Semiconductor Packaging Market to See Extremely Surprising Growth Over 2021–2030

Allied Market Research published a new report, titled, ” Semiconductor Packaging Market by Type (Flip-Chip, Embedded Die, Fan-In WLP, and Fan-Out WLP), Packaging Material (Organic Substrate, Bonding Wire, Leadframe, Ceramic Package, Die Attach Material, and Others), Wafer Material (Simple Semiconductor (Silicon (Si) and Germanium (Ge)) and Compound Semiconductor (III-V (Gallium Arsenide (GaAs), Indium Phosphide (InP), Gallium Nitride (GaN), Gallium Phosphide (GaP), and Others), II-VI (Zinc Sulfide (ZnS) and Zinc Selenide (ZnSe)), and IV-IV (Silicon Carbide (SiC) and Silicon-Germanium (SiGe)), and Technology (Grid Array, Small Outline Package, Flat No-Leads Packages (Dual-flat no-leads (DFN) and Quad-flat no-leads (QFN)), Dual In-Line Package (Plastic Dual Inline Package (PDIP) and Ceramic Dual Inline Package (CDIP)), and Others), and Industry Vertical (Consumer Electronics, Automotive, Healthcare, IT & Telecommunication, Aerospace & Defense, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030″

The research report offers an in-depth analysis of the current market scenario, estimates, revolving aspects, and dynamic forces of the industry from 2021 to 2030 to identify the underlying opportunities. An in-depth analysis of the aspects that drive and restrain the market growth is also provided.

Download Report Sample with Latest Industry Insights in PDF: https://www.alliedmarketresearch.com/request-sample/9861

The report also covers the drivers that are playing a significant role in propelling the market growth. At the same time, restraining factors that are projected to impede the growth of the industry are also portrayed by our expert analysts in order to provide the key market players with an explicit scenario of the future coercions in advance.

Key Players Analysis:

Today’s companies choose the solution for market research reports such as the Semiconductor Packaging Market study because it lends a hand with better decision making and more revenue generation. With the aid of SWOT analysis, the market study provides information of drivers and market constraints along with the effect they have on demand over the projected time period. The report reveals an analysis and discussion of key developments in the industry, market size and market share estimates. The research report on the Semiconductor Packaging Market helps strengthen organization and make better decisions to drive business on the right track.

The information used comes from different primary and secondary sources. This sheds light on top 10 market players, too. The report analyzes profiles of these leading companies and their share of the market. This gives insights into some of the strategies that these firms have put in place to survive the competition and maintain their strong hold.

The major players profiled in the report are Amkor Technology (U.S.), ASE Group (Taiwan), ChipMOS Technologies, Inc. (Taiwan), Powertech Technology, Inc. (Taiwan), Intel Corporation (U.S.), Jiangsu Changjiang Electronics Technology Co., LTD (China), Samsung Electronics Co., Ltd. (South Korea), Taiwan Semiconductor Manufacturing Company (Taiwan), Texas Instruments (U.S.), and Fujitsu Limited (Japan).

These players have incorporated an array of strategies such as expansions, mergers & acquisitions, joint ventures, new product launches, and collaborations to gain a strong hold in the industry.

Market Segmentation:

Semiconductor Packaging Market Report provides information of recent developments, trade regulations, import export analysis, output analysis, value chain optimization, market share, influence of domestic and local market players, analysis of opportunities with regard to emerging revenue pockets, market regulatory changes, strategic market growth analysis, market size, segment size, geographical expansions, technological innovations in the market.

The market report provides quantitative study and qualitative drifts of the global market from 2021 to 2030 to help stakeholders figure out the real industry scenario. The report involves the study of the provincial as well as the global market, key market players, and growth stratagems. All the information pertaining to the Semiconductor Packaging Market domain are taken from highly reliable sources and are meticulously examined as well as testified by the market experts. The report also highlights the influence of the buyers and the suppliers to enable investors to make appropriate business decisions and strengthen their supplier–buyer network.

Make Purchase Inquiry @ https://www.alliedmarketresearch.com/purchase-enquiry/9861

The Semiconductor Packaging Market is analyzed based on regions and competitive landscape in each region is mentioned. Regions discussed in the study include North America, Europe, Asia-Pacific, South America, Middle East and Africa. These insights help craft new strategies and create new opportunities to achieve excellent results.

At AMR we aim to highlight our clients ‘most lucrative opportunities for growth’. Therefore, we give guidance, making it easier for them to work through changes in technology and the Semiconductor Packaging Market. Our advisory services are designed to help companies find hidden opportunities and understand the challenges that exist in competition.

On the whole, the report depicts detailed overview of the Semiconductor Packaging Market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

Have a Query? Ask to Analyst @ https://www.alliedmarketresearch.com/connect-to-analyst/9861

Key Benefits from Semiconductor Packaging Market Report 2021-2030:

  • Porter’s Five Forces analysis underscores the potency of buyers and suppliers to allow stakeholders to come up with tactical business decisions.
  • Major impacting factors & top investment pockets are also presented in the research.
  • The major states in each province are studied and their revenue contribution is cited as well.
  • The report doles out in-depth analysis of the current Semiconductor Packaging Market trends, predictions, estimates and market size from 2021 to 2030 to define new opportunities.

