Wilmington, Delaware, United States, Nov. 14, 2023 (GLOBE NEWSWIRE) — Transparency Market Research Inc. – The market for commercial building automation accounted for US$ 32.96 billion in 2020. TMR predicts the commercial building automation market is expected to reach US$ 76.49 billion by 2031. Through 2031, the market is expected to expand at a CAGR of 8.3%.
Businesses are more likely to invest in building automation systems as their awareness of the benefits grows. Building owners and managers are encouraged to participate in education and training programs to gain a deeper understanding of the advantages of automation.
The integration of building automation with advanced security systems enhances overall safety. Access control, surveillance, and emergency response systems can be integrated into the automation platform, providing a comprehensive approach to building security.
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Global Commercial Building Automation Market: Key Players
The top Commercial Building Automation vendors are focusing on making more affordable Commercial Building Automations. The leading players are also diversifying their product portfolios and acquiring other companies. Other key trends in the Commercial Building Automation market include
- ABB Ltd.
- Cisco Systems Inc.
- Honeywell International Inc.
- Hubbell Inc.
- Emerson Electric Co.
- Johnson Controls International plc
- Robert Bosch GmbH
- Schneider Electric SE
- United Technologies Corp.
- Siemens AG
Key Findings of Market Report
- The growing government initiative to promote green buildings is driving demand for commercial building automation.
- Smart city initiatives and technologies are expected to drive demand for commercial building automation systems.
- Using automation to control and monitor energy usage, buildings can be made more energy-efficient.
- Many building control systems, including heating and security, are becoming more sophisticated and often rely on cloud technologies to operate remotely.
- Artificial intelligence and machine learning help predict equipment issues and improve building performance.
- With features like smart lighting and personalized climate control, automating buildings makes them more user-friendly.
- The number of connected devices in buildings is increasing, which makes it essential to protect building systems from cyber threats.
Global Commercial Building Automation Market: Growth Drivers
The need for energy conservation and increased awareness of environmental issues have contributed to the focus on sustainable practices. Controlling lighting, HVAC, and other systems via building automation systems (BAS) optimize energy consumption.
By optimizing energy usage, preventing preventative maintenance, and enhancing overall efficiency, building automation systems help reduce operational costs. Businesses increasingly adopt these solutions to reduce utility costs and improve building operations.
Building automation systems have been adopted more commonly due to energy regulations and government initiatives encouraging sustainable practices. Organizations that implement energy-efficient technologies may be eligible for financial incentives and rebates.
Building automation solutions have become more sophisticated and interconnected with technological advancements, such as artificial intelligence (AI) and the Internet of Things (IoT). Data analytics, remote control, and real-time monitoring are all made possible by these technologies.
By integrating building automation systems, occupants may experience greater comfort and well-being. Increased productivity and employee satisfaction are attributed to these systems because they provide optimal lighting, temperature control, and air quality.
Buildings that are intelligent and integrate multiple systems are becoming popular. Several IoT devices are now included in building management ecosystems, including access control, security, and data collection.
With global events such as the COVID-19 pandemic, remote monitoring and control of building systems have become increasingly important. Automation is a way to improve the flexibility of building operations by allowing building managers to perform operational management and optimization from any location.
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Global Commercial Building Automation Market: Regional Landscape
Europe is expected to lead the commercial building automation market. Regulations in Europe mandate automation in large, non-residential buildings. Regulations of this kind also positively impact the market demand for these products. Security concerns also contribute to the growth of security systems as they become more prevalent in commercial buildings.
According to the Buildings Performance Institute Europe (BPIE), automation can significantly reduce energy costs in virtually any commercial building, regardless of energy prices, usage, and climate. By controlling access to certain areas and monitoring activity, building automation systems can enhance security in commercial buildings. By detecting fires and other emergencies, these systems can also enhance safety.
Key Developments
- In October 2023, 75F, a leading provider of smart building automation, launched Saffron AI, a building automation platform powered by artificial intelligence. Through Saffron AI, facilities professionals will be able to communicate directly with their buildings, helping them reach new levels of efficiency.
- In November 2023, with the growing demand for smarter, more sustainable, and more connected cities, Grundfos, a leading pump manufacturer and water technology company, unveiled its new NK and NKE products in Singapore. With enhanced monitoring capabilities, additional connectivity, and ease of use, energy efficiency is enhanced with NKE pumps.
