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robyn gomez

robyn gomez

Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe.

Website URL: https://www.hexaresearch.com

The global Bring Your Own Device (BYOD) Market is projected to exceed 350 billion by 2022 from USD 94.15 billion in 2014. Widespread adoption of devices, like tablets, smartphones, and laptops can positively affect the market over the forecast period (2016 - 2024). BYOD enables employees bring their own devices to work. This not only reduces hardware & device costs but also boosts employee productivity & satisfaction.

4G LTE services offered by telecom companies can drive the BYOD market in both developing & developed economies. High demand for mobile phones owing to their low prices and low voice calling tariffs may boost the Asia Pacific market till 2024.

BYOD increases the possibility of security risks, such as device thefts, tracking data, and hacking. Oftentimes, when employees using their own personal devices at work, leave an organization, take with themselves crucial organizational data & information. Moreover, device seizure & data loss and governance & compliance issues can restrain market demand.

Browse Details of Report @
https://www.hexaresearch.com/research-report/bring-your-own-device-byod-industry

The BYOD market is fragmented into software, end-uses, devices, and regions. Software is divided into Enterprise Mobile Email Management (EMEM), Mobile Application Management (MAM), Mobile Devices Management (MDM), Enterprise Mobile Content Management (EMCM), and Telecom Expense Management (TEM). Improvements in IT technology can further increase the adoption of BYOD, thus propelling market growth.

Based on end-use, the industry is segmented into mid-to-large sized businesses and small businesses. A number of companies are taking to the ‘BYOD’ concept to minimize both operating expenditure (OpEx) and capital expenditure (CapEx). Employees too, share the costs incurred on their devices. This in turn, lowers the costs borne by the company.

Small & midsized businesses (SMBs) use MDM (Mobile Device Management) solutions to manage their mobile devices and to increase security. A number of vendors have also introduced tailor-made solutions for SMBs to capitalize on their growth prospects. With a 75% market share (in terms of revenue), mid-to-large sized businesses dominated the industry in 2013. BFSI (Banking, Financial services and Insurance) and healthcare will play a key role in driving the worldwide BYOD market. The growing need for coordinating with customers & co-workers and for remote access to information can boost the adoption of ‘BYOD’ in BFSI.

Based on devices, the industry is segmented into smartphones, tablets, and laptops. Owing to high demand & popularity, ‘smartphones’ dominated the market with a 55% share in total revenues in 2013. Since, tablets possess features of both laptops and smartphones, they are a widely preferred choice among consumers. This may aid in market penetration and greater adoption of tablets in BYOD.

Regions include North America, Europe, Asia Pacific, and Rest of the World (RoW). North America generated more than USD 25 billion in 2013. The region will continue to dominate the global market during the forecast period. The ‘work from home’ option coupled with low provision rate of corporate mobile devices could increase the adoption of BYOD.

The Asia Pacific BYOD market is a rapidly growing one. Factors fueling this region are the robust use of smartphones and tablets and their subsequent impact on information technology. Even though there are a large number of employees who use their own devices for work purposes, the absence of formal policies supporting BYOD is a major challenge in this region.

MobileIron, Cisco Systems, Good Technology Inc., and IBM Corporation are the prominent players in the global BYOD market. These companies give considerable importance to talent retention, operational simplification, and cost reductions for enhancing their respective market shares.

Browse Related Category Market Reports @
https://www.hexaresearch.com/research-category/next-generation-technologies-industry

The Automated Fare Collection Market is anticipated to be valued beyond USD 8.5 billion by 2024. Automated fare collection systems are the combined modules, which facilitate the automated ticketing system for public transportation network. They offer a constant and incorporated platform for all the actions concerned with the fare gathering with equipment such as ticket checking machine, ticket vending machine, and automatic gate machine.

These systems are chiefly used in a several high transit areas counting huge commercial workplaces, government buildings, and public transport ports. The increasing demand for proficient, automated, and tranquil transportation is spurring the requirement for automated fare collection systems.

The escalating focus on improving the transport infrastructure, safety measures, and simplicity for the purchaser is likely to stimulate the industry growth in the near future. However smooth revenue collection and initial high cost of setting up can influence the automated fare collection systems, thereby, propelling the overall market demand during the forecast period (2016-2024).

