Static And Rotating Equipment Global Market Report 2023 – Product Type (Oil and Gas Static Equipment, Oil and Gas Rotating Equipment), By Static Equipment (Valves, Boilers, Furnaces, Heat Exchangers), Rotating Equipment (Compressors, Turbines, Pumps), By Application (Upstream, Midstream, Downstream) – Market Size, Trends, And Global Forecast 2023-2032

The anti-static films are films that protect package components from internal static electricity generation. A single layer of non-amide polyethylene is used to create the anti-static film. These are non-corrosive films that are used to preserve static-sensitive items, such as electronic components and commodities. The film has good mechanical qualities and helps to minimize static charge in electronic components and sensitive electronic equipment. The main types of materials included in anti-static films are polyethylene (PE), polyethylene terephthalate (PET), polyvinyl chloride (PVC), others. The polyethylene (PE) antistatic film has excellent tape adherence quality while also being lightweight and durable. A three-layer co-extrusion blow molding machine is used to create the clear antistatic polyethylene film, which is made up of 65 to 85% polyethylene, 31 to 14% metallocene polyethylene, and 1 to 4% antistatic agent. The smoothness and transparency of the transparent antistatic polyethylene film revealed by the innovation are unaffected after a specified amount of antistatic compound is introduced. It is used in bags and pouches, liners, wraps, tapes, clamshells, others and is implemented in various verticals such as electronics, pharmaceutical and healthcare, automotive, others. The global anti static films market is segmented - 1) By Material Type: Polyethylene (PE), Polyethylene Terephthalate(PET), Polyvinyl Chloride (PVC), Other Material Types 2) By Application: Bags And Pouches, Liners, Wraps, Tapes, Clamshells, Other Applications 3) By Industry Vertical: Electronics, Pharmaceutical And Healthcare, Automotive, Other Industrial Verticals The global anti-static films market size grew from $0.57 billion in 2022 to $0.61 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. 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 anti-static films market size is expected to grow to $0.76 billion in 2027 at a CAGR of 5.7%. The increasing penetration of the e-commerce industry is expected to propel the growth of the anti-static films market in the forecast period. E-commerce refers to the purchase and sale of goods and services over an electronic network. Anti-static plastic films are available in a range of shapes and sizes, including bubble covers, films, and foams, and these films are commonly used by retailers to package electronics and non-electrical products. According to Finaria, a finance and investment company, the COVID-19 outbreak contributed to an increase in the number of global e-commerce users and resulted in 3.4 billion users in 2020, recording a growth of 9.5% compared to 2019. The total number of e-commerce users worldwide is predicted to reach 3.8 billion in 2021 and 4.9 billion in 2025. Moreover, as per the India Brand Equity Foundation (IBEF), the e-commerce industry in India is anticipated to reach $200 billion by the end of 2020. Therefore, the increasing penetration of e-commerce drives the growth of the anti-static films market. Major players in the anti-static films market are Achilles Corporation, Toyobo Co. Ltd., Kolon Industries Inc., Mitsubishi Polyester Film, Toray Plastics Inc., Wiman Corporation, Saint-Gobain, Klockner Pentaplast Group, Blueridge Films Inc., and Unitika Ltd. The growing technological advancement is an emerging trend in the anti-static films market. Major players in the anti-static films sector are focusing on developing technological advancements for anti-static films to provide high-performance anti-static and corrosion inhibiting films intended for disposal in a commercial composting environment. For instance, in December 2020, EcoCortec, a Europe-based company that produces bioplastics and anti-corrosion foils launched compostable electrostatic dissipating anti-corrosion film based on Nano Vapor phase Corrosion Inhibitors (VpCI) technology. They are designed for use in the shielding of multi-metal products that are static sensitive, such as electronics. The film includes permanent anti-static properties that minimize or remove static buildup as long as the films or bags are in use, regardless of humidity levels. In October 2022, SDI Group plc, a UK-based manufacturer and developer of scientific and technology products, acquired Fraser Anti-Static Techniques Limited for $13.25 million. The acquisition is expected to be a growth strategy of SDI Group and Fraser would be a part of SDI’s sensors and controls division. Fraser Anti-Static Techniques Limited is a UK-based anti-static equipment manufacturer. North America was the largest region in the anti-static films market in 2022. Asia-Pacific is expected to be the fastest region in the forecast period. The regions covered in the anti-static films market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the anti-static films market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The anti-static films market consists of sales of static dissipative films, conductive films and antistatic films. 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 anti-static films market research report is one of a series of new reports from The Business Research Company that provides anti-static films market statistics, including anti-static films industry global market size, regional shares, competitors with an anti-static films market share, detailed anti-static films market segments, market trends and opportunities, and any further data you may need to thrive in the anti-static films industry. This anti-static films 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.

