Electric water heater market growth is driven by increasing demand for hot water across domestic applications
Global Electric Water Heater Market size was evaluated at $17.6 billion for 2015 and is predicted to register a CAGR of 7.51% during forecast timeframe. Rising demand from household applications like bathing, space heating, cleaning and cooking is predicted to increase product demand during forecast timeframe.
India Electric Water Heaters Market share, by product, 2013-2024 (Million Units)
Growing demand for hot water from hospitals and hotels is also predicted to be key factor driving industry growth. Development in construction industry coupled with substitution for aging device in different segments due to increasing disposable income can propel electric water heater industry expansion in future.
Electric water heater market price trend can inhibit industry growth owing to related operating expenses. However, these systems provide price advantage over fuel fired systems related to maintenance, design and deployment. Further, rising need to be equipped with new technological features is also predicted to drive industry growth.
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Global electric water heater market is segmented into products like tankless or non storage based products and storage based products.
Tankless products segment is predicted to expand rapidly in future and growing acceptance of these products all across the globe is credited to segment expansion.
Storage based products segment was evaluated at $11.7 billion for 2015 and is predicted to register CAGR of 6.81% during forecast timeframe. These products are installed in regions with limited or broken power supply and are primarily installed in residential sectors. All these factors are predicted to contribute towards segment growth.
Today, consumers prefer high-end products due to fast changing lifestyles and increasing disposable incomes.
Global electric water heater industry is segmented into commercial and residential applications.Commercial applications segment is predicted to expand rapidly during forecast timeframe.
Residential application segment contributed more than 80.1% of overall electric water heaters market share for 2015 and is projected to register CAGR of 6.91% during forecast timeline. It is anticipated to experience average development along with heavy industry penetration.
Global electric water heater market is segmented into geographical regions like APAC, Latin America, North America, MEA and Europe.
APAC, with heavy demand from India and China electric water heater market share, contributed more than 28.1% of total consumption for 2015. This region is predicted to register CAGR of about 10.8% during forecast timeline. Growth in nations like Japan, China and India is forecast to promote product demand in the region.
U.S. electric water heater industry is predicted to experience growth due to rising investments in commercial as well as residential construction sectors. North American industry has contributed substantially to overall revenue generation as compared to low product demand. High selling costs can be one of the factors for significant revenue generation of the region.
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Key industry participants profiled in the report include Reliance Holmes Heating Incorporation, Bradford White Corporation, Atwood Mobile Products, Venus Home Appliances, Ariston Thermo, AO Smith Corporation, Hubbell Incorporated, General Electric, AquaMax Private Limited, Haier Electronics, Eemax, Kenmore, Midea Group, Bosch Thermotechnology, Racold, State Water Heaters, Whirlpool Corporation, Rheem Manufacturing Company, Marey Heater Corporation, Stiebel Eltron, Zenith Water Heaters and Havells.
Global Data Center Cooling Market size was $2.59 billion in 2015 and predicted to surpass $6.1 billion mark by end of forecast timeframe registering CAGR of 11.1%. Rapid rise in amount of data centers to match storage space requirements are predicted to propel demand for less energy consuming cooling techniques.
Industry has experienced evolution of many businesses that work on an internet platform. This has led to enhanced data storage and processing coupled with server downtime caused by generation of heat. Increase in power consumption as well as price has created a need for managing capacity, minimizing cost and addressing ecological concerns. Demand for high computational ability and enhanced focus on centralization of IT by many firms are few of the factors driving power consumption.
Temperature changes can lead to machine damage promoting use of data center cooling devices. High ownership costs due to heavy investments and maintenance needs can hinder the demand and growth of the data center cooling industry in future.
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Global data center cooling industry is segmented into varied applications like IT & telecom, BFSI (Banking, Financial services and Insurance), healthcare, power and retail. IT & telecom segment is expected to dominate the application segment during forecast timeline due to high acceptance of data center cooling systems. Further, growing acceptance of ecologically and economically effective cooling techniques like liquid cooling is projected to evolve as a main factor for data center cooling industry demand across many global IT & telecom applications.
