Thursday 30 March 2017

Cladding Systems Market - Technological Advancements, Evolving Industry Trends And Insights

Cladding is mainly a nonloadbearing layer or coating attached to the external part of a house to shed water and safeguard the home from the effects of varied weather. Cladding systems are important components in the artistic demand of the home and directly affect both property value and building cost. The main roles of cladding are to control the inflow of water vapors and the infiltration of weather elements, while providing a robust, artistically attractive appearance. It is also used to protect buildings’ fire resistance, sound, and thermal insulation, and provide the ability to maintain a clean surface in polluted and dusty environments.

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Cladding systems include vertical or horizontal boards, smaller overlapping panels, or sheet materials such as tiles and shingles. In addition, these systems use diverse approaches to prevent rain and wind entering through the linkages. Cladding can be directly attached to the frame or to a middle coat of boards or parts to prevent condensation while permitting water vapor to escape.

The global cladding systems market is experiencing growth owing to factors such as rise in non-residential building and infrastructure activities, growing residential construction, and the high durability of cladding systems. Besides this, new construction and remodeling is anticipated to upsurge the demand for cladding systems during the forecast period. The evolution in the construction industry around the globe as well as government rules and regulations regarding zero-energy building codes are also major factors expected to impel the cladding systems market after the economic slowdown. However, high installation and raw material cost is the major factor that can hamper the global cladding systems market growth. In addition, the high repairing and maintenance cost is the major challenge for the cladding systems market.

The major supportive trend for the global cladding systems market includes increased populations and development in emerging nations, growing demand for protective systems, rise in demand for fiber cement, and increased demand for sustainable cladding resources. These factors are anticipated to open new opportunities for the cladding systems market’s growth in the coming years.

North America is anticipated to dominate the market during the forecast period due to the growing inclination of companies toward capital-intensive projects in this region, along with the availability of technical knowledge. However, Asia Pacific is also estimated to have a positive impact during the forecast period. The market for cladding systems in Asia Pacific is anticipated to develop significantly in the coming years due to the expanding economy and speedy growth in the infrastructure sector in this region.

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The global cladding systems market can be segmented on the basis of component, application, and material. By component, the cladding system market is categorized into roofs, walls, doors and windows, and others. The application-based segmentation includes residential, commercial, industrial, and others. Furthermore, on the basis of material, the cladding systems market segmented into metal, vinyl, fiber cement, brick and stone, stucco and EIFS, and others.

The metal cladding system is an important segment type and is expected to supplement the growth of the cladding systems market in the near term. This is primarily due to the long life and attractive appearance of metal cladding systems, which are more cost-effective than other cladding systems. It is also environment friendly and can be completely recycled. Metal cladding is primarily used in nonresidential constructions, specifically in the commercial and industrial sectors.

The major players in the global cladding systems market include Alcoa Inc., Tata Steel Limited, Etex Group, Compagnie de Saint Gobain SA, James Hardie Industries PLC, Boral Limited, CSR Limited, Axiall Corporation, Nichiha Corporation, and Cembrit Holding A/S.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.


Business Analytics Software Market Driven by Rising Competition in Services Industry

Business analytics software helps in interpretation and analysis of business data through continuous exploration and investigation of historical business performance to gain decisive insights for business planning. Through the application of statistical methods and tools in business performance data, a business analytics software conducts predictive analysis to derive decision making insights and inputs. A business analytics software thus helps an organization optimize its business operations and facilitates informed and strategic decision making. It also helps uncover patterns and relationships between data streams and leads to automation of tasks and processes for real-time responses in decision making. The outputs are mostly used by managers, security personnel, financial analysts, and key decision makers of organizations. Demand for cloud-based business analytics software is high in small and medium sized enterprises owing to its low cost and enhanced usability. Furthermore, demand for social media analytics, a part of business analytics, is also rising significantly due to the increase in popularity of social media marketing.

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Organizations are increasingly opting for business analytics software in order to gain strategic and competitive advantage over their competitors. This is one of the major factors driving the global business analytics software market. Additionally, the software aims to help organizations make quick and informed decisions through the analysis of the historical business data. This has been driving the market for business analytics software. Currently, there exists need for quick decision making and immediate actions in response to situations considering the competitive nature of businesses. This highlights the importance of the business analytics software. Furthermore, increase in volume and diversity of data in organizations has given rise to the need for analytical software to derive meaningful patterns, relationships, and insights from unorganized data. The features of business analytics software meet such requirements, thereby boosting the growing demand and adoption of business analytics software across varying scales of companies. However, in order to efficiently operate, business analytics software require sufficient volumes of meaningful data. This requires effective data warehousing, which may be a challenge for small organizations to implement considering the high costs involved. These challenges are likely to hamper the market for business analytics software during the forecast period. Nonetheless, increase in social media marketing by organizations is expected to offer growth opportunities for the business analytics software market during the forecast period.

The global business analytics software market has been segmented on the basis of deployment, end-use industry, application, and geography. In terms of deployment, the business analytics software market has been divided into cloud and on premise. Based on end-use industry, the business analytics market has been segregated into BFSI, government, manufacturing, IT and Telecom, retail, health care, capital markets, education, media, utilities, and others. In terms of application, the business analytics software market has been segmented into supply chain analytics, workforce analytics, spatial analytics, behavioral analytics, marketing analytics, risk and credit analytics, pricing analytics, transportation analytics, and others. Based on geography, the business analytics market has been divided into North America, Asia Pacific, Europe, Middle East & Africa, and South America.

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Major players operating in the global business analytics software market include SAS Institute Inc., Tableau Software, SAP SE, Oracle Corporation, Adobe Systems Incorporated, International Business Machines Corporation, Salesforce.com, Qlik Technologies, Inc., Microsoft Corporation, Tibco Software, Fair Isaac Corporation, and JDA Software Group, Inc.