Key Market Segments

By Type

  • Flip Chip
  • Embedded DIE
  • Fan-in WLP
  • Fan-out WLP

By Packaging Material

  • Organic Substrate
  • Bonding Wire
  • Leadframe
  • Ceramic Package
  • Die Attach Material
  • Others

By Wafer Material

  • Simple  Semiconductor    
    • Silicon (Si)    
    • Germanium (Ge)    
  • Compound Semiconductor    
    • III-V    
      • Gallium Arsenide (GaAs)
      • Indium Phosphide (InP)
      • Gallium Nitride (GaN) 
      • Gallium phosphide (GaP)
      • Others
    • II-VI    
      • Zinc Sulfide (ZnS)
      • Zinc Selenide (ZnSe)
    • IV-IV    
      • Silicon Carbide (SiC)
      • Silicon-Germanium (SiGe)

By Technology

  • Grid Array    
  • Small Outline Package    
  • Flat no-leads packages    
    • Dual-flat no-leads (DFN) 
    • Quad-flat no-leads (QFN)
  • Dual In-Line Package    
    • Plastic Dual Inline Package (PDIP)
    • Ceramic Dual Inline Package (CDIP)
  • Others    

By End User

  • Consumer Electronics 
  • Automotive 
  • Healthcare
  • IT & Telecommunication
  • Aerospace & Defense
  • Others 

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany 
    • UK
    • France    
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China 
    • Japan
    • India
    • South Korea
    • Taiwan
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East & Africa

Highlights of the Report:

  • Detailed and exhaustive assessment of the Semiconductor Packaging Market.
  • Accrued revenues from each segment of the market by from 2021 to 2030.
  • Drivers, restraints, and opportunities in the industry.
  • Approaches undertaken by the key market players.
  • Regions that would create multiple opportunities for the key players in the industry.
  • Current scope and trends of the Semiconductor Packaging 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.

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. 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.

Contact:

David Correa

5933 NE Win Sivers Drive

#205, Portland, OR 97220

United States

USA/Canada (Toll Free):

+1-800-792-5285, +1-503-894-6022

UK: +44-845-528-1300

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help@alliedmarketresearch.com  

Web: https://www.alliedmarketresearch.com

Insurtech Market Size, Share, Growth, Trends, Scope, COVID-19 Impact and Worldwide Business Development Strategies by Industry Giants Over 2021-2030

Insurance companies investing in technologies such as cloud computing, artificial intelligence (AI), & blockchain, enhancing digital capabilities, driving operational efficiency, and providing better customer experience are becoming major trends in the Insurtech industry. Moreover, Insurtech is evolving rapidly and helps insurers to satisfy the consumer needs and changing the insurance industry’s reputation from conservative & inflexible to highly personalized and user-friendly.

Allied Market Research published a new report, titled, ” Insurtech Market by Offering (Solution and Service), Deployment Model (On-premise and Cloud), Technology (Artificial Intelligence, Cloud Computing, Blockchain, Big Data & Business Analytics, IoT, and Others), End User (Life & Health Insurance and Property and Casualty (P&C) Insurance), and Application (Product Development & Underwriting, Sales & Marketing, Policy Admin Collection & Disbursement, and Claims Management): Global Opportunity Analysis and Industry Forecast, 2021–2030“

The research report offers an in-depth analysis of the current market scenario, estimates, revolving aspects, and dynamic forces of the industry from 2021 to 2030 to identify the underlying opportunities. An in-depth analysis of the aspects that drive and restrain the market growth is also provided.

Download Report Sample with Latest Industry Insights in PDF: https://www.alliedmarketresearch.com/request-sample/12738

The report also covers the drivers that are playing a significant role in propelling the market growth. At the same time, restraining factors that are projected to impede the growth of the industry are also portrayed by our expert analysts in order to provide the key market players with an explicit scenario of the future coercions in advance.

Key Players Analysis:

Today’s companies choose the solution for market research reports such as the Insurtech Market study because it lends a hand with better decision making and more revenue generation. With the aid of SWOT analysis, the market study provides information of drivers and market constraints along with the effect they have on demand over the projected time period. The report reveals an analysis and discussion of key developments in the industry, market size and market share estimates. The research report on the Insurtech Market helps strengthen organization and make better decisions to drive business on the right track.

The information used comes from different primary and secondary sources. This sheds light on top 10 market players, too. The report analyzes profiles of these leading companies and their share of the market. This gives insights into some of the strategies that these firms have put in place to survive the competition and maintain their strong hold.

The major players profiled in the report are Damco Group, DXC Technology Company, Majesco, Oscar Insurance, OutSystems, Quantemplate, Shift Technology, Trov Insurance Solutions, LLC, Wipro Limited, and Zhongan Insurance

These players have incorporated an array of strategies such as expansions, mergers & acquisitions, joint ventures, new product launches, and collaborations to gain a strong hold in the industry.

Market Segmentation:

Insurtech Market Report provides information of recent developments, trade regulations, import export analysis, output analysis, value chain optimization, market share, influence of domestic and local market players, analysis of opportunities with regard to emerging revenue pockets, market regulatory changes, strategic market growth analysis, market size, segment size, geographical expansions, technological innovations in the market.

The market report provides quantitative study and qualitative drifts of the global market from 2021 to 2030 to help stakeholders figure out the real industry scenario. The report involves the study of the provincial as well as the global market, key market players, and growth stratagems. All the information pertaining to the Insurtech Market domain are taken from highly reliable sources and are meticulously examined as well as testified by the market experts. The report also highlights the influence of the buyers and the suppliers to enable investors to make appropriate business decisions and strengthen their supplier–buyer network.

Make Purchase Inquiry @ https://www.alliedmarketresearch.com/purchase-enquiry/12738

The Insurtech Market is analyzed based on regions and competitive landscape in each region is mentioned. Regions discussed in the study include North America, Europe, Asia-Pacific, South America, Middle East and Africa. These insights help craft new strategies and create new opportunities to achieve excellent results.

At AMR we aim to highlight our clients ‘most lucrative opportunities for growth’. Therefore, we give guidance, making it easier for them to work through changes in technology and the Insurtech Market. Our advisory services are designed to help companies find hidden opportunities and understand the challenges that exist in competition.

On the whole, the report depicts detailed overview of the Insurtech Market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

Have a Query? Ask to Analyst @ https://www.alliedmarketresearch.com/connect-to-analyst/12738

Key Benefits from Insurtech Market Report 2021-2030:

  • Porter’s Five Forces analysis underscores the potency of buyers and suppliers to allow stakeholders to come up with tactical business decisions.
  • Major impacting factors & top investment pockets are also presented in the research.
  • The major states in each province are studied and their revenue contribution is cited as well.
  • The report doles out in-depth analysis of the current Insurtech Market trends, predictions, estimates and market size from 2021 to 2030 to define new opportunities.

