Infrared Thermometers in Aerospace Engineering: Optimizing Performance and Ensuring Safety Standards2/22/2024 Temperature measurement plays an important role across many industries and applications. Whether it is ensuring product quality in manufacturing, monitoring health conditions, or maintaining optimum environments for people, equipment and processes - accurate temperature data is crucial. Traditionally, contact thermometers like mercury thermometers or thermistor thermometers have been used for obtaining temperature readings. However, over the past few decades, infrared or non-contact thermometers have gained popularity due to their versatility and non-invasive measurement capabilities. Let us examine the working, applications and advantages of infrared thermometers in detail.
Working Principle All objects with a temperature above absolute zero emit infrared radiation. Infrared thermometers work on the principle of infrared thermal detection. They have an infrared sensor capable of detecting the infrared waves emitted by the target whose temperature needs to be measured. The sensor converts the detected infrared waves into an electrical signal which is then processed by the thermometer's microcontroller. Based on the amount of infrared radiation detected, the thermometer calculates and displays the temperature reading. The sensor lenses ensure that only infrared radiation coming from the target area is focused onto the sensor for measurement. This allows infrared thermometers to obtain temperature readings without coming in physical contact with the target surface. Key Applications Some of the common applications of infrared thermometers include: - Industrial Process Monitoring: Infrared Thermometers are widely used to remotely monitor temperature in various industrial processes like metal casting, plastic molding, catalytic cracking etc. They help detect hot or cold spots in machines or systems. - Predictive Maintenance: Temperature scans using infrared cameras help find faults in electrical equipment like motors, transformers etc. before they cause downtime. Overheating components can be identified. - Building Inspection: Infrared cameras are useful tools for building inspectors to detect moisture ingress, air leaks, missing insulation etc. that compromise energy efficiency. - Thermography: Infrared cameras are extensively used in thermography applications for medical diagnosis, non-destructive testing and condition monitoring across many industries. - Food Safety: Infrared thermometers allow HACCP compliance by ensuring food temperatures are within safe limits during cooking, chilling, storage, holding and transportation. - HVAC Systems: Installation technicians rely on infrared thermometers to calibrate or troubleshoot HVAC equipment like chillers, air handlers, fans by measuring air and surface temperatures. Advantages over Contact Thermometers Some key advantages of infrared thermometers include: - Non-contact Measurement: Infrared thermometers allow measuring the temperature of moving, hazardous or inaccessible targets without disturbing the process or coming in direct contact. This eliminates cross-contamination risks. - Fast Readings: Temperature readings are instantaneously displayed without needing to wait for thermal equilibrium like in contact probes. This allows capturing temperature trends over time. - Ergonomic: Infrared thermometers have laser pointers that allow precisely aiming the measurement spot from a distance comfortably. This eliminates arduous physical tasks involved in contact measurements. - Safe for Users: Measuring hazardous materials like molten metals or chemicals can be done safely without risks of burns or exposure when using infrared thermometers from a distance. - Suited for Automation: Non-contact infrared temperature sensors facilitate integration into automated manufacturing and quality control systems for continuous, real-time process monitoring and control. - Versatile Designs: Infrared thermometers are available in handy pocket-sized models as well as advanced thermographic cameras suited for various application requirements. Factors to Consider While infrared thermometers offer clear advantages, there are some factors to consider for accurate temperature measurement: - Emissivity: The target's surface emissivity setting on the thermometer must match the actual emissivity of the target material to obtain accurate readings. - Reflections: Background reflections can skew readings if not properly compensated in the thermometer. Angling the thermometer or using shields reduces stray reflections. - Distance to Target: Most thermometers have pre-defined focus distances that must be followed. Readings become inaccurate beyond these distances as the target appears smaller than the sensor element size. - Calibration: Regular field calibration checks and annual recalibration by the manufacturer is necessary to ensure thermometer accuracy over its lifespan. With advancements in infrared detector technologies and drop in pricing, infrared thermometers have gained widespread acceptance as reliable, versatile and user-friendly temperature measurement tools. Their non-contact measurement capabilities unlock temperature monitoring opportunities in applications where contact probes cannot be used. When used judiciously by following manufacture guidelines, infrared thermometers offer an effective way for quick, accurate and safe temperature measurement across multiple industries. Get More Insights On This Topic: Infrared Thermometer
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Contactless payments have evolved tremendously over the last decade and have now become a viable and popular alternative to cash and card payments. The technology behind contactless payments keeps advancing at a rapid pace to improve security and user experience. Let's explore how contactless payments have evolved and where they are headed in the future.
