Vacuum Packaging Market to Witness Impressive Global Growth in Production-Consumption Ratio through 2024

According to the report of Transparency Market Research, the global vacuum packaging market has highly consolidated vendor landscape. Some of the companies operating in the vacuum packaging market are Sealed Air Corporation, Amcor Limited, Mondi Group, Bemis Company, Inc., Berry Global, Inc., and Wipak Group. These players collectively accounting for higher share in the global vacuum packaging market. These companies are increasingly opting for business strategies like acquisitions and mergers which is leading to further consolidation of market. However, high number of new entrants in market, can lead to fragment the competitive landscape of market.

TMR predicts, the global vacuum packaging market was valued at US$15.0 bn in 2015, and is predicted to attain valuation of US$22.8 bn over the forecast period from 2016 to 2024 by rising at a CAGR of 4.9% over the forecast period. Based on material type, the polyethylene (PE) segment is dominating the global market for vacuum packaging market. This segment accounted for 38% of total market share in 2016 and expected to remain dominant over the forecast period by expanding with 4.6% of the CAGR over the forecast period from 2014 to 2024.

Growing Uptake of Vacuum Packaging in Numerous End Use Industries to Propel Growth

Increasing consumption of packaged and processed food coupled with growing awareness toward the hygiene and food safety is fuelling growth of the market. Additionally, rising disposable income coupled with willingness to spend for processed and hygienic food are supporting growth of the market for vacuum packaging.

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Additionally, the factors such as growing demand for vacuum packaging from food and beverage industry owing to its advancements and advantages in packaging. These packaging systems are able to preserve the food for long time owing to its proper grip. These factors are fuelling growth of the vacuum packaging market. Additionally, demand for vacuum packaging is growing from the pharmaceutical industries is another factor influencing growth of the global vacuum packaging market.

Growing Innovation and Product Advancement to Offer Opportunities

Despite these factors, high cost of vacuum packaging limiting growth of the vacuum packaging market. Nonetheless, many market vendors are focusing on the product improvement for making an offer of innovative solutions on effective packing. The advancements in the products are solely aimed at catering to the functional needs of end-users, mainly in the beverages & food segment. Additionally, a large chunk of end users are increasingly designing specializing the innovative solutions are offering growth opportunities over the forecast period.

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Metal Cans and Glass Jars Market Top Key Players – Iran Ghouti, Farr Co. Ltd., and Tabriz Can Industries

The competitive landscapes of metal cans and glass jars market in India and Iran feature stark contrasts in terms of bargaining power of suppliers and consumers. The markets, however, feature essentially similar growth opportunities and threat from alternatives such as PET and paper packaging, finds a recent report by Transparency Market Research.

The market for metal cans and glass jars in India is highly consolidated, granting high bargaining power to suppliers of both finished products as well as raw materials, and presenting intense entry barriers for new ventures. The glass jars market witnessed small- and medium-sized companies account only for a 23% share in the overall market in 2015. The top four vendors in the market, including HNGIL, Haldyn Glass, Piramal Glass, and HSIL collectively accounted for the lion’s share with 75%, of the overall market in the same year. In the metal cans market too, the top companies Hindustan Tin Works Ltd., Rexam PLC, and Kaira Can Company Ltd., collectively held a dominant 50% share in the overall market in 2015.

On the other hand, both the metal cans and glass jars markets in Iran are characterized by moderate to high levels of fragmentation. The moderately fragmented market for metal cans in the country saw the top three companies, Iran Ghouti, Farr Co. Ltd., and Tabriz Can Industries, collectively account for a more than 40% share in the overall market 2015. Other manufacturers accounted for a dominant 60% share in the market in the same year.

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The glass jars market demonstrated stark fragmentation in the same year with small- and medium-sized companies accounting for around 90% shares in the overall market. The Iran market for metal cans and glass jars thus features strong competition, low margins, low bargaining power for suppliers, and the threat of international competitor ventures. The market features low entry barriers and consolidations through mergers and acquisitions may fare well for companies aspiring to create economies of scale.

Innovative Product Designs and Efforts to Educate Consumers about Benefits of Metal and Glass Packaging Will Benefit Market

Innovation is key to success in the metal cans industry. Companies in India and Iran are investing extensively on the development of products with features such as easy-open lids, which do not require the use of can openers, self-heating cans made from self-heating steel, and EZO cans that can be conveniently used by all age groups owing to their innovative packaging. These product varieties have gained favorable reviews from consumers, leading to considerable improvement in brand value for clients.

