#U.S Elevator Maintenance Market Size

[trendingreportz]

U.S Elevator Maintenance Market - Forecast(2024 - 2030)

U.S Elevator Maintenance Market Overview

The market for U.S. Elevator Maintenance Market is estimated to surpass $ 6.1 billion in 2026 and is analyzed to grow at a CAGR of 2.9% during forecast period 2021-2026. Moreover, Institutional building applications include hospitals, governmental, federal, municipal, and many other strategic institutions. Institutional buildings have been highly focusing towards replacing the obsolete traditional elevators with advanced technology based elevators systems. Such growing shift towards emerging technology based systems from institutional will contribute towards elevator maintenance market in U.S. Implementation of predictive maintenance for elevator systems in order to improve the regular monitoring standards helps in avoiding the extra costs incase of higher damages in the future. Such factors have been causing its higher adoption across low rise building applications, thus propelling the elevator maintenance market.

U.S. Elevator Maintenance Market Report Coverage

The report: “U.S. Elevator Maintenance Market – Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the U.S. Elevator Maintenance Market. 

By Elevatpr Type – Hydraulic Elevators (Conventional Hydraulic Elevators, Hole-less Hydraulic Elevators, Roped Hydraulic Elevators), Traction Elevators (Geared Traction Elevators, Gear-less Traction Elevators), Machine-Room-Less Elevators.

By Building Size – Low Rise, Mid Rise, High Rise.

By Speed – Below 1.5m/s, 1.6 – 2.5 m/s, 2.6m/s and above.

By Component Type – Controllers, Door Equipment, Cabin Enclosures, Signaling Fixtures, Power Units, Others.

By End User – Residential buildings, Commercial (Malls, Hotels, Offices, Hospitals), Marine & Off-Shore, Industrial (Power Plants, Steel Plants, Cement Plants), Institutional (Education, Government, Transportation Hubs and Others), Others.

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Key Takeaways

Global U.S. Elevator Maintenance Market is dominated by low rise building which is growing at the highest CAGR of 4.0% attributed to the rising technological advancements in order to enhance elevator maintenance standards across the various low rise building sites

Commercial is analyzed to be the dominant vertical with a revenue of $2,141.27 million in 2019 due to the growing construction of malls, hospitals, offices, hotels and others in this region

One of the major factors attributable to the increasing adoption of elevator maintenance services are a rapid rise in industrialization and construction activities. 

The growing concern about accidents in the elevators is expected to affect the market, thereby hindering the market growth during the forecast period 2021 – 2026.

U.S Elevator Maintenance Market Segment Analysis – By Type

U.S. Elevator Maintenance Market by type is dominated by Traction Elevators in 2020 with a revenue of $2.3 billion. Rise of elevator accidents towards mid and high rise buildings in U.S have been creating major demands toward regular monitoring and maintenance of traction elevators in order to ensure high level safety for the building residents. With the increasing growth of high and mid-rise buildings in the country, traction elevators face high dominance in order to ensure efficient transportation systems. Since the traction elevators leverage ropes and sheaves, regular monitoring and maintenance is highly required to avoid critical conditions in the long run, as they are deployed across different industrial environments. With continuous wear and tear, the traction between the sheave and the cables gets reduced and slippage becomes more regular, which ultimately reduces efficiency standards and can become dangerous if left unchecked. Such factors cause high requirements towards scheduled maintenance for improving the productivity of such elevators, thereby boosting the market.

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U.S Elevator Maintenance Market Segment Analysis – By End User 

Commercial vertical is analyzed to be the dominant vertical with a revenue of $2.2 billion in 2020. Growing construction of malls, hospitals, offices, hotels and others in this region leads to increase in demand for elevators that in turn drives the market for elevator maintenance. Moreover, rising advancements have caused various market players to invest towards smart elevator systems due to rising construction of commercial buildings. Usage of advanced features including cloud technologies help the authorities towards proper maintenance of elevators across hospitals, hotels, malls and many others. Such factors have been propelling market demands towards improving elevator maintenance standards. 

U.S Elevator Maintenance Market Segment Analysis – By Building Size 

Global U.S. Elevator Maintenance Market is dominated by low rise building which is growing at the highest CAGR of 4.0% through 2026. Rising technological advancements in order to enhance elevator maintenance standards across the various low rise building sites has been also acting as a major driver towards higher dominance of elevators in the market. Elevator maintenance combined with automatic operations such as door closing and opening without the tapping of buttons, improves the functionality of the machines, thus helping in creating high demand across low rise building operations. Since technology is advancing at a rapid pace, construction of low rise buildings such as hotels, hospitals and many others have been also facing high shift towards improving use of smart technology based elevators. 

U.S Elevator Maintenance Market, By Building Size

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U.S Elevator Maintenance Market Drivers 

Installation of elevators majorly in every field drives the market forward:

Continued expansion in the construction market and improved economic conditions would allow the Elevator Maintenance industry to continue its upward trajectory. Planned improvements in the US real estate market will drive growth primarily as the markets for residential, industrial, commercial and institutional construction expand. These downstream markets collectively account for almost three-quarters of the total market for the industry. Consequently, strong growth across these downstream markets is expected to increase the demand for contractors for installation services, benefiting industrial operators. 

Rapid Growth in Industrialization and high demand for security:

The factors attributable to the increasing adoption of elevator maintenance services are a rapid rise in industrialization and construction activities. As per U.S Census Bureau, the total value of public construction in 2020 amounted to $ 353,300 million in June as compared to $ 355,751 million and $ 351,318 in May and April respectively. Such growth of residential as well as non-residential buildings construction in the country has been causing high adoption towards elevators.

U.S Elevator Maintenance Market Challenges 

Rise in Elevator Causalities:

The growing concern about accidents in the elevators is expected to affect the market. More than 30 people are killed in the U.S., according to the U.S. Bureau of Labor Statics and Consumer Product Safety Board, and about 17,000 are seriously injured in elevator accidents each year. Incidents with the elevator are responsible for about 90% of deaths and 60% of serious injuries. According to the Center for Construction Research and Training, elevators are responsible for an estimated 27 deaths a year in the United States, and around 10,000 injuries. Most of these include maintenance workers who install or fix elevators or work close to an elevator shaft.

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U.S Elevator Maintenance Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the U.S. Elevator Maintenance Market. U.S. Elevator Maintenance Market is expected to be dominated by major companies such as ThyssenKrupp AG, Otis elevator, Pine state, KONE Corporation, Mitsubishi electric, FUJITEC, dover corporation, amtec, Anlev and Armor among others.

Acquisitions/Technology Launches/Partnerships

In December 2019, KONE has announced that it has entered into a collaboration with IBM and Microsoft for the Internet of Things cloud services and for advanced analytic services to predict traffic and respond in real-time intelligently, communicate with service teams and allow passengers to conveniently use the elevators. 

In October 2019, Oracle Elevator announced the opening of its newest location in Denver, Colorado. The addition of this office gives the company a footprint in one of the most dynamic cities in the Western United States. This geographic expansion of Oracle represents its commitment to enter new markets and expand westward. Oracle will leverage its technical knowledge and highly skilled workforce to continue this expansion into additional western areas including Utah, Arizona and Southern California.

[global-research-report]

Navigating the U.S. Aerial Work Platform Market: Opportunities and Challenges

The U.S. aerial work platform market size is expected to reach USD 9.18 billion by 2030, growing at a CAGR of 6.0% from 2023 to 2030, according to a new report by Grand View Research, Inc. Increasing demand from the construction and agriculture industry for aerial work platforms (AWP) owing to their benefits, such as easy access to elevated work sites and the ability to perform efficiently on even and uneven ground, is an important factor expected to drive the growth of the market. Likewise, mining companies are heavily deploying scissor lift at work sites as they provide maximum reach capabilities. Thus, the wide applicability of aerial work platforms at mining locations to access tunnels, shafts, and other hard-to-reach spaces is another factor expected to support the market growth from the mining industry.

The increasing establishment of new warehouses, modern large supermarkets, and distribution centers and their approach towards multi-layer stacking and storage of goods is generating demand for lift machines that are compact and perform high-level lifting operations. Deployment of aerial work platforms in warehouses aids workers in accessing high shelves and stacking pallets safely and quickly. These lift machines help streamline the process of inventory management and picking operations, ultimately increasing operational efficiency. Thus, increasing demand from warehouses and supermarkets for mast and gantry self-propelled aerial work platforms is expected to drive the growth of the U.S. aerial work platform industry.

Additionally, aerial work platforms provide workers from the telecommunication industry safe and easy access to elevated infrastructure, allowing them to efficiently inspect and conduct routine maintenance. Also, these platforms help install new equipment and repair the damaged ones resulting in minimizing downtime and ensuring uninterrupted services. Thus, the high adoption of aerial work platforms from the telecommunication sector for installation, maintenance, and repair of communication lines, power cables, and utility poles is another factor responsible for the growth of the aerial work platform industry in the U.S.

