A Market Place Research – Page 1664

Oil Shale Market Expected to Hit $5.9 Billion by 2030, at a CAGR of 7.7%

The global oil shale market size was valued at $2.8 billion in 2020, and global oil shale market forecast projected to reach $5.9 billion by 2030, with global Oil shale market forecast expected at a CAGR of 7.7% from 2021 to 2030. Oil shale is an organic-rich rock, which contains a solid mixture of organic chemical compounds known as kerosene. From these organic compounds, liquid hydrocarbons, such as shale oil, are produced. Oil shale is a substitute for conventional crude oil and is increasingly used, owing to its low cost of extraction. As per the 2016 estimate, the global deposits of the total world resources of oil shale are an equivalent of 6.05 trillion barrels of oil. Industries utilize oil shale as a fuel for thermal power-plants to drive steam turbines. In addition, oil shale serves in the production of specialty carbon fibers, carbon black, adsorbent carbons, resins, phenols, tanning agents, road bitumen, and soil-additives. The growth in use of oil shale across various industries drives the oil shale market.

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The oil shale market is segmented on the basis of product, technology, process, application and region. Depending on product, the market is categorized into shale gasoline, shale diesel, kerosene, and others. On the basis of technology, it is classified into in-situ technology and ex-situ technology. By process, it is categorized into oil shale exploration, ore preparation, oil shale retortion, and shale oil refining & specialty services. On the basis of application, it is divided into fuel, electricity, and cement & chemicals. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The global oil shale market analysis covers in-depth information about the major industry participants. The key players operating and profiled in the report include Southwestern Energy Company, EQT Corporation, Equinor ASA, Repsol SA, SINOPEC/Shs, Chesapeake Energy Corporation, Royal Dutch Shell PLC, Exxon Mobil Corporation, Chevron Corporation, and PETROCHINA/Shs.

Key findings of the study

On the basis of product, the shale gasoline segment emerged as the global leader in 2020 and is anticipated to be the largest market during the forecast period.
Depending on technology, the in-situ segment emerged as the global leader in 2020 and is anticipated to be the largest market during the forecast period.
According to process, oil shale exploration segment emerged as the global leader in 2020 and is anticipated to be the largest market during the forecast period.
As per application, fuel segment emerged as the global leader in 2020 and is anticipated to be the largest market during the forecast period.
Region wise, North America registered the highest market share and is projected to maintain the same during the forecast period

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Impact Of Covid-19 On The Global Oil Shale Market

The emergence of COVID-19 has coincided with a core oil market management dispute. That dispute mainly involves the market shares commanded by Saudi Arabia (the largest sovereign producer among the OPEC membership) and Russia which, along with Mexico and occasionally Norway, has cooperated with OPEC as “OPEC+”. Oil market management disputes inevitably result in lower prices, and so the global oil industry now finds itself reeling from the combined effects of OPEC+ disarray and ultra-low global demand caused by the pandemic. With all the calculation of OPEC and OPEC+ issue, global demand issue, and oversupply scenario, the demand and price of oil shale is negatively impacted.
U.S. shale oil & gas demand plummeted, prices collapsed, and bankruptcies were announced at exceptional rates due to the uncertainties in crude oil and natural gas prices, Break-Even (BE) prices for fracking operations, financial &technical constraints within the industry, global hydrocarbon demand development, political &regulatory factors in the U.S., and environmental &societal sustainability, which in turn show the negative demand on oil shale market.
U.S. shale industry registered net negative free cash flows of $300 billion, impaired more than $450 billion of invested capital, and saw more than 190 bankruptcies since 2010. However, there is negative impact on global oil shale market.
The world began locking down its economies, which brought oil and gas prices historically low as demand crashed. This meant that investment in LNG production and export facilities became less attractive. With demand in freefall, U.S. producers began questioning their investment timescales for new LNG export projects. Final investment decisions have been delayed on seven U.S. LNG projects, representing around 14 billion cubic feet per day of potential capacity.
The decline was widespread, with record downfall in both OECD (-4.8%) and non-OECD (-3.9%) countries. The U.S. (the world’s 2nd-largest energy producer), saw a decline of 5.3%, the largest decline in the world last year, and the largest domestic decline on record. Production of all fossil fuels, nuclear power, and biofuels declined.
The price effects of the economic slowdown following the COVID-19 pandemic contributed to reductions in U.S. petroleum and natural gas reserves in 2020. Proved reserves of crude oil and lease condensate decreased by 9 billion barrels in 2020, a decline of 19%, and proved reserves of natural gas decreased by just over 22 trillion cubic feet (TCF), a decline of 4%.
Petroleum demand, which was largely inelastic—changing by one to three percent annually—slumped by more than 30 MMbbl/d in April. Lockdowns of several nations across the world caused drastic changes in the crude oil market. Oil prices decisively broke the new normal of $50–60/bbl, with West Texas Intermediate (WTI) May futures prices falling even below zero (-$37/ bbl) owing to low liquidity and limited available storage. Although the sub-zero price was a temporary dislocation, this intense volatility highlights the fragile state of the industry.
According to the Organization for Economic Co-operation and Development (OECD), a surge in the price of crude oil began during the lockdown, due to extensive supply and less demand, which increased the production of electricity. However, there is no impact of COVID-19 on the oil shale market due to the extensive production of oil.

