Stay ahead in the business world with Market Research News24 – Your go-to source for timely and insightful market research updates. Explore the latest trends, analyses, and industry reports, empowering you with the knowledge to make informed decisions in the dynamic landscape of global markets.

Connecting Power Navigating the HVDC Transmission Market

The HVDC transmission market generated about a value of USD 11.3 billion in 2023. The industry will grow at a compound annual growth rate of 5.5% and touch USD 16.4 billion by 2030. This has a lot to do with the growing demand for electricity at a global level, gradual shift toward renewable energy sources, initiatives of the government for grid development, and tech progressions in T&D.


Of late, a major trend in the sector has been the fast progression in the VSC tech. HVDC systems based on it offers improved control, reliability, and competence, which makes them textbook for grid modernization and the incorporation of renewable energy sources. 

Also, grid management systems can offer instantaneous monitoring, predictive upkeep, and sophisticated problem discovery with cutting-edge VSC tech. With it, the grid's reliability and performance can also be enhanced.

One substantial initiative by the Indian government regarding this is the NEP, which includes the construction of novel transmission lines and the advancement of the present HVDC lines. India launched its first HVDC system based on VSCs in June 2021, when a 320-kV, 2,000-MW line connecting Pugalur in Tamil Nadu to Thrissur in Kerala went online.

APAC HVDC transmission market is the leader of the pack, with 50% share, in 2023, because the region is developing at a fast pace and mounting economically too. This is itself because of a high awareness of manufacturing plants of several industries, as well as aerospace, chemicals, electronics, automotive, and general heavy engineering. 

The main drivers for the regional industry are the tax breaks, lower labor costs, and other industry-friendly laws, which decrease the cost of the formed goods for customers.

China is the largest in the region, and it has a substantial industrial base, which powers the energy demand. Hence, it has introduced more than a few HVDC projects to help meet the rising energy requirements.

On the basis of project type, the point-to-point has the largest share. These projects are employed when a lot of power requirements to be sent amid two converter stations. As a result of their reliability in conveying heavy power loads, bipolar designs in point-to-point transmission have seen a key growth in acceptance in the APAC region recently. Additional factor powering the industry expansion in this category is the increasing importance of European nations on the usage of renewable energy and the subsequent need for effective energy transmission.


Share:

Rising Demand for Class D Audio Amplifier Led by Rising Usage of Smartphones

The class D audio amplifier is projected to rise in the coming years. The audio amplifiers are used for reproducing the input audio signals at sound-producing output elements, with desired power levels and volume at low distortion.

Audio frequencies usually range from 20 Hz to 20 kHz, so the amplifier gives a good frequency response in this range. Power capabilities vary massively relying on the application, from milliwatts in headphones to a few watts in PC audio or TV, to tens of watts for mini home stereos for automotive audio and mini home stereos, to hundreds of watts or more for powerful commercial and home sound systems.


A direct implementation of analog involves an audio amplifier to utilize transistors in linear mode to develop an output voltage, that is concerned with as input voltage copy. The forward voltage gains primarily high. If the feedback loop involves forward gain, then the overall loop gain is high.

Feedback is also utilized for improving performance in high loop gain. It involves suppressing distortion caused by nonlinearities in reducing the power supply noise and forward path, by increasing the power-supply rejection.

In a conventional transistor amplifier, the transistors supply instantaneous continuous output current in the output stage. There are numerous possible implementations for audio systems, such as Classes A, AB, and B. The output stage dissipates large power compare to Class D designs. The difference offers major advantages of Class D in various applications due to lower power dissipation that produces less heat and saves space, cost, and circuit board, with increasing the life span of the battery in portable systems.

Linear-amplifier output stages are used for directly connecting to the speaker. The bipolar junction transistors usually operate in the linear mode, if utilized in the output stage. The output stage involves MOS transistors implementation.

The class D modulators' implementation in various ways, supports a massive quantity of relevant research and intellectual property.

All the Class D modulation techniques involve encoding information on an audio signal into a pulse stream. Usually, the pulse widths are connected to audio signal amplitude, and the pulse spectrum includes undesired high-frequency content and desired audio signal.

The total power in the time-domain waveforms is similar, it results in the same total integrated high-frequency power in all schemes. This energy is shaped for the elimination of the tones, with a higher noise floor.

