Tuesday, 7 June 2016

Industrial Agitators Market Is Expected To Reach USD 3.46 Billion By 2024, Growing At A CAGR Of 6.5% From 2016 To 2024: Grand View Research, Inc.



The global industrial agitators market is expected to reach USD 3.46 billion by 2024, according to a new report by Grand View Research, Inc. Industrial agitators market is expected to witness high growth owing to the rapid industrialization in emerging economies such as Brazil, India, and China. Increasing industrial activities in these countries are enhancing the demand for highly-efficient agitators.
Agitators are efficiently used in the food &beverage, chemical and wastewater treatment applications. Hence, growing adoption of mixing and blending technology in process industries is projected to drive the market over the forecast period.
Agitators are machines, which processes the products in industries for mixing liquids, increasing heat transfer and to promote the reaction of chemical substances. Demand for customized and advanced devices specific to the end-user application is further expected to drive market growth. Chemical and wastewater treatment industries have high complex agitation demand, which is further boosting the demand for these devices.


Further key findings from the report suggest:
 ·         Top entry segment is estimated to grow at a CAGR of over 6.5% from 2016 to 2024.These agitators have long durability and offer homogenous and mixing needs of consumers as per their requirements. Moreover, increasing adoption in the chemical and oil & gas industry is boosting the overall industry growth.
·         Chemical is a key application and is expected to dominate the market, growing at a CAGR of over 6.5% from 2016 to 2024. Increasing growth of chemical industry in the Asia Pacific region is projected to propel the demand for industrial agitators over the forecast period. They are used for uniform mixing of various liquids and follow rigid specifications for cleanliness, consistency, and accuracy.
·         The North America industrial agitators industry is expected to remain the largest market owing to the widespread adoption of these devices in various industrial sectors. However, the regional market is highly saturated, and demand for efficient and technologically advanced agitators is increasing for replacing the existing devices. The regional industry is projected to account for over 30% by 2024, growing at a CAGR of over 6.0% from 2016 to 2024.
·         Asia Pacific is expected to be the fastest-growing region owing to the growth in the industrial sector. Moreover, favorable government policies are boosting the regional demand.
·         Key players in the industrial agitators market include Sulzer Ltd, Xylem Inc., EKATO Group, SPX Corporation and Philadelphia Mixing Solutions Ltd. The market is highly competitive owing to the presence of numerous manufacturers’ incorporating innovative technologies to offer product differentiation.

Browse All Reports of this category @ http://www.grandviewresearch.com/industry/electronic-devices

Grand View Research has segmented the industrial agitators market on the basis of equipment, and region:
Industrial Agitators Product Outlook (Revenue, USD Million, 2015 - 2024)
·         Top Entry
·         Side Entry
·         Bottom Entry
·         Portable
·         Static
Industrial Agitators Application Outlook (Revenue, USD Million, 2015 - 2024)
·         Chemical
·         Water And Wastewater Treatment
·         Oil, Gas And Petrochemical
·         Food And Beverages
·         Pharmaceutical
·         Others
Industrial Agitators Regional Outlook (Revenue, USD Million, 2015 - 2024)
·         North America
·         Europe
·         Asia Pacific
·         RoW

Monday, 6 June 2016

Visible Light Communication/Light Fidelity Market Is Expected To Reach USD 101.30 Billion By 2024: Grand View Research, Inc.



The global VLC/Light Fidelity (Li-Fi) market is expected to reach USD 101.30 billion by 2024, according to a new report by Grand View Research, Inc. Increasing concern over cyber security is anticipated to drive demand over the forecast period.
Growing need of green technology solutions with low power consumption is encouraging the development of advanced communication systems.VLC is a disruptive technology and is therefore expected to grab a substantial portion of the Wi-Fi industry in the near future. However, the adoption is at the nascent stage and is currently being used for niche applications, due to which, an extensive R&D investment would help market players to obtain a competitive advantage.
High illumination, longer life and low power consumption of has led the implementation of LED as a component in LiFi systems. Government promotions for smart LED bulbs in developed countries such as the U.S., and the UK are expected to provide a massive infrastructure base to the VLC system providers.
Increasing applications of indoor location-based services embedded with light fixtures in retail shops and hotels is projected to be one of the factors driving revenue growth. Several companies such as GE Lightings, ByteLight Inc. including Koninklijk Philips N.V. are deploying VLC installations in supermarkets which in turn is aiding retailers to tie customers’ shopping history by tracking their location details. This is helping the retailers to deliver on-site information tailored to a customer needs.
Advancements in the automotive industry are projected to enhance the safety of commuters. This is being executed through the vehicle to vehicle (V2V) and vehicle to the roadside (V2R) communication by installing LEDs in headlight and tail light of the vehicle. However, high installation and repair cost are projected to obstruct the large-scale implementation of these systems, especially in the emerging economies.


