Mud Logging Unit Market: Notable Developments & Geographical Outlook

Since its commercial introduction in 1939, mud logging units have become a center for monitoring formation responses to drilling process. Historically, mud logging units were the most basic type of well log. The mud logger’s command, primarily, was to describe the lithology of formation and record depth. Eventually, the scope of mud logging has expanded as additional sensors, such as weight on bit, gas chromatographs and mud pit level indicators, have begun to bring more data into logging units.

Advancements in networking systems and computing, surface sensors’ design and sample analysis have made these units quite popular in the 21st century. Though most commonly used in petroleum exploration, mud logging is also used when exploring minerals or drilling water wells where the drilling fluid is the circulating medium used to lift the hole.

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Over the coming years, the demand for these equipment will gradually increase as according to experts, the demand for natural gas is expected to increase by more than 70% by 2025, i.e. from 90 to 156 trillion cubic feet. Also, the greatest demand for natural gas would be coming from emerging economies. Given the current consumption rate, emerging economies in Asia are expected to almost triple.

However, sometimes compressed air is used as a circulating medium instead of a mud logger, which is far by most commonly used substance. Thus, an alternative and more accurate name used is “surface logging“ and those who carry out the procedure are referred to as pore pressure engineers or formulation evaluation engineers. Primarily, mud logging strives to successfully identify potentially productive sites for drilling by looking for out hydrocarbon-rich formations.

Due to increasing energy consumption, the demand for oil & gas refineries has increased globally, which are required to meet this rising demand. For instance, Russia is the largest producer of natural gas. In Asia-Pacific, Indonesia is the largest producer of natural gas and South Korea, China and India are relatively small consumers of natural gas in the region. The largest producer of natural gas in Africa is Nigeria and Egypt is the second largest producer of natural gas in Africa. In Middle East, UAE and Iran are major producers of natural gas in the region.

Companies are implementing new technologies for these equipment to maintain their position. Most of the big manufacturers are investing in this technology on account of increasing demand from oil & gas sector. Mud logging requires a good deal of diligence and attention and thus, companies are also investing in training of their employees to build their skills in this area.

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Regional Market Outlook

The global Mud Logging Unit market is segmented into the following regions – Middle East and Africa, China, India, North America, Latin America, Eastern Europe, Western Europe, Japan and South East Asia. India and China have been dominant in the Global Mud Logging Unit market mainly due to increasing demand from oil & gas industry. In North America, the USA is a prominent market due to the high demand from the natural gas industry. Eastern and Western Europe are also expected to provide moderate opportunities due to increasing awareness about Mud Logging Units. Latin America is also expected to grow with significantly high CAGR due to rising demand from countries, such as Brazil and Mexico. Growth in the Middle East and African region is expected to be considerably less as compared to the other regions.

By Segment:

Mud Logging Units are designed to provide a continuous reading of the total hydrocarbons in a gas stream and also determine the composition of the sample gas stream. Additionally, mud logging units also record and monitor drilling parameters, flow levels and mud volumes. The Mud Logging Unit market can be segmented on the basis of the following criteria:

By the type of the standard equipment-

  • Gas Excavator
  • Vacuum System
  • Total Gas detector
  • Gas Calibration
  • Optical Instrument

By Service-

  • Pressure Detection
  • Geochemical Analysis
  • Petro Physical Analysis
  • Measurement While Drilling (MWD)
  • Communication

By Application-

  • Offshore
  • Onshore

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Key Players

The key players ruling the global Mud Logging Unit market are Jindal Drilling & Industries Limited, Excellence Logging, Oil Field Instrumentation Ltd., Schlumberger Limited, SDP Services Ltd., DHI Services, Inc., Specialist Services Group, ATCO Group, Weatherford International, Naftagas Offline Services and Geolog.

Industrial Valve Actuators Market: Notable Developments & Geographical Outlook

In the 1920s, pneumatic actuators were utilized for valve control across various end-use industries. However, development of advanced process plants along with high pressure requirements and new innovations, such as gas-over-oil actuators, were developed.

Though the demand for energy is expected to stay high in the long term, the demand will be quite unstable in the short term. The oil and gas industry is facing various challenges in the overall value chain, i.e. from production to logistics and distribution. In the recent past, there has been a significant drop in oil barrel prices, manufacturers in the industry need optimization and improvement of processes to increase efficiency while adhering to the strict safety standards attached to the danger of the products handled. Small and smart technological improvements and working methods will lead to good results.

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A valve needs a means by which it can be operated (e.g. actuated or cycled). Various options are available to achieve this, which includes gears, levers, actuators and hand wheels. Valve actuators serve various functions across end-use industries, including process control, safety, automatic switching, etc.

Emergence of technological advancements have enabled the development of industrial valve actuators with remote control features. There has been continuous rise in the adoption of industrial valve actuators across various industries owing to the developments in communication systems, IIoT and sensors. Within an oil & gas industry, valve actuators with remote controlling operations are mostly utilized for deep-well and subsea applications. Further, cost of ownership in end-use industries can be reduced with the help of actuators that are available with in-built sensors.

