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CORD & CABLE REELS MARKET ANALYSIS(2020-2027)
In 2018, the cord and cable reels market generated revenue of US$ 6,404.0 Mn and is expected grow at a CAGR of 5.1% over the forecast period from 2019 to 2027.
A cord and cable reel is a product used to carry various types of electrical wires. Cable reels are drum shaped and are in wood, plastic, plywood, or steel. Cable reels are suitable for use in residential, commercial, and industrial applications. Cable and cord reels keep hoses and cables organized and off the ground for safer, more efficient worksite or plant environment.
Cable reels are either spring loaded, motorized or manual. Manufacturers in the market are focused on offering cable reels for flexible installation. Custom-engineered cable reels for high speed and heavy duty applications are trending in the market. Cord and cable reels help save space, reduce maintenance cost, and enhance safety at warehouses, manufacturing facilities, and in other applications. These features are expected to drive demand for cord and cable reels over the forecast period. In residential environment, cable reels are used in home improvement applications. For instance, Schneider Electric offers small and compact cable reels for residential applications. Industrial application segment held the dominant share in the global cord and cable reels market in 2018. The industrial applications of cable and cord reels include power or fluid supply, moving equipment and tools, battery charging for electric cars, and providing workstation-level support to industry and assembly workers. Furthermore, cable reels are an ideal power delivery solution for crane and hoist applications, including overhead cranes, monorails and magnet cranes as well as marine terminal applications such as ship-to-shore cranes. Increasing demand from these applications is expected to drive growth of the industrial segment over the forecast period.
Factors Driving Growth of the Global Cord and Cable Reels Market:
Increasing demand for cord and cable reels in various industrial and commercial applications is fuelling growth of the cord and cable reels market. Rising awareness regarding safety in commercial environment is one of the key factors aiding in growth of cord and cable reels. Cable reels are used in fire safety equipment and trucks. Electric cable reels are used to keep fire apparatus batteries charged. For instance, Hannay Reels Inc. manufactures cable reels which allow continuous current during cable payout and rewind. Companies such as Brennenstuhl GmbH offer building-site cable reels which are specially certified for the requirements and use on building sites. Companies such as Hunter Spring Products offer DuraReel medical cord reels specifically for medical applications. DuraReel medical cord reels are manufactured with an antimicrobial additive to safeguard the cord reel from odor, mildew, and mold. Cavotec offers electrical power and spreader cable reels for ship-to-shore (STS) container cranes. Companies such as HWG offers hot water reels for hot water wash-down in food preparation areas.
Moreover, cord and cable reels are widely used in various industrial applications such as food and beverages, wastewater treatment, and power distribution, etc. Such diverse applications of cord and cable reels in commercial and industrial sectors is driving the market growth.
Furthermore, the National Electrical Manufacturers Association (NEMA) in U.S., the electrical safety committee, established certain standards under NEMA-3 and NEMA-4, which mandates the adoption of cable reels in industrial applications. These factors are expected to drive demand for cord and cable reels in the industrial sector over the forecast period.
Global Cord and Cable Reels Market: Regional Insights:
On the basis of region, the cord and cable reels market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Asia Pacific is expected to be the dominant region in the global cord and cable reels market over the forecast period, exhibiting a CAGR of 6.2% from 2019 to 2027. The growth of this region is attributed to increasing demand from industrial applications in countries such as China and India. Key players in the market are focused on expanding their product portfolio to meet diverse application requirements owing to significant demand from the region. The demand for cable reels is also driven by increasing investments in construction projects across the region.
Market Developments:
In April 2019, Reelcraft launched new Series 3000 reels for a wide range of bench mount or mobile applications with critical space requirements.
In May 2019, Hubbell launched new inREACH mounting bracket specifically designed to enhance installation efficiency of cord reels.
In September 2018, Legrand released new series of Pass & Seymour Cable Reels as an addition to its industrial product line. The cable reels varieties include, the 1000 Series, the 1200 Series, the 1400 Series, and the Static Discharge Reels.
In 2018, Cavotec supplied cable reels to Chinese crane manufacturer, ZPMC, at Port of Tanjung Pelepas (PTP) in Malaysia. Cavotec supplied eight electrical power reels with drums measuring 6.4m, and eight spreader reels with a maximum lifting distance of 73.5 m.
In January 2019, Reelcraft launched new Series LG Cord Reels. The reel is offered with 65 ft of 12/3 cord or 75 ft of 14/3 cord. The light cord reel features a 1300 Lumen LED light, a grounded 12 A outlet and an on/off switch.
Prominent players in the market include Schneider Electric SE, United Equipment Accessories, Eaton Corporation, Emerson Electric Co., Legrand North America, LLC., TE Connectivity, Cavotec SA, Reelcraft Industries, Delachaux Group (Conductix-Wampfler), DEMAC, Hubbell, SCAME PARRE S.p.A., Nederman Holding AB, and Others.
