Retort Packaging Market worth 41.14 Billion USD by 2020, at a CAGR of 6.7%

The global "Retort Packaging Market" has grown exponentially in the last few years and this trend is expected to continue. The global retort packaging market is projected to reach USD 41.14 Billion by 2020, with a CAGR of 6.7% from 2015 to 2020. Retort packaging is becoming popular in the frozen food and beverage market due to advantages such as the growing demand for compact and light weight packaging.

Pouches have gained popularity due to its advantages over cans, such as reduced logistics and freight cost, consumer convenience due to reclosable feature, and extended shelf-life. Pouches are widely used in end-use applications such as tuna, pet food, soups, rice, and meat.

Growth in the flexible packaging market and rise in the demand for ready-made meals with extended shelf life are projected to be the major drivers of the retort packaging market. The growing demand for pet food and baby food products are is also one of the major drivers of the retort packaging market. Technological advancements as well as emergence of the Meal, Ready-to-Eat and lesser logistic cost are expected to have a positive impact on the growth of the retort packaging market.

The Asia-pacific region accounted for the highest share of the total market value, followed by Europe and North America due to changing lifestyle, increasing disposable income, extensive growth in population, and growth in the packaged food industry. The retort packaging market is well established in developed countries. The market in developing economies, such as China and India are estimated to grow at a higher rate from 2015 to 2020.

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Scope of the Report:

Based on Type:

• Pouches
• Trays
• Cartons

Based on Material:

• Polyester
• Polypropylene
• Aluminum foil
• Others
• Nylon
• Food-Grade Cast Polypropylene
• Paperboard

Based on End-Use:

• Food
• Beverage
• Others
• Healthcare
• Personal care

Based on Region:

• North America
• Europe
• Asia-Pacific
• Rest of the World (RoW)

Some of the key retort packaging manufacturers are Amcor Limited (Australia), Berry Plastics Corporation (U.S.), Mondi Group (South Africa), Otsuka Holdings Company Limited (Japan), Sonoco (U.S.), Astrapak Limited (South Africa), Tredegar Corporation (U.S.), Coveris (U.S.), Bemis Company Inc. (U.S.), and Clondalkin Industries BV (Europe).

AC Drives Market worth 22.07 Billion USD by 2021, at a CAGR of 7.0%

The low voltage AC drives segment is expected to dominate the AC drives market during the forecast period. The AC drives market has also been segmented based on power rating into three segments: low (below 40 kW), medium (41 – 200 kW), and high (above 200 kW). Demand from building automation, food & beverage, oil & gas, construction, and pulp & paper industries will drive the low power AC drives market during the forecast period.

The global "AC Drives Market" is projected to grow at a CAGR of 7.0% from 2016 to 2021, to reach a market size of USD 22.07 Billion by 2021. This growth is attributed to the increasing urbanization & industrialization, rising need for energy efficiency, and regulations on energy efficiency.

Oil & Gas segment is expected to hold the largest share of the AC drives market, by End-Use Industry, during the forecast period

The oil & gas industry led the overall AC drives market in 2015. AC drives are mostly used to control the speed of pumps and compressors used in the oil & gas industry. Most processes in oil & gas industries are complex and operate at varying operating conditions. AC drives control the speed effectively and reduce energy consumption at a large scale.

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Low power drives is expected to hold the largest market share of the AC drives market, by Power Rating, during the forecast period

The low power drives is expected to hold the largest market of the global AC drives market during the forecast period. The demand for low power drives is driven from industries such as building, automation, oil & gas, food & beverage, and pulp & paper among others. Low power drives also offer quick pay back periods due to higher energy savings with low capital costs and better process control with increased motor control.

Asia-Pacific is the fastest growing market for AC drives

In this report, the AC drives market has been analyzed with respect to five regions, namely, North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. Asia-Pacific is expected to be the fastest growing market for AC drives. Rising need for energy efficiency and rapid industrialization in the region will drive the Asia-Pacific AC drives market from 2016 to 2021.

Target Audience:

• AC drives manufacturers, dealers, and suppliers
• AC  drives equipment manufacturing companies
• Government and research organizations
• Environmental and industrial associations
• Banks, venture capitalists, financial institutions, and other investors
• Market research and consulting firms

Major End–Use Industry:

• Oil & Gas
• Water & wastewater
• Power generation
• Building Automation
• Food & Beverage
• Metals & Mining
• Chemicals & Petrochemicals
• Other industries

some of the Leading Players in the AC drives market. These players include ABB Ltd. (Switzerland), Siemens AG (Germany), Danfoss Group (Denmark), Schneider Electric SE (France), Rockwell Automation, Inc. (U.S.), Mitsubishi Electric Co. (Japan), and Yaskawa Electric Corporation (Japan).

