A Market Place Research – Page 1149

Next Generation Computing Market Value to Gain USD 782.10 Billion by 2030

The next generation computing market was valued at $132.53 billion in 2020, and is estimated to reach $782.10 billion by 2030, growing at a CAGR of 19.4% from 2021 to 2030.

On the basis of next generation computing market analysis Increase in demand for enhanced computing performance for data analysis and rise in usage of simulation & modeling in healthcare, BFSI, and energy sector drive the market growth. In addition, rise in need for secure computing platforms, influx of huge amounts of data, and increase in adoption of quantum computing technologies by numerous industrial sectors are also expected to drive the market growth. However, several technological challenges associated with programming quantum computers, and developing approximate and probabilistic computing algorithms are expected to hamper growth of the next generation computing technology during the forecast period.

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On the basis of component, the hardware segment dominated the overall next generation computing industry in 2020, and is expected to continue this next generation computing market trends during the forecast period. This is attributed to increase in adoption of next generation computing solution among enterprises to gain strategic as well as competitive advantage and strong customer retention over their competitors. In addition, these solutions save both time as well as money, leverage existing data investments, and improve image analysis capabilities, with just a single software application. Moreover, next generation computing service providers are upgrading their software solutions to expand the range of next generation computing applications to reach more customers, which provides lucrative opportunities for the market growth.

However, the service segment is expected to witness highest next generation computing market growth, as service segment of next generation computing industry ensures effective coordination between software provider companies and users of next generation computing software by providing services such as implementation, training, consulting services, and managed services. The adoption of these software speeds up the customer satisfaction of various industrial verticals such as BFSI, IT & telecommunication, and healthcare, which maximizes the value of existing customer by optimizing their needs and minimizes the cost of operation. This further fuel the adoption of services that are needed to handle the software properly.

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Depending on offering, the on-premise segment garnered the largest share in 2020, and is expected to continue this trend during the forecast period. This is attributed to numerous benefits provided by this on-premise deployment such as high level of data security and safety. However, the cloud segment is expected to witness highest growth in the upcoming years. As cloud deployment does not need any investment in IT infrastructure as all data is stored on cloud server, which increases the demand for of next generation computing software in small and medium scale organizations.

As per Next Generation Computing market forecast post COVID-19, the global next generation computing market size is estimated to grow from $ 158.02 billion in 2021, and reach $ 782.10 billion by 2030, at a CAGR of 19.4%.

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This report gives an in-depth profile of some key market players in the Next Generation Computing industry are IBM Corporation, Amazon Web Services Inc., Alibaba Group Holding Limited, Cisco Systems, Google Inc., HPE, Intel Corporation, Oracle Corporation, Atos SE and Intel Corporation. This study includes market trends, market analysis, and future estimations to determine the imminent investment pockets.

Key Findings of the Study –

By component, the solution segment dominated the Internet of Things Industry in 2020. However, the service segment is expected to exhibit significant growth during the forecast period.
On the basis of offering, the on premise segment accounted for the highest revenue of market in 2020; however, the cloud segment is expected to witness the highest growth rate during the forecast period.
Depending on organizational size, the large scale segment generated the highest revenue in 2020. However, the SMEs segment is expected to witness the highest growth rate in the near future.
By Type, the high performance computing segment dominated the next generation computing industry in 2020. However, the energy efficiency computing segment is expected to exhibit significant growth during the forecast period.

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Thermal Power Plant Market to Witness Exponential Growth by 2030

Thermal power plant is a power generation station that burns fossil fuels like coal, and petroleum to produce electricity. The power generation in the thermal power plant is done by utilizing the chemical energy stored in the fuel, burning it, and then converting it into mechanical energy. This mechanical energy is utilized to operate an electrical generator to generate electricity. Such thermal power plants are designed on a large scale for continuous operation for years. The device here is used to convert the thermal energy released by the fuel to mechanical energy called a turbine. In most thermal power plants, the fuel is used to heat water. This water on heating turns to steam which is then pressurized and used to run the turbines. Depending on the medium used to obtain mechanical energy, the turbine can be classified into steam turbines and gas turbines.

The global thermal power plant market is expected to head toward expansion in the coming years, owing to a rise in demand for electricity from residential, commercial, and industrial sectors. Upcoming power generation projects, a rise in industrialization, and an increase in consumption of electricity on account of the rise in energy needs in day-to-day life, especially from developing markets, are expected to have a positive impression on the market growth.

