Medium Voltage Cable Market Size to Hit $49.1 Billion by 2030, at a CAGR of 5.6%

According to a new report published by Allied Market Research titled, “Medium voltage cable Market by Voltage, Product, Installation, End User, and Region: Global Opportunity Analysis and Industry Forecast, 2021–2030,”. The global medium voltage cable market size was valued at $28.5 billion in 2020, and is projected to reach $49.1 billion by 2030, growing at a CAGR of 5.6% from 2021 to 2030. 

Rise in demand for mobile & laptops in this decade led to increase in demand for wired chargers, which act as the major driving factor for the market. In addition, surge in demand for electric vehicle boosts the demand for medium voltage cable. Moreover, every country is planning to transform the crude vehicle into electric and this transformation has led to increase in demand for medium voltage cable and may act as the major driving factor for the growth of the market. Furthermore, the governments of every provide subsidies such government of India & Japan want new cars to be electrified to become carbon neutral by 2050, electric vehicles have become more of a necessity for the countries to meet these targets.

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The medium voltage cable market is segmented on the basis of voltage, product, installation, end-user, and region. By product, the market is categorized into Up to 25kV, 26kV-50kV, 51kV-75kV, and 76kV-100kV. On the basis of installation, it is divided into underground, submarine, and overhead. On the basis of end-user, it is classified into industrial, commercial, and utility. Region wise, it analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The global medium voltage cable market analysis covers in-depth information about the major industry participants. The key players operating and profiled in the medium voltage cable industry report include Brugg Cables, Eland Cables Ltd., Hellenic Cable Industry S.A., Leoni, Nexans, NKT Cables, Prysmian SpA, Southwire, Sumitomo Electric Industries, and TPC Wire and Cable Corporation.

The global medium voltage cable market is analyzed and estimated in accordance with the impacts of the drivers, restraints, and opportunities. The period studied in this report is 2020–2030. The report includes the study of the market with respect to the growth prospects and restraints based on the regional analysis. The study includes Porter’s five forces analysis of the industry to determine the impact of suppliers, competitors, new entrants, substitutes, and buyers on the market growth.

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Impact Of Covid-19 On The Global Medium Voltage Cable market

Sale of medium voltage cable is directly proportional to sale of mobiles, tablets, and other gadgets. Global companies such as Philips, Panasonic, Sony, Canon, Nikon, Casio, Pioneer and others, have a significant share in the manufacturing of mobiles, camera, smartwatches and others. The gadget (mobile, tablets, except laptop) industry has been negatively impacted amid the lockdown imposed due to the COVID-19 outbreak and recorded a huge decline in sale of mobiles & tablets in 2020, which also led to decline in sale of medium voltage cable.


The spread of the coronavirus had a severe impact on global economy through declines in exports, output, demand from overseas tourists and private use. The major exporter of electronic items and decrease in demand for electronics led to decline in demand for medium voltage cable and shows a huge decline in the market.
Electric cars charging system is the major market for medium voltage cable market, however due to the heavy cost of electric cars, the sales of electric car declined in COVID-19 situation, which also led to decline in the sales of medium voltage cable market.


COVID-19 impacted almost all industries by hindering various industrial operations and disrupting the supply chain. Maximum companies halted their operation due to fewer workforces. However, there was a sluggish decline in the global medium voltage cable market due to impact of COVID-19.


The electronic industry acquired a significant share in terms of consumption of medium voltage cable. Attributed to the outbreak of COVID-19 pandemic, the demand for electronic items such as laptops has increased owing to increase in work from home culture, which in turn has increased the demand for medium voltage cable also.


Furthermore, import and export activities were significantly impacted, which, in turn, adversely affected the industries using medium voltage cable, thereby affecting the global medium voltage cable market.


According to the UNIDO, 30.0%–70.0% of pre-COVID-19 workforce of various industries, such as electrical and other third-party vendors migrated to their hometowns due to uncertainties and loss of income during the lockdown. This unavailability or less availability of workforce is expected to directly affect the production and manufacturing activities, thereby resulting in decline in demand for raw materials used in medium voltage cable. This is expected to decline the growth of the market during the forecast period.
The automotive production garners a major share in terms of usage of medium voltage cable. The automotive industry has been negatively impacted amid the lockdown imposed due to COVID-19 outbreak and recorded decline in vehicles on road (passenger & commercial) in 2020. This has further declined the medium voltage cable demand owing to disrupted supply chain, which, in turn, hampered the global medium voltage cable market.