The major players operating in the industry are; Texas Instruments Incorporated, Infineon Technologies AG, ROHM Co. Ltd., NXP Semiconductors N.V., Analog Devices Inc., STMicroelectronics N.V., and Monolithic Power Systems Inc.

Therefore, the demand for class D audio amplifiers is rising due to the high capacity for amplifying low-amplitude sound signals to higher-amplitude sound signals and increasing the battery life of devices in which they are used.


Share:

Machine Condition Monitoring Equipment, Making the Machine More Efficient

Machine condition monitoring can evaluate the machine health over a period of time. This can improve its efficiency, since losses in competence might indicate an underlying issue. It also comprises deterioration of parts, performance indicators for example production of defective parts, use and maintenance statistics.

Currently, key manufacturing industry functions with primitive maintenance strategies, frequently maintaining their equipment on the basis of a reactive or calendar-based method. The reason for this is that most of the manufacturers do not have the machine condition data for informing them of the operational health of the machine.

Importance of Machine Condition Monitoring

Machine condition monitoring is significant for leading manufacturing facilities for the reason that it decreases downtime, increases production competence, and supports cost prediction, supply of spare parts, upkeep requires and timing, along with more precise production predictions.

Machine condition monitoring supports manufacturers squeeze more out of their prevailing equipment, deprived of spending time and budget on needless maintenance. They can do this for the reason that they have deeper, precise insight into the performance of their machine, which can be utilized for enhanced decision-making.

What are the Benefits of Machine Condition Monitoring?

There are many benefits of machine condition monitoring. One key  advantage of condition monitoring is growing the durability of machines. If a precise parameter is unceasingly out of predictable ranges, particularly factors that could harshly damage a machine or its parts, then fundamental issues can be measured and fixed before an interruption or lasting, costly damage occurs.

Like this, it decreases downtime along with cost of the parts, because machines can be utilized for their supreme efficiency. This is particularly significant for 24/7 facilities, and producers running a light out factory.

Machine condition monitoring helps in numerous manufacturer goal, as well as:

  • Decreasing and removing unintended downtime of the machines
  • Enhancing health and performance of machines
  • Improving eminence and reducing scrap parts
  • Powering a higher accomplishment maintenance program on the basis of precise machine data
  • Allowing automation on the basis of instantaneous machine condition data

Coming to a Concrete Conclusion

It is because of the growing requirement for smart factories, the demand for machine condition monitoring equipment will continue to grow significantly. The total value will reach USD 4,946 million, by the end of this decade.

 

Share:

Most Baby Diapers Are Used By North America

The total size of baby diapers market was about $65 billion in 2021, and it will touch a value of around $98 billion by 2030, growing at a rate of approximately 5% in the years to come. 

The increasing consciousness with regards to personal hygiene, growing population, rising population of working women, and introduction of biodegradable diapers play a major role in industrial growth.

Disposable diapers were the most demanded in the past with over 64%, because of the growth in the number of newborns and rising income in emerging economies. 

The offline category had a share of over 70% in the recent past. The growing preference of manufacturers for offline stores for distributing their products and the higher profits these stores offer because of their acceptance among clientele drives product sales through traditional physical establishments.

 The easy obtainability of products, together with the huge store count, are other factors supporting sales of diapers with the help of an online channel.

The online category will grow substantially because of the increasing use of the internet and the availability of a variety of products. To evade the struggle of physical shopping, consumers prefer online stores and take advantage of attractive discounts and deals.

North America is dominating the baby diapers market, with over 30%.  The increasing purchasing power of consumers enables them to buy quality baby items at any price. 

As the requirement for natural and organic products increases in the U.S., businesses are focused on natural ingredients, improvement of performance, and hygiene, for appealing to modern parents.

Owing to the immense growth of the population in developing nations, the usage of diapers is snowballing. As the income of consumers is increasing, they are giving heed to personal and baby hygiene. Good hygiene is important for preventing many communicable diseases, including fecal–oral diseases, and endorses better health.

For achieving the greatest health benefits, people focus more on improving hygiene practices. Modern diapers are layered allowing the distribution and transfer of urine to a penetrable structure, where it is locked. These products care for cleanliness, hygiene, and comfort to babies.

Hybrid diapers have reusable inserts, disposable and can absorb the baby's excreta. These are environment-friendly substitutes to traditional disposable ones, as it is biodegradable and organic. The materials put to use in their making are breathable, soft, and comfortable making them the first choice of mothers, thus helping the demand for baby diapers.


