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Manufacturers of Electrical Fuses in North America to Capitalize on Rising Demand for Electric Vehicles

North America Electrical Fuses Market: Key Trends

The North America electrical fuses market is likely to witness the advent of more compact and slimmer electronics with leading players vying to cater to ever-changing consumer preferences. The development of the latest technologies and innovation have thus emerged as the most defining trends in the market. The electrical fuses market in North America is primarily driven by the rising demand for electricity and efficient power delivery systems. Besides this, diverse applications of electrical fuses across various industries will also fuel demand from the market.

Growth in the North America electrical fuses has been robust, primarily because the region boasts rapid technological advancements, economic growth, and a sizeable increase in population. Moreover, the construction industry in North America has reported considerable growth in the last few years in response to the increasing spending on housing infrastructure. This is subsequently boosting sales opportunities for electrical fuses manufacturers in the region

Bolsted by these factors, the market for electrical fuses in North America is expected to have a CAGR of 6.0% between 2016 and 2024, forecasts Transparency Market Research (TMR). As per TMR, the North America electrical fuses market stood at US$1.84 bn in 2015 and is expected to reach US$3.09 bn by the end of  2024.

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Expansion of Automotive and Construction Sectors in the U.S. Boosts Application of Electrical Fuses

The U.S., Canada, and Mexico make the most lucrative markets for electrical fuses in North America. Among these nations, the U.S. held the largest share in the market in 2015. The rising demand for electrical fuses from the automotive and construction sectors of the country has catapulted it to the forefront of the North America electrical fuses market. In the same year, Canada emerged as the second-largest market for electrical fuses in North America, trailed by Mexico. The electrical fuses market in the U.S. is poised to reach US$2,152.0 mn by 2024 from a valuation of US$1,291.6 mn in 2015. The market is therefore poised to exhibit a CAGR of 5.9% from 2016 to 2024.

Additionally, in countries such as Mexico and the U.S., the production of vehicles has substantially increased, which has positively influenced the application of electrical fuses in the automotive sector.

Construction Industry to Emerge as Leading Application Segment for Electrical Fuses in North America

As a result of urbanization and industrial development, demand for electricity and reliable power delivery systems has been persistently increasing in North America. This has in turn given the sales of electrical fuses across the automotive and construction sectors a fillip. Electrical fuses are used across these industries to ensure safety during electricity transmission and distribution across these segments.

The construction segment led the North America electrical fuses market in 2015 in terms of revenue. In that year, the segment accounted for a dominant share of 40.3% in the market. By volume as well, the segment led the North America electrical fuses market in 2015, with a share of 45.4%.

Furthermore, the advent of electrical vehicles also provides considerable opportunities for the market’s growth in North America. The increasing willingness among consumers to spend on hybrid and electrical vehicles is likely to bolster the applications of electrical fuses in EVs and hybrid vehicles.

Some of the leading companies in North America electrical fuses market include General Electric,ABB Ltd, Eaton Corporation, S&C Electric Company, Schneider Electric SA, G&W Electric Company, Mitsubishi Electric, Siemens AG, Bel Fuse Inc., Mersen S.A and Littelfuse, Inc., among others.

 

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Immense Scope for New Entrants and Innovative Applications Makes Biochips an Attractive Investment

The growing application of biochips in the medical sector for drug research, cancer treatment, and diagnostics has turned out to be the driving force behind the rapid growth of the global biochips market. This market has gained much prominence in a short span of time owing to the rising need for speedy, effective, low-cost, and accurate methods of decoding genes, detecting biomarkers, and performing complex biochemical reactions. The preference for compact biochips over conventional bulky instruments indicates the wide-spread acceptance and adoption of biochips that can facilitate multiple complex and analytical protocols in a rapid and inexpensive manner.

The market is headed for steady growth in the coming years with favorable economic reforms and significant growth in the pharma sector backing its progress. Large and established players have been benefiting from increasing investments in drug discovery and research. For start-up companies, however, regulatory barriers pose a tough challenge. Be that as it may, the global biochips market is projected to expand at a favorable pace of 16.9% from 2015 to 2023.

