Cooling Tower Market Status and Forecast 2027

According to a new market report published by Transparency Market Research on the cooling tower market for the forecast period of 2019-2027, the global cooling tower market is expected to reach ~US$ 5 Bn by 2027, expanding at a CAGR of ~3% from 2019 to 2027. Europe held a prominent share of the global cooling tower market in 2018.

Field-erected cooling towers are large structures made of concrete, FRP (fiber reinforced plastic), wood, etc., meant to withstand weather changes. These towers are generally used in heavy industrial areas where they utilize large volumes of water to perform cooling processes. They are anticipated to hold the largest market share by 2027 under the construction segment. Factory-assembled cooling towers are also known as 'package' or 'modular' cooling towers, and are made in a factory. They are comparatively smaller in size, energy-efficient, take less space and time to build, and are cost-effective. These are used in small industrial plants.   

The North America cooling tower market is anticipated to grow at significant rate during the forecast period. In North America, end-use industries such as the power sector extensively use field-erected, concrete-made cooling towers that can hold large capacities of water. Moreover, the induced draft type is a widely used cooling tower technology in North America. For instance, global cooling tower manufacturer SPX Corporation recommended replacing a 80 horsepower (HP) forced draft cooling tower with a 30 HP induced draft cooling tower, which increased the cooling tower capacity by 5%, and consumed only 38% of energy as compared to a forced draft cooling tower.

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The induced draft cooling tower segment holds the largest share of the cooling tower market in North America, and is expected to lead the market during the forecast period. Natural draft cooling towers are the second-most popular type installed in North America. Natural draft cooling towers consume less power than induced draft cooling towers.          

Europe is the largest cooling tower market, globally. New cooling tower installations and replacement demands are aiding in the growth of the market in Europe. The power sector in the region, especially gas-fired power plant installations, is fueling the demand for these towers. Evaporative technology is the most common technology used in cooling towers in Europe. In evaporative technology, there is direct contact of cooling tower water with the air.

In October 2016, EUROVENT, an association of cooling tower manufacturers in Europe, released Eurovent 9/12, which is an industry standard for thermal performance efficiency for evaporative cooling towers and other cooling equipment. The evaporative cooling tower segment holds the maximum market share, while dry cooling is the second-most used technology. This method of heat transfer is expected to grow moderately during the forecast period. Hybrid cooling towers are witnessing increase in demand, as they reduce thermal plume and conserve freshwater use in plants.

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Some of the major players in the global cooling tower market include Baltimore Aircoil Company (BAC), ENEXIO Management GmbH, Hamon & Cie (International) SA, Babcock & Wilcox Enterprises, Inc., SPX Corporation, Bell Cooling Towers Pvt. Ltd, Brentwood Industries, Inc., Paharpur Cooling Towers Ltd, Star Cooling Towers, and Delta Cooling Towers, Inc.  

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Aerial Imaging Market Set to Register healthy CAGR During 2020-2025

Updation of mapping technology has been the major factor responsible for the expansion of the global aerial imaging market. Aerial imaging finds itself in a wide range of applications across industries like tourism, journalism, archeology, construction and development, and cartography. Such popularity of aerial imaging is ascribed to the need for high-resolution imagery arising.

Existing organization in the global aerial imaging market is vying for more market share. They have shifted their focus to betterment of their features like intelligence surveillance, urban planning, route designing, and volume-based calculations. The companies are also into strategic collaborations for the expansion of their geographical footprint. Some of the renowned market players that have been analyzed in the global aerial imaging market are NRC Group ASA, Google Inc., High Eye Aerial Imaging Inc., Fugro N.V., EagleView Technologies Inc., and ARC Aerial Imaging Limited.

Transparency Market Research (TMR) has studied the global aerial imaging market in detail and has come up with a report on the same. Utilizing extensive research methods, TMR has included information pertinent to the dynamics of the global aerial imaging market. Analysts at TMR prophesize that the market is estimated to expand at 14.6% CAGR over the period of assessment, from 2017 to 2025.

