Global Intelligent Virtual Assistant Market size worth over $11bn by 2024

Intelligent Virtual Assistant Market size is expected to exceed USD 11 billion by 2024; according to a new research report by Global Market Insights, Inc.

Growing focus on customer engagement to enhance user experience is expected to drive the intelligent virtual assistant market size in the future. Virtual assistants are deployed in mobile devices, enterprise websites, and social media that enable them to have constant communication with clients. For instance, companies install them to provide brand or product information to clients. In addition, it helps in promotions by asking new users to sign in to the company's loyalty account. Customer engagement solutions emphasize on providing enhanced direct experience and help companies to increase revenue and improve customer satisfaction and retention.

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Growing focus on streamlining business activities to lower the overall operating cost will also propel the intelligent virtual assistant market size. IVAs have application across several business processes such as interviewing, employee training and advertising that allow enterprises to minimize the cost.

With the help of smartphones and other mobile devices, tasks such as checking in with staff, location based reminders, searching through emails, and scheduling meetings makes the work life of the employee more efficient. Thus, the increasing penetration of mobile devices is expected to provide a fillip to the intelligent virtual assistant market share.

Browse key industry insights spread across 180 pages with 130 market data tables & 100 figures & charts from the report, “Intelligent Virtual Assistant (IVA) Market Size By Technology (Speech Recognition, Text-To-Speech, Voice Recognition), By Service (Customer Service, Marketing Assistant), By Application (Automotive, BFSI, Retail, IT & Telecom, Healthcare, Education), By End-Use (SMBs, Large Enterprises, Individual Users), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/intelligent-virtual-assistant-iva-market

Key insights from the report include:

• Speech recognition is expected to witness significant growth with a CAGR of over 37% from 2016 to 2024 owing to the high demand for speech recognition technology across the medical and automotive applications.

• Moreover, increasing focus of technology giants including Microsoft and IBM to minimize the error rate is expected to significantly contributes towards high intelligent virtual assistant market share. The ability to covert a person's voice into a recognizable data pattern is projected to propel the demand for voice recognition over the coming years.
   
• IVA market share as service assistant is anticipated to witness high adoption over the future as it is capable of assisting businesses on customer requirements and work flow balance, thereby, delivering immediate productivity. Intelligent virtual assistant market share as customer assistants is projected to grow considerably at nearly 35% CAGR over the forecast timeline.
   
• The technology provides advantages such as enhance support, low operating cost, high customer satisfaction, personalized service to customers, multiple language & device support. Furthermore, it proves to be a key differentiator that increases consumer loyalty, income and sales.

• Intelligent virtual assistant market size is expected to witness significant demand across the retail industry owing to the features they offer such as responding efficiently to consumers queries and issues in a cost-effective manner. IVA offer personalized and expert service to customers irrespective of time, geography and channel without any sale support. This increases consumer satisfaction and lowers cost, which is expected to impel demand over the next few years. 

• Enterprises are witnessing high adoption rate as it provides user friendly self-service feature which is much faster and convenient as compared to talking to a live agent. High IVA market adoption rate is further accredited to increasing focus on customer satisfaction and cost reduction. 

• For instance, Nuance’s Nina is the first virtual integrated assistant in the UK insurance sector. Dominos Pizza’s ‘Dom’, ING Bank’s ‘Inge’, and JetStar Airline’s ‘Jess’ are virtual assistants designed to deliver a convincing, multi-channel, automatic customer service experience for the enterprise and consumer segment. 

• U.S. intelligent virtual assistant market size contributed significantly to the overall revenue in 2015, with CAGR forecast to exceed the global average. 

• Companies contributing to the intelligent virtual assistant market share include IBM Corporation, Nuance, Clara Labs, InteliWISE, eGain Communications, Creative Virtual, CX Company, 24/7 Customer Inc., Artificial Solutions and Anboto among others.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology. 

Rising demand from hospitality and retail sectors to drive (mPOS) mobile POS terminals market trend

An mPOS (mobile point of sale) is a tablet, smartphone or a wireless equipment which performs operations of cash register or electronic point sale terminal. Its execution allows sales and service sectors to carry out monetary deals in place and enhance user experience. It can be inexpensive allowing small firms to carry out business deals instead of investing in an electronic register.

Based on the software, an mPOS can function as a separate equipment which is normally connected to business bank account or can be a unified part of a bigger POS (point of sale) system.

As per the reports published by Global Market Insights, global mobile POS terminals market size contribution was $11.55 billion in 2015 and is projected to record a CAGR of about 19.1% during forecast timeline. Rise in inexpensive wireless communication techniques is stimulating industry growth during forecast timeline.

Industry Trends

Rising demand from end use sectors like hospitality sector and retail sector is expected to boost industry expansion. mPOS devices are used in retail as well as hospitality sectors for enhancing user experience by preventing delays in processing of payments.

Global (mPOS) Mobile POS terminals industry makes use of wireless devices to pay for products and services. Utilizing wireless systems can modernize many procedures like rental cabs, restaurants and purchasing food in stores. They help in reducing cost per each transaction in telecommunications industry by utilizing Wi-Fi devices, CDMA technologies and GPRS systems.

Brazil Mobile POS Terminals Market size, by application, 2012 - 2023 (USD Billion)

Global acceptance of the equipments along with compatible software provide firms with portable sale convenience. Furthermore, these wireless systems enhance worker efficiency and eradicates time delay in sales and services.

