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North America Evaporative Cooling Market – Growth, Trends and Forecast (2019 – 2024)
| Information & Communications Technology | Published by: Mordor Intelligence | Market: North America |
| 100 pages | Published: 13-06-2019 |
- Information & Communications Technology
- Mordor Intelligence
- North America
- 100 pages
- Published: 13-06-2019
Market Overview
The North American Evaporative Cooling Market is expected to register a CAGR of over 3.71% during the forecast period 2019 – 2024. The North American region has been witnessing an increasing number of initiatives for sustainable energy management. Therefore, traditional air conditioning is not a feasible option. This factor is driving the popularity of evaporative cooling, which is fast becoming the most efficient option, for cooling large areas or open spaces. Evaporative cooling enables firms to gain cooling benefits without adverse effects on the environment. It has become imperative for firms to adopt sustainable practices for their production and HVAC operations, to mitigate risks of environmental pollution.
Various government standards have been implemented in the region, specifically, in the United States, for the efficient use of energy across commercial and industrial sectors, with evaporative cooling technique. Therefore, the Natural Resources Canada is considering increasing the minimum energy performance standards (MEPS) for evaporative-cooled products, to align with the MEPS in the United States, for those classes of products. As evaporative cooling makes use of a natural process, namely the reduction of air temperature by evaporating water on it, they are the preferred alternative over the traditional cooling technologies.
Evaporative coolers offer several benefits to end users, including energy savings, cost effectiveness, low maintenance, and operational requirements, besides being multifunctional (can be used in an open environment, for cooling, air purification, and ventilation). Thus, owing to favorable regulations for sustainable energy across the region, advancements in technologies and their benefits compared to traditional cooling techniques, are significantly driving the market studied.
The other major driver for the US segment is the adoption of evaporative coolers in data centers. The demand for data centers is growing at a brisk pace in the country, with the rapid adoption of Big Data, digital content, and e-commerce. Keeping these facilities constantly functional is mandatory for multinational companies operating in this space. In addition to reliability, the industry is now seeking energy-efficient solutions that have the potential to lower the operational costs and reduce carbon emissions from data center operations. In 2015, the data centers in the United States consumed more than 110 million Kwh of electricity, equivalent to the output of 500 MW coal-fired power plants.
Scope of the Report
Evaporative cooling is preferred as an alternative over the traditional cooling technologies, as it makes use of a natural process, namely the reduction of air temperature by evaporating water on it. Although it is an age-old process, it has emerged as a viable alternative to conventional air conditioning systems in areas where extremely low temperatures are not required.
Key Market Trends
Commercial is expected to register a Significant Growth
Commercial establishments are required to maintain optimal climatic conditions in order to protect the health and well-being of employees and clients. Commercial entities, such as movie theaters, hospitals, hotels, airports, and malls, among others, generally employ both evaporative coolers and air conditioners depending upon the cooling and ventilation requirements of an enclosure.
Moreover, evaporative air coolers are widely used in the aforementioned commercial establishment’s facilities, as alternatives to air conditioners. Apart from this, the market is expected to be driven by the growing adoption in small to medium enterprises instead of air conditioners, as the cost of air conditioning setup can be significantly high.
Due to the recent surge in demand for data center operations, it has become imperative for HVAC companies to offer cost and energy-efficient solutions for data centers. Data center solution providers are on the lookout for reliable solutions that are able to cut down the overall emissions.
A normal data center usually requires around 0.5 to 50MW of cooling capacity, and due to recent changes in ASHRAE guidelines, the permissible operating temperature has been raised to 27°C. This has been a major driver for the demand of evaporative air coolers in data centers. Additionally, these products do not make use of any refrigerants or CFC’s, which could further reduce the overall carbon footprint for the end-user applications.
Direct cooling is Expected to Hold Major Share
Direct evaporative air cooling is the simplest, oldest, and the most widely used type of evaporative cooling. The fan in the system pulls hot air through a dampened sponge-like pad and distributes the resulting cool air to the interior space either directly, or through ducts. Warm dry air is converted to cool moist air as the heat in the air evaporates the water. It is considered that these evaporative coolants are expected to hold a small niche market, majorly in the southern part of the United States, where relative humidity during July noon is higher than 40%.
The direct evaporative cooling systems are suitable for applications that have large heat-load removal needs and those that are open to using outside air to accomplish this. The major areas of their applications include residential sectors, commercial kitchens, and warehouses where comfort requirements are more relaxed. Hence, the system requirement depends majorly on the end users, and on the specified operational performance requirements. Residential evaporative coolers are majorly of the direct type, however, some indirect systems are also used.
Moreover, small commercial buildings are responsible for an increasing share of the US energy consumption and account for 90% of the total number of commercial buildings in the United Stares. US citizens nearly use 30% of the world’s energy, and in the country, small commercial buildings account for approximately 10% of the country’s energy consumption.
Competitive Landscape
The North American Evaporative Cooling 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 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.
The companies operating in the market are also acquiring start-ups working on Evaporative Cooling technologies to strengthen their product capabilities. In February 2018, SPX Cooling Technologies Inc. announced the new Marley MD Everest counter flow cooling tower. The Marley MD Everest cooling tower is designed to meet HVAC demands and is suitable for a wide range of applications.