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Crucial Role of Biochips in Drug Discovery and Development

Biochips are used in various applications, the key ones being genomics, drug discovery and development, in vitro diagnostics (IVD), and proteomics. Over the years, the development of biochips has increasingly influenced the growth of the miniaturization of products and the automation of processes. The application of biochips in drug discovery and development accounted for the largest share in 2014 at 27.2%. A slight dip in market share is likely to be observed by 2023, but the segment will continue its leading streak throughout the forecast period. Looking at the shares of each of the four application segments it can be deduced that the use and role of biochips in the aforementioned categories is equally vital. The IVD segment is projected to register the highest CAGR of 17.3% from 2015 to 2023, according to TMR.

Declining Market Shares of Developed Regions Give Emerging Economies Hope

The geographical segmentation of the global biochips market includes Europe, North America, Asia Pacific, and Rest of the World (RoW). North America has been the largest revenue generator in the biochips market, accounting for a 30.7% share in 2014. Although the region is anticipated to lose market share by a slight percentage over the forecast period, it will continue to dominate the global market registering a 16.7% CAGR. Rising private equity investments in the biochips industry, the massive growth in the healthcare sector, and the increase in drug discovery and research are the key factors fueling the North American region’s competitive scenario.

Favorable economic reforms and surging mergers and acquisitions among major biochips companies are the leading driving forces of the Europe biochips market. This region, too, is anticipated to lose market share by revenue from 2015 to 2023. The Asia Pacific biochips market, on the other hand, is forecast to witness a sure albeit small rise in market share by revenue by the end of the forecast period. The rising application of biochips in the automation of various processes is driving the APAC market, especially in countries such as Japan, India, and China. The region is anticipated to expand at a 17.0% CAGR from 2015 to 2023.

Proliferation of Application Areas to Give Stainless Steel Control Valves Sales a Boost Globally

Global Stainless Steel Control Valves Market: Key Trends 

Mounting manufacturing activities across the world have provided manufacturers of stainless steel control valves with substantial lucrative opportunities. The growing number of vertical industries has caused a surge in the demand for stainless steel control valves. Due to the downturn of the oil and gas industry in Asia Pacific, the chemical industry is progressively growing in the region. As a result of this, the demand for stainless steel control valves is likely to surge in the region. Increasing implementation of wastewater management plants and the growth of semiconductor and electronics manufacturing are the major drivers of growth of the global stainless steel control valve industry. However, the downturn in the oil and gas industry and the increasing adoption of polyvinylidene fluoride control valves are likely to have an adverse impact on the global stainless steel control valves market.

The global stainless steel control valves market is thus expected to expand at a CAGR of 5.0% between 2014 and 2023. In 2014, the market was worth US$240.0 mn and is projected to touch a valuation of US$371.6 mn by the end of 2023.

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Asia Pacific to Generate Highest Revenue Owing to Increasing Number of Vertical Industries

The market for stainless steel control valves in Asia Pacific is driven by the rapid development of industrial infrastructure and the growing investment in several vertical industries. In countries such as India and China, the growth in chemical and semiconductor and electronics industries is driving the demand for stainless steel control valves. With the increasing consumer base of various industries in the region, the need for swift production process is also rising. This in turn is impelling manufacturers to set up more manufacturing plants resulting in a boost in the sales of stainless steel control valves. Asia Pacific is projected to account for 43.5% of the global revenue.

North America is expected to emerge as the second largest region in terms of consumption due to the expanding power generation, wastewater management, and oil and gas industries. Leading players in various sectors in the region are investing in technological investments for the development of the vertical sectors, in turn increasing the consumption of stainless steel control valves. Moreover, the rising demand for energy is likely to increase the drilling activities in the region. These factors are likely to help maintain the stable growth of the North America stainless steel control valves market.

Electric Valves to Lead in Terms of Actuation Technology

Owing to factors such as their increasing application in commercial, industrial, and residential sector, the global market for electric stainless steel control valves is anticipated to expand significantly in the upcoming years. Industrial and economic development in emerging economies such as Brazil, China, and India is expected to drive the growth of this segment. The electrical control valves market is expected to touch a valuation US$134.4 mn by 2023. The industrial sector is the largest user of electric stainless steel control valves.