Global Commercial Building Automation Market: Segmentation
- By Product Type
- Power Supply
- Room Automation
- I/O Module
- Actuators & Actuators Module
- Controllers
- HVAC Systems
- Security and Surveillance
- Illumination and Light Sensors
- Fire Protection Systems
- Energy Management Systems
- Others (Interfacing Components, Elevator and Escalator Management, etc.)
- By Solution Offering
- Lighting Control and Regulation
- Interfacing and Inter-working with Other Building Systems
- Blind and Shutter Control
- Temperature Control and Regulation
- Energy and Load Management
- Security and Fault Monitoring
- Visualization and Remote Control
- Monitoring, Reporting, Display
- By End-user
- Offices
- Retail
- Hospitality Sector
- By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
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Wilmington, Delaware, United States, Nov. 14, 2023 (GLOBE NEWSWIRE) — Transparency Market Research Inc. –The global North America commercial fuel cards market is projected to flourish at a CAGR of 4.2% from 2023 to 2031. As per the report published by TMR, a valuation of US$ 230.9 billion is anticipated for the market in 2031. As of 2023, the demand for North America commercial fuel cards will close at US$ 185.6 billion.
The thriving growth of the e-commerce industry is expected to have a positive impact on the demand for North America commercial fuel cards market as it leads to a rise in usage of commercial vehicles for delivery purposes. E-commerce sales often involve the delivery of goods, which requires transportation.
Fuel cards that are integrated with e-commerce platforms can streamline fuel expense management for businesses, making it more efficient and cost-effective. By using these cards for e-commerce-related deliveries, businesses can save on fuel costs, which can be a significant expense for commercial operations.
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Competative Landscape
Expansion of product portfolios and mergers & acquisitions are the key strategies adopted by manufacturers in the industry. Leading players are also following the latest North America commercial fuel cards market trends to avail lucrative revenue opportunities.
- Arco
- BP p.l.c.
- Chevron Corporation
- Exxon Mobil Corporation
- Fleet Cards USA
- FLEETCOR Technologies, Inc.
- Pilot Travel Centers LLC
- Shell PLC (Shell)
- Speedway LLC
- U.S. Bank
The popular use of commercial vehicles for the transportation of industrial and consumer goods to and from neighboring countries such as Canada and Mexico, is likely to propel the North American commercial fuel cards market value. The increase in production of commercial vehicles to meet the growing needs of different industries is a major market catalyst.
Key Takeaways from the Market Study
- As of 2022, the North America fuel cards market was valued at US$ 178.2 billion
- Based on category, the smart cards segment is expected to dominates the market during the forecast period.
- By type, The branded segment is expected to dominate the market
North America Commercial Fuel Cards Market: Key Trends and Opportunistic Frontiers
- Economic growth and increased business activities can lead to a higher demand for commercial transportation services, contributing to the growth of the commercial fuel cards market.
- Partnerships between fuel card providers, financial institutions, and other relevant stakeholders can lead to the development of more comprehensive and attractive fuel card solutions for businesses.
- Companies looking to reduce their carbon footprint and adopt more sustainable practices may use fuel cards to monitor and manage fuel consumption, promoting more fuel-efficient driving habits.
North America Commercial Fuel Cards Market – Countrywise Analysis
- The United States is anticipated to account for major share during the forecast period. The flourishing growth of multiple industries which is leading to an increase in the number of commercial vehicles is anticipated to contribute to the country’s dominance positively. Moreover, the surge in number of businesses increasingly desiring to maintain accurate data on expenses drives the usage of fuel cards in the United States
- The market in Canada is projected to expand considerably during the forecast period. This is anticipated to be propelled by Canadian commercial vehicle owners increasingly being attracted by the fuel card capability to efficiently manage cost and track carbon footprint to help improve their shift toward sustainability.
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Key Developments in North America Commercial Fuel Cards Market
- U.S. Bank Voyager is a prominent player in the fuel card market, providing comprehensive payment solutions for fleets. The company’s Voyager Fleet Card is widely used for fuel and maintenance expenses.
- Comdata, a subsidiary of FLEETCOR, offers fuel card solutions and payment processing services. The company has a strong presence in North America, providing innovative solutions for fleet management.
- BP fuel cards offer fuel card solutions for businesses operating in North America, providing a range of features such as fuel rebates, reporting tools, and security features.
