Market Highlights
The new research report by Market Research Future (MRFR) emphasizes that the global architectural services market 2020 is poised to secure a significant market valuation at a moderate CAGR over the assessment period.
Drivers and Restraints
The increasing implementation of construction projects drives the global architectural services market. Moreover, the rapidly increasing population of which a majority is in urban areas has resulted in increasing demand for smart infrastructure and well-designed, functional spaces. The market is also driven primarily due to the growing imposition of stringent regulations regarding building design and efficiency. The global construction sector is observing rapid growth with emerging economies notably. Residential buildings are estimated to increase in number due to increasing urbanization in emerging economies where purchasing power is rising, resulting in the demand for residential spaces. Improving the implementation of smart cities, efficient public transport systems, and augmented investments from the government in apprising infrastructure to make it more efficient are some other important factors driving the growth of the global architectural services market size over the review period.
Segmentation:
The global architectural services market growth has been analyzed on the basis of service type, end-user, and region.
Services accessible in the market have been segmented into interior design services, urban planning services, construction & project management services, architectural advisory services, engineering services, and others. The urban planning services segment is slated to record the highest growth over the review period, driven by the growing deployment and integration of smart city infrastructure.
End-users of architectural services have been largely segmented into hospitality, education, government, residential, healthcare, industrial, retail, and others. The residential segment is projected to witness the highest demand driven by the increasing global population, along with the growing awareness regarding smart homes.
Regional Overview
The geographical overview of the global architectural services market has been conducted in four major regions, namely the Asia Pacific, North America, Europe, and the rest of the world (including Latin America and the Middle East and Africa).
The North American market for architectural services is one of the most important regional markets over the globe and is expected to witness substantial growth over the review period. The increasing government expenditure on maintenance and planning efficient infrastructure is another significant driver of the market.
Europe is also a well-developed sector with a relative growth trajectory. The government authorities in Europe are expected to strict regulations regarding building design and efficiency, consequently driving the architectural services market over the review period.
The Asia Pacific region is also one of the fastest-growing markets for architectural services, driven by the booming construction sector along with the increasing focus of government towards infrastructural development and urban planning. The growing adoption of smart cities and the demand for energy efficiency have encouraged the use of architectural services. Additionally, the middle class in this region is growing, and there is an upsurge in the purchasing power, which has led to the augmented demand for residential houses and buildings, consequently supporting the market growth over the assessment period. The region is anticipated to yield numerous opportunities for the market in the coming years as global market players increasingly attempt to establish themselves in the APAC.
Competitive Landscape
The top market players identified by MRFR in the global architectural services market are Stantec, Perkins & Will, HKS, INC., HDR Architecture, Perkins Eastman, PCL Constructors Inc., HOK, Aedas, Gensler, Nikken Sekkei, IBI Group Inc., DP Architects, HOCHTIEF AG, Jacobs, Foster & Partners Limited, AECOM, and others.
Browse Complete Report @ https://www.marketresearchfuture.com/reports/architectural-services-market-6586
The global fire alarm and detection market size is expected to reach USD 75.3 billion by 2027, expanding at a CAGR of 8.5% over the forecast period, according to a study conducted by Radiant Insights, Inc. Increasing awareness towards the safety and security of assets across the globe is expected to offer significant opportunities for technological innovations in the market.
Moreover, stringent government regulations and mandates regarding workplace safety, and increasing demand for state-of-the-art fire alarm & detection system is expected to fuel the market.
Download Free Sample Report @ https://www.radiantinsights.com/research/fire-alarm-market/request-sample The need for upgrading the existing alarm and detection systems to advanced one and consequently complying with the stringent regulation will drive the market.
For instance, Legislative requirements from different countries including the National Fire Protection Association, USA, and Building Code of Australia have mandated the installation of fire detection devices, thereby boosting the demand for these devices.
North America dominated the market in 2019 and is expected to continue its dominance over the foreseen years.
Growing industrialization and urbanization in emerging markets such as India, China, and Japan is expected to accelerate infrastructure spending including mass transportation such as airport security, including intelligent transportation systems across these regions is estimated to offer lucrative growth opportunities for the industry.
The global vibration monitoring market size is anticipated to reach USD 3,574.3 million by 2026 according to a new research published by Polaris Market Research.
The report “Vibration Monitoring Market Analysis Report By Component (Hardware, Software, Services); By Monitoring Process (Online, Portable); By End-User (Automotive, Chemical, Aerospace and Defense, Food and Beverages, Construction, Mining, Oil and Gas, Others); By Regions: Market Size & Segment Forecast, 2019 – 2026” provides a complete analysis of present market trends and future insights.In 2018, the hardware segment accounted for the highest market share in terms of revenue.
North America is expected to be the leading contributor to the global Vibration Monitoring market revenue in 2018.
The increasing modernization of factory equipment, and stringent regulations regarding energy efficiency and workforce safety majorly drive the market growth.The growing adoption of IoT, cloud-based technologies, and machine learning further supports the growth of the market.
The growing need to streamline operations for improving productivity and safety, while reducing maintenance time and cost would increase the adoption of vibration monitoring systems during the forecast period.
Other driving factors include technological advancements, increasing adoption of smart factories, growing adoption of embedded systems, and increasing demand from emerging economies.Get Sample PDF @ https://www.polarismarketresearch.com/industry-analysis/vibration-monitoring-market/request-for-sampleNorth America generated the highest market share in the Vibration Monitoring industry in terms of revenue in 2018, and is expected to lead the global market throughout the forecast period.
Market OverviewThe Global Super Absorbent Polymer Market size is projected to expand at a noticeable CAGR from 2016 to 2023 (forecast period), according to a report by Market Research Future (MRFR).
But high costs of raw materials can hamper market growth.Industry NewsFarm slurries are used as fertilizers to improve soil quality and increase water retention to culminate in high yields.
By type, the market is divided into sodium polyacrylate, polyacrylamide copolymer, and others.
Sodium polyacrylate and polyacrylamide copolymer segments are anticipated to accumulate sufficient revenue by the end of the forecast period.Major end-use industries include food packaging, building & construction, agriculture, personal care, and others.
Easy availability of resources and skilled personnel are factors expected to supplement market growth.The North America market growth is predicted an upward trajectory due to the booming personal care sector in Canada and the U.S. Rise of the elderly population and demand for adult incontinence products in nursing homes and retirement communities can drive market demand.
Focus on hygiene, increased healthcare budget, and increasing use of sanitary products are factors anticipated to spur the market.The Europe market is the third largest market after APAC and North America.
In recent years, global phenomena have changed about Kitchen, as this reflects style and personality.
Worldwide, with shrinking homes and surging modernization, modular kitchen have become basic necessity of every house nowadays.
Besides, in recent times, developing countries India, China, Thailand, and Brazil's purchasing power have surged with developed countries that tend to give lucrative opportunities in the global modular kitchen market.
It also has one major advantage over the traditional kitchen of having flexible features such as replacing single units instead of the entire system in case of repairing.
The World over the Market for Modular Kitchen was worth US$ 20.7 Billion in 2020.COVID-19 impact on Modular Kitchen IndustryThe ongoing COVID-19 pandemic has seen inconsistent growth in this industry.
As such, we have seen a decline in the products like furniture fixtures, home and kitchen décor.
Like the influential forces of technology, other factors, such as an increase in the comfort threshold of people, purchasing power of people, and availability of proper equipment are casting an impact on the global market of wearable computing.Market Research Future (MRFR), in its newest “Wearable Computing Market” report, states that the global market of wearable computing is expected to strike 15% CAGR between 2017 and 2023.
The greater convenience offered by wearable computing tools in almost every activity is expected to spur the global market growth.
In the recent world, where people are aspiring for a healthy lifestyle amidst their hectic work schedule, they need devices that are portable and can easily record their activities.
Smart garments are fabricated with silver-coated fibres.
It acts as a sensor and streams real-time data to a smartphone.
Head-mounted displays are wearable computing gadgets that deliver information straight into the eyes.
