Smart meters market expected to grow at a USD 25 billion by 2025

The smart meters market is expected to grow at a CAGR of 9.43% from 2018 to 2025, to reach USD 25 billion by 2025. 

The smart meters market is segmented on the basis of type, application, and technology. The type segment is further segmented into smart electric meters, smart water meters, and smart gas meters. The application segment is classified as a residential smart meters market, commercial smart meters market, and industrial smart meters market. The technology segment is sub-segmented into automatic meter reading and advanced metering infrastructure.

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The use of smart meters has been widely encouraged by governments, as the countries such as U.K and U.S have introduced various schemes that favor installation of smart meters in homes. The gradual shift to renewable sources of energy and the deficit can often cause problems in the supply. Smart meters assist in better forecasting of the use of devices and peak hours for adjusting supply. The deployment of smart-grids and smart-city planning are the key drivers for the smart meters market, as power generation companies seek to boost their distribution efficiency. 

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On the basis of application, the residential segment is expected to achieve the largest growth and market share as homes accounted for the highest number of smart meter installations. The rise in demand for smart meters in this sector is driven by the widespread implementation of smart technologies. The interlinking of electronic devices through a central command module helps in more efficient monitoring of consumption and reduced efforts.

The smart meters market is expected to be led by the North American region, which contributes the highest revenue and holds the largest market share. The high demand for smart meters in the U.S. amid the overhaul in the power sector is driving growth in the industry. The implementation of smart-city programs across the country and the upgradation of old infrastructure along with ensuring better reliability in the power grid continues to drive demand for smart meters.

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The smart meters market is dominated by major players such as Schneider Electric, Siemens, Honeywell International, Itron, Sensus, EDMI, Badger Meter, Holley Metering, ICSA, Aclara Technologies, Kamstrup, Wasion, Jiangsu Linyang Energy, Atmel, and Landis+GYR.

Global Thermal Management Systems Market to be governed by Asia-Pacific during 2017-2025

The thermal management systems market is expected to witness significant growth from 2018-2025, and transform into a multi-billion dollar industry, worldwide. The well-established players in this market include ebm-papst, Henkel, Vertiv, nVent, Boyd, Laird PLC, Advanced Cooling Technologies, CPS Technologies, Dau Thermal Solutions, European Thermodynamics, and Inheco. These companies hail from the developed countries in North America and Europe, and have an extensive global presence.

The North American economy occupies the largest share in the global thermal management systems market, a position that it has commanded consistently. The strong presence of manufacturers in the region as well as the high number of customers adds to the sector’s strength.  The USA is the largest, whereas Canada is the fastest growing market in the North American region.

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North America gained momentum due to the increase in manufacturers’ presence and their efforts to expand operations. USA holds the largest number of manufacturers in the equipment manufacturing business. Rise in consumption of electronics, rise in electric vehicle market, and increase in aerospace activities attributed to the largest share of the market. Various companies such as Advanced Cooling Technologies, CPS Technologies are based in the North America region.

Asia-Pacific is the fastest growing region, which has witnessed considerable growth over the past few years. The increase in household income and increased middle-class population has led to the increased consumption of electronics devices. Defense is another area where the region has grown significantly and thermal management systems find wide applications in this industry.

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According to the Population Reference Bureau, the fastest-growing consumer markets of China, India, and other Asia-Pacific countries had a combined population exceeding four million people (as of 2016), which is projected to become an increasingly important driver for the global consumption of electronic products and electric cars over the next two decades. This is projected to lead to growth of thermal management systems market.

Managed security services market to record a CAGR of over 14% from 2018 to 2025

The global managed security services market has been segmented on the basis of the deployment model, service type, organization size, and application. Under the deployment model, it is further classified as a cloud-based and on-premises model. The service type is classified as IPS/IDS, distributed denial of services, threat management, firewall management, end-point security, and secured information and event management. Organization size is further segmented into small & medium-sized and large enterprises. Application segment consists of BFSI, IT & ITES, healthcare, government & defense, retail, e-commerce, and energy & utilities and manufacturing, and others.

The global managed security services is projected to grow at a sustainable growth rate of over 15%, which is expected to reach USD 48 billion by the end of 2025. The rapidly evolving threats across the system of the verticals have influenced the growth of responsive and smarter managed security services, which has led to the growth of the global managed security services market.

