Overview of the global printed circuit board (PCB) connectors market
Market research analysts at Technavio predict that the global PCB connectors market will grow steadily during the next four years and post an impressive revenue of more than USD 22 billion by 2021. This market research analysis identifies the miniaturization of electronic devices as one of the primary growth factors for the growth of PCB connectors market. Though introduced primarily in the aerospace industry, factors such as the need for smaller assemblies in specific applications and the need to reduce material costs have led to the usage of miniaturized devices in the defense, medical, and consumer electronics sectors as well. This demand for reliable and compact electronic devices will in turn, increase the demand for miniaturized and reliable PCB connectors, subsequently driving the growth of the market.
The introduction of stringent carbon emission and fuel economy standards will drive the demand for emission sensors and infotainment systems, which will, in turn, increase the need for automotive connectors. Additionally, the growing safety concerns among consumers will also increase the demand for advanced systems including advanced driver assistance systems (ADAS), on-board diagnostic systems, infotainment systems, and electronic transmission, which demand the need for automotive connectors for proper functioning. Moreover, the use of connector technologies can also help automotive manufacturers facilitate
Overview of the global cable tray market
Technavio’s market research analyst predicts the global cable tray market to grow steadily at a CAGR of around 14% by 2021. One of the primary drivers for this market is the rapid growth of construction industry. The construction industry is the second largest end-user market for cable trays. Investments in industrial infrastructure provide opportunities for vendors that offer cable tray systems. Technavio estimates the global construction industry to grow at a higher rate as compared to the global GDP. Also, the recovery of developed countries from economic instability and rapid industrialization of emerging countries will contribute to the growth of the cable tray market over the next few years.
One of the latest trends gaining traction in this market is the growing investments in product innovations. The key contributor to this rising trend is the lack of product differentiation and the high bargaining power of buyers to pull down the price of cable tray systems. This has compelled the key cable tray manufacturers to invest in product innovations and R&D. For instance, Schneider Electric invests significantly in R&D and product development. The company plans to invest in India in the next three-five years in R&D and manufacturing. Moreover, safety standards and regulatory requirements for cable management systems have created the demand for cable trays that offer enhanced safety and protection to the wiring system.
Competitive landscape and key vendors
The global cable tray market is highly fragmented at regional levels with both organized and unorganized players operating in the market. In advanced economies, such as the US and Europe, the market is consolidated, with few international players holding large market shares. Leading
Overview of the global cable conduit systems market
The global cable conduit systems market is anticipated to grow rapidly and will post a CAGR of more than 11% during the forecast period. The demand for increased safety and protection of wiring in commercial and industrial applications will drive the growth prospects for the global cable conduit systems market in the coming years. One of the major factors that compel the use of safe cable management systems is the rising number of regulations in terms of electrical safety and standards, particularly in advanced economies. Also, conduits represent the safest wiring system since they protect the internal wiring from various factors such as moisture, chemical vapors, insulation to accidental damage, and from further impact, whereas, flexible metal conduit conduits are liquid-tight that allows them to be waterproof or submersible. Moreover, metal conduits are used to prevent the emission of electromagnetic interference from the enclosed power cables. Furthermore, halogen-free and green conduit systems can be installed in various food, healthcare and highly sophisticated facilities to inhibit bacteria growth.
In terms of geography, the Americas accounted for the maximum market share during 2016 and will continue to dominate the market in the forthcoming years. One of the major factors responsible for the market’s growth in the region is the key revenue contribution from North America owing to the increasing demand and utilization of efficient cable management products. Also, the growth is driven by the technological advancements and product innovations undertaken to provide advanced cable protector systems, which offers increased protection and efficiency. Also, the increasing need for up gradation and maintenance of the network infrastructure will further drive the market’s growth in the Americas.
