Power Bank Market Analysis And Forecast To 2027

According to a new market report published by Transparency Market Research titled “Power Bank Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027,” the global power bank market is expected to reach a value of US$ 15,994.6 Mn by 2027. The market is estimated to expand at a CAGR of 6.5% during the forecast period from 2019 to 2027. Based on volume in units, the market stood at around 376.7 million units in 2018. In terms of region, Asia Pacific acquired greater share in the power bank market in 2018.

Asia Pacific is one of the biggest manufacturing hubs of electronic devices such as Bluetooth speakers, smartphones, iPads, etc. Manufacturers such as Mi-Corporation manufacture several devices such as smartphones and wireless earphones along with the power banks. Presence of such players in the region who provide cost effective products help consumers to demand power banks. India and China are the two prominent countries in the region with huge population. Growth in smartphones has fueled the growth in demand for power banks.

Rise in demand for easy and convenient charging options has helped global manufacturers to innovate with the product and to make lightweight and high charging capacity power banks. The development of smart devices has helped in driving demand for power banks. Innovations by manufacturers have also led to increased demand for the product. However, smartphones having high capacity batteries and efficient chipset in the device is the restraint which can affect the demand for power banks.

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Based on product type, portable power banks dominated the market in 2018 and were valued at US$ 4,152.4 Mn at a CAGR of 6.4%. The dominance of this segment was due to easy to carry power source coupled with wide availability. In terms of power rating, the 5,000 mAh – 12,000 mAh segment dominated the market in 2018 due to more consumer acceptance at an affordable price.

Based on battery type, lithium ion battery dominated the market in 2018 due to its durability and easy availability. By port type, power banks having type C charging port has the highest market share due to wide popularity of Type C charger among manufacturers as well as consumers. Based on application, the smartphone segment dominated the market due to growing demand for smartphones worldwide. Electric source of charging dominated the market in 2018 due to the more convenient option for charging power banks and easy accessibility to electricity as compared to other segments.

By distribution channel, the offline segment dominated the market due to preference of customers to check and compare the products physically. By region, the market in Asia Pacific is forecasted to expand at a high growth rate due to focus on more cost effective solutions. Consumers in China, India, and Thailand prefer buying low cost power banks.

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Prominent players in the power bankmarket include GP Batteries International Ltd, EasyAcc.com, Inc., Maxell Holdings, Ltd., Anker Technology Co. Limited, Braven LC – INCIPIO Technologies, Inc., IEC Technology, LLC, Apacer Technologies, Inc., Panasonic Corporation, Mophie, Inc, RavPower, MiPow Limited, Samsung Electronics Co., Ltd., Goal Zero Corporation, Sony Corporation, and Xtorm.

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Portable Fire Extinguisher Market 2020 Analysis Of Key Players - Research Forecasts To 2027

A new market report published by Transparency Market Research titled, 'Portable Fire Extinguisher Market [Agent Type: Chemical & Powder Based, Water & Foam Based, CO2 Based, Metal Based, and Others; Fire Type: Class A, B and C, Class A and A&B, Class B&C or B, Class D, and Others; End-user: Residential, Commercial & Industrial, and Others; Distribution Channel: Online and Offline] – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027.

Global Portable Fire Extinguisher Market - Overview

• The global portable fire extinguisher market is expected to reach a value of around US$ 73,000 Mn by 2027, expanding at a CAGR of nearly 4% from 2019 to 2027.
• In terms of volume, the global portable fire extinguisher market is expected to reach nearly 270,000.0‘000 units by 2027, expanding at a CAGR of nearly 4% during the forecast period.
• Across the world, sustained government initiatives are increasing awareness about the benefits of portable fire extinguishers among the general public. Portable fire extinguishers are almost mandatory in commercial buildings across the world.
• The Asia Pacific portable fire extinguisher market is a prominent market, followed by North America and Europe.       

Global Portable Fire Extinguisher Market - Driving Factors

• Rise in both, commercial and residential construction, is increasing the demand for fire extinguishers, which subsequently is increasing the demand for portable fire extinguishers.
• In various countries across the world, the installation of portable fire extinguishers is mandatory as per government regulations. Increase in commercial establishments, factories, manufacturing plants,warehouses, etc., are increasing the demand for commercial & industrial portable fire extinguishers.