Share:

IoT Microcontroller Market To Reach USD 13,898.0 Million By 2030

The IoT microcontroller market garners USD 4,836.9 million in revenue in 2021, and it is projected to rise at the rate of 12.4% from 2021 to 2030, to hit USD 13,898.0 million in revenue in 2030, according to a research report by market research company P&S Intelligence.

The growth is mainly driven by the snowballing usage of IoT in several sectors. Additionally, the need for connected items, including household appliances, smartphones, televisions, tablets, gaming consoles, and security systems is likely to raise, thereby boosting the industry.

Another reason projected to lift the growth of the industry in the future is the increasing shift toward automation across several sectors. Technological developments in IoT applications, which will offer customers better and more modern smart items, are expected to drive the demand for microcontrollers in the coming few years.

Moreover, IoT technologies are renovating medical research by enabling the examination of large amounts of extremely complex medical data, such as metagenomics, genomic data, and bioinformatics. The acceptance of Wi-Fi and IoT, also spending on healthcare devices, will probably offer fascinating opportunities in the industry, therefore boosting the IoT microcontroller market's growth in the future as well.

The 32-bit microcontroller category is projected to grow at the highest CAGR of above 12.5%, in the coming few years, on the basis of product. This can be credited to the better functional abilities of such variants, which are supportive of cutting-edge IoT applications, small implanted medical devices, and Industrial 4.0 processes.

The industry is mainly boosted by the smart home category, which is projected to witness the highest CAGR, of above 12.5%, in the coming few years, based on the application. The advances in app-controlled smart devices have formed huge demand for secure, safe, and energy-efficient processes, such as lighting, HVAC, and energy management, which is projected to boost the smart home industry development in the coming few years.

In the coming few years, the APAC industry is projected to develop at a CAGR of around 12.5%. The quick developments in the automobile sector in this APAC, mainly in terms of interactive vehicle care systems, are predicted to fuel the requirement for IoT microcontrollers in the coming few years.

Furthermore, the increasing demand for smart houses and consumer electronic items, including tablets, smartphones, smartwatches, and smart televisions, is projected to boost the demand for the microcontroller in the region.

Hence, the snowballing usage of IoT in several sectors. Additionally, the need for connected items, including household appliances, smartphones, televisions, tablets, gaming consoles, and security systems will drive the IoT microcontroller industry. 


Share:

Smart Homes Market Will Reach $196.5 Billion by 2030

The smart homes market was valued at $82.0 billion in 2021, and it is set to reach $196.5 billion by 2030, growing at a CAGR of 10.2% between 2021 and 2030, according to a research report by a market research company P&S Intelligence.

This can be ascribed to the increasing per-capita income of people from developing countries, the growing number of internet users, the budding importance of remote home monitoring, and the growing acceptance of smart devices. 


The surge in the need for convenience among the people, increase in safety concerns, the boom in the need for energy-saving solutions, and the expansion of smart home product portfolios by the players are propelling the industry.

The snowballing usage of advanced technologies, including machine learning, automated solutions, IoT, artificial intelligence, and wireless lighting is constantly impacting the revenue of the industry. The requirement for value-based home automation solutions is increasing extensively because of the growing purchasing power of the customers, allowing them to accept cloud-based smart home solutions for improved comfort.

Furthermore, lighting in an average house consumes approximately 15% of the total electricity, and around $225 can be saved by using smart LEDs in a year. The variety of features includes various color tones as per demand, energy usage monitoring, dimming, automatic on/off, and ZigBee connectivity. The growing acceptance of voice assistant platforms and IoT devices are contributing to the growth of the industry.

The entertainment category held the largest revenue share in the past. This can be accounted to the wide range of solutions given by technology providers for operating and controlling these systems in a house. For example, an Amazon product, Alexa can control lights, and tell sports scores and news, and alarms, and update customers with other real-time information.

North America will dominate the market in the years to come. The major factors behind the growth of the smart homes market in this region are the increasing need for cost-efficient and reliable home management systems, and the increasing requirement for integrated smart devices, including, voice assistants, IoT-enabled devices, and tablets. 

