A Market Place Research – Page 1472

LNG Bunkering Market Estimated to Hit $5.14 Billion by 2027

The global LNG bunkering market size was valued at $0.38 billion in 2019, and is projected to reach $5.14 billion by 2027, growing at a CAGR of 45.2% from 2020 to 2027. The LNG bunkering market is anticipated to witness considerable growth during the forecast period, owing to factors such as IMO regulation on the sulfur content in the marine fuel and increase in gas exploration & production activities. However, demand-supply gap for LNG bunkering is the key factor restraining the growth of the market in the upcoming years. On the contrary, increase in attention and utilization of LNG as bunker fuel create opportunity for the key players in the LNG bunkering financing.

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On the basis of application, the cargo fleet segment holds the largest market share, in terms of revenue, and is expected to grow at a CAGR of 45.4%. This is owing to increase in demand for cargo transportation through ships and rise in trade-related agreements. In addition, rise in number of manufacturing units and factories in the region such as Asia-Pacific and LAMEA is anticipated to drive the growth of the LNG bunkering market for cargo shipping.

Depending on the product type, the ship-to-ship segment held the highest market share of around 60.5% in 2019, and is expected to maintain its dominance during the forecast period. This is due to rise in number of ships using LNG due to the need for cleaner fuel in compliance with stringent government regulations to minimize air pollution and preserve sustainability. In addition, due to advantages such as fast transfer operations and high capacity of 700-7,500 tons, the ship-to-ship LNG bunkering segment is expected to witness substantial revenue growth during the forecast period.

On the basis of the region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Europe garnered the dominant share in 2019, 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 increase in maritime trade activities in the region. Moreover, rise in LNG bunkering infrastructure development activities in the European region is anticipated to contribute toward the growth of the LNG bunkering market in Europe.

The global LNG bunkering market analysis covers in-depth information of the major industry participants. The key players operating and profiled in the report include Broadview Energy Solutions B.V., Crowley Maritime Corporation, Gasum Oy, Harvey Gulf International Marine, Klaw LNG, Korea Gas Corporation, Polskie LNG S.A., Royal Dutch Shell Plc, SHV Energy, Total SE, PETRONAS, and Exxon Mobil Corporation.

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Key Findings Of The Study

In 2019, the ship-to-ship segment accounted for around 60.5% of the share in the global LNG bunkering market, and is expected to maintain its dominance throughout the forecast period.
In 2019, the cargo fleet segment accounted for 24.8% market share in the year 2019, and is anticipated to grow at a rate of 25.1% in terms of revenue, increasing its share in the global LNG bunkering market.
Container fleet is the fastest-growing application in the Asia-Pacific LNG bunkering market, expected to grow at a CAGR of 46.2% during 2020–2027.
Asia-Pacific is expected to grow at the fastest rate, registering a CAGR of 45.9%, throughout the forecast period.
In 2019, Europe dominated the global LNG bunkering market with more than 39.4% of the share, in terms of revenue.

COVID-19 impact on the market

The demand for marine fuel has decreased, owing to the COVID-19 pandemic across the world. According to the International Energy Agency (IEA), fuel oil demand for end uses including marine bunker, power generation, and industrial uses is expected to decline by 6.3% in 2020. Furthermore, as LNG and crude oil prices declined in the 2nd quarter of 2020, thus, the overall revenue of bunkering industry is likely to diminish in the second quarter of 2020. Owing to the implementation of IMO-2020 from January, there is increase in demand for very low sulfur fuel oil and its alternatives such as LNG, Methane, and others but with the supply chain disruptions there will be ups and downs in the low sulfur bunker fuel sales throughout 2020.
It is expected that the demand for LNG bunker fuel in Singapore is expected to remain steady throughout 2020, owing to the shipowner’s optimistic attitude or faith toward largest bunkering hub. Thus, all these factors collectively are antedated to result in sluggish growth of the global LNG bunkering market in 2020, and is likely to increase by the end of the first quarter of 2021.

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Green Hydrogen Market Estimated To Hit $9.8 Billion by 2028

The global green hydrogen market size was valued at $0.3 billion in 2020, and is projected to reach $9.8 billion by 2028, growing at a CAGR of 54.7% from 2021 to 2028. Demand for sources of renewable energy is on the rise across the globe to lower carbon emission. Green hydrogen is one of the sources of renewable energy. Moreover, favourable government policies that encourage reduction in carbon footprint also drive the market growth.

