A Market Place Research – Page 1392

Construction Chemicals Market Detailed Analysis with Accurate Forecast to 2026

Surge in urbanization activities, compliant manufacturing standards, and the growth of the construction industry across the globe fuel the growth of the global construction chemicals market. Based on region, Asia-Pacific contributed to the highest market share in 2018, holding more than two-fifths of the market, and is estimated to maintain its leadership status based on revenue during the forecast period.

According to the report, the global construction chemicals industry garnered $31.98 billion in 2018, and is estimated to reach $50.6 billion by 2026, growing at a CAGR of 5.9% from 2019 to 2026.

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The Construction chemicals market report defines and outlines the products, applications, and specifications to the reader. The study lists the leading companies operating in the market and highlights the key change processes that companies have adopted to maintain their strengths. Strengths, weaknesses, opportunities, and combinations of leading companies are all referenced in the report using SWOT analysis and Porter’s five forces analysis tool. All major players in this global market are profiled with details such as product type, business overview, sales, manufacturing base, participants, applications, and specifications.

the research analyzes the report into segments including concrete admixtures, water proofing & roofing, flooring, repair, sealants & adhesives, and others. Among these, the concrete admixtures and water proofing & roofing segments together accounted the highest market share of the global construction chemicals market in 2018, accounting for nearly two-thirds of the total share. However, the concreate admixtures segment is expected to grow at the fastest growth rate by 2026, owing to rise in consumption from developing countries in Asia-Pacific with large number of infrastructure projects undertaken.

The Construction chemicals market has witnessed continuous growth in the past few years and is projected to grow even further throughout the forecast (2019-2026). This analysis presents a full assessment of the market and includes future trends, current growth factors, careful opinions, facts, historical information, statistically backed up, and valid market information.

This comprehensive Construction chemicals research report includes a close-up of these trends, share, and size to help companies operating within the trade understand the market and consequently strategize for business development. The analysis report analyzes the expansion, market size, key segments, trade share, applications, and key drivers.

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Construction chemicals Market Research Methodology:

This study estimates the size of the Construction chemicals market in 2019 and forecasts its growth by 2026. To provide detailed qualitative and quantitative analysis of the Construction chemicals market. Key sources such as experts from relevant industries and suppliers of Construction chemicals were interviewed to obtain and verify key information on the Construction chemicals market and to evaluate the prospects.

The major players in the Construction chemicals market are known through secondary analysis and their market share is determined through primary and secondary analysis. All activity shares split, and breakdowns are decisively sacrificial secondary sources and identified primary sources. The Construction chemicals market report begins with a basic summary of the trade life cycle, definitions, classifications, applications, and trade chain structure, all of these factors making it easy for key players to perceive the scope of the market, the characteristics it offers, and how it performs. Customer’s demand.

On the basis of application, the report is sub-segmented into residential, industrial/commercial, infrastructure, and repair structures. Among these, the residential and infrastructure segments together contributed for three-fifths of the total market share in 2018, and will maintain its dominance throughout the forecast period, owing to high demand of construction chemicals in these applications with rapid urbanization globally.

What the Construction chemicals Market Report Offers:

• Construction chemicals Market Share Assessment for Regional and Country Level Segments

• Market Share Analysis of Top Traders

• Construction chemicals Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and Recommendations)

• Strategic recommendations from key business segments supported market estimates.

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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 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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Tracking-as-a-Service Market Projected to Reach USD 6.50 Billion by 2030 Growing at a CAGR of 18.4 %

The surge in technological development in robotics and self-driven warehouses fuel the growth of manufacturing assets tracking system technology, thereby propelling the demand for the tracking-as-a-service technology.The Tracking-as-a-Service Market Size was valued at $1.20 billion in 2020 and is projected to reach $6.50 billion by 2030, growing at a CAGR of 18.4 % from 2020 to 2030.