Seismic Survey Market worth 9.28 Billion USD by 2022,at a CAGR of 4.15%

The 3D imaging market is anticipated to grow at the fastest pace during the estimate period. The demand for 3D seismic technology has increased as oil & gas companies use it to solve problems and reduce uncertainties in exploration, development, and production operations. The technology is also used to capture clearer images of geological structures. It also helps improve turnaround time in data acquisition, processing, and interpretation. The 3D imaging gives a clear picture of earth’s surface, so companies can invest in new oil & gas reserves.

The global "Seismic Survey Market" is expected to grow at CAGR 4.24%, from 2017 to 2022, and reach a projected value of USD 9.28 Billion by 2022. The growth of the market is likely to be driven by the increased use of seismic technology in brownfield projects and shale gas exploration. The African market will offer opportunities for the growth of the seismic survey market. There are large hydrocarbons fields that are yet to be explored in Africa, Thus, creating an opportunity for exploration companies.

The 3D imaging market is expected to be the largest segment of the seismic survey market, by technology

The 3D imaging segment is expected to hold the largest market share of the seismic surveys market, by technology, in 2017. The most significant development in geophysical exploration, 3D imaging provides clearer, continuous images of the subsurface stratigraphic features. Oil & gas companies use 3D imaging to capture clearer images of geological structures. The technique is used to characterize reservoirs, plan and execute enhanced recovery strategies for oil surveys, and monitor fluid movements in reservoirs as they are developed and produced. These capabilities have improved accuracy and turnaround time in data acquisition, processing, and interpretation. The 3D visualization helps to interpret large amounts of data.

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Data acquisition is expected to be the largest segment of the seismic survey market, by service

The data acquisition segment is expected to hold the largest market share of the seismic surveys market, by service, in 2017. This is due to the capital expenditure for the services offered in this category. Data acquisition involves geological imaging while data processing and interpretation only include software as a service. Companies are investing in the exploration of new hydrocarbon fields to acquire data. The acquired data is used to explore reserves and is economic and can offer longer production lives of hydrocarbon fields. Companies require the acquired data to be processed and interpreted using new techniques and services. Therefore, these segments are expected to witness increased growth during the forecast period.

The market in North America is expected to be the largest for seismic surveys.

The North American market is expected to be the largest segment of the seismic survey market, by region. The region has extensive untapped resources which will create an opportunity for oil & gas exploration companies. Since the slump in oil prices, shale exploration has been on the decline. However, operators are currently able to meet the breakeven price of shale with oil prices as low as USD 40/barrel. This has resulted in a surge in the demand for geophysical seismic data for shale reserves. The increased investments in shale gas exploration have led to an increase in the demand for seismic surveys in North America.

Target Audience:

• Geophysical service providers
• Oil & gas service companies
• Oil & gas equipment providers
• Drilling and survey companies
• Oil & gas operators
• International and other associations
• Government and research organizations
• Investment banks

Some of the Leading Players in the seismic survey market include Compagnie Generale de Geophysique (CGG) (France), Petroleum Geo-Services (PGS) (Norway), Fugro N.V. (Netherlands), Polarcus Limited (U.A.E.), and Tomlinson Geophysical Services (TGS)-Norwegian Petroleum Exploration Consultants (NOPEC) Geophysical Company (Norway), among others.

Wooden Decking Market worth 7.81 Billion USD by 2021,at a CAGR of 1.43%.

Wooden Decks are used in residential and non-residential buildings. The global market, in terms of end use, was dominated by residential buildings in 2015. Rising disposable incomes of the urban population is stimulating the construction of new houses in urban regions, giving rise to an increased demand for wooden decks. Growth in construction expenditures in the non-residential sector will continue to support the demand for wooden decks.

The "Wooden Decking Market" size will grow from USD 7.21 Billion in 2015 to USD 7.81 Billion by 2021, at an estimated CAGR of 1.43%. The wooden decking market is expected to witness high growth because of the rising urbanization, large-scale investments in infrastructure & industrial sectors, and rising construction activities in emerging economies. The repairs and remodeling segment is projected to have the largest market share and dominate the wooden decking market from 2016 to 2021. New decks on new houses plays a key role in changing the wooden decking landscape and is projected to grow at the second-highest rate during the forecast period.

