The Antifibrinolytic Drugs Market size was estimated at $13.59 billion in 2018 and is expected to hit at $19.33 billion by 2026, registering a CAGR of 4.5% from 2019 to 2026. The report provides a detailed analysis of the market size & estimations, top investment pockets, top winning strategies, drivers & opportunities, competitive scenario, and wavering market trends.
Increase in road accidents and improvement in surgical procedures drive the growth of the global antifibrinolytic drugs market. On the other hand, high cost of these drugs impedes the growth to some extent. However, untapped potential in developing countries is anticipated to pave the way for several opportunities in the near future.
Leading market players –
The key market players analyzed in the global antifibrinolytic drugs market include Xanodyne Pharmaceuticals, Akorn, Takeda, Amerigen Pharms Ltd, Mylan, Acic Fine Chems, Pfizer (GenMed), Sanofi, Zydus Cadila, and Aurobindo Pharma Ltd. They have incorporated a number of strategies including partnership, expansion, collaboration, joint ventures, and others to heighten their stand in the industry.
Antifibrinolytic is the class of drugs that is widely used to inhibit fibrinolysis by stopping activation of the proenzyme plasminogen to plasmin. This intrusion is crucial for averting clot degradation in areas rich in the fibrinolysis prone areas such as oral cavity, nasal cavity, and female reproductive tract. Approved antifibrinolytic drugs include Epsilon aminocaproic acid, Tranexamic acid, Amicar, aminocaproic acid, aprotinin, and Cyklokapron. In addition, these drugs find their application in surgeries such as cardiovascular surgeries, neurosurgeries, and dental surgeries. Furthermore, antifibrinolytic drugs are used by women to control heavy menstrual flow.
Considerable increase in road accidents, rise in medical surgeries including cardiac, and dental, and surge in prevalence of angioedema are the major factors that drive the antifibrinolytic drugs market growth. Antifibrinolytic drugs play a vital role in averting clot lysis and thereby, blood loss.
The antifibrinolytic drugs market is segmented on the basis of indication, end-users, and region. On the basis of indication, it is classified into gynecology, hereditary angiedema, fibrinolytic response testing, surgeries, and others. By end user, it is divided into hospitals & clinics, ambulatory surgical centers, and healthcare specialty process. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
North America accounted for most of the Antifibrinolytics Drug Market share in 2018, and is anticipated to continue this trend during the forecast period. This is attributed to the increased adoption of these drugs by women to control heavy menstrual flow. Moreover, significant surge in surgeries in this region propels the market growth. However, the Asia-Pacific region is anticipated to grow at the fastest rate due to surge in road accidents and increased usage of these drugs by women to control heavy menstrual flow.
By indication, the gynecology segment accounted for the highest Antifibrinolytics Drug Market share of 28% in 2018, and is anticipated to grow at the fastest rate during the forecast period.
By region, North America was the major shareholder and accounted for the highest share of 42% in 2018.
Asia-Pacific is expected to grow at a CAGR of 6.1% during the forecast period.
By end user, the hospital & clinics segment dominated the market in 2018 and is anticipated to maintain its dominance during the forecast period.
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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.
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Allied Market Research published a report, titled, “Top 10 Cancer Drugs Market by Region (Europe, Asia-Pacific, and LAMEA): Opportunity Analysis and Industry Forecast, 2018–2026.” According to the report, the global top 10 cancer drugs industry generated $63.61 billion in 2018, and is estimated to reach $129.94 billion by 2026, witnessing a CAGR of 9.8% from 2019 to 2026.
Surge in incidence of cancer across the globe, increase in aging population, and rise in expenditure of government on healthcare infrastructure drive the global top 10 cancer drugs market. However, adverse effects related to usage of cancer usage hinder the market growth. Contrarily, surge in number of pipeline drugs and untapped potential in emerging geographies create new opportunities in the market.
Cancer caused when the cells present in the body grow at an uncontrolled rate leading to the formation of a tumor. Cancer has different stages based on its progression. Metastasis is the final stage of the disease, which is marked by the invasion of tumor into others parts of body. The management of cancer in patients requires the use of different forms of drugs such as hormonal therapy, immunotherapy, targeted therapy, and others.
