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. 

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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.

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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. 

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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.

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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.

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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.

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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.

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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.

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Fluid Coupling Market is driven by Growing Demand for Natural Resources

According to a new market report published by Transparency Market Research titled ‘Fluid Coupling Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026, the global fluid coupling market is expected to reach US$ 1,273.3 Mn by 2026, expanding at a CAGR of 4.2% from 2018 to 2026. In terms of volume, the market is expected to reach 435 thousand units, expanding at a CAGR of 2.9% from 2018 to 2026. Asia Pacific held a prominent share in the global fluid coupling market in2017.

The oil & gas industry is a major consumer of fluid couplings across the world. According to OPEC (Organization of the Petroleum Exporting Countries), the global demand for oil stood at 92.0 mb/day (million barrels per day) in 2014 which has increased at a CAGR of 1.8% to reach 97.0 mb/ day.

In the Asia Pacific region, oil demand from China is increasing at a healthy rate due to increasing demand from the transportation and petrochemical sector. In China and India, rising sale of automobiles is increasing the demand for gasoline, which is subsequently increasing the demand for oil. In India, there is increasing demand for oil from agricultural, residential, industrial, and transportation sectors. All these factors are increasing the demand for oil & gas in India, China, and other Asia Pacific countries. Fluid couplings are extensively used in oil & gas industry. Thus, increasing demand for oil & gas is driving the demand for fluid couplings.

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Global demand for cement production is expected to be a major opportunity for the global fluid coupling market. Among the regions, the most significant growth in the cement industry is expected from the Asia Pacific region. In Asia Pacific, China and India are the largest producers of cement. The Government of India intends to increase the investment in infrastructure which is expected to increase the demand for cement up to 45 million tons (MT) in the next three to four years. Overall, India’s cement demand is expected to increase to approximately 550-600 million tons per annum (MTPA) by 2025. This is expected to present a good opportunity for the growth of fluid coupling in the cement sector.

In certain applications, VFDs (Variable Frequency Drive) act as a substitute for fluid couplings. VFD can replace a fluid coupling in certain applications such as electrical motors. Also, the cost and time associated in designing and manufacturing fluid couplings are more than VFDs. A VFD can control the amount of current that flows into an electric motor which is not possible in fluid coupling. This removes unwanted spikes in current flow, better manages overload, and by-passes extra current flow in the motor. Thus, a VFD acts a substitute of fluid couplings in certain applications.

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Industrial Gas Regulator Market – Growing Applications of Natural-gas-fuel-based Equipment Boosting the Demand

As per the latest comprehensive and insightful research report released by Transparency Market Research, the United States industrial gas regulator market is highly fragmented. However, there are a few well-established brand names such as The Linde Group, Honeywell, and Air LIquide S.A. that are making their presence felt in the U.S. industrial gas regulator market. These players enjoy a significant market share owing to their forward and backward integration in the ecosystem by providing integrated and turnkey solutions across various industries.

Moreover, these players have deeply penetrated the United States industrial gas regulator market by introducing innovative and technologically advanced products in the market, such as hybrid single-stage regulators for reduced complexity in industries to control the flow of gas. Others companies, such as Air Products and Chemicals Inc., Itron, Inc., and Praxair Technology, Inc. are the emerging players in the United States industrial gas regulator market and have positioned themselves well in the market.

As per the available projections given in this research report, the U.S. industrial gas regulator market was valued at US$ 2,468.4 Mn in 2017 and is slated to reach a valuation of US$ 3,030.5 Mn in 2024, reflecting a CAGR of 2.9% during the assessment period 2017-2024.

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A growing demand for innovative products that offer improved performance and reliability and reduce environmental impact are driving the demand for new technologies and contributing to the growth of the United States industrial gas regulator market.

Improvements in gas regulator technologies are anticipated to set new standards in performance of the industrial gas regulators by replacing the diaphragm used in the ordinary regulators with pistons in order to enable them to operate at an increased frequency, and also offer reliability and improved pressure stability, and these developments are driving the industrial gas regulator market in the United States.

For example, Linde Group launched a hybrid premium regulators named Smoothflo. Such kind of regulators provide multi-stage performance and constant gas flow without any adjustments and provide enhanced safety as well. The impact of technologically advanced gas regulators on the industrial gas regulator market in the United States is expected to be high, as industries demand advanced technology products for better performance, enhanced safety and reduced redundancy of work.

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Autonomous and Semi-autonomous Tractors Market | Ground-breaking Innovation for the Agriculture Sector

Transparency Market Research has published a new report titled, “Autonomous & Semi-autonomous Tractors Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026”. According to the report, the global autonomous & semi-autonomous tractors market is anticipated to surpass US$ 9 Bn by 2026, expanding at a CAGR of more than 25% during the forecast period.

Market for autonomous and semi-autonomous tractor is likely to expand significantly during the forecast period, owing to the high rate of adoption of technology among farmers in order to boost the production of their farms. Specifically, the driverless tractors market is expected to expand in developed regions such as North America and Europe; however, the rate of adoption of driver-assisted tractors, which comprise steering-assist and land monitoring systems, is expected to rise remarkably in developing countries such as India, China, and Brazil.

Rising population is boosting the demand for agricultural products; however, contraction in availability of agriculture land is prompting people to adopt highly advanced technologies, which can contribute to enhanced production. In the first decade of the 21^st century, precision agriculture enhanced the production of farms remarkably in the U.S., which encouraged other countries in other regions to adopt advanced technologies in order to increase production of their farms and follow better land management techniques.

Manufacturers are likely to focus on semi-autonomous tractors in developing countries, while the market for fully driverless tractors is likely to expand rapidly in developed countries, such as the U.S., Canada, France, and the U.K. The rate of adoption of driver-assisted autonomous tractors in developing regions is anticipated to be higher than fully autonomous tractors owing to the high cost of fully autonomous tractors.

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The agriculture sector is a major contributor to the global GDP (gross domestic product), and in 2014, it accounted for one-third of the global GDP. According to the World Bank, agricultural development is a highly powerful tool, which can be utilized to beat extreme poverty. Therefore, in most regions, governments are taking required steps to boost their respective agriculture sectors and manufacturers involved in the manufacturing of agricultural equipment are continuously developing equipment that can boost the production of the sector. Therefore, such development is likely to boost the autonomous & semi-autonomous tractors market.

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