Under the service type segment, end-point security is expected to grow at a rapid rate on the backdrop of an increasing trend of BYOPC policy among organizations. Henceforth gaining maximum market share among service type segment and continues to hold its position throughout the forecast period 2025.

On the basis of geography, the Managed Security Services Market is segmented into North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. North America holds the dominant position in the managed security services market, which is projected to retain its dominance throughout the forecast period. Asia-Pacific is expected to witness the highest growth rate over the forecast period, due to an increase in the adoption of new technologies, which has led to numerous cyber-attack instances in organizations.

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The global managed security services market is segmented on the basis of five major geographic regions such as North America, Europe, Asia-Pacific, Middle East and Africa, and South America. Though North America and Europe are matured markets for managed security services, it will continue to hold maximum market share in terms of generation of revenue throughout the forecast period, 2025. Further, Asia-Pacific is expected to witness the highest CAGR in the managed security services market.  

The major managed security services’ manufacturers include IBM, HEWLETT PACKARD, WIPRO, AT & T, Symantec, Accenture, Hitachi Systems Security, Intel Corporation, Cisco Systems, Inc., Fortinet, and Cipher.

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Key industry players such as HP, IBM, and Dell are coming up with new innovative ideas and are gaining traction, and creating lucrative opportunities in the managed security services market across the globe.

Automotive battery thermal management system market to record a CAGR of over 16% from 2018 to 2025

The automotive battery thermal management system market is expected to grow at a CAGR of 16% from 2018 to 2025 and is projected to reach USD 3.96 billion by 2025. The factors that primarily drive the automotive battery thermal management system market are an increase in the adoption of electric vehicles over the traditional ones. 

The Asia-Pacific accounted for the largest share in the automotive thermal management system market. The region has a strong presence of battery manufacturers, which supports the development of the segment. In addition, growth in demand for electric vehicles, subsidies for manufacturers and consumers of an electric vehicle by the government is estimated to drive automotive thermal management system market in this region.

The automotive battery thermal management system market is classified on the basis of propulsion, technology, vehicle type, battery type, battery capacity, and region. The propulsion segment is further classified into BEV, HEV, PHEV, and FCV. The technology segment is further classified into active and passive.

On the basis of the vehicle type, the passenger segment is estimated to grow at the highest growth rate during the forecast period. Growth in regulations to encourage the use of electric vehicles, from countries such as Germany and France is expected to increase the demand for an automotive battery thermal management system for the passenger segment.

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Asia-Pacific is the largest and fastest growing region in the automotive battery thermal management system market. Countries such as China and Japan are the major industry players. This region experiences an increase in adoption of electric vehicles, which leads to higher growth in the automotive battery thermal management system. The region hosts major battery manufacturing companies such as LG Chem (South Korea), Calsonic Kansei (Japan), and others.

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Key market players such as LG Chem, Continental, GenTherm, Robert Bosch, Valeo, Calsonic Kansei, Hanon Systems, Samsung SDI, Mahle, VOSS Automotive, and CapTherm Systems are profiled to provide an insight into the competitive scenario of the global automotive thermal management system market.

Polyethylene wax market expected to grow at a CAGR of over 5.2% from 2018 to 2025

The polyethylene wax market was estimated at USD 1.06 billion in 2017, and is projected to register a CAGR of over 5.2% from 2018 to 2025. Polyethylene wax is a low molecular weight polyethylene, which consists of ethylene monomer chains. 

Asia-Pacific is accounted to be the fastest growing region in the polyethylene wax market owing to the high demand from sectors such as, adhesives & coatings, plastic processing, and printing & inks. In addition, increasing building and construction activities in the developing counties in the region is fueling the demand for polyethylene wax market.

On the basis of processes, the polymerization process is estimated to hold the largest share in the polyethylene wax market. The polymerization process is used in the production of high density polyethylene wax and low density polyethylene wax. In addition, the increasing demand for adhesives in building and construction industries is driving the growth of the segment. 

On the basis of type, the oxidized segment is estimated to grow at the fastest rate. The growth is attributed to its different uses in applications such as, surface modifiers in hot-melt adhesives, lubricants in PVC, additive for rubber process, and dispersing agents for polar master batches.

