Global Power Transformers Market is Expected to Reach USD 28.69 Billion in 2019: Transparency Market Research

According to a new market report published by Transparency Market Research “Power Transformers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019,” the market was valued at USD 17.12 billion in 2012, which is expected to reach USD 28.69 billion by 2019, growing at a CAGR of 7.7% from 2013 to 2019. In terms of volume, the demand for power transformers was 10,474 units in 2012, which is expected to reach 17,283 units by 2019, growing at a CAGR of 7.5% from 2013 to 2019.

Browse the full Power Transformers Market Report at http://www.transparencymarketresearch.com/power-transformer-market.html

Increase in demand for energy on a global scale is expected to drive the power transformers market over the next few years. In addition, need for upgrading aging equipment is estimated to be a critical success factor for profitability of industry participants. Growing awareness regarding the importance of low carbon emissions and the need for energy conservation has led to the development of smart grids and super grids. This is expected to be a significant opportunity for market growth over the forecast period. Volatility in the prices of raw materials such as Cold Rolled Grain Oriented (CRGO) steel and crude oil is expected to act as a restraint to the industry in the coming years.

Power transformers of rating between 100 MVA and 500 MVA dominated the market, and accounted for 68.2% of the overall revenue share in 2012. Although the unit cost of these power transformers is lower than that of those with higher power rating, they are expected to generate higher revenue on account of greater demand. Asia Pacific held the largest share, and the market in this region was valued at USD 6.85 billion in 2012. It is also expected to be the fastest growing region, with an estimated CAGR of 8.2% from 2013 to 2019.

The market is moderately fragmented, with key players across the globe. Major industry players include ABB Ltd., Alstom SA, Siemens Energy, Toshiba Corp., and Crompton Greaves Ltd. among others.

The report studies the global power transformers market, and provides estimates in terms of revenue (USD Billion) from 2013 to 2019. Market estimates on the basis of geography have also been provided for each range of power rating. The market has been segmented as follows:

·         Power Transformers Market - Power Rating Analysis:

o   100 MVA to 500 MVA

o   501 MVA to 800 MVA

o   801 MVA to 1200 MVA

·         Power Transformers Market - Regional Analysis:

o   North America

o   Europe

o   Asia Pacific

o   Rest of the World (RoW)

Browse the full Power Transformers Market Report at http://www.transparencymarketresearch.com/power-transformer-market.html

About Us

Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and 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.

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Ms. Sheela AK

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Global Agricultural Film Market is Expected to Reach USD 9.66 Billion in 2019: Transparency Market Research

According to a new market report published by Transparency Market Research “Agricultural Films (LDPE, LLDPE, HDPE, EVA/EBA, Reclaims and Others) Market for Greenhouse, Mulching and Silage Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019,” the global agricultural film market was valued at USD 5.87 billion in 2012 and is expected to reach USD 9.66 billion by 2019, growing at a CAGR of 7.6% from 2013 to 2019. In terms of volume, the global demand was 4,410.3 kilo tons in 2012 and is expected to grow at a CAGR of 5.7% from 2013 to 2019.

Browse the full Agricultural Films Market Report at http://www.transparencymarketresearch.com/agricultural-film.html

Depleting arable land coupled with increasing food demand has led to increasing preference towards agricultural films as they help in increasing the agricultural productivity. In addition, rising global farming standards backed by technological advancement is further expected to boost the market growth. However, adverse impact of agricultural films due to its raw material and high cost of disposal are expected to inhibit market growth during the forecast period. Biodegradable films are expected to have immense opportunity in the coming future.

Linear Low Density Polyethylene (LLDPE) was the largest consumed product and accounted for over 55% of the total market in 2012 with global consumption expected to reach 1,470.8 kilo tons by 2019. The shift in production capacities of polyethylene in Middle East and Asia is expected to drive the agricultural film market. China has been the largest producer of agricultural films with large numbers of small manufacturers in this region. The consumption of reclaimed film has been dominant in developed countries owing to stringent environmental regulations regarding use of plastics.

