Microelectromechanical Systems Global Market Report 2023 – By Type (Sensors, Actuators), By Application (Consumer Electronics, Automotive, Industrial, Aerospace And Defense, Healthcare, Telecommunication, Other Applications) – Market Size, Trends, And Global Forecast 2023-2032

Architectural, Engineering Consultants And Related Services Market Definition

The architectural, engineering consultants, and related services market includes the services of an architect, engineer, land surveyor, hydrologist, geologist, appraiser, archeologist, assayer, landscape architect, or other related professional, whose services are required to provide planning, design, or construction management support in different sectors. The architecture, engineering consultants and other related services (A,EC & related services) market consists of the sales of A,EC & related services and related goods by entities (organizations, sole traders and partnerships) that provide support to the planning and designing of construction related businesses of all sizes across all industries. Business entities that are engaged in providing architectural, engineering consultants and other related services are generally referred to as architectural firms or engineering consultancy firms. Architectural, engineering consultants and related services undertake processes where human capital is the major input. They make available the knowledge and skills of their employees, often on an assignment basis, where an individual or team is responsible for the delivery of services to the client.

General Electronic Components Market Definition

The general electronic components market consists of sales of general electronic components by entities (organizations, sole traders and partnerships) that produce general electronic components that are used in a wide range of applications in areas such as aerospace, communication, automotive and other industries. Electronic components are simple discrete devices used in any electronic system by various end-use industries, such as automotive, communication and others. Such components are fundamental elements used in designing electrical and electronic circuits. There are at least two electrical terminals on these components that are used to connect to other electrical components, usually over wire, to form an electronic circuit. The classification of electronic components can be done based on the product type such as active, passive and electromechanical components.

Nanorobotics refers to the discipline of creating and using tiny robots or artificial intelligence (AI)-powered machines to perform tasks. The main goal of future nanorobotics is to infuse multiple robotic functions such as sensing, processing of information, and communication at a scale smaller than the size of a microprocessor or a single cell. The main types of nanorobotics include nano manipulator, electron microscope, transmission electron microscope, scanning probe microscope, bio-nanorobotics, magnetically-guided, and bacteria-based. The nano manipulator refers to a specialized nanorobot and microscopic viewing system for working with objects on a small scale. These systems consist of a large microscope probe that can enlarge an image up to 1 million times the size of the original object operated by self-driven and remote controlled. The nanorobotics is used in nanomedicine, biomedical, mechanical, and other applications. The global nanorobotics market is segmented - 1) By Type: Nanomanipulator, Electron Microscope, Transmission Electron Microscope, Scanning Probe Microscope, Bio-Nanorobotics, Magnetically Guided, Bacteria-Based 2) By Operation Mode: Self-driven, Remote Controlled 3) By Application: Nanomedicine, Biomedical, Mechanical, Other Applications The global nanorobotics market size grew from $5.87 billion in 2022 to $6.58 billion in 2023 at a compound annual growth rate (CAGR) of 12.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The nanorobotics market size is expected to grow to $9.85 billion in 2027 at a CAGR of 10.6%. The rising incidence of periodontal diseases is expected to propel the growth of the nanorobotics market. Periodontal diseases are the result of infections and inflammation of the gums and bones that will be surrounding and supporting the teeth. The growing interest in the dental applications of nanotechnology has led to the development of a new field called Nano dentistry. Dental nanorobots are being developed to destroy caries-causing or to repair tooth blemishes where decay sets in through computers to direct these tiny robots. For instance, according to the American Cancer