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Wind Turbine Inspection Services Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–2025
Hydroelectric power plants and wind energy are among the most widely used renewable forms of energy sources. Hydroelectric power generation, which is the largest used renewable power source, is limited owing to the inadequacy of the generating resources to meet the global demands. Wind energy is available abundantly and can be used to meet the global energy demands. Requirement to harness these resources consistently, and maintain the high energy efficiency of these through the turbine life cycle is expected to drive the demands for related inspection services through the forecast period.
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Increasing deployment for the energy source across the globe will drive the wind turbine inspection services market growth
According to Global Wind Energy Council (GWEC), the total installed capacities of these farms was over 485 GW is expected to surge significantly over the coming years. According to Coherent Market Insights analysis, the total installed capacities would increase over double the installed capacities in 2016, by 2025. Turbines are highly crucial components for the energy generation and comprise number of smaller components that includes gearbox and generator, which are necessitated to be serviced and inspected on regular intervals to safeguard the optimal efficiency and performance. Thus, to ensure longevity and accurate information regarding the energy generation, farm contractors and operators are expected to drive the service industry requirements.
Wind Turbine Inspection Services Market Taxonomy
On the basis of services, the global wind turbine inspection services market is classified into:
Quality assurance & quality control
Nondestructive examination (NDE)
Condition assessment/inspection
Process safety management
Outage & turnaround support
Vendor evaluation & product assurance
Welding & corrosion engineering
Inspection drones incorporated with advanced monitoring equipment and artificial intelligence is expected is among the key trend gaining traction in the industry applications
Wind turbine examination drones are small sized unmanned aerial vehicles that are utilized to accumulate information and images for the assessment, monitoring, mapping, and analysis of blades, towers and nacelles. Conventional methods for the examination includes the employment of specific teams suspended through cables and rope supports, using field telescopes and binoculars for the task. In conjunction with the human life risks, the method has several limitations such as difficulty to access some areas, exclusion of blade defects assessment invisible to the naked eye. Elimination of these drawbacks through utilization of these drones is expected to present considerable growth prospects for this market.
Integration of artificial intelligence (AI) in these drones to reduce the workflow errors and enhance detailed analysis within few hours is among the key trends gaining traction in industry. However, stringent regulatory standards against the use of these drones in some major economies such as FAA regulations in the U.S., regulations regarding VLOS and BVLOS and other regionally distinct regulations will present considerable growth to the drone adoptions.
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Noise pollution and threat to wildlife, specifically flying creatures such as bats, birds, etc., are some of the major drawbacks that may hamper the industry growth rate
These energy sources cannot be used to meet the base load demands, without the additional investments for the energy storage. However, this may add up to the initial high investment required which is considerably higher in comparison to establishment of conventional energy plants. These factors are expected to consistently hinder the adoption of these means to generate the energy which will consequentially negatively impact the wind turbine inspection market growth.
Asia Pacific is expected to dominate the overall industry growth through the forecast period
China contributes to over 37% of the global installed units for the power generation accounting for over 168.73 MW in 2016, as per the GWEC. India contributed to the world’s fourth largest installed units. High deployments in these major emerging economies in the region is expected to attract significant investments in these economies. Other major attractive economies for the wind turbine inspection services include the U.S, Germany, Spain, UK, France, Canada, and Brazil.
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Chief industry participants include Intertek Group Plc., UpWind Solutions Inc., Technical Wind Services Ltd., INVISO Services Ltd., Cenergy International Services LLC, UL International GmbH, ASC Engineering Service, Advanced Cleaning Technology Ltd., MISTRAS Group Inc., Midwest Underground Technology Inc., and MFG Energy Services.
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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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Motorized Control Valves Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–2025
Motorized control valves are commonly used in small and large hydronic heating and cooling systems. These are utilized to remotely control the flow of fluids and gases accurately through an electric actuator. The difference in the operating mechanism of other mechanical stopcocks and these components lie only in the actuation inputs. Motorized control valves find significant applications in industrial sector that includes, water and wastewater treatment, oil & gas industry, chemical manufacture, and power generation.
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Increasing awareness regarding the implementation of automation, which helps in increasing efficiency and reducing downtime, will create considerable demand over the forecast period
Motorized control valves market has witnessed significant adoption rate in the oil & gas industry, primarily owing to the utilization of smart valves that are integrated with smart sensors and embedded processors. These advancements allow the industries to establish efficient networking capability and enable remote monitoring of the industry operations. Moreover, real time update, reduced human workforce interventions, ability of these systems to provide actionable solutions for preventive maintenance, and minimal downtimes are projected to drive the overall industry demand throughout the forecast period.
