Friday 31 August 2018

Saudi Arabia Electrical Market- The Demand For Electrical Aspects Of Infrastructure Is Expected To Rise

For a number of decades, the Kingdom of Saudi Arabia (KSA) had remained as a traditional Arab country with vast abundance of fossil fuel resources, which ensured wealth but infrastructure remained limited. However, in the recent past, the government has changed its focus onto building metropolitan areas, particularly in the cities of Riyadh, Jeddah, Mecca, and Medina, with the last two being holy place for the Muslim Community to visit. As Saudi Arabia gears up to emulate the United Arab Emirates (UAE), the demand for electrical aspects of infrastructure is expected to rise.

According to an up to date business publication compiled by Transparency Market Research (TMR), the Saudi Arabia electrical market will be worth US$10.8 billion by the end of 2023, with the demand projected to multiply at an impressive compound annual growth rate (CAGR) of 10.4% during the forecast period of 2015 to 2023.

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Overall Shares Fairly Fragmented Among Vast Pool of Players

The analyst of the TMR report has detected a considerably fragmented competitive landscape in the Saudi Arabia electrical market, with a number of players staking a claim for nominal shares. That being said, Schneider Electric SA, ABB Ltd., and Alfanar Electric have been identified as the companies who currently are marginally ahead of the curve on the back of their esteemed product portfolio and global presence. As of 2014, these three players constituted for more than a quarter of the total demand share in the Saudi Arabia electrical market.

The analyst of the report has also highlighted that lighting protection solutions are currently yielding more than 80% of the total demand and focus is expected to remain on their in the near future too. In addition to carving their product portfolio in the direction of demand flow, major players are also indulging in mergers and acquisitions to make a firm entry into the expanding revenue avenues.

Based on solutions, the market has been segmented into lighting solutions and electrical solutions whereas on the basis of product type, the market has been bifurcated into low voltage (LV) systems and metallic cable management systems. Currently, lighting systems and LED lighting segments are gaining traction as they substantially add to the appearance of the location they are fitted at.

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Global Wood-Plastic Composites Market: Increase in Building and Construction Activities to Boost Demand

According to a new report published by Transparency Market Research (TMR), the global wood-plastic composites market demonstrates a highly fragmented and a competitive landscape. With the presence of a number of wood-plastic composite manufacturers, the competition within the market will continue to increase in the years to come. The leading companies, such as, Fiberon LLC, Trex Co. Inc., Fineko, a CPG International, and Advanced Environmental Recycling Technologies, are focusing on expanding their businesses by reaching out to consumers in developing economies. Mergers, acquisitions, and partnerships are likely to surface as the most popular strategies among participants looking to expand their reach across various regions, notes in the study.

As per TMR’s estimations, the global market for wood-plastic composites was US$2.6 bn in 2012. Analysts anticipate the market to expand at a CAGR of 10.80% during the period from 2013 to 2019 and attain a value US$5.3 bn by the end of the forecast period. Polyethylene wood-plastic composites have emerged as the most valued product in this market and the trend is projected to remain so over the next few years, states the research report.

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Demand for Wood-plastic Composites to Remain Strong in Building and Construction industry

Wood-plastic composites find a widespread application in a number of industries, including the automotive, electrical, and the building and construction sectors. They are also extensively utilized into trays, shoe soles, toys, and musical instruments across the world, states the research report. The demand for these composites has been higher in the building and construction industry in the last few years. Thanks to the augmenting utilization of these composites in decking boards, window lineals, door components, rails and balusters, and fencing and sliding products, the building and construction industry is likely to remain the key consumer of wood-plastic composites in the years to come.

The report also analyses the worldwide market for wood-plastic composites geographically, segmenting it into Europe, Asia Pacific, North America, and the Rest of the World (RoW). With a share of more than 65%, North America led the global market in 2012. The regional market is anticipated to continue at the top position over the forecast period. Asia pacific, on the other hand, is expected to present the most lucrative growth opportunities to wood-plastic composite manufacturers in the near future, states the study. 

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Global Curved Televisions Market to Expand at 96.70% CAGR from 2013 to 2019

Consistent design and technological innovations leading to superior features of LED televisions will boost the global curved televisions market rapidly, says Transparency Market Research (TMR). Developing at an outstanding 96.70% CAGR from 2013 to 2019, the market’s valuation will increase from US$0.14 bn in 2013 to US$8.4 bn until 2019, says a recent market study released by TMR.The report, titled “Curved Televisions Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 – 2019”, is available for sale on the company’s website.
Browse the full Curved Televisions Market (By Screen Size – Large-sized Curved Televisions, Mid-sized Curved Televisions and Small-sized Curved Televisions) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 – 2019 report at https://www.transparencymarketresearch.com/curved-televisions-market.html
The phenomenal development of the global curved televisions market is attributed to several reasons, says the report. First and foremost, curved screen television sets offer a wider view than flat screens, which allows a wider on-screen picture to be enjoyed by viewers without turning their heads.

