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Connected Trucks Market is set to see healthy CAGR during 2019 to 2025

Connected Trucks Market size is expected to show significant growth over the forecast period due to growing demand for fleet management solutions in the transportation & logistics sector. The fleet management solutions have evolved to offer a wide array of telematics services such as roadside assistance and Usage-Based Insurance (UBI). These telematics solutions coupled with the decrease in the pricing of telematics systems are proliferating the connected trucks market.

The Asia Pacific connected trucks market is forecast to grow at the highest rate due to the expanding information & communication technology infrastructure. The supportive government initiatives & investments toward developing smart infrastructure, such as road and growing communication & information technology infrastructure including 4G LTE or 5G in the region, are expected to drive market growth over the forecast timeline. The developing countries in the region, such as India and China, have witnessed significant economic growth in recent years, which is fueling the connected trucks market demand to reduce the operating cost of the fleet and improve the safety of drivers.

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North America is estimated to hold the largest market share in the Connected Trucks market due to the increasing digitization of various services in fleet management, rise in the number of connected devices in commercial vehicles, and growing concerns over cybersecurity & OTA maintenance. The presence of key market players, such as General Motors, Harman International, and Verizon Communication, in the region will support the market growth.

The improving industry compliance norms and supportive government initiatives & investments toward developing connected infrastructures for the connected vehicle technology will drive the connected Trucks market. For instance, in November 2017, the UK government funded USD 67 million to develop a testing infrastructure for autonomous cars. The advent of trucks platooning due to developments in Cooperative Adaptive Cruise Control (CACC) fitted with ADAS such as anti-collision systems, emergency braking systems, and adaptive cruise control system will support the market growth. The new trends in autonomous vehicles, such as upgrading to higher SAE automation level, will boost the connected trucks market growth.

The digitization & electrification of various infotainment systems, components, telematics systems, and autonomous driving is becoming an integral part of high-end trucks. The global automakers are investing heftily in research & development activities to enhance cybersecurity & Over-The-Air (OTA) updates to rectify the bugs generated in the software of various applications, leading to an improvement in customer satisfaction & loyalty. The advancements in connected features will increase the overall operational efficiency and vehicle performance of fleet operators. These improvements and upgrades in trucks will boost the connected trucks market over the forecast timeline.

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The prominent market players are focusing on strategic alliances with other players to enhance their features and offerings in the connected trucks market. For instance, in November 2018, AT&T partnered with Daimler AG on connected trucks and fleet services. The partnership will enhance safety reporting and powertrain diagnostics and features over-the-air updates and fuel efficiency analytics capabilities for vehicles. The telematics is designed to boost efficiency, safety, and performance, as well as offer additional advantages for long-haul trucking fleets.

Some of the key players operating in the connected trucks market are Aptiv PLC, Continental AG, Daimler AG, Denso Corporation, Ford Motor Company, General Motors Group, Harman International, Mercedes-Benz, Robert Bosch GmbH, Verizon Communications, Volkswagen AG, Volvo Group, and ZF Friedrichshafen AG.

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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Ring Main Unit Market – Global Industry Analysis and Forecast to 2022

MarketsandMarkets Research Pvt Ltd.The ring main unit market is expected to grow from an estimated USD 1.64 Billion in 2017 to USD 2.45 Billion by 2022, at a CAGR of 8.35% from 2017 to 2022. The global market is set to witness a significant growth, due to smart distribution networks and modernization of existing power infrastructure.

Browse 68 market data tables and 91 figures spread through 147 pages and in-depth TOC on „Ring Main Unit Market „

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The gas insulated segment is expected to hold the largest share of the ring main unit market, by type, during the forecast period

The applications of the gas insulated ring main unit include power grids, wind power plants, railway systems, underground installations, and mining applications. It is the largest segment, by type, for the ring main unit market. Increasing power consumption in Asia-Pacific requires a secure and reliable source of power supply, which in turn is likely to drive the gas insulated ring main unit market. Gas insulated ring main unit can be easily integrated with an existing system. Moreover, these ring main units have SF6 as an insulation medium, which is enclosed in a tank. All these factors are expected to boost the gas insulated ring main unit market.

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Distribution utilities to be the fastest growing application segment in the ring main unit market

With regard to the application segment, the distribution utilities segment is expected to be the fastest growing market from 2017 to 2022. The distribution utilities segment requires ring main units for metering, measuring, for uninterrupted power supply, and to prevent damages to critical equipment. Moreover, ring main units are vital for maintaining the stability of a grid system. The distribution utilities segment is expected to exhibit the highest growth rate during the forecast period. This growth is attributed to power generation capacity addition and enhancement plans for distribution networks in countries in the Asia-Pacific region, such as China and India, to meet the growing electricity demand. This in turn would require the deployment of power equipment such as ring main units for uninterrupted power supply.

Ring Main Unit Market

Asia-Pacific: The fastest growing market for ring main unit

In this report, the ring main unit market has been analyzed with respect to six regions, namely, Asia-Pacific, Europe, North America, the Middle East, South America, and Africa. Asia-Pacific is expected to dominate the global ring main unit market, owing to capacity additions, adoption of smart grids, and rural electrification in the region. China is expected to dominate the ring main unit market in the Asia-Pacific region. Countries such as Vietnam and Malaysia are having high growth prospects in the Asia-Pacific ring main unit market. Increasing focus on renewable power generation is likely to boost the demand for the ring main unit market in the region.

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To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the ring main unit market. These players include ABB, Ltd. (Switzerland), Schneider Electric SE (France), Eaton Corporation, PLC (Ireland), Siemens AG (Germany), and General Electric Company (U.S.).

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Global and Regional Data Center Power Industry Research Report 2018

Bharat Book Bureau Provides the Trending Market Research Report on “2018-2023 Global and Regional Data Center Power Industry   Production, Sales and Consumption Status and Prospects Professional Market Research Report  under   Media & Technology category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.

The Data Center Power Market size will grow from XX Million in 2017 to XX Million by 2023, at an estimated CAGR of XX%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.

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By Market Players:ABB Group , Schneider Electric , General Electric , Eaton Corporation , Delta Electronic Inc. , Raritan Inc. , Rittal Corporation , Server Technology Inc. , Tripp Lite , Black Box Corporation , Hewlett Packard Enterprise Company , Cyber Power Systems, Inc.

By Solution:Power distribution and measurement, Power backup, Cabling infrastructure

By Service:Training and consulting, Support and maintenance, System integration

By End-User Type:Mid-sized data center, Enterprise data center, Large data center

By Vertical:Banking, Financial Services, and Insurance (BFSI), Energy, Government and defense, Healthcare, Manufacturing, Research and academia, Retail, Telecommunication and IT, Others

The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.

Points Covered in The Report:The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.

The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. The historical data from 2012 to 2017 and forecast data from 2018 to 2023.

The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail.

Data and information by manufacturer, by region, by type, by application and etc, and custom research can be added according to specific requirements.

The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Key Reasons to Purchase

  • To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
  • Assess the production processes, major issues, and solutions to mitigate the development risk.
  • To understand the most affecting driving and restraining forces in the market and its impact in the global market.
  • Learn about the market strategies that are being adopted by leading respective organizations.
  • To understand the future outlook and prospects for the market.
  • Besides the standard structure reports, we also provide custom research according to specific requirements.

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