After the reopening of lockdown, people are avoiding use of public transport, and a significant share of people purchased their own car to travel, which led to increase in demand for car and car battery terminal wiring that also plays a wide role in medium voltage cable market. However, after lockdown it shows positive impact on sales on medium voltage cable.

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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.

Captive Power Generation Market to Hit $823.1 billion by 2030, at a CAGR of 5.3%

Captive Power Generation Market

According to a new report published by Allied Market Research, titled, “Global Captive power generation market by application and by End Use: Global Opportunity Analysis and Industry Forecast, 2020-2030,” The global captive power generation market was valued at $494.7 billion in 2020, and is projected to reach $823.1 billion by 2030, growing at a CAGR of 5.3% from 2021 to 2030.

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Residential and commercial construction projects are on rise in developing countries, and developed countries have a significant impact on stationary power generation. An increase in infrastructure activities will escalate the demand for steel and cement. The growing demand for these raw materials for infrastructure development will drive the demand for captive power generation to meet the needs of the growing construction market trends. Rapid innovation in renewable energy sources and government regulation to go zero carbon by 2050 are the key drivers of capital investment in solar, tidal, and wind. However, continuous fluctuations in the prices of crude oil and the political impact on the export of the crude oil and related petroleum products hamper the growth of the captive power generation market.

The global captive power generation market is segmented into technology type, fuel type, ownership, end use, and region. Depending on technology type, the market is categorized into heat exchanger, turbines, gas engines, transformers, and others. In terms of value, the gas engines segment accounted for the largest share in 2020. On the basis of fuel type, the global captive power generation market is categorized into diesel, gas, coal, and others. In terms of value, the coal segment accounted for the largest share in 2020.

By ownership type, the market is bifurcated into single and multiple. In terms of value, multiple segment accounted for the largest share in 2020. The end uses of captive power generation market includes residential, commercial, and industrial. In terms of value, the industrial segment accounted for the largest share in 2020.

Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. North America accounted for the largest share of the market in 2020, with Asia-Pacific being the fastest growing region. The major companies profiled in this report include ADC LLC, ArcelorMittal S.A., Clarke Energy, General Electric Company, Hindalco, Kohler Co., PBS Group, Reliance Industries, Siemens, and Wartsila.

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Key findings of the study

By region, Asia-Pacific accounted for the largest market share in 2020.
By Technology type, the gas engine segment holds the largest market share in 2020.
By Fuel type, coal segment holds the largest market share in 2020.
By ownership, multiple ownership segment holds the largest market share in 2020.
By End-use, industrial segment accounted for the largest captive power generation market share in 2020.

Impact Of Covid-19 On The Global Captive Power Generation Market

Emergence of COVID-19 had a negative impact on the growth of the global Captive power generation market during this period.
This impact is mostly attributed to the significant disruptions in the raw material transportation, presence of low-labor, led to shutdown of many manufacturing industries led to decline of demand for Captive power generation during this period.
The decrease in demand for many non-essential products and shut down of construction and tourism related industries have created a negative impact on the development of global Captive power generation market.
Thus, the abovementioned factors are expected to have negative impact the global captive power generation market growth during the pandemic period.

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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.

At a Booming 24.3% Growth Rate: Fitness App Market Generating Revenue of $120.37 Billion by 2030

Technological advancements in AI and machine learning and increased disease prevalence of hypertension, cardiac problems, and obesity are expected to unlock new opportunities for the market players in the future. Rise in emphasis on maintaining a healthy lifestyle, surge in awareness about diet-related diseases, and increase in use of smartphones, wearables, and tablets drive the global fitness apps market. 

Major market players such as – Aaptiv Inc, Addias, Azumio, Inc., Fitbit LLC., FitnessKeeper, MyfitnessPal, Inc., Nike, Inc., Noom Inc., an Under Armour, Inc.

The global fitness apps market was accounted for $13.78 billion in 2020, and is expected to reach $120.37 billion by 2030, growing at a CAGR of 24.3% from 2021 to 2030.

By region, the market across North America held the largest share in 2020, accounting for more than one-third of the market, owing to the growth in popularity of fitness apps among the younger population. However, the global fitness apps market across Asia-Pacific is projected to manifest the highest CAGR of 26.3% during the forecast period, due to rise in application of data analytics in fitness such as evaluating and developing fitness or yoga programs, detecting anomalies in scans, and predicting outbreaks.

