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Chilled Beam System Market – Global Revenue Growth Expectations in the Near Future

Future Market Insights (FMI) in its recent market analysis, projects the global chilled beam systems market to reach US$ 308.5 Mn in 2021. With increasing adoption of chilled beams systems in healthcare facilities, corporate offices, and universities across various countries, the market is anticipated to grow at a steady pace, exhibiting a 5.5% CAGR.

In 2020, chilled beam systems market experienced decelerating sales due to the COVID-19 outbreak. However, FMI projects a positive demand outlook as the market experienced year-over-year growth at 3.9% between 2020-2021 with sales projected to reach 175’000 units during the forecast period.

In addition, development of smart cities, healthcare facilities, and renovation of residential and commercial spaces are expected to propel market growth in emerging economies such as India, China, Mexico, and Brazil.

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As per FMI’s regional market survey, the U.S. is anticipated to dominate the North America chilled beam systems market. Being a relatively new ventilation concept, adoption of chilled beam systems is expected to grow at a steady pace. Apart from this, expansion of residential, corporate, and healthcare infrastructure will continue spurring demand for chilled beam systems in the U.S.

“Growing demand for energy-efficient solutions in construction projects, coupled with advanced after-sales services offered by chilled beam system market players, will create attractive prospects for the expansion of the global chilled beam systems market,” says the FMI analyst.

KEY TAKEAWAYS:

Based on product type, concealed chilled beam systems are projected to dominate the segment.
In terms of design, sales of standard chilled beam systems are anticipated to remain high through 2031.
Corporate offices will account for maximum applications of chilled beam systems in the forthcoming years.
The U.S. is anticipated to lead the chilled beam systems market due to growing demand for energy-efficient ventilation solutions in the country. FMI projects the North America chilled beam systems market to grow at a 5.6% CAGR.
The U.K. is expected to exhibit high demand for chilled beam systems, owing to rapid expansion in the hospitality and education sectors. The European chilled beam systems market is projected to expand at a 5.3% CAGR.
Being one of the key exporters and producers of chilled beam systems, Germany will emerge as a lucrative market during the forecast period.
Rapid development of smart cities and increasing adoption of modern cooling systems in India will place it as an attractive market through 2031.
South Korea and Japan will collectively account for 9% of the total market share.

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Compititive Landscape:

As per FMI’s market analysis, top 5 players operating in the chilled beam systems market comprise SAS International Limited, Lindab International AB, Halton Group, Trox GmbH, and Caverion Corporation, holding 58.5% of the total market share.

Prominent players operating in the chilled beam systems market are emphasizing strategic collaborations and partnerships to expand their global footprint. Apart from this, product portfolio expansion and robust aftersales services will remain key growth strategies among leading players. For instance:

In August 2021, Johnson Controls, a global leader in smart and sustainable building solutions, announced a strategic collaboration with Apollo Global Management, a leading global asset manager, to provide sustainable and energy-efficient solutions various sectors to address decarbonization and high operational costs in buildings.
In July 2021, Caverion Corporation acquired GTS Immobilien GmBH, a leading building automation service provider in Austria. Through this acquisition, Caverion is aiming to strengthen its market position in smart technologies and building automation solutions for diverse end-uses.

More Insights into the Chilled Beam Systems Market Report

In its latest report, FMI offers an unbiased analysis of the global chilled beam systems market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of product type (concealed, exposed, and recessed), design type (standard and customized), end-user type (educational institutions, healthcare facilities, hotels/restaurants, and other institutions including military, residential and industrial), and across seven regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa).

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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In-Ear-Monitors (IEMs) Market | Shure Incorporated, Future Sonics Inc., Peavey Electronics, ULTIMATE EARS. | By 2032

The In-Ear-Monitors (IEMs) Market is anticipated to reach a valuation of US$ 344.7 million in 2022 and grow at a CAGR of 9.0% to reach US$ 749.7 million by 2032. In 2021, the universal IEM in the product segment will dominate the global market, with a share of roughly 56.5%, according to a recent analysis by Future Market Insights.

According to Future Market Insights’ latest industry analysis, the market size for the global in-ear-monitors (IEMs) market was around US$ 293.8 Mn in 2021. It is projected to exhibit growth at a CAGR of 9.0% over the forecast period, with an estimated market size of ~US$ 749.7 Mn in 2032.

The number of musical concerts, live recordings, and studio recordings is rapidly expanding, with adolescents all over the world actively promoting and adopting these activities. The internet’s penetration, especially in remote regions, provides an additional benefit. It is anticipated that there will be significant growth in the forecast period since in-ear monitor use is associated with the rise in musical theatre performances.