Society, a US-based voluntary health organization, in 2022, about 54,000 new cases of the oral cavity or oropharyngeal cancer and about 11, 230 deaths from the oral cavity or oropharyngeal cancer registered in the United States. Therefore, the rising incidence of periodontal diseases is driving the growth of the nanorobotics market. Major players in the nanorobotics market are Ginkgo Bioworks, Imina Technologies, Thermo Fisher Scientific, Klocke Nanotechnik, Oxford Instruments, Kliendiek Nanotechnik, Bruker, JEOL, Toronto Nano Instrumentation, EV Group, Nanonics Imaging, Novascan Technologies, Agilent Technologies, Zymergen Inc., Smaract, and Angstrom Advanced. Technological advancement is a key trend gaining popularity in the nanorobotics market. Major companies operating in the nanorobotics market are focused on bringing innovative technological advancements in their nanorobotics solutions and strengthening their position in the market. For instance, In August 2020, JEOL Ltd., a Japan-based developer and manufacturer of electron microscopes and other scientific instruments and launched a new scanning electron microscope (SEM), the JSM-IT700HR, which is equipped with an in-lens Schotty field emission electron gun. This technologically advanced equipment is capable of carrying out observations and analyses of miniature materials in laboratories. In 2020, Nanovery, a UK-based company involved in the development of nanorobots for quick and easy detection of cancer and other diseases entered into strategic partnership with Newcastle University and the Center for Cancer for its research and development activities. Through this partnership, the company is focused on utilizing the human and technological resources of both parties for the development of cutting-edge technologies. North America was the largest region in the nanorobotics market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the nanorobotics market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the nanorobotics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The nanorobotics market includes revenues earned by entities such by providing servies such as arteriosclerosis, tissue engineering, dental surgery, pharmacokinetics monitoring of drug delivery. 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 nanorobotics market research report is one of a series of new reports from The Business Research Company that provides nanorobotics market statistics, including nanorobotics industry global market size, regional shares, competitors with a nanorobotics market share, detailed nanorobotics market segments, market trends and opportunities, and any further data you may need to thrive in the nanorobotics industry. This nanorobotics 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.

A mechanical ventilator is a machine that automatically performs all or part of the effort required to transport gas into and out of the lungs. It helps a person to breathe when they find it difficult to breathe on their own. The main types of mechanical ventilators include adult ventilators, pediatric ventilators, and neonatal/ infant ventilators. Adult ventilators offer invasive and non-invasive ventilation for adults. The different mechanical ventilator mobility types include intensive care ventilators, high-end ICU ventilators, mid-end ICU ventilators, basic ICU ventilators, and portable ventilators. The different modes of ventilation include invasive ventilation and non-invasive ventilation for end-users including hospitals and clinics, home care, ambulatory care centers, emergency medical service, and other end-users. The global mechanical ventilator market is segmented - 1) By Type: Adult Ventilators, Pediatric Ventilators, Neonatal/ Infant Ventilators 2) By Mobility: Intensive Care Ventilators, High-End ICU Ventilators, Mid-End ICU Ventilators, Basic ICU Ventilators, Portable Ventilators 3) By Mode Of Ventilation: Invasive Ventilation, Non-Invasive Ventilation 4) By End-User: Hospitals and Clinics, Home Care, Ambulatory Care Centers, Emergency Medical Service, Other End-Users The global mechanical ventilator market size grew from $6.9 billion in 2022 to $7.67 billion in 2023 at a compound annual growth rate (CAGR) of 11.