Molybdenum Market Size, Shares, Insights, Trends, Outlook 2018 | Leading Companies –

Molybdenum is a silver-grey colored metal that is hard, malleable, and ductile in nature with excellent strength at high temperature, high melting point, and high thermal conductivity. It is highly resistant to heat, which makes it useful in the production of alloys of iron and steel. Molybdenum is extracted from molybdenite and the major molybdenite deposits are in the U.S., China, Canada, and Chile. According to the U.S. Geological Survey (USGS), China, Chile, the U.S., Peru, Mexico, and Armenia accounted approximately 95% of total global molybdenum production in descending order.

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Key Players

Some of the leading players operating in the global molybdenum market include Centerra Gold Inc., Codelco Mining Company, China Molybdenum Company Limited, Freeport-McMoRan Inc., Anglo American plc., Cronimet Group, Jinduicheng Molybdenum Group Co., Ltd., Shaanxi Non-Ferrous Metals Holding Group Co., Ltd, Antofagasta plc., Grupo México, and S.A.B. de C.V.

Market Dynamics

Molybdenum is used in stainless steel, commonly in the range of 2 to 4%, which helps in improving the resistance to pitting in chloride environments and to fissure in Fe-Cr-Ni alloys and Fe-Cr alloys. This is one of the major factors driving growth of the molybdenum market. Furthermore, increasing demand for various steel such as stainless steel, structural steels, and others, particularly in China, fuels growth of this market. According to the World Steel Association, China is the largest producer of steel, by producing 803.8 million metric tons in 2015 and it was increased to 808.4 million metric tons in 2016.

However, molybdenum fumes and dust produced during metalworking or mining may be toxic if ingested, which is expected to hinder growth of the global molybdenum market.

Market Trends

Among end-use industries, the automotive segment is expected to witness a significant growth in the near future. Molybdenum alloy is used in various automotive parts such as vehicle’s flywheel, clutch, and other parts, owing to its excellent strength to weight ratio, which makes molybdenum a vital material in automotive vehicles. Growing automotive industry results in increasing demand for molybdenum, thereby fueling the molybdenum market growth. According to the India Brand Equity Foundation (IBEF), the automobile market was valued at US$ 74 billion in 2015 and is expected to increase up to US$ 300 billion by 2026.

Among applications, the fertilizer segment is expected to show a significant growth in the global molybdenum market over the forecast period. Various manufacturers are focusing on launching new products and plant expansion to expand their product portfolio and to cater to increasing consumer demand, which in turn is driving growth of this segment. For instance, in April 2018, Artal Agrinutrients launched Artal Rice, which is a liquid mixture of molybdenum, boron, and zinc to improve yield and to increase number and size of grains.

Market Outlook

North America holds a significant position in the global molybdenum market growth, owing to growing oil and gas industry in the region. Shale gas revolution has paved path to increasing exploration and production activities in this region. According to the U.S. Energy Information Administration, the total shale production in the U.S. in 2014 was 13.4 trillion cubic feet, which raised up to 15.2 trillion cubic feet in 2015. Increasing offshore E&P activities in shallow and deep water contributed to the growth of oil and gas chemicals in this region.

Furthermore, increasing mining production of molybdenum results in growth of the molybdenum market. According to the United States Geological Survey (USGS), in the U.S., mine production in 2016 was 35,800 metric tons, which increased up to 44,600 metric tons in 2017.

Asia Pacific is expected to be the fastest growing region in the global molybdenum market over the forecast period. This is owing to increasing demand for stainless steel in various end-use industries such as automotive, energy and heavy industries, and others in emerging economies such as China. According to the Department of Industry, Innovation and Science, a department of the Australian Government, stainless steel production in China was around 25 million tons in 2016, whereas, Japan was the second largest market for stainless steel production accounting for 3.3 million tons in 2016.

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Iced Tea Market To Increase at Steady Growth Rate 2018-2026

Iced tea is a popular packaged drink in the form of cold tea that is chilled or cooled. It is sweetened usually using sugar or syrup. Furthermore, it is sweetened with flavored syrup, with an infusion of multiple common flavors that include lemon, peach and cherry. Iced tea is sometimes made by a particularly long steeping of tea leaves at lower temperature also known as sun tea.

