Environment monitoring system controls and monitors the environmental state during and after any industrial operation

November 18, 2020 - Global Environmental Monitoring System Market is estimated to grow considerably in the coming years due to increase in government initiatives for the promotion of green environment. Environment monitoring system controls and monitors the environmental state during and after any industrial operation. It records the progress of the directed environmental objective and minimizes the growing number of environmental issues. It is integrated with technologies that monitor various activities like land contamination, clean air, waste management, water discharges, ozone depleting materials, resource optimization, recycling and others.

Environmental monitoring system market is driven by growing environmental protection initiatives by SMEs on the global scale, increasing initiatives for the development of eco-friendly industries, and reduction in export tariff prices on environmental technologies in the developed economies. Moreover, rise in government funding for the prevention and control of pollution, growing number of policies for reducing air, water, and soil pollution and ever-increasing global population are also propelling the environmental monitoring system market. However, slow adoption of pollution control policies, trade barriers on environmental technologies in the emerging economies and the significant cost of environmental monitoring systems is hindering the market growth.

In-Depth research report on Environmental Monitoring System market:
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Manufacturers are increasingly focusing on the monitoring of air quality in particular areas to reduce the health issues in the regions. Integration of nanotechnology in the environmental monitoring systems and growing oil and gas industry is expected to offer opportunities to the market.

Environmental monitoring system market is categorized on the basis of product, sampling techniques, application, end user, and geography.

Based on the product type, market is divided into environmental monitoring software, environmental sensors, and environmental monitors. Environmental sensors are also split based on architecture; digital sensors and analog sensors. Environmental monitors are further split into portable monitors and fixed monitors. Portable monitors segment is expected to hold larger share of the market due to growing implementation of modern building designs, smart homes, and increase in technological advancements of environment monitors.

Based on sampling techniques, environmental monitoring system market is divided into continuous monitoring, intermittent monitoring, active monitoring, and passive monitoring. Continuous monitoring systems segment is expected to hold larger share of the market due to increased level of environmental pollution and growing focus on the development of eco-friendly industries.

Based on application, the market is divided into water pollution monitoring, air pollution monitoring, noise pollution monitoring and soil pollution monitoring. Air pollution segment is expected to hold maximum share of the market due to increasing government initiatives for the protection of environment on the global scale. Further, water pollution segment also lead the market due to increasing need for the supply of safe drinking water for the residential areas.

In terms of end user, environmental monitoring system market is bifurcated into food & beverage, medical, government, data centers, construction, retail, and, others.

Geographically, market is segmented as North America, South America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to dominate the market due to increasing government funding for operation and maintenance of environment monitoring systems. Asia Pacific is also expected to lead the market owing to speedy industrialization and implementation of strict government regulations.

The major players profiled in environmental monitoring system market report are Danaher Corporation, Agilent Technologies, Inc., Raytheon Company, Environmental Sensors Inc., Honeywell International, Inc., TE Connectivity Ltd., Thales Group, Siemens AG, and Lockheed Martin Corporation.

The global Environmental Monitoring System market was valued at $XX million in 2017, and MAResearch analysts predict the global market size will reach $XX million by the end of 2028, growing at a CAGR of XX% between 2017 and 2028.

This report provides detailed historical analysis of global market for Environmental Monitoring System from 2013-2018, and provides extensive market forecasts from 2018-2028 by region/country and subsectors. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Environmental Monitoring System market.

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Global Solid State Drive (SSD) Market is Expected to Reach USD 25.51 Billion by 2025

August 31, 2020 - The global solid state drive (SSD) market size is expected to reach USD 25.51 billion by 2025, registering a CAGR of 14.7% during the forecast period. The market is majorly driven by increasing penetration of high-end cloud computing, growing adoption of SSDs in data centers, and numerous advantages of SSDs over hard disk drives (HDDs).

Intensive use of social media, booming online commerce, and surge in media content will play a critical role in driving the SSD market over the forecast period. The average household's storage capacity is expected to increase over the coming years due to popularity of smartphones and tablets, which has allowed consumers to generate large volumes of digital data and content. This has led to growing demand for sufficient capacity to store content.

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Rising adoption of SSDs in data centers is a result of various factors such as its greater efficiency compared to traditional HDD storage, increased demand for storage infrastructure, and advancements in enterprise-level SSD in terms of reliability and performance. Enterprises prefer SSDs because they consume less energy, allow for reduction in sprawl, and result in a smaller environmental footprint.

The North American region led the market in terms of revenue in 2016. The exchange rate of hard disk drives (HDDs) with SSDs is higher in North America as compared to other regions. Similarly, manufacturers are focusing on product differentiation and innovation to increase geographical reach as well as revenue. This will further help accelerate demand for SSDs.

Further key findings from the report suggest:

• Intensive use of social media, booming online commerce, and surge in media content will play a critical role in driving the SSD market over the forecast period

• The average household's storage capacity is expected to increase over the coming years due to popularity of smartphones and tablets, which has allowed consumers to generate large volumes of digital data and content. This has led to growing demand for sufficient capacity to store content

• The South America and MEA markets are majorly driven by increasing usage of laptops and smartphones embedded with SSDs. Increasing knowledge about advantages of SSDs over HDDs is expected to boost demand for SSDs over the forecast period in these regions. On the other hand, high price of SSDs is expected to negatively impact demand

• Key players in the market include Intel Corporation; Micron Technology, Inc.; Samsung Electronics Co., Ltd.; Seagate Technology PLC; and Western Digital Corporation.

