Archive for November, 2014


Press Release: Level Sensors

iRAP PRESS RELEASE

 

INNOVATIVE RESEARCH AND PRODUCTS, INC.

P.O. Box 16760, Stamford, CT 06905-8760, USA

(203) 569-7909; marketing@innoresearch.net, www.innoresearch.net

GLOBAL MARKET FOR LEVEL SENSORS TO REACH $3.8 BILLION BY 2017


Level sensors are one of the largest applications for sensor technology in the world today. Currently, industries use several different types of sensors to detect levels of fluids and help stop overflows. These sensors may be used to measure the level of fluids in a container or in a natural environment such as a lake. Fluid level measurement occurs in several ways. In the immersion method, for example, the capacitance of the sensor circuit changes as it is immersed in fluid, thus changing the frequency response as the fluid level rises or falls. Fluid level can also be measured from the outside of a non-conductive container. The response frequency from the sensor is dependent upon the inductance of the container plus the combination of fluid and air inside it, which corresponds to the level of liquid inside the container. Other types of more efficient sensors that are used by industry, such as optical level switches and magnetostrictive tank-gauging switches, offer high accuracy but at higher costs.

Over the past several years, iRAP has examined the sensor technology industry. Within this period, sensors technology used in level measurement has taken diverse configurations. As a consequence, the use of this technology is changing with time. Therefore, this report contains a thorough and detailed analysis of this technology and projects its growth potential.

According to the new iRAP report, S101-‘Level Sensors – A Global Industry, Technology and Market Analysis’, the 2012 global market for level sensors was estimated to be $2.7 billion. The market is estimated to reach $3.8 billion by 2017, showing a compounded annual growth rate (CAGR) of 5.5% per year.

From a regional market perspective, The Asian region is expected to exhibit growth that exceeds some of the world’s most vibrant markets of the Americas and Europe from $915.6 million in 2012 to $1.24 billion by 2017 with a rate of 6.2% annually. This exceptional growth trend is expected to prevail throughout the dynamic markets of the Asian region.

This study also reveals that Europe will experience reasonable growth of an estimated 5.0% in the demand for level sensors from $725 million in 2012 to reach $927 million in 2017. The intensity of demand for flow devices in Europe is expected to be quite significant.

The America’s flow level sensor market, led by the U.S., is expected to be the most dynamic market in the coming years, exhibiting a strong market growth phase. The overall level sensor market in The Americas is expected to grow from $879 million in 2012 to $1.1 billion in 2017 with a grow rate of 4.9% annually.

The emerging markets of the Middle East and Africa are estimated to be stronger than Europe and The Americas. In the five years, while Africa will see a growth rate of 5.8%, the Middle East will see a growth rate of 5.6%.

Among sensor types, the largest share goes to ultrasonic sensors, followed by hydrostatic. The third largest goes to a combination of capacitance, RF and conductivity sensors followed by radar sensors. The remaining goes to all other types of level sensors. Ultrasonic sensors will see the largest growth rate among all level sensors.

SUMMARY TABLE

GLOBAL MARKET FOR LEVEL SENSORS BY REGION THROUGH 2017
($ MILLIONS)

Region 2011

2012

2017 CAGR%

2012 – 2017

 

Africa 88.4 93.5 124.2 5.8
Asia and Oceania 868.3 915.6 1239.3 6.2
Europe 690.5 725.2 927.3 5.0
Middle East 119.3 126.0 165.4 5.6
The Americas 838.2 879.2 1116.7 4.9
Total 2,604.6 2,739.5 3,572.9 5.5

Source: iRAP

SUMMARY FIGURE

GLOBAL MARKET SHARE FOR LEVEL SENSORS BY REGION THROUGH 2017 ($ MILLIONS)

PIC3

Source: iRAP

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Published: November 2013 Report ID: S-101 Pages: 178
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iRAP PRESS RELEASE

 

INNOVATIVE RESEARCH AND PRODUCTS, INC.

