A Market Place Research – Page 1164

Oil Storage Market Outlook and Opportunities in Grooming Regions: Edition 2021-2030

The global oil storage market size was valued at $12.2 billion in 2020, and is projected to reach $18.4 billion by 2030, growing at a CAGR of 4.3% from 2021 to 2030. Oil storage refers to terminals or tanks used to store processed or produced oil from refineries. Tanks endure the reservoir at several stages of processing and transportation. Wooden storage tanks were utilized during 1980s, which are now substituted by stainless steel, plastic, carbon steel, or reinforced concrete. Downstream operations use huge storage tanks to assemble oil for further processing and marketing.

The global oil storage market is driven primarily by continued rise in energy outlook largely coupled with growing concerns about responding to the emergency supply of crude oil. Increase in import and export activities within the oil industry is driving market growth. Logistics and transportation are basic functions in the oil & gas industry. Current players in India, China, Canada, and the Middle East are expanding their ability to process heavy crude oil with more capacity, which is expected to drive growth over the forecast period.

The outbreak of COVID19 is expected to have a reasonable impact on the global oil storage market. With land tanks and storage options nearly full in some major countries, including the U.S. and India, market participants are often looking for opportunities to contribute to the demand for new oil storage alternatives in these areas. Nonetheless, technological advances, investments in storage facility development, and new pipelines to increase tank storage capacity are expected to create potential revenue opportunities for players operating in this market.

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Population growth, rise in income levels, and rapid urbanization have created global oil demand, but resource depletion means that most countries in the world are primarily dependent on oil supply imports increase. The world’s population is projected to reach approximately 9.8 billion in 2050 and 11.2 billion in 2100, and countries to build these terminals to meet oil demand and income from commercial exploitation will drive the growth of the market. Various products derived from crude oil such as diesel, gasoline, aviation fuel, and kerosene have found huge applications in various sectors. In recent years, the automobile industry has grown rapidly. Navy operations have increased. The aviation industry is keeping pace with the growth of air travel, and the chemical industry is with the introduction of new products. Due to these factors, the demand for diesel, gasoline, and lubricating oil is increasing, which has positive impact on the demand for crude oil, which, in turn, propels the demand for oil storage terminals.

The global oil storage market is segmented into type, material, product design, and region.

Depending on type, the global oil storage market is categorized into crude oil, gasoline, aviation fuel, naphtha, diesel, kerosene, and liquefied petroleum gas. In terms of value, the crude oil segment accounted for the largest share in 2020. By material, the market is bifurcated into steel, carbon steel, and fiberglass reinforced plastic. In terms of value, carbon steel segment accounted for the largest share in 2020. On the basis of product design, the market is bifurcated into open top tank, fixed roof tank, floating roof tank, and others. In terms of value, floating roof tank segment accounted for the largest share in 2020.

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Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. LAMEA accounted for the largest share of the market in 2020, with Asia-Pacific being the fastest growing region. The major companies profiled in oil storage industry include Belco manufacturing co., Inc., Brooge Energy, Containment Solutions, Inc., LBC Tank Terminals, L. F. Manufacturing, Inc., Oiltanking GmbH, Odfjell SE, Puma Energy, Royal Vopak, and Vitol.

In addition to the abovementioned companies, there are Energy Transfer Partners, LP. (Sunoco Logistics Partners), Synalloy Corporation, Columbian TecTank, Inc., Poly Processing Company, Inc., Red Ewald Inc., and ZCL Composites Inc. are competing for the share of the market through product launch, joint venture, partnership, and expanding the production capabilities to meet the future demand for the Oil storage in the forecast period.

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Impact Of Covid-19 On The Global Oil Storage Market

Emergence of COVID-19 had a less impact on the growth of the global Oil storage market during this period.
This impact is mostly attributed to the significant disruptions in the raw material transportation, presence of low-labor, led to shutdown of many manufacturing industries led to decline of demand for Oil storage during this period.
The decrease in demand for many non-essential products and shut down of construction has created a negative impact on the development of global oil storage market.
Thus, the abovementioned factors are expected to have negative impact the global Oil storage market growth during the pandemic period.

