Booming Smartphone Sales Driving RF Semiconductor Demand

The burgeoning sales of smartphones in both developed and developing countries are driving the demand for radio frequency (RF) semiconductors across the world. Emerging economies such as India, Pakistan, China, Nigeria, and Indonesia are witnessing a sharp surge in smartphone usage, on account of the rising internet penetration, soaring disposable income of people, and increasing urbanization rate. According to the Global System for Mobile Communications Association’s Mobile Economy 2020 report, in APAC, smartphone usage will rise from 64% of the total population to 81% from 2019 to 2025.

The other major factor driving the expansion of the RF semiconductor market is the growing adoption of the internet of things (IoT) technology in various operations. IoT assists in building an interconnected framework of physical things such as smart systems through secure networks with the help of RF technologies. For instance, RF transceivers are incorporated in smart home systems for connecting with the internet using Bluetooth or Wi-Fi. In addition to this, the surging number of smart city projects in various countries is also augmenting the requirement for smart devices.

Read More: RF Semiconductor Market Analysis and Demand Forecast Report

Besides, the rapid technological advancements being made in wireless communication are also fueling the sales of RF semiconductors across the world. Due to these factors, the revenue of the market will surge from $2.1 billion in 2019 to $5.0 billion by 2030. According to the estimates of the market research company, P&S Intelligence, the market will advance at a CAGR of 8.8% from 2020 to 2030. Gallium arsenide (GaAs), indium phosphate (InP), silicon (Si), silicon-germanium (SiGe), and gallium nitride (GaN) are the most commonly used types of RF semiconductor materials. 

Out of these, the demand for GaAs RF semiconductors was found to be the highest during the last few years, primarily due to their less power dissipation, lower power consumption, high efficiency, and high voltage and temperature tolerance than the other RF semiconductors. Power amplifiers, low-noise amplifiers (LNA), switches, tuners, and filters are the main components used in RF semiconductors. Out of these, the demand for power amplifiers was observed to be the highest in 2019.

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Booming Smartphone Sales Driving RF Semiconductor Demand

The burgeoning sales of smartphones in both developed and developing countries are driving the demand for radio frequency (RF) semiconductors across the world. Emerging economies such as India, Pakistan, China, Nigeria, and Indonesia are witnessing a sharp surge in smartphone usage, on account of the rising internet penetration, soaring disposable income of people, and increasing urbanization rate. According to the Global System for Mobile Communications Association’s Mobile Economy 2020 report, in APAC, smartphone usage will rise from 64% of the total population to 81% from 2019 to 2025.

The other major factor driving the expansion of the RF semiconductor market is the growing adoption of the internet of things (IoT) technology in various operations. IoT assists in building an interconnected framework of physical things such as smart systems through secure networks with the help of RF technologies. For instance, RF transceivers are incorporated in smart home systems for connecting with the internet using Bluetooth or Wi-Fi. In addition to this, the surging number of smart city projects in various countries is also augmenting the requirement for smart devices.

Read More: RF Semiconductor Market Analysis and Demand Forecast Report

Besides, the rapid technological advancements being made in wireless communication are also fueling the sales of RF semiconductors across the world. Due to these factors, the revenue of the market will surge from $2.1 billion in 2019 to $5.0 billion by 2030. According to the estimates of the market research company, P&S Intelligence, the market will advance at a CAGR of 8.8% from 2020 to 2030. Gallium arsenide (GaAs), indium phosphate (InP), silicon (Si), silicon-germanium (SiGe), and gallium nitride (GaN) are the most commonly used types of RF semiconductor materials. 

Out of these, the demand for GaAs RF semiconductors was found to be the highest during the last few years, primarily due to their less power dissipation, lower power consumption, high efficiency, and high voltage and temperature tolerance than the other RF semiconductors. Power amplifiers, low-noise amplifiers (LNA), switches, tuners, and filters are the main components used in RF semiconductors. Out of these, the demand for power amplifiers was observed to be the highest in 2019.

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India Structured Cabling Market To Grow at 11.5% CAGR during 2020–2030

 

A number of factors such as booming requirement for high bandwidth, escalating need for effective cable management, and surging data center sector are expected to drive the Indian structured cabling market at a CAGR of 11.5% during the forecast period (2020–2030). According to P&S Intelligence, the market revenue stood at $508.0 million in 2020 and it is projected to reach $1,504.9 million by 2030. Moreover, the market is witnessing a trend of rapid digitization in India.

One of the primary factors for the market growth is the burgeoning demand for high bandwidth, owing to the surging penetration of internet in Indian. Structured cabling enables high bandwidth, which has become a necessity for smooth operations in business organizations. This demand is rising at a rapid pace, owing to the high data transfer capability, flexibility, and low cost of the structured cabling. As it is the basis of efficient IT infrastructure, this type of cabling is getting attention from the government, telecommunications, commercial, industrial, and other sectors. 

Get More Insights: India Structured Cabling Market Segmentation Analysis Report

Another growth driver for the Indian structured cabling market is the growing data center industry. The number of structured cabling users in India is increasing with the rising urbanization rate; thus, it is resulting in straining the current communication infrastructure. With the rapid digitization in the country, the need for green data centers is surging. Also, the market for data centers is driven by the rising supply and declining cost of high-bandwidth internet and introduction of advanced applications, including customer relationship management (CRM) and enterprise resource planning (ERP). 

The product type segment of the Indian structured cabling market is classified into fiber components, fiber cable, copper components, and copper cable. Among these, the copper cable category held the largest share in 2020, owing to its nominal price. Furthermore, the rising replacement of older cabling infrastructure with structured cabling to reduce bottlenecks and increase efficiency in the system will also contribute to the growth of the market in this category in the coming years.

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India Structured Cabling Market To Grow at 11.5% CAGR during 2020–2030

 

A number of factors such as booming requirement for high bandwidth, escalating need for effective cable management, and surging data center sector are expected to drive the Indian structured cabling market at a CAGR of 11.5% during the forecast period (2020–2030). According to P&S Intelligence, the market revenue stood at $508.0 million in 2020 and it is projected to reach $1,504.9 million by 2030. Moreover, the market is witnessing a trend of rapid digitization in India.

One of the primary factors for the market growth is the burgeoning demand for high bandwidth, owing to the surging penetration of internet in Indian. Structured cabling enables high bandwidth, which has become a necessity for smooth operations in business organizations. This demand is rising at a rapid pace, owing to the high data transfer capability, flexibility, and low cost of the structured cabling. As it is the basis of efficient IT infrastructure, this type of cabling is getting attention from the government, telecommunications, commercial, industrial, and other sectors. 

Get More Insights: India Structured Cabling Market Segmentation Analysis Report

Another growth driver for the Indian structured cabling market is the growing data center industry. The number of structured cabling users in India is increasing with the rising urbanization rate; thus, it is resulting in straining the current communication infrastructure. With the rapid digitization in the country, the need for green data centers is surging. Also, the market for data centers is driven by the rising supply and declining cost of high-bandwidth internet and introduction of advanced applications, including customer relationship management (CRM) and enterprise resource planning (ERP). 

