Elevator & Escalator Market - Key Development by 2027

Transparency Market Research delivers key insights on the global elevator & escalator market. In terms of revenue, the global elevator & escalator market is estimated to expand at a CAGR of over ~7% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global elevator & escalator market report.

In the report, TMR predicts that the global elevator & escalator market would be largely driven by factors such as increasing number of high-rise buildings in developing economies. Moreover, innovation in technology and design of elevators & escalators is expected to boost their demand in the coming years.

According to the elevator & escalator market report, the maintenance & repair segment is expected to dominate the global elevator & escalator market and expand at a rapid rate during the forecast period. Large installed base of elevators & escalators in Asia Pacific and Europe is driving growth of this segment. End users have to invest on maintenance services every year. Elevator & escalator refurbishing services is expected to witness higher growth in the coming years.

The passenger elevator product type new installation segment accounted for the largest market share and is expected to maintain its dominance in the coming years. Majority of countries demand energy efficient passenger elevators. Developing countries investing in the real estate market is expected to work as a positive factor for this market.

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Step type escalator sub-segment held the highest market share of the escalator product type segment. Modern step type escalators are made of metal. Earlier, wood was also used to manufacture them. These characteristics are driving the product demand among consumers.

Growing commercial construction at the global level is driving the commercial segment. Both developing as well as developed countries are investing in high-rise commercial complexes, which is projected to be a positive factor driving the elevator & escalator market in the near future. The global residential construction market is growing at a double digit CAGR over the past few years. Increasing number of residential buildings will lead to new installation of elevators & escalators as well as maintenance services.

The elevator & escalator market is slightly fragmented. Several small, medium, and large companies operate in the market at the global and domestic level. Key companies are providing installation as well as maintenance services to increase their customer reach. Furthermore, demand for comprehensive maintenance contract is high at the global level; majority of small and medium scale companies offer comprehensive maintenance contracts to customers. Companies are extensively focusing on introducing innovative products to gain market share.

Elevator & Escalator Market: Prominent Regions

Presently, Asia Pacific dominates the global elevator & escalator market followed by North America and Europe. China is the largest consumer at globally. Rising number of high-rise buildings in Asia Pacific is driving the sale of elevators as well as escalators. Supportive government policies are encouraging companies to set up their manufacturing units in this region.

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The market in India and China are expected to grow at a higher pace. Large number of global real estate companies are investing in the residential and commercial market in these countries. Growing disposable income coupled with huge population is creating the need for elevators & escalators in crowded commercial places. Rising number of shopping malls, corporate buildings, and offices in tier 1 and tier 2 cities is expected to further boost demand.

Europe is the second largest market for elevators & escalators. Availability of technologically advanced product coupled with high consumer spending on elevators & escalators over the past few years has driven this market.

Elevator & Escalator Market: Key Players

Key players operating in the global elevator & escalator market include Fujitec Co. Ltd., Hitachi, Ltd., Hyundai Elevator Co., Ltd., KONE Oyj, Mitsubishi Electric Corporation, Orona Group, Otis Elevator Company, Schindler Group, ThyssenKrupp AG, and Toshiba Corporation.

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HVAC Equipment Market Analysis With Top Manufacturers Analysis

Transparency Market Research delivers key insights on the global HVAC equipment market. In terms of revenue, the global HVAC equipment market is anticipated to expand at a CAGR of ~5% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in the HVAC equipment market report.

HVAC is the abbreviation for heating, ventilation and air conditioning. The HVAC equipment market includes heating, ventilation, and cooling or air conditioning equipment. These equipment are used to move the air between indoor & outdoor areas. The equipment provides thermal comfort temperature during extreme climatic conditions.

In this market report, TMR estimates that based on product type, cooling equipment is likely to be the most widely used product type by the end of 2030 in the HVAC equipment market. Growing usage of HAVC equipment for construction projects and renovation of residential spaces is anticipated to drive the market. Moreover, growing awareness among users about using energy efficient equipment and growth in the construction sector is expected to drive the market for HVAC equipment.

