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LINEAR ALPHA OLEFINS MARKET: GLOBAL INDUSTRY TRENDS, SHARE, SIZE, GROWTH, OPPORTUNITY AND FORECAST 2019-2024
| Chemical & Materials | Published by: IMARC GROUP | Market: |
| 90 pages | Published: 2/11/2019 |
- Chemical & Materials
- IMARC GROUP
- 90 pages
- Published: 2/11/2019
Linear alpha olefins are unbranched alkenes with a double bond at the first carbon atom of the chain. The presence of this double bond increases the reactivity of the compound and makes it useful for a number of applications. Linear alpha olefins are used in the production of a number of products ranging from various polymers to synthetic lubricants. According to IMARC Group’s latest report “Linear Alpha Olefins Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global linear alpha olefins market has grown at a CAGR of around 5% during 2011-2018 mainly driven by the growing plastics industry which is a major end-user of linear alpha olefins. The report provides a comprehensive insight into the industry including its market break-up by region, market breakup by end-uses, value chain analysis, import and export trends, key players and market outlook. The report also gives an in-sight into the manufacturing process of linear alpha olefins, covering key success and risk factors for manufacturers, manufacturing process flow, the reactions involved, raw materials and their requirements, etc.
The report has analysed the global linear alpha olefins market on the basis of end-use. The applications of linear alpha olefins depend on their carbon chain length. 1-C4 to 1-C8 linear alpha olefins are used as co-monomers in the production of polyethylene. 1-C6 to 1-C10 linear alpha olefins are used as precursors for plasticizer alcohols. 1-C12 to 1-C14 linear alpha olefins are used in the production of detergents and synthetic lubricants. Other uses of linear alpha olefins are in the manufacturing of synthetic acids, pulp, paper, drilling applications, etc. The polyethylene industry currently represents the biggest and fastest growing consumer of linear alpha olefins accounting for the majority of the total global consumption. The polyethylene application is followed by detergents, lubricants and plasticizer alcohols.
The report has analysed and segmented the global linear alpha olefins market on the basis of key regions. It finds that North America currently represents both the world’s largest producer and consumer of linear alpha olefins. In terms of production, North America is followed by Western Europe, Central and Eastern Europe, South Africa, Middle East and Japan. In terms of consumption, North America is followed by Western Europe, Asia (excluding Japan), Middle East and South Africa. On the basis of import and export trends, the report finds Belgium as the largest global importer of linear alpha olefins accounting for more than a fifth of the total global import volumes. Belgium was followed by the United States of America, France, Thailand and Netherlands.
The report has also analysed the global competitive landscape of the linear alpha olefins market. Some of the major players operating in this market include – Shell Chemical Ltd, Chevron Phillips Chemical Company LP, Sasol Limited, the DOW Chemical Company and ExxonMobil Chemical Company.
The essential aspects of the global linear alpha olefins market evaluated in the report include:
- Market trends
- Major regions
- Key application areas
- Key manufacturers
- Price trends
- Raw material requirements
- Chemical reactions involved in the manufacturing process
- Major importers and exporters
- Value chain analysis
- Market trends for major feedstocks
- Price trends for major feedstocks
- Key regions for major feedstocks
- Key application areas for major feedstocks
- Key players for major feedstocks
1. Preface
2. Research Methodology
3. Executive Summary
4. Introduction
4.1 Overview
4.2 Properties
5. Global Linear Alpha Olefins Industry
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Price Trends
5.4 Market Breakup by Region
5.5 Market Breakup by Type
5.6 Market Breakup by End Use
5.7 Market Forecast
5.8 SWOT Analysis
5.8.1 Strengths
5.8.2 Weaknesses
5.8.3 Opportunities
5.8.4 Threats
5.9 Value Chain Analysis
5.10 Porter’s Five Forces Analysis
5.10.1 Overview
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes
5.11 Trade Data
5.11.1 Imports
5.11.2 Exports
5.12 Key Market Drivers and Success Factors
6. Performance of Key Regions
6.1 North America
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Middle East
6.2.1 Market Trends
6.2.2 Market Trends
6.3 Western Europe
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 South Africa
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7. Market by Type
7.1 Butene
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Hexene
7.2.1 Market Trends
7.2.2 Market Trends
7.3 Octene
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Decene
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Dodecene
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Tetradecene