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
4.4 Market Restraints
4.5 Value Chain / Supply Chain Analysis
4.6 Industry Attractiveness Porters Five Force Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Cooling
5.1.1 Direct
5.1.2 Indirect
5.1.3 Two Stage
5.2 By Application
5.2.1 Industrial
5.2.2 Commercial
5.2.3 Confinement Farming
5.2.4 Other Applications
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Condair Group AG
6.1.2 Baltimore Aircoil Company Inc. (BAC
6.1.3 Munters Group AB
6.1.4 Colt Group
6.1.5 Phoenix Manufacturing Inc.
6.1.6 Delta Cooling Towers Inc.
6.1.7 SPX Cooling Technologies
6.1.8 Bonaire Group (Celi Group)
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Cooling
Direct
Indirect
Two Stage
By Application
Industrial
Commercial
Confinement Farming
Other Applications
Blockchain Market in the Energy Sector – Growth, Trends and Forecast (2019 – 2024)
| Information & Communications Technology | Published by: Mordor Intelligence | Market: Global |
| 95 pages | Published: 13-06-2019 |
- Information & Communications Technology
- Mordor Intelligence
- Global
- 95 pages
- Published: 13-06-2019
Market Overview
The Blockchain Market in the Energy Sector market is expected to register a CAGR of over 67.23 % during the forecast period 2019 – 2024. The blockchain technology, which has greatly benefitted the financial sector, finds applications in the energy sector predominantly for wholesale energy trading. However, the increasing number of use cases and efforts from the regional blockchain associations are promoting the adoption of the technology for various other applications like smart contracts and digital identification.
The increasing investment activity across the emerging vendors, like LO3 and Electron, among other 100+ startups, in the market enable the vendors to actively invest in more research and innovation for developing blockchain solutions for the energy sector. Considering that the innovation would be user-driven, such investments would increase the trust among the energy market participants to adopt blockchain technology.
Utilities are expressing their interest in the technology by investing in blockchain startups. For instance, Utilities like Tokyo Electric Power Company, a Japanese utility company has invested in the Energy Web Foundation, to accelerate the commercial deployment of blockchain technology in the energy industry. In 2017, the Japanese utility has also made investments in Electron, a UK-based blockchain vendors specializing in the energy sector.
Centrica, a prominent British multinational utility giant, is set to invest in LO3, in partnership with Braemar Energy. Similar investments have also been made by RWE, a German power company in 2017. LO3 Energy has also received investments from Siemens, a prominent player in the energy sector. The vendors are also closely working with Siemens to develop a blockchain enabled transactive energy platform for environmentally-friendly electricity.
The blockchain technology is currently under testing phase across the United States and the United Kingdom, among others. The technical and costs constraints of the blockchain technology might challenge the technology adoption in the energy sector. The blockchain technology for the peer-to-peer transactions may neither be particularly cost-effective nor can be easily scaled to support massive transaction levels in the long run. The presence of very few use cases that can emphasize on the scalability of the technology and the cost associated is the reason for the blockchain technology not being viewed as a cost-effective solution in the long run.
For peer-to-peer trading, blockchains would need to handle transactions of just a few kilowatts, which may take a minimum time span of 15 minutes. The costs associated with the transaction may be worth just a few cents in traditional methods, considering the amount of trading. The Bitcoin trading fee, for instance, has increased significantly from the last quarter of 2017 to 2018. Currently, a USD 16 fee is being imposed for a USD 25 bitcoin transaction. Such high trading fee of bitcoin and other 1600 cryptocurrencies used across regions for trading makes the blockchain technology expensive, in terms of handling huge transaction levels in the long run of peer-to-peer trading.
Scope of the Report
The energy sector has certain limitations, including high administration and transmission costs mainly, due to the centralized functioning of the sector. As blockchain addresses these issues and decreases the scope for single point failures and increases transparency across the supply chain, the technology is expected to be a noteworthy digital transformation for the sector.
The blockchain technology, which has greatly benefitted the financial sector, finds applications in the energy sector predominantly for wholesale energy trading. However, the increasing number of use cases and efforts from the regional blockchain associations are promoting the adoption of the technology for various other applications like smart contracts and digital identification. Blockchain enables energy transmission companies to track the movement of excess energy thereby managing the supply-demand bottlenecks.
Key Market Trends
Smart Contract is expected to register a Significant Growth
The Smart Contract is the computer-aided program, which encodes the different conditions and possible outcomes and moves the currency or information across the ledger using blockchain technology. Blockchain with the use of smart contracts is anticipated to reduce the number of different administrative processes, which involves the deal of execution.
The smart contract enables consumers to execute and dispatch various commodities automatically, once the trade is booked. By reducing the involvement of multiple intermediaries, Blockchain will decrease the time and costs involved in executing these transactions.
For instance, ING and Société Générale S.A. decided the first oil trade by using a prototype of the Blockchain platform, (Easy Trading Connect). ING also anticipated the usage of Blockchain would help to reduce its involvement in the transaction from 3 hours to 25 minutes, which results in 30% cost savings per transaction.
The rising acceptance of electric vehicles (EVs) and the lack of coordination between consumers and charging stations enabled the adoption of smart contract solution. As, smart contract aid the EV’s to charge or discharge based upon the needs of the electric grid, which enables the vehicles to act as mobile batteries and to help stabilize the grid. Furthermore, the high adoption of smart contract solutions are expected to reduce labour costs, manual and semi-automated processes, capital costs through faster settlements, and technology costs by decreasing dependency on redundant systems.
