Wednesday, 17 January 2018

Microelectromechanical Systems Market Projected To Grow Owing To The Increasing Demand In Consumer And Automotive Application Segment Till 2024: Grand View Research, Inc.

The global microelectromechanicalsystems (MEMS) market is estimated to reach USD 28.84 billion by 2024, according to a new report by Grand View Research, Inc. The industry is expected to witness tremendous growth owing to increasing demand in consumer and automotive application segment.
The market for MEMS technology is gaining traction in automotive sector with increasing concerns for passenger safety and regulatory norms. MEMS devices such as pressure sensors, accelerometers, and others are used in cars for air bags, tire pressure monitoring, electronic stability control, and other safety features. Growing popularity of wearable devices is anticipated to be key driver for the industry over the next seven years.
Advancement in technology such as sensor fusion is expected to boost industry growth over the forecast period. Technology advancement has led to reduction in size of the devices, making it cost-effective, efficient, and compatible at the same time.
Calibration and accuracy issues may hinder market growth. Intense competition observed among industry participants is a key challenge, forcing industry players to keep the price low to remain competitive in the market.
Further key findings from the report suggest:
·         Consumer electronics is the major segment and accounted for over 40% of the revenue in 2015. Consumer applications include household appliances, computer peripherals, sports training devices, personal navigation devices, and active subwoofers.
·         Healthcare segment is estimated to hold high growth potential. The technology is used for medical research, diagnostic application, and in medical devices such as endoscopic pills and insulin micropumps.
·         Government initiatives, rising healthcare expenditure, and technological advancements are anticipated to boost healthcare segment over the forecast period. Increasing preference of consumer towards home medical monitoring in order to reduce hospital cost and penetration of health monitoring wearable devices is estimated to trigger the use of the technology and open new avenues for the industry players
·         Robert Bosch, Honeywell International, HP, STMicroelectronics, Texas Instruments, and InvenSense are some of the key companies in this domain. In January 2015, InvenSense, Inc. announced integrated motion sensor with multi-core processing that integrates 6-axis MEMS sensor, embedded flash, tri-core sensor hub, SRAM, and software framework
·         Industry is anticipated to witness increase in number of mergers and acquisitions over the forecast period. Non-MEMS players, who are looking forward to enter into this market, are also anticipated to acquire niche existing players
Browse more reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/sensors-and-controls

Grand View Research has segmented the MEMS market on the basis of application and region:
Application Outlook (Revenue, USD Million; 2014 - 2024)
·         Automotive
·         Consumer Electronics
·         Industrial
·         Healthcare
·         Others
Regional Outlook (Revenue, USD Million; 2014 - 2024)
·         North America
o    U.S.
o    Canada
·         Europe
o    UK
o    Germany
·         Asia Pacific
o    China
o    Japan
o    India
·         Latin America
o    Brazil
o    Mexico
·         Middle East & Africa (MEA)
View press release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-mems-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


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Global Power Transformer Market Expected To Grow Due To Increasing Demand For Energy Till 2020 : Grand View Research, Inc.

The globalpower transformer market size is expected to reach USD 28.22 billion by 2020, according to a new report by Grand View Research, Inc. Emerging technological advancements along with rising electricity consumption are projected to elevate industry growth over the next five years. Huge investment in power plant infrastructure coupled with increasing demand for smart meters is projected to positively impact demand. Further, several government initiatives for modernizing the existing grids combined with installation of technologically advanced systems is anticipated to drive power transformer market growth.
Increasing awareness regarding low carbon emission due to service expansions in resource-based industries is anticipated to offer prominent growth opportunities for the industry. Advanced features offered by eco-friendly devices are projected to replace traditional transformers, which are not compatible with current technical and environmental requirements. However, pricing pressure on manufacturing companies coupled with fluctuating raw material prices are expected to hamper growth.
The power transformer market can be classified on the basis of products into 100 MVA to 500 MVA, 501 MVA to 800 MVA, and 801 MVA to 1200 MVA. Increased usage of 100 MVA to 500 MVA products in transmission and distribution network for step-up and step-down application is expected to drive global demand. High capacity product demand in the Middle East and Asia Pacific is estimated to drive revenue.
Asia Pacific is expected to dominate the industry owing to factors such as economic, industrial and social development in the countries such as China and India. Asia Pacific power transformer market is anticipated to grow at a CAGR of over 6.0% from 2014 to 2020. Replacement of aging power infrastructure in North America and Europe is estimated to boost volume sales in these regions. Further, various initiatives undertaken by European nations in order to deploy green transformers are projected to positively impact demand.
Notable players in the industry include GE Co., Alstom SA, Crompton Greaves Ltd, Toshiba Corp., Siemens AG, ABB Ltd, Hyundai Heavy Industries Co. China XD Electric, TBA Co Ltd, and Mitsubishi Electric Co. Companies operating in the power transformer market have to comply with varied regulations related to performance, environment and efficiency.
View press release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-power-transformers-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



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Tuesday, 16 January 2018

Aerial Work Platform (Awp) Truck Market Expected To Grow Due To Growing Urbanization And Safety Concerns By 2022: Grand View Research, Inc.


