North America Strikes Dominant Chord in Global Commercial Building Automation Market

A collective share of 39.1% permitted three players in the global commercial building automation market to take lead in the year 2015. Siemens AG, ABB Ltd., and United Technologies Corp, each enjoyed vital tactical advantage in the global market for commercial building automation in 2015 through numerous avenues such as mergers and acquisitions, tapping the unexplored markets of emerging economies in the world, and launching enhanced products. The remaining market across the globe for commercial building automation showed high levels of fragmentation at the mentioned time, with the existence of a large pool of regional players in the market.

According to the research report published by Transparency Market Research, the global market for commercial building automation is reached an overall valuation of US$77.63 in the year 2016. This market valuation is expected to grow and touch the figure worth US$108.49 bn over the course of the given forecast period of 2016 to 2024 in terms of generation of revenue. The overall growth rate for the development of the global commercial building automation market is expected to show an impressive CAGR of 4.3% throughout the given period of forecast of 2016 to 2024. The extent of competition in the global market is projected to grow even more over the coming years of forecast period due to the aggressive expansion tactics adopted by the leading companies along with numerous lucrative opportunities emerging in the market that will attract new players in terms of swift growth.

The chief factor responsible for driving the overall growth of the global commercial building automation market as well as the business expansion of players in it is the constant boom in the construction sector itself. Improvements in the economy across the globe are creating a wider scope of demand for different construction projects in residential as well as industrial sectors. This is more evident in the emerging economies of the Middle East and Africa region as compared to others. These regions are acting as a strong base for commercial building automation and thus are expected to significantly drive the overall growth of the market.

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The swift development of the construction sector is presently the primary reason for causing high demand for more efficient projects that will use less volumes of materials along with having a comparatively lower requirement for power. In addition to this, the increasing concern over the rapidly decreasing stockpiles of fuel and growing environmental pollution have enforced numerous governments to impose stringent policies regarding the efficient use of resources. This is expected to directly impact the overall development of the global commercial building automation market in the near future.

High Cost and Slow ROI to Impede Market Growth

However, the growth of the global market is not without any challenges in front of it. The gross cost of installation, maintenance, and operation of these commercial building automation systems is on the higher side. This is expected to be the chief impeding factor in slowing down the growth of the global market. The high costs are also responsible for demotivating new players into entering the market and the slow rate of ROI is also considerably slowing down the adoption among the end users. This is expected to create some problems for the smaller players in the global market for commercial building automation.

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Luxury Apparels Market – Growing Brand Awareness to Create Market Opportunity

Globalization is leading to increased penetration of the giants in the global luxury apparels market. Transparency Market Research (TMR) recently published a study that recognizes leading industry names, such as Versace, Dolce and Gabbana, LVMH Moet Hennessy Louis Vuitton SE, Burberry, and Kering. The mentioned players of the luxury apparels market are predicted to delegate hefty investments toward the branding process of the company. Designing high fashion clothing while retaining company heritage is expected to require high capital investment. The wide clientele and increasing accessibility of branded clothing is prognosticated to lead the market to its considerable upswing.

TMR’s report predicts the international luxury apparels market to reach a valuation of US$60,793.7 mn by 2024 from US1,8842.69 mn, on account of mass production of the wearables. The market is predicted to expand at a 13.2% CAGR between 2016 and 2024. Rising disposable incomes in Asia Pacific foresees a resultant boost to the region’s market share. It is predicted to showcase a whopping 14.75% CAGR throughout the forecast duration.

While the worldwide luxury apparels market could be segmented on the basis of the material used, and by gender, the cotton luxury apparels is foretold to dominate the market revenue. The changing environmental conditions, with longer and hotter summers, makes cotton the most preferred choice of fabric to be used in clothing. Being soft, comfortable, and breathable, the material is largely turning into the favored option of high street fashion. Leather is predicted to be the next emerging segment among materials, on account of its durability and its premium tag.