The product type segment of the Indian structured cabling market is classified into fiber components, fiber cable, copper components, and copper cable. Among these, the copper cable category held the largest share in 2020, owing to its nominal price. Furthermore, the rising replacement of older cabling infrastructure with structured cabling to reduce bottlenecks and increase efficiency in the system will also contribute to the growth of the market in this category in the coming years.

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Why Are Air Compressor Sales Rising in APAC Manufacturing Sector?

 

Among the top manufacturing nations in the world are China, Japan, India, and South Korea. Their booming population and export volume are leading to a continuous increase in industrial production. New manufacturing clusters are being set up, and a huge volume and variety of production equipment is being procured in order to fulfill the rising demand for all things imaginable. One of the key pieces of equipment used at factories is an air compressor, often as part of larger machines that operate on pneumatics (air pressure).

Therefore, as per P&S Intelligence, with the burgeoning industrial production, the value of the Asia-Pacific (APAC) air compressor market will increase to $15.2 billion by 2024 from $11.8 billion in 2018, at a 4.1% CAGR during 2019–2024 (forecast period). Some of the common industrial machines that work on pneumatics, therefore require air compressors, are rock drills, riveters, pavement breakers, paint sprayers, forging presses, blast cleaners, nail guns, and atomizers. Moreover, several piping systems, such as those used in food processing plans, use pressurized air to push products and ingredients.

Read More: APAC Air Compressor Market Revenue Estimation and Growth Forecast Report

Another important and, perhaps, the most-common application area of such devices, is heating, ventilation, air conditioning, and refrigeration (HVAC-R) systems. The most-important component of an AC or fridge is the compressor, as it is what provides the cooling. Hence, with the global temperature rising each year as a result of climate change due to air pollution, the demand for such systems is burgeoning. In addition, the rising disposable income in developing countries is allowing people to purchase ACs and fridges, thereby propelling air compressor sales in APAC.

The portability segment of the APAC air compressor market is bifurcated into portable and stationary. Of these, the stationary bifurcation held the larger share during 2014–2018 (historical period) as most of the compressors used in factories are so big that they cannot be carried from one place to another. Moreover, they need to be this massive because the compressed air requirements of factories are huge, both in terms of the volume of air and the pressure.

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Why Are Air Compressor Sales Rising in APAC Manufacturing Sector?

 

Among the top manufacturing nations in the world are China, Japan, India, and South Korea. Their booming population and export volume are leading to a continuous increase in industrial production. New manufacturing clusters are being set up, and a huge volume and variety of production equipment is being procured in order to fulfill the rising demand for all things imaginable. One of the key pieces of equipment used at factories is an air compressor, often as part of larger machines that operate on pneumatics (air pressure).

Therefore, as per P&S Intelligence, with the burgeoning industrial production, the value of the Asia-Pacific (APAC) air compressor market will increase to $15.2 billion by 2024 from $11.8 billion in 2018, at a 4.1% CAGR during 2019–2024 (forecast period). Some of the common industrial machines that work on pneumatics, therefore require air compressors, are rock drills, riveters, pavement breakers, paint sprayers, forging presses, blast cleaners, nail guns, and atomizers. Moreover, several piping systems, such as those used in food processing plans, use pressurized air to push products and ingredients.

Read More: APAC Air Compressor Market Revenue Estimation and Growth Forecast Report

Another important and, perhaps, the most-common application area of such devices, is heating, ventilation, air conditioning, and refrigeration (HVAC-R) systems. The most-important component of an AC or fridge is the compressor, as it is what provides the cooling. Hence, with the global temperature rising each year as a result of climate change due to air pollution, the demand for such systems is burgeoning. In addition, the rising disposable income in developing countries is allowing people to purchase ACs and fridges, thereby propelling air compressor sales in APAC.

The portability segment of the APAC air compressor market is bifurcated into portable and stationary. Of these, the stationary bifurcation held the larger share during 2014–2018 (historical period) as most of the compressors used in factories are so big that they cannot be carried from one place to another. Moreover, they need to be this massive because the compressed air requirements of factories are huge, both in terms of the volume of air and the pressure.

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Why will Demand for Fingerprint Sensors Soar in Asia-Pacific in Near Future?

 

With the rising usage of fingerprint sensors in various government sectors and applications, their sales are surging sharply across the world. Government organizations, military headquarters, courts, and various other public organizations are increasingly adopting advanced fingerprint sensors for improving the security of their premises. These devices authenticate the identity of the person entering the premises. This subsequently mitigates the chances of identity thefts and prevents identity duplication during the provision of several government services to the citizens.

For example, the Unique Identification Authority of India (UIDAI) uses Aadhaar-based biometric identification for dispersing the various benefits sanctioned under different social welfare schemes to the people belonging to the economically weaker sections of the society. This model involves the capturing of the fingerprints of people so that their identity can be easily authenticated. Besides this, the usage of biometric cards by organizations working in the banking, financial services, and insurance sector is also fueling the demand for fingerprint sensors.

Get More Insights: Fingerprint Sensors Market Segmentation Analysis Report

The growing incidence of frauds and thefts in this sector is massively boosting the demand for connected devices, which is, in turn, generating a huge requirement for fingerprint sensors. Biometric cards integrated with the fingerprint technology are more secure and faster than the traditionally used payment cards. These cards not only authenticate the identity of users in less than a second but they also provide more security and protection than a standard four-digit pin.

In 2018, dual interface biometric payment cards were launched by Visa Inc. in collaboration with Mountain America Credit Union and Bank of Cyprus. Due to these factors, the popularity of fingerprint sensors is growing rapidly across the globe, which is, in turn, fueling the expansion of the global fingerprint sensors market. According to various reports, the market reached a value of $3.8 billion in 2019 and it is predicted to grow at a CAGR of 13.6% from 2020 to 2030.

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Why will Demand for Fingerprint Sensors Soar in Asia-Pacific in Near Future?

 

With the rising usage of fingerprint sensors in various government sectors and applications, their sales are surging sharply across the world. Government organizations, military headquarters, courts, and various other public organizations are increasingly adopting advanced fingerprint sensors for improving the security of their premises. These devices authenticate the identity of the person entering the premises. This subsequently mitigates the chances of identity thefts and prevents identity duplication during the provision of several government services to the citizens.

For example, the Unique Identification Authority of India (UIDAI) uses Aadhaar-based biometric identification for dispersing the various benefits sanctioned under different social welfare schemes to the people belonging to the economically weaker sections of the society. This model involves the capturing of the fingerprints of people so that their identity can be easily authenticated. Besides this, the usage of biometric cards by organizations working in the banking, financial services, and insurance sector is also fueling the demand for fingerprint sensors.

