Market Research Blog – Page 10099 – New Product Development

Aluminium-Free Deodorant Market is Anticipated to Expand at a CAGR of about 9.1% in 2029

The deodorants without aluminium market is projected to grow at a CAGR of roughly 9.1% from 2022 to 2029, reaching over US$ 1.5 billion in 2022. The market for personal care products has great development potential because of the rising demand for natural goods.

Deodorants created without aluminium are scent products designed for consumers who want natural products. Natural and organic goods, such as deodorants without aluminium, are highly sought after in industrialised countries as a result of customers’ evolving tastes.

Concerns concerning their health and hygiene are raised by customers. In comparison to synthetic deodorants, deodorants without aluminium have a number of advantages, including the use of natural ingredients that don’t irritate the skin.

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Aluminum-Free Deodorant Market Witnessing Innovative Product Launches

The existence of modern-age technology is resulting in the introduction of innovative solutions, especially in the skin care segment, which is encouraging a large number of people who are interested in trying out new products to adopt aluminium-free deodorants, sprays, and roll-ons.

Moreover, the presence of a large number of players has resulted intense competition in the aluminium-free deodorant market. Hence, market players are introducing new and innovative products, such as aluminium-free deodorant creams, gels, and wipes, to stay ahead in the competition.

Globally, the aluminium-free deodorant market is gaining traction due to factors such as an increase in the number of working women across the globe, which has resulted in an increase in spending on personal grooming with products that contain natural ingredients such as deodorants, creams, moisturisers, and anti-hair fall products.

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Additionally, an additional reason boosting sales of premium quality personal care products that contain natural ingredients is the growing purchasing power of women aged 25 and older.

However, there are several drawbacks to using deodorants without aluminium that are likely to impede the market’s expansion. For instance, synthetic deodorants containing aluminium stay on the skin longer than deodorants without aluminium do, and they also block sweat, which is useful for athletes and customers participating in sports and fitness activities.

In addition, aluminium-free deodorants are priced higher than regular deodorants as they are natural and organic. These factors have changed the perception of consumers regarding the usage of aluminium-free deodorants, thus restraining the growth of the aluminium-free deodorant market across the world.

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On the other hand, rising disposable income, increase in self-indulgence, adoption of a western lifestyle, globalisation, the changing retail landscape, and rapid innovations in product development as well as distribution channels are among the major factors boosting the aluminium free deodorant market.

The aluminium-free deodorant market is primarily segmented based on product type, packaging type, end user, and sales channel. The aluminium-free deodorant market in the South Asia region is expected to grow at higher pace during the forecast period. Based on end user, the market is segmented into men, women, and unisex.

The men category in the aluminium-free deodorant market is prominent, and holds a major share of the aluminium-free deodorant market. Based on the sales channel, the aluminium-free deodorant market is categorised as dedicated stores, dedicated e-commerce, speciality retailers, multi-brand stores and online retailers.

Key Players in the Aluminium-Free Deodorant Market

A brief analysis of the profiles of companies operating in the aluminium-free deodorant market are also provided in this report to evaluate their key products offerings, strategies, and recent developments. Some of the key participants profiled in the global aluminium-free deodorant market report include Unilever PLC, Beiersdorf Inc., Weleda Company, Avon International, Colgate-Palmolive, Henkel, Proctor and Gamble, L’Oréal, Shiseido, Estee Lauder, and Adidas, among others.

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Market by Category

By Product Type :

Roll-On
Powder
Wipes
Spray
Cream
Gel

By End User :

Men
Women
Unisex

By Packaging Type :

Plastic Spray Bottles
Pump Bottles
Metal Spray Bottles
Roll on sticks

By Sales Channel :

Dedicated Stores
Dedicated E-commerce
Specialty Retailers
Multi-brand Stores
Online Retailers

By Region :

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa (MEA)

Portable Dishwasher Market is Estimated to Exceed US$ 1.5 Billion by 2027 | FMI

The portable dishwashing market is estimated at USD 1.1 billion in 2022 and is projected to reach USD 1.5 billion by 2027, at a CAGR of 4.7% from 2013 to 2021. Share of portable dishwasher market in its parent market (kitchen appliances market) is approximately ~0.2%-0.4%.

The multi-modal operability and smart selection cycle are driving consumer desire for portable dishwashers. Along with reduced noise, water and power use, affordability will continue to be a key demand factor for portable dishwashers.

The portable dishwasher market also benefits from its simplicity of use and low maintenance needs.

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2013-2021 Global Portable Dishwasher Market Outlook Compared To 2022-2027 ForecastDuring the past few years, the buying patterns of the consumers has changed drastically. While buying any product the main focus of the consumer is towards comfort, convenience, compactness and technological advancement of the products.

The supply side participants are also trying to come up with products which minimize human efforts and at the same time provide better efficiency to the consumers. Portable dishwasher is one such electronic appliance.

