Tuesday 29 December 2015

Non Destructive Testing (NDT) Equipment Market Analysis, Industry Trends And Forecast,2014 To 2022

Industry Overview

Global Non Destructive Testing (NDT) Equipment Market size is expected to attain USD 5.70 billion by 2022, growing at a CAGR of over 5% from 2014 to 2022. Application of this equipment for quality control as well as inspection is likely to witness significant growth. Stringent government regulations for safety and quality control are projected to fuel industry demand. Government is taking counter measures in order to prevent accidents such as pipeline explosions and nuclear reactor leakages.

The aim of NDT is to ensure safety as well as reliability, it aids in detecting errors as well as troubleshoot the defects in any equipment, to avoid unpleasant incidents. It also acts as a method of prevention in high-pressure manufacturing units. This equipment is projected to be reliable as it helps in eliminating factual errors. Thus; the aforementioned properties are estimated to boost the non destructive testing equipment market demand.
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Increasing cost and efforts involved in construction of infrastructure is expected to elevate the industry demand. It helps in improving longetivity of the facility as well as machinery, thus increases operational life. For instance, oil refineries in Middle East region are now enhancing their capacities in order to tackle global demand. Operating refineries at optimum capacity may cause any breakdown. Thus, in order to preserve these machines it is mandatory to inspect them for any defects and ensure smooth functioning.

Lack of skilled workforce for testing equipment is likely to hamper the industry growth. Training institutes are not equipped with updated equipment, which might pose as a challenge to the industry growth. However, innovation paired with advancements in NDT technologies such as phased array ultrasound and eddy current array are likely to act as potential avenues for tremendous industry opportunities. These technologies offer more precise and reliable data and thus help in generating accurately assessed reports.

Technology Overview

Ultrasonic testing was the leading non destructive testing equipment market technology in 2014 and was valued over USD 1.1 billion. It is estimated to exceed USD 1.5 billion by 2022 growing at a CAGR of over 5% from 2014 to 2022. The surge in the industry can be attributed to prominent usage in numerous industries such as aerospace and defence, steel and aluminium construction, manufacturing and automotive sector.

Electromagnetic testing was valued over USD 0.60 billion in 2014. It is expected to exceed USD 1 billion by 2022 growing at CAGR of over 5.5% from 2014 to 2022. The growth can be attributed to its growing usage in oil and gas industries.
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End-Use Overview

Power generation was the leading segment. It was valued over USD 1 billion in 2014. It is estimated to reach USD 1.50 billion by 2022 growing at a CAGR of over 5% from 2014 to 2022. The growth can be accredited to rising number of power plants accompanied by equipments used in power plant.
Oil and gas was the second largest market owing to large scale use of this equipment in industry assets such as vessels, tanks, piping, heat exchangers & condensers and rotating. It was valued over USD 0.90 billion in 2014. It is anticipated to exceed USD 1.40 billion by 2022 growing at CAGR of over 4.5% from 2014 to 2022.

Regional Overview

North America non destructive testing equipment market was valued over USD 1.3 billion in 2014, with CAGR expectation of over 5% from 2014 to 2020. It can exceed over USD 2 billion by 2022. The spur in the segment can be addressed to increasing investments in oil and gas industry.

Asia Pacific is projected to exceed USD 1.25 billion by 2022, growing at CAGR of 6% over the forecast period. Rising purchasing power along with improvising economic condition of the countries namely India, China, Malaysia, Japan and Indonesia is projected to drive the growth in the region.

