Esticast Research & Consulting

  Esticast Research & Consulting is a research firm providing research reports on various industries with a unique combination of authenticity, extensive research, and infallibility. We provide syndicated market research reports, customization services, and consulting services to help businesses across the world in achieving their goals and overcoming complex challenges.   

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As per the Report "Enclosure Air Conditioner Market By Type ( Wall-Mounted Type, Floor-Mounted Type, Roof-Mounted Type ), By Application ( Commercial, Industrial, Data center, Telecom ), Industry Trends, Estimation & Forecast, 2017-2025" In 2017, the industrial enclosure air conditioner segment generated the highest revenue share of the global enclosure air conditioner market. Among major regions, North America was the highest revenue generating market in 2016.

#Enclosure #Air #Conditioner Market is expected to grow with a CAGR of 4.3% during the forecast period of 2018 to 2025.

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Stainless Steel Wire Rod Market is Anticipated to Grow at a CAGR of 5.06% During the Forecast Period 2018-2025

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Stainless Steel Wire Rod Market is Anticipated to Grow at a CAGR of 5.06% During the Forecast Period 2018-2025

As per the report "Stainless Steel Wire Rod Market By Thickness ( 6mm, 8mm, 10mm, 12mm ), By Application ( Steel Wire, Steel Fasteners, Steel Bright Bars ), Industry Trends, Estimation & Forecast, 2017-2025" In 2017, the steel wire segment generated the highest revenue share in the global stainless steel wire rod market. Among major regions, China was the highest revenue generating market, holding nearly 45% of the market share, in 2017.

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“Environment conservation laws are impacting the manufacturing of industrial products to a great extent. Focusing on such laws, the stainless steel wire rod manufacturers have adopted eco-friendly recycling processes as their manufacturing process. Moreover, enhanced products with higher durability are being introduced in the market, in order to achieve a prolonged life span of the applications utilizing stainless steel.”

Stainless steel wire rod market to exhibit lucrative opportunities, owing to the surge in demand from the construction industry

Among the end use industry, construction industry is expected to continue to provide huge market opportunity during the forecast period. Due to the toughness and semi-ductile properties associated with the product, consumption of stainless steel rod in construction industry has increased manifolds since the past decade. It is majorly used in the construction industry to bridge the joints that are prone to cracking and to construct solid concrete structures. According to the Construction Products Association, the construction output is expected to rise by 2.3% by the end of 2019, owing to the surge in the number of infrastructural projects. Such a boost in the construction activity in the emerging economies is expected propel the growth of the stainless steel wire rods market.

Market players to witness stiff competition during the upcoming years due to the product oversupply crisis

The excessive capacity of stainless steel rods in Asia majorly in China, has led to a price war of product among the market players. China has been selling stainless steel wire rods product across the world at a low price targeting mostly the Southeast Asia market. The highest impact has been witnessed for the SUS304 steel. Furthermore, the rapid expansion of production capacity in India that is oriented towards export also poses a serious challenge to the market players.

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China garnered the highest revenue in the global market, owing to the presence of several market players

China held nearly 45% market share, in terms of revenue, of the global market. It is anticipated to maintain its dominance in the long run and exhibit an impressive CAGR of 5.1% during the forecast period. The stainless steel wire rods market is highly diverse which is concentrated by both small and large market players. A huge number of players active in the global market are concentrated mostly in China, which is attracting high revenues for the region. Moreover, the increasing capacity and production of Chinese market players is fuelling the regions market growth.

EUROPE STAINLESS STEEL WIRE ROD MARKET, BY APPLICATION, 2012-2022

KEY FINDINGS OF GLOBAL STAINLESS STEEL WIRE ROD MARKET, 2017-2025

• Imports from Japan, Korea and Taiwan are expected to rise due to the revocation of anti-dumping duty by the U.S. and European government on stainless steel wire rod. • Stainless steel wire rods of 8mm and 10mm thickness are expected to exhibit the highest CAGR of 5.01% each during the forecast period. • Global stainless steel wire rod market is expected to witness an increasing price trend during the forecast period. • China led the global stainless steel wire rod market in 2017, in terms of revenue, by holding nearly 45% of the total share.

STAINLESS STEEL WIRE ROD MARKET SHARE BY REGIONS, (2017)

Some key market players are Arcelormittal, EVRAZ, Gerdau, Shagang Group, NSSMC, Central Wire, Emirates Steel, Fagersta Stainless, Hebei Sakaguchi Stainless Steel, and Ivaco Rolling Mills (HEICO).

   Contact: Address: S. No.8/2A/1, Vitthal Heights, Above Yashwant, Kharadi, Pune-411014 Tel: [phone] Email: [email protected]

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Endodontic Instruments Market is Expected to Grow with a CAGR of 4% During the Forecast Period of 2018-2025

As per the report "Endodontic Instrument Market By Type ( Apex Locators, Endodontic Scalers, Handpieces & Endodontic Lasers), By Application ( Dental Clinics, Dental Hospitals, Laboratories & Dental Academic), Estimation & Forecast, 2017-2025"In 2017, the hand piece segment generated the highest revenue share of the global endodontic instruments market. Among major regions, North America was the highest revenue generating market in 2017.

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“In the past two decades, endodontic instruments have witnessed a high adoption among the dentists for the patients having serious dental issues. This has emerged out as a result of rapid development of the confidence among the people for endodontic therapies. Moreover, high presence of geriatric population, especially in the regions such as Asia-Pacific and Europe is leading the market to grow with a considerable rate”

Owing to its high efficiency, machine assisted obturation systems to witness the fastest growth during the forecast period

With the increasing number of patients requiring root canal treatment, a hiking demand for advanced Machine assisted obturation system is witnessed in the current scenario. This is because Machine assisted obturation can make the root canal process more efficient and less time consuming. Proper endodontic obturation is necessary to heal and prevent periapical disease with the most commonly adopted techniques such as lateral condensation and vertical compaction. Advanced features such as variable temperature settings, quick heating element and ergonomically designed handpiece have led these obturation systems to grow with fast pace. However, Handpiece segment held the largest market share of more than 20% in 2017.

Dental clinics exhibited the highest application of endodontic instruments in 2017, owing to increasing number of patients preferring dental clinics for their treatment

Dental clinics have the widest use of endodontic instruments. This is because a majority of patients which are dealing with dental issues tend to approach dental clinics, which are easily available everywhere, rather than specific dental hospitals and research centers. Moreover, the increasing number of dental clinics and rising number of people opting for root canal procedures are forecast to steer the industry demand for endodontic products in this very segment. The dental clinics segment recorded for the largest share of more than 35% the overall endodontic instruments market in 2017.

