Artificial Intelligence in Cybersecurity Market worth $38.2 billion by 2026

 

The report "Artificial Intelligence in Cybersecurity Market by Offering (Hardware, Software, and Service), Deployment Type, Security Type, Technology (ML, NLP, and Context-Aware), Application (IAM, DLP, and UTM), End User, and Geography- Global Forecast to 2026", is projected to reach USD 38.2 billion by 2026 from USD 8.8 billion in 2019, at the highest CAGR of 23.3%. Major drivers for the market’s growth are growing adoption of IoT and increasing number of connected devices, rising instances of cyber threat, growing concerns of data protection, and increasing vulnerability of Wi-Fi networks to security threats. Furthermore, underlying opportunities for the AI in cybersecurity market include growing need for cloud-based security solutions among SMEs, and increased use of social media for business functions. Major restraints for the market are inability of AI to stop zero-day and advanced threats, and rise in insider cyber threats. Limited number of cybersecurity and AI professionals, and lack of interoperability with existing information systems pose major challenges to the AI in cybersecurity market.

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NVIDIA Corporation (US), Intel Corporation (US), Xilinx Inc. (US), Samsung Electronics Co., Ltd (South Korea), Micron Technology, Inc. (US), IBM Corporation (US), Amazon Web Services, Inc. (US), Darktrace (UK),  Cylance Inc. (US), Vectra AI, Inc. (US), ThreatMetrix Inc. (US), Securonix Inc. (US), Sift Science (US), Acalvio Technologies (US), SparkCognition Inc. (US), Palo Alto Networks Inc. (US), and Symantec Corporation (US) are a few major players in the AI in cybersecurity market

Browse 68 market data Tables and 46 Figures spread through 229 Pages and in-depth TOC on "Artificial Intelligence in Cybersecurity Market - Global Forecast to 2026"

Cloud-based deployment type for AI in cybersecurity to grow at higher CAGR during forecast period

Cloud deployment type is expected to grow at a higher rate during the forecast period. Several businesses have already moved a part of their operations to the cloud, which has led security vendors to develop cloud-based solutions as the data to be protected is on the cloud. Migrating to the cloud has benefits such as enhanced flexibility, control, and scalability. Cloud deployment significantly reduces the capital investment that is required to implement cybersecurity solutions; this is among the major reasons for the increased demand for cloud-based cybersecurity from most enterprises.

Automotive and transportation to hold largest size of AI in cybersecurity market during forecast period

Of all the types of end users, automotive and transportation to hold the largest market size of the AI in cybersecurity market during the forecast period. In the automotive industry, Big Data poses a significant problem with connected car becoming more of a gadget than a purely physical product, constantly synced and updated. It now produces huge amounts of data. Combining machine learning with Big Data analytics presents an opportunity to make sense of the huge volumes of valuable data collected from vehicles, servers, and smart mobility services. Using machine learning, patterns of “normal” behavior can serve as baselines to identify anomalies from cyber threats and policy violations to vehicle and driver irregular behaviors.

North America is major contributor for AI in cybersecurity and is expected to hold largest market size in next 5 years

North America is among the major contributors to the AI in cybersecurity market, and the US accounted for the largest share of the market in North America in 2018. The global AI in cybersecurity market is dominated by North America as the region is an early adopter of AI. North America is an early adopter of innovative technologies as banks, government agencies, and financial institutes in this region face ever-increasing challenges related to cyber threats. Therefore, advanced technologies are implemented to manage the cyber security landscape. Moreover, several cybersecurity vendors are based in this region, thereby contributing to the growth of the AI in cybersecurity market in North America.

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MobileHelp: A Wholly Integrated GPS-based Medical Alert Device

 

Medical alert systems - also referred to as personal emergency response systems (PERS) and fall detection buttons—provide a quick and simple way for elderly and senior citizens, those with medical issues, and people who live by themselves to get support during emergencies, whether it be for a medical issue, a fire, a fall, or any event that requires an immediate response. Medical alert systems are devices that immediately connect users to emergency help at the press of a button or—depending on the device - when a fall is detected. Recent medical alert systems are small in size and easy to use. These devices are often lightweight bracelets or pendants that blend in with clothing. As they are made for everyday use, medical alert bracelets or pendants are usually built to be shatter-proof and water-resistant.  