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Image sharpness sans pixelation due to the usage of organic light emitting diode (OLED) and light emitting diode (LED) screen technologies in curved televisions add to the attributes of this television technology. Curved televisions offer advanced features of 3D compatibility, auto depth enhancement, reduction in reflection, ultra high definition (UHD) resolution, and high contrast. Last but not the least, curved televisions are more economical in terms of energy consumption compared to their flat screen counterparts.

Despite the positive attributes, the high prices of curved television sets are detrimental to the growth of the market. OLED screen technology, which is essential for these sets, emits light through the television’s thin screen with the ease of bending to the desired curvature. To fully utilize this capability, manufacturers of curved televisions have invested heavily in R&D for the technology, resulting in high prices of curved television sets. With the demand for advanced entertainment systems increasing among consumers, the curved televisions market will witness substantial growth during the forecast period.

On the basis of screen size, large-sized curve televisions, small-sized curve televisions, and mid-sized curve televisions are the segments of this market. In 2103, mid-sized curve televisions dominated the market and will continue to enjoy dominance during the report’s forecast period.

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Rising Dependency on Technology to Certainly Boost Chatbot Market

The global market for chatbot is highly consolidated, as there are very few companies ruling the market with above 90% of the market share, as stated by Transparency Market Research (TMR). The prominent players in the market are Google, Facebook, and Microsoft. Where some of the other players contributing in the overall development of the chatbot market globally includes Imperson Ltd., Astute Solutions, Haptik, Inc., Kasisto Inc., Pandorabots, Inc., Kiwi, Inc., Helpshift, Microsoft Corporation, ToyTalk (PullString Inc.), and Slack Technologies, Inc. Yahoo is also a significant player among the various global players. Twitter, Skype, WeChat, and Line are various other messaging applications used as massive communication handles. Competition is fierce among the players and is highly depended on the services they provide to their user base.

According to the TMR analysis, the Chabot market is expected to show astonishing increase of 27.8% of CAGR during the core of eight years staring from 2016 to 2024. The valuation for the Chabot market is estimated to reach US$ 0.94 bn by the end of the forecast period in 2024, which was US$ 0.11 bn in 2015. Enterprise size is categorized on the basis of small and medium enterprise and large enterprise, in which large enterprise is expected to dominate the market by generating a revenue of US$ 0.62 bn by the end of the projected period. They use chatbot for digital marketing applications and massively use to initiate business process automation activities. North America is leading region by having maximum share in the overall market, and is expected to prevail its dominance in the forecast period.

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Chabot to Significantly Benefit Ways of Digital Marketing

The increasing dependency on technology and constant developments in the working of artificial intelligence (AI) has significantly boosted the demand for chatbot market. Additionally, AI has also evolved the way chatbot responded from simple answering machine into a smart communicative platform for customer interaction. The chatbot has greatly benefited business by growing enhancing their marketing strategy with effective use of chatbots. Moreover, implementation of artificial intelligence in consumer electronics has also grown the customer base with the help of chatbots.  Over the past few years, technological developments have enhanced the capacity of the many business using digital ways to boost their marketing strategy, as voice and messaging services have come into the mainstream usage. Thus, these factors are projected to rise the chatbot market globally during the forecast period.

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Circuit Breakers and Fuses Market is expected to reach USD 31.11 Billion in 2021

According to a new market report published by Transparency Market Research “Circuit Breakers and Fuses Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021,” the circuit breakers and fuses market was valued at USD 20.75 billion in 2014, which is expected to reach USD 31.11 billion by 2021, growing at a CAGR of 6% from 2015 to 2021.
Browse the full Circuit Breakers and Fuses Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021 report at https://www.transparencymarketresearch.com/circuit-breakers-fuses-market.html
Circuit breakers are electric switches which operate automatically to protect the electric circuit from damage by turning itself on/off when faced with overload or short circuit. The basic function of the circuit breaker is to identify any malfunctioning and breakup in the current flow. Whereas fuses are a kind of low resistance resistor which acts as a sacrificial appliance designed to protect overcorrect protection from either load or short circuit. Growth of industrial and construction industry in emerging markets and increasing demand for electricity and reliable power delivery are factors driving the circuit breakers and fuses market. Moreover, electronic devices are vulnerable to failure due to power fluctuations. Private agencies and governments around the world have recommended and mandated the incorporation of device protection components such as fuses and circuit breakers in electronic devices.