- Chevron and Texaco offer a business fuel card that provides businesses with convenient and efficient fuel management solutions, including detailed reporting and cost controls.
North America Commercial Fuel Cards Market – Key Segments
Type
Category
- Smart Cards
- Standard Cards
Vehicle Type
- Light Duty (Class 1-2)
- Medium Duty (Class 3-6)
- Heavy Duty (Class 7-8)
Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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Wilmington, Delaware, United States, Oct. 17, 2023 (GLOBE NEWSWIRE) — Transparency Market Research Inc. – The commercial refrigeration equipment market was estimated to have acquired US$ 40.1 billion in 2021. It is anticipated to register a 6.7% CAGR from 2022 to 2031 and by 2031 the market is likely to gain US$ 75.34 billion.
People throughout the world are spending more on numerous home appliances, including refrigerators, as their quality of life rises. The demand for commercial refrigeration equipment is growing as a result.
To diversify their equipment offerings, companies are expanding their production capacities for commercial refrigeration equipment for food trucks and kitchen refrigerators and freezers. To aid end customers in expanding their businesses in the food service sector, they are offering a comprehensive reference on commercial refrigeration.
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Key Findings of the Market Report
- The market for non-alcoholic beverages has expanded dramatically in recent years.
- This expansion is increasing the use of commercial freezers in a variety of commercial settings, including hotels, restaurants, and airports.
- Compact, reach-in, and under-counter refrigerators are the ideal types of commercial refrigerators for restaurants.
- Making effective use of refrigeration systems requires understanding the different types of commercial refrigerators and how they are used.
Market Trends for Commercial Refrigeration Equipment
- The demand for necessities like food and groceries has increased dramatically over time. Convenience stores, supermarkets, and department stores are among the retail establishments that are growing in number due to the increased need for necessities. The market for items related to commercial food refrigeration equipment is expected to benefit from this.
- In terms of application, the hypermarkets and supermarkets sub-segment of the food retail segment is expected to be the dominant segment of the commercial refrigeration equipment market.
- Cutting-edge food refrigeration systems offer useful designs that draw in customers. Other factors boosting the market’s expansion include shifting consumer habits in food consumption and an increase in the amount of food traded internationally. The food processing, convenience, and specialized food stores are expanding their use of refrigeration in the food business.
Global Market for Commercial Refrigeration Equipment: Regional Outlook
Various reasons are propelling the growth of the commercial refrigeration equipment market in different regions. These are:
- It is anticipated that developing nations in Asia Pacific would have significant expansion in the global market for commercial refrigeration equipment. It is projected that rising urbanization along with the proliferation of food supermarkets, retail chains, and hypermarkets in developing nations would increase demand for commercial refrigeration equipment throughout the projection period.
- The regional market is also driven by the expansion of industrial production and rising expenditures on the construction of both public and private infrastructure.
- North America also has a good opportunity to boost the demand of these products. The growing need for refrigeration systems that are both ecologically and energy-efficient is a major factor propelling the commercial refrigeration equipment market in North America.
- Businesses in North America are looking for refrigeration equipment that minimizes environmental effect and lowers energy costs as a result of tighter laws on energy usage and refrigerants, as well as a greater awareness about ecological sustainability. Companies are adopting eco-friendly refrigeration technologies—like natural refrigerants and sophisticated insulating materials—in greater numbers in an effort to fulfill their CSR objectives and save operating costs.
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Global Commercial Refrigeration Equipment Market: Key Players
The market for commercial refrigeration equipment is concentrated, with the bulk of the market share held by just a few of significant manufacturers. The majority of businesses are making large investments in thorough research and development projects. Key players mostly employ mergers and acquisitions and product portfolio diversification as their tactics.
The following companies are well-known participants in the global commercial refrigeration equipment market:
- AB Electrolux
- Daikin Industries Ltd.
- Dover Corporation
- Emerson Electric Co.
- Frigoglass S.A.I.C.
- Fujimak Corporation
- GEA Group AG
- Hussmann Corporation
- Johnson Controls International PLC
- United Technologies Corporation
Key developments in the global commercial refrigeration equipment market are:
| Company | Year | Key Developments |
| Fujimak Corporation | 2021 |
|
| Beijer Ref | 2021 |
|
| Stay Cold | 2020 |
|
Global Commercial Refrigeration Equipment Market Segmentation
By Product Type
- Freezer
- Blast Freezer
- Contact Freezer
- Refrigerator
- Walk-in Refrigerator
- Commercial Reach-in Refrigerator
- Under Counter Refrigerator
- Counter Top Beverage Refrigerator
- Merchandiser and Display Refrigerator
- Food Prep Refrigerator
- Reach-in refrigerators & Freezers
- Others (Serve Over Counter, etc.)
- Refrigerated Vending Machines
- Display Cases/Showcase
- Ice Cream Cabinets
- Bakery Display Cases
- Butchery Cases
- Others (Seafood etc.)
- Ice Cream Machines and Ice Machines
- Others (Transportation Refrigerators etc.)
Category
- Self-contained
- Remote Condensing
Refrigerant Type
- Fluorocarbons
- Inorganic
- Hydrocarbons
Application
- Food Service
- Full Service Restaurants & Hotels
- Quick Service Restaurants
- Caterers
- Others (Food Trucks, Caterers, etc.)
- Food Retail
- Hypermarkets & Supermarkets
- Convenience Stores
- Specialty Food Stores
- Other Retail Stores
- Food Distribution
- Food Production
- Others (Food Processing Industry, etc.)
Distribution Channel
- Direct Sales
- Indirect Sales
Region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact:
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Transparency Market Research Inc.
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Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
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Wilmington, Delaware, United States, Oct. 09, 2023 (GLOBE NEWSWIRE) — Transparency Market Research Inc. – The commercial drones market is projected to reach US$ 11.30 billion by 2031. Market revenues are expected to rise at a CAGR of 12.5% from 2021 to 2031.
Electromagnetic interference resistance is now becoming increasingly important with commercial drone technology evolving at a significant pace. Small aerial vehicles are becoming prominent in military operations, making electromagnetic countermeasures a priority.
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Depending on their features and capabilities, drones are used in a wide variety of industries. These industries include agriculture, military, construction, videography, mapping, public safety, and many others.
Innovators and start-ups offering commercial drone operations are expected to benefit from the implementation of drone-friendly regulations by governments around the world.
Drone manufacturers implement advanced autonomous flight capabilities which allow their operations to become simple and more efficient. Drones are being identified and tracked using remote identification systems in real-time to enhance safety and integrate better into existing airspace.
Global Commercial Drones Market: Key Players
Increasing geographical reach is a key strategy for companies to remain competitive and to serve a large customer base. The global market is becoming increasingly competitive as so many manufacturers are acquiring or collaborating with small companies. Some of the prominent players working in the market are
- Parrot S.A.
- Aurora Flight
- Denel SOC Ltd.
- DJI Innovations
- Draganfly
- Northrop Grumman Corporation
- Lockheed Martin Corporation
- Elbit Systems Ltd.
- Yuneec International
- General Dynamics Corporation
Key Developments
- In October 2023, ParaZero Technologies Ltd., and OVRL, a drone operator and trainer, announced that for the first time in Australian history, drones can now operate in above-populated areas using ParaZero safety systems. These have been approved by the Civil Aviation Safety Agency (CASA).
- In October 2023, DARPA searched for technology solutions that would enable autonomous commercial drones. The company introduced the Rapid Experimental Missionized Autonomy (REMA) program. REMA’s mission is to enable drones to continue executing predetermined missions even if operator connectivity is lost.
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Key Findings of Market Report
- Multirotor drones are set to gain momentum in the commercial drone industry.
- Inspection and monitoring applications are likely to dominate the market with an increase in public safety and rescue operations.
- Agricultural surveillance is expected to grow in Latin America, driving demand for commercial drones in the market.
- Commercial drone demand is expected to grow as military operations and regulations rise in the United States.
- Increasing technological advancements and demand for advanced sensors are expected to fuel the market’s growth.
Global Commercial Drones Market: Key Trends
There is a rising demand for aerial images and videos that are used to capture high-quality images for, real estate, filmmaking, and other visual media purposes.
Drones are widely used in the creation of detailed maps, virtual reality models, and detailed aerial surveys of landscapes, and construction sites. These drones are expected to be in high demand due to a growing military security and surveillance infrastructure.
Drones make it possible to inspect hard-to-reach areas like power lines, infrastructure, buildings, pipelines, and power lines in a safe and efficient manner. In contrast to manual inspections, the instruments can quickly detect defects, damage, and maintenance needs.
Videos are becoming increasingly important at various events, which will drive the demand for commercial drones in the market.
Artificial intelligence integration and technological advancement are expected to drive market growth. As 5G technology and high-speed internet demand grow, commercial drones are estimated to be in huge demand.
It is expected that the market is estimated to be driven by a rising number of social media influencers and the production of videos that represent diverse travel experiences to grow the market.
Search and rescue missions can be greatly enhanced by the use of drones equipped with thermal imaging cameras and sensor equipment. These enable aerial views of disaster-affected areas and locate missing people as well.
Global Commercial Drones Market: Regional Landscape
North America is expected to dominate the commercial drone market by 2023. With growing military sectors in the United States, commercial drones are likely to be in high demand.
To integrate drones into the national airspace, the United States created a Drone Advisory Committee comprised of industry stakeholders and regulators. Creating such committees would remove many of the obstacles to the growth of commercial drones.
Drones are among the most popular products in the United Kingdom, with a significant potential for growth. With a leading economy and an international presence, the country is well-positioned to manufacture drones.
Global Commercial Drones Market Segmentation
By Type
- Multi-rotor Drones
- Single Rotor Drones
- Fixed Winged Drones
- Hybrid Drones
- Others
By Application
- Surveillance & Monitoring
- Filming & Photography
- Inspection & Maintenance
- Mapping & Surveying
- Precision Agriculture
- Others
By Region
- North America
- Europe
- Asia Pacific
- The Middle East & Africa
- South America
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About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact:
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
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Wilmington, Delaware, United States, July 19, 2023 (GLOBE NEWSWIRE) — Transparency Market Research Inc. – The global commercial security system market was valued at US$ 134.4 Bn in 2022 and is projected to expand at a CAGR of 16.8% from 2023 to 2031.
Rise in adoption of next-gen security management systems to combat various security threats is fueling the commercial security system market. Furthermore, increase in crime rates in several regions is necessitating the deployment of security systems, thereby fueling market development.
Commercial security systems comprise products and services that are designed to protect business enterprises from various security threats. Surveillance cameras, intrusion detection systems, access control systems, and security monitoring systems are some of the commercial security systems. These products are used in combination to meet the specific needs and requirements of business enterprises.
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Market Snapshot:
| Report Coverage | Details | |
| Market Revenue | US$ 134.4 Bn | |
| Estimated Value | US$ 538.4 Bn | |
| Growth Rate – CAGR | 16.8% | |
| Forecast Period | 2023-2031 | |
| No. of Pages | 146 Pages | |
| Market Segmentation | By Offering, Application, End-use Industry | |
| Regions Covered | North America, Europe, Asia Pacific, Middle East & Africa, South America | |
| Companies Covered | Assa Abloy AB, Axis Communications AB, Bosch Sicherheitssysteme GmbH, Carrier Global Corporation, Dahua Technology Co., Ltd., Hangzhou Hikvision Digital Technology Co., Ltd., Honeywell International Inc., Johnson Controls International, Nortek Security & Control LLC, Tyco International Ltd., Other Key Players | |
Key Findings of Study
Rise in Adoption of Next-gen Security Management Systems Fueling Market Value – Adoption of IoT-based security systems is increasing, as it can leverage cloud-based storage and analytics solutions to store and process large volume of security-related data. Using these systems, businesses can access and examine data from multiple devices and locations, identify loopholes, and formulate processes for better security management.
According to Nasscom, the IoT market in India was valued at US$ 9 Bn in 2020. IoT-based commercial security systems can be integrated with other IoT equipment such as HVAC systems, lighting control, and alarm systems. Hence, rise in adoption of IoT-enabled security management systems is boosting the commercial security system market size.
IoT-based security management systems can be remotely controlled and managed through web-based interfaces or mobile applications. Business owners and security personnel can receive alerts, access live video feeds, and control security settings from any location, thereby improving flexibility and convenience.
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Growth in Deployment of Surveillance Cameras in Smart Cities –
Surveillance cameras are critically important in commercial security systems. They can be integrated with smart cities, thus boosting the overall security and public safety. Surveillance cameras enable real-time monitoring of commercial spaces, streets, and public places within a smart city. They capture video footage round-the-clock, detect intrusion, and promptly raise security alert. This is leading to an increase in adoption of surveillance cameras in smart cities, thereby augmenting market growth.
Surveillance cameras are deployed for traffic management in smart cities. These cameras are used to monitor traffic flow, identify congested areas, and detect violations, and thus assist in optimizing traffic management and improving public safety on roads
Launch of advanced surveillance cameras is opening up new revenue streams for key manufacturers. In March 2023, Axis Communications and Irisity AB collaborated to launch an advanced surveillance camera featuring AI-Powered Video Analytics.
The advanced product provides customers with an intelligent and comprehensive video security solution. Therefore, initiatives for the launch of advanced security solutions are contributing to the growth of the commercial security system market.
Extensive Deployment of Commercial Security Systems in Theft Deterrence Fueling Market Statistics – Based on application, the theft deterrence segment accounted for 31.1% market share in 2022.
Commercial security systems are primarily deployed to reduce crime in commercial spaces. These systems are equipped to deter theft and protect businesses from losses. Surveillance cameras, alarm systems, and access control are some components of commercial security systems that deter theft.
Rise in Deployment in Government Sector – Based on end-use, the government sector held significant share of 28.1% of the market in 2022. Commercial security systems are critically important in the government sector to ensure the security and safety of government operations, facilities, and personnel. Additionally, government departments deploy commercial security systems to boost public safety and support law enforcement initiatives.
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Growth Drivers
- Rise in adoption of next-gen security management systems is fueling the commercial security system market
- Increase in deployment of surveillance cameras in smart cities is augmenting market growth
Regional Landscape
Asia Pacific is anticipated to account for the leading market share during the forecast period. Rapid urbanization and economic development are key factors fueling market dynamics of the region. Rise in number of smart cities and surge in adoption of robust security systems in the commercial sector are propelling market expansion in Asia Pacific.
Competitive Analysis
Competition in the global industry is intense, with the presence of several large-scale players. Most vendors are investing significantly in R&D activities to launch new products.
Prominent players in the commercial security system market include Assa Abloy AB, Carrier Global Corporation, Honeywell International Inc., and Tyco International Ltd.
The commercial security system market has been segmented as follows:
Global Commercial Security System Market, by Offering
- Hardware
- Burglar Alarm Systems
- Fire & Light Safety Devices
- Security Cameras
- Others (Keycard Access Systems, Intercom/Entrance Systems, etc.)
- Software
- Services
Global Commercial Security System Market, by Application
- Indoor/Outdoor Surveillance
- Flood Detection/Protection
- Theft Deterrence
- Occupancy & People Counting
- Others (Queue Monitoring, Crowd Gathering, etc.)
Global Commercial Security System Market, by End-use
- Government
- Military and Defense
- Transportation
- Retail
- BFSI
- Sports and Leisure
- Others (Education, Hotels, etc.)
Global Commercial Security System Market, by Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact:
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Wilmington, Delaware, United States, June 26, 2023 (GLOBE NEWSWIRE) — Transparency Market Research Inc. – Need for multi-function capabilities and high print speed is anticipated to create growth opportunities for vendors and manufacturers in the commercial printer market.
Surge in adoption of energy-efficient office printers is likely to propel the market. The commercial printer market was valued at US$ 395.3 Bn in 2022 and projected to reach US$ 498.4 Bn by 2031.
Manufacturers are adding new features in commercial printers such as advanced control feature and automatic page feeders in order to bolster business growth and tap into opportunities in digital publishing and advertisement industries. Recent market trends indicate end-users are inclined toward multi-function commercial printers, especially among enterprises.
Key Findings of Study
- Increase in Usage of Commercial Printers in Packaging and Advertisement Industries: Small-sized business in end-use industries are keen on adopting commercial printers to reduce the cost of printing. Considerable usage of multifunction printers in packaging and advertising companies/agencies presents significant growth opportunities to companies in the market.
- Surge in demand for commercial printing solutions among SMEs for color printing and high-speed print abilities is anticipated to propel the market. Incorporation of advanced technologies, such as Wi-Fi and cloud, in commercial printers is anticipated to accelerate market development.
- Significant Adoption of Digital Printing Technology: Rise in utilization of digital printing technology in large corporations and advertising agencies is expected to augment global commercial printer market size. Digital printers are used by commercial end-users for high-speed, high-volume printing applications, in which the artwork is less intricate.
- Rise in need for cross media publishing is propelling the usage of digital printing, which, in turn, is expected to broaden market outlook. Rapid increase in popularity of digital books and a fast-emerging publishing industry in relation to personalized advertisement are expected to augment market size.
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Market Snapshot:
| Report Coverage | Details | |
| Market Revenue | US$ 395.3 Bn | |
| Estimated Value | US$ 498.4 Bn | |
| Growth Rate – CAGR | 2.7% | |
| Forecast Period | 2023-2031 | |
| No. of Pages | 160 Pages | |
| Market Segmentation | Product Type, Function, Printing Speed, Printing Volume Per Month, Price Range, Distribution Channel | |
| Regions Covered | North America, Europe, Asia Pacific, Middle East & Africa, South America | |
| Companies Covered | Epson America, Inc., Hewlett-Packard (HP), Xerox Corporation, Ricoh, Dell Inc., Brother, Lexmark International, Inc., Samsung, Oki Data Americas, Inc., Heidelberger Druckmaschinen | |
Key Growth Drivers of Commercial Printer Market
- Increase in demand for high-speed and high-quality printing solutions among small- and middle-scale businesses is a key driver of the commercial printer industry. Rise in adoption of commercial printers in workplace for high-volume office printing is a key trend that is propelling the market expansion.
- Significant utilization of digital printing technologies in large corporations, such as advertising agencies and print service providers, is anticipated to drive the commercial printer market. Companies in the market are tapping into significant opportunities due to increase in incorporation of inkjet and laser printing technology in commercial printing solutions.
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Regional Growth Dynamics
The commercial printer market in Asia Pacific is projected to offer substantial growth opportunities to printer manufacturers. Increase in demand for commercial printing solutions in the e-commerce industry is likely to fuel market growth in the region. Considerable usage of commercial printers among small- and medium-scale enterprises is likely to propel the market in Asia Pacific. Expansion of the advertisement industry is likely to boost market value in the region in the near future.
North America and Europe are anticipated to offer substantial market opportunities in the next few years. The market in these regions is projected to expand at a steady pace during the forecast period from 2023 to 2031. Rise in demand for commercial printers among advertising agencies, large corporations, and print service providers in the U.S. is expected to strengthen the market in North America.
Competition Landscape
Leading players are focusing on product portfolio expansion, merger & acquisition, and comprehensive research & development activities in order to increase market share.
Key players operating in the market are:
- Epson America, Inc.
- Hewlett-Packard (HP)
- Xerox Corporation
- Ricoh
- Dell, Inc.
- Brother
- Samsung
- Lexmark International, Inc.
- Oki Data Americas
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Segmentation
The commercial printer market is segmented based on
Product Type
- Laser Printer
- Inkjet Printer
Function
Printing Speed
- Up to 30 pages per minute
- 31 – 40 Pages Per Minute
- 41 – 50 Pages Per Minute
- More Than 50
- Pages Per Minute
Printing Volume Per Month
- Up to 3,000 Pages
- 3000 – 6000 Pages
- More Than 6000 Pages
Price Range
- Less Than US$ 150
- US$ 150 – US$ 300
- US$ 300 – US$ 600
- Above US$ 600
Distribution Channel
- Online
- Company-owned Websites
- E-commerce Websites
- Offline
- Specialty Stores
- Other Retail Stores
- Direct Sales
Region
- Asia Pacific
- North America
- Europe
- Middle East & Africa
- South America
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About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact:
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com
Wilmington, Delaware, United States, April 18, 2023 (GLOBE NEWSWIRE) — Transparency Market Research Inc. – Rise in adoption of environmentally-friendly resources for construction materials is likely to boost the adoption of manufactured sand. Surge in demand for sand in the construction of a range of infrastructure developments is expected to propel the market.
The global natural and manufactured sand market stood at US$ 146.1 Bn in 2022, and is anticipated to expand at a CAGR of 10.8% from 2023 to 2031 and reach US$ 368.0 Bn by the end of 2031.
Sand is extensively utilized as a key construction material for dams, bridges, and road. Recent trends indicate that river sand mining has an adverse effect on the environment such as disruptions caused to natural eco-system. In addition, natural sand resources have been continually depleting in several countries in the past few decades.
Implementation of regulations pertaining to aggregates and filler aggregates in buildings, roads, and civil engineering works is expected to offer significant opportunities to companies in the global natural and manufactured sand market. An instance is rise in adoption of manufactured sand to comply with EN 13139:2013 and EN 13139:2002.
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Key Findings of Study
- Increase in Preference for Manufactured Sand: High cost of transportation and mining of natural sand from river beds have dissuaded companies to use natural sand in construction projects. Moreover, manufactured sand has good working properties such as flexural strength, higher weight resistance, and lower permeability.
- Rise in usage of manufactured sand as aggregates in concrete mixes used in building construction is likely to accelerate natural and manufactured sand market development. Rise in awareness about the benefits of manufactured sand when used in concrete mixes in civil construction works is expected to boost market value in the next few years.
- Surge in Demand for Natural & Manufactured Sand in Residential & Commercial Constructions: Surge in demand for natural and manufactured sand in residential and commercial constructions is expected to propel the market.
- Rise in adoption of eco-friendly construction materials in new residential and commercial constructions in developing countries is expected to broaden market outlook.
Key Drivers
- Significant pace of expansion of the infrastructure sector is a key driver of the global natural and manufactured sand market. Rise in government investments in the sector in developing countries is anticipated to accelerate market development.
- Rapid urbanization in several regions is expected to spur residential & commercial constructions. The trend is anticipated to offer significant opportunities to companies in the global natural and manufactured sand industry.
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Regional Growth Dynamics
Asia Pacific is anticipated to be a lucrative market for natural and manufactured sand from 2023 to 2031. Increase in focus of governments in China, India, and Japan on economic development is likely to spur investment in infrastructure development. Rise in infrastructure development projects in developing countries is likely to fuel market growth in Asia Pacific. Rapidly increasing development of smart cities in Asia is expected to propel the market.
Middle East & Africa is anticipated to offer significant business opportunities from 2023 to 2031. Rise in construction of new buildings and expansion of infrastructure development across the region is expected to fuel the market in the near future.
North America and Europe are also expected to be promising markets for natural and manufactured sand. Increase in preference for manufactured sand is likely to bolster market development in the regions.
Competitive Landscape
R&D activities, product portfolio expansion, and merger & acquisition are the key strategies adopted by leading players in the global natural and manufactured sand market. Companies are focusing on new product development to consolidate their market positions in the next few years.
Prominent companies in the natural and manufactured sand market industry are Adelaide Brighton Ltd., CRH Plc, Duo Plc, CEMEX S.A.B. de C.V., Heidelberg Cement AG, Holcim, Hutcheson Sand & Mixes, Johnston North America, Vulcan Material Company, and McLanahan.
Key Points from TOC:
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions
3. Research Methodology
4. Executive Summary
5. Market Overview
5.1. Introduction
5.2. Market Dynamics
5.2.1. Drivers
5.2.2. Restraints
5.2.3. Opportunities
5.3. Key Trends Analysis
5.3.1. Demand Side Analysis
5.3.2. Supply Side Analysis
5.4. Standards & Regulations
5.5. Key Market Indicators
5.6. Raw Material Analysis
5.7. Porter’s Five Forces Analysis
5.8. Industry SWOT Analysis
5.9. Value Chain Analysis
5.10. Regulatory Framework
5.11. Global Natural and Manufactured Sand Market Analysis and Forecast, 2017 – 2031
5.11.1. Market Value Projections (US$ Bn)
5.11.2. Market Volume Projections (Million Tons)
6. Global Natural and Manufactured Sand Market Analysis and Forecast, By Product Type
6.1. Natural and Manufactured Sand Market Size (US$ Bn and Million Tons) Forecast, By Product Type,2017 – 2031
6.1.1. Natural Sand
6.1.2. Manufactured Sand
6.2. Incremental Opportunity, By Product Type
7. Global Natural and Manufactured Sand Market Analysis and Forecast, By Application
7.1. Natural and Manufactured Sand Market Size (US$ Bn and Million Tons) Forecast, By Application, 2017 – 2031
7.1.1. Residential
7.1.2. Commercial
7.1.3. Industrial
7.1.4. Infrastructure
TOC Continued……
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Natural and Manufactured Sand Market Segmentation
Product Type
- Natural Sand
- Manufactured Sand
Application
- Infrastructure
- Industrial
- Residential
- Commercial
Region
- North America
- Middle East & Africa
- Asia Pacific
- Europe
- South America
About Transparency Market Research
Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research firm that offers market analysis reports and business consulting. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact Us:
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: 1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com
