Thermoelectric Modules Market Growth Boosted by Increased Construction Activities 2020

The global thermoelectric modules market predicts a CAGR of close to 10% during the period 2017-2021. The report segments the global thermoelectric modules market by application (commercial and government) and by geography (the Americas, EMEA, and APAC). It provides a detailed illustration of the major factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges. 

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Here are some key findings of the global thermoelectric modules market, according to Technavio hardware and semiconductor researchers: 

• Increased construction activities: a major market driver 
• The commercial segment dominated the global thermoelectric modules market in 2016, accounting for more than 71% of the share in terms of revenue 
• In 2016, APAC accounted for the largest share of the market, with close to 35% share 
• Ferrotec, KELK, Laird, and II-VI Marlow are the leading players in the market 
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Increased construction activities: a major market driver 

Increased construction activities are one of the major factors driving global thermoelectric modules market. Development in the construction industry plays a significant role in boosting the global thermoelectric modules market. New construction in the residential, commercial, and industrial sectors have increased the demand for heating, ventilation, and air conditioning (HVAC) systems that are integrated with thermoelectric modules. This improves building efficiencies, thereby generating high revenue for the market. Innovations in building design and increased focus on energy efficiency for buildings have created an opportunity for thermoelectric module manufacturers to increase their market foothold. 

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APAC: largest thermoelectric modules market 

The thermoelectric modules market in APAC is expected to grow at a CAGR of more than 10% during the forecast period. IR thermography in the region is driven by increased demand for IR thermal cameras for manufacturing facilities, failure detection analysis of electronic parts, crystal growth techniques, quality control, and process control and facilities management from countries such as China, Japan, South Korea, India, and Singapore. These IR cameras are integrated with thermoelectric modules. Hence, with the increasing demand for IR cameras, the market for thermoelectric modules will also grow. 

Global Autoimmune Disease Diagnostics Market 2020-2024 | Evolving Opportunities with Abbott Laboratories and bioMérieux SA

The autoimmune disease diagnostics market is poised to grow by USD 1.94 billion during 2020-2024, progressing at a CAGR of almost 9% during the forecast period.

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The market is driven by the discovery of novel biomarkers leading to improved autoimmune diagnosis. In addition, the increasing consumer shift toward direct-to-consumer testing is anticipated to boost the growth of the autoimmune disease diagnostics market.

There is an increased demand for multiple biomarkers that help in identifying and evaluating the patient status, disease type, and progression, and response to therapy for autoimmune diseases. This is compelling vendors and research institutes to increase their R&D efforts to develop effective biomarkers for use in autoimmune diseases. The ability to screen an individual with multiple biomarkers associated with several autoimmune diseases has enhanced the diagnosis of autoimmune diseases. This is proving to be an added advantage for physicians in the diagnosis of complex diseases. These factors are significantly influencing the growth of the global autoimmune diagnostics market.

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Major Five Autoimmune Disease Diagnostics Companies:

Abbott Laboratories

Abbott Laboratories operates its business through segments such as Established Pharmaceuticals Products, Nutritional Products, Diagnostic Products, and Medical Devices. ARCHITECT i2000SR and ARCHITECT i4000SR are the key offerings of the company.

bioMérieux SA

bioMérieux SA operates its business through segments such as Clinical applications and Industrial applications. VIDAS beta2 Microglobulin is the key offering of the company. It is an automated test for the quantitative measurement of beta2 microglobulin in human serum or plasma and urine using the ELFA technique.

Bio-Rad Laboratories Inc.

Bio-Rad Laboratories Inc. operates its business through segments such as Life Science and Clinical Diagnostics. HEp-2 IFA, BioPlex 2200 Celiac IgA, BioPlex 2200 Anti-CCP, and Anti-CCP EIA are the key offerings of the company.

Danaher Corp.

Danaher Corp. operates its business through segments such as Life Sciences, Diagnostics, and Environmental & Applied Solutions. UniCel DxI 800 is the key offering of the company. It provides fast and accurate results with chemiluminescent technology.

F. Hoffmann-La Roche Ltd.

F. Hoffmann-La Roche Ltd. operates its business through segments such as Pharmaceuticals and Diagnostics. Elecsys Anti-TSHR, Cobas 4000 analyzer series, and Cobas 8000 modular analyzer series are the key offerings of the company.

