Cable Management System Market – Segment, Forecast, Analysis, Trends 2024
The advent of fiber-optic and coaxial cables has brought in rapid digitization across the world, leading to high utilization of wiring and cables in infrastructure as well as equipment. The humongous growth of information technology and the increasing number of enterprises and institutions that employ high-performance cabling has fueled the demand for advanced cable management systems for data and communication applications, finds a new study by Transparency Market Research. As a result, manufacturers of these systems are focusing aggressively on introducing new products and systems that are capable of adapting to these varying demands.
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According to TMR, an upsurge in the adoption of communication technology is imminent in the near future. Market participants will need to increase research and development activities to cope up with rapidly evolving technologies. At the forefront of this market are Schneider Electric SE, Thomas & Betts Corp., Legrand SA, HellermannTyton Group Plc., Cooper Wiring Devices, and TE Connectivity Ltd.
Expansion in BRICS Construction Industry Fuels Demand for Cable Management Systems
Currently, BRICS countries are witnessing rapid urbanization due to their rising economy. The construction industries in these nations are exhibiting considerable growth, specifically in the residential and commercial sectors. Brazil has recently allotted US$300 bn for the modernization of its ports, power plants, and road networks while, in India, a budget of around US$500 bn has been allocated to be spent on a number of infrastructure projects.
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All these developments are likely to increase the need for wiring and cabling in these economies, thereby fueling the demand for cable management systems significantly. Additionally, the growing demand for energy and the continually increasing investments in infrastructure across the world are projected to add significantly to cable management systems’ consumption over the forecast period.
Most Attractive Opportunities to Arise in Asia Pacific
According to TMR, the opportunity that the global market for cable management systems holds, is likely to grow from a value of US$14.7 bn in 2015 to US$33.9 bn by 2024, expanding at a CAGR of 9.80% between 2016 and 2024. North America has been a prime contributor to the revenue generated in this market over the last few years. Experts suggest this trend will remain continuous over the forecast period. However, in the coming years, Asia Pacific is anticipated to offer most attractive opportunities for cable management systems manufacturers on account of accelerating rate of urbanization in the region.
Cable trays are expected to remain the highest demanded products in this market over the forecast period. In 2015, this segment holds a share of approximately 14% in the overall revenue. Metallic cable management systems, which accounted for a share of more than 60% in the overall consumption in 2015, will continue to lead the market with majority share during the forecast period.
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The construction industry accounts for the majority of the consumption of cable management systems across the world. The residential segment in the construction industry is emerging as the largest consumer of these systems due to the upswing in the demand from urban residential areas.
Industrial Emission Control Systems Market - Industry Analysis, Forecast 2023
The global market for radiofrequency identification market in the healthcare sector is currently fragmented in nature with several players operating in it, states a new research report by Transparency Market Research. However, with a significant rise in the number of mergers and collaborations, the market is expected to get consolidated throughout the forecast period. The acquisition of Motorola Solutions by Zebra Technology and the collaboration of Intermec by Honeywell are among the key takeovers, which have significantly changed the competitive scenario of the overall market. The leading players operating in the radiofrequency identification market in the healthcare sector across the globe are Motorola Solutions (now Zebra Technologies), Alien Technology, GAO RFID, Inc., STiD, Sato Holdings, Intermec, Invengo, Applied Wireless Identifications Group, Impinj, and CAEN RFID.
According to the research study by TMR, in 2013, the global market for radiofrequency identification in the healthcare sector was worth US$1.9 bn and is projected to reach a value of US$5.3 bn by the end of 2020. The market is further estimated to register a 13.90% CAGR between 2014 and 2020.
China to Lead Global Radiofrequency Identification Market in Near Future
The global market for radiofrequency identification market for the healthcare sector has been divided on the basis of geography into five segments. At present, North America led the global market and is estimated to witness high growth in the next few years. On the flip side, the emergence of low-cost radiofrequency identification components in China is projected to enhance the growth of the market in the next few years. Thus, North America and Europe are expected to face a stiff competition in the coming few years and Asia Pacific is likely to witness high growth in the coming few years.
