Smart Elevator Market Growth, Segmentation, Manufacturing, Trend Analysis and Forecasts 2022

Industry Insights

The worldwide Smart Elevator Market size valued at USD 10.50 billion in 2014. Rising acceptance, particularly in Latin America, Asia Pacific, and the Middle East, are anticipated to drive the growth of the market. Numerous benefits together with longer stability along with reliability are also expected to help the growth of the industry over the coming years. Growing disposable income of the consumer, predominantly in countries such as China, Brazil along with India coupled with the increasing need for faster transportation facilities may elevate the demand for the elevator. The elevator industry is hovering for growth owing to superior control of elevator traffic and the growing requirement for improved energy efficiency worldwide.

Expansion of products that utilize renewable energy sources is likely to offer new development avenues in the upcoming years. Extensive usage in different sector like industrial, commercial as well as residential areas is further liable to drive the growth of the market. Fast infrastructure growth in rising economies along with government inclination to the deployment of such type of advanced elevator in new structures built in respective countries is also anticipated to impact demand of elevators over the forecast period positively. Large installation cost of elevators may hamper the growth of the industry over the next few years.

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Technological advancements in elevator industry resulting in the addition of various digital controls which are related to security may also facilitate elevator industry to offer possible growth opportunities to participants in the industry. Economic benefits which are linked to cost savings with the help of low power consumption may also assist to drive demand over the forecast period. Also, the benefits such as the reduced passengers' waiting times along with increased traffic management effectiveness are also likely to drive the smart elevator market considerably.

Solution Insights

The industry divided into three parts namely new deployment, maintenance and modernization depending upon the solution provided. The market further segmented into elevator automation and elevator access control & security based on new deployment.

Elevator automation segment may observe high growth owing to numerous advantages which offered by this deployment type such as efficient passenger transportation, energy saving, and time-saving. Elevator access control & security market helped in accounting more than 35% of the overall share in 2014, but this proportion may decrease over the coming years.

Maintenance segment is estimated to demonstrate considerable development in upcoming few years which may credit to increasing maintenance related activities of already installed products in mature markets such as North America along with Europe.

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 Application Insights

Residential segment has for over 20% of the total revenue share in 2014 which is anticipated to rise over the forecast period. This growth may credit to rising disposable income of consumer along with increasing migration of population from rural to urban areas. Industrial segment is probable to appear as the fastest growing application in next few years owing to the mounting demand for energy-efficient solutions which results in increasing acceptance.

The commercial segment may observe significant development over the given forecast period due to advantages such as reduced operational cost, low power consumption, and cost savings.

Regional Insights

In 2014 North America smart elevator market was a leading regional segment as well as accounted for more than 40% of the revenue. This growth may be credited to previously well-established infrastructure facilities in the region along with early technology adoption by many industries in the area.

Asia Pacific region is also expected to observe considerable development over the forecast period because of rapid infrastructure growth as well as growing urbanization in the Asia Pacific region. Rising amount of consumer disposable income along with technological advancements may also help to add to the regional development in next few years. Growing government inclination towards up gradation of existing elevator is anticipated to drive the European smart elevator market over the forecast period.

Competitive Market Share Insights

Key participants compete in the market by their industry presence along with new product development. Manufacturers give emphasis to improving their regional presence by collaborating with other companies which offer similar products plus services for getting a competitive advantage in the market. Key industry participants seize their competitive position in the market with the help of the superior distribution channel facilities along with improved service potential.

Key player in the market includes companies such as Schindler, ThyssenKrupp Group, Schneider Electric, Otis Elevator, Mitsubishi Electric Hyundai Elevators, Hitachi, Fujitec and Bosch Security Systems.

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Transfection Reagents and Equipment Market Analysis, Size, Methodology And Overview Research By 2022

Industry Insights

The global Transfection Reagent & Equipment Market size was worth USD 616.59 million in 2014 The primary factor for the growth of this segment is the rising demand for the production of the recombinant protein. Advancements in the clinical development of biopharmaceuticals, is anticipated to boost the demand for gene analysis and gene expression studies for the purpose of bio-authenticity and investigative analysis. The aforementioned factor is attributive to drive the segment revenue potentially in the coming years.

Patent cliff generated in recent years is pronouncing the need for production of several moieties which depends on the laboratory analysis thus inducing industrial growth in this market. Anticipated rise in the analytical methods is expected to increase the adoption of such technologies in the coming years. Additionally, with established healthcare infrastructure and reimbursement policy, many pharma companies are expanding their business in western geographic segments which would induce innovation and growth in the biotechnology industry over the forecasted period.

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Method Insights

Electroporation method for conducting transfection process holds the largest share of the revenue. The larger share is attributive to its diverse versatility in application, user-friendliness, and consequent higher implementation of this technique. However, the misuse of this method has caused cell damage which is expected to slow down its adoption.

Liposomal method is second only to the electroporation method of transfection. The other segments for the implementation of method includes adenoviral vectors and particle bombardment which are expected to provide positive growth in the forecasted period.

Bombardment equipment and particle acceleration have witnessed a reduction in the cost over the past years which will boost its market penetration. This method is expected to grow at the fastest rate owing to increasing investment in order to bring about technological innovations in this market.

Application Insights

Gene expression accounted for the largest share of revenue in 2016 as a result of larger use of the technology in this segment. Vaccine biopharmaceuticals production requires substantial usage of gene expression methods based on the principles of transfection.

Proteomic analyzers and cytology-based programs (for research purpose) are expected to witness demand in biomedical and oncology studies. This factor is expected to fuel progress in the coming years.

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Regional Insights

North American region witnessed highest penetration in 2016 owing to the presence of large number of research and biopharmaceutical production institutes, biosimilar drugs, vaccines, and clinical organizations for R&D. With the rise in number of academic institutes engaged in basic research for protein and genetic research which are highly supported by the government, the market revenue for transfection is anticipated to witness potential increment. Also, a large number of cancer research and specialized biomedical institute provides a platform for the development of this technology. Europe with respect to market share is close to North America and has gained significantly high revenue as per the estimation.