Early Adoption and Growth The concept of contactless payments first emerged in the early 2000s with the introduction of contactless smart cards and readers. However, it took some time for the technology to mature and for issuers and merchants to widely adopt it. In the late 2000s, many countries in Europe started rolling out Contactless payments extensively at public transport systems like Metro rails and buses. This helped drive early adoption among consumers. By the early 2010s, major card brands like Visa and Mastercard launched contactless credit and debit cards that supported near-field communication (NFC) technology. They also started promoting it through marketing campaigns highlighting the convenience and speed of tap-to-pay. Many retailers, particularly large grocery stores and quick service restaurants, started accepting contactless cards as an alternative payment mode. This helped fuel broader growth in contactless usage through the 2010s. Adoption of Mobile Wallets One big development that accelerated contactless payments was the rise of mobile wallets around 2015. Major tech firms like Apple, Google, and Samsung started incorporating NFC chips into their flagship smartphones to enable tap-to-pay directly from these devices. Users could simply add their card details to the mobile wallet apps and start paying at all contactless terminals by waving their phones. This mobile wallet revolution made contactless payments even more convenient as people no longer needed to carry physical cards everywhere. It particularly resonated well with the Millennial and Gen Z demographics who were early adopters of the latest tech. By the late 2010s, mobile wallets had gained significant user base in many countries and become a mainstream payment mode. Expanding Acceptance Network Buoyed by the growth of mobile wallets and user demand, card issuers and payment networks ramped up efforts to proliferate contactless acceptance points across retail networks. Many small merchants who earlier lacked point-of-sale (POS) terminals upgraded to support contactless. Large retailers expanded contactless capabilities to cover their entire store networks. Public transport networks modernized fare collection with contactless cards and phones. New use cases also emerged in areas like airport security, vending machines, parking lots etc. By 2020, contactless coverage had expanded widely in many developed nations. Even in developing markets, rollout accelerated especially after the pandemic heightened hygiene considerations. Growing Importance of Security As contactless payments rose in volumes, security inevitably became a major priority area. Many network upgrades focused on improving fraud prevention, authentication protocols, and data encryption capabilities. EMV chip specifications strengthened significantly over the years. Tokenization and cryptogram technologies were incorporated to make transactions more secure without requiring PIN entry for small-value transactions. Card issuers and payment networks also regularly monitor transaction patterns to quickly detect and prevent fraudulent activities. Advanced ML-based algorithms were developed to recognize anomalies. Device binding using Bluetooth or GPS became common in mobile wallets for additional authentication. Stronger user verification through PIN, biometrics or remote access also reduced risks of card skimming or device theft. Emerging Trends and the Future Emerging technologies are set to further enhance contactless payments. Near-field communication may soon give way to longer-range technologies like Ultrasound and LiFi for tap-free payments. Integrated payment experiences at self-checkout counters, automated stores and smart vending machines are becoming popular. Growth of wearables will facilitate payment via smartwatches and fitness bands. Big data analytics will generate deeper consumer insights for personalization. Conversational payments through voice assistants and virtual agents on messaging platforms point to a highly frictionless future. Cryptocurrencies and stablecoins also aim to offer fast tap-to-pay options at merchants without dependence on traditional payment rails. Regulatory support and collaboration across industries will be vital to responsibly drive innovation. Initiatives around digital identity, open banking and central bank digital currencies could significantly transform the payments landscape in the coming decade. If adopted securely and inclusively, contactless evolution will keep redefining convenience and bringing greater financial inclusion to societies around the world. This article provided an overview of the evolution of contactless payments over the past decade and emerging technologies shaping the future of this payment mode. Contactless popularity surged with widespread rollout of contactless cards, mobile wallets and expansion of acceptance points. While security remained a priority area, ongoing innovation looks to deliver even more seamless tap-free payment experiences across both online and offline domains. Going forward, collaboration and responsible innovation hold the key to realizing contactless payments' transformative potential. Get More Insights On This Topic: Contactless Payments The global IN-VEHICLE INFOTAINMENT market is estimated to be valued at US$ 28.63 Mn in 2024 and is expected to exhibit a CAGR of 4.7% over the forecast period 2024 to 2030. IN-VEHICLE INFOTAINMENT systems refers to audio-video and navigation systems fitted permanently in automobiles. These systems enable drivers to access and navigate between multimedia entertainment and information while driving. They provide features such as navigation, connectivity, music playback, climate control, and hands-free telephone operation among others. Growing demand for enhanced driving experience and safety is a key driver for adoption of these systems across various vehicle segments.
Key Takeaways Key players operating in the IN-VEHICLE INFOTAINMENT market are BASF SE, Evonik Industries AG, Clariant International AG, Croda International PLC, DowDuPont Inc., Solvay SA, Arkema S.A., Akzo Nobel N.V., Mitsubishi Chemical Corporation, A. Schulman, Inc. Growing demand for luxury vehicles fitted with advanced infotainment and connectivity features is propelling the market growth. Major automakers are also focusing on incorporating customized and integrated infotainment systems tailored for fleet customers. Rapid advancements in areas of AI, IoT, 5G connectivity and advanced multimedia solutions are further enhancing the driver experience. Market Trends The emergence of advanced telematics control units with support for latest connectivity standards like 4G LTE and 5G is enabling seamless integration of infotainment with cloud and assistive driving functions. Growing preference for large multi-display cockpits is also a key trend in premium vehicles targeted at millennial buyers. Automakers are also exploring augmented reality and holographic interfaces to modernize infotainment displays. Market Opportunities The scope of infotainment is expanding from passenger vehicles to commercial fleet, trucks and off-highway vehicles. Growing demand for advanced fleet management solutions is encouraging OEMs to develop specialized ruggedized infotainment for commercial applications. Integration of advanced technologies like