Smart Meters Market Is Expected To Grow At A CAGR Of 9.8% From 2014 To 2020: Grand View Research, Inc.

Global smart meters market was estimated at 59.6 million units in 2012. Government initiatives for increasing the number of installations for smart meters on account of its energy conservation functionality will play a vital role in the growth of the product.

Growing consumer awareness about energy consumption is also likely to propel the demand over the forecast period. Smart meters allow for easy monitoring and managing the consumption of electricity by consumers on a daily basis routine. Rising demand for smart meters among energy suppliers is expected to boost the market growth to resolve power outages, hardware faults and to enhance promptness in delivery customer service.

Global demand is expected to reach 165.5 million units generating revenues worth USD 22.18 billion by 2020. Smart meters are an effective technology to control rising level of radioactive emissions in the eco-system, and thus, various environment protection policies are initiated to favor smart meters installation over the next few years.

Increasing demand for eco-energy and effective transmission facilities further add to the steady growth of smart meter market in the current scenario. Integrated value chain with the presence of information sharing referring to its usage rate and tariff amount is key competitive advantages for the industry players.

Residential applications accounted for 82.6% of the global shipments in 2012 and the trend is anticipated to continue over the forecast period. An increasing number of installation in housing apartments and bungalows is projected to drive growth at 10.0% CAGR from 2014 to 2020. However, this segment accounted for a significantly smaller market share in terms of revenue in 2012.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/smart-meters-market

North America smart meters market revenue by application, 2012-2020, (USD Million)

 

 Further key findings from the study suggest:

·         Commercial applications accounted for more than 35% of the global revenue in 2013 and is expected to grow in the future owing to the growing demand for electricity meters with a high level of flexibility. The market is also driven by administrative regulations, aligned expenses and growing awareness for energy conservation.

·         Europe and North America smart meter market are projected to foresee a favorable growth in the near future owing to favorable administrative and regulatory policies in these regions. The European market is expected to grow substantially owing to an increasing focus on energy conservation to achieve drop-down usage rate of electricity.

·         Asia Pacific contributed to 25% of the revenue share in 2013 and is expected to grow at a CAGR of 10.4% from 2014 to 2020 on account of increasing demand for smart grid projects to achieve enhanced power supply over the forecast period. China is an emerging market for smart meters and is predicted to increase at a significant rate on account of the expansion of smart grid project and supportive regulations with a focus on sustainable energy consumption.

·         Key industry players include Echelon, Itron, Sensus, Holley, Elster, Aclara, Jiangsu Linyang and Landis+Gyr. The market was dominated by Itron, which accounted for 24.3% of the total market share in 2013. The companyprovides comprehensive solutions to electricity, energy, water, software, gas and consulting segments.

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Grand View Research has segmented smart meters market on the basis of application and region:
Smart Meters Application Outlook (Volume, Million Units and Revenue, USD Million; 2012 – 2020)
        • Residential
        • Commercial
        • Industrial
Smart Meters Regional Outlook (Volume, Million Units and Revenue, USD Million; 2012 – 2020)
        • North America
        • Europe
        • Asia Pacific
        • RoW

Market Report - Automotive Lighting Market to represent US$34.65 bn Opportunity Globally by 2022

The automotive lighting market is anticipated to reach USD 34.65 billion by 2022. Strict government policies and rising safety concerns are likely to propel growth over the forecast period. In addition, growing consumer awareness concerning the significance of adaptive lighting including dynamic bend light and a glare-free high beam is also expected to have a positive impact on the exterior lighting market.
Increasing apprehensions about using energy efficient methods coupled with rising consumer disposable income are expected to drive the industry. In addition, growing demand for vehicles and technological advancements in the automotive industry are expected to propel utilization. Attractive growth opportunities for new entrants are expected in the industry owing to the growing number of total vehicles purchased y-o-y across BRIC nations. However, there is a need for legislative authorities to collaborate with light sourcing technology suppliers to develop flexible design techniques.
Automotive LED market is estimated to demonstrate considerable growth at a CAGR of over 12.0% from 2015 to 2022. Halogen lights contributed to over 66.0% of overall industry revenue in 2014, followed by LED and xenon. It has gained prominence on account of easy availability, low purchasing costs, and low replacement costs. However, rising fuel prices are expected to pose a threat to the industry.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/automotive-lighting-market

Further key findings from the report suggest:

·         The increase in demand for eco-friendly LED technologies on account of high efficiency, reduced CO2 levels, and high power, is expected to propel growth. Companies have been trying to develop eco-friendly LED to promote product differentiation and strengthen their global foothold. LEDs are used in daytime running lights (DRL), parking light, brake lights and turning lights. LEDs are preferred over xenon and halogen lights owing to optimum light bearing capacities and improved design which lead to increased shelf life. 

