Wirewound Variable Resistors Market is expected to witness significant growth over the predict stage

The global wirewound variable resistors market is expected to witness significant growth over the forecast period owing to rise in demand in varied application areas. Escalated demand for electronic devices and equipment can be attributed as a key factor for surges in demand. Most consumer electronics and commercial electronic equipment have inbuilt wirewound resistors to avoid damage owing to transfer of excess current. These resistors provide damage protection to electronic gadgets by resisting fluctuations in the flow of extra electricity near its threshold voltage. These find extensive applications in circuit breakers or as fuses. Owing to its high-power capabilities, these resistors are extensively used in circuit breaking applications. Such resistors can be used as components in large circuit breaking devices, or may be used as circuit breakers themselves. By enhancing the inductive effect in these resistors, they can be used as current sensors as well as temperature sensors, ultimately augmenting its application areas. Markets of end-products such as electronic devices that use variable resistors is expected to gain traction over the forecast period.

High turnovers and replacements of home appliances and electronic devices such as LCD monitors, mobile phones, and digital cameras are instrumental in escalating the demand for resistors. Low technology barriers and abundance of raw materials have accelerated the production of these resistors. An abundance of opportunities is drawing more vendors for investing in the market. The existing market players are investing heavily in research and development activities to enhance the functionalities of wirewound variable resistors. 
Manufacturers have focused on developing small-sized resistors that can be easily mounted into smaller electronic equipment. Moreover, manufacturers are developing resistors with high-precision to provide greater reliability, multiple functioning, superior performance, and longer life span. Fewer technological barriers, low set-up costs and initial investments have spurred many domestic and international vendors to invest in this market. This has made the market highly competitive. In addition, aggressive export strategies have contributed remarkably to market augmentation.

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Wirewound variable resistors can be categorized into two major types. It comprises precision and power resistors. Furthermore, they can be classified on the basis of applications. These resistors find applications in current sensors, potentiometers, and temperature sensors.

Adoption of alternative technologies such as chip resistors has caused a significant decline in demand for wirewound variable resistors. Easy entry of vendors into the market has given rise to cut-throat competition. The price competition has largely reduced the profit margins of market players, subsequently declining their revenues. Furthermore, the market shares of existing players have gone down significantly. Prevailing pecuniary conditions have a direct impact on the market. Macroeconomic conditions such as the global recession and economic slowdown have adversely affected the market. Onset of financial crisis has led to a decline in the production capacities and has subsequently hampered the market growth. Moreover, counterfeit products have decelerated the market growth.

Geographically, the market is expected to gain traction in the Asia Pacific region. Presence of several developing economies in the region is expected to drive the market. Availability of cost-efficient labor in countries such as India, Taiwan, and China is expected to bolster the market augmentation. Moreover, abundance of raw materials and their availability at economical rates have led to large-scale offshore manufacturing of these resistors. Presence of several electronics manufacturing companies in the Asia Pacific region has accelerated the demand for these resistors. The market is expected to gain prominence in the European region, especially in countries such as the UK and Germany. Rising proliferation of consumer electronics can be attributed as a major reason for market expansion in this region. Higher production capacities in countries such as the U.S. and Canada are expected to bolster the market growth in the North American region.

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.

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Surge Protection Devices Market is estimated to witness considerable growth over the forecast period

The global surge protection devices market is estimated to witness considerable growth over the forecast period owing to the increasing demand across several application sectors including residential, industrial, and commercial sectors. Growing lightning incidences accidents and transient voltage are expected to increase the requirement of surge protection devices. High spike or surge may cause heavy damage to electrical equipment. The ability to defend the equipment from external and internal surges is expected to be the prime driver for the surge protection devices market. This removes data loss owing to electrical reasons as well as reduces maintenance and repair costs for the equipment.

Growing demand for electrical goods in industrial and residential sectors has stimulated consumers to use a wide range of surge protection devices. They permit several components to plug simultaneously into a single power outlet. The electronic equipment is can be damaged when the power voltage goes beyond the standard voltage. Surge protection devices prevent electrical equipment from being damaged, when the voltage rises above the standard level. To gain a competitive edge in the market, major market players are focusing on providing scalability, high capacity, and reliable devices.

Various services such as assembling of manufactured components, engineering design fabrication, sub-assembly manufacturing, and functional testing are expected to be carried out by surge protection device manufacturers. Need for consumer electronics, growing purchasing power, and distinctive features are expected to fuel surge protection devices market growth. Technological advancements, fluctuating technological inclination, and shift in consumer preferences are anticipated to positively impact the surge protection devices market.

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Rising occurrences of accidents are expected to influence the surge protection devices market over the next six years. Need for safety measures have significantly increased owing to serious concerns for minimizing casualties and damages. These devices are extremely sensitive to the extent that a single error could cause heavy and serious breakdown. Communication breakdown or system breakdown are anticipated to hinder surge protection devices market growth over the forecast period. Sensitivity and small fluctuations in the voltage of surge devices may lead to the damage of equipment, which is estimated to hamper the market over the forecast period.

The upsurge in the usage of electrical devices such as printers, personal computers, and industrial control equipment such as microwaves, PLC’s, washing machines, and alarms are forecasted to amplify the demand for surge protection devices. Implementation of high technologies equipment such as LED and LCD TVs in the emerging countries are anticipated to positively impact surge protection devices market growth. Proliferating demand for safeguarding electronic devices from spikes or power surges is expected to fuel requirement for surge protection devices worldwide.

The market can be segmented on the basis of types into power control center, plug-in devices, line cord devices, and hard wired devices. The plug-in devices segment is estimated to dominate the market owing to the escalating demand of portable devices. Based on end-use applications, the market has been categorized into commercial, residential, and industrial applications. Of all the application fragments, industrial sector is anticipated to have the largest market share in the surge protection devices market over the forecast period, whereas the commercial segment is anticipated to exhibit high growth over the next six years. This growth can be attributed to the growing internet and smartphone users in the emerging economies.

