Sunday, 3 February 2019

IT Asset Disposition Market (ITAD) worth 20.09 Billion USD by 2022


The report "IT Asset Disposition (ITAD) Market by Service (De-Manufacturing and Recycling, Remarketing and Value Recovery, Data Destruction/Data Sanitization, Reverse Logistics), Asset Type, Organization Size, End-User, & Geography - Global Forecast to 2022", was valued at USD 10.12 Billion in 2015 and is expected to reach USD 20.09 Billion by 2022, at a CAGR of 9.83% during the forecast period.

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The evolution of technologies such as cloud computing, Big Data analytics, Internet of Things (IoT), and the changing IT landscape have contributed to the increase in e-waste generation. Thus, IT asset disposition is being adopted by many companies to minimize the environmental impact as well as risk of data loss by following regulatory standards and environmental policies.

Browse 78 market data tables and 57 figures spread through 157 pages and in-depth TOC on “IT Asset Disposition (ITAD) Market - Global Forecast to 2022”
https://www.marketsandmarkets.com/Market-Reports/it-asset-disposition-market-28474391.html

“Remarketing and value recovery service expected to hold the largest market size during the forecast period”

IT asset remarketing service is a revenue-sharing program that is designed to obtain maximum returns. The services help the service providers to determine the asset recovery strategy that is most closely aligned to the clients’ business objectives. The industry is now realizing the risks associated with improper IT asset disposal, which is leading to the growing trend of the sale of old equipment on auction websites or to employees.

“Small office/home office (SOHO) and medium enterprises industry is expected to grow at a high rate”

Small-scale industries often do not use authorized IT asset disposition processes due to budget constraints, lack of awareness or technical expertise, or lack of stringent regulations. This results in the disposal of assets into landfills in an improper way, which can severely impact the environment. This trend is expected to change in the near future as ITAD starts developing and marketing its services to the small business sector and the industry also comes to better realize the risks.

“The market in APAC is expected to grow at the highest rate during the forecast period”

Several initiatives such as investments for expansions and various other developments in the APAC region are providing several growth opportunities for ITAD market players operating in the region. For instance, in April, 2015 Arrow electronics Inc. (U.S.) opened its first facility in Singapore to provide services for IT asset disposition and reverse logistics in Asia-Pacific. The facility has been designed to comply with the stringent standards of the Arrow Global Compliance Program as well as the local, national, and international standards for data security and environmental regulations, including the Responsible Recycling Practices (R2), OHSAS 18001, and International Standards Organization 9001 and 14001.


Major players operating in the IT asset disposition market include Arrow Electronics, Inc. (U.S.), Sims Recycling Solutions (Australia), TBS Industries (U.S.), CloudBlue Technology, Inc. (U.S.), TES-AMM (Singapore) Pte Ltd, (Singapore), Dell (U.S.), LifeSpan International, Inc. (U.S.), Apto Solutions, Inc. (U.S.), Iron Mountain Incorporated (U.S.), Hewlett Packard Enterprise Company (U.S.), ITRenew, Inc. (U.S.), and IBM (U.S.), among others.

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Robotic Process Automation Market worth 2,467.0 Million USD by 2022

According to the new market research report "Robotic Process Automation Market by Process (Automated solution, Decision Support & Management Solution, and Interaction Solution), Operation (Rule Based and Knowledge Based), Type (Tools and Services), Industry, and Geography - Global Forecast to 2022" , The robotic process automation market is estimated to reach USD 2,467.0 Million by 2022, at a CAGR of 30.14% between 2017 and 2022. The growth of this market is mainly driven by the ease in business processes offered by robotic process automation and convergence of robotic process automation with traditional business process industries.

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Browse 69 market data tables and 66 figures spread through 146 pages and in-depth TOC on "Robotic Process Automation Market - Global Forecast to 2022"
https://www.marketsandmarkets.com/Market-Reports/robotic-process-automation-market-238229646.html

“Robotic process automation market for healthcare and pharmaceuticals will likely grow at the highest CAGR between 2017 and 2022.”

The robotic process automationmarket for the healthcare and pharmaceuticals industry is expected to grow at the highest CAGR between 2017 and 2022. The healthcare and pharmaceuticals industry is highly information-dependent, as it involves medical records of patients, credentials of patients, information on claims processing, revenue cycle management, etc. In this regard, robotic process automation not only helps reduce operational costs but also ensures greater accuracy. The interactive solutions offered by robotic process automationhelp efficiently manage data, reduce medical transportation costs, minimize appointment scheduling errors, etc.

