CCTV Lens Market Applications, Types and Market Analysis to 2022

Closed circuit television (CCTV) also known as video surveillance transmits video signals to remotely located monitors. The lenses that are used in the CCTV are either interchangeable or fixed which is further decided on the basis of aperture, focal lengths, mounting & viewing angle. The CCTV lens is different from the photographic camera lens with respect to the opening of the shutter as well as its speed. The exposure is controlled with the help of iris opening and shutter speed, however in the CCTV lens, the exposure time as well as amount of light passing is adjusted with the help of iris openings. The user specified focal length as well type of iris control needs to be taken care of while selecting the lens. Rising concerns regarding safety is one of the major drivers of the CCTV lens market. The companies, government organizations as well as households are using the CCTV for security and surveillance purpose. The government has made it mandatory for the manufacturing units, retail shops and other industries so as to maintain 24*7 surveillance and ensure security. In developed regions like North America, the rate of utilization is quiet high which makes it the fastest growing market for the CCTV lens market.

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Asia Pacific is expected to account for fastest growth over the forecast period primarily due to the growing awareness regarding CCTV lens and its advantages so as to reduce crime and miss happenings. India, China, and Japan are anticipated to witness the highest share in the region majorly owing to the rising disposable income, rising concerns of security and growing government initiatives to make the installation of CCTV in all commercial as well as domestic constructions. Owing to the CCTV installations at a large scale, there has been cost reduction. As there is no more need of park keepers, bus conductors, toilet attendants. Everything is being controlled by the machine. The CCTV is being used as a crime fighting tool by the defense sector Hence, the market of CCTV lens is expected to boom at a significant rate. Levels of violent crime, which involves rational thinking and is impulsive, haven’t gone down much in the recent years. This has proven to a major challenge which needs to be tackled strategically. However, the instrumental offences like property crime & robbery has reduced in number. Technological advancements in the CCTV industry are expected to boost the CCTV Lens market growth in the years to come.

Different techniques are used to mount the CCTV lens so as to maintain precision in the video quality. The CCTV lens market can be segmented based on end-use verticals, mounting types as well as type of lens. The lens type comprises of super wide fish-eye lens, 3CCD lens, fixed focal length lens, zoom lens, megapixel vari-focal lensand telephoto lens. The lens mount plays an important part as it helps in varying the axial distance and setting focus of the lens. It can be segmented as CS mount, C mount, D mount, F mount & manual iris. The major CCTV lens market players include Feihua Optoelectronic Technology, Fujifilm Holdings Corporation, Myutron Inc., Olympus Corporation, Samsung Electronics Co., Ltd. and Seiko Holdings Corporation.  The aforementioned market players through continuous R&D endeavors focuses in building a wide distribution network that supports the overall CCTV lens market to report significant growth over the forecast period. Companies through strategic expansions and mergers & acquisitions, have been trying to cater large volume of customers with steel couplings that are cost-effective and high quality. The CCTV Lens market report covers each aspect of the global market for CCTV lens, beginning from the basic market information and progressing further to several significant criteria, based on which, the sector is segmented. Key application areas of the CCTV Lens market are also evaluated on the basis of their performance.

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Transformer Monitoring Market : Applications, Types and Market Analysis to 2022

The Global Transformer Monitoring market is expected to grow at a CAGR of 45 percent from 2016 to 2024. Growing demand for electricity across the world is expected to be the major driving factor for the market growth. Transformer monitoring is carried out to diagnose and monitor the efficiency of the device. Monitoring and controlling these devices helps the end users to identify and detect failures in these devices thus saving additional costs including repairing and replacement cost. Emerging economies are expected to witness high demand for owing to increasing consumption of electricity.  The increasing incidences of electricity and power outages are expected to propel the market demand for transformer monitoring systems over the forecast period. Increasing Manufacturing industries require constant power supply to their facilities in order to carry out their production processes effectively. Therefore, power breakdown is considered to be a major challenge to these industries that may lead to high overhead and additional cost.

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Transformers are used to increase or decrease the alternating voltages in electric power applications transferring power from one circuit to another thus these devices play a major role in large facilities that require high power and voltage. They provide appropriate voltages to other devices thus avoiding power outages. Subsequently, the need for transformer monitoring structure is constantly increasing as they help and provide power utilities and industries to constantly update on the transformer's behavior and condition to help in identifying and rectifying any problem at the earliest. Many utilities in the U.S. are expected to adopt advanced transformer technologies over the forecast period to increase distribution efficiency and reliability coupled with operating cost and customer service. Increasing intelligent transformers is also anticipated to play a major role in assisting other smart grid applications including monitoring, power quality, improved outage detection, theft reduction, and closed-loop volt/VAR control.

The need for upgrading and replacement of aging transformers is one of the major drivers for the market. These factors are expected to steer the transformer monitoring market demand. Transformers play an important role in transporting power to distribution devices for commercial establishments, industrial facilities, and homes. Unexpected damage or failure in aging transformers is anticipated to witness serious repercussions resulting in loss of power ranging between few minutes to long hours. Augmented monitoring of distribution transformers is anticipated to be one of the key trends upcoming in the market. Many power utility companies have started spending on secondary transformer monitors, that are used to monitor vault, pad-mounted and pole-mounted, distribution transformers. Absence of awareness in transformer monitoring solutions is expected to be one of the key challenges in the global market. The end-users including industries and power utilities may not be having the knowledge regarding the benefits and use of these monitoring solutions.

The Global Transformer Monitoring Solutions market has also been witnessing the development of smart transformer monitoring systems. However, the high price of transformer monitoring systems could pose a challenge to the growth of this market. On the basis of application, the global market has been segmented into distribution and power transformers. Distribution segment are expected to have the largest market share owing to higher number of distribution systems compared to power systems. Service or a distribution transformer provides the voltage transformation in electric power distribution system, by stepping down the voltage as per the customer requirements from the amount of voltage that has been used in distribution lines. Asia Pacific transformer monitoring market is expected to hold the largest market share in the global and is estimated to account for about 44% of the total revenue generated by the global transformer monitoring market over the forecast period. Increasing population in emerging economies including China and India is expected to steer the demand for efficient electricity supply, thereby increasing the need for enhanced monitoring systems.

Growing manufacturing facilities and industries in countries including China, U.S, Brussels, South Korea, Japan Germany and India as technology continues to advance exponentially, thereby increasing the demand for enhanced products and devices is consequently expected to steer the transformer monitoring market Many power utilities are developing their production by incorporating efficient monitoring solutions into their prevailing transformers Key vendors in the transformer monitoring market are Alstom SA, ABB Ltd., Schneider Electric, Siemens AG and GE Co. Other industry participants include Eaton Corp., Advanced Power Technologies LLC, Cooper Power Systems Inc., BPL Global Ltd., Dynamic Ratings Inc., Elster Group SE, Echelon Corp., XD Group, Hyundai heavy industries Co. Ltd, Tebian Electric Apparatus Stock Co, Mitsubishi Electric Corp and Crompton Greaves Ltd. In 2013, GE power systems acquired U.S. based SYPTOTEC that manufactures and supplies services to manage and monitor oil filled power transformers to increase reliability and reduce outages. This acquisition has been initiated to enhance and integrate GE substation automation and also to expand its portfolio globally.

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