Key market segments

By Offering

  • Solution
  • Service

By Deployment Model

  • On-premise 
  • Cloud

By Technology

  • Artificial Intelligence
  • Cloud Computing
  • Blockchain
  • Big Data & Business Analytics
  • IoT
  • Others  

By End User

  • Life & Health Insurance
  • Property and Casualty (P&C) Insurance
    • Auto Insurance
    • Buildings Insurance
      • Commercial Buildings Insurance
      • Home Insurance
        • Dwelling Coverage
        • Contents Coverage
    • Marine Insurance
    • Liability Insurance
    • Others

By Application

  • Product Development & Underwriting
  • Sales & Marketing
  • Policy Admin Collection & Disbursement
  • Claims Management

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • The Netherlands
    • Rest of Europe
  • Asia-Pacific 
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of Asia-Pacific   
  • LAMEA
    • Latin America 
    • Middle East
    • Africa

Highlights of the Report:

  • Detailed and exhaustive assessment of the Insurtech Market.
  • Accrued revenues from each segment of the market by from 2021 to 2030.
  • Drivers, restraints, and opportunities in the industry.
  • Approaches undertaken by the key market players.
  • Regions that would create multiple opportunities for the key players in the industry.
  • Current scope and trends of the Insurtech 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.

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. 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.

Contact:

David Correa

5933 NE Win Sivers Drive

#205, Portland, OR 97220

United States

USA/Canada (Toll Free):

+1-800-792-5285, +1-503-894-6022

UK: +44-845-528-1300

Hong Kong: +852-301-84916

India (Pune): +91-20-66346060

Fax: +1(855)550-5975

help@alliedmarketresearch.com  

Web: https://www.alliedmarketresearch.com  

What’s Driving Scope for Artificial Intelligence Chips as Market is Expected to Reach $194.90 Billion by 2030

Allied Market Research published a new report, titled, “Artificial Intelligence Chip Market by Chip Type (GPU, ASIC, FPGA, CPU, and Others), Application (Natural Language Processing (NLP), Robotics, Computer Vision, Network Security, and Others), Technology (System-on-chip, System-in-package, Multi-chip Module, and Others), Processing Type (Edge and Cloud), and Industry Vertical (Media & Advertising, BFSI, IT & Telecom, Retail, Healthcare, Automotive & Transportation, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030.” According to a report, global artificial intelligence chip market size is expected to reach $194.90 billion by 2030 from $8.02 billion in 2020, growing at a CAGR of 37.4% from 2021 to 2030. Asia-Pacific is expected to be the leading contributor to the global market during the forecast period, followed by North America and Europe.

The research report offers an in-depth analysis of the current market scenario, estimates, revolving aspects, and dynamic forces of the industry from 2021 to 2030 to identify the underlying opportunities. An in-depth analysis of the aspects that drive and restrain the market growth is also provided.

Download Report Sample with Latest Industry Insights in PDF: https://www.alliedmarketresearch.com/request-sample/4515

The report also covers the drivers that are playing a significant role in propelling the market growth. At the same time, restraining factors that are projected to impede the growth of the industry are also portrayed by our expert analysts in order to provide the key market players with an explicit scenario of the future coercions in advance.

Key Players Analysis:

Today’s companies choose the solution for market research reports such as the Artificial Intelligence Chip Market study because it lends a hand with better decision making and more revenue generation. With the aid of SWOT analysis, the market study provides information of drivers and market constraints along with the effect they have on demand over the projected time period. The report reveals an analysis and discussion of key developments in the industry, market size and market share estimates. The research report on the Artificial Intelligence Chip Market helps strengthen organization and make better decisions to drive business on the right track.

The information used comes from different primary and secondary sources. This sheds light on top 10 market players, too. The report analyzes profiles of these leading companies and their share of the market. This gives insights into some of the strategies that these firms have put in place to survive the competition and maintain their strong hold.

The major players profiled in the report are Advanced Micro Devices, Alphabet Inc. (Google Inc.), Apple, NXP Semiconductors N.V., Analog Devices, Inc., Intel Corporation, Mediatek, Inc., NVIDIA Corporation, Qualcomm Incorporated, and Microsemi Corporation.

These players have incorporated an array of strategies such as expansions, mergers & acquisitions, joint ventures, new product launches, and collaborations to gain a strong hold in the industry.

Market Segmentation:

Artificial Intelligence Chip Market Report provides information of recent developments, trade regulations, import export analysis, output analysis, value chain optimization, market share, influence of domestic and local market players, analysis of opportunities with regard to emerging revenue pockets, market regulatory changes, strategic market growth analysis, market size, segment size, geographical expansions, technological innovations in the market.

The market report provides quantitative study and qualitative drifts of the global market from 2021 to 2030 to help stakeholders figure out the real industry scenario. The report involves the study of the provincial as well as the global market, key market players, and growth stratagems. All the information pertaining to the Artificial Intelligence Chip Market domain are taken from highly reliable sources and are meticulously examined as well as testified by the market experts. The report also highlights the influence of the buyers and the suppliers to enable investors to make appropriate business decisions and strengthen their supplier–buyer network.

Make Purchase Inquiry @ https://www.alliedmarketresearch.com/purchase-enquiry/4515

The Artificial Intelligence Chip Market is analyzed based on regions and competitive landscape in each region is mentioned. Regions discussed in the study include North America, Europe, Asia-Pacific, South America, Middle East and Africa. These insights help craft new strategies and create new opportunities to achieve excellent results.

At AMR we aim to highlight our clients ‘most lucrative opportunities for growth’. Therefore, we give guidance, making it easier for them to work through changes in technology and the Artificial Intelligence Chip Market. Our advisory services are designed to help companies find hidden opportunities and understand the challenges that exist in competition.

On the whole, the report depicts detailed overview of the Artificial Intelligence Chip Market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

Have a Query? Ask to Analyst @ https://www.alliedmarketresearch.com/connect-to-analyst/4515

Key Benefits from Artificial Intelligence Chip Market Report 2021-2030:

  • Porter’s Five Forces analysis underscores the potency of buyers and suppliers to allow stakeholders to come up with tactical business decisions.
  • Major impacting factors & top investment pockets are also presented in the research.
  • The major states in each province are studied and their revenue contribution is cited as well.
  • The report doles out in-depth analysis of the current Artificial Intelligence Chip Market trends, predictions, estimates and market size from 2021 to 2030 to define new opportunities.

