UHD/4K Panel market to witness massive gains from television application over 2016-2024, U.S. to be a prime revenue contributor
The consumer electronics sector is soaring with the growing popularity of UHD TVs. The UHD/4K panel market has already generated a heavy momentum in this space with the development of next generation TVs. Ultra HDTV has gradually emerged from a techie’s dream to consumer reality in the recent past. This UHD technology is unlocking transformative, awe-inspiring, and enhanced viewing experience with a minimum resolution of 3840 x 2160 pixels. 4K resolution provides around 8 million pixels and is called so as a result of the images being about 4,000 pixels wide.
The increasing number of platforms offering higher resolution of HD content will further expand UHD panel industry growth. Moreover, government initiatives to minimize custom duties particularly in India and China and the dropping prices of 4K panels will stimulate UHD market over the coming years. UHD/4K Panel Industry is estimated to grow at a rate of 11% over the period of 2016-2024.
North America UHD/4K panel market size by application, 2013-2024 (USD Million)
In 2015, the television application accounted for over 55% of revenue share and is set to register a CAGR of 11% over the period of 2016-2024. Demand for better customer viewing due to improved picture quality will propel 4k panel industry growth.
Retail is another booming sector which has been penetrated by the UHD technology. This is undoubtedly helping retailers to display their products with minute details and supreme clarity. A memorable shopping experience with UHD displays owing to its superior quality is attracting larger consumer base, thus driving ultra-high definition panel market. Digital display screens market worth USD 4 billion in 2015 is set to witness a significant growth curve, owing to rising demand from the advertising and publishing sectors. The growth of digital signage market due to rising commercial application in advertising is also worth noticing.
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Devices equipped with UHD panel are highly energy efficient and durable. LG, Toshiba, Sony Electronics, Panasonic, Philips, Sharp, BOE Technology Group, Hisense Group, and Samsung Electronics are the major players accumulating maximum share of ultra-high definition panel industry. These players are highly emphasizing on product development and customer service to keep up with growing competition for providing better image quality. The demand for 60-inch and above screen size is projected to record a substantial growth in UHD/4k panel market.
For achieving better displays of mobile and tablet screens, LED technology is used which accounted for more than 45% in 2015 and is estimated to grow at an annual rate of 8.8% over the period of 2016-2024. LCD segment is another booming technology, projected to record USD 18 billion by 2024, owing to its lower power consumption feature. LCD uses the light modulating properties of liquid crystals which is gaining high preference in global UHD panel industry.
In terms of regional split, Asia Pacific ultra-high definition panel market share catered for over 20% of the overall industry in 2015 and is set to hit a CAGR of 11.6% over 2016-2024. North America 4K panel market, led by the U.S., is estimated to generate a revenue share of over USD 19 billion by 2024. The regional growth is subject to huge tech-savvy consumer base and intensive adoption of HD technologies.
Early deployment of this technology is likely to show tremendous growth prospects for future trends in 4K panel industry. Heavy investments in research and development will send strong undercurrents for the future of consumer electronics. Developments in this area are really going to be interesting to watch over, in the next couple of years.
Author Name : Ojaswita Kutepatil
Europe air compressor market to witness remarkable proceeds over 2018-2024, global industry to be driven by rising rotary air compressor sales
The debut of a breakthrough compressed air technology by Ingersoll Rand unrefutably adds up an extra feather to air compressor market growth. Ingersoll Rand, one of the leading names in air compressor industry is reported to unveil the advanced R-series oil flooded screw compressors (RS200 to RS250) and enriched CARE Suite service programs at ComVac 2017, Germany, this year. As claimed by the global leader, this next generation R-series compressors is almost 15% more energy competent when compared to conventional products. Speaking of CARE suit service, the company affirmed that by far it is the most comprehensive maintenance offering available in the market, with an improved reliability and cost competitiveness.
U.S. Air Compressor Market Size, By Application, 2013 – 2024 (USD Million)
One of the most prominent technologies in air compressor market is the rotary-based product. Rotary compressors are deployed across a slew of prominent industries such as mining, printing, healthcare, and metallurgy. Driven by their expansive implementation, rotary-based products hold a majority of the overall industry share – indeed, rotary air compressor market size has been expected to surpass a valuation of USD 15 billion by 2024.