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Warehouse Robotics Market Growing Demand from Emerging Markets 2019

The global warehouse robotics market is fragmented and highly competitive due to the presence of many market players, elucidates an upcoming Transparency Market Research (TMR) report. Several players are concentrating on expanding their foothold through mergers and acquisitions, partnerships, and collaborations. They are heavily spending on research and development to introduce innovative warehouse robotics solutions. Many new companies and startups are entering the competitive warehouse robotics market. A few of the prominent players in the global warehouse robotics market include Amazon Robotics LLC, Fetch Robotics, Inc., Wynright Corporation, SSI SCHAEFER, and YASKAWA.

Rising number of SME’s in the industrial sector need robotic solutions to keep pace in the digital world. Hence, the global warehouse robotics market is expected to witness a boost during the forecast period. The global warehouse robotics market is likely to grow at a CAGR of 12.0% from 2019 to 2027. Additionally, the global warehouse robotics market is projected to reach an estimated value of US$9,579.3mn during the forecast period.

In terms of geography, the Asia Pacific region dominates the global warehouse robotics market last year.  It is expected to be monopolized by the Asia Pacific region in the coming years as well. The growth can be attributed to increasing deployment of robotic solutions. On the basis of segmentation, the global warehouse robotics market is divided into food and beverages, e-commerce, chemical, automotive, plastics, and rubber, in terms of end users. Of these, the global warehouse robotics market is projected to be ruled by the e-commerce sector.

 

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Large scale industries deploy robotic solutions to perform dangerous operations instead of humans. Robotics help in tracking data related to tasks in case of human errors or any deviation from task oriented work. Additionally, humans can work only up to limited hours, however, robots can be put to operations 24/7.  During labor crunch situations such as indefinite strikes and protests by labor unions, robotics solutions come to rescue. They can easily carry out the operations at an industrial level without any loss for the industry. Such factors are expected to drive the global warehouse robotics market to a stellar growth during the forecast years.

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Mobile Cobots Market – Top Companies, Growth Factors and Detail Analysis for Business Development

According to a new market research report, published by Transparency Market Research, the mobile cobots market is expected to reach US$ 4,472.53 Mn by 2026, expanding at a CAGR of 33.4% from 2018 to 2026. According to the report, the mobile cobots 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 35.9% from 2018 to 2026. South Korea and Japan are expected to be major contributors to the mobile cobots market in Asia Pacific during the forecast period.

Inclination toward Industrial Automation

A mobile cobot (mobile collaborative robot) is an intelligent, transportable robot that can assist humans in a shared workspace. Mobile cobots are moving platforms wherein cobots are mounted on mobile robots. These are automated machines. It is an emerging technology that is capable of moving within a set environment. Apart from the manufacturing industry, mobile cobots are used for research and exploration. Currently, use of mobile robots has extended to the industrial sector. In the recent years, there has been a significant rise in the demand for industrial robots in the automotive sector.

This can be attributed to increasing customer demand for customization in their cars. Unlike industrial robots, collaborative robots are not dedicated to only a single task. Hence, manufacturers are now switching to collaborative robots. Inclination toward industrial automation is acting as a driver of the mobile cobots market. Robots have been utilized in industries for a long time. They have made the human work easier by running large industrial settings. Robots in factories have typically been large, caged devices that perform repetitive, dangerous tasks in place of humans. Moreover, rising labor costs in developing economies, mostly in material handling industries, are driving the demand for cobots. This is primarily due to economic growth of industrialized countries.

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The global mobile cobots market has been broadly segmented in terms of weight capacity, application, end-use industry, and geography. Based on weight capacity, the market has been segregated into 1 to 3 kg, 3 to 5 kg, and 5 to 10 kg. Among these, the 3 to 5 kg segment accounted for a major share of more than 50.0%, in terms of revenue, in 2017. The segment is anticipated to expand at a CAGR of 33.5% during the forecast period. In order to fulfill the global demand, various manufacturers of mobile cobots are currently focusing on research and development activities in order to invent advanced applications of mobile cobots. Cobots are gaining popularity among manufacturing companies and different industries. The primary factor boosting the global mobile cobots market is decline in costs of collaborative robots over the last few years. Upfront costs of cobots are 20% of those of traditional robots with an average payback period as short as six to eight months. Also, installation of cobots requires minimal investments and time.