Global Cord and Cable Reels Market: Taxonomy
Global Cord and Cable Reels Market by Type:
Spring Loaded Cord and Cable Reels
Motorized Cord and Cable Reels
Manual Cord and Cable Reel
Global Cord and Cable Reels Market by Application:
Residential
Commercial
Industrial
Global Cord and Cable Reels Market by Region:
North America
Europe
Asia Pacific
Latin America
Middle East
Africa
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Source:
https://www.coherentmarketinsights.com/ongoing-insight/cord-and-cable-reels-market-3427
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EDGE EMITTING LASER MARKET ANALYSIS (2020-2027)
Edge emitting laser is a type of semiconductor laser where the laser light is propagating parallel to the wafer surface of the semiconductor chip and is reflected out at a cleaved edge. There are wide variety of laser types available, including diode lasers, fiber lasers, diode-pumped solid-state lasers (DPSSLs), CO2 lasers, and excimer lasers. Edge emitting lasers can be used as direct lasers or coupled with optical fibers or crystals to make fiber lasers or DPSSLs. Key applications of edge emitting lasers include optical communications, material processing, displays, and others.
Factors driving growth of edge emitting laser market
Increasing use of optical fiber communication is the major factor that is expected to drive the growth of edge emitting laser market over the forecast period. Optical communication segment is expected to exhibit significant market share over the forecast period, owing to increasing information traffic due to internet, e-commerce, computer networks, multimedia, voice, and video. Edge emitting laser light is used for optical fiber communication as it is single wavelength which will produce laser beam and is less powerful. Edge emitting laser light produces powerful beam and helps in transmitting more laser light signals, consuming less time, and bandwidth. With proliferation of Internet-of-things (IOT), all the devices will be connected to the internet, which needs good communication and high speed. This will further drive growth of edge emitting laser market.
Edge emitting lasers are also used for the treatment of cancers. For instance, in neurosurgery, laser interstitial thermal therapy (LITT) is a preferred treatment option for patients who are not ideal surgical candidates. Edge emitting lasers have become increasingly safe to use and have been successfully applied for the treatment of tumors such as meningioma, tumors of the deep skull base, and tumors deep in the ventricles. Increasing use of edge emitting laser in medical applications will fuel the market growth over the forecast period.
Moreover, one of the major application of edge emitting laser is in instrumentation and sensors. These are used in smartphones for 3D sensing applications. In 2017, Apple Inc. started incorporating more edge emitting lasers in its phones for uses including a face unlocking feature called Face ID.
However, vertical cavity surface emitting lasers (VCSELs) produces higher beam quality as compared to edge emitting laser. The testing for VCSELs is much simpler than edge emitting laser. Therefore, use of vertical cavity surface emitting lasers could be a restraining factor for growth of the market.
Regional analysis of edge emitting laser market
On the basis of the region, edge emitting laser market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Among regions, North America is expected to account for the largest market share over the forecast period, owing to presence of key players in the region such as Lumentum Operations LLC, and Adtech Optics.
Key players in edge emitting laser market
Key players operating in the edge emitting market include Lumentum Operations LLC, Adtech Optics, Inc., Inphenics Inc., Nanoplus Nanosystems and Technologies GmbH, RPMC Lasers Inc., Frankfurt Laser Company, Innolume GmbH., II-VI Inc., Hai Tec Engineering Co., RMI Laser LLC, and LNA Laser Technology.
Segmentation of edge emitting laser market
Edge emitting laser market is segmented on the basis of product type, industry, application and region.
On the basis of product type, the market is segmented into:
On the basis of industry, the market is segmented into:
On the basis of application, the market is segmented into:
On the basis of region, the market is segmented into:
Distributed Feedback Laser
Distributed Bragg Reflector Laser
Febry Perot Laser
Broad Area Laser Diode
Defense & Sensing
Medical & Life Sciences
Optics & Photonic
Electronics
Oil & Gas
Others
Optical Communication
Material Processing
Medical Surgery
Displays
Research and Development
Others
North America
Europe
Asia Pacific
Latin America
Middle East
Africa
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Phone: +1-206-701-6702
Email: [email protected]
Source:
https://www.coherentmarketinsights.com/ongoing-insight/edge-emitting-laser-market-3423
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TEAK FURNITURE MARKET ANALYSIS (2020-2027)
Teak (Tactona grandis) is one of the most valuable quality timber known for its mellow color and durability. Teak has high oil content and is known for its stability. It is used for indoor and outdoor furniture, boat decks, countertops, etc. Teak majorly grows in countries such as India, Indonesia, Malaysia, Sri Lanka and Myanmar. Hence, the demand of teak furniture is highest in these developing countries. Furthermore, increasing use of online sales platforms for buying furniture further fuels the demand for teak furniture market. Pepperfry, FabFurnish, and Urban Ladder are some of the popular online platforms for buying furniture in India.
