Hygienic and Aseptic Valves Market: Elimination of Preservatives from Food and Beverages Drives Demand

Transparency Market Research observes that the competitive landscape in the global hygienic and aseptic valves market has quite a few leading players. Currently the players are focusing on expanding their business in emerging markets to cater to the huge potential in the developing regions. “Furthermore, companies are also looking at providing solutions to sectors such as biotechnology and pharmaceuticals to strengthen their market position,” states the lead author of this research report. Some of the key players operating in the global market are Alfa Laval AB, SOX Flow, Inc., ITT Corporation, GEA Group AG, and Pentair PLc.

The research report states that the global hygienic and aseptic valves market is expected to be worth US$9.0 bn by the end of 2025 as compared to US$6.0 bn in 2015. The market is expected to show progress of 4.8% CAGR during the forecast period.

On the basis of types of valves, the global market is segmented into hygienic single seat valves, hygienic double seat valves, hygienic butterfly valves, hygienic control valves, and aseptic valves. Of these, the hygienic single seat valves are expected to outperform all other segments. By the end of the forecast period, the segment is expected to acquire a share of 26.0% in the global market. The dominant share of this segment will be attributable to the ability of these valves to meet the strict regulations pertaining to aseptic and hygienic processes in industries such as pharmaceuticals, food and beverages, and dairy. In terms of geography, North America is leading the global market due to region’s continuous investment in expanding manufacturing facilities. The region is expected to rise at a CAGR of 7.1% between 2016 and 2025.

Automation and Modernization of Production Processes Boosts Global Market

Analysts state that the demand for hygienic and aseptic valves is likely to be on the rise in the coming years. The demand is likely to be fueled by the need to eliminate the usage of food preservatives in the food industry. Presently, several fitness-conscious and health-conscious people are focused toward reducing the consumption of food preservatives due a growing awareness about their negative impact on the human body. The majority of the processed food and beverages includes preservatives that are hampering the natural metabolism of the body. Thus, to cut down the usage of these harmful substances, food manufacturers are deploying hygienic valves in several industrial sectors.

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The market is also expected to grow against the backdrop of increasing focus on sanitary regulations especially in the food and beverages industry. The market is also being supported by growing initiatives of modernization in countries such as the U.S., China, Brazil, and India. The cooperation from several large organizations to comply with sanitary, safety, and modernization norms are collectively expected to boost the growth of the market. In the coming years, efforts to incorporate plant automation are also likely to augment the demand for these valves, state analysts.

The steady future of the global hygienic and aseptic valves market is likely to be hampered by the unreliable supply of hygienic aseptic valves. The wavering quality of these valves due to changes in suppliers and poor distribution system is expected to hamper the progress of the global market. However, several companies are focusing on establishing steady logistics and supply chain solutions to solve this issue.

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Elevators Market – Rising Need for Energy Efficiency to Drive Demand for Smart Elevators

On the back of rapid urbanization in several emerging economies in Asia Pacific, the global elevators market is flourishing. A recent business publication by Transparency Market Research (TMR) has evaluated the lucrativeness of the market for elevators and escalators across the world and forecasted the demand, in terms of value, to increment at a notable CAGR of 7.4% during the forecast period of 2016 to 2023. In terms of volume, the market is anticipated to gain new demand at a CAGR of 6.3% during the said forecast period. As per the estimations of the report, the opportunities in the global elevators market will translate into a revenue of US$330.45 bn by 2023, substantially up from its calculated worth of US$181.50 bn in 2015.

Global Shares Consolidated Among Five Leading Players

As far as the competitive landscape is concerned, the analysts of the TMR report have detected a consolidated scenario wherein the top five vendors accounted for 75% of the total shares in the global elevators market. The dominance of the five market leaders, namely ThyssenKrupp AG, KONE Corporation, Schindler Holding Ltd., Otis Elevator Company, and Fujitec Co. Ltd., is a reflection of their financial might and geographical presence, which they have expanded aggressively in the recent past. In addition to that, the market leaders are constantly improving their product portfolio, enhancing their offerings according to customer’s needs and establish themselves with worth of mouth. Going forward, these players are expected to continue having a foray into the APAC region, wherein the building and construction sector is prospering. Relatively less-established players, such as United Technologies, Hitachi Ltd., Mitsubishi Electric Corporation, Hyundai Elevator Co., Ltd., Toshiba Corporation, and Electra Ltd., are finding it hard to eat into the shares of aforementioned market leaders but the sheer volume of demand is also ensuring their profitability. Provided these players get aggressive for their regional expansion, their future prospects in the global elevators market are bright.

