A Market Place Research – Page 2762

Online Travel Market expanding at a healthy 14.8% CAGR, at projected to total $1,835.6 billion by 2031, Says AMR

Online travel has been negatively affected, owing to restrictions on interstate and local traveling, hotel visits, trade fairs, and cultural events visits

The travel market has evolved considerably over the past few years, owing to digitalization of travel services and the growth intravelling trend, worldwide. The proliferation of mobile devices largely supplements the growth of this market. The market is witnessing consolidation, with leading online travel agencies (OTAs) acquiring the start-ups and other smaller players, thereby, giving a tough competition to the established direct travel suppliers and travel agents.

According to a new report published by Allied Market Research, titled, “Online Travel Market by Service types, Platforms, Mode of booking and Age Group: Global Opportunity Analysis and Industry Forecast, 2022-2031,” The global online travel market was valued at $354.2billion in 2020, and is estimated to reach $1,835.6 billion by 2031, registering a CAGR of 14.8% from 2022 to 2031. Globally, the number of people in the middle and upper middle classes is increasing rapidly.

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People now opt for more than one trip every year with the growth in living standards and increased purchasing power. Furthermore, for convenience and easy transactions, people have started availing online travel services, thus saving time &resources, fostering the growth of the online travel market. Growth of the online travel market is driven by increase in internet penetration, rise in disposable income of people in emerging markets, and ease of comparing a variety of travel options online. Market players introduce innovative travel and vacation package deals to assist travelers’ in making sound travel decisions as per their spending capability, such as affordable packages for international destination, discounts on car rentals and cash back on international flights.

Political disturbance and natural calamities are some of the factors that restrain the growth of the online travel market .Furthermore, low digital literacy and unavailability of the internet connection in remote areas are expected to limit the growth of the market.Outbreak of COVID-19 negatively affected the growth of the online travel market in 2020. Frequent lockdown practices, social distancing and ban on travel and tourism in most of the countries were some of attributes for decreased growth of the market in 2020.

The players operating in the online travel industry have adopted product launch and business expansion as their key developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Expedia Group, Inc., Ebury Partners UK Ltd, Fareportal Inc. , Hostelworld.com Limited, Hurb Co S/A, HRS, Make MyTrip Ltd., Oracle Corporation, Priceline (Booking Holdings Inc.), SABS Travel Technologies, Tavisca Solutions Pvt. Ltd., Thomas Cook India Ltd., travelomatix.com, Trip.com Group, Tripadvisor, Inc., and WEX Inc

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According to the online travel market opportunities, region-wise, North America dominated online travel market share and is expected to be dominant during the forecast period. Surge in demand for travelers seeking perfectly clean sites and personalized services in a normal environment also increases the demand for tourism packages in the North America. Growth in number of trip per year and emergence and increase in demand for agro tourism, eco-tourism are further attributable for the growth of the market in North America.

Key Findings Of The Study

The online travel market size was valued at $354.2billionin 2020, and is estimated to reach $1,835.6billionby 2031, registering a CAGR of 14.8% from 2022 to 2031.
In 2020, depending on service types, the transportation segment acquired $145.8 billion, garnering 41.2% of the global market share.
On the basis of platforms, the mobile segment acquired $108.8 billion, exhibiting 30.7% of the global market share.
In 2020, by mode of booking, the direct travel suppliers segment was valued at $197.3billion, accounting for 55.7% of the market share.
U.S. was the most prominent market in North America in 2020, and is projected to reach $93.2 billion by 2031, growing at a CAGR of 12.0% during the forecast period.

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

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Surgical Waste Management Market New Opportunities, Top Trends, Rising Demand, Emerging Growth, Business Development

The waste, which is left out after a surgical procedure such as pathological & anatomical waste, bulk human blood, blood products, bulk body fluids, or other potentially infectious material (OPIM), microbiological waste is called as surgical waste. Hence, surgical waste management has to be done as it is responsible for the spread of various diseases.

