Overview of the global cryogenic equipment market
Market research analysts at Technavio have predicted that the global cryogenic equipment market will grow moderately during the predicted period and will post a CAGR around 6% by 2020. Technological advancements and innovations have a great impact in the life sciences sector, especially, in the areas such as immunotherapy, vaccinations, regenerative medicines, and biopharmaceuticals. These areas require cryogenic temperatures for storage, preservation, and treatment applications. For instance, in immunotherapies such as T-cell therapy, the T-cells are extracted from the patient’s blood and are genetically engineered to produce special receptors that are infused into the patient. These cells then multiply and with the guidance of an engineered receptor, destroy cancer cells. Cryogenic equipment is required in the storage and activation of T-cells. Additionally, cryogenic cooling systems such as cryogenic freezers are required for the storage of bone marrow, stem cells, cord blood, human tissues, and also for other highly sensitive pharmaceutical and biological applications.
The development of HTS (high-temperature superconductor) power cables is another major factor that will drive the demand for cryogenic equipment. These HTS cables have high transfer efficiency and will witness an increase in their demand from the power sector for the upgradation of transmission and distribution networks all around the globe.
Overview of the global packaged boiler market
Market research analysts at Technavio have predicted that the global packaged boiler market will grow steadily in the next four years and will post a CAGR of more than 5% by 2020. This market research analysis identifies the demand for uninterrupted steam supply as one of the primary growth factors for this market. Portable boilers were considered to be the only means of steam generation for industrial units and in the power generation sector to run turbines. However, technological advancements led to the development of packaged boilers that can be connected in parallel to the boiler connection pattern and can assist in increasing the operational capacity of a boiler system. As a result, several industries and educational institutions have started replacing their coal-powered steam boilers with packaged boilers to meet their energy requirements.
Considering the possibility of changes in the emission standards, boiler companies will start manufacturing boilers with reduced NOx emissions. For instance, the Nebraska boiler that meets the current standard of 76 ppmv of NOx emissions can be modified to meet 15 ppmv NOx emission simply by increasing the air and FGR ration by 20% and 25%, respectively. The modifications do not require any major modifications where only the burner spuds and FD fans have to be replaced.
Competitive landscape and key vendors
The industry is marked by the presence of several international players who offer a wide range of products and services as per the needs of the customer. Additionally, there is also a presence of a number of regional boiler manufacturers especially in the developing economies, and as a result, the market appears to be highly fragmented. Despite the market being dominated by a
Overview of the global glass processing equipment market
Market research analysts at Technavio have predicted that the global glass processing equipment market will grow steadily during the forecast period and will post an impressive revenue of more than USD 1 billion by 2020. Manufactured from natural raw materials such as sand, soda ash, and limestone, glass is considered to be pure, sustainable, and environment-friendly and has been used as the packaging medium for beverages, food, and medicines for years. The non-porous nature of glass bestows high protection properties and prevents degradation. Also, the inert nature of glass ensures the preservation and quality of the contents and enhances the product’s shelf life. Moreover, characteristics such as premium quality feel, sophisticated image, and consumer perception have resulted in the constant demand for glass packaging from the alcoholic drinks industry. This demand for glass packaging will continue to exist during the predicted period as well and will be one of the major factors that will have a positive impact on the growth of the market.
Glass manufacturing results in the release of a significant amount of toxic substances like nitrogen oxides, sulfur dioxide, and particulate matter that cause environment pollution and global warming. The growing concern towards the reduction of greenhouse gas emissions will lead to the introduction of strict regulations to adopt eco-friendly techniques for glass manufacturing. European countries have already started focusing on innovative eco-friendly glass manufacturing processes such as electric melting and staged combustion.
Competitive landscape and key vendors
The market is characterized by the presence of a large number of OEMs who are mainly
Overview of the global smoke detectors market
Technavio’s market research analyst predicts the global smoke detectors market to grow at a CAGR of more than 8% between 2016 and 2020. The global smoke detectors market is growing rapidly due to the increase in residential construction and replacement demand for smoke detectors. Owing to the growing emphasis on residential safety standards, there is a growing demand for smoke detectors in residential buildings. Builders are increasingly deploying smoke detectors in buildings to comply with the specific safety regulations that are mandatory across different countries. The stringent regulations by various associations, technological advancements in smoke detector technologies, growing awareness among end-users, and aging global infrastructure have contributed to the replacement of smoke detectors in buildings. New battery powered smoke detectors, with a sealed battery and an operational life of around 10 years, are in high demand among users, spurring further growth in the smoke detectors market.
Rapid development in smoke detectors technology as well as Internet of Things (IoT) and big data technologies have led to the expansion of smart smoke detectors. The high connectivity features of smart smoke detectors facilitate easy monitoring of battery status, receive alerts of smoke detection, and control operations through mobile devices from remote locations. The application of smart smoke detectors has provided convenience to users, leading to a subsequent reduction in nuisance alarms. These smoke detectors can also send notification or fire alerts through SMS or email. Moreover, they are also equipped with
Market outlook of the commercial AC market
Technavio’s research analyst predicts the global commercial air conditioning market to grow steadily at a CAGR of 9% during the forecast period. The rise in construction in the commercial sector, especially in developing countries like India, China, and Indonesia, is fueling the demand for commercial air conditioning units. There has been a surge in the construction of commercial buildings such as data centers, offices, and hotels in these countries.
The need to minimize operational costs and environmental impact is the key factor driving the demand for energy-efficient ACs. With rising need to conserve energy, many countries are implementing initiatives such as the use of energy-efficient ACs to reduce energy consumption. Numerous governments worldwide are developing new standards and regulatory norms for the companies to develop their products. Usually, ACs account for 60%-70% of the total energy cost of a building. The use of an energy-efficient ACs can cut this cost by nearly 30%.
Product segmentation and analysis of the commercial AC market
- Unducted standard split
- Ducted standard split
- US ducted split
The unducted standard split segment dominates the market, as these ACs provide flexibility to end-users. This type of unducted split AC can cool or heat each room individually. The demand for such ACs is arising from revamping requirements and new constructions, including data centers. Unducted standard split ACs are expected to retain its market leadership until the end of the forecast period.
Geographical segmentation and analysis of the commercial AC market
Market outlook of the compressor market
Technavio’s research analyst predicts the global compressor market to grow steadily at a CAGR of about 7% during the forecast period. Compressors form an integral part of various applications in the oil and gas and manufacturing industries. The oil and gas industry is generating tremendous demand for air compressors, especially in the Middle Eastern countries and China, which is hugely responsible for the growth of the market. Compressed air finds various applications in this industry, including sweetening of gasoline, oxidation of sour water, and catalyst regeneration. Wastewater treatment plants require compressors for agitation to keep solids in suspension, drive the pumps to move the material, and supply oxygen as a measure to support the processing bacteria. As a result, an increase in the number of such plants is expected to fuel the demand for air compressors
Technological innovations are anticipated to drive the market growth in the next four year. Several manufacturers are trying to design and develop next-generation air compressors that comprise a variable speed drive. For instance, Atlas Copco launched the GA VSD+ compressor in 2013. It was a grand success among all the end-users as it not only aided in enhancing customer productivity but also benefitted the environment. It helps in substantial reduction in energy consumption of up to 35% when compared to fixed speed air compressors.
End-user segmentation and analysis of the global compressor market
- Oil and gas
The oil and gas end-user segment dominated the global compressor market during 2015. The global upstream oil and gas industry makes investments worth around $10 billion to $14 billion each year on valve applications. Compressors are vividly used in