Manual control valves are likely to be yet another key segment in terms of actuation technology. The use of manual stainless steel control valves in the residential sector is likely to boost the growth of this sector in the coming years. Their increasing use in the emerging economies is anticipated to drive the growth of this segment in future.

The leading manufacturers of stainless steel control valves are Flowserve Corporation, Pentair Plc., General Electric, Co, and Emerson Electric Co.

Mushrooming Multi-brand Retailers and Food Joints to Fuel Commercial Refrigerator Sales in Asia Pacific

Asia Pacific Commercial Refrigerators Market: Key Trends

The commercial refrigerators market in Asia Pacific will continue to rise, with China leading the market from the front, Transparency Market Research says. As the region faces the mushrooming of convenience stores, hypermarkets, super markets, grocery shops, and restaurants, the installation of commercial refrigerators is expected to rise considerably in the forthcoming years. Along with this, the conspicuous demand for energy-efficient solutions will pave the way for research and development activities in the market.

With opportunities for foreign direct investment widening in the food retail sector, Transparency Market Research (TMR) expects the commercial refrigerators market in Asia Pacific to surge at a 9.8% CAGR between 2016 and 2024. Around this time, technologies such as magnetocaloric refrigeration, which offer 20% to 30% reduced energy consumption, will witness wider commercialization.

The booming hospitality sector and the food retail industry will enable the commercial refrigerators market in Asia Pacific to reach US$38.83 bn by 2024, rising steadily from nearly US$16.99 bn in 2015.

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Considerable Presence of Local and Multinational Players Helps Keep Prices of Commercial Refrigerators in China in Check

The commercial refrigerators market is gaining considerable traction across China, India, Thailand, and Indonesia. The rapid proliferation of quick service restaurants and the increasing penetration of multinational retailers in these countries have fuelled the demand for energy-efficient commercial refrigerators.

China reports the highest demand for commercial refrigerators in Asia Pacific. It held over 33.5% of the Asia Pacific commercial refrigerators market in 2015. The country boasts a considerable presence of both local and multinational manufacturers; hence, commercial refrigerators are available at a comparatively lower purchasing cost in China. This will in turn propel the China commercial refrigerators market at a CAGR of 7.3% by revenue, from 2016 to 2024.

Demand for commercial refrigerators is also likely to increase considerably in India, Australia, New Zealand, South Korea, and Rest of Asia Pacific.

Demand for Beverage Refrigerators to Surge, Fuelled by Rising Tourism

The market for commercial refrigerators has been segmented based on beverage refrigerators, freezers, refrigerated display cases, glass door refrigerators, retail channels, and fridge freezers. Based on beverage refrigerator type, the market has been bifurcated into beverage refrigerator and wine refrigerator. In terms of revenue, the beverage refrigerator segment emerged dominant in the market, accounting for a share of over 57.2% in 2015. The growth witnessed in the tourism sector is expected to positively influence the sales prospects of beverage refrigerators during the forecast period. However, the segment is expected to lose its market share to the wine refrigerators as alcohol consumption increases in the Philippines.

The refrigerated display segment is further categorized into plug-in and remote refrigerated display. By freezer type, the market has been classified into vertical freezers, chest freezers, and ice-cream freezers. In terms of glass door refrigerators, the market comprises glass door refrigerators with storage capacities of 6.1 Cu. Ft. to 9.0 Cu. Ft., 3.1 Cu. Ft. to 6.0 Cu. Ft., 0.5 Cu. Ft to 3.0 Cu. Ft., and others with a storage capacity of more than 9.0 Cu. Ft. Likewise, the fridge freezer segment includes single-door and multi-door fridge freezers.

By retail channel, hypermarkets in Asia Pacific are likely to demonstrate the highest demand for commercial refrigerators in 2015. As per TMR, the segment held approximately 30.6% of the market in 2015. Favorable policies encouraging the setting-up of hypermarkets across Asia Pacific will seal the dominance of this segment through the forecast period.

