18 Feb 2015

Mobile Applications Market Expected to Reach US$ 54.89 Bn by 2020

According to a new market report published by Transparency Market Research “Mobile Applications Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020”, the market was valued at US$ 16.97 Bn in 2013 and is expected to reach US$ 54.89 Bn by 2020, growing at a CAGR of 16.2% from 2014 to 2020. North America was the largest contributor to the global mobile applications market in 2013 while Asia Pacific is expected to be the fastest growing regional market for mobile applications during the forecast period from 2014 to 2020. The high growth of mobile applications in Asia Pacific is majorly due to the high penetration of smartphones in the region. Countries such as China, India, South Korea and others are expected to generate high demand for mobile apps during the forecast period.

Browse the full Mobile Applications (Store Type - Native (On-deck), Third-Party (Off-deck)) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020 report at http://www.transparencymarketresearch.com/mobile-applications-market.html

The mobile applications market is majorly driven by the rising market for smartphones across the world. Due to the development of highly sophisticated smartphones with advanced features, the demand for smartphones is expected to rise substantially during the forecast period. This is anticipated to boost mobile applications growth substantially. Furthermore, growing advancements in cellular internet and rising penetration of internet services globally, is expected to spur the growth of mobile applications market over the forecast period. However, mobile websites pose major challenge to the growth of mobile apps. This is due to the better features and interface offered by mobile websites over mobile applications.

The most common and popular type of mobile applications include games and entertainment apps. In 2013, the games and entertainment mobile apps segment accounted for the largest share of around 40% in the global mobile applications market. Geographically, Asia Pacific dominated the global mobile applications market in 2013 with the share of around 36% of the global market. The high demand for mobile applications from Asia Pacific is due to the rapid penetration of smartphones in China, India, Australia and others.

The major companies involved in the development of mobile applications include Apple, Inc., Google, Inc., Blackberry Ltd., QBurst, Sourcebits,Inc., Softeq Development Corporation, WillowTree Apps, Inc., Microsoft Corporation, Handmark Inc., OpenXcell Tehnolabs Pvt. Ltd., Y Media Labs, Inc. and others.


The report studies the global mobile applications market, and provides estimates in terms of revenue (US$ Bn) from 2012 to 2020. Market estimates are provided on the basis of store type, category and geography. The market has been segmented as follows:

Market Segmentation of Global Mobile Applications Market:

Mobile Applications Market, by Store Type

  • Native (On-deck)
  • Third-party (Off-deck)

Mobile Applications Market, by Category

  • Games and Entertainment
  • Productivity
  • Social and Personalization
  • Music Audio and Lifestyle
  • Travel and Navigation
  • Others (Business, Finance and Utilities)

Mobile Applications Market, by Geography

  • North America
  • Europe
  • Asia Pacific
  • RoW

13 Feb 2015

Global Cooling Towers Market is Expected to Reach US$ 3.17 Bn in 2020

According to a new market report published by Transparency Market Research “Cooling Towers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” the market for cooling towers was valued at US$ 2.31 Bn in 2013 and is expected to reach US$ 3.17 Bn by 2020, growing at a CAGR of 4.7% from 2014 to 2020. Rest of the World (RoW) region, which comprises Middle East, South America, North Africa, and Far East, was the largest revenue contributor in 2013, accounting for 35.7% of the global cooling towers market revenue. RoW is analyzed to be the fastest growing market for cooling towers during the forecast period. The growth in this region is mainly driven by China. Increasing industrialization and rise in the number of the power plants are sustaining the demand of cooling towers in China. Due to these reasons, the market in RoW is estimated to grow at a CAGR of 5.5% from 2014 to 2020. China, U.S. and India, are expected to be the major contributors to the global market growth in the near future. 

Browse the full Cooling Towers (Evaporative, Dry, Hybrid) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020 report at  http://www.transparencymarketresearch.com/cooling-towers-market.html

The cooling towers market growth worldwide is mainly driven by increasing demand for evaporative cooling towers in the regions such as India, Chain and South Korea. Hybrid cooling towers which reduce plume and prevents Legionnaires' disease are also expected to observe proliferation in its adoption during the forecast period. The cooling towers market lately has also witnessed increase in implementation of closed circuit cooling towers, mainly fueled by demand for cooling towers that utilizes less water. The trend has been prominent in the regions with limited fresh water reservoirs. 

