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marketanalysisdata · 2 years
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Battery Management System Market Geographic Segmentation, Research by Regions and Analysis to 2025
24th January 2022 – The global Battery Management System Market size is expected to value at USD 11.17 billion by 2025. The battery management system industry is subject to witness a substantial growth due to the growing industrialization, mainly in manufacturing industry, and rise in need for high performance electronic devices. Additionally, current trend of renewable energy generation & management, which is driven by the rising concerns related to climate change around the globe, is expected to positively affect market growth over the next seven years. Reduction in the cost of solar photovoltaic cells coupled with favorable government incentives and decline in cost of batteries are likely to increase the renewable energy generation, thus propelling market demand for smart battery management system. Globally, the battery management system (BMS) market is predicted to grow at higher CAGR in the forecast period, providing numerous opportunities for market players to invest for research and development in the battery management system.
Battery management system as a part of power management IC system saw growing popularity in the recent years, owing to the ever-growing demand for small-sized and cost-effective electronic batteries with a longer life span. Furthermore, efficiency of battery management system has given more focus to achieve required portability in various industrial applications. Subsequently, growing investment for research & development in smart battery management technologies by multiple market players are driving the market growth in forecast period.
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Battery management plays a major role in application of modern electronics. Smart battery management systems are vital to achieve required portability for electronic devices that essentially operate on batteries. With the help of smart management and analysis of power needs for electronic devices enables reduction in energy consummation. This offers advantages such as higher efficiency and longer life span of battery.
Introduction of Hybrid Electric Vehicles (HEV) and rising demand for the BMS system to power these vehicles are expected to spur market growth over the projected period. Furthermore, development of advanced Kyoto protocol that helps to limit greenhouse gas emissions is projected to boost the market demand for Hybrid Electric Vehicles (HEV) over the forecast period. Strict laws & regulations in regards to carbon emissions has led high-end demand for the start-stop technology. In addition, rise in number of incentives for manufactures of Hybrid Electric Vehicles (HEV) by public and private investors, which in-turn driving market penetration of HEVs, are predicted to stimulate market growth as well.
The battery management system industry is broadly categorized into four major segments based on the application type such as automotive sector, consumer electronics, energy & power industry, and defense sector. The automotive sector is considered as one of the faster growing segment in the battery management systems market with substantial revenue generation in the last few years. Growing popularity of the automotive sector segment is attributed to the rise in number of vehicles with rechargeable batteries such as EVs, hybrid electric vehicles, and plug-in hybrid vehicles. The energy & power industry segment has also witnessed substantial growth owing to the latest trend of renewable energy generation and management.
The battery management system (BMS) industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in the automotive sector, consumer electronics, and energy & power industry, increase in the number of research & development activities in the region, and existence of well-established industrial infrastructure. Asia-Pacific region is predicted to hold major market share in the battery management system market with massive growth in forecast period.
Countries such as India, China and Singapore are leading the Asia-Pacific market with shifting trends towards adoption of renewable energy generation, strong economic growth in the region, rapid growth of automotive industry, favorable laws & regulations, and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the battery management systems industry are Johnson Matthey plc, Nuvation Engineering Co., Valence Technology, Inc., and Linear Technology Co.
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marketanalysisdata · 2 years
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Fat Replacers Market Product Analysis, Share by Types and Region till 2025
24th January 2022 – The global Fat Replacers Market size is expected to value at USD 2.79 billion by 2025. The market is subject to witness a substantial growth due to the increasing demand for low-calorie dietary products and advanced food ingredients. Rising personal disposable income and growing product penetration across the globe is predicted to drive the growth of fat replacers industry during the forecast period. Increasing demand from food & beverage industry, recent technological advancement in manufacturing methodologies, and growing influence of latest health & wellness trends are complementing market growth of fat replacers, in the recent years. Globally, the fat replacers market is predicted to grow at CAGR of 6.2% in the forecast period, providing numerous opportunities for market players to invest for research and development in the fat replacers industry.
Growing consumer base and increasing per capita income among individuals, and improved products quality are some of the key factors driving market growth over the forecast period. Moreover, strict laws and regulation regarding manufacturing processes, excessive consummation of high-calorie food products, changing lifestyle patterns, and growing health concerns are driving market progress. Increasing adoption in dairy and bakery products, and robust growth of beverage industry is anticipated to augment market expansion in the upcoming years.
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Changing food patterns and increasing demand for packaged and processed foods that offer convenience and safety are bolstering overall market value for fat replacers. Addition of fat replacers in the global food supply chain to meet the nutritional requirement and improve life span of the product, are positively affecting the market performance of fat replacers. Other factors such as high penetration of organized retail sector in urban as well as rural areas on global scale is augmenting the market growth, in recent years.
The fat replacer market is broadly categorized into three major segments based on the product type such as carbohydrate-based fat replacers, protein-based fat replacers, and lipid based fat replacers. The carbohydrate-based fat replacers is considered as one of the fastest growing segment in the market with substantial revenue generation in the last few years. Growing popularity of the carbohydrate-based fat replacers segment is attributed to the rise in the number of application in frozen desserts & meat and baked goods. The protein-based fat replacers segment has also witnessed substantial growth owing to the extensive use in the dairy beverages and frozen desserts.
The fat replacers industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in food & beverages industry, changing food habits, and existence of well-established manufacturing infrastructure. Asia-Pacific region is predicted to hold major market share in the fat replacers market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with rising personal disposable income, increasing consummation of confectioneries and dietary processed food products, ever-growing population and significant investment by leading industry players considering potential growth opportunities in the region.
