Fire Extinguishers Market By Leading Manufacturers and Product Types With Region By 2026

The rising awareness about the fire safety norms and strict government regulation towards the fire safety norms are propelling growth of the global fire extinguisher market. The growing safety concern has compelled the residential and commercial complex to be equipped with the fire extinguisher. These are some of the factors fuelling demand for the global fire extinguisher market in the near future.

On the basis of end user, the industrial segment account for maximum share in the global fire extinguishers market. This is because growing industrialization in developing and developed countries for example Brazil, Indonesia, India and China.

The report offers comprehensive analysis of the global fire extinguishers market along with the segmental and regional analysis is also included in the research report. The report also offers key restraints and drivers impacting growth of this market. In addition, the research report also provides changing competitive landscape of this market in the coming years.

Fire Extinguisher Market: Trends and Opportunities 

The global fire extinguisher market is likely to offer significant growth during the course of forecast period from 2018 till 2026. The increasing constructions activities for the development of commercial centers, new industrials plants and launch of new housing projects and implementation of strict norms related to fire safety is positively augmenting for the growth of the global fire extinguishers market in the coming years. In addition to this, growing innovation in solution for instance innovation in sound based firefighting technology is another factors influencing growth of this market in the foreseeable future.

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The developed nations such as Japan, Saudi Arabia, the U.A.E and U.S. is investing more on their infrastructure growth and this is likely to boost growth of the global fire extinguishers market in the upcoming years. The growing construction of the high rise buildings is stimulating growth of the global fire extinguishers market in the near future.

On the other hand, lack of awareness about the individual house owners about the installation is comparatively low across the globe. Additionally, lack of strict regulation towards the stringent enforcement of the fire safety norms in individual house units are some of the major factors hampering overall growth of this market in the foreseeable future.

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Increasing Miniaturization in the Semiconductor Industry to Fuel the Global Industrial Radiography Equipment Market

According to a new market research report published by Transparency Market Research titled ‘Industrial Radiography Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027,’ the global industrial radiography equipment market was valued at US$ 574.8 Mn in 2018 and is expected to expand at a CAGR of 6.75% from 2019 to 2027, to reach value of US$ 1,032.7 Mn by the end of the forecast period.

Growing popularity of industrial radiography across the globe to fuel the market

Industrial radiography is increasingly being used in various sectors, such as aerospace & defense, semiconductor, and oil & gas, in order to ensure the structural integrity of products and identify faults, if any, in the manufacturing of components. This is projected to augment the demand for industrial radiographs across the globe. This, in turn, is likely to fuel the industrial radiography equipment market during the forecast period.

Increasing miniaturization in the semiconductor industry to fuel the global industrial radiography equipment market

Over the last few years, the semiconductor industry has been flourishing across the globe, especially in developing economies such as China and India. There have been several technological advancements in the field of semiconductors as the size of electronic components continues to shrink and the demand for high-performance products with increased efficiency in terms of power consumption is increasing. The shrinking size of components makes it difficult to conduct quality tests on components such as printed circuit boards (PCBs), wafers, plug contacts, and wiring.

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With the help of industrial radiography, it is possible to carry out nondestructive analysis of electronic components such as surface-mount devices (SMDs) and column grid arrays; to identify solder bumps in ICs; and to study the thickness of materials coated on PCBs. Industrial radiography is increasingly being used in the semiconductor sector by key players engaged in the manufacture of electronic components in order to ensure high quality and efficient performance.

Digital radiography segment to expand at a rapid pace throughout the forecast period

Based on imaging technique, the global industrial radiography equipment market has been divided into film-based radiography and digital radiography. Furthermore, the digital radiography segment has been sub-segmented into direct radiography, computed radiography, and computed tomography. Owing to high quality of images generated with the help of digital radiography, the digital radiography segment is expected to expand at a rapid pace during the forecast period. High quality of images makes it possible to better analyze the quality of components under consideration.

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IoT and AI to Dominate the Intelligent Electronic Devices Market

According to a new market research report, published by Transparency Market Research the global intelligent electronic devices market is expected to reach value of US$ 19.31 Bn by 2026, expanding at a CAGR of 6.2% from 2018 to 2026. According to the report, the market is likely to continue to be influenced by a range of macroeconomic and market-specific factors in the next few years. In terms of demand, Asia Pacific is projected to lead the global market during the forecast period. The market in the region is likely to expand at a CAGR of 7.7% from 2018 to 2026. China, India, and Japan are expected to be major contributors to the intelligent electronic devices market in Asia Pacific during the forecast period.   

