Increase in the number of retail outlets for perishable items has given rise to the global commercial refrigeration equipment market. Market Research Future, a firm which specializes in market reports related to the Consumer and Retail sector among others, recently published a report on this market.  The market is set to develop following an exceptional revenue growth with an outstanding CAGR per cent in the forecast period.

Development of retail chains and their outlets have led to development of the market at a rapid pace. Development of commercial kitchens where high capacities of refrigeration devices are required has also been of the sources of demand source. Increase in the investment in the sector has caused the sector to branch out towards different applications.

The market for commercial refrigeration equipment market is segmented on the basis of:

Type: Display cases, walk-in coolers, beverages refrigeration, ice-making machineries, parts and others. Display cases and beverage refrigeration devices are the most growing type of this segment.

Applications: Hospitals, bars, food service, hotels, and food and beverages preservation. Food service and hotels are the major sector for this industry.

End Users: Food manufacturing industries, hyper market and super market. Supermarkets are leading the segment in a major way as compared to other end users.

Detailed Regional Analysis

The market for commercial refrigeration equipment includes regions such as Europe, North America, Asia Pacific, and rest of the world (ROW). The North American market dominates the Global Commercial Refrigeration Equipment industry with the biggest market share, accounting for millions in revenue and is expected to grow tremendously by 2027. The Asia-Pacific has exceeded North America in 2015 to become the largest market for commercial refrigeration equipment and expected to grow at an optimistic CAGR. The European market for Commercial Refrigeration Equipment is expected to grow at an influential CAGR in the forecast period even though the market in Europe is heading towards the maturity.

Industry Updates:

Jan 2018 Filta Group Holdings has recently sold its refrigeration and HVAC maintenance and repair business to Scotia Cooling Solutions. Filta group who is into providing services to commercial kitchens, stated that the sale is for a cash consideration up to £125,000 and comprises Filta Refrigeration’s net assets of £99,719 and additional payments relating to finance leases. Scotia Cooling Solutions which is a Livingston-basedcompany has also taken on all refrigeration and HVAC related engineers, vehicles and current contracts.

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Global Competitive Analysis:

With companies aiming to capture a considerable share of the market segment as early as possible, experimentation with various advantage points is being seriously considered and implemented. Due to this, the sector is undergoing considerable transformation which has accelerated the growth pace of the sector. The best long-term growth opportunities for this sector can be harnessed by ensuring ongoing process improvements and maintaining financial flexibility to invest in the optimal strategies. The industry players in the segment are effectively utilizing their primary resources to initiate long lasting growth changes. A trend of volume-driven growth has been observed in the market of late with the development of different varieties of product types.

The prominent companies that are involved in industry are United Technologies Corporation, Hussmann Corporation, AB Electrolux, Frigoglass S.A.I.C to name a few.

Global VoIP equipment market is anticipated to witness an exponential growth in the forecast period. Voice over Internet Protocol (VoIP) is a procedure, which uses numerous data and voice transfer technologies such as voice over broadband, IP telephony, and Internet telephony to offer communication facilities over a packet-switched network. Factors such as cost efficiency and packaged service offerings leading to roll out of progressive networks and improved usage of these services over several networks and rising disposable income are likely to drive the market in forthcoming period.

On the other hand, low public acceptance of VoIP services in the residential consumer sector are anticipated to hinder VoIP equipment market growth in future. However, technological advancements are likely to create lucrative opportunities for the market. Globally, market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.

VoIP equipment market could be explored by product type, configuration, application, end user and geography. Market by product type could span Hosted PBX Equipment and IP PBX Equipment. Market could be explored by call type as International and domestic. The “International” segment accounts for a prominent share in the market. It is likely to witness substantial growth in the years to come. The key factors that could be attributed to the growth of the market include high-quality international IP calling feature at lesser rates as compared to traditional carrier rates. Based on configuration, the VoIP equipment market could span Computer-to-Computer, Phone-to-Phone, and Computer-to-Phone.

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The key applications that could be explored in the market include Residential Use and Enterprise Use. The “Enterprise Use” segment accounts for a prominent share in the market. It is likely to witness substantial growth in the years to come.