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Demand for thermal power plants has witnessed tremendous growth driven by escalating demand for energy on account of rapid industrialization and the increase in dependence on electrification. The rise in construction spending for developing residential buildings owing to the surge in population coupled with an increase in disposable income is expected to consume more energy during the forecast period. Furthermore, national grids are getting pressurized which is resulting in an increased demand-supply gap for power which is eventually driving the demand for thermal power plants, due to growing urbanization. In addition, the increase in urbanization and industrialization mainly in developing nations such as China, India, and Brazil has increased the demand for electricity which is anticipated to drive the demand for thermal power plants in the upcoming years. Besides research and development initiatives to lower operating cost, streamline logistical procedures, and increase efficiency offers an ample number of prospects for the industry participants. However, the advent of environmentally friendly technologies, strict regulations regarding greenhouse gas emissions, and health issues associated with coal-fired power generation are expected to hamper the growth of the thermal power plant market during the forecast period. Furthermore, advancement in combustion technologies is expected to provide growth opportunities for the thermal power plant market during the forecast period.

By fuel type, the global thermal power plant market size is studied across coal, gas, nuclear, and others. The coal segment accounted for the largest market share in 2020, as coal is a key source for power generation due to its abundant availability and low cost compared to other power generation processes. The coal segment dominated the global thermal power plant market with nearly half of the total market share in 2020.

Region-wise, the global thermal power plant market is studied across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for the largest market share in 2020, owing to upcoming power generation projects and growing industrialization. Asia-Pacific accounted for a major thermal power plant market share in 2020 and dominated the global market with more than two-fifths of the total market share in 2020.

The major players studied and profiled in the global thermal power plant industry are American Electric Power Company, China Huaneng Group Co. Ltd., Dominion Energy Solutions Inc., Duke Energy Corporation, Eskom Holdings SOC Ltd., Jindal India Thermal Power Limited, NTPC Limited, RWE Aktiengesellschaft, and Tenaga Nasional Berhad.

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Key findings of the study

In 2020, Asia-Pacific dominated the global thermal power plant market with around 45.66% share, in terms of revenue. In addition, it is also projected to grow at the highest CAGR of 3.6% in terms of value.
The coal segment dominated the global thermal power plant market with around 49.16% of the share in terms of revenue.
The gas segment is projected to grow at the highest CAGR of 3.7% in terms of revenue.

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Key Insights on $20.17 billion Opportunity in the Gin Market | Diageo plc., William Grant & Sons Limited, Bacardi Limited, Pernod Ricard S.A

According to a new report published by Allied Market Research, titled, “Gin Market by Type, Price Point, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021–2028,” the gin market was valued at $14.03 billion in 2020, and is projected reach $20.17 billion by 2028, registering a CAGR of 4.9% from 2021 to 2028

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Global Leaders:

Some of the key players profiled in the gin market analysis include Diageo plc., William Grant & Sons Limited, Bacardi Limited, Pernod Ricard S.A., San Miguel Corporation, Southwestern Distillery, Davide Campari-Milano N.V., Remy Cointreau, Lucas Bols, and Forest Spirits’ Gin.

According to the report published by the Anno Distillers (UK) 2020, gin originated in the 16th century in Europe, and today is consumed in approximately 100 countries worldwide. Initially, it was a medicinal purpose liquor and currently has become an internationally recognized alcoholic beverage. It is frequently sipped with other beverages to enjoy in a trendy cocktails format or as a pre-dinner drink.

The proportion of gin market revenue is expected to surge by about 4.5% year-on-year growth globally. On the other hand, the volumetric consumption of gin is expected to reach 88.4 million 9-liter cases by 2023. Gin market growth continued to perform decently in both off-trade and on-trade channels. However, the outbreak of novel coronavirus has impacted the g through on-trade channels worldwide.

Manufacturers are increasingly focusing on online retailing by dealing with e-commerce giants and developing e-delivery system. According to the report published by IWSR Drinks Market Analysis Limited 2020, the alcohol e-commerce sales are expected to rise by 42% in the core market areas such as the U.S., the UK, Spain, Japan, Italy, Germany, France, Brazil, China, and Australia. Among these, the UK is the largest producer, consumer, and exporter of all types of gin, and the consumers in the country are enjoying several options of the product. Thus, manufacturers are capitalizing on increasing production capabilities and export destinations to meet the growing demand from several overseas market.

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In developed markets, individuals prefer to “drink better, not more” and seek for products that meet their superior quality, taste, and authenticity. Thus, in response to sustained premiumization of spirits, manufacturers are developing more premium and luxurious gin, which is likely to witness increased adoption among Asian consumers during the forecast period.

The global gin market is segmented into type, price point, distribution channel, and region. By type, the gin industry is segregated into London dry gin, old tom gin, plymouth gin, and others (navy strength gin & bols genever). Depending on price point, the market is classified into standard, premium, and luxury gins. On the basis of distribution channel, it is fragmented into on-trade (pubs, restaurants, bar, and others) and off-trade (online retailers, specialty stores, supermarkets, convenience stores, and others). Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Key Findings Of The Study

On the basis of type, the London dry gin accounted for the highest gin market share in 2020, growing at a CAGR of 5.50%, and old tom gin segment exhibited the second highest CAGR of 4.80%.
Depending on price point, the premium gin accounted for about 43.35% of market share in 2020. However, the luxury gin type is expected to grow at a higher CAGR of 5.60% during the forecast period, owing to increase in consumer standards and improvement in economic stability.
Among the distribution channel, the on-trade channel is anticipated to exhibit a decent growth rate during the coming years. However, the outbreak of COVID-19 has declined the revenue generation from this sales channel in 2020, thereby resulting in a decent surge in online sales of the gin and other alcoholic beverages.
Region wise, Europe garnered 54.66% of the market share, and is expected to grow at a CAGR of 4.30% during the gin market forecast period.

