Protective Relay Market Is Projected To Exhibit A Significant Growth At A CAGR Of Over 5% From 2016 To 2024: Grand View Research, Inc.

The protective relay market is expected to reach USD 4,025.2 million by 2024, according to a new report by Grand View Research, Inc. Mounting investments in the transmission & distribution networks to replace the old equipment is expected to be a major factor expected to spur the growth over the forecast period. The intensifying intricacy of electrical systems has made it inevitable to incorporate protective devices for power systems safety. The growing electricity generation capacity to meet the growing population’s electricity demand is estimated to act as a key driver augmenting market demand. Nevertheless, the cost concomitant with the set up & maintenance of these relays is estimated to challenge the industry over the near future.

The global protective relay market is anticipated to witness high growth over the forecast period. This may be accredited to continuous population growth along with the mounting regional power consumption in Asia Pacific. The rising importance of smart grid technology coupled with upsurge in renewable energy projects is expected to further catapult protective relay demand over the next eight years. For instance, after the earthquake and tsunami in 2011, in Japan, the government decided to reduce the energy supply gap by augmenting renewable energy generation.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/protective-relay-market

Further key findings from the report suggest:

• The medium voltage segment captured over 40% of the total revenue in 2015 and is projected to exhibit a significant growth at a CAGR of over 5% from 2016 to 2024. This can be attributed to their extensive usage in the fortification of structures such as houses, shopping center, hospitals, and warehouses, which require medium voltage power.
• Feeder protection application segment is expected to gain prominence over the forecast period exceeding a CAGR of 6.0% from 2016 to 2024. This is primarily due to the criticality of the transmission & distribution networks to safeguard the overhead cables required for the electricity transmission
• Assimilation of protective relays in huge power systems and substations to ensure security & operational safety of the equipment is projected to drive the demand across the power sector over the next few years. The power segment accounted for a significant market share in 2015 capturing over 30% of the entire revenue share in the same year.
• Asia Pacific emerged as the largest and the fastest growing market accounting for more than 30% of the overall share in 2015. Increasing investments in transmission & distribution infrastructure in China & India is expected to spur the protective relay demand in this region.
• The key purveyors in this industry comprise Siemens, GE-Alstom, ABB, and Schneider. International players hold a strong foothold in the market making it difficult for the local suppliers to compete.

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/electronic-devices

Grand View Research has segmented the global protective relay market on the basis of voltage,
application, end-use, and region:
Protective Relay Voltage Outlook (Revenue, USD Million; 2014 - 2024)

·         Low

·         Medium

·         High

Protective Relay Application Outlook (Revenue, USD Million; 2014 - 2024)

·         Feeder Protection

·         Generator Protection

·         Bus-Bar Protection

·         Capacitor Bank Protection

·         Breaker Protection

·         Transformer Protection

·         Others

Protective Relay End-Use Outlook (Revenue, USD Million; 2014 - 2024)

·         Infrastructure

·         Industrial

·         Government

·         Power

·         Others

Protective Relay Regional Outlook (Revenue, USD Million; 2014 - 2024)

·         North America

o    U.S.

o    Canada

·         Europe

o    U.K

o    Germany

·         Asia Pacific

o    China

o    India

o    Japan

·         Latin America

o    Brazil

o    Mexico

·         Middle East & Africa

o    Saudi Arabia

o    Kuwait

o    UAE

o    Bahrain

o    Oman

o    Qatar

For press release of this report - http://www.grandviewresearch.com/press-release/global-protective-relay-market

Embedded Non-Volatile Memory Is Expected To Reach USD 471.5 Million By 2022: Grand View Research, Inc.

The global embedded non-volatile memory market is expected to reach USD 471.5 Million by 2022, according to a new study by Grand View Research, Inc. The emergence of memory technology such as RRAM and revamp in the FRAM architecture are expected to drive market growth over the forecast period. Surge in demand for Internet of Thing (IoT) applications in order to build smart devices is also expected to catapult the industry demand over the next seven years.

Demand for automation across several end-use industries including industrial, automotive, and consumer electronics might provide avenues for industry growth. Rapid industrialization in developing regions is also expected to drive product demand over the forecast period.

Development of devices integrating wireless communication technologies such as Near Field Communication (NFC), Bluetooth, and ZigBee require miniature components owing to consumer demand for compact devices. Migration from conventional to embedded-NVM owing to low-power consumption and high efficiency offered by these memory devices is expected to impel industry demand over the forecast period. This is also anticipated to be a key growth opportunity for industry participants.

