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Quantum Sensors Market Will Reach USD 889.4 Million by 2030

The total value of the global quantum sensors market was USD 251.4 million in 2022, and it will rise at a growth rate of above 17.1% between 2023 and 2030, reaching USD 889.4 million by 2030. This can be credited to the wide utilization of such sensors to ‘re-build’ an extensive variety of businesses and applications. Quarks, protons, gluons, neutrons, and electrons are utilized in the quantum mechanics concept. This sensor has an enormous demand in the aerospace, defense, and healthcare industries credited to its benefits over orthodox technologies.

The technical improvements in quantum sensors are the major reason propelling the development of the industry. This can be credited to the increasing acceptance of this technology in numerous sectors, like oil & gas, aerospace, healthcare, and defense.

Moreover, as more R&D is done in the field of science and technology, a more-vital role will be played by such detectors. They have the capability to offer improved accuracy and sensitivity, which can be attained by making utilization of quantum phenomena, like superposition and entanglement. This makes it likely to gauge physical properties, like electric fields, magnetic fields, temperature, and gravity, with better precision and speed.

In 2022, on the basis of product type, the atomic clocks category held the largest share, of 40%, in the quantum sensors industry, and the category is also projected to remain dominant in the future as well. This can be credited to the excellent accurateness of such instruments, improvements in technology, growing demand for exact timing, and ongoing research and development. Such reasons combine to guarantee that atomic clocks serve an extensive variety of sectors and applications that hinge on exact timekeeping and synchronization.

North America is the largest quantum sensors industry, contributing approximately 45% of the global revenue, and it is further projected to remain dominant in the future as well. This is credited to its solid technical infrastructure, high expenditure in R&D, the existence of key end-use sectors, and helpful government guidelines in the continent.

Hence, the wide utilization of such sensors to ‘re-build’ an extensive variety of businesses and applications are the major factor propelling the quantum sensors market.

FPGA Market Will Touch USD 23,991.2 Million by 2030

The FPGA market was USD 9,121.1 million in 2022, and it will propel at a 12.8% CAGR, to touch USD 23,991.2 million, by 2030.

The growth of the industry is attributed to the growing acceptance of advanced driver assistance systems, surging data centers and high-performance computing deployment, and mounting utilization of IoT and AI technologies all over the world. Furthermore, with the increasing utilization of this technology, the requirement for field-programmable gate array (FPGA) hardware verification is increasing in avionics applications.

In 2022, the SRAM category, based on technology, held the largest FPGA market share, of 60%, and it will remain the largest in the years to come. This is attributed to the advantages offered by SRAM, including high performance, flexibility, in-system reconfiguration, and easier usage. Applications based on static random-access memory (SRAM) technology can be found in various industries, such as aerospace & defense, automotive, communications & networking, and consumer electronics.

Additionally, the SRAM technology is extensively used in aerospace & defense applications for communication systems, radar processing, signal intelligence, and secure data transmission. Moreover, in military settings, the ability of field reconfigurable these components possessed is particularly beneficial for avionics, electronic warfare, high-performance computing, and cybersecurity, which will further drive the advancement of this category throughout this decade.

In 2022, the 20–90 nm category, based on node size, held the largest share in the industry, and it is expected to remain the largest throughout this decade. This is attributed to the advantages offered by 20–90-nm FPGAs, such as reconfiguration freedom, low power consumption, and great performance.

APAC held the largest share in the industry, of 50%, in 2022, and it is likely to remain the largest during this decade. This is primarily attributed to the rising investment in the communications & networking sector in the continent. This will also boost the requirement for FPGAs in India in the years to come, as the country is focusing on telecom infrastructure advancement, such as the 5G connectivity deployment to boost its economy.

The North American FPGA industry is advancing at a steady pace, owing to government initiatives to promote electronics & semiconductor businesses to use more of the FPGA technology to attain cost-efficiency. Additionally, the defense and telecommunications industries, as well as the ICT sector, are progressing in North America, therefore, boosting the utilization of FPGAs in the region.

Virtual Power Plant Market To Reach USD 12,273.3 Million by 2030

The virtual power plant market will power at a rate of 16.9% in the years to come, reaching USD 12,273.3 million by 2030, as stated by P&S Intelligence.

This is because of the increasing acceptance of cutting-edge technologies such as IoT and cloud platforms in the power sector, the increasing consciousness toward the advantages of renewable power, the availability ease of power through VPP platforms, and the growing emphasis on cost-efficiency in generation of power.

This is because of the higher acceptance of this technology in industrialized nations, as a result of direct advantages offered to end customers as incentives for varying their consumption of power; an increase in the necessity for energy consumption; and it lets users to participate in the energy load drop throughout peak demand periods with the use of VPP software and solution.

