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Electric water heaters or geysers are among the indispensable appliances used in residential as well as commercial setups, and growing adoption of electric water heaters is further amplified with the increasing need for convenience among end users.
Advanced technologies are triggering the wave of transformation in the global electric water heaters market, as leading manufacturers are introducing innovative features driven by technologies.
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Increasing disposable income and growing infrastructural facilities around the world are among the primary, macroeconomic drivers of the global market for electric water heaters. Significantly high demand and sales of electric water heaters worldwide coupled with the adoption of new-age technologies is pushing the global market to reach the stage of maturity.
However, leading players in the global electric water heaters market are investing heavily in research & development to introduce products that bolster saving of energy and reduce their environmental impact.
However, the demand for these products in rural areas may remain low due to low awareness and prevalence of advanced technologies. This may hamper the overall growth of the global electric water heater market.
Smart Heating Technologies to Trigger Sustainability and Energy Efficiency of Electric Water Heaters
The global energy crisis has multiple dimensions such as environmental, technical, economic, and political. Growing demand for energy around the world puts immense pressure on the world’s power utility and energy generation units.
Thereby, this emphasizes the importance of implementing an efficient energy management and energy conservation system in various electric home and commercial appliances.
Electric water heaters are known for their massive share in energy consumption; water heating appliances account for nearly 12% of residential energy demand and more than 7% of energy consumption in commercial applications.
Being among the electric appliances with the largest share of energy consumption, electric water heaters need to be redesigned to reduce energy loss and energy consumption.
Leading players in the global electric water heaters market are adopting innovative technologies such as Big Data, Artificial Intelligence, machine learning, and Internet of Things, which can monitor and reduce the energy consumption of these appliances.
These technologies give end users a centralised control over electric water heaters, and this is expected to trigger demand for smart electric water heaters that can boost energy consumption, giving rise to new trends in the global market.
Developing Countries Exhibit Impressive Potential; Infrastructural Development to Drive Growth
The demand for electric water heaters is growing strong in developing countries across the world. Growing disposable income of end users and increasing growth of the construction industry are among the top factors that are primarily boosting the sales in emerging economies.
Manufacturers are noting the rising demand for electric water heaters in the residential sector, as the product finds wide ranging applications in this space.
However, the adoption of electric water heaters in the commercial sector of developed countries is also growing significantly high, driving new trends in the market.Commercial spaces such as hotels, schools, as well as offices, are contributing heavily to the rise in demand for electric water heaters.
Furthermore, ongoing infrastructural developments in both residential as well as commercial spaces is expected to influence growth prospects of the electric water heaters market in emerging economies such as China, Brazil. India, Thailand, Mexico, along with some developing countries in the Middle East & Africa.
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Electric Water Heater Market: Region-wise Analysis
Based on the geographical factors, the electric water heater market is broadly segmented into seven regions – North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa.
While the global market for electric water heater is gaining momentum, the growth prospects of the local market in the Asia Pacific region are expected to remain impressive.
Increasing foreign investments in the development of manufacturing infrastructure in the developing countries Asia Pacific region mainly provides an impetus to the growth of the electric water heater market in the region. China and India are among the leading contributors to the growth of the Asia Pacific market for electric water heaters.
Advent of next-generation technologies and growing trend of tech innovation is expected to remain the primary driving engine for the electric water heater market in the Asia Pacific region.
Leading players in the Asia Pacific market are bolstering the use of tech features such as automated temperature control and other features that promote sustainability and energy efficiency.
North America and Europe are also expected to witness positive growth in the global electric water heaters market with the stronghold of global leaders in these regions. Growing end user awareness about the environmental impacts of electric water heaters will trigger demand for products that promise conservation of energy in these regions.
Electric Water Heater Market: Competitive Landscape
Some of the leading stakeholders in the global electric water heater market include

• General Electric Co
• Rheem Manufacturing Company
• A.O. Smith Corp
• Midea Group
• Siemens AG.

