Crude Oil Carriers Market Business Growth, Demand & Investment Opportunities by 2029

The North America region caters for a major fraction of the global oilfield crude oil carriers market due to the increasing number of exploration and drilling activities in the region, especially in countries like the U.S. In addition, the market in the Middle Eastern region is also expected to witness a lucrative growth due to the presence of huge number of oil and gas companies in the region. In 2018, Asia-Pacific and Middle-East countries contributed to the highest demand for crude oil carriers. Middle East countries being the top exporters of crude oil require crude oil carriers at larger extent. The demand for crude oil carriers among the Middle East and Asia-Pacific region has registered an increase by 5% in 2018 as compared to 2017. This data is expected to increase significantly during the forecast period due to surge in crude oil related activities in the developing economies like China, India, and others. Thus, creating lucrative opportunities for the crude oil carriers market during the forecast period.

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With the rapid industrialization across the globe, there is a significant rise in demand for fuel in the market. Thus, in order to fulfil the rising demand of oil and gas, the major companies are manufacturing crude oil carriers at their highest abilities. This is one of the key growth driver uncovering healthy growth opportunities to this market. With the growing crude oil trade, there has been an upsurge in the applications for very large crude carriers (VLCC) and ultra large crude carriers (ULCC) in the market. With growing global trade, adoption of such crude carriers is increasing every year thereby complementing the growth of this market.

However the volatility in crude oil prices might restrain the growth of crude oil carriers market in the coming future. Also, developed countries like the U.S., Australia, Switzerland, and others, are shifting rapidly toward renewable sources of energy such as wind, tidal and geothermal. Thus, making them less dependent on crude oil for energy generation. This may hamper the growth of crude oil carriers market among the developed economies.

COVID-19 scenario analysis:

  • The outbreak of the COVID-19 pandemic has severely affected the global crude oil carriers market.
  • Nationwide lockdowns imposed by several governments to contain the virus, most of the business activities were either slowed down or even put to a halt. This has caused a significant decrease in demand for full across the globe, thereby affecting the crude oil carriers market.
  • Attributed to the wake of COVID-19 pandemic, the overall use of crude oil has decreased to a greater extent. The oil prices have slashed down to $30 per barrel that has lead a fall of nearly 50-85% of oil & gas revenues in 2020 as compared to that of 2019. This is projected to have a negative impact on crude oil carriers market during the COVID-19 scenario.
  •  Also, temporary shutdown of midstream refineries have put a break on the crude oil carriers market due to lockdowns and risk of health infection of workforce during the novel coronavirus pandemic.

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Key benefits of the report:

  • This study presents the analytical depiction of the global crude oil carriers 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 crude oil carriers market share.
  • The current market is quantitatively analyzed from 2021 to 2029 to highlight the global crude oil carriers market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global crude oil carriers market analysis based on competitive intensity and how the competition will take shape in coming years.

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About Us

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

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.

Slickline Services Market Analysis and Demand with Forecast Overview To 2029

In terms of market share, the North American region accounts for the major fraction of the global slickline services market due to the rapid increase in the oil & gas exploration activities in the developed nations such as the U.S. The market in the Middle East and Africa regions is also expected to grow at a significant pace because of the presence of high number of oil & gas industries in the region.

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With the rapid growth in industrialization around the world, there is an ever increasing demand for crude oil in the market. As a result, there is a significant increase in oil & gas exploration activities around the globe. This increase in number of exploration activities has played a major role in the surge in demand for slickline services in the market. The onshore drilling activities are gaining popularity because of low operating costs. To ensure optimum productivity from these wells, several maintenance and other tasks such as removal of wastes and change of downhole plugs need to be carried out. All these activities require slickline services to be performed efficiently for better production rate. Today, several major companies are investing heavily on drilling new wells to meet huge demands for fuel in the market. For instance, ONGC announced their investments for drilling about 200 wells in the state of Assam in India in 2019. Such developments are expected to boost the growth of the slickline services market in the near future. However, the fluctuating prices of crude oil limit the market growth.

