Global Electromechanical Relay Market: Overview

Global Electromechanical Relay market is anticipated to worth USD 6182.1 million by 2019, with a CAGR of 3.52% during 2019-2025. An electromechanical relay, simply, is a switch. Electromechanical Relay is an electrically operated switch that completes or interrupts a circuit by physical movement of electrical contacts into contact with each other. Relays are electrical parts that are used when a low-power signal is needed in order to control a circuit, or when a number of circuits need to be controlled by one signal.

It is used to isolate circuits or batteries, detect faults on transmission and distribution lines, and control a high powered circuit using a low power signal. The increment in global energy prices is vital factors expected to encourage the growth of the global Electromechanical Relay market in the upcoming period.  

In addition, major benefits of electromechanical relays such as low cost, dependability, less power consumption, and easy maintenance are other factors estimated to accelerate the growth of the market in the next few years.  Moreover, growing demand of electromechanical relays in power supply switching for electronics devices like TVs and set-top boxes, factory automation, and HVAC temperature controllers will fuel the growth of Electromechanical Relay market in the forecast period. Also, the growing population and emerging economy coupled with increased consumption of various utensils made of the electromechanical relay will contribute to the growth of Electromechanical Relay market in upcoming periods.

Furthermore, the upsurge in prices of consumer electronics coupled with Electromechanical relays features such as lower power consumption for reducing power demand, extended switching operation life, and higher consistency over product life will bolster the Electromechanical Relay market in the forecast period. 

Electromechanical Relay Product...

Global Sulfuric Acid Market: Overview

Global Sulfuric Acid market is anticipated to worth USD 12.31 billion by 2025, with a CAGR of 3.17% during 2019-2025. Sulfuric acid is a strong mineral acid denoted by the molecular formula H2SO4. Continuous and stable demand for sulfuric acid due to several end-user applications and rising demand from the oil & gas industry, wastewater treatment are the factors favoring the market growth.

Fertilizers are now an integral part of agriculture and provide the soil with nutrients like potassium, phosphate, and nitrogen. Growing concerns about high crop yield and superior food quality from the agricultural sector are anticipated to drive fertilizer market growth, which, in turn, is likely to trigger the sulfuric acid market. The presence of stringent environmental regulations to control emissions expected to lead the increased use of smelters to capture sulfur dioxide products sulfuric acid serves as an electrolyte in lead-acid storage batteries, which are employed in motor vehicles. It is also used in the pulp and paper industry, often for use in chlorine dioxide generation.

Global Sulfuric Acid Market: Raw Material Insights

On the basis of raw material, the sulfuric acid market is segmented into Elemental Sulfur, Base Metal Smelters, Pyrite Ore, and Others. Elemental Sulfur raw material segment dominates the entire sulfuric acid market and projected to lead the market during the forecast period. Due to the abundant availability in the market and less polluting as compared to other raw material like pyrite ore or base metal smelters. The growing demand for industrial chemicals for manufacturing various commercial products is projected to propel the growth of the market over the next few years. China is the leading producer of pyrites and the maximum share of this raw material is used for producing sulfuric acid.

Global Advanced Driver Assistance Systems (ADAS) Market: Overview

The Global Advanced Driver Assistance Systems (ADAS) is anticipated to worth USD 29.87 billion by 2019, with a CAGR of 20.56% during 2019-2025. An advanced driver assistance system (ADAS) is a set of systems used in vehicles to deliver an intelligent and comfortable driving experience. Increasing government regulations, the rising level of technological innovation and self-driving cars has raised the demand for driver safety and assistance systems over the past decade.

This is attributed to growth in safety concerns, as the number of road accidents is a constant rise, especially in developing countries. Various governments work towards reducing fatalities due to road accidents & increase the safety standards in vehicles, which drive the ADAS market. These systems are empowered with sensors, radar, and cameras to assist drivers and provide them with real-time data about the surrounding environment of the vehicle.

According to National Highway Safety Traffic Administration (United States Department of Transportation), death tolls in road accidents augmented from 37,461 in 2016 to 40,100 in 2017 even after government initiatives associated to safety seat belt, warnings for alcohol consumption, and speed level execution. The high scale of growth of the automotive industry is consequently persuading the use of several sensors technologies to make driving comfortable, luxurious, and safe. Requisite of automated warning and collision mitigation technologies is projected to drive the advanced driver assistance system market size.

Global Advanced Driver Assistance Systems (ADAS) Market: System Insights

On the basis of system, the Advanced Driver Assistance Systems (ADAS) market is segmented into Adaptive Cruise Control, Autonomous Park Assist, Blind Spot Detection, Driver Monitoring, Front Lighting, Automatic Emergency Braking, Night Vision, Forward Collision Warning, Lane Departure Warning, Park Assist, Surround View System,...

Global Smart Grid Market: Overview

Global Smart Grid market is anticipated to worth USD 62,917 million by 2025, with a CAGR of 22.82% during 2019-2025. The global smart grid market is anticipated to witness considerable growth due to growing energy demand and growing concerns regarding reduction in carbon footprints is shaping the global smart grid market. A smart grid is a modernized electricity transmission and distribution network that includes two-way communication systems and enables the integration of technologies.

