Electrical

Facilities management market to receive substantial gains from outsourced services segment by 2025

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Stakeholders envisage facilities management market share to proliferate at a robust pace in the wake of unprecedented surge in smart city projects. Smart cities—integrated, powered and enabled by digital technologies—have propelled commercial spaces, transportation sector, namely. In recent years, awareness of facilities management has heightened owing to expanding tourism and hospitality industries.

Palpable surge in investments in construction and real estate is expected to underscore robust-looking facilities management market size. For instance, the Canadian government issued an additional funding of US$ 81.2 bn in 2017 across five main funding streams, including green infrastructure; public transit; social infrastructure; trade & transportation projects and meeting the ‘unique’ needs of rural and northern communities. Apparently, the unique needs include facilities to underpin food security, improved broadband connectivity and local access roads.

The Investing in Canada plan propounded in Budget 2016 and expanded on in Budget 2017, aims to build advanced economic cities. With burgeoning construction projects, demand for various services, including maintenance, construction, electric, operation and mechanical work has soared in recent times.

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Facilities management market size is projected to surpass US$ 2 trillion by 2025, according to the latest research report by Global Market Insights, Inc.

Despite companies in the late 2000s focused on insourcing, of late there has been notable surge in outsourcing consumption. Companies tend to streamline their operations by embracing outsourcing that reduces business risks, expands profitability, grows competitiveness, enhances productivity and lets companies focus on their major business and competitive advantage.

As such, the outsourced services segment is slated to expand profoundly during the forecast period. That said, seemingly tepid adoption of outsourced FM services may dent the growth of the industry. Meanwhile, given that outsourcing apparently enhances operational efficiency, the outsourced services will underscore facilities management market size.

Popularity of smart homes and offices, including HVAC systems, fire safety systems, elevators, mechanical equipment has augured well for hard services segment that is set to hold significant share during the forecast period. As such, potential dominance of hard service segment is slated to bolster facilities management market share by 2025.

North America facilities management market is anticipated to expand robustly against the backdrop of proliferating tourism industry. With huge revenue at stake, governments globally are vying to woo would-be travelers to their countries led by aggressive marketing and favorable policies.

According to International Trade Administration (ITA), the U.S. travel and tourism industry garnered an economic output of over US$ 1.6 trillion in 2017. The dramatic upsurge witnessed in the number of tourists has been instrumental in rendering facilities management services across shopping malls, airports, amusement parks, and large food centers.

Leading companies are grappling to secure a government deal for FM services to augment their profitability and expand facilities management market size. In Q1 2019, Madrid City Government inked a four-year contract worth 18.62 mn with the facility management company ACCIONA. Reportedly, the Madrid City picked ACCIONA to enhance energy efficiency in 400 municipal buildings, including sports centers, schools, social and cultural centers, among others.

Author Name : Sunil Jha

How U.S. will emerge as major revenue pocket for aerospace & defense C-class parts market over 2019-2025?

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Exponential growth of the commercial aircraft sector has been driving aerospace & defense C-class parts market. Passenger aircrafts orders have witnessed sharp gains owing to the rise in consumer spending on air travel complemented by the minimized air fares for shifting focus on middle class population.

Strong economic growth of the emerging nations led to improved standard of living, thereby expanding consumer base of the airline industry. Furthermore, the aerospace & defense industry adheres to stringent regulation concerning the safety of the aircraft operations, which requires timely maintenance and repair of the aircrafts. This would in turn, further strengthen aerospace and defense C-class parts market forecast owing to the increasing commercial air traffic.

How will the increasing military & defense expenditures stimulate overall aerospace and defense C-class parts market outlook?

Constant increase in defense budget attributed to the rise in geopolitical tensions has led to an arms battle among some of the major economies like Russia, United States, China, and India. A flagship aviation magazine, Aviation Week, predicts that in-service fleet aircrafts will increase significantly by the end of 2027. Reportedly there were 41,605 in service aircrafts in 2017 which are expected to grow by 1,230 by 2027. Moreover, there is demand for 834 aircrafts and helicopters by multiple defense forces around the globe.

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How will the increased production rates of commercial aircrafts impel aircraft airframe market share?

Aircraft airframe segment held the largest share owing to the increased production rates of commercial aircrafts by major players like Boeing and Airbus. Improved business policies enforced by major airliners have led to minimized airfares attracting more air flyers. The expansion of the consumer base preferring air travel has also proved highly beneficial for the airline industry, thus creating more demands for new aircrafts.

Which region will prove to be promising revenue ground for aerospace and defense C-class parts  market?

North America accounted for more than 45% overall market share in 2018, owing to the presence of major aircraft and engine manufacturers including Boeing and Lockheed Martin. Ever expanding investment in the military and other defense activities will further propel the product demand over the years ahead. In fact, North America is anticipated to dominate the global aerospace & defense C-class parts market landscape over the forecast period.

