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HVAC Equipment Market – Growth, Trends, and Forecast (2019 – 2024)
| Automation | Published by: Mordor Intelligence | Market: Global |
| 100 pages | Published: 07-06-2019 |
- Automation
- Mordor Intelligence
- Global
- 100 pages
- Published: 07-06-2019
Market Overview
The HVAC equipment market is expected to register a CAGR of over 7% over the forecast period (2019-2024). Heating, ventilation, and air conditioning (HVAC) systems are finding widespread adoption across various regions, due to the multiple advantages they offer, most notably power-saving techniques.
Major factors driving the market for HVAC equipment in the region include an increase in new households, rising average construction spending, rapid urbanization, and growth in disposable income across several major economies. The rising requirement from the commercial segment and high demand for HVAC products in the Asia-Pacific region are the other key drivers of the market.
The declining IoT sensor costs are also expected to result in OEMs offering products for a lower and more competitive price, which could indirectly impact the HVAC equipment market.
Scope of the Report
HVAC equipment is an indoor and vehicular environment comfort technology that provides thermal comfort and acceptable indoor air quality. It is an important part of residential structures, such as single family homes, apartment buildings, hotels and senior living facilities, medium to large industrial and office buildings, such as skyscrapers and hospitals, vehicles, such as cars, trains, airplanes, ships and submarines, and in marine environments, where safe and healthy building conditions are regulated, with respect to temperature and humidity, using fresh air from outdoors.
Key Market Trends
Heating Equipment to Hold Significant Share
Demand for efficient heating equipment has led to its growth, making it one of the largest contributor to the global HVAC equipment market. Heating equipment provide the required heating environment in a cost-effective manner. Rapid growth in technology has helped the rise of efficient solutions for verticals to reduce emissions in an economical manner.
End users, like the commercial and residential segments, are using small units of HVAC equipment in the form of packages, in order to satisfy their energy demand. Large complexes are deploying efficient HVAC systems to meet their energy requirements.
Regions, like Asia-Pacific and North America, are leading the global race, as contribution and penetration rate of heating HVAC equipment are rapidly increasing. Countries, like China, Japan, and India, are leading the APAC HVAC equipment market. The major contributors to the heating equipment market are furnaces and heat pumps, adding value to the demand of the major verticals across the world, followed by boilers and unitary heaters.
North America to Hold Major Share
North America holds the major share in the HVAC equipment market. The demand for HVAC equipment in the United States is forecasted to witness exponential growth. Advancements are likely to result in rapid gains, with rise in the expenditure of construction. Growth in repair investments, as replacement demand, is contributing to the market growth. There is a rising demand for HVAC efficient systems with sophisticated technology. However, federal tax incentives are targeted, due to which high-efficiency systems expired at the beginning of 2016. The effect of this has provided an advantage for homeowners, with better HVAC systems being replaced with smaller units. Moreover, HVAC manufacturers in North America are increasing their focus on manufacturing HVAC systems that provide ease of use, are more energy efficient and eco-friendly.
Competitive Landscape
The HVAC equipment market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with a prominent share in the market are focusing on expanding their customer bases across foreign countries. In the past year UTC, Daikin, Ingersoll- Rand, Johnson Controls, and Lennox International were some of the leading players operating in the HVAC market in North America. Moreover, an increasing number of companies have started offering HVAC systems with higher energy efficiency, green technology, and compatibility with smart devices.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
Table of Contents
1. Introduction
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Rise in Residential and Non Residential Users
