Latest Market Trends

Collaborative Robots Market Is Burgeoning Worldwide By 2025

Collaborative robots (cobots) perform numerous tasks for assisting humans in different kinds of workspaces. They potentially improve productivity and offer comfort in various manufacturing tasks.

Global Collaborative Robots Market is expected to grow significantly in the forecast period owing to the noteworthy traction from the SMEs worldwide due to several benefits of collaborative robots. Collaborative robots (cobots) perform numerous tasks for assisting humans in different kinds of workspaces. They potentially improve productivity and offer comfort in various manufacturing tasks. Collaborative robots offer several benefits to a business like faster setup, flexible deployment, simplified programming, fastest payback and safer.

Collaborative robots market is driven by the potential of collaborative robots to operate with humans in small-spaced electronic assembly lines since they can be easily handled for short runs, tedious tasks and challenging duties. Rising demand for robotics due to wide applications, the need for efficient automation, low investment in cobots resulting in higher ROI and increasing government initiatives are encouraging the progress of the market.

However, the technologies used are highly susceptible to physical and cyber security threats, which could malfunction and lead to injuries and loss of lives. This is expected to hamper the growth of the market in the years to come. Another restraining factor of collaborative robots industry is the requirement of periodic system updates, on failing entails heavy losses.

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Innovations in the robotics industry is a major trend affecting the collaborative robot market. Efforts to make the collaborative robots perform completely in the manufacturing workspaces with no human presence is advancing. Besides, the existing players are heavily investing in the development of cobots integrated with machine learning and artificial intelligence. Increasing number of SMEs on the global scale is producing opportunities for the market of collaborative robots. With multi-tasking and enormous savings in terms of time and human efforts, these machines are being adopted extensively, creating more opportunities.

Collaborative robots industry is categorized on the basis of payload capacity, industry, application, and geography. On the basis of payload capacity, the market is divided into up to 5 kg, from 6 kg to 10 kg, and above 10 kg. Up to 5 kg segment held largest share in the past years and the trend is expected to continue in future as well. This can be attributed to the rise in demand for lightweight and moderate capacity collaborative robots due to features like easy installation, cost-efficient, high adaptability, which are essential for catering demands of small and medium enterprises.

Based on industry, collaborative robots market is divided into automotive, electronics, plastics & polymer, healthcare, metals & machining, food & agriculture, furniture & equipment, and others (including education, scientific research, consumer goods, logistics (3PL), and die cast and foundry robots). In the automotive industry, collaborative robots are used to conduct varied tasks like pick & place, packaging and palletizing, quality check, material handling, machine tending, etc. Owing to these tasks, automotive segment is expected to hold larger market share of collaborative robots in future.

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In terms of application, collaborative robots industry is split into assembly, machine tending, gluing and welding, packaging and palletizing, quality testing, pick and place, handling, and others (painting and polishing, injection molding, lab analysis, screw driving, press tending, analysis & testing, and specimen processing). Pick and place application is predicted to hold larger share owing to the ease in leading and unloading activities, reduced human involvement, and faster operations as compared to human laborers.

Geographically, the market is segmented as North America, Europe, Asia Pacific, and RoW. Europe, followed by North America and Asia Pacific are predicted to lead market of collaborative robots owing to the strict government initiatives to promote factory automation solutions. The prominent players of collaborative robot industry include ABB, Fanuc, KuKa Ag, Aubo Robotics, Robert Bosch, Kawasaki Heavy Industries, Ltd., TECHMAN Robots, Rethink Robotics, Precise Automation, Inc., Universal Robots, and Yasakawa Electric Corporation.

Market Segment:

Payload Outlook (Transaction Revenue, USD Billion, 2014 – 2025)
• Up to 5kg
• Up to 10kg
• Above 10kg

Application Outlook (Transaction Revenue, USD Billion, 2014 – 2025)
  • Assembly
  • Pick & Place
  • Handling
  • Packaging
  • Quality Testing
  • Machine Tending
  • Gluing & Welding
  • Others

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Global Bone Morphogenetic Protein Market is Booming Worldwide from 2020 to 2025

Molecular cloning of bone morphogenetic proteins validate their family of differentiation factors and each capable of stimulating the development of new bone tissue once implanted.