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Among the various processes for polyethylene wax market, the polymerization process is expected to hold the largest share of the market. This process is used in the production of high density polymerized polyethylene wax and low density polymerized polyethylene wax. The growing building and construction activities increase the demand for PVC and in turn the demand for the processing segment.

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On the basis of Application, plastic processing is estimated to hold the largest share in the global polyethylene wax market. This growth is attributed to the increased use of polyethylene wax in the processing of PVC, PE, and PP pipes.

Wireless mesh network market expected to record a CAGR of over 15.2% from 2018 to 2025

The wireless mesh network market was estimated at USD 4.56 billion in 2017 and is projected to grow at a CAGR of over 15.2% from 2018 to 2025. Wireless mesh network is connected to other multiple mesh nodes at the same time. The wireless mesh network offers advantages such as cost-effectiveness, adaptability, and expandability. The growth of the market is attributed to the growing adoption of IoT and smart devices. In addition, the growing demand for wireless communication systems and need for stable and secure networks is expected to drive the market.

On the basis of region, North America is estimated to be the largest market. The growth is attributed to the developed countries in North America, such as the U.S. and Canada with a high adoption rate of wireless mesh technologies. In addition, the emergence of new technologies such as software-as-a-service (SaaS), cloud networking, internet of things, virtualization, and network analytics also drive the growth of the North American wireless mesh network market.

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Network consulting is estimated to hold the largest share of the global wireless mesh network market. Network consulting ensures network functionality and performance. Also, the network consulting service eliminates complexity and creates a simplified work environment.

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Video streaming and surveillance application segment are estimated to hold the largest share in the market. The growth is attributed to the increasing need for surveillance in public areas. In addition, increasing crime rates, growing smartphone applications, and compatibility with existing networks are the major growth drivers for the segment.

The key players in the wireless mesh network market include ABB, Aruba Networks, Cambium Networks, Firetide, Qorvo, and Qualcomm.

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In January 2018, Qualcomm expanded its mesh networking for smart homes with Cortana and Alexa Integration. The integration of Cortana and Qualcomm’s Aqstic audio codec technology is expected to make it easy to create voice-driven commands with smart home devices.

Thermal management systems market to record a USD 24,755.6 million by 2025

The thermal management systems market is expected to grow from USD 12,274.9 million in 2018 to USD 24,755.6 million by 2025

China to be the Fastest Growing Market for Thermal Management Systems

The thermal management systems market was estimated at USD 11,150 million in 2017 and is anticipated to grow at a CAGR of over 10.5% from 2018 to 2025. The major factors influencing the growth of the global thermal management systems market are advancements in electronics, increasing industrial automation, growing electric vehicle market, and rising aerospace activities.

Based on the data, the market for thermal management systems is expected to witness continued growth over the forecast period. North America is the largest market for thermal management systems, followed by Asia-Pacific. Asia-Pacific is the fastest market which is expected to grow at a CAGR of 12.4% by 2025. China and India are among the largest markets for thermal management systems and are expected to contribute towards the growth.

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Consumer Electronics Sector Held Largest Market Share

The consumer electronics sector contributes largely to the thermal management systems market. Every electronic device is equipped with the integrated circuit (IC’s), and due to the input electric current, the circuit’s temperature increases. To manage the increased temperature, thermal management of electronics is important. Thermal management increases reliability and life of an electronic device. With the increased disposable income in highly populated countries such as China and India, the consumption of electronics has also improved significantly.  The advancements in electronics and increased use of electronics drive the thermal management systems market.

Hardware Segment is Projected to Hold Largest Share

The thermal management systems market is divided on the basis of its product type namely hardware, software, interface, and a substrate. Hardware includes all devices and system involved in thermal management processes such as air cooling, liquid cooling, vapor compression cooling, thermoelectric technologies, and others. These hardware types are widely used in automotive, telecommunication, aerospace & defense, electric & electronics, and other industrial sectors. Hardware segment held 58% share in the thermal management systems market in 2017.

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High deployment rate in the USA, Canada, and Mexico contributes to the highest growth. North America is expected to hold the largest share in the thermal management systems market and accounted for 33% share of the total thermal management systems market during the forecast period. A high rate of deployment of these systems in the countries of USA, Canada, and Mexico is projected to contribute to the highest growth in this region. This is caused by the growing demand from sectors such as electric and hybrid electric vehicle, aerospace, and consumer electronics; this is considered as the key driving factors for the growth of thermal management systems market in this region.