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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.

Japan Portable Power Station Market to Record 5.1% Y-O-Y Growth Rate in 2030

Japan portable power station market size was valued at $137.9 million in 2020, and is projected to reach $225.5 million by 2030, growing at a CAGR of 5.1% from 2021 to 2030. Rise in use of smart electronic devices and growth in concerns regarding CO2 emissions drive the growth of the Japan Portable Power Station market. However, high cost of battery-powered portable power stations restrains the market to some extent. On the other hand, high cost of battery-powered portable power stations presents new opportunities in the upcoming years.

The main factors driving the growth of the Japan portable power station market include increase in demand for smart devices (including smartphones and smart watches), as well as the demand for uninterruptible power supplies for applications such as emergency power supplies, automobiles and off-grid power supplies. However, the longer charging time and high cost of portable power stations restrain the Japan portable power station market growth.

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The report offers detailed segmentation of the Japan Portable Power Station market based on type, application, and sales channel.

Based on type, the 501-1000 watt-hours segment held the largest market share in 2020, holding nearly two-fifths of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the 1500 watt-hour or more segment is projected to register the highest CAGR of 5.5% from 2021 to 2030.

Based on application, the emergency power segment held the highest market share in 2020, holding nearly three-fourths of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the off-grid segment and automotive segment are estimated to register the highest CAGR of 5.2% each from 2021 to 2030.

Based on sales channel, offline segment contributed to the highest share in terms of revenue in 2020, holding more than half of the Japan Portable Power Station market, and is estimated to continue its dominant share by 2030. However, online segment is projected to manifest the fastest CAGR of 5.2% during the forecast period.

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The major companies profiled in this Japan portable power station industry report include Anker Technology, Bluetti, Ecoflow, Jackery Inc., Lion Energy, Suaoki, Chilwee Group Co., Ltd., Ges Group Limited Company, Mitsubishi corporation and Alpha ESS Co., Ltd.. The players in the market have adopted several strategies, such as product launch and business expansion, to sustain the market competition.

Impact of COVID-19 on the global portable power station market

As people remain isolated in their homes, COVID19 continues to have a major impact on tourism and air travel globally. Closed destinations and hotels, as well as travel restrictions, camping and outdoor recreation will affect travel and tourism. According to data from the World Tourism Organization (UNWTO), all tourist destinations in the world have implemented travel restrictions, 97 destinations (45%) have totally or partially closed their tourist borders, and 65 destinations (30%) have been totally or international flights partially suspended, and 39 destinations (18%) are closing borders, prohibiting passengers from certain countries of origin. Additionally, impact of COVID-19 on camping and other outdoor industry affecting portable power station sales. The above restrictions have directly impacted the portable power station market in Japan.

Key findings of the study

By application, the emergency power segment accounted for the largest market share in 2020.
By capacity, the 501-1,000 Wh segment garnered the largest market share in 2020.
By sales channel, the offline segment garnered the largest market share in 2020.

