Thursday, April 30, 2020

Rail Mounted Gantry Crane Market Size Is Estimated To Attain $399.7 Million by 2025


The global rail mounted gantry crane market size is expected to reach USD 399.7 million by 2025, according to a new study by Grand View Research, Inc. The increasing global trade, vessel sizes, and port investments are the primary factors driving the market.

The growth of marine transport has compelled ship owners to introduce large-sized vessels that are capable of transporting a large number of containers simultaneously. Such factors are also pressurizing port operators to improve their existing facilities for catering the increasing number of large-sized vessels.

The growing trade activities across Asia Pacific and Middle East & Africa (MEA) regions are anticipated to increase transshipments. The growth in transshipments is expected to propel the need of bigger vessels, so that it becomes easier to transport more number of containers between two ports at a time. Thus, driving the need of cranes that can handle large number of containers, at a much faster speed.

RMG cranes are popular as ideal choices, owing to stringent government regulations pertaining to pollution control, as they are environment-friendly and are capable of running entirely on electricity. Moreover, the incorporation of intelligent systems, such as container positioning system, non-contact anti-collision system, and remote operation, in RMG cranes has enabled port authorities to reduce operational hazards and attain operational efficiency.

For full research report on Rail Mounted Gantry Crane Market visit here: https://www.grandviewresearch.com/industry-analysis/rail-mounted-gantry-rmg-crane-market

Further key findings from the study suggest:

  • The 0 - 40 tons segment dominated the overall market in 2016. However, the 40.1 & above tons segment is expected to reach the highest market share by 2025 and is expected to grow at the highest CAGR of 4.6% over the forecast period.
  • Instances, such as increase in vessel size and expansion of Panama Canal, are expected to propel the demand for RMG cranes (with higher lift capacity)
  • The European market occupied a significant share in the global market and is expected to grow at a CAGR of 3.0% over the coming years
  • The Asia Pacific regional market is presumed to emerge as the fastest-growing market with USD 155.6 million by 2025
  • Chinese companies are making huge investments on port developments (local and global). In 2017, the Chinese government announced its plan to invest USD 50 billion in Brazilian port infrastructure.
  • The key industry participants include Anupam Industries Limited, Konecranes Plc, Doosan Heavy Industries Vietnam Co., Shanghai Zhenhua Heavy Industries Co., Ltd., Mi-Jack Products, MAC PORT-Macchine Operatrici Portuali s.r.l., SANY GROUP, Terex Corporation, TNT Crane & Rigging, and Liebherr Group

Grand View Research has segmented the global rail mounted gantry crane market based on lift capacities and regions:

Rail Mounted Gantry Crane Lift Capacity Scope (Revenue, USD Million; 2014 - 2025)
  • 0 - 40 tons
  • 40.1 & above tons
Rail Mounted Gantry Crane Regional Outlook (Revenue, USD Million; 2014 - 2025)
  • North America
    • U.S.
  • Europe
    • UK
    • Germany
  • Asia Pacific
    • China
    • India
  • Latin America
    • Mexico
  • Middle East & Africa (MEA)
About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com






Machine Vision Market Size To Reach $18.24 Billion By 2025 | Industry Size, Share, Revenue, Trends, Key Players, Growth And Future Industry Insights 2025


The global machine vision market size is expected to reach USD 18.24 billion by 2025 at a 7.7% CAGR during the forecast period, according to a new report by Grand View Research, Inc. The ability of machine vision systems to process massive amounts of information in a just a few seconds is a major factor driving the market. The quick processing ability of machine vision systems is paving the way for manufacturers to achieve new milestones in manufacturing products with negligible defects. Moreover, increasing adoption of robots across industrial sectors is leading to application of vision-guided robotic systems. Industrial verticals, such as automotive, pharmaceutical, packaging, and food and beverage are prominent sectors where robotic systems are used, eventually fueling demand for machine vision systems.

Machine vision technology encompasses various components in order to capture images of products to analyze them, depending on different parameters of quality and safety. The technology is a combination of software and hardware, which provides operational control to devices to execute functions such as capturing and processing of images and measuring various characteristics required for decision making. Major components of the system include lighting, lens, image sensors, vision processing, and communication devices. Machine vision systems assist in resolving complicated industrial tasks with reliability.

Industrial machine vision systems are usually more robust and demand high reliability, stability, and accuracy as compared to those used in institutional or educational applications. They cost lesser than systems used in military, aerospace, defense, and government applications. These factors are expected to lead to greater adaptability of the technology in industrial sectors. In addition, robotic vision systems used across these industries are leading to increasing adoption of the technology, thereby strengthening the overall market.