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Some of the key market players of the global thermal management systems market are ebm-papst, Henkel, Vertiv, Boyd, nVent, Laird, Advanced Cooling Technologies, CPS Technologies, Dau Thermal Solutions, European Thermodynamics, and Inheco.

Veterinary vaccine market expected to grow at a CAGR of 6.0% from 2018 to 2025

The veterinary vaccine market is expected to grow at a CAGR of around 6.0% from 2018 to 2025. The market for veterinary vaccine experiences significant growth due to the increase in demand for new vaccines implemented in the pharmaceutical industry. The economic advancement coupled with technological developments has resulted in high demand for pharmaceutical products, which constitute a large part of the veterinary vaccine market.

On the basis of technology, the market is classified into live attenuated, inactivated, toxoid,  recombinant, and others. The attenuated vaccines are considered the largest segment due as they are effective, and offer long-term prevention technology.

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On the basis of region, North America is estimated to be the largest market, which is attributed to the developed countries, for instance, the USA and Canada with the highadoption rate of inactivated technologies. In addition, the emergence of new technologies such as live attenuated, toxoid, recombinant, and others also drive the growth of the North American veterinary vaccine market.  The Asia-Pacific region is expected to witness a high growth due to the rapid implementation of these vaccines for better health of animals.

North America dominated the market with the largest share in 2017 and is anticipated to continue with its dominance by 2025. The rise in the commercialization of animal products and awareness about animal health are the factors that influence this region. Asia-Pacific is the fastest growing region in the veterinary vaccine market, due to the countries such as China and India, which are the major players in the industry. China has a robust manufacturing sector that has permitted for better veterinary vaccines development.

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The veterinary vaccine market is segmented into type, technology, disease, and region. On the basis of type vaccines are segmented into livestock, porcine, poultry, companion animal vaccines, aquaculture, and others. On the basis of technology, it is segmented into inactivated, live attenuated toxoid, recombinant, and others. Diseases are segmented into poultry, porcine, livestock, companion animals, and others. Geographically, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW).

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Merck & Co., Zoetis, Bayer, Boehringer, and Virbac are the top key manufacturers in the veterinary vaccines market. Leading manufacturers of veterinary vaccine focus on the emerging countries that are estimated to show potential for industrial development in the near future.

Flooring Market to record a CAGR of 5.8% from 2018 to 2025

The flooring market is estimated to be valued at USD 317.4 billion in 2018 and is expected to grow at a CAGR of 5.8% from 2018 to 2025. The major key factors driving the growth of flooring market are growing investment in the construction industry, increasing home renovation activities, rapid urbanization, and rising consumer preference for eco-friendly products. The major barriers to the growth of the flooring market are strict environmental regulations, lack of awareness about material selection and thickness range, and inefficient skilled labor.

The luxury vinyl tiles (LVT) type is expected to grow at the highest CAGR from 2018 to 2025, due to their low maintenance cost, a wide range of aesthetic designs, and simple installation. The demand for LVT is growing from the residential and commercial sector. Whereas, ceramic tile dominated the flooring market, in terms of value, in 2017, and is expected to hold the largest share in flooring market by 2025, due to their attractive features such as environment-friendly, high resistance to heat, chemical & water, and cost-effectiveness.

In Asia-Pacific region, India, Vietnam, and Philippines are expected to witness a significant growth in the flooring market during the forecast period, due to growing demand for vinyl and ceramic tiles product from industrial, infrastructural, and educational projects.

The nonresilient flooring segment accounted for the highest share in the flooring market in 2017 and estimated to hold the largest share by 2025. This is due to their high durability, high resistance to chemical and water, low maintenance, and consistency.

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As a result of the demand for nonresilient flooring is growing in the healthcare industry, government offices, sports institutions, and shopping malls, which is fuelling its growth in the flooring market.

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The major key players in the global flooring market include Armstrong Flooring, Beaulieu International, Floorworld LLC, Forbo, Gerflor, Interface, Mannington Mills, Milliken and Company, Mohawk Industries, Polyflor, and Shaw Industries. 