Competitive Market Share

The global non destructive testing equipment market share is highly consolidated by top five industry players accounting for more than 70% of the overall share. GE Measurement & Control Solutions was the leading industry player accounting for more than 28% of the overall share. It has achieved the market leadership position through the expansion of the non-destructive test equipment product line through state-of-the-art technology integration. Key industry participants include GE Measurement & Control Solutions, Olympus Corporation, Zetec Inc. and Eddyfi NDT Inc. among others.
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Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

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Wednesday 23 December 2015

Lignin Market Analysis, Share, Regional Outlook, Industry Trends And Segment Forecast,2012 To 2022

Industry Overview

Global lignin market size is expected to reach 17,293.4 kilo tons by 2022, growing at a CAGR of 5.2% from 2015 to 2022. End use industries include binders, animal feed, adhesives, concrete admixtures, bitumen, phenols and vanillin. Growing demand for animal feed is anticipated to drive the lignin market over the forecast period.

Increasing need for dust control is another key factor for lignin market growth. Over the past few years it has been increasingly used as a substitute to calcium carbonate as a dust collector. It is also mixed with construction materials or solvents to form dust collector systems. It is absorbed by the dust particle and bonds with the particulate matter on a molecular level. In addition, research studies have shown that these dust collectors in pavements have proved to be more effective than its calcium carbonate counterparts.
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Lignin is being increasingly utilized as an additive in concrete as it functions as an effective water reducer and controls the rheological properties of the base material; this also increases the durability of concrete resulting in lower maintenance cost.

Commercial extraction procedure is a traditional process which results in low yield. There is a significant difference between yield obtained commercially and conducted by research institutes. This large gap between R&D and industries is expected to hamper market growth. In addition, low consumer awareness regarding usage and benefits, on account of minimal regulatory initiative may also challenge industry participants.

Product Overview

Ligno-sulphonates accounted for over 10% of global lignin market share in 2014; concrete industry growth in the U.S., China and India owing to improvement of construction sector at domestic sector is expected to drive demand.

Low purity lignin is majorly deployed as a bio-refinery catalyst owing to low price compared to other products. Rising awareness towards utilization of biomass for manufacturing fuels, chemicals and polymers have increased the importance of bio-refineries. High manufacturing cost along with lack of regulations pertaining to promote bio-refinery developments in China, India and Middle East is expected to be a concern and may negatively impact demand over the next seven years.

Kraft lignin market demand is expected to reach 128.8 kilo tons by 2022.
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Application Overview

Key applications include the manufacturing macromolecules which accounted for 69.5% of global market volume in 2014. Application growth of carbon fibers in construction and automotive industries as lightweight materials is expected to increase the importance of macromolecules. As a result, it is expected to find applications as an intermediate. Other notable applications include catalysis, cosmetics, photometry, glass manufacturing etc.

Regional Overview


Europe lignin market dominated global demand, accounting for over 38% of total volume in 2014. Regulatory push to restrict green house gas emissions along with focus on bio-polymers in Germany, Netherlands, France and Belgium is likely to drive demand.


North America followed Europe in 2014, accounting for over 34% of global consumption. The U.S. EPA announced financial assistance to promote industry growth of biopolymers as well as bio-refinery which is expected to growth in the near future.

Asia Pacific lignin market demand was 2,252.3 kilo tons in 2014 and is expected to reach 3,718.1 kilo tons by 2022, which China accounting for over 50% of regional consumption.

Competitive Market Share
Key players occupying global lignin market share include Borregaard, Tembec, Mead-Westvaco (MWV), Domtar Corporation, Asian and Aditya Birla Group. Borregaard Lignotech was the leading manufacturer accounting for over 40% of the global demand. The company offers products for applications such as concrete admixtures, battery additives, carbon black, dispersions, fertilizers, emulsions, gypsum boards, industrial binders and so on.
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About Us:
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

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Ryan Shaw
Hexa Research
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Phone: +1-800-489-3075

Monday 21 December 2015

Sorbitol Market Analysis, Market Size, Share, Industry Trends And Segment Forecast, 2012 To 2020

Industry Overview
Global sorbitol market size is expected to reach 2.34 million tons by 2020, growing at a CAGR of 3.6% from 2014 to 2020.