Global Autotransfusion Devices Market 2020-2024 | Evolving Opportunities with Haemonetics Corp. and LivaNova Plc |

The global autotransfusion devices market size is poised to grow by USD 76.23 million during 2020-2024, registering a CAGR of close to 6% during the forecast period. 

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Read the 151-page research report with TOC on "Autotransfusion Devices Market Analysis Report by product (systems and accessories), by geography (North America, Europe, Asia, and ROW), and Segment Forecasts, 2020-2024".

The market is driven by the rising number of cardiac and orthopedic surgeries. In addition, continuous technological advances are anticipated to further boost the growth of the autotransfusion devices market.

Blood transfusion is one of the key procedures to be performed during the intraoperative or postoperative procedures. Allogenic blood transfusion is mainly performed during the procedures, which may lead to various bacterial and viral infections. As a result, to avoid the risk of infection, autologous transfusions are being performed during these surgical procedures. Thus, an increase in various surgical procedures across the globe is expected to drive the global autotransfusion devices market growth during the forecast period.

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Major Five Autotransfusion Devices Market Companies:

Haemonetics Corp.

Headquartered in the US, Haemonetics Corp. offers products through segments, namely plasma, blood center, and hospital. The company offers Cell Saver 5+, Cell Saver Elite+, and Cell Saver Elite as the key product offerings for the autotransfusion devices market. In May 2019, the company received clearance for the expanded use of TEG 6s Hemostasis Analyzer System in adult trauma settings.

LivaNova Plc

LivaNova Plc operates its business under two segments such as cardiovascular and neuromodulation. In July 2019, the company launched Bi-Flow, an innovative arterial femoral cannula to prevent limb ischemia during cardiac surgery. The company offers XTRA as its key offering which features innovative technological characteristics to help clinicians perform autotransfusion effectively.

Medtronic Plc

Medtronic Plc has business operations under various segments, which include cardiac and vascular group, minimally invasive therapies group, restorative therapies group, and diabetes group. The company offers the autoLog autotransfusion system with an effective design to provide autologous blood during surgical procedures. In October 2019, the company launched GI Genius intelligent endoscopy module in Spain.

Getinge AB

Getinge AB operates through various business segments including acute care therapies, surgical workflows, and lifesciences. The company offers 2450 self-filling autotransfusion blood bags and 2550 in-line autotransfusion blood bags as its key offerings.

Teleflex Inc.

Teleflex Inc. offers products through various business segments including surgical North America, vascular North America, interventional North America, anesthesia North America, EMEA, Asia, OEM, and all others. The company offers the Pleur-evac autotransfusion capability, an autotransfusion blood bag used during chest drainage. In May 2018, the company launched TrapLine catheter in Europe and showcased Arrow AC3 Optimus Intra-Aortic Balloon Pump (IABP).

Global Automotive Lighting Market 2020-2024 | Increasing Demand for Effective Interior Lighting to Boost Market Growth

The automotive lighting market is expected to grow by USD 8.69 billion during 2020-2024, according to the latest market research report by Technavio.

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Automotive interior lights enhances the visual appeal of vehicles. These lights accentuate the space and create a perception of increased cabin space in vehicles. In May 2015, Chevrolet introduced the concept of dynamic internal lighting for its Camaro 2LT and Camaro SS models with its interior spectrum lighting. This lighting system offers 24 diverse lighting effects in vehicle interiors, including dashboards, door panels, and cup holders. Ambient lighting in an automotive cabin highlights the texture of the seat and mimics the feel of a premium vehicle. Vehicle manufacturers have been increasing the number of light sources in their vehicles to attract buyers. Thus, the increase in the use of interior lighting, also in mid-segment cars, is expected to drive the demand for automotive lighting during the forecast period.

As per Technavio, the development of autonomous vehicles will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.

Automotive Lighting Market: Development Of Autonomous Vehicles

Companies such as Delphi, Continental, Bosch, Daimler, Scania, and Volvo are working toward expanding the autonomous driving concept. Campaigns and promotions have widened the market acceptance of semi-autonomous features in passenger and commercial vehicles. Self-driving cars may become a reality toward the end of the forecast period, and in a decade, a sizeable number of self-driving vehicles are estimated to ply on the road. The mentioned prominent automotive vendors have reached advanced levels in their research on autonomous vehicles. In addition, the development and testing of a wide gamut of features in advanced driver-assistance systems (ADAS) and telematics/connected vehicle applications and services are estimated to increase. As a result, the demand for automotive lighting market is also expected to increase, which will drive the growth of the market during the forecast period.