Processed Potatoes Market : Emerging Trends Boosts the Global Industry Growth Till 2021 – 2030

The global processed potatoes market has experienced a significant growth, and is expected to grow considerably in next few years owing to the increase in demand for convenience food. Whole potatoes are processed in the factories to prepare chips, French fries, and other snacks or to take out potato starch from it. Fresh potatoes are processed through boiling, baking, frying, and dehydrating. The baked, fried, and boiled potatoes are used in the manufacturing of wide variety of recipes such as pancake, dumplings, soup, fingers, and chips. The dehydrated potato flakes are used in mashed potato foods and in making potato flour which is used as thickening ingredient in soup and binding ingredient in meat mixtures. Potato is also processed to make potato starch which is a good substitute for maize and wheat starch due to its high viscosity and taste. It is used in bakery and dairy products.

Companies Covered: Aviko, Calbee Foods, Herr Foods, Kellogg, Kettle Foods, Avebe, PepsiCo, Lamb Weston, Burts Chips, Old Dutch Foods, Snyder’s-Lance,Tyrrells Potato Crisps, Intersnack , McCain Foods.

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COVID-19 Scenario Analysis

The COVID-19 outbreak has shaken all the economies in the world. In this scenario, some industries are doing extremely well while others have been crushed. The necessity food market, cleaning & hygiene product market and medical industry are such categories which are witnessing a high growth. The consumers are more inclined toward traditional, safe, staple, and healthy food due to which demand for packaged and processed potatoes has experienced decline. In addition, the lockdown in different economies caused impaired supply chain and unavailability of workers & raw materials due to which production of the processed potatoes manufacturing companies has been hampered.The end of the lockdown in the countries may bring higher consumer traffic to this market. E-commerce may also witness growth in the post COVID-19 scenario. In post COVID-19 scenario, the sale of processed potatoes may increase from e-commerce platforms. The companies need to develop such strategies to change the design of their supply chain and production policies or plan in tandem with the changing business environment.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

The availability of wide range of processed potato food in the market has increased the demand for this product. Companies have launched various processed potato foods with different tastes and flavors to broaden their offerings and to attract more customers. Among the most prominent flavors are triple-boiled chips with smoked barbecue and sea salt, garlic & black pepper fries, and zesty-style fries. A large variety of flavors stimulate the demand for processed potato products.

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The change in lifestyle and hectic schedule has influenced the food habit of the consumers. People prefer convenience food more than ever and that has surged the demand for processed potato food. In addition, the increase in trend of sharable snacks and on-the go consumption has given traction to the demand for the processed and packaged potato snacks. Moreover, increase in the working class women in the various countries have raised the purchasing of food products which are quick, easy, and need less effort to cook which resulted in the growth of processed potato products.

New Product Launches to Flourish the Market

The launches of new products that contain enhanced flavors have been launched by leading market players. Owing to the rise in dual income families, change in lifestyle has surged the demand for open & eat food trends. In addition, millennials are more inclined toward eating processed potato than fresh ones. To serve this rise in demand, the companies are focused on introducing new potato based processed food and ready to eat food. For instance, in February 2019, Belgian based company De Aardappelhoeve launched new processed potato products to target younger generation who are willing to consume processed potato snacks than fresh potatoes. Furthermore, in May 2018, McCain foods introduced shake-shake potato food product with range of flavors. It launched variety of processed potato product for both vegan and non-vegan.

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Changing Packaging of the Products

Packaging plays an important role in appealing the consumers. The attractive and appealing look of the package stimulates demand in the mind of the consumers. Leading players are focused on giving appealing looks to their new products range. As package design of a product act as a silent advertiser, the companies are changing the package of existing potato products. For instance, lays has changed the color and design of the packaging of all its existing processed potato chips product range. It has changed the size and position of the logo on the package and changed the photography of chips to a top-down angle image. It gives a contemporary and modern look at the same time.

Key Benefits of the Report

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

About Us

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.

Metal Furniture Market Size is Rise to Reach $191,734.0 Million by 2028, Growing at CAGR of 3.9% From 2021 to 2028

According to a new report, The global metal furniture market size was valued at $141,444.0 million in 2020, and is projected to reach $191,734.0 million by 2028, registering a CAGR of 3.9% from 2021 to 2028. The bed segment was the highest contributor to the market, and is estimated to grow at a CAGR of 4.0% during the forecast period.

Rise in consumer interest toward home décor, surge in the number of offices, and rapid growth of online retail platforms have boosted the growth of the global metal furniture market. However, rise in cost of raw materials hinders the market growth. On the contrary, rise in the standard of living owing to increase in disposable income and advent of customized furniture and technology are expected to create lucrative opportunities for the market players in the future.