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HVAC Equipment Market: Prominent Regions

Asia Pacific is projected to show prominent growth in the HVAC equipment market in the near future, due to increasing number of construction projects in the region. North America is the dominant market for HVAC equipment over the years. Demand for energy efficient equipment is one the major reasons for growth of this market in North America as well as Europe. Growing home automation and development of smart HVAC equipment is expected to create better opportunities for the HVAC equipment market in the near future.

Major brands are likely to focus on research & development to manufacture high-tech equipment and expand their business to strengthen their footprints in the global HVAC equipment market.

HVAC Equipment Market: Key Players

Prominent companies operating in the global HVAC equipment market include Daikin Industries, Ltd., Samsung, United Technologies, Johnson Controls International Plc, Panasonic Corporation, Lennox International Inc., Mitsubishi Electric Corporation, Nortek Global HVAC LLC, Hitachi, Ltd., and Trane Technologies Plc (formerly Ingersoll-Rand Plc).

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Water Source Heat Pump Market Business Opportunities and Competitive Landscape 2020 To 2027

• A water source heat pump operates in a manner similar to a regular air pump except the fact that it transfers and extracts heat by using water as a source instead of air
• A water source heat pump works by cycling water through a system of pipes that are laid out at the bottom of a water body or reservoir. The water cycled through pipes captures heat from the water body and dissipates it into the house.
• Water source heat pumps are used in two kinds of heat pump systems: geothermal systems and water loop systems
• Use of water source heat pumps can save a lot of money and protect the environment from harmful emissions

Key Drivers of Global Water Source Heat Pump Market

• Water source heat pump systems are used in commercial buildings, such as shopping malls, hotels, and libraries, which require different temperature zones. Some of these buildings require cooling, while others require heating. Thus, the building & construction industry is a major customer of water source heat pumps.
• Governments have imposed regulations on developers regarding zero carbon emissions from construction. As per these regulations, a whole-life carbon assessment should be conducted for all construction projects. Use of devices with low carbon emissions, such as water source heat pumps, proves highly useful to meet these regulations imposed on developers. This, in turn, is projected to drive the global water source heat pump market during the forecast period.
• Onshore oil and gas service companies operate under harsh and extreme climatic conditions. Ground source or water source heat pumps can operate under these conditions.

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Key Restraints of Global Water Source Heat Pump Market:

• Water source heat pumps need to be located close to a conditioned space, where it can generate radiated sound. However, different measures have been practiced to reduce this radiated sound to acceptable decibel levels.
• A water source heat pump requires an individual condensate piping line to be run from the unit
• With insufficient water supply, a water source heat pump lowers the temperature of the water to the point at which the system would not run much efficiently or would get dysfunctional. The more the heat needs to be generated, the larger the water source required.

Major Developments

• In January 2019, Vital Energi announced its plans to start working on Scotland’s first major water-source heat pump. Vital Energi would deliver the pump, which would be installed at the GBP-250-Mn Queen’s Quay regeneration project in Clydebank, Scotland. The GBP-15-Mn energy project would provide heat for the area’s homes, businesses, and a few public buildings.
• On January 2019, The Whalen Co. introduced the Closetline CAS packaged heat pump. Its capacities range from 0.5 tons to 5.0 tons, with 13.5 or 17.0 EER (Energy Efficient Ratio) at WLHP conditions in a compact cabinet designed for ease of service.

