Global Solar Water Heater Market Forecasted for Healthy Growth by 2025

February 26th, 2021 Global Market Insights Leave a comment

According to a recent study from market research firm Global Market Insights, the solar water heater market is set to grow from its current market value of more than $1 billion to over $3 billion by 2025, gaining remarkable traction over 2020 to 2025 period.

Growing demand for cost-effective, advanced, and energy-efficient water heating solutions would expand the solar water heater industry landscape in the forthcoming years. Solar water heaters, also known as solar domestic hot water systems, are a cost-effective way to generate hot water in any climate. These solar water systems are comprised of two major components, which are storage tanks and solar collectors.

The installation of solar water heating systems usually costs more than conventional heating systems. However, incorporation of these systems in domestic and industrial settings minimizes fuel and gas bills by up to 50% – 80% and reduces carbon emission produced by other water heater systems.

Growing awareness towards sustainable sources of energy will substantially augment the adoption of solar water heaters. According to a Global Market Insights, Inc., forecast, the global solar water heater market size is estimated to surpass $3 billion by 2025.

Flat plate collectors are used to collecting solar energy, which is further used to heat water in the home for washing, bathing, and heating water pools and others. The benefits of the product such as low cost, simple design, and comparatively easier installation than other hot water heating systems will augment its demand for most residential and small commercial hot water applications.

Increasing demand for energy-efficient water heating systems in commercial and household settings would boost the adoption of flat plate collectors.

Evacuated tube collectors are comprised of transparent glass tubes and metal absorbers which increases absorption of solar energy and reduces heat loss. On account of such features, these collectors are broadly used in commercial applications across the U.S.

The thermosyphon system is the commonly known solar-heated hot water system. These commercially available solar hot water systems work by combining a storage tanker and roof-mounted flat plate collector. Growing demand for cost-effective, nature-friendly, energy-efficient, and capacity solar water heater solutions from commercial establishments will increase their deployment in the coming years.

The European solar water heater industry is expected to witness significant growth owing to several government initiatives to increase the adoption of renewable sources of energy. Such initiatives include priorities set by the European Union in the energy field for the development of energy production from renewable resources. The renewable resources development targets reducing the dependence on scarce fossil fuels and minimizing CO₂ emissions.

Reportedly, the adoption of energy-efficient water heaters and household spaces can save European people over €60 billion by 2020, including electricity saving of nearly 600 TWh and reduction of CO2 emission up to 135 million tons. In several northern European countries, hot water and space heating systems are jointly used to provide 15 to 25% of home heating energy.

China leads the global industry in terms of solar water heaters installations which accounts for nearly 30 million in Chinese households. The widespread product deployment is mainly due to its functional effectiveness in cloudy weather and at even low temperatures. In several climates, these systems can render up to 85% of domestic hot water energy.

Source: https://www.gminsights.com/industry-analysis/solar-water-heater-market

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Growing Awareness for Hygiene to Spur Nonwoven Baby Diaper Sales

February 24th, 2021 Global Market Insights Leave a comment

The rising population in developing nations increased focus on personal hygiene, and growing demand for eco-friendly baby products are some factors contributing to the proliferation of the nonwoven baby diaper market. Nonwoven fabrics are being primarily used in the textile industry, especially for producing baby diapers owing to their excellent absorbency, liquid retardancy, etc.

The synthetic fibers that are used for making diapers are derived from polypropylene. Nonwoven baby diapers have a soft texture that avoids babies from getting rashes on their skin. When a baby urinates, it passes through the fabric and is absorbed by the material, keeping the baby stress-free and comfortable.

Talking about comfort, many diaper makers are developing stretchable nonwoven baby diapers that enable babies to roam around unbounded. Using nonwoven fabrics for making diapers helps the purpose as this material offers excellent breathability and flexibility, owing to which babies don’t feel restless.

