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Showing posts from December, 2014

Global Market for Tires is Projected to Reach 2.5 Billion Units by 2020

Projected Rise in Automotive Production and Launch of New Tire Models Drive the Global Tires Market, According to New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Tires markets. Global market for Tires is projected to reach 2.5 billion units by 2020, driven by projected rise in automotive production in developing markets and introduction of advanced tire models.
Global market for tires is heavily dependent on the automotive industry, which in turn is a barometer of general economic health in a country. While automobile production trends influence demand patterns in the OEM tire market sector, vehicle population, replacement cycles, and emergence of disruptive technologies influence demand patterns in the replacement tire sector. GDP growth, employment levels, consumer discretionary spends, and average vehicle operating life influence demand in the passenger car tires market. Expansion of commercial vehicle fleets and overall heal…

Global Market for 3D Printing is Projected to Reach US$9.6 Billion by 2020

Expanding Applications and Technology Advancements Drives the Global 3D Printing Market, According to New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on 3D Printing markets. Global market for 3D Printing is projected to reach US$9.6 billion by 2020, driven by ever expanding potential application areas, innovative printing techniques, and declining cost of systems & consumables.
3D printing is a transformative technology used in the manufacture of a wide range of tools, parts, and appliances through the simple use of a digital model. Creating prototypes of new products represents the major commercial application of 3D printing, while direct digital manufacturing using the technique is limited to short production runs in few industry verticals. Market outlook in the 3D printing market is bullish with technology advances expected to drive market growth. Expanding application areas and funding support from government agencies are a…

Global Market for Wheelchairs (Powered and Manual) is Forecast to Reach 10.6 Million Units by 2020

Mobility Needs of a Rapidly Aging Population Drives the Global Wheelchairs Market, According to New Report by Global Industry Analysts, Inc. GIA announces the release of a comprehensive global report on Wheelchairs (Powered and Manual) markets. Global market for Wheelchairs (Powered and Manual) is forecast to reach 10.6 million units by 2020, driven by aging population, improving mobility and quality of life needs of disabled individuals, and the steadily growing homecare and bariatric care markets in developed countries.
The market for wheelchairs (manual and power) is primarily driven by the rising incidences of disability and the fast-expanding elderly populace across the globe. Studies reveal that around 1.0 billion individuals across the world suffer with some form of disability. The World Health Organization (WHO) estimates that on an average, every individual suffers disability for some period during their lifetime. The US alone is estimated to be home to approximately 36 millio…

Global Market for Industrial Thermal Insulation is Projected to Reach US$5.6 Billion by 2020

Innovation & Technology Improvements in Thermal Performance Drives the Industrial Thermal Insulation Market, According to New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Industrial Thermal Insulation markets. Global market for Industrial Thermal Insulation is projected to reach US$5.6 billion by 2020, driven by improvements in thermal performance, stringent energy efficiency norms, and strong focus on energy savings.
Thermal insulation in industrial plants is designed to obstruct the flow of heat energy and limit heat loss. Insulation capacities typically utilized in this sector range between -73.3ºC (-100ºF) and 815.6ºC (1500ºF). In addition, thermal insulation also offers fire protection and acoustic insulation benefits. All industrial plants generate heat by burning fossil fuels required for carrying out various industrial activities. Focus is therefore being shed on wasteful dissipation of this heat, especially so agains…

Global Market for Seamless Pipes & Tubes is Projected to Reach 70.5 Million Tons by 2020

Surging Demand from the Energy Sector Drives the Global Seamless Pipes and Tubes Market, According to New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Seamless Pipes and Tubes markets. Global market for Seamless Pipes and Tubes is projected to reach 70.5 million tons by 2020, primarily driven by increasing oil & gas exploration and production activity as well as growing demand for premium pipes.
Demand for seamless pipes and tubes is primarily linked to the dynamics of the energy sector and closely follows the trend in oil and gas rigs count. Given the high strength and corrosion resistant features of seamless pipes, these products also find use in chemical and other types of processing industries, steam boilers, pipelines, and applications requiring high pressure and steam conditions. Over the years, explosive growth in oil exploration and production operations has ensured strong demand for oil country tubular goods (OCTG) p…