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Endodontic Instruments Market by Application, 2017

Asia- Pacific and Middle-East to experience the fastest growth rate of endodontic instruments market in the near future

Growing awareness and patient empowerment have led to demand for better healthcare facilities at affordable prices in countries such as China and India. Reduction of customs duty on all medical, surgical and dental equipment, coupled with extensive economic reforms in the last decade have opened huge opportunities for the dental industry to grow in the very region. However, North America is the currently dominating market holding more than ½ of the global market share. This is a result of huge initiatives taken by governments in order to increase dental health awareness such as regular dental checkup camps in schools, offices and other government departments.

North America Endodontic Instrument Market, 2017 - 2025

Key Findings of Global Endodontic Instruments Market

• On the basis of application, laboratories segment will exhibit the fastest CAGR of 4.3% during the forecast period of 2018-2024. • Machine assisted obturation to grow with the fastest CAGR of 5.0% during the forecast period. • Europe held the second largest market share of more than 20%, in 2017, after North America. • Middle East and Africa to exhibit the fastest growth rate of 6.0% in the near future.

Product launch has emerged out as the key marketing strategy among the major market players. Some prominent market players are Dentsply Sirona, Danaher Corporation, Brasseler USA, Diadent Group International, FKG Dentaire, Ivoclar Vivadent, Mani, Micro-Mega, Septodont Holding, Ultradent Products, VOCO and Coltene Holding.

Contact: Address: S. No.8/2A/1, Vitthal Heights, Above Yashwant, Kharadi, Pune-411014 Tel: [phone] Email: [email protected]

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North America held nearly 1/3rd share of the overall market in 2017, owing to high adoption within military and other commercial activities The U.S. is the largest consumer of SWIR technology especially for homeland security issues which includes prevention of terroristic attacks, oil spills in the marine environment and other public disputes. In 2013, officials of the U.S. Air Force Research Laboratory at Wright-Patterson Air Force Base, Ohio, issued a broad agency announcement for the Industrial Base for Low Cost Shortwave Infrared (SWIR) Camera Cores program. Moreover, favorable initiatives taken by the U.S. government for the development of biological sciences and agriculture are motivating authorities to emphasize more on the R&D of imaging techniques, hence opening a growth pathway for the market. Request Sample @ https://www.esticastresearch.com/market-reports/shortwave-ir-camera-market Area cameras to exhibit an impressive growth during the forecast period with increasing demand from the defense sector In the current scenario, there are numerous countries which are dealing with immense border disputes and terrorism threats. This has led to an increase in safety concerns of the respective governments and has compelled them to adopt the latest defense components. SWIR area cameras have emerged out as an eagle’s eye for securing the risky zones. They can be mounted upon trucks, buildings, UAVs and can proficiently detect any kind of human activity or threat, even in dark and foggy situations. Moreover, these cameras are highly preferred by the geologists in order to study various physical aspects of the earth. Expanding the product portfolio and enhancing the products will assist the major players to excel in the market. Major market players are investing a generous share of their revenue in the R&D activities, in order to launch enhanced products. In May, 2017, Princeton Instruments introduced a new class of high-quality, indium-arsenide (InAs)–based, short-wave infrared (SWIR), which is being used for in vivo imaging by researchers at the MIT. Acquiring other players is also helping companies to enhance their technical capability and strengthen their foothold in the market. In January, 2018, SCD acquired US based Quantum Imaging, with the intention of strengthening and expanding SCD’s SWIR related activities in the US defense and homeland security markets. Related Reports – https://www.esticastresearch.com/market-reports/wifi-camera-market https://www.esticastresearch.com/market-reports/satellite-phone-market KEY FINDINGS • The market in Asian countries, such as China and India is expected to grow with the fastest rate during the forecast period. • Linear cameras are expected to witness a CAGR of 8.31% during the forecast period. • By application, optical communication segment dominated the global market in 2017, holding nearly 3/7th of the global market. Some major market players are Sensors Unlimited, Xenics, Photonic Science, Princeton Instruments, Axiom Optics, New Imaging Technologies, IR Cameras, Atik Cameras, and Raptor. Press Release - https://www.esticastresearch.com/press-release/shortwave-ir-camera-market Contact: Esticast Research & Consulting Amritesh Suman, Senior Manager [email protected] India: [phone] Web: https://www.esticastresearch.com Category: Consumer Electronics

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Non-Destructive Testing Market: Business Opportunity, Key Market Players, Industry Trends & Forecast, 2016-2024

Nondestructive testing or non-destructive testing (NDT) is a wide group of analysis techniques used in science and technology industry to evaluate the properties of a material, component or system without causing damage. The six most frequently used NDT methods are eddy-current, magnetic-particle, liquid penetrant, radiographic, ultrasonic, and visual testing. NDT is commonly used in forensic engineering, mechanical engineering, petroleum engineering, electrical engineering, civil engineering, systems engineering, aeronautical engineering, medicine, and art. Innovations in the field of nondestructive testing have had a profound impact on medical imaging, including on echocardiography, medical ultrasonography, and digital radiography.

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According to this research report, the prominent trends, driving factors, restraints, opportunities and challenges have been considered properly, in order to recognize the market's future. The report exhibits an estimation of the general market size in terms of value (US$) and discusses the key sections and the geographical subdivisions of the Non-Destructive Testing Market in points of interest. It exhibits top to bottom data on the development trends, strategies and regulations, concerning Non-Destructive Testing Market, executed in each of the geographical sections. The transcendent uses of the Non-Destructive Testing Market have additionally been discussed in this research report.

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Further, the research estimation breaks down the administrative structure of Non-Destructive Testing Market, offering partners a superior comprehension of the different approaches, principles & controls, and future activities, which are required to govern various procedures in this very market. Further, the report gathers top to bottom data attained through broad primary and secondary research techniques, which has been surveyed with the assistance of a few compelling analytical tools. With the help of information accomplished from such deliberate research, the report displays close and exact appraisals for the market players and the readers as well. Readers will likewise pick up essentials from the references and contextual investigations given in the research study.

The research report simultaneously shows an exhaustive evaluation of the volatile landscape of Non-Destructive Testing Market by investigating organization profiles of the major players, active in this very market. The market chain has been distinguished in this study by breaking down the present improvements and future prospects of these players.

