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The UPS Market was estimated around USD 9.7 billion in 2021and is expected to reach USD 16.9 billion in 2029, growing at a CAGR of 7.1% over the forecast period (2022-2029).
The factors driving the growth of UPS Market includes rising number of data centers around the world, emerging trend of remote working or Work from Home (WFH), expansion of the manufacturing sector and increasing demand for Uninterruptible Power Supply (UPS) systems in the residential and commercial sectors. Moreover, fall in the prices of lithium-ion batteries, technological advancements in UPS systems, rapid urbanization and increasing rate of voltage fluctuations, are some of the additional factors supplementing the market growth. In addition, the increasing investments by leading players on research and development, integration of advanced technologies such as Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT) and Cloud Computing with UPS systems, rising population growth rates and improvements in the living standards, are further contributing towards the UPS Market share.
However, growth of the UPS Market is hindered due to high installation and maintenance costs of UPS systems.
The major players operating in the market are Luminous Power Technologies, Mitsubishi Electric Corporation, Su-Kam Power Systems Ltd., Schneider Electric SE, Eaton Corporation Plc., Emerson Electric Company, Microtek International Private Ltd., Legrand, Vertiv Co., ABB Ltd., and Hitachi Hi-Rel Power Electronics Pvt. Ltd., among others.
Based on Type, the Offline UPS segment is predicted to grow at a significant CAGR during the forecast period
Offline UPS systems are cost-effective, comes with modular designs and provides greater reliability along with growing demand for consumer electronic such as security systems, computers, and POS systems, are some of the factors responsible for the segment’s growth.
In contrast, the Online UPS segment is projected to capture the largest market share during the forecast period because the Online UPS systems reliable and efficiently handle different power supply challenges without interrupting overall operations.
Based on Region, the Asia-Pacific region is anticipated to expand at a remarkable CAGR over the forecast period
Presence of the leading players such as Mitsubishi Electric Corporation, Su-Kam Power Systems Ltd., and Hitachi Hi-Rel Power Electronics Pvt. Ltd, rapid growth in the manufacturing sector, rising per capita incomes and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific region.
Key Development
In Mar 2019, Eaton Corporation introduced three new products Eaton DX-RT 06-10 kW, Eaton 9E-IN 1/2/3 kVA, and Eaton 9E-IN 06-10 kW UPS system. These products are designed to provide protection to critical applications in healthcare, IT and SME sectors.
Market Segmentation
Segmentation by Type
Online UPS
Offline UPS
Line Interactive UPS
Segmentation by Power Rating
Less than 5KVA
1KVA-50KVA
1KVA-200KVA
Above 200KVA
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media Contact Company Name: GMI RESEARCH Contact Person: Sarah Nash Email: enquiry@gmiresearch.com Phone: Europe – +353 1 442 8820; US – +1 860 881 2270 Address: Dublin, Ireland Website: www.gmiresearch.com
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The Organic Oats Market is estimated to grow at a robust CAGR of 3.1% over the forecast period (2022-2029)
The factors driving the growth of Global Organic Oats Market includes increasing consumers inclination towards adopting healthy lifestyles, growing demand for gluten free food products around the world rising popularity of convenient food items. Moreover, easy availability of organic oats products at online platforms and supermarkets, rise in the launch of innovative flavors by manufacturers, growing awareness about the health benefits of organic oats, busy lifestyles, and rapid urbanization, are some of the additional factors supplementing the Organic Oats Market share. In addition, the increasing investments by leading players on research and development, strategic mergers, and acquisitions between key industry leaders, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.
However, growth of the Organic Oats Market is hindered attributed to variations in the prices of organic oats.
The major players operating in the market are Nairn’s Oatcakes Limited, General Mills Inc., Bob’s Red Mill Natural Foods Inc., Willow Creek Organic Grain Co. Inc., Bagrry’s India Ltd., Unigrain Pty Ltd., Nature’s Path, The Hain Celestial Group Inc., Quaker Oats Company, Morning Foods Limited, Avena Foods Limited and NOW Health Group Inc., among others.
Based on Application, the Breakfast Cereals segment is predicted to hold the highest market share during the forecast period
Rising prevalence of health diseases such as diabetes and obesity and growing demand for convenient food items, are some of the factors responsible for the segment’s growth.