“‘Robotic process automation tools expected to hold the largest share of the robotic process automation market by type.”

Robotic process automation tools held the largest market share in 2016 owing to its capability of eliminating repeatable and predictable human interactions with business applications by mimicking the way people interact with applications through a user interface and also by following simple rules to make decisions. Tool-based lifecycle management can be divided into requirement definition, initial design, application development, testing, deployment, and release and maintenance. It also involves tracking and documenting changes throughout the process of the application.

“North America expected to dominate the robotic process automation market between 2017 and 2022.”

The robotic process automation market for North America held the largest share among all the regions under study in 2016. Also, it is expected to dominate the market between 2017 and 2022. In the U.S., BFSI has been leveraging robotics process automation to improve business processes since 2010. Due to the high degree of flexibility and scalability of the solution, as well as greater data processing and workflow management capabilities, there is widespread deployment of robotic process automation in the BFSI space. The growth of robotic process automation in Canada is driven by the ramp-up of the banking and financial industry. Human resource outsourcing, business process outsourcing, and contact center outsourcing have seen tremendous growth in Canada in recent times. The growth of the robotic process automation market in Mexico is driven by the booming manufacturing industry. New factories and manufacturing units are being built in Mexico, requiring proper supply chain management to be implemented to reduce costs. Inventory management, purchase order, stocking goods, and economic order quantity management require automated processes backed by software bots.

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Major players in the robotic process automation market are Automation Anywhere (U.S.), Blue Prism (U.K.), Celaton Ltd (U.K.), IPSoft (U.S.), Nice Systems Ltd. (Israel), Pegasystems (U.S.), Redwood Software (U.S.), UiPath (U.K.), Verint (U.S.), Xerox Corporation (U.S.), etc.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Electrostatic Precipitator Market worth $7.0 billion by 2023

According to the new research report "Electrostatic Precipitator Market by Type (Dry Electrostatic Precipitator and Wet Electrostatic Precipitator), Vertical (Power & Electricity, Metals, Cement, Chemicals), Offering, and Geography - Global Forecast 2018 to 2023", the overall electrostatic precipitator market is expected to grow from USD 5.8 billion in 2018 to USD 7.0 billion by 2023, at a CAGR of 3.97%. Tightening air pollution control regulations, growth in coal-fired power plants, and growing environmental concerns are the key factors driving the growth of this market.

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Browse 67 market data Tables and 60 Figures spread through 151 Pages and in-depth TOC on "Electrostatic Precipitator Market - Global Forecast 2018 to 2023"

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/electrostatic-precipitator-market-50531915.html

Dry ESP type is expected to gain a significant share of the electrostatic precipitator market by 2023

The dry ESP type accounts for the largest share of the electrostatic precipitator market. Its dominance in the market, in terms of size, can be attributed to its ability to withstand high temperatures and high particulate volumes, cost-effectiveness, and low electricity consumption, which makes it ideal for installations in thermal power & electricity, cement, glass manufacturing, pulp & paper, and metals processing plants. Additional benefits in terms of cost-effectiveness and low electricity consumption resulting in lower operational cost have led to high adoption of dry ESPs.

Electrostatic precipitator market for “others” end-user category to grow at the highest CAGR from 2018 to 2023

The market for “others” end-user category is expected to grow at the highest CAGR from 2018 to 2023. High volume of pollutant released into the environment by pulp and paper, glass, and mining companies has resulted in higher adoption of electrostatic precipitators in the “others” category. Over the years, several prominent market players have delivered electrostatic precipitators for these end users. For instance, in November 2017, General Electric (US) delivered an electrostatic precipitator to replace an old air filtration system at a copper mine in Australia.

The electrostatic precipitator market in RoW to grow at the highest CAGR during the forecast period

The electrostatic precipitator market in RoW is expected to grow at the highest CAGR during the forecast period. Investments toward installing electrostatic precipitators in various end-use industries, such as power & electricity, steel, and chemicals, are increasing, which is expected to create opportunities for the growth of the electrostatic precipitator market. Several companies have received contracts to install electrostatic precipitators. For instance, in June 2017, General Electric (US) received a contract to modernize 2 Turkish coal power plants, which involved delivering electrostatic precipitator under its Fleet360 solution.

