Global Metal Silos Market for Bulk Storage 2019-2023| Increasing Need for Real-Time Monitoring of Grains to Promote Growth| Technavio

January 6, 2019

LONDON--(BUSINESS WIRE)--Jan 6, 2019--The global metal silos market for bulk storage is expected to post a CAGR of over 3% during the period 2019-2023, according to the latest market research report by .

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190106005071/en/

Technavio predicts the global metal silos market for bulk storage to post a CAGR of over 3% by 2023. (Graphic: Business Wire)

A key factor driving the growth of the market is the growth of the construction industry. The growth of the construction industry is one of the key drivers for the global metal silos market for bulk storage as the storage of cement is a major application of silos. Factors such as rapid urbanization and economic developments have increased the need for residential and commercial buildings during the past decade and it is expected to grow during the forecast period.

This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the increasing need for real-time monitoring of grains as one of the key emerging trends in the global metal silos market for bulk storage:

Global metal silos market for bulk storage: Increasing need for real-time monitoring of grains

End-users such as farmers, farming organizations. and others need to ensure the safety of grains stored in the grain-storage silos. This increases the need for real-time monitoring systems in the grain storage silos as these systems will helps end-users to monitor grain conditions frequently, thus improving storage optimization and prevent loss.

“Manufacturers of grain storage silos are also concentrating on installing improved features in their grain storage silos. The need for real-time monitoring of crops encourages manufacturers to partner with other technology providers to install monitoring systems in the grain-storage silo. The grain monitoring systems help to remotely monitor and manage real-time conditions of stored grain in storage silos. As most of the vendors face several challenges in monitoring the grains in real time, this innovation will be a key driver for the market in the future,” says a senior analyst at Technavio for research on agricultural equipment.

Global metal silos market for bulk storage: Segmentation analysis

This market research report segments the global metal silos market for bulk storage by the application (agriculture and industrial) and geographical regions (APAC, EMEA, and the Americas).

The agriculture segment held the largest market share in 2018, accounting for over 70% of the market. This application segment is expected to dominate the global market throughout the forecast period.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at .

View source version on businesswire.com:https://www.businesswire.com/news/home/20190106005071/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200




SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 01/06/2019 03:26 AM/DISC: 01/06/2019 03:26 AM


Update hourly