With favorable government policy, large-scale gene expression analysis is widely implemented in this region. Also, large-scale development in reverse transfection has provided a strong base for penetration of the products in this region. Asia-Pacific region is expected to witness fastest growth over the forecast period owing to progress in healthcare infrastructure, for example, setting up of bio-incubators for research purpose, rise in government funding for basic research held in academic institutions, increasing adoption of proteomics and cytological expression.

Competitive Insights

Roche, Promega and Life Technologies (a subsidiary of Thermo Fisher) are renowned players operating in this market. These players are engaged in implementing strategic initiatives such as product development, diversification, vertical and horizontal integration, and in some cases divestiture.

Other companies that are operating in this market are Lonza, Qiagen, Mirus Bio LLC, OriGene Technologies, EMD Millipore, VWR International, BTX and SignaGen Laboratory.

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Power Electronics Market Methodology, Overview, Segmentation, Trend Analysis and Forecasts 2014-2025

Industry Insights
Power Electronics Market is solid-state circuit that control electric power in efficient manner. The emerging demand for energy-efficient, battery powered devices and use of electronics indifferent industries is likely to fuel market globally over a forecast period. In 2016, the market size of power electronics was valued at USD 32.33 globally.

The growing trend of energy harvesting, usage of renewable energy sources are key reasons that are anticipated in growth of industry in coming period. The use of power electronics in electric vehicle is also considered to be important in market growth. Power electronics is a circuit that is used to control and conversion of electric power. A rectifier is a common device that is used in many consumer electronics devices such as computer, battery charger and television set.

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At present, the power electronics has applications in electric cars and hybrid electric vehicles to avoid power loss. Electric trains, elevators also make use of power electronics that has ability to regulate energy flow into unidirectional and bidirectional depending on usage. The rapid adoption of new technology for efficient energy usage is major driver for power electronics market. Aerospace & defense, consumer electronics, automobile sector are areas where power electronics are used widely. Government initiatives to opt for renewable energy at all platforms, faster switching, rise in demand for higher efficiency are other additional factors that are expected to boost the market growth and is expected to create new opportunities.

Material Insights
The global market is further subdivided on basis of material such as sapphire, silicon, gallium nitride and silicon carbide. In 2016, among above the silicon accounted highest market share and is expected to dominate over next seven years owing to the fact that silicon is key element in power electronics and is used in almost every circuit. From 2017 to 2025, sapphire segment is expected to grow at highest CAGR providing great opportunities for manufacturer and supplier. Sapphire is used in devices such as LED lights, smart watches and optical wafers.

There has been significant increase in demand of consumer electronics such as smart watches, smartphone and home appliances which will have positive impact on sapphire segment as its applicability is increasing across different products.

Device Insights
The industry is further segmented on the basis of devices such as integrated circuits (IC) devices, discrete devices and modules devices. In 2016, the largest market share belonged to discrete devices and is predicted to remain same till 2025. These devices make use of diodes, thyristors and transistors and large adoptions of diode, thyristors and transistors resulted in large market share.
The use of power IC’s in radio frequency (RF), high frequency wireless communication, RADAR and satellite communications expected to drive market. Technological advancement has resulted in development of various power devices that has different applications. The segment will witness growth due to its application in electric cars, electro electric-powered aircrafts and Smart grid application that allow utilities control power flow.

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Application Insights
ICT, automobile, consumer electronics, industrial, aerospace & defense are functional areas where power electronics are used widely. In 2016, the power segment dominated in terms of market size. Automobile sector will witness fastest growth at CAGR of 2.8% in given period. Application in Hybrid electric vehicles (HEV), electric cars and awareness about growing pollution in environment will have positive impact in industry growth. The development of various alternatives and use of renewable energy so as to conserve natural resources such as fossil fuels is paving the way for use of power electronics devices in automobile sector.

Regional Insights
In 2016, the Asia Pacific region dominated in terms of market share which was about 40% and it is expected to continue its domination till 2025. This will create huge opportunities in different sectors mainly automobile and ICT. Government initiatives, low cost and operational benefits in emerging economies like India, Singapore, South Korea and china are attracting key players in market to set up their manufacturing unit.

The region has emerged has a promising manufacturing hub for electronics and is boosting manufacturing activities in region. The above factors mentioned is expected to drive market in Asia pacific region.

Competitive Insights
Some Major players in industry are Texas Instruments, Inc., Infineon Technologies AG, Mitsubishi Electric Corp, Qualcomm Inc. and Fuji Electric Co. The key players in developed and developing economies practice different strategic initiatives such as new product development, mergers and acquisitions to reach their customers and increase their market share.

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Printed Electronics Market Strategy Framework and Key Companies Analysis by 2014-2025

Industry Insights

Printed Electronics is a method use for creating electrical devices on various substrates. In 2015, printed electronics market size was valued at USD 3.02 billion and products are expected to gain traction resulting in significant growth of industry. The advantages such as low cost, flexibility, stretch ability and portability will lead to market growth. The use of IoT is providing growth opportunities across the sector. The adoption of OLED display and RFID devices is constantly increasing owing to its higher efficiency, low cost and low power usage. The use of polymer, paper and oligomers in production of printed electronics will have positive impact on industry.

The organizations are investing heavily on R&D resulting in continuous development of new products and innovations have enhanced existing abilities that are used across various fields. Printed electronics have undergone continuous upgrade and improvisation. The major players in industry are focusing on strategic initiative such as mergers and acquisition to increase their market share in emerging economies of Asia pacific regions. The manufacturer implements technology on different products such as display devices, smartphones based on necessity for sales purpose.

