Ceramified Cable Market Analysis, Global Industry Overview, 2021-2027

According to a new market report on the ceramified cable market, published by Transparency Market Research, the global ceramified cable market is expected to reach US$ 277.0 Mn by 2026, expanding at a CAGR of 5.2% from 2018 to 2026. According to the report, the global market is anticipated to be influenced by a range of macroeconomic and industry-specific factors. Europe is expected to be at the forefront of global demand, with the market in the region growing at a CAGR of 5.8% through 2026. Applications of ceramified cables in fire and smoke detection systems are anticipated to significantly drive the global ceramified cable market.

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Ceramified Cable Market: Scope of the Report

The global ceramified cable market is broadly segmented by voltage level, application, and end- use industry. Based on voltage level, the market has been segmented into Low Voltage (Less Than 600V), Medium Voltage (600V to 69kV), and High Voltage (Greater Than 69kV). Based on application, the market has been segmented into fire and smoke detection systems, emergency lighting and signage, emergency communication, rescue elevators, emergency generators, and others. The market is further segmented on the basis of end-use industry into building, industrial, transit, and others.

The major factors governing the growth of the ceramified cable market is the increasing adoption of these cables in highly temperature sensitive applications, fueled by the strict government regulations to enhance the safety of residential and industrial areas. Another factor aiding the growth of the market is the cost and technical advantages offered by these cables as compared to other competitive products.

According to the research study, the fire and smoke detection systems segment contributed the dominating share to the global market and are analyzed to expand at a prominent growth rate during the forecast period. The applications of ceramified cables in emergency generators is anticipated to follow the fire and smoke detection systems and is anticipated to witness a compound annual growth rate of 5.1% during the forecast period.

Europe held the largest market share in terms of revenue and volume in 2017, due to increasing focus on improving safety in critical application areas, for instance high rise buildings, which require longer duration for evacuation in case of fire emergencies. Moreover, the market in Europe is anticipated to grow at a remarkable compound annual growth rate during the forecast period, followed by Asia Pacific.

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Global Ceramified Cable Market: Competitive Dynamics

Some of the key players in the ceramified cable market are Wacker Chemie AG, Siccet SRL, CavicelS.p.a., Prysmian Group, Nexans S.A., Marmon Engineered Wire & Cable (VITALink), Tekab Co. Ltd., Birtas Instrumentation Cables, Bhuwal Cables Ltd., and KEI Industries Limited. Companies are focusing on expanding their business through strategic acquisitions and partnerships with several end-use industries.

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Machine Condition Monitoring Market Analysis, Status and Business Outlook 2021 to 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.

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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.

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.

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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. 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.

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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.

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Aviation Actuator System Market Overview, Trends and Key Drivers with Top Countries Data

Honeywell International, Inc., Woodward, Inc., The Curtiss-Wright Corporation, Moog, Inc., Rockwell Collins, and Beaver Aerospace & Defense, Inc. are some prominent companies in the global aviation actuator system market.

An actuator refers to an element of a machine that is in charge of controlling and moving a system or a mechanism. A case in point is opening up a valve. In layman’s language, it is a ‘mover’ of things. An actuator needs an energy source and a control signal. In the aviation industry, actuators control a wide array of applications. For instance, actuators limit and regulate the engine speed and velocity through adjustment of flaps and levers.

In this comprehensive study on the global aviation actuator system market by Transparency Market Research (TMR), analysts estimate that the market is likely to grow at 6.4% CAGR, between 2018 to 2026.

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Presence of Several Leading Players to Propel Growth of the Market in North America

The global aviation actuator system market has been divided into the key regions of the Middle East and Africa, Asia Pacific, Europe, Latin America, and North America.

North America is the regional segment that is exerting huge influence over the global aviation actuator system market. Presence of several leading manufacturers of aircraft in the region, such as The Boeing Company in the U.S, Bombardier Inc. in Canada and many more are supporting the growth of the market in the region. Furthermore, a rise in the orders for aircraft by the regional airlines from regions like the Middle East, Asia Pacific is likely to add fillip to the market over the assessment tenure. In addition, increased use of aircraft in the defense sector is also anticipated to fuel the expansion of the market.

