A Market Place Research – Page 76

Augmented Intelligence Market Size Soars as AI and Human Collaboration Thrives | Projected to Gain USD 121.57 Billion by 2030

The size of the global Augmented Intelligence Market, which was estimated to be worth $11.73 billion in 2020, is expected to increase to $121.57 billion by 2030, rising at a CAGR of 26.4% between 2021 and 2030.

Augmented-Intelligence-Market,-2021-2030

While artificial intelligence and enhanced intelligence are both forms of intelligence, the former’s primary objective is to replace human labor while the latter seeks to support humans in their work. Additionally, enhanced intelligence involves humans and machines cooperating to increase their strength and generate more profit.

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Depending on industry vertical, the IT & telecom segment dominated the market share in 2020, and is expected to continue this trend in the upcoming years. This is attributed to rise in adoption of cloud-based augmented intelligence software by various telecommunication industries to improve their business efficiency and to enhance the quality of the product. However, the healthcare industry is expected to witness the highest growth rate during the forecast period, as it is used to help physicians and nurses analyze large volumes of electronic medical records, thereby helping in diagnosing and treating patients more effectively.

Augmented Intelligence is increasingly emphasizing collaboration between humans and AI. Rather than replacing human workers, AI tools and systems are designed to augment human capabilities, enhancing decision-making and productivity across various industries. This trend is fostering a harmonious relationship between technology and human expertise. As AI adoption grows, so does the importance of ethical considerations. There’s a heightened focus on ensuring AI systems are transparent, unbiased, and accountable. Augmented Intelligence solutions are incorporating ethical principles, addressing issues like bias, fairness, and privacy to build trust among users and regulators.

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Augmented Intelligence is becoming more industry-specific. Tailored solutions are emerging to address unique challenges in sectors such as healthcare, finance, manufacturing, and retail. These domain-specific applications are driving innovation and efficiency in various fields.

Augmented Intelligence relies on advanced data analytics to deliver meaningful insights. The integration of AI with data analytics tools is enabling businesses to extract actionable intelligence from vast datasets. This trend empowers organizations to make data-driven decisions and uncover hidden opportunities.

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The outbreak of COVID-19 is anticipated to have a positive impact on growth of augmented intelligence market. In addition, healthcare is one of the main industries where COVID-19 has driven significant increase in usage of augment decision making to replace manual processes with analytics applications that augment their ability to make timely decisions. Moreover, banking sector is rapidly adopting augmented intelligence to process and analyze key data such as their customer acquisition cost, customer lifetime value as well as to find the trends of products that are growing in popularity. In addition, the gained insights will allow banks to correctly promote the right services to the right customer demographic utilizing an optimized budget to capture more market share.

The key players profiled in the augmented intelligence market analysis are Amazon Web Services, Inc., International Business Machines Corporation, Micron Technology, Inc., Microsoft Corporation, QlikTech International AB, Salesforce.com, Inc., Samsung, SAP SE, Sisense Inc. and TIBCO Software Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the augmented intelligence industry.

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

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Heavy Construction Equipment Market: Building the Future with Power and Precision

Heavy Construction Equipment Market: Building the Future with Power and Precision

Heavy construction equipment is heavy duty vehicles or machinery that are specifically built to execute construction activities, most commonly excavation, material handling, earthwork operations or other significant construction tasks. The market is driven by investment in residential, commercial, and industrial sectors, global economic growth and increase in public-private partnership.

The global heavy construction equipment market size was valued at $176.2 billion in 2020, and is projected to reach $273.5 billion by 2030, registering a CAGR of 4.4% from 2021 to 2030.

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Expansion of construction industry in various countries has provided significant opportunities for heavy construction equipment market growth. For instance, China’s central government established a goal in November 2020 of having 70% of new safe building construction completed by 2022 according to its own criteria. Similarly, in May 2019, the Indian government proposed a $1.5 trillion investment plan in the building sector for a six-year period ending in 2025. This investment is aimed at enhancing the building quality of schools and higher education facilities as well as health, sports, and basic infrastructure.

Key Segments:

By END USER

Infrastructure
Construction
Mining
Oil & Gas
Manufacturing
Others

By APPLICATION

Excavation & Demolition
Heavy Lifting
Tunneling
Material Handling
Recycling & Waste Management

By Region

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

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Top Players:
The key market players profiled in the heavy construction equipment industry report include Caterpillar Inc., CNH Industrial N.V., Deere & Company, Doosan Infracore Co Ltd., Hitachi Construction Machinery Co. Ltd., J C Bamford Excavators Ltd., Komatsu Ltd., Liebherr International AG, Volvo Group and XCMG Group.

