartphone users, across the world, lead to its wide-scale adoption. VR headsets rely on the smartphone to display content and use numerous specially developed apps for the same.
For instance, Matterport VR Showcase is a virtual reality app compatible with Samsung Galaxy series (Android KitKat 4.4+), for which the Oculus Gear VR app needs to be installed on the device.
In 2016, approximately 87% of the virtual reality headsets sold worldwide were mobile phone-based, meaning a user’s smartphone mounted on the headset and operated as the screen. Popular mobile phone VR headsets include the Google Daydream View and Samsung Gear VR.
While VR for mobile is currently a less immersive experience than console and PC-based VR, its adoption is expected to increase over the forecast period, due to a host of technological advancements in the mobile VR space. Also, with the growth of smartphones, there is massive potential for the VR market, over the forecast period.
Asia-Pacific Region expected to Witness Significant Growth
Asia-Pacific is expected to hold the major share, owing to the presence of large and several emerging economies, along with the rising acceptance of virtual reality devices in the region. This is, in turn, expected to encourage industry players to invest in the region. China is expected to account for a prominent share in the region, owing to the rising adoption of VR technology in the country. VR took the center stage in China’s tech scenario in 2016. Many startups related to virtual reality are also growing in the country. For instance, Palapple is developing its own VR products. The company also created a project called VResidence, which offers a number of virtual reality real estate products, including an online platform for second-hand property.
Competitive Landscape
The global virtual reality market is witnessing a rise in competitiveness among the companies. The market consists of various major players, such as Oculus, Google, HTC, Samsung, Sony, and Lenovo. In terms of market share, these major players currently dominate the market. However, with increasing innovations in the technology, many of the companies are increasing their market presence by securing new contracts and by tapping new markets.
For instance, in June 2018, Oculus Go was launched in the United Kingdom, Europe, and Canada, less than two months after its US debut. The prices for the standalone VR headset started at EUR 199 (EUR 219/CDN 270). Further, in 2018, Sony Corporation patented a VR headset that combats simulation sickness with eye-tracking and more. According to the patents, the headset would use these features to establish a “health threshold value†that could presumably tell when a VR experience was becoming too intense for the user and then act accordingly.
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 Assumptions
1.3 Study Deliverables
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Introduction to Market Drivers and Restraints
4.4 Market Drivers
4.4.1 Increasing Adoption of Virtual Reality in Commercial Application
4.4.2 Increasing Demand for VR Setup for Training Across Various End-user Segments
4.5 Market Restraints
4.5.1 Health Risks from Using Virtual Reality Headsets in the Long Run
4.6 Industry Attractiveness of Porter’s Five Forces Analysis
4.6.1 Bargaining Power of Suppliers
4.6.2 Bargaining Power of Consumers
4.6.3 Threat of New Entrants
4.6.4 Threat of Substitute Products
4.6.5 Competitive Rivalry within the Industry
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Hardware
5.1.1.1 Mobile
5.1.1.2 Console
5.1.1.3 PC
5.1.2 Software
5.2 By End-user Vertical
5.2.1 Consumer
5.2.1.1 Gaming
5.2.1.2 Media and Entertainment
5.2.2 Commercial
5.2.2.1 Retail
5.2.2.2 Healthcare
5.2.2.3 Military and Defense
5.2.2.4 Real Estate
5.2.2.5 Education
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia-Pacific
5.3.4 Latin America
5.3.5 Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Oculus VR LLC
6.1.2 Sony Corporation
6.1.3 Samsung Electronics Co. Ltd.
6.1.4 Google LLC
6.1.5 Lenovo Group Ltd.
6.1.6 Pico Interactive Inc.
6.1.7 StarVR Corporation
6.1.8 FOVE Inc.
6.1.9 Unity Technologies Inc.
6.1.10 Unreal Engine (Epic Games Inc.)
6.1.11 Crytek GmbH
6.1.12 Autodesk Inc.
6.1.13 Eon Reality Inc.
6.1.14 3D Systems Corporation
6.1.15 Dassault Systemes SE
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Type
Hardware
Mobile
Console
PC
Software
By End-user Vertical
Consumer
Gaming
Media and Entertainment
Commercial
Retail
Healthcare
Military and Defense
Real Estate
Education
Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa