Global Freezers Market

Analytical Laboratory Instruments Market Definition

The analytical laboratory instruments market consists of sales of analytical laboratory instruments and related services. These instruments are used in laboratory analysis of the chemical or physical composition or concentration of solid, liquid, gaseous, or composite materials. Analytical instruments are a large class of instruments used in end-user industries such as chemical, pharmaceutical, life-sciences, food processing labs and oil refineries for testing the samples. Analytical laboratory instruments are either electronic or non-electronic devices which help in assessing and analyzing samples, both qualitatively and quantitatively. Analytical laboratory instruments are used to analyze the chemical composition of a sample and the quantity of each component within a sample. They also encompass a portfolio of testing methods and their respective applications. Some of the common analytical laboratory instruments include mass spectrometers, chromatographs, titrators, spectrometers, particle size analyzers, rheometers, elemental analyzers and thermal analyzers.

Switchgear Market Definition

The switchgear market consists of sales of switchgear and related services by entities (organizations, sole traders and partnerships) that produce switchgear that are used in various applications such as in transmission and distribution utility, residential, commercial and industrial settings. Switchgear refers to a collection of switching devices including electrical disconnect switches, fuses or circuit breakers, which are used for controlling, protecting, and switching the electrical circuits and equipment. Under fault conditions, it detects the fault and interrupts the flow of electricity to the affected section, thereby isolating it from the healthy circuit

The high voltage switchgear market consists of sales of high voltage switchgear and related services. The high voltage switchgear are electrical equipment used in an electrical path to deal with voltage above 36kV and are designed to perform some operations such as control, regulate, and switch on/off as needed in electric circuit. The global high voltage switchgear market is expected to grow from $11.31 billion in 2020 to $11.85 billion in 2021 at a compound annual growth rate (CAGR) of 4.8%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $14.19 billion in 2025 at a CAGR of 5%. The high voltage switchgear maket covered in this report is segmented by insulation type into gas insulated, oil insulated, air insulated. The demand for electricity generation is projected to drive the high voltage switchgear market. Availability of electricity has become essential for the economic development and poverty allevation. Development of industrialization, urbanization requires continuous electricity supply, and reliability of the electrical supply depends heavily on the performance of the switchgear. Therefore, electricity demand is driving the demand of high voltage switchgears in the forecast period. For instance, according to IEA, a Paris-based autonomous intergovernmental organization, global electricity demand expected to grows at 2.1% per year to 2040, twice the rate of primary energy demand. Unstable prices of raw materials are restraining the high voltage switchgear market. Prices fluctuate due to availability of low quality materials at cheaper prices of high voltage switchgear. This arises the risk of breakdown of insulation layers or short circuit conditions and other failures. Thereby inconsistent pricing in raw materials of high voltage switchgear is expected to hinder the market growth. A survey was conducted by Manufacturers’ Outlook Survey, in 2019, within the switchgear manufacturing companies, across globe. According to the survey, 79.8% of respondents consider the cost of raw material as the top concern in manufacturing of switchgears. Electronic and Telecommunication companies are increasing the implementation of mobile substations. Installation of mobile substations enables to restore electricity under outdoor conditions or in unforeseen circumstances and are functionally designed to provide temporary power supplies as quickly as possible. In addition, these mobile substations incorporates generator, transformer, metal clad switchgear, outdoor load break switches and breakers, which is used for network extensions, and temporary switching stations. For instance, ABB Group, a Switzerland multinational corporation designed the mobile substation for the Italian railway network. Thereby, the use of mobile substations as per necessity energy generation is becoming latest trend in the market. In April 2019, Eaton Corporation, an Irish based power management company acquired 82.27% majority stake in Ulusoy Elektrik Imalat Taahhut ve Ticaret A.S. Acquisition of Ulusoy Elektrik Imalat Taahhut ve Ticaret A.S was aimed to strengthen Eaton Corporation in manufacturing of electrical equipment. Ulusoy Elektrik Imalat Taahhut ve Ticaret A.S, a Turkey-based company, is in the manufacturing of switchgear, distribution transformers, substation kiosks, and medium-voltage cable connection systems. The major players covered in the global high voltage switchgear market are ABB Ltd., General Electric, Company Crompton Greaves Limited, Fuji Electric, Hitachi, Hyosung Corporation, Mitsubishi Electric Corporation, Toshiba Electric Corporation, Siemens AG, Eaton Corporation, Schneider Electric SE, China XD Electric Group Co. ltd, Henan Pinggao Electric Co., Ltd., Hyundai Heavy Industry, Ltd, Nissin Electric, Shanghai Siyuan Electric Co., Ltd, BHEL, LSIS, Shenyang High-Voltage Switchgears Ltd, Energomash, New Northeast Electric Group High Voltage Switchgear Co., Ltd, Shandong Taikai High-volt Switchgear Co., Ltd, Larsen &Turbo, Hubbell, Powell Industries, Rittal, Meidensha Corporation, Iljin Electric, Ormazabal, Alstom SA, OJSC Power. The countries covered in the global high voltage switchgear market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, Australia. The regions covered in the global high voltage switchgear market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global high voltage switchgear market is segmented - 1) By Insulation type: Gas Insulated, Oil Insulated, Air Insulated 2) By Application: Transmission And Distribution Network, Manufacturing & Processing, Infrastructure & Transportation 3) By Product Standard: IEC Stardard, ANSI Standard 4) By Component: Circuit Breakers, Relays, Other