The global market for luxury apparels is also receiving an upward thrust owing to the rising number of people having a disposable income. Gender wise, women are expected to be leading consumers of luxury clothing in the upcoming years. An overall share of just over fifty percent market share is prognosticated to be held accountable to women’s luxury apparel, on account of their association to high fashion. Geographically, Asia Pacific is predicted to be fastest growing region in the market, due to emerging economic conditions, and e-commerce penetration. At the same time, Europe is expected to have a strong foothold in the business, owing to the existence of numerous luxury brands since decades.

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Globalization, while leading to increased accessibility to consumers as well as enterprises, is resulting in a surging awareness of high fashion and brand awareness. The advent of e-commerce, advances in apparel mass production means, are predicted to aid the growth of the global luxury apparels market. Big brands among the industry are decidedly entering newer and developing markets, in economically emerging regions. Increasing the number of retail outlets, and presence on e-commerce platforms is expected to boost the sales of the luxury clothing providers. All of these factors are foretold to provide ample growth opportunities to the global players in the industry.

Mass production of clothing in recent times is another factor that could be accounted to market upswing. Strategic partnerships and amassed manufacturing techniques are prognosticated to be the pivotal strategies adopted by key players of the market to retain market supremacy. New market entrants could witness some hindrance, as the industry requires colossal investments right from the start. Building brand image could prove to be a challenge for inexperience participants, unless the involvement of tremendous capital.  Nonetheless, the overall market growth is expected to be on the higher side, due to the growing presence and percolation of brand names.

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Drone Services Industry – Future of Unmanned Aerial Systems

Driven by the rising demand for drone services, especially in the commercial sector, the global drone services market will report a strong CAGR. Exhibiting a whopping CAGR, the global drone services market will spawn into a multi-billion dollar industry by the end of 2024, forecasts the market study. The report is compiled with the intent of identifying opportunities in the global drone services market. It covers the growth drivers and challenges that are expected to impact the market’s trajectory between 2016 and 2024.

The global drone services market is segmented based on various parameters for the purpose of the study. The report therefore covers the market based on industry, duration of services, and geography and studies factors influencing its growth across the aforementioned segments. Information obtained from trusted industrial sources are included in the report to help readers get a better perspective about the global drone services market. It is presented in a logical chapter-wise format and interspersed with relevant graphs and statistics to support information divulged.

Investment feasibility for new players is analyzed using industry-leading analytical tools. The report also gauges the effect of Porter’s five forces on the overall market. The analysis presents insights into the bargaining power of suppliers and buyers, threat from new entrants and product substitutes, and degree of competition sweeping the market.

Drone services have found application across diverse industries for monitoring and inspection. Rising security concerns and threats of unlawful infiltrations have compelled industries to implement modern technologies of keeping vigil. Besides this, novel technologies for filming are also experimented with to produce more creative content. Spurred by these factors, the drone services market is expected to witness robust growth in the coming years.

On the downside, lack of skilled personnel for operating drone and stringent policies regarding drone operations especially in civil aerospace are a few challenges posing threat to the global drone services market. Nevertheless, the rising demand from infrastructure and construction segments to get better overview of sites using comparatively inexpensive yet modern technology will boost the demand for drone services in the coming years. For instance, leading construction industries are using drones to monitor construction progress by capturing images of topographic surveys.

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Among the various application segments, the market is expected to witness a considerably high demand for aerial photography and remote sensing. The capability of drones to capture high resolution aerial data even in complex areas will therefore bolster their uptake across diverse industries.

Regionally, the market is witnessing lucrative prospects in North America and Asia Pacific. In North America, the drone services market is gaining from the increasing demand in infrastructure, media and entertainment, and agriculture industries. In Asia Pacific, the market is forecast to gain from the expansion of the commercial sector and recent improvements in policies implemented for the use of drones across various countries.