A few other important vendors in the electric water heater market are Hubbell Electric Heater Company and Ariston Thermo SpA.
Leading players in the electric water heater market have a stronghold across the landscape, mainly due to the strong global footprint and power of networks. However, new entrants in the global market are aiming to compete on the innovation and price differentiator with the launch of electric water heaters with unique features.
In November 2017, Orient Electric Limited – a consumer electrical brand in India which is also a part of the diversified Indian conglomerate CK Birla Group – announced that it has launched its new electric water heater that had energy efficient features and a complete balance of design and functionality.
The company aimed to capitalize on a classic design with smart features such as thermostat, analog temperature display, and multifunction valve.In July 2019, Rheem Labs – a leading global company that manufactures water heating and HVAC (Heating, ventilation, and air conditioning) equipment – announced that it has launched a multipurpose hose sprayer – HotWave.
The company also declared that the new hot water sprayer is integrated with the tankless water heating technology that ensures the supply of endless hot water outdoors. The company aims to capitalise on the safety and reliability of its new water heating technology and assures highest electrical standards
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Region-wise Analysis

• North America (U.S., Canada)
• Latin America (Mexico, Brazil)
• Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
• East Asia (China, Japan, South Korea)
• South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
• Oceania (Australia, New Zealand)
• Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Report Highlights

• The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants 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 segments.
• The report also maps the qualitative impact of various market factors on market segments and geographies.

Global Electric Water Heater: Segmentation
Product

• Storage Water Heaters
• Non-storage/Tankless Water Heater

Capacity

• Small
• Medium
• Large

End Use

• Commercial
• Residential
• Industrial

Hidden inside the car, actuation parts are often considered as ‘safety critical’ parts. Automotive actuators are used in the actuation of various systems such as power seats and brake systems of the vehicle. One of the important system is brake actuation system which is small mechanically operated device used to ensure that the front and rear brakes are applied at the same instance. In a front wheel drive car, approximately 60% weight is over the front wheels, in order to avoid skid developed from imbalance equalization system is achieved using brake actuation systems.
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Automotive brake actuation system does not only prevent wheel lock during braking but also control behavior of the car under serious driving conditions by supporting various system such as electronic brake force distribution (EBD) traction control system (TC), hydraulic brake assist (HBA) or cornering brake control (CBC). As the concern over safety is growing across the globe such systems are gaining increasing traction among the OEMs and users.

Automotive Brake Actuation Systems Market: Drivers & Restraints
The global automotive brake actuation system market is increasing rapidly due to various factors such as stringent government norms related to safety and consumer preferences shifting to new technology advancement and active safety features. Also, rising concern over fuel economy, stringent government laws towards controlling vehicular emission and growing vehicles in operations are some of the major drivers along with macroeconomic factors such as growing GDP are fuelling the growth of the global automotive brake actuation systems market. However high cost of implementation and slower adoption rate of newer technology can pose a major challenge towards the growth of the global automotive brake actuation systems market.

Automotive Brake Actuation Systems Market: Overview                
The global automotive brake actuation system market is expected to grow with significant rate over the forecast period from 2015 to 2025. Developed economies such as U.S. and U.K. is anticipated to play major role in first half of forecast period 2015 – 2020 while during the second half of the forecast period emerging economies such as India, China and Brazil is forecast to surge the demand for automotive brake actuation systems market. Among the vehicle type segment, passenger vehicle segment dominated the global automotive brake actuation system market in 2014, and is projected to expand at highest CAGR over the forecast period.

Automotive Brake Actuation Systems Market: Region-wise Outlook
The global automotive brake actuation systems market is geographically segmented into seven key regions which are, North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan and Middle East & Africa. As of 2014, Asia Pacific dominated the global automotive brake actuation system market followed by North America and Europe. On the other hand BRIC countries are expected to grow at higher CAGR when compared to other countries in their respective regions.

Automotive Brake Actuation Systems Market: Key Players
Some of the key players identified in global automotive brake actuation systems market are Continental AG, ZF TRW, MICO, Inc., Delphi Automotive PLC, Magneti Marelli S.P.A, and Valeo S.A.
The research report presents a comprehensive assessment of the 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 categories such as market segments, geographies, types, technology and applications.
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The report covers exhaustive analysis on:

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

Regional analysis includes

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

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants 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 segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Automotive Brake Actuation Systems Market: Segmentation
Global Automotive Brake Actuation system market is segmented on the basis of geography, vehicle type and by components.
Component segment of the global automotive brake actuation systems market includes following segment

• Brake booster
• Tandem master cylinder (TMCs)
• Brake fluid reservoir

On the other hand vehicle type segment is further segmented into following three categories;

• Passenger Vehicle
• Light Commercial Vehicle
• Heavy Commercial Vehicle

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Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