Apart from this, the demand for commercial refrigerators is also expected to rise significantly across supermarkets, restaurants, and convenience stores in Asia Pacific.

Some of the most prominent companies operating in the market include Haier Electronics Group Co. Ltd., Liebherr Group, Hitachi, Ltd., Panasonic Corporation, LG Electronics, Samsung Electronics Co. Ltd., GE Appliances, Fukushima Industries Corporation, and others.

Aviation Industry’s Preference for Automation Proves Beneficial for In-flight Autopilot Systems Providers

Global In-flight Autopilot Systems Market: Snapshot

Most of the aircraft manufacturers are currently in a phase of evolving their pilot guidance and autopilot systems to implement the latest ones available. This falls in line with their drive to increase the scope of automation in aircrafts. This is a key driver for the demand for in-flight autopilot systems.

Another factors that works in favor of in-flight autopilot systems providers is the overall improvements made by aircraft makers in enhancing operational efficiency, including the implementation of autopilot systems. This also includes the implementation of performance-based navigation, a new concept that improve the description of an aircraft’s usage of fuel efficiency as well as maintenance of passenger safety. Another advantage that aircraft companies seek from in-flight autopilot systems is the reduction of pilot fatigue through the use of enhanced autopilot systems.

The resultant progress shown by in-flight autopilot systems revenues from a global perspective is a CAGR of 4.0% from 2015 to 2021. This market is expected to reach US$8.14 bn by the end of 2021.

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North America Defense Modernization Allows Highest Regional Demand for In-Flight Autopilot Systems

North America has consistently provided the highest demand for in-flight autopilot systems over the recent past. It is expected to continue this trend till 2021, by the end of which it is expected to take up 45.50% of the in-flight autopilot systems revenue share. The biggest contributor to this demand is the U.S. defense industry, which is rapidly increasing the number of defense modernization programs for all sectors. This gives most key players a chance to introduce the latest systems to the automated aviation vehicles in the defense industry.

The demand for in-flight autopilot systems in Europe is also on the rise, thanks to the highly developed network of airways that make it easier to introduce automation in the aviation industry. At the same time, the rising number of air travelers in Asia Pacific is fueling the demand for in-flight autopilot systems, thereby generating a higher interest from global players.

Commercial Aircrafts Increase Demand for In-flight Autopilot Systems Market

By 2021, the revenue generated by in-flight autopilot systems players in commercial aircraft applications is expected to reach US$5.2 bn, making it the largest one till then. The key reason for the high demand for commercial aircraft in-flight autopilot systems is the increasing number of air passengers across the world, for both domestic and international flights. This will have a highly positive effect on most of the key providers of in-flight autopilot systems in the coming years. The commercial aircrafts segment is also showing a greater focus on the use of autopilot systems to reduce the scope of human error during flight as well as landing, further boosting the demand for in-flight autopilot systems.

Key in-flight autopilot systems makers include BAE System Plc., L3 Communication Holding, Inc., Garmin Ltd., Honeywell International, Inc., and Rockwell Collins, Inc.

Increasing Need for High Quality Modules and Chips from Consumer Electronics Sector to Boost Demand for Optical Position Sensors

Global Optical Position Sensors Market: Key Trends 

The emergence of virtual reality and smart devices has led to a substantial increase in the demand for optical position sensors globally. The market is driven by the increasing popularity of smart devices and the surge in their global demand. The increasing application of optical position sensors in automotive systems is another key driver leading to the growth of the global optical position sensors industry. The research and development projects in the virtual reality tools segment are likely to provide manufacturers of optical position sensors with future growth prospects. However, the lack of international standards in determining the performance of optical position sensors are likely to impede its sales due to the uncertain results produced by optical position sensors.

With all these factors prevailing, the global optical position sensors market is projected to rise at a 6.6% CAGR between 2012 and 2023. The market was worth US$1 bn in 2012 and is projected to touch a valuation of US$2.25 bn by the end of 2023.

