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Reed Sensor Market estimated to be worth $2.30 billion by 2023

The overall reed sensor market is expected to grow from USD 1.49 billion in 2017 to USD 2.30 billion by 2023, at a CAGR of 7.40% from 2018 to 2023.

Download PDF Brochure:-https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=139248048

Automotive & Transportation

Automotive and transportation is one of those applications where reed sensors are extensively used for various purposes. The reed sensors are used in vehicles such as heavy-duty trucks, airplanes, trains, motorcycles, E-cars, and E-bikes. The reed sensors can be deployed for measurement of brake pressure, coolant level, windshield, tire pressure monitoring, liquid level detection, HVAC controls, and emissions, among others. Apart from the basic functions in a vehicle, it is used in seat belt detection, anti-theft alarm, and door latch sensors, among others.

Consumer Electronics & Appliances

Reed sensors are used for various applications such as consumer appliances, HVAC, and lighting. In appliances, reed sensors are used

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Rockwell Automation (Us) And Honeywell (Us) are the Major Players in the Industrial Sensors Market

The industrial sensors market is expected to be valued at USD 16.0 billion in 2018 and is likely to reach USD 21.6 billion by 2023, at a CAGR of 6.16% during the forecast period.

Rockwell Automation (US) and Honeywell (US) are among the major players in the industrial sensors market. Rockwell Automation is a well-known and trusted company in the industrial sensors market. The company operates through 2 business divisions: Control Products & Solutions and Architecture & Software. The company is an industrial service provider with a strong portfolio including consulting, integration, maintenance, and mechanical support for process and discrete industries. The company had ~22,000 employees, worldwide in 2017. The company has its presence in more than 80 countries, serving industrial and commercial customers across the world. The company has 3 main strategic brands Allen-Bradley, Rockwell Software, and Rockwell Automation. Other than these 3 brands, the company has ~20 extended and acquir

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Ball Valves to Account for Largest Size of Industrial Valve Market, Based on Valve Type, By 2023

The industrial valve market was valued at USD 67.49 billion in 2017 and is expected reach USD 85.19 billion by 2023, at a CAGR of 3.96% during the forecast period.

The industrial valve market for cryogenic valves will grow at the highest CAGR during the forecast period. The oil & gas, energy & power, and chemicals industries are likely to have high demand for cryogenic ball valves due to their ability for quarter turn on-off operation, minimal lubrication, and capability to provide tight sealing with low torque in cryogenic fluid handling applications. Cryogenic plug valves will be highly installed in the oil & gas and chemicals industries for the isolation application, that is, to separate cryogenic media from other media.

APAC is expected to hold largest share of industrial valve market from 2018 to 2023

Emerson (US), Cameron – Schlumberger (US), IMI PLC (US), Flowserve (US), and Weir Group (UK) are among a few major players in the industrial valve market.

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Lithium-ion Battery Market: Industry Trends, Size, Share, Growth, Opportunity & Forecast by 2024

The overall lithium ion battery market is expected to grow from USD 37.4 billion in 2018 to USD 92.2 billion by 2024, at a CAGR of 16.2%. The growth of this market is being fueled by increase in demand for plug-in vehicles, growing need for automation and battery-operated material-handling equipment in industries, growing demand for smart devices and other industrial goods, and high requirement of lithium-ion batteries for industrial applications.

The study has involved 4 major activities to estimate the current market for lithium ion batteries. Exhaustive secondary research has been conducted to collect information on the market, peer market, and parent market. Validation of these findings and assumptions with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation procedures have been used to estimate the

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Insights and latest trends on Interposer and Fan-Out WLP Market- Global Forecast to 2022

The global interposer and fan-out WLP market is expected to be valued at USD 13.42 Billion by 2022, growing at a CAGR of 28.09% between 2016 and 2022.

The growth of this market is mainly driven by the rising trend of miniaturization of electronics devices; increasing demand for advanced architecture in smartphones, tablets, and gaming devices; and increased usage of advanced wafer level packaging technologies in MEMS and sensors.