To provide a holistic overview, the report covers companies such as Aerobo, Airware, Inc., Sky Futures Ltd., Cyberhawk Innovations Ltd., SenseFly Ltd., DroneDeploy Inc., and Sharper Shape Inc. are some of key enterprises providing drone services. Strategies adopted by the leading players aimed at boosting operations have a profound impact on the overall market. The report therefore includes a detailed assessment of the strategies adopted by these companies. It evaluates their strengths and weaknesses using SWOT analysis, which also provides insights into opportunities and threats that the companies might witness in the future.

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Digital Substation Industry – Enabling a Stronger, Smarter and Greener Grid

Industrial development has increased digitalization in many sectors. Innovation in the digitization market is not only related to the invention of new products, but also upgrades of the available products and technologies. One such innovation is digital substations. Substations are the part of electrical generation, distribution, and transmission systems. They transform current from high voltage to low voltage and low voltage to high with the help of transformers. Digital substations comprises the introduction of intelligence into the substation systems. The transformation of the power generation from a wired to an optical network is the reason for the evolution of digital substations. Also, it is a stable supply system for power generation. Digital substations are governed by the International Electrotechnical Commission (IEC)  code IEC 61850. Process level, bay level, and station level are the three major functional levels of digital substations. Signals are transmitted from the process work station.

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The system protection and control processes are performed in the bay level work station. At the station level, the engineering and report activities are performed. An optical coherence tomography (OCT) is used to build the digital substations, which requires a lot less space than the analogue substations. Digital substations provide enhanced measurement accuracy and recording of the generated information. With the installation of digital substations, a substantial amount of material cost reduction can occur as fewer cables and less space are required. The maintenance of digital substations is easier than that of traditional substations due to the integrated standardized interface. The integration of advanced technology and innovative practices such as the use of Ethernet in digital substations has increased the security system of digital substations.

Intelligent electronic devices (IED), generic object-oriented substation event (GOOSE), station and process bus, global positioning system (GPS), time clock, merging units, electronic fiber optic coherence tomography (CT), and voltage transformers (VT) are the key components of digital substations. Growing emphasis on the replacement and redevelopment of aging infrastructure is one of the primary drivers of the digital substation market. Grid transition in communication and energy is also driving the market. The increasing demand for reliable power supply system is another reason for the growth of the digital substation market. The installation of digital substation requires high initial investment, which might restrain its expansion. Many companies have adapted the phase-wise installation of digital substations to tackle the budget constraints of installation. Also, in the long run digital substations could reduce cost and increase efficiency. Rapid industrialization in many emerging countries is one of the investment opportunities seen in the digital substation market.

The digital substation market can be divided into two types: transmission substations and distribution substations. Voltage segments of the digital substation market are 66kV, 66kV to 220kV, 220Kv to 550kV, and 550kV and above. Digital substations use different types of modules, such as hardware (transformers, condition monitoring system, protection device, bus bars and others), fiber optics communication, and supervisory control and data acquisition (SCADA). Utilities, metals, and mining are the major end-use industries of the digital substation market.

Leading players present in the digital substation market are ABB Ltd., Honeywell International Inc., Emerson Electric, Siemens AG, Larsen & Toubro Limited, NR Electric Co., Eaton Corp., Schneider Electric SE, Cisco systems, Inc., and General Electric Company.

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Class D Audio Amplifier Market – Influential Factors Determining the Trajectory of the Market

Class D amplifier, also known as switching amplifier is referred to an electronic amplifier in which amplifying devices such as transistors function as electronic switches, unlike other amplifiers in which these devices operate as linear gain units. The signal that is to be amplified is a chain of incessant amplitude pulses, so that the devices which are active can switch back and forth rapidly between a completely non-conductive and conductive state. The analog signal in the process to be amplified is transformed to a series of pulses with the help of pulse density and width modulation or other different methods. The class-D amplifier works by generating a series of square pulses of a fixed amplitude but with varying separation and width, the portion in low-frequency is the actual frequency spectrum whose signal is to be amplified.

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The report is an investigation in the growth of the global class D audio amplifier market over the last couple of years and in the coming years. The market research publication further reasons out the causes of the changes in the market across the globe. It does this so by presenting an evaluation of the dynamics and the trends prevalent from the last few years and the ones that are likely to retain an impact during the forecast period. The Porter’s five forces analysis is being taken into consideration for the analysts to provide a clear view of the vendor landscape to the readers. Mergers, agreements, acquisitions, and other partnerships have also been highlighted in the report. The study further delves into the working of the various leading companies along with the information on the products, strategies, and shares of the companies in question.

The global market for class D audio amplifier is expected to witness substantial growth over the near future. This growth can be attributed to the growing demand for the technology of class D audio amplifier in sectors such as automotive and consumer electronics. Other aspects such as rising penetration of these amplifiers in consumer electronic goods, growing disposable income of consumers in developing countries, and rising demand for compact and energy efficient devices. However, the growth of the market is likely to be hindered by the high cost of integrating LC filters, issues with interface integration in several audio devices and locating of the customized raw materials from the suppliers to the manufacturers of class D audio amplifier manufacturers.

The 2-channke class D audio amplifiers are expected to gain prominence across several sectors due their high usability in stereo systems of cars to power the rear and right and front speakers. They are also employed in consumer electronic devices and home entertainment systems.

Asia Pacific is expected to rake in a sizeable share of the pie in the global class D audio amplifier market and is also expected to exhibit exponential growth over the coming years. This progress can be attributed to the rising disposable income of consumers in the region, high demand for consumer electronics, flourishing infrastructure, and growing technological advancement in the region.

Some of the leading companies operating in the global class D audio amplifier market are ICEpower A/S, Silicon Laboratories Inc., Monolithic Power Systems, ROHM Semiconductor, ON Semiconductor Corp., Infineon Technologies AG, NXP Semiconductors N.V., Analog Devices Inc., Texas Instruments Inc., and STMicroelectronics.

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Automotive Turbochargers Market – Intense Demand for Lighter Vehicles Pushes Sales of Turbochargers

A predominantly consolidated global automotive turbochargers market was present in 2015, where the five leading players took up over 66% of the market’s value. BorgWarner Inc., Honeywell International Inc., Mitsubishi Heavy Industries Ltd., IHI Corporation, and Cummins, Inc. have been well-known names within the global automotive turbochargers market and are likely to remain as that for the coming years.

However, according to a research report released by Transparency Market Research, the global automotive turbochargers market will witness the stiffening of several challenges and maturation of top regions which will lead to the moderation of shares held by the top players, allowing a greater scope of entry for newer names. Players such as Continental AG, Bosch Mahle Turbo Systems, Eaton Corporation PLC, and Turbo Energy Pvt. Ltd. are likely to show a steady gain in value over the coming years. The global automotive turbochargers market is expected to expand at a CAGR of 10.1% within a forecast period from 2016 to 2024, in terms of revenue. This revenue is expected to reach US$20.35 bn by the end of 2024, after ending at US$8.56 bn in 2015.

“Making vehicles lighter has always been a highly popular trend in the global automotive turbochargers market. Lighter cars, for instance, hold the advantages of reduced volume of metal, lesser maintenance, better fuel efficiency, and faster speeds. The automotive industry has lately been chasing fuel efficiency targets owing to the growing number of emission restrictions being imposed across the world. Europe, the leading region in the global automotive turbochargers market for 2015, has been especially strict when it comes to controlling fuel consumption and vehicular emissions. This is a definite driver for the global automotive turbochargers market, which has so far been a very efficient method to reduce weight of a vehicle as well as emissions,” states a TMR analyst.

Other factors driving the global automotive turbochargers market at the moment include the growing penetration of turbochargers in gasoline vehicles. Although they are primarily intended to be used in diesel engines, manufacturers have already begun developing turbochargers aimed at gasoline vehicles. The growing use of turbochargers in gasoline vehicles could possibly elevate their demand by a staggering amount from the Asia Pacific region, which holds a greater volume of gasoline vehicles.

