Residual Current Monitoring System Market- Global Industry Survey, Outlook and Forecasts to 2025

Stringent implementation of different regulatory compliances by regional authorities is expected to force industries to adopt current monitoring system.

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27 June 2019 – The Global Residual Current Monitoring System Market is expected to display higher growth rate over the next five years. Rapid surge in the market is credited to the rising demand from power generation sector. Stringent implementation of different regulatory compliances by regional authorities is expected to force industries to adopt current monitoring system. Globally, market is predicted to generate massive revenue over next five years, providing numerous opportunities for industry participants to invest in research and development of residual current monitoring system market.

Rising number of safety-related regulations is expected to compel businesses to constantly monitor electrical faults, thereby driving market growth. Increasing adoption of residual current monitoring system limits downtime during power transmission processes. Use of residual current monitoring system also results in decreased monetary loss and reduction in power generation cost. In addition, adoption of residual current monitoring system diminishes power interruption, which can cause malfunction of equipment.

Residual Current Monitoring System Market

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Growing adoption of residual current monitoring system not only limits the electrical faults but also enhances the maintenance procedure. Residual current monitoring system is critical for safety and fire protection. Residual current monitors are also adopted to limit fault currents or residual currents in earthed systems such as TN and TT systems. Residual current monitoring systems sends to operator even before attaining the shutdown threshold of the residual-current device. Residual current monitoring systems is highly reliable for detecting deteriorations of the insulation level at an initial stage.

Residual Current Monitoring System Breakdown Data by Type

  • Single-Channel
  • Multi-Channel

Residual Current Monitoring System Breakdown Data by Application

  • Power
  • Automotive
  • Metals
  • Mining
  • Others

Power generation segment is growing rapidly in the market with substantial revenue generation in the last few years. Growing popularity of residual current monitoring system in power generation segment is attributed to the limiting downtime and reducing of fault occurrence.

The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest technologies in power generation sector, surge in number of research & development activities in the region and existence of well-established industrial infrastructure. In European region, Germany, France, and United Kingdom are projected to witness steady growth due the growing concerns regarding fire breakouts and growing implementation of regulatory compliance.

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Asia-Pacific region is estimated to hold a major share in the residual current monitoring system industry with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, favorable government policies regarding use of residual current monitor, technological advancement in power generation sector, rising awareness level among industry participants and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the residual current monitoring system market are ABB Group, Bender, Janitza electronics, Phoenix Contact LLC, Schneider Electric SE, and Siemens AG.

Industrial Communication Cables Market: Opportunities and Forecast Assessment, 2019 – 2025

Development of high performance industrial communication cables is considered as a key aspect of modern production facilities, manufacturing processes and the industrial infrastructure.

27 June 2019 – The Global Industrial Communication Cables Market is expected to display higher growth rate over the next five years. Rapid surge in market is credited to the increasing demand for seamless data communication and growing adoption of automation technologies. Development of high performance industrial communication cables is considered as a key aspect of modern production facilities, manufacturing processes and the industrial infrastructure. Globally, market is predicted to generate massive revenue over next five years, providing numerous opportunities for industry participants to invest in research and development of industrial communication cable market.

The industrial communication cables is capable of delivering high-speed data transmission. Industrial communication cables offer numerous over traditional wired infrastructure such as ordinary communication cables. Application of industrial communication cables include signal transmission, communications, instrumentation & control, single ended transmitters and multi-point network access. Industrial communication cables are used along with various transmission devices, converters & repeaters.

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Industrial Communication Cables Market

Industrial communication cables consists of in-built modem, which enables internet access on multiple connected devices. The voltage is supplied to the communication cables to transmit broadband signals is dropped at medium range with help of head end device in order to improve internet connectivity. As the voltage is dropped at medium range, the signal starts to degrade. To avoid such problem, repeaters are used to amplify the modulated signal, so it reaches the destination in a healthy condition. This provides higher data transfer rate and smoother transmission.

Market segment by Type, the product can be split into

  • Copper
  • Aluminum
  • Aluminum Alloy

Market segment by Application, split into

  • Process Industries
  • Discrete Industries

Process industries segment is growing rapidly in the market with substantial revenue generation in the last few years. Growing popularity of industrial communication cables in process industries segment is attributed to implementation of advanced communication protocols and low cost solutions.

