Microgrid-as-a-Service Market to Gain Highest Revenues in North America

Transparency Market Research delivers key insights on the global microgrid-as-a-service (MaaS) market. In terms of revenue, the global microgrid-as-a-service market is estimated to expand at a CAGR of ~14% during the forecast period, owing to numerous factors, regarding which, TMR offers thorough insights and forecasts in its report on the global microgrid-as-a-service market.

Microgrid-as-a-service is a cloud-based microgrid control solution that allows a third party to utilize the benefits of microgrids, without hassles related to development, operations, and upfront costs. Microgrid-as-a-service (MaaS) comprises software; design and engineering packages; and operations and maintenance support, which are all delivered from a hosted environment. Microgrid-as-a-service systems are designed for use in different sectors, including government, utilities, and industrial and commercial facilities, with advanced monitoring, control, and optimization of distributed energy at an affordable cost. The use of a microgrid-as-a-service system eliminates the hassle of maintaining on-site IT infrastructure. In addition, microgrid-as-a-service offers significant advantages such as improved scalability, dynamic monitoring, and energy efficiency.

Power grid systems have witnessed significant technological advancements over the last few years. Owing to the usage of renewable energy sources, microgrid-as-a-service offers cost-effective electricity and helps in reducing the financial losses caused by electricity outages. The demand for microgrid-as-a-service is increasing rapidly in different industrial verticals as well as remote areas.

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This is primarily due to the declining costs of distributed energy resources and significant features of microgrid-as-a-service, such as high reliability, smart grid integration, low cost, and energy efficiency. Additionally, microgrid-as-a-service facilitates autonomous working. This ensures access to electricity for consumers residing in remote locations. The above-mentioned advantages provided by microgrid-as-a-service over traditional grids are boosting the demand for microgrid-as-a-service. This, in turn, is likely to fuel the global MaaS market during the forecast period.

However, the global power industry witnesses shortage of skilled labor, which is affecting the demand for smart grid systems. According to the U.S. Department of Energy (DoE), the smart grid & electric utility industry in the country would need 105,000 new workers by 2030, but it expects that only 25,000 existing industry personnel are interested in filling those positions.

Global Microgrid-as-a-Service Market: Prominent Regions

North America is the dominant region of the global microgrid-as-a-service market. It is anticipated to continue its dominance in the global microgrid-as-a-service market throughout the forecast period. This can be attributed to increasing adoption of microgrids and high investments in microgrid infrastructure in the region. The microgrid-as-a-service market in Asia Pacific is expected to witness prominent growth in the near future, owing to the rising demand for uninterrupted and reliable power supply in the region. The microgrid-as-a-service markets in the Middle East and South America are expected to witness moderate growth in the near future.

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Key players operating in the global microgrid-as-a-service market are displaying synergies through close cooperation and collaborations in the areas of sales, marketing, and production. Manufacturers are also expanding through organic methods, such as increasing their production capacities, in order to meet the rising demand.

Global Microgrid-as-a-service Market: Key Players

Key players operating in the global microgrid-as-a-service market are Green Energy Corp., Schneider Electric, ENGIE, Spirae, LLC, Aggreko, ABB, General Electric, Eaton, Tech Mahindra, and Siemens AG

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Smart Home Market Booming Demand Leading To Exponential CAGR Growth By 2026

Smart home market promises new in-roads to players in the smart home market with rising demand for digital, and smart homes. The market remains a competitive, and vibrant landscape, with a large variety of companies making customised offering for buyers. Moreover, the barriers of high-costs to adoption are likely to go away in near future, as demand for additional digital security, entertainment systems, and lighting solution are making way for new opportunities to players in the smart home market.

According to TMR estimates, the smart home market will grow at a splendid 18.4% CAGR during 2018-2026 periods. The demand for lighting solution remains a major turn-on for end-consumers as these solutions can often be integrated without the burden of expensive technical setups. Moreover, these offer a premium convenience for buyers of controlling the ambience of their homes, offices while sitting in comfort, and gaining energy efficiency as a major bonus. Moreover, lights can also be switched on and off even remotely, which is another benefit of the lighting solutions.

Among regions, North America is expected to spearhead growth for smart homes, thanks to growing investment in technological advancement in the region, coupled with introduction of supporting mechanisms like 5G network. Asia Pacific region will likely register highest CAGR during 2018-2026, and take the smart home market to new heights, as large population of young buyers are likely to find major appeal in technological advancements.

