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Showing posts from January, 2022

Declining by 2.6% in 2020 Amid the COVID Impact, Global Pyrometers Market Projected to Reach US$871 million by 2027

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Industry Experts, Inc. unveiled the market research report on Pyrometers. The report entitled " Pyrometers – A Global Market Overview " reveals that the Asia-Pacific is estimated the largest market in 2021 with US$228.9 million, forecast to be US$240.1 million in 2022, and the region is also expected to witness the fastest growth with a CAGR of 8.7% during the period 2021-2027. The market for Pyrometers that are widely used for sensing and monitoring extremely high temperatures remotely, also underwent a decline between 2019 and 2020 due to lack of demand. The primary sectors where these devices are used include the Ceramics, Glass and Metal Processing industries, which slowed or closed operations in several regions. Apart from Asia-Pacific, all the other major regions posted declines during the pandemic period, with recovery being possible only towards the middle of 2021 as the effect of the virus was able to be controlled with newly developed vaccines. Over the coming yea...

Asia-Pacific Ceramic Capacitors Market to Reach $33 Billion by 2026 | Market Research Report (2021-2026) by Industry Experts, Inc.

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Industry Experts, Inc. introduced a global market research report on Ceramic Capacitors. The new report entitled " Global Ceramic Capacitors Market – Products and Applications " focuses on the market for Ceramic Capacitor types/sub-types and the key application sectors. Asia-Pacific is the principal global market for Ceramic Capacitors, which is also likely to log a robust 2021-2026 CAGR of 11.2% in reaching a projected US$16.7 billion by 2026. Towards the end of 2019, the outbreak of the COVID-19 pandemic had an adverse impact on the global Ceramic Capacitors market, as was reflected in declining demand in 2020. This can be attributed to either a slowdown or a complete stoppage of activity in the various verticals where these products are used in millions, if not billions. Leaving Asia-Pacific aside (due to a positive Chinese market), all other major worldwide regions witnessed declines in demand for Ceramic Capacitors between 2019 and 2020. This scenario is likely to chang...