4.4 Market Restraints
4.4.1 High energy consumption of HVAC equipment
4.5 Industry Attractiveness Porter’s Five Force Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
5. Market Segmentation
5.1 Geography
5.1.1 North America
5.1.2 Europe
5.1.3 Asia Pacific
5.1.4 Latin America
5.1.5 Middle East and Africa
5.2 Equipment
5.2.1 Air Conditioning Equipment
5.2.2 Heating Equipment
5.2.3 Heat Pumps
5.2.4 Dehumidifiers & Humidifiers
5.3 End User
5.3.1 Residential
5.3.2 Industrial
5.3.3 Commercial
6. Competitive Landscape
6.1 Company Profiles
6.1.1 United Technologies Corporation (Carrier)
6.1.2 Daikin Industries. Ltd.
6.1.3 Haier Inc.
6.1.4 Samsung Electronics
6.1.5 Panasonic Corporation
6.1.6 Lennox International Inc.
6.1.7 Electrolux AB
6.1.8 LG Corporation
6.1.9 Emerson Electric Company
6.1.10 Carrier Corporation
6.1.11 Danfoss A/S
6.1.12 Uponor Corp
6.1.13 Honeywell International Inc.
7. Investment Analysis
8. Market Opportunities and Future Trends
Market Segmentation
- Geography
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Equipment
Air Conditioning Equipment
Heating Equipment
Heat Pumps
Dehumidifiers & Humidifiers
End User
Residential
Industrial
Commercial
Smart Mining Market – Growth, Trends and Forecasts (2019 – 2024)
| Automation | Published by: Mordor Intelligence | Market: Global |
| 100 pages | Published: 07-06-2019 |
- Automation
- Mordor Intelligence
- Global
- 100 pages
- Published: 07-06-2019
Market Overview
The global smart mining market was valued at 5.68 billion in 2018, and it is expected to register a CAGR of 19.7% over the forecast period. The exponential decline in the required human effort for mechanical applications, through automation, add toward establishing an enhanced performance management solution in asset management solutions.
Rising pressure due to increasing productivity demands and cost reductions has embarked upon changes in the basic infrastructure, processes, and technology in the mining industry.
Factors, such as increased focus on safety and health for the workforce, stringent regulations, rapid adoption of IoT solutions, and rise in adoption of autonomous equipment, have also boosted the overall market growth.
The increasing penetration of advanced technology in the industry is projected to cut down significant workforce costs for the end users, and hence result in considerable cost optimization.
Scope of the Report
Mining is a labor-intensive activity that needs to take under consideration various safety concerns. Smart mining refers to the optimal usage of technology, to achieve higher safety and productivity with minimal costs, within the mines.
Key Market Trends
Increasing Importance of Data Management and Analysis
Data management and analysis in the current market landscape has evolved to be of vital importance across different industries. Implementation of connected and automated systems, in order to harness artificial intelligence and utilize the mine’s idle data to make mines smarter for geological modeling and planning, is a recent trend in the industry.
Globally, mines are facing digital effectiveness as one of the major risks, and are thus making significant IT investments to increase their falling productivity. According to a McKinsey study, owing to inefficient systems, the mining industry recorded a fall of 3.5% in productivity.
Data from different deployed systems is being centralized to ensure effectiveness and productivity, thus eliminating the need for complicated manual systems. For instance, the Australian iron ore miner, CITIC Pacific Mining is utilizing SAP Vehicle Insights, a monitoring tool for light vehicles. While the tool provides basic logging and trafficking of the company’s assets, it is also helping the company realize the additional benefits (a quick ROI).
The growing adoption of technology in the mining industry is in its nascent stage, there are certain enhancements required in the areas of storage and management of the security of data being generated. There is a huge growth potential for data management and analytics solutions in the mining industry, as the importance of cross-referencing the data from different departments is increasing, in order to develop holistic data-centric solutions, which can cover the entire operation in the mining location.
North America to Hold Major Share
In North America, the United States has been witnessing an economic dislocation with regard to its mining industry (especially coal mining), due to political sensitivity. This has led to plant idling and workforce reductions in these mines, which has been a challenging factor for the smart mining market. Dynamic regulations in the country, due to the changing political environment, is expected to challenge the position of smart mining system manufacturers. With increasing challenges, such as changing the sociopolitical environment, limited access to capital, rising costs, and resource nationalism, the industry in the region is seeking new ways to overcome these challenges. Smart mining initiatives by various major companies are expected to play a crucial role in overcoming the aforementioned challenges.
Competitive Landscape
The smart mining market is gaining a competitive edge in recent years. In terms of market share, few of the major players currently dominate the market. These major players with a prominent share in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market share and increase their profitability. In May 2017, Cisco partnered with mining companies in Kazakhstan, to help improve productivity and efficiency.
In addition, Cisco is working with Kazatomprom, a national mining operator, to develop a convergent digital mine network that connects previously separate networks for voice collaboration, industrial and automation control, and office control. The increasing competition in the market is enabling the companies to leverage their product portfolio. For instance, in May 2018, Wenco International Mining Systems launched its Wenco Mine Performance Suite 6. It helped Wenco to move beyond traditional dispatch systems, incorporating user interface enhancements, and across-the-suite integration for improved insights, safety, and performance.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
