About Versatile Power
Versatile Power is a Campbell, California-based provider of radio frequency (RF) and programmable power supplies for medical and industrial applications.On January 8, 2021, Versatile Power was acquired by Advanced Energy. The terms of the transaction were not disclosed.
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Latest Versatile Power News
Jul 28, 2022
Manufacturing Disruptions Impeded Growth Prospect The onslaught of the COVID-19 pandemic did not augur well for the industrial and commercial sectors as they observed considerable disruptions. Leading companies observed a plunge in growth across emerging and advanced economies. The COVID-19 outbreak had a major influence on manufacturing operations, hampering the research and development and supply chain activities. Meanwhile, the next few years will potentially witness profound investments in technological advancements. Segments Infrared Pyrometer to Gain Traction with Rising Footfall of Glass Temperature Measurement On the basis of type, the market is segregated into optical and infrared. The infrared segment will account for a notable share of the global market due to surging demand for glass temperature measurement. Metal Processing to Remain Dominant Due to Surging Demand from Automotive and Construction Sectors With respect to application, the market is segregated into ceramics, glass, metal processing, and others. The metal processing segment could observe a significant CAGR during the forecast period, largely due to heightened demand from the automotive and construction sectors. Pyrometer equipment will gain further traction with rising demand for autonomous and strong temperature measuring capabilities. Browse Summary of this Research Report: Report Coverage The report offers a comprehensive perspective of the market size, share, revenue, and volume. It has also delved into Porter’s Five Force Analysis and SWOT analysis. Quantitative and qualitative assessments have provided a holistic view of the market. The primary interviews validate assumptions, findings, and the prevailing business scenarios. The report also includes secondary resources such as annual reports, press releases, white papers, and journals. Drivers and Restraints Strong Demand from Glass Industry to Trigger Investments The handheld pyrometer market growth will witness a notable gain on the back of surging demand for fiberglass, float glass, and technical glass. Leading players will boost investments in portable pyrometers to monitor the temperature. Industry participants will potentially expand their footfall across North America, Europe, and Asia Pacific. For instance, Italy has become a favorable investment hub for glass manufacturers. Governments have implemented robust policies. Prominently, the expanding penetration of Industry 4.0 in the manufacturing sector will bode well for major companies gearing to expand their footprint. Stakeholders expect handheld pyrometer to be highly sought-after to simplify processes and bolster efficiency. However, high manufacturing costs and lack of raw materials could impede the industry growth over the next few years. Handheld Pyrometer Market: Report Scope & Segmentation: Report Attribute North America to Witness Investment Galore in Metal Processing Stakeholders envisage North America to provide lucrative opportunities as companies spurred their strategies to overcome the COVID-19 challenges. Well-established and emerging players have infused funds into ceramics and metal processing to expand footfall across the U.S. and Canada. Bullish investments in aerospace & defense and automotive sectors will remain pivotal in driving the regional growth. The Asia Pacific handheld pyrometer market share will observe a significant growth on the heels of bullish demand for steel across Australia, India, Japan, and China. Besides, ceramic products and glassware have become trendier across emerging economies. An uptick in steel production and glass manufacturing will reshape the industry dynamics in the ensuing period. The Europe market outlook will be robust in the wake of strong investments in food & beverage, automotive, and building industries. Major players will continue to infuse funds into glass, ceramics, and metal processing to boost penetration across the U.K., France, Germany, and Italy. Besides, the rising footprint of gas turbine engines will encourage leading companies to inject funds into the landscape. Competitive Landscape Major Players Prioritize Mergers & Acquisitions to Boost Footprint Prominent players could inject funds into mergers & acquisitions, product rollouts, technological advancements, and R&D activities. Besides, major companies could invest in innovations and product offerings in the ensuing period. Key Industry Development January 2021 - Advanced Energy announced the acquisition of Versatile Power Inc. and has reportedly added RF and programmable power supplies to boost its presence in medical and industrial applications. Quick Buy - Handheld Pyrometer Market:
Versatile Power Frequently Asked Questions (FAQ)
Where is Versatile Power's headquarters?
Versatile Power's headquarters is located at 743 Camden Avenue, Campbell.
What is Versatile Power's latest funding round?
Versatile Power's latest funding round is Acquired.
Who are the investors of Versatile Power?
Investors of Versatile Power include Advanced Energy.
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