About Us :

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.


TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.  

Friday 24 March 2017

Refrigerated Counters Market: Rising Stringency of Food Safety and Quality Regulations Driving Adoption

Refrigerated Counters Market: Snapshot

Refrigerated counters have been witnessing strong demand globally majorly due to the growing presence of restaurants and food chains around the world. The refrigerated counters market is mostly concentrated in North America and Europe owing to a large number of hotels and catering service providers in these regions. The emergence of new hotels and cafes in response to the ever-growing tourism industry in developing countries is also likely to support the growth of the refrigerated counters market.

The implementation of government regulations to control energy consumption and reduce the use of harmful refrigerants is expected to boost the replacement demand for refrigerated counters among end users in the coming years. Increasing stringency of food safety and quality regulations are also anticipated to support the market.

The revenue of the global refrigerated counters market stood at US$4.5 bn in 2015; this is projected to expand at a CAGR of 7.7% during the forecast period to reach US$8.7 bn by 2024.

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Growing Fast-food Culture in Developing Countries Contributing to Growth of QSR Segment

System catering emerged as the leading end-use segment of the global refrigerated counters market and is estimated to account for a massive 80.9% share by the end of 2016. However, the segment is expected to lose a marginal share in the market by 2024 owing to the rising demand for luxury hotels across Europe and Asia Pacific. The hotels segment, as a result, will exhibit a 9.3% CAGR in terms of revenue from 2016 to 2024.

Within the system catering segment, quick service restaurants (QSR) are expected to contribute the highest revenue to the overall refrigerated counters market. The QSR market is expected to grow significantly in the coming years owing to the growing fast-food culture in developing countries and the rising disposable incomes of the consumers.

Promising Growth in Store for APAC Refrigerated Counters Market

North America was the leading regional market in terms of revenue in 2015 and the demand for refrigerated counters is expected to increase in hotels and full-service restaurants in the coming years. The U.S. is expected to be a significant contributor to the refrigerated counters market in North America.

Europe is anticipated to account for a consistent share in the global market during the forecast period owing to the rising implementation of government regulations in order to curb the consumption of energy and the usage of refrigerants in refrigerated counters. The Europe refrigerated counters market is projected to expand at a CAGR of 6.6% from 2016 to 2024. Asia Pacific is expected to exhibit increased demand for refrigerated counters in the coming years due to the growth of the organized hospitality sector. Countries such as China and India are expected to witness a significant adoption of refrigerated counters in hotels and quick-service restaurants.

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The Middle East and Africa (MEA) and South America markets, on the other hand, are expected to contribute less to the global refrigerated counter market in the coming years as compared to other regions.

Some of the major players in the global refrigerated counters market are Illinois Tool Works, Inc., Electrolux AB, Inomak S.A., Turbo Air Inc., The Manitowoc Co. Inc., Standex International Corp., Dover Corp., Continental Refrigerator, True Manufacturing Co, Inc., Avantco Refrigeration, Angelo Po Grandi Cucine s.p.a., Ali S.p.A., Afinox srl, Coldline srl, The Middleby Corp., Inoksan Group, and Infrico S.L.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.


Split Air Conditioning Systems Market: Rising Demand in Asia Pacific to Present Highly Lucrative Opportunities for Market Players

Global Split Air Conditioning Systems Market: Snapshot

The global market for split air conditioning systems market is driven by stringent government regulations regarding energy conservation and emissions, technological developments, increased demand from the residential sector, rising consumer expectations, and strong demand from Asia Pacific. Growing awareness regarding the importance of maintaining the quality of indoor air is also generating increased demand for split air conditioning systems globally. Moreover, ongoing trends such as the increased demand for products with green technologies, smart homes, and energy-efficient systems are also expected to provide several growth opportunities for split air conditioning systems market during the forecast period.

Transparency Market Research states that the global split air conditioning systems was valued at US$79.72 bn in 2015 and will expand at a CAGR of 5.1% from 2016 to 2024, reaching US$ 127.27 bn by the end of the forecast period. In terms of volume, the market observed shipments of 107.81 mn units across the globe in the same year.

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Mono-split Air Conditioning Systems to Continue to Comprise Bulk of Sales

Of the key varieties of air conditioning equipment examined in the report, namely mono-split, multi-split, VRF (variable refrigerant flow), and floor ceiling air conditioning systems, the segment of mono-split air conditioning systems accounted for about 70% of the market in terms of revenue and approximately 90% of the market in terms of volume in 2015. It is also expected to remain the dominant product segment throughout the forecast period owing to rising domestic and commercial demand.

The segment of VRF air conditioning systems, which accounted for a mere 1.7% of the market in terms of volume and a 17.6% in terms of revenue contribution to the global market in 2015, is expected to exhibit the dominant CAGR of 6.4% over the forecast period. Factors such as efficient design and performance are expected to work in favor of this type of split air conditioners in the near future.

Rising Demand in Residential and Industrial Sector to Work in Favor of Asia Pacific Market

In terms of geography, Asia Pacific and North America are expected to be the potential growth markets for split air conditioning systems in the coming years. In North America, the market’s growth will be chiefly governed by the recent changes made to the standards of American Society of Heating, Refrigerating and Air Conditioning. The U.S. will continue to be the leading consumer of split air conditioner systems in North America throughout the forecast period.

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In terms of revenue, Asia Pacific is expected to be the dominant regional market for split air conditioning systems, contributing more than 60% of the global market’s overall revenue during the forecast period. Moreover, the region is also expected to dominate the split air conditioning systems market in terms of share in the market during the forecast period. The demand for split air conditioning systems in the region is expected to be driven by China, Japan, and India. High and rising demand across the residential sector is expected to be a key driver of the Asia Pacific market during the forecast period.

