Farm Tractors Market Is Set For A Rapid Growth By 2024

The global farm tractors market is growing at a healthy pace across the globe, owing to the rising innovations and advancements in its technology. The growing investments by governments across the globe in the agriculture sector in order to enhance the quantities of food produce are some of the other factors expected to accelerate the growth of the market in the near future.

The research report offers a 360-degree view of the global farm tractors market, presenting insights into the primary factors that are anticipated to encourage the growth of the market in the coming years. The market dynamics, current trends, technological developments, geographical segmentation, product portfolio, and the competitive landscape of the global farm tractors market have been discussed at length in the research study to offer a clear understanding of the overall market. The information concerning the global market has been collected from several paid and unpaid sources, including journals, press releases, presentations, and white papers.

Global Farm Tractors Market: Drivers and Restraints

The growing demand for agriculture produce, owing to the tremendously rising population is one of the important factors estimated to fuel the growth of the global farm tractors market in the next few years. In addition, a significant rise in demand for food produce, the farm tractors market is expected to register a progressive growth rate throughout the forecast period. The rising number of players in the market with a view to expand their product portfolio and offer improved and technologically-advanced farm tractors are some of the other factors estimated to encourage the growth of the market in the near future.

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On the flip side, the high cost of farm tractors is one of the major factors restrict the growth of the global market, especially in under-developed countries. Moreover, the inclination of farmers to make use of traditional ploughing methods in several developing nations is expected to hamper the growth of the global farm tractors market in the next few years. However, the emergence of low power tractors and the easy availability of credits for buying farm tractors for farmers are anticipated to generate potential opportunities for the leading players operating in the market.

Global Farm Tractors Market: Region-wise Outlook

The global farm tractors market can be classified on the basis of geography into North America, Europe, Asia Pacific, and the Rest of the World. The developed economies across the globe have continued to witness a significant rise in the technology and mechanization of farming practices. The availability of credits, the rising number of government subsidiaries, and the scarcity of labor are some of the key factors expected to boost the demand for tractors in the next few years.

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Smart Battery Market Revolution Will Lead To Future Electric Vehicle Boom

The smart battery market is poised for considerable growth in the coming years, riding on the rising demand and usage of smart electronics such as smartphones, tablets, laptops, and cameras. Technological advancements aimed at improving the efficiency of batteries used in various end uses have played a significant role in the development of this market.

The global market for smart batteries has been studied based on type of battery, application, and geography. By battery type, the market includes nickel-metal hydride (NiMH), lead acid, nickel cadmium (NiCd), lithium ion, alkaline, zinc carbon, and lithium ion polymer. The key applications of smart batteries are biomedical devices, industrial, consumer electronics, automobiles, and military and defense.

The report on the worldwide market for smart batteries offers a detailed assessment of the global scenario, also shedding light on the key regional segments. The prominent factors influencing its growth have been identified and analyzed and sharp inputs on how to overcome the major challenges have also been highlighted. The various regulatory factors at play have been taken into consideration, offering recommendations on how to capitalize on them.

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The power generation sector contributes significantly to the global carbon emission and as a result, there is a growing need to develop energy-efficient products that will help minimize the carbon footprint. Growing consumer awareness regarding this need has boosted the uptake of smart batteries, supported by favorable government regulations. The smart battery market is also fueled by the soaring popularity of the internet of things (IoT) and the rising consumption of battery-enabled consumer electronic devices.

In contrast, certain compatibility hurdles and the need for frequent calibrations pose a challenge to the smart battery market. Moreover, the high cost of smart batteries in comparison to conventional ones acts as a major restraint on the market, resulting in poor demand especially in low-income countries. The high cost of smart batteries is owing to the fact that they require a special charger.

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A New Generation of Intelligent Electronic Devices Market

Most of the nations worldwide are trying to raise their electricity production in order to complement the increasing industrialization and urbanization. This factor has significantly contributed to the rise of substation installation in order to deliver electricity to various remote parts of a nation. A substation is used to step up current and voltage or vice versa for transmitting electricity to long distances.

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Thus, a substation typically consists of equipment such as circuit breaker, transformer, capacitors and voltage regulators which perform transmission, distribution and protection of equipment’s from both the ends. This makes substation an important part of power system which needs constant monitoring and maintenance for smooth operation. Intelligent electronic device helps to monitor, control and protect the substation equipment’s from unpredicted faults resulting in disruption of power supply.