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HVAC Control Systems Likely to Drive Major Growth

The smart home market is likely to witness major growth in near future in the HVAC systems. Despite several key advantages of lighting solutions, the sheer size, and potential of the HVAC segment is likely to overpower other segment in terms of total revenues. Moreover, countries like France, and Canada have passed roofs mandating green roofs in commercial complexes in major urban areas. The HVAC system also promise significant cost-saving potential for large commercial complexes, and the business sector is likely to happily absorb new costs as it promises maximum energy-savings in near future with use of sustainable energies like solar energy among others. The demand for smart security systems will also witness notable growth, as wireless connectivity, and increasing crime rates in non-gated communities, and urban areas prompt major security upgrades as the status for advanced security mechanisms continues to rise.

Manufacturing Industry to Remain a Major End-sector

Despite its name, the smart home market report will also cater to information from various end-industries. Among these, the manufacturing industry is likely to remain a major positive for the players in the smart home market. The major need for HVAC systems in the industry, and energy efficiency, and security needs, the industry is likely to move towards complete automation in the near future. The rising importance of automation, and solutions like centrally controlled HVAC and lighting solutions will drive growth for players in the smart home market.

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MEMS In Medical Applications Market - Key Segments, Potential Targets And Recommendations

Micro-electro-mechanical systems or MEMS are scaled down gadgets and structures made through microfabrication. These components have acquired a mechanical headway different fields yet its clinical application is generally surprising. MEMS has permitted the clinical business to expand the exactness and precision of the clinical gadgets. These gadgets are utilized to produce smaller than normal and versatile gadgets for careful, demonstrative, and observing purposes. The interest of MEMS implanted gadgets has expanded because of their high proficiency and conservative structure. MEMS in medical applications has been a developing business sector, ascribed to the ascent popular of exactness and precision of clinical gadgets. Besides, the market is driven by the expansion popular for mechanization in lab gadgets. Be that as it may, the stringent legislative guidelines control the development of the global MEMS in medical application market during the tenure of 2019 to 2027.

As per a recent report by Transparency Market Research, the global MEMS in medical application market is projected to witness a substantial growth during the forecast period of 2019 to 2027. The report provides in-depth analysis of the market and helps the readers to make better decisions. The report covers facets such as challenges, trends, drivers, and opportunities that are prevalent in the global MEMS in medical application market during the tenure of 2019 to 2027.

Global MEMS in Medical Application Market: Competitive Analysis

The worldwide MEMS in medical application market is exceptionally fragmented and to a great extent competitive. This situation is the aftereffect of the huge part of the market being caught by the rising players over the globe. In any case, because of this situation, the new players are thinking that it’s hard to enter the global MEMS in medical application market.

To defeat this situation, the new players are receiving techniques, for example, mergers, coordinated efforts, associations to beat this circumstance. These procedures permit the players to oblige fundamental assets that can assist them with accomplishing maintainability in the global MEMS in medical application market. Moreover, with these systems, the new players can have a steady future in the market.

Then again, the built up players of the MEMS in medical application market are securing new organizations so they can stay on the ball. This procedure causes the set up players to reinforce their creation limit and dispersion arrange. Inferable from these procedures, the built up players can accomplish a serious edge over the adversaries and a have a noteworthy fortress over the MEMS in medical application market.

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Global MEMS in Medical Application Market: Key Drivers

Technological Developments to Improve the Healthcare Infrastructure

Technological developments have reformed the healthcare industry by giving different social insurance arrangements precision. MEMS gadgets in medical applications are among these innovative progressions. MEMS-implanted clinical hardware are effective to quantify, analyze and treat different ailments, for example, circulatory strain, respiratory rate, internal heat level issue and others. MEMS-based clinical gadgets are scaled down and help to expand proficiency of different clinical gadgets. Likewise, ascend sought after for lab computerization for expanded productivity would likewise trigger the development of this market. Additionally, expanded subsidizing for this market is likewise expected to help the development of MEMS inserted gadgets. Owing to these developments, the global MEMS in medical applications market shall witness a substantial growth during the tenure of 2019 to 2027.

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Global MEMS in Medical Application Market: Regional Analysis

Geologically, North America comprised the biggest share for MEMS in medical application market in 2018; nonetheless, Asia-Pacific is anticipated to witness the most noteworthy development from 2019 to 2027. This development has been ascribed to increment in diabetic populace and rising dispensable earnings combined with change in way of life. What's more, financial improvement and social insurance changes would build the administration subsidizing in its serious R&D and would trigger the development of MEMS in medical application market in Asia-Pacific.

