9 days ago

According to the latest report published by Credence Research, Inc. “Traction Equipment Market – Growth, Future Prospects and Competitive Analysis, 2017-2025,” the global traction equipment market was valued at US$ 246.1 Bn in 2016, and is expected to reach US$ 316.3 Bn by 2025, expanding at a CAGR of 2.8% from 2017 to 2025.

Browse the full report Traction Equipment Market – Growth, Future Prospects and Competitive Analysis, 2017–2025 report at http://www.credenceresearch.com/report/traction-equipment-market

Market Insights

The global traction equipment market is majorly driven by technological evolution and shift in transport technologies and preferences. As international and intercontinental trades are proliferating worldwide, the demand for more rapid and adaptable transit systems are in growing demand. Furthermore, growing need for electrification of railway lines and upgrade of older locomotive versions to more efficient and cost-effective solutions additionally drive the market in emerging economies. Growing demand for mass transportation is further attributed to growing government funding across both developed and developing economies.

Based on the type of systems, multi traction systems are the most widely used traction equipment worldwide. The demand for multi systems is the highest in Europe and Asia Pacific, where there is a wide existence of varied voltage systems and the need for cost-efficient and effective transition systems is high in these regions. Due to regional variation in railway electrification systems, trains often have to pass through one system to other during transit. Change of locomotives at switching stations is the most common way of attaining this. However, such switching stations have highly sophisticated components that are expensive for both installation and maintenance. Government funding in area of upgrading their existing transport network is high in Asia Pacific, Latin America and Middle East and Africa. Transition motors are versatile and are used in both electric and diesel locomotives. The demand for customized forms of transition motors is observed to be the highest, as the requirement of nature of motors often vary by region.

Traction Equipment Market

Overall competition in the global transition equipment market is intense. There is a multitude of market players operating in the market that offer customized solutions to customers. Furthermore, regional prevalence of certain market players is also quite common in this industry. Despite the fragmented scenario, ABB Ltd. is observed to be the largest player in the transition equipment market, majorly attributed to its global reach. Other major players in this market include Siemens AG, Mitsubishi Electric Corporation, General Electric Company, Crompton Greaves Limited, Alstom SA, VEM Group, Bombardier Inc., TTM Rail, Toshiba International Corporation, American Traction Systems, Kawasaki Heavy Industries, Ltd. and others.

About Credence Research:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

For More Information, Visit: http://www.credenceresearch.com/

Media Contact
Company Name: Credence Research
Contact Person: Chris Smith,
Designation: Global Sales Manager
Phone: +1-800-361-8290 FREE
Address: 105 N 1st ST #429, SAN JOSE,
CA 95103
E-mail: sales@credenceresearch.com

 
9 days ago

According to a new market research report published by Credence Research “Offshore Wind Energy Farms Market (By Component– Turbines, Support Structure, Electrical Infrastructure and Assembly, Transportation and Installation) – Growth, Future Prospects, Competitive Analysis and Forecast 2017 – 2025”, the global offshore wind energy farms market is expected to significant growth on account of penetration in Asian countries including China, Japan, South Korea and India, among others.

The complete report is available at http://www.credenceresearch.com/report/offshore-wind-energy-farms-market

Market Insights

Global offshore wind energy farms market is expected to witness strong growth on account of ongoing investments towards offshore wind energy in the European region. Europe houses almost 90% of the overall offshore wind energy generation capacity in the world. Leading adopters of offshore wind energy in the region include UK, Germany, Denmark, Belgium, Netherlands and Sweden, among others. These markets are expected to experience continued demand for various wind energy components such as turbines, support structures and transmission cabling. Moreover, the region offers immense growth opportunities for various services associated with offshore wind energy such as consulting and project development. Some of the other key growth markets in the overall offshore wind energy farm market include China, Japan, South Korea and India, among others. With increasing penetration of offshore energy in various economies, the overall offshore wind energy farms market is poised to grow at a significant rate during the forecast period from 2017 to 2025.