Gasoline direct injection market global opportunity analysis and forecast to 2025

The gasoline direct injection market is expected to witness a CAGR of approximately 20% from 2018 to 2025. The market has gained traction due to its rapid adoption by the automotive industry. Hence, gasoline direct injection market is expected to continue its growth for the next ten years, due to its increase in the fuel-efficiency of vehicles.

Key growth factors for the North American market are shift towards high fuel-efficient technologies and stringent fuel emission regulations.  Subsequently, Asia-Pacific is projected to witness highest growth rate in the gasoline direct injection market throughout the forecast period. The factors driving this growth include, increase in demand for passenger vehicles coupled with the economic development of countries such as in China and India.

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On the basis of engine type, the I4 engine is anticipated to exhibit maximum market share in the gasoline direct injection market, which is attributed to its large footprints in the regions like Asia-Pacific and Europe. However, an I3 engine is expected to witness highest CAGR over the forecast period, owing to its cheap rates as compared to the big engines like V6 and V8. This engine also provides better fuel efficiency to the vehicles.

On the basis of vehicle type, a passenger car is anticipated to exhibit largest market share of around 60%, due to high sales of passenger cars in 2018, globally. However, commercial vehicle segment is expected to witness highest growth rate throughout the forecast period, owing to its reduction in emission and lightweight vehicle.

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On the basis of hybrid vehicles, plug-in hybrid electric vehicles are growing at a higher growth rate due to its features such as charging infrastructure and increase fuel efficiency.

Key manufacturers operating in the global gasoline direct injection market are Robert Bosch, Continental, Delphi, Denso, and Magneti Marelli, Hitachi, Keihin, Park-Ohio, Renesas, and Stanadyne.

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Automotive manufacturers have adopted key strategies such as new product development and geographical expansion to gain traction in the gasoline direct injection market. Major manufacturers operating into gasoline direct injection include Robert Bosch, Continental, Delphi, Denso, and Magneti Marelli.

Feed additives market insights and statistics to 2025

The feed additives market is expected to exhibit a sustainable growth rate of 5%, to reach over USD 40 billion by the end of 2025. The main growth factor for feed additives is an increase in consumption of meat products coupled with growing awareness among the consumers about the outbreak of livestock diseases. Furthermore, global industrialization of meat products boosts the market growth. The demand for meat and meat-based products is expected to register a lucrative growth by 2025 in the developing economies.

In the Asia-Pacific region, China is considered to be the largest feed producer in the world since 2011. The highest growth in feed production is mainly due to swine and aquatic animals. Accordingly, the feed additives industry has experienced rapid development in the recent years and is expected to grow, especially due to the consumption of amino acids and enzymes in the next eight years. China is a leading producer of some of the key feed additives such as vitamin C, vitamin E, choline, lysine, and others.  

The feed additives market has been segmented on the basis of additive type, animal type, and form. The additive type segment is further classified into amino acids, phosphate, vitamins, acidifiers, carotenoids, Enzymes, mycotoxin detoxifiers, minerals, flavors & Sweeteners, antibiotics, antioxidants, non-protein nitrogen, and others. 

Consumption of feed additives in the North America region is mainly driven by the maximum production of animal products. Cattle, poultry, and swine are anticipated to witness lucrative growth as the outbreak of animal diseases, from 2012 to 2015, came to an end.

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Geographically, the feed additives market is divided into five regions which include North America, Europe, Asia-Pacific, South America, and Middle East & Africa.  Increase in demand for feed additives in economies like Asia-Pacific and rise in concern for the quality of meat & poultry products are the major growth factors for the adoption of additives for several animals, such as poultry, swine, aquatic animals, and cattle.

Key manufacturers operating in the global feed additives market include BASF, ADM, Evonik, Adisseo, and DSM, Chr. Hansen, InVivo, Alltech, Nutreco, Novozymes, DuPont, Solvay, Ajinomoto Co., Inc., Balchem, Kemin Industries, Novus, BIOMIN, Norel, and Nutriad.For more information click here

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Renowned global market leaders, such as Cargill, Charoen Pokphand Foods Public Company, Adisseo France, and Alltech, are adopting various growth strategies to expand their market presence and cater to the growing demands of feed additives

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Aviation analytics market to grow at a CAGR of 14.5% from 2018 to 2025

The global aviation analytics market is estimated to be valued at about USD 2.86 billion by 2018, growing at a CAGR of 14.5% from 2018 to 2025. The major factors responsible for the growth of this market are the growing focus on competitive intelligence and analytical solutions, increasing technological advancements, and rising focus on food sterilization. However, inappropriate analytical skills among the workforce and dearth of knowledge for selecting proper data models as per needs of businesses are limiting the growth of this market.

