Monday, 28 December 2015

Smart Homes Market Hits $47.61 Billion By 2020: Grand View Research, Inc.



The global smart homes market is expected to reach USD 47.61 billion by 2020, according to a new study by Grand View Research, Inc. Emphasis on reduced carbon emission and energy conservation are expected to be the key driving forces for the market over the forecast period. Favorable regulatory initiatives for implementing smart homes owing to their energy efficiency characteristics are further expected to positively impact the global market over the next six years.
Increased aging population, which comprises a majority of end-users of this technology, is also expected to boost market growth. Introduction of smart grids, increased personal income in developing economies, assistance of power line communication, and growth of consumer electronics industry are factors expected to favorably impact market growth. Need for standardization, skilled labor and high initial cost due to the incorporation of advanced technologies such as IP and Bluetooth may pose a challenge to industry growth.

North America smart home market by application (USD Million), 2012 – 2020
North America smart home market 

Further key findings from the study suggest:
  • Security applications dominated the global market and accounted for over 20% of the overall market share in 2013. This is primarily owing to techniques such as security cameras, window sensor alarms and burglar alarms which notify users of a possible security breach. Energy management segment is expected to witness the fastest growth on account of growing awareness regarding energy efficiency coupled with the support of regulatory bodies for development of a smart grid and installation of smart electricity, water, and gas meters.
  • North America is expected to remain the market leader over the forecast period, and accounted for 41.3% of the global market revenue in 2013. The market in Europe is expected to grow at a CAGR of 21.3% from 2014 to 2020, owing to growing adoption of smart home systems.
  • Key industry participants include ABB Ltd., Siemens AG, Crestron Electronics, Inc., Honeywell, Emerson Electric Co., Schneider Electric S.A., Legrand S.A., Lutron Electronics, Inc., Ingersoll-Rand PLC, Tyco International Ltd., AMX and Control4 Corporation.
Browse All Reports of this category @ http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
For the purpose of this study, Grand View Research has segmented the global smart homes market on the basis of application and region:
Smart Homes Application Outlook (Revenue, 2012 – 2020)
            • Security
            • Lighting
            • Entertainment
            • Energy Management
            • HVAC
            • Others
Smart Homes Regional Outlook (Revenue, 2012 – 2020)
            • North America
            • Europe
            • Asia Pacific
            • RoW
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, U.S.A.
Grand View Research, Inc.
United States           
Phone:  1-415-349-0058
Toll Free:  1-888-202-9519
Email:  sales@grandviewresearch.com 
Website:  Grand View Research                          
Blog Site: http://www.divog.org/


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Wednesday, 23 December 2015

Car Rental Market Analysis, Size, Segment To 2022 by Grand View Research, Inc.



The global car rental market size is expected to reach USD 103.09 billion by 2022, according to a new report by Grand View Research, Inc. Increasing number of air travelers across the globe is expected to drive the car rental market growth over the forecast period. Service companies rent out vehicles to customers for a specific chargeable period. These companies are often organized across a range of local branches primarily near airports or busy city areas in order to facilitate customers to return the vehicle at a location of their convenience.
Contemporary car rental services are largely complemented by websites and smartphone applications, which make provision for online reservations. Changes in customer preferences due to fast penetration of smartphones coupled with fast internet access through affordable 3G and 4G LTE services are one of the key factors responsible for industry growth.
The booming international tourism industry has significantly driven industry growth. Car rental service providers offer a plethora of vehicle options which include luxury, executive, and economy vehicles, as well as SUVs and MUVs. The vehicles serve several segments of customer interests, such as leisure travel, business travel, airport transport, employee transport and all other types of local usage. However, stringent emission standards and volatility in crude oil prices are expected to hinder industry growth globally.
View summary of this report @ http://www.grandviewresearch.com/industry-analysis/car-rental-market-analysis-market

North America car rental market share by vehicle type, 2012-2022, (USD Billion)
North America car rental market 