Browse Details of Report @
https://www.hexaresearch.com/research-report/automated-fare-collection-afc-system-market

The global market can be segmented by technologies, components, systems, system components, and regions. Technologies are magnetic strip, smart Card, NFC, and OCR. Components consist of hardware software. Systems include fare gates, ticket vending machine, ticket office machine, and IC cards. Market systems components are ticket vending machine by component, ticket office machine by component, fare gates by component, and IC cards by components.

Key regional segments in the market comprise North America, Europe, Asia-Pacific, the Middle East & Africa (MEA), and Latin America. Europe dominates the total AFC market and is strongly followed by the North American market due to a developed transportation communications.

The overall automated fare collection market is extremely competitive in nature. The key manufacturers are NXP Semiconductor, Omron Corporation Thales Group, LG Corporation, Advance Cards Systems, Fare Logistics, and Samsung SDS.

Strategic mergers & acquisitions and partnerships and are projected to be the most successful strategies for market players to acquire a competitive benefit in the promising markets. Also, this will potentially augment their technological capability. There has been a novel trend of partnerships among the transit service suppliers and product makers for the integration and interoperability of systems.

Browse Related Category Market Reports @
https://www.hexaresearch.com/research-category/automotive-and-transportation-industry

The global Type 1 Diabetes Market is expected to reach USD 25.52 billion by 2024. A significant increase in the prevalence of type 1 diabetes coupled with Rigorous research & development activities to introduce novel formulations drives the T1D market growth.

Sedentary lifestyles, unhealthy diet habits coupled with rising obesity rates will further enhance the uptake of various types of insulin for the treatment of this disorder. Though this type of diabetes is rare still the number of cases is increasing by 3% every year according to the data enumerated by the International Diabetes Federation (IDF).

Insulin therapy is very much essential in the patients who have type 1 diabetes. Rising launch of the novel insulin formulations along with several adjunct therapies will positively impact the insulin acceptance. On the other hand, this chronic disorder poses a significant economic impact owing to the increasing cost of insulin coupled with other conditions such as cardiac disorders, kidney disease among others. This affects the respective countries and their national healthcare systems. For instance, the expenditure on diabetes management accounts for around 5% to 20% of the total healthcare spending.

Browse Details of Report @ https://www.hexaresearch.com/research-report/type-1-diabetes-t1d-market

Rapid-acting, long-acting and premix analogs are the three major types of insulin analogs administered to the patients. These insulin types when delivered duplicate the action of natural insulin and avoid the excess release of glucose in blood cells. The market penetration of long-acting insulin products is higher as compared to other two types, however, during the forecast period, the uptake and acceptance of rapid and premix analogs are anticipated to increase. The reason being the quick action and optimum performance of these two over long-acting insulin.

The insulin analogs market is consolidated in nature as three companies account for more than 50% of the total market share. The reason being extensive product offerings and continuous research and development activities. This market is witnessing an ongoing patent erosion affecting the market sustainability of companies. Also, high probability of launch of several biosimilars by new entrants, major players might face competition during the forecast period.

To enhance the overall sustainability, established players such as Novo Nordisk, Sanofi, and Eli Lilly are continuously investing in the development of the improved versions of insulin products. For instance, recent launches by Novo Nordisk (Xultophy, Tresiba) and Sanofi's Toujeo (improved version of Lantus). These factors exhibit the promising growth for type 1 diabetes treatment market.

Hexa Research has segmented the global type 1 diabetes (T1D) market based on insulin analog, and region:

Segmentation by insulin analog, 2014 - 2024 (USD Million)

• Rapid acting

• Long acting

• Premix analogs

Segmentation by region, 2014 - 2024 (USD Million)

• North America

• U.S.

• Europe

• UK

• Asia Pacific

• China

• India

• Rest of the world

Key players analyzed

• ADOCIA

• Biocon

• Bioton

• Eli Lilly and Company

• Novo Nordisk

• Sanofi

• Wockhardt

Browse Related Category Market Reports @
https://www.hexaresearch.com/research-category/pharmaceuticals-industry

The worldwide Organic Personal Care Market generated over USD 8.3 billion in 2014. It is anticipated to grow at around 9 percent CAGR during 2016 to 2024 (forecast period). The market will produce sales worth USD 15.8 billion by 2024. This significant expansion may be ascribed to awareness regarding eco-friendly products that don’t have petrochemicals, parabens, and aluminium salts.