NON-DESTRUCTIVE TESTING MARKET SEGMENTATION:

By Testing Method 

• Ultrasonic Testing

• Radiography Testing

• Visual Inspection Testing

• Magnetic Particle Testing & Electromagnetic Testing

• Eddy-Current Testing

• Liquid Penetrant Testing

• Others

 By Technique

• Volumetric Examination

• Surface Examination

• Others (Integrity Examination, and Condition Monitoring)

 By Industry Vertical 

• Oil & Gas

• Energy & power

• Aerospace & Defense

• Automotive & transportation

• Infrastructure

• Others

 By Region 

• North America

• Europe

• Asia-Pacific (APAC)

• Rest of the World

    Contact:

Address: S. No.8/2A/1, Vitthal Heights, Above Yashwant, Kharadi, Pune-411014

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Email: [email protected]

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Wi-Fi Camera Market is Anticipated to Grow at a CAGR of 15.3% During the Forecast Period 2018-2025

As per the report "WiFi Camera Market By Type ( Security & surveillance camera, Digital camera with WiFi, Car camera, Sports camera ), By Application ( Home security, Consumer electronics, Sports enthusiasts, Car security ), Industry Trends, Estimation & Forecast, 2017 - 2025" In 2017, the Security & Surveillance Wi-Fi Camera segment generated the highest revenue share in the global Wi-Fi camera market. Among major regions, United States was the highest revenue generating market, holding nearly 20% of the market share, in 2017.

“Wi-Fi camera market has gained a plethora of customers who desire to stay connected or are addicted to social platforms. These cameras have gained importance in various areas such as sports, transportation, surveillance, and networking among others. Owing to the lucrative industry growth the market is attracting more number of players. However, the new entrants are facing pressure in matching up the quality and product variations offered by the existing players.”

Security & Surveillance Camera segment expected to show an impressive growth rate during the forecast period, owing to the surge in security needs

Wi-Fi security cameras are emerging out as the most adopted security and surveillance appliance in the modern world. IP security cameras are a part of a security system in many homes, businesses and work places. Their ability to access and stream live footages on a cell phone or on a laptop, renders them a high market share and lucrative opportunities.

Millennial’s desire to stay connected propels market players to enhance their product portfolio

The desire of millennial to stay connected with their social circle encourages market players to modify their products as per the changing needs of the customers. Moreover, the improving economic base of emerging nations, has increased the penetration of IoT, which is supposed to offer futuristic opportunities to the market players. In addition to this, the camera and picture recording technology has also been modified frequently as per the usage requirement of these cameras in various applications such as home security, sports, media and many others.

United States emerged as a market leader and is expected to grow with an impressive growth rate during the forecast period

United States held nearly 20% market share in terms of revenue, of the global market. It is anticipated to maintain its dominance in the long run and exhibit an impressive growth during the forecast period. The increasing demand for smart homes in the region is fuelling the growth of Wi-Fi camera market. However, with increasing competition and declining profit margins, players have focused towards technological innovation and acquiring/partnering with other players in order to complement their skill-sets and strengthen their foothold.

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CHINA WI-FI CAMERA MARKET SHARE BY TYPE, 2017

KEY FINDINGS OF GLOBAL WI-FI CAMERA MARKET, 2017-2025

• United States led the global Wi-Fi camera market in 2017, in terms of revenue, by holding nearly 20% of the total share. • Germany is witnessing a surging trend in the availability of built-in Wi-Fi cameras in its retail sector. • Market players are focusing on joint ventures, mergers and acquisitions, technology innovations in order to gain competitive advantage. • The price of Wi-Fi cameras have declined in past few years and the trend is expected to continue in coming future.

GLOBAL WI-FI CAMERA SALES (UNITS) OF KEY MARKET PLAYERS (2017)

Some key market players are Canon, Sony, Samsung, Panasonic, Nikon, Gopro, Kodak, Fujifilm, Olympus, Ricoh, Garmin, TP-Link, HIKVISION, Netgear, D-Link, JADO, Philips, LG, Uniden, Motorola, Summer Infant, Dahua, iON Cameras, and TASER International.

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Excavators Machine Control System Market is Anticipated to Grow at a CAGR of 10.7% During The Forecast Period 2017-2022

As per the report "Excavators Machine Control System Market By Type ( Total stations, GNSS, Laser scanners, Airborne systems, GIS collectors ) By Application ( Construction, Transportation, Agriculture, Mining, Marine, Waste management, Utilities ) Estimation & Forecast, 2017 - 2024" In 2016, the total stations segment generated the highest revenue share in the global excavators machine control system market. Among major regions, North America was the highest revenue generating market, holding nearly 30% of the market share, in 2016.

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“Excavators machine control system are designed to act as an aid to the operator, and not as a hindrance. Such systems deliver assistance for the difficult task of loading, positioning and operating in confined spaces, by locating the obstacles surrounding the excavator in scale, real time, and distance. Obstacles are displayed with their original outline and audible warnings are given during critical situations. These systems have proved to be a cost effective solution to a numerous costly problems.”

Mining segment expected to show an impressive growth rate during the forecast period, owing to the surge in mine productivity

The size of the mining equipment has increased owing to the surge in mine productivity. Despite putting in tremendous efforts of mine management and plant operators, accidents on mine sites remain an industry wide problem. Huge excavators have considerable operator blind spots that lead to site accidents. Machine control systems offer aid to the operator and contribute in reducing the risk rate along with increasing the site productivity. The mining segment is anticipated to grow at an impressive CAGR of 10.5% during the forecast period.

The trend of ‘factory ready’ to rise above the ‘factory fitted’ trend, owing to the importance of machine control technology

The trend to provide machines as ‘factory ready’ for machine control is on the rise as more and more market players are realizing the importance of machine control technology. ‘Factory ready’ reduces the install time, while allowing experienced installers to focus on optimizing the system, checking on communication links, solving data handling and training the operator.

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North America accounted for the largest market share for global excavators machine control system market, owing to the rising construction activities in the region

Construction is a major contributor to the U.S. economy. In 2016, the Federal Government construction projects contributed approximately $110 billion in the U.S. economy. Factors such as extensive construction projects, including commercial & noncommercial buildings, highways, and emerging economies are expected to offer considerable growth of the market in this region. North America held nearly 30% market share, in terms of revenue, of the global market.

CHINA EXCAVATORS MACHINE CONTROL SYSTEM MARKET REVENUE BY TYPE, 2012-2022

KEY FINDINGS OF GLOBAL EXCAVATORS MACHINE CONTROL SYSTEM MARKET, 2012-2022

• The market is expected to offer lucrative opportunities to the key market players along with the new entrants as a mammoth amount of investment is being poured into the R&D department of the leading market players. • The marine segment is anticipated to grow with the highest CAGR of 11.3% during the forecast period. • Market players are focusing on partnerships to attain large share of the global market and become the market leader. Key players such as Topcon and Komatsu have a long term partnership which allows customers to order Komatsu machines that are factory-fitted with Topcon technology. • North America led the global excavators machine control system market in 2016, in terms of revenue, by holding nearly 30% of the total share.

GLOBAL EXCAVATORS MACHINE CONTROL SYSTEM REVENUE MARKET SHARE OF KEY MARKET PLAYERS (2016)

Some key market players are Trimble, Leica Geosystems, Topcon Corporation, Caterpillar, MOBA Mobile Automation, Prolec, and Schneider Electric SE.

