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Filters Market Set to Reach US$77.10 Billion by 2018

Filters are porous devices which are used for purification of any gas or liquid passing through it by removing impurities from them. Filters are typically made of thin surface coated polyester films, woven and knitted fabrics, cotton, paper and other synthetic and organic membranes. Introduction and implementation of Kyoto Protocol and other similar emission norms is expected to drive the market for filters over the forecast period. In addition, these norms define emission standards for other sectors of the market such as motor vehicles, consumer goods and utilities. Growing demand of automobiles and consumer goods are expected to further fuel the growth of filters market. However, development of substitute technologies such as ion exchange, distillation and photo-oxidation which gave optimum results is expected to hamper the growth of the filters market.

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Filters can be divided into three major product types based on their function, viz., ICE filters, fluid filters and air filters. ICE filters accounted for the largest consumption of over 40% of the market share of filters in 2011. Growing demand of automobiles from emerging economies such as China and India are expected to help the growth of ICE filters. In addition, introduction and implementation of various norms such as EURO 5 and EURO 6 are expected to boost the demand of filters across all regions of the world. Fluid filters are used in industries as a part of various internal manufacturing processes and municipal filtration systems. Growth of industries coupled with improved technologies of manufacturing are expected to augment the growth of fluid filters market over the forecast period. Furthermore, increasing focus on waste management by various national governments is expected to boost the growth of the global filters market.

Roughly 50% of the total demand for filters comes from the automotives sector as they are used in filtration of air, oil and water for efficient functioning of the vehicle. In addition, they are essentially used in manufacturing of various equipments such as engines for motor vehicles, snowmobiles and marine equipments. The use of filters is being supported by various national governments due to increasing concerns about the environment which has led to an increasing demand for filters over the past few years. In addition, filters are used in other applications such as consumer goods, manufacturing units and other industries. Demand of filters from consumer goods application is expected to show the highest growth in the forecast period.

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Rapid industrialization and increasing population has led to increased levels of pollution in the atmosphere. More and more number of industries and manufacturing units are using filters to control the emission levels of carbon and other harmful gases into the atmosphere. In addition, there is a growing demand of filters by numerous industries such as pharmaceutical and chemical industries for various internal manufacturing processes. Moreover, implementation of various regulations such as Clean Water Act and Safe Drinking Water Act (SDWA) in developed economies is expected to fuel the demand for filters over the forecast period. Asia Pacific accounted for the largest consumption of filters in 2011 of over 35%. Growing demand of automobiles and other consumer goods in emerging economies such as China and India are expected to boost the demand for filters in the forecast period.

The global filters market is fragmented in nature as the top five companies accounted for less than 40% of the market share in 2011. Donaldson which is the leading manufacturer of filters accounted for less than 10% of the market share in 2011. Clarcor Inc accounted for the second largest market share in 2011 followed by Affinia, Cummins and Parker-Hannifin, together accounting for just over 15% of the filters market share in 2011. Some of the key players present in the filters market include AAF International, Strainrite Companies and Global Filters among others.

Radio Broadcast Receivers Market – Evolution of Digital Media Boost Growth

Radio broadcast receiver also known as radio receiver, receives audio programs from local radio stations. Radio broadcast receivers are used to receive shortwave signals, medium-wave signals, long-wave signals, and ultra-short wave signals. Radio broadcast receivers are manufactured for the reproduction of sound-broadcasting programs.

The sound is reproduced either by an earphone which plugs into a jack on the radio or a loudspeaker in the radio. Analog radio broadcast receivers use two types of modulation: amplitude modulation (AM) and frequency modulation (FM). Radio broadcast receivers can receive amplitude modulated (AM) signals transmitted by broadcast stations in frequency ranges from 148 to 283 kilohertz (kHz) in the longwave range, from 526 to 1,706 kilohertz (kHz) in the medium frequency range, and from 2.3 to 26 megahertz (MHz) for long distance international broadcasting.

The global radio broadcast receivers market is primarily driven by development of digital radio broadcasting. Furthermore, evolution of digital media is projected to fuel the demand for radio broadcast receivers worldwide in the next few years. Older radio receivers had poor performance as compared to newer one.

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Nowadays, the use of advanced techniques such as high performance semiconductors and digital signal processing increases the performance of radio broadcast receivers, thus driving the demand for radio broadcast receivers market around the world.. Currently, a rise in multiscreen services in the radio subscription market and introduction of internet radio is further accelerating the radio broadcast receivers market growth.

However, radio broadcasts have poor audience attentiveness due to unavailability of visual information. This is projected to hamper the demand for radio broadcast receivers across the globe.