U.S. Aerial Work Platform Market Report Highlights

Based on product, the scissor lifts segment accounted for over 46.0% of the U.S. revenue share in 2022 and is anticipated to register the highest CAGR over the forecast period. The growth of the segment can be credited to the outstanding operational efficiency of scissor lifts, owing to their compact design and capability to perform rapid loading tasks

Based on propulsion type, the electric segment is expected to register the highest CAGR over the forecast period. Electric aerial lifts are in demand due to their zero emissions and impressive capacity. These specially designed lifts are compact, making them ideal for warehouse tasks that require maneuvering through tight aisles and limited spaces

The less than 20 ft segment is expected to grow at a significant CAGR over the forecast period. Compact and versatile lifting solutions are increasingly in demand in industries such as construction, maintenance, and warehousing. These adaptable machines with reduced lifting heights find extensive application and are well-suited for tasks that involve limited vertical reach

Amongst the applications, the construction sector accounted for the largest market share of nearly 57.0% in 2022 and is expected to register the highest CAGR over the forecast period. Construction sites necessitate workers to perform tasks at elevated heights and frequently encounter rugged landscapes

Moreover, the utility sector is projected to grow at a significant CAGR over the forecast period. The increasing need for maintenance, repair, and construction activities in power and telecommunications infrastructure serves as a major catalyst. To meet this demand, there is a pressing requirement for efficient and secure access to elevated work areas

U.S. Aerial Work Platform Market Segmentation

Grand View Research has segmented the U.S. aerial work platform market based on product, propulsion type, lifting height, and application.

U.S. Aerial Work Platform Product Outlook (Volume, Units; Revenue, USD Million, 2018 - 2030)

Boom Lifts

Scissor Lifts

Vertical Lifts

U.S. Aerial Work Platform Propulsion Type Outlook (Revenue, USD Million, 2018 - 2030)

ICE

Electric

U.S. Aerial Work Platform Lifting Height Outlook (Revenue, USD Million, 2018 - 2030)

Less than 20 Ft

21-50 Ft

More than 51 Ft

Order a free sample PDF of the U.S. Aerial Work Platform Market Intelligence Study, published by Grand View Research.

[globetrottergurus]

How Much Does a Vacation Really Cost? Insider Tips to Save Big!

Vacations are often sold as carefree escapes, a chance to rejuvenate, indulge, and explore. But let’s be honest: the price tag attached to these blissful getaways can turn dreams into dread. With airfare surging, hotel prices climbing, and even a simple meal at the beachside café costing a small fortune, it's natural to wonder—how much does a vacation really cost?

The answer isn’t as straightforward as it seems. The cost of a vacation depends on your destination, travel style, and priorities, but hidden expenses can sneak in if you’re not careful. The good news? With insider tips and smart planning, you can sidestep the pitfalls, stretch your dollars, and still enjoy the adventure you’ve been dreaming about.

Breaking Down Vacation Costs

To understand the true cost of a vacation, let’s break it into its main components:

1. Transportation

Getting there is often one of the biggest expenses. Airfare dominates for long-haul trips, while road trips might require gas, tolls, and vehicle maintenance.

Average Costs:

Domestic flights: $250–$500 round trip

International flights: $700–$1,500 or more, depending on the destination

Gas for road trips: $3.50–$5 per gallon in most parts of the U.S.

Insider Tips to Save:

Book flights midweek, often 6–8 weeks before your trip, for the best deals.

Use flight comparison tools like Google Flights or Skyscanner to track fare trends.

Consider budget airlines, but check for hidden fees like baggage costs.

2. Accommodations

Where you sleep can range from basic hostels to luxurious resorts. The choice often depends on your comfort preferences and budget.

Average Costs:

Budget accommodations (hostels, motels): $20–$80 per night

Mid-range hotels: $100–$250 per night

Luxury hotels or resorts: $300–$1,000+ per night

Airbnbs: $75–$200 per night, depending on the location and size

Insider Tips to Save:

Stay just outside tourist hotspots—proximity often inflates prices.

Check for free cancellation policies and rebook if prices drop.

Join loyalty programs or use credit card points to snag discounts or free stays.

3. Food and Drink

Food expenses are easy to underestimate. From breakfast at the hotel to a fancy dinner overlooking the sunset, those meals add up fast.

Average Costs:

Budget meals: $5–$15 per person

Mid-range dining: $20–$50 per person

Fine dining: $75–$200+ per person

Insider Tips to Save:

Book accommodations with free breakfast to save on one meal daily.

Visit local markets and cook your own meals if possible.

Enjoy street food for authentic and affordable eats.

4. Activities and Entertainment

Tours, museum tickets, excursions, and entertainment can elevate your trip but also inflate your budget.

Average Costs:

Guided tours: $30–$150 per person

Entrance fees to attractions: $10–$50 per person

Adventure activities (ziplining, snorkeling, etc.): $50–$300 per person

Insider Tips to Save:

Look for city passes that bundle multiple attractions at a discounted rate.

Research free or low-cost activities like hiking, public festivals, or free museum days.

Book excursions in advance to avoid last-minute price hikes.

5. Miscellaneous and Hidden Costs

It’s the little things that can derail your budget. Airport parking, tipping, souvenirs, and even foreign transaction fees can sneak up on you.

Insider Tips to Save:

Use a credit card with no foreign transaction fees for international trips.

Set a souvenir budget and stick to it.

Research tipping customs beforehand to avoid overpaying or under-tipping.

The True Cost of a Vacation

So, how much does a vacation really cost? Here’s a rough breakdown for a week-long trip for one person:ExpenseBudget TripMid-Range TripLuxury TripTransportation$100–$300$400–$800$1,000+Accommodations$150–$400$700–$1,500$2,000+Food and Drink$50–$150$250–$500$1,000+Activities and Entertainment$50–$200$300–$600$1,000+Miscellaneous$20–$50$100–$200$500+Total$370–$1,100$1,750–$3,600$5,500+

Multiply these numbers by the size of your party, and you’ll quickly see how the costs add up!

Insider Strategies to Save Big

Travel Off-Peak

Avoid traveling during holidays or peak seasons. Flights and hotels are significantly cheaper in the shoulder or off-season.

Use Apps and Tools

Apps like Hopper, Kayak, and AirDNA help you find deals on flights and accommodations. Cashback programs like Rakuten or Honey can shave a few extra dollars off your expenses.

Bundle and Save

Package deals for flights, hotels, and car rentals often come with discounts. Websites like Expedia or Costco Travel can save you hundreds.

Be Flexible

If your schedule allows, be flexible with your travel dates and destinations. Shifting your trip by even a day or two can mean substantial savings.

Set a Budget and Stick to It

The best way to avoid vacation sticker shock? Decide how much you’re willing to spend and track your expenses daily. Apps like Trail Wallet or Mint can help you stay on target.

Vacation Smarter, Not Harder

A dream vacation doesn’t have to be a financial nightmare. By planning ahead, knowing where to cut costs, and embracing flexibility, you can enjoy an unforgettable trip without breaking the bank.

So pack your bags, set your budget, and let the adventure begin—because the best things in life aren’t free, but they don’t have to cost a fortune either.

[custombuildershouston]

Factors That Affect Home Construction Costs in Houston

Over the past decade, Houston has welcomed over 1.1 million new residents, solidifying its position as the fourth largest city in the U.S. The city's appeal lies in its abundant job opportunities with numerous companies and a comparatively affordable cost of living. (Source: https://www.biggerpockets.com/blog/houston-real-estate-market)

Here, are you considering building your dream home? If yes with a smile is your answer, you are not alone. Many individuals are excited about starting the journey of constructing their ideal residence in this lively Texan city. However, before you begin, it's crucial to grasp the numerous factors that can impact construction costs. From materials and labor to location and design preferences, there are several aspects to consider when determining the cost to build a house in Houston. Let's delve into these factors to assist you in effectively planning and budgeting for your home construction project.

1. Location - The Key Factor

The site where you plan to build your future home greatly influences construction expenses. Elements such as land values, utility accessibility, and local building codes can affect the overall cost. In Houston, where property values fluctuate based on the area, selecting the appropriate location for your home can have a significant impact on your construction budget.

2. Size and Layout

The size and design of your home significantly influence construction expenses. Larger residences with greater square footage typically demand increased materials and labor, resulting in elevated overall costs. Likewise, intricate or tailored layouts can contribute to expenses due to the need for extra structural components and specialized construction methods.

3. Materials Selection

It is common that the quality and durability of materials can impact long-term maintenance costs, so it's crucial to consider the initial investment versus potential savings in the future.

The top construction contractor in the area can assist in minimizing material costs by utilizing their industry contacts to procure high-quality materials at competitive rates, negotiating discounts for bulk purchases, and suggesting cost-effective alternatives without sacrificing quality.

