Power Electronics Market Size Is Projected To Reach A Valuation Of USD 39.22 Billion by 2025 : Grand View Research, Inc.

The global power electronics market is expected to reach USD 39.22 billion by 2025, according to a new report by Grand View Research, Inc. Increased focus on the usage of renewable energy sources has been one of the major factors driving the market. In addition, the development of power infrastructure, coupled with the increasing demand for battery-powered portable devices, has led to the increased adoption of power electronic devices and products across various industry verticals such as power, automotive, communication, aerospace & defense, consumer electronics, and other sectors.

Power electronic devices use switching electronic circuits to regulate the flow of energy. They are also used in alteration of electric power, which is usually performed by the semiconductor devices such as diodes, transistors, and thyristors. Power electronic devices are useful in connecting renewable energy resources with power grids and transportation of energy. They have applications in electric trains, motor drives, and lighting equipment and play a key role by enabling heat sinking and soft starting of the motors.

The power electronics market is extensively consolidated, in terms of applications and materials that are used to produce power electronic devices. The advancements and exhaustive research & development activities in the power devices have enabled the evolution of power electronics. The market possesses significant potential for growth and is dynamic and adaptive in nature. A few highlighting features of the power electronic devices are durability against coarse environmental conditions, extended life (suitable for rugged industrial applications), and better efficiency & reliability.

The power electronics industry has been undergoing continuous developments and up gradations, since its emergence. Several factors, such as the rapid inception of renewable energy sources and rising adoption of electric vehicles & radio communication, are influencing market growth. The adoption of power electronic devices in healthcare systems & instruments and the automotive industry is expected to drive the market over the forecast period.

The Asia Pacific market is expected to grow at the fastest CAGR of 2.0% from 2017 to 2025, owing to the emergence of manufacturing hubs across the continent. Countries, such as China, India, South Korea and Singapore, are expanding their domestic manufacturing activities across various industry verticals, such as consumer electronics, telecommunication, military & defense, and automotive, to strengthen their economies. In addition to this, prominent industry players are investing and establishing production & distribution units to capture the regional markets. All the above-mentioned factors are further providing additional impetus to power electronics market.

However, the power electronics market is facing challenges such as high initial expenditures and deposition of Gallium Nitride (GaN), Gallium Arsenide (GaAs), and Silicon Carbide (SiC) on the silicon materials which is a quite tedious and complex procedure, especially to reach while in high voltage ranges. Expensive & time-consuming processes and complexity issues involved in manufacturing power devices are anticipated to restrain the market growth.

Full Research Report On power electronics market Analysis: http://www.grandviewresearch.com/industry-analysis/power-electronics-market

Further key findings from the report suggest:

·         The global power electronics market was valued at USD 31.48 billion in 2015 and is expected to grow at a CAGR of 2.2% from 2017 to 2025

·         The silicon segment emerged as the largest material segment in 2015 and is estimated to generate USD 28.0 billion by 2025

·         The Integrated Circuit (IC) segment is projected to exhibit the fastest growth rate over the forecast period

·         The industry is projected to witness substantial growth, in the Asia Pacific region, over the next decade, owing to the developments in major and emerging economies (across the ICT, automotive, and consumer electronic sectors) such as China, Japan, South Korea, and India. The regional market is expected to grow at a CAGR of 2.8% from 2017 to 2025.

·         The key players, such as Texas Instruments, Inc., Renesas Electronics Corp, Mitsubishi Electric Corp., Fuji Electric Co., Ltd., and Infineon Technologies AG, dominated the global power electronics market and accounted for 60% of the total revenue in 2015

View More Reports Of This Category By Grand View Research At: https://www.grandviewresearch.com/industry/electronic-devices

Grand View Research has segmented the global power electronics market based on materials, devices, applications, and regions:

Material Outlook (Revenue, USD Billion, 2014 - 2025)

·         Silicon

·         Sapphire

·         Silicon Carbide (SiC)

·         Gallium Nitride (GaN)

·         Others

Device Outlook (Revenue, USD Billion, 2014 - 2025)

·         Discrete

·         Module

·         IC

Application Outlook (Revenue, USD Billion, 2014 - 2025)

·         ICT

·         Consumer Electronics

·         Power

·         Industrial

·         Automotive

·         Aerospace & Defense

·         Others

Regional Outlook (Revenue, USD Billion, 2014 - 2025)

·         North America

o    U.S.

o    Canada

o    Mexico

·         Europe

o    Germany

o    UK

o    France

·         Asia Pacific

o    China

o    Japan

o    India

·         South America

o    Brazil

·         Middle East & Africa

View Press Release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-power-electronics-market

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Machine Vision Market expected to reach USD 19.22 billion by 2025 : Grand View Research, Inc.

