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Access Control Market Size, Industry Share and Growth Rate 2027

The global access control market size is expected to reach USD 20.02 billion by 2027 backed by the growing demand for cloud-based systems and the increasing popularity of mobile access control systems amongst enterprises. Fortune Business Insights in its latest report, titled, “Access Control Market Size, Share & COVID-19 Impact Analysis, By Component (Hardware, Software, and Services), By Type (DAC, MAC, RBAC), By Application (Homeland Security, Commercial, Residential, and Industrial), and Regional Forecast, 2020-2027.”, observes that the market stood at USD 10.31 billion in 2019 and is projected to exhibit a CAGR of 8.7% between 2020 and 2027.

COVID-19 to Accelerate Demand for Multifactor Authentication System

The global IT industry has advanced its security approaches and capabilities to provide faster responses to data thefts. The COVID-19 pandemic has proved to be the catalyst for accelerating this growth as the growing concerns regarding cyberattacks and phishing attacks are driving the adoption of multifactor authentication systems amongst enterprises. This development is likely to favor the market growth during the forecast period.

Access control is an efficient method that guarantees total access of the company data to its users. It provides data security to the users that enables access to valuable information and resources to the designated people while preventing data theft. Moreover, it provides access control policies and security technology to protect confidential information such as customer data for an enterprise.

What does the Report Include?

The market report includes qualitative and quantitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies to announce partnerships, introduce new products, and collaborate to further contribute to the growth of the market between 2020 and 2027. Moreover, the research analyst has adopted several research methodologies to extract information about the current trends and industry developments that will drive the market growth during the forecast period.

DRIVING FACTORS

Increasing Demand for Mobile Access Control Systems to Promote Growth

According to the survey by HID Global in 2019, around 54% of businesses are likely to shift to mobile access control systems by 2022. The growing adoption of smartphone and mobility devices is driving the organizations to introduce enterprise mobility access control solutions. These solutions provide increased productivity, reduced technology overhead, and saves cost and time. Furthermore, the increasing adoption of cloud-based systems amongst enterprises is expected to contribute to the global access control market during the forecast period.

REGIONAL INSIGHTS

North America to Remain at Forefront; Increasing Adoption of Cloud-Computing Solutions to Favor Growth

Among all the regions, North America is expected to remain dominant and hold the highest position in the global access control market during the forecast period. This dominance is attributable to the increasing adoption of cloud computing-based systems and the presence of established players that are developing advanced access control systems in the region between 2020 and 2027. North America stood at USD 3.81 billion in 2019.

The market in Asia-Pacific is expected to showcase significant growth backed by the growing adoption of smartphones and mobile computing devices in the region.

List Of Key Companies Profiled in this Market:

Nedap N.V. (Netherlands)

Genetec Inc. (Montreal, Canada)

Honeywell International Inc (North Carolina, United States)

Dots Info Systems (India) Pvt. Ltd., (Mumbai, India)

Bosch Sicherheitssysteme GmbH (New York, United States)

KISI Inc. (Brooklyn, NY, United States)

HID Global Corporation (Texas, United States)

Matrix Comsec Pvt. Ltd. (Gujrat, India)

Enterprise Systems Corporation (Texas, United States)

Perco (Saint Petersburg, Russia)

Identiv, Inc. (California, United States)

Centrify Corporation (California, United States)

dormakaba Holding AG (Rümlang, Switzerland)

Allegion plc (Ireland)

Johnson Controls, Inc. (Cork, Ireland)

ASSA ABLOY group (Stockholm, Sweden)

Ekran System Inc. (California, United States)

SolarWinds Worldwide, LLC. (Austin, Texas, United States)

TED Systems, Lenexa, KS. (Lenexa, United States)

Gemalto N.V. (Amsterdam, Netherlands)

IMEDIA France (Courbevoie, France)

Siemens Aktiengesellschaft (Munich, Germany)

Mace Security International Inc. (Ohio, United States)

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Online Gambling Market Size, Industry Share and Growth Rate 2028

The global online gambling market size is projected to reach USD 158.20 billion by 2028, exhibiting a CAGR of 11.4% during the forecast period. Fortune Business Insights™ provides this information in its report, titled “Online Gambling Market, 2021-2028”. As per the report, the value of the global market was USD 66.72 billion in 2020.

COVID-19 Impact

With a large chunk of people worldwide confined to their homes amid the coronavirus-induced lockdowns, the demand for virtual gaming suddenly spiked in many countries, such as Canada and Australia. Registering a CAGR of 11.2% and attaining a value of USD 74.17 billion in 2021, the COVID-19 pandemic has benefited the online gambling market growth and the market is also anticipated to display phenomenal growth once the pandemic is over.

Growing Availability of Online Payment Systems to Boost the Market

The main concern among online gamers and gamblers is the ease of payment. However, in today’s digital age, several virtual payment mechanisms are available and online gambling platforms are actively incorporating them into their ecosystem to ensure maximum customer engagement. For example, EcoPayz, an e-wallet from PayPal, allows players to create an ecoAccount and enables them to conduct their online casino transactions through one endpoint. Another mode of transaction is instant bank transfers, which are being extensively utilized by digital payment and gambling platforms. Trustly, for instance, is a hugely popular instant bank transfer service adopted by iGaming operators across Europe. The security ensured by these payment systems is stoking the adoption of virtual gaming among enthusiasts worldwide.

Lottery Segment to Make Steady Headway in the Market

On the basis of type, the market has been categorized into sports betting, casinos, poker, lottery, bingo, and others. The lottery segment is expected to gather momentum in the forthcoming years due to the increasing interest of players in draw-based online gambling games. The segment held a share of 15.1% in the global market and a share of 15.4% in the UK market in 2020.

Based on devices, the market has been segregated into desktop, mobile, and others. By region, the market has been divided into North America, Europe, Asia Pacific, the Middle East Africa, and South America.

Europe Generates $30.92 Billion Revenue in 2020, to Lead the Market through 2028

Europe is foreseen to lead the online gambling market share from 2021 to 2028 owing to the strong presence of some of the top players in the gambling industry. Moreover, the robust culture of sports and sporting events in Europe has also provided market players with rich content and themes to create exciting sports-themed virtual gaming platforms. The region’s market size stood at USD 30.92 billion in 2020.

In Asia Pacific, the widening adoption of smartphones and increasing utilization of blockchain-based payment methods, especially in Japan, are expected to augment market potential in the region. In North America, the market will be driven by stringent regulations on online gambling.