Key findings of the study

Region wise, LAMEA accounted for the largest oil storage market share in 2020.
On the basis of type, the crude oil segment holds the largest market share in 2020.
Depending on material, the carbon steel segment garnered the major market share in 2020.
By product design, the floating roof tank segment accounted for the largest market share in 2020.

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Worldwide Ashwagandha Extract Market Share to Reach at a CAGR of 11.4% From 2021 to 2031

The global Ashwagandha Extract Market was valued at $864.3 million in 2021, and is projected to reach $2.5 billion by 2031, growing at a CAGR of 11.4% from 2022 to 2031. Similar to the medication lorazepam, ashwagandha may have anxiolytic (anxiety-relieving) effects. In addition, ashwagandha might have potential as an antidepressant. This suggests that ashwagandha may aid in the treatment of anxiety and depression. It is possible that ashwagandha possesses anti-arthritic qualities that are generally acknowledged and published. Ashwagandha’s ability to calm the nervous system may assist it to reduce pain. Patients in a test study received an ashwagandha-containing formula. This herbal remedy appeared to have the ability to lessen the severity of pain and impairment. Thus, owing to above medicinal benefits of the ashwagandha, it has been gaining considerable traction in pharmaceutical industry.

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Market Drivers:

The increase in consumer awareness regarding personal health and wellbeing is expected to be a key factor driving the market growth for dietary supplements during the forecast period. The working population around the globe is struggling to fulfill the daily nutrient requirements owing to hectic work schedules and changing lifestyles. This is increasing their dependency on dietary supplements to fulfill the nutrient requirements owing to high convenience, which, in turn, is expected to drive the market growth during the forecast period. The elderly population is focusing on adapting nutritional supplements specifically tailored to their needs to maintain their good health and quality of life. Thus, above factors are likely to boost the growth of the ashwagandha extract industry through dietary supplement market during the forecast period.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the ashwagandha extract market analysis from 2021 to 2031 to identify the prevailing ashwagandha extract market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the ashwagandha extract market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.

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Prominent Market Players

The players operating in the global ashwagandha extract industry have adopted various developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report The Himalaya Drug Company, Dabur India Ltd., Emami Limited, Kairali Ayurvedic Group, P&G, Patanjali Ayurved Limited, Kerry Group PLC, Shree Baidyanath Ayurveda Bhawan Pvt. Ltd., Taos Herb Company and Unilever PLC.

Regional Outlook:

According to the ashwagandha extract market opportunity, region wise, North America garnered the major ashwagandha extract market share in 2021, and is expected to maintain its market share throughout ashwagandha extract market forecast period. North America witnessed a significant growth rate in 2021 due to extensive awareness about using ayurvedic herbs medicines including ashwagandha extract and acceptance by the large population in the region. People are beginning to discover ayurveda as a sister science of yoga. Increasing consumer awareness and growing demand for ayurvedic medicines products in the region is expected to gain a major traction in the market. Furthermore, growing demand for sports nutrition and dietary supplement in the U.S. is likely to boost the growth of the North America ashwagandha extract market during the forecast period.

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Friction Products and Materials Market to Garner 4.7% of CAGR by 2031

The Friction Products and Materials Market size accounted for $17,046 million in 2017, and is expected to reach $24,533 million by 2025, growing at a CAGR of 4.7% from 2018 to 2025. In 2017, Asia-Pacific dominated the global market, in terms of revenue, accounting for about 47.0% share of the global market, followed by Europe.

Top Leading Players

The major players operating in the market include ABS Friction Corp, Akebono Brake Industry, Carlisle Brake & Friction (CBF), European Friction Industries Ltd, Fras-le, GMP Friction Products, Hindustan Composites Ltd., MIBA AG, Nisshinbo Holdings Inc., and Tenneco (Federal-Mogul Holding).