Key Market Segments

  • BY CHIP TYPE
    • GPU
    • ASIC
    • FPGA
    • CPU
    • Others
  • BY APPLICATION
    • Natural Language Processing (NLP)
    • Robotics
    • Computer Vision
    • Network Security
    • Others
  • BY TECHNOLOGY
    • System-on-chip (SoC)
    • System-in-package (SIP)
    • Multi-chip module
    • Others
  • BY PROCESSING TYPE
    • Edge
    • Cloud
  • BY INDUSTRY VERTICAL
    • Media & advertising
    • BFSI
    • IT & telecom
    • Retail
    • Healthcare
    • Automotive & transportation
    • Others
  • BY REGION
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • UK
      • Germany
      • France
      • Russia
      • Rest of Europe
    • Asia-Pacific
      • China
      • Japan
      • India
      • Australia
      • Rest of Asia-Pacific
    • LAMEA
      • Latin America
      • Middle East
      • Africa
  • KEY PLAYERS
    • Advanced Micro Devices
    • Alphabet Inc. (Google Inc.)
    • Apple
    • NXP Semiconductors N.V.
    • Analog Devices, Inc.
    • Intel Corporation
    • Mediatek, Inc.
    • NVIDIA Corporation
    • Qualcomm Incorporated
    • Microsemi Corporation

 Other Key Market Players

  • GRAPHCORE LTD.
  • GROQ
  • GYRFALCON TECHNOLOGY INC.
  • HORIZON ROBOTICS, INC.
  • HUAWEI TECHNOLOGIES CO. LTD.
  • INTEL CORPORATION
  • INTERNATIONAL BUSINESS MANAGEMENT CORPORATION
  • KNUEDGE, INC.
  • KRTKL INC.
  • MEDIATEK, INC.
  • MICRON TECHNOLOGY, INC.
  • MICROSEMI CORPORATION
  • MYTHIC, INC.
  • NEC CORPORATION
  • KOREA ELECTRONIC CERTIFICATION AUTHORITY, INC. (AI BRAIN, INC.)
  • NVIDIA CORPORATION
  • NXP SEMICONDUCTORS N.V.
  • QUALCOMM INCORPORATED
  • SAMSUNG ELECTRONICS CO. LTD.
  • SHANGHAI THINK-FORCE ELECTRONIC TECHNOLOGY CO. LTD.
  • SK HYNIX, INC.
  • SOFTBANK GROUP CORP. (ARM HOLDINGS PLC)
  • TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED
  • TENSTORRENT INC.
  • TEXAS INSTRUMENTS INCORPORATED
  • TOSHIBA CORPORATION
  • UNIVERSITY OF CALIFORNIA SYSTEM (UNIVERSITY OF CALIFORNIA, DAVIS)
  • WAVE COMPUTING, INC.
  • XILINX, INC.

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Highlights of the Report:

  • Detailed and exhaustive assessment of the Artificial Intelligence Chip Market.
  • Accrued revenues from each segment of the market by from 2021 to 2030.
  • Drivers, restraints, and opportunities in the industry.
  • Approaches undertaken by the key market players.
  • Regions that would create multiple opportunities for the key players in the industry.
  • Current scope and trends of the Artificial Intelligence Chip 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.

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. 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.

Contact:

David Correa

5933 NE Win Sivers Drive

#205, Portland, OR 97220

United States

USA/Canada (Toll Free):

+1-800-792-5285, +1-503-894-6022

UK: +44-845-528-1300

Hong Kong: +852-301-84916

India (Pune): +91-20-66346060

Fax: +1(855)550-5975

help@alliedmarketresearch.com  

Web: https://www.alliedmarketresearch.com

Two Wheeler Tire Market 2027 || Hangzhou Zhongce Rubber, Giti Tire , MRF , Apollo Tyres, CEAT Limited, JK Tyre & Industries

The two-wheeler tires are crucial functional elements for the transmission of all forces between the bike and road. The tire properties should be as constant as possible and hence predictable by the rider. However, the aftermarket tires usually differ from the original tires, despite their similar designation. Hence, handling characteristics can change with the passage of time. The forces that occur between the ground and the tires determine so much the behavior of machines that they are so often taken for granted. The tire performs such a multitude of different tasks and their apparent simplicity hides the degree of engineering sophistication that goes into their design and fabrication. Initially, pneumatic tires were fitted to improve comfort and reduce loads on the wheels. Even with modern suspension systems, it is still the tires that provide the first line of defense for absorbing road shocks. Rise in adoption of two-wheeler vehicles across the globe is expected to boost the two-wheeler tire market in the forecast period.

Get Sample PDF@ https://www.alliedmarketresearch.com/request-sample/11122          

Major Market Players:

Hangzhou Zhongce Rubber CO. LTD., Giti Tire Pte. Ltd., MRF Limited, Apollo Tyres Ltd., CEAT Limited, JK Tyre & Industries Ltd., TVS Srichakra Limited, Cheng Shin Rubber Ind. Co. Ltd., Bridgestone Corporation, and Rinaldi S/A Industria de Pneumaticos.

Some of the factors that boost the market include increasing automation and growing safety & security concerns that are expected to spur the demand over the forecast period. However, the growing use of self-healing technology is anticipated to hamper the growth of the market. Furthermore, enhancing advancement in technology and design coupled with increasing the distance covered by the type is expected to offer lucrative opportunities for the market.

High-performance equipment has seen significant growth over the past decade in almost every industry. In addition, in every developing economy, urbanization is growing at a rapid pace and will lead to the harvesting of more forests as well as the clearing of space for constructional activities. Hence, this will spur the demand for equipment such as two-wheeler tires in the forecast period.

The increasing awareness among the customers across the globe has forced manufacturers to provide various security features to increase their sales and maintain their position in the market. Also, the government of almost every country is providing new rules and regulations to enhance the safety and security of passengers while traveling, which will further grow the two-wheeler tires market in the forecast period.