Portable dishwasher is a necessity for the people in developed countries but is still a luxury for the people living in most of the developing countries. Time is a luxury these days which lead the consumers to incline towards products which are useful in reducing their efforts and at same time helping them to carry out daily life processes.

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Economic Price Point & Compact Design Become Paramount

A majority of portable dishwasher manufacturers continue to focus on developing compact, economic, and time & space efficient models. While customers in developed regions prefer premium, high-performance portable dishwasher models over budget models of portable dishwasher, the contrasting case in developing economies is pushing adoption of medium- and low-priced portable dishwasher models.

Automation of dishwashing is gradually gaining ground across emerging Asian and Middle Eastern countries, owing to which portable dishwasher sales are likely to observe steady growth in coming years.

With more than 2X of portable dishwasher units sold in commercial sector, the residential sector is registering healthy adoption of portable dishwasher. However, portable dishwasher has been experiencing improving penetration in commercial applications recently, which is in turn bolstering revenue growth of portable dishwasher market.

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Accounting for around half of the total revenue of portable dishwasher market, medium price remains the most favored range among portable dishwasher customers. Based on the dishwashing capacity, customer preference for portable dishwasher models with 5-10 place setting is likely to be higher over those with 10-15 place setting, which can be attributed to compact size and lower price point associated with the former.

The report estimates portable dishwashers with 5-10 place setting capacity to hold nearly 70% market share in 2022.

While exclusive and multi-brand stores contribute a massive share in the sales of home appliances such as portable dishwasher, the portable dishwasher market revenue is anticipated to discover higher growth opportunities in the online retail segment. FMI projects healthy annual growth in online sales of portable dishwasher market in 2022 and ahead.

Europe Largest Customer Base for Portable Dishwasher ManufacturersEurope, reportedly the largest portable dishwasher consumer region, accounts for a whopping collective share in the global market revenue, with North America. While this value share equates over 3/4^th of the total revenue generated through portable dishwasher sales globally, the report forecasts higher annual growth prospects for North America’s portable dishwasher market.

Moreover, Asian countries are registering moderately growing adoption of portable dishwasher, making Asia Pacific (excluding Japan) the third largest consumer of portable dishwasher market.

With a large number of multinational and regional players, the global landscape of portable dishwasher is fairly fragmented. However, global appliance giants including Samsung Electronics Co. Ltd., The Whirlpool Corporation; Smeg S.p.A., IFB Industries Limited, Asko Appliances AB, and Haier Group Corporation hold a major revenue share, indicates research.

As suggested by the competition analysis included in the report, manufacturers of portable dishwasher and other appliances prefer to maintain their strategic focus on high energy efficiency during new product launches. Regional players are also seeking ENERGY STAR certifications to promote their portable dishwasher models.

The report tracks portable dishwasher market performance over an eight-year forecast period, 2022-2027. Expecting a healthy CAGR of 5.5% through 2027, FMI projects an overall positive growth outlook for global portable dishwasher market in the years to come.

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Global Portable Dishwasher Market By Category By Capacity :

5-10 Place Settings
10-15 Place Settings
Above 15

By Application :

Residential
Commercial

By Price Range :

Under US$ 50
US$ 50 – US$ 100
US$ 100 – US$ 200
Above US$ 200

By Sales Channel :

Wholesalers/ Distributors
Multi-brand Stores
Exclusive Stores
Online Stores
Other Sales Channel

By Region :

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

Waterproof Socks Market is Projected to Reach USD 33.9 Mn in 2027

The waterproof socks market is estimated at USD 28.0 million in 2022 and is projected to reach USD 33.9 million by 2027, at a CAGR of 3.3% from 2013 to 2021.

These factors are expected to help the global market for social employee recognition systems observe stellar growth in next few years.The team of researchers at Future Market Insights are focussing on research and market study to produce different Waterproof Socks Market forecasts and predictions at both national and international levels.

Future Market Insights (FMI) has published a new market research report on social employee recognition systems. The report has been titled, Global Waterproof Socks Market Global Industry Analysis, Forecast. Long-term contracts with large enterprises and private companies are likely to aid the expansion of business revenues, and innovation in the industry will enable social employee recognition system vendors to reach out to new potential customers in emerging markets.

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They have considered several leads of information pertaining to the industry like market figures and merger estimations to assess and produce reliable and informative insights on the Waterproof Socks Market.

2013-2021 Global Waterproof Socks Market Outlook Compared to 2022-2027 Forecast

Waterproof socks have been gaining traction among target customers, especially among people involved in activities such as trekking, swimming, cycling, snow sports, etc. Waterproof socks are a new type of socks that have been designed to meet the requirements of customers engaged in the adventure and sports industries.

