Press release
Integration of the Internet of Things (IoT) in Cycling Power Meter Components Trending the Global Market
The global cycling power meter market is projected to have a good future in the coming years, but is expected to grow at a sluggish rate. The slow growth is the result of slow awareness of bicycles with power meters in the market. People are adopting healthier lifestyles, which has turned out to be a major driver behind the growth of the cycling power meter market. Further details of the global market are revealed in a new research report by Persistence Market Research titled ‘Cycling Power Meter Market: Global Industry Analysis 2013– 2017 and Forecast 2018–2026’. The report forecasts the global bicycle accessories market to grow at a healthy rate over the forecast period owing to the significant increase in the global demand for bicycles, with sales expected to increase by almost 20%. Furthermore, sales are supported by stable demand in APAC and Europe and continued but slower growth in emerging markets, especially China. This has contributed to the growth in revenue of the cycling power meter market, which is expected to grow at a CAGR of 3.7% during the forecast period, reaching a market value of over US$ 780 Mn by the end of 2026.Request For Report Sample@ https://www.persistencemarketresearch.com/samples/13813
Shift Towards Eco-Friendly Lifestyle Primary Revenue Driver
Along with health consciousness, there is also a shift towards convenience. The traffic congestion in highly populated countries has become a serious issue, which makes people look for easier modes of transport. The pollution caused due to the emission from fuel-driven vehicles has increased to a never before high level in the recent past. Meanwhile, this has been capitalized as an opportunity for green solutions providers and manufacturers. Bicycle manufacturers and power meters providers can exploit these conditions as an opportunity to expand and increase their business. The eco-friendly mode of transport with bicycle as a medium has already gained popularity and is a prominent trend in European countries such as Denmark, The Netherlands, and London. The government is also moving in the same direction and has implemented stringent regulations on vehicle emissions.
These conditions have resulted in some new trends such as introduction of bicycles in the corporate sector. In regions like North America and Europe, offices and corporate sectors have been using bicycles and electric vehicles as modes of transport inside their campuses and it is mandatory that every employee should follow this in order to improve the air quality and decrease the pollution index inside the companies. These factors are boosting revenue growth of the global market for cycling power meters.
Request For Report Table of Content (TOC)@ https://www.persistencemarketresearch.com/market-research/cycling-power-meter-market/toc
What’s Trending the Global Market?
Wireless communication facilities is the new trend in the cycling power meter market. Deployment of advance satellite systems and improvements in networks is creating better wireless communication facilities in the cycling power meter market. This has significantly rendered the meters efficient and reduced the burden of wires and connection related infrastructure. The bicycle industry is also adopting the trend of wireless technologies resulting in more sophistication in cycle accessories. Many companies are offering simplified power meters with wireless sensors and controllers. These may demand higher component costs but significantly reduce the cost involved in wiring layups. This also includes integration of the Internet of Things, which facilitates terminals with intelligent operations of various components and systems that are interconnected. IoT offers the next level of automation by setting up interactive systems between different sensors and cycling systems and enables self-detection and switching off of the components.
ABOUT US:
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
CONTACT:
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Integration of the Internet of Things (IoT) in Cycling Power Meter Components Trending the Global Market here
News-ID: 1355206 • Views: …
More Releases from Persistence Market Research

Medical Devices Packaging Market Projected at US$ 41.57 Billion by 2032
The global healthcare industry has been evolving at a rapid pace with technological advancements, increased healthcare spending, and the rising prevalence of chronic diseases. As medical devices become more sophisticated, the demand for secure, reliable, and innovative packaging solutions continues to grow. Medical device packaging plays a vital role not only in protecting sensitive equipment from physical and environmental damage but also in maintaining sterility, ensuring compliance with regulatory standards,…

Wind Power Converter Market Projected to Grow from US$25.8 Billion in 2025 to US …
The global energy landscape is undergoing a significant transformation, with renewable energy sources taking center stage. Among these, wind energy stands out as a pivotal contributor to sustainable power generation. Central to the efficient harnessing of wind energy are wind power converters, which play a crucial role in converting the variable output of wind turbines into stable, grid-compatible electricity. This article delves into the dynamics of the wind power converter…

Conformal Coating in Electronics Market to Grow from US$5.2 Billion in 2025 to U …
Conformal coating is a critical process in the electronics industry, providing essential protection to electronic components and printed circuit boards (PCBs). This protective layer ensures the longevity and reliability of electronic devices by shielding them from environmental factors such as moisture, dust, chemicals, and temperature fluctuations. As the demand for miniaturized and high-performance electronics continues to rise, the role of conformal coatings becomes increasingly significant Conformal coating refers to a…

Polyurethane Catalyst Market to Reach US$ 3.96 Billion by 2032 Driving Growth, S …
Polyurethane (PU) catalysts are specialized chemicals that play a critical role in the production of polyurethane materials. These catalysts accelerate and control the chemical reaction between polyols and isocyanates, which form polyurethane products. Polyurethanes are versatile materials used in flexible and rigid foams, coatings, adhesives, sealants, elastomers, textiles, and other applications. The performance of polyurethane products heavily depends on the type and efficiency of the catalyst used in their production.
According…
More Releases for Power
Thermal power Market is Gaining Momentum with Enel, TATA Power, Reliance Power
The Latest Released Thermal power market study has evaluated the future growth potential of Thermal power market and provides information and useful stats on market structure and size. The report is intended to provide market intelligence and strategic insights to help decision-makers take sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report also identifies and analyses changing dynamics, and emerging trends along with essential drivers, challenges,…
Japan Power Market Outlook to 2030, Update 2018 – The Kansai Electric Power, C …
Japan Power Market
This report elaborates Japan's power market structure and provides historical and forecast numbers for capacity, generation, and consumption up to 2030. Detailed analysis of the Japanese power market's regulatory structure, import and export trends, competitive landscape, and power projects at various stages of the supply chain is provided. The report also gives a snapshot of the power sector in Japan on broad parameters of macroeconomics, supply security, generation…
Global Power Rental Market Insight Report 2018 - Rental Power Solutions, Power E …
The global "Power Rental" Market research report gives point to point breakdown along with the data of Power Rental market’s analytical study, regional analysis, growth factors and leading companies. The research report about the market provides the data about the aspects which drive the expansion of Power Rental industry. The Power Rental market consists of large key companies who play a vital role in the production, manufacturing, sales and distribution…
Japan: Geothermal Power Market Power Plants, Regulations and Company Profiles 20 …
"Geothermal Power in Japan, Market Outlook to 2030, Update 2018-Capacity, Generation, Power Plants, Regulations and Company Profiles", is the latest report from Publisher, the industry analysis specialists that offer comprehensive information and understanding of the Geothermal market in Japan.
The report provides an in-depth analysis on global renewable power market and global Geothermal market with forecasts up to 2030. The report analyzes the power market scenario in Japan (includes conventional Hydro,…
Fluid Power Systems Market SWOT Analysis by Key Players: Parker, Eaton, Tokyo Ke …
QY Research has lately published a new report on “Global Fluid Power Systems Market: Industrial Chain Market Insights, Growth Trends and Competitive Analysis 2025,” for the forecasted period 8-years, i.e. between 2017 and 2025.
The Fluid Power Systems market was valued at Million US$ in 2017 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period. In this study, 2017 has been considered…
New research on Medical Power Supply Market To 2022 Profiling SL Power Electroni …
This Global Medical Power Supply market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this…