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Light Towers Market: Increased Infrastructure Activities Construction

Light Towers Market is a part of a mobile equipment, which has one or more high-power electric lamps with mast. The light or light panel is attached to the mast. This mast is fixed or adjustable, which is attached to a trailer having a generator set to power the light panels. Light towers are used for illuminating the area of work, which is usually remote and off the main power grid. Generally, these light towers have lamps made of metal halide bulbs and the generator uses diesel engines for powering these lamps.

In recent times, battery-powered lamps, solar-powered lamps, and hydrogen fuel cell lamps are also being used as an alternative for metal halide lamps. The mast of the light tower can be fixed, adjustable, or inflatable. If the mast is adjustable, it can be fixed up to the desired height for a specific application or location. Some manufacturers provide inflatable masts, which are made of synthetic fabric cloth that can be inflated by blowing air.

Light towers are used for outdoor remote operations or locations that are difficult to connect with the main power grid. These operations involve construction activity (remote as well as general), oil & gas industry operations, mining operation, and emergency and rescue operation. Being mobile and portable, light towers can be moved easily from one location to another in an onsite operation. Apart from these industrial applications, light towers can also be used to illuminate highly remote and distant villages. In this application, solar-powered light towers are generally used. Light tower units are equipped with solar panels as well as backup fuel generators. These units can provide emission-less, carbon-free renewable power to remote locations.

The ever-increasing demand for energy has accelerated operations in the oil & gas industry and the mining industry. This is one of the major drivers for the light towers market. Operations in these two industries are often too remote and they involve high risks. The oil and gas & mining sites, being away from the main power grid, generate power locally by using heavy-duty generators. The need for light towers in these operations is vital for illuminating any desired location onsite for any specific operation. Increased infrastructure activities such as highway construction, railway line construction and maintenance, bridge construction, and other civil activities is another driver for the light towers market. Emergency and rescue operation is a major task of police, military, and firefighters. This operation often involves working at night in remote locations. Inflatable light towers may serve emergency & rescue forces because these light towers are easy to carry and operate.

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North America is emerging as one of the leading exporters of fossil fuel, owing to increased shale oil exploration and drilling activities in the region. These activities require light towers for routine operations. Middle East & Africa is known for its activities in the oil industry. The region is likely to become a lucrative market for light towers in the next few years. The light towers market in Europe is also likely to expand in the near future, owing to shift toward renewable energy in the region. Asia Pacific is home to some of the leading petroleum refineries in the world. Crude oil transportation pipeline construction activities for these refineries require light towers. Moreover, countries in Asia Pacific such as India, China, and Australia are developing their mining areas. The increased mining activity is another growth opportunity for the light towers market in the region.

The key players operating in the global light towers market are Generac Power Systems, Inc., Terex Corporation, Aska Equipments Limited, LTA Projects, Progress Solar Solutions, Atlas Copco, Wacker Neuson SE, Olikara Lighting Towers Pvt. Ltd, DMI Light Towers, LIGHT BOY CO., LTD., and Doosan Portable Power.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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Endoscope Reprocessing Device Market to Grow US$ 2,171.5 Mn by 2027

Global endoscope reprocessing device market is expected to witness robust growth during the forecast period. This growth is expected to be primarily driven by growing geriatric population, increasing number of Endoscope surgeries and development of automated endoscope reprocessor and techniques. According to the new report, “Endoscope Reprocessing Device Market: Global Industry Analysis (2012–2016) and Opportunity Assessment (2017–2027),” which has been published by Future Market Insights for the projected period of 10-years, i.e. during 2017 to 2027, the endoscope reprocessing device market in MEA is expected to record comparatively less growth due to low awareness about infection control and less availability of reprocessor. The global endoscope reprocessing device market to grow from US$ 949.9 Mn in 2016 to US$ 2,171.5 Mn by 2027 end. This represents CAGR of 7.9% over the forecast period of 2017–2027

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Global Endoscope Reprocessing Device Market: Restraints

  • Reported Adverse Events From Failure of Endoscope Reprocessing
  • Excise duty imposed on medical device manufacturers would reduce profit margin
  • High Cost of Technology Hampering the Growth of Endoscope Reprocessing Device Market
  • Inadequate Reimbursement Policies Restrain the Market Growth
  • Delayed Reprocessing and Lack of Clarity of Instruction
  • Stringent Rules and Regulations
  • Dearth of Trained Endoscopy Specialists and Professionals
  • Poor Health Care System Hampering the Market growth
  • Low Awareness of Endoscope Reprocessing in Developing Countries  are Hampering the  Market Growth
  • Lack of Proper Healthcare Infrastructure In Emerging Markets
  • Increase in Pricing Competition for Endoscope Reprocessing Device