Novel organic products have grown. Also, manufacturers & sellers consider innovative means of ‘demand generation.’ Both these factors can drive market demand in the near future. Organic products are made from plant roots, essential oils, herbs, & flowers coupled with naturally-available emulsifiers, humectants, additives, & surfactants.

This market has greatly evolved across the globe. Sales trainings for ‘consumer education’ regarding superior ‘beauty products’ should propel market revenues. Client awareness about personal health is also likely to add market growth till 2024. Enhanced living standards and increased disposable earnings of the employed ‘middle-class’ populace across developing Asian Pacific nations may propel the market in the forecast period.

Browse Details of Report @
https://www.hexaresearch.com/research-report/organic-personal-care-industry

However, discrepancies in ‘feedstock supply’ would hinder the market. Technological advancements and research & developments in processing & cost-efficient manufacturing were the key drivers of organic personal care market in the recent years. Research on developing customized & sophisticated products can open market prospects.

The market is split by products and geographies. Products comprise skin care, hair care, oral care, and others. Skin care led in terms of demand and surpassed USD 2.5 billion in 2013. Hair is estimated to grow at nearly 9.8 percent CAGR during 2014 to 2020. Oral care captured 13 percent shares in 2013 and should undergo high growth. Its shares could be attributed to escalating gum diseases.

The geographies are Asia Pacific, North America, Europe, and rest of the world. North America reigned in the recent past and has regional prospects in Mexico. Europe and Asia Pacific followed North America and were pushed by customer inclination and advanced products. The worldwide organic personal care market is mainly characterized by product innovations.

Some of its players are L’Oreal; The Body Shop; Aveda Corp.; and Amway. Few companies have introduced ayurvedic substances; like clove, tulsi, lemon, neem, etc.

Browse Related Category Market Reports @
https://www.hexaresearch.com/research-category/food-additives-and-nutricosmetics-industry

Guidewires are flexible tubes used to guide a catheter to a diseased artery in the heart. They are used for the diagnosis of cardiovascular diseases. It will face huge demand due to the recent trend of minimally invasive procedures. Benefits of these procedures such as fast recovery, reduced hospital stay, and a painless surgical experience will favor the Guidewires Market.

The growing geriatric population and presence of prevalent coronary diseases are factors that can result in increased demand. The guidewires market is projected to grow at a rapid rate from 2016 to 2024 (forecast phase). Reservations by reimbursement companies will hamper the market growth.

Coronary, peripheral, neurovascular, and urology guidewires are the 4 products currently offered in the market. All these products will be of prominent use in the medical sector in the years ahead. In 2013, Terumo Corporation dominated the peripheral guidewires market on account of its expansive product portfolio. Additionally, prominent players of neurovascular guidewires include ASAHI INTECC and Codman Neurovascular.

Browse Details of Report @
https://www.hexaresearch.com/research-report/guidewires-industry

Regions include North America, Latin America, Asia Pacific, Europe, and Middle East & Africa (MEA). North America will lead the guidewires market over the next eight years. This can be attributed to the advanced health infrastructure and cardiovascular and neurovascular diseases in the region. Presence of large manufacturers and their respective specialty products will also favor the regional market growth. Asia Pacific will be the fastest growing market, owing its growth to the economies of China and India.

Research and development play a key role pertaining to the growth of the global market. The companies involved have tried to create cost-effective products to prevent any product recalls. Tip shape retention and flexibility are the prime requirements of health practitioners while handling guidewires. Well-known players in the market are ASAHI INTECC, Terumo Corporation, Boston Scientific Corporation, and Abbott Laboratories.

New product launches and collaborations with healthcare practitioners are a common strategy followed by these players. For instance, Boston Scientific has launched Safari preshaped TAVI guidewires, Fathom Steerable Guidewires, choice Floppy guidewires, Journey Guidewire, and Kinetix Guidewires. The Fathom series has advanced micro fabrication technology which can be used to treat tortuous vasculature. Safari series can retain its shape and comes in three sizes.

Browse Related Category Market Reports @
https://www.hexaresearch.com/research-category/medical-devices-industry

The global Citric Acid Market is expected to reach USD 5.73 billion by 2024 driven by its increasing use in food & beverages and household detergents & cleaners. The growth of these end-use industries, particularly in emerging economies of Asia Pacific region, is anticipated to boost the growth of the chemical over the projected period.

