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Machine Vision Technology Market is Anticipated to Reach Nearly US$28.5 bn by the end of 2021

The global machine vision technology market features an intensely competitive landscape with the presence of several global as well as regional players, finds Transparency Market Research (TMR). Technology developers are focused on research and development of cutting-edge machine learning technologies to bring innovations in the market. Numerous top players are engaged in constantly expanding their product portfolio to reap competitive edge over others and consolidate their shares in the global market. A growing number of players are capitalizing on emerging demand for advanced machine vision technologies to garner better returns on their investment, notes TMR.

TMR observes that several players are focused on introducing new product varieties to meet new and emerging demands for machine vision applications in several end-use industries. Top players operating in the machine vision technology market include Allied Vision Technologies Inc., Basler AG, Adept Technology Inc., ISRA Vision AG, Cognex Corporation, Microscan Systems Inc., Electro Scientific Industries Inc., Keyence Corporation, Seeing Machines Ltd., and Omron Corporation.

The global machine vision technology market is projected to expand at a promising CAGR of 8.40% during the forecast period of 2015–2021. The global market stood at US$15.7 billion in 2014 and is anticipated to display opportunities worth of US$28.5 billion by the end of the assessment period.

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The broad applications of machine vision technology comprise industrial and non-industrial, with the former segment holding the sway in the global market. This can be attributed to the extensive application of the technology in semiconductors for the past few years and the rising applications in the areas of packaging, automobiles, textiles, and electronics.

Geographically, Asia Pacific has emerged as the dominant regional market and is expected to hold its sway in the coming years as well. The rapid growth is driven primarily by the substantial strides being made by the automation manufacturing sector. The regional market is expected to garner a CAGR of 7.30% during 2015–2021.

Burgeoning Application of Technology in Automated Industrial Inspection and Quality Controls underpins Rapid Expansion

The global machine vision technology market is driven primarily by the rising adoption of automation in industrial processes world over and the burgeoning need for advanced quality controls in various industry verticals. The rising deployment of robotic systems in areas such as food and packaging, automotive, and pharmaceutical, and in numerous industrial applications is a key factor boosting the market.

The growing adoption of machine vision technology in lenience monitoring, component monitoring, and defect recognition is propelling the growth of the market. The attractive demand hinges on the marked effectiveness of the technology in inspecting test objects of complex patterns in end-use industries. The application of the technology is also catalyzed by the rising paucity of manual labor in inspection of industrial processes.

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Rising Application in Automotive Sector holds Massive Potential

The market is expected to garner lucrative gains from the potential of machine learning and deep learning technologies to bring advanced automations in the manufacturing sector. The substantially rising application of the technologies in automobile manufacturing of a variety of components such as lead frames, microchips, and capacitors, is accentuating the market. The demand is majorly propelled by usage of the machine vision technology by automotive players in automatic image-based detection and inspection of test objects.

However, presently, the paucity of system integrators is a crucial factor that is hindering the market to attain its full potential. System integrators play a critical role for the implementation of machine vision technologies in industrial applications. On the other hand, the rising potential of smart-camera in machine vision systems, attributed to their flexibility to standards and mechanisms, has opened many a promising opportunities for market players.

The study presented here is based on a report by Transparency Market Research (TMR) titled “Machine Vision Technology Market (Product Type – PC-based Machine, Embedded Machine, and Smart Cameras-Based Machine; Application – Industrial (Semiconductors, Electronics, Packaging, Textiles, and Automobiles) and Non-Industrial (Security and Surveillance, Banking, Traffic Controlling, Lab Automation, and Medical Imaging)) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015–2021.”

The global machine vision technology market is segmented based on:

Product Type

PC based machine vision technology
Embedded machine vision technology
Smart cameras based machine vision technology


Industrial applicationsSemiconductorsElectronicsPackagingTextilesAutomobilesOthers
Non-industrial applicationsSecurity and surveillanceBankingTraffic controllingLab automation and medical imagingOthers


North AmericaU.S.CanadaRest of North America
EuropeU.K.ItalySpainFranceGermanyRest of Europe
Asia PacificIndiaChinaJapanRest of Asia Pacific
Rest of the WorldLatin AmericaMiddle EastRest of Rest of the World

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Facilities Management Market is Expected to Expand at a CAGR of 13.6% from 2017 – 2024

The North America facilities management market features a high degree of fragmentation with top 10 companies holding a meager 10% share in the overall market, states Transparency Market Research (TMR) in a new report. The market is served by several international and regional players wherein price wars and efforts to forge long-term service contracts renders intense competition in amongst them. To sustain competition, companies are focusing on improving service quality, reduce the time involved to complete tasks, employ advanced cleaning and maintenance services, and roll out bundled services.

