New Products Offerings in Industrial and Commercial LED Lighting to Spur its Growth

18 June 2020: The LED lighting technology offers high brightness and efficiency, has long lifespan, and high reliability than incandescent, high-intensity discharge (HID), and fluorescent lights. LED lights decrease the maintenance and operating costs and are also considered as environment-friendly lighting since they do not release harmful gases. LEDs release very less heat compared to compact fluorescent lights (CFLs) and incandescent bulbs. 

The industrial and commercial LED lighting retains high potential and rising demand for this LED lighting, mainly in emerging economies, is boosting its demand. Furthermore, companies in industrial and commercial LED lighting are accepting several innovative techniques to offer customers innovative and advanced product offerings.

Reducing Size of Traditional Lighting in Terms of Revenue and Units 

The major application variants of the industrial and commercial LED lighting market include architectural, outdoor, commercial, and industrial. Commercial lighting market estimated to account for more than half of the overall industry in 2014. Commercial application segment further includes hospitality, retail, buildings, education, warehouse storage, and office applications. The sector has observed high acceptance as a substitute to HID, incandescent, and fluorescent lighting.

The architectural application segment includes statues, illumination of building structures, landscapes and columns, digital signage, and other decorative features. Reducing the size of traditional lighting in terms of both revenue and units, and faster cost dropping of LED lights has inferences for its saturation in several application areas. 

The industrial sector is anticipated to be slow growing as compared to other counterparts on account of extensively used fluorescent technologies and high-intensity discharge (HID) with high performance. 

Furthermore, the outdoor application segment includes airport, industrial warehouse, government and healthcare corporate campus, municipal, and other non-public outdoor areas. Its demand can be affected by public rule interventions and municipality. 

Increasing demand for high resolution 10 mm billboards and signs, which are perfect for high-volume ordinary traffic sectors, and customizable content are expected to transform the outdoor display industrial and commercial LED lighting over the forecast period. 

Market Insights: 

The companies are focusing on improving technology by the growth of cost-efficient products with enhanced performance. Technology innovation, product development, and production optimization are crucial for industry participants to uphold a competitive edge. Leading players operating in the industrial and commercial LED lighting market include Philips Electronics; GE Lighting; Toshiba Corporation; Osram Opto; and Cree Inc.

Human Machine Interface (HMI) to Optimize of Industrial Processes

SAN FRANCISCO, November 20, 2018

Human-machine interface (HMI) is a user interface that connects user to machine or device. The interface includes hardware and software which enables user inputs to be interpreted as signals for machines, then provides required output to the user.

HMI technology is extensively adopted in various industries to optimize industrial processes. It reduces the manual efforts and helps to reduce throughput. HMI terminals are being increasingly implemented in various industries including packaging, automotive, oil and gas, healthcare, and aerospace and defense.

Software with Better Accessibility Will Drive Growth

HMI products are broadly categorized into display terminals, interface software, and industrial PCs. The display terminals are used in industrial automation systems along with interface software. Introduction of industrial internet of things (IIoT) are also driving demand for innovative displays. Traditional cathode ray tube (CRT)-based video terminals are being increasingly replaced with TFT-based capacitive displays. In addition, introduction of LCD, and LED-based UHD display are also expected to boost their application scope in the coming years.

Interface software is mainly used to exchange information across different components of computer system. Demand for interface software are expected to increase due to growing acceptance of PC-based open source controlling and monitoring systems. Productivity and quality can be improved by integrating analytics software with products. Software developers are concentrating on the development of the solutions that could provide greater access to information. For instance, Rockwell Automation has recently upgraded its HMI software. The newly added features in the FactoryTalk View software version 10.0 include new mobile device support and better cross-software integration to enhance productivity. The software is intended for monitoring and controlling distributed-server/multi-user applications. The new feature called TrendPro tool in FactoryTalk View Site Edition (SE) software can allow operator to connect alarm occurrences with data-point values to accelerate troubleshooting.

The industrial PCs are mainly used for process control and data acquisition. Industrial PC are expected to increase their demand with rising need for greater processing power and storage capacity.

Market overview
According to a report published by Grand View Research, Inc.; the global human machine interface (HMI) market is expected to accomplish a valuation of around USD 6.31 billion by 2025. Rise in adoption of industrial automation equipment in the manufacturing industry is expected to drive the market from 2014 to 2025. Advancements in HMI programming software with multi-vendor environment ability is anticipated to spur the market growth in the years to come.