North America is Expected to Hold Major Share
With blockchain adoption in the energy sector, transactions such as energy trading can be recorded and settled almost instantly, with no need for an intermediary and with little need for reconciliation since all parties are using the same platform. North Americans as early technological adaptors are having significant adoption of blockchain in the energy sector.The region is experiencing an increasing number of investments and partnerships, since the first blockchain in energy transaction took place, in 2016, in Brooklyn, New York. Companies in the region are partnering with other countries or having high investments to develop products related to energy sector using blockchain technology.
For instance, Bovlabs, a startup working to empower clean energy, entered into a partnership with Enchanted Rock, to test blockchain’s ability to bid into wholesale markets, with the ERCOT (Electric Reliability Council of Texas), and is expected to enter as a blockchain-based retailer in energy sector.
In another instance, LO3 Energy entered into a partnership with Energy Web Foundation (EWF), to work on standardizing data for use in EWF’s blockchain, which is designed specifically for the energy industry. As said by the LO3’s CEO, creating a data standard for transacting energy across projects and users, will be vital to meeting blockchain’s potential. Omega Grid software is operating on-site at the Stone Edge Microgrid, to test the blockchain based software’s ability to calculate optimal power flow and locational price, for each asset, on 5-minute intervals, and accept the best bids from the asset to control the load.
Competitive Landscape
The Blockchain Market in the Energy Sector 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 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. The companies operating in the market are also acquiring start-ups working on Blockchain Market in the Energy technologies to strengthen their product capabilities. In July 2018, Microsoft Corporation announced the launch of the Enterprise Blockchain partnership, in Taiwan. The company has entered the partnership with Digital China and Hot Cool, in the hope that the three companies can use blockchain technology to enhance financial, e-commerce, entertainment, and other industries.
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 Emergence Of Variable Electricity Rates And Need For Peer To Peer Trading
4.3.2 Aggressive Spending By Venture Capitalists
4.4 Market Restraints
4.4.1 Scalability Constraints
4.5 Value Chain / Supply Chain Analysis
4.6 Industry Attractiveness Porters Five Force Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Application
5.1.1 Payments
5.1.2 Smart Contracts
5.1.3 Digital Identities
5.1.4 Governance, Risk, and Compliance Management
5.1.5 Other Applications
5.2 Geography
5.2.1 North America
5.2.2 Europe
5.2.3 Asia Pacific
5.2.4 Latin America
5.2.5 Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 SAP SE (SAP)
6.1.2 Microsoft Corp
6.1.3 Accenture PLC
6.1.4 IBM Corporation
6.1.5 LO3 Energy Inc.
6.1.6 GREENEUM
6.1.7 Drift Marketplace Inc.
6.1.8 IOTA Foundation
6.1.9 Btl Group Ltd
6.1.10 Power Ledger Pty Ltd
6.1.11 ImpactPPA
6.1.12 Electron (Chaddenwych Services Limited)
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Application
Payments
Smart Contracts
Digital Identities
Governance, Risk, and Compliance Management
Other Applications
Geography
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Supply Chain Big Data Analytics Market – Growth, Trends, and Forecast (2019 – 2024)
| Information & Communications Technology | Published by: Mordor Intelligence | Market: Global |
| 80 pages | Published: 13-06-2019 |
- Information & Communications Technology
- Mordor Intelligence
- Global
- 80 pages
- Published: 13-06-2019
Market Overview
The Supply Chain Big Data Analytics Market is expected to register a CAGR of over 17.31 % during the forecast period 2019 – 2024. With advancements in information technology, firms are now able to access, store, and process a massive amount of data. Organizations are analyzing data sets and identifying key insights to apply to their operations, making it evident that big data has an important role to play in any industry. From food and beverage distribution to high tech, companies are incorporating analytics.
The widespread use of digital technologies has led to the emergence of big data analytics (BDA) as a critical business capability to provide companies with better opportunities, to obtain value from an increasingly huge amount of data and gain a commanding competitive advantage.
Big data analytics in Logistics & Supply Chain Management (LSCM) has garnered increasing attention due to its complexity and the prominent role of LSCM in enhancing the overall business performance. According to a survey conducted by Accenture in 2014, more than one-third of the respondents reported being engaged in serious conversations to deploy analytics in LSCM, while three out of ten already have taken an initiative to implement analytics.
LSCM faces the most significant challenges that can potentially result in inefficiencies and wastage in supply chains, such as delayed shipments, rising fuel costs, inconsistent suppliers, and ever-increasing customer expectations, among others.
The power of data is becoming evident to businesses of all shapes and sizes, from financial service to automobile manufacturing, healthcare, NGO, and more. It is increasingly becoming essential to make the best use of big data analytics in a supply chain to generate more profound insights. The retail sector streams a massive amount of data across its supply chains, at diverse customer touch points in many omnichannel operations.
According to a survey by Softweb Solutions, retailers who use predictive analytics have achieved a 73% increase in sales compared to those who did not use it. Therefore, retailers are utilizing big data solutions via customer analytics to multiply profitability and outperform competitors by personalizing their in-store offerings and online product.However, there are few stumbling blocks for supply chain management while executing real-time analytics.
