Electrical and Electronics Coverage

Automation Industrial Monitors Market Definition And Segments

Automation industrial monitors are ruggedized display units specifically engineered for use in industrial automation and control systems. They are often designed to meet specific industry standards for reliability, durability, and performance. The primary purpose of industrial monitor is to provide operators and control systems with real-time visual feedback on various aspects of industrial processes, including production status, equipment performance, and environmental conditions. The main types of automation industrial monitors include screens below 12, screens between 12 and 17, and screens above 17. Automation industrial monitors with screen sizes below 12 inches denote monitors tailored for industrial use, equipped with attributes like elevated brightness, substantial contrast ratios, and robustness to endure rugged environments. The applications include process industries, discrete industries by end users such as automotive, manufacturing, electronic and electrical, and others. The automation industrial monitors market covered in this report is segmented – 1) By Type: Screen Size Below 12, Screen Size Between 12-17, Screen Size Above 17 2) By Application: Process Industries, Discrete Industries 3) By End User: Automotive, Manufacturing, Electronic And Electrical, Other End-Users The automation industrial monitors market size has grown strongly in recent years. It will grow from $2.34 billion in 2023 to $2.53 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to increasing industrialization, regulatory compliance, cost reduction and efficiency improvement, globalization and supply chain management. The automation industrial monitors market size is expected to see strong growth in the next few years. It will grow to $3.46 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to industry 4.0 and IoT integration, rapid digitalization, demand for touchscreen interfaces, remote monitoring and control, focus on energy efficiency. Major trends in the forecast period include augmented reality (AR) integration, customization and modular design, AI and machine learning integration.

Role Of Industrial Monitoring In The Rise Of Smart Factories

The growing popularity of smart factories is driving automation and industrial monitoring market growth. Smart factories refer to manufacturing facilities that leverage advanced technologies and data-driven solutions to optimize production processes, improve efficiency, and enhance productivity. Smart factories enhance operational efficiency, optimize production processes, and adapt to changing market demands through the integration of advanced technologies such as IoT, AI, and automation. Industrial monitors are the interface for monitoring, controlling, and visualizing production processes, providing real-time data insights, facilitating operator interaction, and enabling seamless integration with other automation systems and devices. For instance, in May 2022, according to a survey of 321 manufacturers conducted by Rockwell Automation Inc., a US-based industrial automation company, the adoption of smart factory technologies witnessed a remarkable 50% year-over-year growth. Moreover, 74% of surveyed manufacturers are either utilizing or planning to integrate artificial intelligence into their manufacturing operations. Additionally, 83% of manufacturing professionals will upgrade their modernization processes into smart factories. Therefore, the growing popularity of smart factories will drive the growth of the automation industrial monitor market. Major companies operating in the automation industrial monitors market are Siemens AG, Mitsubishi Electric Corporation, Honeywell International Inc., ABB Group, Eaton Corporation plc, Emerson Electric Co., Rockwell Automation Inc., Danfoss A/S, Omron Corporation, FANUC Corporation, SMC Corporation, Yaskawa Electric Corporation, Festo AG & Co. KG, KUKA AG, Yokogawa Electric Corporation, Advantech Co. Ltd., National Instruments Corporation, OmniVision Technologies Inc., Beckhoff Automation GmbH & Co. KG, Kontron S&T AG, Barco NV, Pepperl+Fuchs GmbH, Sparton Corporation, AAEON Technology Inc., Axiomtek Co. Ltd., Edge Electronics LLC, RGB Spectrum, Computer Dynamics (CIMTEC Automation), Hope Industrial Systems Inc.

Customizable Technologies In The Automation Industrial Monitor Market

Major companies operating in the automation industrial monitor market focus on advanced technologies, such as customizable industrial monitors, to serve customers with advanced features better. These monitors typically offer flexibility in terms of screen size, resolution, mounting options, connectivity, and additional features to accommodate diverse use cases and environments. For instance, in May 2022, Rockwell Automation Inc., a US-based industrial automation company, unveiled a new line of customizable industrial monitors named Allen-Bradley ASEM 6300M industrial monitors designed to assist machine builders in distinguishing their machines and addressing various application requirements. These options grant machine builders the opportunity to tailor the monitors according to cost, performance, and aesthetic preferences. The ASEM 6300 monitors cater to a broad spectrum of applications, enabling machine builders to differentiate their offerings from competitors in terms of functionality and appearance. These monitors support the display of up to four tiles of information on a single screen, providing operators with valuable insights, including performance data, work instructions, high-resolution videos, and real-time camera feeds.

Rockwell Automation Inc. Expands Software Portfolio With Acquisition Of Plex Systems

In September 2021, Rockwell Automation Inc., a US-based automation company, acquired Plex Systems for an undisclosed amount. This acquisition allows Rockwell to enhance its software offerings, strengthen its annual recurring revenue streams, and accelerate its strategy to bring the connected enterprise to life. The acquisition aims to combine Plex's cloud technology with Rockwell's expertise to provide customers with cloud-native solutions that improve their operations' resilience, agility, and sustainability. Plex Systems is a US-based cloud-native smart manufacturing platform offering automated industrial monitoring. North America was the largest region in the automation industrial monitors market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automation industrial monitors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the automation industrial monitors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The automation industrial monitors market consist of touchscreen monitors, ruggedized monitors, panel PCs, and high-brightness monitors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automation industrial monitors market research report is one of a series of new reports from The Business Research Company that provides automation industrial monitors market statistics, including automation industrial monitors industry global market size, regional shares, competitors with a automation industrial monitors market share, detailed automation industrial monitors market segments, market trends and opportunities, and any further data you may need to thrive in the automation industrial monitors industry. This automation industrial monitors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Big Data Analytics In Semiconductor And Electronics Market Definition And Segments