Get More Insights: Fingerprint Sensors Market Segmentation Analysis Report

The growing incidence of frauds and thefts in this sector is massively boosting the demand for connected devices, which is, in turn, generating a huge requirement for fingerprint sensors. Biometric cards integrated with the fingerprint technology are more secure and faster than the traditionally used payment cards. These cards not only authenticate the identity of users in less than a second but they also provide more security and protection than a standard four-digit pin.

In 2018, dual interface biometric payment cards were launched by Visa Inc. in collaboration with Mountain America Credit Union and Bank of Cyprus. Due to these factors, the popularity of fingerprint sensors is growing rapidly across the globe, which is, in turn, fueling the expansion of the global fingerprint sensors market. According to various reports, the market reached a value of $3.8 billion in 2019 and it is predicted to grow at a CAGR of 13.6% from 2020 to 2030.

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Thanks to Stepper Motors, Industrial Automation is Now a Reality

 

With the mushrooming demand for greater efficiency and higher productivity in industrial operations, industrial automation is rapidly becoming a necessity all over the world. The adoption of robotics systems and other automated solutions is making it possible for industries to achieve higher productivity and augment their revenue generation. As stepper motors are extensively used in robotics systems, the growing usage of industrial robots is massively pushing up the requirement for stepper motors across the world.

Besides reducing the dependency on human workers and thus mitigating the possibility of errors in various factory operations, industrial robots also provide personal assistance to the workers on the floor, which helps in increasing the overall productivity. Moreover, these robots are also used as autonomous vehicles which boosts the speed and efficiency of warehouse and logistics operations. Apart from being required in industrial robots, stepper motors are also used in various electronics applications such as sensing and position control.

Read More: Stepper Motor Market Demand

Miniature stepper motors, which are basically low-power stepper motors, are used in these electronics applications. The small size of these motors makes them ideal for use in a plethora of compact and small-sized electronic devices such as lenses and digital cameras. Additionally, these motors are heavily used in electronic toys and computer peripherals. The ballooning usage of these motors in various electronic systems is boosting their sales, which is, in turn, causing the surge of the global stepper motor market.

As a result, the market is predicted to grow, in revenue generation, from $2.5 billion to $3.7 billion from 2019 to 2030. Further, the market will progress at a CAGR of 3.4% from 2020 to 2030, according to the forecast of P&S Intelligence, a market research company. Permanent-magnet, variable-reluctance, and hybrid are the main types of stepper motors used all over the world. Amongst these, the usage of hybrid motors was observed to be the highest in the past years.

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Thanks to Stepper Motors, Industrial Automation is Now a Reality

 

With the mushrooming demand for greater efficiency and higher productivity in industrial operations, industrial automation is rapidly becoming a necessity all over the world. The adoption of robotics systems and other automated solutions is making it possible for industries to achieve higher productivity and augment their revenue generation. As stepper motors are extensively used in robotics systems, the growing usage of industrial robots is massively pushing up the requirement for stepper motors across the world.

Besides reducing the dependency on human workers and thus mitigating the possibility of errors in various factory operations, industrial robots also provide personal assistance to the workers on the floor, which helps in increasing the overall productivity. Moreover, these robots are also used as autonomous vehicles which boosts the speed and efficiency of warehouse and logistics operations. Apart from being required in industrial robots, stepper motors are also used in various electronics applications such as sensing and position control.

Read More: Stepper Motor Market Demand

Miniature stepper motors, which are basically low-power stepper motors, are used in these electronics applications. The small size of these motors makes them ideal for use in a plethora of compact and small-sized electronic devices such as lenses and digital cameras. Additionally, these motors are heavily used in electronic toys and computer peripherals. The ballooning usage of these motors in various electronic systems is boosting their sales, which is, in turn, causing the surge of the global stepper motor market.

As a result, the market is predicted to grow, in revenue generation, from $2.5 billion to $3.7 billion from 2019 to 2030. Further, the market will progress at a CAGR of 3.4% from 2020 to 2030, according to the forecast of P&S Intelligence, a market research company. Permanent-magnet, variable-reluctance, and hybrid are the main types of stepper motors used all over the world. Amongst these, the usage of hybrid motors was observed to be the highest in the past years.

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Demand for Solar Street Lighting Systems Set to Skyrocket in Asia-Pacific in Near Future

 

The rapidly declining prices of solar lighting systems is one of the major factors fueling the sales of solar street lighting systems across the world. As per a National Renewable Energy Laboratory (NREL) report, there was a massive decline in the prices of solar panels, that is, from $10 / W to nearly $2 / W from 1980 to 2010. This represented a reduction of as much as 80% over the 30-year period. 

Moreover, the prices further fell from $0.70 / W in 2015 to $0.35 / W in 2019, registering a decline of 50% during that period. The decline in the costs of these panels is positively impacting their sales across the world. Besides this factor, the rapid development of smart cities in various countries such as India, China, Saudi Arabia, South Korea, and the U.S. is also fueling the demand for solar street lighting systems across the world. 

Get More Insights: Solar Street Lighting Market Segmentation Analysis Report

China has invested heavily in these smart city development projects. The completion of these projects will propel the sales of solar street lighting systems, which will, in turn, fuel the expansion of the global solar street lighting market. Apart from this, solar street lighting systems are also being heavily used as reliable light sources in remote areas. Due to their lower operation and maintenance costs, these systems are being heavily used for providing proper lighting in remote areas. 

Because of the above-mentioned factors, the demand for solar street lighting systems is surging sharply, thereby propelling the advancement of the solar street lighting market. As a result, the value of the market is predicted to grow from $5.7 billion in 2019 to $14.6 billion by 2030. Furthermore, the market is predicted to advance at a CAGR of 9.4% between 2020 and 2030. Depending on structure type, the market is divided into standalone, portable, and centralized categories.

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Demand for Solar Street Lighting Systems Set to Skyrocket in Asia-Pacific in Near Future

 

The rapidly declining prices of solar lighting systems is one of the major factors fueling the sales of solar street lighting systems across the world. As per a National Renewable Energy Laboratory (NREL) report, there was a massive decline in the prices of solar panels, that is, from $10 / W to nearly $2 / W from 1980 to 2010. This represented a reduction of as much as 80% over the 30-year period. 

Moreover, the prices further fell from $0.70 / W in 2015 to $0.35 / W in 2019, registering a decline of 50% during that period. The decline in the costs of these panels is positively impacting their sales across the world. Besides this factor, the rapid development of smart cities in various countries such as India, China, Saudi Arabia, South Korea, and the U.S. is also fueling the demand for solar street lighting systems across the world. 

Get More Insights: Solar Street Lighting Market Segmentation Analysis Report

China has invested heavily in these smart city development projects. The completion of these projects will propel the sales of solar street lighting systems, which will, in turn, fuel the expansion of the global solar street lighting market. Apart from this, solar street lighting systems are also being heavily used as reliable light sources in remote areas. Due to their lower operation and maintenance costs, these systems are being heavily used for providing proper lighting in remote areas. 