Drugs such as Revlimid, Opdivo, Keytruda, Herceptin, Avastin, Rituxan, Imbruvica, Neulasta/Peglasta, Ibrance, and Zytiga are the top selling drugs in 2018. The key drivers of the global cancer drugs market are increase in incidence of cancer, rise in adoption of advance therapies such as biological & targeted drug therapies, surge in geriatric population, and rise in collaborations & partnerships to facilitate drug development. In addition, availability of the drugs and increase in healthcare expenditure have significantly contributed toward the growth of this market. Increase in number of pipeline drugs along with high potential of emerging economies are further expected to provide lucrative opportunities for market expansion. However, high cost involved in new drug development and adverse effects related to cancer drugs are expected to impede the market growth.
Leading market players
AbbVie Inc.
Astellas Pharma Inc.
AstraZeneca PLC
Bristol-Myers Squibb Company
Celgene Corporation
F. Hoffmann-La Roche Ltd.
Johnson & Johnson (Janssen Global Services, LLC)
Merck & Co., Inc.
Novartis AG
Pfizer Inc.
Key Findings of the Top 10 Cancer Drugs Market :
Revlimid occupied 15.22% share of the global top 10 cancer drugs sales in 2018.
Keytruda is anticipated to grow at the highest rate during the analysis period.
The Europe cancer drugs accounted for 21.21% share of the global top 50 cancer drugs sales in 2018.
The top 10 cancer drugs accounted for 52.96% share of the global top 50 cancer drugs sales in 2018.
Asia-Pacific is anticipated to grow at the highest rate during the analysis period, followed by LAMEA
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.
Contact:
David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1(855)550-5975 help@alliedmarketresearch.com Web: https://www.alliedmarketresearch.com
The global converter transformer market size was valued at $1.9 billion in 2020, and is projected to reach $7.2 billion by 2030, growing at a CAGR of 14.1% from 2021 to 2030. Converter transformers are designed to withstand DC voltage stresses and increased eddy current losses due to harmonic currents. It has a large on-load tapping range to ensure that variations in voltage and firing angles are controlled within a proper range. Converter transformers can have different configurations, such as three phase three windings, three phase two windings, single phase three windings and single phase two windings. The specific required converter transformer is believed to be made depending on the system voltage on the AC and DC sides, the capacity of the transformer, transport conditions, and layout of the converter station. The valve side windings are connected in star and delta with neutral point ungrounded.
Converter transformers cater to a wide variety of applications, ranging from alternative power generation to traction locomotives, power grid and electric industries, and others. Converter transformers are used in a wide range of applications, which facilitate the smooth transition from AC to DC and DC to AC, besides voltage conversion. Alternative power generation is the most dominant application of converter transformers that drives the market growth. Increase in adoption of renewable power sources, such as wind & solar energy, traction locomotives, are major factors boosting the adoption of converter transformers globally.
The development of modern electric cars and incentives to deploy them is increasing the consumption of electricity in the automotive sector. As power plants are mostly located in remote locations; the generated electricity is then transmitted through power transmission lines to the substations where it is distributed to the end users after step-down. The step-down function is carried out by a converter transformer. Converter transformers find its applications in high moisture or high fire hazard areas, such as industries, environmentally sensitive areas, forest substations, indoor and underground substations, and onshore and offshore installations. In addition, most of the countries have under-utilized resources of energy while in developing countries there is a need for improvement throughout the power system.
The global convertor transformer market is driven by, increasing preference for renewable energy source, growing use of traction locomotives & electric vehicles, and heavy investments in smart grids & energy systems. In addition, new renewable energy sources, such as tidal energy for power generations have boosted R&D activities in the field of electric distribution network, further driving the market growth in the near future. However, high cost associated with converter transformers and inadequate standards for converter transformers infrastructure are expected to affect the market growth.
The converter transformer market is segmented on the basis of type, application, and region.