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The cloud-based software segment was the highest contributor to the market in 2020. The manufacturing assets and in-transit assets segments collectively accounted for around 59.9% market share in 2020.The key tracking-as-a-service market trends include the emergence of eye-tracking system technology, coupled with a surge in demand for next-generation smart technology such as real-time tracking systems across retail, healthcare, and manufacturing sectors.

However, the surge in privacy concerns due to electronic monitoring systems and low awareness among consumers regarding tracking-as-a-service technology serves as a major restraint for the market growth. Furthermore, hike in the adoption of IoT-based technology is required to provide lucrative opportunities for the tracking-as-a-service industry during the forecast period.

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Region-wise, North America holds a significant share in the tracking-as-a-service market as this region accommodates a major population of the globe. Adoption of real-time locating systems and electronic monitoring systems across the retail, healthcare, manufacturing, IT, and Transportation sectors is expected to propel the tracking-as-a-service industry in this region.

Moreover, the surge in demand for the eye-tracking system across automotive sectors in North America is anticipated to boost the growth of the tracking-as-a-service market.Major industry players such as – DataLogic S.P.A, Impinj Inc., Infor Co., Midmark Co., Mojix Inc., PCCW Solutions, Stanley Black and Decker Inc., Topcon Co., Trimble Inc., and Zebr technologies Co.

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Key Findings Of The Study

In 2020, the software segment accounted for the maximum revenue in 2020.
The manufacturing assets and in-transit assets segment together accounted for the highest tracking-as-a-service market share in 2020.
The small & medium enterprise segment of the tracking-as-a-service market is projected to growth during the forecast period.
North America contributed major share in tracking-as-a-service market in 2020.

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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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Data Protection as a Service (DPaaS) Market

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Mobile Marketing Market Trends, Business Strategies and Opportunities With Key Players Analysis by 2030

On-demand business model with an emphasis on customer experience and an increase in popularity of omnichannel shopping fuel the growth of the global Mobile Marketing Market. On the other hand, complexities in integrating electronic data and data synchronization hinder the market progress. On the contrary, AI-based client experience management policies are anticipated to create opportunities for the market in the future.

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The report segments the global mobile marketing market on the basis of channel, component, verticals, organization size, and region.

Based on component, the platform segment accounted for the largest market share in 2020, contributing to more than three-fourths of the total share, and is expected to maintain the lead throughout the forecast period. On the other hand, the services segment is estimated to witness the fastest CAGR of 19.7% from 2021 to 2030.

Based on channel, the messaging segment contributed to the highest market share in 2020, attributing to more than two-fifths of the total market share, and is anticipated to dominate the mobile marketing industry during the forecast period. On the other hand, the quick response (QR) code segment is expected to manifest the fastest CAGR of 22.6% from 2021 to2030.

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Based on region, North America contributed to the highest share in 2020, holding nearly two-fifths of the total share, and is anticipated to maintain dominance throughout the forecast period. On the other hand, Asia-Pacific is anticipated to portray the fastest CAGR of 21.0% during the forecast period.

Key players of the global mobile marketing market analyzed in the research include Airship, Acoustic, Vibes, Swrve, Adobe, Braze, Localytics, Oracle, Salesforce, and SAP.

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COVID-19 Scenario:

Strict regulations regarding social distancing measures increased the preference to online channel.
During the pandemic, as most of the companies have adopted a work from home policy, the demand for mobile marketing services has increased. This helps companies to offer an efficient consumer experience.

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Digital Marketing Software Market

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Solar Panel Coatings Market Size is expected to reach $15.7 billion | Opportunity Analysis and Industry Forecast To 2030

The global solar panel coatings industry generated $2.1 billion in 2020, and is anticipated to generate $15.7 billion by 2030, witnessing a CAGR of 22.4% from 2021 to 2030. Allied Market Research published a report, titled, “Solar Panel Coatings Market by Type (Anti-reflective, Hydrophobic, Self-cleaning, Anti-soiling, Anti-abrasion, and others) and Application (Residential, Commercial, Energy, Agriculture, Automobiles, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030”.