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Water Sports Gear Market is projected to reach $55.2 billion by 2027, registering a CAGR of 3.6% from 2020 to 2027

According to a new report published by Allied Market Research, titled, “Water Sports Gear Market by Product Type, Age Group, and Distribution Channel: Opportunity Analysis and Industry Forecast, 2020–2027,” the global water sports gear market size was valued at $43.2 billion in 2019, and is projected to reach $55.2 billion by 2027, registering a CAGR of 3.6% from 2020 to 2027. Water sports gears are one of the most integral parts of water sports. They are used as a wearable product that provides safety as well as increases efficiency in performing water sports activities such as snorkeling, rafting, diving, swimming, knee boarding, and others. These includes safety helmets, life jackets, Swim mask & goggles, Swim fins, wetsuits, swimsuits, and others. In addition, the expansion of distribution channels has made water sports gear products easily accessible to the customers, which in turn contributes toward the overall growth of water sports gear market.

Water sports gear such as safety helmet, life jackets, buoyancy control device (BCD), dive computers, and others protect water sports participants from getting injured. For instance, the buoyancy control device enables divers to change lanes underwater and prevents diver from falling deep into chasm and also it enables cave & wreck divers penetrate overhead environment safely. Moreover, safety helmets protect the head of the swimmers and others from getting injured. Thus, this advantage offered by these water sports gear has increased their demand among the users, including coaches and sport persons. This in turn ultimately contribute toward the water sports gear market share in terms of value sales.

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The global water sports gear market is segmented on the basis of product type, age group, distribution channel, and region. By product type, it is classified into watersports clothes, swim fins, swim mask & goggles, BCD (buoyancy control device), watches, life jackets, safety helmets, and others. By age group, water sports gear market is divided into kids, adults, and geriatric. Based on distribution channel, the market is segregated into specialty store, franchise store, online store, supermarket/hypermarket, and others. Region wise, the water sports gear market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Australia, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

By product type, the watches segment is anticipated to grow at the highest CAGR of 5.39% during the forecast period. This is attributable to the IOT (Internet of Things) embedded and waterproof swim watch that enables swimmers and athletes to track timing, pace, distance, stroke count, number of laps, stress level, heart rate, online training logs, and others. Thus, assisting athletes and other water sports enthusiast to monitor, track, analyze, and improve their performance boost the demand for swim watch popular among swimmers. This in turn is expected to offer immense water sports gear market opportunity in terms of value sales.

Moreover, by age group, the kid segment is anticipated to grow at a highest CAGR of 4.07% in terms of value sales during the water sports gear market analysis period. This is because, nowadays children are not restricting themselves to only studies but are also focusing on extra curriculum activities to learn and explore new things. Thus, they are also actively participating in activities such as swimming, boating, surfing, rowing, and others.

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Furthermore, by distribution channel, the online store segment is anticipated to be the fastest growing segment in terms of value sales during the forecast period. This is because, online platforms or e-commerce are becoming a popular medium for the purchase of sporting goods including water sports gear among the customers, owing to easy availability of water sports gear and the benefits provided by it such as the information about the product functional attribute, time-saving feature, and the facility of home delivery to the customers.

Key findings of the study

By product type, the water sports clothes segment accounted for the highest market share in 2019, growing at a CAGR of 1.95% from 2020 to 2027.
By age group, the adult segment accounted for the highest market share in 2019, growing at a CAGR of 2.6% from 2020 to 2027.
By distribution channel, the franchise store segment accounted for the highest water sports gear market share in 2019, growing at a CAGR of 2.51% from 2020 to 2027.
By region, North America occupied the maximum share in the water sports gear market in 2019 and is expected to dominate the market during the water sports gear market forecast period.

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The key players operating in the global water sports gear industry include Cressi S.p.A., Aqua Lung International, JOHNSON OUTDOORS INC., Tabata Co., Ltd., Mares S.p.A, Beuchat, O’Brien, Oneill, Puma and Speedo International.

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Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client’s insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

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Liquefied Petroleum Gas Market to Witness Robust Expansion throughout the Forecast Period 2021 – 2030

Liquefied petroleum gas (LPG) is obtained from the compression and cooling of two gases named propane and butane, which are formed from oil wells. Liquefied petroleum gas is mostly used as fuel for cooking, heating, and transportation fuel. LPG is non-toxic, non-corrosive, and clean as compared to gasoline.

