Passive Fire Protection Market Analysis and Segment Forecasts to 2022

The global passive fire protection market is expected to reach USD 7.13 billion by 2022, according to a new report by Grand View Research, Inc. Growing demand for upscale residential projects is expected to drive the passive fire protection market.

Rising investment in automation and digitization of the industries coupled with growing use of passive fire protection in warehousing application is expected to drive growth over the forecast period. In addition, rising use of the product in automotive and shipbuilding is expected to drive the demand in Europe and North America. Growing need of minimizing the asset loss is also expected to fuel product demand over the next seven years.

U.S. passive fire protection market revenue, by application, 2012-2022 (USD Million)

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Further key findings from the report suggest:

• Intumescent coating segment is expected to grow at a CAGR of over 4.0% from 2015 to 2022. Rising investment by the oil & gas firms in improved exploration technologies including hydraulic fracturing and horizontal drilling is expected to drive the market demand. Intumescent coatings are being widely used in manufacturing and power industry.
• Industrial sector accounted for over 20.0% share of the passive fire protection market owing to capacity expansion and technology upgradation. In addition, government policies including the grant of incentives and subsidies to promote the development of new manufacturing facilities in emerging economies including India, Brazil and Africa is expected to augment demand.
• North America market is expected to grow at a CAGR of 4.5% from 2015 to 2022. Rising investment to improve their downstream capability and upstream operations prospect is expected to drive growth. The aerospace industry is expected to witness significant growth in the region owing to lower interest rates and availability of financing options.
• Europe demand for passive fire protection was valued at over USD 1.30 billion in 2014. Europe is expected to witness a steady growth in consumption from warehousing industry owing to rising investment to improve logistics infrastructure coupled with rising government initiatives to improve freight transportation services in the region. However, reducing oil imports coupled with stiff competition from new refining facilities in Asia Pacific and the Middle East is expected to affect the global share of Europe in oil & gas industry over the forecast period. This, in turn, is expected to pose a challenge to market growth over next seven years.
• Nullifire is a key market player which manufactures intumescent coatings, foams, fire curtains, seal bags, sealants and putty pads. In July 2011, Nullifire launched new service which helps public sector clients to ensure maximum fire resistance. Key companies include Lloyd Insulations (India) Ltd., Nullifire, Hempel, Sherwin-Williams, HILTI, and Carboline.

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Refrigerated Air Dryer Market Analysis, size and Growth to 2022

The global Refrigerated Air Dryer Market is expected to reach USD 1.59 billion by 2022, according to a new report by Grand View Research, Inc. It is primarily accredited to several benefits offered, such as the low operating & maintenance cost as well low initial capital investment. The capability to provide variation, high-energy efficiency, portability, low maintenance cost, and eco-friendly operations are other key factors projected to fuel the industrial demand for refrigerated air dryers over the next seven years.

The growing need for refrigerated air drying equipment in pharmaceutical industries for oxidation processes, packaging, cleaning & conveying pills, as well as tablets & capsules is also expected to fuel market demand over the next seven years. In addition, Food and Drug Association (FDA) enforced regulations for eradicating polluted air containing indirect additives under 12CFR 11.40, which is anticipated to impact the Refrigerated Air Dryer Market growth favorably over the forecast period.

Asia Pacific Refrigerated Air Dryer Market by application, 2012 – 2022 (USD Million)

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Further key findings from the report suggest:

• Cycling dryers accounted for over 40% of the overall volume in 2014 and are expected to witness a substantial growth at a CAGR exceeding 8.0% from 2015 to 2022. This increase is ascribed to the deployment of advanced sensors technology in the newly developed products that automate the entire air drying process.
• The chemical application segment captured a sizeable market share accounting for over 20% of the overall revenue in 2014. It is owing to the development of innovative chemical products such as biodegradable plastic, wherein these facilities call for compressed air drying equipment. The demand in the food & beverages industry exceeded USD 200.0 million in 2014 on account of the stringent regulations and standards imposed on food manufacturing & processing industries.
• In 2014, the pharmaceutical segment accounted for over 10% of the overall shipments. It is attributed to an upsurge in demand for treated compressed air in clean rooms and pneumatic systems that convey drugs in powder form.
• The Asia Pacific market accounted for over 30% of the overall share in 2014 and is estimated to exhibit healthy growth over the forecast period due to the growing industrialization in this region, particularly in China and India
• The evolving consumer lifestyle in North America is expected to drive a healthy demand for processed food, thereby driving the product demand. Furthermore, the establishment of new food processing industries in the U.S. may open avenues for product manufacturers.
• The key industry participants include Atlas Copco Group, Donaldson Company, Eaton Compressors and Fabrication, Inc., Gardner Denver Inc., Ingersoll Rand Inc., and Parker Hannifin Corporation. Companies focus on providing products with value-added services, such as international warranties and customized solutions, to gain competitive advantage.

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4K Set Top Box (STB) Market Analysis and Segment Forecasts to 2024

The global 4KSet Top Box (STB) market size is expected to reach USD 3.65 billion by 2024, according to a new report by Grand View Research, Inc.

Increasing demand for UHD 4K video content, surging sales of compatible 4K TVs and display devices is expected to positively shape the Ultra High Definition (UHD) set top box market’s growth prospects.

Content providers have begun offering sharper and immersive video content to the consumers on account of significant breakthroughs in the 4K technology. Large scale penetration of smart TVs has proved to be instrumental in escalating the demand for such sophisticated set top boxes. Industry vendors have leveraged on providing set top boxes with enhanced broadcast capabilities on Digital Video Broadcasting-Satellite (DVB-S/DVB-S2) standards.

The introduction of advanced OTT devices such as the Fire TV set top box devices from Amazon.com and Chrome cast media streaming devices by Google Inc. have opened up major growth avenues in the industry.

Increasing number of UHD content providers is expected to propel industry growth and is presumed to strengthen the industry’s growth prospects. However, high initial and up gradation costs, along with high subscription fees for 4K content is expected to challenge the industry growth over the forecast period.

North America 4KSTB market volume by product, 2013-2024, (Thousand Units)

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Further key findings from the report suggest:

• IPTVUHD set top boxes contributed to over20% of the market revenue in 2014 and are anticipated to witness significant growth over the next eight years. IPTV focuses on network scalability, end-user applications, and infrastructure. With IPTV, content is provided through an internet service provider’s own infrastructure, thereby ensuring UHD content streaming across subscribed devices.
• Hybrid set top box devices are expected to witness a substantial CAGR of over 5% throughout the forecast period. They enable smart TV programming and help viewers to access multiple TV delivery methods including cable, terrestrial, satellite and the internet. In addition, they include services such as video on demand, time-shifting TV, internet applications, and gaming applications.
• Projected to grow at a CAGR of over 3% from 2016 to 2024, the North America UHD set top box is expected to witness steady growth over the forecast period. STB hardware vendors are extensively focusing on providing UHD STBs with add-on features such as HDMI 2.0 multimedia interface and USB ports for playing media from external memory devices.
• The Asia Pacific 4K STB market accounted for over 25% of the global revenue share in 2014 and is presumed to witness significant growth over the forecast period. China and India are expected to incorporate considerable opportunities for regional industry growth, due to the strong presence of UHD STB manufacturers. OTT-based streaming devices are becoming the STB of choice for satellite TV providers in emerging markets such as China and India, where open-source content is abundant. The regional STB service providers harness the lucrative growth prospects by offering packages with live streaming video along with their own broadband offerings.
• Key market participants include Arion Technology, Amazon, Infomir, Roku, SAGEMCOM, and ZTE. Vendors are increasingly offering energy efficient STB devices in order to cut down energy consumption, specifically during their idle mode of operation. Manufacturers and service providers across the globe are increasingly providing advanced UHD STBs equipped with features such as interactive 4K content in order to be competitive in the industry.

