Conveyor Monitoring Market massive growth $254 million by 2024

According to the new market research report "Conveyor Monitoring Market by (Technology, Offering, Deployment Type), Conveyor Belt Monitoring, Industry (Mining, Power Generation), and Geography (North America, Europe, APAC, RoW) - Global Forecast to 2024"The conveyor monitoring market is likely to reach USD 254 million by 2024 from USD 215 million in 2019; it is estimated to record a CAGR of 3.5%. The growth of this market can be attributed to the increasing focus of companies on reducing revenue loss due to faults in conveyor belts and motors, and the rising adoption of predictive maintenance tools and techniques.

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Browse 32 market data Tables and 29 Figures spread through 100 Pages and in-depth TOC on "Conveyor Monitoring Market"

Beltscan Systems Pty Ltd. (Australia), Yellowtec (Australia), Honeywell International Inc. (US), ContiTech Conveyor Belt Group (Germany),  Fenner Dunlop (Australia), PHOENIX CBS GMBH (Germany), Emerson Electric Co. (US), Bruel & Kjaer (Denmark), SKF (Sweden), and Parker Hannifin Corporation (US) are a few major players operating in the conveyor monitoring market.

“Conveyor belt monitoring to account for larger market share than conveyor motor monitoring”

Conventional methods of detecting failures in conveyors are unreliable, time-consuming, and labor-intensive. Conveyor belts carry tonnes of raw materials, minerals, and processed and unprocessed goods from a great distance. Conveyor belts are subject to many problems, including longitudinal cracks, damages to belt edges, belt wear and tear, belt overlapping on pulleys, cord misalignment, and insufficient belt cleaning. The productivity of companies carrying out mining activities or generating power is directly proportional to the continuous availability of conveyor belts. Monitoring the conveyor belt helps  avoid costly shutdowns by timely inspecting defects and raising the precautionary alarm in such cases.

 

 “Mining industries to lead conveyor monitoring market from 2019 to 2024”

Conveyor monitoring becomes crucial for processes involved in mining.  Mining sites are usually remotely located with the possibilities of having hazardous or inaccessible locations. Conveyors are commonly used in carrying raw materials or minerals for processing. The productivity of mining sites depends on the continuity of the mining process, which, in turn, directly depends on the availability of continuously working conveyors. To ensure the continuous work of conveyors, it is essential to monitor the health of the conveyor belts and conveyor motors. Conveyor monitoring equipment not only monitor the health of conveyors but also predict any potential damages or downtime so that actions can be taken beforehand. Also, conveyor monitoring ensures the safety of miners as transporting minerals from hazardous locations may prove injurious or fatal.

“APAC to be largest market for conveyor monitoring during forecast period”

APAC is anticipated to be the fastest-growing region for the conveyor monitoring market due to the technological innovation and adoption of automation technologies in various industries. The APAC region is witnessing a surge in the deployment of conveyor monitoring solutions. China and Australia, being the top mining countries, have been adopting real-time conveyor monitoring systems to increase the operational efficiency and production in the country. Conveyor monitoring solutions help miners to optimize their operating costs by predicting failure of conveyors to achieve high efficiency in production. Australia has the highest number of mining sites and activities. Mining sites in Australia have focused on mining automation that includes the use of conveyor monitoring solutions in those mining sites. Major Australian players such as Fenner Dunlop and Beltscan offer a wide range of products in conveyor monitoring. With Australia being the forerunner in the mining industry, the APAC region holds the largest market share of the conveyor monitoring market.

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Electronic Article Surveillance Market expected to reach $1,173 million by 2024

The report "Electronic Article Surveillance Market by Component (Tags, Antennas & Detachers), Technology, End User (Apparel & Fashion Accessories Stores, Supermarket & Mass Merchandise Stores, Drug & Health Product Stores), and Geography - Global Forecast to 2024", is expected to grow from USD 981 million in 2019 to USD 1,173 million by 2024, at a CAGR of 3.6%. Modernizing retail sector, and protection against inventory losses, shoplifting, and theft are the major driving factors for the market’s growth during the forecast period. Growing inclination toward digital operations and high growth potential for electronic article surveillance market in emerging economies is expected to offer tremendous growth opportunities in the near future.

