Tuesday, 16 April 2019

Safety Programmable Logic Controller Market – Internet of Things to Change the Competitive Environment

A safety programmable logic controller is a dedicated controller specially built to meet certain safety requirements such as the ISO 13849-1, IEC 62061 and IEC 61508 functional safety directives that define the Safety Integrity Level or the risk reduction level enabled by a particular safety function. There are several important differences at the hardware level between the physical programmable logic controller and the safety logic controller. The main difference between the two is the presence of self-checking and redundancy mechanisms in the safety programmable logic controllers that are not found in the standard programmable logic controller.

Another key difference is in the input and output stage. In the case of the former, a safety programmable logic controller continuously keeps track of the input status to identify and malfunctions or failures that could indicate a problem in the machine itself or sometime in the future. In the latter case, there is additional safety circuitry between a connected device and the output meant to limit the damage to the external device in the event of any fault of malfunction.

So how can it be decided if an organisation needs a regular programmable logic controller or a safety programmable logic controller? Typically, the machine safety requirements are understood in one of two ways; by the safety regulations governing machines in the country where it is going to be used or on the basis of the machine type designed. For e.g.- there are substantial machine safety requirement differences between the U.S. and the E.U. or between the E.U. and China. Even machines deployed in the food and beverage industry, a stamping press controller, or an oil refinery controller have different safety requirements that must be taken into account.


The four main categories available in the safety programmable logic controller market are –
  • Category 1 – Lowest category safety circuit. Single channel relay to safety
  • Category 2 – Two channel safety circuit. The first channel is hardwired to an e-stop chain while the second channel can be either the PLC monitoring on safety switch auxiliary contact or another hardwire
  • Category 3 – Two hardwired channels in a safety circuit. Those drives that have a ‘safe off’ feature are included in this category
  • Category 4 – Two hardwired channels for a safety circuit with a safety relay that is self-monitoring. Category 4 is the toughest category and is the most popular in the automobile industry.
Safety Programmable Logic Controller Market: Advantages and disadvantages of safety programmable logic controllers


The main advantages of a safety programmable logic controller are –
  • Major savings in the field wiring, particularly in safety categories 3 and 4
  • Highly flexible and scalable
  • Remote I/O capability with an added element of safety
  • Standard and safety controls in one unit
  • Adequate diagnostic capability
  • Perfect for many e-stop zone applications
There few disadvantages of safety programmable logic controller are –
  • Higher upfront cost
  • Requires a certain degree of programming
  • Slightly complex for some applications
  • Requires maintenance experts with specialized skills

Ten-Year Forecast of Disruptive Technologies in Silo Bags Market to 2026

According to TMR’s report, the global silo bags market is expected to witness robust growth. The market is projected to register 6.5% CAGR during the forecast period 2017-2026. It is also projected to bring in US$ 693.2 million revenue by the end of 2026.
 
In regards to application, silo bags are expected to be largely used for grain storage during the forecast period 2017-2026. Geographically, North America is expected to remain dominant in the global silo bags market during the forecast period 2017-2026.

Rising Demand for Cost Efficient Storage of Grains to Augment Product Demand

The global silo bags market is witnessing growth due to the growth in awareness regarding wastage of grains at the time of cultivation. The pressure on the production of agricultural crops is increasing owing to the rising population. Hence, the demand for silo bags is also growing as they can protect grain for a long time and help in meeting the ever-increasing demand for grains.

The need for a cost-efficient solution for storage of grains and animal fodder has led to extensive preference for silo bags among farmers in the U.S. and Canada. The North America silo bags market is expected to witness healthy growth rate owing to small farmers demanding silo bags for short-term and affordable packaging and storage purposes.


Rising demand for convenience packaging among new generation farmers has compelled the manufacturers of silo bags to innovate in terms of optimum space requirements, storage efficiency, high performance and flexible plastic sheets.

Stringent Environmental Regulations May Hamper Market Growth

Stringent guidelines issued by regulating authorities concerning food and environment have consequential implications on the silo bags market in North America. Stringent FDA regulations regarding the use of harmful chemical substances, and also various regulations for specific thickness, length and breadth for manufacturing of silo bags has led to market preference for alternative environment friendly products.

Rapid Growth in E-Commerce Sector Fuel Demand for Automated Parcel Delivery Terminals

Globalization along with improved technology has boosted e-commerce sector phenomenally. Nowadays, online ordering and there is also a rise seen in cross-border delivery, which has augmented demand for automated parcel delivery terminals. Moreover, developing advanced distribution channel and the presence of swift modes of delivery have further boosted growth in the global automated parcel delivery terminals market. 