Global Endoscope Reprocessing Device Market: Forecast by Product

Global endoscope reprocessing device market is categorized into automated endoscope reprocessor, washer disinfector, sterilizer, ultrasonic washer and drying and storage Cabinet. The study covers revenue generated by product type which includes, above mentioned product type. However, the study does not consider the revenue from which are not mentioned in the report. This report analyses installed base and new sale devices. Sterilizer and automated endoscope reprocessor segment dominated the global endoscope reprocessing device market in revenue terms in 2016, and the trend is projected to continue throughout the forecast period. Sterilizer segment is expected to be the most lucrative among all product type, with attractiveness index of 1.6.

Global Endoscope Reprocessing Device Market: Forecast by End User

Endoscope reprocessing devices based on end user, the total installed base and new sale of endoscope reprocessing devices obtain from the three end user such as hospital, ambulatory surgical centre and specialty clinics. The study covers revenue generated by hospitals, ambulatory surgical centre and specialty clinics which includes, installed devices and new sale of devices. However, the study does not consider the revenue from which are not mentioned in the report.

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Global Endoscope Reprocessing Device Market: Regional Analysis

As many as seven regions have been covered in this report, such as North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan, and MEA. If CAGR is considered, Latin America, Eastern Europe and APEJ have highest CAGRs throughout the forecasted period among all other regions. However, in terms of revenue North America and APEJ dominated the global endoscope reprocessing device market in revenue terms in 2016, and the trend is projected to continue throughout the forecast period. North America and APEJis expected to be the most lucrative among all regions, with attractiveness index of 2.1 and 1.7 respectively.

Global Endoscope Reprocessing Device Market: Competitive Landscape

Medivators Inc., Olympus Corp., STERIS Plc., Getinge Group, Hoya Group, Laboratoires Anios, Custom Ultrasonics, Inc., SciCan Ltd (Sanavis Group), Shinva Medical Instrument co., Ltd., ARC Healthcare Solutions Inc., Antonio Matachana SA, Choyang Medical Industry Ltd., DGM Pharma-Apparate Handel Ag, MMM Medical Equipment UK LTD, Medonica Co. Ltd., Belimed AG (Metall Zug), Steelco S.P.A, and Advanced Sterilization Products Services Inc., are some of the key players operating in the global market for endoscope reprocessing device market.

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Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

Iot Monetization Market: Transportation Segment Is Expected To Aid

With the advent of the Internet, everyday devices are now interconnected. Due to the proliferation of the IoT, several offices and homes have become smart –functioning through connected devices. Increased usage of smart devices such as smart phones and tablets is pushing the demand for IoT monetization. It is a trend that is becoming a serious business activity for many and opening doors for future growth.

The IoT monetization market can be segmented on the basis of application into healthcare, building & home automation, retail, agriculture, automotive & transportation, consumer electronics, industrial, energy, and others.

The report presents a broad overview of various factors contributing to the expansion of the global IoT monetization market. It also provides insights into challenges that the market could face over the forecast period. The prevailing trends in overall market operations are also studied in the report in detail.

Global IoT Monetization Market: Trends and Opportunities

The global IoT monetization market is receiving impetus from increased use of smartphones and other connected devices, growing Internet connectivity, and rise in the adoption of cloud platforms. Moreover, encouraging government regulations, heavy demand for dependable energy-efficient systems and improved home security for home & building automation applications, and growing demand for smart devices such as smartphones and tablets are furthering the growth of the market. On the contrary, factors such as shortage of power-efficient devices and absence of common communication standards across platforms are preventing the IoT monetization market’s growth.

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In terms of application, the automotive & transportation segment is expected to aid in the market’s growth. Through connected cars and intelligent transportation systems such as sensors and communication & traffic control technologies, it is easier to support states, towns, and cities globally to meet the rising demand for surface transportation systems. Automotive manufacturers are extensively adopting IoT, which in turn is driving the market for IoT monetization.

Consumer electronics is also emerging as a crucial application segment. The demand for smart consumer electronics is expected to increase with its rising use in building smart offices, smart cities, and smart buildings. The consumer electronics application segment is anticipated to grow during the forecast period due to the growing number of smart appliances that can be connected to smartphones and the Internet.