Because of the above-mentioned factors, the demand for solar street lighting systems is surging sharply, thereby propelling the advancement of the solar street lighting market. As a result, the value of the market is predicted to grow from $5.7 billion in 2019 to $14.6 billion by 2030. Furthermore, the market is predicted to advance at a CAGR of 9.4% between 2020 and 2030. Depending on structure type, the market is divided into standalone, portable, and centralized categories.

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Demand for Physical Security Systems Set to Soar in India and China in Future

 With the sharp rise in terrorism and security concerns, the demand for physical security solutions is growing rapidly in the Asia-Pacific (APAC) region. Moreover, the increasing security concerns are making various regional countries such as China, India, Vietnam, Indonesia, and Singapore deploy physical security devices and equipment, especially video surveillance systems. There were over 300 terrorist attacks in APAC between 2012 and 2018, with Afghanistan and Pakistan reporting the highest number of terrorist attacks in the region during that period. 

Besides the increasing threat of terrorist attacks, the rising prevalence of crimes is also propelling the demand for physical security systems in the APAC region. For example, in China, there were 39,230 robberies, 3,459,742 thefts, and 7,990 homicide cases reported in 2017. Similarly, Malaysia witnessed 379 homicide cases, 42,160 vehicle thefts, 16,200 house break-ins and thefts, and 14,128 robberies in 2017. On the other hand, in Australia, there were 679 homicides, 41,669 thefts, and 3,796 robberies reported in 2018.

Get More Insights: Asia-Pacific Physical Security Market Segmentation Analysis Report

Apart from the aforementioned factors, the rapid launch of several smart city development projects is also propelling the sales of physical security systems in APAC. In APAC, there are various infrastructural development projects in the pipeline currently. For example, nearly 500 smart city pilot projects are currently in the pipeline in China. Moreover, the country launched the national smart city development plan in 2012 for building smart cities equipped with well-developed infrastructure and transportation systems. 

Due to the above-mentioned factors, the sales of physical security systems are surging sharply in the Asia-Pacific (APAC) region. This is, in turn, driving the advancement of the APAC physical security market. As a result, the valuation of the market is predicted to grow from $26.3 billion in 2018 to $57.9 billion by 2024. Furthermore, the market is predicted to advance at a CAGR of 14.3% between 2019 and 2024. 

Depending on type, the APAC physical security market is classified into software and hardware. The software category is further divided into access control management, video analytics, physical security information management, video management software (VMS), and others that include intrusion prevention software and motion detection software. Out of these, the VMS category had the highest market share during the past few years. VMS allows the unification of camera views all over the property.

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Demand for Physical Security Systems Set to Soar in India and China in Future

 With the sharp rise in terrorism and security concerns, the demand for physical security solutions is growing rapidly in the Asia-Pacific (APAC) region. Moreover, the increasing security concerns are making various regional countries such as China, India, Vietnam, Indonesia, and Singapore deploy physical security devices and equipment, especially video surveillance systems. There were over 300 terrorist attacks in APAC between 2012 and 2018, with Afghanistan and Pakistan reporting the highest number of terrorist attacks in the region during that period. 

Besides the increasing threat of terrorist attacks, the rising prevalence of crimes is also propelling the demand for physical security systems in the APAC region. For example, in China, there were 39,230 robberies, 3,459,742 thefts, and 7,990 homicide cases reported in 2017. Similarly, Malaysia witnessed 379 homicide cases, 42,160 vehicle thefts, 16,200 house break-ins and thefts, and 14,128 robberies in 2017. On the other hand, in Australia, there were 679 homicides, 41,669 thefts, and 3,796 robberies reported in 2018.

Get More Insights: Asia-Pacific Physical Security Market Segmentation Analysis Report

Apart from the aforementioned factors, the rapid launch of several smart city development projects is also propelling the sales of physical security systems in APAC. In APAC, there are various infrastructural development projects in the pipeline currently. For example, nearly 500 smart city pilot projects are currently in the pipeline in China. Moreover, the country launched the national smart city development plan in 2012 for building smart cities equipped with well-developed infrastructure and transportation systems. 

Due to the above-mentioned factors, the sales of physical security systems are surging sharply in the Asia-Pacific (APAC) region. This is, in turn, driving the advancement of the APAC physical security market. As a result, the valuation of the market is predicted to grow from $26.3 billion in 2018 to $57.9 billion by 2024. Furthermore, the market is predicted to advance at a CAGR of 14.3% between 2019 and 2024. 

Depending on type, the APAC physical security market is classified into software and hardware. The software category is further divided into access control management, video analytics, physical security information management, video management software (VMS), and others that include intrusion prevention software and motion detection software. Out of these, the VMS category had the highest market share during the past few years. VMS allows the unification of camera views all over the property.

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Demand for Autonomous Mobile Robots Growing in Asia-Pacific due to Expanding E-Commerce Industry

 Industrial processes these days have become increasingly complex, along with which, the labor cost is increasing across the globe. In addition to this, the need for increasing productivity in manufacturing facilities has grown substantially as well due to the surging population. Because of these factors, the demand for automated solutions has risen in the industrial sector, which, in turn, is driving the demand for autonomous mobile robots (AMR). 

Robots that can understand and operate in their environment without the presence of an operator are referred to as AMRs. These robots are integrated with a number of sophisticated sensors which allow them to interpret and understand their environment. It is because of these sensors that AMRs are able to perform their tasks in an efficient manner by navigating around different kinds of variable and fixed obstructions. AMRs are flexible robots that find the most efficient route for achieving a task.  

Get More Insights: Autonomous Mobile Robots Market Segmentation Analysis Report

The global AMRs market is predicted to reach a value of $220.6 billion by 2030, increasing from $29.3 billion in 2019, progressing at an 18.3% CAGR during the forecast period (2020–2030), as per a study conducted by P&S Intelligence. The major offerings of the AMR technology are service, software, and robotic system, out of which, the demand for services has been the highest up till now. Other than this, the demand for robotic systems is also predicted to rise significantly in the years to come. 

Different types of robotic systems are humanoid, unmanned maritime vehicle (UMV), unmanned aerial vehicle, and unmanned ground vehicle (UGV). Among these, the demand for UGVs was the highest in 2019, owing to the increasing deployment of these robots for field expedition and logistics applications. UGVs are deployed for automating the process of storage and placement of products in storage facilities and warehouses in the logistics sector. These robots are easy to control and can work for longer hours than manual labor, thereby leading to improved productivity. 

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Demand for Autonomous Mobile Robots Growing in Asia-Pacific due to Expanding E-Commerce Industry

 Industrial processes these days have become increasingly complex, along with which, the labor cost is increasing across the globe. In addition to this, the need for increasing productivity in manufacturing facilities has grown substantially as well due to the surging population. Because of these factors, the demand for automated solutions has risen in the industrial sector, which, in turn, is driving the demand for autonomous mobile robots (AMR). 

