VOC Sensors are Widely Used in Air Monitoring Devices to Observe Emission Levels

6-Nov-2019: The global volatile organic compound gas sensor market size is anticipated to reach USD 186.7 million by 2025, registering a CAGR of 4.0% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. The detection of volatile organic compound (VOC) gases in the air has received considerable attention and is becoming increasingly important in the development of leak detection devices. This factor is anticipated to drive the market growth.

A VOC gas sensor is an electronic device that detects the presence of gases such as benzene, methylene chloride, propane, acetone, and ethanol, among others in a particular area and is often integrated into a safety system. These sensors are integrated into leak detection devices and consume low power.Technological developments, such as enhancement of MEMS sensors and PID sensors for detection of VOC emission are expected to create growth opportunities for the market.

VOC sensors are widely used in air monitoring devices to observe emission levels owing to their unique properties such as high sensing performance, portability, and compact size among others. However, these sensors still exhibit limitations such as poor selectivity and lack high operating temperatures. Hence, to counter these challenges, companies are coming up with advanced MEMS sensors to overcome the limitations.

The infrared-based VOC gas sensor is anticipated to witness substantial growth as it enables the accurate measurement of a wide variety of VOC gases with benefits such as instantaneous results, ease of operation, and low cost. Moreover, increased adoption of VOC gas sensors can be attributed to the high need for safety in the oil and gas sector. This is anticipated to further create growth opportunities for the volatile organic compound gas sensors market.

In depth research report on Volatile Organic Compound Gas Sensor Market

https://www.grandviewresearch.com/industry-analysis/volatile-organic-compound-gas-sensor-market

Further key findings from the report suggest:

·       Stringent regulations such as the World Health Organization (WHO) Air Quality Guidelines for Europe have specified the permissible levels of formaldehyde, toluene, and tetrachloroethylene gases that are released in the atmosphere as a result of industrial processes

·       Single gas detection sensors are majorly used in automotive applications and are widely used for the detection of VOC gases such as combustible gases, acetone, butadiene, xylene, toluene, tetrachloroethylene, methylene chloride, and benzene, among others

·       PID sensors can detect concentrations of explosives and hydrocarbons below the Lower Explosive Limit (LEL). Therefore, they are ideal for applications such as monitoring and controlling of decontamination and leak detection in closed rooms and confined spaces

·       The use of VOC sensors is growing at a rapid pace for real-time tracking of reservoir environment, monitoring of pipelines, monitoring of benzene leaks, and remote monitoring of plant equipment

·       Key players in the VOC gas sensors market include ABB Ltd., Siemens AG, Aeroqual Limited., Alphasense, City Technology Ltd., Bosch Sensortec, and SGX Sensortech among others

Grand View Research has segmented the global volatile organic compound gas sensors market on the basis of type, technology, application, and region:

Volatile Organic Compound (VOC) Gas Sensor Type Outlook (Revenue, USD Million, 2014 - 2025)

·       Single Gas Detection Sensor

·       Multiple Gas Detection Sensor

Volatile Organic Compound (VOC) Gas Sensor Technology Outlook (Revenue, USD Million, 2014 - 2025)

·       Photo-Ionization Detector (PID)

·       Infrared-based Detection

·       Metal-oxide Semiconductor

·       Others

Volatile Organic Compound (VOC) Gas Sensor Application Outlook (Revenue, USD Million, 2014 - 2025)

·       Oil & Gas

·       Agriculture

·       Automotive

·       Chemical Industry

·       Manufacturing

·       Food & Beverages

·       Metals & Mining

·       Others

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

About Grand View Research

Grand View Research, Inc. is the 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/

Electric Grill Market Size is Expected to Reach USD 5.21 Billion by 2025: Grand View Research, Inc.

22-Oct-2019: The global electric grill market size is expected to reach USD 5.21 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 5.1% during the forecast period. Several factors including shifting preference for at-home grilling system as well as fulfilling leisure time in cooking activities on account of increasing interest for experimental cooking is expected to drive the market.

