Lubricant Packaging Market Is Set For A Rapid Growth By 2024

The global market for GCC lubricant packaging is experiencing an intense competition among its well established players. Players in the market are using novel manufacturing technology to make the market more competitive. Players in the market are spending heavy amount behind research and development activities to manufacture efficient market product, thus expanding the product portfolio. Apart from these, players are focusing on product advancements and product innovation which is likely to help them to expand their customer base and product differentiation. Some of the major players in the global GCC lubricant packaging market are Saudi Can Manufacturing Company Ltd, Mold Tek Packaging Ltd, First Press Plastic Moulders Ltd., Neelkamal Plastics Factory LLC., and Duplas Al Sharq.

According to a recent study by Transparency Market Research, the global GCC lubricant packaging market is predicted to expand at a robust CAGR of 3.30% during the assessed period 2016 – 2024. The market which was worth at US$162.7 mn in 2016 is likely to be valued at US$210.4 mn by the end of the assessed period. The market on the basis of end user is classified into chemicals, machine industry, oil and gas, power generation, metal working, automotive, and other manufacturing. Of these, the automotive sector holds the majority of the share owing to significant rise in the automotive sector. Booming automotive industry sector to provide lucrative growth opportunity in the market. On the other hand, chemical industry will exhibit a decent rise in the coming years. On the basis of region, Asia Pacific is anticipated to held the majority share and is predicted to dominate in the future owing to presence of major player and increase in economic conditions of the nations in the region.

Stringent Environmental Rules and Regulation to Hamper Market Growth

One of the major reasons that is helping the market to move in the forward direction is the several initiatives undertaken by the government to promote non-oil industries. Government of several countries are spending hefty amount behind non-oil industries to help it become one of the potential source of income. This is likely to help the population rely less oil industries which experiences recurrent volatility in the crude oil prices. However, on the other hand it has been noticed that the strict environmental rules and regulation imposed by various governing bodies are predicted to deter market growth.

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Rise in disposable income and rapid urbanization have significantly change people’s lifestyle. This has made them prefer premium and luxurious product resulting in increase in demand for vehicles. Rapid advancement in technology and extensive research and development activities to meet the ongoing demand for vehicles are indirectly helping the market. Rise in demand for vehicles results in high demand for lubrications. Consumption of lubricant in semi-liquid, liquid, or solid form is linked with the automobile industry. Surge in demand for packaging products such as intermediate bulk containers which store lubricant including process oil, grease, gear oil, and engine oil which are used in daily operation of automobiles is likely to foster market growth.

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Global Industrial Floor Scrubbers Market: Increased Emphasis on Cleanliness Driving Demand, notes TMR

The analysts of a fresh business and commerce study by Transparency Market Research (TMR) have notified that the global industrial floor scrubbers market is largely fragmented in nature, a few player do hold slightly stronger position than the rest. The report has identified Bortek Industries, Wiese, Inc., and Hako Holding GMBH & Co. KG are three companies who were ahead of the curve in the world industrial floor scrubbers market in 2016, although the continuous inflow of new entrants will continue eat into their shares. 

For the market leaders, the key strategies are to expand their geographical footprint and concentrate on strengthening their research and development activities, consequently making it difficult for smaller players to compete in terms of technology, reliability of products, and price. Tennant, Nilfisk, Tornado, Comac, Fimap, iRobot Corporation, and IPC Gansow are some of the other notable players currently aspiring greater shares in the global industrial floor scrubbers market.

Global Industrial Floor Scrubbers Market to be worth US$6.62 bn by 2025

If the projections of the TMR report are to be believed, during the forecast period of 2017 to 2025, the demand in the global industrial floor scrubbers market will increment at an impressive CAGR of 8.5%. By the end of the forecast period, 2025, the analysts have estimated that the opportunities in the market will translate into a revenue of US$6.62 bn, considerably up from its evaluated worth of US$3.24 bn in 2016. In the near future, development of new products that ideally meet the diverse demands from the end users is expected to define the leader of an intensely competed vendor landscape.