Other vendors of Medical Alert Systems include Philips Lifeline, Connect America, Valued Relationships (VRI), Guardian Alarm, Alertone Services, QMedic, BayAlarm, Lifefone, Medical Guardian LLC, ADT Corporation, GreatCall, Galaxy Medical Alert Systems, Bluelinea, Critical Signal Technologies, Rescue Alert, Better Alert, LifeStation, Response Now, and Vanguard Wireless. 

MobileHelp is North America’s leading provider of M-PERS technology. It is the maker and supplier of prominent products such as DUO, the first wholly integrated medical alert system with GPS technology; SOLO, an advanced alert solution for people without home landline telephones; and Classic Help, a traditional Medical Alert System. Its M-PERS devices are combined with a number of leading wireless voice, data, and GPS technologies to offer real-time medical monitoring services and location tracking for accelerated personal emergency help. It also offers MobileHelp Connect, an advanced event notification and online tracking tool for families and caregivers. The company has created a solid reputation in terms of high-quality and affordable solutions for personal protection and peace-of-mind—in or away from home. 

Key Features of MobileHelp 

Cellular base station: The MobileHelp cellular base station is comprised of emergency, reset, and test buttons. It also consists of a lighted display that shows date and ambient temperature. 

Landline-free protection: With MobileHelp cellular base station, a landline is not needed in order for users to be protected. Cellular coverage is offered by AT&T. 

MobileHelp Connect: With the online MobileHelp Connect service, specified caregivers can monitor and track the health and location of users. The standard package comprises non-emergency alerts, system status alerts, location tracking requests, and emergency alerts. 

Medical reminders: The MobileHelp Connect portal enables users to set medical reminders. This allows the cellular base station to give users friendly reminders for medication. 

Activity tracking via GPS technology: Users can monitor and track their activity levels for days, weeks, months, and even years through the activity tracking service. Authorized personnel other than the users themselves can also track the daily activities of the user. In case of any abnormal activity being detected, authorized personnel receive urgent notifications. 

Automated fall detection: MobileHelp offers fall detection through its fall button, which can be worn around the neck. The water-resistant button needs to be within 350 feet of the mobile device and within 600 feet of the Duo or classic cellular systems in order to work. 

MDLive Telemedicine: MobileHelp offers a new add-on feature at a cost-effective price. For just USD 9.95 per month, users can have Telemedicine consults through MDLive added to their MobileHelp plan. This enables them to consult with doctors about over 50 common medical issues through a mobile app, computer, or tablet. The monthly charge covers this service irrespective of whether or not a user has medical insurance. 

About 360Quadrants 

360Quadrants is the largest marketplace looking to disrupt USD 3.7 trillion of technology spends and is the only rating platform for vendors in the technology space. The platform provides users access to unbiased information that helps them make qualified business decisions. The platform facilitates deeper insight using direct engagement with 650+ industry experts and analysts and allows buyers to discuss their requirements with 7500 vendors. Companies get to win ideal new customers, customize their quadrants, decide key parameters, and position themselves strategically in a niche space, to be consumed by giants and start-ups alike. Experts get to grow their brand and increase their thought leadership. The platform targets the building of a social network that links industry experts with companies worldwide.  

360Quadrants will also be launching quadrants in fields like Video Surveillance Systems, Embedded Systems, and Virtual Machine Software. 

Contact: 
Mr. Agney Sugla 
agney@marketsandmarkets.com 
630 Dundee Road, Suite 430 
Northbrook, IL 60062 
USA: +1-888-600-6441 

 

Philips Lifeline vs. MobileHelp – Determine the Best Medical Alert System

 

Philips Lifeline 

Design & Major Features 

1. a)Design

Philips Lifeline HomeSafe system has four unique setups that include two base units and three help buttons in total. The systems are called HomeSafe Standard and HomeSafe with AutoAlert.  

The Standard system consists of two different base units, a landline and a cellular line, with corresponding help buttons that are also different. The AutoAlert Philips Lifeline HomeSafe medical alert system provides automatic fall detection. It uses the same base units as the Standard system but consists of one fall detection pendant for both. 

The landline base unit is a white, wedge-shaped device with remarkably positioned buttons. On the top right side, there is a big grey reset button, while the smaller red help button is located on the lower right side of the device.  

1. b)Feature Design

On the top left, there is a speaker; the microphone is placed on the bottom, and it also has power, reset, and help LED indicators. Additionally, there is a volume controller on the left side of the device. On the back, there is a prominent antenna, power & phone jacks, and a power switch. 

