Latest Market Trends

Middle East Drilling Fluid Market Will Reach Height of USD 2.19 billion By 2024

The Middle East Drilling Fluid Market estimated to touch US$ 2.19 billion by the completion of the prediction period. The Middle East drilling fluid industry was appreciated by US$ 1.45 billion in the year 2014. The Middle East drilling fluid market is estimated to develop at a CAGR of 5.3% for the duration of the prediction.

Increasing worry about the failing wells, leak repression, and treatment of solid trashes is estimated to motivate the demand for the product above the prediction period. The progress of innovative drilling fluid chemicals, mainly for borehole necessitating horizontal boring, is expected to generate huge openings for the market.

Increasing worries about fitness, protection, and surroundings about discarding of carvings and release of sludge are expected to obstruct the progress of the market above the prediction period. Increasing worries regarding environment about the damaging properties of Oil-Based Fluids [OBF] are important to growing acceptance of Water-Based Fluid [WBF]. Due to its biodegradability physiognomies, Synthetic Based Drilling Fluid [SBF] is estimated to increase importance above the prediction period.

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On the source of the Applications, the statement concentrates on the position and viewpoint for foremost uses/end users. It takes into consideration the intake in terms of sales, market stake, and development percentage of Middle East Drilling Fluid for respective use, including Offshore Oil & Gas, Onshore Oil & Gas.

The drilling fluid loosens manufacturing tools and decreases erosion in sensitive creations. Growing oil exploration & production [E&P] actions to satisfy increasing necessities of energy, estimated to motivate the demand for the product above the prediction period. The subdivision of onshore application was the biggest application sector of the market. It was responsible for above 70% stake of the market during the year 2014. Increasing demand for natural gas and crude oil in the UAE, Saudi Arabia and adjacent nations in the areas of Europe and Asia Pacific estimated to motivate onshore missions above the extended period.

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The subdivision of offshore is estimated to observe a greater development above the prediction period. Increasing demand for the produce in distant sites, deep water and severe surroundings is likely to push the demand for the product above the prediction period. The division of the market of Middle East Drilling Fluid on the source of Type of Product shows the Manufacture, Profits, Price, Market stake and Development percentage of respective category. The market is divided into Water-Based Drilling Fluid, Oil-Based Drilling Fluid, Synthetic Drilling Fluid, and Others.

Water-Based Drilling Fluid [WBF] was the biggest subdivision of the product responsible for above 46% stake of the market income during 2014. The subdivision of Oil-Based Drilling Fluid [OBF] estimated to develop by a CAGR of above 4.0% for the period of prediction. Due to its improved oil-based, lubricity, are likely to increase importance above the prediction period. Due to growing demand for greater thermal constancy, and smaller erosion of boring apparatuses, Oil-Based Drilling Fluid likely to increase importance above the prediction period.

Due to its small poisonousness, small possible bioaccumulation , and lesser loss of fluid than additional subdivisions of product , Synthetic Drilling Fluid [SBF] likely to increase importance above the prediction period. Increasing worry about downhole victims and repairs charges in deep-water missions has insisted oil & gas companies to change in the direction of effectual drilling fluids that too stand by ecological code of practice.

The Middle East Drilling Fluid 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 Kuwait, UAE, Qatar, Saudi Arabia, and Rest of Middle East.

By the source of geography, Saudi Arabia is the biggest provincial market in Middle East, due to growing demand for transport fuels and subdivision of power generation. A big sum of current jobs in the most important oilfields for example Shay bah, Safaniya, Khurais, and Ghawarare likely to perform an important part in the progress of oil & gas manufacturing in the area. Growing sum of rig totals in the area together with increasing number of deep-water findings in the Red Sea and Persian Gulf are expected to motivate the market of the product above the prediction period.

Qatar is expected to observe the maximum development in this market above the prediction period. Current expansions in oil & gas manufacturing for example newfangled agreements and savings to withstand yearly plans of production is likely to motivate action of oil & gas exploration & production in the area above the following years.

The statement revises Trades in terms of intake of Middle East Drilling Fluid in the market; particularly in Kuwait, UAE, Qatar, Saudi Arabia, and Rest of Middle East. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the field on international level are Catalyst LLC. Oren Hydrocarbons, Schlumberger, Petrochem Performance Chemicals, New Park Resources, Weatherford, Halliburton, Diamoco Group, EMEC, Anchor Drilling fluid and Baker Hughes.