Market Dynamics

Iced tea is considered as a healthy alternative due to its antioxidant and natural content along with its lower sugar content as compared to other carbonated soft drinks, which is expected to be a major factor driving growth of the iced tea market. According to the report published by Tea Association USA in 2015, tea compounds such as epigallocatechin gallate (EGCG), play an important role in the protection against cancer. Furthermore, popularity of tea as a beverage globally with increasing preference for iced tea is expected to drive growth of the global iced tea market. According to Tea Association of USA tea is the second most consumed drink after water with around 80% of tea consumed in iced form.

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However, utilization of artificial sweeteners in iced tea is expected to restrain growth of the global iced tea market. Hence, manufacturers are introducing to new sugarless iced teas in the market.

The lemon and peach flavors are currently the most popular flavored ice teas. Furthermore, tea companies are introducing new products and flavor combinations in order to improve their position in the market. For instance, Steaz introduced an iced tea without any sugar infused with passion and dragon fruit flavors, in addition to jasmine hibiscus with sweetened lime in 2017.       

Market Trends

According to the India Brand Equity Foundation the global Ready To Drink tea market was valued at around US$ 24.5 Bn and the market is projected to witness significant growth during the forecast period. RTD teas are gaining significant traction among consumers due to their excellent properties as compared to other beverages. According to Tea Association of USA, the global RTD tea market witnessed around 40% growth from 2011 and 2016, which in turn is driving growth of the global iced tea market. Increasing consumer awareness regarding the sugar content in beverages is propelling adoption of healthier options such as iced tea. Furthermore, availability of low or sugar-free alternatives in iced tea is fueling market growth. For instance, Slo-Jo introduced a range of sugar-free iced teas in 2016, which is popular among health conscious consumers.

Market Outlook

According to the Tea Association of the USA. Inc. report published in the December 2017, on an average, more than 158 million Americans drink tea every day. In 2016, ready-to-drink (RTD) tea accounted for around 80% of the tea category, a 4% increase since 2015. The iced tea market in Asia Pacific is expected to grow at the fastest rate during the forecast period. This is due to the rising popularity of RTD beverages in China and India. According to the IBEF, the ready to drink (RTD) tea and coffee market in India was valued at US$ 404.95 million in 2017. The growth of the iced tea market is expected to be driven by the popularity of different varieties such as herbal and ice tea coupled with increasing awareness regarding health benefits.

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Key Players

Some of the key players operating in the global iced tea market include Arizona Beverages USA, BOS Brands, 4C Foods Corp., The Coca-Cola Company, Harris Freeman & Co, Unilever, Mother Parkers Tea & Coffee Inc., and Templar Food Products.

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Gin Market: Global Industry Analysis and Forecast 2018-2026

Gin is an alcoholic beverage deriving its flavor from juniper berries. Gin is produced by a two-step process by re-distillation of a neutral spirit. Botanicals and natural extracts are added to the neutral spirit to obtain the final product. The neutral spirit is derived from grains such as rye, wheat, corn or barley. The most commonly utilized botanicals include coriander seeds, angelica root, lemon peel, cassia, and orris roots among others.

Gin is the favored drinks for cocktails and blends with other beverages. It is popularly consumed along with tonic water or blended into cocktails with other spirits. This has increased its popularity and it is among the fastest growing alcoholic spirits.

Key Market Players and Brands

The world’s largest selling gin brands by revenue include Larios, Seagram’s, Beefeater, Tanqueray, Bombay Sapphire, and Gordon’s. According to Diageo plc, the company’s gin brand, Tanqueray, witnessed growth in all regions. The brand exhibited a growth of 9% worldwide and double digit growth across Europe.

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Market Dynamics

Increasing number of adults and young population and high disposable income of consumers are the major factors driving growth of the market. Innovation in products due to high demand for alcoholic beverages with changing taste and preferences is key factor for growth of the gin market. New gin products with unique botanicals has witnessed rising sales in recent times. Furthermore, advancements in distribution channels such as availability of separate counter for females, outlets on airports, online sales, and a growing tourism sector are some of the factors boosting growth of the gin market.

Growing population of female alcohol consumers, rising number of bars and restaurants, and growing demand from emerging economies are key driving factors for the gin market. Additionally, with increasing number of millennials shifting from beer and to spirits, the market for gin is expected to witness a positive growth trend during the forecast period. According to the Distilled Spirits Council, gin supplier revenues in the U.S. rose by 2.2% during the period 2016-17.

Market Outlook

North America is gaining significant traction in the alcoholic beverage market, owing to increasing trend of alcohol consumption among young adults, which increases demand for high-quality alcoholic beverages. According to National Institute on Alcohol Abuse and Alcoholism (NIAAA), in 2015, around 6.2% of adult population was reported to be consuming alcoholic beverages in the U.S. Furthermore, according to the Distilled Spirits Council, the gin sales volume in the U.S. was pegged at about 9.87 million 9 liter cases in 2017.

Europe was the second-largest market for gin in 2016. Increasing alcohol consumption across Europe is projected to bolster the market growth for gin. Alcoholic beverages market in this region is led by France, followed by Germany, Italy, UK, and others. The high consumption rate of alcohol has also been recorded in the economies such as Estonia, Belarus, and Lithuania in this region. According to the World Bank Group, in 2015, Belarus consumed 17.1 liters per person per capita as compared to world average of 6.3 liters per person per capita. According to the Wine and Spirit Trade Association (WSTA), sales of gin in the U.K. was valued at US$ 1.9 billion in 2017.

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Acetone Market to grow in future: market Perspective, Study Region Analysis and Business Challenges and Forecast, 2018-2026

Acetone is a clear, colorless, volatile and flammable organic liquid with a characteristic odor described as pungent or fruity. It is the simplest and smallest ketone also called as 2-propanone or dimethyl ketone. It is primarily used as an industrial solvent and chemical intermediate. Acetone is miscible with water and serves as an important solvent, which is majorly used for cleaning purposes in laboratories. Acetone is also found in paints, varnishes, and lacquers and is used as a solvent for cement in the leather and rubber industries. Acetone is often the primary component in cleaning agents such as nail polish remover. Acetone is a component of superglue remover and easily removes residues from glass and porcelain. Make-up artists use acetone to remove skin adhesive from the netting of wigs and mustaches by immersing the item in an acetone bath, then removing the softened glue residue with a stiff brush.

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Acetone is produced directly or indirectly from propene. More than 90% of the world’s acetone production occurs simultaneously with phenol, hence following the same trend as phenol. In addition to being manufactured, acetone also occurs naturally, even being biosynthesized in small amounts in the human body. Acetone is used as a polar aprotic solvent in a variety of organic reactions, such as SN2 reactions. An important use for acetone is in the production of methyl methacrylate and bisphenol A. Bisphenol A is used for the production of polycarbonate and epoxy resins. Polycarbonate resins are widely used in automotive industry for advanced lighting applications, such as headlamp bezels, headlamp lenses, and light guides.

Market Dynamics  

A major driver for growth of the global acetone market is rising demand for acetone for methyl methacrylate production. Methyl methacrylate is used to produce polymethyl methacrylate resin, which has a wide application spectrum such as automotive and transportation, architecture and construction, electronics, and energy. Methyl methacrylate is also used in the impregnation of concrete to make it water-repellent. Also, it is used in medicine and dentistry sector to make prosthetic devices and as a ceramic filler or cement.

However, the emerging trend of using green solvents is a major factor restraining the growth of the global acetone market. Increasing use of water-based solvents in paints and coatings and development in bio-based solvents such as renewable acetone may hamper growth of the global acetone market.

Market Outlook

According to the Coherent Market Insights analysis, Asia Pacific held the dominant position in the market in 2017. The Asia Pacific is projected to maintain its dominance throughout the forecast period, owing to growing housing and infrastructure sectors (hotels, stadium, and restaurants) and paints and coatings industry. Economical labor rates and easily accessible petrochemical feedstocks are also supporting lucrative growth of the acetone market in this region.