On the basis of type, the global convertor transformer market is segmented into 201-400 Kv, 401-600 Kv, and 601-800 Kv. On the basis of application, the global convertor transformer market is segmented into wind farms, oil & gas, and grid connections.
Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest share of the market, followed by North America and Europe.
The major companies profiled in this converter transformer industry report include ABB Power Systems, General Electric, Siemens AG, Crompton Greaves, Bharat Heavy Electricals Limited, Toshiba Corporation, Kirloskar Electric Company Limited, Shadong Power Equipment Company Limited, Mitsubishi Electric, and XIAN XD Transformer Co. Ltd. Rapid urbanization and industrialization across the globe led to increase in demand for energy from green resources, which led to the rise in demand for converter transformers. Additional growth strategies, such as expansion of production capacities, acquisition, and partnership in the development of the innovative products from manufacturers have helped to attain key developments in the global converter transformer market trends.
The consumer demand for non-essential goods declined considerably during the Covid-19 pandemic. This, consequently, reduced the demand for converter transformer as the economic status of many individuals was affected severely due to economic uncertainty caused by the pandemic.
There was reduction in the demand from application sectors such as oil & gas, manufacturing, and industrial due to stoppage of daily operations during the lockdown. This, in turn, reduced the demand for converter transformers. However, the demand is expected to recover post-lockdown.
Key findings of the study
Region-wise, Asia-Pacific is projected to witness growth at the highest CAGR in terms of revenue, during the forecast period.
On the basis of type, the 401-600 KV segment was the major share contributor in 2020.
On the basis of application, the grid connections segment occupies more than half the market share in 2020.
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.
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.
Allied Market Research published a new report, titled, “Cellulose Ether & Its derivatives Market” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
The report offers key drivers that propel the growth in the global Cellulose Ether & Its derivatives market. These insights help market players in devising strategies to gain market presence. The research also outlined restraints of the market. Insights on opportunities are mentioned to assist market players in taking further steps by determining potential in untapped regions.
The research offers a detailed segmentation of the global Cellulose Ether & Its derivatives market. Key segments analyzed in the research include By Type, Application, End User, Regionand geography. Extensive analysis of sales, revenue, growth rate, and market share of each region for the historic period and the forecast period is offered with the help of tables.
The market is analyzed based on regions and competitive landscape in each region is mentioned. Regions discussed in the study include North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). These insights help to devise strategies and create new opportunities to achieve exceptional results.
The research offers an extensive analysis of key players active in the global Cellulose Ether & Its derivatives industry. Detailed analysis on operating business segments, product portfolio, business performance, and key strategic developments is offered in the research. Leading market players analyzed in the report include DOW Chemical Company, Akzonobel, Shin-Etsu Chemical, Ashland, Daicel Finechem Ltd, Lotte Fine Chemicals, DSK Co. Ltd., China Ruitai International Holdings Co. Ltd, Fenchem Biotek Ltd, Reliance Cellulose Products Ltd, CP Kelco, Shandong Head Co. Ltd, Sichem LLC, Zhejiang Kehong Chemical Co. Ltd, SE Tylose GmbH & Co. Kg. These players have adopted various strategies including expansions, mergers & acquisitions, joint ventures, new product launches, and collaborations to gain a strong position in the industry.
The report provides a qualitative and quantitative analysis of the current Cellulose Ether & Its derivatives market trends, forecasts, and market size from 2021 to 2030 to determine new opportunities.
Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
Top impacting factors & major investment pockets are highlighted in the research.
The major countries in each region are analyzed and their revenue contribution is mentioned.
The market player positioning segment provides an understanding of the current position of the market players active in the Cellulose Ether & Its derivatives industry.
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 domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
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.
Allied Market Research published a new report, titled, “Dioxolane Market” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
The report offers key drivers that propel the growth in the global Dioxolane market. These insights help market players in devising strategies to gain market presence. The research also outlined restraints of the market. Insights on opportunities are mentioned to assist market players in taking further steps by determining potential in untapped regions.