Key benefits of the report:

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

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Contact Info:

Name: David Correa

Email: Send Email

Organization: Allied Market Research

Address: 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States

Phone: 1-800-792-5285

Website: https://www.alliedmarketresearch.com/

About Allied Market Research

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

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

Case Study of Second Life Electric Vehicle Battery Market

The second life electric vehicle battery is subjected to recycling or recovering critical energy materials from a battery for reusing in various secondary applications with a promising strategy of making productivity out of these energy materials. Electric vehicles (EV) batteries have a tough life as subjected to extreme operating temperatures, hundreds of partial cycles a year, and change in discharge rates, lithium-ion batteries in electric vehicles (EV) applications degrade strongly during the first five years of operation and are designed for approximately a decade of useful life in most cases. The economic potential for battery reuse as a second-life could help to further decrease the upfront costs of electric vehicles (EV) batteries and increase the value of a used electric vehicle (EV). The continued growth of electric vehicles has led to a question on its most expensive components, the manufacturing companies are tackling these challenges by adapting to these measures to overcome with this mindset of the market. Hence, the second life battery measures will be very effective and is expected to lead to the growth of the second life electric vehicle battery market during the forecast period.

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Major Market Players:

Hyundai, Nissan, BMW, Daimler AG, Mercedes-Benz Energy, Beijing Electric Vehicle, Rivian, Proterra, Applied Energy, and Morris Garages

The top impacting factors can be a regulatory push toward efficient technologies and global measures by OEMs to increase the customer’s preference toward electric vehicles (EV) is expected to boost the market in the forecast period. However, the higher cost as compared to traditional steering systems and lack of steering feel will restrain the growth of the market. Furthermore, penetration in commercial vehicles and enabling ADAS features in EVs will create new opportunities in the market.

The manufacturing companies are regularly innovating advanced techniques to enhance customer’s luxury in their vehicles and improve sales in developing economies such as China and India. Hence, companies are adapting to a better safety system, which is expected to further boost the second-life electric vehicle battery market during the forecast period.

The automobile manufacturers are incorporating several systems in vehicles that attract the attention of more customers by advancing their design or implementing new strategies for the vehicles. Advanced features are no longer restricted to premium vehicles, it has further developed to regular running vehicles as well. Consumers are now more concerned about the afterlife, reselling of the vehicle, and technological advancement, and therefore, they are more interested in opting for vehicles that are equipped with better sources and are expected to fuel the second-life electric vehicle battery market during the forecast period.

Key benefits of the report:

  • This study presents the analytical depiction of the second life electric vehicle battery market industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the second life electric vehicle battery market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the second-life electric vehicle battery market scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed second-life electric vehicle battery market analysis based on competitive intensity and how the competition will take shape in the coming years.

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About Allied Market Research

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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Electrostatic Precipitator Market to Hit $10.0 Billion by 2030, at a CAGR of 4.3%

Electrostatic Precipitator Market

According to a new report published by Allied Market Research, titled, “Electrostatic Precipitator Market by Product Type and End Use: Global Opportunity Analysis and Industry Forecast, 2021–2030,”the global electrostatic precipitator market forecast was valued at $6.6 billion in 2020, and is projected to reach $10.0 billion by 2030, growing at a CAGR of 4.3% from 2021 to 2030.

The global electricity demand is increasing rapidly, which, in turn, has led the power generation sectors to maximize their power generation capacities. For instance, according to a report published by the Indian Ministry of Power, the electricity generation target from conventional sources for the year 2021-2022 is 1,356 billion unit (BU), which is a growth of around 9.83% as compared to 2020-2021. This has led conventional sources-based power plants such as coal-fired and gas-based power plants to witness a significant growth, wherein electrostatic precipitator is widely used for soot and ash removal purposes from the exhaust gas. In addition, these power plants are connected with the rigorous government regulation for upholding the requirement for keeping particulate matter emissions within standard limits. This is anticipated to increase the sale of electrostatic precipitators among coal-fired and gas-fired power plants, thus creating remunerative opportunities for the market.

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The static electrostatic precipitator market analysis is done on the basis of product type, end use, and region. By product type, the market is segregated into plate wire, flat plate, tubular, wet, and two-stage. The plate wire segment dominated the global market in terms of revenue in 2020, with over one-third of the total share. This is attributed to the fact that the global electricity demand is increasing rapidly, which, in turn, has led the coal-fired and gas-based power plants to witness a significant increase in demand. This is expected to increase the sales of plate wire type electrostatic precipitators for reducing the particulate matter from exhaust gas in power plants.

By end use, the global market is divided into power generation, chemicals, metal, petroleum refineries, cement, and others. The power generation segment dominated the global market in terms of revenue in 2020, with over two-fifth of the total share. Increase in foreign direct investment (FDI) and integration of power development schemes are expected to augment the growth of power generation sector, where electrostatic precipitator is widely used for ash and soot removal purposes.

Region-wise, the electrostatic precipitator market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific electrostatic precipitator market size is projected to grow at the highest CAGR during the forecast period and accounted for 41.3% of electrostatic precipitator market share. Rise in investments in the power sector in the countries such as India and Australia is expected to increase the sales of electrostatic precipitators in power generation sector for reducing the level of particulate matter within acceptable limits.

The key players operating in the global electrostatic precipitator market include Babcock & Wilcox Enterprises, Inc., DUCON, FLSmidth, General Electric, John Wood Group PLC, Mitsubishi Power, Ltd, S.A. Hamon, Siemens AG, Thermax Limited, and Trion IAQ.

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COVID-19 analysis

The novel coronavirus is an incomparable global pandemic that has spread to over 180 countries and caused huge losses of lives and the economy around the globe. The electrostatic precipitator market has been negatively impacted due to the wake of the COVID-19 pandemic, owing to its dependence on the oil & gas, chemicals, cement manufacturing, and power sectors. According to a report published by the Energy and Economic Growth Survey, the oil & gas sector is among the hardest hit sector with an average contraction of -2.8% in 2020.