Surge Protection Devices Market to Register 5.6% CAGR 2014-2020

Global surge protection devices market was valued at USD 2020.4 million in 2014; growing at a CAGR of 5.6% from 2014 to 2020. The concept of protecting electronic devices from power surges or spikes is known as surge protection. The surge protection device allows multiple equipment to plug into single power outlet in order to minimize the risk of damage. A power surge is a significant increase in voltage above the designated level. The rise in voltage above standard level is expected to damage the electronic equipment.

The global surge protection devices market is segmented into North America, Europe, Asia Pacific (APAC) and Rest of the World (RoW). The surge protection devices market is primarily driven by the increase in the usage of electrical equipment such as home entertainment systems, personal computers and microwave ovens among others. These devices are sensitive and could be damaged by a small fluctuation in the voltage. In order to protect these devices from power surges or spikes, surge protection devices are needed. In addition, the reductions in maintenance costs, delays and data loss in the electrical equipment are the factors responsible for the growth of surge protection devices market.

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Geographically, North America led the global surge protection devices market in 2014 and the region is expected to continue its leading position throughout the forecast period. In 2013, this region had seen significant growth in surge protection devices market due to the growth in sales of electrical equipment in the industrial and residential sectors. The surge protection impacts the productivity and profitability by saving the equipment from the internal and external surges. The usage of surge protector in electrical equipment eliminates data loss and reduces the cost of maintenance. These major factors are responsible for the increase in the usage of surge protection devices in North America. Europe and Asia Pacific followed by North America.

The surge protection devices market is segmented on the basis of types into plug-in devices, hard wired devices, line cord devices and power control center. Among all, line cord surge protection devices segment held the largest market revenue share in 2014 and is expected to maintain its position throughout the forecast period. The increasing demand for line cord devices is primarily endorsed due to their wide usage in applications such as industrial, commercial and residential sector. Line cord devices protect multiple devices from power surges. It also requires less number of cords to connect the devices with an electric outlet.

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The surge protection devices market is further segmented by applications into industrial, commercial and residential. The global surge protection devices market is majorly driven by industrial segment due to rapid growth in industrialization in the developing countries. The increasing automation in both manufacturing and processing industry has increased the demand for surge protection devices in the industrial machineries and equipment. Commercial sector is analyzed to be the fastest growing application segment for surge protection devices and is expected to attain a significant growth in the coming years due to increase in the users of telephone and internet in the emerging nations.

Electric Motors Market will be worth US$120.68 bn by 2019

Global Electric Motors Market: Snapshot

The global electric motors market is expected to face significant rise in the coming years due to its uses in broad range of commercial, residential, and industrial applications. These applications generally comprises of refrigerators, elevators, compressors, pumps, fans, and various other systems. Rise in stringent regulations regarding electricity consumption is boosting the growth of the market. Increasing need to reduce the gas effects of green house is bolstering the global market growth. Positive outlook of the manufacturing industries have the potential to boost the market growth of electric motors.

Since electric motor is the most important component used in production of heating, ventilating, and cooling equipment of motor vehicles, it is being majorly demanded in the market. It also finds applications in various home appliances. Rise in earning level leading to increasing disposable income is majorly boosting the demand for global electric motors market. This has led to improved standards of living which is also supplementing the market growth. Optimizing electrical consumption by using energy efficient electric motors is minimizing financial burden on government and consumers.

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The global electric motors market is anticipated to attain a valuation of US$ 120.68 bn by the end of 2019.

Global Electric Motors Market to Rise Owing to Increased Consumption of Hermetic Motors

The global electric motors market is segmented into output power, type, and applications. The types of electric motors include hermetic motors, AC motors, and DC motors. AC motors in 2012 accounted for the majority of the share in the global market. AC motors are used in HVAC industrial, equipment, and home appliances and manufacturing facilities. DC motors are extensively used for various speed control applications such as industrial equipment and machineries, electronic toys, motor vehicles. Hermetic motors are expected to witness the fastest growth in the coming years due to rising demand from HVAC manufacturers. This segment is expected to rise at a healthy CAGR of 8.5%.

The output power segment of the global electric motors market is further segmented into two categories namely integral horsepower motors and fractional horsepower motors. Among these, fractional horsepower motors accounted for the largest share in 2012. This rise was due to fractional horsepower motors usage in low power applications. However, the integral horsepower motors is anticipated to rise as the fastest growing segment due to benefits of energy efficiency electric motors and stringent electricity consumptions. Integral horsepower motors is anticipated to witness the rise in next six years.