Barbecuing has evolved beyond just a pastime and has become an integral part of consumer lifestyle, owing to the changing lifestyle attributed to rising disposable income. The passion for adding flavors to food as well as entertaining family and friends, is gaining a prominent share in developing the market for electric grills. According to the Hearth, Patio & Barbecue Association (HPBA), in July 2017, 72% of consumers opted for flavor, 52% opted for lifestyle, and 40% consumers opted for entertainment as their source of grilling food at home. In addition, factors such as convenience, accounted for 33%, hobby accounted for 19%, flexibility accounted for 18% and health accounted for 18% as well in North American.

The prominence of charcoal grills and gas grills is likely to affect the sales of electric grills in near future. The preference of consumers to add authentic taste and coal flavor particularly among the baby boomers generation is likely to drive the market. Although, the increasing occurrence of fire damages by these dominant grilling products is expected to drive the consumers towards electric grill appliances.

Growing demand for residential application is witnessed in Asia Pacific and Africa. The changing lifestyle of consumers, particularly in the developing economies, has led to growth in sales of the product. Increasing consumption of street food in countries, such as China and Japan are expected to propel the regional growth. Street food comprises the best available food in China and people prefer to add natural fiery taste to their food.

The commercial application led the global as well as North America market. The vast market for grilled food owing to its natural taste and associated health benefits prevail in countries like U.S. and Canada. Moreover, according to the HPBA, 35% of U.S. consumers planned to purchase a new grill or smoker in 2017. Most of the buyers are likely to replace or upgrade their current grill appliance.

In depth research report on Electric Grill Market

https://www.grandviewresearch.com/industry-analysis/electric-grill-market

Further key findings from the report suggest:

·       In terms of revenue, electric griddles t is projected to ascend at a CAGR of 5.4% from 2019 to 2025

·       Commercial application led the global market with an overall revenue share of over 57.2% in 2018

·       North America led the global electric grill market in 2018, which constituted for 34.8% of revenue share

·       The market is highly competitive in nature with the main players including The Middleby Corp., Taylor Company, Roller Grill International, The Holland Grill Company Inc., Dimplex North America Limited. Various manufacturers are concentrating on new product launches, focusing on product differentiation and technological advancements.

Grand View Research has segmented the global electric grill market on the basis of product, application, and region:

Electric Grill Product Outlook (Revenue, USD Million, 2015 - 2025)

·       Electric Smokers

·       Electric Griddles

Electric Grill Application Outlook (Revenue, USD Million, 2015 - 2025)

·       Residential

·       Commercial

Browse more research reports of this category:

https://www.grandviewresearch.com/industry/electronic-and-electrical

About Grand View Research

Grand View Research, Inc. is the 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/

Leak Detection and Repair (LDAR) Market Hit USD 24.47 billion by 2025: Grand View Research, Inc.

12-Sep-2019: The global leak detection and repair market size is anticipated to reach USD 24.47 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 5.4% during the forecast period. Leaking equipment, pumps, valves, and connectors in the oil & gas industry are the major sources of volatile hazardous air pollutants (VHAP) and volatile organic compounds (VOC) emissions. EPA has laid down LDAR regulations for monitoring of such equipment for possible leakages. An LDAR program is a system of procedures that help to reduce the emission of VOCs and VHAPs. This program conducts audits of all components in the oil and gas industries and detects changes, if any, such as changes in gas emission level or temperature level.

Methane is a dominant greenhouse pollutant and is considered 80 times more powerful and harmful than carbon dioxide, a major greenhouse gas. In addition, methane contributes approximately 25.0% to global warming. Hence, various governments are introducing regulations and initiatives to reduce methane emissions.

Apart from government initiatives, various oil and gas producers, transmission, and distribution companies in the U.S. are actively collaborating to devise measures and deploy systems to reduce methane emission. Our Nation’s Energy Future (ONE Future) initiative was formed by 8 major U.S. companies (including Southwestern Energy, BHP Billiton Ltd., and Apache Corp.) in 2014 with an emphasis on collectively achieving methane emissions to one percent (or less) of the total natural gas production. Moreover, developments in oil and gas pipeline in countries in Asia Pacific such as China and India, due to rising energy demand, are expected to boost the growth of the market over the forecast period.

Both portable and fixed gas leak detection systems are used to detect leaks in the oil and gas industry. Currently, most of the oil and gas pipelines are equipped with flow rate measurement sensors. In case of a leak, sensors detect drops in pressure. However, according to a report by the U.S. Department of Transportation, these sensors are successful in detecting leaks only around 40.0% of the time.