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Cryogenic Equipment Market Analysis, Size and Growth to 2022

The global cryogenic equipment market is expected to reach USD 25.05 billion by 2022, according to a new report by Grand View Research, Inc. Stringent government initiatives and investments in emerging markets such as Brazil and India are expected to impel the product demand over the forecast period. Shale gas exploration has resulted in high natural gas production, thereby escalating demand in the oil & gas sector. Cryogenic equipment is widely used in LNG storage and transportation. LNG being an extremely low emission fuel is preferred by several regulatory bodies addressing environmental concerns, thereby driving the cryogenic equipment demand.

Rapid industrialization has led to widespread adoption of this equipment in the metallurgy industry. Development in metal design has resulted in the development of enhanced techniques for handling liquids and is expected to fuel market demand over the forecast period.

Asia Pacific cryogenic equipment market by end-use, 2012 – 2022 (USD Million)

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Further key findings from the report suggest:

• Tanks accounted for over 55% of the overall revenue in 2014. The need to store gases for several critical industrial processes as against conventional cooling lubricants (CLFs) is anticipated to drive the product demand over forecast period.
• Storage segment contributed over 65% of the overall revenue and is projected to display substantial growth with a CAGR exceeding 8% from 2015 to 2022. It provides a consistent and accurate temperature for storage and is expected to play a vital role in driving demand.
• Growth in the power & energy segment can be primarily attributed to rapid industrialization and several government initiatives. The segment accounted for over 20% of the revenue in 2014.
• Asia Pacific emerged as a dominant region with market size over USD 4.0 billion in 2014. The quest for Liquefied Natural Gas (LNG) in Asia Pacific is expected to drive growth over the forecast period, making it the highest revenue generating region.
• North America cryogenic equipment market is anticipated to experience significant growth over the forecast period. The North American food & beverage industry has witnessed a substantial growth over the last few years; a trend anticipated to provide an impetus for future market growth.
• Key market participants include Cryo pure, Packo Industry, Cryofab, Shell-N-Tube, Cryodepot, and Taylor-Wharton International LLC. Industry participants strive to focus on innovation and technical knowledge while simultaneously trying to own several patents and trademarks along with R&D activities. Purveyors abide by regulations such as DOE 6430.1A, DOE 5481.1B, DOE 5700.6C, CGA Pamphlet P-1, CGA Pamphlet S-1.1, ASME, and ASME B31.3 to manufacture safe and functional equipment.

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Network Access Control Market is Expected to be Worth USD 4.39 Billion by 202

The global network access control market is expected to be worth USD 4.39 billion by 2022. Rising demand for endpoint intelligence and risk mitigation have led to a high demand for NAC solution. Also, technological proliferation is also expected to augment the demand for NAC solution. Rising use of Internet of Things (IoT) and machine to machine networks is projected to fuel growth over the next seven years. Network access control is capable of addressing dynamic enterprise and regulatory scenario.

Several vendors in North America are investing in network access control solution due to which the market is likely to gain traction. The market is expected to present a lucrative opportunity for manufacturers as it attracts several large-scale investments. These investments are likely to contribute significantly to the industry growth in the region.

Countries in Asia Pacific including India and China have a tremendous potential for growth. Growing demand for cloud-based social and mobile technologies are extensively being used in the region which in turn is expected to propel demand over the forecast period. As a result, NAC solutions are projected to witness substantial growth over the forecast period.

North America market revenue by end-use, 2012-2022, (USD Million)

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Web-based businesses are implementing security solution to save themselves from malware, cyber-attack and online fraud which affect organizational functioning and hamper business continuity.

Government run organization and agencies are adopting NAC solution to filter unauthorized users, networks and device connections. Regulatory compliance policies including Payment Card Industry Data Security Standard (PCI DSS) and Control Objectives for Information and Related Technology (COBIT) are likely to propel market growth.

The growing demand for secure network infrastructure is expected to drive NAC solutions growth primarily due to its ability to provide real-time tracking. Moreover, the substantial growth experienced by web based businesses and e-commerce websites, have led to increasing demand for secure infrastructure for carrying out e-transactions.

The online banking system is expected to present positive growth opportunities for BFSI vertical. The constant demand for high-end technology to combat hackers and malware by these institutions would augment the growth of NAC industry in this vertical. IT, financial institution and telecommunication companies have emphasized on endpoint intelligence and risk management efforts.