Globally, the cooling towers market is expected to witness high demand during the forecast period, with growth largely driven by replacement of existing cooling towers with the energy efficient cooling towers. Government regulations are promoting the usage of the energy efficient cooling towers and plume abatement hybrid cooling towers. However, the cooling towers industry in Asia Pacific, Middle East and Africa, and Latin America are anticipated to continue witnessing usage of low cost open circuit evaporative cooling towers which offer higher thermal efficiency over other designs.

Cooling towers are widely deployed in power generation utilities, manufacturing industries, and HVAC units. These applications require ample of water for cooling the facility. Therefore, there is a wide scope of conserving water through monitoring and maintenance of cooling towers. Thus, in addition to save water, increasing number of end-use industries are seeking energy efficient cooling towers to help save on maintenance cost and achieve higher energy efficiency. Also, with an aim of reducing plume at work places, the developed regions have witnessed proliferation of plume abatement cooling towers against other types. 

The growth in commercial/infrastructure construction activities globally has led to increase in HVAC systems and in-turn has boosted the market for cooling towers. Emerging countries such as China and India, Taiwan, Korea, Singapore, and Indonesia have witnessed an increase in production/processing activity and are showing encouraging signs of economic growth. This is further anticipated to bolster the demand for cooling towers in the industrial sector. Cooling towers help maintain optimum efficiency in power generation plants and are most preferred solutions for cooling. Therefore, increase in the number of power plants is expected to subsequently increase the deployment of cooling towers during the forecast period.

With advancement in material technologies and products, the market has seen wide adoption of Fibre-reinforced plastic (FRP) cooling towers and the trend is likely to continue over the forecast period. Fibre-reinforced plastic (FRP) cooling towers are becoming the preferred solutions as they offer better performance in sea water and corrosive surroundings as against cooling towers made up of steel and other materials. Moreover, though these towers cost higher than other cooling towers, the maintenance cost is lower as compared to others, which helps compensate for investment cost incurred. 


The report includes analysis of global cooling towers market and provides estimates in terms of revenue (US$ Mn) for the period 2012 to 2020. The values for 2012 and 2013 are the actual, while 2014 market size is estimated value. For period 2014 – 2020, market size forecast is based on prevailing and expected future market dynamics. Market estimates are provided for segments, categorized on the basis of type of cooling towers, type of heat transfer method, application, and geography. The market has been segmented as follows:

Market Segmentation of Global Cooling Towers Market:

Global Cooling Towers Market, by Type

  • Open Cooling Towers
  • Closed Circuit Cooling towers

Global Cooling Towers Market, By Heat Transfer Method

  • Evaporative
  • Dry Tower
  • Plume Abatement (Hybrid)

Global Cooling Towers Market, By Application

  • Air-Conditioning
  • Power Generation Utilities
  • Manufacturing Industry

Global Cooling Towers Market, By Geography

  • Western Europe
  • Eastern Europe
  • Asia Pacific (Excluding Far East)
  • Southern Africa 
  • North America 
  • Rest of the World (Middle East, South America, North Africa and Far East) 

Developments in HEPA Filtration Technology to Drive Global Household Vacuum Cleaners Market to US$14.60 Billion by 2018


The global household vacuum cleaners market is expected to grow at a CAGR of 4.9% from 2012 to 2018. The market’s value by the end of this forecast period will be US$14.60 billion. Transparency Market Research has published a research report about this market, titled “Household Vacuum Cleaners Market - Global Industry Analysis, Size, Share And Forecasts 2012 - 2018”. The report aims to offer a clear picture of the global household vacuum cleaners market by providing details on its key players, development in particular segments, and geographical distribution.

Browse the full Household Vacuum Cleaners Market - Global Industry Analysis, Size, Share And Forecasts 2012 - 2018 report at http://www.transparencymarketresearch.com/household-vacuum-cleaners-market.html

According to the report, the global household vacuum cleaners market is primarily driven by increasing awareness amongst families about the benefits of using vacuum cleaners in place of traditional brooms or other such equipment. This holds true particularly in the Asia Pacific region, which is primarily driving the market. Other major reasons for the market’s growth are listed as increasing disposable incomes of families and developments in creating energy-efficient and eco-friendly vacuum cleaners that can function well in smaller apartments.

