Sustainable & Smart Technologies
Atmospheric water generator (AWG) market to chronicle a colossal CAGR of 30% over 2016-2024, driven by the pivotal factor of water resource depletion
Water scarcity has taken on a serious turn for the worse in recent years, contingent to which, the growth of atmospheric water generator market has observed a new high. A research study published in 2016 claims that the Earth’s renewable freshwater entirely amounts to approximately 10 million cubic kilometers. While this figure may seem large from the context that it equals around 4 trillion Olympic-sized swimming pools (assuming around 2500 cubic meters per pool), it technically aggregates to lesser than 1%, compared to the water in glaciers and oceans. In effect, water source depletion is the crisis of the hour, in consequence to which it has become crucial for global regulatory organizations and regional governments to undertake a sustenance action for betterment. This has necessitated a huge demand for atmospheric water generators – devices that extract water from humid air, which will indirectly carve out a profitable growth map for AWG industry. Large corporations, it is reported, have also been collectively making efforts to develop newer technologies to combat water shortage. EcoloBlue, a key player in atmospheric water generator market, had made a crucial decision in late 2016, of supplying AWGs to Flint, Michigan to overcome water shortages in the region, demonstrating a vital instance of corporates taking on social responsibility.
U.S. Atmospheric Water Generator Market size, by application, 2013-2024 (USD Million)
The process of water extraction from ambient air does not seem to be contemporary. Back in the days of the yore, water was often condensed from thin air, by means of fog fences, air wells, and dew ponds. Borrowing the proverbial leaf out of these ancient books, major companies have been conceiving novel technologies to generate water from air. The efforts, for most parts, have borne fruit, as depicted by estimates – in 2015, atmospheric water generator market size stood at USD 800 million. This valuation can be credited to the ever-growing population demanding a consistent increase in freshwater supply, which has been depicting a shortage due to rainfall scarcity coupled with rising temperatures. This has gradually led to atmospheric water generator industry players pioneering innovative condensing & generation engines for AWGs, to extract water from humid air. It is to be remembered that this technology works best in temperate climates only, in moderate to high humidity. Nonetheless, the technology has been touted to be highly effective, and may combat the problem of water availability in the ensuing years, thereby propelling atmospheric water generator market.
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The contribution of a regulatory framework toward AWG industry growth:
The government has mandated a set of stringent regulations to be complied with, with regards to water shortage, which has undoubtedly provided a positive impetus to atmospheric water generator market.
- The European Union has enforced the Drinking Water Directive to ensure clean, water supply to the European nations for commercial, residential, and industrial purposes.
- The EPA and REACH have also mandated norms with regards to optimized water usage and safe water supply will also act as a catalyst to atmospheric water generator industry growth.
- The WHO states that around 45% of the global pollution is caused by means of pathogenic microorganisms. In this regard, the U.S. government has launched the Safe Drinking Water Act in a bid to ensure clean water supply to the county’s populace, which will majorly impel AWG market.
- The SDWA has also been formed to protect the quality of drinking water in the U.S. in order to focus on all the liquids designed for drinking – from above the ground as well as under the ground.
As per analysts, atmospheric water generator industry is projected to exceed a stupendous USD 8 billion by 2024, from merely USD 800 million in 2015, thereby enlisting AWG market in the coveted billion-dollar business space. Investors staking their claim in atmospheric water generator market will thus, stand to accrue substantial profits by the end of 2014 and beyond, given the projected pace at which AWG market has been evolving.
A rather succinct insight into the application landscape of AWG market:
- AWGs find widespread applications across extensive end-use sectors such as construction, manufacturing, paper & pulp, oil & gas, and steel, which will invariably boost atmospheric water generator industry from industrial applications. As per estimates, this segment is projected to record a CAGR of 25% over 2016-2024.