Prime determinants of growth

Surge in applications & widespread usage of solar energy and government support policies to promote solar energy drive the growth of the global solar panel coatings market. However, high cost of solar panel coatings hinders the market growth. On the other hand, increase in investment towards solar energy research and development presents new opportunities in the coming years.

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Leading Market Players:-

Arkema Group
Advanced Nanotech Lab
Diamon-Fusion International Inc.
Fenzi SpA
Koninklijke DSM N.V
Nanoman, Nanopool GmbH
PPG Industries Inc.
Unelko Corporation

Covid-19 Scenario

The outbreak of the Covid-19 pandemic has had a negative impact on the global solar panel coatings market.
The lockdown implementation led to disruptions in the supply chain, due to which manufacturers faced improper transportation of raw materials.
All the offices, hotels, etc. were temporarily closed, which in turn, led to a decline in the usage of power. This caused a decline the demand for the solar panel industry market.

The hydrophobic segment to maintain its leadership status throughout the forecast period

Based on type, the hydrophobic segment held the highest market share in 2020, accounting for one-third of the global solar panel coatings market, and is estimated to maintain its leadership status throughout the forecast period. However, anti-soiling segment is projected to manifest the highest CAGR of 22.4% from 2021 to 2030.

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The energy segment to maintain its lead position during the forecast period

Based on end use, the energy segment accounted for the largest share in 2020, contributing to more than one-third of the global solar panel coatings market, and is projected to maintain its lead position during the forecast period. The ever-growing investment of the government towards solar power plants to curb the demand for power has increased the demand for the solar panel coatings market. Moreover, the commercial segment is expected to portray the largest CAGR of 23.2% from 2021 to 2030.

Asia-Pacific, followed by North America to maintain its dominance by 2030

Based on region, Asia-Pacific, followed by North America held the highest market share in terms of revenue 2020, accounting for nearly two-fifths of the global solar panel coatings market. This is because this region is home to a significant number of megacities and with an ever-increasing population. However, the same region is expected to witness the fastest CAGR of 23.3% from 2021 to 2030.

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Plastic Coatings Market

Industrial Coatings Market

High Performance Ceramic Coatings Market

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Commodity Plastics Market Size is projected to reach $858.4 billion | Top Players, Opportunity and Industry Forecast To 2030

According to the report published by Allied Market Research, the global commodity plastics market generated $469.4 billion in 2020, and is expected to reach $858.4 billion by 2030, witnessing a CAGR of 6.3% from 2021 to 2030. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.

Growth of the packaging industry, high demand for consumer goods, and surge in production of lightweight electric vehicles and metal prices drive the growth of the global commodity plastics market. However, increase in environmental concerns over plastic waste hinders the market growth. On the other hand, untapped potential in developing countries presents lucrative opportunities for the market players in the future.

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Leading players of the global commodity plastics market analyzed in the research include Exxon Mobil, Sumitomo Chemical, LG Chem, Sabic, The Dow Chemical Company, Sinopec, Ineos, Lyondellbasell, BASF SE, and Formosa Plastics.

Covid-19 Scenario:

Production facilities in commodity plastics have been halted due to lockdown measures, disrupted supply chain, and lack of workforce across the globe. This impacted the production volumes of commodity plastics.
The demand from industry verticals such as construction, textiles, and automotive decreased considerably due to disruptions in daily operations during the lockdown. However, the demand is expected to recover during the post-lockdown.
Market players have been revising their business strategies to enable continuity and adopt quick-response strategies for recovering the supply chain.

The report offers detailed segmentation of the global commodity plastics market based on type, end-use industry, and region.

Based on type, the polyethylene (PE) segment contributed to the highest share in 2020, accounting for nearly one-third of the total share, and is projected to continue its lead position throughout the forecast period. However, the polyethylene terephthalate (PET) segment is expected to manifest the largest CAGR of 7.5% from 2021 to 2030.

