Mitsubishi Electric

Distributed Control Systems (DCS) In The Oil And Gas Market size to increase by USD 833.28 million during 2023-2028| Emergence of new refinery projects to drive the growth- Technavio

Retrieved on: 
Thursday, December 7, 2023

These factors collectively contribute to an increased demand for DCS systems within refineries, boosting the growth of Distributed Control Systems (DCS) in the oil and gas market.

Key Points: 
  • These factors collectively contribute to an increased demand for DCS systems within refineries, boosting the growth of Distributed Control Systems (DCS) in the oil and gas market.
  • The report analyses the market size and growth and provides accurate predictions on the growth of the market.
  • Virtualization of DCS in oil and gas, utilizing hypervisors, is emerging, enabling virtual machines for automation control systems.
  • Oil futures serve as critical indicators influencing the demand and operational dynamics shaping the utilization of Distributed Control Systems (DCS) in the oil and gas market.

Satellite Market size to increase by USD 14.53 billion from 2023 - 2028 | Accelerating demand for satellite navigation equipment drives market growth - Technavio

Retrieved on: 
Wednesday, December 6, 2023

The market size is projected to grow by USD 14.53 billion, accelerating at a CAGR of almost 3.31% during the forecast period.

Key Points: 
  • The market size is projected to grow by USD 14.53 billion, accelerating at a CAGR of almost 3.31% during the forecast period.
  • The increasing demand for satellite navigation equipment arises from their diverse applications in surveillance, reconnaissance, and navigation missions.
  • The satellite market is set for significant growth driven by increased demand for satellite navigation equipment and expanding applications like satellite-based telemetry.
  • Satellite Phone Market: The satellite phone market size is estimated to grow at a CAGR of 4.2% between 2022 and 2027.

Power Electronics Market worth $61.0 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, December 4, 2023

Silicon holds the largest market share in the production of a multitude of power electronics.

Key Points: 
  • Silicon holds the largest market share in the production of a multitude of power electronics.
  • Within the power electronics industry , consumer electronics stands as a key sector, given that every electronic device necessitates a power supply (AC/DC) and effective power management for optimal energy utilization.
  • The integration of power electronics into consumer electronics serves to minimize power consumption, thereby reducing the overall carbon footprint and enhancing efficiency.
  • The Asia Pacific stands out as the swiftest expanding sector in the power electronics market, accelerated by substantial investments in infrastructure, consumer electronics, and smart grid initiatives.

Power Electronics Market worth $61.0 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, December 4, 2023

Silicon holds the largest market share in the production of a multitude of power electronics.

Key Points: 
  • Silicon holds the largest market share in the production of a multitude of power electronics.
  • Within the power electronics industry , consumer electronics stands as a key sector, given that every electronic device necessitates a power supply (AC/DC) and effective power management for optimal energy utilization.
  • The integration of power electronics into consumer electronics serves to minimize power consumption, thereby reducing the overall carbon footprint and enhancing efficiency.
  • The Asia Pacific stands out as the swiftest expanding sector in the power electronics market, accelerated by substantial investments in infrastructure, consumer electronics, and smart grid initiatives.

Traction Control System Market to grow at a CAGR of 6.32% from 2022 to 2027|ABB Ltd., AISIN CORP., Autoliv Inc., Continental AG and more among the key companies in the market -Technavio

Retrieved on: 
Friday, December 1, 2023

Traction control systems play a major role in the optimization of the grip between the vehicle's tires and the road surface.

Key Points: 
  • Traction control systems play a major role in the optimization of the grip between the vehicle's tires and the road surface.
  • The main functionality of the traction control system is that it regulates the wheel slip, road conditions, and vehicle dynamics.
  • The rising adoption of advanced driver assistance systems is a primary trend in the key traction control system market.
  • Additionally, the traction control system plays a major role in improving the stability and control of vehicles during acceleration and deceleration.