However, data security concern is a main challenge that has badly hindered the global (mPOS)mobile POS terminals market expansion and is also predicted to remain as an area of concern even during forecast period.

Component Trends

Global (mPOS)mobile POS terminals market is segmented into software components and hardware components.

Software components segment is projected to exceed $9.6 billion and register a CAGR of higher than 22.1% by end of forecast timeline.

Intelligent and proficient software synchronizes/co-ordinates screen terminal and barcode scanner functions to restore data as well as backup. It can also handle customer loyalty programs and detect purchasing patterns. All these factors are predicted to boost segment demand and growth.

Hardware segment is projected to record CAGR of about 18.1% during forecast timeline.

Application Trends

Global (mPOS) mobile POS terminals market is segmented into retail application, entertainment, healthcare, restaurant, warehouse and hospitality.

Retail application segment contributed higher than 30.1% to global industry share of 2015 in terms of revenue and is anticipated to record CAGR of about 17.9% during forecast timeline.

Entertainment segment is anticipated to touch revenue mark of about $4.36 billion by end of forecast timeline. It consists of amusement parks, casinos and tourism and all of these require robust mPOS terminal systems to attract customers.

Regional Trends

Global (mPOS) mobile POS terminals market is segmented into North America, Asia Pacific, MEA(Middle East & Africa), LATAM (Latin America) and Europe.

North American industry is anticipated to record a CAGR of 18.4% during forecast period and is fueled by U.S. mobile POS terminals industry growth.

Europe (mPOS)mobile POS terminals market price was higher than $3.1 billion in 2015.

Rise in number of consumers due to increase in small & medium sized firms and diminishing ownership costs is anticipated to favorably affect Asia Pacific (mPOS) mobile POS terminals industry trends.

Competitive Trends

Key industry players include QVS Software Incorporation, Zebra Technologies, First Data Corporation, Oracle Corporation, Ingenico S.A., Panasonic Corporation, HP Company, NEC Corporation, Posiflex Technology Incorporation, PAX Technology Limited and Verifone.

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Personal protective equipment (PPE) market growth is driven by strong awareness level about employee safety in industries

Overview

Global Personal Protective Equipment Market size is projected to contribute $67.68 billion by 2023 and is projected to record 7.31% CAGR. Strong consciousness level about employee health & safety coupled with enhanced rate of fatalities in industries, specifically across unregulated industries owing to protective gear unavailability is anticipated to promote personal protective equipment (PPE) industry trends during forecast timeline.

India Personal Protective Equipment (PPE) market size, by product, 2015

Technological breakthroughs concentrating on low cost sustainable products are predicted to ensure a steady PPE market price trend and maintain industry expansion as well as penetration. Strong infrastructure and monetary indictors in developing nations like China and India are anticipated to propel personal protective equipment market growth in coming years. OSHA (Occupational Safety & Health Administration) security rules, primarily across U.S. and Europe is predicted to propel industry expansion.

Read full market research report “Personal Protective Equipment (PPE) Market Size By Product (Head, Hearing Protection, Hand Protection, Protective Clothing, Eye & Face Protection, Protective Footwear, Respiratory Protection, Fall Protection), By Application (Construction, Oil & Gas, Manufacturing, Chemicals, Pharmaceuticals, Food, Transportation), Industry Analysis Report, Regional Outlook (U.S., Germany, UK, France, Russia, China, India, Japan, Brazil), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023 “, please click on the link below:

 https://www.gminsights.com/industry-analysis/personal-protective-equipment-PPE-market

Product Trends

Global personal protective equipment market is fragmented into various products like fall protection, head, hand protection, respiratory protection, eye & face protection, hearing protection, protective clothing and protective footwear.

Hand protection segment contributed about $8.8 billion in 2015 and is projected to accrue higher than $14.10 billion revenue by forecast period.

Fall protection application segment is projected to record 7.10% CAGR during forecast timeline.

Protective clothing application segment is projected to exceed $15.1 billion revenue by forecast timeline. Strong rules towards lessening of injury from fire, nuclear risk or chemical is predicted to play a vital part in segment expansion.

Protective footwear segment is projected to gain maximum global personal protective equipment (PPE) market share and is projected to contribute higher than 18.1% of total revenue by end of 2023.

Application Trends

Global personal protective equipment market is segmented into applications like transportation, construction, chemicals, food, oil and gas, production and pharmaceuticals.

Production application segment contributed greater than 20.1% revenue in 2015. Transportation application segment can provide many growth avenues with PPE industry revenue projected just below $5.1 billion for 2015. Construction segment which is an expanding segment is projected to record CAGR of about 7.6% by end of forecast timeline. Overhead expenses related with workplace contingencies will enhance penetration of product in the segment in future.

Oil and gas segment size was greater than $6.1 billion for 2015 and is projected to witness revenue higher than $11.1 billion by 2023.

Regional Trends

Global personal protective equipment market is segmented into various geographical locations like North America, Middle East & Africa, Europe, Asia Pacific and Latin America.

U.S. PPE industry share was projected to surpass $12.1 billion for 2015. Growing occupational rate of fatality coupled with rising requirement for strong automatic wear resistant and utility gears across primary sectors is projected to stimulate industry expansion.

Europe, led by Germany PPE market share, is anticipated to experience reasonable expansion in future, mainly owing to feeble economic pointers and slow manufacturing index across the region.

