A Market Place Research – Page 1389

Home Automation Market Witness Excellent Growth by 2030

Home Automation Market report also provide a thorough understanding of the cutting-edge competitive analysis of the emerging market trends along with the drivers, restraints, challenges, and opportunities in the Home Automation Market to offer worthwhile insights and current scenario for making right decision. The report covers the prominent players in the market with detailed SWOT analysis, financial overview, and key developments of the products/services from the past three years. Moreover, the report also offers a 360º outlook of the market through the competitive landscape of the global industry player and helps the companies to garner Home Automation Market revenue by understanding the strategic growth approaches.

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Major Key Players of the Home Automation Market are:

ABB, ADT, Creston Electronics, Inc., Honeywell International Inc., Ingresoll Rand, Johnson Controls, Larsen & Toubro Ltd., Legrand, Samsung Electronics Co., Ltd. and Schneider Electric.

Global Home Automation Market Segments

By Application
- Lighting
- safety & security
- HVAC
- Entertainment
- Others
By Technology
- Wired
- Wireless

Research objectives:-

– To study and analyze the global Home Automation consumption (value & volume) by key regions/countries, product type and application, history data.
– To understand the structure of the Home Automation market by identifying its various sub-segments.
– Focuses on the key global Home Automation manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
– To analyze the Home Automation with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
– The scope of this report centers on key market analyses, market drivers & challenges, and competitive analysis & trends. Research report examines each market and its applications, regulatory scenario, technological innovations, Home Automation market projections, market sizes, and shares.

Moreover, the Home Automation market report examines the most recent trends, pipeline products and developments in the Home Automation market. Complete profiles of leading organizations in the market are also mentioned in this report.

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Table of Content:

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Home Automation Market Size
2.2 Home Automation Growth Trends by Regions
2.3 Industry Trends 3 Market Share by Key Players
3.1 Home Automation Market Size by Manufacturers
3.2 Home Automation Key Players Head office and Area Served
3.3 Key Players Home Automation Product/Solution/Service 3.4 Date of Enter into Home Automation Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Home Automation Sales by Product
4.2 Global Home Automation Revenue by Product
4.3 Home Automation Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global Home Automation Breakdown Data by End User

In the end, Home Automation industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.

Bridge Construction Market Trends and Huge Business Opportunities 2030

Allied Market Research published a research report on the global bridge construction market. The findings of the report states that the global market for bridge construction generated $857.7 billion in 2020, and is projected to reach $1.41 trillion by 2030, witnessing a CAGR of 5.0% from 2021 to 2030. The report offers valuable information on changing market dynamics, major segments, top investment pockets, and competitive scenario for market players, investors, shareholders, and new entrants.

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The report provides detailed insights on drivers, restrains, and opportunities to help the market players in devising several growth strategies. Increase in investments to enhance transport infrastructure, surge in number of vehicles and rise in urbanization drive the growth of the global bridge construction market. On the other hand, slow economic activities and uncertain economic conditions impede the growth to some extent. However, focus on public–private partnerships and growing demand for railway bridges are expected to create lucrative opportunities in the industry.

The report provides a detailed scenario of the impact of the Covid-19 pandemic on the bridge construction market globally. Lockdown measures across the world gave way to closure of bridge construction activities across the world, especially during the initial period. Export and import activities were also halted in the majority of countries and the construction companies were not able to obtain raw material to resume construction, thereby impacting the global bridge construction market negatively. However, the market is projected to recoup soon.

“The growth of the bridge construction market is majorly driven by rise in urbanization and rapid industrialization in emerging countries. This has led to increase in expenditure on infrastructure of the country. Asia-Pacific dominated the market in 2020, owing to rapid development in countries such as China and India.” said Digvijay Pawar, Construction & Manufacturing, at Allied Market Research.

The report offers detailed segmentation of the global bridge construction market based on type, material, application, and region. These insights are helpful for new as well as existing market players to capitalize on the fastest growing and largest revenue generating segments to accomplish growth in the future.