AI assistants, augmented reality mapping and biometric authentication also opens up new opportunities in this market over the forecast period. Impact of COVID-19 on In-Vehicle Infotainment Market Growth The COVID-19 pandemic has significantly impacted the growth of the Global In-Vehicle Infotainment Market Trend. In the initial phases of the pandemic, lockdowns and restrictions enforced by various governments globally resulted in the closure of automotive production facilities. This led to a steep decline in vehicle sales across major markets, negatively impacting the demand for IN-VEHICLE INFOTAINMENT systems. Additionally, economic uncertainties created by the pandemic discouraged consumers from making discretionary purchases of new vehicles equipped with advanced infotainment systems. However, as economies are gradually reopening post lockdowns, the automotive industry is witnessing a revival in demand. Many leading automakers are focusing on integrating innovative connectivity features to offer enhanced in-car experience to users and differentiate their offerings. Also, greater emphasis on safety, hygiene and contactless technologies is prompting automakers to accelerate the development of advanced infotainment solutions with integrated e-commerce and m-commerce capabilities. While challenges around electronic component supply shortages persist, the post-COVID growth outlook for the IN-VEHICLE INFOTAINMENT market remains positive driven by continuous innovation and new product launches aligning with evolving user preferences. IN-VEHICLE INFOTAINMENT Market Value Share by Geographical Regions In terms of value, North America currently holds the largest share of the global IN-VEHICLE INFOTAINMENT market, backed by high vehicle parc and rapid adoption of advanced automotive technologies. The United States contributes significantly to the regional market supported by presence of leading automakers and infotainment system manufacturers. Europe stands as the second largest regional market benefitting from strict safety norms and demand for luxurious vehicles integrated with state-of-the-art connectivity and comfort features. Meanwhile, the Asia Pacific region has emerged as the fastest growing market for IN-VEHICLE INFOTAINMENT systems given rising expendable incomes, increasing vehicle ownership and launch of affordable vehicles by Chinese OEMs with sophisticated infotainment offerings. Fastest Growing Region for IN-VEHICLE INFOTAINMENT Market The Asia Pacific region holds immense growth potential for the IN-VEHICLE INFOTAINMENT market over the forecast period. Countries such as China and India are anticipated to drive the highest demand due to steadily expanding automotive production and sales volumes in these markets. Supported by policy initiatives promoting domestic vehicle manufacturing, rising standards of living and evolving preferences of tech-savvy customers, OEMs are aggressively launching new models equipped with advanced connectivity and infotainment solutions. Additionally, lower costs and availability of features-rich aftermarket infotainment systems are supplementing the regional market growth. With improving economic conditions and continuing investments by international automakers in developing production hubs, the Asia Pacific region will emerge as the fastest growing as well as largest IN-VEHICLE INFOTAINMENT market globally in the upcoming years. Get More Insights On This Topic: In-Vehicle Infotainment Market The cotton (linter) pulp market comprises of processed cotton cellulose fibers derived from the cotton delinting process. Cotton linter pulp possesses strong absorbability, softness and biodegradability which makes it suitable for use in hygiene products like sanitary napkins, baby diapers and medical products like bandages and gauzes. It can absorb 10-12 times its own weight in fluid content. The rising awareness regarding health, hygiene and sustainability is propelling the demand for cotton linter pulp based disposable products from both developed and developing nations. The global cotton (linter) pulp market is estimated to be valued at US$ 422.9 Bn in 2024 and is expected to exhibit a CAGR of 9.8% over the forecast period 2024 to 2030.
Key Takeaways Key players operating in the cotton (linter) pulp market are CommScope, Comba Telecom, Laird Connectivity, Radio Frequency Systems, Rosenberger, Amphenol Procom, Mobi Antenna Technologies, Tongyu Communication, Shenglu Telecommunication, Cobham Antenna Systems. Key players are investing significantly in expanding their production capacities and developing innovative product applications to cater to the growing demand. The increasing global population coupled with rising disposable incomes in emerging economies is propelling the demand for hygiene and medical products made from cotton linter pulp. Growth in e-commerce and online sales of such products is further fueling the cotton linter pulp market growth. Technological advancements are enhancing the production efficiencies of cotton linter pulp.Advanced machinery helps in extracting higher pulp yields while maintaining the strength, softness and absorbency of the final product. Improvements in bleaching and refining processes are helping manufacturers optimize costs. Market Trends One of the key trends in the cotton linter pulp market is the growing adoption of organic and sustainable products. The increasing consumer demand for eco-friendly alternatives to synthetic materials is encouraging manufacturers to develop organic cotton linter pulp variants. Another trend is the development of customized cotton linter pulps tailored for specific end-use applications. Manufacturers are investing in R&D to customize properties like density, softness, strength etc. Market Opportunities One of the major opportunities for cotton linter pulp market is the rising demand from non-hygiene segments like tissue papers, absorbent pads, tea bags etc. New application development in technical textiles and industrial absorbents is another key growth opportunity. Geographic expansion into high growth regions like Asia Pacific and Middle East provides huge market potential for cotton linter pulp producers. Impact of COVID-19 on Cotton (Linter) Pulp Market The COVID-19 pandemic has significantly impacted the growth of the global cotton (linter) pulp market. During the pre-pandemic phase, the market was growing at a steady pace due to widespread use of cotton (linter) pulp in various end-use industries such as paper, nonwoven fabrics, explosives & others. However, the outbreak of coronavirus in 2020 and the implementation of lockdown measures across the globe disrupted the supply chain and production of cotton (linter) pulp. Factory shutdowns, border restrictions and limited workforce availability led to a decline in the overall market revenue during 2020. The demand from key end-use industries such as paper also dropped significantly amid lockdowns as various economic activities came to a halt. However, with mass vaccination drives in 2021 and gradual reopening of economies, the cotton (linter) pulp market is witnessing signs of recovery. While the demand is yet to reach pre-COVID levels, the easing of restrictions and revival of key end-use industries are supporting market growth. The market is expected to get back to normal growth trajectory by 