The global Bone Morphogenetic Protein Market is set to witness a higher CAGR during the forecast period. Molecular cloning of bone morphogenetic proteins validate their family of differentiation factors and each capable of stimulating the development of new bone tissue once implanted. Morphogenetic based products are a revolution for several therapies in orthopaedic practices. Technically, bone matrix comprises a diversity of protein components entailing an array of growth and differentiation factors. Developments in the biochemical techniques and inception of biotechnology certainly allows purification followed by molecular cloning

Driving factors for bone morphogenetic proteins market include rise in number of patients with spinal injuries along with an increase in surgical rate. Rise in spinal fusion, small bone surgeries and trauma are likely to propel the market growth in the forecast period. Low back pain is one of the main reasons occurring due to lifestyle disorders resulting into severe back conditions. Subsequently, the rise in orthopaedic surgeries growing by number is likely to gain a significant attention in the forecast period. By Type, the market is segmented as rhBMP-2 and rhBMP-7. Application segment for bone morphogenetic protein market includes trauma, spinal fusion, reconstructive surgery and oral-maxillofacial.

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Geographical segmentation for bone morphogenetic protein (BMP) market includes North America, South America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific regions are likely to gain a significant market growth due to rise in orthopaedic conditions and change in lifestyle. Favorable reimbursement is a major reason for market development.

North American and European regions are likely to attain higher position due to rise in minimally invasive surgeries, higher recovery time and rise in geriatric population. In addition, rise in awareness about alternatives for bone grafting is contributing to the market growth. The key players in the bone morphogenetic protein industry include Medtronic, R&D Systems, Sigma Aldrich Corp, ProSpec, DePuySynthes, Ember Therapeutics Inc and Cellumed Co Ltd.

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Market Segment:

Type Outlook (Market Revenue in USD Million, 2013 – 2024)
• rhBMP-2
• rhBMP-7

Application Outlook (Market Revenue in USD Million, 2013 – 2024)
  • Spinal fusion
  • Trauma
  • Reconstruction
  • Oral Maxillofacial

Regional Outlook (Market Revenue in USD Million, 2013 – 2024)
  • North America
      • U.S.
      • Canada
  • Europe
      • Germany
      • UK
  • Asia Pacific
      • Japan
      • China
      • India
  • Latin America
      • Brazil
      • Mexico
  • MEA
      • South Africa

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Power Over Ethernet (PoE) Market Will Accomplish Outstanding USD 61.55 billion Figure By 2025

The market is subject to witness a substantial growth due to the growing need for low cost solutions and increasing demand for high-speed internet. The Power over Ethernet (PoE) provides the transmission of data and information signals over the twisted pair Ethernet.

The global Power over Ethernet (PoE) market size is expected to value at USD 3.77 billion by 2025. The market is subject to witness a substantial growth due to the growing need for low cost solutions and increasing demand for high-speed internet. The Power over Ethernet (PoE) provides the transmission of data and information signals over the twisted pair Ethernet.

This allows passage for electric power alongside data to the devices like IP cameras and wireless access points. These factors are expected to drive the growth of Power over Ethernet (PoE) industry over next seven years. Globally, the Power over Ethernet market is predicted to grow at higher CAGR in the forecast period, providing numerous opportunities for market players to invest in research and development of the market.

The Power over Ethernet (PoE) technology offer higher data transmission rate and helps to save additional cost of installation for various network cables. In addition, development of innovative products such as network security based cameras, proximity sensors and RFID readers are predicted to favor the growth of Power over Ethernet (PoE) industry over the forecast period. The latest technological trends such as cloud-based services and big data analytics have led to deployment of numerous data centers across the globe, thereby fostering market expansion in the recent years.

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The growing investment by industry players for development of VoIP phones and wireless networking coupled with increasing penetration of the penetration of fiber-optic cable in domestic market are expected to stimulate industry growth in the near future as well. Recently introduced applications and delivery systems that allows customers to remotely operate or to switch to an IP service from POTS services, thus providing a versatile platform. These factors are expected to boost the market demand for Power over Ethernet (PoE) devices and the VoIP services.

The recent advancement in the Power over Ethernet (PoE), also referred as the PoE Plus, has led to improved capability to deliver power up to 34.2W, thus positively impacting market growth in the upcoming years. Rise in the number of application of the Ethernet cable is estimated to enhance the market growth over the next seven years.

The Power over Ethernet (PoE) market is broadly categorized into three major segments based on end-user application type such as residential Power over Ethernet (PoE) devices, commercial, and industrial Power over Ethernet (PoE) devices. The commercial Power over Ethernet (PoE) devices is considered as one of the fastest growing segment in the Power over Ethernet industry with substantial revenue generation in the last couple of years. Growing popularity of the commercial Power over Ethernet (PoE) device segment is attributed to increasing demand from the retail sector, healthcare sector and office buildings.