Companies covered in the market report are AOS Orwell Ltd., Archer Ltd., Baker Hughes Co., Expro Holdings UK 2 Ltd., Halliburton Co., Pioneer Energy Services Corp., Schlumberger Ltd., Superior Energy Services Inc., Weatherford International Plc and Wellservices BV.

COVID-19 scenarioanalysis:

The outbreak of the COVID-19 pandemic has severely affected the global slickline services market.

  • Because of the nationwide lockdowns and restrictions on national and international transport imposed by the governments, most of the business activities have come to a halt. This has resulted in a drastic fall in the demand for oil & gas around the world and as a result the applications for slickline services decreased significantly.

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Key benefits of the report:

  • This study presents the analytical depiction of the global slickline services 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 slickline services market share.
  • The current market is quantitatively analyzed from 2021 to 2029 to highlight the global slickline services market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global slickline services market analysis based on competitive intensity and how the competition will take shape in coming years.

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About Us

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

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.

Oilfield Casing Spools Market Size, Growth Analysis and Forecast To 2029

With the rapid industrialization, there is an ever increasing demand for fuel across the globe. As a result, the rapid increase in the number of onshore oil and gas exploration activities has played a significant role in driving the growth of the oilfield casing spools market. Moreover, factors such as increase in dependency on pressure pumping solutions and rise in focus on efficient methods for the extraction of crude oil to maximize profit also adds to the surge in demand for casing spools as essential pressure control equipment in the market. On the other hand, there is a rise in deep-water drilling activities in the recent past. Companies such as Shell Brasil Petróleo Ltd. in February 2019 started a Lula North Deepwater project in Santos Basin in Brazil. The rise in popularity of deep-water offshore drilling activities is also expected to boost the growth of the oilfield casing spools market during the forecast period. However, the volatility in the prices of crude oil limits the market growth.

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In terms of market share, the North American region accounts for a significant share of the global oilfield casing spools market with rapid growth in the oil & gas industry in the region. The market in the Middle East and Africa is also likely to witness a lucrative growth in demand for casing spools due to the presence of high number of oil & gas industries in the region.

Companies covered in the market report are Baker Hughes, Delta US Corp. LLC, Jiangsu HongFei Petroleum Machinery Manufacturing Co. Ltd., Schlumberger Ltd., Sentry Wellhead Systems LLC, Shaanxi FYPE Rigid Machinery Co. Ltd., The Weir Group Plc, Uztel SA, Worldwide Oilfield Machine Inc., and Yantai Jereh Oilfield Services Group Co. Ltd.

COVID-19 scenario analysis:

The outbreak of the COVID-19 pandemic has severely affected the oilfield casing spools market.

  • Due to the nationwide lockdowns imposed by the governments to contain the virus, major business activities and the normal outdoor lifestyle of common people were at a halt. This has caused a significant decrease in the demand for fuel and has consequently affected the demand for oilfield casing spools in the market. 
  • Moreover, the exploration activities of major companies were also affected due to the lack of workforce caused as a result of the lockdowns and travel restrictions. This has also caused serious effects on the oilfield casing spools market.

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Key benefits of the report:

  • This study presents the analytical depiction of the global oilfield casing spools 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 oilfield casing spools market share.
  • The current market is quantitatively analyzed from 2021 to 2029 to highlight the global oilfield casing spools market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global oilfield casing spools market analysis based on competitive intensity and how the competition will take shape in coming years.

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About Us

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

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.

High pressure Oil and Gas Separator Market High Trend Opportunities Offers Future Business Growth by 2029

North America region is anticipated to account for the major fraction of the global high pressure oil and gas separators market because of the increasing number of onshore and offshore drilling activities in the region. The oil & gas separator manufacturers in the Asia-Pacific region are conducting R&D activities for enhancing the equipment efficiency and reducing the overall pricing. Moreover, the market in the Middle East and Africa also holds a significant share in the global high pressure oil and gas separators market because of the presence of a large number of oil and gas industries in the region.

