Fiber Optic Cable Market Production and Supply Forecast

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

A fiber optic cable is a type of network cable that contains strands of glass fibers inside an insulated casing. Fiber optic cables are designed for use in long-distance and high-performance telecommunication and data networking. Fiber optic cables support much of the world's Internet service, telephone systems, and cable television networks. The global fiber optic cable market has been broadly segmented by fiber type, cable design, deployment, and end-use industry.

Based on fiber type, the market has been divided into single-mode fiber, multi-mode fiber, and others. In terms of cable design, the global fiber optic cable market has been classified into ribbon tube, loose tube, tight buffered, central core, and others. Based on deployment, the market has been segmented into underground, underwater, aerial, and others. In terms of end-use industry, the market has been segregated into IT & telecommunication, aerospace & defense, healthcare, energy & power, and others. Among fiber types, the single-mode fiber segment holds a significant market share and it is anticipated to expand at a rapid pace during the forecast period. This is primarily attributable to significant deployment of single-mode fibers in the global IT & telecommunication industry.

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Fiber Optic Cable Market: Dynamics

The continuously increasing need for 24x7 high-speed connectivity and increased traffic generation from services such as voice calls, emails, messaging, games, mobile Internet, downloads, and video streaming have unleashed the benefits of optical fiber cable networks. In view of the requirement for high-speed and 24x7 connectivity, continuous efforts are being made to make telecommunication networks vigorous, future proof, and consistent. The volume of data traveling through the Internet continues to increase, as more number of devices are being connected and new applications are being developed.

Optical fiber is the only transmission medium capable of supporting this explosive growth. Common applications, such as web browsing and high-definition videos, constitute approximately 66% of this traffic. Attributes of fiber optic cables are expected to drive their use in end-use industries such as IT & telecommunication and healthcare. Thus, rising demand for high-speed connectivity is expected to drive the global fiber optic cable market at a significant pace in the near future.

Fiber optic cable is undoubtedly becoming one of the most rapidly growing transmission medium for installation and upgrade of new cabling, which includes horizontal, backbone, and desktop applications. Fiber optic cables are preferred for use in applications that require high bandwidth, long distance, and thorough immunity to electric interference. Fiber optic cables are perfectly suitable for use in systems with high data rate such as gigabit Ethernet, fiber distributed data interface, multimedia, asynchronous transfer mode, synchronous optical networking, and any other network that requires transfer of large and bandwidth-consuming data files over very long distances.

Costs of fiber optic cables, components, and hardware are gradually decreasing. Installation costs of fiber optic cables are higher than those of copper cables, owing to the skill required for termination. Generally, fiber is costlier than copper in the short run. However, it can actually cost less in the long run. Maintenance cost of fiber is much less; it has much less downtime; and it requires less hardware for network installation. Due to these factors, fiber optic cables are expected to witness high demand across the globe during the forecast period.

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Fiber Optic Cable Market: Prominent Regions

According to regional analysis, Asia Pacific is the dominant region of the global fiber optic cable market.  Growth of the market in the region can be attributed to the significant manufacturing ability of players operating in the Asia Pacific market to produce fiber optic cables for use in IT & telecommunication and aerospace & defense industries. China has proved to be the most diversified and dynamic market. A majority of single-mode optical fiber cables is expected to be installed in national and provincial trunks in China, and this is anticipated to drive the fiber optic cable market in Asia Pacific in the next few years. China held a major share of the Asia Pacific fiber optic cable market, in terms of revenue, followed by Japan, in 2019. However, in terms of revenue, the market in India is anticipated to expand at a significant CAGR during the forecast period.

Additionally, North America is focusing on the adoption of fiber optic cables in order to strengthen its IT & telecommunication infrastructure and defense forces. The U.S. is home to several well-established players that design and offer fiber optic cables. Thus, rising demand for fiber optic cables in IT & telecommunication and aerospace & defense sectors is anticipated to boost the fiber optic cable market in North America during the forecast period. The market in Europe is estimated to witness prominent growth during the forecast period. The fiber optic cable market in Middle East & Africa and South America is expected to witness moderate growth in the near future.

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Construction Equipment Rental Market | Know the Latest COVID19 Impact Analysis And Strategies of Key Players

A surge in the mining and construction activities, particularly in the developing parts of the world is likely to fuel growth of the global construction equipment rental market in the years to come. With the advent of various new technologies, such as mapping features, equipment service tracking, and automated service improvements, the global construction equipment rental market is likely to witness considerable growth in the years to come. Technological upgradation or enhancements provided by the manufacturers of original equipment are further expected to drive the renting services for construction equipment in the market.

Technological progress made in the heavy machinery and automotive sectors has ushered in several new features in the market, which is likely to play a catalytic role in driving the demand for rented construction equipment in the years to come. Manufacturers are emphasizing on the integration of high-end safety features, such as additional work lights, 360-degree camera visual, and lift assist. They are also focused toward offering systems that need less maintenance and better operational efficiency. However, features such as these do not come cheap and are not affordable to many of the small contractors and builders. Some builders who cannot afford such high-end machines opt for rental services for construction equipment, which is likely to trigger expansion of the global construction equipment rental market in the years to come.

Product, and region are the two important parameters based on which the global construction equipment rental market has been categorized. Such dissection of the market comes with the purpose to offer stakeholders with a detailed and clear analysis of the global construction equipment rental market.

