#India Industrial Gases Market Growth | Explore Tumblr Posts and Blogs

kenresearch111 · 1 year

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Industrial Gases Market In India Is Significantly Growing Due To The Continuous Industrialization And Development Happening In The End User Market- Ken Research

1. Indian industrial market is picking up pace with its global counterparts and is exploring the dynamics that this market is offering.

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There exists a long tail of small manufacturers for Industrial Gas in Indian market. The role of industrial gases is constantly being revised to make various manufacturing processes sustainable and economical. Moreover, Indian industrial market is also picking up pace with its global counterparts and is exploring the dynamics that this market is offering. When it comes to the impact of the global pandemic, healthcare market increased its use of Oxygen gas drastically which in turn has resulted in an increased demand for gases. Market is also witnessing a growing competition between domestic and international players in India such as Inox Air Products, Praxair-Linde and more. This has also led to a significant price reduction of industrial gases in India. Apart from the healthy competition brewing between local and global player, the vigorous competition amongst small manufacturers along with the issue of overcapacity, lack of funding for smaller players and minimal technology up-gradation are some issue that the industry deals with.

2. Overall industrial gas market is highly concentrated among the top players but it has a fragmented tail with many small scale producers

When it comes to the overall industrial gases market in India, it is expected that the market size will increase manifold in upcoming years owing to an increased utilization Rate for Oxygen, Argon and Nitrogen, as India is becoming a pivot for manufacturing. Moreover, initiatives such as “Make in India” have also driven industrialization to some extent. Talking about the oxygen market, it is expected to grow at a CAGR of 6.7% in terms of volume in TPD. Its popularity can be attributed to it being the key component for most industrial process and its diversified uses in different sectors. The Nitrogen & Argon gas market is expected to grow at a CAGR of 8% & 6% respectively. While nitrogen has the same use as oxygen in most cases, argon has been popular because of an increasing interest towards blended gases.

3. Industrial Gases market is highly concentrated as well as organized among the Top Players, however it is very fragmented among the small scale Industries

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Industrial Gas Market is highly concentrated among the top player. It is distributed in both organized and fragmented sector. Many small scale producers exist in the market which results in a large fragmented section. When it comes to the key product segment, oxygen is the key product segment & argon is the least.

For more insights on the market intelligence, refer to the link below

India Industrial Gases Market Research Report

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blowhorn39 · 1 year

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2023 Wrapped: Here Are Top 10 Logistics Trends That Defined The Year

2023 has been a year of new beginnings for the Indian logistics industry. It is the year logistics companies bounced back from the post-pandemic slump and set out to recover from their losses. The year also witnessed a steady growth in eCommerce, with the spotlight on quick commerce and last mile logistics. The later part of 2023 saw the government extending generous support to digital commerce and logistics, through initiatives like Open Network for Digital Commerce (ONDC) and National Logistics Policy (NLP).

Looking back, we can confidently assert that 2023 has been a good year for India’s logistics sector. From the increased focus on supply chain sustainability to extensive experimentation with drone deliveries, here are the top trends that defined logistics this year.

1. Greener transportation and supply chain

The amount of greenhouse gases generated by India’s transportation sector has nearly tripled since the 1990s, accounting for over 14% of our total energy emissions. The problem is quite severe if we take into account the massive carbon footprint left by India’s booming supply chain.

In 2022, there was a rise in awareness around cleaner and greener logistics practices, with a nudge on electrifying India’s cargo transportation. Logistics and transportation startups unveiled their fleet of electric (EV) and clean energy vehicles. At Blowhorn, we converted 30% of our fleet to clean fuels and took the pledge of running 100% of our fleet on clean energy by 2025.

In addition, other green practices like solar-powered warehousing, eco-friendly packaging and paperless invoicing were also adopted widely.

2. Third party logistics

The concept of third-party logistics (3PL) took off in India only a few years back. In 2022, India’s 3PL market reached a staggering $58.4 Bn in valuation, with a projected annual growth of 7.42%.By 2027, the market is estimated to reach more than $83.53 Bn.

The 3PL market is primarily driven by manufacturing, FMCG, retail and eCommerce sectors — all of which experienced commendable growth this year. Keeping in mind the needs of the modern Indian entrepreneur, 3PL service providers are also improving their operational speed with the incorporation of technology.

In the coming days, development of infrastructures like logistics parks, dedicated freight corridors, free trade warehousing zones, and container freight stations are expected to improve the efficiency of the Indian 3PL market.

3. Higher investment in technology

With higher investment technology seeping into eCommerce, retail, education, hospitality, finance, and all other sectors, why should logistics be left behind? With increasing market demand for superfast delivery, Indian logistics startups invested more on modern technology to boost their operations.

Experts believe that India is headed towards a technological revolution in logistics. Tech like Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT) are optimally benefitting the supply chain in terms of seamless management, improved route planning, warehouse automation, digital payments and much more.

At Blowhorn, we are already speeding up our deliveries with AI-powered route optimization software. Our automated warehouse management system helps in seamless handling of stored inventory and order dispatch, while we offer a real-time tracking system for all our orders. We have also adopted novel technologies like geo-fencing to reduce the menace of fake delivery attempts.

4. LaaS (Logistics as a Service)

We are well-acquainted with Software as a Service (SaaS) companies. This year saw the emergence of companies following a similar model in fulfillment, offering Logistics as a Service (LaaS). Ideally, this presents a plug and play model for your business’s logistics needs, which you can avail via a simple integration with your 3PL partner.

Blowhorn has set the ball rolling for LaaS in India, offering end-to-end logistics solutions with warehousing, transportation and hyperlocal delivery.

5. Greater supply chain transparency

With rising consumer concerns, logistics stakeholders worked towards improving supply chain visibility and transparency in 2023. Companies are striving to become more transparent with regards to the sustainability of their supply chains. Globally, 2023 saw more companies offering insights on their labor practices, job creation, sourcing methods and compliance with regulatory requirements — in a bid to enhance their brand image among the conscious modern consumer.

6. Blockchain in last mile logistics

While AI is helping to improve speed and efficiency, blockchain has been deemed as a viable solution for more transparency and visibility in last mile logistics. In India and abroad, companies have started incorporating blockchain to optimize the last mile deliveries. The technology has found best use in high value inventory tracking, secure invoicing and payments, fraud detection, improved supply chain transparency, dispute resolution and creating a fair freight marketplace.

With the launch of Open Network for Digital Commerce (ONDC) by the Indian government, there is hope that we will witness further adoption of blockchain in the digital commerce and logistics space. In fact, ONDC itself is a blockchain-based protocol which aims to create a fair and transparent marketplace for small and medium-sized businesses across India. With Blowhorn being one of the early participants of ONDC, we too are waiting and watching the best use case for blockchain in our fulfillment services in the near future to help our customers.