Sustainability is one of the key factors when it comes to personal hygiene, and baby diapers are no exception. Regional authorities and national-level government organizations are implementing environment-friendly policies by promoting disposable baby diapers. This has encouraged manufacturers to redesign their products with sustainable materials to meet these regulations. With such a soaring demand for environment-friendly products, it is likely to prove beneficial for the augmentation of the nonwoven baby diaper market.

Developing nations like India and China, two of the most populous nations of the world, have significantly high birth rates and this can prove beneficial for the baby diaper industry to flourish in the Asia Pacific. Furthermore, increased awareness amongst millennial parents regarding basic baby hygiene and health may possibly shift their focus from traditional diapers to sustainable and comfortable ones, thereby boosting the consumption of nonwoven baby diapers.

Many key players are collaborating with regulatory organizations for exercising innovative and safer approaches to developing baby diapers. To support this statement with an instance, Healthynest, a personal baby care brand has teamed up with the Environmental Working Group (EWG) and launched new baby diapers that satisfy the stringent guidelines set by the EWG, which includes the analysis of every ingredient used for producing a baby diaper and excluding chemicals that can be harmful to the baby’s health.

Diaper manufacturers are also strengthening their market position with strategic acquisitions and mergers. For instance, Unicharm Corp. announced the acquisition of DSG International, which claimed to be the second-largest baby diaper manufacturer in Thailand. This has helped the Japanese company in bolstering its market presence in the Southeast Asia region.

In conclusion, the nonwoven baby diaper market has immense potential to proliferate with growing awareness for personal baby hygiene and increasing birth rate in emerging economies.

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Face Masks to Drive Nonwoven Cleanroom Apparels Demand in the Near Future

February 22nd, 2021 Global Market Insights Leave a comment

Rising demand from various verticals like pharmaceutical, medical equipment, and the electronics sectors will anchor the adoption of nonwoven cleanroom apparel. The prevalence of several chronic and contagious disorders, like the present coronavirus, has resulted in an increasing need for sanitation and disease protection. Nonwoven cleanroom garments are gaining wider popularity in comparison to other materials as they do not necessitate the need for spinning or weaving the fabrics and can be derived from different sources of raw materials.

The nonwoven apparels are eco-friendly as well as sterilized and are gradually replacing traditional barrier-rendering and aseptic fabrics as they offer single-use and are easily disposable. They do not require re-cleaning or sterilization and effectively help to eliminate contamination. These materials offer fast production, lower costs, high yield as they can be manufactured in large quantities. Apart from these features, they can provide elastic recovery, aeration filtration, and absorbent insulation. Furthermore, the nonwoven fabrics are waterproof, soft, light, and not scalable.

As per a recently collated research report, the global nonwoven cleanroom apparel market size is slated to rise at an exponential growth rate by 2026.

Global demand for face masks

Annual revenue from face masks in the nonwoven cleanroom industry is likely to reach a prominent growth rate. This can be mainly attributed to their incessant demand across the globe particularly in the present COVID-19 pandemic on account of their lower cost and higher utility to curb the spread of the infection. The multilayer construction of the nonwoven face masks helps to provide effective protection against microorganisms.

Protection of medical equipment

Application of nonwoven cleanroom clothing across the medical equipment sector will reach significant revenue. This is owing to their optimum efficiency and user protection like high tearing and abrasion resistance as well as excellent barrier-providing abilities.

The fabrics also offer better comfort & feel, high-level vapor transmission, air permeability, and good cross-contamination control. Taking note of these factors, the nonwovens are most suited for wound-caring components like bandages, absorbent pads, and drug-delivery devices, and in many other types of medical equipment across ICUs, labs, and operating rooms.

Potential in the pharma industry

Nonwoven cleanroom apparel uses across the pharmaceutical sector will gain considerable traction due to their rising preference to filter the human-dispensed contamination in pharma applications. As the fabrics are derived from lightweight, low-threading as well as durable polyethylene and polyester fibers, they are affordable and suitable for single use. They are environment friendly and are hence excessively used across sterile operating facilities to counter contamination concerns while rendering high comfort and protection.

