Dynamic Positioning Systems Market: Competitive Dynamics & Global Outlook 2022

Dynamic positioning systems are computer driven system which automatically maintain a vessel’s heading and position with the help of its own thrusters and propellers. It allows a vessel to automatically maintain its balance. Vessels installed with dynamic positioning systems have ability to operate with reliability, positioning accuracy, and safety. Due to which, such systems have been successfully accepted worldwide across various industries and the international maritime organizations such as General Electric Co. and Marine Technologies LLC. However, the deployment of these systems might be restricted due to the previously installed subsea structures on the seabed.

But, for certain deep water production and exploration scenarios, dynamic positioning operated vessels might be the only viable solution due to the length and depth of mooring lines required.  Dynamic positioning system includes position reference sensors, combined with motion sensors, wind sensors, and gyrocompasses which provide information to the computer system about the position, magnitude and direction of environment forces in order to maintain vessels position and balance. The dynamic positioning system is also used in combination with mooring and anchoring to form position mooring systems for energy efficiency.

The dynamic positioning system market has been experiencing accelerated growth in recent years due to increase in number of dynamic position vessels like survey vessels, drilling ships, supply vessels, diving support vessels and many more. Moreover, technological improvement and usage of dynamic positioning vessels for offshore drilling by oil industries is also boosting the demand of dynamic positioning systems. But at the same time, lack of competent dynamic position operators and system complexity is restraining the market growth.

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In addition, installation and operation of a dynamic positioning system are major challenges restraining the DPS market growth.Application of dynamic positioning system in floating production storage and offloading vessel operations creates new opportunities to the dynamic positioning system manufacturer. It is also expected that advancements in the usage of condition-based monitoring systems as a part of vessel maintenance strategies would shape and influence the dynamic positioning system market.

The dynamic positioning systems market has been segmented by sub-system, by reference system, by equipment type, by application and by region. In terms of the equipment type, the dynamic positioning system market is segmented into equipment class 1, class 2 and class 3. The sub-system segmentation covers thruster systems, power systems, sensors and dynamic positioning control systems.

On the basis of reference system, the market is segmented into Artemis, taut wire, differential global positioning systemhydro acoustic position reference, and laser based systems. The market is also segmented on the basis of applications, such as merchant vessels, passenger ships, naval vessels, and offshore vessels. Based on the geographic regions, the dynamic positioning systems market is categorized into Latin America, Europe, Middle East and Africa, Asia-Pacific (APAC), and North America.

The increasing deep-sea excavations and the rising maritime trade with the Asia-Pacific and Africa regions is boosting the market growth. Moreover, safety operations across deep ocean waters during offshore oil and gas operations is accelerating the demand for dynamic positioning systems in Asia-Pacific region.

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Some of the key players in dynamic positioning systems market are Rolls-Royce PLC, Marine Technologies LLC, Kongsberg Gruppen ASA, L-3 Communications corp., General Electric Co.,NORR Systems Pvt. Ltd., Navis Engineering Oy, AB Volvo Penta, and Praxis Automation and Technology B.V.

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Smart Utilities Management Market Growth Trends and Competitive Analysis 2020-2026

The development in the customer model occurring through the ascent in decentralized power age frameworks, for example, Waste-to-Power, increases the developing significance of smartening a nation’s capacity network framework and Rooftop Solar PV advances.

The coming of smart urban communities and smart frameworks is likewise demonstrating as a noteworthy driver for smart utility management reception. Moreover, advancement in battery innovation is permitting littler gadgets with longer working occasions. Reconciliation of cloud advancements is likewise expected to give chances to develop here.

This report on driving smart utilities management market commences with a detailed executive summary followed by a market overview section. This section lends crucial understanding on diverse macro and microeconomic factors that steer growth in driving smart utilities management market. The report also sheds light on various market drivers, restraints, threats, and challenges that impact growth in driving space on the smart utilities management market. Additionally, the report shades insights over some major companies through their financial data, company overview, products and services, key developments market competition, strategy analysis, SWOT Analysis, industry competition structure analysis, and others.

Global Smart Utilities Management Market: Companies Mentioned 

Some of the players operating in the global smart utilities management market are Atos SE, IBM Corporation, Honeywell International Inc., Cisco Systems Inc., ABB Ltd, and Siemens AG.  These players are continuously innovating and expending on upgrading their product in order to offer the increasing demand for the products.