Factors driving of growth of teak furniture market
Growth in disposable income of the people and recovery of the residential housing sector are the major driving factors for growth of teak furniture market. The overall demand for furniture has increased among urban households, as people in urban areas furnish their homes to increase comfort. For instance, disposable personal income in Thailand increased to US$ 586,575.6 million in 2017 from US$ 253,848.24 million in 2016.
In commercial segment, teak furniture market has applications in hotels, resorts, etc. Usage of teak furniture is increasing in the commercial sector, as the demand for aesthetically appealing and quality furniture is increasing in commercial spaces. This is expected to drive growth of the commercial segment in the market, registering a CAGR of 6.2% over the forecast period.
However, price of teak wood furniture is high as compared to the price of plywood. This is expected to be the major factor restraining the market growth.
Regional analysis of teak furniture market
On the basis of the region, teak furniture market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Among regions, Asia Pacific region is expected to account for the largest market share over the forecast period. The growth of this region is attributed to increasing demand from residential sectors in countries such as China and India. Consumers are preferring luxurious furniture for their home decor due to rising disposable income. For instance, in China, according to National Bureau of Statistics (NBS), rural and urban disposable income reached US$ 5,658.45 from US$ 2,107.2 in 2018.
Key players in teak furniture market
Key players operating in the teak furniture market include, Waifair LLC., Westminster Teak, Inc., Polyteak, Bajanusa Furniture, Frontgate, Gloster Furniture GMBH, Nusantara Teak, Teak Heirlooms, Raft Furniture, Wihardja, Artisera, Teak & Mahogany, Dania Furniture, Danish Teak Classics, Casateak Teak wood furniture, Teak Vogue Sdn Bhd, CV.Jepara Crafter Furniture, Wisanka Indonesia, Kalingga Jati Furniture, Republic Furniture Group, and Cv. Raisa House Indonesia.
Taxonomy of Teak Furniture Market
Teak furniture market is segmented on the basis of furniture type, product type, distribution channel, end users, and region
On the basis of furniture type, the market is segmented into:
On the basis of product type, the market is segmented into:
On the basis of distribution channel, the market is segmented into:
On the basis of end user, the market is segmented into:
On the basis of region, the market is segmented into:
Indoor Teak Furniture
Outdoor Teak Furniture
Bed & Bedside Tables
Sofa Sets
Storage
Tables & Chairs
Dining Table Sets
Parasols & Loungers
Patio Furniture
Others (Benches & Barstools, etc.)
Wardrobes & Drawers
Bookcases
Cabinets
Chest
TV Stand
Shelves & Storage
Sideboards
Online Stores
Departmental Stores
Independent Furniture Retailers
Factory Outlets
Residential
Commercial
North America
Europe
Asia Pacific
Latin America
Middle East
Africa
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Source:
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AUTOMATED ICE GLAZING MACHINE MARKET ANALYSIS (2020-2027)
Ice glazing is a process of applying a protective layer over chicken and fish to preserve them from dehydration and oxidization during cold storage. Moreover, automated ice glazing machines are also used to preserve quick-frozen vegetables, meat balls among others. Automated ice glazing machines use majorly two process for ice glazing, which are dipping and spraying. In spraying method, the fish or meat is placed on the machine and cold water is sprayed on the products. Continuous spraying of cold water creates a thin layer of ice over the product and then these products are stored. Growing demand from frozen products is expected to drive the market growth of global automated ice glazing machine over the forecast period. For instance, according to the research report published by American Frozen Food Institute (AFFI) and Food Marketing Institute (FMI), in 2018, the total retail food sales in the U.S. was valued at US$ 57 billion.
Driving Factors for Growth of Automated Ice Glazing Machine Market
Rising seafood consumption is the major factor that is expected to drive growth of ice glazing machine market over the forecast period. For Instance according to report published by Food and Agriculture Organization, in 2018, the fish consumption in developing countries is predicted to increase by 54% from 65 million tons to 96 million tons in 2021. Increased consumption is due to perceived health benefits from regular consumption of fish which reducing risk of heart diseases and dementia. Emerging countries such as China tops the global seafood trade, and the flow of seafood exports from emerging countries to developed countries has been increasing. In value, 67% of fishery exports by developing countries are now directed to develop countries, according to report published by Food and Agriculture Organization in 2018.
Regional analysis of automated ice glazing machine market
On the basis of the region, the global automated ice glazing machine market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.
Asia Pacific region is estimated to hold a dominant position in the global automated ice glazing machine market in 2019, owing to high presence of key players in the region such as Hebei NRK Mesh Conveyor Co. Ltd., Zhengzhou LONGER Machinery Co., Ltd., and Shaoxing Shangyu Chenhao Trading Co.
Moreover, North America is expected to be the fastest growing region in the global automated ice glazing machine market. This is owing to growing consumption of fish in the U.S. For instance, according to report published by Food and Agriculture Organization in 2018, the U.S. imported around US$ 20,547 Mn fish and fish products. Considering the above factor, the market for automated ice glazing machine in the North America is expected to grow during the forecasted period.