4. Legal Elements

Securing the required permits and approvals for your home construction endeavor may result in extra costs. Houston municipalities often impose charges for building permits, inspections, and other regulatory mandates, which can fluctuate based on your project's scale and extent. It's crucial to include these fees in your overall construction budget to prevent unforeseen expenses down the line.

Additionally, when the country’s economy experiences growth and there's high demand for construction services, prices for materials and labor may rise, resulting in higher overall costs.

Make it Simple With the Right Support

Building a house in Houston can be an exciting and rewarding experience, but it's important to understand the various factors that can influence construction costs. By carefully considering factors and getting the right support from the best construction company in Houston, you can effectively plan and budget for your new home project.

Whether you're dreaming of a modest starter home or a luxurious custom estate, Choose Marwood Construction. They can help you ensure that your dream home becomes a reality without breaking the bank.

[metiresearch]

Meticulous Research®-a leading global market research company, published a research report titled, 'Smart Water Management Market by Offering (Hardware, Software, Services), Application (Water Management, Leak Detection, Water Quality & Quantity Monitoring, Others), End User (Residential, Commercial, Industrial), & Geography - Global Forecast to 2030.'

According to this latest publication from Meticulous Research®, the smart water management market is projected to reach $69.60 billion by 2030, at a CAGR of 14.7% from 2023 to 2030. The expansion of this market is propelled by the increasing imperative to minimize water loss attributed to non-revenue water, the compelling necessity for the replacement of current water infrastructure, and the rising investments in technology for smart water management. Moreover, the escalating government efforts to integrate smart water management and the expanding initiatives for smart cities are anticipated to present substantial growth prospects for stakeholders in the smart water management market.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5198

However, the incorporation of water systems with contemporary smart water solutions could impede the market's expansion. Additionally, the market faces challenges such as elevated initial and maintenance expenses, along with inadequate infrastructure to sustain smart metering, which is likely to hinder the growth of the smart water management market. Meanwhile, a noteworthy trend in the market is the increasing embrace of smart water meters.

Scope of the Report: Smart Water Management Market Assessment, by Offering • Hardware o Meters  AMR Meters  AMI Meters  Water Flow Meters o Smart Water Sensors o Water Controllers o Smart Pumps and Drives o Smart Valves o Other Hardware • Software o Cloud-based Deployments o On-premise Deployments • Services o Consulting Services o Integration and Deployment Services o Support and Maintenance Services

Smart Water Management Market Assessment, by Application • Water Quality and Quantity Monitoring • Water Management • Asset Management • Leak Detection • Analytics and Data Management • Rain and Stormwater Management • Other Applications

Browse Here: https://www.meticulousresearch.com/product/smart-water-management-market-5198

Smart Water Management Market Assessment, by End User • Residential • Commercial • Industrial o Manufacturing o Agriculture o Utilities o Energy o Mining o Oil & Gas o Food & Beverage o Automotive o Pulp & Paper o Chemical o Textile o Construction

Smart Water Management Market Assessment, by Country/Region • North America o U.S. o Canada • Asia-Pacific o China o Japan o India o South Korea o Rest of Asia-Pacific • Europe o Germany o U.K. o Italy o France o Spain o Rest of Europe • Latin America • Middle East & Africa

Quick Buy: https://www.meticulousresearch.com/Checkout/46116016

Key Players: Some of the key players operating in the global smart water management market are IBM Corporation (U.S.), ABB Ltd. (Switzerland), Honeywell International Inc. (U.S.), Schneider Electric SE (France), Cisco Systems, Inc. (U.S.), Sensus (U.S.), Mueller Water Products, Inc. (U.S.), Trimble Inc. (U.S.), Arad Group (Israel), Oracle Corporation (U.S.), Badger Meter, Inc. (U.S.), Landis+Gyr Group AG (Switzerland), Kamstrup A/S (Denmark), SUEZ SA (France), HydroPoint (U.S.), Siemens AG (Germany), Itron, Inc. (U.S.), Endress+Hauser AG (Switzerland) and Neptune Technology Group Inc. (U.S.).

Key questions answered in the report: • Which are the high-growth market segments in terms of offering, application, and end user? • What is the historical market size for smart water management solutions across the globe? • What are the market forecasts and estimates for 2023-2030? • What are the major drivers, restraints, opportunities, and challenges in the global smart water management market? • Who are the major players in the global smart water management market, and what are their market shares? • How is the competitive landscape? • What are the recent developments in the global smart water management market? • What are the different strategies adopted by the major players in the market? • What are the geographic trends and high-growth countries?

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5198

Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

[lmdmax]

Mastering Last Mile Deliveries with LMDmax: Transforming Logistics with Comprehensive Solution

Deciphering the Last Mile Puzzle

As global e-commerce continues its meteoric rise, with sales predicted to reach a staggering $6.5 trillion by 2023(1), the pressure is on logistics to keep up. As the global demand for rapid and precise delivery surges, understanding the intricacies of last-mile logistics becomes paramount. While traditional logistics may have predictable patterns and established routines, last-mile delivery introduces a dynamic and complex environment that demands innovative solutions and nimble strategies.

LMDmax Solutions: Navigating The Complex Landscape of Logistics

In an age where 80% of online shoppers consider same-day delivery an influential purchasing factor(2), LMDmax emerges as the game-changer. Here’s what they bring to the table:

Effortless Driver Recruitment During Peaks: Leveraging data-driven strategies, LMDmax ensures a seamless recruitment cycle, especially during peak seasons, which account for up to 30% of annual retail sales(3).

Punctual and Compliant Payrolls: Avoiding payroll errors can save companies an average of 1.2% of their total payroll(4). LMDmax offers an impeccable, time-efficient solution that ensures businesses are on the right side of this statistic.

Maximize Driver Performance with the Fantastic Plus Scorecard: With the global fleet management market size expected to exceed $35 billion by 2025(5), monitoring driver productivity and compliance becomes vital. LMDmax’s app is designed for this precise challenge.

End-to-End Fleet Management: Effective fleet management can lead to a 15% reduction in operational costs(6). LMDmax’s suite ensures you capitalize on these potential savings.

Revolutionized Unemployment Claim Management: With unemployment claims costing businesses billions annually(7), LMDmax’s solution seeks to transform this landscape, ensuring maximum profitability.

Efficient Preventive Maintenance: Unplanned downtime costs industries an estimated $50 billion annually(8). LMDmax’s preventive maintenance service ensures businesses aren’t part of this statistic.

LMDmax: Your Trusted Partner in Last Mile Logistics

Online returns, which constituted about 30% of all online purchases in recent years(9), highlight the intricacies and challenges of reverse logistics. LMDmax stands out not just as a solution but as a strategic partner. With a comprehensive suite of services, they ensure businesses are equipped to tackle the multifaceted domain of logistics.

In today’s data-driven e-commerce landscape, the right logistical partner can make all the difference. Choose LMDmax and navigate the future with confidence.

Ready to Transform Your Logistics Strategy? Don’t let the challenges of the last mile hold you back. Elevate your operations and achieve unparalleled efficiency with LMDmax. Let us redefine the future of logistics together. 👉 Connect with LMDmax Today!

Footnotes

Statista, “E-commerce Worldwide — Statistics & Facts”

McKinsey & Company, “The need for speed: How to satisfy the impatient customer”

National Retail Federation, “Holiday and Seasonal Trends”

American Payroll Association, “The High Cost of Payroll Errors”

Grand View Research, “Fleet Management Market Size, Share & Trends Analysis”

Geotab, “Benefits of Fleet Management”

U.S. Department of Labor, “Unemployment Insurance Data”

Aberdeen Group, “The Rising Cost of Downtime”

eMarketer, “E-commerce Returns Rate and Reasons for 2022”

[priyanshisingh]

United States Aerial Equipment Market Size, A Forecasted Outlook for 2023-2030

The latest market report published by Credence Research, Inc. “United States Aerial Equipment Market: Growth, Future Prospects, and Competitive Analysis, 2022 – 2030. The United States demand for aerial equipment market was valued at USD 1584.9 million in 2022 and is expected to reach USD 3275.78 million in 2030, growing at a CAGR of 9.5% between 2023 and 2030.

United States aerial equipment market, an integral segment of the construction and maintenance industry, showcases a vibrant interplay of demand and supply, driven predominantly by the growth in infrastructure projects, urbanization, and the focus on worker safety. This market includes a plethora of equipment ranging from boom lifts, often termed cherry pickers, used for reaching high altitudes, to scissor lifts designed for vertical elevation, and telehandlers, known for their versatility in lifting both people and materials. Key market behemoths such as JLG Industries, Genie (a part of Terex), Skyjack, and the Haulotte Group dominate the landscape, continually innovating to introduce technological advancements like electric and hybrid lifts. However, the market also grapples with challenges.