List of Key Players

Comprehensive competitive analysis and profiles of major market players such as Bertin Technologies, Hazardous Waste Experts, Hydroclave Systems, Incinerator Consultants, Medasend Biomedical, Medassure Service, Biomedical Transport Solutions, BONDTECH AB, BWS, Inc., and Celitron Medical Technologies Kft. are also provided in this report.

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Increase in spread of diseases and technological advancements in surgical waste management devices and instruments drive the market. However, lack of regulations for surgical waste management especially in the developing countries such as China, India, Brazil, and others impede the market growth. Moreover, the increase in demand for automation in surgical waste management create lucrative opportunities for key market players.

The surgical waste management market is segmented based on type of waste, service, treatment type, treatment site, and geography. Based on type of waste, the market is bifurcated into nonhazardous waste and hazardous waste (infectious and pathological waste, sharps, pharmaceutical waste, and other medical waste). Based on service, the market is classified into collection, transportation and storage, treatment and disposal, recycling, and other services. Based on treatment type, the market is categorized into incineration, autoclaving, chemical treatment, and other treatments. Based on treatment site, the market is classified into offsite and onsite. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Key Benefits

This report provides an extensive analysis of the current and emerging market trends and dynamics in the global surgical waste management market.
In-depth analysis is conducted by constructing market estimations for key market segments between 2017 and 2023.
This study that evaluates the competitive landscape and value chain is taken into account to help understand the competitive environment globally.
Comprehensive analysis of factors that drive and restrict the growth of the global surgical waste management market is provided.
This report provides the quantitative analysis of the current market and estimations from 2017-2023, which assists in identifying prevailing market opportunities
Comprehensive analysis of all regions is provided that determines prevailing opportunities in these regions.

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. 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 domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

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 the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Construction Lifts Market Advance Technology And New Innovations 2030

The construction lifts market size was valued at $376.4 million in 2020, and is projected to reach $723.0 million by 2030, growing at a CAGR of 6.8% from 2021 to 2030. The construction lifts are equipment that are used in construction sites to transport material at higher floors during construction. In addition, these lifts are also useful to carry workers to reach areas for making fine finishing details.

Factors such as surge in the construction market in developing economies and efficient transport systems to carry building material drive the global construction lifts market. However, high maintenance cost of construction lifts creates hindrances in the market growth. The introduction of IoT is expected to create opportunities for market players.

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Covid-19 Scenario:

The Covid-19 pandemic has affected various sectors of the economy including the construction, hotel, and transport industries.
Manufacturing activities of construction lifts got affected along with transportation and supply chain on the global scale.
As the lockdown restrictions are getting lifted, manufacturing activities will be on track. This is expected to help the global construction lifts market to grow.

The report offers detailed segmentation of the global construction lifts market based on capacity, end-user, business type, construction type, building type, and region.

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Based on capacity, the more than 6000 lbs segment accounted for the largest market share in 2020, contributing to more than half of the total share, and is expected to maintain the lead throughout the forecast period. The same segment is estimated to witness the fastest CAGR of 7.0% from 2021 to 2030. The report also talks about the less than 6000 lbs segment.

Based on the end-user, the residential sector segment contributed to the largest share in 2020, accounting for more than three-fifths of the global construction lifts market. The same segment is expected to lead the market, manifesting the highest CAGR of 7.1% from 2021 to 2030. The report also covers the non-residential sector segment.

Based on region, Asia-Pacific, followed by North America and Europe, contributed to the highest share in 2020, holding nearly two-fifths of the total share, and is expected to maintain the lead throughout the forecast period. On the other hand, LAMEA is expected to portray the fastest CAGR of 8.1% during the forecast period.

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Leading Players:

Leading players of the global construction lifts market analyzed in the research include Fraco Products Ltd., Alimak Group AB, Electroelsa Srl, Gaoli Engineering Machinery Co., Ltd, GEDA GmbH, CABR Construction Machinery Technology Co. Ltd, Saeclimber, Maber, STROS – Sedlcanské strojírny, a. s. and XL Industries.