Furthermore, waterproof socks are also being considered as a hygienic consumer goods since they are anti-bacterial by property. There are various diseases that one suffers from, which are mostly caused by various harmful bacteria and viruses. As a result, most healthcare professionals urge people to wear waterproof socks. Waterproof socks tend to prevent bacteria from entering into the feet during outdoor or extra-curricular activities.

Competitive Landscape

Companies operating in ring light market are aiming for strategic collaborations and partnerships with other manufacturers to expand their product portfolio to address the demand of an expanding patient pool.

In April, 2021, Pixco, announced its new product, the Pixco RL-4955 18” LED Ring Lights Built-in Live Sound Card. The product aimed towards YouTubers, vloggers, content creators and influencers to broadcast high quality professional content on any platform.
Elgato launched a 17-inch ring light, with a range of warm and cool color options with brightness up to 25,000 lumens.
Neewer revealed its new 18-inch ring light kit including a 18-inch outer 5500K LED ring light, a series of color filters, a 61-inch light stand, a smartphone holder, a ball head hot shoe adapter for DSLR cameras, and a power adapter.

Key Players

Global Waterproof Socks Market key vendors include:

Wigwam Corporation
Camaro GmbH
Randy Sun
Bridgedale Outdoor Ltd.
Okamoto Corporation
Recreational Equipment, Inc

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Segmentation

The Waterproof Socks market is segmented into application, form, end use industry, source and geography.

On the basis of product type

mid-calf length waterproof socks
ankle-length socks
knee-length socks

On the basis of application

trekking
water sports
cycling
snow sports
outdoor
other activities

On the basis of gender

male
female
unisex

On the basis of sales channel

wholesaler/distributor
supermarket/hypermarket
specialty store
independent store, club store
online store

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Regional Segments Analyzed Include

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)

Important changes in market dynamics

The report has been created after detailed and exhaustive studies by the analysts at FMI taking several factors into consideration like monetary, ecological, social, mechanical, and political status of a particular demography. They study the key data to assess the revenue and production of manufacturers across various regions. The report also covers an in-depth analysis of the key changes in market dynamics in the recent past and the near future.

Winter Wear Market is Projected to Grow at a CAGR of Around 5.0% through 2031| FMI

The global winter wear market is projected to grow at a CAGR of around 5.0% through 2031, surpassing a valuation of US$ 280.0 Bn in 2020. To lessen the volatility of raw material prices, restrain the rise of the market’s volume, and satisfy the rising demand for premium brands, manufacturers are concentrating their efforts on premiumizing their current winter wear brands.

The expansion of the winter clothing industry is primarily attributable to climate change. Many businesses are looking at ground-breaking technology to enhance the quality and efficiency of their products in preparation of warmer winters and record-breaking winter temperatures.

When the temperatures start to drop, sales through retail and online channels are projected to increase. Gap Inc., for example, introduced the “Hill City” menswear brand in 2018 to meet increased demand for premium men’s gear that combines highly technical fabrications, style, and high performance throughout the winter months.

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Nowadays, the younger generations are getting attracted to recreational activities such as hiking, fishing, snow skating and many other winter sports. In order to play or take part in winter sports the consumers are expecting high branded winter wears.

The cold-weather recreation sector in America, according to Climate Central, has a particularly strong stake in warmer winters. For sports ranging from downhill skiing to ice fishing and outdoor ice hockey, low temperatures, plenty of snowfall, or both are required. The US economy earns billions of dollars each year from winter recreational activities. In terms of the country’s cultural legacy, winter sports are also noteworthy.

Furthermore, firms in the winter wear industry are focusing their efforts on increasing the value of their products. For example, in November 2018, Oros Apparel released Solarcore insulation, a space-based insulation that makes one of the warmest winter jackets in the market. The company utilized aerogel material technology, which was initially designed for NASA spacesuits, to make innovative winter wear gear.

Key Takeaways from the Winter Wear Market Study

Players in the market are concentrating on using a variety of marketing methods, including celebrity endorsement, product premiumization, marketing campaigns, events, and developing digital presence to engage with customers directly. The market for winter clothing will probably expand faster in the near future as a result of these factors.
Due to an increase in snow events and winter activities that need body warmth, woollen winter wear goods are predicted to grow at a CAGR of 4%.
According to estimates, the market for winter wear’s jackets and coats accounts for a rather high value share. Throughout the projection period, the category is anticipated to maintain its dominance.
In North America, the U.S. is anticipated to have a significant value share of 83.0%.

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Who is Winning?

Leading manufacturers of winter wear are focused on aggressive promotional strategies and advertisements that have driven sales growth of winter wear globally.

Major players present in the winter wear market are Nike Inc., Aero Group, Fenix Outdoor Group, Wintergreen Northern Wear, Helly Hansen Company, Forever 21, Inc., J.Crew Group, Inc., American Multinational Corporation Gap Inc., Zara SA, Patagonia, Inc., Columbia Sportswear Company, Gap Inc., and VF Corporation among others.