Furthermore, adoption of electric actuators is becoming a major trend in the global aviation actuator system market. This is primarily attributable to limitations of mechanical and hydraulic actuators in terms of their performance and maintenance requirements and heavy weight. Moreover, electric actuators offer some significant advantages over traditional actuators such as reduced weight, less energy consumption, low power electronics, high reliability, high acceleration and stall torque capability, and effectiveness in handling of impulse load. Due to these factors, the electric actuator segment is expected to witness strong growth during the forecast period.

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However, intense competition among manufacturers is anticipated to hamper the global aviation actuator system market during the forecast period. The aviation industry is a fairly fragmented industry with various players providing products with high reliability, high quality, and efficient cost and aftersales service. This leads to stiff competition among aviation and aerospace companies providing aircraft and associated equipment. This factor may pose a restraint to the aviation actuator system market in the next few years.

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Medium-voltage Switchgear Market Developments and Future Growth Opportunities

According to a new market research report on the medium-voltage switchgear market, published by Transparency Market Research, the global medium-voltage switchgear market is expected to reach value of US$ 8,395.0 Mn by 2026, expanding at a CAGR of 6.2% from 2018 to 2026. Asia Pacific is likely to continue to lead the global market, with the market in the region expanding at a CAGR of 6.8% between 2018 and 2026.

Grid modernization to reform electricity transmission and distribution networks is driving the global medium-voltage switchgear market

From traditional electricity grids to smart grids, from power grids based on fossil fuels (such as coal and petroleum) to grids integrating renewable energy sources (such as solar and wind power), grid systems play a key role in the electricity sector. Resources such as coal and petroleum are not unlimited or renewable. The faster they are used, the quicker they would be depleted.

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Energy-saving methods can be attained through advancements in technology and development of new forms of power grids, while improving the production of renewable energy and reducing the emissions of greenhouse gases. Thus, increasing government initiatives for renewal of existing transmission and distribution networks along with grid modernization are expected to propel the demand for medium-voltage switchgear during the forecast period.

Medium-voltage Switchgear Market: Scope of Report

The global medium-voltage switchgear market has been broadly segmented in terms of voltage, insulation, end-use industry, and geography. In terms of voltage, the market has been classified into 3kV – 5kV, 6kV – 15kV, 17kV – 27kV, and 28kV – 40kV. Among these, the 6kV – 15kV segment accounted for a major market share around 30% in 2017. The segment is expected to expand at a significant CAGR of 6.4% during the forecast period. Based on insulation, the medium-voltage switchgear market has been divided into air-insulated switchgears, gas-insulated switchgears, and others.

The air-insulated switchgears segment held the leading share of the market in 2017. Air-insulated switchgears are extensively used in rural areas and favorable offsite terrains, where space, climatic conditions, seismic occurrences, and environment-related concerns is not an issue. In terms of end-use industry, the market has been classified into power plants, commercial sector, oil, gas and petrochemical, utility sector, paper & pulp industry, and others. In 2017, the utility sector segment accounted for a prominent market share. The segment is estimated to expand at a significant CAGR of 5.7% during the forecast period.

Based on region, the global medium-voltage switchgear market can be segregated into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Asia Pacific dominated the global medium-voltage switchgear market in 2017, with China holding a major share of the market in the region. Demand for switchgears in China is primarily driven by increasing investments in electricity transmission and distribution networks across the country, renewal of faulty and aging electricity transmission and distribution networks, and rapid electrification in rural areas of the country.

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The U.S. dominates the market in North America, owing to increasing usage of medium-voltage switchgears in various electrification projects in commercial and residential sectors across the country. Europe is also expected to contribute significantly to the global medium-voltage switchgear market in the next few years. The medium-voltage switchgear market in Europe is expected to expand at a CAGR of 6.3% during the forecast period.

Global Medium-voltage Switchgear Market: Competition Dynamics

The research study includes profiles of leading companies operating in the global medium-voltage switchgear market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. Key players operating in the global medium-voltage switchgear market are ABB Ltd, Chint Group Eaton Corporation Plc., General Electric Hyosung Corp, Mitsubishi Electric Corporation, Powell Industries, Inc., Romac, Inc., Schneider Electric SE, and Siemens AG. Companies are focusing on expanding their business through strategic acquisitions and partnerships.