Asia Pacific, specifically influenced by China and India personal protective equipment(PPE) market expansion, is expected to be most attractive industry destination, with revenue predictions higher than $13.1 billion during forecast timeframe.

Middle East & Africa and Latin America PPE industry size is anticipated to expand higher than 7.1% during forecast timeline.

Competitive Trends

Key industry participants profiled in this report includes Mallcom, Alpha Pro Tech Limited, Ansell Limited, DuPont, 3M Company, Avon Rubber p.l.c, Honeywell, Rock Fall Limited, MSA Company, Radians and Polison.

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  Information Source: Global Market Insights, Inc

Insulated concrete form market growth is driven by rising demand for natural disaster resistant construction

Overview

Global Insulated Concrete Form Market size contributed higher than $471 for 2015 and is anticipated to record CAGR of about 8.1% during forecast timeline. Large number of homebuilders are turning to green building due to factors like growing health concerns, customer health awareness, quality of life, high power costs and depletion of natural resources. This has resulted in power efficacy, high quality construction and great air quality which is predicted to drive global insulated concrete form industry trends during forecast period.

North America UHD/4K panel market size by application, 2013-2024 (USD Million)

Furthermore, growing demand for natural disaster resistant construction and strict rules regarding power efficacy as well as lightweight substances particularly across developed areas is predicted to drive industry expansion. Middle East & Africa and Asia Pacific are experiencing substantial growth in construction expenditure and infrastructure spending and provide high future prospects for products.

But high product price as compared to price of wood is anticipated to hinder industry growth. However, enhanced consciousness among builders and new construction codes across European Union and U.S. is predicted to fuel insulated concrete form industry expansion in future.

Read full market research report “Insulated Concrete Form Market Size By Application (Commercial, Industrial, Infrastructure, Residential), By Material (Polystyrene Foam, Polyurethane Foam, Cement-Bonded Wood Fiber, Cement Bonded Polystyrene Beads, Cellular Concrete), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Poland, Russia, China, India, Japan, Australia, Malaysia, Indonesia, Thailand, Brazil, Argentina, Mexico, South Africa, UAE, Saudi Arabia, Qatar, Kuwait, Egypt), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 - 2024”, please click on the link below:

https://www.gminsights.com/industry-analysis/insulated-concrete-form-market

  

Application Trends

Global insulated concrete form industry is segmented into infrastructure application, commercial application, residential application and industrial application.

Residential application is predicted to be an important segment and contributed for more than 55.1% of global insulated concrete form market share for 2015. The segment is projected to cross 150 million sq. foot by end of forecast timeline. Also, the world population is projected to grow from 7.1 billion in 2011 to 9 billion by end of forecast timeline, further increasing demand for residential construction segment.

Industrial application segment is predicted to expand at rapid rate during forecast timeline owing to dynamic rules and regulations. About $80.1 trillion is predicted to be spent on this global application segment during forecast timeframe which is predicted to stimulate its demand.

Product Trends

Global insulated concrete form market is segmented into different products like cellular concrete, polystyrene foam, cement bonded polystyrene beads, polyurethane foam and cement bonded wood fiber.

Polystyrene foam is the biggest product segment and contributed more than 69.1% of global insulated concrete form industry share for 2015. The reasons for the segment growth can be credited to customer choice like power efficacy, structural security, low maintenance charges and comfort.

Polyurethane foam segment had experienced rapid acceptance in insulated concrete foam construction sector with revenue projected at more than $100.1 million for 2015. China is predicted to be the highest producer as well as regional customer for this segment.

Regional Trends

Global insulated concrete form industry is segmented into geographical locations like North America, Middle East & Africa, Asia Pacific, Latin America and Europe.

Asia Pacific, with biggest materials and construction sector all across the globe, remains an attractive destination, driven by India and China insulated concrete form market. It is predicted to expand at more than 10.1%.

Growing customer consciousness and strict regulations are predicted to stimulate U.S. insulated concrete form industry expansion. Canada is a big and stable construction sector with strong green building sector promoted by government policies and industry forces.

Europe insulated concrete form market contributed higher than $121 million for 2015 in terms of revenue. Middle East & Africa and Latin America insulated concrete form markets are comparatively new and this industry is today striving for creating consciousness in these regions.

Competitive Trends

Key industry participants profiled in the report include Durisol, Amvic Incorporation, BASF SE, Superform Products Limited, BuildBlock Building Systems, Standard ICF Corporation, Superform Products Limited, ICF Tech, PFB Corporation, Quad-Lock Building Systems Limited, Fox Blocks, Apex Block, IntegraSpec, Nudura Corporation, Bayer AG, Liteform Technologies, FXI-Foamex Innovations, Logix Insulated Concrete Forms Limited, Beco Products Limited, Conform Global, Integraspec, Future Foam Incorporation, ISM Sismo, Nudura Corporation, Tosoh Corporation and Plasti-Fab.

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  Information Source: Global Market Insights, Inc

(Ultra High Definition) UHD/4K panel market growth is driven by rapid technological breakthroughs to improve consumer viewing experience

Overview

Global (Ultra High Definition) UHD/4K Panel Market size contribution was more than $16.6 billion for 2015 and is predicted to expand at more than 11.1% during forecast timeline. Fast technical changes leading to high resolution, enhanced illumination and wide color range is projected to promote UHD/4K panel industry trends during forecast timeline. In addition to this, these equipments help in improving consumer viewing experience. Increasing efforts for developing 8K technology provides better resolution in comparison to 4K and this can fuel demand for product in future.
 