Big data analytics in the semiconductor and electronics refers to the process of using advanced analytics techniques to analyze large and complex datasets generated within the semiconductor and electronics sector. It generates vast amounts of data from various sources, including manufacturing processes, supply chain operations, product testing, customer feedback, and more. Big data analytics plays a crucial role in the semiconductor and electronics industry by enabling companies to leverage data-driven insights to improve operational efficiency, enhance product quality, drive innovation, and gain a competitive edge in the market. The main components of big data analytics in the semiconductor and electronics market are software and services. Software is the term used to describe a collection of programs or instructions that allow a computer or other electronic device to perform particular functions. The various analytics tools are dashboard and data visualization, reporting, self-service tools, data mining and warehousing, and other analytics tools with various usages including sales and marketing, fault detection and classification, predictive maintenance, virtual metrology, process optimization, yield prediction, and other usages. The various applications used are customer analytics, supply chain analytics, marketing analytics, pricing analytics, workforce analytics, and other applications used by various end-users such as semiconductors and electronics. The big data analytics in semiconductor and electronics market covered in this report is segmented – 1) By Component: Software, Services 2) By Analytics Tools: Dashboard And Data Visualization, Reporting, Self Service Tools, Data Mining And Warehousing, Other Analytics Tools 3) By Usage: Sales And Marketing, Fault Detection And Classification, Predictive Maintenance, Virtual meteorology, Process Optimization, Yield Prediction, Other Usages 4) By Application: Customer Analytics, Supply Chain Analytics, Marketing Analytics, Pricing Analytics, Workforce Analytics, Other Applications 5) By End-user: Semiconductor, Electronics The big data analytics in semiconductor and electronics market size has grown strongly in recent years. It will grow from $20.01 billion in 2023 to $21.80 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to the increasing complexity of semiconductor designs, rapid growth in IoT, demand for faster time-to-market, quality control and yield optimization, energy efficiency, and sustainability. The big data analytics in semiconductor and electronics market size is expected to see strong growth in the next few years. It will grow to $30.81 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to global semiconductor industry collaboration, customization and personalization demands, environmental and sustainability initiatives, digital twin technology adoption, and increased emphasis on cybersecurity. Major trends in the forecast period include blockchain for supply chain transparency, cross-domain collaboration platforms, edge AI chip development, predictive maintenance in manufacturing, and AI-driven design and optimization.

The Role Of Wearable Devices In Propelling Big Data Analytics In The Semiconductor And Electronics Market

An upsurge in penetration of wearable devices is expected to propel big data analytics in the semiconductor and electronics market going forward. Wearable devices are compact electronic gadgets designed to be worn on the body, often equipped with sensors and connectivity features for tracking health and fitness or providing personalized information. The penetration of wearable devices is attributed to technological advancements, health and wellness trends, lifestyle integration, personalization, connectivity needs, and fashion considerations. Wearable devices contribute significantly to big data analytics in the semiconductor and electronics industry by providing valuable data that can be analyzed for various purposes, including health monitoring, user behavior analysis, real-time monitoring, and predictive maintenance. For instance, in November 2022, according to Vicert, a US-based digital health solution software company, the number of wearable devices shipped in 2021 amounted to 533.6 million, including watches, hearing aids, and other assistive equipment. Further, by 2023, 105 million devices are expected to be in the wearables and earwear category. Therefore, an upsurge in the penetration of wearable devices is driving the growth of big data analytics in the semiconductor and electronics market. Major companies operating in the big data analytics in semiconductor and electronics market are Microsoft Corporation, Dell Inc., Amazon Web Services Inc., IBM Corporation, Cisco Systems Inc., Optimalplus Ltd., Broadcom Inc., SAP SE, Advanced Micro Devices Inc., ASML Holding NV, MediaTek Inc., Lam Research Corporation, Analog Devices Inc., KLA Corporation, Marvell Technology Group Ltd., Qualtera SAS, Synopsys Inc., Cadence Design Systems Inc., SAS Institute Inc., Splunk Inc., Silicon Laboratories Inc., Onto innovation Inc., TIBCO Software Inc., Rapidminer Inc., YieldHub, XDM technology co. Ltd., Mentor Graphics Corporation

Innovative Horizons Exploring The Realm Of Product Evolution And Advancement

Major companies operating in big data analytics in the semiconductor and electronics market are focused on developing innovative solutions, such as Amazon EC2 C7g, to gain competitive advantages in the market. Amazon EC2 C7g offers customers greater computing performance at a lower cost for a broad range of workloads. For instance, in November 2022, Amazon.com, Inc., a US-based company engaged in e-commerce, introduced the Amazon EC2 C7g, powered by New AWs-designed chips. Hpc7g instances, featuring the latest AWS Graviton3E chips, provide up to twice the floating-point performance of the current C6gn instances and up to 20% higher than the current Hpc6a instances. This results in optimal price performance for AWS high-performance computing (HPC) workloads.