Spanning the gigantic expanse of industrial sector, air compressor market is on its way of becoming one of the fastest growing business spaces of recent times, given the widespread product deployment across food & beverage, electronics, oil & gas, and manufacturing domains. The year 2017 has attained a profitable quotient for the overall industry, in terms of remuneration. One of the principal reasons why air compressor industry has gained an enviable popularity is the robust industrialization across APAC belt over the recent years. Macro-economic development along with increased disposable incomes across major economies like India, China, Japan has remarkably stimulated APAC automotive sector, another factor that has boosted air compressor market demand.
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In fact, as per the reliable statistics, APAC automotive market is probably one of the fastest emerging business spaces, bearing a record of almost 51.5 million units of automotive sales in 2016. In addition, this region is a profound investment destination for various European auto makers who have already initiated establishment of capitally intensive manufacturing units in Asia Pacific belt. Air compressor industry is essentially defined as a business arena which is closely linked with automotive sector proliferation, subject to the fact that air compressors find extensive application in vehicle air conditioning system, air breaks, and engines.
Unveiling Europe air compressor market trends
Apart from the Asia Pacific, another regional hub that has depicting growth in the automotive industry is Europe. Consequently, the region has come up as one of the most reliable spheres for the expansion of the air compressor industry, pertaining to the requirement of these products across a spate of industries in the continent. Europe is renowned to have an extraordinary presence globally in the industries of manufacturing, home appliances, and electronics.
As the investments across these end-use domains rise, the demand for air compressors is likely to increase drastically, that would eventually impact the commercialization portfolio of Europe air compressor industry in the years to come.
Stringent mandatory roll outs implemented by governmental bodies with regards to sound pollution is somehow acting as a major hurdle in air compressor market growth, subject to the fact the operation of conventional air compressors involve high level noise. However, the aggressive efforts by the industry players to come up with noise proof technologically advanced solutions is expected to combat the growth hurdles in the coming years. Some of the renowned names include Kaeser Kompressoren, Vanair, Atlas Copco, VMAC Company, AireTex Compressors, Zen Air, Belaire Compressors, Quincy Compressor, Ciasons Industrial, Sullivan-Palatek, Hitachi Industrial Equipment Systems, and Oasis Manufacturing.
Author Name : Saipriya Iyer
Pharmaceutical sector to drive global flow chemistry market growth over 2016-2024, APAC to lead the regional demand
Flow chemistry market is poised to witness a lucrative roadmap ahead with the products’ ability to enable sustainable manufacturing processes, owing to the minimal energy consumption, maximum production, and cost effectiveness with deployment of these products. Driven by the paradox shift observed in preference of ecofriendly processes both in chemical and pharmaceutical sectors, the market looks extremely promising from growth perspectives in the coming timeframe. As per a report by Global Market Insights Inc., “Flow chemistry market is estimated to surpass USD 2 billion by 2024, registering a remarkable annual growth rate of 10% over the period of 2016-2024.”
U.S Flow Chemistry Market share, by end-user, 2013-2024 (USD Million)
Harmful toxic gas emissions which has been a major concern in the chemical sector for years, now can be addressed with the adoption of flow chemical processes as these involve least heat exchange and consequently offers better reaction productivity. In response to this fact, chemical manufacturing units are emerging as one of the prominent revenue contributors of the flow chemistry industry.
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Pharmaceutical sector is further adding to a huge share of the flow chemistry industry. The report estimates that this sector will be the fastest-growing segment in the end-use landscape. Rising preference of flow chemistry products over batch reactors driven by safety parameters, usage in drug manufacturing, and ability to increase the production rate at a lower cost are the factors driving the flow chemistry market size in pharmaceutical applications.
North America flow chemistry market on this ground is experiencing a rapid growth with the expanding petrochemical and pharmaceutical industry base. It is set to register a CAGR of 9% over the period of 2016-2024. U.S. is the prominent country leading the regional growth with considerable natural gas and petrochemical feedstocks.