Global IoT Monetization Market: Geographical Evaluation

On the basis of geography, the global IoT monetization market can be segmented into Europe, Asia Pacific, North America, and Rest of the world. It is projected that North America will account for a large share in the overall market, and will continue to exhibiting robust growth through the forecast period. In North America, the U.S. is a key contributor to the IoT monetization market. Factors such as presence of several IoT companies in the region and fast adoption of new technology by the masses are driving the market in North America. Several IoT companies present in the U.S. offer a variety of IoT devices for applications in automotive & transportation, industrial, retail, healthcare, consumer electronics, and other sectors.

The other major contributor to the market is Asia Pacific. Recent developments in technology, increased disposable income, high usage of smart phones, and better Internet connectivity are some of the factors positively impacting the market growth in this region.

Centrifugal Pump Market To Grow at 4.7% CAGR through 2027

Future Market Insights delivers key insights and presents a revised forecast of the global centrifugal pump market in its latest report titled ‘Centrifugal Pump Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027’. The long-term outlook of the centrifugal pumps market remains positive with the market value on track to increase at a CAGR of 4.7% during the forecast period (2017–2027). Among Product type, the submersible pumps segment is likely to expand at a significant CAGR in terms of value over the forecast period. The water & wastewater segment is anticipated to hold a major share in terms of volume and value among the end use industrial segment owing to rising demand of water for domestic as well industrial use. Global sales of Centrifugal pump is estimated to be valued at US$ 33,579.6 Mn by the end of 2017, witnessing a growth of 4.7% over the forecast period. APEJ should account for a value share of 29.3% in the centrifugal pumps market by 2017 end and it could retain its dominance throughout the forecast period.

The centrifugal pumps market is primarily driven by an increasing investment in infrastructural development on account of rapid urbanization across the globe and an increasing number of wastewater treatment plant to overcome the pervasive shortage of water. However, the Centrifugal pumps market is expected to face certain challenges such as volatile oil and gas prices. Moreover, presence of a large number of Chinese players in the market with low-priced product could pose a challenge for market players in the centrifugal pumps market. Market players are focusing on development of energy efficient pumps because of increasing energy costs and growing environmental awareness among end users.

Segmentation Analysis

  • On the basis of product type, submersible pumps segment may witness robust growth in terms of value and volume over the forecast period. The segment is assessed to expand with a significant CAGR over the forecast period with a market share of 28.4% by the end of 2027
  • Single-stage and multi-stage pumps segments might exhibit moderate growth over the forecast period with a combined market share of 54.6% in terms of value.

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  • Water and wastewater sub-segment is estimated to dominate the industrial centrifugal pumps market over the forecast period with a revenue share among industrial segment of 36.9% by the end of 2017
  • Agriculture segment is projected to hold 14.3% share in terms of revenue generation and the domestic segment 20.6% share in terms of value by the end of 2017

Regional Analysis

Owing to increasing investment for infrastructural development and greater demand from agricultural sector, APEJ should dominate the global centrifugal pumps market throughout the assessment period with 29.3% market share by the end of 2017 and a CAGR of 5.4%. North America is predicted to grow steadily during the assessment period with increasing hydrogen fracturing activity in the region. MEA is anticipated to expand at a CAGR of 4.7% during the assessment period.

Vendor Insights

The report highlights some of the top companies operating in the global centrifugal pumps market such as Flowserve Corporation, KSB AG, Sulzer AG, Ebara Corporation, Grundfos Holding A/S, Xylem Inc., ITT Inc., The Weir Group PLC, Wilo SE, Tsurumi Manufacturing Co., Ltd., Kirloskar Brothers Ltd., DESMI A/S, WPIL Limited, HERMETIC-Pumpen GmbH, Shakti Pumps (India) Ltd., Klaus Union GmbH & Co. KG, Ruhrpumpen Group, HOMA Pumpenfabrik GmbH, CP Pumpen AG, Toyo Denki Industrial Co. Ltd., Speck Pumpen Walter Speck GmbH & Co. KG 

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Industrial Profibus Market: Low Cost Solutions For Industrial Automation