The heavy construction equipment market is segmented into equipment type, which includes material handling equipment, heavy construction vehicles, earthmoving and others. Among these, the earthmoving equipment segment accounts for the largest market size by value, owing to low operating costs and rising demand from diverse sectors such as building and construction, infrastructure, mining, oil & gas and forestry.

Furthermore, excavators are construction vehicles that are used to dig up or transport large objects. Excavators are made up of two main components: a driving base and a strong boom arm with an excavation attachment. The arm is controlled by the operator, who sits in a compact cab linked to the base. Various key players are manufacturing advanced excavator machines for efficient work and reduce operational time. For instance, in December 2020, Hitachi Construction introduced 12-ton and 20-ton excavator equipment for construction use. These machines are battery powered prototype and offers higher weight class than ordinary excavators.

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A Comprehensive Analysis of the Printing Machinery Market Projected to Reach $20.5 Bn by 2031

Printing machine is a type of machine by which text and images are transferred from movable type to paper or other media by means of ink. Printing machinery are used for every application dealing with printing of texts, designs and images which is growing its adoption. In adoption, the use of printing machinery in offices and different institutional organizations is another factor driving the growth of the market.

Rise in disposable income of consumers around the world and newspapers, magazines, books among other products of the global print media industry becoming more affordable are expected to boost the printing machinery market growth. In addition, rising global population and urbanization are also causes behind the continued demand of print media in advertising applications worldwide.

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Printing machines are used widely in the advertising industry for printing of posters, flyers, billboards, flexes, among other applications. Print media and printing of labels also find application in various office and admin use due to its high printing speed. These machines are used to print magazines, newspapers, books, labels and find application in office and admin use due to the high speed of printing. However, replacement of conventional printers with digital printers is expected to limit the affordability options for customers, which in turn is expected to limit the growth of the market.

The printing machinery market size was valued at $16.5 billion in 2021, and is estimated to reach $20.5 billion by 2031, growing at a CAGR of 2.2% from 2022 to 2031.

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By End User

Packaging
Publication
Others

By Business Type

OEM
Aftermarket

By Region

North America (U.S., Canada, Mexico)
Europe (Germany, UK, France, Italy, Spain, Netherlands, Switzerland, Rest Of Europe)
Asia-Pacific (China, Japan, South Korea, India, Rest Of Asia-Pacific)
LAMEA (Latin America, Middle East, Africa)

Top Players:

The key players that operate in the printing machinery market are 3D Systems, Apex Machine Company Inc., Autoprint Machinery Manufacturers Pvt. Ltd., Canon Inc., Docod Precision Group Co. Ltd, Einbecker Kennzeichnungssysteme GmbH (EKS), Heidelberger Druckmaschinen AG, HP Development Company, LP, Koenig & Bauer AG, Komori Corporation, Laser Lines, Mark Andy, Manroland Goss, Printronix, Proto Labs, Inc., Weber packaging Solutions, Inc., and Zhejiang Feida Machinery Co. Ltd.

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Platform-as-a-Service Market Size Skyrockets as Cloud Computing Dominates | Forecast to Hit USD 319 Billion by 2030

The size of the global platform as a service market, which was estimated to be worth $44 billion in 2020, is expected to increase to $319 billion by 2030, growing at a CAGR of 22.0% between 2021 and 2030.

Consumer preferences for online stores where they can buy goods and services are changing. During the COVID-19 epidemic, the world saw an increase in consumer online buying. E-commerce merchants expanded by over 15% in the United States. Additionally, from 2019 to 2020, internet retail sales in European nations climbed by more than 30%. The demand for platform as a service market increased due to the surge in internet shopping trends driven by several organizations and businesses, as well as investments in technologies like edge computing and specialized cloud services.

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In 2019, the global platform as a service market share was dominated by the application PaaS segment, and is expected to maintain its dominance in the upcoming years. The growing capital investment on application development for mobile, web and enterprise promises significant growth opportunity for application PaaS market. Technology advancements in PaaS services such as AI capabilities are estimated to expand the application platform as a service market. Furthermore, rise in popularity of cloud-based services is further expected to propel application platform as a service industry growth during the projected period.