Intelligent electronic devices consist of a group of microprocessor controlled components such as switching, control and communication units. Switching units comprises devices such as protective relay, electrically operated on-load tap controller and electrical isolator which operate in substation to mechanically isolate the system in case of possible fault. Some switching units also continuously monitor and collect data which is fed to control units through communication devices. Communication devices comprises Ethernet cables, wireless transmission and power line communication carrier (PLCC). Today, most of the intelligent electronic devices manufacturers provide communication through Ethernet cables and wireless communication.

Control units consists of a system which helps to monitor and control the remote terminal unit (RTU) or switching units in real-time. Further, it also collects historical data from switching units thereby providing detailed analysis to the operator. Intelligent electronic devices also consist of monitoring systems, supervisory control and data acquisition (SCADA), human machine interface (HMI) and digital meters which help to provide additional information of overall health of substation systems.

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Recordable Optical Disc Market Is Set For A Rapid Growth By 2024

Recordable optical discs are commonly used for data storage and retrieval purposes. These discs came up with a breakthrough technology to store data on magnetic discs and provided efficient results in comparison to the traditional magnetic tape and floppy disks. Recordable optical discs are laser based optical recording discs. The laser light is used to change the reflectivity of the optical disc and eliminate data duplicity.

Recordable optical disc market is segmented on the basis of recording modes, disc type, capacity and end-users. The recording modes of optical discs is further classified as Disc At Once (DAO), Track At Once (TAO), Session At Once (SAO) and packet writing. DAO recording technology is suitable for writing disc at one go and is usually preferred for duplication of optical disc. This technology is basically used in DVDs. TAO recording mode is used for writing the individual tracks on the disc and mostly preferred in writing data and audio into CDs/DVDs at the same time.

SAO allows multiple sessions to finalize the recorded data on the disc. SAO mode is preferred for optical disc used in computer drives. SAO recording mode is avoided for the disc which contains audio data. Packet writing allows recordable optical discs to be used in similar fashion to the floppy disk and is preferable for both recordable and re-recordable discs.

Recordable Optical Disc Market: Segmentation

On the basis of disc type, the market is segmented as CDs, DVDs and Blue-ray discs. Also, on the basis of capacity, recordable optical disc market is further segmented into three categories, viz. less than 5 GB storage, between 5 GB & 10 GB and higher than 10 GB. The recordable optical disc market is segmented on the basis of end-users as media and entertainment industries, education institutes, healthcare centers and others (manufacturing industries and general purposes).

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Recordable Optical Disc Market: Drivers, Restraints, and Trends

The latest developments in the optical disc and increasing demand for archived solutions is expected to the drive the recordable optical disc market. The recently developed UV optical disc provides data storage over 100 GB and is expected to lead in its adoption for commercial data storage purposes. Similarly, media and entertainment industries are largely dependent on recordable optical discs to commercialize and archive their audio/video data. Further, evolution of holographic data storage technologies in recordable optical disc that stores data in a three-dimensional code and provides high-rate of security may lead to its adoption in near future.

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Smart Mirror Market: The Future of Modern Technology

Any highly functional mirror can be a smart mirror. Smart mirror technologies include self-dimming capability, as well as self-cleaning and self-repairing ability with the layers of different smart materials. Embedded electronics including cameras, displays and sensors are also the parts of smart mirror technologies as they help in converting a simple mirror into an electronic device. Smart mirrors can be used in various applications such as advertising, healthcare, consumer, and automotive. Digital smart mirrors are significantly gaining momentum due to various factors such as design/style, comfort/convenience and safety.

The focus on enhanced road safety drives the demand for incorporating new electronic functionalities to the automotive mirrors. Activated light sensors, and electrochromic self-dimming smart mirrors have significantly improved road safety by increasing response times as well as reducing driver fatigue.

However, through the use of other electronic functionalities such as integrated sensor systems, displays, touch capability, Wi-Fi connectivity, and GPS, the road safety can be further enhanced in a significant manner. Automotive smart mirror vendors are now focused on marketing mirrors having customizable capabilities.

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Smart mirrors are also anticipated to have a potential market in retail and advertising sectors. The use of these mirrors is in trial stage in certain places such as in elevators, public restrooms, hotels or office lobbies, and so on. For instance, in January 2011, Clear Channel Airports (CCA) and Mirrus Corporation collaborated on a pilot program of deploying 150 smart mirrors with advertising displays in all restrooms at the Chicago O’Hare airport. Moreover, smart mirrors have the capability to increase sales in retail sector, mainly in dressing rooms. The combination of mirrors with RFID and display technology can be helpful in displaying vital information and user-specific suggestions hence increasing the sales.