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Asia Pacific and North America Jointly Lead Growth of the Market

For the purpose of analysis, the global aerial imaging market has been segmented into the principal regions of Latin America, Middle East and Africa, Asia Pacific, Europe, and North America.

The global aerial imaging market is estimated to be commanded by North America during the forecast period. The regional dominance of North America is likely to continue throughout the assessment period due to the augmented use of aerial imaging technology by the forestry and agricultural industry. Increased implementation of innovative tools drones in various industries for high-resolution aerial images are driving the market during the period of assessment.

In addition, for the purpose of disaster management, urban planning, monitoring and surveillance, aerial imaging tools are used extensively, which is driving the progress of the market in Asia Pacific. Rise in the affordability level of companies to make use of such premium technologies is fostering regional market growth.

Multiple Uses across Many Industries is Likely Facilitate Market Expansion

The global aerial imaging market is likely to be driven by accentuated use of the system in construction and development sector. In the construction sector, high-resolution images aids in ensuring safety of the workers. Those images are also used for marketing of construction projects.  These images can be utilized for the creation of 3D BIM models and shared with stakeholders to assess the viability of projects. Harnessing the benefits of aerial imaging technology, efficacious management of energy and resource is obtained, which adds to the growth of the market. Personal aerial mapping systems (PAMS) is finding increased use in present times, which is likely to offer lucrative growth opportunities to the global aerial imaging market over the timeframe of assessment.

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Archeological researches have started involving aerial videography and photography so as to facilitate better analysis and study of ancient landscapes and site of historical significance. Property advertisements have also started using aerial images to attract more customers through better images. According to the analysts of TMR, cost effective yet highly efficient aerial photography is rapidly becoming a popular choice among the property sellers.

Of late, geospatial technology has been making increased utilization of aerial imaging to provide precise location details for various purposes. The security and defense segment has emerged as a prominent user both geospatial data and aerial images.

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Nanosatellite & Microsatellite Market Insights and Forecast to 2027

The global nanosatellite & microsatellite market is extremely competitive and fragmented in nature, states a latest report by Transparency Market Research (TMR). Some of the prominent players operating in the global market are Clyde Space, Gomspace, Ruag Group, Raytheon, and Sierra Nevada Corporation. These companies are focusing on investing in research and development activities to introduce innovative products in the marketplace to gain a competitive edge in the global nanosatellite & microsatellite market. Alternatively, these players are entering into mergers and acquisitions to penetrate the global nanosatellite & microsatellite market. New players are entering the global nanosatellite & microsatellite market.

Growing focus on reducing the cost of miniature satellites, rising development of infrastructure, and advancements in satellites are expected to boost the global nanosatellite & microsatellite market during the forecast period. The global nanosatellite & microsatellite market is projected to expand at a CAGR of 12.9% from 2019 to 2027 to reach value of US$ 3.4 Bn by the end of the forecast period.

Geographically, the global nanosatellite & microsatellite market is expected to be dominated by Asia Pacific during the forecast period. Growth of the market in the region can be attributed to rising demand for applications related to earth observation and research and development of network infrastructure in developing countries in Asia Pacific. In terms of industry type, the global nanosatellite & microsatellite market has been segmented into agency, defense, educational, non-profit, energy & infrastructure, and others. Among these, the global nanosatellite & microsatellite market is expected to be led by the defense sector during the forecast period. This growth can be attributed to high demand in the defense sector to communicate with soldiers located in far-flung areas.

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Technological Advancements to Promote Growth of Global Nanosatellite & Microsatellite Market

Rising demand for miniature satellites and low costs incurred for production of miniature satellites are expected to boost the global nanosatellite & microsatellite market in the next few years. Increasing number of telecom companies is likely to generate demand for nanosatellites and microsatellites. These companies invest in nanosatellites and microsatellites to improve their Internet connectivity and bandwidth. Cost effectiveness and better features provided by modern microsatellites as compared to conventional ones are projected to drive the global nanosatellite & microsatellite market during the forecast period.  Hence, the global nanosatellite & microsatellite market is projected to expand at a substantial rate during the forecast period.