Author NameAmol Kothekar

4 trends that will propel robot end-effector market growth over 2019-2025

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Escalating automation in the world is likely to offer traction to robot end-effector market in the times to come. Growing adoption of robots and robotic techniques in several sectors is going to push the growth graph of the robot end-effector industry. For instance, Piab has introduced a new vacuum-driven soft gripper piSOFTGRIP® in the food sector. The silicone gripper allows the food sector to develop automated food handling to include a wider range of products. Unpackaged, delicate, and fresh food items can be handled without risk of being spoiled due to crushing.Some of the major factors influencing robot end-effector market trends are as follows:Increasing robot density and sales to augment robot end-effector market growth by 2025:

The demand of robots has been accelerating across the world consequently increasing growth of robot end-effector market with expanding sales and supply. The latest average of global robot density is around 74 robot units per 10,000 employees in the manufacturing sector. In 2017, robot sales increased by 30% to 381,335 units. Robot sales in the automotive sector increased by 22% and the automotive sector remained the major customer of industrial robots with a share of 33% of the total supply in 2017.

Over 3 million industrial robots are estimated to be in use in factories throughout the world by 2020. As industrialization across the globe expands and more robots are deployed, robot end-effector market is anticipated to reap the benefits of such transformative trends.

Rising uses of robots in household chores and entertainment will give rise to the revenue share of robot end-effector market:

Call for assistant robots in routine life is progressing rapidly and helping robot end-effector market to grow. The number of domestic household robots has been expected to rise to 31 million between 2016-2019 globally. The advancements are empowering substantially capable end-effectors like five-finger humanoid robot hand to assist in domestic works. The sales value of robots that trim lawns, clean swimming pools, and floors, is expected to grow to about $13 billion in the coming period. In the upcoming years, floor and vacuum cleaning robots will continue to garner a lion’s share of units sold for household works. Sales of such robots will rise from 3.6 million to almost 30 million units within 2016-2019. Floor and vacuum cleaning robots account for 96% of domestic robot sales.

In entertainment, the overall number of remote-controlled multi-media robots, personal edutainment robots, and toy robots amounted to 1.7 million units in 2015. These robots are forecast to grow to 11 million units between 2016-2019. Hobby and toy robots account for 70% of the share in entertainment segment.

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Such huge contributions by domestic and entertainment robots are going to help robot end-effector market to gain traction over 2019-2025.

Europe to emerge as a major regional contender in robot end-effector market:

Europe is predicted to be one of the top regions in the robot end-effector industry with the region’s inclination towards automation technologies in manufacturing. The region is observing the surging use of robots in agriculture, logistics, underwater, automotive, and other applications. Its most automated country is Germany, ranking third globally with 309 units of robots.

In 2016, in Europe, out of total of robot sales, the operational stock and annual supply of industrial robots had a share of 41% and 36% respectively. Robot investments have notably increased by 19% to 7,700 units in Italy. The French robot sector was up by 16% at around 4,900 units. In Spain, sales of industrial robots further increased to a new peak of 4,200 units.

Europe currently accounts for almost 32% of the global robot sector surging the revenue growth of robot end-effector industry. The region is anticipated to register similar growth patterns in the times to come.

Increasing automation in automotive sector to push growth graph of robot end-effector market:

Robots and robotic techniques have been playing an essential role in making automotive plants competitive. In recent years, more than half of industrial robots purchased in North America were bought by automakers. Out of the total demand for industrial robots, around 55% was generated by the auto sector alone. One fourth units of these are installed by car manufacturers. The automotive sector can be credited for 56% of all industrial robotics orders in North America and 35 percent of all new robotic sales globally in 2016.

For instance, ABB, a key the robot end-effector manufacturer, has reportedly entered into a deal with SAIC Volkswagen to offer robotics painting solutions for the latest New Energy Vehicle (NEV) factory. The factory is first large automated painting project offered by ABB for SAIC Volkswagen. The company will install around 300 robots to offer sealing and painting solutions on three automated painting production lines.

Automations being done by the robot end-effector manufacturers in various sectors will fulfil the demand of robot end-effectors in the market. Major contribution of Europe is also going to highly support robot end-effector industry. According to the estimates by Global Market Insights Inc., robot end-effector market size is anticipated to surpass $6.5 billion by 2025.

Author Name : Anchal Solanki

Global strontium market to derive exceptional proceeds from medical & dental applications over 2018-2025, APAC to emerge as a crucial revenue pocket

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Owing to a widespread application portfolio along with the increase in pyrotechnic activities, the global strontium market has been observing a remarkable growth over the last few years. Numerous research studies have revealed that strontium plays a crucial role in keeping bones healthy. It slows the rate of bone loss, assists in calcium absorption, prevents bone pain, helps in restoring alkaline state, enhances resistance to fracture, regulates bone breakdown, and boosts bone formation. Natural strontium has proved to be helpful in relieving the bone pain in patients with metastatic bone cancer, as per reliable sources.