Profibus is one of the new generations of fieldbus I/O bus networks. Profibus is a fieldbus used to connect field devices at the plant level and communicate data between field devices and control systems at the enterprise level. Profibus also helps to attain better yield and higher product quality through the delivery of better and up-to-date data to operations. Profibus uses a multi drop single cable to connect the devices. This method is cost effective especially for larger sites. It is easy to find faults as it is a single cable. Profibus is the world’s leading fieldbus system. Many vendor companies have developed profibus capable devices for discrete and process automation. In a profibus, less hardware is needed which indirectly leads to lowered installation and life-cycle costs. Among these fieldbuses, profibus is the prominent open fieldbus system and it enjoys worldwide acceptance. Furthermore, all leading manufacturers of automation technology offer Profibus interfaces for their devices. Profibus is the world’s only complete and interoperable fieldbus solution based on the compatible Profibus-PA (HI) and Profibus-DP (H2) technologies. Profibus simplifies the plant design and eliminates hard wiring. Profibus is a good solution in reducing control system cost and offering important functions in the industrial automation.

Need for low cost solutions for industrial automation, need for easy and consistent integration of functional safety and motion control for factory automation and growing acceptance of smart manufacturing techniques are some of the primary factors driving the growth of global industrial profibus market. There are recent developments taking place which is related to the seamless connection of 4G communication technology with profibus in order to realize the application of 4G in fieldbus. Efforts are being taken by many companies to upgrade their research and development activities to introduce innovations in this field. Therefore, monitoring Profibus field equipment by 4G network is bound to become one of the industrial field monitoring systems in the future development direction, with a strong market demand and broad application prospects.

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The global industrial profibus market is segmented on the basis of type, application and region. On the basis of type, the industrial profibus market is subdivided into Profibus-PA and Profibus-DP. Profibus-PA is a type of profibus solution that is specifically used for process automation. Profibus-PA is an application profile of Profibus-DP that is designed specifically for operating in hazardous environments. Profibus-DP is used for factory automation. It is simpler and faster than other protocols. Its application profiles allow users to combine the requirements for specific solutions. Profibus–DP is generally used for high speed field level communications and is generally designed for internal use such as cabinet mounting. Profibus-PA is generally designed for external use such as field mounting. On the basis of application, the industrial profibus market is segmented into manufacturing, process automation, functional safety systems, gas & oil industry, robotics and power industry. Profibus-PA is broadly accepted by many industries such as oil and gas, food and beverage as well as power. Power industry is the largest end user segment as profibus helps to establish faster communication between automation systems and distributed peripherals. The industrial profibus is suitable for both fast, time critical applications and complex communication tasks. The profibus covers the application specific demands from the field of factory to process automation. Geographically, the industrial profibus global market can be segmented into North America, Europe, Asia-Pacific, Middle East & Africa and South America.

Some of the key players operating in the global industrial profibus market with most significant development are Applied Materials, Alstom, Robert Bosch, Mitsubishi Electric, Hitachi, Fuji Electric, Invensys, Texas Instruments, Rockwell Automation, General Electric, Flowserve, AMETEK ABB Group, Siemens AG and Emerson Electric Co. among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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Linear Optocouplers Market: Research And Development Activities To Lead Innovations

Optocoupler is a passive optical component that can combine or split transmission data (optical power) from optical fibers. It is an electronic device which transfers electrical signals by using light waves. Linear optocouplers provide coupling with electrical isolation between its input and output when the electrical signals are transferred using light waves. Linear optocouplers consist of one LED optically coupled to two matched photodiode detectors. Photodiode detectors are used for excellent linearity. The photodiode on the input side acts as a feedback device permitting an external feedback loop to ensure constant LED light output. A similar matching photodiode on the output side is used to drive an output circuit that is electrically isolated from the input. A fixed relationship is thus maintained between input and output. Linear optocouplers consist of an AlGaAs IRLED irradiating an isolated feedback as well as an output PIN photodiode in a bifurcated arrangement. The feedback photodiode captures a percentage of the LED’s flux and generates a control signal which can be used to servo the LED drive current. Linear optocouplers couples AC as well as DC signals. It has high gain stability as well as low input-output capacitance. Linear optocouplers consumes less power and provide excellent linearity along with stability. Most of the high-performance linear optocouplers provide higher signal coupling precision. Unlike standard optocouplers, linear optocouplers operate in a servo mode configuration which compensates for LED’s non-linear time and temperature characteristics. Linear optocouplers can be used with the aid of operational amplifiers in closed loop conditions to achieve highly linear and electrically isolated AC and DC signal amplifiers.

