Entertainment Transcription Market 2022 by Global Key Players, Types, Applications, Countries, Industry Size and Forecast to 2028

Global Entertainment Transcription Market: Introduction

Transcription is a process in which either live or a recorded speech is converted into written document or an electronic text document. Entertainment transcription covers the transcription of documentaries, movies, TV episodic etc. So entertainment transcription is basically transcription of any content related to the media and the entertainment industry. Nowadays, entertainment transcription has become much easier. First of all the audio or the video file is uploaded on the secure server of the transcription service provider. The transcriptionist can replay the audio or video multiple times. Moreover, the sound can be equalized, filtered or even the tempo can be adjusted if the clarity of sound is very poor. Thus the transcription can be done within few hours and the transcribed document can be printed out, incorporated with other documents or even can be emailed back.

Sometimes in case of TV episodic transcriptions to maintain consistency throughout the transcription, transcriptionists even uses consistency sheets. A project is even localized sometimes in order to introduce it to a non-English speaking market. So once a project goes through the transcription process, it is sent for localization where a QA expert and an entertainment transcription expert will review the project. This process takes place simultaneously in order to manage the turnaround time of the project.

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Global Entertainment Transcription Market: Dynamics

The entertainment transcription helps to understand the actual content in a more accurate and better way, and with the help of entertainment transcription one can avoid the confusion or misinterpretation. Thus it is one of the major feature driving the adoption of the entertainment transcription market. The entertainment transcription can be done from any kind of CDs, DVDs, audio or video cassettes and digital files including all type of file formats, which is another factor fueling the growth of the entertainment transcription market. There is an increasing demand for entertainment transcription by production companies as they use them for pre-production, post production, subtitling, as well as for editing purposes, hence it is another factor driving the growth of the entertainment transcription market.

It is necessary to keep the contents of the entertainment industry as a secret until the content is aired live to the target audience, thus it is very important to maintain the confidentiality of the content, and hence it is one of the major factors restraining the growth of the entertainment transcription market.

Global Entertainment Transcription Market: Competition Landscape

Key Developments

In August 2017, Outsource2india’s parent company Flatworld Solutions Inc., a back office services provider, has signed a strategic partnership with Quadratyx, a data science and artificial intelligence company. Through this partnership they will be able to provide intelligent solutions in fraud detection for banks, crime prevention for cities, bringing efficiency to the Insurance industry.

Key Vendors

Examples of some of the market participants in the global entertainment transcription market identified across the value chain include Synergy Transcription Services, Capital Typing, TranscribeMe Inc., TranscriptionStar, Pioneer Support Services, Inc., Outsource2india, Hourtrans.com and g11n Inc.

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Global Entertainment Transcription Market: Regional Outlook

Geographically, the entertainment transcription market can be segmented into North America, Western Europe, Latin America, Eastern Europe, Asia Pacific excluding Japan (APEJ), Middle East and Africa (MEA), and Japan.

North America contributes the highest share of entertainment transcription market as in developed economies such as U. S. and Canada, there is high adoption of the entertainment transcription across the media and entertainment industries.

Asia Pacific is anticipated to exhibit high growth in entertainment transcription market during the forecast period as some of Asian countries are some of the leading hubs for offshoring of entertainment transcription services.

The report covers an exhaustive analysis on:

  • Global Entertainment Transcription Market Segments
  • Global Entertainment Transcription Market Dynamics
  • Historical Actual Market Size, 2013 – 2017
  • Global Entertainment Transcription Market Size and Forecast 2018 to 2028
  • Supply and Demand Value Chain
  • Global Entertainment Transcription Market Current Trends/Issues/Challenges
  • Competition and Companies involved
  • Technology
  • Value Chain
  • Global Entertainment Transcription Market Drivers and Restraints

Regional analysis for Global Entertainment Transcription Market includes

  • North America Entertainment Transcription Market
    • U.S.
    • Canada
  • Latin America Entertainment Transcription Market
    • Argentina
    • Mexico
    • Brazil
    • Rest of Latin America
  • Western Europe Entertainment Transcription Market
    • Germany
    • France
    • U.K.
    • Spain
    • Italy
    • Nordic
    • Benelux
    • Rest of Western Europe
  • Eastern Europe Entertainment Transcription Market
    • Poland
    • Russia
  • Asia Pacific Entertainment Transcription Market
    • India
    • ASEAN
    • Australia and New Zealand
    • Rest of SEA and Others of APAC
  • Japan Entertainment Transcription Market
  • China Entertainment Transcription Market
  • Middle East and Africa Entertainment Transcription Market
    • GCC Countries
    • North Africa
    • South Africa
    • Rest of MEA

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. It provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. It also maps the qualitative impact of various market factors on market segments and geographies.