Key Players in Automated Ice Glazing Machine Market
Key players operating in ice glazing machine market include Zhengda Food Machinery Co. Ltd, Hebei NRK Mesh Conveyor Co. Ltd., Zhengzhou Bogen Machinery Equipment Co., Ltd., KM Fish Machinery A/S, Skaginn 3X, Shaoxing Shangyu Chenhao Trading Co., Ltd., Tianjin Hitrees Machinery Equipment Co., Ltd., Shanghai Heyday Industrial Development Co., Ltd, Henan Gelgoog Machinery CO LTD, Uni-Food Technic A/S, and Zhengzhou LONGER Machinery Co., Ltd.
Segmentation of automated ice glazing machine market
Automated ice glazing machine market is segmented on the basis of type, application, and region.
On The Basis Of Type, The Market Is Segmented Into:
On The Basis Of Application, The Market Is Segmented Into:
On The Basis Of Region, The Market Is Segmented Into:
1T/H
1-3T/H
Over 3T/H
Catering
Food Processing Plant
Others
North America
Europe
Asia Pacific
Latin America
Middle East
Africa
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Email: [email protected]
Source:
https://www.coherentmarketinsights.com/ongoing-insight/automated-ice-glazing-machine-market-3421
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MOBILE TICKETING MARKET ANALYSIS (2020-2027)
Market Overview
Mobile ticketing refers to a process through which customers can order, pay for, validate or obtain tickets using mobile phones or other mobile handsets without the need for a physical ticket. A mobile ticket contains unique ticket verification code (QR code). Many event-organizing groups choose to sell tickets via smartphone, in order to enhance convenience and accessibility. Mobile ticketing can reduce the production and distribution costs associated with conventional paper-based ticketing channels and enhance consumer convenience by providing a sophisticated way of purchasing tickets. Mobile tickets can be purchased in a variety of ways including online, via text messaging or over the phone from a voice call, WAP page, or a secure mobile application. For repeated purchases such as daily train tickets, mobile applications or text messaging can be used.
The global mobile ticketing market was valued at US$ 1,234.6 Mn in terms of value in 2019 and is expected to grow at a CAGR of 20.5% during the forecast period.
Market Dynamics- Drivers
Growing adoption of smartphones by end users is expected to drive growth of the global mobile ticketing market during the forecast period
Rising penetration of internet has increased adoption of smartphones globally. Moreover, presence of multiple smartphone manufactures worldwide has decreased the prices of smartphones significantly in the recent past. This, in turn, has led to consumers shifting from ordinary feature phones to smartphones. Mobile ticketing applications can easily be installed and operated in smartphones, which has enhanced the ticket purchasing experience. According to the 2018 UK Digital Market Overview report, around 78% of adults in the U.K. own a smartphone. Hence, these factors are expected to support growth of the global mobile ticketing market during the forecast period.
Growing need to make ticket booking anytime, anywhere is expected to propel the global mobile ticketing market over the forecast period
Constantly busy schedule of individuals with lack of sufficient time for physical travel to a ticket booking station has increased the adoption of mobile ticketing. Moreover, increasing urbanization has resulted in numerous companies providing an online portal for ticket booking via internet in the efforts to digitally transform operations. Companies are partnering with ticketing agents to create online portals for consumers for easy login, in order to provide enhance accessibility and efficiency for customers. This, in turn, is expected to accelerate the global mobile ticketing market growth over the forecast period.
North America region dominated the global xyz market in 2019, accounting for 33.5% share in terms of volume, followed by Western Europe and Latin America, respectively
Source: Coherent Market Insights
Market Dynamics- Restraints
Lack of robust internet connection is expected to restrain growth of the global mobile ticketing market during the forecast period
Mobile ticketing system requires seamless and uninterrupted internet connectivity for the completion of entire booking process. However, in many regions, especially in emerging economies, internet connectivity is relative poor or non-existent in some areas. Due to this, ticket vendors in such areas are unable to reach out to a considerably large consumer base, which in turn, is expected to restrain the global mobile ticketing market during the forecast period.
Low awareness regarding usage of mobile ticketing apps is expected to hinder the global mobile ticketing market during the forecast period
Another major factor hindering the market growth is low awareness regarding benefits of ticketing apps among populace. Moreover, a large volume of consumers is reluctant to use ticketing apps due to perception that their private information such as bank details may get stolen or misused if provided. Many smartphone manufacturers are offering preinstalled ticketing apps. However, process of registering and providing personal information to book a ticket is complex and time-consuming. This, in turn, is expected to hamper the global mobile ticketing market over the forecast period.
Market Opportunities
Supportive initiatives by governments for cashless economy are expected to present major business opportunities
Mobile ticketing applications use online transaction through the user’s respective linked bank. This allows users to make payments without withdrawing cash from a bank or ATM. This mode of payment is gaining traction rapidly and is supported by governments of various countries to endorse cashless economies. Therefore, promotion of ticketing apps is expected to present major business opportunities for ticket vendors during the forecast period.
