Interactive Kiosk Market expected to reach $32.8 billion by 2025

 

The report "Interactive Kiosk Market by Offering (Hardware and Software & Services), Type (Bank Kiosks, Self-service Kiosks, and Vending Kiosks), Location (Indoor and Outdoor), Panel Size (17”-32” and Above 32”), Vertical, and Region - Global Forecast to 2025", is expected to grow from USD 26.2 billion in 2020 to USD 32.8 billion by 2025, at a CAGR of 4.6%. The growth of this market is driven by factors such as enhanced shopping experience for customers, lower investment costs than traditional outlets, enhanced applications other than conventional ones, and innovations in touch screen display and glass technology.

• Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=221409707

Browse 103 market data Tables and 51 Figures spread through 150 Pages and in-depth TOC on "Interactive Kiosk Market - Global Forecast to 2025"

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/interactive-kiosks-market-221409707.html

Interactive kiosk market for bank kiosks expected to grow at the highest CAGR during the forecast period

Interactive kiosks are largely used for banking and financial services. The market for bank kiosks is expected to register the highest CAGR during the forecast period. The bank kiosks, through their ability to perform different functions, provide more convenient, flexible, high-performance, point-of-interaction solutions to consumers for their banking activities. The customers can complete standard transactions and get remote assistance for complex transactions through these kiosks.

Panel size above 32” is expected to grow at higher CAGR from 2020 to 2025

The market for above 32” interactive kiosks are expected to grow at a higher CAGR from 2020 to 2025. These large-sized displays are very expensive. Hence, they are primarily used in some niche applications. However, improved product performance and reduced cost are expected to open up new application areas for these displays in the corporate, educational, hospitality, and retail sectors during the forecast period.

APAC expected to grow at highest CAGR during forecast period

The interactive kiosk market is rapidly expanding in APAC. The growth of the market in APAC can also be attributed to the advancements in technology and emergence of new business models. The booming retail sector and emerging infrastructures in the region would further facilitate the growth of the kiosks in the APAC region. The growing popularity of kiosk products, large potential customer base, and technological advancements taking place in countries such as India and China are the factors contributing to the growth of the interactive kiosk market in APAC.

Some of the major players operating in the interactive kiosk market are KIOSK Information Systems (US), Olea Kiosks Inc. (US), Frank Mayer and Associates, Inc. (US), Source Technologies (US), NCR Corporation (US), Diebold Nixdorf (US), Embross (Canada), Meridian Kiosks (US), REDYREF Interactive Kiosks (US), lilitab, LLC (US).

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.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Die Bonder Equipment Market expected to reach $972 million by 2024

 

According to the research report, "Die Bonder Equipment Market by Type (Semiautomatic Die Bonder, Fully Automatic Die Bonder), Bonding Technique, Supply Chain Participant (IDM Firms, OSAT Companies), Device, Application (Consumer Electronics), and Region - Global Forecast to 2024", is projected to grow from USD 820 million in 2019 to USD 972 million by 2024; it is expected to grow at a CAGR of 3.5% from 2019 to 2024. Key factors fueling the growth of this market are the rising demand for miniature electronic components and the increasing adoption of stacked die technology in IoT devices.

• Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=170792419
Browse 110 market data Tables and 61 Figures spread through 161 Pages and in-depth TOC on "Die Bonder Equipment Market - Global Forecast to 2024"

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/die-bonder-equipment-market-170792419.html

“IDM firms accounted for largest share of die bonder equipment market in 2019”

In 2018, IDM firms captured the largest share of the die bonder equipment industry. Most of the IDM players such as Samsung (South Korea), Texas Instruments (US), Song (Japan), and STMicroelectronics (Switzerland) are tire 1 companies and have significant presence across the world, with a vast customer base. These companies are investing heavily in their R&D activities to develop technologically advanced, energy-efficient, and miniaturized products, such as RFID circuits, smart ICs, ultra-low-power microcontrollers, sensors for consumer electronics, automotive, and industrial applications. For instance, in 2018, Texas Instruments (US) and Samsung (South Korea) invested USD 1.6 billion and USD 16.8 billion, respectively, in research and development of technologically advanced and miniaturized products. IDMs use advanced die bonding equipment to accurately assemble complicated semiconductor equipment. Also, the dominance of IDM firms is expected to remain constant in the near future due to the growing number of semiconductor fabrication plants operated by IDM companies across the world.