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Another factor driving the growth of the in-ear-monitors market is the key suppliers heavily relying on distribution channels, such as retail stores and multiple-brand distributors and of headphones, headsets and earphones, in order to better serve clients and achieve a competitive advantage in the in-ear-monitors (IEMs) market.

Due to the growing e-commerce business, particularly in nations like the U.S., China, Brazil, and India, in-ear monitor producers are also working with a number of e-commerce behemoths, including Amazon, Flipkart, and Alibaba. Thus, the development of marketing platforms and the strengthening of distribution channels are contributing to the value expansion of the global in-ear-monitors (IEMs) market.

Considering the above-mentioned factors there would be significant growth in the in-ear-monitors (IEMs) market globally.

Key Takeaways from Market Study

Universal IEM dominated the market with a 5% market share in the product segment of the in-ear-monitors (IEMs) market in 2021. The universal IEMs are easily available as well as has more number of manufacturers and thus the adoption rate is higher.
Studio recording and broadcasting accounted for 9% of the market share in 2021. Studio recording and broadcasting is a more common activity compared to live events, which are held occasionally. Thus, the usage of in-ear-monitors is more in studio recording.
Supermarkets and hypermarket segment dominated the market in 2021 with a share of 7% of the distribution channel category of the in-ear-monitors (IEMs) market. The reach is more through this channel and so the share is higher.
North America dominates among the seven regions, with a market share of 4%. The increased number of music recordings as well as shows is more in North America compared to other regions and that is why holds a higher share of the market.

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“Increasing technological advancements and quality products in the in-ear-monitors (IEMs) market is set to propel the sales of the in-ear-monitors (IEMs) market across the globe,” says an analyst of Future Market Insights.

Market Competition

The in-ear-monitors (IEMs) market is quite fragmented because of the increased number of key players in the market. There are a broad range of products that can be categorized under the in-ear-monitors (IEMs) market, therefore it is a huge market. The strategies that are commonly followed by the key players include product launches, partnerships, expansions, collaborations, acquisitions and mergers.

In November 19, 2021, The AONIC FREE true wireless earphones were launched by Shure Incorporated in collaboration with singer, songwriter, and multi-instrumentalist Jacob Collier.
In April 2018, Adam Hall Group increased the availability of its products by merging with the Musical Distributors Group (MDG).

Key Companies Profiled

Shure Incorporated
Sennheiser electronic GmbH & Co. KG
Future Sonics Inc.
Peavey Electronics
ULTIMATE EARS.
Empire Ears
Sensaphonics, Galaxy Audio
Adam Hall Group (LD Systems)
Audio-Technica, Inc.
MEE Professional
JTS PROFESSIONAL CO., LTD
ANLEON Electronic Co., LTD,

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Key Market Segments Covered in In-Ear-Monitors (IEMs) Industry Research

By Product:

Custom IEM
- 2 -Driver Earphones
- 3 -Driver Earphones
- 4 -Driver Earphones
- 6 -Driver Earphones
- 8/9 -Driver Earphones
- 12 -Driver Earphones
- 18 -Driver Earphones
Universal IEM
- 2 -Driver Earphones
- 3 -Driver Earphones
- 4 -Driver Earphones
- 6 -Driver Earphones
- 8/9 -Driver Earphones
- 12 -Driver Earphones
- 18 -Driver Earphones

By Application:

Live Events and Performances
Studio Recording and Broadcasting

By Distribution Channel:

Supermarkets/Hypermarkets
Multi-brand Stores
Exclusive Stores
E-commerce/Online Sales

By Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East and Africa (MEA)

What Does the Report Cover?

Future Market Insights offers a unique perspective and actionable insights on the in-ear-monitors (IEMs) market in its latest study, presenting a historical demand assessment of 2015 – 2021 and projections for 2022 – 2032. The global in-ear-monitors (IEMs) market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

The research study is based on the product – (custom IEM (2 -driver earphones, 3 -driver earphones, 4 -driver earphones, 6 -driver earphones, 8/9 -driver earphones, 12 -driver earphones, and 18 -driver earphones), and universal IEM (2 -driver earphones, 3 -driver earphones, 4 -driver earphones, 6 -driver earphones, 8/9 -driver earphones, 12 -driver earphones, and 18 -driver earphones), by application (live events and performances, and studio recording and broadcasting), by distribution channel (supermarkets/hypermarkets, multi-brand stores, exclusive stores, and e-commerce/online sales) across seven key regions of the world.