The key players in the fat replacer industry are Cargill Inc., FMC Co., Archer Daniels Midland Company, Inc., Ashland Global Holdings, Inc., Kerry Group plc, DKS Co., Ltd., and Agritech Worldwide Inc.
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marketanalysisdata · 2 years
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Environmental Health And Safety (EHS) Market Research 2025 Growth factors & Expected CAGR Of Top Leaders
21st January 2022 – The global Environmental Health and Safety Market is estimated to touch US$ 96.18 billion by the completion of the prediction period. The market was appreciated at US$ 49.8 billion in the year 2015. It estimated to develop at a substantial CAGR for the duration of the prediction. The growing amount of rules enforced by conservational defense and administrative assistances all over the world, estimated to be some of the most important reasons motivating demand for the duration of the prediction.
The Environmental Health and Safety on the source of Type of End Use could span Manufacturing, Telecom & IT, Energy & Mining, Construction, Healthcare, Chemical & Petrochemical, and Others. The subdivision of Energy & Mining ruled the worldwide EHS market during the year 2015. It was responsible for above 24% stake of the general income. This supremacy is likely to carry on for the duration of the prediction, due to the development of the oil & gas manufacturing and the strict rules enforced on the manufacturing companies to confirm the security of the surroundings along with labor force.
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The Environmental Health and Safety industry on the source of Type of Application could span Wastewater Management, Medical & Pharmaceutical Waste Management, Industrial Waste Management. The subdivision of Industrial Waste Management was responsible for the biggest stake of the general market of Environmental Health and Safety during the year 2015, having a stake of above 58%. This supremacy is likely to carry on, as Environmental Health and Safety resolutions are progressively developed to provide the necessities of the companies linked with the construction, mining, telecommunication and chemical businesses all over the world.
The Environmental Health and Safety market on the source of Type of Product could span Environmental Health and Safety services, Environmental Health, and Safety software. The subdivision of services ruled the general market of environmental health & safety during the year 2015. This supremacy likely to carry on above the prediction period. The subdivision of software is projected to develop by the maximum rate above the approaching years. It is estimated to develop at a CAGR of above 9% for the duration of the prediction. Companies in the nations, for example the U.S.A, the U.K., Singapore, Japan and China, among others, could drive the growing implementation of state-of-the-art EHS software.
The Environmental Health and Safety market on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage in these areas, for the duration of the prediction could span North America [U.S.A], Europe [Germany, U.K.], Asia Pacific [India, Japan, China], Central& South America [Brazil], Middle East & Africa. By the source of geography, Europe ruled the international market for Environmental Health and Safety (EHS) market. It was responsible for the grabbing of the market stake of, more than 45% in 2015. This supremacy is estimated to carry on due to the retrieval of main businesses in the area for example chemical, manufacturing, and construction, together with the growing amount of compliance necessities enforced by administrations and conservational defense organizations of the area.
The Chinese market was ruled by the energy & mining manufacturing, from the year 2015. This business is likely to observe maximum progress in the nation’s general market. It projected to grow by an expansion percentage of roughly 8% for the period of the prediction. The progress of the oil & gas and mining sub-businesses in China observed such as important reasons motivating progress of the market. The statement revises Trades in terms of intake of Environmental Health and Safety in the market; particularly in North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. It concentrates on the topmost companies operating in these regions.
Some of the important companies operating in the field on the global basis are RPS Group, AECOM, EHS Data Ltd., and HS&E Group.
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marketanalysisdata · 2 years
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Disposable Syringes Market Outlook, Share, Opportunities and Forecast to 2024
21st January 2022 – Global Disposable Syringes Market is anticipated to reach USD 9.9 billion by 2024. Disposable syringes are the essential components in the dental, veterinary, and surgical field. The emphasis on infection and safety measures in hospitals and outpatient facilities have fueled the consumption of these syringes. The factors that propel the growth of the Disposable Syringes Market include robust growth of the disposable market, increase in the use of disposable syringes, growing awareness among people, and growth in geriatric population. On the other hand, there are factors that may hamper the growth of the market including substantial adoption of non-disposable syringes among dental professionals for administering anesthesia, and growing affordability of these products due to their reusable nature.
Disposable syringes industry is anticipated to grow at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe. Disposable syringes industry may be explored by type, application, and geography. The market may be explored by type as Safety Syringes, Conventional Syringes, Non-retractable Safety Syringes and Retractable Safety Syringes. The “Safety disposable syringes” segment led the disposable syringes market in 2015 and is anticipated to maintain its dominance by 2024. The key factor that may attributed to the growth of market includes growing popularity across the globe.
The key applications that could be explored in the disposable syringes industry include Therapeutic Injections and Immunization Injections. The “Therapeutics Injections” segment led the market of disposable syringes in 2015 and is anticipated to maintain its dominance by 2024. The key factors that may attributed to the growth of market include rising demand for injectable syringes to treat diseases and growing preference for syringes.
North America accounted for the major share of the Disposable Syringes Market Size in 2015 and will continue to lead in the forecast period. The factors that could be attributed to the growth include rising preference for injectable drugs, high occurrence of diseases, and technological advancement in order to improve patient safety and comfort. North America is likely to be followed by Europe and Asia-Pacific owing to growing number of injectable drugs and rise in the incidence of disorders across the regions.