Vendors are focussing on adding functionalities such as post-connect and pre-connect to these solutions. Major steps are being taken in resolving the interoperability issues of NAC and making it more reliable. Key industry players include StillSecure, Portnox, Juniper Networks, Bradford Networks, Check Point Software Technologies, Aruba Networks, ForeScout, Cisco, Sophos, Bradford Networks, Aruba Networks, Pulse Secure, and Trustwave.

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Engineering Services Outsourcing Market is Expected to Reach USD 415.74 Billion by 2020

The global engineering services outsourcing market is expected to reach USD 415.74 billion by 2020. Rising cost pressures on firms leading to constrained R&D budgets is expected to be a primary growth driver for the industry. Companies prefer to outsource the service as it enhances efficiency, improves processes, lowers time to market products. In addition, it yields cost advantages which in turn relates to profit maximization. In addition, dynamic consumer buying behavior leading to shorter product life cycle is projected to fuel market growth.

High competition among leading companies has given rise to cost reduction across companies in several industries including consumer electronics and automotive. In order to reduce costs, companies have initiated augmenting their capabilities by utilizing outsourced IT services. This further leads to cost minimization thus benefiting the company in the long run. Outsourcing engineering services allow businesses to get the most out of constrained budgets and focus on more critical issues. However, the threat of intellectual property theft is expected to hinder industry growth.

Growing dominance of telecom sector is attributed to the integration of business and operations support systems which require significant back-end equipment and expertise by the telecom industry.

ESO market share by application, 2013

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Increasing demand for consumer electronic products has resulted in leading companies expanding their service portfolio. However, smaller market players owing to their cost constraints heavily rely on engineering services outsourcing to cater growing demand. As a result, the segment is expected to witness the highest growth among other application over the projected period. Key engineering services required for manufacturing these consumer electronic devices such as embedded software development, design & testing, and development & testing are increasingly outsourced to ESO vendors, thus driving industry growth.

Asia Pacific demand for engineering services outsourcing was valued at over USD 44 billion in 2013 and is expected to experience substantial growth over the forecast period. Growth can be attributed to strong manufacturing base in the region and presence of a large talent pool. Emerging economies including India and China are projected to be leading growth in the region.

Europe is expected to grow at a CAGR of more than 25% over the period of six years owing to a high inclination among European firms to outsource engineering activities with the same country or within western European nations to ensuring regulatory compliance.

Key players in the industry include Tata ELXSI, QuEST Global, HCL Technologies Ltd, Tata Consultancy Services, Wipro, MindTree Ltd., and Infosys Ltd. Other companies include Aricent Group, VanceInfo Technologies Inc., Corp., Infotech Enterprises Ltd., Global Logic, EPAM Services, Cybage Software Pvt. Ltd., KPIT Cummins Infosystems Ltd., IGATE, and Calsoft Labs.

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Software Defined Networking (SDN) Market Analysis, Size and Growth to 2020

Software Defined Networking (SDN) Market Analysis By End Users (Enterprises, Cloud Service Providers, Telecommunications Service Providers), By Solutions (SDN Switching, SDN Controllers, Cloud Virtualization Applications) And Segment Forecasts To 2020

software defined networking market is expected to reach USD 4.91 billion by 2020. Software defined networking separates the control pane from the forwarding plane in a network. This helps in efficient data flow control and provides network administrators with a software-based approach to managing the network. Increasing need to implement cloud computing services in an organized and productive market is expected to drive the market growth. Also, the rise in demand for proliferation and mobility of mobile devices is projected to fuel market growth further over the forecast period.

Software defined network provided a software interface for a system administrator to control and manage the network in an easier and efficient manner thereby helping in setting up of efficient network infrastructure.

Enterprises accounted for over 38% of the market share in 2013 and were the largest end-user segment. This trend will continue over the forecast period owing to increasing demand from various end-users including retail chains and hotels.

Global Software Defined Networking (SDN) market by end user, 2012 – 2020, (USD Million)

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Telecommunications service provider segment is projected to be the fastest-growing segment over the forecast period at a CAGR of more than 40% over the forecast period.