Contact: Address: S. No.8/2A/1, Vitthal Heights, Above Yashwant, Kharadi, Pune-411014 Tel: [phone] Email: [email protected]

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Shortwave Infra-Red (SWIR) Camera Market is Anticipated to Grow at a CAGR of 7.1% During the Forecast Period 2018-2025

As per the report "Shortwave Infra-Red (SWIR) Camera Market By Type ( SWIR area cameras, SWIR linear cameras ), By Application ( Optical communications, Physics and chemistry measurement, Aerial ), Industry Trends, Estimation & Forecast, 2017 - 2025" SWIR camera market is expected to grow with a CAGR of 7.1% during the forecast period of 2018-2025. In 2017, the area camera segment held the highest revenue share in the global SWIR camera market.

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“With the rapid development of imaging technology and optics, SWIR cameras have experienced a greater demand in numerous commercial as well governmental applications such as product inspection, counterfeit object detection and defense and military sector. Moreover, favorable initiatives taken by governments in the field of biological sciences and agriculture are motivating authorities to emphasize more on the R&D of imaging techniques, hence creating futuristic opportunities for the market growth”

Area cameras expected to show an impressive growth rate during the forecast period, owing to the surge in border disputes

In the current scenario, there are numerous countries which are facing border disputes and terrorism threats. With increasing safety concerns, government organizations are focusing on adopting advanced defense mechanisms. SWIR cameras have emerged out as the best eye keeper for securing the risky zones. Area cameras can be mounted on trucks, building UAVs and can effectively detect human and various other threats from a safe distance away. The thermal imaging surveillance is very helpful for dealing with security tasks in dark and foggy conditions. Moreover, these cameras are highly preferred by the geologists in order to study various physical aspects of the earth.

SHORTWAVE INFRA-RED (SWIR) CAMERA MARKET REVENUE BY TYPE, 2017

North America held the largest chunk of market share in 2016 owing to rapid technical development and increasing applications

The continuously increasing penetration of SWIR technology in various applications such as counterfeit detection, chemical detection, smartphone SWIR cameras and defense and military is expanding the base of SWIR cameras market in the region. The US is the largest consumer of SWIR technology especially for homeland security issues which includes prevention of terroristic attacks and other public disputes. In 2013, officials of the U.S. Air Force Research Laboratory at Wright-Patterson Air Force Base, Ohio, issued a broad agency announcement for the Industrial Base for Low Cost Shortwave Infrared (SWIR) Camera Cores program. In addition to this, SWIR cameras are being used by the U.S. army in order to detect oil spills in the marine environment. The region held more than 1/3rd of the global market share in 2017. However, Asia-Pacific is also expected to emerge out as a lucrative platform for the growth of SWIR cameras because of continuously increasing defense budgets among the countries such as China, India, Taiwan and Japan.

NORTH AMERICA SHORTWAVE INFRA-RED (SWIR) CAMERA MARKET REVENUE GROWTH RATE, 2012-2022

Expanding and enhancing the product portfolio will assist the major players to grow rapidly in the market

The major market players are adopting various market strategies in order to develop and get an expanded foot hold in the very market. Product launch and product enhancement has emerged out as the most adopted strategy among the major market players in order to retain their market position and revenue generation. Raptor Photonics, a key market player, has recently launched a visible SWIR camera with the OWL 1280, offering HD resolution for high-end, long-range surveillance, scientific and astronomy applications. The OWL 1280 offers visible extension from 0.4µm to 1.7µm to enable high sensitivity imaging. Products are being modified and enhanced as per the varying requirements coming from different fields. The major companies are investing a generous share of their revenue for the R &D of their products and technology. In 2016, FLIR Systems invested nearly 9% of the total revenue earned for the R&D. In addition to this, acquisition is the most adopted strategy for the expansion of market base. SCD acquired US based Quantum Imaging recently. The acquisition is intended to strengthen and expand SCD’s SWIR related activities in the US defense and homeland security markets.

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KEY FINDINGS OF GLOBAL SWIR CAMERA MARKET

• Countries such as China and other Asian countries are expected to grow with the fastest growth rate during the forecast period. • Area cameras held more than 50% of the global market share. However, linear cameras are expected to grow with the fastest growth rate of 8031% during the forecast period. • Optical communication dominated the global market in 2017, holding nearly 3/7th of the global market. • Aerial SWIR cameras are expected to witness the highest CAGR of 10.03% during the forecast period. Acquisition, product launch and strategic agreements have emerged out as the key strategies adopted by the major market players all over the globe. Some major market players are Sensors Unlimited, Xenics, Photonic Science, Princeton Instruments, Axiom Optics, New Imaging Technologies, IR Cameras, Atik Cameras, and Raptor.

Contact: Address: S. No.8/2A/1, Vitthal Heights, Above Yashwant, Kharadi, Pune-411014 Tel: [phone] Email: [email protected]

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Future of the Global Human Primary Cells Market – Growth, Latest Industry Trend & Forecast 2022

As per the report "Human Primary Cells Market By Type ( Epithelial Cells, Fibroblasts, Hematopoietic, Liver Cells, Mesenchymal Stem Cells, Pericytes ), By Application ( Medical, Scientific Research ), Estimation & Forecast, 2017 - 2022" In 2016, the clinical research segment generated the highest revenue share in the global human primary cells market. Among major regions, North America was the highest revenue generating market, holding nearly 30% of the market share, in 2016.

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“Human primary cells of superior quality are being readily available across the globe. This has paved the way for nouveu applications in cell biology research. Cell providers active in the market are exploiting the opportunity and bridging the gap, in order to aid the scientists in utilizing their resources and time at full extent. Human primary cell providers are offering various value-added services to their clientele, along with research support, with an aim to expand their customer base and generate an identity in the market.”

Global human primary cells market to witness a plethora of potential applications in the upcoming years

The rapid growth in biotechnology and biopharmaceutical industries is slated to be the major driving force for the growth of human primary cell market. The Increasing research on personalized therapies and stem cells is fueling the growth of the market. Moreover, surge in the number of organ transplants and biobanking of cells, tissues and organs is driving growth of the market. According to the Global Observatory on Donation and Transplantation (GODT), around 126,670 organs were transplanted worldwide in 2015, witnessing a rise of 5.8% over the year 2014.

Market players opt for partnerships and M&A as their growth strategies in the stiff market competition

Key market players are opting for merger and acquisitions as their strategy to achieve innovations in the products and technological processes. Similarly, in order to achieve higher product quality the vendors are focusing their interests towards partnerships and new product development. The major market players are increasingly able to deliver additional, value-added services and support to primary cell clients, as they continue to evolve their business models. Thermo Fischer, a prominent market player has signed several agreements and partnerships, with an aim to enhance its product portfolio and expand its global presence. In 2016, Thermo Fisher Scientific collaborated with HEALTH BioMed (HBM) to support HBM’s development of molecular diagnostic (MDx) kits for infectious disease and pharmacogenomics screening.

