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Global MEMS Gas Sensor Market Worth to Reach USD 233.9 Billion 2026 – Facts & Factors

Global MEMS Gas Sensor Market Growing Due To Technologically Superior quality and rising Demands from Industries

Gas sensors are electronic devices that are used to detect toxic or inflammable gases mostly in industrial facility They detect changes in the environment and this change is reflected in their output signal that is generally, a voltage signal transmitted to the system, and appropriate action is taken. They are often a part of a larger embedded system that is connected to an alarm or any security apparatus. One of the most commonly used gas sensors is the Micro-electromechanical system (MEMS) gas sensor. These sensors are fabricated for real-time environmental monitoring operations. MEMS gas sensor is composed of a microheater, a sensing electrode, and a sensing material. Variation in the resistance of metal oxide Nanopowder, when exposed to gases, is used as a trigger for operationalizing the security system. A recent development in the internet of things (IoT) has created further demand for the MEMS gas sensor market.

The Global MEMS Gas Sensor market was estimated at around USD 151.9 Billion in 2019, and by the end of 2026, existing and expected developments would hit valuations of around USD 233.9 Billion. The industry players and analysts predict the global MEMS Gas Sensor market growth of around 6.3% in terms of CAGR.

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All the major heavy industries work with electrical appliances such as circuit breakers, transformers, motors, furnaces, and others. These machines use inert gases for insulation purposes. Most of these inert gases are greenhouse gases and strict adherence to their emission required. MEMS gas sensors are utilized by heavy industries to detect the emission of greenhouse gases. Similarly, these industries also work with toxic and inflammable gases, leakage of it create havoc in factory and neighborhood. MEMS gas sensors are also utilized in the detection of leakage of toxic gases and for taking remedial action. Awareness about pollution and demand from society to reduce it has led to the monitoring of air quality on a real-time basis. Air quality is expressed concerning the number of pollutants like carbon mono oxide, Nitrogen Oxide, Sulphur dioxide, etc. Sensing carbon Mono oxide and nitrogen is extremely important owing to the hazardous impact of them on human health. Thus, it is expected that in the forecast period government and pollution monitoring agencies will be one of the major end-users of MEMS gas sensors. In coal mines, Coal mine methane (CMM) could be extremely dangerous for coal miners. To protect miners from hazardous accidents MEMS sensors are used in Mining.

During the upcoming years, the technological superiority of MEMS sensors is expected to create tremendous demand for MEMS sensors. The advantage of MEMS devices is their ability to perform complex functions given their small size. MEMSdevices are often used in applications such as navigation, image processing, and sound processing that are required in mobile phones. The development of the Internet of Things (IoT) technology has also boosted the demand for MEMS sensors. IoT has the tremendous requirement of tiny low-cost sensors that consumes less power and can communicate with the system in the harsh electrical and mechanical environment. The MEMS sensor completely fits this role. However, the current challenges remain in developing CMOS-compatible approaches to deposit various sensing materials on the micro hotplates.

Top Market Players

  • KWJ
  • Figaro
  • Winsen
  • AMS
  • Omron
  • K-Free Technology Limited
  • Gelest Inc

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Based on Type, the worldwide MEMS Gas Sensor market can be segmented into Inflammable Gas, Toxic Gas, Others. Among these, Inflammable and Toxic gases will occupy the leading market share followed by the other category. By Application MEMS Gas Sensor Market is divided into Chemical & Oil, Mining, Environmental, Civil Gas Safety, Others. It is anticipated that Mining and Environmental applications will be major drivers of the market followed by the chemical and oil industry. In terms of geography, the MEMS Gas Sensor market is segmented into North America, LATAM, Europe, Asia-Pacific, and the Middle East and Africa From Regional perspectives, it is expected that the Asia-Pacific region will account for the largest share of the market owing to demand from mining, manufacturing industries in China and India. Demand for the automotive and transportation industry in South Korea and Japan

Frequently Asked Questions

What is MEMS Gas Sensor?

Gas sensors are electronic devices that are used to detect toxic or inflammable gases mostly in industrial facility They detect the change in the environment and this change is reflected in their output signal that is generally, a voltage signal transmitted to the system, and appropriate action is taken. MEMS gas sensor is composed of a microheater, a sensing electrode, and a sensing material.

What are the key factors driving the MEMS Gas Sensor Market expansion?