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The global market for radiofrequency identification has been classified on the basis of application into equipment tracking, medical report, samples and blood transfer tracking, medicine tracking, supply chain, and people identification and tracking. Among these, the medical report and medicine tracking are projected to witness high growth in the next few years. The rise in the use of radiofrequency identification is projected to rise, thanks to the increasing consumer awareness is estimated to enhance the market growth throughout the forecast period.
Rising Investment in Healthcare Sector to Drive Global Market
In the last few years, the healthcare sector has been making use of radiofrequency identification, thus accelerating the market growth in the next few years. The increasing use of radiofrequency identification for access and security control and the rising government initiatives are anticipated to enhance the market growth in the near future. In addition to this, the emergence of Internet of Things based radiofrequency identification labeling is projected to support the market growth in the near future.
On the flip side, the issues related to the device interoperability and the high cost of radiofrequency identification are expected to act as key challenges, thus restricting the growth of the overall market in the coming few years. Nonetheless, the increasing investments for the enhancement of the healthcare sector and the rising government support are projected to offer opportunities for the market players throughout the forecast period.
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Radiofrequency Identification Market in Healthcare to Register 13.90% CAGR
The global market for radiofrequency identification market in the healthcare sector is currently fragmented in nature with several players operating in it, states a new research report by Transparency Market Research. However, with a significant rise in the number of mergers and collaborations, the market is expected to get consolidated throughout the forecast period. The acquisition of Motorola Solutions by Zebra Technology and the collaboration of Intermec by Honeywell are among the key takeovers, which have significantly changed the competitive scenario of the overall market. The leading players operating in the radiofrequency identification market in the healthcare sector across the globe are Motorola Solutions (now Zebra Technologies), Alien Technology, GAO RFID, Inc., STiD, Sato Holdings, Intermec, Invengo, Applied Wireless Identifications Group, Impinj, and CAEN RFID.
According to the research study by TMR, in 2013, the global market for radiofrequency identification in the healthcare sector was worth US$1.9 bn and is projected to reach a value of US$5.3 bn by the end of 2020. The market is further estimated to register a 13.90% CAGR between 2014 and 2020.
China to Lead Global Radiofrequency Identification Market in Near Future
The global market for radiofrequency identification market for the healthcare sector has been divided on the basis of geography into five segments. At present, North America led the global market and is estimated to witness high growth in the next few years. On the flip side, the emergence of low-cost radiofrequency identification components in China is projected to enhance the growth of the market in the next few years. Thus, North America and Europe are expected to face a stiff competition in the coming few years and Asia Pacific is likely to witness high growth in the coming few years.
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The global market for radiofrequency identification has been classified on the basis of application into equipment tracking, medical report, samples and blood transfer tracking, medicine tracking, supply chain, and people identification and tracking. Among these, the medical report and medicine tracking are projected to witness high growth in the next few years. The rise in the use of radiofrequency identification is projected to rise, thanks to the increasing consumer awareness is estimated to enhance the market growth throughout the forecast period.
Rising Investment in Healthcare Sector to Drive Global Market
In the last few years, the healthcare sector has been making use of radiofrequency identification, thus accelerating the market growth in the next few years. The increasing use of radiofrequency identification for access and security control and the rising government initiatives are anticipated to enhance the market growth in the near future. In addition to this, the emergence of Internet of Things based radiofrequency identification labeling is projected to support the market growth in the near future.
On the flip side, the issues related to the device interoperability and the high cost of radiofrequency identification are expected to act as key challenges, thus restricting the growth of the overall market in the coming few years. Nonetheless, the increasing investments for the enhancement of the healthcare sector and the rising government support are projected to offer opportunities for the market players throughout the forecast period.
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Conveyor System Market is expected to reach US$6312.5 mn by 2025 | TMR
Conveyor system is an important part of the overall material handling system that is required in every industrial processes for various applications. Rapid industrialization coupled with rising demand for technology across various industry in order to automate the entire process is the most important factor predicted to accelerate the demand for conveyor system in the coming years. According to the research report, the global conveyor system market was worth US$4697.1 mn in 2016 and is expected to reach US$6312.5 mn by 2025, surging at a CAGR of 3.5% between the forecast period of 2017 and 2025.
