Storage Water Heater Market Report: Top Companies, Trends and Future Prospects Details for Business Development

 

• A storage water heater consists of a cylindrical vessel that keeps water constantly hot and readily available for use. It is available with different energy sources which includes gas, electricity, solar, and oil. Storage water heaters driven on gas are most commonly used in North America and Europe. Installation of solar operated storage water heaters are projected to increase rapidly in the near future as it is less expensive as compared to any other source of energy. 

Rise in trend of using of solar energy driven storage water heaters projected to be a driving factor

• Increase in trend of using solar energy operated storage water heaters in various parts of the globe is projected to be a major driving factor for the storage water heater market during the forecasted timeline. Solar driven storage water heaters are considered highly energy efficient, low cost, and advance in terms of technology. This is expected to create lucrative opportunities for storage water heater manufacturers and distributors during the forecast period. 

Strict rules and regulations imposed by federal governments of various countries regarding energy efficiency to drive the demand for storage water heaters

Stringent regulations & standards imposed by federal governments of various countries (majorly in Europe) related to the energy efficiency of electrical appliances is projected to increase the demand for storage water heaters during the forecast period. Strict standards & provisions implemented in terms of installation of heating systems in commercial and industrial places are anticipated to create significant business opportunities for producers and suppliers of storage water heaters in the near future.

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North America Considered to be the Largest Market for Storage Water Heaters

• Geographically, the global storage water heater market can be divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America
• North America accounted for major share of the global storage water heater market in 2018. The market in North America is anticipated to grow at a moderate rate during the forecast period due to rise in demand for energy-efficient storage water heaters in countries such as the U.S. and Canada.
• The market in the Asia Pacific is anticipated to expand at a significant growth rate during the forecast period due to rapid increase in industrialization and increase in demand for water heating systems in China, India, Japan, and other Southeast Asian countries. This is expected to surge the demand for storage water heaters in the Asia Pacific market. 

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Key Players Operating in the Storage Water Heater Market

Prominent storage water heater companies are anticipated to face healthy competition during the forecast period. Manufacturing companies such as A. O. Smith, Bosch Thermotechnik GmbH, Siemens, and Hubbell Electric Heater Company are focusing on research & development activities to advance the processing of storage water heaters in terms of technology etc. Replacement of conventional water heating systems is increasing in developing countries of the globe. Some of the key players operating in the global storage water heater market include:

• O. Smith
• Ariston Thermo SpA
• Bosch Thermotechnik GmbH
• Bradford White Corporation
• ECOTHERM Austria GmbH
• Hubbell Electric Heater Company
• Rinnai Corporation.
• Siemens

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COVID 19 Impact on Global Smart Sensors Market Report Top Manufacturers

Sensors have emerged as a standout amongst the most significant and broadly utilized segments in different applications. The surging demand for efficiency and performance has prompted the popularity of smart sensors. 

These sensors depict a noteworthy advancement over the traditional sensors, as they empower the automatically generated information about the environment, with fundamentally lower mistake rate. 

The rising use and emergence of internet of things (IoT), combined with expanding automation in automobiles and smart wearable frameworks for keeping a check on healthcare, is relied upon to enlarge the development of the smart sensors market in the forthcoming years. 

Also, the administrations over the world are filling market development, because of positive guidelines and policies for remote organizations to contribute, which is relied upon to impel the market development. 

Smart Sensors Market: Novel Development 

• March 2018 - Honeywell released Amazon Alexa voice-based indoor regulator for hotels. Honeywell's INNCOM e7 Thermostat (e7) is the primary industry-level eco-friendly and energy control solution that joins Amazon Alexa voice control for an easy visitor experience that incorporates room temperature, lighting, drapery, and pleasantries administrations. 

• Feb 2018 - Honeywell declared its most recent smart building innovation, which interfaces building work force to data analytics to carry out operational upgrades and efficiencies. 

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The smart sensors market is highly competitive, with the emergence of numerous international and regional players in the market. The real players are following systems like item advancement, mergers, and procurement to extend their span and hold their market position. The leading players in the global smart sensors market are ABB Ltd, Honeywell universal, GE, Analog Devices Inc., among others. 