Market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest technologies in communication sector, surge in number of research & development activities in the region and existence of well-established manufacturing infrastructure. In European region, Germany, France, and United Kingdom are projected to witness steady growth due to the rising demand from various end-use industries such as utilities, oil & gas industry and aerospace sector.

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Asia-Pacific region is estimated to hold a major share in the industrial communication cables market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, rapid industrialization, increasing need for high-speed data transmission, and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the industrial communication cables market are Advantech Co., Ltd., Anixter International, Inc., General Cable Technologies Corp., Hitachi Ltd., Nexans S.A., and Belden India Pvt., Ltd.

Wireless Motor Monitoring System Market Status, Future Forecast & Growth Opportunity 2018-2025

The new trend in the wireless motor monitoring system market is emergence of cloud-based motor condition monitoring system.

3rd June 2019 – Global Wireless Motor Monitoring System Market is anticipated to witness an exponential growth in the forecast period. The factors that propel the growth of the market include increasing usage of wireless motor monitoring systems in the water and waste water, power industries, and oil and gas, rise in the usage of wireless technologies in industries, and technological advancement.

“Wireless Motor Monitoring System Market is anticipated to expand at a significant CAGR of 6.38% in the upcoming period as the scope, product types, and its applications are increasing across the globe”

The new trend in the wireless motor monitoring system market is emergence of cloud-based motor condition monitoring system. Condition-based maintenance comprises a process wherein maintenance check is performed to determine whether the equipment is prone to failure or its efficiency will decrease. Technologies such as motor current signature, vibration analysis, ultrasound, and oil examination help assess machinery health and expect upcoming failures using condition-based monitoring.

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Wireless Motor Monitoring System Market

Market segment by Type, the product can be split into

  • Vibration Sensors
  • Power Sensors
  • Dual Analog Sensors

The “Vibration Sensors” segment led the market in 2017 and will continue to lead in the forecast period. The key factors that attributed to the growth of market include increasing acceptance of motors in industries, increased usage of vibration sensors to measure the vibration based on displacement, velocity, and acceleration in motors. Based on wireless protocol, the market could span wireless HART, wireless LAN, ZigBee, WiMAX, and Bluetooth.

Market segment by Application, Wireless Motor Monitoring System can be split into

  • Automotive
  • Oil and Gas
  • Food and Beverage
  • Water and Wastewater
  • Other

The “Oil and Gas” segment led the market in 2017 and will continue to lead in the forecast period. The key factors attributed to the growth of market include advantages such as easier installation in numerous terrains and lower retrofit costs.

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North America accounted for the major share of the wireless motor monitoring system industry in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include increasing usage of wireless motor monitoring systems in the water and waste water, oil and gas, and power industries, and technological innovations.

Global Wireless Motor Monitoring System market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including

  • ABB
  • Schneider Electric
  • Siemens
  • Eaton
  • Rockwell Automation
  • Emerson Electric
  • Banner Engineering
  • Dynapar
  • Advantech and more….

Industrial Belt Drives Market 2025| Global Industry Overview, Key Players & Market Status

Growing automotive sector coupled with wide range application of variable speed belts in industrial processes are some of the prominent factors for market growth.

30 May 2019 – The Global Industrial Belt Drives Market is expected to display higher growth rate over the next five years. Rapid surge in the industrial belt drives market is credited to the rising investments towards modernization of manufacturing plant facilities. Growing automotive sector coupled with wide range application of variable speed belts in industrial processes are some of the prominent factors for market growth. Globally, market is predicted to generate massive revenue over next five years, providing numerous opportunities for market players to invest for research and development in the industrial belt drives market.

Increasing investment by industrial manufactures to improve overall productivity and limit downtime in end-users market segment is expected to boost the growth of the market in the upcoming years. Growing manufacturing and automotive sector in the Asia Pacific region, particularly in the developing economies such as India and China are estimated to drive the market growth in the near future. Rising focus towards modernization and automation of various industrial process to ensure streamlined, efficient, and faster approach is projected to positively influence market progress of industrial belt drives.

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Engine

Shifting trends towards increasing adoption of industrial belt drives in the manufacturing industries is attributed to factors such as flexibility and adaptability for every distributor operation and any drive. Additionally, easy availability of industrial belt drives with broad product range that allows transmission of variable load power is expected to favor market growth. Some of the benefits of industrial belt drives include different of orientations such as horizontal, vertical or inclined and independent operational capabilities. These factors plays a major role for boosting the growth of industrial belt drives market in the upcoming years.