Cloud virtualization applications in SDN solution accounted for over 25% market share and are projected to be the fastest and largest growing segment over the forecast period.

North America, due to the need for highly advanced network infrastructure in the region and high penetration of mobile devices, is expected to remain the largest market over the forecast period.

With trends including bring your own device (BYOD) catching up in Asia Pacific due to a growing need for a manageable network, the region is projected to be the fastest-growing market over the forecast period with a CAGR exceeding 45%.

Global SDN market consists of many players providing end to end solutions. The industry is characterized by strategic initiatives such as frequent mergers and acquisition and strategic collaborations to consolidate market share and offer software, hardware as well as services. Some of the major industry players are NEC, Juniper Networks, VMware, HP, and Alcatel-Lucent.

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3D Scanning Market Analysis, Size and Growth to 2020

The global 3D scanning Market is expected to reach USD 4.90 billion by 2020 on account of increasing requirement from numerous applications. Rapid technological advancements to develop innovative products including 3D digitization that have the ability to render high resolution and rapid scanning techniques are expected to have a positive impact on growth.

Need to preserve the historic edifice and aging infrastructure with historical significance worldwide are projected to have a positive influence on the industry. Growing demand from software solution suppliers and hardware manufacturers is expected to augment growth. Technology has become more accessible to professionals owing to continuous enhancements which result in driving sales thereby propelling demand in the market. However, high-priced scanners are expected to impede the 3D scanning industry.

Laser scanners were the leading product segment and contributed to over 60.0% of the overall market in 2013. The structured light product sector is projected to gain prominence over the forecast period owing to numerous applications in varied segments on account of its ability to create rapid prototypes with great accuracy and precision.

Global 3D scanning market by product (USD Billion), 2012 – 2020

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Short range scanners occupied the largest market share in 2013. New techniques including structured light and laser triangulation that has a focal distance less than a meter are estimated to drive growth over the forecast period.

The industrial manufacturing segment accounted for over 30.0% of the overall market revenue owing to numerous advantages including improved accuracy and compatibility offered by the product. Also, it also allows better worker safety across multiple applications for widespread data capture, thus propelling the industry.

3D scanners can effectively scan virtual medium online and represent art pieces in a virtual museum set up. The introduction of 3D portable scanners is expected to witness growth owing to its growing demand in archeology sector which aims at preserving and archiving architectural pieces from museums. The industry is projected to grow on account of various reverse engineering techniques that have the ability to preserve remains and virtual restoration

The upsurge in 3D media and content along with technological improvements have resulted in high-resolution videos and high-quality images owing to growth in new product launches, thus driving demand. The smartphone industry has witnessed significant growth due to device up gradation by original equipment on account of their 3D imaging capabilities.

Europe emerged as the dominant region in the industrial sector and is anticipated to impact positively regional growth over the forecast period. Key market players include Maptek, Topcon, FARO Technologies, Ametek (Creaform), 3D Digital Corp. and Basis Software Inc (Surphaser). Key growth strategy involves technological innovations and development of cost-efficient devices. The market is identified by mergers and acquisitions and intense competition in software and hardware segments. Companies cater to industries including manufacturing, aerospace, research & education and consumer products.

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Ground Handling System Market Analysis and Segment Forecasts to 2022

The global ground handling system market size is expected to reach USD 189.09 billion by 2022, according to a new report by Grand View Research, Inc.

The substantial growth prospects of the aircraft ground handling system market can be attributed to a global increase in the passenger and cargo air traffic. Support by several governments worldwide and the local airport authorities are also stimulating the industry growth. Aviation and local airport authorities regulate the operations of handling equipment related to the safety of airliners, passengers, and the cargo to be transported.

The multi-billion-dollar expansion of airline fleets and airports globally has set off significant growth prospects for the aircraft handling industry players.Both, airlines operators and airports are focused on procuring and implementing advanced technologies to meet the rising air traffic and ensuring greater profitability, performance, and efficiency amidst stiff competition.

An emerging trend in the industry is the use of renewable energy sources to power equipment. Biogas-powered snow removal equipment, which is an eco-friendly approach, is being developed increasingly to carry out snow removal at airports. Furthermore, with the integration of IT in ground support operations, companies are increasingly developing innovative ground support software to address the specific needs of handlers.