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By type, the beam bridge segment held the major share in 2020, accounting for more than one-third of the global bridge construction market, and is expected to maintain its lead position during the forecast period. The same segment is also projected to witness the highest CAGR of 6.0% from 2021 to 2030

By material, the concrete segment contributed to nearly half of the global bridge construction market in 2019, and would dominate throughout the forecast period. On the other hand, the steel segment is anticipated to cite the fastest CAGR of 5.5% from 2021 to 2030.

By region, Asia-Pacific held the major share of more than half of the global in 2020. However, LAMEA is expected to showcase the fastest CAGR 6.6% from 2021 to 2030.

The leading market players analyzed in the global bridge constructionmarket report include Balfour Beatty, China Communications Construction Company Limited, VINCI, HOCHTIEF AG, AECOM, China Railway Group Ltd, Fluor, ACS Group, Kiewit Corporation, and SAMSUNG C&T.

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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 offer business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

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Ceramic Sanitary Ware Market Registering a CAGR of 7.5% from 2021 to 2030

The global ceramic sanitary ware market was valued at $36,544.8 million in 2020, and is projected to reach $76,956.6 million by 2030, registering a CAGR of 7.5% from 2021 to 2030.

Ceramic sanitary wares include a variety of equipment and fixtures that are used for sanitary and internal plumbing applications. Water closets, bath tubs, basins, and sinks are gaining high traction in the ceramic sanitary ware industry. These goods are manufactured from a variety of raw materials, the majority of which are tri-axial compounds, including quartz, feldspar, and clay. Ceramic sanitary ware products are cost-effective, easy to maintain, and scratch & chemical resistant. Thus, multiple benefits associated with ceramic sanitary wares flourish the growth of the global market.

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Leading Players:

Key companies profiled in the ceramic sanitary ware market report include Geberit Group, Kohler Co., TOTO Ltd., LIXIL Corporation, Roca Sanitario S.A., Villeroy & Boch AG, R.A.K. Ceramics, Duravit AG, Duratex S.A., and HASIL Ltd.

Sanitary ware is one of the most fundamental necessities in residential, commercial, and public spaces. End users choose ceramic sanitary ware due to its longevity, high resilience, low maintenance requirements, and increased resistance to unfavorable environmental conditions. As a result, the demand for sanitary ware items has increased in a variety of sectors, including households, hotels, businesses, hospitals, and other public spaces. For example, in South Africa, various upcoming major projects such as Limpopo Paledi Mall, Umhlanga Ridge Town Centre, Johannesburg Central Park, and many other projects that are expected to complete before 2025. Such construction activities are expected to create remunerative opportunities for the expansion of the ceramic sanitary ware market.

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Key Market Segments

By End Use
- COMMERCIAL
- RESIDENTIAL
BY DISTRIBUTION CHANNEL
- Online
- Offline
By Product
- WASH BASINS
- OTHERS
- Toilet sinks and Water closet
- Urinals

Key Findings Of The Study

The report provides an extensive analysis of the current and emerging ceramic sanitary ware market trends and dynamics.
Depending on product type, the toilet sinks & water closets segment dominated the ceramic sanitary ware market, in terms of revenue in 2020.
By end user, the residential segment registered highest revenue in 2020.
Asia-Pacific is projected to register highest growth rate in the coming years.
Key players within the ceramic sanitary ware market are profiled in this report, and their strategies are analyzed thoroughly, which help to understand competitive outlook of the ceramic sanitary ware industry.

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Chillers Market Opportunity, Tremendous Growth and Trends with Players by 2028

According to a new report published by Allied Market Research, titled, The global chillers market size was $10.05 billion in 2019 and is expected to reach $12.67 billion by 2028, registering a CAGR of 3.7% from 2021 to 2028. In 2019, Asia-Pacific dominated the global chillers accounting for nearly half the share of the market.

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An increase in demand for process cooling in the industrial application, to control room atmosphere is anticipated to proliferate the growth of the global chillers market. In addition, rise in construction spending in countries such as India, Germany, Japan, the U.S., and others drives the growth of the market. For instance, expenditure on private construction activities by the U.S. government increased by over 50% and that on public construction surged by over 20% from 2012 to 2020.