“Market for MEMS and MOEMS is projected to grow at highest CAGR during forecast period”

Among devices, market for MEMS and MOEMS is projected to grow at the highest CAGR from 2019 to 2024. MEMS and MOEMS devices are increasingly being used in the automotive, consumer electronics, and industrial sectors. These devices need to be used in harsh environmental conditions. Therefore, the packaging and assembly of these devices should be strong enough to operate in harsh environmental conditions. This demand can be fulfilled by advanced die bonding methods and equipment. Hence, the market for MEMS and MOEMS is expected to grow at the highest CAGR during the forecast period.

“Asia Pacific (APAC) is expected to hold largest share of die bonder equipment market in 2024”

APAC is expected to hold the largest share of the die bonder equipment industry in 2024. The growing number of IDMs in the region is expected to boost the die bonder equipment market growth in the near future. Similarly, the mass production of electronic products, such as smartphones, wearables, and white goods, in China and Taiwan is also expected to accelerate market growth in APAC. Additionally, more than 60% of OSAT players present across the world have their headquarters in APAC. These OSAT companies use die bonding equipment in the semiconductor fabrication process.

BE Semiconductor Industries N.V. (Netherlands), ASM Pacific Technology Ltd. (Singapore), Kulicke & Soffa (Singapore), Mycronic AB (Sweden), Palomar Technologies, Inc. (US), West·Bond, Inc. (US), MicroAssembly Technologies, Ltd. (Israel), Finetech GmbH & Co. KG (Germany), Dr. Tresky AG (Switzerland), Smart Equipment Technology (France) are the key players in the die bonder equipment market. These players are increasingly undertaking strategies such as product launches, expansions, agreements, partnerships, collaborations, and acquisitions to increase their market share.

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.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Focused Ion Beam Market worth $1,185 million by 2024

 

According to the research report "Focused Ion Beam Market by Ion Source (Ga+ Liquid Metal, Plasma), Application (Failure Analysis, Nanofabrication), Vertical (Electronics & Semiconductor, Industrial Science, Material Science, Bioscience), and Region - Global Forecast to 2024", is projected to grow from USD 820 million in 2019 to USD 1,185 million by 2024; it is expected to grow at a CAGR of 7.6% from 2019 to 2024. Key factors fueling the growth of this market include the rise in demand for failure analysis in the electronics & semiconductor industry and increase in demand for ion beam lithography process using focused ion beam systems for producing patterns across the surface of samples.

• Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=20057108

Browse 103 market data Tables and 50 Figures spread through 158 Pages and in-depth TOC on "Focused Ion Beam Market - Global Forecast to 2024"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/focused-ion-beam-market-20057108.html

“The Ga+ liquid metal segment accounted for the largest share of the focused ion beam market in 2019.”

In 2019, the Ga+ liquid metal segment captured the largest share of the focused ion beam market. The growth of this segment can be attributed to several advantages offered by focused ion beam systems using Ga+ liquid metal as an ion source. Moreover, the majority of manufacturers of focused ion beam systems are deploying Ga+ liquid metal ion sources in their systems. Several applications such as ion implanters, ion projection lithography, and particle accelerator injectors use plasma ion source-based focused ion beam systems.

“The failure analysis segment of the market is projected to grow at the highest CAGR during the forecast period.”

Among applications, the failure analysis segment of the focused ion beam market is projected to grow at the highest CAGR from 2019 to 2024. The growth of the failure analysis segment of the market can be attributed to the increased use of focused ion beam systems for carrying out the failure analysis of components or devices to recognize the cause leading to their failure during their manufacturing process. Manufacturers use focused ion beam systems to test and analyze the performance of different components or devices, thereby leading to an increased demand for these systems from the electronics & semiconductor vertical.