Key Developments

  • In March 2018, IMI Precision Engineering announced that the company will showcase their latest range of IMI Norgen electric actuators
  • In June 2015, Rotork launched the 3rd generation IQT intelligent part-turn electric valve actuators
  • In May 2015, Rotork launched a new range of compact hydraulic and pneumatic valve actuators, primarily designed to perform in constrained space applications

Market Participants

Production of shale gas in the United States will continue to expand in near future, which, in turn, will lead to increased demand for industrial valve actuators. The aforementioned reasons are anticipated to provide growth opportunities for the manufacturers in near future.

Some of the key players identified across the value chain of the global Industrial Valve Actuators market include General Electric, Schlumberger Limited, Emerson Electric Co., Assured Automation, Honeywell International Inc., Rotork, Flowserve Corporation, Johnson Controls International plc, Schneider Electric, The Danfoss Group, Curtiss-Wright and others.

The global industrial valve actuators market is found to be one of the most fragmented markets as a large number of global as well as regional players are involved in the manufacturing of actuators.

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Significant Investments in the Oil & Gas Projects, Assisting the Demand for Valve Actuators

Growing investments across the value chain of the oil & gas industry is one of the prominent factors likely to support the demand for valve actuators over the near future. For instance, in March 2017, Exxon Mobil Corporation announced that it will invest around US$ 20.0 Bn through 2022 to expand its oil refining plants on the U.S. Gulf Coast.

Moreover, rising production and exploration of new oil & gas fields and augmented investments in refineries and pipelines in the Middle East & Africa and Asia Pacific and Americas region is anticipated to contribute significantly towards the growth of global industrial valve actuators market.

Key Data Points Covered in the Report

Some of the key data points covered in our report include:

  • An overview of the market, including background and evolution
  • Macroeconomic factors affecting the market and its potential
  • Market dynamics, such as drivers, challenges and trends
  • Detailed value chain analysis of the market
  • Cost structure of the products and segments covered in the market
  • In-depth pricing analysis, by key product segments, regions and by market participants
  • Analysis of supply and demand, such as top producing and consuming geographies, imports/exports and overall trade scenario in the global market
  • Analysis of the global market structure, including a tier-wise categorization of key market participants
  • Competitive landscape of the market, including detailed profiles of top players in the market

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

Regional outlook

The global Industrial Valve Actuators market is segmented into the following regions – North America, Latin America, Western Europe, Eastern Europe, South East Asia-Pacific, China, Japan, India and the Middle East and Africa. Middle East and Africa dominates the market and is expected to follow the same trend in near future owing to surging demand from end-use industries, such as oil and gas. MEA, followed by China, is anticipated to grow at a significant rate in the market in near future. North America and Europe together are expected to account for a small share in the market over the next decade. Japan in the global industrial valve market is anticipated to grow at a comparatively slow rate.

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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By Segmentation:

The global Industrial Valve Actuators market can be segmented on the basis of product type and end-use industry.

On the basis of product type, the global industrial valve actuators market can be segmented as follows:

  • Electric Actuators
  • Pneumatic Actuators
  • Mechanical Actuators
  • Hydraulic Actuators

On the basis of end-use industry, the global industrial valve actuators market can be segmented as follows:

  • Water and Wastewater
  • Oil and Gas
  • Power Generation
  • Food & Beverages
  • Chemical
  • Marine
  • Others

Laser Marking Machines Market: Notable Developments & Geographical Outlook

Industrial and manufacturing sectors demand cutting-edge and reliable equipment for production processes. One type of equipment that is rapidly becoming indispensable to many industries, is laser marking machines and systems. Laser marking machines offer permanent, faster and accurate marking and engraving solutions for metals and non-metal units. Laser marking machine utilizes various lasers for the marking, etching, and engraving of numerous products and materials for a diverse range of applications. Several industries utilize the machine to mark serial numbers, component labeling, date codes, barcodes, and individual part numbers. Moreover, laser marking machines are popular in the medical industry for titanium and stainless steel parts, though laser marking can be performed on other materials as well.

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Among laser marking machines, fiber lasers are hastily gaining popularity in various industrial applications owing to excellent beam quality, superior reliability and high efficiency. The laser marking machines are employed predominantly in electronics & semiconductor industry for the laser marking of silicon wafers, and PCBs to facilitate traceability. Requisite of high initial investment and robust infrastructure play a vital role in the further growth in the global laser marking machines market. Additionally, substantial growth is expected to witness by the laser marking machines market. Consequently, global study of laser marking machines become an important read for the companies to develop new strategies in this lucrative market.

Intense radio frequency range and hazards related to electrical shocks from device controls proliferate opportunities for manufacturers to develop user-friendly and reliable laser marking machines. Significant competition among the prominent and new market players increases the contest to enhance more market share. Strategies related to research and development activities are adopted by the companies to further gain a competitive edge in the global laser marking machines market.

Various price ranges of laser marking machines available in the market are expected to create a positive influence on the purchasing behavior of customers. Furthermore, product development which includes portable laser marking machine is anticipated to augment the growth over the forecast period. Also, the lack of alternative technologies for laser marking machines is foreseen to aid an impetus to the pace of laser marking machines market in the coming years. Additionally, profitable performance in the end-use industries such as packaging, machine tools, and the automotive industry is expected to pave new avenues for the development of the global laser marking machines market.

