Storage Area Network Equipment Market is Projected to Witness Strong Growth by 2025

The global Storage Area Network Equipment Market is expected to witness robust growth over the coming decade. Rising need to minimize the complexities of organizational storage systems and increasing adoption of virtualization technology by many companies are key factors contributing toward market growth. Furthermore, growing adoption of fiber channel over Ethernet is boosting demand for storage area network (SAN) equipment.

The market has been witnessing increased application of SAN devices in the cloud computing domain. The various facilities of SAN switch and adapter devices are forcing cloud service providers to accept these devices to provide better and more reliable services to end users. With these switches and devices, organizations can control storage virtualization, improve utilization of storage resources, and simplify storage management.

Low upgradation cost of storage area network is another driver boosting the industry. A large amount of data is being created on a daily basis, which leads to need for additional data center infrastructure for management of said data. This upgrading of infrastructure includes incremental costs for storage subsystems, flash, servers, solid state drivers, and network-attached storage. SAN technology helps in minimizing these costs as the storage management in this system is independent of additional hardware storage and is based on low-cost software.

Key components for SAN equipment include host bus adapters (HBA), switches, and cabling. HBA is an integrated circuit device that provides I/O processing and physical connectivity between a server and storage device. Wiring is used to connect the HBA’s port to the corresponding switch. Cabling can be optical fiber cabling or copper wiring. Optical fiber cabling offers several benefits such as high performance, reliability, scalability, speed, and ability to work efficiently in long-distance connections.

Leading end-use sectors include manufacturing, energy and utility, public sector, transportation, banking and financial services, and telecommunication.

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Regionally, the global storage area network equipment market encompasses Europe, North America, Asia Pacific, Middle East and Africa, and Latin America. North America and Europe are prominent markets due to rising efforts toward reduction of operating expenses and simplification of IT management. Moreover, establishment of large businesses implementing SAN equipment is anticipated to increase demand in these regions.

Asia Pacific has been identified as a highly lucrative market. In emerging countries such as Japan, India, and China, rising per capita income, growing population base, and increasing data traffic are having a positive impact on market growth.

Leading service providers in the market include Cisco Systems Inc.; Emulex Corp.; Brocade Communication Systems Inc.; and QLogic Corp. Other prominent vendors include ATTO, Arista, Intel, Mellanox, Neterion, Myricom, BLADE, Chelsio, LSI, and Voltaire.

Most players are focusing on introduction of advanced solutions to improve their offerings and strengthening their position in the market. Other competitive strategies adopted by major players to increase their market share include partnerships, agreements, collaborations, and acquisitions. In March 2016, Emulex Corp. and Brocade Communication Systems Inc. launched a new product called LPe32002 FC Host Bus Adapter. This Gen 6 (16/32 Gb) fiber channel is designed to address the demanding reliability, performance, and management requirements of modern networked storage systems.

QLogic Corp recently launched the QLE2690 Series of enhanced Gen 5 FC adapters and the QLE2700 Series of Gen 6 FC adapters. These new adapters are designed for data centers that require elevation in fiber channel performance, reliability, power efficiency, and investment protection to cater to rising demands of private and virtualized cloud environments.

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Low Cost Car Market is Expected to Grow at a Healthy CAGR by 2025

The global Low Cost Car Market size was estimated to be over 80 million units in 2015. Increasing purchasing power parity along with mobility needs are expected to drive market at a healthy CAGR. High demand from first-time vehicle buyers is supposed to further boost the growth over the forecast period.

After global recession of 2008, major companies in automotive industry found it difficult to balance between future market demand and financial crisis. However, inexpensive vehicles proved to be an answer to tackle this crisis. Rising automotive demand from middle class customer segment also played a crucial role in recovery from the economic crisis.

Cheap car prices range up to USD 9000. Inexpensive cars are designed by keeping low-income group in mind. Lower per unit profit margin can be compensated by bulk sale volumes. Easily available financial assistance is expected to be a key market driver. Increasing income level of middle class in emerging regions is another major driver for low cost car market. Government subsidies providing the required leverage is anticipated to bode well for the budget vehicle segment.

Increasing popularity of online vehicle stores is expected to emerge as an attractive option for car manufacturers and customers as it cuts down cost of appointing new distributors. E-commerce also provides customers with a choice of buying vehicle directly from the distribution center. Cost constraints restrict automotive manufacturers from employing advanced technologies and cars only have simple mechanical assemblies. Budget vehicles are designed in such a way that they can be repaired by local mechanics. This makes them an affordable option for consumers.

Passenger safety is one of the greatest challenges as manufacturers find it hard to use higher security components under specified budget. Emission regulations like EURO III and EURO IV and other such stringent safety and environmental regulations make it difficult to keep production cost to a minimal. Diverging market conditions, digital demands, and shifting competitive landscape are other challenges faced by budget vehicle manufacturers.