7. Micro-fulfillment > Traditional Warehousing

2022 saw a rise in demand for same day delivery, which is quite difficult to fulfill if your inventory is stocked in a warehouse far away from the customer's location. The longer the delivery distance, the more the delivery time — a simple thumb rule to keep in mind.

This is why top in 2023 opted for micro ecommerce-fulfillment centers or micro-warehouses. The concept of micro-warehousing follows a just-in-time inventory management approach, with goods never staying here for more than a day. The limited inventory is stocked in a network of collocated storehouses at high-demand pincodes. Not only does the process help in reducing a brand’s capital spend on inventory, but it also improves efficiency and decreases resource wastage.

Much before the pandemic, we launched India’s first micro-warehouses or micro-fulfillment centers as an experiment in 2018. Now we maintain an expansive network of micro-warehouses across 28 cities of India. Read this article to find out why more eCommerce startups are choosing micro-fulfillment in 2023-24.

8. Automation in shipping

When it comes to automation in shipping, the process works on a predefined pathway involving packaging, warehousing, material handling and security. In India, the adoption of automation in logistics and shipping has been steadily increasing since the pandemic.

In 2023, 3PL fulfillment companies like Blowhorn incorporated automated solutions to boost efficiency by** reducing overhead costs** and time, streamlining the supply chain and minimizing the chances of manual errors.

9. Extensive focus on hyperlocal logistics

2023 saw a high growth in the hyperlocal space with the emergence of newer players in the quick commerce sector. Meanwhile, eCommerce giants and existing logistics players focused more on faster deliveries to not miss out on their customer needs.

Improved internet penetration led to the growth of fast fulfillment in suburbs and rural belts, thus creating a need for hyperlocal elements like dark stores, micro-ecommerce fulfillment centers along with local delivery jobs.

At Blowhorn, we have developed a platform-agnostic technology to be able to integrate with a wide range of businesses ranging from D2C, marketplaces and omni channel players. Our hyperlocal strategy is defined by AI-based dynamic route planning, real-time order clubbing, automated warehousing, blockchain and even drone deliveries. We are aiming to build a sustainable hyperlocal delivery system to tackle small profit margins, high overhead costs and ever-evolving consumer expectations.

10. Experimentation with Drone Deliveries

Delivery by drones is not new. The idea has been widely explored by logistics providers across India but is yet to be adopted at scale. The idea of mapping a three-dimensional delivery route via drones holds immense potential and has excited the Indian government authorities as well. Jyotiraditya Scindia, the Union Minister for Civil Aviation, has stated the administration’s objective to turn India into a major drone hub by 2030.

Leading logistics players like Blowhorn and others are already chalking out the blueprint to make drone delivery an everyday reality. Gartner predicts that by 2026, more than one million drones will be carrying out retail deliveries, up from 20,000 today. Last year, the Indian government also released the draft of The Drone Rules, 2021, aiming to liberalize drone delivery while fulfilling the safety regulations. Autonomous last-mile delivery via these mini flying machines will significantly determine the growth trajectory of Indian logistics in the upcoming future.

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strangemusictriumph · 2 years

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Induction Motor Market - Forecast(2022 - 2027)

Induction Motor Market Size is forecast to reach $54.2 billion by 2026, at a CAGR of 6.5% during 2021-2026. An induction motor is an AC electric motor in which torque is produced by the reaction between a varying magnetic field generated in the stator and the current induced in the coils of the rotor. It is used in a majority of machinery, as it is more powerful and eco-friendly compared to the conventional motors in the market. North America has significant share in global induction motor market due to a developed usage of an induction motor in the significant industrial manufacturing, aerospace & defense, and automotive companies. In addition to the growing preference for electric vehicles in the U.S. is also stimulating the growth in North America.

Report Coverage

The report: “Induction Motor Market Report– Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Induction Motor market

By Rotor Type: Inner Rotor, Outer Rotor

By Type: Single Phase, Three Phase

By Efficiency Class: IE1, IE2, IE3, IE4

By Voltage: Upto 1KV, 1-6.6 KV, Above 6.6KV

By Vertical: Industrial, Commercial, Residential, Agriculture, Automotive and Others

By Geography: North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), and RoW (Middle East and Africa)

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Key Takeaways

The rising demand for efficient energy usage over concerns of environmental impact of energy generation from conventional sources such as coal and natural gas, is expected to help grow the Induction Motor market in APAC.

The inner rotor segment is growing at a significant CAGR rate of 7.1% in the forecast period. In inner rotor type motors, rotors are positioned at the centre and surrounded by stator winding.

Automotive sector is expected to witness a highest CAGR of 8.9% the forecast period, owing to various factors such as increase in sales of electric vehicles due to rising concerns over greenhouse gases emissions, and favourable government policies in countries such as India, China and so on.

Induction Motor companies are strengthening their position through mergers & acquisitions and continuously investing in research and development (R&D) activities to come up with solutions to cater to the changing requirements of customers.

Induction Motor Market Segment Analysis - By Rotor Type

Three Phase segment is growing at a significant CAGR of 11.1%

in the forecast period. A three phase induction motor is a type of AC induction motors which operates on three phase supply. These three phase induction motors are widely used AC motor to produce mechanical power in industrial applications. Almost 70% of the machinery in industrial applications uses three-phase induction motors, as they are cost-effective, robust, maintenance-free, and can operate in any environmental condition. Moreover, induction motors are the most used in industry since they are rugged, inexpensive, and are maintenance free. In addition they are widely used in the mining metals and cement, automotive, oil and gas, healthcare, manufacturing industries and so on. Increase awareness of environmental protection across industries also contributes to the growth of three phase induction motors, as they have a low emission rate. Moreover, the shift towards industrial automation, coupled with the rising consumer confidence & promising investment plans triggers demand for the three phase induction motor in industrial application. Furthermore, the advent of Industry 4.0 and technological advancements enables a wide adoption base for the three phase induction motors. In 2019, Oriental Motor USA introduced their latest high efficiency three-phase AC induction motors equipped with a terminal box and a high strength right-angle hypoid gearhead, these new three-phase motors have the capacity of two new wattages of 30W and 40W and expands the KIIS Series Standard AC motors product line-up.