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Browse 32 market data Tables and 34 Figures spread through 111 Pages and in-depth TOC on "Electronic Article Surveillance Market"

Key players in the electronic article surveillance market include Checkpoint Systems (Canada), Johnson Controls (Ireland), Agon Systems (UK), ALL-TAG Corporation (US), Amersec (Czech Republic), TAG Company (UK), Ketec (US), WG Security Products (US), Softdel (US), Shenzhen Emeno Technology (China), Cross Point (The Netherland), Takachiho Koheki (Japan), Stanley Security (US), Shopguard Systems (Hungary), Dexilon Automation (Spain), Feltron Security Systems (UAE), and Sentry Custom Security (Canada).

“Apparel & fashion accessories stores to dominate market (in terms of share) during the forecast period.”

Apparel & fashion accessories are among the major businesses in terms of revenue, investment, trade, and job creation. A need to cater to the growing demand for latest apparels and fashion accessories creates a need for a huge number of stores with technologically advanced systems—such video surveillance—for reducing revenue loss. Retail stores are transforming from traditional to modern, with more automation. Also, due to the growing number of consumers, the number of retail stores is also rising at a rapid pace, propelling the growth of the electronic article surveillance market (EAS) in this segment.

“Electronic article surveillance market for radio frequency to grow at the highest CAGR from 2019 to 2024.”

The RF technology triggers the alarm when an item is shoplifted; it helps exactly identify which item is being stolen. This knowledge enables the stolen item to be quickly identified and facilitates real-time shelf replenishment of merchandise, resulting in improved sales. Moreover, due to the advanced features such as ultra-wide detection distance, simple installation and operation, low false alarm rate, strong anti-interference ability, and high stability & durability, the market for electronic article surveillance systems based on RF technology is expected to grow at the highest CAGR during the forecast period.

“APAC to grow at highest CAGR in market during the forecast period.”

APAC witnesses robust growth of the electronic article surveillance market owing to the increasing adoption of EAS in apparel and fashion accessories, supermarket, and mass merchandise stores, among others, due to high shoplifting incidents and shrinkage rates. Moreover, due to the increasing number of supermarkets, hypermarkets, and convenience stores because of the high economic growth, rising consumerism, elevating standards of living, increasing disposable incomes, and changing lifestyles; this is expected to increase the demand for electronic article surveillance market systems in this region.

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3D Projector Market expected to reach $4.4 billion by 2024

According to the new market research report "3D Projector Market by Technology (DLP, LCD, LCoS), Light Source (Laser, Metal Halide, Hybrid, LED), Brightness, Resolution, Application (Cinema, Education, Business, Events & Large Venues, Home Theater & Gaming) and Region - Global Forecast to 2024", the 3D projector market is estimated to grow from USD 3.1 billion in 2019 to USD 4.4 billion by 2024, at a CAGR of 7.1%. The adoption of 3D projectors in cinema halls and digitization in the education sector are the major driving factors of the market. Increasing use of 3D projectors for large venues and events and growing trend of adoption of laser projectors provide an opportunity for the market growth.

Browse 64 market data Tables and 43 Figures spread through 140 Pages and in-depth TOC on "3D Projector Market"

Sony Corporation (Japan), Optoma (Taiwan), Seiko Epson Corporation (Japan), Barco (Belgium), Vivitek Corporation (Taiwan), Panasonic Corporation (Japan), BenQ Corporation (Taiwan), NEC Display Solutions (Japan), Christie Digital (US), Viewsonic (US), JVCKenwood Corporation (Japan), Digital Projection (UK), Wolf Cinema (US), Dukane (US), Acer Inc. (Taiwan), Boxlight (US), InFocus Corporation (US), Sim2 BV (Italy), Dell (US), and Canon Inc. (Japan) are among a few Major Players in the 3D projector market. 

DLP technology to hold major share of 3D projector market during forecast period

DLP technology is expected to lead the 3D projector market as manufacturers prefer the technology for their projectors as it is easy to maintain because it has a filter-free and sealed chip design. DLP projectors offer vivid, colorful, clear images with good contrast and high contrast ratio. An image projected is sharper because of the limited space between the pixels. Light loss is significantly reduced, and the light output is high due to the usage of mirrors, which project images without shadows. Hence, increasing preference for DLP technology in 3D projector market is likely to drive the growth of the market.