The smart digital mirrors are anticipated to gain a considerable market share in healthcare applications, in both residential and professional settings. Smart mirror technologies can improve patient care and compliance, thus reducing healthcare expenses in certain cases. Smart mirrors can deliver patient-specific information such as real-time human body statistics (heart rate, body temperature, and blood pressure) and prescription reminders. The information which is provided by the camera in form of an image can be used for diagnostic purposes as well as for determining appropriate treatment.

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Intelligent Building Management Systems Market | IoT based Smart Building Solutions

Intelligent building management systems (IBMS) are used to manage the technology involved in modern buildings. Building management systems are further developed with the help of Internet and related IT infrastructure to create IBMS. All the management systems installed in a building are integrated in the IBMS with help of Internet protocol (IP) network. It helps in reducing the energy consumption rate and carbon footprint for the building. Automation helps in maintaining the sound infrastructure of the buildings and comply with the rules and regulations developed by government for building security. Operating costs are reduced with the help of IBMS as all the tasks related to maintenance are performed as per the schedule without any need of inspection.

Intelligent Building Management Systems Market: Key Drivers

Rapidly increasing construction sector is the main driver of the IBMS market. With the growing population, requirements for sound infrastructure are also rising. Also, buildings constructed nowadays are incorporating technology to improve the lifestyle of society. This rising adoption of technology in the buildings has increased the demand for IBMS. As new and innovative management solutions are being deployed in the buildings to manage technical applications. A single front-end interface is provided in the IBMS through which all the subsystems are managed.

It helps in increasing the efficiency of the whole building by reducing the errors and failures. Further, rules and regulations related to building safety has increased the demand for IBMS. All the buildings must comply with the safety standards established by the government. IBMS has different modules to deal with situations such as fire and flood. With the help of alarm systems residents are informed about the situation so that they can take evasive actions to protect themselves.

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Moreover, changing customer mindset helps to boost the awareness about innovative technological solutions related to building management. Consumers are aware about the latest developments related to building safety and are demanding for it. Power-line communications provide tremendous growth opportunities for the IBMS market. It assists power-line communication technology by improving the low speed and high speed networking operations. However, lack of awareness about the IBMS and incompatibility of devices involved in the IBMS with the present systems are restraining the growth of IBMS market.

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Shrink Wrap Packaging Systems Market Adopts Innovation to Stay Competitive, 2018 – 2024

Many of the products in today’s era require different style of packaging that must be flexible and even attractive. Shrink wrap packaging is an ideal solution for packing uneven shape objects with flexibility and ease. Shrink wrap is a process under which the product to be packed is covered with a shrink film, which is then heated so that it shrinks on the product. The shrink film is a polymer plastic film made of PVC, polyethylene, polypropylene, or polyolefin. Mostly Polyolefin with different thickness, strength, clarities, and shrink ratios is used as a shrink film.

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The film is heated with the help of a handheld gun, or the product along with the film is passed through the heating tunnel on a conveyor. Shrink wrap packaging serves the purpose of keeping the product stable and clean, and also helps make it tamper resistant. Shrink wrap packaging is used as an overwrap on boxes, cartons, pallet loads, and beverage cans. It is also used as a primary covering in many food items such as meats, cheese, plants, and vegetables. There are various shrink wrap packaging systems available in the market, which are equipped with different technologies such as sleeve wrappers, side sealers, shrink tunnels, and L-sealers.

The ever expanding food industry and the safety concerns related to products during their transit are factors expected to bolster growth of the shrink wrap packaging systems market over the forecast period. Over the years, there has been a modest rise in application of shrink wrap packaging in industrial equipment. Thus, surge in industrialization in turn is expected to contribute towards growth of the shrink wrap packaging systems market over the forecast period. Shrink wrap is also used to wrap roofs after any natural disaster, such as earthquakes, hurricanes, tornadoes, which is a major beneficial feature that is expected to propel growth of the shrink wrap packaging system market in the near future.

However, there are other substitutes available for shrink wrap packaging, such as vacuum packaging, which are equally reliable and effective; this may hamper growth of the shrink wrap packaging systems market over the forecast period. Also, the shrink wrap packaging process is risky, and the person handling the system needs to be cautious as the shrinking involves heating the material up to a high temperature, a factor which again could slowdown growth of the shrink wrap packaging systems market over the forecast period.

Increasing consumer concerns over healthy and hygienic food are expected to create major growth opportunities for players operating in the global shrink wrap packaging systems market over the forecast period. Also, the food industry experts are trying to differentiate their products from their competitors by providing a robust and unitized packing format in the form of shrink wrap packaging. Due to the flexibility and easy handling features of the shrink wrap packaged products, shrink wrap packaging has become a preferred consumer choice in the global packaging industry. The global shrink wrap packaging system market is anticipated to expand at a single digit CAGR over the forecast period.

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