Altair Engineering Inc. Expands Electronic System Design Suite Through Acquisition Of Concept Engineering

In June 2022, Altair Engineering Inc., a US-based software company, acquired Concept Engineering for an undisclosed amount. This acquisition aims to enhance Altair's electronic system design suite by integrating Concept Engineering's advanced visualization technology. Concept Engineering is a US-based c provider of electronic system visualization software with applications across various industries. North America was the largest region in the big data analytics in semiconductor and electronics market in 2023. The regions covered in the big data analytics in semiconductor and electronics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the big data analytics in semiconductor and electronics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The big data analytics in the semiconductor and electronics market includes revenues earned by entities by providing services such as predictive maintenance, yield optimization, and quality control. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The big data analytics in the semiconductor and electronics research report is one of a series of new reports from The Business Research Company that provides big data analytics in the semiconductor and electronics market statistics, including the big data analytics in the semiconductor and electronics industry's global market size, regional shares, competitors with big data analytics in the semiconductor and electronics market share, detailed big data analytics in the semiconductor and electronics market segments, market trends and opportunities, and any further data you may need to thrive in the big data analytics in the semiconductor and electronics industry. This big data analytics in the semiconductor and electronics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Car Phone Holder Market Definition And Segments

A car phone holder is a device designed to securely hold a smartphone in a car, allowing for easy access to the screen while driving. It provides a safe and visible place for the phone without obstructing it, allowing the driver to use navigation apps, make hands-free calls, or engage in other essential functions without physically handling the device, promoting safer driving habits and reducing distractions. The main types of products in car phone holders are magnetic and cradle/spring. A magnetic car phone holder is a device designed to securely hold a smartphone in a car using magnets. It includes mounting types, sticky pads, car air vent clips, suction pads, and others, and it comes in various categories such as wireless charging and regular also it distributed through store-based and non-store-based The car phone holder market covered in this report is segmented – 1) By Product Category: Magnetic, Cradle Or Spring 2) By Mounting Type: Sticky Pad, Car Air Vent Clip, Suction Pad, Other Mounting Types 3) By Category: Wireless Charging, Regular 4) By Distribution Channel: Store-Based, Non-Store-Based The car phone holder market size has grown steadily in recent years. It will grow from $1.03 billion in 2023 to $1.10 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to increasing smartphone usage while driving, growing concern for road safety and hands-free regulations, demand for convenience and accessibility of mobile devices in cars, expansion of ride-sharing and navigation app usage, development of versatile and adjustable holder designs, rise in long-distance commuting and travel. The car phone holder market size is expected to see steady growth in the next few years. It will grow to $1.46 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to adoption of wireless charging capabilities in phone holders, customization options to fit different car models and phone sizes, growing popularity of carpooling and ride-hailing services, emphasis on user-friendly and ergonomic designs, expansion of e-commerce platforms for car accessories, focus on eco-friendly and sustainable materials, regulatory compliance with distracted driving laws and guidelines. Major trends in the forecast period include adoption of versatile mounting designs, expansion of magnetic solutions, integration of wireless charging capabilities, adoption of eco-friendly materials, integration of smart features, increasing emphasis on safe usage drive trends.

Innovative Advancements In The Car Phone Holder Market

Major companies operating in the car phone holder market focus on developing innovative products such as Number Zero 2.0, a dynamic new magnetic car phone holder. Number Zero 2.0 is a creative type of car phone holder that utilizes magnetic mounting technology in a unique or advanced way for secure attachment and positioning of smartphones. For instance, in August 2021, NUMBER ZERO Inc., a US-based electronics company, launched the NUMBER ZERO 2.0, a dynamic new magnetic car phone holder, on Indiegogo. This innovative product is the world's first 5-in-1 magnetic car phone holder with dynamic animation. It serves multiple functions, acting as a hands-free phone holder for drivers, a decorative item, a scent diffuser, an animated toy, and a tabletop phone stand. Additionally, it features an ultra-strong magnet, dynamic animation, compatibility, a scent diffuser, customizable backgrounds, and a practical design that combines practicality with creative car phone holders. Major companies operating in the car phone holder market are Belkin International Inc., Nite Ize, Scosche Industries Inc., Amkette, Baseus, Amzer Inc., Brodit AB, Arkon Resources Inc., RAM Mounting Systems Inc., Macally, Kenu, MPOW Innovations Limited, WizGear.com, TechMatte Inc., Shenzhen DIVI Technology Co, Ltd. (Ainope), Bestrix, Olixar, Portronics Digital Private Limited., ZAAP, National Products Inc., Koomus, iOttie, Insten Solutions LLP, The Joy Factory, Mirakase International Limited, Humixxus

Innovative Advancements In The Car Phone Holder Market

Major companies operating in the car phone holder market focus on developing innovative products such as Number Zero 2.0, a dynamic new magnetic car phone holder. It is a creative type of car phone holder that utilizes magnetic mounting technology in a unique or advanced way for secure attachment and positioning of smartphones. For instance, in August 2021, NUMBER ZERO Inc., a US-based electronics company, launched the NUMBER ZERO 2.0, a dynamic new magnetic car phone holder, on Indiegogo. This innovative product is the world's first 5-in-1 magnetic car phone holder with dynamic animation. It serves multiple functions, acting as a hands-free phone holder for drivers, a decorative item, a scent diffuser, an animated toy, and a tabletop phone stand. Additionally, it features an ultra-strong magnet, dynamic animation, compatibility, a scent diffuser, customizable backgrounds, and a practical design that combines practicality with creative car phone holders.

Ultrahuman Expands Wearable Tech Reach With LazyCo Acquisition

In April 2022, Ultrahuman, an India-based health-tech company, acquired LazyCo for an undisclosed amount. Through this acquisition, Ultrahuman aimed to expand its biomarkers, offer preventive care wearables, and promote passive personalized health through minimal user effort, which resonates with LazyCo's philosophy. LazyCo is an India-based manufacturing company specializing in consumer products, particularly wearable technology and car phone holders. North America was the largest region in the car phone holder market in 2023. The regions covered in the car phone holder market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the car phone holder market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The car phone holder market consists of sales of dashboard mounts and windshield mounts, rubber padding, extra mounting adapters, magnetic mounts, air vent mounts, and wireless charging mounts. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The car phone holder market research report is one of a series of new reports from The Business Research Company that provides car phone holder market statistics, including car phone holder industry global market size, regional shares, competitors with a car phone holder market share, detailed car phone holder market segments, market trends and opportunities, and any further data you may need to thrive in the car phone holder industry. This car phone holder market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Digital Signal Processors Market Definition And Segments