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Key Participants

Example of some of the market participants in the global laser marking machines market discerned across the value chain include:

  • Trotec Laser GmbH
  • ROFIN-SINAR Laser GmbH
  • ALLTEC GmbH
  • Wuhan HGLaser Engineering Co., Ltd.
  • LASEA
  • TYKMA Electrox, Inc.
  • Jinan Style Machinery Co., Ltd.
  • RMI Laser
  • Arihant Maxsell Technologies Private Limited
  • Agile Machineries Pvt. Ltd.
  • Sintec Optronics Pte Ltd
  • Laserite Ltd. (Lotus Laser Systems)

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Market Segmentation:

Global laser marking machines market can be segmented on the basis of Laser Marking Machines and regions.

On the basis of product type, global laser marking machines market can be segmented as

  • Handheld
  • Portable
  • Desktop
  • Others (Universal Type)

On the basis of laser type, global laser marking machines market can be segmented as

  • CO2 Laser
  • Fiber laser
  • Nd : YAG Laser
  • Nd : YVO4 Laser
  • UV Laser

On the basis of end-use industry, global laser marking machines market can be segmented as

  • Electronics
  • Aerospace
  • Automotive
  • Military & Defense
  • Medical
  • Food & Beverage
  • Oil & Gas
  • Others (general industrial goods etc.)

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Regional Outlook

According to Japanese industry, production by the Japanese electronics industry is foreseen to increase steadily in the coming years. However, maturity in the market is likely to impede the growth of laser marking machines market. Demand for laser marking machines is likely to come from Asia Pacific owing to surge in demand for packaging solutions. In the developed market of North America and Western Europe, innovations and technological advancements are expected to bolster the growth of individual players in the laser marking machines market. Furthermore. U.S. semiconductor industry is an important contributor to the economy of the country. Rapid scientific developments in the field of electronics is anticipated to strengthen the growth of laser marking machines market. Low penetration of laser marking machines in Middle East & Africa proliferate development opportunities for the global and regional players.

Thrust Bearings Market: Notable Developments & Geographical Outlook

A ball thrust bearing is composed of spherical rollers guided into a raceway groove and washer-like bearing rings. The bearing rings provide support and transfer the axial load uniformly. A cylindrical thrust bearing is equipped with spherical raceway in the outer ring with rollers diagonally arranged in a single row. Cylindrical thrust bearings have relatively high axial load carrying capacity and are used on the shaft with high axial load. Ball thrust bearings, on the other hand, have relatively less load bearing capacity and are often assisted by another supporting bearing. Some of the other types of thrust bearings are tapered roller thrust bearings, spherical roller thrust bearings, etc. which are have superior load carrying capacity and self-alignment properties.

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Bearings are an essential component of machines and find applications in all almost all sectors, including manufacturing, mining, automotive, aerospace, military, consumer goods, electronics, processing plants, etc. There has been significant demand for various types of bearings from different machineries and systems. These bearings are required to reduce frictional loss and ensure reliable operation. Growth in demand has compelled manufactures to continually work on the development of more reliable and application specific bearings. Also, bearings have an extensive large aftermarket as all bearings have an estimated life cycle of millions of revolutions or millions of hours of work, after which the bearing must  be replaced with a new one.

Market Participants

The global thrust bearings market is assessed to be a fairly consolidated market, with some of the major brands holding highly developed sales and distribution network. Some of the examples of market participants identified across the value chain of the thrust bearing market are SKF AB, Schaeffler Group, THK Company Limited, NSK Limited, JTEKT Corporation, Nachi-Fujikoshi Corporation, RBC Bearings Incorporated, Timken Company, Luoyang Lyc Bearing Company Limited, Federal-Mogul Holdings Corporation, European Bearing Corporation, etc.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Thrust bearings are broadly used in a variety of machines, especially in heavy machineries, such as crushers, compounders, extruders and various other machineries. Growing market for mining machines, plastic processing machines, food processors and other associated machines is anticipated to create substantial market for thrust bearings during the forecast period. A typical car uses many thrust bearing in wheels, engines, transmission and various other components and thus, growth in automotive production will be an influential factor for the growth of the thrust bearing market. Aerospace applications require high grade bearings to ensure precise and reliable functioning of every component, which results in high replacement rate of bearings and other components.

The global thrust bearing market is anticipated to witness significant growth in near future, mainly driven by rising demand from both OEMs and aftermarkets. Also, growing efforts for developing more reliable bearings are also intensifying the competition among players participating in the global market.

By Segmentation:

Thrust bearing are available in different bore diameters, outer diameters, dynamic and static load ratings. The thrust bearing market can be segmented as follows:

By Type

  • Ball Thrust Bearing
  • Single Direction
  • Double Direction
  • Cylindrical Roller Bearing
  • Spherical Roller Thrust Bearings
  • Tapered Roller Thrust Bearing

By Series Type

  • Extra light
  • Light
  • Medium
  • Heavy

By Cage Type

  • Steel Cage
  • Brass Cage

By Sales Type

  • OEMs
  • Aftermarket

By Application

  • Manufacturing & Metal Processing
  • Plastic Processing Machines
  • Food Processing Industry
  • Oil & Gas
  • Automotive & Locomotive
  • Aerospace
  • Pumps and Compressors
  • Mining Machines (Crushers) & Earth Moving Equipment
  • Consumer Appliances
  • Others

Region-wise Outlook

The estimated size of global bearing market is somewhere between US$ 45 – 50 Bn, with Asia Pacific being the largest market owing to its widespread customer base. Asia Pacific is followed by Europe, North America, Latin America, MEA and Japan. The demand for thrust bearings majorly depends on industrial demand and the demand for repair & maintenance of machines equipped with the designated thrust bearing. At country level, Germany is anticipated to be the largest market in Europe whereas the U.S is anticipated to dominate the demand in North America market. China, Japan and India are expected to grab larger pies in the Asian Market and China is expected to be the most dominant country in the global market.