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Morita Group is a portable fire extinguisher manufacturer based in Japan. As per its investor presentation dated May 9, 2019, the demand for portable fire extinguishers is expected to rise, as the installation of fire extinguishers becomes mandatory in small-scale restaurants in Japan.

• In various countries, transportation vehicles carrying inflammable and hazardous substances are mandated to carry portable fire extinguishers as per law.
• As per the Health and Safety Executive (HSE) of the U.K. Government as per ADR regulations, vehicles weighing 3.5 tons need to carry a minimum portable dry powder fire extinguisher of 2 kg and additional 2 kg. Vehicles weighing between 3.5 tons and 7.5 tons need to carry an 8 kg dry powder portable fire extinguisher. Vehicles weighing over 7.5 tons need to carry a portable fire extinguisher of total 12 kg. The rise in the number of transportation vehicles across the world is increasing the demand for portable fire extinguishers.

Global Portable Fire Extinguisher Market - Key Challenges

• A portable fire extinguisher, when used even partially, is useless for all subsequent fire scenarios.
• These fire extinguishers need to be refilled after use.
• Generally, there is a law in major countries across the world to check the quality of a portable fire extinguisher if it is unused for a period of time. If it is found that the portable fire extinguisher is unfit for future use, it must be refilled.
• All these factors restrict the penetration and growth of fire extinguishers in the global market.

Global Portable Fire Extinguisher - Market Preference

• In terms of agent types, portable fire extinguishers using chemical & powder agents are the most widely used, and hold a prominent share. Dry chemical portable fire extinguishers are one of the most widely used.

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• In terms of fire type, fire extinguishers of Class A, B, and C (that are effective against fire types A, B, and C) are the most widely used and hold a large market share.
• North America is the second-largest portable fire extinguisher market, both, in terms of value and volume.
• As per the U.S. Fire Administration (USFA), the number of fires in the U.S. were 1,319,500 in 2017.
• The number of fire related deaths in the U.S. increased from 3,320 in 2008 to 3,400 in 2017, an increase of 9.6%. In the U.S., economic loss due to fire increased from US$ 17.6 billion in 2008 to US$ 23.0 billion in 2017, an increase of 12.0%.
• From these facts, it is evident that, the demand for portable fire extinguishers is increasing in the U.S., and is expected to increase in the future too. Canada is the second-largest portable fire extinguisher market in North America.
• Europe is the third-largest market for portable fire extinguishers, both, in terms of value and volume.

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Aircraft Ignition System Market 2020 with (Covid-19) Impact Analysis: Growth, Latest Trend Analysis and Forecast 2026

According to a new market report published by Transparency Market Research entitled “Aircraft Ignition System Market–Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,” the global aircraft ignition system market was valued at US$ 1,862.8Mn in 2017 and is expected to expand at a CAGR of 5.8% from 2018 to 2026, reaching US$ 3,073.6 Mn by the end of the forecast period. This market growth can be attributed to the increasing number of aircraft deliveries across the globe arising out of increase in air traffic.

Increasing number of aircraft deliveries across the globe to fuel market growth

One of the prominent reasons for the growth of the aircraft ignition system market is the spike in the number of aircraft deliveries across the globe. According to the General Aviation Manufacturers Association (GAMA) and Market Outlook Report by Boeing, aircraft deliveries of new airplanes is estimated to grow over 30,000 in the next couple of years. Furthermore, the increasing adoption of advanced technologies in aircraft ignition systems is assisting market growth across the globe.

Replacement of traditional Magneto Ignition Systems with Electronic Ignition Systems by key players a prevalent trend across regions

The key trend prevalent in the aircraft ignition system market is the replacement of traditional magneto ignition systems with electronic ignition systems. The traditional magneto ignition systems have enjoyed a greater market share during the last couple of decades. However, aircraft engine requirements are changing rapidly due to the advancements in aircraft technology. The new age electronics ignition systems offer compact form factor and better fuel efficiency in addition to increased reliability and reduced maintenance cost which is leading to its increased adoption.

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Turbine segment to be the major revenue generating segment in 2026

Based on engine type, the market has been segmented into turbine engine and reciprocating engine. In 2017, the turbine engine segment garnered a greater revenue share and is expected to expand at a higher CAGR of 5.8% over the forecast period.  This growth can be attributed to the widespread use of turbine engines owing to their high performance and low maintenance cost.

Spark plugs to demonstrate an impressive growth rate over the forecast period

Based on components, the market has been divided into igniters, exciters, leads, spark plugs, and others. The exciters segment commanded major revenue share in 2017 due to its high price. This growth can be attributed to the frequent replacements of spark plugs.

