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Smart lighting market to 2020

2016-10-26T10:45:01Z

Industrytrends: Created page with "The [http://www.transparencymarketresearch.com/smart-lighting-market.html global smart lighting market] is dominated by several players and is likely to retain a significant degr..."

The [http://www.transparencymarketresearch.com/smart-lighting-market.html global smart lighting market] is dominated by several players and is likely to retain a significant degree of fragmentation in the coming years, according to a new report from Transparency Market Research (TMR). Key players holding a significant share in the global smart lighting market include Acuity Brands Inc., Osram Licht AG, Lutron Electronics Co., Honeywell International, Zumtobel AG, Encelium Technologies Inc., Legrand S.A., Digital Lumens Inc., Royal Philips N.V., and Streetlight Vision.

According to TMR, the global smart lighting market is expected to rise to a valuation of US$30.1 bn by the end of 2016 and further rise to US$56.6 bn by the end of 2020. This represents a robust 15.9% between 2014 and 2020.

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Commercial and Industrial Applications to Retain Dominance in Demand

Of the key applications of smart lighting, commercial and industrial lighting constitutes the leading revenue contributor. The commercial and industrial application segment of the global smart lighting market is expected to rise to a valuation of US$25.5 bn by the end of 2020, more than twice that of any other application of smart lighting.

By product type, compact fluorescent lamps (CFL) are likely to remain the dominant revenue generator for the global smart lighting market. The compact fluorescent lamps segment is expected to almost triple in value over the 2014-2020 forecast period, with a valuation of US$21.3 bn expected by the end of 2020. LED lamps are another key product segment of the global smart lighting market and are likely to exhibit rapid growth in demand over the coming years. The valuation of the LED lamps market is also likely to grow almost threefold over the 2014-2020 forecast period, exhibiting a robust 17.2% CAGR therein.

Regionally, Europe is the leading contributor to the global smart lighting market, followed closely by North America. Both these regional markets are expected to be valued around US$20 bn by 2020, with Europe remaining the leading contributor with a valuation of US$20.8 bn. Asia Pacific is a key emerging market for smart lighting and is expected to more than triple in value over the 2014-2020 forecast period at a strong CAGR of 17.9%.

Steady Progress in Connectivity Solutions Beneficial for Smart Lighting Market

One of the prime drivers for the global smart lighting market is the consistent progress in wireless communication and sensor devices and technologies. Stable communication technology is crucial for smart lighting, as it needs to react to external stimuli and be remotely operable. “The increasing precision of modern sensors is also vital for the smart lighting industry, as it helps the industry refine its own product catalog,” said TMR’s lead analyst.

The need for sustainable technologies to be incorporated in street lighting is another key driver for the global smart lighting market. The use of smart lighting in street lighting can help generate significant savings due to the large scale of the operation. Due to this, several governments across the world are supporting initiatives to incorporate smart lighting, which is likely to remain a key driver for the global smart lighting market in the coming years.

On the other hand, the high initial costs of smart lighting are a key restraint on the global market, particularly in terms of residential use of smart lighting. While governments and large corporations can readily adopt smart lighting on a mass scale, many consumers can’t personally afford it. Even though the increasing adoption of smart lighting in large-scale applications will help lower costs in the long term, this is likely to remain a key constraint on the global smart lighting market in the coming years.

The information in this preview is taken from a Transparency Market Research report titled ‘Smart Lighting Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020.’

Read Market Report @ [http://www.transparencymarketresearch.com/smart-lighting-market.html http://www.transparencymarketresearch.com/smart-lighting-market.html]

[[Category:Design]]

Power tools market to 2021

2016-10-26T10:41:56Z

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According to a report by Transparency Market Research (TMR), the global [http://www.transparencymarketresearch.com/power-tools-market.html power tools market] demonstrates a highly concentrated competitive landscape. In 2014, 70% of the overall market was occupied by the top four players, namely, Robert Bosch GmbH, Makita Corp., Stanley Black & Decker Inc., and Hilti. The worldwide presence of these companies has supported them extensively to gain prominence in this market.