A chiller is a refrigeration system that is generally used in the industrial sector for reducing the temperature of equipment or machinery in order to dehumidify and cool the industrial space. It has become an essential Heating, Ventilation, and Air Conditioning (HVAC) component for all manufacturing plants, hospitals, hotels, restaurants, and others. Industrial chiller plays a vital role in temperature regulation in numerous industrial operation such as metal plating, food processing, injection molding, oil field production, and so on. It provides air conditioning by reducing the unnecessary heat from industrial and commercial building.

Working Principle:

An industrial chiller follows the principle of vapor absorption. It consists of power panels, evaporators, compressor, condenser, expansion unit, and control unit. A vapor compression mechanical refrigeration system connects to the process water system through an evaporator. The gaseous refrigerant goes through an evaporator, compressor, condenser, and expansion unit with a thermodynamic process.

The global chillers market size was $10.05 billion in 2019 and is expected to reach $12.67 billion by 2028, registering a CAGR of 3.7% from 2021 to 2028.

Competition Analysis

The key players profiled in the report include Carrier Global Corporation, Mitsubishi Electric Corporation, Daikin Industries Ltd, Dimplex Thermal Solutions, LG Electronics, Johnson Controls International Plc, Gree Electric Appliances Inc of Zhuhai, Midea Group Co. Ltd, Thermax Ltd, and Trane Technologies Plc.

Global Chillers Market Segments

By Type

Screw Chiller
Scroll Chiller
Centrifugal Chiller
Others

By Product Type

Air Cooled Chiller
Water Cooled Chiller

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The chillers market is segmented into type, product type, power range, end user, and region. By type, it is divided into screw chiller, scroll chiller, centrifugal chiller, and others. Screw chiller segment having the highest revenue in 2019. By product type, it is bifurcated into air-cooled chiller, and water-cooled chiller. By power range, it is classified into less than 20 kW, 50-200 kW, and more than 200 kW. More than 200 kW segment generated the highest revenue in 2019. By end user, it is fragmented into chemicals & petrochemicals, food & beverages, medical, and others. The others segment contributed the highest revenue in 2019.By region, it is studied across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings Of The Study

By type, the water-cooled segment was the largest revenue contributor in 2019.
By product type, the screw chiller segment generated the highest revenue in 2019.
By power range, the more than 200 kW segment generated the highest revenue in 2019.
By end user, the others segment generated the highest revenue, in 2019.
By region, Asia-Pacific is anticipated to dominate the global chillers market trends throughout the study period.

KEY QUESTIONS ANSWERED IN THE REPORT:

Q1. At what CAGR will the Agriculture Equipment e Market is expected to expand in between 2021 – 2027?

Q2. What will be the revenue of Global industry by the end of 2027?

Q3. How can I get sample report for Agriculture Equipment e Market?

Q4. Which factors drive the growth of the global industry?

Q5. Who are the leading players in Agriculture Equipment e Market?

Q6. How can I get company profiles of top ten players of Global Market?

Q7. What are the segments of Agriculture Equipment e Market?

Q8. What are the major growth strategies of Agriculture Equipment e Market Players?

Q9. By product, which segment is projected to manifest the highest CAGR during 2021 – 2027?

Q10. By Region, which segment dominated in 2020 and would maintain the lead over the forecast period?

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Commercial Boiler Market – Know the Untapped Growth Opportunities to 2030

Commercial Boiler Market Top Companies

The major companies profiled in this commercial boiler market include A.O. Smith Corporation, Bosch Thermotechnology, Cochran Limited, Cleaver-Brooks, Fulton Boiler Company, Parker Boiler, Slant/Fin Corporation, Superior Boiler Works, Inc., Vaillant Group, and Weil-McLain.

The global commercial boiler market size was valued at $1.9 billion in 2020, and is projected to reach $2.8 billion by 2030, growing at a CAGR of 4.2% from 2021 to 2030.

Surge in emphasis on reducing greenhouse gas (GHG) emissions, as well as the enactment and strengthening of emission limits, are some of the major drivers driving the demand for energy efficient commercial boilers.