Overall, the base unit looks quite dated compared to the ultra-modern-looking cellular base unit, which looks similar to devices such as the Apple HomePod. Both systems offer a 32-hour backup battery and a 500-foot range.  

Philips Lifeline Fall Detection & Accessories 

1. a)Fall Detection

In addition to the AutoAlert feature present in Philips Lifeline’s automatic fall detection technology, users need to pay an extra charge of USD 15 per month as an add-on. This costs 50% of the basic landline subscription. 

Though it is more expensive than most in-home systems, Philips Lifeline fall detection technology is the most reliable in the market. But it should be noted that no system is 100% accurate. 

1. b)Monitoring and Lockboxes

Philips Lifeline provides affordable multiperson monitoring options. Though there is no charge for an additional Lifeline pendant, the monitoring charge is USD 10/month for the landline option and USD 12/month for the cellular option.  

Its lockbox is cost-effective and just requires a one-time payment of around USD 30. Additionally, it offers voice extension at an additional cost of USD 10/month and acts as a secondary communicator. 

1. c)GPS and Security

Philips Lifeline does not offer fire and smoke monitoring and does not have a check-in service either. It does not provide wall-mounted buttons but encourages customers to wear their water-resistant help buttons at all times, including in the shower.  

To avail of GPS technology, users must opt for either the Philips Lifeline GoSafe, which is a blend of in-home and mobile systems, or the GoSafe 2, which is a standalone mobile system. These add-ons are on the more expensive side.  

Know More :
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Monitoring Services 

1. a)Response Center

Lifeline’s emergency response center is the most skilled in the medical alert space. Its agents offer 24*7*365 support in 200 languages, which is quite impressive.  

1. b)Response Times

Response times are very quick, averaging around 35 seconds. The system provides excellent audio quality, and communication by support personnel is smooth and professional. 

Philips Lifeline Cost & Contracts 

1. a) Fees

The fee for the landline option is around USD 30/month, which is an average price for an in-home system. The AT&T cellular option is nearly USD 42 per month. It does not charge any device fees, and no long-term contracts are required; however, there is also no option to choose a more extended payment plan with a more affordable monthly fee. 

Installation process through a Philips technician costs around USD 100. There is also a one-time activation fee of around USD 50.  

1. b) Cancellation and Returns

It offers returns within 30 days of purchase only if the device has not been activated and used. The equipment must be returned in an unused, ‘like new’ condition, with the manual and all the original packaging and accessories. Else, a cancellation fee of up to USD 50 may be charged. 

1. c) Setup and Installation

Philips Lifeline comes with a user manual that explains the simple setup process. Users can also refer to the voice-guided instructions from the base unit that will explain what needs to be done as soon as the power is plugged in and the phone line is turned on.  

Overall Summary 

Lifeline is one of the pioneers in the medical alert systems segment in the US. Being a super-reliable service provider, its products & services are on the more expensive side—the monthly subscription for this popular brand’s setup is steeper than that of its competitors.  

For instance, opting for automatic fall detection increases the monthly costs by up to 50%. Also, there are activation and cancellation fees that other companies generally do not charge. However, as projected, its premium equipment and professional services performed great during our tests for the Philips Lifeline HomeSafe review. 

MobileHelp 

Design & Major Features 

1. a) Design

MobileHelp Classic base unit has a very distinctive look. The white device provides huge buttons that glow all the time. This makes it unmissable and easy to find, even in the dark. However, they cannot be turned off or dimmed. 

The MobileHelp Classic device has three buttons, of which the largest is the red emergency button placed on the left, while on the right, it has a smaller blue reset button. It also has a small test button in the middle, which enables users to test the equipment without calling the response center. All the buttons are surrounded by an LCD panel that displays the time and date, room temperature, cellular signal, and battery levels.  

1. b) Feature Design

It has a choice of a help buttons in a white neck pendant or a black or white wristband. All of them are water-resistant and suitable for use in the shower. It has a discreet grey help button and an LED indicator.  

MobileHelp Classic has a high ring distance of 1400 feet, which is pretty good. The cellular base unit can be moved in and around the house to get a longer range. 

MobileHelp Fall Detection & Accessories 

1. a) Fall Detectionand Tracking

The addition of the MobileHelp fall button enables automatic fall detection and costs around USD 10/month. This also enables user activity tracking.  

Moreover, regular help and wall-mounted buttons are just USD 2/month. Therefore, multiperson monitoring is also cost-effective. 