Through-silicon Vias (TSVs) held the largest size of the  interposer and fan-out WLP market in 2015

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The market for memory applications to grow at the highest rate between 2016 and 2022

The use of interposer and fan-out WLP is expected to provide a cost-effective solution and drive the wide-scale adoption of this technology in potential end products. The average number of stacked dice in memory modules is likely to grow with the increasing usage of interposers. Moreover,

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Attractive Growth Opportunities in Delivery Robots Market

The delivery robots market is expected to grow from USD 11.9 million in 2018 to USD 34.0 million by 2024, at a CAGR of 19.15% during the forecast period. At present, the cost for each last-mile delivery is USD 1.60 via human drivers, which could be scaled down to USD 0.06 by utilizing autonomous delivery robots; hence, the reduction in the cost of last-mile deliveries is the key factor driving the growth of the delivery robots market.

Delivery robots with load carrying capacity of more than 50.00 kg to hold the largest market size by 2018

The high rate of adoption of delivery robots with load carrying capacity of more than 50.00 kg for e-commerce applications in the retail industry is the key factor driving the market. Apart from e-commerce applications, robots with a load carrying capacity of more than 50.00 kg are mainly used to deliver groceries and heavy parcels ordered by online shoppers. However, robots under this category need to follow a comparatively large number of regulat

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Growing trend of Industrial 4.0 and IIOT is expected to drive the Industrial Sensors Market

The industrial sensors market is expected to be valued at USD 16.0 billion in 2018 and is likely to reach USD 21.6 billion by 2023, at a CAGR of 6.16% during the forecast period. The study involved 4 major activities to estimate the current market size for industrial sensors. Exhaustive secondary research was done to collect information on market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Based on sensor, level sensor leads the industrial sensors market as major applications of level sensors, such as manufacturing and process industries, semiconductor manufacturing, automotive manufacturing, and aerospace and defense manufacturing, occupy a huge share in

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Geographic Information System (GIS) Technology to be a Game Changer in Digital Economy

MarketsandMarkets has identified some of the important industries in Europe where GIS expected to have significant impact for 2017 & beyond. These have been classified into agriculture, oil and gas, construction, transportation, utilities, mining, and others. The geographic information system (GIS) market in Europe is projected to reach USD 2.77 billion by 2023, at a CAGR of 8.2% between 2017 and 2023.

Geographic Information System (GIS) Market

To know about the assumptions considered for the study download the pdf brochure

Role of GIS in Agriculture

GIS is used in the survey of plantation crops and management of fertilizers, pesticides, and insecticides. GIS is an essential tool for mapping and managing agricultural resources as it provides analytics and assists users in decision-making for crop planning and land-resource management. GIS plays a crucial role in agriculture by increasing yields, managing agricultural resources, predicting outcomes of yield, and improving farm practices. Agricultural land mapping plays a vi

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Global Insights on Industrial Valves Market- Forecast to 2023

The industrial valve market was valued at USD 67.49 billion in 2017 and is expected reach USD 85.19 billion by 2023, at a CAGR of 3.96% during the forecast period.

Speak To Analyst@ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=256097136

Among all applications, the oil & gas industry is expected to account for the largest size of the industrial valve market during the forecast period. Recent uptrend in the oil & gas industry has boosted the demand for and increased the production of oil and gas in the Middle East and North America. Growing production of oil sands and shale gas fuels the demand for industrial valves in North America, and the increased investments in natural gas exploration and refineries are likely to boost the demand for these valves during the forecast period. Additionally, technological advancements and the adoption of more innovative valves for oil and gas transportation are the major factors that are likely to have a positive impact on the industria

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Lithium Ion Battery Market: Power capacity range of 3,000–10,000 mAh to grow at the highest CAGR

The overall lithium ion battery market is expected to grow from USD 37.4 billion in 2018 to USD 92.2 billion by 2024, at a CAGR of 16.2%. The growth of this market is being fueled by increase in demand for plug-in vehicles, growing need for automation and battery-operated material-handling equipment in industries, growing demand for smart devices and other industrial goods, and high requirement of lithium-ion batteries for industrial applications.

Power capacity range of 3,000–10,000 mAh is expected to grow at the highest CAGR between 2018 and 2024. The market for this range is expected to grow at a high CAGR due to the fact that it covers a majority of industries such as consumer electronics, electric vehicle, power tools, and aerospace & defense. This makes it more desirable in near future for numerous applications. Its heavy power capacity makes it useful for industries such as in electrical vehicles and industrial uses. The increasing market for consumer electronics and smartphone

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