Theย global aircraft micro turbine engine marketย generated $34.8 million in 2020, and is predicted to reach $75.9 million in 2030, exhibiting a CAGR of 9.0%. The report offers an in-depth analysis of the market size, emerging and current trends, future estimations, and key players.
Rise in air passenger traffic across the globe and low operating and maintenance costs fuel the globalย aircraft micro turbine engine market. On the other hand, high cost of micro turbine engines hampers the market growth. On the contrary, rise in the procurement of military aircraft during rise in geopolitical tensions creates lucrative opportunities.
Technological developments by key players, and rapid adoption of innovative technologies in making durable and long-lasting aircraft micro turbine engines. Asia-Pacific is expected to grow at a significant rate during the forecast period, owing to rise in air passenger traffic across different nations in the region along with implementation of stringent aircraft fuel-efficiency regulations and regular inspections across the prominent countries such as China, India, and Japan.
Based on engine type, the turboshaft industry segment accounted for the largest market share in 2020, contributing to around three-fifths of the total share, and is expected to maintain the lead throughout the forecast period. The segment is estimated to witness the fastest CAGR of 8.7% from 2021 to 2030. The report also covers the turbojet segment.
Based on distribution channels, the OEM segment contributed to the highest market share in 2020, attributing to more than half of the total market share, and is anticipated to dominate the market during the forecast period. The segment is expected to manifest the fastest CAGR of 8.8% from 2021-2030. The report also analyzes the aftermarket segment.
Based on region, North America contributed to the highest share in 2020, holding more than two-fifths of the total share, and is expected to maintain dominance during the forecast period. The globalย aircraft micro turbine engine market sizeย across Asia-Pacific is anticipated to exhibit the fastest CAGR of 9.1% during the forecast period.
๐๐จ๐ฉ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ: Key players of the global aircraft micro turbine engine market analyzed in the research include Elliott Company, AeroDesignWorks GmbH, General Electric Company, Kratos Defense & Security Solutions, Inc., Honeywell International Inc., Micro Turbine Technology B.V., Sentient Blue Technologies, PBS Group. a.s., Turbotech SAS, and Williams International.
An electric vehicle (EV) charging connector is a device that is used to connect an EV to a charging station or a power source to charge its battery. It is essentially the interface that allows the transfer of electrical energy from the charging infrastructure to the vehicle. An electric vehicle charging connector is an essential component that facilitates the transfer of electricity from a charging station to an electric vehicle (EV) for the purpose of charging its battery. It serves as a physical connection point where the charging station and the EV can establish an electrical link.
Theย EV charging connector market sizeย was valued at $59.3 million in 2022, and is estimated to reach $273.2 million by 2032, growing at a CAGR of 17% from 2023 to 2032
The charging connector typically consists of a plug on one end, which is inserted into the charging port of the EV, and a socket on the other end, which is connected to the charging station. The plug and socket are designed to securely fit together and ensure a safe and efficient transfer of electricity. Modern charging connectors often incorporate additional features such as locking mechanisms to prevent accidental disconnections, communication interfaces for data exchange between the vehicle and the charging station, and advanced safety features like ground fault protection.
As electric vehicles (EVs) become more prevalent, there is a growing need for faster charging options to address the issue of range anxiety. Fast chargers also offer significantly shorter charging times compared to standard chargers, allowing EV owners to conveniently recharge their vehicles and resume their journeys more quickly. This increased convenience and reduced downtime are highly appealing to consumers, driving the demand for fast chargers. In addition, advancements in EV battery technology are enabling vehicles with larger battery capacities and longer driving ranges. However, these batteries often require more powerful charging capabilities to recharge efficiently. Fast chargers, typically offering high-power DC charging, can deliver a substantial amount of electricity to the EV battery in a shorter period, allowing for rapid charging and extended driving range. As EV battery capacities continue to improve, the demand for fast chargers capable of supporting these higher energy requirements is expected to rise.
The demand for electric vehicle charging connector is anticipated to increase owning to multiple factors. There has been a growing global shift towards sustainable transportation, with governments, organizations, and individuals increasingly adopting EVs as an environmentally friendly alternative to traditional combustion engine vehicles. As the EV market expands, so does the need for efficient and convenient charging infrastructure, which includes a higher demand for charging connectors.