Impact of COVID-19 on the Market

As a result of the covid-19 outbreak, various sectors and locations faced a temporary standstill. The economic downturn impacted both the supply and demand sides of the industry. Apart from that, it had a significant impact on consumer purchasing behaviour, as a significant number of customers shifted from impulsive to thoughtful spending, influencing the winter clothing business to some extent.

The global outbreak of covid-19 ushered in a period of unprecedented trade disruption. Consumers acquired short-term habits that, in some cases, have become permanent as a result of the pandemic. The transition to digital was the most major behavioral change that happened as a result of the epidemic.

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Global Winter Wear Market by Category

By Product Type:

Jackets/Coats
Sweaters/ Cardigans
Scarves, Shawls & Wraps
Sweatshirts & Hoodies
Hats, Caps, & Gloves
Others

By Material Type:

Cotton
Wool
Velvet
Fur
Leather
Others

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By Consumer Orientation:

Men’s Winter Wear
Women’s Winter Wear
Kids Winter Wear

By Size:

Small
Medium
XL
Double XL
Online Retailers
Others Sales Channel

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

Men’s Underwear Market is Estimated to Grow at a 4% CAGR in 2031 | FMI

The men’s underwear market surpassed a valuation of US$ ~10 Bn in 2020 at a CAGR of approximately 4% through 2031. In 2020, the overall sales of men’s underwear totalled US$ ~10 Bn .As per FMI, the men’s underwear market holds a share of ~1% in the overall apparel market.

Besides innovation in designs, the market is gearing to witness the launch of electronic underwear, designed particularly for elderly patients.

Rising prevalence of various health issues such as bedsores or pressure ulcer expects will result in high sales of electronic underwear to help improve mobility especially, among the elderly population. For instance, 2exist provides with men’s hot underwear, which is stunning in both ways- fashion and function wise.

The electric no-show brief provided by the company comes with an electric waistband that gleams and shines in the most subtle way. The underwear is the supportive and comes in various shades, which makes them more fashionable. With the help of modern machinery, the underwear is designed innovatively so that it has stitching on its sides and a center seam for more comfort and space.

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Customers suffering from health issues look for easy and comfortable solutions. This is expected to boost the sales in the men’s underwear market. In addition to this, investment towards research to fashion inner garment for the comfort of patients will encourage innovations in the market.

Key Takeaways from the Men’s Underwear Market Study

Based on material type, linen-made men’s underwear is likely to remain highly sought-after owing to the rising demand for luxurious and premium underwear among men.
As per analysis, demand for boxer shorts is expected to grow at a CAGR of over 5% over the forecast period.
Sales via multi-brand stores will pick up in the coming years.
Demand in the U.S. is expected to grow by 3% CAGR between 2021 and 2031.
Sales of men’s underwear will pick up pace at 5% CAGR in the U.K.

Impact of COVID-19 on the Market

The sudden outbreak of the COVID-19 has transformed the growth factors for various industries. The implementation of work from home trend has led to the rise of awareness regarding personal health among individuals, which is further driving the interest of customers towards premium and comfortable innerwear that have new designs and are stylish at the same time.

On the flip side, strict regulations imposed on the movement of individuals in commercial areas, lack of trading between countries led to plummeting sales for a short period of time. However, with time, the men’s underwear market is likely to bounce back, exhibiting a steady growth through the course of the forecast period.

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Who is winning?

Leading manufacturers of men’s underwear are adopting aggressive promotional strategies and advertisements to driven sales. Leading players present in the men’s underwear market are Hanesbrands Inc., Philips-Van, Heusen Corporation, Ralph Lauren Corporation, Jockey International Inc., American Eagle, Outfitters Inc., Iconix Brand Group Inc., J.C. Penney Corporation Inc., Under Armour, Inc., RibbedTee Company, Ramblers Far, Inc., Levi Strauss & Co., Perry Ellis International Inc., and Naked Brand Group Inc. among others.

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Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the global men’s underwear market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031.

The study divulges compelling insights on the men’s underwear market based on the material type (cotton, wool, silk, polyester, rayon, linen, nylon, and others), by category (regular brief, boxer brief, boxer shorts, trunks, and thongs), by size (XS, S, M, L, XL, XXL, and XXL), by age group (15-25, 26-35, 36-45, 46-55, 56-64, and 65+), by price range ( Below US$ 10, US$ 10 – US$ 20, US$ 20 – US$ 30, and US$ 30 & Above), by sales channel (wholesalers/ distributors, hypermarkets/ supermarkets, specialty stores, multi-brand stores, online retailers and others, across each of the seven major regions.

Turbomachinery Control System Market – Major Revenue Gains are Expected by 2032

The presence of abundance of natural gas and increasing application across various end use industries expected to create significant growth in the consumption of natural gas, in turn, drive the Turbomachinery Control System Market demand for turbomachinery.