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Induction Motor Market Segment Analysis - By Vertical

Automotive sector is expected to witness a highest CAGR of 8.9% in the forecast period, owing to various factors such as increase in sales of electric vehicles due to rising concerns over greenhouse gases emissions, and favorable government policies in countries such as India, China and so on. In addition, the shift towards industrial automation, coupled with the rising consumer confidence & promising investment plans triggers demand for the induction motor in industrial application. Furthermore, the advent of Industry 4.0 enables a wide adoption base for the induction motors. Moreover, growing number of product launches by major manufacturers will drive the market growth in the forecast period. In September 2019, Motor and drive manufacturer WEG released the M Mining series of slip-ring induction motors which are designed especially for use in the dusty environments of iron ore operations and the cement sector. In July 2019, Ward Leonard launched 2000 HP induction motor WL29BC200 which is designed tote into a package of 15000 HP for the oil and gas industry. In September 2019, Tata Motors launched Tigor EV for private buyers as well as cab aggregators and EESL staff. he Tata Tigor electric uses a 72 V, 3-Phase Induction motor

Induction Motor Market Segment Analysis - By Geography

Induction Motor market in Asia-Pacific region held significant market share of 38.5% in 2020. Increasing compliance for energy efficient motors and rising adoption of motor-driven electric vehicles are the key factors driving market growth. The rising demand for efficient energy usage over concerns of environmental impact of energy generation from conventional sources such as coal and natural gas, is expected to help grow the Induction Motor market. In addition advancements in the agriculture sector and enormous investments in industrialization in countries such as China, India, South Korea, and Australia is driving the market growth. Further, the increasing production and sales of electric vehicles in countries including China and Japan is also analyzed to drive the market growth.

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Induction Motor Market Drivers

Robust Structure of Motor

The rough physical structure of the motor is predicted to be a major driving factor for the growth of the induction motor market. Induction motor are robust in nature and can be operated in any climatic conditions. Moreover, the absence of slip rings and brushes in the motor induction eliminates the chances of sparks, which makes the operation safe even in the most explosive working conditions. In addition, induction motor is cost effective, highly reliable and the maintenance is very less, which is expected to propel the growth of the induction motor market in the forecast period 2021-2026.

Rise in Production of Electric Vehicles

The electric car market has witnessed rapid evolution with the ongoing developments in automotive sector and favourable government policies and support in terms of subsidies and grants, tax rebates. As induction motors especially three phase are widely used in electric vehicles because of high efficiency, good speed regulation and absence of commutators is analysed to drive the market growth. In addition these motor also serves as an alternative of a permanent magnet in the electric vehicles. Hence rise in production of electric vehicles is analysed to drive the market. In 2019, Ford has invested $1.45 billion in Detroit plants in U.S., to make electric, autonomous and sports utility vehicles, which is mainly aimed to increase the production of the vehicles thereby impacting on the high procurement of the induction motors. In 2019, Toyota announced plans to invest $749M in expanding the U.S. manufacturing facilities to increase the production of the electric and hybrid vehicles. In 2020, General Motors had committed boost its electric vehicle production by investing more than $7 billion. Moreover governments of several countries have been investing heavily for the development of electric vehicles. In 2019 German government has committed to invest more than $3 billion to expand electric car market growth in the region. Hence these investments and developments are analysed to be the key drivers for the growth of the electric vehicle market and thereby the growth of induction motor market during the forecast period 2021-2026.

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Induction Motor Market Challenges

Easy availability of low-quality Induction Motors

The market for Induction Motors is highly fragmented, with a significant number of domestic and international manufacturers. Product quality is a primary parameter for differentiation in this market. The organized sector in the market mainly targets industrial buyers and maintains excellent product quality, while the unorganized sector offers low-cost alternatives to tap local markets. Local manufacturers of Induction Motors in most countries target the unorganized sector and compete strongly with the global suppliers in the respective markets. Leading market players are currently exposed to intense competition from such unorganized players supplying inexpensive and low-quality Induction Motors. This acts as a key challenge for the growth of the market.

Induction Motor Market Landscape

Product launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Induction Motor market. Induction Motor top 10 companies include ABB Ltd. AMETEK, Inc., Johnson Electric Holdings Limited, Siemens AG, Rockwell Automation, Toshiba Corp., Hitachi Ltd., Nidec Corporation, ARC Systems Inc., among others.

Acquisitions/Product Launches

In 2021 BorgWarner launched HVH 320 Induction Motors in four variants. They are offered to light-duty passenger cars and heavy-duty commercial vehicles.

In 2020, ABB has launched new range of low voltage IEC induction motors, which are compactly designed and reduces the overall size of the equipment by minimizing space and total cost of ownership.

For more Electronics related reports, please click here

#induction motor Market #induction motor Market Size #electric motor #induction motor Market Share #induction motor Market Analysis #electromagnetic induction #induction motor Market Revenue #asynchronous motor #induction motor Market Trends #induction motor Market Growth #induction motor Market Research #induction motor Market Outlook #induction motor Market Forecast #induction motor Market Price

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nikhats · 6 hours

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Asphalt Additives Market Share, Trend, Size, Business demand and Growth Strategies by 2030

Asphalt Additives Market Overview

Maximize Market Research, a Asphalt Additives business research firm has published a report on the “Asphalt Additives Market”. Which provides Industry Analysis (Market Performance, Segments, Price Analysis, Outlook) and detailed Process Flow (Product Overview, Unit Operations, Raw Materials, and Quality Assurance). Sample Request Link : https://www.maximizemarketresearch.com/request-sample/29766

Asphalt Additives Market Report Scope and Research Methodology

The Market Research Report (MMR) researches deep into vital growth determinants, exploring motivators and barriers. It furnishes extensive insights into competitive landscapes, major company offerings, and investment prospects. Embracing qualitative and quantitative analyses, it scrutinizes regional markets, providing indispensable insights for stakeholders. Employing historical data, technological advancements, governmental policies, and current Asphalt Additives market. Utilizing sources like annual reports, press releases, industry associations, governmental agencies, and customs data, it employs market engineering and data triangulation to forecast segments and sub-segments.

Asphalt Additives Market Regional Insights

The estimated growth in the Asphalt Additives market segment is driven by improved reliability and increasing demand. The Asphalt Additives market is largely segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

Asphalt Additives Market Segmentation

by Type

Polymerized Asphalt Cement Novophalt Anti-Strip and Adhesion Promoters Emulsifiers Multigrade Asphalt Cement Polyester Modifier Chemical Modifiers Others

The warm mix segment is projected to grow at the xx % rate in the global asphalt additives market. The warm mix technology is extensively used to lower the temperature at which, the asphalt is mixed and placed on the road. This technology sinks fuel consumption and emissions linked to greenhouse gases. The warm mix technology can be preferred for an extensive paving season as temperature drop during the transportation is not a concern. These properties are estimated to increase the demand for warm mix technology. by Technology

Hot Mix Cold Mix Warm Mix by Application

Road Construction and Paving Airport Runway Parking Lots Roofing Others

Asphalt Additives Market, by Region

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America

To Get More Information click Here: https://www.maximizemarketresearch.com/market-report/global-asphalt-additives-market/29766/

Asphalt Additives Market Key Players

1. Akzonobel NV 2. E. I. Du Pont De Nemours and Company 3. Arkema SA 4. Arrmaz 5. Huntsman Corporation 6. Sasol Limited 7. Ingevity Corporation 8. Berkshire Engineering Supplies 9. Honeywell International Inc. 10. Engineered Additive Llc 11. Evonik Industries 12. Kraton Corporation 13. Kao Corporation 14. The DOW Chemical Company 15. Jiangsu Jinyang 16. MeadWestvaco Corporation 17. Tri-Chem Industries 18. Nouryon 19. BASF SE 20. Delta Companies, Inc.