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Outdoor LED Displays Market By Manufacturing Summary, Business Profile And Estimate To 2027

Outdoor LED displays are utilized in offering improved view of various events such as exhibitions, sports events, live concerts, and many others. This factor is playing an important role in the increased adoption of LED displays in several countries across the globe for purposes like sports and advertising. This is likely to drive the global outdoor LED displays market over the years of projection.

Outdoor LED displays come with several advanced features, which are likely to escalate the demand for the product. These features are prolonged life, high-energy efficiency, and low operational price. Several LED companies offer end-to-end service to their clients such as displaying on site and installation. Furthermore, increased utilization of these platforms for fostering the promotional behaviors of several corporate brands are likely to trigger development of the global outdoor LED displays market. Video walls and advertising boards are used for such brand promotions.

Type, application, and region are displays market the three key parameters based on which the global outdoor LED displays market has been segmented for a detailed discussion. The sole purpose of such segmentation is to offer a clearer, precise, 360-degree view of the market.

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Global Outdoor LED displays market: Notable Developments

One of the developments that offer a glimpse of the market dynamics about the global outdoor LED displays market is mentioned below:

• In February 2020, North America-based NEC Display Solutions is a prominent provider of digital signage solutions. The company made an announcement of an update regarding its Q series of dvLED (direct view LED) display lineup. This new display solution comes with an extended lifespan and high quality images. The improvement in the quality of image indicates at higher rate of refresh and more colors that are displayable. This upgradation is likely to increase the market share of the company in near future.

The global outdoor LED display market is highly competitive and driven by latest technologies. Some well-known organizations in the global outdoor LED displays market include the below-mentioned:

• Sony Corporation
• LG Electronics, Inc.
• Data Display Co., Ltd.
• Panasonic Corporation
• Toshiba Corporation
• Buchi Labortechnik AG

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Global Outdoor LED displays market: Key Trends

The global outdoor LED displays market is likely to observe following drivers, opportunities, and restraints over the assessment period, from 2019 to 2027.

Augmented Spend on Promotional Activities to Shape Contours of the Market

Augmented demand for outdoor LED displays for the purpose of broadcasting advertisements and live actions have increased over the years, which is positively affect the global outdoor LED displays market over the years of projection.

In the last couple of years, a rising number of sports and musical events are being aired in open spaces. In addition, development of sports arenas and open air venues is likely to shoot up the demand for the product in near future. A surge in the brand endorsement and promotion activities together with colossal rise in the development of new products is likely to play an important role in the development of the global outdoor LED displays market.

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PV Module in Solar Energy Market Will Witness Substantial Growth In The Upcoming Years

Solar energy is one of the most reliable and clean energy resources. PV module is the key component of solar based energy generation. Photovoltaic (PV) converts light energy into electricity with help of semiconductor materials. Photovoltaic system works on solar panels, each consist of solar cells, which generate electrical energy. PV module installations may be rooftop mounted, and ground-mounted. Costs for solar power are falling rapidly. Further, “grid parity” has been achieved in many countries, while new markets for the solar industry are opening in emerging and developing nations. Policy and regulatory incentives, over supply of installation components, and advancements in technology are driving down the reduction in cost. Solar PV module systems are helping in delivering clean, safe, affordable, and decentralized electricity to people.

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The PV module consists of components such as protective material, frame, enclosure and junction box. The most significant factors that led to the growth of PV module in solar energy market are dynamic changes of fossil fuel prices and higher demand for renewable energy source. The other factors that facilitate the growth of PV module in solar energy market includes higher investments in R&D, stringent government norms, and the support programs that is making installation of PV module more cost competitive. Introduction of net metering and power purchase agreements will further stimulate the business landscape. One of the key factor which is driving the growth of PV module of solar energy market is the shift in consumer preference. Environmental concerns over the greenhouse gas emissions associated with fossil fuel works in favor of solar energy market. The major restraining factor for PV module in solar energy market is the high capital investment. However, the government support programs making solar power more cost competitive.

