Function Generator Market to Hit $2.30 Billion by 2027; Rising Demand for Testing Solutions for Electronic Equipment to Boost Market Prospects: Fortune Business Insights™

Pune, Dec. 01, 2020 (GLOBE NEWSWIRE) — The global function generator market size is projected to reach USD 2.30 billion by 2027, exhibiting a CAGR of 6.0% during the forecast period. Increasing renewable energy capacity will be one of the top growth drivers for this market, observes Fortune Business Insights™ in its report, titled “Function Generator Market Size, Share & COVID-19 Impact Analysis, By Product Type (Analog and Digital), By Output Frequency (Up to 50 Mhz, 50–100 Mhz, and Above 100 Mhz), By Application (Aerospace, Defense & Government Services, Automotive, Energy, Wireless Communication and Infrastructure, and Others), and Regional Forecast, 2020-2027”.Click here to get the short-term and long-term impact of COVID-19 on this market.
Please visit: https://www.fortunebusinessinsights.com/function-generator-market-104357
Findings released by the International Renewable Energy Agency (IRENA) reveal that in 2018, renewables generated 6,586TWh of electricity, with hydropower accounting for the largest share. Indicating a 6.1% increase in renewable generation from 2017 levels, the total public investment in renewables in 2018 stood at USD 21 billion. Function generators are set to play an instrumental role in advancing the adoption of renewables around the globe. These machines are primarily used in testing, developing, and repairing electronic equipment. Generating and managing power from renewable sources will necessitate the employment of efficient and effective technologies to ensure safe and stable power supply, which in turn will stoke the demand for energy management devices.As per the report, the value of the market stood at USD 1.59 billion in 2019. The main highlights of the report include:Elaborative overview of the industry outlook and trends;Comprehensive insights into the market drivers and challenges;Exhaustive analysis of the regional dynamics and competitive milieu shaping the market; andHolistic study of each and every segment of the market.
Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/function-generator-market-104357
Restraining FactorSharp Decline in Energy Demand amid COVID-19 to Deflate Market ProspectsThe function generator market growth is premised on the surging energy demand worldwide, underpinned by the rapid economic development in emerging economies. However, projections about the expected meteoric rise in the demand for energy have taken a steep dive due to the outbreak of the COVID-19 pandemic. The health-economic crisis created by the coronavirus has led to an unprecedented contraction in the global energy demand. According to the International Energy Agency (IEA), the world energy demand in 2020 is set to fall by 6%, equivalent to the entire energy demand of India, the world’s third-largest energy consumer. In advanced economies, the situation is even starker. In the US, for instance, the IEA estimates energy demand to shrink by 9%, while in the European Union the IEA predicts energy demand to reduce by 11%. Low electricity demand will inevitably stall investments in the energy industry, which in turn will hamper the adoption of devices such as function generators.Regional InsightsHigh Energy Consumption to Propel Market Growth in Asia PacificAsia Pacific dominated the function generator market share in 2019 with a market size of USD 0.69 billion owing to the escalating demand and consumption of electricity in the region. For example, the Brookings Institution estimates that India’s electricity consumption will rise at a CAGR of 6.2% between 2015 and 2030. In addition, India and China are making massive investments in renewable energy sources and have recently emerged as two of the highest-spenders on renewables. Together, these two factors will create numerous opportunities in the regions for companies in the energy & power industry.
Speak to Analyst: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/function-generator-market-104357