Asia Pacific to be the fastest growing region due to increased air traffic

In terms of global geography, the market has been divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. In 2017, Europe was the topmost revenue generating region followed by North America. The market in Asia Pacific is expected to grow at the highest CAGR from 2018 to 2026 owing to the increase in air traffic which is eventually leading to increase in the number of aircraft deliveries in the region.

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Key players in the market focusing on research and development of innovative and technologically advanced products to gain competitive edge

Key players in the market are focusing on research and development activities for the introduction of innovative products into the market. This will help them gain a competitive edge and improve brand positioning in the aircraft ignition system market. The key players profiled in the global aircraft ignition system market include Electroair, Generation 3 Ignition, Meggitt PLC, Sky Dynamics Corp., SureFly Partners, LTD., TransDigm Inc. (Champion Aerospace Inc.), Unison LLC, and Woodward, Inc, among others.

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Carbon Dioxide (CO2) Laser Market Trends and Forecast to 2026

Laser action in a Carbon Dioxide (CO2) molecule was first demonstrated by Kumar Patel in Bell Laboratory in 1964. The Carbon Dioxide (CO2) lasers can be operated in radio frequency range by using AC current or DC current. Due to its high drive voltages and current, CO2 laser is considered to be hazardous. Additionally, during the year of 1984, the CO2 lasers reliability has been approved by the U.S. Food and Drug Administration (FDA). Globally, CO2 lasers are used in different end use industries which includes automobiles, manufacturing, military and healthcare among various other.

This is mainly due to CO2 lasers has various efficient characters such as performance, high output power, compact size, and durability among others, which have also proven to be very useful tool for different application. Last couple of years, growing demand for research & development activities in medical application have tremendously increased the scope and applicability of CO2 lasers. The range of dermatological applications of the CO2 laser is expected to continue to increase in the future. Furthermore, CO2 lasers are used in multiple medical application which includes dermatology and surgery worldwide. The global CO2 laser market is estimated to witness a stable growth during the projection period, from 2018-2026.

Technological advancement in CO2 laser technology have meant greater precision and smaller spot sizes for laser surgery, and more flexibility in tip sizes and protocols for fractional CO2 laser treatment. Global CO2 laser market has been segmented on the basis of laser type, end use industry and geography. On the basis of laser type, the CO2 laser market has been segmented into flowing CO2 gas lasers, sealed off CO2 laser and transverse flow CO2 gas lasers among others. In coming years, flowing CO2 gas lasers segment is expected to grow at a high CAGR rate. On the other hand, in 2017 flowing CO2 gas lasers and sealed of CO2 lasers hold the major share in global CO2 laser market.

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Based on end use industry, the CO2 laser market has been bifurcated into automotive, military & defense, manufacturing and healthcare among others. In 2017, healthcare and manufacturing segment hold the major share in the CO2 laser market. These applications are expected to maintain their dominance during the forecast period.  However, in coming years, healthcare segment is anticipated to grow at a highest CAGR rate. This is mainly due to, rising application and increasing use of CO2 laser technology in healthcare applications will further drive the market growth during the forecast period. On the flip side, availability of other substitute’s inspection product in compare with lower price is anticipated to hinder the growth of this product market in coming years.

Geographically, CO2 laser market is segmented into North America, Europe, Asia Pacific, Middle- East and Africa and South America. The growth in demand for automotive and manufacturing welding and cutting is majorly driven by Asia Pacific. In addition, Asia Pacific is predicted to witness the most auspicious market in the coming years, owing to increasing number of automotive and consumer electronic device manufacturers are continuously focusing to expand their operation and manufacturing units across the different part of Asia Pacific.

Cumulative emphasis on research and development happenings by government initiative in robotics industry is also acting as a key factor in the growth for Asia Pacific market. Across the globe most promising and developing countries in North America to dominate the second market share within next forecast period. Asia pacific region is expected to be the fasted growing market for this product due to rapid industrialization and increasing adoption of new technologies across different end use industry vertical.

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This report explores the major global industry players in detail. Major companies operating in the global CO2 laser market are Coherent Inc. (The U.S.), SYNRAD (Europe), Directed Light Inc. (The U.S), GSI Group Ltd. (The U.S), SPECTRAL (Europe), Edinburgh Instruments Ltd. (The U.K.) Han's Laser Technology (China), LightScalpel (The U.S.), Kern Technologies, LLC. (The U.S.) And Lumenis Ltd. (Israel) among others.