Scope of the Report
Supply chain analytics solutions can aid enterprises achieve growth, enhance profitability, and increase market shares by utilizing derived insights for making strategic decisions. These solutions can also offer a holistic view of supply chain and help in enhancing sustainability, reducing inventory cost, and accelerating time-to-market for products in the long run.
Key Market Trends
Retail is expected to register a Significant Growth
The retail industry currently holds the largest share of the global data analytics market, and is expected to present vast opportunities of growth, owing to the growing number of data sources being generated, with the adoption of IoT solutions, beacons, and RFID technologies across the supply chain. According to the Global Shopping Survey 2015, 96% of the retailers are ready to adopt IoT solutions and devices to analyze customer data, track stock levels, and strengthen customer relationships. All these technological improvisations not only enable better tracking of the products across the supply chain, but also help in gaining a clear understanding of customer behavior.
For instance, retailers have also put in a network of RFID readers into the roof space of their sales floors, allowing them to read all of the stock on display and providing more accurate inventory visibility. Augmenting this trend, the American Apparel is leveraging RFID tags and data analytics tools to improve inventory management, while Walmart employed big data analytics itself to enhance its in-store and supply chain management.
However, massive amounts of this useful information are left to rot, resulting in the overall conversion rates of only 2 to 3%. Thus, the big analytics market has been gaining traction in the retail market, to leverage the data, with its ability to understand, analyze, and generate valuable insights.
The United States is Expected to Hold Major Share
The United States is rigorously looking to strengthen its manufacturing industry, by enhancing its productivity by laying emphasis on improving activities across the supply chain, within the industrial sector in the country. The e-commerce industry in the United States is proliferating, owing to which, the requirement for efficient supply chain management is on the rise. According to the US Commerce Department, the e-commerce industry in the country rose by over 40% in 2017. As a result, big data is expected to rise significantly, thereby, having a positive impact on the supply chain analytics in the country.
The e-retailers in the North American retail market are rigorously trying to enhance the customer experience, by incorporating same-day delivery, which can effectively be achieved through effective supply chain management. Notably, according to Auburn University’s Harbert College of Business, in early 2018, the retailers in the United States are expected to foster their investment in the supply chain management, especially in technology upgrade, owing to expansion and rapid growth in the e-commerce industry.
Additionally, startups are trying to venture into the retail space in the region that are raising funds to boost their operational efficiency through big data analytics and other emerging technologies. For instance, A.S. Watson group (ASW) announced a partnership with Rubikloud, a Toronto-based startup, primarily to invest in developing big data capabilities. The former company invested about USD 70 million to enhance the operational efficiency and customer experience through the integration of visualization and machine learning capabilities. As a result, it is projected to propel the supply chain big data analytics market growth in the country.
Competitive Landscape
The Supply Chain Big Data Analytics 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 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. The companies operating in the market are also acquiring start-ups working on Supply Chain Big Data Analytics technologies to strengthen their product capabilities. In July 2018, Deloitte and SAS entered into an agreement to address the complex risk and regulatory calculations at scale, and turn compliance into an opportunity.
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 Increasing Need Of Business Data To Improve Efficiency
4.4 Market Restraints
4.4.1 Operational Complexity Coupled With High Maintenance Costs
4.4.2 Increasing Concerns About Security Regarding Big Data Analytics
4.5 Value Chain / Supply Chain Analysis
4.6 Industry Attractiveness Porters Five Force Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 By Solution
5.1.1.1 Supply Chain Procurement and Planning Tool
5.1.1.2 Sales and Operations Planning
5.1.1.3 Manufacturing Analytics
5.1.1.4 Transportation and Logistics Analytics
5.1.1.5 Other Solutions (Inventory Planning and Optimization Analytics and Scheduling and Reporting Tools)
5.1.2 By Service
5.1.2.1 Professional Services
5.1.2.2 Support and Maintenance Services
5.2 By Deployment
5.2.1 On-premise
5.2.2 Cloud
5.3 By End-user Industry
5.3.1 Retail
5.3.2 Transportation and Logistics
5.3.3 Manufacturing
5.3.4 Healthcare
5.3.5 Other End-user Industries
5.4 Geography
5.4.1 North America
5.4.2 Europe
5.4.3 Asia Pacific
5.4.4 Latin America
5.4.5 Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 SAP SE (SAP)
6.1.2 IBM Corporation
6.1.3 Oracle Corporation
6.1.4 MicroStrategy Incorporated
6.1.5 Genpact Limited
6.1.6 SAS Institute Inc.
6.1.7 Sage Clarity Systems
6.1.8 Tableau
6.1.9 Birst Inc.
6.1.10 Capgemini Group
6.1.11 Kinaxis Inc.
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Type
By Solution
Supply Chain Procurement and Planning Tool
Sales and Operations Planning
Manufacturing Analytics
Transportation and Logistics Analytics
Other Solutions (Inventory Planning and Optimization Analytics and Scheduling and Reporting Tools)
By Service
Professional Services
Support and Maintenance Services
By Deployment
On-premise
Cloud
By End-user Industry
Retail
Transportation and Logistics
Manufacturing
Healthcare
Other End-user Industries
Geography
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Telecom Towers Market – Growth, Trends and Forecast (2019 – 2024)
| Information & Communications Technology | Published by: Mordor Intelligence | Market: Global |
| 100 pages | Published: 13-06-2019 |
- Information & Communications Technology
- Mordor Intelligence
- Global
- 100 pages
- Published: 13-06-2019
Market Overview
The Telecom Tower Market is expected to register a CAGR of over 4.56% during the forecast period 2019 – 2024. The leasing concept has enabled the MNOs to invest heavily in developing their infrastructure and reach across rural regions, thus bringing new revenues to the tower operators, through tower installations. Tower-sharing is one of the major growth drivers for the telecom industry, as it provides benefits like cost reduction and faster data rollout. The telecom tower industry has gained high prominence as an independent industry, mainly in India and the United States.