“The electronics & semiconductor segment of the focused ion beam market is projected to account for the largest size from 2019 to 2024.”

Among verticals, the electronics & semiconductor segment accounted for the largest share of the focused ion beam market in 2019. The growth of this segment can be attributed to the increasing consumer demand for fast, compact, pocket-friendly, and highly power-efficient portable devices. As the size of electronic components shrinks, it affects their reliability and performance. Focused ion beam systems are required to analyze the performance of these components.

“The focused ion beam market in APAC is projected to grow at the highest CAGR during the forecast period.”

The focused ion beam market in APAC is projected to grow at the highest CAGR from 2019 to 2024. The growth of the market in this region can be attributed to increased investments in R&D activities by government organizations and manufacturing companies as well as expansions of research centers carried out by focused ion beam system manufacturers in APAC. Governments of countries such as Japan, China, and India have been taking rapid initiatives to encourage companies to set up their manufacturing and R&D facilities there.

Key players in the market include Thermo Fisher Scientific, Inc. (US), Hitachi High-Technologies Corporation (Japan), ZEISS International (Germany), Tescan (UK), JEOL Ltd. (Japan), HORIBA, Ltd. (Japan), Eurofins Scientific (Luxembourg), and A&D Company, Limited (Japan). These players are increasingly undertaking product launches, agreements, partnerships, collaborations, joint ventures, and mergers and acquisitions to increase their market shares.

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.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Atomic Force Microscopy (AFM) Market worth $586 million by 2024

 

The report "Atomic Force Microscopy (AFM) Market by Offering (AFM, Probes, Software), Grade (Industrial Grade, Research Grade), Applications (Materials Science, Life Sciences, Semiconductor & Electronics, Academics), and Region - Global Forecast to 2024",was valued at USD 441 million in 2019 and is projected to reach USD 586 million by 2024; it is expected to grow at a CAGR of 5.8% during the forecast period. The key drivers of atomic force microscopy is committed support from several governments to promote  nanotechnology and nanoscience research and development. Also, high demand for 3D ICs from semiconductor and electronics industry is is expected to lay new growth opportunity for atomic force microscopy market during the forecast period.

• Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=57704156

Browse 107 market data Tables and 32 Figures spread through 161 Pages and in-depth TOC on "Atomic Force Microscopy Market - Global Forecast to 2024"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/atomic-force-microscopy-market-57704156.html

Probes offering for Atomic Force Microscopy held the fastest market share in 2019

The market for probes is expected to grow at the highest CAGR. Probes play a dominant role in the AFM market, in terms of volume, as the lifecycle of probes is shorter than the complete atomic force microscope, thereby leading to a higher requirement for probes than AFM.

Industial grade to hold the largest market share in Atomic Force Microscopy market during the forecast year

The demand for indusrial grade microscopes is propelled by high-quality images to detect defects in miniaturized products. Hence, industrial grade AFM are more in demand owing to their high precision in detecting and visualizing even the smallest surface structures and defects in nanomaterials.

Semiconductors and electronics to hold the fastest market share in Atomic Force Microscopy market during the forecasted year

Semiconductors and electronics is expected to grow at the highest rate. The semiconductor industry is one of the major industries using advanced microscopes such as transmission electron microscopes, atomic force microscopes, 3D optical microscopes, and confocal microscopes. AFM is used extensively in the semiconductor industry for R&D, quality control (QC), monitoring process development, and failure analysis. The growing demand for miniature transistor chips, nanoelectronics, quantum dots, and optoelectronics is the key factor surging the demand for microscopes in the semiconductor industry

APAC hold the largest market share between 2019 and 2024

The growth of the atomic force microscopy in APAC market can be attributed to the growing R&D funding for the development of microscopes, increasing nanotechnology research, and growing expertise and academic excellence, along with the availability of nanomaterials at lower costs.