Utilization of advanced technique of production and automated equipment has become the primary need of various end user segment for enhancing the quality of goods and to facilitate timely production. This in turn is anticipated to promote the demand for conveying system that are majorly utilized for shipment, transportation, packaging and other manufacturing related activities. However, selection of proper and appropriate conveying system is majorly dependent on various factors such as application areas, pickup points for uploading and downloading and type of products to be conveyed.
Belt Conveyors to Lead the Pack as their Demand in Various Industrial Sectors Remains High
Different types of conveyor system that are majorly used across various industrial sectors includes roller conveyor, belt conveyor, pallet conveyor, over-head conveyor and others. Wheel conveyor, bucket conveyor, screw conveyor and vibrating conveyor is included within the others segment. In terms of revenue, among the different types of conveyor system available in the market, belt conveyor system held the largest market share in 2016 and is anticipated to maintain its dominance throughout the forecast period from 2017 to 2025. Extensive utilization of belt conveyor across various end user segments including packing lines, dry areas in various food and pharmaceutical industries is the most important factor behind this segments dominance.
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Conveyor system also finds its applications across various end user segments including food processing, automotive, retail sector, airport and healthcare among others. On the other hand, based on application of conveyor system across various end user segment, the conveyor system market both in terms of revenue and volume is anticipated to be majorly driven by food processing sector across the globe in the coming years. Technologically advanced and diverse conveyor systems are used extensively across various food processing industry in order to meet the need of specific edible products.
Europe to Remain Dominant in the Global Conveyor Systems Market
On the basis of geography, the global conveyor systems market is segmented into Europe, North America, Asia Pacific, the Middle East and Africa, and Latin America. In 2016, Europe held the dominating market share of the conveyor system market in terms of revenue. This regional market is projected to rise at a CAGR of 2.7% over the forecast period. On the flip side, Asia Pacific region is expected to experience the most promising growth in the coming years. Increasing number of manufacturing facilities combined with the rising demand for automation and efficiency from various manufacturing sector is the primary factor responsible for the robust growth of the conveyor system market in Asia Pacific region.
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The global conveyor system market is highly competitive in nature with the presence of large number of conveyor system manufacturers. Some of the major players operating in the conveyor system market includes Daifuku Co. Ltd. (Japan), Schaefer Systems International Inc., Dematic Group and Murata Machinery Ltd. among others.
Quick Charge Devices/Adapters Market Size, Share, Growth, Trends, Forecast 2026
Quick Charge Devices/Adapters Market - Overview
Quick charge devices are used for charging powered devices, mainly mobile phones. Compared to typical devices that have 5 volts and 2 amps specifications, quick charge devices are used to charge devices more quickly and efficiently. New versions of quick chargers or adapters, such as Quick Charge 1.0, Quick Charge 2.0, Quick Charge 3.0, Quick Charge 4.0, and Quick Charge 4.0+ developed by Qualcomm are in high demand across applications. Fast charging is the trend of the day; therefore, equipment providers are developing devices with the capability to quickly charge mobile phones or other devices. Quick charge devices or adapters are also deployed in electric vehicles.
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Earlier, mobile phones had smaller display screens, and their battery used to last for ten times the duration than that of modern smartphones. With technological advancement, size of the battery in smartphone has increased to about triple the size of the battery in older phones. Smartphones need efficient supply of power for their bigger screens and multiple applications that run with GPS and Internet connection. Quick charge devices thus are mainly used to charge smartphones.
Quick Charge Devices/Adapters Market - Trends and Opportunities
Rise in the trend of fast charging technology and increase in the use of smartphones across the world are the key drivers of the quick charge devices/adpaters market. The higher the number of mobile and web applications we use in our phone in tandem, the harder the phone’s processor has to work, draining the battery very fast. Manufacturers are enhancing the devices to provide faster charging speed. Qualcomm developed Quick Charge 4.0 and 4+ that deliver up to 28W of power. More powerful and faster processors are being developed and added to mobile devices; however, the Lithium Ion batteries traditionally used to supply power have remained unchanged. Researchers are working on new types of batteries that are able to handle the strain of increased processing power, but this is yet to be achieved. So until there is a breakthrough in the technology, the need to charge devices quickly will always be there. Furthermore, use of smartphones is projected to rise with growth of technology. Companies across the globe are investing huge amount of money in smartphone technology. Attractive subsidy plans from telecom operators, along with better-designed data and voice packages for different categories of users, has promoted the use of smartphone. In addition, strong competition among component manufacturers and handset vendors has also resulted in affordable and broad range of smartphone models in the market. The marketing of products invented by companies is also a key restraint. Marketing plays a vital role for every company as there is lot of competition within the vendors. Quick charge devices/adapters have significant growth opportunities in the electric vehicles market.