Motorized Control Valves Market Taxonomy
On the basis of product type, the global motorized control valves market is classified into:
Butterfly valves
Gate valves
Ball valves
On the basis of end-use industry, the global motorized control valves market is classified into:
Oil & gas
Water and wastewater
Power generation
Mining
Chemicals
Foundries
Others
Integration of diagnostic functions to monitor the performance and efficiency of motorized control valves has witnessed high adoption in industries to improve the plant production output
Utilization of these diagnostic functions helps in accessing information from plant parameters that helps in important decision making for the improvement of plant output efficiency. Industrial applications that include chemical and oil & gas that require enhanced safety and monitoring to prevent losses and meet the production demand are expected to drive the motorized control valves market growth.
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Oil & Gas dominated the end-use industry segment in 2016 and is expected to continue its dominance over the next few years
Owing to the increasing deployment of motorized control valves to measure and monitor the oil & gas flow, oil & gas is expected to remain the most attractive end-use industry over the next few years. According to The World Bank, over 54% of the global population resides in urban area, which is expected to witness significant growth over the next decade. This in turn will lead to considerable growth in demand for portable water and wastewater treatment plants, which is estimated to bolster the motorized control valves market growth over the forecast period. Developing economies that project high urbanization rate, specifically China, India, Indonesia, Brazil, Russia, and Mexico, are expected to create significant demand for motorized control valves.
Butterfly valves dominated the overall industry share by product owing to lightweight, high efficiency, and application of these components in chemicals, water and wastewater treatment, and F&B industries
Asia Pacific is expected to present significant growth prospects over the forecast period, primarily owing to high urbanization rate and significant population base in the region. Moreover, significant increase in industrialization and manufacturing activities in the region, specifically in China, India, and Indonesia will present strong growth landscape over the forecast period.
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Chief industry participants in the motorized control valves market include Danfoss, Cair Euromatic Automation, Emerson Electric, and Pentair. Other prominent vendors include Belimo, Marsh Automation, Hitachi, Honeywell, Avcon Controls, Schubert & Salzer, BI-TORQ Valve Automation, Rotork, Flowserve, Hansen Technologies, and A.u.K. Müller GmbH. The market is fragmented in nature with several regional players competing international vendors in the industry segment. Industry participants are increasingly focusing on reducing the overall operational expenses through minimizing raw material consumption and reducing overall production time. Utilization of simulation software to estimate the exact operational outputs and customization requirements is a key trend identified in the market. Use of simulation in the designing and manufacturing stages are featured to reduce the time consumption by 30% as compared to the conventional methods.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Contact Us
Mr. Shah
Coherent Market Insights 1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]
Website: https://www.coherentmarketinsights.com/
#Motorized Control Valves Market#Motorized Control Valves Market Trends#Motorized Control Valves Industry Insights#Motorized Control Valves Market Opportunity Analysis#Motorized Control Valves Market share
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VoIP Services Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–2025
VoIP services utilize broadband networks for communication through packet switched telephone networks (PSTNs) that provide better efficiency in relation to conventional circuit switch networks. These allow users to make IP calls through mobile networks such as 3G, 4G and LTE and stationary networks such as wireless hotspots, WLAN and WiMAX. It enables low cost international calls without the requirement of extra infrastructures such as DSL modems and Pcs.
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Growing hybrid cloud communication in enterprises and rising portable devices is expected to prominently drive growth of the VoIP services market
Proliferating high speed internet infrastructure to enable speedy operations for both individual and enterprise usage has in turn led to considerable positive impact on the industry growth. Moreover, expansion of large enterprises to strengthen their businesses is likely to influence increased inclination towards hybrid cloud infrastructure for efficient communication. Growing usage of phablets and other portable devices will provide significant growth prospects to VoIP services market over the forecast period.
Business related travels, specifically for the manufacturing and IT & telecom industry, have witnessed considerable surge over the past few years. According to Global Business Travel Association (GBTA) reports, business travel spending has witnessed over 7% increase over the last two years, is expected to witness 7.1% growth in 2017. Owing to increasing business operations across several locations, requirement to provide efficient and inexpensive communications is expected to drive the enterprise and individual VoIP services market, for both domestic and international calls.
VoIP Services Market Taxonomy
On the basis of call type, the global VoIP services market is classified into:
International
Domestic
On the basis of service, the global VoIP services market is classified into:
SIP Trunking
Hosted IP PBX
Managed IP PBX segment
Others
On the basis of configuration, the global VoIP services market is classified into:
Computer-to-Computer
Computer-to-Phone
Phone-to Phone VoIP
On the basis of end user, the global VoIP services market is classified into:
Individual User
Corporate User
Small & Medium Enterprises (SMEs)
Large Enterprises
(Media, Gaming and entertainment)
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International VoIP calling are expected to propel the demand for VoIP services market
International calling through conventional circuited switch networks can lead to major expenses. However, international calling through voice over internet protocol are available at relatively economical rates. Computer to computer calls with an efficient broadband connection can be made free, while PC to phone calls can be provide at low costs. Industry participants are increasingly providing attractive schemes for free calling within a geographical region with a monthly subscription charge. Moreover, these are used to enable enhanced video calling and conferencing experiences at economical costs. Owing to these factors and simplicity in installation, configuration and maintenance, VoIP services market is expected to find huge consumer motivation over the forecast period.