Based on Distribution Channel, the Hypermarkets/Supermarkets segment is projected to expand at a remarkable CAGR over the forecast period
Hypermarkets offer wide range of organic oat products at attractive discounts and provides free home delivery options, are some of the factors propelling segment’s growth.
Based on Region, the North American region is anticipated to capture the largest market share during the forecast period
Growing demand for low-calorie food products, rising prevalence of cardiovascular disease and diabetes, consumers inclination towards adopting healthy diets, increasing population growth rates and high per capita incomes, are some of the important factors augmenting the Organic Oats Market size in North American region.
Key Developments
In 2017, General Mills invested around USD 3 million in granola maker Purely Elizabeth, this collaboration will provide General Mills innovative product line as a healthy ingredient option for the end-users.
In 2016, Bob’s Red Mill Natural Foods introduced a new Gluten Free Organic Oats which is made up of the kiln-toasting method and organically USDA certified.
Market Segmentation
Segmentation by Product Type
Steel cut oats
Rolled oats
Oat flour
Oat Bran
Segmentation by Application
Breakfast Cereals
Bakery products
Snacks and Savory Products
Others
Segmentation by Distribution Channel
Hypermarkets/Supermarkets
Convenience Stores
Specialty Stores
Online Stores
Others
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media Contact Company Name: GMI RESEARCH Contact Person: Sarah Nash Email: enquiry@gmiresearch.com Phone: Europe – +353 1 442 8820; US – +1 860 881 2270 Address: Dublin, Ireland Website: www.gmiresearch.com
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The Lighting Control System Market was valued around USD 18,943 million in 2019 and is predicted to grow at a CAGR of 14.1% over the forecast period (2020-2027).
The factors driving the growth of Lighting Control System Market includes rising consciousness about reducing energy consumption, expansion of the smart city network, increasing installation of smart lighting systems around the world and improvements in the living standards. Moreover, Government schemes promoting the use of energy efficient products, technological advancements in lighting control systems, shift from using conventional lighting to LED, rapid digitalization and rising focus on modernizing the lighting infrastructure, are some of the additional factors supplementing the market growth. In addition, the increasing investments by leading companies on research and development, strategic mergers, and acquisitions between key industry players, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.
However, growth of the Lighting Control System Market is hindered due to high installation cost of lighting control systems.
The prominent players operating in the market are OSRAM, Acuity Brands Lighting Inc., Schneider Electric SE, Legrand S.A., Philips Lighting Holding B.V., Honeywell International Inc., Hubbell Incorporated, General Electric Company, Lutron Electronics Co., Inc. and Ideal Industries, Inc., among others.
Based on Type, the New Installations segment is expected to expand at a remarkable CAGR during the forecast period
Growing demand for smart lighting control systems in corporate offices, parking spaces, and shopping malls and rising adoption of advanced technologies, are some of the factors responsible for the segment’s growth.
Based on Offering, the Hardware segment is projected to capture the largest market share over the forecast period
As per the Global Lighting Control System Market Forecast, growing demand for LEDs across the globe, is major factor pushing the growth of the segment.
Based on Region, the Asia-Pacific region is anticipated to hold the highest market share during the forecast period
Rise in the installation of smart lighting systems, increase in Government’s expenditure on smart city projects, rapid urbanization and high population growth rates are some of the important factors augmenting the Lighting Control System Market size in Asia-Pacific region.
Key Developments
In 2019, Acuity Brands Lighting Inc. launched Modulus, a low voltage distributed power and control system which offer digital control and network technologies for LED luminaires.
In 2019, Ideal Industries, Inc., completed the acquisition of Cree Lighting, a lighting Product business unit of Cree, Inc. The acquisition includes LED lighting fixtures, lamps, and corporate lighting solutions business for commercial, industrial, and consumer applications.
In 2018, Lutron Electronics Co., Inc. completed the acquisition of Ketra, a natural light solution provider. Through this acquisition, Lutron plans to expand its product offering and provides its target customer with a more comfortable, productive, and pleasant environment at home and at work.