Residential buildings to gain maximum traction during the forecast period

The residential buildings segment dominated the market in 2015 and is projected to be the fastest-growing end user sector in the next five years, as a result of the rising urbanization and the demand for better quality decks in homes. The residential market is driven by the rise in new and existing housing completions. Furthermore, wood provides properties such as superior aesthetics, quality, durability, and strength.

“North American wooden decking market constitutes the largest market share.”

The U.S. contributes a major market share in the global as well as North American wooden decking market. The recovery of the U.S. residential market by 2010 after the 2007–2009 recession, and the increasing demand for low maintenance building products are some of the factors driving the wooden decking market in North America. This market in the U.S. is growing rapidly due to the presence of numerous leading players in this region.

The major players in the wooden decking market include UPM-Kymmene Corporation (Finland), Weyerhaeuser Company (U.S.), West Fraser Timber Co. Ltd. (Canada), Universal Forest Products, Inc. (U.S.), Metsä Group (Finland), Setra Group (Sweden), James Latham plc (U.K.), Cox Industries Inc. (U.S.), Humboldt Redwood Company and Mendocino Redwood Company (U.S.), and Vetedy Group (U.S.).

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Target Audience:

• Wooden decking manufacturers
• Raw material producers and suppliers
• Wooden decking distributors and traders
• End-use sectors
• Government and R&D institutions
• Market research and consulting firms
• Associations and industry bodies

Major Regions:

• North America
• Europe
• Asia-Pacific
• RoW

The global wooden decking market is dominated by players such as UPM-Kymmene Corporation (Finland), Weyerhaeuser Company (U.S.), West Fraser Timber Co. Ltd. (Canada), Universal Forest Products, Inc. (U.S.), Metsä Group (Finland), Setra Group (Sweden), James Latham plc (U.K.), Cox Industries Inc. (U.S.), Humboldt Redwood Company and Mendocino Redwood Company (U.S.), Vetedy Group (U.S.).

Light Tower Market worth 2.72 Billion USD by 2022,at a CAGR of 6.1%.

The global “Light Tower Market” is projected to grow at a CAGR of 6.1% from 2017 to 2022, to reach a market size of USD 2.72 Billion by 2022. This growth is mainly attributed to a speedy growth in the construction industry, especially in developing nations of the Asia-Pacific region, growing investment in the oil & gas sector, and restart of investment in the mining industry.

The report segments the light tower market based on fuel type in to diesel-powered light tower, solar-powered light tower, and direct-powered light tower. The diesel-powered light towers are widely used in construction, mining, and oil & gas industry due to high reliability of diesel generator sets, easy availability of fuel, ease of storage of fuel, longer running time, and simple maintenance. Due to these reasons, the   diesel-powered light tower segment is projected to dominate the light tower market during the forecast period. However, due to growing pressure on the environment, the solar powered light tower market is expected to grow at a higher pace during the forecast period.

A rapid growth in the construction sector, especially in the Asia-Pacific region is expected to drive the light tower market. Countries such as China and India are investing heavily in developing transport infrastructure to support growth of their economies, and is expected to drive the construction end-user segment during the forecast period.

The light tower market is segmented based on light type LED light tower and metal halide light tower. The LED light towers are expected to grow with a relatively high CAGR from 2017 to 2022. The key driving factor for this segment is increasing implementation of solar panels to reduce carbon footprint, government regulations & subsidies for solar panels, and LED lighting. Eco environment friendly policies are expected to drive the LED light tower market from 2017 to 2022.

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Asia-Pacific is the largest market by size and is estimated to grow at the highest rate due to rapid growth in the construction industry, especially in China. High investments in the construction sector in China has created a demand for portable light towers. Asia-Pasic is home to many developing nations such as India, Indonesia, Taiwan, and Malaysia. All these nations are focusing on developing their infrastructure which in turn is expected to drive the demand for light tower in the Asia-Pacific region.

Target Audience:

• Light tower manufacturing companies
• Raw material suppliers, light tower component manufacturers
• Government and research organizations
• National and local government organizations
• Institutional investors
• Associations

Scope by End-User Industry:

• Construction
• Oil & Gas
• Mining
• Others

Major suppliers for light towers include Generac Holding, Inc. (U.S.), Atlas Copco (Sweden), Doosan Corporation (South Korea), Terex Corporation (U.S.), and Wacker Neuson (Germany).

