Thursday, 16 January 2020

Wearable Sensors Market Is Set To Reach USD 4.0 Billion By 2024

The global wearable sensors market is set to reach USD 4.0 billion by 2024, witnessing a CAGR of 32.4% during the forecast period. Increasing the advancement of wearable sensing, wireless communication techniques, high performing processing systems and low consumption of energy are the major factors that are bolstering the growth of the global wearable sensors market. Wearable sensors are helping the users in monitoring blood pressure, heartbreak, respiratory rate and fever along with falling, drowning and sleeping.


Market Segmentation
On the basis of type, the global wearable sensors market is segmented into medical based sensors, image sensors, motion sensors, pressure sensors, position sensors, inertial sensors and others. Among different types of wearable sensors, motion sensors hold the largest share in the wearable sensors market, globally. The category is expected to witness a CAGR of 33.1% during the forecast period, since it is helping the business enterprises in generating enhanced output and provide extensive precision while monitoring and tracking activities of users.

Geographic Overview
Geographically, wearable sensors market in Asia-Pacific is expected to witness the fastest growth during the forecast period since OEMs are creating considerable support towards the enlargement of IMUs (inertial measurement unit) and MEMS (micro electro mechanical systems) technology that is helping various business organizations in assigning lower prices to the newly developed products from them. Moreover, it has been observed that there are several key players in Japan and China that are extensively investing towards the development and advancement of sensors that are pertaining towards the increasing demand of health and fitness tracking systems.


Competitive Insight
The market structure for global wearable sensors market is consolidated structure and the key players operating in the wearable sensors market include InvenSense, Inc., NXP Semiconductors, Panasonic Corporation, Robert Bosch GmbH, STMicroelectronics, Texas Instruments Incorporated, KIONIX, INC. (ROHM Co., Ltd.), Measurement Specialties, Inc., Analog Devices, Inc., ZOLL Medical Corporation (Asahi Kasei Corporation), Freescale Semiconductor, Inc. and Infineon Technologies AG.

Contact
Kundan Kumar
Manager: Client Care
Toll-Free: 8882533960
Official Email: kundan@vynzresearch.com

Cold Chain Market – Industry Overview, Market Segmentation, Geographic Overview, Competitive Insight, Analysis and Forecast To 2024, Versacold Logistics

Cold Chain Market Size
Cold chain refers to the temperature-controlled supply chain for uninterrupted storage and distribution of refrigerated products. The global cold chain market is predicted to grow at 9.4% CAGR during the forecast period with the market size reaching USD 325.9 billion by 2024. The major factor fueling the growth of the market include increasing demand for temperature control system to avoid health hazards, increasing penetration of e-commerce in food and beverage industry and increasing demand for convenience or processed food across the globe.


Market Segmentation
Based on the type, the cold chain market is categorized into refrigerated transport and refrigerated storage. Of both the categories, refrigerated storage holds the larger share in the market. With the huge demand for processed food, the demand for refrigerated storage is also very high to cater to the demand of large population base, globally. Also, the demand for refrigerated transport is increasing at the faster CAGR during the forecast period, due to the increasing demand for processed or convenience food in the retail sector and increasing adoption of the online distribution channel.

Insight by Application
On the basis of deployment type, the cold chain market is segmented into bakery & confectionery, fish, meat & seafood, fruits & vegetables, dairy & frozen desserts, and others. Of all, the cold chain market size is the largest for fish, meat & seafood and is anticipated to witness the fastest growth for dairy & frozen desserts during the forecast period. The demand for cold chain systems for fish, meat & seafood is the largest due to the dependence of large population, globally on the animal-based food products, and due to the enhanced chances of contamination by microorganisms if not kept at the desired low temperature.

Geographic Overview
Geographically, Asia-Pacific is the largest cold chain market and is also anticipated to grow at the fastest CAGR during the forecast period. The large population base, increasing urbanization, increasing demand for processed food are the key factors for the largest share of the region. Also, increasing foreign direct investment (FDI) inflow in emerging economies such as India, Vietnam, and Indonesia, is leading to the expansion of the market leaders in the retail industry into these countries.


