Thursday, 6 August 2020

Traffic Safety Products Market to Witness a Pronounce Growth During 2027

  • Traffic safety products are important for safety of vehicle operators, passengers, and pedestrians as road traffic injuries are the leading cause of death among people aged between 15 and 29 years. Traffic safety products are available in permanent and temporary forms depending on the needs of the workplace and duration of the project.
  • Additionally, there are times when workplace safety overlays with road and traffic safety. In order to ensure that workers are able to work safely in high traffic areas, they must have access to high quality and weather resistant traffic safety products.

Key Drivers of the Global Traffic Safety Products Market

  • Increasing number of road traffic accidents is one of the prime reasons for the growth of the traffic safety products market. According to World Health Organization, approximately 1.35 million people die each year as a result of road traffic accidents. Such occurrences are more prominent in middle and low income countries where traffic safety regulations are not stringent.
  • Additionally, growing urbanization, and increasing government spending for public transportation systems coupled with technological advancement in road safety products are some of the other factors spurring the growth of the traffic safety products market. Manufacturers are continuously focusing on integration of advanced technologies in road safety products in order to decrease road accidents and increase safety of workers and pedestrians etc.
  • All the above factors together are anticipated to fuel the growth of the traffic safety products market worldwide.

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Technological Advancement, a Key Business Opportunity for the Traffic Safety Products Market

  • Technological improvements in road safety products is anticipated to create new business opportunities for the growth of the traffic safety products market. Shift from incandescent traffic lights to LED lights not only saves energy but they last long. These lights enable the usage of different shapes other than the circular one, for example, square shape, that increases visibility due to larger illuminated areas. Additionally, weather resistant or all weather traffic safety products are other examples of technological innovation that is anticipated to augment the growth of the traffic safety products market.

Lack of Proper Funding, a Key Restraining Factor for the Growth of the Market

  • Lack of proper funding is one of the key restraining factors for the growth of the traffic safety products market. Lack of availability of traffic safety products as per regulations and standards hampers the growth of the market.

Asia Pacific Offers Growth Avenues for the Global Traffic Safety Products Market

  • Geographically, the global traffic safety products market can be divided into five regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA).
  • Countries in North America and Europe have some of the key companies specialized in traffic safety products.
  • Asia Pacific on the other hand is a prominent region owing to the presence of some major manufacturers.
  • Other regions such as South America and Middle East & Africa have strong potential growth for the traffic safety products market.

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Key Players Operating in the Global Market

The global traffic safety products market is highly fragmented with presence of many key global players coupled with many regional traffic safety products manufacturers. A few of the key players operating in the global traffic safety products market includes:

  • 3M
  • Avery Dennison Corporation
  • Honeywell International Inc.
  • Industrias Duero
  • Lindsay Transportation Solutions Sales & Service
  • RoadSafe Traffic Systems, Inc.
  • Tenacious Holdings, Inc.

Hair Extensions Market Outlook and Forecast 2020-2027

Hair extensions are also known as hair weaves or artificial hair integrations, which are utilized to add volume, length, or both to hair. Hair extensions are generally sewn or glued or clipped to natural hair by addition of synthetic or human hair. The main purpose of use is to add to the length of the human hair. However, it could also act as a cover up for a bad haircut and can also add some dimension and color to one’s. The significance of hair extension in hair and beauty applications is expected to support growth of the global hair extensions market in the years to come.

The willingness to better physical appearance is another major growth factor for the global hair extensions market. The rise in per head income and subsequent rise in disposable income of the people is expected to sales of personal care and beauty products. This, in turn, is expected to work in favor of the global hair extensions market over the tenure of assessment.

Type, fitting type, category, sales channel, and region are the five important parameters based on which the global hair extensions 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 Hair Extensions market.

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Global Hair Extensions Market: Notable Developments

One of the developments that offer a glimpse of the market dynamics about the global hair extensions market is mentioned below:

  • In 2019, US-based Beauty Industry Group made an acquisition of two prominent brands dealing with hair care and grooming, Luxury Hair Co. and Hidden Crown. This acquisition is estimated to improve the sales of products of the Beauty Industry Group and expand its presence.

