Refrigerated Counter Market to reach US$8.7 bn by 2024

The vendor landscape of the global refrigerated counter market features an intensely competitive nature, with the leading five companies collectively accounting for over 62% of the market and the rest of the market consisting of a large number of medium- and small-scale players, observes Transparency Market Research in a recent report. With the aim of strengthening their positions, leading players are focusing on expanding their product portfolios, consumer bases, and geographical territories via divestments, mergers, and acquisition.

Transparency Market Research, in one of its recent report, states that the global refrigerated counter market will clock in a promising 8.4% CAGR over the period between 2016 and 2024 in terms of volume. The market is expected to register a 7.7% CAGR over the said period and rise from a valuation of US$4.5 bn in 2015 to US$8.7 bn by 2024.

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Quick Service Restaurants to Help Market Procure Much of its Revenue

Of the key end-use areas for refrigerated counters, the segment of system catering accounted for a massive 80.9% of the overall market in 2016. Within the segment, quick service restaurants are likely to contribute the dominant share to the global refrigerated counter market over the report’s forecast period. The massive rise in a number of world-leading quick service restaurants across emerging economies and expansion of chain in homelands has benefitted the market for refrigerated counters in the recent past and will continue to be a key force driving the market towards a healthy growth path in the near future as well.

From a geographical standpoint, the report states that the market for refrigerated counters in regions such as Asia Pacific and North America will continue to be highly promising. While the market in North America will retain its leading stance in terms of the top contributor of revenue to the global market, the market in Asia Pacific will emerge as the most lucrative one, with an impressive 10.1% CAGR over 2016 and 2024.

Growth of Fast Food Chains Globally to Help Market Expand

One of the key factors expected to boost the global sales of refrigerated counters includes the tightening grip of regulatory bodies on the food production, processing, and transportation industries. So as to bring down the prevalence of food-borne diseases, food safety organizations in several countries have introduced stringent norms for food preparation and storage, which also includes the use of refrigerated counters to keep food at low temperatures thus mitigating the possibility of production of microbes in the food products.

The market is also likely to massively benefit from the rapid expansion of several international food chains across the globe. As most food chains require a variety of refrigerates equipment to keep food products sourced in bulk safe for consumption for longer durations, the rising numbers of food chains will prove to be a key driver for the market in the next few years. However, the high base cost and total cost of operation of high-end refrigerated counters could act as a restraint for the market, reining in its growth prospects to a certain extent.

SIP Trunking Services Market to expand at a CAGR of 18.6% till 2024 - TMR

SIP (Session Initiation Protocol) Trunking Services market is set to see a steady CAGR (Compound Annual Growth Rate) of 18.6% during the forecast period 2016 to 2024, as per a Transparency Market Research (TMR) study. It would translate to market opportunities worth USD 20.75 bn.  It is primarily owing to their cost benefits over traditional telephony systems.

The use of SIP Trunking services in BFSI, Telecom and IT, Healthcare, Retail, Government, transportation, media and entertainment and many other sectors will propel the global SIP Trunking Services market. These sectors are set to create numerous growth opportunities.

The prominent players in the global SIP trunking services market include Flowroute, Inc., 3CX Ltd., Nextiva, Inc., XO Communications LLC, Twilio, Inc., 8X8, Inc., and KPN International N.V.

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The Asia Pacific (APAC) Region to Be a Lucrative Market in the Forecast Period

North America will dominate the market owing to high level of adoption by businesses and the presence of an established network infrastructure. Besides the high concentration of IT and Telecom organizations in the region will also contribute positively. But, on the other hand, it is Asia Pacific that will generate a reservoir of untapped opportunities in the global SIP Trunking Services market. The reason for the lucrativeness of this region is attributable to countries like Japan that are technologically advanced and are leading to greater adoption of SIP trunking. Also, countries like China, India and the Philippines are anticipated to drive the market forward with the increase in investment in the commercial sector and infrastructural development projects. Besides, the increase in BPO units is in this region will propel market growth. It will be the fastest growing regional segment in the global SIP trunking services. Therefore, it comes as no surprise that vendors are now focusing on areas like Hong Kong, India, the Philippines, Australia, and Singapore. The TMR analyst observes that for the market as a whole, “Hosted SIP trunking services, however, are anticipated to overtake on-premise services by 2024 to account for a share of over 51%.”