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global mechanical ventilator is expected to grow to $12.37 billion in 2027 at a CAGR of 12.7%. Improving healthcare infrastructure is expected to propel the growth of the mechanical ventilator market. Healthcare infrastructure is referred to as a foundation for planning, evaluating, delivering, and implementing improvements in public health. The outbreak of the COVID-19 pandemic has increased the need for infrastructure readiness and the demand for improved healthcare facilities. Many hospitals are increasing their capacity of mechanical ventilators to tackle the urgent need without facing a shortage of medical devices for treatment in an emergency. For instance, in June 2021, the government of India planned an INR 50,000 crore ($6.8 billion) program to boost health infrastructure in the country. Therefore, the improving healthcare infrastructure is driving the growth of the mechanical ventilator market. Major players in the mechanical ventilator market are Acoma Medical Industry Co. Ltd., Air Liquide, Allied Healthcare Products Inc., Bio-Med Devices Inc., Dräger, GE Healthcare, Getinge, Hamilton Medical, Medtronic, ResMed, Airon Corporation, aXcent Medical GmbH, Bunnell Inc., Carl Reiner GmbH, Fisher & Paykel Healthcare Limited, Hill-Rom Holdings Inc., and Koninklijke Philips N.V. Product innovation is a key trend gaining popularity in the mechanical ventilator market. Companies are investing in the research and development of new products to automate the mechanical ventilators based on frequency, assist control, and time to minimize the ventilator work. For instance, in January 2022, OES Medical, a UK based-manufacturer of anesthesia equipment and accessories, launched Gemini-G100, an electrically driven piston ICU ventilator. The new Gemini-G100 is designed to assist intensive care teams worldwide, where the high-pressure oxygen gas supplies are problematic. It only requires electric power and doesn’t place any demand on the oxygen supply within the hospital. In March 2020, Masimo, a US-based medical technology company, entered into a definitive agreement to acquire TNI Medical, for an undisclosed amount. Through this acquisition, Masimo aims at capitalizing on TNI’s novel softFlow technology on its softFlow technology, which provides high flow, humidified, and warmed respiratory gases for patients having critical pulmonary conditions. TNI Medical AG is a Germany-based medical devices company. North America was the largest region in the mechanical ventilator market in 2022. The regions covered in the mechanical ventilator market research report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the mechanical ventilator market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The mechanical ventilator market consists of sales of negative pressure ventilators and positive pressure ventilators. 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 ventilator market research report is one of a series of new reports from The Business Research Company that provides mechanical ventilator market statistics, including mechanical ventilator industry global market size, regional shares, competitors with a mechanical ventilator market share, detailed mechanical ventilator market segments, market trends and opportunities, and any further data you may need to thrive in the mechanical ventilator industry. This mechanical ventilator 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.

The advanced energy storage systems refer to advanced devices that convert electrical energy from power systems and store it to supply electrical energy when needed later. The advanced energy storage systems enable to use and manage the electrical energy efficiently. The energy can be used to produce semiconductors, data storage devices, solar cells, and electricity. The main technology of advanced energy storage systems are pumped hydro storage, electrochemical storage, electromechanical storage, and thermal storage. Electrochemical energy storage encompasses all secondary batteries. Batteries use an electrochemical oxidation-reduction reverse reaction to convert the chemical energy contained in their active materials into electric energy. Batteries are currently manufactured in a variety of sizes for a wide range of applications. Advanced energy storage systems are applied in transportation, grid storage, and other applications. These are used by residential and non-residential. The global advanced energy storage systems market is segmented – 1) By Technology: Pumped Hydro Storage, Electrochemical Storage, Electromechanical Storage, Thermal Storage 2) By Application: Transportation, Grid Storage, Other Applications 3) By End-User: Residential, Non-Residential The global advanced energy storage systems market size grew from $16.56 billion in 2022 to $17.89 billion in 2023 at a compound annual growth rate (CAGR) of 8.