Over the years, millions of dollars have been spent on improving broadband connectivity to the rural areas. The annual data usage via wireless networks has been increasing rapidly, promoting the smartphone penetration considerably. In 2015, the US Department of Agriculture invested around USD 85 million for improving the internet connectivity in the rural areas of the country. However, government initiatives are not the only factors responsible for promoting internet connectivity in the rural areas.
The broadband adoption can help improve the economy in rural areas by increasing income, creating jobs, and by lowering unemployment rates. However technology keeps improving, enabling existing wiring to carry more and more data. Alternative techniques are being used to promote broadband in rural areas. For instance, broadband via mobile phone technology or via satellite. Though via satellite is an expensive alternative, it stands as one of the dependable sources of broadband for people staying in rural areas.
Despite regular investments from the governments, many rural areas around the world lack access to high-speed internet services. With the introduction of next-generation technologies, such as the Internet of Things, and advanced connectivity spectrums, like 5G, the global telecom tower market is expected to have an increase in demand over the next few years.
The environmental impacts of telecom towers have always been a major concern. Radiation from mobile towers has always been an issue, which is recognized as an unseen and subtle pollutant that may be affecting life forms in multiple ways.
Installation across a few regions has been stopped, considering the local public’s fear of the environmental damage that the presence of the mobile towers may cause in the neighborhood. For instance, the residents of Clear Lake Riviera, California, have cited fire danger as their primary concern toward the installation of a telecom tower. Telecom operators like Verizon and AT&T are finding a need for the tower in the region, however, the concerns of the public has been delaying the process. The tower is ready for set up by December 2018, after the feasibility tests conducted by Horizon Tower, a prominent telecom infrastructure provider. Although in the above cited instance, installation got a nod, the impact of the environmental concerns cited by the public in the setting up of the towers has been evident.
Scope of the Report
The increasing data usage by consumers has led to a competitive telecom landscape across regions. With tower sharing becoming increasingly popular among the MNOs, the tower operators have been able to reach operational efficiencies. Independent tower companies owned around 70% of the total 4.10 million towers around the world (as of 2017). China has the highest number of telecom towers in the world, owned by the state-run China Tower Corporation. They have around 1,968,000 towers and it was estimated that they are leasing over 550,000 towers.
Key Market Trends
Lattice Tower is expected to register a Significant Growth
Lattice telecom towers are mostly three-legged towers, with tubular leg elements and tubular bracing members. They are used explicitly in case of heavy loads, which makes them suitable for central communication hubs and MW backbone sites in hurricane zones.The primary purpose of setting up a lattice telecom tower in a telecom network is to support more than one antenna for communication purposes. These towers also support the load of supporting apparatus used in communication networks.
Lattice telecom towers find their primary applications in radars, video surveillance equipment, and GSM/CDMA equipment. They can be used as electricity transmission towers, radio towers, or as an observation tower.
The weight of the lattice tower is spread over a greater area, which reduces the pressure on the foundation and the ground. The modules of a lattice telecom tower can be assembled easily and does not require heavy equipment and cranes, which further optimizes the cost spending of vendors.The truss action and larger base dimensions of this infrastructure help resist the applied loads more effectively, leading to a lighter structural design. Also, wind loads are reduced due to the lattice topology.
North America is Expected to Hold Major Share
The North American region has been witnessing a significant shift, with the majority of towers being increasingly transferred from MNOs to independent tower companies. Owing to supporting initiatives by the governments, the region is expected to continually strengthen its position in the global market. For instance, the US Department of State’s Global Connect Initiative (GCI) aims to bring an additional 1.5 billion people online by 2020, thus creating a demand for more connectivity and network infrastructure.
Moreover, aggregate annual wireless capital expenditure in the United States was valued at USD 30 billion, which is expected to augment the market’s growth. In 2017, the number of mobile phone users in the United States is expected to reach about 266 million, with mobile internet penetration of about 237.2 million. Mobile internet penetration is expected to cross 275 million by 2023. Increasing wireless data usage continues to compel wireless service providers to improve their networks’ quality, and make incremental investments on the coverage and capacity of their networks.
Subscriber adoption of advanced wireless data applications, particularly mobile video, advanced devices, and densification of advanced networks by wireless service providers, to satisfy the growing demand for high-bandwidth wireless data, are driving the increased deployment of towers in the region.
Competitive Landscape
The Telecom Tower 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 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. The companies operating in the market are also acquiring start-ups working on Telecom Tower Market to strengthen their product capabilities. In April 2018, Crown Castle International Corp. announced that its subsidiary, CCR S.r.l., agreed to purchase a 49% interest in RaiWay S.p.A, a subsidiary of RAI (Radiotelevisione Italiana) S.p.A., the Italian state-owned television and radio broadcaster, for approximately USD 380 million. RaiWay employs over 750 people and manages over 2,300 broadcast transmission sites across Italy, representing Italy’s largest broadcast tower network.