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Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

Marine HVAC System Market Competitive Growth Strategies Based on Type, Applications, End User and Region

As the climatic condition at oversea is relatively humid and warm so marine HVAC system is of great importance to control the on-board temperatures and humidity in any marine vessel, such as cruise ship, cargo ships, warship or offshore marine facility and platforms. Moreover, as the humid surrounding degrades the efficiency of the people on board and also corrode the cargo, machinery, and equipment of the ship increasing the maintenance cost, to avoid this HVAC system become a necessity for the marine industry these days. HVAC system contributes a lot towards the maintenance of the fresh, clean air of desired temperature and humidity for the crew, passengers as well as machinery.

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Marine HVAC systems are different from most of the land HVAC systems, as the marine HVAC systems are generally water cooled and not air cooled. It may be due to the fact that, on a ship, there is limited availability of space and abundance of water.  Moreover, in luxury ships such as cruise, the expectation of passenger is to have an experience of a lifetime. Which include high expectation towards the luxury and comfort and the indoor climate is part of the overall impression. In short, an effective HVAC system is a key contributor to the comfortable journey as well as successful vessel operation.

Marine HVAC System Market: Dynamics

The shipping industry depends upon international trade, economic fluctuations, commodity pricing as well as global demand dynamics. The shipping industry is expected to have a bright future owing to flow of strong trade and investments. Moreover, in the present era of globalization, transportation and trade are major contributors to the economic growth. This will lead to increase in the demand for shipbuilding, shipping, marine equipment and services in the forecast period, which in turn will drive the marine HVAC systems market.

Moreover, research and development are expected to be the key factors catering the growing need of energy from the diverse sources. The offshore renewable energy equipment platforms and oil platforms are expected to grow significantly to meet the global demand, which will positively impact the marine HVAC system market. Also, growth in transportation, travel and leisure sector is an important driving factor associated with the marine HVAC systems market.

However, high initial investment in the installation of HVAC systems can act as a restraint to the HVAC system market over the forecast period. Also, the shipping, trade, and shipbuilding are highly depended on the global economic health, and recession can also be a restraint which can affect the market growth in the forecast period.

Regional Outlook

In terms of consumption of marine HVAC systems, Asia Pacific followed by North America is expected to dominate the global marine HVAC systems market. China and India with the increasing exports are set to spend more money on shipbuilding industry, which will boost the market for marine HVAC systems. In terms of production, Western Europe and North America together are expected to have a commanding share in the global marine HVAC systems market owing to established infrastructure and technical know-how. Rest of the world market is estimated to account for a relatively small share of the marine HVAC systems market.

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The report covers exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

By Segmentation:

The global marine HVAC system market can be segmented based on type of vessel:

  • Service Vessels
  • Passenger Vessels
  • Cruise Ships
  • Ferries
  • Cargo Carriers
  • Tankers
  • Container Ships
  • Bulk Carriers
  • Other Cargo Ships
  • Fishing Vessels
  • Personal Watercraft & Sailboats
  • Others

The global marine HVAC system market can be segmented based on type:

  • All water systems
  • All air systems (high or low-pressure)
  • Air-and-water systems
  • Others

The global marine HVAC system market can be segmented based on area of application:

  • Engine room
  • Cargo hold
  • Deck
  • Galley
  • Tender garage
  • Others

The global marine HVAC system market can be segmented based on technology:

  • Marine ventilation systems
  • Marine air conditioning
  • Marine heating systems
  • Marine refrigeration systems

The global marine HVAC system market can be segmented based on capacity:

  • Less than 10 RT
  • 11- 100 RT
  • More than 100 RT

The global marine HVAC system market can be segmented based on distribution:

  • Centralized
  • Decentralized
  • Combined

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Market Participants

Examples of some of the key market participants in the global marine HVAC system market, identified across the value chain are:

  • Heinen & Hopman
  • Bronswerk Marine Inc.
  • AF Group ASA
  • Carrier Corporation
  • DAIKIN INDUSTRIES, Ltd
  • DOMETIC GROUP
  • Drews Marine GMBH
  • NADI Airtechnics Pvt. Ltd
  • HORN International AS
  • GEA Farm Technologies

Industrial Power Monitoring System Market Competitive Growth Strategies Based on Type, Applications, End User and Region

Manufacturing Plants, Energy and Utilities, Mining and Metallurgy as well as commercial establishment etc., where electric system is complex and huge, call for centralized monitoring of energy, power and control. The industrial power monitoring system helps an industrial enterprise to monitor power distribution and consumption and achieve energy efficiency through well laid out procedures and methods aiding in overall cost savings. This savings vary from savings in energy unit consumed per hour, maximum demand charges, controlling energy wastages thus enabling better utilization of man power and avoidance of critical break down in the electrical systems etc.