Europe is also expected to be a significant market for split air conditioning systems in the near future, exhibiting a 6.6% CAGR from 2016 through 2024. Increasing awareness about energy-efficient air conditioning systems will be the prominent growth driver of the Europe split air conditioning systems over the said period. Russia is expected to contribute significantly to the market’s growth owing to factors such as improving economic conditions, uncertainty in climatic changes, and growing construction activities in the residential, industrial and commercial sectors.

Some of the major players in the global split air conditioning systems market with most significant developments are Daikin Industries Ltd., Electrolux AB, The Midea Group., Carrier Corporation, Haier Electronics Group Co., Ltd., Hisense International Co. Ltd., Samsung Electronics, Hitachi Ltd., LG Electronics, Sharp Corporation, Panasonic Corporation, and Mitsubishi Corporation.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.


Mediterranean Automated Debris Collection Equipment Market: Rising Awareness Regarding Impact of Marine Debris to Drive Adoption across Region

Automated Marine Debris Collection Equipment Market: Snapshot

The issue of marine debris is becoming more complex and bigger with each passing year. This, combined with the poor infrastructure for marine debris collection in Mediterranean countries and advancement in the understanding of how marine debris impact the environment and marine ecosystems are driving developments and innovations in the field of marine debris collection equipment. In this scenario, the move from the tedious and slow varieties of manual equipment to the swifter and more efficient automatic ones seems inevitable.

This market study provides an understanding and potential adoption of a conceptualized automated marine debris collection equipment across the Mediterranean region. The concept equipment is an unmanned or remotely controlled system (compact boat) designed to work in a self-contained environment, with the option of treating debris on-board or off shore. The system is typically expected to be capable of substituting the conventional hand-pick and mechanical litter collection methods. Transparency Market Research states that the market for such an automated marine debris collection equipment is anticipated to attain an average adoption level of 8% in the early year (2018) of introduction, reaching 10.2% by 2024.

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This expected adoption level is measured for the estimated total accessible market in the Mediterranean region, comprising of users across segments such as government and municipality, fisheries, hospitality, others (NGOs, etc.). The anticipated level of adoption across these sectors is examined for the period between 2018 and 2024.

Importance of Cleaner Shores in Attracting Tourists to Drive Adoption in Hospitality Sector

Among the different targeted end-users of automated marine debris collection equipment, the hospitality and government and municipality sectors are expected to be the most lucrative ones, considering the direct relevance of clean environment (shores) for the hospitality business and the social stability of coastal countries. Owing to the same reasons, countries with flourishing hospitality sector and high pace of urbanization are also identified as potential markets for near term market success of automated marine debris collection equipment. The government and municipality end-use segment is anticipated to attain average adoption level contribution of 3.11% in 2018.

Availability of Funds and Proactive Initiatives to Help France Take Lead

Countries such as France, Italy and Spain in the Mediterranean are considered to be the potential early adopters of automated marine debris collection equipment as these currently have access to a larger share in funds provided by the Mediterranean Action Plan (initiated by United Nations Environment Program). Likewise, programs such as the Environment LIFE program by European Commission and dedicated government efforts are expected to further drive the market potential for automated marine debris collection equipment in these countries over the said period.

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In 2018, France, with a projected adoption level of 16.85% (TAM %), is anticipated to largely dominate the Mediterranean automatic marine debris collection equipment market followed by countries including Italy, Croatia and Spain. The increasing marine litter throughout the coastline and various coastal clean-up project and initiatives undertaken across these countries on a regular basis will lay the foundation for adoption of the more effective automated marine debris collection equipment across these countries. Apart from these countries Greece and Morocco are also anticipated to have significant adoption level for such equipment.

There are no companies in the market who have tried their luck in the field of automated marine debris collection equipment so far. However, certain companies manufacturing manual debris collection boats are expected to be the potential contenders in the market in the near future. Some of the chief companies operating in the manual debris collection equipment market are United Marine International, Liverpool Water Witch Marine and Engineering Co. Ltd., U.S.?based Elastec, and Harbor Clean.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.


TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.  

Rising Focus on Enhanced Workplace Safety across Process Industries to Benefit Global Demand for Fuel Delivery Systems

Fuel Delivery System Market: Snapshot

The global market for fuel delivery systems is heading towards overcapacity, a trend that can wreak havoc on the profit margins of large and small players, lead to an increase in the number of loss-making companies, and harm the future growth of human resources in the longer run. Considering the presence of a large number of manufacturers and suppliers in the market, the supply of fuel delivery systems is expected to continue to swell in the next few years. Focus of manufacturers on largescale production to achieve economies of scale is also expected to add to the ever-rising pile of fuel delivery systems and components in the global market.

The inevitable supply-demand gap that will arise owing to the situation is expected to hamper growth of the market to a vast extent in the coming years. However, market will be able to gain sustainable growth opportunities owing to the rise in e-commerce activities, which has enabled manufacturers to achieve cross-border sales and reach developing regions that face a scarcity of supply. Transparency Market Research states that the global fuel delivery systems market will exhibit a 3.4% CAGR from 2016 through 2024. As a result, the market, which had a valuation of US$4,330.7 mn in 2015, is expected to rise to US$5,969.1 mn by 2024.

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Stop Valves to Continue to Remain Dominant Fuel Delivery System Components

Of the chief components of a typical fuel delivery system, including stop valves, gas regulators, flow and pressure safety switches, sensors, and thermocouples, the segment of stop valves dominates, accounting for a nearly 54% share in the global market in 2015. Although the segment is expected to lose prominence to components such as flow and pressure safety switches and sensors in the next few years, it will continue to dominate the global market, albeit with a lesser share by 2024.