This is because of the to the high electricity sales to industrial customers; the quick industrialization in China, Brazil, India, and Indonesia; and favorable policies proposed by numerous governments concerning energy consumption.

Power evacuation infra, characterized by power transmission and distribution networks, is either outdated or insufficient. In the majority of cutting-edge countries, power transmission networks are outdated and not able to accommodate the intermittent flow of electricity supplied by renewable power projects.

Furthermore, everyday network failure and high transmission and delivery losses result in loss of revenue to power utilities. In developing nations, the transmission of power network is extremely insufficient to cater to the increasing power demand.
Furthermore, the increasing use of virtual energy units for optimal energy distribution boosts the growth of the energy in the region.

Due to the increasing awareness of advantages of renewable power, the demand for virtual power plant will continue to grow in the years to come.

Fortified Mobility Navigating the Armored Vehicles Market

The armored vehicles market will touch USD 35.2 billion by 2030, powering at a rate of 5.1% by the end of this decade. This is because of the militarization of law implementation agencies, increase in the incidence of cross-border disagreements, development in the requirement for compact, sturdy, and extremely efficient armored vehicles, and growth in the defense budgets of numerous nations.

Furthermore, the high research and development spending by the giants of the industry and government partnerships with private administrations to advance highly groundbreaking and accurate solutions for defense support the industry growth.

The U.S., the leading power, is growing its defense expenditure, having spent about 3.7% of its gross domestic product on the military in the past. The growing military expenditure gives the armed forces more freedom to buy novel armored vehicles and reinforce their land-based competences.

Wheeled armored vehicles had the larger revenue share in the past and will have the faster growth in the years to come. Such vehicles are attaining acceptance due to their better mobility, low weight, and enhanced combat competences. Moreover, the growing occurrence of hostile and terrorist attacks in urban areas generates a robust need for armored cars and other wheeled automobiles.

The defense category had the larger share in the armored vehicles market, and it will continue dominating in the future as well. This can be credited to the rising use of APCs, IFVs, LPVs, MBTs, MRAP, and tactical automobiles for diverse purposes, rising essential to protect armed forces people from mine explosions, and the robust emphasis on safer disposition of infantrymen to battlefields or risky areas.

Navigating the Cosmetic Chemicals Market Demand, Innovations, and Growth Opportunities

The cosmetic chemicals market is experiencing significant growth and it will continue this trend in the years to come.

The growth of the cosmetic chemical industry is mainly attributed to the increasing desire of people to enhance their physical appearance, constant research and development for new products, surging requirement for cosmetics products, high beauty products consumption rate by numerous working women, and rising disposable income in emerging economies, for instance, India and China.

Moreover, the surging research and development for product innovation is a key trend being observed in the industry. Businesses are digging deeper for the advancement of skin-friendly cosmetic products; researching all the possible aspects of beauty and well-being; learning the biology of the hair, skin, oral cavity, and teeth; enhancing the methods of sustainable development; and studying behavior and beauty aspirations of consumers.

In recent years, the emollients & moisturizers category, based on product type, accounted for the largest share of the industry, and it is expected to remain the largest in the years to come. This is mainly because of the high utilization of emollients & moisturizers in various cosmetic and personal care products, for instance, skin moisturizers, body lotions, lipsticks, and face creams.

The skin care category, based on application, accounted for the largest cosmetic chemicals market share in the past few years, and it is likely to advance at a substantial rate in the years to come. This is primarily because of the rise in the requirement for skincare products, as a result of the increasing concern regarding the skin health of consumers.

In addition, some of the players in the cosmetic chemical industry are providing improved and new chemicals for the manufacturing of better skin care products.

The APAC cosmetic chemical industry held the largest share in the past few years, and it is expected to remain the largest in the years to come. This is mainly because of the surging research and development efforts of the manufacturers for low-cost manufacturing of organic personal care products and technological advancement in ingredient processing.

With the surging requirement for cosmetics products, the increasing willingness of consumers to spend on premium products, growing research & development activities, and the growing desire of people to enhance their physical appearance, the cosmetic chemicals industry will continue to advance in the years to come.

Increasing Uses of Powder Metallurgy in Automotive Sector Boost Metallurgy Equipment Market

The metallurgy equipment market will touch USD 133.9 billion, propelling at a 3.3% compound annual growth rate, by 2030.

Digitalization is a key aspect of modern metallurgy. All practices are fully automated, whereby the utilization of robots is also expected in unsafe working areas, which essentially surges safety at the workplace.

The steelmaking equipment category, based on type, is likely to advance at the fastest rate, of approximately 3%, in the years to come. This can be attributed to the increasing usage of steel across sectors such as aerospace, automobile, marine, infrastructure, electronics, and equipment & machinery.

Moreover, steel is crush-and corrosion-resistant and, thus, enhances the durability and safety of automobiles. The increasing requirement for hybrid and electric vehicles is likely to further drive the demand for steel, boosting steelmaking equipment sales.