More than 35% of the 2012 global household vacuum cleaners market was held by the canister vacuum cleaner segment. This market share at the time was worth US$4.21 billion. The fastest growing segment, however, is the robotic vacuum cleaners market, due to improvements and innovations in features such as acoustic sensors, automated mapping abilities, self-charging cleaners, and sweeping brushes.

There is a substantial push towards the creation of increasingly compact household vacuum cleaners that are also eco-friendly. This need has been created by increasing costs of electricity and government regulations that are aimed to reduce the noise made by vacuum cleaners. The report describes the geographical segmentation of the global household vacuum cleaners market, which shows the Asia Pacific region as the largest regional segment. The Asia Pacific region held nearly 30.5% of the 2012 global household vacuum cleaners market.

Emerging nations such as Brazil, China, and India are beginning to reap the benefits of increasing disposable incomes. This has also boosted sales in the global household vacuum cleaners market. The market’s growth in these countries is expected to be par excellence throughout the report’s forecast period. The global household vacuum cleaners market is a highly fragmented one. Most of the top global players are currently looking to expand their market in developing regions. They are targeting countries from the regions of Asia Pacific, Latin America, and the Middle East.


Dyson leads the global household vacuum cleaners market in the segment of vacuum cleaners that cost more than US$200. Robotic vacuum cleaners are getting increasing preference in households in developed countries due to their utility in today’s busy lifestyle. Many households are currently attempting to switch their old vacuum cleaners with new models that are eco-friendly, consume less power, and make less noise.

The key players in the global household vacuum cleaners market as listed and discussed in the report include TTI Floor Care, Bissell, Miele, and iRobot.

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12 Feb 2015

Increasing Approval of Physical Security Systems in Business Group to Drive Physical Security Market

A recent publication issued by Transparency Market Research (TMR) presents analysis of data about the physical security market for hardware, software, and services. The report discusses about the present market scenario and its effects on the future of the global physical security market.

The global physical security market is estimated to grow significantly and reach a value of US$125.03 billion by 2019. The CAGR at which the market is estimated to grow is 14.9% during 2013 to 2019. 

The market study, titled “Physical Security Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”, makes for an informative report, having in-depth analysis of past performances, current trends, and future prospects of the global physical security market.

physical security market
Physical security generally refers to the physical and electronic methods designed to supervise objects and people. Additionally, it is also employed to limit access and interference to possessions and information. The services that assist in making the physical security measures swifter and smoother are defined as physical security services. Physical security systems are powerful and strong devices that are utilized in controlling and investigating felonies by having them deployed in public places such as shopping malls, banks, multiplexes, automated teller machines (ATMs), casinos, airports, and others. Increasing frequency of terrorism and rising concerns about security and protection are some significant factors that are propelling the global demand for physical security systems. With the rising insistence for physical security products on the account of heightened criminal activities, security solutions are being developed into advanced and complicated systems. This has triggered the development of the physical security service industry.

Browse the full Physical Security Market (Hardware, Software and Services) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 report at http://www.transparencymarketresearch.com/physical-security-market.html

The physical security market is studied on the basis of components, application, and region.

In the component-based division of the physical security market, video surveillance was considered as the largest market, with around 72% of the total market share in 2012. It is estimated that it will also be the fastest growing segment during 2013 to 2019. Biometric access control held the biggest share of around 38% in the access control market, in 2012.

In the application-based division of the physical security market, the transportation market under the transportation and logistics sector was the biggest application category of the physical security market in 2012.

In the region-based division of the physical security market, North America emerged as the dominant regional market for physical security in 2012. Asia Pacific is one of the fastest developing physical security markets rising at a 17% CAGR owing to a considerable boost from police and governments to advance security to prevent the frequent incidences of crime and terror attacks in the region.


Siemens AG, NICE Systems Ltd., Morpho SA (Safran), Honeywell Security Group, Cisco Systems Inc., BM Corporation, Assa Abloy AB, EMC Corporation, McAfee Inc, and HikVision Digital Technology Co., Ltd. are some major players whose market profiles are reviewed in this market study.