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India Skin Care Products Market is projected reach $5,033.7 million by 2027, registering a CAGR of 9.5% from 2021 to 2027

According to a new report published by Allied Market Research, titled, “India Skin Care Products Market by Product Type, Demographics, Age Group, and Sales Channel: Opportunity Analysis and Industry Forecast, 2021–2027,” the India skin care products market size was valued at $2,478.4 million in 2017, and is projected reach $5,033.7 million by 2027, registering a CAGR of 9.5% from 2021 to 2027. The skin care products market in India is experiencing constant growth, owing to increase in shelf space in retail stores and boutiques across the country. Moreover, many multinational brands such as L’oréal S.A. and Beiersdorf AG have entered into the Indian market, and are focusing on increasing their customer base through their respective pricing strategies and by providing high-quality products to consumer.

Various herbal cosmetics brands, including Patanjali Ayurved., Dabur, and Himalaya Herbals are witnessing increase in popularity, owing to rise in inclination of Indian consumers toward natural and herbal skin care products, which significantly contributes toward the growth of the market. Moreover, rise in disposable income, increase in adoption of natural skin care products, and support from government to cosmetic enterprises for local expansion are expected to boost the growth of the market during the forecast period.

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With regard to the increasing number and diversity of men’s cosmetic product usage in the Indian market, it appears that Indian men are now using many new facial care products with added vitamins & plant extracts and moisturizing agents, as well as skin care products mixed with vitamin A and vitamin E. Thus, increase in consciousness among men regarding their appearance and personal well-being has augmented the growth of the market.

Beauty bloggers and social media influencers are creating new growth avenues for the market. Moreover, increase in advertisement along with product knowledge on social media sites such as Facebook, YouTube, Instagram, and Twitter has increased the awareness regarding skin care products, especially among millennial and generation X consumers of India. In addition, large number of local YouTubers are now hosting popular channels to demonstrate product reviews and tutorials, which, in turn, drive the growth of the market.

The market is studied on the basis of product type, demographics, age group, and sales channel. Depending on product type, the market is categorized into cream, lotion, and others. By demographic, it is bifurcated into male and female. By age group, it is segregated into generation X, millennial, and generation Z. As per sales channel, it is classified into supermarket/hypermarket, specialty stores, department stores, beauty salons, pharmacies & drug stores, and online sales channel.

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Key Findings Of The Study

Depending on product type, the cream segment dominated the market in 2017, and is expected to retain its dominance throughout the forecast period.
By demographics, the female segment accounted for highest share in the India skin care products market growth in 2017, and is projected to grow at a CAGR of 9.1% from 2021 to 2027.
On the basis of age group, the millennials segment led the market demand in 2017, and is expected to retain its dominance throughout the India skin care products market forecast period.
As per sales channel, the supermarket/hypermarket led the India skin care products market share in 2017 and is projected to register a CAGR of 7.6% from 2021 to 2027.

The key players operating in the India skin care products market analysis includes Procter & Gamble, Patanjali Ayurved Limited, The Estée Lauder Companies Inc., Emami Limited, Johnson & Johnson Services, Inc., the Himalaya Drug Company, Dabur, Kao Corporation, Unilever Plc., L’oréal S.A., and Beiersdorf AG.

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Montelukast Sodium Market Size Analysis, Competitive Landscape, Revenue Status, Future Opportunities and Demand by Top Key Players

Montelukast sodium is a leukotriene inhibitory agent that is used for many indications that includes asthma, exercise induced bronchospasm, allergic rhinitis, primary dysmenorrhea and urticaria. It is generally used as a complementary therapy in adults along with inhaled corticosteroids, if the effect produced by corticoids are not optimum. Key factors driving the growth of this market are the rise in respiratory diseases coupled with the growing geriatric population. However, side effects related to montelukast sodium such as stomach pain, heartburn, upset stomach, nausea, and diarrhea will surely impede the market growth. Moreover, the increasing R&D investments to develop novel drugs and the advancements in technology will create lucrative opportunities for key market players.

List of Key Players

The key players of the market included in the report are Merck Sharp & Dohme Corp., Morepen Laboratories, Teva Pharmaceutical Industries Ltd., Mylan N.V., Roxane Laboratories, Inc., Glenmark Generics Ltd, Sandoz International GmbH, Vintage Pharmaceuticals Inc., Kudco Ireland Ltd., and Apotex Corp.