The integration of turbomachinery equipment into a single control system is difficult and it require high investment. Moreover, governments of various countries are shifting to cleaner energy sources to reduce carbon emission levels from conventional fuels.

This trend will drive the customer to shift towards renewable source based generation, which reduces the deployment of turbomachinery. Therefore restraining the growth of the turbomachinery control system market in the forecast period.

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A mechanical control unit incorporated in the turbine main unit, which is the precursor of turbomachinery control system which are based on DEHC (Digital Electro-Hydraulic Controller) or EHC (Electro-Hydraulic Controller). This caused problem that different hardware used fixed between power generating plant control system and turbomachinery control system.

Hence, Yokogawa India Ltd. developed CENTUM VP which is an I/O module integrates DEHC and DCS features to monitor and control the power generation plant and turbomachinery control using unified hardware, contributing towards the turbomachinery control system market growth.

Global Turbomachinery Control System Market: Regional Outlook

North America industrial sector established strong base in the global turbomachinery control system market which results in stable demand for industrial equipment, expected to create growth opportunity for the turbomachinery control system.

Currently, Europe witness high market share following North America for the turbomachinery control system in the global market owing to the presence of large number of manufacturers.

Asia Pacific is anticipated to create lucrative opportunity for the demand of turbomachinery control system owing to the increasing industrialization and largest energy-consuming region, worldwide.

High growth is seen in developing nations such as China, and India which expected to upsurge the market growth in the Asia Pacific region.

Latin America and Middle East & Africa showing less adoption in the global market, although estimated to contributing towards the growth of turbomachinery control system market.

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Global Turbomachinery Control System Market: Market Participants

Globally, the turbomachinery control system market is expected to be fragmented as the market several small to medium-sized companies which are competing with each other.

Established manufacturers involved in the turbomachinery control system focusing merger and acquisition strategy in order create dominance in the global market.

For instance, on 2nd July 2018, ABB Group completed its acquisition with GE industrial solutions and acquire GE’s electrification solution business. This acquisition increase growth opportunities of ABB’s in digital offering.

Some of the key players involved in the turbomachinery control system market include Honeywell Technology Solutions, Schneider Electric SE, Rockwell Automation Inc., Woodward Inc., ABB Group, Siemens AG, Emerson Electric Co., Voith AG, General Electric, MAN Diesel & Turbo SE, Technics Systems Solution, Turbomachinery Control Solutions LLC, Tri-sen Systems Corporation, Stork, Elliot Group, among others.

The research report presents a comprehensive assessment of the turbomachinery control system market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies.

The research report provides analysis and information according to turbomachinery control system market segments such as application and end use industry.

Based on the Application, the global turbomachinery control system market can be segmented into,

- Generator Controls
- Compressor Controls
- Turbine Controls
- Others

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Based on the End-Use Industry, the global turbomachinery control system market can be segmented into,

- Oil & Gas
- Chemical & Petrochemical
- Transportation
- Power Generation Sector
- Food and Beverages

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Marine Boiler Burner Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2021-2031

The marine boiler burner market review is likely to register a CAGR of 5.2% during the forecast period, and is anticipated to reach a market share of US$ 6.85 Bn in 2032 from US$ 3.73 Bn in 2020, owing to the increasing automation in boiler fuel burning technology, such as artificial intelligence (AI).

Marine boiler burner is a part of engine combustion system, installed at the front portion of marine boiler. Double block burner is more efficient as compared to single block burner owing to these burners are made for clean combustion. In marine the fuel is stored in double-bottom tanks from which it is drawn by a transfer pump up to settling tanks. Major components of marine boiler burner are motor, fan, pump, wires, among other.

Increasing automation in boiler fuel burning technology such as artificial intelligence (AI), machine learning, big data, and Internet of Things (IoT) technology is making more eco-friendly marine boiler burner which is augmented to fillip the overall value & volume of marine boiler burner sales in the next coming couple of years.

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This Marine Boiler Burner market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Marine Boiler Burner market.

Marine Boiler Burner Market: Dynamics

Increasing vessels fleet coupled with technological advancement in the gas recirculation system is expected to drive the marine boiler burner market over the forecast period. Moreover, most of the marine boiler burner manufacturer are also focusing to improving fuel-to-air ratio, fuel distribution, and thermal load ratios in order to efficiently fuel burning which in turn is expected to accelerate the sale of marine boiler burner market over the slated time period.

Compared to other equipment used for heating and burning applications in marine Boiler Burner are relatively easy to install. Their maintenance remains low-budgeted, even for large-scale manufacturers with flexible expenditure threshold. Moreover, new products being introduced in the global marine boiler burner market are becoming more compact, which is also foreseen provide positive impetus to the global marine boiler burner market over the stipulated time period.

Irrespective of its advantages, single block marine boiler burner is relatively low efficient as compared to double block burner, in turn, hamper the global growth of marine boiler burner market in the assessment period.