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Green hydrogen is generated by the electrolysis of water using renewable energy sources such as wind or solar energy. Presence of favorable government policies encouraging hydrogen economies, as well as environmental concerns about rising carbon emissions from fossil fuel use, are expected to fuel demand for hydrogen. This pattern is expected to provide a future growth environment for the industry.

In the year 2019, owing to higher operating time capacity of this technology and low capital cost, the alkaline electrolyzer segment held the largest share of the global market and is expected to expand at the fastest pace during the forecast period.

In 2019, the power generation segment witnessed a significant increase in the market. This is attributed to rise in demand, owing to population growth, rapid industrialization in developing economies, and population migration into cities.

By region, the green hydrogen market is dominated by Europe. The area has extensive oil & gas infrastructure, which has enormous potential to be transformed into hydrogen production, storage, and transportation infrastructure while also creating jobs.

Some of the key players operating in the global green hydrogen market are Ballard Power Systems, Enapter, Engie, Green Hydrogen Systems, Hydrogenics, Nikola Motors, Plug Power, SGH2 Energy Global LLC, Shell, and Siemens Gas and Power GmbH & Co. KG.

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Key Findings Of The Study:

By technology, the alkaline electrolyzer segment emerged as the global leader with more than 52.3% share in 2020.
By application, the power generation segment dominated the global green hydrogen market with around 72.7% global market share in 2020.
By end-use industry, the petrochemicals segment dominated the global green hydrogen market with around 41.3% global market share in 2020.
Countries such as the U.S., China, and India are emerging as investment centric hubs due to wide scope of green hydrogen in the manufacturing sector.

Impact Of Covid-19 On The Global Green Hydrogen Market

The green hydrogen industry was unaffected by COVID-19 disruption. However, coronavirus-related lockdowns posed a number of problems for industry participants, including disrupted supply chains, logistical difficulties in shipping end goods, and recruiting staff from quarantines.

In addition, the pandemic ensured a strong rise in renewable energy market, resulting in constant increase in energy demand. The renewable energy market grew steadily during 2020, owing to increase in energy demand from industrial sectors. Following relaxation of lockdown mandates in many countries, the green hydrogen market is quickly returning to normal and is expected to pick up even further.

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Cloud OSS BSS Market Size Growing at a CAGR of 10.1% to 2031

Cloud OSS BSS is service-oriented with a highly efficient system to facilitate resource distribution, automation, and tracking usage. Cloud OSS BSS often connects technologies such as 5G, Internet of Things (IoT), and cognitive billing systems to completely automate business processes.

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For instance, cloud OSS BSS can handle all telecom business operations and through cloud-hosted networks instead of businesses manually handling them or storing them in a central database.

Furthermore, reduced cost through reusable assets and auto-scalability and zero downtime for infrastructure resizing in the telecom sector drive the global cloud OSS BSS market. Furthermore, increase in cloud adoption across several industry verticals and increasing 5G adoption to surge the demand for cloud OSS BSS drive the cloud OSS BSS market growth. Moreover, the growing demand for convergent billing systems boosting the cloud OSS BSS market size.

However, lack of technical proficiency in implementing cloud-native OSS BSS solutions hampers the cloud OSS BSS market forecast. On the contrary, rise in inclination toward cloud technology and the adoption of cloud technologies transforming the telecom industry operators is expected to offer remunerative opportunities for expansion of the market during the forecast period.

Based on component, the solution segment contributed to the highest market share in 2021, contributing to nearly three-fifths of the global cloud OSS BSS market, and is expected to maintain its leadership status during the forecast period.

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This is due to assistance to organizations in forecasting the conditions, calculating the output, managing market transactions, and ensuring compliance with regional, state, and national regulations. However, the service segment is projected to witness the largest CAGR of 12.4% from 2022 to 2031, owing to the effective functioning of network services along with the management of customer services, business operations, and platforms throughout the process.