Some of the key players that fuel the growth of the disposable syringes industry comprise Fresenius Kabi AG; Braun Medical, Inc.; Flextronics International Vita Needle Company; Baxter International, Inc.; Novo Nordisk; Terumo Corporation; Henke-Sass, Wolf; Becton; UltiMed, Inc.; Retractable Technologies, Inc.; Dickinson and Company and Covidien. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
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marketanalysisdata · 2 years
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Osteoporosis Drugs Market Demand, Trend & Top Key Players Update By 2025
20th January 2022 – The global Osteoporosis Drugs Market size is expected to value at USD 16.3 billion by 2025. The osteoporosis drug industry is subject to witness a substantial growth due to the rise in elderly population and increase in the occurrence of target diseases like osteoporosis. Global occurrence of osteoporosis along with high demand for drugs in prophylaxis and treatment is propelling the growth of osteoporosis drug market, in the recent years. Globally, the osteoporosis drugs industry is predicted to grow at higher CAGR over next seven years, providing numerous opportunities for market players to invest for research and development in the osteoporosis drugs.
Osteoporosis is a primary cause of reduced bone density inducing the pain with a minor form of injury or trauma. As many as nine million people have been reported suffering from the osteoporosis disease on annual basis across the globe. Such factors are causing frequent osteoporotic conditions every three seconds. Prime victims of the disease are menopausal women. For instance, one out of three women above the age of fifty experiences an osteoporotic fracture. These factors are responsible for the growth of osteoporosis drugs market, thus creating lucrative opportunities for market players, in recent years. Substantial rise in the elderly population in both developed and developing economies across the globe are driving the demand for osteoporosis drugs.
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The osteoporosis drug industry is broadly categorized into five major segments based on the product type such as bisphosphonates, parathyroid hormone therapy, calcitonin, Selective Estrogen Inhibitors Modulator (SERM), and rank ligand inhibitors. The rank ligand inhibitors is considered as one of the faster growing segment in the osteoporosis drug market with substantial revenue generation in the last few years. Increase in preference by healthcare professional due to positive outcomes in patient attributes to the growing popularity of the rank ligand inhibitors segment. The Selective Estrogen Inhibitors Modulator (SERM) segment also witnesses substantial growth owing to the increasing adoption in conjunction with other drugs to impart a synergistic effect.
The osteoporosis drugs industry is divided by region such as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in adoption of latest technologies in medicine & pharmaceutical sector, increase in number of incidences related to osteoporosis disorders, and existence of well-established healthcare infrastructure. Asia-Pacific region is predicted to hold major market share in the osteoporosis drugs market with massive growth in forecast period. Countries such as India, China and Japan are leading the Asia-Pacific market with growing elderly population, rising healthcare expenditure, improved clinical facilities, and significant investment by leading industry players considering potential opportunities in the region.
The key players in the osteoporosis drug industry are Actavis Inc., DePuy Synthes Companies, Zimmer Biomet Holdings, Inc., Stryker Co., Integra LifeSciences Co., Pfizer Inc., and Dr. Reddy’s Laboratory.
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marketanalysisdata · 2 years
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Bearings Market 2025: Industry Analysis and Forecast by Type, Application and Region
20th January 2022 – The global Bearings Market size is expected to value at USD 172.2 billion by 2025. The market is subject to witness a substantial growth due to the rising demand from heavy machinery manufacturing sector. In addition, increase in the number of application of high capacity bearings in wind turbines is predicted to boost overall market demand for bearing in the upcoming years. Increasing adoption of high capacity bearings in wind turbines helps to improve turbine reliability and performance. Some of the typical advantage of the industrial bearing include reduction in lubricant consumption and increase in the energy production. Recent advancement in energy & power sector has led to the development of cost effective solution in the market of bearings. These factors are expected to fuel market growth of bearing industry over the next seven years.
Globally, the bearings industry is predicted to grow at higher CAGR in the forecast period, providing numerous opportunities for market players to invest for research and development in the market. Addition of electro-mechanical accessories into the bearings offers substantial performance enhancement along with reductions in size of the product. Incorporation of advanced sensor units with high performing bearing are anticipated to rocket market demand for bearing in the near future. The advanced sensor system helps to digitally monitor of axis movement, sequence speed, acceleration, deceleration, and load carrying capacity of the bearings.
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Development of advanced lubrication technology and seal technologies coupled with use of lightweight materials in high-performing systems are expected to offer lucrative growth opportunities for industry participants over the forecast period. The bearings market is broadly categorized into two major segments based on the application type such as ball bearings and roller type bearings. The ball bearings is considered as one of the fastest growing segment in the market of bearings with substantial revenue generation in the last few years. Growing popularity of the ball bearings segment is attributed to their ability to function very smoothly and frictionless. Increasing demand for ball bearing along with thrust and radial loadings in two and four-wheeled automobiles is estimated to escalate market demand for ball bearings segment. The roller type bearing segment has also witnessed substantial growth owing to their capacity to support radial and axial loads, thus reducing overall rotational friction.
The automotive sector is one of the fastest growing application in the bearing market owing to large-scale production of automobiles across the globe. Recent advancement in the automotive industry coupled with rising sale of vehicles in the Asia Pacific region are projected to stimulate market growth over the next seven years. Furthermore, increasing demand for bearing from the railway & aerospace segment is predicted to generate massive revenue owing to the ascribed rise in the number of commuters using public transportation. Improved infrastructure and local transportation systems in developing economies is expected to favor market growth of railway & aerospace application segment.
The bearings market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in the automotive sector, increase in the number of R&D activities in the region, and existence of well-established industrial infrastructure. Asia-Pacific region is predicted to hold major market share in the bearings market with massive growth in forecast period. Countries such as India, China and Japan are leading the Asia-Pacific market with strong economic growth in the region, growing automotive sector, massive growth in robust construction and mining equipment market and significant investment by leading industry players considering potential growth opportunities in the region.
