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Showing posts from November, 2017

Microwave Oven Market Is Projected To Grow Rapidly Due To Increased Popularity Of Frozen & Ready-To-Eat Packaged Foods Till 2022: Grand View Research, Inc.

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The global  microwave oven market  size is expected to reach USD 12.70 billion by 2022, according to a new study by Grand View Research, Inc. The market is expected to witness a sluggish growth in North America and Europe as microwaves have entered the mature stage of the product life cycle. Majority of the revenue is generated from the section of population exhibiting willingness to spend on premium kitchen appliances. Changing lifestyles of people, especially the working class, have increased the popularity of frozen and ready-to-eat packaged foods which has positively impacted market growth. Inclination towards the use of traditional cooking equipment can be viewed as a hindrance for microwave ovens’ adoption, especially in developing countries. High electricity consumption and the costs associated with it are expected to challenge industry growth, which has led to manufacturers developing energy efficient microwaves. North America microwave oven market demand...

Beryllium Market Is Anticipated To Reach $80.7 Million By 2025: Grand View Research, Inc

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The global  beryllium market  is expected to reach USD 80.7 million by 2025, according to a new report by Grand View Research, Inc. The rising consumption of beryllium owing to its superior physical and mechanical properties is expected to drive growth. Increasing penetration of the metal in aerospace and defense sector is expected to drive the product demand. Aerospace industry consumes around 15% of the overall beryllium that is produced due to the superior properties exhibited by the product including high stiffness and thermal & electrical conductivity. Beryllium and its alloys are used to effectively manufacture functioning products that cater to a wide range of end-use industries such as aerospace, energy, automotive, medical, electronics, and defense. The growing defense industry in economies such as China, Japan, and India owing to high investments is expected to drive growth in the region. The U.S. is a major consumer of the metal. The Department of ...

Middle East Distribution Transformer Market To Gain Demand Quickly Due To Increasing Demand For Data Centers Till 2022: Grand View Research, Inc.

The   Middle East distribution transformer market  is expected to reach USD 3.59 billion by 2022, according to a new study by Grand View Research, Inc. The need for effective electrical distribution has led to increasing adoption across the power, commercial and industrial sectors; this is anticipated to fuel product demand. Several benefits including reduced line loss, better power quality, reduced energy costs and optimal energy use are expected to catapult industry growth significantly. They also offer investment related benefits, improved reliability and compatibility. The escalating need to overcome current losses along with the rising electricity demand is also anticipated to fuel demand over the forecast period. Low cost associated with the installation and conduit of distribution transformers may favorably impact industry growth. Increasing demand across plants and facilities that require huge amounts of power supply such as data centers is also anticipated to el...

Human Machine Interface Market Is Predicted To Grow Swiftly Due To Advancement In HMI Programming Software Till 2022: Grand View Research, Inc.

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The global  Human Machine Interface (HMI) market  is expected to reach USD 6.31 billion by 2022, according to a new report by Grand View Research, Inc. Advancement in HMI programming software in order to incorporate ability for managing multi-vendor environment is anticipated to escalate industry growth over the next few years. Benefits offered such as remote operation coupled with the widespread usage of HMIs across oil & gas and water treatment plant for operating in harsh conditions may also elevate product demand significantly. This has also instigated vendors to manufacture devices with better wear and tear property. Growing trend towards protocol conversion to exchange data between all connected devices is estimated to further catalyze human machine interface industry growth. Technological development such as open platform architecture resulting in improvement of the migration process is also anticipated to fuel demand considerably over the forecast period. ...

Hermetic Packaging Market To Experience Lucrative Growth Due To Rising Commercial Aircraft Production Till 2025: Grand View Research, Inc.

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The global  hermetic packaging market  is expected to reach USD 5.03 billion by 2025, according to a new report by Grand View Research, Inc. Utilization of hermetic packages is expected to grow significantly as a result of increasing application scope from healthcare and aeronautics & space application. The capability of the product to protect electronic components from temperature, pressure, and liquids is expected to drive the market over the forecast period. The telecom industry utilizes fragile & complex materials in various applications such as trunk lines and metros which require efficient packaging, thereby augmenting the demand. Central & South America accounted for a share of over 5.0% in 2016 Growing population and rising consumer willingness to spend is expected to increase the demand for electronic devices, thereby having a positive impact on the hermetic packaging industry. In addition, high military expenditure of USD 24.6 billion by Brazil ...

Service Robotics Market Is Predicted To Grow Swiftly Due To Growing Instances Of Assisted Living Till 2020: Grand View Research, Inc.

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The global  service robotics market  is projected to reach USD 15.69 billion by 2020, at an expected CAGR of 23.7% from 2014 to 2020. The demand for the global service robotics is anticipated to surpass 18 million units by 2020. The major factor driving the industry is the rising occurrences of supported living and the demand to fight against increasing costs of labor in the developed countries. The foremost advantage offered by service robotics includes assistance in carrying out those tasks which would otherwise have been tough and risky. Moreover, the ordinary routine tasks can be effortlessly dealt with having a high degree of accuracy with the help of these devices. The global industry has witnessed a massive growth in the number of companies trying to enter the industry and gain share by evolving and refining their automation techniques. The components involved in the manufacturing these machines include microcontrollers, actuators, manipulators, sensors, and p...

Home Audio Equipment Market Is Increasing Due To Rising Trend For Faster Internet Connectivity & Internet-Exclusive Entertainment Till 2020: Grand View Research, Inc.

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The Global  Home Audio Equipment  Market is expected to reach USD 22.50 billion by 2020, according to a new study by Grand View Research, Inc. Growing consumer demand for high-quality home theater experience attributed to increased disposable income is expected to drive the market over the forecast period. Increasing trend towards deployment of sophisticated equipment, high-speed data streaming, faster internet connectivity and internet-exclusive entertainment are expected to proliferate the need for external audio solutions. Emergence of Bluetooth products coupled with wireless Blu-ray home theater systems is expected to positively impact market growth. Home audio equipment comprises a wide range of equipment including multi-channel amplifiers, compact audio system and home radios. Manufacturers of this equipment have been striving to expand market penetration by innovating visually less intrusive and user-friendly systems. Therefore, technological advancement in d...