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of advanced energy storage systems is expected to grow to $24.31 billion in 2027 at a CAGR of 8.0%. The increasing investments in renewable energy are expected to propel the growth of the advanced energy storage systems market. Renewable energy, also known as clean energy is in high demand as it is a non-polluting source of energy and is replenished by nature. The governments and private sectors globally are significantly investing in renewable energy as it is beneficial for minimizing pollution while conserving natural resources. This rise of investments in renewable energy will create a significant demand for advanced energy storage systems as these are essential to store and manage the energy generated as well as supply for use when needs arise. For instance, according to the estimates by the autonomous intergovernmental organization the International Energy Agency (IEA), the global power sector investment was expected to rise by 5% to more than $820 billion in 2021 over 2020. Renewables dominated new power generation investment, accounting for 70% of the $530 billion spent on all new power generation capacity in 2021. The remaining amount was invested in grids and storage. A dollar spent on wind and solar photovoltaic (PV) deployment currently generates four times the electricity of a dollar spent on the same technologies a decade ago, owing to rapid technological advancements and cost reductions. Therefore, the increasing investments in renewable energy will drive the growth of the advanced energy storage systems market. Major players in the advanced energy storage systems market are ABB, LG Chem, Samsung SDI, General Electric Company, Tesla, Toshiba, Panasonic, Siemens, Saft Groupe, EOS Energy Storage, AES Corporation, EDF Renewables, Schneider and Maxwell Technologies. Technology advancement is a key trend gaining popularity in the advanced energy storage systems market. Key players in the market are focusing on implementing technological advancements such as software integration in advanced energy storage systems. These advanced energy storage systems enable advanced features such as improved controls, monitoring, and forecasting abilities, resulting in efficient use of energy. Companies offering these systems can gain a competitive edge in the market. For instance, in June 2021, Honeywell, a US-based global advanced-technology company introduced its battery energy storage system (BESS) platform technology with integrated controls, monitoring, and forecasting capabilities. The new BESS Platform will target large commercial and industrial (C&Is) users, independent power producers (IPPs), and utilities. It provides customers with asset monitoring, distributed energy resource management, supervisory control, and analytics capabilities to forecast and optimize energy use, made possible with software integration. In May 2022, Bhago Mobility Solutions Private Limited, an Indian green energy company of Modern Automotive Limited, an Indian Next-Gen Technology Startup acquired a stake in Pastiche Energy Solutions (P) Ltd for an undisclosed amount. This stake acquisition will leverage the expertise of both the companies to make a footprint in advanced energy storage and green mobility by producing solid-state batteries, lithium batteries, and allied products for applications such as energy storage, electric mobility, defense, and others. Pastiche Energy Solutions (P) Ltd is an Indian manufacturer of batteries for advanced energy storage. Asia-Pacific was the largest region in the advanced energy storage system market in 2022. The regions covered in advanced energy storage systems market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the advanced energy storage systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The advanced energy storage system market consists of sales of mechanical storage systems, hydrogen energy storage systems, advanced chemistry batteries, flow batteries, and capacitors. 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 advanced energy storage systems market research report is one of a series of new reports from The Business Research Company that provides advanced energy storage systems market statistics, including advanced energy storage systems industry global market size, regional shares, competitors with a advanced energy storage systems market share, detailed advanced energy storage systems market segments, advanced energy storage systems market trends and opportunities, and any further data you may need to thrive in the advanced energy storage systems industry. This advanced energy storage systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the advanced energy storage systems industry.