Nonwoven cleanroom apparel suppliers are working towards novel product launches as well as marketing strategies like partnerships, and acquisitions, to broaden their reach across the untapped regions in the world. They are keen on capacity expansions to sustain competition. For instance, in June 2020, Kuraray Co., Ltd., expanded its production of melt-blown nonwoven fabrics to cater to the increasing consumer requirements for mask filters.

Kimberly-Clark Corporation, Clean Air Products, DowDuPont Inc., Azbil Corporation, Connect 2 Cleanrooms Ltd., Dynarex Corporation, and Labconco Corporation some of the other global product manufacturers in the industry.

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3 Major Trends Characterizing Global Heat Pump Market Outlook Between 2020-2026

February 11th, 2021 Global Market Insights Leave a comment

The global heat pump market is anticipated to observe heavy growth owing to rising environmental concerns across the globe. In addition, the implementation of heating technologies that are energy-efficient is further likely to shape the market growth over the coming years.

Apart from environmental concerns, the growing installation of reliable and cost-effective heating technologies throughout the commercial and residential sectors is slated to be the major factor augmenting the overall market demand.

Additionally, increasing consumer awareness around energy optimization coupled with growing urbanization across the globe will further proliferate the industry share through 2026. Favorable initiatives introduced by the government along with decreasing component prices are likely to create new business chances for market players, thereby augmenting the overall industry share.

According to a research report by Global Market Insights, Inc., the global heat pump market is projected to exceed 16 million units by 2026.

Below are the top trends that are expected to help the industry reach the aforementioned level of growth.

Favorable regulatory initiatives:

The heat pump market is slated to observe considerable growth owing to supportive regulatory incentives and schemes globally. In addition, expanding efforts to reduce carbon footprints as well as growing energy prices should majorly outline the market growth through 2026.

Citing an instance, as per the NYSERDA (New York State Energy Research and Development Authority), the new incentive initiated for the whole house system having $1,000 per ton cooling capacity, single-family home is expected to get about $3,000 to $4,000 as financial assistance.

WSHP to gain major traction:

The water source heat pump (WSHP) product segment is projected to observe heavy growth owing to its advantages over ground source or air source heat pumps. In addition, strict regulatory norms to tackle greenhouse gases are likely to outline the water source heat pump’s growth through 2026. These pumps use very little energy as compared to other sources.

The WSHP needs a water source, including rivers and lakes, that are heated by the sun with some support from a small amount of electricity. WSHP boast of a high level of efficiency having a CoP of approximately five, which means each unit of electricity gives five units of heat.

Furthermore, WSHP units don’t need any deep excavations which are required in ground source heat pumps. Longer life and quieter operations are better offered by WSHP units, which should augment their growth in the future.

Mounting deployment across Europe:

The growing need for heating appliances in the residential sector is anticipated to augment the European heat pump market share. Extreme climatic conditions in the region have led to the growth in the sales of heating pumps. The market is projected to observe the growth of more than 5% through 2026. Additionally, heat pumps help in the reduction of carbon footprints, which might add up to their market demand in the future.

Increasing deployment in the residential sector and stringent government norms to curb carbon emission are some of the major factors indicating a definitive growth opportunity for heat pump market players. The competitive landscape of the heat pump market is inclusive of players such as Danfoss, Glen Dimplex, Bosch Thermotechnology, Viessmann, Trane, and Valliant Group among others.

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Growing Awareness Regarding Workplace Safety Likely to Increase Demand for Nonwoven Protective Clothing

February 6th, 2021 Global Market Insights Leave a comment

Nonwovens are well-bonded, web-structured fabrics that are produced using chemical, mechanical or thermal processes. They are excellent in resisting abrasions, ignitions and are repellant to liquids and airborne particles. Nonwovens also produce breathable clothing whilst having excellent tensile strength.