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Quick Charge Devices/Adapters Market - Segmentation
The global quick charge devices/adapters market can be segmented based on device type, application, end-user, and region. Based on device type, quick charge devices/adapters comprise portable chargers, wall chargers, car chargers, power banks, SOCs, razers, drone googles, wireless charging pads, and other powered devices. In terms of application, the quick charge devices/adapters market can be divided into mobile phones, tablets, electric vehicles, etc. Based on end-user, the quick charge devices/adapters market can be bifurcated into residential and commercial. In terms of region, the global quick charge devices/adapters market can be classified into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to hold a significant share of the global quick charge devices/adapters market during the forecast period due to invention of various technologies and adoption of cloud computing on a larger scale in the region. Asia Pacific is projected to present lucrative growth opportunities to the quick charge devices/adapters market due to high adoption of smartphones and increasing penetration of Internet in the region.
Quick Charge Devices/Adapters Market - Key Players
Major vendors operating in the quick charge devices/adapters market include Qualcomm Incorporated, Zendure, Charge Method Technology, Inc., Anker, Huawei Technologies Co., Ltd., AT&T, Murata Manufacturing Co., Ltd., and Motorola.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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Mobile Commerce Market - Global Industry Size, Market Share, Trends, Analysis, And Forecast 2012 - 2017
M-commerce, or mobile commerce, refers to the purchase and/or sale of goods and services via mobile platforms such as smartphones and tablets. The increasing adoption of mobile commerce across the globe, especially in the West, has turned out to be immensely helpful towards strengthening the market. Developed countries such as those in North America have been significantly proactive in making m-commerce a vital part of day-to-day commercial transactions.
Broadly segmenting the mobile commerce market on the basis of transactions, three key categories may be formed: mobile payments, which include contactless near-field communication (NFC), digital and physical goods, and mobile money person to person (P2P) transfer; mobile ticketing and mobile coupons; and mobile banking.
The mobile commerce market is largely driven by ongoing trends and the research report observes and predicts these, presenting a detailed evaluation of the same. Besides these, the report also highlights the various challenges that the mobile commerce market has encountered so far and will face over the course of the report’s forecast period.
Overview of the mobile commerce market
While e-commerce took the commercial world by storm not so long ago, mobile commerce has gone way beyond the boundaries and limitations of e-commerce. Despite being in a nascent stage, the significance of m-commerce cannot be denied. Today, mobile commerce benefits multiple industries such as education, commerce, travel and ticketing, entertainment, enterprise resource planning, dispatching and inventory tracking, and traffic. Thanks to the proliferation of technology and the rising popularity of handheld devices, the consumer base of mobile commerce has widened. Moreover, with expanding disposable incomes, especially in emerging economies, consumers are more likely to resort to impulse purchases – a habit largely fuelled by online and mobile commerce. Other factors that stimulate the m-commerce market are the availability of cheap technology, growing internet penetration, and thriving online businesses.
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On one hand, the slow adoption rate of mobile payments in some regions of the world is a factor that threatens to stall the growth of the mobile commerce market in the larger context. However, many vendors are using this as an opportunity to expand their base and are focusing on increasing awareness regarding mobile wallets and the many benefits it presents. Nevertheless, there are still some restraining factors, as identified by the report. These include lower memory and slow internet speed in some regions, inadequate power of processing, and dearth of mobile literacy.
So far, the U.S. and China have emerged as the strongest national mobile commerce markets. However, with the economic turnover in many countries, widespread growth of the m-commerce industry is imminent.
