Growing Urbanization and Construction Activities Paving New Opportunities for Smart Elevator Market
Smart elevators are proving to be fast and more energy efficient in comparison to the conventional elevators. The huge demand for these energy-efficient elevators combined with the rapidly increasing construction activities across the globe are expected to boost the market growth, surpassing the USD 26 Billion market by the end of 2022. They help in minimizing the overall energy consumption and managing...
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...
Increased Investments in Power and Water Segment Spurring the Growth of Compressor Control System Market
Compressor control systems have become an important component of various industries such as oil & gas, refining, petrochemical, power generation, and so on. Innovations and developments in technology have led to advanced compressors and compressor control systems, making them more efficient, productive, and eco-friendly, thus enhancing the overall performance of the power generation plants. Along...
Pressure Transmitter Market Set to Flourish in Asia-Pacific Region
Monitoring and maintaining pressure levels is an important part of various process industries worldwide. Industrial automation across different process industries allows optimum control and monitoring of various parameters along with reducing costs as well as ensuring the optimum utilization of resources. Moreover, the growing demand for energy and electricity across the globe has led to new installation...
Wireless Audio Device Market Set to Witness Rapid Growth in the Next Five Years
Wireless audio devices are devices that use wireless technologies in order to play various audios. Advancements in technology, especially in the audio sector have created a high demand for wireless audio devices like headphones, soundbars, microphones, and speakers, among others. Devices of innovative shapes and sizes have piqued more interest and usability among consumers due to their appeal. The...
Growth of Emergency Shutdown System Market Fueled by the Rising Demand from the Oil & Gas Sector
Emergency shutdown (ESD) systems are designed for the purpose of minimizing the consequences of emergency situations, especially in the oil & gas sector where safety is the major concern. Lack of proper safety measures may lead to production loss and hazards such as outbreak of fire, explosions, leakages in oil and gas. Due to these advantages, the demand for ESD systems has increased over the...