The high initial investment required for aerial equipment often deters small businesses, making them turn towards the burgeoning rental market. While this rental trend addresses the capital expenditure concern, it also underscores the emphasis businesses place on flexibility in operations. Furthermore, the market sees a promising future in the realm of sustainability with the advent of eco-friendly equipment, and the integration of AI and IoT, ushering in an era of increased efficiency and predictive maintenance. Yet, this technological advancement brings its own set of challenges, particularly the shortage of skilled labor adept at operating sophisticated machinery. The market's dynamism is also evident in the evolving trends, with telematics systems gaining popularity for efficient fleet management and the rising demand for compact equipment suitable for urban settings. In essence, the U.S. aerial equipment market, with its opportunities and challenges, is a testament to the nation's drive towards infrastructural growth and technological advancement.

United States Aerial Equipment Market Dynamics -

1. Drivers

Construction Industry Growth: A strong construction industry, with infrastructure projects, real estate development, and urbanization, significantly propels the demand for aerial equipment.

Technological Advancements: Technological advancements in aerial equipment, such as electric and hybrid lifts, have been driving market growth by offering better efficiency and lower operational costs.

Safety Regulations: As safety standards and regulations become stringent, many companies opt for aerial equipment to ensure worker safety during high-elevation tasks.

Rental Market Proliferation: The rising trend of renting over purchasing aerial equipment due to the high capital expenditure has been boosting the demand, especially among small to medium-sized businesses.

2. Restraints

High Initial Costs: High capital costs for aerial equipment can be prohibitive, especially for small businesses.

Maintenance Costs: Regular maintenance and the associated costs can deter companies from investing in their aerial equipment.

Economic Downturns: Economic slowdowns or recessions can hamper construction and related industries, thereby negatively affecting the demand for aerial equipment.

3. Opportunities

Green and Sustainable Equipment: As industries move toward sustainability, there's a growing demand for electric, hybrid, and eco-friendly aerial equipment.

Innovation and Integration of Advanced Technologies: The integration of AI, IoT, and other technologies into aerial equipment offers increased efficiency, predictive maintenance, and improved safety features.

Training and Services: There's a growing opportunity in providing training for operating aerial equipment, given the importance of safety and skill requirements.

4. Challenges

Skilled Labor Shortage: There's a need for skilled operators to handle sophisticated equipment, and the industry often faces challenges in finding and retaining trained personnel.

Fluctuating Raw Material Prices: Variations in the prices of steel and other raw materials can affect the manufacturing costs and, consequently, the pricing of aerial equipment.

5. Trends

Rise of Telematics: Telematics systems in aerial equipment help in fleet management, monitoring equipment health, and ensuring efficient utilization.

Compact Equipment: There's an increasing demand for compact aerial equipment that can be used in tight spaces, especially in urban areas.

Increased Automation: Automation features like self-driving and self-positioning are becoming more common in newer models, providing ease of use and improved safety.

Browse 245 pages report United States Aerial Equipment Market By Aerial Work Platforms (Boom Lifts, Scissor Lifts, Vertical Lifts, Telescopic Lifts) By Cranes (Mobile Cranes, Tower Cranes, Crawler Cranes, Overhead Cranes) - Growth, Future Prospects & Competitive Analysis, 2016 – 2030) https://www.credenceresearch.com/report/united-states-aerial-equipment-market

The United States aerial equipment market is vast and varied, offering a range of products and services to meet the diverse needs of various sectors.

Here are the key offerings in this market:

Products:

Boom Lifts: These can be telescopic (straight) or articulating (jointed) and are used for reaching high places.

Scissor Lifts: Primarily for vertical elevation tasks, they're widely used in both indoor and outdoor settings.

Vertical Personnel Lifts: Smaller than scissor lifts, these are mainly for indoor tasks or for jobs requiring minimal elevation.

Telehandlers: Known for their versatility, they can lift both materials and personnel.

Aerial Work Platforms: Used for short height tasks, these platforms are smaller and more mobile.

Services:

Rentals: For those who do not wish to purchase equipment, renting is a popular option, especially among small to medium-sized businesses.

Maintenance and Repairs: Given the wear and tear, many companies offer maintenance and repair services to ensure the longevity and safety of the equipment.

Training: With the complexity of some machines and safety regulations, training services for operators are crucial.

Financing: Many companies provide financing options for businesses to purchase equipment.

Technology and Innovation:

Telematics Systems: For fleet management, equipment health monitoring, and efficient utilization.

Hybrid and Electric Machines: Environmentally friendly and cost-effective options.

Automation Features: Enhancements like self-driving and self-positioning in newer models.

Safety Solutions:

Safety Gear: Essential safety equipment for operators, such as harnesses and helmets.

Safety Systems on Machines: Features like anti-collision systems, automatic braking, and tilt alarms.

Certification Services: Ensuring equipment meets safety standards and regulations.

Consultation and Custom Solutions:

Project Consultation: Advising businesses on the right type of aerial equipment for specific projects.

Custom-built Equipment: For unique tasks or specialized industries, some companies might offer customization options.

Why to Buy This Report-

The report provides a qualitative as well as quantitative analysis of the United States Aerial Equipment Market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, the base year- 2021, and the projection period 2022-2028.

The report includes information on the competitive landscape, such as how the market's top competitors operate at the global, regional, and country levels.

Major nations in each region with their import/export statistics

The United States Aerial Equipment Market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major player analysis, market growth strategies, and key application areas.

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Satellite Based Augmentation System Market Analysis 2030

The global satellite-based augmentation system market size was valued at USD 1.28 billion in 2022. The market is projected to grow from USD 1.54 billion in 2023 to USD 2.13 billion by 2030, exhibiting a CAGR of 4.74% over the forecast timeframe. Leading companies in the global market are focusing on developing new products and adopting advanced technologies to improve system integrity. The increasing use of several ground stations and multiple satellites to get more reliable and accurate positioning information will further elevate market progression. This information is provided by Fortune Business Insights, in its report titled, “Satellite Based Augmentation System Market, 2023-2030.”

List of Key Players Mentioned in the Report:

Thales Group (France)

Raytheon Technologies Corporation (U.S.)

Airbus S.E (Netherlands)

Lockheed Martin Corporation (U.S.)

Northrop Grumman (U.S)

Leidos Holdings, Inc. (U.S.)

Honeywell International Inc. (U.S.)

L3Harris Technologies Inc. (U.S.)

Universal Avionics Systems Corporation (U.S.)

Grintex India Limited (India)

Browse Detailed Summary of Research Report:

COVID-19 Impacts:

Increasing Application of SBAS to Improve GPS Accuracy to Drive Market Expansion Amid the Pandemic

The spread of COVID-19 significantly impacted several industries across the world as travel restrictions were imposed and manufacturing facilities were closed. This affected the global market to some extent; however, remote monitoring and maintenance of stations minimized the overall impact on market expansion. Contrastingly, the market showcased positive trends as SBAS technology was used to fight the challenges faced amid the pandemic. SBAS technology played a crucial role in improving GPS accuracy for contact tracing of essential goods and medical supplies. It also improved navigation precision for emergency medical responders and other personnel. These applications attributed to the global market growth.

Segments:

BDSBAS Segment to Lead Owing to Increasing Investments by Chinese Private Companies

As per platform, the market is divided into WAAS, EGNOS, BDSBAS and others. Among these, the BDSBAS segment dominated the market in 2022 and is likely to grow substantially due to rising investment activities by Chinese companies and the government. Chinese startups, such as Geespace and Weilai Daohang, are focused on manufacturing GNSS-enhancing satellite constellations to meet rising consumer demand.

Development of New SBAS Payloads to Drive Segment Growth

According to solution, the market is arrayed into SBAS payload, reference stations, uplink station, and others. Among these, the SBAS payload segment held a major market share in 2022 and is projected to register the highest CAGR over the forecast timeframe. The development of SBAS payloads such as southpan, EGNOS, BDSBAS, GAGAN, and others is attributing to the market growth.

Road & Rail Segment to Capture Largest Share Backed by Development of Modern Rail Infrastructure

Based on application, the market is segmented into aviation, maritime, road & rail, and others. Among these, the road & rail segment held the largest satellite-based augmentation system market share in 2022 owing to the development of modern rail infrastructure using satellite communication and increasing system application in various sectors such as signaling and rail signaling.

Geographically, the market is segregated into North America, Europe, Asia Pacific, and the rest of the world.

Report Coverage:

The report provides in-depth information regarding drivers and opportunities aiding market growth. It also discusses the challenges and threats faced by industry leaders and suggests measures that can be taken to overcome them. Key players are listed along with strategic decisions undertaken by them such as partnerships, mergers, and acquisitions. The impact of COVID-19 on the global market growth and valuation is also analyzed.