Based on industry vertical, the IT and Telecom segment held the highest market share in 2021, accounting for nearly three-fifths of the global cloud OSS BSS market, and is expected to maintain its lead position during the forecast period. This is due to the efficiency provided by OSS BSS in product management, business operations, revenue management, customer management, and IT in telecom services.

However, the retail and e-commerce segment is projected to manifest the fastest CAGR of 14.5% from 2022 to 2031. This is attributed to its ability to simplify the systems and deliver a personalized customer experience. Moreover, retail-as-a-service (RaaS) integrates various verticals such as inventory and order processing to enhance the capabilities of restocking.

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Based on region, North America contributed the highest market share in terms of revenue in 2021, accounting for around two-fifths of the global cloud OSS BSS industry, and is expected to maintain its dominance in terms of revenue by 2031. This is owing to the rise in adoption of cloud OSS BSS solutions across end-user industries such as media & entertainment, retail, and financial sectors in the region. However, Asia-Pacific is projected to manifest the fastest CAGR of 13.5% during the forecast period. This is attributed to rise in demand for cloud OSS BSS solutions in the BFSI sector for enhancing customer experience and capitalizing on new avenues of growth.

The key players profiled in the cloud OSS BSS market analysis are AMDOCS LIMITED, Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., Ltd., HEWLETT PACKARD ENTERPRISE COMPANY, International Business Machines Corporation, Netcracker, Nokia Corporation, OPTIVA INC, Oracle, ZTE Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the cloud OSS BSS industry.

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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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OSS & BSS Market

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Web Hosting Services Market Booming Worldwide by 2027: Report Focusing on Opportunities

The rise in the number of organizations across the globe and their efforts to have an online presence, increase in mobile marketing platforms, and availability of web hosting services with excellent server performance fuel the growth of the global web hosting services market.

Impact of Covid-19 on Web Hosting Services Market:

The outbreak of covid-19 made most business owners sell their products & services online. This, in turn, led to increasing adoption of web hosting services from several corners, thereby, boosting the demand for the global market.
Also, several market players doled out free hosting services during the initial phase to help businesses amidst the pandemic and raise their revenue in due course.

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The web hosting services market is segmented on the basis of type, deployment model, application, end user, and region.

Based on type, the shared hosting segment held the highest market share, with more than one-third of the market share in 2019. The segment is expected to maintain its dominance by the end of 2027. However, the website builders segment is expected to register the fastest CAGR of 18.0% throughout the forecast period.

Based on deployment model, the public cloud segment held more than two-fifths of the global market revenue in 2019, and is anticipated to lead the trail by 2027. However, the hybrid cloud segment is expected to manifest the fastest CAGR of 17.2% from 2020 to 2027.

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Based on geography, the market is studied across regions including Asia-Pacific, Europe, North America, and LAMEA. The market across North America region held the major share in 2019, with two-fifths of the global web hosting services market. Nevertheless, the market across Asia-Pacific is expected to exhibit the fastest CAGR of 19.2% during the forecast period.

According to the report published by Allied Market Research, the global web hosting services industry was pegged at $57.46 billion in 2019, and is projected to reach $183.05 billion by 2027, manifesting a CAGR of 15.2% from 2020 to 2027. The report offers an extensive analysis of changing market trends, key segments, top investment pockets, value chain, competitive landscape, and regional scenario.

Key players profiled in the report include AT&T Inc., Just Host, Dreamhost Inc., Easyhost, GoDaddy Inc, Google Inc., Amazon Web Services Inc., 1&1 Internet Inc., and InMotion Hosting.

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Self-Service BI Market | Increase In Demand in Asia-Pacific By Forecast 2026

Simplified usage of non-technical staff, expanding volume of business data, and rise in need for in-depth competitive insights have augmented the growth of the global self-service BI market. Whereas, high investment costs restrain the market. Nevertheless, expanding the market in SMEs is anticipated to create multiple opportunities in the near future.

According to the report published by Allied Market Research, the global self-service BI market garnered $4.73 billion and is anticipated to reach $14.19 billion by 2026, registering a CAGR of 14.8% from 2019 to 2026.

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The solution segment held the largest share in 2018, contributing to more than four-fifths of the global self-service BI market. The rise in number of applications that resides on smartphones has driven the demand for analytical solutions that can gather data from smart devices and provide insights on the user’s behavior, which contributed to the growth of the segment.