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Growing Shipments of Electronic Devices to Ensure Steady Sales of Optical Position Sensors in Asia-Pacific

The demand for optical position sensors is likely to stay high in Asia Pacific owing to the increasing demand for smart electronic devices in the region.  Consumers in the Asia Pacific region have shifted their focus towards the possession of smart electronic devices due to their increasing disposable income. This has in turn led to a rise in the sales of optical position sensors as they are used as a component in smart devices. The Asia Pacific market for optical position sensors is projected to reach a valuation of US$886.3 mn by the end of 2023.

North America is anticipated to emerge as the second largest region in the consumption optical position sensors followed by Europe. North America accounted for 27.8% of the overall global revenue from optical position sensors in 2023 owing to the ongoing technological innovations in the semiconductor industry. The rising concerns of drivers regarding vehicle safety are expected to drive the market for optical position sensors in the automotive industry in Europe.

Consumer Electronics to Emerge as Largest Application Segment Owing to High Demand for Smart Devices

Consumer electronics is likely to emerge as the largest application segment for optical position sensors with a global revenue share of 51.2% in 2023. The low price of optical position sensors has led to their increased use in household appliances. Due to the changing lifestyles of consumers, the need for smart devices is increasing. This in turn is giving rise to the demand for optical position sensors as they form an important component of smart electronic devices.

Consumer electronics is expected to be followed by aerospace and defense and automobiles applications segments in the second and third place. The aerospace and defense applications segment is projected to hold 18.5% of the global revenue, followed by automobiles applications with a revenue share of 12.2% by the end of 2023. The growing concerns over flight safety and increasing demand for air travel are likely to boost the sales of optical position sensors in the aerospace and defense segment. The rising need for automation is also likely to drive the growth of the global optical position sensor market in the upcoming years.

The leading companies in the global optical position sensors market are Sharp Corporation, First Sensors AG, Hamamatsu Photonics K.K., Micro-Epsilon, Sensata Technologies, Panasonic Corporation, Opto Diode Corporation, Siemens AG, Balluff GmbH, and Melexis N.V.

Global Industrial Controls System Market to Grow at CAGR of 4.9% from 2015 to 2021

The global market for industrial controls system has been covered under the scope of this report. An industrial control network is a system of interconnected equipment used to monitor and control physical equipment in industrial environments. Industrial controls improve product quality, plant efficiency, as well as facilitate uniform production in industries. These are the main reasons for increasing investments in the industrial controls system market. Increasing need of software in industrial automation, rise in infrastructure investments in emerging markets and increasing need for process automation among diverse industry verticals are the major factors responsible for the growth of the global industrial controls system market globally. Moreover, growing application of software in industrial control devices is set to increase scalability of SCADA, DCS and PLC systems in industrial environments.

The global industrial controls system market is segmented by region in North America, Europe, Asia-Pacific (APAC) and Rest of the World (RoW). North America led the global Industrial Controls System Market in 2014 and is also expected to maintain its dominance in 2021 as well in this market. The growth in North America is primarily attributed due to an increase in demand for safer and reliable process automation in different sectors, such as power plants, oil & gas and water & wastewater among others. Asia Pacific held the second largest share of the global industrial controls system market in 2014 followed by Europe and RoW respectively. The growth of the industrial controls system market in Europe can be attributed to the increase in demand for modernization of oil & gas, water & wastewater, and power infrastructures among others. Power and oil & gas industries were major contributors in RoW, in 2014.

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The industrial controls system market is segmented on the basis of types into supervisory control and data acquisition (SCADA), distributed control system (DCS) and programmable logic controller (PLC). Distributed control system (DCS) is holding the maximum market revenue share in 2014 and is expected to remain so during the forecast period from 2015 to 2021. The increasing industrial infrastructure investment and expansion of power and oil & gas project activities globally is spurring the demand for this segment. In addition, increasing need of software in industrial automation, rise in infrastructure investments in emerging markets and growth in demand for process automation among different industry verticals are the major factors that are driving the industrial controls system market globally. By components, the global SCADA market has been segmented into a programmable logic controller (PLC), human machine interface (HMI), remote terminal unit (RTU), SCADA communication system, and others.

