Marine Engine Monitoring System Market Worth 656.5 Million USD by 2025

Based on component, the software segment is projected to grow at the highest CAGR during the forecast period.

Based on component, the software segment of the market is projected to grow at the highest CAGR from 2018 to 2025 The growth of the software segment can be attributed to its advantages that include data analysis process and trend analysis. Technologies such as predictive maintenance, dig data analysis, and IoT will add more comprehensive software analysis, which would be adopted in marine engines during the forecast period.

Based on ship type, the commercial segment is estimated to lead the market in 2018.

Based on ship type, the commercial segment is estimated to lead the in 2018 and the naval ships segment of the market is projected to grow at the highest CAGR from 2018 to 2025. The demand for merchant ships to transport commodities worldwide is driving the growth of the commercial ships segment. According to the International Chamber of Shipping (ICS), there are over 50,000 merchant ships that transport cargo internationally. The growth of the naval ships segment can be attributed to the increasing investments in the defense sector in North America and Europe.

Based on engine type, the auxiliary engine segment is expected to witness the highest growth during the forecast period.

Based on engine type, the auxiliary segment is projected to grow at the highest CAGR during the forecast period. The growth of the auxiliary engine segment is primarily driven by the increase in the deliveries of cruise boats, recreational ships, and passenger ships, which require auxiliary engines for electricity generation and power management.

Based on deployment, the remote monitoring segment is expected to witness the highest growth during the forecast period

Based on deployment, the remote monitoring segment of the marine engine monitoring system market is projected to grow at the highest CAGR during the forecast period. The increasing demand for real-time data sharing through IoT sensors is expected to drive the growth of the remote monitoring segment of the marine engine monitoring system market.

The marine engine monitoring system market in Europe is expected to witness the highest growth during the forecast period.

The marine engine monitoring system market in Europe is projected to grow at the highest CAGR from 2018 to 2025 The European shipbuilding industry is involved in the construction of complex naval vessels, such as cruise ships, ferries, mega yachts, submarines, and dredgers (offshore vessels). Moreover, the marine monitoring system industry in Europe offers a wide range of products that include propulsion systems, diesel engines monitoring system, environmental safety systems, cargo handling systems, and related electronics.

Major companies profiled in the marine engine monitoring system market report include ABB (Switzerland), AST Group (UK), CMR Group (France), Caterpillar (US), Cummins (US), Emerson (US), Hyundai Heavy Industries (South Korea), Jason Marine (Singapore), Kongsberg (Norway), MAN Diesel & Turbo (Germany), Mitsubishi Heavy Industries (Japan), NORIS Group (Germany), Rolls Royce (UK), and Wartsila (Finland), among others.

How Upselling In Construction Marketing Can Boost Your Construction Business

Have you noticed whenever you buy a burger, the sales people always try to persuade you to ‘Go Large’, or have ‘extra fries’ etc. Have you also noticed at the checkout of every superstore are racks of things you would not have thought of buying, but as you stand there waiting at the checkout, you suddenly realise all the things you ‘need’! Scary stuff! Real profits come when you get the client to buy a larger, more expensive, or more comprehensive product or service.

This is how it works in the construction industry:

EXAMPLE A: The Remodeler, Home Refurbishment: in the business of building extensions, bathrooms, sun rooms, loft conversions etc. How about suggesting certain enhancements at the point of survey. Or ask them if they had considered extending the work to include the latest whiz bang disposal unit, designed to be 150% more efficient and thus delivering significant cost savings to your client.

EXAMPLE B: The Commercial Contractor: how about offering a Repairs and Maintenance service after the initial defects period following contract completion. This can deliver great benefits for your client because you already know the premises and can operate much more efficiently with the prior knowledge base you already have.

EXAMPLE C: The House Builder: If you are building housing schemes where a number of homes will be rented/leased you could offer and Liaison Officer based on site for the first 6 months after completion, to make sure people are secure in their homes, know where to find everything and are happy. You could offer this service as a free added benefit – this may be the deciding factor that will win you the contract over your competition! Alternatively, if the client/housing association/ local housing authority are intending to employ someone for this job, you could easily extend your business reach by supplying the right person for the job – someone who already knows the property and has proven qualifications to do the job.

EXAMPLE D: The Sub-Contractor: if you work for a number of larger contractors, the way you source the products you use is crucial. It may be that the main contractor already has an approved list of suppliers, but often good relationships can be established with individual Buyers to enable the Subbie to recommend where to source materials at competitive prices. A whole range of complex partnerships can be made to enable commissions to be paid and everyone benefits! Of course, it goes without saying that any deal agreed should be completely transparent and should ultimately benefit the client in terms of cost savings and quality products and services. One wrong move or ‘under the table’ deal can result in lost credibility and trust. So keep everything above board.

EXAMPLE E: The Architect: Design & Build contracts are one obvious root to establish good working relationships with construction professionals on a project team and can be one way architects can ‘up-sell’ their professional skills by working on a partnering basis. Partnered Contracts can be lucrative for all involved, including the client, but they have to be set up correctly to work efficiently. Architects who are willing to get involved at the Pre-Construction phase of a project on a ‘No Pass No Fee’ basis are more likely to keep busy down the line. (‘No Pass’ meaning not getting Planning Approval for a project).

EXAMPLE F: Whatever area of construction you are in, you will have a network of approved professionals you work with. So you will have a lot of bargaining power when soliciting goods and services for your project. Sub-contractors, agents, architects, quantity surveyors, building consultants and merchants will all be part of the mix. This can be an area of healthy growth for your business when approved list suppliers, partners and subsidiaries reciprocate with their own recommendations for your company.