Stringent environment regulations require automotive pollution control, which mainly depends upon overall vehicular weight. Use of low weight high strength materials such as composites can be a solution but expensive solution. Hence, cost constraints associated with inexpensive cars makes it challenging for the manufacturers.

Strategic alliances with suppliers are expected to be a key to maintaining profitability in the low cost car market. Budget cars are based on the design to cost concept. This concept provides an array of opportunities for suppliers to participate with significant responsibility. Examples of such opportunities include engine controls and anti-lock braking systems developed by tier-1 suppliers like Bosch. The company has partnered with TATA Motors for developing common rail diesel injection system for a new model of TATA Nano.

Growth of this market largely depends on the quality of end product. Sometimes the entire business model has to be reviewed to achieve the same. Manufacturers are setting up facilities in high demand markets. This gives strategic advantage to the companies familiar with local markets as they have detailed knowledge about pricing trends and key purchasers.

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Based on fuel type, inexpensive cars can be either petrol or diesel. Petrol fueled vehicles were expected to enjoy a greater share owing to price sensitivity of first-time buyers. Petrol engines being cheaper than diesel engines are supposed to be the preferred choice amongst consumers in this segment.

India and Southeast Asia are expected to be the emerging markets for low cost cars. Meanwhile, Chinese and Russian markets are projected to move beyond the cheap vehicle segment due to increase in income levels. Asia Pacific is anticipated to dominate the global market in terms of sales, with China being a key market. India is also anticipated to emerge as a prominent region by the end of the forecast period.

Lower entry level prices are supposed to generate a larger customer base. Pricing policies will be of strategic importance for such price sensitive segments. Major companies operating in low cost vehicle market include TATA Motors, Maruti Suzuki, Hyundai, Renault, Chery, Geely, and Fiat. Most players are primarily focusing on launching new brands specifically for budget cars to create product differentiation.

For instance, Renault acquired Dacia, a Romanian auto maker to introduce a cheap car Logan in Europe and India. General Motors which introduced a mini car Spark, is expected to introduce another budget vehicle in the coming years. Skoda is planning to invest in product development with an aim to expand its presence in India.

Other modern low cost vehicle includes TATA Nano, Geely HQ SRV, Chery A-1, and Maruti Suzuki 800. Large companies are focusing on cooperative agreements to strengthen their position in emerging markets. Efforts put in by various automotive manufacturers to increase market penetration is expected to foster market growth over the forecast period.

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Gallium Nitride Semiconductor Devices Market, 2025

The global Gallium Nitride (GaN) Semiconductor Devices Market size is expected to witness significant growth over the forecast period. Gallium nitride is a robust material that encompasses several chemical properties due to which it is suitable in the manufacturing of various semiconductor devices. The global GaN market has been facing rigid competition from Silicon Carbide (SiC) semiconductor devices sector, over the past few years. However, the popularity of the product is anticipated to grow at a fast pace on account of tremendous rise in its application markets.

Development of new technologies and increasing application scope of the product are the key drivers of this market. GaN-based devices have tremendous applications in hybrid and electric vehicles, while expensive industrial processes are one of the key challenges for this market. Another significant factor driving the GaN semiconductor devices market is the rise in the Radio Frequency (RF) semiconductor devices industry. The RF electronics industry has marginally different needs on characteristics of its components, semiconductor devices, and electronic devices associated with other segments of the global electronics sector.

The global Gallium Nitride semiconductor devices market is interconnected to the communications industry and involves usage of electronic devices to function at a wide range of communication frequencies, from standard frequencies to high ones, depending on the applications. Gallium nitride semiconductor material has great power characteristics, as well as high operating frequency. The product is widely used in the manufacturing of blue light-emitting diodes for Blu-ray disc players and blue laser diodes. The growth of this sector is expected to have a positive impact on the industry over the next seven years.

Among the several product applications, consumer electronics sector accounted for the largest market share over the past few years. This was attributed to wide usage of the product in LED-based display and LED-based lighting. The communication sector was the fastest-growing and second-largest application segment driven by the high product penetration in RF-based applications, including power electronics switching equipment.

Rising product demand from the industrial sector and solar power and wind energy industry is anticipated to fuel the growth of the global Gallium Nitride (GaN) semiconductor devices market over the forecast period. Rising application scope of the product in the aerospace and defense sectors, apart from Electric Vehicles (EVs), is also expected to offer numerous growth opportunities for the market development over the forecast period. These devices are much lighter, smaller, efficient, and tougher than silicon semiconductor devices.