Based on elevator type, the report segments the elevators market into conventional elevators and smart elevators. Currently, the former segment of conventional elevators provides for more than three-fourth of the total demand across the globe, although the latter, smart elevators segment, is projected for a better growth rate, which would be a reflection of increasing adoption of wireless technology. The smart elevators segment is projected to expand at a CAGR of 7.9% during the forecast period of 2016 to 2023, in terms volume. Application-wise, the market has been bifurcated into residential commercial, retail, hotels, hospitals, transportation, and parking building. Geographically, the report highlights Asia Pacific as most lucrative region, providing for more than one-third, 34%, of the total demand in 2015.

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Apart from the rapid urbanization across various economies, the advancements in the construction industry on the back of development of smart cities and changing demographic trends are some of the other factors augmenting the demand in the global elevators market. The analysts have detected that advanced systems of escalators and elevators go a long way towards easing the vertical transportation requirements of passengers and goods. It not only reduces waiting time but also increases the efficiency of traffic management in high-traffic commercial and residential buildings.

On the other hand, uncertainty as well as risk pertaining to the global economy, high cost of installation, need for regular and expensive maintenance measures, and need to comply with standards and regulations are some of the restraints obstructing the global elevators market. Nevertheless, the vendors of this market stand to gain new opportunities on the back of adoption of green building codes and energy efficient products.

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Intelligent Virtual Assistant Market – Proliferation of Social Media Platforms to Creative Lucrative Prospects

On account of the presence of a large number of local and global players, the global intelligent virtual assistant market is witnessing a highly fragmented vendor landscape. The leading players, comprising Nuance Communication Inc., IntelliResponse Systems, Next IT Corporation, and Creative Virtual Ltd. held nearly 32% of the global market in 2015, finds Transparency Market Research (TMR) in a study. Some of the other prominent names operating in the global intellectual virtual assistant market are Artificial Solutions Ltd., CodeBaby Corporation, Anboto Group, and Speaktoit Inc.

A majority of the market players are focusing on expanding their product portfolio and regional presence via merger and acquisition. Also they have become more willing to spend on innovations to enable intelligent virtual assistant usage across diverse applications. This trend is gradually picking pace, as more companies provide utilities such as self-service, access to internal employee guides, improved customer experience, and intelligent reporting.

For instance, Nuance Communications Inc., in June 2016 expanded its healthcare offering using intelligent virtual assistant technologies in healthcare and clinical services. Besides this, an increasing number of smaller market players are looking to boost their portfolio through strategic partnerships. Such strategies adopted by the players will significantly impact the global intelligent virtual assistant’s market over the course of the forecast period.

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According to TMR, the global intelligent virtual assistant market is expected to reach US$7.9 bn by the end of 2024, from US$627.7 mn – its valuation in 2015. If these figures hold true, the market will exhibit an astounding CAGR of 32.8% between 2016 and 2024. Based on technology, the demand for speech recognition has emerged as the leading revenue generator in the global intelligent virtual assistant market. Between 2016 and 2024, the market is expected to showcase a CAGR of 33.3%.  Regionally, North America emerged dominant, however, Asia Pacific is forecast to exhibit a stronger CAGR during the forecast period.

“Social media has had immense impact on the development of the intelligent virtual assistant technology,” said a lead TMR analyst. As consumers worldwide spend more time on social media and become increasingly dependent on these platforms for daily errands, their purchase decisions are highly influenced by what they see on the internet. Against the backdrop, the deployment of intelligent virtual assistant has gained pace in the retail sector. This again is driven by increased focus of players on offering improved customer experience.

In addition, the paradigm shift of various organizations from analog to digital technologies has led to the creation of staggering volume of data, subsequently fuelling the demand for intelligent virtual assistant. Driven by these factors, the global market is forecast to exhibit strong growth in the forthcoming years.

High Cost of Intelligent Virtual Assistant Technology may limit their Adoption

On the flip side, high cost of intelligent virtual assistant and high cost associated with it pose threat to the global intellectual virtual assistant market. The market may reel under the lack of skilled resources as well. These challenges can refrain effective utilization of intelligent virtual assistant, thus creating challenges for the market.

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Optical Positions Sensors Market: Players Focus of Technologically Superior Products to Stay Ahead of Competition

Competition in the global optical position sensors market is red hot. In order to outshine competitors in such an environment, savvy companies are leveraging multi-pronged strategies. For instance, they are focusing on offering technologically superior products by investing heavily in research and development. Another strategy deployed by them to increase sales and revenues is competitive pricing. Optical position sensors manufacturers are also increasing their production capacities either by expanding existing units or building new ones in order to cater to the surging demand in the market.

Some of the prominent players in the global market for optical position sensors are Sharp Corporation, First Sensors AG, Hamamatsu Photonics K.K., and Micro-Epsilon.