Medical Sensors Market Will Reach Height of USD 18.5 billion By 2024

The global medical sensors market is anticipated to cross USD 18.5 billion by 2024. Medical sensors market is highly driven by rise in prevalence of chronic diseases and demand for better healthcare services owing to rise in high quality diagnostic and monitoring devices. In addition, technological breakthroughs in medical science and rise in R&D for digital devices that enable data capturing and storage are likely to help in market progress.

By application, the medical sensors market is segmented as patient monitoring, diagnostics and therapeutics. Patient monitoring is fragmented into cardiac monitoring electrode, pulse oximeter, continuous blood glucose monitoring, and continuous blood pressure monitoring. Diagnostics is quadfurcated into HIV test strip sensors, pregnancy test strip sensors, blood glucose test strip sensors, capsule endoscopes, and immunoassay biosensors. Therapeutics segmented as dialysis sensors, cardiac catheter sensors, insulin pump sensors and cardiac therapeutic electrode sensors.

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Placement type is further segmented as implantable sensors, ingestible sensors, strip sensors, wearable sensors, and implantable sensors. Wearable sensors hold the highest share in the market. Rise in pacemakers and use of digital sensors to monitor heart rate and blood pressure have gained a wide attention among digital users.

By sensor type the medical sensors market includes image sensors, MR position sensors, temperature sensors, humidity sensors, force sensors, biosensors, and accelerometers. By end-user, the medical sensors market includes diagnostic laboratories, clinics, hospitals, and home care.

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Geographical segmentation for medical sensors market includes North America, South America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific’s market is likely to get significant attention owing to alarming rate of diseases, rise in geriatric population, and increase in healthcare and clinical needs for paediatric medical conditions.

North America is likely to gain significant market share due to the presence of advanced medical technology and devices. Sensors are used extensively in medical devices as the primary component. Manufacturers are now emphasizing on versatile functionality in medical sensors, which is expected to be a key driver for manufacturers. The key players in the medical sensors market include Medtronic, Philips, GE Healthcare, Sensiorion AG, Smiths Medical, Analog Devices, and OmniVision Technologies.

Healthcare Cyber Security Market Will Expected To Spur Over The Upcoming Years

The global homeland security market size is expected to value at USD 452.46 billion by 2024. The market is subject to witness a substantial growth due to the growing demand for safety equipment and solutions by various sectors such as aviation industry, maritime industry, and border-fence security. Increase in the competition due to presence of large number of manufacturers coupled with rise in the R&D operations to develop novel products are anticipated to fuel the growth of homeland security market in the upcoming years.

Introduction of highly advanced machineries such as mission-critical communication devices with fast-paced operational capability and cost-effectiveness are estimated to fuel market demand for homeland security solution in the near future. Globally, the homeland security market is predicted to grow at high CAGR over the forecast period, providing numerous opportunities for market players to invest in research and development in the homeland security market.

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Numerous initiatives undertaken by local governments to limit rising cross-border insurgencies and terrorist activities, particularly in the Asia Pacific region, are predicted to drive the market demand. Other security concerns such as growing human trafficking, drug smuggling, and illicit migration are some of the critical factors for encouraging the regional authorities to implement advanced security measures to mitigate risks, by means of adapting homeland security solutions.

Increasing demand for cyber security to limit number of cyber-attacks and data breaches from North America, and European region are anticipated to foster market growth in the upcoming years. Rising implementation of cyber defenses by private organization is also expected to positively influence market demand in the near future.

Additionally, shifting trends towards adoption of latest technologies including cloud computing, and next-generation mobile computing for private enterprises are permanently changing the way an organization uses information technology for distributing an information and piloting e-commerce, thus propelling market growth in the recent years. Currently, as many as total of eighty percent commercial transactions are conducted online that holds a higher quality of safety for transparent transactions.

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Increase in adoption of unmanned vehicle systems that are largely utilized for national safety missions all around the globe. For example, introduction of unmanned aerial systems (UAS) by U.S army with prominently expected outcomes is projected to boost market demand for homeland security. As unmanned systems and vehicles are becoming less expensive, easy to use and easily available leading substantial market growth in the last decade.

Cyber security is considered as one of the fastest growing segment in the homeland security market with significant revenue generation in the last couple of years. Growing popularity of the cyber security market segment is attributed to the increasing prevalence of cyber-attacks and data breaches. Moreover, need for advanced cyber security solution is generated due to widespread implementation of cloud computing and next-generation mobile computing coupled with different e-services available in the market.

Adoption of homeland security offers desired level of safety, capability to combat cybercrime efficiently and advanced defense capabilities. Aviation segment has also witnessed significant growth in the recent years due to the development of technologies like biometric identification, handheld screening, and RFID technology.

The homeland security 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 cyber security sector, increase in the prevalence of cyber-attacks each years, and existence of well-established industrial infrastructure in the region. Asia-Pacific region holds a major share in the homeland security industry to display a massive growth in forecast period.

Countries such as India, China and Singapore are leading the Asia-Pacific market with increasing security concerns due to terrorist activities, strong economic growth, and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the homeland security market are Elbit Systems Ltd., FLIR Systems Inc., General Dynamics Co., Harris Co., L-3 Communications Co., Holding Incorporations, Megal Security Systems Limited, Raytheon Company, Inc., Safran S.A., Thales S.A., and Unisys Co.

Healthcare Cyber Security Market Surpass Mark of USD 10.85 Million By 2024

The global healthcare cyber security market is expected to cross USD 10.85 Million by 2022. Cybersecurity in healthcare is a mammoth task and for a large multispecialty, hospital with running practices and healthcare challenges today seem as a highly complex nature. The severity of the problem is the fact that every aspect of the challenge calls for accumulation of personal data, but no matter the size of cyber security in healthcare, attacks come as a surprise.

The healthcare cyber security market is driven by rise in precautionary measures against cyberattacks and cyber warfare. In addition, technological enhancements and increase in counterfeit accounts operating on a large scale are expected to contribute to the market growth in the near future. However, lack of spending on healthcare organizations and low awareness about potential cyber security levels is likely to hinder the market growth in the near future.

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The healthcare cyber security is inclusive of segmentation by solution as identity and access management, risk and compliance management, security information, event management, intrusion detection system, antivirus, data encryption software and antivirus. Identity and access management accounts for a significant share in the market growth. End-user segmentation for healthcare cyber security market includes health insurance companies, pharmaceuticals & chemical industries and hospitals.

Geographical segmentation for healthcare cyber security market includes North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. North America market accounts for a significant market share in the global scenario owing to enhanced technology, infrastructure, patient availability and rise in cyber security applications.

Asia-Pacific market accounts for a greater market share in the forecast period due to rise in cyber security applications, development of regulatory framework and rise in use of healthcare devices. The key players in the healthcare cyber security market include IBM, McAfee, Symantec, Fireye, Trend Micro Lockheed Martin, Northrop Grumma and Kaspersky.

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Healthcare Cyber Security End-Use Outlook (Revenue, USD Million, 2012 – 2022)
• Pharmaceuticals & Chemicals
  • Medical Devices
  • Health Insurance
  • Hospitals
  • Others

Healthcare Cyber Security Type of Threat Outlook (Revenue, USD Million, 2012 – 2022)
  • Pharmaceuticals & Chemicals
  • Malware
  • DDoS
  • Advanced Persistent Threats (APT)
  • Spyware
  • Lost or Stolen Devices
  • Others

Fitness Equipment Market Will Expected To Spur Over The Upcoming Years

The global fitness equipment market size is expected to value at USD 13.24 billion by 2022. The market is subject to witness a substantial growth due to the ever-growing urban population, increasing disposable income, particularly in the developing economies across the globe, and rising health consciousness among the general population. The fitness equipment is utilized to perform different types of exercises in regards to the physical wellbeing of the individual along with weight management, enhancing body stamina, and muscular strength of the individuals. Globally, the market is predicted to grow at CAGR of 3.6% in forecast period, providing numerous opportunities for market players to invest in research and development of the fitness equipment market.