Increasing consumer awareness regarding the benefits offered by naturally derived ingredients is expected act as a favorable factor supporting sorbitol market growth over the next six years. It is found in a wide range of foods including pears, apples, peaches and prunes. It is used as thickening and sweetening agent in manufacturing personal care products such as skin creams, mouthwash, toothpaste and chewing gums.
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Rising consumer awareness regarding health and safety risks posed by synthetically derived personal care products is expected to drive market growth. Growing organic personal care market is expected to fuel sorbitol demand in cosmetic products. Global organic personal care market was valued at USD 8,433.9 million in 2013 and is expected to reach USD 15,977.5 million by 2020, growing at a CAGR of 9.5% from 2014 to 2020.

Increasing artificial sweeteners demand owing to growing number of diabetic cases globally is expected to positively influence demand. It is also widely employed in frozen desserts for diabetic patients as it is slowly absorbed by the intestine and is metabolized into fructose. It is approximately 60% as sweet as sucrose; however it contains one-third fewer calories. It does not cause tooth decay and is largely employed in various sugarless products including sugarless candies and gums.

Growing domestic demand for foods & beverages in emerging markets of BRICS is anticipated to have a positive impact on global food & beverage industry. Increasing number of cafes, restaurants and bistros globally is likely to propel demand. It is used as a flavoring and bulking agent in the food & beverage industry.

Presence of favorable government regulations in various regions is anticipated to propel sorbitol market growth up to 2020. It is affirmed as GRAS (Generally Recognized as Safe) by the U.S. Food and Drug Administration (FDA) and is approved for use as an artificial sweetener by the European Union and other countries around the world including Japan, Australia and Canada.

Tight supply of raw materials such as corn starch, may affect sorbitol prices and challenge industry growth. Investments in research to develop novel technologies for increasing production output at lower costs is expected to open up avenues for industry participant’s growth.
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Product Overview
Liquid/syrup was the leading product segment with a market valuation of well over USD 850 million in 2013. Rising awareness towards low-calorie and sugar-free products is expected to increase the importance of sweet syrups. Increasing use of liquid types in sweet syrups for pharmaceutical applications is expected to drive market growth. This product is also intended to use as humectants in paste and topical preparations.


Crystal/powder accounted for over 17% of the market share and is expected to grow at sluggish growth rates of over 2.5% from 2014 to 2020. It is mainly used a food additive in manufacturing of mint tablets, chewing gum and frozen meat products. High cost of crystal types as compared to liquid counterparts is expected to result in slow growth rates up to 2020.


End-Use Overview
Cosmetics & personal care dominated the application segment with a market valuation of over USD 500 million in 2013. It is widely employed in manufacturing personal care products including toothpastes, toiletries and cosmetics. Rising awareness about oral hygiene is anticipated to drive demand for toothpastes. The toothpaste market is a significant consumer and it is used as a humidity control agent. Gel toothpastes contain up to 50% liquid sorbitol.

Food was the second largest end-use segment and accounted for more than 25% of the total volume in 2013. Increasing convenience food demand particularly in key regions of North America and Europe is likely to increase the demand.

Chemical end-use segment was valued over USD 400 million in 2013 and is expected to grow above average growth rates of over 3.5% up to 2020. Increasing application scope for bio-fuel and rocket fuel production is likely to surge demand.

Sweetening effect, thickening effect and compatibility with active ingredients are key properties which enables its use in pharmaceutical applications. In addition, it is also used in the form of sachets, tablets and dry syrups in non-carcinogenic and non-acidogenic formulations. It has low share in pharmaceuticals which comprised above 6% in 2013.
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Application Overview
Diabetic & dietetic food & beverages dominated the application and was valued over USD 400 million in 2013. Rising prevalence of diabetes have increased the importance of functional foods fortified with low calorie and sugar free ingredients. As a result, food & beverage manufacturers are utilizing artificial sweeteners in their product offerings such as baked foods, frozen products, confectionaries and numerous cold drinks.

Toothpaste was the second largest application segment and accounted for more than 20% of the total volume in 2013 and is expected to grow at significant rates with an estimated CAGR of over 4% up to 2020. High refractive index of sorbitol allows its use as crystals in transparent gels in toothpaste applications.