Table of Contents
1. Introduction
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2 Value Chain Analysis
4.3 Industry Attractiveness Porter’s Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
4.4 Introduction to Market Drivers and Restraints
4.5 Market Drivers
4.5.1 Growing Focus on Safety and Health
4.5.2 Increasing Penetration of Internet of Things (IoT) Solutions in Mining
4.6 Market Restraints
4.6.1 Lack of Qualified and Highly-skilled Labor
4.6.2 Challenging Equipment Management
5. Market Segmentation
5.1 Solution and Service
5.1.1 Solution
5.1.1.1 Smart Control System
5.1.1.2 Smart Asset Management
5.1.1.3 Safety and Security System
5.1.1.4 Data Management and Analytics Software
5.1.1.5 Monitoring System
5.1.1.6 Other Solutions
5.1.2 Service
5.1.2.1 System Integration
5.1.2.2 Consulting
5.1.2.3 Engineering and Maintenance
5.2 Mining Type
5.2.1 Underground Mining
5.2.2 Surface Mining
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia-Pacific
5.3.4 Latin America
5.3.5 Middle East & Africa
6. Competitive Landscape
6.1 Company Profiles
6.1.1 Cisco Systems Inc.
6.1.2 Wenco International Mining Systems Ltd
6.1.3 SAP SE
6.1.4 Rockwell Automation Inc.
6.1.5 Komatsu Mining Corporation (Joy Global)
6.1.6 Symboticware Inc.
6.1.7 ABB Ltd
6.1.8 Trimble Inc.
6.1.9 IBM Corporation
6.1.10 Atlas Copco
6.1.11 Outotec OYJ
6.1.12 Hexagon AB
6.1.13 Intellisense.IO
6.1.14 ABB Ltd
7 Market Opportunities and Future Trends
Market Segmentation
- Solution and Service
Solution
Smart Control System
Smart Asset Management
Safety and Security System
Data Management and Analytics Software
Monitoring System
Other Solutions
Service
System Integration
Consulting
Engineering and Maintenance
Mining Type
Underground Mining
Surface Mining
Geography
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
North America HVAC Equipment Market – Growth, Trends, and Forecasts (2019 – 2024)
| Automation | Published by: Mordor Intelligence | Market: North America |
| 100 pages | Published: 10-06-2019 |
- Automation
- Mordor Intelligence
- North America
- 100 pages
- Published: 10-06-2019
Market Overview
The North American HVAC equipment market was valued at 20.45 billion in 2018, and it is expected to register a CAGR of 4.6% over the forecast period (2019-2024). Heating, ventilation, and air conditioning (HVAC) systems are finding widespread adoption across the North American region, due to the multiple advantages HVAC systems offer, most notably power saving techniques.
Major factors driving the HVAC equipment market in the region include an increase in new households, rising average construction spending, rapid urbanization, and growth in disposable income across several major economies.
North America is witnessing a significant adoption of smart home and smart city initiatives. It is estimated that 12 of the world’s 50 smartest cities are located in the North American region. Furthermore, various governments in the area are also promoting the adoption of smart cities. For instance, Las Vegas is testing three pilot projects, with the government allocating USD 500 million to find ways to connect the entire city by 2025.
The United States and Canada rank among the world’s top 10 energy consumption countries in the world, with the US ranking at second, only behind China. To ensure a sustainable future, the United States Department of Energy (DOE) is heavily invested in improving energy efficiency standards throughout the country. The DOE’s mission is to ensure United States’ security and prosperity by addressing its environmental, energy, and nuclear challenges through transformative science and technology solutions. This led to the DOE placing minimum energy efficiency standards on appliances and equipment, which include air conditioners, washers and dryers, refrigerators, and more. According to the Consumer Federation of America, these standards are expected to save consumers a combined USD 1 trillion.
The declining IoT sensor costs are also expected to result in OEMs offering products for a lower and more competitive price, which could indirectly impact the HVAC equipment market.
Scope of the Report
HVAC equipment is an indoor and vehicular environment comfort technology that provides thermal comfort and acceptable indoor air quality. It is an important part of residential structures, such as single-family homes, apartment buildings, hotels and senior living facilities, and medium to large industrial and office buildings, such as skyscrapers and hospitals, where safe and healthy building conditions are regulated, with respect to temperature and humidity, using fresh air from outdoors.
Key Market Trends
Heating Equipment Segment to Exhibit Highest Growth
The demand for efficient heating equipment has led to its growth, making it one of the largest contributors to the HVAC equipment market in North America.
Heating equipment provides required heating environment in a cost-effective manner. Rapid growth in technology has helped the rise of efficient solutions for verticals to reduce emissions in an economical manner.
End users, like the commercial and residential segments, are using small units of HVAC equipment in the form of packages, in order to satisfy their energy demand. Large complexes are deploying efficient HVAC systems to meet their energy requirement.
The major contributors to the heating equipment market are furnaces and heat pumps, adding value to the demand of the major verticals across the world, followed by boilers and unitary heaters.