The global electric motors market finds applications in different sectors such as commercial and other industry, aerospace and other transportation equipment, household appliances, industrial machinery, heating ventilating and cooling equipment, and motor vehicles.

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The global electric motors market is spread across various regions such as Asia pacific, Latin America, North America, Middle East & Africa, and Europe. Among these, Asia pacific is leading the global market due to growing disposable income and rising industrialization in various countries such as Malaysia, Indonesia, India, and China. These countries are responsible for the growth of Asia Pacific electric motors market. Government providing incentive programs and stringent regulations on consumption of electricity for replacing lower efficient electric motors is driving the demand in this region.

Some of the key companies operating in the global electric motors market are Danaher, Baldor Electric Company, AMTEK, Asmo Co Ltd., and Regal Beloit. These companies are dominating the highly fragmented market of electric motors. There are numerous domestic and international players in the market offering different quality and price in the market thus, intensifying the competition.

DIY Power Tool Market Size will Escalate Rapidly in the Near Future by 2025

DIY Power Tool Market: Overview

Power tools find a wide application across construction activity and housing starts. Continued growth in manufacturing output will fuel demand for industrial power tools. Consumers, with little interest in the do-it-yourself tool, would outsource jobs to the professionals, while many who undertake the DIY activities will upgrade from basic to higher priced or more technologically advanced power tools. Power tools manufactured with high power consumption have high cost as compared to other batteries. For that reason, manufacturers have started manufacturing tools with Lithium-ion (Li-ion) batteries.

Lithium-ion battery powered cordless tools offer various advantages like high energy density and are less sensitive to damage. These power tools are lightweight, of different design and shape, and have the longest charge life and are easily rechargeable.

DIY Power Tool Market: Drivers & Restraints

The prime factor boosting the growth in the global DIY power tools market is its usage in the construction field. Disposable incomes and consumer spending will contribute to sales and revenue gains in both the professional and consumer markets. More power tools will continue to register the rapid gains, outpacing growth in demand for nickel-metal hydride (NiMH) and nickel-cadmium (NiCad) battery-powered tools.

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Electric power tools offer increased accuracy and control which will drive the sales of DIY power tools. Demand for cordless electric power tools will grow at an increased pace than the usual plug-in models. Manufacturers are using brushless motors, which are more efficient than brushed models to bring out more powerful cordless electric tools to the market. Power tools will face increased competition from lower-cost imports, particularly among more basic items. Owing to high inflation rates and fluctuations in the economy, organizations across the world have the need to increase productivity with maximum cost savings.

DIY Power Tool Market: Market Segmentation

The DIY power tools market is segmented into end user and product type. The business/commercial sector is on a boom which will lead to increased used of DIY power tools in construction line. With the increase in technology and also consumer looking for more convenience, the cordless DIY power tools will see a significant growth in the coming future.

DIY Power Tool Market: Regional Outlook

Geographically, Battery Operated Carts market has been categorized into seven key regions including North America, Western Europe, Eastern Europe, APEJ, Japan, Latin America, and the Middle East & Africa. North America has been the global leader in generating demand for DIY power tools amid high demand from residential and construction fields. Further, due to high disposable income in the region, people are also more likely to buy DIY power tools for their personal use. Further, APAC is the second most prominent market after North America, with China and India being the leading market. Cheap labor has helped manufacturing companies set up their plants in APAC. China is the largest exporter in the world for DIY power tools. the growth of the DIY power tools is significantly high and with comparatively high CAGR in forecast period owed to factors such as such as rapid economic development, globalization and increasing demand of the DIY power tools in construction and building industry and its sub-verticals.  Europe is the third most prominent region regarding demand, due to increasing construction in this region. Latin America is expecting a moderate growth in term of demand. MEA is expecting the slightly higher growth rate in coming years because of extensive construction programs took up by the Governments. Overall, the global market for the DIY power tools device is expected to grow significantly by the end of forecast period.

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Few of the key players in the DIY power tools market are Makita, Robert Bosch tools, Stanley Black and Decker, Atlas Copco. With the increased use in construction business, the companies are being profited from the sales of DIY Power tools even through household. With innovations of battery operated DIY power tools, the convenience factor has driven the market.

Tunable Filter Market Will Size Observe Significant Surge During 2017-2025

Tunable filters are used for regulating the wavelength and adjusting the bandwidth. It is ideal for any wavelength tuning requiring application. Additionally, tunable filters are the tools which are used for large number of applications including reduction of channel spacing, DWDM (Dense Wavelength Division Multiplexing) systems testing, cascaded emulation of a reconfigurable optical add-drop multiplexer, active module and component testing, and testing of transponders. There are many types of tunable filters available, which are used for a number of applications. For instance, an AOTF (acousto-optic tunable filter) is an electronically tunable solid state filter that helps in modulating the wavelength of several laser lines from one or more sources. Alteration in the acoustic frequency changes the crystal’s diffraction properties that enables faster wavelength tuning. Additionally, it is used for applications including hyper spectral and fluorescence imaging.

