The global personal service robotics market is expected to reach $35 Billion by the end of 2022 with 38% CAGR during forecast period 2016-2022. The demand for personal service robots is also boosted by high disposable income and the need for convenience in developed countries.
The worldwide industrial internet of things market is speculated to value $751.3 million, flourishing at a promising CAGR of 23.88% by the end of 2023. The advent of technologies like machine learning, robotics, artificial intelligence, and data analytics is estimated to be the most significant factor driving the global industrial internet of things market 2020.
The surge in industrial activity across major economies drives the demand for architectural hardware such as lever handles, door guards, and security locks, thereby boosting the growth of the architectural hardware market. Valued at $15.9 Billion in 2018, and is projected to reach $23.2 Billion by 2026.
In this bond review, Durig takes a look at a company which serves banks and retailers alike around the globe. Diebold Nixdorf (NYSE:DBD) has a full service suite of back office services, including software and hardware solutions for both banking and retail industries. With the release of its fourth quarter results, it appears as if the company is making progress towards its goals. A few highlights include:
For this week’s bond review, Durig looks at an issuer that provides services to banks and retailers around the world. Diebold Nixdorf (NYSE:DBD) provides end-to-end services, software and hardware for the banking and retail industries. Diebold has spent all of 2019 implementing its DN Now program, designed to increase efficiencies, decrease costs, and improve margins. With the release of its third quarter results, it appears as if the company is making progress towards these goals (see bullets above).
According to the latest report by IMARC Group, the global smart lighting market size reached $7.9 billion in 2018. Smart lighting is an energy-efficient lighting solution with power-saving features and automated controls for smooth operations. This technology enables the user to change the light intensity depending on parameters such as occupancy or daylight availability.
The self-healing grid market is estimated to grow at a CAGR of 9.07%, from 2017 to 2022, to reach a projected value of $2.66 billion by 2022. A self healing grid is a combination of sensors, automated controls, and advanced software that helps in reducing the occurrence of power outages by identifying faults and taking necessary action. A self-healing grid also utilizes real-time distribution data to identify the fault and isolate the fault area, thus, increasing grid reliability. Modernization of aging grid infrastructure is one of the major opportunities for the self-healing grid market.
To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the key players in the self-healing grid market. These include ABB (Switzerland), Siemens (Germany), GE (US), Eaton (Ireland), and Schneider Electric (France). The leading players are trying to establish themselves in the markets in developing economies and are adopting various strategies to increase their market shares.
Asia Pacific is expected to be the fastest-growing market for self-healing grid from 2017 to 2022. The growing focus on modernizing the grid, mostly in China and Japan, along with increasing government initiatives in the deployment of new communication technologies in the grid, has led to a growth in the demand for self-healing grid. China and Japan are expected to be the two largest markets for self-healing grid in the region in 2017. Government support for reliable power supply through minimizing the power outage in both countries will drive the self-healing grid market. Moreover, the market is also expected to grow significantly in countries such as India and South Korea during the forecast period. Factors such as enhancing the ability to optimize the energy allocation in the distribution network and integration of new power generation capacity from renewable energy resources are driving the self-healing grid market in India and South Korea.
Public utility is expected to be the fastest-growing segment of the self-healing grid market from 2017 to 2022, owing to the significant efforts being made by the government to extend the services of public utilities. The grants by the governments will help in modernizing the grid. This will boost the market for self-healing grid. North America and Asia Pacific are the fastest-growing markets for public utility and offer various business opportunities for self-healing grid solution providers in the public utilities segment. Major European companies such as ABB (Switzerland) and Eaton (Ireland) are involved in providing complete self-healing grid solutions. In Asia Pacific, governments are focusing on increasing the contribution of renewable energy sources to meet the domestic electricity demand. This will increase the grid complexity, thereby driving the market of self-healing grid, which helps to minimize the grid complexity.
The hardware sub-segment is expected to be the fastest-growing market, by component, from 2017 to 2022. These hardware devices include both sensing as well as communication devices, which are an integral part of the distribution network helping to mitigate the losses occurring from power outage. The increasing deployment of hardware component in self-healing grid will drive the hardware segment.
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A tool box is also known as a tool chest, tool kit or workbox. It is used to store and carry hardware or electrical tools. The contents of tool boxes are likely to vary according to the needs of the owner. Tool boxes are mostly made of metal or plastic. Small tool boxes with handles are used as potable tool storage. Tool boxes with compartments help organize smaller parts and accessories.