List of Key Players Profiled in this Market Report:

Mansion Casino (Gibraltar)

Evolution Gaming AB (British Columbia, Canada)

Scientific Games Corporation (Nevada, United States)

Buffalo Partners (New York, United States)

bet-at-home.com AG (Germany)

888 Holdings PLC (Gibraltar)

Bet365 (Stoke-on-Trent, United Kingdom)

Flutter Entertainment Plc. (Dublin, Ireland)

William Hill Plc. (London, United Kingdom)

Entain plc (GVC Holdings Plc.) (Douglas, Isle of Man)

Slots Heaven Casino (Slots Heaven Casino)

Sky Betting Gaming (Leeds, United Kingdom)

SPIN Casino (Canada)

DraftKings Inc. (Massachusetts, United States)

Betfred (Warrington, United Kingdom)

BetAmerica (California, United States)

LeoVegas AB (Stockholm, Sweden)

Betsson AB (Stockholm, Sweden)

com (Ontario, Canada)

Kindred Group Plc. (Valletta, Malta)

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Battery Energy Storage Market Current and Future Demand 2027

The global battery energy storage market size is projected to reach USD 19.74 billion by 2027, exhibiting a CAGR of 20.4% during the forecast period. Improving access to electricity across the globe will be a prominent trend shaping the growth trajectory of this market, postulates Fortune Business Insights™ in its report, titled “Battery Energy Storage Market Size, Share & COVID-19 Impact Analysis, By Battery Type (Lithium-Ion Battery, Lead Acid Battery, Flow Battery, and Others), By Connectivity (Off-Grid and On-Grid), By Application (Residential, Non-Residential, Utility, and Others), By Ownership (Customer-Owned, Third-Party Owned, and Utility-Owned) and Regional Forecast, 2020-2027”. According to a 2019 report produced by the International Renewable Energy Agency (IRENA), the International Energy Agency (IEA), the World Bank, the WHO, and the UN, 87% of the global population had access to electricity in 201 5 and by 2017 it had risen to 89%. However, the report highlights that approximately 840 million people still lack access to electricity. Battery energy storage systems (BESS) can play a significant role in bringing the electricity to the remotest and the poorest regions of the world. These systems are designed to store surplus energy that can be utilized at a later time and when deployed correctly, they can provide uninterrupted, reliable, and sustainable power supply in areas where ensuring access to such services is difficult through conventional means.

The report states that the value of the global market stood at USD 7.06 billion in 2019 and offers the following:

· Granular examination of the major market trends, drivers, and constraints;

· Detailed evaluation of all segments of the market;

· Careful study of the leading players and their strategies; and

· In-depth analysis of the regional developments influencing the market.

Regional Insights

Massive Investments in Renewables to Foster Growth in Asia Pacific

Asia Pacific, with a market size of USD 3.13 billion in 2019, is set to occupy a dominant position in this market owing to the extensive investments made in renewables by South Korea, India, and China. Moreover, these countries are rapidly implementing rural electrification programs, such as India’s Saubhagya Scheme and China’s Village Electrification Program, which has created a huge demand for battery energy storage systems.

In North America, supportive policies framed by state-level authorities to integrate BESS with the existing infrastructure are expected to power the market for BESS in the region. Europe is anticipated to fasten its grip on the battery energy storage market share during the forecast period owing to the EU’s ambitious emission reduction targets and unwavering focus on energy efficiency of the grid.

Industry Developments:

· August 2020: INFOWARE Zrt. chose the Convert SC Flex storage converters developed by AEG Power Solutions for the micro-grid that INFOWARE is constructing in Békéscsaba, Hungary. This smart-grid project is part of Hungary’s “Modern Cities” program and its object is to meet the energy needs of the city’s sports center area.

· April 2020: Clean Power Alliance, an electricity supplier in Southern California, signed its first Energy Storage Agreement (ESA) with the California Public Utilities Commission (CPUC). Named the Luna Storage project, the venture is a standalone 100 MW lithium-ion battery storage undertaking and one of the largest ESAs in the state.

List of Key Companies Profiled in the Battery Energy Storage Market Report:

· Siemens Energy (Germany)

· LG Chem (South Korea)

· VRB Energy (Canada)

· Fluence (United States)

· Total (France)

· Black & Veatch (United States)

· ABB (Switzerland)

· Eve Energy Co. Ltd. (China)

· GE Renewable Energy (France)

· Hitachi Chemical Co., Ltd. (China)

· Hitachi ABB Power Grids (Switzerland)

· Samsung SDI (South Korea)

· Kokam (South Korea)

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Modular Data Center Market Size, Industry Share and Growth Rate 2027

The global modular data center market size is expected to gain momentum by reaching USD 65.55 billion while exhibiting a CAGR of 19.0% between 2020 and 2027. This is attributable to the growing adoption of advanced technologies such as cloud and artificial intelligence (AI) by the SMEs that drives the demand for innovative modular data centers globally. This information is published by Fortune Business Insights, in its latest report, titled, “Modular Data Center Market Size, Share & COVID-19 Impact Analysis, By Component (Function Module Solutions, and Services), By Application (Emergency Data Storage, Temporary Storage Expansion, Disaster Recovery, Edge Computing and Others), By Data Center Size (Small and Medium Data Center, and Large Data Center), By Industry (BFSI, IT & Telecom, Government, Healthcare, Media & Entertainment, Others) and Regional Forecast, 2020-2027.” The report further mentions that the market stood at USD 16.56 billion in 2019.

List of the Companies Profiled in the Global Market:

· IBM Corporation (California, United States)

· CommScope Inc. (North Carolina, United States)

· Dell, Inc. (Texas, United States)

· HPE Company (California, United States)

· Baselayer Technology LLC (Arizona, United States)

· Vertiv Co. (Ohio, United States)

· Diversitec, Inc. (Virginia, United States)

· Iron Mountain Corporation (Massachusetts, United States)

· Rahi Systems (California, United States)

· Rittal GmbH & Co. KG, (Herborn, Germany)

· Schneider Electric SE (Rueil-Malmaison, France)

· Cannon Technologies Ltd (Hampshire, United Kingdom)

· Stulz GmbH (Hamburg, Germany)

· Instant Data Centers LLC (Arizona, United States)

· Colt Group SA (London, United Kingdom)

· Bladeroom Group Ltd. (United Kingdom)

· Huawei Technologies Co., Ltd. (Shenzhen, China)

· ZTE Corporation (Shenzhen, China)

DRIVING FACTORS

Growing Adoption of Cloud-based Services to Augment Growth

The generation of large amounts of data is propelling the companies to develop advanced solutions to store and maintain it efficiently. The growing adoption of cloud-based tools and applications provides the government and key players to centralize, compute, improve operational efficiency, and reduce the overall energy consumption. This further enables the companies to cater to the changing needs for critical IT power. Therefore, the adoption of cloud-based solutions and services is expected to contribute to the growth of the global market during the forecast period.

REGIONAL INSIGHTS

North America to Remain Dominant; Increasing Investments to Aid Growth

Among all the regions, North America is expected to hold the highest position in the global modular data center market. This is attributable to the increasing investments by the government and key players to develop prefabricated modular data centers in the region. North America stood at USD 5.69 billion in 2019.

The market in Asia-Pacific is expected to experience a substantial growth backed by the rising number of SMEs and startups in countries such as India and China between 2020 and 2027.

COMPETITIVE LANDSCAPE

Investment in R&D Activities by Major Companies to Expand Their Product Portfolio

The global modular data center market comprises several companies trying to leverage the opportunities by investing in R&D activities to develop advanced modular data centers to cater to the growing demand from enterprises. Additionally, the major companies are adopting strategies such as merger and acquisition, partnership, and collaboration to maintain their presence that will bode well for the growth of the market.

Industrial Development:

· January 2019 – GI Partners announced the purchase of two modular data centers from NTT Data and further plan to invest in the development of technological infrastructures. The company aim to strengthen its position in the global marketplace.

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Network Attached Storage Market Size, Industry Share and Growth Rate 2027

The global network attached storage market is anticipated to gain traction from its increasing demand from small and mid-sized businesses. It enables users to easily access their data by using a network connection. This information is given by Fortune Business Insights™ in a new report, titled, “Network Attached Storage Market Size, Share & COVID-19 Impact Analysis, By Component (Solution, and Services), By Product Type (High-end/Enterprise, Midmarket, and Low-end), By Storage Solution (Scale-up NAS, and Scale-out NAS), By Deployment (Cloud, and On-premises), By End-user (BFSI, Healthcare, Retail & e-commerce, IT & Telecomm, Automotive, and Others) and Regional Forecast, 2020-2027.” The report further states that the NAS market size was USD 14.74 billion in 2019 and is projected to reach USD 54.57 billion by 2027, exhibiting a CAGR of 18.2% during the forecast period.

COVID-19 Pandemic: Companies Surge Average Selling Prices to Balance Revenues

The outbreak of the COVID-19 pandemic is taking a toll on businesses across the globe. Numerous network attached storage vendors are taking immediate steps to prevent heavy losses. Seagate’s 2020 quarterly report declares that the company shipped approximately 120.2 Exabytes of hard disk drive (HDD) storage capacity. It was lesser by 9.3% in 2019. But, the average selling price of NAS has surged to USD 86.21. The main reason behind this is to balance revenues amid reduced shipments. Our authentic report would help clients to better understand the current scenario of the market.

This Report Answers the Following Questions:

What are the current trends propelling growth of the network attached storage market?

What are the innovations done by reputed organizations?

Which are the key segments to focus in the near future for prioritizing investments?

What are the challenges and opportunities for the market?

Drivers & Restraints-

Introduction of 5G Network by Telecom Service Providers to Bolster Growth

Several telecom service providers, such as Telefonica, Nokia, AT&T, and Ericsson are introducing 5G services rapidly. It is capable of connecting millions of devices, which, in turn, is set to boost the development of smart agriculture, smart factories, and of smart cities. Besides, the rising plans to develop smart cities would generate more demand for NAS systems as the cities will be connected to the cloud. However, the increasing concerns regarding privacy and security may hinder the network attached storage market growth in the coming years.

Fortune Business Insights™ lists out the names of the reputed network attached storage providers operating worldwide. They are as follows:

Dell Technologies Inc. (Texas, United States)

NetApp, Inc. (California, United States)

Hewlett Packard Enterprise Company (HPE) (California, United States)

Hitachi, Ltd. (Tokyo, Japan)

Western Digital Corporation (California, United States)

Seagate Technology Public Limited Company (PLC) (California, United States)

NETGEAR, Inc. (California, United States)

Synology, Inc. (Taipei, Taiwan)

Buffalo Americas, Inc. (Texas, United States)

QNAP Systems, Inc. (Taipei, Taiwan)

Drobo, Inc. (California, United States)

ASUSTOR Inc. (Taipei, Taiwan)

IBM Corporation (New York, United States)

Regional Analysis-

Rising Investments by Firms to Spur Digitalization to Favor Growth in Asia Pacific

Geographically, in 2019, North America procured 5.60 billion in terms of revenue. The U.S. and Canada are the major contributors to growth. Asia Pacific, on the other hand, is set to open doors to lucrative opportunities in the forthcoming years because of the expansion of the IT & telecom industry in the region. Google, for instance, is planning to invest around USD 10 billion in India through equity investments and partnerships for propelling digitalization across the country.

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Cloud Security Market Size, Industry Share and Growth Rate 2027

The global cloud security market size is projected to reach USD 1,545.6 million by the end of 2027. Recent technological advances in tools that allow integration of real-time cloud platforms will have a positive impact on market growth. According to a report published by Fortune Business Insights, titled “Cloud Security Market Size, Share & COVID-19 Impact Analysis, By Application (Identity and Access Management, Email and Web Security, Data Encryption and Prevention, Threat Intelligence, Monitoring and Prevention, and Others), By Security Type (Workload Security, Network Security, Platform Security, Application Security, EndPoint Security, and Others), By Enterprise (Large Enterprises, SMEs), By Deployment (Public, Hybrid, Private), By End-User (IT and Telecom, BFSI, Healthcare and Life Sciences, Manufacturing, Retail, Government, Energy and Utilities, Others), and Regional Forecast, 2020-2027,” the market was worth USD 578.4 million in 2019 and will exhibit a CAGR of 13.2% during the forecast period 2020-2027.

Cloud security is essential for securing any form of data that is either transferred through cloud gateways or stored on cloud platforms. Accounting to the increasing adoption of cloud servers across the world, there is a subsequent need for efficient security tools. The increasing internet penetration has had a huge impact on the growth of the overall cloud security market in recent years and recent technological advances will give the platform for vendors across the world. The availability of low cost as well as free cloud platforms has contributed to the growing adoption in several countries across the world. The increasing investments in security and reliability of data transmission over clouds will bode well for the growth of the global market in the foreseeable future.

Surge in Product Demand During the Covid-19 Pandemic will Emerge in Favor of Market Growth

The recent coronavirus outbreak has had a daunting impact on several industries across the world. With most companies suffering economically, the efforts taken to curb the spread of the disease will add to the woes. Having said that, it has been a contrasting case for online vendors. As most companies are looking to operate through online platforms, the demand for cloud tools has gone up significantly in the past few months. The increasing adoption of cloud platforms will subsequently create several growth opportunities for the companies operating in the global cloud security market in the coming years.