Isostatic pressing refers to a powder metallurgy (PM) procedure that evenly presses a powder compact in all directions to provide the greatest possible uniformity of density and microstructure without the geometrical restrictions of uniaxial pressing. The main types in isostatic pressing are HIP and CIP. Hot isostatic pressing is a process of compressing materials under high temperatures and pressure. Hot isostatic pressing improves the mechanical properties of castings by eliminating internal microporosity. They are offered as systems and services that include the process types such as wet bag pressing and dry bag pressing. The capacities involved are small-sized hip, medium-sized hip, and large-sized hip. These are used in various end-user industries such as manufacturing, automotive, electronics and semiconductor, medical, aerospace and defense, energy and power, research and development, and others. The global isostatic pressing market is segmented – 1) By Type: Hot Isostatic Pressing (HIP), Cold Isostatic Pressing (CIP) 2) By Offering: Systems, Services 3) By Process Type: Wet Bag Pressing, Dry Bag Pressing 4) By Capacity: Small Sized Hip, Medium Sized Hip, Large Sized Hip 5) By End-User Industry: Manufacturing, Automotive, Electronics And Semiconductor, Medical, Aerospace And Defense, Energy And Power, Research And Development, Other End-Users" The global isostatic pressing market size grew from $6.93 billion in 2022 to $7.55 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. 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, causing inflation across goods and services and affecting many markets across the globe. The market size of isostatic pressing is expected to grow to $10.7 billion in 2027 at a CAGR of 9.1%. The rapidly growing aerospace and defense industry is significantly contributing to the growth of the isostatic pressing market. The aerospace and defense industry is involved in designing, manufacturing, and developing advanced space systems, aircraft, and defense capabilities. Isostatic pressing is used in the aerospace industry for manufacturing aerospace castings, jet aircraft engine components, and turbine blades. In the defense industry, it is used in the production of bulletproof materials, gun parts, and others. The growing aerospace and defense sector will propel the growth of isostatic pressing. For instance, according to India Brand Equity Foundation, an Indian Government export promotion agency, the aerospace, and defense sector will reach $70 billion by 2030 due to demand for advanced infrastructure. Therefore, the rapidly growing aerospace and defense industry will promote the growth of the isostatic pressing market. Major players in the isostatic pressing market are Kobe Steel Ltd., Nikkiso Co. Ltd., American Isostatic Presses Inc., EPSI, Pressure Technologies, Fluitron Inc., Sandvik AB, DORST Technologies GmbH & Co. KG, Aegis Technology, Bodycote, Quintus Technologies, and Avure Technologies. Increase in investment in HIP technology is a key trend gaining popularity in the isostatic pressing market. Many companies are investing in the companies operating in the isostatic pressing market to strengthen their position. For instance, in January 2020, HT-MX, a Mexico-based industrial company specialises in heat treatment and metallurgical laboratory services for the aerospace and automotive markets, invested in Quintus’ QIH 48 M URC press as part of its entry into the hot isostatic pressing market. In April 2020, Bodycote, a UK-based heat treatments and specialist thermal processing services provide acquired Ellison Surface Technologies for an undisclosed amount. Through this acquisition, Bodycote is planning to become largest provider of thermal spray and engineered coating surface technology services in the world. Ellison Surface Technologies is a US-based company operating in the isostatic pressing market. North America was the largest region in the isostatic pressing market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the isostatic pressing market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the isostatic pressing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK,and USA. The isostatic pressing market includes revenues earned by entities by providing casting densification services, hot isostatic pressing, uniaxial presses. 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 isostatic pressing market research report is one of a series of new reports from The Business Research Company that provides isostatic pressing market statistics, including isostatic pressing industry, regional shares, competitors with a isostatic pressing market share, detailed isostatic pressing market segments, market trends and opportunities, and any further data you may need to thrive in the isostatic pressing industry. This isostatic pressing 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.