During the upcoming years, the technological superiority of MEMS sensors is expected to create tremendous demand for MEMS sensors. The advantage of mems devices is their ability to perform complex functions given their small size. MEMSdevices are often used in applications such as navigation, image processing, and sound processing that are required in mobile phones. The development of the Internet of Things (IoT) technology has also boosted the demand for MEMS sensors

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What will be the value of the MEMS Gas Sensor Market during 2020- 2026?

The worldwide demand for the MEMS Gas Sensor market was estimated at around USD 151.9 Billion in 2019, and by the end of 2026, existing and expected developments would hit valuations of around USD 233.9 Billion.The industry players and analysts predict the global MEMS Gas Sensor market growth of around 6.3% in terms of CAGR

Which region will make notable contributions towards global MEMS Gas Sensor Market revenue?

From a Regional perspective, it is expected that the Asia-Pacific region will account for the largest share of the market owing to demand from mining, manufacturing industries in China and India. Demand for the automotive and transportation industry in South Korea and Japan.

Which are the key players leveraging MEMS Gas Sensor Market growth?

Some of the leading and top MEMS Gas Sensor companies in the global MEMS Gas Sensor market Honeywell Analytics, MSA, Amphenol, Figaro, Alphasense, ams AG , MEMBRAPOR AG, Dynament, Sensirion, Asahi Kasei Corporation, Nissha, IDT, Breeze Technologies, eLichens, Bosch Sensortec, Edinburg Sensors, GASTE, Nemoto Sensor Engineering Company Limited, and SPEC Sensors.

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Business

Global Gas Engine Market Will Surpass USD 5.82 Billion 2026 – Facts & Factors

Global Gas Engine Market Growing Due To Rising Environmental ConcernsandDiscovery of New Gas Fields

Since the industrial revolution, excessive and rampant use of conventional sources of fuels likes coal. Petrol, diesel, etc has led to pollution and environmental degradation. The ambition of the 21st century to have carbon-neutral growth and efforts to achieve sustainable development compelled us to search for alternative sources of energy which has similar performance potential as compared to conventional sources of energy and it should be environmentally friendly. Natural gas is the most practical solution available today. Natural gas is mainly consisting of methane and on combustion, it releases carbon dioxide and water vapors. A gas engine is an internal combustion engine that uses gas such as natural gas, producer gas, coal gas, and other gases as fuel. It is observed that heavy-duty engines that require continuous running are generally gas engines. Gas engines are used in power plants, heavy industries, refineries, and automotive. Due to fewer maintenance costs and efficient operation, their popularity is increasing in the market.

The Global Gas Engine market was estimated at around USD 4 Billion in 2019, and by the end of 2026, existing and expected developments would hit valuations of around USD 5.82 Billion. The industry players and analysts predict the global Gas Engine market growth of around 5.5% in terms of CAGR.

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Energy demand is increasing at a rapid pace. According to the UN report, the world population will increase to 9.6 billion in 2050. Due to this growth in population and demand for the improvement of the standard of living is expected to increase the energy demand by manifolds. Today most of our energy demand is met by fossil fuels. Usage of fossil fuel has a tremendous environmental cost which has led to accelerated climate change, excessive greenhouse gas emission, and rising frequency of occurrence of natural disasters. To neutralize these changes, a shift from traditional fuels like coal to natural gas is essential for power generation. Similarly, shifting to electrical vehicles commercially may take many years. Electric vehicle development requires a commercially viable engine, charging infrastructure, manpower for repair and maintenance. Thus, it is believed that filling this gap in shifting to a gas engine-driven automobile will play an important role. Worldwide there is a growing trend that the companies investing in green infrastructure can garner the maximum chunk of investment from investors. This investor nudged the development of a green economy is also play important role in the development of the gas engine market.

During the upcoming years, the rising demand for energy and concerns related to energy security will develop the demand for natural gas and gas-powered engines. The low cost of gas and its easy transportation and handling has created significant interest in the demand for gas-powered engines. The engine makes have responded by supplying new, purpose-built natural gas engines in sizes ranging from small light-duty engines of a few kW to low-speed two-stroke marine engines of over 60 MW. Similarly, potential reserves of natural gas are also an important factor in driving the growth of natural fuel. Exploration and extraction of shale gas from the coast of the USA have given a further boost to the research and development of gas-powered machines. However, the exploration cost of natural gas is very high and deep-sea exploration is possible only with sophisticated technology.