Among applications, the solvent segment is projected to gain major traction over the forecast period, owing to its demand from chemical, pharmaceuticals, and cosmetics industry. It is a common solvent for rinsing laboratory glassware due to its low cost, volatility, and ability to dissolve water. For similar reasons, acetone is also used as a drying agent.

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 Key players in Global Acetone Market

Key players operating in the global acetone market include INEOS Phenol, Royal Dutch Shell PLC, The Dow Chemical Company, Mitsui Chemicals, Inc., Sasol, Hindustan Organic Chemicals Limited, Domo Chemicals, Honeywell International, Inc., Formosa Chemicals and Fiber Corporation, and CEPSA Quimica, Prasol Chemicals Pvt. Ltd., and EMCO Limited.

Manufacturers are expanding the production capacities as well as introducing the new plants as a part of a strategic planning. For instance, a Joint venture between INEOS Phenol and Sinopec Yangzi Petrochemical Company (Sinopec YPC) announced in September 2013, that the new Joint Venture partners will benefit from Sinopec’s local feedstock advantages and cumene technology alongside INEOS’ proprietary phenol technology. The annual capacity of the new facility would be at least 400,000 tons of phenol and 250,000 tons of acetone.

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Extruded Graphite Market Business overview, regional analysis, by product, by end users, key players and forecast period (2018-2026)

Graphite is an allotrope of carbon with crystalline structure and has both metallic and non- metallic properties. Metallic properties of graphite include thermal and electrical conductivity and its non-metallic properties include lubricity, chemical inertness, and thermal resistance. Furthermore, extrusion process is used to produce extruded graphite. Extruded graphite has coarser grain size, and higher electrical and thermal conductivity as compared to isotactic graphite.

Production process of extruded graphite includes pressing of fine graphite powder through a die, under high pressure. The resulting shape is then fired and graphitized at high temperature (around 2000 degree Celsius).

Key Players & Business Strategies

Major players operating in the global extruded graphite market include Beijing Great Wall Co. Ltd., SGL Group, NAC Carbon Products Inc., Cera Materials Inc., Mersen S.A., Fangda Carbon New Material Co. Ltd., GrafTech International Holdings Inc., Graphite India Ltd., Nippon Kornmeyer Carbon Group, Schunk Group, Toyo Tanso Co. Ltd., Tokai Carbon Group, and Weiji Carbon–Tech Co., Ltd.

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Market Dynamics

Extruded graphite is economical to produce and is used in various applications. For instance, electrodes made with extruded graphite, are used in electric arc steel production. Extruded graphite is also used in the manufacturing of various hot zone parts, used in the furnaces such as heating elements, rails, shelves, plates, and fasteners. Owing to its high temperature stability and chemical resistant properties, extrude graphite is extensively used in the chemicals industry. It is used in various corrosive applications such as vessel linings, bricks, tiles, heat exchangers, wear plates, and bearing among others. Thus, the wide applicability of extruded graphite is a major factor propelling growth of the global extruded graphite market.

Extrusion process is used to produce larger particle size (around 0.45 inch), as compared to the isotactic graphite (4-10 micron). The production of very fine isostatically molded graphite involves additional steps to mill the raw material to fine powder thus, taking longer to manufacture than extruded graphite. Additionally, the manufacturing cost of extruded graphite is about half the cost of the isostatically molded graphite. Thus, the economical production of extruded graphite is another factor, supporting growth of the global extruded graphite market.

Market Outlook

In terms of revenue, Asia Pacific is expected to be the fastest-growing market for graphite during the forecast period. Rapid industrialization in the emerging economies such as China and India is fuelling the demand for graphite in the region. This in turn, is expected to boost growth of the extruded graphite market in Asia Pacific.

According to the United States Geological Survey (USGS), in 2013, China contributed 50% of the global consumption of graphite, accounting for the world’s largest consumer for graphite. In China, graphite is majorly used in manufacturing of steel metallurgy and refractory materials, and other applications include foundry and forging graphite.

