Reference Thermometer Value Changes with Variations in Temperature

27-May-2019: The global reference thermometer market size is expected to reach USD 12.91 million by 2025 at a 5.4% CAGR during the forecast period, according to a new report by Grand View Research, Inc.Increasing manufacturing activities in developing and developed nations such as China and India are expected to bolster market growth over the forecast period.

A reference thermometer can be used as a temperature sensor as its resistance value changes with variations in temperature. These thermometers have been in use for a long period and find application in a host of industrial and laboratory temperature measurement processes such as petroleum lab, pharmaceutical lab, test facility, calibration lab, and pipeline flowmeter calibration. They are able to efficiently meet the need for accuracy, stability, repeatability, and reliability of measurement. Owing to the aforementioned features, the reference thermometer market is expected to witness high growth over the forecast period.

By device type, the handheld segment is expected to register the fastest growth owing to benefits such as portability. Furthermore, these devices are less expensive as compared to desktop devices, which are primarily used in the field of scientific research and development due to their enhanced accuracy.

 In depth research report on Reference Thermometer Market

https://www.grandviewresearch.com/industry-analysis/reference-thermometer-market

Further key findings from the report suggest:

·       The global reference thermometer market was valued at USD 8.59 million in 2017 and is expected to reach USD 12.91 million by 2025, expanding at a CAGR of 5.4% over the forecast period

·       Increasing manufacturing activities in developing and developed nations is a prominent factor anticipated to drive the market through 2025

·       By device, the desk-top segment is anticipated to witness considerable growth, registering a CAGR of more than 4.5% over the forecast period. This growth can be attributed to their precise calibration capability and provision of detailed analytical reports, which is a primary requirement in research processes

·       The handheld segment is driven by the feature of portability offered by these high-tech devices. This is anticipated to boost demand for the same over the forecast period

·       On the basis of application, the industrial segment generated the highest revenue in 2017 and is expected to register a CAGR of over 6.0% over the forecast period. Rise in manufacturing activities due to increased foreign investments in this sector, especially in Asia Pacific, has primarily fueled this segment

·       North America accounted for over 35.0% of the market in 2017 and is expected to register a CAGR of over 5.0% over the forecast period. This is owing to extensive manufacturing, power generation, and construction projects in the region and anticipated penetration of reference thermometers in these applications

·       Key players such as Wika Instruments Ltd., Fluke Corporation, and Dostmann Electronic GmbH dominated the market in 2017 owing to their emphasis on expanding their market presence through mergers and acquisitions.

Grand View Research has segmented the global reference thermometer market based on device type, application, and region:

Reference Thermometer Device Type Outlook (Revenue, USD Thousand, 2014 - 2025)

·       Handheld

·       Desk-top

Reference Thermometer Application Outlook (Revenue, USD Thousand, 2014 - 2025)

·       Industrial

·       Medical

·       R&D

·       Others

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https://www.grandviewresearch.com/industry/electronic-devices

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Biometrics Technology: Workforce Management Will Take a Place Among the Top Uses of Biometrics

27-May-2019: The global biometrics technology market size is likely to reach USD 59.31 billion by 2025, according to a new study by Grand View Research, Inc., experiencing a CAGR of 19.5% during the forecast period. Surging demand for biometrics technology across various applications is projected to favor the growth of the market over the coming years. Biometrics technology is used by various verticals in public, private, and commercial sectors to counter security threats. This is estimated to stimulate the growth of the market over the forecast period.

Widening scope of applications of biometrics technology in consumer electronics, in order to improve customer experiences, is poised to augment the market over the same period. Incorporation of biometrics technology into e-commerce applications can enable secure transactions and unfold ample growth opportunities to the market. High initial investment cost is anticipated to hamper growth prospects.

Biometrics technology is being increasingly acknowledged for e-passport programs and to keep a check on illegal migrations. Government organizations and defense services are further expected to experience sharp rise in the demand for the technology. In addition, it is used in banking and finance to increase efficiency and to prevent frauds. This is further likely to positively influence the growth of the market.

 In depth research report on Biometrics Technology Market

https://www.grandviewresearch.com/industry-analysis/biometrics-industry

Further key findings from the report suggest:

·       The transport/logistics segment emerged as the leading end-use segment in 2017 and is projected to exhibit a CAGR of 18.1% over the forecast period

·       The non-AFIS segment accounted for 38.1% of the overall market revenue in 2017. The technology is used in various enterprises to enable authorized access, owing to its accuracy and efficiency. AFIS applications are also poised to register a significant CAGR during the forecast period, owing to its use in fingerprint and palm identification for many civil applications

·       North America was the largest regional market in 2017. Biometrics technologies are used in various departments in the U.S., owing to their strict security standards

·       Asia Pacific is also anticipated to contribute significantly to the global market, due to increasing use of the technology in countries such as India, China, and Indonesia

·       The key market participants include Accu-Time Systems, Inc.; BIO-key International, Inc.; David-Link; EyeVerify, Inc.; and FaceFirst.