Cinema application to grow at highest CAGR during forecast period

An increasing number of cinema screens in various countries and rising adoption of digital and 3D screens are among the major factors affecting the growth of the market. Increasing demand for 3D movies from viewers provides an opportunity for the 3D projector market as 3D-enabled cinema projectors offer the audience the best immersive experience. Thus, increasing number of screens provide an opportunity for the growth of the said market. For instance, as per China’s film bureau data, the number of movie screens in Mainland China was more than 50,000 as of 2018, and 88% of the screens are 3D compatible.

 

3D projector market in APAC to grow at highest CAGR during forecast period

With a large number of players offering 3D projectors at low cost, the 3D projector market is likely to propel during the forecast period. 3D projectors are being increasingly adopted in education, cinema, home theater, and gaming applications, which, in turn, propels the growth of the market. For instance, in May 2018, Xgimi (China) launched XGIMI H2 that is full HD 3D projector at low cost for home theater application.

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UV Disinfection Equipment Market worth $5.3 billion by 2025

According to the research report, "UV Disinfection Equipment Market by Component (UV Lamps, Quartz Sleeves), Power Rating (Medium, High), Application (Water and Wastewater Disinfection, Process Water Disinfection), End-User (Residential, Municipal), and Region - Global Forecast to 2025" size is projected to grow from USD 2.9 billion in 2020 to USD 5.3 billion by 2025; it is expected to grow at a CAGR of 12.3% from 2020 to 2025. Key factors fuelling the growth of this market include increasing demand for UV disinfection equipment due to the threat of infectious diseases, and long life and lower power consumption of LED-based UV disinfection equipment.

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Browse 77 market data Tables and 41 Figures spread through 152 Pages and in-depth TOC on "UV Disinfection Equipment Market by Component (UV Lamps, Quartz Sleeves), Power Rating (Medium, High), Application (Water and Wastewater Disinfection, Process Water Disinfection), End-User (Residential, Municipal), and Region - Global Forecast to 2025"“The reactor chambers segment led the UV disinfection equipment market in 2019.”

In 2019, reactor chambers held the largest market share among components. The primary factor contributing to the dominance of this component is the price of reactor chambers. These components have a high cost due to their robustness and durability. Owing to this, reactor chambers can sustain for years without any leakage.

“Medium-power UV disinfection equipment projected to grow at the highest CAGR during the forecast period.”

The market for medium-power UV disinfection equipment is expected to grow at the highest CAGR during the forecast period. The primary factor contributing to this growth is the increasing adoption of UV LED-based disinfection equipment. UV LEDs offer a longer life compared with mercury-based UV lamps and are more robust and have lower power consumption. Owing to these capabilities, UV LEDs are being deployed in UV disinfection equipment that can treat the same amount of water as mercury-based high-power UV disinfection equipment with lower power consumption.

“The UV disinfection equipment market in Asia Pacific (APAC) projected to grow at the highest CAGR during the forecast period.”

The UV disinfection equipment industry in APAC is expected to grow at the highest CAGR during the forecast period. This growth is attributed to ongoing projects such as the Clean Ganga Project, which is worth around USD 1 billion. Moreover, the high adoption rate of UV technology in countries such as China, Japan, South Korea, and India, along with the increasing number of startups in the UV technology market in these countries, drives the UV disinfection equipment market in the region.

Xylem Inc. (US), Trojan Technologies (Canada), Halma plc (UK), Kuraray Co., Ltd. (Japan), Atlantic Ultraviolet Corporation (US), Evoqua Water Technologies LLC (US), Advanced UV, Inc. (US), American Ultraviolet (US), Atlantium Technologies Ltd. (Israel), Hoenle AG (Germany), and Lumalier Corporation (US), UVO3 Ltd (UK), LIT Company (Germany), Ozonia (US), Alfaa UV (India), UV Pure (Canada), ULTRAAQUA (Denmark), Australian Ultra Violet Services Pty. Ltd. (Australia), Aqualine II Water Systems (US), S.I.T.A. SLR, (Italy), Hitech Ultraviolet Pvt. Ltd. (India), Typhon Treatment Systems Ltd. (UK), Aquatic Solutions (India), Integrated Aqua Systems, Inc. (US), Aquanetto Group GmbH (Switzerland), and Nectar Solutions (India) are the key players in the global UV disinfection equipment market. These players are increasingly undertaking strategies such as partnerships, contracts, acquisitions, product launches, and expansions to increase their share in the market.