The market for flow and pressure control systems will be driven by high demand across process industries, which utilize these systems for the efficient management of fuel delivery for a variety of industrial applications. In the past few years, the rising emphasis on automation of industrial operations and processes has played a vital role in the development of automated flow control systems.

Emerging Economies in Asia and Africa to Present Lucrative Growth Opportunities

Of the key regional markets for fuel delivery systems, the market in Asia Pacific is presently the most lucrative one. The region held a nearly 25% of the total global fuel delivery systems market in 2015. Presence of a large number of manufacturing units and suppliers and the availability of raw materials aid the fuel delivery systems market’s growth in the region. The market for fuel delivery systems in the region is also driven owing to the vast expansion of energy industries in emerging economies such as India and China. Technological advancements in fuel delivery systems and the rising preference for automated systems in process industries is likely to benefit the market for fuel delivery systems in Asia Pacific in the next few years.

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Over the forecasting horizon, the market for fuel delivery systems in Middle East and Africa (MEA) is likely to present lucrative growth opportunities. The Middle East and Africa fuel delivery systems market is projected to exhibit a 4.7% CAGR from 2016 through 2024. The rapid expansion of the oil and gas and refining industries in the region will be the key factors presenting opportunities for manufacturers and suppliers of fuel delivery systems. Rising investment I n the energy sector in Africa will also generate lucrative growth opportunities for the fuel delivery systems market in the next few years.

Some of the key vendors in the market are Bellofram Group of Companies, Metso, Honeywell International Inc., JANSEN Combustion and Boiler Technologies, Watlow Electric Manufacturing Company, Cashco Inc., Cameron (Schlumberger Ltd.), ARi Industries Inc., and Flowserve Corporation, and Emerson Electric Co.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.


Growing Production of Motor Vehicles to Directly Influence Demand for Plain Bearings

Plain Bearing Market: Snapshot

The plain bearing market has been growing at a steady pace due to the increasing demand for motor vehicles, oilfield machinery, and construction work. A wide range of equipment used in the energy, aerospace, railways, automotive, farm and gardening, construction, and oilfield sectors make extensive use of plain bearings.

The primary factor driving the growth of the global plain bearing market is the growing demand for motor vehicles worldwide. In addition, the rising demand for bearings in the defense and aerospace sector is aiding the growth of this market. Rising technological innovations are, however, making these bearings more durable and this hinders aftermarket sales. The growing number of counterfeit products is also hampering the growth of the plain bearings market globally. On the bright side, the introduction of smart bearings is expected to provide new opportunities manufacturers of plain bearings in the near future.

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The global plain bearing market was valued at US$9.5 bn in 2015 and is expected to reach US$16.2 bn by 2024, registering a CAGR of 5.8% therein.

Automotive Industry Holds Considerable Share in Plain Bearing Market

Based on end use, the global market for plain bearings is broadly bifurcated into the automotive and industrial sectors. The industrial sector is further segmented into chemical, agriculture, food and beverage, pulp and paper, aerospace, and others. Recent trends show that there is a steady year-on-year rise in the production of motor vehicles and thus the automotive industry accounts for a considerable share in the plain bearing market.

In the industrial segment, the construction sector holds a major chunk of the market in certain regions. In addition to the construction sector, oilfields and the aerospace industry are expected to contribute to the growth of the plain bearing market during the forecast period.

RoW Presents Lucrative Opportunities for Manufacturers of Plain Bearings

Geographically, Asia Pacific has been leading the plain bearing market and is expected to retain its lead throughout the forecast period. Continuous urbanization and the growing demand for automobiles in developing countries such as India and China is driving the Asia Pacific market. In addition to this, the falling prices of bearings bode well for the market in this region. South Korea, Taiwan, Singapore, and Japan have also been witnessing rapid growth in the automotive sector and many plain bearing companies in these countries are opening up manufacturing facilities in order to cater to the growing demand. The rising demand for infrastructure development is boosting the use of plain bearings in the construction industry, TMR finds.

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The Rest of the World segment includes the Middle East, Africa, and South America. The Middle East has proven to be a lucrative region for the plain bearing market owing to its thriving construction and automotive industries. In 2012, NSK opened its new branch NSK Bearings Gulf Trading Co. in Dubai, UAE. Countries in the African continent, such as South Africa, have been observing an increased level of industrialization and this is expected to boost the demand as well as market for plain bearings in the coming years.

South America is mainly dominated by Brazil and has several conducive factors contributing to the plain bearing market in the region. The ongoing development in the construction sector is the primary demand driver for journal bearings.

The key players operating in the global plain bearing market include SKF Group, The Timken Company, Schaeffler AG, NSK Ltd, NTN Corporation, RBC Bearings, Inc., JTEKT Corporation, AST Bearing LLC, GGB Bearing Technology, and Brammer Plc

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.


Thursday 23 March 2017

Engineering Software Market to Exhibit 12.4% CAGR 2015-2022, Proliferation of BYOD Trend to Drive Growth

The global engineering software market defines the use of different software such as computer-aided designing (CAD) software, computer-aided engineering (CAE) software, computer-aided manufacturing (CAM) software, electronic design automation (EDA) software, and architecture, engineering, and construction (AEC) software. These software are utilized across various engineering disciplines, such as electronics and communication engineering, electrical engineering, process engineering, chemical engineering, and mechanical engineering. The global engineering software market was valued at US$ 19.98 billion in 2014 and is forecast to grow at a CAGR of 12.4% from 2015 to 2022.

