Archive for September, 2015


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 SPENDING ON IOT CLOUD PLATFORMS IS EXPECTED TO INCREASE TO $358 BILLION BY 2019

 

 

The Internet of Things (the IoT) for any enterprise requires integration of products and services of information (IT) and operational technology (OT) companies. IT covers the entire spectrum of technologies for information processing and includes embedded technologies that generate data for enterprise use. OT covers connected assets. Companies using IoT technology are going through an evolution, questioning the shift toward more “modern” Internet and big data technologies.

 

IoT technology creates the unique opportunity to collect real-time data from things (sensors, devices, and equipment) and combine that information with data and intelligence from business systems and people. Business processes become smart and connected and operational performance can be improved within individual functional organizations – including engineering, manufacturing, supply chain, quality, support and service – or across the enterprise as a whole. Such comprehensive visibility introduces real-time optimization capabilities for orders, materials, equipment status, costs and product quality. A personalized view of this information can be delivered via role-based applications to anyone, anywhere, at any time, allowing employees, customers and suppliers to make educated, split-second decisions with confidence.

 

The use of the cloud to connect assets brings many advantages, such as on-demand computing resources and storage. But the cloud also brings connectivity and security issues. Big data data stores such as Hadoop® and Cassandra can save time series machine data at much lower cost per terabyte (TB) than traditional data historians. Real-time analytics and messaging protocols used in very high speed financial algorithmic trading (for example, 25,000 transactions per second) can be leveraged in real-time industrial situations. Thus, information based on new low-cost sensors, along with improved ways of accessing and using data, provide increased context and value from industrial data that can enable productivity and revenue gains.

 

Cloud-based IoT architecture for manufacturing gives executives, line managers and business analysts access to analytics that transform sensor and other machine-generated data into real-time operational intelligence. IoT brings the visibility, flexibility, interoperability and intelligence required to unlock the full potential of manufacturing investments, leading to significant operational performance improvements.

 

Cloud-based IoT architecture leverages three of the most compelling current technology trends to unlock the potential of the IoT – big data analytics and cloud computing, as well as the Internet of Things.

 

With millions of electronic devices deployed around manufacturing and industries like oil and gas and mining, the capacity of organizations to conduct more efficient operations by gathering and analyzing data is critical. The willingness of organizations to deploy networking products and applications to capture and analyze that data will depend on how efficiently these networking solutions can be deployed and maintained and the expected benefits to be derived in doing so. IoT on a cloud platform aims to develop and market machine-to-machine (M2M) networking solutions at price points that can provide customers with a demonstrable return on investment.

The iRAP report titled ‘Internet of Things (IoT) – Cloud Platform for Industrial and Manufacturing Sector’ focuses on usage and spending on implementation of IoT cloud platforms in three specific identified core areas – digital manufacturing as per industry 4.0 standard; asset efficiency and optimum utilization; and optimization of the supply chain of components. The report examines dollar spending in 2014 on five core technology components of IoT cloud architecture – hardware, software, telecommunication, services and analytic solutions. The report includes forecasts for 2019 and analyses growth patterns in targeted core areas. The study also provides extensive quantification of the many important facets of market developments in the emerging markets of IoT cloud platform complied sensors, actuators, application hardware, communication providers, semiconductor components, microcontrollers, data centers, data analyst software and application software.

 

According to the report, global spending on IoT cloud platforms specific to these targeted areas of industry was valued at $80 billion in 2014, and is projected to increase to $358 billion by 2019 with a CAGR of 35%.

 

SUMMARY TABLE

GLOBAL MARKET SIZE/PERCENTAGE SHARE OF INTERNET OF THINGS CLOUD PLATFORM, 2014 AND 2019

($, BILLION)


2014 2019 CAGR (%) 2014-’19
Total
$80 $358

35%

 

Source: iRAP, Inc.

 

SUMMARY FIGURE

GLOBAL MARKET SIZE/PERCENTAGE SHARE OF INTERNET OF THINGS CLOUD PLATFORM, 2014 AND 2019

($, BILLION)

 

Untitled1

 

Source: iRAP, Inc.

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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

 

 

GLOBAL MARKET FOR POWER AND DISTRIBUTION TRANSFORMERS IS EXPECTED TO REACH $63,500 MILLION BY 2019.

 

Transformers are a vital link to the entire supply chain for electric power, from generation to transmission to distribution networks.

In the last decade, several new developments have taken place in the power and distribution transformers industry. As the original domestic, country-based networks have been built out and matured, markets have opened up and been deregulated in the western world to promote competition and efficient interconnections and creation of regional networks and markets. This evolution led to a change in the relationship between transformer manufacturers and buyers, from a local to a more global perspective, with a greater focus on economics on both sides. As a result, manufacturers also had to become more global, leading to consolidation and concentration of the industry. A very rapid build-out of manufacturing capacity occurred, particularly in Asia and South America, causing a substantial overcapacity at the end of the period, with new imbalances and instabilities in material prices. Multinationals, with global positions and common technologies emerged as a major force during this period.

 

According to a new report published by iRAP Inc., ‘Power and Distribution Transformers – Technologies, Materials, Applications, New Developments, Industry Structure and Global Markets’ the global market reached to about $41,560 million in 2014, and it is estimated to increase to $63,500 million by 2019 at a CAGR of 8.8 % per year from 2014 to 2019. China has the largest market share followed by the US, Europe, India and Japan.

 

Key drivers for future transformer market development include an increase in electricity demand in developing countries, replacement of old electric power equipment in matured economies, and a boost for high-voltage power transformers and capital expenditure in the power sector worldwide. In addition, the adoption of energy-efficiency standards in developed markets such as Europe and the United States, as well as in emerging markets such as China and India, are expected to create demand for new, more efficient electricity equipment, including power transformers. Also, new efficient transformer designs using amorphous magnetic materials for cores will become increasingly preferred because they can cut down iron losses and noise and demonstrate longer functional life. Utilities are demanding compliance to higher efficiency requirements in distribution transformers. Manufacturers have responded by tailoring their products to the energy evaluation factors specified by customers, so that it is now possible to purchase a high-cost, high-efficiency transformer or a unit with a lower first cost and lesser efficiency.

 

These developments have created a need to make a proper analysis of the technological and business issues, trends in manufacturing, markets and foreign competition. In addition, there was a need to look at the increasing demand, especially from China and India, and changes in industry structure and market trends.

 

The large global transformer industry results from the interplay between participating agencies at local, national and international levels, such as the bulk buyers of power transformers (PTs) consisting of independent power producers (IPPs), turnkey project construction companies, top utilities/power distribution companies, and electrical contractors engaged in transformer purchase. The industry also involves a large number of stamping/lamination fabricators and a mix of well-known multinational companies for PTs as well as many small/medium industrial units specialized in assembly and testing of distribution transformers (DTs).

 

 

SUMMARY TABLE

 

GLOBAL MARKETS FOR POWER TRANSFORMERS AND DISTRIBUTION TRANSFORMERS, 2014 AND 2019

($MILLIONS)

 

2014 2019 CAGR 2014-19
Total $41,560 $63,500 8.8

 

 

 

SUMMARY FIGURE

 

GLOBAL MARKET SHARE FOR POWER TRANSFORMERS AND DISTRIBUTION TRANSFORMERS, 2014 AND 2019

Untitled1

 

 

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=4 or contact at Tel: 203-569-7909, E-mail: marketing@innoresearch.net

 

Published Date: April 2015                                                       Price (Hard Copy): $2,750

 

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.