Based on type, the report has segmented the global industrial floor scrubbers market into ride-on scrubbers, walk-behind scrubbers, and robotic scrubbers. As of 2017, the walk-behind scrubbers segment provided for more than half (51%) of the total demand, although the robotic scrubbers segment is primed to grow at a stronger CAGR during the said forecast period.

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This escalating demand for robotic scrubbers is a reflection of persistent aspiration of various industries to adopt automation methods that improve efficiency of monotonous procedures and hence achieve incremented production. On the basis of end-use industry, the market for industrial floor scrubbers has been bifurcated into healthcare and pharmaceuticals, transportation, hospitality, education, government, retail and food, and manufacturing and warehousing. Geographically, the report highlights North America as most lucrative region, which provided for 33.5% of the total demand, while Europe emerged as second-leading regional market the same year.

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Pharmaceutical Bottles Market – PET Pharmaceutical Bottles Segment to Retain Leadership

The Spain market for pharmaceutical bottles is highly fragmented with a large portion of this market being operated by a number of international players, small domestic participants, and unorganized companies. Most of the international players focus aggressively on selling their products through distributorship in order to cater to the requirements of the pharmaceutical companies and are expected to continue this practice over the forthcoming years. Gerresheimer, Amcor, and Alcion Plasticos are some of the key players functioning in this market.

As per the estimations, the market for pharmaceutical bottles in Spain, which was worth US$241.4 mn in 2016, is likely to progress at a CAGR of 3.80% over the period from 2016 to 2024 and reach a value of US$235 mn by the end of the forecast period. In terms of shipment volume, the market is likely to touch 1,619 mn units mark by 2024. Thanks to the rising utilization of PET in the manufacturing of pharmaceutical bottles, fueled by its atmosphere barrier properties, the PET segment is likely to remain witnessing a higher growth than other material type segments over the next few years, reports the research study.

Oral Care Products to Report Strong Demand for Pharmaceutical Bottles

The report further provides a comprehensive evaluation of the application areas of pharmaceutical bottles in Spain. According to the study, pharmaceutical bottles are predominantly utilized in liquids, E-liquid, droppers, oral care products, and topical medication in this country. Oral care products, among all, have been exhibiting a greater demand for pharmaceutical bottles. It held a share of nearly 36% in the total demand for pharmaceutical bottles in Spain in 2016. Analysts predict the segment will demonstrate a significant incremental performance in terms of the growth rate as well as the market share throughout the forecast period.

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Topical medication, amongst others, is expected to witness a considerable rise in the years to come due to the design competence of pharmaceutical bottles that offer a convenient and less messy dispensing of lotions and semi-solid contents.

Plastic-based Pharmaceutical Bottles to Trend in Spain Pharmaceutical Bottles Market

“The advancements in the drug delivery formats applicable in the medical and healthcare industry are having the most prominent influence on the market for pharmaceutical bottles in Spain,” states the author of the study. Plastic-based pharmaceutical bottles are the latest trend in the Spain pharmaceutical market. The availability of relatively cheaper polymers in abundance has brought the focus of manufacturers towards producing pharmaceutical bottles from plastic. According to researchers, this trend will shape the future of this market over the forthcoming years.

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Smart Homes Market Brings Unprecedented Data With New Challenges

The global smart homes market is envisaged in a report by Transparency Market Research (TMR) to witness a moderate degree of competition due to the presence of a small number of players. However, the factor of high profitability could encourage more players to enter the global smart homes market during the forecast period 2017-2025. Merger and acquisition and constant improvement of product portfolio are expected to see high adoption among players to gain a stronger share of the global smart homes market. Some of the leading players of the global smart homes market are Schneider Electric SE, Johnson Controls, Inc., and Honeywell International, Inc.