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Industrial Power monitoring systems supports the ability to monitor status of power distribution, backup power system and power quality involved in core operations and utilities. It delivers detailed information required to prevent tripped circuits, diagnose power problems and balance loads. They are energy efficient as they understand total power usage of the data center or the facility, and use that information to maintain sever utilization, UPS efficiency and more. Industrial Power Monitoring Systems also track the power consumption of an industry to calculate utility bill for the energy being used by the facility. The related data can be lost or corrupted If Power fluctuates even for a second. A momentarily disturbance can trigger a damage that requires hours of data recovery time. Also, can cause malfunction in crucial servers and processes and can damage sensitive components.

Industrial power monitoring systems can manage or remotely control an enterprise wide network of many UPSs or provide power protection to complete infrastructure. It provides near real time or real time condition of power throughout the industry, monitors UPSs, notify automatically if there is any device failure, conduct orderly unattended shutdowns and selectively shut downs non critical systems. Power Monitoring Systems are generally used in Healthcare institutions, electronic industry, telecommunication, governmental and financial organizations.

Regional Outlook

Western Europe and United states owns a lion’s share in Industrial Power Monitoring systems supported by penalty based environmental regulations and high awareness of economic energy conservation.  Technological modernization of Industrial Sectors in Mid East Africa and Asia Pacific contributes to Industrial power Monitoring System market and has potential to see sizable growth in future as well.

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Key Players

  • ABB Ltd
  • CISCO System
  • Emerson Electric Company
  • Eaton Corporation PLC
  • EnerNOC, Inc.
  • General Electric Company
  • Honeywell International, Inc.
  • Rockwell Automation
  • Schneider Electric SE
  • Siemens AG

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Industrial Power Monitoring System Market: Dynamics

Global Industrial Power monitoring systems Market has been driven by increasing adoption of voluntary or mandatory energy management systems & widespread environmental regulations against energy wastage. Industrial power monitoring systems ability to communicate and monitor the components of power distribution from anyplace and anytime to avoid these critical loses resulting in high demand of Industrial Power monitoring systems.

Industrial Power monitoring systems are projected to find a high scope of application in some particular sectors like telecommunication (for remote monitoring and notification), healthcare, governmental and financial organization where data is sensitive and require trouble free operations.

Industrial power monitoring systems have gradually gained interest of electronic and manufacturing industries as they help in efficient utilization of power resources, reduce energy costs, and maximizing the reliability of electrical infrastructure; nevertheless, its implementation and adaption arises with barriers and challenges like initial high investment cost,  shortage of skilled resources. Also, hidden cost and longer payback period is hindering the market of Industrial Power Monitoring System.

By Segmentation

Segmentation of Industrial Power Monitoring system by Control System Employed:

  • PLC (Programmable Logic controls)
  • SCADA (supervisory control and data acquisition)
  • DCS (distributed control system)

Segmentation of Industrial Power Monitoring system by Technology:

  • MDM (meter data management)
  • PLCS (peak load control system)
  • DRMS (demand response management solution)
  • EMIS (energy management information system)

Segmentation of Industrial Power Monitoring system by application:

  • Mining And Metals
  • Power Generation and Transmission
  • Oil And Gas
  • Data Centers and Server Rooms
  • General Manufacturing

Industrial Furnaces Market Competitive Growth Strategies Based on Type, Applications, End User and Region

Industrial furnaces are the thermal enclosures in which raw materials, both solid state and liquid state, are processed at high temperatures. They attain higher processing temperatures as compared with open-air systems. The industrial furnaces can be designed according to their functions, temperature variance, fuel type and method of combustion. The basic construction of Industrial furnaces consist of radiant section, convection section, radiant coil, burner, flue gas stack and insulation. These furnaces have a basic working principle.

The materials in fluid form are heated up to optimum temperature levels in the radiant section where the fuel is burnt using the burner. There may be more than one burner in the arrangement as per the requirement. Next, the fluid in the radiant tubes pass through convection section where the heat exchange takes place and the flue gases are condensed before they are released into the atmosphere through stack or chimney.

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Industrial furnaces are available in market in various formats. These are used in numerous industries like glass, ceramic, metal, food processing and many more. The industrial furnaces have everlasting demand as the industries won’t shut down anyway. Metals, glass, cement, refractories, ceramic, plastic and fiber all these industries are booming with the ever growing demand for each and every industry thus mentioned. This shows how much the market needs industrial furnaces each year. The processing of materials however, can be improvised by resolving energy losses and improving the efficiencies by doing some R & D in the field of thermodynamics. The market is demanding for more efficient industrial furnaces.

Market Dynamics

Usage of industrial furnaces is mandate in major industrial sectors for processing various materials, oils, gases and food products. Although there are different versions of them but there is no alternative presented in the market to replace industrial furnaces. Although the life of an industrial furnace is long, there are newer industries being set up every year all over the world. Some are the new entrants while most of the industries being set up are by the old player with an idea to expand their market presence. This sense of competition has brought in better scopes for the industrial furnace industry and can be considered as a new trend in the market. The key driver for this market is the perennial demand for steel and Iron along with other important metals and materials.

With the growing demand for metals across several industries including but not limiting to automobiles, rail roads and metallurgy, more vehicles, ornaments, bridges, buildings and various other things are being manufactured and constructed. This calls for more and more industries to be set up to quench the rising demand which further ensures that there’s a lot of demand for industrial furnaces from businesses all over the world. With the introduction of industry 4.0 and IIoT (Industrial Internet of Things), the concept of industrial furnace has changed the whole scenario by opting for better efficiencies and automation.