Seeing growth in the e-commerce sector and advantages of using automated parcel delivery terminals, governments across the globe have started installing these terminals. Availability of these terminals has simplified the difficulty that was faced while fetching parcels. According to a market research company, the global automated parcel delivery terminals market is expected to rise at a staggering 12.3% CAGR between 2017 and 2025. Over this tenure, the market is expected to reach a valuation of US$1.03 bn by the end of 2025. 

Another significant contribution is made by players operating in the global automated parcel delivery terminals market. Players such as ByBox Holdings Ltd., TZ Ltd., Bell and Howell, LLC., ENGY Company, Neopost group, and Winnsen Industry Co., Ltd. are making sincere efforts in using advanced technologies to enhance services of automated parcel delivery terminals. Moreover, the entry of new players in the market is also expected to diversify the market at a great extent. Therefore, this market is seems fragmented due to the presence of a large number of old and new players operating in the global automated parcel delivery terminals market.

Cross-Border Delivery to Flourish Growth for Automated Parcel Delivery Terminals

A significant rise in the use of internet and advanced technologies has resulted in the growth of online sales. This is a crucial factor augmenting growth in the global automated parcel delivery terminals market. Advancements taking place in distribution channels and the presence of swift delivery modes have contributed to growing this market. In addition, rising cross border parcel system on a regular basis is also a primary factor driving growth in the global automated parcel delivery terminals market.

Rising Standards Of Living Surge Demand in Global Air Conditioning Systems Market

Globally, the living standard of the people has increased largely due to rapid economic development has increased demand for air conditioners. Air conditioning systems have gained huge popularity in the last couple of years. Moreover, the popularity of inverter air and smart thermostats conditioners has also grown thus, driving overall demand in the global air conditioning market. Its application is seen in the industrial, residential, and commercial sector. As the demand for air conditioning systems has increased at a large scale, various manufacturers are focusing on improving the efficiency of these systems by following energy conservation norms. 

A market research company stated that the global air conditioning systems would rise at a steady 5.1% CAGR between 2016 and 2024. Over this tenure, the market will attain a valuation of US$167 bn by the end of 2024. These figures denote to the growing environmental consciousness that forced players to develop energy efficient systems. 

Adding to it, rising pressure from the government to create more energy efficient air conditioners has also encouraged players to taken conscious efforts in developing these types of systems. In fact, few players in developing regions are also managing their profits by lowering the prices of air conditioning systems. However, this diminishes their profit margins, as they are forced to manage prices as per customers’ capabilities. 


Eco-Friendly Air Conditioning System Strengthened the Position of North America 

Players manufacturing air conditioning systems are now focusing on using new and advanced strategies to develop eco-friendly air conditioning systems; this will further expand growth in the global air conditioning systems market. Moreover, changing government policies that favor environment-friendly systems has also pressurized these to develop better and advanced environment safe air conditioning systems. In addition, players are also using advanced air purifying technologies that have further augmented growth in the global air conditioning systems market. On the other hand, rapid economic development and increasing living standards have boosted demand for air conditioning systems in Asia Pacific as well.

Growing Urbanization Propels the Agricultural Tractors Market

The agricultural tractors market is serving a key demand in the increasing urbanized world. Growing urbanization is leading to labor shortages, land pollution, and land shortages in rural areas as well. Growing population and rising disposable in regions such as Asia Pacific is expected to fuel growth of the agricultural tractors market. 

Tractor is a key equipment to fill the gap between rising demand and limited supply of land. This equipment is widely used in large-scale commercial agricultural applications. Additionally, many agricultural applications such as irrigation, cultivation, seed sowing, and harvesting depend heavily on the use tractors. 

Main players in the agricultural tractors market also cater to other sectors such as construction, which is growing in emerging nations as well. Developments in the mature markets such as construction of a border wall and expected large investments in outdated infrastructure in countries like the US are expected to create lucrative opportunities in the agricultural tractors market. 

Automation a Driving Factor for the Agricultural Tractors Market 

Agricultural work requires the use of heavy manual labor without the integration of labor technologies. In regions like Europe and North America, labor costs are significantly high which challenge growth of large-scale agriculture. Additionally, increasing urbanization provides ample opportunities for people in rural areas to leave the traditional profession for more lucrative opportunities in cities. These factors have conventionally led the demand for the growth of the agricultural tractors market. 


Automation promises to take this opportunity further. Automation frees large-scale agriculture sector from relying on human efforts to a considerable extent. Additionally, it also promises to make agricultural operations more efficient and productive with the help of Internet of Things (IoT) technology. Additionally, companies in the agriculture sector are already deploying technologies like drone to monitor everyday operations, which goes hand-in-hand with automation. However, large initial investments in automation and IoT technology are expected to pose a challenge to the growth of the agricultural tractors market.