The major players in Atomic Force Microscopy market are Bruker (US), Park Systems (South Korea), Hitachi (Japan), Horiba (Japan), Oxforfd Instrumenst (UK), Nanosurf (Switzerland), WITec (Germany), NT-MDT (Russia), NanoMagnetics Instruments (UK), Nanonics Imaging (Israel).

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.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Blockchain in Manufacturing Market worth $566.2 million by 2025

 According to the new market research report "Blockchain in Manufacturing Market by Application (Business Process Optimization, Logistics and Supply Chain Management, Counterfeit Management), End Use (Automotive, Energy & Power, Industrial, Pharmaceuticals), and Region - Global Forecast to 2025", the blockchain in manufacturing market is expected to be worth USD 30.0 million by 2020 and USD 566.2 million by 2025, growing at a CAGR of 80.0% from 2020 to 2025. The key factors driving the growth of this market include blockchain-as-a-Service (BaaS) solutions for enterprises; simplifying business processes and affording transparency and immutability; significant increase in venture capital investments and initial coin offerings (ICO); increasing demand for real-time data analyses, enhanced visibility, and proactive maintenance; increased emphasis on energy efficiency and cost of production; convergence of operational technology (OT) and information technology (IT); AI, IoT, blockchain and the future of manufacturing industry; and increase in global blockchain-related patent filings.

• Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=198218761

Browse 36 market data Tables and 43 Figures spread through 161 Pages and in-depth TOC on "Blockchain in Manufacturing Market - Global Forecast to 2025"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/blockchain-in-manufacturing-market-198218761.html           

Logistics and supply chain management applications are expected to account for the largest market share as well as the highest CAGR during the forecast period. With blockchain, intermediaries can be taken out of the equation to streamline the flow of supply chain operations; it also allows all transaction data across networks to be synchronized, enabling participants validate each other’s work. In 2017, IBM and Maersk tested the application of blockchain in logistics. In a proof-of-concept, the 2 companies demonstrated how blockchain can be used to track on-transit containers, and how supply chain stakeholders can benefit from accessing relevant actionable information.

Energy & Power to account for largest share of blockchain in manufacturing market by 2020

Energy & power sector is expected to account for the largest share of the overall blockchain in manufacturing market during the forecast period. Increasing global energy demand encourages companies operating in the energy & power industry to adopt blockchain solutions that can help them enhance production with minimum maintenance and reduced downtime. LO3 Energy has developed Exergy, a permissioned data platform that creates localized energy marketplaces for transacting energy across existing grid infrastructure. Electron is a London-based start-up harnessing the blockchain technology to design more efficient, resilient, and flexible systems for the energy industry. The company designs platforms and services that empower the industry to address challenges and maximize the potential of new technologies such as distributed renewable generation and storage, smart grid, and connected devices.

North America is expected to hold largest share of blockchain in manufacturing market from 2020 to 2025

North America is expected to hold the largest share of the global blockchain in manufacturing market, wherein the US and Canada are expected to witness a significant adoption of blockchain in manufacturing services. These countries have sustainable and well-established economies, which allow them to strongly invest in R&D activities, thereby contributing to the development of new technologies. Due to the early adoption of trending technologies, such as IoT, big data, DevOps, and mobility, manufacturers are keen to integrate blockchain technologies into their processes. The startup culture in North America is growing at a faster pace as compared to other regions. The advent of SMEs and increasing digitalization in manufacturing have also aided the growth of the North American market.

A large number of blockchain solution providers including Storj Labs Inc. (US); Cloud Technology Partners, Inc. (US); NVIDIA Corporation (US); Chronicled (US); LO3 Energy (US); Filament (US); Shipchain (US); Microsoft Corporation (US); Advanced Micro Devices, Inc. (US); International Business Machines Corporation (US); Intel Corporation (US); Oracle Corporation (US); Factom (US); Amazon.com, Inc. (US); and Blockchain Foundry Inc. (Canada)—are based in North America. This region is one of the largest contributors to the growth of the global blockchain in manufacturing market.