On the basis of aviation analytics application, the customer analytics segment is projected to grow at the fastest CAGR from 2018 to 2025. This is due to the growing middle-class population, and increasing tourism leads to generate more data and aviation analytics system to analyze the whole data; hence, this segment is projected to witness more demand in the aviation analytical market.

In the Asia-Pacific region, China and India held the largest market share in 2017, and it is estimated to witness the highest CAGR during the forecast period. The emerging markets of India and China are the attractive destinations for investment and expansions, development, and marketing of the airline services.  Rise in trade and tourism due to expansion and improvement in the living standards has resulted in the rise in the volume of data generated. The analytical solution tools are used to analyze these generated data; hence, the adoption of analytical solution tool is rising from market players in China and India.

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The North American region held the largest share in 2017 and is expected to continue with the same position throughout the forecast period. The factors driving the demand for aviation analytics in the region are increasing investments and advancements in the field of cloud technology, growing pressure on an improvement of operational efficiency and reducing costs across regions, and increasing consumer expectations.

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The key players in the global aviation analytics market include Airport Analytics, APiJET, Aviation analytics, Booz Allen Hamilton, DXC Technology, General Electric, IBM, Mu-Sigma, Oracle, SAS Institute, and SAS SE.

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Converged Markets is a premier provider of market intelligence and advisory services that delineates a focused vision to provide indispensable insights and strategic decision support to business leaders worldwide. Our team of knowledgeable and industry-experienced Business Consultants follows a distinct research approach and rigorous methodologies to analyze market dynamics that directly or indirectly impact mainstream businesses.

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Ms. Apurva,

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Converged Markets,

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Marine coating market global opportunity analysis and forecast to 2025

The marine coating market is estimated to be valued about USD 10.2 billion in 2018, and is expected to grow at a CAGR of 6.5% from 2018 to 2025.  The major key factors driving the growth of marine coating market are the growing need for fuel-saving and low-emission coatings, growth in offshore drilling, growing demand for VOC free and environment friendly marine coatings, and growth in the overall international trade leads to increase the sea route activities. The major factors hampering the growth of marine coating market is volatility in prices of raw materials.

Apart from different marine coating product types, the anti-fouling coating had held the largest market share in 2017, and is witnessing a significant growth. Anti-fouling coating provides protection to vessels and ships, used for ship repair and maintenance, protect the surface from abrasion and corrosion, due to these benefits, the demand for anti-fouling coating is growing is fuelling the marine coating market. The foul-release technology is also witnessing a significant growth in this market, due to growing demand from large cargo ships, as foul-release coating save fuel in large cargo ships which consume a lot of fuel.

Asia-Pacific has the largest marine coating market share and it is estimated to witness a significant CAGR. This growth is due to the increasing demand from shipbuilding and dry-docking manufacturers, whereas, China has the driest dockings.

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In the North American region, it is estimated that U.S. will hold the largest share due to the shale gas revolution that increased the demand for high deep sea vessels such as oil carriers, tankers, and LNG and LPG tankers. Furthermore, the increasing popularity of yacht and cruise ships is also contributing to the growth in this. The new treading technologies in the global marine coating markets are water-based and less VOC content, and faster drying marine coatings. The manufactures are focusing on these new treading technologies, which will helps to overcome the environmental restrains.

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The major key players in the global marine coating market include Akzo Nobel, PPG, Hempel, Nippon, BASF, Kansai Paints, Chugoku Marine Paints, Jotun, Sherwin-Williams, DuPont, Engineered Marine Coating, and Advanced Marine Coating.

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Converged Markets is a premier provider of market intelligence and advisory services that delineates a focused vision to provide indispensable insights and strategic decision support to business leaders worldwide. Our team of knowledgeable and industry-experienced Business Consultants follows a distinct research approach and rigorous methodologies to analyze market dynamics that directly or indirectly impact mainstream businesses.

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Ms. Apurva,

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Converged Markets,

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