Oil And Gas Pipeline and Transportation Automation Market to grow by USD 1.46 billion from 2023 to 2028 | Growing expansion of oil terminals to drive the growth- Technavio

Retrieved on: 
Thursday, November 30, 2023

NEW YORK, Nov. 29, 2023 /PRNewswire/ -- The oil and gas pipeline and transportation automation market is expected to grow by USD 1.46 billion between 2023 and 2028.

Key Points: 
  • NEW YORK, Nov. 29, 2023 /PRNewswire/ -- The oil and gas pipeline and transportation automation market is expected to grow by USD 1.46 billion between 2023 and 2028.
  • Terminals storing oil and petroleum products are an important part of the Oil and Gas supply chain.
  • The report analyses the market size and growth and provides accurate predictions on the growth of the market.
  • The industrial wireless automation market size is estimated to grow at a CAGR of 7.59% between 2023 and 2028.

Military Satellite Payloads and Subsystems Market to increase by USD 2.91 billion during 2022-2027 | The increased seaborne security threats drive market growth - Technavio

Retrieved on: 
Thursday, November 30, 2023

NEW YORK, Nov. 29, 2023 /PRNewswire/ -- The military satellite payloads and subsystems market size is expected to grow by USD 2.91 billion between 2022 and 2027.

Key Points: 
  • NEW YORK, Nov. 29, 2023 /PRNewswire/ -- The military satellite payloads and subsystems market size is expected to grow by USD 2.91 billion between 2022 and 2027.
  • However, the growth momentum of the market will progress at a CAGR of 7.97% during the forecast period.
  • The increased seaborne security threats drive market growth.
  • The report analyses the market size and growth and provides accurate predictions on the growth of the market.

Gallium Nitride (GaN) Semiconductor Devices Market to grow by USD 5.26 billion from 2022 to 2027 | Efficient Power Conversion Corp., Fujitsu Ltd., Infineon Technologies AG, and more among key companies - Technavio

Retrieved on: 
Friday, November 24, 2023

NEW YORK, Nov. 24, 2023 /PRNewswire/ -- The gallium nitride (GaN) semiconductor devices market is expected to grow by USD 5.26 billion from 2022 to 2027.

Key Points: 
  • NEW YORK, Nov. 24, 2023 /PRNewswire/ -- The gallium nitride (GaN) semiconductor devices market is expected to grow by USD 5.26 billion from 2022 to 2027.
  • The increase in demand for GaN semiconductor devices is notably driving the gallium nitride (GaN) semiconductor devices market.
  • Gallium Nitride (GaN) Semiconductor Devices Market 2023-2027: Company Analysis
    Fujitsu Ltd. - The company offers a high gallium nitride GaN called a high electron mobility transistor HEMT power amplifier.
  • The silicon carbide market for semiconductor application market size is estimated to grow by USD 3,336.31 million at a CAGR of 22.1% between 2022 and 2027.

HVAC system market to grow by USD 48.34 billion from 2022 to 2027| APAC is estimated to contribute 54% to the global market growth - Technavio

Retrieved on: 
Thursday, November 16, 2023

By geography, the global HVAC system market is segmented into APAC, Europe, North America, Middle East and Africa, and South America.

Key Points: 
  • By geography, the global HVAC system market is segmented into APAC, Europe, North America, Middle East and Africa, and South America.
  • The report provides actionable insights and estimates the contribution of all regions to the growth of the global HVAC system market.
  • The global HVAC system market is fragmented, with the presence of several global as well as regional vendors.
  • Growth of the HVAC system market across APAC, Europe, North America, Middle East and Africa, and South America
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Building Automation System Market worth $155.9 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, November 15, 2023

Wireless Technology hold the largest market share of communication technology of building automation system market during the forecast period.

Key Points: 
  • Wireless Technology hold the largest market share of communication technology of building automation system market during the forecast period.
  • High emphasis on constructing energy efficient and ecofriendly buildings leads to increase in the building automation system market.
  • Moreover, building automation systems provide a proactive approach to building maintenance by enabling early detection of operational issues within equipment.
  • Building automation system market for the Asia Pacific region to register the highest CAGR between 2023 and 2028 forecast.