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North America accounted for the largest market share for global human primary cells market, owing to the increasing government initiatives

North America held nearly 30% market share, in terms of revenue, of the global market. It is expected to maintain its lead and grow with an impressive CAGR of 12.5% during the forecast period. Government authorities are focusing on the biomedical research and development programme. Certain regulations have been imposed, with an aim to provide products with ethical norms, protection for donors, medical privacy, laboratory standards, importation of biological materials. In 2016, the U.S. government initiated Cancer Moonshot, in order to boost the cancer research. It was commenced with an aim to ensure the availability of therapies to as many patients as possible, along with the ability to prevent cancer and detect it at an early stage. As per National Cancer Institute (NCI), an initial amount of $300 million had been appropriated in the fiscal year (FY) 2017 to fund the Moonshot initiatives.

NORTH AMERICA HUMAN PRIMARY CELLS MARKET BY APPLICATION, 2012-2022

KEY FINDINGS OF GLOBAL HUMAN PRIMARY CELLS MARKET, 2012-2022

• In 2016, Hematopoietic cells segmented garnered the highest revenue share. However, the liver cells segment is expected to grow with the highest growth rate of 9.9% during the forecast period. • The medical research segment is anticipated to grow with an impressive CAGR of 9% during the forecast period. • Market players are focusing on partnerships, mergers and acquisitions, in order to attain large share of the global market and become the market leader. • North America led the global human primary cells market in 2016, in terms of revenue, by holding nearly 30% of the total share.

GLOBAL HUMAN PRIMARY CELLS MARKET SHARE OF KEY MANUFACTURERS (2016)

Some key market players are Lonza, Thermo Fisher Scientific, Sigma-Aldrich, Cell Biologics, PromoCell GmbH, Cureline, Zen-Bio, Stemcell Technologies, and Pelobiotech.

Contact: Address: S. No.8/2A/1, Vitthal Heights, Above Yashwant, Kharadi, Pune-411014 Tel: [phone] Email: [email protected]

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MICR Printer Market: Business Opportunity, driving Factors & Highlights of The Market

As per the report "Magnetic Ink Character Recognition (MICR) Printer Market By Type (Inkjet MICR Printer and Laser MICR Printer),By Application (Bank,Other), Industry Trends, Estimation and Forecast, 2017-2025" In 2017, the laser segment generated the highest revenue share in the global Magnetic Ink Character Recognition (MICR) printer market. Among major regions, North America was the highest revenue generating market, holding nearly 25% of the market share, in 2017.

“Technological advancements in the printing solutions has propelled market players to adopt the latest technologies and expand their business horizons in the MICR printing solutions. For instance, Monotech Systems (MSL), a prominent player in the Indian market has installed a JetSci iMCR inkjet system at one of the leading security printers in South India. It is a customized solution that can easily be integrated with both online and offline web machines, as per the customers requirement and configuration. ”

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MICR printers pave their way through varied applications, owing to their ability to offer secure features

Apart from traditionally being used for banking and financial purposes, MICR printers find wide usage in various industries such as Payroll check printing, government sector applications, hospitality, healthcare and retail. Prescription forging is a major issue which is concerning the health authorities of various countries. MICR printed prescriptions have emerged out as the best solution to check drug frauds as they cannot be replicated. Fraud risk, data security and public scrutiny are some major issues for every government.

Banking sector offers lucrative growth opportunities to the players active in the global MICR printer market

MICR printers are an effective solution for printing secure and informative negotiable documents, especially bank cheques. MICR technology offers secure cheque printing solution and revolutionized teller-customer interaction. It has emerged out as a fast and easy way to securely print MICR cheques and other sensitive documents, for all types of loan closings, while making sure that the clients have control over the entire process. The bank segment is expected to grow with an impressive CAGR of 2% during the forecast period.

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North America gained the highest revenue in the global market, owing to the growth in its industrial sector

North America accounted for nearly 25% market share, in terms of revenue, of the global market. It is anticipated to maintain its dominance in the long run and exhibit an impressive CAGR of 1.1% during the forecast period. North America extensively uses MICR technology in various industries such as retail, healthcare, payroll, banking, government, and few others. The interlocking of the healthcare and pharmaceutical industries creates one of the largest verticals in North America. In 2016, approximately 4.4 billion medical prescriptions were dispensed to the patients in United States. According to the Drug Enforcement Agency (DEA), approximately $5 billion are lost each year under the fraudulent prescription activities. To help combat counterfeit healthcare acts, hospitals and clinics have utilized the benefits offered by secure prescription printing software and MICR printers. Thus extensively opening the market for MICR printers in America in every vertical.

JAPAN MAGNETIC INK CHARACTER RECOGNITION (MICR) PRINTER MARKET SIZE BY TYPE, 2015 - 2025

KEY FINDINGS OF GLOBAL MAGNETIC INK CHARACTER RECOGNITION (MICR) PRINTER MARKET, 2017-2025

• The laser segment is expected to witness the highest growth rate of 1.4% in the upcoming years. • The global Magnetic Ink Character Recognition (MICR) printer market is anticipated to witness a declining price trend during the forecast period 2018-2025. • North America led the global Magnetic Ink Character Recognition (MICR) printer market in 2017, in terms of revenue, by holding nearly 25% of the total share. • Bank application segment is expected to grow with an impressive CAGR of 2% during the forecast period.

GLOBAL MAGNETIC INK CHARACTER RECOGNITION (MICR) PRINTER AVERAGE PRICE BY REGION, 2017

Some key market players are Ricoh, Relyco, HP, Lexmark, Canon, Xerox, Fuji, Lenovo, and Delphax Technologies Inc. Detailed coverage on these market players with information on their revenue from MICR printers, production, capacity, market share, gross margin and their growth strategies have also been provided in the report.

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Aliphatic Isocyanates Market: Driving Factors, Key Market Players & Industry Trends

As per the report "Aliphatic Isocyanates Market By Type ( HDI, IPDI, H12MDI ), By Application ( Coatings, Adhesives & sealants, Elastomers ) Industry Trends, Estimation & Forecast, 2017 - 2025" In 2017, the coatings segment generated the highest revenue share in the global aliphatic isocyanates market. Among major regions, Europe was the highest revenue generating market, holding nearly 30% of the market share, in 2017.

“Advancements in end use applications of aliphatic isocyanates is urging the market players to invest heavily in their R&D activities. Prominent market players are investing billions of dollars, in order to enhance their product portfolio and meet the altering customer demands.”