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Key Offerings: • Past Market Size and Competitive Landscape (2018 to 2022) • Past Pricing and price curve by region (2018 to 2022) • Market Size, Share, Size & Forecast by different segment | 2024−2030 • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region • Market Segmentation – A detailed analysis by segment with their sub-segments and Region • Competitive Landscape – Profiles of selected key players by region from a strategic perspective  Competitive landscape – Market Leaders, Market Followers, Regional player  Competitive benchmarking of key players by region • PESTLE Analysis • PORTER’s analysis • Value chain and supply chain analysis • Legal Aspects of Business by Region • Lucrative business opportunities with SWOT analysis • Recommendations

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electronalytics · 1 day

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Semiconducor Excimer Laser Gases Market Analysis, Dynamics, Players, Type, Applications, Trends, Regional Segmented, Outlook & Forecast till 2033

The competitive analysis of the Semiconducor Excimer Laser Gases Market offers a comprehensive examination of key market players. It encompasses detailed company profiles, insights into revenue distribution, innovations within their product portfolios, regional market presence, strategic development plans, pricing strategies, identified target markets, and immediate future initiatives of industry leaders. This section serves as a valuable resource for readers to understand the driving forces behind competition and what strategies can set them apart in capturing new target markets.

Market projections and forecasts are underpinned by extensive primary research, further validated through precise secondary research specific to the Semiconducor Excimer Laser Gases Market. Our research analysts have dedicated substantial time and effort to curate essential industry insights from key industry participants, including Original Equipment Manufacturers (OEMs), top-tier suppliers, distributors, and relevant government entities.

Receive the FREE Sample Report of Semiconducor Excimer Laser Gases Market Research Insights @ https://stringentdatalytics.com/sample-request/semiconducor-excimer-laser-gases-market/7464/

Market Segmentations:

Global Semiconducor Excimer Laser Gases Market: By Company • Air Liquide • Linde Group • Air Product • Messer Group • Airgas • Rigas • Coregas • Huate Gas • Kaimeite Gases Global Semiconducor Excimer Laser Gases Market: By Type • Inert Gas • Inert Gas and Halogen Gas Mixture • Others Global Semiconducor Excimer Laser Gases Market: By Application • Photolithography • Oled Display

Regional Analysis of Global Semiconducor Excimer Laser Gases Market

All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Semiconducor Excimer Laser Gases market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Key Report Highlights:

Key Market Participants: The report delves into the major stakeholders in the market, encompassing market players, suppliers of raw materials and equipment, end-users, traders, distributors, and more.

Comprehensive Company Profiles: Detailed company profiles are provided, offering insights into various aspects including production capacity, pricing, revenue, costs, gross margin, sales volume, sales revenue, consumption patterns, growth rates, import-export dynamics, supply chains, future strategic plans, and technological advancements. This comprehensive analysis draws from a dataset spanning 12 years and includes forecasts.

Market Growth Drivers: The report extensively examines the factors contributing to market growth, with a specific focus on elucidating the diverse categories of end-users within the market.

Data Segmentation: The data and information are presented in a structured manner, allowing for easy access by market player, geographical region, product type, application, and more. Furthermore, the report can be tailored to accommodate specific research requirements.

SWOT Analysis: A SWOT analysis of the market is included, offering an insightful evaluation of its Strengths, Weaknesses, Opportunities, and Threats.

Expert Insights: Concluding the report, it features insights and opinions from industry experts, providing valuable perspectives on the market landscape.

Report includes Competitor's Landscape:

➊ Major trends and growth projections by region and country ➋ Key winning strategies followed by the competitors ➌ Who are the key competitors in this industry? ➍ What shall be the potential of this industry over the forecast tenure? ➎ What are the factors propelling the demand for the Semiconducor Excimer Laser Gases? ➏ What are the opportunities that shall aid in significant proliferation of the market growth? ➐ What are the regional and country wise regulations that shall either hamper or boost the demand for Semiconducor Excimer Laser Gases? ➑ How has the covid-19 impacted the growth of the market? ➒ Has the supply chain disruption caused changes in the entire value chain?

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researchrealmblog · 1 day

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With Growing E-Commerce Sector, Forklift Market To Witness 2.8% CAGR between 2020 and 2030

Rising significantly from 2017, the share of the e-commerce sector in the total global retail sales reached 14% in 2018. Further, by 2021, almost 17% of the total retail sales across the world are expected to be made through online shopping channels. This is because such platforms offer customers the price flexibility and fast delivery service they are looking for.

This factor is expected to propel the global forklift market, which garnered $33,878.7 million revenue in 2019, to $42,519.4 million by 2030, at a 2.8% CAGR between 2020 and 2030. This is because, to meet the rising number of online shopping orders, e-commerce and logistics firms are focusing on increasing their operational efficiency by deploying such vehicles. In addition, with the shelf height increasing and aisle width decreasing at warehouses, new forklifts, especially designed for such constraints, are witnessing rising sales.

Like companies across various other sectors, forklift manufacturers are also subject to the ill-effects of the COVID-19 situation. Due to the ceasing of manufacturing activities, companies offering forklifts as well as their components would need to alter their strategies and come up with a more-efficient supply chain model. The ripple effects of the current shutdown in several countries are expected to be witnessed till at least the entire 2021.

Forklift Market Segmentation Analysis

During 2014–2019, class 5 forklift trucks generated the highest revenue in the industry, owing to their high popularity in emerging economies, such as China and India. They are preferred for heavy-lift applications, especially in places where the risk of tire punctures is high, as such vehicles have pneumatic tires. Their payload capacity is between 3,000 and 55,000 pounds (1,360 and 25,000 kg), which makes them suitable for heavy lifting.

The counterbalance bifurcation, under segmentation by product, dominated the industry in the past. These trucks have two forks at the front, and they are able to get quite close to the load to be picked and moved. They are designed for varying loads and conditions, which makes them popular for logistical operations.