The research offers a detailed segmentation of the global Dioxolane market. Key segments analyzed in the research include By Type, Application, End User, Regionand geography. Extensive analysis of sales, revenue, growth rate, and market share of each region for the historic period and the forecast period is offered with the help of tables.
The market is analyzed based on regions and competitive landscape in each region is mentioned. Regions discussed in the study include North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). These insights help to devise strategies and create new opportunities to achieve exceptional results.
The research offers an extensive analysis of key players active in the global Dioxolane industry. Detailed analysis on operating business segments, product portfolio, business performance, and key strategic developments is offered in the research. Leading market players analyzed in the report include abcr GmbH, BASF SE, ChemTik, Finetech Industry Limited, Honeywell, Kairav Chemofarbe Industries Ltd, Merck, Sigma-Aldrich Co. LLC, TCI Chemicals Pvt. Ltd., VladaChem GmbH, Tractus, Zhejiang Arts & Crafts Imp & Exp Co. Ltd.. These players have adopted various strategies including expansions, mergers & acquisitions, joint ventures, new product launches, and collaborations to gain a strong position in the industry.
The report provides a qualitative and quantitative analysis of the current Dioxolane market trends, forecasts, and market size from 2021 to 2030 to determine new opportunities.
Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
Top impacting factors & major investment pockets are highlighted in the research.
The major countries in each region are analyzed and their revenue contribution is mentioned.
The market player positioning segment provides an understanding of the current position of the market players active in the Dioxolane industry.
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 domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
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.
Allied Market Research published a new report, titled, “Conductive Fillers Market” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
The report offers key drivers that propel the growth in the global Conductive Fillers market. These insights help market players in devising strategies to gain market presence. The research also outlined restraints of the market. Insights on opportunities are mentioned to assist market players in taking further steps by determining potential in untapped regions.
The research offers a detailed segmentation of the global Conductive Fillers market. Key segments analyzed in the research include By Product Type, Function, Application, End Use Industry, Regionand geography. Extensive analysis of sales, revenue, growth rate, and market share of each region for the historic period and the forecast period is offered with the help of tables.
The market is analyzed based on regions and competitive landscape in each region is mentioned. Regions discussed in the study include North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). These insights help to devise strategies and create new opportunities to achieve exceptional results.
The research offers an extensive analysis of key players active in the global Conductive Fillers industry. Detailed analysis on operating business segments, product portfolio, business performance, and key strategic developments is offered in the research. Leading market players analyzed in the report include Almatis Corporation, Arkema, Asbury Carbon, Birla Carbon, Cabot Corporation, Continental Carbon Nanotechnologies, Dowa Electronics, Ferro Corporation, IMERYS, Orion Engineered Carbon, Nippon Light Metal, Showa Denko K.K. These players have adopted various strategies including expansions, mergers & acquisitions, joint ventures, new product launches, and collaborations to gain a strong position in the industry.
The report provides a qualitative and quantitative analysis of the current Conductive Fillers market trends, forecasts, and market size from 2021 to 2030 to determine new opportunities.
Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
Top impacting factors & major investment pockets are highlighted in the research.
The major countries in each region are analyzed and their revenue contribution is mentioned.
The market player positioning segment provides an understanding of the current position of the market players active in the Conductive Fillers industry.
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 domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
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.
Grow light is an electrical light designed either to provide a light spectrum similar to that of the sun or to provide a spectrum that is more tailored to meet the needs of the plants being cultivated. It can be adjusted to change from ultraviolet (UV) spectrum to infrared (IR) spectrum. This adjustment makes plants grow to their best potential, while maximizing potential profits. Grow lights are highly preferred for seedlings, herbs, succulents, and leafy houseplants, as they offer optimum environment for growth.
Higher efficiency offered by grow lights such as LEDs is the prime reason that drives growth of the grow light industry. Diodes of LED fixture are inherently superior at converting electricity into light. Subsequently, it lowers electricity consumption, as less number of fixtures are required to provide the same amount of light. Thus, LEDs serve as a reliable technology for indoor and commercial greenhouse’s growers.