Key findings of the study

By region, the Asia-Pacific commercial boiler market is projected to grow at the highest CAGR of nearly 6.1%, in terms of revenue, during the forecast period.

The commercial boiler market in the Europe is projected to be driven by a growing preference for environmentally friendly energy products, which is in line with legislation aimed at reducing carbon emissions.

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By fuel type, the natural gas segment accounted for the largest market share in 2020.

By capacity, the less than 10 MMBtu/hr segment accounted for the largest market share in 2020.

By technology, the non-condensing segment garnered the largest commercial boiler market share in 2020.

By end user, the offices segment garnered the largest market share in 2020.

Impact Of COVID-19 On The Global Commercial Boiler Market

Some of the major economies suffering from the COVID-19 crises include Germany, France, Italy, Spain, the UK, Norway, and others. Many industries have been shut down due to lack of raw material availability and disruptions in the supply chain, owing to the virus outbreak. The worldwide lockdown has suspended the activities of educational institutions and lodging and many other sectors, which results in declining the demand for commercial boiler.

Gaps in demand-supply, price volatility, and changes in government policy affect the growth of various end-use industries. In terms of its immediate and long-term effect on industry and consumers, the COVID-19 pandemic has outpaced any headwind ever encountered. The world economy of commercial boiler industries has been experiencing a rapid slowdown due to the constraints of the COVID-19 pandemic on economic activity.

Segmentation

By technology, the non-condensing commercial boiler market is anticipated to witness robust growth subject to government mandates to reduce the greenhouse gas emissions.

By fuel type, the commercial boiler market is divided into oil, natural gas, coal, and others. Natural gas consumption has increased in comparison to other fuels as a result of the government’s priority of natural gas, which has resulted in a rise in demand for natural gas in commercial boilers.

By capacity, the market is divided into less than 10 MMBtu/hr, 10-50 MMBtu/hr, 50-100 MMBtu/hr, 100-250 MMBtu/hr, and more than 250 MMBtu/hr. The less than 10 MMBtu/hr segment held the largest market share in 2020. These products are widely deployed across offices, retail stores, healthcare and lodging for heating applications.

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By end user, the commercial boiler market for hospitals is anticipated to witness a strong growth on account of growing demand for hot water for sterilization of medical instruments, sheets and for space heating.

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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 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. 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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Solar Freezer Market 2022 Statistics, Analysis & Forecast to 2030

Solar Freezer Industry Top Contenders

The major companies profiled in solar freezer market report include CONNEXA ENERGY, EcoSolarCool, SunDanzer, Unique Off-Grid Appliances, B Medical Systems, DOMETIC, Dulas, Engel Coolers, KYOCERA, Sure Chill Steca Elektronik, and Vestfrost Solutions.

According to a new report published by Allied Market Research, the global solar freezer market size was valued at $8.0 billion in 2020, and is projected to reach $15.5 billion by 2030 with expected solar freezer market forecast at a CAGR of 6.9% from 2021 to 2030.

Asia-Pacific solar freezer market is projected to grow at the highest CAGR of nearly 8.1%, in terms of revenue, during the forecast period.

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By type, the solar-battery segment accounted for the largest market share in 2020.

By capacity, in terms of volume, the 250-500 ltrs segment accounted for the largest market share in 2020.

By end use, the infrastructure segment accounted for the largest market share in 2020.

The demand for solar freezer industry has drastically increased due to the outbreak of the novel coronavirus all over the world. Most of the powerful countries have invested huge amount of money to curb the demand for vaccine freezer and refrigerator in various places where electricity is not available throughout the day.

Rise in awareness regarding the prospects of solar freezer is expected create solar freezer market opportunities of growth throughout the forecast period.

Creating awareness among the people about the usage of eco-friendly products such as solar freezer and also making it affordable at a low price with high-quality technologies can replace the conventional freezer in the supermarkets and also can be used to increase the revenue of ice cream industry by aiding them in developing in the unexplored locations.

The increase in awareness among the people regarding carbon emission due to power generation through fossil fuels being used by conventional refrigerator in increasing the demand for solar freezer among the household appliance sector and many other commercial sectors throughout the forecast period.