2022, provided there are no major global health scares. Going forward, shifting focus towards sustainable raw materials and expansion of nonwoven fabric applications are likely to drive the cotton (linter) pulp market post pandemic. Geographical Regions with Highest Value Concentration in Cotton (Linter) Pulp Market Asia Pacific region currently accounts for the highest value share in the global cotton (linter) pulp market. China, India and other developing Asian countries are the leading consumers as well as producers of cotton (linter) pulp globally. Abundant availability of raw cotton, presence of large paper manufacturing industries and proliferation of nonwoven fabric production units in Asia drive the consumption in this region. North America and Europe also have considerable demand driven by well-established end-use industries in countries such as the US, Germany, Italy and others. Fastest Growing Region in Cotton (Linter) Pulp Market The Middle East and Africa region is projected to witness the fastest growth in demand for cotton (linter) pulp during the forecast period from 2024 to 2030. This is attributed to ongoing infrastructure development activities, expanding paper industry and rapid urbanization across many African nations. Countries like Saudi Arabia, UAE, South Africa offer significant untapped growth potential for cotton (linter) pulp manufacturers. Additionally, growing environmental consciousness and shift towards sustainable products also boost the regional market growth. Get More Insights On This Topic: Cotton (Linter) Pulp Market The compounding chemotherapy market involves the customization of drug doses based on a patient's specific needs. In compounding chemotherapy, an oncologist may prescribe lower or higher doses of chemotherapy drugs or combine therapies to maximize treatment effectiveness. Compounders prepare medication by combining, mixing, or altering ingredients to create unique medications tailored to meet individual needs for allergies, dosages, or other special requirements that manufactured pharmaceuticals do not meet. Compounding chemotherapy allows for improved patient outcomes by improving tolerance of treatment regimens and minimizing side effects. The Global Compounding Chemotherapy Market is estimated to be valued at US$ 11.76 Mn in 2024 and is expected to exhibit a CAGR of 2.8% over the forecast period 2024 to 2030.
Key Takeaways Key players operating in the Global Compounding Chemotherapy Market Size are Singapore Airlines,Air New Zealand,Qantas,Qatar Airways,Virgin Australia,Emirates,All Nippon Airways,EVA Air,American Airline,Spicejet,The Boeing Company,Airbus SE,Lockheed Martin Corporation,Textron Inc,Embraer S.A. Increasing incidence of cancer is stimulating the demand for compounded chemotherapy medications. Rising cases of pediatric cancers and geriatric population susceptible to developing cancers are expected to propel market growth. Technological advancements in compounding facilities such as improved pharmacokinetics and closed system transfers are enhancing safety and efficacy of personalized treatment plans. Market Trends Growing preference for personalized cancer treatment over conventional chemotherapy is a major trend in the market. Compounded chemotherapy allows tailoring of drug type and dosage based on efficacy for each individual's disease. Secondly, growing focus on patient centric care is shifting treatment choice towards less toxic compounded drugs. This minimizes side effects and improves quality of life. Market Opportunities Emerging economies with large underserved patient populations present significant growth opportunities. Market players may focus on expanding affordable access through public-private partnerships. Secondly, compounding chemotherapy for novel oral oncolytic therapies and targeted cancer drugs will gain traction. This expands application scope beyond conventional IV treatments. Impact of COVID-19 on Compounding Chemotherapy Market The COVID-19 pandemic adversely impacted the growth of the compounding chemotherapy market globally in 2020. Many elective surgeries were postponed during the peak months of the pandemic to avoid unnecessary exposure and prioritize resources for COVID patients. This led to a decline in the demand for compounded chemotherapy drugs which are widely used in cancer treatment. However, telehealth solutions played a crucial role in continuing care for cancer patients during this period. Many oncology practices adopted virtual consultations to provide counseling and manage treatment plans remotely. This helped sustain the market to some extent. With the rollout of vaccination drives in 2021, surgical volumes and cancer treatments are recovering. But supply chain disruptions and price hikes of active pharmaceutical ingredients continue to pose challenges. To boost growth, market players are focusing on ensuring an uninterrupted supply of essential compounds through strategic collaborations. They are also expanding production capacities and virtual support programs to cater to the treatment needs of patients in remote locations. North America dominates Compounding Chemotherapy Market in terms of value. The North American region accounts for the largest share of the global compounding chemotherapy market in terms of value. This is majorly attributed to the high incidence of cancer, availability of advanced treatment options, growing geriatric population susceptible to chronic diseases, and favorable reimbursement policies in countries like the US and Canada. According to recent statistics, the US oncology drug market was valued at over US$ 100 billion in 2020, emphasizing the scale of operations in the region. Large presence of key players also makes North America a strategic investment hub for compounding chemotherapy. The market is projected to grow steadily here during the forecast period with recovery in cancer care services and further uptake of personalized medicines. Asia Pacific emerges as the fastest growing region for Compounding Chemotherapy Market. The Asia Pacific region is emerging as the most lucrative market for compounding chemotherapy globally owing to rapid economic development, improving access to healthcare, and rising cancer burden. Countries like China, India, Japan, and South Korea are witnessing increased government spending as well as public-private initiatives to strengthen their oncology infrastructure and capabilities. At the same time, growing medical tourism from Western nations is boosting service investment in the region. Initiatives likeMake in India also encourage local manufacturing of off-patent oncology drugs through compounding. These factors are contributing to Asia Pacific becoming the fastest growing regional market for compounding chemotherapy by 2030 in terms of value. The market is projected to expand at a CAGR of over 4% during the forecast period in the APAC territory. Get More Insights On This Topic: Compounding Chemotherapy Market The bottled water industry has experienced tremendous growth over the past few decades and shows no signs of slowing down. Bottled water has become one of the most popular beverage choices for consumers around the world. This article will provide an overview of the bottled water industry, including trends, consumer preferences, environmental concerns and the industry outlook.
