A Market Place Research – Page 2641

Asia-Pacific, Middle East and Africa Macrofiltration Market to Hit $4.4 Billion by 2026, at a CAGR of 6.7%

According to a new report published by Allied Market Research, titled “Macrofiltration Market by Product and Industry Vertical: Asia-Pacific, Middle East and Africa Opportunity Analysis and Industry Forecast, 2019–2026,” the Macrofiltration market for Asia-Pacific, Middle East and Africa was valued $2.6 billion in 2018, and is projected to reach $4.4 billion by 2026, at a CAGR of 6.7% from 2019 to 2026.

Increase in usage of macrofiltration in water purification & wastewater treatment and government regulations associated with water pollution are Asia-Pacific, Middle East and Africa macrofiltration market trends observed in the recent years. Growth in biopharmaceutical industry, rise in population, and rapid industrialization across emerging economies are other factors that supplement the market growth. However, high initial investment, lack of funds in developing countries, and strict government regulations associated with validation of filtration procedures restrict the growth of the Asia-Pacific, Middle East and Africa macrofiltration market.

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Based on type, the Asia-Pacific, Middle East and Africa macrofiltration market analysis is done into granular micro filter, filter press filter, leaf tubular and press filter, bag filter, belt filter press, auto backwash filters, and others. The auto backwash filter segment is expected to grow with a CAGR of 9.3% during the forecast period. Rising demand for filtered water in food & beverage industry and residential sector to maintain product safety is driving the growth of the market. However, high cost of auto backwash filters and high maintenance cost is hampering the growth of backwash filter. Furthermore, emerging trend such as increasing water treatment plants in Asia-Pacific is estimated to provide lucrative growth opportunities to the market.

Based on industry vertical, market is segmented into water and wastewater, chemical and pharmaceutical, mining and metal, food and beverage, paper and pulp and others. Rise in use of drum and disk filters in mining applications is boosting the macrofiltration market for the mining industry. Based on region, the market is analyzed across Asia-Pacific, the Middle East, and Africa. Asia-Pacific holds the major share in the macrofiltration market in 2019. Macrofiltration membranes are used for the treatment of municipal wastewater to clean and recycle it before using it for drinking as well as sanitation. Also, macrofiltration finds applications in the chemical industry and is used to purify process stream. The demand for macrofiltration is expected to increase due to significant expansion of the chemical industry across India, China, and Japan. In addition, macrofiltration is widely used in the dairy industry for lactose concentration and demineralization. Rise in demand for dairy products in emerging economies such as India and China, is anticipated to drive the Asia-Pacific, Middle East and Africa macrofiltration market growth in the region.

Market players have adopted agreement, partnership, and expansion as their key developmental strategies to gain a competitive advantage in the market. The key players operating in the Asia-Pacific, Middle East and Africa macrofiltration industry include Amiad Water Systems, Ascension Industries, Inc., Danaher Corporation, Filtration Group, Mann+Hummel, MTB Technologies Sp. Z O.O., Ostwald Filtration Systems GmbH, Parker Hannifin, Pentair PLC, and SUEZ water technologies Inc. In order to stay competitive, these market players are adopting different strategies such as product launch, partnership, merger and acquisition. In an instance, SUEZ acquired GE Water & Process Technologies. This acquisition reinforced the company’s geographical position and added a brand to its product portfolio.

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Key Findings Of The Study

The water and wastewater segment was the highest contributor in the Asia-Pacific, Middle East and Africa macrofiltration market size, and is estimated to grow at a CAGR of 6.6% during the forecast period.
Asia-Pacific is anticipated to dominate the Asia-Pacific, Middle East and Africa macrofiltration market share during the entire forecast period.
The granular micro filter segment was the highest contributor to the market and is estimated to grow at a CAGR of 5.7% during the forecast period.
Auto backwash filters and belt filter press are expected to witness considerable CAGRs of 9.3% and 6.9%, respectively, during the forecast 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.