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Photonic Integrated Circuits to Grow at 31.3% CAGR from 2013 to 2019

The demand for photonic integrated circuit market is expected to grow rapidly by 2019 due to significant improvements in terms of power consumption, system size, reliability, and cost. According to a new report published by Transparency Market Research based on the study of Photonic Integrated Circuit Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019, the global PIC market is rising at a CAGR of 31.3% in the forecast period 2013-2019. The photonic integrated circuit (IC) market was valued at US$160.1 million in 2012, and is projected to reach an estimated value of US$996.2 million by the end of 2019. 

The research report covering the overall market study of the photonic integrated market lends a deeper understanding of this market through various aspects such as raw materials, major components, application areas, integration types, and geographies actively contributing to the growth of this market during the forecast period, 2013-2019.   

Browse the full Photonic Integrated Circuit (IC) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019 report at http://www.transparencymarketresearch.com/photonic-integrated-circuit.html

After electronic IC, photonic integrated circuits have captured the world of the optical network industry with its revolutionary technology and multiple photonic functions. Capable of transferring data at a faster rate, photonic ICs are developed to provide high speed with high-end functionality and decreasing size. The study analyzes, measures, and provides growth forecasts for numerous applications such as sensing, biophotonics, optical communications, and optical signal processing.  

photonic integrated circuit market
The optical communications sector was the largest application segment under PIC applications. The growing demands for fixed and wireless network devices boosted the optical communications segment in 2012. It accounted for around 63% of the total market. The dominance is likely to continue over the next four years. The market also witnesses promising growth and demand in the sensing and biophotonics application segments due to the demand for high-speed communication in fields like medicine, defense, transportation, aerospace, and many other emerging fields. 

Moreover, the global PIC market shows positive growth signs due to inexpensive fabrication, improved reliability, high power efficiency and high data transfer rates. There is huge competition in this market as several key players are innovating PIC-based products integrated with functions/components to stay competitive across different industry platforms. 

Although hybrid integration currently accounts for 56.1% of the global PIC market and is one of the major integration technologies used in the photonic integrated circuit market, monolithic integration is the future of this market. Due to its ability to integrate medium- and large-scale PICs, the monolithic integration is expected to proliferate over the forecast period. 

Developed and used in different regions around the world, the photonic integrated circuit market is growing rapidly in the Asia-Pacific region. This region is expected to witness high growth due to the recent use of fiber optical communication technology and penetration of image processing capabilities among PIC experts. North America was the leading regional market in 2012. It held the largest market share, accounting for nearly 45% of the global PIC market in the same year. Growth in North America can be attributed mainly to the high use of PIC-based products, especially data center and wireless access network applications.    


Quantum computing, an upcoming PIC application, will be commercialized on a larger scale over the next four years. The use of photonics to serve the purpose of computation using data transfer and high-speed data processing poses great opportunities for the bristling PIC market. 

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11 Feb 2015

Cable Management System Market Expected to Reach US$ 15,609.1 Mn in 2020

Global cable management system market was valued at US$ 7,190.2 Mn in 2013, growing at a CAGR of 11.8% from 2014 to 2020. Significant growth in the construction industry in BRICS economies coupled with a number of ongoing and planned major infrastructure development projects in MENA region are driving the growth of cable management system market, globally. In addition, renewal and upgradation of existing networks in mature economies is further bolstering the demand for cable management products. The global cable management system market is expected to reach the market size of US$ 15,609.1 Mn by 2020. However, high fragmentation of the cable management system market at regional levels and volatility in raw material prices hinders the growth of the global cable management system market.

Browse the full Cable Management System Market (Cable Tray, Raceway, Floor Duct and Junction Box, Cable Conduit, Cable Connectors, Cable Glands, Cable Chains and Reels, Cable Lugs and Tools, Others (Cable Tags and Route Markers)) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020 report at http://www.transparencymarketresearch.com/cable-mangement-system-market.html

Currently, the global cable management system market is more than 65% commoditized. The products such as cable trays, raceways, conduits, connectors and floor ducts & junction boxes have existed over the past decade and are a regular feature of infrastructures across varied end-use verticals.  The cable tray segment led the market in 2013, accounting for over 20% of the global revenue share. It is expected to continue its dominance throughout the forecast period as the product’s adaptability, reliability, inherent safety features, and ease of maintenance result in major cost savings.

cable management system market
In addition, the cable management system market has been further segmented by end-use industries into IT & telecom, manufacturing, energy & utility, healthcare, logistics & transportation, mining, and others (residential, government, retail, hospitality, critical infrastructure). The significant growth in IT & telecom segments, particularly across the Asia Pacific and RoW regions, has fueled the cable management system market. With significant growth in the IT and telecommunication sector, a large number of cable management products such as: cable trays, raceways, conduits, floor ducts, and junction boxes are being utilized in the respective infrastructural requirements. Thus, IT & telecom segment held majority share of the global cable management systems market in 2013, accounting for around 26%. The segment is further expected to continue its dominance during the forecast period 2014 to 2020. 