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Global Entertainment Transcription Market: Segmentation

The global entertainment transcription market can be segmented on the basis of file type, service, and region.

Entertainment Transcription by file type

  • Audio file
  • Video file

Entertainment Transcription by service

  • Reality Show Transcription
  • Radio Transcription Services
  • Media Transcription
  • News Program Transcripts
  • Talk Show Transcripts

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics of 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 product offerings
  • Potential and niche segments/regions exhibiting promising growth
  • A neutral perspective towards market performance
  • Must-have information for market players to sustain and enhance their market footprint

Dark Tourism: Sector Overview & Analysis Of Market Notable Developments & Geographical Outlook

Dark tourism, also called as grief tourism or black tourism is a type of tourism that involves travelling to places that are historically associated with tragedy and death. There are different categories of dark tourism – grave tourism, holocaust tourism, genocide tourism, cold war and iron curtain tourism, communism tourism, disaster area tourism, paranormal tourism, battlefield tourism and nuclear tourism. There are many tourist spots that are indirectly or directly connected with death, like battlefields, museums and prison camps.

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Dark tourism is related to heritage and culture tourism and therefore history plays a vital role here. This facilitates the transfer of information regarding the past including unsung heroes and their struggles. History does tell us about the past, but the question is how many people actually go on reading history books to get acquainted about the past Travels to the actual sites that have experienced a great deal of struggles and tragedies arouse interest in people; and those people who hate reading history books get curious about the past because they actually visit and confirm with their own eyes – seeing is believing! Many case studies were carried out in this sector for example the study of Robben Island (South Africa), District Six (Cape Town) and The Apartheid Museum in Johannesburg.

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Dark Tourism: Aspects Driving Sector Growth

There are many tourist attractions such as beautiful landscapes with scenic beauties, wild life areas, etc. However, dark tourism focusses on sites that have associations with the past, be it a death site or a land where war has occurred or some heart-stopping tragedies have taken place. The popularity of dark tourism is dependent on the number of tourists opting for vising dark sites. Motivating factors for tourists can be clubbed into biological and socio cultural forces that stimulate the behaviour of people. The desire to explore the unknown and unusual or paranormal can be considered as the pushing factors for dark tourism. Some of the general drivers are –

  • Sites such as graveyards could be fascinating and prospective areas for possible retrospective and spiritual purposes
  • Thrill and risk seeking lures tourists who like adventure, excitement and curiosity
  • Need to get acquainted with the knowledge of a place that has experienced a tragedy like mass murder; again curiosity places a key role here
  • Self-discovery and learning about such sites to boast about them later in social groups
  • Urge to visit sites that have immortal memories linked with people or even stories about haunted mansions etc.
  • Other religious reasons

Main factor that drives this sector is a fascination for the term “death” – even though it is negative and harsh, many people are curious to understand the term, as the concept of death itself is inevitable in nature and cannot be conquered. Dark tourism can also be linked to heritage tourism, and hence the sites could have significant historical influence too, rather than being a mere site where a tragic event has taken place.

Empathy could be one more aspect that relies on the visitor’s ability to know the heroic stories that might have taken place at a particular location. Emotional facet is an additional arm of motivation, as emotions create a sense of gratitude, insecurity, superiority or humility. All these factors are intertwined with one another. The field is still being researched upon to understand the “why” aspect, which is literally driving people to visit places with dark attractions and activities. The above mentioned aspects are just one angle that totally resides or depends upon the psychology of the individual that govern human traits and give rise to reasons such as “Ethical Must”, “Educational Motives”, “Roots Tourism” and “Empathy and Curiosity” which motivate the individual to visit dark sites, driving the upsurge of the dark tourism sector.