Asia Pacific to Hold a Major Share of Global Water Source Heat Pump Market

• Based on region, the global water source heat pump market can be classified into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa
• Asia Pacific dominates the global market and the trend is estimated to continue during the forecast period also, due to rapid urbanization and industrialization in major economies such as China, South Korea, and India.
• Initiatives for shift toward renewable energy sources from the conventional energy by governments in countries of Asia Pacific are expected to have a positive impact on the global market for water source hear pumps during the forecast period

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Key Players Operating in Global Market:

Some of the key players operating in the global water source heat pump market are:

• ClimateMaster Inc.
• Mississippi Power
• Energy Star
• Water Furnace International Ltd.
• Florida Heat Pump Manufacturing
• Bryant Heating & Cooling Systems
• Johnson Controls
• Mc Quay International
• Carrier

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Anti-Slip Tiles Market Size predicts favorable growth and forecast 2020 – 2027

• Anti-slip tiles offer friction between human foot and flooring surface to avoid slippage accidents. Anti-slip tiles are also referred to as anti-skid tiles.
• Anti-slip tiles are primarily used in heavy foot traffic areas and damp environments, such as kitchen, bathroom, courtyard/backyard, garden floor/outdoors, swimming pool, gym, commercial office stair & lobby, and manufacturing & processing industry premises 
• Commercial tile manufacturers have developed new techniques of applying anti-slip coatings to installed tiles in order to enhance its anti-slip property
• Increase in infant and elderly population and rise in floor slips falls resulting in injury-related deaths have driven homeowners to install anti-slip tiles. This factor is anticipated to drive the global anti-slip tiles market.

High Demand for Anti-Slip Tiles in Manufacturing and Processing Industries to Drive the Global Anti-Slip Tiles Market

• In terms of end-use industry, the global anti-slip tiles market can be segregated into residential, commercial, and industrial. The residential segment is estimated to account for a major share of the global anti-slip tiles market in the near future.
• Floor slippage accidents account for 30% of the total industry accidents in the world. In order to counter these issues and improve safety, there are numerous regulations that instruct manufacturers and processors to maintain the specified coefficient of friction (COF) for industrial floorings.
• High degree of COF is observed in anti-slip tiles that comply with American National Standards Institute (ANSI) and National Floor Safety Institute (NFSI) standards and are widely installed in manufacturing and processing industries 
• Industrial workplace fluid spills and employee slippage rate is observed to be higher in food & beverages, chemical, pharmaceutical, and petrochemical industries. Increase in adoption rate of anti-slip tiles in these manufacturing and processing industries is anticipated to boost the growth of the global anti-slip tiles market.

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Increase in Demand for Anti-Slip Tiles in Residential Applications

• Anti-slip tiles are primarily used in residential buildings in kitchen, bathrooms, living room, garden outdoors, and parking spaces. Tiles that are installed in residential buildings are manufactured using distinct materials, such as ceramic, porcelain, PVC, and polyurethanes.
• Anti-slip tiles offer high slip resistance that prevent major accidents in damp environments, such as kitchen and bathrooms. These tiles provide excellent durable and scratch resistance that enhance their durability. Anti-slip tiles incur low maintenance cost and are cost effective as compared to other alternative substitutes.
• Demand for anti-slip tiles in kitchen, bathroom, living room, garden outdoors, and parking spaces is expected to increase in the near future, owing to their safety, low cost and maintenance, durability, and aesthetical characteristics.
• Anti-slip tiles are extensively employed in kitchens and bathrooms, as they offer impressive designs, themes, shapes, sizes, and comfort. Furthermore, rise in the standard of living and increase in demand for anti-slip tiles for design and aesthetic purposes are estimated to boost the demand for anti-slip tiles.

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Glass Tableware Market 2020: Remarking Enormous Growth with Recent Trends & Demand

According to a new market report published by Transparency Market Research titled “Glass Tableware Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2028,” the global glass tableware market is expected to reach US$ 10.8 Bn by 2027, expanding at a CAGR of 2.9% from 2019 to 2027. Asia Pacific held the highest market share in the glass tableware market in 2027.

The Glass Tableware Market report provides an analysis of the global glass tableware market for the period 2017 – 2026, wherein 2018 is the base year and 2019 to 2027 is the forecast period. Data for 2017 has been included as historical information.