Audio equipment is a device that is used for recording, reproducing, and processing sound. Audio equipment's primary function is to reproduce, record, or process sound. The main types of audio equipment are loudspeakers, microphones, amplifiers, turntables, and others. An amplifier is a type of electronic device that boosts a signal's voltage, current, or power. The audio equipment prices range from low to medium to high and are available in various technologies such as wired and wireless. The end users involved are 2B and B2C. The global audio equipment market is segmented – 1) By Type: Loudspeakers, Microphones, Amplifiers, Turntables, Other Types 2) By End User: B2B, B2C 3) By Technology: Wired, Wireless 4) By Price Range: Low, Medium: High The global audio equipment market size will grow from $33.13 billion in 2022 to $34.05 billion in 2023 at a compound annual growth rate (CAGR) of 2.8%. 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 the global audio equipment is expected to grow to $37.9 billion in 2027 at a CAGR of 2.7%. The audio equipment market is expected to be driven by growing demand for wireless audio devices. The demand for wireless audio devices is growing rapidly due to changing consumers’ behaviour in media consumption and the increasing popularity of mobile devices. Consumers are increasingly using their mobile devices, laptops, and tablets to play audio on speakers wirelessly, which is driving the growth of Wi-Fi and Bluetooth-connected speakers. Companies such as Samsung, Sony, LG, and Bose are launching wireless audio products. Major players in the audio equipment market are Sennheiser, Yamaha, Audio-Technica, Shure, AKG, Blue, Lewitt Audio, Sony, Takstar, and MIPRO. Regulations by the government have always been challenging to the audio equipment market as loudspeaker usage is one of the main reasons for noise pollution. Noise pollution deteriorates both physiological and psychological health which may lead to health complications such as hypertension, anxiety, and increased stress levels and can even lead to coronary artery disease. In India, the Supreme Court passed a regulation that restricts the use of public address systems at night (between 10:00 pm and 6:00 am) and during cultural or festive occasions to not more than 15 days a year. These regulations are expected to negatively impact the growth of the market. The demand for wireless audio equipment market is increasing rapidly due to the increasing popularity of mobile devices and changing media consumption behaviour of consumers. Consumers are increasingly using mobile devices, tablets, and laptops to wirelessly play audio on speakers. Such consumer behaviour is driving the growth of Wi-Fi and Bluetooth-connected speakers. To capitalize on the growing popularity of wireless audio equipment, manufacturers such as Samsung, LG, Sony, Bose, Denon, DTS, and Qualcomm are also launching wireless audio products or platforms. Popular Wi-Fi audio equipment includes Sonos Wi-Fi speakers, Bose’s SoundTouch system, and Amazon’s Echo speakers. In March 2022, Focusrite, a US-based software company, acquired Linea Research Holdings for a deal amount of $12.67 million. Through this acquisition, Focusrite expands its portfolio in audio equipment. Linea Research Holdings is a UK-based manufacturer of audio equipment. Asia-Pacific was the largest region in the audio equipment market in 2022. North America was the second-largest region in the global audio equipment market share. The regions covered in the market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the audio equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The audio equipment market consists of sales of outdoor speakers, subwoofers, in-wall speakers, multimedia speakers, table-top sound bars, wall-mounted sound bars, wired microphones, wireless microphones, ultrasonic amplifiers, buffer amplifiers, transistor amplifiers, professional mixers, non-professional mixers, tape players and recorders, jukeboxes, car stereos, clock radios, and other audio equipment. 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 audio equipment market research report is one of a series of new reports from The Business Research Company that provides audio equipment market statistics, including audio equipment industry global market size, regional shares, competitors with an audio equipment market share, detailed audio equipment market segments, market trends and opportunities, and any further data you may need to thrive in the audio equipment industry. This audio 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.