United States to Hold Major Share
North America is leading the race, as contribution and penetration rate of heating HVAC equipment is rapidly growing. The ongoing advancement is expected to result in rapid gains with rise in the expenditure of construction. Growth in repair investments, as replacement demand, is contributing to market growth. There is a rising demand for HVAC efficient systems with sophisticated technology. However, federal tax incentives are targeted, due to which high-efficiency systems expired in the beginning of 2016. The effect of this has provided an advantage for homeowners with better HVAC systems, being replaced with smaller units. Moreover, HVAC manufacturers in North America are increasing their focus on manufacturing HVAC systems that provide ease of use, and are more energy efficient and eco-friendly.
Competitive Landscape
The North American HVAC equipment market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with a prominent share in the market are focusing on expanding their customer base across foreign countries. In the past year, UTC, Daikin, Ingersoll- Rand, Johnson Controls, and Lennox International were some of the leading players operating in the North American HVAC market. Moreover, an increasing number of companies have started offering HVAC systems with higher energy efficiency, green technology, and compatibility with smart devices.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Rise in Residential and Non-residential Users
4.4 Market Restraints
4.4.1 High Energy Consumption of HVAC Equipment
4.5 Industry Attractiveness – Porter’s Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Equipment
5.1.1 Air Conditioning Equipment
5.1.2 Heating Equipment
5.1.3 Heat Pumps
5.1.4 Dehumidifiers and Humidifiers
5.2 By End User
5.2.1 Residential
5.2.2 Industrial
5.2.3 Commercial
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 United Technologies Corporation (Carrier)
6.1.2 Daikin Industries Ltd
6.1.3 Lennox International Inc.
6.1.4 Electrolux AB
6.1.5 Emerson Electric Company
6.1.6 Carrier Corporation
6.1.7 Danfoss A/S
6.1.8 Uponor Corp.
6.1.9 Honeywell International Inc.
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Equipment
Air Conditioning Equipment
Heating Equipment
Heat Pumps
Dehumidifiers and Humidifiers
By End User
Residential
Industrial
Commercial
Mexico Factory Automation and Industrial Controls Market – Growth, Trends, Forecast (2019 – 2024)
| Automation | Published by: Mordor Intelligence | Market: Mexico |
| 100 pages | Published: 10-06-2019 |
- Automation
- Mordor Intelligence
- Mexico
- 100 pages
- Published: 10-06-2019
Market Overview
The Mexican factory automation and industrial controls market was valued at USD 1,289.2 million in 2018, and it is expected to register a CAGR of 8.5% over the forecast period (2019-2024). The country is witnessing a rapid adoption of factory automation and industrial control systems in Latin America, owing to the growing adoption of automation technologies, coupled with the advent of Industry 4.0 norms among expanding manufacturing sectors in the country.
The country is witnessing a significant boost in the automotive manufacturing industry, with Nissan, Honda, and Mazda, opening new high-volume facilities in the country, and a national vehicle production growth of over 7.5%.
The exponential growth in the country’s manufacturing sector is the major driver for market growth. In 2017, nearly 16% of the country’s GDP came from manufacturing. Companies have witnessed a rise in the demand for catering to the manufacturing sector in the country, with the other countries in the region, like Brazil recovering from the economic crisis. For instance, Rockwell Automation’s sales growth in 2017, in Latin America, was mixed, with growth led by Mexico and partially offset by decline across the rest of the LATAM region.
The lower labor costs in the country are resulting in the rapid expansion of other industrial sectors, like consumer electronics manufacturing, pharmaceutical manufacturing, and metallurgical industries, which is expected to boost the Mexican fully automation and industrial controls market.
Scope of the Report
The evolution of technological advancements and innovations across various manufacturing units have encouraged the adoption of automation technologies. Digitization and Industry 4.0 revolution have significantly stimulated the growth of automation among industries, by necessitating the use of smarter and automated solutions, such as robotics and control systems, to improve production processes.
Key Market Trends
Robotics Segment to Hold Major Growth
Mexico is predominantly a production hub for car manufacturers and automotive parts suppliers that export to the United States, and increasingly to South America. At USD 2.45 trillion, Mexico is the fifteenth-largest global economy and home to 20 plus automotive assembly plants, including BMW, Mercedes, Audi, Ford, Chrysler, and Nissan.
They are putting more pressure on the local plants to increase the quality, get better safety, get better throughput, which is driving automation and robotics.
The Mexican manufacturing industry has propelled and digitalized significantly in recent years to enhance productivity, primarily owing to the automotive sector in the country, which is the seventh-largest maker of motor vehicles in the world. It produced more than 4.1 million units in 2017 or about 4.2% of the global production of 95.3 million units.