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Based on end-use industry, the packaging segment accounted for the largest share in 2020, holding more than one-third of the total share of the global commodity plastics market, and is projected to maintain its lead in terms of revenue during the forecast period. However, the construction segment is expected to register the highest CAGR of 6.9% from 2021 to 2030.

Based on region, Asia-Pacific held the highest share in 2020, accounting for more than two-fifths of the total share, and is estimated to maintain its dominance by 2030. Moreover, this segment is projected to manifest the fastest CAGR of 6.7% during the forecast period. The research also analyzes regions including North America, Europe, and LAMEA.

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Reinforced Plastics Market

Foam Plastics Market

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Aviation Gasoline Industry Outlook: New Avenues Are Opening

The aviation gasoline market size was valued at $12.5 billion in 2021, and aviation gasoline industry is estimated to reach $18.8 billion by 2031, growing at a CAGR of 4.2% from 2022 to 2031. Avgas (aviation gasoline) is an aviation gasoline used in aircraft with spark-ignited internal combustion engines. Avgas is distinguished from conventional gasoline (petrol) used in motor vehicles, which is termed mogas (motor gasoline) in aviation context. Aviation gasoline is primarily used by most of the military aircrafts and commercial airlines to maximize fuel efficiency and to lower the operational cost. Aircraft industry has expanding, which has increased the competition among aircraft aviation gasoline production in all sectors.

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The demand from military sector for efficient and low cost military grade fuel has increased as all the nations are increasing their military strength. Owing to increased disposable income and boom in tourism industry, rise in air transportation has been experienced through air travel mode, which further drives the aviation gasoline market opportunities. Moreover, introduction of new flight routes and investments from government for construction of new airports also boosts the growth of aviation gasoline market trends. However, fluctuations in crude oil prices and rise in concerns over high level of carbon emissions leading to strict rules & regulations hamper the market growth. Meanwhile, emerging sustainable aviation gasoline (SAF) that is produced from typical feedstock such as cooking oil and other non-palm waste oils from animals or plants, solid waste from homes and businesses, such as packaging, paper, textiles, and food scraps hamper the aviation gasoline market growth.

The aviation gasoline market forecast is segmented on the basis of grade type, aircraft type, application, and region. Depending on grade type, it is divided into Avgas 100, Avgas 100 LL, and others. By aircraft type, the market is classified into fixed wings, rotorcraft, and others. Fixed wings market dominated the aviation gasoline market share in 2021 and is expected to remain dominant during the forecast period. By application, the market is categorized into civil, military, sports & recreational, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East and Africa). The aviation gasoline market was dominated by North America in 2021 while, Asia-Pacific is expected to grow at higher CAGR owing to high demand from emerging economies in the region.

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The major companies profiled in this report include ExxonMobil Corporation, Shell plc, BP plc, TotalEnergies SE, Repsol S.A., Vitol Group, Phillips 66, Indian Oil Corporation Limited, Naftal, Hjelmco Oil AB, Chevron Corporation, Oman Oil Corporation SAOC, Sinopec Corp, Gazprom, and Sasol Limited. Rapidly industrialization, modernization, and spread of information through internet have led to the development of tourism industry which in-turn has fuelled the demand for aviation gasoline. Additional growth strategies such as expansion of production capacities, acquisition, partnership, and research & innovation in the application of unleaded aviation gasoline have led to attain key developments in the global aviation gasoline market trends.

Key findings of the study

As per aviation gasoline (avgas) market analysis, North America is anticipated to exhibit CAGR of 13.2% during 2022-2031.
As per global aviation gasoline market analysis, by grade type, the Avgas 100 segment accounted for the largest share in 2021.
By aircraft type, fixed wings aviation gasoline was the leading segment in 2021.
By application, civil segment was the highest revenue contributor in 2021.