Geographically the circuit breakers and fuses market has been broadly segmented into North America, Europe, Asia Pacific and Rest of the World (RoW). In 2014 North America was the largest contributor in the circuit breaker and fuses market. The North America market accounted for 34.8% of the total market share. The market for circuit breakers and fuses in North America is likely to grow significantly in the future due to rising demand for electricity.

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The global circuit breaker and fuses market is segmented by the voltage level of installation into low, medium and high voltage circuit breakers. By arc quenching media type the circuit breaker market can be segmented into air, vacuum, oil and SF6 circuit breakers. Further, the fuses market is segmented into low voltage fuses and high voltage fuses. The low voltage fuses are further segmented into Plug-in fuses and cartridge fuses. The low voltage circuit breakers were a major contributor in the global circuit breakers and fuses market in 2014. This growth is attributed to vast and rapid development of power grids.

The global circuit breaker and fuses market by industrial application has been segmented into: construction, automotive, industrial, consumer electronics, power generation, healthcare and military. The power generation segment was the largest contributor in the circuit breakers and fuses market. In 2014 the power generation segment amounted for USD 5.41 billion. There is growth in demand for efficient and smart power generation which is required to address the futuristic demand for electricity. As power generation increases, the market for protection devices such as circuit breakers and fuses is expected to grow.

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Global Computer Graphics Market : Solid Foothold of Local Players to Intensify Competition

Although the global market for computer graphics is led by a few established multination players, such as Intel Corp., Nvidia Corp., Sony Corp., Siemens, Adobe, Microsoft, and Autodesk Inc., it demonstrates a fragmented competitive landscape due to the stronghold of local participants in regional pockets, states a new research report by Transparency Market Research (TMR). Over the coming years, with many players opting for mergers, acquisitions, and strategic agreements to strengthen their positions, the competition in this market is anticipated to intensify significantly. The low entry barriers for new players, thanks to the low cost and easy availability of labor, especially in emerging economies, will further increase the level of competition in this market in the near future, states the research report.

According to TMR, the opportunity in the worldwide market for computer graphics, which stood at US$130.9 bn in 2015, will be progressing at a CAGR of 5.50% during the period from 2016 to 2024 and reach US$211.60 bn by the end of the forecast period. The demand for hardware components is greater than the software components and this trend is expected to remain so in the near future. Image processing, CAD, entertainment, and user interfaces have surfaced as the key application areas for computer graphics. On the geographical forefront, the global computer graphics market is dominated by North America. With the presence of key visual effect providers in the U.S. and Canada, this regional market is anticipated to continue on the top over the next few years, notes the study.

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Rise in Media and Entertainment Industry to Influence Demand for Computer Graphics

“The global market for computer graphics has witnessed an exceptional upswing in its valuation over the recent past, thanks to the remarkable boom in the gaming industry,” says an analyst at TMR. “The significant rise in the media and entertainment industry is also fuelling the demand for computer graphics, reflecting positively on this market,” she added.

The augmenting usage of 3D animation effects and image processing in various media and entertainment applications and the fueling demand for computer graphics software in several end-use industries, such as auto.

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Global Parking Management Solutions Market : Increasing Number of Vehicles across Globe to Drive Demand for Market

The key players in the global parking management solutions market include name such as Parkeson S.A.S., IPS Group Inc., Ventek International, J.J.Mackay Canada Limited, LocoMobi Inc., Cale Access AB, Parking BOXX, METRIC Group Ltd., Parking Inc., CivicSmart Inc., and POM Inc. The companies in the market are indulging into strategic business activities such as product development and product innovation to enhance their overall market presence. Along with that, the companies are also striving to provide integrated solutions and applications for efficient management for parking requirements. Apart from this, development of parking management solutions that are more customer friendly, cost-effective with better reliability compared to the existing management solutions are also some of the other strategies adopted by the companies to stay ahead in the global competition.
The global market for parking management solutions is expected to reach an overall market valuation worth US$614.59 bn by the end of 2025. This growth of the global market is projected to be achieved with the help of an impressive CAGR of 9.3% over the course of the given forecast period of 2017 to 2025.

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Increasing Number of Vehicles to Raise Demand for More Parking Spaces

The increasing demand for smooth movement of traffic to monitor the constant traffic congestions and other issues related to transportation is one of the chief driving factors for the growth of the global market for parking management solutions across urban cities. Ever increasing populations and the consequent rise in the number of vehicles are also important factor in spurring the development of the global market in the coming years of the forecast period.

