Growing demand for smart lighting solutions, and growing demand from horticulture markets are the key driving factors for the LED packaging market
The LED packaging market was valued at USD 17.08 billion in 2016 and is expected to reach USD 26.39 billion by 2023, at a CAGR of 6.2% during the forecast period. The base year considered for the study is 2016 and the forecast period is between 2017 and 2023.
Objectives of the Study:
Define, describe, and forecast the overall market segmented, in
terms of value, on the basis of package...
Electric Vehicle Charging Stations Market | Analysis by Size, Growth, Trend and Forecast to 2023
The electric vehicle charging stations market is expected to grow from USD 3.22 Billion in 2017 to reach USD 30.41 Billion by 2023, at a CAGR of 41.8% between 2018 and 2023. The base year considered for the study is 2017, and the forecast period is between 2018 and 2023.
There has been a highly favorable ecosystem for a sustainable growth of the electric vehicle charging stations market. Many countries...
Researchers Predict Steady Growth for Production Printer Market by 2022
Production printing is a cost-effective method for high volume printing of transactional documents or commercial purposes while maintaining the high quality and fast turnaround. It has revolutionized the transaction application, especially when it comes to the large-scale production of bills, statements, checks, and other documents. The worldwide production printer market has been experiencing significant...
Smart Irrigation Market to have Good Business Opportunities in the Coming Years
Smart irrigation makes use of various technologies in the process of irrigation such as weather-based controllers, rain sensor, temperature sensor, network elements, water meter, sensor-based controller, and others. These advanced irrigation systems contain sensor networks that help in the real-time monitoring of weather and soil conditions. Developments and innovations in technology has led to the...
Mobile Augmented Reality Market to Garner Massive Recognition in the Years to Come
Augmented reality is revolutionizing the way we see things, with one of the recent examples being the Pokemon GO game, which is a location-based augmented reality mobile game, and it is spreading like wildfire across the globe. With the development of this technology and more and more applications, the shift to the use of mobile in AR applications is expected to bring in winds of change in the digital...
Terahertz Technology Market Gaining Impetus from Growing Applications
Terahertz technology is an emerging and a highly popular field of research that finds usage in various applications such as terahertz imaging, terahertz spectroscopy, and terahertz communication. Terahertz range lies between the frequency bands of microwaves and infrared radiation. The energy in the radiation is low enough so as not to pose any risk to the subject or object under examination. It has...
Intelligent Power Module Market Spurred by Increased Focus on Adoption of Renewable Power Sources
Intelligent power modules (IPM) are highly integrated, compact, and energy-efficient power modules that are used to drive motor in various applications. They increase the power density and system reliability by offering an enhanced monitoring level, thus improving the overall performance as well. Also, the compact design of these power modules helps in reducing the number of components that are purchased,...
LED Driver Market Powering Up due to Increased Adoption
LED drivers offer better quality, efficiency, durability, and performance by managing and controlling the flow of current for LED lights. Moreover, it also improves the energy consumption and easy to install. LED drivers are mainly used in a variety of applications such as residential, commercial, and outdoor & traffic lighting, among others. Increased demand for energy-efficient lighting systems,...
Growing Demand in Space and Military Applications Paving a New Path for Cryocooler Market
Cryocooler is a refrigerator or a standalone cooler used for cooling materials at ultra-low or cryogenic temperatures as low as 150K where the gases are liquefied. It finds application in different industry verticals like military, space, medical, commercial, energy, and environmental, among others. Gifford-McMahon cryocoolers, Pulse-Tube cryocoolers, Stirling cryocoolers, Joule Thomson cryocoolers,...
Energy Harvesting System Market Set for Huge Growth in the Near Future
Energy, as we know, is available in different forms such as solar, wind, thermal, and mechanical, among others. Energy harvesting is a process of capturing or collecting, storing, and managing the energy in such a manner that it can be used later for any purpose, mainly by converting it into electrical energy. It is one of the most promising and efficient technologies to meet the energy crisis as well...