The PV module in solar energy market is segmented on the basis of technology, product, connectivity, Mounting, application and geography. By technology the solar energy market including PV module is bifurcated as thin film and crystalline silicon. On the basis of product the market is further segmented into Monocrystalline, Polycrystalline, Cadmium Telluride (CdTe), Amorphous Silicon (A-Si), Copper Indium Gallium Di-selenide (CIGS). Single crystalline is the most efficient sunlight conversion technology available. Its module efficiency averages about 10% to 12%, polycrystalline or multicrystalline has low manufacturing cost and module efficiency averages about 10% to 11%.In string ribbon cost of manufacturing is low and Module efficiency is average 7% to 8%, for amorphous or thin film The cost of manufacturing is lower than any other method and Module efficiency averages 5% to 7%.By connectivity the solar PV module market is divided into on-grid and off-grid. Further by mounting solar PV module market is segmented as ground mounted and roof-top. On the basis of applications, PV module solar energy market is segregated into groups which includes agriculture & horticulture, transportation, architecture and others.

Geographically the solar energy market in PV modules covers Europe, North America, Asia Pacific, South America and Middle East & Africa region. Europe is expected to dominate the global solar energy market including PV module in it. Asia Pacific anticipated to experiences the healthy market growth as this region have the high adoption of solar energy equipment.

Key players for solar sensor market in PV module First Solar Inc., Sharp Corporation, Trina Solar Limited, Yingli Solar, RGS Energy, Verengo Inc, JA Solar, Hanwha Q Cells, ReneSola, GT Advantage Technologies, and Motech Industries Inc. In order to gain a competitive advantage in the industry, these players are actively involved in organic and inorganic growth strategies. Collaborations, partnerships, agreements, and new product launches are some of the important strategies followed by them.

The programmable stage lighting market is segmented on the basis of geography into North America, South America, Europe, Asia Pacific, and Middle East & Africa. The U.S. is anticipated to hold significant market share in programmable stage lighting market followed by Europe due to the number of stage shows performed by artists frequently. However, the Asia-Pacific region is expected to emerge as the one of the fastest growing market in coming years due to developing entertainment industry in economies such as China, India and Japan.

Some of the major players in programmable stage lighting includes Martin (Brand by Harman), Chroma-Q, Apollo Lighting, Philips Lighting Holding B.V., General Electric, Times Square Lighting, Blizzard Lighting, Altman Lighting, Chauvet Professional, and ADJ products among other.

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Semiconductor Memory Market Growth, Trends And Forecast 2020-2023

The global semiconductor memory market is anticipated to develop rapidly within the forecast period from 2015 to 2023. This is credited to increasing penetration of cell phone and advancement in technology combined with increasing adoption and popularity of smart devices. Notable emergence of Solid-State Drives (SSD) and mobile computing technology in the market is additionally foreseen to boost the development of global semiconductor memory market in future. Furthermore, surging demand in electronic sector is also impacting the market growth positively.

The market is witnessing high sales in business and growth on the technological front. However, several government regulations are foreseen to hamper the market. The semiconductor memory market are majorly classified as per types of data storage and data access into non-volatile Read Only Memory (ROM) and volatile Random Access memory (RAM).The item has various applications including flash memory card, code and data storage in MP3 players, mobile phones, and PDAs. These segments play an important role in computing and advanced processing. In addition, the increasing requirements and complexities for advanced computing abilities in several data centers in the world are also providing lucrative opportunities for the key players to invest in the global semiconductor memory market growth.

Evolution in the form of automation and digitalization in entire electronics sector, along with use of memory-based elements in technologically advanced products in several industry verticals such as automobile, IT and telecom, and consumer electronics, etc are escalating the global semiconductor memory market. The expanding usage of semiconductor parts in the electronics and automobile systems, for example, NAND Flash, DRAM, and others, are the key generators for the demand regarding the integrated gadgets and chips.

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The automobile frameworks, for example, automated safety and luxury and driving and control frameworks that consolidate various storage solutions will give expanded speed and network in self-ruling and electric vehicles. In addition, the high utilization of cell phones, workstations, smart devices, and consumer electronic gadgets over the globe is signifying the necessities for exceptionally productive chips.

Semiconductor Memory Market - Overview

Semiconductor memory is an essential constituent for today’s electronic devices. It’s a kind of device in which digital information is maintained by using IC (Integrated Circuit) technology. These memories are classified on the basis of types of data access and types of data storage and these mechanisms can be categorized in two groups that are volatile RAM (Random Access Memory) and non-volatile ROM (Read Only Memory). 