However, the services segment is expected to portray the largest CAGR of 17.4% during the forecast period, owing to the proliferation of BI services among organizations to stay competitive and gain competitive advantage.

Based on component, the software segment held the largest share in 2018, contributing to more than four-fifths of the global self-service BI market. However, the services segment is expected to portray the largest CAGR of 17.4% during the forecast period.

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Based on application, the predictive asset maintenance segment is expected to register the fastest CAGR of 18.2% during the forecast period. The segment is anticipated to dominate the market throughout the forecast period. However, the fraud and security management segment dominated in 2018, accounting for more than one-fifth of the global self-service BI market.

The global self-service BI market is analyzed across various regions including Asia-Pacific, Europe, LAMEA, and North America. The market across North America held the largest share in 2018, contributing to nearly two-fifths of the market. On the other hand, the market across Asia-Pacific is anticipated to manifest the fastest CAGR of 18.0% during the forecast period.

The key market players in the report include IBM Corporation, MicroStrategy Incorporated, Microsoft Corporation, Qlik Technologies, Inc., Oracle Corporation, SAP SE, Tableau Software, SAS Institute Inc., TIBCO Software Inc., and Zoho Corporation Pvt. Ltd.

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COVID-19 Scenario:

The fact that companies are switching towards BI and analytics to execute their strategies and plans for survival amid the crisis has contributed to the market growth.
The increased adoption of remote working system amid lockdown by sectors including telecom and IT, healthcare, media and entertainment, BFSI, and retail and e-commerce has increased the demand for self-service BI market.

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Mobile BI Market

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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 in making strategic business decisions and achieving sustainable growth in their respective market domains.

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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Heavy Commercial Vehicle HVAC Market Growth Focusing on Trends & Innovations During the Period Until 2027

According to the report published by Allied Market Research, the global heavy commercial vehicle HVAC market was estimated at $1.14 billion in 2010 and is expected to hit $2.40 billion by 2027, registering a CAGR of 6.5% from 2021 to 2027. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.

Rise in demand for thermal system and automatic climate control features in heavy vehicles, development of Intelligent Transport System, and increase in inclination toward boarding electric buses drive the growth of the global heavy commercial vehicle (HCV) HVAC market. On the other hand, high installation and maintenance costs restrain the growth to some extent. However, development of eco-friendly refrigerants and surge in demand for HVAC systems from the developing nations are expected to pave the way for lucrative opportunities in the industry.

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COVID-19 Scenario-

The outbreak of the pandemic led to extended lockdowns in order to restrain the spread of the virus. This, in turn, gave way to sudden fall in demand for automobiles across the world.
However, the global situation is getting better at a slow & steady pace, and the market is anticipated to revive soon.

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The global heavy commercial vehicle (HCV) HVAC market is analyzed across type, vehicle type, sales channel, input, vehicle type by propulsion, and region. Based on vehicle type, the transit buses segment held the major share in 2010, garnering more than one-fifth of the total market. The intercity buses segment, on the other hand, would manifest the fastest CAGR of 7.8% during the forecast period.

By type, the automatic segment accounted for more than half of the total market revenue in 2010, and is anticipated to retain its dominance by 2027. The same segment would also grow at the fastest CAGR of 7.8% from 2021 to 2027.

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Based on region, the market across Asia Pacific contributed to the major share in 2010, holding more than one-third of the global market. The region would also cite the fastest CAGR of 7.1% from 2021 to 2027. Other provinces studied in the report include North America, LAMEA, and Europe.

The key market players analyzed in the global heavy commercial vehicle (HCV) HVAC market report include Denso Corporation, Eberspächer Gruppe GmbH & Co. KG, Grayson Thermal Systems, Zhengzhou Guchen Industry Co., Ltd., Japan Climate Systems Corporation, Konvekta AG, SUTRAK Corporation, MAHLE GmbH, Mobile Climate Control, Inc., Internacional Hispacold Sa, ProAir LLC, Webasto Group, Sanden Holdings Corporation, Coachair Pty Ltd., Sidwal Refrigeration Industries Pvt. Ltd., Subros Limited, Trane Technologies PLC, TransACNR, Valeo. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.