Drivers and Restraints:

Growing Demand for Increased Reliability and Accuracy During Aviation Operations to Drive Market Growth

The aviation industry is heavily reliant on GPS technology for flight planning, air traffic control, and navigation. Any disturbances or technical issues with GPS can have a severe impact on the global market. The satellite-based augmentation system helps in mitigating interference in GPS signals by providing correction information and additional navigation data to GPS receivers. This enhances the reliability and accuracy of GPS in areas with signal blockages or interferences. It also protects against spoofing, provides cyber security, and ensures continuity of service. These advantages will elevate the satellite-based augmentation system market growth.

On the other hand, supply chain disturbances, lack of skilled labor, and shortage of raw materials will hamper market augmentation.

Regional Insights:

North America to Dominate Backed by Rising R&D Spending for WAAS System Development

North America dominated the global market in 2021 owing to increasing R&D spending for WAAS system development. Additionally, in September 2022, Federal Aviation Administration (FAA) awarded a contract to Raytheon intelligence to provide Dual Frequency Operation (DFO) upgrade to the FAA's Wide-Area Augmentation System, or WAAS, for 10 years.

The Europe market is projected to grow substantially over the forecast period due to increasing geostationary satellite launches during the study period, which will contribute to the demand for SBAS EGNOS, thus aiding market proliferation.

Competitive Landscape:

Lucrative Agreements and Contracts Between Governments and Leading Players to Propel Market Proliferation

 Satellite based augmentation system players make many efforts to increase their market share, profits, and valuation. Government support and funds are the key contributors to their growth as well. For instance, in February 2021, GSA awarded a USD 121 million contract to Eutelsat Communications to develop and operate the agency’s next-generation EGNOS satellite navigation overlay service. The European Geostationary Navigation Overlay Service (EGNOS) is primarily used to enhance the accuracy and performance of the U.S. GPS signals. These signals can then be used for safety critical applications for maritime, aviation, and land-based customers such as road and railway management agencies.

Key Industry Development:

December 2022: Airbus S.E, a Netherlands-based aerospace company, has passed the System Critical Design Review (CDR) for the satellite based enhanced system EGNOS V3 (European Geostationary Navigation Overlay Service), which is developed to add critical safety features to the most safety-critical applications, including aircraft navigation and landing and to provide sea and land users with entirely new services. EGNOS V3 is the 2nd generation of the overlay system and improves the performance of GPS and Galileo.

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Elevator & Escalator market Will Hit Big Revenues In Future | Biggest Opportunity Of 2023

The Latest Released market study on Global Elevator & Escalator market provides information and useful stats on market structure, size and trends. The report is intended to provide cutting-edge market intelligence and strategic insights to help decision makers take sound investment decisions and identify potential gaps and growth opportunities. Besides, the report also identifies and analyses changing dynamics, emerging trends along with essential drivers, challenges, opportunities and restraints in Elevator & Escalator market. What’s keeping KONE Corporation (Finland)

United Technologies (United States)

Schindler (Switzerland)

Mitsubishi Electric Corporation (Japan)

ThyssenKrupp AG (Germany)

FUJITEC (Japan)

Hitachi Ltd. (Japan)

Hyundai Elevator Co., Ltd. (South Korea)

Toshiba Corporation (Japan)

Electra Ltd. (Israel)

 Keep Growing in the Market? Benchmark yourself with the strategic moves and latest Market Share and Sizing of Global Elevator & Escalator market recently published by AMA An elevator is a type of vertical transport equipment which is powered by an electric motor. Escalator is basically a moving staircase which carries people between floors of a building. Old age people mostly preferred elevator and escalator. Demand for elevators and escalators has increased due to an increase in old population. For instance, According to an article published by the U.S. Census Bureau, the aging population held more than 8.5% share of the total population worldwide during the year 2015. In addition, it is anticipated to increase its share to 12.0% by 2030. Therefore, the rising number of aging population across the world and rapid urbanization are likely to be a major driver for the global elevators and escalators market over the forecast period.

The Elevator & Escalator Market segments and Market Data Break Down by Type (Elevators (Passenger, Freight, Single, and Double Deck Elevators), Escalator, Moving walkways), Technology (Elevator technology (Traction with a Room, Machine Room-Less Traction, Hydraulic)), Service (New installation, Maintenance & repair, Modernization), End-use Industry (Residential, Commercial, Institutional, Infrastructure, Others (Industrial and Marine Industry))

On the geographical front, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa. What’s Trending in Market : Technology Advancement in Elevators and Escalators

Market Challenges: Issue related to Compliance with Standards and Regulations

Market Opportunities: Development of Innovative Technologies as well as Rising Demand for Smart Elevators

Growing Demand from Emerging Market such as China, India, Brazil, among others

Highlights of Influencing Drivers: Growth in the Construction and Infra Sectors and Changing Demographic Trends

Increase Building Along With Upcoming New Hotels & Shopping Malls

Presented By

AMA Research & Media LLP

[abhigmi]

Elevator Market to Observe Rugged Expansion at a Top CAGR by 2032

Global Elevator Market is anticipated to witness considerable gains through 2032 on account of the flourishing construction sector in the Middle East. Moreover, strategic frameworks such as Saudi Vision 2030 have accelerated construction activities in the region, paving the way for industry growth. In fact, the growing youth population in the region has also bolstered the demand for the construction of commercial spaces such as high-rise offices, education institutions, and others, thus, propelling product demand over the next ten years.

Overall, the elevator industry is segmented in terms of product, end-use, installation, and region.

Based on product, the elevator market size from the hydraulic & pneumatic segment is expected to record a valuation of more than USD 18.8 billion by 2032. These elevators require little space, are cost-effective, and can be operated easily, making them suitable for residential applications. Specifically, hydraulic elevators have a low modernization cost and are easier to maintain, which complements their deployment in residential spaces. Additionally, the growing government investments focused on expanding the residential construction sector will contribute to segment expansion.

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With respect to end-use, the elevator industry from the commercial segment is anticipated to grow at a considerable CAGR from 2023 to 2032 on account of accelerating urbanization. Especially in emerging economies such as China and India, rapid urban migration has resulted in the fast-paced development of commercial spaces, thus, augmenting product demand. As per IBEF, office absorption in the top 7 cities of the country totaled 27.20 million sq. ft. in the first half of 2022.

In terms of installation, the elevator market share from the new installation segment is slated to record a valuation of more than USD 48 billion by 2032. Rapid urbanization in developing economies such as China, India, Brazil, and others has led to the proliferation of the construction sector, stimulating the demand for elevators. Especially in India, the growing number of high-rise buildings has fostered a remarkable demand for the product.

Moreover, recent advancements in elevator technology are also presenting new pathways for segment growth. In fact, recently, OTIS, a leading elevator manufacturer, launched Gen3™ digitally native elevators in India.

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On the regional front, the North America elevator market is poised to observe notable gains through 2032, on account of the growing construction industry. In fact, the U.S. construction market is the largest in the world, with total expenditures of over USD 1,231 billion. Furthermore, the presence of industry leaders such as Otis Elevator Company, and others who are engaged in new product innovations are also paving the way for regional expansion.

Table of Contents (ToC) of the report:

Chapter 2   Executive Summary

2.1    Elevator industry 3600 synopsis, 2018 - 2032

2.2    Business trends

2.3    Product trends

2.4    End-user trends

2.5    Installation trends

2.6    Regional trends

Chapter 3   Elevator Industry Insights

3.1    Introduction

3.2    Industry landscape, 2018 - 2032

3.3    Industry ecosystem analysis

3.4    Innovation & sustainability

3.5    Industry impact forces

3.5.1    Growth drivers

3.5.1.1    Developments in the Asia Pacific building & construction industry

3.5.1.2    Elevator maintenance and service market growth in Europe and North America

3.5.1.3    Booming construction activities in the Middle East

3.5.2    Industry pitfalls & challenges

3.5.2.1    High installation and maintenance cost

3.6    Regulatory landscape

3.7    Growth potential analysis

3.8    Porter's analysis

3.9    Cost structure analysis

3.10    PESTEL analysis

3.11    COVID-19 impact on elevator demand

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[qrtumb]

Global Wind Turbine Nacelle Market Trends, Size, and Forecast 2022-2027

The Global Wind Turbine Nacelle Market was valued at US$6600 million in 2021 and it is expected to reach at US$15,620 million in 2027 at a CAGR of 11.56% during forecast period 2022-2027.

The drive train and other tower-top components of a wind turbine are contained inside the wind turbine's nacelle. A yaw bearing supports it, allowing it to rotate in response to changes in the wind's direction. The nacelle needs to be approachable for maintenance and repairs. Typically, access is gained by a tower elevator and ladders.