List of companies profiled in the report:

• Microsoft Corporation (Washington, United States)

• CISCO SYSTEMS, INC. (California, United States)

• IBM Corporation (New York, United States)

• Palo Alto Networks, Inc. (California, United States)

• Broadcom Inc. (California, United States)

• VMware, Inc. (California, United States)

• QUALYS, INC. (California, United States)

• Trend Micro Incorporated (Tokyo, Japan)

• ZSCALER, INC. (California, United States)

• Check Point Software Technologies (Tel Aviv-Yafo, Israel)

• Proofpoint Inc. (California, United States)

• Cloudflare, Inc. (California, United States)

• Fortinet, Inc. (California, United States)

• Foreseeti (Stockholm, Sweden)

• McAfee, Inc. (California, United States)

• Sophos Ltd. (Abingdon, United Kingdom)

• Panda Security (Bilbao, Spain)

• Bitglass, Inc. (California, United States)

• Imperva (California, United States)

• Aqua Security Software Ltd. (Ramat Gan, Israel)

• Barracuda Networks, Inc. (California, United States)

North America to Emerge Dominant in the Global Market; Massive R&D Spending has Yielded Several Innovative Software Products

The report analyses the ongoing market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in North America is projected to emerge dominant in the coming years. The high capital expenditures in the regional IT sector have created a huge platform for the companies operating in this region. The increasing investments in R&D of software based products have resulted in an increased adoption of cloud-based platforms. Additionally, the presence of several IT companies, especially in the United States, will also contribute to the growth of the regional market. As of 2019, the market in North America was worth USD 188.3 million and this value is projected to rise at a considerable pace in the coming years.

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Wires and Cables Market Size, Industry Share and Growth Rate 2027

The global wires and cables market is set to gain traction from the rising usage of renewable energy. Governments of various countries are also taking several initiatives for developing renewable power. This information is published by Fortune Business Insights™ in a new report, titled, “Wires and Cables Market Size, Share & COVID-19 Impact Analysis, By Voltage (Low Voltage, Medium Voltage, High Voltage, and Extra-High Voltage), By End-User (Aerospace & Defense, Construction {Commercial and Residential}, IT & Telecommunication, Power Transmission and Distribution, Oil & Gas, Consumer Electronics {High Tech Products, Small Appliances, Household Appliances, White Goods, HVAC, and Others}, Manufacturing {Industrial Machinery and Others}, Automotive {Passenger Vehicles and Utility Vehicles}, and Others), and Regional Forecast, 2020-2027.” The report further mentions that the market size was USD 184.92 billion in 2019 and is projected to reach USD 269.46 billion by 2027, exhibiting a CAGR of 5.0% during the forecast period.

COVID-19 May Hamper Demand Backed by Lockdown in Developing Nations

The COVID-19 pandemic has resulted in the complete halt of manufacturing processes worldwide. Developing countries, such as India and China are considered to be the major hubs for introducing advanced communication facilities, building smart infrastructure, and establishing new power plants. But, both these countries are under lockdown. It may obstruct the demand for wires and cables.

How Did We Conduct Our Research?

The report involved four notable activities in projecting the current market size. Exhaustive secondary research was conducted to gather data about the parent and peer markets. Our next step included primary research to authenticate these sizing, assumptions, and findings with numerous industry experts. We have also used bottom-up and top-down approaches to calculate the market size.

Regional Insights-

Asia Pacific to Remain at Forefront Fueled by High Demand for Electricity

Geographically, Asia Pacific procured USD 76.50 billion in 2019 in terms of revenue. The rising investments by India and China for broadening their transmission & distribution networks would accelerate growth. Also, the high demand for electricity will spur growth in this region.

On the other hand, North America is likely to retain its second position because of the rising energy efficiency and renewable energy generation. The U.S. Energy Information Administration (EIA), for instance, stated that in 2020, the total electricity generated in the U.S. by using renewables would reach 13%.

A list of all the renowned manufacturers operating in the global market for wires and cables:

• Prysmian Group (Milan, Italy)

• Southwire Company (Georgia, U.S.)

• Nexans (Paris, France)

• Furukawa Electric Co., Ltd. (Tokyo, Japan)

• Fujikura Ltd. (Tokyo, Japan)

• Sumitomo Corporation (Tokyo, Japan)

• Belden Inc. (Missouri, U.S.)

• LS Cable & System (Anyang, South Korea)

• KEI Industries Ltd (Delhi, India)

• Cords Cable Industries Ltd. (Delhi, India)

• Marlin Steel Wire Products LLC (Maryland, U.S.)

• Amphenol (Connecticut, US)

• Finolex Cables Ltd (Maharashtra, India)

• Polycab (Maharashtra, India)

• Encore Wire Corp (Texas, U.S.)

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Waste Sorting Equipment Market Size, Industry Share and Growth Rate 2027

The global waste sorting equipment market size is predicted to reach USD 1,846.0 million by 2027, exhibiting a CAGR of 12.4% during the forecast period. The rising need for solid waste management will have a tremendous impact on the market during the forecast period, states Fortune Business Insights in a report, titled “Waste Sorting Equipment Market Size, Share & Industry Analysis, By Material Type (Metal, Plastic, Cardboard & Paper, Others), By Application (Municipal and Industrial) and Regional Forecast, 2020-2027” the market size stood at USD 733.3 million in 2019. The rising waste crisis across the world will spur opportunities for the market in the forthcoming years.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Market Driver:

Government Implication for Environmental Protection to Augment Growth

The growing waste production has led the government to take strict measures to save the environment, which in turn, will boost the growth of the waste sorting equipment market. The stringent policies pertaining to environmental safety and protection will subsequently foster the growth of the market. for instance, several European countries have officially declared the recycling targets to prevent solid waste generation; an objective to recycle a minimum of 55% of municipal waste by 2025. The rising focus towards the processing of recyclable plastic will contribute positively to the growth of the market. Similarly, the construction of waste sorting facilities for the categorization of PE and PP will bode well for the market. Moreover, the introduction of advanced machines with cutting-edge technologies by manufacturers will significantly aid the expansion of the market. For instance, Steinert, a pioneer in waste management technologies company based in Germany announced the introduction of new Chutec chute sorter, sensor-based sorting equipment for nonferrous metals. The new machine has the capability to sort light and heavy metal in small grains, using it using X-ray fluorescence (XRF) to recover zinc, brass, and copper in no-time.