The milling machines category, based on equipment, accounted for the largest metallurgy equipment market share in recent years, and it will also propel at a significant rate during this decade. This can be because milling machines are highly versatile and can execute various functions, such as facing, turning, fillet making, chamfering, gear cutting, slot cutting, and drilling.

Moreover, with the increasing labor charges in developed countries, businesses are utilizing software programs to control the spindle speeds, tool changes, and axis in milling machines. In addition, businesses are accepting CNC technology to enhance the efficiency of milling machines and the quality of work.

In the past few years, the aerospace & defense category, based on application, was the largest contributor to the industry. This can be because of the increasing requirement for powdered aluminum, steel, and titanium in different aerospace & defense applications because of their capability to reduce the weight of aircraft components and enhance their effectiveness.

Moreover, the rising passenger traffic & defense budget in the APAC and European regions also help the progression of this industry. For example, APAC had shown a rise of approximately 200% in airline traffic in March 2022 as compared to March 2021.

Increasing Count of Construction Projects Boosts Underfloor Heating Market

The underfloor heating market will touch USD 7,945.4 million, advancing at a 7.0% compound annual growth rate, by 2030.

The growth of this industry is mainly because of the rising consciousness regarding cost-effective heating solutions as well as the growing count of construction projects.

Additionally, because of the increasing living standard of people in European and North American nations, the industry has witnessed significant advancement. Heating controls allow central heating systems to function automatically, with the user’s only effort being to temporarily override or update the program.

Moreover, a hydronic underfloor heating system comprises thermal actuators, network pipes, zone valves, manifolds, and wiring centers, which together provide more heat compared to an electric system at a lower operating price. Therefore, hydronic, under the hardware category led the industry, and it will further advance at a 7.2% compound annual growth rate in the year to come.

Furthermore, heating pipes, under the hydronic subcategory, was the largest contributor to the industry. This can be mainly because they are the key element in such a system.

The residential category, on the basis of end user, was the largest contributor to the underfloor heating market, in the past few years. This can be mainly because of the increasing count of smart home initiatives, coupled with the extensive refurbishment activities. Additionally, businesses are producing technologies for effective heating in new and renovated apartments.

The commercial category, on the other hand, is likely to advance at the second-fastest rate, in the years to come. Due to the surging need for effective floor heating in retail enterprises and workplaces, the category will continue to advance.

Europe led the industry in recent years, and it will further advance at the highest rate, of more than 7.0%, in the years to come. This is because of the active involvement of government organizations in protecting the environment, through the utilization of energy-effective systems.

Furthermore, the German New Building Energy Act concentrates on the necessities for the energy performance of buildings, the usage and issue of energy performance certificates, and the employment of renewable energy in buildings.

North America is likely to witness the second-fastest growth in the years to come. This is because of the continuous funding of new technologies by the major companies operating in this region.

With the increase in the number of construction projects, the underfloor heating industry will continuously grow in the coming years.

Why DG Sets are Increasingly Becoming Popular in Thailand?

In Thailand there is a significant development in various infrastructures such as resorts, hotels, hospitals, offices, and others, which is generating a large necessity for power backup solutions, for instance, DG sets.

Moreover, DG sets are also gaining popularity in Thailand due to the increasing need for power generation systems on islands with unreliable or no grid connectivity. For example, as per an article in Taipei Times, Ko Phaluai Island in Thailand has zero central electricity source, as a result, individuals utilize small diesel-fueled generators to provide power.

DG sets can be turned off or on in just a few seconds, therefore these machines have fast response and by utilizing a liquid fuel, they can function without interruption for a long duration.

Increasing Residential Societies in Thailand Boost DG Sets Sell

Funding by governments and real estate organizations is increasing in the residential sector of Thailand. The advancement of the residential sector is well accompanied by that of the sector of corporate because it is boosting the requirement for semi-urban and urban housing, which significantly increase the need for DG sets in residential area.

Moreover, the Thailand government has enlarged its funding to develop and enhance its infrastructure in the last few years, via public–private partnerships and public investments. During the last decade, the Thailand government invested around USD 116 billion for the infrastructure progression. This will generate a positive impact on the sales of DG sets in the nation.

Types of DG Sets Used in Thailand

DG sets can be categorized based on their power rating, types of DG sets include 5–75 kVA, 76–375 kVA, 376–750 kVA, and above 750 kVA. Among these, the above-750-kVA DG sets are the most extensively used type in Thailand. This is mainly due to the high-power necessity in the industrial settings in the nation.

The nation is a top producer of high-tech goods, particularly those related to electronics and automobiles. In addition, the emphasis of the nation is on the manufacturing of additional value-added products, for its economic advancement, which urges startups to increase their facilities of production, as a result, increasing the need for DG sets.