The report covers all the prevalent trends and technologies playing a major role in the growth of the market over the forecast period. It also highlights various drivers, restraints, and opportunities expected to influence the market growth during the said period.

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Growth of the hotel & catering industry is projected to drive demand for glass tableware in the near future. Increase in investments in the hotel & catering industry in emerging countries such as India and China has fueled the growth of the glass tableware industry. Moreover, glass tableware products are widely used in the hotel & catering industry. Furthermore, rise in disposable income of consumers has resulted in increase in expenditure on travel and tourism. This in turn boosts the growth of the hotel industry.

The tableware industry is set for an explosion and is ready to witness many innovations in terms of design and material, driven by changes in fashion, lifestyle, economic conditions, and demographic factors. Tableware manufacturers are experimenting with different shapes, colors, materials, and textures to attract consumers. There is an increased demand for visually appealing as well as functional tableware.

Beverageware segment includes tea pots, coffee or tea jugs, pitchers, and coffee brewers. Unlike plastic products, glass beverageware contain no harmful chemicals and are safer to use. Consumers are shifting from plastic products to glass beverageware which is contributing to the growth of this segment

Transition in the lifestyle and rise in disposable income is responsible for the growth of this segment. With rapid urbanization, purchasing behavior of consumers and adoption of trendy lifestyles are leading to the high demand for tableware products. The tableware segment is classified into glass, cups, and mugs. The others segment is divided into cookpots, roasters, casseroles, bakeware, bowls, food warmers, and measuring jugs.

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North America and Europe are anticipated to account for major market share due to sophisticated lifestyles and high spending rate. Increase in demand for glass tableware products in Europe and North America will result in the increased production of these products. Also, these regions will remain the prime markets for tableware products due to vast distribution networks.

Asia Pacific accounted for around 35% of the global glass tableware market in 2018 and is anticipated to continue its dominance over the forecast timeline. Europe has the largest middle class population in the world, followed by Asia Pacific and North America. The middle class population in Asia Pacific is expected to rise due to economic development in this region. The consumption rate of glass tableware products is higher in EMEA and Asia Pacific as compared to other regions.

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Home Appliance (Wet and Cold) Market Key Players and Current Trends Analysis 2027

Transparency Market Research (TMR) predicts that the global Home Appliance (Wet and Cold) market would expand at a CAGR of 6.2% over the period 2019 and 2027. Furthermore, the total value of the market is projected to touch 216.9 Bn by the end of 2027.

The global wet and cold appliances market is going through solid growth with the better disposable income levels in a number of countries, rising middle-class economy, busier lifestyles, and the availability of a range of wet and cold appliances at competitive prices. With the rising digitalization, consumers have become more tech-savvy and have robust knowledge associated with the use and benefits of all modern wet and cold appliances. In wet and cold appliances wireless technologies such as Bluetooth, Wi-Fi, and ZigBee used in or accessed by tablets and smartphones.

But the insertion of such technologies in wet and cold appliances such as refrigerator and washing machine is a means of product differentiation by manufacturers that is attracting technology oriented consumers. Consumers are progressively adopting wireless and technologically advanced products, mostly for the convenience it offers.

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The top companies in the wet and cold appliances market are the South Korean multinational companies such as LG Electronics and Samsung, Whirlpool, and the German Bosch and Siemens Group. Refrigerators, Washing machines, and dishwasher are projected as the main appliance categories within the wet and cold appliances market. Economic development in Asian countries such as India and China is expected to boost the wet and cold appliance market demand. Rising population, strong economic growth, and swift infrastructure development is also likely to positively impact market growth in the coming years. Industry participants emphasize on product innovation and development, new introduction of product to remain in the competition.