Driven by the aforementioned attributes, nonwoven protective clothing market size is poised to witness appreciable proceeds in the coming years. The ongoing COVID-19 pandemic has increased the importance of personal protective equipment in the healthcare industry. Nonwoven fabrics are used for creating a protective layer to the PPE’s which can protect healthcare workers from hazardous chemicals, bacteria, and pathogens.

The rising number of patient admissions has increased the importance of protective apparel in hospitals, thereby increasing its production. In fact, as per a report by the China Global Television Network, a factory in Foshan is producing over 80 tons of nonwovens every day which can be used for making over one million surgical masks or over 400,000 protective suits. These factors clearly justify the insistence regarding nonwoven fabrics in the PPE manufacturing industry.

Speaking of which, polypropylene, a single-use plastic nonwoven material, has been widely used in recent times for making PPEs like face masks, shields, gowns, goggles, shoes, and headcovers for healthcare workers. Similarly, polyethylene has garnered significant importance in protective clothing production in the Asia Pacific region. For instance, in India, researchers at IIT Kanpur developed polythene PPE kits for healthcare staff to protect them from contracting the Sars-Cov-2 virus.

Polyethylene-based equipment is cost-effective and can be produced in large volumes at local factories. Usage of these materials has benefitted the healthcare organizations operating in underdeveloped and developing nations in effectively fighting the COVID outbreak. Such a soaring demand is likely to increase the production of nonwoven protective clothing across the world.

The nonwoven fabric industries have initiated to produce cost-effective products with the integration of paper, pulp technologies. The supply chain sector of this industry has improved over the years with automated converting being at the fulcrum. With the growing usage of automation for producing large volumes of fabrics at low per-unit production costs, the demand for nonwoven protective clothing is likely to expand over the coming years.

Talking about advancements, the integration of printing technology in the nonwoven clothing industry has improved the quality of protective apparel at lower production costs. The printed nonwoven fabric has the potential of replacing many conventional structures. It will significantly reduce production costs by replacing hundreds of traditional looms with accurately sized nonwoven fabric machinery. This shall also reduce the overall power consumption, lowering carbon footprints. Such environment-friendly advancements will possibly expand the nonwoven clothing industry.

The market for nonwoven protective clothing in North America has significantly increased over the years. This is primarily due to the rising number of healthcare institutions and increased awareness pertaining to worker safety. Government organizations have implemented regulations regarding the importance of using protective gear in different sectors like oil & gas, healthcare, which will possibly increase the demand for nonwoven protective clothing in the region.

Similarly, the Asia Pacific region is likely to showcase rapid growth in the coming years. There has been a soaring rise in the number of life-threatening workplace incidents in countries like Japan, India and China. Governments have initiated regulatory actions for promoting awareness regarding workplace safety, increasing the usage of protective apparel in hospitals, manufacturing plants, automotive factories, etc.

Many manufacturers are taking initiatives in producing protective clothing using nonwovens. To support this statement with an instance, Dupont has started a program named #TyvekTogether under which they have produced over 100 million PPE kits to be provided to frontline and healthcare workers. Furthermore, Dupont has produced a new type of fabric, Tyvek 1222A for bolstering the production of PPE kits. Ferra manufacturing of New York joined this initiative and started using the fabric for producing isolation gowns and they have manufactured over 400,000 isolation gowns.

Such initiatives by key manufactures are likely to promote the usage of protective clothing, helping these players in establishing their market position across the nonwoven protective clothing industry.

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Spunbonded Fabric to Remain in the Mix for PP Nonwovens Market

February 3rd, 2021 Global Market Insights Leave a comment

Technical advancements in nonwoven processing and fabric finishing have prompted leading companies to expand their penetration in the global staples PP nonwovens market. Nonwovens have become one of the most prevalently used textile products in an ocean of end-use industries, including feminine hygiene, baby diapers, wipes, automotive, medical, industrial, and geotextiles.