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Similar Report We Have on Automotive Industry:

Automotive HVAC System Market by Technology (Automatic and Manual), Vehicle Type (Passenger Car, Commercial Vehicle, and Electric Vehicle), and Component (Evaporator, Compressor, Condenser, Receiver-drier, Expansion Valve and Others): Global Opportunity Analysis and Industry Forecast, 2020–2030.

Bus HVAC Market by Type (Engine Powered HAVC and Electric Powered HAVC), by Application (Coach, Inner City Bus, and School Bus), and by Powertrain (ICE powered and Electric & hybrid): Global Opportunity Analysis and Industry Forecast, 2020–2030.

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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.

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Automotive Automatic Tire Inflation System (ATIS) Market Emerging Analysis, Future Growth and Business Opportunities 2030

According to the report published by Allied Market Research, the global automotive automatic tire inflation system market size generated $658.10 million in 2020, and is estimated to reach $2.26 billion by 2030, witnessing a CAGR of 13.3% 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.

Rise in demand for all-terrain & military vehicles, increase in demand for incorporation of safety features in vehicles, and surge in demand for comfort while driving are the factors that propel the growth of the global automotive automatic tire inflation system market. However, high implementation cost & configuration complexity restrain the market growth. On the other hand, technological advancements and integration of automatic tire inflation system with telematics create new opportunities in the coming years.

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Covid-19 Scenario:

Manufacturing operations of automotive automatic tire inflation system were halted partially or completely due to lockdown restrictions taken place across many countries. Moreover, disruptions in supply chain and shortage of raw materials presented various challenges in carrying out manufacturing with full capacity.
The ban on import-export activities led to disruption in supply chain and created a supply-demand gap. As the restrictions are lifted off, the supply chain restored, and is on the path of steady recovery.
The report offers detailed segmentation of the global automotive automatic tire inflation system market based on product type, application, sales channel, and region.

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Based on product type, the central tire inflation segment contributed to the highest share in 2020, accounting for nearly four-fourths of the total market share, and is estimated to maintain its dominant share by 2030. However, the continuous tire inflation segment is projected to manifest the highest CAGR of 14.9% from 2021 to 2030.

Based on application, the heavy duty vehicles segment held the largest share in 2020, accounting for more than two-thirds of the global automotive automatic tire inflation system market, and is estimated to continue its lead position during the forecast period. However, the light duty vehicle segment is estimated to witness the fastest CAGR of 14.2% during the forecast period.

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Based on region, North America accounted for the highest share in 2020, contributing to nearly two-fifths of the total market share, and is projected to continue its leadership status by 2030. However, Asia-Pacific is projected to portray the fastest CAGR of 14.5% during the forecast period.

Leading players of the global automotive automatic tire inflation system market analyzed in the research include Aperia Technology Inc., Dana Limited, Bigfoot Equipment LTD, Hendrickson USA, LLC, FTL/IDEX (subsidiary of IDEX Corporation), Parker Hannifin Corp., Meritor, Inc., the Goodyear Tire & Rubber Company, SAF-HOLLAND SE, and ti.systems GmbH.

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Similar Reports We Have on Tire Industry:

Pneumatic Tire Market by Sales (Replacement Tires, OEM) and Vehicle (Two wheelers, Four Wheelers, Aircraft, Industrial Vehicles, Agricultural Vehicles and Off-Road Vehicles) – Global Opportunity Analysis and Industry Forecast, 2014 – 2030.

Automotive Tubeless Tire Market by Type (Radial and Bias), Vehicle Type (Two Wheelers, Passenger Cars, and Commercial Vehicles), and Distribution Channel (Original Equipment Manufacturer {OEM} and Aftermarket) – Global Opportunity Analysis and Industry Forecast, 2017-2030.

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Automotive Thermal System Market with Covid-19 Pandemic Analysis, Growth Rate, New Trend Analysis Forecast To 2030

According to a new report published by Allied Market Research, titled, “Automotive Thermal System Market,” The automotive thermal system market was valued at $42.8 billion in 2020, and is estimated to reach $71.9 billion by 2030, growing at a CAGR of 5.5% from 2021 to 2030.