Metal stamping refers to a manufacturing process that uses various metal forming processes and designs to shape flat metal sheets into different shapes. The metal is put into a press, where a stamping tool is used to create the desired shape. It combines multiple cutting and forming steps in one stamping step and performs multiple processes into a workpiece within a single stroke. The main types of metal stamping include mechanical press, hydraulic press, servo press, and others. The mechanical press refers to metal stamping services provided with a mechanical press, an automatic mechanical press is widely used to manufacture sheet metal and metal extrusion. The different materials used in metal stamping include steel, aluminum, copper, and other materials. The different process used in metal stamping includes blanking, embossing, bending, coining, deep drawing, flanging, and others. The end-users of metal stamping include automotive, industrial machinery, consumer electronics, aerospace & aviation, electricals and other electronics, telecommunication, medical industry, defense, and others The global metal stamping market is segmented - 1) By Press Type: Mechanical Press, Hydraulic Press, Servo Press, Other Press Types 2) By Process: Blanking, Embossing, Bending, Coining, Deep Drawing, Flanging, Other Processes 3) By Material: Steel, Aluminum, Copper, Other Materials 4) By Application: Automotive, Industrial Machinery, Consumer Electronics, Aerospace And Aviation, Electricals And Other Electronics, Telecommunications, Medical Industry, Defense, Other Applications The global metal stamping market size will grow from $198.45 billion in 2022 to $208.79 billion in 2023 at a compound annual growth rate (CAGR) of 5.2% . The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of metal stamping is expected to grow to $254.71 billion in 2027 at a CAGR of 5.1% . The growing demand for the automotive industry is expected to boost the growth of the metal stamping market. The automotive sector is one of the most important economic drivers, with a high level of involvement in global value chains. This sector's expansion has been fueled by significant government support, which has allowed it to create a distinct route among manufacturing industries. This expansion increases the production of related automotive components, metal stamping equipment, and tools used in automotive manufacturing. For instance, In February 2022, an Indian auto components analysis report published by India Brand Equity Foundation stated that the market for auto components in India increased by 25% from Rs. 31,116 crore (USD 4.1 billion) in 2020-21 to Rs. 38,895 crore (USD 5.3 billion) in the first half of 2021-22. Therefore, the increasing demand for automotive industry is expected to boost metal stamping market during the forecast period. Major players in the metal stamping market are Acro Metal Stamping, Manor Tool & Manufacturing Company, D&H Industries Inc., Kenmode Inc., Klesk Metal Stamping Co, Clow Stamping Company, Goshen Stamping Company, Tempco Manufacturing Company Inc., Interplex Holdings Pte Ltd., CAPARO, American Axle & Manufacturing Holdings Inc., Goshen Stamping LLC, Sertec Group Ltd., Gestamp, Aro Metal Stamping Company Inc., CIE Automotive SA, Harvey Vogel Manufacturing Co., Haitong Metals, and Dongguan Fortuna Metal Stamping Company . Technological advancements is a key trend in gaining popularity in the metal stamping market. Major companies operating in the metal stamping market are focused on providing technologically-advanced solutions to strengthen their market position. These companies are implementing next-generation metal stamping technologies into their product and related services, such as robotics, automation, optics, 3D vision system, precision detection, information network management, integration sensors, and others, to provide cutting-edge technology and efficiency in production times leading to cost-efficiency. For instance, In October 2020, a Switzerland-based automation company launched a robot-based press automation solution. This IRB 760PT is a comprehensive press tending system that offers 25% faster cycle times than existing robot-based press automation solutions. In April 2022, Melling Engine Parts, a US-based manufacturer of aftermarket oil pumps and related products company, acquired Casalandra Metal Stamping for an undisclosed amount. With this acquisition, Melling is committed to becoming the standard in new product lines and cherishes the fact that the parts are created in the United States. Casalandra Metal stamping is a US-based metal fabricator company. Asia-Pacific was the largest region in the metal stamping market in 2022, and it is also expected to be the fastest-growing region in the forecast period. The regions covered in the metal stamping market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the metal stamping market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The metal stamping market includes revenues earned by entities by converting flat metal sheets into specific shapes. 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 metal stamping market research report is one of a series of new reports from The Business Research Company that provides metal stamping market statistics, including metal stamping industry global market size, regional shares, competitors with a metal stamping market share, detailed metal stamping market segments, market trends and opportunities, and any further data you may need to thrive in the metal stamping industry. This metal stamping 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.