In depth research report on Leak Detection and Repair (LDAR) Market

https://www.grandviewresearch.com/industry-analysis/leak-detection-repair-ldar-market

Further key findings from the report suggest:

·       Low-cost operation, high accuracy, and sensitivity in leak detection, environmental concerns regarding emission of harmful greenhouse gases, and support provided by governments and regional associations are among the primary growth stimulants for the market

·       Presence of the largest oil and gas pipeline network and concentration of major oil and gas producing and refining companies in North America are expected to offer a high-potential market for the deployment of gas leak detection, monitoring, and repair systems over the forecast period

·       Major American and European oil & gas companies are focusing on increasing their presence in Asia Pacific through acquisitions and investments

·       National oil companies in APAC such as Oil and Natural Gas Corporation, China National Offshore Oil Corporation, and Petronas are also expanding their operations to capitalize on the region’s rapidly growing market

·       Latin American Energy Organization (OLADE) is focusing on development of natural gas-based energy generation infrastructure through public-private partnerships. Natural gas is expected to play a vital role in the development.

Grand View Research has segmented the global leak detection and repair (LDAR) market based on product, technology, and region:

Leak Detection and Repair Product Outlook (Revenue, USD Million, 2014 - 2025)

·       Handheld Gas Detectors

·       UAV-based Detectors

·       Vehicle-based Detectors

·       Manned Aircraft Detectors

Leak Detection and Repair Technology Outlook (Revenue, USD Million, 2014 - 2025)

·       Volatile Organic Compounds (VOC) Analyzer

·       Optical Gas Imaging (OGI)

·       Laser Absorption Spectroscopy

·       Ambient/Mobile Leak Monitoring

·       Acoustic Leak Detection

·       Audio-Visual-Olfactory Inspection

Browse more research reports of this category:

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

About Grand View Research

Grand View Research, Inc. is the 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/

Metal Fabrication Equipment Market Hit USD 92.84 Billion by 2025: Grand View Research, Inc.

26-Aug-2019: The global metal fabrication equipment market size is projected to reach USD 92.84 billion by 2025, expanding at CAGR of 3.90%, according to a new report by Grand View Research, Inc. The market is fueled by rapid industrialization in developing economies from the Asia Pacific amid increasing population and the need for advanced infrastructure.

The demand for metal fabrication equipment is dominated by applications such as job shops, automotive, and ancillary industries among others. The automotive industry, under continuous evolution in terms of technology and materials used, is a major application segment for the advanced state-of-the-art equipment. Changing technological and raw material requirements are a result of increased the stringency of emission and safety norms imposed by governments across the globe.

The Asia Pacific leads the metal fabrication equipment market with the majority of machines consumed in China followed by Japan and South Korea. The Chinese fabrication equipment manufacturing base is huge and still imports most of the advanced machinery from the European manufacturers based in countries such as Germany and Switzerland. Other emerging economies such as India, Indonesia, and Vietnam are expected to further drive the regional demand for fabrication equipment.

The metal fabrication equipment market has experienced stagnation in demand over the last few years owing to the global economic slowdown. Europe and North America experienced the excessive downfall in terms of sales from 2009 to 2015, due to the recession. However, the European automotive industry has regained momentum and the market is expected to continue surging over the forecast period. North America is anticipated to be driven by the exponential growth in automotive manufacturing in Mexico coupled with the growth of the Electric Vehicle (EV) segment in the U.S. The surge in electric vehicle manufacturing has compelled the use of advanced fabrication equipment capable of operating across a variety of metals and composites.

 In depth research report on Metal Fabrication Equipment Market

https://www.grandviewresearch.com/industry-analysis/metal-fabrication-equipment-market

Further key findings from the study suggest:

·       Mechanical component is expected to be the fastest growing application segment with an estimated CAGR of 4.26% from 2018 to 2025

·       Aerospace and defense manufacturing industry is one of the most significant emerging application segments

·       U.S. metal fabrication equipment market is estimated to be the fastest growing in North American region, registering a CAGR of 3.81% over the forecast period

·       The South Korea job shops segment is expected to reach USD 1.56 billion, registering a CAGR of 4.31% from 2018 to 2025

·       Key market players are Amada Corporation, TRUMPF, and Bystronic Laser AG.