Video equipment is defined as an electronic device that can broadcast or receive electromagnetic waves to represent both sound and image. The main product types of video equipment are television, video cameras, and video players. Television is a system for transmitting images and sound via electrical signals over long distances so that people can receive them at home. The products are used for offline and online applications that are used by B2B and B2C end-use industries. The global video equipment market is segmented - 1) By Product Type: Television, Video Cameras, Video Players 2) By End Use Industry: B2B, B2C 3) By Application: Online, Offline The global video equipment market size will grow from $119.66 billion in 2022 to $123.08 billion in 2023 at a compound annual growth rate (CAGR) of 2.9%. 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 the global video equipment is expected to grow to $137.27 billion in 2027 at a CAGR of 2.8%. The rise in disposable incomes was a major driver for the video equipment market. The rise in disposable incomes was mainly driven by economic growth and middle-class population growth in developing countries such as China, India, and Brazil. According to the World Bank, the per capita net disposable income of lower-middle-income countries was between $1,036 and $4,045 and the per capita net disposable income of upper-middle-income countries was in between $4,046 and $12,535 in 2021. Increased earnings greatly increased disposable incomes in the emerging markets, increasing the demand for consumer electronics products such as televisions and home theatre systems. Major players in the video equipment market are Bose Corporation, LG Electronics Inc., Panasonic Corporation, Sony Corporation, Samsung Electronics, Bowers & Wilkins, Atlantic Technology, Definitive Technology, GoldenEar Technology, and Pioneer. The changes in consumer lifestyles and preferences had a significant impact on the video equipment market. With increasing smartphone and internet penetration and advances in social media and digital technologies, consumers shifted from traditional television to new forms of entertainment such as online video streaming services on mobile phones. Television viewership continued to decline, especially among the millennials. As a whole, 18-34-year-olds spent viewing traditional TV (live and time-shifted) in Q1 2020 fell by around 15.3% from 2019. Changes in consumer preferences restricted the demand for video equipment market. The demand for Ultra HD televisions is increasing rapidly, as they are energy efficient and offer high-quality images. Ultra HD televisions include 4K and 8K UHDs that have an aspect ratio of 16:9 or wider, and also present a minimum resolution of 3840x2160 pixels. The transition from traditional CRT and LCD TVs to ultra-HD TVs has been fast owing to the brisk pace of technological advances. For instance, in June 2020, according to TVB-Europe, an England-based online television service, over half of 18-24-year-old say they spend more time watching video-sharing platforms than broadcast TV. In many developed countries such as US and the UK,,34% of global households had smart TVs by the end of 2020 and sales increased by 7.4% in 2020 and expected to reach majority by 2026. Thus, indicating high demand for ultra-HD 4k and 8k televisions. In February 2021, Solutionz, a US-based audio-visual integrator, acquired Total Video Equipment for an undisclosed amount. Through this acquisition, Solutionz expanded its ability to design, build, and manage audio-visual integration deployments throughout the Tri-State area. Total Video Products is a US-based manufacturer of video equipment. Asia-Pacific was the largest region in the video equipment market in 2022. North America was the second-largest region in the global video equipment market share. The regions covered in the global video equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the video equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The video equipment market consists of sales of smart TV, liquid crystal displays (LCD), light-emitting diodes (LED), cathode ray tubes (CRT), video cameras, DVD/Blu-ray players, video cassette recorders, and other video equipment. 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 video equipment market research report is one of a series of new reports from The Business Research Company that provides video equipment market statistics, including video equipment industry global market size, regional shares, competitors with a video equipment market share, detailed video equipment market segments, market trends and opportunities, and any further data you may need to thrive in the video equipment industry. This video 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.