India Heat Exchangers Market to Hit $890.0 Million by 2026, at a CAGR of 8.6%

According to a new report published by Allied Market Research titled, “India Heat Exchangers Market by Type, Material of Construction, and End-User Industry: Opportunity Analysis and Industry Forecast, 2019-2026,” the India heat exchangers market accounted for revenue of $454.4 million in 2018, and is anticipated to generate $890.0 million by 2026. The market is projected to grow at a CAGR of 8.6% from 2019 to 2026.

The growth of the India heat exchangers market is significantly driven by rapid industrialization that results in high adoption of process plant equipment, which correspondingly increases the demand for heat exchangers. For instance, the food & beverage industry is growing at a noteworthy pace in India, which is the second largest producer of food after China. Heat exchangers play an important role in the food industry, as they used for the production of fruit pulp, food paste, juices, hazel nut pastes, yoghurts, and others. Furthermore, many industries in India have adopted high-end energy-saving heat exchangers to mitigate the issue of their loss, owing to rise in the cost of energy, which significantly drives the growth of the market. On the contrary, rise in need for heat exchangers in nuclear power plants for power generation is anticipated to offer lucrative growth opportunities for market expansion.

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The India heat exchangers market is segmented based on type, material of construction, and end-user industry. On the basis of type, the market is categorized into shell & tube, plate & frame, air cooled, microchannel, and others. By material of construction, it is fragmented into carbon steel, stainless steel, nickel, and others. As per end-user industry, it is classified into chemical, petrochemical, oil & gas, HVACR, food & beverage, power generation, and others. India heat exchangers market share has been analyzed across all segments.

Based on type, the shell & tube segment occupied the highest share of 33.2% in 2018, and is anticipated to continue its dominance throughout the analysis period. This is attributed to the fact that shells & tubes are adopted in numerous end-user industries for applications such as waste heat recovery, condensing, and others.

Chemical is the largest end-user industry, and is anticipated to garner a share of 25.9% in the India heat exchangers market. In 2015, the Government of India launched a draft “National Chemical Policy.” The aim of this policy is to increase the share of the chemical sector in the country’s GDP. Thus, increase in such initiatives by the Government of India boosts the adoption of process equipment such as heat exchangers, reactors, pressure vessels, and others in the chemical sector, which in turn has significantly contributed toward the growth of the heat exchanger market.

On the basis of material of construction, stainless steel accounted for the highest share of 34.6% in 2018. This is attributable to the fact that stainless steel-based heat exchangers are adopted for long run applications, owing to their characteristics such as erosion resistance at high flow rates of fluid, no requirement of special fluids, and enhanced compatibility with plain water.

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The market analysis covers in-depth information of major industry participants, which include Alfa Laval, Danfoss, Heatex Industries Limited, HRS Process Systems Ltd., Kelvion Holding GmbH, KGC Engineering Projects Pvt. Ltd., REX Heat Exchanger (REX), Radiant Heat Exchanger Pvt. Ltd., Tranter, and Universal Heat Exchangers Limited.

Key Findings of the India Heat Exchangers Market:

Based on type, the shell & tube segment is expected to gain dominant share 33.2%
Based on end-user industry, oil & gas is expected to experience rapid growth with a rate of 9.2%
Based on the material of construction, carbon steel heat exchangers is projected to grow at the highest CAGR of nearly 8.9%, in terms of revenue, during the forecast period.
A comprehensive analysis of the factors that drive and restrain the heat exchangers market growth is provided
An extensive analysis of various government policies provides insights that are expected to allow companies to strategically plan their business moves
The qualitative data in this report aims at the market dynamics, India heat exchangers market trends,
The developments in the India heat exchanger industry are also studied
The quantitative data provides the India heat exchangers market size in terms of revenue

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Solar PV Installations Market to Hit $393,594 million by 2023, at a CAGR of 17.4%

According to a new report published by Allied Market Research, titled, “Solar Photovoltaic (PV) Installations Market by Technology, Grid-Type and End-Use: Global Opportunity Analysis and Industry Forecast, 2017-2023” the solar photovoltaic installations market was valued at $131,818 million in 2016, and is projected to reach $393,594 million by 2023, growing at a CAGR of 17.4% from 2017 to 2023.