The fitness equipment that are increasingly used include treadmills, standing bicycles, abs & fitness twister, roller slide, cross trainer, and weightlifting machines. Factors responsible for robust market growth in the fitness equipment industry, in the recent years, include large number of obese population, rising health consciousness among general population, and increasing popularity of fitness equipment among younger population. Numerous initiatives undertaken by private and government authorities to promote corporate wellness programs are predicted to drive the growth of fitness equipment market in the upcoming years. However, high initial cost and increase in the resale activities of used devices are predicted to restrain market growth to a certain limit. Yet, soaring demand from developing economies across the globe are predicted to boost the demand for the fitness equipment over the forecast period.

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Additionally, recent improvements and upgradation in the existing health security policies by local as well international authorities such as The United Nations (UN) and the World Health Organization (WHO) are expected to foster market in the near future. Increasing adoption of fitness equipment helps to prevent and monitor chronic diseases such as diabetes. Furthermore, increasing popularity of the fitness equipment in the developed economies is attributed to factors such as rising healthcare expenditure, and development of sports and nutrition programs and initiatives in order to encourage people belong to all ages, and backgrounds, thereby leading to active and healthy lifestyle.

This market is broadly categorized into three major types based on type of the device such as cardiovascular training, strength training, and body monitoring and analyzers. The strength training fitness equipment is considered as one of the fastest growing segment in the fitness equipment market with substantial revenue generation in the last couple of years. Growing popularity of the strength training fitness equipment segment kits is attributed to the growing demand form developing economies worldwide, rising young population and growing personal disposable incomes.

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Cardiovascular exercise market segment has also witnessed substantial growth owing to the increasing adoption on global scale coupled with rising commendation by physicians and healthcare professionals. Other factors playing major role in the rapid growth of the fitness equipment market, in the recent years include busy lifestyles and changing food patterns.

The 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 for manufacturing of the fitness equipment, growing large obese and overweight population, rising amount of government regulations in order to encourage and promote health awareness among the citizens, and existence of well-established market players in the region.

Asia-Pacific region is predicted to hold major market share in the fitness equipment market with massive growth in forecast period. Countries such as India, China, Japan and South Korea are leading the Asia-Pacific market with rising health consciousness among general population, increasing personal disposable income, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the fitness equipment market are Amer Sports (Precor) Co., Brunswick Co., Cybex International Incorporations, Johnson Health Tech Co., Ltd., Nautilus Inc., Paramount Pvt., Ltd., Technogym Ltd., and Torque Fitness LLC.

Refrigerated Air Dryer Market Will Reach Height of USD 13.24 billion By 2024

Global Refrigerated Air Dryer Market is predicted to grow significantly in forecast period owing to the change in consumer lifestyle, rise in food consumption and healthcare requirements. A refrigerated air dryer removes water vapor from compressed air. Refrigerated air dryers are widely found in commercial and industrial facilities. The process of air compression focuses on atmospheric contaminants along with water vapor. A refrigerated air dryer removes moisture from the air with the help of a heat exchanger. An air-to-refrigerant heat exchanger cools the air so that the vapor condenses into water. This water is then collected and drained out of the system, which leaves only dry air.

Refrigerated air dryer has been a cost effective and energy saving solution to eliminate moisture from compressed air systems. Increase in demand for energy equipment has challenged manufacturers to introduce less power consuming refrigerated air dryers. Most refrigerated air dryers are economic in operation require low maintenance, competitively priced and offer a stable pressure dew point. The growing demand for large-scale industrialization in emerging countries of Asia Pacific is projected to drive the growth of refrigerated air dryer market in the coming years. Rise in use of sensor technology worldwide is also expected to fuel the market in future. The changing lifestyle in North America is impelling the demand for processed foods, which will ultimately boost the demand for refrigerated air dryers.

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Moreover, the entrance of several food processing business in United States is likely to open opportunities for refrigerated air dryer manufacturers. Increasing electricity prices along with limited dew point capability refrigerated air dryers may hinder the growth of refrigerated air dryer industry in future. The growing industrialization has stimulated the APAC economies like China and India to hold significant market share of refrigerated air dryer. Furthermore, eco-friendly operations and the increase in demand from the food processing and manufacturing industries will boost refrigerated air dryers industry. Also, the chemical application segment is expected to register sizeable market share in the coming years.