As of now, these players concentrate on developing user-friendly power tools to meet the expectations of end users. However, their focus is likely to get shifted towards technological innovations and advancements of products over the next few years in order to achieve a competitive edge.

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Boosted by the rising trend of do-it-yourself (DIY), the opportunity in the global market for power tools is likely to expand at a CAGR of 5.30% between 2015 and 2021, increasing from US$26.1 bn in 2014 to a value of US$38.0 bn by the end of the forecast period, With a share of 72%, construction applications led the demand for power tools in 2014. Analysts expect the segment to continue its leading streak, states the report.

Increase in Infrastructural Development Projects to Ensure Dominance of Asia Pacific

Geographically, Asia Pacific has emerged as the leading contributor to the global power tools market. The region is teeming with opportunities and is expected to remain dominant in the coming years too. The increasing number of infrastructural development projects in China and India are likely to create lucrative prospects for power tools manufacturers across the world. TMR estimates the Asia Pacific power tools market to reach US$13.4 bn by the end of the forecast period.

On the other hand, since Europe and North America have reached maturity, the growth prospect for power tools market is very low in these regions. Nevertheless, the changing lifestyle preferences of consumers are projected to maintain a steady demand for electric power tools in these regions over the next few years. The rise in construction activities will also support the demand for power tools here. Canada and the U.S. will surface as the key domestic markets for power tools in North America over the forecast period, reports the study.

Rising Urbanization to Boost Demand for Power Tools

Thanks to the changing economic conditions, the world is witnessing a significant surge in urbanization. “In order to speed up the urbanization process, the demand for power tools has experienced an upswing in the recent times, says the author of this report. The growing need for infrastructure development is also driving the demand for power tools.

In addition to this, the emerging concept of do-it-yourself (DIY), propelled by the changing lifestyle of consumers and the increase in their disposable income, is likely to boost this market substantially over the forecast period, notes the study.

High Maintenance Cost of Power Tools to Act as Market Restraint

While the future prospects of the global power tools market looks bright, the market’s progress may be hindered due to the high maintenance cost associated with these tools, which is likely to limit their uptake in the coming years.

The concerns over the high energy consumption by these tools will also act as a restraint to the growth trajectory of this market over the next few years, states the report.

The study presented here is based on a report by Transparency Market Research (TMR) titled “Power Tools Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2021.”

Read Market Report @ [http://www.transparencymarketresearch.com/power-tools-market.html http://www.transparencymarketresearch.com/power-tools-market.html]

[[Category:Construction_techniques]]

Smart cities market

2016-09-14T09:16:49Z

Industrytrends: Created page with "The global smart cities market is expected to be valued at US$1,265.85 bn by 2019 due to the solid growth prospects for it across the world. The information presented in this rev..."

The global smart cities market is expected to be valued at US$1,265.85 bn by 2019 due to the solid growth prospects for it across the world. The information presented in this review is based on a Transparency Market Research report, titled, ‘Global Smart Cities Market - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019.’

Smart Electronic Waste Management Likely to Emerge as Key Contributor

Electronic waste, a byproduct of the firm establishment of the digital age, has become a major concern in present times. Since most electronic waste is nonbiodegradable, it pollutes the environment when dumped and can present health hazards to the wildlife around the site. This has led to the need for smart waste management systems that can automate the recycling process of electronic waste and properly dispose of the remainder. This is likely to become a leading contributor in the global smart cities market in the coming years.

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By application, the smart cities market was led by the smart transportation sector, whose contribution to the smart cities market is estimated to be US$140.8 bn by 2016 and rise to close to US$216 bn by 2019. Apart from smart transportation, smart security and smart industrial automation are likely to receive increasing demand in the coming years.

In terms of geography, the solid government support to smart city technologies in North America is expected to help the regional market retain its dominant share in the global market in the coming years. The increasing use of advanced traffic management systems in North America is likely to be crucial to the market’s growth.