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Global Construction Equipment Rental Market: Notable Developments

One of the developments that offer a glimpse of the market dynamics about the global construction equipment rental market is mentioned below:

• In March 2019, Canada-based Cooper Equipment Rentals Ltd. made an acquisition of an independent equipment rental company, Prime Rentals Ltd. The acquisition is likely to expand the reach of Cooper Equipment Rentals Ltd.
• In January 2019, French equipment renting service provider, Loxam’s wholly owned subsidiary in the UK, Nationwide Platforms Limited, acquired UK Platforms Limited. The latter specializes in the supply of powered access units and has around 3000 such units the country. This acquisition is likely to strengthen the position of Nationwide Platforms Limited, in provisioning powered access units.

Some of the prominent organizations in the global construction equipment rental market include the below-mentioned:

• Kanamoto Co. Ltd.
• H&E Equipment Services, Inc
• Taiyokenki Rental Co., Ltd.
• United Rentals Inc.
• Maxim Crane Works, L.P.
• Nishio Rent All Co. Ltd.

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Global Construction Equipment Rental Market: Key Trends

The global construction equipment rental market is marked with the prevalence of the following restraints, drivers, and opportunities.

Trend toward Automation to Support Rising Demand for these Rental Services

The growth of the global construction equipment rental market is estimated to be driven by the rapid growth of the construction sector, particularly in the developing nations. Much of the growth in the developing countries is ascribed to the augmented expenditure in the development of non-residential, residential, and infrastructure sectors. For instance, growing investments in the making of expressways, bridges, metros, smart cities, highways, and roads is likely to drive the demand for rented construction equipment. In addition, with the rising number of nuclear families, there is a need for construction of more houses, which also calls for rental services of construction equipment. All these factors are estimated to propel growth of the global construction equipment rental market in the years to come.

Furthermore, the rising trend toward automation is estimated to play an important role in driving the demand for rental of construction equipment. Renting out of construction equipment saves the cost of purchasing a new one and at the same time it also lessens operational cost, maintenance cost, and cost of labor. The cost saving factor is likely to work in favor of the growth of the global construction equipment rental market over the tenure of analysis. However, strict regulations pertaining to the emissions are likely to impede the development of the global construction equipment rental market in the near future.

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Switchgear Market Trends, Opportunities and Growth Forecast During 2019-2028

Switchgear solutions are becoming increasingly crucial in primary and secondary distribution of conventional and modern power systems. Switchgears comprise a wide range of elements notably including circuit breakers, fuses, lightning arrestors, electrical disconnect switches, and relays. Over the years, utility providers have used various products in the switchgear market in electric power systems to protect the circuit and ensure uninterrupted services. They are also used for protecting operating devices in commercial, residential, and industrial applications.

The automated feature of switchgear market makes it a useful component in preventing short-circuits. Further, in recent years, switchgear has helped utility providers utilize the components for connecting the supply and distribution lines to multiple power feeds. The devices in the switchgear market are used in low-, medium-, and high-voltage power distribution and transmission units. 

The study on the switchgear market strives to make an in-depth assessment of key growth dynamics, key regulatory frameworks in various countries, new product development avenues, and impediments for players. The analysis on the competitive landscape takes a closer look at the recent research and development avenues and strategies adopted by emerging and established players.

Switchgear Market: Competitive Analysis and Key Developments

Increasing integration of renewable power in the overall power mix has opened up new vistas of capitalization for players in the switchgear market. In coming years, this will be supported by ramping investments by governments to expand the power infrastructure.

Companies domiciled in developed regions are getting into deals and agreements to meet the needs of switchgear solutions for wind and solar energy projects in emerging economies. A case in point is the purchase deal between MHI Vestas Offshore and Wind Mitsubishi Electric Europe. The former has recently clinched a deal to source switchgear from latter for meeting the needs of its upcoming offshore wind projects. The company will source high-voltage switchgear locally from Taiwan. More such deals will take place to get access to high-end solutions for strengthening alternative, renewable energy solutions, thereby opening vast avenue in the switchgear market. 

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Switchgear Market: Key Trends

Strides being made by construction of new residential and commercial buildings has spurred the demand for power distribution and transmission lines. The trend has imparted a strong fillip to the adoption of standard products in the switchgear market. Further, the efforts in modernizing power systems in developed economies of the world have underpinned the demand for new technologies in switchgear solutions. In developing countries, the demand for switchgears has prospered on the back of massive efforts being made by some governments in electrification of rural areas, such as in India. The demand has also benefitted from inclination to meet local standards in these markets.

A large impetus to the growth of the switchgear market has come from the rise in adoption of renewable energy sources by utility providers. A general expansion of power grids in urban and suburban areas in developing countries has bolstered the prospects of the switchgear market. Further, the growing focus of utilities to ensure safety and reliability of power supply has boosted the adoption of switchgear solutions for numerous applications. Need for higher power safety elements in developed and developed economies has fueled the adoption further.

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Switchgear Market: Regional Analysis

Rise in smart city infrastructures in developing regions have kept them at the forefront of rapidly emerging markets in recent years, thereby expanding the horizon in the global switchgear market. This is because there has been a proliferation of demand for switchgear in modernizing power systems. These trends are prominently observes in Asia Pacific economies. As a result, the overall opportunities in the Asia Pacific switchgear market is expected to rise at remarkably striking pace during the forecast period.

North America and Europe have been substantially lucrative for providers of switchgear solutions and equipment vendors. The growth in these regional markets has been fueled increasingly by the implementation of regulations for the safety of power distribution and also to ensure a reliable supply of power to consumers.

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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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