Solar photovoltaics are power systems designed to supply usable power by means of photovoltaics, which includes the arrangement of certain solar panels that absorb and convert sunlight into electricity. Solar cells are tightly packed behind a glass sheet to protect them from the environment. Photovoltaic cells are internally connected together to form a photovoltaic module. The number of cells that are interconnected are dependent on the type of application. The solar trackers are deployed efficiently on the solar panel to improve the efficiency of the solar cell. The efficiency is improved by approximately 20% in winters and 50% in summers by deployment of solar tracker.

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At present, the global solar photovoltaic (PV) installations market witnesses numerous opportunities, owing to rapid increase in development of renewable power in Asia-Pacific and LAMEA to cope up with the increase in electricity demand. In addition, the market is driven by domestic content laws and rise in photovoltaic panel installation projects owing to expiration of federal investment tax credit (ITC).

Moreover, in the developed economies such as the U.S., solar photovoltaic has proved to be an economic alternative at the time of peak power needs. In addition, the success of distributed solar and rapid reduction in cost has led some U.S. utilities to establish their own solar installations such as residential and community projects. However, the fall in PV module prices is expected to affect the operations of many solar companies. Therefore, lower PV prices leads PV manufacturers to reassess their business model or shut down certain factories. This in turn is expected to limit the solar photovoltaic (PV) installations market growth.

The crystalline silicon solar photovoltaic segment accounted for the maximum share, in terms of volume. Moreover, crystalline silicon is the widely used material in production of solar modules and witness strong demand in countries such as China and Japan owing to the strong development of the residential rooftop segment and increased demand for high-efficiency products. In addition, monocrystalline technology is expected to witness strong growth owing to technological advancements and greater solar efficiency.

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Europe accounted for nearly half of the total solar photovoltaic (PV) installations market, and is expected to continue this trend, owing to rapid solar photovoltaic installations, specifically in developing countries.

The major companies profiled in the solar photovoltaic (PV) installations market report include Trina Solar Ltd, Canadian Solar Inc, JA Solar, First Solar Inc, Jinko Solar Holding Company Ltd, Yingli Green Energy Holding Co. Ltd, Renesola, Sun Power Corporation, Solar World AG, and Mitsubishi Electric Corporation.

Key Findings of the Solar Photovoltaic (PV) Installations Market:

• In terms of value, the mono-crystalline solar photovoltaic segment is anticipated to exhibit the highest growth rate of 18.3% during the analysis period.
• Asia-Pacific is anticipated to lead the market in 2023, and is projected to grow with a CAGR of 20.0%, in terms of value.
• The utility scale type segment occupied nearly half of the total solar photovoltaic (PV) installations market.
• Germany occupied nearly half of the total Europe solar photovoltaic (PV) installations market.
• In terms of value, Japan is expected to grow at a CAGR of 19.4% by 2023.

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Fuel Cell Market to Hit $8,643 Million by 2022, at a CAGR of 17.36%

Fuel Cell Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $8,643 Million by 2022, registering a CAGR of 17.36% during the period. The proton exchange membrane fuel cells occupied two-fifths of the total share by volume.

Strict governmental regulations, increase in distributed power systems, and high efficiency of fuel cells are the major driving forces that will escalate the demand for fuel cells with applications in automation and power generation set ups. Unlike conventional power generation sources, fuel cells do not emit hazardous gases and pollution that is harmful to the environment.

Also, depletion of natural resources, carbon emissions, and rising cost of fossil fuels is paving the way for alternate means of transportation and power generation. Therefore, both public and private sectors have taken continuous efforts to reduce carbon emissions and save fuel. Strict government regulations related to CO2 & SO2 emissions is driving the fuel cell market.

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In addition, the Go Green revolution is also driving the growth of the market. Stringent government regulations related to carbon emissions are expected to propel the fuel cell market growth during the forecast period. Furthermore, stationary fuel cells can be used as a means of distributed power generation, which offers various advantages. Power is generated near the consumer area and so the loss of energy in transmission is extremely small in comparison with the losses seen in large and centralized generation systems.