• In 2019, Trimble (TRMB) one of the leading company announced that new insertion flowmeter, which is a comprehensive digital water management solution that monitors flow and pressure to reduce non-revenue water (NRW) and implicated in the drinking water systems. Both the companies are launching together the Internet of Things (IoT)-based solution includes the new flowmeter and benefit of advanced monitoring software for water monitoring.

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Global Smart Utilities Management Market: Drivers and Restraints

A greater part of the utilities is presently focusing on setting up AMI foundation for gathering managerial necessities, green power activities, and extra business benefits.

Enormous volumes of information are being gathered, with AMI meters being conveyed, yet utility suppliers have not begun understanding the advantages of got information and other AMI capacities to remotely perform exchanges, aside from simply tolerating the month to month charging read.

Expanding interests in smart framework frameworks around the globe are one of the essential variables driving the development of these frameworks. Governments around the globe are pushing for the organization of AMI, so as to robotize the current activities and push mechanical development. With smart lattice frameworks offering high proficiency and aiding in cost sparing, the interest for the smart network is developing, subsequently directly affecting the development of smart meters.

The Ministry of Power in India propelled the India Smart Grid Week (ISGW) since 2015 and it is considered as one of the main five universal occasions on smart lattices and smart urban communities. With the starting of 100 smart cities extends by the administration of India, water and city gas dispersion utilities will likewise need to outfit themselves with the most recent advancements for improved operational effectiveness and fruitful incorporation into the smart city frameworks.

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Global Smart Utilities Management Market: Geographical Analysis 

Based on the region, the smart utilities management market is segmented in to five parts such as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

In Asia-Pacific, in the recent past, countries, such as Australia, Japan, and South Korea have shown considerable strides in their efforts to smarten their utility network systems.

Similarly, Victoria in Australia has been the first in the race toward a complete smart meter rollout, which was undertaken by SP AusNet and four other electricity distribution providers. Such advancements in the region have led to an increased dependence on smart utilities management software and services, due to the increased efficiency it allows major utility providers. 

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Building Insulation Market Size Survey by 2020-2023

The area of building insulation encapsulates a wide array of applications and functions. However, the primary purpose of such an insulation is to shield buildings from external heat. The importance of developing functional building archetypes that foster utility, vibrance, and ambience across the residential, commercial, and industrial sectors has given a thrust to market growth. There is little doubt about the importance of increasing comfort levels of buildings, especially those used for residential purposes. Therefore, building insulation has emerged as an important construction strategy in recent times. Besides, availability of premium insulation technologies has also created new opportunities within the market.

• Acoustic insulation has emerged as a vital component of building insulation. The rising levels of noise pollution, especially across cosmopolitan cities, has created increased demand for developing sound-proof chambers in commercial buildings. In addition to this, protection from fire hazards also necessitates the use of insulation technologies across buildings.
• The emergence of smart buildings has generated humongous demand for building technologies. Planners and architects recommend the use of digital sensors in combination with insulation materials to develop a safe and secure building ecosystem. Growing investments in smart technologies shall, therefore, play a key role in popularity building insulation technologies.

The increase in global temperature and rising energy costs is driving building insulation market globally. Insulation of buildings protects the indoor environment along with climate control by acting as a protective outer shell. The concept of building insulation is gaining traction in developing economies as infrastructure development is in initial phase. The material used for insulating buildings helps in reducing greenhouse emissions and save energy thus making it popular in both residential as well as commercial segment.

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The report contains the global scenario of Building Insulation market discussing detailed overview and market figures. The research report analyses the industry growth rate, industry capacity, and industry structure. The report analyses the historical data and forecasts the Building Insulation market size, production forecasts along with key factors driving and restraining the market.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

• Customer Experience Maps
• Insights and Tools based on data-driven research
• Actionable Results to meet all the business priorities
• Strategic Frameworks to boost the growth journey

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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

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Electronic Toll Collection Market Forecast Analysis by 2020-2024

A toll road, also known as a tollway or turnpike, is a private or public roadway for which a fee is accessed for passage. Frequently, these toll booths cause traffic delays during rush hours for the toll collection process. This is mainly due to manual operations, which are not only more prone to errors, they are also considerably slower than automated methods. This factor has given birth to electronic toll collection system, which swiftly eliminates the manual operations by toll payers and receivers. As several developed and developing economies across the world invest and adopt new technology, the reflection is quite apparent on the adoption of these electronic toll collection systems. Consequently, the global market for electronic toll collection is projected for a double digit growth rate during the forecast period of 2016 to 2024.

This report on global electronic toll collection market is a thorough study with in-depth analysis of the factors that are expected to influence the growth rate, positively or negatively, and presents a figurative estimation of the future. One of the key feature of this report is the section on player profiles, wherein it analyses some of the top vendors for their product portfolio and margin, geographical presence, and strategies for future development.

The global electronic toll collection market can be segmented on the basis of products, technology, application, and geography. By product, the market can be divided into cameras, communication systems, transponders, antennae, treadles, scanning devices, inductive loops, weigh-in-motion devices, film storage devices, and other devices. Some of the subsystems of electronic toll collection are automatic vehicle identification (AVI), automatic vehicle classification (AVC), back office and integration, and violation enforcement system (VES).

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By technology, the market can be divided into dedicated short-range communications (DSRC), radio-frequency identification (RFID), video analytics, global positioning system (GPS), and global navigation satellite system (GNSS). The report observes that DSRC and RFID are currently the most in-demand technologies while GPS and GNSS are anticipated to experience higher growth rate during the forecast period. By application, the market for electronic toll collection can be segmented into highway and urban bridges. 

Global Electronic Toll Collection Market: Trends and Opportunities

Need to save time is the primary driver for this market. However, the push by several governments for cashless travel facilities is further fueling the demand, especially in India which has a second maximum landscape of toll roads in the world and a vast number of commuters. The need to minimize congestion and fast toll transaction is another factor prompting the adoption. Conversely, factors such as high initial installation cost and the dependency on government approvals is expected to hinder the growth rate. However, the overall market for electronic toll collection is expected to continue demand to meet the requirement for an improved, safe, and secure infrastructure.

Global Electronic Toll Collection Market: Region-wise Outlook

Geographically, the report studies the regional markets for electronic toll collection in North America, Europe, Asia Pacific, and rest of the world. Currently, the country-wide markets of U.S., Canada, and Mexico make North America the most lucrative region, though Asia Pacific is too primed for a strong growth rate, owing to increased demand from countries such as India, Singapore, Philippines, Hong Kong, and Malaysia.

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Companies mentioned in the research report

Key players in the global electronic toll collection market include Honeywell International, Inc., Transtoll Pty Ltd., Transurban, Transcore Holdings, Inc., TRMI Systems Integration, Toll Collect GmbH, Sensor Dynamics, 3M, Xerox Corporation, Connect East, SAIC, EFKON, DENSO, Q-Free, Perceptics, Mitsubishi Heavy Industries, Ltd., Thales Group, and Kapsch TrafficCom AG. These vendors own significant market shares due to their wide range of solutions, such as software services and system integration and toll system operations.

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Air Compressor Market Forecast Analysis by 2020-2024

Rapid industrialization witnessed in developing nations is the chief driver of the global air compressor market. An air compressor is used to convert power from electrical motor into kinetic energy. This conversion is achieved by compressing the air present within, which is released on quick bursts. Some of the most commonly used method of air compression are negative displacement and positive displacement technologies.

For the purpose of the study, the report segments the global air compressor market based on type, lubrication method, technology, and region. By type, stationary and portable compressors are the key segments. The most commonly used air compression technologies include centrifugal, reciprocating, and rotary. In terms of lubrication method, the global air compressor market can be segmented into oil-free air compressor and lubricated air compressors.

The report studies the factors affecting the global air compressor market across all its aforementioned segments. In addition it studies the impact of Porters’s five forces to gauge the bargaining power of suppliers and buyers. The analysis also presents valuable insights into the threat from substitute and new entrants and the degree of competition prevailing in the market. Based on result obtained from Porter’s five forces and other analyses, the report predicts refined outlook for the global air compressor market. Information thus compiled in the report could help stakeholders gain better perspective about the market and assist companies, existing and new entrants alike, to create more informed strategies for tangible results.

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Global Air Compressor Market: Drivers and Restraints

The advent of energy efficient models of air compressors, which are also available in portable designs, has been extensively adopted by industries around the world. The recent technology promises substantial reduction in maintenance costs, which is why it is received by a significantly large number of buyers hailing from diverse industrial backgrounds. However, for those who are stuck with more conventional models are continuing to deal with noisy operations of oil-free compressors and lubrication concerns in oiled air compressors.