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Process Automation and Instrumentation Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2032

The global process automation and instrumentation market are likely to witness an opulent growth opportunity, registering a CAGR of 5.0% between 2022 and 2032 with an evaluation that reached US$ 59,841.1 Mn in 2021 and is anticipated to surpass US$ 101.6 Bn by 2032. The growth of this market is attributed to the widespread adoption of automation in complex business processes and the utilization of advanced digital technologies.

As per FMI analysis, the historic forecast of the process automation and instrumentation market registered a CAGR of 4.2% between 2012 and 2021 in comparison to the current assessment period ranging from 2022 to 2032.

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The market witnessed a surge in its growth by registering a CAGR of 5.0% owing to the surging need for enhancing productivity across various industries is a key factor propelling demand for process automation and instrumentation solutions. At present, the process automation and instrumentation market contribute to about ~28-31% of the parent market.

Process automation is an application of software, hardware, and computing technology in order to improve the safety and productivity of end-use industries such as cement, oil & gas, paper, chemical & materials, among others. Sensors are used in the process to garner data on flows, pressures, and temperatures, among other devices.

Then the information is saved and evaluated on a computer. The development of the overall process automation and instrumentation market depends on the coordination between manufacturers of semiconductor componentry, developers of industrial software, and suppliers of industrial automation equipment.

Key Takeaways

In order to have an edge over the constantly changing global industrial environment, industries all over the world are focusing more and more on improving production efficiency along with lowering operating costs. This is resulting in their embracing of process automation and instrumentation solutions.
Process automation comprises the using software technology and computer technology in order to allow end-use industries to operate more safely and efficiently. Then this information is securely stored and analyzed on a computer with the help of sensors that collect data on flows, pressures, temperatures, and among others.
Process automation systems assist in monitoring and regulating processes in order to reduce rework costs, minimize inspection expenses, and reduce system failures. Instrumentation equipment helps in measuring as well as analyzing process parameters including pressure, temperature, level, and humidity. They assist industrial companies to lower costs and boost revenue.
Owing to the surging acceptance of Industry 4.0 principles in various manufacturing sectors like oil & gas, food & beverage, and chemicals, the process automation, and instrumentation market is expected to be widespread at a robust pace during the forecast period.
Due to the introduction of Industry 4.0, the majority of manufacturing industry processes and systems are bound to be automated using a vast number of technologies, including cloud computing, IoT, and cyber-physical systems, which enables production units to run effectively around the clock with no human error. These technologies are proven to be very helpful, right from the stage of acquiring raw materials to the creation of the finished product, as they help in reducing production cycle time and achieving process efficiency.
Automation improves industrial processes by facilitating better self-monitoring and communication, collecting intelligent real-time data, and analyzing and diagnosing problems automatically.

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Competitive Landscape

Prominent market players operating in the global process automation and instrumentation market are facing constant pressure to improve and enhance their offerings. Owing to this rising demand, leading manufacturers in the market are increasingly adopting strategies such as new product launches, partnerships, collaborations, mergers, facility expansions, and acquisitions.

More Insights into the Process Automation and Instrumentation Market

According to FMI analysis, China is anticipated to dominate the global process automation and instrumentation market by exhibiting a growth rate of 5.7% CAGR throughout the forecast period. Due to the rapid adoption of automation all over the industries, they help improve productivity and reduce costs. In addition to that, favorable government support, and a strong presence of leading market players.

Germany is the second largest market estimated to hold about 7.8% share of the global process automation and instrumentation market during the forecast period of 2022 and 2032. Owing to the accelerating emphasis on improving productivity and growing adoption of instruments like transmitters, flow meters, analyzers, controllers, switches, etc., the overall process automation and instrumentation market in Germany is anticipated to reach a valuation of US$ 4,863.6 Mn in 2022.

Key Segments Covered in Process Automation and Instrumentation Market Analysis

By Instrument Type:

Transmitters
Flow meters
Analyzers
Controllers
Switches
Recorders
Switches
Vacuum Instruments

By Solution:

PLC
SCADA
DCS
HMI
APC
MES
Safety Automation

By Application:

Chemical
Metal & mining
Food & beverage
Oil & gas
Pharmaceutical
Pulp & paper
Wastewater treatment
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East & Africa

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Customer Experience Platforms Market is expected to grow at a CAGR of 13.9% between 2022 and 2028

Increasing integration of technologies such as AR/VR, bots, CRM, AI, smart devices, and wearables has been contributing significantly to the flourishing landscape of customer experience platforms, in recent years. The customer experience platforms market revenue totaled ~US$ 7,753.9 Mn in 2021, according to Future Market Insights (FMI). The overall customer experience platforms market is projected to reach ~US$ 18,972.7 Mn by 2028, growing at a CAGR of 13.9% for 2022 – 28.