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With the rapid industrialization around the world, there has been an ever increasing demand for fuel in different verticals of businesses. Since recent past there has been and observed in the applications for unconventional oil and gas resources especially shale gas. This is one of the major factors responsible for driving the growth of high pressure oil and gas separators in the market. The oil and gas separators play a vital role in separating the gaseous components from the crude oil. In addition, the growing number of oil and gas expansion activities and the increasing installations of onshore facilities for high pressure separators and expected to boost the market in near future. However, the fluctuating prices of crude oil might act as a restraining factor for the market.

Companies covered in the market report are Halliburton, , Schlumberger Limitedm Honeywell International, Kirk Process Solutions, Sulzer Ltd., TechnipFMC plc, Frames Group, Alfa Laval, M-I SWACO and Cameron.

COVID-19 scenario analysis:

  • The outbreak of the COVID-19 pandemic has severely affected the global market.
  • Because of the nationwide lockdowns and restrictions on national and international transport imposed by the governments, most of the business activities have come to a halt. This has resulted in a drastic fall in the demand for oil and gas around the world and as a result the applications for high pressure oil and gas separators decreased significantly.
  • Attributed to the wake of COVID-19 pandemic the overall consumption of crude oil has decreased to a greater extent. The oil prices has slashed down to $30 per barrel that led to fall of nearly 50-85% of oil & gas revenues in 2020 as compared to that of 2019. This is projected to have a negative impact on high pressure oil & gas separators market during the COVID-19 scenario.
  • Also, temporary shutdown of midstream refineries where oil & gas separators are used widely have put a break on the high pressure oil and gas separators market due to lockdowns and risk of health infection of workforce during the novel coronavirus pandemic.

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Key benefits of the report:

  • This study presents the analytical depiction of the global high pressure oil and gas separators 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 high pressure oil and gas separators market share.
  • The current market is quantitatively analyzed from 2021 to 2029 to highlight the global high pressure oil and gas separators market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global high pressure oil and gas separators market analysis based on competitive intensity and how the competition will take shape in coming years.

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About Us

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

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.

Solid Control Equipment Market Size Estimated to Observe Significant Growth by 2029

The major factor that drives the growth of the solid control equipment market is the rise in demand for efficient and environment friendly drilling processes. The solid control equipment not only helps in West control during the drilling process but also reduces the overall cost of drilling and minimizes the applications of synthetic drilling fluids. On the other hand, with the increase in global population, there is a rise in demand for drinking water around the world, which also plays a major role in increasing the number of drilling activities. As a result, the major companies are concentrating on innovations to introduce more efficient solid control equipment, which is expected to boost the growth of the global market during the forecast period. However, the high cost of capital for incorporating solid control equipment is anticipated to hinder the growth of the market.

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The market in the North America region holds a significant share of the global solid control equipment market due to the increase in number of offshore drilling activities and explorations by the developed nations.

Companies covered in the market report are Aker Solutions, BHGE, Clean Harbors, Inc., Derrick Corporation, GN Solids Control, Halliburton, IMDEX LIMITED, Schlumberger Limited, and National Oilwell Varco.

COVID-19 scenario analysis:

The outbreak of the COVID-19 pandemic has severely affected the global solid control equipment market to a great extent.

  • Due to the nationwide lockdowns imposed by the governments to contain the virus, the demand for crude oil and petroleum decreased drastically. As a result the major oil and gas companies were forced to reduce the drilling activities, which caused a reduction demand for solid control equipment in the market.
  • Moreover, several companies had to reduce their drilling activities due to the lack of workforce caused by the stringent regulations on national and international transport. This has also affected the global solid control equipment market to a great extent.