Automotive Lighting Market: Segmentation Analysis

This market research report segments the automotive lighting market by application (passenger cars and commercial vehicles), and geography (North America, APAC, Europe, South America and MEA).

The APAC region led the automotive lighting market in 2019, followed by Europe, North America, South America and MEA. During the forecast period, the APAC region is expected to register the highest incremental growth due to factors such as the increase in demand for LED lighting systems and the rise in automotive production.

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Wall Beds Market 2020 | Need for Multi-Featured Wall Bed to Boost Growth

The wall beds market and it is poised to grow by USD 806.64 million during 2019-2023, progressing at a CAGR of almost 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Request for Technavio's latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the Wall Beds Market. Download Latest free sample report of 2020-2024.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. B.O.F.F. Wall Bed Furniture, BESTAR Inc., FlyingBeds International Inc., Homes Spa, Murphy Wall-Beds Hardware, Inc., San Diego Modern Furniture Co. Inc., SICO Inc., The Bedder Way Co., Wall Beds Manufacturing, WallBeds Co. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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The need for multi-featured wall bed has been instrumental in driving the growth of the market.

Wall Beds Market 2019-2023: Segmentation

Wall Beds Market is segmented as below:

·         Distribution channel

·         Offline

·         Online

·         Geographic Landscape

·         APAC

·         Europe

·         MEA

·         North America

·         South America

Wall Beds Market 2019-2023: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our wall beds market report covers the following areas:

·         Wall Beds Market Size

·         Wall Beds Market Trends

·         Wall Beds Market Analysis

This study identifies the rising demand for eco-friendly and green furnishings as one of the prime reasons driving the wall beds market growth during the next few years.

Want An Easy Fix For Your E-bike Market In Europe? Read This!

The e-bike market in Europe is expected to post a CAGR of nearly 18% during the period 2018-2022, according to the latest market research report by Technavio.

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A key factor driving the growth of the market is the increasing concern toward health and environment among consumers. Vehicular emissions are the primary cause of various health issues, such as respiratory problems and asthma. The noise pollution caused by vehicles can even lead to loss of hearing, high blood pressure, and sleep deprivation. Curbing vehicular CO2 emissions, which is the primary cause of global warming, is currently the world’s greatest environmental concern. Consumers are becoming increasingly aware of the health and environmental hazards caused by vehicles, and are hence, shifting towards electric vehicles, such as e-bikes, which are pollution free and keep the environment clean.

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In this report, Technavio highlights the connected e-bikes market, while establishing novel business models like bike-sharing as one of the key emerging trends in the e-bike market in Europe:

E-bike market in Europe: Connected e-bikes - establishing novel business models like bike-sharing

The automotive industry has seen a decline in the sales of vehicles due to the advent of various alternate solutions, such as ride-sharing and car-pooling. In Europe, there are more than 500 bike-sharing schemes currently in operation. This business model has the caliber to move e-bikes from personal ownership into fleet management structures, and ultimately towards huge fleets of e-bikes left on the streets without the need for docking stations. However, the fleet management approach for e-bikes would need to overcome certain hurdles, such as the price and maintenance of e-bikes.

“Connected e-bikes can further enhance the bike-sharing business model and evolve it to make it an integral part of urban mobility. With the integration of connectivity features, e-bikes have the potential to become a part of the seamless mobility-as-a-transport service. Once a bike is connected to a service network, it can be tracked, booked, and paid for via a smartphone application. Seamless connectivity with the public transport system would also enable connected e-bikes to become a last-mile connectivity solution,” says a senior analyst at Technavio for research on automotive manufacturing.

E-bike market in Europe: Segmentation analysis

This market research report segments the e-bike market in Europe by geographical regions (Germany, The Netherlands, and Belgium).

Germany led the market in 2017 with a market share of nearly 35%. This region is expected to dominate the market through 2022, however, there will be a decrease in its market share by nearly 6%.

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