Electrical equipment produces products that generate, distribute and use electrical power. Electrical equipment's primary function is to accomplish work by converting electrical energy and controlling electrical energy, including protecting systems, property, and people. The main types of electrical equipment are electric lighting equipment, household appliances, power generation, transmission, and control equipment, batteries and wires, and cables. Home appliances are electrical machines that aid in household functions such as cooking, cleaning, and food storage. The equipment is operated through online and offline modes. The various sales channels include OEM and aftermarket that are used by B2B and B2C end users. The global electrical equipment market is segmented – 1) By Type: Electric Lighting Equipment, Household Appliances, Power Generation, Transmission And Control Equipment, Batteries, Wires And Cables 2) By End-Use: B2B, B2C 3) By Sales Channel: OEM, Aftermarket 4) By Mode: Online, Offline Subsegments Covered: General Lighting, Automotive Lighting, Back Lighting, Small Electrical Appliance, Household Cooking Appliance, Household Refrigerator And Home Freezer, Household Laundry Equipment, Other Major Household Appliance, Transformer, Electric Motor And Generator, Switchgear And Switchboard Apparatus, Relay And Industrial Controls, Secondary Batteries, Primary Batteries, Other Cables, Coaxial Cables, Fiber Optical Cable The global electrical equipment market size grew from $1503.21 billion in 2022 to $1630.86 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. 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 electrical equipment is expected to grow to $2190.31 billion in 2027 at a CAGR of 7.7%. The rapid pace of innovations in electronics technology is stimulating consistent demand for newer and faster electronic equipment. Technological development is a key to 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 the 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 the electronic equipment manufacturing market during the forecast period. Major companies in the electrical equipment market include Samsung Electronics Co. Ltd., Haier Smart Home Co. Ltd., Siemens AG, LG Electronics, Sumitomo Electric Industries Ltd., Panasonic Corporation, Schneider Electric SE, Qingdao Haier Co. Ltd., Daikin Industries Ltd., and Whirlpool Corp. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the electrical equipment 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 'lock down' and the outbreak hurt businesses throughout 2020 and into 2021. However, it is expected that the electrical equipment industry 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. The increasing use of portable electronic devices such as smartphones and tablets has led to the development of USB receptacles. USB receptacles offer convenient access to charge any kind of electronic device. The use of USB receptacles also eliminates the need to carry charging adapters. For example, EATON manufactures USB receptacles that have tamper-resistant shutters and LED indicator lights and can be used to charge electronic devices such as tablets, mobile phones, cameras, and MP3 players. For instance, some of the major companies manufacturing USB receptacles include Eaton, GE, and Philips. Asia-Pacific was the largest region in the electrical equipment market in 2022. Western Europe was the second largest region in the electrical equipment market share. Africa was the smallest region in the global electrical equipment market analysis report. The regions covered in the electrical equipment industry overview report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the global electrical equipment market report are 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 electrical equipment and component market consists of sales of power converters (i.e., AC to DC and DC to AC), power supplies, surge suppressors, and other general electrical equipment. 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 electrical equipment market research report is one of a series of new reports from The Business Research Company that provides electrical equipment market statistics, including electrical equipment industry global market size, regional shares, competitors with an electrical equipment market share, detailed electrical equipment market segments, market trends and opportunities, and any further data you may need to thrive in the electrical equipment industry. This electrical 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.