Among various applications, the coating segment gained the highest market share and is expected to maintain the trend

The coatings segment gained nearly 85% of the total market share, 2017. Coatings and paints are indispensable components of any automobile and machinery manufacturing industry. They include automotive coatings, agricultural machinery, aircrafts, railway locomotives and coaches, plastic articles and various others. The constant growth of automobile and machinery industry is expected to drive the demand of aliphatic isocyanates for coatings.

HDI emerges as the highest revenue generating segment in the global aliphatic isocyanate market

The HDI aliphatic isocyanates market is majorly driven by the growth in end-user industries. In addition to this, major aliphatic isocyanate manufacturers are expanding their operations in the Asia-Pacific region, which is driving the growth of this segment. Moreover, surging demand of HDI in the manufacturing of a variety of products, including automobiles, aircraft, flooring, furniture, safety equipment, machinery, medical devices and infrastructure projects is fuelling the market growth.

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Europe garnered the highest revenue in the global market, owing to the growth in its industrial sector

Europe held nearly 30% market share, in terms of revenue, of the global market. It is anticipated to maintain its dominance in the long run and exhibit an impressive CAGR of 2.9% during the forecast period. Europe is a one of the top manufacturer of automobile and mechanical components. In Europe, the sealants and adhesives produced via aliphatic isocyanates are majorly used in the construction industry. According to FEICA, approximately 29% of the adhesives and sealants produced are utilized in the construction activities. Moreover, various European aliphatic isocyanate producers formed an association known as the European Aliphatic Isocyanates Producers Association (ALIPA), which mainly deals with the safe and proper use of aliphatic isocyanate.

CHINA ALIPHATIC ISOCYANATES MARKET SIZE AND GROWTH RATE, 2015-2025

KEY FINDINGS OF GLOBAL ALIPHATIC ISOCYANATES MARKET, 2017-2025

• The global aliphatic isocyanate market is anticipated to witness a declining price trend during the forecast period 2018-2025. • Indian Railways have adopted Epoxy cum Polyurethane painting system for exterior painting of railway coaches, diesel, and electric locomotives, which is boosting the regions market growth. • Elastomers segment is expected to grow with an impressive CAGR of 3.8% during the forecast period. • Europe led the global aliphatic isocyanates market in 2017, in terms of revenue, by holding nearly 30% of the total share.

GLOBAL ALIPHATIC ISOCYANATES PRODUCTION BY TYPE, 2015-2025

Some key market players are Covestro AG, Evonik Industries AG, Vencorex, BASF, Asahi Kasel, NPU, and Wanhua Chemical. Detailed coverage on these market players with information on their revenue from Aliphatic Isocynates, production, capacity, market share, gross margin and their growth strategies have also been provided in the report.

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Lauric Aldehyde Market: Industry Trends, Business Opportunity, Key Market Players, Estimation & Forecast, 2018-2025

As per the report "Lauric Aldehyde Market By Type (Food Grade and Industrial Grade),By Application (Drinks & Food, Cosmetics and Personal Care Products), Industry Trends, Estimation and Forecast,2017-2025" In 2017, the Drinks and Food segment generated the highest revenue share in the global lauric aldehyde market. Among major regions, China was the highest revenue generating market, holding nearly 30% of the market share, in 2017.

“Customer preferences, and demographics have always been influencing the growth of lauric aldehyde market. Some customers prefer their perfumes & cosmetics to be pungent and sharp, while others prefer them to be soft, calm and natural. Increasing e-commerce and rising concerns regarding grooming and beauty, especially among youth, is expected to boost the demand of lauric aldehyde in the consumer driven market.”

Industrial grade lauric aldehyde garnered the highest market share due to its surging demand in varied industrial applications

There is a wide application of lauric aldehyde in industries, especially in the chemical industry. Lauric aldehyde finds an explicit usage as a surfactant in the chemical industry, owing to its ability to reduce the surface tension of water or two immiscible substances. It is also used as a cleaning and conditioning agent in the fabric industry. Moreover, it’s increasing usage as an attractant in agrochemical industry, paint additive and lubricant additive is expected to boost the growth of industrial grade lauric aldehyde market.

Drinks and Food segment to grow with an impressive CAGR of 5.3% during the forecast period

Due to its pleasant floral odor, lauric aldehyde is widely used in products such as ice-creams, candy, baked goods, gelatin desserts, chewing gum and many others. Moreover, the growing trend of consuming packaged food and beverage is also stimulating the market growth. In addition to this, rising awareness of end users regarding food additives and increasing inclination towards naturally derived oils and flavors is also expected to boost the segment growth.

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China gained the highest revenue in the global market, owing to the growth in its industrial sector

China held nearly 30% market share, in terms of revenue, of the global market. It is anticipated to maintain its dominance in the long run and exhibit an impressive CAGR of 4.2% during the forecast period. Increasing consumer spending along with change in standard of living are few factors which are uplifting the product demand in this region. Moreover, growing importance of personal grooming among teenagers and surging use of famous brands of cosmetics & perfumes acts as a big opportunity for lauric aldehyde market growth.

CHINA LAURIC ALDEHYDE PRODUCTION, CAPACITY AND GROWTH RATE, 2012-2022

KEY FINDINGS OF GLOBAL LAURIC ALDEHYDE MARKET, 2017-2025

• The Food grade segment is expected to witness the highest growth rate of 6.5% in the upcoming years. • The global lauric aldehyde market is anticipated to witness a declining price trend during the forecast period 2018-2025. • China led the global lauric aldehyde market in 2017, in terms of revenue, by holding nearly 30% of the total share. • Cosmetics segment is expected to grow with an impressive CAGR of 5.8% during the forecast period.

GLOBAL LAURIC ALDEHYDE MARKET SHARE OF KEY MANUFACTURERS, 2017

Some key market players are Indukern, SRS Aromatics, Vigon international, Asteir Demarest, and Kalpsutra chemicals. Detailed coverage on these market players with information on their revenue from Lauric Aldehyde, production, capacity, market share, gross margin and their growth strategies have also been provided in the report.

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The rising Trend of Cashless Transactions Is The Key Booster For The Banking Smart Card Market

As per the report "Banking Smart Card Market By Type ( Contact, Contactless ), By Application ( EMV, Non-EMV ), Estimation & Forecast, 2017 - 2022" In 2016, the EMV segment generated the highest revenue share in the global banking smart card market. Among major regions, United States was the highest revenue generating market, holding nearly 30% of the market share, in 2016.

“Millenials are loyal and love to co-create products with the companies. They prefer cards that leverage value- added applications that broaden the cards reach. Millennial desire for products that help them reach their goals and aspirations, which in this market may translate into travel rewards, cash cards, and more.”

EMV- a cornerstone in the future of payments security

EMV stands for Europay, Mastercard and VISA. Now a day the rising threat to consumer data has propelled the adoption of EMV technology, as it offers a safe way for users to carry out their transactions. Consumers want security and convenience and EMV has proven to be a strong pillar in reducing fraud. According to the data revealed by EMVCo, globally, 42.4% of all card-present transactions undertaken between June 2015 and June 2016 used EMV chip technology.