- Commercial avenues such as office buildings, multiplexes, malls, hotels, and military camps depict an enormous utilization scope for AWGs. Analysts claim France AWG market rom commercial applications to grow at a rate of 20% over 2016-2024, given the deployment of AWGs in theaters, malls, commercial properties, and army base camps.
- The residential sector is one of the most lucrative segments of atmospheric water generator industry. In 2015, the segment was reportedly valued at USD 13 million. However, the expanding construction sector, growing population, and the subsequent necessity for housing will necessitate the demand for large-scale AWG installations. On these grounds, AWG market from residential applications has been forecast to register a CAGR of more than 30% over 2016-2024, with a valuation of over 100 thousand units in terms of volume, by 2024.
Atmospheric water generator industry share may be constrained on the grounds of high electricity consumption, increasing concern toward GHG emissions and high technology costs. Despite being a rather transformative technology, its deployment may face glitches at certain times. Certain units are likely to require more than 2.5 kWh per liter of power for operation, which may lead to problems in its deployment in areas with high electricity tariffs. Nonetheless, major AWG market giants such as Island Sky Corporation, Saisons Technocom and Watair Inc., Ecoloblue, Atlantis Solar, Fujian Yuxin Electronic, and Konia have been ramping up their efforts to conceptualize innovative technologies that may reduce GHG emissions and associated costs to a great extent, which will gradually catalyze atmospheric water generator industry share in the ensuing years.
Author Name : Saipriya Iyer
According to new study based Report on Bring Your Own Device by Global Market Insights, BYOD market size worth USD 94.15 billion in 2014 is forecast to reach USD 350 billion from 2015 to 2022. The report provides granular quantitative information on market together with key BYOD industry insights.
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Recently BYOD has been adopted across various verticals including logistics and retail, Telecom, IT, manufacturing, healthcare, public etc. This surging adoption of this system for enhancing organizational productivity is expected to drive the market growth.
Increasing use of, tablets, and laptops is anticipated to have a positive impact on the market. Furthermore, the proliferation of smartphones and 4G LTE is expected to fuel the market growth. A smartphone is expected to be the most preferred device, as it simplifies handling of both personal life and office work. The tablet segment is forecast to witness substantial growth over 130 billion in a predicted time frame.
Healthcare, financial services and insurance industry segments are predicted to be most key verticals. Moreover, both mid-to-large sized and small scale businesses have started adopting the system and are predicted to further the growth.
The report discusses the in-depth analysis of the Bring Your Own Device industry at the regional level, including India, Korea, Indonesia, Taiwan, Japan, Australia, China, Singapore, New Zealand, Malaysia, Philippines, and U.S.
U.S. BYOD market is expected to continue its dominance with the largest market share in the projected time frame. Asia Pacific BYOD market share is likely to witness substantial growth, at a growing CAGR of 20% during the expected period owing to lower hardware expenses, and surging smartphone penetration.
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The report covers competitive analysis of the market discussing the profiles, key market strategies of major market players accumulating major market share in the market are: Alcatel-Lucent, Cisco Systems, MobileIron, Good Technology,and IBM Corporation.
Increased productivity owing to growing use of personal devices is expected to trigger the market growth. Possible security threats, including device theft, challenges in tracking data and risk exposure, etc. need to be addressed to support the employees.
The report features:
- Market Definition for BYOD along with restraints, drivers, challenges, opportunities and adoption of trends in the market
- Market sizing and forecast
- Segmentation of competitive market and assessments on a regional scale
- Distribution channel assessment
- Analysis with factors influencing the market landscape
- Competitive Analysis of major market participants, company profiles and strategic activities
- Pricing and substantiality trends
Author Name : Dhananjay Punekar
U.S. solar tracker market to exhibit remarkable proceeds over 2017-2024, driven by favorable regulatory framework
Solar power has emerged from a niche segment to mainstream electricity source, the prime factor that has upscaled solar tracker market demand immensely. Solar trackers help in improving the energy output by orienting the payloads toward the sun. In fact, estimates claim that these trackers are capable of increasing the power output by almost 10-25% than their conventional counterparts, depending upon the geographic location of the tracking systems. Undoubtedly, technological innovations have played a pivotal role proliferating the overall market trends.