Nevertheless, with efforts by the leading players underway, the market will soon witness the launch of more efficient air compressors, which will help mitigating concerns pertaining to noise and air contamination prevalent in their traditional counterparts. Furthermore, the potential innovations in the technology would boost the higher uptake of air compressors in the construction industry, especially across developing countries. This would enable enterprises operating in the global air compressor market rake higher profit in the forthcoming years.

Global Air Compressor Market: Regional Outlook

Regionally, Asia Pacific, North America, Europe, and Rest of the World constitute the key segments in the global air compressor market. As oil and gas industry is one of the large contributors to the market, the countries exhibiting a strong infrastructure in the same will prove most lucrative markets for air compressors. In this regard, opportunities existing for the market in Asia Pacific will thus continue being lucrative over the course of the forecast period.

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Global Air Compressor Market: Vendor Landscape

To study the competition prevailing in the global air compressor market, the report also profiles some of the leading companies operating therein. These include Oasis Manufacturing, Frank technologies, Bel Aire Compressors, VMAC Company, Bauer group, Ingersoll Rand, Airtex Compressors, Best Aire LLC, Grainger Company, and Sullair among others. A majority of the companies operating in the market have taken to product launches and mergers and acquisitions to strengthen their position.

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Factory Automation and Machine Vision Market Overview Report by 2020

Information and communication technology (ICT) have become crucial to the social infrastructure, therefore systems that allow society to function more efficiently are increasingly needed. Machine vision (MV) is a technology that meets these expectations and controls the movement of machinery by processing visual information. Machine vision plays vital role of factory automation (FA) in industrial manufacturing. Moreover, machine vision has also extended its scope to the fields of medicine, security, and agriculture. The growth is mainly driven by the introduction of innovative image sensing devices and the development of computing technologies, including communication. With technological advancements, machine vision not only serves as a replacement for human vision but also handle multidimensional invisible information.

Machine vision (MV) uses automated technology for capturing images and transferring it to a PC. The captured images are then processed for inspection. A camera along with an image sensor is used to capture images, where in vision software analyzes it and information is communicated to the other equipment. Advancements in machine vision (MV) technology including vision-guided robotics and smart cameras have augmented the scope of the MV market with a broader application in the manufacturing sectors. These systems are utilized in applications such as manufacturing of semiconductor, pharmaceuticals, electronics, medical devices, automotive, packaging, and consumer goods.

Factory automation systems are used in discrete industry and process industry applications. Mexico factory automation and machine vision market is classified by technology into Industrial Control Systems (ICS), Enterprise Resource Planning (ERP), Manufacturing Execution System (MES), and Information Technology System (ITS). Different types of machine vision (MV) systems are PC-based, smart camera based and embedded based systems. Machine vision (MV) systems include various components such as camera, optics frame grabber and lighting, software and hardware.

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The machine vision (MV) and factory automation (FA) is a promising trend in the manufacturing industry offering smart manufacturing setup. Factory Automation (FA) offers standard production, cost efficiency, quality, reliability and flexibility in the production process. The several devices and mechanical instruments are coupled with the IT systems or smart computing for the improved results in automation. Moreover, the software systems such as Enterprise Resource planning (ERP) are helping the Mexico factory automation market to extend their service offerings.

Proximity to the U.S. and Government of Mexico’s movement to augment manufacturing activities has fueled the factory automation (FA) and machine vision (MV) market to the new heights. Shifting of manufacturing base of automotive companies from China to Mexico and increased in foreign direct investment is also contributing to the growth of the market. Additionally, emerging applications such as Human Machine Interface (HMI), Heating Ventilation Air Conditioning (HVAC) systems, and electronic power distribution systems is further expected to fuel the demand of automation systems in the near future. Reduction in size of hardware along with decreasing price of sensors and components, embedded systems has seen reasonable growth. Emerging trend such as nanotechnology, nanotech sensors, machine-to-machine communication systems and Internet of things is further expected to escalate growth for the factory automation (FA) and machine vision (MV) market.