The global metal furniture industry has witnessed significant growth in the past few years, and is expected to grow at a steady pace during the forecast period. This is attributed to the fact that there is a rise in trend in customized designs, eco-friendly material, and French modern design. However, fluctuations in the price of raw materials and increase in counterfeit products restrain market growth.

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The market is segmented into type, application, distribution channel, and region. By type, the market is divided into bed, sofa, chair, table, and others. On the basis of application, it is segmented into commercial and residential. By distribution channel, it is segregated into direct distribution, supermarket/hypermarket, specialty stores, and e-commerce. Region-wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, Spain and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

On the basis of type, the bed segment was the highest contributor to the global metal furniture market growth in 2020, and is projected to reach $47,617.4 million by 2028, registering a CAGR of 4.0% from 2021 to 2028. Increase in standard of living leads to influence of home decor among customers, which leads to increase in demand for this segment. Moreover, the table segment is expected to be the fastest growing segment during the forecast period.

By distribution channel, the specialty store segment was the highest contributor to the metal furniture market, with $43,505.7 million in 2020, and is estimated to reach $59,140.2 million by 2028, at a CAGR of 3.9% during the forecast period. Specialty stores provide a variety of selective products with expertized staff, which allows customers to choose right products easily.

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On the basis of the application, the residential segment was the largest contributor to the market growth during 2020. It is estimated to reach $105,490.5 million by 2028, at a CAGR of 3.8%. This growth attributes to increase in disposable income and rise in the real estate industry. With increase in numerous infrastructures, demand for furniture also rises. This trend leads to growth of the residential global metal furniture market.

Region-wise, according to the global metal furniture analysis, Asia-Pacific has gained considerable traction in market and is expected to grow at the highest CAGR of $3.9% during the forecast period of 2021-2028.

Key players in the global metal furniture industry profiled in the report include Chyuan Chern Furniture Co., Ltd., Cymax Group Inc., DHP Furniture, Godrej Furniture, Hillsdale Furniture, Inter IKEA systems B.V., Meco Corporation, Oliver Metal Furniture, Simpli Home, and Zinus.

Key Benefits For Stakeholders:

• The report provides a quantitative analysis of the current global metal furniture market trends, estimations, and dynamics of the metal furniture market from 2020 to 2028 to identify the prevailing opportunities.
• Porter’s five forces analysis highlights potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
• In-depth analysis and the market trends and segmentation assists to determine the prevailing global metal furniture market opportunities.
• The major countries in each region are mapped according to their revenue contribution to the metal furniture market.
• The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the industry.

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• To develop effective R&D strategies, gather information, analysis, and strategic insight from competitors.

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Battery Storage Inverter Market Analysis and Future Growth Prospects to 2030

Global Battery Storage Inverter Market by Product, End User, Application, and Region, Global Industry Analysis and Forecast 2022 – 2030 offers assembled trends and predictions to clients. The report delivers a comprehensive overview of the crucial elements of the market and elements such as drivers, current trends of the past and present times, supervisory scenario & technological growth. The report is an intensive investigation portraying the details and the new opportunity appraisal of the market.

The expansion of industrial, commercial, and utility-scale sectors is the major driver of the battery storage inverter market. The continuous power supply is vital for machinery in the industrial process, which fuels the demand for storage power systems, thereby augmenting the global market growth. Battery storage inverters are able to provide high-density energy, which helps in the smooth functioning of the manufacturing process in others sectors.

In addition, rapid urbanization and increase in residential activities drive the demand for battery storage inverters. Moreover, battery storage inverters are safe and support government regulations to operate in residential and industrial areas. However, battery storage inverter has a short life span and requires high cost to either replace or recharge batteries, which act as major restraints of the global battery storage inverter market.

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The battery storage inverter market revenue will be increasing in the forecast period as the market is all set to witness a significant transition in the period. The battery storage inverter can be recognized as a grid-connected inverter that can also act as a bi-directional inverter. The battery storage inverters can help store electric energy, followed by the combined deployment of smart grids that will help release energy. The inverters find full and functional applications in the form of residential, utility-scale, and commercial sectors as a part of the global market

Some of the major market players operating in the global battery storage inverter market include Princetopn POWER SYSTEMS, SOLAREDGE TECHNOLOGIES, SUNGROW POWER SUPPLY, Dynapower Company, and Robert Bosch GmbH. Expansions, acquisitions, partnerships, and new product developments are the major focus of these market players to grow their business in the potential markets. They have been further focusing on strategies such as organic and inorganic growth developments, including contracts and investments.

