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With the boom in the construction industry, the demand for heating, ventilation, and air-conditioning (HVAC) services is rising rapidly in the U.S. Because of the rapid urbanization, increasing population, and the soaring construction of various buildings and establishments, the construction industry is exhibiting rapid expansion in the U.S. For example, as per the U.S. Census Bureau, the country’s population is predicted to rise by nearly 7% from 2019 to 2029.

Furthermore, with the increasing implementation of government initiatives aimed at augmenting the home ownership rate, the construction of residential buildings is soaring rapidly in the country. For example, the U.S. government announced an increment of nearly 2% in its budget allocation for various construction projects. With the launch of several construction projects, the demand for HVAC equipment will explode, which will, in turn, propel the requirement for HVAC services in the country in the coming years.

Browse detailed report - U.S. HVAC Services Market Analysis and Demand Forecast Report

Besides the aforementioned factors, the rising focus on energy efficiency is also positively impacting the requirement for HVAC services in the country. Furthermore, the surging replacement rate of HVAC devices and equipment is augmenting the need for associated services in the country, which is, in turn, driving the expansion of the U.S. heating, ventilation, and air-conditioning (HVAC) services market. The valuation of the market is predicted to grow from $25,625.8 million in 2019 to $35,714.5 million by 2030.

Depending on type, the U.S. HVAC services market is divided into maintenance & repair, upgradation/replacement, and installation and consulting. Out of these, the upgradation/replacement category recorded the highest growth in the market in the past years. In the coming years, the consulting category is predicted to exhibit the highest CAGR in the market. Consulting services include visual inspection, which is usually carried out by HVAC technicians for identifying potential issues in the equipment before recommending it for maintenance.

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The surging adoption of mobile communication technologies, such as 5G and 4G, burgeoning demand for mobile devices, and rising adoption of the internet of things (IoT) technology will propel the radiofrequency (RF) transceiver market at a CAGR of 0.8% during the forecast period (2020–2030). The market was valued at $3,892.1 million in 2019 and it is projected to reach $3,384.5 million revenue by 2030, on account of the decline in the prices of RF transceivers. In recent years, the escalating demand for wideband transceivers has become a prominent market trend.

One of the key growth drivers for the market is the escalating usage of mobile phones across the world. According to the International Telecommunication Union (ITU) World Telecommunication Database, in 2019, 7.98 billion people across the world were using mobile phones. In recent years, these devices have rapidly penetrated the developing countries, such as India and China, due to their prospering economies, escalating disposable income of people, and growing public awareness of connected devices and new technologies.

Browse detailed - RF Transceiver Market Revenue Estimation and Growth Forecast Report

Currently, the RT transceiver market is highly consolidated and competitive, with the presence of several global players. Some of the key players in the market are Skyworks Solutions Inc., Fujitsu Ltd., Telefonaktiebolaget LM Ericsson, ZTE Corporation, Qualcomm Incorporated, Huawei Technologies Co. Ltd., Broadcom Inc., Murata Manufacturing Co. Ltd., Qorvo Inc., Nokia Corporation, STMicroelectronics N.V., NXP Semiconductors N.V., Analog Devices Inc., ON Semiconductor Corporation, Texas Instruments Incorporated, Samsung Electronics Co. Ltd., and Infineon Technologies AG.

Categories under the application segment of the RF transceiver market are mobile devices, embedded modules, add-on cards, routers, and others, such as gaming and customized devices. Under this segment, the mobile devices category generated the highest revenue in 2019, due to the burgeoning reliance of people on wireless communication networks. Moreover, the rapid adoption of mobile phones in Asia-Pacific (APAC) countries, such as Japan, India, and China, is also facilitating the growth of this category.