To control light intensity, LEDs, high-intensity discharge (HID), metal halides (MH), and high-pressure sodium (HPS) can compensate for sunlight’s shortcomings. These lights are strong, economical with energy, and durable. Some of the grow lights are suitable for indoor farming, as they produce little heat. Moreover, grow lights are installed in the commercial greenhouse to provide the right spectrum of light and heat to promote plant growth. Commercial greenhouse grow lights, including HPS grow lights, ceramic metal halide grow lights (CMH), HSP lamps, and flowering lamps are offered by businesses such as Signify N.V., SANlight GmbH, Valoya, GE Current, and Heliospectra AB.
The growth of the grow light market is anticipated to be fueled by commercial greenhouses’ demonstrated effectiveness for growing plants indoors. Furthermore, grow lights offer higher controllability and scalability, which accelerate the demand for grow light. Moreover, rise in adoption of vertical farming is opportunistic for the market growth.
Although the grow light market is yet to see involvement of medicinal plants at a larger scale, rise in demand for cannabis & mushrooms, technology support, increase in number of installation type farms, and developments in grow light technology significantly reduce lighting cost, which are anticipated to offer remunerative opportunities for the expansion of the global grow light market during the forecast period. However, high initial investment acts as a major restraint of the global market. Moreover, lack of standardization results in high risk of purchasing incompatible parts that hampers the market growth.
The outbreak of the COVID-19 pandemic in 2020 negatively impacted the growth of the global grow light market. The industry stakeholders incurred huge losses and were forced to resort to extreme measures and reorient their age-old strategies to ensure survival and long-term stability. However, after the passing of the relapse waves of COVID-19 accompanied by massive vaccination drives carried out by nations across the globe, different lighting segments such as LEDs, HID, metal halides (MH), and high-pressure sodium (HPS) began to recover from 2021. The COVID-19 pandemic has primarily had a disruptive effect on the economy. The distribution of the finished product as well as the supply of raw materials were both impacted by the supply chain disruptions.
In addition, compared to pre-COVID levels, the demand for grow lights decreased significantly. In the short term, the demand for grow lights is anticipated to suffer from a decline in export shipments and a slowdown in domestic demand compared to pre-COVID-19 levels. However, as the restrictions were liberalized, the market began to improve. The trend of work from home for an extended period of time boosted gardening, especially growing vegetables. For their home gardens, many people embraced vertical farming and indoor farming methods such as hydroponics. The demand for grow lights began to increase, and after the restrictions were lifted, the demand for grow lights stabilized.
The key factors that drive the growth of the grow light market include rapid urban cultivation, increase in adoption of vertical farming & indoor cultivation, government initiatives for the adoption of energy-efficient LEDs for cultivation & installation of recliner grow lights, which can be easily replaced for maintenance. However, the high cost of the implementation process due to diverse standards and regulations across different geographies hampers the market growth. Conversely, the opportunity lies in the cultivation of different herbs & cannabis and rapid adoption of breakthrough technologies.
Key Player Strategies to Tackle the Negative Impact
The economic impact of the coronavirus pandemic globally has been largely disruptive. Companies operating in the lighting industry state that temporarily shut down production sites will lead to a decline in revenues for the financial year 2020–2021. Various measures undertaken by players to tackle the negative impact are as follow ranges:
The Expanded Lead Time of the Projects
Major players operating in the grow light market are expected to continue their ongoing retrofit lighting installation process once the rules and regulations for coronavirus pandemics are minimized. In addition, companies will be able to strive for their business in this dire situation to propel the market positively.
Focusing on Next-Generation Products
It is expected that the demand for new and innovative products would surge once the economy begins to recover. Rather than simply improving products using current state-of-the-art technology, companies are looking forward to investing in next-generation products using new technologies, as it will well position its goodwill, once customer demand surges.
The companies such as BIOS Lighting and Kroptek are looking forward to produce a single grow light, which contains multiple options such as Internet of Things (IoT), dimmable LEDs, and adjusting height of fixtures. This factor will provide an edge for the companies and manufacturers to lower the material cost during production, and constant updates will be provided for the products.