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Key benefits of the report

This study presents the analytical depiction of the global battery storage inverter industry along with the current trends and market estimation to determine the imminent investment pockets.
The report represents information related to key drivers, restraints, and opportunities along with detailed analysis of the market.
The current market is quantitatively analyzed from 2022 to 2030 to highlight the market growth scenario.
The report provides a detailed market analysis depending on competitive and how the competition will take shape in coming years.
This report helps users in comprehending the key product segments and their future.

Key Market Segments

By Product

Single Phase
Three-phase Low Power
Three-phase Medium Power
Three-phase High Power

By Application

Electricity Generation
Solar Energy Storage
Others

By End User

Residential
Commercial

By Geography

Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific

Men’s Hair Care and Styling Products Market Size is Rise to Reach $54,755.1 Million by 2030, Growing at CAGR of 3.3%

According to a new report published by Allied Market Research, titled, “The men’s hair care and styling products market size was valued at $40,430.0 million in 2020, and is projected to reach $54,755.1 million by 2030, registering a CAGR of 3.3% from 2021 to 2030.” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape.

In the last few years, a trend has been seen in the use of hairstyle products to look good and keep a decent appearance. The haircare and styling products market has witnessed significant growth due to an increase in the number of people from all over the world opting for haircare products as a precautionary measure to fight hair fall and hair damage. Key market players seek to strengthen their position by offering high-tech goods and developing a strong distribution channel network that is projected to fuel the market growth. The creation of products is aimed at fostering market expansion.

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For instance, in May 2021, the Atulya brand introduced Veg Keratin products, including shampoo, hair conditioner, and hair oil. The products are cruelty-free and manufactured from plant-based materials, which protect the hair against damage and restore the protein build for anti-breaking purposes.

The men’s hair care and styling products market is segmented into product type, distribution channel, and region. By distribution channel, the men’s hair care and styling products industry is segregated into supermarket & hypermarket, convenience stores, specialty stores, e-commerce, and others (departmental stores and grocery stores). By region, the men’s hair care & styling products are divided into North America, Europe, and Asia-Pacific.

Asia-Pacific leads in terms of men’s hair care and styling products market share and is poised to grow with highest CAGR during the men’s hair care and styling products market forecast period. The supermarkets and hypermarkets segment was the leading channel with maximum share in 2020, growing with significant CAGR during the haircare and styling products market forecast period. This is attributed to the increase in the business of retail sales in different regions and the availability of large shelf space for maximum sales.

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Haircare segment and hair care products are used globally and are one of the prime product types for haircare and styling products; thus, is expected to influence the overall haircare and styling products industry. The haircare segment was valued at $24.0 billion and is expected to grow with a CAGR of 2.5% from 2020 to 2030, to reach $30.3 billion by 2030.

In addition, a surge in penetration of haircare and styling products among consumers is anticipated to fuel the market growth during the forecast period. Region-wise, Asia-Pacific was the prominent region in 2020, garnering maximum share in the haircare and styling products market, owing to the huge consumer base and increase in population. SMEs operating in the region are targeting online sales channels to increase their sales. These companies are further investing in various marketing and advertising activities to increase the awareness of their products.

The key players profiled in this report include include:

• American Crew
• Baxter of California
• Jack Black
• Harry’s
• Malin+Goetz
• Hanz de Fuko
• Dove Men
• Redken Brews
• Old Spice
• Axe

Key Findings Of The Study:

• By type, the hair care segment lead in terms of market share in the year 2020, however the styling products segment is expected to grow with the highest CAGR during the forecast period.
• By sales channel, supermarkets and hypermarkets are the most popular means of purchase of men’s hair care and styling products, however, the E-commerce segment is expected to have the highest CAGR growth during the forecast period.
• By region, Asia-Pacific is the largest market in terms of men’s hair care and styling products and is likely to dominate the global market throughout the forecast period.