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 Connecting/Improving Connectivity To Rural Areas
4.3.2 Providing Wider Coverage And Catering To Increasing Data Needs
4.4 Market Restraints
4.4.1 Environmental Concerns About Power Supply Systems To Towers
4.4.2 Tower-sharing Between Telecom Companies
4.5 Value Chain / Supply Chain Analysis
4.6 Industry Attractiveness Porters Five Force Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Fuel Type
5.1.1 Renewable
5.1.2 Non-Renewable
5.2 By Type of Tower
5.2.1 Lattice Tower
5.2.2 Guyed Towers
5.2.3 Monopole Towers
5.2.4 Stealth Towers
5.3 By Installation
5.3.1 Rooftop
5.3.2 Ground Based
5.4 By Ownership
5.4.1 Operator Owned
5.4.2 Joint Venture
5.4.3 Private Owned
5.4.4 MNO Captive
5.5 Geography
5.5.1 North America
5.5.2 Europe
5.5.3 Asia Pacific
5.5.4 Latin America
5.5.5 Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Bharti Infratel Limited
6.1.2 Helios Towers Africa
6.1.3 American Tower Corporation
6.1.4 SBA Communications Corporation
6.1.5 AT&T Inc.
6.1.6 GTL Infrastructure Ltd
6.1.7 T-Mobile Towers
6.1.8 Crown Castle International Corporation
6.1.9 China Tower Corporation
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Fuel Type
Renewable
Non-Renewable
By Type of Tower
Lattice Tower
Guyed Towers
Monopole Towers
Stealth Towers
By Installation
Rooftop
Ground Based
By Ownership
Operator Owned
Joint Venture
Private Owned
MNO Captive
Geography
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
HVAC Services Market – Growth, Trends, and Forecast (2019 – 2024)
| Information & Communications Technology | Published by: Mordor Intelligence | Market: Global |
| 100 pages | Published: 13-06-2019 |
- Information & Communications Technology
- Mordor Intelligence
- Global
- 100 pages
- Published: 13-06-2019
Market Overview
The HVAC Services Market is expected to register a CAGR of over 6.1% during the forecast period 2019 – 2024. Growing construction business in major emerging economies and the growing end-user markets, like data center market, etc., are major factors driving the growth of the HVAC services market, over the forecast period. Since the service firms rely extensively on labor for their operations, the existing demand and supply gap in the labor/HVAC technicians clubbed with high-cost technicians is expected to restrain the growth of the market.
Construction activity has a positive impact on not only the HVAC equipment market, but also the service market. With increased construction activity in emerging economies, the investments on infrastructure are on the rise, in order to cater to the increasing standard of living. The Asia-Pacific region tops world growth, with an expected 6.3% increase in GDP, in 2018, according to the World Bank. China, in particular, shows strong development, leading the region in terms of growth, innovation, and major investments. Moreover, both the International Monetary Fund and the World Bank predict that strong economic growth will continue in the region, until at least 2020, which will positively impact the construction sector, as the region is witnessing major investments in construction projects.
Thus, the installation and maintenance segment of the HVAC service market, is expected to benefit, due the increasing sales of HVAC equipment, through new construction projects. With regards to constructional developments globally, according to a report by Oxford Economies, construction output is forecasted to expand by 85%, to USD 15.5 trillion worldwide, in 2030, with regions like United States., China, and India accounting for 57% of the market growth.
Thus, the installation and maintenance segment of the HVAC service market, is expected to benefit, due the increasing sales of HVAC equipment, through new construction projects. With regards to constructional developments globally, according to a report by Oxford Economies, construction output is forecasted to expand by 85%, to USD 15.5 trillion worldwide, in 2030, with regions like United States., China, and India accounting for 57% of the market growth.
The Scope of the Report
The HVAC (heating, ventilation and air conditioning) services market includes the different services provided to the end users by the OEMs and other regional players. The services primarily include installation and system integration, maintenance, and repair, etc. The end users include building contractors and owners (non-residential), home owners, retail stores, food services companies, pharmaceutical, and healthcare companies, among others. The HVAC service market has a direct correlation with the HVAC equipment market. Any changes in demand for the equipment will impact the service market positively as higher demand for new equipment leads to higher installation or retrofitting services.
Key Market Trends
Residential Segment is expected to register a Significant Growth
The demand for HVAC services in the residential sector, is primarily from Asia-Pacific, owing to the growing population, across the region, thereby leading to new installations. The demand in developed regions, like North America and Europe, is mainly from the maintenance and replacement services.
In the wake of the global financial crisis and housing market collapse, an overhang of housing in many mature economies, led to a breakdown in prices of existing homes, and stifled new residential construction spending.
Direct real estate investment, and increasing wealth and prosperity in regions such as APAC, Latin America, and the Middle East, are driven by economic growth. The increasing migration to existent and newly emerging cities, in these regions, is accelerating the demand for new homes.
The robust construction of residential buildings, by the private sector, coupled with the government initiatives, to bridge emerging countries’ housing shortages, are also acting as significant factors, for the growth of the studied market.For instance, in the Philippines, the government estimated that the country’s residential sector growth could come in at an annual average of 10.3%, in real terms, from 2018-2026.