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Key benefits of the report:

  • This study presents the analytical depiction of the global solid control equipment 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 solid control equipment market share.
  • The current market is quantitatively analyzed from 2021 to 2029 to highlight the global solid control equipment market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global solid control equipment market analysis based on competitive intensity and how the competition will take shape in coming years.

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About Us

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

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.

Oilfield Roller Chain Market Latest Advancements and Business Opportunities by 2029

 The North American region accounts for a significant share of the global oilfield roller chain market with rapid growth in the oil and gas industry in the region. The market in the Middle East and Africa is also likely to witness a lucrative growth in demand for casing spools due to the presence of high number of oil and gas industries in the region. The Asia-Pacific region is expected to witness surge in oil & gas consumption during 2022. Thus, increasing the rig count where oilfield roller chain is used primarily will create new opportunities for the market. Also, the global oilfield rolled chain market is expected to reach $430 million by 2022, attributed to the rising production and consumption across the globe.

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The rapid industrial developments and urbanization across the globe has led to an ever increasing rise in demand for fuel in the market. As a result, there is a surge in the number of exploration activities by the different oil and gas companies and this has played a major role in driving the demand for oilfield roller chain across the globe. These roller chains are important in lifting heavy loads during the exploration activities. The single and multi-stranded chains are mainly employed for hosting and mud pump drive operations. Several major manufacturers are investing on developing better quality roller change with high mechanical strength and durability and this is expected to boost the market in near future. However, the oilfield rollers are highly dependent over the exploration and drilling activities. The fluctuating prices of crude oil will eventually lead to the hike in operational cost of drilling & exploration. This may hamper the growth of the global oilfield roller chain market.

Companies covered in the market report are Diamond Chain Company , Tsubakimoto Chain Co., Rexnord Corporation, Emerson Bearing Company, Rombo, Zhejiang Gidi industrial Chain Co., Ltd. Flowtools Middle East LLC, Renold plc, Wippermann jr. GmbH, Daido Kogyo Co. Ltd., Hale Brothers Inc., Hengjiu Group, and Sugiyama Chain Co., Ltd..

COVID-19 scenario analysis:

The outbreak of the COVID-19 pandemic has severely affected the oilfield roller chain market.

  • Due to the nationwide lockdowns imposed by the governments in order to contain the virus, major business activities and the normal outdoor lifestyle of common people were at a halt. This has caused a significant decrease in the demand for full and this has consequently affected the demand for oilfield roller chain in the market. 
  • Moreover, the exploration activities of major companies were also affected due to the lack of workforce caused as a result of the lockdowns and travel restrictions. This has also caused serious effects on the oilfield roller chain market.
  • Also, demand and supply chain disruptions during the COVID-19 period may lead to price changes of the oilfield roller chain market. This may restrain the new players from entering into the market due to high investment risks and other economic constrains.

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Key benefits of the report:

  • This study presents the analytical depiction of the global oilfield roller chain 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 oilfield roller chain market share.
  • The current market is quantitatively analyzed from 2021 to 2029 to highlight the global oilfield roller chain market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global oilfield roller chain market analysis based on competitive intensity and how the competition will take shape in coming years.

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About Us

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

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.

Smart Grid Market To Witness Comprehensive Growth By 2025

Increase in concerns regarding environmental protection and growth in adoption of smart grid technology to perk up efficiency in energy conservation & consumption propel the growth of the global smart grid market.

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On the other hand, lack of tuning & adjustment and rise in privacy & security concerns curtail down the growth to some extent. However, increase in the number of electric vehicles and upcoming smart cities projects in developing regions are expected to usher in lucrative opportunities in the industry.

According to the report published by Allied Market Research, the global smart grid market was estimated at $66.96 billion in 2017 and is expected to hit at $169.18 billion by 2025, registering a CAGR of 12.4% from 2018 to 2025.

Based on component, the solution segment contributed to more than three-fourths of the total market share in 2017, and is expected to lead the trail by the end of 2025. The services segment, on the other hand, would manifest the fastest CAGR of 13.9% during the estimated period. 