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Key players in the market include General Electric (US), Mitsubishi Hitachi Power Systems (Japan), Siemens (Germany), Amec Foster Wheeler (UK), Babcock & Wilcox (US), Thermax Global (India), Ducon Technologies (US), Fujian Longking (China), Hamon Group (Belgium), and Trion (US). These players are increasingly undertaking contracts and expansions to increase their market shares.

Don’t miss out on business opportunities in Electrostatic Precipitator Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Interactive Display Market worth 26.91 Billion USD by 2022

According to the new market research report "Interactive Display Market by Product (Interactive Kiosk, Whiteboard, Table, Video Wall, Monitor, Flat Panel Display), Panel Size (17”– 32”, 32”– 65”, Above 65”), Vertical (Education, Govt. & Corporate), Technology, and Geography - Global Forecast to 2022", the market is expected to grow from USD 9.90 Billion in 2015 to reach USD 26.91 Billion by 2022, at a CAGR of 15.51% between 2016 and 2022.
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Browse 103 market data tables and 62 figures spread through 179 pages and in-depth TOC on “Interactive Display Market - Global Forecast to 2022”
Early buyers will receive 10% customization on reports.
Increasing opportunities and highly dynamic nature of interactive displays, rising trend to adopt interactive displays in retail sector, and customer engagement with interactive displays have led to the rise in the demand for interactive displays. Also, increasing deployment of interactive flat-panel displays in educational institutes is driving the demand for interactive display market.
Education sector accounted for the largest share of the interactive display market in 2015
The interactive display systems market is led by the education vertical. The high demand for interactive flat panel displays and interactive whiteboards from educational institutes is one of the major factors driving the growth of the interactive display systems market for education vertical. The healthcare sector is estimated to grow at the highest rate between 2016 and 2022. Interactive displays are used in hospital premises as a wayfinding tool for the visitors. Interactive displays in the hospitals can showcase the information about the patients such as medical history, type of disease, type of treatment and the information related to the service provided by hospital.
The market for interactive flat panel displays is likely to grow at the highest rate during the forecast period
The market for the interactive flat-panel displays is expected to grow at the highest rate between 2016 and 2022 and is expected to hold the largest market size by 2022. Interactive flat panel display enables the user to interact with the content smoothly and easily. These displays help the students to understand the classroom content in easy way. In the U.S., older versions of interactive whiteboards are getting replaced with the interactive flat-panel displays as it offers more advanced feature than interactive whiteboards. This is the important driver for flat panel displays.
Americas held the largest market share in 2015
The Americas held the largest share of the interactive display market in 2015, followed by Europe and APAC. The U.S. accounted for the largest share of the interactive display systems market in the Americas. The region has some of the leading companies which offer advanced interactive displays in the market. Use of interactive whiteboards and flat-panel displays is done on a large scale in the Americas in education and government and corporate sector.
The major players operating in this market includes Samsung Display Co., Ltd. (South Korea), LG Display Co., Ltd. (South Korea), Panasonic Corporation (Japan), NEC Display Solutions Ltd. (Japan), Planar Systems Inc. (U.S.), Elo Touch Solutions Inc. (U.S.), Crystal Display Systems Ltd. (U.K.), and IntuiLab SA (France), among others.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Wednesday, 30 January 2019

Robotic Process Automation Market expected to reached 2,467.0 Million USD by 2022

According to the new market research report "Robotic Process Automation Market by Process (Automated solution, Decision Support & Management Solution, and Interaction Solution), Operation (Rule Based and Knowledge Based), Type (Tools and Services), Industry, and Geography - Global Forecast to 2022" , The robotic process automation market is estimated to reach USD 2,467.0 Million by 2022, at a CAGR of 30.14% between 2017 and 2022. The growth of this market is mainly driven by the ease in business processes offered by robotic process automation and convergence of robotic process automation with traditional business process industries.

• Download Informational PDF Brochure :- https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=238229646

Browse 69 market data tables and 66 figures spread through 146 pages and in-depth TOC on "Robotic Process Automation Market - Global Forecast to 2022"
https://www.marketsandmarkets.com/Market-Reports/robotic-process-automation-market-238229646.html

“Robotic process automation market for healthcare and pharmaceuticals will likely grow at the highest CAGR between 2017 and 2022.”