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The liquefied petroleum gas market is anticipated to witness considerable growth during the forecast period. This is attributed to factors such as the rise in demand for LPG from various applications such as residential, commercial, and industrial. In addition, government initiatives to encourage the commercialization of LPG as cooking and auto fuel promote the growth of the liquefied petroleum gas market. However, the rapid development of the renewable energy sector and the high installation cost of refineries are restraining the growth of the market globally. Conversely, an increase in investment in oil & gas exploration and production activities is anticipated to provide potential growth opportunities in the upcoming years.

Significant development of the end-use industries such as oil & gas, food & beverages, manufacturing, construction, and transportation is fueling the growth of the liquefied petroleum gas market during the forecast period. In addition, advantages associated with liquefied petroleum gas such as clean burning, low maintenance, eco-friendly, and instant heat production is driving the growth of the market, globally. However, disadvantages associated with LPG such as hazardous, more consumption, high cost than CNG, higher ignition temperature, and high installation cost of refineries are the key factors hampering the growth of the global market in the upcoming years.

Depending on the source, the non-associated gas segment held the highest market share of about 52.4% in 2020 and is expected to maintain its dominance during the liquefied petroleum gas market forecast period. This is attributed to rising in the production of liquefied petroleum gas from the non-associated gas source, which is extracted from natural gas wells. In addition, a rise in demand for LPG from various domestic and industrial applications is anticipated to fuel the growth of the market from 2021 to 2030.

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On the basis of application, the residential segment holds the largest share, in terms of revenue, and is expected to maintain its dominance during the forecast period. This growth is attributed to the rising demand for liquefied petroleum gas from residential applications such as space & water heating, cooking, and power generation. In addition, it provides benefits such as cost-effectiveness, energy efficiency, and eco-friendly, which further drive the market growth in the coming years.

Region-wise, the market is analyzed across four major regions such as North America, Europe, Asia-Pacific, and LAMEA. Europe garnered the highest growth rate during the forecast period. This is attributed to the presence of key players and a huge consumer base in the region.

In addition, liquefied petroleum gas is gaining importance in the construction, food & beverages, manufacturing, residential, agriculture, and transportation industries in the region, owing to government initiatives toward reducing carbon emissions and the aim of the European Union to be climate neutral by 2050, which, in turn, is expected to augment the growth of the liquefied petroleum gas market in Europe during the forecast period.

The global market analysis covers in-depth information of the major liquefied petroleum gas industry participants. The key players operating and profiled in the report include Saudi Arabian Oil Co., China Gas Holdings Ltd., Chevron Corporation, Bharat Petroleum Corporation Limited (BPCL), FLAGA GmbH, Repsol, Kleenheat, Total SE, Reliance Industries Limited, and Exxon Mobil Corporation.

Other players operating in the value chain of the global liquefied petroleum gas market are JGC Holdings Corporation, Royal Dutch Shell Plc., PETRONAS, PetroChina Company Limited, and Qatargas Operating Company Limited.

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Key Findings of The Study

In 2020, the non-associated gas segment accounted for about 52.4% of the share in the global LPG market and is expected to maintain its dominance till the end of the forecast period.
In 2020, the associated gas segment garnered a 22.5% liquefied petroleum gas market share in the year 2020 and is anticipated to grow at a rate of 7.0% in terms of revenue.
Industrial is the fastest-growing application segment in the global liquefied petroleum gas market, expected to grow at a CAGR of 8.4% during 2021–2030.
Europe is expected to grow at the fastest rate, registering a CAGR of 7.5%, throughout the forecast period.
In 2020, LAMEA dominated the global liquefied petroleum gas (LPG) market with more than 35.9% of the share, in terms of revenue.

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Coiled Tubing Market Present Scenario and Growth Prospects 2021 – 2030

Coiled tubing is the continuously manufactured tubular product usually made up of steel and is flexible enough to be coiled onto a large reel. The coiled tubing unit consists of a number of the necessary equipment including a reel, injector head, control cabin, power pack, well control stack assembly, and others. It is commonly used in the operations such as cleaning wellbores, fishing operations, stimulation of new & existing wells, drilling, production, and well intervention services. Key benefits associated with coiled tubing technology are safe & efficient live well operation, rapid mobilization, less production time, reduced manpower, cost reduction, and others.

The coiled tubing market is anticipated to witness considerable growth during the forecast period. This is attributed to factors such as the rise in demand for well intervention services & redevelopment of aging oilfields. In addition, the increase in demand for oil & gas products and crude oil across the globe fuels the growth of the market. However, operational risks and disadvantages associated with coiled tubing are restraining the growth of the market globally. Conversely, an increase in investment in oil & gas exploration and production activities is anticipated to provide potential coiled tubing market opportunities in the upcoming years.