Market Segmentation
Segmentation by Installation Type
New Installations
Retrofit Installations
Segmentation by Offering
Hardware
LED Drivers and Ballasts
Sensors
Switches
Manual On/Off Switches
Electronic Switches
Dimmers
Wired Dimmers
Wireless Dimmers
Relay Units
Gateways
Software
Local/Web Based
Cloud Based
Services
Professional Services
Installation and Maintenance Services
Segmentation Market by End-use Application
Indoor
Residential
Commercial
Industrial
Others
Outdoor
Highways & Roadways Lighting
Architectural Lighting
Lighting for Public Places
Segmentation by Communication Protocol
Wired
DALI
PLC
POE
Wired Hybrid Protocols
Others
Wireless
ZigBee
Bluetooth/BLE
EnOcean
Wi-Fi
6LoWPAN
Wireless Hybrid Protocols
Others
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media Contact Company Name: GMI RESEARCH Contact Person: Sarah Nash Email: enquiry@gmiresearch.com Phone: Europe – +353 1 442 8820; US – +1 860 881 2270 Address: Dublin, Ireland Website: www.gmiresearch.com
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Medical Electronics Market
The Medical Electronics Market is projected to grow at a robust CAGR during the forecast period (2021-2028).
The factors driving the growth of Medical Electronics Market includes increasing geriatric population, growing demand for portable medical devices and rising use of radiation therapy to treat diseases and financial assistance to senior citizens by Government across the globe. As per the report published by World Health Organization (WHO), the population aged 60 years and above is expected to rise from 1 billion in 2020 to reach 2.1 billion by the end of 2050 and population aged 80 and above are anticipated to triple during 2020 to 2050 to reach 426 million. Moreover, the growing application of small sized medical devices to monitor blood sugar levels and blood coagulation along with integration of advanced technologies such as Internet of Things (IoT) and Artificial Intelligence (AI) in medical electronic devices, are expected to boost the Medical Electronics Market size in the approaching years. In addition, increasing disposable income, improving living standards and development in the healthcare facilities, are some of the additional factors propelling the market growth.
The growth of Medical Electronic Market is hindered due to strict Government regulations on standard quality of medical electronic devices and high capital cost.
The prominent players operating in the market are NXP Semiconductors., Cypress Semiconductor Corporation., Renesas Electronics Corporation., Analog Devices, Inc., Texas Instruments Incorporated., Maxim Integrated, Semiconductor Components Industries, LLC, TE Connectivity., Medtronic and STMicroelectronics among others.
Application – Segment Analysis
Based on Application, the medical imaging segment is projected to expand at healthy CAGR over the forecast period. The increasing number of chronic diseases such as cancer and diabetes and rising Government expenditure on improving the healthcare facilities in the developing Countries, are some of the factors responsible for the growth of the segment.
End-User Products – Segment Analysis
Based on End-User Products, the Ventilators and RGM equipment segment is predicted to capture a sizeable market share during the forecast period increasing number of respiratory diseases around the world.
Application – Segment Analysis
Based on region, the North America region is anticipated to capture the largest market share over the forecast period. High life expectancy, availability of developed healthcare infrastructure, high per-capita income and increasing demand for advanced medical devices, are some of the important factors accelerating the market growth in North American region.
Market Segmentation
Global Medical Electronics Market by Component
Sensors
Batteries
Displays
MPUs/MCUs
Memory Chips
Global Medical Electronics Market by End-User Products
Diagnostic and imaging devices
Patient monitoring devices
Medical implantable devices
Ventilators and RGM equipment
Global Medical Electronics Market by Application
Medical imaging
Clinical, diagnostic, and therapeutics
Patient monitoring
Flow measurement
Cardiology
Other
Global Medical Electronics Market by Medical Procedure
Non-invasive
Minimally invasive
Invasive
Global Medical Electronics Market by Medical Device Classification
Class I
Class II
Class III
Global Medical Electronics Market by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media Contact Company Name: GMI RESEARCH Contact Person: Sarah Nash Email: enquiry@gmiresearch.com Phone: Europe – +353 1 442 8820; US – +1 860 881 2270 Address: Dublin, Ireland Website: www.gmiresearch.com
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LNG Market
The Liquified Natural Gas (LNG) Market was valued around USD 94.0 billion in 2019 and is expected to reach USD 137 billion by the end of2027, growing at a CAGR of 4.8% over the period (2020-2027).