Asia pacific regions such as India, Taiwan, china and other regions is witnessing great demand for printed electronics technology and is predicted to dominate in coming period. Thin film Electronics ASA has signed agreement with CynMetrik for distribution.

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 Material Insights

The market is segmented based on material that include different components such as conductive inks and substrates. The ink segment will be major revenue generating segment and will dominate over forecast period.

The numerous benefits and vast application of printed electronics will drive the market in forecast period. Thus, the segment will contribute to growth of overall market. The use of nano imprint lithography technology is anticipated to have positive impact on market.

Technology Insights

Flexographic technologies, screen, inkjet and gravure are various technology used in printed electronics. In 2015, the screen printing technology segment dominated in terms of revenue and is expected to dominate in next six years.

Inkjet printing technology will witness growth over CAGR of 20% in coming period. The advantages such as low wastage and material consumption, low initial setup cost and flexibility will help in growth of segment.

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Devices Insights

The devices market is divided into photovoltaic, display devices, lighting, RFID and others. In 2015, the photovoltaic devices and display devices contributed largely in market share and will maintain its dominance over forecast period. The growing demand for active clothing, smart labels, flexible displays and animated posters animated and decorative posters is expected to boost the growth of printed electronics market.

The RFID device has its application in packaging sector which will drive this segment across globe. The demand for RFID devices is increasing in packaging sectors because of its advantages such as reliability, accuracy, authenticity and low cost. The segment will have highest CAGR from 2016 to 2025.

Regional Insights

In 2015, the Asia Pacific regional market dominated industry in terms of revenue. Increase in adoption of printed technology by end user resulted in spectacular growth. The boost in electronic manufacturing sector in this region will have a positive impact on printed electronics market

Increased investment in R&D and adoption of technology will fuel the North American and European regions market growth. The use of various technologies in industrial application such as lighting, photovoltaic and RFID are important factors in steady growth of industry. The region is estimated to witness significant growth over forecast period.

 Competitive Insights

BASF SE, PARC, DuPont, Molex, Inc., and E-Ink Holdings, Inc., are major players in industry. The key players are competing for understanding the market and establishing domination by investing in R&D, innovative product launches, and better printing capabilities.

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Plano Sunglasses Market Size, Market Segmentation, Market Trends and Analysis 2012-2020

Industry Insights

The Plano Sunglasses Market is analysed on a global level in this report. The global Plano sunglasses market was valued at USD 10,828.0 million in 2012 and is expected to grow at a CAGR of 8.0% from 2013 to 2020. Global shipments were estimated to be 285.5 million units in the year 2012, in terms of volume.

Plano glasses are also called non-prescription glasses. Plano sunglasses are the non-prescription lenses that are used to protect the eyes from harmful ultraviolet (UV) rays and not for correction of vision. They are mainly used to look good. Scientific studies show that exposure of the eyes to UV rays over a period may damage the human eyes and may lead to cataract. It may also cause damage to the retina. According to the report by American Optometric Association (AOA), overexposure towards solar radiation may risk of macular degeneration and can be tackled with the use of Plano glasses. The primary revenue is generated by the sale of a high-end product.

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Growing demand for smart products across the globe is one of the key factors for the anticipated market growth. The changing lifestyle, demand for fashionable sunglasses and the availability of technologically advanced products in urban areas are some of the important factors which are expected to drive the global Plano sunglasses market over the forecast period. Also, growing awareness among the general population regarding the importance of protecting the eyes is also the key driving force for the market. The global Plano sunglasses market has a huge opportunity during the forecast period, and hence major player in this market are focusing on increasing and developing their distribution channel globally.

One of the prime restraining factors for the global Plano sunglasses market is the vast majority of the population is affected by the visual deficiencies which include hyper myopia (farsightedness) and myopia (nearsightedness). Among this population, a large percentage of people rely on the use of spectacles, thus affecting the demand for Plano sunglasses. Besides, to serve the dual purpose of protecting the eyes and vision correction, Prescription Sunglasses are used.

However, the impact of this restraint is anticipated to reduce in the coming years, due to growing adoption of contact lenses and permanent vision correction procedures. For instance, the growing demand for the surgical procedure known as LASIK (Laser-Assisted In Situ Keratomileusis) used to lower the need for eyeglasses or contact lenses is anticipated to affect favorably to the global Plano sunglasses market over the forecast period. The growth in purchasing power of the end users and increasing wearer base is likely to fuel the growth of Plano sunglasses market.

Product Insights

On the basis of product type, the global Plano sunglasses market is broken down into non-polarized and polarized sunglasses. Standard non-polarized sunglass lenses are used to reducing the amount of visible light that enters the eye. Polarized sunglasses help in improving the visual sharpness and enhancing vision. These glasses make use of vertically aligned filters that helps in blockage of unwanted horizontally polarized light and thus allows useful vertical lights to enter into the eye. Polarized lenses are produced by using techniques such as molding, injection, vacuum forming and casting. Polaroid Eyewear also makes use of press-polishing forming which is a newly developed technology i.e. Resultant lenses are optically correct as they taper towards the edges and thicker in the center. Few of the polarized lenses have met the international standards such as Australian AS/NZS1067, European EN1836, American ANSI Z80.3, Chinese GB10810, and PTX4000. However, there are a few restrictions to polarized glasses, as they are not supposed to be used in the aviation environment, as it may reduce the visibility of instruments that are incorporated anti-glare filters.

Consumers are gaining awareness regarding the importance of protecting their eyes, and prefer polarized sunglasses despite their high selling price. This segment accounted for approximately 20% of the overall market in 2012 and is expected to show considerable growth in the coming years, with an estimated CAGR of 4.6% from 2013 to 2020.