In 2013, according to CSGS, China recorded highest production of graphite, worldwide. Owing to the high production of graphite in the country, China also exports graphite worldwide. In terms of volume (Tons), China accounted for 80% of total world graphite exports in 2014, and the major exporting countries were Japan, Germany, United States and the Republic of Korea, according to USGS.

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New Study: The Software Composition Analysis Market Will Radically Change Globally in Next Eigth Years

Software composition analysis solutions & services are responsible for checking open-source contents at every stage of the software development life cycle (SDLC). These solutions can detect vulnerabilities and have ability for risk management, alerting and reporting, license management, policy management, and remediation. The global Software Composition Analysis Market generated revenue of US$ 194.7 million in 2017. The global Software Composition Analysis Market is expected to generate a revenue of US$ 582.9 million with a CAGR of 15.7% by 2025.

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Growing applications in BFSI sector is expected to offer lucrative growth opportunities for the software composition analysis solutions and services during the forecast period.

The banking and finance sector could benefit by adopting IT solutions for improvement of banking services. For instance, according to the Coherent Market Insights’ analysis, in 2014, the IT spending on BFSI sector was US$ 487.2 billion, which increased to US$ 498.42 billion in 2015. Increasing adoption of online transactions and rising use of services such as National Electronic Fund Transfer (NEFT), Real-time Gross Settlement Systems (RTGS), Electronic Clearing Service (ECS), and mobile transactions is propelling demand for security solutions. This is owing to facility of safe and secure tractions provided by the software composition analysis solutions and services, as online transactions are vulnerable to hacking.

The Banking, Financial Services, and Insurance (BFSI) segment held the dominant position in 2017.

On the basis of industry vertical, the global Software Composition Analysis Market size is segmented into banking, financial services, & insurance (BFSI), government & defense, IT & telecom, healthcare, retail & E-commerce, automotive, manufacturing, and others. The BFSI segment held dominant position in the Software Composition Analysis Market in 2017 and is projected to retain its dominance throughout the forecast period. High adoption of open source software in banking, financial services and insurance sector is one of the major driving factors for growth of the segment.

Majority of the banks and financial institutions use open source software to increase operation efficiency and avoid vendors lock-in. Furthermore, government institutions are focusing on creating awareness related to use of open software. For instance, The Institute for Development & Research in Banking Technology (IDRBT), constituted by the Reserve Bank of India, is helping banks in India, to integrate affordable technologies in banking system such as open source software. Some of the application areas for open source software include, mobile banking, business intelligence, setting up of financial portals, and others.

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North America held the dominant position in Software Composition Analysis Market in 2017

On the basis of geography, the software composition analysis market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America held the dominant position in the market in 2017 and is projected to retain its dominance throughout the forecast period. The U.S. and Canada are major economies driving growth of Software Composition Analysis market in this region. Launch of novel products, strategic partnership, and acquisition by key players and increasing funds for the market are some of the factors expected to create a lucrative environment for growth of global software composition analysis market in North America. For instance, in 2016, Checkmarx Inc. entered into strategic partnership with WhiteSource for providing Checkmarx users with a comprehensive Open Source Analysis (OSA) solution

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Key Players- Global Software Composition Analysis Market.

The major players operating in the global AIops Platform industry include, WhiteSource Software, Sonatype, Inc., Synopsys, Inc., WhiteHat Security, Veracode (CA Technologies), Flexera, NexB, Inc., SourceClear, and Rogue Wave Software..

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Spin-On Hydraulic Filter Market: Business Planning Research, Reviews & Comparison of Alternatives

Spin-on hydraulic filters are available in four configurations such as single cartridge in-line, in-line with two parallel cartridge on the same axis, in-line with two parallel cartridge mounted side-by-side, and single cartridge flange for installation to the tank cover.  Moreover, spin-on hydraulic filters are easy to service due to the disposable filter cans, which can be replaced by a replacement element. The spin-on hydraulic filters are sized based on the liquid flow passing through the filters at a particular pressure drop. Furthermore, factors such as liquid type, viscosity, and the quality & efficiency of filter media are to be considered while sizing filters.