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Intelligent Electronic Devices Market to Expand at a CAGR of 6.2%

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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5G Chipset Market | Worldwide Demand, Growth Potential & Opportunity Outlook 2026

According to a new market research report published by Transparency Market Research titled ‘5G Chipset Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2026,’ the global 5G chipset market is estimated to be valued at US$ 1,571.9 Mn by 2019 and is expected to expand at a CAGR of 44.01% from 2019 to 2026, to reach value of US$  20,195.8 Mn by the end of the forecast period.

Commercialization of the 5G technology across the globe to fuel the global 5G chipset market

Various telecom operators as well as chipset manufacturers are investing significantly in research and development activities for commercialization of the 5G technology. Telecom operators are collaborating with various network equipment providers as well as service providers to accelerate the commercialization of 5G. In November 2018, Huawei, a prominent network equipment company, announced to have signed 22 commercial contracts for 5G. The company is currently working with more than 50 carriers on 5G commercial trials. Furthermore, various chipmakers are introducing advanced 5G chipsets in the market in order to accelerate the adoption of 5G across the globe. For instance, in December 2018, Qualcomm, a prominent chipmaker launched its flagship Snapdragon 855 chip, which would facilitate use of the 5G technology in mobile phones.

Rising demand for high speed to propel the global 5G chipset market

Demand for high-speed Internet has been increasing globally for the last few years, especially in developing economies such as India and China. The primary factor responsible for this rise in demand is the increase in demand for on-demand video streaming. In order to satisfy this surging demand for high-speed data, smartphone makers are engaging in the development of smartphones with 5G capabilities.

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Furthermore, chipmakers are forming partnerships with phone manufacturers to provide them with 5G chipsets to be installed in their smartphones. For instance, Qualcomm, a leading chipmaker, has partnered with 19 phone makers to supply 5G chipsets to them.

Asia Pacific market to expand at a rapid pace owing to increasing number of smartphone users in the region

In terms of geography, the global 5G chipset market has been divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is estimated to be the leading region of the global market by 2019, followed by Europe. The market in Asia Pacific is projected to expand at the maximum CAGR from 2019 to 2026 owing to the rising number of smartphone users and increasing demand for high-speed Internet in the region.

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Air Quality Monitoring Equipment Market to Witness Impressive Global Growth in Production-Consumption Ratio through 2026

According to a new market report published by Transparency Market Research titled “ Air Quality Monitoring Equipment Market–Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,” the global air quality monitoring equipment market was valued at US$ 3,715.35 Mn in 2017 and is expected to expand at a CAGR of 8.41% from 2018 to 2026, reaching US$ 7,688.07 Mn by the end of the forecast period.

Dramatic rise in air pollution levels across the globe to influence the expansion of the market worldwide

The world has witnessed a dramatic rise in air pollution levels due to increased industrial activity, excessive use of fossil fuels, and meteorological and seasonal factors, among a host of other factors. Air pollution levels continue to be dangerously high in many parts of the world. As stated by the World Health Organization (WHO) in May 2018, 9 out of 10 people breathe air containing high level of pollutants and a million people die due to diseases including stroke, heart disease, lung cancer, chronic obstructive pulmonary diseases, and respiratory infections, including pneumonia caused due to high levels of air pollution.

Prompt efforts by governments across regions to curb pollution to propel the global air quality monitoring equipment market

In order to keep the air pollutant quality in check, governments across different regions are imposing strict regulations and guidelines pertaining to emission levels from industries as well as vehicles. For instance, in July 2018, the Maharashtra Pollution Control Board (MPCB) in India, conducted daily tests in various cities for long term assessment of air pollutant levels by measuring the quantity and type of air pollutants in the surrounding outdoor air. Furthermore, governments conduct tests at various locations and impose restrictions in order to ensure that the air pollutants do not exceed the prescribed limits.

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Asia Pacific market to be the fastest growing due to the increasing levels of air pollutants in the region

In terms of geography, the market has been divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. In 2017, Europe was the topmost revenue generating region followed by North America. The market in Asia Pacific is expected to expand at the highest CAGR from 2018 to 2026 due to growing concerns pertaining to the ill effects on health due to the spike in air pollution in the region. According to the World Health Organization (WHO), more than 90% of air pollution related deaths take place every year in low-middle income countries such as India and China. China is regarded as the world’s largest emitter of greenhouse gases and has many of the world’s most polluted cities.

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