Amusement Parks Market Is Expected To Grow At A CAGR: 5.8% Till End Of 2025

San Francisco, 18 June 2019 – The global amusement parks market size is expected to reach USD 70.83 billion by 2025, according to a study conducted by Grand View Research, Inc., progressing at a CAGR of 5.8% during the forecast period. Rising introduction of hotels and resorts in parks premises and increasing spending capacity of consumers is expected to stimulate the growth of the market. Moreover, amusement parks are appealing to visitors since they offer entertainment options for the entire family and include multiple theme-based attractions, live entertainment shows, and various rides for people of all age groups. In addition, disability access and excellent hospitality are other factors that draw people to amusement parks.

global-amusement-parks-market.png

Rapid expansion of the global amusement parks market, especially in Europe and Asia Pacific, is also one of the primary factors positively influencing market growth. For instance, Disney’s theme parks are established across the globe in different continents. Additionally, such parks attract millions of visitors every year. According to the Themed Entertainment Association (TEA), Disneyland California received 18.3 million visitors while Tokyo Disneyland received 16.8 million visitors in 2017.

Amusement parks are an essential part of the global entertainment and leisure industry. The latter is categorized into water parks, amusement parks, and theme parks. Demographic changes and rapid evolution of economic and social landscape are shaping the amusement park market. For instance, according to IAAPA, in the U.S., children below the age of 18 are not allowed on rides that include loops and inversions. Owing to this, various parks have introduced adventurous and thrilling rides for adults. This has resulted in popularity of amusement parks not only among kids but also among adults. This change in the age-based demographic aspect was undertaken by the industry to attract youngsters and their parents.

The market is marked by presence of key players, owing to which new entrants face challenges to enter the market. Significant capital investment, land procurement, climatic factors, and uncertainty about business success are some of the roadblocks in the growth of the market.

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www.grandviewresearch.com/industry-analysis/amusement-parks-market

 Further key findings from the study suggest:

  • Among ride types, the mechanical rides segment is projected to witness the highest growth over the forecast period. This is primarily driven by popularity of roller coasters among visitors who belong to 19 to 35 years of age group.
  • In 2017, the water rides segment accounted for over 13.0% of the overall revenue owing to 1.2% increase in the number of visitors at water parks across the globe
  • The 19 to 35 years age segment is likely to emerge as the fastest growing segment during the forecast period owing to presence of youngsters in this age group
  • The 35 to 50 years age segment also holds sizeable share in the market. Amusement parks organize entertainment shows, ferry rides, and vintage theme-based activities in order to attract visitors from this age group
  • The hotels & resorts segment is expected to post the highest CAGR during the forecast period owing to increasing investments from park owners to establish theme-based hotels and resorts for visitors. Availability of hotels & resorts within premises of park leads to visitors spending more time at the park
  • North America was the leading regional market in 2017. It is anticipated to register a significant growth rate during the forecast period. The growth of the market can be attributed to domicile of prominent players in the region
  • Major market players include Walt Disney Company, Six Flags Entertainment Corporation, Merlin Entertainment, and Comcast Corporation. These players are engaged in introducing innovative and advanced rides to gain a competitive edge in the market
  • In 2017, Six Flags Entertainment Corporation launched Twisted Cyclone, the fastest and loopiest roller coaster ride across the globe.

Grand View Research has segmented the global amusement parks market on the basis of rides, age, revenue source, and region:

Amusement Parks Rides Outlook (Revenue, USD Million, 2014 – 2025)

  • Mechanical Rides
  • Water Rides
  • Other Rides

Amusement Parks Age Outlook (Revenue, USD Million, 2014 – 2025)

  • Up to 18 years
  • 19 to 35 years
  • 36 to 50 years
  • 51 to 65 years
  • More than 65 years

Amusement Parks Revenue Source Outlook (Revenue, USD Million, 2014 – 2025)

  • Tickets
  • Food & Beverages
  • Merchandise
  • Hotels/Resorts
  • Others

Amusement Parks Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America
    • US.
    • Canada
  • Europe
    • UK.
    • Germany
    • France
    • Italy
    • Spain
    • Denmark
  • Asia Pacific
    • China
    • India
    • Japan
    • Hong Kong
    • Singapore
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa

Browse Full Press Release of This Report: www.grandviewresearch.com/press-release/global-amusement-parks-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Enterprise Streaming Media Market Is Predicted To Reach $57.57 Billion By 2025

San Francisco, 18 June 2019 – The global enterprise streaming media market size is expected to reach USD 57.57 billion by 2025, expanding at a CAGR of 17.8% from 2018 to 2025, according to a new study conducted by Grand View Research, Inc. Increase in internet penetration has enabled multi-national companies (MNCs) to adopt streaming media solutions as an effective alternative tool for conducting meetings, conferences, product presentations, client interactions, and other corporate communication. Thus, facilitating content delivery with a customized and interactive approach.