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Global metrology services market size is expected to reach USD 939.3 million by 2025

August 25, 2020 - The global metrology services market size is expected to reach USD 939.3 million by 2025, at a CAGR of 5.9% over the forecast period. Increasing adherence to international quality standards in end-use industries and the need for the development of technologically advanced metrology software packages are expected to drive the growth. Moreover, steady growth in the local markets and surge in the aerospace and defense industries across emerging economies, such as China, India, Japan, Russia, Brazil, and South Korea is also anticipated to fuel the demand for metrology services.

Coordinate Measuring Machine (CMM) product provides precise measurement of the object for testing, assembling, design, profiling, and reverse engineering of parts. Therefore, increasing demand for services such as calibration, machine installation, and retrofitting offered by CMM is expected to drive the growth. Increasing demand for metrology services from different applications such as manufacturing, automotive, and power generation among others is projected to continue driving the market growth over the forecast period.

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Metrology services play a vital role across different industrial applications ranging from mining and heavy industrial production, fabrication, refineries, and material analysis. These services are primarily used for crack and failure analysis, grain sizing, cast iron modulatory and flake analysis, and surface analysis application. Different laser scanners are used in this industrial metrology services for precision measurement of a customized component, 3D CAD for inspection of molds and assemblies, laser tracker and large volume scanning for high accuracy, and better quality product output.

Asia Pacific is expected to be the prominent region over the forecast period. China led the region in 2018 as it is among the leading producers of iron, steel, chemical, consumer product, food processing, and transportation equipment manufacturing among others. On the other hand, U.S. led the North America metrology services market in 2018 owing to its extensive application across energy and power generation industry for raw casting, forging inspection, die and mold design and to inspect, repair or modify power generation turbine components. These technological advancements are expected to fuel the regional demand in near future.

Further key findings from the study suggest:

• North America ODS segment is expected to reach USD 183.6 million, at a CAGR of 5.7% by 2025. These services are explicitly used for reverse engineering operations in the manufacturing sector

• In Germany, the CMM segment is expected to reach USD 45.9 million by 2025, owing to increasing demand for services such as calibration, machine installation, and retrofitting, across various manufacturing industries

• The Asia Pacific automotive metrological services market is expected to reach USD 67.6 million by 2025, attributed to the increasing number of automotive component manufacturing facilities in the region.

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Global IC Card-Smart Card Market Assessment on Competition 2023

August 21, 2020 - A smart card, chip card, or integrated circuit card (ICC), is any pocket-sized card that has embedded integrated circuits. In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. IC Card-Smart Card Report by Material, Application, and Geography - Global Forecast to 2023 is a professional and comprehensive research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom, Japan, South Korea and China).

In-Depth research report on IC Card-Smart Card market:       
https://www.radiantinsights.com/research/global-ic-card-smart-card-market-research-report-2019-2023

In this report, the global IC Card-Smart Card market is valued at USD XX million in 2019 and is projected to reach USD XX million by the end of 2023, growing at a CAGR of XX% during the period 2019 to 2023.

The report firstly introduced the IC Card-Smart Card basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analyzed the world's main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc. In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.

The major players profiled in this report include:

•    Giesecke & Devrient
•    Idemia
•    Infineon
•    NXP
•    Gemalto
•    Sony
•    Samsung
•    Stmicroelectronics
•    Ingenico
•    Verifone
•    Watchdata

The end users/applications and product categories analysis:

On the basis of product, this report displays the sales volume, revenue (Million USD), product price, market share and growth rate of each type, primarily split into-

•    Contact
•    Contactless

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate of IC Card-Smart Card for each application, including-

•    BFSI
•    Government and Healthcare
•    Transportation
•    Retail

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Global pump market size is projected to reach USD 132.7 billion by 2025

June 22, 2020 - The global pump market size is projected to reach USD 132.7 billion by 2025, accelerating at a CAGR of 5.5% over the forecast period. The market is expected to witness significant growth owing to the increasing demand for pumps from oil & gas, chemical, and water & wastewater industries.

Increased spending on infrastructural development activities owing to the rapid industrialization in the emerging economies, especially in Asia Pacific and Central & South America, is expected to propel the product demand over the forecast period. Based on product, the market is segmented into centrifugal pump, positive displacement pumps, and others. Centrifugal pumps are the most commonly used product and the segment accounted for a market share of 52.1% in 2018. Positive displacement pump segment is expected to witness significant growth and ascend at a CAGR of 5.6% over the forecast period.

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Water & wastewater application segment dominated the market in 2018. The segment is expected to ascend at a CAGR of 5.7% over the forecast period and account for the largest revenue share in 2025. The growth of this segment can be attributed to increased spending by the governments of several countries for the development of water & wastewater infrastructure.

Oil & gas segment is expected to move ahead at a CAGR of 5.6% in terms of revenue over the forecast period. Increasing global demand for crude oil in order to facilitate production centers, overseas logistics, and domestic transport is expected to contribute to offshore and onshore exploration activities in the future. This, in turn, is projected to boost the demand for pumps over the forecast period.

Asia Pacific emerged as the leading regional market and accounted for a revenue share of 46.1% in 2018. The dominant position of Asia Pacific can be attributed to the high demand for pumps in water & wastewater, chemical, and pharmaceutical industries in the region. Asia Pacific market for pumps was followed by Europe and North America in 2018. Europe market for pumps is expected to be valued at USD 26.3 billion by 2025. Water & wastewater sector in Europe is characterized by the presence of stringent regulations owing to various environmental concerns. This is expected to propel the demand for pumps in Europe market over the forecast period.