Market segment by Type, the product can be split into

  • ZV
  • CV
  • CR
  • CL

Market segment by Application, Industrial Belt Drives can be split into

  • Agricultural
  • Mining
  • Mechanical Industry
  • Other

Industrial machinery segment is growing rapidly in the market with substantial revenue generation in the last few years. Growing popularity of industrial belt drives in the industrial machinery segment is attributed to the increasing manufacturing activities in North America and Asia Pacific region. The material handling industry segment has also witnessed substantial growth due to increasing adoption of conveyor systems and growing demand for power transmission equipment.

The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in manufacturing sector, surge in number of research & development activities in the region and existence of well-established industrial infrastructure.

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Asia-Pacific region is estimated to hold major share in the market with massive growth in forecast period. Countries such as India, China, Japan and Singapore are leading the Asia-Pacific market with strong economic growth, rising manufacturing activities, and significant investment by leading industry players considering potential growth opportunities in the region.

The major manufacturers covered in this report

  • ContiTech
  • Dayco
  • Fenner
  • Gates
  • Optibelt
  • B&B Manufacturing
  • Belt
  • Brammer
  • Hutchinson
  • Jason Industrial
  • Pix Transmission

Land Seismic Equipment Market 2028 : Competition by Mergers & Acquisitions, Expansion

Global land seismic equipment market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe.

22 April 2019 – Global Land Seismic Equipment Market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. The factors that are playing a major role in the market growth of land seismic equipment are the rise in oil costs, the growth in production and exploration activity, and the high demand from end-users. However, the reduction in investments in oil & gas companies. Land seismic equipment industry is segmented based on component, technology, end-user, location, and others.

Services, hardware, software, and other components could be explored in land seismic equipment market in the forecast period. Services sector comprises customer support, survey design services, after sales services, consultation services, and advisory services. Hardware sector accounted for the significant market share of land seismic equipment and is estimated to lead the overall market in the years to come. The sector comprises detectors like geophones, hydrophones, and seismic sources like dynamite, vibroseis, and air gun.

Land Seismic Equipment Market

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The key players of land seismic equipment industry: ION Geophysical Corporation, CGG, FairfieldNodal, Mitcham Industries, Inc., Schlumberger Limited, Geospace Technologies Corporation, China National Petroleum Corporation, Wireless Seismic, Inc., and BGP Inc. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.

Market split by Type, can be divided into:

  • 2D Seismic Equipment
  • 3D Seismic Equipment

The 3D sector accounted for the substantial share of land seismic equipment industry and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could the rising demand for assembling seismic data. Also, the 4D sector is estimated to grow at the highest CAGR in the years to come.

Market split by Application, can be divided into:

  • Government Department
  • Business Sector
  • Industrial Sector

The market may be categorized based on end-users like oil & gas, energy industry, mining industry, construction industry, and others that could be explored in land seismic equipment in the forecast period. The oil & gas sector accounted for the significant share of land seismic equipment market and is estimated to continue its dominance in the years to come.

Based on location, the offshore and onshore sector could classify land seismic equipment industry in the forecast period. The offshore sector is estimated to grow at the significant CAGR in the years to come.

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Globally, North America accounted for the significant share of land seismic equipment market and is estimated to lead the overall market in the forecast period. The reason behind the overall market growth could be the rise in oil production and exploration activity. The United States is a major consumer of land seismic equipment in the forecast period.

Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The developing countries like India and China are the major consumers of land seismic equipment in this region.

Feeding and Accumulating Systems Industry: Future Demand, Market Analysis & Outlook to 2023

Feeding and accumulating systems are the bulk machineries that line-up the assembled bottles by either a bulk bottle unscrambler, large depalletizer, or simply by a rotary feed table. 

22 April 2019 – Global Feeding and Accumulating Systems Market is estimated to grow considerably in the coming years due to the high adoption of automation in various industries. Feeding and accumulating systems are the bulk machineries that line-up the assembled bottles by either a bulk bottle unscrambler, large depalletizer, or simply by a rotary feed table. They help the bottles to fill with any type of content, capped, labelled, etc. until the end of packaging line. These machineries operate with the help of sensors installed on the conveyor line. They sometimes also use the photoelectric sensors to detect the objects.