Global Market for Lactose is Projected to Reach 1.3 Million Metric Tons by 2020

Growing Demand from the Food and Pharmaceutical Industries Drives the Global Lactose Market, According to New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Lactose markets. Global market for Lactose is projected to reach 1.3 million metric tons by 2020, driven by expanding application areas and growing consumption in food and pharmaceutical industries.
A key by-product of the dairy industry, lactose is defined as disaccharide sugar derived from milk. Global market for lactose is witnessing steady growth driven by rising demand from the food and pharmaceutical end-use industries. Rising standards of living, easier access to healthcare services and the rapidly aging world population are few of the other important factors driving growth in the consumption of lactose. As a critical ingredient emulating the natural composition of human milk, demand for lactose is also benefiting from the healthy growth in sales of infant formula. Cond…

Global Market for Mechanical Ventilators is Projected to Reach US$4.2 Billion by 2020

Rising Popularity of Non-Invasive Ventilators Drives the Global Mechanical Ventilators Market, According to New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Mechanical Ventilators market. Global market for Mechanical Ventilators is projected to reach US$4.2 billion by 2020, driven by aging population, increasing prevalence of respiratory disorders, rising popularity of portable and non-invasive ventilators, and technological advancements.
Mechanical ventilation primarily refers to mechanical breathing provided to patients who are unable to do so naturally owing to certain medical conditions. Against the backdrop of rising incidence of COPD, the need for ventilation to help patients gain relief from acute exacerbations in respiratory failure is also increasing. This in turn translates to significant demand for ventilators worldwide. Technological advancements over the years have resulted in significant innovations at the product f…

Global Market for Prepaid Cards is Projected to Reach US$2.4 Trillion by 2020

Card Diversity and Novel Prepaid Card Applications Spur Growth in the Prepaid Cards Market, According to New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Prepaid Cards markets. Global market for Prepaid Cards is projected to reach US$2.4 trillion by 2020, driven by introduction of innovative new prepaid card solutions, rising demand from unbanked consumers and expansion into other application markets.
Prepaid cards are plastic payment cards that are preloaded with money and can be used to make in-store or online purchases.  Prepaid cards are gradually evolving into a mainstream market driven by widening acceptance. These cards act as portable checking account, but entail lesser risk when compared to loans and credit cards. The market is expected to witness growth supported by a host of factors such as rise in the number of consumers preferring payment cards over traditional banking, entry of new brands, and pull back of free chec…

Global Market for Printing Inks is Projected to Reach US$21 Billion by 2020

Rising Demand for Eco-Friendly Inks Drives the Global Printing Inks Market, According to New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Printing Inks markets. Global market for Printing Inks is projected to reach US$21 billion by 2020, driven by technology developments, increasing application in the packaging industry, and growing demand for eco-friendly inks.
Printing inks comprising lithographic, flexographic, gravure, digital and others is a cyclical industry with demand patterns dependent on macro climate and GDP growth. High raw material prices were witnessed in the recent past triggered by shortages in supply. Additionally, higher costs and stringent environmental mandates are few of the other supply concerns presently faced by the market. On the demand side, declining demand from the publishing industry is being mitigated by stable and growing demand from the packaging industry. Revival in economic growth, increasing ad…

Global Market for Distribution Transformers is Forecast to Reach US$18.9 Billion by 2020

Robust Electric Power Production Drives the Global Distribution Transformers Market, According to New Report by Global Industry Analysts, Inc. GIA announces the release of a comprehensive global report on Distribution Transformers markets. Global market for Distribution Transformers is forecast to reach US$18.9 billion by 2020, driven by spiraling energy consumption and equally robust electric power production.
Electricity consumption over the last few decades soared exponentially with dramatic rise in global population. All forms of economic activity, such as industry, agriculture, or services are dependent on uninterrupted power supply. Aided by factors such as rising urbanization, advancements in energy hogging technologies and growth in commercial industries, consumption of energy is set to further increase in the coming years. The resulting demand for equipment for generation, transmission and distribution of electricity is expected to escalate, translating into significant opport…