P.O. Box 16760, Stamford, CT 06905-8760, USA

(203) 569-7909; marketing@innoresearch.net, www.innoresearch.net

 

 

PLATINUM GROUP METALS RECYCLING TO REACH $9 BILLION BY 2018

 

According to a new market research report published by Innovative Research and Products, titled “Global Market for Platinum, Palladium and Other Platinum Group Metals Recycling – A Global Technology, Industry and Market Analysis”, the global recycling market for these metals is expected to undergo about 8.2% market growth. Worldwide growth has the potential to expand from $6 billion in 2013 to about $9 billion by 2018.

 

The platinum group metals (PGMs), platinum, palladium and rhodium, have significant catalytic properties. Additionally, platinum metals possess natural beauty which makes them a valuable jewelry item in many parts of the world. Future demand for PGMs is expected to be heavily influenced by the automobile industry, while jewelry demand for platinum is expected to see significant growth among the key economies of Asia, such as China. Demand for platinum metals in industrial applications is also expected to rise along with the growing global economy.

 

The platinum group metals (PGMs) recycling industry has sustained growth in the last decade and is likely to continue this growth into the next decade because of the increasing value of PGMs and an expansion of technologies which depend on their physical properties. Economic growth in China, India Brazil and elsewhere has fostered a global increase in the use of automobiles, electronic devices and jewelry, all of which use recycled platinum metals. Additionally, within the industry, there has been growing innovation over the past decade in the technologies of PGM recycling.

 

Rising PGM prices which have occurred in recent decades have led to an increase in the recycling of these metals, which are used in automobile catalytic converters and electronic components. The recycling of PGMs usually starts with scrap refiners that collect scrap material such as waste catalytic converters and electronic parts that contain PGMs to extract the valuable metals. Other refiners usually buy the recovered PGM material to further upgrade the quality of the recycled material.

 

The demand for recycled platinum metals is expected to continue to increase in the coming years as new technologies which rely on the catalytic properties of PGMs, such as fuel cells, become more widely used the world over.

 

According to the new iRAP report titled ‘Recycling of Platinum, Palladium and other Platinum Group of Metals: A Global Technology, Industry and Market Analysis’, the Asian region offers the greatest opportunities for growth, a trend that is expected to continue through 2018. Asia is expected to exhibit growth that exceeds some of the world’s most vibrant markets in the Americas and Europe by expanding at a rate of approximately 9.2% annually.

 

The Americas recycled platinum metals market, led by the U.S., is expected to grow at a good rate in the coming years, while at the same time being one of the world’s key sources of recycled platinum metals. Between the years of 2013 to 2018, demand in the Americas will increase by a rate of some 7.5%.

 

This study also reveals that Europe will likely experience positive growth, estimated at 7.7%. The magnitude of the demand for these recycled precious metals in Europe in the year 2018 is expected to be significantly greater than the current European community market size. The Middle East and Africa are also emerging recycling market for PGMs.

 

SUMMARY FIGURE

 

GLOBAL MARKET FOR PLATINUM GROUP METALS RECYCLING FOR 2013 AND 2018

PIC2

 

              

 

 

 

 

 

 

 

 

 

Source: iRAP, Inc.

 

 

More details of the report are available from Innovative Research and Products (iRAP), Inc., visit http://www.innoresearch.net/reportlist.aspx?cid=10 or contact at Tel: 203-569-7909, E-mail: marketing@innoresearch.net

Published Date: April 2014                                                                    Price (Hard Copy): $3,650

 

Data and analysis extracted from this press release must be accompanied by a statement identifying  iRAP, Inc., P.O. Box 16760, Stamford, CT 06905,  USA, Telephone: (203) 569-7909, Email: marketing@innoresearch.net as the source and publisher. Thank you.

 

 

 

iRAP PRESS RELEASE

 

INNOVATIVE RESEARCH AND PRODUCTS, INC.