Monitoring Services 

1. a) Response Times

MobileHelp has a satisfactory response time. Generally, the live agents take up to 40 seconds to pick up—response times averaged at around 35 seconds.  

Communication with the help agents is very professional and they are pleasant to talk to, even after numerous test calls. 

MobileHelp Cost & Contracts 

1. a) Fees

MobileHelp does not charge a device fee for the Classic; however, there is an activation fee of about USD 50. The monitoring service costs around USD 20/month. By selecting the quarterly, semi-annual, or annual payment plans, a user can save USD 33, USD 30, or USD 60, respectively. All these plans offer free medication reminders and free ground shipping, while the annual plan also offers a free 13th month of service. 

1. c) Setup and Installation

As it is a cellular system, only the base unit needs to be plugged into a power outlet, and it will be ready to go! After running a test call, MobileHelp Connect can be set up—this is a set of online tools designed to help users and authorized caregivers, who can actively participate in the health and well-being of a user.  

Overall Summary 

Based on numerous MobileHelp reviews, it is found to offer a great medical alert system. MobileHelp Classic has the cellular option by default, permitting users to carry the system anywhere they go. The base unit has big, illuminated buttons and two-way communication with the 24*7 excellent response center. 

The major advantages of MobileHelp Classic, such as inexpensive add-ons such as multiperson monitoring and a GPS system, overshadow the cons. After a thorough examination of each feature, MobileHelp Classic is recommended for users looking for an affordable alert system. 

About 360Quadrants 

360Quadrants is the largest marketplace looking to disrupt USD 3.7 trillion of technology spends and is the only rating platform for vendors in the technology space. The platform provides users access to unbiased information that helps them make qualified business decisions. The platform facilitates deeper insight using direct engagement with 650+ industry experts and analysts and allows buyers to discuss their requirements with 7500 vendors. Companies get to win ideal new customers, customize their quadrants, decide key parameters, and position themselves strategically in a niche space, to be consumed by giants and start-ups alike. Experts get to grow their brand and increase their thought leadership. The platform targets the building of a social network that links industry experts with companies worldwide.  

360Quadrants will also be launching quadrants in fields like Project management software, Embedded Systems, and Virtual Machine Software. 

Contact: 
Mr. Agney Sugla 
agney@marketsandmarkets.com 
630 Dundee Road, Suite 430 
Northbrook, IL 60062 
USA: +1-888-600-6441

Interactive Display Market worth $13.2 billion by 2025

 

The report "Interactive Display Market with COVID-19 Impact Analysis, by Product (Interactive Kiosk, Whiteboard, Table, Video Wall, Monitor), Technology (LCD, LED, OLED), Panel Size, Panel Type, Vertical, and Geography - Global Forecast to 2025", is expected to grow from USD 9.0 billion in 2020 to USD 13.2 billion by 2025, at a CAGR of 8.1%. The market growth can be attributed to several factors, such as growing demand for gamification and digital classrooms, growing adoption of interactive displays in retail sector, declining price of displays, easy availability of interactive products, and increased end-user engagement by using interactive displays for various applications—such as learning, presentations, signage, wayfinding, and ticketing.

• Informational PDF Brochure :- 
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Some of the key companies operating in the market are Samsung Electronics (South Korea), LG Display (South Korea), NEC Corporation (Japan), Panasonic Corporation (Japan), Leyard Optoelectronic (Planar) (China), Sharp (Foxconn) (Japan), Elo Touch Solutions (US), Crystal Display Systems (UK), ViewSonic (US), Horizon Display (US), and so on.

Browse 141 market data Tables and 68 Figures spread through 202 Pages and in-depth TOC on "Interactive Display Market with COVID-19 Impact Analysis - Global Forecast to 2025"

Interactive whiteboard held the largest share of the interactive display market in 2019

The advent of interactive learning and advancements in teaching methodologies drive the growth of the market for interactive whiteboards. Due to rapid advancements in technology, companies focus on innovation to provide variety and additional features in products. Researchers associated with different companies are focusing on integrating new technologies in conventional interactive white board to make them user-friendly and interactive. Artificial Intelligence (AI) is one such technology, which provides huge opportunities for the interactive whiteboard market to grow.

32–65” held the largest share of the interactive display market in 2019

Interactive displays with screen sizes between 32 inches and 65 inches are mainly used in the healthcare and hospitality sectors. Besides, these screens are also used in restaurants as menu boards to indicate prices, ingredients, and waiting time of the orders taken from customers. In the healthcare sector, many interactive healthcare smart displays are specially designed for the hospital environment.