A senior research analyst says while offering the market background, “Tremendous competition across industries is driving the critical need for customer retention and necessitating the regulation of customer churn rate. Businesses are thus increasingly preferring an extensive availability of a range of extension points to connect with their customer bases in an effort to survive the competitive scenario in the customer experience platform landscape”. Adding further to it, the analyst says, “The approximately US$ 5 Bn market for customer experience platforms is likely to demonstrate over 10% year on year growth in revenue in 2019”.

In the wheel of fortune, the report categorizes various market segments on the basis of their rate of growth projected for the next decade old period. A majority of market segments fall in the high and medium growth quadrants. End use verticals such as consumer goods and retail, and hospitality, in addition to IP segments such as social media and mobile apps occupy the high growth quadrant.

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Key Research Findings At A Glance

Robust yearly revenue growth of around 12% estimated for mobile apps as the highly attractive interaction point is primarily driven by exceptional penetration of smartphone technology. Around 1/4th share of the current market revenue is contributed by mobile applications.
Cloud as a deployment model is winning a heavy incremental opportunity translating further into a larger share of more than 55% over on premise segment in the customer experience platforms landscape.
Consumer goods and retail sector, currently holding around 1/4th share of the total market revenue, is observing a hefty incremental opportunity. Hospitality is also rapidly emerging attractive end use vertical for CX platform vendors owing to the considerable yearly growth anticipated post 2020.
Large enterprises continues to reign supreme over small and medium sized enterprises in terms of deployment of customer experience platforms. Maximum business opportunity resides in the Android segment.

FMI Recognizes Significant Growth Potential in Developing Regional Markets for Customer Experience Platforms

North America continues to lead the pack globally in customer experience platforms landscape, whereas substantial growth opportunities lie in the South Eastern Asia and rest of Asia Pacific region.

A collective revenue share of over 28% from the eastern and western parts of Europe represent the significant position of European region in customer experience platforms ecology.

While customer centric approach of CX platform vendors is identified to be the key driver for North America’s market, ever-growing digitization is pushing the scenario in Asia Pacific, wherein spectacular growth opportunities are spotted in India and ASEAN countries.

A majority of key market players have strong presence across developing economies in Japan and MEA.

Maintaining the Customer Centric Approach Helps CX Platform Vendors Deliver Customer Satisfaction at An Improved Level

Vendors of customer experience platforms are focusing more on end user requirements, in addition to ever-evolving business requirements.

Fostering adoption of IoT and connected technologies is fueling adoption of customer experience platforms based on end user perceptions.

Centralization of customer data that has been collected from the various points of interaction is enabling vendors to develop a personalized approach to delivering top notch customer experience.

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CX Platform Vendors to Tap into the White Spaces in Predictive Analytics Integration

Future Market Insights report on customer experience platforms landscape reveals that the vendors are leveraging the opportunities residing in the integration of predictive analytics into their existing CX platform offerings.

With more than 40% share of the current market revenue, Tier 1 players are reportedly delivering best-in-industry offerings in wider portfolios, imparting significant regional coverage. Tier 2 companies on the other side include some of the highly important companies that hold the potential to transit to the Tier 1 category. Although Tier 3 players are relatively new entrants and hold limited presence at a global level, they reflect growth at a rapid pace.

Customer Experience Platforms Market Outlook By Category

By Interaction Point:

Stores
Websites
Email
Call Centre
Mobile Apps
Social Media

By Deployment:

Cloud
On-Premise

By Vertical:

IT & Telecommunication
BFSI
Healthcare
Consumer Goods & Retail
Hospitality
Transportation and Logistics
Media and Entertainment
Government

By Enterprise Size:

Small Enterprises
Medium Enterprises
Large Enterprises

By Platform:

Windows
iOS
Android

By Region:

North America
Latin America
Western Europe
Eastern Europe
SEA and other of APAC
Japan
China
Middle East and Africa (MEA)

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Hydrogen Electrolyzer Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2032

The global hydrogen electrolyzer market is expected to grow at a CAGR of 24.2% over the forecast period of 2022-2032. The market valuation is set to reach US$ 3.7 Bn by the end of 2032. Rising demand for hydrogen gas across various end-use sectors is estimated to drive growth in the hydrogen electrolyzer market during the forthcoming years.

Development of new technologies to reduce the operational cost of hydrogen electrolyzers is anticipated to fuel the market. Moreover, rising awareness about the harmful effects of carbon emissions worldwide are set to create new growth opportunities in the market.