Given its low water absorption aspect, basalt fibre is gaining significant traction as construction material.  High thermal resistance of basalt fibre makes it an ideal material in industrial furnace lining and fireproof rope applications.
A naturally-derived material, basalt is relatively more recyclable compared to other reinforcing fibers and is, thus, witnessing significant traction in various end-use industries.
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Market players are investing in R&D for expanding the application scope of basalt fibre to wind energy, marine and other industries.
Basalt Fibre Market – Growth Drivers and Trends
Increasing infrastructural development projects in emerging economies, especially China, and India, are primarily fueling the demand for basalt fibre in construction industries, owing to its low-cost and non-corrosive properties.
Basalt fibre exhibits 83% more tensile strength versus steel and its small particles act as an additive to produce fibre-reinforced concrete.
Going forward, basalt fibre finds immense usage as fireproof textile in automotive and aerospace industries as it is cheaper than carbon fibre and possess greater physicomechanical properties than fiberglass.
Basalt Fibre Market – Growth Restraints
While basalt fibre is witnessing significant demand from several end-use sectors, factors such as high cost and scarcity of raw material is posing threat to the basalt fibre market growth.
Availability of numerous low-cost substitutes such as fiberglass is dampening the adoption of basalt fibre from small-scale industries.
Domestic manufacturers in emerging regions are stiffening the market competition by selling products at much cheaper rates, as such, leading players are experiencing difficulties in expanding their regional foothold.

Impact of COVID-19 on Basalt Fibre Market

The COVID-19 pandemic is having dampening effect on the global mining industry. Government has imposed lockdowns in various non-essential service sectors, thus, resulting in reduced production of metals from mining industries. On the other hand, demand for commodities such as copper, basalt and iron remains low from various end-use industries.
Unavailability of labor and high transportation costs have halted construction processes in worst-affected countries including, Italy, the US, China, India, among others. Recent studies reveal the global construction industry currently stands at 0.9% growth in 2020. Going forward, demand from the automotive industry for basalt fibre has seen a severe downfall during the COVID-19 pandemic.

Basalt Fibre Market – Regional Analysis

North America and Europe currently hold prominent share in the global basalt fibre market. The US, Russia and Germany are leading consumers of basalt fibres in these regions respectively.
These regions are hub of automobile, construction and wind energy sectors. Further, favorable government trade policies are playing a helping hand in the market growth in North America and Europe.
Asia Pacific (APAC) is anticipated to provide remunerative opportunities to basalt fibre market towards the forecast period.
Increasing government investments towards infrastructural development is slated to drive the regional market growth.
Expanding automotive industries in China and Japan is fueling the demand for basalt fibre. Studies reveal that the annual production of automobiles in APAC is more than 50 million, 60% of which are used domestically.

Basalt Fibre Market – Competitive Landscape

The global basalt fibre market is slightly fragmented and is represented by limited number of global and regional players. These players are focusing on continuous expansion and collaboration activities. For instance,

• In April 2020, Polotsk-Glassfibre expanded its business by launching a new furnace with production capacity of 500 tons fibre per year.
• In 2019, Basanite Industries LLC started a new manufacturing unit in Florida for production of basalt fibres and basalt composites.

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Key Compnies

• Kamenny Vek Mafic
• Technobasalt-Invest
• Fibrebas Construction and Building Technologies
• Hebei Tong-Hui Technology
• Technobasalt-Invest LLC
• Company Mineral 7
• Aerospace Tuoxin
• Mudanjiang Jinshi Basalt Fibre Co. Ltd
• Zaomineral
• GMV
• Mafic SA
• KamennyVek
• Jilin Province Huayang New Composite Material Co., Ltd.
• Tongxin, Galen, Nmg Composites Co., Ltd.
• Sichuan Aerospace Tuoxin Basalt Industrial Co., Ltd.
• Incotelogy GmbH
• JiangsuTianlong
• ISOMATEX S.A.
• JilinJiuxin
• Russian Basalt
• Arrow Technical Textiles Private Limited
• Zhejiang GBF Basalt Fibre Co.
• Sudagla
• Shanxi Basalt Fibre Technology Co. TD.

Region

• North America (U.S., Canada)
• Latin America (Mexico, Brazil)
• Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
• East Asia (China, Japan, South Korea)
• South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
• Oceania (Australia, New Zealand)
• Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Report Highlights
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants 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 segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Basalt Fibre Market – Segmentation
Basalt fibre market is segmented on the basis of following,
By Type

• Composites
• Non-Composites

By Form

• Continuous Basalt Fibre
• Discrete Basalt Fibre

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By Composite Processing Method

• Pultrusion
• PrePregs
• Compression Moulding
• Hand Layup
• Resin Moulding
• Vaccum Infusion
• Spray Gun
• Filament winding
• Resin film Infusion (RFI)
• Others