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Residential application has also witnessed massive growth, in the last few years, owing to the increasing penetration of IP cameras for security, webcams, and VoIP phones. Shifting consumer preference towards home automation and smart home appliances has also contributed to the segment growth.

The Power over Ethernet (PoE) 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 telecommunication sector, growing amount of investments by government R&D activities in the region, development of smart grids, and existence of well-established telecommunication network. Asia-Pacific region is predicted to hold a major market share in the Power over Ethernet (PoE) with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with rising availability of high-speed internet, growing disposable income among general population, presence of large consumer base, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the Power over Ethernet (PoE) industry are Cisco Systems, Inc., Silicon Laboratories, Inc., ST Microelectronics N.V., Microsemi Co., and Akros Silicon, Inc.

Market Segment:

PoE Product Outlook (Transaction Revenue, USD Billion, 2014 – 2025)
• Power Sourcing Equipment
• Powered Devices

PoE Application Outlook (Transaction Revenue, USD Billion, 2014 – 2025)
  • Residential
  • Commercial
  • Industrial

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Global Negative Pressure Wound Therapy (NPWT) Market to Witness Huge Growth By 2025

Negative pressure wound therapy is a therapeutic method that uses vacuum dressing to treat chronic or acute wounds and improve the healing of second and third degree burns.

Global Negative Pressure Wound Therapy Market is anticipated to grow considerably in the forecast period owing to the increasing prevalence of chronic and acute wounds worldwide. Negative pressure wound therapy is a therapeutic method that uses vacuum dressing to treat chronic or acute wounds and improve the healing of second and third degree burns. The vacuum process removes the fluid from wound and increases the flow of blood in the area. Negative pressure wound therapy uses the three types of filter materials for wound; open-cell foam, transparent and gauze film or honeycomb textile.

One of the major driving factors of negative pressure wound therapy market is the rising number of hospital that offers improved services for wound care. Most hospitals are recruiting professional healthcare physicians and nurses, which will impressively affect its wound care administrative facilities. Several innovations and developments are taking place in healthcare sector like advances in accessibility of quality tools and devices. These factors are improving patients’ satisfaction in hospitals, which ultimately drives the negative pressure wound therapy industry.

Over the years, the requirement for negative pressure wound therapy has extensively grown due to its benefits like improved treatment of transplant skin, reduced odds of wound diseases for open fractures and traumas and low hospital mortality in patients with mediastinitis. Nevertheless, unrecognized complications of negative pressure wound therapy like injuries and deaths due to infection and absence of proof of clinical sufficiency are expected to hinder the growth of negative pressure wound therapy (NPWT) market.

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Negative pressure wound therapy industry is categorized on the basis of product, wound type, end user, and geography. On the basis of product type, the industry is divided into standalone NPWT devices, single-use disposable NPWT devices, portable NPWT devices, and NPWT accessories (canisters). Owing to the increase in demand for small and smart devices, portable NPWT devices is expected to lead the market in the forecast period.

Based on wound type, negative pressure wound therapy market is divided into diabetic foot ulcers, venous leg ulcers, pressure ulcers, burn wounds, and others. In the recent years, large number of burn wounds cases have been registered. In terms of end user, the market is divided into home care settings, hospitals and others. The increase in demand for negative pressure wound therapy devices by hospitals is expected to lead hospital segment in the forecast period.

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Geographically, negative pressure wound therapy (NPWT) industry is segmented as North America, South America, Europe, Asia Pacific, and Middle East & Africa. North America followed by Europe are predicted to lead the market for negative pressure wound therapy in terms of revenue. Asia Pacific is expected to register significant growth in the coming years owing to the growing disposable income of consumers.

The key players in negative pressure wound therapy industry comprise ConvaTec, Smith & Nephew, Cardinal Health, Acelity, Talley Group Ltd, HARTMANN GROUP, and Mölnlycke Health Care.