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Market Drivers:

Rapidly increasing vehicle production across the globe leading to rising demand for spin-on hydraulic filters is one of the major factors propelling growth of the spin-on hydraulic filter market. For instance, according to the International Organization of Motor Vehicle Manufacturers’ statistics, in 2016, vehicle production in the world accounted for 97,302,534 units in 2017, as compared to the production in previous year, which was around 94,976,569 units.

Agriculture machinery segment is expected to exhibit the highest CAGR over the forecast period (2018-2026)

Among application, agriculture machinery segment is expected to exhibit the highest CAGR by 2025. The spin-on hydraulic filters are used in agriculture machinery to filter hydraulic fluids and lubricating oils in power units. Agriculture equipment, which uses the hydraulic filters takes lubricant consolidation, which consists of fluid filters. A fine mesh suction filter protects hydraulic components from contaminants generated by the gear drives mainly due to the wear on gears, wet brakes, and clutches. The spin-on hydraulic filters in return line ensure the level of oil cleanliness the system requires. These filters aid in high corrosion environments. Moreover, use of these filters in agriculture vehicles benefits in providing absolute filtration of the oil for hydrostatic drive and protection against damages from cavitation under adverse conditions.

Aftermarket segment is expected to account for the largest market share by 2026

Among distribution channel, aftermarket segment accounted for the largest share in the global spin-on hydraulic filter market in 2017. As per the data published by the Automotive Aftermarket Products Expo (AAPEX) in 2018, global automotive aftermarket industry accounted for US$ 740 billion with around 1.2 billion units of vehicles on the road. Furthermore, the industry is expected to exhibit annual growth rate of around 3.4% over the forecast period.

The Middle East, Latin America, and Africa regions are expected to exhibit the highest CAGR in the market over the forecast period

The growth of spin-on hydraulic filter market in the Middle East and Africa is attributed to increasing vehicle production. For instance, according to Export.gov (The International Trade Administration (ITA), U.S. Department of Commerce manages Export.gov), Saudi Arabia is the largest market for automotive and auto parts market in the Middle East, accounting for an estimated 40% of all vehicles sold in the region. Moreover, according to the Organisation Internationale des Constructeurs d’Automobiles (OICA), vehicle production was 1,515,396 in 2017, which increased by 18.19% from 2016. Therefore, growing vehicle production will increase the demand for spin-on hydraulic filters in this region.

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Major players operating in the global spin-on hydraulic filter market include Parker Hannifin, Eaton Corporation Plc., Mahle Gmbh, Schroeder Industries, LLC, Yamashin Filter Corp., Bosch Rexroth AG, Donaldson, Baldwin Filters, Inc., Ikrol S.r.l., Cim-Tek Filtration, Olaer Group Limited, Xinxiang Aviation Industry (Group) Co., Ltd., SOFIMA FILTER, OMT SPA, Marion Fluid Power, Wix Filter, Hydac International Gmbh, SMC Corporation, Lenz Inc., HiFi Filter, Filtrec, and EPE Ltdons.

Smart Meter Market to Witness Robust Expansion throughout the Forecast Period 2018-2026

Smart meter is a device used for recording use of electrical, gas, and water energy. Smart meter interfaces with supplier to communicate the information for monitoring and billing. Smart meters commonly record energy hourly or more often, and report at least daily. It features display screen, which displays consumption of energy in real-time and provide estimated bills. Smart meter is an advanced version of conventional metering system and uses mobile technology to send readings automatically. It is one of the many components of the smart grid that manages energy distribution and consumption through Internet to bring an existence of bi-directional communication, coordination, and control. Smart meter may use one of the two types of network, which include standard mobile phone network and mesh network. Smart meters are used in building automation system to control over heating, ventilation, and air conditioning as per the energy consumption requirements.

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Factors Driving Growth of the Global Smart Meter Market

Growing demand for accurate billing and increasing efforts towards energy conservation is expected to fuel growth of the global smart meter market. Smart meter digitally sends readings to the energy supplier for more accurate energy bills. It allows the consumer to take control on energy use, so that consumers can save energy for other purposes such as in industries and medical equipment. Smart meter helps the environment by reducing the need to build power plants or avoiding the use of older, less efficient power plants as consumers lower their electric demand.  The benefits of having smart meter is when suppliers have a better understanding of usage patterns, more innovations can be made to the types of tariffs energy supplier offers.

