Technavio market research analysts foresee positive growth for many sections of the automation industry in the next five years. In their recent findings, Technavio talks about three thriving markets under the automation industry that are anticipated to generate significant revenues and grow at a consistent rate during the forecast period.
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Global Wireless Building Management Services Market 2017-2021
The global wireless building management services market is primarily driven by the rising need for enabling real-time decision making. The vendors are integrating resources and building management systems like HVAC, lighting, and access control to increase the efficiency of building operation. These integrated systems will enhance the operational life of multi-building systems with the help of wireless sensors and controllers. The manufacturers are launching advanced wireless sensors in the market that can optimize the operation of several systems using environmental parameters like occupancy, temperature, and lighting. Furthermore, these systems can connect, regulate, and operate HVAC systems that will optimize the performance of the building and initiative effective energy management. Request a sample report.
Global Insulation Market 2017-2021
The adoption of green insulation will revolutionize the global insulation market. The insulation market generated revenues of almost USD 48 billion in 2016 and is expected to surpass USD 70 billion by 2021. The manufacturers are using advanced technology to develop eco-friendly insulation materials that will reduce adverse health implications. The government bodies across the world are promoting the use of eco-friendly and recyclable insulation in buildings. The extensive use of green insulation materials can help in reducing unnecessary environmental emissions and help to reduce the operational cost of the buildings.
Technavio’s research analysts divided the market geographically into the Americas, APAC, and EMEA. In 2016, APAC dominated the insulation market and accounted for close to 41% of the total market share. Urbanization and industrialization are driving the need for energy efficiency in buildings in the region and boost the sales of innovative products in the market. Request a sample report.
Global Electric Drives Market 2017-2021
The emerging demand for sensor-less drives will propel the growth in the global electric drives market. The electric drives market was valued at over USD 15 billion in 2016 and is expected to reach around USD 19 billion by 2021. The vendors in the market are developing micro-controller based integrated chip inside electric drives that can directly receive a signal through the Internet without the use of unreliable transmitter-receiver sensors. The introduction of these new devices will help to reduce the extra burden of using inaccurate physical sensors and boost the sales of drivers in the market.
ABB and Siemens are the leading players in the electric drives market and are integrating innovative technologies to expand their product portfolio. Recently, Siemens developed a new electric motor which weighs about 50 kg with the deliverable power of 260 kW that is five times more powerful than comparable drives systems. Request a sample report.
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