Wearable Technology Market – Global Scenario, Trends, Industry Analysis, Size, Share And Forecast, 2012 – 2018

According to a new market report published by Transparency Market Research “Wearable Technology Market  Global Scenario, Trends, Industry Analysis, Size, Share and Forecast, 2012 2018,” the global wearable technology market stood at USD 750.0 million in 2012 and is expected to reach USD 5.8 billion in 2018, at a CAGR of 40.8% from 2012 to 2018. North America is expected to maintain its lead position at 43.0% of the global wearable technology revenue share in 2018 followed by Europe.

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Wearable technology market is in early stage of evolution with growing adoption in various end-use segments such as fitness and wellness, healthcare and medical, industrial and military and infotainment sectors. Wearable fitness and wellness products include smart clothing, activity monitors, sleep sensors and others; whereas the infotainment segment includes smart watches, smart glasses and heads-up displays among others. On the other hand, products like continuous glucose monitors (CGM), drug delivery, and wearable patches are being predominantly used in healthcare and medical sector. Hand worn terminals, heads-up displays and other such products are being used in the industrial and military settings.

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Among all the wearable technology end use segments, the healthcare and medical segment held the largest revenue share followed by fitness and wellness in 2012. However, in 2018, the infotainment segment is expected to surpass the fitness and wellness segment driven by robust growth of smart watches and smart glasses. The healthcare and medical segment accounted for about 35.1% of the overall wearable technology market in 2012 primarily due to the rising aging population and increase in diabetic population.

Wearable technology is driven by factors like compactness, portability and easy use along with the multi-functionality and increasing applications of these products in various sectors. The increasing adoption of such technically advanced products among youth coupled with increasing demand for real time and actionable data will also fuel the growth of the wearable technology market. However, factors including high price and lack of consumer awareness are expected to hinder the market growth.

North America led the wearable technology market growth with high adoption rate and better consumer awareness in the region. The North America region contributed over 2/5th of the global wearable technology market revenue and will consolidate its lead position during the forecast period. Europe and Asia Pacific region will collectively account for about 49% of the market revenue by 2018.

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Power Rental Market – Global Industry Analysis, Share, Size, Growth, Trends and Forecast, 2012 – 2018

Many companies that deal in a wide variety of industries are using power rentals to fulfill their temporary power requirements. These companies hire a wide range of power equipment and power services from rental companies to fulfill their power needs without investing huge amounts for such equipment and services. This helps these companies in reducing their overall cost of initial investment and saves them from making long term investments.

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Many companies are now coming forward to supply power on rent, thereby increasing the quality of service in power rentals, which is ultimately enhancing the confidence of buyers in purchasing energy on rent. Power rentals also help buyers in arranging their specific power equipment at a faster rate and at a very competitive price compared to purchasing the power equipment.
Due to the significant shortage of power supply in developing regions and due to the lack of infrastructure and grid stability, companies are choosing power rental based solutions. Many companies have at present very old distribution grids which need to be changed and this also provides an opportunity for power rentals to replace these old distribution grids, thereby increasing its market share.
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At present, North America is the largest segment for power rental revenue, followed by the Middle East and the Asia-Pacific region. Power rentals are primarily used in construction, utility, oil and gas, quarrying, mining, and in the events industry.
In the construction industry, where there is a requirement for continuous power, power generators play an important role when grid power is not available due to the location or due to specific requirement constraints or when it is very expensive. On the basis of application, power rentals can be divided into base power, standby power, and seasonal peak.
Some of the companies which deal in the power rental market include Caterpillar Inc., Aggreko, Cummins Inc., Kohler Power, Rental Solutions & Services, APR Energy, Hertz, Power Electrics, Worldwide Power Products LLC, Speedy Hire, and Bredenoord Exploitatiemij B.V
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
  • North America
  • Asia Pacific
  • Europe
  • Rest of the World
This report provides comprehensive analysis of 
  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
 
Reasons for Buying this Report
  • This report provides pin-point analysis for changing competitive dynamics
  • It provides a forward looking perspective on different factors driving or restraining market growth
  • It provides a technological growth map over time to understand the industry growth rate
  • It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
  • It helps in understanding the key product segments and their future
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
  • It provides distinctive graphics and exemplified SWOT analysis of major market segments

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