The lyophilization equipment market was valued at US$13.475 billion in 2018 and is expected to grow at a CAGR of 8.34% over the forecast period to reach a total market size of US$21.792 billion in 2024. Lyophilization is a process of removal of water from a product by sublimation. The frozen product is placed under vacuum so that ice can change directly from solid to vapor. Lyophilization equipment is a tool that facilitates the process. This process is used to store heat-sensitive materials Read more...
The optical measurement market is projected to grow at a CAGR of 7.65% to reach US$6.012 billion by 2024, from US$3.863 billion in 2018. The optical measurement solutions are used for the measurement of different components for the purpose of development, inspection and evaluation of products to ensure it meets the stringent industry standards and regulation enabling the optimal performance of the product. The optical measurement market is estimated to grow substantially on account of its abilit Read more...
The over the air testing (OTA) market is projected to grow at a CAGR of 12.06% to reach US$2.624 billion by 2024, from US$1.325 billion in 2018. These are the tests which are able to predict the wireless performance, reliability and safety of the device. Stringent government regulations regarding the overall performance of the device will drive the demand for OTA testing solutions. In addition, growing demand for smart devices including smartphone, tablets, smartwatches, and laptops will further Read more...
The global source measure unit market is expected to grow at a CAGR of 11.27% over the forecast period to reach a total market size of US$XX975.160 million by 2025, increasing from US$513.816 million in 2019. The source measure unit devices are instruments that are capable of sourcing voltage while simultaneously measuring the current. The demand for source measure units (SMUs) is increasing on account of its ability to support faster tests with improved accuracy as compared to the tradi 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...
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