Mobile ticketing apps for sports and concerts to create significant growth opportunity in the near future
Sports and concerts organizers can use mobile ticketing apps to provide convenient and sophisticated ticket booking, in order to drive their ticket sales revenue. These organizers can provide lucrative offers to consumers on ticket booking where they can book ticket from anywhere. Moreover, it reduces time required for booking, paperwork, human errors, and enhance accessibility. Therefore, adoption of mobile ticketing apps is expected to create major growth opportunities in the near future.
Source: Coherent Market Insights
Market Trends
Incorporation of mobile ticketing for public transportation is a major trend in the market
Since mobile ticketing apps are gaining traction rapidly, local authorities are integrating them with public transportation vertical. In fact, various countries in developed regions such as North America and Europe have launched smart city projects, which include mobile ticketing for transportation. These applications have made transportation sophisticated and easy for citizens to travel on trains or busses. This trend is expected to continue during the forecast period.
Mobile ticketing through SMS is another major trend in the market
Various mobile ticketing service providers have started offering ticketing service via SMS. This mode does not require internet connection, which is why it has started gaining popularity, especially in developed countries. Moreover, this trend is encouraging many mobile ticketing vendors to offer SMS mobile ticketing platforms due to gradual popularity and success of this ticketing method.
Value Chain Analysis
Competitive Section
Key players involved in global mobile ticketing market are AEP Ticketing Solutions Srl, Rapidsoft Systems, Inc., Masabi Ltd, moovel Group GmbH, Gemalto N.V., Scheidt & Bachmann GmbH, ShowClix Inc., inmodo AB, Digital Management, Inc., and Margento B.V.
Key Developments
Key companies in the market are focused on product launches, in order to expand their product portfolio. For instance, in January 2017, Masabi Ltd. introduced JustRide Express platform for small and mid-sized transit agencies and private operators to enable Customers to purchase and display tickets quickly and securely on their smartphones.
Major companies in the market are involved in product launches, in order enhance their product portfolio. For instance, in April 2017, ShowClix Inc. introduced its digital assistant that acts as an always-connected digital assistant by monitoring and responding to events in real time with its rules-based technology.
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Email: [email protected]
Source:
https://www.coherentmarketinsights.com/market-insight/mobile-ticketing-market-3419
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TELEMETRY FOR WATER NETWORKS MARKET ANALYSIS (2020-2027)
Market Overview
Telemetry is the collection of data at remote or inaccessible locations and then data is automatically transmitted to a centralized location for monitoring. Telemetry is used for water networks. Water is a basic need for human beings and it needs to be treated before it is consumed or used in day to day life. This treatment process is done in various steps including coagulation and flocculation, sedimentation, filtration, and disinfection. These processes are separately carried out at different locations and monitoring of these processes becomes difficult. This is resulting in increasing adoption of telemetry for water network, which is expected to drive growth of the market over the forecast period. Moreover, water treatment is necessary when used water needs to be send back to water resources. This process is now becoming automated due to demanding quality, productivity, and environmental restrains for water recycling. The processes in telemetry for water networks include automatic meter reading (AMR), leak detection in pipelines, ground level monitoring, surveillance of equipment, and others. Telemetry for water network is divided into three parts, centralized control, links, and local control-monitoring.
The global telemetry for water networks market is expected to exhibit a CAGR of 11.4% during the forecast period (2019-2027)
Market Dynamics- Drivers
The increasing development in software and its easy integration into network is expected to drive growth of the global telemetry for water networks market
Telemetry is a combination of various sensing devices and software to monitor and manage the system or process. Telemetry software is the most important part of telemetry systems. The software are used to communicate between the sensing devices and human operators. Telemetry companies are providing software that are easy to install and operate. These software does not require trained personnel for the operation of it. It can be used by a field engineer or technician with some extent of training. Furthermore, these software can easily be integrated with existing system, with some degree of change in hardware. These factors are increasing the adoption of telemetry for water networks, globally.
Europe region held a dominant position in the global telemetry for water networks market in 2018. However, Asia Pacific is expected to be the fastest growing region in global telemetry for water networks market driven by increasing adoption in countries such as India.
Figure 1. Global Telemetry for Water Networks Market Share (%), by Region (2018)
Source: Coherent Market Insights
Market Restraints
High initial price for installation of telemetry system is expected to restrain growth of the global telemetry for water networks market over the forecast period
Although telemetry for water networks provide long term cost saving, initial cost of telemetry installation is high. The cost includes cost of various sensors, equipment, software, and primary expenses. Moreover, telemetry installation is a time consuming and labor intensive process. Also, installation of a new telemetry system may hamper the current working of plant and distribution system. These factors are expected to hamper growth of the global telemetry for water networks market over the forecast period.