As the demand for polypropylene nonwovens soars for wet filtration in the pharmaceutical and chemical industries, PP spun-bonded fabrics have become immensely popular in geotextiles, diaper linings, and agriculture. Spunbonded nonwovens have gained ground for the outer layer of a range of medical masks which are breathable and can protect the inner layer maintaining the mask integrity.

Geotextile makers are profoundly favoring staple PP nonwoven owing to greater flexibility, latitude, and higher tear resistance under impact load. Globally, staples PP nonwovens market size is estimated to grow at a considerable rate by 2026.

Traction for meltblown PP nonwovens has become noticeable in manufacturing products in the automotive, medical, personal hygiene, and electrical and electronics sectors. Pressing use of polypropylene nonwoven fabric made from chemical or thermal web bonding has mustered up the confidence of meltblown nonwovens manufacturers.

Amidst the COVID-19 fallout, staple PP nonwoven fabric in surgical masks with high bacterial filtration efficiency has surged in traction. Not to mention, the middle layer of surgical gowns made of meltblown polypropylene has gained impetus among the masses.

Medical industry players have exhibited increased traction for nonwovens for superior efficiency, better protection, increased performance, and less potential for cross-contamination. Nonwoven textiles will continue to play a pivotal role in the manufacturing of medical products, including dressings, surgical pads, implantable textiles, and filtration materials.

The emergence of nonwovens has triggered the development of a cost-effective alternative and can minimize the problem of cross-contamination immensely. Staples PP nonwovens are expected to be the material of choice for several wound care and surgical applications.

ExxonMobil joined hands with the Nonwoven Institute (NWI) in May 2020 to help rev up face mask production for front lines amidst the pandemic. Reportedly, NWI is supplying the meltblown and spunbond nonwoven fabrics to medical masks’ manufacturers. ExxonMobil is said to have donated around 146,00 pounds of PP and PP-based performance polymers to NWI.

SABAIC teamed up with Fibertex Personal Care in October 2020 to come up with nonwovens using recycled plastics. They claim it to be what they call the world’s first nonwovens range based on recycled plastic in the hygiene market. SABAIC’s circular polypropylene is all set to be used to make the new nonwovens, while they assert the new material could be used as a drop-in solution for keeping up with consumer safety and purity.

The automotive sector has become one of the major revenue-generating hubs following the trend for lightweight cars with aesthetics and improved comfort. Prevalence of staples PP nonwovens in the construction and design of transportation means, including trains, airplanes, boats, satellites, and spacecraft has augured well for the industry size expansion.

Expanding penetration of PP nonwovens in car components, including fuel filters, air filters, doors, seats, and trims has triggered growth in the landscape. It is worth noting that the footfall of nonwoven fabrics will remain pronounced to meet the demand for non-flammable textiles.

Nonwovens that improve acoustical performance and boost weight reduction are likely to remain in the mix, with the use of polypropylene nonwovens fostering sound absorption at lower frequencies to reduce weight, cost, and interior noise levels.

Industry players are expected to infuse funds in North America staples PP nonwovens industry following the roll-out of PP nonwoven surgical masks to combat coronavirus. The medical sector is touted to be one of the major recipients of PP nonwovens. With the footprint of nonwovens in automotive sectors in the U.S. become more palpable than ever before, stakeholders project a bullish outlook in the region.

Asia Pacific is expected to be a major consumer of nonwovens in the wake of the growing popularity of meltblown and spun-bonded fabrics in hygiene, medical and furniture applications. A notable uptick in the birthrates in emerging economies in the region has accentuated the demand for diapers and hygiene products, auguring well for leading companies vying to bolster their footholds in APAC.

Considering the trend for staples PP nonwovens among end-markets, new entrants are likely to be witnessed in the next five years. The presence of advanced healthcare systems in North America, Europe, and APAC will be a growth-stimulator, while stakeholders will potentially emphasize sustainability and innovation-focused trends.