North America UHD/4K panel market size by application, 2013-2024 (USD Million)

In addition to this, rising number of platforms providing UHD contents is predicted to encourage producers to increase their offerings. In addition to this, predicted reduction in UHD/4K panel market price can enhance product demand substantially in future. Many advantages provided by the product comprise less energy consumption, light mass and durability. Changing consumer choices from big screens to improved display resolutions is predicted to propel UHD/4K panel industry growth during forecast period.

Favorable government policies like less import duties in nations like China and India can favorably affect product use. Furthermore, legislations forcing content makers as well as producers to conform with UHD Blue ray standards for promoting creation of contents is also predicted to positively affect industry growth during forecast timeline. 

Read full market research report “(Ultra High Definition) UHD/4K Panel Market Size By Technology (LCD, LED/OLED), By Application (Televisions, Personal Computers, Smartphones, Digital Display Screens), Industry Analysis Report, Regional Outlook (U.S., UK, Germany, China, Japan), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024”, please click on the link below:

https://www.gminsights.com/industry-analysis/ultra-high-definition-UHD-4K-panel-market

Technology Trends

Global UHD/4K panel industry is segmented into various technologies like OLED (organic light emitting diode) or LED (light emitting diode) and LCD (liquid crystal display). OLED segment contributed more than 40.1% of total output for 2015 and is projected to record CAGR of about 8.9% during forecast timeframe. Segment expansion can be credited to rising integration of the equipments into tablets and mobiles.

LCD segment is predicted to touch approximately about $18.1 billion by end of forecast timeline. Less energy consumption provided by the systems is predicted to fuel UHD/4Kpanel industry share during forecast timeline.

Application Trends

Global UHD/4K panel market is segmented into different applications like digital display screens, televisions, smart phones and personal computers. Televisions led the application segment with greater than 55.1% revenue produced for 2015 and is anticipated to register a CAGR of more than 11.1% during forecast timeline. The growth can be credited to factors like rising use of product in television systems due to increasing demand for best picture quality to enhance consumer viewing experience.

Digital display screens segment is evaluated at more than $4.1 billion for 2015. Segment expansion can be credited to growing demand for publishing, advertising and signage along with extensive utility of big UHD displays in digital applications like cinema complexes, music and sports activities.

Retail segment is predicted to record significant growth and promote the product brands. These equipments help dealers to demonstrate their current product offerings with details and this can propel in expanding consumer base.

Regional Trends

Global UHD/4K panel industry is segmented into various geographical regions like North America, MEA, LATAM, Europe and APAC.

North America UHD/4K panel industry is predicted to contribute more than $19.1 billion by end of forecast timeframe. U.S. UHD/4K panel market is expected to make maximum contribution to the North America UHD/4K panel industry share. Factors predicted to contribute towards the regional industry growth are quick acceptance of new technology as well as growing customer base.

APAC UHD/4K panel market share contributed about 20.1% of the overall revenue share of the industry for 2015 and is projected to record CAGR of about 11.7% during forecast timeline. Presence of many original equipment manufacturers all around the region is expected to enhance the industry expansion in future.

Competitive Trends     

Key industry participants profiled in the report include Toshiba Corporation, Hisense Group Company Limited, AU Optronics Corporation, Koninklijke Philips N.V., Panasonic Corporation, Samsung Electronics, Sony Electronics Incorporation, BOE Technology Group Company Limited, Innolux Corporation, LG Display Company Limited, Haier Group and Sharp Corporation.

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  Information Source: Global Market Insights, Inc

Outdoor LED display market growth is driven by new technological innovations and wireless connections for billboards

Industry Insights

Global Outdoor LED Display Market size contribution was higher than $2.6 billion for 2015 and is projected to record CAGR of more than 20.1% during forecast timeline. Key installation advantages include modern features like power efficacy, high definition resolution, portability, brightness, longevity and good pixel. All these factors are predicted to boost industry demand.

 Asia Pacific outdoor LED display market size, by application, 2013-2024 (USD Million)

Rising demandfor modern applications like perimeter boards, video walls and advertising boards is predicted to promote outdoor LED display industry trends during forecast timeline. Rising demand for wireless connections for billboards and high resolutionsigns ideal for customized contents as well as heavy pedestrian traffic regions are predicted to play main part in the expansion of LED (light emitting diode) display technology. Mobile outdoor commercialis projected to play an important part in this LED technology. In addition to this, benches, phone kiosk ads and new racks applications are projected to display heavy demand for LED display technology. All these factors are anticipated to boost global outdoor LED display industry growth.

Technological breakthroughs are predicted to lead to positive outdoor LED display market price trends in future.

Read full market research report “Outdoor LED Display Market Size By Application (Perimeter Boards, Billboards, Mobile Panels, Video Walls, Traffic Lights, LED Matrix Boards), By Technology (Surface Mounted, Individually Mounted), By Color Display (Tri-Color, Monochrome, Full Color), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, China, Mexico, Brazil), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024”, please click on the link below:

https://www.gminsights.com/industry-analysis/outdoor-LED-market

 Application Insight

Global outdoor LED display industry is segmented into video walls, perimeter boards, LED matrix boards, traffic lights, mobile panels and billboards.

