Market Trends

Industrial Wireless Transmitter Market Overview Industrial Wireless Transmitter Market Size is forecast to reach  $6.7 billion by 2026 , at a  CAGR of 8.6%  during 2021-2026.  Wireless Transmitter is a technology that is used to automatically communicate information about a particular system or process to an area that is not connected electrically with the transmitter. The goal of an industrial wireless transmitter is to continuously transmit information so that a process can be controlled and faults can be prevented. These industrial wireless transmitters are used in manufacturing settings to prevent overloading or deviation from set parameters. A wireless transmitter works with the help of a transmitter which is attached to the control point from which wireless signals are sent. These wireless signals are sent to receivers where they can be read. Receivers are usually fixed at predetermined positions typically in control centers so that the process can be monitored remotely. A trans

HVAC Equipment Market Overview: Heating, Ventilating and Air-conditioning systems are used for providing indoor comfort by maintaining good air quality. The market for HVAC equipment was valued at $156.33 billion in the year 2017 and is estimated to reach by $242.59 billion by 2023 at an estimated CAGR of 7.6%. China is the leading industry in the global HVAC market due to its stable rise in the economy. APAC held the largest market share in the cooling equipment market generating 56% of the total revenue.  HVAC Equipment Market Outlook: HVAC market can be broadly segmented in to heating, cooling and ventilation equipment market. There are various products in the heating equipment such as heat pumps, boilers, furnaces, space heaters and many more. The products under the cooling equipment include air-conditioners, chillers, cooling towers, coolers and many more. Ventilation equipment consists of fans, duct fans, draft inducers, air purifiers, humidifiers and dehumidifiers and many more

The flow sensors market generated a revenue of $6550million in the year 2017 and is projected to grow at a CAGR of 7.1% throughout the forecast period 2018-2023. In this market, Asia Pacific region has great demand with a market share of 35.3% in 2017. The Velocity Flow sensors segment holds major share of 37.5% in 2017.The increasing number of applications and development of new and improved technologies like ultrasonic, electromagnetic and coriolos have resulted in increased adoption of flow sensors. The rising demand for accurate flow measurements and the growing need to monitor and control the flow are the key drivers for this market. What is Flow sensor? Flow sensors are devices which are used to measure the rate of fluid flow either directly or inferentially. Direct measurement involves the measurement of the volumetric flow rate of the fluid. Inferential flow measurement involves estimation of the flow rate by measuring other fluid parameters such as pressure, temperature, mass

Explosion proof equipment   has become mandatory in areas with potentially explosive atmospheres considering the gases and fumes that are emitted during various industrial or mineral extraction processes which can easily be ignited. Explosion proof equipment is valued at $4637.9 million in the year 2017 and is anticipated to grow at a CAGR of 5% during the forecast period 2018-2023. Oil and gas sector is the major end user of explosion proof equipment contributing over 16% of revenue shares and followed by the chemical sector contributing over 12% share. The class I explosion proof equipment market had generated over $2,360.7 million in revenues in 2017 and is anticipated to further grow at a CAGR of 4.0% during 2018-2023. What is Explosion Proof Equipment? Hazardous locations are places where there is risk of fire or explosion hazards occurring due to presence of flammable gases, flammable liquid–produced vapors, combustible liquid–produced vapors, combustible dusts, or ignitable  fib

The   global   Elevator modernization Market   generated revenue of $9,781.4m in 2017 and is projected to reach $12,832.8m in 2023 growing at a CAGR of 4.63%. Europe holds the largest market share of 35% followed by America. By component Controllers holds the largest market share of $3439.1m in 2017 and is estimated to reach $4,686.1m growing at CAGR of 5.29%. Increase in technological advancements and safety regulations are projected to drive the elevator modernization market. What is Elevator modernization? A vertical transportation for raising and lowering people or things to different levels in a modernized building is an elevator. There are two types of elevators traction and hydraulic. Elevator modernization include two different forms partial modernization and full modernization.  Elevator modernization is a process of upgrading the critical parts of the elevator in order for it to handle new technology, have better performance, improve safety, and give the aesthetics an up to d