๐๐๐ฌ๐๐ ๐จ๐ง ๐ญ๐ฒ๐ฉ๐, the CCS segment held the highest market share in 2022, accounting for nearly two-fifths of theย global electric vehicle charging connector marketย revenue. The combined charging system (CCS) has been widely accepted as the standard charging system by major automakers, including Volkswagen, BMW, Ford, General Motors, and many others. This broad adoption has helped establish CCS as a dominant charging solution in the EV market. On the other hand, the Chademo segment is estimated to maintain its leadership status in terms of revenue throughout the forecast period. However, the Tesla segment is projected to manifest the highest CAGR of 21.9% from 2023 to 2032, as it is the most trusted connector in North America, having completed over 20 billion EV charging miles, along with being a Tesla-exclusive connector used in their electric automobiles.
๐๐๐ฌ๐๐ ๐จ๐ง ๐๐ง๐ ๐ฎ๐ฌ๐๐ซ, the residential segment held the highest market share in 2022, accounting for nearly three-fourths of the globalย electric vehicle charging connector marketย revenue, and is estimated to maintain its lead position throughout the forecast period. Residential charging connectors allow electric vehicle owners to conveniently and safely charge their vehicles at home, providing a reliable and accessible charging solution for daily use. However, the commercial segment is projected to manifest the highest CAGR of 17.8% from 2023 to 2032, as commercial connectors play a crucial role in enabling EV owners to charge their vehicles while away from home, providing them with the flexibility to travel longer distances and rely on public charging infrastructure for convenient recharging options.
๐๐๐ฌ๐๐ ๐จ๐ง ๐ซ๐๐ ๐ข๐จ๐ง, Asia-Pacific held the highest market share in 2022, accounting for more than two-fifths of the global electric vehicle charging connector market revenue, and is estimated to maintain its dominance throughout the forecast period. This is due to the rapid growth in the sales of electrical vehicles, due to which there is a growth in the electric vehicle charging connector market. The rise in sales is due to the government incentives in the various regions and the developments made by the various manufacturers. However, North America is projected to manifest the highest CAGR of 19.1% from 2023 to 2032, owing to the rise in the price of oil in recent years, which increases the long-term cost benefits of electrical vehicles.
The electric bike has an integrated electric motor, pedals, and rechargeable batteries for forwarding propulsion. E-bikes allow commuters to travel greater distances and at higher speed than conventional bicycles. They are less expensive than electric scooters, motorcycles, and mopeds, and do not require insurance or a license. E-bike is an upcoming technology that has already gained traction in various countries. However, the e-bike industry overall is still in an early stage of development with significant room for growth across the world.
The globalย E-bikes marketย was valued at $40.3 billion in 2019, and is projected to reach $118.6 billion by 2030, registering a CAGR of 10.5% from 2020 to 2030.
The most common types of e-bike includes commuter-type, e-mountain bike, e-cargo bike, and compact & foldable bike. Although pedelec e-bikes are most commonly used, e-mountain bikes and e-cargo bikes have witnessed increasing popularity.
Asia-Pacific dominates the market, in terms of revenue, followed by Europe, North America, and LAMEA. China dominated theย global electric bike marketย share in 2019. However, Mexico is expected to grow at a significant rate during the forecast period, owing to series of initiatives taken by private companies, local governments, and federal officials to promote the adoption of electric vehicle
Factors such as implementation of government regulations to encourage the use of electric bikes, consumer inclination toward use of e-bikes as an eco-friendly & efficient solution for commute, increase in fuel costs, and rise in interest in cycling as a fitness & recreational activity are expected to drive theย electric bikes market growth. However, high cost of e-bikes and ban on use of e-bikes in major cities of China hinder the market growth. Conversely, advancements in bicycling infrastructure & battery technology are expected to offer lucrative opportunities for the market expansion during the forecast period.
By product, the market is categorized into pedelecs, speed pedelecs, throttle on demand, and scooter & motorcycle. The scooter & motorcycle segment accounted for the highest revenue in 2019, as scooter & motorcycle aid in significantly reducing of carbon dioxide (CO2) emission and noise pollution. However, the throttle on demand segment is anticipated to witness highest CAGR of 14.0% during the forecast period, owing to increase in popularity of throttle operated electric bicycles among commuters.
On the basis of drive mechanism, the electric bike market is segregated into hub motor, mid-drive, and others. The hub motor segment accounted for the highest revenue in 2019, owing to the factors such as hassle-free installation, cost-effectiveness, and better performance.