Market Segment:

Global Product Outlook (Revenue, USD Million; 2014 – 2025)
• Conventional NPWT
• Single-use NPWT

Global Type Outlook (Revenue, USD Million; 2014 – 2025)
  • Diabetic Foot Ulcers
  • Venous Leg Ulcers
  • Pressure Ulcers
  • Burn Wounds
  • Others

Global End Use Outlook (Revenue, USD Million; 2014 – 2025)
  • Hospitals
  • Homecare
  • Others

Regional Outlook (Revenue, USD Million; 2014 – 2025)
  • North America
      • U.S.
      • Canada
  • Europe
      • Germany
      • UK
  • Asia Pacific
      • China
      • India
  • Latin America
      • Brazil
      • Mexico
  • MEA
      • South Africa

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Mixed Reality Market Is Rapidly Escalating Worldwide 2021

Mixed reality is derived from virtual reality as the computer systems work in a virtual and computer-generated environment.

The global Mixed Reality Market is likely to project a steady CAGR in the forecast period. Mixed reality is derived from virtual reality as the computer systems work in a virtual and computer-generated environment. Users are engrossed in the virtual environment by the means of visual, auditory, and tactile displays. The displays can detach users from their regular environment and create an illusion that the objects existing around them are in the condensed form. In MR systems, the users perceive physical elements along with digital elements as presented. Further, the systems are designed to create illusion for their users to reveal that the digital objects are in the same dimensions as physical ones.

The factors responsible for the mixed reality market include technological advances in the hardware technologies and mobile software. Rise in internet of things (IoT) and wearable devices are expected to witness significant market rise. The unification of advanced devices and proliferated use is likely to propel the market growth in the forecast period.

Component category for mixed reality market is likely to comprise software and hardware whereas wired and wireless formed as device type. Application segment for mixed reality industry includes aerospace, automotive, entertainment, retail and medical. Automotive & aerospace sector is anticipated to be a potential segment having a remarkable market share.

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Geographical segmentation for mixed reality market includes North America, South America, Europe, Asia-Pacific, Middle East and Africa. North American and European markets dominate the global scenario due to the presence of key players and technological foothold. In addition, the market witnesses robust changes from the organizational perspective in these regions. Asia-Pacific regions accounted for a significant market share owing to improvements in technological aspects and adoption of AR and VR techniques by start-up and organizations. The key players in the mixed reality industry include META Company, Magic Leap Inc, Microsoft Corporation and Alphabet Inc.

Market Segment:

Mixed Reality Component Type Outlook (Revenue, USD Million, 2015 – 2024)
• Hardware
• Software

Mixed Reality Application Type Outlook (Revenue, USD Million, 2015 – 2024)
  • Automotive & Aerospace
  • Medical
  • Entertainment
  • E-commerce & Retail
  • Others

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Mixed Reality Regional Outlook (Revenue, USD Million, 2015 – 2024)
  • North America
      • U.S.
      • Canada
      • Mexico
  • Europe
      • Germany
      • UK
  • Asia Pacific
      • China
      • Japan
  • South America
      • Brazil
  • Middle East & Africa

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Logistics Insurance Market Achieve Mildstone of USD 61.55 billion

Factors responsible for the robust market growth include incorporation of product in the insurance policy and limiting potential risks during the transfer.

The global Logistics Insurance Market size is expected to value at USD 61.55 billion by 2025. The market is subject to witness a substantial growth due to the rising consumer preference towards customizes insurance products and services. Factors responsible for the robust market growth include incorporation of product in the insurance policy and limiting potential risks during the transfer.

The primary goal of the logistics insurance market is to introduce new product in order to increase the after-tax income while charging an appropriate price for the product. Introduction of optimal prices for insurance policies by keeping certain factors in account is expected to favor market growth over the period of time. Globally, the logistics insurance industry is predicted to grow at higher CAGR in the forecast period, providing numerous opportunities for market players to invest for research and development in the market.

Growing competition in the market has led to development of different the price optimization technique, thereby propelling market demand in the upcoming years. Organizations offering logistics insurance identify the premium rates on the account of the historical data and price of the product accordingly. The recent technological advancement in the logistic industry coupled with development of tools such as predictive analytical models, what-if scenario simulation, and impact analysis are helping organization to determine product pricing, thereby propelling market demand over the forecast period. Product pricing is considered major enabler that requires a thorough understanding of the market competition, historical data, user preferences, and pricing strategies.

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Robust growth of the logistics insurance market is majorly attributed to factors such as expansion of logistics market across the globe, the high-end international trade flow and the strong economic growth in the developing economies such as India, China and Brazil. Increasing transportation & infrastructural activities in the Asia Pacific and North America region is anticipated to pay a way for large-scale demand for logistics insurance services in the upcoming years.