Initiatives to Resolve Security and Interoperability Issue to Drive Market Forward

One of the primary factors behind growth of SIP trunking services in Europe, North America and Asia Pacific is the migration of telecom companies to IP (Internet Protocol) en masse. “Several established players are taking initiatives to shift their customers to IP networks owing to the benefits of SIP trunking over traditional telephony services,” the author of the TNR study notes. For example, in 2014, Slovak Telekom, which is a part of Deutsche Telekom Group, migrated the whole customer base to IP. And, it is not the safety aspect of it that it covers. It also allows for scalability so that companies can include more channels in extant trunks. All this favors market growth. “Data breach and interoperability issues are some of the key challenges that the SIP trunking services market is faced with in North America, Europe, and Asia Pacific,” the TMR analyst observes.

Mobile TV Market – Size, Share, Forecast, Analysis, Trends, Industry 2024

The global market for mobile TV is exceedingly fragmented and the top 10 players accounted for a mere 23.3% in 2015. These companies, namely Comcast Corporation, AT&T, Inc., MobiTV, Inc., Sky plc, Bell Canada, Verizon Communications, Inc., Bharti Airtel, Consolidated Communications, Orange S.A., and Charter Communications, do, however, enjoy a strong foothold in several regional markets and have set entry-level barriers rather high.

“Large players have been expanding their regional reach and a strong brand name enables them to push their products in the mobile TV market and achieve a greater market share,” an analyst at Transparency Market Research states. A case in point would be Sky plc. The pan-European provider of on-demand internet streaming media, telephone, and broadband services acquired Sky Italia and Sky Deutschland services in 2014 to emerge as a leading player in the mobile TV market in Europe.

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TMR Predicts Massive Surge in Mobile TV Subscription by 2024

The opportunity in the global mobile TV market stood at US$7.69 bn in 2015 and is expected to be worth US$17.02 bn by 2024. The market is projected to exhibit a healthy CAGR of 9.5% during the forecast period. “This can be attributed to the rise in mobile TV subscriptions, which will increase at an astounding 40.3% CAGR from 2016 to 2024,” the author of the study states.

Based on type of service, pay TV services led the overall market in 2015, accounting for a share of 52% that year. Also registering a strong CAGR of 9.7% from 2016 to 2024, the segment is forecast to continue leading the mobile TV market through 2024. By region, Asia Pacific has been the leading revenue generator in the global mobile TV market and is anticipated to hold a share of over 42% by the end of 2024. APAC is also projected to expand at a swift pace during the forecast period.

Growing Usage of Smartphones and Tablets Driving Market

The growing usage of smartphones and tablets globally has helped boost the mobile TV market. Most smartphones and tablets today are TV-enabled and this has resulted in the significant increase in the use of mobile TV applications. “Global Internet usership presently accounts for more than 3.4 billion and the penetration rate will hit 46% by the end of 2016,” the TMR analyst finds. This has considerably improved the state of the mobile TV market.

The deployment of ultra-fast data services such as 3G, 4G, and 5G has also encouraged the adoption of mobile TV. “Users now prefer watching online TV on their smartphones and tablets and the availability of high-speed internet has driven the number of subscriptions of mobile TV,” the author states. Verizon Communications is planning to launch next-gen ultra-fast data services such as 5G wireless networks in the U.S. by 2017. Developments such as these are likely to give the global mobile TV market a substantial boost.

Positive Displacement Sanitary Pumps Market - Industry Analysis, Forecast 2024

The global positive displacement sanitary pumps market has been experiencing a growing level of consolidation, with key players such as Fristam Pumps, IDEX Corporation, and Alfa Laval AB are projected to rise to more prominence when compared to the local vendors in the coming years. Smaller takeover of the niche players by the companies, permitting the latter to easily expand their business horizons across attractive regional markets and also extend their technological and product portfolio is thought to the highly preferred development strategy.

The global market for positive displacement sanitary pumps was valued at US$4.55 bn in the year 2015. The market is expected to grow and reach an overall valuation of US$10.65 bn by the end of 2024. This growth of the market is expected to be achieved with the help of an impressive CAGR of 10.1% over the course of the given forecast period of 2016 to 2024.

With respect to the varieties of positive displacement sanitary pumps that are available in the global market, the gear pump segment led the market with holding over 32% of share in the revenues of rotary positive displacement sanitary pump market in 2015. Asia Pacific market is expected to continue its dominance across the globe with the region accounting for almost 39% of the overall share in the market in 2015.

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Increasing Awareness among Consumers Augmenting Growth of Market

There are several factors that are augmenting the overall development of the global market for positive displacement sanitary pumps. One of the key driving factor for the growth of the global market is thought to be the increasing awareness among customers about the serious consequences that may occur due to failure of addressing safety practices and sanitation at the critical stages of food handling. This has also led to rising emphasis on the enforcement of strict regulations about sanitary practices in the food and beverages sector. The key players operating in the pharmaceutical sector also take of these strict sanitary regulations across a number of procedures. In the last few years, the framework of regulations that governs the sanitary practices across the industry has become more expansive and strict so as to address the issues related to safety and sanitation across different areas such as supply chain and fluid handling. These factors are expected to drive the overall development of the global market for positive displacement sanitary pumps and are also projected to have a considerable impact on the overall future developments in the market.