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Companies across varied verticals are focusing on deploying advanced enterprise streaming media solutions to communicate and deliver content to geographically dispersed workforce and strategic business units. The solutions enable companies to reduce communication costs and improve the quality of presentation and interaction. It also enables companies to develop and deliver customized training modules for their employees. Human resource teams of companies are using webcasting to offer training programs and skill development courses to employees.

Most companies are deploying enterprise streaming media solutions to improve their service delivery models and to effectively compete in the rapidly evolving business environment. Government agencies and educational institutions are also using enterprise streaming media to deliver online learning courses to students located in remote locations that lack conventional classroom-based infrastructure.

For instance, the Government of India launched SWAYAM, a free online education platform in July 2017. The platform was developed by the All India Council for Technical Education (AICTE) and the Ministry of Human Resource Development (MHRD) with the assistance of Microsoft Corporation. SWAYAM is capable of hosting approximately 80,000 hours of learning and 2,000 courses that include postgraduate, school, undergraduate, law, engineering, and other professional courses.

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/global-enterprise-streaming-media-market

Further key findings from the study suggest:

  • The video conferencing segment is anticipated to be the fastest-growing segment over the forecast period, owing to increasing focus of companies on deploying high-end devices to offer an immersive experience to users
  • The corporate communications segment is expected to gain traction owing to increase in mobile workforce due to geographical business expansion
  • The cloud segment is estimated to expand at the highest CAGR over the forecast period as it offers increased operational flexibility and rapid deployment capability to enterprises
  • The BFSI segment is likely to maintain its dominance and also emerge as the fastest-growing segment over the forecast period as enterprise streaming media provides banks with enhanced branch communication capability by facilitating easy sharing of digital audio and video with customers
  • Asia Pacific is poised to experience the highest CAGR from 2018 to 2025, as MNCs continue to expand their business operations and presence in the region.
  • Key players operating in the enterprise streaming media market include Adobe Systems Inc.; Apple Inc.; Avaya Inc.; AVI-SPL Inc.; Cisco Systems; Haivision Systems Inc.; Microsoft Corporation, Polycom, Inc.; SAP AG, and Spirent Communications PLC.

Grand View Research has segmented the global enterprise streaming media market based on solution, service, deployment, enterprise size, application, end use, and region:

Enterprise Streaming Media Solution Outlook (Revenue, USD Million, 2014 – 2025)

  • Video Conferencing
  • Video Content Management
  • Webcasting
  • Web Conferencing

Enterprise Streaming Media Service Outlook (Revenue, USD Million, 2014 – 2025)

  • Professional Service
  • Managed Service
  • Support & Maintenance

Enterprise Streaming Media Deployment Outlook (Revenue, USD Million, 2014 – 2025)

  • On-premise
  • Cloud

Enterprise Streaming Media Enterprise Size Outlook (Revenue, USD Million, 2014 – 2025)

  • Small & Medium Enterprise
  • Large Enterprise

Enterprise Streaming Media Application Outlook (Revenue, USD Million, 2014 – 2025)

  • Team Collaboration & Knowledge Transfer
  • Corporate Communications
  • Training & Development
  • Marketing
  • Others

Enterprise Streaming Media End Use Outlook (Revenue, USD Million, 2014 – 2025)

  • BFSI
  • Healthcare
  • Manufacturing
  • Government
  • IT & Telecom
  • Media & Entertainment
  • Retail
  • Others

Enterprise Streaming Media Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America
    • US.
    • Canada
  • Europe
    • UK.
    • Germany
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
  • Middle East & Africa

Browse Full Press Release of This Report: www.grandviewresearch.com/press-release/global-enterprise-streaming-media-market-analysis

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Laptop Market Is Estimated To Expand At A CAGR of 0.4% During The Forecast Period

San Francisco, 18 June 2019 – The global laptop market size is anticipated to reach USD 108.91 billion by 2025, according to a study by Grand View Research, Inc., progressing at a CAGR of 0.4% during the forecast period. Increasing urbanization and growing spending capacities of consumers belonging to middle and upper-middle classes, coupled with evolving lifestyles, are projected to help the global market gain significant momentum over the coming years. Furthermore, upsurge in demand for technologically advanced products, particularly in developing countries due to changing needs and consumption patterns, is poised to bolster market growth over the forecast period.

global-leisure-boat-market

Burgeoning popularity of affordable wireless connectivity and mobility solutions among consumers is likely to spur the growth of the market. Besides this, homogeneous standardization of laptops and advancements in technology are helping in increasing processing power, reducing power consumption, and cutting down costs. This, in turn, is working in favor of the market.