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Submarine Cable System Market worth $22.0 billion by 2025 growing with a CAGR of 11.1%

The report "Submarine Cable System Market by Application (Communication (Component, Offering (Installation & Commissioning, Upgrades)), Power (Type, Voltage, End User (Offshore Wind Power Generation, Offshore Oil & Gas), and Region - Global Forecast to 2025", is expected to grow from USD 13.0 billion in 2020 to USD 22.0 billion by 2025 at a CAGR of 11.1%. The growth of the submarine cable system industry can be attributed to the growing number of internet connections worldwide, a surge in bandwidth globally, an increasing number of new offshore wind capacity additions, and growing demand for inter-country & island connections.  Moreover, an increase in the investments for the deployment of high-capacity communication systems by over-the-top (OTT) players and increasing demand for high-voltage direct current (HVDC) submarine power cable are expected to create considerable growth opportunities for the development of the global submarine cable system sector.

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Browse 62 market data Tables and 28 Figures spread through 150 Pages and in-depth TOC on "Submarine Cable System Market by Application (Communication (Component, Offering (Installation & Commissioning, Upgrades)), Power (Type, Voltage, End User (Offshore Wind Power Generation, Offshore Oil & Gas), and Region - Global Forecast to 2025"

 

Major Players in the submarine power cable market include Prysmian (Italy), Nexans (France), and NKT (Denmark), and key players in the submarine communication cable market are Alcatel-Lucent (France), SubCom (Switzerland), and NEC Corporation (Japan), among others.

The wet plant products segment held a larger share of the submarine communication cable market during the forecast period.

The growth of the wet plant products segment can be attributed to an increase in the demand for cables, repeaters, and branching units for laying them on the ocean beds, unlike dry plant products such as SLTE, which can be upgraded according to the bandwidth requirements.

Offshore wind power generation to hold the largest size of the submarine power cable market during the forecast period

According to the Global Wind Energy Council (GWEC), the UK is the world’s largest offshore wind market and accounted for a share of ~34% of the global installed wind energy capacity in 2019. It was followed by Germany, which accounted for a share of ~28% of the total installed capacity in the same year. China accounted for a share of ~20% of the global offshore installed capacity of wind energy in 2019. Moreover, countries such as the UK, Germany, China, Japan, and Taiwan plan to invest significantly to expand and develop their regional offshore wind energy industry. These factors are expected to fuel the demand for submarine power cables for offshore wind power generation during the forecast period.

The single-core segment is projected to lead the submarine power cable market from 2020 to 2025

The growth of this segment can be attributed to the increased use of single-core cables as they are easy to deploy and are suitable for covering longer lengths than multicore cables. Moreover, upcoming extra-high voltage projects in APAC, Europe, and North America are expected to drive the growth of the single-core segment of the submarine power cable market during the forecast period.

Trans-Pacific submarine communication cable market to grow rapidly in the coming years

Submarine communication cable systems deployed in the Trans-Pacific region aim at not only enhancing the submarine system capacity along their respective routes but also focus on edging out the competition in terms of communication latency. These new systems provide increased route diversity— especially along the southern part of the region. According to the Information Technology and Innovation Foundation (ITIF) 2019 report, ~30% of the expected deployments of submarine communication cables in the Trans-Pacific region aim at increasing capacity and reducing latency among Asia, Australia, and the US from 2019 to 2021.

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Non-Destructive Testing and Inspection Market - Explores new Growth Opportunities worth $12.6 Billion

The "Non-Destructive Testing and Inspection Market by Technique (Visual Testing, Magnetic Particle, Liquid Penetrant, Eddy-Current, Ultrasonic, Radiographic, Acoustic Emission), Method, Service, Vertical, and Geography - Global Forecast to 2024", published by MarketsandMarkets^TM. The non-destructive testing and inspection market is estimated to grow from USD 8.3 billion in 2018 to USD 12.6 billion by 2024; it is expected to grow at a CAGR of 7.24% from 2018 to 2024. Stringent government regulations regarding public safety and product quality, and continuous advances in electronics, automation, and robotics are among a few major factors driving the growth of the NDT and inspection market. The high adoption of IoT devices and rising need to assess the health of aging assets also propel the growth of the NDT and inspection market.
      