Market Opportunities
An increasing number of natural disasters and adoption of telemetry devices to prevent these disasters are expected to create lucrative growth opportunities for players in the global telemetry for water networks market
The government bodies are deploying telemetry systems in all the rivers to collect and manage. These telemetry devices provide data such as water level, water flow, weather condition, water condition, and others. The data collected from telemetry will help the government bodies to make decision regarding flood condition and other disasters. For instance, Environment Agency (EA), the U.K.’s government body, installed 5,500 telemetry outstations, ranging from simple river gauge to complex control structure and pumping stations. These systems can be integrated with flood information systems, which would help the Environmental Agency to take decisions to prevent potential flooding condition.
Market Trend:
The increasing investments in solar products for telemetry for water network system is a major trend in the market
Various companies are investing in solar devices to power the telemetry systems. Latest telemetry systems are more efficient and require relatively small amount of power to record and transmit data. These systems are standalone systems, which can be used in remote areas. For instance, In-Situ Inc., a U.S.-based environmental, aquaculture, and industrial water-monitoring equipment company, provides Cube 300S Telemetry System, which can be used for well water detection and monitoring, and can work as a standalone system.
Key Takeaways –
North America is expected to account for the largest market share in the global telemetry for water networks market, owing to presence of prominent market players such as Scadata Inc., Lindsay Corporation, In-Situ Inc., Dfa-Inc., Silver Bullet Water Treatment Company, LLC, Watch Technologies, Propump And Controls, Inc., Xylem Inc., Eureka Water Probes, High Tide Technologies, and others in the region
Moreover, Europe is expected to witness significant growth in the market, owing to increasing installation of telemetry for water networks in the region
Competitive Landscape
Key companies operating in the global telemetry for water networks market include Schneider Electric SE, Construserv Group, QLD Windmill and Solar, Lindsay Corporation, In-Situ Inc., Dfa-Inc., Silver Bullet Water Treatment Company, LLC. Watch Technologies, Powelectrics, PROPUMP AND CONTROLS, INC., Xylem Inc., Gussmann Technologies, Electrosense Technologies Pty. Ltd, Eureka Water Probe, High Tide Technologies, D?r Cymru Cyf, OTT Hydromet GmbH, LACROIX Sofrel, VAE CONTROLS, HWM-Water Ltd., Oriel Systems Limited, and others.
These market players are focusing on collaborations to launch new products and meet the increasing needs and requirements of consumers.
Key Developments
Key companies in the market are focused on partnerships, in order to gain competitive edge in the global market. For instance, in September 2016, Construserv Group, a Brazil-based company, entered into a strategic partnership with the Government of Brazil. Construserv Group implemented telemetry projects across Brazil. In this project, the company used satellites to better acquire data from remote water monitoring stations near waterways. This data was then transmitted to remote server using satellite. Key data includes recorded rainfall, water levels, flow rate, and others.
Key manufacturers are focused on product launches, in order to enhance their product portfolio. For instance, in March 2018, In-Situ Inc., a U.S.-based environmental, aquaculture, and industrial water-monitoring equipment company, launched The Aqua TROLL 500. Aqua TROLL 500 is a wireless, cost-effective monitoring device that is capable of monitoring the water surface data and sending it to the telemetry system.
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OPERATIONAL PREDICTIVE MAINTENANCE MARKET ANALYSIS (2020-2027)
Market Overview
Operational predictive maintenance refers to a practice of determining the risk of failures in an operational process. In this, predicative analytics software and services access multiple data sources in real-time, in order to identify asset failure and quality issues in product development process. Moreover, predicative analytics software evaluates failure patterns and minor variances, in order to determine the risk of failures in operational process in order to reduce or avoid future losses. In other words, this software helps in improving device and equipment uptime. Operational predictive maintenance services are comprised of integration and implementation, consulting services, and training & support. These services optimize operational processes by supporting operational departments with the help of advanced analytics software in daily business process.
The global operational predictive maintenance market was estimated to account for US$ 1,138.4 Mn in terms of value by the end of 2019
Market Dynamics- Drivers
Growing awareness regarding maintenance operation and reducing asset downtime is expected to drive growth of the global operational predictive maintenance market during the forecast period
In industrial facilities, managers are constantly focused on enhancing maintenance process at manufacturing plants and other operating ecosystems. Facility manager can prevent virtual downtime with predictive maintenance, especially when the equipment is not operating to its maximum potential Moreover, predictive maintenance system can control various types of data including temperature, energy use, output, run time, etc. to enhance decision making and operations at manufacturing plants or manufacturing units. This, in turn, is accelerating the adoption of operational predictive maintenance solutions at manufacturing facilities and thereby driving the market growth in the near future. For instance, according to Schneider Electric’s study, an operational predictive maintenance system can facilitate significant operational benefits, connected devices, helping in manufacturing facilities through its network, and monitoring facilities in order to minimize the downtime of a manufacturing plant.