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The montelukast sodium market is segmented based on product type, dosage form and region. Based on product type this market is segmented into montelukast sodium amorphous and montelukast sodium crystalline. Further, based on dosage form this market is segmented into tablets, chewable tablets and oral solutions. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Key Benefits

The study provides an in-depth analysis of the global montelukast sodium market, with current trends and future estimations to elucidate the imminent investment pockets.
It presents a quantitative analysis from 2016 to 2023 to enable the stakeholders to capitalize on prevailing market opportunities.
Extensive analysis of the market by product type elucidates the various forms of available montelukast sodium types.
Key players are profiled and their strategies are analyzed thoroughly, which predict the competitive outlook of the market.
By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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. 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 domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

Deep Brain Stimulation Devices Market Is Projected To Reach $2,802.6 Million By 2026 | Registering A CAGR Of 15.5%

According to the “Deep Brain Stimulation Devices Market” report published by the Allied Market Research, the study presents impending revenue forecast of the industry for the next few years coupled with imminent market trends and opportunities. Moreover, the study also doles out different logical tables and graphs to identify the complexities of the market.

The global deep brain stimulation devices market was valued at $881.9 million in 2018, and is projected to reach $2,802.6 million by 2026, registering a CAGR of 15.5%. Deep brain stimulation is defined as a surgery that involves the implantation of an electrical device in the body. This device is responsible for sending electrical signals to the areas of brain, which are responsible for body movement.

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Rise in prevalence of lifestyle diseases such as depression and chronic pain, increase in number of neurological disorders, and investment for neurological R&D are the factors that drive the growth of the global deep brain stimulation devices market. Moreover, rise in demand for minimal invasive surgery, adoption of technologically advanced products, and surge in aging population also propels the deep brain stimulation devices market growth as they are more susceptible to neurological disorders such as Epilepsy, Parkinson’s disease, Alzheimer’s disease, and chronic pain.

The deep brain stimulation devices market is classified on the basis of application, end user, and region. Based on application, the market is classified into Parkinson’s disease, epilepsy, essential tremor, dystonia, obsessive compulsive disorder, and others. On the basis of end user, the market is categorized into hospitals, ambulatory surgical centers, neurological clinics, and others. Region wise, the deep brain stimulation devices market size is analyzed across Asia-Pacific, LAMEA. North America, and Europe.

North America accounted for the major share of the deep brain stimulation devices market size and is expected to continue this trend, owing to higher number of R&D activities, presence of skilled technicians, and wide availability of technologically advanced deep brain stimulation devices. Moreover, surge in prevalence of various neurological disorders is another factor that boost the deep brain stimulation devices market in the region.

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Key Benefits:

• This report entails a detailed quantitative analysis along with the current global deep brain stimulation devices market trends from 2019 to 2026 to identify the prevailing opportunities along with the strategic assessment.
• The deep brain stimulation devices market forecast is studied from 2019 to 2026.
• The deep brain stimulation devices market size and estimations are based on a comprehensive analysis of key developments in the deep brain stimulation devices industry.
• A qualitative analysis based on innovative products facilitates strategic business planning.
• The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the market

The research offers an extensive analysis of key players active in the global deep brain stimulation devices market include bbott Laboratories, Aleva Neurotherapeutics SA, Boston Scientific Corporation, Functional Neuromodulation Ltd., Beijing PINS Medical Co., Ltd., Medtronic plc, NeuroPace Inc., Nevro Corporation, and Neuronetics Inc.

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About Us:

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

AMR 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.

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Held Pulse Oximeter Market Top Company Analysis, Growth Factors, Demand by Regions, Business Opportunities, Key driven Factors Forecast to 2029

Held pulse oximeters are non-invasive devices that are attached to the fingertip. These held pulse oximeters monitor the heart rate and measure the oxygen saturation level of a person. Held pulse oximeters are widely used in medical institutes and hospitals. It is more sophisticated when compared with traditional counterparts. In this type of pulse oximeter, the screen is not attached to the clip, but a cable is used to attach the clip to the screen. The screen displays other information related to the diagnosis apart from the oxygenated blood level. This device uses infrared rays to measure the reading.