Rise in need for eco-friendly energy solutions has further propelled the demand for solar freezer. For instance, Indian government took various steps to promote the solar-based appliances for the basic needs in the rural areas where the electrical transmission is not available.

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The government also invested nearly 135 million through various banks to the industries under the solar home system (SHS) segment. Solar-based household appliances are promoted in these areas to make people live in better conditions such as basic lighting and other basic services.

Government schemes and initiatives toward the use of solar-based system is expected to boost the solar freezer market revenue during the forecast period.

High prices of solar freezer compared to conventional fuel-based freezers is expected to hamper the sales of solar freezer market during the forecast period.

Impact Of Covid-19 On The Global Solar Freezer Market

Use of solar freezers in storing blood and medicines in pharmaceuticals is expected to increase the sales of solar freezer during the COVID-19 pandemic,

This market has witnessed growth in demand during this pandemic, due to increase in demand for the vaccine storage freezer. The development of various kinds of vaccines and medicine for the coronavirus has propelled the growth of this market.

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Several legal liabilities over business due to COVID-19 pandemic has pushed commercial segment to possess slow growth during the pandemic period.

Thus, the abovementioned factors are expected to fuel the global solar freezer market growth in current times.

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Hybrid Train Market to Undertake Strapping Growth, 2020–2027

Hybrid Train Market Top Companies

The global hybrid train market analysis covers in-depth information of the major industry participants. The key players operating and profiled in the report include Alstom SA, Ballard Power Systems, Inc., Bombardier, Inc., China Railway Rolling Stock Corporation (CRRC), Hyundai Rotem Company, Kawasaki Heavy Industries, Ltd., Siemens AG, Stadler Rail AG, Toshiba Corporation, and Wabtec Corporation.

Other players operating in the hybrid train market are BNSF Railway Company, Etihad Rail, Vivarail, AVL, L&T, Construcciones Y Auxiliar De Ferrocarriles (CAF), and others.

According to a new report published by Allied Market Research titled, Hybrid train market size was valued at $16.2 billion in 2019, and is projected to reach $23.9 billion by 2027, growing at a CAGR of 6.6% from 2020 to 2027.

The passenger segment is the fastest-growing application segment in the Asia-Pacific hybrid train market, and is expected to grow at a CAGR of 6.6% during 2020–2027.

Asia-Pacific is expected to grow at the fastest rate, registering a CAGR of 6.8%, during the forecast period.

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Significant development of infrastructure and reduction in carbon emissions are the key factors driving the market growth in the coming years.

Rise in population across several regions demands for efficient and sufficient transport infrastructure, which in turn, increases the demand for hybrid rail vehicles during the forecast period.

High cost associated with development and complexities with hybrid train infrastructure network may hamper the market growth during the analyzed timeframe.

On the basis of application, the passenger application segment holds the largest market share of 88.4% with a growth rate of 6.6%, in terms of revenue, and is expected to maintain its dominance during the forecast period. This growth is attributed to the gaining importance of hybrid trains and reducing the traffic and pollution from road transport.

Europe held the dominant share in 2019, and is anticipated to maintain this trend during the forecast period. This is attributed to rise in adoption of hybrid trains from economies such as Germany, France, Spain, and the UK in the region.

Rise in urbanization and rail infrastructure construction activities in European countries is increasing the demand for hybrid trains, which further drives the growth of the hybrid train market during the forecast period.

COVID-19 impact on the market

The hybrid train market is anticipated to witness steady growth in 2020, owing to the outbreak of the COVID-19 pandemic. The outbreak has negatively impacted various industries and countries across the globe. However, owing to the lockdown imposed across the globe, there is decrease in the growth rate of industries such as transportation, railway, oil & gas, and energy sectors. In Europe, economies, such as Germany, France, Spain, and Italy, are following stringent measures, such as maintaining social distance and limiting movements, to prevent the spread of coronavirus. Similar such safety measures have been witnessed across the globe, which further impacted the growth of the hybrid train market.

Key Findings Of The Study

In 2019, the electro-diesel segment accounted for majority of the share of the global hybrid train market, and is expected to maintain its lead throughout the forecast period.