Improving internet infrastructure across the globe is also positively influencing the growth of the market. Factors such as adaptability of mature audiences to dynamic technological environments and favorable adoption of evolving technologies are also expected to trigger the demand for laptops over the forecast period. Moreover, government initiatives such as Made in China 2025, Digital India, and Make in India are also offering immense growth potential to manufacturers operating in the laptop market.

However, increasing sales of smartphones are estimated to be the key restraint for the growth of the market. Factors such as long-lasting battery life, low price, high-speed processors, and large screens, apart from other value-added features such as artificial intelligence, augmented reality (AR) apps, sensors, and enhanced hardware, are leading to wider adoption of smartphones, thereby hampering the sales of laptops.

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/laptop-market

 Further key findings from the study suggest:

  • The 2-in-1 laptop segment is anticipated to exhibit the highest CAGR over the forecast period. This can be attributed to growing demand for lightweight and technologically-advanced laptops
  • The 13″ to 14.9″ screen size segment is projected to expand at a CAGR exceeding 0.5% in terms of value over the same period as these laptops are ideal for diverse applications such as personal, gaming, and business
  • The USD 501-USD 1,000 segment accounted for a significant market share as these laptops offer long battery life, wide display screen, robust processors, and attractive design at relatively affordable price
  • Spiraling demand for online and augmented/virtual reality gaming among youths and professional gamers is bolstering market growth for gaming laptops
  • Asia Pacific is poised to register the highest CAGR owing to increasing government initiatives to manufacture low-cost but technologically-proficient laptops
  • Some of the prominent industry participants include Dell; HP Development Company, L.P.; ASUSTeK Computer Inc.; Apple Inc.; Acer Inc.; and Lenovo. OEMs are substantially investing in R&D to withstand competition and sustain their dominance in the industry.

Grand View Research has segmented the global laptop market based on the type, screen size, price, end use, and region:

Laptop Type Outlook (Revenue, USD Billion; Volume, Million Units, 2014 – 2025)

  • Traditional Laptop
  • 2-in-1 Laptop

Laptop Screen Size Outlook (Revenue, USD Billion; Volume, Million Units, 2014 – 2025)

  • Up to 10.9″
  • 11″ to 12.9″
  • 13″ to 14.9″
  • 0″ to 16.9″
  • More than 17″

Laptop Price Outlook (Revenue, USD Billion; Volume, Million Units, 2014 – 2025)

  • 0-500
  • 501-1,000
  • 1,001-1,500
  • 1,501-2,000
  • Above 2,001

Laptop End-Use Outlook (Revenue, USD Billion; Volume, Million Units, 2014 – 2025)

  • Personal
  • Business
  • Gaming

Laptop Regional Outlook (Revenue, USD Billion; Volume, Million Units, 2014 – 2025)

  • North America
    • US.
    • Canada
  • Europe
    • UK.
    • Germany
    • France
    • Italy
    • Spain
    • Denmark
  • Asia Pacific
    • China
    • India
    • Japan
    • Malaysia
    • Australia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • U.A.E.

Browse Full Press Release of This Report: www.grandviewresearch.com/press-release/global-laptop-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Leisure Boat Market Is Expected To Raise At A CAGR: 4.3% Till 2025

San Francisco, 18 June 2019  – The global leisure boat market size is anticipated to reach USD 51.37 billion by 2025, according to a new report by Grand View Research, Inc., registering a CAGR of 4.3% during the forecast period.

The tourism industry has been changing drastically in recent times with increasing popularity of marine and coastal tourism activities. The world economy is experiencing a healthy growth and markets such as U.S. are rapidly recovering from the 2008 economic crisis, which, in turn, has resulted in a rise in consumer disposable income. There is also an increase in number of High Net Worth Individuals (HNWIs) across the globe, which has resulted in a surge in expenditure on leisure activities, thus leading to a boost in demand for recreational boats.

global-leisure-boat-market

Increasing number of boat shows and water sporting events are attracting a large number of boaters. Top manufacturers are sponsoring boat shows and events, which, in turn, is enhancing the popularity of leisure boats. A large number of people are participating in luxury boating activities, especially in European and North American countries, which is expected to further boost the market in these regions.

