Apac Gas Leak Detectors Market $ Opportunity Analysis by 2024

​Rapid adoption rate and growing preference for gas leak detectors will create lucrative market opportunities for manufacturers operating in the APEC region during the next eight years. Further, convenience of mobility coupled with ease of handling offered in latest gas leak detectors is expected to fuel their demand across various industrial domains” – PMR

Persistence Market Research (PMR) in its latest outlook titled “Gas Leak Detectors Market: APAC Industry Analysis and Forecast, 2016-2024,” projects that the gas leak detectors market in APAC is set to witness a pronounced growth, expanding at a CAGR of 5.9% in terms of value over the forecast period (2016-2024). The market is expected to be governed by trends such as development, adoption and use of advanced technologies such as Internet of Things (IoT) and artificial neural network technology, becoming more prevalent over the forecast period.

Market Overview

PMR’s report delivers key insights on APAC gas leak detectors market, which is foreseen to reach US$ 1,647 Million by the end of 2024. The market growth will be primarily driven by the expansion of key end user industries such as oil & gas, chemicals and petrochemicals. In addition, increasing natural gas exploration activities and setting up of numerous oil refineries in the region is projected to drive the market during the assessment period. Gas leak detectors are being rapidly installed in residential and commercial vicinities, which is further anticipated to influence the growth of APAC gas leak detectors market in the near future. Also, healthy penetration of emergency systems in ASEAN countries and India is translating into higher demand for gas leak detectors.

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Demand for Portable Gas Leak Detectors Expected to Gain Maximum Traction over 2024

Based on product type, portable gas leak detectors is expected to register the highest growth in terms of value, witnessing a 6.2% CAGR over the forecast period. The segment is set to gain around 130 basis points by the end of 2024.

On the basis of technology type, the electrochemical segment is projected to command for a significant value share of the market by closing end of the assessment period.

Due to a sturdy expansion of chemicals and petrochemical sectors, gas leak detectors will find broader application in such industries. Hence, the industrial application segment will grow steadily throughout the projected period.

APAC Gas Leak Detectors Market: Country Wise Projection

In 2015, China accounted for the predominant share of the market in terms of value attributed to the strong presence of major end use industries in the country. The market in Chine is expected to maintain its leading position throughout the forecast period. Meanwhile, markets in India and in ASEAN countries is anticipated to register stout growth. Japan will continue to be the second largest market for gas leak detectors in APAC region and is likely to witness a relatively slower growth over the same period.

Competitive Dashboard

Key stakeholders in APAC gas leak detectors market include Honeywell International, Inc., Emerson Electric Co., Thermo Fisher Scientific Inc., Drägerwerk AG & Co. KGaA, General Electric, MSA, United Technologies Corporation, Tyco International plc., Industrial Scientific, and New Cosmos Electric Co. Ltd. Most of these companies operating in the market are actively focusing on acquisition of relatively smaller local companies having certain novel product offerings in order to gain a competitive advantage in terms of market consolidation and product offerings.

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Logistics Market to US$15.5 tn by the end of 2024

​The competitive landscape of the global logistics market has so far been highly fragmented, and is likely to stay this way, according to a research report released by Transparency Market Research. The four leading players in the market – Ceva Logistics, Deutsche Post DHL, FedEx, and UPS, Inc. – acquired only about 15% of the market in 2015. TMR also notes that the players in the market, from a global perspective, have been investing more into business expansions, product innovation, and physical locations expansion plans to stay ahead of the curve from local as well as other global competitors.

The global logistics market is set to expand to US$15.5 tn by the end of 2024, from its 2014 evaluation of US$8.1 tn in 2015, while expanding at a CAGR of 7.5% from 2015 to 2024. In terms of volume, the global logistics market is expected to expand at a CAGR of 6.0% for the same forecast period.

Road transport infrastructure dominated the global logistics market in 2015, taking up nearly 44.6% of the market’s overall revenue for the year, while waterways took up the leading share for the same years in terms of volume. Second-party logistics were the leading logistic model types used in 2015, for both value and volume, while first-party logistics are expected to expand at a leading rate for the report’s forecast period. Manufacturing was the dominant application over recent years, followed by retail. Asia Pacific dominated the global logistics market in 2015, while the logistics market in the collective RoW area is expected to expand at a leading CAGR for the given forecast period.

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Ecommerce Portals Provide Convenience to Customers and Business in Logistics

“The ecommerce industry and its prolific growth rate has had a massive impact on nearly all the industries associated with it. Online shopping is swiftly becoming a highly popular alternative for all consumer demographics, with convenience and variety being the top reasons. This has created an explosion of demand for faster, better, and more efficient logistics services,” states a TMR analyst. The key contributing factor to this scenario currently is the increasing number of consumers with access to high-speed internet which is a strong enabler for browsing online shopping portals.

Additionally, modern logistics are becoming increasingly consumer-centric, offering multiple advantages to their clients and their consumers, including operational cost reductions, better delivery performance through digital marking and storage of consumer portfolio, to generate better customer satisfaction ratings. This is also projected to continue supporting the growth of the global logistics market.

Companies Looking for Ways to Handle Growing Elderly Workforce

One of the increasingly prominent challenges currently faced by the players in the global logistics market is the increasing ratio of older employees in the chain than younger ones. Physical strength and speed are important for the appropriate functioning of a logistics chain, making it difficult for players to manage their increasingly elderly workforce. This is especially a more prominent scenario in developed economies, due to a generally higher elderly population in these regions. Other restraints experienced by the global logistics market include poor infrastructure in several emerging economies, lower unappealing wages to the younger prospective employees, low diversification, and poor adoption of technology in some nations.

However, organizations around the world are involved in initiatives aimed at training younger workers in different logistics services. A case in point would be the U.S Army’s Logistic Support Activity (LOGSA) workshop designed to train youth in logistics management. In addition, logistics companies are investing heavily in training, educating, and developing a younger workforce.

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Hospital Lights Market Larger Absolute Growth By 2022

​The global hospital lights market is forecasted to largely benefit from both developed and developing regions expected to boost the demand in the coming years. North America and Europe could bring in valuable opportunities for vendors considering a vast count of patients being treated for various diseases and robust medical infrastructure. Asia Pacific, on the other hand, could speed up the growth of the market due to rising healthcare expenditure, strong patient base, and rapidly increasing medical tourism.

Transparency Market Research (TMR) foresees the global hospital lights market to be valued at a US$10.0 bn by 2022 while growing at a 6.1% CAGR during the forecast period 2017–2022. In 2017, the market achieved a US$7.4 bn.

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Global Hospital Lights Market: Major Insights

The world hospital lights market is projected to be positively influenced by high focus on patient-oriented services and the rising number of super-specialty and multi-specialty healthcare centers in Canada, the U.S., and the U.K. A human body could require an estimated 1,500 lux lighting for maintaining a normal body cycle, compared to which patients in some hospitals could be exposed to only 105 lux lighting approximately. Hospitals are envisaged to put an increased emphasis on improving lighting standards to create a healthy and optimistic environment for patients. Furthermore, the growing prevalence of chronic diseases requiring inpatient services and aggravating need for multi-specialty hospitals could raise the demand for hospital lights.

The world hospital lights market is predicted to be segregated as per product, technique, and point of use. In terms of product, troffers could take a leading position in the market with a 38.8% share expected to be pushed under its belt by 2022. However, there could be some prospects birthing from other product type segments, i.e. surface-mounted lights and surgical lamps. By technique, the market is anticipated to see a classification into three markets, viz. fluorescent, light-emitting diode (LED), and halogen hospital lights. As per segmentation by point of use, patient wards and intensive care units (ICUs), operating rooms, and examination rooms could be the prime markets for hospital lights.

In terms of region, the world hospital lights market is envisaged to be cataloged into Asia Pacific except Japan (APEJ), the Middle East and Africa (MEA), Europe, North America, and Latin America and Japan. Amongst these, the market could witness the dominance of North America while it rises at an expected CAGR of 6.2% during the forecast timeframe. APEJ and Europe could be the other lucrative regions with some massive revenues prognosticated to be achieved until the final forecast year.

Global Hospital Lights Market: Vendor Landscape

The report offers a complete analysis of the vendor landscape and a thorough study of key players operating in the international hospital lights market. Companies such as Acuity Brands, Inc., Cree, Inc., Drägerwerk AG & Co. KGaA, Eaton Corp. Plc, General Electric Co., Herbert Waldmann GmbH & Co. Kg, Hill-Rom Holdings, Inc., Hubbell, Inc., KLS Martin GmbH + Co. KG, Koninklijke Philips N.V., Zumtobel Group AG, and Trilux GmbH & Co. Kg could secure a strong status in the market.

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Inertial Measurement Unit Market Major Insights By 2022

​The global inertial measurement unit market is expected to be bolstered by the rising manufacture of aircrafts on a world platform triggering the rise of the need of better navigation techniques. The requirement of equipment with greater usage ease on account of the advancement of worldwide lifestyle enabled the engagement of motion sensing technology extensively using inertial sensors. This could play a critical part in defining the market and driving its growth in the near future. Complex navigation systems equipped with inertial sensors could find an increasing demand because of the unparalleled rise in the use of unmanned automobiles across defense and civilian applications.

The global inertial measurement unit market is predicted by Transparency Market Research (TMR) to reach a valuation of US$3.6 bn by 2022 end from a US$2.6 bn achieved in 2017. During the forecast timeframe 2017–2022, a CAGR of 6.0% could be posted by the market.

Global Inertial Measurement Unit Market: Major Insights

Developed regions such as North America are anticipated to set the tone for a constructive growth in the world inertial measurement unit market. This could be due to three main factors such as the massive inflow of federal investments, aggressive advancement in the microelectromechanical systems (MEMS) technology, and towering demand for commercial aircraft. Besides this, the U.S. government support for the military prioritization on inertial measurement unit could improve the growth of North America. Developing regions such as Asia Pacific, on the other hand, could amplify the demand in the global market on the back of new entrants dealing with MEMS that increasingly focus on the manufacture of advanced technology.

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The world inertial measurement unit market is prognosticated to be classified as per four categories, i.e. product, platform, end use, and sales channel. According to product type segmentation, there could be opportunities in markets such as gyroscope, accelerometer, magnetometer, and attitude sensor. The report authors foresee the market to be dominated by gyroscopes in the product category, which is envisaged to expand at a 6.4% CAGR.

In view of platform, there could be prospects birthing in the world inertial measurement unit market from segments such as land, airborne, and naval. By end use, the market is projected to see a classification into aerospace and defense, automotive, sports, and other industries. With respect to sales channel, important markets such as direct sales, online retail, electronic component stores, and others could create opportunities for industry players.

Geographically, the world inertial measurement unit market is envisioned to be divided into Latin America, North America, Europe, Asia Pacific except Japan (APEJ), the Middle East and Africa (MEA), and Japan. Out of these regions, the market could testify the control taken over by North America as a larger segment while rising at a 6.4% CAGR.

Global Inertial Measurement Unit Market: Vendor Landscape

As per the analysis of the publication, Honeywell International, Inc., Thales Group, Northrop Grumman Corporation, Safran Electronics & Defense SAS, Rockwell Collins, Systron Donner Inertial, KVH Industries, Inc., Moog, Inc., Fairchild Semiconductor International, Inc., and Kearfott Corporation could be key companies operating in the worldwide inertial measurement unit market.

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Small Cell Power Amplifier Market with 36 dB Gain Leads Market due to Efficiency

​Some of the prominent participants in the global small cell power amplifier market are Broadcom corp., Qorvo Inc., Texas Instruments, Anadigics Inc., Skywork Solutions, Tektelic Communication Inc., and NXP Semiconductors.

As per a new market report published by Transparency Market Research, the global small cell power amplifier market will likely expand at a phenomenal 21.8% CAGR during the period between 2017 and 2025 to become worth US$8.53 bn by 2025 from US$1.45 bn in 2016.

Depending upon the gain in amplifier, the global small cell power amplifier market can be divided into five types: small cell power amplifier with 27.5 dB gain, 32 dB gain, 36 dB gain, 39 dB gain, and other type of amplifier with other level of gain in amplification. Of these, the small cell power amplifier with 36 dB gain in amplifier holds the leading share. In 2016, its leading share came to about 29%. In the years ahead too, the segment is predicted to hold on to its dominant position as on account of the greater data coverage capacity of small cell power amplifier with higher gain in amplification.

Geographically, the key segments of the global small cell power amplifier market are North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Of them, Asia Pacific is predicted to expand at maximum pace on account of growing investment in telecommunication infrastructure and soaring sales of consumer electronics.

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Concerns over Data Congestion Resulting from Rising Internet Penetration to Stoke Growth

The global small cell power amplifier market has been witnessing robust growth, something it is predicted to maintain in the next couple of years as well. The stellar growth will primarily be brought about the growing internet penetration in urban and remote localities across the world. This is expected to bring about data congestion, which in turn, will generate demand for small cell power amplifier.

“Small cell power amplifiers are comprised of small cells and owing to its small cell radii, these amplifiers are able to improve data coverage and data transmission rate. Hence, growing demand for internet and increasing investment for telecommunication network is a crucial driving factor for the global small cell power amplifier market. Moreover, installation of small cell base stations is considerably low as compared to the installation of macro cells and this promotes the demand in the small cell power amplifier market. Pico cells are a famous type of small cell which can enhance data coverage, transmission rate and bandwidth and these factors lead network service providers to opt for small cell base stations. These factors are expected to improve the growth prospect of small cell power amplifier market in the upcoming years,” explains the lead analyst of the TMR report.

Rising Usage of Macrocell Posing Hindrance to Market

Majorly fuelling demand in the global small cell power amplifiers market is the small cell base stations as their installation is relatively inexpensive and simple. In addition they help to amplify the signal strength and data transmission. However, the global small cell power amplifier market is being hampered by the growth of macrocell usage, the difficulty in winning approvals for installations by service providers from municipalities, and the enormous backhaul generated in a telecom network.

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Wireless Gas Detection Market to reach US$ 493.1 Mn by 2022

​The drive for wireless gas detection system primarily stems from the need for a wireless infrastructure for real-time monitoring and detection of toxic or combustible gases throughout an industrial plant or facility. The rising demand for easily deployable gas detectors that allows for cost-effective installation in several end-use industries is a key factor driving the wireless gas detection market. The intensifying need for real-time awareness of hazardous chemical agents among military and security personnel world over is a crucial factor stoking the demand for portable wireless gas detection systems. The incorporation of ultra-low powered transmitters and advanced sensors in detection system has further made them less power intensive and more sensitive in operation. Combined with this, the advent of scalable solutions is a key factor bolstering their applications for monitoring of toxic gases in various industries such as oil and gas, chemical and petrochemicals, government and military.

The global wireless gas detection market is estimated to grow from US$1,130.8 Mn in 2017 to US$1,771.4 Mn by the end of 2022. The market is forecast to rise at a CAGR of 9.4% during the period 2017–2022.

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Here is an in-depth insight into key factors driving the global wireless gas detection market:

The growing demand for continuous monitoring of various combustible gases or toxic chemical agents for the purpose of industrial safety, military, and environment protection is a key factor boosting the wireless gas detection market. The intensifying need for real-time detection of various toxic gases, including carbon dioxide and carbon monoxide, among equipment technicians, firefighters, and military and security personnel is bolstering the demand for wireless gas detection systems across the globe.

Constant advancements in sensor technologies used in wireless gas detection systems has significantly improved their sensitivity and boosted their functionality. However, the difficulty in designing gas detection system to meet a constantly changing industrial safety standards is a key factor likely to impede the market to an extent. Nevertheless, the growing demand for flexible and cost-effective wireless frameworks for the detection of toxic gases in hazardous environments, notably in oil and gas drilling and exploration activities, is a key trend expected to accentuate the market during the forecast period.

Regionally, North America is set to be the dominant contributor of the global revenue. The North America market is expected to hold the major share vis-à-vis revenue in 2017 and is likely to maintain its dominance throughout the forecast period. The regional market is projected to rise at a CAGR of 9.2% from 2017 to 2022.

Others Wireless Gas Detection Product Segment to Witness Dominant Growth in Revenue, Annually

Based on product type, the global wireless gas detection market is segmented into oxygen, carbon dioxide, carbon monoxide, nitrogen oxide, and others. Of these, the others segment is projected to rise at a substantial pace, accounting for a revenue of US$ 24.4 Mn annually over the forecast period. This segment is currently valued at US$ 371.2 Mn, amounting to a share of 32.8% in the market in 2017, and is projected to reach US$ 493.1 Mn by 2022 end. The others segment under product type in wireless gas detection market is projected to rise at a CAGR of 5.8% during the forecast period.

Competitive Dynamics

Several players are keen on launching versatile and multi-point gas detection solutions to meet the safety needs of various end-use industries, in order to gain a competitive edge over other players. Some of the leading players operating in the global wireless gas detection market are Honeywell International, Inc., Drägerwerk AG & Co. KGaA, Agilent Technologies, Inc., R.C. Systems Co. Inc., Sensidyne, LP, Airtest Technologies Inc., United Electric Controls, Crowcon Detection Instruments Ltd., Pem-Tech Inc., and Otis Instruments Inc.

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Pet Wearable Market Technological Innovations to Provide Impetus to Market Upswing

​The global pet wearable market is prognosticated to showcase immense growth in the coming years. Transparency Market Research (TMR) recently published a report predicting the complete landscape of the pet wearable market. The vendors present in the industry are highly competitive and are expected to adopt strategic expansion to monetize upon the industry gains. There are a number of companies vying for the top spot such as PetPace Ltd, DeLaval Inc., Bedap N.V., IceRobotics Ltd., and Loc8tor Ltd. The current devaluation in the costs of associated gadgets is a key factor in charge of the solid development of this market.

The report authored by TMR prognosticates the worldwide pet wearable market to exhibit a vigorous CAGR of 12.0% between 2016 and 2024, the forecast duration. The market, which stood at US$1.0 bn in 2016 is expected to reach a valuation of US$2.5 bn by 2024. North America and Europe are anticipated to dominate the market with about two-thirds of the market share in their hands. The percolation of Internet of Things into a plethora of technologies could be responsible for rise of location-based and tracking applications.

Rising Demand for Pet Tracking to Boost Worldwide Market

The rising selection and use of therapeutic diagnostics for pets is anticipated to drive the market over the forecast duration. Medical tagging of pets, animals, and endangered species is counted upon to gain momentum and significance. Moreover, IoT is predicted to profoundly affect restorative finding and medicines. Growing awareness for the remote observing, distinguishing proof and tracking, and conduct checking and control of pets are expected to fuel demand throughout the upcoming years. Usage of GPS-based screens, cameras, and wellbeing trackers that utilization application innovation for acquiring ongoing updates on buyer gadgets is anticipated to be a pivotal market driver.

The rising interest for wellbeing and security, ongoing situating and development in mapping entries with the expansion infiltration of cell phones are anticipated to invigorate the GPS innovation demand in pet wearable gadgets.

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Technological Innovations to Provide Impetus to Market Upswing

The global pet wearable market is prognosticated to witness immense opportunities for growth in the coming years. The current devaluation in the costs of associated gadgets is a key factor in charge of the solid development of this market. The Internet of Things (IoT) interfaces include billions of gadgets and sensors to create inventive applications. The IoT correspondence fundamentally associates different gadgets, for example, cell phones, portable PCs, and tablets, with individuals and groups of people. This association additionally sends information to the unified server through systems, for example, remote neighborhood (WLAN), RFID, and Bluetooth. At present, some minimal effort remote sensor hubs are being utilized as a part of IoT frameworks. These hubs are anything but difficult to convey and can be controlled and observed from remote areas. They likewise incorporate low power radio and power administration systems for consistent operation. Thusly, these sensors have turned into an essential piece of the IoT innovation in numerous applications including the smart pet wearables.

Another key factor influencing growth of the pet wearables market is the rising utilization of computerized maps by cell phone producers. It has been deduced that the use of advanced maps has been growing altogether over businesses including the pet wearable market. Versatile applications created with inbuilt computerized maps recover data from pet tracker gadgets to track the area of their pets if lost or stolen. For instance, Tractive forms applications and online networking stages alongside pet wearables to build up a biological system for pet proprietors. The organization offers Tractive GPS 2, which gives constant following component by utilizing various sensors, for example, movement, encompassing temperature, and light.

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