Higher adoption of renewable energy sources and increasing onsite hydrogen production are set to boost the demand for hydrogen electrolyzers in the upcoming decade. Apart from that, surging demand for carbon-free steel in various industries such as automotive is projected to create new growth opportunities in the steel manufacturing sector.

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Increasing initiatives taken by several automotive manufacturers to reduce carbon emission from vehicles is another vital factor that would propel sales of hydrogen electrolyzers in future. Surging development of green energy worldwide is also expected to drive the market.

Key Takeaways: Hydrogen Electrolyzer Market

By product type, sales of PEM electrolyzers are expected to grow at a CAGR of 25.2% during the forecast period.
By outlet pressure, the low (<= 10 bar) segment is anticipated to dominate the market and is expected to account for about 2/3^rd of the share.
By end use, the transportation segment is projected to lead the hydrogen electrolyzer market and create an absolute $ opportunity worth US$ 905.5 Mn in 2032.
In terms of region, the Europe hydrogen electrolyzers market is estimated to exhibit a CAGR of 24.1%.

“Increasing demand for hydrogen fuel due to rising investments in novel programs for reducing carbon emissions globally is set to create new growth opportunities for companies in the hydrogen electrolyzers market,” says a FMI analyst.

Competitive Landscape: Hydrogen Electrolyzer Market

Leading Companies Profiled in Hydrogen Electrolyzer Market are

Nel Hydrogen
Siemens AG
McPhy Energy
ITM Power Plc
Tianjin Mainland Hydrogen Equipment Co. Ltd
Gaztransport & Technigaz
Giner Inc.
GreenHydrogen Systems
iGas Energy GmbH
Beijing CEI Technology Co., Ltd.
Next Hydrogen
Air Liquide
Ballard Power Systems
Enapter
Plug Power Inc.
Bloom Energy
others

Manufacturers are strategically collaborating with technology companies for co-developing new products and gaining a competitive edge. A few others are looking forward to helping the oil and gas industry by providing technologically advanced products.

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Hydrogen Electrolyzer Market Outlook by

CategoryBy Product Type:

Proton Exchange Membrane (PEM) Electrolyzer
Alkaline Electrolyzer
Solid Oxide Electrolyzer

By Capacity:

Low (<= 150 kW)
Medium (150kW–1mW)
High (> 1mW)

By Outlet Pressure:

Low (<= 10 Bar)
Medium (150 Bar–40 Bar)
High (> 40 Bar)

By End Use:

Ammonia
Methanol
Refining/ Hydrocarbon
Electronics
Energy
Power to Gas
Transport
Metal Production & Fabrication
Pharma & Biotech
Food & Beverages
Glass Industry
Other Industrial

By Region:

North America
Latin America
Europe
East Asia
South Asia Pacific
Middle East & Africa

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Conversation Intelligence Software Market is expected to reach $43.2 billion by 2032.

The increasing demand for AI-powered customer support services, the global conversational intelligence software market is estimated at US$ 43.2 Billion, while expanding at a 7.2% CAGR from 2022 to 2032. The market is anticipated to garner USD 20.1 Billion in 2021 and USD 21.6 Billion in 2022. Growing demand for AI-based Gartner chatbots is likely to be another cause propelling the market growth.

With the outbreak of COVID-19, there has been a surged demand for AI-based chatbots to stay connected, thereby, benefitting the market. In addition, the growing deployment of omnichannel methods is likely to augment the market size in the assessment period. With the usage of automation, firms can achieve higher efficiency and lesser manual work.

According to LivePerson, a conversational AI solution provider, customers spend 80% of their time messaging through their devices. Also, there are about 57 billion conversations occurring globally in contact centers, and USD 1.2 trillion is spent on voice calls in centers across the globe.

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On the contrary, awareness of such technology is much lesser in developing nations as compared to developed nations. According to a recent study conducted by HubSpot, there is only 37% of AI awareness among consumers and 63% of consumers do not realize that they are using AI. However, the integration of new specifications such as gesture recognition is an emerging opportunity for the players, countering the market restraints.

Key Takeaways:

The global conversational intelligence software market to reach US$ 20.1 Billion in 2021.
The global conversational intelligence software market to garner US$ 43.2 Billion in 2032, exhibiting a 7.2% CAGR from 2022-2032
The cloud-based segment to record a 7.2% CAGR during the forecast period
The BFSI segment to expand at a 6.6% CAGR from 2022-2032
The U.S market to value US$ 15.5 Billion from 2022-2032
Market in China to flourish at a 6.6% CAGR, securing US$ 3 Billion by 2032

Competitive Analysis

Key players in the global conversational intelligence software market include CallRail Inc, AffectLayer Inc, Active.ai, Avaamo, and Avoma Inc among others.