By battery type, the market is categorized into lead acid battery, lithium ion (Li-ion), and others. The lithium ion (Li-ion) segment accounted for the highest revenue in 2019. The growth is attributed to their light in weight, high capacity, and also shown a sharp decline in price in recent years.
The autonomous aircraft can be defined as an unmanned aircraft, which does not require pilot intervention in the management of the flight. The technology is similar to autonomous cars, which has the ability to fly independently. The autonomous aircraft eventually includes commercial flights, right now the innovations are being made with smaller drones and planes.
The globalย autonomous aircraft industryย generated $6.29 billion in 2021, and is estimated to reach $37.06 billion by 2031, witnessing a CAGR of 19.3% from 2022 to 2031
The factors such as rise in adoption of autonomous cargo aircraft, surge in autonomy to reduce human errors, and increase in adoption of artificial intelligence in autonomous aircrafts, drive the growth of the autonomous aircraft market. However, increase in security issues & cyber threat and lack of standard infrastructure for operation & complex design and high initial investment are the factors expected to hamper the growth of the market.
Based on aircraft size, the narrow body segment held the highest share in 2021, contributing to nearly two-thirds of the global market, and is likely to maintain its leadership status during the forecast period. However, the others segment is expected to manifest the highest CAGR of 21.1% from 2022 to 2031. The report also offers an analysis of wide body.
Based on maximum takeoff weight, the less than 2500 Kg segment held the largest share in 2021, accounting for nearly two-thirds of the global market, and is expected to maintain its dominance by 2031. However, the more than 2500 Kg segment is estimated to witness the largest CAGR of 21.1% during the forecast period.
Based on application, the civil & commercial segment was the largest market in 2021, contributing to around two-thirds of the total market. However, the others segment is projected to portray the fastest CAGR of 22.5% during the forecast period. The research also analyzes the military & defense segment.
Based on end use, the cargo & industrial segment was the largest market in 2021, contributing to nearly three-fourths of the total market. However, the passenger segment is projected to portray the fastest CAGR of 20.9% during the forecast period.
Based on region, North America accounted for the highest share in 2021, contributing to more than one-third of the global market. However, the market across LAMEA is projected to portray the fastest CAGR of 22.6% during the forecast period. The research also analyzes regions including Europe and Asia-Pacific.
Leading players of the global autonomous aircraft market analyzed in the research include Northrop Grumman, Collins Aerospace, Lockheed Martin Corporation, Boeing, Airbus, Elbit Systems Ltd., Textron Inc., BAE Systems, SAAB, Aeronautics, Aerovironment, Inc., General Atomics., Embraer SA., Aston Martin and Kittyhawk.
The report analyzes these key players of the global autonomous aircraft market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.
๐๐จ๐ง๐ญ๐๐๐ญ:
David Correa 1209 Orange Street, Corporation Trust Center, Wilmington, New Castle, Delaware 19801 USA. USA/Canada (Toll Free): +1-800-792-5285 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1-800-792-5285 help@alliedmarketresearch.com Web: www.alliedmarketresearch.com
Allied Market Research published a new report, titled, “Airport Retailing Market by Product Type, Airport Size, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2027″. The report offers an extensive analysis of changing market trends, key segments, top investment pockets, regional scenario, Porterโs Five Forces, and competitive scenario. The global airport retailing market size was valued at $27,552.8 million in 2019, and is expected grow at a CAGR of 12.6% during 2021โ2027 to reach 40,592.8 million in 2027.
Airport retailing has grown in popularity in recent years. Often referred to as travel retail (because it takes place mostly but not entirely in an airport), it has emerged as an important strategy for companies looking to promote and raise awareness about their brand. Airports with low airfares are unable to generate significant revenue from aeronautical business. As a result, they have transitioned their business into non-aeronautical businesses such as retail stores, restaurants, bars, and cafeterias. Airport retailing can also include hotels, nursing homes, car rental outlets, banks, exchange offices, drugstores, and other stores selling jewelry, books and magazines, gifts and crafts, clothing and accessories, convenience stores, optics, Fragrance and Perfume.
Rise in inclination of people toward unique and exotic holiday experiences, surge in the income of middle- & upper-class people, and growing interest of people to spend more money on shopping fuel the growth of the global airport retailing market. On the other hand, stringent government regulations impede the growth to some extent. Nevertheless, upsurge in the tourism sector, affordable airfares, increased airport investment to expand retail spaces, and the introduction of new terminals are expected to create lucrative opportunities in the industry.