By Application

• Concrete reinforcement
• Roads
• Mesh filters
• Insulator
• Wall Plugs
• Spray Application
• Refractory Bricks and Blocks
• Walls and foundations
• Coastline reinforcement
• Reinforcement for Sports equipment and Automotive Parts
• Water works
• Ship & Boats Building
• Shafts and tunnels
• Composites
• Others

By End-use Industry

• Construction & Infrastructure
• Automotive & Transportation
• Electrical & Electronics
• Wind Energy
• Marines
• Others

The cancer supportive care products market is anticipated to reach a valuation of US$ 32 billion by 2030. The industry is expected to be marginally impacted by the ongoing crisis of the coronavirus outbreak. The critical nature of cancer treatment is a key factor that supports the production and sales of cancer supportive care products. On the other hand, potential risks of coronavirus on immunocompromised cancer patients can create challenges in the industry.

As the FMI report foresees the future of the cancer supportive care products market, the demand will expand at a notable CAGR of during the forecast period of 2020 to 2030. In terms of revenue, the concerned market is poised to attain a valuation of US$ 32 Bn by the end of 2030, Cancer supportive care products market is expected to grow at about 4% y-o-y in 2020. As per the World Cancer Research Fund International (WCRF), it has been projected that there will be more than 24 million cases of cancer by 2035 globally. These numbers do not include non-melanoma skin cancer. According to the National Cancer Institute (NIH), there were more than a million cancer cases in the U.S. itself

“Most prominent cancer treatment therapies have been known to cause a wide range of potentially serious side effects. Consequently, the role of cancer supportive care drugs is essential in reducing such side effects. So, increasing incidences of cancer has a direct impact on the growth of this market for the foreseeable future,” says the report by FMI.

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Cancer Supportive Care Products Market – Primary Takeaways

• Erythropoietin stimulating agents are accounting for major market share, owing to superior efficacy in supporting the patient’s immunity capacities during treatment.
• Supportive care for breast cancer is rapidly gaining ground, supported by high investments by private and public bodies toward breast cancer awareness campaigns.
• North America is a major market for cancer supportive care products, aided by favorable reimbursement policies, and better healthcare infrastructure.

Cancer Supportive Care Products Market – Growth Factors

• Steadily rising incidences of cancer, coupled with higher incomes and better healthcare facilities are key driving factors.
• High investments by governments and healthcare companies towards product development support adoption.

Cancer Supportive Care Products Market – Major Constraints

• The increasing use of targeted therapy drugs for cancer reduces side effects and the requirement of supportive care products.
• Strict regulations and slow approval of cancer supportive care products holds back market growth.

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The Projected Impact of Coronavirus

With the high level of contagiousness of the covid-19 virus, healthcare facilities are being forced to balance the need for cancer therapies, with the potential risk of severe complications arising from a coronavirus infection, particularly as most cancer patients are immunocompromised for the duration of the treatment. Supportive care products which can minimize clinic and hospital visits are gaining preference. As a result, telehealth options are likely to gain ground during the pandemic.

Competition Landscape

The cancer supportive care products market comprises players including but not limited to Teva Pharmaceutical Industries Ltd., Amgen Inc., Fagron, Johnson & Johnson Pvt. Ltd., Hoffmann La Roche Ltd., Baxter, Novartis AG, Heron Pharma, Bendalis Gmbh, Enlivity Corporation, and ARIAD Pharmaceuticals.

Participants in the cancer supportive care products market are largely displaying interest in setting up clinical trials, and acquiring regulatory approval for new offerings in development.

For instance, Pfizer announced the FDA approval for Bavencio – avelumab for supportive care in advanced bladder cancer. Similarly, Specialized Therapeutics Asia’s NERLYNX for early breast cancer care has received approval by the National Pharmaceutical Regulatory Agency of Malaysia. Javelin Pharmaceutical Inc. has set up a promising clinical trial for second-line immunotherapy for its bladder cancer supportive care drug.

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More About the Study

The FMI study provides detailed insights on cancer supportive care products market. The market is broken down in terms of drug class (non-steroidal anti-inflammatory drugs, anti-infective, anti-emetic, monoclonal antibodies, erythropoietin stimulating agent, opioid analgesics, bisphosphonates, and granulocyte colony stimulating factor), indication (lung cancer, breast cancer, prostate cancer, liver cancer, bladder cancer, leukemia, ovarian cancer, melanoma, and others), and distribution channel (Hospital pharmacy, retail pharmacy, and compounding pharmacy), across seven key regions (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).

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