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 Lens Material Insights

On the basis of the lens material the plano sunglasses market is broken down into polyurethane, CR-39 or allyl diglycol carbonate (ADC), polycarbonate, and others such as glass and nylon. Consumers focus on the water resistant lenses which are not prone to cracking and breaking.

CR-39 held the largest market share as in 2012, due to its cost effectiveness and durability. It also accounted for 40.8% of the overall market share in the same year. Although the Polycarbonate lenses are lightweight and superior impact resistance, they have less optical clarity and are lower scratch resistance. Despite the fact that glass contributes to the highest optical clarity still it accounted for a small percentage of the market and is further expected to grow at a CAGR of 2.4% over the forecast period which is lower than the global average.

Though glass lenses provide the highest optical clarity and scratch resistance, they are more expensive and are not very impact resistant. Sunglasses have tints so as to reduce the brightness. Green, gray and brown tints are color neutral. Gray lenses are recommended for ensuring color recognition. Other tints comprise rose, mirrored or yellow/amber. Major frame materials used in Plano sunglass production include metal, nylon and zyl.

Regional Insights

North America and Europe accounted for over 60% of the market in 2012, due to higher affordability limit among consumers as well as the presence of major players. Asia Pacific is anticipated to be the fastest growing market in the coming years, with an estimated CAGR of 10.1% from 2013 to 2020.

Despite low volume share, the European market is expected to be the highest contributor to global market revenue owing to high selling prices of Plano sunglasses and preference for premium sunglasses, particularly in Italy and Spain. The unorganized sector of countries such as India and China hampers the revenues of companies operating in the market. Sale of knockoff Plano sunglasses also negatively impact the brand value of industry participants.

Competitive Insights

The industry is characterized by mergers and acquisitions by key participants to consolidate market share. Safilo Group S.p.A. owns Polaroid which is a key brand in the polarized sunglasses space. Italy-based Luxottica Group S.p.A. was the largest market player in 2012, and has accrued a large number of proprietary and licensed brands through strategic initiatives. Safilo Group S.p.A. owns Polaroid, a key brand in the polarized sunglasses space. Major brands include Ray-Ban, Persol, Oakley, Vogue Eyewear, etc. other players are Marchon Eyewear, Marcolin Eyewear, Charmant Group, and De Rigo S.p.A. among others.

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Flue Gas Desulfurization (FGD) Market Growth Prospect Mapping and Restraint Analysis by 2012-2020

Industry Insights

The global Flue Gas Desulfurization Market was valued over USD 6.86 billion in revenue in 2013. The market demand is expected to witness growth due to rising consumption of fossil fuels in electricity generation. Stringent government regulations about emission of harmful gases are expected to have a positive impact on market growth.

Fossil fuels are burned to generate energy, which produces around 95% of the sulfur dioxide (SO2) gas in standard temperature conditions. Flue gas desulfurization process removes sulfur dioxide (SO2), which is generated by combustion of fossil fuels such as oil and coal. FGD technology has gained more importance owing to rising air pollution due to excess emission of SO2 gas during combustion processes. Growing need for electricity and rapid industrialization in developing economies is likely to propel the FGD market over the forecast period. Technological advancements coupled with decreasing FGD system capital costs can also act as an opportunity for the participants.

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Disposal of waste generated in FGD processes leads to increase in the maintenance and operation cost of FGD systems. The availability of alternative methods such as THIOPAQ, fluidized bed combustion, and hydro desulfurization is anticipated to act as a restraint to the FGD market over the forecast period.

Technology Insights

The FGD market has been segmented on the basis of technology into wet and dry FGD systems. Wet FGD systems accounted for a market revenue of over USD 6.0 billion in 2013 and are expected to witness market growth due to low maintenance costs and higher efficiency. In dry systems, the SO2 removal involves reagents such as limestone and lime are directly injected into flue gas whereas in wet systems reagent is mixed with water to remove SO2.

Application Insights

FGD market includes application segments such as new FGD systems and reagents & replacements. Growing electricity demand in developing economies on account of urbanization and rapid industrialization is expected to boost the market growth of new FGD systems. Growing usage of reagents like sodium hydroxide, dibasic acid, and limestone in sulfur dioxide extraction is likely to drive the demand for this application segment over the forecast period.

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Regional Insights

Asia Pacific dominated the FGD market in 2013 by accounting over 50% of market share due to a presence of a large number of fossil fuel power plants. The growing chemical and iron & steel industry in the region are expected to drive market growth. The stringent government regulations regarding air pollution are expected to result in increased demand for FGD systems over the forecast period.

In 2013, Europe and North America together accounted over 40% market share. The market is driven by growing application of new FGD systems. Replacement of outdated parts in FGD systems in old power plants is anticipated to drive market demand over the forecast period. Competitive Insights

Key players in the FGD market are Lonjing Environment Technology Co. Ltd., Marsulex Environmental Technologies, Hitachi Power Systems America Ltd., Chiyoda Corporation, China Boqi, Mitsubishi Heavy Industries, Hamon Research-Cottrell, Ducon Technologies Inc., Thermax, Siemens Energy, Babcock & Wilcox, and Alstom S.A. Joint ventures, new contracts, acquisitions, expansions and new product launches are the key strategies adopted by the industry participants to achieve growth.

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Glycerol Market Variables, Trends and Scope Analysis by 2012-2020

Industry Insights

The global Glycerol demand was 2,247.2 kilo tons in 2013 and is expected to reach 3,469.2 kilo tons by 2020, growing at a CAGR of 6.4% from 2014 to 2020. The increase in production of oleo chemicals coupled with growing downstream opportunities is anticipated to propel market demand over the forecast period. Declining usage of synthetic products such as propylene glycol is likely to fuel consumption of glycerol.

