COVID-19 Impact Review: What to Expect from Ultrasonic Displacement Sensor Industry in 2020?

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According to a recent report published by Research Dive, titled, "Ultrasonic Displacement Sensor Market by Type, Component, Transducer Type, and End-users: Global Opportunity Analysis and Industry Forecast, 2019-2025," the global Ultrasonic Displacement Sensor market size was valued at $ 2,627.65 Million in 2018, and is projected to reach $ 4,736.67 Million by 2025, registering a CAGR of 8.86% from 2019 to 2025. North America dominates the market, followed by Europe, Asia-Pacific, and LAMEA. U.S. dominated the global Ultrasonic Displacement Sensor market share in 2018, whereas Canada is expected to grow at a significant rate in the U.S. during the forecast period. Ultrasonic displacement sensors are basically used to detect objects and measure distance in industrial applications in which versatility and reliability are the key factors. For instance, Pepperl+Fuchs offers a wide variety of ultrasonic sensors which feature benefits such as large measuring ranges of up ...
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Covid-19 Impact Review: Get to Know the New Ins and Outs of the Oxygen Cylinder And Concentrator Industry 2020

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According to a study, Oxygen Cylinder and Concentrator Market by Research Dive, the market is expected to reach $5,052.1 million by 2026, registering a CAGR of 8.7% from 2019-2026. Growing utilization from different applications and increasing focus on consumption are some of the oxygen cylinder and concentrator market drivers.

The oxygen cylinder and concentrator market is primarily dominated by growing utilization from different applications, for instance, healthcare, pharmaceutical & biotechnology and manufacturing industries. According to American Academy of Allergy, Asthma & Immunology (AAAAI), about 320 million people worldwide are diagnosed with Asthma, of which about 255000 are suffering from the disease. However, it is estimated that by the end of 2026, the number of asthma patients would continue to grow by more than 102 million. This factors further enhance the market in healthcare and medical segment. 

Connect with Analyst to Reveal How COVID-19 Impacting On Oxygen Cylinder And Concentrator Market: https://www.researchdive.com/connect-to-analyst/30


Additionally, rising demands for adventure sports such as mountain climbing and scuba diving is additional factor for the market growth. Moreover, increasing air pollution, rising the oxygen cylinder usage in manufacturing and production industry will drive the growth of the market in the coming years. The oxygen cylinder and concentrator market size is restrained by the oxygen cylinder production rate, availability of oxygen cylinders and price of the concentrators.

The global oxygen cylinder and concentrator market is segmented into fixed and portable concentrator. The market is dominated by portable oxygen concentrators, and it is predicted to reach $2875.5 million by 2026 and at a growth rate of 8.4%, it is expected continue to dominate in the coming years, due to their mobility and easy handling. 

Fixed concentrator market is expected to grow at a CAGR of 9.1%, and projected to reach $2176.6 million by the end of 2026.

Based on end-use, the global oxygen cylinder and concentrator market is dominated by healthcare industry and growing at 8.4% CAGR. The market for healthcare sector is accounted for $1231.3 million in 2018, it is expected to reach $2347.5 million during forecast timeframe, this is mainly owing to the rising demand from oxygen dependent patients. Over the forecast period, the manufacturing industry is projected to reach $1152.8 million by the end of 2026, and expected to increase the market, growing at a CAGR of 9.8%. Along with manufacturing industry, pharmaceutical & biotechnology industry is witness to upsurge growth of the market over forecast period, at a CAGR of 8.9%.

Asia Pacific oxygen cylinder and concentrator market Forecast:

The oxygen cylinder and concentrator market for Asia Pacific has generated $724.2 million in 2018, at a CAGR of 9.3% and is projected to reach 1475.2 million by the end of 2026. India market is anticipated to experience vigorous growth in the coming years, due to the growing demands form pharmaceutical & biotechnology and manufacture sectors in Asia Pacific.

For More Detail Insights, Download Sample Copy of the Report at: https://www.researchdive.com/download-sample/30

North America Oxygen Cylinder and concentrator market Growth:

North America region accounted to hold the majority of the market share and dominated the market in 2018, generating a revenue of 2200.8 million by 2026, at a CAGR of 8.4%. In 2018, U.S. produced 42% of regional oxygen cylinder and concentrator market share, due to the frequently occurrence of respiratory problems caused because of the sudden change in climatic conditions along increasing number of aged populace will drive the growth of the market. 

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