Vitamin C application accounted for more than 15% of the total volume in 2013 with a market valuation of over USD 250 million. It is used as an intermediate for vitamin C production and is expected to witness growth in light of increasing consumption of essential nutrient by human and animal species.


Other applications include its use as surfactants in form of wetting & foaming agents, dispersants, detergents and emulsifiers.

Regional Overview
Asia Pacific was the leading regional sorbitol market with valuation of over USD 650 million in 2013. Governments of China and India have framed numerous initiatives intended for promoting domestic production output of pharmaceutical and personal care industries by allowing FDIs. This factor is expected to drive demand in this region.

Europe was the second largest regional market and is expected to grow at sluggish growth rates of over 2.5% up to 2020. Declining pharmaceutical industry in France, Spain and Italy is expected to be responsible for this sluggish growth. European Commission announced Horizon 2020 Strategy, which is intended for promoting the industrial growth of naturally derived products. As a result, new investments in sorbitol market are anticipated to be witnessed in the near future.

North America accounted for over 20% of the market demand in 2013 and is expected to register over USD 450 million worth of demand by 2020. Growing demand for organic personal care products in the U.S. is anticipated to witness growth on account of rising awareness towards benefits of naturally derived ingredients in fortification of cosmetic products.

Competitive Market Share
Roquette Freres accounted for over 25% of the global sorbitol market share in 2013. The company manufactures and markets liquid and powder forms under the brand name, “NEOSORB.

Cargill accounted for over 15% of the overall share in 2013. Over the past few years, the company has been focusing on expanding its presence in the market by focusing on mergers and acquisitions.
Other companies include ADM, Danisco, Merck, Ecogreen Oleochemicals GmbH, Qinhuangdao Lihua Starch Co., Ltd. and Tereos Syral accounted for more than 40% of the global market in the same year.
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About Us:
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us:

Ryan Shaw
Hexa Research
Felton Office Plaza
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Felton, California 95018
United States
Phone: +1-800-489-3075

Wednesday 16 December 2015

Aerosol Propellants Market Analysis, Share, Industry Trends And Segment Forecast, 2012 To 2020

Industry Overview

Global aerosol propellants market size is expected to reach 12.5 million tons by 2020, growing at a CAGR of 4.6% from 2014 to 2020.

Increasing personal care & cosmetic products demand such as shaving creams, deodorants and hair-sprays is anticipated to drive aerosol propellants demand over the next six years. These products are gaining wide acceptance among the young population particularly in the emerging economies of Asia Pacific and Latin America. Furthermore, growing old age population has propelled use of aerosol in anti-ageing cosmetic products.
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Introduction of new product formats, gender-specific products, and technological developments is expected to drive demand for personal care products. Increasing use of aerosol propellants in deodorants, styling mousses hair sprays and antiperspirants is expected to drive market growth.
Aerosol is also used as spray paints in automobile and construction industry which is expected to drive demand. Global aerosol demand in 2013 was 14,611.8 million units and is expected to reach 18,040.5 million units, growing at a CAGR of 3.1% from 2014 to 2020.

Increasing awareness for hygiene coupled with home furnishing market growth is expected to drive aerosol demand in household applications. Rising government spending for infrastructure improvement in China, India, and Brazil is expected to fuel aerosol paint demand in construction. Increasing automobile production in China, Mexico, Germany, Brazil, and Indonesia is expected to positively influence the market. These factors are expected to drive aerosol propellants market.
The market is further expected to witness growth owing to the support from the U.S. EPA for hydrocarbon propellants as they have zero ozone depletion potential and less atmospheric residence time and, thus, do not contribute to global warming.