Additionally, intra-regional trade and international among developing economies across the globe coupled with higher growth rate in the Asia Pacific region are expected to drive the growth of logistics insurance industry over the forecast period. Furthermore, the rising investment made by industry participants in customer engagement activities with the help of different digital touch points involving mobile, social media, mail, and others is estimated to positively affect market advancements in the upcoming years. However, technological advancement in the logistics industry has led to complexity in claims procedure, thus requiring constant assistance to customers. These factors are expected to restrain market growth to a certain extent.

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The logistics insurance market is broadly categorized into three major segments based on type of industry such as transportation, marine, aviation, and others. The marine sector is considered as one of the fastest growing segment in the market with substantial revenue generation in the last couple of years. The increasing demand for logistics insurance from the marine segment is credited to current development of ports in the developing economies across the globe. In addition, declining cost of vessels and increasing contribution from cargo underwriters coupled with the reduction in deductibles and premium are expected to amplify market value of the marine segment.

The logistics insurance industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in logistics sector, favorable laws & regulation regarding reimbursement policies, and existence of well-established logistics network in the region. Asia-Pacific region is predicted to hold major market share in the logistics insurance with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with growing infrastructure spending, strong economic growth, introduction of improved regulatory standards, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the logistics insurance industry are American International Group, Inc., Allianz SE, DB Schenker Ltd., Dawson Companies, Inc., and G4S International Logistics Inc.

Market Segment:

Logistics Insurance Industry Outlook (Revenue, USD Billion, 2014 – 2025)
• Transportation
  • Marine
  • Aviation
  • Others

Logistics Insurance Regional Outlook (Revenue, USD Billion, 2014 – 2025)
  • North America
      • U.S.
      • Canada
  • Europe
      • Germany
      • UK
  • Asia Pacific
      • China
      • Japan
      • Singapore
  • Latin America
      • Mexico
      • Brazil
  • Middle East and Africa

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Hexane Market Is Burgeoning Worldwide By 2025

The Hexane market is projected to observe an exponential development due to growing demand from the business of oil & gas drawing out.

The global Hexane Market was appreciated at US$ 1.75 billion in the year 2015. It is estimated to develop at a substantial CAGR for the duration of prediction. The Hexane market is projected to observe an exponential development due to growing demand from the business of oil & gas drawing out. It proposes excellent presentation due to the possessions for example stress-free miscibility with ether, alcohol and chloroform, small water solubility with water, and transparency. These physical characteristics are projected to motivate the hexane market.

Growing usage of hexane in the manufacturing of petrochemicals and rubber is expected to increase the global market above the subsequent eight years. Furthermore, possessions for example the capability to conservation of color, eliminate undesirable flavor, and additional unwanted possessions of foodstuff are expected to motivate its demand in the manufacturing of eatable oil industry.

The Hexane industry on the source of Type of Application could span Leather Treatment, Industrialized Solvent, Bonding Agent Preparation, Removal of Eatable Oil. “Removal of Eatable oil” was the leading subdivision of application, responsible for above 35% stake of the international market capacity during the year 2015. Hexane is progressively utilized in the manufacturing of eatable oil such as an oil extracting for seed harvests. Development in this subdivision is credited to the growing alertness among customers on the subject of the usage of refined oil and the fitness influence connected with it.

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The application of Hexane as Industrialized Solvent is vital. It is estimated to develop at a CAGR of 3.0% for the duration of prediction. Usage of solvents have meaningfully altered the contemporary living and are a precious resolution for businesses extending from applications for example the production of cosmetics, bonding agent, printing ink, medicines, coats & coverings.

The Hexane market on the source of Type of Grade could span Extraction, Polymerization. The subdivision of Extraction grade ruled the international business and is responsible for above half of the international income during the year 2015. The business is increasing at a substantial speed due to the great standard improvement necessary by the businesses of drawing out and foodstuff productions.

The Hexane industry on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage in these areas, for the duration of the prediction could span North America, Europe, Asia Pacific, Latin America and Middle East and Africa. By the source of geography, Asia Pacific is the biggest and the speedy market of hexane.

Europe tracked the Asia Pacific by means of manufacture during the year 2015. Abstemiously increasing manufacturing of bonding agent and rubber projected to motivate the provincial demand. Increasing demand in the manufacturing of leather and footwear, mainly from Turkey and Italy expected to motivate provincial demand.

