ReleaseWire Connect

The global flow sensors market is expected to reach USD 7.48 billion by 2020, according to a new study by Grand View Research, Inc. Increasing quest for new energy sources along with renewable energy development is expected to drive the flow sensors market over the forecast period. Regulations governing the industry have been favorable in stimulating market growth for different types of sensors. For example, standards laid by the EPA for power plants have increased the demand for gas flow sensors which are effective in monitoring gas leakage. Various initiatives are taken into consideration for energy conservation and efficiency over the years worldwide. For instance, Omron Corporation offers high performance MEMS flow sensors to optimize air conditioning energy efficiency.

The global bearings market is expected to reach USD 117.27 billion by 2020, according to a new study by Grand View Research, Inc. Growing need to address energy efficiency in several application areas is expected to drive the bearings market. Technological advancements along with investments in R&D activities are also expected to drive market demand over the forecast period. Development of seal technologies, light weight elements in high performance bearings and lubrication technologies offer several market growth opportunities. The aforementioned technologies exhibit high energy efficiency characteristics. Bearings help reduce energy consumption by reducing friction between several mechanical components in a wide range of industrial equipments and machinery. For example, the new E2 bearings developed by SKF are reported to help reduce friction significantly.

Global defibrillator market is expected to reach USD 15.75 billion by 2020, according to a new study by Grand View Research Inc. Defibrillators, owing to their capability to resolve cardiac related conditions such as cardiac arrhythmias, ventricular tachycardia and ventricular fibrillation are expected to witness substantial growth over the forecast period. Increasing incidences of cardiovascular diseases and rising geriatric population base are some key factors expected to drive market growth by widening the patient base. Moreover, improving healthcare infrastructure and growing focus of key market players on emerging economies is also expected to fuel the growth of this market. Defibrillators are most commonly used to deliver therapeutic doses of electrical energy to the heart in case of a cardiac arrhythmia. Rising mortality rates associated with sudden cardiac arrest (SCA) has led to a consequential rise in demand for defibrillators.

The global MVNO market is expected to reach USD 73.20 billion by 2020, according to a new study by Grand View Research, Inc. Increasing global mobile subscribers and demand for data services is expected to favor market growth over the next six years. MVNOs provide differentiated services to customers by targeting niche market segments such as retail, business, roaming, etc. This helps to avoid direct competition with MNOs and also generates additional revenues for both MVNO and MNO.

Global fungicides market is expected to witness significant growth on account of rising applications in crop protection in order to ensure higher yield and quality crops. Increasing consumption of fungicides in a variety of crops including cereals, rice, vegetables and fruits is expected to drive market growth. Rising demand for agricultural products along with modern farming techniques is expected to spur market growth over the next six years. Fungicides neutralize and inhibit fungal growth in crops, which is expected to contribute to market growth. Moreover, growing population mainly in developing markets including China, India and Brazil along with rising demand for food is expected to propel fungicide market over the forecast period.

Acetone market is expected to witness significant growth on account of its use in various end-use industries including medical, cosmetic and chemical. In addition, acetone is used in the manufacture of methyl methacrylate (MMA), bisphenol-A (BPA) and methacrylic acid. Rising demand for MMA in LCD's and electronic industry is likely to subsequently boost acetone demand over the next six years. Additionally, increasing use of bisphenol-A in the manufacture of plastics, antioxidants, lining of water pipes, dental filling sealants and foundry castings is likely to augment acetone market demand. Asia Pacific was the largest consumer of acetone on account of its growing use across an array of industries.

Increasing energy demand coupled with growing importance for renewable energy sources is expected to drive the global ocean energy market. Strategic initiatives by developed countries of EU such as Germany, Italy and Sweden to accelerate their shift towards renewable energy are expected to complement the market growth over the next six years. Volatile crude oil prices coupled with energy security concerns of energy dependent nations such as China and India is project to further drive the global ocean energy market. Inadequate capital from private financial institutions coupled with lack of market oriented electricity pricing in countries such as Canada is expected slower the pace of ocean energy market growth. High capital costs, technical difficulties and reliability in aspired output are the major challenges for ocean energy market growth. Eased legal procedures such as licensing and permitting, consensus on storage & distribution issues such as grid access and experience in deploying and operating ocean technologies is expected to yield much more information on assessing the cost of ocean energy technologies. This factor is expected to attract investments in the ocean energy market.

Increasing health awareness and shift in consumer fashion trends are projected to positively influence the global sports apparel market. Inclination towards durable, comfortable and functional apparel is presumed to bolster the sports apparel market growth over the forecast period. Creative advertising strategies coupled with intelligent product positioning are expected to further compliment sports apparel demand in the near future. Growing women participation in sports is presumed to further aid in the overall market growth. Superior apparel functionality coupled with rising disposable income levels are slated to fuel the global sports apparel market. Innovative marketing strategies to attract customers and penetrate the market are expected to drive the global sports apparel market sustainability. High sports apparel price along with growing availability of counterfeit and local products is anticipated to hinder the market growth. Aging demography in developed countries such as Japan and U.S. is expected to further affect sports apparel demand. Research on developing sports apparels with better functionality, superior characteristics and comfort offer ample opportunities to the industry participants. Targeted marketing activities offer vast opportunities to the industry participants in this previously untapped market.

Weight management market is expected to grow during the forecast period owing to the rising global prevalence of obesity, rising awareness about fitness and increasing popularity pertaining to organic food. However, alternative prescription based medicines is expected to restrain growth of this market in coming six years. Weight management market comprise of fitness and surgical equipments, diet and services. In diet segment, weight loss food is expected to be largest revenue generator sub segment and beverages as most lucrative sub segment. Wearable fitness monitoring equipments are gaining popularity due to advantages associated to it such as user friendly and compact.

Increasing incidence rates of atherosclerosis, heart valve issues, arrhythmias, diabetes and cardiomyopathy are some key factors driving demand for congestive heart failure treatment devices in coming six years. Approximately 5.1 million people in the U.S. have heart failure. Lifestyle habits such as smoking, lack of physical activity, unhealthy dietary habits are also increasing the incidences of congestive heart failure. Moreover, increasing geriatric population base is also expected to fuel the prevalence of congestive heart failure thereby propelling growth of this market in the forecast period.