The global optical metrology market is being driven by the increasing requirement for precise measurements and product assessments in the semiconductor, oil and gas, and manufacturing sectors. Generating revenue of $1,989.2 million in 2017 according to a P&S Intelligence study, the domain is expected to advance with a CAGR of 6.5% during the forecast period 2018–2023.

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Optical metrology, in this regard, provides the solution in various avatars, including 3D laser scanners that dominated the product segmentation of optical metrology market, which also includes video measuring machines and laser micrometery, with more than 70.0% revenue share in 2017.

It is a universally accepted truth that technology helps make life easier, but on the downside, it makes machines and associated components complicated. As conventional measurement techniques have proved ineffective due to the rising complexities in machines, firms have sought an answer to the riddle of exact measurements and assessments.

Coming to the global scenario, North America led the domain in the historical period 2013–2017 in terms of revenue generation, accounting for more than 30.0% market share.

Owing to the growing automotive, aerospace, and defense industries, particularly in the U.S., the adoption rate of this technology for precise measurements grew. However, the future revenue and sales CAGRs of the optical metrology market are expected be the highest in Asia-Pacific, owing to the rapidly expanding automotive industries in China and India.

Thus, it is clear that, as machines and tools keep becoming more complex, optical metrology will be used even more in the coming years.

The number of healthcare institutions is increasing because of the surging geriatric population, rising patient base, and growing prevalence of chronic diseases. As per the American Hospital Association, the number of hospitals in the U.S. was around 15,908 in 2016.

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In 2017, the global variable refrigerant flow (VRF) systems market generated a revenue of $11,400.7 million and is predicted to advance at a 13.4% CAGR during the forecast period (2018–2023). The market is growing because of the rising demand for energy-efficient heating, ventilation, and air conditioning (HVAC) systems and inclination toward state-of-the-art technology and modern controls.

A major driving factor of the VRF systems market is the growing demand for energy-efficient HVAC systems. Due to smart variable-speed compressor which runs only at a required capacity at a given temperature, VRF HVAC systems are energy-efficient in nature.

These systems allow simultaneous cooling and heating for different zones, because of which they run less frequently and at a lower capacity. In addition, VRF HVAC systems are designed to capture heat while it is cooling and reuse it in different areas that need heating.

The VRF systems market is also witnessing growth due to the rising inclination toward state-of-the-art technology and modern controls. VRF HVAC are able to control temperatures of various zones as instead of one large unit for pumping air out, they have different air handlers which can be controlled individually as per the heating and cooling requirements.

Furthermore, the small-sized air handlers do not need as much wall and ceiling space for as the traditional systems. These features make VRF systems suitable for different settings, including office spaces, luxury apartments, restaurants, and retail stores.

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A key trend in the VRF systems market is the expansion of open network compatibility of VRF control systems. Open networks help in the central management of various units by multiple manufacturers in a central air conditioning system.

The preference for VRF systems which are compatible with open networks in large buildings, where there is a need for management of other equipment along with the air conditioning systems, is growing among the users. 

The two key drivers that are leading to the growth of microcontroller market are smartphone proliferation and the expansion of the automotive industry. Microcontrollers are embedded inside devices to control the actions and features of a product, such as automobile engine control systems, implantable medical devices, remotes, office machines, home appliances, and power tools, and other embedded systems.

The rise in the awareness among consumers regarding the latest technology is leading to the rapid adoption of smartphones across the globe. The increase in the smartphone sales is also credited to the demand for low-cost 4G mobile devices in emerging markets.

The global smartphone demand is increasing at a notable rate, and this factor is projected to drive the microcontroller market during the forecast period. With mobile phone manufacturers, such as Apple, Microsoft, Samsung, Intel, Sony, Philips, Canon, and Lenovo, increasing their production, the sale of microcontrollers is growing.

In terms of end-use application, the microcontroller market is classified into consumer electronics, industrial, automotive, and others. Among these, the automotive industry held the largest share during the base year, and this category is expected to witness the fastest progress during the forecast period.

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The category is driven by the rising demand for better safety features and added functionalities in vehicles, as well as strict government policies on emissions and increase in the integration of entertainment systems. Microcontrollers improve the auto body control, motor control, and many more automobile operations.

On the basis of bit size, these electronic components are categorized into 4/8-bit, 16-bit, and 32-bit. Among these, the 32-bit category dominated the global microcontroller market in the historical period, and it is expected to continue to be the largest revenue generator during the forecast period.

The expanding food and beverages industry is the key driver of the Asia-Pacific commercial refrigeration equipment market growth. According to a P&S Intelligence study, the sale of such equipment generated a revenue of $14.3 billion in 2017, and the market is predicted to advance at a 9.3% CAGR during the forecast period (2018–2023), ultimately valuing $24.4 billion by 2023.

Commercial refrigeration equipment is extensively used at supermarkets, hypermarkets, restaurants, and shops for merchandising, retailing, and storing food items.

On the basis of equipment type, the market is categorized into beverage refrigeration, walk-in coolers, transportation refrigeration equipment, parts, display cases, ice making machineries, and other equipment. Among these, walk-in coolers led the APAC commercial refrigeration equipment market in 2017 with an over-25.0% revenue share.

The growing consumption of frozen food items and increasing number of hypermarkets/supermarkets were the primary reasons behind their dominance. While walk-in coolers will still be the largest market category during the forecast period, ice making machineries will observe the fastest growth.

The rapid growth of the ice making machineries category in APAC would be because of the increasing number of food outlets, cafes, and bars, which would drive their sales. Thus, it is clear that as the food and beverages industry develops, the APAC commercial refrigeration equipment market will also prosper.

As per reports, APAC is the second-fastest growing market for food and beverages in the world, owing to the population boom and increasing number of middle-class individuals. For example, China was home to around 430.0 million middle-class people in 2018, who are expected to number 780 million by 2020.

The growth of the middle-class population is itself a result of rapid urbanization. In China and India, more than 57.0% and 33.0% of the population, respectively, lives in urban areas, and this number is expected to increase substantially.