The number of vehicles across the globe is on a constant rise and is subsequently leading to issues related to scarcity of parking areas. This has led to rise in demand for smart and efficient parking systems. Advanced parking management systems that are presently in use not only offer a high degree of convenience to drivers, but also helps in easing up the business functions and other operations at the parking areas.

The other advantages of the parking management solutions include cut down in the overall cost of hardware and connectivity and rise in the revenue profits of the owners of the parking sites.

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Global Smart Locks Market to Rise at a Growth Rate of 18.3% CAGR Owing to Increasing Crime Rate

The world smart locks market is estimated to rise substantially within the duration of 2016 to 2024, due to rising progress in various technologies such as 2G, 4G, a nd 5G, technologies together with the soaring demand for the infrastructure of smart city. The world market for smart lock is quite fragmented due to the presence of many different players in most of the regions across the globe. The leading market players are making investment hugely in the activities of research and development so as to bring about product development to progress in the market.

Honeywell, Kwikset, Panasonic, and AugustHome, are some of the leading firms in the world market for smart locks. These companies are emphasizing on mergers and acquisitions, and partnerships for better future opportunities.

In accordance with a report by Transparency Market Research (TMR), the world market for smart locks was evaluated to be around worth around US$ 226.7 mn in year 2015. The said market is foreseen to expand with a double digit CAGR of 18.30% within the forecast timeframe that extends from the year 2016 to the year 2024. By the end of the year 2024, the said market is expected to become worth around US$ 1.01 bn.

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North America to Continue with Its Market Dominance during the Forecast Period

Regionally, the research report makes a presentation of an overview of the growth prospects of the said market across various geographies such as South America, North America, Middle East and Africa, Asia Pacific, and Europe. The said report makes a statement that the international market for smart locks is presently dominated by developed regions of Europe and North America, with Europe trailing North America in the year 2015. The regional market of North America accounted for a substantial share of around 33.6% of the overall market.

It has however been prognosticated that the infrastructure and technology required for the large-scale usage of smart locks will finally become more and more economical and accessible for various developing economies such as India, Japan, South Korea, and China thereby driving the market for smart locks in Asia Pacific.

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Global Email Marketing Market : Small and Medium Size Enterprises to be Key Users

The global email marketing market is fragmented. There is intense competition in the market between players such as Microsoft Corp., IBM, Zoho Corp., Responsys Inc., and Epsilon. These companies collectively accounted for 44% of the market in 2016, states Transparency Market Research (TMR) in its new report. The competition is mainly between established players, who are providing solution and services to end use industries. High investments in various technologies and innovations for email marketing the market. Technical advancements in tools of email marketing solution and the growing research activities for the development of services and solutions will attract new players in the market.

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According to the report published by TMR, the global email marketing market is likely to expand at 19.60% CAGR from 2017 to 2025. The market will be worth US$22.16 bn by 2025 after being worth US$4.51 bn in 2016. On the basis of component, the software segment is expected to emerge as the leading one in the forecast period. The increasing uptake of white label software, web based software, and third party standard software is behind the growth of the software segment’s leading position in terms of components. On the basis of enterprise, the small and medium enterprises will adopt email marketing on a larger scale. Small and medium enterprises make use of the email marketing tool for targeting various groups of users to advertise their products, services, and solutions. It is estimated that the small scale enterprises in the retail or commerce business will make the most contribution to the global email marketing industry in the years to come. 

Asia Pacific to be Lucrative Market for Email Marketing

By geography, the market is expected to be led by Asia Pacific. The region is expected to expand at a 22.80% CAGR between 2017 and 2025. North America is expected to witness a sluggish growth in the years to come on account of the various regulatory laws. In North America, the U.S. and Canada the CAN-SPAM Act and CASL act are governing the email marketing practices. However, the growing internet penetration and increasing number of smartphone users may bode well for the North American email marketing market in the coming years.

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Global Online Gambling & Betting Market: Influential Factors Determining the Trajectory of the Market

According to a new market research report published by Transparency Market Research titled “Online Gambling & Betting Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,” the global online gambling & betting market is expected to reach a value of US$ 128.2 Bn by 2026, expanding at a CAGR of 11.8% from 2018 to 2026. Europe held the leading share of the online gambling & betting market in 2017.