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The requirement for commercial refrigeration equipment has increased due to the rising consumption of ready-to-eat products. The consumption of such food items is rapidly escalating among the middle class, especially in the Oriental world, owing to the mounting disposable income and surging influence of the Western lifestyle. The changes in eating habits are leading to an increasing number of food and restaurant chains, supermarkets, and hypermarkets, which require commercial refrigeration equipment in abundance. Moreover, with the changing food consumption pattern, small grocery stores and unorganized restaurants are also upgrading their infrastructure by deploying large refrigeration equipment.

In recent years, India, China, and Brazil have witnessed substantial growth in their organized food retail sector, due to the rapid urbanization in these countries. For instance, the urban population of India is estimated to reach around 1.4 billion by the end of 2023; and in China, it is expected to reach over 1.4 billion by 2025. This will accelerate the commercial refrigeration equipment market at a CAGR of 3.0% during 2020–2030. The market stood at $24.6 billion in 2019 and it is projected to reach $33.9 billion by 2030.

Browse detailed report - Commercial Refrigeration Equipment Market Analysis and Demand Forecast Report

End users, including supermarkets/hypermarkets, convenience stores, departmental stores, offices and buildings, hospitality units, government organizations, and healthcare facilities, can procure commercial refrigeration equipment from specialty stores, online stores, and hypermarkets or supermarkets. In the coming years, the end users are expected to rapidly shift toward online distribution channel, due to the increasing usage of smartphones, growing penetration of the internet, and the booming number of discounts and offers provided by e-commerce platforms. Moreover, these platforms allow customers to compare a wide range of products by evaluating the specifications of different alternatives.

These distribution channels offer walk-in coolers, display showcases, ice merchandisers & ice vending equipment, and beverage refrigeration equipment for the customers. Among these products, walk-in coolers were the most widely adopted commercial refrigeration equipment, globally. Whereas, in the coming years, beverage refrigeration equipment will be adopted at the highest pace, due to the soaring consumption of beverages, worldwide. Besides, the rising need to impede corrosion and enhance the aesthetics will also boost the requirement for such equipment during the forecast period.

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The Asia-Pacific (APAC) region is witnessing a surge in the installation of internet of things (IoT)-enabled emergency lights, as the technology makes it easy for private and public organizations to preserve more energy via smart lighting systems. IoT allows lighting solutions to adapt to environmental conditions, such as rain and fog, thereby, ensuring adequate illumination according to the requirement and maximizing energy consumption. Furthermore, the integration of IoT helps in testing and monitoring all emergency lights from any location at any time.

These technological advancements along with stringent guidelines by governments pertaining to safety in numerous establishments will drive the APAC emergency lighting market at 10.1% CAGR during 2019–2024. The market generated revenue of $1.2 billion in 2018, which is expected to reach $2.1 billion by 2024. For instance, safety norms in India state that restaurants, schools, offices, and shopping malls should have emergency/fire exits. Such escape routes must carry appropriate symbols and should be properly illuminated to indicate exists in emergency situations. Emergency lighting solutions offer constant lighting and help in safe evacuation.

Browse detailed - Asia-Pacific Emergency Lighting Market Revenue Estimation and Growth Forecast Report

Currently, the APAC emergency lighting market is observing the trend of rising installation of light-emitting diode (LED) lights, due to the low-electricity consumption associated with the LED technology, in comparison to other technologies. Owing to the high-energy efficiency, these lights are considered a cost-effective option, especially in the long run. Moreover, LED emergency lights are less fragile and have longer life span, which make them more suitable in times of energy scarcity. Further, reducing prices of LED lamps have propelled the demand for these lights in recent years.

Emergency lights are widely used in industrial, commercial, and residential units of APAC nations. In the coming years, residential facilities are expected to deploy the largest quantity of emergency lights, especially in Taiwan, China, South Korea, and Japan. These countries mostly deploy central power emergency lighting systems, due to longer battery life and easier battery replacement in these systems, as compared to self-contained systems. With the surge in construction activities, rapid urbanization, and robust industrialization, manufacturing plants, housing units, and commercial units will witness growth, thereby, amplifying the utilization of emergency lighting systems.