Health and environmental issues associated with propellants use in aerosol products is expected to challenge industry participant’s growth. Investments in research for technological up-gradation to produce low VOC and eco-friendly products are expected to open new avenues for industry.
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Product Overview

Hydrocarbons were the leading product segment with a market valuation exceeding USD 13 billion in 2013. Hydrocarbons were the largest product segment, accounting for 82.5% of global market share in 2013. Hydrocarbons including isobutene, propane, ethane and n-butane provide high stability, lower costs and less toxicity in comparison to other propellants which is expected to contribute towards its high market share over the past few years.

DME & methyl ethyl ether accounted for more than 8% of the market share and is expected to witness significant growth rates with CAGR of over 5% up to 2020. This product is expected to grow owing to the numerous advantages including solvency and water miscibility making it useful in various products such as paint sprays and hairsprays.

Nitrous oxide & carbon dioxide product is expected to exceed a market valuation of USD 2 billion by 2020 by witnessing above average growth rates. Increasing carbon dioxide & nitrous oxide demand to dispense dental creams, food products, ointments and hair preparations is likely to surge aerosol propellants market growth.

Application Overview

Personal care was the leading application for aerosol propellants market with valuation exceeding USD 6.5 billion in 2013. Rising health concerns and growing demand for hygienic products is expected to increase the importance of personal care products including infant care, skin care, deodorants, antiperspirants and hair care.

Household application accounted for more than 32% of the market share in 2013 and is expected to grow is higher growth rates up to 2020. They are used in myriad household applications such as stain removers, pre-wash sprays, shoe polish, starch, water repellents for leather & fabric, cleaning agents in rugs, fabrics & household surfaces, furniture polishes & waxes, room disinfectants & fresheners, air fresheners & anti-static sprays.
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Automotive & industrial applications accounted for more than 8% of the market share in 2013 and are likely to grow at higher CAGR of over 5% up to 2020. Aerosol propellants find use in formulation of adhesives & sealants, anti-fog agents, lubricants, and automotive cleaning agents. Increasing preference towards preventive maintenance in industrial and automotive applications owing to reduce production cost is expected to promote demand for adhesives & sealants and lubricants.

Paint applications are expected to witness significant growth rates over the forecast period owing to increasing use of spray painting technology in automotive and construction sector.

Regional Overview

Europe was the leading regional market with revenues exceeding USD 6.8 billion in 2013. Robust manufacturing base of cosmetic products in Germany, France, Spain and UK is expected to increase the demand.

North America was the second largest market and accounted for more than 25% of the share in 2013. Positive outlook on automobile industry in the U.S. and Mexico is expected to fuel aerosol propellants demand in the near future.

Asia Pacific aerosol propellants market is likely to witness significant growth rates with an estimated CAGR of over 5.5% up to 2020. This region is expected see an increase in infrastructure spending coupled with growth in automobile production particularly in countries such as China, Indonesia, India and Thailand.

Competitive Market Share

Honeywell was the largest company in the aerosol propellants market share accounting for over 15% of the global market in 2013. In July 2012, Honeywell launched a new product range, Solstice Propellants, which is non-ozone-depleting, and has low GWP (global warming potential) and is non-flammable and find applications in personal care products.
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About Us:
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

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Ryan Shaw
Hexa Research
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United States
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Friday 11 December 2015

Non Halogenated Flame Retardants Market Size, Market Share, Analysis,. Growth, Trends,2012 To 2020

Industry Insights

Non halogenated flame retardants (NHFR) are used to induce flame retardant property to the manufactured products mainly polymers and textiles. Flame retardants control flame production to prevent spread of fire. NHFR finds application in major end-use industries including electrical, transportation, and construction. Growth in these industries is expected to drive the market over the next five years.

Need for durability, insulation, and safety is addressed by flame retardants in many applications. These emit less heat and produce less smoke compared to bioaccumulation which causes halogens dangerous for human health as well as environment. This advantageous factor is likely to augment NHFR market growth over the forecast period. Stringent regulatory policies over the usage of halogenated retardants in many countries is anticipated to have positive impact on non halogenated retardants market growth over the foreseeable future.
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EPA in U.S., WEE and REACH in Europe, and CEPA in Canada are few regulatory bodies protecting environment and consumers by various flame retardants policies regulation. Favorable market condition is expected to open new opportunities for the market participants over the next five years. However, their process function involves high loading and many drawbacks which is likely to hinder the market growth in near future.