Growing implementation of new technologies is expected to propel the global operational predicative maintenance market over the forecast period
Technology-based ERP software solutions are developed for enterprises for predictive maintenance and to enhance their efficiency. Numerous energy-based manufacturing plants have implemented operational predictive maintenance solution. Moreover, many public sector and manufacturing companies are rapidly implementing new technologies, in order to predict failures and reduce losses related to it. These factors are expected to boost the market growth in the near future. Furthermore, advancements in technology have made predictive maintenance cost-effective and easily available for manufacturers. Since IoT is connected to every industry including logistics, transportation, utility, automotive, manufacturing, etc. many enterprises are increasingly adopting operational predictive maintenance solutions, in order to minimize downtime and optimize efficiency by allowing key vendors to invest in the global operational predictive maintenance market for innovation in services.
North America region dominated the global operational predictive maintenance market in 2019, accounting for 42.4% share in terms of value, followed by Europe, and Asia Pacific respectively.
Source: Coherent Market Insights
Market Dynamics- Restraints
High initial cost and complexity related to software coupled with lack of skilled workers are expected to restrain growth of the global operational predictive maintenance market during the forecast period
Advancements in technology have allowed numerous vendors to offer operational predictive maintenance solutions with latest algorithms and technology. However, many of these new vendors entering the market have to sustain high initial cost. Moreover, complexity associated with software, hardware, and systems integration combined with low availability of skilled resources is major factors expected to hinder the global operational predictive maintenance market during the forecast period.
Various challenges related to data integration are expected to hamper the global operational predictive maintenance market over the forecast period
There are various challenges associated with data integration that restrict implementation of operational predictive maintenance solution in various industry verticals such as manufacturing plants, especially in emerging economies such as China, India, and others. These factors are expected to restrain growth of the global operational predictive maintenance market growth in the near future.
Market Opportunity
Advancement in cloud-based solution targeting new industries is expected to pose lucrative business opportunity for market players in the near future
Rapid adoption of cloud computing, Internet of Things, artificial intelligence, mobile devices, cognitive systems, and machine learning has provided real-time data processing, in order to provide efficient services in the shortest time possible anytime and anywhere. Moreover, there is significant demand for cloud-based analytical tools with many several key players already offering ready-to-run online services, which do not require installation. These factors are expected to present lucrative business opportunity for market players in the near future.
Growing adoption of operational predictive maintenance solutions by small and mid-sized enterprises (SMEs)
With the development of solutions with updated algorithms, the service providers are offering bundled services with solutions, which is more affordable for customers. Increasing number of key players has led to high availability of such solutions with bundled services. Moreover, SMEs are rapidly deploying such bundled services. Many market players are offering novel bundled solutions, in order to attract SMEs, which in turn, is presenting major business opportunities for market players in the region.
Source: Coherent Market Insights
Global operational predictive maintenance market, by end-user segment, public sector, automotive, manufacturing, healthcare, energy & utility, transportation, others. manufacturing sub-segment was accounted for 28.2% market share in 2019 and is expected to grow at a CAGR of 22.4% between 2019 and 2027.
Source: Coherent Market Insights
Market Trends
Partnerships and mergers and acquisitions among key market players
Key companies in the market are focused on partnerships and mergers and acquisitions, in order to enhance their market presence. For instance, in September 2016, Fluke Corporation, an electronic test tools and software providing company, acquired eMaint Enterprises LLC. In September 2016, Robert Bosch GmbH partnered with SAP SE, in order to expand their product portfolio based on IoT and Industry 4.0, and cloud technologies and software solutions.
New product launches by key market players
Key players in the market are involved in product development and launches, in order to expand their product portfolio and gain competitive advantage in the market. For instance, in April 2016, SAS Institute, Inc. introduced Viya, an analytics and visualization architecture platform for businesses, for government agencies and other organizations for a single, open, and cloud-ready architecture.
Competitive Section
Key companies in the global operational predictive maintenance market are General Electric Company, IBM Corporation, eMaint Enterprises LLC, Software AG, Schneider Electric SE, SAS Institute Inc., Rockwell Automation Inc., PTC, Inc., and Robert Bosch GmbH.
Key Developments
Major companies in the market are involved in collaborations and agreements, in order to enhance their market presence. For instance, in April 2017, GE Digital, a subsidiary of General Electric Company, collaborated with Huawei Technologies Co. Ltd. to launch Industrial Cloud-based Predictive Maintenance Solution.
Key players in the market are focused on partnerships and collaborations, in order to gain competitive advantage in the market. For instance, in August 2019, Arrow Electronics partnered with IBM Corporation and National Instruments to offer a predictive maintenance suite that facilitates data-driven operations in oil & gas plants, mines, and factories.
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PORTABLE THERMAL IMAGERS MARKET ANALYSIS (2020-2027)
Market Overview
Thermal imager is a temperature measuring instrument. Thermal imagers are also known as thermographic camera, infrared camera, and thermal imaging camera. There are two types of thermal imagers, portable and fixed. These thermal imagers are non-contact type, which means that there is no physical contact between the material, of which temperature needs to be measured, and the instrument. Thermal imagers detect the infrared energy emitted, transmitted or reflected by all materials. The device creates similar images as made by regular camera but with infrared radiation.