U.S. Strontium Market Size, By Application, 2014 – 2025 (USD Million)

U.S. Strontium Market Size, By Application, 2014 - 2025 (USD Million)

It has also been found that supplementation with strontium deposits the mineral in the bone lesions, essentially suggesting a possibility of utilizing the element to mineralize areas in which cancer-associated bone loss has occurred. Owing to all the superior properties and benefits mentioned above, strontium is being widely used in medical and dental applications in the recent times. In fact, as per the research report by Global Market Insights, Inc., the medical and dental application segment is slated to account for nearly a tenth of the overall revenue share of the global strontium industry by the end of 2025.

Speaking along similar lines, several biotech and pharmaceutical majors have focused on developing products fortified with strontium chloride to mitigate cancer bone pain in patients suffering from painful skeletal metastases. The biotechnology acceleration development firm Q BioMed Inc., for instance, recently filed a supplemental regulatory application with the U.S. FDA to receive the approval to construct its new production unit, which would develop non-opioid injectable named Strontium Chloride Sr89 Injection USP.

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For the record, FDA has already approved the drug which reduces bone pain in patients suffering from bone metastases. The survival rates of patients with prostate and breast cancers, which are at high risk of developing bone metastases, would witness an uptick owing to the development of superior drugs and injectables such as Strontium Chloride Sr89 Injection USP. This would, in turn, fortify the medical and dental applications segment of the strontium industry in the upcoming years.

Increasing usage of strontium in pyrotechnic across the APAC nations set to boost the valuation of global strontium industry

The increasing usage of firecrackers on festive occasions in Asian nations such as China and India have resulted in strong demand for pyrotechnic operations in this region. In this regard, it would be prudent to mention that the colors of most modern fireworks involve metal chlorides – one of the most prominent being strontium chloride. These pyrotechnic operations are majorly deployed in several entertainment activities along the likes of sports events, concerts, and various ceremonies, essentially boosting the Asia Pacific strontium industry share which is estimated to register an annual growth rate of 6.5 percent over the projected time frame.

While the growth in pyrotechnic activities is on the rise, the usage of synthetic strontium is likely to decrease as stringent government regulations are being implemented to curb pollution across several nations. Moreover, steps are being taken by prominent research organizations to develop eco-friendly firecrackers (devoid of strontium nitrate) to reduce air and noise pollution.

In this context, it would be imperative to take note of the less polluting firecrackers recently developed by CSIR, the premier national R&D organization of India. Needless to mention, the development of green crackers, e-crackers and less polluting firecrackers would diminish the demand for strontium for pyrotechnic activities, essentially limiting the growth prospects of strontium industry in the times to come.

Companies such as Chemalloy Co, NOAH Technologies Corporation, Shenzhou Jiaxin Chemical Co., Prochem Inc., Joyieng Chemical Limited, Canteras Industriales, Química del Estroncio, BassTech International, Solvay, and Sakai Chemical Industry Co., constitute the competitive landscape of strontium market. Driven by strong growth in medical and dental applications segment along with the increasing usage of strontium in pyrotechnic activities, the strontium industry is set to garner substantial proceeds in the years ahead.

Author NameSaif Ali Bepari

Burgeoning demand for vehicle repair services in APAC to promote authorized car service center market expansion over 2019-2025

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Surging passenger vehicle demand and consistent regulatory efforts to facilitate progress in the auto industry will fuel authorized car service center market trends. Major investments by auto manufacturers to broaden their manufacturing scope are driving demand for car servicing facilities.

Global authorized car service center industry from the organized multi-brand service provider workshop segment is expected to grow at the fastest pace over the predicted timeline given the superior vehicle repair services for myriad auto brands offered by key industry players at economical price points.

Major multi-brand service companies such as Mahindra, Bosch, TVS Automobile Solutions and more are shifting focus towards expanding their service departments and offering lucrative servicing packages to car fleet operators.

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To cite an example, Bosch inaugurated their new CoCo Bosch car service outlet in Bengaluru, in January 2017, equipped with top of the line servicing equipment including tire changers, nitrogen tire inflators, headlight aligners and wheel aligners, all designed to cater to a vast array of vehicle brands.

According to estimates from authentic reports, the global authorized car service center market size is projected to surpass $300 billion by 2025.

Owing to the robust demand for car repairs associated with scratches and dents in the current scenario, the car body services application segment is set to take a leading position in the overall authorized car service center industry share.

The engine service sector, on the other hand, is anticipated to account for more than 12% of the overall industry share by 2025, as a result of strong resistance in high pressure and high temperature applications. Furthermore, turbochargers fitted on engines require adequate maintenance in order to ensure efficient engine performance by regulating and enhancing exhaust gas flow, which is likely to support segmental market growth.