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Stringent government regulations regarding public safety and product quality, and continuous advances in electronics, automation, and robotics are among a few major factors driving the growth of the NDT and inspection market. The high adoption of IoT devices and rising need to assess the health of aging assets also propel the growth of the NDT and inspection market.

The ultrasonic testing (UT) technique to hold the largest share of the non-destructive testing and inspection market in 2018

The market for the manufacturing vertical expected to grow at the highest CAGR during the forecast period

North America expected to hold the largest market share during the forecast period

North America is expected to hold the largest share of the overall NDT and inspection market by 2024. The rapid growth of automotive, power generation, oil & gas, and aerospace & defense industries in the region is the major reason for the growing adoption of NDT equipment and rising demand for related services in North America.

General Electric (US), Olympus Corporation (Japan), MISTRAS Group (US), Nikon Metrology (Belgium), and Ashtead Technology (Scotland), YXLON International (Germany), Sonatest (UK), Zetec, Inc. (US), T.D. Williamson Inc. (US), Bosello High Technology Srl (Italy), Eddyfi (Canada), and Magnaflux (US), Fischer Technology Inc. (US), Cygnus Instruments Ltd. (UK), NDT Global GmBH (Germany), Acuren (US), and LynX Inspection (Canada) are the key players in the market.
Sample Pages of Report : NDT Market

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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Interactive Display Market - Revenue growth worth $13.8 billion by 2024

According to the new market research report "Interactive Display Market by Product (Interactive Kiosk, Whiteboard, Table, Video Wall, Monitor, Flat Panel Display), Panel Size (17”– 32”, 32”– 65”, Above 65”), Vertical (Education, Govt. & Corporate), Technology, and Geography - Global Forecast to 2022", the market is expected to grow from USD 9.90 Billion in 2015 to reach USD 26.91 Billion by 2022, at a CAGR of 15.51% between 2016 and 2022.

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The major players operating in this market includes Samsung Display Co., Ltd. (South Korea), LG Display Co., Ltd. (South Korea), Panasonic Corporation (Japan), NEC Display Solutions Ltd. (Japan), Planar Systems Inc. (U.S.), Elo Touch Solutions Inc. (U.S.), Crystal Display Systems Ltd. (U.K.), and IntuiLab SA (France), among others.

Browse 103 market data tables and 62 figures spread through 179 pages and in-depth TOC on “Interactive Display Market - Global Forecast to 2022”

Increasing opportunities and highly dynamic nature of interactive displays, rising trend to adopt interactive displays in retail sector, and customer engagement with interactive displays have led to the rise in the demand for interactive displays. Also, increasing deployment of interactive flat-panel displays in educational institutes is driving the demand for interactive display market.

Education sector accounted for the largest share of the interactive display market in 2015

The interactive display systems market is led by the education vertical. The high demand for interactive flat panel displays and interactive whiteboards from educational institutes is one of the major factors driving the growth of the interactive display systems market for education vertical. The healthcare sector is estimated to grow at the highest rate between 2016 and 2022. Interactive displays are used in hospital premises as a wayfinding tool for the visitors. Interactive displays in the hospitals can showcase the information about the patients such as medical history, type of disease, type of treatment and the information related to the service provided by hospital.

The market for interactive flat panel displays is likely to grow at the highest rate during the forecast period

The market for the interactive flat-panel displays is expected to grow at the highest rate between 2016 and 2022 and is expected to hold the largest market size by 2022. Interactive flat panel display enables the user to interact with the content smoothly and easily. These displays help the students to understand the classroom content in easy way. In the U.S., older versions of interactive whiteboards are getting replaced with the interactive flat-panel displays as it offers more advanced feature than interactive whiteboards. This is the important driver for flat panel displays.

Americas held the largest market share in 2015

The Americas held the largest share of the interactive display market in 2015, followed by Europe and APAC. The U.S. accounted for the largest share of the interactive display systems market in the Americas. The region has some of the leading companies which offer advanced interactive displays in the market. Use of interactive whiteboards and flat-panel displays is done on a large scale in the Americas in education and government and corporate sector.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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