Global outlook of the construction machinery market
Technavio’s market research analysts predict the global construction machinery market to grow steadily during the forecast period and post a CAGR of more than 11% by 2020. This industry research report identifies the growth of the construction market across the globe to be one of the major factors that will have a positive impact on the growth of this market in the coming years. Owing to rapid urbanization and economic growth, several large and medium-sized cities are focusing on the construction of ultra-high-rise buildings that will attract major domestic and foreign enterprises. This will be a major trend especially in the European countries such as the UK, where the construction industry experienced an exponential growth due to the increasing construction of high-rise buildings in the recent years. Such large-scale construction of high-rise projects will demand the need for heavy construction machinery, which, in turn, will aid in the growth of the market. For instance, the construction of Central Park Tower at New York, China Zun Tower at Beijing, Marina 106 at Dubai, and the Three Sixty West Tower B at Mumbai are some of the major high-rise construction projects that are expected to be completed during the forecast period.
To help operators monitor the performance and efficiency of the construction machinery outside the construction site, construction machinery manufacturers will start incorporating global positioning systems in their machinery. This will help operators in tracking multiple machines from any location. One of the leading manufacturers Link-Belt Excavators has already introduced construction machines such as the X4 model that are equipped with the GPS-enabled system RemoteCARE and helps operators in remote monitoring and
Overview of the global industrial gearbox market
The global industrial gearbox market is anticipated to grow at a steady rate and will post a CAGR of more than 4% during the forecast period. The strong growth of the mining industry will drive the growth prospects for the global industrial gearbox market in the forthcoming years. One of the major factors responsible for the application of industrial gearbox in the mining industry is its use for various primary processes such as extraction and tunneling. Also, it has been noted that the rising demand for coal, especially for electricity generation, will augment the need for technologically advanced equipment for mining and other infrastructural developments. In addition, the growing demand for basic metals such as copper, zinc, and nickel will subsequently boost the demand for mining equipment across the globe. It has been noted that the high demand for mining equipment in the US will facilitate the industrial gearbox market’s growth and as a result, the coal mining industry will witness substantial growth in developing economies during the forecast period.
In terms of geography, APAC accounted for the maximum market share during 2015 and will continue to dominate the market for the next few years. Some of the countries accounting for a major share in the market include China, India, Japan, Pakistan, and South Korea. Since the region witnesses a high level of investment in oil and gas exploration, it offers numerous opportunities for the growth of the industrial gearbox market. Moreover, the recent rise in automobile sales directly results in the increasing demand for the gearbox market in APAC.
Competitive landscape and key vendors
The global industrial gearbox market is highly completive and diversified due to the presence of a large number of local and international vendors. These
Overview of the global non-residential humidifier market
The global non-residential humidifier market is anticipated to grow at a steady rate and will post a CAGR of close to 5% during the forecast period. The growing textile industry in APAC will drive the growth prospects for the non-residential humidifier market until the end of 2020. One of the major factors that will drive the demand for humidifiers in the textile industries is the hygroscopic nature of textiles, which makes them susceptible to changes in moisture content. Moreover, the incorrect humidity control may impact textile properties such as tensile strength, fiber diameter, elasticity, and friction and cause weight loss. Another contributing factor responsible for the increasing demand for humidifiers in the textile industries is the build-up of static charges in textile processing. Consequently, the need for humidifiers grows to maintain optimal humidity control for the proper processing of these textile materials. Moreover, the growth of the textile industry in APAC countries will contribute to the demand for humidifiers during the forecast period. In addition, due to favorable business conditions, domestic demand for textiles is increasing in countries such as China, India, Bangladesh, and Vietnam.
In terms of geography, APAC accounts for the maximum market share in 2016 and will continue to dominate the market for the next few years. One of the major factors driving the market’s growth in the region is the worsening condition of air due to pollution, which drives the demand for air treatment products in the region. Other major factors responsible for the market’s growth include the availability of attractively priced and innovative humidifiers and well-established distribution channels with contractors and dealers that are trained in the product's distinct qualities. Furthermore, it is estimated that the major demand for non-residential