Billboards segmented contributed more than 40.1% of revenue for 2015 and is predicted to record CAGR of 24.9% in future. Segment expansion is credited to many features provided by the technology like unbelievableprominence, price effectivity and dynamic contents.

Traffic lights segment is projected to register CAGR of more than 19.1% during forecast timeframe.

Technology Insights

Global outdoor LED displaymarket is segmented into individually mounted technology and surface mounted technology.

Individual mounted technology contributed more than 55.1% of the global outdoor LED display market share for 2015. Growing demand for big screens with high observingdistance is projected to inspiredealers and builders to acceptthe technology. Further, it produces less heat and offers long life spanas compared to traditional equipments. Also, it offers bright illuminated display predicted to provide higher readability as compared to traditional signs and billboards. All these factors have added to the segment growth.

Surface mounted technology segment is projected to display significant development prospects and is predicted to provide tough competition to individual mounted technology segment in future.

Color Display Insights

Global outdoor LED displayindustry is segmented full color display, tri-color display, interactive visualization display, interactive floor display and monochrome display.

Growing acceptance of full color prototypes due to its capability to display high quality videos, images and animations is predicted to drive full color display segment expansion.

Tri color display segment is predicted to record CAGR of 22.4% during forecast timeline. The segment growth can be credited to growing acceptance of this projection technique in scoreboards and digital signage.

Interactive visualization technology showsdataby using interactive pictures. Screens using this display technology are predicted to be installed at many public locations like bus stops and railway stations during forecast timeline. Increasing trendtowards interactive media supporting three-dimensional format can favorably affect expansion.

Interactive floor displays are particularly used in entertainment industry and are also available in malls, sports halls, theme parks and hotels. All these factors are predicted to significantly enhance the demand for the segment.

Regional Insights

Global outdoor LED displaymarket is segmented into geographical locations like APAC, North America, MEA, LATAM and Europe.

APAC outdoor LED display industry size contributed greater than $1.1 billion for 2015 and is projected to register CAGR of about 25.1% during forecast timeline. The growth of the region can be attributed to increasing amount of sports activities coupled with infrastructural growth across developing nations like China and India.

U.S. outdoor LED display market share contributed higher than half of the regional revenue for 2015 and is predicted to be evaluated more than $2.6 billion by end of forecast timeline. The regional industry expansion is credited to increasing demand for customized services coupled with rising use of technology in streets of New York and Times square.

Competitive Insights

Key industry players profiled in the report include Leyard Optoelectronic, Daktronics, LG Electronics, Electronic Displays, Sony,Toshiba, Shenzhen Dicolor, Optoelectronics, Lighthouse Technologies and Barco NV.

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Information Source: Global Market Insights, Inc

Fluorotelomers market growth is driven by strict global norms to discourage use of perflurooctyl sulfonate products

Industry Insights

Global Fluorotelomers Market size contribution was more than 26 kilotons for 2015 and projected to record CAGR of more than 12.6% during forecast timeline. Ecological hazards related to perflurooctyl sulfonate (PFOS) use has led to execution of strict norms. Increase in fire security awareness along with regulatory compliance by European Union and U.S. Environmental Protection Agency expected to discourage use of perflurooctyl sulfonate products are some of the main factors projected to promote global fluorotelomers industry trends.

MEA fluorotelomers market size, by application, 2015 (USD Million)

Growth of textile sector in countries like Bangladesh, China, Pakistan and India along with favorable regulations to enhance production at regional level are few driving factors projected to promote industry growth.

But key raw substances, tetrafluoroethylene, vinylidene fluoride, hexafluoropropene and chlorotrifluoroethylene can face control in output and use owing to their harmful properties. This can lead to tight supply of these chemical compounds and can severely affect fluorotelomers market price globally.Technological breakthroughs in particular applications like electronics, surfactants & repellants, biological, optics, liquid crystal additives and pharmacological can generate more avenues for global fluorotelomers industry growth.

Read full market research report “Fluorotelomers Market Size By Product (Fluorotelomers Iodide, Fluorotelomers Acrylate, Fluorotelomers Alcohol), By Application (Textiles, Stain resistant, Food packaging, Firefighting foams), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023”, please click on the link below:

https://www.gminsights.com/industry-analysis/fluorotelomers-market

Product Insights

Global fluorotelomers industry segment was segmented into products like fluorotelomers alcohol, fluorotelomers iodide and fluorotelomers acrylate. Fluorotelomers alcohol (FTOH)segment contributed more than $112 million for 2015. Increase in domestic expenditure in Qatar, India, Kuwait and China due to fast urbanization and lifestyle changes can promote regional demand during forecast timeline. Nigeria and South Africa are promising nations that witness large scale consumption of fluorotelomers alcohol owing to growing significance of surfactants to elevate FTOH production.

Fluorotelomers iodide (FI) segment is expected to observe highest rate of expansion with projected gains of more than 13.1% during forecast period. Enhanced chemical stability, low surface power and improved surface lubricity were main features predicted to improve segment demand. Rising construction and electronics sector is anticipated to promote segment demand.

