Future Prospects of Global Laboratory Proficiency Testing Market

Image
Laboratory Proficiency Testing Market  The global Laboratory Proficiency Testing Market is estimated to be valued at US$ 1.29 billion in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 - 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Laboratory proficiency testing involves evaluating the performance of laboratories for a given scope of testing through inter-laboratory comparisons. It helps assess the quality and competence of laboratories by determining reproducibility and accuracy of test results. Proficiency testing products are used by laboratories to determine method validity and accuracy, and improve testing processes. Market Key Trends: One of the major trends in the laboratory proficiency testing market is the growing number of accredited medical laboratories. Accreditation assures compliance with ISO 15189 and ISO/IEC 17025 standards, which require participation in proficiency testing programs. Acc...
Post a Comment

Variable Frequency Drive Market Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028

Variable Frequency Drive Market
Variable Frequency Drive Market


A variable frequency drive (VFD) is a type of motor controller that regulates the frequency and voltage of the power supply to an electric motor. The VFD can also control the ramp-up and ramp-down of the motor during start and stop. VFD is also known as variable frequency drive, adjustable speed drive, inverter AC drive, and Microdrive. VFDs are most commonly used to control fans, pumps, and compressors, accounting for 75 percent of all drives in use globally. They are commonly used in the HVAC industry.

The VFD in a VFD-equipped system adjusts the speed of one or more motors based on the system load requirements and operation schedule, resulting in significant energy savings. It is used in a wide range of industries, including oil and gas, power generation, infrastructure, and mining. These drives are now combined with software solutions that provide digital monitoring, increasing overall efficiency. ABB, the market leader, offers software solutions under the ABB Ability brand.

 

COVID-19 Impact on the Global Variable Frequency Drive Market

The COVID-19 pandemic has hampered global variable frequency drive market growth by significantly reducing demand for variable frequency drives. Governments around the world were forced to curtail business activities in order to limit the spread of the coronavirus. Furthermore, companies in various geographies were forced to close their manufacturing facilities and services as partial or full lockdowns were imposed to contain the pandemic. This resulted in higher raw material procurement costs due to supply shortages, which ultimately resulted in order closure delays. As a result, the pandemic has had a short-term negative impact on demand for variable frequency drive. 

Comments

Post a Comment

Popular posts from this blog

Future Prospects of Global Laboratory Proficiency Testing Market

Image
Laboratory Proficiency Testing Market  The global Laboratory Proficiency Testing Market is estimated to be valued at US$ 1.29 billion in 2023 and is expected to exhibit a CAGR of 7.3% over the forecast period 2023 - 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Laboratory proficiency testing involves evaluating the performance of laboratories for a given scope of testing through inter-laboratory comparisons. It helps assess the quality and competence of laboratories by determining reproducibility and accuracy of test results. Proficiency testing products are used by laboratories to determine method validity and accuracy, and improve testing processes. Market Key Trends: One of the major trends in the laboratory proficiency testing market is the growing number of accredited medical laboratories. Accreditation assures compliance with ISO 15189 and ISO/IEC 17025 standards, which require participation in proficiency testing programs. Acc...
Read more

Dental Filling material Market: Region Wise Outlook and Drive growth

Image
The term dental filling refers to the process of restoring a damaged tooth to its original shape and function. It's also used to treat tooth decay, minor tooth fractures, and other tooth damage. Dental filling materials can also be used to experiment with tooth surfaces in order to improve biting or eating. The compounds meant to interact with the oral system to treat, repair, augment, or replace a tissue function of the body are known as filling materials. Natural or synthetic filling materials are frequently made up of various components. To replace damaged or shattered tissues and tooth decay, dental filling materials such as gold, ceramics, silver, or amalgamated filling can be utilised. Dental Filling material Market: Region Wise Outlook North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa make up the worldwide dental filling material market . Over the projection period, North America will continue to dominate the worldwide dental filling ma...
Read more

Global Ophthalmoscopes Market Overview and Impact of Coronavirus (Covid-19) Pandemic

Image
Advanced product development has resulted from technological developments in the realm of disease diagnosis. New ophthalmoscopes are being developed by major manufacturers to meet an unmet need in ocular diagnostic techniques. Over the forecast period, the market is expected to rise due to an increase in product launches by key players. In Japan, for example, Nidek Co. Ltd introduced the Mirante Scanning Laser Ophthalmoscope in 2019. It's a multimodal fundus imaging platform that combines a high-definition scanning laser ophthalmoscope with optical coherence tomography. Furthermore, such new introductions are projected to drive the global ophthalmoscopes market forward.   Ophthalmoscopes Market Global Ophthalmoscopes Market - Impact of Coronavirus (Covid-19) Pandemic Since December 2019, a novel coronavirus has spread throughout China and the rest of the world, resulting in a rapid increase in confirmed cases. The disease has spread to over 100 nations and has been labelle...
Read more