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Electronics Logging Device Market Enhancements and Growth Opportunities 2021 to 2027

Electronic Logging Device (ELD or E-Log) is electronic hardware that is attached to a commercial motor vehicle engine to record driving hours. The driving hours of commercial drivers (truck and bus drivers) are regulated by a set of rules known as the hours of service (HOS). The Commercial Vehicle Driver Hours of Service Regulations vary in Canada and the United States. The U.S. Department of Transportation’s Federal Motor Carrier Safety Administration (FMCSA) announced that motor carriers would have to begin using electronic logging devices (ELDs) on all trucks and commercial buses manufactured after 2000.

Now, drivers and carriers will be required to comply with ELD regulations. Those who are currently using automatic onboard recording devices (AOBRDs) or install them before the end of 2018 will be grandfathered in. They will have an additional two years to update to ELD-compliant technology.

Electronics logging device and digital tachograph mandate to drive revenue streams for vendors and growing need for operational efficiency in fleet owning organizations will be one of the key features driving the growth of the electronics logging device market. One of the major driving forces in the European market is the regulation related to an electronic logging device known as the digital tachograph.

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Digital tachograph has been mandated in Europe since 2006 for all commercial vehicles with GVWR higher than 3.5 tons. Hence, in the current period, the majority of the new LCVs are factory-fitted with digital tachographs, and going forward all the LCVs should have digital tachograph. Cost sensitivity of fleet owners is a major hurdle in the deployment of advanced fleet management technologies. Further, one of the challenge in the market is lack of awareness among drivers and fleet owners in emerging countries.

The market is segmented on the basis of, vehicle type, form factor, component, services, and geographical region. On the basis of vehicle type, the market is segmented into light commercial vehicle, truck, and bus. On the basis of component, the global market is segmented into external display, telematics unit and others. On the basis of component, the global market is segmented into embedded and integrated.

By industry vertical, electronics logging devices market can be segmented into entry-level services, intermediate services, and high-end services. By geographical region the global electronics logging devices market is split up into North America, Europe, Asia Pacific, Middle East & Africa and South America. North America is expected to have largest market share during estimated period and is expected to witness significant growth owing to the presence of large manufacturing and oil & gas companies working in this region. The region, along with Europe, is one of the developers in adopting new technologies, which is also one of the key factors for the high CAGR in this region.

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Acquisitions and Merger, new product introductions, investments, and corporations & developments are the key strategies adopted by market companies to ensure their growth in the electronics logging devices market. The key players are Trimble, Omnitracs, Teletrac Navman, Geotab, Donlen, Garmin, Verizon, AT&T, WorkWave, Merchants Fleet Management, Additional Companies, Leaseplan USA, Masternaut, Tomtom Telematics, Wheels, Vector Informatik, Racelogic, Intrepid Control Systems, HEM Data Corporation, Danlaw Technologies, Influx Technology are some major players in the electronics logging devices market.

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Outlook on the Usage based Insurance Market to 2027 by Application, End-user and Geography

Usage-based insurance refers to a type of auto insurance, which utilizes the in-vehicle communication systems to keep a track of driving behavior and mileage. Use of telematics systems gives precise and accurate feedback of the driving patterns and safety practices of the driver. Telematics refers to a method of vehicle monitoring, which combines on-board diagnostics with the GPS system to track behavior of the vehicle. Such a technology enables the insurance companies to alter the insurance cost based on the risk thus estimated.

Allstate Insurance Company, State Farm Mutual Automobile Insurance Company, UnipolSai Assicurazioni S.p.A, Insure The Box Limited, Intelligent Mechatronic Systems Inc, and Allianz SE are some of the companies dominating the global usage-based insurance market.

Transparency Market Research has come up with an all-inclusive study on the global usage-based insurance market, for the period 2019 to 2027. The report predicts that the global usage-based insurance market is likely to clock a staggering 30% CAGR over the period of review. The market is estimated to reach US$ 200 Bn through 2027.

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With the Growing Confidence and Awareness, North America is Likely to Lead the Market

The global usage-based insurance market is divided into the key regions of North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe.