Product Insights:

Aluminium hydroxide was the largest product segment of NHFR in terms of volume, and is expected to grow at a CAGR of 7.2% over the foreseeable period. Phosphorous based product segment covered over 48% of the revenue in 2013. Phosphorous based retardant is growing at a CAGR of 8.2% and is expected to be the largest product segment in terms of revenue over the next five years.

Application Insights:

Epoxy resins and UPE trailed by polyolefins are the major application segment of non halogenated retardants in terms of volume as well as revenue in 2013, and the trend is expected to continue over the next five years. Styrenics has been the lowest performing segment over the recent past, while rubber was the slowest growing segment ans is expected to witness the same over the forecast period. other applications include PVC and ETP.
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End-Use Insights:

Construction sector was the major application segment in 2013. About 34% of the total revenue generated in 2013 was from this industry. Electrical industry was the second major and fastest growing application segment of NHFR. Growth in electrical industry on account of growing infrastructure spending in emerging nations is expected to drive the market over the foreseeable future. Furniture and textile was the least sharing application segment in 2013 and is expected to experience the same over the next five years.

Regional Insights:

North America was the dominant market accounting for over 38% of the total volume share in 2013, and is expected to grow at CAGR of 6.8% over the forecast period. Stringent regulatory system regarding usage of halogenated retardants is expected to drive the market over the foreseeable future. Increasing infrastructure spending in emerging nations of Asia Pacific such as India and China is expected to have positive impact on NHFR market in the region. RoW was the lowest regional market owing to leniency in fire control regulation. However, increasing awareness among consumers regarding fire safety and control is likely to boss the market demand in this region over the next five years.

Competitive Insights:
NHFR market is moderately fragmented by large number of players accounting for over 65% of the total market share. Some key players operating in the global market include Chemtura, Albemarle, Clariant International Ltd, ICL, Huber Engineered Materials, BASF SE, Italmatch Chemicals, Thor Group Ltd., FRX Polymers, Lanxess AG, DuPont, and Delamin.
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About Us:
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us:

Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075

Thursday 3 December 2015

Unconventional Natural Gas Extraction Market Analysis, Industry Trends And Forecast, 2013 To 2019

Globally, attention in unconventional natural gas production and related extraction technologies has taken off over the last 5 years owing to the influence of unconventional natural gas boom in the North American region. Many countries are looking forward to unconventional natural gas as a prospective energy source to alleviate supply shortages, reduce natural gas costs and generate further revenue. This report is anticipated to be helpful to corporations, industry players and others who have a stake in unconventional natural gas extraction market, as well as those who are taking into consideration expanding into this market.
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The global market for unconventional natural gas extraction technologies was estimated at USD 61.35 billion in 2010 and reached USD 61.71 billion in 2011. The market is expected to grow at a CAGR of 8.3% from 2013 to 2019. North America accounted for USD 54.8 billion in 2011 and is expected to grow at a CAGR of 3.3% from 2013 to 2019. The North American vertical and directional drilling sector was estimated at USD 2.10 billion in 2011 and is expected to grow at a CAGR of 4.3% from 2013 to 2019.


Asian market was valued at USD 5.35 billion in 2011 and is expected to grow at a CAGR of 23.4% from 2013 to 2019. The Asian vertical and directional drilling market was valued at USD 374 million in 2011 and is expected to grow at a CAGR of 18.6% from 2013 to 2019.