A report prepared by Transparency Market Research, after thorough primary and secondary research, predicts the market to attain a value of US$2.25 bn by 2023-end.

Application-wise, consumer electronics leads the global market for optical position sensors. The segment is expected to rake in a revenue of 51.2% in 2023. One of the reasons behind it is the spike in the use of smart electronic devices in which optical position sensors form a crucial component. Other key application segments in the market are defense, aerospace and automobiles

Geographically, some of the prominent regions in the global market for optical position sensors are North America, Asia Pacific, Europe, and the Rest of the World. Asia Pacific, of them, holds a dominant position in the market at present and in the near future too would likely retain its place due to the ever-increasing demand for smart electronic devices in the region on the back of a burgeoning middle-class having increased capacity splurge. By 2023-end, the market is expected to attain a valuation of US$886.3 mn.

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Surging Sales of Smart Devices Stokes Growth in Market

Smart phones, smart watches, and tablets are some of the smart devices that are seeing their sales soar by the day. Manufacturers are rolling out more sophisticated varieties of such products, which is supporting the continued upswing in sales. To up sales they are also resorting to competitive pricing. This has been the single most important driver of sales in the market for optical position sensors, which form a pivotal part of such devices.

Apart from that, the use of smart mobiles in the domain of agriculture is also predicted to spur demand for optical position sensors. Elaborates the analyst of the report, “Smartphones these days have features which enable detection of location and climate, thereby allowing farmers to carry out precision farming. This has been made possible by smartphones outfitted with optical position sensors – another reason why their market has been growing.”

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Difficulty in Assessing Quality and Accuracy of Information Hampers Uptake

One drawback of optical position sensors is the difficulty in ensuring the quality and accuracy of the information they provide mainly because of the absence of proper international standards to determine the performance of the sensors. “Optical position sensors have different features that enable detection of the position of a person down to atomic scales for accuracy as per a particular bandwidth. The thermal signature resulting during the detection process sometimes serves to make the results less accurate. Such factors can thwart growth in the market for optical position sensors,” explains the analyst who prepared the report.

Overall, increasing research and development in the field of virtual reality is expected to open up new avenues of growth in the market.

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E-commerce Logistics Market – Innovative Methods of Delivery to Drive Growth of Global Market

The global market for e-commerce logistics acted as a playground for DHL International GmbH and FedEx Corporation in 2015, who jointly accounted for over 50% of the overall business across the globe. The other two prominent players in the global e-commerce logistics market are United Parcel Service Inc. and XPO Logistics although their presence is not as far reaching as the first two mammoth companies. However, the companies operating in the global market are already upping their game with an expectation of explosive development of the e-commerce segment in China and India. The market space for e-commerce logistics is thus deemed to be extremely lucrative presently and is expected to help the growth of numerous new companies. While the big corporates are heavily investing last mile connectivity and drones to keep themselves ahead of their rivals, the smaller players are concentrating on different value added services such as innovative tracking of parcel and route optimization. These new trends are expected make the global e-commerce logistics market an attractive business space fuelled with innovation.

The global e-commerce market is expected to cross the market valuation worth US$781 bn over the course of the given forecast period of 2016 to 2024. This huge growth is expected to be achieved with the help of a sturdy CAGR of 20.6% over the same period of forecast. In terms of types of service, the transportation segment has been dominating the overall market since 2015 and is expected to continue to do so. From a geographical standpoint, North America led the global e-commerce logistics market in 2015 with valuation of US$48.32 bn and is expected to continue its domination owing to impressive digital infrastructure and strong B2C sales. Asia Pacific market is projected to show most promising growth over the given forecast period with a strong CAGR of 22.4%.

The rise of the modern day B2C e-commerce business model has enforces the players in the market to alter and re-alter their business models many times in the last few years. New and innovative technologies are considered to be one the key driving factors for the overall growth of the global e-commerce logistics market. Drone delivery is expected to attract maximum attention over the course of the forecast period. In addition to this, e-commerce startups in countries such as Brazil, India, and Mexico have blossomed over the last few years. This is also expected to drive the overall growth of the global market.

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Loopholes in Reverse Logistics Services to Slow down Market Growth of E-commerce Logistics

In a market space that is as intensely competitive as the global e-commerce logistics, the players are force to provide various value added services such as free delivery of products and reverse logistics. Even though majority of the players in the global e-commerce logistics market have put up a minimum amount for purchasing products before availing the option of free delivery, there are several loopholes in the arrangement. One of the most common trick used by customer while shopping online is ordering products up to the minimum amount mark and then returning the unwanted products after delivery. This puts pressure on the chain of reverse logistics and hikes up the expenses incurred by the companies in the e-commerce logistics market.