The major applications of agricultural film include greenhouse, mulching and silage among others. Mulching application accounted for over 40% of the overall market in 2012. Greenhouse application is expected to be fastest growing application expected to grow at a CAGR of 5.8% from 2013 to 2019. The consumption of silage film has been high in pasture areas and is further expected to increase due to growing demand for dairy products. Agricultural films consumption for silage application was 582.5 kilo tons in 2012.

China emerged as the leading consumer of agricultural films and accounted for more than 61% of the total demand in 2012. Growing food demand globally coupled with advanced farming techniques is expected to mushroom the market growth. In addition, it is expected to be the fastest growing market at an estimated CAGR of 6% from 2013 to 2019. The consumption of greenhouse films has been predominant in Asia Pacific due to rising demand for ornamental crops. Europe is expected to grow at a sluggish rate as the shrinkage in arable land and pastures. In 2012, Italy and Spain were the largest consumers of agricultural films in Europe. The demand for agricultural films from Middle East and Africa is expected grow at a CAGR of 5.3% between 2013 and 2019. The harsh climatic conditions and growing horticulture and floriculture market is expected to boost market growth during the forecast period.

The global agricultural film market was highly fragmented as top three players accounted for nearly 16% of the market share in 2012. British Polyethylene Industries, Exxon Mobil, Trioplast, Armando Alvarez, Ab Rani Plast Oy, Group Barbier, Novamont, BASF, Britton Group, AEP Industries, Dow Chemical, Berry Plastics and Kuraray among others are the major industry participants in the agricultural film market.

This report segments the global agricultural film market as follows:

·         Agricultural Film Market: Product Segment Analysis

o   Low Density Polyethylene (LDPE)

o   Linear Low Density Polyethylene (LLDPE)

o   High Density Polyethylene (HDPE)

o   Ethyl Vinyl Acetate (EVA)/Ethylene Butyl Acrylate (EBA)

o   Reclaims

o   Others (including Poly Vinyl Chloride, Ethylene Vinyl Alcohol, etc.)

·         Agricultural Film Market: Application Analysis

o   Greenhouse

o   Mulching

o   Silage

·         Agricultural Film Market: Regional Analysis

o   North America

o   Central and South America

o   Europe

o   China

o   Rest of Asia Pacific

o   Middle East and Africa

Browse the full Agricultural Films Market Report at http://www.transparencymarketresearch.com/agricultural-film.html

About Us

Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and 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

Ms. Sheela AK

90 Sate Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com/

Atrial Fibrillation Market is Expected to Reach USD 14.8 Billion Globally in 2019: Transparency Market Research

According to a new market report published by Transparency Market Research “Atrial Fibrillation Market (Pharmacological and Non-Pharmacological Treatment, Electric Cardioversion, Radiofrequency, Cryo, Laser and Microwave Catheter Ablation, Maze Surgery, Anti-Coagulant and Anti-Arrhythmic Drugs) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019,” the global market for atrial fibrillation was valued at USD 6.1 billion in 2012 and it is expected to reach an estimated value of USD 14.8 billion in 2019, growing at a CAGR of 13.4% from 2013 to 2019.

Browse the full Atrial Fibrillation Market Report at http://www.transparencymarketresearch.com/atrial-fibrillation-market.html

Rising global base of geriatric population inducing an accelerated growth in the incidence rates of atrial fibrillation is one of the highest impact-rendering drivers for this market. In addition, favorable results exhibited by clinical trials promoting combined pharmacological therapy such as the HARMONY trial and rising prevalence of disorders causing atrial fibrillation such as hypertension and obesity will also serve the market as drivers. The future growth of this market will be ensured by the introduction of advanced treatment procedures such as hybrid ablation and the rising prevalence of atrial fibrillation in emerging Asian economies.

On account of the fact that pharmacological treatment procedures are more frequently administered to the patients suffering from atrial fibrillation and are a cheaper alternative to non-pharmacological procedures, pharmacological procedures held the majority of market share in 2012. With the introduction of new drugs such as Bristol Myer Squibb’s NTC-801, Merck’s Vernakalant, Boehringer Ingelheim’s Pradaxa, the market share of pharmacological treatment procedures is expected to further increase by 2019.

The non-pharmacological treatment market was led by the catheter ablation market and its market share was valued at over 45% in 2012. The introduction of new catheter ablation systems such as CardioFocus's HeartLight Endoscopic Ablation System (EAS) laser ablation catheter, Endosense's TactiCath and Biosense Webster's ThermoCool SmartTouch, will help the catheter ablation market to further enhance its market share by 2019.

The radiofrequency based catheter ablation treatment for atrial fibrillation market led the catheter ablation market in terms of market share in 2012 majorly on account of the facts that it has a relatively lower procedural duration and cost and has high success rates associated with it.

High prevalence of atrial fibrillation coupled with the availability of high disposable incomes amongst patients and sophisticated healthcare infrastructure, has led the North American atrial fibrillation market to hold the majority of the market share in 2012. However, this region is expected to lose its market share to relatively faster growing Asia-Pacific region.

 Some of the key players of this market include Boehringer Ingelheim, Bristol-Myers Squibb/Pfizer, Bayer/Johnson & Johnson, Medtronic, Inc., St. Jude Medical, Inc. and AtriCure, Inc.

The global atrial fibrillation market is categorized into the following segments:

§  Atrial Fibrillation Market, by Treatment Types

o   Pharmacological Treatment

§  Anti-Arrhythmic Drugs

§  Anti-Coagulant Drugs

o   Non-Pharmacological Treatment

§  Catheter Ablation

·         Radiofrequency Based

·         Cryoablation Based

·         HIFU (High Intensity Focused Ultrasound) Based

·         Microwave Based

·         Laser Based

§  Maze Surgery

§  Electric Cardioversion

§  Atrial Fibrillation Market, by Geography

o   North America

o   Europe

o   Asia-Pacific

o   Rest of the World (RoW)

Browse the full Atrial Fibrillation Market Report at http://www.transparencymarketresearch.com/atrial-fibrillation-market.html

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and 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

Ms. Sheela AK

90 Sate Street, Suite 700

Albany, NY 12207

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Email: sales@transparencymarketresearch.com

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Transcriptomics Technologies Market is Expected to Reach USD 4.6 Billion Globally in 2019: Transparency Market Research

According to a new market report published by Transparency Market Research  “Transcriptomics Technologies Market (Microarrays, PCR, Gene Regulation and Next Generation Sequencing) -Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019,” the global transcriptomics technologies market was valued at USD 1.65 billion in 2012 and is expected to grow at a CAGR of 15.9% from 2013 to 2019, to reach an estimated value of USD 4.6 billion in 2019.

Browse the full Transcriptomics Technologies Market Report at http://www.transparencymarketresearch.com/transcriptomics-technologies-market.html

Transcriptome refers to the complete set of all coding and non-coding ribonucleic acid (RNA) molecules present in an individual or population of cells. Transcriptome accounts for about less than 5% of the total genome. Transcriptomics research refers to the study of functional and structural aspects of RNA transcripts in a given cell. This research provides insights about the gene expression and gene regulation mechanisms in normal and diseased cells such as cancerous cells. In addition it aids in identification of novel gene sequences and potential drug targets. With the increasing preference for personalized medicine and companion diagnostics, transcriptomics technologies promises increased participation of pharmaceutical and biotechnology companies in healthcare and medical research projects. The most important factors favoring growth of global transcriptomics market include consistent technological upgradation followed by increased healthcare and R&D expenditure by pharmaceutical and biotechnology companies. Also, continuous exploration of biomarkers and novel gene sequences will drive the growth and acceptance of transcriptomics technologies across the globe.

Lack of effective bioinformatics tools employed for transcriptome analysis is one of the major factors expected to hamper the ready acceptance of transcriptome analysis tools and services. In addition, lack of awareness about genomic medicine and domain expertise are the other factors which might restrain the market growth. Increased research investments made by several pharmaceutical and biotechnology companies to develop targeted therapeutics, provide a growth opportunity to the transcriptomics technologies. Currently, the trend of contract research outsourcing is advantageous for the development and commercialization of transcriptomics research outcomes.

The global transcriptomics technologies market can be categorized by technology, application and geography. RNA sequencing technologies have surpassed the usage of microarrays in drug discovery and research with increased efficiency and reliability. Transcriptomics technologies market for microarrays was the most prominent segment of the market in 2012 by revenue. However, next generation sequencing technologies are steadily surpassing the use of microarrays, owing to their higher efficiency, reliability and capabilities. Extensive research activities and technological evolution of sequencing platforms further propel adoption of next generation sequencing technologies. Another attractive segment of this market is that of gene regulation technologies such as micro RNA and RNA interference technology. These technologies regulate proper functioning of the genes in normal as well as diseased cells. It is estimated that the market for gene regulation technologies will grow at a CAGR of over 15% from 2013 to 2019.

At the regional level, North America was the largest market in 2012 for transcriptomics technologies followed by the European region. Presence of sophisticated and well infrastructured research and medical laboratories followed by increased participation of respective governments in healthcare sector will propel growth and acceptance of transcriptomics research in North American market. The Asia-Pacific region is expected to record commendable growth by 2019 due to huge untapped potential population, rising disposable income, increased healthcare investments and extensive research carried out in the biotechnology field.

Transcriptomics technologies market is characterized by the presence of established players as well as new players solely operating in this market. The major companies competing in this market are Agilent Technologies, Inc., Affymetrix, Inc., Life Technologies Corporation, Illumina, Inc., F-Hoffmann La Roche Ltd. and Thermo Fisher Scientific.

The global transcriptomics technologies market is segmented as follows:

Transcriptomics Technologies Market, by Technology

• Microarrays
• Polymerase Chain Reaction (PCR)
• Gene Regulation Technologies (mRNA and RNAi technology)
• Next Generation Sequencing (NGS) technologies

Transcriptomics Technologies Market, by Application

• Clinical Diagnostics
• Drug Discovery and Research
• Bioinformatics
• Comparative Transcriptome studies

Transcriptomics Technologies Market, by Geography

• North America
• Europe
• Asia-Pacific
• Rest of the World (RoW)

Browse the full Transcriptomics Technologies Market Report at http://www.transparencymarketresearch.com/transcriptomics-technologies-market.html

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and 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

Ms. Sheela AK

90 Sate Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com/

Global Freeze Drying Equipment Market is Expected to Reach USD 30.98 Billion by 2019: Transparency Market Research

According to a new market report published by Transparency Market Research titled “Freeze Drying Equipment (Laboratory, Bench Top, Mobile, Industrial and General Purpose) Market for Food Processing, Pharmaceuticals, Surgical Procedures, Biotechnology and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019,” the global freeze drying equipment market was worth USD 15.9 billion in 2012 and is expected to reach USD 30.98 billion by 2019, growing at a CAGR of 10.5% from 2013 to 2019.

Browse the full Freeze Drying Equipment market report at http://www.transparencymarketresearch.com/freeze-drying-equipment-market.html

Industrial freeze dryers showed the highest demand in 2012 and accounted for about 45% of the market share. Supported by an ever-growing pharmaceutical and food processing industries, these freeze dryers are expected to remain as the major market segment in 2019 and are expected to grow at a CAGR of 10.3% between 2013 and 2019. The demand for mobile and benchtop freeze dryers is expected to grow at faster rates than other segments. General purpose freeze dryers are also expected to show healthy growth numbers by 2019.

Key application segments analyzed in this study include food processing, pharmaceuticals, biotechnology, surgical procedures and others. Food processing was the largest segment and accounted for about 35% of the market share in 2012. This is a mature segment and is expected to show healthy growth numbers by 2019. Biotechnology is expected to be the fastest growing segment between 2013 and 2019. Other applications such as leather conservation, flower preservation, taxidermy and eco-friendly burials are expected to gather pace in the freeze-drying equipment market in the coming few years.

North America dominated the global market for freeze-drying equipment in 2012. With over 30% global market share in terms of revenue, North America is the leading consumer of the equipment. Europe accounted for about 28% of the total revenue share in 2012. The global freeze-drying equipment market has witnessed significant capacity addition during the recent past. Asia Pacific is a lucrative market for new plant establishments and capacity expansions and is expected to show the highest growth numbers between 2013 and 2019.

 The global market for freeze-drying equipment is highly fragmented with top six companies accounting for close to 25% of the total market. Thermo Fisher Scientific Inc., GEA Niro, Telstar S.A., I.M.A. S.p.A, Labconco Corp., SP Industries Inc.and others are some of the major manufacturers of freeze-drying equipment.

Freeze drying equipment market: Product segment analysis

·         Laboratory freeze drying equipment

·         Benchtop freeze dryers

·         Mobile freeze dryers

·         Industrial freeze dryers

·         General purpose freeze dryers

Freeze drying equipment market: Application segment analysis

·         Food processing

·         Pharmaceuticals

·         Surgical procedures

·         Biotechnology

·         Others (including leather conservation, flower preservations, etc.)

Freeze drying equipment market: Regional analysis

·         North America

·         Europe

·         Asia Pacific

·         Rest of the World (RoW)

Browse the full Freeze Drying Equipment market report at http://www.transparencymarketresearch.com/freeze-drying-equipment-market.html

About Us

Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and 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

Ms. Sheela AK

90 Sate Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com/

Global Acetic Acid Market is Expected to Reach USD 10.31 billion in 2018: Transparency Market Research

According to a new market report published by Transparency Market Research “Acetic Acid Market for VAM, PTA, Acetate Esters, Acetic Anhydride and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018”, the global acetic acid market was valued at USD 5.93 billion in 2011 and is expected to reach USD 10.31 billion by 2018, growing at a CAGR of 9.3% over the forecast period from 2012 to 2018. In terms of volume, global demand was 9,612.5 kilo tons in 2011 and is expected to grow at a CAGR of 4.8% over the forecast period from 2012 to 2018.

Browse the full Acetic Acid Market Report at http://www.transparencymarketresearch.com/acetic-acid-market.html

Vinyl acetate monomer (VAM) and purified terephthalic acid (PTA), which are major applications of acetic acid together accounted for over 55% of the global consumption in 2011. Growing demand of both the applications from the end-use industries such as adhesives, sealants and packaging has been fueling market growth. However, volatile raw material prices may a pose a challenge to the industry participants in the coming future.

Vinyl acetate monomer (VAM) dominated market demand and accounted for 32.5% of the global acetic acid consumption in 2011. VAM demand is expected to remain strong over the next five years owing to growth of global adhesives and sealants industry. PTA followed VAM in terms of consumption and is expected to be fastest growing market at an estimated CAGR of 5.4% over the forecast period from 2012 to 2018. PTA application is expected to show substantial growth on the account of growing demand from polyethylene terephthalate (PET) and other end-uses. Other applications acetate esters and acetic anhydride together accounted for 27.3% of the global consumption in 2011.

China emerged as the leading consumer of acetic acid with 36.2% of the global demand in 2011. Strong economic growth coupled with rapid industrialization is expected to boost the acetic acid market in the region. In addition, China is also expected to be the fastest growing market at an estimated CAGR of 5.4%, from 2012 to 2018. North America and Europe followed the Asian market and are expected to experience moderate growth due to saturated demand from end-use industries.

 The global acetic acid market is highly concentrated with the top four market participants accounting for over 60% of the global market in 2011. Key participants in the market include Cleanse Corporation, British Petroleum PLC., JinagsuSopo, Eastman Chemical, LyondellBasell, SABIC and Yancon Cathay Chemicals.

The report segments the global acetic acid market as,

Acetic acid Market: Application Analysis,

o   Vinyl acetate monomer (VAM)

o   Purified terephthalic acid (PTA)

o   Acetate esters

o   Acetic anhydride

o   Other (pharmaceuticals, food, etc)

Acetic acid Market: Regional Analysis,

o   North America

o   Europe

o   China

o   Rest of Asia Pacific

o   Rest of the World

About Us

Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and 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

Ms. Sheela AK

90 Sate Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com/

Browse the full Acetic Acid Market Report at http://www.transparencymarketresearch.com/acetic-acid-market.html

Intelligent Transportation System (ITS) Market is expected to reach USD 30.2 Billion by 2019: Transparency Market Research

According to a new market report published by Transparency Market Research “Intelligent Transportation System (ITS) Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,” the global market is expected to reach a value of USD 30.2 billion by 2019, at a CAGR of 11.1% from 2013 to 2019.

The demand of ITS systems is rising globally due to increased congestion in metropolitan areas. Development and deployment of intelligent transportation system not only reduces traffic, but also reduces number of accidents and improves quality of life by controlling vehicle emission levels. In addition, these systems reduce financial burden on countries by reducing fuel consumptions and traveling delays. These benefits of ITS systems are motivating both developed and developing countries to invest in these technologies instead of spending huge amount on transportation network expansion.

Browse the full Intelligent Transportation System (ITS) Market Report at http://www.transparencymarketresearch.com/intelligent-transportation-system-market.html

Advanced transportation management systems (ATMS) used for traffic control and management accounted for the largest revenue share of 42.1% of the overall market. Significant investment is expected in this segment with increasing traffic problems in both developed and developing economies across the world. Advanced vehicle pricing systems which include electronic toll collection, congestion pricing, vehicle mile travel and other road user charging systems are expected to have a huge demand across the world. This is due to the increasing attention of highway and local transportation operators to reduce traffic on both urban and inter-urban transportation networks.

Traffic management and road user charging were two dominating applications with a share of 58% in 2012. Environment protection is emerging as well as the fastest growing application of ITS. In addition, automotive telematics is another major segment in ITS applications. Huge demand for vehicle position systems and navigation systems are expected from both vehicle manufacturers and owners due to increasing need to access real-time information. Advancement in wireless technologies are playing important role in the development of automotive telematics market. In wireless technologies, market is moving from dedicated short range communication (DSRC) technology to more sophisticated satellite based vehicle positioning systems (VPS) due to their higher adaptability and flexibility.

 Global ITS market was dominated by North America and accounted for 42.2% of the revenue share in 2012. Government initiative and promotional activities particularly in the U.S. increased the demand for ITS systems in both public and private sector in North America. Asia-Pacific is the fastest growing region in the global market through the estimated period and huge investment is expected from developing countries including India, China, Thailand and Malaysia. In addition, large development in ITS market is expected in Middle East, Africa and South America as countries in these regions are investing in the transportation sector to support their economic growth.

Global ITS industry looks very competitive with large numbers of multinational and domestic hardware, software and end-use solution suppliers. The major players in the global ITS market include Siemens AG (Germany), Kapsch TrafficCom AG(Austria), Hitachi Ltd (Japan), Q-Free ASA (Norway), TomTom NV (Netherlands), Denso Corp (Japan), Xerox (U.S.) and others.

The global intelligent transportation system market is segmented as below:

By type

§  Advanced traveler information systems (ATIS)

§  Advanced transportation management systems (ATMS)

§  Advanced transportation pricing systems (ATPS)

§  Advanced public transportation systems (APTS)

§  Cooperative systems

By application

§  Traffic management

§  Road safety and surveillance

§  Freight management

§  Public transport

§  Environment protection

§  Automotive telematics

§  Parking management

§  Road user charging

By Geography

§  North America

o   U.S.

o   Canada

o   Mexico

§  Europe

o   UK

o   Germany

o   Italy

o   Russia

o   Rest of Europe

§  Asia-Pacific

o   Australia

o   China

o   India

o   Japan

o   Singapore

o   Korea

o   Rest of Asia-Pacific

§  Rest of the World

o   Middle East

o   South America

o   Africa

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports thrive to provide clients to serve their overall research requirement.

Contact

Ms. Sheela AK

90 Sate Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com/

Browse the full Intelligent Transportation System (ITS) Market Report at http://www.transparencymarketresearch.com/intelligent-transportation-system-market.html