Grand View Research has segmented the global biometrics technology market based on application, end-use, and region

Biometrics Technology Application Outlook (Revenue, USD Million, 2014 - 2025)

·       Face

·       Hand geometry

·       Voice

·       Signature

·       Iris

·       AFIS

·       Non-AFIS

·       Others

Biometrics Technology End-use Outlook (Revenue, USD Million, 2014 - 2025)

·       Government

·       Banking and Finance

·       Consumer Electronics

·       Healthcare

·       Transport/Logistics

·       Defense & Security

·       Others

Browse more research reports of this category:

https://www.grandviewresearch.com/industry/electronic-security-systems-and-devices

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/

Growing Oil and Gas Exploration Activities have Triggered Demand for Industrial Valves and Actuators

14-May-2019: The global industrial valves and actuators market size is expected to reach USD 145.87 billion by 2025 at a 4.14% CAGR over the forecast period, according to a study conducted by Grand View Research, Inc. Growing demand in the industrial sector, technological advancements propelling use of smart valves and actuators, and stringent government regulations have bolstered market growth. Adoption of industrial valves and actuators has been on a continuous rise owing to the benefits they offer in controlling temperature and pressure throughout downstream, midstream, and upstream activities. Thus, growing oil and gas exploration activities have triggered demand for industrial valves and actuators.

Increasing global water stress, coupled with industrial wastewater disposal in aquatic ecosystems, has led to urgent need for water reclamation. In order to curb these rising issues, demand for effective treatment equipment systems have increased, thereby opening up immense opportunities in water and wastewater industries. Furthermore, 3D printing, also known as additive manufacturing (AM), has the potential to transform the production of industrial valves and actuators. A myriad of conventional designs and products, including check valves, gate valves, and servo valves, can now be developed using 3D printing technology. The technology is helping valve manufacturers in changing the approach from “Just-in-time (JIT) delivery” to “JIT manufacturing”.

Asia Pacific is expected to dominate the market over the forecast period owing to rising subsea explorations and increasing investments in industries such as chemical, water and wastewater, and energy and power. Moreover, expanding production of oil sands and shale gas in North America and growing exploration in regions such as Africa and Asia have spurred market demand. Replacement of old and inefficient valves with more efficient ones for gas transportation in midstream infrastructure is also anticipated to boost demand over the forecast period.

In depth research report on Industrial Valves and Actuators Market

https://www.grandviewresearch.com/industry-analysis/industrial-valves-and-actuators

Further key findings from the study suggest:

·       The linear actuator segment is expected to dominate the industrial actuator market by product owing to its preferred use for gate, globe, check, safety valves, among others

·       The market for ball valves is expected to dominate the industrial valves product segment owing to it wide demand across oil & gas, water & wastewater, chemical, and energy & power industries

·       Asia Pacific is expected to be the largest and fastest-growing region over the forecast period due to increasing demand from industries such as oil & gas, water & wastewater, and energy & power in emerging economies like China and India

·       Prominent industry participants include Emerson Electric Co., Flowserve Corporation, IMI plc, Schlumberger Limited, and AVK Holding A/S.

Grand View Research has segmented the global industrial valves and actuators market based on product type, system, end use, and region:

Industrial Valves and Actuators Product Outlook (Revenue, USD Million, 2015 - 2025)

·       Industrial Valves

·       Gate Valve

·       Globe Valve

·       Ball Valve

·       Butterfly Valve

·       Safety Valve

·       Plug Valve

·       Others (Diaphragm, Check)

·       Industrial Actuators

·       Linear Actuators

·       Rotary Actuators

Industrial Valves and Actuators System Outlook (Revenue, USD Million, 2015 - 2025)

·       Industrial Actuators

·       Mechanical Actuators

·       Electric Actuators

·       Pneumatic Actuators

·       Hydraulic Actuators

Industrial Valves and Actuators End-use Outlook (Revenue, USD Million, 2015 - 2025)

·       Oil & Gas

·       Chemical

·       Energy & Power

·       Water & Wastewater

·       Pulp & Paper

·       Food & Beverage

·       Others (manufacturing, electronics, marine, and textiles)

Browse more research reports of this category:

https://www.grandviewresearch.com/industry/sensors-and-controls

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more market analysis reports, please visit: http://www.grandviewresearch.com/