Flat panel type to dominate the interactive display market during the forecast period

The interactive display market is currently dominated by the flat panel displays only. The other 2 panel types are in a very nascent stage in the interactive ecosystem, as of now, and are expected to grow at a high rate during the forecast period. Going forward, transparent displays are expected to be used more in interactive tables, kiosks, and monitors.

North America is leading the market for interactive display in 2019

North America is the leading region in terms of market size related to interactive display applications. The interactive display market is estimated to grow significantly over the next few years in North America. In the current market scenario, the US dominates the interactive display market in North America. Mexico is expected to rapidly adopt interactive displays in the near future. Therefore, the interactive display market is expected to have potential opportunities in North America.

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.

Contact:
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MarketsandMarkets™ INC.
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USA : 1-888-600-6441

 

European Smart Home Market worth $39.6 billion by 2025

 

According to the new research report, the "European Smart Home Market with COVID-19 Impact Analysis by Product (Lighting Control, Security & Access Control, HVAC Control, Home Healthcare), Software & Services (Proactive, Behavioural), and Region - Global Forecast to 2025", size is expected to grow from USD 23.2  billion in 2020 to USD 39.6  billion by 2025, at a CAGR of 11.3%. The growth of the market is driven by many factors, such as an increasing number of internet users, increasing disposable income of people in developing economies, the rising importance of home monitoring in remote locations, and the growing need for energy-saving & low carbon emission-oriented solutions. Moreover, the rapid proliferation of smartphones & smart gadgets, expansion of smart home product portfolio by a large number of players, growing concern about safety, security, and convenience among the general population will fuel the demand for smart home solutions.

• Informational PDF Brochure :- 
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The smart home market is currently dominated by Johnson Controls International (Ireland), United Technologies Corporation (US), Schneider Electric (France), Honeywell International, Inc. (US), and Siemens AG (Germany).

Other players operating in the smart home market are Amazon, Inc. (US), Apple Inc. (US), Google (US), ADT (US), Robert Bosch Gmbh (Germany), ASSA ABLOY (Sweden), ABB Ltd. (Switzerland), Ingersoll-Rand PLC (Ireland), ABB (Switzerland), Legrand S.A. (France), GE (US), Comcast Corp. (US), Hubbell Inc. (US), Samsung Electronics Co., Ltd. (South Korea), LG Electronics (South Korea), Sony (Japan), Control4 Corp. (US), Lutron Electronics Co. Inc. (US), Vivint (US), and Axis Communication AB (Sweden), among others. Almost all companies, including key players, have adopted a few major strategies such as product developments and launches, mergers and acquisitions, and partnerships and collaborations to grow in the smart home market.

Browse 150 market data Tables and 57 Figures spread through 245 Pages and in-depth TOC on "European Smart Home Market with COVID-19 Impact Analysis - Global Forecast to 2025"

The smart speakers market is likely to grow at a high rate during the forecast period.”

The growth of the smart speaker market is driven primarily by the increasing adoption of smart homes, high disposable income, the popular trend of personalization, and the rapid proliferation of multifunctional devices. Factors such as increasing focus of companies on enhancing customer experience and consumer preference for technologically advanced products over traditional products are expected to provide opportunities to smart speaker providers.  Further, recent developments in artificial intelligence (AI) and natural language processing (NLP) to enhance voice recognition capabilities have increased the overall demand for smart speakers in smart homes.

“The proactive type software and services segment to grow at a higher rate during the forecast period.”

Proactive type software and services facilitate the transmission of data, along with the best possible solutions, to end-users for actions to be taken after receiving the information. The proactive type enables the transfer of a larger volume of data than the behavioral type; it can provide inputs to end-users regarding effective energy usage and required actions on the physical parameters to reduce energy consumption.

A smart home incorporates open system technologies from both the automation & control and information technology industries. Protocols and standards integrate all home equipment by organizing the information and increasing convenience for the consumers. Various protocols such as DALI, DMX, LonWorks, KNX, Black Box, Ethernet, NEMA, Modbus, power-line communication, and BACnet are used in smart home applications to ensure communication between the systems and to share the data for proper control. Smart home applications that involve operations over longer distances can benefit from network technologies such as GSM, CDMA, or LTE networks. These technologies are ideal for sensor-based, low-bandwidth applications.