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Dark Tourism: Factors Hampering Sector Growth

Along the push factors, there are also the pull factors associated with the dark tourism sector. A tourist attraction may be educational or exploitative; this depends upon the visitors visiting the place. “Misinformation” about a place, hiding or omitting the challenges that were actually faced is a growth restraining factor for the dark tourism sector. Then there are sites involving voyeurism, which questions the ethics of this sector. Other sector growth killers include high costs charged to tourists, insufficient facilities offered to tourists, negative marketing and publicity of dark tourism sites, negative perception of dark tourism and lack of skilled personnel to maintain the sites.

Dark Tourism: Worldwide Locations

Dark tourism is scattered worldwide. There are different dark tourism sites across the world, few of which are mentioned below:

  • Concentration and Extermination Camp in Auschwitz (Poland)
  • Ground Zero – The National September 11 Memorial (USA)
  • Dow Hill in Kurseong (India)
  • Hiroshima Peace Memorial Park (Japan)
  • The Dracula’s Castle – Bran Castle (Transylvania)
  • Alcatraz Federal Penitentiary (San Francisco, USA)
  • Island of the Dolls (Mexico)
  • Jack The Ripper (London)
  • Bhangarh Fort (India)
  • Kuldhara (India)
  • Jallianwala Baug (India)

All these sites play a vital role in the concerned regional economy and in maintaining the image of that particular region. Generally, the destinations that are shortlisted as sites for dark tourism include museums, slums, historical ruins, cemeteries, war scenarios and areas where tragic incidents have occurred. Dark tourism brings to life the past, the tragic incidents that occurred and the historical image they reflect due to which a region becomes popular. The dark tourism sector is influenced by these destinations as they tend to attract a lot of people, spreading the concept of dark tourism.

Counterfeit Drug Detection Device Market Rise At 4% During 2019-2029

Driven by governments’ efforts towards development of centralized and organized tracking systems, the global demand for counterfeit drug detection devices will see 1.5X expansion over the decade-old forecast period (2019 – 2029). Increasing surveillance practices of the Drug Enforcement Agency and Customs and Border Protection to conduct screening activities on medicines and health products will remain pivotal in the market build-up.

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Governments also continue to conduct awareness about fake drugs, which would be among the key factors limiting supply of counterfeit drugs. This, in turn, will drive the growth of counterfeit drug detection devices market. For an instance, the European Union recently introduced falsified Medicine Directive (FMD) to address threats of counterfeit medicines impacting entire supply chain.

Key Takeaways

  • Although benchtop devices are most suitable for use in laboratories, development of handheld devices is offering more feasibility in the in-field testing area. Faster results and in-field applications of handheld devices offer lucrative growth opportunity.
  • Well-established regulation that is constantly updated for identification of counterfeit drugs along with increasing awareness for these drugs in North America are factors that make the region lucrative for growth of the counterfeit drug detection device market.
  • In terms of product, chemical composition detection devices account for a significant share in the counterfeit drug detection device market value. This growth is primarily attributed to the changing trend from on-package tracing to on-drug/on-product tracing methods.

Greater emphasis of regulatory bodies on development of regulations such as FMD in Europe to reduce counterfeit drug supply will be offering ample growth opportunities to market players in the near future.

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Some of the key players offering counterfeit drug detection devices include Spectris, Thermo Fisher Scientific, Inc, Olympus Corporation, Metrohm AG, and Rigaku Corporation. Top four companies (Thermofisher Scientific Inc, Olympus Corporation, Spectris, and Rigaku Corporation) currently contribute nearly 60% share in the market revenues.

Some of the prominent companies are focused towards the development of innovative track and trace technology such as Trutag, while others continue to dedicate focus to geographical expansion. Product portfolio through acquisition of smaller players would be one of the key strategies adopted by market leaders.

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Besides the development of on-drug tracking technologies, new methodologies such as paper-based test cards are being developed to identify counterfeit drugs at the purchase point. However, these paper-based test cards still require further testing before their deployment in the market.

Global Oral Solid Dosage Pharmaceutical Formulation Market To Grow From US$ 493.2 Bn In 2017 To US$ 926.3 Bn By 2027 End

Instead of increasing pipeline productivity for biologics and patent cliff challenges, oral solid dosage forms hold substantial opportunity in extending product lifecycle and leveraging growth potential. Manufacturers are employing various life cycle management patent strategies which include obtaining patents on isomers, metabolites, prodrugs, and new drug formulations such as extended, controlled, or rapid release formulations.