Further key findings from the report suggest:

• The global market for pumps is anticipated to be valued at USD 132.7 billion by 2025 owing to the rapid industrialization in developing economies in Asia Pacific and Central and South America

• Centrifugal pump product segment is expected to dominate the global market in 2025. The segment is expected to ascend at a CAGR of 5.3% over the forecast period

• Positive displacement pump segment is expected to grow significantly in Asia Pacific market owing to the increasing demand for peristatic and diaphragm pumps in chemicals, pharmaceutical, and food & beverage end-use industries

• Among the various application segments, water & wastewater is anticipated to emerge as the fastest-growing segment over the forecast period. It is likely to progress at a CAGR of 5.7% over the forecast period

• Key players engaged in the manufacturing of axial flow pumps, which hold a major share in the global axial flow pumps industry include Xylem Inc., Flowserve Corporation, EBARA CORPORATION, Grundfos Holding A/S, ITT INC., Sulzer Ltd, KSB SE & Co. KGaA, and Pentair plc.

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Global Volumetric Display Market Estimate and Forecast Till 2024

March 20, 2020 - A volumetric display device is a graphic display device that forms a visual representation of an object in three physical dimensions, as opposed to the planar image of traditional screens that simulate depth through a number of different visual effects. In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Volumetric Display Report by Material, Application, and Geography - Global Forecast to 2023 is a professional and comprehensive research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom, Japan, South Korea and China).

 

In-Depth research report on Volumetric Display market:    
https://www.radiantinsights.com/research/global-volumetric-display-market-research-report-2020-2024

In this report, the global Volumetric Display market is valued at USD XX million in 2020 and is projected to reach USD XX million by the end of 2024, growing at a CAGR of XX% during the period 2020 to 2024.

The report firstly introduced the Volumetric Display basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analyzed the world's main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc. In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.

The major players profiled in this report include:

•    Lightspace Technologies
•    Voxon Photonics
•    Coretec Group
•    Holoxica

The end users/applications and product categories analysis:

On the basis of product, this report displays the sales volume, revenue (Million USD), product price, market share and growth rate of each type, primarily split into-

•    General Type

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate of Volumetric Display for each application, including-

•    Medical
•    Aerospace & Defense
•    Automotive

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Global Manual Hand Sanitizer Dispensers Market Analysis with Top Companies, Production, Consumption,Price and Growth Rate to 2020

March 19, 2020 - In this report It offers a comprehensive analysis of key market trends in the global Manual Hand Sanitizer Dispensers market. It also includes discussion on historical trends, current market status, competitive landscape, growth opportunities and challenges which are backed by factful feedbacks. The report extensively provides quantitative analysis of the industry from 2014-2026,by Region, Type, Application. 

Consumption assessment by application, production by type in different regions. Furthermore, the report quantifies the market share held by the major players of the industry and provides an in-depth view of the competitive landscape. The market size in terms of revenue (USD) and production is calculated for the study period along with the details of the factors affecting the market growth (drivers and restraints). The worldwide market for Manual Hand Sanitizer Dispensersmarket will reach xxx Million USD in 2020 and is expected to grow at a CAGR of xx% 2021-2026.

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Geographically, global Manual Hand Sanitizer Dispensers market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including

• Kutol Products Company
• Deb Group
• STERIS Corporation
• Kimberly-Clark
• Purell(GOJO)
• Tork(Essity)
• Saraya
• Rubbermaid
• Alpine Industries
• Symmetry
• Proandre
• Dial(Henkel)
• INOPAK
• Huigojo
• Best Sanitizers
• San Jamar

On the basis of product, we research the production, revenue, price, market share and growth rate, primarily split into

• Wall Mounted Hand Sanitizer Dispensers
• Counter Mount Top Fill Hand Sanitizer Dispensers

For the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Manual Hand Sanitizer Dispensers for each application, including

• Healthcare
• Retail
• Food Service
• Manufacturing
• Others

Production, consumption, revenue, market share and growth rate are the key targets for Manual Hand Sanitizer Dispensers from 2014 to 2026 (forecast) in these regions

• China
• USA
• Europe
• Japan
• Korea
• India
• Southeast Asia
• South America

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Global site dumper market is projected to display steady growth by 2022

August 08, 2019 - The global site dumper market is projected to display steady growth by 2022. Rapid infrastructure development across the world can boost the market during the forecast period (2017 to 2022). Demand for transport and utility infrastructure is on the rise. Various governments across the world are launching several plans to provide reasonably priced housing. These governments efforts are expected to boost residential construction, which will drive the demand for site-dumpers. As, the dumpers are used to transport loose materials including sand, soil, and gravel.

Growing use of site dumpers in landscaping and grounds maintenance is also expected to boost the market growth in the coming years. Many landscaping projects may need to remove loose material such as dirt and rock and brought materials such as gravel or paving stones to job site. Also, many landscaping projects require that any vehicle to pass over tight spaces and make minimum disturbance to the ground. The lightweight dumper may be applicable for these situations. They can be also used in grounds maintenance in parks, golf courses, and manicured green spaces.

Technological advancements have also led to convenience of constructions in any terrain. The sensors and monitoring systems enables smooth functioning in the tunnels, which has also increased the digging and construction activities. This is also expected to encourage the use of site dumpers in the coming years. Growing trend of rental equipment services is also expected to support the market growth. Construction equipment such as site dumpers are expensive. So, renting equipment is widely accepted by small and medium enterprises (SMEs) as they find these services cost effective.