The VoIP equipment market could be explored based on end user as IP Connectivity, Hosted Business, Managed IP PBX, Corporate Consumers and Individual Consumers. The “Corporate Consumers” segment accounted for a prominent share in the market. It is likely to witness growth in the years to come. The key factors that could be attributed to the growth of market include key start-ups and SMEs have accepted VoIP communications in their daily activities and increasing demand.

EMEA is a leading region in the market. It is likely to maintain its dominance in the forecast period owing to factors, such as technological advancement, increasing acceptance and continuous effort made by the telecom service providers to progress the performance of network connectivity to improve the user experience.

Key players operating in the VoIP equipment market include InPhonex LLC, Viber Media S.r.I., Vonage Holdings Corp, Microsoft Corporation (Skype), AT&T, Avaya, Sprint Corporation, Nextiva, Inc., 8×8 Inc., Vonage Holdings Corporation and RingCentral, Inc among others. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Global Sports Equipment Market is expected to exhibit a steady 3.2% CAGR over the forecast period from 2019 to 2024, according to the latest research report from Market Research Future (MRFR). The global sports equipment market is studied in detail in the report, which provides readers a clear view into the historical growth trajectory of the market as well as studied forecasts regarding the probable future growth trajectory of the market. The major players in the market are also studied in the report, in addition to the major drivers and restraints affecting the market growth.

The Global Sports Equipment Market is mainly driven by the increasing interest in active lifestyles among consumers. Many consumers around the world are picking up sports as a way to stay healthy and fit, leading to a growing demand from the sports equipment market. Sports that require minimal equipment, such as football, tennis, and badminton are becoming increasingly popular in several parts of the world. This is a major driver for the sports equipment market.

The increasing development of better sports equipment is likely to be a major driver for the global sports equipment market over the forecast period. While sports implements have traditionally been made by hand, the advent of machines and industrial manufacturing has served to elevate the quality of the products produced in the global market. Increasing research into the materials used to produce sports equipment has also resulted in the development of hybrid materials and manufacturing techniques that allow for the production of stronger, more capable sports equipment. This has been a major driver for the sports equipment market over the historical review period. On the other hand, the increasing presence of counterfeiters in the sports equipment market is likely to be a key market restraint in the coming years. High-volume markets such as Asia Pacific are a promising environment for counterfeiters, as government regulation is lax and consumer awareness is also not as high as in North America or Europe.

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Leading players in the global sports equipment market include Kering S.A., Nike Inc., ANTA Sports Products Limited, Adidas AG, Quicksilver Inc., Callaway Golf Company, Sports Direct International plc, BPS Direct LLC, Shenzhen Taishan Sports Technology Co. Ltd., Globeride Inc., Mizuno Corporation, Yonex Co. Ltd., Black Diamond Equipment Ltd., New Balance Athletics Inc., and Daei Sportswear and Equipment.

The global sports equipment market is segmented on the basis of type, distribution channel, and region.

By type, the sports equipment market is segmented into balls, sticks, bats and clubs, nets and goalposts, sports gear, and others. The balls segment is the leading revenue generator in the global sports equipment market and is likely to remain the leading segment in the coming years due to the integral role of balls in any sport.

By distribution channel, the global sports equipment market is segmented into store-based and non-store based. The traditional store-based distribution dominates the global sports equipment market at present. However, the non-store based segment is growing quickly and is expected to exhibit a higher growth rate over the forecast period from 2019 to 2024. The increasing availability of better customer care and the option to return and replace items in online shopping portals is likely to be the major driver for the non-store based segment over the forecast period.

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Regional Insights

North America is the dominant revenue generator in the global sports equipment market, followed by Asia Pacific. The high volume of sports enthusiasts in North America is a major driver for the global sports equipment market. In addition, the strong presence of licensing requirements and regulations also drives up the market for sports equipment in North America. While the market in Asia Pacific is comparable to or even larger than North America in terms of consumer numbers, a large part of the sports equipment sales in Asia Pacific are unlicensed, leading to a loss for authorized sports equipment market players.