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.

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Grand View Research, Inc

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Wood Gas Generator Market is expected to grow dramatically over next seven years

Global wood gas generator market is expected to grow dramatically over next seven years on account of increasing demand as major fuel in internal combustion (IC) engines. Wood gas generator is basically used to convert timber or charcoal into combustible gas. Wood gas, also known as syngas, consists of atmospheric gases such as nitrogen, hydrogen, carbon monoxide and methane traces, which is used to power internal combustion engines. Increasing energy demand along with a goal to reduce carbon footprint levels in the environment is anticipated to be a key factor driving global wood gas generator market growth in the upcoming years. Wood gas is largely preferred over petroleum and coal based fuels owing to volatile crude oil prices and ecofriendly nature. Moreover, wood gas is increasingly being used to efficiently run power plant gas turbines owing to depleting conventional sources. Potential to substitute the conventional fossil fuels is anticipated to have positively impact the market penetration in near future.

Growing demand for converting waste charcoal and timber into efficient energy sources coupled with minimal carbon emission is expected to augment wood gas generator demand over the forecast period. The gas generator has a closed carbon cycle (CCC) which helps in reducing harmful emissions as compared to conventional generators. This advantageous characteristic helps in maintaining sustainability in nature, which in turn is increasing overall demand particularly in mature economies such as U.S. and European Union owing to stringent emission norms. Wood gas generator is known for its feasible use in stationary designs particularly for small and medium combined power & heat scenarios. Furthermore, simple design and low fabrication cost along with uneven oil and gas reserves distribution is further predicted to drive global wood gas generator demand over the forecast period.

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On the basis of fuel sources, the market has been broadly segmented into timber and charcoal. Timber is a renewable resource and is abundantly available for multiple use, hence it accounts for the largest fuel source segment. Additionally, wood gas generator is extensively used in regions with large forest covers owing to easy timber availability. Wood gas generator utilizing charcoal as a fuel source produces cleaner syngas with low carbon emission as compared to conventional fuel sources. This potential charcoal property is projected to have a notable impact on the global wood gas generator market over the forecast period. High transportation cost is expected to be major factor restricting wood gas generator market growth over the forecast period. Slow heating speed coupled with high raw material to yield ratio is another factor that can impede the global demand. Additionally, carbon monoxide production during gasification, leading to several health hazards in humans can hamper wood gas generator market growth in the upcoming years.

North America and Europe are expected to emerge as regional leaders in wood gas generator market owing to increasing energy demand in these regions. Moreover, environmental regulations favoring low cabin footprint levels in atmosphere particularly in economies such as U.S and U.K is further anticipated to complement wood gas generator market in these regions. Asia Pacific wood gas generator market is expected to witness significant growth over the forecast period on account of fluctuating petroleum prices. Increasing industrial awareness towards reducing dependence on conventional fossil fuels for power generation in countries such as Japan, Korea, India and China is anticipated to foster market penetration in the region. Central & South America wood gas generator market is predicted to grow at an above average growth rates as a result of extensive forest cover in these regions.

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.

Contact:

Sherry James

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Grand View Research, Inc

Phone: 1-415-349-0058

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Mining Equipment Market is expected to favorably blow over the estimate phase

The global market for mining equipment is expected to reach USD 147.69 billion by 2020, according to a new study by Grand View Research, Inc. Growth in mining activities such as drilling and earth moving is expected to boost demand for shredders, loaders and crushers among other mining equipment. Increasing demand for fertilizer minerals is also expected to favorably impact market demand over the forecast period. 

Mining operations rely on major mineral production regions such as North America, Australia, South Africa, etc. Water scarcity and dry spells in these regions has resulted in growing demand for effective mining solutions. Technologically advanced mining solutions are also estimated to witness growing adoption due to the need for robust hardware in mining locations. However, mining equipments produce harmful gases including carbon monoxide and sulfur oxides, which adversely affect the environment. This is expected to be curbed by the development of hybridization applications in the coming years.

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Further key findings from the study suggest:

• Surface mining equipment accounted for over 36% of the global market in 2013; it is expected to continue being the largest product segment over the forecast period. Demand for these equipments including service trucks, bulk trucks, bulldozers, etc. is estimated to be driven by demand for commodities such as iron ore and bauxite. Mining drills and breakers are expected to witness the fastest growth over the next six years, at an estimated CAGR of 10.2% from 2014 to 2020.
• Metal mining is expected to be the largest and fastest growing application market over the next six years. Price-driven increases in resource exploration and mine development activity are expected to be the key driving forces for expected growth in metal mining application. Furthermore, growing demand for precious metals such as gold, silver, and platinum is expected to favorably impact segment growth. It accounted for over 41% of the overall market share in 2013, and is expected to grow at a CAGR of 8.7% from 2014 to 2020.
• Asia Pacific and accounted for over 59% of global mining equipment demand in 2013, and is expected to dominate the market over the next six years, at an estimated CAGR of 8.7% from 2014 to 2020, primarily due to high estimated demand from China. Growing mine production and machinery sales is expected to fuel regional growth over the forecast period. Government restrictions on coal fired power plants and coal mine operations in the U.S. may act as a barrier to overall revenue generation.
• Key industry participants include Caterpillar Inc., Hitachi Construction Machinery, Komatsu Limited, Atlas Copco AB and Sandvik AB among others. Companies operating in the market require high capital investment, and equipment production needs the presence of large production lines as well as meeting safety standards. Market participants focus on investment in R&D activities to drive innovation; strategic partnerships and mergers and acquisitions are among other growth strategies followed.