Origin and Growth of Bottled Water Bottled water has its origins in the late 19th century, when mineral waters began being packaged and sold commercially. However, it wasn’t until the 1970s and 1980s that bottled water really took off. Newer polyethylene terephthalate (PET) packaging technology allowed for bottles to be lighter and more portable. At the same time, concerns over water quality led many consumers to perceive bottled water as safer and healthier than tap water (Doria, 2006). These factors fueled explosive growth in the bottled water sector. Bottled Water consumption jumped from approximately 1 billion liters in 1980 to over 280 billion liters in 2020 (Statista, 2022). The United States leads the world in bottled water consumption, with over 40 billion liters consumed annually. Sparkling and flavored varieties of bottled water have also contributed significantly to heightened demand in recent decades. Consumer Preferences and Brand Loyalty A key driver of the industry’s success has been appealing to diverse consumer segments. While some still view bottled water as a healthier alternative to sodas, consumer motivations have evolved over time. Branding and marketing campaigns highlighting attributes like purity, convenience and taste have cultivated strong brand loyalty among many regular bottled water drinkers. Premium purified and spring water brands compete for health-conscious and environmentally minded customers. These consumers are willing to pay higher prices for perceived quality and sustainability benefits. In contrast, generic and private label bottled waters cater to price-sensitive shoppers. Flavored waters also satisfy those looking to infuse variety into their hydration routines. Popular global brands like Evian, Aquafina and Fiji have become household names. Regional spring water brands like Poland Spring in the Northeast U.S. and Gerolsteiner in Germany command local demand. With the market now optimized for accessibility, affordability and product differentiation, bottled water satisfies a diverse array of customer preferences. Production and Environmental Tradeoffs While bottled water avoids delivery infrastructure needs compared to other beverages, its production and distribution require substantial resources. According to Natural Resources Defense Council estimates, around 1.5 million barrels of oil are used annually just to produce the plastic bottles that hold bottled water in the U.S. Producing billions of single-use plastic bottles introduces significant waste management challenges as well. Less than one-third of plastic water bottles end up being recycled in the U.S., burdening landfills and increasing environmental cleanup costs (Graham, 2018). Concerns have also been raised about potential microplastic pollution from bottle degradation. At the same time, bottled water manufacturing provides important economic benefits. The industry employs over 120,000 people across its supply chain in North America alone. Companies argue bottled water is subject to strict quality regulations and delivers a conveniently portable hydration option. On balance, environmental tradeoffs versus public health or economic development effects remain actively debated. Future Prospects and Sustainability Efforts Despite awareness of environmental issues, total bottled water consumption continues climbing in most major markets. The industry projects over $280 billion in global annual revenues by 2025, underscoring opportunities for companies to scale operations. Meanwhile, sustainability-focused startups are introducing innovations like water refilling stations and home water delivery services with reusable containers. Major brands are also taking steps to address waste such as incorporating higher percentages of recycled plastic and alternative packaging materials into bottle production. Nestle Waters recently committed $1.5 billion to provide 100% recycled or renewable plastic in its bottles by 2025. Collective progress on reuse/recycling and carbon footprint reductions will determine how the sector balances commercial growth with environmental protection moving forward. As bottled water maintains its mainstream popularity and distribution networks expand globally, industry leaders expect long-term demand strength. Constant innovation matches evolving health and convenience preferences, while sustainability measures address mounting ecological concerns. With management of production externalities improving as well, bottled water appears poised for continued importance as the world's most consumed commercial beverage. Get More Insights On This Topic: Bottled Water The rise of digital platforms and data has disrupted traditional advertising models. Retailers are now leveraging their vast customer data and digital properties to build their own media networks, presenting new opportunities for brands.