Petrochemical and chemical industry is also witnessing a huge adoption of flow chemistry products. In this regard, continuous stirred tank reactor has gained a significant prominence in the flow chemistry industry having dominated the flow chemistry product landscape in 2015. The huge demand for these products is driven by their ability to substantially increase the productivity with a parallel reduction in the cost.
Academic & Industrial research units are also driving the industry share lucratively. The most common product deployed across these units are Microreactor systems, which possess superior heat and mass transfer properties, thereby regulating the heat during chemical reactions. As per the estimates, Microreactor systems flow chemistry market is projected to witness highest gains at 15% over the coming seven years.
In 2015, Asia Pacific led the regional race and dominated the global flow chemistry industry landscape. The growth path ahead looks strong for APAC with the shifting focus of the manufacturers to establish manufacturing units in this region, driven by its low initial investment and promising government backing. India and China will be the major revenue pockets for APAC over the coming timeframe, backed by the large manufacturing base across these countries.
The commercialization of flow chemistry products is one of the major roadblocks for this industry growth as it requires heavy capital investments and advanced equipment. However, with the current developments in the market such as collaboration of manufacturers with the petrochemical, pharmaceutical, and chemical MNCs will combat the growth restraints.
Flow chemistry market is consolidated with the major giants sharing more than 40% of the business space. However, the company is still competitive and is governed by the major differentiation parameters of pricing and technological advances. Key flow chemistry industry participants include Uniqsis Ltd, Koninklijke DSM N.V. FutureChemistry Holding BV, ThalesNano, AM Technology, Vapourtec Ltd, Chemtrix B.V., and Milestone Srl.
Author Name :Satarupa De
APAC to Drive Construction Chemicals Market Growth over 2016-2024, India and China to be the Major Revenue Pockets
Construction sector is surging at a rapid pace across BRICS nations, making vital contributions towards Construction Chemicals Market revenue. Thriving APAC construction industry will positively influence the business with China displaying strong growth trends. High preference for weather resistant and earthquake resistant buildings will provide construction chemicals industry players with new opportunities for exploring untapped markets.
Escalated government focus on improving the infrastructure and constructing eco-friendly houses will stimulate construction chemicals industry growth. As per the European commission, buildings consume nearly 40% of overall energy and account for over 30% of total carbon dioxide emissions. Ability of construction chemicals to reduce the GHG emissions will result in high market demand. According to Global Market Insights reports, “Construction Chemicals Industry size is slated to reach USD 50 billion by 2024.”
China construction chemicals market size, by product, 2013 – 2024 (USD Million)
Based on the regions, construction chemicals industry displays the following trends:
- Asia Pacific construction chemicals industry is expected to record a CAGR of 9% over the period from 2016 to 2024, having collected a revenue of USD 14 billion in 2015. China construction sector, estimated at USD 1.7 trillion in 2015, is expected to boost the regional growth. India and Japan are the few of the other countries of APAC, which are expected to make significant contributions towards the regional revenue, having attained a collective revenue of over USD 1 billion in 2015.
- Europe construction chemicals market, estimated at USD 4.5 billion in 2015, is expected to grow at an annual rate of 8% during the next seven years. Large-scale use of protective coatings in residential & commercial constructions to build fire resistance will add to the revenue. Mounting need for renovating heritage buildings will boost the demand for sealants and adhesives.
Concrete admixtures, sealants, protective coatings, adhesives, and asphalt modifiers are the key products of construction chemicals industry. Concrete admixtures, which made major contributions to the overall revenue in 2015, is expected to occupy a significant chunk of construction chemicals market share in future. Its ability to enhance cement quality and high resistance property have made it more popular in commercial and residential projects. Adhesives and sealants worth USD 2.5 billion and USD 1.5 billion in 2015, are predicted to make notable contributions towards the construction chemicals industry revenue over the coming seven years.
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The presence of multinational corporations has made construction chemicals industry extremely consolidated, with top four market players accounting for nearly 50% of the overall revenue. The business space is highly competitive with market participants depending on technological innovations, strategic alliances, and joint ventures to raise their production and retain their market positions.