Growing adoption of acousto-optic tunable filters for a wide range of applications around the world, and increasing adoption of liquid crystal tunable filters for electronic imaging application is expected to boost the global tunable filter market. In the acousto-optic tunable filters, there are no moving parts, which ensures an efficient, stable, and reliable tuning of the wavelength. The applied RF frequency on the acousto-optic transducer controls the wavelength that is transmitted. It helps in comprehensive analysis of a spectrum by altering the frequency related to the various ranges of wavelength. Liquid crystal tunable filters (LCTFs) are largely used for machine vision applications including charge coupled devices, as it offers superior image quality. Additionally, LCTF uses liquid crystal elements that can be controlled electrically to select a particular light of a wavelength for sending through the filter excluding other wavelength. The growing adoption of tunable filters for applications such as fluorescence microscopy and hyper spectral imaging and spectroscopy is expected to create novel opportunities for the global tunable filter market.

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Significant investment in R&D to innovate novel tunable filter technology and higher initial cost could be a restraining factor for emerging players in the tunable filter domain, eventually affecting the growth opportunities for the tunable filter market globally. Furthermore, presence of low quality tunable filters in the market could also hamper the growth of the global tunable filter market. However, increasing investment from well-established players in the development of tunable filter technology is expected to overcome this restraint in the near future.

The tunable filter market can be segmented on the basis of product type, end-use industry, and regions. On the basis of product type, the market can be segmented into liquid crystal tunable filter, acousto-optic tunable filter, linear-variable tunable filter, and others. On the basis of end-use industry, the market can be segmented into military & defense, life science, chemicals, and others.

Geographically, the tunable filter market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America and Europe are expected to lead due to technological advancements, growing adoption of tunable filters by the military and defense sector, and presence of well-established players in the tunable filter domain across countries such as the U.S. and Canada. However, the market in Asia Pacific is expected to expand at a significant pace due to the increasing adoption of wireless communication technologies by prominent regional economies such as China and India.

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Some of the key players in the tunable filter market are Santec Corporation., G&H, DiCon Fiberoptics, Inc., Analog Devices, Inc., Kent Optronics, Inc., AA Opto Electronic, Yenista Optics, Brimrose Corporation, Netcom Inc., Micron Optics, Pole/Zero Corporation, Coleman Microwave Company, Thorlabs, Inc., Smiths Interconnect., Semrock, Photonics, and 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.

Ultrasonic Sensors Market to Expand at a CAGR of 17.1% over 2015-2023

The global market for ultrasonic sensors has been covered under the scope of this report. The ultrasonic sensors are used for liquid level measurement, object detection, distance measurement, anti collision detection and pallet detection among others. Reflective sensors, ultrasonic through beam sensors and ultrasonic 2 point proximity switches are the various types of ultrasonic sensors. The usage of ultrasonic sensor improves operational efficiency and the safety standards. These are some of the major factors fueling the demand for ultrasonic sensors globally.

The ultrasonic sensors market is anticipated to experience a stable growth during the forecast period from 2015 to 2023. For better understanding of the market, the global ultrasonic sensors markethas been categorized by type, application, and industry. By types, the market has been segmented into ultrasonic proximity sensor, ultrasonic through beam sensor, ultrasonic retro reflective sensor, and ultrasonic 2 point proximity switches. The application segment includes liquid level measurement, object detection, distance measurement, anti collisions detection and pallet detection among others.

On the basis of industry, the global ultrasonic sensors market can be bifurcated into automotive, power and oil & gas, chemical, agriculture, construction, pulp and paper, material handling, food and beverage, aerospace and defense, medical and healthcare, and others. In addition, this report also provides the cross sectional analysis of all the above segments across different countries within the various regions such as North America, Asia Pacific, Europe and Rest of the World (RoW).

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This report focuses on the current position of the global ultrasonic sensor market and provides a forecast from the period of 2015 to 2023. Furthermore, the report also highlights the current market synopsis and the driving factors that are predicted to have an impact on the future demand of ultrasonic sensor globally. In addition, the various micro economic and macro-economic factors that are anticipated to affect the growth of global ultrasonic sensor market are also provided in this report.