Need for high gain stability and low power consumption and increase in demand for industrial and high-reliability markets as well as applications are some of the primary factors driving the growth of the global linear optocouplers market. However, linear optocouplers are more affected by current drive conditions as the detector operates in a high-injection region when the LED produces normal light output and does not have the extra operating margin that is inherent in digital optocouplers. This poses a restrain to the global linear optocouplers market. Although LED degradation is often the dominant degradation mechanism in space, degradation of optocouplers with improved LEDs is limited by photo response degradation. In recent times, low cost and versatile linear optocoupler circuits had been used to reduce the noise as well as ground loop errors in measurements. Fast analog isolation can be achieved with the help of linear optocouplers. Companies are striving to upgrade their research and development activities to lead innovations in this field.

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The global linear optocouplers market can be segmented on the basis of application, industry vertical, and region. Based on application, the linear optocouplers market can be divided into medical sensor isolation, audio signal interfacing, power management, sensing & instrumentation, medical, audio, communications & networking as well as digital telephone isolation. Linear optocouplers can be used in digital telephone line isolation. Linear optocouplers are useful in switch mode power supplies. Linear optocouplers are designed to provide higher signal coupling precision. On the basis of industry vertical, the global linear optocouplers market can be classified into telecommunications, military and aerospace, and industrial motors and automotive, among others. In terms of region, the global linear optocouplers market can be categorized into, Middle East & Africa, Europe, the Americas, and Asia Pacific.

Key players operating in the global linear optocouplers market include Fairchild Semiconductor, Toshiba, Vishay Intertechnology, Inc, Renesas Electronics, Siemens, Infineon Technologies, Skyworks Solutions and Sharp Corporation.

Paediatric Vaccine Market Growing Demand, Competition, Investment Opportunities & Forecast 2026

According to a new report published by Future Market Insights titled “Paediatric Vaccine Market: Global Industry Analysis & Opportunity Assessment, 2016 – 2026”, in terms of revenue, the global paediatric vaccine market is expected to increase at 12.2% CAGR during the forecast period 2016-2026. The global paediatric vaccine market is expected to reach US$ 27.97 Bn in 2016.

Paediatric vaccine market is a billion dollar market accounting for a substantial proportion of healthcare expenditure in the recent times. The paediatric vaccine market is segmented according to indication, technology and vaccine type. According to the indication, the paediatric vaccine market is sub segmented into pneumococcal, DTP, rotavirus, influenza, meningococcal, hepatitis B, Hib, MMR and polio. According to technology the market is further segmented into live or attenuated, inactivated or killed, toxoid, conjugate, subunit and recombinant vaccines. By vaccine type, the global paediatric vaccine market is segmented into monovalent and multivalent vaccines.

A slew of routine immunisation initiatives rolled out by the government and private agencies has broadened the market for the paediatric vaccines. A new wave of funds pumped into the market by different government and private players to cork the rise of the child deaths across the globe has also opened a new window of opportunity for the paediatric vaccine market. As per the report of WHO (World Health Organization), the global spending on immunisation soared from US$21.4 to US$26.9 per infant in 2014. The massive economic boom in some regions of the world is expediting the growth of the paediatric vaccine market.

Segmentation analysis

  • By indication, pneumococcal segment accounted for higher revenue share in global paediatric vaccines as compared to other product segments. The pneumococcal segment is expected to reach a value of US$ 31.58 Bn by 2026, reflecting a CAGR of 14.4% over the forecast period. The growth of pneumococcal segment is attributed to the increasing incidence of infectious diseases.
  • In terms of revenue, Hib vaccine segment is the second most growing segment and is expected to reach a value of US$ 13.49 Bn by 2026, growing at a CAGR of 13.4%. Hepatitis B and meningococcal segment are expected to show double-digit CAGR growth in the forecast period contributing to the growth of global paediatric vaccine market.

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  • By technology, conjugate segment accounted for highest revenue share in global paediatric vaccine market as compared to live or attenuated segment. The conjugate segment is expected to reach a value of US$ 32.09 Bn by 2026, reflecting a CAGR of 14.8% over the forecast period. This is expected to be closely followed by the growth of pneumococcal and meningococcal vaccines in this segment
  • By end user, institutional health centres account for higher demand for paediatric vaccine as compared to other end user segments such as hospital pharmacies and retail pharmacies. The strong growth in institutional health centres can be attributed to increasing government interventions in immunisation programs in order to improve vaccine coverage. Institutional health centres are expected to register highest CAGR of 13.8% over the forecast period.