Worldwide site dumper market can be segmented on the basis of application and region. Based on application, the market can be categorized into construction, agriculture, and ground maintenance. Geographically, the market can be divided into North America, Europe, Asia Pacific, Middle East and Africa, and South America. Asia Pacific is estimated to exhibit significant growth during the forecast period. This can be attributed to growth in infrastructural development activities as a result of rapid urbanization and industrialization. Additionally, ongoing smart city projects and government efforts towards affordable housing projects in emerging countries in the region can have positive impact on the market.

Some of the leading players operating in the site dumper market include Ajax Fiori, Lugong Machinery, Wacker Neuson, Shengxiong, and Wacker Neuson. Participants in the market are focusing more on the development of innovative products and to provide better services. Presence of strict regulations in many developed regions are expected to boost the innovation in heavy load vehicles. This is also expected to boost the market growth in the years to come. Moreover, players are also focusing more on safety features of vehicles. For instance, JCB recently introduce a new site dumper range in the U.S. and Canada. The new JCB site dumper range includes the 6T-1 with either a front- or swivel-tip bucket and 13,228-pound capacity, the 9T-1 with front-tip and 19,842-pound capacity, and the 7T-1 Hi-Viz with front-tip and 15,432-pound capacity. These dumpers can be used to move bulk material and to be used by landscapers, contractors, home builders and highway workers. These dumpers also feature many safety features such as front cameras, reverse alarm, and seatbelt switch logic to conform the correct seating position of driver.

Global Check-in Counters Market - New Trends, Industry Insights, Outlook and Forecasts to 2023

June 25, 2019 - According to a report available on Radiant Insights, Inc.; the global check-in counters market is projected to display significant growth by 2023. Growing development of smart airport across the world due to increasing need for real-time information among travelers can drive the market during the forecast period (2018 to 2023). Additionally, increasing inclination of airports towards the customer centric approach, technological advancements, and growing demand for advanced communication systems and security systems can support the market growth. Airports all over the world are extensively implementing technologically advanced systems including smart luggage system and internet of things (IoT) to enhance overall experience of customers.

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Moreover, development of smart technologies that can provide digital ecosystem such as automated flight booking, check-in, and document and baggage check can have positive impact on the market. Airports are taking advantage of novel technologies such as near field communication (NFC), quick response (QR) codes, beacons, and augmented reality (AR) to improve the automation process of airports. Additionally, implementation of queue management systems by adopting advanced CCTV systems for predicting waiting time in check-in areas and passport control is also expected to boost the market growth.

Increasing demand for advanced biometric devices at airport is also expected to create many avenues in the market during the forecast period. Development of systems with new features such as customer identification via unique heart beat pattern using biodynamic and biometric signature are new trends in the market. Also, facilities around airside location includes facial recognition for passenger boarding, geo-location of passengers, in-wallet scanning, and provision of real-time information on aircraft landings. For instance, JetBlue in partnership with U.S. Customs and Border Protection (CBP), recently launched its Integrated Biometric Self-Boarding Gate at New York’s John F. Kennedy International Airport. The new facility includes self-service lobbies with interactive kiosks feature self-bag tag and self-bag drop facilities. The company is also likely to provide the facility to other airports in the coming future.

Worldwide check-in counters market can be segmented on the basis of type, application, and region. Based on type, the market can be categorized into boarding counter, check-in counter, and other. As per application, the market can be split into check-in, boarding, information, and customs.

Geographically, the market can be divided into North America, Europe, Asia-Pacific, South America, and Middle East and Africa. North America is considered as one of the attractive markets. The region has already implemented several developments at airports including real-time CCTV surveillance, smart security gates, RFID/NFC-based baggage tracking systems, and autonomous immigration system are among the others. Asia Pacific is anticipated to be the fastest growing region during the forecast period. Rapid infrastructure development in the region is expected to bode well for the market. Growing smart airport projects in the region are likely to provide various opportunities in the market. Implementation of robotics, artificial intelligence, and biometric-enabled bag dropping systems have been observed in countries such as China and Japan. Middle East & Africa (MEA) is likely to show notable growth in the coming years. This can be attributed to rising passenger traffic and need for modernization of airports. Voice-based AI tools and digital assistance for providing real-time information to passengers are implemented at various airports across the region.

Some of the prominent companies operating in the market include Evans Airport Solutions, Baker Bellfield, Materna Information And Communications, Usm Airportsystems Ag, and Fema Airport.

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Global temperature calibrators market is anticipated to grow at steady CAGR over the forecast period (2018 to 2022)

May 14, 2019 - The global temperature calibrators market is anticipated to grow at steady CAGR over the forecast period (2018 to 2022), according to a report available on Radiant Insights, Inc. Growing need to maintain temperature required in laboratories to maintain quality of manufacturing process can propel demand for temperature calibration.

Temperature is predicted to be essential parameter for maintaining quality assurance of manufacturing processes in laboratories. Thereby, calibration is expected to be important for various temperature measuring devices like thermocouples, thermistors, thermometers, thermal imaging cameras, and temperature detectors. This factor can augment market expansion in the forthcoming years. In addition, rising demand for calibration of devices being used in industries to measure temperature can stimulate market growth. Parameters like number of temperature measuring devices, frequency of calibration, and type of temperature measuring devices can help determine type of temperature calibrators.

In-Depth research report on Temperature Calibrators Market :
https://www.radiantinsights.com/research/global-temperature-calibrators-market-insights-forecast-to-2025

Availability of multifunctional calibrators can hamper growth of market during the forecast period. However, growing adopt of strategies like mergers and acquisitions in test and measurement sector can create lucrative opportunities in the market. In addition, rising adoption of automation in laboratories can drive market growth. Moreover, introduction of portable temperature calibrators can stimulate market expansion in the forthcoming years.       