7.6.1 Market Trends
7.6.2 Market Forecast
7.7 Hexadecene
7.7.1 Market Trends
7.7.2 Market Trends
7.8 Octadecene
7.8.1 Market Trends
7.8.2 Market Forecast
7.9 Eicosene
7.9.1 Market Trends
7.9.2 Market Forecast
7.10 Others
7.10.1 Market Trends
7.10.2 Market Forecast
8. Market by End Use
8.1 LLDPE
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Detergent Alcohols
8.2.1 Market Trends
8.2.2 Market Trends
8.3 HDPE
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Lubricants
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 LDPE
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9. Competitive Landscape
9.1 Market Structure
9.2 Market Breakup by Key Players
9.3 Key Player Profiles
9.3.1 Shell
9.3.2 CPChem
9.3.3 INEOS
9.3.4 Sasol
9.3.5 DOW
9.3.6 ExxonMobil
10. Linear Alpha Olefins Manufacturing Process
10.1 Product Overview
10.2 Chemical Reactions Involved
10.3 Manufacturing Process
10.4 Detailed Process Flow
10.5 Raw Material Requirement
10.6 Mass Balance and Feedstock Conversion Rate
11. Linear Alpha Olefins Feedstock Market Analysis
11.1 Ethylene
11.1.1 Market Performance
11.1.2 Volume Trends
11.1.3 Value Trends
11.1.4 Price Trends
11.1.5 Market by Breakup by Region
11.1.6 Market by End-Use
11.1.7 Key Suppliers
Market by Type
- Butene
- Hexene
- Octene
- Decene
- Dodecene
- Tetradecene
- Hexadecene
- Octadecene
- Eicosene
- Others
Market by End Use
- LLDPE
- Detergent Alcohols
- HDPE
- Lubricants
- LDPE
- Others
MALAYSIA RETAIL SECTOR – GROWTH, TRENDS, AND FORECAST (2019 – 2024)
| NEO | Published by: Mordor Intelligence | Market: |
| 151 pages | Published: 07-06-2019 |
- NEO
- Mordor Intelligence
- 151 pages
- Published: 07-06-2019
Market Overview
For the third quarter of 2018, the Malaysian retail industry achieved an encouraging growth rate of 6.7%, as compared to the same period in 2017. This latest quarterly result was above market expectation. The Malaysian retail sector market is projected to witness a CAGR of 3.4% during the forecast period. The market is segmented by product category, distribution channel, and market dynamics.
Malaysia has a large and growing food retail market, supplied by local and imported products. In 2018, consumer’s preference started shifting toward stores that offer more convenient, easier way of shopping for groceries. These stores allow consumers to spend less time browsing for goods, and, therefore, enable them to reduce time spent on grocery shopping
The Malaysian national economy recorded a sustainable growth rate of 5.6% for the first quarter of 2018, as compared to -1.2% for retail sales (at current prices). Private investment, export, and public sector consumption were the main drivers of growth during this period.
Scope of the Report
A complete background analysis of the Malaysian retail Industry, which includes an assessment of the parental market, emerging trends by segments, and regional markets. Significant changes in market dynamics and market overview are covered in the report
Key Market Trends
Retail Sector Leading Malaysian Commercial Real Estate Investment
Malaysia’s retail sector ranked top amongst the key players in the commercial real estate investment sentiment survey. All players, namely, developers, fund / REIT managers, and lenders indicate that they will continue to invest/fund the property sub-sector despite the oversupplied market.
Whilst the retail, office and hotel / leisure sub-sectors will continue to see investments from developers; on the other hand, fund / REIT managers are looking to invest in the retail, logistics / industrial, and healthcare / institutional sub-sectors.
Malaysia’s retail industry will continue to play a formidable role in Malaysia’s nation’s commercial property market. The outlook for the retail market, however, did not look rosy in 2018 as an immediate rebound in consumer spending was highly unlikely.
This phenomenon may be alleviated if proper measures are enacted to prevent new retail developments from flooding the market. Besides that, existing retail properties should retool themselves, in order to maintain their relevance in the eyes of patrons.
Despite the unfavorable sentiment surrounding the retail market, the sector will continue to attract investments as developers are expected to collaborate with experienced mall managers to enhance the attractiveness of their assets and remain competitive in the challenging operating environment.
In the current retail landscape, mall operators need to focus beyond the occupancy rate of malls as high occupancy rates no longer equate to high profitability.
Malaysia’s Food and Beverage Industry On Growth
Malaysia’s most significant F&B exports are in the oils and fats category, particularly palm oil-based products, for which the country is one of the two largest exporters in the world.
The F&B industry accounted for approximately 10% of Malaysia’s exports in 2018. The country is also heavily dependent on imports of many staples, including rice, most meat, and seafood, for domestic consumption. Food imports accounted for nearly 8% of total imports in 2018.