The factors driving the growth of LNG Market includes rise in the energy consumption around the world, degradation of coal reserves and increasing application of LNG for food processing, Bottling of beverages and manufacturing dairy products. As per the World Energy & Climate Statistics Yearbook- 2022, the world energy consumption rebounded by 5% in 2021, after declining from 4.5% in 2020, which will boost the LNG Market Growth in the approaching years. In addition, the growing focus towards using cleaner sources of energy, rise in Government’s expenditure on power related projects, increasing use of LNG as a fuel in the Automotive Industry, and rise in the crude oil prices across the globe, are some of the additional factors supplementing the LNG Market share. As per the data available at Statista, the revenue expenditure by the Central and State Governments in India has increased from INR 734.11 billion in 2014 to reach more than 1.4 trillion in 2018, which is expected to boost the LNG Market size in the coming years. As per the LNG Market Outlook The rising emphasis on reducing greenhouse gas emissions, increasing disposable incomes, growing investments by leading players on research and development and rapid urbanization, are further contributing to the market growth.
However, the growth of LNG Market is hindered due to inadequate pipeline infrastructure in the developing countries.
The leading players operating in the market are China Petrochemical Corporation, Equinor ASA, Canadian Natural, Exxon Mobil Corporation, Chevron Corporation, Total, Royal Dutch Shell PLC, Gazprom, PetroChina Company Limited, and BP p.l.c., among others.
Application: Segment Analysis
According to the LNG Market Analysis, the Power Generation segment is projected to grow at a significant CAGR during the forecast period. Rise in the prices of crude oil, growing emphasis on using cleaner sources of energy and rapid urbanization, are some of the factors responsible for the segment’s growth.
Regional: Segment Analysis
As per the LNG Market Forecast, the Asia-Pacific region is anticipated to expand at a remarkable CAGR over the forecast period. Rise in the energy consumption, rise in the number of infrastructure projects, expansion of the Automotive Industry, increasing Government’s expenditure on the construction of pipelines, high population growth rates and improvements in the living standards, are some of the important factors augmenting the market growth in Asia-Pacific region.
Market Segmentation
Global Liquefied Natural Gas (LNG) Market by Application
Transportation
Power Generation
Mining & Industrial
Others
Global Liquefied Natural Gas (LNG) Market by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media Contact Company Name: GMI RESEARCH Contact Person: Sarah Nash Email: enquiry@gmiresearch.com Phone: Europe – +353 1 442 8820; US – +1 860 881 2270 Address: Dublin, Ireland Website: www.gmiresearch.com
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LNG Market
The Liquified Natural Gas (LNG) Market was valued around USD 94.0 billion in 2019 and is expected to reach USD 137 billion by the end of2027, growing at a CAGR of 4.8% over the period (2020-2027).
The factors driving the growth of LNG Market includes rise in the energy consumption around the world, degradation of coal reserves and increasing application of LNG for food processing, Bottling of beverages and manufacturing dairy products. As per the World Energy & Climate Statistics Yearbook- 2022, the world energy consumption rebounded by 5% in 2021, after declining from 4.5% in 2020, which will boost the LNG Market Growth in the approaching years. In addition, the growing focus towards using cleaner sources of energy, rise in Government’s expenditure on power related projects, increasing use of LNG as a fuel in the Automotive Industry, and rise in the crude oil prices across the globe, are some of the additional factors supplementing the LNG Market share. As per the data available at Statista, the revenue expenditure by the Central and State Governments in India has increased from INR 734.11 billion in 2014 to reach more than 1.4 trillion in 2018, which is expected to boost the LNG Market size in the coming years. As per the LNG Market Outlook The rising emphasis on reducing greenhouse gas emissions, increasing disposable incomes, growing investments by leading players on research and development and rapid urbanization, are further contributing to the market growth.
However, the growth of LNG Market is hindered due to inadequate pipeline infrastructure in the developing countries.
The leading players operating in the market are China Petrochemical Corporation, Equinor ASA, Canadian Natural, Exxon Mobil Corporation, Chevron Corporation, Total, Royal Dutch Shell PLC, Gazprom, PetroChina Company Limited, and BP p.l.c., among others.
