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Increased demand for high-power engines to fuel outboard engines market size

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Global outboard engines market forecast will be largely propelled by increased consumer participation in recreational, leisure boating and boat club activities. Outboard motors are extremely easy to handle and operate and offer superior engine acceleration characteristics. Moreover, outboard engines are generally compact in design which enables boat manufacturers to provide additional interior room and accommodate a greater number of people.Advancements in technology have resulted in the development of high-power energy-efficient outboard engines which are extensively used in large boats. Strong demand for these motors from boat manufacturers for deployment in large cruise boats will enhance the industry scope. Manufacturers are strategically upgrading their engine production lines to address this increasing demand which will present promising growth opportunities for outboard engines market.

Industry participants are making increasing R&D investments and efforts to meet the rising consumer expectations pertaining to performance, reliability and durability of these motors. Manufacturers focusing on launching innovative products using recycled materials to meet the ever-growing demand for outboard engines. This in turn will help manufacturers cut raw material procurement costs and facilitate significant minimization of environmental impact.

2-stroke outboards engines are prominently used in small watercrafts and fishing boats on account of several major advantages including higher operational output and simpler structure as opposed to the 4-stroke versions. In addition, 2-stroke outboard motors are lightweight and compact in design, making them best-suited for application in smaller boats. 2-stroke outboard engines industry size will hold over 40% of the global share in terms of revenue by 2025.

Mounting concerns pertaining to emission of hazardous gases and substances have consequently resulted in development of highly energy-efficient alternatives such as electric fuel type outboard motors. Low-power electric motors are gradually emerging as a potential substitute for gasoline-driven motors and engines. Electric fuel type outboard engines market share will register a healthy 8.5% CAGR over 2019-2025.

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Electric ignition type engines are majorly employed in commercial boats owing to benefits such as easy and hassle-free ignition of motor even in adverse weather conditions. Manufacturers are increasingly incorporating electric ignition type engines in smaller watercrafts and fishing boats due to the aforementioned advantages, which will undeniably expand outboard engines industry scope in the next few years.

High-power outboard engines market is projected to generate revenues in excess of USD 9.5 billion over the projected timeframe. This growth can be mainly attributed to positive application outlook in larger boats and yachts which are facing robust demand worldwide. Manufacturers are aiming to expand and upgrade their existing motor production facilities and making investments to develop high-power motors to keep up with the global demand.

Military represents a key application segment driving global outboard engines industry trends. These engines find widespread use in rescue boats and inflatable boats. Surging demand for outboard motors by the U.S. Coast Guard will further fuel the product demand, bolstering outboard engines market outlook. North America outboard engines market size will witness unprecedented growth in the coming years mainly due to the presence of prominent boat manufacturers along with motor distributors.

An increasing number of people are undertaking recreation and leisure boating activities in the U.S. and Canada which will further propel the regional demand. Robust economic growth coupled with favorable government initiatives to upgrade the boating infrastructure will ensure lucrative opportunities for regional manufacturers.

Author Name : Hrishikesh Kadam

Rising industrial automation trends to fuel system on module market

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Fueled by rapid technological advancements in embedded systems and growing demand for compact, power-efficient products, system on module market outlook has effectively transformed in recent years. Essentially, the product is a fully featured single board computer comprising a single microprocessor, RAM, input-output controller and many other components, and is designed specifically for integration into embedded applications.

Germany system on module market size, by application, 2018 & 2025 (USD Million)
Germany system on module market size, by application, 2018 & 2025 (USD Million)

With multiple embedded wireless solutions like 802.11a/b/g/n/ac and Bluetooth, the product can offer cellular connectivity and mobility as well as offer device security for connected IoT applications. With such profound features, manufacturers are increasingly opting for system on modules (SoM) to significantly reduce development efforts and time to market (TTM) by eliminating the challenges associated with designing boards with complex microprocessor, further offering a more reliable and cost-effective embedded platform for building end-products.

Designed by British semiconductor giant ARM Holdings, ARM is one of the major processor architectures used for SoM modules. In an era of proliferating IoT and industrial automation sectors, the processor holds a significant market share and is projected to exhibit high growth rates in the coming years. It offers a wide range of features like low cost compared to other processors in the market, higher battery life, faster operational speed, and compatibility for numerous end-user application.