Arkema, Pidlite Industries Limited, Ashland Incorporation, BASF SE, Evonik Industries, The DOW Chemical Company, Sika AG, Huntsman Corporation, The Tremco Group, Mapei, W. R. Grace & Company, RPM International Incorporation, Henkel AG & Company KGaA, Fosroc, The 3M Company, AkzoNobel Chemicals, Knopp GmbH, and Albemarle Corporation are the major participants of construction chemicals industry.
Author Name :Dhananjay Punekar
Global single board computer market to procure USD 1 billion in valuation by 2025, escalating developments in semiconductor design and manufacturing to augment the industry landscape
The growing technological advancements in IoT coupled with the rising demand for smart connected devices will drive single board computer (SBC) market in the years to come. Basically a compressed, low-cost version of a typical computer, an SBC comprises similar components such as microprocessors, memory, input/output (I/O) and other features all embedded on a tiny circuit board.
China single board computer market size, by processor, 2018 & 2025 (USD Million)
The product has become significantly important for developers seeking ways to design products with greater intelligence, performance and connectivity while reducing power consumption, costs and size. Indeed, the product continues to evolve in sophistication, while its range of possibilities expand. For instance, nowadays SBCs come with features like Bluetooth and Wi-Fi compatibility making them ideal in applications associated with IoT (Internet of Things).
The deployment of the Internet of Things (IoT) in almost all industrial applications will significantly boost the growth of the SBC market in the years to come. By using SBCs, manufacturers are now able to offer efficient IoT solutions to customers. The product has certainly propelled the growth of the IoT sector in the last few years, offering a much smoother commercialization. According to reports, business infrastructure and operations professionals are rapidly shifting towards IoT, while studies indicate that a major proportion of decision-makers are already using IoT-enabled applications from building connected products to transforming operational processes. With rising IoT adoption, IoT software providers like IBM, Cisco, Amazon, GE, and other giants are now developing solutions that simplify the design, creation, integration, and management of IoT infrastructure and enterprise data. This in consequence will majorly propel the product demand, eventually pushing SBC industry trends.
Technological advancements in embedded technology will boost the SBC market
Semiconductor processors, being the core of any SBC, are rapidly evolving to match the capability of modern day applications. To attract the vast tech-savvy customer base, engineers are constantly adopting advanced embedded technologies to gain a competitive edge. For instance, the neural processing unit (NPU) is anticipated to be the next focus for chipmakers as it helps speed up computer-vision applications, such as object and image recognition, and offers enterprises and manufacturers a more powerful platform for developing products used from smart building applications to driverless vehicles.
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Prominent companies are investing heavily in the development of these new technologies. The Chinese tech giant Huawei, in collaboration with Linaro, recently launched its new SBC called HiKey 970 AI computing platform which uses the world’s first AI mobile processor, Huawei’s Hisilicon Kirin 970 chipset along with a dedicated Neural Processing Unit (NPU). This is quite vividly, an instance that demonstrates how product innovation and investments in technological advancements will add momentum to the expansion of the SBC industry.
Powered by rapid technological developments, single board computers have paved their way into medical sector as well. Medical devices are increasingly being integrated with SBCs to perform and monitor a wide range of clinical processes. The product’s reliability, power and versatility have made it ideal for developing customized medical electronic devices, medical monitoring systems, fault-tolerant wearable computers and more. Strategic partnerships between tech giants and medical healthcare firms will thus majorly augment the growth graph of SBC industry.
While SBC market has quite appreciable consolidated itself worldwide, the APAC is said to emerge as a prominent revenue pocket for this industry in the years to come. This may plausibly be the case on account of the expanding electronics industry in the region. With the presence of several consumer electronics and tech firms, the APAC SBC industry is anticipated to depict considerable growth over 2019-2025. Growing government support toward building in-house consumer electronics, such as smartphones, tablets and other gadgets in countries like India and China, will also boost the APAC single board market demand.
Being highly-scaled versions of traditional PCs and laptops, SBC are expected to continue finding long-term application in IoT-driven verticals and consumer electronics. Powered by rapid technological advancements in semiconductor processors and AI, single board computer market is forecast to chronicle itself in the billion-dollar business sphere by 2025.