Lack of fuel cell infrastructure coupled with high cost of the catalyst that is required for catalytic reactions in fuel cells are restraining the growth of the fuel cell market. However, new technological advancement in the fuel cell technology leads to the development of new types of fuel cell such as Solid oxide fuel cell (SOFC), Polymer exchange membrane fuel cell (PEMFC), Molten carbonate fuel cell (MCFC), Phosphoric acid fuel cell (PAFC) and others, which help in reducing the cost of the fuel cell.

The rising automotive business and growing electronic sector in China and India is gaining traction. In addition, Japan is the largest fuel cell market in Asia-Pacific for fuel cells, which is followed by China and South Korea. In addition, the demand for fuel cells is anticipated to grow in countries such as Australia, India, and Singapore, which would further support the market in different industry verticals.

The prominent market players include Ballard Power Systems Inc., Plug Power Inc., Proton Power Systems PLC, ITM Power Plc, AFC Energy Plc, Fuel Cell Energy Inc., SFC Energy, United Technologies, Hydrogenics, and Fuji Electric India Pvt. Ltd.

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Key Findings of Fuel Cell Market:

• Molten carbonate fuel cells (MCFC) occupied approximately two-fifths of the total market share.
• Solid oxide fuel cell market is anticipated to expand with a CAGR of 18.54% by 2022.
• LAMEA is projected to be the fastest growing market in proton exchange membrane fuel cells market with a CAGR of 24.74% during the forecast period.
• Stationary fuel cells dominated the market occupying approximately three fourths of the total share in terms of application.
• The transport fuel cell market in Asia-Pacific is anticipated to grow with a CAGR of 30.13%
• Asia-Pacific dominated the fuel cell market occupying more than three fifths of the total share in terms of geography.
• With a CAGR of 26.62% during the forecast period, India is projected to be the fastest growing market in fuel cells.

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Compressed Natural Gas (CNG) Market to Hit $36,035 million by 2023, at a CAGR of 14.1%

According to a new report published by Allied Market Research, titled, Compressed Natural Gas Market by Source and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global compressed natural gas market was valued at $14,842 million in 2016, and is projected to reach $36,035 million by 2023, growing at a CAGR of 14.1% from 2017 to 2023. Based on source, non-associated gas dominated the global compressed natural gas (CNG) market.

Around the globe, the concept of using natural gas as alternative to conventional fossil fuel, such as gasoline and diesel has been growing rapidly. Compressed natural gas (CNG), is one of the most commonly used natural gas in heavy-duty commercial vehicles such as buses, locomotives, trucks, ships, and others. CNG is mainly composed of methane, which is compressed to less than one percent of the volume to obtain compressed natural gas. Due to its eco-friendly nature, better performance advantages, and reduced maintained cost of the engine, CNG has gained popularity in the market. Asia-Pacific is the largest consumer of compressed natural gas as transit buses and delivery & refuse truck fleets prefer CNG over fossil fuel.

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At present, the compressed natural gas (CNG) market is driven by low-cost of CNG with growth in energy requirement across the world. In addition, continuous exploration for non-conventional sources of energy and growth of the lager shale gas market also fuel the market. Furthermore, stringent government regulations on account of environmental concern and increase in subsidy among various regions such as Asia-Pacific and LAMEA have advanced the demand for CNG in the automotive fuel market. However, the initial investment cost is too high and limited number of fuel stations restrains the growth of the market.

By source, the compressed natural gas (CNG) market is classified into associated gas, non-associated gas, and unconventional sources. On the basis of end user, it is divided into light duty vehicles, medium duty/heavy duty buses, and medium duty/heavy duty trucks. The light duty vehicles in end user has the highest growth rate in terms of value due to the development of better and affordable storage tanks for CNG in light duty vehicles.

The Asia-Pacific and Europe region collectively accounted for approximately three-fourths of the global compressed natural gas (CNG) market share by revenue. Emerging economies such as China, India, Pakistan, and Argentina are estimated to dominate the market for the coming years.