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Rise in adoption of electric vehicles due to growing environmental concerns and enforcement of stringent emission regulations contribute toward the market growth. Numerous countries across the globe are adopting electric vehicles to achieve their net zero emission target. Moreover, integration of thermal system in electric vehicle aids in improving operating range, battery performance, and comfort. Thus, greater demand for electric vehicles is one of the factors that will be driving the growth of the automotive thermal system market during the forecast period.

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Automobile manufacturers are focusing on development of electric & hybrid vehicle across the globe. In context of electric vehicle, numerous manufactures have started to develop electric components such as electric compressor and battery cooling systems for electric & hybrid vehicles. For instance, in August 2021, Johnson Electric introduced high-power electric compressor, which aids in reducing heat produced by battery during high-rate fast charging of electric vehicles.

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COVID-19 Impact Analysis

The COVID-19 crisis has created uncertainty in the market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. Governments of different regions have already announced total lockdown and temporarily shutdown of industries, thereby adversely affecting the overall production and sales of automotive thermal system.

The impact of the COVID-19 pandemic has resulted in supply chain disruptions causing halt in production of vehicles & low sales of passenger cars across the globe. Moreover, government enforced lockdown resulted in halt in production and decrease in demand for automotive during COVID-19 pandemic period. A global shortage of components has caused major production delays, and limited vehicle inventory.

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KEY FINDINGS OF THE STUDY

By application, the fluid transport segment is anticipated to exhibit significant growth in the near future.
On the basis of vehicle type, the passenger cars segment is anticipated to exhibit significant growth in the near future.
Depending on propulsion, the electric and hybrid vehicles segment is anticipated to dominate in the near future.
Region wise, Europe is anticipated to register the highest CAGR during the forecast period.

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About Allied Market Research

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Asia-Pacific Aerospace 3D Printing Market to Reach at 20.5% of CAGR During 2030

Allied Market Research published a report, titled, “Aerospace 3D Printing Market by Printing Technology (Selective Laser Sintering (SLS), Selective Laser Melting (SLM), Binder Jetting, Fused Deposition Modeling (FDM), Stereolithography (SLA), and Others), Platform (Aircraft, Unmanned Aerial Vehicle (UAV), and Spacecraft), Application (Production and Pre-production & Post-production), Delivery (Product and Service) and Offering (Hardware (Printer and Material (Metal & Ceramics (Titanium, Aluminum, Steel, and Others), Thermoplastics (Polycarbonate (PC), Acrylonitrile Butadiene Styrene (ABS), Nylon/Polyamide, Fiber, and Others))), and Software): Global Opportunity Analysis and Industry Forecast, 2021-2030.” According to the report, the global aerospace 3D printing industry was estimated at $1.38 billion in 2020, and is anticipated to hit $6.80 billion by 2030, registering a CAGR of 18.4% from 2021 to 2030.

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Covid-19 Pandemic-

The outbreak of the pandemic gave way to significant drop in the global passenger traffic, and the demand for new air traffic also experienced a steep decline, especially during the initial period, thereby impacting the global aerospace 3D printing market negatively.
However, the market is projected to get back on track soon.

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Rise in demand for lightweight and durable aerospace components and simplification of complex design with rapid prototyping and customization drive the growth of the global aerospace 3D printing market. On the other hand, limited regulatory Infrastructure and high initial investment & peripheral costs restrain the growth to some extent. However, technological advancements & material innovation and growing demand for cloud based 3D printing services are anticipated to create lucrative opportunities in the industry.

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Based on printing technology, the binder jetting segment held the major share in 2020, generating more than one-fourth of the global aerospace 3D printing market. The same segment is also projected to cite the fastest CAGR of 19.9% during the forecast period, owing to its vast scope of application in the aviation and space industry.

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Based on region, the market across North America accounted for the major share in 2020, contributing to more than one-third of the global aerospace 3D printing market. Developing market with the established industry players boosts the market growth. Asia-Pacific, simultaneously, is expected to cite the fastest CAGR of 20.5% throughout the forecast period. Rising demand for aircrafts over the coming years and aggressive government initiatives to establish indigenous capabilities drive the market growth.