Digital signal processors (DSPs) are specialized microprocessors designed to efficiently process digital signals, such as audio, video, speech, and data, in real-time or near-real-time applications. It is a versatile and indispensable component in numerous applications with essential requirements for real-time signal processing, high-performance computation, and efficient resource utilization. The main types of digital signal processors are general purpose digital signal processor, programmable digital signal processor, and specific purpose or application specific digital signal processor. A general-purpose digital signal processor (DSP) is a type of microprocessor specifically designed to perform digital signal processing tasks. Single and multi-core processors are used for various strategic analysis include value chain analysis, opportunities analysis, product or market life cycle, and suppliers and distributors for wireless communications, audio and video processing, digital image processing, radar communication, medical devices, mobile telecommunication, industrial automation, radio frequency digital signal processing applications of communication, automotive, consumer electronics, industrial, aerospace and defense, healthcare end-user industries. The digital signal processors market covered in this report is segmented – 1) By Type: General Purpose Digital Signal Processor, Programmable Digital Signal Processor, Specific Purpose Or Application Specific Digital Signal Processor 2) By Core: Single-Core, Multi-Core 3) By Strategic Analysis: Value Chain Analysis, Opportunities Analysis, Product Or Market Life Cycle, Suppliers And Distributors 4) By Application: Wireless Communications, Audio And Video Processing, Digital Image Processing, Radar Communication, Medical Devices, Mobile Telecommunication, Industrial Automation, Radio Frequency Digital Signal Processing 5) By End-User Industry: Communication, Automotive, Consumer Electronics, Industrial, Aerospace And Defense, Healthcare The digital signal processors market size has grown strongly in recent years. It will grow from $14.62 billion in 2023 to $15.97 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to significant developments in wireless infrastructure, growing demand for digital signal processing within automotive applications drives its market growth, growing demand from thriving automotive industry to propel digital signal processor sales, increasing demand for high-quality audio and video processing, rapid advancements in technology driving DSP market growth. The digital signal processors market size is expected to see strong growth in the next few years. It will grow to $22.93 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to growing demand for VOIP and IP video, increasing adoption of connected devices coupled with rise in data traffic is positively impacting the market growth of digital, high usage of digital signal processor chips in consumer electronics will boost market, growing adoption of IoT and connected devices, increasing demand for IoT devices and edge computing. Major trends in the forecast period include advanced technology, proliferation of wireless communication technologies, IoT applications, integration of ai and machine learning, automotive industry.

The Impact Of Rising Consumer Electronics Demand On The Digital Signal Processors Market

The rise in demand for consumer electronics is expected to propel the growth of the digital signal processors market going forward. Consumer electronics refers to electronic devices and gadgets designed for everyday use by individuals for entertainment, communication, productivity, and personal convenience. The demand for consumer electronics is increasing due to increased connectivity, the rise of remote work and learning, entertainment and streaming services, the convenience of e-commerce, and the affordability and accessibility of these products. Digital signal processors enhance consumer electronics by enabling high-quality audio processing, image and video enhancement, voice recognition, wireless communication, power management, sensor processing, display optimization, and real-time data processing. For instance, according to the United States International Trade Commission (USITC), a US-based government agency, the total value of U.S. exports of electronic products increased from $286 billion in 2021 to $302 billion in 2022, representing a growth rate of approximately 10.0%. Therefore, the rise in demand for consumer electronics is driving the growth of the digital signal processors market. Major companies operating in the digital signal processors market are Samsung Electronics Co. Ltd., Intel Corporation, Qualcomm Incorporated, Broadcom Inc., Toshiba Corporation, Asahi Kasei Microdevices Corporation, Texas Instruments Incorporated, MediaTek Inc., STMicroelectronics N.V., Infineon Technologies AG, NXP Semiconductors N.V., Analog Devices Inc., Renesas Electronics Corporation, ON Semiconductor Corporation, Microchip Technology Inc., Synopsys Inc., Marvell Technology Group Ltd., ROHM Semiconductor, Novatek Microelectronics Corp., Xilinx Inc., Maxim Integrated Products Inc., Cirrus Logic Inc., Silicon Laboratories Inc., Lattice Semiconductor Corporation, Ambarella Inc., DSP Group Inc., CEVA Inc., QuickLogic Corporation, Wave Computing Inc., Imagination Technologies Group plc

Innovative Products In The Digital Signal Processor Market

Major companies operating in the digital signal processor market are developing innovative products, such as AK7018 and AK7017, to enhance the in-car audio and voice experience. AK7018 and AK7017 are pin-compatible audio DSPs featuring dual and single HiFi 4 CPUs. For instance, in December 2022, Asahi Kasei Microdevices Corporation, a Japan-based variety of advanced sensing devices, launched the AK7018 and AK7017, designed to take the in-car audio and voice experience to the next level. These DSPs provide versatility in building cutting-edge automotive entertainment systems while improving the audio and speech quality inside the vehicle. While the AK7017 offers a scalable solution for simpler system versions, the AK7018, equipped with twin HiFi 4 DSP cores, enables simultaneous high-resolution audio and speech processing.

Acquisition Of Axign BV By Monolithic Power Systems Inc.