Among the various types of ultrasonic sensors, the ultrasonic proximity sensors segment held the largest market with more than 40% market share in terms of revenue in 2014. The ultrasonic through beam sensors segment is predicted to be the fastest growing market during the forecast period. Among the various industrial applications of global ultrasonic sensors, the power and oil & gas industry contribute the largest market share in 2014.

Globally, Europe occupied the largest market share of ultrasonic sensors market, accounting for more than 35% market share in 2014. Increasing application of these sensors for parking assistance, blind spot detection and automated steering control among others in automotive industry is boosting the demand of ultrasonic sensors in Europe. The ultrasonic sensors market of Europe is followed by Asia Pacific.

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However, this region is anticipated to be the fastest growing market due to extensive use of ultrasonic sensors across various application segments such as automotive and power and oil & gas industry.

The key players operating in the global ultrasonic sensors market are, Pepperl+Fuchs GmbH, Siemens AG, Murata Manufacturing Co., Ltd., Rockwell Automation Inc. and OMRON Corporation among others.

Motion Sensor Market is predicted to account for a total of US$18.20 bn towards the end of 2023

Motion sensing is a rising technology that is transforming the way equipment interacts with machines and humans in the form of detection. Motion sensor is not only used in business and infotainment applications but also in routine activities in homes and other settings.

The global motion sensor market is primarily driven by factors such as increasing application of motion sensors in automotive industry and consumer electronics industry. Motion sensors in the automotive sector are used in advanced driver assistance systems (ADAS), airbag deployment systems and security among others. The automotive industry growth in the developing nations of Asia Pacific can be attributed to rising domestic demand of cars having new technological advancements. Increase in purchasing power of people, improvement in the global economic scenario and the requirement of vehicles are boosting the demand for automotives, globally. Due to growth of the automotive sector, the demand for motion sensors will increase as many luxury vehicles are introducing large number of motion sensor products. Moreover, advanced hybrid and electric vehicles extensively use motion sensors.

Based on types, the motion sensor market is segmented into MEMS magnetometers, MEMS accelerometers, MEMS gyroscopes, ultrasonic sensors and sensor combos. MEMS accelerometers garnered the maximum revenue in 2014. MEMS accelerometer motion sensor is used to detect earthquakes and is also used in detecting medical devices such as artificial body parts among others. MEMS magnetometers are generally used for purposes such as calculation of the magnetic material.

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Based on the various technologies, the motion sensor market is segmented into infrared sensor, microwave sensor, tomographic sensor, ultrasonic sensor and others. Infrared sensor garnered the maximum revenue in 2014. Infrared sensor is further sub segmented into passive infrared and active infrared. Active infrared dominated the market in 2014 and expected to retain its dominance during the forecast period of 2015 – 2023. Microwave sensor held the second largest market after infrared sensor in 2014.

In terms of application, the global market is segmented into industrial , automotive , consumer electronics, fitness and wellness, health care, aerospace and defense and others. Industrial application is further segmented into lighting controls, service robotics and fire alarms and smoke detectors. Consumer electronics is sub segmented into gaming and entertainment, wearable devices, smartphones and tablets and others. The sub segmentation of automotive applications market includes advanced driver assistance system, airbag deployment system, security and others. Investment in research & development and new product developments is estimated to contribute to market growth over the estimate period of 2015 -2023. Additionally, rising popularity of wearable technology is anticipated to boost the demand of the consumer electronic sensors industry. Moreover, Motion sensor devices are used to monitor the activity in the immediate vicinity of the car. It is also used in automotive applications for a security system to monitor the activity outside the car.

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Based on the geography, motion sensor market is segmented into North America, Europe, Asia Pacific and RoW. Among all the regions, in terms of revenue, Europe held the major market share, accounting for 43.2% in 2014, followed by North America. This trend is anticipated to be the same over the estimate period. Major semiconductor companies and equipment manufacturers in Europe are focusing on business expansion across the region and setting up new plants for increasing their production capacity. The motion sensor market in Europe is anticipated to rise with its rising applications in consumer electronics such as smartphones and tablets among others. Asia Pacific is expected to be fastest growing among all others regions. Asia Pacific is also a lucrative market for consumer electronics and industrial application which in turn, is fueling the growth of the motion sensor market.

Key players profiled in this report include Robert Bosch GmbH (Germany), Honeywell International, Inc(U.S.), Microchip Technology, Inc.(United States), Murata Manufacturing Co. Ltd.( Japan), Invensense Inc.( United States), Memsic Inc.( United States), Kionix Inc.(U.S.), Analog Devices, Inc.(U.S.), NXP Semiconductors N.V.( The Netherlands) and ST Microelectronics(Switzerland) among others.

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