North America Solar Tracker Market Size, By Application, 2016 & 2024 (USD Million)
For instance, NEXTracker, one of the pioneers of solar tracker industry, has recently launched a solar plus energy storage solution named NX Fusion Plus, reportedly in November 2016. This groundbreaking innovation integrates a self-powered single-axis tracker, battery, software, and inverter into a single platform to provide a better ROI to the solar plant owner. This is arguably one of the biggest breakthroughs of recent times in the solar tracker market landscape, given the fact it is claimed to be the first of its kind. Some of the other biggies involved in solar tracker industry include Grupo Calvijo, Abengoa, SunPower, First Solar, and Wuxi Hao Solar, and, Array Technologies.
Favorable incentives such as soft loans, feed-in-tariffs, tax rebates implemented by governments of developing & developed nations have complemented solar tracker market penetration. Clean energy demand has witnessed a comprehensive upsurge with the growing urbanization, solar power demand being at the pinnacle. In this regard, it is important to note that the economics of solar power market has been improving rapidly. A large number of leading companies are inking solar deals not only to experience green credentials but also to diversify their supply sources at comparatively lower costs. Alongside, increasing global concern regarding the detrimental consequences of greenhouse gas emission has brought a renewed attention to the solar power sector, with a subsequent demand for solar tracker industry as well. As per Global Market Insights, Inc. global solar tracker industry is forecast to exceed a revenue of USD 27 billion by the end of 2024, exceeding an annual installation of 70 GW over the coming seven years.
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Speaking along the similar lines, a diversified range of strategies implemented by international organizations pertaining to the reduction of greenhouse gas emissions has catered solar tracker market commercialization. For instance, the Energy Star Program initiated by the United States EPA demonstrates the profitability potential by the reduction of GHG emission and energy consumption. The program deals with providing the consumers and the organizations enough technical information regarding the benefits of choosing energy efficient solutions. Driven by a favorable government participation in the deployment of energy efficient solutions, U.S. solar tracker industry is forecast to exceed an installation of 12GW by 2024. Indonesia has also profoundly enlisted its name in the global industry landscape, taking into consideration the country’s National Action Plan of greenhouse gas reduction. Under the presidential reduction plan, the country has set a target to reduce GHG emission by 26% by 2020. Solar tracker market is indirectly characterized by such exemplary initiations across the globe, in extension to which the market investors are betting big on the commercialization landscape.
The growth of solar tracker industry is extremely dynamic and varies strongly with geographies. While many countries have already incorporated solar trackers in their solar panel for a more energy efficient output, there are many underdeveloped regions that are still hesitant about deploying this highly efficient technology. Subject to their inbuilt complex design and operation, these trackers are slightly more expensive than their stationary counterparts, which can be taken as a stumbling obstacle hindering the market penetration. However, ongoing electrification programs promoting deployment of energy efficient solutions along with several incentive benefits pertaining to clean energy power generation is expected to upswing solar tracker market demand in the coming years.
Author Name : Satarupa De
Identity and access management market to accumulate sizable returns from the IT & telecom sector: North America to emerge as a lucrative investment ground over 2018-2024
A robust increase in the adoption of advanced technologies such as cloud computing and IoT will drive the identity and access management market in the upcoming years. IAM apparently makes businesses more agile, efficient and scalable, and also offers them considerable benefits such as reduced risk of data breaches, centralized access control, ensured regulatory compliance, improved user experience, and a significant reduction in IT costs. This has quite overtly led to a spurt in investments in IAM market from venture capitalists and enterprise organizations.
Japan Identity and Access Management (IAM) Market Size, By Solution, 2017 & 2024 (USD Million)
IAM industry has also received a considerable boost from robust investments in new artificial intelligence and machine learning solutions that are being undertaken for managing the rapid proliferation of identities and achieving least privileged access. For instance, recently Google established a collaboration with Facebook to develop their artificial intelligence to offer users a much better work experience.