BFSI applications segment is predicted to acquire data center cooling market share at CAGR of 11.51% during forecast timeline. They need high system accessibility, periodic peak time and less transaction turnaround period along with good cooling amenities. Many cloud-based data management participants concentrate on banking applications due to enhanced digitization of banks.
Asia Pacific data center UPS market size by product, 2012-2022 (USD Million)
Global data center cooling market is segmented into key products like chillers and air conditioners.Chiller segment is anticipated to dominate the data center cooling industry by contributing more than 80.1% of the total industry share for 2015. Air conditioners segment is forecast to register more than 11.1% of CAGR in future.
Global data center cooling market is segmented into different services like OEM (Original Equipment Manufacturer) services and managed services.Managed services segment contributed more than 60.1% of total industry revenue share.OEM (Original Equipment Manufacturer) segment is predicted to display CAGR of 11.61% during forecast timeline.
Global data center cooling market is segmented into different data center cooling solutions like precision air handling units and precision air conditioners.Precision air handling units segment is cost effective and prove benefits like low maintenance price, minimized power consumption and reliability. So the demand for these solutions is anticipated to grow in future. Precision air conditioners segment contributed more than 70.1% of overall data center cooling market share for 2015 and is predicted to grow in future.
End use overview
Global data center cooling market is segmented into small firms, large firms and midsized firms depending upon its end use. Large firms segment is predicted to dominate the global industry in future. Substantial data production across the segment is the key driving factor behind the segment growth.
Midsized firms have less storage as well as processing capacity. Consumers belonging to this segment prefer air conditioners as main cooling devices. Small firms segment is predicted to register CAGR of 11.51% during forecast timeframe.
Global data center cooling industry is segmented into main geographical regions like APAC, North America, MEA, Europe and Latin America. APAC data center cooling market share is projected to touch $1.31 billion by end of forecast timeframe owing to high demand from nations like China and India who have substantial growth potential owing to rapid technological breakthroughs.U.S. data center cooling industry had led North America to dominate the global data center cooling market for 2015 . North America contributed more than $1.1 billion during that year.
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Key industry participants profiled in report are Emerson Network Power, Hewlett Packard Company, Hitachi Limited, Schneider Electric, IBM, Fujitsu Limited, Airedale International, Coolcentric, Rittal GmbH & Co. Kg and Stulz GmbH.
Global Air Humidifier Market size contributed greater than $851 million in 2015 and it is projected to surpass $1.31 billion by end of 2023 registering CAGR of 5.3%. They are expected to witness heavy demand in cold regions as heating systems cause sore eyes, sinus congestion, chapped skin & lips and sinus passages. Further, these equipments help in minimizing static electricity efficiently. Rising acceptance of air humidifiers in industrial applications are predicted to boost air humidifier industry trends all across the globe in future.
Dry climatic situations are highly susceptible to output of static electricity and can cause heavy obstruction to production device and various other electronic device operations. Also in heavily explosive segments, dry air and its resulting static charge can prove to be hazardous.
Increasing demand for air humidifiers from clinics is anticipated to propel air humidifier market trends during forecast timeframe. Factors like proliferation and prevention of biological pollutants are contributing to the growing demand for these systems.
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Global industry is segmented into various products like Cool-Mist air, Warm-Mist air, dry air and Ultrasonic system .
Warm-Mist air humidifier market size is predicted to cross $581 million mark by end of 2023. Expansion of segment is credited to pure air provided by the systems.
Ultrasonic system segment is predicted to display substantial expansion due to its low maintenance need and safe functioning.
Simple deployment process and user friendly features are anticipated to stimulate product demand in future. But dry air can create production problems or can cause wear & tear of materials like leather, paper, chemicals, textile, fiber and wood.
Global air humidifier market was segmented into different technologies like whole- house systems and portable systems .