List of Key Players

The key players of the global held pulse oximeters market are Contec Medical Systems Co., Ltd., General Electric Company, Halma plc, Koninklijke Philips N.V., Masimo Corporation, Medtronic plc, Nonin Medical, Inc., Omron Corporation, CareFusion Corporation, and Smiths Group plc

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The major factors that drive the growth of the held pulse oximeters market are advancements in technology such as development of easy to use and light weight pulse oximeters, increased adoption of oxygen saturation level monitoring devices in home care settings, and a favorable reimbursement scenario in many countries. In addition, a rise in the incidence of chronic diseases such as COPD, sleep apnea, and geriatric population fuel the demand for held pulse oximeters. Furthermore, these devices are used for fitness monitoring, which is why held pulse oximeters are also used in ambulatory surgery centers (ASCs) for routine check-ups, which boost the market growth. However, lack of awareness about these devices in low- and middle-income countries is projected to hamper the market growth.

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The report segments the global held pulse oximeters market based on application and end user. Based on application, the market is categorized into blood-oxygen monitoring, pulse rate monitoring, and others. In terms of end user, the market is segmented into hospitals & clinics, ambulatory surgical centers (ASCs), and homecare settings. The market has been analyzed on the basis of four geographical regions, which include North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, India, Australia, Malaysia, and rest of Asia-Pacific), and LAMEA (Brazil, the Middle East, Africa, and rest of LAMEA).

𝐀𝐕𝐄𝐍𝐔𝐄- 𝐀 𝐒𝐮𝐛𝐬𝐜𝐫𝐢𝐩𝐭𝐢𝐨𝐧-𝐁𝐚𝐬𝐞𝐝 𝐋𝐢𝐛𝐫𝐚𝐫𝐲 (𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐨𝐧-𝐝𝐞𝐦𝐚𝐧𝐝, 𝐬𝐮𝐛𝐬𝐜𝐫𝐢𝐩𝐭𝐢𝐨𝐧-𝐛𝐚𝐬𝐞𝐝 𝐩𝐫𝐢𝐜𝐢𝐧𝐠 𝐦𝐨𝐝𝐞𝐥) 𝐎𝐟𝐟𝐞𝐫𝐞𝐝 𝐛𝐲 𝐀𝐥𝐥𝐢𝐞𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

𝐆𝐞𝐭 𝐚𝐧 𝐚𝐜𝐜𝐞𝐬𝐬 𝐭𝐨 𝐭𝐡𝐞 𝐥𝐢𝐛𝐫𝐚𝐫𝐲 𝐨𝐟 𝐫𝐞𝐩𝐨𝐫𝐭𝐬 𝐚𝐭 𝐚𝐧𝐲 𝐭𝐢𝐦𝐞 𝐟𝐫𝐨𝐦 𝐚𝐧𝐲 𝐝𝐞𝐯𝐢𝐜𝐞 𝐚𝐧𝐝 𝐚𝐧𝐲𝐰𝐡𝐞𝐫𝐞. 𝐅𝐨𝐫 𝐦𝐨𝐫𝐞 𝐝𝐞𝐭𝐚𝐢𝐥𝐬, 𝐟𝐨𝐥𝐥𝐨𝐰 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤: https://www.alliedmarketresearch.com/library-access

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. 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 domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

Thermoelectric Coolers Market Growth, Size, Trends, Share, Opportunities and Forecast to 2030

The thermoelectric coolers market size was valued at $0.6 billion in 2020, and is expected to reach $1.3 billion by 2030, registering a CAGR of 8.7% from 2021 to 2030. Thermoelectric cooling is based on the Peltier effect. The effect creates a temperature difference by transferring heat between two electrical junctions. These thermoelectric coolers are manufactured in standard designs or specially designed as per requirement of customers.