The industrial controls system market is further segmented by application into power, water & wastewater, oil & gas, manufacturing, chemicals, automotive, food & beverages, pharmaceuticals and others (including aerospace, defense, mining and material, etc.). The global industrial controls system market is dominated by power sector segment. High gap in demand and supply of industrial control devices in developing countries such as India and China among others is expected to drive the demand of PLC, DCS and SCADA products in power sector. Chemicals segment was the second largest application sector in the industrial controls system market globally. Rising demand for bulk production of chemical materials is boosting the application of industrial control systems in the chemical industry.

Some of the leading players in the global Industrial Controls System Market covered in the report are Siemens AG (Germany), ABB Ltd (Switzerland), Omron Corp (Japan), Emerson Electric Co (U.S.), Rockwell Automation, Inc. (U.S.), Honeywell International, Inc (U.S.), Alstom SA (France), Omron Corp (Japan), General Electric Co (U.S.), Yokogawa Electric Corporation (Japan) and Schneider Electric SE (France) among others.

Global Graphene Electronics Market to Display 60.7% CAGR from 2015 to 2025, Functional Attributes of Graphene Propel Market

Global market for graphene electronics has been covered under the scope of this report. Graphene is a two dimensional (2D) allotrope of carbon. It was isolated for the first time in 2004 at the University of Manchester, United Kingdom (U.K.). Graphene is deemed to be one of the lightest as well as strongest material apart from having very good conductivity of heat and electricity. The versatile nature of graphene has led to it being explored for numerous applications. Since its discovery, graphene has been researched on for improving the performance efficiency of currently available electronic devices and their components. In near future, it is expected to be used in conjunction with other 2D materials, such as boron nitride and tantalum (IV) sulfide among others, or solely to develop advanced electronic devices. Devices such as graphene field effect transistors (GFETs) and graphene based batteries and ultracapacitors has shown promises of revolutionizing the electronic industry.

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Currently, very few graphene based electronic devices are currently available commercially across the globe. The global graphene electronics market is primarily driven by the versatile applications of graphene. Graphene’s superconductivity feature has led to it increasingly becoming an important constituent of advanced batteries and ultracapacitors. GFETs have shown that biosensors and chemical sensors based on graphene can derive result faster and more accurately than traditional sensors. Chips developed with graphene have shown significant performance improvements as compared to traditionally available chips. Though few experts believe that graphene may not be able to completely replace silicon and instead expected to be more suited for application in conjunction with silicon. Research is being conducted for developing flexible screens with aid of graphene and may be commercially available in the near future. With the rising demand for advanced electronic devices having better features, in the global electronic industry, the graphene electronics market can be expected to be impacted positively during the forecast period.

The global graphene electronics market has been segmented into four regions: North America, Europe, Asia Pacific (APAC) and Rest of the World (RoW). North America held the largest market share in 2014. Increasing research on graphene electronic devices coupled with relative ease of procuring required graphene composites are the main driving factors in region. This is because the currently available graphene electronic devices are mostly being utilized for research purposes. Europe was the second largest market, followed by APAC. The graphene electronics market in Europe was mainly driven by high amount of research being conducted in countries such as UK, Germany and Spain among others. Additionally, the European Union’s (EU) Graphene Flagship program has also led to increase in research activities in this region. The growth in APAC can also be attributed to factors similar to North America and Europe. RoW’s market is almost negligible but once graphene based consumer electronic devices is commercially available; the market in this region can be expected to grow significantly.

The global graphene electronics market, by material types, can be divided into five segments: graphene film, graphene oxide, graphene nano platelets (GNPs), graphene foam and others. In 2014, graphene film was the leading segment, accounting for a market share of more than 64%, and is expected to remain the leading segment during the forecast period. The growth can be primarily attributed to their increasing demand for applications in various electronic devices globally. Additionally, their revenue growth can also be attributed to the relatively higher price, compared to other graphene materials.

On the basis of applications, the market can be segmented into ten segments. They are batteries & ultracapacitors, display, sensors, electro mechanical systems (EMS), solar cells, chips, lighting, memory, electronic product body applications and others. In 2014, batteries & ultracapacitors were the largest segment, accounting for a market share of more than 63%. The growth can be attributed to rising demand for graphene based ultracapacitors with high energy density and also to the increasing demand for alternative energy globally.