The major companies profiled in this compressed natural gas (CNG) market report are National Iranian Gas Company, Indraprastha Gas Limited, Trillium CNG, Gazprom, NEOgas Inc., Trillium CNG, China Natural Gas Inc., Pakistan State Oil, J-W Power Company, and GNVert.

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Key Findings of the Compressed Natural Gas (CNG) Market:

• The unconventional sources market is expected to grow at the highest CAGR of 6.3% in terms of volume during the forecast period.

• The medium duty/heavy duty trucks end user segment is anticipated to grow at a significant CAGR of 14.0% by 2023.

• North America is expected to show highest growth rate in terms of revenue with a CAGR of 14.5%.
• China is one of the major countries in the compressed natural gas (CNG) market and is expected to grow at the highest CAGR of 14.4% by value in Asia-Pacific region.

• The non-associated gas segment accounted for more than half of the market share in 2016, and is anticipated to grow at the significant CAGR of 6.1% by volume.

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Adventure Motorcycle Market Opportunity Analysis and Industry Forecast, 2021–2030

Adventure motorcycles, often known as ADV bikes, are street-legal motorcycles with the larger-displacement multi-cylinder . Motorcycles are capable of travelling on both paved & unpaved roads, thus covering long distances with ample ride comfort. Adventure motorcycles are equipped with powerful tires & suspension. They are usually based on off-road vehicle chassis with added instruments, lights, signals, and rear-view mirrors and can be utilized for public road permits & for riding across the country. Furthermore, the motorcycles have higher seat height, higher center of gravity, an advanced suspension system that offers enhanced durability, and high performance in mountains, steep slopes, & grassy regions. A good adventure motorcycle is one the rider could take on a world trip by endeavoring slight changes as per requirement in the bike. Owing to the increase in popularity of the adventure riding lifestyle, manufacturers hatch aerodynamic models as per the rise in demand for the industry. Moreover, rise in disposable income & the improvised standard of living among the people encourage them to participate in sports adventure events, propelling the growth of the adventure motorcycles market across the globe.

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Major Market Players:

Honda Motor Company, BMW Group, Yamaha, Aprilia, Suzuki Motor, Kawasaki Motors Corp, Triumph Motorcycles, Ducati Motor Holding, KTM, and Benelli Q.J.

Segments covered

Vehicle Type, Application, and Others.

The COVID-19 pandemic has affected several markets & the adventures motorcycles markets is no exception to it. All countries have faced economic crises due to the lockdowns, which profoundly affected the manufacturing industry. There is disruptions in the supply chain as all countries were preferring the health care issues at the beginning. The production in automobile industry has halted, due to the employees & labors migration towards their native countries. . This leads to the loss of employments & caused a severe impact on the economy of the country. Furthermore, research & development of vehicle technology also got affected due to the limitations, as the researchers need to stay at home during lockdowns. However, the dominating players of the global adventure motorcycle market were determined to adopt new strategies to overcome the rise in obstacles in the market growth.

The demand for sports and adventure activities primarily increased the growth of the adventure motorcycle market. The improvement in the living standards and disposable income encourage the consumers to participate in adventure activities, significantly increasing market growth. The growth in the motorcycling events and initiatives taken by private organizations has accelerated the adoption of adventure motorcycles globally. Young consumers are very selective about the comfort and performance of the bike, which leads to focus on technological advancements by the manufacturers to drive the market growth. In India, Hero MotoCorp has launched XPulse 200, an adventure motorcycle loaded with on-road-of-road preparedness, cutting-edge technology & differentiated styling, and offers 6% more power with 5% added torque, ensuring a relaxed and stress-free ride. Thus, such technological & high-performance improvements in the motorcycle sector increase the demand for the adventure bikes industryt.