Increasing Environmental Awareness Likely to Benefit Smart Cities Market

One of the key drivers for the global smart cities market is the increasing environmental awareness among the global population. This has led to significant popular demand for eco-centric smart city projects. Governments have also been supportive of smart city initiatives that aim to reduce wastage and boost the economic development of the city. The development of solar energy as a viable alternative energy source is a key contributor to the growth of the global smart cities market.

The consistent migration to urban areas is another crucial driver for the global smart cities market. The lack of significant economic opportunities in rural areas and the reduction in the amount of arable land have led to many rural citizens moving to cities to seek better economic prospects. This has led to an increasing strain on the natural resources supplying the city, resulting in popular support for smart city solutions, which can reduce the exploitation of natural resources while keeping the economic development intact.

On the other hand, concerns about the security of the data collected in order to implement smart city infrastructure persist due to the increasing occurrence of cyber-crime. The consistent technological advancement in the smart cities industry is likely to lead to the development of systems with comprehensive security features, but some risk of data leaks is likely to remain due to the dynamic nature of malware and hacking.

Corporate wellness programmes

2016-02-08T13:07:57Z

Industrytrends: Created page with "Corporate lifestyle, defined by a hectic pace of living and stressful jobs, has led to a wide range of conditions among individuals working in this kind of a culture. Hypertensio..."

Corporate lifestyle, defined by a hectic pace of living and stressful jobs, has led to a wide range of conditions among individuals working in this kind of a culture. Hypertension, diabetes, depression, and cardiovascular diseases are some of the commonly seen conditions amongst corporate employees. Not only has the trend of poor and deteriorating health conditions added to corporate expenses, but also worsened the productivity of organizations. Owing to these reasons, corporates are spending wisely and generously on corporate wellness solutions for their employees. These initiatives are aimed towards improving the health status of the employees and helping them maintain fitter bodies. These schemes are also helping the organizations to cut down the attrition rate and enhance productivity.

Sedentary lifestyle of most of the corporate employees have added to the coverall pool of individuals suffering from hypertension, obesity, depression and other diseases such as diabetes, and cardiovascular diseases. Indirectly this has increased expenses for the corporations, as companies have to spend more on human resource management. To tackle the problem, corporate wellness initiatives are taken by companies to improve and maintain the health of employees. These programs help companies in many ways in reducing attrition rate and increasing productivity. Company profits are negatively affected by reduced productivity as a result of absenteeism.

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This can be prevented through a various measures to improve employee wellbeing. Regular fitness activities also motivate employees at work place and helps in reducing the overall healthcare costs. Workplace is also an important destination for increasing health awareness as employees spend most of their time at work. Consistent rise in the healthcare costs and discounts offered for employees participating in wellness programs, increased demand for corporate wellness services. Corporate wellness industry primarily involves fitness consultants, nutrition consultants, psychological therapists, and organizations who offer all the aforementioned services under a single roof.

Government initiatives that are mandating organizations to implement well initiatives are expected to create a remarkable change in the global corporate wellness market. For instance, the Affordable Care Act in the U.S. raised the incentive cap from 20% to 30% of the total cost that is borne by employees who participate in wellness programs. Such encouragement will effectively improve the quality of health of the employees, thereby creating a positive impact on the productivity of the company’s output. Furthermore, these sincere efforts are also expected to improve employee retention, which has become a huge problem in times when stress and irreversible health conditions define the nature of every job. Today, even smaller and medium-sized firms are increasing the adoption of corporate wellness programs to improve employee satisfaction and to keep them motivated to perform better.

Some of the important companies profiled in the global [http://www.transparencymarketresearch.com/corporate-wellness-market.html corporate wellness market] research report are Corporate Wellness Solutions, Provant Health Solutions, GCC Group, Trotter Wellness, and FitLinxx. Currently, Fitbit, an activity monitor manufacturer, has also started offering corporate wellness solutions. The extensive research report offers an insight into the competitive landscape of the global corporate wellness market and shares important details pertaining to the financial overview, research and development activities, investment outlook, and business and marketing strategies.