Author Name :Paroma Bhattacharya
An overview of food additives market in terms of the product landscape: sweeteners to register extensive demand over 2018-2024
Food additives market over the recent years has been profoundly successful in bringing forth a noticeable shift in food trends. This change of preference can be credited to the slew of ready-to-eat, packaged, processed, and on-the-go food items which extensively make use of food additives to enhance the texture, taste, color, and flavor of the food products. The massive demand for these products from the F&B industry has thus impelled several food additives industry players to invest in introducing a gamut of additives that can be used for improving the freshness, natural flavor, and nutritional content, especially of the packaged food products.
U.S. Natural Food Colorants Market Size, By Application, 2017 & 2024, (Million Tons)
Elaborating further, sweeteners are one of the most widely used additives in the F&B industry. In fact, sweeteners market growth sounds very promising, given the consumer shift toward ready-to-eat food & sweets that comprise a significant amount of artificial flavors and sugar additives. Sweeteners-based food additives market is witnessing extensive demand from soft drinks, aerated drinks, cakes, bakery products, and other products alike to enhance taste and flavors. However, the consumers’ growing health consciousness regarding artificial or synthetic components have in turned generated greater demand for natural sweeteners. Date syrup, coconut sugar, yacon root, brown rice syrup, and palmyra jaggery are some of the trending natural sweeteners in the industry, though stevia has been witnessing a greater popularity as a natural & organic ingredient.
Stevia has gained considerable traction in food additives market as it is a nutrition rich plant-based sugar substitute with zero-calories and has proved to be beneficial over artificial sweeteners. The natural sugary substitute, incorporated with compounds that are 250-300 times sweeter than sucrose, is also beneficial in lowering high blood pressure by 6% to 14%. This has subsequently increased the product demand leading to robust growth in stevia market. Estimates further claim stevia industry to witness a remuneration exceeding USD 610 million by 2024.
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Analysts deem that the significant surge in the health-conscious consumer base preferring natural and organic products over their synthetic counterparts has prompted food additives industry players to focus on introducing products that add natural flavor & nutrients to food items. Moreover, food & health regulatory agencies have been also pressurizing food additives market players to reduce artificial sugar compounds as the global obesity rates are on a record high. Such prominent initiatives have impelled several companies to bring forth new nutrition rich products and natural additives.
A classic example justifying the aforementioned statement is that is the food additives industry player Archer Daniels Midland (ADM) that has launched two new sweetener brands – VerySweet monk fruit and SweetRight stevia. The two-brand new sweetening solutions, sourced through ADM’s partnership with GLG Life Tech Corp., have reportedly joined ADM’s VivaSweet sucralose, which is the high intensity, zero calorie sweetener in ADM’s portfolio.
SweeGen is yet another natural-based sweetener company that has recent grabbed the headlines for receiving a green signal for its advanced non-GMO Reb M sweetener that is derived from the stevia leaf and can be used as a tabletop sweetener. Industry experts speculate that these new additions in the food additives industry have helped food & beverage product companies meet the growing consumer demand for natural & low-calorie sweetening compounds. It therefore comes as no surprise that sweeteners-based food additives market size, strongly characterized by natural product development trends is projected to exceed valuation over USD 60 billion by 2024.
On this note, it is imperative to mention that the ‘naturally sourced’ additives trend has not only taken a significant shape in the sweeteners industry but has also been predominately faring across other product segments of the food additives market. In fact, natural food colorants market size is expected to surpass USD 65 million by 2024 in Europe, given the mammoth demand for natural & organic functional food additives. Natural flavor market is another in the line that is predicted to witness phenomenal proceeds, owing to companies extracting flavors from natural sources to meet the growing consumer demand.
Quite overtly, the vast expense of the global food additives market is inherently vivid from the changing consumer focus toward incorporating more natural and healthy food into their otherwise sedentary lifestyles. Quite ironically, on one hand, busy urban lifestyles have had a significant impact on food additives market because of the increased interest in packaged foods and changing diet patterns, while on the other hand, the very same drivers have led to the natural ingredients trend that has brought renewed dynamism to this business sphere. A report by Global Market Insights, Inc., further sheds light on the future growth aspects of food additives market that is all set to cross USD 115 billion in remuneration by 2024.
Author Name :Ojaswita Kutepatil