The overall demand for positive displacement sanitary pumps is also projected to be augmented by the growing trend of urbanization across the manufacturing and industrial sectors, especially across emerging economies such as China, India, and Brazil. In addition to this, the increasing uptake of intelligent or smart pump systems in the industrial sector, mainly owing to the increasing demand for providing real-time feedback on tracking the location of bug in system or overall performance of the system is also projected to drive the overall demand for the global market for positive displacement sanitary pumps.

Energy Efficient Lighting Technology Market by Growth Prospects, Analysis, Trends, Forecast 2025

Astute players in the global market for energy efficient lighting technology are focusing on developing sophisticated yet affordable environment-friendly, reliable lighting products to cater to the different requirements of customers. In fact, it has been noticed that already some companies are offering energy efficient lighting and control solutions with a variety of styles and functionalities that provide flexibility to design and business. In order to bolster their positions further, companies are also seen taking the inorganic route of mergers and acquisitions.

Some of prominent names operating in the global energy efficient lighting technology market are Apple Inc., Bajaj Electricals Ltd, Bridgelux Inc., Cooper Lighting, Cree Inc., Digital Lumens, Inc., Eaton Corporation, GE Lighting, LIGMAN Lighting Co., Ltd, Nichia Corporation, and OSRAM GmbH.

A report by Transparency Market Research forecasts the global energy efficient lighting technology market to attain a value of US$300 bn by 2025 by rising at CAGR of 7.9% during the forecast period from 2017 to 2025.

Depending upon the type of products, the key segments of the global energy efficient lighting technology market are incandescent lamp, light emitting diode (LED), arc lamp, and gas discharge lamps. Among them, the LEDs are predicted to rise at maximum pace on account of their soaring popularity resulting from their different customized shapes for both commercial and residential purpose.

Geographically, some of the main regions in the global energy efficient lighting technology market are Asia Pacific, Europe, South America, North America, and the Middle East and Africa. Of them, Asia Pacific is a key region in terms of contribution to overall revenue. This is because of the presence of a large number of manufacturers and the easy availability of raw materials in the region, which makes it possible to reduce costs and manufacture affordable products. The market in Asia Pacific is expected to retain its dominant position in the near future by pulling a revenue of US$82.86 bn by 2025.

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Ability to Save Electricity Buoys Demand

Energy efficient lighting technology is a clutch of energy efficient equipment, effective controls, and design structure used for lighting purpose. Not only do they serve to bring down energy consumption, but also illuminate effectively. With electricity production being limited and pollution levels rising by the day, such advantages are majorly fuelling demand in the global energy efficient lighting technology market.

Mandates Egging Establishments to Adopt Energy Efficient Measures Boost Market

Mandates forcing residential, official, and commercial establishments to adopt energy efficient features and functionalities is also positively impacting the market. Further, emergence and popularity of smart buildings that use energy efficient lighting is stoking demand in the market too.

At present, the residential sector is driving most of the demand in the global market for energy efficient lighting technology. It is trailed by the government segment which is swiftly adopting such technologies in its premises, public places, and projects such as smart cities.

Rubber Tire Market to Reach a Valuation of ~US$ 195 Bn by 2027

Transparency Market Research has published a new report on the global rubber tire market for the forecast period of 2019-2027 According to the report, the global rubber tire market is projected to be valued at US$ 195 Bn by 2027, expanding at a CAGR of ~5% during the forecast period. 

Global Rubber Tire Market: Insights

• According to the report, the global rubber tire market is expected to expand owing to a rise in the sales of vehicles around the world.
• Economic expansion has propelled investments in infrastructure as well as spending on the agriculture sector. Rise in the sales of off-the-road vehicles, such as agriculture tractors, construction & mining vehicles, and industrial vehicles, is projected to boost the rubber tire market.
• The production of vehicles has been increasing, globally, for the last five years, due to a rise in the demand for passenger vehicles, worldwide. This, in turn, has been fueling the demand for rubber tires.