Moreover, advanced technologies that help in setting up research universities are projected to provide new growth avenues to the global nanosatellite & microsatellite market during the forecast period. Rising need for communication by using smart devices is projected to boost the global nanosatellite & microsatellite market in the next few years.

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Implementation of Strict Regulations to Restrain Market

Stringent rules and regulations by International Telecom Union regarding radio frequencies are estimated to hamper the global nanosatellite & microsatellite market in the next few years. Moreover, lack of launch vehicles to launch miniature satellites are projected to hinder the global nanosatellite & microsatellite market in the next few years.

However, increasing use of satellites to meet the rising demand for Internet access in areas without broadband service is estimated to present lucrative opportunities for the global nanosatellite & microsatellite market in the next few years.

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IoT in Manufacturing Market Major Manufacturers Analysis

The emergence of advanced data analytics and data processing is anticipated to aid the growth of the global IoT in manufacturing market. Applications of IoT in manufacturing help gain insight into the performance and lifetime asset value of machines, enable greater control over the complex aspects of manufacturing operations, improve quality management and enterprise compliance, improve production yield rates, reduce carrying costs and out-of-stock inventory, accelerate inventory turns, enable predictive maintenance, collect and track throughout production, and provide real-time insights into manufacturing operations.

Growing adoption of innovative technologies and the increasing focus of key players on research and development activities are expected to fuel the growth of the market for IoT in the manufacturing sector. Furthermore, exposure of intelligent machine applications and the increasing need for agile production and operational efficiency are anticipated to assist the growth of the market. In addition, rise in regulatory compliances around the world is likely to help the IoT market in the manufacturing sector.

The presence of a large number of manufacturing units and the rapid growth of the economy are expected to help the market grow with a significant rate in North America for the next few years. The key players are continuously developing IoT solutions to enable more effective and efficient procedures of manufacturing. Companies such as Microsoft Corporation, Rockwell Automation, Siemens AG, IBM Corporation, SAP SE, Zebra Technologies, Cisco Systems, Inc., Huawei, General Electric, PTC Incorporation, and Bosch Software Innovations GmbH are creating IoT solutions which can be applicable for a wide range of manufacturing procedures, further helping the global IoT in manufacturing market grow.

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Global IoT in Manufacturing Market: Overview

The global market for IoT in manufacturing is projected to witness healthy growth in the next few years, thanks to the emergence of advanced data processing and data analytics. Additionally, a significant rise in the regulatory compliances is likely to supplement the growth of the overall market in the near future. According to the research study, this market is likely to register an impressive growth rate across the forecast period.

Furthermore, the key factors that are responsible for accelerating the growth of the global IoT in manufacturing market have been highlighted in the scope of the research report. Moreover, the product segmentation, applications, technological developments, and the competitive scenario of the market have been included to offer a clear understanding of the overall market.

Global IoT in Manufacturing Market: Drivers and Restraints

The increasing demand for predictive maintenance and centralized monitoring of manufacturing infrastructure is one of the important factors predicted to augment the growth of the global IoT in manufacturing market in the near future. In addition, the rising need for operational efficiency and agile production and the emergence of intelligent machine applications are predicted to the accelerate the growth of the market in the coming years.

On the contrary, several concerns related to data privacy and security and the lack of specific standards for interoperability and interconnectivity are projected to restrict the growth of the global IoT in manufacturing market in the forecast period. The inconsistency in business semantics and the rising conflicts concerning ownership of data are likely to hamper the growth of the market in the near future. Nonetheless, the increasing popularity of shared security and content maturity market are expected to offer promising growth opportunities for the market players.