The key players in the bearings industry are NTN Co., SNL Bearings Limited, KCI Bearings (India) Pvt. Ltd., AB SKF Group, NSK Global Ltd., The Timken Company Co., Schaeffler Technologies AG & Co., KG, and JTEKT Co.
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marketanalysisdata · 2 years
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Piezoelectric Materials Market 2025: Trends, Opportunities, Challenges & Leading Key Players Review
18th January 2022 – Global Piezoelectric Materials Market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. Piezoelectric materials cause flow of electrons when they are subjected to mechanical stress. It is a reversible process. So, if an electric current is applied to these materials, they will change their shape a bit. The materials with piezoelectric properties comprise ceramics, bone, crystals, and proteins. The factors that are playing a major role in the growth of piezoelectric materials market are growing popularity of piezoceramics, rising expenditure by manufacturers on automation systems, and development of ultrasonic transducers for the detection of gas bubbles. Piezoelectric materials market is segmented based on product type, application, end users, and region.
Composites, ceramics, polymers, and the other product types could be explored in piezoelectric materials in the forecast period. Ceramics sector accounted for the substantial market share of piezoelectric materials and is estimated to continue its dominance in the years to come. This could be because of growing demand for ceramic-based lead zirconate titanate (PZT). In addition, the piezo-composites sector is estimated to grow at the fastest pace in the years to come.
The market may be categorized based on applications like transducers, actuators, SONAR, sensors, generators, motors, acoustic devices, and others that could be explored in the forecast period. Actuators accounted for the significant market share of piezoelectric materials. The reason behind the overall market growth could be high demand from consumers due to exceptional rotational speed and a tool of high power efficacy. Also, generators sector is estimated to grow at the highest CAGR in the years to come.
Based on end use, piezoelectric materials could be classified into aerospace & defense, automotive, consumer goods, healthcare, information & telecom, and others. Consumer goods sector accounted for the significant market share of piezoelectric materials and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be high demand for LED and 4K technology. Also, the automotive sector is estimated to grow at the highest CAGR by 2025.
Globally, Asia Pacific accounted for the significant market share of piezoelectric materials and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the existence of electronic industrial units in Taiwan, China, South Korea, and Japan, acceptance of portable electronics technology, and rise in the information & digitalization and communication markets. Also, Europe is estimated to grow at the fastest pace in the years to come.
The key players of piezoelectric materials market are Mad City Labs, PI Ceramic, Morgan Technical Ceramics, Harris Corporation, APC International, and Ceram Tec. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition.
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marketanalysisdata · 2 years
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Collaborative Robots Market Business Analysis, Share, Revenue & Sales Till 2025
18th January 2022 – Global Collaborative Robots Market is expected to grow significantly in the forecast period owing to the noteworthy traction from the SMEs worldwide due to several benefits of collaborative robots. Collaborative robots (cobots) perform numerous tasks for assisting humans in different kinds of workspaces. They potentially improve productivity and offer comfort in various manufacturing tasks. Collaborative robots offer several benefits to a business like faster setup, flexible deployment, simplified programming, fastest payback and safer.
Collaborative robots market is driven by the potential of collaborative robots to operate with humans in small-spaced electronic assembly lines since they can be easily handled for short runs, tedious tasks and challenging duties. Rising demand for robotics due to wide applications, the need for efficient automation, low investment in cobots resulting in higher ROI and increasing government initiatives are encouraging the progress of the market. However, the technologies used are highly susceptible to physical and cyber security threats, which could malfunction and lead to injuries and loss of lives. This is expected to hamper the growth of the market in the years to come. Another restraining factor of collaborative robots’ industry is the requirement of periodic system updates, on failing entails heavy losses.
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Innovations in the robotics industry is a major trend affecting the collaborative robot market. Efforts to make the collaborative robots perform completely in the manufacturing workspaces with no human presence is advancing. Besides, the existing players are heavily investing in the development of cobots integrated with machine learning and artificial intelligence. Increasing number of SMEs on the global scale is producing opportunities for the market of collaborative robots. With multi-tasking and enormous savings in terms of time and human efforts, these machines are being adopted extensively, creating more opportunities.
Collaborative robots industry is categorized on the basis of payload capacity, industry, application, and geography. On the basis of payload capacity, the market is divided into up to 5 kg, from 6 kg to 10 kg, and above 10 kg. Up to 5 kg segment held largest share in the past years and the trend is expected to continue in future as well. This can be attributed to the rise in demand for lightweight and moderate capacity collaborative robots due to features like easy installation, cost-efficient, high adaptability, which are essential for catering demands of small and medium enterprises.
Based on industry, collaborative robots market is divided into automotive, electronics, plastics & polymer, healthcare, metals & machining, food & agriculture, furniture & equipment, and others (including education, scientific research, consumer goods, logistics (3PL), and die cast and foundry robots). In the automotive industry, collaborative robots are used to conduct varied tasks like pick & place, packaging and palletizing, quality check, material handling, machine tending, etc. Owing to these tasks, automotive segment is expected to hold larger market share of collaborative robots in future.
In terms of application, collaborative robots industry is split into assembly, machine tending, gluing and welding, packaging and palletizing, quality testing, pick and place, handling, and others (painting and polishing, injection molding, lab analysis, screw driving, press tending, analysis & testing, and specimen processing). Pick and place application is predicted to hold larger share owing to the ease in leading and unloading activities, reduced human involvement, and faster operations as compared to human laborers.