·         The adaptive headlight is an active safety feature that is intended to enhance the drivers’ visibility in poorly illuminated areas. It encompasses functionalities including automatic rotation which can sync with sensors and adjust brightness and intensity of light. Front lighting segment constituted for over 70.0% of the total revenue in 2014 owing to the availability of advanced features including automatic rotation which can sync with automatic brightness modules and sensor response. Extreme climatic conditions in Europe and North America is expected to trigger demand for fog lights over the forecast period. 

·         Automotive lighting industry in Asia Pacific is estimated to grow at a CAGR of over 8.0% and acquire a market share of about 45.0% over the forecast period. The continuous expansion of suppliers coupled with a vast production base is expected to position this region as the market leader. Countries including India, Japan, and China account for the major production base for vehicles globally, thus offering extensive growth opportunities. 

·         Key companies including Hella KGaA Hueck & Co., Koito Manufacturing Co., Magneti Marelli S.p.A and Valeo. Vendors usually employ the strategy of new product development and mergers & acquisitions to enter new markets. The introduction of low-cost LEDs and energy-efficient alternatives is foreseen as a cost-effective strategy for the industry.

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Grand View Research has segmented the automotive lighting market on the basis of technology, application, and region:
Automotive Lighting Technology Outlook (Revenue, USD Million, 2012 – 2022)

·         Halogen

·         Xenon

·         LED

Automotive Lighting Application Outlook (Revenue, USD Million, 2012 – 2022)

·         Front/headlamps

·         Rear

·         Side

·         Interior

Automotive Lighting Regional Outlook (Revenue, USD Million, 2012 – 2022)

·         North America

·         Europe

·         Asia Pacific

·         RoW

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

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Industrial Robotics Market Will Grow Rapidly Owing To Increased Demand In Electronics Industry Till 2020

The global industrial robotics Industry was estimated at USD 25.68 billion in 2013 and is expected to reach USD 40.00 billion by 2020 owing to increased number of deployments in the manufacturing sector to simplify complexities and enhance productivity. Industrial robots are being increasingly used to simplify business activities including marketing, designing, selling, building, installing, maintaining and operating.
An increased emphasis has been laid on productivity index to sustain in the competitive environment of the manufacturing sector and achieve quality results is expected to drive the industrial robotics market. Increasing labor costs coupled with growing demand from automotive industry is anticipated to be a key driving factor in the industry.
Manual labor has eventually replaced with self-programming robots owing to the job efficiency and cost-effectiveness on account of their ability to sense environmental changes through integration of sophisticated sensors. Growing measures concerning safety rights of laborers are also expected to augment growth in the market.
Application of robots in non-automotive industries namely chemicals, food & beverages, electronics, and electricals have resulted in the development of new opportunities and prospects over the past few years. Increasing installation costs and lack of skilled labor are expected to pose a challenge for the companies.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/industrial-robotics-market

The U.S. industrial robotics market by application (USD Million), 2012 - 2020

 

Further key findings from the study suggest:

·         In 2013, automotive robots contributed to the highest market share by volume. The market is projected to gain prominence over the forecast period on account of technological advancements and integration of artificial intelligence. Increasing demand from heavy machinery and food processing industries are also expected to have a positive impact on growth over the coming years.

·         Asia Pacific accounted for the largest market in 2013 on account of substantial investments by organizations to expand globally. Countries including Korea, Japan, and China have experienced significant growth owing to supportive government programs involving tax incentivisation, investments in skill management, and R&D funding while Singapore, Taiwan, and India are anticipated to have a high potential for growth.

·         Rising production capacities in North America coupled with the modernization of factories are expected to result in an increasing number of robotic installations. Significant investment in robotics by automotive industry players in Europe is projected to augment demand over the forecast period.

·         The industrial robotics market encompasses numerous Japanese suppliers namely Denso, Motoman and Fanuc. Europe comprises of specialized industrial robotics establishments including Kuka and Comau along with prominent corporations including BAE and ABB Systems.