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Significant development of the end-use industries such as oil & gas, mining, manufacturing, construction, automotive, and others, fuels the demand for oil &gas for their various operations, which in turn is expected to drive the growth of the coiled tubing market. In addition, the rise in investment toward horizontal drilling and offshore oil & gas exploration &production drives the growth of the market, globally. However, the implementation of stringent government regulations toward environmental pollution from the combustion of oil & gas and the rapid development of the electric vehicle sector are the key factors hampering the growth of the global market in the upcoming years.

Depending on the operation, the pumping segment held the highest market share of about 36.1% in 2020 and is expected to maintain its dominance during the coiled tubing market forecast period. This is owing to a rise in demand for coiled tubing from a variety of fluid pumping operations such as oil well cementing, pressure testing, solvent pumping, acidizing treatments, and others. In addition, there is an increase in the need for acid pumping operations, to open the pores of limestone layers, which drives the growth of the market during the forecast period.

On the basis of location, the onshore segment holds the largest share, in terms of revenue, and is expected to maintain its dominance during the forecast period. This growth is attributed to a rise in demand for oil & gas and related products led to an increase in the demand for coiled tubing. In addition, the rise in onshore sites propels the market growth, as onshore sites are easily operatable and it takes fewer years for production in comparison to offshore. Moreover, 70.0% of the world’s oil &gas come from onshore sites, which notably contributes toward the growth of the coiled tubing market during the forecast period.

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On the basis of application, the good intervention segment holds the largest share, in terms of revenue, and is expected to maintain its dominance during the forecast period. This growth is attributed to the rise in demand for oil &gas products across the globe in various end-use applications including building & construction, transportation, power generation, and others increasing the demand for well intervention services to enhance the production of operational and abandoned oil & gas wells.

On the basis of region, the market is analyzed across four major regions such as North America, Europe, Asia-Pacific, and LAMEA. North America garnered the dominant share in 2020 and is anticipated to maintain this dominance in the coiled tubing market trend during the forecast period. This is attributed to the presence of key players and a huge consumer base in the region.

In addition, recent developments of shale oil reserves in the region are further projected to fuel the growth of the coiled tubing market during the analyzed time frame. The huge production and exportation of oil are anticipated to fuel the demand for coiled tubing services, which in turn is projected to fuel the growth of the market in the upcoming years.

The coiled tubing market analysis covers in-depth information on the major coiled tubing industry participants. The key players operating and profiled in the report include Altus Intervention, Calfrac Well Services Ltd., Baker Hughes Company, Halliburton, Step Energy Services, Key Energy Services, LLC, Oceaneering International, Inc., Schlumberger Limited, Trican, and Weatherford International PLC.

Other players operating in the value chain of the global coiled tubing market are Basic Energy Services, Weltec, Expro Group, Superior Energy Services, Inc., Deepwell AS, and Hunting Energy Services.

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Key Findings Of The Study

In 2020, the pumping segment accounted for about 36.1% of the share in the global coiled tubing market and is expected to maintain its dominance till the end of the forecast period.
In 2020, the onshore segment accounted for 60.8% coiled tubing market share in the year 2020 and is anticipated to grow at a rate of 4.2% in terms of revenue, increasing its share in the global market.
In 2020, the good intervention segment accounted for about 51.4% of the share in the global coiled tubing market and is expected to maintain its dominance till the end of the forecast period.
Drilling is the fastest-growing application segment in the global coiled tubing market, expected to grow at a CAGR of 5.4% during 2021–2030.
In 2020, North America dominated the global coiled tubing market with more than 32.8% of the share, in terms of revenue.

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Aviation Insurance Market : Key players Ace Aviation, Allianz, American International Group, Inc., AXA .

According to a recent report published by Allied Market Research, titled, “Aviation Insurance Market by Insurance Type and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global aviation insurance market size was valued at $3,430.20 million in 2020, and is projected to reach $5,759.97 million by 2030, registering a CAGR of 5.6% from 2021 to 2030.

Aviation insurance is a type of non-life insurance normally covers physical damage to the aircraft and legal liability arising out of its ownership and operation. In addition, specific policies are also available to cover the legal liability of airport owners arising out of the operation of hangars or from the sale of various aviation products.

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Based on application, commercial aviation insurance segment contributed a major share in 2020, owing to high hull values and high liability limits associated with aviation insurance policies, most insurance carriers must themselves purchase insurance to help spread the risk, preventing any one claim from bankrupting a company.

However, the general and business aviation insurance segment is expected to witness fastest growth during the upcoming years owing to increase in demand for travel and tourism with airlines and increasing number of sky diving institutes.

Key Findings Of The Study

By insurance type, the passenger liability insurance segment accounted for the largest aviation insurance market share in 2020.
Region wise, Asia-Pacific generated highest revenue in 2020.
Depending on application, the commercial aviation segment generated the highest revenue in 2020.