Air Insulated Switchgear Market worth 8.41 Billion USD by 2022,at a CAGR of 4.68%.

The air insulated switchgear market is segmented based on voltage range into 3 kV–36 kV and >36 kV. The 3 kV–36 kV segment accounted for largest market size in 2016 and is anticipated to grow at the fastest growth rate from 2017 to 2022. The 3 kV–36 kV air insulated switchgear are used majorly for application such as power generation, infrastructure & transportation, manufacturing & processing, and distribution sector. While >36 kV air insulated switchgear are used for power transmission over long distances.

The global "Air Insulated Switchgear Market" is expected to grow at a CAGR of 4.68% from 2017 to 2022, to reach a market size of USD 8.41 Billion by 2022. This growth is attributed to growing investments in T&D infrastructure and low capital investment of air insulated switchgear. The report segments the air insulated switchgear market on the basis of installation into indoor and outdoor. The indoor segment is projected to rule the air insulated switchgear market and is anticipated to grow at the fastest rate through the forecast period.

The air insulated switchgear market has been analyzed with respect to six regions, namely, Asia-Pacific, Europe, North America, the Middle East, South America, and Africa. Asia-Pacific is projected to dominate the global air insulated switchgear market by 2022 and is expected to grow at the highest CAGR from 2017 to 2022. This growth is attributed to increasing power generation capacity, rise in T&D expenditure, and presence of manufacturing facilities in the region. China, India, and Southeast Asian countries are driving the air insulated switchgear market in the Asia-Pacific region.

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Target Audience:

• Air insulated switchgear manufacturers, distributors, and suppliers
• Consulting companies in the energy and power sector
• Government and research organizations
• Investors/shareholders
• Environmental research institutes
• Power industry associations
• Manufacturing industry
• Power generation companies
• State utilities and the private players involved in transmission & distribution  

Top Applications:

• Transmission & Distribution
• Manufacturing and Processing
• Infrastructure and Transportation
• Many Others

Leading players in the air insulated switchgear market include ABB (Switzerland), Siemens AG (Germany), Schneider Electric SE (France), General Electric Company (U.S.), and Eaton Corporation PLC (Ireland).

Industrial Plugs & Sockets Market worth 3.60 Billion USD by 2021,at a CAGR of 4.82%.

The global "Industrial Plugs & Sockets Market" is projected to grow at a CAGR of 4.82% from 2016 to 2021, to reach a market size of USD 3.60 Billion by 2021. This growth is attributed to the growth of the manufacturing sector in South Asian countries and investments in sectors other than oil & gas in the Middle East and North Africa (MENA) region.The report segments the industrial plugs & sockets market on the basis of type into plugs and sockets. The sockets segment is projected to dominate the industrial plugs & sockets market.

The report segments the industrial plugs & sockets market based on end-user into oil & gas, power generation, chemical & pharmaceutical, heavy industry, and other industries. The heavy industry segment is expected to grow at the fastest rate during the forecast period. Heavy industries include metals & mining, construction, food processing, automotive, and textile. The growth of these sectors, particularly food processing, textile, and automotive, will likely drive heavy industry segment. This segment is expected to create new revenue pockets for the industrial plugs & sockets market during the forecast period.

The heavy industry segment is expected to hold the largest share of the industrial plugs & sockets market, by end-user, during the forecast period

The heavy industry segment led the industrial plugs & sockets market in 2015, and is projected to dominate the market during the forecast period. . The heavy industry segment is expected to grow at the fastest rate during the forecast period. This segment is primarily driven by the growth of the automobile, food processing, and textile industries, and is expected to create new revenue pockets for the industrial plugs & sockets market during the forecast period.

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Dustproof & splash-proof to be the fastest growing segment in the industrial plugs & sockets market

With regard to the protection segment, dustproof & splash-proof industrial plugs & sockets are expected to constitute the fastest growing market from 2016 to 2021. These have wide industrial application, unlike water-proof industrial plugs & sockets, which have a limited set of industrial applications.

Asia-Pacific: The leading market for industrial plugs & sockets

In this report, the industrial plugs & sockets market has been analyzed with respect to five regions, namely, North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. Asia-Pacific is expected to dominate the global industrial plugs & sockets market, given the increasing construction and development activities in countries such as India and China.