Vehicle Type

500cc-1000cc
Above 1000cc

Application

Off-road Market
Street Market
Others

Top Impacting Factors

Rise in craze of adventure motorcycles, surge in the adoption of safety & security in motorcycles, high demand for superior comfort & performance, and growth in popularity of long-distance touring & experiential traveling drive the adventure motorcycle market.
However, high penetration of commuter motorcycles in emerging countries, high cost of the product, and uncomfortable seating structure hinder the market growth.
On the contrary, increase in use of active suspension system, demand for high speed & attractive design, and launches of upgraded technological products offer lucrative opportunities for the adventure motorcycle market.

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

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Fifth-party Logistics Market Expected to be valued at $9.21 billion in 2025

The global fifth-party logistics market is dominated by Europe followed by North America, Asia-Pacific, and LAMEA. Europe is expected to maintain its dominance in the global market, as the demand for technology-driven supply chain management services is increasing in the region. Moreover, surge in adoption of blockchain for logistic management is driving the growth of this market.

Factors such as expansion of the e-commerce industry, rise in efficiency of supply chain & management systems, and increase in international trade are expected to drive the growth of the fifth-party logistics market. However, complex supply chain and government barriers for logistics companies restrain the market growth. Conversely, technological advancement and introduction of blockchain are projected to offer lucrative growth opportunities for the market players.

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Major Market Players:

5PL Logistics Solutions LLC
Toll Holdings Ltd
DHL International
Renaissance Network Reinvent
MGL Global Logistics
Maine Pointe
Deloitte
Bain and Company
Boston Consulting Group
McKinsey & Company

In current scenario, the e-commerce industry is growing rapidly, due to rise in penetration of internet. Multiple benefits associated with e-commerce such as facility of home delivery, improvements in logistics services, and ease in payments have made it an ideal platform for purchasing. For instance, in May 2021, according to UNCTAD, a United Nation Conference on Trade and Development expert, the share of the global e-commerce sector’s retail sales increased dramatically from 16% to 19% in 2020. Similarly, according to the India Brand Equity Foundation (IBEF), India’s e-commerce is expected to reach $99 billion by 2024, growing at 27.00% compared to 2019–2024, with food and fashion apparel likely to be major products.

Furthermore, countries across the globe are improving the connectivity infrastructure to improve internet connectivity. For instance, according to the Organisation for Economic Co-operation and Development (OECD) organization, Austria, Belgium, Chile, Ireland, Israel, and the UK all expanded their fiber connections by more than 50% in 2020. Similarly, according to the World Bank, by 2022, total annual internet usage is expected to increase by approximately 50% from 2020 levels to reach 4.8 zettabytes, equivalent to 150,000 GB per second. Furthermore, increase in global internet traffic is astounding. Personal data is expected to make up a significant portion of the total amount of cross-border data. Thus, as result of the growth of the e-commerce industry, the infrastructure of logistic industry is improving, due to rise in internet penetration globally, which helps consumers to shop through online platforms. Moreover, third-party and fourth-party logistics companies are expected to give contracts to fifth-party logistics companies. For instance, in December 2019, M3B GmbH partnered with DHL Trade Fairs and Events, part of DHL Global Forwarding and Freight, as the official logistics supplier. DHL provides all freight transportation services for five years from January, 2020 in its 40,000 sq.mt. exhibition center. Thus, fifth-party logistics all these factors collectively are expected to drive the growth of the global market during the forecast period.

Key Market Segments

By Type

Transportation
Warehousing
Other Services
By Application

E-commerce
Traders
Logistics Company
Others

Fifth-party logistics companies focusing on customizing the supply chain according to need of customer, improving supply chain efficiency, and increasing transparency in supply chain operations. However, the problem with this scenario is that traditional supply chain management (SCM) methods cannot identify potential supplies for a particular user. In the current scenario, enterprises need well-developed infrastructure, out-of-the-box complementary services, and need to build an integrated supply chain that relies on logistics as a network technology, which works as a bridge between logistics company and consumers.