The global machine vision market is expected to reach USD 19.22 billion by 2025, according to a new report by Grand View Research, Inc. The ability of machine vision systems to process a large amount of information in a fraction of seconds is a major factor driving the market growth. The quick processing ability of machine vision systems is paving the way for manufacturers to achieve new milestones in manufacturing products with negligible defects. Moreover, the increasing adoption of robots across industrial sectors is leading toward the application of vision-guided robotic systems. Industrial verticals, such as automotive, pharmaceutical, packaging, and food & beverage, are prominent sectors where robotic systems are used, eventually fueling the demand for machine vision systems.

The machine vision technology encompasses various components in order to capture images of products to analyze them depending on different parameters of quality and safety. The technology is a combination of software and hardware that provides operational control to devices to execute functions such as capturing and processing of images and measuring various characteristics required for decision making. Major components of the system comprise lighting, lens, image sensors, vision processing, and communication devices. Machine vision systems assist in resolving complicated industrial tasks with reliability.

Industrial machine vision systems are usually more robust and demand high reliability, stability, and accuracy as compared to those used in institutional or educational applications. They cost lesser than systems used in military, aerospace, defense, and government applications. These factors are expected to lead to a greater adaptability of the technology in industrial sectors. In addition, the robotic vision systems used across the industries are also leading to the increasing adoption of the technology, thereby strengthening the overall market.

The technology has proven to be of key importance in the area of manufacturing and quality control, owing to the increasing need for quality inspection and production. In addition, the growing automation in industrial segments is also facilitating the growth of the market worldwide at a considerable rate.

The technology has been witnessing extensive developments and innovative upgrades since its emergence. Several factors, such as the growing inception of the technology and increasing need for quality products, are influencing the market growth. Furthermore, machine vision systems are gaining traction in the medical and healthcare applications at a considerable pace. The analysis of medical images and robotic applications for carrying various medical activities are the key roles of the technology in these sectors.

The Asia Pacific region contributed to the largest market share in 2015, which can be attributed to ample opportunities offered on account of large manufacturing practices carried out in the region. Countries such as China, Japan, South Korea, and India are considered to be potential markets for upcoming technologies, including machine vision. The region’s huge industrial expansion has been contributing to the prosperity and development of various innovations and the adoption of different technologies significantly.

In addition, factors such as increasing focus on developments and expenditures in vision-related research activities along with the growing manufacturing base in the region are expected to spur the technology market growth in Asia Pacific, in turn boosting the overall market at a notable pace. The market is anticipated to exhibit the fastest growth of 10.4% over the forecast period.

The industry is facing challenges due to lack of awareness among users about the rapidly advancing machine vision technology. Moreover, the complexity of integrating machine vision systems are the major difficulties being faced by manufacturers, which is also restraining the smoother growth of the industry.

Full Research Report On machine vision market Analysis: https://www.grandviewresearch.com/industry-analysis/machine-vision-market

Further key findings from the report suggest:

·         The global machine vision technology market was valued at USD 9.10 billion in 2016 and is projected to grow at a CAGR of 8.5% from 2017 to 2025.

·         The PC-based system segment accounted for the largest market size in 2016 and is estimated to generate USD 10.48 billion by 2025.

·         The identification application segment is anticipated to exhibit the fastest growth rate over the forecast period followed by positioning and guidance applications.

·         The European machine vision market is estimated to attain USD 4.47 billion by 2025.