Market players are focused on offering product that communicate with multiple I/Os and serial and parallel interfaces. For instance, machine vision (MV) system developers are providing PC-based functionality coupled with motion control, data acquisition, and image-processing hardware and software. Moreover, companies such as Keyence Corporation and Panasonic Corporation provide developers a number of ways for their products to communicate with serial and parallel interfaces and multiple I/Os. Industrial-automation companies such as Omron are trying to get an edge in the machine-vision marketplace, whereas other machine-vision companies such as Coreco Imaging, Inc., Matrox Imaging, and National Instruments Corp. are leveraging their hardware and software expertise in a number of low-cost programmable machine-vision systems.

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Some of the leading players in the market include ABB LTD (Switzerland), Siemens Ag (Germany), Rockwell Automation Inc (U.S.), Emerson Electric Company (U.S), Honeywell International Inc (U.S.), Johnson Controls Inc (U.S), General Electric Company (U.S.), Schneider Electric SA (France), Teledyne Dalsa Inc (Canada), Texas Instruments Inc (U.S), Eastman Kodak (U.S.) and Yokogawa Electric Corporation (Japan).

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Electric Vehicle Market Outlook and Forecast 2020 due to COVID-19 Impact

The global electric vehicle market is on the verge of a making a gigantic leap as product innovations, sustainable initiatives, and consumer demand comes together to create tremendous futuristic prospects. According to International Energy Agency (IEA), electric vehicles will make 40% of all passenger vehicles by 2040. The estimation may not be surprising to most as electric vehicle makers like Tesla have already made foray into new areas like trucks for off-road transportation, and urban transportation demands like taxis. Moreover, Chinese electric bus markers have won promising contracts in Europe, wherein electric bus adoption is on a significant rise. Moreover, demand for electric vehicle is promising for global manufacturers of vehicles.

Global Electric Vehicle Market: Notable Developments

As part of Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles (FAME), the Indian government has announced acquisition of 7,000 electric buses, 55K four-whellers, and 10,00,000 two-wheelers. The Indian government will spend over $1.4 bn to acquire vehicles that operate on lithium-ion batteries, and/or on electric power trains. The investment proposed in October 2019, will take over place over next three years, till 2022.

The share of electric vehicles surged to 42% of all new sales in Norway in 2019. The year really turned electric for Tesla in the country, wherein positive incentives for electric adoption continue to drive growth for the company with shares rising to 42% from 31% in 2018. The company sold a total of 18,798 cars in the country, with its model 3 noting the highest registrations.

According to China Passenger Car Association, over 20.7 million passenger vehicles were sold in China in 2018. China, the biggest market for automobiles witnessed a worrying 7.4% drop in sales during 2019. This drop came on mostly on the back government’s plans to reduce incentives for electric vehicles for consumers. Consumers flocked to buy electric vehicles throughout the year resulting in 5.1% increase in the beginning year. However, as soon as the subsidies were removed, it resulted in lower sales for six-consecutive months.

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Global Electric Vehicle Market: Drivers and Restraints

The electric vehicles laden with connected entertainment systems, sensors, and automation have sparked new interest among consumers. The global auto market is witnessing a held-back demand from many consumers as the horizon clearly points towards adoption of electric vehicle by 2025. Globally, the mandate for Zero Emission Vehicle dictates that the vehicle should make up 10% of total sales by 2025. With the likes of Mercedes Benz, Toyota, GE, and BMW lining up new models, the adoption of electric vehicle will likely be higher even without the government push.

Global electric vehicle market promises significant growth as concerns for sustainable growth rise around the world. Governments around the world have pushed respective industries to manufacture, and innovate with advanced electric models. The rising demand from consumers, and public entities alike is a major positive for the government. At first, the adoption of electric vehicle will witness highest growth in public transportation with muncipalties like Glasgow, New York, Shanghai, and Delhi making notable acquisitions to expand scope of electric vehicles. The rising scale of economies for electric vehicle manufacturers will eventually drive growth of the electric vehicles in the near future.

Global Electric Vehicle Market: Geographical Analysis

The global electric vehicle market report will cover all regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these, the North America region will witness major growth as the research and development in the region has made way for significant uptakes in infrastructure, costs, and product innovation. Moreover, conventional investment in electric infrastructure in Scandinavian countries are expected to drive growth of electric vehicles in Europe. Despite tremendous innovation among Chinese electric vehicle makers, their reliance on subsidies in a concern in the domestic market. However, Chinese electric vehicle makers are witnessing a major adoption of their electric buses in Europe, and in the US as well, wherein they present lucrative opportunities due to cost-effectiveness.

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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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