Security challenges are expected to hamper the overall industry growth
Among the prominent security challenges in VoIP service market identity and service theft, viruses, malwares, spamming, phishing and call tampering are expected to present considerable challenge to the industry growth. Moreover, conventional phone calling can help in tracing the location of the user. For instance, in the U.S., calling on 911 emergency, is enabled with tracing the location of the user in the scenario if the person is unable to speak. However, during the data transfer from IPs, there is currently no means to trace the location call origination.
Lack of servicing ability in instances of power outage and inefficient internet connectivity are some of the other factors that may hinder growth of the VoIP services market. Owing to these factors, conventional mobile networks are expected to remain the primary means of communication over the forecast period.
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Insecurity amongst the regional telecommunication industries and government bodies are expected to present major growth challenge
Owing to the difference in the technological process, these offerings do not fit under the conventional telecom regulations, presenting major challenge for the regulators and the judicial bodies. Moreover, increasing usage of internet for voice telecommunication has led to increased business insecurity among the telecom industry participants. In countries such as China, Costa Rica, Belarus, and South Africa these services are banned by law, with a penalty levied on the users and the VoIP service provider. This is expected to be the major challenge that would hamper the overall VoIP service market growth.
Major participants in the VOIP services market include Viber Media, Avaya, Nextiva, InPhonex, Vonage Holdings, Sprint Corporation, AT&T, Microsoft Corporation (Skype), Verizon Communications, 8×8 Inc., RingCentral, Vonage Holdings Corporation, West Corporation, Thinking Phone Networks, and Phone Power.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Contact Us
Mr. Shah
Coherent Market Insights 1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]
Website: https://www.coherentmarketinsights.com/
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Wafer Inspection Equipment Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–2025
Wafer inspection equipment is fabrication system utilized for the detection of defects during the semiconductor wafer manufacturing processes. Increasing application of electronic semiconductor ICs in consumer electronics, industrial, automobile segments and related R&D activities is expected to drive the increased demands for the production. Requirement to maintain the quality of products and the client satisfaction is expected to remain the primary factor that would fuel the wafer inspection equipment market growth.
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Proliferation of wireless computing devices are expected to primarily contribute to the industry growth
Advanced wireless networking technologies such as 3G, 4G, Bluetooth, ZigBee, and wireless LAN have enabled fast and easy data transmission. Smartphones, tablets, wearables and sensors integrating these technologies have witnessed significant demand increase over the past few years. In conjunction with the demands for high level integration and development of new designs to provide support to multiple application on single platforms, intensive industry competition has led to increased demands for better quality and least defects in the semiconductor devices. Moreover, increasing demands for high performance chips for mission critical applications in industries and R&D activities will present considerable growth opportunities for the wafer inspection equipment market through the forecast period.
IoT, and digitization are the major trends expected to transform the globe, which would require semiconductor technologies as the basis of their framework. Smart connected TVs, vehicle automation, kitchen automation, smart city, smart grids, are among the many such IoT concepts that are expected to gain traction over the next few years. This will increase demand for the electronic product manufacturing, which will in turn fuel the wafer inspection equipment market growth.
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Wafer Inspection Equipment Market Taxonomy
On the basis of technology, the global wafer inspection equipment market is classified into:
E-beam
Optical
On the basis of wafer type, the global wafer inspection equipment market is classified into:
Unpatterned wafer
Patterned wafer
On the basis of end user, the global wafer inspection equipment market is classified into:
Integrated device manufacturers
Memory manufacturers
Foundries
Advent of 3D finFETs, NAND and advanced DRAMs technologies are expected to present considerable growth challenge to the industry growth
Optical and E-beam are complementary technologies that perform distinct operations in the workflow. optical has fast throughputs and finds great applications in the end use. On the other hand E-beam helps in detection of smallest defects, however the throughputs are low. Owing to these features, it finds substantial applications in R&D activities. Increasing demands for advanced computing and processing has led to development of 3D finFETs, NAND and advanced DRAMs, which requires the tools to assess complex structures. Wafer assessment on the scales below 10 nm is extremely difficult, and in case of overlooking of the smallest error can impact the end use. This is expected to be major industry growth challenge over the next coming years.
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Asia Pacific to be key growth engine of the wafer inspection equipment market
Asia Pacific is the largest hub for the electronic semiconductor manufacturing activities, driven by the extensive production demands specifically in the countries that include China, Taiwan, Japan and South Korea. Moreover, the region is also attributed with the presence of key electronic industry participants such as Samsung, Sony, Toshiba, Panasonic, among many others, which will help the region sustain its dominance over the next few years.