Geographically, the market is segmented as North America, Europe, Asia Pacific, and RoW. Europe, followed by North America and Asia Pacific are predicted to lead market of collaborative robots owing to the strict government initiatives to promote factory automation solutions. The prominent players of collaborative robot industry include ABB, Fanuc, KuKa Ag, Aubo Robotics, Robert Bosch, Kawasaki Heavy Industries, Ltd., TECHMAN Robots, Rethink Robotics, Precise Automation, Inc., Universal Robots, and Yasakawa Electric Corporation.
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marketanalysisdata · 2 years
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Hydrogen Storage Market 2025 - Top Countries Data with Future Scope and Top Key Players Analysis
17th January 2022 – Global Hydrogen Storage Market is anticipated to reach USD 6.47 billion by 2025. Hydrogen storage is a key technology for the development of fuel and hydrogen cell technologies in applications comprising portable power, transportation, and stationary power. The factors that propel the growth of the hydrogen storage market include surge in the consumption of oil across the globe, increase in the demand for transportation fuels, decline of global crude oil quality, and strict environmental standards for the production of cleaner fuels.
On the other hand, there are factors that may hamper the growth of the market including restricted accessibility of hydrogen refilling infrastructure in the emerging economies. Hydrogen storage industry is anticipated to grow at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe. The important trend observed in the hydrogen storage industry is increasing focus on R&D for the growth of hydrogen storage technology. In recent times, the U.S., India, and England have been progressively focusing on R&D activities that could support the technological improvements in hydrogen and fuel cell technologies.
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The market of hydrogen storage may be explored by form of storage, type of storage, application, and geography. The market may be explored by form of storage as Material-based and Physical. The “Physical” segment led the hydrogen storage market in 2016 and is anticipated to maintain its dominance by 2025. The key factor that may attributed to the growth of market includes high demand across various applications. Based on type of storage, the market may be classified as On-board, Merchant/bulk, Cylinder, and On-site. The “Cylinder” segment led the hydrogen storage industry in 2016 and is anticipated to maintain its dominance by 2025. The key factor that may attributed to the growth of market includes increase in demand for end-use applications, such as food, electronics industries and metal working.
The key applications that could be explored in the market of hydrogen storage include General Industry, Oil Refining, Chemical, Metal Working, and Transportation. The “Transportation” segment led the hydrogen storage industry in 2016 and is anticipated to maintain its dominance by 2025. The key factor that may attributed to the growth of market includes increasing demand for hydrogen powered fuel cell vehicles in North America and Europe.
Asia-Pacific accounted for the major share of the Hydrogen Storage Market Size in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include strong requirement for ammonia and methanol from emerging nations, such as India, China and Malaysia and increasing demand forH2 and fuel cells. Asia-Pacific is likely to be followed by the North American region.
Some of the key players that fuel the growth of the market of hydrogen storage comprise Praxair Technology, Inc., H Bank Technology Inc., Hexagon Composites ASA, Air Liquide, The Linde Group, Cella Energy Limited, Pragma Industries, VRV S.P.A, McPhy Energy S.A., and Eutectix LLC. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
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marketanalysisdata · 2 years
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Home Healthcare Market - Emerging Trend, Top Players & Revenue Insights to 2025
17th January 2022 – The global Home Healthcare Market is anticipated to rise at a higher CAGR during the forecast period. Home healthcare is a rapidly growing segment in the healthcare domain with a definite rise in market size and over 5+ million patients receiving home healthcare settings. Employment opportunities being relatively higher in this field also contribute to market development.
The drivers for the home healthcare market comprise features of home care services in the modern era and convenience for patients. Homecare services are less expensive and strongly convenient to patients with the desired effect. The treatment is subjective to the nature of the disease that helps the patient to regain health within a short time. Home healthcare services are likely to gain significant attention in the modern era due to the availability of therapists, nurses, and specialized doctors that work for home health agencies and public health departments.
Product segmentation for the home healthcare industry includes diagnostic and therapeutic. The service segment for the home healthcare market comprises respiratory therapy, rehabilitation, infusion therapy, skilled nursing, pregnancy care, and palliative care. Software segments for the home healthcare industry include hospice solutions, clinical management software, and agency software.
Geographical segmentation for the home healthcare market includes North America, South America, Europe, Asia-Pacific, Middle East, and Africa. North American and European markets are likely to gain a significant CAGR during the forecast period due to the rise in popularity and disposable income. The expensive nature of hospitals, rise in geriatric population, and variation in reimbursement policies is likely to propel the market growth during the forecast period. Asia-Pacific's market is likely to have significant attention due to the rise in population and growing demands for medical safety. NGOs and government initiatives are contributing to the strengthening of home care services in the APAC sector. Apart, telecommunication services and online platforms are preferred outlets to gain access to the market.
The key players in the home healthcare industry include Sunrise Medical Inc, Almost Family Inc, B.Braun Melsungen AG, Abbott Laboratories, 3M Healthcare, Medtronic, Roche Diagnostics Corp, Air Liquide, Arcadia Healthcare, Bayer Ag, Amedisys Inc, Nxstage Medical Inc, Arkray Inc, Apria Healthcare Group, Odyssey Healthcare Inc, Becton Dickinson and Company, National Healthcare Corp, Critical Homecare, and Omron Healthcare Inc.