Competitive Insight
Market players in the cold chain industry are investing capital to develop and adopt technologically advanced systems with lower greenhouse emission and energy efficient refrigeration systems. Americold Logistics, Interstate Cold, Preferred Freezer Services, Versacold Logistics, Agro Merchants Group, Nichirei Corporation, Lineage Logistics Holdings, LLC, Burris Logistics, Swire Cold Storage and Kloosterboer Group B.V. are some of the key players offering solutions in cold chain industry.

Contact
Kundan Kumar
Manager: Client Care
Toll-Free: 8882533960
Official Email: kundan@vynzresearch.com

Vertical Farming Market – Industry Overview, Key Player, Analysis and Forecast To 2024, LLC, Everlight Electronics Co., Ltd., Illumitex, Inc


Vertical Farming Market Highlight
The global vertical farming market is predicted to grow at 21.4% CAGR during the forecast period with the market size reaching USD 8.8 billion by 2024. The major factor fueling the growth of the market include increasing awareness regarding the consumption of high-quality food products, increasing demand for food-based on no herbicide and pesticide, limited agricultural land space. In addition. adoption of independent farming techniques with a focus on vegetables and fruits also supports the growth of the vertical farming market, globally.


Growth Drivers
The increasing awareness regarding the consumption of high-quality food products, increasing demand for food-based on no herbicide and pesticide, limited agricultural land space are the key factors leading to the growth in the vertical farming market, globally. The vertical farm helps to increase the productivity of crops by growing them in a limited space and climate-controlled environment. The technological advancements in the lighting industry have significantly supported the growth of the industry. With the use of artificial lights including grow lights the production of fruits and vegetables increases manifold.

Geographic Overview
Geographically, North America is the largest vertical farming market, due to the technological advancements, increasing research and development and increasing demand for no or low herbicide and pesticide-based crops. Moreover, increasing awareness among farmers, an increasing number of independent farmers producing crops in minimum space is also supporting the growth of the market in the region. Similarly, owing to the limited land space and the huge investment for vertical farming techniques, the demand for these farms is also increasing considerable in the second largest vertical farm market, among all regions, Europe.

Asia-Pacific vertical farming market is anticipated to grow at the fastest rate during the forecast period. The large population base, increasing the development of smart cities, increasing urbanization are the key factors leading to the adoption of vertical farming in the different countries of these countries. The increasing urbanization and increasing population in the countries such as China and India are creating huge stress on agriculture sector to fulfill the needs of consumers. Building based vertical farms are increasingly being popular and are anticipated to gain more traction in the coming years to overcome the burden on the agriculture sector and to ensure food security.


Competitive Insight
Market players in the vertical farming industry are focusing on the advancements for the providing controlled environment in the buildings to support conditions as close to nature. AeroFarms, Urban Crop Solutions, Sky Greens, agrilution GmbH, Vertical Farm Systems, Green Sense Farms, LLC, Everlight Electronics Co., Ltd., Illumitex, Inc., Koninklijke Philips N.V., and American Hydroponics are some of the key players offering solutions in the vertical farming industry.

Contact
Kundan Kumar
Manager: Client Care
Toll-Free: 8882533960
Official Email: kundan@vynzresearch.com

Asia-Pacific Vertical Farming Market – Analysis and Forecast To 2024, California LightWorks, Kessil, Kind LED Grow Lights


Image result for Asia-Pacific vertical farming
The Asia-Pacific vertical farming market is predicted to grow at 22.1% CAGR during the forecast period with the market size reaching USD 2,101.0 million by 2024.

The Vertical farming technique uses a (controlled-environment agriculture) CEA technology to preserve the environment and produce the crops even in densely populated areas of the city. This eliminates the excessive expenditure to be incurred on a rain-forest and helps in fulfilling the ever-increasing demand for crops amongst the increasing population of Asia-Pacific.


Growth Drivers
The increasing demand for environmentally friendly production of fresh fruits and vegetables with no use of pesticides is driving the demand for the vertical farming market in Asia-Pacific. The consumption of organic food is helping people to lessen their symptoms if they are suffering from allergies to foods or chemicals.