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Global IoT in Manufacturing Market: Region-wise Outlook

Among the key regional segments, North America is anticipated to witness a strong growth in the global IoT in manufacturing market. This region is expected to remain in the leading position throughout the forecast period and register a healthy growth rate. The rapid growth of the economy and the presence of a large number of manufacturing units in this region is expected to encourage the growth of the IoT in manufacturing market across North America in the near future.

Furthermore, the increasing focus of key players on research and development activities and the emergence of innovative technologies is expected to fuel the growth of the market in the next few years. Moreover, the introduction of start-up culture and the advent of small and medium enterprises are some of the other factors estimated to accelerate the growth of the North America market in the next few years.

Key Players Mentioned in the Research Report are:

The global market for IoT in manufacturing is expected to grow at a progressive rate in the forecast period with a high level of competition. The rising number of players interested in participating in the global market is one of the major reasons encouraging stiff competition in the forecast period. With the rising focus on technological advancements and new product development, the leading players are anticipated to expand their product horizon and attain a leading position in the overall market.

Furthermore, the research study has provided a detailed overview of the competitive landscape of the global IoT in manufacturing market. Some of the key players operating in the market are Bosch Software Innovations GmbH, PTC Incorporation, General Electric, Huawei, Cisco Systems, Inc., Zebra Technologies, SAP SE, IBM Corporation, Siemens AG, Rockwell Automation, and Microsoft Corporation. Detailed profiles of these players have been included in the scope of the research report in order to guide the new as well as existing players to make effective and appropriate business decisions in the next few years.

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Nanorobotics Systems Market Share by Application

Nanorobotics is an evolving technology arena that creates robots or machines which have components near to the scale of a nanometre (10−9 meters). Nanorobotics denotes the nanotechnology engineering discipline of planning, designing, and building nanorobots, primarily from molecular components. Nanorobotics is an attractive new field, especially in medicine, which focuses on directed drug delivery using nanoscale molecular machines. These nanobots carry a load with the drug and they are capable of identifying specific categories of cancer cells among billions of healthy cells by using biomarkers. The nanobots then disentangle on contact with the target cells and release the drug, thereby destroying the transmuted cells.

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Some of the major drivers of micro- and nanorobots are initiatives undertaken by universities and governments to encourage investments in this sector, the increasing acceptance and preferment of entrepreneurship, and technological advancements in the field. All these factors are poised to fuel the growth of the nanorobotics systems market during the forecast period. Moreover, the increased demand for miniaturization coupled with high demand for automation across sectors has driven the overall nanorobotics systems market. Countries such as the U.S., Japan, and the U.K. hold majority share in this market. This is due to factors such as advancement in technology, availability of high end infrastructure, and high capital disbursement into development of new and developed nanorobotics systems.

High manufacturing cost as well as challenges related to miniaturization are some of the major restraints faced by the industry. However, emergence of mind-controlled nanorobots and development of swarm intelligence is expected to give a positive push to the global nanorobotics systems market. Moreover, growing health related issues, higher acceptance of automated medical devices, and advancements in features of nanorobotics systems will lead to higher growth of the global market.

The global nanorobotics market can be divide into five regions. They are North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America held a considerable market share and is expected to be the market leader over the forecast period. One of the foremost factors for the region’s growth is the growing backing of nanorobotics from the Defense Advanced Research Projects Agency (DARPA) and National Science Foundation (NSF). Growing adoption of nanotechnology coupled with high expenditure on healthcare will foster the growth in this region in the future. Asia Pacific is projected to grow at the maximum rate during the forecast period. Rise in disposable income, and significant growth of aging population will fuel the growth of the nanorobotics systems market in the region. Additionally, a number of companies are looking to tap into this growing market; therefore, they are investing heavily in this region, which is poised to further propel the growth of this market.