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Future Market Insights (FMI), in its report, projects the global oral solid dosage pharmaceutical formulation market to register 6.5% CAGR during the forecast period 2017 to 2027. In terms of revenue, the market will reach nearly US$ 500,000 Mn in 2017; by 2027 is further estimated to surpass US$ 900,000 Mn.

North America to Remain Largest Market for Oral Solid Dosage Pharmaceutical Formulation

North America will remain the largest market for oral solid dosage pharmaceutical formulation, followed by Asia Pacific Excluding Japan (APEJ) and Western Europe. Revenue from the market in North America is expected to surpass US$ 300,000 Mn by 2027-end. In addition, APEJ is projected to reach revenue worth US$ 294,750.4 Mn in the market by 2027. Latin America is expected to be the fastest growth region in the market, expanding at 9.2% CAGR through 2027. In contrast, Japan will witness a sluggish growth in the market.

By dosage form, tablets will continue to remain preferred in the market, with sales estimated to surpass US$ 500,000 Mn by 2027-end. Sales of tablets are anticipated to exhibit the highest CAGR in the market, followed by capsules. Capsules are expected to be the second most lucrative dosage form in the market, expanding at 6.1% CAGR through 2027.

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Immediate Release to Remain Dominant in the Market during 2017-2027

Based on release mechanism, immediate release will remain dominant in the market, expanding at 6.4% CAGR through 2027. Immediate release is expected to generate revenue over US$ 400,000 Mn by 2027-end. Controlled release under extended release segment, is expected to register 7.4% CAGR through 2027.

Retail pharmacy is expected to be the largest end-user of oral solid dosage pharmaceutical formulation market by 2027-end. Retail pharmacy is expected to exhibit highest CAGR in the market through 2027. In contrast, Hospital pharmacy is expected to exhibit lowest CAGR, even though it stands as second largest end-user in the market during the forecast period.

Increasing Presence of MNCs to Drive Market Growth in Latin America

Latin America is emerging as a manufacturing hub for oral solid dosage forms on the back of availability of low-cost resources. Multinational companies are focusing on expanding their presence in this region. These factors are expected to propel market growth in Latin America. Oral solid dosage forms are cost-effective and comparatively easy to manufacture than other dosage forms. They are most commonly used pharmaceuticals for treating various disease conditions in North America, which in turn is driving growth of the market in this region.

Growing effluent consumers in APEJ countries such as China, India and Korea are boosting growth of the oral solid dosage pharmaceutical formulation market in this region. Consumers here are adopting wealthy-life-fast-paced western lifestyle, leading them to suffer western lifestyle-related diseases including diabetes, cancer, and obesity. This compels them in seeking innovative drug treatments, which in turn is expected to fuel market growth in APEJ. However factors such as decreasing productivity of Asian manufacturers and containment issues, and low R&D expenditure coupled with challenges incurred in USFDA compliance are expected to impede growth of the market in APEJ.

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Key players identified in FMI’s report include AstraZeneca Plc., Bristol-Myers Squibb Company, Eli Lilly and Company, Gilead Sciences, Merck & Co. Inc., Novartis AG, Pfizer Inc., AbbVie Inc., Boehringer Ingelheim GmbH, Hoffman-La-Roche Ltd., Johnson & Johnson, Biogen Inc., Bayer AG, Teva Pharmaceticals, Amgen Inc., Takeda Pharmaceutical Company Ltd., Otsuka Pharmaceutical Co., Ltd., Shire Plc., Celgene Corporation, Astellas Pharma Inc.

USB Type C Market Is Expected Surpass US$ 127 Billion By 2030 At 29% CAGR

The global demand for USB type C technology continues to rise in 2020 albeit slower than the previous year, owing to the coronavirus outbreak, with the growing demand for smartphones, tablets, and laptops to meet work-from-home and e-learning requirements.

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According to Future Market Insights, the market is anticipated to reflect very strong growth prospects throughout 2030, growing at 29% CAGR. The FMI report states that the industry will gain from developments associated to the automotive industry in the near future.

FMI analysts have stated that telecommunications industry applications will be a major contributor to revenue growth in the industry in data transfer and power delivery systems. On the other hand, competition from other alternative technologies such as micro-USB is an obstacle for market players.