What is a Retail Media Network? A retail media network refers to the media properties owned and operated by major retailers where they sell advertising space and sponsorship opportunities to consumer brands. These networks allow retailers to monetize the large audiences browsing and shopping on their websites and mobile applications. The pioneer of retail media was Amazon with its Amazon Ad Solutions platform launched in 2014. Since then, retailers like Walmart, Target, Kroger and others have invested heavily in growing their own retail media networks. Some key aspects of retail media networks: - Audience Data: Retailers have access to granular purchase histories and browsing behaviors of their customers giving them a unique understanding of purchasing habits and preferences. - Integration with Shopping Experience: Ads run within the retailer's owned properties allow brands messaging to be directly contextual to the shopping experience. - Performance Metrics: Retailers can offer robust advertisers' performance metrics like view-through conversions since they have visibility into online and offline purchases. - Lower CPCs: Generally retail ad space comes at lower cost-per-click rates compared to search and social platforms due to lower campaign setup costs and ability to directly track ROI. Growing Reach of Retail Media Networks Over the past few years, retail media networks have expanded aggressively as retailers invest in growing their digital assets and monetization capabilities. According to eMarketer, retail media ad spending in the US will grow at a CAGR of 33% between 2020-2024 to reach $11.9 billion. Walmart has emerged as the leader with its Walmart Media Group (WMG) which launched in 2020. WMG has quickly onboarded hundreds of brand partners and generated over $1 billion in revenue in its first year. Meanwhile, Target's advertising business has crossed a $1 billion valuation. Retailers are expanding the scope of their media platforms beyond banners and native ads. For example, Kroger established a content studio to create branded video content for advertisers. Amazon has supercharged growth by opening its inventory to third party sellers, which now account for over half of its sales. Brands are allocated significant shares of online ad budgets for retail media as they can effectively target relevant customers and directly measure return on ad spend. Grocery and drug store chains have also seen increased ad dollars as consumer packaged goods brands shift more dollars to performance channels as the space heats up. Benefits of Retail Media for Brands For consumer product brands, retail media provides an efficient way to reach in-market customers with a high intent to purchase in a brand safe, contextually relevant environment. Some of the key advantages include: - Highly Targeted Audiences: Leveraging first party shopper data, brands can hyper-target ads to customers matching their ideal demographics, past purchases and browsing behaviors leading to better returns. - Integration with Shopping Mission: Contextual ads distributed across owned retail properties ensure brand messages are in sync with customers' shopping needs and goals driving awareness as well as conversions. - Omnichannel Attributions: Retailers can attribute both online and offline sales to ads, giving brands the ability to optimize spends across channels based on true impacts on total business. - Performance Transparency: Ad performance metrics provided by retailers are standardized, allowing for apples-to-apples measurement and comparison of campaign ROI across initiatives. - Better CPA/ROAS: On average, retail media delivers 25-50% lower CPA and 50-100% higher ROAS than search and social platforms for CPG brands. - Scale: Large retail networks like Amazon, Walmart, Kroger provide national reach allowing brands to capitalize on broad as well as niche, local opportunities. Challenges and the Road Ahead While retail media has brought opportunities, brands also face a few challenges absorbing the changes in media landscape. Ad inventory varies across retailers and sustaining ROI requires brand expertise in platform nuances. Measurement and viewability standards also differ versus traditional platforms. Going forward, major retailers are expected to provide more tools and services like self-serve platforms to simplify access for SMB advertisers. They are also developing unique ad formats like shoppable videos and immersive experiences. Partnerships between retailers would help brands achieve higher scale. On the regulatory front, privacy laws may impact data sharing abilities of retailers over time. However, most experts believe retail media is still in early growth phases. As retailers optimize their platforms, retail is projected to surpass search in terms of ad dollars within this decade creating a paradigm shift in advertising. For consumer brands, success will depend a lot on reallocating budgets towards retail media networks. In conclusion, the rise of retail media networks present a massive opportunity for brands driven by retailers' rich customer insights and growing digital reach. While it requires novel strategies, retail media is emerging as a highly efficient performance channel compared to traditional options. As customers continue their migration towards digital shopping experiences, retail advertising will play a transformational role for consumer brands going forward. Get More Insights On This Topic: Retail Media Network The laundry industry has undergone immense changes over the past few decades with the introduction of advanced commercial laundry equipment. Whether it is hotels, hospitals, laundromats or other commercial establishments, efficient laundry machines have become essential for handling large volumes of linen and clothing. In this article, we will take a look at some of the main types of commercial laundry equipment used today along with their features and benefits.
Commercial Washers Commercial washers are designed to handle heavy-duty washing tasks throughout the day with their rugged construction and powerful motors. There are different styles available based on the capacity needed - front loading, top loading or combination washer-extractors. - Front loading commercial washers can hold 40-100 lbs of laundry and feature a horizontal axis that moves clothes inside a perforated drum. They are gentle on fabrics and widely used in hotels, nursing homes and laundromats. - Top loading commercial washers have a vertical axis and capacity of 25-75 lbs. Though not as gentle as front loaders, they tend to be more affordable and suitable for smaller laundries. - Washer-extractors are high performance machines that can hold 100-400 lbs and feature an unbalance compensator to reduce vibrations during powerful extraction cycles. They are capable of extracting over 60% of moisture from wet laundry. Mainly used in larger healthcare and hospitality laundries. Commercial Dryers Dryers are another essential piece of equipment for Commercial Laundry Equipment. Gas models or electric dryers are available in stackable or stand-alone configurations based on space. - Ventless or condensing dryers save space by recycling air without needing venting. However, they cost more to purchase and operate. - Tunnel dryers can process hundreds of pounds of damp laundry continuously on rollers inside a long heated chamber. Ideal for large volume laundries with consistent throughput. - Cart or shelf dryers are stackable and help save floor space. They accommodate smaller 10-30 lb loads. Mainly seen in nursing homes, small hotels, and laundromats. - Washer-dryer combinations provide a 2-in-1 solution on a smaller footprint but may not be able to handle high volumes as separate equipment. Ironers and Folders After drying, ironing and folding equipment helps finish the laundry neatly. Steam heated roll or cylinder ironers can process 60-100 lbs per hour. These heavy-duty machines press out wrinkles smoothly. Folding machines automate the folding process at speeds close to human capabilities. Stackers help arrange finished piles neatly whereas tables provide ergonomic working areas for manual folding if needed. Other Support Equipment Other commercial machines include extractors for heavy-duty moisture removal, shirt units for pressing dress shirts perfectly, milking tables for sorting and refolding, and garment racks for temporary storage. Commercial Laundry Considerations When choosing equipment, factors like volume needs, budget, space availability and energy costs must be evaluated. Installation requires proper plumbing, electrical and ventilation considerations. Routine preventative maintenance by qualified technicians also helps optimize performance and prolong equipment life. Digital controls, networking capabilities and energy efficient designs have boosted the productivity and sustainability of today's commercial laundry solutions. From hospitals processing surgical gowns to hotels handling bedding round-the-clock, efficient equipment has become indispensable for commercial operations of all sizes. With continuous innovations, the commercial laundry industry will keep modernizing to serve growing demands. In conclusion, purchasing robust yet eco-friendly commercial laundry equipment tailored to individual needs helps establishments streamline their operations cost-effectively. Proper installation, training and maintenance further ensures consistent quality washing for years to come. The advanced technologies available today have made caring for large volumes of linen highly efficient. Get More Insights On This Topic: Commercial Laundry Equipment Database Management Systems Market Will Grow at Highest Pace Owing to Growing Cloud Adoption2/21/2024 The database management system (DBMS) refers to software that allows organizations to manage, retrieve, organize data and simplify the retrieval and storage of information. DBMS enables the management of database through queries and reports. Some key features of DBMS include data sharing, redundancy control, data integrity, security and multiple user support. DBMS helps in storing and managing large amount of data efficiently while ensuring security, concurrency and recovery of data. With the increasing prevalence of cloud computing and data centers, there is significant growth in volume and complexity of data being managed by organizations globally. This has boosted the demand for scalable, cost-effective and flexible DBMS.