The technology has proven to be of key importance in the area of manufacturing and quality control, owing to rising need for quality inspection and production. In addition, growing automation in industrial segments is facilitating the growth of the market at a considerable rate.

The technology has been witnessing extensive developments and innovative upgrades since its emergence. Several factors, such as inception of the technology and increasing need for quality products, are influencing market growth. Furthermore, machine vision systems are gaining traction in medical and healthcare applications in recent times. Analysis of medical images and robotic applications for carrying various medical activities are key roles of the technology in these sectors.

The automotive industry held the largest share in the machine vision market in 2017. The inspection process, which includes error proofing and presence/absence checking, is responsible for adoption of machine vision in the automotive sector. The food and beverages industry is expected to exhibit the highest growth rate over the forecast years, owing to use of machine vision systems in packaging and bottling operations.

Asia Pacific accounted for the largest market share in 2017, which can be attributed to ample opportunities offered on account of large manufacturing practices carried out in the region. Countries such as China, Japan, South Korea, and India are considered to be potential markets for upcoming technologies, including machine vision. The region’s rapid industrial expansion has been significantly contributing to the prosperity and development of various innovations and adoption of different technologies.

In addition, factors such as growing focus on developments, increased expenditure on vision-related research activities, and expanding manufacturing base in the region are expected to spur the market in Asia Pacific. The market is also anticipated to exhibit the fastest growth rate over the forecast period.

The global industry is facing challenges due to lack of awareness among users about rapidly advancing machine vision technology. Moreover, the complexity of integrating machine vision systems are posing major difficulties for manufacturers. This is also restraining the growth of the market.

For full research report on Machine Vision Market visit here: https://www.grandviewresearch.com/industry-analysis/machine-vision-market

Further key findings from the report suggest:

  • By way of product, the PC-based segment accounted for the largest market share in 2017 and is estimated to continue its dominance over the forecast period
  • On the basis of application, the identification segment is anticipated to exhibit the fastest growth rate over the forecast period, followed by the positioning and guidance segment
  • By end use, the food and beverages industry is expected to witness the highest CAGR over the forecast period
  • The Asia Pacific market is expected to witness substantial growth over the next decade. This growth is witnessed in the wake of ample opportunities offered due to presence of large manufacturing hubs across the food and packaging, automotive, pharmaceutical, industrial, and consumer electronic sectors
  • Prominent companies in the industry include Allied Vision Technologies GmbH (Germany), Basler AG (Germany), Cognex Corporation (U.S.), Keyence Corporation (Japan), National Instruments (U.S.), Omron Corporation (Japan), Machine Vision Technology (U.K.), and Microscan Systems (U.S.).

Grand View Research has segmented the global machine vision market based on offering, product, application, end-use industry, and region:

Machine Vision Offering Outlook (Revenue, USD Million, 2014 - 2025)
  • Hardware
  • Software
Machine Vision Product Outlook (Revenue, USD Million, 2014 - 2025)
  • PC-based
  • Smart Camera-based
Machine Vision Application Outlook (Revenue, USD Million, 2014 - 2025)
  • Quality Assurance and Inspection
  • Positioning and Guidance
  • Measurement
  • Identification
Machine Vision End-Use Industry Outlook (Revenue, USD Million, 2014 - 2025)
  • Automotive
  • Pharmaceuticals & Chemicals
  • Electronics & Semiconductor
  • Pulp & Paper
  • Printing & Labeling
  • Food & Beverage (Packaging and Bottling)
  • Glass & Metal
  • Postal & Logistics
  • Others (Agriculture, Security & Surveillance, Rubber, Plastics, Solar Paneling, Machinery, and Others)
Machine Vision Regional Outlook (Revenue, USD Million, 2014 - 2025)
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Spain
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
  • South America
    • Brazil
  • Middle East & Africa
About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.


For more info visit @ https://www.grandviewresearch.com






Data Center Rack Power Distribution Unit Market Size Is Predicted To Reach $2.04 Billion By 2025 | Industry Players Are APC Corporation,Server Technology,Raritan Inc., Vertiv and Eaton


The global data center rack power distribution unit (PDU) market is expected to reach USD 2.04 billion by 2025, according to a new report by Grand View Research, Inc. In a data center environment, a rack PDU aids in supplying power to server racks. The rising need for reliable power solutions is one of the key factor that is anticipated to have a positive impact on the market growth over the coming years.

The recent years have observed an increase in the number of data centers that have faced power outages. This has led to the disruption of business operations and induced operators to equip their data centers with redundant power units to ensure higher availability. Furthermore, the increasing espousal of cloud-based services has encouraged cloud service providers to make investments for renovating their existing data center facilities and building new facilities, thereby, driving the data center rack PDU market.