Some of the prominent organizations in the global hair extensions market include the below-mentioned:

  • Anhui Jinruixiang Hair Product Co. Ltd.
  • His & Her Hair Goods
  • Diamond Hair Company
  • Hair Visions International
  • Shake-n-Go (SNG) Fashion
  • Aderans Co., Ltd
  • Hud-Son Forest Equipment

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Global Hair Extensions Market: Key Trends

The global hair extensions market is characterized by the presence of the following restraints, drivers, and opportunities.

Increased Sale through Online Distribution Channel to Drive Growth of the Market

The growing acceptance of hair extensions amongst various global actors and celebrities is estimated to act as key growth factor for the global hair extensions market. Hair extensions have gained augmented popularity in the fashion and entertainment sector. Rise in the incidences of alopecia, particularly in people from African origin is estimated propel growth of the global hair extensions market over the tenure of analysis.

Hair extensions made from human hair is costlier than synthetic hair, as such it improves affordability of hair extensions made from synthetic hair. However, the cost of extensions made from human hair is declining, which is likely to prove beneficial for manufactures of hair extensions. This is likely to play an important role in helping the manufacturers source such hair extensions at better prices.

Hair extensions are primarily sold through retail and online sales channels. Use of various online shopping websites, such as Amazon.com, E-bay are further facilitating the sale of hair extensions. This factor is likely boost the growth of the global hair extensions market in the years to come.

Global Electric Wheelchair Market Status Report COVID 19 Impact Analysis

The global electric wheelchair market is set to experience a boost in the growth rate during the forecast period. There are many factors that may influence the growth rate of the electric wheelchair market. Convenience and stability are significant for a rise in the sales of electric wheelchairs. Furthermore, the elderly population is more inclined towards the electric wheelchairs for convenience and ease of operation.

Electric wheelchair or electric-powered wheelchair (EPW), invented by George Klein originally for World War II veterans, is a wheelchair powered by an electric motor. It is a wheelchair that reduces manual activity or does not require any human assistance to move a wheelchair. This wheelchair comes in various types like center wheel drive, front-wheel drive, and standing electric wheelchair. The wheelchair type is used according to the type of surface and space on which the wheelchair is to be used.

The forthcoming research report by Transparency Market Research offers a foolproof analysis of the electric wheelchair market for the forecast period 2019-2027. The in-depth analysis provides insights into growth opportunities and the condition of the electric wheelchair market in the forecast period.

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Electric Wheelchair Market: Competitive landscape and notable developments

The electric wheelchair market has immense competition between the new players and the established players. This, in turn, has paved the way for mergers and acquisitions, joint ventures, and product development to maintain the dominancy in the electric wheelchair market. For instance, Drive Medical recently acquired Med quip Inc. to cement its product portfolio. Another example is Innova Care Concepts forging a partnership with Permobil for supplying electric-powered wheelchairs.

The manufacturers are making technological advancements to make their products more efficient and convenient for the user. A classic example is the development of ‘Scewo’ by the ETH Zurich team. Scewo is a self-balancing electric wheelchair that can go upstairs and downstairs without any human assistance.

In addition, manufacturers are also working on providing advanced wheelchairs at public places like airports. For instance, Japanese Company, WHILL designed self-driving wheelchairs having sensor-based anti-collision technology for providing a seamless experience to the users at the airport.

The key players of the electric wheelchair market are Invacare Corp, Sunrise Medical Inc., Drive Medical, Golden Technologies, Hoveround Corp, Pride Mobility Products Corp, 21st Century SCIENTIFIC Inc., and Merits Health Products.

Electric Wheelchair Market: Key trends

Growing demand from the sports sector may fuel the electric wheelchair market. BMX motocross conducts a special racing event for the disabled community. It is a popular sport that sees considerable disabled community participation. The participants perform various tricks and top-level stunts using electric wheelchairs. The increasing participation of the disabled community may serve as a key driver for the growth of the electric wheelchair market.  A number of technological upgrades such as WiFi and Bluetooth additions to the electric wheelchairs are also expected to accelerate the growth of the electric wheelchair market. Suspension enhancements may also boost the sales of the electric wheelchair market. Permobil has launched the first wheelchair powered with Flexilink full suspension technology.

Electric Wheelchair Market: Regional analysis

Regionally, the electric wheelchair market is divided in North America, South America, Latin America, the Middle East and Africa, Asia Pacific, and Europe. North America is expected to perform well in the forecast period. This is due to high investment capacity, better technological assistance, and relaxed government regulations. The Asia Pacific region may also observe better growth during the forecast period. Europe has factors similar to that of the North America. Therefore, it is also expected to see a good growth rate during the forecast period.