The robotic process automationmarket for the healthcare and pharmaceuticals industry is expected to grow at the highest CAGR between 2017 and 2022. The healthcare and pharmaceuticals industry is highly information-dependent, as it involves medical records of patients, credentials of patients, information on claims processing, revenue cycle management, etc. In this regard, robotic process automation not only helps reduce operational costs but also ensures greater accuracy. The interactive solutions offered by robotic process automationhelp efficiently manage data, reduce medical transportation costs, minimize appointment scheduling errors, etc.

“‘Robotic process automation tools expected to hold the largest share of the robotic process automation market by type.”

Robotic process automation tools held the largest market share in 2016 owing to its capability of eliminating repeatable and predictable human interactions with business applications by mimicking the way people interact with applications through a user interface and also by following simple rules to make decisions. Tool-based lifecycle management can be divided into requirement definition, initial design, application development, testing, deployment, and release and maintenance. It also involves tracking and documenting changes throughout the process of the application.

“North America expected to dominate the robotic process automation market between 2017 and 2022.”

The robotic process automation market for North America held the largest share among all the regions under study in 2016. Also, it is expected to dominate the market between 2017 and 2022. In the U.S., BFSI has been leveraging robotics process automation to improve business processes since 2010. Due to the high degree of flexibility and scalability of the solution, as well as greater data processing and workflow management capabilities, there is widespread deployment of robotic process automation in the BFSI space. The growth of robotic process automation in Canada is driven by the ramp-up of the banking and financial industry. Human resource outsourcing, business process outsourcing, and contact center outsourcing have seen tremendous growth in Canada in recent times. The growth of the robotic process automation market in Mexico is driven by the booming manufacturing industry. New factories and manufacturing units are being built in Mexico, requiring proper supply chain management to be implemented to reduce costs. Inventory management, purchase order, stocking goods, and economic order quantity management require automated processes backed by software bots.

• Ask for Sample Pages of Report :-
https://www.marketsandmarkets.com/requestsampleNew.asp?id=238229646

Major players in the robotic process automation market are Automation Anywhere (U.S.), Blue Prism (U.K.), Celaton Ltd (U.K.), IPSoft (U.S.), Nice Systems Ltd. (Israel), Pegasystems (U.S.), Redwood Software (U.S.), UiPath (U.K.), Verint (U.S.), Xerox Corporation (U.S.), etc.

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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Tuesday, 29 January 2019

The Market for Interactive Flat Panel Displays is likely to grow at the Highest rate during the Forecast Period worth 26.91 Billion USD by 2022

According to the new market research report "Interactive Display Market by Product (Interactive Kiosk, Whiteboard, Table, Video Wall, Monitor, Flat Panel Display), Panel Size (17”– 32”, 32”– 65”, Above 65”), Vertical (Education, Govt. & Corporate), Technology, and Geography - Global Forecast to 2022", the market is expected to grow from USD 9.90 Billion in 2015 to reach USD 26.91 Billion by 2022, at a CAGR of 15.51% between 2016 and 2022.

• Download Informational PDF Brochure :-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=36223528

Browse 103 market data tables and 62 figures spread through 179 pages and in-depth TOC on 
“Interactive Display Market - Global Forecast to 2022”
https://www.marketsandmarkets.com/Market-Reports/interactive-display-market-36223528.html


Increasing opportunities and highly dynamic nature of interactive displays, rising trend to adopt interactive displays in retail sector, and customer engagement with interactive displays have led to the rise in the demand for interactive displays. Also, increasing deployment of interactive flat-panel displays in educational institutes is driving the demand for interactive display market.

Education sector accounted for the largest share of the interactive display market in 2015

The interactive display systems market is led by the education vertical. The high demand for interactive flat panel displays and interactive whiteboards from educational institutes is one of the major factors driving the growth of the interactive display systems market for education vertical. The healthcare sector is estimated to grow at the highest rate between 2016 and 2022. Interactive displays are used in hospital premises as a wayfinding tool for the visitors. Interactive displays in the hospitals can showcase the information about the patients such as medical history, type of disease, type of treatment and the information related to the service provided by hospital.