RAM and ROM can be further classified on the basis of technologies and applications available. RAM includes DRAM, SRAM, SDRAM, and MRAM. ROM can be categorized in to PROM, EPROM, EEPROM, Flash memory etc. DRAM, mainstream memory holds a larger market share followed by NAND Flash, 3D ReRAM, NOR Flash. PCRAM is a new technology in the market and possesses better features than conventional memories. It also provides power saving opportunities to customers. 

Semiconductor Memory Market - Drivers and Restraints?

Growing market for smartphones, tablets and SSD (Solid-state drives) are the major growth drivers for the semiconductor memory market. Government regulations and manufacturing standards might restrict the growth of semiconductor memory market as marketers believe that implementation of these regulations and standards might affect the sourcing of materials and increase the cost of products. 

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Semiconductor Memory Market - Key Players

Some of the notable companies in semiconductor memory market are Toshiba, SanDisk Corporation, Micron Technology, Inc., Intel, IBM, Fujitsu, Cypress Semiconductor, Samsung, Atmel Corporation, Crocus Technology, Everspin Technology among many others.  Samsung and Micron Technology are regarded as leading companies in the R&D of PCRAM technology. SanDisk Corporation is engaged in developing the non-volatile technologies such as phase-change memory, charge-trap flash, memristor and other technologies. 

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Boat Rental Market Trends, Analysis And Forecasts To 2027

Transparency Market Research has published a new report on the global boat rental market for the forecast period of 2019–2027. According to the report, the global boat rental market is projected to reach a value of ~US$ 26 Bn by 2027, expanding at a CAGR of ~4% during the forecast period.

Expansion of Global Boat Rental Market

• The market for boat rental is expanding significantly across all regions. Europe and North America are highly developed markets for boat rental, and the markets in these regions are estimated to expand at a notable pace during the forecast period. Countries along the Mediterranean and Caribbean Seas are key boat rental markets. In Asia Pacific, Japan, Australia, and New Zealand are developed markets for boat rental; however, high emphasis on the development of nautical tourism in South Korea and Thailand is likely to boost the market for boat rental in these countries.
• The development of online portals and expansion of boat rental companies have made hiring boats highly convenient and cost-effective, which, in turn, is boosting nautical tourism and consequently propelling the boat rental market.
• Rise in per capita income in most countries has prompted society to spend higher on leisure and luxury activities. Furthermore, nautical tourism and marine activities are gaining popularity across developed and developing regions. Thus the boat rental market is expanding at a notable pace. Rise in the preference for cruise events and boat charters for leisure has played a significant role in the expansion of the global boat rental market.

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International tourism has been a key source of income for numerous countries, which aids in the economic development of that particular country. Consequently, countries with nautical tourist destinations have been investing consistently for the development and maintenance of these destinations.

• Shift in lifestyle has led to a distinct break from the traditional sailing destinations of the Caribbean and Mediterranean waters to less familiar destinations in Asia Pacific, the Middle East, and Antarctic. Thus, a surge in the inclination among consumers to explore new destinations, and a rise in the number of marine destinations, worldwide, are boosting the number of boats available for rent or lease. This is likely to propel the global boat rental market in the near future.

Based on business model, peer to peer (P2P) is the prominent segment, which is expanding at a remarkable pace. The availability of several service platforms such as Boatsetter and GetMyBoat are driving the P2P segment in the boat rental market. Moreover, boating enthusiasts who live along coastal areas in North America and Europe own boats and offer them for hire through online portals. This provides employment and enough earning to maintain and service these boats.

Regional Analysis of Global Boat Rental Market

In terms of region, the global boat rental market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Europe held a prominent share of the global market in 2018, due to the presence of a large number of marinas, and high preference for water sports and leisure activities. Greece and Croatia are major markets for boat rental, and the market in these countries is expanding consistently due to expansion of nautical tourism in the region.

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Countries such as South Korea, Thailand, Brazil, and China are rapidly emerging markets for boat rental, due to high emphasis by governments on the development and promotion of nautical tourism in their respective countries.

Prominent players operating in the global boat rental market include Boatsetter, Nautal, Sailo Inc., Zizooboats GmbH, GETMYBOAT INC., West Coast Marine, Le Boat, Incrediblue, Boatjump, S.L., Odyssey Boats, GLOBE SAILOR, THE MOORINGS, Blue Boat Yacht Entertainment Company, BLUE BAY MARINE, Yachtico Inc., Navigare Yachting, and Products Corporation.

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