Offshore Wind Energy Farms Market

Competitive Insights:

The global offshore wind energy farms market is fairly consolidated with few of the leading providers of various components such as turbines, transmission cabling and other consulting and management service providers. Some of the leading providers involved in the offshore wind energy industry included Siemens Wind Power GmbH & Co.KG, DONG Energy A/S, Vestas Wind Systems A/S, GE Renewable Energy, ADWEN Offshore, S.L., Senvion S.A., Samsung Heavy Industries Co. Ltd., Suzlon Energy Limited, Nordex SE and Sinovel Wind Group Co., Ltd. With growing demand and increasing market penetration, the competition in the overall offshore wind energy market is expected to remain moderate providing ample growth opportunities for majority of the providers.

Key Trends:

Europe holds the largest share in the overall offshore wind energy farms market with Asia Pacific to register the highest growth during the forecast period
Around 3,000 MW of capacity installed in 2015 itself
Average capacity of wind turbines installed during 2016 was about 5 MW

About Credence Research:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

For More Information, Visit: http://www.credenceresearch.com/

Media Contact
Company Name: Credence Research
Contact Person: Chris Smith,
Designation: Global Sales Manager
Phone: +1-800-361-8290 FREE
Address: 105 N 1st ST #429, SAN JOSE,
CA 95103
E-mail: sales@credenceresearch.com

 
9 days ago

According to a new market research report published by Credence Research “Switchgear Market (By Voltage: Low Voltage (Less than 1KV), Medium Voltage (1KV to 75KV) and High Voltage (Above 75KV); By End-use Industry: Transmission & Distribution Utilities, Manufacturing & Process Industries, Commercial & Residential Infrastructure) – Growth, Future Prospects, and Competitive Landscape, 2017-2025”, switchgear market was valued at US$ 89.4 Bn in 2016 and is expected to grow at a CAGR of 9.2 % during the forecast period from 2017 to 2025.

The complete report is available at http://www.credenceresearch.com/report/switchgears-market

Market Insights:

Switchgear is an assembly of electrical devices which are incorporated into the electrical circuits to protect other electrical equipment and appliances from the undesirable electrical occurring. Such occurring includes short-circuits, overloads, voltage fluctuations and overheating, among others. Switchgears have been used from past several years in order to safeguard electrical devices in power plants, transmission and distribution utilities, manufacturing and processing industries, and commercial and residential infrastructures. Switchgears provides superior protection when compared to the normal protection offered by the fuse and other protection devices individually. Consequently, owing to the aforementioned merits the demand for the switchgears is expected to rise consistently in the following years.

Click Here To Download Full Report Sample on Switchgears Market : http://www.credenceresearch.com/sample-request/58647

Growing demand for electric energy boosted the establishment of new power plants across the world. Switchgears are used to ensure the safety of heavy and expensive equipment and machinery in the power plants. Switchgears are also used to safeguard the electrical devices used in set-up and re-establishment of transmission and distribution utilities. With consistently growing power plants and renovations and up-gradation of power system networks, the demand for the switchgears is expected to escalate throughout the forecast period. In addition, switchgears are also used to prevent electrical damage to the equipment and devices used for manufacturing and processing industries as well as residential and commercial complexes. With the growth in the aforementioned sectors, the market for switchgears is also expected to demonstrate a substantial growth in the following years.

Switchgears Market

Competitive Insights:

Switchgears market is highly fragmented and comprises several international manufacturers, as of 2016. With consistent up-gradation of electrical infrastructure and network, switchgear manufacturers are extensively striving to expand their sales and distribution network. Companies are concentrating on new and emerging markets in the Asia-Pacific, Middle East and Africa (MEA) and Latin America regions. Major players in the market include ABB Ltd., Eaton Corporation PLC, General Electric Company, Mitsubishi Electric Corporation, TE Connectivity Ltd., Toshiba Corporation, Schneider Electric SA, Siemens AG, Hitachi Ltd, Crompton Greaves Ltd., Alstom SA, and Hyundai Heavy Industries Co. Ltd.