Top Market Players

  • Volkswagen AG
  • Renault SA
  • General Motors
  • Caterpillar Incorporated
  • AGCO Corporation
  • Volvo AB
  • Bosch
  • Mitsubishi Heavy Industries
  • Rolls-Royce Holdings plc. Ford Motor
  • Toyota Motor Corporation
  • Shanghai Diesel Engine Company Limited
  • Mahindra & Mahindra Limited
  • Fiat S.p.A.
  • MAN SE

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Based on power output the worldwide Gas Engine market can be segmented into 10–20 MW, 5–10 MW, 2–5 MW, 1–2 MW, and 0.5–1 MW. Among these, the 10-20 & 5-10 MWcategoryis expected to have the leading market share followed by the 2-5 MW category. In terms of geography, the Gas Engine market is segmented into North America, LATAM, Europe, Asia, and the Middle East and Africa. Among the regional market, it is expected due to the vast storage of shale gas reserves, North America will be leading the market of gas engines. North America is technologically advanced and has better research and development infrastructure which will benefit in expanding the market. Similarly, Europe due to its demand for cogeneration in cold climate and production of biogas is anticipated to boost the demand for the gas engine market

Frequently Asked Questions

What is a Gas Engine?

A gas engine is an internal combustion engine that uses gas such as natural gas, producer gas, coal gas, and other gases as fuel. It is observed that heavy-duty engines that require continuous running are generally gas engines. Gas engines are used in power plants, heavy industries, refineries, and automotive. Due to fewer maintenance costs and efficient operation, their popularity is increasing in the market.

What are the key factors driving the Gas Engine Market expansion?

During the upcoming years, the rising demand for energy and concerns related to energy security will develop the demand for natural gas and gas-powered engines. The low cost of gas and its easy transportation and handling has created significant interest in the demand for gas-powered engines. The engine makers have responded by supplying new, purpose-built natural gas engines in sizes ranging from small light-duty engines of a few kW to low-speed two-stroke marine engines of over 60 MW. Similarly, potential reserves of natural gas are also an important factor driving the growth of natural  fuel

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Which region will make notable contributions towards global Gas Engine Market revenue?

North America will be leading the market for gas engines. North America is technologically advanced and has better research and development infrastructure which will benefit in expanding the market. Similarly, Europe due to its demand for cogeneration in cold climate and production of biogas is anticipated to boost the demand for the gas engine market

Which are the key players leveraging Gas Engine Market growth?

Some of the leading and top Gas Engine companies in the global Gas Engine market include Volkswagen AG, Renault SA, General Motors, Caterpillar Incorporated, AGCO Corporation, Volvo AB, Bosch, Mitsubishi Heavy Industries, Rolls-Royce Holdings plc., Ford Motor, Toyota Motor Corporation, Shanghai Diesel Engine Company Limited, Mahindra & Mahindra Limited, Fiat S.p.A., and MAN SE.

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Business Technology

Global Drone Package Delivery Market Set to Reach USD 6,051 Million 2026 – Facts & Factors

Global Drone Package Delivery Market is Growing Due to Soaring Retail and E-Commerce Sector in Urban Areas and Retail Companies Leveraging New Technologies for Rapid Delivering

Drones are is an unmanned aerial vehicle and is operated with different degrees of autonomy. Drone deliveries are carried out using manually operated or autonomous unmanned aerial vehicles (UAV). Drones can be used for delivering packages, food, and beverages, medical supplies, etc. Drone is used for delivering medicinal and pharmaceutical products, food and beverages, etc. Drones have up to 4-8 propellers and are rechargeable. Drones are used for packaged delivery because these UAV’s can travel through congested streets and make sure that the product is delivered quickly.

The global drone package delivery market was valued at around USD 530 million in the year 2019 and is estimated to grow at a CAGR of approximately 42% over the projected period and is estimated to be valued at a market value of USD 6,051 million by the end of 2026.

