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Enhanced mining production levels and a recovery in CAPEX for plant, machinery, and equipment drive the demand for mining lubricants and greases in the Australian market. Mining CAPEX peaked in 2012 and rapidly declined, and steady improvement as seen in the recent past is likely to continue. However, price sensitivity among customers will restrain...

Globally, the commercial aviation industry emphasizes sustainability, with aircraft OEMs focusing more on developing energy-efficient aircraft. They also aim to increase electrification on aircraft and make them compatible with sustainable aviation fuel. In the commercial aircraft manufacturing market, the barrier to entry is high due to the sub...

IP networking is the future of broadcast plants. In contrast with traditional SDI cabling, IP offers significant benefits of scale, flexibility, and economy. However, the transition of live broadcast workflows to IP has been slow. Hurdles include cost, uncertainty regarding reliability, lack of trained personnel to install and maintain these networ...

19 Nov 2020  |  Global  |  Market Research

Digital Transformation and the Internet of Things Propel the Global Heating, Ventilation, and Air Conditioning Equipment Market, 2020

Strategies Centered on Solution-based HVAC Offerings and Clean Air for the Built Environment Create New Growth Opportunities

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Frost & Sullivan estimated HVAC equipment market revenue at $102.5 billion in 2019. Revenue is expected to grow at a nominal rate through 2026 to reach $140.6 billion. Demand for HVAC products because of climate change and the need for clean air in buildings is fueling market growth. Environmentally friendly, energy-efficient systems that save mone...

The year 2020 was marked by significant changes in the way European businesses operate and serve customers. The COVID-19 pandemic forced many people to leave their traditional workplaces and move to work-from-home setups to comply with social distancing mandates and limit the spread of the virus. In addition to continuing to adequately serve custom...

The airline digitalization market is a growth market forecast to achieve more than $35 billion in revenue by 2030. It is a highly fragmented market, with the top 15 companies accounting for nearly 26.5% of the market share. This share amount is not expected to change significantly over the forecast period (2021–2030). The markets top companies by e...

Learning management solutions (LMS) serve as an excellent means to deliver multimedia and interactive course content to today?s generation of digitally connected students and workforce. The need for this shift in learning/teaching methodologies is the result of changing expectations from students and their parents regarding educational institutions...

Frost & Sullivan estimates the aging population and accompanying retirements to cause a significant physician shortfall of 55,000 to 150,000 by 2030, creating a gap in the healthcare system. Expanding the role of autonomous robots can mitigate the shortage. The healthcare sector is forecast to expand rapidly with the decentralization of institu...

Investments in oil and gas (O&G) automation declined in 2020 and 2021 as demand dried up because of the COVID-19 pandemic. From 2021 onward, the market began gradually stabilizing and recovering, with high levels of growth starting in 2022. Industry 4.0 is driving the demand for new technology investments and has transformed the O&G value chain...