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Recent developments among key players are:

In September 2021, Astro, a new robot was launched. It was specifically designed to assist customers with tasks like home monitoring and keeping in touch with family.
In September 2021, Baidu and China Gas Holdings signed agreement to enhance digital and intelligent transformation in the energy and power sector with unique solutions based on Baidu AI Cloud.

Key Segments Covered in the Conversation Intelligence Software Market Report

Conversation Intelligence Software by Deployment

On-premise Conversation Intelligence Software
Cloud-based Conversation Intelligence Software

Conversation Intelligence Software by End Users

Conversation Intelligence Software for SMEs
Conversation Intelligence Software for Large Enterprises

Conversation Intelligence Software by Vertical

Conversation Intelligence Software for IT & Telecommunications
Conversation Intelligence Software for Retail
Conversation Intelligence Software for BFSI
Conversation Intelligence Software for Real Estate
Conversation Intelligence Software for Other Verticals

Conversation Intelligence Software by Region

North America Conversation Intelligence Software Market
Europe Conversation Intelligence Software Market
Asia-Pacific Conversation Intelligence Software Market
Middle East & Africa Conversation Intelligence Software Market
Latin America Conversation Intelligence Software Market

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Contract Lifecycle Management Market is expected to reach ~US$ 2,413.9 Mn by 2029-FMI

Worldwide associated Connected Home Appliances request is expected to be esteemed at US$ 33,842.2 Million out of 2022, figure to develop at a CAGR of 8.8% to be esteemed at US$ 78,371.7 Million from 2022 to 2032. Development is credited to expanding need for home robotization. From 2016-2021 a CAGR of 6.8% was enrolled for the associated home machines market.

In short, any electronic home appliance if provided with internet connectivity would become connected home appliance. Smart home appliances enable users to monitor and control household activities from remote location. Growth of connected home appliances depends upon various factors such as internet infrastructure availability and smart phone penetration rate of the targeted region.

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If internet infrastructure of any country is robust and efficient, there would be more demand for connected home appliances. Being the more energy efficient solution compared to their traditional counterparts, connected home appliances are being adopted with substantial high adoption rate across the globe.

Connected Home Appliances Market: Drivers and Restraints

Personal and family security is the primary factor driving the adoption of connected home appliances by consumers across the globe. Over the last decade, adoption of connected home appliances grown quickly with the evolution of consumers who are more technology enthusiast. Also, with increasing adoption of smart phones, consumers are becoming more familiar with touch controls and world of apps which, in turn driving their attraction towards adoption of smart appliances.

As connected home appliances generate more profit for the appliance makers as compared to traditional ones, manufacturers are diverting their focus from simple appliance manufacturing business to this business (connected appliance manufacturing), in order to increase their profitability margin. On the other hand, in various under developed or some of developing regions, lack of internet infrastructure and affordability issue are the factors hindering the growth of global connected home appliances market.

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Market Competition

The key players in the global connected home appliances market include AT&T Inc., Honeywell International, Inc., ARRIS Group Inc., Comcast Corporation, Robert Bosch GmbH, Samsung Group, Whirlpool Corporation, and General Electric among others.

Attributed to the presence of such a high number of participants, the market is highly competitive. While global players such as AT&T Inc., Honeywell International, Inc., ARRIS Group Inc., Comcast Corporation, Robert Bosch GmbH account for considerable market size, several regional level players are also operating across key growth regions, particularly in the Asia Pacific.

In April 2021 – Whirlpool of India, presents the IntelliFresh Pro Bottom Mount Refrigerator, powered by Advanced Adaptive Intelligence Technology that automatically senses changes in weather, load and usage patterns and adapts the cooling accordingly.
In June 2022 – GE Profile announced the availability of its Top Load 900 series, the first-ever washer with Alexa built-in and the latest addition to the series announced earlier this year as part of the new GE Profile laundry portfolio.

Connected Home Appliances Market: Market Players

The key players of global connected home appliances market include AT&T Inc., Honeywell International, Inc., ARRIS Group Inc., Comcast Corporation, Robert Bosch GmbH, Samsung Group, Whirlpool Corporation, General Electric and others.