The biobased and chelating characteristics of citric acid make it a viable solution to several toxic substances used for manufacturing detergents & cleaners, especially for household purposes. Rising awareness regarding cleanliness and hygiene is expected to augment the demand for detergents & cleaners, resulting in a volume CAGR of 3.8% over the projected period.

Asia Pacific dominated the global industry accounting for 29.6% of the global citric acid market volume share in 2016.

Browse Details of Report @
https://www.hexaresearch.com/research-report/citric-acid-market

Rapid industrialisation resulting in the presence of large-scale manufacturing bases for food & beverages, pharmaceuticals, and cosmetics is expected to augment the demand for the chemical as an intermediate in several processes.

Increasing healthcare expenditure coupled with rising number of ailments across the world is expected to augment the demand for pharmaceuticals. The demand for citric acid in pharmaceutical applications was estimated to be 153.1 kilo tons in 2016 and is projected to progress in tandem with the development of the pharmaceutical sector.

The difference in the properties of citric acid has resulted in making it suitable for use across a broad range of applications. The dual use of citric acid as a preservative as well as a flavouring agent in foodstuffs is expected to augment its demand for household purposes. Moreover, its suitability for a broad range of cuisines makes its suitable for restaurants. Increasing standard of living of consumers is expected to augment the demand for the product over the projected period.

In line with the growing demand for the chemical, manufacturers such as Jungbunzlauer, ADM, and Cargill are focusing on increasing their market presence through R&D to introduce innovative products catering to niche application segments. Thus, the growth of the food & beverages, pharmaceutical, and cosmetic industries coupled with the eco-friendly properties of the product is expected to drive the growth of the citric acid market over the forecast period.

Hexa Research has segmented the global citric acid market on the basis of application and region:

Segmentation by application, 2014 - 2024 (Kilo Tons) (USD Million)

• Food & beverages

• Household detergents & cleaners

• Pharmaceutical

• Cosmetics

• Others

Segmentation by region, 2014 - 2024 (Kilo Tons) (USD Million)

• North America

• U.S.

• Europe

• Germany

• Asia Pacific

• China

• India

• Central and South America

• Brazil

• MEA

Key players analyzed

• Archer Daniel Midland

• Cargill

• COFCO Biochemical (Anhui)

• Gadot Biochemical Industries

• Jungbunzlauer Suisse

• Citrique Belge

• Tate & Lyle

• Weifang Ensign Industry Co., Ltd.

• RZBC GROUP CO., LTD.

• Huangshi Xinghua Biochemical

Browse Related Category Market Reports @
https://www.hexaresearch.com/research-category/bulk-chemicals-industry

The global Pneumatic Conveying System Market size to reach USD 30.40 billion by 2025, augmented by the advancement of technology resulting in its increasing use for various applications including food processing and pharmaceutical. Europe was the largest market valued at over USD 6.5 billion in 2016. However, it is expected to witness steady growth over the forecast period on account of increase in trade barriers created by Brexit, Russian military intervention in Ukraine and slowdown of the Chinese economy.

Asia Pacific is anticipated to witness the fastest growth over the forecast period at CAGR of 6.6% on account of increase in production of pharmaceutical as well as rubber & plastics. Growing domestic demand for these products is expected to provide an impetus to the pneumatic conveying system market.

Rubber & plastics accounted for 19.4% of the global market share in 2016 and is projected to increase as a result of the increasing demand for these products in various sectors including aviation, automobile and construction. Moreover, pneumatic conveying systems swiftly adapt to the constantly evolving technology for processing of these commodities, which is expected to play a crucial in driving the growth of the market.

Browse Details of Report @
https://www.hexaresearch.com/research-report/pneumatic-conveying-systems-market

Dilute phase conveying system was the largest contributor to the global industry in 2016. The segment is expected to grow at a CAGR of 6.2% over the next nine years on account of its increasing use for handling a broad range of materials including sand, feldspar, carbon black, fly ash, glass cullet, cocoa beans, candies, resins, hazelnuts, and sorbitol.

The positive pressure systems segment was valued at USD 11.02 billion in 2016. Its demand is anticipated to increase due to its ability to operate above atmospheric pressure and a higher capacity compared to vacuum systems. In addition, positive pressure system is ideal for conveying material from one loading point to many uploading points which make it a viable choice for rubber and ceramics.