Coming to an End

The DG set sector in Thailand is likely to advance significantly in the years to come with the surging competition between major providers of DG set. Furthermore, new businesses are more involved in collaborating with other providers, therefore further increasing the levels of competition.

Charging Ahead: Exploring Trends and Innovations in the EV Fast Charging Infrastructure Market

There is no doubt in the fact that EVs are the future of the vehicle industry. But one thing that is still left to be addressed is the time taken to charge an electric vehicle.

Fast Charging Always the Question

The common question asked with respect to EV is always, will EVs be charged in the amount of time taken to fill up a tank of a vehicle with petrol, diesel or even gas. Innovations have been happening in order to decrease the time taken for the electric vehicles to charge.

Governments are trying to come up with initiatives to boost the sales of electric vehicles, but this dream can turn in reality only than there is a proper fast charging infrastructure all over the world.

Why Not Slow Charging for EVs?

Slow charging, usually takes 6 to 12 hours at a 3kW power. Fast charging is becoming common in public infra, can take 1 to 3 hours at a power of 7-22kW.

Ultra-fast charging is the need of the hour to achieve the dream of complete electrification of vehicles, as will the infra for charging an ever-growing vehicle count. This infra could, eventually, be arranged in charging hubs in city centres, as planners build shifting mobility necessities into city design.

Managing the Grid Well

The power grid will take a huge toll, with the fast charging infra coming in place for charging electric vehicles, so a lot of thinking will be put in place for developing such an infra for fast charging, that charges the vehicles in a jiffy, and at the same time do not put much burden on the grid.

If a lot of vehicles are charged at the same time, then there is every chance that the grid will overloaded. Innovative solutions are needed to be thought of to build a bridge between the demand and supply. Battery storage systems can also be thought of.

Can Ultra-Fast Charging Become a Reality

In the current scenario, as mentioned earlier, there is a call for an ultra-fast EV charging to say the least. But, can it become a reality anytime soon, remains the biggest question to be answered.

Regulatory hurdles are the biggest blockage to the development of an ultra-fast charging network, and there has to be continuous support from the governments to tech advances if it is to become a reality, anytime soon. Working with the network operators for electrification of transportation will hasten both the acceptance of EVs but also the rate at which charging infra is built out across the globe.

With an intention to quicken the adoption of EV, the demand of the fast charging infrastructure will grow substantially in the future, to reach USD 18,909.8 million by the end of this decade.

A Deep Dive into the World of Thin Film Encapsulation

There is no doubt that we are living in the world of science and technology as well as innovation. The inclusion of innovation and technology has touched all the industries, and also the facets of life. When we talk of the display devices, a lot of development has gone into making the displays more advanced and vibrant in the contemporary scenario, especially the displays of wearable like smartwatches and fitness bands. The most advanced kind of display is the OLED display.

Well, this blog will not have a complete focus on the OLED display or technology, but on TFE or Thin Film Encapsulation, and why is it considered as the most advanced display technology going forward.

Some Insight into the Thin Film Encapsulation Technology

It is very common to see the people wearing smart wearable devices, and this trend will grow stronger ands stronger in the years to come. With the increase of wearable devices, flexible active-matrix OLEDs are seen as the next-gen display tech. To guarantee protection of flexible devices, conventional encapsulation methods are not appropriate as a result of their characteristic rigidity, and TFE is considered as the most promising tech.

TFE is based on a multi-layer film, formulated of alternating inorganic and organic layers. The inorganic layers are characteristically made of metal oxides and function as the barriers of moisture. These layers are almost tremendously good barriers, but they are mechanically inflexible and brittle. Furthermore, these layers alone would obviously present pinhole defects, that in the long run would let oxygen and water in. In normal TFE structures, organic planarization interlayers are employed, for improving the mechanical properties of the multilayer and to limit the water infusion through the pinholes.

The organic layers are frequently put by ink-jet printing, while or ALD can be used for the deposition of the inorganic layers, usually made of nitrides or oxides. These layers must be put at low temperature, deprived of damaging the OLED stack, which is underneath. If seamlessly integrated, TFE could allow truly lightweight, flexible, devices, entirely on the basis of plastics.

TFE is consequently a very intricate design, where each component has to be physically, chemically, mechanically and optically enhanced, for assuring more than a few years of lifetime to the OLED device, deprived of damages. From the point of view of material design, TFE is tremendously challenging and incessant research is on-going, in order to optimize both the inorganic and organic layers materials and the consistent deposition processes.

Coming to a Close

In the contemporary time, the application areas of the thin film encapsulation have increased, and what’s more it is used in the latest smartphones and smart wearables. Smartphones and smart wearables are owned by almost everyone, and the number is only growing.

These are the main reasons why the demand for thin film encapsulation is on the rise, and it will reach a value of USD 310.4 million by the end of this decade.