To cater to rising demand, most companies are likely to invest in R&D activities to develop advanced products. For instance, AMETEK recently launched its new temperature calibrator named JOFRA CTC-1205. The device can be used in power plants, waste incineration, and metal industry, and oil and gas production. In addition, it is expected to be used in temperature range between 100 and 1205 degree Celsius. The calibrator is estimated to offer silent mode operation and can provide better working condition in laboratories. It is expected to reduce cooling times to 45 minutes only. Moreover, the device is likely to improve workflow and reduce working hours.

The temperature calibrators market can be segregated on the basis of type, application, and region. Based on type, the market can be bifurcated into portable and benchtop. Portable temperature calibrators segment is expected to witness significant growth over the forecast period. Such calibrators are designed to address frequently changing locations for operational activities. In addition, they are likely to be light weight and handy for comfortable use.  

Based on application, the temperature calibrators market can be categorized into Original Equipment Manufacturers (OEMs), third-party service providers, and in-house maintenance. OEM segment is projected to dominate the market and is likely to account for highest market share during the forecast period.

Regional segmentation of the temperature calibrators market includes Americas, Asia Pacific, and Europe, Middle East and Africa (EMEA). EMEA region dominated the market and accounted for largest market share in the past. The region is expected to witness growth in terms of market share over the forecast period. Supportive regulatory policies regarding quality assurance can boost demand for temperature calibrators in the region.  

Some of the leading companies operating in the temperature calibrators market are Techne Calibration, Time Electronics, Nagman, Martel Electronics, and Fluke Calibration. The market is expected to be concentrated attributed to presence of established manufacturers. The market is likely to witness penetration of new entrants owing to growing reliability of temperature measuring devices. This, in turn, can boost consumer demand over the forecast period. In addition, launch of diverse innovative products can increase competition level among various manufacturing companies. Growing need to differentiate products and competitive edge over others can push manufacturing companies to launch new and advanced products.

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Growing requirement for advanced machines to displace heavy loads are anticipated to propel demand for overhead travelling cranes

May 09, 2019 - The global overhead travelling crane market is projected to grow at stable CAGR over the forecast period (2017 to 2022), according to a report available on Radiant Insights, Inc. Growing requirement for advanced machines to displace heavy loads are anticipated to propel demand for overhead travelling cranes. Such cranes consist of parallel runways with travelling bridge and hoist. The lifting component of such cranes is likely to travel along the bridge. They can be operated manually, through wired pendant station, and using wireless controls.

Benefits such as reduction in labor expense, lower maintenance cost, and safety can drive market growth. Increasing number of construction activities in emerging economies like China and India can propel market expansion. In addition, rising investments by government and private companies in infrastructure development projects like bridges, waterways, railways, and roads can also stimulate growth of market. Moreover, growth of industrialization and automation can stimulate market growth over the forecast period.

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However, installation complexity and high cost can hamper growth of market over the forecast period.

To cater to rising demand for overhead travelling cranes, most companies are likely to invest in R&D activities to develop advanced products. For instance, ABUS crane systems are expected to offer single girder overhead travelling crane. These cranes are likely to offer optimal material flow even in there is a little room for crane systems like production plants. In addition, such cranes are expected to be available with welded box girders and rolled section girders. Both the cranes can be optimized to highest possible hook position and minimum headroom.    

The overhead travelling crane market can be segregated on the basis of application and region. Based on application, the market can be categorized into power, transportation, metallurgy & calendaring, and equipment manufacturing. Equipment manufacturing segment is expected to dominate the market and account for highest market share during the forecast period. Rising demand for high efficiency and low downtimes in manufacturing sector can stimulate use of overhead travelling cranes in manufacturing purposes.

In addition, metallurgy & calendaring segment is expected to witness steady growth owing to increasing use of overhead travelling cranes in refinement of steel and other metals like aluminum and copper.

 

 
Regional segmentation includes Europe, Asia Pacific, Middle East and Africa, North America, and South America. Asia Pacific region is anticipated to account for largest market share owing to increasing number of construction activities in the region in developing countries like China and India. In addition, growth of offshore oil and gas sector in China and India can also influence market growth in this region.

Similarly, in Europe the market is estimated to witness substantial growth owing to rising demand for overhead travelling cranes in the region. Growing number of construction projects can impel regional growth.

In North America, the market is predicted to grow well over the forecast period owing to presence of governing bodies like Hoist Manufacturers Institute (HMI), Crane Manufacturers Association of India (CMAA), and Monorail Manufacturers Association (MMA). 

Moreover, South America and Middle East and Africa regions are likely to witness stable market growth during the forecast period. Increasing number of government projects like dams and flyovers in Middle East and Africa can propel regional market growth. 

Some of the leading companies operating in the overhead travelling crane market are Cargotec, Henan Mine Crane, ABUS, Weihua Group, and Konecranes. Most companies are likely to adopt business strategies to maintain their market presence and competitive edge over others.

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Ability of couplings to prevent disconnection of shafts during operation can propel growth of market

April 09, 2019 - The global couplings market is projected to grow at stable CAGR over the forecast period (2018 to 2023), according to a report available on Radiant Insights, Inc. Coupling is expected to be a machine element that can attach two different mechanical shafts together. Two shafts are likely to be joined at their ends for transmission of power. Couplings can also be used to connect and disconnect fluid systems such as air, chemicals, gas, and powder systems.