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Market Drivers

As one of the energy sources with the greatest rate of worldwide expansion, wind energy offers a number of advantages. Because the majority of the best wind sites are located in rural areas, this has a huge economic impact there. Because wind farms only occupy a small fraction of the land, farmers and ranchers can continue to make a living from the property. Farmers and ranchers who rent their land to wind power plant owners for the usage of the property see their revenue rise as a result of the rent. The sector is growing more quickly as a result of the endless supply of wind energy. The industry will continue to increase as a result of factors such quick urbanization and growing public knowledge of the benefits of using wind energy.

Market Restraints

The high capital cost of the wind turbine nacelle slows the growth rate of the component. In addition, wind turbines frequently present additional logistical difficulties. The wind turbine nacelle's high initial purchase price in addition to maintenance, installation, and transportation costs. Therefore, the cost constraints will pose yet another major obstacle to the market expansion for wind turbine nacelles.

Market Segmentation

The global wind turbine nacelle market is segmented into deployment, turbine capacity and application. By deployment it segmented into onshore, offshore. By turbine capacity it segmented into less than 1.5 mw, 1.5 to 2mw, 2 to 2.5 mw, greater than 2.5 mw. By application it segmented into residential, utility, industrial, and commercial.

Regional Analysis

The global wind turbine nacelle market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. In terms of market share and revenue, Asia-Pacific dominates the wind turbine nacelle market, and this dominance will flourish during the projection period as a result of the rapid rise in demand for renewable energy sources. The region's market expansion will be aided in the foreseeable future by the size of the customer base.

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Key Players

Various key players are listed in this report such as General Electric (U.S.), Vestas (Denmark), Siemens (Spain), Goldwind (China), Shanghai Electric (China), ABB (Switzerland), Doosan Corporation (South Korea), Hitachi Ltd. (Japan), Nordex SE (Germany), EEW Group (Germany)

Market Taxonomy

By Deployment

• Onshore • Offshore

By Turbine Capacity

• Less Than 1.5 Mw • 1.5 To 2mw • 2 To 2.5 Mw • Greater Than 2.5 Mw

By Application

• Residential • Utility • Industrial • Commercial

Key Question Addressed by the Report

• What are the Key Opportunities in Global Wind Turbine Nacelle Market? • What will be the growth rate from 2022 to 2027? • Which segment/region will have highest growth? • What are the factors that will impact/drive the Market? • What is the role of key players in the value chain?

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Electric Motor Market - Forecast(2024 - 2030)

 Electric Motor Market Overview

Electric Motor Market Size is forecast to reach $169 billion by 2030, at a CAGR of 5.6% during 2024-2030. The increase in global electricity consumption and the use of electrical equipment and machines in different industries and the renewables sector are major factors driving the growth in the electric motor market during the forecast period. An increase in awareness of green vehicles among customers has been a key factor leading the market. Besides this, a rising number of government incentives to encourage sales of green vehicles for safeguarding the environment from carbon emissions is analysed to drive the market. The growing interest in sustainable transportation has driven the demand for electric vehicles. Electric motors play a crucial role in powering EVs, and advancements in motor technology contribute to increased efficiency and range. The industrial sector is witnessing the integration of electric motors with the Internet of Things (IoT) and Industry 4.0 technologies. This integration allows for real-time monitoring, predictive maintenance, and improved efficiency in industrial processes.

Smart motor technologies, incorporating features like connectivity, sensors, and advanced control systems, are becoming more prevalent. These innovations contribute to better performance, remote monitoring, and enhanced automation in various applications. Developments in motor control systems, including advanced algorithms and power electronics, contribute to improved motor performance, reduced energy losses, and enhanced control precision. There is an increasing emphasis on developing more energy-efficient electric motors to meet sustainability goals and reduce energy consumption. Regulations and standards promoting energy efficiency also influence the design and manufacturing of electric motors. Additionally, Electric motors have been observing several advancements in technology over the past few years, owing to which its demand is set to gain higher traction during the forecast period 2024-2030.

Report Coverage

The report: “Electric Motor Market Report– Forecast (2024-2030)”, by IndustryARC covers an in-depth analysis of the following segments of the Electric Motor market

By Product Type: AC Motor (Induction Motor, Synchronous Motor, Servo Motor, Stepper Motor), DC Motor (Brushed DC Motor, Brushless DC Motor, Servo Motor, Series Motor, Stepper motor, Compound Motor).

By Product Category: Permanent Magnet, Non-Permanent Magnet.

By Phase: Single Phase, Three Phase.

By Power Rating: Below 0.5W, 0.5W-1W, 1W to 100W, 100W to 1KW, 1KW to 10KW, 10KW and Above.

By Efficiency: IE1, IE2, IE3, IE4.

By Application: Commercial (Automated Doors, Elevators & Escalators, Blowers, Electric Sweepers, Hand Dryers, Data Center & UPS, Pumps, Power Tools, Water Coolers, Camera PTZ Control, Drones, Others), Consumer Products (Pumps, Hair Dryers, Lawn Mowers, Boilers, Dishwashers, Vacuum Cleaners, washing machine, Blenders & Mixers, Fans & Chimneys, Desktop & Laptops, Smartphones, Refrigerators, Others), Automotive (Body Control motors, EPS Motors, Brake Booster BLDC Motor, Seat Adjustment, Belt Tensioner, Car Window Motor, Door Lock Motors, Wiper Motor, Others), Medical & Healthcare (Diagnostic Equipment (CT Scanners, MRI, Biopsy Systems, Diagnostics Analyzers, Ultrasound Transducers, X-Ray, Others), Medical Centrifuges, Medical Pumps, Blowers and Compressors, Surgical Instruments (Saws, Drills, Surgical Robots, Others), Dental CAD/CAM Milling Machines, Exoskeleton & Prosthetics, Microscopes, Wheelchairs & Scooters, Stair Lifts, Hospital Beds & Exam Tables, Others).

By Geography: North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe(Germany, UK, France, Italy, Spain, Russia, Netherlands, Poland, Czechia, Belgium, Sweden  and Others), APAC(China, Japan India, SK, Aus and Others), and RoW (Middle East and Africa)

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Key Takeaways

• The rising demand for efficient energy usage over concerns of environmental impact of energy generation from conventional sources such as coal and natural gas, is expected to help grow the electric motor market in APAC.

• The DC Motor segment is growing at a significant CAGR of 7.6% in the forecast period 2024-2030. A DC motor consists of a stator and a rotor.

• Medical & Healthcare sector is expected to witness a highest CAGR of 8.5% the forecast period 2024-2030, due to its extensive reliance on electrically powered devices and equipment. Diagnostic imaging equipment, such as MRI and CT scanners, demands high-performance electric motors for precise movements and accurate imaging. 

• Electric Motor companies are strengthening their position through mergers & acquisitions and continuously investing in research and development (R&D) activities to come up with solutions to cater to the changing requirements of customers. 

Electric Motor Market Segment Analysis - By Product Type

The DC Motor segment is expected to grow at a significant CAGR of 7.6% during the forecast period 2024-2030. Owing to the growing penetration of brushless DC motors across various industry verticals substituting brushed dc and even ac induction motors in certain applications such as home appliances. DC motors are used in electric vehicles in the automotive industry for various non-traction applications, contributing to the ongoing shift towards sustainable transportation. As the demand for electric vehicles grows, so does the demand for efficient and dependable DC motors. DC motors are also widely used in industrial automation, powering conveyor systems, robotics, and manufacturing equipment. Owing to the ease of control, they are suitable for accurate and regulated movements in automated processes.

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Electric Motor Market Segment Analysis - By Application

Medical & Healthcare sector is expected to witness a highest growth of CAGR 8.5% during the forecast period 2024-2030, owing to the increase in investments in healthcare and medical sector, along with growing penetration of advanced medical devices & equipment in the sector such as surgical robots, advanced imaging & diagnostic equipment, prosthetics and so on. Medical advances and technical improvements have resulted in the development of a wide range of medical instruments and gear that significantly rely on the precision and efficiency provided by electric motors. High-performance electric motors are required for precise motions and accurate imaging in diagnostic imaging equipment such as MRI and CT scanners. Electric motors provide stability and consistency to patient care and monitoring systems such as infusion pumps and monitoring equipment. Furthermore, the incorporation of electric motors in mobility aids such as electric wheelchairs and patient lifts improves accessibility for people who have mobility issues. Electric motors are used in laboratory equipment, robotic surgical systems, and a variety of medical tools, all of which contribute to the overall efficiency and improvement of healthcare techniques. The demand for electric motors is on the rise as the healthcare industry evolves and adopts more technologically sophisticated solutions, fueling additional innovation in this critical sector.