Marine boiler burner with low noise levels are being widely preferred. Likewise, key market participants have extended their product lines with inclusion of burners with low noise emission capabilities. Easy installation, low noise level and less mechanical framework are being viewed as key features of almost every marine boiler burner being sold in the global market. Furthermore, manufacturing of such marine boiler burner is becoming cost-effective, which makes them more economical with respect to price-to-power ratio.

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Marine Boiler Burner Market: Regional Outlook

Western Europe is expected to grow with sizable share in the global marine boiler burner market owing to rising marine trade activities. Latin America are also projected to grow with significant growth rate owing to significant amount of goods transported through online which in turn rising the need of carriers of vessels is indirectly fillip the sales of marine boiler burner market over the slated time period. Middle East &Africa region is projected to grow with addressable growth rate in the global marine boiler burner market due to increase in the figures for oil tankers and offshore vessels, which can be a prominent marine boiler burner market growth engine in te region over the stipulated time period.

Marine Boiler Burner Market: Key Participants

Global marine boiler burner market is characterized as consolidated owing to relatively less number of manufacturer of marine boiler burner. However, some of the market participants in the Marine Boiler Burner market identified across the value chain:

Weishaupt Group
SAACKE Group
Volcano Co., Ltd.
Oilon Group Oy
Burner Automation Rotterdam
Filter AS
CO.,LTD.
Zeeco, Inc.

The research report on the Marine Boiler Burner market presents a comprehensive assessment, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. The Marine Boiler Burner market report also contains projections using a suitable set of assumptions and methodologies. The report provides analysis and information according to market segments such as geography, vehicle type, technology, material, install position, sales channel, and distribution channel.

The report covers exhaustive analysis on:

Marine Boiler Burner Market Segments
Marine Boiler Burner Market Dynamics
Marine Boiler Burner Market Size
New Sales of Marine Boiler Burner
Current Trends/Issues/Challenges in the Marine Boiler Burner Market
Competition & Companies Involved in Marine Boiler Burner
New Technology for Marine Boiler Burner
Value Chain of the Marine Boiler Burner Market

Regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico, Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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The global Marine Boiler Burner market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Crude Heater Market – Key Players are Adopting Different Growth Strategies to Maintain Their Global Dominance

Crude heaters are considered to be a crucial element of the refinery industry. These heating systems are used to heat the crude oil before the first stage of compression. They are increasingly being installed in oil & gas refineries as they assist in reducing the viscosity of crude oils by preheating them to generate easy flow.

The global crude heater market demand is estimated to exhibit growth at a CAGR of around 4% to 5% during the forecast period 2022-2032. Increasing introduction of novel flameless combustion emission less techniques to counter the implementation of stringent government regulations is anticipated to augment the growth in the market.

In order to ensure efficient and well-maintained operations in the oil and gas industry, reliable, advanced, and durable industrial heating equipments, such as crude heaters, are deployed in the refining and production facilities.

Demand for crude heaters is rising at a rapid pace, owing to the increasing adoption across oil & gas refineries for improving the fluidity of crude oil and better separation properties. This is projected to drive the growth in the crude heaters market.

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Stringent regulations laid down by the government are creating numerous challenges for the manufacturers in the crude heater marker. To counter these challenges, market players are increasingly focusing on the development and launch of novel flameless combustion techniques for crude heaters.

For instance, Great Southern Technologies announced launching novel flameless heater technology that enhances efficiency (91%-LHV), decreases carbon dioxide emission by 10% to 20% and reduces fuel consumption. Such developments in the technologies are estimated to accelerate the demand for crude heaters in the market.

Which are Some Prominent Drivers Spearheading Crude Heater Market Growth?

With rapid surge in trend of industrialization and increasing usage of oil and petroleum derivatives such as gasoline, diesel, liquefied petroleum gas (LPG), and others, the consumption for crude oil has bolstered across the globe.

For instance, according to a report by the International Energy Agency, the demand for crude oil worldwide increased to 99.7 million barrels per day in the year 2019, in comparison to the 99.3 million barrels per day in 2018. Thus, governments in numerous countries are aiming at increasing their crude oil production to cater to the growing demand for crude oil.

According to the India Brand Equity Foundation, the Government of India announced investing nearly US$ 2.86 billion for drilling more than 120 exploration wells to double the production of oil & gas in the country by 2022. As crude heaters are extensively used in the oil & gas refineries and production facilities for better separation of crude oil and improving fluidity, such initiatives for increasing production of crude oil are projected to fuel the demand in the global market.

What are the Challenges Faced by the Crude Heater Market?

Due to the rising environmental concerns pertaining to greenhouse gasses and volatile organic compounds (VOCs) emission, government and various other regulatory organizations are implementing numerous stringent regulations for declining the production of crude oil products. For instance, European Union announced laying regulatory Registration, Evaluation, Authorisation, and Restriction of Chemicals (REACH) regulations addressing the production and use of substances such as process oil.