The Shift toward Agile Elastic Supply Chain Model
Key players in the global grow light market are shifting toward agile supply chain model that has multiple pathways to prevent single points of failure. It can help them balance costs with better assurance for business continuity and sustainability.
Shifting from single country hubs to more extensive regional supply networks can initiate collaborative partnerships and industry associations. Stakeholders are investing in resources and infrastructure that can quickly enable new manufacturing and supply nodes when required.
Post COVID-19 Scenario
Intercanopy grow lights are extensively used in vertical farming, which provide light from above as well as from the sides for the plant. Major light does not reach to the bottom of the plant, thus, intercanopy grow lights play an important role for vertical farming. Firms gain a competitive edge by following quality management standards and providing standardized lighting services. Governments of different regions such as North America and Asia-Pacific are promoting the cultivation of crops in the indoor environment. This masterstroke will help grow light players to expand almost in all untapped regions, thus boosting the growth of agile supply chain in the grow light market.
Recent News in the Grow Light Market
Biological Innovations and Optimization Systems, LLC (BIOS) CEO Sean Tegart announced the partnership with OCL Architectural Lighting, which will combine OCL’s high-quality luminaires with BIOS SkyBlue LED Solutions’ inherently stunning performance. This will be helpful in the development of BIOS’s human-centric product line. Furthermore, the company introduced the next generation of Icarus LED Grow Lights by expanding its DLC-Listed Fixture Portfolio. As per company, there are now 11 BIOS LED grow lights available for significant energy rebates and incentives. In addition, BIOS company stated that BIOS Icarus fixtures give excellent production of vegetations for years with better efficacy, industry-leading uniformity, and improved long-term performance.
In addition, the grow light market in Europe and Asia Pacific is expected to exhibit growth in the coming future. Asia-Pacific serves as the potential market for grow light. This is attributed to rapid increase in urban agriculture, such as vertical farming, green houses, and growth chambers. Moreover, the countries such as Japan, Taiwan, and China are the major sources of demand for grow lights in the region. Regional growth is expected to be further influenced by high demand for taking efficient and accurate business decisions.
Conclusion
The grow light market is expected to leverage high potential for hydroponics, aeroponics, and commercial glass greenhouses in the coming years. The current business scenario is witnessing an increase in the demand for urban cultivation particularly in the developing countries such as China and India due to increase in demand for partial dependence on home-grown, chemical-free vegetables. Furthermore, companies in this industry are adopting various innovative techniques such as mergers and acquisition activities to strengthen their business position in the competitive matrix. Moreover, R&D activities and the adoption of the technology across various equipment and applications in the developed countries such as the U.S., the UK, Germany, and China make them hold the major market shares, globally.
A trend that has been observed is the transition of earthenware from being traditional pottery items into modern items to suit the dynamic demand and preferences of consumers. In modern times, earthenware items are extensively used as cookware, tableware, flower pots, and others. A change in the approach to decorative trends can be observed, which is expected to fuel the earthenware market growth.
Earthenware finds application in cutlery, flower pots, cookware, and decoration items. The diverse application of earthenware is a driving factor that contributes to the growth of the earthenware market. The usage of earthenware for cutlery and cookware witnesses more demand due to its affordability and availability. The decoration items are expected to witness a significant rise in demand for earthenware, owing to the dynamic and rapidly growing decoration trends, tastes, & preferences of consumers. The increase in demand for antiques is expected to drive the earthenware market growth to a certain extent.
Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the manufacturers for future challenges in advance.
The report presents in-depth insights into each of the leading earthenware market end user verticals along with annual forecasts to 2029. The report provides revenue forecast with sales, and sales growth rate of the global Earthenware market. The forecasts are also provided with respect to the product, application, and regional segments of the market. The forecasts are issued to understand the future outlook and prospects of the industry.
