Technavio market research analysts foresee positive growth for many segments of the unit operations sector in the next five years. In their recent findings, Technavio talks about three booming markets under the unit operations sector that are anticipated to generate considerable revenues and grow at a consistent rate during the forecast period.
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Global HVAC Aftermarket 2017-2021
The integration of Internet of things (IoT) with new monitoring systems will fuel the growth in the global HVAC aftermarket during the forecast period. Advancement in monitoring systems and intelligent technology will help in tracking the energy consumption of a building and control the energy output of an HVAC system. The introduction of innovative solutions helps commercial building owners develop efficient systems for building processes that will provide real-time remote monitoring and actionable analytics. The data readings from these systems will assist management teams to improve building and equipment control and reduce operational costs. Integration of cloud and predictive analytics will help in the development of the HVAC aftermarket over the next few years. Request a sample report.
Global Warm Air Heater Market 2016-2020
The emergence of smart thermostats will boost the demand in the global warm air heater market and will help the market to generate revenue from over USD 3 billion in 2015 to around USD 4 billion by 2020. Smart thermostats are automatically installed with advanced firmware and algorithms which has the learning ability to help in boosting the energy efficiency of buildings while incurring low installation costs. Smart thermostats provide additional insights on energy consumption and temperature requirements. Furthermore, these devices are enabled with Wi-Fi, which allows the users to adjust the room temperature automatically from a remote location with in-depth information on energy use.
Market research analysts at Technavio divided the market into the Americas, APAC, and EMEA in terms of geography. EMEA dominated the global market and occupied around 46% of the total market share during 2015. The rise in construction activities, especially in the residential sector, along with easy credit facilities and altering consumer preferences are boosting the demand for warm air heaters in this region. Request a sample report.
Global Industrial Evaporators Market 2016-2020
The global industrial evaporators market is witnessing the development of e-beam evaporator systems, which, in turn, will help the market generate revenue of around USD 18 billion by 2020, an increase from over USD 13 billion in 2015. In e-beam evaporators, an electron beam is shaped from a filament and is directed through electric and magnetic fields to strike the source material, vaporizing it within the vacuum environment. The growth of mobile devices and the developments supporting the Internet of things (IoT) will help the vendors in the market launch innovative products and aid them in increasing their profit margins in the global market.
The key vendors in the market are investing in Asian countries like China, India, Indonesia, and Vietnam that have huge potential for industrial evaporators. Key vendor ENCON Evaporators recently introduced the ENCON Thermal evaporator, which is environment-friendly and is engineered to enable an effective and economical method of wastewater minimization. Request a sample report.
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