Favourable government policies along with fiscal incentives are key factors driving growth of the smart meter market. According to Smart Energy GB, the government has set the target that by the end of 2020, around 53 million smart meters will be fitted in over 30 million premises across wales, Scotland, and England. Installation of smart meter is already underway. More than 11 million smart meters have now been installed. This is the biggest national infrastructure project that will enable a more energy efficient system for Great Britain.   By 2020, every household in Great Britain will be able to use smart meter technology to see how much energy is consumed.

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Factors Restraining Growth of the Global Smart Meter Market

Concerns over security and privacy of the data as smart meters are also being used as a surveillance device hampers their adoption. Operational cost of the industry is expected to be affected by the full metering programme. These meters require regular maintenance, and replacement, which is expected to lower their adoption among price-sensitive users.

Regional Analysis of Smart Meter Market

On the basis of geography, the global smart meter market is segmented into North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa.

North America contributed the largest share in the smart meter market due to huge market demand in the U.S. According to U.S. Energy Information Administration (EIA), in 2016, the U.S. electric utilities had around 70.8 million Advanced Metering Infrastructure (AMI) installations and around 80% of the AMI installations were residential. The country is majorly focused on upgrading and replacing outdated infrastructure of smart meter, enabling grid reliability, and installing smart power networks.

Asia Pacific is expected to witness significant growth in the smart meter market due to supportive government initiatives toward the implementation of smart meters. According to the Energy Information Administration (EIA), China exceeded the US in federal smart grid subsidies for the first time in 2010, with over US$ 7.3 billion invested compared to US$ 7.1 billion in the U.S. Growing residential sector with increasing number of water connection is in turn driving growth of smart meters market. According India Smart Utility Week 2019, Government of India plans to implement 14 smart Grid pilot projects by 2019.

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 Key players in the Global Smart Meter Market

Some of the key players operating in the smart meter market include Schneider Electric, Siemens AG, Honeywell International, Inc., Itron Inc., Sensus , Elster Group GmbH , Landis+Gyr , Badger Meter, Inc., EDMI Limited, and Sentec.

Global Smart Meter Market: Taxonomy

The global smart meter market is segmented on the basis of technology, type, application, and region

  • On the Basis of Type
    • Smart Energy Meters
    • Smart Water Meters
    • Smart Gas Meters
  • On Basis of Application
    • Industrial
    • Commercial
    • Residential
  • On the Basis of Technology
    • Automatic Meter Reading (AMR)
    • Advance Metering Infrastructure (AMI)
  • On the Basis of Region
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East
    • Africa

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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Coherent Market Insights
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Seattle, WA 98154
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AIops Platform : An Investor’s Guide to Understand Market Variation Globally

Artificial Intelligence for IT Operations (AIOps) is a multilayered technology platform that enhances IT operations by using machine learning and analytics to analyze the big data collected for various IT operations tools and devices to resolve the issues in real time. The global AIops Platform market generated revenue of US$ 1,270 billion in 2016. The global AIops Platform market is expected to generate a revenue of US$ 20,428 billion with a CAGR of 36.2% by 2025.

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Market Dynamics

Increasing demand for real time data analysis plays a major role in growth of the AIOps Platform market, owing to the ability of AIOps platform to analyze vast volumes of data through application of various algorithms in real time. In today’s world, due to increasing stiff competition in the market, the analysis of real time data has become one of the major requirement in various organization. Implementation of new technology, such as stream mining in-database analytics and in-memory analytics provides real time analysis for situational intelligence, fraud detection, and customer interactions. Moreover, the increasing installation of Internet of things (IoT) devices has generated large amount of real time data. For instance, according to Coherent Market Insights, in 2015, around 145 zeta byte of data was generated by IoT devices, annually and is projected to reach 600 zeta byte by 2020.