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Ability of couplings to prevent disconnection of shafts during operation can propel growth of market. Torque limiting couplings can also prevent rotation motion attributed to over limit of torque. This, in turn, can augment market growth in the forthcoming years. In addition, proper installation of carefully selected couplings can reduce maintenance cost and downtime. This factor can also impel market expansion over the forecast period. Moreover, effective properties offered by couplings like light weight, easy mounting and dismounting, and high torque can stimulate market growth in the forthcoming years.

To cater to rising demand for advanced couplings, most companies are expected to invest in R&D activities to develop advanced products. For instance, HASCO recently launched new safety couplings for cooling and heating applications. These coupling are likely to offer automatic safety lock feature that can offer protection against unintended unlocking. Forced rotating guide available on locking sleeve is expected to offer smooth decoupling. Green color coding, which is clearly visible behind locking sleeve can indicate safe and correct coupling. In addition, these coupling are anticipated to offer high temperature sealing rings permitting maximum load.

The couplings market can be segregated on the basis of application and region. Based on application, the market can be categorized into paper, steel, oil & gas, and mining. Mining segment is expected to witness substantial growth attributed to increasing use of couplings in various applications like shovels, draglines, crushers, and grinding mills.

On the contrary, oil & gas sector is predicted to grow well during the forecast period attributed to rising demand for disc couplings in pumps. Such couplings are expected to meet American Petroleum Institute (API) 610 standards for reliability, pump safety, and maintenance in hazardous environmental conditions.

Moreover, rising demand for gear couplings in steel sector can augment market growth over the forecast period. Reliability of gear couplings can directly impact profitability and productivity in steel sector. Hence, it gets essential to customize gear couplings according to requirements of steel mill application.    

Regional segmentation includes Asia Pacific, North America, Europe, Middle East and Africa, and South America. Rising demand for couplings in emerging economies like China and India are expected to augment market growth in Asia Pacific region. In addition, growth of material handling sector in Middle East and mining sector in Africa can stimulate growth of market in MEA region over the forecast period. Moreover, Eastern European countries are projected to boost market growth attributed to rising demand for couplings in the region. Growth of mining and petrochemicals sector in Europe can boost demand for couplings.

In North America, the market is estimated to witness significant growth attributed to rising demand for fifth wheel couplings in automotive sector. The region is expected to be matured automotive market and can offer high penetration of technologically advanced products.     

Some of the leading companies operating in the couplings market are Martin, TB Wood, IWIS, Raxnord, and Altra Industrial Motion.

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Growing usage of floor grinding machine to make floor appearance good-looking and improve its strength can enhance development of market

January 09, 2019 - The global floor grinding machine market is predicted to grow at substantial CAGR during the forecast period (2017 to 2022), according to a report available on Radiant Insights, Inc. Growing requirement for grinding and polishing of floors made from concrete, marble, and granite to provide finish is anticipated to propel demand for floor grinding machines. These machines are likely to have more power to drive the unit as concrete is likely to have high sliding friction than marble or granite. Hence, they can be utilized for roughing and finishing flat, cylindrical, and expelling rough projections from casting and stampings. It is likely to be used for removal of adhesives, rain damage, imperfections, and coatings. 

Increasing use of floor grinding machine to make any floor look attractive and enhance its durability can augment growth of market. Effective properties of the machine such as robust construction, high-quality, single speed, simple design can influence market growth. Growing adoption of environment-friendly and economical techniques in construction sector can fuel growth of market over next few years. Continual technological advancements in floor grinding machines by making them multi-purpose and autonomous to deliver better services can stimulate growth of market during the forecast period (2017 to 2022).  

To cater to rising demand for floor grinding machine, most companies are likely to invest in R&D activities to develop advanced products. For instance, Maverick Surface Preparations recently introduced the guardian and triton floor grinding machines. These machines are expected to be lightweight, easy to operate, and quiet. In addition, these machines are likely to offer some useful features including phone holder, built-in cup holder, floating dust shroud, chord handle, light, and magnetic plates for tooling.

In another instance, Husqvarna is expected to offer remote controlled concrete floor grinder named PG 820 RC. This machine is based on company’s dual drive technology. It can enable significantly higher productivity, effortless transportation, and ergonomic operations. With grinding width of 820mm, it can be suitable for factory applications to prepare concrete floor both wet and dry.
  
The floor grinding machine market can be segregated on the basis of application and region. Based on application, the market can be categorized into commercial building, factory, and others. Factory segment is expected to dominate the market and account for highest market share over the forecast period attributed to rising demand for such machines in construction work within factories.

Regional segmentation includes Europe, North America, Asia Pacific, South America, and Middle East & Africa. Asia Pacific is predicted to dominate the market accounting for largest market share. Increasing number of construction activities in developing countries including India and China are expected to surge demand for floor grinding machines. This, in turn can augment growth of market in the region.

North America is estimated to follow Asia Pacific in terms of market share over the forecast period. Prevalence of manufacturing companies offering advanced floor grinding machines to local construction companies can augment market growth in the region. In addition, rising demand for finished concrete floor in factories and commercial buildings can fuel growth of market over the forecast period.

In Europe, the market is estimated to grow well during the forecast period owing to demand for floor grinding machines in construction activities in the region.  

Some of the leading companies offering floor grinding machines are HTC Group, Husqvarna AB, Klindex, Linax, and Roll GmbH.

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An electric forklift is purposely used for warehouse since there is no emission of gas or fumes unlike fuel powered motors

January 09, 2019 - The global electric forklift market is anticipated to grow at a substantial CAGR of 7.6% by 2022, according to a report available on Radiant Insights, Inc. High demand for environment-friendly and energy-efficient equipment is anticipated to propel market over the forecast period (2017 to 2022). Electric forklifts are available in compact size and can move standard loads while sustaining the capacity. They can be a perfect substitute to load trucks and other heavy vehicles. Such forklifts are expected to witness a steady rise in demand as they are powerful, quieter, safe, and easy to maintain.