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Flow Meters Market – Water Management Holds Key Opportunities for Flow Meter Manufacturers

The global market for flow meters is fairly consolidated, finds Transparency Market Research (TMR) in a new study. About a quarter of the market was taken up by regional players in 2014. Badger Meter, Inc., Siemens AG, and ABB Ltd. were the top three manufacturers of flow meters in 2014. Their collective share in the market’s total valuation was 63.7% in 2014. Most flow meters manufacturers are being pulled towards the lucrative opportunities available in wastewater management. This applies especially to the regions of Europe and Asia Pacific.

From a competitive perspective, TMR states that the flow meter makers need to focus on how they can make their products cheaper and more accurate. Key players are already introducing advanced technologies that offer more accurate results than their predecessors. As a result, innovation is an absolute necessity to stay alive in this market.

Key players are also looking to expand their regions of operations by forming mergers and acquiring regional players from the fragmented section of the market.

“Flow meters are a key requirement in petrochemical industries,” states a TMR analyst. “They are needed in interwell allocations, water discharge, custody transfer, gas flaring, and other minor processes. The improvements in flow meters will help the petrochemical and refining industries in two key ways: they will firstly improve the output efficiency of the petrochemical plant, and reduce the discharge of harmful chemicals and toxins into the environment.”

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The integration of smart flow meters in the petrochemical and refining industries will therefore add a major benefit in terms of optimizing production efficiency.

Further boosts are given to flow meter manufacturers in the form of growing count of capital projects meant for advancing flow meters. These investments are invaluable for flow meter players when trying to improve their technologies to be more suited for its diverse array of applications.

Flow Meter Sales Disturbed by Lack of Skilled Operators

“A major concern for any advanced systems or equipment is the equipment being used by a qualified professional,” states the TMR analyst. “These professionals can ensure the proper functioning of the rather expensive equipment and maintain their purpose of improving operations efficiency.”

Currently, however, there are not enough skilled professionals working in this market. this lack of manpower for advanced flow meter operations is severely affecting sales of flow meters across the globe.

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APAC Leads in Demand for Flow Meters

The global flow meters market is expected to expand at a CAGR of 9.5% within a forecast period from 2015 to 2021 in terms of revenue. By 2021, this revenue is expected to reach US$9.61 bn. The demand for flow meters is the highest in the Asia Pacific region currently. By the end of 2021, this region is expected generate a revenue of US$3.79 bn for flow meter players.

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Emergence of Smart Homes to Propel Smart Locks Market

The global smart locks market is anticipated to grow significantly within the duration of 2016 to 2024, owing to increasing progress in 2G, 4G, and 5G, technologies along with the soaring demand for smart city infrastructure. The worldwide market is immensely fragmented owing to the presence of several players in most of the regions around the world. The leading players are investing hugely in research and development activities to bring about product development in order to progress in the market. AugustHome, Panasonic, Kwikset, and Honeywell, are the leading firms in the global smart locks market. These firms are focusing on partnerships, and mergers and acquisitions for better future opportunities.

According to Transparency Market Research (TMR) the global smart locks market was evaluated to be around worth US$226.7 mn in year 2015. The market is foreseen to grow with a robust CAGR of 18.30% within the forecast duration from 2016 to 2024. By the end of 2024, the market is anticipated to become worth of US$1.01 bn. Based on the application, the commercial division led the market in 2015. Geographically, North America region emerged dominant in 2015, accounting to around 33.6% of total market shares.

Both technological advancements and increasing crime rates around the world is contributing to the growth of smart locks market. Apart from that, the prevalence of smart home facilities combined with the proliferation of smartphone in the past few years have also served to drive the market. In addition, declining cost of universal mobile broadband and cloud infrastructure, which have likewise supported in remotely controlling and monitoring any gadget effectively, be it a smart thermostat or a smart lock has also had a positive impact on the market for smart locks.

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Consumers can easily access their locks to monitor or control it, mainly from their smartphones. Moreover, the comfort of being able to reach your door and unlock it automatically without reaching for one’s keys and numerous other factors are also propelling the overall market growth.

Issues with Battery-lives in Smartphones to Hamper Market Growth

However, there are some factors that are expected to pull down the market growth in coming years. One such major obstruction for global smart locks market is the issue of the poor battery life of the phones. In such a situation, a physical key comes in handy and useful. Moreover, telephones and back end clouds are more prone to hacking and the data to be misused, due to which there remains a serious issue with security risk related with smart locks.

However, the popularity of smartphones and low power communication norms, with enhanced technology, coupled with geo-locating an individual have built up new scopes to enhance consumer experience that can support the demand for smart locks market, globally.

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