Focus on Reducing T&D Losses 

An intelligent electronic device (IED) is a device that is added to an industrial control system to enable advanced power automation. Constantly rising efforts to reduce T&D losses and high use of IEDs such as control circuit breakers, capacitor bank switches, and voltage regulators for the purpose of power fault detection in multiple industrial processes are expected to drive the global intelligent electronic devices market in the near future. Additionally, rising need for substation automation solutions in the solar industry and increasing demand for retrofitting of conventional substations are likely to impact the market in the next few years.

The factor is also expected to create lucrative opportunities for manufacturers of intelligent electronic devices in the next few years. Moreover, intelligent electronic devices has become an important topic for scientists to research in. Furthermore, rising deployment of smart grids and favorable initiatives taken by government bodies are expected to propel the demand for intelligent electronic devices in the next few years.

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The global intelligent electronic devices market has been broadly segmented in terms of type, application, end-use industry, and geography. Based on type, the market has been segregated into digital relay, voltage regulator, protection relay, circuit breaker controller, load tap changer controller, recloser controller, capacitor bank switch, and others. Among types, the digital relay segment accounted for a major market share of more than 30.0%, in terms of revenue, in 2017. The segment is anticipated to expand at a CAGR of 6.5% during the forecast period.

In order to fulfill the global demand, various manufacturers of intelligent electronic devices are currently focusing on research and development activities on a regular basis in order to invent advanced applications of these devices. With growing urbanization and industrialization, the need for distribution systems that can function in harsh environments and occupy less space has been rising. IEDs such as PLCs, smart meters, and digital relays are optimal for use in substations, which creates significant potential for the growth of the global intelligent electronic devices market. In addition, rising urbanization is augmenting the demand for intelligent electronic devices suitable for use in harsh environments. This is likely to boost the demand for IEDs such as PLCs, load tap controllers, and digital relays in the next few years.

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IoT to Change the Future of Smart Antenna Market

The global smart antenna market was valued at US$ 4,909.4 Mn in 2017 and is anticipated to register a stable CAGR of 8.4% during the forecast period 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled “Smart Antenna Market– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.” Increasing application of smart antennas in smartphones and growing demand for smart antennas in wireless communication has increased the penetration and growth of the smart antenna market globally. The market in North America is expanding at a significant CAGR of 8.8% on the backdrop of numerous technological innovations in communication technology.

Increasing Popularity of Smartphones to Drive Growth of the Smart Antenna Market

Growing popularity of smartphones is ultimately resulting in high demand for smart antennas worldwide. Smartphones have become a viable alternative to laptops and personal digital assistants (PDAs), offering features such as SMS and voice messages coupled with multimedia functionality, internet applications, inbuilt GPS capabilities, and high data processing capabilities.

Huge investments and advancements in technology are boosting the demand for smartphones globally. The growing requirement of quick data transmission and high speed of downloading and web browsing will continue to create heightened demand for smart antennas.

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By technology, the smart antenna market has been segmented into SIMO (Single Input Multiple Output), MIMO (Multiple Input Multiple Output), and MISO (Multiple Input Single Output). Due to its higher spectral efficiency and link reliability or diversity, MIMO has evolved to become an important part of modern wireless communication standards such as HSPA+ (3G), Long Term Evolution (4G), WiMax (4G), and IEEE 802.11n (WiFi). MIMO held the largest share of the market in 2017.

By type, the smart antenna market is classified as switched multibeam antenna and adaptive array antenna. In 2014, adaptive array antenna was the largest contributor to the market. Dominance of the market by adaptive array antennas is expected to continue during the forecast period. However, the switched multibeam antenna segment is expected to expand significantly during the forecast period. Switched beam antenna systems offer significant increase in capacity and coverage as compared to conventional antenna based systems.

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Edutainment Market | Development of An Educational Game Based on IoT

According to a new market report published by Transparency Market Research the global edutainment market is estimated to reach US$ 10,120.2 Mn by the end of the forecast period 2027. According to the report, North America was the largest contributor in terms of revenue to the edutainment market in 2017. This is primarily due to strong technological advancement and considerable application of edutainment in banks and financial institutions across the region.

The Development of Knowledge through the Content of Games is driving the Edutainment market

Gaming is the most adopted method for education; it helps promote learning among children. Most pre-school and kindergarten providers have realized that open-ended play in the right environment helps children develop and learn emotionally, cognitively, socially, and physically. This is a major factor that is expected to boost the edutainment market during the forecast period. Innovation in games, need for physical activity in today’s lifestyle, and substantially increasing investment by established players are some of the major factors fuelling the growth of the edutainment market. In recent years, edutainment centers introduced changes in edutainment games offered by them due to the advent of “triple revolution” of social media, Internet, and mobile devices, and this has led to serious competition.

Edutainment Market: Scope of the Report 

The global market for edutainment is segmented on the basis of facility size, gaming type, visitor demographics, revenue source, and geographic regions. Based on facility size, the market has been segmented into 5,001 to 10,000 sq. ft., 10,001 to 20,000 sq. ft., 20,001 to 40,000 sq. ft. and > 40,000 sq. ft. 5,001 to 10,000 sq. ft., facility size accounts for the largest share in terms of revenue in the global edutainment market.