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The rising need of automation and growing adoption of integrated solutions for analyzing and designing of engineering systems is fueling the global engineering software market. Furthermore, the growing penetration of mobile devices such as smartphones, tablets and laptops has increased the ease and accessibility of engineering software, which in turn, is bolstering the growth of engineering software market. Furthermore, the introduction of cloud-based engineering software products is boosting the market growth tremendously. However, high maintenance cost and license cost coupled with lack of technical expertise in operating these software is hindering the market growth globally. The key market players profiled in this report include Autodesk, Inc., Bentley Systems, Inc., Dassault Systemes S.A., IBM Corporation, Geometric Ltd., Siemens PLM Software, Inc., SAP SE, Synopsys, Inc., PTC, Inc., Ansys, Inc., and MSC Software Corporation. A significant opportunity for the key players lies in the growing demand of engineering software across marine, ship building and offshore sectors in order to provide reliable operating platform to overcome with extreme weather conditions, physical space constraints, and remote locations.
The global engineering software market is segmented on the basis of software type, application type, and geography. On the basis of software type, the market is segmented into CAD software, CAE software, CAM software, AEC software, and EDA software. In 2014, the CAD software segment led the market and is expected to continue its dominance with nearly half of the global market revenue share in 2022. Currently, the surge in demand for CAD software is driven by the growing trend of mobile access to CAD which is boosting the adoption of CAD software worldwide, especially in the APAC. Moreover, the evolution of various new engineering trends such as 3D modeling, building information modeling (BIM), concurrent engineering and 3D printing, among others are expected to drive the engineering software’s demand throughout the forecast period.

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On the basis of applications, the global engineering software market is classified into design automation, plant design, product design & testing, drafting & 3D modeling and others. The others application segment includes enterprise resource planning, project management, knowledge management, and 3D printing services. In 2014, product design & testing application segment led the engineering software market and it is expected to continue its dominance with over one-fourth of the global market revenue share in 2022. This is owing to the rising connectivity enabling remote analyzing and examining of products in the field. The drafting & 3D modeling is expected to be the fastest growing application segment owing to its rising usage in textbook publishing, advertising, marketing, and geology & science. Scientists and geologists are using 3D modeling to simulate earthquakes and landforms in order to see the effect of stress and draw conclusions based on their findings.
North America led the global engineering software market in 2014, accounting for over one-third of the global market revenue share and it is expected to lead the market throughout the forecast period 2015 to 2022. This is owing to the evolution of cloud-based engineering software which provides a range of advantages, such as ease of access, large space of storage, and security. Latin America is expected to be the fastest growing region for the market owing to immense growth in manufacturing and telecommunication industries, making significant usage of engineering softwares. The market for CAD/CAM/CAE and EDA is anticipated to increase in Brazil, Mexico, Argentina, and Mexico. In Middle East & Africa (MEA), government investments and advancements in technology are acting as drivers for the growth of industrial sector, which in turn, is anticipated to drive the engineering software market in the coming years. In addition, the growth of engineering software market in Asia Pacific is mainly driven by burgeoning construction field and expanding automation industry. Thus, the engineering software market is analyzed to grow at a CAGR of 12.4% during the period 2015 to 2022.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports. 

Defense Sectors Show High Preference for EOD Ground Robots

Global Explosive Ordnance Disposal (EOD) Equipment: Overview

The growing demand for military ground robots has added a major revenue stream for the explosive ordnance disposal equipment to look into. Military and law enforcements bodies all over the world are showing a high interest in implementing programmable EOD robots, as they are much safer than manually defusing bombs and other explosives. The second factor driving the explosive ordnance disposal equipment demand is therefore the increase in terrorist attacks. With the high proportion of militant groups performing organized and unorganized terror attacks, defense agencies are required to ramp up their efforts to keep civilian areas safe from attacks.

Owing to these factors, the global explosive ordnance disposal (EOD) equipment market is expanding at a CAGR of 4.6% between 2015 and 2023. This market was valued at US$5.74 bn in 2014 and is expected to cross US$8 bn by the end of 2023. Key EOD equipment vendors include Scanna Msc Ltd., Northrop Grumman Corporation, Safariland, LLC, and iRobot Corporation.

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North America Leads EOD Equipment Consumption

North America contributed to 42.63% of the total revenue generated by explosive ordnance disposal equipment players in 2014, making it the leading region in terms of revenue share. It is expected to retain its top position till 2023, owing to a high importance given to defense and law enforcement activities by the U.S. government. North America has invested heavily in soldier modernization, including through warfare training and the provision of advanced equipment, including explosive ordnance disposal equipment.

Among various EOD equipment, North America is showing a particularly high growth in demand for bomb containment and explosive detectors. The latter was already the leading equipment segment in 2014 and is expected to generate a higher demand due to its growing use in malls and airports.

Defense EOD Equipment Demand at All-time High

The defense sector has consistently been the top consumer of EOD equipment. In 2014, the defense sector contributed to 78.5% of the total revenue generated by EOD equipment players. This market share is expected to increase even further by 2023. A large number of countries, especially from developed economic regions, are pushing for soldier modernization programs that employ EOD robots as well as the use of other counter-terrorism equipment and strategies. The defense sector’s use for EOD equipment is especially high in urban warfare, where terrorist attacks need to be dealt with swiftly and efficiently.

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Similar to the global demand for EOD equipment, North America holds a high demand for explosive detectors, portable X-ray systems, and EOD robots. Each equipment type holds a special utility that can provide invaluable support to military and law enforcement bodies to fight crime and terrorist activities. For instance, portable X-ray systems are intended to be used for the detection of hidden explosive devices. Therefore, their main implementation lies in locations where a large number of civilian population moves in and out, such as airports, train stations and subways, and malls.

However, budget cuts are expected to be a major restraint on explosive ordnance disposal equipment players. It takes away the heavy investments made by national governments, especially the U.S. government, seeing that the U.S. is the top revenue generation avenue for explosive ordnance disposal equipment companies.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.


TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.  

Harmonic Filters Demand to be Heavily Influenced by Trends in Power Quality Management

Demand for Harmonic Filters Climbs High on Swelling Need for Power in Utilities

Growing concerns over the quality of power and power transmission, triggered by the swelling need for power on utilities, have boosted the demand for harmonic filters across the world, TMR’s analysis notes. The sales volume of these filter has also been climbing high on the back on increasing installation of variable frequency drives (VFDS) in the recent past. In 2015, harmonic filters gained an overall market value of US$697.2 mn, globally.

Over the next few years, the implementation of strict rules pertaining to energy consumption in industries is projected to upswing the demand for harmonic filters, specifically in IT industry and data centers. However, the dearth of consumer awareness regarding harmonic suppression will limit their application across other industries. Besides, harmonic filters are expensive and their installation and maintenance incur a significant amount as well, which also will hamper their adoption to some extent.

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The global harmonic filter market is expected to rise at a CAGR of 6.50% during the period from 2016 to 2024 and reach an opportunity worth US$1.2 bn by the end of 2024.

Active Harmonic Filters to Gain Impetus

Harmonic filters are available in two types: Active and passive. Passive harmonic filters enjoy a higher demand in comparison with active harmonic filters, owing to their cost efficiency and robust design. In 2015, the passive harmonic filter segment accounted for more than a share of 75% of the overall demand. The segment is expected to remain dominant in the coming years; however, its share in the total demand is likely to drop to 74% by the end of 2024.

Active harmonic filters will gain significant impetus over the next few years, states TMR. The rising awareness regarding the benefits offered by these filters in terms of voltage stability and harmonic mitigation is projected to drive this segment at a CAGR of 8.1% from 2016 to 2024.

Asia Pacific to Remain at Center of Global Harmonic Filters Market

The market for harmonic filters stretches across Asia Pacific, Europe, Latin America, North America, and the Middle East and Africa. With a share of nearly 38%, Asia Pacific has emerged as the largest contributor to the global market in 2015. The region has suffered massive losses of energy during distribution and transmission due to poor power quality, which has compelled enterprises operating in this region to deploy harmonic filters in order to ensure improved power quality.

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As the region witnesses a soaring need for electricity, the demand for harmonic filters is likely to increase extensively in the coming years. Rising at a CAGR of 6.80% during the period from 2016 to 2024, the market opportunity is estimated to increase from US$264.3 mn in 2015 to US$471.6 mn by the end of 2024.

Europe emerged second in the global harmonic filter market in 2015; however, the region is likely to experience a sluggish demand for these filters in the coming years. Thanks to the availability of high-quality power infrastructure, harmonic concerns do not amount to be a problem in Europe.

At the forefront of the global harmonic filter market are companies such as ABB Ltd., Emerson Electric Co., and Schneider Electric SE. Collectively, these three players account for a share of 41% in the overall market.

MTE Corp., Eaton Corp. Plc, TDK Corp., Crompton Greaves Ltd., Schaffner Holding AG, Baron Power Ltd., Danfoss A/S, Siemens AG, and Comsys AB are some of the other prominent participants in the highly concentrated market for harmonic filters.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.


Rising Focus on Green Construction Activities to Boost Demand for Smart Elevators and Escalators

According to the United Nations, the world is presently witnessing the largest wave of urban development. For the very first time in the history of the world, more than half the world’s population is residing in urban dwellings. The swelling number of urban-living population is expected to rise to nearly 5 bn by 2030. The trend of urbanization will lead to the construction of taller commercial and domestic dwellings so as to make the most of sparse spaces in densely populated cities.

The world’s geriatric demographic and middle class population is also rapidly rising. Construction companies are becoming more environmentally responsible and consumer centric. Rising concerns regarding emissions and the major role of the construction industry in producing large volumes of environmentally harmful chemicals and gases throughout the lifecycle of a building are pushing the need for sustainable operations and products.

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These trends are collectively driving the increased demand for a variety of smart elevators and escalators across the globe. TMR findings suggest that the market will expand at a favorable 6.3% CAGR from 2015 to 2023. At this rate, the market, which valued US$96.63 bn in 2014, will rise to US$162.56 bn by 2023.

Companies Align Growth Strategies towards Asia Pacific

It is estimated that nearly 7 out of every 10 elevators are installed in Asia Pacific. To remain competitive and exploit the vast growth opportunities in this regional market, major vendors in the smart elevators and escalators market are expanding their reach in major Asia Pacific countries such as India and China, by increasing the number of sales offices and branches.

Schindler Holding Ltd., one of the largest smart elevators and escalators companies in the world, increased the number of sales offices and branches in China to over 200. In their pursuit of growth strategy aimed at expanding presence in this region, many major vendors in the market are making large investments in towards expansion in the region, in the R&D and production capabilities, and in the development of new, innovative, and cost- and energy-efficient products.

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Despite the slow economic growth in the past few years, China will remain the largest smart elevator and escalators market globally over the next few years, with growth majorly driven by the country’s rapidly progressing and populating tier 1 cities and increase in other infrastructure-related projects. Growth in India will also be promising for the elevators and escalators market owing to rapid urbanization and several infrastructure development projects.

Flourishing Tourism and Hospitality Sector to Present Major Growth Avenues

The market for smart elevators and escalators is presently dominated by the residential and transportation sectors and is projected to witness very few changes in the overall contribution of crucial application segments in market’s revenues. The hotels segment will benefit from the rising numbers of budget and luxury hotels across the globe. Hotels contributed to a modest 11.2% revenue share in the global smart elevators and escalators market in 2014 and is expected to exhibit a 6.9% CAGR from 2015 to 2023. Rising numbers of supermarkets, hypermarkets, and rise in warehousing operations in the retail industry will also benefit the global smart elevators and escalators market gain sustainable growth over the said period.