Further key findings from the report suggest:
  • The airport transport application segment accounted for over 43% of the revenue share in 2014 and is expected to maintain steady growth on account of the increase in the number of air travelers. Service providers are attempting to leverage this trend by promoting and expanding their brands across all major airports, globally. An integrated, global service would enable these companies to manage their geographically-dispersed operations efficiently, thereby gaining a competitive advantage over other service providers.
  • Rapid globalization resulting in increased business trips across the globe is a major factor, propelling the demand for renting executive and luxury vehicles, which together contributed to over 40% of the revenue in 2014. Economy cars offer high fuel efficiency and can be rented at a cheaper cost as compared to their luxury counterparts, as a result of which they accounted for highest substantial share in the overall industry in 2014.
  • Asia Pacific car rental market is expected to grow at a CAGR of over 12.5% over the forecast period on account of high growth prospects of the tourism industry, especially in China, India, and South-East Asian countries. The Chinese government has banned car purchases in certain parts of the country to address increasing traffic and pollution which is expected to encourage people towards renting or sharing cars. North American and the European rental services are expected to witness substantial growth in business and leisure travelers. The growth can be attributed to multiple factors, such as increasing urban population, rise in the number of high-net worth individuals, escalating demand for recreational and leisure activities, and the flourishing economic scenario leading to an increase in consumer spending power.
  • Key companies in the car rental industry include Avis Budget Group, Carzonrent, Enterprise Rent-A-Car, EuropCar, The Hertz Corporation Inc, and Sixt. Companies are increasingly focusing on providing mobile applications and improving and making their websites customer-friendly to facilitate quick and easy bookings of such rental services.
Browse All Reports of this category @ http://www.grandviewresearch.com/industry/automotive-and-transportation
Grand View Research has segmented the global car rental market on the basis of vehicle type, application, and region:
Car Rental Vehicle Type Outlook (Revenue, USD Billion, 2012 – 2022)
  • Luxury cars
  • Executive cars
  • Economy cars
  • SUVs
  • MUVs
Car Rental Application Outlook (Revenue, USD Billion, 2012 – 2022)
  • Local
  • Airport Transport
  • Outstation
  • Others
Car Rental Regional Outlook (Revenue, USD Billion, 2012 – 2022)
  • North America
  • Europe
  • Asia Pacific
  • RoW
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, U.S.A.
Grand View Research, Inc.
United States           
Phone:  1-415-349-0058
Toll Free:  1-888-202-9519
Email:  sales@grandviewresearch.com 
Website:  Grand View Research                          
Blog Site: http://www.divog.org/


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Wireless Charging Market Forecast, Industry Outlook, Market Demand, Share 2015 To 2022 by Grand View Research, Inc.



The global wireless charging market size is expected to reach USD 22.25 billion by 2022, according to a new study by Grand View Research, Inc.
Shift towards charging pads to avoid the hassles caused by entangling of wires, malfunctioning ports after constant usage, and electric sockets’ scarcity in public places are some of the factors responsible for wireless power’s increasing popularity. Emerging adopters of this technology such as healthcare and military are expected to open new avenues for industry growth.
Manufacturers and developers are expected to face certain issues to come up with solutions compatible with the current wireless charging standards such as Wireless Power Consortium (WPC) and AirFuel Alliance. Both these standards have significant amount of reputed members under them, with some established players such as Broadcom, Qualcomm, and Samsung supporting both standards.

U.S. wireless charging market by application, 2012 - 2022 (USD Million)
U.S. wireless charging market 

Further key findings from the study suggest:
  • Inductive technology accounted for nearly 50% of the market share in 2014, which can be attributed to high penetration of WPC’s Qi platform in consumer electronics as well as Electric Vehicles (EVs) using inductive wireless power. Resonant and RF technologies are expected to gain prominence and considerably capture inductive’s market share over the forecast period. Resonant technology facilitates multi-device charging simultaneously, whereas RF technology is tailor-made for small devices such as wearables.
  • Consumer electronics contributed to over 60% of the overall revenue share in 2014 on account of high adoption of this technology by smartphones and tablets. Healthcare is expected to emerge as a lucrative application domain and is poised to grow at a CAGR of over 40% from 2015 to 2022. Development of a new technique by Stanford University’s researchers to charge cybernetic implants and sensors wirelessly has made possible the deployment of ultra-small devices deep into the body.
  • Asia Pacific occupied a significant portion of the revenue share in 2014, which can be attributed to high proliferation of smartphones and tablets in the region along with a potentially favorable market for EVs. The U.S. and Western Europe constitute key regional markets owing to consumers’ inclination to spend more on premium consumer electronics products coupled with food chains such as Starbucks and McDonalds offering charging hotspots and powering mats to customers.
  • The industry is characterized by heavy investments by industry participants for enhancing existing functionalities, which can be attributed to favorable venture capital support. Key players include Integrated Device Technology (IDT), Qualcomm, PowerbyProxi, WiTricity Corporation, Samsung, and Broadcom.
Browse All Reports of this category @ http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the global wireless charging market on the basis of technology, application, and region:
Wireless Charging Technology Outlook (Revenue, USD Million, 2012 – 2022)
  • Inductive
  • Resonant
  • RF
  • Others 
Wireless Charging Application Outlook (Revenue, USD Million, 2012 – 2022)
  • Automotive
  • Consumer Electronics
  • Industrial
  • Healthcare
  • Defense
  • Others 
Wireless Charging Regional Outlook (Revenue, USD Million, 2012 – 2022)
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, U.S.A.
Grand View Research, Inc.
United States           
Phone:  1-415-349-0058
Toll Free:  1-888-202-9519
Email:  sales@grandviewresearch.com 
Website:  Grand View Research                          
Blog Site: http://www.divog.org/


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