This boom can be an opportunity for those manufactures who would be the early adopters of this technology. In the hindsight, the restraint for the market lies in the fact that industrial furnaces are considered as one time investments for any plant which have a long life of 10 to 15 years thus having a low product replacement rate. Secondly, most of the countries in the world are well equipped with sufficient industries and fewer no. of manufacturing facilities have been set up in the last decade and is expected to have a prolonged effect in the forecast period thus acting as a deterrent for the industrial furnace market.

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Regional Outlook

As per the current market scenario, the industrial furnaces market is prominent in APAC region where the world’s largest steel and automobile producers are ruling the world. The most intense market for industrial furnaces is the emerging economies where more number of steel plants are being invested on. Regions in Western Europe, NA, Russia and MEA are hot spots for this very market. Brazil and Ukraine also show significant scope for the market of Industrial furnaces.

The report covers exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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By Segmentation:

On the basis of arrangement, global industrial furnaces market can be segmented as:

  • Tube or clamshell Type
  • Box Type
  • Car Bottom Type

On the basis of operation, global industrial furnaces market can be segmented as:

  • Gas/Burner Operated
  • Electrically Operated

On the basis of application, global industrial furnaces market can be segmented as:

  • Atmosphere
  • Vacuum

On the basis of structure, global industrial furnaces market can be segmented as:

  • Batch
  • Continuous

On the basis of end-user, global industrial furnaces market can be segmented as:

  • Automotive
  • Oil and Gas
  • Metallurgy
  • Steel and Iron
  • Food Processing

Key Players

  • Epcon Industrial Systems, LP
  • International Thermal Systems
  • Industrial Furnace Company
  • Nutec Bickley
  • L&L Special Furnace Co., Inc.
  • Thermcraft, Inc.
  • SCHMIDT + CLEMENS GMBH + CO. KG
  • ANDRITZ
  • LÖCHER Industrieofen

Transcutaneous Bilirubinometers Market Key Players, SWOT Analysis, Key Indicators and Forecast to 2027

Hyperbilirubinemia or jaundice is a multifactorial condition in new-borns with several symptoms. Physiological jaundice is visible but there is also pathological jaundice which is not visible whose prevalence is more in few countries. When the total bilirubin level rise above 95th percentile for a given age group, it is considered as hyperbilirubinemia. While bilirubin in normal level act as an antioxidant to the biological system, the presence of it towards the higher site may lead of the central nervous system damage leading to the neurological and behavioural impairment. There are several types of bilirubinaemia which are pathological, physiological, and haemolytic and jaundice due to breastfeeding. Haemolytic bilirubinaemia is further subdivided into ABO blood group incompatibility, Rh factor incompatibility and jaundice associated with Glucose-6-phosphate dehydrogenase (G6PD) deficiency.

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Transcutaneous Bilirubinometers Market: Drivers and Restraints

According to the National Neonatal-Perinatal Database (NNPD), the incidence of hyperbilirubinemia is 3.3% while the morbidity occurrence due to it is 22.1%. In neonates, the pale yellow color first starts from the face and the proceeds to the body and the extremities. The incidence of jaundice is more in the low and middle income countries. For instance out of the 1.1 million babies that are diagnosed for jaundice majority of them are in the sub-Saharan Africa and South Asia. Moreover, the launch of upgraded products and technology towards the detection of bilirubin level through a non-invasive way is being adopted by various industry players.

Transcutaneous Bilirubinometers Market: Overview

Transcutaneous Bilirubinometers is a non-invasive method and is based on the principle of multi wavelength spectral reflectance from the bilirubin staining in the skin. The accuracy of the instrument may be affected by variation of skin pigmentation and its thickness. There are two treatment options for treating hyperbilirubinemia one through phototherapy and other through pharmacological treatment. Phototherapy is further sub dived as intensive, conventional and exchange transfusion. Pharmacological treatment is divided as phenobarbitone, intravenous immunoglobulins (IVIG), and metalloporphyrins and follow up remedies.

Transcutaneous Bilirubinometers Market: Region-wise Outlook

In terms of geography, transcutaneous Bilirubinometers market has been divided into seven regions including North- America, Eastern Europe, Western Europe, and Asia- Pacific excluding Japan, Japan Middle-East & Africa and Latin America. North America is expected to remain the dominating region while Asia Pacific is expected to emerge as a fastest growing region. North region. The countries in North America such as the U.S and Canada are taking various initiatives such as the launch of the “Calgary jaundice program” to decrease the number of hospital readmissions for pediatric jaundice. The screening program which was launched around 2007 uses light reflection to determine the level of jaundice in new-borns. Since the launch of this program hospital readmissions for pediatric jaundice has dropped by approximately 30%.