In addition to this, surging trend of electrification, ban on the sales of new diesel cars, and increasing inclination towards adopting electric vehicles has resulted in declining the demand for crude oil products, which is in turn, hindering the sales of crude oil sales in the market.

Why is Asia Pacific Excluding Japan Emerging as an Opportunistic Crude Heater Market?

Future Market Insights states that Asia Pacific excluding Japan is expected to register the fastest growth in the global crude heater market from 2022 to 2032.

Demand for crude oil derivatives is rapidly increasing, owing to the expanding automotive industry and growing trend of industrialization and urbanization across Asia Pacific. Citing this trend, leading industry players are investing in expanding their production capacity and increasing refining efficiency to capitalize on the existing opportunity.

For instance, Bharat Petroleum Corporation Ltd, an Indian petroleum refineries company announced investing over 13.66 Bn to improve refining efficiency, enhance petrochemical capacity, and increase their petroleum derivatives production over a period of five years.

A multiplicity of such developments is estimated to spur the sales of crude heaters in the Asia Pacific excluding Japan market.

How is North America Contributing to the Growth of the Crude Heater Market?

As per FMI, North America is anticipated to account for a significant share in the global crude heater market over the forecast period 2022-2032.

A swift rise in sales of automotive vehicles is being witnessed across North America, resulting in propelling the demand for crude oil products. Thus, numerous industry players are aiming at launching new crude oil refineries to meet the surging demand.

For instance, in 2019, Targa Resources Corporation, a U.S.-based oil & gas company announced launching its new petroleum refinery at Channelview, Texas with refining capacity of 35,000 barrels per day.

As crude heaters are increasingly used in oil & gas refineries, such developments across the U.S. and Canada are projected to augment the demand in the North America market.

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Market Competition

Some of the leading players in the crude heaters market are American Heating Company, Inc., Thermotech Systems Ltd., Pirobloc, S.A., Garcem Engineers, Exotherm Corporation, Chromalox, Inc., C. Broach Company, and Amec Foster Wheeler.

The market for crude heaters is highly competitive, due to large number of participants and increasing adoption of strategies such as collaboration, agreement, and partnership to strengthen the market share.

Key Segments Profiled in the Crude Heater Market Survey

By Capacity:

Less than 50,000 Barrels Per Day
50,001 to 100,000 Barrels Per Day
100,001 to 250,000 Barrels Per Day
Above 250,000 Barrels Per Day

By Combustion:

Flame Combustion Crude Heaters
Flameless Combustion Crude Heater

By Region:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
Middle East and Africa

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Space Management Solutions Market is Expected to Arrive at a Valuation of US$ 1.89 Bn from 2022 to 2032

The global space management solutions market is expected to grow at a 6.9% CAGR from 2022 to 2032. The space management solutions market is expected to reach a valuation of around US$ 1.89 billion by the end of 2032, up from a current valuation of US$ 890 million in 2022.

The growing need to manage costly resources and actual extra space is driving the growth of the global space management solutions market. Furthermore, a significant factor that has recently contributed to the company’s growth is the growing interest in space management solutions in the retailing industry.

Throughout this forecast period, there is expected to be an increase in the reception of space management solutions beneficial for some organisations covering the management of prestigious crude assets at the beginning to retail outlet space for storing end results. Likewise, the demand for space management solutions is expected to grow as more organisations use cloud-based space planning and management frameworks to advance with AI integration.

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As per the space management solutions market services, the major attraction is predicted to increase during the forecast years due to the growing global demand for computerized management of the complete lifecycle of the overall capacity process.

However, over the projected period, privacy and security concerns over personal data are anticipated to hinder space planning and management solutions market trends to certain degrees. Another significant factor anticipated restraining the worldwide market for space management systems is the rise in complexity and the absence of visibility across the entire portfolio of storehouses which causes delays in making decisions.

Key Takeaways from Space Management Solutions Market Study

The absolute growth of the global space management solutions market is estimated to be around US$ 1 Billion over the forecast decade covering the years 2022 to 2032, by following the average CAGR of 6.9%.
Hospital sector is the largest segment for the space management solutions market that is also growing at a faster rate.
With a nearly 28.5% share of global sales and exports, the North American area dominates the global market for space management software.
On the other hand, Asia Pacific nations have had some exceptional development chances in recent years, and with a participation of around 22.6%, they have moved up to the second place.

Competitive Landscape for the Global Space Management Solutions

Some of the well-known space management solutions market players are Accurent, Symphony Retail Solutions, Trimble Navigation Limited, JDA Software Group, Inc., and Asset Works among others. By the entry of several new companies, the market for space management solutions as a whole is becoming more fragmented than it was previously due to the domination of a few key solution providers.

Several new players have emerged in the global space management solution sector in recent years as a result of sensing the enormous vacuum in the established market for delivering adequate solutions in accordance with continuously diverse working settings. As a key tactic to break into the business, numerous startup businesses have begun to offer support services as well for their vendors.