The USB type C industry is expected to reflect exponential growth throughout the forecast period on the back of component standardization efforts taken by manufacturers in the consumer electronics, and industrial electronics sectors. Also, the impending surge in demand for electric automobiles will also contribute to better market dynamics in the long term.

While the USB type C market is expected to continue soaring, issues in automotive applications in terms of voltage fluctuations and heat dissipation continue to be notable issues for participants in the industry.

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The study by FMI covers a comprehensive overview of the industry, discussing key dynamics of the market. Some of the critical takeaways of the report include:

  • The USB type C market was valued at 7.9 billion in 2019, with growth in demand marginally impacted during the coronavirus outbreak, with supply chain disruptions.
  • Telecommunication industry applications of USB type C products contribute substantially to revenues, with the development and implementation of power delivery and connector technologies.
  • Smartphone and tablet applications of USB type C technology is reflecting higher demand than computers, cameras, TVs, and media players. However, charger and adapter applications are likely to reflect faster growth through 2030.
  • North America remains a major market, supported by demand for smartphone charging and internet applications. However, East Asia is generating lucrative growth opportunities with investments in production facilities from international players, and growing focus on industrial and automotive electronics.

“Widespread proliferation of consumer electronics and growing application of USB C chipsets in display devices and imaging applications in healthcare supports the growth of the market. Competition from alternative interfacing technologies challenges market players,” said a lead analyst at FMI.

Covid-19 Impact on USB Type C Market

The increasing penetration and use of smartphone, tablet, and laptop devices, and the increased power consumption and data transfer applications in the consumer electronics sector have remained key factors supporting the growth of the USB type C market. However, the coronavirus pandemic is estimated to marginally impact the market in the short term.

The industry is expected to face issues in terms of component and raw material supplies owing to lockdown restrictions imposed by governments around the world.

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Also, the impact of the coronavirus pandemic on the automotive industry could restrain market growth.

However, the shift towards work from home business models and the growing popularity of remote learning options are anticipated to drive up application and demand for USB type C products.

Who is Winning?

In its report, Future Market Insights has provided an in-depth analysis of the strategies being employed by manufacturers in the USB Type C market. Top players are largely focusing on investments towards product and technology research and innovations in addition to capacity expansions in a bid to keep up with massive international demand.

Some of the leading players in the industry include Cypress Semiconductor, Anixter International, STMicroelectronics, NXP Semiconductors, Texas Instruments, Belkin International Inc., Microchip Technology Inc., Silicon Laboratories, ON Semiconductors, Hirose Electric Group, and Analogix Semiconductor Inc. among others.

Global Automatic Clay Brick Making Machine Market Competitive Growth Strategies Based on Type, Applications, End User and Region

Nowadays, building construction has become sophisticated and complex. Early types of construction provides minimal shelter from fire attack, wind and rain. At present, the definition of modern house has changed where every aspect of lightning, climate and security could be under finger-tip control. With this development, there is continuous demand for improved, more efficient and economical as well as environmental friendly construction materials such as baked clay bricks which in turn increase the demand for automatic clay brick making machine market.

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The construction industry is an important part of every economy with the contribution of more than ten percent of the GDP. And clay bricks are the backbone of this sector. China and India are the largest producer of clay bricks across the world. According to facts, the clay brick sector consumes more than 24 million tons of coals annual along with massive amount of biomass fuels. Therefore, due to large scale construction projects resides in major cities and towns thus number of brick plants have been set up on the outskirt of these cities. The Asia-Pacific estimated to be the major market for clay brick production.

Regional Outlook

The global Clay brick making machine market is segmented into nine key regions: Latin America, North America, Eastern Europe, Western Europe, China, India, SEA, Japan and Middle East and Africa (MEA). In the coming years, MEA, North America and Western Europe regions as government administration will push ahead development plans to clear backlog of infrastructure will support the demand for clay brick market. The Asia Pacific, Eastern Europe and Latin America region are key regions in terms of revenue owing to massive population that will ultimately create positive impact on the construction sector in turn support clay brick machine 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)

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.