Application Insights

Global fluorotelomers market is segmented into textile application, fire-fighting application, food & beverages packaging application and stain resistant application.Textile application segment contributed more than $126 million for 2015. Fluorotelomers are utilized in medical textiles and textiles therapy to enhance stain resistance caused due to dust, solvents and chemicals. Rising chemical agent reputation in textile sector to impart wetting as well as impregnate features were some of the factors influencing segment growth.

Heavy demand from regional sector for various kind of textiles due to rise in disposable incomes and standard of living of the people in these regions are few of the aspects predicted to stimulate textile application segment growth. Re-ignition resistance and reduction of fire spread as well as smoke pollution along with thermal & chemical stability are few of the main features expected to increase demand for fire-fighting application segment.

Food & beverages packaging application segment is expected to register CAGR of more than 11.1% during forecast timeline. Fluorotelomers possess property of grease resistance that makes them preferable to be utilized in fast food wrapper packaging, pizza box liners, candy wrappers and microwave popcorn bags. Food retail growth along with changing food habits can propel industry growth in this segment.

High expenditure on food & beverages packaging activities for enhancing product quality and attract customers by offering premium products are few factors predicted to drive demand for segment.Paper production all across the globe was projected at more than 401 million tons for 2013 with APAC contributing about 45.1% of overall industry size. Growing demand for glossy paper magazine owing to its outstanding feature like aesthetic display and property to absorb additional oil in food & beverages packaging segment is anticipated to promote fluorotelomers market demand & growth in packaging segment.

Regional Insights

Global fluorotelomers industry is segmented into geographical locations like MEA, APAC, Latin America, Europe and North America. APAC, driven by India and China fluorotelomers market, led the regional demand and produced revenues more than $157.1 million for 2015. Foreign direct investments and government support for textile sector were key factors driving demand for the region.

Europe fluorotelomers market share was more than $15.1 million for fire-fighting foam application during 2015. European industry which is driven France, Germany and Italy fluorotelomers market growth is projected to register CAGR of more than 12.1% during forecast timeline.

Competitive Insights

Key industry participants profiled in the report are Wilshire Technologies, AGC Chemicals America, Daikin America, Sigma -Aldrich Corporation, Fluoryx Incorporation, AGC Chemicals, TCI Chemicals, Dynax Fluorochemicals, The Chemours Company, Indofine Chemical Company Incorporation and Archroma.

 Download a sample copy of this report : https://www.gminsights.com/request-sample/detail/407

Information Source: Global Market Insights, Inc

Europe industrial air filtration market growth is driven by strict emissions norms and health & safety policies

Overview

Europe Industrial Air Filtration Market size was evaluated at $1.1 billion for 2014 and is anticipated to surpass $1.9 billion mark by end of forecast timeframe registering a CAGR of 7.91%. Legislations related to food safety along with retailer production standards and conventions of practice for high risk food production offers opportunities for industry expansion.

Germany industrial air filtration market size by application, 2012 - 2022 (USD Million)

Growing responsibility on part of food producers to recognize and control potential risks by using risk assessment system like HACCP (Hazard Analysis Critical Control Point) also offer industry growth avenues.Strict rules and different government norms regarding emission control are anticipated to be key factors stimulating Europe industrial air filtration industry growth during forecast timeframe. Legal enforcements related to health & safety policies are predicted to propel product demand in future.

Read full market research report “Europe Industrial Air Filtration Market Size By Application (Cement, Power, Food, Metals, Pharmaceuticals), By Product (Dust Collectors, HEPA Filters, Mist Collectors, Baghouse Filters, Cartridge Collectors & Filters), By Country (Germany, UK, France, Italy, Turkey, Sweden, Spain, Poland), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2015 – 2022”, please click on the link below:

https://www.gminsights.com/industry-analysis/europe-industrial-air-filtration-market

Product Trends

Europe industrial air filtration market is segmented into varied products like mist collectors, cartridge collectors & filters, dust collectors, baghouse filters and HEPA filters.Mist collectors segment is predicted to record CAGR of 8.11% during forecast timeframe.Dust collectors segment contributed more than 20.1% of total revenue and is predicted to register CAGR of 7.81% during forecast timeframe. Further, they provide numerous advantages like low functional costs, enhanced productivity and health & safety of workers. All these factors are predicted to fuel industry growth.

HEPA filters segment is predicted to dominate the Europe industrial air filtration industry during forecast timeframe. Use of these filters in food & beverages and pharmaceuticals to prevent bacterial infection as well as air quality maintenance are few of the factors predicted to contribute towards segment growth. Rising demand for products delivering high performance and enhanced efficacy along with less power consumption is predicted to positively affect Europe industrial air filtration market during forecast timeframe.

Application Trends

Europe industrial air filtration industry is segmented into various applications like pharmaceuticals, cement, metals, food and power.Cement sector contributed more than 12.1% of Europe industrial air filtration industry share for 2014 and is predicted to record CAGR of 7.61% during forecast timeline.

Food, metals and power sectors are predicted to be high growth end users sectors for the industry. Strict norms regarding dust emission limit are predicted to key growth drivers for these sectors.

Country Trends

UK industrial air filtration industry is predicted to register CAGR of about 7.51% during forecast timeline. Regions like Greater London and South East London contribute maximum revenue share in UK due to rising amount of households, growing GDHI( Gross Disposable Household Income) and consciousness about air contamination. Germany contributed significantly to the overall Europe industrial air filtration market share for 2014. HEPA filters are predicted to experience expansion in the region during forecast timeline. Rising expenditure on food & beverage sector in Germany coupled with significant amount of metal processing sectors is predicted to offer a boost to regional revenue production.