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Moreover, rapid technological advancements and growing demands have led manufacturers to develop newer versions of SoM offerings. For instance, in 2018, chip designer Arm unveiled its new Cortex-A76 CPU, claiming it would deliver 35% better performance than its predecessor. Advances such as this will enable development of more power-efficient end-user products, supplementing SoM market size.

Portable medical devices are increasingly gaining traction by improving health care for millions of patients worldwide. With products like blood glucose monitors, heart rate monitors, pain-blocking implants, ingestible gastrointestinal (GI) tract monitors and several other devices, the technology has effectively enhanced patient’s quality of living in recent years. Notably, these clinical aids are integrated with miniature SoMs that enable high-level integration of analog components, offering more enhanced capability in smaller spaces.

By using portable medical equipment, patients with chronic diseases can easily and quickly monitor their own vitals and look for abnormalities that can eventually help them call for medical services as well as further help doctors better diagnose their condition and take necessary steps.

In addition to such profound benefits, device manufacturers are also developing more compact, battery-powered products like smart patches, health monitors, and even inhalers that use machine learning technology to effectively allow clinical diagnosis, delivery or monitoring conditions remotely. For instance, Respiro smart inhaler, an Arm-based clinical device, can effectively track and record parameters like inhalation technique & frequency, inhalation flow rate, volume, flow acceleration and inspiration time, allowing doctors to gain a deeper understanding of patient’s varied conditions.

Considering the SoMs play a vital role in making these devices functional, a trend of proliferation of such devices will lead to increased system on module industry revenue.

The Europe system on module market trends are garnering traction due to soaring demand for powerful & efficient embedded systems in industrial automation. According to the International Federation of Robotics (IFR) reports, Germany is one of the most automated countries in Europe and ranks third worldwide with 309 units. Further, in 2016, the country’s operational stock and annual supply of industrial robots had a share of 41% and 36% respectively. Moreover, between 2018 and 2020, the annual supply in Germany is anticipated to grow by at least 5% on average per year due to the increasing demand for robots in the region’s general industry and in its thriving automotive sector.

Escalating demand for automated technologies in operations like assembly, manufacturing, logistics and supply chain support has led to the widespread integration of embedded computing solutions. Additionally, the rising demand for energy-efficient, smart electronic products for automation applications has led to rapid consumption of embedded systems, in turn driving the SoM market trends.

Author NameMateen Dalal

North America micro data center market to record double-digit CAGR over 2019-2025

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The global micro data center market will witness immense growth in the years to come due to rapid technological advancements in the IT & telecom sector which has led to expansion in data center infrastructures worldwide. As online banking & shopping, satellite navigation systems, smartphones, TV & movie streaming gain traction, relocation of IT infrastructure becomes mandatory. This increases the demand for modular data center architecture that will drive the global micro data center market size.

U.S. micro data center market, by application, 2018 & 2025 (USD Million)

U.S. micro data center market, by application, 2018 & 2025 (USD Million)

The rising need for containerized data centers for corporate offices that consistently relocate their infrastructure will fuel micro data center industry share. With rising workloads, companies are focusing more on data center expansion. However, enterprises are now wanting to make their presence felt on the cloud, leading to the requirement of portable data centers. Micro data centers have a smaller footprint that conventional data centers and look like with integrated systems. The rising requirement for portable solutions in large-scale enterprises for delivering additional IT support will drive micro data center market size.

The healthcare sector will be a major application segment of micro data center industry. Medical care centers demand efficient power systems for consistent access to patient electronic health records. The rise in the number of chronic diseases and patient admissions can sometimes though, put pressure on hospitals, emergency clinics and rehabilitation centers since conventional data center infrastructure requires a huge investment. But miniaturized, portable data centers eliminate a lot of the up-front investment and are being preferred by medical care facilities, that will drive micro data center market size from hospitals.

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North America micro data center market will grow significantly over 2019-2025 driven by robust urbanization and digitization trends. The presence of major multinational companies planning on expanding their operational capacities in the U.S. will drive the North America industry. Most huge enterprises in the U.S. require efficient IT infrastructure for business management. The rising need of huge companies and SMBs for portable solutions will fuel the regional micro data center industry share.