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.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Automatic tube cleaning system Market worth $130.5 million by 2023

 According to the new market research report "Automatic Tube Cleaning System Market by Type (Ball, and Brush), Industry (Power Generation, Oil & Gas, Commercial Space, Hospitality), and Region (North America, Europe, Asia Pacific, and Rest of the World) - Global Forecast to 2023", The automatic tube cleaning system market is estimated to grow from USD 104.6 million in 2018 to USD 130.5 million by 2023, at a CAGR of 4.53% between 2018 and 2023. The key driving factor for the growth of the automatic tube cleaning system market is the improvement in operational efficiency of HVAC systems due to automatic tube cleaning system installation. Offices, hospitals, hotels, living spaces, and airports are a few major energy consuming sectors of HVAC systems that are installed to improve ambient comfort levels and environmental quality. Shell and tube condensers, as well as heat exchangers, play a vital role in power generation, oil refining, industrial processing, and HVAC comfort cooling. Different types of fouling appear in the air-conditioning system, namely, particulate fouling, scaling, corrosion, and biofouling. All of these foulants, owing to localized corrosion, reduce the heat transfer efficiency of heat exchangers, thereby leading to early equipment failure. Hence, automatic tube cleaning systems are installed to avoid fouling and improve efficiency.

• Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=151822184

Browse 32 market data Tables and 26 Figures spread through 84 Pages and in-depth TOC on "Automatic Tube Cleaning System Market - Global Forecast to 2023"
https://www.marketsandmarkets.com/Market-Reports/automatic-tube-cleaning-system-market-151822184.html

Ball type automatic tube cleaning system is expected to hold larger market share during 2018–2023

Ball-type automatic tube cleaning systems are ideal for large heat exchangers in oil & gas plants, power plants, desalinization plants, and petrochemical and refining plants. Fouling can be harmful to the equipment and can decrease the efficiency of heat exchangers. Unlike the brush-type tube cleaning system, ball-type is an inline cleaning system, which means that there is no need to shut down the plant for periodic cleaning of heat exchanger tubes or interrupt the plant operation.

Power generation industry is expected to grow at highest CAGR owing to extensive use in maintaining the efficiency of the heat exchangers used in the power generation industry

In the power plant, water-based cooling systems necessarily suffer from fouling of heat exchanger surfaces. This leads to a reduction in efficiency, which, in turn, increases energy use, emission of CO2 and NOx, and operating costs. Thus, fouling reduces chiller heat transfer efficiency and increases energy consumption in the power plant, which can lead to a dramatic loss in unit output, unit availability, and revenue. Hence, automatic tube cleaning systems are installed to enable power plants to generate electricity at maximum efficiency by removing suspended solids automatically and continuously

APAC is expected to hold largest market size, owing to growing need for energy saving and improving operational efficiency in various industries drives the market for automatic tube cleaning systems in APAC.

China and India are among the major countries in APAC having a significant number of coal-fired power plants. Easy availability of coal makes thermal power a preferred source of electricity generation. Increasing population and rapidly growing industrialization have made China the largest electricity producer in the world. China, being a global manufacturing hub, holds the immense potential for the growth of the automatic tube cleaning system market. Japan has reinstated its faith in coal-fired power plant and it planned to have 25% share of coal-fired power plant in its energy mix by 2030 as compare to earlier target of 10%. Moreover, it has also brought 8 power plant online in past two years. This drives the market for automatic tube cleaning systems in APAC.

TAPROGGE (Germany), Hydroball (Singapore), Ovivo (US), WesTech (US), BEAUDREY (France), Ball Tech (Israel), Nijhuis (Netherlands), WSA Engineered Systems (US), and Watco (Singapore) are a few major companies in this market.

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.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Radar Level Transmitter Market worth $581.2 million by 2023

 

According to the new market research report "Radar Level Transmitter Market by Technology (Contact (Guided Wave Radar), Noncontact (Pulsed & FMCW)), Frequency (C & X, K, and W Band), Application (Liquids, Solids), Industry (Oil & Gas, Chemicals, Food & Beverages), and Region - Global Forecast to 2023", the radar level transmitter market is expected to grow from USD 428.0 million in 2018 to USD 581.2 million by 2023, at a CAGR of 6.3% from 2018 to 2023. Benefits of high accuracy, reliability, and stability offered by radar level transmitters; increasing demand for radar level transmitter in the water & wastewater industry; and growing emphasis on optimum utilization and efficiency of assets are some of the factors driving the growth of the radar level transmitter market.

• Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=192620054

Browse 66 market data Tables and 56 Figures spread through 145 Pages and in-depth TOC on "Radar Level Transmitter Market - Global Forecast to 2023"
https://www.marketsandmarkets.com/Market-Reports/radar-level-transmitter-market-192620054.html

Noncontact radar level transmitters is estimated to hold the largest size of the overall radar level transmitter market in 2018

Noncontact radar level transmitters is estimated to hold the largest market size, in terms of value, in 2018. The oil & gas and chemicals industries are highly dependent on proper level control to ensure safety and efficiency. Level measurement instruments required in these industries must operate in explosive/flammable and acidic/basic environments; noncontact radar level transmitters are a suitable option here as they can safely, reliably, and accurately perform under such hazardous conditions. Moreover, the performance of noncontact radar level transmitter is unaffected by contaminants and can produce highly accurate measurements in storage tanks and process vessels. Growing adoption on noncontact transmitters in these industries as an easy-to-use and low-maintenance level measurement solution is expected to drive the demand during forecast period.

K band radar level transmitters is estimated to be the largest noncontact radar level transmitter market in 2018

K band radar level transmitters are the most widely used transmitters in process industries. These transmitters operate in the frequency range of ~26 GHz. They have a more focused beam angle and smaller process connection sizes than C and X band radar level transmitters. Such transmitters are ideal for use in tanks and vessels with moderate process conditions and long distance applications with smooth surfaces. K band radar transmitters are mostly used for level measurement of lower dielectric products, and they offer accurate level measurement under conditions of condensation, vapor, dust, foam, etc. However, the performance of such transmitters is affected by heavy vapors (e.g., anhydrous ammonia and vinyl chloride monomer) and dense foam (e.g., latex and molasses).

Liquids, slurries, and interface measurement applications expected to dominate the radar level transmitter market from 2018 to 2023

A majority of radar level transmitters are used for level measurement of liquids, slurries, and interfaces. Since guided wave radar level devices have no moving parts, they require minimum maintenance; these transmitters can measure both level and interface between 2 media. Noncontact radar level transmitter devices require no direct contact with liquid media, owing to which, they are used for measuring a wide variety of hazardous liquids, such as heated heavy asphalt and cryogenic liquefied gases like liquefied natural gas (LNG).

Oil & gas industry to dominate the radar level transmitter market from 2018 to 2023

The oil & gas industry is the key end user in the radar level transmitter market. Radar level transmitters are used for a variety of processes in the oil & gas industry, including level monitoring to check for toxins such as methanol, isopropanol, ethylene glycol monobutyl ether (2-butoxyethanol), ethylene glycol (1,2-ethanediol), hydrotreated light petroleum distillates, and sodium hydroxide (caustic soda). Radar level transmitters provide a high-performance and cost-effective means for continuous level measurement in the oil & gas industry. Other applications of radar level transmitters in the oil & gas industry include monitoring effluent tanks, oil separators, and hydraulic oil tanks.

North America to dominate the radar level transmitter market from 2018 to 2023

North America is expected to dominate the global radar level transmitter market during the forecast period. The US and Canada are the major contributors to the growth of the radar level transmitter market in North America. Rapid growth in shale-gas production and innovations in oil & gas extraction processes are the key factors driving the demand for radar level transmitters in North America. It is a developed region in terms of manufacturing processes; it has well-established industries such as oil & gas, food & beverages, and chemicals. Moreover, industrial and wastewater treatment contributes to the growth of radar level transmitter market and is one of the major markets in North America.

The radar level transmitter market was dominated by the key players such as Endress+Hauser (Switzerland), Emerson Electric (US), VEGA Grieshaber (Germany), Siemens (Germany), and KROHNE (Germany).

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.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com