Chemical Sensors Market: Rising Security Concerns Boost Sales

The top five players in the global chemical sensors market accounted for a share of 19.8% in 2015. The market leaders, namely, Emerson Electric, Co., Honeywell International, Inc., ABB Group, Siemens AG, and The Bosch Group are all expected to continue their dominance in the near future with the development and launch of new products. “Companies are also projected to focus on the implementation of new technologies through innovation achieved through research and development to stay ahead of the competition,” states the lead author of this research report. The research report by Transparency Market Research states that the opportunity in the global chemical sensors market is expected to be worth US$24.8 bn by 2024 as compared US$16.3 bn in 2015. The market is projected to expand at a CAGR of 5.0% from 2016 to 2024.

In terms of geography, North America is expected to lead the global market as it is posed to acquire a share of 36.4% in terms of revenue in the global market by the end of 2024. The significant growth of this market will be attributable to the intensive research and development activities amidst growing concerns about environmental pollution. Meanwhile, the oil and gas industry is projected to be the key end user in the global chemical sensors market as the industry on the whole is in a constant effort to control and monitor hazardous chemicals in the environment. Analysts estimate that the oil and gas segment will progress at a CAGR of 4.5% during the forecast period.

The demand for chemical sensors is expected to surge in the coming years as consumption of chemicals surges in industries such as medical, agricultural, food and beverages, and automotive. The ongoing oil and gas exploration and extraction activities have also sped up the uptake of various types of chemical sensors in recent years. Several industries are adopting these sensors in order to identify the level of hazardous chemicals in present in the environment and determine their impact through logical analysis. The growing initiatives by governments to ensure environmental safety is also expected to drive the global market in the coming years.

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The spike in the revenue of the global chemical sensors market is also attributable to rising concerns over homeland security. Owing to this reason, chemical sensors are being used by the defense forces for detecting harmful gases, explosives, and other chemicals that could be used as a part of chemical warfare. The increasing investments in research and development activities are also likely to benefit the overall market in the near future. Furthermore, the initiatives taken by the governments and private organizations to bring CO2 emissions and curb the national footprints is also projected to work in the favor of the global chemical sensors market.

The only factor restraining the growth of the overall market is the poor life expectancy of the chemical sensors. The sensors are known to get easily damaged due to varying temperatures, air pressure, humidity, and other environmental contaminants. Persistent exposure to harmful chemicals and gases deteriorates the quality of these sensors. The fluctuating prices of chemical sensors despite the steady demand and extensive sales is also projected to hamper the growth of the global market in the near future.

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Rise in Consumer Electronics Industry to Boost Global Flexible Printed Circuit Boards Market

According to a new research report by Transparency Market Research (TMR), there is an intense competition among the major leading players operating in the global flexible printed circuit board (FPCB) market, including Career Technology (Mfg.) Co. Ltd., Flexcom Inc., Daeduck GDS., Fujikura Ltd., Sumitomo Electric Industries Ltd., Multi-Fineline Electronix Inc. (MFLEX), Interflex Co. Ltd, Nitto Denko Corp., NewFlex Technology Co. Ltd., and NOK Corp. These players are expected to witness continued rivalry amongst themselves over the next few years, thanks to their increasing involvement into strategic partnerships and mergers and acquisitions, notes the market study.

As per the research report, the global market for flexible printed circuit boards, which was worth US$14.51 bn in 2017, anticipated to expand at a CAGR of 11.80% over the period from 2018 to 2026 and reach a value of US$38.27 bn by the end of the period of the forecast. Among the products available in this market, multi-layer flex circuits enjoy a greater demand and this trend is projected to remain so over the next few years. The instrumentation and medical, computer and data storage, telecommunication, defense and aerospace, consumer electronics, automotive, and the industrial electronics sectors have emerged as the leading end users of flexible printed circuit boards across the world. Geographically, Asia Pacific has been dominating the global market over the last few years and researchers anticipate this scenario to continue in the near future, states the research report.

“The significant rise in the consumer electronics industry, led by the growing demand for smartphones, tablets, and LCD displays, in has been influencing the sales of flexible printed circuit boards substantially, says the author of this study. These boards find noticeable application in mechanically supporting and electronically connecting a number of electronic components with the help of conductive pathways, which, in turn, is reflecting on their demand substantially. The increasing awareness among consumers regarding the advantages of these boards, such as compact design and low weight, in comparison with rigid or conventional PCBs is likely to boost the growth of the global flexible printed circuit boards market in the years to come, reports the research study.