Easy and cheap maintenance attributed to low requirement to replace fluids such as engine oils, coolant, and filters can augment market growth. Rising demand for energy efficient and powerful forklifts to lower operational cost in construction and manufacturing sector can stimulate demand for electric forklifts. Continual technological advancements to deliver advanced products can further fuel growth over the forecast period. Stringent regulations regarding use of diesel vehicles to regulate carbon emissions can propel demand for electric machinery over the forecast period.

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Rising ecommerce business across the globe can surge demand for advanced forklifts. Rapid growth of online sales in past few years is expected to fuel logistics and warehouse activities. Amplified warehouse spaces are likely to strive to work quickly and efficiently to meet consumer demand. This, in turn, can surge demand for efficient electric forklifts in warehouses. Growing adoption of electric forklifts over IC powered forklifts and continuous investments in advancement of battery technology can bode well for market growth.

To cater to rising demand, most companies are investing in R&D activities to develop advanced and cost effective products. For instance, Toyota Material Handling recently launched two new battery operated electric forklift models named 8FB Four Wheel Counter Balance Forklift and 8FBR Reach Truck. These new models can offer improved productivity, efficiency, operability, and safety. Their key features include longer operating times and battery life, reduced electricity consumption to save charging costs, updated System of Active Stability (SAS), and company’s I-suite fleet-management tool.

The global electric forklift market can be segregated on the basis of application and region. Based on application, the market can be trifurcated into logistic, retail, and industrial. Regional segmentation includes Europe, North America, Asia Pacific, Latin America, and Middle East and Africa. In North America, the market is expected to witness steady CAGR over the forecast period attributed to growing infrastructural development. In addition, rising industrialization mainly in housing and commercial sector can further impel growth. Moreover, continual technological advancements owing to rapid advancements in fabrication techniques and increasing use in construction and manufacturing sector can augment regional market growth during the forecast period.

In recent years, Asia Pacific dominated the market and accounted for largest market share. It is likely to expand at a similar CAGR over the forecast period. Strong presence of market players offering advanced electric forklifts in developing countries such as Japan, China, and India can drive regional market over the forecast period. Europe is also anticipated to grow well in the forthcoming years owing to presence of numerous manufacturing companies and suppliers.

Some of the leading companies operating in the global electric forklift market are Hyundai Heavy Industries, Combilift Ltd, Doosan Group, Godrej & Boyce, and Combilift Ltd.

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Global underground waste containers market is expected to expand steadily by 2025

December 19, 2018 - According to a report available on Radiant Insights, Inc.; the underground waste containers market is expected to expand steadily by 2025. Factors such as rapid urbanization, growing population, and increasing environmental concerns due to rapid industrialization can propel the market over the forecast period (2014 to 2025). Rise in waste material due to raid industrialization is expected to boost the product demand in industries across the world.

The most important benefit of these containers includes aesthetic appearance, space efficiency, tidiness, odorless, and long emptying intervals. They used to collect temporary waste material. People can see a chimney at ground level, whelectronicsich is intended to throw garbage. These aforementioned advantages are likely to increase the preference for the product over traditional waste containers. Also, these containers require less pickups due to their increased capacity. This is considered as the major driving factor for the market. Increasing need to control the municipal waste is also expected to drive the market in the coming years. Municipal waste can be generated from private households and alike sources such as clinics, offices, schools, local administration buildings, and, small businesses and industry. The municipal waste may include bulky waste items, road sweepings, market waste, sewage sludge, organic waste, and separately collected recyclable materials such as glass or paper.

Moreover, strict government rules regarding convenient and safe disposal of medical waste across the world is expected to increase the demand for medical waste generators. Rise in number of patients suffering from chronic diseases is a key factor driving demand for collection of medical waste from large and small medical waste containers across the world. Growing awareness regarding the safe disposable of medical waste, improving healthcare facility around the world, and rise in medical waste is expected to increase demand for these containers over the forecast period.

Worldwide underground waste containers market can be segmented on the basis of product, application, and region.

Based on product, the market can be classified into metal type, plastic type, and other. As per application, the market can be bifurcated into resident community, municipal, and other.

Geographically, the underground waste containers market can be divided into North America, China, Europe, Southeast Asia, Japan, and India.
 

Southeast Asia and other Asian countries such as India and China are expected to show high growth due to rapid industrialization and shifting of industries from developed regions towards these countries, which is expected to lead high amounts of generated industrial waste. These countries are expected to established better waste management and recycling approaches as these significant amount of waste needs effective disposal and processing due to rising concerns regarding environmental hazards.

North America and Europe are considered as the most attractive markets.  Europe is expected to show significant growth on account of presence of strict regulatory policies regarding waste in several municipalities in this region.

Prominent companies operating in the underground waste containers market include Total Waste Systems (TWS), Deep Waste Collection, Coastal Waste Services, Advanced Fluid Containment, and EMS Makina Sistemleri. For instance, Eco Signal d.o.o., a provider of underground and over ground waste management systems has recently developed an Eco Hydraulic underground container. It is suitable for high populated areas. This plastic container can be moved manually from its platform to truck with truck’s existing hydraulic pump. The system locks and unlocks automatically from the truck’s hydraulic pump. This avoids unauthorized users to open and collect material in the container.

