New York, NY -- (SBWIRE) -- 06/12/2017 -- Global Inductive Loop Vehicle Detector Market: Market Dynamics
Ongoing urbanization and improving urban infrastructure especially in developing countries are expected to generate healthy demand for inductive loop vehicle detector, as improving infrastructure will result in improved traffic management, parking management and security gates. The market is expected to witness robust demand from the traffic management application over the forecast period. The weather-independent structure of inductive loop vehicle detector is another factor resulting in increased adoption of this system.
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Furthermore, regions such as North America and Europe have a higher adoption rate of novel technologies, thus end-users readily install such technologies at locations such as commercial places, paid parking and drive-thru restaurants. Lower cost of the system and higher reliability are the factors that significantly impact the growth of the market.
On the other side, availability of alternate products for the same functionality may affect the growth of the inductive loop vehicle detector market inversely. Moreover, problems associated with installation and maintenance of the system are also certain aspects hampering growth of the market.
Global Inductive Loop Vehicle Detector Market: Market Participants
Examples of some of the market participants identified in the global inductive loop vehicle detector market are: Marsh Products, Inc., Nortech Access Control Ltd, SWARCO AG, PROCON, Reno A&E, Gate Drive Solutions Ltd., Omnitec Group, Gate Depot, Diamond Traffic Products, Ampetronic Ltd.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
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Global Inductive Loop Vehicle Detector Market: Region-wise Outlook
North America is expected to be a prominent market for inductive loop vehicle detectors, with high fresh and replacement demands. Europe is estimated to be the next bigger market followed by North America, for inductive loop vehicle detector. However, over the forecast period Asia Pacific is expected to hold a larger market share in the global inductive loop vehicle detectors market owing to high demand from countries such as China, Japan and India. China is expected to maintain significant importance in the market as it facilitates lower production cost. Market in Latin America and Middle East & Africa is expected to witness steady growth in sales over the forecast period.
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