View summary of this report @
http://www.grandviewresearch.com/industry-analysis/embedded-non-volatile-memory-envm-market

Further key findings from the study suggest:

• In 2014, eFlash dominated the market in terms of revenue with over 33% of the market share in the same year. The segment is anticipated to witness considerable growth over the next seven years owing to upsurge in electric car adoption. Further, the product offers high performance, and is primarily used to store data as well as code. Rise in adoption of smart technologies across the automobile sector is anticipated to positively impact product demand over the next seven years. eE²PROM is also expected witness a growth a CAGR exceeding 15% from 2015 to 2022, which might be primarily attributed to increased adoption of devices offering enhanced data security.
• FRAM uses hybrid memory technology, and combines the functionality of SRAM as well as flash. Growing adoption of EEPROM memory against FRAM, primarily in IoT-based MCUs are expected to elevate product demand over the next seven years. FRAM’s implementation on the basis of CMOS architecture has resulted in elimination of density issues, and is anticipated to provide avenues for market growth.
• RRAM is also a hybrid memory technology capable of storing huge data amount on a single chip, using 3D-stacking technology to save space. In addition to the efficient storing features, RRAM has compact structure, and is preferred as a viable option for application in consumer electronics.
• Asia Pacific is expected to dominate the eNVM industry owing to the presence of several key foundries as well as smart devices manufacturers in the region. The regional demand accounted for over 30% of the market revenue in 2014. Industrialization in developing countries such as India and China is expected to contribute towards the regional market growth over the forecast period.
• Prominent industry participants include United Microelectronics Corporation (UMC), Microchip Technology Inc., HHGrace, Kilopass, eMemoryTechnology Inc., and Semiconductor Manufacturing International Corporation (SMIC)

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/semiconductors

Grand View Research has segmented the global eNVM market on the basis of product and region:
eNVM Product Outlook (USD Million; 2012 - 2022)

·         eFlash

·         eE²PROM

·         FRAM

eNVM Regional Outlook (USD Million; 2012 - 2022)

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East & Africa

For press release of this report - http://www.grandviewresearch.com/press-release/global-embedded-non-volatile-memory-envm-market

Temperature Sensors Market Will Grow Swiftly Owing To Increased Usage In Smartphone Applications Till 2020: Grand View Research, Inc.

The Global Temperature Sensors Market is expected to reach USD 6.13 billion by 2020, according to a new study by Grand View Research, Inc. Increasing global demand for smarter consumer electronics and automobiles is expected to favor market growth over the forecast period. Temperature sensors are increasingly used in smartphones and other consumer electronics to monitor their temperature and enhance performance. 

Basic temperature sensors include resistive temperature devices (RTD), thermocouples, liquid expansion devices, silicon diodes, infrared sensors etc. Additionally, fusion of communication, computing and sensing is expected to drive the MEMS market, which is expected to benefit global temperature sensor demand. Technological advancements and device miniaturization also drive market growth. Need for ensuring safety and favorable regulatory scenario is expected to fuel market growth over the forecast period. However, intense competition and significant price cuts may restrain the temperature sensors market over the forecast period.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/temperature-sensors-market

Further key findings from the study suggest:

• Consumer electronics and environmental applications are expected to grow at a considerable rate over the forecast period. Temperature sensors are increasingly used standalone or integrated with diverse equipment. This technology is spurred by factors such as low cost and power and wireless connectivity. Introduction of new raw materials such as polymers is expected to lower the weight, size and cost of electronic devices.
• Sensors are used in wide range of applications such as consumer electronics, automotive, process industries etc. owing to easy equipment integration. Temperature sensors are increasing used in automotive applications such as cylinder head temperatures, coolant, and air intake. Therefore, rise in automobile production is expected to favor market demand. Temperature sensors are also used in HVAC, environmental control, food processing, medical devices and chemical handling applications.
• The Asia Pacific temperature sensors market accounted for over 30% of the global demand and is expected to grow at a considerable rate over the next six years. The regional market is expected to be driven by advancements in sensor technology and demand for high-performance sensors that can be fitted into handheld portable devices. China is expected to be the largest contributor to regional market revenue generation over the next six years.
• Key market participants include ABB, Delphi Automotive, Analog Devices Inc., Siemens AG, Freescale Semiconductor, Honeywell International, Texas Instruments, NXP Semiconductors, Panasonic, etc. Honeywell serves various industries including aerospace & defense, medical, transportation, industrial etc. Key players are increasingly moving their manufacturing facilities in countries with economical labor particularly in Asia Pacific to reduce their overall cost. Cost effective and differentiated services are expected to be a critical success factor for the industry participants.