Despite the presence of a large number of companies, the global smart elevators and escalators market is majorly consolidated, with the top four companies accounting for a share of over 61% in the global market in 2015. Other than the top our contenders in the market, Otis Elevator Company, Schindler Holding Ltd., Kone Corporation, and ThyssenKrupp AG, some of the most prominent vendors are Cisco Systems, Inc., Toshiba Corporation, Fujitec Co., Ltd., Mitsubishi Electric Corporation, Hitachi Ltd., and Kleemann Hellas SA.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.


TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.  

Wednesday 22 March 2017

Hyper Spectral Imaging Market: Leading Players Focusing on Expanding Footprint via Strategic Collaborations

Global Hyper Spectral Imaging System Market: Snapshot

The hyper spectral imaging system (HIS) involves collection and processing of data which is collected across an electromagnetic spectrum. Hyper spectral imaging systems enable obtaining spectrum for every pixel in a particular image or a sequence of images. Information provided by hyper spectral imaging systems has huge data access, which facilitates in the identification of an object. The hyper spectral imaging system are used to find shortwave infra-red (SWIR) spectrum region for providing in-depth information about the composition of a medicine. This is not possible with the help of normal or standard imaging processes.

Considering benefits this technology provides, there is growing adoption of hyper spectral imaging system in the healthcare and medicine industry. The system assists in the diagnosis of numerous life-threatening diseases. Besides this, it is used in detecting oral medical complicacies without drilling or X-rays. While the global hyper spectral imaging system market is forecast to continue benefiting from benefits the system provides across diverse industrial verticals, the cost of acquiring these systems will remain a major bottleneck.

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Nevertheless, with technological innovations, reduction is price can be achieved. Price reduction will create lucrative opportunities for the market’s expansion in the near future, especially in agriculture and food processing industries. Given the scenario, Transparency Market Research (TMR) projects the global hyper spectral imaging system market to exhibit a CAGR of 8.4% between 2016 and 2024. At this pace, the market’s valuation will reach US$18.88 bn in 2024, from US$9.12 bn in 2015.

Demand for Outdoor Imaging Systems to Rise at Positive Pace

Based on systems, PC Base, outdoor camera, airborne, and others constitute the key segments in the global hyper spectral imaging market. Of these, the outdoor hyper spectral imaging systems segment emerged dominant in 2015 with a valuation of US$1.61 bn. These systems can be portable tripod mounted or fixed and are considered more rugged than other types of HIS systems. The outdoor camera hyper spectral imaging systems cover 350 to 1700 nm spectral range and are widely preferred in field and defense applications. During the course of the forecast period, the segment is likely to exhibit robust growth.

In terms of end-use industry, the global market has been segmented into military surveillance and homeland security, industrial, medical diagnostics, food processing, mineralogy, astronomy, and others. There is growing preference in usage of hyper spectral imaging systems in the medical diagnostic sector. This will create considerable opportunities for the hyper spectral imaging system market over the next few years. The hyper spectral imaging system enables early detection and treatment of life threatening medical conditions. Furthermore, the increasing application of hyper spectral imaging system in dentistry for the detection of tooth decay and other dental conditions will aid the market’s expansion in the coming years.

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Asia Pacific Hyper Spectral Imaging System Market to Growth at Greater Pace

Regionally, the global hyper spectral imaging system market can be broadly classified into North America, Asia Pacific, Europe, the Middle East and Africa, and Latin America. Among these regions, North America accounted for the largest market share in the market in 2015, followed by Europe. However, as per TMR Asia Pacific is expected to grow at the fastest rate over the forecast period. Hyper spectral imaging system is finding a wide range of application across a diverse sectors in Asia Pacific. Many leading companies are setting up their manufacturing facilities in the region due to availability of raw material and cheap labor in the region. This is expected to drive the hyper spectral imaging system market in Asia Pacific.

Some of the key players in the hyper spectral imaging (HSI) systems market are Norsk Elektro Optikk (Norway), Corning Incorporated (U.S.), Applied Spectral Imaging, Inc. (U.S.), Specim Spectral Imaging Ltd. (Finland), Resonon Inc. (U.S.), Telops Inc. (Canada), Surface Optics Corporation (U.S.), Chemimage Corporation (U.S.), BaySpec Inc. (U.S.), Headwall Photonics, Inc. (U.S.), FLIR Systems (U.S.), Teledyne Technologies International Corp (U.S.), and Thermo Fisher Scientific (U.S.).

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports. 

Wednesday 15 March 2017

Industrial Burner Market: Increasing Demand for Industrial Boilers to Create Growth Opportunities for Manufacturers

Global Point of Sale (PoS) Receipt Printer Market: Snapshot

The focus of retail and hospitality sectors is majorly on offering personalized and interactive consumer experience. As installing point of sale (PoS) receipt printers allow merchants to focus on myriad customer-centric campaigns, their demand is forecast to increase considerably in the near future. PoS receipt printers have emerged as an accurate, efficient, and effective printing solution in the recent years. Besides generating quality systems, the novel technology has helped in reducing the printing time as compared to their traditional counterpart. With growth witnessed in retail and hospitality sectors, the demand for PoS receipt printers is forecast to rise further in the coming years.

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Mobility is considered indispensable in hospitality and retail sectors to expedite the counter sales process thereby increasing the number of transactions. This is a chief driver of the global PoS receipt printer market. In addition, the demand for point of sale receipt printer is anticipated to rise in associated industries such as healthcare, warehouse / distribution and entertainment. Spurred by these factors which is expected to drive the market growth. However, the rising adoption of cloud based point of sale system is threatening the point of sale receipt printer market. Considering the mounting environmental concerns, end users are more inclined towards paperless transaction. This could hinder the market’s trajectory to an extent.

