Promotion of Propane as a Clean Fuel Vital for Market Growth

Propane is a clean fuel that is mentioned in the 1990 Clean Air Act and also the 1992 National Energy Policy Act. The increasing popularity of propane as a cleaner gas is fueling its demand in several countries. The efficiency, delivery output, and value of propane-powered home appliances is higher compared to that of other energy resources, Hence, propane is increasingly being used in the residential sector as a substitute fuel, as it releases a lower amount of carbon emissions.

However, the global propane market is facing competition from alternative fuels and many other trends that are suppressing the market. Players in the market need to overcome these challenges to achieve healthy, sustained growth. Let’s look at the key challenges the global propane market is facing.

Browse Market Research Report of Propane Market: 

http://www.transparencymarketresearch.com/propane-market.html

Evolving with Current Trends

To maintain sustained growth, the global propane market needs to evolve with the shifting market trends. Furthermore, the market needs to maintain its high share in the residential and commercial sectors. However, there are many threats the global propane market needs to address to achieve this. Some of these threats are

• The use of propane per user has declined substantially,
• The electric heat pump technology has become more efficient and economical, which is reducing the application of propane in the heating sector
• The price of propane has substantially increased, and the sale of propane in the housing sector is shrinking.

Leveraging Regional Trends

The trends in the global propane market vary from region to region. This can be challenging for firms that have one rigid approach to penetrate markets. Hence, companies in the global propane market need to create a tailored approach that suits specific regional conditions and requirements of that particular market.

Propane Price

When consumers have access to various forms of energy that offer the same functionality, then price becomes the primary consideration for users. Propane prices need to be made more competitive in order to create more opportunities. Potential consumers will recognize the cost advantages of propane as a fuel if companies market the product as a cost-effective and cleaner fuel. By communicating these benefits effectively, companies can induce consumers to switch from traditional fuels to propane. 

Regulatory Scenario

Propane is a fuel that burns cleaner and has much lower carbon emissions compared to other fuels such as kerosene, fuel oils, and gasoline. On the other hand, compared to natural gas, propane offers a drastically lower contribution to global warming, which makes it preferable over natural gas in many applications. However, these advantages are not recognized widely by decision makers in the present national energy policies. Hence, players in the global propane market, along with other agencies, need to promote the use of propane in regional markets.

Browse Press Release of Propane Market: 
http://www.transparencymarketresearch.com/pressrelease/propane-market.htm

Despite the clear need for more effective marketing, the overall outlook of the global propane market is positive. According to a leading market research firm, the global propane market will expand at a moderate 3.56% CAGR during the forecast period of 2014-2022. By 2022, the global propane market is expected to be worth US$145.82 billion.

Global Railcar Mover Market: Rising Investments in Railroad Infrastructure Fueling Market Growth

The growth in the railway transit network worldwide is opening new avenues for the development of the global railcar mover market. According to a research study, published by Transparency Market Research, the global market for railcar movers is projected to report a CAGR of 1.02% between 2014 and 2020. Analysts at TMR state that the global railcar movers market continues to follow a trend of outrageous demand. The rising investment in railroad infrastructure and rail assets is fueling the growth of this market.

The global railcar mover market is divided regionally into North America, Europe, Asia Pacific, and the Rest of the World. North America occupies the leading position in the global railcar movers market at present. However, this regional market is losing ground to the Asia Pacific railcar mover market. Over the period from 2014 to 2020, the North America railcar mover market is estimated to record a CAGR of 0.69%, whereas the market in Asia Pacific is likely to outgrow the North America market with a CAGR of 1.33%.

Browse Market Research Report of Railcar Mover Market: 

http://www.transparencymarketresearch.com/global-railcar-mover-market.html

The advancing economy, rising disposable income, and increasing profit from GDP in several nations is prompting rapid industrialization in the Asia Pacific region. The market is driven by growing investment in railroad infrastructure. With the development in railroad infrastructure, railcar movers are being electrically powered, which is anticipated to reduce fuel costs, travel time, and pollution, and increase efficient access to goods and transportation.

On the other hand, in North America, the increasing export and import of chemicals and minerals, food and beverages, automobiles, and construction materials have fueled the growth of the railcar mover market. The rise in the production of oil, coal, natural gas, and other liquid bio-fuels, coupled with the declining oil prices, has further stimulated the railcar movers market in this region.

• The most important factor behind the rise of the North American railcar mover market is the presence of the world’s biggest market players, Trackmobile, Railking, and Shuttlewagon, in this region.

• Trackmobile is the world’s leading railcar mover manufacturer. Established in 1947, the company has more than 10,000 Trackmobile units, which have been functioning in 54 countries across the globe.

• Railking is another big name in the global railcar mover market. It was developed by Stewart & Stevenson in 1990 and was produced in four technically enhanced generations. It supports railcar switching operations allover in North America and overseas.

• Shuttlewagon, a subdivision of Nordco, is among the topmost designers and developers of mobile railcar movers for various industries such as mining and refining. The firm offers 9 models of railcar movers, each one with a different type of engine configuration to suit the specific requirements of the end user. The latest one from the company is the Navigator Series, which boasts of the world’s highest capacity mobile railcar mover, named NVX8040.

Browse Press Release of Railcar Mover Market: 

http://www.transparencymarketresearch.com/pressrelease/railcar-mover-market.htm

These 3 players together hold a majority share in the global railcar mover market. Other prominent players in this market are Brandt Road Rail Corp., Railquip Inc., Unilokomotive, Unimog, Zweiweg, Zwiehoff, Zephir, and UCA.

Welding Consumables Market in India: Growing Steel Sector Points to Thriving Growth

Steel consumption is considered a reliable indicator for quantifying welding activity. As per projections from the World Steel Association, demand for steel in India is projected to grow by 6.2% in 2015 and 7.3% in 2016 as compared to the increase in global steel consumption by 0.5% and 1.4% in 2015 and 2016, respectively.

Steel consumption is considered a reliable indicator for quantifying welding activity. With Indian consumption of crude steel gauged at approximately 50 MMT (million metric tonnes) for 2008, the Indian welding market was estimated at US$0.6 billion for the year. In India, welding contributes significantly to the GDP in several ways, such as welding intensive industries, auxiliary products, complementary goods, employment, and user industries. Welding is one of the major manufacturing processes and employs a large variety of material for fabrication of a large range of goods.

Browse Market Research Report of India Welding Consumables Market: 

http://www.transparencymarketresearch.com/india-welding-consumables-market.html

Indian Welding Industry- An Overview

In India, some of the major industrial sectors that dominate demand for welding processes and consumables are:

• Heavy Engineering Fabrication – The sector is the prime mover that contributes to the development and utilization of newer welding technologies. The growth of the sector accounts significantly to GDP and gives thrust to associated industries. The fabrication in this industry category is mainly for power, refineries, petrochemicals, and process plant industries.  

• General Construction and Engineering – This industry category includes a large number of medium and small fabrication units, which presents the general image of the welding industry. Due to the large number, this industry category deserves larger attention.

• Shipbuilding and Repair Services – Shipbuilding is one of the major contributors to the economy of the country. Worldwide, the overall improvement in the economic situation for inspection of pipeline painting has led to huge demand from the shipbuilding industry and in turn from the welding and welding consumables market.

• Automation Production – The automobile sector has undergone a sea change in the last couple of years. Big names in automobile manufacturing across the globe have recognized the potential and invested heavily in the automobile sector in India. As per 2008 statistics, automobile production constituted 10% of Indian GDP.

• Railways/Transportation – Indian Railways is one of the largest rail network in the world. Until independence in 1947, there were not any major welding activities, but in present times all major processes are used for the sector.

In the welding industry, welding consumables account for a significant share as compared to welding services and welding equipment. Estimates from a recent market study report by Transparency Market Research (TMR) project the welding consumables market in India to be valued at US$45.37 billion by 2020. 

Browse Press Release of India Welding Consumables Market: 

http://www.transparencymarketresearch.com/pressrelease/india-welding-consumables-market.htm

Here are some of the factors that determine the trajectory of the welding consumables market in India:

• The demand for welding consumables is directly related to steel production in the country.
• Stick electrodes are mainly used as a low-cost alternative for manual welding processes. For such reasons, stick electrodes held more than 45% of the market in 2013.
• Due to attributes such as lower wastage, higher productivity, being suitable for automatic welding systems and outdoor work, and wide applications for several welding technologies, solid and flux cored wires will have higher preference.
• The SAW wires and fluxes product segment is expected to account for more than 7% of the market by 2020.

China Roots for Potatoes – Largest Potato Producer in the World Now Focuses on Increasing Domestic Consumption

China is betting on expanding its potato acreage to bring in more revenues to the agricultural sector as well as the food processing sector. Key interest areas lie in processed potato-based foods such as French fries, potato flakes and innovative products such as potato-based noodles. The industry’s confidence in potato farming has been growing and several fresh investments are set to be infused in potato production and processing alike. 

The Chinese agricultural ministry has undertaken several measures to encourage more farmers to cultivate potatoes; as a result, the market is growing at healthy pace. Naturally, companies that are already invested in the potato market in China are looking to lay claim to a larger share of the expanding revenue pie. 

A case in point would be Linkage Potato Co. Ltd., which is actively expanding its current line-up of potato-based products and hopes to whet the appetite of Chinese consumers in the process. The company has five farms in Inner Mongolia, where the majority of potato is cultivated in China. This region is attracting many food processing companies as the lucrativeness of potatoes scales upward.

Anticipating an increase in demand, Linkage told a leading media agency in China that it was planning to boost its current potato-flake-production capacity from 3,000 tons currently to about 15,000 tons this year. 

Although China produces the maximum potatoes in the world, its domestic potato consumption fades in comparison to that in Europe. The consumption of potatoes in China currently stands at 41.2 kilograms – this remarkably lower than the United States and Europe. Currently, about 5.5 million hectares of land are under potato cultivation in China. This, the Chinese Ministry of Agriculture says, is ostensibly because people in China are still not fully aware of the high nutritional value that potatoes offer. 

But if China has to successfully increase revenues from potato production, it needs to focus on improving seed quality, cultivation and irrigation practices as well as bring about a change in current eating habits.

Bio-Based and Biodegradable Marine Lubricants Market will Report Faster Growth with EPA’s Focus on Environmentally Acceptable Lubricants (EAL)

Marine lubrication is a complex process because of the sheer numbers of machines and components that run a large ship or vessel. From rust-prevention lubricants to gear oils to hydraulic oils to engine cylinder oils to compressor oils, a myriad of marine lubricants are required. All of these products collectively constitute the global marine lubricants market – a market that is expected to stand at 2,902.3 kilo tons in 2022. According to Transparency Market Research, the global marine lubricants market is expected to grow modestly but steadily at a compounded annual growth rate of 3.63% between 2014 and 2022. 

The shipbuilding industry has not disappointed in the past few years, and this aspect has propelled the growth of the global marine lubricants market as well. All the same, the market has had to surmount several regulatory changes, such as the switchover to the use of Environmentally Acceptable Lubricants (EAL), which required several leading manufacturers to reformulate some of their best-selling marine lubricants. 

Browse Market Research Report of Marine Lubricants Market: 

http://www.transparencymarketresearch.com/marine-lubricants-market.html

What are EALs and How Will They Impact the Marine Lubricants Market?

In 2013, the United States’ Environment Protection Agency (EPA) mandated the use of environmentally acceptable lubricant (EAL) under its 2013 Vessel General Permit (VGP). This change was made applicable to all vessels – longer than 79 feet – entering U.S. waters. The website of the EPA states that “All vessels covered under the VGP must use EALs in all oil-to-sea interfaces, unless technically infeasible.”

This change proved to be a massive opportunity for companies in the marine lubricants market – it also benefited several niche companies that were struggling to make their biodegradable marine lubricants commercially successful. 

Some of the reasons why shipping giants are choosing bio-based and biodegradable marine lubricants are:

• The performance of EALs is at par – sometimes even better – than that of conventional lubricants
• The use of EALs helps ensure better compliance with numerous environmental management programs as well as ISO guidelines
• The use of bio-based and biodegradable marine lubricants is seen as a great way for large shipping corporations to establish their green credentials
• In the case of accidental leakage of biodegradable lubricants into the water, there have been certain cases where authorities have imposed lower fines

Improved Chemistry Brings With it Innovative Marine Lubrication Products

Going forward, improved chemistry is expected to help market players launch new and innovative marine lubricants in the market. Capacity additions are an equally important part of the growth strategy. Total, for instance, recently commenced operations at its new lubricants oil blending plant in Singapore. The new plant boasts an impressive capacity of 310,000 metric tons – the new plant will help Total reach out to more customers in the Asia Pacific region. Similarly, Vickers Oils, which claims to be the first company in the world to commercially market biodegradable lubricants in 2002, has expanded its product portfolio of EAL lubricants. 

Browse Press Release of Marine Lubricants Market: 

http://www.transparencymarketresearch.com/pressrelease/marine-lubricants-market.htm

The demand for marine lubricants is expected to show strong growth in the Asia Pacific region, and market participants are gearing up to meet this demand with broader product portfolios and new plant development. The efforts of market players will largely be focused on formulating safe synthetic and bio-based lubricants in the next few years.

Increasing Spending Power of the Middle Class Drives Asia Pacific’s Booming Pet Food Market

Multinational companies have long aimed to the large number of Asian households and their need for various goods and services. On the basis of daily spending levels of US$2-US$20, the Asian Development Bank estimates 56% of the population could be regarded as middle class in 2002, representing a significant growth from only 21% in 1990. Thus, the proportion of middle-class spenders is rising at an unwavering pace.

With rising incomes comes the financial ability to splurge on luxuries such as pets. The pet population in Asia Pacific has been growing at a steady rate over the last decade and more, leading to pet food manufacturers increasingly looking at APAC as the market of the present and future.

Browse Market Research Report of Asia Pacific Pet Food Market: 

http://www.transparencymarketresearch.com/asia-pacific-pet-food-market.html

With Australia and New Zealand included, where pets outnumber humans, Asia’s total pet population totaled to approximately 488 million in 2011, which makes for a whole lot of pet food. Asia Pacific makes up a significant chunk of this pet population, thanks to the growing figures in Australasia, India, and China. Additionally, with growing wealth and busy lifestyles, couples tend to have fewer children, which is another reason why pets are becoming more popular. 

How is Japan a Strong Contender in Pet Food Market in Asia Pacific?

Amongst all the APAC national markets for pet food, Japan is the largest, where more and more people consider pets to be family members, which translates to more business opportunities for pet food manufacturers. With apartments becoming the most popular type of residence in Japan, dogs and cats, particularly smaller breeds, are the most popular pets. 

However, it appears that the dog and cat populations in the country have reached their maximal level. In 2008, the combined dog and cat population was 24 million in Japan, which diminished to 20.7 million in 2011. This drop of almost 14% can be attributed to higher life expectancy of pets due to availability of better food and living conditions.

In general, there is less interest in ‘other’ pets in Japan. Due to alarming concerns about avian (bird) flu, the import of birds into Japan is restricted; hence, the number of pet birds, approximated at 3.7 million in 2006, dropped to 2.3 million in 2011. Although the adoption of small reptiles and small fish rose in 2010 and 2011 as compared to the late 2000s, it remains a relatively small market. 

Browse Press Release of Asia Pacific Pet Food Market: 

http://www.transparencymarketresearch.com/pressrelease/asia-pacific-pet-food-market.htm

Transparency Market Research (TMR) offers insights into what the pet food market in Asia Pacific will look like in the coming years:

• The dog food segment holds the largest market share and is estimated to reach US$6,554.2 million by 2020. 
• The others segment, which includes bird food, reptiles, fish food, and other small animals will exhibit the fastest growth at a CAGR of 2.7% from 2014 to 2020.
• Ease of handling and low price account for high demand for dry pet food in Asia Pacific.
• Increasing awareness about pet health will lead the nutritious food segment to reach US$361.3 million by 2020.
• With a large proportion of the Japanese population choosing not to have children, pets are increasingly considered as a substitute, which is encouraging a “pampered pet’ industry. This accounts for Japan to become one of the largest markets for pet food in Asia Pacific.
• Changing lifestyles and growing trend of nuclear families in India is leading to higher demand for pets in India, which in turn is helping the pet food market in the country.

Pet Food Industry: Taxes to Play Spoilsport in Latin America, Religious Obligations to Restrict Market in the Middle East

Pet ownership can point to the economic and social well-being of a region. Increase in disposable incomes and the growing trend of nuclear families lead to the adoption of pets. Awareness about pet hygiene, nutritional requirements of pets, and quality of pet food is also correlated to the increased disposable incomes. In Latin America, the pet food market looks promising and is estimated to grow at a CAGR of 3.5% during the period between 2014 and 2020 to reach a valuation of US$10,361.0 million by 2020. On the other hand, the Middle East pet food market is not as flourishing and is projected to be worth US$350.5 million by 2020. 

Religious Obligations to Restrict Pet Food Market in the Middle East

In 2006, Saudi Arabia enforced a ban on the sale of cats and dogs, citing religious obligations. Later on, in 2008, the UAE banned 16 breeds of guard dogs as pets. Religious obligations have played a major role in restricting the pet food market in the Middle East. Pets such as dogs are kept for security and hunting rather than for companionship. Cats, especially tamable big cats such as Cheetahs, are kept as luxury pets in the Gulf States. Falcons are also admired as pets for hunting. 

Browse Market Research Report of Middle East & Latin America Pet Food Market: 

http://www.transparencymarketresearch.com/middle-east-latin-america-pet-food-market.html

However, in the recent years, people have started appreciating pets in the region. Dog shows are hosted in countries such as the UAE and Egypt. This has resulted in healthy growth of the pet food market, which is expected to grow at a CAGR of 5.6% during the period from 2014 to 2020. 

Pet Food Tax in Mexico: How It Affects Pet Food Market in Latin America

Latin America’s love for pets is well-known. The dog-owning tradition can be traced to the Inca people of Machu Pichhu. However, dog owners in Mexico City are finding it expensive to continue the tradition. From January 2014, the federal government in Mexico has levied a 16% sales tax on pet food. This has negatively impacted the pet food market in the country. The tax would particularly affect the purchasing decisions of low-income groups and would deter them from buying pet food. Animal rights groups have further pointed out that this would lead to increased abandonment of pets. 

Brazil: The Bull’s Eye for Pet Food Manufacturers

Globally, Brazil is the second largest market for dog food after the U.S., with 36 million pet dogs. Abinpet, the Brazilian Association of Industries of Pet Products, is hopeful that the pet market would contribute significantly to the GDP of the nation. 

However, in Brazil too, increased taxes on pet food, which is pricier when compared to human food and agricultural goods, has led pet owners to feed human food leftovers to their pets. For the pet food market to grow further in the country, tax reductions on pet food are needed. 

Other Latin American nations such as Argentina, Chile, Venezuela, and Brazil have witnessed soaring demand for pet food, especially dry pet food, due to its low price. It has been observed that Latin American customers prefer dogs as pets more than cats or other animals. Obviously, the demand for dog food in the region is quite high. Globally, Brazil is the second-largest market for dog food after the U.S. with 36 million pet dogs. Abinpet, the Brazilian Association of Industries of Pet Products, is hopeful that the pet market would contribute significantly to the GDP of the nation. 

Browse Press Release of Middle East & Latin America Pet Food Market: 

http://www.transparencymarketresearch.com/pressrelease/middle-east-latin-america-pet-food-market.htm

However, in Brazil too, increased taxes on pet food, which is higher when compared to human food and agricultural goods, has led pet owners to feed human food leftovers to their pets. For the pet food market to grow further in the country, tax reductions on pet food is needed.

Eximo’s Series A Funding Round Successful; Funding to be Used for Clinical Trials

Eximo Medical, a company specializing in medical devices manufacturing, has announced that it has successfully raised US$1.6 million via its Series A funding. The company’s funding round was led by Accelmed, an investment fund that focuses on medical device companies. Other notable participants in the funding endeavor were a private investor (whose name was not publicized in the company’s announcement) and Alfred Mann Institute at the Technion 9which works under the aegis of the Technion R&D Foundation. 

One of the most innovative products that Eximo has developed is a hybrid catheter. This patented medical device, which carries the name brand Cathi™, is directly connected to a laser system. This pulsed laser system is programmed to operate at a 355 nanometer UV. The tip of the catheter fuses laser ablation abilities with a mechanical blunt blade. With this combination, a marked improvement in accuracy has been observed. This also helps achieve superior precision when being passed through a blocked vessel, irrespective of the vessel’s size or the type of lesion.

The new medical device is unique in that it carries the potential to help optimize the degree of performance and safety associated with vessel perforation. This new system’s performance as well as that of its catheters will be tested in several rounds of human studies slated to be conducted in Europe and Israel toward the last quarter of 2015. The funding raised recently will be used for these medical studies, said a press release issued by Eximo. Currently, Peripheral Artery Disease is a multi-billion dollar market that affects an estimated 8 million to 12 million Americans. In fact, PAD has been identified as a leading cause (66%) of all limb amputations – a procedure that continues to beset patients even today.

Indian Company Develops Cost-Effective Portable Diagnostic Device that can Test for Range of Diseases

Even as companies dealing in medical device technologies stumble upon new business opportunities in low-income and emerging economies, a diagnostics company based in India hopes to break a barrier with the introduction of its new device, which it terms a ‘lab-on-cartridge’. The device has been developed using inexpensive technologies that carry the capability to instantly scan samples for a list of diseases and infections.

According to market analysts, the Indian company, DiaSys Diagnostics, has in its hands a product that carries several advantages over those of its counterparts. The device hopes to solve a larger problem that’s characteristic of developing countries – a lack of equipment that can perform quick and accurate tests. There is a massive white space when it comes to offering cost-effective diagnostic equipment to labs in such countries, where clinics (especially those in rural areas) are not adequately equipped. This is where the importance of point of care devices comes to the fore.

Point-of-care devices such as this can be effectively deployed in rural areas where patients need access to better diagnostics but clinics aren’t able to provide them at affordable prices. With the new ‘lab-on-cartridge’ device, a single finger-prick blood sample can carry out a bevy of tests. The product, which is being sold under the name brand QDx InstaLab, makes use of easily available and affordable microfluidic cartridge technology, coupled with nanomaterial-based biosensors (made of special grade plastic). With a single blood sample, the device is able to effectively able to check whether organs are functioning as required. 

The device can effectively check for conditions such as liver diseases, diabetes and kidney diseases. The device also offers details on cholesterol levels and can identify risk factors associated with cardiovascular diseases. These results are provided in a span of less than 10 minutes. DiaSys plans to target this device at rural, semi-rural, third- and second-tier cities.

As Chemical Pollutants Degrade Quality of Soil and Yield in China, Mandates to Promote Eco-Farming Receive Thrust

China might have earned the reputation of being the world’s chemicals hub, but the country is now trying to reduce its own dependence on chemicals and inorganic fertilizers – this change is manifesting itself in the form of policies promoting green or eco-friendly agriculture practices.

The country is taking concrete steps toward making this change possible. The first change that the country hopes to bring about to realize its dream of large-scale eco-friendly farming is a cap on the use of fertilizers and chemicals. The Chinese Ministry of Agriculture, according to recent media reports, is betting big on this change and it is only a matter of time before the country puts mandates in place to make eco-friendly farming practices a norm. 

Already, a few objectives are in place: by the end of 2020, China’s agricultural ministry expects that the utilization of irrigation water should be at least 55%. Currently, the water utilization rate in irrigation operations in China stands at 52%. China’s minister for agriculture, Han Changfu, said during a conference this week in Chengdu that the management of resources such as manure and crop straw should be improved. At the same time, the use of agricultural films should be made more efficient.

As things stand in the agriculture sector in China today, one cubic meter of water produces only one kilogram of grain – this is low as compared to the output in developed countries, which is between 1.2 and 1.4 kilograms. 

China’s output of summer grain has been at record-breaking levels for 12 years in the running. While this certainly is good news for the Chinese agricultural sector, a few serious concerns are now being raised. Soil hardening and acidification, for instance, is already plaguing farmers in China. The problem with these undesirable changes is that the cost of producing grain is rising, and yields are dipping. 

According to national statistics, at least 16% of the soil in China features a higher degree of pollutants than permissible. 

Smart and Mobile Supply Chain Solutions Market: A Smart Bet for Maximum Gains in Uncertain Economic Times

In current times, the industrial sector has encountered many challenges such as economic uncertainty, changing consumer purchasing patterns, short-lived product lifecycles, increased product choices, and stricter compliance stipulations.

With altering consumer preferences and unpredictable buying patterns, both retailers and suppliers are stocking limited inventory, which in turn creates supply chain delays. In such a scenario, retailers are also facing a challenge to optimize the supply chain network, manage several suppliers for a multitude of sales channels all over the world, and keep a check on logistics costs.

What is the best way, then, to enhance supply chain visibility and improve its efficiency? In the last 10 years, the ubiquity of smart mobile devices has dramatically propelled organizations in this area. Today’s enterprise mobility tools provide unparalleled supply chain visibility and transparency, thus empowering enterprises to address concerns in the entire value chain.

Browse Market Research Report of Smart and Mobile Supply Chain Solutions Market: 

http://www.transparencymarketresearch.com/smart-mobile-supply-chain-solutions-market.html

Technology and High-Speed Communication Medium form the Basis of Mobile Supply Chain Systems

Internet-based retail supply chain outsourcing tools allow companies to efficiently manage complex supply chains by simplifying operations. The use of advanced technology enables major market players to reduce costs and optimize supply chain management.

Such solutions allow enterprises to leverage flexible ‘what-if’ analyses and effective feedback for the best possible synchronization of activities throughout the supply chain. Hence, it paves the way for an increase in revenue, minimized cycle times, enhanced forecast precision, optimized inventory, higher production efficiency, higher benefits from transportation savings, and improved customer satisfaction.

Thus, mobile supply chain solutions are the smart way for enterprises to reap a range of advantages and offer efficient, economically viable solutions. Owing to such attributes, the global smart and mobile supply chain solutions market is estimated to grow at a CAGR of 13.2% from 2014 to 2020, forecasts a new market study by Transparency Market Research (TMR).

Retail and manufacturing sectors account as the largest end users of smart and mobile supply chain solutions, with the former holding 18.5% and the latter holding 18.4% of the market in 2013.

Analysts take into account the factors that influence the smart and mobile supply chain solutions market; here’s a lowdown:

• Increasing need for agile warehouse management and fluctuating fuel prices worldwide will account for the significant growth of connected transportation management systems (TMS) and connected warehouse management systems (WMS) in the coming years.
• Rising demand for integrated supply chain solutions in logistics and retail will drive demand for smart and mobile supply chain solutions in next few years.
• Sophisticated IT infrastructure and flourishing organized retail sector account for North America and Europe’s dominance in the market in 2013.
• Globalization and large business volumes will lead emerging markets in Asia Pacific and Middle East to register high demand for advanced supply chain management solutions.
• Strong economic growth combined with modernization of manufacturing and retail sectors in emerging nations in Asia such as China and India will drive demand for smart and mobile chain solutions.

Browse Market Research Press Release of Smart and Mobile Supply Chain Solutions Market: 

http://www.transparencymarketresearch.com/pressrelease/smart-mobile-supply-chain-solutions-market.htm

Supply chain solutions employed by developed economies in North America are setting the standards for economies around the world to observe and adopt.

Economic and Industrial Development in Southeast Asia Driving Demand for Recruitment Process Outsourcing Services

Recruiting has become an enormously daunting task, no matter the industry, location or the size of a company. This is true for all levels of positions needed in a company, whether for a vast mix of positions spanning multiple departments, locations, and functionalities in a multi-national company or a dozen experts for a start-up firm. All companies have a dedicated human resources department that is also responsible for undertaking the task of recruiting for vacant positions along with their other core responsibilities. However, it may be difficult for the human resources departments to handle recruitment demands at a moment’s notice and also carry out other important human resource management tasks.

Human resource outsourcing, a subset of business process outsourcing (BPO), is a widely accepted strategic business service that reduces a company’s operating costs and improves competitiveness. The constant shortage of qualified workers across the globe is driving the overall demand for HRO market. One sub-sector of the HRO market in particular, the recruitment process outsourcing (RPO), is quickly emerging on the forefront of the global market. Analysts state that the global RPO market is worth more than US$1.7 billion.

Browse Market Research Report of Southeast Asia Recruitment Process Outsourcing Market: 

http://www.transparencymarketresearch.com/south-east-asia-rpo-market.html

Global RPO Market - A Million Dollar Industry

Transparency Market Research estimates that the RPO market in Southeast Asia, a region that is highly favorable for human resource market owing to the robust economic growth and rising industrialization, will have a net value of US$154.7 million by 2020, rising at a CAGR of 19.3% during the period 2014-2020. The flourishing IT, IT enabled services (ITeS), and telecom sectors of Southeast Asia are the biggest contributors to the excellent growth trajectory exhibited by this region’s RPO market. In 2013, these three market sectors collectively accounted for 48% of the total revenue generated by the market.

The RPO market is not only profiting from these three markets; demand for RPO services across banking, finance, manufacturing, pharmaceuticals, healthcare, marine, construction, hospitality, and aerospace industries is also rising significantly.

Why is the demand for RPO rising?

Earlier, outsourcing recruitment processes was considered a way to offload certain activities of human resource departments that were either non-core, or involved substantial overhead costs, and were time-consuming. These days, however, RPO activities are being rapidly adopted by companies as a more efficient talent management model than just a cost and time-saving agenda.

A dedicated RPO provider can optimize the traditional best practices in recruitment by many ways, such as: 

• Collecting, analyzing, and refining a vast set of data that companies do not usually consider, or do not have the suitable tools to assess, giving the recruitment process undertaken by a dedicated RPO provider an edge over internal recruitments of companies.

• Using automated tools for talent management, allowing the integration of real-time data, statistics, workforce planning information, and many other data points to better meet the needs of the constantly changing business scenario.

• Offering the client a dedicated market analysis, evaluating its overall competitiveness in the broader marketplace, the strength of its brand relative to other employers, and compensation scales. This enables companies to develop strategies for retaining and attracting better quality talent.

• Filtering the workforce of a company according to specific qualifications, experience set, etc., to analyze current as well as future hiring needs. 

Browse Market Research Press Release of Southeast Asia Recruitment Process Outsourcing Market: http://www.transparencymarketresearch.com/pressrelease/south-east-asia-rpo-market.htm

In short, working with a quality RPO provider allows companies to transcend traditional recruitment practices by replacing them with integrated, well-defined, and technologically enhanced processes that are capable of driving superior quality, mitigating inefficiencies, and optimizing the overall costs related to not only the process of recruitment, but also of talent management.

Global PDU Market: Innovations by Players to Propel Growth at 9.3% CAGR during 2015-2021

The global power distribution unit (PDU) market is propelled by the rising amount of data generated across the globe. Massive amount of data generated has triggered the need for data centers, which in turn, are heavily dependent on PDUs for distribution of power to the network components of the server rack. PDUs track power usage by each component of the rack and helps in the reduction of overall power consumption across the data centers. Increasing number of service providers in the global PDU market is expected to propel the market at a CAGR of 9.3% during the period between 2015 and 2021. The overall market was worth 1.07 billion in 2014 and is expected to be valued at US$1.94 billion by 2021. 

Recent Advanced PDUs Offered by Service Providers in Global PDU Market

Rapid adoption of server virtualization, coupled with increased acceptance of cloud computing across various industry verticals has led the key players in the global PDU market to invest in developing a comprehensive line of power distribution units to distribute generator, UPS, or utility AC power to multiple devices, servers, and telecom equipment in the most demanding environments. In North America, the largest market for PDUs, industry players have witnessed a slow but gradual adoption of 400 volts alternating current three-phased, transformation-based PDUs. To keep up with the intensive competition in the market, the service providers are offering various innovations in PDUs.

Browse Market Research Report of Power Distribution Unit (PDU) Market: 

http://www.transparencymarketresearch.com/power-distribution-unit-market.html

ePDUs: Eaton Corporation has recently announced the latest generation of ePDUs. The new G3 ePDU monitors the energy consumption by specific outlets, allows as many as 4 ePDUs to share the same network connection, and offers an integrated outlet locking mechanism. For organizations, the latest ePDU addresses two important points – reduction of networking costs and increased energy efficiency.

R-Series PDUs: Geist Global has introduced its R-series PDUs, the next generation platform that will allow cloud service providers and enterprises to enjoy complete automation and integration. The reports and alerts provided by the R-series PDUs offer to maintain safe power usage thresholds and management of power outlets at the port level in-band and out-of-band.

PDU-Ethernet Switch 1U Combo: Keeping in view the issue of lesser storage space in small and mid-size businesses, Tripp Lite has developed PDU-Ethernet Switch 1U Combo that integrates around 12 AC outlets and 24 Gigabit Ethernet ports in a single 1U device. 

New Partnerships among Key Players to Change Landscape of Global PDU Market

While some of the key players are working on developing new models of PDUs, others are joining hands with their bigger counterparts. A recent example is of data center vendor Raritan Inc. that has announced to sell the hardware division of its business to French infrastructure giant Legrand. Raritan will focus on building its software-based data center infrastructure management business which will be renamed as Sunbird Software. According to the reports, till the acquisition by Legrand gets over, the PDU unit of the company will be under the name of Raritan.

Browse Market Research Press Release of Power Distribution Unit (PDU) Market: 

http://www.transparencymarketresearch.com/pressrelease/power-distribution-unit-market.htm

All such innovations, partnerships and acquisitions are expected to rapidly change the landscape of the global PDU market.

Peptide Therapeutics to Hold Strong Market Potential for Drug Makers owing to Rising Prevalence of Cancer and Diabetes

Peptides can be widely defined as short chains of two or more than two amino acids, generally less than 100 amino acids. In terms of size, they range between proteins and small molecules. Coupled with proteins, the peptides help in regulating a majority of the human body functions. 

Peptides have low toxicity and high specificity, owing to which they have emerged as valuable therapeutics in antibody production and diagnostics and for advancing biological processes.

On July 16, 2015, Protagonist Therapeutics, Inc., which develops orally stable and novel peptide therapeutics to cure gastrointestinal disorders and diseases, raised $40 million for advancing oral peptide drugs for clinical development. Each of the company's current investors, including Lilly Ventures, Johnson & Johnson Innovation, S.A, Starfish Ventures, and Pharmstandard International also participated in the financing. 

Browse Market Research Report of Peptide Therapeutics Market: 

http://www.transparencymarketresearch.com/peptide-therapeutics-market.html

There are a variety of peptide therapeutics drugs in the peptide therapeutics market, namely copaxone, angiomax, forteo, velcade, sandostatin, zoladex, and victoza. Additionally, there are a large number of factors fuelling the demand for these peptides, which are elaborated as follows:

Rise in Patient Population Having Cancer and Diabetes

Peptides are utilized in numerous drugs given to patients having cancer, metabolic, and cardiovascular disorders. For instance, a patient with diabetes is treated by using peptide drugs, namely GLP 1 agonists and recombinant insulin. The high occurrence of such diseases around the world leads to the increased medication consumption, thereby raising the sale of numerous peptides utilized for treatment.

Development of Technology in Favor of Peptide Synthesis

Numerous methods are available for peptide synthesis, among which enzymatic and chemical synthesis are the most significant methods. Modern peptide synthesis methods have raised the bioavailability, efficacy, and safety of peptides, decreased their adverse effects, and have helped advance novel formulations. This trend is predicted to be consistent and will further propel the market.

Unmet Medical Requirement

The unmet medical requirements in patients having cardiovascular diseases, cancer, and metabolic disorders are huge. Hence, the market is witnessing increased demand for drugs for the effective treatment of these diseases. Drugs with increased efficacy and safety could be utilized for the treatment of various diseases, namely cancer and diabetes.

On 17th July, 2015, the FDA presented the immunotherapy DPX-Survivac with an orphan drug designation. DPX-Survivac is a vaccine that is based on lipid depots and contains survivin HLA class I peptides to treat women having ovarian cancer. An early-phase research displayed a strong immune response with this therapy combined with cyclophosphamide. 

Hence, there is an immense market potential for drug makers to develop and innovate new peptide-based therapies, which will stimulate the global market for peptide therapeutics in the forthcoming future.

Browse Market Research Press Release of Peptide Therapeutics Market: 

http://www.transparencymarketresearch.com/pressrelease/peptide-therapeutics-market.htm

Rise in Healthcare Spending

There has been a rise in worldwide healthcare spending, particularly in emerging countries. India, Japan, and China are the prime countries stimulating the market for peptide therapeutics in Asia Pacific. Hence, the rise in healthcare spending would further propel the global peptide therapeutics market. 

AstraZeneca plc, Amgen, Inc., Eli Lilly & Co., Merck & Co., Ipsen S.A., Novartis AG, Roche Holdings AG, Novo Nordisk A/S, Sanofi, Teva Pharmaceutical Industries Limited, and Takeda Pharmaceutical Company Limited are the major players in the global peptide therapeutics market.

Increasing Concerns about Device Failure Driving the Global Market for Medical Device Coatings

The global market for medical devices is on a significantly growing due to the rising geriatric population of the globe, increasing access to healthcare facilities, rising awareness about benefits of medical devices, and rising awareness about health issues across the globe. Currently, the global market for medical devices is valued at more than US$300 billion, nearly 40% of which is held by the U.S. medical devices industry.

A variety of medical devices such as equipment, instruments, apparatus, or implants are used to treat, diagnose, or prevent a medical condition. These medical devices are used during general surgery, orthopedic, cardiovascular, neurological, orthodontic, gynecological, and other fields of treatments. Several medical devices, which are common to the field of medicine have also witnessed widespread adoption among the masses. 

Browse Market Research Report of Medical Device Coatings: 

http://www.transparencymarketresearch.com/medical-device-coatings-market.html

However, factors such as high cost of treatments, risks associated with failure of medical devices and the complications following device failures are factors that limit expansion of the market. 

There are many reasons why medical devices fail to function properly. Some of these are:

• Defective surgical procedures that may occur due to improper sterilization of devices.
• Thrombosis, caused due to stress induced upon blood when it is flowing near the medical device.
• Infections in places near the medical device due to a number of surface characteristics of the chemical composition of various elements of the device.
• Chances of corrosion in metal and metal alloy implants used primarily for orthodontic and cardiac applications. 

Therefore, employing methodologies that increase the life and reduce possibilities of a medical device causing infections to the host is highly significant. Use of protective coatings for medical devices is one such effective methodology that not only increases the life of a medical device, but also protects it against a vast number of response issues.

The Global Market for Medical Device Coatings: Market Dynamics

A report by Transparency Market Research analyzing the global market for medical device coatings states that the market had a net worth of US$6.63 billion in 2013. The market is expected to grow at a 7.4% CAGR between 2014 and 2019 and rise to US$10.93 billion by 2020.

The market is witnessing immense growth especially in developed economies of North America and Europe and has good growth prospects in the developing economies of Asia Pacific. High penetration of the medical devices market and advanced healthcare infrastructure in Europe and North America are the chief driving forces for the global medical device coatings market.

In 2013, North America alone held more than 45% of the global medical device coatings market. A number of product and technological innovations seen lately in this market are expected to allow the market to retain its dominance in the global medical device coatings market in the near future. In Asia Pacific, the rising population of geriatrics, increased healthcare awareness, and rising incomes are increasing the demand for a variety of medical devices, consequently driving the medical device coatings market.

Browse Market Research Press Release of Medical Device Coatings Market: 

http://www.transparencymarketresearch.com/pressrelease/medical-device-coatings-market.htm

The market features a variety of coatings, including drug-eluting coatings, anti-microbial coatings, hydrophilic coatings, and anti-thrombogenic coatings. Of these, the segment of anti-microbial coatings led the market with nearly 40% share in 2013.

By the year 2020, the market for medical device coatings is expected to witness a range of development activities and come up with a whole new range of durable and biocompatible options of coatings to be used for devices in cardiac, orthopedic, orthodontic and numerous other medical applications.

Global Ethylene Market to Gain Momentum from Enhanced Industrial Applications

The increasing industrial application of ethylene is a key factor driving its demand from around the world. Hence, an increasing number of petrochemical companies worldwide are engaged in the production of ethylene and its derivatives to benefit from their accelerating demand in the global market. Citing the lucrative prospects that the ethylene market has in the global perspective, leading petrochemical companies periodically increase their production capacities. According to reports, the demand for ethylene across various end-use industries is expected to increase significantly. This endorses the positive growth prospects of the global ethylene market.  

The global ethylene market, valued at US$156.0 billion in 2013, is anticipated to reach an estimated valuation of US$234.2 billion by 2020. The market is thus poised to exhibit a CAGR of 6.0% between 2014 and 2020. 

What is Ethylene and What are its Core Uses?

Ethylene is a colorless inflammable gas that has a sweet taste and a distinct odor. It is used for a wide range of industrial applications. The most popular uses of ethylene are enumerated below:

Polyethylene derived from ethylene is used in the manufacture of plastics:-

Polyethylene is extensively used for the production of plastic packaging, toys, and pipes. Plastics obtained from polyethylene are used in objects of all dimensions, with the simplest or the most complex shapes. The escalating consumption of polyethylene in the manufacture of a diverse range of plastic products correspondingly increases the demand for ethylene. The polyethylene segment of the global ethylene market accounted for 50% of the total market in 2013, due to its accelerating demand across the plastic industry. 

Browse Market Research Report of Global Ethylene Market: 

http://www.transparencymarketresearch.com/ethylene-market.html

Ethylene oxide is used in the manufacture of plastic bottles:-

Ethylene oxide is another derivative of ethylene that has managed to capture a substantial share in the global ethylene market. The prospective market growth of ethylene oxide will be largely due to the increasing demand for its derivative, ethylene glycol, which is used to manufacture plastic items, especially bottles. Ethylene oxide is expected to be the fastest growing application segment of the global ethylene market. 

Ethylene has extensive use in the packaging industry:-

Ethylene has a multitude of applications across end-use segments such as the packaging, automotive, agrochemical, construction, textile, and others (including soaps and detergents) industries. Of these, the packaging industry registered the most demand for ethylene in 2013, accounting for a market share of above 30%.

Increasing usage of ethylene in the manufacture of diverse products across this industry is expected to help the segment exhibit the fastest growth of all application segments in the near future. The packaging industry uses various types of polyethylene, such as PVC, linear low density polyethylene (LLDPE), low density polyethylene (LDPE), and high density polyethylene (HDPE) for producing a myriad of packaging items such as containers, pipes, films, and drums. Increasing demand for such products around the world is expected to fuel the demand for ethylene from the packaging segment. 

Browse Market Research Press Release of Global Ethylene Market: 

http://www.transparencymarketresearch.com/pressrelease/ethylene-market.htm

Demand for ethylene is also rapidly increasing across industries such as construction and automotive. This will drive the global ethylene market exponentially over the next few years. Volatility in crude oil prices will, however, create a few obstacles and restrain the market’s growth trajectory. However, mass production of ethylene through the catalytic oxydehydrogenation process is anticipated to create future growth opportunities for the market.

Global Oil Spill Management Market to be driven by Surging Demand for Energy

Greater drilling activities coupled with surging energy demands from the industrial sector are the two key factors driving the global oil spill management market. This leads to high demand for pressure control equipment. Blowout Preventers are the most extensively used pressure control equipment across several regions. Also, another prominent factor that adds to the overall demand for oil spill management techniques is strict government regulations and standards that impose substantial penalties for spillage of oil by oil companies. 

Developing at a 2.8% CAGR from 2014 to 2020, the global market for oil spill management is expected to reach a market value worth US$114441.1 million in 2020 from US$94218.1 million in 2013. It has also been recorded that the total expenditure incurred on post-oil spill management services between 2000 and 2013 was US$12886.5 million. Mechanical containment, which involves the use of barriers, skimmers, and booms, is the most extensively applied method in managing oil spills.

What are some of the Challenges in the Global Oil Spill Management Market?

One of the primary causes of concern that continues to hinder the performance of this market is leaks in gas and oil pipelines. This is in fact, a huge challenge for most pipeline operators in the oil spill management market, who have to bear the costs of dealing with such conditions. 

Restoration costs, clean-up costs, and lawsuits are the three main types of costs that the pipeline operators have to frequently deal with. This is a growing problem in the face of rising demand for pipelines, which has proven to be the best logistical solution for transportation of oil and gas to areas that have limited access to fossil fuels. 

Browse Market Research Report of Oil Spill Management Market: 

http://www.transparencymarketresearch.com/oil-spill-management.html

Interdependence between Growth of the Shipbuilding Industry and the Oil Spill Management Market

Some of the main regional markets for oil spill management are Europe, Asia Pacific, North America, and Rest of the World. Between 2000 and 2013, North America was a regional leader in the global post-oil spill management market. Much of the expenditure incurred in this region was due to the Deepwater Horizon oil spill that took place in 2010. 

It is anticipated that Asia Pacific will be a prominent leader in the pre-oil spill management market in the forecasting horizon. Over the past couple of years, countries such as Japan, China, and South Korea have been receiving several orders for manufacturing double-hulled ships, owing to the presence of a huge shipping industry. 

Availability of skilled workforce and an abundant supply of steel coupled with government funding via the Export Credit Agency are the key factors that have led to the robust growth and expansion of the Asia Pacific shipbuilding industry. Prevailing industry trends also indicate that the Philippines, Malaysia, Vietnam, Indonesia, and Thailand are countries with rapidly growing shipbuilding and shipbuilding repair industries. 

Browse Market Research Press Release of Oil Spill Management Market: 

http://www.transparencymarketresearch.com/pressrelease/oil-spill-management.htm

Pipeline leak detection systems, installation of blowout preventers, and double hulling of ships are a few of the main pre-oil spill management technologies. The high share of the double hulling segment can be attributed to the steep costs of double hulling of ships.

Global Meningcoccal Vaccines Market: Rising Demand for Halal Vaccines to Propel Market

Meningococcal diseases are highly infectious and tend to spread wherever large groups of people gather together. Outbreaks of meningococcal meningitis, caused by various strains of bacterium Neisseria meningitides, have been extensively reported during Hajj pilgrimage to Saudi Arabia. Outbreaks of the disease also occur after pilgrims return to their own countries. To prevent such outbreaks of the deadly disease that causes septicemia, meningitis, or both, the governments have made it mandatory for the pilgrims to take meningococcal vaccines before arriving at the holy place. However, earlier, due to religious obligations, the pilgrims could not take the vaccines containing materials of porcine or bovine origin. Introduction of halal meningococcal vaccines has addressed this issue.

Browse Market Research Report of Meningcoccal Vaccines Market: 

http://www.transparencymarketresearch.com/meningococcal-vaccines-market.html

Menveo – The Halal Meningcoccal Vaccine 

Millions of pilgrims from about 160 countries across the globe gather in Mecca for the annual pilgrimage. Among the five strains of bacterium- Neisseria meningitides –A, B, C, W135, and Y, epidemics of meningococcal diseases that spreads during Hajj pilgrimage have been linked to strain A and W135. Since 2002, vaccination against strains A, C, W, and Y has been a compulsory requirement for entry into Saudi Arabia for the pilgrims. Menveo, the halal meningococcal vaccine, has been approved by the governments of many Muslim countries. 

Menveo vaccine offers active immunization against invasive meningococcal disease (except strain B) and is approved by the U.S. Food and Drug Administration for use in persons aged between 2 months and 55 years. The vaccine is administered through intramuscular injection only. It is a conjugate vaccine effective for infants as well as other age groups, and ensures prolonged duration of protection. 

Religious Organizations and Governments Approve Halal Meningococcal Vaccines Much to the Relief of Pilgrims

Earlier, the meningococcal vaccine Mencevex, manufactured by GlaxoSmithKline were found to contain traces of pig products which led many pilgrims to cancel their pilgrimage as such vaccines could not be administered owing to religious obligations. Mencevex vaccine contains porcine ingredients at manufacturing stage but the final product could be made porcine-free with the help of advanced technologies. On the other hand, Menveo, the meningococcal vaccine manufactured by Swiss pharmaceutical giant Novartis, has been termed halal by various religious groups as well as by the governments.

• The government of Saudi Arabia has already approved Menveo as a halal vaccine for its people.
• The Indonesian Ulema Council has certified the meningococcal vaccines produced by Novartis and Chinese company Tian Yuana as halal. The Indonesian health ministry had distributed Mencevex for long to the Hajj pilgrims till the usage of porcine enzymes was cited in the vaccines which led the health ministry to halt the distribution of purchased Mencevex vaccines worth US$3.0 million.
• The European Commission has granted marketing authorization for Menveo products in all member states.
• The Islamic Services of America has also approved Menveo as halal vaccine.

Browse Market Research Press Release of Meningcoccal Vaccines Market: 

http://www.transparencymarketresearch.com/pressrelease/meningococcal-vaccines-market.htm

Pharmaceutical Firms to Introduce Other Alternatives to Halal Meningcoccal Vaccine

The rising demand for halal meningococcal vaccines has emerged as a huge opportunity for the pharmaceutical companies to enter into the Middle East market as well as the Sub-Saharan Africa belt, which is prone to meningococcal diseases. The global meningococcal vaccines market is expected to witness fierce competition in the near future, with several other pharmaceutical giants coming up with alternatives to the widely used Menveo halal vaccines.

Wireless Wave is Vital Turning Point in Global Docking Station Market

A docking station is a single device that helps connect electronic gadgets to various peripheral devices. This makes docking stations high on the utility quotient, and the wider acceptance of the BYOD culture has given the global docking stations market a lift. Consumers today want to extract the maximum value from their electronic gadgets and gizmos, creating a lucrative space that can be filled in by docking stations. An increased emphasis on mobility has been yet another key aspect contributing to the growth of the global docking stations market. 

The docking station market is on course to steady growth, with market analysts pegging its compounded annual growth rate (CAGR) at 5.3% between 2014 and 2020, by which year, docking stations are expected to constitute a US$ 6.02 Bn market. 

Why the Docking Station Market Has Shifted From Serving Music Lovers to Tech Enthusiasts

Until a few years ago, the majority of the consumers in the docking station market were music enthusiasts who purchased these devices to hook their MP3 players while listening music on the go. That was then. The sheer convenience offered by docking stations has gradually made them an electronic device that fulfils the needs of not just music lovers, but anyone who uses electronics such as laptops, tablets, smartphones and music players. The need to extend the functionality of electronic gadgets has been the greatest factor driving this change. For example, a laptop placed in a docking station can be connected to a mouse, a monitor as well as a speaker all at once. For people who want to experience the best of portability as well as the convenience of a desktop device, this arrangement has been a boon.

These changes in consumer preferences have greatly fuelled the global docking station market’s growth. 

Browse Market Research Report of Docking Station Market: 

http://www.transparencymarketresearch.com/docking-station-market.html

How Market Players Are Responding with Technological Improvements 

Sales of consumer electronics have skyrocketed in the last decade and this has caused a spike in the average electronic device ownership numbers worldwide. To meet the ever-increasing need for mobility, tech majors released wireless versions of docking stations. A case in point would Dell, who launched the Dell Wireless Dock D5000, which carries the capability to connect a keyboard, two separate monitors, a mouse, hard drives, numerous USB devices, as well as gigabit Ethernet. 

In fact, with the launch of the wireless docking station, the docking station market turned a corner. It is only a matter of time before docking stations with wires become obsolete. This change is also a signal for companies in the docking station market to tweak product design and offer options that are in line with the technological improvements in the consumer electronics industry.

The other emerging trend is a burgeoning interest in smartphone PCs – regular smartphones that can be placed into a docking station to function like a desktop computer. 

Increasing Use of Docking Stations Is Being Seen in Automobiles

Converting their portable devices into personal computers has never been easier for consumers. Now, in-vehicle docking stations are poised to take this convenience to a whole new level. The growth of the automotive industry has spurred innovation in the in-vehicle docking station market. There are ample examples that testify this: Air Dock’s wireless charger, HTC’s car dock, Samsung’s official car docks for its Galaxy series, and more. 

Browse Market Research Press Release of Docking Station Market: 

http://www.transparencymarketresearch.com/pressrelease/docking-station-market.htm

High-end automobile companies have made in-vehicle docking stations a standard feature – Audi, for example, provides in-car docking stations that double up as wireless chargers. Name brands such as Jeep, Toyota and Daimler also feature docking stations.