Moreover, the geographical opportunities of vertical farming in Asia-Pacific are creating enhanced opportunities for the vertical farming market to grow exponentially. The region of Asia-Pacific is providing various opportunities to develop such building-based vertical farms and shipping container vertical farms. The region aims at supplying large pounds of pesticide-free crops and also saves the water consumption of the region since the vertical farming technique requires less water than the customary farming system.


Geography Insight
Asia-Pacific is observed to witness the fastest growth in the market. As the region comprises of largest population and they require a technique to meet the demand of this ever-increasing population. Moreover, this region is considered to be very adaptive in implementing the vertical farming technique and any new technology in the region. Thus, the demand for vertical farming in the region will expand significantly in the near future.

Competitive Insight
Some of the key players operating in the Asia-Pacific vertical farming market are Koninklijke Philips N.V., OSRAM GmbH, Illumitex, GE, Valoya Oy, Everlight Electronics Co. Ltd., Epistar Corporation, LumiGrow Inc., LEDHydroponics, Fionia Lighting, NET LED Limited, Apollo Horticulture, Grow LED Hydro, California LightWorks, Kessil, Kind LED Grow Lights, Spectrum King LED Grow Lights, Sunprou Opto-Technology Co. Ltd. and Shenzhen Jing Chuang Xing Technology Co., Ltd.

Source: VynZ Research

North America Vertical Farming Market – Analysis and Forecast To 2024, Indoor Harvest, Sky Vegetables, Sundrop Farms and Ecopia Farms.


Image result for North America Vertical Farming
The North American vertical farming market is predicted to grow at 21.9% CAGR during the forecast period with the market size reaching USD 2,802.5 million by 2024.

The Vertical farming technique uses a (controlled-environment agriculture) CEA technology that helps in preserving the natural environment that helps in producing the crops to ensure even distribution of crops in densely populated areas. The techniques help in eliminating the excessive expenditure incurred by the commercial grower on a rain-forest system. This technique is also helping the commercial growers to grow the fruits and vegetables that comprises of increased demand throughout the year irrespective of any alteration in climate. The crops grown using this technique are helping the people to consume fresh and toxin-free produce as the crops are produced with the help of an organic approach.


Growth Drivers
The increasing adoption of techniques that are conducive for the climate and increasing demand for organic products is the primary factor aiding towards the growth of the vertical farming market in the region. The demand for organic products in the region is increasing at a rapid pace owing to the nutritional content available in those products. The content of antioxidants is greater in the organic products than those available in the conservatively produced crops. The use of this technique requires less water than the traditional vertical farms and as the result, it greatly saves the energy requirement for the manufacturers that are contributing towards the enhanced demand for the vertical farming market in the region.

Geography Overview
Geographically, North America is the largest vertical farming market as the people of North America are increasingly demanding organic foods due to increasing awareness for consuming a healthy diet. The people of this region are becoming conservative in their consumption approach and are increasingly consuming healthy food. The region is creating spaces for building building-based vertical farms and it is helping the manufacturers to satisfy the increasing demand of the consumers for food. Moreover, vertical farming is enabling the region to fulfill the required demands of the consumers as commercial growers are developing vertical farms in this region and will continue to do so in the near future.


Competitive Insight
Some of the key players operating in the North American vertical farming market are AeroFarms, Gotham Greens, Bright Farms, Vertical Harvest, Home Town Farms, Infinite Harvest, Lufa Farms, Beijing IEDA Protected Horticulture, Farmed Here, Garden Fresh Farms, Metro Farms, Green Sense Farms, Indoor Harvest, Sky Vegetables, Sundrop Farms and Ecopia Farms.

Source: VynZ Research

Europe Vertical Farming Market – Analysis and Forecast To 2024, Metropolitan Farms, Green Sense Farms, and Green Spirit Farms


Image result for European vertical farming
The European vertical farming market is predicted to grow at 21.6% CAGR during the forecast period with the market size reaching USD 2,298.3 million by 2024.

The Vertical farming technique helps the manufacturers in producing crops in vertically stacked columns and rows. The technique utilizes the controlled-environment agriculture (CEA) technology that helps in controlling humidity, nutrients, gases, temperature, and light. This technique causes less ecological influence and enables the manufacturer to utilize reduced water and energy than the customary farms. The manufacturers can efficiently utilize their resources and produce significantly more food with minimum consumption of land.