TMR envisions the global smart homes market to post a 14.6% CAGR to reach a US$97.61 bn in valuation by 2025. In 2016, the global smart homes market was valued at a US$30.02 bn. Among applications, HVAC control could bag a colossal share of the global smart homes market by the end of the forecast period. In 2016, it collected a 27.2% share of the global smart homes market. From a geographical standpoint, the smart homes market is foreseen to find North America taking its command in terms of revenue growth. In 2016, the regional smart homes market accounted for a 38.7% share.

Rising Need to Save Energy and Enable Automation at Homes to Boost Growth

The global smart homes market is predicted to gain momentum in its growth because of the rising adoption of IoT. Urban populations showing an increasing inclination toward home automation for saving energy could set the tone for valuable growth in the global smart homes market. On the other hand, reducing prices of processors and sensors is expected to improve the demand in the global smart homes market. The growing need to improve home security, high focus on enabling ease of living, and rising disposable income of people could create several opportunities in the global smart homes market.

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The advent of high-speed internet and increasing demand for Wi-Fi connectivity are prophesied to provide a fillip to the global smart homes market. Besides North America, Europe could witness a strong rise in the demand for smart homes owing the need to reduce energy consumption and presence of a significant count of industries in the region.

Extortionate Cost of Smart Home Services to Provide Headwinds to Market

The requirement of constant maintenance and expensive cost of various tools and services are forecast to hamper the demand for smart homes. Rising number of privacy issues and cases of security breach could make up another factor dampening the growth of the global smart homes market. However, improving adoption of power line communication technology is prognosticated to bolster the global smart homes market. On the other hand, the need to improve energy efficiency and enhance entertainment, security, lighting controls, and other applications in residences could augment the demand in the global smart homes market.

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High Performance Computing Market Is Set For A Rapid Growth By 2019

High Performance computing is defined as aggregation of processes for delivering higher and efficient performance as compared to other desktop workstation or computer helping the companies to solve problems related to engineering, business, or science. High performance computers are clusters of more than one processor with node size range from 16 to 64 nodes. High performance computers help to solve problems of recurring and complex operations as individual nodes work together and hence can solve problem more efficiently than one computer.

High performance computing has wide applications in various fields such as weather forecasting, molecular modeling, physical simulations, and quantum mechanics. Factors such as economic competitiveness and new product innovations are driving the demand for high performance computing market currently. Moreover recent developments such as cloud based approach in high performance computing market are captivating SMEs (small to medium-sized enterprises) in the market. SMEs using high performance computers would minimize the initial investments for building infrastructure, hardware implementation and thus the high performance computing market is expected to grow exponentially in near future.

Globally high performance computing market is experiencing a strong adoption as increase in data centers and huge investment by government is increasing rapidly among the users. High performance computing applications are experiencing a rapid adoption as users are able to solve challenges related to simulation and scientific modeling of different processes and events.

High performance computing refers to the use of algorithms, networks, and environments for computers ranging from small clusters to super computers in order to make the system usable. High performance computing helps to stimulate a “bio-molecule” of 10000 atoms, which enables the user to do large simulations for larger molecules. High performance computing market is rapidly growing for use in scientific computing as it helps in deliverance of cost-effective and flexible solutions. Increased growth of commercial web applications is a key factor helping to increase the demand of high performance computing solutions globally. Linux cluster are the most preferred clusters while operating high performance computers.

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The demand for high speed computing market is driven by factors such as advancements I cloud computing, convergence of big data, development of new technologies and solutions for embedded processors, hot water cooling, and nonvolatile memory, among the others. Governments across globe are recognizing the need of high performance computing due to importance of factors such as competitiveness and security as key areas of concern. High performance computing market has extensive use across verticals including communications, defense, and biotech, among the others. Pricing is a key factor which would determine the future potential of high performance computing market. Other factors such as power and cooling, and cost of compute resources, among the others are restraining the market growth.