 Competitive Trends

Major industry participants like Camfil, Clarcor and Donaldson Company contributed for more than half of Europe industrial air filtration industry share for 2014. Industry is featured by tough competition with few key industry players concentrating on mergers & acquisitions to enhance their industry share. Technological breakthroughs and growth of inexpensive filtration solutions is also predicted to positively affect industry growth in future.

Key industry players profiled in the report include Andrew Industries, Testori, AAF, TEKA, Mahle, Purafil, Mortelecque, Pall Corporation, Keller Luftechnik, W.L. Gore, Camfil, iFil, Clarcor Incorporation, Freudenberg, Flanders Corporation, Absolent Group & Bristol, BWF, Cummins Filtration, Donaldson Company, Flow Air Filters, Gutsche, Kayser, Kemper, Losma, Mann Hummel, Nederman, Nordic Air Filtration, Plymovent, SPX Corporation, TTL and Vokes Air.

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Information Source: Global Market Insights, Inc

Air compressor market growth is driven by substantial demand across construction sector and industrial applications

Industry Insights

Global Air Compressor Market size is projected to be valued at $39.29 billion for 2023 and register CAGR of 3.61% during forecast timeline. Significant demand across number of industries is predicted to be the main industry growth factor.

U.S. air compressor market size, by application, 2012 - 2023 (USD Million)

These equipments act as reliable sources of energy for construction sector tools and industrial applications. Increasing raw material costs are projected to directly affect air compressor industry price trends.Key air compressor market trends include rising acceptance of remote sensing technique to check performance, save power and provide reliability. Increasing power efficacy measures are anticipated to drive industry growth and display product growth initiatives.

Read full market research report “Air Compressor Market Size By Technology (Screw/Rotary, Reciprocating, Centrifugal), By Product (Portable, Stationary), By Lubrication (Oil Free, Oil Filled), By Application (Home Appliances, Food & Beverage, Oil & Gas, Energy, Semiconductors & Electronics, Manufacturing, Healthcare), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023”, please click on the link below:

https://www.gminsights.com/industry-analysis/air-compressor-market

Technology Insights

Global industry is segmented into various technologies like centrifugal technology, rotary technology and reciprocating technology.Rotary Technology contributed greater than 45.1% of the overall revenue production for 2015. While centrifugal technology is predicted to register CAGR of more than 4.1% during forecast timeframe. Reciprocating air compressor industry is projected to cross $8.1 billion by end of forecast timeline.

Product Insights

Global air compressor market is segmented into various products like stationary air compressors and portable air compressors.Portable air compressors segment contributed greater than 40.1% of global industry share for 2015 and is predicted to experience expansion in future. Favorable government policies on power conservation and growing customer consciousness are projected to stimulate the demand during forecast timeline. In addition to this, rising demand for improved air quality is anticipated to promote the segment growth.

Lubrication Insights

Global air compressor industry is segmented into various lubricants like oil filled lubricants and oil free lubricants.Oil filled lubricants are predicted to dominate the lubricant segment for a long time. Oil free air compressor market share surpassed $10.1 billion for 2015. Reduced maintenance costs, retrofit demand, variable speed device acceptance and retrofit demand are factors projected to promote segment growth.

Application Insights

The industry is segmented into varied applications like healthcare, home appliances, oil & gas, production, food & beverage, energy and semiconductors & electronics. The production segment is predicted to dominate air compressor market in future with more than 35.1% of global industry share.

In food & beverage segment, air compressors find applications in manufacturing processes like boxing & packing items, cooling food items and pressurize transportation with pure air.

In oil & gas segment, these devices ensure long membrane service life and prevent potential shutdowns as well as expensive substitutions of nitrogen blankets needed in LNG tankers and transfer stations. Further, they also encourage errorless functions of old devices and avoids oil pollution that can harm responsive controls.

Regional Insights

Global air compressor market is segmented into various geographical regions like North America, MEA, Europe, APAC and Latin America.APAC air compressor industry is expected to expand by more than 4.6% during forecast timeframe.India and China are predicted to contribute substantially towards regional industry share.Demand for air compressors is predicted to remain moderate in Europe and North America during forecast timeframe.

Competitive Insights

Key industry participants profiled in the air compressor industry report include Bauer Group, Heynar, Cook Compression, General Electric, Ingersoll Rand, MAT Industries, Sullair Corporation, Chicago Pneumatic, Atlas Copco, Vanair, Hoerbiger, Gardner Denver, AireTex Compressors, VMAC Company, Frank Technologies, Parker, BelAire Compressors, CPI, Galaxy Auto Service Equipment Company Limited, Gast Manufacturing, Grainger Company, Hitachi Industrial Equipment Systems Company Limited, Kaeser Compressors, Oasis Manufacturing, Rolair Systems and Zen Air Tech Private LimitedThese key players focus on mergers & acquisitions and invest substantially in research & development events to launch new products in global air compressor market.