Impact of COVID-19 on Global Aviation Gasoline (Avgas) Market:

COVID-19 has severely impacted the global economy with devastating effects on global trade, which has simultaneously affected households, business, financial institution, industrial establishments and infrastructure companies. The novel coronavirus has affected several economies ad caused lockdown in many countries which has limited the growth of the market.
COVID-19 pandemic has triggered a full-fledged crisis in 2020, with travel restrictions and aircraft cancellations imposed to stem the virus’s spread. As a result, demand for aviation turbine fuel and aviation gas has declined drastically. During the peak time of the pandemic, several flights have witnessed a reduction in operations due to the coronavirus outbreak. The majority of countries around the world are gradually opening up their market. Owing to this, demand for aviation gasoline is likely to reach normal levels. However, owing to private and corporate aircraft restrictions, aviation gasoline consumptions is still low compared to pre COVID-19. COVID-19 has forced the closure of training schools and air sports related activities.
The price of aviation gasoline is directly dependent on the crude oil prices. The demand for crude oil is deficient due to pandemic and the price of crude oil is relatively low; hence, having a negative impact on aviation gasoline cost. As demand for these products began to rise, prices for jet fuel and aviation gasoline (Avgas) market have been normalized.

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Blue Hydrogen Market to Record 14.1% Y-O-Y Growth Rate in 2031

The blue hydrogen market size was valued at $0.9 billion in 2021, and blue hydrogen industry is estimated to reach $3.5 billion by 2031, growing at a CAGR of 14.1% from 2022 to 2031. Blue hydrogen is an industry term for hydrogen produced from natural gas and supported by carbon capture and storage. The CO2 generated during the manufacturing process is captured and stored permanently underground. The result is low-carbon hydrogen that produces no CO2. Blue hydrogen is touted as a low-carbon fuel that is used for generating electricity, heating buildings, and powering cars, trains, trucks, and others.

Hydrogen is used in the production of ammonia and methanol. Ammonia’s potential as a carbon-free fuel, hydrogen carrier, and energy store represents an opportunity for renewable hydrogen technologies to be deployed at an even greater scale. Hydrogen is typically produced on-site at ammonia plants from a fossil fuel feedstock. The most common feedstock is natural gas, which feeds a steam methane reforming (SMR) unit. Coal can also be used to produce ammonia via a partial oxidation (POX) process. Methanol is currently considered to be one of the most useful chemical products and is a promising building block for obtaining more complex chemical compounds, such as acetic acid, methyl tertiary butyl ether, dimethyl ether, and methylamine. Methanol is the simplest alcohol, appearing as a colorless liquid and with a distinctive smell, and can be produced by converting CO2 and H2, with the further benefit of significantly reducing CO2 emissions in the atmosphere.

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Europe and Latin America regions are promoting the hydrogen economy. Governments around the world are announcing policy statements and releasing hydrogen strategies to support the hydrogen economy. Austria’s NECP plans to promote hydrogen to help increase the share of renewable energy in total energy consumption to 45-50% by 2030. The government outlined a national hydrogen strategy as part of its policy programme. Belgian encourages the development of hydrogen projects through subsidies and other legislative initiatives. It published its hydrogen roadmap in 2018, with long term goals for 2030 and 2050. It also allocated $70 million an investment plan for power-to-gas projects. The presence of above mentioned initiatives and applications will provide ample opportunities for the development of the market.

Blue hydrogen is generated from natural gas through steam methane reforming, gas partial oxidation, and auto thermal reforming process which generates minute quantity of greenhouse gases compared to the green hydrogen production process. Hence, this factor is anticipated to hamper the blue hydrogen market growth during the forecast period.