Global Market for Machine Condition Monitoring Equipment is Projected to Reach US$2.61 Billion by 2020

Increasing Focus on Optimum Asset Utilization Drives Demand for Machine Condition Monitoring Equipment, According to New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Machine Condition Monitoring Equipment markets. Global market for Machine Condition Monitoring Equipment is projected to reach US$2.61 billion by 2020, driven by the growing focus on optimum asset utilization and adoption of predictive maintenance to reduce machine repairs, and optimize operational efficiency.
 For companies to survive in the modern competitive world, implementation of right strategies for ensuring efficient management of day to day operations remains critical. Given that timely delivery of products and services is a key competitive variable dictating success or failure of a company, the importance of uninterrupted, efficient, and clutter-free production operations comes to fore. As a key strategy that helps organizations improve their operational ef…

Global Market for Industrial X-Ray Inspection Systems is Projected to Exceed US$652 Million by 2020

Technology Advancements Drives the Global Industrial X-Ray Inspection Systems Market, According to New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Industrial X-Ray Inspection Systems markets. Global market for Industrial X-Ray Inspection Systems is projected to exceed US$652 million by2020, driven by tightening product quality standards, growing applications, technology advancements, and software upgrades.
Primarily known for their non-intrusive approach to screening, X-ray inspection systems are fast emerging as one of the most important tools in testing applications. With their ability to detect contaminants, defects and inconsistencies in products, X-ray systems are witnessing wide usage across various industries for quality control purposes. Growth in the market is being driven by increasing applications of X-ray systems from R&D to production line testing across various manufacturing sectors including food and pharmaceu…

Global Market for Air Traffic Control (ATC) Equipment is Projected to Reach US$5.5 Billion by the Year 2020

Technological Advancements and Airport Modernization Drive the Air Traffic Control (ATC) Equipment Market, According to New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on the Air Traffic Control (ATC) Equipment markets. Global market for Air Traffic Control (ATC) Equipment is projected to reach US$5.5 billion by the year 2020, primarily driven by technological advancements, new airport infrastructure establishments, and modernization initiatives.
Air Traffic Control has over the years evolved into an integral part of air traffic control programs in the aviation industry. Inching its way upwards, air traffic control has treaded a long path, playing a major role in flight safety and security. Given that the management and safety of aircrafts is crucial, Air Traffic Control (ATC) equipment has emerged as the best way to control flow of air traffic, air passengers, freight traffic, and for better coordination among flights. Defined as…

Global Swimwear & Beachwear Market is Projected to Reach US$20 Billion by 2020

Rising Popularity of Beach Culture and Water Sports Drives the Global Swimwear and Beachwear Market, According to a New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Swimwear and Beachwear market. Global swimwear and beachwear market is projected to reach US$20 billion by 2020, driven by rising popularity of beach culture and water sports and launch of innovative products such as UV protection swimsuits and thermal swimwear.
The global swimwear and beachwear market is witnessing steady growth, driven by growing health consciousness, rising popularity of beach culture and water sports, increasing emphasis on active and healthy lifestyles, and continued innovations in swimsuit design and technology. Other factors driving demand in the market include growth of the beauty and spa industry, increasing life expectancy and the consequent increase in interest among the aged towards staying fit. Aging-but-active population in the US, Japan…

Global Sterilization Equipment & Supplies Market is Forecast to Reach US$6.0 Billion by 2020

Rise in Number of Surgeries Drive Demand for Sterilization Equipment and Supplies, According to a New Report by Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on Sterilization Equipment and Supplies markets. Global Sterilization Equipment and Supplies market is forecast to reach $6.0 billion by 2020, driven by the aging population, growing number of surgeries worldwide and growing concerns over the spread of infections.  
Increased emphasis on maintaining hygiene and cleanliness across medical and non-medical industries is helping drive growth in the sterilization equipment and supplies market. Sterilization equipment represents one of the most critical devices in a medical facility as a result of the increasing number of minimally invasive procedures worldwide. Stringent regulatory initiatives taken up by governments across the world to equip hospitals with essential sterilization standards is another major factor propelling hospital administ…