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North America held the dominant position in AIops Platform market in 2017

On the basis of geography, the Artificial intelligence for IT operation Platform market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America held the dominant position in the market in 2017 and is projected to retain its dominance throughout the forecast period. The U.S. and Canada are major economies driving growth of AIops Platform market in this region, owing to the region been early adopter of advanced technologies such as Artificial intelligence, Machine learning, big data, and analytics in the region. Moreover, presence of IT companies such as Google, Microsoft Corporation, IBM, oracle, and others plays a major role for growth of the market in the region.

Key Players- Global AIops Platform Market.

The major players operating in the global AIops Platform industry include, International Business Machines Corporation, Splunk Inc., CA Technologies, VMware, Inc, Micro Focus International plc, HCL Technologies Limited, AppDynamics, BMC Software, Inc., Moogsoft, and FixStream Network Inc.

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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Headlight Tester Market Analysis of Rising Business Opportunities with Prominent Investment Ratio by 2026

A headlight tester is a testing solution used in the automotive industries for checking the orientation and intensity of headlamps integrated in the vehicles. This tester is used to ensure that the headlight of vehicles meet the minimum standard set by each country for vehicles.

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Market Drivers:

Rapid growth of vehicle sales across the globe leading to rising demand for headlight tester is one of the major factors propelling growth of the headlight tester market. For instance, according to the International Organization of Motor Vehicle Manufacturers’ statistics (OICA), the total number of vehicles sold in 2016 were 94 million units, which increased to 96 million units in 2017, worldwide.

Automatic headlight tester segment accounted for largest market share in 2017

Among product type, automatic headlight tester segment is expected to account for largest market share by 2026. Technological advancements in automotive industries and product innovations in testing equipment that has led to the replacement of manual headlight tester with automatic headlight tester is expected to propel growth of the automatic headlight tester segment in the near future. For instance, in 2014, Bosch launched new digital headlight tester for vehicles, which was able to test all types of light sources: filament, halogen, xenon, and LED. This headlight tester is capable of filtering the blue fringe and can exactly define the cut-off line.

Passenger cars segment is expected to account for largest market share by 2026

Among vehicle type, passenger cars segment accounted for the largest share in the global headlight tester market in 2016. For instance, according to The Organisation Internationale des Constructeurs d’Automobiles (OICA), in 2016, total number of vehicles manufactured globally was 94 million units, out of which 72 million units were passenger cars, which is almost 75% of the global vehicle production. Therefore, increasing vehicle production is leading to rising demand for headlight testers, thereby driving growth of the market worldwide. The passenger car segment is expected to be valued around US$ 210.26 billion by 2026.

North America is expected to grow at moderate CAGR in the market over the forecast period

North America is the largest contributor in the global headlight tester market by revenue and is expected to exhibit moderate growth in the market owing to increasing passenger car sales in the region. The U.S. accounted for the largest share in North America passenger car sales in 2017. According to the Organisation Internationale des Constructeurs d’Automobiles (OICA), in 2017, around 11 million units of passenger cars were sold, among which in the U.S. around 6 million units of passenger cars were sold. Hence, increasing adoption of passenger cars in this country leading to rising demand for headlight testers in this region.

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Furthermore, stringent government rules and regulations mandates testing of automotive parts of vehicles before launching in the market. This is done for reducing traffic accidents, deaths, and injuries resulting from traffic accidents. This factor will in turn increase the demand for headlight testers in this particular region. For instance, according to the U.S. Federal Government safety standards, 108 is responsible for regulating all automotive lighting and reflective devices of the vehicles. According to the standards, the light emitted by lamps facing rearward must emit red light, lamps facing sideward and all turn signals must emit amber light, while lamps facing frontward must emit white or selective yellow light. No other colors are permitted except on emergency vehicles.

Key companies

Major players operating in the global headlight tester industry include Anzen Motor Car, BM Autoteknik, Robert Bosch GmbH, Capelec, Chuo Electronic Measurement, Foshan Analytical Instrument, L.E.T. Automotive, MAHA Maschinenbau Haldenwang GmbH & Co. KG, Mingquan Scien-Tech, Beissbarth GmbH, and Nussbaum Automotive Solutions.