Further key findings from the report suggest:
·         In 2014, LED captured a sizeable industry share for over 40% of the overall revenue. Need for safer and reliable communication system using LED lightening has led to an upsurge in demand across commercial buildings, traffic lights, smart stores, game consoles, and consumer electronics.
·         LED technology is projected to be an important component in the VLC system. It enables transmitted signals to utilize various bandwidths as the medium for transmission. Low power consumption, long productive life of LED products has led to profitable opportunities for industry growth.
·         Automotive & transport application segment is estimated to witness high growth and is expected to reach over USD 19.0 billion by 2024. The technology is capable of delivering real-time traffic updates for proper traffic management and road safety featuring vehicle tracking. LED-based traffic lights are also expected to provide a short-route guideline to the driver and help in saving traffic congestion.
·         North America visible light communication (Li-Fi) market is anticipated to grow at a CAGR of 75.9% from 2016 to 2024. This can be primarily attributed to the increasing data traffic and rising adoption of communication system along with the availability of advanced infrastructure. RF spectrum overuse has led increased the data traffic, hence, providing broad growth avenues for the adoption of VLC communication systems.
·         VLC market in Asia Pacific is anticipated to witness substantial growth owing to rising awareness among smartphones consumers. The region is expected to account for around 30% of the overall revenue share by 2024. The existence of major players is expected to propel demand across this region.
·         Notable companies operating in the VLC market include PureLifi, Velmenni, Oledcomm, IBSEN Telecom, and Visilink. The technology is predicted to penetrate across smart cities, wireless sensor networks, augmented reality (AR) applications, ubiquitous networks, power over Ethernet (PoE) and M2M communication.
·         Several institutes and consortiums such as the University of Oxford, Visible Light Communication Consortium (VLCC), Keio University, and Smart Lighting Engineering Research Centre are focusing on innovation and product commercialization


Grand View Research has segmented the VLC/Li-Fi market on the basis of component, application and region:
Visible Light Communication Component Outlook (Revenue, USD Million, 2013 - 2024)
·         LED
·         Photodetector
·         Microcontroller
Visible Light Communication Application Outlook (Revenue, USD Million, 2013 - 2024)
·         Retail
·         Automotive & Transportation
·         Consumer Electronics
·         Healthcare
·         Defense & Security and Aviation
Visible Light Communication Regional Outlook (Revenue, USD Million, 2013 - 2024)
·         North America
·         U.S.
·         Canada
·         Europe
·         Germany
·         UK
·         Asia Pacific
·         China
·         India
·         Japan
·         Latin America
·         Brazil
·         Mexico
·         MEA

Friday, 3 June 2016

Automotive Lighting Market Size Was Valued At USD 19.64 Billion In 2014, Growing At 12.0% CAGR From 2015 To 2022: Grand View Research, Inc.



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.


Further key findings from the study 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.

Browse All Reports of this category @ http://www.grandviewresearch.com/industry/electronic-devices

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

Wednesday, 1 June 2016

Compressed Air Treatment Equipment Market Is Estimated To Reach $8.59 Billion By 2020, Will Witness Augmented Demand In Healthcare Sector



The Global Compressed Air Treatment Equipment Market is expected to reach USD 8.59 billion by 2020, according to a new study by Grand View Research, Inc. Surging demand for compressed air treatment equipment across a vast array of applications is expected to drive market growth over the forecast period. Compressed air systems are used by a large percentage of manufacturers on a global scale, which has necessitated treatment equipment installation so as to meet air quality standards suited for the target applications, and is also expected to spur market growth over the forecast period.
Several regulatory mandates and standards have been formulated to support production and utilization of clean air, which is expected to significantly contribute to the industry growth. However, delivering compressed air to manufacturing facilities requires equipment that is expensive, needs frequent maintenance and consumes significant amount of energy, which may pose a challenge to compressed air treatment equipment market growth over the forecast period. Technological proliferation and development of more energy efficient equipment across several applications provides avenues for market growth.


Further key findings from the study suggest:
  • Dryers emerged as the most dominant product segment in 2013, and accounted for over 40% of the compressed air treatment equipment market in the same year. Dryers form a crucial component any compressed air equipment as they help remove moisture or water droplets effectively. Adsorber filters are also expected to witness significant growth over the next few years, which can be attributed its ability to easily remove any chemicals or gases within the compressed air.
  • Process air is expected to remain a sizable application segment over the forecast period. This can be primarily attributed to the increased demand of compressed air treatment equipment across the food & beverage and pharmaceutical industry that require clean, oil-free, dry and sterile compressed air.
  • North America emerged as the largest regional market in 2013, closely followed by Asia Pacific. North America accounted for over 30% of the global compressed air treatment equipment market in the same year. Presence of several manufacturing facilities is expected to fuel the regional market growth over the next six years.
  • Key market players include Donaldson Company Inc, Atlas Copco Corp, Ingersoll-Rand, Gardner Denver Inc, Van Air Inc., Kaeser Compressors and Parker Hannifin Manufacturing Limited. Development of technologically advanced and cost-effective compressed air treatment equipment is expected to be a critical success factor for companies operating in this market.
Browse All Reports of this category @ http://www.grandviewresearch.com/industry/semiconductors

For the purpose of this study, Grand View Research has segmented the global compressed air treatment equipment market on the basis of product, application and region:
Compressed Air Treatment Equipment Product Outlook (Revenue, USD Million, 2012 – 2020)
    • Filters
            • Particulate filter/pre-filter
            • Coalescing filter/oil removal
            • Adsorber filter/oil vapor removal
            • Filtered centrifugal separator
            • High temperature afterfilters
            • Moisture separators
    • Dryers
            • Refrigerated dryers
            • Desiccant air dryers
            • Membrane dryers
            • Deliquescent dryers
    • Aftercoolers
    • Others
Compressed Air Treatment Equipment Application Outlook (Revenue, USD Million, 2012 – 2020)
    • Plant Air/Shop Air
    • Instrument Air
    • Process Air
    • Breathing Air
Compressed Air Treatment Equipment Regional Outlook (Revenue, USD Million, 2012 – 2020)
    • North America
            • U.S.
            • Mexico
    • Europe
            • Germany
            • UK
    • Asia Pacific
            • China
            • India
            • Japan
    • RoW
            • Brazil