Market Trends

The Global Vibration sensors market recorded annual revenue of $2844.6 million in 2017 and is estimated to grow at a CAGR of 5.6% during the forecast period 2018-2023. Vibration sensors are witnessing prolific demand from industry verticals such as aerospace, automotive and food processing. Accelerometer is widely used for vibration sensing due to its extensive application range. Accelerometer segment has a market revenue of $1300.7 million in 2017 and is estimated to grow at a CAGR of 5.3% during the forecast period. Automobile industry is the dominant end-user of vibration sensors market driven by considerable penetration and strong application base. The automobile industry recorded annual revenue of $752.7 million in 2017 and is estimated to grow at a CAGR of 5.7% during the forecast period. Asia-Pacific is the dominating region in the global market by collecting annual revenue of $1145 million in 2017 and is projected to grow at a CAGR of 4.93% during the forecast period. What are

Enterprise Asset Management Market Overview Enterprise Asset Management market is analyzed to grow at a CAGR of 8.1% during the forecast period to reach $3.2 billion by 2026. The major factor impacting on the positive growth of the market is the adoption of the cloud technologies in the asset management solutions. The significant growth and adoption of the new technologies such as IoT, industry 4.0, and so on are analyzed to create ample amount of opportunities for the growth in the enterprise asset management as they play a key role in asset tracking. Owing to the increasing demand for these advanced technologies due to the increased productivity, sustainability, decrease in maintenance costs is set to bring down the deployment costs thereby impact on the high adoption rate and contributing to the growth of the market during the forecast period 2021-2026. Increasing adoption of advanced technologies in enterprises for assisting them in tracking, assessing, managing and optimizing ass

Pressure Sensors Market Overview: Pressure sensor are devices that detects, measures, and transmits data pertaining to fluid and gas flow, speed, water level, and altitude. With its sense of pressure it also helps in evaluating human medical conditions, and  wearable medical devices market  a prominent employer of pressure sensors in healthcare setting is forecast to reach $41 billion by 2020. Performance of devices and components in various sectors including automotive, consumer electronics, oil and gas, healthcare, and industrial are monitored by pressure sensors, thus forewarning any adjustments and avoiding mechanical break-down to curb adverse economic effects and inefficiency in production. Owing to its adjacent sectors experiencing unprecedented demand delivered via global industrialization, pressure sensors market size with ample opportunities is worth $5.11 billion as of 2018. Pressure Sensors Market Outlook: Microelectromechanical Systems (MEMS pressure sensors) through its

Various types of air conditioners such as central air conditioners, dehumidifiers, and ductless split system, portable are used in hazardous locations. However, central air conditioners are widely used and generated a revenue of $76.83 million in 2017 and is expected to rise with a CAGR of 1.87% during 2018 – 2023. The Middle East region holds the highest share of hazardous location air conditioner market as is estimated to grow with a CAGR of 1.35% during the forecast period of 2018-2023. The rise of different industries such as oil and gas, petroleum and food processing and the need for cooling systems in such hazardous locations to prevent explosions are some of the factors responsible for the growth of this industry. What are hazardous location air conditioners? Hazardous location air conditioning units are designed to operate in the most difficult application by providing safe air conditioning for equipment and personnel. These air conditioners reduce the heat accumulation and ma