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Key players operating in the global aviation insurance industry include Ace Aviation, Allianz, American International Group, Inc., AXA, Berkshire Hathaway Inc., Chubb, MARSH LLC, Munich Re, Tokio Marine HCC, and Willis Towers Watson. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global aircraft insurance market.

AI in Insurance Market : https://www.alliedmarketresearch.com/ai-in-insurance-market-A11615

Asia-Pacific Usage based Insurance Market: https://www.alliedmarketresearch.com/asia-pacific-usage-based-insurance-market-A15889

Identity Theft Insurance Market : https://www.alliedmarketresearch.com/identity-theft-insurance-market-A11987

Two wheeler Insurance Market: https://www.alliedmarketresearch.com/two-wheeler-insurance-market-A07582

Aviation Insurance Market: https://www.alliedmarketresearch.com/aviation-insurance-market-A14877

Commercial Auto Insurance Market: https://www.alliedmarketresearch.com/commercial-auto-insurance-market-A14156 India Dental Insurance Market: https://www.alliedmarketresearch.com/india-dental-insurance-market-A13997

Takaful Insurance Market: https://www.alliedmarketresearch.com/takaful-insurance-market-A11835

IoT Insurance Market: https://www.alliedmarketresearch.com/iot-insurance-market-A09784

Usage-Based Insurance Market: https://www.alliedmarketresearch.com/usage-based-insurance-market

North America Travel Insurance Market: https://www.alliedmarketresearch.com/north-america-travel-insurance-market

Asia-Pacific Travel Insurance Market: https://www.alliedmarketresearch.com/asia-pacific-travel-insurance-market

Motor Insurance Market: https://www.alliedmarketresearch.com/motor-insurance-market-A06190

Life Reinsurance Market: https://www.alliedmarketresearch.com/life-reinsurance-market-A06698

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Membrane Pump Market Showing Impressive Growth during Forecast Period 2021 – 2030

Membrane pumps are part of the positive displacement pump group. An air motor propels it forward. The compressed air that is injected into the air chambers behind the membranes is used to move two membranes that are connected by a pump shaft back and forth. Membrane pumps are employed in a variety of industries, including construction and chemical industries due to their capacity to handle diverse types of fluids. The only stipulation is that compressed air should be available. Depending on the mechanism and operational needs of end-use applications, they are made in a variety of ways.

An increase in demand for membrane pumps from end-use industries, such as chemical, water & wastewater treatment, is expected to drive the membrane pump market during the forecast period. Moreover, technological advancement has resulted in an increase in the adoption of membrane pumps in many industries. However, a problem associated with pulsation is expected to hinder the market growth.

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The rise in investment in water treatment facilities and the oil & gas industry is expected to be the main driver of the global membrane pump market. Increased demand for freshwater as a result of the rising population, rapid industrialization, and urbanization has boosted the market growth in developing countries. Many compact membrane pumps with simpler designs have been developed as a result of technological breakthroughs. This resulted in a rise in membrane pump usage across a wide range of sectors, resulting in the membrane pump market’s consistent expansion during the forecast period. Moreover, membrane pumps provide qualities, such as variable flow control, minimal maintenance costs, and little downtime, that make them excellent for a wide range of applications. Membrane pumps are well suited to transfer poisonous and corrosive fluids without leakage in various offshore drilling applications, which is expected to boost the membrane pump market during the forecast period. These are some of the membrane pump market trends observed globally.

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The membrane pump market is segmented on the basis of method, operation, discharge pressure, end-use industry, and region. By method, the market is classified into air operated and electrically-operated. By operation, the market is bifurcated into single and double. By discharge pressure, the market is classified into up to 80 bar, 80 to 200 bar, and above 200 bar. By end-use industry, it is classified into chemical, water & wastewater treatment, food & beverages, pharmaceutical, oil & gas, and others. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest share of the market, followed by LAMEA and Europe.

The membrane pump industry is consolidated in nature with a few players, such as EMEC s.R.l., Flowserve Corporation, Grundfos Holding A/S, Ingersoll Rand, Leak-Proof Pumps, LEWA GmbH, SEKO S.P.A., TAPFLO AB, and Xylem, Inc. significant share of the market. These players have been adopting various strategies to gain a higher share or to retain leading positions in the market.

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Key Findings Of The Study

The air-operated segment accounted for the largest share in 2020 and is projected to grow at the highest CAGR of more than 5%.
The double segment accounted for the largest share in 2020 and is projected to grow at the highest CAGR of 5%.
The up-to-80 bar segment accounted for the largest share in 2020 and is projected to grow at the highest CAGR of more than 5.4%.
The Water & Wastewater Treatment segment accounted for the largest share of the membrane pump market in 2020.
Asia-Pacific accounted for the largest share of the membrane pump market in 2020 and is projected to grow at the highest CAGR of 5.4%.