To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the industrial plugs & sockets market. These players include Legrand SA (France), Amphenol Corporation (U.S.), Mennekes (Germany), and Marechal Electric Company (France). Leading players are trying to penetrate the markets in developing economies, and are adopting various strategies to increase their market share.

Target Audience:

• Industrial plug & socket manufacturing companies
• Oil & gas, chemical, power, sports, and entertainment companies
• Governments and industry associations
• Engineering, procurement, and construction (EPC) companies
• Consulting companies
• Investment banks

Dominated End User:

• Oil & Gas
• Power Generation
• Chemical & Pharmaceutical
• Heavy Industry

Leading players in the industrial plugs & sockets market include Legrand SA (France), Amphenol Corporation (U.S.), Mennekes (Germany), and Marechal Electric Company (France). 

Critical Power and Cooling Market worth USD 25.80 Billion by 2021,at a CAGR of 8.88%.

A growth in digitalization and cloud computing leading to an surge in demand for data centers, increasing demand for improved cooling efficiency in data centers, a need to reduce irregularities in power supply, and regulations and initiatives by institutes and associations are the major aspecs driving the market. The "Critical Power and Cooling Market" is anticipated to grow at a CAGR of 8.88%, from 2016 to 2021, to reach USD 25.80 Billion by 2021.

The commercial sector holds the largest market share of the critical power and cooling market, by end-user. The critical power market, by type, is dominated by the UPS segment, while the air conditioning segment leads the cooling market, by type. Air conditioning units are widely used at data center facilities. They offer precision air conditioning and maintain the equipment at ideal operating temperatures. Thus, the increasing number of data centers is expected to boost the critical power and cooling market, during the forecast period.

The report segments the critical power market, by type, into UPS, generators, and others (converters, inverters, transfer switches, power transfer switching, breaker transfer pairs, generator paralleling breakers, and switch transfer pairs). The cooling solutions market has been segmented, by type, into air conditioning, chilling units, cooling towers, liquid cooling systems, and others (economizer systems, control systems, pumping units, humidifiers, and air coolers).

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The global banking and financial sector is increasing on a large scale with the advent of IT. However, unplanned downtime and IT failure may affect ongoing transactions. Installation of data centers with efficient and reliable power solutions can overcome such failures. This increases the demand for critical power and cooling in the BFSI sector.

Targeted Stakeholders:

• Critical power device manufacturers, dealers, and suppliers
• Consulting companies in the energy and power sector
• Government utility providers
• Private utility providers
• Private customers
• Network operators
• Communication vendors
• Cooling solutions component manufacturers
• National and regional agencies
• Investment banks and private equity firms
• Raw material suppliers
• Government and research organizations

Critical Power, by End-User:

• Industrial
• Commercial
• IT and Telecommunication
• Government and Defense
• Transportation

Some of the Leading Players in the critical power and cooling market include Schneider Electric (France), ABB, Ltd. (Switzerland), General Electric (U.S.), Eaton Corporation (Ireland), Delta Electronics, Inc. (Taiwan), Critical Power Xiamen Kehua Hengsheng, Co. (China), Socomec (France), Falcon Electric, Inc. (U.S.), Daikin Industries, Ltd. (Japan), STULZ GmbH (Germany), Asetek A/S (Denmark), Vertiv, Co. (U.S.), ICS Cool Energy (U.K.), Piller Group GmbH (Germany), Riello Elettronica Group (Italy), Cyber Power Systems (U.S.), AC Power Corp. (PREEN) (Taiwan), Connexa Energy (U.S.), Siemens AG (Germany), SPX Corporation (U.S.), Johnson Controls, Inc. (U.S.), Nortek Air Solutions, LLC (U.S.), Rittal GmbH & Co. KG (Germany), and Airedale International Air Conditioning, Ltd.  (U.K.), among others. 

Smart Meters Market worth 19.98 Billion USD by 2022,at a CAGR of 9.34%.

The "Global Smart Meters Market" is anticipated to grow at a CAGR of 9.34% from 2017 to 2022, to reach a market size of USD 19.98 Billion by 2022. This growth can be accredited to the rising investments in smart grid projects and cumulative upgradation of transmission & distribution infrastructure, government policies, and energy conservation.

The report segments the smart meters market on the basis of technology such as Advanced Metering Infrastructure (AMI), and Automatic Meter Reading (AMR). The AMI are anticipated to constitute the fastest growing market from 2017 to 2022 because AMI reduces labour cost and several power, water, & gas utilities worldwide are replacing AMR with AMI infrastructure, more creating growth opportunities for the AMI market. The U.S. is the largest market for AMI.