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Friction materials are utilized to induce friction in situations where slow movement is necessary. A friction material retrains the relative motion, when a solid object comes into contact with a diverging surface that opposes an object’s direction of movement. In other words, friction can be used anywhere. For e.g. simply slowing down or stopping an object to accelerating it to a certain speed.
Friction materials are mostly made up of substances such as paper, elastomerics, graphitics, and sintered metals. Bonded sintered metal or ceramic is most commonly used in the production of friction material products. Friction materials are used to make brake and clutch systems, transmissions, and certain industrial and household items. Industries such as aircraft, aerospace, automotive, railroad, and defense use friction materials for applications, which include clutch & brake systems, operating systems, automotive equipment, gear tooth systems, and industrial machinery.
Pads and lining are the two most popular friction materials. Pads look like a half circular structure, whereas friction linings are made of abrasive components and lubricate raw components of friction materials. Benefits offered by lining friction materials include high heat & pressure resistance and recoverable structure of linings, which drive their demand in the passenger and commercial vehicles.
The global friction products and materials industry has witnessed a substantial growth over the past few years and is expected to continue this trend during the coming years. This is attributed to increase in demand for friction materials in the automotive, aerospace, and machinery industries. In addition, development of the forestry, oil & gas, and mining sector particularly in the emerging markets fuels the market growth. However, advancements in brake and clutch technologies have minimized the use of friction materials, which is anticipated to hinder the market growth. Furthermore, rise in demand for electric & hybrid vehicle in developing countries, availability of low-cost & efficient manufacturing particularly in the Asia-Pacific region, and increase in demand for friction material products provide lucrative growth opportunities for the friction products and materials market.
The automotive industry secured the highest share of about 63.9% in the global friction products and materials market in 2017 and is expected to grow at a CAGR of 5.1% during the forecast period. In terms of product types, brake pad is expected to account for the highest market share in the coming years.
Asia-Pacific secured the highest market share in 2017, owing to growth in automotive sector particularly in developing nations. In addition, increase in demand for friction materials from various manufacturing industries is expected to boost the Asia-Pacific market growth. North America and Europe are expected to register significant growth during the forecasted period.

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Payment Analytics Software Market Share Growing Rapidly with Recent Trends and Outlook By 2030

The rise in smartphone penetration around the world, as well as the growth of the m-commerce industry in emerging markets, are the major factors driving Payment Analytics Software Market growth. Furthermore, the increased use of NFC, RFID, as well as host card emulation technology in mobile payments, as well as the increased demand for quick and easy transaction services, are expected to provide a lucrative opportunity for the payment analytics software market.

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The global payment analytics software industry is segmented on the basis of type, enterprise size, and region. By type, the market is classified into cloud based and web based. By enterprise size, the analysis has been divided into large enterprise and small & medium enterprise. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

By type, the cloud-based sub-segment is predicted to be fastest growing sub-segment. The increasing use of cloud technology is raising data security concerns (such as data theft and loss of industry-specific information) among business organizations around the world. Cloud integration technology is used in core banking services to integrate various data and applications such as Digital Wallets, Apple Wallet, PayPal Account, and many others through IT and business model transformations.

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By enterprise size, large enterprises sub-segment was the dominating sub-segment in 2021. The large enterprises segment held the largest market share owing to growing demand such as lower operating expenses, increased collaboration, greater flexibility, as well as a reduced time to market.

Cloud computing enables businesses to delegate routine tasks to technology that can complete them more quickly. As a result, increased usage in major organizations to streamline operations is expected to aid the segment’s growth. During the forecast period, the growing number of large enterprises in both developed and developing countries would drive up demand for payment analytics software market.

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By region, North America dominated the global payment analytics software market in 2021. North America payment analytics software dominated the global market because companies in the United States place a high value on digitalization and are commonly viewed as adopters of the next technologies such as the Internet of Things, additive manufacturing, big data analytics, linked industries, AI, and most recent communications technology including such 4G, 5G, and LTE.

The continued use of cutting-edge new technology by companies based in the United States bodes well for growth prospects. All such factors are anticipated to drive the global payment analytics software market share over the forecast period. The key players profiled in this report include ProfitWell, BlueSnap, Databox, Payfirma, Yapstone, CashNotify, HiPay Intelligence, PaySketch, Revealytics, and RJMetrics.

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Key Findings of the Study

On the basis of type, the web based segment emerged as the global leader in 2021 and is anticipated to be the largest market during the forecast period.
On the basis of enterprise size, the large enterprise segment emerged as the global leader in 2021 and is anticipated to be the largest market during the forecast period.
On the basis of region, Asia-Pacific is projected to have the fastest growing market during the forecast period.
A comprehensive global payment analytics software market analysis covers factors that drive and restrain the market growth as well as market opportunity.