Online gambling and betting refers to operators providing gambling and betting games, such as, casino, poker, sports betting, lottery, and other games to end-users through an Internet-based digital platform. This allows users to witness and engage in gambling and betting activities in real-time through their Internet-enabled electronic devices. Rise in penetration of Internet-based devices, trust on wagering through online mode of payment, and relaxation of laws have boosted the online gambling & betting market across the globe. Based on device type, the mobile segment is anticipated to expand at a significant CAGR of around 16 % during the forecast period.

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Factors, such as, increase in prevalence gambling, disposable income of consumers, trust in a wagering through electronic payment mode of online gambling & betting, and growth in penetration of the Internet, along with adoption of Internet-based devices, are driving the growth of the online gambling & betting market. However, stringent regulatory laws for online gambling, insufficient facility for internet operations, and threat of cyber-attack are the major challenges faced by the online gambling & betting market. Furthermore, the online gambling & betting market faces threats from regulatory bodies implementing stringent laws and regulations in terms of social-political aspects and the availability of option to wager in traditional or offline gambling & betting. Nevertheless, integration of live streaming with online gambling and development of online gambling & betting sites with advanced technology as per requirement of end-users are likely to create new opportunities in the market.

The global online gambling & betting market report offers detailed segmentation based on gaming type, device type, and region. According to the report, based on gaming type, the sports betting segment is anticipated to expand at a significant CAGR of about 14 % during the forecast period. Casino was the second leading segment of the online gambling & betting market in terms of value in 2017. In terms of value, the sports betting and casino segments are projected to expand at a CAGR of about 14 % and 12 %, respectively, during the forecast period. The mobile segment is anticipated to expand at a CAGR of around 16% from 2018 to 2026. The desktop segment is expected to remain at a competitive growth rate with a CAGR of around 6 % during the forecast period.

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Thursday 30 August 2018

Global Athletic Footwear Market-Athletic Footwear Is Facing A Rise In Demand Owing To Its Diverse Usage In Different Conditions

The global athletic footwear market comprises of few key players. According to a report by Transparency Market Research, the key players in the market are adopting various strategies to keep the consumers engaged. These strategies include robust distribution channel, iconic brand presence, engaging in luxurious and large retail spaces. These few players monopolize large part of the market. To boost the products sales, the retail agents are promoting impulsive purchasing. The leading vendors in the market are engaging in providing utility, variety, and comfort in their product portfolio in order to keep their consumer engaged and to hold larger share in the market. Some of the key players in the market are Nike, Adidas, Skechers, Reebok, and Puma.

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The global athletic footwear market is anticipated to expand at a 1.80% of CAGR during the forecast period of 2012 to 2018. The market was valued at US$74 bn in 2011 and is expected to rise at a valuation of US$84.4 bn by the end of 2018.

The global athletic footwear market segment by consumer group is led by men. This gender has been consistently leading the consumer group. The men athletic footwear segment held 55% of the total market share. This trend will be leading the market during the forecast period due to men showing more preference for athletic footwear. Among all regions, Asia Pacific is anticipated to rise as the leading segment in the global athletic footwear market due to the rise in demand from this region. This region is anticipated to hold a significant 41.6% share in the overall market during the forecast period.
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Shopping Made Easy by E-Commerce to Boost the Market

Athletic footwear is facing a rise in demand owing to its diverse usage in different conditions. It is used by various consumer types. Moreover, the trend for fitness and health consciousness had led to rise of athletic footwear. The different type of consumers demanding athletic footwear are people who use lenient fitness routine, people who are wearing atheisure as a style, conscious customers, and gym goer. Customized and lightweight athletic footwear is also drawing attention of consumers. These branded footwear companies have large distribution channels across the world so that it can be easily available to the customers. The growing number of physicians preferring athletic footwear to maintain fitness is also a major factor for the rise of global athletic footwear market. E-commerce has made it all the more convenient for customers to buy these athletic footwears. E-commerce is used exhaustively in the developed countries and is emerging in the developing countries. The online distribution strategies has led to rise in demand for the global athletic footwear market.

Penetration of Smartphones to Propel the Global Wearable Technology Market

The global wearable technology market is anticipated to grow significantly in coming years. The report goes for evaluating the market size and future development capability of the wearable innovation market in light of types, items, application, and area. The report breaks down the market structure by distinguishing different sub-segments of the wearable technology market. The two primary motivations behind wearable technology are to keep a check on different substantial markers and to engage the client associated with the computerized world by synchronizing to parent electronic gadgets, for example, cell phones. Adidas, Abbott, Sony, Google, Zephyr, Medtronic, Nike, Eurotech, Suunto, and Garmin International Inc. are some of the leading players in the market.