This research report provides comprehensive market statistics and forecast for key segments, and provides complete industry landscape including drivers, restraints, regulatory scenario, technology trends and future opportunities. The report also provides detailed competitive landscape with company market share analysis and in-depth profiles of key market participants. Key regional markets analyzed and reported in this study include:
  • North America
  • Europe
  • Asia Pacific
  • RoW

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Critical elements of the report include:
  • Industry dynamics
  • Market challenges and opportunities
  • Technology & regulatory trends
  • Market estimate and forecast
  • Regional trends
  • Competitive trends


Why should you buy this report?
  1. This report provides comprehensive analysis of the market including Porter’s and SWOT analysis
  2. Complete identification and analysis of key industry dynamics including drivers, restraints, raw material trends and buyer behavior
  3. The study provides technology landscape and regulatory trends for building strategy
  4. Global and regional market estimates and forecast on volume and revenue basis for multiple market segments
  5. Detailed competitive landscape of the market, with profiles of key companies

Browse Full Report @ http://www.hexaresearch.com/upcoming-research/unconventional-natural-gas-extraction-industry
About Us:
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us:

Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075

Tuesday 1 December 2015

Pressure Sensors Market Size, Market Share, Analysis, Growth, Trends And Forecasts, 2013 To 2019

Pressure sensors are used in many industries, and the use of microelectromechanical systems (MEMS) technology in pressure sensors is expected to further widen the application scope. This can be attributed to the benefits offered by MEMS, including reduced cost and power consumption, as well as high performance and miniaturization. Pressure sensors have to be used in Tire Pressure Monitoring Systems (TPMS) which was made mandatory by the U.S. government, which has contributed significantly to product demand. Additionally, growing number of vehicles on a global level is also expected to be a key driving force for the market.

Automotive was the largest market segment in 2012, wherein applications include brake sensors for electronic stability control systems, side airbags, tire pressure, exhaust gas recirculation pressure, barometric pressure, gasoline direct-injection systems, etc. Consumer electronics is also expected to be a fast growing application, with pressure sensors being incorporated in smartphones for indoor navigation, measuring altitude as well as for global positioning systems (GPS).
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In the medical sector, growth is expected to be driven by blood pressure monitoring devices and other health monitoring gadgets, mainly due to reducing form factors. Estimated reduction in prices is expected to accelerate market growth over the next few years. In terms of product segments, piezoresistive and capacitive sensors have dominated the market; optical sensing technology is expected to pick up speed in the years to come. The significant number of pressure sensors used in aircrafts is expected to drive the military and aerospace segment.

Asia Pacific is expected to remain the highest revenue generator through the forecast period. This is mainly on account of growth in application sectors and increasing demand from countries such as India and China. High capital investment for production facilities and effective strategies to sustain in the intense competition are among a few requirements for market entry aspirants. Industry participants have been focusing on research and development activities in order to deliver innovative products spanning numerous end-use industries. Major market players include ABB Ltd., Analog Devices, Bosch, Delphi Corporation, Freescale Semiconductor Ltd., General Electric, Infineon, Siemens AG, STMicroelectronics N.V., and Emerson Electric Company among others.

This research report provides comprehensive market statistics and forecast for key segments, and provides complete industry landscape including drivers, restraints, regulatory scenario, technology trends and future opportunities. The report also provides detailed competitive landscape with company market share analysis and in-depth profiles of key market participants. Key regional markets analyzed and reported in this study include:
  • North America
  • Europe
  • Asia Pacific
  • RoW

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Critical elements of the report include:
  • Industry dynamics
  • Market challenges and opportunities
  • Technology & regulatory trends
  • Market estimate and forecast
  • Regional trends
  • Competitive trends

Why should you buy this report?

  1. This report provides comprehensive analysis of the market including Porter’s and SWOT analysis
  2. Complete identification and analysis of key industry dynamics including drivers, restraints, raw material trends and buyer behavior
  3. The study provides technology landscape and regulatory trends for building strategy
  4. Global and regional market estimates and forecast on volume and revenue basis for multiple market segments
  5. Detailed competitive landscape of the market, with profiles of key companies

Browse Full Report @ http://www.hexaresearch.com/research-report/pressure-sensors-industry/
About Us:

Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

Contact Us:


Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075