In addition, more than 100 countries have locked their international borders for transportation and nonessential trade activities, which, in turn, have hampered the demand-supply chain of the electrostatic precipitators market. Furthermore, the temporary shutdown of oil refineries and chemical manufacturing industries amid the COVID-19 period has reduced the consumption of electrostatic precipitators for soot and ash removal purposes. For instance, according to a report published by the Indian Ministry of Petroleum & Natural Gas, the central public sector enterprise (CPSE) refineries has produced 7,103.76 thousand metric tons (TMT) of crude oil in April 2020 that is 28.91% lower than the target for the month and 36.93% lower than the production achieved in the corresponding month of 2019. This has severely affected the demand for electrostatic precipitators among the oil refineries during the COVID-19 situation.

Furthermore, the decline in global electricity consumption due to the shutdown of large-scale industries, offices, and malls has led the electrostatic precipitator market to witness a downfall in demand. For instance, according to a report published by the International Energy Agency (IEA), a large reduction of coal-fired power generation occurred in China, owing to a decrease in electricity demand during March 2020.

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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.

Cuttings re-injection services Market to Hit $259.7 Million by 2030, at a CAGR of 3.6% 

Cuttings re-injection services Market

According to a new report published by Allied Market Research titled, “Cuttings Re-Injection Services Market by Type, Application: Global Opportunity Analysis and Industry Forecast, 2021–2030,” The cuttings re-injection services market was valued at $180.6 million in 2020, and is projected to reach $259.7 million by 2030, growing at a CAGR of 3.6% from 2021 to 2030.

Factors propelling the cutting re-injection services market growth are its advantages such as its potential to discard other wastes that would have to be taken to shore for disposal, allowing utilization of less expensive drilling fluid, no need of offshore transportation, cuttings can be injected if pre-treated, less chances of ground and surface water contamination, and removal of seafloor effect. However, some of the disadvantages hindering the market growth are increase in air pollution because of large power needs, rise in requirement of large equipment and labors, and others.

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The cuttings re-injection services market is segmented into type and application. Based on the type the market is categorized into dedicate injection and annular injection. On the basis of application, the market is bifurcated into on-shore and off-shore. Region-wise, the cutting re-injection services market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The cutting re-injection services market share is analyzed for all segment and countries.

On the basis of type, the annular injection segment garnered 83.4% share in 2020. Based on the application, the onshore segment is expected to grow at CAGR of 1.6% during the forecast period. CRI process is common to both onshore and offshore operations. But the CRI process is easily manageable on onshore site because of the availability of space.

On the basis of region, the Asia-Pacific is expected grow at a CAGR of 4.8% during the forecast period. China has strong presence in South China Sea. Chinese oil & gas companies have come across with gas fields with reserves of around 300 billion tons along with oil fields reserves of around 200 million tons of oil.

Based on the region, Europe garnered market share of 26.6% and expected to grow at a CAGR of 2.8% during the forecast period. The UK government has announced to drill oil & gas wells in the North Sea. The government has granted permission to drill well as a part of a cautious transformation away from fossil fuels, and protect jobs and the economy.

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Some of the key players operating in the cuttings re-injection services industry are Baker Hughes Company, NOV Inc., Advantek, Augean PLC, GN Solid Control, Haliburton, Schlumberger, PPLI, Weatherford, and Terralog Technologies.

Key findings of the study

The report outlines the current cuttings re-injection services market trends and future scenario of the cuttings re-injection services market from 2021 to 2030 to understand the prevailing opportunities and potential investment pockets.
The cuttings re-injection services market size is provided in terms of revenue.
On the basis of type, the dedicated injection; segment gained 16.6% share in 2020 in terms of revenue.
On the basis of application, off-shore segment garnered market share of 81.1% in 2020 in terms of revenue.
On the basis of region, the North America region garnered market share of 19.8% in 2020 in terms of revenue.

Impact of COVID-19 on the cuttings re-injection services market

The spread of COVID-19 in numerous countries halted the industrial activities.
This resulted into oversupply scenario in oil and gas sector.
This consequently resulted into decreased drilling activities.
The decrease in drilling activities resulted in decreased demand for oilfield services such as waste management.

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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.

Axial Flow Pump Market to Hit $42.1 Billion by 2030, at a CAGR of 4.4%

Axial Flow Pump Market

According to a new report published by Allied Market Research, titled, “Axial Flow Pump Market by Product Type, Application, and End-Use: Global Opportunity Analysis and Forecast, 2021–2030,”the global axial flow pump market forecast was valued at $27.4 billion in 2020, and is projected to reach $42.1 billion by 2030, growing at a CAGR of 4.4% from 2021 to 2030.

Rapid technological advancements in water treatment sectors have surged the demand for highly efficient pumping equipment. Axial flow pumps being capable to deliver nearly four times higher discharge than normal centrifugal pumps of the same rating have made water treatment sectors more linear toward using axial flow pumps. In addition, governments of both developed and developing economies have imposed several regulations and environmental policies for the discharge of industrial and untreated wastewater into rivers, lakes, and other water bodies. For instance, according to an article published by India WaterPortal, the Environment Ministry has imposed a ban on project clearance of industries that discharge untreated water into open water bodies. This has made industries invest more in water treatment facilities. This factor is anticipated to create remunerative opportunities for the expansion of the axial flow pumps market in future.

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By product type, the market is segregated into horizontal and vertical. The horizontal product type dominated the global market in terms of revenue in 2020, with over two-third of the total share. This is attributed to the fact that use of horizontal shaft type axial flow pumps has advantages such as can be placed on simple foundation, easy accessibility for inspection, can be mounted and dismounted easily, and housing for the pump can be lowered.

By application, the global axial flow pump market is classified into water treatment, irrigation, evaporators, and others. The others application dominated the global market in terms of revenue in 2020, with over one-third of the total share. This is attributed to the fact that utilization of axial flow pumps in applications such as fisheries, heat recovery systems, sewage digesters, high volume mixing, and others is the major key axial flow pump market trend in the global market. The increasing global power consumption has surged the need for heat recovery systems where axial flow pumps are widely used for the circulation of process fluid in power plants.

By end use, the global market is divided into chemical, municipal, pulp & paper, agriculture, food & beverage, and others. The agriculture end use dominated the global market in terms of revenue in 2020, with over two-seventh of the total share. This is attributed to the fact that the increasing population has surged the demand for crop production where axial flow pumps are widely employed for irrigational purposes.