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Electrical Equipment Market Rising Trends, Growing Demand and Business Opportunities 2022-2030

Global Electrical Equipment Market by Product, End User, Application, and Region, Global Industry Analysis and Forecast 2022 – 2030 offers assembled trends and predictions to clients. The report delivers a comprehensive overview of the crucial elements of the market and elements such as drivers, current trends of the past and present times, supervisory scenario & technological growth. The report is an intensive investigation portraying the details and the new opportunity appraisal of the market.

Technological advancement in electrical equipment acts as the major driver of the electrical equipment market. Electric meters are crucial for analyzing the total power transmitted and consumed across various applications, which significantly contribute toward the growth of the global market. Furthermore, the trend for electric vehicles is growing significantly and emerging toward the transportation electric fuels vehicles. Countries such as Mexico, India, and America are largely benefited from the established power distribution channels. Furthermore, high frequency of operation for electrical equipment is expected to boost the market growth during the analysis period.

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The main types of electrical equipment are electric lighting equipment, household appliances, power generation, transmission and control equipment, batteries & wires and cables. Home appliances are electrical machines that aid in household functions such as cooking, cleaning, and food storage.

The global electrical equipment market is segmented on the basis of various characteristics. By product type, the market is segmented into wiring devices, batteries & accumulators, electronic & electrical wires, and cables. The demand for energy is increasing from the residential and non-residential users; both the segment contributes largely in the growth of electrical equipment market. Installation of the electrical devices such as ventilators, lighting system, air conditioners, and fire protection majorly augmented the growth of the market. Furthermore, rapid modernization in the electric grid is fueling the demand for electrical equipment. By region, North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa contributing largely in the electrical equipment market growth.

Digital technology such as the internet of things (IoT) and latest communication technologies such as 5G are expected to aid in the development of innovative electronic products. This is expected to increase the demand for electronic products which will ultimately drive the growth of electronic equipment market during the forecast period.

Key players operating in the market:

Monbat, Fincom-2, incotex Group, Legrand, Hellenic Cables, Samel, Emka, Octa light, ABB, Gamakabela, Datecs, Solar LED Powers

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Key benefits of the report

This study presents the analytical depiction of the global electrical equipment market industry along with the current trends and market estimation to determine the imminent investment pockets.
The report represents information related to key drivers, restraints, and opportunities along with detailed analysis of the global electrical equipment battery market.
The current market is quantitatively analyzed from 2022 to 2030 to highlight the market growth scenario.
The report provides a detailed market analysis depending on competitive and how the competition will take shape in coming years.
This report helps users in comprehending the key product segments and their future.

Key Market Segments

By Product

Wiring devices
Batteries and accumulators
Electronic and electrical wires and cables
Others

By End User

Residential
Commercial
Industrial

By Applications

Transformers
Electricity meter
Distribution boards
Circuit Breakers
Others

By Geography

Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific

Coal Mining Market Demand, In-depth Analysis and Estimated Revenue Forecast by 2030

Global Coal Mining Market by Mining Technology, Application, and Region, Global Industry Analysis and Forecast 2022 – 2030 offers assembled trends and predictions to clients. The report delivers a comprehensive overview of the crucial elements of the market and elements such as drivers, current trends of the past and present times, supervisory scenario & technological growth. The report is an intensive investigation portraying the details and the new opportunity appraisal of the market.

The growth of the Asia-Pacific coal mining market is driven by increase in usage of coal in steel manufacturing and electricity generation. However, stringent government regulations towards environmental pollution due to mining activities hampers the market growth. In addition, adverse environmental impact due to production and consumption of coal restricts the market growth.

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The report segments the coal mining market on the basis of mining technology, application, and geography. On the basis of mining technology, the market is bifurcated into surface mining and underground mining. Surface mining is further segmented into strip mining, auger mining, open-pit mining, and mountain removal mining. Room & pillar, longwall mining technologies are considered under underground mining. The applications covered in the study include thermal power generation, steel manufacturing, cement manufacturing, and others. Geographical breakdown of the market includes China, India, Japan, Korea, Australia, and Rest of Asia-Pacific.

This report on global coal mining market is a comprehensive study, which has been developed to serve as an aid for the players in making more informed choices. The report contains in-depth analysis of all the factors that are expected to influence the market during the forecast period, favourably or negatively, and also profiles some of the key companies currently active, for their market share, capacity, and margin. The report also segments the global coal mining market on the basis of type of coal, type of mining, and geography.

