The source measure unit market is projected to grow at a CAGR of XX.XX% to reach US$XX.XXX billion by 2023, from US$XX.XXX billion in 2017. The source measure unit devices are instruments that are capable of sourcing voltage while simultaneously measuring current. The demand for source measure units (SMUs) is increasing on account of its ability to support faster test with improved accuracy as compared to the traditional means. Simultaneously, the use of SMUs tends to eliminate the need for de Read more...
The industrial metrology market is projected to grow at a CAGR of 5.64% to reach US$12.863 billion by 2023, from US$9.256 billion in 2017. Industrial metrology solutions are used for the measurement of different components for the purpose of inspection and evaluation to meet the stringent industry standards and regulation ensuring the optimal performance of the product. The use of industrial metrology solutions is increasing on account of its ability to significantly reduce the duration of inspe Read more...
The silica analyzer market is projected to grow at a CAGR of 6.51% to reach US$183.033 million by 2023, from US$125.375 million in 2017. The importance of measuring silica at the power plant cannot be understated as it directly affects the effectiveness of the turbines. If the level of silica in the water stream used in a power plant goes beyond the acceptable range, then it could significantly reduce the efficiency of the turbines. As such, the focus on optimizing the power generation pro Read more...
The automotive testing inspection and certification market is projected to grow at a CAGR of 9.12% to reach US$32.330 billion by 2023, from US$19.149 billion in 2017. The automotive manufacturers are increasingly focusing on installing components and use materials that improve the overall functionality and reduces the weight of the vehicle. The new material requires undergoing stringent testing mechanism in order to ensure safety of the passengers, which is significantly driving the automotive t Read more...
The total organic carbon analyzer market is projected to grow at a CAGR of 7.15% to reach US$1409.994 million in 2023 from US$931.675 million in 2017. The total organic carbon is one of the most important parameter for assessing the organic pollution of water. The importance of total organic compound cannot be understated since it is directly correlated with the wellbeing of the society. In fact, the total organic carbon are more specifically measured for maintaining the process control by the f Read more...
The global tabletop spirometer market is projected to grow at a CAGR of 4.39% to reach a value of US$855.575 million by 2025, from US$661.060 million in 2019. Air pollution levels are rising globally, primarily due to the increasing emissions from vehicles and the rising number of industries worldwide. This increase in the pollution level has resulted in a rise in the prevalence of Chronic Obstructive Pulmonary Disease (COPD), which is one of the leading causes of deaths, according to the Wor Read more...
The global optical time domain reflectometer market was valued at US$239.614 million in 2017 and is projected to expand at a CAGR of 11.72% over the forecast period to reach US$465.933 million by 2023. An optical time domain reflectometer (OTDR) is an optoelectronic instrument used to characterize an optical fiber by injecting a series of optical pulses into the fiber under test. It is an important instrument used by organizations to certify the performance of new fiber optics links and detect Read more...
In 2023, the market for hemodynamic monitoring systems is expected to reach US$669.05 million in 2017, increasing from US$917.28 million. During this period, it is projected to grow at a CAGR of 5.40%. Hemodynamic is a part of cardiovascular physiology which deals with blood circulation through the cardiovascular system. Hemodynamic monitoring systems help monitor adequate blood flow thus helping secure cardiovascular health, survival of patients post-surgery, longevity, and Read more...
The automated testing equipment market is projected to witness a CAGR of 3.83% during the forecast period to reach a market size of US$4.095 billion by 2023, increasing from US$3.269 billion in 2017. Automated testing equipment are used at various stages of manufacturing and testing to determine and certify that a product is ready to be commercialized as per the existing industry standards. The surge in manufacturing activities coupled with stringent government regulations regarding product qual Read more...
Global Remote Monitoring Spectrum Analyzer market is projected to witness a compound annual growth rate of XX.XX% during the forecast period to reach a total market size of US$XX.XX billion by 2022, increasing from US$XX.XX billion in 2017. Rapid expansion of wireless communications is one of the factors driving the demand for remote monitoring spectrum analyzers. Growing access to internet and rising number of mobile device users requires networks with no interference which will also boost the Read more...
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