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
Global outlook of the lathe machine market
Technavio’s market research analysts predict the global lathe machine market to grow steadily during the forecast period and post an impressive revenue of more than USD 12 billion by 2020. This industry research report identifies the surge in automation to be one of the major factors that will have a positive impact on the growth of this market in the coming years. With the increasing need to provide superior-quality products, companies around the world have started automating their manufacturing processes. To enhance their productivity, the manufacturing industries in the developed and developing countries are increasingly focusing on replacing their manually controlled conventional lathe machines with computer numerical controlled (CNC) machines. The increased productivity will not only enhance the company’s profit margins but also aids in having a competitive edge and reduces operational costs. This will consequently induce more industries to automate their manufacturing processes, in turn, propelling the market’s growth prospects.
The integration of Internet of Things (IoT) in manufacturing will be one of the major trends that will gain traction in this market in the coming years. The adoption of IoT improves visibility in the manufacturing process so that the companies can monitor every unit of production at each step in the production process. This increased visibility will help companies manufacture higher-quality, more reliable, and durable products. For instance, the
Overview of the global air quality monitor market
Market research analysts at Technavio predict that the global air quality monitor market will grow steadily during the next four years and post a CAGR of almost 8% by 2020. This market research analysis identifies the rise in number of green buildings as one of the primary growth factors for this market. In addition to monitoring the energy usage, water usage, and quality of the indoor environment, monitoring the indoor air quality has also become one of the major concerns especially at workplaces as they can greatly affect the health, comfort, and productivity of the employees. The increase in number of green buildings across the globe, especially in countries such as US, China, and the European countries due to the introduction of stringent regulations that mandate the need for energy efficiency, emissions, and indoor air quality, will drive the need for air quality monitoring systems, in turn, propelling market growth.
One of the major trends that will gain traction in the air monitoring equipment market is the growing preference for wearable devices for monitoring air quality. In addition to the availability of fixed monitoring stations and portable monitoring stations, technological advancements will result in the development of wearable products to ensure air quality. The breath device, a small-scale air filter system and Tzoa, a wearable Enviro-Tracker that analyzes the air and scans particles are some of the wearable devices already available in the market for air quality measurement.
Competitive landscape and key vendors
The market is characterized by the presence of several global and local vendors and appears to be fragmented. Since all vendors compete to gain a significant revenue share, the market is competitive and is dominated by the key players such as
Overview of the global bakery confectionary machinery market
Market research analysts at Technavio predict that the global bakery confectionary machinery market will grow steadily over the next four years and post a CAGR of almost 7% by 2020. This market research analysis identifies the growing demand for organic bakery products as one of the primary growth factors of the confectionary and bakery equipment market. The increasing awareness of the nutritional value and health benefits have significantly increased the demand for organic bakery products across the world. It has been observed that the organic food market will post a staggering revenue of more than USD 80 billion by the end of 2016. This increased demand for organic products will compel the need for capacity expansion, in turn, propelling the demand for bakery and confectionary packaging and processing machinery.
One of the major trends that will gain traction in the bakery and confectionary equipment market is the increased demand for multipacks and small-sized packs. The rise in the number of single-person households has resulted in increasing the demand for multipack and small pack sizes as they offer opportunities for easy brand switching. Moreover, the increasing number of merchants who prefer packaging that uses less shelf space to entice consumers to try new products also creates the demand for small-sized packs. With the demand for in-store bakeries on the rise, retailers will also start offering bakery products in smaller portions, which will again demand the need for new packaging machinery.
Competitive landscape and key vendors
The bakery and confectionery packaging machinery
Global market outlook for HVAC insulation
The global HVAC insulation market is estimated to exhibit steady growth and will post an impressive CAGR of over 7% by 2020. The recent increase in construction activities across the globe is a key factor leading to the strong growth of this market during the predicted period. It has been noted that the growth of the construction industry plays a significant role in boosting the global HVAC insulation market. New developments in the residential, commercial, and industrial sectors have increased the demand for HVAC systems, which subsequently translates into the demand for HVAC insulation to improve building efficiency. Also, recent innovations in building design and increased focus on energy efficiency for buildings have created an opportunity for HVAC insulation manufacturers to expand their foothold in the market. Since these systems find high application in the residential construction market, the recent rise in the installation of privately owned housing units has led to the increased demand for HVAC systems during the estimated period.
Globally, the market for HVAC insulation is dominated by the APAC region, where factors like rising investments in the real estate sector lead to the strong growth of this market. This region is envisaged to retain its dominating hold over the market by 2020 due to heavy investments in the development of land sites in Tier 1 and Tier 2 cities and rapid urbanization. Additionally, in this region, it has also been noted that nearly 200 million people are likely to shift to urban dwellings in the next decade. This recent shift to urban dwellings is a key factor that results in the high demand for HVAC insulation during the next four years.
Competitive landscape and key vendors
Global outlook of the electrical conductors market for the power industry
Technavio’s market research analysts predict the global electrical conductors market to grow steadily during the forecast period and post a CAGR of more than 6% by 2020. This industry research report identifies the increase in sales of high-voltage direct current (HVDC) submarine power cables to be one of the major factors that will have a positive impact on the growth of this market in the coming years. It has been observed that the HVDC power cables are the most preferable option for long distance and high-voltage safe power transfer. Due to their light-weight features, the utilities sector also prefers HVDC light cables over alternating current (AC) cables for various applications, especially in submarine power transmission. Several countries in Europe are focusing on increasing their infrastructure investments for the development of renewable energy projects. This will create the need to connect renewable energy sources to the grid network, which will demand the usage of HVDC power cables due to their properties such as low transmission loss. Since electrical conductors are one of the major components used in power cables, this increase in the adoption of HVDC power cables will significantly boost the demand for electrical conductors.
In addition to being lightweight, composites such as the Japanese aluminum conductor carbon fiber reinforced (ACFR), the US aluminum conductor composite reinforced (ACCR), and the US composite reinforced aluminum conductor (CRAC) can also withstand high temperatures and low knee points. This will enhance the efficiency and reliability of the electrical conductor and will, in