U.S. is expected to contribute to major industry share in the industry growth primarily owing to the major inclination of the users towards innovative technologies such as connected vehicles, industrial automation and other process automation. Moreover, the region is also characterized with the presence of major tech giants that include, Google, Tesla, Qualcomm, Texas Instruments, and GlobalFoundries among many others, which will provide consistent demands for the wafer inspection equipment market.
Key players in the wafer inspection equipment market include Applied Materials, Zeiss Global, Hermes Microvision (ASML), FEI (Thermo Fisher Scientific), KLA-Tencor, Hitachi High-Technologies, JEOL, Lasec Corporation, Lam Research, Nikon, Nanometrics, Planar Corporation, Tokyo Seimitsu, Rudolph Technologies, and Toray Engineering.
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Contact Us
Mr. Shah
Coherent Market Insights 1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]
Website: https://www.coherentmarketinsights.com/
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Gas Cutting Machine Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–2025
Gas cutting machine finds significant end-use industry applications for the processing of carbon and low alloy steels such as aerospace, automotive, steel processing industries and shipping among few others. The consumables and equipment for the welding processes are similar to this equipment, except the welding torch is replaced by the cutting torch which is incorporated with a high pressure oxygen tube. Extensive range of applications that include grooving weld joint metal designs, making edges of metal sheets, cut rivets, risers, and many other are expected to drive the demands for these industrial instruments.
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Ease of portability and incorporation of multiple torches for increased functionality are expected to garner high adoption rates over the forecast period
The equipment can be used to cut metals in small sizes and shapes, which is rather cumbersome using other mechanical methods. Incorporation of multiple torches can be used to cut multiple number of metal profiles simultaneously. Moreover, some machining alternatives provide easy portability that find large applications for field operations. In conjunction with these characteristics, fast operations and relatively low cost requirement in comparison to other mechanical procedures, gas cutting equipment market is expected to witness major traction over the next few years.
Gas Cutting Machine Market Taxonomy
On the basis of machinery, the global gas cutting machine market is classified into:
Portable
Stationary
On the basis of end use industries, the global gas cutting machine market is classified into:
Aerospace
Automotive
Machinery manufacturing
Recycling
Steel processing
Energy
Sheet & structural metal
Architectural
Ship building
Others
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Proliferating demands from end-use industries will provide the necessary traction over the next few years
Global increase in the average per capita income over the past decade has led to increased consumer buying power. Increasing global air traffic, commercial and personal automotive, defense expenditure, scraping of old aircrafts and ships, and shipping, specifically in countries that include China, India, Indonesia, U.S., and Middle East countries among few others. Owing to these factors, multi-billion dollar end user industries such as automotive, aerospace & defense, metal processing and ship building are expected to witness significant demand growth. Requirement to meet these production demands, industries will invest in industrial process tools and equipment, which in turn will drive the demands for the gas cutting machine market.
Limitations such as requirement of ventilation spaces and advent of 3D technology is expected to hamper the growth prospects
Gas cutting equipment market growth is anticipated to be hindered by several technical limitations. These drawbacks include its usage limited to steel and cast iron materials, low dimensional tolerances, requirement of adequate flame control and proper ventilated spaces for its operations. Moreover, red hot slag and heat generated in the process also presents burn and fire hazards to the users and the industry. Advent 3D technology is featured with several advantages over the conventional technologies such as minimum material wastage, savings in terms of raw material costs, and high ROI, is anticipated to witness large adoption for industrial applications. Utilization of laser technology for its operations will present major challenge to the gas cutting machine market growth.
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Stationary gas cutting machine is expected to dominate the market over the forecast period
High reliability for extensive workloads in the industrial usage is expected to be prominent factor driving the growth of the stationary mechanism. These instruments find increased applications for the workloads that require long time and offer efficient and simple means for product development. Owing to these factors, stationary equipment segment dominated the overall market share in 2016.
Asia Pacific will continue its dominance in the gas cutting machine market share
Presence of major emerging economies that specifically includes India and China that have witnessed significant investments in industries and manufacturing activities is expected to provide strong industry traction in the region. Moreover, low cost labor availability and increasing government activities to enhance free and fair trade in the region will in turn lead increased industrial manufacturing activities. For instance, One Belt, One road initiative in China and Sagarmala project in India are expected to provide significant boost to trade. This will in turn drive the demands for industrial processes and gas cutting machine market over the forecast period.
Key market participants in the industry include ESAB, Koike Aronson, Hornet Cutting Systems, Messer Cutting Systems, Ador Welding, Haco, Harris Products Group, Shangai Welding & Cutting Tool Works, SteelTailor, and Voortman Steel Machinery.
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