Regional Analysis:

Surge in Plastic Waste to Promote Market in Asia Pacific

The waste sorting equipment market in Asia Pacific is predicted to witness a high growth rate during the forecast period owing to the surge in plastic waste in the region. The expansion of various industries and the rising population will contribute to the waste accumulation in the region. The implementation of strict government regulations regarding plastic waste will have a positive impact on the market. Europe is expected to dominate the market during the forecast period owing to the increasing focus on environmental and waste management in the European countries. The presence of pre-eminent players in the region will further bolster the growth of the market in Europe. Moreover, strict government regulations along with growing recycling initiatives will create opportunities for the market in the region. In addition, the development of various waste management facilities will encourage the healthy growth of the waste sorting equipment market in Europe.

Key Players:

STEINERT GmbH (Germany)

TOMRA (Norway)

MSS, Inc. (USA)

Green Machine (USA)

Beston (Henan) Machinery Co., Ltd. (China)

CP Manufacturing, Inc. (USA)

Kingtiger (Shanghai) Environmental Technology Co., Ltd. (China)

REDWAVE (Parent :BT-Wolfgang Binder GmbH)(Austria)

Buhler Group (Switzerland)

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Power Cables Market Size, Share, Industry Analysis, and Regional Forecast – 2027

The global power cables market size is projected to reach USD 272.88 billion by the end of 2027. The increasing demand for energy and power across the world will lead to a wider product adoption. According to a report published by Fortune Business Insights, titled “Power Cables Market Size, Share & Industry Analysis, By Installation (Overhead, Underground and Submarine) By Cable Type (Low Voltage Cable, Medium Voltage Cable, High Voltage Cable), By Voltage (Up to 240V, 240V-1kV, 1kV-15kV, 15kV-100kV, 100kV-250kV, Above 250kV), By Application (Residential, Commercial, Industrial and Utility), and Regional Forecast, 2020-2027,” the market was worth USD 168.28 billion in 2019 and will exhibit a CAGR of 6.8% during the forecast period, 2020-2027.

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

List of Key Companies Profiled in the Power Cables Market Research Report are:

Prysmian Group (Italy)

ABB (Switzerland)

Nexans (France)

General Cable (US)

NKT Cables(Denmark)

Encore Wire Corporation (US)

Finolex Cables (India)

Bahra Cables Company (Saudi Arabia)

BRUGG Cables (Switzerland)

Riyadh Cables Group Company (Saudi Arabia)

Polycab India (India)

KEI Industries (India)

Asia Pacific to Account for the Highest Share; Rising Demand for Electricity in Several Countries to Aid Growth

The report analyzes the ongoing market trends across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Among these regions, the market in Asia Pacific is projected to emerge dominant in the coming years. The rising population and the increasing demand for power and energy will lead to a wider product adoption. The increasing efforts put in to harness renewable energy sources such as solar and wind will create several opportunities for the companies operating in the market. The presence of several large scale companies in this region will also contribute to market growth. As of 2019, the market in Asia Pacific was worth USD 60.96 billion and this value is projected to increase further in the coming years. Besides Asia Pacific, the market in North America will also witness considerable growth driven by the efforts taken to maximize the production and use of solar energy in several utilities.

Industry Developments:

April 2020: LS Cable & System announced that it has secured a contract from Netherlands based TeneT for the supply of submarine cables. The contract is worth 100.74 million Euros.

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Ventilation System Market Size, Industry Share and Growth Rate 2027

The global ventilation system market size is predicted to reach USD 33.17 billion by 2027, exhibiting a CAGR of 5.7% during the forecast period. The rising implementation of decentralized systems in the residential sector owing to its special benefits will have a positive impact on the market growth during the forecast period. Moreover, the rising emphasis on balanced ventilation systems to improve the air quality at workplaces will enhance the growth prospects of the market. For instance, as per a study conducted by World Green Building Council named “Health, Wellbeing and Productivity in Offices” indicated that the indoor air quality can lead to nearby 8-11% improvements in work productivity, states Fortune Business Insights in a report, titled “Ventilation System Market Size, Share & Industry Analysis, By Products (Axial & Centrifugal Fans, Heat Recovery Systems and Others), By Application (Commercial, Residential and Industrial) and Regional Forecast, 2020-2027” the market size stood at USD 21.40 billion in 2019.

List of Key Companies Operating in the Ventilation System Market are: UAB KOMFOVENT(Lithuania) CaptiveAire Systems (US) Greenheck Fan Corporation(US) S&P UK Ventilation Systems Ltd(UK) Twin City Fan & Blower(US) Johnson Controls (US) Honeywell International Inc (US) Mitsubishi Electric Corporation(Japan) Nortek Air Solutions (US) CENTROTEC SE (Germany)

Regional Analysis:

Heavy Demand for Exhaust Kits Amid COVID-19 to Contribute Growth in North America

The market in North America is likely to hold the largest share in the market during the forecast period. The growth in the region is attributed to the high demand for lab exhaust equipment in hospitals. For instance, Greenheck Group, a leading supplier of air movement, control, and conditioning equipment announced that it is delivering lab exhaust equipment such as Vektor & FumeJet to the hospitals in California for COVID-19 patient isolation rooms. The market in Asia Pacific stood at USD 8.82 billion in 2019 and is expected to rise impressively during the forecast period due to the rising demand for ventilators in infrastructure development activities. For instance, as per the Council on Tall Buildings and Urban Habitat survey, China built more than 57 tall buildings in 2019. The developing infrastructure and booming construction industry will favor the growth of the market in Asia Pacific. However, the coronavirus outbreak is likely to restrict the growth of the construction industry, which will simultaneously hamper the growth of the market.

Key Development: February 2020: Greenheck Group, a global leader and manufacturer of air movement, control, and conditioning equipment was listed as the 2019 Wisconsin Manufacturer of the Year in Milwaukee

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Video Surveillance Market Size, Industry Share and Growth Rate 2026

The global video surveillance market is likely to gain momentum from the increasing usage of deep learning technology. It helps in lowering calibration of algorithms and facilitating video analytics. Therefore, it is capable of driving the usage of video surveillance software in the near future. This information is given in a recently published report by Fortune Business Insights™, titled, “Video Surveillance Market Size, Share &COVID-19 ImpactAnalysis, ByComponent (Hardware, Software, and Video Surveillance as a Service (VSaaS)), By End-User (Commercial, Industrial, Residential and Government), and Regional Forecast, 2019-2026.”.The report further mentions that that the market size was USD 19.12 billion in 2018 and is projected to reach USD 33.60 billion by 2026, exhibiting a CAGR of 6.8% during the forecast period.

Drivers-

Increasing Smart City Initiatives to Skyrocket Demand

The rising adoption of artificial intelligence (AI) worldwide is one of the major video surveillance market growth drivers. The Carnegie Endowment for the International Peace Organization published a paper in 2019 which states that out of the total 176 countries, 75 of them are using AI for surveillance purposes, such as smart citing, facial recognition systems, and more. It proves that the rising development of facial recognition applications and smart city initiatives by several regions would contribute to the market growth.