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Sluggish Uptake of Technology in Emerging Economies to Hinder Growth

On the other hand, the sluggish uptake of technology in emerging economies may hinder the growth of the worldwide flexible printing circuit board market in the years to come. However, the rising demand for these boards in the aviation and the defense industries is expected to create new growth avenue for players operating in this market over the next few years, states the research report.

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Supervisory Control and Data Acquisition (SCADA) Market – Rising Awareness Amongst Customers Bolsters Demand

The global market for supervisory control and data acquisition (SCADA) encapsulates a handful of dominant players who exert maximal control over the market. The strongholds of these market players make the market highly consolidated in nature. Furthermore, these market players keep a close watch on each other’s activities to keep themselves abreast of any progress by another player. This makes the competition levels amongst these players rise up by leaps and bounds. The leading six market players viz. Emerson Electric Co., Rockwell Automation Inc., ABB Ltd., Schneider Electric SE, Siemens AG, and Honey Well International Inc. account for 60% of the total market share. The strong position of these players is expected to makes it difficult for new entrants to establish themselves in the market. The aforementioned market players are expected to adopt key business strategies such as mergers, acquisitions, and partnerships. This would further intensify the rivalry amongst these players and result in cut-throat competition within the market.

A report by Transparency Market Research foretells the growth prospects of the market over the period between 2016 and 2024. The market value stood at US$25.56 bn in 2015 and is expected to touch a value of US$40.18 bn by the end of 2024. The SCADA market is expected to expand at a moderate CAGR of 5.20% over the forecast period. Based on end users, the electric power industry has been grossing in substantial market revenue in the past years. It is expected to continue its streak of prominence due to the growth of SCADA for total grid automation projects. The losses borne out of power distribution and transmission in India and China need to be combatted through efficient infrastructure. This also increases the relevance of SCAD within the electric power industry. The market in Asia Pacific is anticipated to invite substantial demand due to several factors such as integration of automation in industries, need for wastewater management, and rise of renewable sources of energy. The market in North America registered the highest share of 33.6% in 2015.

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The popularity of supervisory control and acquisition (SCADA) has been accentuated by the rising awareness among consumers. The faults in machinery can be swiftly detected and the defects in output can be minimized through SCADA. Moreover, the low-cost advantage offered by these systems has also led to the rise in demand within the market. The applicability of SCADA across the electrical power industry has been an affluent propeller of demand. SCADA helps in restoring power after an outrage, distribute power evenly by rerouting it from excess capacity areas to overloading regions, and reducing manpower by remotely controlling the electric power system. These systems are also extensively employed across the oil and gas industry because they help in optimizing the extraction output. Shale gas has also come to the fore in recent times, which is expected to offer commendable growth opportunities within the market.

Despite several factors contributing to the growth of the market, the risks associated with the execution of SCADA pose a threat to the market. Cyber threats make the systems vulnerable to deterioration, thus, lowering the faith of the consumers. Furthermore, the integration of data in the oil and gas industry is also an issue that hampers affluent growth of the market. Nevertheless, the need to reduce power losses and deploy a cost-efficient system within the electrical power industry is anticipated to keep bolstering the prospects of the market.

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Shavers Market: Demand for Non-electric Shavers is Higher

The global shavers market is consolidated with a few key players contributing a major portion of the overall revenue collected. Spectrum Brands Holdings Inc., Panasonic Corp., and Philips are the leading companies within the global shavers market and these companies have achieved dominance in the market by constantly striving for innovation and developing products with improved features, states Transparency Market Research in its latest research report. Other companies in the market are: Energizer Holdings Inc., Super-Max Group, Conair Corp., Wahl Clipper Corp., and Procter & Gamble Co.

According to the TMR report, the global shavers market is expected to expand at a moderate pace and reach an evaluation of US$70.24 bn by the end of 2024. In terms of volume, the market is predicted to register a sale of 7.9 bn units by 2024. On the basis of product type, non-electric shavers are witnessing a comparatively higher demand than electric shavers on account of their user friendliness. In the future however, the market for electric shavers will also improve on account of the spreading awareness among consumers regarding the efficiency of electric shavers. Among end users, the demand for shavers will be higher from men. On the basis of distribution channel, the supermarket and hypermarket segment will lead.

