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Global market overview for EPC and EPCM services
Engineering procurement construction or engineering procurement construction management (EPC/EPCM) encompasses a vast array of services, which includes the conduction of basic feasibility studies via FEED at the project planning phase to the completion of construction projects. Such services are extensively used in the construction industry to derive value in terms of price, quality, and compliance with the regulatory framework. Substantial investments made by developing economies, especially countries like China and India, in infrastructure and industrial and building construction will aid in the growth of this market. Extensive research carried out by our industry experts has shown that the global market for EPC and EPCM services will grow at a CAGR of over 4% by 2020.
Among the different regions considered for estimating this market’s growth potential, APAC accounted for more than 40% of the total revenue generated. This trend is likely to continue due to the expected increase in investments and infrastructure development in China and India over the next five years.
Due to the strategic importance associated with construction projects, procurement has transitioned from rapid sourcing to category management. Consequently, category managers have been compelled to partner with EPC/EPCM firms that are technologically advanced and can provide innovative solutions with the design-to-value approach. The buyers of EPC/EPCM activities span industry sectors like governments, pharmaceuticals, healthcare, automotive, FMCG, media and entertainment, and retail.
We can customize reports by other regions and specific segments upon request
Overview of the global golf equipment market
According to the market research analysts at Technavio, the global golf equipment market will grow steadily and post a CAGR of approximately 2% by 2020. With the substantial growth of the golf tourism industry, the golf equipment market is anticipated to have a positive outlook in the coming years. There has been an influx of new regions that adopt golf as a sport; for instance, the GCC (Gulf Cooperation Council) and Caribbean countries have become popular for golf tourism due to the availability of state-of-the-art facilities. These countries will invest heavily in infrastructural enhancements pertaining to the game and host many international golf events and competitions. Some of the popular events include the Dubai Desert Classic, the Abu Dhabi Golf Championship, and the Qatar Masters. Moreover, the growing demand for golf tours will also lead to a rise in the prices for golf package, which will, in turn, contribute to this market’s growth in the coming years.
Market analysts predict that North America will dominate the market and will account for approximately 56% of the total market share by 2020. The increasing participation rate and golf activity will be an encouraging sign for the golf industry and, in turn, for the golf equipment market in the region. Moreover, the extensive promotions of golf events and competitions and sponsorship on social media will be one of the major marketing techniques used by the vendors to augment their market hold and draw customer attention.
Competitive landscape and key vendors
There is intense competition in the market, and players will need to distinguish their products and services by formulating a clear and unique value proposition to survive in the highly competitive environment. Businesses will continually develop new and upgraded products and competition in the
Overview of the global genetically modified (GM) seeds market
According to Technavio’s market research analysis, the global genetically modified (GM) seeds market will grow at a CAGR of almost 10% by 2020. GM seeds occupy more than 50% of the global commercial seeds market and include seeds like corn, soybean, cotton, canola, sugar beet, and wheat. These seeds have improved traits like high yields and resistance to adverse environmental conditions, pests, and herbicides. The genetically-modified seeds offer premium characteristics to increase yields, enable longer shelf life, and greater resistance to insects. The reducing size of arable land is the major growth driver for the implementation of GM crops, which will speed up the crop production process. Vendors in the market are coming up with several new GM crops which offer multiple modes of resistance to pests and diseases and increased tolerance to herbicides such as Vitamin A-enriched rice and wheat, drought tolerant maize, biofortified bananas, and pest resistant cowpea and beans.
North America will continue to dominate the market during the forecast period and is likely to occupy around 30% of the total market share by 2020. The growing adoption of biotechnology in agricultural practices is one of the latest developments in the North American market. With various advancements in GM seeds, this market has become innovative and is providing solutions to farmers for several environmental conditions like drought, salinity, and disease stress that affect the yield and production of many crops. The growing demand for GM corn and soybean seeds with HT and IR traits will help the market grow steadily in this region.