Robots that can understand and operate in their environment without the presence of an operator are referred to as AMRs. These robots are integrated with a number of sophisticated sensors which allow them to interpret and understand their environment. It is because of these sensors that AMRs are able to perform their tasks in an efficient manner by navigating around different kinds of variable and fixed obstructions. AMRs are flexible robots that find the most efficient route for achieving a task.  

Get More Insights: Autonomous Mobile Robots Market Segmentation Analysis Report

The global AMRs market is predicted to reach a value of $220.6 billion by 2030, increasing from $29.3 billion in 2019, progressing at an 18.3% CAGR during the forecast period (2020–2030), as per a study conducted by P&S Intelligence. The major offerings of the AMR technology are service, software, and robotic system, out of which, the demand for services has been the highest up till now. Other than this, the demand for robotic systems is also predicted to rise significantly in the years to come. 

Different types of robotic systems are humanoid, unmanned maritime vehicle (UMV), unmanned aerial vehicle, and unmanned ground vehicle (UGV). Among these, the demand for UGVs was the highest in 2019, owing to the increasing deployment of these robots for field expedition and logistics applications. UGVs are deployed for automating the process of storage and placement of products in storage facilities and warehouses in the logistics sector. These robots are easy to control and can work for longer hours than manual labor, thereby leading to improved productivity. 

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Massive Surge Predicted in Commercial Refrigeration Equipment Sales in Future

 

The increasing consumption of ready-to-eat food items has massively bolstered the demand for commercial refrigeration systems and equipment across the world. Moreover, owing to the surging disposable income, the people of many countries, particularly those in the eastern part of the world, are increasingly demanding various ready-to-eat food items. In addition to this, the changing food preferences of people and the rising influence of western lifestyles are causing the development of numerous hypermarkets, fast food and restaurant chains, and supermarkets selling ready-to-eat food products. 

The rapid development of such food outlets and the upgradation of small restaurants and grocery stores are bolstering the sales of commercial refrigeration systems as these systems are heavily required in these stores. Furthermore, the development of organized food retail chains and the growing popularity of e-commerce are boosting the need for food storage, which is, in turn, fueling the usage of large refrigeration systems. The increasing population in several countries is massively propelling the demand for food products, which is subsequently leading to a sharp rise in the sales of refrigeration systems across the world. 

Read More: Commercial Refrigeration Equipment Market Size

Because of the above-mentioned reasons, the global commercial refrigeration equipment market is predicted to register explosive growth in the future years. Walk-in coolers, beverage refrigeration equipment, ice merchandisers and ice vending equipment, and display showcases are the most widely used types of refrigeration systems around the world. Amongst these, the sales of the walk-in coolers were recorded to be very high during the last few years. This is ascribed to the burgeoning customer requirement for walk-in coolers. Moreover, the walk-in coolers manufacturing companies are increasingly focusing on R&D (research and development) activities for developing refrigerants having low-global-warming-potential (GWP).

These systems are commonly available in supermarkets/hypermarkets and specialty stores and can also be bought through various online platforms. Due to the rising internet penetration and the increasing usage of smartphones, the sales of refrigeration equipment will increase sharply via the online platforms. In addition to this, the e-commerce companies allow the buyers to view the various specifications of the products before buying them and also offer them discounts, which make the online platforms very popular amongst shoppers. 

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Massive Surge Predicted in Commercial Refrigeration Equipment Sales in Future

 

The increasing consumption of ready-to-eat food items has massively bolstered the demand for commercial refrigeration systems and equipment across the world. Moreover, owing to the surging disposable income, the people of many countries, particularly those in the eastern part of the world, are increasingly demanding various ready-to-eat food items. In addition to this, the changing food preferences of people and the rising influence of western lifestyles are causing the development of numerous hypermarkets, fast food and restaurant chains, and supermarkets selling ready-to-eat food products. 

The rapid development of such food outlets and the upgradation of small restaurants and grocery stores are bolstering the sales of commercial refrigeration systems as these systems are heavily required in these stores. Furthermore, the development of organized food retail chains and the growing popularity of e-commerce are boosting the need for food storage, which is, in turn, fueling the usage of large refrigeration systems. The increasing population in several countries is massively propelling the demand for food products, which is subsequently leading to a sharp rise in the sales of refrigeration systems across the world. 

Read More: Commercial Refrigeration Equipment Market Size

Because of the above-mentioned reasons, the global commercial refrigeration equipment market is predicted to register explosive growth in the future years. Walk-in coolers, beverage refrigeration equipment, ice merchandisers and ice vending equipment, and display showcases are the most widely used types of refrigeration systems around the world. Amongst these, the sales of the walk-in coolers were recorded to be very high during the last few years. This is ascribed to the burgeoning customer requirement for walk-in coolers. Moreover, the walk-in coolers manufacturing companies are increasingly focusing on R&D (research and development) activities for developing refrigerants having low-global-warming-potential (GWP).

These systems are commonly available in supermarkets/hypermarkets and specialty stores and can also be bought through various online platforms. Due to the rising internet penetration and the increasing usage of smartphones, the sales of refrigeration equipment will increase sharply via the online platforms. In addition to this, the e-commerce companies allow the buyers to view the various specifications of the products before buying them and also offer them discounts, which make the online platforms very popular amongst shoppers. 

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Grow Lights Instrumental in Leading Indoor Farming Revolution

The trend of indoor farming is picking up as it can protect crops from natural forces, such as too much rain, drought, hail and snow, too much sunlight, and pests and rodents. This is becoming important in a time when the weather patterns are becoming increasingly erratic. Now, incessant or no rain, extended droughts and periods of dryness, and sudden hail are becoming common. Such events destroy crops growing in the open, which leads to revenue loss for farmers and reduced food supply for the millions of people on the earth.

Thus, the growing trend of indoor farming will drive the grow lights market to $5,954.1 million by 2023 from $2,653.2 million in 2016, at a 12.5% CAGR between 2017 and 2023, as per P&S Intelligence. This will be because being farmed indoors, plants need to be provided with artificial light in order to carry out photosynthesis. Hence, the role of the natural sunlight is taken over by modern lights, the color and intensity of which can be controlled based on the crop type and stage of growth.

In this regard, the burgeoning population is playing a key role in the rising sale of such products. Farmers are already finding it hard to feed people from the land they own, and the population growth predicted over the years is only going to make this situation worse. Moreover, with the increasing number of people, cities are expanding, which is eating into arable land, thus putting the agrarian community under added pressure. This is the key reason that in many parts of the world, indoor farming is being practiced in large warehouses, buildings, and even shipping containers.