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The blue hydrogen market forecast is segmented on the basis of technology, end use, industry, and region. On the basis of technology, the market is divided into steam methane reforming, gas partial oxidation, and auto thermal reforming. On the basis of end use, it is classified into power generation, chemical, refinery, and others. In addition, on the basis of industry, the market is categorized into ammonia, methanol and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, North America accounts for the largest blue hydrogen market share, followed by Europe and Asia-Pacific.

The major companies profiled in this report include ATCO Ltd, Linde Plc, Air Liquide S.A., Suncor Energy Inc., Royal Ductch Shell PLC, Air Products Inc., Cummins Inc., Siemens Energy (Siemens AG), Toshibha Energy Systems & Solutions Corp., Equinor ASA, CertifHy Canada Inc., Xebec Adsorption Inc, Uniper SE, Saudi Aramco, and Reliance Industries. Rapid development of industrialization, modernization and increase in awareness among the individuals regarding the environmental impact of fossil fuels has fuelled the demand for blue hydrogen. Additional growth strategies such as expansion of production capacities, acquisition, partnership and research & innovation in the green energy application led to attain key developments in the global blue hydrogen market trends.

Key findings of the study

On the basis of region, Asia-Pacific is projected to exhibit CAGR of 13.9% from 2022 to 2031.
As per blue hydrogen market analysis, Japan is projected to exhibit CAGR of 13.3% from 2022 to 2031.
South Korea is projected to exhibit CAGR of 14.1% from 2022 to 2031
North America held dominant position in 2021 and would continue to maintain the lead during the forecast period.
On the basis of technology, steam methane reforming technology segment accounted for the largest share in 2021.
On the basis of end use, chemical end use segment is projected to be the most lucrative segment during the forecast period.
On the basis of industry, ammonia based segment is projected to create abundant revenue opportunity till 2030.

COVID-19 analysis:

At the initial stage, demand for hydrogen significantly declined due to lockdowns. Furthermore, the supply of hydrogen was hampered, as major portion of the hydrogen is produced from natural gas reforming. However, governments of various countries across the world have eased lockdown restrictions. Therefore, the manufacturing process is steadily rising. This is driving the demand for hydrogen in industrial applications. The trend is expected to continue during the forecast period.

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Electric Arc Furnaces Market High Trends, Share Analysis, Growth and Forecast 2030

Global Electric Arc Furnaces Market: Industry Analysis and Forecast, 2021–2030

The global Electric Arc Furnaces market report offers the complete market share, size, and the growth rate of different segments at both the country and regional levels. It provides an in-depth study of the market subtleties such as the current trends, drivers, opportunities, and even the restraining factors. The report also highlights the qualitative aspects in the study. Additionally, the unit takes in the key findings, in terms of market overview and investment prospects. The market report also involves the competitive landscape containing the profiles of top ten major players in the industry. The frontrunners have been thoroughly assessed based on their revenue size, service/product portfolio, regional presence, key plans & policies, and overall contribution to the growth of the market.

Electrical energy is supplied via the graphite electrodes. It uses high-voltage electric arcs to make steel or to manufacture metals. These are used in mini-mills that recycle direct reduced iron, steel, and other mixture of scrap into new steel products. An electric arc furnace capacity ranges from small units of approximately one-ton capacity to more than 400 tons.

An electric arc furnace (EAF) is an efficient melting apparatus which is used in steelmaking. It is a high-temperature furnace that heats charged material (scrap metal) by means of an electric arc. Melting is done by supply of energy to the furnace interior.

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Covid-19 Scenario:

Owing to temporary closure of manufacturing facilities and disruptions in the supply chain, the global Electric Arc Furnaces market has been negatively impacted, especially in the initial period of the pandemic.
Unavailability of raw materials and shortage of skilled labor force was a major challenge, which is why, carrying out manufacturing in full capacity was impossible.
The demand from applications sectors reduced significantly due to stoppage of new construction, deployment, and maintenance activities during the lockdown. However, the demand is expected to regain during the post-lockdown.