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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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WI-Fi Analytics Market

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Arthroscopy Devices Market to Perceive Healthy CAGR of 8.5% by 2030

Allied Market Research recently published a report, titled, “Arthroscopy Devices Market by Type (Arthroscopes, Arthroscopic Implants, Fluid management systems, Radiofrequency systems, Visualization systems, Powered Shavers, Others), by Application (Knee Arthroscopy, Hip arthroscopy, Shoulder and elbow arthroscopy, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030.” As per the report, the global arthroscopy devices industry was accounted for $18.0 billion in 2020, and is expected to reach $41.9 billion by 2030, growing at a CAGR of 8.5% from 2021 to 2030.

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Prominent market players-

Johnson & Johnson
Zimmer Biomet Holdings, Inc.
Medtronic plc
Richard Wolf GmbH
Smith & Nephew plc
Conmed Corporation
Henke Sass Wolf GmbH
Arthrex, Inc.
Karl storz GmbH & Co. KG
Stryker Corporation

By Type :

Arthroscopes
Arthroscopic Implants
Fluid management systems
Radiofrequency systems
Visualization systems
Powered Shavers
Others

By Application

Knee Arthroscopy
Hip arthroscopy
Shoulder and elbow arthroscopy
Others

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Dialysis Market To Grow at CAGR 4.7% From 2021 – 2028 | Hemodialysis segment holds a dominant position

The global dialysis market size was valued at $91,205.0 million in 2020, and is estimated to reach $129,756.8 million by 2028, registering a CAGR of 4.7% from 2021 to 2028.

What is dialysis market?

The dialysis market is segmented on the basis of type, Product & Service, end user, and region. On the basis of type, it is bifurcated into hemodialysis and peritoneal dialysis. Hemodialysis is categorized into conventional hemodialysis, short daily hemodialysis, and nocturnal hemodialysis.

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The function of the kidney is to remove waste products and excess fluid from the blood. This process is carried out with the help of dialysis when the kidney is not functioning properly. Waste products, such as urea and creatinine, are removed from the blood with the help of artificial and natural semipermeable membranes. In hemodialysis, the blood is purified using an artificial membrane, whereas, in peritoneal dialysis, the waste products are removed using peritoneum in abdomen, which acts as a natural semi-permeable membrane.

Rise in incidences of kidney diseases, surge in prevalence of lifestyle and chronic diseases, and issues related to kidney transplants drive the growth of the global dialysis market.”

Rise in incidences of kidney diseases, surge in prevalence of lifestyle and chronic diseases, and issues related to kidney transplants drive the growth of the global dialysis market. However, complications in dialysis treatment and reimbursement policy concerns in developing countries hinder the market growth. On the contrary, shift in preference of patients for home hemodialysis and increase in market strategies by market players would open new opportunities in the future.

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On the basis of product & services, the market is classified into equipment, consumables, drugs, and services. The consumables segment is projected to register the highest CAGR of 6.0% during the forecast period. However, the service segment dominated the market in 2020, contributing to more than two-thirds of the market.

Key Market Players

FRESENIUS SE AND CO. KGAA
ASAHI KASEI CORPORATION
B. BRAUN MELSUNGEN AG
BAXTER INTERNATIONAL INC.
BECTON, DICKINSON AND COMPANY (C. R. BARD, INC.)
DAVITA
ANGIODYNAMICS INC.
DIAVERUM DEUTSCHLAND GmbH.
NIKKISO CO. LTD.
NIPRO CORPORATION

“We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market.”

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Battery Recycling Market Demand, In-depth Analysis and Estimated Revenue Forecast by 2030

The battery recycling market is projected to reach $66.6 billion by 2030, growing at a CAGR of 19.5% from 2021 to 2030. Battery recycling referred to collection of batteries through various sources including portable electronic devices, electric vehicles, and other industrial energy storage purposes. After the end of battery life cycle, most batteries are disposed in landfills. It is important to recycle them to further reduce environmental pollution caused by these hazardous batteries. However, battery recycling is previously considered as a legislative activity; however, it is nowadays a more profitable way to recover metals through recycling of various batteries including lead acid, lithium-ion, and nickel metal hydride.