The sea-based defense equipment refers to support and auxiliary equipment used in sea-based defense operations such as submarines. The sea-based defense equipment are the integrated naval component that provide critical regional and homeland defensive capability. The main types of sea-based defense equipment are battle force ships and submarines (including nuclear submarines). Battle force ships are authorized United States Ship (USS) warships capable of participating in combat operations, or a United States Naval Ship that directly supports Navy warfighting or assistance tasks and must be listed in the Naval Vessel Register. The different operations include autonomous sea-based defense equipment, manual and involve various applications such as search and rescue, combat operations, mcm operations, coastal surveillance, and others. The global sea based defense equipment market is segmented - 1) By Type: Battle Force Ships, Submarines (including Nuclear Submarines) 2) By Operation: Autonomous Sea based Defense Equipment, Manual 3) By Application: Search And Rescue, Combat Operations, Mcm Operations, Coastal Surveillance, Others Subsegments Covered: Aircraft Carriers, Frigates, Destroyers, Corvettes, Torpedo Boats, Support crafts, SSN Submarine, SSBN Submarine, SSK Submarine The global sea based defense equipment market size will grow from $53.29 billion in 2022 to $57.24 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. 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 sea based defense equipment is expected to grow to $71.22 billion in 2027 at a CAGR of 5.6%. The overall economic growth of the emerging economies is expected to positively impact the sea-based defense equipment manufacturing market. Rising disposable income, a result of economic growth in emerging markets, had a positive impact on the demand for defense equipment. The International Monetary Fund (IMF) predicts that global GDP growth will be 3.4% in 2021. Developed economies are also expected to register stable growth during the forecast period. Stable economic growth is expected to increase investments in the nation's security, thereby driving the sea-based defense equipment manufacturing market during the forecast period. Major companies in the sea-based defense equipment market include General Dynamics, Huntington ingalls industries, Naval Group (Formerly DCNS), Bae Systems plc, Fincantieri SpA, Northrop Grumman Corp, Leonardo SpA, Raytheon Co, Lockheed Martin Corporation, and Mitsubishi Heavy Industries Ltd. Geopolitical tensions are expected to have a negative impact on the sea-based defense equipment market during the forecast period. Repercussions of geopolitical tensions include sanctions on Russia; trade protectionism; and heightened military tensions in the Middle East. The sanctions on Russia were related to the violation of the Chemical and Biological Weapons Control and Warfare Elimination Act of 1991. For instance, the US imposed a number of sanctions on Russia, including sales of defense articles and services, government credit, or other financial assistance. Many countries place trade restrictions, especially on imports, to boost local production. For instance, Brexit is likely to lead to more trade restrictions between the UK and other countries in Europe. The US is also implementing several trade restrictions, especially with China, to boost its local production. Continued violence and terrorism in the Middle East and other parts of the world are also expected to have a negative impact on the market. Companies involved in sea-based defense equipment manufacturing are developing artificial intelligence and robotics-based equipment. Sea-based defense equipment such as submarines and warships implementing these technologies is well equipped to initiate an attack with less human intervention and to detect and determine threats. Following the trend, in July 2021, Rafael Advanced Defense Systems Ltd., an Israel-based defense technology company, unveiled its new Sea Breaker maritime and land-based long-range missile, a fifth-generation weapon system that combines artificial intelligence and decision-making algorithms. Up to 300 km away, Sea Breaker can deliver surgical, pinpoint precision strikes. It has an advanced imaging infrared seeker that is perfect for engaging stationary or moving land and maritime targets in advanced anti access/area denial (A2/AD) arenas. Asia-Pacific was the largest region in the sea-based defense equipment market in 2022. Western Europe is expected to be the fastest growing region in the forecast period. The regions covered in the sea-based defense equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa. The countries covered in the sea-based defense equipment market report are 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, Vietnam. The sea-based defense equipment market consists of sales of sea-based defense equipment including naval vessels, crafts, radar, satellites, and sonars. 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 sea-based defense equipment market research report is one of a series of new reports from The Business Research Company that provides sea-based defense equipment market statistics, including sea-based defense equipment industry global market size, regional shares, competitors with a sea-based defense equipment market share, detailed sea-based defense equipment market segments, market trends and opportunities, and any further data you may need to thrive in the sea-based defense equipment industry. This sea-based defense 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.