Glycerol also is known as glycerine, it’s a core compound of all triglycerides. Glycerol can be sourced either from artificial or natural means depending on a raw material used in its manufacturing. Glycerol finds its applications in preservatives, antifreeze chemicals, explosives, and food sweeteners due to its chemical properties. Growing healthcare technologies are likely to drive the market growth over the forecast period. Uncertain feedstock supply, fewer profit margins for refinement processes can act as a restraint to the glycerol market. Unstable government legislations and industry subsidies are affecting the profitability of manufacturers which is expected to have a negative impact on glycerol production.

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 Source Insights

The major sources of glycerol are biodiesel, fatty acids, and fatty alcohols. In recent times, bio-diesel is the largest source for the production of glycerol. The process of using bio-diesel alcohol in glycerol production is known as transesterification process, which is economical over other synthetic processes. Saponification and hydrolysis are the other methods of glycerol production.

Application Insights

Pharmaceuticals and personal care were the largest application segment of this market. Glycerol finds its application in skin products owing to its healing properties and nutritive value. It is also used in health products due to its sweet tasting features and laxative properties.

The growing demand for coatings and paints industries is expected to have a positive impact on market demand. Glycerol also finds its applications in explosive production, tobacco humectants, perfume production, and food preserving. Glycerol is the precursor to important chemicals such as 1-3 propanediol, Epichlorohydrin, and Propylene Glycol owing to which the downstream applications of this product have attracted a lot of attention.

Regional Insights

Europe is the largest region in the market due to growing demand in food & beverages, pharmaceuticals, and personal care segments. Its growing application in the production of specialty chemicals such as propylene glycol and epichlorohydrin is driving the demand for this product.

China is likely to consume high glycerol owing to rising production of epichlorohydrin in this economy. The presence of a large number of coatings and paints industries in Asia Pacific is expected to drive the market demand. The rising consumption of cosmetic products and pharmaceutical containing glycerol is likely to witness a significant growth over the forecast period.

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Competitive Insights

The key players in the market are Vitusa Product (U.S.), Emery Oleochemicals LLC (U.S.), Cremer Gruppe (Germany), Dial Corporation (U.S.), Kashima Chemical Co., Ltd. (Japan), Sumi Asih Oleochemical Industry (China), Twin Rivers Technologies, Inc. (U.S.), Pt Cisadane Raya Chemicals (Indonesia), Kao Corporation (Japan), Sakamoto Yakuhin Kogyo Company Ltd. (Japan), Pt Flora Sawita Chemindo (Indonesia), Pacific Oleochemicals Sdn Bhd (Malaysia), United Coconut Chemicals, Inc. (Philippines), Croda International Plc. (UK), Archer Daniel Midland (U.S.), IOI Oleochemical Industries Berhad (Malaysia), Dow Chemical Company (U.S.), Godrej Industries Ltd. (India), Kuala Lumpur Kepong Berhad (Malaysia), Solvay SA (Belgium), Procter & Gamble Chemicals (U.S.), Wilmar International (Singapore), Sofiprotéol Group (France), and Cognis Corporation (U.S.), etc.

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Europe Food Can Market Research Methodology and Market Estimation by 2014-2025

Industry Insights

Europe Food Can Market was valued at $10.17 billion in 2015 and is expected to continue with the growing streak due to soaring demand for packaged food. The need of superior packaging alternative can act as a driver this market over a given period. Frequent changes in the price of raw material can act as a barrier in industry growth. The canned fish products will be in demand because of lifestyle of the consumers in European economics. It is forecasted that that demand for exotic fish and fish products will eventually go up. Spain and Italy are two economies that have high imports of large scale production of canned fish products.

In Europe UK is important market for food can and it will increase at a significant rate observing the consumer demand for packaged products. The dependency of consumer on meat and powdered products packages will have a positive impact on the industry growth. This market segment will benefit from demand for sustainable natural food and organic food product for their pets. Higher nutrient preservation by such packaging will act as driver for metal packaging for pet food.

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The technological advancement has to be considered for the production of new products with superior product dispensing characteristics and increased aesthetic appeal. Another important driver can be higher convenience level with metal packaging. The market in Europe is characterized by product innovations and production technologies. In addition, the need for increase in the profit margins of can manufacturers promotes investment in the advancement of production technology to reduce raw material requirement and increase production efficiency.

 Product Insights

Over a period from 2016 to 2025, Aluminium food cans are expected to register growth at CAGR of over 2% in comparison with Steel cans. Also they are light in weight and has superior strength. In addition, ease of printing on the product coupled with easier can design modifications is expected to emerge as the major growth drivers.

In European market Steel food cans has a significant market share due to its properties like recyclability and excellent temper resistance. Increase in packaging of single serve meals and edible products can act as driver for high volume demands of Steel cans. However, it is expected to witness limited demand because of Aluminium cans.

Application Insights

The use of the product for packaging fruits is expected to account for over 25% of the revenue in Europe driven by a high production volume of canned fruits in Russia. The demand for the product by the consumers across the region is expected to be driven by the use in salads and fruit puddings. Consumption of corned meat has lead to expansion in meat can industry in Europe. Major food cans manufacturer such as Crown holding in france has expanded its business that has lead to growth in segment in the region.

Period from 2016-2025 will notice a growth at a rate of CAGR of over 1% by revenue for ready meals and reason for it is natural likings of consumers from Germany and Russia. Rising demand for fresh cooked food can be a restraint for its growth.

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Country Insights

Over a given time period CAGR of over 3% by revenue is a expected market growth in Turkey which makes it a key market for the product. . The demand is expected to benefit from the rapidly changing economic conditions leading to an increase in consumer changing power.

Germany on the other hand accounted over 8% of volume share in Europe by consumption of meat and fish products in the region. Change in consumer preference towards adoption of fresh products has affected a growth by small margin in the region

Competitive Insights

The industry exhibits the presence of a number of large players operating their businesses through high production capacities and an extensive distribution network. The manufacturers in the region lay high emphasis on the research & development for the production of advanced cans to attract the consumers.