Molding & Millwork Industry Gets a New Lease of Life

A high demand for offsite construction methodology in key commercial sectors such as hospitality, student housing and military has led to a spurt of growth for the manufacturing industry. Industry experts have data to believe that offsite construction is geared up to be redefine existing construction methodology in 2016. It is being generally held that prefab offsite construction will allow a faster schedule, improved quality and controlled costs.

The World Millwork Alliance predicts prefab onsite construction as one of the top trends of 2016. Dodge Data & Analytics’ 2016 Construction Outlook report predicted 6% growth, with the value of construction starts reaching an estimated $712 billion.

Additional industry reports indicate that the shift to prefab offsite construction will lead to a significant rise in the demand for shop drawings for custom architectural millwork. Firms are hopeful that increased investment in offsite construction will generate more business for the manufacturing industry, thereby creating a revival of the architectural millwork design and drafting services. It has also been reported that custom molding and millwork service providers are expanding their range of services and offering a new set of pricing plans to cater to a variety of manufacturers in key sectors. They are upgrading their capability to include millwork services for the Commercial Industry, Institutional Projects, Religious Buildings, Multi-Unit Housing and more.

Simply put, it means that the schedules and timelines of the custom architectural millwork industry are due for a major overhaul. It will be safe to assume the turnarounds will be shorter and standards of quality will be raised higher. To perform within these new schedules and maintain quality, an experienced team of cabinet makers, carpenters, drivers, project managers, estimators, engineers, and administration is non-negotiable. This would create a renewed demand for efficient estimators and project managers. It would also want a steady supply of cabinet makers and carpenters who are trained in industry-specific software.

Keeping these developments in mind, it would be a smart move to identify those architectural millwork companies in the market that have a dependable team for manufacturing, factory finishing and installing custom architectural millwork and casework. As the modes of construction advance, architectural millwork design and drafting becomes more competitive. The challenge lies in finding a team that can blend the charm of old world craftsmanship with the precision of modern technology. As the industry gears up to meet this growing demand, it is hoped that key players in the market will take notice of these emerging trends and make the most of the opportunities.

How To Choose The Best Patio Installer For Your Needs

Spring has finally come, with the opportunity for outdoor parties and gatherings – it’s time to find a patio installer to expand your outdoor living space while enhancing your backyard.

It’s worth starting early… careful planning will take time as you will want to decide on designs and products. Good installers are often booked up in advance and will need to include your new patio into their schedules.

If you’ve decided that a patio would be a welcome addition to your home, your toughest decision may be choosing the right contractor to handle the project. While there are many options to pick from, it’s crucial that you select a contractor who offers the right combination of products, service, and quality. For example, you want to make sure the patio installer you choose has a reputation for doing the job right. Other factors to consider when selecting a contractor include:

Products – Ask what materials are offered for a patio. A pro will provide concrete, brick, stone, and pavers. If you choose pavers, make sure your contractor purchases them from a reputable manufacturer, as inferior pavers will fade and often are not as durable.

Warranties & Guarantees – Ask if the contractor guarantee their work, and if there are warranties on the products (usually pavers) discuss the specifics until you understand them and have both the guarantee and warranty spelled out in writing.

Websites with Portfolios – Top pros have websites that help educate the public about hardscaping issues such as the pros and cons of various materials used for patios. The consummate professionals will as have portfolios for you to peruse to see their work and what different elements look like so that you can make an educated decision regarding your patio.

Professional Organizations & Continued Education – Look for a contractor who belongs to professional organizations such as New Jersey Landscape Contractors Association (NJLCA) that promote professionalism, safety, environmental protection, and education.

Local Knowledge – Many communities have specific codes and restrictions for patio additions-choose a contractor experienced in navigating these restrictions and regulations to create the sort of patio that fulfills your needs and wants.

When choosing a professional to lay your patio, you should take a practical approach before making your decision. Ask straightforward questions and look for some basic support. Here are some helpful hints on what you should ask before your dream garden project begins:

  • Get some different quotes for your project, checking that they include all the products and services you will need. Make sure there are no hidden extras such as soil removal. TIP: Ask how long the project will last.
  • Check how long the company has been laying paving products.
  • Ask for some recent references of completed patio installation and read their online reviews. A reputable contractor will be enthusiastic about showing off recent work. Expect to see photographs and details of recent, similar work that you can visit for a reference. This is usually part of any professional presentation.
  • Ask questions such as if the cost of a dumpster and jointing sand is included?
  • Check if the contractor has the appropriate liability insurance.
  • Ask for a final written quotation from your chosen contractor.
  • A reputable patio installer will not cut corners but work to the highest standard to build a patio that is beautiful and will remain that way for years to come. A true professional will have no problem guaranteeing their work.

Starting with basic research and asking the right questions will help ensure that you choose a trustworthy and reliable contractor. Stories about unlicensed and even licensed contractors facing fines and imprisonment for shoddy work and fraud have consumers on edge about adding a patio. You want your patio and garden project to be completed to the highest standard; something you, your family and friends can enjoy for many years to come.

Anyone with a pad and pencil can design a patio-remember building the proper foundation, drainage and beautifully laying paving products is a skill and an art. A professional patio installer in can recommend colors, complementary products, suitable laying patterns and lots more, so it is well worth investing in a reputable one – remember to ask to see their portfolios. They will listen and asks questions until they fully understand their customer’s needs and wants. The master patio builder will then enhance their client’s visions as they design their patio that matches their customer’s desires.