Whole-house systems are predicted to experience steady growth due to characteristics like low level of control and high energy consumption which can also affect its demand.
Portable air humidifier market share was more than 85.1% for 2015 and is predicted to increase in future. Expansion of the segment can be attributed to factors like portability, convenience and mobility displayed by the systems.
Global industry is segmented into various applications like industrial applications, commercial applications and residential applications.
Accurate level of air humidity is predicted to ensure high output and this aspect is predicted to be main driver across residential applications segment.
Humidification is predicted to be main factor for individual comfort in different indoor settings like residential as well as commercial surroundings.
Maximum power use along with less functional costs are predicted to enhance the demand for the air humidifier systems across different industrial sectors like operation theatres, data centers, clinics and production centers. These systems provide effective humidity control and high standards of compliance.
Global air humidifier industry is segmented into main geographical regions like North America, MEA ,APAC, Europe and Latin America.
Europe air humidifier market contributed greater than 25.1% of total industry revenue for 2015. It is anticipated to register CAGR of about 5.1% during forecast timeframe. The growth can be contributed to cold atmospheric conditions.
North America air humidifier industry, primarily driven by U.S. air humidifier market , contributed more than $301 million to global industry for 2015.
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Key industry participants profiled in the report include DriSteem, Heaven Fresh, Stadler Form, Armstrong International Incorporation, Carrier, Nortec Humidity, LG Electronics, Honeywell International Incorporation, Aprilaire, Winix Incorporation, Neptronic, Philips, Boneco Ag, Guardian Technologies, Crane USA and Vornado Air LLC.
Global Precision Medicine Market size was more than $39.1 billion for 2015 and is predicted to register 10.51% of CAGR during forecast timeframe. It is innovative procedure for treating and preventing chronic ailments depending upon changes in individual genes and other lifestyle features. New approach helps doctors properly assess ailment risk and predict optimal treatment. Growing occurrence of cancer and increase in cancer prone geriatric population all across the globe is predicted to boost industry expansion.
Threats related with sharing of patients genetic information can hinder industry growth. Insurance firms can use patient data and raise their premium for people who are at a risk of acquiring inherited diseases. Further, decline in rate of FDA (U.S. Food and Drug Administration) drug approval has minimized the rate of production of new medicines in spite of heavy investments. This aspect can hinder global precision medicine market expansion.
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The industry is segmented into different technologies like gene sequencing, companion diagnostics, big data analytics, bioinformatics and drug discovery.
Gene sequencing segment size was more than $8.1 billion for 2015. Current FDA guidelines on next -generation sequencing dependent tests takes into consideration individual differences in genes of various persons, environments and life patterns while creating new type of healthcare.
Companion diagnostics segment has acquired importance owing to rising concerns about rates of drug failures. Further, the segment is expanding at rapid pace owing to rise in financial support and approvals by government.
Heavy throughput omics techniques applied in biological and basic research are predicted to propel bioinformatics segment growth. Out of all omics techniques next-generation technique is predicted to create key impact on the segment growth.
Drug discovery technique contributed more than $9 billion for 2015 and is predicted to register CAGR of 8.31% during forecast timeframe. Further, biomarker directed treatments with medicine targeting epidermal growth factor receptor (EGFR),c-ros oncogene 1 receptor tyrosine kinase (ROS1) and anaplastic lymphoma kinase (ALK) have speeded up the production of new medicines.
Global industry is segmented into various applications like respiratory application, oncology application, Immunology application and central nervous system (CNS) application.
Oncology application contributed more than 30.1% of precision medicine market share for 2015 and is predicted to record CAGR of 10.91% during forecast timeframe.
CNS application contributed more than $9.1 billion for 2015. Neuroscience therapeutics has been utilizing the approach for long duration.
Global industry was segmented into key geographical regions like North America, MEA, Europe, APAC and Latin America.
U.S. precision medicine market share was about 65.1% of revenue of North America. Factors like large allocation of budget by U.S. president to agencies like FDA( U.S. food and drug administration) , NIH (National Institute of Health) and NCI (National Cancer Institute) along with favorable government rules have contributed to the regional industry growth.