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Based on revenue source, the market has been segmented into entry fees & tickets, food & beverages, merchandising, advertising, and others. On the basis of visitor demographics, the market has been bifurcated into children (0-12 years), teenager (13-18 years), young adult (19-25 years), and adult (25+ years). In terms of gaming type, the market has been bifurcated into interactive, non-interactive, explorative, and hybrid combination games. Explorative gaming type segment is expected to expand at the highest CAGR globally during the forecast period.

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Aluminum Foil Packaging Market Study Landscape & Industry Innovations Encountered Huge Growth by 2025

According to the report, the global aluminum foil packaging market will exhibit a 4.8% CAGR from 2017 to 2025, rising from a valuation of US$20.8 bn in 2016 to a revenue opportunity of US$31.5 bn by 2025.

The global market for aluminum foil packaging features an extremely fragmented vendor landscape, with the leading 12 companies collectively holding only around 10.1% of the overall market in 2017, observes Transparency Market Research in a recent report. Alongside internal struggles in the way of attaining a larger hold of the market, external challenges such as easy availability of substitute packaging options continue to make the aluminum foil packaging continues to be intensely competitive. Focus on improved and more proliferative marketing strategies, expansion across emerging economies that are witnessing a vast rise in the number of modern retail outlets such as supermarkets and hypermarkets, and strategic collaborations with smaller players with well-developed distribution channels could help companies gain traction.

Some of the leading companies in the market are Ess Dee Aluminium Ltd, United Company RUSAL Plc., Amcor Limited, China Hongqiao Group Limited, Eurofoil, Hulamin Ltd, Pactic LLC, and Hindalco Indistries Ltd.

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Based on thickness, the segment of 0.09 mm to 0.2 mm serves the dominant share of demand and is likely to expand at the most prominent CAGR over the forecast period as well. In terms of type, the segment of unprinted foil serves a notably larger share of demand as compared to the segment of printed foils. Geographically, the market in Asia Pacific is presently the most lucrative regional market and is likely to remain so over the forecast period as well. The key factors driving the Asia Pacific aluminum foil packaging market include the high population, a thriving food and beverages industry, and increased uptake of packaged foods and beverages across emerging economies.

Increased Demand for Packaged Foods to Drive Market

The increased demand for convenience packaging and the steadily rising demand for packaging products capable of extending the shelf life of packaged foods globally are some of the most crucial factors driving the global aluminum foil packaging market. The high use of aluminum foils in flexible packaging solutions is also a key factor driving its demand. Moreover, high barrier properties, light weight, and recyclable nature also increase improve the suitability of aluminum foil, making it application for a vast set of application areas. Over the next few years, the market is likely to gain notable traction owing to rising demand from the sectors of processed foods and ready-to-eat meals.

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Eco Friendly Bottles Market Likely to Experience a Tremendous Growth in Near Future 2022

The global eco friendly bottles market has risen at a rapid pace in recent years in response to the growing support to environmental causes from governments and the masses alike. The eco friendly bottles market has been driven by the eagerness of key competitors to cash in on the growing support to environmentalism, which has led to consistent innovation, as well as steady government support. The steady prevalence of these drivers is likely to enable rapid growth of the eco friendly bottles market in the coming years.

According to Transparency Market Research, the global eco friendly bottles market was valued at US$2.5 bn in 2017 and is likely to rise to US$3.7 bn by 2022, exhibiting a strong 8.1% CAGR therein.

Polylactic Acid to Remain Dominant Material 

The global eco friendly bottles market employs a number of materials in order to produce high-quality eco friendly bottles. Currently, polylactic acid is the dominant material segment of the global eco friendly bottles market and is likely to dominate the market’s proceedings in the coming years due to its widespread usage. Polylactic acid accounted for 35.3% of the global eco friendly bottles market in 2017 with a valuation of US$902.3 mn. The segment is expected to rise to US$1,322.8 mn by 2022 at a strong CAGR of 8%. The mechanical properties of polylactic acid make it favorable for use in the production of bottles, which is likely to ensure steady growth of the segment in the global eco friendly bottles market in the coming years.

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North America to Dominate Eco Friendly Bottles Market due to Increasing Mass Participation

The leading regional contributor to the global eco friendly bottles market is North America, which is likely to retain its dominance through the forecast period thanks to the widespread distribution of environment-friendly infrastructure in the developed region and the steady government support for expansion of the same. The eco friendly bottles market in North America was valued at US$617.2 mn in 2017 and is expected to rise to US$1,123.4 mn by 2022, exhibiting a solid 12.7% CAGR from 2017 to 2022.

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