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Hard Seltzer Market Expected to Reach $10,921.9 Million by 2027 | Truly, White claw, Barefoot Cellars, Future Proof Brands LLC, Bon & Viv, Ficks & Co, Nude

According to a new report published by Allied Market Research, titled, “Hard Seltzer Market by ABV Content, Packaging, and Distribution Channel: Opportunity Analysis and Industry Forecast, 2020–2027,”

The global hard seltzer market size is expected to reach $10,921.9 million by 2027 at a CAGR of 12.7% from 2021 to 2027.

The players operating in the product market have adopted product launch and business expansion as their key developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Truly, White claw, Barefoot Cellars, Future Proof Brands LLC, Bon & Viv, Ficks & Co, Nude, Kona Brewing Co., Lift Bridge Brewing Co., and Bud Light Seltzer.

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Hard seltzer, spiked seltzer, or hard sparkling water is a type of highball drink containing carbonated water, alcohol, and fruit flavoring. The fruit-flavored sparkling hard seltzer can or bottle is with just 100 calories, one gram of sugar, and 5% alcohol by volume (ABV). This has made it massively appealing among health-conscious consumers.

Rise in disposable income and increase in expenditure on alcoholic beverages drive the growth of the product market. Furthermore, rise in consumption rate of alcoholic drinks and increase in trend of hard seltzer among the young population are some of the other factors that fuel the demand for hard seltzer in the market.

The development of new innovative & fruity flavors and introduction of new ingredients along with the introduction of new fermenting processes by various companies are the major factors that are expected to expand the global hard seltzer market growth. Moreover, young generation and millennials have found increased appeal in flavored hard seltzer beverages, which further drives the growth of the hard seltzer industry during the forecast period.

According the hard seltzer market trends, the product market is segmented into ABV content, packaging, and distribution channel, and region. By ABV content, it is categorized into ABV less than 5% and ABV more than 5%. Depending on packaging, it is fragmented into metal cans, glass bottles, and plastic bottles. On the basis of distribution channel, it is differentiated into off-trade and on-trade. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, Ireland, the Netherland, Sweden, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

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On the basis of ABV content, the ABV less than 5% segment was valued at $2,092.7 million in 2019, and is projected to reach $ 5,622.2 million by 2027, registering a CAGR of 11.9 % from 2021 to 2027. This is majorly attributed to growing health concerns and increasing fad of flavored alcoholic beverages and ciders. Furthermore, casual or irregular alcohol drinkers are majorly attracted toward the hard seltzers, owing to low ABV content and increased consumption in family parties.

On the basis of packaging, the glass bottles segment was valued at $1,194.0 million in 2019, and is expected to reach $3,673.0 million by 2027, registering a CAGR of 13.8 % from 2021 to 2027. Glass bottles has gained significant popularity in the beverage industry and is expected sustain its popularity throughout the hard seltzer market forecast period. Glass container is popular in alcohol beverage industry, owing to the aesthetic appearance and transparent nature, which allows the manufacturer to showcase the premium quality of the product inside. Furthermore, glass is 100% recyclable without the loss of quality and sturdiness. The majority of utilized glass bottles are used for the production of new glass bottles.

On the basis of distribution channel, the on-trade segment is estimated to reach $4,371.8 million by 2027, at a CAGR of 13.2%. The on-trade segment includes outlets like bars, restaurants, coffee shops, clubs, pubs, and hotels. Growth in the tourism & hospitality industry and young population is likely to surge the demand for hard seltzer through on-trade channels. People majorly prefer to have alcoholic beverages in hotels, restaurants, bars, and pubs, owing to privacy, hospitality, and premium services, which further adds to the growth of the on-trade hard seltzer market.

Region wise, North America dominated the Hard Seltzer market in 2019, and is projected to sustain its dominance during the forecast period. North America hard seltzer market is driven by increase in young‐adult demographic and rise in consumer demand for premium/super premium alcoholic beverages. Furthermore, the leading alcoholic beverage manufacturers are investing in the product market and coming up with hard seltzer under their well-known alcohol brand, which is likely to get major popularity in short period of time, which in turn, boost the demand for hard seltzer during the forecast period.

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Key findings of the study

The hard seltzer market was valued at $3,831.9 million in 2019, and is estimated to reach $1 0,921.9 million by 2027, growing at a CAGR of 12.7 % during the forecast period.
By ABV content, the ABV content less than 5% segment is estimated to witness the fastest growth, registering a CAGR of 13.6 % during the forecast period.
In 2019, depending packaging, the metal cans segment was valued at $1,975.6 million, accounting for 51.5 % of the global Hard Seltzer market share.
In 2019, the U.S. was the most prominent market in North America, and is projected to reach $7,441.3 million by 2027, growing at a CAGR of 11.5 % during the forecast period.