Application: Segment Analysis
According to the LNG Market Analysis, the Power Generation segment is projected to grow at a significant CAGR during the forecast period. Rise in the prices of crude oil, growing emphasis on using cleaner sources of energy and rapid urbanization, are some of the factors responsible for the segment’s growth.
Regional: Segment Analysis
As per the LNG Market Forecast, the Asia-Pacific region is anticipated to expand at a remarkable CAGR over the forecast period. Rise in the energy consumption, rise in the number of infrastructure projects, expansion of the Automotive Industry, increasing Government’s expenditure on the construction of pipelines, high population growth rates and improvements in the living standards, are some of the important factors augmenting the market growth in Asia-Pacific region.
Market Segmentation
Global Liquefied Natural Gas (LNG) Market by Application
Transportation
Power Generation
Mining & Industrial
Others
Global Liquefied Natural Gas (LNG) Market by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media Contact Company Name: GMI RESEARCH Contact Person: Sarah Nash Email: enquiry@gmiresearch.com Phone: Europe – +353 1 442 8820; US – +1 860 881 2270 Address: Dublin, Ireland Website: www.gmiresearch.com
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October 6, 2022
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LNG Market
The Liquified Natural Gas (LNG) Market was valued around USD 94.0 billion in 2019 and is expected to reach USD 137 billion by the end of2027, growing at a CAGR of 4.8% over the period (2020-2027).
The factors driving the growth of LNG Market includes rise in the energy consumption around the world, degradation of coal reserves and increasing application of LNG for food processing, Bottling of beverages and manufacturing dairy products. As per the World Energy & Climate Statistics Yearbook- 2022, the world energy consumption rebounded by 5% in 2021, after declining from 4.5% in 2020, which will boost the LNG Market Growth in the approaching years. In addition, the growing focus towards using cleaner sources of energy, rise in Government’s expenditure on power related projects, increasing use of LNG as a fuel in the Automotive Industry, and rise in the crude oil prices across the globe, are some of the additional factors supplementing the LNG Market share. As per the data available at Statista, the revenue expenditure by the Central and State Governments in India has increased from INR 734.11 billion in 2014 to reach more than 1.4 trillion in 2018, which is expected to boost the LNG Market size in the coming years. As per the LNG Market Outlook The rising emphasis on reducing greenhouse gas emissions, increasing disposable incomes, growing investments by leading players on research and development and rapid urbanization, are further contributing to the market growth.
However, the growth of LNG Market is hindered due to inadequate pipeline infrastructure in the developing countries.
The leading players operating in the market are China Petrochemical Corporation, Equinor ASA, Canadian Natural, Exxon Mobil Corporation, Chevron Corporation, Total, Royal Dutch Shell PLC, Gazprom, PetroChina Company Limited, and BP p.l.c., among others.
Application: Segment Analysis
According to the LNG Market Analysis, the Power Generation segment is projected to grow at a significant CAGR during the forecast period. Rise in the prices of crude oil, growing emphasis on using cleaner sources of energy and rapid urbanization, are some of the factors responsible for the segment’s growth.
Regional: Segment Analysis
As per the LNG Market Forecast, the Asia-Pacific region is anticipated to expand at a remarkable CAGR over the forecast period. Rise in the energy consumption, rise in the number of infrastructure projects, expansion of the Automotive Industry, increasing Government’s expenditure on the construction of pipelines, high population growth rates and improvements in the living standards, are some of the important factors augmenting the market growth in Asia-Pacific region.
Market Segmentation
Global Liquefied Natural Gas (LNG) Market by Application
Transportation
Power Generation
Mining & Industrial
Others
Global Liquefied Natural Gas (LNG) Market by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media Contact Company Name: GMI RESEARCH Contact Person: Sarah Nash Email: enquiry@gmiresearch.com Phone: Europe – +353 1 442 8820; US – +1 860 881 2270 Address: Dublin, Ireland Website: www.gmiresearch.com
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Heat Exchangers Market
The Heat Exchangers Market is estimated to grow at a significant CAGR over the forecast period (2020-2027).