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COVID-19 Scenario-

The outbreak of the pandemic led to decrease in demand for electric vehicles across the world, which in turn impacted the global thermoelectric coolers market negatively.
However, the global situation is getting better at a slow & steady pace, and the market is anticipated to recoup soon.

The single stage segment to retain the lion’s share-

Based on model, the single stage segment contributed to more than three-fourths of the global thermoelectric coolers market share in 2020, and is expected to lead the trail by the end of 2030, owing to its wide range of applications in end-user products. The multi-stage segment, on the other hand, would cite the fastest CAGR of 9.5% throughout the forecast period. This is due to rise in demand for high capacity of thermoelectric coolers.

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The standard design segment to dominate by 2030-

Based on design, the standard design segment accounted for 91.5% of the global thermoelectric coolers market share in 2020, and is expected to rule the roost 2030, owing to its universal applications in all standard manufactured products. The special design segment, on the other hand, would cite the fastest CAGR of 9.7% during the forecast period. This is attributed to surge in demand thermoelectric coolers for special design products.

Asia-Pacific, followed by North America, held the major share in 2020-

Based on region, Asia-Pacific, followed by North America, held the major share in 2020, garnering more than three-fourths of the global thermoelectric cookers market. This is owing to large scale manufacturing of air cooling systems by the top players in the market. The market across LAMEA would portray the fastest CAGR of 9.8% from 2021 to 2030. Rapid urbanization and industrialization in the region drive the market growth in this region.

Key players in the industry-

Ferrotec Corporation
II-VI Incorporated
Kryotherm Industries
Merit Technology Group
Thermion Company
TE Technology, Inc.
Z-MAX Co. Ltd.
Crystal Ltd.
Thermonamic Electronics (Jiangxi) Corp., Ltd.
Xiamen Hicool Electronics Co., Ltd.

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

Commercial Undercounter Dishwasher Market is projected to reach $4,072.7 million by 2030, registering a CAGR of 3.8% from 2021 to 2030

According to a new report published by Allied Market Research, titled, “commercial undercounter dishwasher market by product, end-user, and distribution channel: global opportunity analysis and industry forecast, 2021–2030,” the global commercial undercounter dishwasher market size was valued at $2,864.0 million in 2020, and is projected to reach $4,072.7 million by 2030, registering a CAGR of 3.8% from 2021 to 2030.

The eating-out culture is gaining high traction across the globe. According to the National Center for Biotechnology Information (NCBI), dining out is more frequent among the younger, employed, unmarried, higher income group, urban resident, highly educated, and male population. As per the study of the NCBI, people who skip breakfast showed a higher tendency to eat out more frequently. Over the past few decades, the eating-out culture has increased significantly, due to increase in employment among women, rise in number of nuclear families, and surge in household income.

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Furthermore, rise in number of foodservice entities such as restaurants, catering units, hotels, cafeterias, and similar units is fueling the commercial undercounter dishwasher demand. Moreover, increase in number of medium and small-sized restaurants is a major growth driver of the global market, as undercounter dishwasher serves the budget, space limitations, and cleaning needs of these restaurants. According to the National Restaurant Association, 12.5 million restaurants were operating in the U.S. in 2020, out of which 90% restaurants have less than 50 employees that indicates the small- and medium-sized restaurants. Around 70% of the restaurants have single-unit operations.

The outbreak of the COVID-19 disease in 2020 hampered the commercial undercounter dishwasher market growth. The globe faced complete lockdown situation and travelling restricts imposed by the government in order to curb the spread of the virus. The major end-users of commercial undercounter dishwasher such as hotels and restaurants remained closed for long. This drastically reduced the demand for the commercial undercounter dishwasher industry in 2020.

The global commercial undercounter dishwasher market is segmented on the basis of product, end-user, distribution channel, and region. On the basis of product the commercial undercounter dishwasher market is bifurcated into high temperature and low temperature. By end-user, it is segregated into hotels, restaurants, and others. On the basis of distribution channel, it is segregated into supermarket/hypermarket, specialty stores, and online sales channel. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).

According to the commercial undercounter dishwasher market forecast, on the basis of product, the low temperature segment was the highest contributor to the market, accounting for $1,912.8 million in 2020, and is expected to sustain its significance during the forecast period, owing to the presence of high number of small and medium-sized foodservice entities that faced space and budget restrictions.