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
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Key Insights on $805.3 Million Opportunity in the Vegan Ice Cream Market by | Unilever, General Mills, The Whitewave Foods Company (Denon), Hain Celestial Group

According to a new report published by Allied Market Research, titled, “Vegan Ice Cream Market by Source, Flavor, Sales Type, and Distribution Channel: Opportunity Analysis and Industry Forecast, 2020–2027,” the global vegan ice cream market was valued at $520.9 million in 2019, and is expected to grow at a CAGR of 13.7% to reach $805.3 million by 2027. Europe was the highest contributor to the market with $188.6 million in 2019.

Global Leaders:

The other players operating in the global vegan ice cream industry include Amy’s Kitchen, Double Rainbow Ice Creams, Inc., Wells Enterprises, Inc., NadaMoo! Booja-Booja, Happy Cow Limited, Over The Moo, Swedish Glace, ARCTIC ZERO, Inc. Perry’s Ice Cream, Coolhaus, SorBabes, and Beyond Better Foods, LLC..

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Vegan ice cream is manufactured using nondairy milk sources, which include soy, almond, cashew, and coconut. The growth of the global vegan ice cream industry is majorly driven by rise in number of vegan & diet-conscious consumers across the globe. Furthermore, health issues such as lactose intolerance owing to deficiency of intestinal enzyme lactase and alarming increase in cases of obesity across the globe due to high intake of fats fuel the demand for dairy-free or vegan food products, which, in turn, boosts the growth of the global vegan ice cream market.

Vegan ice cream has been witnessing increased popularity in the mature and emerging markets. This is attributed to rise in number of consumers allergic to dairy products. Furthermore, increase in health awareness and rise in disposable income have augmented the growth of the market. Moreover, introduction of additional healthy ingredients in by different market players such as Over The Moo, Swedish Glace, ARCTIC ZERO, Inc., and Perry’s Ice Cream attracts a large customer base, which significantly contributes toward the growth of the global market. However, fluctuation in prices of raw materials and high cost of plant-based milk extraction restrain the growth of the market. On the contrary, surge in demand for dairy-free products by vegan population and introduction of new flavors & varieties of vegan ice cream are anticipated to provide remunerative opportunities for the expansion of the vegan ice cream industry.

The global vegan ice cream market is segmented into source, flavor, sales type, distribution channel, and region. Depending on source, the market is categorized into coconut milk, soy milk, almond milk, and cashew milk. By flavor, it is fragmented into caramel, chocolate, coconut, coffee, vanilla, and fruit. On the basis of sales type, it is differentiated into impulse, take home, and artisanal. In terms of distribution channel, it is segregated into supermarket/hypermarket, convenience stores, and online. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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According to the global vegan ice cream market analysis, by source, the almond milk segment was the most prominent category in 2019 and is expected to remain dominant during the forecast period. The coconut milk segment is expected to grow at a notable CAGR of 15.2% throughout the forecast period.

According to the global vegan ice cream market forecast, based on flavor, the caramel flavor segment was the highest contributor to the global market in 2019, and is expected to remain dominant throughout the forecast period. This is attributed due to rise in popularity of caramel flavor ice cream in all age group across the globe. However, the vanilla flavor segment is expected to grow at a higher growth rate through the forecast period.

Depending on sales type, the take home segment led the global vegan ice cream market in 2019, and is expected to witness a notable growth during the forecast period. This is attributed to shift in trend toward off-premise consumption of food products.

By distribution channel, the supermarket/hypermarket segment was the dominant segment in 2019, and is expected to witness a notable growth in the forecast period. The growth of this segment is attributed to increase in preference for offline retail formats such as supermarkets and hypermarkets in both mature and emerging markets.

Region wise, Europe was the most prominent market in 2019, and is expected to continue this trend in the near future, as the European consumers readily accept the new varieties of food products. The key players in the industry have adopted product launch, acquisition, and collaboration as their go-to strategies to stay competitive in the vegan ice cream industry.

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Key Findings Of The Study:

The global vegan ice cream market was valued at $520.9 million in 2019, and is estimated to reach $805.3 million by 2026, growing at a CAGR of 13.7% through the forecast period.
Depending on source, the cashew milk segment is expected to witness the fastest growth, registering a CAGR of 14.5% during the forecast period.
By flavor, the caramel flavor segment held the highest market share in 2019, garnering nearly one-third of the market share.
On the basis of sales type, the take home segment was the most prominent segment in 2019, and is expected to grow at a significant CAGR throughout the forecast period.
According to the distribution channel, the supermarket/hypermarket segment led the market in 2019, and is expected to grow at a significant CAGR throughout the forecast period.
U.S. was the dominant country in 2019, acquiring a considerable share in the market.

The key players profiled in the report include Unilever, General Mills, The Whitewave Foods Company (Denon), Hain Celestial Group, Bliss Unlimited, LLC, High Road Craft Brands, Alden’s Organic, Whole Foods Market IP. L.P., Tofutti Brands, Inc., and Trader Joe’s.

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.