Organizations are increasingly embracing multi-cloud strategies, utilizing PaaS offerings from multiple cloud providers. This trend enhances flexibility, mitigates vendor lock-in, and allows businesses to choose the best-fit cloud services for their specific needs, ultimately driving PaaS market growth. The adoption of containerization technologies, particularly Kubernetes, is on the rise within the PaaS ecosystem. PaaS providers are integrating container orchestration tools, simplifying application deployment and management. This trend streamlines the development process and fosters scalability and portability.

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Low-code and no-code development platforms are gaining traction within the PaaS market. These platforms enable organizations to create applications with minimal coding efforts, making application development accessible to a broader range of users. This democratization of app development accelerates innovation and reduces development time.

With the increasing importance of data security and regulatory compliance, PaaS providers are enhancing their security features. Encryption, identity management, and compliance tools are becoming integral parts of PaaS offerings. As data privacy concerns grow, this trend is crucial for building trust with customers.

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The global COVID pandemic has been favorable to the global platform-as-a-service industry, which is projected to grow post the COVID-19 pandemic. This growth in the platform-as-a-service market trend was owing to a sudden boom in digitalization of businesses across the globe, as the spread of COVID was at an incline and social distancing measures for the safety of people encouraged governments to enforce policies that heavily impacted brick and mortar stores and led to an increase in demands for platform-as-a-service solutions during the period helping businesses to achieve efficient and optimized operations.

Some of the key companies mentioned within the report are AWS, Microsoft, Alibaba Cloud, IBM, Salesforce, Google, Oracle, SAP, Zoho Corporation and Mendix.

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Construction Dumper Market Current Outlook Developing Business Opportunities by 2031

The Construction Dumper Market Analysis

Dumpers trucks are essential pieces of machinery designed to haul heavy loads of materials such as gravel or dirt. This construction equipment is highly adopted in mining, forestry & agriculture and construction sectors. However, there are two different kinds of construction dumpers trucks which include rigid and articulated. Articulated dump trucks provide greater flexibility by separating the cab and the body. However, rigid dump trucks may still prove more effective in certain working conditions and circumstances.

The global construction dumper industry was estimated at $16.8 billion in 2021, and is anticipated to hit $27 billion by 2031, registering a CAGR of 4.8% from 2022 to 2031.

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Major driving factors of the construction dumper market are extensive increase in investments by governments, majorly in developing countries on constructing new infrastructures such as roads, dams, tunnels, residential & commercial buildings, and other public infrastructures. Moreover, expansion of mining sector for extracting metals, coal and minerals are fueling the construction dumper market growth. However, cost of construction dumpers is slightly high which negatively impacts the market. In addition, lack of skilled & qualified operators and decrease in new construction activity are few factors that hinder the market growth. Moreover, introduction of technologically advanced equipment in mining sector is expected to provide future growth opportunities in the market.

Increase in infrastructure, residential, and commercial construction activities and surge in demand for tunnels, bridges, and highways drive the growth of the global construction dumper market. On the other hand, lack of skilled and qualified drivers impedes the growth to some extent. However, upsurge in government investments in several infrastructural projects has created lucrative opportunities in the industry.

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In 2021, Asia-Pacific dominated the global market and accounted for majority of construction dumper market share in terms of revenue. Moreover, the market in Asia-Pacific is growing with high CAGR, owing to urbanization, industrial & infrastructure development in countries such as China, India, and Japan. Moreover, favorable government investments to promote infrastructure construction such as roads, bridges, highways, and tunnels propel the market growth.

Top Players:
Hitachi, Ashok Leyland Ltd, Mercedes-Benz, Bobcat, Caterpillar, VOLVO, Atlas Copco, BEML Ltd., Podemcrane, Komatsu, JCB, CNH, Optimas GmbH, John Deere, Liebherr Group, Kenworth, Parker

Segmentation Based On:

By Application –

Construction
Others
Mining

By Fuel Type –

Gasoline
Diesel
CNG

By Region –

North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Russia, Poland, Netherlands, Sweden, Rest Of Europe)
Asia-Pacific (China, India, Japan, South Korea, Australia, Thailand, Indonesia, Vietnam, Rest Of Asia-Pacific)
LAMEA (Brazil, Argentina, Saudi Arabia, UAE, South Africa, Nigeria, Rest Of LAMEA)

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The report analyzes these key players in the global construction dumper market. These players have incorporated various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in assessing the operating segments, their business performance & product portfolio, and so on.