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marketanalysisdata · 2 years
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Metal Injection Molding (MIM) Market 2025: Brief Analysis of Top Countries Data, Growth and Drivers
14th January 2022 – Global Metal Injection Molding (MIM) Market is expected to reach USD 6.52 billion by 2025. Metal Injection Molding (MIM) combines two recognized technologies; “powdered metallurgy” and “plastic injection molding” to offer cost-efficient solutions for complex geometries. The MIM process is executed in four main steps like mixing, injection molding, debinding, and sintering. The Metal Injection Molding Market is estimated to grow at a significant CAGR of 11.9% over the forecast period as the scope and its applications are rising enormously across the globe.
The factors that are playing a major role in the growth of Metal Injection Molding (MIM) market are growing demand for small and complex components from manufacturers, reduction in wastage of raw materials, cost-efficient raw materials, and growing investment in the defense and medical sector. However, strict government policy may restrain overall market growth in the years to come. Metal Injection Molding Market is segmented based on material type, end user, and region.
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The soft magnetic material, stainless steel, low alloy steel, and the other material types could be explored in Metal Injection Molding (MIM) in the forecast period. The other sector comprises tungsten, tool steel, and titanium. The stainless steel sector accounted for the significant market share of Metal Injection Molding (MIM) and is estimated to lead the overall market in the years to come. This could be due to its availability at lower cost in comparison with the other material types. The market may be categorized based on end users such as firearms & defense, electrical & electronics, industrial, automotive, consumer products, medical & orthodontics, and others that could be explored in the forecast period. The electrical & electronics sector is estimated to grow at a significant CAGR in the years to come. This may be because of growing demand for complex and small metal injection molded parts.
Globally, Asia Pacific accounted for the substantial market share of Metal Injection Molding (MIM) and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be increasing demand from end users like firearms & defense, automotive, industrial, electrical & electronics, and others. The developing countries like India and China are the major consumers of Metal Injection Molding (MIM) in this region. Instead, North America and Europe are also estimated to have a positive influence on the future growth. North America is the second largest region with significant market share. The reason behind the overall market growth could be Canadian and U.S. government initiative by providing several tax benefits. However, Europe is estimated to grow at fastest pace in the foremost period.
The key players of Metal Injection Molding (MIM) Industry are Parmaco Metal Injection Molding, Indo-MIM, Parmatech Corporation, Dynacast International, Future High-Tech, ARC Group Worldwide, CMG Technologies, Phillips-Medisize, Sintex A/S, Smith Metal Products, Dean Group International, and NetShape Technologies. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition.
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marketanalysisdata · 2 years
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Flavonoids Market Evaluation, Competition Tracking & Regional Analysis By 2025
14th January 2022 – The global Flavonoids Market size is expected to value at USD 1.06 billion by 2025. The market is subject to witness a substantial growth due to the increasing number of application in the functional food & beverages sector, dietary supplements sector, cosmetics and pharmaceutical industry. Flavonoids are used as a sweetening and coloring agent in the packaged food sector. Flavonoids has enhanced capabilities such as restricting cancer cell growth and prevention of stomach ulcers and infections due to their anti-microbial properties. These factors are expected to drive market demand for flavonoid over next seven years. Globally, the flavonoids industry is predicted to display higher growth rate in the forecast period, providing numerous opportunities for market players to invest for research and development in the flavonoids market.
Flavonoids are naturally occurring chemical substance, which is commonly found in the plants. Flavonoids are responsible for providing natural color to plants, fruit, grain, and flower such as root vegetables, tealeaves, lemons, oranges, raspberries, cabbage, peppers, squash, tomatoes, eggplant and soybean. Increasing demand of flavonoid from functional food & beverages industry is expected to boost market demand over the forecast period. Growing demand for anthocyanin from the food & beverage industry, which is type of a flavonoid, as a coloring agent; particularly in the Asia-Pacific region is estimated to amplify market value for flavonoid over the next seven years. Shifting trend towards adoption of organic coloring agents in the food & beverage industry along with changing food consumption habits of consumers are propelling market expansion in the recent years.
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The technological advancement in the functional food industry coupled with development of novel products such as bioflavonoids are fostering market growth as well in the last few years. The three major types of flavonoids include bioflavonoids, is oflavonoids, and neoflavonoids. All of these classes contain ketone compounds and are referred as anthocyanin. Anthocyanin is commonly known as a hypoglycemic agent that helps to regulate human blood sugar level. Anthocyanin are largely used in dietary supplements as well. Additionally, Anthocyanin is a histamine blocker that limits inflammation caused due to allergies, cardiovascular diseases, arthritis, and stomach ulcers. Such factors are expected to favor market growth of the flavonoids over the next seven years.
The flavonoid industry is broadly categorized into three major segments based on the application type such as functional food segment, functional beverages segment, and dietary supplements. The functional beverages are considered as one of the fastest growing segment in the flavonoids market with substantial revenue generation in the last few years.
Growing popularity of the flavonoids in functional food segment is attributed to the capability of flavonoids to improve metabolic processes in the myocardium, thereby inhibiting thrombus formation. The dietary supplements segment is has also witnessed substantial growth owing to the unique properties of flavonoids that helps to prevent inflammation caused due to allergies, cardiovascular diseases, arthritis, and stomach ulcers. However, stringent laws & regulations in regards to excessive use of flavonoids in dietary supplements owing to the various side effects is major challenge for market growth of the dietary supplements segment.