The reasons for the growth of feeding and accumulating system market include an increase in demand from food and beverage industry, a rise in demand from consumers for bottled beverages, the rise in disposable income of consumers, and rise in investments by private sector for technological innovations of the systems. However, the significant cost of installation of the machinery and high maintenance of feeding and accumulating systems is hampering the market growth.

Feeding and Accumulating Systems Market

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The major players in feeding and accumulating systems market: Beumer Group, Toyota Industries Corporation, Kion Group AG, Busch Machinery, Hyster-Yale Material Handling, Inc., Daifuku Co., Ltd., Jungheinrich AG, Knapp AG, Murata Machinery, John Bean Technologies (JBT) Corporation, Kuka AG, Hanwha Corporation and Fives among others.

An increase in demand from various industries like chemical, pharmaceuticals, and construction is an emerging trend in the feeding and accumulating systems market. The introduction of new flavoured beverages in soft drinks and energy drinks and emergence of new companies in various industries are the opportunities for the market.

Type:

  • Bottle and Can Depalletizing Machine
  • Material Filling Machines
  • Others

Application:

  • Construction Materials
  • Mineral
  • Chemical Industries
  • Food Industry
  • Others

The food industry is expected to hold a substantial share of the market in future due to the explosive demand for food on the global scale. This high demand is attributed to increasing population and growing urbanization.

Geographically, market is segmented as North America, South America, Europe, Asia Pacific, and Middle East & Africa. North America and South America are expected to dominate the market due to demand from different applications. Further, Asia Pacific is also expected to lead the market due to developments in various industries.

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Hot Runner Market Segmentation, Opportunities, Impressive Trends & Future Scope till 2028

A hot runner is an integrated molten plastic conveying system which controls the injection fill rate, temperature, and speed of resin inside the machine barrel. 

11 April 2019 – The Global Hot Runner Market is anticipated to witness potential growth by the year 2028. A hot runner is an integrated molten plastic conveying system which controls the injection fill rate, temperature, and speed of resin inside the machine barrel. The advanced designing of the hot runner system maintains the resin consistency and temperature, unlike the traditional cold runners. Hot runners can be moulded into highly complex parts, which are available in a wide array of sizes. Technological advancements and simplified maintenance are set to drive the growth of hot runner market during the forecast period. However, the high installation costs of hot runner systems are hindering the market’s revenue generation. The market players are keen on incorporating strategic merger and acquisition activities to boost their collaboration with their fellow competitors. This factor is majorly propelling the market’s futuristic growth.

Valve gate hot runner system

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Market split by Type, can be divided into:

  • Open Gate Hot Runner
  • Valve Gate Hot Runner

Market split by Application, can be divided into:

  • Automotive Industry
  • Electronic Industry
  • Medical Industry
  • Packaging Industry

By region, the hot runner market has been segmented into North America, the Asia Pacific, the Middle East, and Africa, and Latin America. The growth of the automotive sector in technologically advanced countries of the U.S., Europe, and China have crafted an upsurge for insulated runners, externally and internally heated hot runners.

The altering market dynamics can be attributed to major merger and acquisition activities, collaborations and joint ventures amongst the industry competitors. The competitive landscape showcases the profiles and business strategies of the major players, along with their recent developments.

Leading players of Hot Runner including:

  • YUDO
  • Milacron
  • Barnes Group
  • Husky
  • INCOE
  • Seiki Corporation
  • Gunther
  • EWIKON
  • CACO PACIFIC Corporation and more…

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Stakeholders and investors are increasing their spending on research and development activities to scale the latest technologies in their system engineering process. They have examined the diverse threats, and emerging disruptive technologies to shape the supply and demand of the hot runner system market in the forthcoming years. The emerging companies have identified raw material suppliers, buyers, research investors and distributors of the short-range air-defense missile system market. The competitors are profiling their business expansion strategies by incorporating merger & acquisition, collaborations, and joint ventures with the fellow contenders.

Synventive Molding Solutions have established themselves as one of the prominent suppliers of hot runner systems serving a wide array of industries. These controllers have been attributed as highly sustainable and cost-effective products, which is fuelling the demand for hot runners in the global market.