The nanorobotics systems market is extremely disjointed due to the existence of many vendors. As the market is highly capital-intensive, market players are shifting toward mergers and acquisitions, to minimize cost and leverage on technological advancements. This has resulted in reduced cost for single players. Various sellers are concentrating on incorporating the best supplementary tools to increase the instrument performance.

Some of the key players in the market are Bruker (Massachusetts, U.S.), JEOL Ltd. (Tokyo, Japan), Agilent Technologies (California, U.S), FEI Company (Oregon, U.S.), and EV Group (St. Florian am Inn, Austria). Other prominent dealers in the market include Park Systems Corporation (Suwon, South Korea), Anasys Instruments (California, U.S.), AIXTRON SE (Herzogenrath, Germany), Asylum Research (California, U.S.), NT-MDT (Moscow, Russia), Novascan Technologies (Iowa, U.S), Cavendish Kinetics Inc. (California, U.S), JPK Instruments (Berlin, Germany), Nanonics Imaging Ltd. (Jerusalem, Israel), Angstrom Advanced Inc. (Massachusetts, U.S.), Nanosurf AG (Liestal, Switzerland), and WiTec GmbH (Ulm, Germany).

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Smart Packaging Market to Soar at steady CAGR up to 2025

Smart packaging is an advanced form of packaging that provides additional functionalities such as extended shelf life, freshness monitoring and improved safety along with the traditional basic three functions of packaging that is protection, communication and containment. In addition, smart packaging are also used extensively by various end user segments in order to add value to their products, strengthen their brand image and to improve the consumer appeal. In a smart packaging, additive technologies including antimicrobials and oxygen scavengers are being added by various quality indicators that is majorly based on gas detection and temperature monitoring of the products for reducing food deterioration and contamination.

Thus, smart packaging involves a combination of science, specialized materials and technology in order to provide advanced protection. The global smart packaging market is anticipated to experience an exponential growth during the forecast period from 2017 to 2025 owing to increasing demand of advanced packaging solution from various food processing and pharmaceutical sectors.

In order to provide a comprehensive and detailed analysis of the market, the global smart packaging market has been segmented on the basis of technology and end user.  Different technology through which smart packaging enhances packaging functionality includes active packaging, intelligent packaging and modified atmosphere packaging (MAP) among others. Moreover, smart packaging also finds its application across various end user segments such as food and beverages, healthcare, personal care and others. The others segment includes application of smart packaging in consumer electronics and agricultural sectors. In addition, current market situation along with future anticipated growth trend of all the above mentioned segments including technology and end user across different regions including Europe, Asia Pacific, North America, Middle-East and Africa (MEA) and Latin America is also provided in this report.

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Rising health consciousness among the consumers in one of the most important factor anticipated to trigger the demand of smart packaging during the forecast period from 2017 to 2025. In current generation (generation Y), consumers are becoming more health conscious. Toxic materials used in traditional packaging, especially food packaging is hazardous to consumer health. Consequently, consumers prefer smart packaging in order to have safe and hygienic products. In addition, changing lifestyle of the millennial population coupled with rising disposable income is also expected to boost the demand of smart packaging in the coming years. Owing to the cumulative effect of rising disposable income and busy lifestyle, consumers are inclining towards packaged foods that are easy to cook and are willing to pay additional price for packaging solution that increase the shelf life of the products and retain proper nutritional values. This in turn is expected to accelerate the adoption of smart packaging by various end user segments especially food and beverage industries and pharmaceutical sectors. 

However, high price of smart packaging is one of the most important factor anticipated to hinder the commercial success of these products during the forecast period. Using smart packaging increase the price of the end products, which in turn is expected to affect its demand negatively.

Among the different technology used in smart packaging, the active packaging segment held the largest market share in 2016 and is anticipated to maintain its dominance during the forecast period. Increasing demand for packaging solution that is capable of sensing and manipulating the packaging environment to maintain the microbiological quality of the products is the primary factor attributed to this segment’s dominance.