The economy of Europe is overpowering the latest financial go-slow; ithad ongoing positive influence on the manufacturing sector. On the other hand, Brexit projected to hold back development of the economy in the small course, additionally influencing business dynamic forces in the area. The market in North America is observing reasonable progress because of declining industrialized manufacture and greater infiltration important to a comparatively established economy. Companies are relocating their manufacturing units in Asia Pacific due to the obtainability of plot and trained manual labor by a reasonably lesser price.

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The statement revises Trades in terms of intake of Hexane in the market; particularly in North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the field on international level are NOAH Technologies Corporation, City Chemical LLC, GFS Chemicals, Inc., Mil-Spec Industries Corp., Aqua Phoenix Scientific, Continental Chemical, and Environmental Equipment & Supply. Additional notable companies operating in the market are- Del Amo Chemical Co., Clear Chem Solutions, Reagents, Hydrite Chemical Co., Hu kill Chemical Corp., Havilland Enterprises, Inc., Capitol Scientific, Dawn Scientific, GreenChem Industries, LLC, and Scientific Solutions, LLC.

Market Segment:

Global Hexane Grade Outlook (Volume, Kilo Tons; Revenue, USD Million, 2010 – 2024)
• Polymerization
• Extraction
• Others

Global Hexane Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2010 – 2024)
  • Edible Oil Extractant
  • Industrial Solvent
  • Adhesive Formulation
  • Leather Treatment
  • Others

Global Hexane Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2010 – 2024)
  • North America
      • U.S.
  • Europe
      • Germany
      • UK
  • Asia Pacific
      • China
      • India
      • Japan
  • Central & South America
      • Brazil
  • Middle East & Africa
      • Saudi Arabia
      • UAE

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Frozen Food Market Attain Height of USD 360.36 billion Worldwide

Frozen food products are able to retain maximum vitamins and minerals.

The global Frozen Food Market size is expected to value at USD 360.36 billion by 2024. The market is subject to witness a substantial growth due to the changing lifestyle patterns, shifting preferences among consumers towards ready-to-cook meals, increasing demand for convenience food, and growing focus towards hygienic food products. Frozen food products are able to retain maximum vitamins and minerals.

The freezing allows longer shelf life for the food products and limits any form of microbial growth that leads to food spoilage. In addition, increasing penetration by e-commerce retail stores is expected to fuel the growth of frozen food industry in the upcoming years. Increasing demand form staple food products from developed economies across the globe is propelling market growth as well, in the recent years. Globally, the frozen food market is predicted to grow at higher CAGR in the forecast period, providing numerous opportunities for market players to invest in research and development of the industry.

Advanced freezing techniques not only extends life span of the food products but also maintains their nutritional value. Increasing demand for frozen fruits and vegetables from developed and developing economies is expected to positively affect market performance of frozen food industry in the upcoming years. Furthermore, emergence of advanced refrigeration media for commercial and industrial application is predicted to boost market growth over the forecast period. Increasing import and export activities for frozen food products such as chilled beef products, frozen pizza, frozen fruits & vegetable, and many more, is expected to foster market growth. Rising import activities the China and India is bolstering market growth in the upcoming years.

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However, higher quantity of sodium and preservatives coupled with high-calorie value of the food product are projected to hamper the market growth to a certain extent. In addition, lack of availability of proper distribution channels and freezing facilities in rural areas of both developing and developed economies is limiting market progress, in the recent years. Yet, recent R&D activities by numerous large-scale packaged food manufacturers and advancement in freezing are estimated to offer lucrative growth opportunities for market players in the upcoming years.

Additionally, increasing penetration of large retail chains, supermarkets, hypermarkets, domestic stores and e-commerce websites in both developing as well as developed economies across the globe are expected to boost market demand for frozen food products in the upcoming years. Changing food patterns is one of the critical factor responsible for the expansion of frozen food market, in the recent years. Other factors such as changing lifestyle preferences, growing demand for convenience food, and need for maximizing limited leisure time, are expected to fuel market growth in upcoming years.

Frozen ready-to-cook meals is considered as one of the fastest growing segment in the frozen food industry with substantial revenue generation in the last couple of years. Growing popularity of the frozen ready-to-cook meal segment is attributed to growing popularity based on hygiene and timely preparation. The frozen potato segment has also witnessed massive growth, in the recent years due to rising demand for gluten free food products and high nutritional content.