Key players operating in the market:

Glencore plc, BHP Billiton Limited, Rio Tinto Group, Vale SA, Anglo American Plc., China Shenhua Energy Company Limited, Freeport-McMoRan Inc., Coal India Limited, Fortescue Metals Group, and Consol Energy Inc.

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Key Benefits

This report provides a quantitative analysis of the current trends and estimations from 2022 to 2030 of the Asia-Pacific coal mining market to identify the prevailing market opportunities.
Major countries in the region are mapped according to individual market revenue.
Comprehensive analysis of factors that drive and restrict the market growth is provided.
The report includes an in-depth analysis of current research & clinical developments within the market is provided with key dynamic factors.
Key players and their key developments in the recent years are listed.

Key Market Segments

By Mining Technology

Surface Mining
Strip Mining
Auger Mining
Open-pit Mining
Mountain Removal Mining
Underground Mining
Room & Pillar
Longwall Mining

By Application

Thermal Power Generation
Steel Manufacturing
Cement Manufacturing
Others

By Geography

Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific

Revenue From the U.S. baby Infant Formula Market is Anticipated to Achieve $6.78 Billion by 2030 at a CAGR of 8.8%.

The U.S. baby infant formula market was valued at $3,889.0 million in 2020, and is projected to reach $6,784.7 million by 2030, registering a CAGR of 8.6% from 2021 to 2030. In 2020, the carbohydrate segment accounted for 56.4% of the market share.

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Based on the insights of various CXOs’ of leading companies, the market has witnessed increase in launch activities and promotion of baby infant formula in the U.S. In addition, recommendation by physicians to use infant formula for babies up to 12 months as a substitute to breastmilk has changed the perception of people, leading to its high consumption. The brand name, level of nutrition, and safety of ingredients play a vital role in influencing the purchase decisions of consumers for baby infant formula products. Americans have gradually become conscious regarding the ingredients, which go into the making of their baby infant formula products, hence, tend to prefer specific trusted brands that cater to their requirements.

In 2020, infant milk accounted for the major market share, and is expected to continue its dominance during the forecast period. CXOs are optimistic about the growth of baby infant formula market in U.S. market, owing to the introduction of organic ingredients in infant products. In addition, hectic lifestyle of people, increase in participation of women in the labor force, and convenience in feeding babies have led to higher consumption of baby infant formula.

Increasing participation of women in the labor force in the U.S. is a key factor driving the growth of the U.S. baby infant formula market. For instance, according to the U.S. Bureau of Statistics, the working women population has increased from 57.1% in 2018 to 57.5% in 2020. The changing lifestyle of the middle-class population due to rapid urbanization and rising disposable is boosting the U.S. baby infant formula market growth. Moreover, it is perceived that baby infant formulas are rich in nutrients and supplements the growth of the baby is another factor driving the U.S. baby infant formula market. Furthermore, increasing health consciousness among the consumers in the U.S. is boosting the demand for the baby infant formula.

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Key Finding of the Report

The Growing-up milk segment would witness the fastest growth, registering a CAGR of 9.7% during the forecast period.
Vitamins segment would witness the fastest growth, registering a CAGR of 14.2% during the forecast period.
Hard Discounter Stores segment would witness the fastest growth, registering a CAGR of 10.7% during the forecast period.
Goat Milk segment would witness the fastest growth, registering a CAGR of 11.1% during the forecast period.

Based on ingredients, the carbohydrate segment contributed to nearly three-fifths of the total market revenue in 2020, and is expected to lead the trail by the end of 2030. The vitamins segment, however, would exhibit the fastest CAGR of 14.2% throughout the forecast period.

Based on distribution channel, the hypermarkets segment held nearly one-third of the total market revenue in 2020, and is expected to lead the trail by the end of 2030. The hard discounter stores segment, simultaneously, would exhibit the fastest CAGR of 10.7% throughout the forecast period.

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The key market players analyzed in the U.S. baby infant formula market report include Arla Foods, Bobbie, Campbell Soups Company, Holle Baby Food AG, Dana Dairy Group, Ltd., Danone S.A., D-Signstore, Else Nutrition Holdings, Inc., Hipp GmbH & Co. Vertrieb KG, Nestle S.A., The Hain Celestial Group, Inc., Abbott Laboratories, Kabrita USA, Nature’s One, LLC., and Reckitt Benckiser Group Plc. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry.