By device type, the smartphone segment held the largest share in 2020, accounting for more than half of the global fitness apps market, due to ease-of-use, social influence, goal-setting, self-efficacy, and self-monitoring provided by smartphones. However, the wearable devices segment is expected to register the highest CAGR of 25.5% during the forecast period, owing to trend of wearable technology among the youth.

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By operating system, the Android segment would showcase the highest CAGR of 26.1% from 2021 to 2030, due to rapid adoption of android devices among the young generation of developing nations. However, the iOS segment held the largest share in 2020, contributing to more than half of the global fitness apps industry, as it offfers a better premium class plans.

Covid-19 scenario:

  • The Covid-19 pandemic favored the demand for fitness apps due to increase in implementation of lockdown by the government in the majority of countries and rise in adoption of digital solutions by gyms and studios.
  • The shift to remote work increased the demand for fitness apps to improve health and immune system to prevent Covid-19 infection.

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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. 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 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, and 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.

Instrument Transformers Market Latest Advancements and Business Opportunities by 2030

The global instrument transformers market was valued at $7.0 billion in 2020, and is projected to reach $13.0 billion by 2030, growing at a CAGR of 6.5% from 2021 to 2030. Instrument transformers are electrical devices that are used to isolate or transform voltage into current levels with higher degree of accuracy. These devices are also used to measure different electrical parameters, including voltage, frequency, current, and power factor in AC systems. They offer several advantages, such as standardization of measuring instruments as well as reduction of measuring costs, assuring safety of operators and creating multiple connections through a single transformer to the power system.

Rise in need for electricity, coupled with rise in concerns pertaining to grid stability boost the global instrument transformers market. Growth in interest toward rural electrification in line with renovation of existing grid network are expected to favor toward authorities to incorporate an efficient protection and monitoring mechanism. Thus, rise in grid complexities across electric infrastructure in conjunction with emerging peak electricity demand from end-users foster the market growth.

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However, rise in competition from the unorganized sector of the instrument transformer market is expected to hamper growth of the instrument transformers market during the forecast period. Furthermore, rise in investments in transmission & distribution infrastructure is expected to provide growth opportunities for the market during the forecast period.

By type, the global instrument transformers market size is studied across current transformers, potential transformers, and combined instrument transformers. The current transformers segment accounted for the largest market share in 2020, owing to surge in its demand across the globe as it operates under short circuit conditions and carries full rated current of electrical network on the primary side. The current transformers segment dominated the global market with more than two-fifths of the total market share in 2020.

By voltage, the global instrument transformers market is studied across distribution voltage, sub-transmission voltage, high voltage transmission, extra high voltage transmission, and ultra-high voltage transmission. The high voltage transmission segment accounted for the largest market share in 2020, as instrument transformers offer electrical protection against overload currents, insulation failure, and emergency switching for residential and commercial infrastructures. The high voltage transmission segment dominated the global market with more than one-fourth of the total market share in 2020.

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By application, the global instrument transformers market is studied across transformer and circuit breaker bushing, switchgear assemblies, relaying, and metering and protection. The metering and protection segment emerged as the leader in 2020, owing to growth in investments in renewable power generation, electrification of transport systems, and expansion of electrical transmission and distribution systems. The metering and protection segment dominated the global market with nearly one-third of the total market share in 2020.

By end-user, the global instrument transformers market is studied across power utilities, power generation, railways & metros, industries, and OEMs. The power utilities segment emerged as the leader in 2020, owing to refurbishment of aging power infrastructure. The power utilities segment dominated the global market with more than half of the total market share in 2020.

Region-wise, the global instrument transformers market is studied across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for a major instrument transformers market share in 2020, owing to increased power consumption, government initiatives to increase power generation capacity using renewable energy sources, and replacement of aging power plants are expected to drive the market in the region. The Asia-Pacific dominated the global market with more than two-fifths of the total market share in 2020.

The major players studied and profiled in the global instrument transformers industry are ABB, General Electric, Schneider Electric, Siemens, CG Power and Industrial Solutions Ltd, Mitsubishi Electric Corporation, Instrument Transformer Equipment Corporation, Arteche, Nissin Electric, and Bharat Heavy Electrical Limited.