The global battery recycling market is anticipated to witness rapid growth, owing to increase in use of various automobiles such as electric & hybrid vehicles, which, in turn, is anticipated to fuel growth of the battery recycling market in upcoming years. Currently, there are established patented recycling methods that are available in the market. Therefore, battery recycling is done by patented methods of individual manufacturers or other organizations. Besides this, favorable government policies to support battery recycling infrastructure is driving the growth of this market. Whereas, complications related to lithium-ion batteries is the key growth barrier in this market.

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Depending on chemistry, the lead-acid battery segment held highest position in battery recycling market share of about 63.9% in 2020, and is expected to maintain its dominance during the forecast period. This is attributed to the fact that lead-acid battery is highly profitable in terms of recycling, has low cost over other battery types, and its greater adoption as it is the first commercial battery in energy storage applications. On the other hand, lithium-ion battery recycling may gather great momentum during the forecast period in response to the growing efforts to develop patented recycling methods.

On the basis of source, the industrial batteries segment held the largest share, in terms of revenue, and is expected to maintain its dominance during the forecast period. This growth is attributed to the wide application included in the industrial segment starting from renewable energy integration to forklift batteries, and UPS systems. Therefore, batteries are collected largely from an industrial source for recycling.

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On the basis of application, the transportation segment held the largest share, in terms of revenue, and is expected to grow at a CAGR of 19.3%. This is attributed to the growing adoption of electric & hybrid vehicles and increasing efforts to promote electrification in the overall automotive industry. In addition, rapid growth of EV industry across the developing economies is anticipated to fuel the market growth in the coming years.

The market is analyzed across four major regions, namely, North America, Europe, Asia-Pacific, and LAMEA. Europe garnered dominant market share in 2020, and is anticipated to maintain this trend during the forecast period. This is attributed to numerous factors such as presence of huge consumer base and the existence of key players in the region. Moreover, regulations toward environmental pollution and rapid growth of electric vehicle industry in the region are anticipated to contribute toward growth of the battery recycling market in Europe.

The global battery recycling market analysis covers in-depth information of the major industry participants. The key players operating and profiled in the report include • LI-CYCLE CORP., Accurec Recycling GmbH, Battery Solutions, Redwood Materials, Inc., Glencore International, Retriev Technologies, Umicore, Enersys, AkkuSer Oy, and Duesenfeld GmbH.

Other players operating in the value chain of the global battery recycling industry are Neometals Ltd., Primobius, Green Li-ion Pvt., Ltd., SungEel MCC Americas, Redux GmbH, and others.

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COVID-19 impact on the market

The global battery recycling market has witnessed steady growth in 2020, owing to the outbreak of the COVID-19 pandemic. The outbreak has negatively impacted various industries and countries, thereby decreasing manpower across the globe, which, in turn, decreased consumer spending and thus, decreased demand for electronics, automotive, and other products. However, owing to lockdown imposed across the globe, there is a supply-demand gap, which resulted in halt in supply for equipment or batteries used in recycling processes. In Europe, economies, such as Germany, France, Spain, and Italy, are following stringent measures, such as maintaining social distance and limiting movements to prevent spread of coronavirus. Moreover, such safety measures have been witnessed across the globe, which further impacted the global battery recycling market growth.

Key Findings Of The Study

In 2020, the lead-acid battery segment accounted for majority of share of the global battery recycling market, and is expected to maintain its lead during the forecast period.
In 2020, the industrial batteries segment accounted for about 51.3%, and is expected to maintain its dominance till the end of the forecast period.
The transportation segment accounted for 43.8% in 2020, and is anticipated to grow at a rate of 19.3% in terms of revenue, increasing its share in the global battery recycling market.
Industrial is the fastest-growing application segment in the battery recycling market, and is expected to grow at a CAGR of 19.9%.
Asia-Pacific is expected to grow at the fastest rate, registering a CAGR of 20.2% during the battery recycling forecast period.
In 2020, Europe dominated the global battery recycling market with more than 35.78% of the market share, in terms of revenue.

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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.

Blinds And Shades Market Size Was Valued At $10.5 Billion In 2021 | Growing At A CAGR Of 3.8% From 2022 To 2031

The blinds and shades market size was valued at $10.5 billion in 2021, and is estimated to reach $15.1 billion by 2031, growing at a CAGR of 3.8% from 2022 to 2031.