Proliferation of workplace mobility is a major factor that would propel identity and access management market. Global acceptance of workplace mobility by businesses has empowered employees to work from anywhere, at any time and from any device. As per sources, by 2020, mobile workforce will reach to about 105.4 million people, that translates to roughly 72.3% of the total workforce in the U.S. On a global scale, the number is set to reach 1.87 billion by 2020, or 42.5% of the worldwide workforce. These statistics provide vital evidence to the fact that identity and access management market share is likely to soar in the years to come.
The Internet of Things has already redefined the concept of identity management. As IoT moves beyond consumer mainstream wearables and into massive enterprise deployments, IT teams are paying more attention towards securing access to the networks that connect to valuable products, including smart grid hardware, factory equipment, and more. IAM and privileged access management (PAM) demands are expected to become more complicated, with tougher obstacles and exponentially more endpoints. In consequence, the requirement of a strong IAM solution would become more commonplace, thereby augmenting the overall IAM industry.
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IT & telecom applications to drive the IAM market trends:
The rapidly escalating growth in the telecom & IT sector is certain to impel identity and access management market. As the IT & telecom industry works with a large user base, it is essential for the service providers to maintain the security of the sensitive user data. According to a survey by The Communications Fraud Control Association (CFCA), the telecommunications industry experienced $38.1 billion in fraudulent charges in 2016. As per CFCA, cyber fraudsters are seemingly working to develop new ways to siphon money from renowned, well-established organizations of various sectors.
The aforementioned survey results are a strong indicator of the fact that the IT sector will serve to be one of the most profitable growth avenues for IAM market. By implementing IAM solution business could be shielded by fraudsters and hackers, eventually saving billions in remuneration for organizations. According to Global Market Insights, Inc., identity and access management market size from IT and telecom applications was worth USD 1,420 million in 2017 and is expected to register a commendable growth rate over the ensuing years.
Unveiling North America IAM industry outlook:
North America is undoubtedly one of the most crucial regional generators for identity and access management market. In 2017, North America accounted for a mammoth 46% of the overall industry share, primarily on account of the changing workforce requirements and the surging adoption of cloud applications and BYOD. The U.S. the most dominant regional ground for North America IAM market, given that security is the foremost crucial parameter for the plethora of companies in the country.
North America IAM market has also received a considerable boost owing to the presence of a stringent regulatory landscape in the region. The continent is known to face periodic cybersecurity thefts – in 2017 alone, the average cost of a data breach was around USD 117,000 for SMEs and USD 1.3 million for large enterprises. On these grounds, the regional governments have undertaken stringent initiatives and invested extensively to come up with highly secure systems to protect user data, thereby propelling North America IAM industry share.
Some of the most prominent contenders in the global identity and access management market include IBM Corporation, SailPoint Technologies Holdings, Inc., Okta, Inc., Symantec, Gemalto, Crossmatch, Oracle, HID Global Corporation, CA Technologies, OneLogin, Inc., OpenText Corp., Ping Identity, ForgeRock, Net IQ, and Dell, Inc. These companies are often found conducting mergers and acquisitions to increase their business reach and expand their customer base. For instance, Marsh, a global leader in insurance broking and innovative risk management solutions, recently announced a collaboration with IBM Corp. to provide clients with a wider access to blockchain solution for ensuring proof of insurance.
IAM solutions have proven to be effective in reducing challenges faced by organizations with regard to security and privacy such as data loss, data leakage, insecure usage, and insider attacks. IAM also decreases burden on the IT departments due to its self-service functionality. Driven by the fact that IAM delivers secure ways for authentication, authorization, and management of users without compromising on convenience and usability, the global IAM market share is anticipated to grow at a CAGR of 10.4% over 2018-2024.
Author Name : Mateen Dalal