The Malaysian food industry is as diverse as the cultures in Malaysia with a wide range of processed food as per the Asian taste. This industry is predominantly Malaysian-owned, dominated by small and medium scale companies (SMEs). Besides the SMEs, there are notable foreign companies and MNCs producing processed food products in Malaysia.
It encompasses sectors, such as cocoa and chocolate products, fishery products, cereals and cereal products, processed fruits and vegetables, confectionery, food ingredients, herbs and spices, beverages, animal feed, and others. Malaysia is currently the largest cocoa processor in Asia. Although Malaysia is the world’s fifth largest cocoa processor, local cocoa bean production could not support the huge demand from the local grinding and processing industry. Most of the cocoa beans are imported.
Competitive Landscape
The report covers major international players operating in the Malaysian retail sector. In terms of market share, few of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets
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 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Scope of the Study
2. Research Methodology
3. Executive Summary
4. Market Insights and Dynamics
4.1 Market Overview
4.2 Customer Behavior Analysis
4.3 Industry Attractiveness – Porter’s Five Forces Analysis
4.4 Drivers
4.5 Restraints
4.6 Opportunities
4.7 Industry Value Chain Analysis
4.8 Technology Snapshot
4.9 Insights on Distribution Channels in Retail Trade
4.9.1 Hypermarkets and Supermarkets and Convenience Stores
4.9.2 Specialty Stores
4.9.3 Department Stores
4.9.4 Other Distribution Channels
4.10 E- commerce Trend in Retail Sector
5. Market Segmentation
5.1 BY PRODUCT CATEGORY
5.1.1 Food and Beverage and Tobacco Products
5.1.2 Personal and Household Care
5.1.3 Apparel, Footwear and Accessories
5.1.4 Furniture, Toys, and Hobby
5.1.5 Industrial and Automotive
5.1.6 Electronic and Household Appliances
5.1.7 Pharmaceuticals, Luxury goods, and Other Products
6. Competitive Landscape
6.1 Vendor Market Share
6.2 Mergers & Acquisitions
6.3 Company Profiles
6.3.1 Parkson Holdings Bhd.
6.3.2 Suiwah Corp. Bhd
6.3.3 B.I.G. Store Sdn Bhd
6.3.4 AEON Group
6.3.5 7-Eleven
6.3.6 The Store Corp. Bhd
6.3.7 Robinson & Co
6.3.8 Isetan
6.3.9 MJ Department Stores Sdn Bhd
6.3.10 Tesco
*List not exhaustive
7. Investment Analysis on Malaysia Retail Sector
8. Future of Malaysia Retail Sector
Market Segmentation
- By Product Category
Food and Beverage and Tobacco Products
Personal and Household Care
Apparel, Footwear and Accessories
Furniture, Toys, and Hobby
Industrial and Automotive
Electronic and Household Appliances
Pharmaceuticals, Luxury goods, and Other Products
TAIWAN RETAIL SECTOR – GROWTH, TRENDS AND FORECAST (2019 – 2024)
| NEO | Published by: Mordor Intelligence | Market: |
| 148 pages | Published: 07-06-2019 |
- NEO
- Mordor Intelligence
- 148 pages
- Published: 07-06-2019
Market Overview
Retail sales in Taiwan increased by 1.95% year-on-year in December of 2018, much higher than an upwardly revised 0.6% gain in November. The market is segmented by product category, distribution channel, and market dynamics. Demographics are playing a major role in determining shopping preferences, with many older Taiwanese consumers buying their meat, fish, fruits, and vegetables at specialist markets.
In response, some supermarkets are trying to attract this consumer group by recreating the look of a more traditional market within their stores; they have achieved some success, particularly in urban areas. The Taiwanese consumer shops for food at least twice a week, and sometimes, daily. However, those who favor shopping at supermarkets and hypermarkets tend to do one big grocery shopping per week. Top-up food shopping occurs on a daily basis in Taiwan, and is carried out mostly in convenience stores.
Scope of the Report
A complete background analysis of the Taiwanese retail industry, which includes an assessment of the parental market, emerging trends by segments and regional markets, significant changes in market dynamics, and market overview, is covered in the report.
Key Market Trends
Consumer Confidence to Strengthen on Minimum Wage Hike
Consumer confidence in Taiwan is expected to strengthen on recent pay increase. Taiwanese consumers are likely to increase their consumption after the monthly minimum wage in the territory was raised by 4.7% to NTD 22,000 from the previous NTD 21,009, and public sector employees were awarded a 3% pay rise, both effective from 1 January 2018.