Electric Motor Market Segment Analysis - By Geography 

Electric Motor market in Asia-Pacific region held significant market share of 38% in 2023. Increasing compliance for energy efficient motors and rising adoption of motor-driven electric vehicles are the key factors driving market growth.  The rising demand for efficient energy usage over concerns of environmental impact of energy generation from conventional sources such as coal and natural gas, is expected to help grow the electric motor market. In addition, advancements in the agriculture sector and enormous investments in industrialization in countries such as China, India, South Korea, and Australia is driving the market growth. Further, the increasing production and sales of electric vehicles in countries including China and Japan is also analyzed to drive the market growth. 

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Electric Motor Market Drivers

Rise in demand for Electric Vehicles

The electric car market has witnessed rapid evolution with the ongoing developments in automotive sector and favorable government policies and support in terms of subsidies and grants, tax rebates. Major manufacturers such as General Motors, Toyota, and BMW plan to release a potential of 400 models and estimated global sales of 25 million by 2025. In 2022, Ford Motor has committed to increase its investments in electric vehicles to $50 billion by 2026, up from a previous spend of $30 billion by 2025. Similarly, in 2020, Volkswagen, Chinese ventures has committed to invest $17.5 billion in electric vehicles by 2025. As electric vehicles use various types of electric motors for traction & auxiliary applications, the rising demand for electric vehicles globally is set to assist the market growth for electric motors used in the same.

Growing R&D activities 

Manufacturers are continuously focusing on R&D to develop new and effective electric motors to meet consumer demand. Increasing concerns, such as environmental pollution and regulations, are forcing manufacturers to develop electric motors that reduce vibration and increase efficiency. For instance, a synchronous electric motor is around 80% more efficient than an induction electric motor. Similarly, the development of a new type of steel for electric motors, which reduces the weight of the electric motor and makes it more efficient and powerful. This new type of electric motor will be small in size and cost effective, which will raise demand from residential and commercial applications. Moreover growing developments from various companies is also analysed to drive the market growth. Hence these factors are analysed to drive the market growth in the forecast period 2024-2030.

Electric Motor Market Challenges 

Easy availability of low-quality electric motors

The market for electric motors is highly fragmented, with a significant number of domestic and international manufacturers. Product quality is a primary parameter for differentiation in this market. The organized sector in the market mainly targets industrial buyers and maintains excellent product quality, while the unorganized sector offers low-cost alternatives to tap local markets. Local manufacturers of electric motors in most countries target the unorganized sector and compete strongly with the global suppliers in the respective markets. Leading market players are currently exposed to intense competition from such unorganized players supplying inexpensive and low-quality electric motors. This acts as a key challenge for the growth of the market.

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Market Landscape

Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Electric Motor market. Electric Motor top 10 companies include:

ABB Ltd

Johnson Electric Holdings Limited

Siemens AG

Rockwell Automation

Nidec Corporation

Bosch Electric

Regal Rexnord

Franklin Electric Company Inc.

Teco Electric & Machinery Co. Ltd.

Wolong Electric Group co. ltd.

Acquisitions/Product Launches

• In July 2023, Nidec Corporation announced that it has successfully developed a new electric power steering motor power pack*1 (“EPS-PP”).

• In July 2023, WEG announced new investments for its motor manufacturing plant located in Manaus, Brazil. The Company will invest R$ 48 million, in the next three years, to expand production capacity and adapt the plant to produce a new line of permanent magnet electric motors for split-type air conditioners

• In December 2023, Johnson Electric Launches 48-Volt Cooling Fan Module with High Power and Efficiency. Johnson Electric is pleased to announce the launch of the 48-Volt Cooling Fan Module with power up to 1.5kW to meet the most demanding cooling requirements.  The need to reduce emissions and increase the electrification of the vehicle, requires higher cooling performance and efficiency.

[sudeepkedar]

North American Roofing Material Market to expand lucratively till 2027

North American Roofing Material Market is projected to reach USD 40 billion by 2027. North America roofing materials market forecast may be positively impacted by the increasing number of reroofing activities across several residential projects in the U.S. Various types of roofing materials, such as bituminous, clay & concrete tiles, elastomers, metals, and plastics are widely used to cover the outer surface of roofs of commercial, industrial, and residential establishments.

Industry players are expected to cash in on many benefits of using roofing materials, such as effective temperature control, waterproofing, and elevated appearance, among others, across North America. Besides, increasing disposable incomes, prompt availability of loans, and easy access to affordable products have encouraged end-users to go for renovations and refurbishments, thereby augmenting the sale of roofing materials.

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Use of roofing materials to increase in non-residential spaces

Non-residential applications may hold a share worth $16 billion in North America roofing materials industry by 2027. There is a notable increase in the construction of non-residential buildings, such as colleges, hospitals, offices, and hotels. Moreover, tech giants, including Google, Apple, and Amazon are planning to expand their offices. Several buildings are undergoing refurbishments and remodeling operations, thereby increasing the use of roofing materials.

Demand for bituminous materials to increases

Bituminous materials captured around 75% share of North America roofing materials market in 2020. Asphalt shingles are the most commonly used bituminous materials across the region. The main benefits of using the product include high durability, variety in a range of items, pleasing aesthetics, and high resistance to fire and wind. Also, asphalt shingles are capable of enduring high impact, which makes them a preferred product choice among end-users.

Roofing materials to be used increasingly in new construction projects

Based on type of construction, North America roofing materials market size from new constructions will witness 4.5% CAGR over 2021-2027. The number of new residential and commercial projects is increasing at a strong pace across Canada and the U.S. Roofing materials are readily available across the region at a wide range of prices.

Furthermore, the ability to endure the heavy compressive force and great durability are some of the major factors contributing to the adoption of roofing materials. Many builders are increasingly opting for technologically advanced materials that have high thermal insulation, incur low maintenance costs, help conserve energy, and have a longer lifespan, thereby increasing the production of roofing products.

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U.S. roofing materials market share to gains traction

U.S. roofing materials industry size will register over 4.5% CAGR through 2027. A major reason behind this is the growing number of large-scale construction and reroofing projects in the country. Public and private-sector organizations are increasing their investments in the development of large warehouses and distribution logistics centers. The aim behind building this infrastructure is to improve the overall supply chain management of products and services, which will automatically create demand for high-quality roofing materials.

North America roofing materials industry outlook may continue to remain positive as reputed organizations, including CertainTeed Corporation, Owens Corning, Johns Manville, TAMKO Building Products LLC, and Atlas Roofing Materials Corporation, among a few others are manufacturing roofing materials, such as concrete & clay tiles, bituminous, metals, elastomers, and plastics. These products will be extensively used in residential and non-residential projects. The demand for these materials will be high across both new and reroofing construction projects.

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Parikhit B. Corporate sales, Graphical Research Email: sales@graphicalresearh.com Web: https://www.graphicalresearch.com/

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Satellite Manufacturing and Launch System Market and Business Opportunities in Coming Years by 2027 Size, Share and Demand Worth USD 54.17 Exhibiting at CAGR 12.45% During Period 2020-2027

The global Satellite Manufacturing and Launch System Market size is expected to reach USD 54.17 billion in 2027, exhibiting a CAGR of 12.45% during the forecast period, states Fortune Business Insights, in a report, titled “Satellite Manufacturing and Launch System Market Size, Share & Industry Analysis, By Type (Satellite Manufacturing and Satellite Launch Systems), By Application (Communication Satellite, Military Surveillance, Navigation Satellite, Earth Observation Satellite, and Others), By End-Use (Commercial and Military), and Regional Forecast, 2020-2027.” The market size stood at USD 23.83 billion in 2020.

Information Source :

The Report Lists the key Players in the Satellite Manufacturing and Launch System Market:

Airbus S.A.S (The Netherlands)

Arianespace (France)

Boeing (The U.S.)

GeoOptics (Canada)

ISISPACE GROUP (The Netherlands)

JSC Academician M.F. Reshetnev (Russia)

Lockheed Martin Corporation (The U.S.)

Maxar Technologies (The U.S.)

SpaceX (The U.S.)

ViaSat Inc. (The U.S.)

Market Overview:

Heavy Investments in Space Missions to Bolster Growth

The surging investment by government and space agencies in developing technologically advanced satellite launch vehicles is expected to foster healthy growth of the satellite manufacturing and launch system industry. According to the Department of Defense (DOD), the USD 14.1 billion was requested for National Security Space (NSS) in 2020 compared to the USD 12.3 billion in 2019. Out of the total amount, USD 8.4 billion, USD 2.6 billion, and USD 3.0 billion are allocated for the research, development, test, evaluation (RDT&E), procurement, and operation & maintenance. Furthermore, the increasing collaboration and agreement between space companies and government organizations to develop innovative SLVs will foster the satellite manufacturing and launch system market growth. For instance, SpaceX collaborated with NASA to design and develop reusable satellite launch vehicles to minimize the overall program cost and space debris around the earth's orbit. Similarly, Europe Space Agency (ESA) increased its focus on Ariane 6, an expendable launch system, thus boosting the satellite manufacturing and launch system production.