North America ground handling system market by service, 2012-2022, (USD Billion)

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Further key findings from the report suggest:

• Aircraft support equipment accounted for over40% of the overall market share in 2014 and is poised for significant growth over the next seven years. The growth in this segment can be attributed to increasing global airline fleets at the airport, and increased prominence of air travel.
• Baggage and cargo handling service segment is anticipated to witness substantial growth over the forecast period, growing at a CAGR of over 10% from 2015 to 2022. The growth in baggage and cargo support service is dependent upon the increase in the number of commuters using air travel, and an increase in air cargo transport.
• Projected to grow at an estimated CAGR of over 10%, from 2015 to 2022,ramp support service is expected to witness significant growth over the next seven years. The growth in ramp handling service segment can be attributed to increasing demand for passenger movement, aircraft towing, parking assistance, and aircraft marshaling.
• The ground handling system market in Asia Pacific accounted for over 25% of the overall market share in 2014 and is presumed to witness significant levels of growth over the forecast period.India and China are expected to incorporate considerable opportunities for regional industry growth, due to increasing urbanization, large population, eventually leading to extensive domestic traveling.
• The Middle East regional market is presumed to witness substantial growth over the forecast period, growing at a CAGR of close to 9% from 2015 to 2022. The region incorporates significant growth potential owing to asurge in aviation activities in the form of expansion,modernization, and domestic air travel.

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Construction Equipment Rental Market Analysis and Segment Forecasts to 2022

The global construction equipment rental market was valued at USD 34.24 billion in 2014 and is anticipated to reach USD 84.60 billion by 2022. Increasing construction activities across the globe and rising government investment in emerging economies are projected to drive market demand in the coming years.

The abundance of modern and productive equipment in rental fleets along with ongoing infrastructure development is expected to fuel demand. Rented construction equipment has several benefits such as ease of replacement, cost effective approach, less technical charges, lower maintenance cost, reduced transportation and less servicing requirement. These factors have been continuously driving the demand in the coming years.

The material handling rental machinery segment is anticipated to grow at a CAGR of 13.0% from 2015 to 2022 on account of increasing focus on automated production facility.

U.S. construction equipment rental market by product, 2012 – 2022 (USD Million)

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Earthmoving rental machinery market was valued at USD 19.27 billion in 2014 and is projected to witness significant gains at a CAGR of 12.3% by 2022. Growing demand for heavy equipment from emerging economies is anticipated to drive growth shortly.

The emergence of advanced machinery with eco-friendly and low maintenance features is expected to outcast conventional equipment in the coming years. The high purchasing power of consumer with changing preference for rental equipment has also resulted in the high adoption of rental products.

Middle East rental equipment industry is projected to witness substantial growth at a CAGR exceeding 15% by 2022 owing to ongoing construction activities and extensive focus on sustainable expansion practices such as eco-friendly building construction. Rising capital investment in retail, hospitality, banking, transportation, energy, infrastructure and agriculture programs and development of metal and mining sector in the region are considered to be the major driving factors for the growth of the market.

Asia Pacific construction equipment market accounted for 25% of the total revenue in 2014 and is expected to witness significant growth shortly. Rapid urbanization, commercialization of industry, burgeoning population, robust fiscal growth, and increasing government initiatives are expected to drive the market in the coming years.

North America is projected to grow at a CAGR of over 10% by 2022. Economic revival coupled with increasing capital investments is estimated to compliment demand in the region. Increasing residential construction with increasing investment along with volatile energy pricing and favorable regulations is expected to escalate volume sales in the European market.

Major industry players include United Rentals, Hertz, Neff Rental, Ahern Rental, Loxam Group, and Sunbelt. Other participants include Quippo, Finning, Ahern Rental, American Equip Company (Ameco), Maxim Crane Works, Gemini Equip and Rentals, and Sunstate Equip Company. The construction equipment rental industry is very capital intensive in nature. Moreover, the market is characterized by mergers & acquisitions, joint ventures, and strategic alliances to increase their market penetration.

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