Top 5 Trends in the Electronics Industry

Since the time the “electronic revolution” hit the telecommunication industry, the competition in the field has exponentially increased leading to furious investment and innovation, helping to give rise to the digital economy. The digital economy supported the development of many electronic appliances such as smart phones, watches, TVs, refrigerators, security systems, and of course, environmentally friendly electric vehicles.

Topics: Consumer Electronics Manufacturing & Construction Heavy Industry Industry Insights

Global Intelligent Lighting Controls Market Forecast

The global intelligent lighting controls market is estimated to reach $36 billion by 2023, growing at a CAGR of 10.2% from 2017 to 2023, according to the market intelligence report Global Intelligent Lighting Controls Market by BIS Research.

Emerging technologies have accelerated the usage of intelligent lighting controls in various end use applications. The market is further being driven by the increasing smart homes market along with customization benefits and the continuously decreasing average selling price (ASP) of LED bulbs.

Topics: Heavy Industry Manufacturing & Construction

Global Construction Equipment Market to Recover in 2017

The construction equipment industry is a classic cyclical market, with pronounced ups and downs and the potential for significant year-to-year swings in demand. But even this pattern has been disrupted over the last eight years or so as the industry has struggled to come to terms with the immediate aftermath of the global financial crisis.

Topics: Manufacturing & Construction Industry Insights

3 Trends in US Engineering Services Industry Indicators

Over the past few years, trends in three key indicators have taken hold of some of the larger markets for engineering services. These are:

  • dynamic changes in natural gas and crude oil prices
  • a surge in spending on nonresidential building construction
  • an uptick in the retirement of coal-fired power plant capacity

The direction these indicators take going forward may significantly influence demand for engineering services in their associated market segments.

Topics: Heavy Industry Manufacturing & Construction Industry Insights The Freedonia Group

Boral’s Acquisition of Headwaters Shows Interest in Construction Projects

One of the few things both political parties agreed on during the recent US presidential election campaign was the need to rebuild the nation’s transportation infrastructure. Not only are many of the nation’s roads and bridges in need of repair, if not outright replacement, but this surge in construction activity would generate high-paying jobs. 

The election of Donald Trump as the 45th US President has spurred interest in large-scale public works projects, especially with his call for a national infrastructure bank. While some parts of his plan remain controversial — and details on how to pay for it remain murky — many businesses are betting that there will be an increase in US construction activity. 

Topics: Manufacturing & Construction Industry Insights The Freedonia Group

Cool Roofs Are Expected to Gain Popularity Across the US

Owners and tenants of commercial properties usually only think about their roofs when there is a leak that needs repairing. However, many are discovering that their choice in roofing materials can help them save on their bottom line. 

“Cool roofing” products help reduce energy consumption and lower utility bills — important considerations for all business owners. Materials are classified as “cool roofing” if they reflect a significant amount of sunlight off of a roof surface while also absorbing solar radiation. By doing so, cool roofs prevent heat from being transferred to the interior of the building, causing less strain on air conditioning and keeping cooling costs at a manageable level.

Topics: Manufacturing & Construction Heavy Industry The Freedonia Group Industry Insights

The Kigali Accord Leaves Refrigerant Manufacturers in the Cold

This month’s passing of the Kigali Accord marks a significant milestone in the development of the global HVAC/R industry. Signed by nearly 200 Montreal Protocol countries, the Kigali Accord represents a global commitment to combat climate change and, if successful, will result in the reduction of the equivalent of 70 billion tons of carbon dioxide between 2020 and 2050.

By singling out one type of refrigerant, hydrofluorocarbons (HFCs), the Kigali Accord also presents a substantial challenge to both HVAC/R equipment manufacturers and users. 

Topics: Heavy Industry Manufacturing & Construction The Freedonia Group Industry Insights

Eco-Friendly Products in the Commercial Window and Door Industry

Design trends in nonresidential buildings are increasingly making energy efficiency and environmental friendliness a priority. In few markets is this more evident than in the commercial window and door market. 

How is the commercial market different from the residential market?

The residential market is more directly impacted by energy standards, such as those of the ENERGY STAR program. These are regularly updated and often come with federal tax breaks for homeowners. Additionally, homeowners immediately benefit from the energy bill savings and more comfortable indoor environments associated with efficient windows and doors. 

Topics: Heavy Industry Materials & Chemicals Industry Insights The Freedonia Group Manufacturing & Construction

Shaw Acquisition Highlights Rising Demand for WPC Flooring

The recent announcement from Shaw Industries that it intends to acquire USFloors demonstrates the increasing demand for wood-plastic composite (WPC) flooring in the US.

WPC flooring — which consists of luxury vinyl tile (LVT) with a WPC core that serves as a backing — was introduced to the US by USFloors in 2013. This flooring’s attractive appearance and durability caused it to quickly gain acceptance among interior designers and homeowners. Seeking to capitalize on its popularity, several other hard surface flooring manufacturers developed their own lines of WPC flooring. 

Topics: Heavy Industry Materials & Chemicals The Freedonia Group Industry Insights Manufacturing & Construction House & Home

Material Trends in North American Remodeling Activity Begin to Favor Niche Products

Homeowners are remodeling again. They are on the lookout for products that compete with traditional high-end materials but come with a mid-range price tag. The underlying strength of the US housing market and the rising valuations of people’s homes are supporting robust activity in residential improvement, repair and remodeling.

This fact is underscored by the recent earnings of several big-box/DIY retail chains like Lowe’s and Home Depot. Home Depot reported in August that comparable (same store) sales rose by 4.7% in Q2 2016 over the same period in 2015 [1], and Lowe’s reported a similar 4.0% rise for its Q2 same store sales over 2015 [2]. Both stores expect full-year same store sales growth for 2016 to range between 4.4% and 4.9% as compared to the latest US Federal Reserve estimate of 2016 growth of approximately 2.0% [3]. Home Depot’s CEO, Craig Menear, specifically called out generally rising home valuations as the basis for his company’s optimism going forward regarding sales growth and overall residential renovation spending.

Topics: Materials & Chemicals Manufacturing & Construction House & Home The Freedonia Group Industry Insights Heavy Industry