Some of the leading players in the market are Graphene Frontiers (U.S.), Graphene Laboratories, Inc. (U.S.), Graphene Square (South Korea), Grafoid, Inc. (Canada), Graphenea S.A. (Spain), Skeleton Technologies (Germany), Samsung Electronics Co. Ltd. (South Korea.), IBM Corporation (U.S.), SanDisk Corporation (U.S.) and Galaxy Microsystems, Ltd. (China) among others.

NVDIMM Sales Poised to Surge Remarkably as their Deployment Increases with Increasing Internet Connectivity

Non-Volatile Dual In-Line Memory Module (NVDIMM) Market: Key Trends

Despite being at a nascent stage, Transparency Market Research (TMR) projects the global non-volatile dual in-line memory module (NVDIMM) market to surge at a remarkable pace. The rapid proliferation of internet connectivity and the corresponding updates have been crucial in fuelling NVDIMM deployment across various end-use applications. On the flip side, the companies offering NVDIMM still need to work on their designs in order to make them more affordable. Currently, their high cost is limiting their adoption across SMEs.

Nevertheless, with efforts to make NVDIMMs a standard technology across datacenters afoot, TMR forecasts the global market to surge at a remarkable CAGR of 136.6% between 2015 and 2021. The market stood at US$3.3 mn in 2014 and is anticipated to reach US$1.3 bn by the end of 2021.

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Unprecedented Expansion of Data Centers Fuels Demand for NVDIMMs across North America

North America led the global NVDIMM market with a share of 78.5% in overall revenue in 2014. The market’s growth in this region is spurred by the robust expansion of the data center and enterprise storage segment. The region being an early adopter of the latest technologies, analysts expect NVDIMM demand from North America to surge exponentially in the forthcoming years.

The region has a rising demand for high application performance, data retention, data security, and speed, which has accelerated the deployment of NVDIMMs across various end-use verticals. The inability of disk storage to support typical requirements of large-scale cloud applications is likely to boost demand for NVDIMMs across North America. Over the forecast period, the North America market is expected to exhibit a CAGR of 117.8%.

With a share of nearly 12% in the global NVDIMM market, Europe emerged as the second-largest regional segment. However, TMR forecasts Asia Pacific to report the fastest CAGR of 177.4% between 2015 and 2021.

High Application Performance Offered by NVDIMMs to Boost their Application in Data Centers and Enterprises

The deployment of NVDIMMs has been the highest across data centers and enterprises in 2014. The segment in the year accounted for over 86.4% of the market. TMR expects the data centers and enterprises storage segment to maintain its dominance in the market through the forecast period. A NVDIMM, combining flash memory and DRAM technologies, enhances the process of power failure recovery and offers high application performance.

NVDIMMs offer endurance, performance, latency, and data security benefits, which augment their demand from data centers and enterprises. As per TMR, the data centers and enterprises storage segment will rise at a CAGR of 129.6% between 2015 and 2021.

Bolstered by these factors, the application of NVDIMMs across data centers and enterprises is projected to increase further in the near future. However, with the advancement in technologies, the use of NVDIMMs is likely to branch out in medical electronics and consumer electronics segments.

The application of NVDIMMs is expected to surge in the industrial and automotive sector as well. The segment requires strict quality standards and exhibits high demand for power, performance, and reliability. Besides this, the increasing demand for digital imaging products in medical electronics will also bode well for the NVDIMM market’s future.

Some of the most prominent companies operating in the global NVDIMM market are AgigA Tech, Inc. (U.S.), Viking Technology, Inc. (U.S.), SMART Modular Technologies, Inc. (U.S.), Micron Technology, Inc. (U.S.), Fujitsu Limited (Japan), Intel Corporation (U.S.), Netlist, Inc. (U.S.), Samsung Electronics Co., Ltd. (Korea), Toshiba Corporation (Japan), and Integrated Device Technology, Inc. (U.S.) among others.

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