A level gauge is a tool for displaying the fluid level in fields. This tool is frequently used in industrial process applications to check the fluid levels in drums, tanks, pressure vessels, and other containers. The main types of the level gauge are tank level, fuel level, water level, and mechanical level. Tank level gauges are used to quickly tell how much water is in your storage tank at any given time. The different technologies involved are magnetic level gauge, reflex level gauge, transparent level gauge, and tabular level gauge that are used by oil and gas, chemicals, Petrochemicals, pharmaceutical, and other industries. The global level gauge market is segmented – 1) By Type: Tank Level, Fuel Level, Water Level, Mechanical Level 2) By Technology: Magnetic Level Gauge, Reflex Level Gauge, Transparent Level Gauge, Tabular Level Gauge 3) By Industry: Oil and Gas, Chemicals, Petro-Chemicals, Pharmaceutical, Other Industries The global level gauge market size will grow from $1.48 billion in 2022 to $1.66 billion in 2023 at a compound annual growth rate (CAGR) of 12.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of level gauge market is expected to grow to $2.6 billion in 2027 at a CAGR of 11.8%. The growth of the oil and gas industries is expected to propel the growth of this level gauge market going forward. Oil and natural gas are major industries in the energy market, in oil and gas production drilling, storage, and transportation systems of oil, natural gas, and associated slurry are separated, stored, and processed in various production equipment and tanks. The measurement and control of the level are essential to ensure normal production and equipment safety. Oil level is an important measure to correctly calculate oil storage, determine inventory, and calculate transportation, due to these benefits there was a growth in the oil and gas sector. For instance, according to British Petroleum, a UK-based oil and gas company, the global oil production increased by 1.4 million b/d in 2021, with OPEC+ accounting for more than three-quarters of the increase and global natural gas demand grew 5.3% in 2021. Therefore, the growth of the oil and gas industries is driving the demand for the level gauge market. Major players in the level gauge market are ABB meausrement & Analytics, Barksdale Inc., jbj Techniques Ltd., Jogler LLC, KOBOLD Instruments Inc., KROHNE Messtechnik GmbH, Krueger Sentry Gauge Co, Sensors ONE Ltd., Keller America, Yokogawa Electric Corporation, BinMAster Inc., Ayvaz, and Honeywell International Inc. Technological advancements have emerged as a key trend gaining popularity in the level gauge market. The development of automated level gauges integrated with sensors has risen the demand for level gauges. The market is witnessing radar-based gauges integrated with sensors enabling monitoring and real-time pricing. For instance, in February 2020, VEGA, a US-based manufacturer of sensors for measuring level, point level, and pressure launched VEGAPULS, a new instrument series for level measuring devices. The new instrument series is based on 80 GHz technology and an advanced microchip, representing a real alternative to ultrasonic technology in terms of measuring the volume of fluids. This makes it suitable even for more price-sensitive applications, such as those found in industry or auxiliary systems in process automation. In April 2022, Dwyer Instruments, a US-based instrument manufacturing firm acquired Omega Engineering for an undisclosed amount. With this acquisition, the combined business of both companies offers customers the broadest portfolio of highly configurable temperature measurement, pressure measurement, flow measurement, and level measurement solutions for critical environment and automation applications. OMEGA Engineering is a US-based instrumentation company that manufactures measuring instrumentation solutions including level indicators. North America was the largest region in the level gauge market in 2022. The regions covered in the level gauge market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the level gauge market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The level gauge market consists of sales of differential pressure transmitters, float and displacer level instruments, guided wave radar (GWR), capacitance transmitters, hybrid capacitance, nucleonic level transmitters. 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 level gauge market is segmented into reflex level gauge, transparent level gauge, magnetic level gauge. 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 level gauge market research report is one of a series of new reports from The Business Research Company that provides level gauge market statistics, including level gauge industry global market size, regional shares, competitors with level gauge market share, detailed level gauge market segments, market trends, and opportunities, and any further data you may need to thrive in the level gauge industry. This level gauge 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.