Improved consumer confidence and higher income levels are expected to have a positive impact on the retail market, especially the F&B sector.
With changing lifestyle and family structure resulting in the growing prevalence of one-person household, more Taiwanese, especially young adults living in urban cities like Taipei, prefer eating out for convenience and for the variety of cuisine on offer.
Currently, the number of eateries on the island is growing at an average of 3% to 6% each year to over 120,000, according to Channel News Asia. In 2017, total revenue of the catering sector in Taiwan topped NTD 452.3 billion, smashing the record high of NTD 439.4 billion in 2016.
The average Taiwanese consumer prefers to dine out, while dining-in is most commonly carried out by older people or young families co-habiting with their parents. There is a tide of fashionable, urban, singles, couples, and young families turning that notion around, viewing cooking as a recreational activity.
High Growth of Apparel and Footwear Industry
The apparel market is expected to grow annually by 3.5% by 2024. The apparel retail market includes baby clothing, formalwear, formalwear-occasion, toddler clothing, casual wear, essentials, and outerwear for men, women, boys and girls; the market excludes sports-specific clothing. The children’s wear segment was the industry’s most lucrative segment in 2018, holding 45.1% share of the apparel market.
Fast fashion has also proven to be a lucrative sector in the industry, particularly for millennial customers.
Fast fashion brand H&M opened its first store in 2015, and now has a total of 12 outlets across the country. The industry is now highly aware of the power of combining design with aesthetic and cultural creativity. Encouraged and supported by government policy, the industry is actively integrating creativity, innovation, and cultural heritage into design to create unique and refined products. Crossover collaboration is also a new direction to augment market coverage.
Competitive Landscape
The report covers major international players operating in the Taiwanese retail sector. In terms of market share, few of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping new markets.
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 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Research Methodology
2. Scope of Study
3. Market Insights
3.1 Market Overview
3.2 Customer Behavior Analysis
3.3 Industry Attractiveness – Porter’s Five Forces Analysis
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Industry Value Chain Analysis
5. TECHNOLOGY SNAPSHOT
6. MARKET SEGMENTATION
6.1 Food, Beverage, and Tobacco Products
6.2 Personal Care and Household
6.3 Apparel, Footwear, and Accessories
6.4 Furniture, Toys, and Hobby
6.5 Industrial and Automotive
6.6 Electronic and Household Appliances
6.7 Pharmaceuticals, Luxury Goods, and Other Products
7. Insights on Distribution Channels in Retail Trade
7.1 Hypermarkets, Supermarkets, and Convenience Stores
7.2 Specialty Stores
7.3 Department Stores
7.4 E- commerce
7.5 Other Distribution Channels
8. Company Profiles
8.1 President Chain Store Corp.
8.2 Taiwan FamilyMart Co., Ltd.
8.3 Mercuries & Associates Holding Ltd.
8.4 Far Eastern Group
8.5 POYA International Co., Ltd.
8.6 The Eslite Corporation
8.7 Sogo Department Stores Co. Ltd.
8.8 Kayee International Group Co., Ltd
8.9 Carrefour
8.10 RT – Mart
9. Investment Analysis on the Taiwan Retail Sector
10. Future of the Taiwan Retail Sector
Market Segmentation
- Food, Beverage, and Tobacco Products
Personal Care and Household
Apparel, Footwear, and Accessories
Furniture, Toys, and Hobby
Industrial and Automotive
Electronic and Household Appliances
Pharmaceuticals, Luxury Goods, and Other Products
AUSTRALIA RETAIL SECTOR – GROWTH, TRENDS, AND FORECAST (2019 – 2024)
| NEO | Published by: Mordor Intelligence | Market: |
| 158 pages | Published: 07-06-2019 |
- NEO
- Mordor Intelligence
- 158 pages
- Published: 07-06-2019
Market Overview
Australia’s Retail Sales grew 3.7 % Y-o-Y in Sep 2018, compared with a 3.7 % increase in the previous month. This sector is segmented on the basis of product category, distribution channel, and market dynamics.
Australia is one of the most urbanized societies in the world, with about 24 million people (90% of the population) living in the urban areas of Sydney, Melbourne, Adelaide, Brisbane, and Perth, as well as in smaller cities and towns within 100 miles of the ocean. Australia registered a significantly high per capita GDP, value at about USD 50,000. Furthermore, it recorded the second highest average wealth per adult.
The Australian retail sector witnessed a positive growth, despite significantly low increase in wages and rising household debt. Strong growth registered by the housing market, supported by low interest rates and increase in household credit, and impacted the consumer spending pattern.