A number of technological modifications are taking place in boat building, such as adoption of IoT technology that enables appliances, physical structures, vehicles, smartphones, wearable devices, and heavy equipment to be connected to each other, while facilitating an exchange of information through a single network. A connected boat provides enhanced safety, security, and accuracy, while also improving efficiency by digitalizing and optimizing various functions. Additionally, use of new boating building materials and increase in R&D expenditure by boat manufacturers are driving the growth of the leisure boat market.

Measures taken by various governments to promote tourism activities in their countries are further boosting the market. Countries with rich natural resources such as vast coastlines and large inland water bodies are undertaking initiatives to promote recreational boating activities. U.S. has a rather long coastline, in addition to highly developed infrastructure and a large population that participates in leisure boating activities. This opens up new growth opportunities for the leisure boat market. The French government is encouraging yacht manufactures by providing them support in various forms, thus enabling companies to invest in expanding their yacht maintenance and construction capacities.

Growing popularity of marine tourism, rise in number of government initiatives, and increasing sales of recreational boats in developing economies such as India and China are expected to drive demand over the forecast period. Measures taken by the Chinese government for development of yachting as a recreational activity as well as development of marinas in coastal regions have boosted the growth of the Chinese leisure boat market.

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/global-leisure-boat-market

Further key findings from the report suggest:

  • Leisure boats are projected to witness a strong demand owing to changing economic situations and rise in consumer disposable income across the world
  • Sports yachts are expected to record a high demand in developed countries owing to active participation of people in recreational boating activities and marine sporting events
  • Implementation of IoT technologies, GPS mapping, and smart sensors in boats increases safety and security of the boat, which, in turn, is expected to increase demand for recreational boats over the forecast period
  • Boat manufacturers are focusing on promotional activities and boating events to attract more buyers in many developed as well as developing countries
  • In 2016, North America dominated the global market in terms of revenue and was valued at USD 16.60 billion
  • Key players in the market include Avon Marine; Azimut Benetti S.p.A.; Baja Marine; Bavaria Yachtbau GmbH; Bombardier Recreational Products (BRP) Inc.; Brunswick Corporation; and Chaparral Boats, Inc.

Grand View Research has segmented the global leisure boat market on the basis new leisure boat, used leisure boat, equipment, and region:

Leisure Boat New Leisure Boat Outlook (Revenue, USD Billion, 2014 – 2025)

  • Motorized/power boats
    • Personal watercrafts
    • Outboard boats
    • Yacht
      • Yacht Type
        • Super yachts
        • Flybridge yachts
        • Sport yachts
        • Long-range yachts
        • Others
      • Yacht Length
        • Up to 20 ft.
        • 20-50 ft.
        • Above 50 ft.
      • Others
    • Non-motorized boats
      • Kayaks
      • Canoes
      • Others

Leisure Boat Used Leisure Boat Outlook (Revenue, USD Billion, 2014 – 2025)

  • Motorized/power boats
    • Personal watercrafts
    • Outboard boats
    • Yacht
      • Yacht Type
        • Super yachts
        • Flybridge yachts
        • Sport yachts
        • Long-range yachts
        • Others
      • Yacht Length
        • Up to 20 ft.
        • 20-50 ft.
        • Above 50 ft.
      • Others
    • Non-motorized boats
      • Kayaks
      • Canoes
      • Others

Leisure Boat Equipment Outlook (Revenue, USD Billion, 2014 – 2025)

  • Boat and yacht monitoring solutions
  • IoT sensors
    • Water detection sensor
    • Voltage meter
    • Temperature and motion sensor
    • Others
  • Telematics solutions
  • Others

Leisure Boat Regional Outlook (Revenue, USD Billion, 2014 – 2025)

  • North America
    • US.
    • Mexico
    • Canada
  • Europe
    • UK.
    • Germany
    • France
    • Italy
    • Sweden
  • Asia Pacific
    • India
    • China
    • Japan
    • South Korea
  • South America
    • Brazil
  • Middle East and Africa (MEA)

Access Official Press Release Of This Report: www.grandviewresearch.com/press-release/leisure-boat-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Multiple Platform Support Have Driven The Mobile POS Terminals Market In Various Applications

San Francisco, 18 June 2019 – The Global Mobile POS Terminals Market is expected to reach USD 42.99 billion by 2022, according to a new study by Grand View Research, Inc. Mobile POS terminals have evolved from basic payment processing tools to advanced analytics solution providers with greater processing capability and wireless communication support. The inflection of these terminals came with the adoption of consumer grade devices such as tablets for business use. Ubiquitous wireless connectivity such as the Bluetooth, availability of mobile printers, scanners, card readers and peripheral devices; and multiple platform support have driven the mobile POS terminals market in various applications.