·         New entrants are expected to emphasize on a particular application and find ways to diversify to cope with high capital cost. Initiatives including “Blue Competence” sustainability initiative by Anlagenbaue.V. (VDMA) and VerbandDeutscherMaschinen, which aims at achieving environmental sustainability through technological modernization, is expected to propel growth in the coming years.

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Grand View Research has segmented the global industrial robotics market on the basis of application and region:
Industrial Robotics Application Outlook (Volume, Thousand Units & Revenue, USD Billion; 2012 – 2020)
    • Automotive
    • Electrical/Electronics
    • Metal/Heavy Machinery
    • Chemical, Rubber & Plastics
    • Food
    • Others
Industrial Robotics Regional Outlook (Volume, Thousand Units & Revenue, USD Billion; 2012 – 2020)
    • North America
    • Europe
    • Asia Pacific
    • RoW

Market Publisher - Microwave Oven Market Growth, Forecast To 2022

The global microwave oven market size is expected to reach USD 12.70 billion by 2022, according to a new study by Grand View Research, Inc. The market is expected to witness a sluggish growth in North America and Europe as microwaves have entered the mature stage of the product life cycle.
Majority of the revenue is generated from the section of population exhibiting willingness to spend on premium kitchen appliances. Changing lifestyles of people, especially the working class, have increased the popularity of frozen and ready-to-eat packaged foods which has positively impacted market growth.
Inclination towards the use of traditional cooking equipment can be viewed as a hindrance for microwave ovens’ adoption, especially in developing countries. High electricity consumption and the costs associated with it are expected to challenge industry growth, which has led to manufacturers developing energy efficient microwaves.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/microwave-oven-market

North America microwave oven market demand by product, 2012-2022, (USD Million)

 

Further key findings from the study suggest:

• Convection ovens accounted for over 45% of the market share in 2014, which can be primarily attributed to their ability to cook food faster. In addition, these microwave ovens facilitate the cooking of multiple items simultaneously. Vegetables, cookies, roasted meats and cookies can be effectively prepared in a convection microwave oven. Grill ovens also contributed to a significant portion of the market revenue. Increased emphasis on healthy eating habits has propelled the demand for grill ovens as they are used for roasting food in a very short duration.
• Household microwave ovens contributed to over 60% of the overall revenue in 2014. Demand for household oven primarily originates from the working segment owing to quicker food preparation times. A surge in the establishment of hotels and fast food centers has favorably impacted microwaves’ adoption in commercial applications as they enable the serving of a large volume of food in shorter durations.
• Built-in microwaves have gained prominence over the last few years owing to their compact nature which facilitates their accommodation in modular kitchens. They also enhance the aesthetics of the kitchen as they can fit in a wall or a cabinet, thereby offering some counter free space in the kitchen. Counter-top microwaves are available in various sizes and can be installed manually without the need of an expert, owing to which they occupied a majority of the revenue share.
• North America accounted for over 30% of the market in 2014 which can be attributed to high penetration of microwaves across households and commercial establishments. The industry has reached its maturity stage in the U.S. and also several European countries, resulting in a potentially sluggish growth rate over the forecast period. Most of the microwave sales in North America and Western Europe are expected to emerge from customers opting for premium microwaves. The microwave oven industry has substantial growth prospects in the Asia Pacific region as majority of sales are expected to originate from customers purchasing microwaves for the first time.
• Key industry participants include Samsung, LG Electronics, Panasonic, Electrolux, and Galanz. Companies focus on product differentiation and geographical diversification as key strategies to expand their presence and achieve higher market penetration. Manufacturers also emphasize on the development of energy efficient microwaves to lower electricity consumption.

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Grand View Research has segmented the global microwave oven market on the basis of product, application, and region:

Microwave Oven Type Outlook (Revenue, USD Million, 2012 - 2022)

• Convection
• Grill
• Solo

Microwave Oven Application Outlook (Revenue, USD Million, 2012 - 2022)

• Commercial
• Household

Microwave Oven Structure Outlook (Revenue, USD Million, 2012 - 2022)

• Built-in
• Counter top

Microwave Oven Regional Outlook (Revenue, USD Million 2012 - 2022)

• North America
• Europe
• Asia Pacific
• RoW