In February 2024, Monolithic Power Systems Inc., a US-based company specializing in high-performance power solutions, acquired Axign BV for an undisclosed amount. With this acquisition, Monolithic Power Systems aims to revolutionize audio signal processing and amplification, enhancing the audio experience in automotive and consumer systems. Axign BV is a Netherlands-based semiconductor company specializing in programmable multicore digital signal processors. Asia-Pacific was the largest region in the digital signal processor market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital signal processors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the digital signal processors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The digital signal processor market consists of revenues earned by entities by providing services such as signal processing solutions, customization services, consulting services, integration services, and telecommunications. The market value includes the value of related goods sold by the service provider or included within the service offering. The digital signal processor market also includes sales of DSP chips, DSP development boards and software development tools. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The digital signal processors market research report is one of a series of new reports from The Business Research Company that provides digital signal processors market statistics, including digital signal processors industry global market size, regional shares, competitors with a digital signal processors market share, detailed digital signal processors market segments, market trends and opportunities, and any further data you may need to thrive in the digital signal processors industry. This digital signal processors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Galvanic Isolation Market Definition And Segments

Galvanic isolation refers to the practice of separating the input and output supplies of a device to facilitate the flow of current either through a field or electrical connections. It enables the transfer of power between two circuits that should remain uncoupled. The primary purpose of establishing isolation is to enhance safety in industrial-grade products, particularly in scenarios where wired communication is necessary between two devices, each independently controlling its power. The main types of galvanic isolation are analog galvanic isolation and digital galvanic isolation. Analog galvanic isolation refers to circuitry that effectively segregates the pH input circuit from all other electronics within the system, offering comprehensive isolation. The data range includes above 75 mbps, 25-75 mbps, and 25 mbps, and various channels include two channels, four channels, six channels, eight channels, and others. It is sold through various sales channels, including online retail and direct sales, for several applications such as healthcare, telecommunications, manufacturing, energy, automotive, aerospace and defense, consumer electronics, and others. The galvanic isolation market covered in this report is segmented – 1) By Type: Analog Galvanic Isolation, Digital Galvanic Isolation 2) By Data Range: Above 75 Mbps, 25-75 Mbps, 25 Mbps 3) By Channel: Two Channels, Four Channels, Six Channels, Eight Channels, Other Channels 4) By Sales Channel: Online Retail, Direct Sales 5) By Application: Healthcare, Telecommunications, Manufacturing, Energy, Automotive, Aerospace And Defense, Consumer Electronics, Other Applications The galvanic isolation market size has grown strongly in recent years. It will grow from $1.81 billion in 2023 to $1.97 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to growth in telecommunications infrastructure, increasing demand for automation, integration of renewable energy sources, increasing electronic content in vehicles, data communication expansion. The galvanic isolation market size is expected to see strong growth in the next few years. It will grow to $2.78 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to surge in electric vehicle (EV) production, growth of internet of things (IoT) devices, increasing focus on electrical safety, rise in demand for medical devices. Major trends in the forecast period include increased adoption of digital isolation technologies, emergence of wireless charging solutions, rise of edge computing, advancements in high-speed communication interfaces, focus on miniaturization and integration.

Galvanic Isolation Market Propelled By Renewable Energy Expansion

The growth of renewable energy sources is expected to propel the growth of the galvanic isolation market going forward. Renewable energy, commonly known as clean energy, originates from natural sources or ongoing processes that undergo continuous replenishment. Renewable energy sources are on the rise due to their increasing affordability, supportive government policies, and the growing global focus on sustainability and reducing carbon emissions. Galvanic isolation ensures safety and prevents ground loops in renewable energy systems by electrically separating components. In renewable energy systems such as solar photovoltaic (PV) and wind power generation, galvanic isolation provides a barrier between different electrical circuits, preventing the flow of current and eliminating ground loops. For instance, in December 2023, according to Eurostat, a Luxembourg-based government agency, the European Union (EU) reached a 23.0% share of its gross final energy consumption from renewable sources in 2022, around 1.1% points higher than in 2021. Therefore, the growth of renewable energy sources is driving the growth of the galvanic isolation market. Major companies operating in the galvanic isolation market are Schneider Electric SE, Broadcom Inc., Toshiba Electronic Devices & Storage Corporation, Würth Elektronik, Eaton Corporation, Texas Instruments Incorporated, STMicroelectronics N.V., TDK Corporation, Infineon Technologies AG, Murata Manufacturing Co. Ltd., NXP Semiconductors N.V., Analog Devices Inc., Renesas Electronics Corporation, ROHM Semiconductor, Vishay Intertechnology, Maxim Integrated, Corrpro Companies Inc., Mornsun Power, Silicon Laboratories, Semtech Corporation, Pepperl+Fuchs GmbH, Power Integrations, RECOM Power GmbH, Perle Systems Europe Ltd., Professional Mariner LLC, Traco Electronic AG

Advancements In Galvanic Isolation Technology Drive Innovation And Market Expansion

Major companies operating in the market are focusing on the development of galvanic isolation technology to gain a competitive edge in the market. Galvanic isolation is employed to electrically separate two circuits while allowing signal or power transfer, preventing ground loops, and enhancing safety. For instance, in March 2021, Tower Semiconductor Ltd., an Israel-based semiconductor manufacturing company, announced the launch of its newly developed state-of-the-art galvanic capacitor technology. The most recent galvanic isolation technology is seamlessly integrated with 0.18um power management and mixed-signal platforms, facilitating the development of isolated gate driver and digital isolator ICs capable of delivering up to 12 kV. These advancements significantly bolster safety and power efficiency, particularly in automotive, green power, and industrial applications. The integration of the galvanic isolator within the new technology provides cost and size advantages, eliminating the necessity for an additional device.