SCM requires consistent optimization. Products need to move efficiently along the supply chain, from parts manufacturers to distribution centers, various retailers, and end customers. To achieve optimal efficiency, it is important to use the right tools, software, and the best supply chain model. Therefore, the fifth-party logistics model was developed to help e-commerce companies find a supply chain management approach that effectively addresses the increasing pressures they face. In addition, fifth party logistics enhances a company’s revenue by reducing the overall cost of network participants. This can be implemented depending on new interaction models in current digital environment through system integration and using advanced supply chain management solution . Thus, all these factors notably contribute toward the growth of the overall market.

Increase in penetration of Internet of Things (IoT) in the logistics sector enables freight companies and consumers to directly access the company network via the internet. The logistics infrastructure is constantly upgraded to meet the needs. Moreover, increase in use of AI, machine learning, radiofrequency identification (RFID), and Bluetooth coupled with other newly introduced technologies, such as drone delivery and driverless vehicles, is being witnessed in logistics services. These technological advancements act as the catalyst to the growth of the fifth-party logistics market. In addition, some of the logistics companies across the world are increasing their spending and using technologically advanced systems for logistics enhancement, which are further expected to propel the growth of the logistics market. For instance, SimpliRoute, an urban logistics solution raised the $3 million funding to improve its AI-powered logistics platform. The new funding will help the start-up to grow its logistics intelligence platform and expand to other countries besides Mexico, Chile, Peru, and Uruguay.

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COVID-19 impact analysis

The COVID impact on the logistics market is unpredictable and it is expected to remain in force till the second quarter of 2021.
The COVID-19 outbreak forced governments across the globe to implement strict lockdowns and made social distancing mandatory to contain the spread of the virus. This led to a sudden downfall in global trade, which further reduced the demand for logistics across the world.
Moreover, the nationwide lockdown forced the logistics service providers to partially or completely shut their operations which resulted in delays in the supply chain activities.
Rise in pharmac

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Green Technology and Sustainability Market – Industry Sees Promising Growth, Projected Market Value $74.64 Billion by 2030

Initiatives to tackle climate change and air pollution are expected to unlock new opportunities for the market players in the future. Rise in environmental awareness and concerns, surge in consumer & industrial interest for use of clean energy resources, and increase in the use of RFID sensors have boosted the growth of the global green technology and sustainability market.

Major market players – CropX Inc., Enablon France SA, Enviance Inc., General Electric, Hortau Inc., IBM Corporation, LO3 Energy, Inc., Oracle Corporation, Tech Mahindra Limited, and Trace Genomics, Inc.

The global green technology and sustainability market was pegged at $10.32 billion in 2020 and is expected to reach $74.64 billion by 2030, growing at a CAGR of 21.9% from 2021 to 2030.

The report segments the global green technology and sustainability market on the basis of technology, application, and region.

The global green technology and sustainability industry is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America held the largest share in 2020, accounting for more than one-third of the market. However, the market across Asia-Pacific is expected to register the highest CAGR of 23.0% during the forecast period.

Based on technology, the internet of things (IOT) segment held the largest share in 2020, accounting for around one-fourth of the market. However, the artificial intelligence and analytics segment is estimated to register the highest CAGR of 23.7% during the forecast period.

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On the basis of application, the green building segment dominated the market in 2020, contributing to more than one-fifth of the market. However, the crop monitoring segment is projected to manifest the highest CAGR of 24.9% during the forecast period.

Covid-19 scenario:

The Covid-19 pandemic and implementation of lockdown by the government in several countries hampered the green technology and sustainability market. Moreover, the shutdown of various ongoing projects of solar panels and windmills hampered the market.
However, several green technology solution providers have introduced new strategies and business plans for surviving in the market.

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Push-to-Talk Over Cellular Market: $6.95 Billion by 2027: at 9.4% of CAGR

Deployment of LTE network, increase in the number of Internet users across the world, and the proliferation of mobile devices drive the growth of the global push-to-talk over cellular market. Deployment of next-generation 5G network is anticipated to create lucrative opportunities in the coming years.

Key market players such as – Qualcomm Technologies, Inc., Verizon Communications, Motorola Solutions, Inc., Kyocera Corporation, AT&T, Inc., Sonim Technologies Inc., Mobile Tornado, Bell Canada, Sprint Corporation, and Simoco Wireless Solutions.