Microprocessor market consists of sales of microprocessors and related services to fetch, decode and execute operations and communicating with other devices connected to it. Microprocessors are controlling units of an integrated circuit that is capable of performing arithmetic and logic operations. A microprocessor consists of an ALU, register array, and a control unit. The global microprocessors market is expected to grow from $42.61 billion in 2020 to $45.32 billion in 2021 at a compound annual growth rate (CAGR) of 6.4%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $38.71 billion in 2025 at a CAGR of -4%. The microprocessors market covered in this report is segmented by type into arm-based mpus, x86-based mpus. The smartphones and tablets market is rapidly increasing which is driving the microprocessors market. Along with, rise in disposable income, a result of the economic growth, in developed and developing economies also had a positive impact on the demand for mobile phones and tablets. For instance, the disposable personal income in the USA increased from $14,974 in 2019 to $17,515.2 billion in October 2020. The rise in per capita net disposable income led customers to increase their spending on mobile phones and tablets. Emerging countries such as India and China were experiencing higher levels of growth than the developed. With growing middle-class population and falling mobile data prices, mobile subscription grew significantly in India and China. According to KPMG, a multinational professional services network, indicated that India’s smartphone base is estimated to reach 820 million by 2022. Additionally, all in one microprocessor brings smart phone major components together and increase its performance and efficiency, hence is driving the microprocessors market globally. The rise in costs associated with chips and microprocessors is expected to act as a major restraint on the microprocessor industry. Although the prices of chips and communications hardware components are declining, software costs meanwhile are increasing. Increased demand for sophisticated and diversified software is a major reason for this. Further, the wages of the labor involved in the software development and production are increasing considerably. These factors are expected to act as a restraint on the microprocessor market during the forecast period. A rapid increase in energy consumption of microprocessors in wireless networks has been recognized as a major threat for environmental protection and sustainable development. Due to access to the high-speed internet provided by the next generation wireless networks and increased smartphone usage, the requirement for global access to data has risen sharply, triggering a dramatic expansion of network infrastructures and escalating energy demand. To meet these challenges green evolution has become an urgent priority for wireless network service providers and microprocessor manufacturing companies. Companies nowadays are investing in research and development for innovative and efficient microprocessors. Emergence of energy efficient and high-performance processors is trending in the microprocessor market. For instance, in September 2 020, Intel launched 11th Gen Intel® Core™ processors with Intel® Iris® Xe graphics for thin laptops to create 2.7x faster content creation, more than 20% faster office productivity and more than 2x faster gaming plus streaming. In 2019, Intel corporation, an American IT and microprocessor company, acquired Israel based AI chip processor, Habana Labs Ltd for $2 billion. With this acquisition, Intel Corporation aimed to expand its artificial intelligence portfolio and strategies to strengthen its AI chip market. Habana Lab is an Israel based artificial intelligence processor startup company engaged in the development of AI inference processor providing efficient inference performance, reduces cost, and at real-time latency in highly competititve power. The major players covered in the global microprocessors market are Mediatek (Taiwan), Samsung (South Korea), Toshiba (Japan), Intel, Qualcomm, Samsung Semiconductor, Broadcom, Freescale Semiconductor, MediaTek, Nvidia, Freescale, AMD, Spreadtrum, TI, Apple, IBM, Atmel, TSMC, Leadcore, Amlogic, Nufront, Ingenic. The countries covered in the global microprocessors market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, Australia. The regions covered in the global microprocessors market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global microprocessors market is segmented - 1) By Type: ARM-Based MPUs, x86-Based MPUs 2) By Application: PCs, Servers, Mainframes, Tablet, Cellphone, Embedded MPUs 3) By End-User Industries: Communication, Consumer Electronics, Automotive, Manufacturing

Other electrical equipment, electronic products and component manufacturing market comprises establishments manufacturing electrical equipment and components (except electric lighting equipment, household-type appliances, transformers, switchgear, relays, motors, and generators). It includes manufacturing of carbon and graphite product, vaporizers, e-cigarettes, other electronic nicotine delivery systems (ENDS) and general electrical equipment and component.

Other Electrical Equipment, Electronic Products and Component Manufacturing Global Market Size

The global other electrical equipment, electronic products and component manufacturing market was valued at $360.8 billion in 2017. Asia Pacific was the largest geographic region accounting for $194.5 billion or 53.9% of the global market. China was the largest country accounting for $116.2 billion or 32.2% of the global other electrical equipment, electronic products and component manufacturing market.