Therefore, Mexico’s manufacturing and most prominently the automobile manufacturing sector has made the country one of Latin America’s powerhouses for innovation and technology.
In order to support the country’s growing manufacturing industry, the Association for Advancing Automation (A3) has launched A3 Mexico to support the proliferation of the manufacturing sector with robotics.
Utility Segment to Witness Major Growth
According to the Ministry of Energy, the Mexican power generation sector is expected to witness investments over MXN 2039.89 billion by 2030, with most of the investments diverted toward power generation establishments and power transmission infrastructure. Since the country deregulated its power sector in 2014, it opened doors to a lot of private investment into the sector. Following the deregulation, many multinational power companies have invested in the country’s power sector. For example, recently, in March 2018, ATCO, a prominent Canadian holding company, along with Mexico-based RANMAN Energy, announced an investment of CAD 70 million to build a new 26-megawatt (MW) cogeneration plant, which is expected to be operational by the end of 2019. With such a positive investment scenario in the country’s utility sector, led by renewal or new construction projects, the demand for factory automation and industrial control system solutions is expected to grow rapidly.
Competitive Landscape
The Mexican factory automation and industrial controls market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. However, with innovative and sustainable products and solutions, many of the companies are increasing their market presence by securing new contracts and by tapping into new markets. For instance, in Feb 2018, Honeywell announced a new solution for real-time safety monitoring of workers in plant and remote operations.
The solution’s wearable gas detectors monitor gas, radiation, and dust, and are tightly integrated with Honeywell’s distributed control system, Experion Process Knowledge System (PKS). Furthermore, in Oct 2018, GE launched the next phase of Industrial Internet Control System (IICS). Built on the capabilities of its IICS, Intelligent Platforms introduced PACSystems RX3i CPL410, the first-ever outcome optimizing open controller, remote monitoring as a service platform, both designed to harness the combined power of edge controls and analytics to deliver actionable intelligence across the industrial ecosystem.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Scope of the Study
1.2 Study Assumptions
1.3 Study Deliverables
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness of Porter’s Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products or Services
4.3.5 Competitive Rivalry in the Industry
4.4 Introduction to Market Drivers and Restraints
4.5 Market Drivers
4.5.1 Increased Adoption of Internet of Things (IoT) and Machine-to-machine Technologies
4.5.2 Emphasis on Cost Cutting and Business Process Improvement
4.6 Market Restraints
4.6.1 High Installation Costs and Lack of Skilled Workforce Preventing Enterprises from Full-scale Adoption of Factory Automation