Mobile Pos Market

Sophisticated data analytics, growing credit card payments and ever-changing consumer expectations are expected to spur the mobile POS terminals industry. This growth has encouraged retailers to leverage new applications and strategies to deliver seamless customer experience. Mobile applications have the ability to create new channels for revenue growth; as a result, vendors are increasingly trying to understand various marketing channels available in order to leverage technology to compete. Flexibility of having a tablet-based mobile POS owing to low installation costs has attracted SMBs to invest in this technology. Reduced customer time in line, increased security, free floor space and paper-free receipting services are the features driving mPOS terminals demand over traditional or fixed terminals.

The growing penetration of tablet devices, rising base of SMBs and micro-merchants, need for effective line-busting schemes to encourage card adoption are expected to propel market growth over the coming years. However, lack of standardization and data security concerns may restrain mobile POS terminals market growth. Increased penetration of Near Field Communication (NFC) in mobile devices is expected to augment demand.

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/mobile-pos-terminals-market

Further key findings from the study suggest:

  • The mobile POS terminals market primarily includes components such as hardware and software. Mobile POS hardware systems accounted for majority of the market share in 2014; the segment is expected to lose market share through the forecast period. The software segment is expected to witness growth as consumers shift towards the use of consumer-grade electronics devices such as tablets for managing their POS needs.
  • Retail segment accounted for over 30% of the overall market share in 2014. Growing adoption of mobile POS technology across SMBs and micro-merchants is expected to drive segment growth.
  • Asia Pacific and Latin America mobile POS terminals market are expected to witness substantial growth over the forecast period. This may be primarily attributed to increasing low-cost manufacturing activities in the region. Surge in demand across application segments is expected to spur the regional market.
  • Notable companies operating in the industry such as Verifone, Ingenico, and Micros Systems provide various handheld and tablet-based mobile POS solutions. Verifone Systems introduced these solutions for SMBs along with iPayment to address the need of the marketplace.

Grand View Research has segmented the mobile POS terminals market on the basis of component, application and region:

Mobile POS Terminals Component Outlook (Revenue, USD Million, 2012 – 2022)

  • Hardware
  • Software

Mobile POS Terminals Application Outlook (Revenue, USD Million, 2012 – 2022)

  • Restaurants
  • Hospitality
  • Healthcare
  • Retail
  • Warehouse
  • Entertainment
  • Others

Mobile POS Terminals Regional Outlook (Revenue, USD Million, 2012 – 2022)

  • North America
    • US.
    • Canada
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
    • Mexico
  • MEA

Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-mobile-pos-terminals-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Smart Thermostat Market Is Soaring Swiftly Over The Forecast Period

San Francisco, 18 June 2019 – The global smart thermostat market is expected to reach USD 2.99 billion by 2022, according to a new study conducted by Grand View Research, Inc. These thermostats enable users to remotely control their air conditioning as well as heating systems through wireless connectivity and mobile apps. Smart thermostats form an integral part of smart homes and have gained high traction in developed regions such as Europe and North America. The industry is anticipated to witness a high adoption of these gadgets as they display the energy consumption level in real-time and are capable of adjusting to ambient conditions automatically. These devices can be connected to the internet and offer analytics and performance measurement tools through web-based portals. They are usually an integral part of the home automation ecosystem.

Smart Thermostat market.png

Energy utility retailers play a vital role in promoting the adoption of these devices in households. Many utilities offer these products as a part of their home energy management schemes. The involvement of energy retailers amplifies the potential for the smart thermostat industry growth. Additionally, the proliferation of mobile phones and their convergence with thermostats make these products much more attractive for the end-users.

The growing penetration of smartphones, rising per unit energy costs, the need for effective energy management solutions, and the favorable regulatory scenario are expected to propel the market growth over the coming years. The increased penetration of Near Field Communication (NFC) and ZigBee home automation devices is further expected to augment the demand. However, the high cost of devices and the associated data security concerns may restrain the growth prospects of this industry.