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Revolutionizing the Warehouse: Exploring the Drums and Barrel Market

The warehouse drums and barrel market size was valued at $18.9 billion in 2021, and is estimated to reach $30.1 billion by 2031, growing at a CAGR of 4.7% from 2022 to 2031. Drums and barrels are the cylindrical shipping containers used for shipping bulk cargo. Drums and barrels can be made of steel, dense paperboard (commonly called a fiber drum), or plastic, and are generally used for the transportation and storage of liquids and powders.

Biodegradable rigid plastic is also being used by product manufacturers to create environment-friendly variants. Drums and barrels used in warehouses are bulk industrial packaging containers made of rigid plastics, fiber, and steel. Chemicals, petroleum, paints, and solvents, as well as food and pharmaceutical products, are frequently stored and transported in huge quantities from the site of manufacture to the point of distribution. They may also be customized with different heights and thicknesses to meet the needs of the customer.

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Rapid industrialization and the rise in need for effective bulk packaging materials drive the warehouse drums and barrel market growth. Steel drums are expected to be beneficial in terms of utilization due to their outstanding mechanical properties, such as high strength, good protective properties, such as gas barrier properties, and excellent processing performance. These may also be rolled into a variety of thicknesses of the sheet, foil, sheet stamping, rolling, stretching, and welding of various forms and sizes of packing containers.

In addition, the introduction of new drums and barrels that are resistant to chemicals, high temperatures, pressure, and moisture boost the warehouse drums and barrel industry growth.

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Segmentation Based On:

By End user industry

Petroleum
Pharmaceutical
Paints
Food
Others

By Material

Steel
Plastic
Fiber

By Application

Liquid
Powder

Top Players:

The major players profiled in the global warehouse drums and barrel market include Advance Drum Service, Inc., Amcor, Container Distributions Inc., Greif Inc, Illing Packaging, Industrial Container Services, Jackacki Bag & Barrel, Mauser Packaging Solutions, Meyer Steel Drum, Nippon Steel Drums Co. Ltd, Rahway Steel Drum Company, Inc., Schutz GmbH & Co.KGaA, Skolnik Industries, Snyder Industries, LLC, Sonoco Product, Stavig Group and Tank Holding Corporation.

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Canada Financial Guarantee Market Explore Top Factors that Will Boost the Market in Future

Canada Financial Guarantee Market by Product Type, Enterprise Size, and End User: Opportunity Analysis and Industry Forecast, 2021-2028,”. The Canada financial guarantee market was valued at $1.32 billion in 2020, and is projected to reach $2.19 billion by 2028, growing at a CAGR of 7.3% from 2021 to 2028.

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Banks are majorly engaged in providing financial guarantees to traders in case of large international transactions. As seller possesses lack of knowledge about the buyer, the need for financial guarantors continues to rise among sellers. Moreover, banks provide performance or warranty bond, which essentially guarantees that the goods provided to a buyer are as promised and delivered as agreed by contract with the seller.

Factors such as technological advancements in the field of financing and reduction in financial risk propel the growth of the market. In addition, surge in government support & initiatives toward financial guarantee and rise in import & export activities are expected to provide lucrative opportunities for the financial guarantee providers in Canada.

On the basis of end user, the importers segment dominated the Canada financial guarantee market in 2020, and is projected to maintain its dominance during the forecast period. This is attributed to the fact that importers are increasingly engaging into massive trades by importing bulk of goods from different countries, which involve complex transactions. Therefore, demand for financial bank guarantee among importers continue to rise and becoming major Canada financial guarantee market trends.

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The COVID-19 pandemic affected the country’s economy and trade. Moreover, huge costs were incurred by both exporters & exporters for conducting trade, which therefore severely impacted the Canada financial guarantee market.

The Canada financial guarantee industry has been severely affected, due to sudden business shutdown. In addition, traders have changed their preferences of availing financial guarantee products particularly for metals such as aluminum and nickel, due to the impact on industries such as automotive and aviation, respectively. Moreover, consequent lockdown has disrupted supply chains, which, in turn, has resulted in a situation wherein buyers failed to pay dues to manufactures. As a result, these major factors affected the Canada financial guarantee market growth during the pandemic situation.

