Overview of the global high-purity water treatment market
Market research analysts at Technavio predict that the global high-purity water treatment market will grow steadily during the next four years and post a CAGR of almost 8% by 2021. This market research analysis identifies the increase in size of semiconductor wafers as one of the primary growth factors for the water purification equipment market. Since increasing the size of silicon wafers will reduce the cost of manufacturing for the semiconductor industry by at least 20%, there has been a significant increase in the size of semiconductor wafers. This will induce semiconductor manufacturers to invest heavily in upgrading their wafer fabrication plants (FABs) and constructing new ones. For instance SK hynix started constructing an M14 FAB for 300 mm technology in Korea and Intel has already invested in the research and development of 450 mm. This development of new manufacturing units will consequently drive the demand for high-purity water treatment equipment, boosting market growth.
It has been observed in the recent years, healthcare-acquired infections were one of the major causes of preventable deaths. With the implementation of multiple projects in the healthcare industry, governments across the world will focus on adopting preventive measures to avoid disease transmission. As a result, there will be a considerable increase in the demand for high-purity water treatment systems from the healthcare industry especially in the emerging economies.
Competitive landscape and key vendors
Overview of the global digital oilfield market
Technavio’s market research analyst predicts the global digital oilfield market to grow steadily at a CAGR of around 5% by 2021. One of the primary drivers for this market is the rapid migration of drilling into unconventional areas. The generally established areas such as the Middle East, Gulf of Mexico, and North Sea areas have started registering a reduction in the rate of production in the past few years. This has led the energy companies, with an insatiable thirst for new resources, to move out to areas like Yamal basin in Russia, Andaman Sea in the Indian sub-continent, and most significantly regions in the Arctic and Antarctic. Over the past few years, the probability of encountering a high temperature-high pressure (HTHP) well has increased significantly. The dependence of the global economy on hydrocarbons is only expected to push these activities to the fringes of the global geotechnical areas and give rise to significant well issues. This increase in exploration and drilling activities will augment the growth of the global digital oilfield market during the forecast period.
One of the latest trends gaining traction in this market is the development of 4D seismic survey technology. Seismic technology is used by petroleum geophysicists and geologists to interpret and map potential hydrocarbon reserves. The scale and size of seismic surveys have enlarged alongside the upsurge in computing power during the last few decades. The 3D technology considers oil and gas reserves as a cube along with its height, width, and depth. On the other hand, 4D technology adds one more component (i.e., time), which shows how a reservoir will change over a time period. With the ability to provide remote
Overview of the T&D equipment market in Europe
The T&D equipment market in Europe is anticipated to grow at a steady rate and will post a CAGR of close to 4% during the forecast period. The increasing number of cross-border interconnections will drive the growth prospects for the transmission and distribution (T&D) equipment market in Europe in the forthcoming years. Since most of the transmission lines have reached their bottleneck or their maximum capacities, the EU is developing an interconnected grid that can transfer electricity between countries in the region such as between the UK, Germany, Poland, France, Sweden. Some of the benefits of interconnected systems include the improvement of grid reliability and combining reserves and reduction in the investments in power-generating capacity.
The growing focus on energy efficiency will drive the growth prospects for the T&D equipment market in Europe until the end of 2021. One of the major factors responsible for the growing need for energy efficiency is the thermal loss that occurs throughout the energy chain during the production of power.
Competitive landscape and key vendors
The T&D equipment market in Europe is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. Some of the major factors responsible for the growing competition in the market include price, quality, the range of products, inventory, delivery time, customer
Overview of the global deep cycle batteries market
The global deep cycle batteries market is anticipated to grow at a steady rate and will post a CAGR of more than 4% during the forecast period. The growing demand for electric forklift applications will drive the growth prospects for the global deep cycle batteries market until the end of 2021. Some of the major end users of battery-powered forklifts are retail and wholesale, logistics, mechanical or automotive, food and beverages, chemical, and timber or paper and print industries. Furthermore, some of the major factors responsible for the growing preference for electric forklifts among these end-users is its low emission and noise hazard characteristics, longer lifespan, and the elimination of fuel costs.
In terms of geography, APAC accounted for the maximum market share during 2016 and will continue to dominate the market in the forthcoming years. Some of the major factors responsible for the market’s growth in the region is the growing demand for batteries in developing countries such as China and India along with the batteries offered by local manufacturers at a lower price.
Competitive landscape and key vendors
The global deep cycle batteries market is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. Some of the major challenges faced by these vendors are intense competition, rapid advances in technology, frequent changes in
Overview of the global water and wastewater management market for the mining sector
Technavio’s market research analyst predicts the global water and wastewater management market for the mining sector to grow steadily at a CAGR of around 5% by 2021. One of the primary drivers for this market is the increasing scarcity of natural water sources. Water scarcity is a major problem in many areas where natural resources are abundant. This insufficiency of water creates a necessity for the mining companies to consider recycling technologies for after-treatment solutions. In the process of extraction of minerals, large quantities of water are used. Also, a considerable amount of contaminated water and mining waste is generated as a by-product. As a result, companies have adopted wastewater management techniques to refine and reuse the available water. Moreover, the growing number of water conflicts in the water-stressed regions will propel the need for water and wastewater management solutions for the next few years.
One of the latest trends gaining traction in this market is the growing demand for mineral-based products. Due to the ongoing expansion of mining activities in the developing countries, the demand for mineral-based products is expected to increase exponentially. The gradual depletion of the mining reserves is compelling mining companies to relocate to remote and arid locations. This relocation to remote locations will further increase the demand for water. As a result, it will fuel the demand for advanced water
Overview of the global battery market for point of sale (POS) terminals
Technavio’s market research analysts predict the global battery market for point of sale (POS) terminals to grow steadily at a CAGR of above 9% by 2021. One of the primary drivers for this market is the growing regulatory intervention on secure payments. Various instances of financial fraud have forced countries to set stringent regulations with respect to security standards. Regulatory bodies have imposed a rule for the recertification of electronic payment systems employed by merchants and retailers. In the US, the EMV liability shift policy mandates that the issuers and merchants should adopt EMV technology standards, failing which they will be liable to fraud charges in the case of any fraudulent transaction. In order to protect themselves, the merchants need to obtain verification certifications for their electronic systems employed. These certifications should be obtained from financial institutions, card associations, and payment processors. This regulation has compelled the majority of retailers to upgrade their existing POS systems to new ones that will help them to comply with the terms. As a result, these mandates have induced growth in the global battery market for POS terminals.
In terms of geography, APAC accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. The increased preference toward non-cash payment methods is the key contributor for the dominance of the battery market for POS terminals in the region. This trend has compelled the merchants in the region to attach high significance to information management and provide a safe and secure
The energy industry is in a state of flux. Declining fossil fuel reserves are driving energy security concerns, which are boosting prospects for alternative energy sources. Globally, thermal power is steadily losing ground as renewable power, like wind, solar, biomass, biogas, and tidal, is gaining traction and more and more renewable sources achieve grid parity.
Additionally, smart grids have emerged as a key growth driver in this segment and are helping transform the way we obtain and use energy. Integration of smart grids with renewable energy sources has also facilitated the growth of the energy industry as a whole.
Distributed generation, microgrids, and next-generation energy storage are some of the new technologies that are gaining prominence across the industry.
Technavio’s energy reports are extensive in coverage and include markets like smart grid, oil and gas, power, energy storage; and water and waste management.