Drying technology is a combination of material science and transport phenomena. Since drying mechanisms consist of transient energy, mass and momentum transfer through a porous or nonporous medium, with or without chemical reactions, with phase change to describe and model them is a difficult task. Owing to this difficulty, there is no universal drying theory, which has created opportunities for research and development in several areas.

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Refrigerated air dryer market is categorized on the basis of product type, application, end-user, and geography. Based on product type, the market is divided into filters, dryer, after coolers, and others. From among others, filters segment is expected to hold larger market share of refrigerated air dryers. On the basis of application, the market is divided into plant air/ shop air, instrument air, process air, and breathing air. Plant air/shop air and process air are projected to be used widely for operational purposes.

In terms of end-use, refrigerated air dryer industry is segmented as chemical, paper, food & beverage, healthcare, automotive, steel, construction, aerospace, electronics and others. Owing to the growth of food and beverage segment due to growing population, the segment is expected to register significant market share in the forecast period. Geographically, refrigerated air dryers market is segmented as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific countries are likely to hold larger market share of refrigerated air dryer owing to extensive industrial activities in the region.

The key players in refrigerated air dryer industry are Atlas Copco, Gardner Denver, Donaldson Company, Emerson Climate Technologies, Mann+Hummel, KaeserKompressoren, Aircel Corporation, Elgi Compressors, Quincy Compressor, Sullair, Sullivan-Palatek, Van Air, Wilkerson Corporation, Ingersoll-Rand, Parker Hannifin, and AerzenerMaschinenfabrik.

Ground Handling System Market Will Reach Height of USD 189.09 billion By 2024

The global ground handling system market size is expected to value at USD 189.09 billion by 2022. The ground handling system industry is subject to witness a substantial growth due to the rising globalization, increasing the global air traffic, rising focus towards ground support operations at airports. Additionally, declining airfares, increasing number of aircraft fleets, rising availability of advanced facilities, and development of the luxury travel services are expected to drive the growth of ground handling system market over the forecast period.

Shifting trend towards convenience travel for passengers and increasing per capita income among general population are some of the key driver for market growth, in the recent years. Globally, the ground handling system is predicted to grow at a significant CAGR in the forecast period, providing numerous opportunities for market players to invest in research and development in the ground handling system.

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Rising demand for sophisticated services for airport operations and airline services to utilize every aspect of GH operations. The recent technological advancement in the aviation industry and development of novel products and technique such as use of robotics and digital communications are expected to positively influence the growth of the ground handling system in the upcoming years. In addition, shifting trend towards adoption of electric propulsion instead of fossil fuels is considered as key growth factor for ground handling system industry, in the near future.

Development of electric-operated and biogas powered towing automobiles coupled with favorable governmental policies are expected to boost overall market performance in the upcoming years. Use of electrically operated and biogas powered towing automobile for aircraft allows engines to stay powered off unless the aircraft is at the runway’s head.

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Growing number of operational airports and flights, particularly in the North America and European region are expected to incorporate numerous growth opportunities in the near future. Increasing investment by both local governments and private bodies to promote adoption of alternate fuel resources for handling equipment and vehicles, are propelling market expansion in the years to come. However, requirement for optimization of operations at the peak time is expected to negatively influence industry growth to a certain extent.

The ground handling system market is broadly categorized into three major types based on type of the equipment such as aircraft handling system, baggage & cargo handling system, and passenger handling system. Aircraft support equipment is considered as one of the fastest growing segment in the ground handling system industry with substantial revenue generation in the last couple of years. Aircraft support equipment majorly consists of air start units, refuels, tow bars, wedges, deicing and anti-icing instruments, and lavatory and water support instruments.

While the baggage and cargo support equipment market segment has also witnessed significant growth in the recent years as well owing to the increasing demand for transport wagons, tractors, baggage loaders, trailers, and containers. Some of the critical factors such as customer satisfaction, improvements in the aircraft turnaround time, superior airport’s operational efficiency, automation of various airport services, and a rise in air travel across the globe are fostering the growth of baggage and cargo support equipment segment, in the recent years.

The ground handling system 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 aviation industry, increase in domestic traveling, and existence of well-established industrial infrastructure in the region.