Companies are investing extensively in R&D to enhance technology for the purpose of capturing the more market share. For instance, In October 2016, Schenck Process Holding GmbH launched high capacity stainless steel feeder designed for handling materials with light and fluffy characteristics in plastics processing applications. Thus, rapid industrialization with a growing demand for processing of foods and pharmaceuticals is expected to augment the growth of the pneumatic conveying system industry over the projected period.

Hexa Research has segmented the global pneumatic conveying system market based on operating principle, technology, end-use and region:

Segmentation By Operating Principle, 2014 - 2025 (USD Million)

• Dense phase conveying

• Dilute phase conveying

Segmentation By Technology, 2014 - 2025 (USD Million)

• Positive pressure system

• Vacuum system

Segmentation By End-Use, 2014 - 2025 (USD Million)

• Food

• Pharmaceutical

• Rubber & Plastics

• Ceramics

• Others

Segmentation By Region, 2014 - 2025 (USD Million)

• North America

• U.S.

• Canada

• Europe

• Germany

• UK

• Asia Pacific

• China

• India

• Japan

• Central & South America

• MEA

Key players analyzed:

• Zeppelin Systems GmbH

• DongYang P&F

• Hillenbrand Inc.

• Schenck Process Holding GmbH

• Cyclonaire Corporation

• WAMGROUP S.p.A.

• United Conveyor Corporation

• KC Green Holdings

• Dynamic Air Inc.

• AZO GmbH & Co. KG

Browse Related Category Market Reports @
https://www.hexaresearch.com/research-category/hvac-and-construction-industry

The global Phosphate Rock Market is expected to reach 268.0 million tons by 2024 as a result of its increasing demand in the downstream sector for producing fertilizers. It is the only global resource which is used in agriculture and fertilizer industry.

The mineral is a vital ingredient used for manufacturing NPK fertilizers. Therefore, the growing demand for fertilizer is expected to be the primary driving factor for the growth of the market over the next few years. Moreover, the absence of substitutes is expected to result in negligible substitution threat.

Additionally, one of the factors for fertilizer consumption growth is directly related to the global increasing calorie consumption per capita. High-calorie consumption foods are becoming popular, with rising prevalence of oilseeds, dairy and meat which are directly increasing the demand for stock feeds, grain, and agricultural production.

Browse Details of Report @ https://www.hexaresearch.com/research-report/phosphate-rock-market

Demand for phosphate rock in Asia Pacific was 127.94 million tons in 2016 and is anticipated to maintain its dominant position over the forecast period owing to the presence of numerous agriculture-oriented economies. Rising demand for the mineral as an additive for feed & food as well as manufacturing of industrial chemical coupled with the growth of the manufacturing sector in the region is expected to drive the market. In developing countries such as Brazil, China and India, growing demand for cleansing and detergent agents are projected to drive the market in the coming few years.

Europe and North America has implemented regulations banning the use of phosphate in detergents, as the mineral mixes with water which can result in causing harm to the aquatic life by producing additional phosphorous which results in the death of fish, dolphins, and aquatic plants.

Among fertilizers, food & feed additives and industrial chemicals, fertilizer segment dominates the market by contributing 203.8 million tons in 2016 and is expected to maintain its position during the forecast period. Fertilizers comprise of different compositions of three main crop nutrients phosphorus (P), nitrogen (N), and potassium (K).

One of the major factors that are expected to hinder the growth of the phosphate rock market is the rapid depletion of these reserves and increasing demand for its derivatives as there is no other alternative for these products. The leading manufacturer in these markets is MBAC Fertilizer, Potash Corp, Phosphate Resources Limited, Grange resources, Mosaic, WENGFU Group, Agrium, Shaw River Manganese, Anglo American, and Sterling Group Ventures Inc.

Hexa Research has segmented the global phosphate rock market based on application and region:

Segmentation by application, 2014 - 2024 (Kilo Tons) (USD Million)

• Fertilizer

• Feed & Food Additive

• Industrial Chemicals

Segmentation by region, 2014 - 2024 (Kilo Tons) (USD Million)

• North America

• U.S.

• Europe

• Russia

• Asia Pacific

• China

• India

• Central & South America

• Middle East and Africa

• Morocco

Key players analyzed:

• MBAC Fertilizer

• Potash Corp

• Phosphate Resources Limited

• Grange resources

• Mosaic

• WENGFU Group

• Agrium

• Shaw River Manganese

• Anglo American

• Sterling Group ventures Inc.