Based on product type, the perfumes and cosmetics segment accounted for nearly two-fifths of the global airport retailing market share in 2019, and is expected to rule the roost by the end of 2027. The same segment would also register the fastest CAGR of 13.7% from 2021 to 2027. Improvement in lifestyle along with increase in affluent population drives the segment growth.
The airport retailing market is being driven by an increase in the number of passengers, particularly in countries with a high level of public transportation, such as India and China. The airport retailing market is also being boosted by travelersโ desire to shop on the go and retailersโ growing ability to sell products. Passengersโ time spent at airports has also increased as a result of airlinesโ early check-in times set due to security and operational concerns. This has given retailers the ability to sell products more efficiently.
Based on airport size, the large airport segment contributed to nearly three-fifths of the global airport retailing market revenue in 2019, and is anticipated to lead the trail by 2027. Large airports are located at the capital region of countries and are popular holiday destinations. These airports have a considerable number of business class travelers who notably contribute toward the sale of products through travel retail hubs. These factors propel the segment growth.
Region, Asia-Pacific, followed by Europe and North America, held the major share in 2019, garnering nearly two-fifths of the global airport retailing market. The same region would also cite the fastest CAGR of 13.7% from 2021 to 2027. This is due to increase in number of new air routes and the introduction of low cost carrier (LCC) in the province.
The global market is fragmented with the presence of several market participants across various regions such as ๐๐ข๐ซ๐ฉ๐จ๐ซ๐ญ ๐๐๐ญ๐๐ข๐ฅ ๐๐ซ๐จ๐ฎ๐ฉ ๐๐๐, ๐๐ฎ๐๐๐ข ๐๐ฎ๐ญ๐ฒ ๐ ๐ซ๐๐, ๐๐ฎ๐๐ซ๐ฒ ๐๐, ๐๐ ๐ ๐๐ซ๐จ๐ฎ๐ฉ ๐๐ญ๐, ๐๐ข๐ง๐ ๐๐จ๐ฐ๐๐ซ ๐๐ง๐ญ๐๐ซ๐ง๐๐ญ๐ข๐จ๐ง๐๐ฅ, ๐๐ก๐ ๐๐ก๐ข๐ฅ๐ฅ๐ ๐๐ฎ๐ญ๐ฒ ๐ ๐ซ๐๐, ๐๐ก๐ข๐ง๐ ๐๐ฎ๐ญ๐ฒ ๐ ๐ซ๐๐ ๐๐ซ๐จ๐ฎ๐ฉ ๐๐จ., ๐๐ญ๐, ๐๐๐๐ซ. ๐๐๐ข๐ง๐๐ฆ๐๐ง๐ง ๐๐ & ๐๐จ. ๐๐, ๐๐๐ฉ๐๐ง ๐๐ข๐ซ๐ฉ๐จ๐ซ๐ญ ๐๐๐ซ๐ฆ๐ข๐ง๐๐ฅ ๐๐จ., ๐๐ญ๐, ๐๐ง๐ ๐ ๐ฅ๐๐ฆ๐ข๐ง๐ ๐จ ๐๐ง๐ญ๐๐ซ๐ง๐๐ญ๐ข๐จ๐ง๐๐ฅ.
โ The study provides an in-depth analysis of the global airport retailing market growth with current trends and future estimations to elucidate the imminent investment pockets. โ The report provides a quantitative analysis of the airport retailing market share from 2019 to 2027 to identify the prevailing airport retailing market opportunities. โ The report provides a quantitative analysis from 2019 to 2027, which is expected to enable the stakeholders to capitalize on prevailing airport retailing market trends. โ In-depth analysis and the airport retailing market size and segmentation assist to determine the prevailing opportunities. โ Competitive intelligence in airport retailing market analysis highlights the business practices followed by leading players across various regions.
โข Procure strategically important competitor information, analysis, and insights to formulate effective R&D strategies. โข Recognize emerging players with potentially strong product portfolio and create effective counter-strategies to gain competitive advantage. โข Classify potential new clients or partners in the target demographic. โข Develop tactical initiatives by understanding the focus areas of leading companies. โข Plan mergers and acquisitions meritoriously by identifying Top Manufacturer. โข Develop and design in-licensing and out-licensing strategies by identifying prospective partners with the most attractive projects to enhance and expand business potential and Scope. โข Report will be updated with the latest data and delivered to you within 2-4 working days of order. โข Suitable for supporting your internal and external presentations with reliable high-quality data and analysis. โข Create regional and country strategies on the basis of local data and analysis.