According to Transparency Market Research (TMR), the global point of sale receipt printer market is forecast to exhibit a CAGR of 7.7% between 2017 and 2025. At this pace the market will reach US$4.2 bn by the end of 2025 from a valuation of US$2.08 bn in 2015.

Mobile Receipt Printer Segment to Exhibit Growth at Higher Pace

Based on type, the global point of sale receipt printer market can be bifurcated into mobile receipt printer and desktop receipt printer. Of these, the desktop receipt printer segment emerged dominant in 2015. This segment includes various alternatives to support any PoS receipt printer enabling jam detection, high quality printed copy, and increased printing speeds. However, the uptake of mobile receipt printers is forecast to be higher in the coming years. Birthing of advanced technologies offering ease of use will boost the demand for mobile receipt printers in the coming years. According to TMR, the mobile receipt printer segment will exhibit a CAGR of 9.2% between 2017 and 2025.

Asia Pacific will Offer Lucrative Opportunities for PoS Receipt Printer Market

Regionally, North America held the leading share in the global PoS receipt printer market in 2015. The region is expected to continue dominating the overall landscape on account of the rising demand for developed nations such as the U.S. and Canada. The presence of a large number of the retail giants such as The Home Depot, Wal-Mart Stores, Walgreen, The Kroger Co, Costco, Target, and others will aid expansion of the regional market.

However, booming economies and improved living standard of consumers will bolster opportunities for the market players in Asia Pacific at a higher rate. The demand for PoS receipt printers will be high especially in countries such as India and China. Besides the presence of large multinational retail and food chain brands, these countries feature expanding hospitality sector, which is aiding the growth of the PoS receipt printer market in Asia Pacific. As per TMR, the Asia Pacific PoS receipt printer market will reach over US$1.02 bn by the end of 2025.

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The key players profiled in the global PoS receipt printer include Bixolon Co., Ltd., Citizen Systems Europe GmbH, SEIKO EPSON CORP., HP Development Company L.P., Posiflex Technology, Inc., POS-X, Star Micronics, Inc., Transact Technologies, Inc., TVS Electronics, ZIH Corp among others.

About Us :
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.


TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports. 

Point of Sale (PoS) Receipt Printer Market: Demand for Improved Mobility in Retail and Hospitality Sectors to Boost Growth

Global Point of Sale (PoS) Receipt Printer Market: Snapshot

The focus of retail and hospitality sectors is majorly on offering personalized and interactive consumer experience. As installing point of sale (PoS) receipt printers allow merchants to focus on myriad customer-centric campaigns, their demand is forecast to increase considerably in the near future. PoS receipt printers have emerged as an accurate, efficient, and effective printing solution in the recent years. Besides generating quality systems, the novel technology has helped in reducing the printing time as compared to their traditional counterpart. With growth witnessed in retail and hospitality sectors, the demand for PoS receipt printers is forecast to rise further in the coming years.

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Mobility is considered indispensable in hospitality and retail sectors to expedite the counter sales process thereby increasing the number of transactions. This is a chief driver of the global PoS receipt printer market. In addition, the demand for point of sale receipt printer is anticipated to rise in associated industries such as healthcare, warehouse / distribution and entertainment. Spurred by these factors which is expected to drive the market growth. However, the rising adoption of cloud based point of sale system is threatening the point of sale receipt printer market. Considering the mounting environmental concerns, end users are more inclined towards paperless transaction. This could hinder the market’s trajectory to an extent.

According to Transparency Market Research (TMR), the global point of sale receipt printer market is forecast to exhibit a CAGR of 7.7% between 2017 and 2025. At this pace the market will reach US$4.2 bn by the end of 2025 from a valuation of US$2.08 bn in 2015.

Mobile Receipt Printer Segment to Exhibit Growth at Higher Pace

Based on type, the global point of sale receipt printer market can be bifurcated into mobile receipt printer and desktop receipt printer. Of these, the desktop receipt printer segment emerged dominant in 2015. This segment includes various alternatives to support any PoS receipt printer enabling jam detection, high quality printed copy, and increased printing speeds. However, the uptake of mobile receipt printers is forecast to be higher in the coming years. Birthing of advanced technologies offering ease of use will boost the demand for mobile receipt printers in the coming years. According to TMR, the mobile receipt printer segment will exhibit a CAGR of 9.2% between 2017 and 2025.

Asia Pacific will Offer Lucrative Opportunities for PoS Receipt Printer Market

Regionally, North America held the leading share in the global PoS receipt printer market in 2015. The region is expected to continue dominating the overall landscape on account of the rising demand for developed nations such as the U.S. and Canada. The presence of a large number of the retail giants such as The Home Depot, Wal-Mart Stores, Walgreen, The Kroger Co, Costco, Target, and others will aid expansion of the regional market.

However, booming economies and improved living standard of consumers will bolster opportunities for the market players in Asia Pacific at a higher rate. The demand for PoS receipt printers will be high especially in countries such as India and China. Besides the presence of large multinational retail and food chain brands, these countries feature expanding hospitality sector, which is aiding the growth of the PoS receipt printer market in Asia Pacific. As per TMR, the Asia Pacific PoS receipt printer market will reach over US$1.02 bn by the end of 2025.

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The key players profiled in the global PoS receipt printer include Bixolon Co., Ltd., Citizen Systems Europe GmbH, SEIKO EPSON CORP., HP Development Company L.P., Posiflex Technology, Inc., POS-X, Star Micronics, Inc., Transact Technologies, Inc., TVS Electronics, ZIH Corp among others.

About Us :
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.