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Radio Frequency Identification Market 2020 with (Covid-19) Impact Analysis: Growth, Latest Trend Analysis and Forecast 2027

The global radio frequency identification market is predicted to observe substantial growth in the timeframe of analysis due to rise in demand for the technology for various purposes. The demand for radio frequency identification technology is likely to be driven by the rising demand for monitoring, tracking, and locating human beings and objects for resource optimization, safety, and security. The entire world is making a shift toward internet of things (IoT), sensor networks, and real time location system (RTLS), the global radio frequency identification market is likely to witness considerable growth over the tenure of assessment,

The radio frequency identification systems are set up in the industry and comprise three important elements, which are middleware, readers, and tags. The tags are estimated to comprise leading chunk of the market and are estimated to witness major developmental activities. Both active and passive tags are gathering momentum due to rise in the use of these products in many applications in the last few years.

Application, product, and region are the three important parameters based on which the global radio frequency identification market has been categorized. The sole aim of such segmentation is to offer a clearer and detailed view of the global radio frequency identification market.

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Global Radio Frequency Identification Market: Notable Developments

One of the developments that offer a glimpse of the market dynamics about the global radio frequency identification market is mentioned below:

• In January 2017, Zebra Technologies Company released Zebra Smart Sense RFID for use in the retail spaces in a bid to figure out and track the location of products, consumers, and associates in the stores in real-time.

Some of the prominent organizations in the global radio frequency identification market include the below-mentioned:

• Zebra Technologies Corporation
• RFID Global Solution, Inc
• NXP Semiconductors N.V
• Checkpoint Systems
• Applied Wireless
• Alien Technology

Global Radio Frequency Identification Market: Key Trends

The global radio frequency identification market is characterized by the presence of the following restraints, drivers, and opportunities.

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Augmented Use of Tags in the Healthcare and Retail Sectors to Trigger Market Demand

The major trends that are predicted to assist in the growth of the global radio frequency identification market are near field communication (NFC), asset tracking and payments, real-time intelligence, supply chain management, and automation. The governments have mandated the use of RFID tags so as to keep a track of the several industry products, such as data centers, livestock, and defense products. This factor is likely to propel growth of the global radio frequency identification market in the years to come.

Technological progress made in the ultra high frequency technology coupled with the convergence of radio frequency (RF) devices are predicted to play the role of a catalyst in driving demand for radio frequency identification technology in the near future. Besides, efficient use of memory, hybrid systems, and pre-printed tags are estimated to offer plethora of opportunities for the vendors in the market. This factor is predicted to shape the contours of global radio frequency identification market in the forthcoming years.

Global Radio Frequency Identification Market: Geographical Analysis

Driven by the extensive use of RF tags in healthcare as well as retail industries, North America is predicted to exhibit significant growth in the global radio frequency identification market in the years to come. Rise in the high volume shipments in the region, particularly in the US, in the last few years is expected to play a major role behind the growth of the market in the region.

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Marine Fuel Injection Market Trends, Regional Overview, Leading Enterprise Analysis and Key Forecast by 2027

Owing to a number of factors, marine fuel injection system is witnessing an upward growth curve. Some of these include demand for personal sailboats, and watercrafts, growth in seaborne trade, environmental concerns regarding shipping and expansion of fleet size. Besides, increase in purchasing power is leading to more goods bought and sold on the international front. This is expanding shipping, adding to market growth.

The global marine fuel injection market is set to chart an upward facing growth graph, owing to a stead CAGR (Compound Annual Growth Rate) between 2019 and 2027, helping the market accrue a higher worth by the end of the forecast period.

Global Marine Fuel Injection Market: Competitive Analysis

The global marine fuel injection market is witnessing numerous developments that are not just significant for players to take note of but also to understand how the market would operate over the coming years. An in-depth dive in can be had in our upcoming report.

The global marine fuel injection devices market is fragmented and prominent players in the market include Cummins Inc., Robert Bosch GmbH, Caterpillar Inc. Delphi Technologies, Yanmar Co. Ltd., Woodward, Inc., Suzuki Motor Corporation, MAN SE, Liebherr International AG, DENSO Corporation, Rolls-Royce Power Systems AG, OMT - Officine Meccaniche Torino SpA, Heinzmann GmbH & Co. KG, and others.