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Demand for Metal Coil Lamination to Expand Across Appliances Industry

February 2nd, 2021 Global Market Insights Leave a comment

Metal coil lamination industry trends will be significantly driven by the increasing demand from the appliances, metal construction, automotive, and food & beverage packaging sectors. There is an incessant requirement to enhance the appearance and durability of various products and components in these applications. Metal coil lamination refers to the process of applying colored PVC/PET films and electro-galvanized galvalume or stainless-steel to the metal coils to upgrade their visual aesthetics.

To add further, metal coil lamination machines offer maximum weatherability, fire & chemical resistance, durability, processability, non-toxicity, versatility, and are easy to maintain. These factors have increased their suitability in elevators, furniture, storage equipment, and upholstery.

As per estimates, the global metal coil lamination market size will reach a yearly revenue of more than USD 5 billion by 2026.

Higher deployment of metal to polymer film lamination

Industry share of the metal to polymer film segment was valued at a significant number owing to their growing preference over metal to metal coating. This is because thin polyester films render protection against outdoor exposure. This method of metal coil lamination changes the appearance of ordinary indoor metals to imitate far better-priced materials such as wood, stone, marble, and granite. For instance, Texcover Lamination Film is a superior polyester film that is extensively adopted to decorate coiled metals.

Major uses in appliances

The application of metal lamination coils in the appliances industry is likely to gain considerable traction. This is due to the antimicrobial and fingerprint resistance properties offered by the laminated coils. They also are effective to eliminate over 99% of bacteria that appear in the vicinity of the appliances. They also impart a new look to the appliances by coating their entire surface, interiors, hemmed edges, as well as tubes.

Rising adoption across automotive and metal construction

Demand for metal coil lamination in the automotive sector is expected to hit an exponential growth rate. This can be attributed to the provision of extended corrosion warranties to automotive manufacturers based on metal lamination. Furthermore, in the construction of automobiles, the metal laminated coils offer maximum protection to inaccessible cavities against corrosion.

The metal coil lamination market size across the metal construction applications will be valued at a substantial revenue share owing to their energy-efficient features. There is a growing focus to enhance the external look of wall panels, roofing tiles, and shakes. The laminated metal coils transform the look of metal panels and roofing materials to imitate copper patina, clay, weathered wood, and rusted metal.

Solution providers in metal coil lamination are keen on inorganic strategies like partnerships, mergers, and acquisitions to amplify their global penetration. These companies are also incorporating marketing initiatives like capacity expansions to gain a competitive edge over other industry players. For instance, Mitsubishi Chemical Corporation, in November 2020, signed a framework deal with Konfoong Materials (KFMI) and TCPR (Shanghai) Electro-Mechanical (TCPR) to transfer its business for light metal products.

Lienchy Laminated Metal Co., Ltd, Sika AG, Jindal Poly Films Ltd., Orion Profiles Ltd., Material Sciences Corporation, Berlin Metals, Toyo Kohan Co., Ltd, ArcelorMittal, and Celplast Metallized Products some of the other key participants in the sector.

The present COVID-19 pandemic considerably drew a negative outlook on the metal coil lamination industry share in the first phase of the industrial lockdown. However, the resumption of operations across the automotive and constructions could now add positive impetus to the industry forecast.

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Data Center Power Market is Projected to Reach USD 15 Billion by 2026

January 26th, 2021 Global Market Insights Leave a comment

According to a recent study from market research firm Global Market Insights, the growing deployment of IoT and cloud computing technologies across various businesses will significantly expand the data center power market share. Cisco Systems had estimated that the number of hyperscale data centers will see a rise from 338 in 2016 to 628 by 2021. It has also been found that these data centers will contribute to 53% of the total data centers across the globe.

Data center power management can be touted as a broad process that deals with the management, measurement, as well as monitoring of power generation in data centers. It also looks after the consumption and optimization of power within a data center facility. The construction of mega-facilities across different regions in the world by some of the global enterprises has added impetus to data center power consumption over the coming years.

The rising requirement for data centers and power backup has urged several firms to opt for modular data centers in order to add multiple modules. These data centers ensure that the load operates at an optimal level owing to their modular Uninterruptible Power Supply (UPS) architectures.