Global Smart Sensors Market Dynamics 

Need for Reliable Sensors to Propel Growth in Global Market 

A smart temperature sensor is an incorporated framework comprising of a biased circuitry, temperature sensor, and a analog to digital converter(ADC). A temperature sensor estimates warmth to guarantee that a procedure remains inside a particular range, giving safe use of the application or meeting a vital condition when managing hazards, high heat, or out of reach measuring points. 

The interest for dependable, superior and minimal effort sensors is expanding, in this manner prompting the improvement of new advances, for example, nanotechnology and microtechnology. 

The small size, minimal effort, and convenience have driven the sensors to have across the board usage in different ventures, for example, medical, residential, automobile, food processing, chemical, and environmental. 

Temperature sensor discovers its essential use in smart thermostat that falls under smart home gadget. The general demand for smart homes is estimated to develop quickly, attributable to solid purchaser intrigue, gradual industrial advancements, and more noteworthy openness. 

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Rising Demand for IoT to Propel Demand in North America Smart Sensors Market 

North America is relied upon to lead the smart sensors market in the span of upcoming years, inferable from the developing interest for IoT and Smart homes. 

Smart sensors, for example, the ones installed for temperature, smart parking, location, and humidity check, are basic segments to manufacture a smart city, wherein the United States is constantly improving computerization and consolidating advanced development. In view of various measurements, including LED streetlights, sustainable power source, smart meters, and smart stopping, Chicago, Los Angeles, and New York are the smartest urban communities in the nation. 

The Chicago government in 2017, was planning to supplant 270,000 road lights with energy-effective related items, which are relied upon to move the development of the smart sensor market in future in the nation. Furthermore, Michigan, Florida, and Miami are probably going to have the delivery of V2X innovation (vehicle to everything) in 2018, requiring smart sensors to set up a correspondence between vehicles, subsequently, pushing the use of the item.

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Engine Collet Market: Leading Segments and their Growth Drivers 2020-2030

 

• An engine collet is a holding device that is attached through the spring retainer to the valve and placed in between the valve springs and the valve. Collets have a cylindrical inner surface and have an external sleeve, while the outer surface is conical in shape.

Key Drivers of Engine Collet Market

• Rise in demand for fuel-efficient and high performance vehicles across the globe is likely to boost the engine collet market across the globe. Rise in disposable income and reduction in tax rates on passenger and commercial vehicles due to the coronavirus pandemic are prompting consumers to buy a new vehicles. Major vehicle manufacturers are reducing the weight of their vehicles to comply with engine emission norms and to enhance fuel efficiency of their vehicles. This is likely to boost the demand for lightweight engine collet, which in turn is anticipated to propel the engine collet market across the globe.
• Rising government initiatives for the reduction of vehicle emissions across North America and Europe is projected to fuel the use of better quality collets in vehicle engines across these regions, which in turn is likely to boost the engine collet market in these regions

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Europe & Asia Pacific to hold significant share of global engine collet market

• Europe is projected to account for a significant share of the global engine collet market due to stringent rules and regulations regarding vehicle emission norms enacted across the region. Europe has presence of major original equipment manufacturers as well as tier-1 suppliers who have major facilities that undertake research & development regarding the engine collet, which is likely to propel the engine collet market across the globe.
• Followed by Europe, Asia Pacific is projected to account a significant share of the global engine collet market due to an increase in sale of vehicles across the region. Rising demand for fuel-efficient vehicles across Asia Pacific is likely to drive the engine collet market in the region.
• The COVID-19 pandemic has hit businesses on an unprecedented scale and speed across the globe. It has caused the closure of businesses, stoppage of factory outputs, and disruption to global manufacturing industries and their supply networks, which is likely to restrain the engine collet market in Europe and Asia Pacific.