Contactless card segment to show a robust growth in the upcoming years, owing to the technological advancements

Contactless banking smart cards are used for contactless payments which require secure payment transactions, as they do not require physical contact between the payment devices. A contactless card requires close proximity to a card reader, as they communicate using radio frequencies. According to the UK Cards Association, in 2015, the number of contactless payments soared by 228% as compared to the previous year.

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United States accounted for the largest market share for global banking smart card market, owing to the strong cashless transaction trend

United States held nearly 30% market share, in terms of revenue, of the global market. The U.S. being a developed country has adopted card based bank transactions since late 1990s. Billions of cards are being deployed in the U.S., mainly through the banking, and credit card industries. Europay, MasterCard and Visa (EMV)-compliant cards and equipment are widespread over the US consumer platform. In addition to this, people now have a tendency to prefer cashless transactions rather than cash transactions. As per a report, there are nearly 174 million credit card holders in the U.S.

GLOBAL BANKING SMART CARD CAPACITY, PRODUCTION, PRICE TREND, 2012-2022

KEY FINDINGS OF GLOBAL BANKING SMART CARD MARKET, 2012-2022

• Developing nations such as South Korea and Taiwan are expected to offer humongous opportunities for the market growth in the upcoming years. • Australia is a frontrunner in terms of contactless adoption, with over 60 percent of all debit transactions being contactless. • Market players are focusing on mergers and acquisitions, in order to attain large share of the global market and become the market leader. • United States led the global banking smart card market in 2016, in terms of revenue, by holding 30% of the total share.

GLOBAL BANKING SMART CARD PRODUCTION SHARE OF KEY MANUFACTURERS (2012 Vs. 2016)

Some key market players are Gemalto, Giesecke & Devrient, Morpho, American Express, ARM, Bell ID, CardLogix, DataCard, HID Global, Infineon Technologies, MasterCard, Smart Card IT Solutions, and Visa.

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Biaxially Oriented Polypropylene (BOPP) Capacitor Film| Huge Applications|Dominating Market Players| Industry Trends

As per the report "BOPP (Biaxially Oriented Polypropylene) Capacitor Film Market By Thickness ( 3µm, 4~6 µm, 7~9 µm, 10~12 µm, 13~15µm, >15µm ), By Application ( Power Converter Stations, Locomotive, Automotive, Industrial) Industry trends, Estimation & Forecast, 2017 - 2025" In 2016, the power converter station segment garnered the highest market share in the global BOPP capacitor film market. Among major regions, North America was the highest revenue generating market, holding nearly 30% of the market share, in 2016.

“Film capacitors are a large family of capacitors that vary depending upon their dielectric properties. More than 50% of the film capacitors are manufactured via biaxially oriented polypropylene films, as it offers high electrostatic capacitance, low dissipation factor, and low self-heating characteristic. BOPP capacitor films have humongous growth opportunities due to their surging applications in various industries such as consumer electronics, energy & power, automotive, locomotive, and several others.”

Automotive segment to offer lucrative opportunities and witness an impressive growth rate during the forecast period

In 2016, the power converter station garnered the highest revenue. However, the surging applications of film capacitors in the automotive industry is expected to offer a high growth rate to the sector. The constantly increasing demand for energy saving and alternative energy sources has led to an accelerated emergence of products such as hybrid vehicles and electric vehicles. Film capacitors find a vital role in the manufacturing and functioning of automobiles, due to which this segment is expected to offer lucrative opportunities to the market players and enhance the products efficiency.

Thinner BOPP films to gain traction in the upcoming years due to their peculiar characteristics

The adoption of thin films for capacitor manufacturing is on a rise. As the thickness of BOPP films decreases, the electrostatic capacitance of the capacitors increases. Generally, films having a thickness of less than 7µm are preferred for the manufacturing of capacitors. The 3µm segment is anticipated to grow with the highest CAGR of 5.14% during the forecast period. The advent of thinner BOPP capacitor films is leading to the emergence of nouveu applications of film capacitors in new energy fields and energy vehicles.

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North America emerges out as a market leader, owing to the presence several industries in the region

North America held nearly 30% market share, in terms of revenue, of the global market. The region is anticipated to maintain its dominance throughout the forecast period. Electronics industry is one of the major contributor in the economic development of U.S. Several electronic goods are made up of highly efficient film capacitors that are responsible for their optimum performance. Thus, the growth in electronic industry is fueling the growth of BOPP capacitor film market in this region. Moreover, the surging trend of electric vehicles in North America is also boosting the market growth and is expected to continue to do so in during the upcoming years as well.

NORTH AMERICA BOPP CAPACITOR FILM MARKET, BY APPLICATION, 2012-2022

KEY FINDINGS OF GLOBAL BOPP CAPACITOR FILM MARKET, 2012-2022

• BOPP capacitor film manufacturers are focusing on their R&D efforts in order to improve the dielectric properties of BOPP film, with an aim to meet the enhanced needs of various capacitor applications. • The fluctuating prices of raw materials has led to the oscillating price trend of BOPP films, which in turn is influencing the revenue of market players. • Market players are earning a major chunk of their revenue from their export sales carried out all over the globe as compared to the domestic market sales. • North America led the global BOPP capacitor film market in 2016, in terms of revenue, by holding nearly 30% of the total share.

GLOBAL BOPP CAPACITOR FILM PRODUCTION, BY THICKNESS, 2012-2020

Some key market players are Tervakoski Film, ACE Group, Bollore, FlexFilm, Steiner GmbH & CO. KG, FSPG HI-TECH CO., LTD., HuanYuan Plastic Film Co., Ltd, Toray Advanced Film Co., Ltd, Samyoung Chemical Co., Ltd, Kopafilm Elektrofolien GmbH, Cosmo Films, and Xpro India Limited.

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DTH Hammer Bits Market: Industry Trends, Market Growth, Dominating Key Players, 2017-2025

As per the report "DTH Hammer Bits Market By Type ( Convex, Flat, Concave ), By Application ( Mining Industry, Waterwell Drilling, Construction, Oil & Gas Industry ), Industry Trends, Estimation & Forecast, 2017-2025"  In 2017, the convex type DTH hammer segment generated the highest revenue share of the global DTH hammer bits market. Among major regions, North America was the highest revenue generating market in 2017.

“The constant advancements and improvisations in the technologies and the swift increase in infrastructural development projects have influenced the demand for DTH hammer bits, driving the market growth. However, lack of awareness and technical skills coupled with environmental issues might hamper the growth of DTH hammer bits market.”

