Middle East Cables Market By Product ,By Application Expected To Reach USD 9.33 Billion By 2020

The Middle East Cables Market is expected to reach USD 9.33 billion by 2020, according to a new study by Grand View Research, Inc. Growing preference towards tree retardant XLPE material is anticipated to spur market growth over the forecast period. New product and technology innovation is expected to catapult the demand across mature markets such as Saudi Arabia and UAE.

Increasing government investments for economic and infrastructure growth is expected to provide avenues to the Middle East cables market. Further, tremendous increase in energy demand owing to ongoing infrastructure activities for Dubai Expo 2020 is also expected to drive regional market growth over the next six years. Increase in power transmission demand for organizing the FIFA World Cup 2020 in Qatar is providing avenues to the Middle East cables market.

Emergence of technologically advanced materials such as LVDC high temperature superconductor (HTS) cable is expected to assist market growth. Stringent regulations and several government initiatives with various national development projects are expected to be the key forces driving the Middle East cables market. Volatile prices of key raw materials such as copper and aluminum are anticipated to remain key challenge for market participants. However, technological advancements and innovations to develop eco-friendly, low cost and efficient cables are further expected to serve as growth opportunities for market growth.

Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/middle-east-cables-market

Further key findings from the study suggest:

• Medium-voltage cables accounted for majority of the market share in 2013, and increasing deployment of XLPE raw materials in medium-voltage cables is expected to drive to be a key growth driver.
• High-voltage cables segment is expected to witness significant growth through the forecast period. This growth can be attributed to a number of macro-market drivers such as growing number of turnkey projects, need for safe transmission, increasing offshore wind projects, and growing demand for underground transmission.
• The commercial segment accounted for over 60% of the overall market share in 2013. Rapid infrastructure development, drawing huge investment from the GCC participants is expected to drive market demand in commercial sector. Growing urbanization is expected to support the infrastructure development in the emerging economies.
• Saudi Arabia accounted for over 35% of the overall market share in 2013 and is expected to witness high growth owing to the expansion of commercial and industrial sectors.
• Notable companies operating in the Middle East cables market include Riyadh Cables, El-Sewedy, Oman Cables, Saudi Cables and Ducab.

Mining Equipment: Global Market to Grow at High CAGR in Upcoming Years – 2022

The Global Mining Equipment Market is expected to reach USD 95.14 billion by 2022, according to a new study by Grand View Research, Inc. The mining industry has faced an economic slowdown over the last two years due to reduced investments and weak demand from major geographies including North America & Europe which has significantly hampered the mining equipment market.

Leading manufacturers including Caterpillar, Sandvik and Atlas Copco have reported substantial drop in their revenues as a consequence of the mining industry’s economic slump. The slowdown is primarily concentrated around new projects and expansion of existing projects. Current operations continue to perform well, with companies striving constantly to improve productivity.

The mining industry is expected to start its recovery post 2017, as mining equipment manufacturers are expected to increase their capital spending, triggered by the opening of new sites particularly in the untapped regions of Africa and Latin America.

Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/mining-equipment-market

Further key findings from the study suggest:

• Surface mining equipment contributed to over 30% of the overall market revenue in 2014 and is expected to continue dominating the market over the forecast period on account of growing demand for bauxite and iron ore. Underground mining machinery inclusive of continuous machines, long wall machines, hydraulic shovels, and cable shovels, also accounted for significant market share in 2014.
• Metal mining is expected to remain the dominant application market over the forecast period on account of increased demand for precious metals including platinum, gold, and silver; the activity also requires considerable investment as a result of high degree of complexity involved and large scale of operations. Coal mining is poised for high growth due to growing demand for coal in electricity generation and heating.
• Untapped regions of Africa such as Zambia and Congo having considerable metal mines and Latin American countries such as Chile, Brazil, and Peru are expected to trigger recovery in the mining equipment industry. China is anticipated to dominate the market throughout the forecast period on account of high demand from coal and metal industries. Europe and North America are expected to lose share over the next few years, due to barriers such as government restrictions on coal fired power plants.
• Key market participants include multinational companies such as Sandvik, Atlas Copco, Caterpillar, Hitachi Construction Machinery, and Komatsu. Leading players lay emphasis on large production lines and professional manufacturing equipment resulting in high capital investments. In order to comply with stringent safety standards, market entry aspirants seek at obtaining safety qualifications for their products.

Business Prospects and Future Scope of RFID Kanban Systems Market in Medical Devices Industry

Global RFID Kanban Systems Market is expected to reach USD 1.1 Billion by 2020, according to a new study by Grand View Research, Inc. Increasing cases of stock outs, over inventory, clerical errors and growing demand for real time asset and inventory tracking are some factors expected to drive market growth over the next six years. Furthermore, high cost incurred due to medication expiration, increasing demand for FIFO system and the implementation of lean inventory management is expected to boost market growth over the forecast period.

North America held majority of the market in 2013, with revenue estimated at USD 97.5 million. Economic development, increasing demand for process optimization, rising awareness level amongst healthcare organizations pertaining to the benefits associated with RFID kanban systems are some major drivers of this market.

The presence of a large gap between the need for hospital inventory management and availability of real time inventory management solutions has resulted in high growth potential for the U.S. market. RFID based kanban systems have been incorporated by certain healthcare facilities. However, a large percentage of hospitals have yet to make this transition.

Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-rfid-kanban-systems-market

Further key findings from the study suggest:

• The U.S. RFID kanban systems market was valued at USD 76.9 million in 2013. The incorporation of RFID kanban systems brings down the overall inventory ordering, shortage, carrying and purchase costs by as much as 30%. This cost reduction incentive acts as the most important driver for the RFID based kanban systems market in the region.
• The Japanese RFID kanban systems market is expected to grow at a CAGR of over 23.8% from 2014 to 2020. Owing to the fact that the kanban system was initially developed in Japan, there has been significant development since then in the country for the purpose of automating the two bin kanban system. There has been prototype deployment of RFID kanban systems in Japan and it is expected that there will be growing demand for further such implementation in the Japanese hospitals to further improve healthcare services.
• Some key market players of RFID Kanban systems include Brooks Automation, Grifols, Hurst Green Plastics Ltd., Wurth Group, Bollhoff Group, Pepperl+Fuchs, Datelka, Metra Tec GmbH, Logi-Tag and Mattteo
• In order to develop cost effective and technologically advanced products, manufacturers in the market are involved in rigorous R&D. For Instance, LogiTag released a new mobile app for hospital inventory management and charge capture.

Asia Pacific Fuel Dispenser Market is projected to reach USD 1.39 billion by 2024

The Asia Pacific Fuel Dispenser Market is projected to reach USD 1.39 billion by 2024, according to a new report by Grand View Research, Inc. The demand for fuel dispenser in Asia Pacific is expected to grow significantly over the forecast period, primarily driven by the increasing demand for vehicles in the region. The developing economies in the region, including China and India, accounted for over 75% of the total market in 2015. The growing demand in China owing to the growing consumer spending capacity as well as robust automotive sales is expected to have a positive impact on the industry growth.

The constant movement of the rural population to urban areas in India is expected to create a need for infrastructural development. The growing disposable incomes of the consumers is expected to drive the demand for vehicles in the country. As a result, the demand for fueling stations and dispensing systems is expected to grow over the next eight years.

The positive gross domestic product (GDP) and steady growth in the consumer standards of living is expected to augment the demand for oil & gas and related products, which in turn is expected to aid the industry growth in Asia Pacific. The threat of new entrants is low owing to the presence of established manufacturers in the region.

High capital requirements, coupled with the need for advanced technologies, may restrict the entry of new industry players. Furthermore, the dispensing systems are utilized to distribute fuel to the general population. It is highly flammable and hazardous to the human health and the environment, owing to which several associations have set standards for the manufacturing of dispenser systems.

Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/asia-pacific-fuel-dispenser-market-analysis

Further key findings from the report suggest:

• Submersible systems accounted for over 80% of the total market in 2015. Low installation and maintenance costs of this technology are expected to drive the demand in the region. Increasing penetration of the technology in China and India is expected to aid industry growth over the forecast period.
• The demand for dispensing systems for CNG vehicles is expected to witness substantial growth, at a CAGR of over 4% from 2016 to 2024 owing to its affordable price and superior mileage as compared to petrol powered vehicles. Furthermore, growing government support in promoting CNG owing to its environmental benefits is expected to drive growth over the projected period.
• China is the largest manufacturer and consumer of fuel dispenser in the region with over 45% of the total market share in 2015. Growing demand for petrol and CNG dispensing systems is expected to drive the industry over the next eight years. Rapid automotive industry growth is also expected to aid industry demand in the country.
• Key players include Gilbarco Inc., Wayne Fuelling Systems LLC, Tokheim, and Tatsuno Corporation. Wayne Fuelling Systems LLC is being acquired by Dover Corporation who owns Tokheim. This acquisition is expected to give a competitive edge to Dover over the forecast period.

Ammunition Market is expected to gain traction in Nation Security business – Study

The global Ammunition Market is expected to reach USD 16.07 billion by 2024, according to a new report by Grand View Research, Inc. Increasing terrorist activities, coupled with arms race amongst emerging economies in the recent past is projected to fuel industry growth over the next eight years. Civil and defense are the two key end-uses in the market. The civil end-use is further segmented into law enforcement, self-defense, and sports & hunting.

Advancements in Russian and U.S. regional markets coupled with increasing participation in shooting, hunting and sports across the world is influencing the growth of the global ammunition market. The countries such as China, South Korea, India, France, Saudi Arabia, Germany, Turkey, Israel and South Africa are expected to boost the demand further in the ammunition industry. However, high costs in research & development and international regulations are expected to hinder the market growth over the forecast period.

Additionally, the demilitarization initiatives adopted across Europe and North America are expected to reduce the demand for ammunition form the military and law enforcement sectors. However, the impacts of these factors are expected to reduce over the period of forecast.

Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-ammunition-market

Further key findings from the report suggest:

• The global ammunition market size was estimated at USD 11.74 billion in 2015 and is expected to grow significantly by 2024 in light of technological advancements and development for the smart weapons to maintain law and order in developed economies.
• Bullet segment is expected to witness considerable gains at a CAGR of 3.8% from 2016 to 2024. This growth is attributed to the measures taken by different governments to introduce latest technologies for the overall advancement of the industry.
• AAI Corporation has developed an advanced light machine gun which uses 5.56mm ammo. This is also referred as telescoped ammunition and does not contain conventional brass cartridge, which reduces the weight approximately by 40% as compared to the traditional ammunition.
• Asia Pacific accounted for 32.9% of the overall revenue share in 2015 and is projected to witness high growth. Recent increase in terrorist activities along with the need to maintain internal peace and order, counties such as India, China and Pakistan are continuously enhancing their defense mechanism, which in turn is boosting the market.
• Ammunition industry is dominated by key participants including include General Dynamics Corporation, BAE Systems, Remington Arms Company, Inc., Ruag Ammotec, Poongsan Corporation, Federal Premium Ammunition and Maxam. Companies are collaborating in order to remain profitable and retain their position in the global market.