Mechanical power transmission equipment refers to the device used to transfer mechanical energy (physical motion) from one component to another machines. The main types of mechanical power transmission equipment are plain bearings, joints, clutches, couplings, pulleys, chains and sprockets, and other types. The plain bearings in the mechanical power transmission equipment market refer to the machinery that is used in agriculture that is used as a slide bearing. The various sales channels include OEM and aftermarket. These are used by automotive, aerospace and defense, the power industry, and other end users. The global mechanical power transmission equipment market is segmented - 1) By Type: Plain Bearings, Joints, Clutches, Couplings, Pulleys, Chains And Sprockets, Other Mechanical Power Transmission Equipment 2) By End-User Industry: Automotive, Aerospace & Defense, Power Industry, Other End-User Industries 3) By Sales Channel: OEM, Aftermarket The global mechanical power transmission equipment market size grew from $64.92 billion in 2022 to $70.24 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global mechanical power transmission equipment is expected to grow to $92.39 billion in 2027 at a CAGR of 7.1%. Government initiatives that followed the Paris Agreement on climate change are expected to increase the global demand for electric vehicles in the forecast period driving demand for mechanical power transmission equipment. For example, China plans to have at least 20% of the vehicle production be represented by electric and hybrid vehicles by 2025, Norway’s share of sales of electric vehicles among other types of vehicles is expected to increase to 100% by 2025 and California’s plan to sell “green” vehicles representing 35% of the total sales by 2025 was signed by 9 USA states. The expected increase in the production of green vehicles supported by governments’ initiatives will encourage a significant proportion of the population to invest in electric vehicles and replace their existing automobiles that are running on fossil fuels, thereby driving the growth of the mechanical power transmission equipment market in the forecast period, a major supplier of metal automobile components to the automobile manufacturers. Major companies in the mechanical power transmission equipment market include SKF Group, Schaeffler Technologies AG & Co KG, Mitsubishi Heavy Industries Ltd., The Timken Company, Eaton Corporation plc, Tsubakimoto Chain Co, Altra Industrial Motion Corp, Regal Beloit Corporation, Atkore International Group Inc., and Renold Plc. Many developed and developing economies are imposing restrictions on free trade, which are expected to hinder the growth of the mechanical power transmission equipment market in the forecast period. Post-Brexit, trade restrictions between the UK and other European countries are likely to increase, while the new trade agreement between the USA, Canada, and Mexico, USMCA, imposed by USA President Donald Trump, is expected to increase the prices of metal components imported from Mexico. The increase of tariffs on foreign steel especially According to PBS news, the additional section 232 tariffs that cover derivative products made of steel and aluminum are slated to take effect in days. In January 2020, the administration announced that further tariffs will be put in place starting to protect against imports of steel-using products like tacks, nails, and parts for cars and tractors, and according to the presidential proclamation, it states that the net effect of the increase in the imports of the goods of these derivatives has been to erode the customer base for the U.S. which has increased the production cost of the mechanical power transmission equipment. Therefore, a reduction in world free trade is expected to hinder the mechanical power transmission equipment market due to the expected increase in production costs and tariffs. Magnetic gears are being increasingly adopted in the mechanical power transmission equipment industry. Magnetic gears are physically contact-less, which makes them enable efficiencies up to 99% or more. The magnetic gears obviate the need for using any transmission oil. With the nature of a contact-less operation, the gears are highly reliable and require minimal maintenance. The technology also helps prevent damage in case of a torque overload by auto-slipping, i.e. when the overload torque is removed, the gears also re-engage automatically. The Asia-Pacific was the largest region in the mechanical power transmission equipment market in 2022. Western Europe was the second largest region of the global mechanical power transmission equipment market share. The regions covered in the global mechanical power transmission equipment market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the mechanical power transmission equipment include Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The mechanical power transmission equipment market consists of sales of shaft couplings, chain drives, gear drives, belt drives, and power screws. 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 power transmission equipment market research report is one of a series of new reports from The Business Research Company that provides mechanical power transmission equipment market statistics, including mechanical power transmission equipment industry global market size, regional shares, competitors with a mechanical power transmission equipment market share, detailed mechanical power transmission equipment market segments, market trends and opportunities, and any further data you may need to thrive in the mechanical power transmission equipment industry. This mechanical power transmission equipment 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.