Global Market Insights, Inc., estimates the North America micro data centers market size to register a CAGR of more than 23% over 2019-2025. The growth is driven by the launch of various micro facilities by important technology giants such as Schneider and IBM Corporation. The expansion of data center infrastructure market in the region will also propel North America micro data center industry share.

Prominent industry giants are consistently making investments in portable data center solutions to cater to rising demand from hospitals, IT companies, telecom firms, banking establishments, etc. For example, in March 2019, Schneider Electric had declared the launch of new solutions for micro data centers which combine APC by Schneider’s physical infrastructure with Cisco’s HyperFlex Edge that delivers efficient, fast deployment in edge environments.

Cisco and Schneider Electric’s latest partnership on micro data centers will provide system integrators and IT global channel partners the access to new reference designs for deploying the HyperFlex Edge that can be suitably customized for particular micro data center needs. The rising demand for pre-integrated, physically secure, and remotely monitorable containerized data center solutions and increasing efforts by industry players to provide these services will drive the global micro data center market size.

Some of the other players defining the competitive landscape of micro data center include Advanced Facilities, Inc., Zellabox, Schneider Electric SE, Attom Technology, Eaton Corporation PLC, Panduit Corporation, Delta Power Solutions, Canovate Group, Dataracks, Hewlett-Packard Enterprise Company, STULZ GmbH, Huawei Technologies Co., Ltd., IBM Corporation, Dell Inc., and Vertiv Co.

Companies partaking in micro data center industry share are trying to enhance their presence by coming up with new, more efficient portable data center solutions. Delta Power Solutions has a product portfolio of the Delta InfraSuite – a highly integrated, next-gen modular datacenter solution that uses racks and integrates cooling, lightning protection, wiring, fire control, UPSs, and airflow management together.

Global Market Insights, Inc., claims the overall micro data center market size to cross USD 14.5 billion by 2025.

Author NameSaipriya Iyer

Blockchain in energy market to procure modest proceeds from O&G applications, escalating concerns regarding the burden on grid networks to propel the industry expansion

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The revenue graph of blockchain in energy market is poised to depict exponential growth as the need to develop & deploy new efficient ways of generating & delivering electricity, under the Paris Agreement, intensifies. According to the International Finance Corporation, the Paris Agreement aimed to tackle climate change by generating energy through reliable, clean energy sources. However, countering climate change by completely overhauling the way energy is generated would require emerging markets to mobilize trillions of dollars through different sources.

Germany Blockchain in Energy Market Size, By Power Application, 2018 & 2025 (USD Million)

Germany Blockchain in Energy Market Size, By Power Application, 2018 & 2025 (USD Million)

Moreover, the agreement also requires power generation to be more flexible, distributed and through resources that could be managed through bi-directional communication, allowing investors to easily evaluate & track the impact of their investments. To achieve this mammoth task, investors, policy makers & regulators are likely to utilize blockchain technology, combining it with the Internet of Things (IoT), smart devices and big data. In a nutshell, this requirement would majorly help augment the deployment of blockchain in energy industry.

The advancements in blockchain technology have made it a critical ‘trustless’ component in big data and smart IoT-based devices, making it capable of unlocking the new business models that are extremely necessary for the proposed transformation of the energy sector.

According to the World Energy Council, in 2017 a sum ranging between $100-300 million was invested in more than 100 blockchain applications related to the energy sector. Considering its key role in shaping an energy-efficient future, the implementation of blockchain in energy market is expected to increase extensively in the forthcoming years.

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Impact of blockchain technology on the renewable energy sector

The Challenge: One of the key demands put forward by the Paris Agreement was decentralization of the energy generation system. However, increasing installation of small renewable energy systems, such as rooftop solar, could exert a lot of stress on traditional electricity grids, which were specifically designed with large, centralized energy generation facilities in mind.

The Solution: The blockchain technology’s ability to enable peer-to-peer energy transactions is expected to be a viable solution to this problem as it could effectively stabilize the grid by enabling peer-to-peer energy trading and by incentivizing local consumption during the time of production.

The Potential: According to the United Nations, several nations across the globe are rapidly boosting their share of wind power & solar photovoltaics. Indeed, renewable energy is slated to account for 40% of the world’s energy production by 2040.

The blockchain in energy market is thus projected to accrue substantial gains in the years to come, propelled by the explosive growth of renewables sector.