Some wearable gadgets can likewise process information picked up from the markers they screen and take activities, for example, medicate delivery in response. The global market for wearable technology is anticipated to be on the peak attributable to developing interest from more youthful socioeconomics and the high registering power wearable gadgets give in a generally little and minimal size. According to Transparency Market Research (TMR), the worldwide wearable technology market, was worth US$750 million of every 2012. It is relied upon to make additionally contribution in the coming times, at a robust CAGR of 40.8% within the forecast period between 2012 and 2018. The 2018 estimation of the worldwide wearable technology market is relied upon to be worth US$5.8 bn, a hop of near 800% in its 2012 share.

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Rise in Disposable Income to Fuel the Global Wearable Technology Market

Developing awareness among the worldwide people with respect to their prosperity, the real driving element of the worldwide wearable technology market, is projected in the chain of importance of the market, as the medicinal and healthcare end-use segment took up an overwhelming 35.1% share in year 2012. Healthcare and fitness took after the healthcare industry part as the biggest end client of wearable electronic gadgets. Persistent glucose monitors are also a huge portion in the medicinal and social insurance industry attributable to the developing pervasiveness of diabetes in the rising economies of Latin America and Asia Pacific. Insulin delivery gadgets additionally assume a noteworthy part in the ruling of the healthcare and medical segment in the worldwide wearable technology market.

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Global Gas Sensors Market to Rise to US$2328.3 mn by 2018 as Workplace Safety Regulations Become Stringent Globally

The global gas sensors market has witnessed a massive rise in competition among manufacturers and innovators in the recent years owing to dropping costs of raw materials and manufacturing processes, observes Transparency Market Research in a recent report. The presence of a large set of small and large gas sensor companies in the global marketplace has rendered the vendor landscape fragmented and further competitive. To stand out from peers, companies have focused their research efforts towards the development of new and more effective varieties of sensors and more effective techniques for fabricating gas sensors.

Some of the leading companies in the market are Dragerwerk AG & Co. KGaA, Robert Bosch, LLC, Nemoto & Co., Ltd., Aeroqual Ltd., GfG Europe Ltd, Dynament Ltd, Figaro Engineering Inc., and Trolex Ltd, ABB Ltd.

According to the report, the global gas sensors market is estimated to exhibit a healthy 5.7% CAGR from 2012 to 2018, rising to a revenue opportunity of US$2328.3 mn by 2018.

Europe Accounts for Dominant Share in Overall Market

In terms of technology, the segments of electrochemical and semiconductor gas sensors collectively accounted for a share of over 35% of the overall market. The high efficiency and low cost of sensors based on these technologies are the key forces attributable to their high consumption. From a geographical perspective, the market in Europe currently ranks as the leading revenue contributor to the global market owing to stringent employee safety regulations in the region and the advanced industrial sector.

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Increased Focus on Employee Safety to Help Market Pick Pace

Areas that are at a potential risk of harm from fatal gases are largely dependent on the reliability and efficiency of the gas leak detector systems and the sensors used in them. Of late, stringent government regulations regarding the safety of workers at workplaces, especially in oil, gas and chemical industries, and occupational health and the rise in investment in these industries have led to an increased demand for gas sensors. Moreover, the market benefits from the commonplace and widespread applications of gas sensors across a number of other industries, wherein advanced gas sensors are becoming the key to effective safety mechanism of a vicinity or plant.

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Electronic Access Control Systems Market to Grow at Stellar 12.6% CAGR Owing to Demand for Better Security

The global electronic access control systems market depicts the existence of a highly fragmented vendor landscape owing to the presence of innumerable players. This has given rise to an intensified competition present between many players in this market. With new players entering this landscape on a regular basis, the global electronic access control systems market is expected to witness a highly intensified competition during the forthcoming years.

Most players are expected to expand their businesses by focusing on product diversification and development, consequently making them capture leading market shares. Expansion in emerging economies to boost growth and products’ sales also is a prime strategy implemented by most players operating in the global electronic access control systems market. This is mainly due to the untapped potential present in the emerging economies in terms of product selling and revenue generation.
Cisco Systems, Inc., Godrej Industries Limited, Tyco International Ltd., United Technologies Corporation. Honeywell International Inc., Panasonic Corporation, 3M Cogent, Inc., Safran SA., Everspring Industry Co., Ltd., Digital Persona, Inc., Magal Security Systems Ltd., Hitachi Ltd., and Siemens AG., are key companies operating in the global electronic access control systems market.

According to experts from Transparency Market Research, the global electronic access control systems market is expected to fetch revenue worth US$31.188 bn by the end of 2019, which depicts a spectacular growth to occur after accumulating revenue worth US$15.406 bn registered in 2014. This growth is projected to occur at a stellar CAGR of 12.6% during the forecast period from 2014 to 2019.