Branford Castle Partners Acquires GPT Industries For Expansion And Market Diversification

In January 2023, Branford Castle Partners, a US-based provider of investment services, acquired GPT Industries from EnPro Industries for an undisclosed amount. The acquisition was part of Branford's strategy to support GPT's growth and expand its products into new markets and geographies. GPT Industries is a US-based provider of galvanic isolation through their flange isolation products. North America was the largest region in the galvanic isolation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the galvanic isolation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the galvanic isolation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The galvanic isolation market consists of revenues earned by entities by providing services such as signal isolation, power isolation, and galvanic isolation in uninterruptible power supplies. The market value includes the value of related goods sold by the service provider or included within the service offering. The galvanic isolation market also includes sales of transformers, capacitors, opto-isolators, and hall effect sensors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The galvanic isolation market research report is one of a series of new reports from The Business Research Company that provides galvanic isolation market statistics, including galvanic isolation industry global market size, regional shares, competitors with a galvanic isolation market share, detailed galvanic isolation market segments, market trends and opportunities, and any further data you may need to thrive in the galvanic isolation industry. This galvanic isolation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Industrial Automation Cable Market Definition And Segments

Industrial automation cables are specialized cables designed to facilitate the transmission of data, signals, and power within industrial automation systems. They ensure seamless communication and power distribution among various automated machinery and equipment in industrial settings and improve efficiency and productivity. The main product types of the industrial automation cable market are ethernet cables, fieldbus cables, servo cables, robot cables, and other product types. An Ethernet cable refers to a common type of network cable utilized in wired networks, connecting devices such as PCs, routers, and switches within a local area network. The various cable types are copper cables, and fiber optic cables distributed by various sales channels such as direct sales, and distributor sales used by various application industries including automotive, oil and gas, energy and power, manufacturing, aerospace and defense, chemicals and petrochemicals, pharmaceuticals, food and beverage, and other applications. The industrial automation cable market covered in this report is segmented – 1) By Product Type: Ethernet Cables, Fieldbus Cables, Servo Cables, Robot Cables, Other Product Types 2) By Cable Type: Copper Cables, Fiber Optic Cables 3) By Sales Channel: Direct Sales, Distributor Sales 4) By Application Industry: Automotive, Oil And Gas, Energy And Power, Manufacturing, Aerospace And Defense, Chemicals And Petrochemicals, Pharmaceuticals, Food And Beverage, Other Applications The industrial automation cable market size has grown strongly in recent years. It will grow from $7.54 billion in 2023 to $8.16 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to the need for high-speed data transmission, reliable power supply, emerging economies, and infrastructure development, the rise in the development of advanced and digitized systems, high demand for data exchange. The industrial automation cable market size is expected to see strong growth in the next few years. It will grow to $11.38 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to rising demand for more efficient data transmission and power supply solutions globally, rising transition of the conventional production process and facilities, increasing demand for industrial automation cable, and rise in the need for high-performance networks. Major trends in the forecast period include technological advancements, recent developments in factory optimization, innovative solutions to automotive or agricultural industries, advancements in Internet of Things (IoT), and increasing adoption of automation technologies.

Robotics' Impact On The Industrial Automation Cable Market

The increasing shift towards robotics is expected to propel the growth of the industrial automation cable market going forward. Robotics is an interdisciplinary topic that studies the design, construction, use, and analysis of autonomous or semi-autonomous robots that can mimic or enhance human actions. The use of robots is rising due to the rapid breakthroughs in robotics technology, which include advancements in artificial intelligence, control systems, actuators, and sensors. Industrial automation cables are integral components of robotic systems, enabling efficient power transmission, signal communication, data exchange, flexibility, and safety in industrial automation applications. For instance, according to the International Federation of Robotics (IFR), a Germany-based non-profit organization, global sales of industrial robots reached 384,000 units in 2021, an increase of 16% compared to the previous year. Therefore, the growing adoption of robotics drives the growth of the industrial automation cable market. Major companies operating in the industrial automation cable market are Prysmian Group, Borealis AG, Southwire Company, LLC, Nexans, Hitachi Metals, Ltd., Anixter International Inc., LEONI AG, Fujikura Ltd., LS Cable & System, Oki Electric, Belden, LAPP, Wanma Cable, TKH Group NV, Bizlink Holding Inc., Helukabel, igus GmbH, SAB Brockskes, Eland Cables, Alpha Wire Company, Teldor Cables & Systems Ltd., Cicoil LLC, Lorom Industrial, TPC Wire & Cable, Cables Unlimited, Inc., General Cable, Elettrotek Kabel, Zhejiang Zhaolong, Lutze, MotionCables

Innovations In Interconnect Assemblies By Major Companies In The Industrial Automation Cable Sector

Major companies operating in the industrial automation cable market are focused on developing innovative products, such as XtendedFlex 178, to increase their profitability in the market. XtendedFlex 178 is a high-flex coaxial cable designed for applications that demand constant cable motion and flexibility. For instance, in March 2023, Times Microwave Systems, a US-based manufacturer of innovative microwave interconnect assemblies and cables, announced the launch of the 'XtendedFlex 178' continuous flex coaxial cable. It is tailored for use with plastic cable drag chains. The XF-178 cable is precisely engineered to meet the demands of applications characterized by continuous movement and adaptability, notably in sectors such as robotics and industrial automation utilized in expansive distribution centers.

Interplex Expands Presence In The Medical Sector through Acquisition Of OCP Group, Inc.