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Expansion of Global Rubber Tire Market

• Rise in the disposable income of consumers has resulted in more highway travel, which has resulted in growth in total vehicle miles travelled (VMT). Total miles driven by vehicles in the U.S rose from 3.01 trillion miles in 2007 to 3.21 trillion miles in 2018. Increased number of miles driven has boosted the replacement demand for tires.
• Increasing individual affluence is prompting automakers to offer more number of vehicle models. Automakers are offering various facelifts and models to maintain a competitive edge. Vehicle models are also available with varied tire sizes, thus increasing the fitment per model. Rise in the customization of vehicles is boosting the sale of tires, and thereby, expanding the rubber tire market.
• Based on rim size, the global rubber tire market has been classified into <11", 12" - 17", 18" - 21", 22" - 25", 29" - 49", and 51" - 63". In terms of revenue, the 18" - 21" segment held a dominant share of the global rubber tire market in 2018. Rise in the sales of SUVs and consumer demand for larger wheels has driven the increased demand for 18" In 2018, SUV sales contributed to 36% of total global passenger vehicle sales.
• Based on tire type, the global rubber tire market has been divided into radial, bias, and solid. The radial segment held a prominent share of the global rubber market in 2018, due to their use in passenger vehicles, and the presence of a large number of passenger vehicles on the roads. The bias segment held a considerable share of the market due to the preference for bias tires in construction & mining vehicles and agriculture tractors, owing to their low price and thicker sidewalls. 

Global Rubber Tire Market: Regional Analysis

In terms of region, the global rubber tire market has been segregated into North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. Asia Pacific is expected to account for a prominent share of the global rubber tire market, owing to the presence of a large number of passenger vehicles and agricultural tractors in the region. Asia Pacific is followed by Europe and North America, in terms of volume

Global Rubber Tire Market: Key Players

Prominent players operating in the global rubber tire market include Apollo Tyres Ltd., Bridgestone Corporation, CEAT Ltd., China National Tire & Rubber Co., Ltd., Continental AG, Cooper Tire & Rubber Company, Giti Tire, Hangzhou Zhongce Rubber Co., Ltd., Hankook Tire, Kumho Tire Co., Inc., MICHELIN, Nexen Tire Corporation, Nokian Tyres plc, Pirelli & C.S.p.A., Qingdao Fullrun Tyre Corp., Ltd., Sumitomo Rubber Industries, Ltd., The Goodyear Tire Rubber Company, Toyo Tire & Rubber Co., Ltd., Yokohomo Tire Corporation, and Trelleborg AB.

Sports Sun Care Market to Reach a Valuation of ~US$ 2.6 Bn by 2027

Sports Sun Care Market: Introduction

Transparency Market Research delivers key insights on the global sports sun care market. In terms of revenue, the global sports sun care market is anticipated to expand at a CAGR of ~5% during the forecast period, owing to numerous factors, regarding which, TMR offers thorough insights and forecasts in the sports sun care market report.

The report on the sports sun care market highlights the products that offer protection from harmful UV radiations during sports events. Sports sun care products are designed for sportspersons, and especially used and applied during sports activities. Sports sun care products are more water resistant than regular sun care products, and give long time protection against UV rays.

In this market report, TMR estimates that, based on SPF, products that are of SPF 50 + are likely to be the most widely-used ones by the end of 2027, in the sports sun care market. Sports personalities are now focusing on their appearance as well as on skin care, due to the growing influence of social media. The sports sun care market is anticipated to grow from a value of ~US$ 1.6 Bn in 2018 to ~US$ 2.6 Bn by the year 2027, due to the increasing participation in sports all around the world.

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Sports Sun Care Market: Prominent Regions

Asia Pacific is projected to show prominent growth in the sports sun care market in the near future, due to an increase in the spending power of people and growing awareness regarding skin care. India and Japan are considered prominent markets for sports sun care product manufacturers during the forecasted timeline. North America, along with Europe, dominates the global sports sun care market. Affordability is one the major reasons for the growth of this market in North America and Europe. Rapid increase in sports events, growing awareness about skin issues due to adverse effects of sunrays, and rising disposable income are projected to be major driving factors for the growth of the global sports sun care market during the forecast period.

Major brands are likely to focus on research & development activities to strengthen their footprint in the global sports sun care market. They are also focusing on developing and manufacturing natural and organic products for this market space. Companies are engaged in expanding their product portfolios to cater to the varying needs of consumers around the world. Manufacturers are focusing on expanding their businesses through online distribution channels. Companies are working toward upgrading their existing products to increase profitability, so as to achieve the sustainable growth of their businesses.

Sports Sun Care Market: Key Players

Prominent companies operating in the global sports sun care market have been profiled and their details have been included in the global sports sun care market report. Key players operating in the global sports sun care market include Shiseido Co., Ltd, Neutrogena, Coppertone, Banana Boat, SolRX Sunscreen, Solskyn Personal Care LLC, La Roche-Posay, EltaMD, Inc., COOLA LLC, VLCC Personal Care, and Fresh LLC.