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Automated Material Handling Equipment Market To Reach USD 56,731 million by 2030
The automated material handling equipment market will touch USD 56,731 million by 2030, powering at a rate of 8.9% in the years to come, as stated by a market research firm P&S Intelligence.
This is due to the increasing requirement for improved accuracy of the orders, the increasing requirement for high supply chain efficiency, maximizing level of customer service, the growing concept of warehousing, and the rising acceptance of robots in handling of the material.
E-commerce will grow the fastest in the years to come, advancing at a rate of about 9%. This is due to the high requirement for ASRSs in the sector for retrieving and storing products from precise locations, the increasing count of e-commerce platforms and online stores, the increasing preference for online shopping, and the enhancing logistics infra.
The WMS category will have the fastest growth in the future, powering at a rate of 9.1%.
This can be as a result of the increasing number of warehouse units, the increasing apprehension of retailers with regards to the concept of warehouses, the expanding freight costs, the snowballing count of e-commerce platforms, the increasing clod-based solution offerings by corporations, the escalating necessity for multi-channel distribution networks, and the mushrooming global supply chain networks.
Unit load material handling had a higher revenue in 2022, and the trend will be like this in the years to come as well. This is credited to the increasing trend of factory automation and the increasing need to make easier the delivery and storage of products at warehouses.
Likewise, such AMH equipment has more than a few benefits, as it can handle numerous supplies at a time, plummeting the trips and intervals for unloading and loading.
APAC automated material handling equipment market had the largest share, of about 42%, in 2022, and it will uphold its dominance by the end of this decade as well.
This has a lot to do with the growing count of manufacturing sites in addition to manufacturing procedures and warehouses, the evolving trend for smart factories, the increasing development, the increasing material handling practices for improving the capabilities of production, and the growing count of local AMH producers.
Furthermore, North America held a considerable share in the past, and it will maintain its position in the future.
This is because of the occurrence of a large count of sophisticated industries in addition to industrial processes, an increase in the need for accurate and timely order fulfillment, a surge in the necessity to decrease industrial costs of operations for example handling of the product and freight and product distribution, and the development in the retail business.
Due to the increasing trend of industry 4.0, the demand for automated material handling equipment is on the rise.
Read More: https://www.psmarketresearch.c....om/market-analysis/a
How Is Network Optimization Demand Boosting Network Telemetry Market Growth?
A number of factors, such as the growing network traffic, escalating digitalization rate, mounting demand for the optimization of the networking infrastructure, and rising incidence of network attacks and security breaches will contribute to the network telemetry market growth during the forecast period (2021–203. According to P&S Intelligence, the market generated $300 million in 2020. Moreover, the rising advancements in the internet of things (IoT) and artificial intelligence (AI) domains will support the market growth across the world.
The soaring number of network attacks and security breaches, owing to the rising penetration of the internet, is one of the key growth drivers for the market. Cyberattacks on businesses result in huge data and financial losses. Cybercriminals are hacking and stealing data from multiple sources in the workplace, such as IoT- and AI-enabled devices, which are associated with a centralized network. Besides, the accelerating digitization rate in business organizations drives the global demand for network telemetry solutions, as the key factor allowing cybercriminals to prosper is the rising internet access.
Another growth driver for the network telemetry market is the burgeoning demand for the optimization of the networking infrastructure, owing to the increasing internet traffic and surging need to solve downtime issues. For example, when real-time data is transmitted to multiple locations through network devices, the server becomes unavailable for some time, thereby resulting in downtimes. To overcome this challenge, end users are focusing on the optimization of the infrastructure, which can be achieved by deploying network telemetry solutions.
The end user segment of the network telemetry market is classified into cloud service providers, managed service providers, telecom service providers, and others. Among these, the telecom service providers category generated the highest revenue in 2020, and it is also expected to exhibit the fastest growth during the forecast period. This can be primarily owed to the surging use of network telemetry services and solutions by telecom companies, such as Telefonica UK Limited, to manage, analyze, and optimize their network communication technology.
At present, players in the network telemetry market, such as Arista Networks Inc., Barefoot Networks Inc., Netronome Systems Inc., VOLANSYS Technologies Pvt. Ltd., Cisco Systems Inc., Pluribus Networks Inc., Solarflare Communications Inc., Marvell Semiconductor Inc., Juniper Networks Inc., and Mellanox Technologies Ltd., are entering into partnerships to consolidate their position. For instance, in October 2019, Juniper Networks Inc. signed a partnership agreement with Telefonica UK Ltd. to develop Fusion Network, a cloud-based automated and secured network infrastructure.
Geographically, North America accounted for the largest share in the network telemetry market in 2020 due to the presence of numerous players, such as Arista Networks Inc., Pluribus Networks Inc., and Juniper Networks Inc. Additionally, the early adoption of advanced technologies, such as AI and IoT, and strong competition within every end-use industry in the U.S. and Canada are expected to contribute to the market growth. Further, in order to launch 5G services, telecom companies here will need to optimize their networks with this new technology.
Therefore, the increasing number of network attacks and security breaches and escalating demand for network optimization are expected to drive the demand for network telemetry solutions.
Read More: https://www.psmarketresearch.c....om/market-analysis/n
District Heating Market To Reach USD 262 Billion by 2030
The district heating market will power at a rate of 5.6% in the years to come, to touch USD 262 billion by 2030, as per P&S Intelligence.
The key trend in the industry is the use of renewable heat sources, for example bioenergy, solar–thermal, heat pumps, and geothermal, and even waste heat from data centers and industries. At this point in time, the heat produced from renewable sources has just 8% of the worldwide production.
The blend of numerous energy sources is too one of the key trends in district heating. These systems not just put to use renewable sources of energy but similarly work with the waste heat from manufacturing plants and data centers, helping in achieving an advanced energy competence.
With even more modification of the energy sources in district heating systems, the transition on the way to more-innovative systems will accelerate. Examples of these kinds of systems comprise a waste treatment plant in Sweden in Högbytorp generating heat and electricity, accompanied by biogas, compost, and bio-fertilizers.
Europe district heating market had the largest share, of above 36%, in 2022. This was attributable to the increasing requirement for energy, backed by the growing industrial development and urbanization, along with the increasing preference for energy-efficient systems, and regulations of the government to decrease GHG emissions.
The low temperature in utmost of the region for most of the year is similarly one of the factors making Europe the largest market for these systems.
APAC will grow the fastest in the years to come, because of the thriving industries, fast urbanization, and continually altering climate.
Moreover, the growing disposable income and increasing apprehensions associated with the emission of CO2 are the key factors driving this industry in APAC.
Besides, China is the largest market as a result of the massive investments poured in district heating systems, for example the one in Heilongjiang province, supported by the ADB. It will fuss over 1.21 million urban residents in 6 cities.
The residential category will grow at a high rate in the years to come, because of the growing count of households worldwide. With the growing level of growth, there is an increase in the requirement for energy. This drives the transformation of the heating infra, to make it appropriate for delivering energy to modern homes.
They are also lucrative, as the owners share the price of heating a building, and there is a need of only one boiler for the entire building, instead of one per home.
The progressions in smart home technologies are likewise a driver of the growing demand. In cold nations, for example Sweden, Denmark, and Russia, 40–50% of the heating needs of buildings are satisfied by these solutions, which bring about energy efficiency.
It is because of the rapid industrialization, the requirement for district heating systems will continue to grow in the years to come.
Read More: https://www.psmarketresearch.c....om/market-analysis/d