The flavonoids industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in functional food & beverages industry, changing food patterns among consumers, rise in the demand for ready-to eat meals, and existence of well-established industrial infrastructure in the region. Asia-Pacific region is predicted to hold major market share in the flavonoid market with massive growth in forecast period. Countries such as India, China, Japan and Singapore are leading the Asia-Pacific market with strong economic growth in the region, changing lifestyle among youngsters, and significant investment by leading industry players considering potential growth opportunities in the region.
The key players in the flavonoids industry are Cayman Chemical Co., Quercegen Pharmaceuticals, Inc., Foodchem International Co., INDOFINE Chemical Company, Inc., Extrasynthese, Toroma organics Ltd., Pharmachem Laboratories, Inc., Organic Herb, Inc., Phytocompounds Ltd., and Indena S.p.A.
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marketanalysisdata · 2 years
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Talent Management Software Market Forecast Report 2025 by Size, Share, Revenue, Business Growth, Demand and Applications
13th January 2022 – Global Talent Management Software Market is anticipated to reach USD 24.03 billion by 2025. Talent Management Software (TMS) is a technology that human resource management experts use to record employee’s lifecycle that includes development, strategic hiring, and performance management. The factors that propel the growth of the Talent Management Software Market include development in automation, extensive research and development activities, rising need for cloud-based talent management software, and surge in the e-learning market.
On the other hand, there are factors that may hamper the growth of the market including budget limitations and lack of awareness. Talent Management Software industry is anticipated to grow at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe. HR experts need to rethink the way they manage the rising number of laborers shifting to freelance and contract modes of employment. HR-tech will prove to be important in order to assist workers, maintain networks across boundaries, help managers lead their teams, and drive association.
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Talent management software industry may be explored by deployment, verticals, organization size, and geography. The market may be explored by deployment as Cloud and On-premise. The “Cloud-Based Services” segment led the talent management software market in 2016 and is anticipated to maintain its dominance by 2025. The key factor that could be attributed to the growth of market includes increasing acceptance of cloud-based services. Also, features including flexibility, agility of the solutions and on-demand services might contribute greatly to the market growth.
The industry could be explored based on vertical as Manufacturing, BFSI, IT & telecom, Recruitment Consultancies, E-commerce and Others. The “IT and telecom” segment led the talent management software industry in 2015 and is anticipated to maintain its dominance by 2025.The key factor that could be attributed to the growth of market includes surging demand from a diverse set of businesses. The market may be analyzed by organization size as Mid-size organizations, Small organizations and Large organizations.
North America accounted for the major share of the Talent Management Software Market Size in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include rapid technological developments in the industry verticals across different economies and presence of a large number of mid-sized and small enterprises. North America is likely to be followed by the Asia-Pacific region.
Some of the key players that fuel the growth of the talent management software industry comprise Oracle Corp, IBM Corporation, SAP, Workday, Inc., Halogen Software Inc., and Cornerstone On Demand. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
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marketanalysisdata · 2 years
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Bentonite Market Growth Report 2024 by Key Players, Trends, Share, Industry Size, Segmentation
13th January 2022 – The global Bentonite Market is anticipated to rise at a CAGR of 4.8% during the forthcoming period. Increasing activities in the oil well cement and drilling fluid applications are paving the way for bentonite industry. The market witnesses engaging activities in the groundwater barriers, absorbents for pet litter, oil & grease and binders in the iron & steel manufacturing industry.
Driving factors responsible for bentonite market include rise in oil & drilling activities blended with rise in application for geosynthetic clay and medical domain. In addition, rise in production capacities coupled with increase in demand for oil & gas is anticipated to drive the market growth during the forecast period. Rise in demand from end-use applications such as rubber tires and pharmaceutical industry and increasing popularity is anticipated to drive the market growth.
Product segmentation for bentonite industry includes calcium and sodium. Application category for bentonite market includes pet litter, drilling mud, civil engineering, refining, iron ore and foundry sands. Geographical segmentation for bentonite industry includes North America, South America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific regions are expected to witness a higher CAGR owing to favorable initiatives by government. The regions are anticipated to witness a higher demand from oil & gas, construction and metallurgy industries.
North American market has a greater share owing to rise in use of bentonite for pet and cattle products. European market will experience a moderate share due to rise in foundry sands and iron ore extraction. Middle Eastern and African regions are likely to gain a significant market share due to rise in extraction and mining activities. The key players in the bentonite market include Wyo-Ben Inc, AMCOL International, Midpoint Chemicals Company, Kemira, Amsyn Inc, Cimbar, Volclay International, Charles B. Crystal Co Inc.
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marketanalysisdata · 2 years
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Software Defined Networking Market Research Report 2024 by Key Growth Drivers, Leading Key Players Review
11th January 2022 – Global Software Defined Networking (SDN) Market is estimated to grow significantly in the years to come owing to its rigorous carrier efforts to adopt modern networking technologies. Software defined networking technology is a cloud computing approach that enables network management and efficient network configuration to enhance network monitoring and performance. Its aim is to advance network control by allowing service providers and organizations to reply quickly to varying business necessities. This technology is used in several ways by different organizations including cloud computing & data centers, carriers, service providers and enterprise campuses.
The factors that are driving overall market growth are growing alliance of several data centers, growth in network intricacy and diverse traffic pattern, rising demand for cloud service, and growing evolution and demand in mobility. However, lack of skilled staff and supremacy & strict security standards are the factors restraining overall market growth in the years to come. SDN industry is categorized based on component, end user, and geography. On the basis of components, software defined networking market is divided into solutions and services. Solutions can be further split into software and physical appliances, of which physical appliances is expected to lead software defined networking (SDN) industry owing to its ability to manage the flow control among the network elements and applications.