Asia-Pacific region is predicted to hold major market share in the ground handling system with massive growth in forecast period. Countries such as India, China, Japan and Singapore are leading the Asia-Pacific market with strong economic growth, increasing customer base for airlines, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the ground handling system industry are Dubai National Air Transport Association, Havas S.A., John Bean Technologies AeroTech SLU, SATS LLC, AERO Specialties, Inc., Aircraft Service International Group (ASIG), Inc., Imai Aero-Equipment Mfg. Co., Ltd., WeihaiGuangtai Airports Equipment Co., Ltd., Mallaghan Engineering Ltd., and Swissport International Ltd.

Glucosamine Market Will Reach Height of USD 757.3 million By 2024

Global Glucosamine Market is expected to reach USD 757.3 million by 2022. Glucosamine is a natural compound found in tough tissue that is cartilage, which cushions joints. People use it as a supplement to treat diseases like osteoarthritis and arthritis. It is mainly extracted from shells of shellfish to make dietary supplements; whereas its synthetic form is made in laboratories. The Glucosamine Market is estimated to grow at a significant CAGR of 8.4% over the forecast period as the scope and its applications are rising enormously across the globe.

Growing occurrence of chronic diseases like obesity, diabetes, and cancer and high demand from pharmaceutical industry are documented as major factors of Glucosamine Market that are estimated to enhance the growth in the years to come. However, high cost of glucosamine and presence of alternatives like fish oils, omega 3 fatty acid, and collagens are the factors that may restrain overall market in the coming years. Glucosamine industry is segmented based on product type, form, application, and region.

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Glucosamine sulfate, Glucosamine hydrochloride, and N-acetyl glucosamine are the product type that could be explored in Glucosamine in the forecast period. Glucosamine sulfate accounted for the substantial market share of Glucosamine and is estimated to lead the overall market in the coming years. This may be because of high demand from pharmaceutical industries to treat arthritis.

Several forms of Glucosamine like gel, powder, capsules, liquid, and tablets could be explored in Glucosamine in the forecast period. The market may be categorized based on applications like dairy products, nutritional supplements, food and beverages, and others that could be explored in the forecast period. Nutritional supplements sector accounted for the substantial market share of Glucosamine and is estimated to lead the overall market in the coming years. This may be because of rising demand for dietary supplements for maintenance of bone and joint.

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The key players of Glucosamine Market are Triarco Industries Inc., Alcan Chemical Division, Synasia Inc., Alfa Chem, Simpy Supplements, Cargill Inc., Schiff Nutrition International Inc., Fabrichem Inc., Nutrilite, Golden Shell Biochemical Co Ltd., Nutraceutix Inc., Koyo Chemical Company Ltd., and Marine Biochemical Co Ltd. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.

Market Segment:

Glucosamine Application Outlook (Volume, Tons, Revenue, USD Million, 2012 – 2022)
• Nutritional supplements
• Food &beverages
• Dairy products

Glucosamine Regional Outlook (Volume, Tons, Revenue, USD Million, 2012 – 2022)
  • U.S.
  • Europe
• Japan
  • Asia Pacific
  • RoW

Fish Oil Market Will Reach Height of USD 4.08 billion By 2024

The global fish oil market size is expected to value at USD 4.08 billion by 2022. The market is subject to witness a substantial growth due to the growing aquaculture activities across the globe. Increasing health consciousness among general population and growing awareness associated with health advantages of omega 3 fatty acid are considered as one of the prominent factors fostering the growth of fish oil industry over the forecast period.

Additionally, increasing need for hydrogenated vegetable oils and margarine coupled with varying food patterns among young population are expected to boost market demand for the market in the upcoming years. Globally, the fish oil market is predicted to grow at CAGR of 8.72% in forecast period, providing numerous opportunities for market players to invest in research and development in the market.

Furthermore, increasing demand form protective coatings and lubricants market is anticipated to drive market growth over the forecast period. Numerous health benefits associated with consumption of fish oil due to presence of omega-3 fatty acids is expected to drive market expansion in the upcoming years.