During the forecast period, the higher value CAGR, of 3.4%, is projected to be witnessed by the electric bifurcation, on the basis of engine type. This is attributed to the rising concerns regarding the emission of greenhouse gases (GHG) from fossil-fuel vehicles. In addition, class 1, 2, and 3 trucks are pressed in lightweight lifting, for which electricity can easily provide the required power. Another reason for the increasing sale of electric forklifts would be the gradual decline in the cost of lithium-ion (Li-ion) batteries.

Presently, Asia-Pacific (APAC) is the most lucrative forklift market, due to the rapid growth in the automotive and retail industries in India, South Korea, Japan, and China. In addition, regional governments are implementing strict mandates for security and safety at the workplace, which is leading to the quick deployment of such trucks. In the years to come, the fastest rise in the adoption of forklift vehicles would be seen in the Latina America, Middle East & Africa (LAMEA) region, on account of the swift industrialization and popularity of the warehousing model.

Partnerships Rank High among Strategic Developments in Market

In order to increase their sale and customer base, companies in the industry are entering into partnerships, as such moves allow forklift manufacturers to:

Equip their vehicles with advanced automation software

Make the trucks controllable via voice commands

Together develop improved vehicles

Manufacture and recycle Li-ion batteries

Sell spare parts in the international market

The most prominent players in the global forklift market include KION Group AG, Toyota Industries Corp., Hyster-Yale Materials Handling Inc., Jungheinrich AG, Mitsubishi Logisnext Co. Ltd., Crown Equipment Corp., Hangcha Group Co. Ltd., Anhui Forklift Truck Group Corp., Doosan Corp., and Komatsu Ltd.

Source: P&S Intelligence

#Forklift Market Share #Forklift Market Size #Forklift Market Growth #Forklift Market Applications #Forklift Market Trends

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zoegraymarket · 2 days

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U.S. Fiberglass Market - A Story of Very Rapid Development

Market Research Forecast released a new market study on Global U.S. Fiberglass Market Research report which presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data. The research study provides estimates for Global U.S. Fiberglass Forecast till 2032. The U.S. Fiberglass Market size was valued at USD 2.52 USD Billion in 2023 and is projected to reach USD 3.36 USD Billion by 2032, exhibiting a CAGR of 4.2 % during the forecast period. Key Players included in the Research Coverage of U.S. Fiberglass Market are: {"Owens Corning (U.S.)","LANXESS (Germany)","Nippon Electric Glass Co., Ltd (Japan)","Johns Manville (U.S.)","Knauf Insulation (U.S.)","SAINT GOBAIN S.A. (France)","PPG Industries, Inc. (U.S.)","American Fiberglass (U.S.)","Quietflex (U.S.)"} What's Trending in Market: Growing Wind Power Industry Expansion to Aid Market Growth Market Growth Drivers: Growth of the Construction Industry to Boost Market Growth The Global U.S. Fiberglass Market segments and Market Data Break Down {"Glass Type: E-Glass and Specialty","Product: Glass Wool, Yarn, Roving, Chopped Strands, and Others","Application: Transportation, Building & Construction, Electrical & Electronics, Pipe & Tank, Consumer Goods, Wind Energy, and Others"} Get inside Scoop of the report, request for free sample @: https://marketresearchforecast.com/report/us-fiberglass-market-1214/sample-report To comprehend Global U.S. Fiberglass market dynamics in the world mainly, the worldwide U.S. Fiberglass market is analyzed across major global regions. MR Forecast also provides customized specific regional and country-level reports for the following areas.

• North America: United States, Canada, and Mexico. • South & Central America: Argentina, Chile, Colombia and Brazil. • Middle East & Africa: Saudi Arabia, United Arab Emirates, Israel, Turkey, Egypt and South Africa. • Europe: United Kingdom, France, Italy, Germany, Spain, Belgium, Netherlands and Russia. • Asia-Pacific: India, China, Japan, South Korea, Indonesia, Malaysia, Singapore, and Australia. More Reports:

https://marketresearchforecast.com/reports/semiconductor-gases-market-1217 For More Information Please Connect MR ForecastContact US: Craig Francis (PR & Marketing Manager) Market Research Forecast Unit No. 429, Parsonage Road Edison, NJ New Jersey USA – 08837 Phone: (+1 201 565 3262, +44 161 818 8166)[email protected]

#Global U.S. Fiberglass Market #U.S. Fiberglass Market Demand #U.S. Fiberglass Market Trends #U.S. Fiberglass Market Analysis #U.S. Fiberglass Market Growth #U.S. Fiberglass Market Share #U.S. Fiberglass Market Forecast #U.S. Fiberglass Market Challenges

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ranvijaysingh15 · 5 days

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ES Ranganathan: Overseas Carbon Credit Trade May Be Key to India’s Climate Success

Carbon credits, also known as carbon offsets, are like tokens that organizations or countries can use to balance out their carbon emissions. They do this by investing in projects that either reduce or remove the same amount of greenhouse gases from the air. These projects could involve things like planting trees, using more renewable energy, or making industrial processes cleaner. The main idea behind carbon credits is to encourage cutting down on emissions and supporting sustainability.

ES Ranganathan points out that India is making big efforts to move towards cleaner energy. They're doing things like increasing how much renewable energy they use, making energy use more efficient, and aiming for more electric vehicles.

India has made a clear commitment to fighting climate change. They've promised to decrease the intensity of their carbon emissions by 33-35% by 2030, compared to what it was in 2005. This is part of their plan outlined in the Paris Agreement.

Now, India is considering letting its carbon credit market trade internationally, which is a new and exciting idea. This would encourage countries to work together on climate change. It would also help India learn from and share technology with other nations to find more sustainable ways of doing things.

This could also bring economic benefits to India. It might attract investments in renewable energy, planting trees, and other projects that cut emissions. This could lead to new jobs and economic growth in the country. ES Ranganathan believes that by exploring this option, India can get more resources to speed up reducing emissions and join hands with other countries to fight climate change.

#ES Ranganathan

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marketwire · 5 days

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Railcar Leasing Market - Forecast(2024 - 2030)

Railcar Leasing Market size is estimated to reach US$17 billion by 2030, growing at a CAGR of 6.2%% during the forecast period 2024-2030. The increased industrialization, expansion of global trade, and the need for efficient transportation solutions are driving the demand for Railcar Leasing from the end users. This market growth is significantly driven by the flexibility and cost-effectiveness that leasing provides to companies, enabling them to adapt to varying transportation demands without substantial investments in ownership. These trends are expected to boost the growth of the Railcar Leasing Market during the forecast period.

The continual modernization of rail networks and the shift towards more sustainable transportation options are expected to propel the Railcar Leasing industry outlook during the forecast period.