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Drones were mainly developed for military applications in 2006. However, several federal authorities have allowed the use of drones for business purposes. In 2006, the U.S. Federal Aviation Administration issued the first permit for the use of drones for commercial purposes. Companies operating in industries like retail, logistics, and food and beverages are leveraging the use of drones for package delivery, as drones can travel faster than delivery vans through congested areas. Drones can ensure a quick delivery by flying over buildings and various types of obstacles. Drones are being used by companies for quick delivery in areas where delivery cars and vans are unable to reach. In 2019, Prime Air received permission to fly R&D missions in specific flight areas. Also, United Parcel Service (UPS), in 2020, partnered with Wingcopter to design and develop a delivery drone, which is expected to be used by United Parcel Service (UPS) for logistic purposes. In October 2019, Flight Forward, a subsidiary of United Parcel Service (UPS), was granted permission to operate a drone airline. Logistic and retail companies are looking for drones that can travel for longer durations and deliver packages to real-time locations. Further, many logistic companies are working with drone companies to develop drones with long ranges, ensuring delivery to rural areas.

One of the key driving factors for the market is the rising use of drones for commercial purposes. Logistic companies are using drones for reducing the time and costs associated with package delivery. Retail and logistic companies are more inclined towards using drones for the delivery of low cost as well as lightweight packages. Further, the development of autonomous drone technology by several companies is expected to create new avenues for the global drone package delivery market. The rise of technologies such as wireless charging, advanced battery technologies, long-range communication technologies, and the use of analytics for drone delivery is anticipated to create avenues for the global drone package delivery market in years ahead. However, complexity and technical barriers associated with operating drones as well as the high cost of UAVs are some of the factors that are restraining the market growth.

Top Market Players

  • Edronic
  • DHL International GmbH
  • Drone Delivery Canada Corp.
  • Matternet Inc.
  • FedEx
  • Zipline
  • Flirtey
  • Amazon.com Inc.
  • BIZZBY
  • Flytrex
  • Boeing
  • United Parcel Service of America Inc.
  • Workhorse Group Inc.
  • Cheetah Logistics Technology
  • Altitude Angel
  • Airbus S.A.S.
  • Wing Aviation LLC
  • Skycart Inc.
  • DroneScan
  • Fli Drone

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In terms of solution, the drone package delivery market worldwide is classified into software, infrastructure, service, and platform. Based on solutions, the service segment held the major share in the global drone package delivery market in 2019, accounting for a market share of 35% in 20199. Based on the range, the drone package delivery market is segmented into a long-range and short-range. In 2019, the short-range segment held a major share in the global market, however, the long-range segment is expected to record the highest growth over the forecasted period. Based on package size, the global drone package delivery market is bifurcated into less than 2 Kg, between 2-5 Kg, and more than 5 Kg. Based on geography, the market is segmented into North America, Europe, APAC, Latin America, and the Middle East and Africa. North America held a major share in the global drone package delivery market in 2019.

Frequently Asked Questions

What is Drone Package Delivery?

Drone package delivery is referred to as the delivery of a package using an unmanned aerial vehicle (UAV) or drone. Drone package delivery helps retailers and logistic companies in quick delivery and reducing delivery timing and cost.

What are the key factors responsible for the growth in the drone package delivery market?

The global retail and logistic industries have experienced soaring growth due to the rapid increase in e-commerce shipments around the world. This has influenced companies in adopting new technologies for ensuring fast and safe product delivery, which has been driving the global drone package delivery market.

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Which region is expected to make significant contributions towards drone package delivery market growth globally?

Asia Pacificdrone package delivery market is expected to record the fastest growth in years ahead, owing to rapid growth in the retail sector and adoption of new technologies by logistics companies in China, Japan, and South Korea. Asia Pacific held a share of nearly 28% in the drone package delivery market worldwide in 2019.

Which are the major players operating in the drone package delivery industry worldwide?

Major companies operating in the drone package delivery industry are Edronic, FedEx, Zipline, DHL International GmbH, BIZZBY, Flirtey, Flytrex, Drone Delivery Canada Corp., Amazon.com, Inc., Boeing, Matternet, Inc., United Parcel Service of America, Inc., Cheetah Logistics Technology, Altitude Angel, Workhorse Group Inc., Airbus S.A.S., Wing Aviation LLC, DroneScan, Skycart Inc., and Fli Drone.