Global nucleic acid analyzer market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. The nucleic acid analyzer is equipment that measures DNA, oligonucleotide and RNA calculations, protein assays, and others.

The factors that are playing a major role in the growth of nucleic acid analyzer industry are the rising occurrence of infectious diseases like genetic diseases and cancer, the rising demand for technological enhancement in R&D laboratories, and the rising demand from end-users. However, the lack of trained personnel’s, the availability of alternatives, and the high cost may restrain the overall market growth in the years to come. Nucleic acid analyzer market is segmented based on type, application, end-user, and region.

Semi-automatic and fully automatic nucleic acid analyzer are the types that could be explored in a nucleic acid analyzer in the forecast period. The fully automatic sector accounted for the substantial share of the nucleic acid analyzer industry and is estimated to lead the overall market in the years to come.

The market may be characterized based on applications like DNA and RNA analysis with microfluidics technology, microfluidic protein characterization analysis, and others could be explored in a nucleic acid analyzer in the forecast period. DNA and RNA analysis sector accounted for the significant share of the nucleic acid analyzer market and is estimated to continue its dominance in the years to come.

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Based on the end-user, food safety, medical research, clinical, and others could classify nucleic acid analyzer in the forecast period. Medical research sector accounted for the significant share of the nucleic acid analyzer industry and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the rising R&D activities, the government initiative by funding for the research activities like drug discovery and others, and its use in molecular diagnostics.

Globally, North America accounted for the substantial share of the nucleic acid analyzer market and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the presence of developed research centers, the rising government initiative by funding the R&D activities, the presence of key manufacturers in the region, and the high demand from the end-users.

Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The developing countries like India and China are the major consumers of the nucleic acid analyzer in this region. The key players of the nucleic acid analyzer industry are Shimadzu, Bio-Rad, and Thermo Fisher Scientific. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.

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Global children playground equipment market is expected to witness a massive growth in the forecast period. Children purely love to play with other kids and go to a playground where they can spend hours climbing, running and doing almost all kinds of activities and play around the playground equipment sets. Playground equipment refers to the ones that are intended for the usage in play areas of parks, schools, childcare facilities, institutions, multiple family dwellings, restaurants, resorts, and recreational developments, and other areas of public use.

The demand for children playground equipment has been increasing due to the development of social economy and enhancement of living standard. To evade obesity in children, playground equipment’s are a must as children cannot be enticed to work out the way adults do. Playground equipment’s are amusing to children and along with this, it helps them to exercise their arms legs and shoulders. These are some of the most significant dynamics that are helping the children playground equipment market to grow at a faster pace as parents are looking forward to engaging their children more into the playground and its equipment’s in the digitalized era.

Looking at the growth speed, the existing, as well as the new investors, have started investing vastly for the manufacturers to come up with some more thrilling playground equipment’s so that more and more children get involved in the outdoor activities. This is one of the major reason that will massively surge the progress of the children playground equipment market during the estimated time span.

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The market is segmented on the basis of product (monkey bars, sand bars, climbing equipment’s, swings & slides, balance equipment, motion & spinning, others); by applications (commercial playgrounds, theme play systems) and by region (North America, Europe, Asia Pacific, Southeast Asia, Middle East & Africa).

Among the mentioned regions, key players from North America are the most substantial leaders in the children playground equipment market globally. Following the path, Europe is likely to dominate the market dynamically as the manufacturers in this region are continuously coming up with advanced technologies and innovations, which in the current scenario is increasing the growth graph of the market. The Asia Pacific has a large scope, as well as space in the market, due to its bigger gap that is created between the international and local brands on the pricing. This is the major reason for the region to witness a steady decline. Overall, market will show a trend of balanced growth in the forthcoming years. In the near future, market will continue to come up with some extraordinary product innovations to attract new consumers and investors, for them to continue the domination.

Some of the significant key players outlined in the children playground equipment market are Playpower, PlayCore, e.Beckmann, Childforms, ABC-Team and DYNAMO, Kompan, Inc., Structures, Kaiqi, Landscape, SportsPlay, ELI and Henderson. All the leading companies are including mergers and acquisitions, partnerships and joint ventures to enhance the market growth efficiently.

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