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Key Players Operating in Engine Collet Market

The global engine collet market is expanding consistently, as a large number of players operate in the market. A few of the key players operating in the engine collet market are:

• Tenneco Inc.
• Renex Valves
• Federal Mogul LLC
• MAHALE GmbH
• Andreas Maier
• Rego-Fix Ag
• Helmut Diebold GmbH & Co
• MariTool Inc.

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Luxury Coaches Market: Factors Helping to Maintain Strong Position Globally 2020-2030

 

• Luxury coaches are chartered buses that possess features or amenities not provided in ordinary or conventional buses. Moreover, these coaches are employed for intercity or interstate travel.
• Market for luxury coaches is well-developed, and the demand for luxury coaches is rising consistently owing to an increase in development for road infrastructure and expansion of the road transport industry across the globe

Key Drivers of Luxury Coaches Market

• Market for luxury coaches is primarily expanding due to an increase in the demand for sightseeing and interstate travel. Luxury coaches are integrated with amenities and hence, are as comfortable as a personal vehicle.
• Change in lifestyle of people due to an increase in spending capacity has driven the demand for luxury coaches. Additionally, a rise in the demand for motorhomes in Europe is anticipated to drive the market for luxury coaches.
• Public transport services are anticipated to expand at a notable pace in the near future in order to promote sustainable development, which in turn is likely to draw more attention of travelers toward luxury coaches.
• A large number of independent players across the globe provide a customized interior for luxury coaches at a reasonable price, owing to the presence of a significant amount of competitors in the market
• Economic expansion and reforms across the globe have fueled the purchasing power of a large group of society in most countries. Consequently, spending on luxury and leisure has been consistently increasing and has been a key reason for higher preference toward luxury coaches instead of regular buses.
• Increase in preference for luxury coaches among people has prompted key industry players to invest and manufacture in higher quantity. Additionally, manufacturers have rolled out semi-luxury coaches, which has been a rapidly expanding segment due to lower service charges, as compared to that incurred by luxury segments. Moreover, these coaches are equipped with similar features.
• Hospitality services have been expanding at a notable pace since 2011, and the competition among major players has been increasing. Players in the hotel and hospitality services industry have been a key consumer for luxury buses and coaches.

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Asia Pacific is anticipated to dominate global utility truck market

• In terms of region, the global utility market can be segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. Asia Pacific held a major share of the global luxury coaches market in 2019, followed by Europe, owing to the high production of luxury buses and increasing preference for luxury coaches over conventional buses in the region. Moreover, presence of leading manufacturers in both regions has been a key factor contributing to the higher production. In Asia Pacific, availability of large production facilities and large consumer base has attracted investment by leading manufacturers in the region.
• The global COVID-19 pandemic has significantly affected the supply and demand side of the market owing to disruptions in the tour and travel sector, which has been a major consumer for luxury coaches. Additionally, the production is anticipated to remain slow until 2021, due to low demand in the market.
• Presence of major luxury coach manufacturers, such as Volvo AB, Daimler AG, Toyota Motor Corporation, SCANIA AB and Volkswagen AG, in Asia Pacific and Europe led the regions to hold a prominent share of the global market. The global luxury coaches market is anticipated to expand during the forecast period, owing to an increase in various regulations for promotion of public transportation services and development of advanced transportation services for smart cities.

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Key Players Operating in Luxury Coaches Market

The global luxury coaches market is well organized; however, it comprises a few leading manufacturers. Some key manufacturers operating in the luxury coaches market are:

• AB Volvo
• BYD Motors, Inc.
• Daimler AG
• ARBOC Buses,
• CNH Indisutrial N.V.
• Federal Coach
• Forest River
• Isuzu Motors Ltd.
• Kamaz

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Automotive Transaxle Auxiliary Drive Unit Market: Consumption, Sales, Production, and Other Forecasts 2020-2030

 

• An automotive transaxle auxiliary drive unit comprises components that help drive the vehicle. Integration of these units in vehicle is expected to increase at notable price during the forecast period. Major vehicle manufacturers introduced the transaxle auxiliary drive units in their vehicles to enhance vehicle performance, which is anticipated to propel the automotive transaxle auxiliary drive unit market across the globe.