Impact of blockchain technology on the conventional energy sector

While clean energy is gearing up to represent a majority of the world’s energy production in the coming years, the sector would still require the support of the conventional energy industry to be able to meet consumer demands. Although it would be playing a supportive role, the conventional energy sector would still need to keep its carbon emissions in check. To adhere to the carbon emission rules, natural gas is becoming the fuel of choice.

The Drivers: According to the Union of Concerned Scientists, this paradigm shift to natural gas can be credited to the fact that it emits approximately 50% to 60% less CO2, when it is burned in a new & efficient natural gas power facility, compared to the emissions from a typical coal-fired plant.

The Numbers: According to the International Energy Agency, natural gas accounts for 22% of the energy utilized across the world and also makes up approximately a quarter of electricity generation. Moreover, natural gas is also projected to overtake coal as the world’s second largest energy source by 2030.

The Potential: The oil & gas sector, in recent times, is transforming into a data-intensive industry. According to the Society of Petroleum Engineers, the industry is increasingly incorporating machine learning, artificial intelligence & IoT into its operations.

With such depicted levels of growth, the industry is also scaling up the adoption of blockchain technology, carrying its transformation a notch further. Not to mention, lesser overhead costs, lowered cash cycle times, and fewer cost intermediaries will also help propel the blockchain in energy industry from O&G applications.

Propelled by the expanding renewable and natural gas sectors, the blockchain in energy market is slated to record substantial growth in upcoming years. According to Global Market Insights, Inc., blockchain in energy market size is estimated to cross the $3 billion renumeration mark by 2025.

Author NameAkshay Kedari

Hyperscale data center market to accrue significant gains from the IT & telecom sector, robust adoption of cloud-based services to expedite the global industry growth

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Pertaining to rapid technological advancements in IT & telecom sectors and the shift towards cloud infrastructure, hyperscale data center market has garnered commendable mainstream appreciation recently. Companies are nowadays relying more on cloud computing services as they offer several advantages such as enhanced application performance, efficiency, scalability & flexibility. However, this shift has led to high demand for computational power owing to which enterprises are increasingly outsourcing their data to third-party data centers in a bid to avoid investing on expensive hardware and thereby enhance business profitability.

UK hyperscale data center market, by solution, 2018 & 2025 (USD Million)
UK hyperscale data center market, by solution, 2018 & 2025 (USD Million)

In addition, with more data distribution and greater demand for IT consumerization, organizations are constantly demanding enhanced resources and data center bandwidth, leading to growing pressure on data centers to expand their storage offerings. For instance, the Cisco Global Cloud Index 2015-2020 reports estimate that, by 2020, hyperscale data centers will house around 47% of all the data center servers and 57% of all stored data in these centers. Moreover, increasing demands for online streaming services like Netflix, Amazon Prime and more will proliferate data traffic trends, further supplementing the growth of hyperscale data center industry.

How has cloud adoption helped augment hyperscale data center industry trends?

As cloud-based services and collocated IT models continue to gain traction, companies are constantly demanding for more storage capabilities, leading to the construction of new hyperscale data centers. For instance, in 2019, T5 Data Centers and QuadReal Property Group announced plans to deploy $2.5 billion to develop, acquire and operate flexible and secure data centers to focus on escalating demands of enterprises and hyperscale users. The escalating number of online users and the resultant demand for internet-based services has also led to massive amount of data generation recently.

Additionally, there has also been an increasing demand for colocation services due to the need for affordable and fast data center capacities from the hyperscale cloud and internet providers. These factors have undeniably played a vital role in augmenting hyperscale data center market from cloud providers.

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Owing to the presence of global tech giants, the U.S. hyperscale data center market will witness substantial proceeds over the coming years. Endowed with the presence of some of the largest international cloud platforms such as Amazon, Google, and Microsoft, the country has an overwhelming number of data centers. Of these major players, Amazon’s AWS (Amazon Web Service) has claimed primary dominance in recent years followed by IBM SoftLayer, Google Platform and Microsoft Azure.

The sheer scale of these organizations effectively signifies that businesses are increasingly speculating shifting their infrastructure to the cloud. Moreover, with surging investments in the development of new data scale infrastructure and the robust increase in cloud penetration, the U.S. hyperscale data center industry is likely to accrue hefty returns by 2025.