Segment-

Industry Segment to Grow Significantly Owing to Security Issues in Manufacturing Sector

Based on end user, the market is segregated into government, residential, industrial, and commercial. Out of these, the industrial segment held 21.4% market share in 2018 for this market. This sector consists of the automobile industry, manufacturing & construction industry, and others. The manufacturing industry is mainly susceptible to a broad range of security issues, namely, theft of raw materials, such as steel, copper wires, and optical fibres, as well as expensive machines. Vandalism is also a major threat. Hence, video surveillance systems are required to conduct organized surveillance throughout the plant.

Regional Analysis-

Asia Pacific to Remain at the Forefront Stoked by High Government Initiatives in China

Geographically, the market is divided into Latin America, North America, the Middle East and Africa, Asia Pacific, and Europe. Amongst these, Asia Pacific held USD 10.58 billion in terms of market revenue in 2018. The region is anticipated to lead in the forthcoming period. This growth is attributable to the participation of China. The Chinese government is taking various initiatives to promote the utilization of such surveillance equipment. For instance, in 2017, it announced the completion of the ‘Skynet’ video surveillance program. It further helped in creating one of the largest surveillance networks worldwide. North America is set to grow significantly backed by the increasing adoption of these systems in many countries.

Fortune Business Insights™ lists out the names of all the companies present in this market. They are as follows:

• Avigilon Corporation

• BCDVideo

• Bosch GmbH

• Dahua Technology Co., Ltd.

• Axis Communications AB

• Hangzhou Hikvision Digital Technology Co., Ltd.

• Honeywell International, Inc.

• Huawei Technologies Co., Ltd.

• Panasonic Corporation

• Pelco

• FLIR Systems, Inc.

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AI in Manufacturing Market Size, Industry Share and Growth Rate 2027

The global AI in manufacturing market size is expected to rise owing to increasing demand for collaborative robots and growing semiconductor industry. According to Fortune Business Insights, its latest report, titled “Artificial Intelligence (AI) in Manufacturing Market Size, Share & COVID-19 Impact Analysis, By Offering (Hardware, Software, and Services), By Technology (Computer Vision, Machine Learning, Natural Language Processing, and Context Awareness), By Application (Process Control, Production Planning, Predictive Maintenance & Machinery Inspection, Logistics and Inventory Management, Quality Management, and Others), By Industry (Automotive, Medical Devices, Semiconductor &Electronics, Energy & Power, Heavy Metal & Machine Manufacturing, and Others), and Regional Forecast, 2020-2027.”, observes that the market will hit USD 9.89 Billion by 2027, while exhibiting a promising 24.2% CAGR between 2020 and 2027. This market is expected to witness substantial growth owing to the COVID-19 impact and hence the 2020-2027 CAGR is high/very high, as a large section of industry would look to adopt AI in order to automate the operation with less human intervention.

Artificial intelligence (AI) is believed to be a game-changing modern technology for the manufacturing industry. Adoption of AI in manufacturing provides multi-faceted benefits such as accurate and rapid data-driven decisions, minimizing of operational costs, optimizing several processes, and improving the overall experience of customer-satisfaction. In addition to this, AI can be easily embedded to the existing products and services offered by the companies to render them reliable, effective, and safe. For instance, in the automotive industry, AI-based technology such as computer vision is used to accurately detect obstructions to prevent road fatalities, while promoting safe driving.

List of the Companies Proliferating in the Market:

• Microsoft Corporation (United States)

• Google LLC (United States)

• IBM Corporation (United States)

• Amazon.com Inc. (United States)

• NVIDIA Corporation (United States)

• Siemens AG (Germany)

• GENERAL ELECTRIC (United States)

• SAP SE (Germany)

• Rockwell Automation, Inc. (United States)

• Mitsubishi Electric Corporation (Japan)

Regional Analysis:

Increasing Investment for AI-based Platform in Asia-Pacific to Drive the Market

Among the regions, the market in Asia-Pacific that hit USD O.68 Billion in 2019 is expected to hold the highest global AI in manufacturing market revenue during the projected horizon. This is ascribable to factors such as increasing investment for AI-based platforms in countries such as India, China, and Japan in the region.

The market in Europe is expected to be the second-most leading region in the forthcoming years. Countries such as the UK investing a huge sum of about USD 1.3 Billion in developing AI technology will drive the market growth in the region. North America, on the other hand, will witness significant growth owing to increasing investment in R&D activities and growing number of startups for AI technology between 2020 and 2027.

Competitive Landscape:

Rockwell Automation Introducing New AI Module to Augur Growth

In April 2019, Rockwell Automation, Inc. announced its launch of a new AI module, FactoryTalk Analytics LogixAI to enhance industrial production. The new AI module efficiently predicts analysis for precise decision making without interference from the data scientists. In addition to this, the module detects data anomalies, while alerting the workers to attain precise results. Major focus of the companies to provide AI-based solutions to strengthen market position will bode well for the growth of the market in the forthcoming years. Furthermore, amid the global pandemic, COVID-19, adoption of AI technology by the manufacturers will contribute to the market growth during the projected horizon.

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Smart Meter Market Size, Industry Share and Growth Rate 2026

The global smart meter market size is projected to reach USD 44.18 by the end of 2026. Recent technological advancements have emerged in favor of the market in the coming years. According to a report published by Fortune Business Insights, titled “Smart Meter Market Size, Share & Industry Analysis, By Type (Smart Electric Meter, Smart Gas Meter, Smart Water Meter) By Technology (Automatic Meter Reading {AMR} and Advanced Meter Infrastructure), By Application (Residential, Commercial and Industrial), and Regional Forecast, 2019-2026,” the market was worth USD 24.53 billion in 2018 and will exhibit a CAGR of 7.7% during the forecast period, 2019-2026.

A few of the leading companies that are operating in the global smart meter market include:

• Siemens (Germany)

• ABB (Switzerland)

• Kamsturp (Denmark)

• Itron (US)

• Landis + Gyr (Switzerland)

• Badger Meter (US)

• Diehl (Germany)

• Secure Meter Limited(UK)

• Aclara Technologies (US)

• Sensus (US)

• BMETER (UK)

• Jabil(US)

• Honeywell (US)

• ZENNER (US)

Smart meter provides two-way communication and acts as a medium between customers and service providers. This allows for improved efficiency, subsequently aiding the demand for the product across the world. Modern smart meters allow for improved product operations. The use of advanced concepts such as the IoT and sensor-based monitoring has opened up the potential for widespread product applications. The presence of several large scale companies has made a huge impact on the growth of the market in the foreseeable future. The increasing number of company mergers and collaborations has also contributed to the growth of the market. The contributions from government organizations, as well as private companies, will bode well for the market.