It is prophesized that the North America usage-based insurance market is likely to exhibit huge potential in terms of revenue. The lucrativeness of the region lies in the large number of vehicles plying on the road. In addition to that, growing awareness and confidence about the use of usage based insurance is likely to bolster its regional demand in the years to come. Europe, too, is likely to follow the footsteps of North America, as the usage-based insurance market gathers momentum in Europe as well. Increased innovation in the automotive industry of Europe is likely to pave way for promising growth of the market in Europe in near future.

The usage-based insurance market is likely to witness a promising future in the Middle East and Latin America as well. The market is estimated to clock an impressive growth rate in the region over the timeframe of assessment due to increased adoption of telematics systems in the region. This has encouraged adoption of the insurance telematics programs across South Africa, Argentina, and Brazil.

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Growing Interest of Insurance Providers likely to Support Growth of the Market

The evolution of the automotive usage based insurance industry is directly linked with the advancement of the automotive industry. The demand for automotive insurance is directly proportional to the sale of vehicles fitted with connected car and telematics services. In addition to that, increased focus on remote diagnostics by the providers of insurance is likely to encourage growth of the global usage-based insurance market. Adoption and use of advanced on-board communication devices to facilitate real-time connectivity between insurance providers and the vehicle helps in the diagnosis of breakdown issues.

The expansion of the global usage-based insurance market growth is ascribed to the growing popularity of usage-based insurance solutions amongst the insurance enterprises. In order to maximize profitability, insurance providers are taking up this option, which enables them improve pricing models, increase revenue, and regulate cost of claim. This factor is likely to trigger growth of the global usage-based insurance market in the forthcoming years.

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Automotive Lubricant Market Report by Product Type, Industry Application and Future Technology 2026

Transparency Market Research has published a new report titled, “Automotive Lubricant Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026”. According to the report, the global automotive lubricant market is anticipated to surpass US$ 120 Bn by 2026, expanding at a CAGR of more than 4% during the forecast period.

Increased number of on-road vehicles, globally, is driving the automotive lubricant market. Average age of vehicles has increased with more number of people preferring to retain their vehicle. Consequently, an increased number of ageing vehicles on the road need maintenance, thereby driving the demand for automotive lubricant.

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Demand for lower viscosity oils has increased due to their ability to improve engine performance and fuel economy. OEMs are recommending lower viscosity lubricants and shifting the OEM and aftermarket demand toward better quality synthetic /semi-synthetic oils. Consumers are becoming more aware about maintenance of their vehicle’s health. Synthetic/Semi-synthetic oils are expensive but have longer drain interval time and hence, adoption of these oils is a win-win situation for both manufacturers and consumers. Therefore, the market is moving toward higher value lubricants. API or API-equivalent standards are followed globally in order to curb rising emission and maintain minimum performance of lubricants. Rising performance requirements are prompting OEMs to seek better quality lubricants, which in turn is boosting the automotive lubricant market.

Vehicle users in North America and Europe prefer automatic transmission, which contributes to the high demand for automatic transmission fluid (ATF) in these regions. Asia Pacific is witnessing a technology shift from manual to automatic transmission, owing to the rising demand for continuously variable transmission and dual clutch transmission. This is expected to drive the demand for ATF in the region.

In terms of sales channel, the aftermarket segment is expected to dominate the global automotive lubricant market. Automotive lubricants require periodic replacement and hence, the demand for lubricants in the aftermarket is high. OEMs have different lubricant specifications in different countries. However, OEMs are converging to maintain same portfolio across the global market in order to simplify marketing and distribution.

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Key players operating in the global automotive lubricant market include Royal Dutch Shell plc, ExxonMobil Corporation, BP p.l.c., Chevron Corporation, Total S.A.., Sinopec Corporation, Fuchs Lubricants Co., LUKOIL, Phillips 66 Company, Valvoline LLC, Repsol S.A., JXTG Nippon Oil & Energy Corporation, Bharat Petroleum Corporation Limited, Indian Oil Corporation Limited, Petrobras, and Morris Lubricants. The market is largely fragmented due to the presence of several public-sector companies.

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