As per the TMR report, the demand in the North America facilities management market is likely to translate into a revenue of US$610.21 by the end of 2024, expanding at a healthy CAGR of 13.6% between 2017 and 2024. The opportunities in the market translated into a revenue of US$248.87 bn in 2017. Of the key service types, soft services segment currently holds the dominant share in the overall market. Hard services segment, on the other hand, is anticipated to register lackluster growth over the forecast period. Among the key end users of facilities management, corporate sector is anticipated to remain attractive with a revenue of US$124.75 bn by 2024. However, retail and commercial sector is predicted to emerge lucrative expanding at the leading growth rate over the forecast period.

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Advantages of Saving Valuable Employees’ Time Boosts Uptake

Increasing practices of outsourcing services is primarily driving the North America facilities management market. Businesses are increasingly engaging third-party contractors to outsource facility management for a certain period of time. This helps businesses to focus on core business functions and save valuable time of resources from being used for non-core business activities. Thus, outsourcing helps reduce costs and expenses of businesses in the long run. The demand for facilities management is witnessing an upswing across several industry verticals such as healthcare, government, government, and corporate among others.

Furthermore, increasing demand for standardization of support services is boosting the adoption of facilities management services. Businesses are recognizing the importance of quality support services that makes a mark among clients, which may indirectly boost business growth. Large businesses are increasingly collaborating with world-class facilities management service providers that maintain quality standards and take onus in the event of subpar or poor service rendered.

Lack of Quality Standards Globally Limits Adoption

However, the market could suffer from several growth challenges. Nonexistence of standardization leading to lack of parameters to quantify performance and quality of services is a roadblock to the market’s growth. Quality and service standards are region specific with lack of standardization standards at global level. While different countries have recognized agencies that have set standards for standardization of services, there does not exist a single agency that monitors standardization of services globally.

Apart from this, increasing labor cost and increasing practices of developing in-house services are bottlenecks to the growth of facilities management market. Facilities management service providers are facing challenges of increasing labor costs during the tenure of long-term service contracts. Consequently, organizations are opting for short-term contracts or single contract thereby impacting the growth of facilities management market.

Moreover, due to nonexistence of quality standards, several organizations are forming their own in-house services by hiring personnel to be exclusively engaged in support services.

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The review presented here is based on the findings of a TMR report, titled “Facilities Management Market (Service Type – Hard Services (Plumbing, Air Conditioning Maintenance, Fire Protection Systems, and Mechanical and Electrical Maintenance) and Soft Services (Cleaning and Pest Control, Laundry, Catering, Waste Management, and Security); Industry – Corporate, Government and Public, Healthcare, Manufacturing, Residential and Educational, and Retail and Commercial) – North America Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2024.”

Key Takeaways;

Advantages of saving valuable employees’ time drives adoption
Lack of standardization parameters at global level crimps growth

The North America facilities management market is segmented as follows;

Facilities Management Market, By Service Type

Hard ServicesPlumbing and Air Conditioning MaintenanceFire Protection SystemsMechanical and Electrical MaintenanceOthers (Fabric Maintenance, etc.)
Soft ServicesCleaning and Pest ControlSterilizationLaundryCateringWaste ManagementSecurityOthers (Administrative Services, etc.)

Facilities Management Market, By Industry

Government and Public Sector
Health Care
Residential and Education Institutions
Retail and Commercial
Others (Food, Sport, etc.)

Facilities Management Market, By Country

The U.S.

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Microcontrollers (MCU) Market is Expected to Expand at a CAGR of 46.1% from 2013 – 2019

The report by Transparency Market Research (TMR), the global microcontrollers (MCU) market has highly competitive landscape. Some of the key players in the market are Fujitsu, Infineon Technologies, Freescale Semiconductor, Inc, Renesas Electronics Corporation, and Texas Instruments. The industry players are increasingly introducing improved and advanced microcontroller-enabled technology in various industry sectors for widening their customer base and to improve their product portfolio.