Recent Developments in the Global Space Management Solutions Market:

In the year 2017, PointGrab that is a famous workplace management software developing company and Serraview Company signed a long-term agreement. In order to increase the company’s business of space management software, PointGrab is renowned for producing Cognipoint edge-analytics sensing and actuation solutions.

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Key Segments in the Space management solutions Market

By Solution Type:

Real estate
workplace management
Omni channel retail solutions
Others

By Services:

Facility management services
Professional services
Others

By End User:

Retail
Telecommunication
Healthcare
Manufacturing
Utilities
Others.

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

https://sba-online.net/read-blog/44671

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https://techplanet.today/post/private-lte-market-share-development-by-companies-outlook-growth-prospects-and-key-opportunities-from-2022-2032-says-fmi-analyst

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Tax Management Market Size is Supposed to Create at a CAGR of 11.3% from 2022 to 2032 | Report by FMI

According to a recently published Future Market Insights report, the Tax Management Market was estimated at US$ 18.9 Bn in 2021 and is expected to grow at a CAGR of 11.3% from 2022-2032. The market is expected to be worth $61.4 billion by the end of 2032. The tax management software market is expected to grow at a CAGR of 10.6% between 2022 and 2032.

Because the tax eco-system is slow to digitalize, tax authorities are gradually embracing modern values in order to improve real-time reporting and provide effective services to their customers. Tax authorities are reaching various stages of maturity by digitising interactions in order to provide more helpful and personalised services to taxpayers.

In today’s consumer-centric society, tax authorities all over the world are implementing more modern tax legislation and demanding greater openness from taxpayers and tax authorities by sharing and easily exchanging information. Many European governments, followed by Latin American governments, are adopting Standard Audit File for Tax (SAF-T) standards. Similarly, web-based tax systems that use Machine Learning (ML) and Artificial Intelligence (AI) applications are replacing spreadsheets, which reduce human input and data translation while speeding up tax filing operations.

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Since most tax authorities began adopting sophisticated analytics, there was some difficulty involved with the digitalization of the taxing process. The adoption of innovative tools in tax management decreases complexity by allowing taxpayers to register for tax registration digitally, e-fill tax forms, and tax authorities process returns and refunds in real-time. As a result, the advancement of technology and firms embracing digital strategies has contributed positively to the growth of the global tax management industry.

Competitive Landscape

Businesses are focusing on organic growth strategies such as product approvals and non-disclosure agreements. Acquisitions, partnerships, and collaborations are among the inorganic growth procedures seen in the company. With increased demand in the worldwide industry, market players in the Tax Management industry are expected to benefit from growth prospects in the future. Some of the recent developments in the Tax Management market include:

In November 2021, Thomson Reuters joined forces with Deloitte Tax, a prominent provider of audit, consultancy, tax, and advisory services. The collaboration would aid company tax as well as legal departments throughout the world in their operations. Furthermore, the collaboration would offer solutions for legal departments and in-house tax to deal with the growing issues posed by global compliance and regulatory obligations, and the pressing urge to become more efficient, agile, and digital.
In November 2021, Avalara, Inc., a leading supplier of cloud-based taxpayer compliance management for businesses of all kinds, announced that its cross-border compliance capabilities will enable the new duty and import tax capabilities of Shopify Markets, the company’s global commerce centre. The added duty and import tax capability, which is part of Shopify Markets, combines Avalara technology and information to provide landed cost pricing to assess duty and import tax obligations for above 180 countries. Avalara recently announced the purchase of 3CE Technologies, a firm that supplies commercial enterprises and government organizations with Harmonized System (HS) commodities categorization codes and verification solutions.

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Tax Management Market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in the Tax Management Market in terms of Component (Software, Services), Deployment Mode (Cloud, On-premises), Organization Size (SMEs, Large Enterprises), Tax Type (Indirect Tax, Direct Tax), Vertical (BFSI, Information Technology (IT) and Telecom, Manufacturing, Energy and Utilities, Retail, Healthcare and Life Sciences, Media and Entertainment, Others), and across five regions (North America, Latin America, Europe, Asia Pacific, Middle East & Africa).

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Market Segments Covered In Tax Management Market Analysis

By Component:

Software
Services

Deployment Mode:

Cloud
On-premises

By Organization Size:

Small and Medium-sized Enterprises (SMEs)
Large Enterprises

By Tax Type:

Indirect Tax
Direct Tax

By Vertical:

Banking, Financial Services and Insurance (BFSI)
Information Technology (IT) and Telecom
Manufacturing
Energy and Utilities
Retail
Healthcare and Life Sciences
Media and Entertainment
Others

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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https://adhipatialumni.com/blogs/57478/Private-LTE-Market-By-System-Type-End-User-Regional-Analysis

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