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COVID-19 scenario:

  • The outbreak of the COVID-19 pandemic led to global lockdown which gave way to temporary closure of manufacturing facilities of almost all industries around the world. This factor hampered the consumption of electricity across the world.
  • However, the global situation is getting better at a slow & steady pace, and the market is anticipated to revive soon.

Key findings of the study

  • In 2020, Asia-Pacific dominated the global instrument transformers market with around 43% share, in terms of revenue. In addition, it is also projected to grow at the highest CAGR of 7.4% in terms of value.
  • The current transformers segment dominated the global instrument transformers market with around 43.4% of the share in terms of revenue.
  • The potential transformers segment is projected to grow at the highest CAGR of 6.9% in terms of revenue.
  • The high voltage transmission segment dominated the global instrument transformers market with around 27.3% of the share in terms of revenue
  • The distribution voltage segment is projected to grow at the highest CAGR of 7.4% in terms of revenue.
  • The metering and protection segment dominated the global instrument transformers market with around 32.9% of the share in terms of revenue.
  • The switchgear assemblies segment is projected to grow at the highest CAGR of 7.0% in terms of revenue.
  • The power utilities segment dominated the global instrument transformers market with around 57.4% of the share in terms of revenue. In addition, it is also projected to grow at the highest CAGR of 6.8% in terms of value.

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.

U.S. Forklift Battery Market Foreseen to Draw a Promising Growth of $1.306 billion by 2027

The U.S. forklift battery market was valued at $822.2 million in 2019, and is projected to reach $1,306.6 million by 2027, growing at a CAGR of 7.1% from 2020 to 2027. Forklift battery is used to power the electric forklifts for proper material handling in various applications, including warehouses, manufacturing, construction, and others. Forklift batteries are classified on the basis of type, including lithium-ion, lead-acid, fuel cell, absorbed glass mat, and others. In the above-mentioned industries, there is need of material handling equipment for loading and unloading of materials & products, which is fulfilled with the help of electric forklifts.

Emergence of fuel cell forklifts as an alternative to the electric forklift is the key factor driving the growth of the U.S. forklift battery market in the upcoming years. In addition, expanding warehouse spaces & the manufacturing industry is projected to fuel the growth of the forklift battery market in the U.S. However, high initial cost associated with lithium ion battery is expected to hamper the growth of the U.S. forklift battery market in the upcoming years. Conversely, growth in penetration of green logistics is the key factor expected to create opportunity in the U.S. forklift battery market from 2020 to 2027.

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Depending on type, lead acid battery segment held the highest market share of around 77.7% in 2019, and is expected to maintain its dominance during the forecast period. This is owing to rise in demand for material handling equipment from manufacturing process, warehouses, construction, retail & wholesale, and others. Moreover, lead acid batteries possess high load bearing capacity and high discharge rate, which in turn acts as the driving factors in the growth of the lead acid forklift battery market in the U.S.

On the basis of battery capacity, the 0-600 Ahr segment holds the largest share, in terms of revenue, and is expected to maintain its dominance during the forecast period. This growth is attributed to increase in demand for light weight forklifts from various applications such as retail, wholesale, and other light load applications is expected to drive the growth of the U.S. forklift battery market during the forecast period. In addition, there is rise in use of electric motor rider trucks, narrow aisle trucks, hand trucks, and other light capacity forklifts, which in turn increases the demand for forklift batteries with capacity ranging from 0 to 600 Ahr.

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On the basis of application, the warehouses segment holds the largest share, in terms of revenue, and is expected to grow at a CAGR of 7.6%. This is owing to increase in demand for material handling equipment from warehouses for loading, unloading, and handling of materials or products in various industries. Technological advancements and their incorporation in the warehouse material management is another factor that fuels the growth of this segment.

The U.S. forklift battery market analysis covers in-depth information of the major industry participants. The key players operating and profiled in the report include Crown Equipment Corporation, East Penn Manufacturing Company, Enersys, Storage Battery Systems, LLC, Exide Technologies, Flux Power Holdings, Inc., Total SE, Bulldog Battery Corporation, OneCharge, and ForeverPure Corporation.

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Other players operating in the value chain of the U.S. forklift battery market are NITCO, American Battery Company, Power Battery Company, Inc., Dyno Battery, Inc., Union Battery Corporation, and others.