Competitive landscape and key vendors
The global GM seeds market is highly fragmented and consists of a vast number of large- and mid-sized
Global outlook of the laboratory sterilizers market
According to the market research analysts at Technavio, the global laboratory sterilizers market is expected to witness rapid growth at an impressive CAGR of more than 7% over the forecast period. The rising incidences of nosocomial infections are one of the important factors driving this market’s growth in the coming years. Nosocomial or hospital-acquired infection is contracted by an individual while receiving medical treatment at a healthcare facility. In the past decade, the number of nosocomial infections has been on the rise due to improper disposal and disinfection techniques employed in hospitals and clinics around the world. This has led several healthcare and safety authorities around the world mandating the use of disinfection tools and sterilizers in healthcare facilities, and ensuring proper waste disposal procedures.
With the advancements in technology, laboratory sterilizers are becoming smarter and more flexible, allowing them to function efficiently without minimal human input. These sterilizers can also be integrated to work in tandem with other devices or instruments in the lab. Products such as the CertoClave Essential have improved connectivity and allow data logging and remote monitoring of equipment functions and results. Monitoring the function of such equipment also allows predictive maintenance and easier troubleshooting, ultimately leading to better yield and longer life of the equipment.
Segmentation by technology and analysis of the laboratory sterilizers market
- Heat sterilizers
- Low-temperature sterilizers
- Ionizing radiation
Overview of the aquaculture market in China
The majority of the Chinese population prefers seafood because of its high nutritional value and easily digestible nature, and availability at low costs. They take these sea products in daily diets as they are more economical than animal protein and are also authentic and traditional. The increasing production of seafood in China and the rising awareness of seafood's nutritional value are increasing seafood trade in the region. Aquatic products like farmed salmon and shrimps are highly nutritious sources of food, consisting of a good amount of proteins, vitamins (A, B, and D), and minerals (iodine, iron, phosphorus, and zinc). They are also a significant source of Omega-3 fatty acids such as docosahexaenoic acid (DHA) and eicosapentaenoic acid (EPA). Moreover, the minerals and nutrients found in seafood also play a crucial role in the improvement of brain development and reproduction. The growing awareness about the high nutritive content of seafood will boost the growth prospects for the aquaculture market in China. Technavio’s market research analyst predicts that the aquaculture market in China will grow at a CAGR of around 3% by 2020.
The growing environmental concerns, preference for organic foods, and food safety issues have resulted in the increased emphasis on organic aquaculture. Organic aquaculture in China is primarily concentrated in regions like Zhejiang, Hainan, Mongolia, Jiangsu, Xinjiang, Liaoning, Hunan, Anhui, Fujian, and Shandong provinces. Around 200 operations spread across an area of roughly 400,000 hectares have received organic aquaculture certification in the
Overview of the global sports fishing equipment market
Sports fishing is gaining huge significance in places where several fishing associations like the American Sportfishing Association are encouraging people to increase their participation rate in this recreational activity through conducting several fishing programs and events. The rising popularity of sports fishing has propelled several governments across the globe to focus on fishing development. Many key nations like the US and the UK are increasing their fishing platforms, which can improve access to water bodies to fish in, and make it a more social sport. With the fishing activity gaining grounds along canals and reservoirs, development of platforms on these water bodies is a necessity. Technavio’s market research analyst predicts the global sports fishing equipment market to grow at a CAGR of around 3% by 2020.
The Americas is the largest revenue-generating region in the market and will account for more than 45% of the total market share by 2020. Factors such as the presence of over 70 million anglers and the best fishing destinations are the primary factors for this region’s growth during the forecast period.
Competitive landscape and key vendors
The market is dominated by a few large vendors. It also provides huge opportunities for the vendors to explore as the sport becomes increasingly sought-after across the globe. Many vendors are expanding their business into new markets across the globe and are increasingly involving in merger and acquisition strategies.
Leading vendors in the market are -
- Eagle Claw
- Newell Brands
Other prominent vendors in the sports fishing equipment market include 13