Germany precision medicine market share was more than $2.5 billion for 2015 and is predicted to contribute significantly to the growth of European industry. Reason for industry growth in the region can be credited to the fact that many institutions have acquired biomarker analysis certification required for colorectal cancer detection tests.
Further, medicine producing and diagnostic firms are making tremendous efforts for enhancing industry growth in Europe. Favorable compensation policies are predicted to promote industry growth in France.
China contributed more than 25.1% to APAC precision medicine market share for 2015 and is predicted to remain key region in future. Favorable government initiatives and high contributions from academic labs has assisted in the regional industry growth.
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Key industry players profiled in the report include Roche Holdings AG, Qiagen, Pfizer, Medtronic, Source Precision Medicine Incorporation, Silicon Biosystems, Tepnel Pharma Services, Covance, Biocrates Life Sciences AG, Novartis, Nanostring Technologies, Laboratory Corporation of America Holdings, Quest Diagnostics, Teva Pharmaceuticals, Intomics, Ferrer InCode, Eagle Genomics Limited and Quest Diagnostics.
Service robotics market growth is driven by steady demand from defense sector to reduce human causalities
Global Service Robotics Market size is predicted to touch $21.71 billion mark by end of 2022 and register more than 17.81% CAGR during forecast timeframe. Favorable government policies supporting creation of service robots along with steady demand from defense sector is predicted to stimulate the industry demand in future. The reason for this is reduction of human involvement in defense sector resulting in less number of causalities due to military operations. Unmanned defense vehicles are mainly deployed in military sector to perform all kinds of activities.
Medical robotic system is a growing field intended to function in line with MRI(Magnetic Resonance Imaging), fluoroscopy, ultrasound imaging and CT(Comotography) scan. Growing technological breakthroughs like magnetic resonance imaging and 3D ultrasound are predicted to promote industry expansion as these technologies ease real time imaging for future reference and effective process planning.
Positive initiatives like innovation program and civilian research by European Union in robotics is predicted to promote industry growth and can potentially generate greater than 241,000 jobs. All these factors are predicted to drive global service robotics market trends. But modernized cognitive competencies and lack of customization is predicted to inhibit industry growth during forecast timeframe.
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Global service robotics market is segmented into different applications like personal service robotics application and professional service robotics application.
Personal service robotics segment is further sub-segmented into household applications and entertainment segment. With significant gains, personal service robotics market share is predicted to surpass $6.81 billion by end of forecast timeframe.
Professional service robotics segment was evaluated $4.51 billion for 2014. It include mobile platforms, medical applications, military applications, logistics, underwater systems, demolition & construction and mobile platforms. In 2014, there was a demand for service robotics in military applications owing to use of unmanned aerial vehicles by armed personnel.
Service robotics industry is segmented into major geographical regions that include North America, APAC, MEA, Europe and Latin America.
North America contributed more than $2.41 billion to overall industry share for 2014 and predicted to touch $8.61 billion mark by end of 2022 at CAGR of more than 17% during forecast timeframe. Growing applications in underwater systems, military sector, logistics, construction, medicine and mobile platforms are predicted to enhance the product demand.
European industry is anticipated to contribute about $6.56 billion by end of 2022 and make expected gains of more than 16.51% during forecast period.
APAC service robotics market was evaluated at more than $901 million for 2014 and is predicted to touch $4.1 billion mark by end of forecast timeline. Key growth drivers for the region include household and military applications.
MEA service robotics industry is predicted to record CAGR of more than 22% during forecast timeframe.
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Key industry players profiled in report include iRobot Corporation, AB Electrolux, Samsung Electronics, Gecko Systems, Honda Motor Company Limited, Fujitsu Frontech Limited, Hanool Robotics Corporation, LG Electronics, Sony Corporation, Yujin Robot Company Limited and Toyota Motor Corporation.