The factors driving the growth of Heat Exchangers Market includes increasing consumption of energy around the world, strict regulations imposed by Governments on carbon emissions, rise in the oil and gas exploitation activities and growing emphasis on utilizing renewable sources of energy. According to the report published by Bloomberg, the Global Renewable Energy Market is estimated to reach USD 1,512.3 billion by 2025, expanding at a CAGR of 6.1% over the forecast period (2018-2025), which will boost the Global Heat Exchanger Market in the approaching years. Moreover, the technological advancements in Heat Exchangers, increasing application of heat exchangers in the end-use industries such as Chemical, Automotive and Food & Beverages and rising adoption of advanced heat recovery devices, are some of the additional factors supplementing the Heat Exchanger Market share. In addition, rapid industrialization, rising investments by private players on infrastructure projects, growing popularity of Heating, ventilation, and air conditioning (HVAC) systems and increasing disposable incomes, are further propelling the market growth.
However, the growth of Heat Exchangers Market is hindered due to high maintenance cost of heat exchanger systems.
The leading players operating in the market are Guntner GmbH & Co. KG, Johnson Controls, Hisaka Works Ltd., Chart Industries, API Heat Transfer, Hindustan Dorr-Oliver Ltd., Kelvion Holding GmbH, Alfa Laval, Xylem and Danfoss, among others.
Type: Segment Analysis
As per the Heat Exchanger Market Report, the Shell & Tube Heat Exchangers segment is projected to expand at a remarkable CAGR during the forecast period. The increasing application of heat exchangers in Food & Beverages and Chemicals industry because they provide strong resistance to thermal blocks, easy to maintain and can withstand very high pressures, are some of the features contributing to the growth of the segment.
End-Use Industry: Segment Analysis
Based on End-Use Industry, the Energy segment is predicted to grow at a robust CAGR over the forecast period attributed to increasing energy and power consumption and rise in population growth rates across the globe.
Regional: Segment Analysis
According to the Heat Exchanger Market Research, the Asia-Pacific region is anticipated to capture a sizeable market share during the forecast period. Rise in energy consumption, increasing investments in manufacturing sector, technological advancements in heat exchanger systems, rapid urbanization and growing disposable incomes, are some of the important factors augmenting the market growth in Asia-Pacific.
Market Segmentation
Segmentation by Type
Plate & Frame Heat Exchangers
Shell & Tube Heat Exchangers
Air Cooled Heat Exchangers
Others
Segmentation by End-Use Industry
Energy
Chemicals
Food & Beverages
HVAC & Refrigeration
Pulp & Paper
Power Generation
Others
Global Heat Exchangers Market by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media Contact Company Name: GMI RESEARCH Contact Person: Sarah Nash Email: enquiry@gmiresearch.com Phone: Europe – +353 1 442 8820; US – +1 860 881 2270 Address: Dublin, Ireland Website: www.gmiresearch.com
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Enterprise Asset Management Market
The Enterprise Asset Management Market Share was valued around USD 3,000 Million in 2019 and is projected to expand at a CAGR of 8.7% over the forecast period (2020-2027).
The factors driving the growth of Enterprise Asset Management Market includes growing adoption of modern asset management methods by enterprises, increasing demand for 360-degree view of assets and proliferation of IoT enabled devices around the world. According to the report published by Statista, the number of Internet of Things (IoT) based devices globally, were estimated around 11.3 billion in 2021 and are projected to reach more than 29 billion by the end of 2030, which will boost the market growth in the approaching years. Moreover, the integration of Artificial Intelligence (AI), data analytics and Big Data in the business processes, rising digitalization around the world and increasing penetration of smartphones and laptops, are some of the additional factors supplementing the market growth. In addition, the increasing number of smart cities, emerging need for improving the lifecycle performance of assets, growing investments on research and development by the leading players, advancement in technological infrastructure, rapid urbanization and rising disposable incomes, are further propelling the Enterprise Asset Management Market size.
However, the growth of Enterprise Asset Management Market is hindered due to growing concerns related to data breaches.
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The leading players operating in the Enterprise Asset Management Market are IBM, IPS, ABB, eMaint, Aptean, Oracle, Infor, IFS, AVEVA Group plc and SAP among others.