Increasing Number of Company Mergers Will Aid Growth

The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of company mergers and acquisitions has made the highest impact on the market. In March 2017, PUB awarded a contract to CH2M Hill Singapore. The contract will be aimed at the development and installation of 300,000 water meters. The water meters will be installed existing residential, commercial, and industrial premises by the end of 2023.This contract will have a positive impact on the growth of the overall market in the foreseeable future.

Asia Pacific Dominates the Market; Focus on Sustainable Energy Management to Aid Growth

The report analyzes the ongoing smart meter market trends across North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe. Among these regions, the market in Asia Pacific currently dominates the market. The focus on implementation of sustainable products by major companies will aid the growth of the regional market. As of 2018, the market in Asia Pacific was worth USD 12.23 billion and this value is projected to increase further in the coming years. The market in North America and Europe will witness considerable growth in the coming years, driven by the presence of several large scale companies in several countries across this region.

Industry Developments:

October 2019: The National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services Limited (EESL), announced a new joint venture labeled ‘IntelliSmart’.

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Centrifugal Pump Market Size, Industry Share and Growth Rate 2026

The global centrifugal pump market size is anticipated to reach USD 50.32 billion by 2026 owing to the rapid development of the commercial and industrial infrastructure worldwide. A centrifugal pump is a mechanical device that uses a simple mechanism for drawing up liquid from a high or low level. This is possible by converting rotational energy from a motor to energy in the moving liquid. According to a recently published report by Fortune Business Insights™ titled, “Centrifugal Pumps Market Size, Share & Industry Analysis, By Type (Axial Flow, Radial Flow, Mixed Flow), By Stage (Single-Stage, Multi-Stage), By End-user (Residential, Commercial, Industrial, Agricultural), and Regional Forecast, 2019-2026,” the market value stood at USD 36.05 billion in 2018. It will rise at a CAGR of 4.3% during the forecast period set from 2019 to 2026.

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

List of Centrifugal Pump Market Manufacturers are the following:

• Kirloskar Brothers Limited (India)

• ITT Inc. (U.S.)

• The Weir Group PLC (Scotland)

• Sulzer (Switzerland)

• Wilo Group (Germany)

• GRUNDFOS (Denmark)

• Xylem (U.S.)

• Flowrox (Finland)

• KSB Company (Germany)

• Flowserve Corporation (U.S.)

• Ebara Corporation (Japan)

• Dover Corporation (U.S.)

• Tsurumi Pump (Japan)

What is the Scope of the Report?

The report offers an elaborate overview of the market and its growth parameters, such as factors repelling, boosting, challenging, and creating opportunities for the market. It also emphasizes on the competitive landscape of the market, key industry insights, and other centrifugal pump market trends. Besides this, the report talks about market segmentation based on factors such as stage, type, end-user, and regions. Furthermore, the report highlights the list of players operating in the market, and the significant strategies adopted by them to gain a competitive edge in the market. These include mergers and acquisitions, contracts and agreements, investments in research and development, and other company collaborations. The report is available for sale on the company website.

Regional Segmentation:

Asia Pacific to Dominate Market with Rising Demand for Industrial Applications

At present, Asia Pacific is holding the largest centrifugal pump market share owing to the increasing demand for energy, coupled with the rise in processing and manufacturing industries. The significant nations contributing significant revenues to this region include India, China, Australia, Japan, and the Southeast Asian countries. On the other side, the market in North America will witness significant growth owing to the rise in expenditure on construction activities, coupled with rapidly developing industrial establishments. In addition to this, the increase in oil and gas production targets, coupled with substantial hydrocarbon reserves, is likely to aid in the expansion of the regional market.

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Workforce Management Market Size, Industry Share and Growth Rate 2026

The global workforce management market size is projected to reach USD 5.25 billion by 2026, exhibiting a CAGR of 10.1% during the forecast period. Growing need to enhance productivity and efficiency of employees among organizations will be the central growth driver for this market, as per the new Fortune Business Insights™ report, titled “Workforce Management Market Size, Share & Industry Analysis, By Component (Software, and Services), By Deployment (On-Premise, and Cloud), By Enterprise Size (SMEs and Large Enterprises), By Application (Workforce Analytics, Workforce Scheduling, Time and Attendance Management, and Others), By End-Use Industry (IT and Telecommunication, BFSI, Government, Retail, Healthcare, Education, Manufacturing, and Others) and Regional Forecast, 2019-2026”.

Majority of office tasks today are performed in a clockwork manner, requiring executives and other employees to use their decision-making faculties even for routine administrative work. This has resulted in declining productivity of the workforce, necessitating solutions to optimize management of workforce in companies. For example, Apollo Hospitals, a leading healthcare provider in Asia, deployed the Kronos Workforce Central in early 2019 in a bid to increase the efficiency and productivity of its employees. The product allows staff members to program their schedules and make user engagement easier and more convenient. Incorporation of such innovations by end-users in various sectors is expected to lead the workforce management market trends in the foreseeable future.

List of Players Profiled in the Workforce Management Market Report:

NetSuite, Inc.

Verint

Cornerstone OnDemand, Inc.

WorkForce Software, LLC.

Automatic Data Processing, Inc.

Oracle Corporation

Infor

IBM Corporation

Ultimate Software

Workday, Inc.

SAP SE

Kronos, Inc.

Regional Analysis

Government-led Digitization Initiatives to Drive Market Growth in Asia-Pacific

The market size in Asia-Pacific is anticipated to showcase the most impressive growth trajectory in the forthcoming years. The prime factor propelling the market in this region include digitization of services and processes, backed by strong government support. An excellent example of this is Singapore’s ‘Go Digital’ initiates that encourages SMEs to integrate digital solutions in their existing setups.

North America, with a revenue generation of USD 0.92 billion in 2018, is poised to dominate the workforce management market share as companies in the region are aggressively implementing cloud-based solutions. Additionally, the region is also home to some of the largest technology giants such as IBM and oracle, which augurs well for this market. In Europe, on the other hand, rising demand for automation is expected to fuel the market.

Industry Developments:

January 2020: The Italian gum and confectionary manufacturer Perfetti Van Melle chose Kronos Incorporated, the US-based workforce management leader, to automate its 2,600-strong workforce in eight countries. With Kronos Workforce Central, Perfetti will have a unified WFM platform to monitor its employees as well as optimize its manufacturing processes.