In February 2021, Interplex, a Singapore-based company specializing in designing and manufacturing interconnect and mechanical products, acquired OCP Group, Inc. for an undisclosed amount. Through this acquisition, Interplex aims to enhance its rapidly expanding presence in the medical and life sciences sector by focusing on developing and providing tailored interconnect and cable assembly solutions. OCP Group, Inc. is a US-based manufacturer of custom cables and wire harnesses, offering industrial cables designed for automation and robotics applications. Europe was the largest region in the industrial automation cable market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial automation cable market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the industrial automation cable market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The industrial automation cable market consists of sales of connector cables, inter-bus cables, railway cables, and marine cables. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The industrial automation cable market research report is one of a series of new reports from The Business Research Company that provides industrial automation cable market statistics, including the industrial automation cable industry global market size, regional shares, competitors with an industrial automation cable market share, detailed industrial automation cable market segments, market trends and opportunities, and any further data you may need to thrive in the industrial automation cable industry. This industrial automation cable market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Mechanical Keyboard Market Definition And Segments

A mechanical keyboard is a type of keyboard that uses individual spring-activated switches for each key, providing tactile and audio feedback that allows for precise keystrokes. Enthusiasts and professionals favor mechanical keyboards for their durability, precision, tactile feel, and customizable typing experience. They are commonly used in gaming, typing-intensive tasks, programming, and other applications where key responsiveness and feedback are essential. The main types of products in mechanical keyboards are tactile switches, clicky switches, and linear switches. A tactile switch is a type of electrical switch that provides tactile feedback to the user when activated. It includes multiple connectivity types, such as wired keyboards and wireless keyboards, which are used for various applications, including professional gamers, commercial users, and residential users. And it also consists of various end users, such as gaming zones, e-learning institutes, household personal computers, internet cafes, and others. The mechanical keyboard market covered in this report is segmented – 1) By Product Type: Tactile Switches, Clicky Switches, Linear Switches 2) By Connectivity: Wired Keyboards, Wireless Keyboards 3) By Application: Professional Gamers, Commercial, Residential 4) By End-Users: Gaming Zones, E-Learning Institutes, Household Personal Computers, Internet Cafes, Other End Users The mechanical keyboard market size has grown rapidly in recent years. It will grow from $1.42 billion in 2023 to $1.60 billion in 2024 at a compound annual growth rate (CAGR) of 12.6%. The growth in the historic period can be attributed to emergence of personal computing, gaming enthusiast adoption, professional typists' preference, retro keyboard revival, esports and competitive gaming. The mechanical keyboard market size is expected to see rapid growth in the next few years. It will grow to $2.60 billion in 2028 at a compound annual growth rate (CAGR) of 13.0%. The growth in the forecast period can be attributed to growing demand for gaming peripherals, rise in remote workforce, preference for tactile feedback, increasing disposable income, and increasing disposable income. Major trends in the forecast period include enhanced customization options, sustainability and eco-friendly materials, compact and portable designs, integration of advanced features, growing demand for silent switches.

Impact Of Online Gaming On Mechanical Keyboard Market

The rising popularity of online gaming is expected to propel the growth of the mechanical keyboard market going forward. Online gaming refers to playing video games over the internet, often in real-time interaction with other players or virtual environments. The popularity of online gaming is rising due to social interaction, accessibility, diverse content, and competitive opportunities. Mechanical keyboards enhance gaming accuracy by providing tactile feedback, reducing accidental keystrokes, and maintaining consistency in gameplay. For instance, in December 2023, according to DemandSage, a US-based developer of an automated data reporting platform, the global gaming community totaled 3.22 billion individuals, with projections indicating an increase to 3.32 billion by the end of 2024. Therefore, the rising popularity of online gaming is driving the growth of the mechanical keyboard market. Major companies operating in the mechanical keyboard market are Samsung Electronics Co. Ltd., Dell Technologies Inc., Huawei Technologies Co. Ltd., Lenovo Group Limited, LG Electronics Inc., Panasonic Corporation, ZF Friedrichshafen AG, Xiaomi Corporation, Fujitsu Limited, Hewlett Packard Enterprise, Toshiba Memory Corporation, NEC Corporation, Sharp Corporation, ASUSTeK Computer Inc., Western Digital Corporation, Kingston Technology Company Inc., Seagate Technology Holdings plc, OMRON Corporation, Logitech International S.A., FKB Leopold Co. Ltd., Razer Inc., Corsair Gaming Inc., Turtle Beach Corporation, Trust International B.V., Rapoo Technology Co. Ltd.

Innovative Mechanical Gaming Keyboards Elevating The Gaming Experience

Major companies operating in the mechanical keyboard market are focusing on developing mechanical gaming keyboards, such as the K1 and K2, to elevate the gaming experience for users by providing high-quality, durable, and efficient input devices. The K1 and K2 are mechanical gaming keyboards designed for gaming enthusiasts, offering features that enhance performance and comfort during gameplay. For instance, in February 2024, Portronics Digital Pvt. Ltd., an India-based manufacturer of portable gadgets, launched two new mechanical gaming keyboards, the K1 and K2, designed to cater to gamers seeking precision and speed in gaming equipment. The K1 model features blue tactile switches, while the K2 comes with red linear switches, offering different feedback options for users. These keyboards have anti-ghosting capability, 104 full-sized backlit keys, customizable RGB lighting with over 20 dynamic modes, and a durable ABS body. The K1 and K2 keyboard launches aim to provide users with a premium gaming experience at an accessible price point, enhancing their overall gaming performance and comfort.