Based on region, North America accounted for nearly half of the total market revenue and is projected to maintain the lion’s share till 2025. Simultaneously, the region across Asia Pacific would garner the fastest CAGR of 16.1% from 2018 to 2025. The other two provinces analyzed across the report include Europe and LAMEA.

The market report is also segmented by application and end-user. Based on application, the report is further divided into generation, transmission, distribution, and consumption. Based on end-user, the report categorizes the market into residential, commercial, and industrial.

The key market players analyzed in the global smart grid market report include General Electric, Tech Mahindra Limited, International Business Machines Corporation (IBM), Itron Inc., Oracle, Schneider Electric, Siemens, Cisco Systems, Inc., Honeywell International Inc, and Wipro Limited.

These market players have taken recourse to several strategies including partnership, expansion, collaboration, joint ventures, and others to prove their bent in the industry.

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Thanks for reading this article; you can also get an individual chapter-wise section or region wise report versions like North America, Europe, or Asia.

If you have any special requirements, please let us know and we will offer you the report as per your requirements.

Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

About Us:

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

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.

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Mobile Wallet Market: Massive Margin Growth Strikes During 2027

Increase in number of mobile subscribers across the globe, rise in the adoption of mobile wallet as digital payment-based business model among digital applications, and upsurge in government initiatives to drive cashless economy fuel the growth of the global mobile wallet market. On the other hand, concerns associated with fraudulence transactions and data security restrain the growth to certain extent.

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Nevertheless, an increase in usage of mobile point of sale (POS) devices and NFC-enabled handsets and growing inclination toward mobile banking & inventive mobile payment application are anticipated to pave the way for numerous opportunities in the industry.

According to the report, the global mobile wallet market was pegged at $1,043.1 billion in 2019, and is projected to reach $7,580.1 billion by 2027, growing at a CAGR of 28.2% from 2020 to 2027.

By type, the remote segment held the largest share in 2019, accounting for nearly three-fifths of the global mobile wallet market, owing to the high popularity of smartphones and rise in trend of purchasing digital and physical goods via mobile wallet account.

However, the proximity segment is expected to register the highest CAGR of 29.8% during the forecast period, due to increase in number of smartphone users along with the emergence of NFC equipped devices for transport ticketing purposes.

By application, the telecommunication segment is expected to register the highest CAGR of 35.0% during the study period. However, the retail segment held the largest share in 2019, accounting for more than one-third of the global mobile wallet market, due to the emergence of e-commerce in the developing countries.

The market across Asia-Pacific held the largest share in 2019, contributing to more than two-fifths of the market. Moreover, the region is expected to register the highest CAGR of 30.5% during the forecast period, owing to the drastic shift to digitalization and internet capabilities in the region. On the other hand, the global mobile wallet market across North America held more than one-fourth of the market in 2019.

The key market players analyzed in the global mobile wallet market report include American Express Banking Corp., Alipay.com, VISA Inc., Apple Inc., AT&T Inc., Google Inc., Mastercard Incorporated, PayPal Holdings, Inc., Amazon Web Services Inc., and Samsung Electronics Co., Ltd.

These market players have adhered to several strategies including partnership, expansion, collaboration, joint ventures, and others to corroborate their stand in the industry.

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Thanks for reading this article; you can also get an individual chapter-wise section or region wise report versions like North America, Europe, or Asia.

If you have any special requirements, please let us know and we will offer you the report as per your requirements.

Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

Related Reports:

  1. Mobile 3D Market

2. Crypto Asset Management Market

About Us:

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

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.

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Clinical Diagnostics And Drug Discovery Is Expected To Drive The Lab Automation Market Growth

According to a new report published by Allied Market Research, titled, “Lab Automation Market: Opportunity Analysis and Industry Forecast, 2020–2027,” Lab Automation Market is expected to grow in upcoming years due to factors such as miniaturization of process and rise in demand for lab automation equipment in drug discovery and clinical diagnostics.