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Rising Cases of Violence Boost the Need for Electronic Security

Growing concerns about the rate at which criminal activities and terror attacks are rising, especially on the public and government locations, are primarily driving the global electronic access control systems market. This is majorly owing to extensive security provided by the control systems by setting up barriers to unauthorized public through electronic means.

To tackle vandalism, fraudulence, illegal immigration, and other similar activities, most governmental offices and several private enterprises set up the electronic access control systems. Thus, a dire need for high security from violent societal elements that can disrupt harmony and peace in particular establishments is inducing the global electronic access control systems market to expand spectacularly. With a surge occurring in the construction of roads, residential and commercial buildings, the need for electronic access control systems has tremendously increased. Lastly, widespread advancements in mobile devices and sensor technologies has led to a shift in the perspective of potential customers to adopt quality biometric systems and other electronic access systems.

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Global Surge Protection Devices Market-Increased Uptake of Consumer Electronics Globally

The vendor landscape of the global market for surge protection devices has been rendered largely fragmented and competitive owing to the presence of a large number of product manufacturers, notes Transparency Market Research in a recent report. The market has witnessed increased efforts from leading vendors towards the introduction of innovative and more advanced product varieties and expansion across emerging regional markets and application areas. Moreover, funds diverted towards R&D efforts have also seen a significant surge in the recent years. Some of the leading companies in the market are Emerson Electric Co., Schneider Electric S.E., Raycap Corporation S.A., Eaton Corp. PLC., GE Industrial Solutions, Tripp-Lite, and ERICO International Corporation.

According to the report, the global surge protection devices market is likely to exhibit a promising CAGR of 5.6% from 2014 to 2020, rising to a revenue opportunity of US$2,808.6 mn by 2020.

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Industrial Sector to Remain Leading Consumer of Surge Protection Devices

Of the key applications of surge protection devices covered in the report, applications across the industrial segment accounted for a dominant share in the overall market in 2014, valuing at US$763.2 mn in the same year. This can be attributed to the steady pace of industrialization in regions such as Asia Pacific and Middle East and Africa where the uptake of automation technologies in manufacturing and processing sectors is high.

Geographically, the market in North America held the dominant share in the overall market, thanks to the rising sales of electrical and electronic devices in the industrial and residential sectors in the region. The region is likely to retain its dominance over the forecast period in terms of revenue contribution to the global market, despite it being predicted to register the lowest CAGR over the forecast period among all the regional markets examined in the report.

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FPGA Market- The Growing Penetration Of Smartphones Across The World Translates To A Positive Outlook

The growing penetration of smartphones across the world translates to a positive outlook for the global field programmable gate array (FPGA) market. Transparency Market Research’s latest report states that the global FPGA market will report promising expansion with a CAGR of 8.6% between 2014 and 2020. TMR’s analysis puts the value of the global FPGA market at US$5,487.2 million as of 2013, and pegs the market to stand at US$9,734.4 million by 2020. The report published by TMR is titled ‘FPGA Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014–2020.’Traditionally, the design of FPGAs was not heavily determined by the price of smartphones or the amount of power they consume.

The competitive electronics market has changed that. Smartphones, one of the fastest-growing markets in the consumer electronics industry, need to be feature-packed without guzzling power. At the same time, the cost factor is a crucial aspect that influences purchase decisions in the market. Consequently, FPGAs are now targeted toward inexpensive and power-sensitive handheld devices and smartphones.


Based on recent trends, TMR analysts predict that smartphones will play a central role in the global FPGA market. FPGAs, thanks to their built-in RAM, are able to perform functions such as image enhancements and signal processing – these are collectively referred to as digital signal processing (DSP) functions.As people consume more digital content, the demand for bandwidth has reported an unprecedented increase. This is yet another factor that will have a positive bearing on the growth of the global FPGA market. Higher the demand for faster processing speed in the smartphone and tablets markets, the greater will be the scope for the expansion of the FPGA market.

The report segments the global FPGA market based on technology as: Flash-based, static random-access memory (SRAM), and antifuse. In 2013, the largest share of the FPGA market was held by SRAM. This segment is projected to stay firmly in the leading position to 2020. The preference for SRAM-based FPGA arises due to its rapid in-circuit reconfiguration. FPGAs based on SRAM also show higher tolerance to radiation – an attribute that makes them highly suited in aerospace applications. Aerospace and ancillary industries are predicted to make extensive use of FPGAs for imaging and in wireless sensors.For a clear picture of the regional markets and their performance over the next five years, the report segments the global FPGA market into: North America, Asia Pacific, Europe, and Rest of the World.