The market is evaluated based on its regional penetration, explaining the performance of the market in each regional market covering provinces such as North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Top 10 leading companies in the global Earthenware market are analyzed in the report along with their business overview, operations, financial analysis, SWOT profile and products and services. The key players operating in the global Earthenware industry include CoorsTek, CeramTec, Ceradyne, Corning, Stryker, Kyocera, Asahi Glass.
Latest news and industry developments in terms of market expansions, acquisitions, growth strategies, joint ventures and collaborations, product launches, market expansions etc. are included in the report.
Key Benefits
The report provides a qualitative and quantitative analysis of the current Earthenware market trends, forecasts, and market size from 2022 to 2029 to determine the prevailing opportunities.
Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
Top impacting factors & major investment pockets are highlighted in the research.
The major countries in each region are analyzed and their revenue contribution is mentioned.
The market report also provides an understanding of the current position of the market players active in the Earthenware industry.
Highlights of the Report
Competitive landscape of the Earthenware market.
Revenue generated by each segment of the Earthenware market by 2029.
Factors expected to drive and create new opportunities in the Earthenware industry.
Strategies to gain sustainable growth of the market.
Region that would create lucrative business opportunities during the forecast period.
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The offsite construction market is expected to reach $235.4 billion by 2030 from $130.4 billion in 2020, registering a CAGR of 5.9% from 2021 to 2030. In 2020, the North America region dominated the offsite construction market, in terms of revenue, accounting for about 37.50% share of the offsite construction market.
An increase in demand for prefabricated housing units, owing to reduction in construction cost & time and government initiative toward green building concept is predicted to cater to the growth of the offsite construction market. Many competitors, architects, and builders are taking advantage of used shipping containers for building homes.
Region-wise, offsite construction market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). In 2020, North America region was the highest contributor to the offsite construction market, and is anticipated to secure a leading position during the forecast period.
Key Findings Of The Study
The report provides an extensive analysis of the current and emerging offsite construction market trends and dynamics.
Based on material, the steel segment was the largest revenue generating segment in 2020.
On the basis of application, the residential segment generated the highest revenue in 2020.
Based on construction type, the fixed segment generated the highest revenue in 2020.
Region-wise, North America is anticipated to dominate the offsite construction market during the study period.
The report provides an extensive analysis of the offsite construction market trends and emerging opportunities of the market.
The offsite construction market forecast analysis from 2021 to 2030 is included in the report.
According to a new report published by Allied Market Research, titled, “Robotic Welding Market by Type, End User, and Payload: Global Opportunity Analysis and Industry Forecast, 2019-2026,” The global robotic welding market size was valued at $5.4 billion in 2018, and is projected to reach $10.7 billion by 2026, growing at a CAGR of 8.7% from 2019 to 2026.
The robotic welding market is expected to be driven by growth in adoption of welding robots in the automotive & metal industry, and increase in advancement in robotics technologies. Key market players in robotic welding market aim to explore new technologies and products to meet the increase in customer demands. Product launch and business expansion are expected to enable them to expand their product portfolios and penetrate into different regions.
The key market players profiled in the robotic welding market report include ABB, Ltd., DAIHEN Corporation, Denso Corporation, Fanuc Corporation, Kawasaki Heavy Industries, Ltd., KUKA AG, Nachi-Fujikoshi Corp., Panasonic Corporation, Siasun Robot & Automation Co Ltd., and Yaskawa Electric Corporation.
Growth Factor:
Rapid growth in automation demand coupled with reduction of duties on refurbished goods in Asia-Pacific, fuel the robotic welding market growth. The key factor accelerating the robotics welding market is growing industrialization around the globe. Electronics is a key area for penetration of robotics welding and is witnessing growth at an increasing rate.
The report provides an extensive analysis of the current and emerging robotic welding market trends and dynamics.
Depending on type, the spot-welding segment dominated the market, in terms of revenue in 2018 and the arc welding segment is projected to grow at a CAGR 9.2% during the forecast period.
By end-user, the automotive and transportation segment led the robotic welding market in 2018.
Asia-Pacific is projected to register the highest growth rate in the coming years.
Key market players within the robotic welding market are profiled in this report, and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the robotic welding industry.
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR 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.
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