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Demand for Electric Vehicles Escalates, Hampers Turbocharger Sales

Electric vehicles are growing stronger in terms of speed, efficiency, and overall utility. They have already begun being comparable to high end gasoline and diesel vehicles and are steadily gaining popularity across the world for being zero-emission vehicles. These factors are directly driving the sales of electric vehicles, and are hindering the sales of conventional ones. As a result, the demand for turbochargers is also taking a hit. As a greater percentage of vehicle users resort to the constantly evolving electric vehicles to stick to the ever-strengthening emission norms, manufacturers of turbochargers are expected to receive a cutback in overall production numbers.

Other factors hindering the global automotive turbochargers market include the increasing cost of non-renewable fuel which is pressurizing several consumers to change to electric vehicles, bicycles, and public transport. At the same time, manufacturers of turbochargers have consistently faced a negative impact from turbo lag. The greater time taken to build up exhaust pressure required to turn the turbine is becoming more of an issue in comparison to other, more evolved emission-reducing technologies.

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Tax Software – The Gloomy Future Of The Tax Preparation Industry

Tax software is designed to help companies or individuals in ensuring tax compliance for corporate tax, income tax, VAT, customs, sales tax, service tax and similar tax returns users may require to pay. Tax software simplifies the process of filing tax by avoiding user’s work through tax forms and also automatically calculates the company’s or individual’s tax compulsions/obligations. The objective of these software is to provide the user with a simplified solution to calculate tax payment and minimize any associated human error.

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Automation of business critical applications, reduces the execution risk by reducing operating costs, improving management, visibility and increased productivity. The convergence of digital devices and technologies with traditional business processes and rapidly changing industrial environment, are increasingly growing demand for the tax software market. As such, tax procedures are switching to smart tax software products that are capable of handling every critical aspect of a tax obligations lifecycle. Highly scalable tax software, some of which also have the capability of avoiding duplicity and minimizing deductions, to more effectively serve the consumers. From the market perspective, increasing electronic filing of individual tax returns is expected to reduce internal revenue service (IRS) and ultimately increase enforcement revenue.

Tax software are of primary focus for small businesses as it maximizes tax deductions and removes the necessity to hire tax accountants for filing taxes. All these factors are collectively supporting the demand for a variety of tax software across the globe. Due to these factors, the global tax software market is projected to expand at an excellent pace over the forecast period. The increasing improvements in tax collection systems, especially in developing regions, is one of the crucial factors driving the global tax software market.

Furthermore, advancements in cloud and analytics has led to the rising adoption of tax software. These factors are anticipated to garner increased adoption rates and propel the tax software demand over the forecast period.

The global tax software solutions market can be segmented based on deployment type, solution, billing type, verticals and region. In terms of deployment type, the market has been bifurcated into cloud-based and on-premise software. Based on solution, the market can be segmented into integrated-suite and standalone software. On the basis of billing type, the market can be segmented into license based and subscription based. Furthermore, on the basis of verticals, the market is segmented into BFSI, telecom & IT, government, healthcare, retail & consumer goods, transportation, manufacturing, energy and utilities.

The global tax software solution market is also segmented on the basis of regions into North America, South America, Europe, Asia Pacific and Middle East & Africa. The market is dominated by developed regions such as North America and Europe owing to the availability of funds for supporting the switch to operational advancements. North America has the largest number of industries which are willing to invest in the tax software solutions. Adoption rate in North America is comparatively higher when compared with other regions. Europe has a huge transportation, logistics, and shipping market. Pertaining to high requirement for automated system and services, the companies are utilizing cloud based solutions to differentiate their services. This trend can be attributed to the increasing focus on innovations obtained from research and development and advanced technologies in the developed countries. Moreover, Asia Pacific is among the fastest growing markets. Whereas, south America and Middle East & Africa regions are also expected to grow significantly over the forecast period.

Some of the major players active in the development of tax software market include Vertex, Inc., Avalara, SOVOS, H&R Block, EGov Systems, Intuit Inc., Xero, Thomson Reuters, Exactor, Wolters Kluwer, FedTax, LegalRaasta.com, Drake Software, BLUCORA and LumaTax.

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