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Transcutaneous Bilirubinometers Market: Key Market Participants

Some of the transcutaneous bilirubinometers market participants are Aegis Medical Innovations, Delta Medical International, Drägerwerk AG, Beijing M&B Electronic Instruments Co. Ltd, Micro Lab, Natus Medical, Philips Healthcare, Refine Medical Technology, Reichert Technologies and Xuzhou Kejian Hi-tech.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

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Transcutaneous Bilirubinometers Market: Segmentation

On the basis of product type the transcutaneous bilirubinometers market can be segment as:

  • Benchtop
  • Portables

On the basis of end user the transcutaneous bilirubinometers market can be segment as:

  • Hospitals
  • Pediatric and Neonatal Intensive Care Units
  • Nursing Homes
  • Home/Outpatient Settings Private research laboratory

Artificial Intelligence in Healthcare Market In-Depth Analysis, Growth Strategies and Comprehensive Forecast to 2028

Diverse interventions ranging from EHR (electronic health records) and patient records to surgical procedures application are extensively integrating AI, which in turn has revolutionized the clinical and healthcare settings. Demand for deep learning is expected to increase in artificial intelligence in healthcare market with rising need for image recognition, data mining and signal reduction.

Innovative Developments with Collaborations to Significantly Benefit Artificial Intelligence in Healthcare Market

Burgeoning need for the minimally invasive surgeries across the globe is expected to create lucrative opportunities for manufacturers in artificial intelligence in healthcare market with surging demand for robot-assisted surgery.

  • IBM Corporation: The artificial intelligence in healthcare market player has teamed up with IIT Bombay for accelerating research of AI in India. This collaboration is expected to dive in inputs from the global researchers on the frontier of AI, thereby focusing on the industrially relevant problems. In addition, measures will also be taken to make access availability to the large data sets. This is consequently expected to positively impact on artificial intelligence in healthcare market.
  • Oracle Corporation: The artificial intelligence in healthcare market player has taken immense efforts in integrating machine learning in cloud applications strategy. Next-gen voice user interface along with powerful analytics is enabling in expanding industry’s fastest, deepest and broadest growing cloud applications suite. Oracle Fusion Cloud Applications is highly beneficial for reducing costs and increasing business agility. With growing adoption of AI across business, positive impact is also expected to shower on artificial intelligence in healthcare market.
  • Microsoft Corporation: The artificial intelligence in healthcare market player has forward plans to excel in its AI innovation with new ideas and data types along with inserting data from the picture. Ideas would be AI-powered insights provision that enables people in leveraging with full-power of Office. The new data types would be beneficial in identifying real-world concepts. Inserting data from the picture enables in taking picture of printed data-table with Android device, thereby converting analog information in Excel sheet with just one click. These developments are expected to create significant growth opportunities for artificial intelligence in healthcare market in the long run.

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Developing Regions to Witness Stellar Growth in Artificial Intelligence in Healthcare Market with Notable Dearth of Doctor-Population

North America artificial intelligence in healthcare market is likely to witness significant growth with increasing usage of EMR (Electronic Health Records), growing focus on the precision medicine, high consumerization of the personal care products. Increasing desire for automating tasks, harnessing deeper insights in financial and clinical issues drives North America artificial intelligence in healthcare market.

According to official figures presented in the Indian Parliament in 2017, doctor population ratio is a major concern in India as the country holds nearly 1,022,859 allopathic doctors that are registered with Medical Council of India. India lacks in meeting the WHO standard of having 1:1000 doctor-population ratio, as the country only has only 0.62:1,000 doctor-population ratio. Whereas, US has a higher doctor-population ratio, which is insufficient for catering to the needs of rapidly surging population. Association of American Medical Colleges had presented a report of US by stating that the region is likely to face shortage of over 90,000 doctors by the end of 2020, which is inclusive of 45,000 patient care doctors.

Dearth of doctor population is significantly driving the growth of artificial intelligence in healthcare market and this trend is expected to continue in the developing economies.

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Explosive Growth of Artificial Intelligence in Healthcare Market with Rapidly Increasing Regulatory Mandates and Diagnostic Errors

Emerging need for taking up healthcare decisions based on evidence and improved clinical outcomes are some factors driving the growth of artificial intelligence in healthcare market. Increasing usage in claims management applications for insurance companies, for identifying the number of fake claims further drives demand and supply of artificial intelligence in healthcare market. Surging use of big data across the healthcare industry, artificial intelligence capabilities for improving patient outcomes, notable imbalance between patients and health workforce is likely to stimulate the revenue growth of artificial intelligence in healthcare market.

Prevalence of government mandates for utilizing EHR is stimulating the need for deep learning technology, which in turn drives artificial intelligence in healthcare market. Rising need for drug discovery, treatment plans and medication management is expected to stimulate the growth of artificial intelligence in healthcare market. Prospective of artificial intelligence based tools for the care of geriatric population and untapped potential of the developing regions such as India and China is anticipated to create several opportunities for artificial intelligence in healthcare market expansion.

Rising importance on the precision medications, rapid increase in cross-industry partnerships and venture capital investments has been fuelling the sales of artificial intelligence in healthcare market. However, high installation costs and dearth of skilled workforce is likely to restrain artificial intelligence in healthcare market on a larger basis. Imprecise regulatory scenario as well as reluctance amongst the healthcare professionals for adopting artificial intelligence based technologies is further likely to hinder the growth of restrain artificial intelligence in healthcare market.

Report offers comprehensive analysis of artificial intelligence in healthcare market and consists of industry-validated and statistically supported data with thoughtful insights and facts. Artificial intelligence in healthcare market report comprises of projections with the help of class-1 methodologies. Artificial intelligence in healthcare market report further offers information and study for classifications such as applications, regions and product types.