Key Drivers of Automotive Transaxle Auxiliary Drive Unit Market

• Rise in demand for vehicle electrification across the globe, due to enactment of stringent emission norms in order to reduce the emission of harmful gases from vehicles, is likely to boost the automotive transaxle auxiliary drive unit market across the globe. Rise in consumer trend toward reducing the weight of the vehicle, owing to the demand for enhanced vehicle performance, is anticipated to boost the automotive transaxle auxiliary drive unit market across the globe.
• Increase in government investment to boost production of electric vehicles across the globe is likely to fuel the automotive transaxle auxiliary drive unit market across the globe. Major vehicle manufacturers are trying to enhance the power output of their electric vehicles, which is likely to boost the automotive transaxle auxiliary drive unit market across the globe.

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Europe & Asia Pacific to hold significant share of global automotive transaxle auxiliary drive unit market

• Europe is projected to hold for a major share of the global automotive transaxle auxiliary drive unit market due to a rise in the demand for vehicles across the region. Europe has presence of major original equipment manufacturers as well as tier-1 suppliers, including Denso Corporation and Robert Bosch GmbH who have major facilities that undertake research & development on the transaxle auxiliary drive unit, is likely to propel the automotive transaxle auxiliary drive unit market across Europe.
• Followed by Europe, Asia Pacific is projected to hold a significant share of the global automotive transaxle auxiliary drive unit market due to an increase in vehicles across the region. Rapid expansion of manufacturing industries across the region is likely to propel the automotive transaxle auxiliary drive unit market in Asia Pacific. Major vehicle manufacturers across the Asia Pacific are investing in the expansion of their transmission business, which in turn is anticipated to boost the automotive transaxle auxiliary drive unit market in the region.

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Key Players Operating in Automotive Transaxle Auxiliary Drive Unit Market

The global automotive transaxle auxiliary drive unit market is expanding consistently, as a large number of players operate in the market. A few of the key players operating in the automotive transaxle auxiliary drive unit market are:

• Robert Bosch GmbH
• Aisin Seiki
• ZF Friedrichshafen AG
• Hitachi Automotive Systems Ltd
• Magna International
• Denso Corporation
• Mando Corporation
• Schaeffler AG
• BorgWarner Inc.
• Allison Transmission Inc.

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Automotive Adhesive Market: Verified Value and Volume Forecasts up to 2030

According to the report, the global automotive adhesive market is projected to surpass US$ 7 Bn by 2030, expanding at a CAGR of ~5% during the forecast period, owing to increasing usage of adhesives in vehicles to achieve lightweighting and higher fuel economy. A car in the 1990s contained around 22 pounds of adhesives, which has presently increased to about 33 to 39 pounds.

Expansion of Automotive Adhesive Market

Adhesives have been utilized for bonding metal sheets in vehicles for over 40 years. Increasing trend of aerodynamic bodies and flatter designs to create minimal wind resistance have led to the usage of adhesives, as opposed to conventional spot welding. Decline in the number of welding points and increased use of adhesives in structural bonding are likely to boost the global automotive adhesive market during the forecast period.

Vehicles manufactured with adhesives are more cost-effective and safe as compared to their welded counterparts. Welding, bolting, or riveting impact the rigidity of assembled parts, the use of adhesive acts as a buffer and absorbs high energy. Increased demand for safer vehicles among consumers and competition among automakers to achieve higher safety rating are driving the global automotive adhesive market.

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Based on adhesive type, the structural segment held a leading share of the global automotive adhesive market in 2019. Adhesives have been widely adopted for gluing structural components and panels to lower the vehicle weight and improve stability and safety. The threadlocks & retainers segment is anticipated to expand at a high growth rate during the forecast period, as they are cost-effective and prevent corrosion, leakage, and loosening of fasteners/bolts/screws.

In terms of vehicle type, the passenger vehicle segment held a leading share of the global automotive adhesive market, owing to the higher production volume of cars and high usage of adhesives in cars to achieve interior esthetics, lightweighting, and to lower vehicle noise and vibrations.