According to a report by Transparency Market Research (TMR), the global microcontrollers (MCU) market is expected to expand with a CAGR of 9.0% from 2012 to 2018, to attain the value of US$28.49 bn in 2018 from US$15.7 bn in 2011. The automotive industry accounted for the dominant revenue share of 31.4% in the market in 2012. Region-wise, Asia Pacific is dominating the global market followed by the EMEA. The cumulative share accounted by both region is nearly 70.5% of the global market in 2012.

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Extensive Applications in Automotive Industry to Drive Growth

The swift growth of global automotive industry is expected to impact positively on the growth of the microcontroller market. The availability of smartphones, phablets, tablets, and other touchscreens are boosting adoption of the MCUs which is likely to boost growth of the market. Additionally, MCUs have extensive application in consumer electronics such as microwave ovens, washing machines, and television. Furthermore, increasing demand for healthcare equipment such as portable glucometers and blood pressure monitors which uses microcontroller are also considerably supporting for the growth of market for MCUs.

Awareness regarding smart energy management, along with the latest technological advancements, is key driver of the global microcontrollers (MCU) market. A favorable regulatory initiations are supporting deployment of smart grid systems which is likely to boost growth of the market. The technology is chiefly used in smart cards for ensuring better safety to electronic banking transactions and government IDs such as mass-transit fares, security applications, passports, and medical records.

Advent of Novel Features to Create Lucrative Opportunities

Despite of these growth prospects, malfunctioning of microcontroller in extreme climatic conditions such as extremely low and high temperatures are limiting growth of the market. Nevertheless, microcontrollers are manufactured as application-specific integrated circuits to be embedded inside devices they control. They comprise memory, peripherals, and processors coupled with the advent of the novel features such as GPS and keyless entry, the demand for MCUs in the automotive industry is higher than ever. This is creating lucrative opportunities for the growth in the global market for microcontroller.

This information is comprised in the new report by TMR, titled “Microcontrollers (MCU) Market (Product – 8-bit, 16-bit, and 32-bit; Application – Automotive, Computer, Industrial, Consumer Goods, and Communication) – Global Industry Analysis, Size, Share, Growth and Forecast 2012 – 2018.”

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Global microcontrollers (MCU) market has been segmented as:

By Product:


By Application:

Consumer Goods

By Geography:

North AmericaU.S.Canada
EuropeU.K.GermanyFranceSpainItalyRest of Europe
Asia PacificChinaJapanAustraliaIndiaRest of Asia Pacific
Latin AmericaBrazilMexicoRest of Latin America
Middle East & AfricaSouth AfricaSaudi ArabiaRest of Middle East & Africa

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One Stop Pallet Racking Offers Affordable Solutions

Sydney, Australia – 30 July 2019 – One Stop Pallet Racking is offering pallet racking Brisbane solutions and services for the utmost affordable prices on the market.

If you are running a storage business and do have plenty of warehouses that are filled with all kinds of things, odds are, you will be interested in making the most from warehouse racking Brisbane as well. That is right – these racking pallets need to be present in every warehouse in order to optimize all of the storage features that you are offering. And, surely, you will need to find an optimal provider to back you up with that.

One Stop Pallet Racking is offering quality pallets for sale Brisbane for just about any kind of needs and requirements and, if you are interested in making the most from pallet racking suppliers Brisbane, this really is your cup of tea. See, you can either choose the pallets from the available assortment or maybe invest into custom designs – whatever works for you. There are plenty of different pallet racking suppliers brisbane, but if you are inclined to make the most from cantilever racking Brisbane, you will be unable to find a much better combination of price and quality. Hence, regardless of how big of an order you are going to need and how many of those racking pallets you are looking for, do not hesitate to check out the official web page, check out all of the available options and make an educated decision in line with all of the collected info. The assortment is vast and the time of delivery is very quick, so you will not need to worry about a thing – your order will be easily processed within the very least amount of time possible and you will get your racking asap.

Unlike so many other options that are just as readily available on the market these days, this one is very accessible. Hence, if you are inclined to succeed and to make the most from the purchase, this really is the best option thus far.

