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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
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
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
US LED Market – Growth, Trends, Forecast (2019 – 2024)
| Electronics | Published by: Mordor Intelligence | Market: |
| 85 pages | Published: 14-06-2019 |
- Electronics
- Mordor Intelligence
- 85 pages
- Published: 14-06-2019
Market Overview
The US LED market was valued at USD 8.82 billion in 2018 and is expected to register a CAGR of 12.6% over the forecast period (2019-2024). Residential LEDs, especially ENERGY STAR rated products, use at least 75% less energy, and last 25 times longer, than incandescent lighting. Widespread use of LED light also has the most significant potential impact on energy savings in the United States.
The high efficiency and directional nature of LEDs make them perfect for multiple industrial uses. LED lights are increasingly being incorporated in parking garage lightway, walkway, street lights, modular lighting, and task lighting among other things.
The LED lighting penetration in terms of cumulative installations is significantly lower compared to its market share of unit shipments. There are two primary reasons for this phenomenon. Firstly, the total number of lighting products installed, i.e. the U.S. inventory of lighting, is significantly larger than the total number shipped each year, since the lifetime of lighting products in several applications exceeds one year.
Secondly, the cumulative installed penetration of LED lighting increases as it replaces conventional lighting technologies. Therefore, when an existing LED product installed is replaced by a newer LED product, either due to failure or lighting upgrade, it results in almost zero net gain to the installed penetration of LED lighting. The importance of this phenomenon increases the longer a technology is available on the market and affects the cumulative installed stock of LED lights.
Scope of the Report
The United States LED market is segmented into two categories, indoor and outdoor, based on the type of use. The indoor segment is further subdivided into the residential, commercial, and industrial sector. Based on category type, the market is further segmented into general purpose, integrated fixture/luminaire, linear, and reflector.
Key Market Trends
General Purpose Lighting to Hold Major Share
The alternatives to incandescent light bulbs, which are energy efficient, have been available for a long time. Since the past few years, market conditions have been favoring and LED bulbs are poised for widespread consumer adoption.
Moreover, price decrease, energy savings, and an independent certification for rigorous performance standards are bolstering customer satisfaction. Traditional incandescent light bulbs comprising of 100-40W bulbs have catered to the basic lighting needs in the country for more than a century. However, 90% of the energy used is wasted as heat and only 10% is used to deliver light.
The adoption of LED bulbs has been majorly augmented by the Energy Independence and Security Act (EISA) of 2007 general service lamp standards. The maximum wattage standards, which began to take effect from 2012, requires a 25% efficiency increase for all general service lamps.
Competitive Landscape
The United States LED 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 base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market share and increase their profitability. In Nov 2017, Cree launched KBL LED High-Bay Series, a solution for various applications such as retail, civic, and industrial. As a result, it is projected to attract new and existing customers. Further in Jan 2018, Feit Electric Company launched a LED product line complying with the California energy commission standards, which is likely to drastically boost the company’s presence and help in enticing new consumers.
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 PESTLE Analysis
4.3 Industry Attractiveness Porter’s Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
4.4 Industry Value Chain Analysis
5 MARKET SEGMENTATION
5.1 By Type of Use
5.1.1 Indoor
5.1.1.1 Residential
5.1.1.2 Commercial
5.1.1.3 Industrial
5.1.2 Outdoor
5.2 By Category Type
5.2.1 General Purpose
5.2.2 Integrated Fixture/Luminaire
5.2.3 Linear
5.2.4 Reflector
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Acuity Brands Inc.
6.2.2 Cree Inc.
6.2.3 GE Lighting (General Electric Co.)
6.2.4 Eaton Corporation
6.2.5 Hubbell Incorporated
6.2.6 Feit Electric Company Inc.
6.2.7 OSRAM Licht AG
6.2.8 Philips Lighting
6.2.9 Samsung Electronics Co. Ltd.
6.2.10 Bridgelux Inc.
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Type of Use
Indoor
Residential
Commercial
Industrial
Outdoor
By Category Type
General Purpose
Integrated Fixture/Luminaire
Linear
Reflector
UV LED 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 UV LED Market was valued at USD 345.77 million in 2018, and it is expected to reach a value of USD 900 million by 2024, at a CAGR of 17.13% over the forecast period (2019-2024).
UV-C LEDs have a particularly low external quantum efficiency (EQE). They only convert about 5% of the power input into light. The remaining 95% of the power is converted to heat, which must be quickly removed to keep the LED junction below its maximum operating temperature. Failure to keep the LED cool will at best shorten its life, and at worse cause it to fail catastrophically.
Increasing environmental concerns and ongoing actions under the legislation to cut the emissions of volatile organic compounds (VOCs) have been the major driving forces behind the development of radiation curing coatings over the past few years.
UV LED’s power output grows considerably with its technologies being redeveloped. Also, UV LED has a longer lifespan, smaller size, more uniform light distribution, and it saves more energy. Due to this, most countries approved the Minamata Convention on Mercury in 2013 and approved energy-saving policies.
Scope of the Report
Ultraviolet (UV) LED lights emit a light that is nearly invisible to the naked eye, but has many practical applications. UV LED lights can be used to authenticate documents like driver’s licenses, passports, credit cards, and currency, all of which include watermarks that are visible under UV light.