Thursday, 11 April 2019

Luxury Furniture Market – Urbanization and Improving Disposable Incomes Stir Market Growth

The global luxury furniture market is expected to grow notably in the upcoming years. The key players in the market are rapidly working on establishing the manufacturing units in the developing economies owing to the low initial costs and investments. Aggressive marketing techniques are being used in the entire market by most of the leading players, to create a lasting impression among the consumers. Some of the major players operating in the global market are Nella Vetrina, Muebles Pico, Laura Ashley Folding PLC, Henredon Furniture Industries Inc., Scavolini S.p.A., Giovanni Visentin srl, Turri S.r.l, Iola Furniture Ltd, and Heritage Home Group LLC.

According to a recent report by Transparency Market Research (TMR), the global luxury furniture market is estimated to expand at a steady CAGR of 5.2%, during the forecast period from 2017 to 2022. The market is prognosticated to reach around worth of US$29,496.7 mn by the end of 2022, from US$22,937.6 mn back in 2017.

On the basis of material types utilized in making of furniture the market is led by wooden luxury furniture segment, with highest revenue in forthcoming years. This is attributed to the monetary value, durability of the material, and aesthetic value in the global luxury furniture market. Regionally, Asia Pacific is providing a huge scope for players in future. Particularly, China is expected to be one of the key revenue generating nation owing to rise in urbanization and increase in disposable income of the people.


Easy Online Payment to Surge Development in Market

The pattern of safely online bill payment and e-shopping through net-banking is estimated to help the development of the market. In addition, with simple EMI alternatives and rise in number of middle class people are also ready to afford the cost of luxury furniture. Moreover, rise in disposable income of the entire population is as well supporting the development of the luxury furniture market all over the globe. This is on the grounds that a rise in income has prompted people to shift from standard furniture to luxury furniture products. The growing tendency of buying luxury things as a sign of value of space and status symbol are among the key factors surging the demand for luxury furniture in the market.

Fake Luxury Furniture Material to Hamper Market Growth

One of the difficulties hampering the development of the global luxury furniture market is the developing awareness among the buyers with respect to the negative effect on the nature on utilizing wooden furniture. As wood is a noteworthy income procuring material, it might influence the development of the market in the years to come. The developing accessibility of fake luxury material furniture which are valued at a much lower rate and worked with low quality materials is debilitating the development of the luxury furniture market. Nevertheless, the surging in real estate and construction sectors is foreseen to boost the development of the luxury furniture market.

Organic Personal Care Market is Growing Big With Beauty Industry | Review by TMR

The global organic personal care market is highly competitive, observes Transparency Market Research. Presence of several players and consistent influx of local vendors has made the competition extremely stiff. Though this means rapid growth rate for the global organic personal care market, it also translates to companies investing more in better branding and marketing strategies to improve the presence of their products. In the coming years players are expected to cater to the demands of varying regional consumers keeping in mind factors such as weather conditions and dietary habits that affect skin and hair. Some of the leading players operating in the global organic personal care market are Amway, The Body Shop, Loreal SA, Natura Cosmeticos SA, and Estee Lauder.

According to the research report, the global organic personal care market is expected to be worth US$18.7 bn by the end of 2022 from US$10.9 bn in 2017. During the forecast years of 2017 and 2022, the global market is projected to surge at a CAGR of 11.3%. Out of the various products available in the global market, the demand for hair care products is expected to remain the highest in the coming years. By the end of the forecast period, the hair care segment is projected to be worth US$5.7 bn. Geographically, the global organic personal care market is likely to be dominated by North America as it paces to reaches an estimated valuation of US$5.8 bn by the end of 2022.

Awareness about Benefits of Organic Personal Care Products to Spike Demand

The global organic personal care market is expected to witness a definite surge in the coming years as disposable incomes continue to be on the rise. The change in the use of products for personal grooming and increasing awareness about the aesthetics are significantly fueling the growth of the overall market.


In the coming years, the market is also likely to be driven by growing concerns pertaining the usage of chemicals in cosmetics and other personal care products. Thus, the wave of living a chemical-free life is likely to stoke the demand for organic personal care products in the near future.

Entry of several brands that have been promoting natural and organic personal care products for hair, skin, nails, and overall wellbeing have caught the attention of many youngsters with disposable income and awareness. Additionally, there has been a growing realization about the benefits of using organic personal care products. Both of these factors have been identified as key drivers for the global market. Improving distribution channels and rise of e-commerce has also augmented the global market to a new level. Ability to shop for these products online has significantly improved the profit margins for the various companies.

Collagen Market-By Source (Pig, Poultry, Cow, and Marine), By Product (Natural, Hydrolyzed and Gelatin), By Application (Cosmetics, Healthcare, Food and Beverage), and By Region-Forecast 2022-2031

SDKI Inc. published a new report on the collagen market on January 25, 2022.  This study includes the statistical and analytical approaches ...