Component: Segment Analysis
Based on component, the solution segment is projected to grow at a significant CAGR during the forecast period. The increasing adoption of advanced technologies such as Artificial Intelligence, Big Data and Internet of Things (IoT) by the organizations along with its low maintenance cost, are some of the factors responsible for the growth of the segment.
Organization Size: Segment Analysis
Based on the organization size, the small & medium-sized enterprises segment is predicted to capture a sizeable market share over the forecast period attributed to rise in the number of SMEs across the globe along with its increasing application of asset management systems for maintaining the operational assets and equipment’s.
Regional: Segment Analysis
As per the Enterprise Asset Management Market Trends, the North American region is anticipated to expand at a remarkable CAGR during the forecast period. The presence of the leading players such as IBM and Oracle, digitalization of the manufacturing industry, growing adoption of cloud-based EAM solutions by the major corporations and high per capita incomes, are some of the factors influencing the growth of North American region.
Market Segmentation
Global Enterprise Asset Management Market by Component
Solution
Inventory Management
Asset Lifecycle Management
Labor Management
Work Order Management
Facility Management
Predictive Maintenance
Reporting & Analytics
Services
Managed Services
Professional Services
Global Enterprise Asset Management Market by Deployment Mode
Cloud
On-Premises
Global Enterprise Asset Management Market by Organization Size
Small & Medium-Sized Enterprises
Large Enterprises
Global Enterprise Asset Management Market by Vertical
Healthcare & Life Sciences
IT & Telecom
Transportation & Logistics
Manufacturing
Energy & Utilities
Government & Defense
Others
Global Enterprise Asset Management Market by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
Media Contact Company Name: GMI RESEARCH Contact Person: Sarah Nash Email: enquiry@gmiresearch.com Phone: Europe – +353 1 442 8820; US – +1 860 881 2270 Address: Dublin, Ireland Website: www.gmiresearch.com
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IoT Integration Market
The IOT Integration Market is expected to grow at significant CAGR during the forecast period (2020-2027).
The factors driving the growth of IOT Integration Market includes emerging need for automation in the end-use industries such as Oil and Gas, construction, Automotive and textiles, increasing number of smart buildings and growing trend of BYOD Culture in the organizations. According to the report published by Bloomberg, the Global Smart Building Market is anticipated to reach USD 108.9 billion by the end of 2025, growing at a CAGR of 10.5% over the forecast period, which is expected to boost the IoT Integration Market size in the approaching years. Moreover, the growing adoption of IPAAS, increasing demand for connected devices and rising advancements in new technologies such as Artificial Intelligence, cloud services and machine learning, are some of the additional factors supplementing the market growth. In addition, the increasing Government emphasis on developing energy efficient infrastructure, rapid urbanization and rising disposable incomes are further propelling the market growth.
However, the growth of IOT Integration Market is hindered due to difficulties in solving interoperability issues.
The major players operating in the market are Tata Consultancy Services, Wipro Limited, Accenture plc, ATOS SE, DXC Technology, Cognizant, Capgemini SE, Infosys Limited, IBM Corporation and Deloitte Touche Tohmatsu Limited among others.
Service- Segment Analysis
Based on service, the device & platform management services segment is predicted to dominate the market over the forecast period attributed to its cost-effective features along with its capability to manage, track and secure IoT enabled devices.
Enterprise Size- Segment Analysis
Based on enterprise size, the Large enterprises segment is projected to capture the highest market share during the forecast period because Large Enterprises around the world are increasingly outsourcing their IT and network infrastructure to IoT Integration service providers, which helps them in securing the overall infrastructure.
Regional – Segment Analysis
Based on region, the North American region is anticipated to lead the market over the forecast period. The increasing Government initiatives such as smart cities, rising digitalization, adoption of advanced technologies, high disposable incomes and growing investments by leading players on research and development are some of the important factors augmenting the market growth in North American region.
Market Segmentation
Global IoT Integration Market by Service
Device & Platform Management Services
Application Management Services
Advisory Services
System Design & Architecture Services
Testing Services
Others
Global IoT Integration Market by Enterprise Size
SMEs
Large Enterprises
Global IoT Integration Market by Application
Smart Retail
Smart Building & Home Automation
Smart Healthcare
Energy & Utility
Industrial Automation
Smart Transportation & Logistics
Global IoT Integration Market by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
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