Key Market Trends
Increasing Investments in Healthcare and Scientific Applications
A UV-B LED is usually used in applications, such as medical phototherapy. This technology is highly effective and efficient in offering vitamin D3 to the human skin, as compared to sunlight.
UV LEDs are used in medical equipment used for phototherapy, DNA analysis, drug discovery, and vitamin analysis. The global healthcare industry is progressing at a rapid pace and will expand indefinitely during the forecast period. The increasing investments in healthcare and scientific applications in the Americas have been driving the revenues for all related markets, including the UV LED technology market
Vitamin D is one of the most important nutrients for human health, and moreover, people having malabsorption disorders are highly reliant on vitamin D3. The UV-B LED was found to be more than 2.4 times efficient in an experiment with Rayvio’s 293nm LED than sunlight in 1/60th the time.
North America is Expected to have Highest Market Share
In the United States, UV lights have been using in the industry, military, and customer products over a long period. The principal application is based on the technology of UV used, i.e., whether it lies in the A, B, or C wavelength of the electromagnetic spectrum.
UVA lamps have been traditionally used in the printing, photolithography, and curing through UV lamps that worked with arc-discharge mercury or amalgam lamps. One of the primary concerns with such lamps is the use of mercury that is regarded as toxic and non-environment-friendly technology. These shortcomings have resulted in the use of UV LED in the market and has been a common trend in every region. The major use of UVA has been in the energy-curable printing.
Drinking water contaminants pose harm to public health. Some can cause immediate illness. There have been incidents, such as the 16 million cases of acute gastroenteritis occurring each year at US community water systems. In the United States, as per the National trends in drinking water quality violations research, Feb 2018 findings, health-based drinking water quality violations are widespread, with 9 million to 45 million people affected during each of the past 34 years. The results were published in US National Library of Medicine National Institutes of Health Search database and are a good indicator of demand in the future.
CFR – Code of Federal Regulations Title 21, mentions the regulatory obligations of the product to be followed by the UV LED manufacturers and has pushed for further improvements. Stricter regulations and the scarcity of raw materials are generally considered to be drivers of innovation, and the same has been observed in the market for products that are directly used by customers.
Competitive Landscape
The UV LED Market is highly fragmented with many companies in the competition, Some of the major players in UV LED Market are LG, Nordosn. Some of the key developments in UV LED Market are as follows:
Legrand and Lumileds announced a partnership agreement that will bring to market a simple to integrate and easy-to-install plug and play solution that delivers high-quality tunable-white light. Under this agreement, Lumileds will provide intelligent light sources (LUXEON-based solutions) through its Matrix Platform that are uniquely characterized and programmed to work with Legrand’s Wattstopper Blanco tunable-white logic modules within the Wattstopper digital lighting management (DLM) lighting controls solution.
LG Innotek planed to launch the high-end UV LED brand,InnoUV .†The company plans to give the common name “InnoUV†to all of its UV LED products, apply a separately created brand logo design to them, and allow all finished products that use the company’s UV LED to use the logo.
Seoul Viosys introduced its plans to commercialize UV LEDs based on chip-scale packaging (CSP) technology. In line with this, the company was also been awarded with a patent for the technology development and design.
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 Rising Adoption of UV Curing
4.3.2 Benefits of UV LED Technology
4.4 Market Restraints
4.4.1 Thermal Challenges
4.5 Industry Attractiveness Porters Five Force 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 Technology
5.1.1 UV-A
5.1.2 UV-B
5.1.3 UV-C
5.2 By Application
5.2.1 Optical Sensors and Instrumentation
5.2.2 Counterfeit Detection
5.2.3 Sterilization
5.2.4 UV Curing
5.2.5 Medical Light Therapy
5.2.6 Other Applications (Photocatalytic purification, Tanning)
5.3 Geography
5.3.1 North America
5.3.1.1 US
5.3.1.2 Canada
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 UK
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 South Korea
5.3.3.4 Rest of Asia-Pacific
5.3.4 Latin America
5.3.4.1 Brazil
5.3.4.2 Chile
5.3.4.3 Mexico
5.3.4.4 Rest of South America
5.3.5 Middle East and Africa
5.3.5.1 UAE
5.3.5.2 South Africa
5.3.5.3 Rest of Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Lumileds Holding B.V.
6.1.2 LG Innotek Co. LTD.
6.1.3 Nordson Corporation
6.1.4 Honle UV America Inc.
6.1.5 Seoul Viosys Co. Ltd.
6.1.6 Nichia Corporation
6.1.7 Semileds Corporation
6.1.8 Aquionics Inc. (A Halma Company)
6.1.9 Crystal IS Inc.
6.1.10 Heraeus Holding GmbH
6.1.11 Fuji Xerox Co. Ltd.
7 MARKET INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Technology
UV-A
UV-B
UV-C
By Application
Optical Sensors and Instrumentation
Counterfeit Detection
Sterilization
UV Curing
Medical Light Therapy
Other Applications (Photocatalytic purification, Tanning)
Geography
North America
US
Canada
Europe
Germany
UK
France
Rest of Europe
Asia Pacific
China
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Chile
Mexico
Rest of South America
Middle East and Africa
UAE
South Africa
Rest of Middle East and Africa
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