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Key Findings of the Study

By product type, the documentary letter of credit segment led the Canada financial guarantee industry, in terms of revenue in 2020.
Depending on enterprise size, the large enterprises segment garnered the highest Canada financial guarantee market share in 2020.
On the basis of end user, the importers segment acquired the highest revenue in 2020.

The key players profiled in the Canada financial guarantee market analysis are Scotiabank, Toronto Dominion, Banque Nationale du Canada (National Bank of Canada), Banque de Montreal (Bank of Montreal), BNP Paribas, HSBC, Citigroup, Inc., CIBC, Royal Bank of Canada, and Export Development Canada. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

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Automotive Activated Carbon Canister Market Next Big Thing | Prominent Companies

Automotive activated carbon canister is a device that stores and captures vehicle fuel vapor and releases purified air under the action of heat, thereby protecting the atmosphere and the surrounding environment from unburned fuel vapor. The carbon canister is usually located at the bottom of the fuel tank to collect exhaust gas including hydrocarbons and carbon dioxide. The tank contains activated carbon to absorb the gases and purify them so that they can be reused in the combustion process of the engine. The carbon canister line is connected to the pressure compensation line above the tank bleeder valve. The activated carbon canister is of great significance to automobiles, and the performance of the activated carbon canister improves the control of automobile fuel evaporative emissions. In addition, due to the rise in industrialization and the increasing demand for compact engines, the increase in carbon emissions is a supporting factor that is expected to drive automotive activated carbon canister market growth during the forecast period.

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COVID-19 Impact analysis

Due to restrictions by the government on manufacturing and transportation sectors, the activated carbon canister market is facing serious problems in both production and transportation. The pandemic has had a negative impact on the automotive activated carbon canister market size for the year 2020, a major deviation is noticed in the growth of automotive activated carbon canister manufacturers due to coronavirus. Automotive activated carbon canister system is an evolving sector which is hampered due to an ongoing pandemic, because of which all type of production and installation across the affected countries had been shut down & all operations were disrupted due to the pandemic. Nevertheless, due to the increasing consumption power of consumers in the pandemic and the increase in sales of vehicles including light commercial vehicles and passenger vehicles due to consumer concerns about safety, the market is now on an upward trend.

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Top Impacting Factors

Increasing pollution across the globe, surge in vehicle emission regulations around the world, and increasing awareness regarding environment protection are driving the growth of the market.
Increasing popularity of electric cars, and the high cost of raw materials is expected to hamper the growth of the market.
Innovative technologies including purge pumps and vitrifies can be seen as an opportunity for the market investments.

The automotive activated carbon canister market trends are as follows:

Increasing pollution across the globe

According to the World Health Organization, the global automotive industry accounts for approximately 35% of total air pollution. In addition, the decline in the air quality index of global emerging economies is a factor hindering the environment. Henceforth, with context given by WHO, many companies in the world is strategizing and planning to upgrade emissions control devices. For Instance, in July 2020, Ingevity Corporation is famous for providing carbon materials, engineered polymers, and specialty chemicals. Recently, the company has announced its new product ‘Powder Activated Carbon’ which can be used even after the run out of gases and when the vehicle is in halt position. The company has claimed to recover 10000 metric tons of fuel each day using their new product. Continental AG has developed Active Purge Pump system for pumping out the used gases from the engine and filter it to 90% pure for effective air circulation in the engine and reusing the gases to increase the efficiency of the system and thus increasing the overall air-fuel balance of the system. Countries are now focusing on earning carbon credits, are the factor expected to boost the activated carbon canister’s market growth during the forecast period.

Surge in vehicle emission regulations around the world

Due to strict transportation emission standards, automakers around the world, especially automakers in developing countries, are focusing on making lightweight, fuel-efficient and compact cars. In addition, due to potential fuel shortages and climate change, government agencies around the world have introduced strict fuel economy standards, thereby encouraging automakers and consumers to start favoring energy-efficient vehicles. This fact is projected to boost the activated carbon canisters market.

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Key benefits of the report:

This study presents the analytical depiction of the activated carbon canister market 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 challenges of the activated carbon canister market.
The current market is quantitatively analyzed to highlight the activated carbon canister market growth scenario.
The report provides a detailed activated carbon canister market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the activated carbon canister market research report:

Which are the leading market players active in the activated carbon canister market?
What would be the detailed impact of COVID-19 on the market?
What current trends would influence the market in the next few years?
What are the driving factors, restraints, and opportunities in the activated carbon canister market?
What are the projections for the future that would help in taking further strategic steps?