Furthermore, these systems are highly preferred in comparison to conventional UPS as they can be easily accessed and installed. They also offer maximum reliability and reduce the total cost of ownership. The smaller design or size of modular UPS makes it effective for use in micro and edge data center facilities that are distributed across crowded urban areas.

Data center power market distribution from colocation applications will gain significant momentum through 2026. This is due to the numerous benefits rendered by colocation providers, in conjunction with narrowing down the need for companies to establish newer facilities that can drain their vital resources like time, labor, and money. Owing to this, colocation data centers are highly preferred by several businesses that have monetary constraints and limited data storage requirements.

Furthermore, the influx of IoT and cloud services has augmented the need for data storage across large enterprises. This has pushed colocation providers to deliver enhanced services to operators in the form of power, cooling, and maintenance of the infrastructure.

Regionally, Data Center Power market in MEA is estimated to grow commendably over the forthcoming years attributing to the thriving telecommunication industry in the region. This has increased the demand for cloud computing which in turn has urged service providers to extend their IT facility across several economies in the region. As a result, various telecom operators are focusing on establishing large-scale facilities for improving their data transmission rate and meanwhile gaining a competitive edge in the market.

For instance, in 2019, renowned Palestinian telecommunication company Paltel Group announced the completion of the construction of its second data center in Ramallah which is a 65,000 square foot (6,000 sq m)-facility certified with Uptime Tier III Design. Such tremendous expansions of IT facilities will certainly instigate the adoption of intelligent power managing solutions for effective energy consumption in these facilities.

Key Companies covered in data center power market are ABB Ltd., Active POWER, Belkin International, Inc., Black Box Corporation, Caterpillar Inc., Cummins, Inc., Cyber Power Systems, Inc., Delta Electronic Inc., Eaton Corporation, Emerson Network Power, Inc., Hewlett-Packard Company, Huawei Technologies Co., Ltd., Legrand, Mitsubishi Electric Corporation, Rittal Gmbh & Co. Kg, Schneider Electric SE, Siemens AG, Toshiba Corporation, Tripp Lite, Vertiv Group Co.

Source: https://www.gminsights.com/pressrelease/data-center-power-market

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Private LTE Market is Projected to Reach USD 13 Billion by 2026

January 25th, 2021 Global Market Insights Leave a comment

According to a recent study from market research firm Global Market Insights, The demand for the private LTE market is anticipated to grow at an incremental rate based on the increasing adoption of connected devices that require a reliable and secure communication network. Rapid urbanization and industrialization are driving the need for advanced communication technologies that are capable of handling smart logistics and manufacturing.

In order to keep up with the latest digital trends, workplaces are undertaking up-gradation activities such as implementing private LTE and industrial IoT networks. These upgrades can help enhance performance and productivity while ensuring minimal human intervention. Considering such aspects, Global Market Insights, Inc., estimates that the private LTE market might reach USD 13 billion by 2026.

The rising number of investments and developmental activities conducted by federal governments to promote the idea of smart cities could massively benefit the business outlook for private LTE providers over the predicted timeframe. However, high deployment costs pertaining to network upgrades could pose as one of the major dampening factors for this private LTE market.

The mining sector is steadily shifting towards remote applications and autonomous technologies to perform crucial tasks. Autonomous or remotely controlled equipment functioning through private networks could help mine owners to minimize human fatalities and accidents. Back in 2017, the mining industry saw nearly 17 fatalities that could be avoided by remote-controlled instruments.

The mining sector is one of the important aspects of the global economy and is integral to the infrastructure development of the nation. Mining corporations use digital solutions to adapt to the fluctuating demand, address the rising safety & environmental concerns, and control the operational costs. These solutions help introduce new levels of agility and automation to the mining facilities. It is speculated that the mining sector could spend nearly USD 2.9 billion on private networking by 2022.