The manufacturers provide empty cans to the food processing companies that fill the product either through self-owned filling locations or through third party filling companies. The advantages of a third party filling include the cost reduction in the operations and setting up of the filling channels by the processing companies. This report forecasts revenue and volume growth at country levels and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2025.

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Speech Analytics Market Information Procurement and Data Analysis by 2014-2025

Industry Insights:

IT & Telecom, BFSI are the major industries in which Speech Analytics is used. As these industries are growing at a good pace, the global speech analytics market is expected to witness growth in the future. Innovations of solutions are required because of rising demand for risk, compliance management as well as increasing number of contact centers, so these solutions must help companies to understand the changing customer requirements. So this will help to open new roads for the industry for concerned period.

In the U.S., the Dodd-Frank Wall Street Reform in addition to Consumer Protection Act putting pressure on bankers for pulling records of mobile phone transactions so because of this kinds of pressure for protection of intellectual assets for improving efficiency along with agility in operation by using insights in the Voice Of customer (Voc).

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Type Insights:

Number of contact centers is using speech analytics solutions all over the world for the applications like compliance management, customer performance management, agent performance management and it also help to gain the market intelligence. In 2015 the solution segment gained significant market share also it will control the market in the given period. however because of higher adoption it will be expected to witness maturity phase with service segment will gain from this help it for doing well in upcoming nine years.

The service segment is expected to grow at the at rate more than 8 % of CAGR in forecasted period. Services are necessary to manage the extensive portfolio of solutions that market offers which help organization to expand business process to gain competitive advantage.

Deployment Insights:

50% of the total revenue came from the on-premised employment in 2015.system furthermore data was better controlled by On-premise solutions however this segment might witness a sluggish growth because of high cost of deployment methods, requirement of dedicated IT staff for maintenance, requires high-end IT infrastructure as compared to the cloud deployment.

As a result of this edge cloud based deployment segment gained a considerable share in 2015 this will drive high demand in the forecasted period.IT, BFSI, Media & entertainment will drive the demand for cloud deployment options.SMEs are also getting cost effective solutions from the New firms in the market.

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Enterprise Size Insights:

40% of total share came from the SMEs in the year 2015 furthermore it will be expected to grow at a CAGR exceeding 8% in forecasted period. This figure helps to boost speech analytics solution for security systems applications which help to improve customer experience. Web enabled services, applications help Small and Medium-Sized Business (SMBs) to run their business efficiently. Also cloud analytics will help to increase in the product demand among SMEs.

End-Use Insights:

Telecom sector accounted over 15% share in 2015 and expected to grow more in the forecasted period. the industry using speech analytics has many advantages like hold over infrastructure, ease of issues resolving, increase in productivity, Decrease in stress, time as well as money saving.

Similarly It industry will witness growth because of adoption of speech analytics tool in business process outsourcing (BPO) industry. Speech analytics demand will further enhance because of advancement in the technological tools

Regional Insights:

20% of the total share came from North America in 2015 because of the presence of large number of vendors in the region especially in US. however due to high adoption of the technology in this region, it will show slow growth over the forecasted period. On the other hand Asia Pacific region is expected to perform good and witness high growth at a CAGR of over 7%.due to high growth rate in this region the leading players in the industry will offer companies in the region innovative solutions.

Competitive Insights:

Only few players are present in this market worldwide in which the major players are Avaya Inc., Nice Systems, verint Systems, Call Miner, nexidia.Genesys.these players are investing large amount in R&D to enhance accuracy along with technological Capability of the product. Also to gain competitive advantages over the other players in the market they are using tools like strategic alliances. Acquisition of Nexidia by Nice Systems to expand its usage in critical business is a key example.

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Smart Glass Market Value Chain Analysis and Technology overview by 2014-2025

Industry Insights

The global Smart Glass Market size was valued at USD 2.81 billion in 2016. Smart glass is also known as magical glass or switchable glass. Smart glass changes its transmission properties when heat, light or voltage is applied. Smart glass is used in windows, doors, skylights, and partitions in residential and commercial buildings. Smart glass helps to reduce the cost of heating, lighting and air conditioning. The market growth is associated with the capacity of the glass to transform light and adjust heat depending on the external environmental conditions. Building owners started displaying an inclination towards adopting this technology, after realizing the long term benefits attributed to energy efficiency.

The industry is achieving heights owing to the development of strict regulations with respect to efficiency of energy and large-scale urbanization in developing countries. Elevated investments in the construction of smart glass in connection with the creation of industrial-scale production capacity, has significantly added towards market growth. Expanding consolidations among technology provider and supplier are nourishing the progress of smart glass as per a wide range of application areas

.

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Factors like growing usage in marine, aviation and power generation are encouraging industry extension. Growing adoption of green initiatives such as eco-friendly and green buildings, non-electric technologies such as thermochromic, etc. are the factors that are driving the growth of the industry. In the replacement market, shifting demand towards active smart glass from passive smart glass design is adding stress to the acceptance of the products.

Due to the rising recognition of the advantages of smart glass over a plain glass in the body of automobiles and airplanes, there has been a growth in the adoption of smart glasses in the automobile and aircraft industries. In addition, development of creative solutions had led to the growth of smart windows in the architectural sector. Government support and initiatives are also adding to the industry demand.

Technology Insights

On the basis of technology, the market is segmented into SPD (Suspended Particle Devices) Electrochromic, PDLC, and Thermochromic. SPD held a market share of around 40% in 2016. SPD is an electrochromic glass that can be tuned, manually or automatically to control the light, heat, and glare entering the premises. The growth of SPD glasses can be traced to its high electricity saving capabilities.

Electrochromic glass applies the electrochromism principle, which allows the materials to change the color or opacity when a burst of charge is applied. Electrochromics and SPD are used commonly in automotive and architecture applications. Thermochromic is used for power generation application.