Automotive Activated Carbon Canister Market Report Highlights

Aspects	Details
By Vehicle Type	Passenger Vehicles Commercial Vehicles
By Propulsion type	Gasoline Diesel Hybrid
By Sales Channel	OEM Aftermarket
By Region	North America (U.S., Canada, Mexico) Europe (France, Germany, UK, Russia, Rest of Europe) Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific) LAMEA (Latin America, Middle East, Africa)
Key Market Players	Robert Bosch GmbH, Ingevity, HELLA GmbH & Co., ACDelco, Nissan, Mopar., Chrysler, Ford, Toyota, Continental AG

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Geotechnical Services Market Predicted to Accelerate Growth by 2021 – 2030

The Geotechnical Services market report mainly focuses on global Geotechnical Services market trends, drivers, market segments, production and sales status, competitive landscape and other aspects of the research during 2018-2023, based on the development trend of the industry, the global Geotechnical Services market development prospects for 2021-2030 trends in objective and prudent research and analysis, to provide professional guidance to enterprises in the industry to understand the market development rules, grasp market opportunities, and develop entry or strategy. It reflects on the changes that new and established companies must make in order to grow and adapt to consumer developments in the future. It also looks at potential flaws as well as issues that new and established businesses face. The Geotechnical Services market report provides the reader with all of the vital financial, economic, and social factors applicable to the industry, allowing them to make an informed decision.

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The global geotechnical services market size was valued at $1.9 billion in 2020, and is projected to reach $3.7 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. Geotechnical service helps determine if a site is suitable for a particular construction project. Geotechnics is a civil engineering discipline that deals with the theory of the mechanics of soils and rocks to study the physical properties of terrestrial materials. Geotechnical services include drilling a deep hole in the ground, collecting soil samples, testing the sample, analyzing the test report, and making suitable foundation recommendations. These services play an important role in the planning of large infrastructures, such as high-rise buildings, bridges, railways, tunnels, and similar construction projects on land and at sea. In addition to construction, geotechnical services are used in the oil & gas and mining industries.

Massive amount of investments made by government authorities for construction activities in emerging economies is one the factors responsible for driving the growth of the geotechnical services market. Moreover, developments in oil & gas projects is anticipated to benefit the geotechnical instrumentation & monitoring market in the coming years.

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The geotechnical services market analysis has been done on the basis of type, application, and region. On the basis of type, the market is fragmented into underground city space, slope & excavation, and ground & foundation. The underground city space segment is expected to hold the largest geotechnical services market share during the forecast period due to the use of underground city space, which is one of the prerequisites for the development of megacities. Depending on application, the market is categorized into bridge & tunnel, building construction, marine, mining, municipal, oil & gas, and others. The municipal segment was the major share contributor in 2020, whereas the oil & gas segment is projected to register a CAGR of 7.2% during the geotechnical services market forecast period.

Region wise, North America garnered the largest share, as the region houses major geotechnical services companies, especially in the U.S. Moreover, increase in number of new infrastructure projects is expected to escalate the demand for geotechnical instrumentation and monitoring tools. Therefore, rapid development of new infrastructures in the Americas is one of the major driving factors for the geotechnical services market growth in this region.

The major companies profiled in geotechnical services industry are AECOM, Stantec, Geoquip Marine Group, WSP, Fugro, HDR, EGS Survey, Gardline Limited, Arup, and Kiewit Corp. These players have adopted strategies such as product launch and business expansion to sustain the competition and to strengthen their foothold in the market.

Key findings of the study

Region wise, North America is projected to grow at the highest CAGR of nearly 6.3%, in terms of revenue, during the forecast period.
On the basis of application, the municipal segment accounted for the largest market share in 2020.
Depending on type, the underground city space segment garnered the highest share in 2020.

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Impact of COVID-19 on the global geotechnical services market

As COVID-19 is an infectious disease that originated in Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is transmitted from humans to humans. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.