COVID-19 impact on the market

The U.S. forklift battery market is anticipated to witnessing steady and sluggish growth for the year 2020, owing to the outbreak of the COVID-19 pandemic. The outbreak has negatively impacted various industries across the country. In addition, ongoing projects from various industries such as construction, oil & gas, manufacturing, and others are on hold or cancelled, which has affected the sales of material handling equipment. This further resulted in restraining the growth of the forklift battery market till the effect of pandemic becomes less. According to the U.S. Census Bureau, U.S. retail sales rose by 1.2% in July 2020, which is expected to drive the market growth. Thus, it is estimated that step-by-step end of the lockdown will boost the economy, which in turn is expected to fuel the forklift battery market in the U.S. in the upcoming year. 

Key Findings of The Study

  • In 2019, the lead acid battery segment accounted for majority of the share of the U.S. forklift battery market, and is expected to maintain its lead throughout the forecast period. 
  • In 2019, the lead acid battery segment accounted for around 77.7% of the share in the U.S. forklift battery market, and is expected to maintain its dominance till the end of the forecast period.
  • In 2019, the 0-600 Ahr battery capacity segment is accounted for 62.8% market share in 2019, and is anticipated to grow at a rate of 7.2% in terms of revenue, increasing its share in the U.S. forklift battery market.
  • Warehouses is the fastest-growing segment in the U.S. forklift battery market, expected to grow at a CAGR of 7.6% during 2020–2027.
  • In 2019, warehouses dominated the U.S. forklift battery market with more than 29.2% of the share, in terms of revenue

About us:

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client’s insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

B2B Telecommunication Market – Industry Sees Promising Growth in Coming Years

Rise in adoption of IoT, surge in need for B2B telecommunication among governmental & private organizations, and increase in urbanization & industrialization across the globe drive the global B2B telecommunication market. Integration of novel technologies would unlock new opportunities for the market players in the future.

Key industry players – Amdocs, AT& T, Inc., Cisco Systems, Inc., Comarch S.A., Deutsche Telekom AG, NTT Communication, Orange S.A., Telefonica, S.A., Vodafone Group PLC, and Verizon.

The global B2B telecommunication market was pegged at $46.36 billion in 2020, and is estimated to generate $181.35 billion by 2030, growing at a CAGR of 14.8% from 2021 to 2030.

By region, the market across North America held the largest share in 2020, contributing to around one-third of the market, due to increase in adoption of IoT and cloud-based products. However, the global B2B telecommunication industry across Asia-Pacific is anticipated to portray the highest CAGR of 16.1% during the forecast period, owing to the presence of several large-scale manufacturers and availability of high-speed communication networks across the region.

By enterprise size, the SMEs segment would register the highest CAGR of 15.9% during the forecast period, owing to the presence of small and medium-scale organizations and rise in need to enhance telecommunication systems among the SMEs to increase their business reach. However, the large enterprise segment held the largest share in 2020, accounting for nearly two-thirds of the global B2B telecommunication market, as it helps in auto-attendant and calls transferring.

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By industry vertical, the BFSI segment dominated the market in terms of revenue in 2020, contributing to around one-fourth of the global B2B telecommunication market, as it allows leading banks to securely process unique transactions as per business requirements in a day. However, the media and entertainment segment is projected to register the highest CAGR of 17.7% from 2021 to 2030, as it offers secure communication solution, which enables media houses to contact with big media houses and producers.

Covid-19 scenario:

  • The Covid-19 pandemic encouraged the demand for B2B telecommunication due to lockdown restriction imposed by the government and adoption of work from home culture.
  • The majority of the companies adopted B2B telecommunication to transmit information in several forms including voice, sound, text, and video.

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Lastly, this report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on 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 to make strategic business decisions and achieve sustainable growth in their respective market domain.

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, and 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.

At 9.1% CAGR, High-Performance Actuators Market To Garner $5.7 billion by 2030

The global high-performance actuators market size was valued at $2.4 billion in 2020, and is projected to reach $5.7 billion by 2030, growing at a CAGR of 9.1% from 2021 to 2030. High-performance actuator is defined as actuator having a high duty cycle. Duty cycle is the ratio of on-time to off-time, usually expressed as a percentage. High-performance actuators thus help delivering high force with enhanced accuracy. Depending on the applications, they are available in a variety of types, sizes, and power combinations.