They also work as perfect alternatives for their silicon comparable devices, which have hit the maturity stage. Several additional features offered by GaN-based devices include better stability in some radiation environments and low sensitivity to ionizing radiation. Gallium nitride devices also have a scope in high-end power appliances in the military, defense and aerospace sectors, solar cell arrays, and in satellites, which are expected to fuel Gallium Nitride semiconductor devices market growth over the next few years. The market also has enormous revenue potential in transportation and automotive sector, mainly in the Hybrid Electric Vehicles (HEV) and EV segments of the industry.

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Increasing demand for HB LEDs in numerous application segments including automotive, television, smartphones, general lighting, and signs owing to their lower energy consumption and superior brightness is expected to drive the demand. Rising consumer awareness regarding the benefits of using HB LED such as lower power consumption and superior brightness for residential as well as commercial applications are expected to bolster growth.

Demand for these lighting solutions was highest in consumer electronics including laptops, TV backlight and smartphones to provide superior luminescence even in dark lighting conditions. The segment accounted for 56.3% of the market share in 2016 and is expected to continue its dominant trend over the projected period. Increasing consumption of HB LEDs in 4K TVs coupled with the growing sales of these products is anticipated to drive the market over the next few years.

Automotive is expected to exhibit the fastest growth over the forecast period at a 10.2% CAGR from 2017 to 2024. Although LEDs have penetrated the automotive market, HB LEDs are increasingly used as a safety measure for visibility along with reducing the power consumption. Increasing production of automobiles is expected to propel the sales of these lighting solutions over the next few years.

Keeping these driving factors in mind, companies are ramping up their production capacity as well as seeking out new joint ventures to improve their distribution system. For instance, in March 2017, Samsung signed a MoU with Elec-Tech International (H.K) Co, Ltd. to leverage the latter’s technology and market share in China. On the other hand, ETi is likely to benefit from Samsung’s patent protection and brand strength.

As the demand for high-brightness LEDs has been growing, it has led companies to increase their fabs. The LED manufacturing industry has roughly added 100 new fabs in the last five years increasing the tally to 169 fabs worldwide.

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The global aerosol propellants market expected to grow at a CAGR of around 4% from 2016 to 2024

The global aerosol propellants market size is projected to reach USD 11 billion by 2024. The development of high-quality propellant formulations with enhanced product dispensing capacities can drive this industry during the forecast period (2016-2024). In addition, widespread adoption of various aerosol-based personal care and household products could also positively influence the market. This trend is mainly observed in developing countries, like India, Thailand, etc. Moreover, rising technological developments resulting in the production of superior propellant combinations may stimulate market demand.

Growth of the Aerosol Propellants Market depends greatly on the availability of raw materials, such as crude oil and natural gas. Moreover, cost of the product depends on the prices of crude oil and natural gas. High production of natural gas in Asia-Pacific and North America could boost the demand for aerosol propellants in the years to come. Additionally, greater technological initiatives resulting in the production of high-quality cans that are aesthetically appealing may augment the demand for these cans. This in turn can propel the global market.

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The global Aerosol Propellants Market is categorized as products, applications, and regions. Based on products, the market is divided into Dimethyl Ether (DME) & methyl ethyl ether, hydrocarbons, carbon dioxide & nitrous oxide. Methyl ether & DME can grow at a CAGR of 6% from 2016 to 2025. This attributes to the superior properties exhibited by these components, such as no harm to the ozone layer and low global warming potential. The use of aerosol propellant gases, such as carbon dioxide & nitrous oxide can increase considerably in the near future. This is because these gases cause minimal environmental damage and ensure greater stability.

Applications comprise household, personal care, food, medical, paints, and automotive & industrial. The personal care segment is anticipated to grow at a healthy CAGR of over 3% during the estimated years. This is because of rising popularity of mousses, hair sprays, and deodorants. Demand for beauty products in Central & South America and in Asia-Pacific could fuel product demand in the years to come. In addition, the popularity of hair styling products and shaving foams may propel market growth. One of the key factors driving the global Aerosol Propellants Market is the widespread adoption of personal care products worldwide.

The household segment can expand considerably in the forecast period because of increased usage of floor cleaners and insect sprays. The automotive segment can register a growth rate of 5% during the forecast period.

Geographically, the global Aerosol Propellants Market is segmented into Asia Pacific, North America, Europe, Central & South America, and Rest of the World. Asia-Pacific could witness highest growth on account of rising consumer disposable incomes and rapidly changing lifestyles. Europe is projected to contribute to over 32% of the overall revenues. This owes to the high demand for cans in the personal care & household application segments. Widespread application of the product in automotive paints & cleaners may boost the market in the forecast period.

Prominent companies operating in the global aerosol propellant market are Honeywell International Inc.; Crown Holdings Inc.; Royal Dutch Shell Plc.; E.I. DuPont de Nemours and Company; and Aerosol Gas Ltd. These manufacturers invest considerably in research & development (R&D) of superior propellant formulations. Companies undertake R&D activities in order to increase their market shares in the long run.

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