The Global Database Management System Market is estimated to be valued at US$ 64.7 Bn in 2024 and is expected to exhibit a CAGR of 9.8% over the forecast period 2024 to 2030. Key Takeaways Key players operating in the database management system (DBMS) are Novo Nordisk, Sanofi, Eli Lilly, Biocon, Gan & Lee Pharmaceuticals, Tonghua Dongbao Pharmaceutical, United Laboratories, Merck, Wockhardt, Julphar Diabetes, Medtronic, Beta Bionics, Zealand Pharma, MannKind, Peptron, Dexcom, Senseonics, Medtrum Technologies, SOOIL Development, Semma Therapeutics. The increasing digital transformation initiatives across industries has boosted the demand for advanced DBMS solutions to manage large volumes of enterprise data efficiently. Technological advancements such as in-memory solutions, analytics tools and cloud DBMS are enhancing the capabilities of DBMS in processing huge amounts of structured and unstructured data in real-time. Market Trends One of the major trends witnessed in the Global Database Management System Market Size is the rising adoption of open source database management systems globally. Companies are showing keen interest in open source platforms such as PostgreSQL, MySQL, MariaDB etc. owing to cost effectiveness and wide availability of technical support. Second major trend is the development of next generation platforms focused on advanced capabilities including cognitive intelligence, machine learning, data virtualization and decentralized architecture. These new age DBMS solutions are well equipped to tackle future challenges around evolving data landscapes and needs of organizations. Market Opportunities One key opportunity for DBMS providers is the growing demand from small & medium enterprises across sectors for affordable and scalable database solutions. With availability of cloud-based and managed database services, more SMEs are adopting advanced DBMS. Second major opportunity lies in the emerging technologies area, where DBMS players can offer specialized solutions leveraging blockchain, Internet of Things, edge computing etc. This allows organizations to gain insights from diverse non-traditional data sources as well. Impact of COVID-19 on Database Management System Market Growth The COVID-19 pandemic has significantly impacted the growth of the Database Management System market. Due to lockdowns, supply chain disruptions and restrictions imposed by various governments, businesses saw reduced operations and revenues. This decreased the demand for advanced database management solutions from various industries like BFSI, telecom, healthcare and others in the initial months of 2020.Database vendors also faced challenges in terms of deployment, maintenance and upgradation of existing systems for clients due to travel restrictions and remote work arrangements. However, as the pandemic intensified the need for digital transformation across organizations, there was also a rise in demand for advanced database management systems to support remote working models and cloud computing infrastructure. Many companies accelerated their digital initiatives and cloud migration strategies during this period. This transition led to increased adoption of cloud-based and Software-as-a-Service database solutions that offer agility, scalability and data security features required in the new normal. Growing utilization of big data analytics and AI-driven technologies by enterprises also helped boost the demand for powerful, high-performance database platforms in 2021 and beyond. Overall, while COVID-19 initially slowed growth, it also highlighted the necessity for robust, scalable database infrastructure that can support digital ways of working even during crises. Vendors are focusing on capabilities around hybrid cloud deployments, data virtualization, cybersecurity and cloud-native designs to sustain momentum in the post-pandemic period. In terms of geographical regions, North America currently holds the largest share of the database management system market in terms of value. Countries like the US and Canada have seen widespread adoption of advanced database solutions across sectors due to established IT infrastructure and early adoption of emerging technologies. However, the Asia Pacific region is projected to witness the fastest growth during the forecast period owing to rapid digital transformation of industries, growing investments in cloud computing, and rising penetration of internet and smart devices in developing economies of China, India and Southeast Asian markets. Nations such as India, China, Japan, South Korea and Australia are emerging as lucrative regional markets for database solution providers. Geographical Regions with Fastest Growth in the Database Management System Market The Asia Pacific region is poised to demonstrate the fastest growth in the database management system market during the period of 2024 to 2030. This can be attributed to the following factors: - Growing digitization and IT infrastructure development: Countries like China, India, Indonesia, Thailand, Malaysia, Philippines and Vietnam are investing heavily in digital technologies like cloud, big data, AI and IoT to improve productivity and efficiency across industries. This is generating substantial demand for scalable, high-performance database platforms. - Rising adoption of cloud databases: The cloud computing market in Asia Pacific is expanding rapidly with strong government initiatives and enterprise migration to cloud environments for flexibility and cost optimization. This is positively impacting the adoption of SaaS-based, cloud-native and hybrid database solutions. - Proliferation of startups and digital natives: The region is witnessing a surge in technology startups and born-digital companies developing innovative solutions for various sectors. They typically rely on advanced database systems to store, process and analyze large data volumes. - Favorable government policies: Countries are introducing digital strategies, incentives and regulatory frameworks to boost innovation, foreign investments and digital business models. This encouraging environment is enabling faster growth of the database solutions market. - Young demographics and growing internet usage: Asia Pacific has nearly 60% of the global population with rising disposable incomes. Increasing internet penetration and growing usage of consumer technologies is generating new data that require effective database management tools. Hence, the Asia Pacific region is expected to see the fastest growth on account of accelerated digital transformation of enterprises and economies, government initiatives and increasing technological adoption across industries and user demographics in the next decade. Get More Insights On This Topic: Database Management System Market Commercial laundry equipment has wide ranging applications in the hospitality and healthcare industries owing to strict hygiene standards. Commercial laundries process large volumes of linens such as bed sheets, towels, patient gowns, uniforms and more on a daily basis. They are equipped with advanced washing and drying systems along with folding and sorting capabilities to efficiently handle high workloads.