Hyperscale data center market | Impact on the IT & telecom sectors

The global hyperscale data center market stands to gain much from the IT & telecom sector, given that the industry is witnessing growing adoption of the large-scale infrastructure facilities due to the increase in data generation and storage requirement. Nowadays telecom operators are offering flexible and affordable internet plans to users to gain a competitive lead over rivals, which in turn has led to an increase in data traffic.

Thus, this rapid increase in data generation has encouraged businesses to introduce a highly efficient and scalable IT environment with high computing power, which in consequence, would have a major impact on hyperscale data center industry size from the IT & telecom sector. The emergence of commercial 5G technology is expected to add further momentum to the global hyperscale data center market.

The rapid upsurge in data-centric applications and cloud-based services coupled with the continued growth in data traffic, are certain to result in robust demand for hyperscale data centers. Traffic congestion on aging network infrastructure is also resulting in downtimes, reduced capacity, service interruptions and degradation of delivery quality – further signifying a spate of growth opportunities for hyperscale data center industry contenders.

Author NameMateen Dalal

Edge data center market to accrue substantial gains from the IT & telecom applications, global industry revenue to surpass USD 13 billion by 2024

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Increased deployment of edge computing and the need for having a greater control on data has enhanced the edge data center market penetration across numerous industry verticals worldwide. Establishing a data center close to the source of information allows for a faster access and real-time analysis of data, complemented with reduced network traffic and lower cost for operating and maintaining the infrastructure. The edge data center industry has enabled organizations and cloud-based service providers to reach smaller cities, locations where large data centers do not have a presence but represent considerable data generation.

U.S. edge data center market, by application, 2017 & 2024 (USD Million)
U.S. edge data center market, by application, 2017 & 2024 (USD Million)

Continuous growth of the IT and telecommunications, healthcare, banking and energy segments have gradually propelled the edge data center market revenue over the last few years. These sectors generate enormous amounts of information which are used by enterprise customers and businesses to enhance consumer experience. Growing popularity of online streaming services has also benefited the edge data center industry, as caching web application or content on servers nearer to the market allows for high-quality and high-bandwidth services. Companies like 365 Data Centers and EdgeConneX have tapped into these opportunities and expanded their edge data centers around the globe.

Elaborating further, EdgeConneX had earlier in the year announced its plans to add up to 50 MW capacity in North America, cover tier-2 cities like Atlanta, Phoenix, Denver, among others, and had already opened its second center in Atlanta by August. It later unveiled an edge data center in Toronto as well, bringing its total number to 40 such centers spread over North America, South America and Europe, becoming a key player in the edge data center market. More recently, it had confirmed the acquisition of an edge data center in Warsaw, Poland, encouraged by the nation’s rising adoption of cloud, favorable data regulations and ease of access for nearby countries.

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Widespread expansion activities undertaken by the company is representative of the overall edge data center industry trends, driven by the unparalleled rate of development in the telecommunications sector. The growth of IoT and the increasing number of connected devices globally has created a need for communicating captured valuable data quicker. It is projected that by 2022, the number of connected devices in the world will reach 29 billion, indicating the massive amount of data that will be gathered, inadvertently strengthening the edge data center market.

The propagation of 4G LTE networks has allowed consumers to access and use various online services, with LTE downloads averaging around 19.4 Mbps in the U.S. over the last quarter of 2017. Fast developing economies have also witnessed an accelerated growth rate in terms of IoT and data usage, with average 4G consumption in India reported to be around 11 GB per month in December 2017. Telecom firms are leaning more towards edge computing to gain the ability to store immense data accumulated from devices and direct it straight to a central center or cloud platform, minimizing the backhaul traffic.

Additional reports have indicated that by 2021, global mobile data traffic will reach nearly 49 exabytes per month, which would be a seven-fold increase from 2016 figures. 5G, the latest generation of communication networks, is expected to grow steadily over the period and can become the key network utilized for most applications over the following years. Experts insist that without edge computing, 5G will not be able to meet its intended goals of very low latency and colossal broadband services. Subsequently, as the implementation of 5G proceeds steadily throughout the world, fulfilling the network’s huge potential will necessitate the advancement of the edge data center market.