In 2019, the passenger segment accounted for about 88.4% of share in the global hybrid train market, and is expected to maintain its dominance till the end of the forecast period.

In 2019, the 100-200 km/hr segment accounted for 51.3% market share in 2019, and is anticipated to grow at a rate of 6.8% in terms of revenue, increasing its share in the global hybrid train market.

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Hybrid train is the locomotive, which utilizes rechargeable energy storage systems placed in between the power source and traction transmission systems. Diesel-electric hybrid trains are most widely used railway vehicles across the globe, owing to their advantages, such as reliability, safety, sustainability, and others, over conventional fuel trains.

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Smart Energy Market: Top Trends That You Should Know !!

Smart Energy Market Top Companies

Some of the key players profiled in the smart energy market report include General Electric, Itron, Honeywell International, Siemens, ABB Group, and Larsen & Toubro.

According to a new report published by Allied Market Research, titled, global smart energy market size was valued at $124.0 billion in 2019, and is projected to reach $253.1 billion by 2027, growing at a CAGR of 9.6% from 2020 to 2027.

The smart solar segment is projected to grow at the highest CAGR of approximately 12.7%, in terms of revenue, during the forecast period.

By end-user industry, the industrial segment held 47% market share with a CAGR of 10.1%, in terms of revenue, during the forecast period.

The North America dominated the market with around 50% revenue share in 2019.

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Market dynamics

1. Drivers

1. Robust investment in smart grid technologies

2. Shift towards efficient energy technologies

3. Advanced metering infrastructure

2. Restraint

1. High capital investment and integration of complex technologies

3. Opportunity

1. Favorable government policies

COVID-19 scenario analysis

The smart energy market has been severely impacted by the outbreak of COVID-19 across the globe. The market witnessed large fall in demand from manufacturing and production centers, owing to large number of shutdown in the industrial sector.

Nonetheless, social distancing norms and lockdown measures across the globe led to supply chain disruption in the smart energy market.

Social distancing norms affected the availability of equipment and spare parts; thus, negatively impacting the maintenance and infrastructure development activities.

In post COVID period, industry players will focus to re-asses their supply chain and consider whether sourcing from domestic players closer to operational site may improve the supply chain.

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Growing preference of sustainable energy resources such as solar and wind is expected to drive the market growth in forecast timeframe. In addition, the mandatory installation of smart meters in households and commercial areas is expected to boost the growth of the smart energy market. In addition, increase in demand for efficient energy technologies such as implementation of IOT (internet of things), will further drive the demand for various smart grids.

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Europe Solar Farm Market Share to grow at 21.1% CAGR To 2027

Solar Farm Industry Top Companies

The key players operating in the global solar farm market are Trina Solar, Sharp Corporation, TATA Power Solar Systems Ltd., First Solar, Inc., BrightSource Energy, Inc., Shenzhen Topray Solar Co., Ltd., and JA Solar Holdings Co. Ltd.

AMR published a report, the global solar farm market was valued at $61.4 billion in 2019, and is projected to reach $261.0 billion by 2027, registering a CAGR of 19.8% from 2020 to 2027.

The commercial segment is expected to register a CAGR of 20.3% in the near future.

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Europe is anticipated to reach a CAGR of 21.1%. The U.S. and Mexico collectively accounted for around 91.2% solar farm market share in 2019, with the former constituting around 49.8% share.

Asia-Pacific was the highest revenue contributor, and is estimated to grow with a CAGR of 19.5%. The growth of the Asia-Pacific solar PV farm market is driven by increase in government initiatives, such as Akshay Urja, which involves electrification of rural areas.

The distributed generation segment is estimated to grow at a CAGR of 20.3% during the solar farm market forecast period.

The growth of the global solar farm market growth is driven by adoption of renewable electricity generation methods along with focus on carbon emission reduction.

Such tax incentive programs are expected to encourage commercial as well as industrial end users to install solar farms, thereby contributing toward the growth of the global market.

Rise in concern from governments across the globe on increased global warming issues is expected to augment the demand for solar farms.

Governments across different countries are offering new rebate and incentive schemes on installation of solar farms.