Market Snapshot: Railcar Leasing Market - Report Coverage:

The “Railcar Leasing Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Railcar Leasing Market.

Attribute

Segment

By Railcar Type

Tank Cars

Box Cars

Hopper Cars

Flat Cars

Gondola Cars

Others

By Leasing Type

Full-Service Leasing

Net Leasing

Others

By End Use Industry

Chemical

Automotive

Agriculture

Food & Beverage

Construction

Others

By Geography

North America (U.S., Canada and Mexico)

Europe (Germany, France, UK, Italy, Spain, Netherlands, Denmark and Rest of Europe),

Asia-Pacific (China, Japan, South Korea, India, Australia and Rest of Asia-Pacific),

South America (Brazil, Argentina, Chile, Colombia and Rest of South America)

Rest of the World (Middle East and Africa).

COVID-19 / Ukraine Crisis - Impact Analysis:

● The railcar leasing sector faced significant challenges due to the COVID-19 pandemic, which led to disruptions in manufacturing, supply chain constraints, and reduced economic activities. The lockdown measures and restrictions imposed to curb the spread of the virus resulted in a temporary decline in demand for railcar leasing services, particularly in sectors like manufacturing, energy, and transportation.

● The Russia-Ukraine war could indirectly impact the railcar leasing market. Escalating inflation and disruptions in the supply chain might lead to increased production costs. This ripple effect could affect multiple sectors, including transportation and operational expenses for railcar leasing.

Key Takeaways:

● Dominance of APAC : Geographically, in the Railcar Leasing market share, APAC is analyzed to hold the highest market share in 2023. This trend is fueled by the region's burgeoning industrial landscape and the expanding need for efficient transportation solutions. The demand for railcar leasing is notably accelerated by economic growth in countries like China and India, where rapid industrialization, burgeoning trade activities, and infrastructural developments are propelling the need for reliable and cost-effective transportation options. The increased focus on trade expansion and infrastructure development solidifies Asia Pacific's position as a key driver and dominant force in the global railcar leasing market.

● Tank Car to Register the Fastest Growth : In the Railcar Leasing Market analysis, the tank car segment is estimated to grow the fastest CAGR of 5.8% during the forecast period 2024-2030. This is attributed to the escalating demand for the transportation of bulk liquids and gases, including petroleum, chemicals, and liquefied gases. Tank cars serve as crucial assets in the energy and chemical industries, providing a secure means for transporting hazardous materials. According to the Association of American Railroads (AAR), railways is the preferred mode of ethanol transportation and 60 to 70% of ethanol transportation is done by rail. The expansion of industries reliant on these materials and the increasing need for efficient, safe transportation solutions drive the market growth in the tank car segment. This growth trajectory is reinforced by stringent safety standards and regulations, further emphasizing the importance and demand for specialized tank cars in the transportation of various liquid and gaseous commodities.

● Chemical is the Largest Segment in the Market : According to the Railcar Leasing Market forecast, the chemical segment is estimated to register the largest market share during the forecast period. According to the American Chemistry Council, the U.S. chemical manufacturing industry is one of the largest users of freight rail, shipping more than 33,000 carloads per week. This can be attributed to the ongoing growth and diversification of the chemical sector, which relies heavily on the efficient transportation of various chemical products. The chemical industry encompasses a wide range of products, from petrochemicals to specialty chemicals, used in manufacturing, agriculture, pharmaceuticals, and other sectors. As this industry continues to evolve and expand, the demand for specialized railcar leasing solutions for safe and efficient chemical transportation is set to surge. Moreover, stringent safety and environmental regulations further underscore the importance of dedicated railcar services, making the chemical industry a significant driver of growth in the railcar leasing market.

● Need for Efficient Transportation Solutions : The pressing need for efficient transportation solutions stands as a pivotal driver in the railcar leasing industry. As industries expand globally and supply chains become increasingly complex, the demand for reliable, cost-effective, and flexible transportation options intensifies. Railcar leasing offers a strategic solution, enabling businesses to adapt swiftly to fluctuating transportation demands without massive capital investments in ownership. The efficiency of rail transport in moving bulk goods, coupled with its relatively lower environmental impact, makes it an attractive option. Moreover, railcar leasing fulfills the necessity for specialized transport of various commodities, promoting a safer and more sustainable mode of freight movement within the ever-evolving logistics landscape. For example, the Norwegian government decided to invest $14.4 billion in rail infrastructure & digitization projects under the National Transportation Plan, in March 2021. It will cover new railway projects and digitalization investments and the existing infrastructure to meet the growing population's requirements, thus reducing emissions and road congestion. Thus, the need for efficient transport solutions acts as a driver for the growth of the Railcar Leasing Market during the forecast period.

● Flexibility and Cost-Effectiveness of Leasing : Offering a dynamic alternative to outright ownership, leasing allows companies to swiftly adapt to changing market demands without substantial upfront capital investments. This financial flexibility is crucial in industries where demand fluctuates, enabling businesses to adjust their fleet size according to immediate needs without the burden of maintaining excess railcars during downturns. Additionally, leasing reduces operational costs by outsourcing maintenance, repair, and regulatory compliance, providing a predictable cost structure. This flexibility and financial prudence make railcar leasing an appealing, adaptive, and economically viable solution for various industries reliant on efficient transportation of goods. Thus, the flexibility and cost-effectiveness drive the Railcar Leasing Market.

● Regulatory Compliance and Safety Standards to Impede to Market growth : Stricter regulations imposed by governmental bodies require railcar lessors to consistently meet evolving safety protocols, environmental standards, and industry-specific regulations. Compliance demands vigilant monitoring and investment in retrofitting, maintenance, and upgrades to ensure the fleet aligns with the latest safety measures. The intricacies of meeting these stringent standards entail significant costs and procedural complexities. Such challenges can hinder the growth of the Railcar Leasing Market.

Railcar Leasing Market Share (%) By Region, 2023

Key Market Players:

Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Railcar Leasing Market. The top 10 companies in this industry are listed below:

American Railcar Industries Inc.

Brunswick Rail Management Ltd.

CIT Group Inc.

GATX Corporation

Mitsui Rail Capital

The Greenbrier Companies

Trinity Industries Inc.

SMBC GROUP

Touax Group

Chicago Freight Car Leasing

Scope of Report:

Report Metric

Details

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

6.2%

Market Size in 2030

$17 billion

Segments Covered

Rail Car Type, Leasing Type, End Use Industry and Region

Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Netherlands, Denmark and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).

Key Market Players

American Railcar Industries Inc.

Brunswick Rail Management Ltd.

CIT Group Inc.

GATX Corporation

Mitsui Rail Capital

The Greenbrier Companies

Trinity Industries Inc.