The adoption of these PDUs with smart features and higher power ratings, especially switched PDUs that witnessed a substantial progress in 2015, is also expected to drive the market growth. The demand of remote control, capacity planning, and power provisioning is increasing with the rising need for automation within data centers. These functions along with environmental monitoring and security features that rack PDUs empower drive the market growth.

Organizations are focusing on procurement of solutions for increasing energy efficiency and managing power consumption, owing to the increase in power usage. PDU manufacturers are offering solutions with monitoring capabilities to control power consumption and ensure better usage of resources. In addition to decreasing power usage and increasing the efficiency of a data center, the solutions are also anticipated to reduce an organization's carbon footprint.

For full research report on Data Center Rack Power Distribution Unit (PDU) Market visit here: 

Further key findings from the report suggest:
  • The global data center rack power distribution unit market exceeded USD 1,000 million in 2016 and is expected to grow at a CAGR of 6% from 2017 to 2025 owing to an increasing demand for energy efficient power distribution products.
  • Intelligent PDU is expected to be the most popular product during the forecast period, as it aids in reducing power wastage in data centers, and generate revenue exceeding USD 400 million by 2025
  • The Asia Pacific region is projected to witness substantial growth over the coming years, owing to increasing espousal of cloud offerings from the major cloud service providers and government initiatives that encourage global data center operators to establish or expand their presence in the region
  • The key players, such as Cyber Power Systems, APC Corporation,Server Technology,Raritan Inc., Vertiv and Eaton, dominated the market in 2016, with an increased focus on introducing novel and innovating products in a bid to face competition.

Grand View Research has segmented the global data center rack PDU market based on products and regions:

Data Center Rack PDU Product Outlook (Revenue, USD Million, 2014 - 2025)
  • Basic PDU
  • Metered PDU
  • Intelligent PDU
  • Switched PDU
Data Center Rack PDU Regional Outlook (Revenue, USD Million, 2014 - 2025)
  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa 
About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com






Wednesday, April 29, 2020

Sports Technology Market Size To Reach $34.99 Billion By 2025 | Key Players Are IBM Corporation; Cisco Systems, Inc.; And Telefonaktiebolaget LM Ericsson


The global sports technology market size is expected to reach USD 34.99 billion by 2025, growing at a CAGR of 20.3% over the forecast period, according to a study conducted by Grand View Research, Inc. The growing adoption of IoT technologies, coupled with the integration of social media with stadium technologies, and the need for real-time player statistics are the key factors driving the market growth over the forecast period. Additionally, upcoming international and national sports events and substantial enhancements in spectators engagement are expected to surge the demand for sports technology.

Stadiums across developed and emerging economies are being renovated to offer facilities such as better smart parking, operational efficiency, enhanced security, and next-generation viewing experience. Currently, Artificial Intelligence (AI)-based sports analytics is of key importance while developing strategies for boosting individual performance, scouting new talent, and reducing injuries. Moreover, the increasing focus on delighting & engaging fans at the stadium and growing demand for data-driven decisions & operations are also expected to influence the market growth. Additionally, the U.S. Supreme Court has legalized sports betting, which is expected to positively influence the market growth.

The growth of the European region can be attributed to the increasing disposable income and rising demand for wearable devices in emerging economies such as Russia, Poland, Greece, and Turkey. The emergence of professional leagues, digitalization of sports, and increasing penetration of internet & cloud technology are driving the Asia Pacific market growth. Moreover, sports organizations, including New Zealand Cricket, Indian Premier League (IPL), Sahara Force India, and Melbourne Cricket Association, are using advanced technologies for hosting tournaments.

For full research report on Sports Technology Market visit here: https://www.grandviewresearch.com/industry-analysis/sports-technology-market

Further key findings from the study suggest:

  • The smart stadium segment is expected to dominate the market by 2025 owing to the increasing construction of smart stadiums across emerging economies
  • The basketball segment is projected to register a CAGR of 21.0% from 2019 to 2025 as market players are focused on developing new ways to integrate wearable technologies in basketball games
  • The Asia Pacific regional market is estimated to register a CAGR of 23.0% over the forecast period owing to growth in social media analytics, IoT, internet adoption, and smart devices
  • The prominent market players include IBM Corporation; Cisco Systems, Inc.; Telefonaktiebolaget LM Ericsson; SAP SE, among others.