The global commercial laundry equipment market is estimated to be valued at US$ 1.62 billion in 2024 and is expected to exhibit a CAGR of 7.4% over the forecast period 2024 to 2030. Key factors influencing growth include rapid expansion of the hospitality industry, increasing focus on healthcare infrastructure in developing economies and need for automated solutions to optimize workloads. Key Takeaways Key players: The major players in the commercial laundry equipment market are Alliance Laundry Systems, Whirlpool Corp, Electrolux AB, LG Electronics and Haier Group Corp. They offer a wide portfolio of commercial and industrial grade washers, dryers, presses and finishing equipment. Growing demand: Rapid growth of chains in the hotel, restaurant and healthcare sectors is driving demand for bulk laundry processing equipment. Commercial equipment can wash larger loads while consuming less water and energy compared to household appliances. Technological advancement: Equipment manufacturers are focusing on introducing connected solutions for predictive maintenance and remote monitoring. They are also developing drying technologies that are more energy and water efficient to reduce operating costs. Market Trends Adoption of IoT solutions: Many commercial laundry OEMs have launched smart laundry solutions integrated with IoT and analytics capabilities. This allows tracking machine performance, automating maintenance schedules and managing workloads remotely. Sustainability focus: There is increased emphasis on developing energy and water efficient commercial dryers and washers. Heat pump dryers, ozone cleaning systems and solar powered alternatives are gaining traction to reduce carbon footprint. Market Opportunities Growth in Asian markets: Countries like India, Indonesia and Vietnam are witnessing rising disposable incomes and expansion of retail, hospitality and medical tourism industries. This will drive new equipment installations. Maintainance and upgrade services: As the installed base of commercial machines increase, opportunities will emerge for stakeholders in the aftermarket services segment including repair, replacement of parts and modernization. Impact of COVID-19 on Global Commercial Laundry Equipment Market Size: The COVID-19 pandemic had a significant impact on the commercial laundry equipment market. During the initial lockdowns in major economies, most commercial establishments like hotels, hospitals, restaurants etc. were shut down. This led to a drastic fall in demand for commercial laundry equipment in 2020. Manufacturing facilities were also shut as workers stayed home due to lockdowns and social distancing norms. Supply chains were disrupted globally affecting procurement of raw materials and parts. However, as the pandemic persisted, there was a growing need for proper hygiene and sanitization in hospitals and healthcare facilities. This boosted demand for commercial washing machines and dryers in the healthcare sector. With relaxations in restrictions in 2021-2022 and resumption of business activities, demand started recovering gradually across geographies. However, the sector is yet to return to pre-COVID levels fully. In the coming years, greater focus on hygiene is likely to drive equipment upgrade cycles. Manufacturers will need to strengthen supply networks and focus on categories like healthcare to deal with future disruptions better. Geographical Regions with Highest Market Value for Commercial Laundry Equipment: North America accounts for the largest share of the global commercial laundry equipment market in terms of value. The United States is a key market where demand is driven by a large services sector comprising hotels, hospitals and laundromats. Strong emphasis on hygiene, developed infrastructure and replacement demand from existing installed base support market growth. Europe is the second largest regional market led by countries like Germany, the UK and France. Presence of many global players and organized sectors like hospitality and healthcare drive equipment procurement. Asia Pacific is poised to be the fastest growing market for commercial laundry equipment over the coming years. Major economies like China and India are seeing expansion of commercial services requiring laundry solutions. Increasing income levels and investments in infrastructure like hospitals are catalyzing demand across developing nations in the region. Fastest Growing Regional Market for Commercial Laundry Equipment: Asia Pacific is projected to be the fastest growing regional market for commercial laundry equipment globally in terms of value during the forecast period. China and India are expected to spearhead growth owing to urbanization, expanding middle class and developing commercial sectors. Rising investment in healthcare infrastructure and tourism industry across Southeast Asian countries will also contribute to market revenues. Investments in laundromats and industrial laundries are increasing to cater to tier-II and tier-III cities gaining scale. Local manufacturers are strengthening capabilities supported by technological collaborations. This is expected to make Asia Pacific a lucrative production base besides catering to rising local demand. By 2030, the region is forecasted to account for over 30% share of the global commercial laundry equipment market value. Get More Insights On This Topic: Commercial Laundry Equipment Market |
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