SMBC GROUP

Touax Group

Chicago Freight Car Leasing

For more Automotive Market reports - Please click here

#Railcar Leasing Market #Railcar Leasing Market share #Railcar Leasing Market size

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businessindustry · 7 days

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Cryogenic Valves Market Trends, Research Report -2032 | Reports and Insights

The Reports and Insights, a leading market research company, has recently releases report titled “Cryogenic Valves Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Cryogenic Valves Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the Cryogenic Valves Market?

The global cryogenic valves market size reached US$ 3.8 billion in 2023. Looking forward, Reports and Insights expects the market to reach US$ 6.5 billion in 2032, exhibiting a growth rate (CAGR) of 6.2% during 2024-2032.

What are Cryogenic Valves?

Cryogenic valves are valves specifically designed for use in environments where materials are stored or processed at extremely low temperatures, typically below -150°C (-238°F). These valves are constructed using materials and components that can withstand the extreme cold, such as stainless steel, bronze, or other high-performance alloys. They are utilized to regulate the flow of liquefied gases, including nitrogen, oxygen, and LNG (liquefied natural gas), in industries such as aerospace, medical, and energy. Cryogenic valves play a critical role in ensuring the safe and efficient handling of cryogenic fluids in various industrial applications.

Request for a sample copy with detail analysis: https://www.reportsandinsights.com/sample-request/1931

What are the growth prospects and trends in the Cryogenic Valves industry?

The cryogenic valves market growth is driven by various factors. The cryogenic valves market is witnessing notable growth propelled by rising demand for cryogenic fluids across industries such as healthcare, electronics, and energy. These valves play a crucial role in the safe and efficient management of liquefied gases like nitrogen, oxygen, and LNG (liquefied natural gas). Key drivers include the expansion of LNG infrastructure, advancements in the healthcare sector, and growth in the electronics industry. Furthermore, market growth is supported by the introduction of specialized valves for specific applications and efforts to enhance product efficiency and longevity. Hence, all these factors contribute to cryogenic valves market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

By Paper Type:

Matte Paper

Glossy Paper

Semi-gloss Paper

By Application:

Universal Files Copy Application

Advertisement Making Application

Graphic Design Application

Market Segmentation By Region:

North America:

United States

Canada

Europe:

Germany

United Kingdom

France

Italy

Spain

Russia

Poland

BENELUX

NORDIC

Rest of Europe

Asia Pacific:

China

Japan

India

South Korea

ASEAN

Australia & New Zealand

Rest of Asia Pacific

Latin America:

Brazil

Mexico

Argentina

Rest of Latin America

Middle East & Africa:

Saudi Arabia

South Africa

United Arab Emirates

Israel

Rest of MEA

Who are the key players operating in the industry?

The report covers the major market players including:

Emerson Electric Co.

Flowserve Corporation

Schlumberger Limited

Parker Hannifin Corporation

Velan Inc.

Herose GmbH

Chart Industries, Inc.

Cryogenic Limited

L&T Valves Limited

Bray International, Inc.

Powell Valves

Habonim Industrial Valves & Actuators

Valco Group

Samson AG

Valvesco AG

View Full Report: https://www.reportsandinsights.com/report/Cryogenic Valves-market

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us:

Reports and Insights consistently mееt international benchmarks in the market research industry and maintain a kееn focus on providing only the highest quality of reports and analysis outlooks across markets, industries, domains, sectors, and verticals. We have bееn catering to varying market nееds and do not compromise on quality and research efforts in our objective to deliver only the very best to our clients globally.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Reports and Insights Business Research Pvt. Ltd. 1820 Avenue M, Brooklyn, NY, 11230, United States Contact No: +1-(347)-748-1518 Email: [email protected] Website: https://www.reportsandinsights.com/ Follow us on LinkedIn: https://www.linkedin.com/company/report-and-insights/ Follow us on twitter: https://twitter.com/ReportsandInsi1

#Cryogenic Valves Market share #Cryogenic Valves Market size #Cryogenic Valves Market trends

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swatiblog · 12 days

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Specialty Gas Market Will Hit Big Revenues In Future | Biggest Opportunity Of 2024

Latest added Specialty Gas Market research study by Market Research Forecast offers detailed outlook and elaborates market review till 2030. The market Study is segmented by key regions that are accelerating the marketization. At present, the market players are strategizing and overcoming challenges of current scenario; some of the key players in the study are Air Liquide (France),Air Products (U.S.),Linde (U.K.),Merck (U.S.),Messer (Germany),MESA Specialty Gases (U.S.),Nippon Sanso Holdings Corporation (Japan),Samatorgas (Indonesia),Showa Denko (Japan),Yingde Gases (China)} etc. Free Sample Report + All Related Graphs & Charts @: https://marketresearchforecast.com/report/specialty-gas-market-1347/sample-report The Specialty Gas Marketsize was valued at USD 11.63 USD Billion in 2023 and is projected to reach USD 21.40 USD Billion by 2032, exhibiting a CAGR of 9.1 % during the forecast period. The latest edition of this report you will be entitled to receive additional chapter / commentary on latest scenario, economic slowdown and COVID-19 impact on overall industry. Further it will also provide qualitative information about when industry could come back on track and what possible measures industry players are taking to deal with current situation. Each of the segment analysis table for forecast period also high % impact on growth. This research is categorized differently considering the various aspects of this market. It also evaluates the upcoming situation by considering project pipelines of company, long term agreements to derive growth estimates. The forecast is analyzed based on the volume and revenue of this market. The tools used for analyzing the Global Specialty Gas Market research report include SWOT analysis. Influencing Trend:

Rising Emphasis on Environmentally Sustainable Iron Production to Create New Growth Opportunities

Market Growth Drivers:

Expanding Packaging Industry to Propel the Market Growth

The Global Specialty Gas segments and Market Data Break Down are illuminated below: Type: Electronic Gas, Gas & Liquid Mixtures, Pure Gases, and Others,End-Use Industry: Semiconductors, Petroleum & Chemical, Healthcare, and Others}

Have Any Questions Regarding Global Specialty Gas Market Report, Ask Our Experts@ https://marketresearchforecast.com/report/specialty-gas-market-1347/enquiry-before-buy The regional analysis of Global Specialty Gas Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Whereas, owing to rising no. of research activities in countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate the forecast period 2021-2030. Definitively, this report will give you an unmistakable perspective on every single reality of the market without a need to allude to some other research report or an information source. Our report will give all of you the realities about the past, present, and eventual fate of the concerned Market. Thanks for reading this article, we can also provide customized report as per company’s specific needs. You can also get separate chapter wise or region wise report versions including North America, Europe or Asia. Contact US : Craig Francis (PR & Marketing Manager) Market Research Forecast Unit No. 429, Parsonage Road Edison, NJ New Jersey USA – 08837 Phone: +1 201 565 3262, +44 161 818 8166 [email protected]

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downincmi · 12 days

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Diesel Exhaust Fluid Market Growth Projections for the Next Decade

The diesel exhaust fluid market comprises selective catalytic reduction systems that inject urea-based liquid into vehicle exhaust streams to reduce emissions of nitrogen oxides. As a colorless, non-flammable, and non-hazardous liquid, diesel exhaust fluid helps meet stringent emission regulations when used in diesel engine vehicles and diesel generators. It breaks down into ammonia and carbon dioxide after entering the SCR catalyst that converts NOx gases into less harmful nitrogen and water vapor. The Global Diesel Exhaust Fluid Market is estimated to be valued at US$ 11.60 Mn in 2024 and is expected to exhibit a CAGR of 7.6% over the forecast period 2023 to 2030.