·         The industry is expected to witness a substantial growth in the Asia Pacific region over the next decade. This growth is witnessed in the wake of ample opportunities offered due to the presence of large manufacturing hubs in prominent countries (across the food and packaging, automotive, pharmaceutical, industrial, and consumer electronic sectors) such as China and Japan. The regional market is expected to grow at a CAGR of 10.4% from 2017 to 2025.

·         The prominent companies in the industry include Allied Vision Technologies GmbH (Germany), Basler AG (Germany), Cognex Corporation (U.S.), Keyence Corporation (Japan), National Instruments (U.S.), Omron Corporation (Japan), Machine Vision Technology (UK), and Microscan Systems (U.S.).

View More Reports Of This Category By Grand View Research At: https://www.grandviewresearch.com/industry/technology

Grand View Research has segmented the global machine vision market based on offering, products, applications, and regions:

Machine Vision Offering Outlook (Revenue, USD Million; 2014 - 2025)

·         Hardware

·         Software

Machine Vision Product Outlook (Revenue, USD Million; 2014 - 2025)

·         PC Based

·         Smart Camera Based

Machine Vision Application Outlook (Revenue, USD Million; 2014 - 2025)

·         Quality Assurance and Inspection

·         Positioning and Guidance

·         Measurement

·         Identification

Machine Vision Regional Outlook (Revenue, USD Million; 2014 - 2025)

·         North America

o    U.S.

o    Canada

o    Mexico

·         Europe

o    Germany

o    UK

o    France

·         Asia Pacific

o    China

o    Japan

o    India

·         South America

o    Brazil

·         Middle East & Africa

 View Press Release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-machine-vision-market

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Healthcare IT Market Is Expected To Reach USD 104.5 Billion By 2020: Grand View Research, Inc.

The global healthcare IT market is anticipated to reach USD 104.5 billion by 2020, according to a new report by Grand View Research, Inc. Increasing demand for enhanced healthcare facilities and introduction of technologically advanced systems are expected to boost industry growth.

Increasing geriatric population prone to chronic diseases resulting into high patient base is triggering the demand for sophisticated healthcare facilities. Furthermore, increasing number of patients requiring home healthcare acts as an effective growth driver for this market.

Full Research Report On healthcare IT market Analysis:
http://www.grandviewresearch.com/industry-analysis/healthcare-it-market

According to a report published by the U.S. Centers for Disease Control and Prevention (CDC) in 2011, the number of patients needing home healthcare was nearly 4.7 million in the U.S. and is on a constant rise, which is further expected to fuel the healthcare IT market demand.

Advent of technologically advanced software, such as interoperable system and cloud computing, is expected to attract more investors focus on developing integrated healthcare system to curb problems associated with conventional procedures of record keeping. For example, the uses of e-healthcare record system to maintain patient database help to provide instant information about patients’ health in case of emergency.

Telecommunication and telehealth accounted for over 40.0% of the market share owing to the high usage rates in 2013. Introduction of technological advancements such as Teleimmersive Environment for Everybody (TEEVE) and Session Initiation Protocol (SIP) are the factors promoting this segment’s growth.

Electronic Health Records (EHR) is expected to register an upward shift to reach up to USD 26.72 billion in 2020. Growth is primarily driven by the rising demand for integrated information system in the field of healthcare IT. Faster accessibility and low maintenance cost are the two most significant factors contributing towards the rising demand of these EHR systems.

In 2013, North America market was valued at around USD 20.0 billion owing to the factors such as favorable government initiatives pertaining to the introduction of technologically advanced healthcare IT facilities, sophisticated healthcare infrastructure, and increasing patient awareness levels coupled with relatively higher healthcare expenditures in the region.

On the other hand, Asia Pacific healthcare IT market is expected to reach at over USD 19.6 billion by registering lucrative growth rate in 2020. Growth is attributed to the rising healthcare expenditure, larger untapped opportunities, and growing disposable income level.

Prominent players operating in this industry include Athenahealth Inc., GE Healthcare, Agfa Healthcare, Philips Healthcare, E-MDS Inc., Carestream Health McKesson Corporation, Carestream Health eClinicalworks, and Hewlett-Packard.