Grand View Research has segmented the global sports technology market on the basis of technology type, sports, and region:

Sports Technology Type Outlook (Revenue, USD Million, 2015 - 2025)
  • Devices
    • Wearables
    • Digital Signage
    • Camera
  • Smart Stadium
    • Software
      • Stadium & Public Security
      • Building Automation
      • Event Management
      • Others
    • Services
  • Analytics & Statistics
  • Esports
    • Tickets & Merchandise
    • Sponsorship & Advertisements
    • Others
Sports Technology Sports Outlook (Revenue, USD Million, 2015 - 2025)
  • American Football/Rugby
  • Baseball
  • Basketball
  • Cricket
  • Golf
  • Ice Hockey
  • Tennis
  • Soccer
  • Others
Regional Outlook (Revenue, USD Million, 2015 - 2025)
  • North America
    • U.S.
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Middle East & Africa
About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com






Narrowband-IoT Market Upcoming Trends, Growth Drivers and Challenges – Forecast to 2025

The global narrowband-Iot (NB-IoT) market size is expected to reach USD 6,020.2 million by 2025, registering a CAGR of 34.9% from 2019 to 2025, according to a new study conducted by Grand View Research, Inc. The growing demand for deployment of innovative technologies to track and monitor assets and people accurately in line with the smart city initiatives being pursued aggressively all around the world is expected to drive the growth of the market. Other factors, such as low power consumption, lower component costs, and wider coverage, are also expected to contribute toward the growth of the market.

Narrowband-IoT, which is also known as LTE Cat NB1, happens to be a Low Power Wide Area (LPWA) network technology standard used to connect a wide range of smart sensors and devices using a wireless cellular network. NB-IoT devices operate in the licensed spectrum and ensure secure and reliable connectivity to end users.

Incumbents of the automotive industry are responding to the passengers’ safety concerns by adopting emerging technologies that can potentially offer safer, convenient, and efficient transportation. As such, the use of Narrowband-IoT in the automotive industry is growing rapidly owing to the capability of NB-IoT to accurately track vehicles, identify and avoid highway congestions, and subsequently contribute toward effective traffic management. The looming commercialization of the upcoming connected and autonomous vehicles is also expected to play a key role in driving the growth of the NB-IoT market over the forecast period.

Energy and utility companies are widely adopting the NB-IoT technology for smart meters to remotely monitor the usage of power, water, and gas in residential and commercial buildings, and to obtain the usage data for issuing monthly bills. The usage data also helps energy and utility companies in tracking the consumption and formulating energy-saving strategies accordingly.

For full research report on Narrowband-IoT Market visit here: https://www.grandviewresearch.com/industry-analysis/narrowband-nb-iot-market

Further key findings from the study suggest:

  • The module segment is anticipated to emerge as the fastest-growing segment over the forecast period owing to the increasing number of IoT applications and declining manufacturing costs of NB-IoT modules
  • The tracker segment is anticipated to gain traction over the forecast period owing to the growing use of trackers for tracking and monitoring production processes and assets, particularly those which are difficult to monitor manually
  • The wearables segment is expected to witness the fastest growth over the forecast period due to the increasing demand for wearables such as fitness wristbands to monitor exercise activities and health monitoring devices to monitor the health status, as well as other dedicated wearables to track children and elderly people for safety purposes
  • Asia Pacific is expected to register the highest CAGR from 2019 to 2025 owing to the rapidly growing demand for wearables and smartphones in line with the continued urbanization and various smart city initiatives being undertaken
  • Key players operating in the NB-IoT market include AT&T; Huawei Technologies Co., Ltd.; Qualcomm Technologies, Inc.; Cellco Partnership (Verizon Wireless); MediaTek Inc.; T-Mobile US, Inc.; Intel Corporation; Nokia; Vodafone Group PLC; Sequans; Telefonaktiebolaget LM Ericsson; and Altair Semiconductor.

Grand View Research has segmented the global NB-IoT market based on component, deployment, device type, end use, and region:

NB-IoT Component Outlook (Revenue, USD Million, 2018 - 2025)
  • Network
  • Module
NB-IoT Deployment Outlook (Revenue, USD Million, 2018 - 2025)
  • In-band
  • Guard-band
  • Standalone
NB-IoT Device Type Outlook (Revenue, USD Million, 2018 - 2025)
  • Alarm & Detector
  • Smart Parking
  • Smart Meter
  • Smart Lighting
  • Tracker
  • Wearables
  • Others
NB-IoT End Use Outlook (Revenue, USD Million, 2018 - 2025)
  • Automotive
  • Agriculture
  • Infrastructure
  • Healthcare
  • Energy & Utilities
  • Manufacturing
  • Consumer Electronics
  • Others
NB-IoT Regional Outlook (Volume, Million Units; Revenue, USD Million, 2018 - 2025)
  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
  • Middle East & Africa
About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more info visit @ https://www.grandviewresearch.com