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Similar Reports We Have on 3D Printing Industry:

Automotive 3D Printing Market by Component (Technology (Material Extrusion, Powder Bed Fusion, Vat Photopolymerization, Material Jetting, Direct Energy Deposition, Binder Jetting), Material (Polymers, Metal, Others), and Services), Application (Prototyping, Tooling, Jigs & Fixtures, End-Use Parts, Others), Propulsion (ICE Vehicles, Electric Vehicles): Global Opportunity Analysis and Industry Forecast, 2021–2030.

Military 4D Printing Market by Material (Programmable Carbon Fiber, Programmable Wood and Programmable Textiles) and End-Use (Defense, Aerospace, Automotive, Textile, Healthcare and Others): Global Opportunity Analysis and Industry Forecast, 2020–2030.

Skim Yogurt Market Size, Share, Demand, Strategy, Top Players, Analysis and Forecast To 2031

According to a new report published by Allied Market Research, titled, “Skim Yogurt Market,” The skim yogurt market size was valued at $4.6 billion in 2021, and is estimated to reach $9.9 billion by 2031, growing at a CAGR of 7.6% from 2022 to 2031.

Globally, changing consumer preferences towards the consumption of organic, tasty, and healthy dairy food are expected to drive the market demand. Increase in consciousness regarding healthy lifestyle adoption and the preference for staying fit has raised consumer indulgence in skim yogurt products. Moreover, the increasing prevalence of chronic lifestyles diseases worldwide has further boosted the growth of the market. Furthermore, skim yogurt has nearly every nutrient needed by the human body, and is considered as an effective food for achieving flat abs and weight loss. It is rich in calcium, vitamins, and trace minerals such as phosphorus, magnesium, & potassium. Moreover, consumption of skim yogurt helps in enhancing immune system and protects our body from a variety of infections. Skim yogurt effectively fights against respiratory issues like common cold, flu & even cancer and gastrointestinal infections. Hence, diversified health benefits associated with skim yogurt further boost the market growth.

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However, the growth in the Skim Yogurt Industry brings about a significant need for governmental intervention and it also strengthen regulations pertaining to the distribution, production, safety testing and claims related to the effectiveness and efficiency of skim yogurt. In last couple of years the government across the globe has become more severe with the safety standards and has observed a rise in the number of labelling violation related to skim yogurt products. Moreover, strict regulatory compliance across all the countries related to skim yogurt products has further affected the global Skim Yogurt Market Share.

The market in the Asia-Pacific region offers lucrative Skim Yogurt Market Opportunities for the operating players owing to the presence of countries such as India, China, Australia, New Zealand, and others. Increase in adoption of western lifestyle, surge in population, and rise in disposable income of consumers majorly drive the growth of the skim yogurt market. Moreover, increase in awareness regarding flavored skim yogurt products and its associated benefits have further augmented the Skim Yogurt Market Growth. Developing region offers potential growth opportunities to the market players for launching innovative skim yogurt products. This is further enhancing the adoption and skim yogurt market trends espicially in North America and Europe region. Moreover, countries in Latin America, such as Brazil, are anticipated to unfold attractive business opportunities owing to increase in awareness regarding skim yogurt products and its benefits.

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KEY FINDINGS OF THE STUDY

By type, the Flavored Yogurt segment accounted for highest market share in 2021, growing at a CAGR of 6.8%, and the plain yogurt segment is expected to be the second fastest growing segment with a CAGR of 9.3% during the Skim Yogurt Market Forecast period.
On the basis of nature, The conventional segment was the highest revenue contributor to the market, with $3,890.5 million in 2021, and is estimated to reach $8,012.7 million by 2031, during the skim yogurt market analysis
On the basis of distribution channel, the online sales channel and others segments are expected to witness considerable CAGRs of 10.4% and 9.5% respectively, during the forecast period.
Europe is estimated to reach $2,473.3 million by 2031, at a significant CAGR of 6.0%. North America and Europe collectively accounted for around 68.0% share in 2021

Major companies have adopted agreement, product launch, expansion, and merger strategies to sustain the intense market competition. The key players profiled in the report The key players profiled in the report Byrne Dairy, Danone S.A., General Mills, Inc., GCMMF LTD, Juhayna, Muller Group, National Dairy Development Board, Nestlé, Rainy Lanes Dairy Foods Ltd., and Tillamook.

Similar Reports:
Yogurt Market Expected to Reach $171.8 Billion by 2031
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.