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Geographically, Europe generated the highest revenue in the smart packaging market in 2016 and is followed by North America. On the flip side, Asia Pacific region is predicted to experience the most promising growth during the forecast period. Increasing application of smart packaging across various logistics industry pertaining to the rising utilization of RFID (Radio Frequency Identification) tags at different levels in order to speed up the process of locating products and to facilitate the availability of various real time information is the most important factor anticipated to drive the demand of smart packaging in Asia Pacific region.

Some of the major players operating in the smart packaging market includes 3M (U.S.), PakSense (U.S.), BASF SE (Germany) and Huhtamaki Group (Finland) among others.

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Ambient Assisted Living and Smart Home Market Growth Factors, Demand and Trends Forecast to 2025

Ambient assisted living and smart homes provide a comfortable standard of living. Ambient assisted living refers to the assistance of technology, electronic systems, products and services which guide and uplift the daily lives of people who need support and help those who demand a better and improved standard of living. This concept is comparatively new in the information, communications and technology sector which helps the daily life of people especially the elderly for independent and monitored living.

Smart homes refer to automation of homes which are equipped with information and computing technology devices which respond to the owners’ requirement in a much more efficient manner. Smart homes control and monitor air conditioning and security systems, lighting, and home appliances such as ovens, dryers, refrigerators and others, ventilation, control of heating and others with the help of Wi-Fi and internet of things. The global ambient assisted living and smart home market is fragmented with the presence of numerous large scale and medium scale companies operating in the market.

In developed countries such as North America and Europe, the old age dependency ratio, which is the number of elderly population with respect to the working population is rising. This demographic change is being recognized and the problem is increasingly being addressed both from the societal and economic point of view. To support the aging population, governments of these developed nations have prioritized ambient assisted living and smart homes to enable the aging population to live longer, healthier, and active and remain socially connected. This factor is expected to majorly drive the growth trajectories of the global ambient assisted and smart home market.

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Further, increasing mobility allowing more people to get connected with electronic devices and gadgets in their homes coupled with increasing consumer acceptance to use these features (which is in turn supported by a higher purchasing power, are some of the major factors projected to help drive the growth of the market over the forecast period. The ease of monitoring and controlling home appliances with improved efficiency and at any point of time will increase consumers’ acceptance to use ambient assisted living and smart homes and therefore push the growth of the market. Advent of internet of things coupled with drop in prices of Wi-Fi routers are also likely to help drive the growth of the market.

However, issues related to breach of security and low network connectivity are likely to hamper the growth of the market.

The global ambient assisted living and smart home market has been segmented based on product type and region.

Based on product type, the market has been divided into energy management systems, HVAC control, telemonitoring, consumer electronics, medical assisted products, security and access controls, and others. Medical assisted products segment is expected to expand at the highest CAGR owing to increasing aging population and rise in need for efficient healthcare services. Security and access controls segment is likely to hold significant market share during the forecast period.

Based on region, the global ambient assisted living and smart home market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America followed by Europe is expected to have considerable market share owing to a large aging population base. Further, these two developed countries are technologically advanced and have higher purchasing power, enabling an increasing facilitation of ambient assisted living and smart home services.

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However, Asia Pacific is expected to expand with the highest CAGR owing to improved standard of living and purchasing power of the population which has helped in improving the acceptance of the population for ambient assisted living and smart home services. Asia Pacific has also been witnessing a technological revolution coupled with cheap labor, enabling large scale companies to set up their production base in this region. Countries such as China, Korea, Australia, Japan, and India are likely to drive the growth of the market in Asia Pacific.

Some of the key players operating in this market are Siemens AG (Germany), Schneider Electric S.E. (France), Legrand SA (France), Honeywell International, Inc. (U.S.), Koninklijke Philips N.V. (Netherlands), Tunstall Healthcare Ltd. (U.K.), Assisted Living Technologies, Inc. (U.S.), CareTech AB (Sweden), Vitaphone GmbH (Germany), and ABB Group (Switzerland) among others.

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