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Business Top Stories

Global Automotive Lighting Market Will Reach USD 35 Billion 2026 – Facts & Factors

Global Automotive Lighting Market Growing On the Back of Rising Advancements in Lighting Technologies in Automobiles, Specifically in LED Lights

The light which provides better visibility in extreme conditions of weather and also during the night time is termed as automotive lighting. It helps the driver of the vehicle to identify any obstacles or to identify the rough conditions of the road. The vehicle has various types of signaling components and lighting which improves the visibility of vehicles and it also gives a stylish look to our vehicles as these components are equipped at the rear side or front of vehicles.

The global automotive lighting market was valued at around USD 27 billion in the year 2019, and with the advancements and developments in the future, it is expected to reach a market value of around USD 35 billion by the end of the year 2026. Industry experts and analysts predict that market growth would be around 5.5% in terms of CAGR value.

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As per the latest figures of the World Health Organization, around 40-50 million people get injured in road accidents and also around 1.30 million people die because of road accidents which is caused by the natural conditions of weather such as rain, fog, snow, dust, others. This has fueled the growth of the automotive lighting market as it has good visibility in these weather conditions. The government in several regions has imposed strict regulations on the manufacturers for producing superior light with components, low battery consumption, and also good illumination.

The government has imposed various strict norms regarding safety because in the night time the drivers use high beam light or bright light for better visibility which can cause a danger for the vehicle which is coming from the opposite end, and due to this reason the government bodies have imposed regulations on the manufacturer of automotive lighting to produce much more efficient lighting which cannot cause discomfort to other vehicles and which in turn helps to reduce the road accidents. However, the high cost of LED lights can hamper the growth of the automotive lighting market to a larger extent.

Top Market Players

  • Osram
  • Valeo
  • Continental
  • North American Lighting
  • Renesas
  • Lumax
  • Aptiv
  • Stanley Electric
  • Grupo Antolin
  • Keboda
  • Grupo Antolin
  • Lear Corporation
  • Philips
  • Bosch
  • Varroc
  • Hyundai Mobis
  • Hella
  • Koito
  • Denso
  • NXP
  • Gentex
  • FlexNGate
  • Federal-Mogul
  • Marelli amongst

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Based on type segmentation, the global automotive lighting market can be segmented into halogen, xenon, LED, and others. Among these LED segmented is expected to dominate the market over the forecast period as LED has lower power consumption property as compared to halogen bulbs and also manufacturers have invested in the research and development activities to develop advanced LED lights which can also replace the halogen bulbs in future. Further, based on the application the market is bifurcated into commercial vehicles, and passenger vehicles. Passenger vehicles will dominate the market in the forecast period due to the increase in production and sales of passenger vehicles globally and also the advanced lighting penetration is much higher in passenger vehicles as compared to other vehicles such as trucks, buses. In terms of geography, the market for automotive lighting is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific is expected to have a higher market share over the forecast period due to the fast adoption of consumers and high sale for automobiles in this region. Also, China and Japan have recorded the largest sales of vehicles.

Frequently Asked Questions

What is automotive Lighting?

The light which provides better visibility in extreme conditions of weather and also during the night time is termed as automotive lighting. It helps the driver of the vehicle to identify any obstacles or to identify the rough conditions of the road. The vehicle has various types of signaling components and lighting which improves the visibility of vehicles and it also gives a stylish look to our vehicles as these components are equipped at the rear side or front of vehicles.

What are the key factors driving Automotive Lighting Market expansion?

The government has imposed various strict norms regarding safety because in the night time the drivers use high beam light or bright light for better visibility which can cause a danger for the vehicle which is coming from the opposite end, and due to this reason the government bodies have imposed regulations on the manufacturer of automotive lighting to produce much more efficient lighting which cannot cause discomfort to other vehicles and which in turn helps to reduce the road accidents.

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Which region will make notable contributions towards global Automotive Lighting Market revenue?

The Asia Pacific is expected to have a higher market share over the forecast period due to the fast adoption of consumers and high sale for automobiles in this region. Also, China and Japan have recorded the largest sales of vehicles.

Which are the key players leveraging Automotive Lighting Market growth?

Some of the key players operating in the automotive lighting market include Robert bosch GmbH, Stanley electric co. ltd., Hyundai mobis, gentex corporation, koninklijke Philips N.V., lumax industries, varroc group, koiko manufacturing co. ltd., valeo, north American lighting inc., continental AG, OSRAM GmbH, hella GmbH, lear corporation, denso corporation among others. The players are focusing on joint ventures and are expanding their business globally.