October 2019: The American human resource management tools provider Automatic Data Processing, Inc. expanded its WFM solutions portfolio to include ADP Compliance on Demand to track employee performance efficiently.

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Heat Recovery Steam Generator Market Size, Industry Share and Growth Rate -2026

In countries such as India and China, heat recovery steam generator systems are installed for generating electricity for infrastructural and industrial development. Governments are also taking initiatives to cater to the need of the rapidly multiplying population and their increasing demand for basic necessities, in which electricity plays a major role. Such initiatives are likely to bode well for the global heat recovery steam generator market. According to Fortune Business Insights, the market for heat recovery steam generating systems is anticipated to rise exponentially on account of the growing demand for energy and power for daily consumption in all residential, industrial and commercial sectors.

According to a report by Fortune Business Insights, the Heat Recovery Steam Generator Market is segmented into above 100MW, 51MW-100MW, 31MW-50MW, and 0-30MW, based on power rating. Among these, the 30MW capacity segment is currently holding a significant market share owing to their compact size and efficiency to utilize waste heat. The 30 MW capacity is used in various grid and commercial networks and small industries.

Key Companies

Amec Foster Wheeler

THERMAX

Siemens

Alstom

Rentech

XIZI UHC

Mitsubishi Hitachi Power System

XIZI UHC

Cannon Bono Energia

CMI Groupe

General Electrics

Cleaver-Brook

The report on global heat recovery steam generator system by Fortune Business Insights is titled,” Heat Recovery Steam Generator Market Size, Share and Global Trend By Design (Horizontal Drum, Vertical Drum), By Application (Cogeneration, Combined Cycle), By Power rating (Up to 30MW, 31MW-50MW, 51WM-100MW, Above 100MW), By End-user (Power Generation, Refinery, Chemical, Paper & Pulp, Commercial, Utility) and Geography Forecast Till 2026”. The report focuses on growth drivers and restraints, trends and opportunities and competitive landscape of the market. All information provided in the report are gathered from both primary and secondary resources.

Key Industry Developments

In Apr 2019, MHPS secured a contract to supply equipment like a gas turbine, steam turbine, generator, and heat recovery steam generator for 1026.3MW natural gas power plant GTCC power plant for the UAE’s Emirates of Sharjah.

In Apr 2019, METKA SA has signed a deal of worth €118 million with JAVNO PODJETJE ENERGETIKA, Ljubljana for engineering, procurement, and construction of new combined heat and power plant in Ljubljana. The scope of this project to supply, installation and commissioning of two gas turbine, two heat recovery steam generator with the necessary equipment required for construction.

In Mar 2019, GE Power and Bangladesh’s independent power producer summit have agreed to co-develop a combined cycle gas power plant called Meghnaghat II near Dhaka to generate electricity to power households, businesses, and industries across the country. The scope of this project is to supply 9HA.01 gas turbine, heat recovery steam generator, steam turbine generator, condenser and associated system for power plant.

Segmentation

1. By Design

Horizontal Drum

Vertical Drum

2. By Application

Cogeneration

Combined Cycle

3. By Power rating

Up to 30MW

31MW-50MW

51WM-100MW

Above 100MW

4. By End-user

Power Generation

Refinery

Chemical

Paper & Pulp

Commercial

Utility

Others

5. By Geography

North America (USA and Canada)

Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)

Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

Latin America (Brazil, Mexico, and Rest of Latin America)

Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)

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Portable Generator Market Size, Share, Supply, Demand, Segments and Forecast 2026

The global portable generator market size is projected to reach USD 5.87 billion by 2026, exhibiting a CAGR of 5.4% during the forecast period. Rising incidence of natural disasters across the globe will play a central role in augmenting the growth of this market, shares Fortune Business Insights™ in its new report, titled “Portable Generator Market Size, Share and Global Trend by Fuel (Diesel, Gas, and Others), Power Rating (Below 5kVA, 5-15kVA, 15-45kVA, 45-75kVA), By Application (Residential, Commercial, and Others), and Regional Forecast, 2019 to 2026”.

Weather-related natural calamities such as hurricanes and floods have spiked in terms of frequency in last few decades. According the United Nations Office for the Coordination of Humanitarian Affairs (OCHA), a staggering 315 natural disasters occurred in 2018, causing nearly 12,000 deaths globally. Bulk of the burden of these disasters was borne by countries in Asia, with Indonesia accounting for half of the total deaths, the OCHA highlights. Furthermore, the world suffered an economic loss of approximately USD 131.7 billion as a result of these calamities. One of leading factors aggravating the intensity of loss created by such tragedies is poor energy and power infrastructure. A study conducted by the European Commission found that restarting power generation in flood-hit regions can take up to 3 weeks. Portable generators, therefore, can prove to be critical during and after such events for rehabilitation and recovery purposes.

List of Key Players Covered in the Report:

Wacker Neuson (Germany)

John Deere (United States)

Manlift Group (United Arab Emirates)

Briggs & Stratton (United States)

Kohler-SDMO (France)

Kirloskar Electric Co. Ltd (India)

Himoinsa (Spain)

Caterpillar Inc. (United States)

PRAMAC (Italy)

Yamaha Motor Corporation, USA (United States)

Aggreko (United Kingdom)

Ingersoll Rand (Ireland)

Cummins Inc. (United States)

Regional Analysis

Speedy Economic Development in China and India to Fuel the Market in Asia-Pacific

With a market size of USD 1.33 billion in 2018, Asia-Pacific is poised to dominate the portable generator market share during the forecast period. One of the main reasons for the region’s leading position is the unprecedented economic rise of India and China. These countries are heavily investing in establishing strong and durable grid infrastructure to meet their energy demands.

Poor energy infrastructure in most African countries is creating several growth opportunities in the Middle East and Africa region for the market. Moreover, African countries are exhibiting promising economic growth, which is attracting MNCs into the region and upping the demand for portable generators in the continent.

Competitive Landscape

Increasing Operations of Small and Medium Enterprises (SMEs) to Intensify Competition

Small and medium enterprises (SMEs) are gaining significant ground in emerging economies and their energy demands are consistently growing, which has brightened the portable generator market outlook. These SMEs are primarily engaged in manufacturing where the demand for uninterrupted power supply is high.

Industry Developments:

January 2019: Yamaha Motor Corp launched its new line of portable inverter generators called EF2200iS. These generators will be an addition to the company’s existing portable generator offerings and will feature an LED control panel and larger power capacity, whilst being lightweight.

February 2017: Atlas Copco’s Portable Energy Division unveiled its novel and powerful portable generators at the CONEXPO 2017 held in Las Vegas. The company’s QAS generator series is engineered specifically for the market in the US, while the iP generators are designed to be fuel efficient and compact.