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Additionally, presence of icosapentaenoic acid and docosahexaenoic acid i.e. (DHA & EPA) that aids in limiting high blood pressure, cholesterol level, and reduces risk of coronary heart diseases such as strokes, thereby driving the growth of fish oil industry, in the recent years. Growing occurrence of heart related disorders based on changing food patterns and unhealthy diet among general population are anticipated boost demand of fish oil over the forecast period as well. Growing demand for fish oil for production of various cosmetic products and skin care products such as emollients and ointments is predicted to propel market growth in the near future.

Rise of the aquaculture sector coupled with technological advancement in farming sector, particularly in the developing economies such as China and India are expected to drive market expansion in the upcoming years. Additionally, factors such as favorable atmospheric conditions and abundant availability of farming land in the Asia Pacific region are driving market growth further. Growing demand for omega-3 supplements from functional food industry due to its numerous health benefits is estimated to fuel market demand for fish oil during the forecast period.

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However, high cost of the fish oil and lack of availability in the market prices, thereby creating a huge demand &supply gap are anticipated to limit market growth over the coming years to a certain extent. Although, rising research & development activities along with technological advancement in aquaculture farming is projected to stimulate market growth during next seven years.

Aquaculture is considered as one of the fastest growing segment in the fish oil market with substantial revenue generation in the last couple of years. Growing popularity of the aquaculture market segment is attributed to the increasing of breeding and regular stocking to improve overall output production. Salmon & trout market, which is sub-segment of aquaculture, has also witnessed significant growth owing to the robust farming base of salmon fish in European countries such as Norway and Chile.

The fish oil 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 techniques, increasing awareness of nutritional benefits of fish oil, and existence of well-established agriculture infrastructure. Asia-Pacific region is predicted to hold major market share in the fish oil market with massive growth in forecast period.

Countries such as China, India, Indonesia, Thailand, and Bangladesh are leading the Asia-Pacific market with rising health consciousness among general population, shifting trends awareness towards nutritional diet, growing aquaculture sector, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the fish oil industry are Croda Incorporations, COPEINCA ASA, EPAX AS, Omega Protein Co., GC Rieber Oils AS, Colpex International S.A.C., American Marine Ingredients LLC, Enzymotec Ltd., and Corpesca S.A.

Router and Switch Market Will Reach Height of USD 41.03 billion By 2024

The router and switch market is expected to gain USD 41.03 billion by 2022. Trends such as adoption to BYOD is encouraging companies to raise their allocation of budgets to enhance network security. The rise in need to enhance network security for effective management and offering support to multiple devices coupled with risk mitigation is expected to result in further market development during the forecast period.

Router and Switch Market is driven by factors such as rise in internet users and increase in bandwidth usage coupled with increase in use of Ethernet technology. Mobile phones have now become an important part of communication from the business point of view for speedy business operations. Rise in network communications and lowered operational costs with minimized time consumption are some of the factors responsible for the market growth in the forecast period.

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Based on service, the router and switch market is segmented into Ethernet service edge router, service provider core router, broadband aggregation (BRAS), Multi-service edge router, ATM Switch, Ethernet Aggregation, Ethernet Access, Internet Data Center, Ethernet Access and demarcation device. Multi-service edge router is anticipated to rise at a CAGR of 3.4% by 2022.

Geographical segmentation for router and switch industry includes North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. North America and Europe market grew at a significant CAGR in the forecast period registering a quarterly rise in the sales. Asia-Pacific regions have outgrown in the global scenario owing to increase in network infrastructure. The key players in the router & switch market include Actelis Networks, ADTRAN, ADVA Optical, ECI Telecom, Ericsson, Force10 Networks, Cisco Systems, Hatteras Networks, Huawei Technologies, Juniper Networks, RAD Data Communications Networks, Seabridge Networks, Tellabs Inc, ZTE Corporation, Telco Systems, ANDA Networks, Ceterus Networks and Foundry Networks.

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Router and Switch Product Outlook (Revenue, USD Million, 2012 – 2022)
• Internet Exchange Router
  • Service Provider Core Router
  • Multiservice Edge Router
  • Ethernet Service Edge Router
  • ATM Switch

Router and Switch Service Outlook (Revenue, USD Million, 2012 – 2022)
  • BRAS
  • Ethernet Aggregation
  • Ethernet Access
  • Internet Data Center
  • Others