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The trend of indoor farming is picking up as it can protect crops from natural forces, such as too much rain, drought, hail and snow, too much sunlight, and pests and rodents. This is becoming important in a time when the weather patterns are becoming increasingly erratic. Now, incessant or no rain, extended droughts and periods of dryness, and sudden hail are becoming common. Such events destroy crops growing in the open, which leads to revenue loss for farmers and reduced food supply for the millions of people on the earth.

Thus, the growing trend of indoor farming will drive the grow lights market to $5,954.1 million by 2023 from $2,653.2 million in 2016, at a 12.5% CAGR between 2017 and 2023, as per P&S Intelligence. This will be because being farmed indoors, plants need to be provided with artificial light in order to carry out photosynthesis. Hence, the role of the natural sunlight is taken over by modern lights, the color and intensity of which can be controlled based on the crop type and stage of growth.

In this regard, the burgeoning population is playing a key role in the rising sale of such products. Farmers are already finding it hard to feed people from the land they own, and the population growth predicted over the years is only going to make this situation worse. Moreover, with the increasing number of people, cities are expanding, which is eating into arable land, thus putting the agrarian community under added pressure. This is the key reason that in many parts of the world, indoor farming is being practiced in large warehouses, buildings, and even shipping containers.

However, this approach significantly increases the capital and operational expenditure. This is because specialized equipment, such as grow lights, needs to be procured, maintained, and regularly replaced. This is why among the different types of lights available for the purpose — fluorescent, high-intensity discharge, induction, light-emitting diode (LED), and plasma — LED lights have been the most popular till now and they will continue being so in the coming years. “Residential LEDs -- especially ENERGY STAR rated products -- use at least 75% less energy, and last up to 25 times longer, than incandescent lighting.”, says the U.S. Department of Energy.

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A number of factors such as the surging need for industrial automation solutions, rising demand for mobile cobots from the automotive industry, increasing government initiatives, and reducing operational costs are projected to drive the growth of the mobile collaborative robots market at a CAGR of 26.3% during the forecast period (2020–2030). According to P&S Intelligence, the market size is expected to reach $6.8 billion by 2030 from $543.3 million in 2019. Moreover, the market is witnessing a trend of surging use of bin-picking mobile cobots in warehouses and factories.

One of the prime factors aiding the mobile collaborative robots market is the surging need for industrial automation solutions. The rise in complexity of production processes, increase in focus on higher productivity, high labor costs, and labor shortage have increased the demand for industrial automation solutions, across the world. Moreover, companies in developing countries like China and India are adopting automation solutions heavily to improve productivity and counter labor shortage, thereby enhancing their capability to compete in the global market.

Read More: Mobile Collaborative Robots Market Analysis and Demand Forecast Report

The application segment of the mobile collaborative robots market is categorized into pick & place, welding, material handling, assembling, and machine tending. Among these, the assembling category is projected to record the highest CAGR in the coming years. This can be ascribed to the fact that mobile cobots are required on a large scale in the assembly application, as these help in reducing assembly time and thus increasing the speed of manufacturing. With the surging automation level in the manufacturing sector, the need for such cobots is rising for assembly purposes.

Moreover, the mobile collaborative robots market is categorized into electronics, manufacturing, automotive, retail, mining & mineral, agriculture, aerospace & defense, and healthcare, based on end user. Out of these, the electronics category is expected to hold the largest market share by 2030. This can be attributed to the rapid adoption of mobile cobots by manufacturers in the growing electronics industry to increase their productivity and perform repetitive tasks in less time. These products are offered to electronics manufacturers by Teradyne Inc., Aubo Robotics Inc., Yaskawa Electric Corporation, Kawasaki Heavy Industries Ltd., Fetch Robotics Inc., Bosch Rexroth AG, and ABB Ltd.

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