In a recent turn of events, Canada based telecommunications company- Shaw Communications, had in October 2020, announced establishing its partnership with Nokia for the placement of Canada’s first industrial-grade Private LTE market network for Teck Resources Ltd’s mining systems. Labeled RACE21, the program is developed to transform the ways of mining by the company by harnessing innovation and technology. Besides, the network is also likely to offer larger connectivity and coverage at Teck’s Elkview Operations in British Columbia.

The rising adoption of smart connected systems across numerous industry verticals like transportation, urban planning, and manufacturing could enhance the deployment of private LTE networks across North America. The region controlled a major portion of the market share in 2019 and is predicted to maintain this trend by 2026.

Local agencies are also gaining interest in expanding their private LTE network. Citing an instance, Nokia along with Omega Wireless is working on launching 600 MHz private LTE network project that will support numerous critical applications for the New York Power Authority. The program intends to test the value of Nokia’s industrial-grade private LTE solution on Omega’s Band 71 spectrum.

Key Companies covered in the private LTE market are AT&T, Boingo, Casa Systems, Cisco, Druid Software, Ericsson, Future Technologies, General Dynamics, Huawei, Motorola, NetNumber, Nokia, PDV Wireless, Qualcomm, Rivada Networks, Ruckus Networks, Samsung, Sierra, SpiderCloud Wireless, Tait, Verizon, and ZTE.

Source: https://www.gminsights.com/pressrelease/private-lte-market

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Electronic Appliance Demand to Influence North America Wire and Cable Market Forecast

January 22nd, 2021 Global Market Insights Leave a comment

The consistent need for high-speed internet services will enhance North America’s wire and cable market forecast, along with the higher adoption of IoT and smart devices. There has been a surge in the use of internet and telecommunication services as well as the incorporation of renewable energy sources with the expansion of the industrial sector.

Increasing demand for power supply from residential and commercial buildings and soaring investments in the implementation of smart grid infrastructure will boost the consumption of various types of electrical components in the coming years. Estimates suggest that the North American wire and cable market size will reach a yearly estimation of more than USD 40 billion by 2026.

High voltage networks will witness considerable deployment across the manufacturing sector owing to the rising need for bulk electricity transmission over long distances. The steady incline in developmental investments for various clean energy generation projects and augmenting demand for HVDC systems will stimulate the development of high voltage wire and cables in the U.S.

Furthermore, the rising production of power cables can be attributed to the intensifying governmental focus on generation as well as the transmission capacity of the cable components. Annual revenue from coaxial wire and cable technology in the North American market is anticipated to reach a significant share through the coming years owing to their high durability and ease of installation. Coaxial wire and cables ensure the transmission of large volumes of data at significant speeds and are extensively accessed by the internet and service providers in the region to effectively transmit video and audio data.

Consumer electronic applications are likely to gain traction in the overall industry over the coming years owing to the jump in household incomes and the decrease in electronic product costs. There has been a significant deployment of smart systems across the region. Consistent developments in the electronics sector have pushed the demand for multiple low-voltage components for products like smartphones, earphones, and Bluetooth speakers.

Wire and cable manufacturers in the North American geography are focused on new product launches, mergers, and acquisitions to gain a competitive edge over other participants while expanding their global presence. For instance, Belden, a leading wire and cable distributor, introduced the 10GXW Cable, a new CAT 6A cable that works on multi-gigabit connectivity and offers reliable connectivity infrastructure solutions that can be optimized for smart buildings.

The ongoing COVID-19 could have considerably influenced the regional trends owing to the excessive demand for high-speed internet with the regulation of work from home policies. Educational, healthcare, and services industries have brought in significant demand for reliable connectivity, putting a focus on strong cable infrastructure. Cablel Hellenic Cables Group, LAPP North America, Polycab, and Furukawa Electric Co. Ltd., are some of the major firms producing and supplying robust wires and cables across America.

Source: https://www.gminsights.com/industry-analysis/north-america-wire-and-cable-market

Global Solar Water Heater Market Forecasted for Healthy Growth by 2025

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