The global aerialwork platform (AWP) truck market is expected to reach USD 8.0 billion by 2022, according to a new report by Grand View Research, Inc. Increasing government investment in construction sector paired with growing concerns regarding worker safety is expected to drive AWP truck industry growth over the coming years. Growing emphasis on infrastructure development along with rising private investment in real-estate may also spur product demand. In addition, increasing demand for material handling, especially in manufacturing units and factories, is anticipated to significantly fuel AWP truck market growth.
This equipment is primarily used to elevate workers and equipment throughout the maintenance or construction process. The developing telecommunication industry owing to rapidly increasing smartphone users, particularly in Asia, may escalate aerial work platform truck market demand. Industry growth can be attributed to strong economic growth, especially in countries such as India, China, Brazil, and some parts of Europe.
Technological advancements resulting in the development of electrically or hydraulically propelled elevating platforms in order to meet emission standards and cope with growing environmental issues are also anticipated to favorably impact growth. Rising demand application areas such as construction of wind, solar and other energy-generation installations may drive revenue over the coming years. 
Further key findings from the study suggest:
·         Boom lifts market is poised for high growth over the next six years owing to increasing usage of these lifts for tricky architecture or smaller spaces with limited access. This can be further attributed to the several benefits offered by these lifts such as mobility, tight turning radius, standard oscillating axle, and compact design.
·         Construction applications accounted for over 30% of the overall AWP truck industry in 2014, and are expected to witness high growth over the forecast period. Growing infrastructure development and private investment in real-estate are expected to be key factors responsible for growth in this sector.
·         Telecommunication industry is expected to exhibit high growth, which can be attributed to increasing number of smartphone users particularly in Asia. Smartphone proliferation and the associated need for improved telecom infrastructure for better connectivity are expected to elevate demand in the telecommunication industry.
·         North America captured a sizable share of the aerial work platform truck market in 2014, which can be attributed to considerable technological advancements. In addition, increasing maintenance and repair activities coupled with growing concerns and norms regarding worker safety are further propelling product demand in this region.
·         Key industry players such as Tadano, Aichi, Terex and Haulotte focus on automating manufacturing process so as to improve product quality and reliability. Mergers & acquisitions also form a part of core business strategy. Industry participants also emphasize on mergers and collaborations as it helps in joint sales and marketing efforts and product development.
Browse more reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/hvac-and-construction-technologies
Grand View Research has segmented the global aerial work platform truck market on the basis of product, end-use and region:
Aerial Work Platform Truck Product Outlook (Revenue, USD Million, 2012 - 2022)
·         Boom Lifts
·         Scissor Lifts
·         Vertical Mast Lifts
·         Personnel Portable Lifts
Aerial Work Platform Truck End-Use Outlook (Revenue, USD Million, 2012 - 2022)
·         Construction
·         Telecommunication
·         Transport & Logistics
·         Government
·         Others
Aerial Work Platform Truck Regional Outlook (Revenue, USD Million, 2012 - 2022)
·         North America
·         Europe
·         Asia Pacific
·         Latin America
·         Middle East & Africa
View press release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/aerial-work-platform-truck-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



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U.S. Telehealth market Is Expected To Grow Due To Increasing Access To Basic Healthcare By 2022 : Grand View Research, Inc.