On the basis of geography, it is estimated that Europe will continue to be the leading regional revenue generator for shavers. Women in European countries are also emerging as key end users for shavers. Growing awareness regarding the importance of personal grooming will boost the growth of the market in Europe. Asia Pacific and Latin America are also proving to be promising markets for shavers.

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Improving Lifestyle and Increasing Awareness about Cleanliness Driving Demand

The improving lifestyles of consumers across the globe, including those living in developing nations in Asia Pacific and Latin America is benefitting the shavers market. The rising importance of personal grooming and a growing importance of maintaining a good appearance among people worldwide has led to a rise in the demand for shavers. The growing need for removing body and facial hair for showcasing a good, well-groomed look remains the key factor pushing consumers to buy shavers. In addition to this, the growing awareness regarding cleanliness and hygiene are also helping the global market for shavers to grow. Moreover, the easy availability of shaving and grooming items is also impacting the market positively.

On the other hand, in some parts of the world, the interest shown by men towards cleanliness and grooming is very less. This is slated to restrict the growth of the shavers market. However, the impact of this restraint is likely to reduce as the reach of less expensive and good products is improving.

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Narrowband IoT (NB-IoT) Market – Economic Advantages of Smart Meters make it Leading Application Segment

Some of the prominent participants in the global narrowband IoT market are Huawei Technologies Co. Ltd., Ericsson Corporation, Nokia Corporation, Quectel Wireless solutions Co. Ltd., Sierra Wireless, Deutsche Telekom, China Unicom, Qualcomm Technologies Inc., Vodafone Group plc, u-blox SEQUANS Communications SA, ZTE Corporation, Intel Corporation, China Telekom, and Etisalat Corporation.

As per a report by Transparency Market Research (TMR), the global narrowband IoT market is expected to attain a value of US$1052.69 mn by the end of 2025, expanding at a jaw-dropping CAGR of 33.12% between 2017 and 2025.

In terms of component, the key segments of the narrowband IoT market are hardware, software, and services. Hardware segment accounts for the leading share vis-à-vis revenue mainly because of the rising adoption of NB-IoT technology across a number of industry verticals.

The key segments of the global narrowband IoT market depending upon application are smart metering, alarms and event detectors, smart bins, asset tracking, smart packing, and others. Of them, the segment of smart metering holds the leading share in the market as smart meters offer a number of advantages leading to its rising adoption.

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Europe stands as the leading regional market for narrowband IoT. The region being home to some of the key players in the industry along with early adoption of NB-IoT technology in the region account for the dominance of the region.

The growth of the global narrowband IoT market is primarily driven by growth in adoption of technology and widened application areas of technology for building smart cities. The Low Power Wide Area (LPWA) characteristic of narrowband IoT is leading to its rising adoption predominantly for the development of smart cities. NB-IoT offers a number of advantages such as very low power consumption, easy deployment into existing cellular network, lower component cost, excellent extended range in buildings and underground, and increased network security and reliability.

Narrowband IoT is supported by all major mobile equipment, chipset, and module manufacturers and it can co-exist with 2G, 3G, and 4G mobile networks. It also benefits from security and privacy features of mobile networks such as confidentiality, data integrity, support for user identity, and mobile equipment identification.

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Narrowband IoT is a newly released cellular narrowband standard from 3rd Generation Partnership Project (3GPP). The relation of narrowband IoT to long term evolution (LTE) and its use for a number of frequency bands is acting in favor of adoption of narrowband IoT. Using a bandwidth of 200 kHz, narrowband IoT offers improved indoor coverage as compared to GSM, battery life of more than 10 years, high level of security, and compatibility with existing low cost device as well as with existing cellular network infrastructure.

Furthermore, growing adoption rate of narrowband-IoT across the world, the widened application areas of narrowband IoT, and improved security and network coverage over LTE cellular technology is also anticipated to boost the growth of narrowband IoT market.

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GaN Power Devices Market – Rising Importance of Solid Battery Support in Developing Nations to Favour Market

The global GaN power devices market is expected to witness the entry of many new vendors in the near future on account of the attractive nature of this market, states Transparency Market Research (TMR) and it latest report. The market comprises several mid-level vendors as well as large vendors. Top players within the market are: Efficient Power Conversion Corporation, GaN Systems Inc., NXP Semiconductors N.V., Infineon Technologies AG, and Texas Instruments.