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Autonomous mobile robots operate without human supervision and use sensors to perform different industrial operations such as picking & place, transporting objects, and others. Autonomous mobile robots with artificial intelligence (AI) and the ability to carry out operations with minimal human interaction are being developed and deployed across the globe.
The globalย autonomous mobile robot industryย size generated $2.2 billion in 2021, and is anticipated to generate $18.9 billion by 2032, witnessing a CAGR of 21.8% from 2022 to 2032.
Rise in demand for automation solutions from various industrial sectors, greater need for autonomous systems, and developments in e-commerce have supported the growth of the global autonomous mobile robot market. High efficiency offered by autonomous mobile robots results in improved industrial productivity, further supporting the growth of the market. Simultaneously, technological advancements associated with development of advanced autonomous mobile robots, increase in adoption of Industry 4.0 in logistics & warehousing, and rise in demand from developing economies are expected to create favorable growth opportunities for the autonomous mobile robot market.
The rise in expenditure by countries such as China and Japan in Asia-Pacific for the countryโs robotics sector and the increase in the adoption of autonomous systems in industrial and commercial sectors fuel the market growth. For instance, in November 2021, GEODIS, a logistics firm, announced the installation of autonomous mobile robots from Geek+, a global technology company specializing in smart logistics using advanced robotics and artificial intelligence (AI), at its Yuen Long Warehouse Distribution Centre (YLDC) in Hong Kong, SAR China. In addition, minimal human intervention, greater efficiency, and improved safety offered by autonomous mobile robots are some key factors for the market growth. A large opportunity for the market is noticed in the commercial sector as these autonomous robots are yet to appreciably tap demand for construction, mining, agriculture, and others.
To boost competitiveness, an increasing number of manufacturers are adopting autonomous mobile robots to optimize product manufacturing processes. Use of autonomous mobile robots results in greater speed and reliability to reduce operation time and enhance throughput. In addition, autonomous robots optimize sorting, picking, and storage times, decrease the frequency of inventory checks, boost worker productivity, and provide labor and utilization stability. In January 2021, PULSE Systems Inc. entered into a partnership with OTTO Motor, to carry out one of the world’s first large-scale deployments of autonomous mobile robots for materials handling in manufacturing.
Furthermore, autonomous mobile robots can tackle complex operations involving manufacturing processes and several companies are launching autonomous mobile robots specially for the manufacturing industry. For instance, in March 2023, ADLINK Technology Inc., a company that designs and manufactures embedded computing products, announced the launch of the Autonomous Mobile Robot (AMR) – the SMR250/1000 series with the SWARM CORE software platform, providing powerful hardware and software incorporation to develop an AMR swarm ecosystem that addresses the changing needs of various application scenarios in smart manufacturing ranging from production lines to material handling, warehousing, and shipping.
Significant factors boosting the growth of the global autonomous mobile robots market include growing application of autonomous robots in various industrial sectors, growth in e-commerce, high efficiency of autonomous mobile robots leading to improved industrial productivity, and rise in demand for autonomous systems. However, high-cost associated with the implementation of autonomous mobile robots and interruptions in bandwidth and application areas hamper the growth of the market. Furthermore, the emergence of Industry 4.0 In logistics and warehousing, and greater demand for warehouse automation from emerging countries are factors expected to offer growth opportunities during the forecast period.
Boston Dynamics Clearpath Robotics Inc. Conveyco Technologies Geekplus Technology Co. Ltd. IAM Robotics KUKA AG Fortna Inc. Omron Group Teradyne Inc. Locus Robotics
๐๐จ๐ง๐ญ๐๐๐ญ:
David Correa 1209 Orange Street, Corporation Trust Center, Wilmington, New Castle, Delaware 19801 USA. USA/Canada (Toll Free): +1-800-792-5285 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1-800-792-5285 help@alliedmarketresearch.com Web: www.alliedmarketresearch.com
Theย cold chain logistics industryย is a temperature-controlled supply chain that provides an uninterrupted chain of distribution and storage activity in which a given temperature is maintained throughout the chain. It is primarily used to maintain & extend the life of products such as fresh agricultural products, seafood, frozen food, photographic film, chemicals, and pharmaceutical products. Monitoring, storing, and transporting are the crucial factors in the cold chain to prevent degradation in the quality of the shipments. Presently, the cold chain logistics industry size is anticipated to witness significant growth, owing to the rise in the need for cold chain management in the pharmaceutical industry.