5 TECHNOLOGY SNAPSHOT
6 MARKET SEGMENTATION
6.1 By Product
6.1.1 Field Devices
6.1.1.1 Machine Vision
6.1.1.2 Robotics
6.1.1.3 Sensors
6.1.1.4 Motors and Drives
6.1.1.5 Other Field Devices
6.1.2 Industrial Control Systems
6.1.2.1 Supervisory Control and Data Acquisition (SCADA)
6.1.2.2 Distributed Control Systems (DCS)
6.1.2.3 Programmable Logic Controllers (PLC)
6.1.2.4 Manufacturing Execution System (MES)
6.1.2.5 Product Lifecycle Management (PLM)
6.1.2.6 Enterprise Resource Planning (ERP)
6.1.2.7 Human Machine Interface (HMI)
6.1.2.8 Other Control Systems
6.2 By End-user Industry
6.2.1 Automotive
6.2.2 Chemical and Petrochemical
6.2.3 Utility
6.2.4 Pharmaceutical
6.2.5 Food and Beverage
6.2.6 Oil and Gas
6.2.7 Other End-user Industries
7 COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Rockwell Automation Inc.
7.1.2 Honeywell International Inc.
7.1.3 General Electric Company
7.1.4 ABB Ltd
7.1.5 Emerson Electric Company
7.1.6 Omron Corporation
7.1.7 Autodesk Inc.
7.1.8 Mitsubishi Electric Corporation
7.1.9 Siemens AG
7.1.10 Aspen Technology Inc.
7.1.11 Robert Bosch GmbH
7.1.12 Texas Instruments Inc.
7.1.13 Yokogawa Electric Corporation
7.1.14 Schneider Electric SE
8 INVESTMENT ANALYSIS
9 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Product
Field Devices
Machine Vision
Robotics
Sensors
Motors and Drives
Other Field Devices
Industrial Control Systems
Supervisory Control and Data Acquisition (SCADA)
Distributed Control Systems (DCS)
Programmable Logic Controllers (PLC)
Manufacturing Execution System (MES)
Product Lifecycle Management (PLM)
Enterprise Resource Planning (ERP)
Human Machine Interface (HMI)
Other Control Systems
By End-user Industry
Automotive
Chemical and Petrochemical
Utility
Pharmaceutical
Food and Beverage
Oil and Gas
Other End-user Industries
Middle East & Africa Smart Meters Market – Growth, Trends and Forecasts (2019 – 2024)
| Automation | Published by: Mordor Intelligence | Market: Middle East & Africa |
| 80 pages | Published: 11-06-2019 |
- Automation
- Mordor Intelligence
- Middle East & Africa
- 80 pages
- Published: 11-06-2019
Market Overview
The number of smart meter units installed in Middle East & Africa was estimated to be 1,723.2 thousand units in 2018, and it is estimated to witness a CAGR of 42.0% over the forecast period (2019-2024). With rapid economic and population growth resulting in higher energy demand, the need for energy management is substantial in the Middle East & African region.
The need for improvement in energy efficiency and smart city investments are driving the growth in the Middle East & African smart meters market.
The most prominent restraint in the smart meters market is the availability of capital funding. Smart systems are comparatively more expensive than the regular metering equipment employed by most of the service providers and users.
According to the World Bank, the primary energy demand in the Middle East & North African region is expected to rise at an annual rate of 1.9%, through 2035. These factors indicate the need for smart metering infrastructure, in order to manage the demand and plan network expansion accordingly.
Scope of the Report
A smart meter is an electronic device that records the consumption of electric energy and communicates the information to the electricity supplier for monitoring and billing. Smart meters typically record energy hourly or more frequently, and report at least daily.
Key Market Trends
Commercial Sector to Hold Significant Share
The commercial infrastructure in smart metering includes hospitals, offices, schools, retailers, and restaurants, among others. The real benefit for the commercial users is that they can keep a closer eye on the volume used, therefore, lowering or streamlining the amount spent on a daily basis. Additionally, features, like real-time monitoring with analysis can offer the small business in the region with the ability to address any wastage.
The water shortage in schools in South Africa has led to the high adoption of smart water meters. In December 2017, in South Africa, schools faced a massive water shortage, which, in turn, compelled organizations to integrate smart water meters, to monitor and reduce the unnecessary consumption of water.
The growing infrastructure development in the region is further expected to drive the market for smart meters and attract market vendors to target a wide range of commercial customers. For instance, Steamaco rolled out 20,000 meters in West Africa, from containerized solar mini-grids in Mali to dense shopping markets in northern Nigeria.
Saudi Arabia Expected to Hold Major Share
One of the fastest-growing economies in the Middle East, the Kingdom of Saudi Arabia is faced with a growing energy demand. Accelerated economic and infrastructure growth calls for stable and reliable energy supply and management. The plan for large-scale smart metering implementation, supporting the Saudi Electricity Company’s (SEC) goal for enhanced energy efficiency, in line with Saudi Vision 2030, is witnessing increased investments.
For SEC, the introduction of smart metering is essential for handling a booming energy demand in a fast-paced economy. Moreover, smart metering implementation projects are seen as a sign of thorough restructuring and liberalization of the Saudi electricity sector.
With the number of metering points continuously on the rise, especially in the residential sector, the country aims to install around 12 million smart meters across the Kingdom by 2030. Furthermore, the SEC announced the launch of the Smart Metering Project Wave public tender, which involves the deployment of over 2 million smart meters, testing equipment, telecommunications infrastructure, and head-end system.
As average temperatures go up in the country and infrastructure continues to develop, the demand for air conditioning is projected to triple by 2050, according to the intergovernmental organization International Energy Agency. However, growth in electricity consumption in the country is likely to slow to 1.5% a year, down from the estimated 6-10% , according to the SEC.
Competitive Landscape
With only a few domestic companies in the Middle East & African region, the global companies with significant supplier/distribution channels and subsidiaries in the region constitute the competitive landscape of the Middle East & African smart meters market. Domestic technology companies are involving in strategic partnerships with global smart meter companies, in order to benefit from the technical expertise and increase the domestic presence. This, in turn, is increasing the chances for more contracts from the regional government. Some examples of strategic partnerships, mergers, and acquisitions in the Middle East & African smart meters market are:
In October 2017, the Dubai Electricity and Water Authority (DEWA) selected Honeywell for the provision of additional 150,000 smart meters. In the previous deal, the solutions provider supplied the utility with 250,000 advanced metering infrastructure (AMI) units.