The global push-to-talk over cellular market was pegged at $3.43 billion in 2019 and is estimated to hit $6.95 billion by 2027, registering a CAGR of 9.4% from 2020 to 2027.

The global push to talk over cellular market is analyzed across component, application, and region. Based on component, the equipment segment accounted for more than three-fifths of the total market share in 2018 and is expected to rule the roost by the end of 2027. The services segment, on the other hand, would register the fastest CAGR of 11.5% during the forecast period.

Based on geography, North America held the major share in 2018, generating more than one-third of the global market. At the same time, Asia-Pacific would showcase the fastest CAGR of 10.5% by 2027. The other two regions covered the report include Europe and LAMEA.

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Based on application, the public safety & security segment contributed to more than one-fourth of the total market revenue in 2018 and is projected to lead the trail by 2027. Simultaneously, the transportation & logistics segment would exhibit the the fastest CAGR of 11.9% throughout the forecast period.

Covid-19 scenario-

The outbreak of Covid-19 led to increasing demand for push to talk over cellular devices, as they were extensively being used by the government and disaster management agencies in hotspots for communication.
The demand growth is expected to continue even post pandemic, as these devices let people communicate without coming in physical touch, thereby allowing the management services adhering to the norm of social distancing.

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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.

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Product Information Management Market Ready to Hit $59.25 Billion by 2027, at CAGR of 25.2% Details Shared in the Report

Integration of artificial intelligence and machine learning capabilities to enhance information management and customer experience and growth in demand for cloud-based product information management solutions present new opportunities in the coming years. Increase in need for product data curation and management, and growth in demand for better product information for future commerce and product information management software from the thriving eCommerce industry drive the growth of the global product information management market.

Key industry players – Oracle, SAP SE, IBM, Informatica LLC, Akeneo, Pimcore, Salsify, Riversand, Stibo Systems, and Inriver.

The global product information management market generated $ 9.90 billion in 2019, and is expected to garner $59.25 billion by 2027, witnessing a CAGR of 25.2% from 2020 to 2027.

Based on region, North America held the highest share in 2019, accounting for nearly two-fifths of the global product information management market, and is expected to continue its leadership status by 2027. This is due to increase in adoption of PIM solutions in eCommerce. In addition, North America has great adoption of advanced technologies in most of the industries which further augments the market growth in this province. However, Asia-Pacific is projected to maintain the largest CAGR of 28.3% during the forecast period. This is due to rapid shifting patterns towards online purchasing. Furthermore, growing digitization across various industries & increasing internet connectivity boosts the market in this region.

Based on deployment, the on-premise segment contributed to the fastest market share in 2019, accounting for more than two-thirds of the global product information management market, and is projected to maintain its dominant share in terms of revenue during the forecast period. Most of the enterprises still prefer on-premise deployment due to its high data transfer speed and security, which drives the growth of the segment. However, the cloud segment is estimated to manifest the highest CAGR of 28.2% from 2020 to 2027, owing to the fact that cloud based product information management exhibits the capability to distribute compute resources in single or multiple regions and meet high availability of requirements in comparatively less initial costs.

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Based on component, the software segment accounted for nearly two-thirds of the global product information management market in 2019, and is expected to maintain its lead position during the forecast period. This is due to advantages of product information management solution such as standardizing the increasingly complex demands of product content, acting as multichannel marketing software tool, track all catalog & inventory data of a company in real time, improving conversion rate, and synchronizing images, videos & product descriptions from all channels used by the brand. However, the services segment is expected to witness the fastest CAGR of 27.2% from 2020 to 2027, owing to in the adoption of services among end users, as it ensures effective functioning of PIM software and platforms throughout the process.

Covid-19 Scenario

The covid-19 pandemic has fueled the e-commerce sector immensely. This in turn, has positively impacted the product information management industry, thereby increasing the demand for product information management software.
The retail segment has highly adopted product information management software, as it aids in offering the manufacturers with understanding based on the competitive landscape.

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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.