However, high cost associated with installation coupled with lack of experienced staff can challenge the growth to an extent.

Some of the key companies operating in the human machine interface (HMI) market include Honeywell International Inc.; Eaton Corp.; Rockwell Automation Inc.; General Electric Co., and Emerson Electric Corp.

Innovative Commercial Kitchen Equipment to Ease Cooking

Rapidly increasing number of commercial food outlets across the globe is anticipated to propel the demand for advanced commercial kitchen equipment, such as ovens and refrigerators. These equipment make it easy for chefs and cooks to fulfill consumer demands, in terms of food taste and cuisines.

New Induction Cooking Equipment to Offer Smart Cooking

Commercial kitchen equipment include induction cooktops, refrigerators, ovens, dishwashers, and several others. The refrigerators segment accounted for 45 % of the overall revenue share in 2016. On the other hand, induction cooktops segment would generate huge revenue in the coming years due to rising demand for energy-efficient kitchen appliances. Most of the companies aim at introducing new and innovative equipment for commercial kitchens.

For instance, Hatco Corp. recently launched a new range of induction-cooking equipment for commercial kitchens called Rapide Cuisine. The new countertop induction range offers low-profile design to support rigorous kitchen jobs. In addition, it also offers pre-set programming capabilities and high-resolution Thin Film Transistor (TFT) display screen to view and adjust cooking temperature. Presently, the company is delivering only single countertop or built-in models; however, it is planning to launch the double countertop units as well.

Market Insights

The global commercial kitchen equipment market is likely to reach USD 112.47 billion by 2025, according to a report by Grand View Research, Inc. Increasing demand for Quick Service Restaurants (QSR) among youth is likely to stimulate the growth of this market over the forecast years (from 2018 to 2025). Increasing number of travelers opting for staying in hotels is also expected to fuel the market development in the next few years. High demand for low-calorie and healthy food products is also likely to have a major impact on the commercial kitchen equipment market expansion.

Rapidly growing international café outlets and Fast Food Chains (FFCs) is anticipated to propel the market demand. Development of railways across various regions, due to rising demand for superior on board facilities, along with expanding tourism sector can also spur market growth. Some of the leading companies offering highly advanced commercial kitchen equipment are Garland Group, Inc.; The Vollrath Company, LLC; G.S. Blodgett Corporation; Middleby Corporation Company; and Bonnet International.

Read more at: 

https://www.grandviewresearch.com/industry-analysis/commercial-kitchen-equipment-appliances-market

Matcha: Antioxidant and Vitamin-rich Ingredient

Matcha is a fine powder of green tea leaves. It is composed of high content of anti-oxidants, vitamins, minerals, and amino acids. It contains an exceptional class of antioxidant known as catechins. The catechin epigallocatechin gallate (EGCG) is found effective in prevention of cancer, cardiovascular diseases, type-2 diabetes, and other such diseases. The product is available in different grades such as classic, culinary, and ceremonial matcha.

Regular Tea is the Most Dominant Application

Matcha is increasingly being consumed as regular tea and is also used in food, beverages, and personal care products. In 2016, regular tea emerged as the largest application segment for matcha. Consumption of regular tea offers effective intake of nutrition-rich ingredients as well as energy stimulation.

Matcha also witnessed impressive rise in food segment is expected to grow rapidly in the forthcoming years. Growing demand for healthy food products is anticipated to impel demand for matcha in near future. The product can be used in various food recipes due to its bitter taste and malty flavor. It is also used for preparation of numerous food products including cakes, pastries, cookies, ice creams, cereals, chocolates, candies, and energy bars.

Increasing demand for low calorie drinks with detoxifying and energy boosting properties is likely to augment the demand for matcha from beverage sector. The product can be used in smoothies, lattes, mocktails, and juices. Increasing consumer fondness for healthy drinks has encouraged many cafes and beverage businesses to introduce matcha beverages.

Market Overview

According to Grand View Research, Inc.; the worldwide matcha market is projected to achieve USD 5.07 billion by 2025. Factors such as growing health consciousness and consumer awareness are some of the market driving factors. Prevalence of chronic diseases like obesity, diabetes, and cancer has increased the demand for healthy and nutritional food and beveragesubstitutes. This is anticipated to further boost the market during the forecast period (2014 to 2025).