Rising investment infrastructure in several countries, economic growth, and technology advancement across the globe are contributing to the growth of the market during the forecast period. Substantial influx of digital technologies, including the Internet of Things (IoT) will positively impact the business scenario.

The smart grid software allows grid players to make sure effective management of smart grid operations, improve process efficiency, and reduce energy production costs. Smart Grid technologies will spot and isolate the outages, containing them before they become large-scale blackouts. Rising demand for integration of renewable energy with favorable government policies and growing government initiatives for Smart Meter Roll-Outs are contributing to the growth of the smart grid market. Moreover, growing energy infrastructure and trending smart city projects are estimated to create several opportunities for the smart grid market in the upcoming years.

Global Smart Grid Market: Technology Insights

Based on the technology, the smart grid market is bifurcated into Smart T&D Equipment, Distribution & Network Automation, Advanced Metering Infrastructure, Consumer Interface, and Communication & Wireless Infrastructure. Among them, Communication & Wireless Infrastructure is the leading of the smart grid market and projected to lead the market over the forecast period 2019-2025. Varied technological advancements in the communications technologies along with long term profit...

Global Smart watch Market: Overview

Global Smart Watch market is anticipated to worth USD 47.29 million by 2019, with a CAGR of 14.26% during 2019-2025. Smart Watches are the new drift in the digital market and rapid advancements in Integrated Circuits (IC) technology. Smart Watch is a portable wearable device that is used to track various activities such as steps covered in a day, calories burnt, heart rate, and others. Increasing health awareness among the consumers and entry of a large number of players drive the growth of the Smart Watch industry.

Smart Watch is similar to mobile phone device with a touchscreen display and consists of various apps through which a person can access his mobile phone. Increase in adoption of the smartphone along with fast internet connectivity is the key driver for the growth of the global Smart Watch market. The world has already recognized the importance of mobile communication systems and this factor provides an additional surge for the growth of the Smart Watch market.

The integration of IoT technology will additional enhances the potential of Smart Watches, where one device can serve all the purposes rather than multiple apps and devices. Capability, biometric, GPS and geo-tagging, and smartphone autonomous functionality are some exclusive landscapes of the Smart Watch.

Global Smart Watch Market: Product Insights

On the basis of product, the global Smart Watch market is segmented into Extension, Standalone, and Classical. The standalone segment accounts the largest market share in the global Smart Watch market owing to features like wireless operations, SIM card acceptance, access the internet. New automotive control features embedded in, or compatible with, next-generation Smart Watches are one of the prime factors driving the global market growth of Smart Watches....

Global Earphone& Headphones Market: Overview

Global Earphones & Headphones market is anticipated to worth USD 10,522 million in 2018, with a CAGR of 5.92% during 2019-2025. Owing to increasing adoption and usage of the internet and smartphones, noise cancellation and stronger connectivity. Surging sales of mobile devices, increasing usage of on-line streaming services and growing disposable income are some of the factors that are anticipated to drive global earphones and earphones & headphones market. 

The changing consumer preferences, increasing awareness about a wide range of cultures and music genres and technological advancements fuel development in the global earphones & headphones market.The consumers are using earphones & headphones to listen to music, stream digital podcasts, audiobooks, and to answer calls while keeping their hands free.

The various gyms, health clubs, spas, and wellness centers are incorporating different genres of music and at different sound levels, thereby driving the demand for new devices in the market. Moreover, the demand for high-quality earphones & headphones has compelled the market players to innovate in styling and technology, which has resulted in significant demand. The rapid advancement in technologies and increasing preference for biometric sports tracking earphones & headphones is expected to fuel the growth of the target market and expected to continue this trend during the forecast period.

Global Earphones & Headphones Market: By Type

Cooling Towers Market: Overview

Global Cooling Towers market is anticipated to worth USD 2,471 million by 2019, with a CAGR of 4.59% during 2019-2025. Cooling towers are used to remove excess heat from the plant. Cooling towers are usually used across different applications like industrial manufacturing, power generation plants and HVAC (Heating, ventilation, and air conditioning) systems. Increasing investments toward the growth of industrial sector coupled with ongoing several power projects capacity additions can stimulate the cooling towers market growth.

Growing adoption of sustainable energy sources plus cogeneration technologies are driven by increasing consumer awareness will certainly influence business growth. Favorable government policies owing to the development of lower-emission technologies along with the expansion of sustainable cooling network will favor product penetration.

A paradigm shift in the respective government norms is redefining the domestic manufacturing sector which will further boost the industry growth. In addition, a sturdy growth in power generation and continuous dependence on coal-based generation will boost industry growth. The cooling tower is used in various applications, such as chemical, petrochemical and oil & gas, HVAC, food & beverage, and power generation. Factors like high electricity consumption along with a rising need for energy efficiency in several application areas are expected to boost the demand over the forecast period. Moreover, the growing construction activities across the globe are a key driver projected to favorably impact market growth.