According to the report by TMR, the global GaN power devices market is expected to be worth US$1.4 bn by 2025. On the basis of component, the GaN power module segment is anticipated to show remarkable growth, expanding at a 19.5% CAGR between 2017 and 2025. This segment is expected to account for around 49.3% of the total GaN power devices market by 2025. On the basis of industry vertical, the consumer electronics segment is leading followed by the it and telecommunication sector, aerospace, and defence sectors. The automotive sector would particularly show considerable growth, expanding at a 20.5% CAGR between 2017 and 2025.

On the basis of geography, it is expected that Asia Pacific will emerge as an intimidating regional player in the market expanding at a whopping 19.9% CAGR from 2017 to 2025 and be worth US$520 mn by 2025, and lead in the market in terms of the most lucrative geographical segment. The growing market for smartphones will be one of the key factors for the growth of this market.

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One of the key factors boosting the growth of the global GaN power devices market is the burgeoning growth of the automotive industry. The increasing demand of electric vehicles in the automotive sector will be one of the primary draw drivers for the global gain power devices Market in the near future. Therefore the spotlight in which electric vehicles have come today on account of their environment benefits will definitely favour the GaN power device market. This is because GaN power devices provide high power density which helps in bridging the gap in the traditional automotive industry. The flourishing consumer electronic industry will continue to drive the growth prospects of the GaN power devices. An increase in the demand for GaN devices in commercial RF applications as well as for wireless charging will bolster the growth of this market.

The growing importance of solid battery support in developing regions and high penetration of smartphones will help GaN power devices to become an integral part of the smartphone industry. Since the smartphone industry is booming, the GaN power devices market will witness a positive outcome. The sales of GaN power devices will increase on account of a rise in the adoption of IoT as well as remote sensing technology in the consumer electronics sector. On the other hand the high procurement cost will act as a challenge. The processing complexity will also be a problem for the growth of the market.

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Container Fleet Market – Rise in Intermodal Transport to Boost Market’s Growth

The business landscape of the global container fleet market is characterized by the rivalry between several international and local yet established players, states a research report by Transparency Market Research (TMR). The market demonstrates a moderately consolidated structure with AP Moller – Maersk, CMA CGM, Mediterranean Shipping Co., China Ocean Shipping, Hapag Lloyd, and Evergreen Marine holding more than 58% of the overall market in 2016. The leading players are increasing focusing on mergers, acquisitions, and strategic collaborations to sustain in the highly competitive environment of this market, notes the research study.

As per the research study, the global market for container fleet was worth US$8.8 bn in 2016. Research analyst expect the opportunity in this market to expand at a healthy CAGR of 5.70% during the period from 2017 to 2025 and reach a valuation of US$14.4 bn by the end of the period of the forecast. The demand for dry containers is greater than other types of containers available in this market and the trend is anticipated to continue over the next few years, states the research report.

According to the report, container fleet finds application in the automotive, mining and minerals, oil, gas, and chemicals, food and agriculture, and the retail industries. With a share of more than 20%, the automotive industry surfaced as the leading end user of container fleet across the world. While this industry will continue as the key end user throughout the forecast period, the mining and minerals industry will also report a high demand for container fleet in the years to come.

In terms of the geography, the report has classified the worldwide container fleet market into Asia Pacific, the Middle East and Africa, Latin America, North America, and Europe. With a share of 35.2%, Asia Pacific dominated the global market in 2016. Displaying a high growth rate, this regional market is anticipated to remain on the top over the next few years. Apart from Asia Pacific, the Middle East and Africa market for container fleet is expected to witness significant growth in the near future, thanks to the expansion in the oil, gas, and chemicals industry in this region.

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“The global market for container fleet is expected to gain significantly from the rise in intermodal transport,” says a TMR analyst. The intermodal transportation, which refers to shipping intermodal containers, including large steel containers, offers better efficiency and is capable of carrying a large number of containers on a daily basis. The augmenting demand for intermodal containers has, consequently, reflected on the need for container fleet, resulting in the high growth of this market.

In addition to this, the escalating demand for refrigerated cargo shipping is projected to impact positively on this market in the years to come. However, the easy availability of terminals or ports with container facility may hamper the progress of this market over the forecast period, states the report.

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