The global cold chain logistics market was valued at $202.17 billion in 2020, and is projected to reach $782.27 billion by 2030, registering a CAGR of 14.6% from 2021 to 2030.
Asia-Pacific dominates the market in terms of revenue, followed by North America, Europe, and LAMEA. China garnered the highest share in 2020; however, Europe is expected to grow at a significant rate during the forecast period, due to increase in demand for food storage across the region.
Rise in refrigerated warehouses and growth of the processed food sector and pharmaceutical sector have boosted the growth of the global cold chain logistics market. However, lack of standardization and high operational cost hinder the market growth. On the contrary, RFID technologies for cold chain applications and adoption of automated software would open new opportunities in the future.
The cold chain logistics market is segmented on the basis of the end-use industry, business type, and region. Based on the end-use industry, the market is segmented into fruits & vegetables; bakery & confectionary; dairy & frozen desserts; meat, fish, & seafood; drugs & pharmaceuticals; and others. Depending on the business type, it is divided into warehousing and transportation. By transportation, it is classified into railways, airways, roadways, and waterways. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
By business type, the transportation segment is projected to manifest the highest CAGR of 16.3% from 2021 to 2030, due to presence of several companies that have operation in cold chain logistical movement from one place to another. However, the warehousing segment held the largest share in 2020, accounting for more than two-thirds of the global cold chain logistics market, due to increased warehousing & storage activities carried out across the globe.
Factors such as increase in the number of refrigerated warehouses and growth in the pharmaceutical sector are expected to drive the growth of the cold chain logistics market. In addition, growth in the processed food sector boosts the market growth. However, factors such as lack of standardization and high operational cost restrain the market growth. Furthermore, RFID technology for cold chain applications and the adoption of software for cold chain logistics provide lucrative growth opportunities for the market players.
Major market players
Americold Logistics, LLC Burris Logistics Cold Box Conestoga Cold Storage Congebec Lineage Logistics Holding, LLC Nichirei Corporation Tippmann Group United States Cold Storage VersaCold Logistics Services
Allied Market Research published a report, titled, โRadio Access Network Marketย by Communication Infrastructure (Small Cell, Macro Cell, RAN Equipment, and Distributed Antenna System), Technology (2G, 3G, 4G, and 5G), and End User (Residential and Enterprise): Global Opportunity Analysis and Industry Forecast, 2019โ2026โ
The global radio access network market size was valued at $17.80ย billion in 2018, and is projected to reach $44.78 billion by 2026, growing at a CAGR of 11.3% from 2019 to 2026
The research provides a clear picture of the marketโs current needs and future prospects. The research study gives a 360-degree overview of the overall market environment by supplying details on the radio access network market size and share analysis, market dynamics, segmental & regional analysis, top investment pockets, competition landscape, market drivers, restraints, and opportunities.
The Research report presents a complete judgment of the radio access networkย industryย trends, growth factors, consumption, production volume, CAGR value, attentive opinions, profit margin, price, and industry-validatedย marketย data. The report is a useful resource for businesses, investors, shareholders and new entrants to gain an in-depth understanding of theย marketย and make informed decisions and settle on educated business choices based on their business goals. Businesses can evaluate the Porter’s Five Forces Analysis to determine the structure, level of competition, and industry’s strengths and weaknesses.
The report also contains information and statistics, tables and figures that are used in strategic planning for the companyโs success. The report will be remarkable in its ability to provide worldwide investors with the information they need to make informed judgments about the market. Also, these research report provides accurate economic, global, and country-level predictions and analysis.
The competitive environment of the radio access network market is further examined in the report. It includes details about the key players in the market’s strengths, product portfolio, radio access network market share and size analysis, operational results, and market positioning. It comprises the actions taken by the players to grow and expand their presence through agreements and entering new business sectors. Mergers and acquisitions, joint ventures, and product launches are some of the other techniques used by players.
Some of the major key players of the radio access network industry include:
Ericsson
SAMSUNG ELECTRONICS CO. LTD.
Qualcomm Technologies, Inc.
Fujitsu Limited
Nokia Corporation
Cisco Systems, Inc.
NEC Corporation
Intel Co,
Huawei Technologies Co., Ltd.