In terms of end user, SDN market is split into cloud service providers, telecommunication service providers, and enterprise. Enterprises are expected to register maximum growth in near future owing to the rising adoption of SDN solutions to enable on-demand delivery of network and services.
Geographically, software defined networking industry is divided into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to dominate software defined networking (SDN) market owing to the growing investment by telecom service providers to enhance infrastructure abilities to meet the rising network needs. Asia Pacific is also expected to adopt software defined networking (SDN) technology rapidly in near future.
The key players in software defined networking (SDN) industry are Cisco, IBM, HP, NEC Corporation, Intel, Juniper, Arista Network, Huawei, Big Switch Network, Extreme Networks, Pics8, Plexxi, AT&T, and Pluribus.
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marketanalysisdata · 2 years
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Insulated Glass Market 2025 Overview | Regional Outlook, Growth, Economics, Demand
11th January 2022 – Global Insulated Glass Market is predicted to grow significantly in the forecast period owing to the increasing awareness. Insulated Glass (IG unit) is also known as double glazing glass. It is the mixture of two or more glass panes with an air space between or vacuum to reduce the transfer of heat and form a single unit. They are widely used in commercial and residential construction because they offer better thermal and sound insulation.
Insulated glass market is growing due to the factors like rise in disposable income of consumers, rapid industrialization and urbanization and improving economic conditions of the developing economies like China and India. Moreover, growing focus on environment-friendly solutions is also expected to boost the insulated glass industry in the years to come. However, factors like the current market scenario and economic conditions are obstructing the glass industry.
Insulating glass market is categorized on the basis of application and geography. On the basis of application, the market is divided into residential, non-residential, and industrial. The non-residential segment is expected to dominate insulated glass industry owing to the extensive use of insulated glass. This is attributed to the factors like ability to reduce load on air-conditioning systems, noise pollution, ability to control temperature, and achieving sustainability.
Geographically, insulated glass market is segmented as North America, Latin America, South America, Europe, Asia Pacific, and RoW. Owing to the increasing number of commercial and residential buildings in emerging economies and changing climatic conditions, Asia Pacific is predicted to lead insulating glass industry in future. The developing countries like India and China are the major consumers of Insulated Glass in this region.
The major players in insulated glass industry include AGC Glass Company, Cardinal Glass Industries, Bent Glass Design, Nippon Sheet Glass, Saint-Gobain, Guardian Glass, Viracon, Decor Glass Specialties, Oldcastle Building Envelope, PRL Glass System, Dlubak Specialty Glass, Major Industries, GSC GLASS, Gray Glass, IJ Research, Kochhar Glass, Insulite Glass, NGG, Thermoseal, and Gino's Glass Factory.
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marketanalysisdata · 2 years
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Clinical Laboratory Tests Market 2024 Key Growth Drivers | Size, Share, Challenges, Leading Key Players Review
10th January 2022 – Global Clinical Laboratory Tests Market is expected to reach USD 198.5 billion by 2024. Clinical Laboratory Tests are the medical devices that are used for analysis of tissues, materials, or fluids obtained from patients to help in treatment and diagnosis of disease. The Clinical Laboratory Tests Market is estimated to grow at a significant CAGR over the forecast period as the scope and its applications are rising enormously across the globe.
The factors playing a major role in the growth of Clinical Laboratory Tests are application and expansion of several data management and informatics solutions, increasing use of enhanced products like chemistry analyzers, and availability of favorable reimbursement policies. However, strict government policies and inadequate reimbursements are the factors are expected to restrain overall market growth in the years to come. Clinical Laboratory Tests Market is segmented based on type, end user, and region.
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Liver panel test, complete blood count, comprehensive metabolic panel tests, HGB/HCT tests, HbA1C tests, basic metabolic panel tests, electrolytes testing, lipid panel tests, BUN creatinine tests, and renal panel tests are the types that could be explored in Clinical Laboratory Tests in the years to come. Further, the liver panel tests sector is sub-segmented into autoimmune disorders, hepatitis, bone disease, bile duct obstruction, liver cancer, liver cirrhosis, and others. Basic metabolic panel tests sector accounted for the significant market share of Clinical Laboratory Tests and is estimated to lead the overall market in the years to come; the reason being, rising occurrence of diseases like metabolic abnormalities and obesity and high demand for preventive medicine. The test is performed to know chemical imbalance in the body. Also, lipid panel tests sector is estimated to grow at the fastest pace in the years to come.
The market may be categorized based on end users like primary clinics, central laboratories, and others that could be explored in the forecast period. Central laboratories sector accounted for the significant market share of Clinical Laboratory Tests in 2015 and is estimated to lead the overall market in the years to come. Also, primary clinics sector is estimated to grow at the highest CAGR in the years to come. Globally, North America accounted for the significant market share of Clinical Laboratory Tests in 2015 and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be developed healthcare infrastructure, growing occurrence of target disease, presence of technologically enhanced products, and growing awareness among patients regarding clinical laboratory tests.
Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The aspects that may be ascribed to the growth comprise developing healthcare infrastructure with an enhanced diagnostic technology in developing countries like China and India.
The key players of Clinical Laboratory Tests Market are Abbott, Quest Diagnostics, OPKO Health, Inc., Merck KgaA, Charles River Laboratories, Laboratory Corporation of America Holdings, Labco, Genoptix, and Healthscope. These market players are concentrating on inorganic growth to sustain themselves amidst fierce competition. At the same time; the possibility of investing in organic growth cannot be ruled out. Cost sutting is also on the agenda.
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