Growth Drivers
The increasing demand for environmentally friendly production of fresh fruits and vegetables with no use of pesticides is driving the demand for the vertical farming market in Europe. The consumption of organic food is helping people to lessen their symptoms if they are suffering from allergies to foods or chemicals. The demand for organic foods is increasing as it provides more nutrients such as antioxidants than those of conventionally grown counterparts.

Geography Insight
Europe is the second-largest vertical farming market after North America as the technique is satisfying the needs of the urban population. The technique aims at delivering the crops where the consumption of this product is highly focused. The demand for vertical farming is increasing enormously in order to satisfy the demand for an enhanced urban population. The swelling ecological and cost-effective pressure to develop products such as lettuce in the location near to the residing place of end customers is expected to further strengthen the demand of this market in Europe.


Competitive Insight
Some of the key players operating in the European vertical farming market are AeroFarms, Gotham Greens, Bright Farms Inc., Vertical Harvest, Home Town Farms, Infinite Harvest Inc., Lufa Farms Inc., Beijing IEDA Protected Horticulture Co., Ltd., Farmed Here LLC, Garden Fresh Farms CSA, Metropolitan Farms, Green Sense Farms, and Green Spirit Farms.

Source: VynZ Research

E-Cigarette Market – Analysis and Forecast To 2024, VMR Products LLC, Altria Group Inc., Japan Tobacco Inc., Philip Morris International Inc


E-Cigarette Market Highlights
The global e-cigarette market is expected to grow at a CAGR of 21.4% during the forecast period with its market size predicted to reach USD 53.4 billion by 2024. The global e-cigarette market is anticipated to be driven by the factors increasing health concerns over the usage of conventional tobacco-based cigarettes, vaping without ash or smoke, technological advancements leading to product innovation, increasing adoption through direct sales. Different types of product such as disposable and rechargeable cig-a-like are the major contributor to the e-cigarette market size, globally.


An electronic cigarette is enabled with the help of battery that further discharges nicotine, or non-nicotine solutions dosages in a vaporized form, that can be easily inhaled by the consumer. It does not create smoke although enables the user to get a similar manner of sensation as inhaled from the smoke of tobacco. This offers smokers a better alternative to avoid smoking and its ill effects.

Growth Drivers
Increasing awareness of the hazardous effects on health due to smoking and changing lifestyle and preferences, technological advancements leading to product innovation, and increasing adoption through direct sales are the key factors attributing towards growth in the e-cigarette market. Electronic cigarette is less harmful than regular cigarette, which has resulted in the development of alternatives that have helped consumers quit traditional cigarettes. Cancer caused by smoking is one of the major concerns affecting people, globally. Furthermore, e-cigarettes eliminate the risk of cancer and changing lifestyle of consumers thus helps in the growth of the e-cigarette market. There are several vendors which are regularly making advances in the technology thus making the consumers to shift towards the market.

Industry Ecosystem
Globally industry players are fueling the growth of the e-cigarette market by providing new and regional flavors for the e-cigarettes. The major players are collaborating with high-end tobacco manufacturers to form monopoly. This gives them an edge to get ahead of the competition.


Geographic Overview
Geographically, North America dominates the e-cigarette market due to earlier advancements in the technology of this segment, and high disposable income of citizens of countries such as the U.S. and Canada. Moreover, the Asia-Pacific is anticipated to witness the fastest growth during the forecast period due to the huge population of young generation and their inclination towards the e-cigarettes.

Competitive Insight
Key players in e-cigarette are investing into research and development activities. Many prominent players are acquiring established business players to deliver next-generation products. For instance, in July 2017, British American Tobacco p.l.c. completed the acquisition of the remaining 57.8% of Reynolds American Inc. The prominent players operating in the e-cigarette market are Turning Point Brands, Inc. (International Vapor Group), British American Tobacco plc, VMR Products LLC, Altria Group Inc., Japan Tobacco Inc., Philip Morris International Inc., Imperial Brands plc, NJOY Inc., Vapor Hub International Inc., and FIN Branding Group LLC.

Source: VynZ Research