Browse Related Category Market Reports @
https://www.hexaresearch.com/research-category/agrochemicals-and-fertilizers-market

The Third Party Logistics (3PL) Market is expected to grow at a CAGR of over 5 % during the forecast period (from 2016 to 2024). Rising focus on core business activities along with reduced shipping costs is expected to spur the growth of the global market. The introduction of e-commerce coupled with entrepreneurial ventures is also said to augment the demands for supply chain execution capabilities as well as specialized logistics. Various factors such as the emphasis on price and risk containment are said to hinder the market growth. In addition to this, sluggish economic growth and inconsistent freight volumes are also likely to hamper the overall market growth over the coming years. The global market is segregated as services and regions.

The services sector involves dedicated contract carriage, domestic transportation management, software, international transportation management, and warehousing & distribution. The International Transportation Management (ITM) sector led the global market in 2014 and is expected to witness reach USD 340 billion by 2024. It includes goods brokerage and value-added transport management services. The Warehousing & Distribution (W&D) sector occupied for more than 23 % of the total market share in 2014. Other sectors including refrigerated grocery coupled with pharma applications are likely to witness the maximum growth prospects for value-added warehousing services in the near future.

Browse Details of Report @
https://www.hexaresearch.com/research-report/third-party-logistics-3pl

Geographically, the Asia-Pacific third party logistics (3PL) market dominated the global market in 2014. The regional market is projected to reach USD 390 billion by 2024 growing at a healthy CAGR of over 6 % from 2015 to 2024. The European 3PL market is anticipated to reach USD 212 billion by 2024 growing at a CAGR of over 3 % during the estimated years.

The North American regional market is said to reach USD 270 billion by 2024. The region is expected to witness lucrative growth opportunities on account of steadily decreasing transportation charges and labor costs in the United States as well as Mexico. In addition to this, rapid improvement in technology logistics software is said to boost the growth of the market across the region in the next few years.

The major players in the third party logistics (3PL) market are Expeditors International; UPS Supply Chain Solutions; and Kuehne + Nagel International AG.

Browse Related Category Market Reports @
https://www.hexaresearch.com/research-category/communication-services-industry

The global Power Transformer Market size was projected over 11, 295 units in 2015. It would grow at nearly 6.1 percent CAGR during 2016 to 2024. The market, with regards to size, was over USD 18 billion in 2015. It finds usage across mining, chemical plants, etc. Wider demand for these transformers from the aforementioned applications should drive the market in the forecast period (2016 to 2024).

Demand for electricity from developing & developed nations coupled with higher infrastructural spending is likely to be the key market propeller. Supportive ‘smart grid’ policies have furthered the demand for smart meters, thus promoting market sales. Moreover, regulations for the installation of sophisticated ‘power transformers’ can raise market demand in the near future.

In addition, improvisations in existing power grids for enhancement of ‘energy efficiency’ and reduction of ‘losses’ may assist market demand. Conventional transformers are unsuitable for meeting technical & ecological demands. They could be substituted with bio-friendly products due to their innovative & safety features.

Browse Details of Report @
https://www.hexaresearch.com/research-report/power-transformer-market

Developed regions are witnessing growth in cross-border electricity business, incorporating wind & other renewable energies. This boosts the ‘load flow’ on aging systems, thus driving market growth. Load amplification and huge supply & transmission losses raise the demand for sub-stations. Owing to consistent power supply demand and fiscal expansion in some nations, power demand is estimated to experience a healthy CAGR in the coming years.

Volatility in feedstock costs may hinder the pace of the worldwide power transformer market. The market is categorized into products and geographies. In terms of products, 100 MVA to 500 MVA output power occupied around 68 percent shares in 2015 and dominates. It was anticipated to undergo profits at nearly 6.4 percent CAGR over the next few years.

This segment’s adoption across transmission & supply networks for step-up and step-down applications increases its demand. 801 MVA to 1, 200 MVA is likely to grow at more than 5 percent CAGR from 2015 to 2022. The same can be attributed to escalating energy demand from Brazil, India, China, & other emergent countries.

With respect to geographies, Asia Pacific stood worth USD 7 billion in 2015. It is expected to be lucrative till 2024. The North American power transformer market will be propelled by industrialization in the United States.

Browse Related Category Market Reports @
https://www.hexaresearch.com/research-category/semiconductors-industry

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