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/sensors-and-controls

For the purpose of this study, Grand View Research has segmented the global temperature sensors market on the basis of application and region:
Temperature Sensors Application Outlook (Revenue, USD Million, 2012 – 2020)

• Automotive
• Consumer Electronics
• Environmental
• Healthcare & Medical
• Process Industries
• Others

Temperature Sensors Regional Outlook (Revenue, USD Million, 2012 – 2020)

• North America           
• U.S.
• Europe
• Germany
• UK
• Asia Pacific
• China
• Japan
• India
• RoW
• Brazil

Access press release of this report - http://www.grandviewresearch.com/press-release/global-temperature-sensors-market

Tunable Diode Laser Analyzer Market To Gain From Enhanced Demand In Chemicals And Fertilizers Sectors Till 2024: Grand View Research, Inc.

The global tunable diode laser analyzer market size is expected to reach USD 831.7 million by 2024, according to a new report by Grand View Research, Inc. The bullish growth prospects of the tunable diode laser analyzer market can be attributed to the rapid industrialization and an increasing need for real-time and efficient atmospheric toxic gas measurement and analysis.

Favorable initiatives and regulations by the government and regulatory bodies worldwide regarding industrial emissions across various industry sectors are anticipated to bolster the market growth over the forecast period. Advanced TDL based analyzers have the ability to detect and measure toxic gases such as oxides of carbon, nitrogen, and sulfur along with oxygen and water in very low air density environments accurately. The adoption of TDLAs involves low maintenance cost, seamless detection abilities, and stability, making them preferable over other gas detectors across the end-use industries.

However, the high costs of R&D and interoperability issues are expected to hinder the industry growth over the forecast period. The accessibility to cheaper substitute devices and methods may affect the industry growth in the coming years.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/tunable-diode-laser-analyzer-market

Further key findings from the report suggest:

• The TDLA industry, on the basis of measurement-type, can be segmented into in-situ and others such as extractive-based measurements. The in-situ or on-site type TDLA segment accounted for nearly 65% of the global market share in 2015, owing to the ease of customization, lower cost of ownership, and the control it offers.
• Oil & gas industrial applications contributed to approximately 25% of the overall TDLA market revenue in 2015 and are anticipated to witness a steady growth over the coming years. Such growth can be accredited to the growing demand for the detection of complex hydrocarbon gases and water across upstream, downstream, and midstream process flows across refineries and petrochemical industries.
• The demand for TDLAs in the mining & metal industry was estimated to reach over USD 130 million by 2024, growing at a CAGR of nearly 8% over the next six years. The increasing regulations and safety norms regarding harmful emissions near mining sites are expected to drive the demand for such equipment.
• In 2015, The Asia Pacific tunable diode laser analyzer market accounted for over 25% of the overall market share and is expected to witness a substantial growth over the next eight years. The developing economies of the region, such as India, China, and Japan, are anticipated to offer broad growth avenues for the regional industry growth, owing to the increasing industrialization and modernization of processes in industries including power generation and oil & gas, eventually leading to a surge in the adoption of TDLAs.
• Technological and product innovations drive such a highly dynamic industry. Prominent market players include Siemens AG, ABB Ltd., Yokogawa Electric Corporation, and Endress+Hauser. Vendors are focusing on expanding their presence through inorganic growth strategies such as mergers and acquisition for portfolio enhancement and regional expansion. Moreover, manufacturers are increasingly offering after-sales support and services for their TDLA equipment through its entire lifecycle, from installation to calibration and preventive maintenance repair of the equipment.

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/sensors-and-controls

Grand View Research has segmented the global tunable diode laser analyzer market on the basis of measurement-type, industrial application, and region:
Tunable Diode Laser Analyzer Measurement-Type Outlook (Revenue, USD Million, 2014 - 2024)

·         In-situ

·         Others

Tunable Diode Laser Analyzer Industrial Application Outlook (Revenue, USD Million, 2014 - 2024)

·         Power

·         Oil & Gas

·         Mining & Metal

·         Healthcare

·         Chemicals

·         Fertilizers

·         Paper & Pulp

·         Cement

·         Others

Tunable Diode Laser Analyzer Regional Outlook (Revenue, USD Million, 2014 - 2024)

·         North America

·         Europe

·         Asia Pacific

·         RoW

For press release of this report - http://www.grandviewresearch.com/press-release/global-tunable-diode-laser-analyzer-market