Cooling Towers Market: Type Insights

Based on the type, the cooling tower market is bifurcated into Dry, Evaporative, and Hybrid.  Evaporative segment leads the entire cooling tower market owing to the lower maintenance cost, high performance, and energy efficient. Evaporative cooling towers generally cool water to about 85° F, however, could cool as low as 65°F.  They are the...

Global Footwear Market: Overview

Global Footwear market is anticipated to worth USD 207.49 million in 2018, with a CAGR of 3.7% during 2019-2025. The Global Footwear Market is rising exponentially as footwear has increasingly become a fashion accessory. The market is increasingly fueled by emerging consumer preferences, prevailing fashion styles, and changing brands positioning strategies in several regions. The demand for an assortment of new styles in shoes, particularly for women, has been supporting the lucrativeness of the footwear market. The increasing demand for trendy, yet comfortable footwear among consumer of all age group is driving the footwear market globally. Thus, the global footwear market has witnessed healthy growth and is anticipated to continue at the same pace over the forecast period.

Moreover, the increasing health concerns among consumers, indoor and outdoor activities, increasing fashion conscious population, and rising retail culture has further propelled the growth of the footwear market. The advent of trendy footwear continues to feed prevailing consumer fads to meet emerging sensibilities make the global footwear market increasingly attractive. Furthermore, the growing demands for various types of footwear that can meet therapeutic and specific therapeutic goals, especially in developing and developed countries upsurge the overall footwear market. Furthermore, manufacturers are continuously focused on expanding their product portfolio in order to gain momentum in the global market. Product innovation and differentiation leading to premiumization will also be the major factor driving the footwear market growth during the forecast period.

Global Footwear Market – Product Analysis

Leather Segment is expected to hold significant market share during the past years and is expected to display a similar trend over the forecast period. The leather is more in demand due to its multiple benefits such as breathable, elastic, tear proof, abrasion-resistant, heat insulating, and supple. Moreover, it lends shoe protection with its sturdiness, also has a...

India Aloe Vera Juice Market: Overview

India Aloe Vera Juice market is anticipated to worth USD 38.66 million by 2025, with a CAGR of 10% during 2019-2025. Owing to its multiple health benefits like enhanced hydration, improved liver function, nutritious boost, and digestive benefits. Aloe vera extracts are used to produce aloe vera drinks and food in with the purpose to minimize the burden of diseases. Aloe vera juice has a mild, tolerable flavor, and the juice mixes easily into smoothies and shakes, therefore making aloe vera drink as a food supplement. Aloe Vera juices are rich in several nutrients such as Calcium, Potassium, Manganese, Zinc, Vitamin A, B, C and E.  The growing awareness about consuming a healthy diet that can potentially reduce the occurrence of diseases like high blood pressure, cholesterol, obesity, and diabetes, is projected to boost demand for aloe vera juice market in India. Furthermore, increasing disposable income, rising number of health-conscious consumers, and growing in product offering continues to fuel aloe vera juice market in India.

Aloe vera is widely used as a raw material in various industries like the food industry, cosmetic and toiletries industry, and the pharmaceutical industry. Population across India is mounting consumption of aloe vera juice with the purpose of cure and to overcome the deficiency. Aloe Vera is extensively used for its healing and restorative properties. A rise in awareness of health benefits and skin problem due to hectic and stressful lifestyles resulting mainly resulting in a shift in consumer preference towards natural alternatives and herbal nutraceuticals. Consumption of Aloe Vera juice improves digestion and the immunity system, and helps detoxify the body’s systems which further fuel the demand of aloe vera juice in India.

India Aloe Vera Juice Market: Product Analysis

On the basis of the product, the aloe vera juice market is categorized...

Global Dairy Products Market: Overview

Global Dairy Product Market is anticipated to worth USD 645.5 million by 2025, with a CAGR of 5.3% during 2019-2025. Owing to the growing world population base, rising per capita income, increasing awareness regarding nutritional values of dairy products and, changing consumer dietary patterns. The major factors driving the growth of the global dairy Products market are an increase in process food consumption and the growing fast-food industry. Introduction of new dairy products such as omega-3 fatty acids enriched milk, and A2 milk, as well as other health-oriented dairy products like standard milk with less fat, probiotic yogurts, and lactose-free goat cheese products, are supporting the growth of the global dairy products market.

A rise in awareness of health benefits is resulting in the growing concern among people towards a healthier lifestyle which is driving the growth of the dairy products market. In addition, there is a growing demand for supermarkets and hypermarkets as their penetration is increasing which in turn is growing the demand for dairy products market. The Supermarkets and Hypermarket sector has grown over the years, benefiting from a strengthening economy. The rising demand for high protein food and increasing consumption of premium dairy products are the key drivers regulating market growth. These factors are constantly accelerating the growth of the dairy products market.

Global Dairy Products Market: Product Insights

Based on the product, the dairy products market is bifurcated into Milk, Butter, Cheese, Ice cream, Lactose, and Yoghurt. Among them, Milk and Cheese segment holds the lion’s share of the overall dairy products market and project to dominate the market over the forecast period 2019-2025. Due to the growing consumer interest in probiotic beverages, as a result of their positive health effect, changing consumer dietary patterns, rising demand for dairy products from developing countries and enhancements...