Americans and Australians have a strong relationship that spans the history of both nations. Australia and the United States share a common heritage, culture and language and have supported each other in every major international crisis of the past century.
Scope of the Report
An in-depth analysis of the Australian retail sector, along with an overview of the parent market, regional markets, emerging trends, and market dynamics.
Key Market Trends
Foreign Companies are Formulating New Approaches in Retailing
The future of the Australian retail sectors depends on disruptive forces, such as changing consumer spending patterns and influx of foreign companies that focus on formulating new approaches in retailing.
Furthermore, the sector is facing disruption. The rising influx of foreign companies has not only changed the retail landscape, but also the consumer preferences. There is a significant shift in consumer preferences, primarily due to the advancements in technology.
The Australian retail sector requires agility and multiplicity of delivery platforms, which can identify non-responsive retailers. The sector registered a growth rate of 5%, 3%, and 2.6% in New South Wales, Victoria, and South Australia, respectively.
The Australian economy’s growth was majorly driven by private investments in the mining and housing markets, with core inflation at 1.75%, which is significant lower than the target formulated by the Reserve Bank.
Significant Growth Registered by the Apparel and Footwear Market
The Australian apparel and footwear market is expected to register a CAGR of 3.0%, annually. The Women and Girl Apparel segment is the major revenue contributor to the market, and is expected to be dominant throughout the forecast period.
The sportswear segment witnessed the strongest growth, driven by the athleisure trend. Due to this trend, a large number of consumers are opting active wear in the non-sports category. The athleisure trend, especially prevalent in the women’s wear category, is driving the demand for several categories, such as leggings and sport footwear. Internet retailing emerged as a prominent channel among apparel and footwear retailers.
In 2017, this channel witnessed a significant increase in its value share across the apparel and footwear categories. This was primarily driven by high mobile penetration in Australia, along with a significant shift toward the online distribution channel.
Competitive Landscape
The report provides an overview of major international players operating in the Australian retail sector. Currently, some of the major players are dominating the sector, in terms of revenue share. few. However, minor companies (mid-size and small) companies are focusing on improving their presence by securing new contracts and entering into new markets.
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 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Scope of the Study
2. Research Methodology
3. Executive Summary
4. Market Insights and Dynamics
4.1 Market Overview
4.2 Customer Behavior Analysis
4.3 Industry Attractiveness – Porter’s Five Forces Analysis
4.4 Drivers
4.5 Restraints
4.6 Opportunities
4.7 Industry Value Chain Analysis
4.8 Technology Snapshot
4.9 Insights on Distribution Channels in Retail Trade
4.9.1 Hypermarkets and Supermarkets and Convenience Stores
4.9.2 Specialty Stores
4.9.3 Department Stores
4.9.4 Other Distribution Channels
4.10 E- Commerce Trend in Retail Sector
5. Market Segmentation
5.1 By Product Category
5.1.1 Food and Beverage and Tobacco Products
5.1.2 Personal and Household Care
5.1.3 Apparel, Footwear and Accessories
5.1.4 Industrial and Automotive
5.1.5 Electronic and Household Appliances
5.1.6 Pharmaceuticals, Luxury goods, and Other Products
6. Competitive Landscape
6.1 Vendor Market Share, Mergers & Acquisitions
6.2 Company Profiles
6.2.1 ALDI Group
6.2.2 Metcash Limited
6.2.3 Woolworths Group Ltd
6.2.4 Big W
6.2.5 Wesfarmers Ltd
6.2.6 JB Hi-Fi Ltd
6.2.7 Kmart Australia Limited
6.2.8 Myer Group Pty Ltd
6.2.9 David Jones Properties Pty Limited
6.2.10 Kogan.com Ltd
7. Investment Analysis on the Australian Retail Sector
8. Future of the Australian Retail Sector
Market Segmentation
- By Product Category
Food and Beverage and Tobacco Products
Personal and Household Care
Apparel, Footwear and Accessories
Industrial and Automotive
Electronic and Household Appliances
Pharmaceuticals, Luxury goods, and Other Products
Smart Mining Market – Growth, Trends and Forecasts (2019 – 2024)
| Automation | Published by: Mordor Intelligence | Market: |
| 100 pages | Published: 07-06-2019 |
- Automation
- Mordor Intelligence
- 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
HVAC Equipment Market – Growth, Trends, and Forecast (2019 – 2024)
| Automation | Published by: Mordor Intelligence | Market: |
| 100 pages | Published: 07-06-2019 |
- Automation
- Mordor Intelligence
- 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