Market Research

  The global infrared market  in 2017 is $391.6M in 2017 and is estimated to grow at a CAGR 15.1% during the forecast period 2018-2023. The   photo diode market   holds the largest market share and generated highest revenue of 98.4M and is estimated to grow at CAGR of 10%. Increasing demand for home automation products, growth of   process automation   industry and the increasing usage in wireless communication are the key growth factors for IR sensors. What is infrared sensor? An infrared sensor is an electronic instrument which is used to sense certain characteristics of its surroundings by either emitting and/or detecting infrared radiation. Infrared sensors are also capable of measuring the heat being emitted by an object and detecting motion. Infrared sensors are components which can detect and produce light in the IR wavelength range. IR sensors have IR light source, medium, optical components and the IR detector. The medium can be a vacuum in case of...

Web Conferencing Market Overview: Every business in the current scenario is trying to make an active online presence as the world advances towards a society where hardly anyone is technologically challenged and seeks for products online instead of going to a local store. These enterprises make enormous usage of web conferencing software available easily online in order to connect with their clients and hold webinars in order to educate them on the products that they are selling. Key market players have capitalized on this opportunity and introduced better features in their apps or websites for web conferencing. In the year 2016, in order to acquire more customers for web conferencing, Google increased the number of participants in Google Hangouts from 10 to 25. This made it make a name in the global web conferencing market and procure a large consumer base. In the year 2018, the  web conferencing market  size stood at  $9.67 billion  and is evaluated to increase with...

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

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