Region wise, the axial flow pump market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific axial flow pump market size is projected to grow at the highest CAGR during the forecast period and accounted for major axial flow pump market share in 2020, owing to growing demand for axial flow pumps among different end-use industries such as pulp & paper, food & beverage, and chemical.

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The global market analysis covers in-depth information of the major axial flow pump industry participants. Key players operating in the global axial flow pump market include Ebara Corporation, Flowserve Corporation, Grundfos Holdings A/S, Handol Pumps Limited, Hitachi Industrial Products Ltd., ITT Goulds Pump, Pentair PLC, Sulzer Ltd., The Weir Group PLC, and Xylem Inc.

COVID-19 analysis

The novel coronavirus is an incomparable global pandemic that has spread to over 180 countries and caused huge losses of lives and the economy around the globe. The axial flow pump market has been negatively impacted due to the wake of the COVID-19 pandemic, owing to its dependence on chemical, petrochemical, fisheries, and other sectors. According to a report published by the National Bureau of Statistics of China, the chemical industry witnessed a 20% decline in production in March 2020 as compared to March 2019, while profits declined by 66%. In addition, several chemical manufacturing companies have either shut down or shrank their operations due to the risk of infections among the workforce where axial flow pumps are used for transporting large liquid masses to various chemical industry equipment such as evaporators, crystallizers, and others. This has temporarily hampered the demand for the axial flow pump market amid the COVID-19 period. In addition, the falling income of customers and international travel restrictions has led to a contraction of the demand for axial flow pumps among refining sectors. For instance, according to a report published by the U.S. Bureau of Labor Statistics, the global oil demand decreased by 3 million barrels per day during March 2020, owing to the lockdowns and transport restrictions. In addition, around 180 countries have temporarily stopped the trade of unnecessary products, which in turn has hampered the demand-supply chain of axial flow pumps amid the COVID-19 situation.

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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.

Circulating Fluidized Bed Boiler Market to Hit $1,042.0 Million by 2030, at a CAGR of 8.8%

Circulating Fluidized Bed Boiler Market

According to a new report published by Allied Market Research, titled, “circulating fluidized bed boiler market by product, capacity, fuel type, and application: global opportunity analysis and industry forecast, 2021–2030,”the global circulating fluidized bed boiler market was valued at $450.4 million in 2020, and is projected to reach $1,042.0 million by 2030, growing at a CAGR of 8.8% from 2021 to 2030.

CFB boiler offers several advantages over other convectional boilers such as minimal bed area, owing to utilization of high velocity of fluidizers, enhanced rate of combustion efficiency, and high sulfur retention to use of finer & smaller particles and minimal number of feed points for fuel. This factor is anticipated to create remunerative opportunities for the expansion of the circulating fluidized bed boiler market.

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The circulating fluidized bed boiler market is segmented on the basis of product, capacity, fuel type, application, and region. By product, the market is segregated into subcritical, supercritical, and ultra-supercritical. The subcritical type segment dominated the global market, in terms of revenue in 2020, with over two-thirds of the total share. Subcritical circulating fluidized bed boiler require minimal temperature around 500 degree Celsius to combust the fuel. In addition, petroleum coke, culm, oil pitches, and fuel with ash level can be used as fuel.

By capacity, the circulating fluidized bed boiler market is classified into less than 100 MW, 100–200 MW, 200–300 MW, and 300 MW & above. The 100–200 MW segment dominated the global market, in terms of revenue in 2020, with over four-ninths of the total share. 100-150 MW capacity circulating fluidized bed boiler are widely employed in thermal power plants owing to its advantages such as low caloric ignite value, anti-erosion, and minimal environmental emission.

By fuel type, the circulating fluidized bed boiler market is classified into coal, biomass, and others. The coal fuel type segment dominated the global market, in terms of revenue in 2020, with over three-fourths of the total share. Circulating fluidized bed boiler that uses coal as fuel offers several advantages over other fuel types such as enhanced firing capability, minimal emission, improved heat absorption, and anti-erosion.

By application, the market is divided into energy & power, industrial, and others. The energy & power application segment dominated the global market in terms of revenue in 2020, with over four-fifths of the total share. Establishment of new coal powered thermal power plant are set up across developing nations and other developed nations to overcome the growing demand for energy & power source.

Region-wise, the circulating fluidized bed boiler market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific circulating fluidized bed boiler market size is projected to grow at the highest CAGR during the forecast period and accounted for 60% circulating fluidized bed boiler market share in 2020. Constant technological advancement in Asia-Pacific has led to development of new circulating fluidized bed boiler. For instance, ANDRITZ has developed a new circulating fluidized bed boiler that offer maximum efficiency and it is powered with biomass as fuel. This circulating fluidized bed boiler has been supplied to Japan.

Key players operating in the global circulating fluidized bed boiler market include Mitsubishi Power, JFE Engineering Corporation, Valmet, Andritz, Industrial Boilers America, Alstom, Sumitomo Heavy Industries Ltd., Babcock & Wilcox Enterprise Inc., Thermodyne Engineering Systems, and EBARA Environmental Plant Co. Ltd.

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COVID-19 analysis

The novel coronavirus is an incomparable global pandemic that has spread to over 180 countries and caused huge losses of lives and the economy around the globe.

The circulating fluidized bed boiler market has been negatively impacted due to the wake of the COVID-19 pandemic, owing to its dependence on the oil & gas, energy and power, and other industrial sectors.

According to a report published by the Energy and Economic Growth Survey, the oil & gas sector is among the hardest hit sector with an average contraction of -2.8% in 2020. In addition, more than 100 countries have locked their international borders for transportation and non-essential trade activities, which have led to demand-supply disruptions for the circulating fluidized bed boilers market.