ZTE Corporation
Research Methodology:
The research uses both primary and secondary research to assemble data on the various facets of the international radio access network market. Using interviews or surveys, primary market research has been used to collect highly authenticated data from direct sources, such as consumers in a particular market. Secondary market research is a method for gathering information from previously released data that has been produced by international organizations, business groups, government and research institutions, and so on.
This study comprises analytic depiction of the global radio access network market trends and future estimations to depict the imminent investment pockets.
The overall radio access network market analysis is determined to understand the profitable trends to gain a stronger foothold.
The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The radio access network market forecast is quantitatively analyzed from 2019 to 2026 to benchmark the financial competency.
Porterโs five forces analysis illustrates the potency of the buyers and suppliers in the radio access network industry.
The report includes the radio access network market share of key vendors and market trends.
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Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports take into account significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on the analysis of high-tech systems and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.
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The global capacitor bank market was valued at $3.9 billion in 2021, and is projected to reach $6.0 billion by 2031, growing at a CAGR of 4.3% from 2022 to 2031.
A capacitor bank, also known as a power factor correction (PFC) system or capacitor compensation bank, is a collection of capacitors that are connected in parallel or series to improve the power factor and overall efficiency of an electrical system. Capacitor banks are commonly used in industrial, commercial, and utility applications to reduce reactive power, optimize energy usage, and enhance the performance of electrical equipment.
North America is expected to grow at the fastest rate, registering a CAGR of 4.7%, throughout the forecast period.
The key players that operate in the capacitor bank market are profiled in the report, which include Eaton, Comar Condensatori S.p.A, ABB Ltd., Enerlux Power s.r.l., Hitachi Ltd. (Hitachi), Circutor, Siemens, Toshiba Corporation (Toshiba), Vishay Intertechnology, Inc., EPCOS, and others.
Other players that operate in the value chain of the global capacitor bank market include Yuhchang, Treffer Power System Solution Private Limited, R J Enterprises, Laxmi Electronics, ABPS Solution Private Limited, Clantech Solutions and Services Private Limited, Amp Volt Control, and other tier-2 players.
Benefits:
Improved Power Factor: Capacitor banks raise the power factor closer to 1, which reduces energy losses and often results in lower utility charges, as utilities may charge penalties for low power factor.
Enhanced Efficiency: By reducing reactive power flow, capacitor banks improve the overall efficiency of the electrical system, leading to cost savings.
Reduced Voltage Drop: Capacitors can help mitigate voltage drops and stabilize voltage levels in the electrical network.
The global Capacitor bank market size is expected to gain high growth in the coming years as capacitor bank are used for power saving, storage of energy, and other associated purposes.
Other specifications such as power output and load are also required to manufacture a customized capacitor bank depending on the needed rating. Its major uses include storage of electrical energy in and regulate the energy flow, across the system.
In addition, increasing investments rise in investment by major key players such as ABB Ltd and COMAR Condensatori S.p.A is expected to create potential growth opportunities for key players operating in this market.
Rise in demand for capacitor banks for power factor correction, rapid growth of industrialization, and rise in investment by major key players are the key factors that significantly contribute toward the growth of the global capacitor bank market.
In 2021, Asia-Pacific dominated the global capacitor bank market, with more than 31.0% of the share in terms of revenue.
Industrial sector is also the fastest-growing application segment in the global capacitor bank market, expected to grow at a CAGR of 4.9% during 2022โ2031.
In 2021, the medium voltage segment accounted for about 47% of the share in the global capacitor bank market, and is expected to maintain its dominance till the end of the forecast period.
In 2021, the industrial segment accounted for 26.9% of the capacitor bank market share in the year 2021, and is anticipated to grow at a rate of 4.9% in terms of revenue, increasing its share in the global capacitor bank market.
These capacitor banks have proved to be very useful in industrial sectors, which, in turn, gives traction to the capacitor bank market growth globally. There are two major advantages associated with capacitor banks, including improved quality of the electrical supply and increased effectiveness of power systems.
Another factor fueling the global market demand is increasing use of capacitor banks in the electric power industry as power saver widely utilized in the electric motors and transmission lines.
Other applications include steel, cement, petrochemical refineries, pulp &paper industry. These industries use capacitor banks to reduce cost of electricity bills and improve the efficiency of electric energy.
The Capacitor bank market was negatively impacted due to the COVID-19 pandemic. However, Europe is the prominent market which was impacted the most in 2020, with a loss of 7% year on year. This slowed down the growth of global market in 2020. But, at the end of third quarter of 2022, the global market is estimated to be fully recover, and is projected to grow with a CAGR of 4.3% by the end of 2031.