Key Takeaways

Key players operating in the diesel exhaust fluid market are Yara International, BASF SE, CF Industries Holdings Inc., Agrium Inc., Cummins Inc., Shell ROTELLA (Royal Dutch Shell Inc.), Mitsui Chemicals Inc. and KOST USA. Yara International dominates the diesel exhaust fluid market with its vast global distribution network and production facilities across major markets. The growing demand for diesel-powered commercial vehicles and machinery has propelled the need for diesel exhaust fluids to reduce tailpipe emissions. Major players are expanding their production capacities and distribution networks across developing markets in Asia Pacific and Latin America to capitalize on the high growth potential. The stringent emission regulations implemented by governments worldwide to curb air pollution have increased the demand for diesel exhaust fluid significantly. Various countries in Europe and North America have made the use of diesel particulate filters and selective catalytic reduction compulsory, driving more vehicle owners to use exhaust fluid additives. Leading OEMs are also promoting the benefits of using exhaust fluid to clean vehicle emissions. Global expansion of the diesel exhaust fluid industry has taken place at a fast pace over the past decade. China, India, and Brazil represent high growth regional markets where sales of commercial vehicles are rising rapidly along with mandatory norms for curbing vehicular emissions. Manufacturers are focusing on these developing economies through joint ventures with local players and direct investments in production facilities.

Market Key Trends

One of the key trends in the diesel exhaust fluid market is the development of new applications beyond EURO 4/5/6 vehicles. Traditionally, diesel exhaust fluid was majorly used in heavy commercial vehicles, buses, trucks, construction equipment, diesel generators, and ships. However, with tighter emissions controls globally, automakers are introducing SCR technology even in passenger cars. Light-duty diesel cars are now a key target segment driving theusage of exhaust fluid. Several developing markets in Asia Pacific and Central & South America are also mandating the deployment of SCR systems in various vehicle categories, propelling new opportunities.

Porter's Analysis

Threat of new entrants: Diesel exhaust fluid manufacturing requires specialized machinery and large capital investments, limiting threats of new entrants. Bargaining power of buyers: Large fleet operators and vehicle OEMs have significant bargaining power over diesel exhaust fluid suppliers due to their bulk purchasing abilities and ability to play suppliers against each other. Bargaining power of suppliers: raw material suppliers such as urea producers have moderate bargaining power as urea is a generic commodity chemical sold globally in bulk. Threat of new substitutes: No close substitutes exist for diesel exhaust fluid as a passive system for reducing NOx emissions from diesel vehicle exhausts. Competitive rivalry: The diesel exhaust fluid market is highly consolidated, with top manufacturers like Yara, BASF and Shell wielding significant market shares and influence over pricing and supply.

Geographical Regions

North America accounts for the largest share of the global diesel exhaust fluid market in terms of value, led by the U.S. where stringent EPA emission norms have made DEF systems ubiquitous in heavy-duty diesel trucks and machinery. The Asia Pacific region excluding Japan is forecast to be the fastest growing market for diesel exhaust fluid between 2023-2030, driven by rapidly expanding diesel vehicle fleets, tightening emission regulations and increasing adoption of SCR technology in China, India and other emerging Asian economies.

#Diesel Exhaust Fluid Market Growth #Diesel Exhaust Fluid Market Size #Diesel Exhaust Fluid Market Share

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landofopp · 14 days

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B2B Research Companies in India

BDB India Private Limited is a leading global business strategy consulting and market research company in India. Since 1989, BDB has been providing clients with solutions to expand their businesses in the Indian and international marketplace. We are an ISO certified company. BDB India is the leading global business strategy consulting and market research firm for automotive industry. BDB is a Best B2B Research Companies in India.

Green hydrogen

Green hydrogen refers to hydrogen produced through a process that uses renewable energy sources, such as wind, solar, or hydroelectric power, to power the electrolysis of water. The electrolysis process involves splitting water molecules (H2O) into hydrogen (H2) and oxygen (O2), without generating carbon emissions. This method contrasts with traditional hydrogen production, such as steam methane reforming, which relies on fossil fuels and generates greenhouse gas emissions.

In India, the green hydrogen market is expected to be worth $30-35 billion by 2035-2040 (assuming optimistic demand). In India, the green hydrogen market (sales) is expected to reach $10 billion by 2030 and $35 billion by 2040 (per annum estimates). Major industries like as transportation and industrial production rely heavily on imported fossil fuels. Today, hydrogen is required for a variety of reasons. Green hydrogen production using renewable energy can play a critical part in low-carbon and self-sufficient economic routes. The use of Green Hydrogen and its derivatives, the machinery and technology used, and the infrastructure development associated with it in many new programs in the country, such as green fuel, green energy, green mobility, green farming, green buildings and equipment, and policies for efficient use of this energy source in various economic sectors, will mean that the industry is bound to see exponential growth in the demand for Green Hydrogen and its derivatives, the machinery and technology used, and the infrastructure development associated with it[/vc_column_text]

The key steps in green hydrogen production

lectrolysis: Renewable electricity (from sources like solar or wind power) powers an electrolyzer, which splits water into hydrogen and oxygen. The process separates hydrogen from water, generating ‘green’ hydrogen without producing greenhouse gases or other harmful emissions.

Renewable Energy Sources: The renewable energy sources used for electrolysis are crucial in making the overall process environmentally friendly. By utilizing solar, wind, or hydroelectric power, the entire hydrogen production cycle becomes sustainable and emission-free. Green hydrogen holds immense promise as a clean, sustainable energy carrier. It can be used in various sectors and industries, including transportation, power generation, industrial processes, and energy storage. The widespread adoption of green hydrogen is integral to reducing carbon emissions and mitigating climate change by providing a versatile and low-carbon energy source.