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On the basis of end-user, the restaurants segment exhibited a market share of around 55.5% in 2020 due to the rapid penetration of restaurants across the globe, especially in North America and Europe, where the restaurants sector highly influences the gross domestic product of the region.

As per the commercial undercounter dishwasher market trends, by distribution channel, the online sales channel is expected to show the highest growth rate due to the growing adoption of internet and rising popularity of online retailers such as Amazon, Flipkart, and Walmart.

According to the global commercial undercounter dishwasher market analysis, in 2020, Europe dominated the market, garnering around 41.2% of the total commercial undercounter dishwasher market share, followed by North America. The European economy is significantly influenced by the presence large number of family run small and medium-sized hotels and restaurants.

Players operating in the global commercial undercounter dishwasher market have adopted various developmental strategies to expand their market share, exploit the commercial undercounter dishwasher market opportunities, and increase profitability in the market. The key players profiled in this report include AB Electrolux, Ali Group SRL, CMA Dishmachine, Fisher & Paykel Appliances, Inc., Illinois Tool Works, Inc., JLA Ltd., Jacksons WWS, Inc., Miele & Cie KG, The Clarke Associates Co., and Winterhalter Gastronom GmbH.

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Key findings of the study

The global commercial undercounter dishwasher market size was valued at $2,864.0 million in 2020, and is projected to reach $4,072.7 million by 2030, registering a CAGR of 3.8% from 2021 to 2030.
By product, the low temperature segment was the highest contributor to the market, with $1,912.8 million in 2020, and is estimated to reach $2,691.6 million by 2030, at a CAGR of 3.7% during the forecast period.
By end-user, the restaurants segment was the highest contributor to the market, with $1,591.8 million in 2020, and is estimated to reach $2,187.2 million by 2030, at a CAGR of 3.5% during the forecast period.
By distribution channel, the specialty stores segment was the highest contributor to the market, with $1,676.1 million in 2020, and is estimated to reach $2,308.1 million by 2030, at a CAGR of 3.5% during the forecast period

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Waste Management: New Technologies Driving the Energy from Waste Industry

The global waste management market size was valued at $1,612.0 billion in 2020, and is expected to reach $2,483.0 billion by 2030, registering a CAGR of 3.4% from 2021 to 2030. The report includes revenue generated from treatment of nonhazardous solid waste of residential and non-residential users. Further, rise in urban population is expected to result in growth in waste generation. In addition, rise in industries and commercial sector has also led to rise in amount of waste.

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COVID-19 scenario:

The outbreak of the COVID-19 pandemic led to the global lockdown and temporary closure of almost all offices and industries, thereby drastically affecting the waste production.
However, the municipal waste from residential areas were increased to some extent.
Also, due to decline in operational activities, demand for recyclable materials such as rubber and plastic were decreased.
However, reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to lead to re-initiation of waste management companies and waste recycle industry at their full-scale capacities.

The report offers detailed segmentation of the global waste management market based on type, service, and region.

Based on type, the industrial waste segment held the highest market share in 2020, holding 93.8% of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the hazardous waste segment is estimated to register the highest CAGR of 6.4% from 2021 to 2030.

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Based on service, the disposing segment held the largest market share in 2020, holding more than half of the total market share, and is expected to continue its leadership status during the forecast period. Moreover, the same segment is projected to register the highest CAGR of 3.6% from 2021 to 2030.

Based on region, Asia-Pacific contributed to the highest share in terms of revenue in 2020, holding more than half of the global waste management market, and is estimated to continue its dominant share by 2030. However, LAMEA region is projected to manifest the fastest CAGR of 3.9% during the forecast period.

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Leading players of the global waste management market analyzed in the research include Biffa Plc, Clean Harbors, Inc., Covanta Holding Corporation, Daiseki Co., Ltd., Hitachi Zosen Corporation, Remondis Se & Co. Kg, Republic Services, Inc., Suez, Veolia Environnment, and Waste Management Inc.