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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.
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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The steam turbine MRO market size was valued at $21.6 billion in 2022, and steam turbine MRO industry is estimated to reach $35.7 billion by 2032, growing at a CAGR of 5.2% from 2023 to 2032.
Steam turbine MRO (Maintenance, Repair, and Overhaul) refers to the activities and processes involved in ensuring the reliable and efficient operation of steam turbines over their operational lifespan. Steam turbines are critical components in various industries, including power generation, oil and gas, and industrial processes. Proper MRO practices are essential to maximize their performance, reliability, and longevity.
Asia-Pacific garnered half of the market share in 2022, in terms of revenue, and is expected to grow at a CAGR of 5.6%.
The key players that operate in the global steam turbine MRO market include Ansaldo Energia, Elliott Group, General Electric, Hyundai Heavy Industries Co Ltd., Kessels, Mitsubishi Power Ltd., Shanghai Electric, Siemens AG, Stork, and Sulzer hold significant share of the market.
The increase in demand for thermal power generation and electric supply fuels the growth of the steam turbine MRO market.
The global demand for electricity continues to rise, power plants equipped with steam turbines are relied upon to meet this rise in demand.
The continuous and optimal performance of these steam turbines, regular maintenance, repair, and overhaul activities are essential. MRO services address issues such as component wear, erosion, corrosion, optimizing the efficiency, and reliability of steam turbines.
The global steam turbine MRO market is driven by efforts to reduce energy demand and supply gaps, as well as the development of thermal power projects. Governments and power plant operators worldwide are focused on optimizing energy resources and minimizing downtime.
MRO services enable power plants to enhance the performance and reliability of their steam turbines, bridging the energy demand and supply gaps efficiently.
The rapid growth of the oil & gas industry and increase in power demand in developing countries contribute to the expansion of the steam turbine MRO market opportunities.
Developing nations experience significant economic growth and urbanization, resulting in a surge in energy demand. To meet this demand, power generation infrastructure, including steam turbines, needs to be maintained and repaired. MRO services play a crucial role in ensuring the longevity and efficiency of steam turbines in these countries.
Steam turbines, being mechanical equipment, undergo wear and tear over time due to their extreme conditions. The steam turbine MRO (Maintenance, Repair, and Overhaul) market plays a critical role in supporting the efficient and reliable operation of steam turbines used in power generation.
The global steam turbine MRO market is driven by efforts to reduce energy demand and supply gaps, as well as the development of thermal power projects. Governments and power plant operators worldwide are focused on optimizing energy resources and minimizing downtime.
The market growth of steam turbine MRO faces challenges due to stringent government regulations that aim to reduce reliance on traditional energy sources, such as coal-fired power generation, in favor of renewable alternatives. This shift poses a challenge for steam turbine MRO providers as power plants transition to renewable energy sources, impacting the demand for MRO services in the traditional thermal power sector.
The competitive cost of renewable technologies presents a hurdle for the steam turbine MRO market trends. The decline in costs of renewable energy sources, such as solar and wind, make them attractive alternatives to traditional thermal power generation. This cost competitiveness may reduce the investment in MRO services for steam turbines.
By service providers, the original equipment manufacturers segment has market share about three-fifths of the global market in 2022.
By fuel type, the coal segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 5.0% from 2023 to 2032.
By capacity, the 300 MW to 599 MW segment has half of the global steam turbine MRO market share in 2022.
On the basis of the end-use industry, the power generation segment is anticipated to exhibit the highest market share till 2032.
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Impact of Covid-19
The pandemic created opportunities in certain aspects of the steam turbine MRO market. As industries adjusted to remote work and digital solutions, there was an increased focus on digitalization and remote monitoring technologies for maintenance and condition monitoring.
The world recovers from the pandemic, there is a surge in recognition of the importance of resilient and sustainable infrastructure. Governments and industries may invest in upgrading and modernizing existing steam turbines to improve their performance, efficiency, and environmental impact. This is projected to lead to increased demand for MRO services in the future.
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.
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.
Contact:
David Correa 1209 Orange Street, Corporation Trust Center, Wilmington, New Castle, Delaware 19801 USA. Int’l: +1-503-894-6022 Toll Free: +1-800-792-5285 Fax: +1-800-792-5285 help@alliedmarketresearch.com