Globally, residential application accounted for approximately 84% of the smart meter installations. The demand for smart meters in the residential segment is driven by factors such as a surge in demand for central systems and smart end-users (such as nanotechnologies, energy efficient lighting, electric heat pump, and home control network) appliances.

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Target Audience:

• Electric, water, and gas utilities
• Smart electric, gas, and water manufacturing companies
• Distributed energy generation solution providers
• Smart electric, water, and gas meter vendors
• Government and industry associations
• State and national regulatory authorities
• Distribution grid operators
• Energy regulatory agencies
• Investors and financial community professionals
• State or government-owned corporations

High Scope Regions:

• North America
• South America
• Middle East
• Europe
• Asia-Pacific
• Africa

The smart meters market has been analyzed with respect to six regions, namely, North America, Europe, Asia-Pacific, South America, Middle East, and Africa. Asia-Pacific is anticipated to rule the global smart meters market during the forecast period, owing to the extensive use of these solutions in the commercial, residential, as well as industrial sector.

Important players in the smart meters market include Itron, Inc. (U.S.), Kamstrup A/S (Denmark), Holley Metering, Ltd. (China), Honeywell International, Inc. (U.S.), and Toshiba Corporation (Japan).

3D Concrete Printing Market Size Will Reach USD 56.4 Million by 2021, at CAGR of 15.02%.

With increasing urbanization and industrialization the need for new constructions has increased significantly throughout the world which has played a huge part in providing the necessary momentum to the global 3D concrete printing after the economic slowdown between 2007 and 2009. The recovery of global economy would also boost the demand for this market.

The "3D Concrete Printing Market" size will grow from USD 24.5 Million in 2015 to reach USD 56.4 Million by 2021, at an estimated CAGR of 15.02%. The implementation of 3D concrete printing technologies is an important strategy taken up by many construction companies and regulatory bodies in recent years. The 3D concrete printing market has been growing in accordance with the global construction industry.

The 3D concrete printing market is projected to witness significant growth in the next few years with the increasing demand for new constructions all over the world due to rapid urbanization and industrialization with increased investments in the infrastructural developments in emerging markets. The 3D concrete printing process saves between 30% and 60% of construction waste, can reduce production time by 50% to 70%, and reduce labor costs by 50% to 80%. Growing interest in green construction and the significant savings that 3D concrete printing provide, compared with traditional buildings methods, have increased the demand for this technology.

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Domestic construction segment is projected to be the fastest-growing segment of 3D concrete printing market during the forecast period

3D concrete printing market, by end-use sector, is classified into three segments, namely, domestic construction, industrial construction, and architectural construction. The domestic construction segment accounted for the largest market share in 2015 due to the rising demand in residential and commercial construction, increasing demand for ecofriendly and smart constructions, increased investment in commercial developments, and growing urbanization. 3D concrete printing is transforming the domestic construction segment, with a less expensive process and affordable housing solutions. Lower material usage and lower labor costs create a less expensive construction method, which in turn creates lower-cost buildings.

Use of walls in construction sector is projected to increase during the forecast period

Walls made using 3D concrete printers are capable of creating concrete objects with great detail and precision, making it possible to conveniently construct advanced concrete walls with the push of a button. Moreover, walls that are constructed on-site using 3D concrete printer result in zero waste and are less time consuming. Thus, walls are account for a large share in the construction sector as compared to other product types. 3D concrete printing uses energy-efficient technologies, which has gained increased momentum and exposure in the construction market. Potential advantages of 3D concrete printing include quicker construction, lower labor cost, and lesser waste generation.

Asia-Pacific to play a key role in the 3D concrete printing market

The growth in Asia-Pacific region is driven by factors such as the rising environmental concerns, increasing awareness towards sustainable construction, efforts towards standardization, expanding application segments, increasing urbanized population in China and India, along with the growth in disposable income in these countries are driving the growth of the Asia-Pacific 3D concrete printing market.

At a global level, companies such as DUS Architects (the Netherlands), Fosters+Partners (U.K.), and WinSun Global (China) are providing 3D concrete printing services. Large construction players such as LafargeHolcim (France), Balfour Beatty PLC (U.K.), Kier Group PLC (U.K.), and Carillon PLC (U.K.) have scope to enter into 3D concrete printing services.