Regional Analysis of Automotive Adhesive Market

In terms of region, the global automotive adhesive market has been segregated into North America, Europe, East Asia, South APAC, Middle East & Africa, and Latin America. Asia Pacific held a leading share of the global automotive adhesive market in 2019. High production of vehicles in China, Japan, and India led to the dominance of Asia Pacific in the global automotive adhesive market. Europe and North America held a prominent share and the market in these regions are anticipated to expand at a steady pace post recovery from the COVID19-induced auto recession.

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Key Players of Automotive Adhesive Market

Prominent players operating in the global automotive adhesive market include Henkel AG & Co., KGaA, Arkema S.A., DuPont, Hunstman International LLC, Sika AG, Jowat SE, Dow Inc., 3M, Ashland, H.B. Fuller Company, and Franklin International.

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Truck-as-a-Service Market: Top Challenges to Face in 2020-2030

According to the report, the global truck-as-a-service market is projected to surpass US$ 99.2 Bn by 2030, expanding at a CAGR of ~26% during the forecast period. Increased trend of online shopping is a major factor driving the road transportation for delivery of goods, which is likely to boost the truck-as-a-service market across the globe. Moreover, rise in penetration of advanced technologies in commercial vehicles, which helps to enhance the safety of drivers and avoid breakdown of vehicles, is anticipated to boost the truck-as-a-service market across the globe. Investments by various governments across the globe in fast movable consuming goods (FMCG) is likely to offer significant opportunities for truck transportation service providers, which in turn is estimated to boost the truck-as-a-service market.

In addition, rise in adoption of technology in transportation, including next-gen global positioning, helps to track vehicle location. Modern GPS business solutions enable constant two-way communication and boosts transparency between owner and driver, which propels the truck-as-a-service market. A GPS vehicle tracking system is automated and provides real-time updates on a remote device. This helps in quick decision-making, which is likely to augment the truck-as-a-service market across the globe.

Expansion of Truck-as-a-Service Market

The change in trade policies by the Trump Administration, such as withdrawal of trade agreement with South Korea and continuous fluctuation on tariff on import and export to China, is likely to keep the market volatile during the forecast period. Surge in trade volume owing to rising bilateral trade among countries is projected to boost the truck-as-a-service market during the forecast period. China witnessed a surge in both general trade volume and proportion, escalating to 15.66 trillion Yuan. China trade volume accounted for 56.4% of total foreign trade. Major trading partners of China are the U.S., the European Union, and ASEAN. Exports of China to the U.S. further rose by 15.2% year-on-year.

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Based on service type, the truck-as-a-service market has been segmented into digital freight brokerage, platooning, digital retailing, telematics, business analytics, and blockchain. Telematics service is likely to be a highly lucrative segment during the forecast period. This is primarily due to technological developments, including connected vehicle, live traffic updates, and global positioning system, which is likely to propel the truck-as-a-service market across the globe.

In terms of end-use industry, the FMCG segment dominated the market, owing to the rise in low cost goods transportation across the globe. Various governments across the globe are trying to invest in the FMCG segment due to increase in the coronavirus pandemic across the globe. Rise in developments in transportation management system, payment gateway integration, and customer management boost the FMCG segment, which in turn is estimated to propel the truck-as-a-service market across the globe.

Regional Analysis of Truck-as-a-Service Market

In terms of region, the global truck-as-a-service market has been segregated into North America, Europe, East Asia, South Asia, Middle East & Africa, and Latin America. North America dominated the global truck-as-a-service market in 2019. It is anticipated to hold a significant share during the forecast period due to expansion of logistics and warehouse industries, and production plants across North America. Followed by North America, Europe also held a major share of the truck-as-a-service market due to the expansion of the e-Commerce industry and consumer trend toward online shopping, which in turn is likely to boost the truck-as-a-service market across the globe.

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Key Players

Prominent players operating in the truck-as-a-service market include Daimler AG, MAN Trucks, Nikola Corporation, Fleet Advantage, Trimble Transportation Enterprise Solutions Inc., Traton SE, Tata Motors., Scania AB, PACCAR Inc., and Navistar International.

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