Nearly all of the major industries rely upon automatic equipment to attain results. With the growing usage of automatic equipment/systems, the demand for high-duty actuators has increased significantly, which plays a crucial role in the automation process. Actuators, which might be liable for moving, controlling, or positioning a mechanism or system make the operating of automatic system seamless and easy. In case of robotics, producers have the ability to reduce repair time and minimize errors. As a result, overall performance of actuation produces responses that are more accurate and faster. These are some of the factors will help to boost the high-performance actuators market growth during the forecast period.

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The global high-performance actuators market analysis is conducted on the basis of type, application, end use, and region. On the basis of type, the global market is classified into rotary and linear. The rotary segment accounted for the largest revenue share in the global market in 2020, and is estimated to grow at a CAGR of 8.6%. The linear segment is projected to grow at the highest CAGR of 10.7%, owing to its wide-scale application in the industrial sector. On the basis of application, the market is segregated into industrial automation, vehicles & equipment, robotics, and others. The industrial automation segment garnered the largest high-performance actuators revenue share in 2020, and is projected to grow at a CAGR of 8.4%. However, the vehicles & equipment segment is projected to grow at the highest CAGR of 10.0% from 2021 to 2030, due to increase in demand for automotive and industrial equipment. End uses of actuators include industrial, automotive, military & defense, and others. The others segment is projected to grow at the highest CAGR of 9.7%, owing to surge in demand for actuators in agricultural machinery and food & beverage sectors.

The major companies profiled in high-performance actuators market include Linak, TiMaOTION Technology Co. Ltd., Ewellix, Ultra Motion, and SKF.  

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Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific acquired the largest market share in 2020. However, both Europe and Asia-Pacific are projected to grow at the fastest CAGR of 9.2% from 2021 to 2030, owing to increase in trend of industrial automation and use of robotics in various sectors in countries such as Germany, India, and China.

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COVID-19 scenario-

  • Extended lockdown, tour bans, and commercial enterprise shutdowns disrupted the normal activities of a lot of industries across the world, which in turn dwindled the demand for high performance actuators to a significant extent, thereby impacting the global market badly.
  • However, the global situation is getting better at a slow and steady pace, and the market is projected to revive soon.

Key findings of the study

  • Region wise, Asia-Pacific is projected to grow at the highest CAGR of nearly 9.2%, in terms of revenue, during the forecast period.
  • On the basis of type, the linear segment is anticipated to witness the high growth rate of 10.7%, in terms of revenue.
  • Depending on application, the industrial automation segment is anticipated to exhibit high growth rate of 8.4%, in terms of revenue, during the forecast period.
  • By end use, the others segment is anticipated to witness significant growth rate of 9.7%, in terms of revenue.

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.

E-learning Market in Asia is Projected to Garner $162.15 Billion by 2030 | CAGR of 15.7%

Time and cost-effective of e-learning and more personalized learning prospects are anticipated to offer lucrative opportunities in the industry. Remote learning trends enforced by the pandemic and rise in adoption of smartphone and cellular technology are the major factors that drive the growth of the Asia E-learning market.

Major market players such as -Adobe Systems Inc., Aptra Inc., Articulate Global Inc.,Certpoint systems Inc,. Cisco systems Inc, Citrix Education Inc., D2L Corporation, Microsoft Corporate, Oracle Corporation, and SAP SE.

The E-learning market in Asia was estimated at $38.25 billion in 2020 and is expected to hit $162.15 billion by 2030, registering a CAGR of 15.7% from 2021 to 2030.

The Asia E-learning market is analyzed across provider, mode, courses, and end-user. Based on the provider, the content segment accounted for more than three-fourths of the total market share in 2020, and is expected to rule the roost by 2030. The services segment, however, would garner the fastest CAGR of 17.1% throughout the forecast period.

Based on country, the market across China held the major share in 2020, garnering more than three-fifths of the market. Simultaneously, the market across India would manifest the fastest CAGR of 23.2% throughout the forecast period. The other provinces discussed in the report include Japan, South Korea, and Sri Lanka.

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Based on mode, the cloud segment contributed to around three-fourths of the total market revenue in 2020, and is projected to lead the trail by 2030. In addition, the same segment would exhibit the fastest CAGR of 16.0% during the forecast period. The report also studies on-premise segment.