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Key Segments Profiled In The Connected Home Appliances Industry Survey

Connected Home Appliances Market by Appliance Type:

Connected Laundry Appliances
- Smart Washers
- Smart Dryers
- Others
Connected Security Appliances
Connected Water Treatment Appliances
- Smart Filters
- Smart Water Heaters
- Smart Water Softeners
- Water Filtration Systems
Connected Kitchen Appliances
- Smart Refrigeration
- Smart Cooking Appliances
- Cleaning Appliances
Other Connected Home Appliance Types
- Smart LED Lighting
- Smart Air Purifiers & Filters
- Smart Compactors

Connected Home Appliances Market by Technology:

Wi-Fi-powered Connected Home Appliances
NFC-powered Connected Home Appliances
Bluetooth-powered Connected Home Appliances

Connected Home Appliances Market by Region:

North America Connected Home Appliances Market
Latin America Connected Home Appliances Market
Europe Connected Home Appliances Market
Asia Pacific Connected Home Appliances Market
Middle East and Africa Connected Home Appliances Market

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Vibration Control Systems Market Navigation, Imaging and Positioning Solutions Market

Demand for vibration control systems is likely to witness a revival in 2021, according to the latest edition of the study by ESOMAR-certified market research firm, Future Market Insights (FMI). The study also finds that a significant percentage of industry players are confident of growing investments in automation, a strategy stalled by COVID-19 outbreak. However, the pace of recovery is likely to be muted in 2021, with a robust recovery anticipated in 2022 onward.

As the automotive industry has grown significantly over the past years, the demand for various type of vibration control systems such as automation control, motion control, vibration control, and others has increased substantially. With vibration control system manufacturers bringing in a flurry of products, Future Market Insights (FMI) expects outlook to be bullish during the period 2021-2031

As the key end-use industries such as mining & quarrying, food manufacturing, textiles, and others are subject to expend further, the vibration control system manufacturers are expected to witness significant demand in the future.

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Key Takeaways

High demand for anti-vibration cylinders likely to be witnessed
Original Equipment Manufacturers (OEM) continue to be preferred by end-users
Rise in requirement from transportation industry to fuel sales of vibration control systems
Sales in US will be nearly 50% of global demand
China remains a strong market in APAC
Sales in Japan and South Korea expected to recover steadily

Automotive Industry Outlook Key to Future Sales

As vibration control is of utmost importance in automotive industry, the steady growth in this industry is raising the demand for it further around the globe. According to the European Commission (EC), the automotive industry is crucial for Europe’s prosperity, representing 8.5% of European Union (EU) employment in manufacturing, while the turnover generated by the automotive industry in Europe represents over 7% of EU GDP.

According to the Select USA, the U.S. automotive industry is expanding steadily, while in 2018, the additional exports of automotive parts were valued at US$ 88.5 billion. As stated by the United States Auto Alliance, of the US$ 105 billion spent on R&D globally, almost a fifth (US$ 18 billion) was spent in the U.S. in 2018. As these rates are forecast to increase further, the players in the vibration control system industry are set to experience significant growth in the coming years.

Who is Winning in this Space?

The global vibration control system market remains fiercely competitive. To consolidate their position, the key players are emphasizing on diversifying their products. For instance,

Lord Corporation announced a new brand for its portfolio of electromechanical products: Lord Electromechanical Solutions in 2018
Cooper Standard launched its new range of vibration control system solutions applicable for diverse end-use industries, while it named to Newsweek’s America’s most responsible companies 2021 list.

Key Players:

The global vibration control system is fragmented – some of the key players operating in the global vibration control system market are-

HUTCHINSON
DynaTronic Corporation Ltd.
Cooper Standard
GERB
Technical Manufacturing Corporation
LORD Corporation
Trelleborg AB
Farat Ltd
Bridgestone Corporation
FUKOKU CO., LTD
VICODA GmbH
MUPRO Services GmbH
Kinetics Noise Control, Inc.
Dynamic Solutions Systems, Inc.
Isolation Technology Inc.
ACTOM PTY LTD
Fabreeka
VSL International Ltd.
Resistoflex (P) Ltd.
Guangzhou YiTaoQianChao Vibration Control Technology Co Ltd

Market players are focusing on new product launches and innovation to consolidate their position.

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Vibration Control System Market Segmentation by Category

By System:

Vibration Controls
- Isolating Pads
- Isolators (Metal, Rubber)
- Couplings (Spool, Shear, Bolt, Bush)
- Anti-Vib Cylinders (Male, Female)
Motion Controls
- Springs (Air, Coil)
- Hangers
- Washers & Brushes
- Mounts (Hydraulic, Pneumatic)
Automation Control
- Absorber (Miniature, Industrial, Heavy Industrial)
- Dampers (Hydraulic, Pneumatic, Damping Pads)

By End Users:

Mining & Quarrying
Oil & Gas
Utilities
Transportation
Food Manufacturing
Bev. & Tobacco
Textile Mills
Bi-Products
Chemical mfg.
Electrical Equip.
Machinery Mafg.