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Smart speaker are built to provide high quality of sound and to consume less power

December 18, 2018 - According to a report available on Radiant Insights, Inc.; the global smart speaker market is anticipated to expand at a steady CAGR by 2025. Factors such as increasing disposable income and adoption of smart homes are the primary market drivers. High penetration of multifunctional devices and rising trend of customization can further propel market expansion during the forecast period (2018 to 2025).

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Increasing applications in wireless streaming of audio content is considered as the major driving factors for the market. Easy Wi-Fi and Bluetooth connectivity with portable devices like smartphones, tablets, and laptops is a major driver for the rise in demand for these speakers. Advantages like fast functionality, easy maintenance, and suitability for outdoor applications are anticipated to bode well for overall market growth in the forthcoming years.

Smart speakers are built to provide high quality of sound and to consume less power. In addition, technological improvements such as Near-Field Communication (NFC) connectivity, which pairs with devices at a single tap can boost the product demand. Moreover, speakers with Intelligent Virtual Assistant (IVA) capability are adopted in smart offices to implement voice-user interface. Advancements in Artificial Intelligence (AI) and Natural Language Processing (NLP) for enhanced voice recognition can further propel demand for smart market. All these factors are anticipated to drive the global market over the forecast period.

In a recent advancement, Apple Inc. introduced a new wireless speaker called HomePod. It offers stunning audio quality at various locations in the house with multiple styles of music. It can be used in homes, apartments, and business places. This speaker can be paired with Siri to send messages, play podcasts, set timers, and to check the news. It can be also used to control several HomeKit smart home accessories.

The worldwide smart speaker market can be segmented on the basis of application and region. As per application, the market can be bifurcated into commercial and personal use. Geographically, the market can be divided into North America, Europe, and Asia Pacific.

North America is expected to continue leading the global market during the forecast period due to high demand and early adoption. Presence of well-established players and high consumer acceptance for novel technologies is likely to further support regional market growth. Europe is expected to showcase significant growth over the forecast period. New product launches by top players is anticipated to drive growth of the market in this region.

Asia Pacific is expected to be the fastest growing market for smart speakers. Factors such as rise in disposable income, adoption of smart homes, and presence of many regional manufacturers are expected to support regional market growth. Developing countries such as India, China, and Japan are identified as the major market contributors. China is anticipated to hold a major market share over the forecast period due to existence of leading providers.

Key players operating in the smart speaker market include Amazon.com; Google; Apple Inc.; Harman International; and Sony Corporation. The market is extremely competitive owing to existence of large numbers of vendors. Market competition is primarily based on features, technology, design, sound quality, pricing, and size. Companies are emphasizing on innovation to improve product quality with advanced technologies. They are also including the latest versions of Bluetooth smart chips and updated Wi-Fi connectivity to improve product efficiency.

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Global Produced Water Treatment Systems Market Growing Demand Overview Volume and Value Forecast 2025

December 12, 2018 - According to a report available on Radiant Insights, Inc.; the produced water treatment systems market is expected to expand steadily by 2025.
Strict government regulations about treatment and disposal of produced water, and technological advancements can propel the market during the forecast period (2018 to 2025).

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Increasing demand for oil and gas and rise in extraction process from unconventional sources is considered as the major driving factor for the market. The production of oil and gas from unconventional sources require technologically advanced well completion and stimulation approaches. For example, acidizing and hydraulic fracturing. These procedures require large amount of water. This is expected to boost the market in the coming years. Additionally, strict government guidelines about the environmental impact of produced water disposal, reinjection norms in the petroleum industry can also expected to drive the market in the coming years.

However, higher installation and operational costs may remain a major challenge to the market.
Worldwide produced water treatment systems market can be segmented on the basis of product, application, and region.

As per product, the market can be bifurcated into primary treatment, secondary treatment, and tertiary treatment. Based on application, the market can be categorized into drinking water, industrial water, industrial waste, and other.

Geographically, the market can be divided into North America, China, Europe, Southeast Asia, Japan, and India.

North America is expected to lead the market over the forecast period due to presence of unconventional oil exploration methodologies along with strict implementation of environmental regulations. Development of the U.S. and Canada as a production destination for unconventional sources including tight oil and shale gas can have positive impact on the market.

Southeast Asia and emerging Asian countries such as India and China are likely to show significant growth in the coming years. regulations regarding growing exploration and production (E&P) spending on coal bed methane (CBM) and gas hydrates in Durgapur and Andaman and Nicobar in India, are expected to create more opportunities in the coming years. However, low acceptance rate of technologies in the oil and gas sectors in emerging countries such as Indonesia and India considering the absence of regulations regarding water management in the energy sector is considered as the major challenge for the market participants.

In the Middle East and Africa, demand for onsite services as well as rental systems is on the rise. This bodes well for manufacturers and rental service providers of produced water treatment systems in the region.

Key players operating in the market include Siemens, Enviro-Tech Systems, ROSO Offshore Engineering, CETCO Energy Services, and General Electric.

The market comprises large number of players. The major companies are adopting strategies such as mergers and acquisitions to increase their production. Leading companies in the market are looking for development and use of advanced water treatment technologies.

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For instance, GE Water & Process Technologies recently introduced OnBoard. It offers customizable integrated water treatment solution and service plan for offshore oil and gas producers. This system consists of digital technologies, membranes, chemicals, remote monitoring and diagnostic software, sulfate removal technology and offshore field and process expertise. Choosing the program parameters, which match their unique needs, the offshore oil and gas producers can decrease clean-in-place (CIP) time and reduce the maintenance costs. The InSight APM system is remote monitoring and diagnostic software that allows operator to make better business decisions and reduce unplanned downtime.