Suspended Satellite Launches to Inhibit Market during Coronavirus

The lockdown in major countries such as the U.S., France, Germany, China, India, and Japan severely impacted the space industry, suspending all space-related activities. Major companies such as Space X, United Launch Alliance (ULA), Rockets Labs, and Blue Origin have reformed their production structure for launch vehicles and satellites. According to the U.S. Department of Commerce, around 92% of space-based firms with research and development as a primary business capability were small businesses. These firms experienced a major hit from the pandemic. Moreover, prominent companies' implementation of various strategies to sustain recovery can subsequently elevate the satellite manufacturing and launch system market amid pandemic.

The report on the satellite manufacturing and launch system market includes:

Remarkable insights into the market

Meticulous scrutiny of the segments

Latest developments and drivers

Vital information about key players

Dominant regions

Notable Development

Regional Analysis:

Government Support for Reusable Launch Systems to Promote Growth in North America

The satellite manufacturing and launch system market in North America is expected to exhibit a rapid growth rate during the forecast period due to the high investments by the U.S. government and space agencies in manufacturing reusable launch systems. For instance, in September 2019, NASA awarded a contract worth USD 4,600 million to Lockheed Martin Corporation to supply six reusable Orion crew capsules integrated with lightweight 3D printed modules. Asia Pacific is expected to hold the largest share during the forecast period. The growth is attributed to growing satellite launch infrastructure and satellite launch programs from China, India, and Australia. For instance, in November 2020, the Indian Space Research Organization (ISRO) successfully launched 10 satellites consisting of earth observation satellites and payload

Key Development:

October 2020: The Boeing Company was granted a contract worth USD 298 million by the U.S. Space Force for next-generation SATCOM satellites. Under this contract, The Boeing Company is expected to design and develop an intricate military satellite and payload architecture system. 

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Highland village

#Highland village registration

#Highland village software

Seller reserves the right to modify or vary features or components so long as they are constructed in accordance with applicable laws.

#Highland village software

Seller has no business interest in any home energy efficiency evaluation organization or system, software program or rater. Seller does not guarantee any specific level of electric and/or gas energy utility costs or savings. The estimated monthly energy costs, if shown on the label, actual energy costs and/or energy usage are dependent on a number of factors, including utility rates, energy consumption, home maintenance, size of household, energy conservation practices, home orientation, and surrounding climate and weather conditions. Seller does not warrant or guarantee the monthly or annual utility bills for the home. Further an energy rating score may or may not factor in all options and/or upgrades available to be installed in the home. Seller does not represent, warrant, or guarantee all homes sold by Seller have been individually rated. Energy efficient features will vary depending upon the floor plans, elevations, design amenities/upgrades and the location of the home. The HERS Index score for this home, and the estimated energy costs, if shown on the label, are estimates only and are based upon the average energy performance for specified home categories as determined by HERS. Note that newer energy efficiency building codes have been adopted in some states so that newly-constructed homes in those states will usually achieve a HERS Index score lower than 100 and thus be more energy efficient than the HERS-referenced “standard” new home. Using RESNET’S energy efficiency software, the Rater determines a home’s energy rating by analyzing the home’s construction plans and performing onsite inspections the HERS rating provided by Seller is generally not an “as-built” rating. For every one-point decrease in the HERS Index score, there is a corresponding one percent (1%) reduction in energy consumption as compared to a home with a HERS Index of 100. The lower a home’s score, the more energy efficient it is in comparison to the HERS referenced home. The HERS Index home energy rating is determined by an independent RESNET-certified home energy rater (“Rater”). The HERS (“Home Energy Rating System”) Index allows buyers to compare the relative energy efficiency of different homes. The HERS Index® is a registered trademark of the Residential Energy Services Network (“RESNET”), a 501(c)(3) non-profit organization formed in 1995 to develop and maintain national standards for evaluating building energy and resource energy performance. Energy efficiency ratings may be expressed as a HERS (Home Energy Rating System) Index rating. This Home Energy Scale may be displayed on a model home or utilized in other marketing materials for homes within this community, illustrating a projected “HERS” Score Rating and potential utility savings. American West is a trademark of PulteGroup, Inc. is a licensed Nevada real estate broker (lic. Pulte Homes of California is a licensed California real estate broker (License # 02023929). Pulte Home Company, LLC is a licensed North Carolina General Contractor (License # 19311). Centex Real Estate Company, LLC is a licensed North Carolina General Contractor (License # 37977).

#Highland village registration

This material shall not constitute a valid offer in any state where prior registration is required or if void by law. This is not an offering to residents of NY, NJ, CA or CT or where otherwise prohibited by law. For further information, see our terms of use. and its affiliates and are protected by U.S. Floor plans are the property of PulteGroup, Inc. Floor plans, interiors and elevations are artist's conception or model renderings and are not intended to show specific detailing. Actual position of house on lot will be determined by the site plan and plot plan. Community improvements and recreational features and amenities described are based upon current development plans which are subject to change and which are under no obligation to be completed. Square footage and dimensions are estimated and may vary in actual construction. Prices, promotions, incentives, features, options, amenities, floor plans, elevations, designs, materials, and dimensions are subject to change without notice. Community Association and golf fees may be required. Prices may not include lot premiums, upgrades and options.

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Smart Water Management Market Projected to Reach $69.60 Billion by 2030: Flowing Towards the Future

Meticulous Research®-a leading global market research company, published a research report titled, 'Smart Water Management Market by Offering (Hardware, Software, Services), Application (Water Management, Leak Detection, Water Quality & Quantity Monitoring, Others), End User (Residential, Commercial, Industrial), & Geography - Global Forecast to 2030.'

According to this latest publication from Meticulous Research®, the smart water management market is projected to reach $69.60 billion by 2030, at a CAGR of 14.7% from 2023 to 2030. The expansion of this market is propelled by the increasing imperative to minimize water loss attributed to non-revenue water, the compelling necessity for the replacement of current water infrastructure, and the rising investments in technology for smart water management. Moreover, the escalating government efforts to integrate smart water management and the expanding initiatives for smart cities are anticipated to present substantial growth prospects for stakeholders in the smart water management market.

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However, the incorporation of water systems with contemporary smart water solutions could impede the market's expansion. Additionally, the market faces challenges such as elevated initial and maintenance expenses, along with inadequate infrastructure to sustain smart metering, which is likely to hinder the growth of the smart water management market. Meanwhile, a noteworthy trend in the market is the increasing embrace of smart water meters.

Scope of the Report: Smart Water Management Market Assessment, by Offering • Hardware o Meters  AMR Meters  AMI Meters  Water Flow Meters o Smart Water Sensors o Water Controllers o Smart Pumps and Drives o Smart Valves o Other Hardware • Software o Cloud-based Deployments o On-premise Deployments • Services o Consulting Services o Integration and Deployment Services o Support and Maintenance Services

Smart Water Management Market Assessment, by Application • Water Quality and Quantity Monitoring • Water Management • Asset Management • Leak Detection • Analytics and Data Management • Rain and Stormwater Management • Other Applications

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Smart Water Management Market Assessment, by End User • Residential • Commercial • Industrial o Manufacturing o Agriculture o Utilities o Energy o Mining o Oil & Gas o Food & Beverage o Automotive o Pulp & Paper o Chemical o Textile o Construction

Smart Water Management Market Assessment, by Country/Region • North America o U.S. o Canada • Asia-Pacific o China o Japan o India o South Korea o Rest of Asia-Pacific • Europe o Germany o U.K. o Italy o France o Spain o Rest of Europe • Latin America • Middle East & Africa

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Key Players: Some of the key players operating in the global smart water management market are IBM Corporation (U.S.), ABB Ltd. (Switzerland), Honeywell International Inc. (U.S.), Schneider Electric SE (France), Cisco Systems, Inc. (U.S.), Sensus (U.S.), Mueller Water Products, Inc. (U.S.), Trimble Inc. (U.S.), Arad Group (Israel), Oracle Corporation (U.S.), Badger Meter, Inc. (U.S.), Landis+Gyr Group AG (Switzerland), Kamstrup A/S (Denmark), SUEZ SA (France), HydroPoint (U.S.), Siemens AG (Germany), Itron, Inc. (U.S.), Endress+Hauser AG (Switzerland) and Neptune Technology Group Inc. (U.S.).

Key questions answered in the report: • Which are the high-growth market segments in terms of offering, application, and end user? • What is the historical market size for smart water management solutions across the globe? • What are the market forecasts and estimates for 2023-2030? • What are the major drivers, restraints, opportunities, and challenges in the global smart water management market? • Who are the major players in the global smart water management market, and what are their market shares? • How is the competitive landscape? • What are the recent developments in the global smart water management market? • What are the different strategies adopted by the major players in the market? • What are the geographic trends and high-growth countries?

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