In February 2018, Electricity and Water Distribution (EWA) and Iskraemeco announced the development of a smart grid in Bahrain. Iskraemeco as part of the modernizing project that aims to reform the Bahraini energy sector. After a period of intensive collaboration, Iskraemeco has become one of the leading metering solution providers in Bahrain.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Need For Improvement in Energy Efficiency and Smart City Investments
4.2.2 Demand for Sustainable Water Supply for All End Users
4.3 Market Restraints
4.3.1 High Costs and Integration Difficulties with Smart Meters
4.4 Value Chain / Supply Chain Analysis
4.5 Porter’s Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By End User
5.1.1 Residential
5.1.2 Commercial
5.1.3 Industrial
5.2 Smart Electricity Meters Market Segmentation
5.2.1 By Region
5.2.1.1 Middle East
5.2.1.2 Saudi Arabia
5.2.1.3 Africa
5.3 Smart Gas Meters Market Segmentation
5.3.1 By Region
5.3.1.1 Middle East
5.3.1.2 Africa
5.4 Smart Water Meters Market Segmentation
5.4.1 By Region
5.4.1.1 Middle East
5.4.1.2 Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 LANDIS+GYR Group AG
6.1.2 WASION Group Holdings
6.1.3 Elster Group GmbH (Honeywell International Inc.)
6.1.4 Iskraemeco, d.d.
6.1.5 Electromed (Termikel Group)
6.1.6 Kamstrup AS
6.1.7 Holley Technology
6.1.8 ADD Group
6.1.9 Itron Inc.
6.1.10 Hexing Electric Co. Ltd
6.1.11 Sensus (Xylem Inc.)
6.1.12 Diehl Metering FZE
6.1.13 AEM SA
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By End User
Residential
Commercial
Industrial
Smart Electricity Meters Market Segmentation
By Region
Middle East
Saudi Arabia
Africa
Smart Gas Meters Market Segmentation
By Region
Middle East
Africa
Smart Water Meters Market Segmentation
By Region
Middle East
Africa
Autonomous Delivery Robots Market – Growth, Trends and Forecasts (2019 – 2024)
| Automation | Published by: Mordor Intelligence | Market: Global |
| 100 pages | Published: 11-06-2019 |
- Automation
- Mordor Intelligence
- Global
- 100 pages
- Published: 11-06-2019
Market Overview
The autonomous delivery robots market is expected to register a CAGR of over 49.5% during the forecast period, 2019 – 2024. Smart meters boost a utility’s ability to precisely and timely bill customers for the extent of gas used. The remote read capability allows for smaller intervals between billing reads, better business preparation in understanding future revenue streams, or in producing a continuous flow of capital. For instance, smart gas meters take readings every half an hour in a day, and send it to the supplier.
The last mile in supply chain management and transportation planning describes the movement of goods from a transportation hub to the final delivery destination. Delivery is typical to a personal home/residence and can involve big and bulky items that require setup or assembly inside a home or office. Consumers are becoming increasingly sophisticated in what they demand from last-mile delivery. About 20% to 25% of consumers would pick same-day or instant delivery if it were available at low prices. Moreover, the e-commerce industry is growing without cessation and does not show any signs of stopping, more so as developing countries jump on the bandwagon.
This has led to the continued growth of courier, express, and parcel services across different regions of the world, as home delivery has grown to be the most preferred package delivery method, especially among the millennial population. In addition, municipalities are looking at regulating the use of these robots on city sidewalks in some countries. For instance, in December 2017, the city of San Francisco banned delivery robots from most of its sidewalks, forcing companies to test their robots in other cities.
Autonomous delivery robots began toting food to waiting for customers in San Francisco earlier in 2017 after Marble partnered with Yelp Eat 24 to test its flagship delivery bot. The four-wheeled robot is the size of an office copy machine. However, some pedestrians in San Francisco have complained that they crowd sidewalks and present a hazard to humans. Therefore, in May, shortly after Marble’s first bot rolled down the sidewalk, San Francisco Supervisor Norman Yee proposed a ban on the use of the technology in the city, citing public safety concerns. These challenges, among others, will determine whether last-mile delivery robots move from an emerging technology to a more mass-market offering. Thus, delivery robots are not likely to find easy usage on crowded roads, which is the most common scenario in urban areas.
Moreover, although the market is expected to grow, several challenges are expected to contest automated last-mile deliveries. Like self-driving cars, many trials of autonomous last-mile delivery robots are occurring in fair-weather locations. Outdoor deliveries will challenge such vehicles with snowy, icy, or rainy conditions.