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Information Source: Global Market Insights, Inc

Automotive filters market growth driven by rising consumer demand and highly stabilized fuel performance

Overview

Global Automotive Filters Market size was more than $5.1 billion for 2015 and is predicted to be evaluated at more than $9.51 billion by end of 2023 registering CAGR of 8.41% during forecast timeline. Automotive filter helps in extending engine life as it effectively traps debris and dirt that harms internal engine parts like pistons and cylinders. This device helps appropriate air flow to engine, thereby maintaining air-fuel mix. Suitable air flow helps engine to operate perfectly and this minimizes fuel consumption as well as emissions. All these factors has enhanced the demand for these filters and has encouraged automotive filters manufacturers to increase their production.

Ecological problems caused due to emissions of hazardous gases in traditional vehicles has created requirement to produce ecological friendly substitutes. Electric vehicles sector is predicted to witness high expansion prospects due to rising consumer demand for less functional costs & maintenance costs in comparison to fuel powered automobiles. This is predicted to pose a threat to global automotive filters market expansion during forecast timeline.

China Automotive Filters Market size, by product, 2012-2023 (USD Million)

Regular substitution is predicted to result in enhanced fuel mileage by about 14.1%. Further, substituting a blocked air filter can increase speed by 6.1% to 11.1% on fuel injected automobiles. In addition to this, this product displays potential ability for gas mileage improvement and helps in minimizing emissions. Capacity to block waste, dirt and pollution from entering into fuel lines along with highly stabilized fuel performance and economy are few of the factors predicted to propel automotive filters market trends.

Increasing innovation along with growing consumer demand for added features has boosted industry growth. Favorable rules and support from agencies like U.S. Environmental Protection Agency (EPA) and CCC (Civilian Conservation Corps) is predicted to affect industry expansion.

Read full market research report “Automotive Filters Market Size By Product (Air [Intake, Cabin], Fuel, Oil), By Application (Passenger Cars, Light & Heavy Commercial Vehicles, Two Wheelers), By End-Use (OEM, Aftermarket), Industry Analysis Report (U.S., Germany, UK, China, India), Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023”, please click on the link below:

https://www.gminsights.com/industry-analysis/automotive-filters-market

Product Insights

The industry is segmented into various products like fuel filters and automotive air filters.

Automotive air filters segment is predicted to maintain its domination and expected to register 7.81% CAGR during forecast timeline. Rising health ailments owing to polluted cabin air coupled with increasing consciousness about high quality air is anticipated to propel industry demand. Fuel filters segment is predicted to register CAGR of about 10.51% during forecast timeframe. Rising demand for two wheelers and passenger cars specifically in BRICS nations is predicted to promote the segment growth.

Growing health concerns among world population along with rising rates of pollution is predicted to influence demand and use of these products. Further, rising consciousness about fuel filtration & oil filtration significance for long life span of vehicles are few of the factors driving product demand. In addition to this, new technological breakthroughs and product innovations have made substantial contribution towards the growth of these product segments.

Application Insights

Global industry is segmented into different applications like two wheelers and passenger cars.

Two wheelers segment is predicted to register more than 8.51% CAGR during forecast timeline. Expansion of the segment can be credited to its rapidly increasing demand from developing regions like China and India. Significant aftermath of these automobiles in BRICS nations is predicted to boost segment growth.

Passenger cars segment is predicted to contribute more than half of the global automotive filters market share for 2015. Increasing customer disposable income is projected to promote the demand for these cars. In addition to this, growing health disorders owing to inappropriate cabin ventilation is expected to favorably affect segment demand during forecast timeframe.

End Use Insights

The industry is segmented into various end user applications like automotive filters aftermarket and Original equipment manufacturer (OEM). Automotive filters aftermarket segment contributed about $ 3.72 billion for 2015 and is predicted to expand by more than 70% by end of forecast period. Rising demand for replacement filters is expected to drive the segment growth and demand.

Original equipment manufacturer (OEM) segment is anticipated to witness substantial development in future. Concerns about deployment of aftermarket product is the key factor driving segment growth. Further, OEM products can provide benefits like annihilation of guarantee issues and potential quality issues while aftermarket deployment helps in increasing efficacy and promotes use of perfect media filtration.

Regional Insights

Global automotive filters market is segmented into key geographical regions like North America, Europe, MEA, APAC and Latin America. APAC contributed more than 45.1% of overall revenue and is predicted to register CAGR of more than 9.1% during forecast timeframe. Expansion of automobile sector in nations like Japan, China and India is predicted to promote industry demand.

European industry share is predicted to be more than $2.1 billion by end of 2023. Strict environmental rules are expected to boost regional industry growth. Further, high level of public awareness, rise in OEM product demand and rise in automotive filters market price trends are predicted to stimulate industry growth in the region. U.S. industry is featured by evolving electric automobile demand as these vehicles do not require product substitutes.

Competitive Insights

Key industry players profiled in the report include Cummins Incorporation, Ahlstrom Corporation, Denso Corporation, Freudenberg & Co. Kg, Hollingsworth & Vose Company Incorporation, Lydall Incorporation, Mann Hummel, Neenah Paper Incorporation, ALCO filters, Robert Bosch GmbH, Metsurama Filtration, Parker Hannifin Corporation, Sogefi S.p.A., Valeo SA, Purofil Auto (India) Private Limited, Viking Filters, Toyota Boshoku Corporation, Dongguan Lvmeng Industrial Company Limited, Clarcor Incorporation, Roki Company Limited, ACDelco Incorporation, Fram/UCI, Donaldson Company Incorporation, Hengst SE & Co. KG, K&N Engineering Incorporation and Mahle GmbH.

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Information Source: Global Market Insights, Inc