Read Full Report: Grow Lights Market Trends

However, this approach significantly increases the capital and operational expenditure. This is because specialized equipment, such as grow lights, needs to be procured, maintained, and regularly replaced. This is why among the different types of lights available for the purpose — fluorescent, high-intensity discharge, induction, light-emitting diode (LED), and plasma — LED lights have been the most popular till now and they will continue being so in the coming years. “Residential LEDs -- especially ENERGY STAR rated products -- use at least 75% less energy, and last up to 25 times longer, than incandescent lighting.”, says the U.S. Department of Energy.

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Grow Lights Instrumental in Leading Indoor Farming Revolution

The trend of indoor farming is picking up as it can protect crops from natural forces, such as too much rain, drought, hail and snow, too much sunlight, and pests and rodents. This is becoming important in a time when the weather patterns are becoming increasingly erratic. Now, incessant or no rain, extended droughts and periods of dryness, and sudden hail are becoming common. Such events destroy crops growing in the open, which leads to revenue loss for farmers and reduced food supply for the millions of people on the earth.

Thus, the growing trend of indoor farming will drive the grow lights market to $5,954.1 million by 2023 from $2,653.2 million in 2016, at a 12.5% CAGR between 2017 and 2023, as per P&S Intelligence. This will be because being farmed indoors, plants need to be provided with artificial light in order to carry out photosynthesis. Hence, the role of the natural sunlight is taken over by modern lights, the color and intensity of which can be controlled based on the crop type and stage of growth.

In this regard, the burgeoning population is playing a key role in the rising sale of such products. Farmers are already finding it hard to feed people from the land they own, and the population growth predicted over the years is only going to make this situation worse. Moreover, with the increasing number of people, cities are expanding, which is eating into arable land, thus putting the agrarian community under added pressure. This is the key reason that in many parts of the world, indoor farming is being practiced in large warehouses, buildings, and even shipping containers.

Read Full Report: Grow Lights Market Trends

However, this approach significantly increases the capital and operational expenditure. This is because specialized equipment, such as grow lights, needs to be procured, maintained, and regularly replaced. This is why among the different types of lights available for the purpose — fluorescent, high-intensity discharge, induction, light-emitting diode (LED), and plasma — LED lights have been the most popular till now and they will continue being so in the coming years. “Residential LEDs -- especially ENERGY STAR rated products -- use at least 75% less energy, and last up to 25 times longer, than incandescent lighting.”, says the U.S. Department of Energy.

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Government Regulations on Energy Conservation To Encourage High-Power LED Lights Use

 

The U.S. Department of Energy has enacted the appliance/lighting efficiency standards under its Energy Independence and Security Act of 2007 (EISA) to steer the country toward greater energy security and independence. The EISA encourages the adoption of light emitting diodes (LEDs) to reduce energy consumption by around 25%. Such regulations, which aim at curtailing energy consumption, are expected to augment the adoption of high-power LEDs in the forthcoming years. In comparison to conventional lights, these lights work for longer hours at lower maintenance costs. 

Moreover, the upcoming sports events, such as the 2022 Winter Olympics, 2023 ICC Cricket World Cup, and 2022 FIFA World Cup, will also help the high-power LED market to grow at a CAGR of 5.3% during the forecast period (2019–2024). According to P&S Intelligence, the market was valued at $12,647.2 million in 2018, and it will generate $17,581.5 million revenue by 2024. Stadiums and other sports venues are deploying LED-based floodlights and other lighting systems, due to their high durability and energy efficiency. 

Read More: High Power LED Market Demand

High power LED lights can be used in automotive, general lighting, ultraviolet (UV) LEDs, backlighting, signs and signals, infrared emitter, and camera flash lighting applications. In the preceding years, the maximum quantity of high-power LED lights were used for general lighting applications due to the increasing deployment of downlights, spotlights, area lights, tunnel lights, and industrial lights. In the coming years, a considerable quantity of high-power LED lights will be used in backlighting applications such as portable appliances, gaming, and channel letter lighting.  

The wattage segment of the high-power LED market is categorized into >10 W, 5–10 W, 3–4.9 W, and 1–2.9 W. Among these, the 3–4.9 W category generated the highest revenue in 2018, due to the large-scale adoption of 3–4.9 W high-power LED lights in sign and signal, general lighting, and automotive applications. Additionally, the increasing installation of these lights in outdoor and indoor lighting systems in residential, commercial, and industrial structures will fuel the dominance of this category during the forecast period. 

At present, leading manufacturers of high-power LED lights of varying wattage are Lumileds Holding B.V., Nichia Corporation, and Osram Licht AG. Nowadays, these companies are focusing on product launches to encourage the adoption of their LED lighting systems. For example, in May 2019, Lumileds Holding B.V. launched the LUXEON COB with CrispWhite technology and the LUXEON COB Core Range, which are two new additions to its LUXEON chip on board (COB) LED family. These new products can deliver a minimum of 95 color rendering index (CRI) for retail and indoor lighting applications. 

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Government Regulations on Energy Conservation To Encourage High-Power LED Lights Use

 

The U.S. Department of Energy has enacted the appliance/lighting efficiency standards under its Energy Independence and Security Act of 2007 (EISA) to steer the country toward greater energy security and independence. The EISA encourages the adoption of light emitting diodes (LEDs) to reduce energy consumption by around 25%. Such regulations, which aim at curtailing energy consumption, are expected to augment the adoption of high-power LEDs in the forthcoming years. In comparison to conventional lights, these lights work for longer hours at lower maintenance costs. 

Moreover, the upcoming sports events, such as the 2022 Winter Olympics, 2023 ICC Cricket World Cup, and 2022 FIFA World Cup, will also help the high-power LED market to grow at a CAGR of 5.3% during the forecast period (2019–2024). According to P&S Intelligence, the market was valued at $12,647.2 million in 2018, and it will generate $17,581.5 million revenue by 2024. Stadiums and other sports venues are deploying LED-based floodlights and other lighting systems, due to their high durability and energy efficiency. 

Read More: High Power LED Market Demand

High power LED lights can be used in automotive, general lighting, ultraviolet (UV) LEDs, backlighting, signs and signals, infrared emitter, and camera flash lighting applications. In the preceding years, the maximum quantity of high-power LED lights were used for general lighting applications due to the increasing deployment of downlights, spotlights, area lights, tunnel lights, and industrial lights. In the coming years, a considerable quantity of high-power LED lights will be used in backlighting applications such as portable appliances, gaming, and channel letter lighting.  

The wattage segment of the high-power LED market is categorized into >10 W, 5–10 W, 3–4.9 W, and 1–2.9 W. Among these, the 3–4.9 W category generated the highest revenue in 2018, due to the large-scale adoption of 3–4.9 W high-power LED lights in sign and signal, general lighting, and automotive applications. Additionally, the increasing installation of these lights in outdoor and indoor lighting systems in residential, commercial, and industrial structures will fuel the dominance of this category during the forecast period. 