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The frozen food 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 production & distribution of frozen food products, and existence of well-established industrial infrastructure in the region. Asia-Pacific region is predicted to hold major market share in the frozen food with massive growth in forecast period. Countries such as India, China, Japan and Singapore are leading the Asia-Pacific market with shifting trends towards convenience food, improved living standard, increasing per capita income, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the frozen food industry are General Mills, Inc., Ajinomoto Inc., Nestle S.A., Unilever Plc, Allens, Inc., The H. J. Heinz Company, McCain Foods Ltd., Dole Food Company, Inc., The Schwan Food Company, Inc., Rich Products Co., and Amy’s Kitchen Incorporations.

Market Segment:

Product Outlook (Revenue, USD Billion, 2014 – 2024)
• Frozen fruits & vegetables
  • Frozen potatoes
  • Frozen ready meals
  • Frozen meat
  • Frozen fish/seafood
  • Frozen soup
  • Other products

Regional Outlook (Revenue, USD Billion, 2014 – 2024)
  • North America
      • U.S.
  • Europe
      • Germany
      • UK
      • France
  • Asia Pacific
      • Japan
      • China
      • India
  • Central & South America
  • Middle East & Africa

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Ryan Manuel

Research Support Specialist, USA Email: ryan@millioninsights.com

Global Base Oil Market is Booming Worldwide from 2020 to 2025

Base oils are essential element for any lubricant. The formulation goes under chemical synthesis or crude oil when heat is applied.

Global Base Oil Market is anticipated to grow considerably in the forecast period owing to the increasing use of lubricants in the end-use industries like automotive and manufacturing. Base oils are essential element for any lubricant. The formulation goes under chemical synthesis or crude oil when heat is applied. During the heating process, heavy or light hydrocarbons are separated. Petrol and other fuels contain light hydrocarbon and base oil is made from heavy hydrocarbons. It is ideal for making gear oil, hydraulic oil, and premium engine oil.

Base oils have application in manufacturing industrial products along with motor oil, lubricating greases and metal processing fluids. They act as foundation of the lubricant, before blending it with a thickener or an additive in case of grease. Base oils are classified by the constituent base material, synthetic, vegetable and mineral. Their characteristics determine their holding capacity against numerous lubrication challenges. Major properties of base oil constitute as the index, pour point, oxidation, thermal stability, volatility, aniline point, and hydrolytic stability.

Base oil industry is driven by factors like growing automotive segment in the emerging economies of Asia Pacific that propels the demand for finished lubricants. Other drivers of base oil market include massive industrialization along with the growing acceptance of superior quality products, inclination towards group VI base oils and strict emission regulations.

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Conversely, steady shift to heavy and sour crude oil by the refiners and high cost of plummeting crude oil are few the challenges witnessed by base oil industry. However, the existing players in the market can predict new opportunities from gas-to-liquid technology, which will stimulate the supply of highly pure and superior quality base oil.

Moreover, the escalating demand from automotive segment for base oils, particularly from the developing economies and strict environmental regulations resulting to stringent performance standards is driving base oil market. Nevertheless, the changing prices of crude oil and protocols concerning emission rules are predicted to hinder the growth of the market in the years to come. However, the inclination from group I base oils to group II & group III is expected to display multiple growth opportunities to the market players.

Base oil industry is categorized on the basis of type, application and geography. On the basis of type, the market is divided into group I, group II, group III, group IV and group V. In terms of application, the industry is split into automotive oil, industrial oil, metalworking fluids, greases, and others. Automotive segment is expected to hold larger market share of base oil owing to the increase in demand for finished lubricant items in the automotive segment.

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Geographically, base oil market is segmented as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Owing to the growing industrial development, Asia Pacific is predicted to hold larger market share of base oil. The prominent players in base oil industry are BP PLC, Chevron Corporation, Evonik Industries AG, Ergon Inc., H&R Ölwerke Schindler GmbH, Exxon Mobil Corporation, Royal Dutch Shell PLC, Petronas Pvt. Ltd., SK Lubricants Co. Ltd., Total S.A., Nynas AB.

Market Segment:

Global Base Oil Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2024)
• Group I
  • Group II
  • Group III
  • Others

Global Base Oil Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2024)
  • Automotive Oils
  • Process Oils
  • Hydraulic Oils
  • Metalworking Fluids
  • Industrial Oils
  • Others

Global Base Oil Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 – 2024)
  • North America
      • U.S.
  • Europe
      • Germany
      • France
      • UK
      • Italy
      • Russia
      • Turkey
  • Asia Pacific
      • China
      • India
      • Japan
      • Southeast Asia
  • Central & South America
      • Brazil
      • Argentina
      • Venezuela
  • Middle East & Africa
      • Saudi Arabia
      • UAE
      • Jordan
      • South Africa
      • Egypt
      • Nigeria
      • Kenya

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Ryan Manuel

Research Support Specialist, USA

Email: ryan@millioninsights.com

Energy Management Systems (EMS) Market Is Burgeoning Worldwide By 2025

Energy management system is a supporting tool for economical management. It acts as a conversion of energy supply management for the SMEs and larger industries whose energy is organized by special contracts.