All in all, the rising network consumption in the telecommunications industry consumers and the augmented utilization of edge computing in other sectors will fuel the global edge data center market, with its valuation estimated to cross USD 13 billion by 2024. Fast-growing companies like Anixter, Cisco Systems, Dell, EdgeConneX, 365 Data Centers, Panduit Corp, Schneider Electric, and many others offer the required edge data center infrastructure, equipment and third party services.

Author NamePankaj Singh

A competitive overview of green data center market: heavy investments in green infrastructure development to augment the industry expansion over 2018-2024

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Green data center market is gaining immense popularity lately with the rise in concerns about the increasing energy costs impacting operational and economic efficiency. Most companies are presently implementing strategies to improve cooling and power infrastructure which is one of the vital factors influencing organizational performance, reliability, and serviceability. The shifting trends toward the deployment of green data centers for storing, managing, and distributing information have helped many software companies reduce energy consumption as well as the total energy cost. In fact, energy conscious companies are heavily investing in development of these centers for regaining cooling and power capacities, thereby providing impetus to green data center industry share.

Germany green data center market size, by solution, 2017 & 2024 (USD Million)
Germany green data center market size, by solution, 2017 & 2024 (USD Million)

Though expensive, considering the long-term benefits of this technology, numerous companies ranging from internet giants to automotive biggies and manufacturing firms to software companies have been involved in green data center infrastructure development. The paragraphs below succinctly elaborate the contribution of myriad companies propelling efficient data center industry share.

In 2018, the leading industry behemoth, Siemens signed a deal with the Irish renewable energy contributor, CES Energy for providing on-site electrical generation services for data centers of various technology multinationals located in Ireland. This on-site energy generation is touted to be rather beneficial for data centers in terms of reducing carbon footprints and energy costs, in addition to helping them meet their data center timeframes with the supply of reliable power. The incidence validates that the availability of renewable energy facilities ensuring on-site generation assistance for achieving emission targets will prove to be a key factor reducing the carbon emissions across Ireland, strengthening green data center market trends.

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Ireland seems to be an ideal location for the establishment of data centers pertaining to climatic conditions, on the grounds of which green data center industry players have been focusing on facility expansion across the nation. Taking into account the shifting focus of technology companies, the regional government is striving to establish Ireland as the European data capital. A few months earlier, the renowned e-commerce contributor, Amazon received approval from the Ireland government to construct a new data center facility in Dublin. The government provided land of 223,000 square feet for the center and an investment of EUR 200 million, with the help of which Amazon plans to establish seven data centers. The implementation of high-profile projects such as the aforementioned is certain to propel Ireland effective data center market.

Presently, many tech giants are looking forward to investing in data center infrastructure development across well-established industrial parks. Through this business expansion strategy, these companies plan to facilitate most of the energy so generated for enhancing operational efficiency. Validating the aforementioned fact, recently, social media giant, Facebook made it to the headlines for planning to invest USD 750 million to develop a data center facility in Huntsville based in Alabama after receiving approval from the local officials. In order to supply power to this facility, Facebook plans to use 100% energy from renewables. The company’s strategy is certain to help Alabama achieve economy benefits, as it is touted to receive about USD 300 million in new tax revenue from Facebook’s future data center over the coming 30 years. It is thus overt that massive investments in renewable data center facilities are likely to impel green data center market size across several geographies.

In addition to already established behemoths like Google and Facebook, many start-up companies are also entering green data center market. For instance, the U.S.-Norwegian start-up company, Kolos is planning to build the world’s largest data center in Northern Norway that will apparently use local hydropower and chilled air for minimizing energy costs. In order to develop this 600,000 sq/m, four-storey green data center building, Kolos has raised funds from the U.S. investment bank and several Norwegian investors. The start-up company declared that this project will be one of the world’s largest green data center as this plant will receive all the required energy from wind and hydropower, which will reduce energy costs by 60% and provide cost-effective benefits to customers.

The increasing awareness regarding green energy among the regulatory bodies of various topographies is certainly a pivotal factor driving green data center market share. In fact, most of the European countries have already implemented strict regulatory norms to encourage the adoption of renewable energy facilities. In this regard, myriad technology contributors have also started deploying renewable energy powered data centers, which has considerably pushed product demand. The continuous investments in facility expansions for achieving higher working efficiency with the reduction of overall operational cost is likely to boost green data center industry share. For the record, by the end of 2024, green data center market will collect a revenue of USD 25 billion.

Author NameSunil Hebbalkar