For instance, in Boston, where NuTonomy has been road testing autonomous vehicles in cooperation with city planning officials, snow and seagulls have emerged as two of the biggest obstacles. Further, since delivery robots can be understood as cyber-physical systems in the context of Industry 4.0, there has to be the related regulatory framework of Industry 4.0 in international terms. As some of the autonomous delivery robots available currently are still remotely controlled from a control center, a permanent exchange of data between the robot and the control center occurs, resulting in serious issues in terms of data protection. Unless all firms shift to provide completely independent autonomous delivery robots, such as Starship Technologies, this factor will challenge market growth.
Scope of the Report
The advent of autonomous delivery robots (ADR) has revolutionized the delivery systems, providing a cheaper and efficient way of delivery. Though delivery robots have not had high adoption, they are expected to have high growth in the future, owing to various advantages.
Key Market Trends
Retail and Logistics Segment is Expected to Register a Significant Growth
Retail and logistics is the largest end user for autonomous delivery robots, globally. The increasing presence of e-commerce players and omnichannel retailers worldwide is the primary factors driving the demand for autonomous delivery robots, especially for last mile delivery.
Although there are several initiatives for airborne delivery systems, such as the Amazon Prime Air, they are not efficient enough to bridge the gaps in last mile delivery and logistics. But in the case of autonomous delivery robots, they can serve more customers at more economics costs, traveling more distances in a much safer manner. In the current market scenario, most of the pilot programs and innovations made for the autonomous delivery robots are targeted to address the last mile delivery problems. In many countries across the world, they are even functional in several cities. Countries like the United States, Japan, China, and several other European countries have a considerable number of services that are already using autonomous delivery robots for last mile deliveries.
For example, as of June 2018, JD.com, the second largest e-commerce player in China after Alibaba, started last mile deliveries using autonomous robots in Beijing. Previously, the company also employed autonomous delivery robots in several closed areas, such as college campuses and closed-off industrial communities, staying ahead in the competition.
North America is Expected to Hold Highest Market Share
North America is the largest market for autonomous delivery robots in the current market scenario. When compared to other regions, North America has a high number of startups and manufacturers working toward the growth of the autonomous delivery robots technology.
Also, the adoption of autonomous delivery robots across several end users in the region is comparatively high when compared to other parts of the world. In the hospitality and retail and logistics segments, the demand for these robots is very high; many retail and hospitality players are partnering with manufacturers to have a first-hand experience of the prototypes. For example, North America has a high degree of demand from the hospitality sector. Delivery robots are helping many prime hospitality establishments to gain tremendous attraction from media, which is an important channel in the region that influences tourists’ decision to select a hotel or resort.
In fact, according to the E-commerce foundation, North America has the highest social network penetration rate in the world at 66%, while the global average penetration rate stood at 37% in 2017. Despite the reduction of labor costs, installation of delivery robots also help hospitality establishments to gain popularity on social networks, helping them to improve their RevPAR. Such advantages are expected to keep a constant demand for autonomous delivery robots from the hospitality sector.
Competitive Landscape
The autonomous delivery robots market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. These major players with the prominent shares in the market are focusing on expanding their customer base across foreign countries. These companies are leveraging on strategic collaborative initiatives to increase their market share and profitability. The companies operating in the market are also acquiring start-ups working on autonomous delivery robots technologies to strengthen their product capabilities. In August 2018, Kroger Co. and Nuro Inc. announced to have selected Scottsdale, Arizona, as the city for testing their prototype products. Initially, the trails are to be conducted with self-driving Toyota Prius, while at a later phase they would introduce their prototypes (Nuro R1) for delivery.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Need To Manage Last Mile Delievries
4.3.2 Need For Better Efficiency In Supply Chain Processes, Such As Logistics
4.4 Market Restraints
4.4.1 Weather Conditions And Security Issues
4.5 Industry Attractiveness Porter’s Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Technology Snapshot
5 MARKET SEGMENTATION
5.1 By End User
5.1.1 Healthcare
5.1.2 Hospitality
5.1.3 Retail and Logistics
5.2 Geography
5.2.1 North America
5.2.2 Europe
5.2.3 Asia-Pacific
5.2.4 Rest of the World
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Kiwi
6.1.2 Aethon
6.1.3 Dispatch
6.1.4 TeleRetail
6.1.5 Marble Robot Inc.
6.1.6 Starship Technologies
6.1.7 Robby Technologies
6.1.8 Savioke
6.1.9 Nuro
6.1.10 Eliport
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Investment Analysis
7.2 Future of the Market
MARKET SEGMENTATION
By End User
Healthcare
Hospitality
Retail and Logistics
Geography
North America
Europe
Asia-Pacific
Rest of the World