U.S. Energy Management Systems (EMS) Market is estimated to grow considerably in the forecast period owing to the growing need for efficient and reliable information technology platforms for optimizing, tracking and controlling of energy sources. Energy management system is a supporting tool for economical management. It acts as a conversion of energy supply management for the SMEs and larger industries whose energy is organized by special contracts. Energy management systems (EMS) enable centralized monitoring and help control the use of energy across building systems. They help the system operators in operating all standalone systems in a building concurrently from a web application or a single control device.

Energy management systems hold features like real-time monitoring, power quality investigation, historical data for comparing and diagnosing problems, automated billing, and customized reporting. Besides there are other advanced features also that are not used by the EMS managers. For example, the monitoring capabilities of energy management systems are highly proficient for enhancing (HVAC) and lighting and for minimizing energy use whereas most system operators are unable to explore these resources due to lack of time.

The energy consumption of several machinery, equipment and tools contribute towards considerable energy consumption of the plant. This results in synchronized monitoring and managing which has greater impact in improving the plant’s energy efficiency. Consequently, the monitoring and managing holds considerable market share in service industry and is predicted to continue to offer profitable business opportunities in the coming years. Furthermore, the improving long term advantages of energy efficiencies especially in developing economies like African and Asian regions is anticipated to boost the growth of training and consulting associated services, thereby affecting U.S. energy management systems industry.

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Energy management systems are gaining acceptability since they help increase productivity, gain competitive advantage, and reduce energy cost. Additionally, limited availability of fossils and government policies concerning energy conservation is attracting the attention of U.S. energy management systems market players. Every industry requires energy and hence, it becomes essential to install the (EMS) energy management systems. Despite technology progressing on a faster rate, the end-use consumers may not accept the same easily. Although numerous prospective buyers of energy management system are well acquainted of the benefits of deploying the system, they still implement the customary applications and technology. Limited expertise, financial obstacles and fragmented customers & stakeholders are few major challenges faced by U.S. energy management systems (EMS) industry.

The advent of strict building regulations and standards by local government display positive influence on the energy conservation and boost the industry. In addition, geopolitical regulations to reduce emissions with growing demand for reliable and clean energy will impel U.S. EMS market in the coming years. Regional government is also focusing to convert the current and new buildings to zero energy, which will control carbon footprints. This is estimated to drive the market in near future.

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U.S. energy management systems (EMS) industry is categorized based on service, component, type, and geography. Based on service, the market is divided into monitoring & control, implementation & integration, maintenance, and consulting & training. Based on component, U.S. energy management systems (EMS) market is divided into sensors, controllers, software, and others. Based on type, the market is divided into home energy management, building energy management system and industrial energy management systems. Geographically, the industry is segmented as United States, Canada and Mexico.

The prominent players in U.S. EMS industry comprise C3 Energy, Delta Electronics, Inc., GridPoint Inc., DEXMA, Honeywell International Inc., General Electric Company, Johnson Controls International PLC, Siemens AG, Yokogawa Electric Corporation and Schneider Electric S.E.

Market Segment:

U.S. Energy Management Systems (EMS) Product Outlook (Revenue, USD Million, 2014 – 2024)
• Industrial Energy Management System (IEMS)
• Building Energy Management System (BEMS)
• Home Energy Management System (HEMS)

U.S. Energy Management Systems (EMS) Component Outlook (Revenue, USD Million, 2014 – 2024)
  • Sensors
  • Controllers
  • Software
  • Batteries
  • Display Devices
  • Others

U.S. Energy Management Systems (EMS) Vertical Outlook (Revenue, USD Million, 2014 – 2024)
  • Power & Energy
  • Telecom & IT
  • Manufacturing
  • Retail & offices
  • Healthcare
  • Others

U.S. Energy Management Systems (EMS) End-Use Outlook (Revenue, USD Million, 2014 – 2024)
• Residential
• Commercial

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https://latestmarkettrends.news.blog

Get in touch

Contact Person:

Ryan Manuel

Research Support Specialist, USA Email: ryan@millioninsights.com