Companies mentioned in the research report
Judging from the rapid adoption of m-commerce across the globe, it is only natural that the rivalry within the industry should be strong. The presence of a plethora of prominent vendors supports the growth of the mobile commerce market and the contribution of domestic players cannot be ignored as well. Some of the key vendors operating in this space are Best Buy, MasterCard Inc., Google Inc., Netflix Inc., Visa Inc., Groupon, eBay Inc., Bank of America Corp., BlackBerry Ltd., GameStop, PayPal Inc., Apple Inc., Costco Wholesale Corp., Microsoft Corp., Target Corp., Alibaba Group Holding Ltd., and Amazon.com Inc.
Studying in depth the competitive landscape of the global mobile commerce market, the report focuses on key aspects of these players such as company profile and overview, financial holding, business strategy, product portfolio, mergers and acquisitions, and recent developments.
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Anti-fog Light Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
Anti-fog lights help drivers to navigate safely and avoid head-on collision in roads during foggy weather. In the automotive industry, anti-fog lights are generally placed in front of a vehicle below the head lamps. Sometimes anti-fog lights are placed both at the front and rear of vehicles. Anti-fog lights are crucial for vehicles operating in hilly and mountainous areas for safe driving. Lights emanating from anti-fog lamps must be compatible with lights produced by vehicle head lamps, so that the driver can view the road through the car windshield without any strain to the eyes.
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Rise in air pollution across the world resulting in increase in smog, subsequently increases the demand for automotive anti-fog lights and other anti-fog light devices. A factor driving the anti-fog light market is installing anti-fog lights in hybrid vehicles, electric vehicles, and vehicles with 12-volt electric architecture. Rising demand for electric vehicles across the world is increasing the demand for automotive anti-fog lights. Majority of automotive manufacturers such as Toyota, Nissan, and Volkswagen are using anti-fog lights in their automobiles. In response to increase in accidents due to foggy weather, global vehicle safety organization IRF (International Road Federation), based in Geneva insists that automotive regulatory bodies in different countries should mandatorily install front and rear fog lights in all vehicles.
In terms of technology used, the global anti-fog light market is segmented into Xenon, Halogen, and LED (Light Emitting Diode). Halogens are a group of non-metals including Astatine, Iodine, and Bromine Chlorine. Traditionally, while manufacturing anti-fog lights, halogens are the most preferred material used. Recently, LED technology is being used in developing anti-fog lights. Anti-fog light products made from halogen gas come as standard products compared to anti-fog light products made from LED. The up-front cost in adopting LED anti-fog lights is more than halogen anti-fog lights. The lifetime of anti-fog LED lights is more than halogen anti-fog lights. Xenon is an inert gas that is odorless, dense, and colorless. Anti-fog lights are also made by using Xenon gas.
In terms of vehicle type, the global anti-fog light market is bifurcated into motor cycles, passenger vehicles, commercial vehicles and others. Commercial vehicles include heavy trucks, buses, and other heavy vehicles. The market share of passenger vehicles is more than commercial vehicles in the anti-fog light market. The market is segmented by types of sales into OEMs (Original Equipment Manufacturers) and aftermarket sales.
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Geographically, the global anti-fog light market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to be a major anti-fog light market. The U.S. is expected to be a prominent anti-fog light market in North America followed by Canada. The U.S. is a major automotive and automobile market in the world. Europe is another major anti-fog market. Germany is expected to be the prominent anti-fog market in Europe followed by the U.K., France, Italy, and Spain. Germany is expected to be the largest automotive and automobile market in Europe. Asia Pacific is a significant anti-fog light market. China is expected to be the dominant anti-fog light market in the Asia Pacific region as it is a major automotive and automobile market in the world. Japan, South Korea, and India are other prominent anti-fog light markets in the Asia Pacific region. Middle East & Africa is another significant anti-fog light market led by GCC (Gulf Co-operation Council) and South Africa. GCC countries include Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates (UAE). South America is another major anti-fog light market led by Brazil and Argentina. Brazil is anticipated to be the largest anti-fog light market in South America.
The major players operating in the global anti-fog light market are OSRAM GmbH, Holophane, GE Lighting, Philips, Hella, Magneti Marelli, PIAA, Valeo, Hyundai Mobis, and Sammoon Lighting & Electrical Co., Ltd. among others.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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