View More Reports Of This Category By Grand View Research At:  https://www.grandviewresearch.com/industry/healthcare

Grand View Research has segmented the global healthcare IT market on the basis of application and region:

Healthcare IT Application Outlook (Market Revenue in USD Million, 2012 - 2020)

·         Electronic Health Records

·         Computerized Provider Order Entry Systems

·         Electronic Prescribing Systems

·         PACS

·         Lab Information Systems

·         Clinical Information Systems

·         Telemedicine and Telehealth

·         Others

Healthcare IT Regional Outlook (Market Revenue in USD Million, 2012 - 2020)

·         North America

·         Europe

·         Asia Pacific

·         Rest of the World

View Press Release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-healthcare-it-market

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Varicose Veins Treatment Market expected to reach USD 1,715.6 million by 2025 : Grand View Research, Inc.

The global varicose veins treatment devices market is expected to reach USD 1,715.6 million by 2025, according to a new report by Grand View Research, Inc. The growth in investments by the companies in the industry to develop innovative and effective products is likely to increase the market growth over the forecast period.

Varicose veins can be unsightly and can lead to considerable discomfort in some cases. Available treatments for varicose veins have improved since the last few years. Various healthcare providers are offering minimally invasive techniques such as radiofrequency ablation and laser therapies.

Due to the risk of infections associated with invasive surgeries, surgical vein stripping methods have been replaced by noninvasive procedures. Schlerotherapy is the most popular and used as a first-line of treatment for varicose veins among endovenous ablation and surgical stripping.

Full Research Report On Varicose Veins Treatment Devices Market Analysis:
https://www.grandviewresearch.com/industry-analysis/varicose-veins-treatment-devices-market

Further Key Findings From the Report Suggest:

·         Sclerotherapy dominated the market in the year 2017 due to its advantages including no scarring; no need for anesthesia; no need for hospital admission; simple follow-up treatments; and favorable reimbursement policies

·         In the U.S., Medicare provides coverage to the patients undergoing sclerotherapy treatment for varicose veins, which can increase its adoption by the care providers and especially by the patients

·         Medtronic announced that new CPT codes may aid in getting positive coverage for its VenaSeal closure device from public and private insurers in the U.S. in November 2017

·         Endovenous ablation segment is anticipated to witness the fastest growth over the forecast period as it is preferred over the conventional procedures such as surgical stripping and ligation

·         North America dominated the market in terms of revenue share in the year 2017 as about 30 million Americans suffer from varicose vein each year

·         In May 2016, Navarro opened a vein center in the U.S. with a vision to educate the community about chronic venous insufficiency & varicose veins and the proper treatment for varicose veins

·         Asia Pacific is expected to be the fastest-growing market segment in the coming years due to rising awareness about minimally invasive and noninvasive procedures, rising disposable income levels, and large base of geriatric population

·         Some of the key market players are AngioDynamics, Inc.; Medtronic plc; Syneron Medical Ltd.; Biolitec AG; Lumenis Ltd.; Energist Group; Eufoton srl; and Teleflex, Inc.

·         Development of innovative products, commercialization, and availability of reimbursements for the product are some of the strategies undertaken by the market players to strengthen their position in the market

·         In addition, market players acquire other vascular businesses to boost their own product portfolio and overall revenue. For instance, Teleflex acquired Vascular Solutions, Inc. in 2017

·         Some of the market players play a role of distributors by purchasing products from core manufacturers. For instance, AngioDynamics, Inc. purchased Asclera from Merz in March 2016

View More Reports Of This Category By Grand View Research At: https://www.grandviewresearch.com/industry/medical-devices

Grand View Research has segmented the varicose veins treatment devices market based on type and region:

Type Outlook (Revenue, USD Million; 2014 - 2025)

·         Endovenous Ablation

·         Sclerotherapy

·         Surgical Ligation & Stripping

Regional Outlook (Revenue, USD Million; 2014 - 2025)

·         North America

o    U.S.

o    Canada

·         Europe

o    UK

o    Germany

·         Asia Pacific

o    Japan

o    China

o    India

·         Latin America

o    Brazil

o    Mexico

·         Middle East & Africa

o    South Africa

View Press Release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-varicose-veins-treatment-devices-market

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com