Blinds and shades are used for window covering. It is made up of long horizontal and vertical slats of fabric, wood, plastic, aluminum that are joined together with cords. It provides better light control, maintain the privacy, durability, water resistant, heat resistant and insulation. It also maintains the temperature of the room.

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The blinds and shades market has observed huge demand in North America, Asia-Pacific, and Europe. Asia-Pacific is projected to register significant growth in near future owing to strong economic growth, rapid urbanization, and presence of large population base significantly contributing toward the growth of the blinds and shades market in Asia-Pacific. Moreover, advancements by industry players, increase in residential & commercial construction activities, and upsurge in home renovation & remodeling expenditures propel the global blinds and shades market growth. The roller shades segment accounted for the majority of the market share in 2021, owing to rise in awareness toward the protection of UV rays is expected to boost the demand for roller shades, which results in boosting the blinds and shades market growth.

Various market players have adopted strategies such as product launches, business expansions, acquisition, and agreements to expand their business and strengthen their market position. For instance, in August 2021, Springs Windows Fashions has launched vitale, a new brand of custom window treatment that offers blinds and shades which is a solution oriented, simplified selection of products a range of colors and styles. It provides the perfect product for the value conscious homeowner seeking beautiful, custom window treatments with a level of design. As a result, such strategic moves are expected to provide lucrative growth opportunities in the global blinds and shades market.

The demand for blinds and shades is largely driven by the increase in multifamily housing trends, rise in adoption of blinds and shades in commercial sector, and development of energy-efficient blinds and shades. Blinds and shades are commonly found in hotels and restaurants, offices, homes and others. In addition, health concern of people to avoid dirt, dust and excessive sunlight also boost the demand for blinds and shades. Moreover, rise in industrialization and urbanization in economies, which include India and Africa, is expected to foster the blinds and shades market growth. Further, a surge in consumer expenditure on home renovation and enhancement activities and improvement in new construction activities are expected to provide remunerative blinds and shades market opportunities for the players.

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Major players have adopted product launches, partnerships, and acquisitions as key strategies to sustain the competition and improve the product portfolio. For instance, in August 2021, Springs Windows Fashions has launched Vitale, a new brand of custom window treatment that offers blinds and shades which is a solution oriented, simplified selection of products a range of colors and styles. It provides the perfect product for the value conscious homeowner seeking beautiful, custom window treatments with a level of design.

Furthermore, Asia-Pacific registered the highest share of the global blinds and shades market share in 2021, owing to strong economic growth, rapid urbanization, and presence of large population base.

However, during the COVID-19 pandemic, various manufacturers in the blinds and shades market had to stop their business in countries such as China, the U.S., and India. This break directly impacted the sales of blinds and shades companies. In addition, lack of manpower and raw materials constrained the supply of raw materials of blinds and shades, which negatively influenced the growth of the market. However, reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to lead to re-opening of blinds and shades companies.

Key Findings Of The Study

The report provides an extensive analysis of the current and emerging global blinds and shades market trends and dynamics.
Depending on product type, the roller shades segment has dominated the blinds and shades market, in terms of revenue in 2021 and projected to grow at a significant CAGR during the forecast period.
By end-user, the residential segment has registered highest revenue in 2021.
Asia-Pacific is projected to register highest growth rate in the coming years.
The key players within the global blinds and shades market are profiled in this report, and their strategies are analyzed thoroughly, which helps understand competitive outlook of the blinds and shades industry.
The blinds and shades market forecast analysis from 2022 to 2031 is included in the report.
In-depth global blinds and shades market analysis is conducted by constructing estimations for the key segments between 2022 and 2031.

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Mobile Biometrics Market | Business Trends, Progress Insight, Key Regions, Prominent Players

A rise in demand for proper authentication methods and the surge in the number of cyber-attacks have boosted the growth of the global mobile biometric market.

However, complicated installation and infrastructural requirements hinder market growth. On the contrary, advancements in the field of IoT and cloud technology would open new opportunities in the future.

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As per the report published by Allied Market Research, the global mobile biometric market was accounted for $24.6 billion in 2021, and is estimated to reach $184.8 billion by 2031, growing at a CAGR of 22.5% from 2022 to 2031.

The report divides the global mobile biometric market on the basis of component, authentication mode, technology, industry vertical, and region.