The global portable thermal imagers market is estimated to account for US$ 2,540.0 Mn in terms of value by the end of 2019.
Market Dynamics- Drivers
Modernization of military equipment is expected to drive the global portable thermal imagers market growth during the forecast period
Portable thermal imagers are largely used in modern military equipment for soldiers to navigate in difficult situations. Increasing incidence of terrorist attacks have compelled security forces and other agencies to upgrade their equipment. According to a report published by The Stimson Center, a U.S.-based NGO, in February 2012, an attack happened in Mumbai, India in 2008, which killed over 170 people and wounded over 300 people. After this incident, during 2009-10, the Government of India increased defense budget by 34% from previous year to upgrade the country’s defense infrastructure and military equipment. This trend of modernization of military equipment is continued in India and other countries such as China, the U.S., Russia, and others. For instance, in 2019, China increased its budget by 7% when compared to previous year from US$ 165 billion to US$ 172 billion. Therefore, modernizing of military equipment is expected to drive growth of the global portable thermal imagers market, as portable thermal imager is used in military equipment.
North America region held dominant position in the global portable thermal imagers market in 2018, accounting for 41% share in terms of value, followed by Europe, North America, Middle East & Africa, and Latin America.
Source: Coherent Market Insights
Market Dynamics- Restraints
Competitive pricing by new entrants in Asia Pacific companies is expected to restrain growth of the global portable thermal imagers market over the forecast period
Intense competition among manufacturers of portable thermal imagers is expected to restrain the market growth in the near future. The manufacturers of portable thermal imagers in China and India have easy access to cheap raw materials and labors, which allows them to produce low priced products. This, in turn, is expected to hamper the global market players significantly. Increasing functionality and performance, coupled with decreasing prices in developed economies such as North America and Europe have made it challenging for key market players to compete with manufacturers from emerging economies. This is expected to hinder the market growth over the forecast period.
High initial cost of portable thermal imagers is expected to hamper the global portable thermal imagers market growth during the forecast period
The initial cost of this equipment is much higher than the currently used contact type temperature detection instrument. Therefore, companies are hesitant in investing in portable thermal imagers. This is expected to hamper growth of the global portable thermal imagers market over the forecast period.
Market Opportunities
An increasing use of portable thermal imagers in the healthcare sector is expected to create lucrative growth opportunities to key players
Portable thermal imagers are used predominantly in the healthcare sector for determining body temperature, as body temperature is an essential indicator of people’s health. By measuring temperature using infrared camera systems, it offers few specific advantages for doctors as well for patients. There are various diseases, which can be diagnosed with the help of temperature. The portable thermal imagers are useful for detection of breast cancer at an early stage. Therefore, increasing prevalence of breast cancer is expected to result in increasing adoption of portable thermal imagers. This, in turn, is expected to create lucrative growth opportunities for the market players during the forecast period.
Increasing demand for mobile thermal imagers is expected to create lucrative growth opportunities for key players.
The advancements in technologies has enabled the production of portable thermal imagers that can be connected to Android smart phone devices. This portable mobile device is the smallest and the lightest thermal imagers available so far. Moreover, mobile type thermal imagers require significantly low energy, it is smaller in size, and operate on low voltage. These factors are expected to provide growth opportunities for key players.
The global portable thermal imagers market was valued at US$ 2,540 Mn in 2019 and is expected to reach US$ 5,210.0 Mn by 2027, at a CAGR of 9.4 % between 2019 and 2027.
Market Trends
Significant growth potential in emerging economies
The increasing industrialization in emerging economies of Eastern Europe, Latin America, and APEJ are creating lucrative environment for portable thermal imagers market. This, in turn, is expected to drive the global portable thermal imagers market growth in these regions. For instance, according to Coherent Market Insights’ analysis, Asia Pacific region is expected to witness highest CAGR during the forecast period, followed by Eastern Europe. An increasing population in Asia Pacific and Middle East & Africa is expected to boost the global portable thermal imagers market growth.
Competitive Landscape
Key players operating in the global portable thermal imagers market include Flir Systems Inc., BAE Systems PLC, Thales Group, Safran Electronics and Defense, Elbit Systems Ltd., Seek Thermal Inc., Fluke Corporation, American Technologies Network Corporation, Thermoteknix Systems Ltd., Raytheon Company, Leonardo DRS , OMEGA Engineering Inc., Visma Instruments and Technologies Pvt. Ltd., and others.
Key Developments
Key players in the market are focused on adopting strategies such as product launch, in order to gain competitive edge in the market. For instance, in May 2017, Caterpillar Inc., a U.S.-based construction machinery and equipment company, entered into a strategic partnership with FLIR Systems, Inc., a U.S.-based company, to launch new smart phone device Cat S60 and S61. These smartphones are equipped with portable thermal imagers and works on android software.
Key companies in the market are involved in product development, in order to expand their product portfolio. In February 2018, FLIR Systems Inc. launched the FLIR M232 marine thermal night vision camera that belongs to the FLIR M100 and M200 series.
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