Reasons for Steady Growth in Smart Factory Market
Industrial automation is the process of optimizing energy efficient drive systems through precise control and measurement technologies. Increasing demand for power and environmental concerns has created demand for energy efficient solutions in factory automation segment of different industries. As a result, more and more enterprises are adopting advanced smart factory automation technologies. Smart...
Machine Safety Market Strongly Driven by Rising Safety Standards
Invention of machines has great significance in the process of human evolution. Machines play a vital role in the modern lifestyle, making numerous day-to-day activities brisk and trouble free. Considering their wide presence across the globe, safety of machines and people using them has become equally essential. During the initial days of their invention, machine safety was a constant topic of debate,...
Torque Sensor Market Gaining Momentum with Potential Applications
Torque is a common standard of performance management and quality of various rotating systems. Measuring torque is vital to check ideal performance of different systems, which has increased the range of applications of these systems across different industrial verticals. This task is carried out with help of torque sensors that use strain gauge to an axle. Growing demand for these systems is a positive...
Low Horsepower AC Motors Market Witnessing Strong Growth with Rising Energy Costs
Governments across the world are concerned about increasing energy costs. As a result, they are on the quest of energy efficient solutions to cut the rising costs. Growing demand for energy efficient motors is also gaining momentum across developed and developing nations. As a result, the low horsepower motor market is witnessing sharp growth in the terms of introduction of innovative technologies...
Crystal Oscillator Market Driven by Consumer Electronics Sector
One of the core components of electric devices, crystal oscillators uses the property of piezoelectricity, similar to quartz. They create electric signals for precise frequency, which is commonly used in order to keep track of time. These oscillators are manufactured in varied range of frequencies, based on the types of applications. Global crystal oscillator market is driven by rising demand for these...
Whopping Growth in Hardware Encryption Market Thanks to Data Security Demands
Digitization is on the rise in every walk of human life. Increasing adoption of IT solutions and virtual data has its own consequences, positive and negative. Data protection is by far the biggest concern for the organizations depending on digital data. Along with confidentiality, data security also becomes vital in case of protecting the information from virus attacks and loss. Encryption of digital...
Traction Transformer Market Driven by Growing Demand
Traction transformers are one of the vital components of various types of rolling stocks and networks. They form an integral part of electric traction systems of these networks, making smooth motion of the electric motors like trains, trams and high-speed trains. These transformers are being used in railway traction for over a century. The mechanism and functions and features of these traction’s...
Functional Printing Market Fueled by Cost Effective Manufacturing Processes
Growing demand for cost effective electronic products are helping the technological advancements in global electronics market. This demand is also considered to be the strongest driver for the increasing demand for functional printing. It is a production process of functional inks that can be deposited in a selective and controlled pattern upon various kinds of materials. Functional printing is ranked...
Factors Driving Smart Elevator Market at Healthy CAGR
Elevators are regarded as the best source of vertical transport for years together. Elevator security is the strongest reason for all the innovation and technological advancements that take place in this industry. Rising number of high rising buildings and growing number of their users is a strong reason for growing demand for advanced and highly efficient lifts. Rise in their utilization also gives...
Servo Motor Market Driven by Variety in Applications Market
Servomotors use servomechanism to provide precise control of angular position, acceleration and velocity of different vehicles and instruments. These motors keep closed loop control with one of the generic motors that are open looped. Initially used in CNC and robotics, servomotors have broadened their range of application with technological advancements. Advancing technologies is also a strong reason...