Due to the increased attention on the use of ‘Green Energy,' the North America and European regions are predicted to come up as the leading markets for liquid crystal (LC) smart glass. Besides, the high durability and quick light control capacity of liquid crystal smart glass is anticipated to increase the demand throughout the forecast period.

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Application Insights

On the basis of application, smart glass market is segmented into Architectural, Transportation and Consumer Electronics. The Transportation segment dominated the market with a revenue share of 45% in 2016. It is anticipated to come up as the most advantageous segment due to the growing acceptance of this technology by premium and medium-sized car manufacturers. The enormous tuning and fast-switching features of smart glass facilitate to reduce unwanted glare and light thus allow user to appreciate the glare-free view. The heat-blocking features help in improving the fuel efficiency and reducing the carbon emissions in vehicles.

Also, automotive OEMs (original equipment manufacturer) are highlighting to lower both the CO2 emissions and energy consumption. To fulfill this, producers are creating solutions such as anti-heat glass and glazing solutions. The increasing penetration of luxury automobiles in the Asia Pacific region as well as increased income levels of the audience are the major drivers for the growth of the industry in automotive applications. Similarly, in the aerospace sector, several OEMs including The Boeing Company, Beechcraft Corporation, Airbus SAS, Bombardier Inc. and Embraer S.A. are transitioning towards electronically dimmable windows.  The construction sector is supposed to be promising sector due to its higher rate of growth with continuous investments in smart technology. In the Middle Eastern region, a majority of high towers and skyscrapers have integrated smart glass for exterior structure fabrication so as to enhance reduction of heat and light transmissions thus maintaining internal ambiance.

Regional Insights

North America dominated the smart glass market in 2016 with a share close to 35%. Favorable regulations and instructions have led to the growth of these products in the region, thus enabling overall saving of energy and reduction the maintenance costs which leads to a positive impact on the growth of the market.

The European Union territories and the U.S. governments are planning to regulate the adoption of smart glass-incorporated electronics equipment and have directed their transport departments toward the same. Furthermore, the existence of key participants and rising production of automotive are fueling the market growth. The industry is expected to be directed by the acceptance of premium products, such as laminated glazing, and the legislation of energy conservation regulations to build in mature markets such s Europe and North America. In the case of developing markets, growing construction sector is anticipated to provide growth avenues.

Competitive Insights

The major participants in the industry include Saint-Gobain S.A., Asahi Glass Co., Ltd, DuPont, and Corning Incorporated. The industry is dominated by a few major players who provide niche solutions for end-use applications.

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Agriculture Drones Market Sales, Revenue, Price, Market Share and Growth Rate to 2024

The increasing venture funding rendered to a drone manufacturer is anticipated to drive the market

Agriculture Drones is use of drones in farming that helps farmers to monitor crop growth and increase crop production. In 2015, the agriculture drone market was valued at USD 193.4 million globally. Agriculture drones are used for collecting high-quality data and its data processing tools are less expensive and easy to use. The use of advance technologies and its increasing awareness among farmers will propel the growth of market. The advantages such as efficient water usage, fertilizers and land, better productivity will drive the market of Agriculture drones. The various capabilities such as imaging capabilities, sensors, and better materials will lift the market.

The hybrid agriculture drone is expected to portray the highest growth over the forecast period

The market share of Hybrid drones is expected to be highest by 2022. The drones take snapshot of different sectors of field that provides crucial and important data regarding crop, soil and yields in order to assist in crop management. Agriculture drones are emerging as a lucrative sector due to its small size, low cost and easy use.

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The UAV-based start-ups are booming due to its application in wide areas. The start-ups are focusing on providing hardware and software and services that will cover about 80% of market. The Universities, technical institute and different organizations are organizing various programs to provide guidance for operating UAV’s, which is expected to propel market. Government regulation and lack of trained pilot in some regions may act as barrier to market growth.

The market, based on products is fragmented into rotary blade, fixed wing and hybrid. The emerging need to carry heavy payloads will help fixed wing UAVs to dominate the industry over forecast period. The capability of hybrid UAV’s such as covering long distance will help them to grow with a CAGR of 40% from 2016 to 2024. Compared to manned aircraft, the UAV’s are capable to monitor field areas with ease which will have positive impact on market growth.

The crop scouting application is projected to witness a significant growth over the projected period

The Application segment is divided onto Variable rate application, field mapping, crop scouting and others. In 2015, among these, the filed mapping segment dominated the business in terms of revenue. Farmers striving hard to increase productivity of crops by making use of advance technology is expected to drive field mapping Segment.

The drones are capable of spray fertilizers accurately without causing any problem can act as important factor in growth of Crop scouting segment in next seven years. In addition, the development of Normalized Difference Vegetation Index (NDVI) is expected to help crop scouting to contribute more in market. NVDI makes use of near-infrared sensor that is use to capture data that cannot be captured by human eye.

The Asia Pacific region is expected to witness a significant growth from 2016 to 2024

Asia Pacific agriculture drone industry will have a compelling growth among different regions over the forecast period. The emerging economies in these regions are constantly investing in R&D to make efficient and advanced drones. Different companies are developing economical and efficient UAV’s that has vast applications in farming sector.

The North American region will dominate the agriculture drone industry. The emerging need to increase productivity and trends of implementing UAV’s is anticipated to influence market growth. The need of precision farming has led farmers to use UAV’s in farming.

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 DJI Technology and 3D Robotics are the major players in the industry

Acquisitions and providing efficient tools to farmers for better management of operations are key strategies of major players in Industry. DJI technologies, Trimble Navigation ltd, AeroVironment Inc. and 3D Robotics are major players that hold large share in drone manufacturing industry.