Furthermore, temporary shutdown of oil refineries amid the COVID-19 period has reduced consumption of circulating fluidized bed boilers for burning a wide variety of fuels. For instance, according to a report published by the Indian Ministry of Petroleum & Natural Gas, the central public sector enterprise (CPSE) refineries has produced 7,103.76 thousand metric tons (TMT) of crude oil in April 2020 that is 28.91% lower than the target for the month and 36.93% lower than the production achieved in the corresponding month of 2019. This has severely affected the demand for circulating fluidized bed boilers among the oil refineries during the COVID-19 situation. In addition, factors such as financial stress, reduction of demand, and disruptions of the power supply chain have negatively impacted the power sector which in turn has decreased the demand for circulating fluidized bed boilers amid the COVID-19 scenario.

However, growth in global energy needs and fuel consumption is anticipated to push growth of the circulating fluidized bed boilers market post COVID-19 scenario. For instance, according to a report published by the U.S. Energy Information Administration, the organization of petroleum exporting countries (OPEC) crude oil production is expected to rise to an average of 28.7 million barrel per day by 2022. Also, both developed and developing economies such as the U.S., China, India, and others are constantly engaged in maximizing their refining capacities where circulating fluidized bed boilers are widely employed for fuel burning purpose. For instance, in February 2021 Numaligarh Refinery Limited (NRL) has increased its refining capacity from 3MMTPA to 9MMTPA (million metric tons per annum). This is expected to enhance the performance of the circulating fluidized bed boilers market post-COVID-19 scenario.

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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.

Oil and Gas Accumulator Market to Hit $814.4 Million by 2030, at a CAGR of 5.3%

Oil and Gas Accumulator Market

According to a new report published by Allied Market Research, titled, “Oil and Gas Accumulator Market by Type, Deployment Location, and Application: Global Opportunity Analysis and Industry Forecast, 2021–2030,” The global oil and gas accumulator market was valued at $488.3 million in 2020, and is projected to reach $814.4 million by 2030, growing at a CAGR of 5.3% from 2021 to 2030.

Rising industrial activities have led regulatory bodies, such as Occupational Safety and Health Administration (OSHA), Pressure Equipment Directive (PED), and others, to put more emphasis on equipment operating under extreme erratic pressure. Several hazards, such as well blowout, explosion, oil spills, and others, occur due to high-pressure fluctuations during exploration and drilling activities. Oil and gas accumulators are widely used to handle high-pressure fluctuations and leakage compensation in oil wells by utilizing the compressible and incompressible nature of nitrogen gas for reducing the risk factors of hazards. These factors are predicted to notably contribute toward the global market.

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By type, the market is segregated into bladder accumulator, piston accumulator, and diaphragm accumulator. The bladder accumulator type dominated the global market in terms of revenue in 2020, with over 52.6% of the total market share. The increasing global energy need has accelerated offshore oil production. The bladder accumulator being widely used for pressure holding and leakage compensation applications in offshore oil production may lead the oil and gas accumulators market to witness a significant increase in demand.

By deployment location, the global oil and gas accumulator market is classified into offshore and onshore. The offshore deployment segment dominated the global market in terms of revenue in 2020, with over 67.8% of the total market share. The rapid increase in global energy demand has made the oil-producing countries to put more emphasis on their oil production capacities. Thus, the use of oil and gas accumulators for pressure control, shock absorption, energy storage, and other applications in drilling and exploration activities may fuel the growth of the oil and gas accumulators in offshore locations.

By application, the market is fragmented into blow-out preventer, drilling rigs, mud pumps, and others. The blow-out prevent application dominated the global market, with over 45.3% of the total market share in 2020. The utilization of oil and gas accumulators in drilling rigs for controlling, RAMS blow-out preventer (BOP), annular blowout preventer, hydraulically operated gate valve (HCR), and other hydraulic equipment is the major key market trend in the global market. The rising awareness for work safety rules has led the key oil manufacturing companies to focus more on the safety of workers and equipment. This has increased the sales of oil and gas accumulators for preventing high-pressure blow-outs during emergencies.

Region-wise, the oil and gas accumulator market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific oil and gas accumulator market size is projected to grow at the highest CAGR during the forecast period and accounted for major oil and gas accumulator market share in 2020. Large oil and gas manufacturing companies are located in China and it has large number of oil manufacturers such as Sinopec. In addition, other major manufacturers of oil & gas in Asia-Pacific include China National Petroleum Corporation, China National Offshore Oil Corporation, Shaanxi Yanchang Petroleum, and others.

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Key players operating in the global oil and gas accumulator industry include Accumulators Inc., Airmo Inc., Bosch Rexroth AG, Eaton Corporation PLC (Eaton), HAWE Hydraulik SE, Hydac Verwaltung GmbH (Hydac), Hydroll, Nippon Accumulator Co., Ltd, NOK Corporation, and Parker Hannifin Corp.

COVID-19 analysis

The novel coronavirus is an incomparable global pandemic that has spread to over 180 countries and caused huge losses of lives and the economy around the globe. The oil and gas accumulator market has been negatively impacted due to the wake of the COVID-19 pandemic, owing to its dependence on the oil & gas, energy, and power sectors. According to a report published by Energy and Economic Growth Survey, the oil & gas sector is among the hardest hit sectors with an average contraction of -2.8% in 2020. More than 100 countries have locked their international borders for transportation and non-essential trade activities, which, in turn, led to demand-supply disruptions for the oil and gas accumulator market. Furthermore, temporary shutdown of oil refineries amid the COVID-19 period has reduced the consumption of oil and gas accumulators in onshore sites for pressure recovery applications. For instance, according to a report published by the Indian Ministry of Petroleum & Natural Gas, the central public sector enterprise (CPSE) refineries produced 7,103.76 thousand metric tons (TMT) of crude oil in April 2020 that is 28.91% lower than the target for the month and 36.93% lower than the production achieved in the corresponding month of 2019. This has severely affected the demand for oil and gas accumulators among the oil refineries during the COVID-19 situation where oil and gas accumulators are widely used for energy storage, leakage compensation, and other applications.

However, the growing global energy need and fuel consumption is anticipated to push the growth of the oil and gas accumulator market post COVID-19 scenario. For instance, according to a report published by the U.S. Energy Information Administration, the organization of petroleum exporting countries (OPEC), crude oil production is expected to rise to an average of 28.7 million barrel per day by 2022. This is expected to enhance the performance of the oil and gas accumulator market post-COVID-19 scenario.

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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.