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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

Grow Light Market Expected to Witness a Sustainable Growth over 2025

The growing popularity of botanical research and testing has increased demand within the global grow light market. Cultivation of special breeds of plants necessitates the use of premium technologies and external aids. Several species of plants grow under artificially-created environments, and a large number of these species rely on grow light for their growth and nourishment. Grow light can be tailored according to the photo-absorption requirements of the plant. Therefore, the growth of the global grow light market largely depends on advancements in cultivation and horticultural practices. Development of specialised research labs to study plant behaviours has also given a thrust to market growth.

Transparency Market Research (TMR), in its report, estimates the total volume of the global grow light market to touch US$6,596.0 Mn by 2025. Furthermore, the CAGR of this market over the period between 2017 and 2025 is estimated at 8.46%. Vertical farming techniques have gained popularity in recent times, and farmers are focusing on optimizing this method of cultivation.

Use of grow light in vertical farming shall emerge as a gamechanger for vendors operating in the global market. Greenhouse research and testing also calls for the use of grow light to create suitable environments for plants. The availability of large cultivation turfs has played an underhanded role in market maturity.

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Advancements in Botanical Research to Aid Market Growth

The use of grow light provides a freehand to cultivation experts who can experiment on plant growth using different external environments. The ability to change the tone, brightness, and intensity of grow light has helped researchers in drawing important inferences. Furthermore, grow light can also be optimized for the right temperature, colour, and spectral output. The use of high-efficiency grow light devices is an important consideration for researchers. Cost optimization is an important dimension within botanical research, creating room for adoption of affordable grow light devices. Furthermore, researchers are pressing governments to increase investments in botanical studies.

Growing Relevance of New Plantation Techniques

Advancements in the agricultural sector have also played to the advantage of the vendors operating in the global grow light market. Use of customized light spectrums for growing food crops is amongst the leading factors responsible for market growth and maturity. Besides, the importance of grow light for aquatic plants and indoor hydroponics has also driven sales across the global grow light market. Indoor gardening has emerged as an important trend across the residential and commercial sector. Moreover, food propagation has attracted substantial investments from notable researchers. Considering the factors stated above, the global grow light market is set to tread along a lucrative growth track.

Some of the leading players in the global grow light market are Philips Lighting, General Electric Company,and Lumileds Holding B.V.

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The review is based on TMR’s report titled, “Grow Light Market (Technology - LED, Fluorescent, and High Intensity Discharge (HID; Application - Indoor Farming, Vertical Farming, Greenhouse, Research, and Turf) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2025”. 

Machine Condition Monitoring Market Research Analysis by 2020- 2026

The global machine condition monitoring market was valued at US$ 2,212.3 Mn in 2017 and is anticipated to expand at a stable CAGR of 8.1% during the forecast period 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled ‘Machine condition monitoring Market– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.

Advantages offered by machine condition monitoring, increased adoption of vibration sensors, increase in equipment performance and productivity, rise in the adoption of machine condition monitoring in the automotive industry, rise in online machine monitoring, and increase in equipment performance and productivity have increased the penetration and growth of the global machine condition monitoring market. The market in Asia Pacific is likely to expand at a rapid CAGR of 8.6% due to numerous technological innovations in equipment condition monitoring systems.

Rise in Demand for Online Monitoring to Drive Market Growth

Rise in predictive maintenance and need for accurate and time-efficient analyses of data have increased the demand for online machine condition monitoring globally. Manual collection of data can be performed only a limited number of times. On the other hand, online monitoring can collect large amounts of data at frequent points avoiding chances of human miscalculation in data collection. Numerous players from North America are continuously involved in acquisitions in order to offer advanced machine condition monitoring to people who need the information on machine conditions in a timely manner.

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In September 2018, Azima DLI, a provider of predictive machine condition monitoring and analysis services, launched ‘WATCHMAN,’ its portable online intensive care condition monitoring system that can be quickly deployed by personnel in machines. Key trends prevalent in the global machine condition monitoring market are integrated machine condition monitoring system, technological advancements, cloud technology, wireless condition monitoring, and strategic collaborations.