Based on component, the hardware segment held the largest share in 2021, accounting for more than half of the market. However, the service segment is projected to manifest the highest CAGR of 25.4% during the forecast period.

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On the basis of technology, the fingerprint recognition segment held the lion’s share in 2021, contributing to nearly two-fifths of the market. However, the face recognition segment is estimated to portray the highest CAGR of 24.3% from 2022 to 2031.

The report offers an analysis of the global mobile biometric market across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America held the lion’s share in 2021, accounting for more than one-third of the market. However, the market across Asia-Pacific is anticipated to showcase the highest CAGR of 26.0% during the forecast period.

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The global mobile biometric industry report includes an in-depth analysis of the prime market players such as 3M, Aware, Inc., Apple, Inc., HID Global Corporation, BIO-Key International, NEC Corporation, M2SYS Technology, Precise Biometrics AB, Nuance Communication, and Safran, Inc.

Covid-19 scenario:

The pandemic drastically impacted the market due to increase in digital retail and e-commerce platforms and rise in cyber-attacks in the form of identity theft and fraud.
Due to the adoption of work from home, companies invested more in data privacy and safety among employees.

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About Us:

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Golf Cart Battery Market Top Companies 2022 | Size, Share, Trend & Forecast till 2031

Golf Cart Battery Market Top Vendors

The key players operating and profiled in the golf cart battery market analysis include C&D Technologies Inc., Clarios Crown Battery Manufacturing Co., Enersys, East Penn Manufacturing Co. Inc., Exide Industries Ltd., GS Yuasa Corp., Samsung SDI Co. Ltd., Leoch International Technology Ltd., and ReLiON Batteries. Other players operating in the value chain of the global golf cart battery market forecast are Brookfield Business Partners L.P., and Exide Technologies, Universal Power Group, Trojan Battery Company, Lifeline, Amstron, Microtex Energy Private Limited, Johnson Controls, Inc., and ACDelco.

According to a new report published by Allied Market Research, titled, the golf cart battery market size was valued at $122.8 million in 2021, and is estimated to reach $216.5 million by 2031, growing at a CAGR of 5.9% from 2022 to 2031.

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By type, the lithium-ion battery segment accounted for about 62.2% of the global golf cart battery market share in 2021, and is expected to maintain its dominance during the forecast period.

On the basis of voltage rating, the 6V voltage rating segment garnered a 40.8% share in 2021 and is anticipated to grow at a rate of 6.3% in terms of revenue.

Depending on the application, the golf course segment exhibited the fastest growth in 2021 and is expected to grow at a CAGR of 6.5% during 2022–2031.

North America garnered a dominant share in 2021 and is anticipated to maintain this dominance in the golf cart battery market during the forecast period. This is attributed to the presence of key players and a huge consumer base in the region.

In addition, the rapid growth of the off-grid power generation, rise in demand for power in remote operations, and rise in awareness and R&D toward battery safety are the key factors expected to drive the golf cart battery market growth in North America.

Moreover, golf carts are increasingly being used for internal transportation in a wide range of businesses. The tourism and hospitality industries, which form a major part of the service sector in developing economies, have attracted significant investment.

Government initiatives and investment in manufacturing of golf cart batteries, improvement in standard of living, and rapid urbanization are the key drivers of the golf cart battery market.

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Rise in awareness concerning the benefits of electric cart buggies is expected to drive the market growth. Lithium-lead acid battery is anticipated to witness high penetration, as it is the most desired golf cart battery.

Impact of COVID-19 outbreak on the market

In addition, manufacturers of golf cart batteries are facing unexpected difficulties as a result of the crisis, including delayed production due to lockdown limitations, reduced worker availability, supply chain delays, nationwide lockdowns, and fluctuations in the price of raw materials. Furthermore, airports, railway stations, golf courses, and tourist places businesses might decrease, during the pandemic period. In addition, the final investment decisions for some of the golf cart batteries by the government and golf course owners might delay, owing to the outbreak of COVID-19, which hindered the growth of the golf cart battery market.

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Golf cart uses a number of batteries to provide the required voltage and amperage, so a replacement’s size and power requirements are crucial. Furthermore, surge in demand for electric vehicles is a major factor that contributes to the growth of the market.

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