In terms of geography, Asia Pacific accounted for the major share in the wet and cold appliance market in 2018. Adoption and usage of wet and cold appliances such as domestic refrigerators and washing machines is high in the region; also, demand is projected to be high for smart wet and cold appliances such as smart refrigerators and smart washing machines in this region during the forecast period. Wet and cold appliances in Europe have reached the targeted growth phase due to a strong product pipeline and well-established portfolio management approach. Rising disposable income and introduction of efficient wet and cold appliances are likely to drive the wet and cold appliance market at a good pace. Key trends supporting the growth of the market includes increase in the usage of Internet of Things (IoT), and growth of wireless communication technology.

In terms of type, the domestic refrigerator segment expected to have the highest CAGR over the forecast period. The growth of this segment is attributed to major adoption and increased usage of refrigerators in households in Europe and Asia Pacific. Also, rise in consumer spending power and ease of financing schemes tends to increase the growth of the domestic refrigerator market.

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The wet and cold appliance industry is characterized by a number of local and regional players and intense competition among them. Some of the industry participants in the global wet and cold appliance market are AB Electrolux, Videocon Industries Ltd., Haier Group Company, LG Electronics, Philips Electronics, Whirlpool Corporation, Panasonic Corporation, Robert Bosch GmbH, Sharp Corporation, Sub-Zero Wolf, Daewoo Electronics Corporation, and Samsung.

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Cyber Weapon Market Impressive Gains including key players

Several companies operate in the global cyber weapon market, among which The Boeing Company, Lockheed Martin Corporation, General Dynamics Corporation, Raytheon Company, BAE Systems plc, and Northrop Grumman Corporation are identified as the key players in a report by Transparency Market Research (TMR). 

The defensive cyber weapon segment in the market is highly fragmented due to the existence of numerous companies offering high-tech cyber-security services. Contrary to this, only a handful of companies such as Hacking Team and VUPEN Security offer offensive cyber weapons. This has in turn resulted into a consolidated vendor landscape in the offensive cyber weapon segment.

According to TMR, the global cyber weapon market stood at US$390 bn in 2014. Rising at a CAGR of 4.4% CAGR, the market is expected to reach US$521.87 bn by the end of 2021. With a share of 73.8%, the defensive cyber weapon segment dominated the market by type in 2014. Regionally, North America accounted for the leading share of 36% in the global market in 2014.

“Besides exploring strategic collaborations and partnerships, the leading companies in the market are investing in the research and development of advanced solutions,” said a lead TMR analyst. Many of these companies are planning to expand their geographical footprint by expanding their existing product portfolio.

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Cyber Weapons Sales Expected to Rise as Traditional Arms Manufacturers Venture in the Market

The incidence of cybercrimes, security breaches, and data thefts has been rising at a significant pace. Compelled by this, organizations around the world have increased their investment to identify zero-day vulnerabilities. The existence of a hole in software that is not known to developer becomes an uncorrected software application vulnerability that could be exploited to affect consumer programs, data, and network. Identification of these vulnerabilities are important to prevent extremist groups from using them.

Governments, intelligence agencies, and other organizations have spiked their investment to identify zero-day exploits and use them against enemy networks when necessary. With an aim of capitalizing on the prevalent trend, several traditional arms manufacturing companies are expanding their businesses in the cyber security segment. This will in turn fuel the development of cyber weapons.

The market is also expected to gain from the increasing demand for security across critical infrastructure and utilities. Cyber weapons can launch attacks against critical infrastructure and disrupt vital services of an economy. Primary economic sectors therefore attach utmost importance to intellectual property and information and technology. This is a prime factor fuelling demand from the cyber weapon market.

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Regulations Imposed to Prevent Unregulated Usage of Cyber Weapons May Hamper their Sales

“The results of unregulated usage of cyber weapons could prove fatal. Several international organizations have thus described cyber weapons as malicious codes, which were used for mass destruction,” said a TMR analyst. Furthermore, they are also increasingly focusing on keeping these weapons out of reach of cyber-terrorists and extremist groups. Governments around the world are therefore compelled to implement stringent regulations to ensure non-proliferation of cyber weapons. Such regulations can impede the market’s trajectory to an extent.

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