About One Stop Pallet Racking:

One Stop Pallet Racking offers the largest assortment of different racking solutions that are bound to help you make the most from the warehouse business. If you are looking for more information, feel free to check out the official web page and make an educated decision in line with all of the collected info.

Company Name: One Stop Pallet Racking
Phone: 0410 894 157

Leak Detection and Repair (LDAR) Market Outlook, Overview, Trends and Manufacturing Cost Analysis Up to 2025 Forecast

The global leak detection and repair market size is anticipated to reach USD 24.47 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 5.4% during the forecast period. Leaking equipment, pumps, valves, and connectors in the oil & gas industry are the major sources of volatile hazardous air pollutants (VHAP) and volatile organic compounds (VOC) emissions. EPA has laid down LDAR regulations for monitoring of such equipment for possible leakages. An LDAR program is a system of procedures that help to reduce emission of VOCs and VHAPs. This program conducts audits of all components in the oil and gas industries and detects changes, if any, such as changes in gas emission level or temperature level.

Methane is a dominant greenhouse pollutant and is considered 80 times more powerful and harmful than carbon dioxide, a major greenhouse gas. In addition, methane contributes approximately 25.0% to global warming. Hence, various governments are introducing regulations and initiatives to reduce methane emissions.

Apart from government initiatives, various oil and gas producers, transmission, and distribution companies in the U.S. are actively collaborating to devise measures and deploy systems to reduce methane emission. Our Nation’s Energy Future (ONE Future) initiative was formed by 8 major U.S. companies (including Southwestern Energy, BHP Billiton Ltd., and Apache Corp.) in 2014 with an emphasis on collectively achieving methane emissions to one percent (or less) of the total natural gas production. Moreover, developments in oil and gas pipeline in countries in Asia Pacific such as China and India, due to rising energy demand, are expected to boost the growth of the market over the forecast period.

Both portable and fixed gas leak detection systems are used to detect leaks in the oil and gas industry. Currently, most of the oil and gas pipelines are equipped with flow rate measurement sensors. In case of a leak, sensors detect drops in pressure. However, according to a report by the U.S. Department of Transportation, these sensors are successful in detecting leaks only around 40.0% of the time.

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Further key findings from the report suggest:

  • Low-cost operation, high accuracy, and sensitivity in leak detection, environmental concerns regarding emission of harmful greenhouse gases, and support provided by governments and regional associations are among the primary growth stimulants for the market
  • Presence of the largest oil and gas pipeline network and concentration of major oil and gas producing and refining companies in North America are expected to offer a high-potential market for the deployment of gas leak detection, monitoring, and repair systems over the forecast period
  • Major American and European oil & gas companies are focusing on increasing their presence in Asia Pacific through acquisitions and investments
  • National oil companies in APAC such as Oil and Natural Gas Corporation, China National Offshore Oil Corporation, and Petronas are also expanding their operations to capitalize on the region’s rapidly growing market
  • Latin American Energy Organization (OLADE) is focusing on development of natural gas-based energy generation infrastructure through public-private partnerships. Natural gas is expected to play a vital role in the development.

Grand View Research has segmented the global leak detection and repair (LDAR) market based on product, technology, and region:

Leak Detection and Repair Product Outlook (Revenue, USD Million, 2014 – 2025)

  • Handheld Gas Detectors
  • UAV-based Detectors
  • Vehicle-based Detectors
  • Manned Aircraft Detectors

Leak Detection and Repair Technology Outlook (Revenue, USD Million, 2014 – 2025)

  • Volatile Organic Compounds (VOC) Analyzer
  • Optical Gas Imaging (OGI)
  • Laser Absorption Spectroscopy
  • Ambient/Mobile Leak Monitoring
  • Acoustic Leak Detection
  • Audio-Visual-Olfactory Inspection

Leak Detection and Repair Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.



Why Personalized Necklaces Are Desirable to Girls

Personalized necklaces are desirable gifts that you just could give a woman if you need to make her satisfied. Usually speaking, ladies seriously love jewelry and you’ll find few pieces that will make her really feel additional specific than a necklace which has been particularly designed for her. Get a lot more details about Penelope’s name bar necklace

Name necklaces are some of these customized necklaces that you can invest in. This means that a particular necklace has the name of your recipient on the pendant, typically hand inscribed by specialist artists who made positive that this jewelry item could truly be as lovely and as sophisticated since it possibly can.

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