According to data from the Housing and Urban Development Coordinating Council, the country’s social housing backlog is now at 5.6 million units. There were over 30,000 residential construction permits, issued by the end of the second quarter of 2017, 24% higher than in 2016.Recently, in 2018, rising rents across Toronto led to record-breaking sales, for multi-residential apartment buildings. The sales reached USD 1.2 billion, in the third quarter of 2018.
The United States is Expected to Hold Major Share
Growing government support, in the form of higher budget allocations, designed to increase home ownership and sustainable community development, and the increasing affordability of housing, may contribute to the ever growing residential construction sector.In 2017, the US government allocated a budget of USD 46.7 billion (an increase of 1.9% over the previous year), to support residential construction. The increasing population in the country may also contribute to the rising housing demand. The boom in the construction sector is likely to contribute to the expanding of the market for HVAC and HVAC services.
The US Department of Energy (DOE) has released new efficiency standards, for commercial HVAC units, in which carbon emissions must be reduced, by up to 60 million metric tons, by 2030. According to these standards, specialized units should be manufactured, being able to provide energy-efficiency, and sustainable heating and cooling solutions.
Increased construction activities, rapid urbanization, infrastructural reforms, and HVAC unit replacements, are some of the major factors supporting the growth of HVAC services market in the country.The DOE has invested almost USD 8 million, to replace old refrigerants, with energy efficient alternatives, which can minimize environmental threats posed by rooftop HVAC units.
Competitive Landscape
The HVAC Services 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 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. The companies operating in the market are also acquiring start-ups working on HVAC Services technologies to strengthen their product capabilities. In March 2018, Honeywell launched Amazon Alexa voice-ready thermostat for hotels. Honeywell’s INNCOM e7 Thermostat (e7) is the first enterprise grade environmental control and energy management solution that incorporates Amazon Alexa voice control for an effortless guest experience that includes room temperature, lighting, drapery, and amenities services.
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 Growing Construction Business In Major Emerging Economies
4.3.2 Growing Data Center Market
4.4 Market Restraints
4.4.1 Labor Shortage/ High Costs Of Skilled Labor
4.5 Value Chain / Supply Chain Analysis
4.6 Industry Attractiveness Porters Five Force Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Services
5.1.1 Maintenance and Repair
5.1.2 Installation
5.2 By Implementation Type
5.2.1 New Construction
5.2.2 Retrofit Buildings
5.3 By End User
5.3.1 Residential
5.3.2 Commercial
5.3.3 Industrial
5.4 Geography
5.4.1 North America
5.4.1.1 US
5.4.1.2 Canada
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 UK
5.4.2.3 France
5.4.2.4 Rest of Europe
5.4.3 Asia Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Rest of Asia-Pacific
5.4.4 Latin America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Mexico
5.4.4.4 Rest of Latin America
5.4.5 Middle East and Africa
5.4.5.1 UAE
5.4.5.2 Saudi Arabia
5.4.5.3 South Africa
5.4.5.4 Rest of Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Panasonic Corporation
6.1.2 Honeywell International Inc
6.1.3 LG Electronics
6.1.4 Siemens AG
6.1.5 Electrolux Ab
6.1.6 Ingersoll-Rand PLC
6.1.7 Carrier Corporation
6.1.8 Johnson Controls Inc
6.1.9 Daikin Industries Ltd
6.1.10 Nortek Global HVAC
6.1.11 Lennox International, Inc.
6.1.12 Fuijitsu General Ltd
6.1.13 Robert Bosch GmbH
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Services
Maintenance and Repair
Installation
By Implementation Type
New Construction
Retrofit Buildings
By End User
Residential
Commercial
Industrial
Geography
North America
US
Canada
Europe
Germany
UK
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia-Pacific
Latin America
Brazil
Argentina
Mexico
Rest of Latin America
Middle East and Africa
UAE
Saudi Arabia
South Africa
Rest of Middle East and Africa
Cloud Collaboration Market – Growth, Trends, and Forecasts (2019 – 2024)
| Information & Communications Technology | Published by: Mordor Intelligence | Market: Global |
| 100 pages | Published: 13-06-2019 |
- Information & Communications Technology
- Mordor Intelligence
- Global
- 100 pages
- Published: 13-06-2019
Market Overview
The Cloud Collaboration market was valued at USD 26.11 billion in 2018 and is expected to register a CAGR of 13.43%, over the forecast period (2019-2024).
Employees across organizations use cloud-based collaboration platform to share and work together on projects at once. Cloud collaboration enables to achieve high productivity with access to real-time data. Cloud collaboration offers high agility to companies and enables easy data sharing among remote and virtual users. With changing business requirements, companies are now looking for services, which offer easy access and increased productivity thereby supporting the growing need for agile support.
With increasing automation trends along with the changing mobility, it has become increasingly important for industries to look for solutions that can offer services thereby reducing the overall infrastructure costs.
Moreover, businesses adopting mobile services and implementing new policies to increase the employee interaction and ease of use, has become important to provide accessibility to data across multiple end-point devices.
These services allow the client and employees to access files and data who are working on offsite locations, which makes operations much more accessible. It also lets users with BYOD (Bring your own device) to take full advantage of accessing the data over the cloud.