In 2016, Asia Pacific accounted the largest share of overall market revenues owing to traditional tea culture in China and Japan.Some of the leading companies in the market are Ippodo Tea Co., Ltd., The AOI Tea Company, Midori Spring Ltd., AIYA America, and DoMatcha.

Visit at: https://www.grandviewresearch.com/industry-analysis/matcha-market

Accurate Reading Becomes Easy with Smart Electricity Meters

A smart electricity meter is a device that enables consumers to monitor consumption of electricity in real-time. It can digitally send meter readings to energy supplier for generating accurate electricity bills. These meters can also encourage the consumers to turn off electric appliances when not in use to control their usage of energy. Thus, they can receive the lower electricity bills.

Moreover, smart meters require real-time two-way communications between meter and supplier. This can be done with the help of wireless communication or connection over fixed line. Smart meters are extensively used in residential, commercial, and industrial applications.

Integrated Smart Grid Operation System

In order to maximize customer satisfaction and minimize power outages, Trakya Elektrik Dagıtım A.S. (TREDAS) recently teamed up with General Electric (GE) to develop an integrated automation system. This system includes Distribution Management Systems (DMS) Remote Control, Outage Management Systems (OMS), and Supervisory Control and Data Acquisition (SCADA).

Remote control and remote powering can be accomplished for more than 730 centers using integration of systems in one operation. For instance, they have use a GE-commissioned TREDAS SCADA system, also called as remote control and monitoring system along with a Call Center, on-site mobile applications, and Geographical Information System (GIS).

Distribution transformers are observed remotely therefore an outage can be noticed immediately. If any power outage is observed, the monitoring system can generate instant alerts for consumers.

Market Overview

According to Grand View Research, Inc.; the global smart electricity meters market may surpass around USD 49.9 billion by 2025. Rising efforts from energy suppliers to reduce reaction time required to resolve power outage can drive the global market. Attractive schemes and favorable policies by different governments can further boost growth over the forecast period (2014 to 2025). Preference and endorsement of green energy and availability of able transmission facilities are also some of the vital market drivers.

Some of the leading companies in the market are Iskraemeco; Itron Inc; Holley Metering Ltd; General Electric Company; ABB Ltd, and Holley Metering Ltd.

To get free sample report:

https://www.grandviewresearch.com/industry-analysis/smart-meters-market/request

Wearable Camera Manufacturers to Experiment with Design and Aesthetics to Boost Sales

Growing inclination toward sharing photos and videos through social media sites is creating a conducive environment for wearable camera technology to thrive. Wearable cameras are specially designed cameras for shooting videos with hands-free functionality. They are usually attached to an article of clothing such as a belt, harness, shirt, and helmet to create videos while the user is in motion.

Demand for Head-mount Cameras to Stay High through 2025

Wearable cameras can be of various types: body mount, head mount, smart glass, and ear mount. Head-mount cameras will be the most prominent segment throughout the forecast period (2014–2025). Their demand will be high for sports and adventure activities. Demand for body-mount cameras is gaining traction with manufacturers investing hefty funds into research and development. Several players are experimenting with the aesthetics of their products to boost sales. For instance, recently, Ubiquiti Labs released a new wearable camera, FrontRow, which is in the form of a necklace. The camera boasts a seamless touchscreen and user interface. It is developed on an Android-based operating system, which means continual developments and upgrades are possible to augment FrontRow’s functionalities.

Wearable cameras can be used in applications such as security, sports and adventure, industrial, and healthcare. The sports and adventure segment will be the leading segment throughout the same period. 

Market Insights

According to a report by Grand View Research Inc., the global wearable camera market is projected to rise at a tremendous CAGR of 18.19% between 2017 and 2025. Rising penetration of the Internet and proliferation of smart devices are likely to provide a fillip to the market. The growth of the market can also be attributed to increasing adoption of wearable cameras in applications such as healthcare, security, and sports and adventure. North America will be a key revenue contributor to the global market, thanks to the presence of a large number of manufacturers.

Some of the prominent players in the market are Xiaomi; Sony Corporation; GoPro Inc.; Vievu LLC; and Axon Enterprise, Inc.

To get free sample report at:

https://www.grandviewresearch.com/industry-analysis/wearable-camera-market/request