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Future of 5G Service Market – Next-Gen Wireless System Set To Enable Our Connected Future

Smart mobile networks are expected to connect with more devices, handle more data, significantly reduce latency and bring new levels of reliability. 5G service has been designed to meet these needs by pooling bandwidth to boost speed and range. In addition, the rising demand of mobile data traffic volume is influencing the growth of 5G service globally and this factor is anticipated a significant growth during the forecast period.

Moreover, increasing dependency on machine to machine communication is further booming the market of 5G service and this trend is attributed a robust growth during the forecast period. Additionally, rising demand for broadband services is further booming the growth of 5G services. The impact of this factor is medium in recent times and is anticipated to be high during the forecast period. Growing demand of high speed and large network coverage is influencing the growth of 5G services globally.

The global 5G service market is segmented in one category: by application. Based on application of 5G services the market is segmented into Energy and utility, automotive, healthcare, retail, consumer electronics, industrial automation, intelligent building and infrastructure, public safety and surveillance and home automation. In terms of energy and utility application the market of 5G services further segmented into smart grid, connected pipeline, connected logistics, physical security, mobile workforce management and asset management.

In terms of automotive application 5G services the market can be further segmented into road safety and traffic efficiency, intelligent navigation and digital logistics. Based on healthcare segmented the market bifurcated into Mhealth, connected health and telemedicine.

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In terms of retail segmented the market of 5G services is further segmented into field force tracking, supply chain management, remote monitoring, end consumer retail automation and field force productivity and automation. Based on consumer electronics of 5G services the market can be bifurcated into smart appliance, smart TV and smart TV consoles, wearable devices. In terms of industrial automation the market of 5G services is further segmented into machine type communication, impact of IoT (Internet of Things) and remote machinery. Intelligent building and infrastructure segmented is further segmented into facility management and energy optimization and parking management.

Based on public safety and surveillance segment the market of 5G services is bifurcated into surveillance systems, emergency and disaster management, C2/C4ISR system and public address and general alarm. In terms of home automation application segment the market of 5G services further segmented by lighting control, HVAC control, security and access control, entertainment control and others.

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Internet of Things Testing Market Brings Unprecedented Scale With New Challenges

The Internet of things (IoT) represents a giant network of interconnected devices or things that are embedded in the existing internet infrastructure. These things can include a variety of objects such as electronics devices, vehicles, equipment, sensors, and consumer appliances. The concept may signify the sharing of data and information with people and animals connected to the infrastructure in near-real time. The proliferation of connected devices and the soaring popularity of IoT among enterprises in developed and developing nations have led to the pressing need for IoT testing mechanisms.

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Developing an effective IoT testing mechanism foregrounds evaluating key aspects such as compatibility and usability of the interconnected devices, security of the network, the connectivity, and overall performance of the system. Furthermore, enterprises implementing IoT should take into account the integration of new devices and technologies with the existing network.

A number of IoT testing service providers have emerged in the market who provide various managed services or professional services such as compatibility testing, pilot testing, regulatory testing, and upgrade testing. There are several implementation challenges in IoT testing that service providers must take into account. One such challenge is finding solution to the hardware-software mesh of the components. Functionality testing is limited in scope for understanding the dependence of hardware and software in the system. This calls for real-time communication among the IoT devices. The real-time data testing is fraught with creating viable regulatory points for pilot testing, noticeably in healthcare and medical industries.

Internet of Things (IoT) is a scenario where each and every object along with human beings or animals is connected to internet in order to send or receive data. It does not involve direct interaction with computers. The networking is more commonly known as connected devices or smart devices. With the advent of smart devices, the need to test the equipments for performance is pertinent. Hence the market for internet of things testing is expected to witness significant growth during the forecast period.

The market for internet of things testing is driven by several factors. The use of IoT in retail has helped the retailers to manage their goods and sell them online. In addition, the application of IoT also helps the vendors to manage their inventory effectively. Moreover, the integration of internet and the development of retail applications for mobiles are giving the users the possibility of shopping online without having to go to the stores. Moreover, IoT also ensures that the buyers can buy the things online and get them delivered at their desired address.

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