Grand View Research has segmented the global metal fabrication equipment market on the basis of type, application, and region:

Metal Fabrication Equipment Type Outlook (Revenue, USD Billion, 2015 - 2025)

·       Cutting

·       Machining

·       Welding

·       Bending

·       Others

Metal Fabrication Equipment Application Outlook (Revenue, USD Billion, 2015 - 2025)

·       Job Shops

·       Automotive

·       Aerospace & Defense

·       Mechanical Application

·       Others

Browse more research reports of this category:

https://www.grandviewresearch.com/industry/semiconductors

About Grand View Research

Grand View Research, Inc. in the 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/

How Servo Motors Help to Reduce Operating Time?

30-July-2019: The global servo motor market size is expected to attain a market size of USD 14.4 billion by 2025, registering a CAGR of 6.4% over the forecast period, according to a new report by Grand View Research, Inc. Servo motors help reduce operating time and save costs of inventory processes and manufacturing. Development of efficient and advanced automation technologies, easy integration and use of motion control components in motors, and increased adoption of energy-efficient international standards are prime growth drivers of the market. Rising demand for energy-efficient motors has resulted in a shift from standard energy-efficient electric motors to premium ones. This shift in trend is directly contributing to rising demand for servo motors as well revenue growth of motor manufacturers.

Technological advancements in the servo motors market have been focused on reducing the weight and size of motors and increasing the torque. The latter has been achieved with the use of rare earth magnets. Suppliers such as GE Fanuc have introduced motors offering a high and continuous torque rating for use in applications such as injection molding. Additionally, Yaskawa Electric Corporation is focusing on winding techniques and improvements in high-energy product magnet materials. To keep prices stable, production techniques are becoming increasingly important. Just-in-time manufacturing is being widely used and production of servo motors is itself automated.

The market environment has become favorable for advanced technologies with users increasingly investing in designs that offer greater performance and reliability as well as higher efficiency. Greater customer confidence and understanding of these benefits has boosted demand for servo motors. Additionally, manufacturers are focusing on value-added and improved profitability as a means to maintain their competitiveness. This has led customers investing large amounts in newer and more advanced technologies such as servo motors.

Factors such as volatile prices and availability of raw materials, easy availability of substitute motors, and complex manufacturing processes are key restraints to market growth. However, declining prices of and increasing demand for servo motors are expected to lead to steady market growth.

In depth research report on Servo Motor Market

https://www.grandviewresearch.com/industry-analysis/servo-motor-market

Further key findings from the report suggest:

·       The servo motors market is anticipated to register a CAGR of 6.4%. Growth can be attributed to increasing focus on construction activities and infrastructure development, thus necessitating the replacement of old motors with new energy-efficient ones

·       DC motors are commonly used in automotive, metal processing, and HVAC industries as they help manufacturers in efficiently utilizing energy and meeting rising demand for cost optimization

·       The flourishing automotive industry and advantages offered by these devices such as reduced size, high accuracy and speed, higher torque, and lightweight machines are driving the market across the automotive sector

·       Servo motors are also used for automation in industrial processes, resulting in fewer errors, high throughput, lower manpower requirement, and reduced cost

·       Asia Pacific is expected to witness the highest and fastest growth over the forecast period. Factors such as positive economic outlook, growing manufacturing industries, and increasing production and sales of electric vehicles are expected to drive demand in this region

·       Companies are focusing on expanding their market presence through mergers and acquisitions and are increasingly investing in research and development activities to improve their product offerings.

Grand View Research has segmented the global servo motor market on the basis of motor type, application, and region:

Servo Motor Type Outlook (Revenue, USD Million, 2014 - 2025)

·       AC motor

·       DC motor

Servo Motor Application Outlook (Revenue, USD Million, 2014 - 2025)

·       Industrial Machinery

·       Motor Vehicles

·       HVAC Equipment

·       Aerospace & Transportation

·       Household Appliances

·       Others

Browse more research reports of this category:

https://www.grandviewresearch.com/industry/semiconductors-and-electronics

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/