The air-based defense equipment refers to support and auxiliary equipment used in air-based defense operations such as aircraft, and radars. The main components of air-based defense equipment or systems include mobile pieces in air and composite installations on ground. The main types of air-based defense equipment are fighter aircraft, military helicopters, military gliders, and drones. A fighter aircraft is a fixed-wing aircraft designed for air-to-air combat against other aircraft. The various forms of ownership include private and public. The different components include weapon systems, fire control systems, command and control systems, and others. The global air based defense equipment market is segmented - 1) By Type: Fighter Aircrafts, Military Helicopters, Military Gliders and Drones 2) By Operation: Autonomous Air based Defense Equipment, Manual 3) By Component: Weapon System, Fire Control System, Command and Control System, Others Subsegments Covered: Conventional Take-off and Landing Aircraft, Short Take-off and Landing Aircraft, Vertical Take-off and Landing Aircraft, Light Helicopters, Medium Helicopters, Heavy Helicopters, Visual Line Of Sight (VLOS), Extended Visual Line Of Sight (EVLOS), Beyond Visual Line Of Sight (BVLOS) The global air based defense equipment market size will grow from $201.76 billion in 2022 to $219.56 billion in 2023 at a compound annual growth rate (CAGR) of 8.8%. 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 air based defense equipment market is expected to grow to $279.66 billion in 2027 at a CAGR of 6.2%. Rapid advances in wireless technology and miniaturization (which refers to designing smaller components for equipment) are expected to drive innovation in the air-based defense market, thus driving the market during the forecast period. Furthermore, technologies such as 3D printing, artificial intelligence, and big data analytics are being used during the manufacturing process, resulting in higher productivity, lower operating costs, and higher margins. Lower operating costs lead to higher margins. This allows companies to expand production and increase product portfolios, thus driving the growth of the air-based defense equipment market in the historic period. Major companies in the air-based defense equipment market include Lockheed Martin Corporation; Airbus Group SE; The Boeing Company; Leonardo SpA; Bae Systems plc; Raytheon Technologies Corporation; Honeywell International Inc.; Northrop Grumman Corp; Rostec State Corporation; Textron Inc. Uncertainty about government stability and policies affects the import of raw materials required for manufacturing aircraft parts, creating a negative impact on the air-based defense equipment market. Uncertainties about government policies brought about by the cancellation of trade agreements cause companies to decrease their import volumes to keep expenditures at the levels of previous years or to increase prices of finished products due to increased costs. For instance, the withdrawal of the USA from the Trans-Pacific Partnership (TPP) trade deal and the $250 billion in tariffs on imported products from China by the US government to protect the US steel industry have pushed up the cost of all defense as well as commercial aircraft parts. Consequently, this is hindering the growth of the air-based defense equipment market. Companies in the air-based defense equipment manufacturing market are using 3D printing technology to develop lightweight structures as well as non-structural military aircraft parts. 3D printing technology can be used to build three-dimensional objects using digital models by laying down successive layers of material. 3D printing is used in air-based equipment manufacturing to create military aircraft parts with complex geometries quickly and at a low cost. The technology creates three-dimensional models of aircraft parts using metals, plastics, polymers, ceramics, and other derivatives. For instance, in March 2021, Saab AB, a Sweden-based aerospace and defense company announced the successful completion of the trial that was the first time an external, as opposed to internal, 3D-printed part has been flown on a Gripen aircraft. A replacement hatch for the Gripen was 3D-printed using additive manufacturing and a nylon polymer known as PA2200. With the help of this research, fighter aircraft that have been damaged while being used in remote operations could be repaired quickly and gain a crucial time-saving advantage. Asia-Pacific was the largest region in the air-based defense equipment market in 2022. Western Europe is expected to be the fastest growing region in the forecast period. The regions covered in the air-based defense equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the air-based defense equipment market report are 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 air-based defense equipment market consists of sales of air-based defense equipment including radar, satellites, sonars, and aircraft. 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 air-based defense equipment market research report is one of a series of new reports from The Business Research Company that provides air-based defense equipment market statistics, including air-based defense equipment industry global market size, regional shares, competitors with an air-based defense equipment market share, detailed air-based defense equipment market segments, market trends and opportunities, and any further data you may need to thrive in the air-based defense equipment industry. This air-based defense equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