Competitive LandscapeKey Players to Tap Opportunities Generated by the Emergent 5G TechnologyThe rollout of 5G infrastructures in major economies is reshaping the dynamics of the telecom industry. With telecom companies rapidly adopting equipment testing and repairing solutions, there is a steadily growing demand for function generators, encouraging key players develop innovative offerings and cement their position.Industry Developments:October 2020: Keysight Technologies’ 5G test solutions have been selected by the testing lab State Radio Monitoring Center Testing Center in China to facilitate international as well as domestic certification of 5G devices.June 2020: Teradyne, Inc. successfully ramped up the high-volume production of its new Magnum EPIC memory tester, which offers flexibility to entirely cover future DRAM devices, GDDR6, DDR5, LPDDR5, and 5G mobile devices.List of Key Companies Profiled in Function Generator Market Report:Shijiazhuang Suin Instruments Co., Ltd. (China)Chauvin Arnoux, Inc. (France)PROMAX ELECTRONICA S.L (Spain)Teledyne Technologies (U.S.)B&K Precision Corporation (Japan)Teradyne Inc. (U.S.)Good Will Instrument Co., Ltd. (Taiwan)Keysight Technologies (U.S.)Scientech Technologies Pvt. Ltd. (India)Tabor Electronics Ltd.(Israel)RIGOL TECHNOLOGIES, INC. (China)Fluke Corporation (U.S.)Tektronix, Inc. (U.S.)KIKUSUI ELECTRONICS CORPORATION (Japan)National Instruments Corporation (U.S.)
Quick Buy – Function Generator Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/104357
Detailed Table of Content:IntroductionResearch ScopeMarket SegmentationResearch MethodologyDefinitions and AssumptionsExecutive SummaryMarket DynamicsMarket DriversMarket RestraintsMarket OpportunitiesKey InsightsKey Emerging Trends – For Major CountriesLatest Technological AdvancementRegulatory LandscapePorters Five Forces AnalysisQualitative Analysis – Impact of COVID-19Impact of COVID-19 on the Function Generator MarketSteps Taken by the Government to Overcome the ImpactKey Developments in the Industry in Response to COVID-19Potential Opportunities and Challenges due to COVID-19 OutbreakGlobal Function Generator Market Analysis (USD Billion), Insights and Forecast, 2016-2027Key Findings / SummaryMarket Analysis, Insights and Forecast – By Product TypeAnalogDigitalMarket Analysis, Insights and Forecast – By Output FrequencyUp to 50 Mhz50–100 MhzAbove 100 MhzMarket Analysis, Insights and Forecast – By ApplicationAerospace & Defense & Government ServicesAutomotiveEnergyWireless Communication and InfrastructureOthersMarket Analysis, Insights and Forecast – By RegionNorth AmericaEuropeAsia PacificLatin AmericaMiddle East & Africa
TOC Continued..
Get your Customized Research Report:https://www.fortunebusinessinsights.com/enquiry/customization/function-generator-market-104357
Have a Look at Related Research Insights:
Solar Floating Panel Market Size, Share & Industry Analysis, By Capacity (Up to 500 kW, 500 kW to 1 MW, 1 MW to 3 MW, Greater than 3 MW), By Type (Stationary Floating Solar Panel, Tracking Floating Solar Panel), By Panel Type (Mono-crystalline, Poly-crystalline, Thin Film) and Regional Forecast, 2026Solar Panel Market Size, Share & Industry Analysis, By Type (Monocrystalline, Polycrystalline, Thin Film ), By Application (Photovoltaic Concentrated Solar Power), By End-User (Residential, Commercial, Industrial, Utilities, Space & Defence, Others) and Regional Forecast, 2019-2026Solar Power Market Size, Share and COVID-19 Impact Analysis, By Technology (Solar Photovoltaic {Mono-Si, Thin Film, Multi-Si, and Others}, and Concentrated Solar Power {Parabolic Trough, Power Tower, and Linear Fresnel}), By Application (Residential, Non-Residential and Utility), and Regional Forecast, 2020-2027Rooftop Solar Photovoltaic (PV) Installation Market Size, Share and Global Trend By Technology (Crystalline Silicon, Thin film), By Grid Type (Grid Connected, Off-Grid), By Application (Residential, Commercial, Industrial) and Geography Forecast till 2026
About Us:Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.Contact Us:Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune – 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: [email protected]
Fortune Business Insights™
LinkedIn | Twitter | Blogs


(GlobeNewsWire)

Please follow and like us: