Search results for: 'Penetration Rate'

The well-established global motive lead acid battery market is expected to witness a CAGR of 4.2% between 2017 and 2024. Material handling equipment is the key application using lead acid batteries, globally. Increase in eCommerce models is driving the need for warehouse. These warehouses need electric forklift for indoor operation that boosts the ...

The waste management and circular economy market of the United States and Canada is in full growth. With new recycling targets that must be reached before 2030 and current recycling values close to 30%, countries and stakeholders should focus on improving waste segregation at source, source separation, materials recovery facility optimization, and ...

Industrial Internet of Things (IIoT) can be leveraged to transform the production aspect and future potential of the automotive manufacturing business. Though evolving technologies play a key role in fostering the automotive business, it is crucial that automotive manufacturers stay connected in order to amalgamate different technologies like machi...

The North American mobile communications market is defined by high-speed broadband services, continued penetration of advanced mobile devices that encourage developments in the cellular machine-to-machine (M2M) and Internet of Things (IoT) markets, and the resurgence of unlimited mobile plans. This tracker presents the metrics for Tier 1 mobile ope...

The North American mobile communications market is defined by high-speed broadband services, continued penetration of advanced mobile devices that encourage developments in the cellular machine-to-machine (M2M) and Internet of Things (IoT) markets, and the resurgence of unlimited mobile plans. This tracker presents the metrics for Tier I mobile ope...

The global penetration rate for smart metering is forecast to increase from just over 40% at the start of 2022 to 65% by 2030. This growth will lead to an increased demand for meter data management (MDM) software. First-generation meters largely focus on basic functions such as billing and time-of-use pricing. With the growth of decentralized energ...

The non-destructive testing (NDT) inspection services market rebounded in 2017 after two years of negative growth. It is expected to transform over the next five years with the advent of new technologies, changing customer requirements regarding connectivity and analytics features, and novel business models. The market was worth $8.79 billion in 20...

Process industries such as oil & gas, chemical, and power generation are undergoing digital transformation to gain the competitive edge. With a focus on digital transformation, there is an equal emphasis on improving reliability and efficiency of assets on site. In addition, a surge in unplanned maintenance of applications and process systems is la...

Increasing use of blockchain technology will go together with growing advances in the construction and mining industry, especially through digitisation and automation. Key trends such as digital transformation, the rise in automation, modern equipment systems, and proliferation of financial technology (fintech) are influencing equipment models and ...