Market trends

In March 2020, Tenova S.p.A., provided its technology to Metalloinvest to complete the modernization of its EAF. This development allows the company to produce steel using converter method without using electrodes.
In March 2020, Cleveland-Cliffs Inc. acquired AK Steel Holding Corporation. This increases the presence of the company in the North America region.

Key Segments Covered

Market by Technology

DC arc furnace
AC arc furnace

Market by Application

Metal Smelting
Ore Smelting
Others

Market by Capacity

Up to 100 tons
100 – 200 tons
200 – 300 tons
More than 300 tons

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Key Benefits of the Report

This study presents the analytical depiction of the electric arc furnaces along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the electric arc furnaces market share.
The current market is quantitatively analyzed from 2020 to 2030 to highlight the electric arc furnaces market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed electric arc furnaces market analysis based on competitive intensity and how the competition will take shape in coming years

Solar Tracker Market to Garner $16 billion by 2031 at 6.1% Y-O-Y Growth Rate, Says AMR

Solar tracker market size was valued at $8.9 billion in 2021, and is estimated to reach $16.0 billion by 2031, growing at a CAGR of 6.1% from 2022 to 2031. Solar tracker is often used to optimize the energy output from solar panels. Solar panels are always pointed directly at the sun, owing to its mechanism solar panel tracks daily rotation of sun from east to west. It enhances solar irradiation received by solar-energy collector and helps in increasing output of electricity that is generated.

Solar tracker possesses various properties such as it offers minimal wind resistance and provides electrical and thermal stability. Hence, owing to such functionalities, it is extensively used for residential, commercial, agriculture, and other purposes such as in on-grid for roofs of houses, traffic signals, street lights, cottages, and small power plants.

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The market is primarily driven by expanding global demand for energy, growing environmental awareness, and depletion of fossil fuels. Demand for solar trackers is expected to increase during the forecast period as a result of growing government initiatives in nations such as the U.S., India, and China to shift to solar energy. In addition, it is anticipated that solar tracker companies would benefit from new growth prospects brought on by ongoing product innovations in solar technology as well as growing usage of IoT and artificial intelligence.

Increase in steel costs further raises cost of these tracking systems, which are employed in majority of utility-scale projects. This is one of the main reasons impeding growth of the solar tracker market. Steel often accounts for more than 65% of the entire cost of solar tracking systems, making them more expensive. Moreover, installation of a solar tracking system is more expensive overall than placing regular solar panels, which hinders its use in residential areas where energy demand is less. This factor is estimated to hamper the solar tracker market growth.

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Development of solar trackers for unusual settings, such as capped landfills, has been identified as the main trend in the global market for solar trackers. Solar trackers are typically fixed on posts that are hammered into the ground or on posts with ballast. In addition, factors such as growing manufacturing industry, availability of feedstock at reduced prices, and arrival of local players has led manufacturers to offer solar trackers at low prices. This factor is expected to create remunerative opportunities for expansion of the solar tracker market in the future.

Key players operating in the global solar tracker market analysis include Array Technologies, Inc., Convert Italia, Nextracker Inc., SunPower Corporation, Trina Solar, DEGERENERGIE GMBH & CO. KG, GameChange Solar, STI Norland, Ideematec, PV Hardware, MECASOLAR, Mechatron, OPTIMUM TRACKER, Powerway Renewable Energy Co. Ltd., and Schletter.

Impact of COVID-19 on the global solar tracker market

The novel coronavirus is an incomparable global pandemic that has spread to over 180 countries and caused huge losses of lives and the economy around the globe. The adoption of solar tracker for electricity generation, which was strongly dependent on China and India, as well as the world economy both suffered from the health crisis brought on by the spread of COVID-19. Due to supply chain interruption and a lack of raw materials, manufacturing units were forced to shut down during the lockdown which is negatively impacting the solar tracker for power generation market statistics. Additionally, a labor shortage caused supply chain issues in the United States, which was a dominating country in the solar tracker market, as well as a nation lockdown hampered industrial progress. Further, the disruptions to transport and logistics affected due to strict government regulations as well as nationwide lockdown led to a significant pause in delivering the product, rising shipment cost and price of fuel, taxes, workforce, and disruptions to shipping facilities. However, it is anticipated that sales of solar trackers for power generation will increase in the next years due to elements including supportive government policies and initiatives to fulfil expanding energy demand using renewable energy sources.