Increasing Adoption of Vibration Monitoring is Expected to Drive Growth of the Machine Condition Monitoring Market

In terms of type, the market has been divided into thermography, vibration monitoring, lubrication oil monitoring, acoustic emission monitoring, ultrasound monitoring, corrosion monitoring, current signature monitoring, and others. The vibration monitoring segment is anticipated to dominate the market due to rise in adoption of vibration sensors for assessing equipment condition. Vibration monitoring provides analysis of the overall vibrations of components or machinery in order to observe abnormalities that may indicate faults.

Furthermore, potential advantages of machine condition monitoring such as improved efficiency, increased machine availability and reliability, extended operational life, reduced costs, and improved safety are driving the global machine condition monitoring market. The vibration monitoring segment is anticipated to expand at a significant CAGR of 8.6 % during the forecast period. The lubrication oil monitoring segment is projected to expand at a significant CAGR over the forecast period, owing to the increasing use of lubrication oil as it plays an important role in early machine failure detection.

Rise in Adoption of Machine Condition Monitoring Systems due to Technological Advancements and Increase in Adoption of Predictive Maintenance in the U.S., Germany, China, South Africa, and Brazil to Create More Opportunities in the Market

Geographically, the global machine condition monitoring market has been divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. In 2017, Asia Pacific was the topmost revenue generating region, followed by North America. This is mainly attributed to advancements in technology and wide use of predictive maintenance techniques in various industries in order to determine the condition of equipment and foresee when and where maintenance is needed. The machine condition monitoring market in Asia Pacific is expected to expand at a rapid CAGR of 8.9% over the forecast period. China held a significant share of the market in Asia Pacific in in 2017 in.

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The market in the country is estimated to expand at a considerable CAGR during the forecast period. The market in North America is anticipated to expand at a significant CAGR during the forecast period, owing to the continuous technological advancements in wireless technology and remote monitoring. The market in Europe is anticipated to show substantial growth throughout the forecast period, due to a rise in the adoption of machine condition monitoring systems in the automotive industry and presence of a significant number of market players in the region. The market in Middle East & Africa and South America is expected to expand at a substantial pace due to the rise in government funding in the regions.

ALS Limited, Brüel & Kjær Vibro GmbH, SKF, Emersion Electric Co and F. Honeywell International are Likely to Continue to Lead the Global Machine Condition Monitoring Market

The company profiling of key players in the global machine condition monitoring market includes company overview, major business strategies, SWOT analysis, and market revenues for years 2016 to 2018. The key players profiled in the global machine condition monitoring market report include ALS Limited, Brüel & Kjær Vibro GmbH, Emerson Electric Co., Fluke Corporation, General Electric, Honeywell International, Meggitt SA, National Instruments, Parker Hannifin Corp, PRÜFTECHNIK Dieter Busch AG, Rockwell Automation, Inc., and Schaeffler Technologies AG & Co. KG, SKF. Various players are introducing machine condition monitoring systems with cloud technology and establishing partnerships with other players to meet the continuously growing demand for accurate and reliable equipment condition monitoring.

Global Water Meter Market Research Report 2020

Some of the prominent players operating in the water meter market are Arad Group, Badger Meter, Itron, and Kamstrup. These players are increasing focus towards the adopting various strategies in order to strengthen foot hold in the smart water metering market.

Contracts, agreements, business expansion and mergers and collaboration are some of the widely adopted strategies by the players.

For instance, in 2018, Kamstrup, leading water metering solution manufacturer announced the opening of its new manufacturing plant in United States.

Moreover, in 2018, Diehl, a key service provider has announced their products are available on Microsoft Azure. The company deals in several software associated with water meter. The cloud technology will help them offer a central platform for all of the energy data. Thus helping them make software access simpler and more cost-efficient for a range of manufacturers.

According to a report by Transparency Market Research (TMR), the global water meter market is projected to attain a valuation of US$6.1 bn by the end of 2027. The analysts recorded a valuation of US$4.0 bn in 2018. The water meter market is projected to showcase a steady CAGR of 4.7% during the forecast period.

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On the basis of geography, Asia Pacific is expected to hold a majority of share in the global market during 2019 to 2027.  This is mainly due to the improving infrastructure and rapidly increasing industrialization and urbanization in the region. Based on application, the water meter market is segmented into residential, commercial and industrial segment. Among these, residential sector is anticipated to continue to lead throughout the forecast period. This is because, household residents are the key consumers of water meter market. 

Need to Reduce Cost of Operation to Fuel Market’s Growth

The water meter market is projected to attain rise at a healthy CAGR during the coming few years. Growing concern toward water management, need to reduce cost of operation and rise in number of consumers are some of the prominent factor expected to boost the global water meter market in the coming few years.