Impact of COVID-19 on online Learning Market in Asia (Pre and Post Analysis)

  • In wake of COVID-19 pandemic, the Asia e-learning market has established a positive correlation strongly supported by four major factors including technology, government initiatives, blended learning, and penetration rate.
  • The shutdown of colleges, schools, and other learning mediums during COVID-19 pandemic created multiple opportunities for e-learning, thereby increasing its adoption among the people.

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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. 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 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, and 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.

Emission Management Software Market Size is Projected to Reach $43.6 Billion by 2030 – Exclusive Research Report by AMR

An increase in demand for emission monitoring and effectiveness of tracking and management capabilities drive the growth of the global emission management software market. Focus on the implementation of sustainability solutions presents new opportunities in the coming years.

Major industry players – Accenture, CA, Inc., Enviance, Carbonetworks, Greenstone Carbon Management, Foresite Systems, IBM, Hara, SAP, and Symantec.

The global emission management software market generated $10.4 billion in 2020 and is estimated to reach $43.6 billion by 2030, witnessing a CAGR of 15.7% from 2021 to 2030.

The report offers detailed segmentation of the global emission management software market based on components, industry, and region.

Based on region, North America held the highest share in 2020, accounting for more than two-fifths of the total share, and is estimated to maintain its dominance in terms of revenue by 2030. However, Asia-Pacific is projected to witness the fastest CAGR of 17.3% during the forecast period.

Based on components, the software segment accounted for the highest share in 2020, contributed to more than four-fifths of the total share, and is estimated to continue its lead position during the forecast period. However, the services segment is projected to portray the highest CAGR of 17.5% from 2021 to 2030.

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Based on industry, the manufacturing segment contributed to the highest share in 2020, holding more than one-third of the global emission management software market, and is projected to maintain its leadership status during the forecast period. However, the government sector segment is expected to manifest the fastest CAGR of 17.0% from 2021 to 2030.

Covid-19 Scenario:

  • Owing to the lockdown imposed by governments in many countries and the unavailability of the workforce, manufacturing factories in many industries were closed down partially or completely. This impacted the demand for emission management software for real-time monitoring.
  • Moreover, daily operations in the energy and power sector were disrupted and the demand for monitoring carbon emissions was reduced. This affected the demand for emission management software. However, the demand is expected to rise during the post-lockdown as daily operations get back on track.

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

About Us:

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

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

Data Annotation Tools Market 2022 Business Scenario | Ready to Experience Exponential Growth by 2030

Rise in demand for text annotation for document classification is projected to provide opportunities during the forecast period. The spread of Covid-19 acted as a major factor driving the growth of the global data annotation tools market size.

Major industry players such as – Amazon Mechanical Turk Inc., clickworker GmbH, Dbrain, Lionbridge Technologies Inc., Scale AI Inc., Cogito, APPEN LIMITED, LightTag, Playment, and tagtog Sp. z o.o.

The global data annotation tools market generated $1.35 billion in 2020 and is anticipated to reach $13.69 billion by 2030, manifesting a CAGR of 26.3% from 2021 to 2030.

The global data annotation tools market is segmented into annotation type, component, end-user, and region. 

Based on region, North America contributed to the highest share in 2020, holding nearly two-fifths of the total share. On the other hand, Asia-Pacific is anticipated to manifest the fastest CAGR of 31.1% during the forecast period.

Based on component, the solution segment accounted for the largest market share in 2020, contributing to more than two-thirds of the total share, and is expected to maintain the lead throughout the forecast period. On the other hand, the service segment is estimated to witness the fastest CAGR of 28.2% from 2021 to 2030.

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Based on end users, the IT & Telecommunication segment contributed to the largest share in 2020, accounting for more than one-fourth of the global data annotation tools market. However, the healthcare segment is expected to manifest the highest CAGR of 31.4% from 2021 to 2030. 

Covid-19 impact on global data annotation tools market:

  • Coronavirus has increased the growth of the artificial intelligence and machine learning market, boosting the demand for data annotation tools across the globe. 
  • Partial or complete lockdown in various regions has significantly impacted the growth of the data annotation tools market, owing to the lack of availability of a skilled workforce during the pandemic.
  • Moreover, a rise in investments in machine learning-powered solutions from various industries is anticipated to hit the market growth in the coming years. 
  • The IT & telecommunication sector has witnessed significant growth during and post-pandemic. This, in turn, increased the demand for data annotation tools.

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Lastly, this report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on 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 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.