The market for interactive flat panel displays is likely to grow at the highest rate during the forecast period

The market for the interactive flat-panel displays is expected to grow at the highest rate between 2016 and 2022 and is expected to hold the largest market size by 2022. Interactive flat panel display enables the user to interact with the content smoothly and easily. These displays help the students to understand the classroom content in easy way. In the U.S., older versions of interactive whiteboards are getting replaced with the interactive flat-panel displays as it offers more advanced feature than interactive whiteboards. This is the important driver for flat panel displays.

Americas held the largest market share in 2015

The Americas held the largest share of the interactive display market in 2015, followed by Europe and APAC. The U.S. accounted for the largest share of the interactive display systems market in the Americas. The region has some of the leading companies which offer advanced interactive displays in the market. Use of interactive whiteboards and flat-panel displays is done on a large scale in the Americas in education and government and corporate sector.

The major players operating in this market includes Samsung Display Co., Ltd. (South Korea), LG Display Co., Ltd. (South Korea), Panasonic Corporation (Japan), NEC Display Solutions Ltd. (Japan), Planar Systems Inc. (U.S.), Elo Touch Solutions Inc. (U.S.), Crystal Display Systems Ltd. (U.K.), and IntuiLab SA (France), among others.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh

MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

Monday, 28 January 2019

Wireless Fire Detection Systems Market worth 303.8 Million USD by 2020

The report "Wireless Fire Detection Systems Market by Product, System Type (Fully Wireless, Hybrid), Installation Type (New, Retrofit), Vertical (Commercial, Residential, Manufacturing), and Geography - Global Forecast to 2020", The overall wireless fire detection systems market is expected to be valued at USD 303.8 Million by 2020, at a CAGR of 7.7% between 2016 and 2020.

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Browse 14 market data tables and 48 figures spread through 136 pages and in-depth TOC on "Wireless Fire Detection Systems Market - Global Forecast to 2020"

https://www.marketsandmarkets.com/Market-Reports/wireless-fire-detection-system-market-699903.html

This significant growth rate of the wireless fire detection systems market is fostered by the increasing demand of these systems in retrofit installations due the cost-effectiveness and the ease involved in installing these systems. The improvement in the existing government regulations and mandates regarding fire protection systems is another major driving factor for this market.

Sensors/detectors held largest share of market based on product in 2015; market for segment expected to grow at highest CAGR during forecast period

The market for sensors/detectors is expected to lead the current wireless fire detection systems market based on product and is expected to grow at the highest CAGR between 2016 and 2020. The robust growth in infrastructure, utilities, and facilities sectors is bringing in the need for a greater adoption of advanced sensors and detectors across the globe. Another important factor impacting the growth of this market is the stringent government regulations in many countries regarding the installation of these sensors/detectors. With the increasing government funding, the market for smoke detectors is expected to have a positive outlook by 2020, especially in the residential sector.

Hybrid systems held larger share of wireless fire detection systems market in 2015

The hybrid systems held a larger share of the wireless fire detection systems market based on system type in 2015, and the market for the said segment is expected to grow at a higher CAGR between 2016 and 2020. The hybrid systems are mainly suitable for retrofitting buildings as these systems are very resilient due to their exclusive mode of transmission and offer relatively uncomplicated installation without cable drawing. On the other hand, the structural cost involved with a traditional system is high. Hybrid systems are highly suitable for smaller or larger scale apartments and houses, and for smaller or medium-scale commercial spaces.

North America expected to hold largest share of market, while market in Europe expected witness highest CAGR

North America held the largest share of wireless fire detection systems market in 2015. The market in Europe is expected to grow at the highest CAGR during the forecast period. Wireless systems have already gained popularity in Western Europe, especially the UK, France, and Germany. The high expected CAGR of wireless fire detection systems market in Europe can be attributed to the stringent government mandate on the installation of smoke detectors or smoke alarms in homes in European countries such as the UK, France, and Germany.

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The major players in this market include EMS  Security Group Ltd (UK), Electro Detectors Ltd (UK), Sterling Safety Systems (UK), Honeywell International Inc. (US), Siemens AG (Germany), Tyco International PLC (Ireland), HOCHIKI Corporation (Japan), Halma Plc (UK), Robert Bosch GmbH (Germany), EuroFyre Ltd (UK), and Detectomat GmbH (Germany).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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