Key Trends:

High investments in up-gradation of transmission and distribution infrastructure
Growing awareness of energy efficiency measures and renewable energy projects
Expansion of sales and distribution network in new and emerging markets

About Credence Research:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

For More Information, Visit: http://www.credenceresearch.com/

Media Contact
Company Name: Credence Research
Contact Person: Chris Smith,
Designation: Global Sales Manager
Phone: +1-800-361-8290 FREE
Address: 105 N 1st ST #429, SAN JOSE,
CA 95103
E-mail: sales@credenceresearch.com

 
9 days ago

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9 days ago

According to the latest market report published by Credence Research, Inc. “Pharmaceutical Filtration Market – Growth, Future Prospects and Competitive Analysis, 2017 – 2025” the global pharmaceutical filtration market was valued at US$ 13.4 Bn in 2016, and is expected to reach US$ 33.2 Bn by 2025, expanding at a CAGR of 10.57% from 2017 to 2025.

**Browse the full report Pharmaceutical Filtration Market – Growth, Future Prospects and Competitive Analysis, 2017 – 2025 at http://www.credenceresearch.com/report/pharmaceutical-filtration-market

Market Insights**

The global pharmaceutical filtration market is projected to show significant market growth during forecast period because filters plays critical role in various pharmaceutical process from raw material processing to final product delivery. Filters are used to meet stringent regulatory requirements, decrease costs, and to improve quality during drug development and manufacturing processes. For the purpose of the study pharmaceutical filtration market is segmented on the basis of technology type such as microfiltration, ultrafiltration, nanofiltration and other techniques. Microfiltration technique was the highest revenue generating segment in the year 2016 due to its higher speed, low operating pressure, low energy consumption availability at lower cost and wide applicability in effluent treatment, separation of water oil-water emulsion, water bacteria reduction and pretreatment for nano-filtration.
To know more about the assumptions considered for the study, download report sample : http://www.credenceresearch.com/sample-request/58655

Pharmaceutical filtration market is categorized on the basis of product type such as membrane filters, prefilters and depth media, single use systems, cartridges & capsules, filter holders, filtration accessories and others (syringe filters, filter bags, and cartridge housing equipment). Membrane filters held largest revenue contributor due to higher use in manufacturing, R&D and environmental cleaning applications in the pharmaceutical industry. Based on application pharmaceutical filtration market is segmented as final product processing, raw material filtration, cell separation, water purification and air purification. Currently final product processing is major revenue generating segment due to stringent regulatory guidelines, growing adoption of biologics, protein and technological advances in filtration process which led to increase use of filtration process in final product processing.

It is studied that, in the base year 2016, North America was highest revenue generating segment due to factors such as highest investment in research and development activities, presence of key manufactures, developed economies, highest number of pharmaceutical and biotechnology industries and technological advances. It is estimated that Asia Pacific will growth significantly during forecast period due to increasing partnership of key manufacturers with local players and growing number of pharmaceutical and biopharmaceuticals industries in Asia Pacific would assist the pharmaceutical filtration market growth.

Pharmaceutical Filtration Market

Market Competition Assessment:

The Pharmaceutical filtration market is observed to be highly competitive and comprises large number of players. However, the market is currently dominated by few players such as 3M Company, Amazon Filters Ltd., Eaton Corporation Plc., GE Healthcare, Graver Technologies LLC., Koch Membrane Systems Inc., Meissner Filtration Products Inc., Merck KGaA, Microdyn-Nadir US, Inc., Pall Corporation, Parker Hannifin Corporation, Sartorius Stedim Biotech S.A., and others.

Key Market Movements:

– Factors such as growing number of pharmaceutical industries, stringent regulatory guidelines to deliver quality product, increase in research and development activities and wide availability of technologically advance filter are key factors that assisting the growth of pharmaceutical filtration market globally.

– Moreover, production of novel biologics, vaccines and protein requires sterility and zero risk of contamination which further necessitates the use of advanced pharmaceutical filter.

About Credence Research:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

**For More Information, Visit: http://www.credenceresearch.com/

Media Contact**
Company Name: Credence Research
Contact Person: Chris Smith,
Designation: Global Sales Manager
Phone: +1-800-361-8290 FREE
Address: 105 N 1st ST #429, SAN JOSE,
CA 95103
E-mail: sales@credenceresearch.com