Scope of the Report
Cloud collaboration is a type of enterprise collaboration that allows employees to work together on documents and other data types, which are stored off-premises and outside of the company firewall. Employees use a cloud-based collaboration platform to share, edit and work together on projects. Cloud collaboration enables two or more people to work on a project at once.
Key Market Trends
Demand for Enterprise Social Collaboration is on the Rise
In recent years, enterprise social collaboration(ESC) solutions have been able to connect people around the world effectively. Social applications have been limited by technology and might work fine for one department but not for another. With the advent of the cloud, the integration of social collaboration solutions is easier than ever.
The demand for enterprise social collaboration is on the rise and with good reason. With the millennials becoming an increasingly larger part of the workforce, CIOs will be forced to face enterprise social collaboration (ESC) in the future. Intelligent CIOs-who are ahead of the trend have already embraced it, leading to staggering results.
When properly integrated, ESC solutions empower both employees and employer. It can instill the intimacy and fun of social media into work-related communications, and lead to accomplishing tasks in new and more efficient ways. Trusted partners and valued customers can also be integrated directly into the network to everyone’s mutual advantage.
Cloud Collaboration in North America is Driven by the Adoption of Cloud Computing
Cloud collaboration in the region is mainly driven by businesses that are adopting cloud computing to increase capacity and productivity. Companies in the region are moving beyond the public cloud and stepping into a new era of hybrid IT that combines public cloud, private cloud, and traditional IT. These organizations have implemented a hybrid cloud strategy as it is helping them to improve the way they run their business and deliver services to customers.
As per the RightScale’s State of the Cloud Report 2018, over 80% of the North American and European companies are using a complex deployment model in the cloud, i.e., 51% of the hybrid and 21% implementing a multi-cloud strategy, with an average of five cloud providers. This has further stimulated the cloud collaboration demand. With automation trends prominent in the region, it has become increasingly important for industries to look for solutions that can offer services to reduce infrastructure costs.
Also, the increased electronic device penetration has resulted in the high adoption of BYOD, which has forced companies to adopt cloud collaboration to address employee needs. Furthermore, the presence of prominent startups with an aggressive BYOD policy and freedom for employees has augmented the growth of the cloud collaboration market.
Competitive Landscape
The Cloud Collaboration 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. These companies are leveraging on strategic collaborative initiatives to increase their market share and increase their profitability. The companies operating in the market are also acquiring start-ups working on cloud collaboration technologies to strengthen their product capabilities. In Feb 2018, Cisco completed its acquisition of BroadSoft, which would accelerate Cisco’s cloud strategy and collaboration portfolio by adding the industry’s leading cloud calling and contact center solutions to Cisco’s leading calling, meetings, messaging, customer care, hardware endpoints, and services portfolio.
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
2.1 Research Phases
2.2 Analysis Methodologies
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness Porters Five Force Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Buyers/Consumers
4.2.3 Bargaining Power of Suppliers
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Technology Snapshot
5 MARKET DYNAMICS
5.1 Introduction to Market Drivers and Restraints
5.2 Market Drivers
5.2.1 Increased Mobility and Changing Working Trends, Such as BYOD
5.2.2 Rising Need for Workforce Productivity and Enterprise Agility across Time Zones
5.3 Market Restraints
5.3.1 Data Security Concerns And Application Integration Complexities
6 MARKET SEGMENTATION
6.1 By Solution
6.1.1 Unified Communication and Collaboration
6.1.2 Enterprise Social Collaboration
6.1.3 Project and Team Management
6.1.4 Document Management System
6.1.5 Support Services
6.2 By Deployment Type
6.2.1 Public Cloud
6.2.2 Private Cloud
6.2.3 Hybrid Cloud
6.3 By End-user Industry
6.3.1 Telecommunication and ITES
6.3.2 Media and Entertainment
6.3.3 Education
6.3.4 Healthcare and Life Sciences
6.3.5 Banking and Financial System
6.3.6 Government and Public Sectors
6.3.7 Other End-user Industries
6.4 Geography
6.4.1 North America
6.4.2 Europe
6.4.3 Asia-Pacific
6.4.4 South America
6.4.5 Middle East and Africa
7 COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Microsoft Corporation
7.1.2 Cisco Systems Inc
7.1.3 Oracle Corporation
7.1.4 HighQ Solutions
7.1.5 IBM Corporation
7.1.6 Box Inc.
7.1.7 Citrix Systems Inc.
7.1.8 Jive Software Inc
7.1.9 Mitel Networks Corp
7.1.10 Intralinks Holdings Inc.
7.1.11 Salesforce.com Inc.
7.1.12 Hyperoffice
7.1.13 Atlassian Corporation PLC
7.1.14 Adobe Systems
7.1.15 Zoho Corporation
8 INVESTMENT ANALYSIS
9 MARKET OPPORTUNITIES AND FUTURE TRENDS
MARKET SEGMENTATION
By Solution
Unified Communication and Collaboration
Enterprise Social Collaboration
Project and Team Management
Document Management System
Support Services
By Deployment Type
Public Cloud
Private Cloud
Hybrid Cloud
By End-user Industry
Telecommunication and ITES
Media and Entertainment
Education
Healthcare and Life Sciences
Banking and Financial System
Government and Public Sectors
Other End-user Industries
Geography
North America
Europe
Asia-Pacific
South America
Middle East and Africa