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Automated Guided Vehicle (AGV) Market Key Manufacturers, Market Dynamics, Analysis And Forecasts To 2024

The growing trend of industrial automation is anticipated to drive the AGV market

Automated Guided Vehicles (AGV) are used to transport loads to places where repetitive movements of material is required with little or no human intervention. In 2015, the AGV market size was valued at USD 810.4 million and is predicted to expand at CAGR of 7.3% in next seven years. Industries are aiming to achieve high productivity by minimizing waste in manufacturing process.

High labor cost is primary challenge in industry and consistent increasing labour cost in recent times has forced manufacturers to undertake decisive solutions in order to stay competitive in market. AGV are unmanned automated systems that transport all kind of products within warehouse, distribution and logistics environment that reduce cost and increase profitability and efficiency. Technological advancement in field of robotics has helped to increase productivity. The high initial set-up cost can act as barrier in industry growth hence, restricting AGV applications to medium-sized and large enterprise. Average cost of magnetic guided vehicle is around USD 100,000.

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Tow vehicles segment topped the total market in terms of revenue in 2015

In 2015, in terms of revenue the tow vehicle segment dominated among other segments and accounted for 36.7% of overall market share. The segment is expected to reach 37.4% in terms of revenue by 2024. Advancement in automation, workplace safety norms, increasing productivity and low operational cost is fueling demand for tow vehicles. The pallet truck segment is expected to grow at a CAGR of 6.8% from 2014 to 2024.

The requirement of minimum change, in the existing infrastructure, is anticipated to drive the adoption of natural navigation technology-based AGV. The natural navigation technology is advanced technology used in AGV which eliminates the need of reflectors or markers. The boundaries for controlling AGV path are removed along with less installation time and low cost. In 2015, AGV’s based on vision guidance navigation technology accounted for 36.7% of overall market revenue. Vision guided vehicles builds three-dimensional map with the help of images that makes them effective and has increased their popularity.

The assembly and packaging application segment accounted for the highest market share

In 2015, the assembly line vehicles segment accounted for 67.1% of overall market share in terms of revenue. The increasing demand of assembly line vehicles in automobile and food & beverage industry are vital factors in AGV’s market growth.

The healthcare industry is estimated to emerge as the fastest growing end-use industry

Modern hospitals have increased in size and patient capacity; this will propel the market of AGV in medical and healthcare sector. AGV’s can be used to transport patient meals, surgical case carts and medical equipment. In 2015, the automobile industry accounted the highest share in terms of revenue. The use of robotics and automated systems on assembly lines will drive the market

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 The Asia Pacific region is expected to observe the largest adoption of AGVs during the forecast period

The Asia Pacific regional market is predicted to have strong growth rate due increasing demand for AGVs in the automobile and the retail sectors. In 2015, Asia pacific accounted for 39.6% of overall market share in terms of revenue which will be 40.4% by 2024. Egemin Automation, Inc., Kiva Systems, Dematic Corporation, Kollmorgen Corporation, and JBT Corporation hold a significant market position

Innovation and technological trends has made AGV industry highly competitive. The major players in AGV industry are Egemin Automation Inc, Daifuku Co. Ltd., JBT Corporation, Swisslog Holding AG, Bastian solutions Inc, Dematic Corp., Seegrid Corporation. The companies are focusing on inorganic growth strategies to expand their business globally.

Hyster-Yale Group Inc., Ek Automation, Baylo Inc., Toyota Industries Corporation, KMH systems Inc., and Kollmorgen are some other major players in industry.

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Automotive Air Filter Market Overview, Share, Growth, Competition Analysis by key Players

Industry Insights

The Automotive Air Filters Market is valued at $756 million in 2015 and will grow at a CAGR of 8.8% from 2014-2024. Since 1980s the automotive sector of North America is integrated and accounts for 40% of trade in the region. After 2008 - the recession period the automotive industry has grown significantly owing to linearization of trade and investments. The increasing concern of the greenhouse gases emission which has given rise to many climatic changes, environmental and heath related problems has fetched the government of North America to respond and impose stringent environment regulations on original equipment manufacturers for emissions control and fuel economy.

Considering the cabin air filter market, North America is not far behind Europe. Consumers in American market are health cautious which allows other companies also to grow their business. As the number of vehicles in the region increases the duration for filter replacement decreases which proves to be advantageous for market players to cling on to the opportunity.

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Product Insights

Fibrous materials constitute major part of an air filter which is used to remove solid particles like dust, bacteria, pollen from the air that is fed to the engine. A filter which consists of a catalyst or absorbent is chemical filter which removes organic contaminants.

A filter consisting of a catalyst or absorbent is used for removing ozone or volatile contaminants. Air filters are being used in applications where air quality is of vital importance, notably in building ventilation systems and in vehicle engines. The cabin automotive air filter is a paper-pleaded filter, which is located in the air intake from outside for the passenger compartment of the vehicle. Some of the automotive air filters are rectangular or similar in shape as that of the combustion air filter, others have a unique shape to fit the available space of outside-air intakes.

The very first automaker to provide a disposable air filter in order to clean the ventilation system was Nash Motors. The combustion automotive air filter restricts particulate matter to enter into the engine’s cylinders, where it can cause oil contamination and mechanical wear. Nowadays, fuel injected vehicles are using a paper pleated filter element that is in a flat panel form. These filters are placed in a plastic box connected with a throttle body. Older vehicles using throttle body or carburettors fuel injection system use a cylinder air filter, which are a few inches and are between 6 to 16 inches.

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The North American automotive air filter market is expected to reach USD 1.6 billion by 2024. High penetration of automotive sales as well as presence of many OEMs in the region has resulted in higher penetration of air filters. Large number of vehicles plying on road combined with consumer awareness pertaining to the periodic maintenance will probably trigger the market growth over the forecast period. The automotive air filter market is expected to grow at CAGR of 7.8 % during 2013-2018. The expected revenue to be generated is $157.15 billion by 2018.

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