U.S. telehealthmarket is expected to reach USD 2.8 billion by 2022, according to a new report by Grand View Research Inc. Increasing access to basic healthcare is the major aim of telehealth along with improved healthcare quality and patient safety by early detection and diagnosis. According to a report published by the Agency for Health Care Research and Quality (AHRQ), implementation of telehealth solution improves quality of care delivery to patients. 
The rising demand for self care and independent living along with the concept of home care is highly appealing to the population. The Rhode Island Partnership for Home Care reported that in 2014, over 20,000 citizens demanded for home care that led to approximately 1,000,000 visits by healthcare providers. Advantages that drive the higher adoption for home care include better psychological impact on patients, provision of friendly environment, care provision as per patient needs, and cost-effectiveness. 
Also, rising geriatric population requires round-the-clock monitoring in homes as they are prone to various chronic ailments. Telehealth system reduces hospital visits and re-hospitalization of patients, along with round-the-clock remote monitoring and allows patients to recover within the comforts of their own home. Telehealth and tele-monitoring devices tender numerous benefits to cater to these demands and hence propel market growth. 
Further key findings from the report suggest:
·         Hardware segment are expected to account for over 40.0% market share by 2022 owing to, video memory, general memory, internet connection and emailing feature, processor speed and display quality are expected to boost the market growth.
·         Software segment is expected to grow at a lucrative CAGR of over 18.0% during the forecast period. The adoption rate for integrated software is higher as compared to the standalone software due to higher options and applications along with cost-efficiency. Examples of integrated solutions include examination cameras, connected devices and software, and telehealth stations.
·         Key players of this market include Philips Healthcare, GE Healthcare, Bosch Healthcare, Intel, IBM and McKesson Corporation.
·         Market participants are involved in manufacturing wide range of telehealth services and software that can be used for patient monitoring, self care and post op monitoring.
·         For instance, in May 2015, Philips announced that the joint program between Philips Telehealth and Banner Health helped reduce costs by 27% and hospitalizations by 45%. The pilot at-home program was used on patients suffering with critical illnesses that accounted for 50% of the healthcare spending.
·         In August 2015, McKesson Technology Solutions through their RelayHealth unit launched the ICD10Central.com. The platform offers easier collaboration between payers and providers. It also has feature of online forums to promote social media communication and quick responses to billing queries by the providers.
Browse more reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/healthcare-it
Grand View Research has segmented the U.S. telehealth market on the basis of products, delivery mode and end-use:
U.S. Telehealth Product Outlook (Revenue, USD Million, 2012 - 2022)
·         Hardware
o    Monitors
o    Medical peripheral devices
o  Blood pressure meters
o  Blood glucose meters
o  Weighing scales
o  Pulse oximeters
o  Peak flow meters
o  ECG monitors
o  Others
o    Software
o  Standalone software
o  Integrated software
o    Services
o  Remote patient monitoring
o  Real-time interactions
o  Store and Forward
o  Other services
U.S. Telehealth Delivery Mode Outlook (Revenue, USD Million, 2012 - 2022)
o    Web-based
o    Cloud-based
o    On-premise based
U.S. Telehealth End-use Outlook (Revenue, USD Million, 2012 - 2022)
o    Providers
o    Payers
o    Others
View press release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/us-telehealth-market-analysis
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

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Power Plant Boiler Market Expected To Grow Due To Rising Demand For Electricity Till 2025 :Grand View Research, INC.

The global power plant boiler market is expected to reach USD 28.0 billion by 2025, according to a new report by Grand View Research, Inc. Rising demand for electricity is expected to propel the sector growth. The global population is increasing at a robust pace and likely to reach 2.2 billion by 2050. Moreover, the increase in population has led to rapid urbanization, especially in the developing countries. As per the United Nations World Urbanization Prospects, it is estimated that the urban population, which was 30% of the global population in 1950, is projected to reach 66% by 2050.
The growing urbanization has led to a rise in power consumption. To cope up with the rising power demand, governments across the world are on the lookout for various alternatives to boost power generation capacity. For instance, the government of India is offering power generation subsidiaries to operators to generate power through biogas. The government offers nearly USD 30 thousand per MW. The subsidy is valid only for the boiler manufacturers and steam turbine producers. Such initiatives are likely to produce modest demand for boilers over the forecast period.
Netherlands-based BDR Thermea acquired ECR International in 2016 to expand the company’s existing product portfolio in the North America market via the latter’s distribution network. Key vendors analyzedin the report are Babcock & Wilcox Enterprises; Dongfang Electric Corporation (DEC); Siemens AG; Mitsubishi Heavy Industries, Ltd.; and General Electric (GE). Mergers and acquisitions continue to form an integral part of the market growth.
Further key findings from the report suggest:
·         The global demand for power plant boiler market was USD 19.8 billion in 2016 and likely to reach USD 28.0 billion by 2025, at a predicted CAGR of 3.9% from 2017 to 2025
·         Subcritical technology was the largest segment in the market, accounting for over 73% of the total revenue in 2016
·         Pulverized fuel combustion was the largest process segment, in terms of revenue, in 2016. The segment is likely to be valued at USD 15 billion by 2025, indicating a CAGR of 3.9%.
·         In terms of revenue, APAC is expected to be the largest regional market at a projected CAGR of 4.7% over the forecast period
·         The industry is dominated by a few multinational corporations such Babcock & Wilcox Enterprises; Dongfang Electric Corporation (DEC); Siemens AG; Mitsubishi Heavy Industries Ltd., and General Electric (GE)
Browse more reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/power-generation-and-storage
Grand View Research has segmented the global power plant boiler market by process, technology, fuel type, and region:
Process Outlook (Revenue, USD Million; 2014 - 2025)
·         Pulverized fuel combustion
·         Fluidized bed combustion
·         Others
Technology Outlook (Revenue, USD Million; 2014 - 2025)
·         Subcritical
·         Supercritical
·         Ultra-critical
Fuel type Outlook (Revenue, USD Million; 2014 - 2025)
·         Petroleum
·         Nuclear
·         Natural gas
·         Coal
·         Renewables
Regional Outlook (Revenue, USD Million; 2014 - 2025)
·         North America
o    U.S.
o    Canada
·         Europe
o    Germany
o    France
o    UK
·         Asia Pacific
o    China
o    Japan
o    India
·         CSA
o    Brazil
·         Middle East & Africa
o    Saudi Arabia

View press release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-power-plant-boiler-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
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