At present, leading manufacturers of high-power LED lights of varying wattage are Lumileds Holding B.V., Nichia Corporation, and Osram Licht AG. Nowadays, these companies are focusing on product launches to encourage the adoption of their LED lighting systems. For example, in May 2019, Lumileds Holding B.V. launched the LUXEON COB with CrispWhite technology and the LUXEON COB Core Range, which are two new additions to its LUXEON chip on board (COB) LED family. These new products can deliver a minimum of 95 color rendering index (CRI) for retail and indoor lighting applications. 

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Why will U.A.E. Heating Equipment Market Boom in Dubai in Coming Years?

 

The U.A.E. heating equipment market reached a valuation of $89.5 million in 2019 and is predicted to register a CAGR of 2.9% between 2020 and 2030. Furthermore, the market will generate $121.4 million revenue by 2030, as per the estimates of P&S Intelligence, a market research firm based in India. The prominent factors fueling the boom of the market are the burgeoning requirement for heating devices in the hospitality industry and the soaring construction activities in the country.

The rapid advancement of the hospitality domain, on account of the surging tourism activities, is a major factor propelling the growth of the U.A.E. heating equipment market. According to reports, the travel and tourism sector is predicted to grow to $116.1 billion valuation by 2027. Furthermore, the country has launched several projects for attracting 20 million travelers to Dubai every year by 2020 and as many as 10 million tourists to Sharjah annually by 2021.

This is boosting the construction of hotels in the country, which is, consequently fueling the surge in the sales of heating devices. This is because these equipment are used heavily in hotels and resorts. Based on type, the U.A.E. heating equipment market is divided into heat pumps, furnaces, boilers, and unitary heaters. Out of these, the heat pump category is predicted to register the fastest growth in the market in the future years. 

This is ascribed to the fact that heat pumps have greater cost-effectiveness than furnaces and boilers. The market is also classified, on the basis of end user, into commercial, residential, and industrial. Amongst these, the commercial category registered the highest growth in the market in the past years. This was because of the presence of several hotels & restaurants, healthcare facilities, commercial offices and buildings, and other commercial establishments in the country. 

During the last few years, the market recorded the highest growth in Dubai, on account of the fact that the city was the most densely populated metropolis and the financial hub of the country. Moreover, the industry would register huge growth in the city in the forthcoming years as well, due to the increasing tourism activities and several major international events being announced there such as the Dubai Expo 2020.

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Why will U.A.E. Heating Equipment Market Boom in Dubai in Coming Years?

 

The U.A.E. heating equipment market reached a valuation of $89.5 million in 2019 and is predicted to register a CAGR of 2.9% between 2020 and 2030. Furthermore, the market will generate $121.4 million revenue by 2030, as per the estimates of P&S Intelligence, a market research firm based in India. The prominent factors fueling the boom of the market are the burgeoning requirement for heating devices in the hospitality industry and the soaring construction activities in the country.

The rapid advancement of the hospitality domain, on account of the surging tourism activities, is a major factor propelling the growth of the U.A.E. heating equipment market. According to reports, the travel and tourism sector is predicted to grow to $116.1 billion valuation by 2027. Furthermore, the country has launched several projects for attracting 20 million travelers to Dubai every year by 2020 and as many as 10 million tourists to Sharjah annually by 2021.

This is boosting the construction of hotels in the country, which is, consequently fueling the surge in the sales of heating devices. This is because these equipment are used heavily in hotels and resorts. Based on type, the U.A.E. heating equipment market is divided into heat pumps, furnaces, boilers, and unitary heaters. Out of these, the heat pump category is predicted to register the fastest growth in the market in the future years. 

This is ascribed to the fact that heat pumps have greater cost-effectiveness than furnaces and boilers. The market is also classified, on the basis of end user, into commercial, residential, and industrial. Amongst these, the commercial category registered the highest growth in the market in the past years. This was because of the presence of several hotels & restaurants, healthcare facilities, commercial offices and buildings, and other commercial establishments in the country. 

During the last few years, the market recorded the highest growth in Dubai, on account of the fact that the city was the most densely populated metropolis and the financial hub of the country. Moreover, the industry would register huge growth in the city in the forthcoming years as well, due to the increasing tourism activities and several major international events being announced there such as the Dubai Expo 2020.

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Growing Incidence of Road Accidents Fueling Demand for Tunnel Automation

The growing requirement for greater road safety, owing to the rising incidence of road accidents, is encouraging the governments of several countries to make huge investments in advanced technologies, such as tunnel automation, for improving surveillance, security, lighting, air conditioning, ventilation, and various other facilities. According to the World Health Organization (WHO), around 1.3 million lives are lost every year because of road accidents. Furthermore, the organization reported that road accidents cost several countries as much as 3% of their gross domestic product (GDP). 

Apart from the aforementioned factor, the increasing incorporation of cloud and internet of things (IoT)-based technologies in tunnels is also propelling the tunnel automation market to new heights. Tunnel automation systems are being increasingly incorporated with innovative technologies, such as cloud computing, data analytics, and the IoT, that provide an edge over manual management methods. Data may be transferred and shared between various communication systems and devices, such as lighting systems, sensors, and thermostats. 

The data gathered from these devices is used for improving the efficiency of tunnels. Besides these factors, the surging number of tunnel construction projects in several countries is also expected to propel the revenue of the global tunnel automation market, which stood at $3.5 billion in 2020. Depending on tunnel type, the market is divided into highway and roadway tunnels and railway tunnels. Between these, the railway tunnels category contributed higher revenue to the market in 2020. This was because of the various benefits of railway tunnel automation solutions, such as reduced security and safety issues and improved efficiency of operations.

Additionally, signalization, ventilation, lighting and power supply, fire and safety, communication, and air conditioning systems are some of the major components of railway automation that improve the functioning of tunnels. Out of these, the demand for heating, ventilation, and air conditioning (HVAC) systems was observed to be the highest in the past, and the adoption of these systems will rise rapidly in the forthcoming years as well. This will be because of the requirement for proper ventilation of heat and harmful gases emitted by trains and automobiles passing through the tunnels.

Around the world, Europe is predicted to contribute the highest revenue to the tunnel automation market in the forthcoming years, as per the estimates of the market research company, P&S Intelligence. This is credited to the launch of various projects and initiatives by several governments for optimizing transportation systems, the existence of mountain ranges, growing prevalence of road accidents, soaring requirement for public transportation systems, and rising public awareness about the importance of rail and road safety in the region.

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Growing Incidence of Road Accidents Fueling Demand for Tunnel Automation

The growing requirement for greater road safety, owing to the rising incidence of road accidents, is encouraging the governments of several countries to make huge investments in advanced technologies, such as tunnel automation, for improving surveillance, security, lighting, air conditioning, ventilation, and various other facilities. According to the World Health Organization (WHO), around 1.3 million lives are lost every year because of road accidents. Furthermore, the organization reported that road accidents cost several countries as much as 3% of their gross domestic product (GDP). 

