Category Archives: Uncategorized

Hospital Lighting System Market Size, Share, Trends, Application, Demand, Key Players and Growth by 2023

The hospital lighting system market is expected to reach $8.5 billion by 2023, growing at a CAGR of 7.6% between 2017-2023. The increasing investment in lighting of hospitals by government and private players is one of the prime growth factors of its market. Lighting in hospitals can affect task performance, well-being and patient health. It also makes a major impact on visitors to feel whether the space is clean and safe and is capable enough to offer better treatment for faster recovery.

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Emergency Lighting Market Size, Share, Trends, Growth and Demand Forecast 2023

Emergency Lighting Market is projected to reach $7,900 million by 2023, growing at a CAGR of 7.9% during 2017 – 2023.

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The author estimates that the size of global emergency lighting market is likely to grow from $4.5 billion in 2016 to reach $7.9 billion by 2023, at a CAGR of 7.9% during 2017 – 2023. Booming urbanization gives birth to the inevitable need for solutions that make livelihood safe and secure. Emergency lighting is one such product whose demand is growing considerably, with the up ticking per capita income of the consumers globally. The rapid growth in construction projects can be cited as an instrumental factor for the growth of the market.

Smart Lighting Market Size, Share, Trends, Growth and Demand Forecast to 2023

Smart lighting market is forecasted to reach $27,064 million by 2023. The growth is attributed to the rising interest of consumers towards the adoption of automation technologies such as internet of things (IoT), and increase in affordability and availability of smart automation technologies, globally.

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The smart lighting market is categorized into lighting source, communication medium, product, application, and service. The global market is driven by the new innovations and rapid increase in sales of smart light emitting diode (LED) solutions. In 2016, LED as an efficient lighting source contributed largest revenue to this industry and it is expected to witness highest demand during the forecast period. Smart LED based lighting solutions enable users with digital control using a programmable microcontroller-based lighting architecture.

GNSS Chip Market Size, Share, Trends, Growth and Demand Forecast to 2023

GNSS chip market is forecasted to reach $5,538.5 million by 2023, Geographically, the GNSS chip market is expected to witness the fastest growth in Asia-Pacific. Rise in demand of electronic, wearable and connecting devices, growing need for precise and real-time data along with the growing popularity of IoT are some of the major factors to have a significant positive impact on the industry.

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Integrated Passive Device (IPD) Market Size, Share, Trends, Growth and Demand Forecast to 2023

The global integrated passive device market is expected to register high growth during the forecast period, with the market projected to reach from $901.5 million in 2016 to $1,572.3 million by 2023, witnessing a CAGR of 8.4% during 2017-2023.

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Integrated passive devices are widely used for applications such as digital and mixed signals, LED lighting, RF applications and ESD/EMI protection. Of them, the digital and mixed signal applications led the market in 2016, and is expected to remain the largest market during the forecast period as well, majorly on account of the increased electrical performance requirements. Moreover, integrated passive devices offer miniaturization, cost reduction and added functionality benefits that are likely to create positive outlook for this market.

Hydraulic Press Machine Market Size, Share, Trends, Growth and Demand Forecast to 2023

The global hydraulic press machine market is expected to register a CAGR of 4.8% during 2017 – 2023 and reach a value of $11,733.2 million by 2023. Hydraulic press machine refers to a mechanical device used in industrial manufacturing processes. These machines are widely used in several industries including automotive, military and ceramics to perform various tasks such as coining, blanking, stamping and embossing.

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Hydraulic press machines are also used in metal fabrication and metal extrusion processes. The level of force offered by hydraulic press machines cannot be duplicated with pneumatic and mechanical presses.

Grow Lights Market Size, Share, Trends, Growth and Demand Forecast to 2023

Global grow lights market is expected to reach market size of $5,954.1 million by 2023, The market is expected to witness high growth with increasing indoor farming practices and growing demand for grow lights growth chambers due to surging population. The need of economical grow light technology in cities, increasing government support for the adoption of LED lights, rising disposable income among consumers in developing countries, and surge in per capita global GDP over the years, are expected to boost the growth of grow lights market during the forecast period.

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Cryocooler Market Size, Share, Trends, Growth and Demand Forecast to 2023

The global cryocooler market is expected to reach $2,365.8 million by 2023, registering a CAGR of 7.3% during 2017 – 2023. Cryocooler refers to the mechanical device, used to generate cryogenic temperature and offers cooling to the environment and materials inside it. It follows the closed cycle thermodynamic mechanism and utilizes the flow of gas inside closed pipelines, absorbs the outer temperature and radiates it outside. The device typically uses helium, hydrogen or a mixture of gases to offer cryogenic temperatures.

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Infrared (IR) LED Market Size, Share, Trends, Growth and Demand Forecast to 2023

The global IR LED market is expected to reach $784.8 million by 2023, registering a CAGR of 14.3% during 2017 – 2023. An IR LED refers to infrared light emitting diode, which appears similar to the common LED, with the only difference that it emits light in infrared range of the electromagnetic radiation spectrum. Such LEDs are mainly composed of gallium arsenide or aluminum gallium arsenide. These LEDs, along with IR receivers, are usually used as sensors. IR LEDs are widely being used in the biometric ID applications, military applications and surveillance applications.

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IoT Chip Market Size, Share, Trends, Growth and Demand Forecast to 2023

The global IoT chip market is likely to grow from $4,582.6 million in 2013 to $17,285.3 million by 2023. Concept of IoT is rapidly being adopted by several industries in order to provide ease and efficiency of work. Integration of connectivity competence in large number of devices and applications and development of various networking protocols have appreciably spur the growth of IoT chip market.

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