The cable management system market is recognized for brand value, with dominant players known to mark their presence. However, the global cable management systems market is highly fragmented at regional levels with both organized and unorganized players operating in the market. Some of the key players profiled in this report include Chatsworth Product, Inc., Thomas & Betts Corporation (ABB Group), Legrand SA, Schneider Electric SE, Cope (Atkore International Holdings Ltd.), Cooper Wiring Devices (Eaton Corporation), Voestalpine Metsec plc (Voestalpine Group), and Allied Tube & Conduit (Atkore International Holdings Ltd.) among others.


Global Cable Management System Market, By Product Type
  • Cable Tray
  • Raceway
  • Floor Duct and Junction Box
  • Cable Conduit
  • Cable Connectors
  • Cable Glands
  • Cable Chains and Reels
  • Cable Lugs and Tools
  • Others (Cable Tags and Route Markers)
Global Cable Management System Market, By End-use Industry
  • IT & Telecom
  • Manufacturing
  • Energy & Utility
  • Healthcare
  • Logistics & Transportation
  • Mining
Others (Residential, Government, Hospitality, Critical Infrastructure, Retail)
Global Cable Management System Market, By Region
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)
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Power Transformers Market to Ride on Increasing Global Energy Demand to Reach US$28.69 Billion by 2019

Transparency Market Research (TMR) announces the release of its latest report, titled “Power Transformers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”, which is available for sale on the company website. Based on data furnished by the report, the global power transformers market stood at US$17.12 billion in 2012 and is anticipated to grow to a market value of US$28.69 billion, registering a CAGR of 7.7% from 2013 to 2019. Volume-wise, the power transformers market stood at 10,474 units in 2012. This figure is projected to grow to 17,283 units by 2019. The power transformers market is expected to grow at a compound annual growth rate of 7.5% during the forecast period of 2013 to 2019. 

Browse the full Power Transformers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 report at http://www.transparencymarketresearch.com/power-transformer-market.html

The report segments the power transformers market on the basis of region and power ratings. By power ratings, the three main segments analyzed are 100 megavolt amperes (MVA) to 500 MVA, 501 MVA to 800 MVA, and 801 MVA to 1200 MVA. Regionally, the power transformers market is divided into North America, Asia-Pacific, Europe, and Rest of the World. 

Power Transformers Market
Lower-rating transformers have been the most widely used units anywhere in the world and as a result, transformers with a power rating of 100 MVA to 500 MVA dominated the market in 2012, accounting for 68.2% of the revenue share. This segment is projected to grow at a CAGR of 8% from 2013 to 2019. Geographically, Asia-Pacific emerged as the leader of the power transformers market, growing at an 8.2% CAGR during the forecast period. This growth has been attributed to rising energy requirements and technological advancements. Looking to widen their power infrastructure, countries in the Middle East have been identified as lucrative emerging markets for power transformers.

A TMR analyst explains that the power transformers market is principally driven by the escalating demand for energy from all parts of the world. “With rising awareness regarding reduction in carbon footprint, smart grids and super grids have gained significance in recent times. This has received added impetus from favorable government regulations and the upgrading and renewal of existing power networks,” the analyst states, adding, “However, the power transformers market is likely to be hit by volatile prices of raw materials.” 


The global power transformers market is relatively fragmented by nature. Some of the leading players in the worldwide market are Mitsubishi Electric Corporation, Siemens Energy, Crompton Greaves Ltd., GE Co., Bharat Heavy Electricals Limited, Toshiba Corp., Alstom SA, ABB Ltd., Hyundai Heavy Industries Co. Ltd., and Hyosung Power & Industrial Systems Performance Group. The research report studies the competitive landscape of the power transformers market on the basis of criteria such as company and financial overview, business strategies, and developments. The report also conducts a SWOT analysis of individual companies, highlighting and evaluating each player’s strengths, weaknesses, opportunities, and threats.

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