In 2013, Asia Pacific was seen as the most dominant region in the global FPGA market.  The dominance of the Asia Pacific region can be ascribed to the strong electronics industry in countries such as South Korea, China, and India. The report also carries a Company Profiles section that features leading FPGA market players such as Tabula, Lattice Semiconductor Corporation, Xilinix, Microsemi Corporation, Altera Corporation, and others.

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Global Temperature Sensor Market : Modernization of Healthcare in Emerging Economies to Help Market Gain Traction

Amidst a high degree of fragmentation and intense competition, top six players in the temperature sensors market held mere 19% share in the overall market, finds Transparency Market Research (TMR) in a new report. As the market suffers from lack of differentiating attributes in key products, this has given rise to price-wars among market participants for greater share. In this competitive market, leading vendors are vying to consolidate the vendor landscape and are proactively engaging in strategic collaborations.

Some leading participants in the global temperature sensor market are ST Microelectronics N.V., Panasonic Corp., Infineon Technologies AG, Honeywell International Inc., General Electric Co., and Texas Instruments Inc.

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As per the TMR report, the global temperature sensor market will expand at a steady 4.6% CAGR over the 2016-2024 forecast period. At this pace, the market which stood at US$4.6 bn in 2015 will become US$6.6 bn by 2024. Vis-à-vis volume, the market is anticipated to exceed 2.93 bn units by 2024. Among the key product types being purveyed in the market, which includes thermistors, resistance temperature detectors, bimetallic temperature sensors, thermocouple, infrared temperature sensors, and fiber optic temperature sensors, thermistors account for grossing maximum revenue in the recent years. Going ahead too, the segment is poised to continue to remain at the fore. However, infrared temperature sensors is likely to witness a high growth rate vis-à-vis revenue due to their rising applications across several industry verticals.

Geographically, North America is presently the dominant regional market. This is mainly because of increasing adoption of temperature sensors across the medical, oil and gas, and healthcare sectors.

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Flourishing Consumer Electronics to Present Attractive Opportunities

According to the report, majorly fuelling the global temperature sensor market is increasing bend of key industries towards non-contact sensors, vast rise in demand from flourishing consumer electronics industry, along with increasing number of applications. Among these, consumer electronics is predicted to provide attractive growth opportunities to the temperature sensor market. The soaring demand for mobile phones, wearable devices, laptops, LCDs, and fitness bands is acting in favor of the temperature sensor market, says the report.

The modernization of the medical and healthcare sector is a key factor fuelling the global temperature sensor market. Several governments especially in developed nations are taking initiatives to provide comprehensive healthcare at each and every healthcare facility be it in the remotest region of the nation.

Electronic Equipment Repair Service Market is Driven Due To Continuous Innovations And Technological Advancements

According to a new market report published by Transparency Market Research titled Electronic Equipment Repair Service – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,’ the global electronic equipment repair service market is expected to reach US$ 162.39 Bn by 2026, expanding at a CAGR of 8.1% from 2018 to 2026. Europe held a prominent share of the electronic equipment repair service market in 2017.

The adoption of electronic equipment has increased across the region due to continuous innovations and technological advancements in electronic equipment technologies. Electronic equipment such as consumer electronics, home appliances, medical equipment, and industrial equipment require maintenance and servicing to lengthen their life. This is expected to drive the electronic equipment repair service market during the forecast period. Moreover, rise in demand for refurbished electronic equipment in developing regions is a major factor that is expected to boost the electronic equipment repair market in the coming years. All these factors are anticipated to drive the electronic equipment repair service market during the forecast period.

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However, a shift in consumer behavior toward purchasing new products and poor-quality or duplicate spare parts are expected to hamper the expansion of the electronic equipment repair service market during the forecast period.

The consumer electronics segment is expected to expand at a rapid CAGR as consumers are more likely to repair or refurbish their current devices instead of investing in new equipment. This is anticipated to fuel the expansion of the electronic equipment repair service market in the coming years. Under the consumer electronics segment, the smart phone & mobile phones sub-segment holds a major share of the market, followed by the television and others segments (music players, routers, etc.). Increased dependence of modern day individuals on the Internet in everyday life has created a need for portable connected devices that allow access to the Internet anywhere and everywhere. In that respect, smartphones offer Internet connectivity on-the-go along with the advantages of traditional mobile phones or feature phones. Owing to these factors, the smartphones and mobile phone segment is expected to maintain its market share during the forecast period.

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