Other Electrical Equipment, Electronic Products and Component Manufacturing Global Market Trend

Many electrical equipment, electronic products and component manufacturing companies are using robotics and automation to improve plant efficiency and productivity. Sensors are being used in various machines to access invaluable data for improving efficiencies and reduce potential breakdowns. For instance, according to a report by Boston Consulting Group (BCG) in 2016, 1.2 million industrial robots are expected to be deployed by 2025 , thus indicating a rise in automation and robotics technology adoption to improve productivity and reduce production costs.

Other electrical equipment, electronic products and component manufacturing market comprises establishments manufacturing electrical equipment and components (except electric lighting equipment, household-type appliances, transformers, switchgear, relays, motors, and generators). It includes manufacturing of carbon and graphite product, vaporizers, e-cigarettes, other electronic nicotine delivery systems (ENDS) and general electrical equipment and component.

Other Electrical Equipment, Electronic Products and Component Manufacturing Global Market Size

The global other electrical equipment, electronic products and component manufacturing market was valued at $360.8 billion in 2017. Asia Pacific was the largest geographic region accounting for $194.5 billion or 53.9% of the global market. China was the largest country accounting for $116.2 billion or 32.2% of the global other electrical equipment, electronic products and component manufacturing market.

Other Electrical Equipment, Electronic Products and Component Manufacturing Global Market Trend

Many electrical equipment, electronic products and component manufacturing companies are using robotics and automation to improve plant efficiency and productivity. Sensors are being used in various machines to access invaluable data for improving efficiencies and reduce potential breakdowns. For instance, according to a report by Boston Consulting Group (BCG) in 2016, 1.2 million industrial robots are expected to be deployed by 2025 , thus indicating a rise in automation and robotics technology adoption to improve productivity and reduce production costs.

The electrical and electronics market consists of sales of products that generate, distribute and use electrical power products by entities (organizations, sole traders and partnerships) that produce products that generate, distribute and use electrical power, or electronic products such as audio, video and semi-conductors. This market does not include computers, computer peripherals and telecommunications equipment. The electrical and electronics market is segmented into electrical equipment; measuring and control instruments and electronic products. The global electrical and electronics market is expected to grow from $2831.25 billion in 2020 to $3077.02 billion in 2021 at a compound annual growth rate (CAGR) of 8.7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $3935.6 billion in 2025 at a CAGR of 6%. Asia Pacific was the largest region in the global electrical and electronics market, accounting for 45% of the market in 2020. North America was the second largest region accounting for 22% of the global market. Africa was the smallest region in the global electrical and electronics market. The rapid pace of innovations in electronics technology is stimulating consistent demand for newer and faster electrical and electronics products. Technological development is a key for attracting both consumers and business users for either replacing or upgrading the older products with advanced versions. Digital technologies such as the internet of things (IoT) and latest communication technologies such as 5G are expected to aid in the development of innovative electronic products. This is expected to increase the demand for electronic products which will ultimately drive the growth of electronic equipment manufacturing market during the forecast period. The outbreak of the Coronavirus disease (COVID-19) has acted as a massive restraint on the electrical and electronics manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of lockdown and the outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the electrical and electronics manufacturing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Virtual reality technology is being adopted by electronic manufacturing companies to improve manufacturing efficiency. This technology in the electronic manufacturing industry is often referred as digital design, simulation and integration. Virtual reality minimizes the scope for product defects in design phase. For instance, virtual reality technology enables companies to inspect design objects at all conceivable scales, thereby eliminating defects in the product in the design stage. For instance, some of the major companies adopting virtual reality include Integrated Microelectronics, Inc., Flextronics International Ltd, Benchmark Electronics, Inc. and Kimball International. Major companies in the market include Samsung Electronics Co Ltd; Panasonic Corporation; Intel Corporation; Toshiba Corporation; Taiwan Semiconductor Mfg. Co. Ltd. The countries covered in the global electrical and electronics market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The regions covered in the global electrical and electronics market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global electrical and electronics market is segmented - 1) By Type: Electrical Equipment, Measuring and Control Instruments, Electronic Products 2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others 3) By Nature: Organic, Conventional Subsegments Covered: Electric Lighting Equipment, Household Appliances, Power Generation, Transmission And Control Equipment, Batteries, Wires And Cables, Other Electrical Equipment, Electronic Products And Components, Navigational, Measuring, Electro medical And Control Instruments, Audio And Video Equipment, Semiconductor And Other Electronic Component

Electronic Products Market Definition

The electronic products market consists of sales of electronic products by entities (organizations, sole traders and partnerships) that produce electronic products. These include semiconductors, audio and video equipment and other electronic components. Electronic products are electronic devices that stores, generates or transmits information in electronic form. These are components used for controlling the flow of electrical currents for information processing and system control. Electronic products include televisions, speaker systems, household-type video cameras, jukeboxes, and amplifiers for musical instruments are used for various applications such as entertainment and communication.