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Bifurcation of Artificial Intelligence in Healthcare Market Is Done By Deployment, End-User and Application

Based on deployment, artificial intelligence in healthcare market is divided into

  • On-premise
  • Cloud-based

Based on end-user, artificial intelligence in healthcare market is divided into

  • Payer
  • Government
  • Insurance companies
  • Others
  • Provider
  • Clinics
  • Hospitals

Based on application, artificial intelligence in healthcare market is divided into

  • Drug Development
  • Revenue-Cycle Management
  • Precision Medicine
  • Patient Health Management
  • Clinical Decision Support
  • Analytics and Research
  • Data Management

Scoliosis Management Market Current Scenario Trends, Comprehensive Analysis and Regional Forecast to 2027

Scoliosis is a medical disorder causing deformities in spine especially sideway curvature forming S or C shape in the spinal region. Scoliosis generally occurs during the pre-puberty phase. The major cause of scoliosis is primarily due to disorders such as muscular dystrophy and cerebral palsy, and are most common causative conditions, and other cause of scoliosis is still unknown. In early cases, scoliosis is minor, however if untreated or unresolved may lead to severe deformities. Scoliosis results in reducing space within chest cavity, thus, causes difficulties in the proper functioning of lungs.

The other factors such as environmental factors and genetic factors can also cause scoliosis. In addition, scoliosis management consists of complex procedures for correcting the shape of the spine and management steps are selected based on the level of severity of the disorder and bone maturity coupled with the degree of progression of scoliosis which may differ in males and females. For scoliosis management, braces, physical therapies such as exercise, self-care, and leisure, alternative medicines, and surgeries are often used.

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Scoliosis Management Market: Drivers and Restraints

The growth of scoliosis management market is mainly driven by the increasing prevalence of scoliosis in the global population. For instance, according to the estimates of National Scoliosis Foundation (NSF), approximately 2–3% of the population is suffering from scoliosis in U.S. alone with estimates of six to nine million people. In addition, nearly 600,000 patient visits to private facilities, more than 30,000 adolescents using braces, and approximately 38,000 patients have undergone spinal fusion surgeries. All these factors are responsible for driving the overall growth of the scoliosis management market. However, the factors such as high cost of treatment or procedures can impede the market growth. Moreover, other factors such as lack of skilled professionals, unfavorable reimbursement policies, and limited understanding of the disorder and available treatment options are also hampering the overall growth of scoliosis management market.

Scoliosis Management Market: Overview

Scoliosis management market is expected to show a tremendous growth during the forecast period. Scoliosis is mainly diagnosed by using X-ray technology and aids in the calculation of a degree of curvature. Scoliosis management is based on the degree or pattern of curvature of the spine, age, type of scoliosis, and level of progression. In early cases of scoliosis, observation is done for a time period of 4 -5 months. Scoliosis is a common medical condition of spine in adolescents and creates an ample opportunity for market participants to invest in scoliosis management owing to the fact that scoliosis has high prevalence and incidence rate in the overall population, resulting in demand for better treatment and management options.

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Scoliosis Management Market: Region Wise Outlook

Geographically, global scoliosis management market can be segmented as North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Japan and Middle East & Africa. North America is expected to hold the largest market share followed by Western Europe owing to the factors such as the presence of more sophisticated healthcare infrastructure, increasing awareness among the population and higher prevalence. In addition, other factors such as high R&D expenditure by governmental bodies, and availability of favorable reimbursement policies in these regions boosts the overall growth of scoliosis management market. The market in Asia-Pacific excluding Japan region is estimated to grow at fastest CAGR over the forecast period owing to increasing healthcare expenditure, and easy availability of management options. Moreover, consistent technological advancement and product launches in this region also boosts the growth of scoliosis management market. However, the regions such as Latin America and Middle East and Africa show a stagnant growth during the forecast year owing to the dearth of skilled personnel and low per capita healthcare expenditure in these regions, apart from lack of awareness about the disease.

Scoliosis Management Market: Key Players

Some of the market participants in the global scoliosis management market are Boston Orthotics & Prosthetics, Chaneco, Original Bending Brace, Orthotech, Trulife, L.A. Brace, Össur, DJO, LLC, Wilmington Orthotics & Prosthetics, Inc., Lawall Prosthetics and Orthotics, Horton’s Orthotics & Prosthetics, Aspen Medical Products, UNYQ, C H Martin Company, Optec USA, Inc., Spinal Technology, Inc., Ortholutions GmbH & Co. KG, Wellinks, Inc., and Pro-Tech Orthopedics.

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Scoliosis Management Market: Segmentation

The global scoliosis management market can be segmented on the basis of disease type, age, product type, distribution channel, and region.

On the basis of disease type, global scoliosis management market can be segmented as:

  • Infantile Idiopathic Scoliosis
  • Juvenile Idiopathic Scoliosis
  • Adolescent Idiopathic Scoliosis

On the basis of age, global scoliosis management market can be segmented as:

  • Pediatric
  • Adult

On the basis of product type, global scoliosis management market can be segmented as:

  • Cervical Thoracic Lumbar Sacral Orthosis (CTLSO)
  • Thoracolumbosacral Orthosis (TLSO)
  • Lumbosacral Orthosis (LSO)

On the basis of distribution channels, global scoliosis management market can be segmented as:

  • Hospitals & Clinics
  • Retail Pharmacies
  • Online Pharmacies