Apart from the aforementioned factor, the increasing incorporation of cloud and internet of things (IoT)-based technologies in tunnels is also propelling the tunnel automation market to new heights. Tunnel automation systems are being increasingly incorporated with innovative technologies, such as cloud computing, data analytics, and the IoT, that provide an edge over manual management methods. Data may be transferred and shared between various communication systems and devices, such as lighting systems, sensors, and thermostats. 

The data gathered from these devices is used for improving the efficiency of tunnels. Besides these factors, the surging number of tunnel construction projects in several countries is also expected to propel the revenue of the global tunnel automation market, which stood at $3.5 billion in 2020. Depending on tunnel type, the market is divided into highway and roadway tunnels and railway tunnels. Between these, the railway tunnels category contributed higher revenue to the market in 2020. This was because of the various benefits of railway tunnel automation solutions, such as reduced security and safety issues and improved efficiency of operations.

Additionally, signalization, ventilation, lighting and power supply, fire and safety, communication, and air conditioning systems are some of the major components of railway automation that improve the functioning of tunnels. Out of these, the demand for heating, ventilation, and air conditioning (HVAC) systems was observed to be the highest in the past, and the adoption of these systems will rise rapidly in the forthcoming years as well. This will be because of the requirement for proper ventilation of heat and harmful gases emitted by trains and automobiles passing through the tunnels.

Around the world, Europe is predicted to contribute the highest revenue to the tunnel automation market in the forthcoming years, as per the estimates of the market research company, P&S Intelligence. This is credited to the launch of various projects and initiatives by several governments for optimizing transportation systems, the existence of mountain ranges, growing prevalence of road accidents, soaring requirement for public transportation systems, and rising public awareness about the importance of rail and road safety in the region.

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Why Are Governments Encouraging Installation of Smart HVAC Systems?

 The construction sector of India, the U.S., Qatar, Saudi Arabia, and the U.A.E. is witnessing significant growth due to the soaring number of tourists and upcoming events, such as the FIFA World Cup 2022 and Dubai Expo 2020. To accommodate the rising number of tourists, sportspersons, and officials from around the world, these countries are focusing on the construction of hotels, restaurants, shopping complexes, airports, and skyscrapers at war footing. These facilities require heating, ventilation, and air conditioning (HVAC) equipment to offer comfort to customers.

Moreover, the surging number of government initiatives to replace old HVAC systems with energy-efficient variants will aid the HVAC market in exhibiting a CAGR of 4.8% during 2020–2030. The market was valued at $240.8 billion in 2019, and it is expected to generate $358.1 billion in 2030. For instance, the Ministry of Power, under the government of India, introduced the 'Eco-Niwas Samhita 2018', an Energy Conservation Building Code for Residential Buildings (ECBC-R), in December 2018. The code aims to limit heat loss and gain in residential and mixed-land-use buildings built on a plot area of ≥500 m2.

Additionally, even customers are showing a high preference for smart HVAC systems due to the mounting awareness about energy conservation and sustainable development. These solutions consist of intelligent thermostats, better controls, and advanced monitoring systems. In comparison to conventional HVAC models, the smart variants offer better temperature variability, produce lower noise, and generate cleaner air. Furthermore, these systems allow users to monitor their performance in real-time, thus making predictive maintenance possible, before any actual malfunctioning occurs.

Heating equipment, such as furnaces, unitary heaters, boilers, and heat pumps, and air conditioning equipment, such as chillers, room ACs, ducted split/packaged units, and variable refrigerant flow (VRF) systems, are being installed in residential, commercial, and industrial facilities across the world. Additionally, end users are installing humidifiers/dehumidifiers, ventilation fans, air cleaners, and air handling and fan coil units for ventilation purposes. In recent years, commercial structures have emerged as the largest user of such equipment due to the flourishing hospitality sector and soaring number of buildings and offices worldwide.

In recent years, HVAC equipment and service companies have been increasingly engaging in research and development (R&D) to offer more advanced HVAC systems. For instance, in November 2019, Danfoss A/S introduced six new refrigeration and AC components and systems for India. The new product portfolio includes Danfoss Intelligent Purging System (IPS)/air purger, Danfoss plate heat exchanger, Danfoss gas detector, ICSH 2-step solenoid valve, IFCD defrost module, and EKE 400. Likewise, in February 2020, Annexair Inc. introduced an eco-friendly biocomposite-based ventilation system constructed with recycled plastic bottles.

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Why Are Governments Encouraging Installation of Smart HVAC Systems?

 The construction sector of India, the U.S., Qatar, Saudi Arabia, and the U.A.E. is witnessing significant growth due to the soaring number of tourists and upcoming events, such as the FIFA World Cup 2022 and Dubai Expo 2020. To accommodate the rising number of tourists, sportspersons, and officials from around the world, these countries are focusing on the construction of hotels, restaurants, shopping complexes, airports, and skyscrapers at war footing. These facilities require heating, ventilation, and air conditioning (HVAC) equipment to offer comfort to customers.

Moreover, the surging number of government initiatives to replace old HVAC systems with energy-efficient variants will aid the HVAC market in exhibiting a CAGR of 4.8% during 2020–2030. The market was valued at $240.8 billion in 2019, and it is expected to generate $358.1 billion in 2030. For instance, the Ministry of Power, under the government of India, introduced the 'Eco-Niwas Samhita 2018', an Energy Conservation Building Code for Residential Buildings (ECBC-R), in December 2018. The code aims to limit heat loss and gain in residential and mixed-land-use buildings built on a plot area of ≥500 m2.

Additionally, even customers are showing a high preference for smart HVAC systems due to the mounting awareness about energy conservation and sustainable development. These solutions consist of intelligent thermostats, better controls, and advanced monitoring systems. In comparison to conventional HVAC models, the smart variants offer better temperature variability, produce lower noise, and generate cleaner air. Furthermore, these systems allow users to monitor their performance in real-time, thus making predictive maintenance possible, before any actual malfunctioning occurs.

Heating equipment, such as furnaces, unitary heaters, boilers, and heat pumps, and air conditioning equipment, such as chillers, room ACs, ducted split/packaged units, and variable refrigerant flow (VRF) systems, are being installed in residential, commercial, and industrial facilities across the world. Additionally, end users are installing humidifiers/dehumidifiers, ventilation fans, air cleaners, and air handling and fan coil units for ventilation purposes. In recent years, commercial structures have emerged as the largest user of such equipment due to the flourishing hospitality sector and soaring number of buildings and offices worldwide.

In recent years, HVAC equipment and service companies have been increasingly engaging in research and development (R&D) to offer more advanced HVAC systems. For instance, in November 2019, Danfoss A/S introduced six new refrigeration and AC components and systems for India. The new product portfolio includes Danfoss Intelligent Purging System (IPS)/air purger, Danfoss plate heat exchanger, Danfoss gas detector, ICSH 2-step solenoid valve, IFCD defrost module, and EKE 400. Likewise, in February 2020, Annexair Inc. introduced an eco-friendly biocomposite-based ventilation system constructed with recycled plastic bottles.

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