The APAC region is projected to grow at the highest rate, of approximately 11.1%, in the years to come. This can be credited to the snowballing requirement for intelligent homes in China, Korea, and India.Apart from this, there is an existence of a wide consumer base, and the fast technological progress.

Hence, the surge in the need for convenience among people, growth in safety concerns, the boom in the need for energy-efficient solutions, and expansion of smart home product portfolios by the players will increase the demand smart homes in the future.


Share:

Powering Progress Exploring the GaN Semiconductor Devices Market

The size of the gallium nitride semiconductor market will power at a compound annual growth rate of 22.1% during 2022-2030, to touch a value of USD 72,813.1 million by 2030.

The features like higher energy efficiency, faster device speed, and lower costs provided by GaN semiconductor devices over silicon semiconductor devices, such as computers, smartphones, televisions, and cameras, are likely to propel the growth of the industry.


The surging demand for energy-efficient GaN components and semiconductors in wired communications will propel the growth of the industry. Internet service providers are mainly focused on incorporating high capacity, ubiquitous connectivity, and low-latency networks using optical cables in the telecommunication sector.

The use of these semiconductors in the automotive sector for indoor and outdoor lights, automotive lights, and pulse-powered laser systems, is increasing, which fuel the growth of the industry in this category.

The power IC category accounted for the majority of the gallium nitride semiconductor devices market share. The need for GaN-based power ICs is increasing, due to their features, including collision avoidance, efficient navigation, and real-time air traffic control.

The 6-inch category is expected to witness the highest CAGR, of around 25%, in the coming years. 

This is due to the advantages of the 6-inch GaN semiconductors, such as precise current control and uniform voltage supply, which lead to their rising applications for automotive collision-avoidance devices, power amplifiers of wireless cellular base stations, and defense equipment, in the automotive, consumer electronics, and defense sectors.

Defense and aerospace industry is growing at a highest rate which leads to increased demand for GaN semiconductor devices because they improve data transmission and execution dependability in armed services, communications, and radars.

GaN ICs are also vastly used in radars to enable collision resistance policy, empower efficient navigation, and enable real-time air traffic surveillance. Also, these semiconductors are widely used in military jammers and terrestrial radios

North America accounted for the largest revenue share of the gallium nitride semiconductor devices market, and it is will generate around USD 26 billion revenue by 2030. This is due to the rising internet penetration and the huge adoption of smartphones. 

5G network would cover more than half of the region by 2030. Moreover, mobile operators are heavily investing in content and media capabilities, along with 5G services and IoT applications.

Growing use of GaN for commercial purposes and surging demand for electric vehicles which heavily employ GaN semiconductors are some factors which will propel  the industry in near future.


Share:

Rising Number of Smart Cities Boosts APAC Solar Street Lighting Market

The APAC solar street lighting market was USD 2,315.9 million in 2023, which will rise to USD 6,691.2 million, advancing at a 16.4% CAGR, by 2030. The growth is mainly because of the reducing costs of such solutions, the growing count of smart cities, and the increasing urbanization in emerging economies.



A key trend observed in this industry is the increasing acceptance of smart solar streetlights. Moreover, smart lighting systems are power-effective because they employ LED lights and offer distinctive sensors and control units in every lamp, which allow data communication to central controlling systems.

The standalone category, on the other hand, will advance at the highest rate, of 16.6%, in the coming years. Companies in this sector have been working on heat-resistant, off-grid standalone lighting solutions, which have resulted in the enhancement of the function of these lighting types, making them more accessible.


The solar panel category, based on component, was the largest contributor to the APAC solar street lighting market in 2023, with a 35% share. This can be because it is essential for the operation of entire street lighting via renewable energy. 

The new category, based on installation, will advance at the fastest rate, of 16.8%, in the years to come. This will be because of the rising government initiatives for LED light installation in this region, particularly in China and India.


The highways & roadways category, on the basis of application, led the industry in 2023, with a 25% share. This can be mainly because of the rising government emphasis on developing high-class infrastructure and the increasing placement of outdoor lighting on roadways and highways.

China led the industry, and it is likely to advance at a 17.0% compound annual growth rate, in the coming years. This can be mainly because of the continuing building of several highways, streets, flyovers, and airports; and the increasing urbanization.


With the growing number of smart cities in this region, the APAC solar street lighting industry will advance continuously in the coming years.


Share:

Google Search

Popular Posts

Labels

Recent Posts

Label Cloud

Pages