“The European smart home market is expected to grow at a significant rate during the forecast period.”

The drive for “green city” projects brings more energy efficiency in most EU countries. This has created a market opportunity for the manufacturers of energy-efficient smart lighting solutions. Europe would probably be the leading adopter of LED solutions. An increase in construction activities, followed by a growth in new installations of lighting fixtures and dimmers, drives the smart lighting market in this region. Moreover, some consumers and professional lighting companies are switching to LEDs. All these factors have substantially contributed to boosting the demand for smart homes in Europe.

The European smart home market size is expected to grow from USD 23.2 billion in 2020 to USD 39.6  billion by 2025, at a CAGR of 11.3% during the forecast period. The growth of the market is driven by various factors, such as the increasing number of internet users, the growing adoption of smart devices, and the rising disposable income of people in developing economies. Moreover, ever-increasing importance of home monitoring in remote locations, growing need for energy-saving & low carbon emission-oriented solutions, the rapid proliferation of smartphones & smart gadgets, expansion of smart home product portfolio by a large number of players, growing concern about safety, security, and convenience among the general population will augment market growth.

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.

Contact:
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MarketsandMarkets™ INC.
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Cryocooler Market worth 2.99 Billion USD by 2022

 

The report "Cryocooler Market by Type (GM, PT, JT, Stirling, and Brayton Cryocoolers), Services (Technical Support, Repair, Preventive Maintenance), Heat Exchanger Type (Recuperative and Regenerative), Application, and Geography - Global Forecast to 2022", The global cryocooler market is projected to reach USD 2.99 Billion by 2022, at a CAGR of 7.00% between 2017 and 2022. The major factors driving the growth of this market include the shortage of helium gas, growing medical & healthcare services in the developing economies, growing production of liquefied natural gas, and increasing adoption of cryocoolers in the semiconductor industry.

• Informational PDF Brochure :- 
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=247727537

The major players in the cryocooler market are Sumitomo Heavy Industries Ltd. (Japan), Chart Industries, Inc. (U.S.), Brooks Automation, Inc. (U.S.), Sunpower, Inc. (U.S.), Cryomech, Inc. (U.S.), Northrop Grumman Corporation (U.S.), Advanced Research Systems, Inc. (U.S.), DH Industries BV (The Netherlands), Janis Research Company, LLC (U.S.), RICOR – Cryogenic & Vacuum Systems (Israel), Superconductor Technologies, Inc. (U.S.), and Air Liquide S.A. (France).

Browse 70 market data tables and 71 figures spread through 179 pages and in-depth TOC on "Cryocooler Market - Global Forecast to 2022"

The military application in the cryocooler market held the largest share in 2016.

The cryocooler market is application driven. This market has been segmented on the basis of application into military, medical, commercial, environmental, energy & power, transport, mining and metal, research & development, space, agriculture & biology, and others. The military application accounted for the largest share in 2016. This market is expected to grow at a significant rate between 2017 and 2022, driven by the growing adoption of various cryocoolers to provide cryogenic temperatures for IR sensors in missile guidance, night vison based systems, and satellite-based surveillance.

The market for Stirling cryocoolers is expected to grow at the highest rate between 2017 and 2022.

The cryocooler market based on type is segmented into GM, PT, Stirling, JT, and Brayton cryocoolers. Among these cryocoolers, the market for Stirling cryocoolers is expected to witness the highest growth during the forecast period. The key factors contributing to the growth of this market include the increasing adoption of these cryocoolers in a wide range of applications such as military, medical, commercial, research and development, and space. Also, due to the increased spending by developing nations such as China, India, Malaysia, and Thailand on the military, medical, and semiconductor manufacturing sectors, the demand for these cryocoolers is expected to rise during the forecast period.

The Americas held the largest share of the cryocooler market in 2016

The cryocooler market in the Americas held the largest share of the global cryocooler market in 2016, followed by the markets in Europe and APAC. The growth of the cryocooler market in the Americas is mainly driven by factors such as the established military industry and the growing importance of the use of cryocoolers in medical cryosurgery and proton therapy. Also, the rising installation of the cryogenic technology in aircraft carriers is driving the growth of the cryocooler market in the Americas. North America holds the major share of the cryocooler market in the Americas.

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.

Contact:
Mr. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
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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 fueling 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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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.

Browse 77 market data Tables and 41 Figures spread through 152 Pages and in-depth TOC on "UV Disinfection Equipment Market - 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.

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