Regional analysis

By region, North America is dominating the global paediatric vaccine market due to improved healthcare infrastructure in this region. The North America paediatric vaccine market is expected to be valued at US$ 20.15 Bn by 2026 growing at a CAGR for 11.0%. In addition to North America, demand for paediatric vaccines has been significantly growing in Western Europe and APEJ. APEJ is expected to grow at a CAGR for 14.9% over the forecast period and is expected to dominate the market by 2026 by generating revenue of US$ 22.69 Bn and revenues in Western Europe are anticipated to grow by 11.2%. Middle East and Africa is expected to grow at a CAGR of 12.6% and this growth is anticipated by growth government intervention for immunisation by carrying out national level immunisation campaigns and also disease specific immunisation campaigns.

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Vendor insights

Key players in the global paediatric vaccine market include Indian Immunologicals, GlaaxoSmithKline Plc., Pfizer Inc., Sanofi, Merck & Co. Inc., Panacea Biotec, Zydus Cadila, Emergent BioSolutions Inc., Serum Institute of India Pvt. Ltd., and Bharat Biotech. The growth of paediatric vaccine market is attributed to the development in the research by key players in the field, for instance, in February 2016, GSK submitted US regulatory submission for expanding the indication of FLuLaval Quadrivalent, influenza vaccine, for infants more than 6 months. These developments will boost the growth of the global paediatric vaccine market.

Laser Technology Market: High-Speed Transmission Of Data In Digital And Analog

Laser is an abbreviation for light amplification by stimulated emission of radiation. A laser is a device that releases a beam of coherent light through an optical amplification process. There are many types of lasers including solid state lasers, gas lasers, fiber lasers, dye lasers and diode lasers. A laser beam is created when the electrons in atoms in special crystals, glasses or gases absorb energy from an electrical current and become active. Laser light is different from normal light as laser light contains only one specific color. The particular color or wavelength of light is determined by the amount of energy released when the stimulated electron drops to a lower orbit. Laser light is directional and it generates a very tight beam. Gradually laser technology gained wider possibilities of being utilized in almost all areas of industrial production. Using the unique assets of laser radiation can further streamline a number of applications to achieve top quality and reduce production costs.

The main factors contributing to the growth of laser technology market are, production of small or micro devices, stability of laser prices and increasing demand from the healthcare sector. Improved performance of laser over the traditional material processing techniques is also factor driving the growth of laser technology market. High accuracy along with greater productivity and minimal environmental effects are some of the key advantages of laser solutions. Laser technology is suitable for the optical communication, since it uses high-speed transmission of data in digital and analog fiber optic networks as this works in favor of laser technology market. Growth in laser technology can also be attributed to fast processing laser machine tools from various verticals and the increasing demand for cost-effective, also new and different markets in laser technology. Whereas the key issue for the growth of laser technology market could be higher power consumption, burning and difficulty in cutting certain materials in the material processing market can prove to be detrimental.

The laser technology market is segmented by type, application, vertical and geography. On the basis of type, laser technology market is segregated into solid, liquid and gas. Solid-state lasers are lasers based on solid-state gain media such as glasses or crystals. A liquid laser uses the liquid as a medium for laser. In liquid lasers, energy to the laser medium is supplied by light and in gas laser electric current is discharged through a gas inside the laser medium to produce laser light.

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Furthermore, the laser technology market is divided based on application into optical communication and laser processing. Optical communication is a technique of transmitting information from a place to another by sending pulses of light through an optical fiber, whereas laser processing involves marking, cutting, welding, drilling, ablation and cleaning. By verticals the laser technology market is again subdivided into research, military & defense, telecom & IT, healthcare, electronics and automotive segment. Geographically, laser technology market is distributed over North America, Europe, South America, Asia Pacific and Middle East & Africa. Asia Pacific is expected to dominate the laser technology market due to the increasing demand for cost-effective and fast processing laser machine tools from the semiconductor, industrial, telecommunication, and automotive vertical.

Major players in the laser technology market are IPG Photonics Corp. (US), Coherent, Inc. (US) Trumpf Group (Germany), Jeanoptik AG (Germany), Quantel Group (UK), LasaerStar Technologies Corp. (US), Novanta Inc (US), Lumentum Holdings Inc. (US), Epilog Laser (US), Han’s Laser Technology Industry Group,MKS Instruments (US) and GSI Group Inc and so on. Further, to gain a competitive advantage, these players are actively involved in organic and inorganic growth strategies. Collaborations, partnerships, agreements, and new product launches are some of the important strategies followed by them.

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