In addition to this, rising integration of advanced technologies such as Internet of Things and automation in the water meters are some other factors which are expected offer several lucrative prospects to the growth of the water meter market. The accuracy of this equipment and controlled, monitored and transparent billing methods offered by these meters are boosting the consumer’s demands.

Further, players in the water meter market are increasingly integrating several advanced sensors and monitors with the water meter that offers additional data such as water velocity, quality and water flow rate. This is helping industry players efficiently manage water throughout the operation. These factors are driving the growth of the global water meter market.

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Moreover, ultrasonic meters have a longer life span, and they are able to transmit real-time data using communication network connectivity; the data is analyzed by meter data management systems or central monitoring software platforms.

Lack of Governmental Support to Impede Growth

Despite several advancements and growth in the water meter market is likely to suffer from factors such as lack of sufficient financial infrastructure and lack of governments support in developing countries, as per a recent report by World Water Development Report, on an average 480 million people in Asia suffer from water scarcity.

Semiconductor Etch Equipment Market Competitive Dynamics & Global Outlook 2026

An etch system shapes thin film into the desired patterns using the liquid chemicals, reaction gases or the ion chemical reaction. An etch system is being used in the manufacturing lines for the semiconductors & other electronic devices. Semiconductor wafers are being commonly defined by speed of the device, small line width & spacing between the transistors. Photovoltaic cells are being defined by their efficiency in converting the light into the electricity and cost/watt.

Processing semiconductor wafers & photovoltaic cells requires the deposition of materials for the purpose of creating semiconductor junctions, interconnection of the layers and etching of the photo-resist & line edges. Specifically controlling temperature of deposition and etch processes is very critical to measure the performance of device and increasing product yield. The growth of semiconductor etch equipment market is highly reliant on the growth of semiconductor wafer processing and wafer deposition industry.

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Rapid technological advancements and transition in the wafer etching and deposition is acting as a major growth driver for the semiconductor etch equipment market. Therefore, the growing capital spending on wafer polishing using slurry on different wafer sizes is also one of the key factor anticipated to catalyze the growing demand of semiconductor etch equipment market during the forecast period. In addition, continuously rising awareness for the purpose of meeting the quality standards also anticipated to increase the demand of semiconductor etching equipment in the upcoming years. In turn this is also projected to affect the semiconductor etch equipment market in a positive manner during the forecast period.

In spite of many driving factors, the semiconductor etch equipment market is expected to show a shrink and fluctuation in growth rate because of the complexity of the technology transition. The rising militarization of the wafers for diversified applications in consumer electronics is going to create significant opportunity for semiconductor etch equipment market in the coming years. Apart from that the growth of usage of lithography system in wafer inspection related optimization is also acting as an opportunity factor for the semiconductor etch equipment market in the forecast period.

The global semiconductor etch equipment market has been segmented on the basis of product type, etching film type, end users and geography. Based on the product type, the semiconductor etch equipment market has been segmented into two categories they are high density etching equipment and low density etching equipment. Based on the etching film type the semiconductor etch equipment market has been segmented into three categories those are dielectric etching, conductor etching and polysilicon etching. Based on end users the semiconductor etch equipment market has been segmented into four categories those are foundry, memory manufacturers, IDMs and others.

Moreover, this report also provide cross functional analysis of all the above mentioned segment across different regions such as Europe, North America, Asia Pacific, Middle East and Africa and South America. By end users, the foundry segment is expected to capture fastest growth rate in the forecast period. Geographically, the global semiconductor etch equipment market is mainly driven by APAC region. Advent of wafer etching & deposition and higher concentration of semiconductor equipment manufacturers are driving the market of APAC region.

Some of the leading players operating in the semiconductor etch equipment market includes Applied Materials Inc., Hitachi High Technologies America Inc., Lam Research Corporation, Advanced Dicing Technologies, EV Group, Orbotech, Panasonic Corporation of North America , Delphi Laser among others.

Collagen Market-By Source (Pig, Poultry, Cow, and Marine), By Product (Natural, Hydrolyzed and Gelatin), By Application (Cosmetics, Healthcare, Food and Beverage), and By Region-Forecast 2022-2031

SDKI Inc. published a new report on the collagen market on January 25, 2022.  This study includes the statistical and analytical approaches ...