P.O. Box 16760, Stamford, CT 06905-8760, USA

(203) 569-7909; marketing@innoresearch.net, www.innoresearch.net

GLOBAL MARKET FOR HOME AUTOMATION ARCHITECTURE TO REACH $20.85 BILLION BY 2018

 

Home automation (HA) has made good headway into commercial markets in the past few years and is still growing. According to a recently published report from iRAP, Inc., “Home Automation Architecture: Types, Applications, New Developments, Industry Structure and Global Markets,” the global market for home automation architecture has been estimated to reach $11.95 billion in 2013, and is expected to grow to US$ 20.85 billion by 2018 with a CAGR of 11.7%.

Today, it is possible to control an entire “smart” home – audio, video, lights, thermostats, IP cameras, security systems and much more – with easy taps and gestures. It is possible to quickly browse movie, artwork, or music collections. Easy-to-use applications provide real-time, touch control of audiovisual systems, lighting, shades, room temperatures and more, from Android phone or iPhone, iPod Touch, iPad, or any other devices which can seamlessly communicate with a HA control system via 3G, GPRS, or EDGE cellular networks or Wi-Fi, to allow the convenience of remote use and control.

 

A rising standard of living, combined with growing awareness of energy efficiency and security requirements, is driving the demand for HA products. Steady recovery in the global economy and the real estate industry will also boost the market. Increasing numbers of young, technology-savvy home owners represent a positive indication for the future of the HA market. The growing smartphone and tablet markets are another positive indication for this market, as smartphones and tablets can be used in alliance with wireless technologies and the Internet for controlling and monitoring home devices and appliances.

From 2013 to 2018, telecom/mobile network operators will play a major role in reaching the mass market through affordable service and partnerships with manufacturers of HA products. There is additional opportunity in the area of enabling services such as remote device monitoring, firmware updating, and data management and analytics, among others.

“Managed solutions” refer to standard HA products offered by broadband service operators. It includes, besides traditional home security companies like The ADT Corporation, major telecom operators such as Verizon Wireless, AT&T, Comcast, Time Warner Cable Enterprises LLC, Swisscom AG and Bell Aliant Inc. Manufacturers of HA products need cable and telephone lines to connect their automation systems, while cable and telecom companies sell services based on gear supplied by the industrial companies, so manufacturers as well as cable and telecom companies act as both partners and competitors.

Mainstream Automation is a growing market, with products that are easy to use, interoperable, personalized, flexible and affordable. Luxury Installations cater to high income households seeking high-end customized home automation. Point Products are do-it-yourself (DIY) home automation products that can be economically wired and networked with smartphones or control panels by individuals according to their preferences.

The iRAP report on home automation architecture is focused on technologies and markets for Managed Solutions, Luxury Installations, Mainstream Automation and Point Products. The Managed Solutions had the largest market share of the total market in 2013 followed by Mainstream Automations, Luxury Installations and Point Products.

SUMMARY TABLE

GLOBAL MARKET SIZE/PERCENTAGE SHARE OF SECURITY AND HOME AUTOMATION ARCHITECTURE IN 2013 AND 2018

  2013

($ Mil.)

2013

%

2018

($ Mil.)

2018

%

% AAGR
Global Market Size of Security and Home Automation Architecture 11,950 100 20,850 100 11.7

Source: iRAP, Inc.

SUMMARY FIGURE

GLOBAL MARKET SIZE OF SECURITY AND HOME AUTOMATION ARCHITECTURE BY MARKET SEGMENT 2013 AND 2018

 PIC1

Source: iRAP, Inc.

More details of the report are available from Innovative Research and Products (iRAP), Inc., visit http://www.innoresearch.net/reportlist.aspx?cid=6 or contact at Tel: 203-569-7909, E-mail: marketing@innoresearch.net

       Published Date: April 2014                                                                    Price (Hard Copy): $3,750

Data and analysis extracted from this press release must be accompanied by a statement identifying  iRAP, Inc., P.O. Box 16760, Stamford, CT 06905,  USA, Telephone: (203) 569-7909, Email: marketing@innoresearch.net as the source and publisher. Thank you.