The outbreak of COVID-19 pandemic had led to partial or complete shutdown of production facilities, which do not come under essential goods, owing to prolonged lockdown in major countries such as the U.S., China, Japan, India, and Germany. It has led to either closure or suspension of their production activities in most of the industrial units across the world. Construction & infrastructure is one of the most affected sectors, owing to a lockdown announced in several countries.. Lockdown has affected several construction and infrastructure projects due to supply chain disruptions and the unavailability of workers. In March 2020, Boston became the first city in the U.S. to halt all construction activities to contain the spread of COVID-19, which negatively impacted the growth of the geotechnical services market.

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Power Management Integrated Circuits (PMICs) Market: High-End Demand Across Major Geographies, Industry Revenue, and Business Views | Forecast, 2020-2027

Allied Market Research published a report on the Global Power Management Integrated Circuits Market by Product Type (Voltage Regulators, Motor Control IC, Integrated ASSP Power Management IC, Battery Management IC, and Other Power Management IC) and End Use (Automotive & Transportation, Consumer Electronics, Industrial, Telecom & Networking, and Others). The global power management integrated circuits market size was valued at $33.96 billion in 2019 and expected to reach $51.04 billion by 2027, growing at a CAGR of 5.3% from 2020 to 2027.

The research provides a clear picture of the market’s current needs and future prospects. The research study gives a 360-degree overview of the overall market environment by supplying details on the Power Management Integrated Circuits (PMICs) Market size and share analysis, market dynamics, segmental & regional analysis, top investment pockets, competition landscape and other factors for the projected forecast period.

The Research report presents a complete judgment of the Power Management Integrated Circuits (PMICs) Market trends, growth factors, consumption, production volume, CAGR value, attentive opinions, profit margin, price, and industry-validated market data. The report is a useful resource for businesses, investors, shareholders and new entrants to gain an in-depth understanding of the market and make informed decisions and settle on educated business choices based on their business goals. The analysis sheds insight on the global Power Management Integrated Circuits (PMICs) Market drivers, restraints, and opportunities.

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Businesses can evaluate the Porter’s Five Forces Analysis to determine the structure, level of competition, and industry’s strengths and weaknesses. The report also contains information and statistics, tables and figures that are used in strategic planning for the company’s success. The report will be remarkable in its ability to provide worldwide investors with the information they need to make informed judgments about the market. Also, these research report provides accurate economic, global, and country-level predictions and analysis.

Research Methodology:

The research uses both primary and secondary research to assemble data on the various facets of the international Power Management Integrated Circuits (PMICs) Market. Using interviews or surveys, primary market research has been used to collect highly authenticated data from direct sources, such as consumers in a particular market. Secondary market research is a method for gathering information from previously released data that has been produced by international organizations, business groups, government and research institutions, and so on. The global Power Management Integrated Circuits (PMICs) Market report demonstrates information about the current and historical data of the market.

Competitive Analysis:

The competitive environment of the global Power Management Integrated Circuits (PMICs) Market is further examined in the report. It includes details about the key players in the market’s strengths, product portfolio, Power Management Integrated Circuits (PMICs) market share and size analysis, operational results, and market positioning. It comprises the actions taken by the players to grow and expand their presence through agreements and entering new business sectors. Mergers and acquisitions, joint ventures, and product launches are some of the other techniques used by players.

Some of the prominent players of the global Power Management Integrated Circuits (PMICs) Industry include Texas Instruments Inc., ON Semiconductor Corp., Analog Devices Inc., Dialog Semiconductor PLC, Maxim Integrated Products Inc., NXP Semiconductors, Infineon Technologies AG, Mitsubishi Group, Renesas Electronics Corporation, and STMicroelectronics N.V..

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By Region:

1) North America (Canada, Mexico, and the United States)

2) Europe (France, Italy, Germany, Spain, the United Kingdom, and rest of Europe)

3) Asia-Pacific (Australia, Japan, South Korea, China, India, and rest of Asia-Pacific)

4) LAMEA (Africa, the Middle East, and Latin America)

Q. Can I customize the report’s scope and make it my own to meet my needs?

Answer- Yes. Multidimensional, deep-level, and high-quality requirements that are particularly suited to our customers’ needs can help them accurately grasp market opportunities, face market challenges with ease, properly formulate market strategies, and act quickly, giving them an advantage in the market competition.

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Key Findings Of The Study

In 2019, the voltage regulators segment dominated the global PMIC market, accounting for around 27.00% revenue share.
The automotive/transportation segment is expected to dominate the global market throughout the forecast period.
Asia-Pacific dominated the global power management integrated circuits market in 2019, with China being the market leader.

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