Corsair Gaming Acquires Drop To Expand Personalized Keyboards Sector

In July 2023, Corsair Gaming, Inc., a US-based gaming and streaming gear developer, acquired Drop for an undisclosed amount. Through this acquisition, Corsair aims to broaden its global presence within the personalized keyboards sector, catering to consumer preferences for customizable options. Drop is a US-based company that specializes in manufacturing and offering a wide range of mechanical keyboards. North America was the largest region in the mechanical keyboard market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mechanical keyboard market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the mechanical keyboard market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The mechanical keyboard market consists of sales of ten-keyless (TKL) mechanical keyboards, compact mechanical keyboards, ergonomic mechanical keyboards, and gaming mechanical keyboards. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The mechanical keyboard market research report is one of a series of new reports from The Business Research Company that provides mechanical keyboard market statistics, including mechanical keyboard industry global market size, regional shares, competitors with a mechanical keyboard market share, detailed mechanical keyboard market segments, market trends and opportunities, and any further data you may need to thrive in the mechanical keyboard industry. This mechanical keyboard market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Microgrid Monitoring Market Definition And Segments

Microgrid monitoring refers to the process of continuously observing and analyzing the performance, status, and condition of a microgrid system. A microgrid is a localized energy system operating independently or in conjunction with the main power grid. Microgrid monitoring helps optimize energy usage, detect faults, and improve reliability in decentralized power systems, ensuring efficient operation and cost savings. The components of microgrid monitoring are hardware, software, and service. Hardware refers to the external and internal devices and equipment that enable major computer functions such as input, output, storage, communication, and processing. Various grid types include on grid and off grid used for military, campus, community, island, and remote application, by various end-users, including residential, commercial, industrial, and utilities. The microgrid monitoring market covered in this report is segmented – 1) By Component: Hardware, Software, Service 2) By Grid type: On Grid, Off Grid 3) By Application: Military, Campus, Community, Island, Remote 4) By End User: Residential, Commercial, Industrial, Utilities The microgrid monitoring market size has grown rapidly in recent years. It will grow from $3.07 billion in 2023 to $3.44 billion in 2024 at a compound annual growth rate (CAGR) of 12.0%. The growth in the historic period can be attributed to economic and social benefits, industry 4.0 growth, global energy consumption, industrial development, focus on modernization. The microgrid monitoring market size is expected to see rapid growth in the next few years. It will grow to $5.48 billion in 2028 at a compound annual growth rate (CAGR) of 12.4%. The growth in the forecast period can be attributed to demand for stable energy supply, smart grids and IoT integration, decarbonization efforts, resilience and automation, government initiatives. Major trends in the forecast period include increasing installation of land based renewable energy projects, focus on modernization, global leaders in microgrid technology, growth in solar energy installations, investments in smart grid infrastructure.

Clean Energy Demand Driving Growth In The Microgrid Monitoring Market

The growing demand for clean energy is expected to propel the growth of the microgrid monitoring market going forward. Clean energy refers to energy sources that produce minimal or no pollution when converted into usable energy, typically derived from renewable resources such as solar, wind, hydroelectric, geothermal, and biomass. Demand for clean energy is rising due to increasing awareness of environmental concerns and the desire for energy independence. Microgrid monitoring optimizes clean energy distribution, ensuring efficient utilization and reliability within localized electricity systems. For instance, according to the International Energy Agency, a France-based intergovernmental organization, in 2022, the electricity generated by wind surged by 265 terawatt hours (TWh), a 14% increase from 2021 and standing as the second-largest growth among all power generation technologies. Therefore, the growing demand for clean energy is driving the growth of the microgrid monitoring market. Major companies operating in the microgrid monitoring market are Hitachi Ltd., Siemens AG, Lockheed Martin Corporation, Caterpillar Inc., Schneider Electric SE, Honeywell International Inc., ABB Ltd., Toshiba Corporation, Eaton Corporation, Exelon Corporation, EnerconSBS, Aggreko Ltd., Schweitzer Engineering Laboratories, SMA Solar Technology AG, S&C Electric Company, GE Power India Ltd., Scale Microgrid Solutions, Viridity Energy Solutions, Homer Energy, Power Analytics Corporation, Advanced Microgrid Solutions, Spirae

Innovative Technologies Driving Profitability In The Microgrid Monitoring Market

Major companies operating in the microgrid monitoring market are developing innovative technologies, such as advanced microgrid energy storage systems, to increase their profitability in this market. It is utilized in microgrid monitoring to optimize energy distribution, ensure grid stability, and seamlessly integrate renewable energy sources. For instance, in February 2024, San Diego Gas & Electric (SDG&E), a US-based utility company, launched four advanced microgrids in Clairemont, Tierra Santa, Paradise, and Boulevard communities. These microgrids offer real-time monitoring, quicker responses to grid events, efficient energy storage management, and improved grid resilience. These microgrids can operate autonomously or with the broader regional grid, boasting a total storage capacity of around 39 MW and 180 MWh spread across four SDG&E substations. These microgrids are equipped with state-of-the-art safety technologies and utilize lithium iron phosphate (LFP) battery cells to provide advanced safety and fire prevention features.

Yokogawa Electric Corporation Strengthens Power Generation Monitoring And Control With PXiSE Energy Solutions LLC

In March 2022, Yokogawa Electric Corporation, a Japan-based electrical engineering and software company, acquired PXiSE Energy Solutions LLC for an undisclosed amount. The acquisition aims to enhance Yokogawa's capabilities in monitoring and controlling power generation facilities and assisting customers in optimizing energy distribution, grid resilience, and asset returns. PXiSE Energy Solutions LLC is a US-based software company that provides microgrid monitoring through its high-speed control software for grids and renewable energy assets. Asia-Pacific was the largest region in the microgrid monitoring market in 2023. The regions covered in the microgrid monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the microgrid monitoring market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The microgrid monitoring market includes revenues earned by entities by providing services such as fault detection and diagnosis, installation and deployment, configuration and integration, predictive maintenance, and data analytics and management. The market value includes the value of related goods sold by the service provider or included within the service offering. The microgrid monitoring market also includes sales of microgrid controllers, sensors, and meters, energy management systems, and integration and control software. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The microgrid monitoring market research report is one of a series of new reports from The Business Research Company that provides microgrid monitoring market statistics, including microgrid monitoring industry global market size, regional shares, competitors with a microgrid monitoring market share, detailed microgrid monitoring market segments, market trends and opportunities, and any further data you may need to thrive in the microgrid monitoring industry. This microgrid monitoring market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.