The land-based defense equipment refers to support and auxiliary equipment used for land-based defense operations such as weapons. The land-based defense equipment includes components and subcomponents such as turrets and ROWS, cannons and missiles, armor packages, and active protection systems. The main types of land-based defense equipment are armored vehicles, missiles, tanks, small arms, and light weapons. An armored fighting vehicle (AFV) is an armored battle vehicle that combines operational flexibility with attacking and protective capabilities. The different operations include autonomous land-based defense equipment, which is manual and is used in various applications such as military and law enforcement. The global land based defense equipment market is segmented - 1) By Type: Armored Vehicles, Missiles, Tanks, Small Arms and Light Weapons 2) By Operation: Autonomous Land based Defense Equipment, Manual 3) By Application: Military, Law Enforcement Subsegments Covered: Combat Vehicles, Combat Support Vehicles, Unmanned Armored Ground Vehicles, Short Range, Medium Range, Intermediate Range, Intercontinental, Light, Medium, Heavy, Small Arms, Light Weapons The global land based defense equipment mro services market size will grow from $13.79 billion in 2022 to $14.73 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. 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 land based defense equipment mro services is expected to grow to $17.65 billion in 2027 at a CAGR of 4.6%. The overall economic growth of the emerging economies is expected to positively impact the sea-based defense equipment manufacturing market. Rising disposable income, a result of economic growth in emerging markets, had a positive impact on the demand for defense equipment. The International Monetary Fund (IMF) predicts that global GDP growth will be 3.4% in 2021. Developed economies are also expected to register stable growth during the forecast period. Stable economic growth is expected to increase investments in the nation's security, thereby driving the sea-based defense equipment manufacturing market during the forecast period. Major companies in the land-based defense equipment market include BAE Systems, Raytheon Co, Northrop Grumman Corp, General Dynamics Corp, and Lockheed Martin Corporation. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the land-based defense equipment manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and manufacturing was affected due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Defense equipment manufacturers depend on the supply of raw materials and parts from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to a lack of parts and raw materials. The outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the land-based defense equipment manufacturing market will recover from the shock over 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. CornerShot rifles are increasingly being used in the defense industry. CornerShot weapons have a steel hinge that allows the gun’s frame to bend around the corner to attack the target without exposing themselves. These rifles help shooters navigate around corners via a high-resolution camera and LCD monitor. The corner-shot rifles are widely used inside armored vehicles and tanks, on a turret up top, which will allow for a full 360-degree field of cover while the triggerman remains safely inside the vehicle. The weapon is accurate and effective up to 100 to 200 meters, depending on the type of weapon. Corner Shot removes the need for this initial exposure. Asia-Pacific was the largest region in the land-based defense equipment market in 2022. Western Europeis expected to be the fastest growing region in the forecast period. The regions covered in the land-based defense equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the land-based defense equipment market report are 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, Vietnam. The land-based defense equipment market consists of sales of land-based defense equipment including battle vehicles, small weapons, radars, satellites, and sonars. 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 land-based defense equipment market research report is one of a series of new reports from The Business Research Company that provides land-based defense equipment market statistics, including land-based defense equipment industry global market size, regional shares, competitors with a land-based defense equipment market share, detailed land-based defense equipment market segments, market trends and opportunities, and any further data you may need to thrive in the land-based defense equipment industry. This land-based defense equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.