Concave face DTH hammers bits to dominate the global market in 2017, owing to its versatile functionality Concave DTH hammer bits have their faces curved inwards with buttons on them. They are highly suitable form medium hard to hard formations which are less abrasive and fractured formations. They have an excellent control over hole deviation. Granite, hard limestone, basalt are usually preferred to be drilled with concave DTH hammer bits. Moreover, these drills have a wide application in the drilling of deep water well, and on the construction sites in hilly areas where, hard rocks are to be drilled. The global concave face DTH hammer bits segment held more than 40% share of the global market in 2017 and is expected to grow with the fastest CAGR of 2.33% during the forecast period.

Construction industry exhibited the highest application of DTH hammer bits in 2016

DTH drilling is widely used in the construction industry to produce piles into rock and for footing as well. Due to high productivity, DTH is also gaining popularity in off shore foundation building. Moreover, DTH hammer bits are extensively used in the construction of tunnels. With the rising number of new buildings and skyscrapers, a strict demand for highly advanced anchoring has arisen. North America is one of the leading market for DTH hammer bits used in construction projects, owing to rising number of new residential and corporate buildings. However, the developing countries falling in the Asia-Pacific are expected to exhibit a considerable growth in the construction sector, which might act as a future opportunity for the DTH hammer bits market. However, the mining industry is expected to witness the highest CAGR of 2.33% during the forecast period, owing to rapidly increasing mining activities.

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Owing to rising energy demands and emergence of new construction projects, North America held the largest revenue share of the global DTH hammer bits market in 2017

A constantly rising demand for energy is compelling the governments to focus on the optimum supply of oil, gas and other energy sources in the region. The U.S. is one of the top six producers of oil and natural gas. Moreover, the Shale oil and gas boom in North America, is leading the E&P companies to expand their production. As per EIA, there is around 1800 trillion cubic feet wet shale gas and nearly 100 billion barrels of technically recoverable tight oil present in North America. Moreover, the exploitation of geothermal resources is opening new gateways for the DTH hammer bits market in the region. However, India, being a developing country and having huge platform for new construction and mining activities is expected to provide humongous growth opportunities to the DTH hammer bits market. The very market is expected to grow, holding the highest CAGR of 3.28% during the forecast period of 2018-2025.

CHINA DTH HAMMER BIT MARKET REVENUE AND GROWTH RATE, 2016-2022

KEY FINDINGS OF GLOBAL DTH HAMMER BITS MARKET

• In 2017, the convex type DTH hammer segment generated the highest revenue share of the global DTH hammer bits market • The mining industry is expected to witness the highest CAGR of 2.33% during the forecast period • The India DTH hammer bits market is expected to grow, holding the highest CAGR of 3.28% during the forecast period of 2018-2025. • North America held the largest revenue share of the global DTH hammer bits market in 2017

DTH HAMMER BITS MARKET REVENUE BY TYPE, 2016

Acquisition, product launch and strategic agreements have emerged out as the key strategies adopted by the major market players all over the globe. Some major market players of the DTH hammer bits market are Sandvik, Atlas copco, Borat Lonyear, Mincon, Rockmore, Halco Rock Tools, Bulroc, Drill King, Center Rock, Numa, WooKE and others.

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Modular Construction Market: Industry Trends, Market Growth, Dominating Key Players, 2017-2025

As per the report "Modular Construction Market By Type ( Re-locatable, Permanent ), By Application ( Commercial, Infrastructural, Residential ),Industry Trends, Estimation & Forecast, 2017 - 2025" In 2017, the permanent modular construction segment generated the highest revenue share. Among major regions, the U.S. was the highest revenue generating market in 2017.

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“The modularization and pre-manufacturing of the structural elements have emerged out as a beneficial catalyst for the infrastructural development of various commercial ventures. Moreover, the rise in urbanization and the upcoming trend of movable homes is also stimulating the demand for modular construction. The emergence of automation and development of various designing and modelling software such as BIM is expected to fuel the market growth”

Commercial segment to lead the global modular construction market in the near future

The constantly rising cost of conventional building material such as cement and red bricks coupled with increasing working population all over the globe has boosted the demand for modularized structures, especially in the commercial sector. Moreover, in the developed countries such as the U.S, hotel owners and designers have found it quite efficient and cost saving to use the newest forms of modular construction for their new projects. Structural units such as modular pump houses, gymnasiums, cabins, offices and medical buildings are some most common examples of commercial building modules. Also, a hike in the high rise office buildings in the metropolitan cities where on site construction is a tough deal, has contributed a lot in pushing the market growth. The very segment is expected to grow with the highest CAGR of 6% during the forecast period holding nearly 4/5th of the global market size.

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U.S. MODULAR CONSTRUCTION MARKET BY TYPE, 2017

Changing lifestyle and high cost of residential flats generates a hike in modularized homes in the U.S.

The U.S is one of the most developed countries in the world. The changing lifestyle, increasing population and high cost of residential flats has risen the demand for modularized homes in the very region. Moreover, an inclination towards the green buildings, high sustainability and cost effectiveness has also contributed in the growth of the regional modular construction market. However, countries of Asia-Pacific region such as China, Japan and India are some of the fastest growing economies of the world. A strong growth in the urbanized population and rapid growth of industrialization along with cost effectiveness, has generated a high requirement for modularized commercial and residential building in the region. India is expected to witness the fastest growth in terms of modular construction market growing with a CAGR of 9.5% during the forecast period. Permanent modular construction holds the major share of the global market owing to high durability and high sustainability Permanent modularized buildings are those structures which are designed and constructed off-site and then transported and assembled at the final required site. These structures cannot be relocated again and again. In the current time a harsh economic atmosphere is witnessed in various parts of the world. Permanent modular construction has emerged out as the best alternative of conventional construction. The environment friendly material used in these structural units and the cost effectiveness of modular homes has attracted numerous customers towards this technology from all over the globe, especially Europe and North America. The segment holds more than 60% of the global market and is expected to grow with the same trend in the upcoming future.

Key Findings of global Modular construction Market

• The commercial segment is expected to grow with the highest CAGR of 6% during the forecast period holding nearly 4/5th of the global market size. • The permanent modular construction segment holds more than 60% of the global market and is expected to grow with the same trend in the upcoming future. • The re-locatable modular construction segment is expected to grow with a CAGR of 5.9% during the forecast period. • High cost effectiveness and sustainability have emerged out as the major driving factors for the growth of modular construction market.

Frisomat, Qualimetal, Albaddad International, Touax, Kiewit, Terra Universal, Veldeman Structure Solutions, Taisei Corporation, Labconco, Chc Lab, Bigneat Containment Technology, ACS, Balfour Beatty and Bouygues Construction are some major market players of the global modular construction market. The report also provides detailed analysis of these market players with coverage on their revenue from modular construction business, market share, gross margin, geographical presence and similar others.