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/smart-thermostat-market

Further key findings from the study suggest:

  • The market primarily includes devices based on connectivity technologies such as Wi-Fi, ZigBee, and other technologies including NFC, Bluetooth, and Ethernet. ZigBee-enabled devices are expected to gain a significant share with the increasing consumers’ shift toward home automation devices.
  • North America and Europe, together, accounted for about 90% of the overall market share (in terms of revenue) in 2015 owing to the high demand for such devices in the region and favorable government mandates. The surge in the constructional activities and growing popularity of smart homes is expected to spur the demand.
  • Key players, including Honeywell International, Inc., Nest Labs, Inc. (Google), and Ecobee, together, accounted for over 40% of the overall market share (in terms of revenue) in 2015. OEMs have been focusing on the development of new products as well as upgrading the existing product portfolio. Strategic agreements and collaborations have been practiced for gaining competitive advantage.

Grand View Research has segmented the smart thermostat market on the basis of technology and region:

Smart Thermostat Technology Outlook (Revenue, USD Million, 2012 – 2022)

  • Wi-Fi
  • ZigBee
  • Others (Near Field Communication (NFC), Bluetooth, and Ethernet)

Smart Thermostat Regional Outlook (Revenue, USD Million, 2012 – 2022)

  • North America
    • US.
    • Canada
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • Australia and New Zealand
    • Japan
  • Latin America
    • Brazil
  • MEA

Browse Press Release of this Report: www.grandviewresearch.com/press-release/global-smart-thermostat-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

Increasing Manufacturing Activities In Developing And Developed Nations To Bolster Market Growth Over The Forecast Period

The global reference thermometer market size is expected to reach USD 12.91 million by 2025 at a 5.4% CAGR during the forecast period, according to a new report by Grand View Research, Inc. increasing manufacturing activities in developing and developed nations such as China and India are expected to bolster market growth over the forecast period.

global-reference-thermometer-market.png

A reference thermometer can be used as a temperature sensor as its resistance value changes with variations in temperature. These thermometers have been in use for a long period and find application in a host of industrial and laboratory temperature measurement processes such as petroleum lab, pharmaceutical lab, test facility, calibration lab, and pipeline flowmeter calibration. They are able to efficiently meet the need for accuracy, stability, repeatability, and reliability of measurement. Owing to the aforementioned features, the reference thermometer market is expected to witness high growth over the forecast period.

By device type, the handheld segment is expected to register the fastest growth owing to benefits such as portability. Furthermore, these devices are less expensive as compared to desktop devices, which are primarily used in the field of scientific research and development due to their enhanced accuracy.

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/reference-thermometer-market

Further key findings from the report suggest:

  • The global reference thermometer market was valued at USD 8.59 million in 2017 and is expected to reach USD 12.91 million by 2025, expanding at a CAGR of 5.4% over the forecast period
  • Increasing manufacturing activities in developing and developed nations is a prominent factor anticipated to drive the market through 2025
  • By device, the desk-top segment is anticipated to witness considerable growth, registering a CAGR of more than 4.5% over the forecast period. This growth can be attributed to their precise calibration capability and provision of detailed analytical reports, which is a primary requirement in research processes
  • The handheld segment is driven by the feature of portability offered by these high-tech devices. This is anticipated to boost demand for the same over the forecast period
  • On the basis of application, the industrial segment generated the highest revenue in 2017 and is expected to register a CAGR of over 6.0% over the forecast period. Rise in manufacturing activities due to increased foreign investments in this sector, especially in Asia Pacific, has primarily fueled this segment
  • North America accounted for over 35.0% of the market in 2017 and is expected to register a CAGR of over 5.0% over the forecast period. This is owing to extensive manufacturing, power generation, and construction projects in the region and anticipated penetration of reference thermometers in these applications
  • Key players such as Wika Instruments Ltd., Fluke Corporation, and Dostmann Electronic GmbH dominated the market in 2017 owing to their emphasis on expanding their market presence through mergers and acquisitions.

Grand View Research has segmented the global reference thermometer market based on device type, application, and region:

Reference Thermometer Device Type Outlook (Revenue, USD Thousand, 2014 – 2025)

  • Handheld
  • Desk-top

Reference Thermometer Application Outlook (Revenue, USD Thousand, 2014 – 2025)

  • Industrial
  • Medical
  • R&D
  • Others

Reference Thermometer Regional Outlook (Revenue, USD Thousand, 2014 – 2025)

  • North America
    • US.
    • Canada
  • Europe
    • UK.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa

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About Grand View Research

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