By Sales Type:

O.E.M
Aftermarket

By Region:

North America
Latin America
Europe
Middle East and Africa (MEA)
East Asia
South Asia
Oceania

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Connected Home Appliances Market is expected to grow at an 8.8% CAGR to reach US$ 78,371.7 Million by 2032

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Connected Home Appliances Market: Drivers and Restraints

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Market Competition

In April 2021 – Whirlpool of India, presents the IntelliFresh Pro Bottom Mount Refrigerator, powered by Advanced Adaptive Intelligence Technology that automatically senses changes in weather, load and usage patterns and adapts the cooling accordingly.
In June 2022 – GE Profile announced the availability of its Top Load 900 series, the first-ever washer with Alexa built-in and the latest addition to the series announced earlier this year as part of the new GE Profile laundry portfolio.

Connected Home Appliances Market: Market Players

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Key Segments Profiled In The Connected Home Appliances Industry Survey

Connected Home Appliances Market by Appliance Type:

Connected Laundry Appliances
- Smart Washers
- Smart Dryers
- Others
Connected Security Appliances
Connected Water Treatment Appliances
- Smart Filters
- Smart Water Heaters
- Smart Water Softeners
- Water Filtration Systems
Connected Kitchen Appliances
- Smart Refrigeration
- Smart Cooking Appliances
- Cleaning Appliances
Other Connected Home Appliance Types
- Smart LED Lighting
- Smart Air Purifiers & Filters
- Smart Compactors

Connected Home Appliances Market by Technology:

Wi-Fi-powered Connected Home Appliances
NFC-powered Connected Home Appliances
Bluetooth-powered Connected Home Appliances

Connected Home Appliances Market by Region:

North America Connected Home Appliances Market
Latin America Connected Home Appliances Market
Europe Connected Home Appliances Market
Asia Pacific Connected Home Appliances Market
Middle East and Africa Connected Home Appliances Market

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Classified Platform Market is expected to be worth $8,964.9 million USD-FMI

The global market for classified platforms is anticipated to grow from 8,964.9 million in 2022 to US$ 25,879.2 million by 2032, at a CAGR of 11.2%.

Although the paradigm shift from print to digital has wreaked havoc for the former’s bottom line, it has driven revenues for the latter. As traditional media organisations make the move to digital formats, a new category of websites and apps has had users hooked.

Classified advertising websites, such as Olx, and Groupon have gained massive popularity over the years, influencing new entrants to leverage on the behemoth opportunities available in the market.

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The global classified platform market is currently dominate by online players, and the status quo will only become stronger in the future. Success of online classified platforms, such as Craigslist, Olx, Quickr, Wallapop, letgo, and VarageSale have caught the attention of venture capitalists and budding entrepreneurs.

In addition to e-commerce websites and social platforms, online classified platform market has emerged as a lucrative investment option for angel investors. The global classified platform market has been dominated by Craigslist for over two decades now. However, considering the recent spate of investment in classified ads sector, Craigslist will finally have competition.

However, new entrants in the market will have to quell challenges Craigslist has been grappling with for years – vulnerability to scams and dummy offers. Upcoming players will have to build trust and reliability to stay profitable in the long run.

Round-the-clock costumer support, stringent quality and verification checks, and consumer feedback through ratings and buyer experience are effective ways through which classified ad companies can address some of the challenges prevalent in their market.

Considering the ever-increasing barrage of online threats and hacks, it is imperative for classified ads to have a robust security in place, which offer both preventive and recovery mechanisms.

Increase in smartphone ownership and proliferation of internet in populous countries of the world is expected to have a positive impact on the global classified platform market. Amalgamation of e-commerce and classified will open up the market, posing challenges to the traditional Goliaths, like Craigslist.

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Overall, the global classified platform market is poised for strong growth, with entry of new players, consolidation, and technological innovations expected to grab headlines in the future.

Websites/apps that follow the horizontal mode of operation offer a broad range of products, including mobiles, furniture, books, accessories, real estate, and jobs. Classified ad websites that offer niche services, such as specialised car, consumer electronics, and real estate follow the vertical operation model.

Craigslist Inc., Finn.no, Gumtree (ebay), Quikr India Private Limited (CommonFloor.com), OLX, Inc., Rightmove plc, Backpage.com are some of the key player of the global classified platform market.

Key Segments Profiled in the Classified Platform Market Survey

By Operating Model:

Horizontal
Vertical

By Region:

North America
Latin America
Asia Pacific
The Middle East and Africa
Europe

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