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Top tier players are focusing on improving their products to keep an edge over competitors. Thus, one of the areas that has the players hooked in order to maintain a steady hand on the market share is technological advancement.

Mid-size players, on the other hand, are moving playfield to developing economies as they allow for a strategic expansion, considering the regions will see growth in shipping and logistics.

Global Marine Fuel Injection Market: Key Trends and Drivers

Certain factors are shaping the growth curve for global marine fuel injection market. They are paving the way for how market would operate over the coming years. A glimpse is shared below.

• Shipping is one of the most cost effective mode of transportation for almost all goods one can think of. Besides, it is highly efficient. And, as rising disposable incomes create demand for shipping and that makes environmental and regulatory bodies kick into a super active mode, the market for marine fuel injection system is set to grow because with these regulations, fuel efficiency will gain center stage. As per International Maritime Organization it should be so much so as to reduce carbon emission by 10-20% for every ton of fuel used per kilometer. Additionally, to benefit from economies of scale, fleet expansion by many shipping companies is noted.
• Across the globe 90% of overseas trade is done via sea transport- once again owing to its cheap and efficient nature. And, as technological advancement couples with industrialization, sea-borne trade will see an upward swing over the forecast period. Thus, it comes as no surprise that manufacturers are focusing on advanced engine related technologies

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Global Marine Fuel Injection Market: Geographical Analysis

A considerable demand would arise from the Asia Pacific Excluding Japan (APEJ) region. The growth here is attributable to the region being big in terms of shipbuilding. Countries like India, Japan and China are known for shipbuilding. South Korea, in particular will generate massive demand – both in terms of value and volume) over the forecast period. Overall, the region will create lucrative growth opportunities. This will also be attributable to rise in commercial vessel and inland waterways vessel order book. Europe will also chart a notable CAGR. The region will witness significant growth in terms of value.

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Railcar Leasing Market Ongoing Trends and Recent Developments

 

• Railcar is a train that consist of single coach including carriage and car and is designed to transport goods. A service that provides these railcars on lease or on rent basis is called railcar leasing. It offers diverse carriage and cars for full-service or lease. The lease also includes tax and insurance charges, as well as other financial structures.
• Railcar leasing service can be utilized for transportation including metals and mining, oil & gas products and other products. Transportation through railcar is increasing due to growing industrialization, which is likely to boost the railcar leasing market across the globe.

Key drivers of Railcar Leasing Market:

• Rise in demand for petrochemical and gases transportation through railcar is likely to propel the railcar leasing market across the globe. Perishable food products that are being transported through refrigerated containers would be lucrative for the railcar leasing market. Rise in demand for perishable goods including seafood and pharmaceutical products, which are stored in a temperature controlled containers, is anticipated to boost the railcar leasing market across the globe.
• Intelligent railcars digitalize the railcar operations, which is connected across the entire supply chain, is likely to fuel the railcar leasing market across the globe. Integration of Internet of things (IoT) in railcars, which offers features such as digital assistance for loading and unloading and provides arrival notification, is estimated to boost the railcar leasing market across the globe. Enactment of stringent regulations regarding safety concerns about railcars, including DOT 117, across the globe is expected to propel the global railcar leasing market.

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Asia Pacific and North America to hold prominent share of global railcar leasing market

• Asia Pacific is projected to hold a major share of the global railcar leasing market due to growing investments by governments for development of transportation infrastructure projects related to railways across the region. Rise in petrochemical transportation is a key factor that is likely to propel the railcar leasing market in Asia Pacific.
• Followed by Asia Pacific, North America is projected to hold a significant share of the global railcar leasing market due to an increase in rail freight supply chains across North America. Expansion of railway network across North America is anticipated to further drive the railcar leasing market in the region. Key players are entering into partnerships with railcar manufacturers to manage lease and outsource fleets across North America, which in turn is likely to fuel the railcar leasing market in the region.

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Key Players Operating in Global Railcar Leasing Market

The global railcar leasing market is highly concentrated owing to the presence of top manufacturers. A few of the key players operating in the railcar leasing market are:

•  American Railcar Industries Inc.
•  Brunswick Rail Management Ltd.
•  CIT Group Inc.
•  GATX Corporation
•  Mitsui Rail Capital
•  The Greenbrier Companies
•  Trinity Industries Inc.
•  UNION TANK CAR COMPANY

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