Key findings of the study

By type, the solar axis segment is estimated to display highest growth rate, in terms of revenue, registering a CAGR of 6.3% from 2022 to 2031
By technology, the photovoltaic segment is anticipated to register highest CAGR of 6.3% during the forecast period.
By application, the utility segment is anticipated to register highest CAGR of 6.3% during the forecast period.

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Tractor Implements Market: Industry Analysis and Forecast, 2021–2029

Tractor Implements Market: Global opportunity analysis and industry forecast, 2022-2029

The global Tractor Implements market report offers the complete market share, size, and the growth rate of different segments at both the country and regional levels. It provides an in-depth study of the market subtleties such as the current trends, drivers, opportunities, and even the restraining factors. The report also highlights the qualitative aspects in the study. Additionally, the unit takes in the key findings, in terms of market overview and investment prospects. The market report also involves the competitive landscape containing the profiles of top ten major players in the industry. The frontrunners have been thoroughly assessed based on their revenue size, service/product portfolio, regional presence, key plans & policies, and overall contribution to the growth of the market.

Tractor implements refers to the agricultural machines that are attached to a tractor. The tractor implements are used for various operation in the agricultural field like land preparation, harvesting, sowing, seeding, baling, irrigation and others. The tractor implements are categorized into three mounting locations that is front, mid and rear. The most common front mounted implement on the tractor is tractor loader.

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The common mid position tractor implement is the mower deck while the common rear mounted implement is the tractor rear blade. The other tractor implements include tractor blades, landscape rakes, spreaders, tillovators, sprayers, quick hitchers, disc mowers, rotary tedders and other such tractor implements. There are two types of tractor implements on the basis of their operation that is powered and unpowered. The powered tractor implement requires mechanical and electrical power for their movement while the unpowered tractor implements are operated normally.

Covid-19 Scenario:

Owing to temporary closure of manufacturing facilities and disruptions in the supply chain, the global Tractor Implements market has been negatively impacted, especially in the initial period of the pandemic.
Unavailability of raw materials and shortage of skilled labor force was a major challenge, which is why, carrying out manufacturing in full capacity was impossible.
The demand from applications sectors reduced significantly due to stoppage of new construction, deployment, and maintenance activities during the lockdown. However, the demand is expected to regain during the post-lockdown.

Key Segments Covered

Market size available for years	2019–2029
Base year considered	2019
Forecast period	2020–2029
Forecast units	Value (USD)
Segments covered	Phase type, Power, drive and Region
Companies covered	Major players analyzed include Claas KGaA Mbh, Deere & Company, Kubota Corporation, CNH Industrial N.V., Agco Corporation, Tractors and Farm Equipment Limited (TAFE), SDF Group, Mahindra & Mahindra, J C Bamford Excavators Ltd. (JCB), Actuant, Kuhn Group, Alamo Group

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Key Benefits for Stakeholders:

This report provides a detailed quantitative analysis of the market segments, current trends, estimations, and dynamics of the operating room equipment market analysis from 20WW to 20MM to identify the prevailing operating room equipment market opportunities.
The global Tractor Implements market study offers insightful data on several factors such as social, environmental, political, and others that can influence Tractor Implementsx market growth.
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 operating room equipment market segmentation assists to determine the prevailing market opportunities.
An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
Major market players within the market are profiled in this report and their strategies are analyzed thoroughly.
The report includes the analysis of the regional as well as global operating room equipment market trends, key players, market segments, application areas, and market growth strategies.