Lab automation or laboratory automation helps in developing and optimizing technologies regarding clinical and research laboratories. Lab automation helps in achieving higher level of performance in lesser time. It has assisted in rise of productivity and decreasing the lab process cycle times and elevating the experimental data quality and allowing easy experimentation. The lab automation system includes development of laboratory information (management systems) and advancement of pre and post analytical automation. Thus, lab automation technology is expected to achieve higher level performance for the market.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐏𝐃𝐅 𝐁𝐨𝐮𝐜𝐡𝐞𝐫: https://www.alliedmarketresearch.com/request-sample/9871

COVID-19 Impact Analysis:

To take care of infected population the demand for medical supplies is increasing. Respiratory support devices such as atomizer, life-support machine, oxygen generator, and monitor are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. With rise in number of COVID-19 cases worldwide, the need for medical supplies keeps on rising among, both from healthcare professionals and civil population for precautionary measures. Manufacturers of these products have a chance to capitalize this increased demand of medical supplies to ensure adequate and continuous supply of personal protective equipment in the market. Considering these factors, COVID -19 is expected to have significant impact on Lab Automation Market.

𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲: https://www.alliedmarketresearch.com/purchase-enquiry/9871

The key players profiled in this report include PerkinElmer, Tecan Group, Danaher (Beckman Coulter & Molecular Devices), Hamilton Robotics, Thermo Fisher Scientific, Agilent Technologies, Abbot Diagnostics, Eppendorf, Roche Diagnostics, Siemens Healthcare, QIAGEN.

𝐊𝐞𝐲 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬:

  • This study presents the analytical depiction of the Global Lab Automation Market along with the current trends and future estimations to determine the investments.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Lab Automation   Market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the Lab Automation Market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed Lab Automation Market analysis based on competitive intensity and how the competition will take shape in coming years.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧: https://www.alliedmarketresearch.com/request-for-customization/9871

𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

North America and Europe Menstrual Cup Market: https://www.alliedmarketresearch.com/north-america-and-europe-menstrual-cup-market-A06126

Surgical Robotic System Market: https://www.alliedmarketresearch.com/surgical-robotic-systems-market-A06827

Surgical Drains Market: https://www.alliedmarketresearch.com/wound-drainage-surgical-drains-market-A07517

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

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.

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

Contact:  

David Correa
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205, Portland, OR 97220
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Smart Poles Market to Record High Demand by 2022 – 2029

Smart poles are rapidly being adopted under ‘smart city’ initiative in developing nations. In addition, governments of developed countries are focused on improvising experience of people while they are in public places by offering web connectivity on streets.

These initiatives by governments for smart solutions drives growth of the smart pole market. In addition, smart poles are equipped with smart sensors and video cameras helpful for decreasing overcrowding and traffic, which lets vehicle drivers to drive safely on roads. Rise in fondness for cab services among customers continues to raise demand for internet use for tracking directions.

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This advantage of reduction in traffic jams and accidents prevention also drives demand for smart pole solutions. However, higher investments in smart poles as compared to traditional poles hinder the market growth. On the other hand, use of IoT technologies in smart poles are expected to be opportunistic for the market. 

With introduction of the 5G era, various IoT devices are becoming better connected, including lighting facilities across cities. For limited coverage and high speed of 5G technology, numerous base stations are required to be installed to guarantee adequate coverage as well as build connections for various use cases such as ultra-reliable low-latency communication (URLLC)-based autonomous driving.

Road and street lighting poles are a perfect place to place these 5G base stations. These lighting poles can be controlled within 5G-enabled smart city networks, along with other connected devices and sensors.

Key benefits of the report:

  • This study presents the analytical depiction of the global smart pole 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 smart pole market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global smart pole market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global smart pole market analysis based on competitive intensity and how the competition will take shape in coming years. 

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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll-Free: 1-800-792-5285
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
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