On the basis of type, the market is divided into utility-scale, distributed generation, microgrids, and others. The utility-scale segment was the highest contributor in the market. The power generated is bought to utility consumers by power purchase agreement (PPA) or often the farm can be owned by the utility.

Utility businesses can then distribute the power to business or residential clients that are related to their utility grid. Surge in investments in grid expansion and integration of technologies such as UV storage are expected to drive the growth of the solar farm industry.

Rise in construction activities around the world and increase in urbanization have led to shortage of electricity supply.

The use of solar energy by commercial buildings such as offices, malls, and airports help reduce the load on traditional fossil fuel power plants and further decreases the carbon footprint.

Impact Of Covid-19 On The Global Solar Farm Industry

The outbreak of COVID-19 has led to shortage of manpower in solar industry and loss of components & gadgets. It is expected that social distancing will be followed for a couple of months, and public transport, particularly trains and buses will take time to resume their operations. This has led to disruption of supply chain of solar industry, due to the lockdown implemented by the governments.

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Sun-based farms are ideal for creating sun-powered energy, which, in turn, aid in reducing greenhouse gas emissions. Solar farms require ample space, and the cost of constructing is considerably high.

The number of solar farms across the world is anticipated to grow, which acts as a potential opportunity for the expansion of the global market during the forecast period.

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Polyethylene Wax Market | Exclusive Report on the Latest Revenue and Future Scope to 2031

PE wax finds application in a wide range of industries, including plastic, packaging, textile, and tire & rubber, which drives the growth of the global polyethylene wax market. In addition, the emulsifiable type of PE wax is also used in auxiliaries, paper coatings, crayons, leather, and cosmetics, while the non-emulsifiable type is the most common in paints, printing ink, and pigment concentrates. These factors present lucrative opportunities for the market growth.

A complete and wide-ranging evaluation of the aspects that drive and restrain the market growth is also provided throughout the study. This detailed exploration of the market size and its proper segmentation help the market players define the prevalent opportunities that are looming large.

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The report helps clients in comprehending the first-hand knowledge of the global market while providing a full-fledged understanding of the regional-level analysis of each segment. At the same time, the study contain in-depth information of the frontrunners that are active in the industry along with their financial agenda, segmental profits, company trends, services/products offerings, and major adopted stratagems.

The high density polyethylene (HDPE) wax segment held the highest market share in 2021, accounting for around half of the global polyethylene wax market, and is estimated to maintain its leadership status throughout the forecast period, due to increased demand from the manufacturing industry for its properties such as low melt viscosity and compatibility with plasticizers, lubricants, and stabilizers.

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The Polyethylene wax market report keeps a perfect tab on the market share of several companies, recent market trends, revenue forecast, and new product launches across the market. The report includes company profiles that delineate the revenue share of the top competitors in the market. Simultaneously, the report provides revenue forecasts for four regions and more than twenty major countries across Asia-Pacific, LAMEA. North America and Europe.

Polyethylene wax Companies covered market:- DUEREX AG, Forplast, Innospec, Marcus Oil & Chemical, Merco, MLA Group of Industries and Other.

The plastics segment accounted for the largest share in 2021, contributing to nearly one-third of the global polyethylene wax market, and is projected to maintain its lead position during the forecast period. This is attributed to its cost-efficient, durability, and easy handling properties. Moreover, the hot melt adhesives segment is expected to portray the largest CAGR of 3.2% from 2022 to 2031, due to increase in usage of hot melt adhesives in various end-use industries such as packaging and building & construction.

Analysis of COVID-19 impact:

The outbreak of the pandemic has had a massive impact on the majority of industries and the Polyethylene wax market was also not an exception in this regard. The report provides a detailed study on the micro- and macro-economic impact during the pandemic. Additionally, it emphasizes the direct impact of the COVID-19 pandemic on the Polyethylene wax market in the form of qualitative study. The report offers explicit details regarding the market extent and shares during this unprecedented time. At the same time, the major strategies adopted by the market players to combat the global crisis is also covered under the report. Last but not the least, the report highlights how the pandemic has distorted the supply chain of the market and takes in a post-COVID-19 analysis too.

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