Due to the need for periodic upkeep of such vehicles for proper functioning and compliance with strict regulatory standards, vehicles aged over 3 years are poised to hold a significant share of the overall authorized car service center market in 2025.

Routine and preventive servicing is paramount in older vehicles in order to maintain their resale value and prevent unexpected breakdowns. This is a key factor leading to higher demand for authorized OEMs as well as independent garages over the forecast spell.

Meanwhile, the evolution of next-generation automobiles with sophisticated mechanical and electrical systems is expected to contribute heavily to the growth of the organized OEM workshops segment.

Given the increasing vehicle sales in emerging nations like China, India and Australia, the APAC authorized car service center market is projected to show the highest growth rate over the estimated timeframe, accelerating demand for auto repair and servicing facilities. For example, as per the Australian Automotive Aftermarket Association’s (AAAA) 2017 data, the country recorded the highest car ownership levels in the region, with nearly 764 cars per 1,000 individuals. Another significant contributor to authorized car service center market expansion is the high traffic density and automobile congestion culminating in the degradation of car parts, leading to an increase in repair service demand.

The European government’s rigorous measures to enhance the fuel economy have also compelled car owners to invest in regular preventive vehicle maintenance services. Moreover, as a result of the growing vehicle population in countries including the Czech Republic, Poland, Romania, Hungary and Croatia, the Eastern Europe authorized car service center industry is also expected to witness prolific gains.

Author NameSatarupa De

Busbar market to garner substantial proceeds from industrial applications

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The rapidly escalating demand for uninterrupted & reliable electricity in tandem with the rising trend of urbanization will stimulate busbar market size in the years ahead. A major shift from the traditional sources of energy toward renewable energy resources has been observed lately – a trend that will extensively contribute toward impelling busbar industry outlook over the forecast period.

Russia Busbar Market Size, By Power Range, 2018 & 2025 (USD Million)
Russia Busbar Market Size, By Power Range, 2018 & 2025 (USD Million)

With the application of busbars increasing majorly across the commercial, residential, and industrial arenas, it is indeed undeniable that busbar market share will register a commendable CAGR over 2019-2025. The onslaught of modern technological changes and the need for increasing energy efficiency will lead to a general rise in the refurbishment of already established substations, further stimulating busbar market size.

The demand for electricity has witnessed an exponential upsurge in the emerging economies. In response, the governments of these countries have been making it their priority to strive and provide electric power to all. It is thus rather overt that this would demand the necessity of busbars to ensure proper current flow between the power source and integrated circuits, capacitors and resistors, which would have a commendable impact on busbar industry trends.

Emerging economies have indeed become the focal point for exponential urbanization. Most of these urban centers harbor a population that exceeds several millions and are packed with high-rises, well-lit roads and a lifestyle that requires extensive deployment of electricity. In consequence, this would have a commendable impact on busbar industry size.

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Since busbars are depended upon for the reliable and long-term supply of electricity, the material of the busbar is a very important consideration. Due to its high conductivity, low electrical resistance, high mechanical strength, high resistance to fatigue failure and ease of fabrication, copper has been found to be a highly favorable material for the construction of a busbar, thereby impelling copper-based busbar market size.

Aluminum comes as a close second as a favorable material for busbars, owing to its cost effectiveness and easy availability. As compared to aluminum, copper has been found to be more advantageous to be used in busbars as most switches and terminals are made of copper and corrosion and jointing problems between dissimilar metals is greater than that between similar metals.

Robust industrialization is a major factor fostering busbar industry growth. Statistics validating the aforementioned fact claim that in 2018, industrial applications accounted for 40% of the global busbar industry share in terms of volume. The use of busbars in industrial buildings has evidently been more advantageous than the use of traditional conduits and cables, as they are easier to install and easily adaptable to changing business needs.

Refurbishment of already existing transmission grid and the replacement of cables with busbars due to their higher power distribution efficiency and space saving capabilities will also positively influence the busbar industry.

As far as refurbishment of existing gird network is concerned, U.S. and Europe have a pivotal share in busbar market, as government support for enhancing power efficiency in these regions has caused a major shift from use of cables to upgrading the power grid network. Evolving electrical product designs have also contributed toward the upgrading of the power grid network, consequently stimulated the busbar market size.

An instance of power grid upgradation and the commendable expansion of the busbar market can be credited to the implementation of energy transition plan in Germany called “Energiewende” that aims at producing 80% of Germany’s power through renewable energy resources. For this transition project, a large-scale upgradation of German substations is underway which will directly affect the regional busbar market. In the ensuing years, a rapid shift toward renewable energy sources is indeed inevitable across major end-use domains, which would undeniably drive global busbar market size over 2019-2025.

Author Name : Sunil Hebbalkar