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With a CAGR 11.3% Travel Accommodation Market Size is estimated to rise to $1,974.30 billion by 2031

According to a new report published by Allied Market Research, titled, “Travel Accommodation Market by Type, Animal Type, Application, Price Point, and Mode of Booking: Global Opportunity Analysis and Industry Forecast, 2022–2031,” The travel accommodation market was valued at $632.80 billion in 2021, and is estimated to reach $1,974.30 billion by 2031, growing at a CAGR of 11.3% from 2022 to 2031.

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Travel accommodation refers to establishments used by travelers for the purpose of stay and is regarded as the most basic concern of every traveler. Various accommodations are available for lodging, including hotels, resorts, hostels, vacation rentals, and others. The ideal choice of stay can be determined depending upon multiple factors such as purpose of travel, budget of travel accommodation, availability of the property, and mode of booking. Furthermore, accommodation can be booked through various sources, which include online travel agencies, hotel websites, booking through agents, and direct bookings.

The vacation rentals segment is anticipated to exhibit the highest growth during the travel accommodation market forecast period, as vacation rentals offer budget-friendly and luxury stay options to their tenants. The growth of this segment is further fueled by tourism in emerging markets. Moreover, increase in popularity of vacation rentals such as Airbnb, Homeaway, and Flipkey and rise in business travel trends, especially in Latin America and Africa are projected to propel the market growth. Travel accommodation market trends include the rise in preferences of leisure travel, increasing marketing activities of camping market, and other factors to support the market growth.

Furthermore, vacation rentals enable booking large homes at economical costs, which acts as a key driver among budget-friendly travelers. The growth of the market is primarily driven by development of the tourism & hospitality industry. Individuals worldwide are increasingly exploring niche destinations and travelling across countries to discover untapped regions, which further augments the travel accommodation market growth. In addition, upsurge in business travel due to rise in globalization has majorly influenced the market.

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During the pandemic, a huge fall in the international tourists was recorded. According to the United Nations World Tourism Organization (UNWTO), there was a 73% fall recorded in the international tourist arrivals in 2020. Moreover, the travel accommodation industry was also significantly harmed. Internal business travel and lodging consists of trips between offices within a company, food, trade shows, and conventions. Most of the business enterprises started using online video conferencing platforms that helped in conducting meetings and conferences at a minimal cost, which is reducing the bookings for business travel as well as general travel accommodation worldwide. Moreover, some companies are perceiving business travel as an unnecessary cost and increasing the adoption of ICT and online platforms for conducting meetings as a cost-control measure. Therefore, the loss to the business travel lodging industry may not be fully recovered even in the post-COVID period, due to rise in penetration of ICT technologies.

The global travel accommodation market size is segmented into type, application, price point, mode of booking and region. The type segment comprises hotel, hostel, resort, vacation rental, and others. The applications covered in the study include leisure, professional, and others. On the basis of price point, the market is categorized into economy, mid-range, and luxury. Depending on mode of booking, it is segregated into online travel agency, hotel website, and others. Region wise, it is studied across North America (U.S., Canada, and Mexico), Europe (Germany, Spain, UK, Italy, France, Switzerland, and rest of Europe), Asia-Pacific (India, China, Japan, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

The major players in the global travel accommodation industry that have been analyzed in this report include Marriott International, Hyatt Hotels Corporation, Wyndham Destinations, Hilton Worldwide Holdings Inc., Accor Hotels Group, Radisson Hotel Group, Airbnb Inc., A&O Hotels and Hostels GmbH, Red Lion Hotels Corporation, and Oyo Rooms.

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Key findings of the study

By type, travel accommodation market analysis shows that the vacation rentals segment is expected to grow at a CAGR of 12.4% from 2021 to 2031.
By region, Europe accounted for approximately 39% of the travel accommodation market share of the total in the global travel accommodation market in 2021.
Region wise, Europe is expected to occupy a major share in the travel accommodation market in 2031.
By mode of booking, the online travel agency is expected to grow at a CAGR of 12.9% from 2022 to 2031.
By price point, the luxury travel accommodation segment is expected to grow at the fastest CAGR of 11.8% during the travel accommodation market forecast period.

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