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By Segmentation

On the basis of material used, the Automatic Clay Brick Machine market can be segmented into:

  • Pure Clay Brick
  • Clay with black soil

On the basis of motor power, the Automatic Clay Brick Making Machine market can be segmented into:

  • Less than 10 HP- Clay Brick Making Machine
  • 10 HP to 20 HP – Clay Brick Making Machine
  • More than 20 HP – Clay Brick Making Machine

On the basis of end-use, the Automatic Clay Brick Making Machine market can be segmented into:

  • Residential
  • Non Residential

By Market Participants

Some of the market participants/vendors identified in the Automatic Clay Brick Making Machine market across the globe are:

  • Wangda Bricks Machinery
  • Agro Engineering Pvt. Ltd.
  • SNPC Machines Pvt. Ltd.
  • Rising Industries
  • MEW Machines
  • Raj Industries
  • Vivek Engineering
  • Zhengzhou YingFeng Machinery Co. Ltd.
  • Yuanhang (Group) Machinery Equipment Co. Ltd.

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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 market segments such as geographies, application, and industry.

Produced Water Treatment Systems Market Is Expected To Grow At CAGR Of ~6% Between Period 2019-2029

The global oil and gas industry was a major victim of the COVID-19 pandemic due to a drastic slump in energy demand. Such was the impact of the pandemic on the oil industry that benchmark Brent crude oil prices plummeted to a historic low of under US$ 20 per barrel in April, 2020.

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Primary technologies involve basic methods to separate solids from water, such as upstream sand removal, whereas secondary treatment involves separating oil from produced water through gas floatation, degasser, and membrane separation. On the other hand, tertiary treatment technology makes use of a combination of both primary and secondary technology.

Onshore crude oil industry in North America represented 49.14 Bn barrels or 79.1% of produced water in 2012. FMI expects this to reach 116.29 Bn barrels, or 70.6% in 2020. On the other hand, offshore natural gas segment is projected to reach a volume of 7.66 Bn barrels by 2020.

Crude oil and natural gas market has a direct impact on the demand for produced water treatment systems. According to FMI’s analysis, natural gas production in North America is anticipated to expand at a CAGR of 1.1% during the period 2014-2020, whereas, growth of crude oil production is set to increase at a CAGR of 4.8% between 2014 and 2020.

The produced water treatment systems market in Europe is expected to reach a valuation of US$ 1,191.6 Mn by 2020. FMI estimates the market in Europe to expand at a CAGR of 4.6% during the forecast period. Demand for secondary treatment systems is anticipated to expand at a moderate rate during the forecast period, however, FMI expects it to remain the dominant segment through 2020. On the other hand, stringent regulation on part of the governments in Europe is expected to fuel the development of tertiary treatment technologies in the near future.

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FMI estimates the oil and gas production in Europe to increase by 0.23 Bn barrels, however, adoption of renewable energy sources in Europe is anticipated to hamper growth of this market in the future.

Asia Pacific produced water treatment systems market, valued at US$ 960.7 Mn in 2014, is anticipated to increase at a CAGR of 4.8% during the forecast period and reach a valuation of US$ 1275.2 Mn. In terms of revenue, primary produced water systems technology is expected to be the largest contributor in Asia Pacific by the end of forecast period, owing to the growing number of new produced water treatment installations in the region. According to FMI, the growth of the market in Asia Pacific is expected to be driven by a large number of new installations.

By Segmentation:

By Capacity (thsnd bl/day)

  • Less than 100
  • 100 to 500
  • Above 500

By Technology

  • Primary
  • Secondary
  • Tertiary

By Application

  • On Shore
  • Off Shore

By Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia Pacific
  • Middle East and Africa

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Competitive Analysis:

The key stakeholders in the global produced water treatment system market can be broadly categorised into treatment systems, mobile systems and rental service, and commissioning and consulting services. Schlumberger, Cetco, and Miox, Ovivo, and Global Water Engineering are companies that have a presence in all of the above-mentioned three categories.

World Lead Acid Battery Market To Expand At Over 5.2% CAGR During Forecast 2021-2031

Driven by the increasing focus on research and development and investment in automotive industry for electric vehicles, the lead acid battery market will rise at 5.2% CAGR between 2021 and 2031 in comparison above 1.2% CAGR registered during 2016-2020.

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Growth can be attributed to the increase in the demand for energy-efficient solutions across the globe. The demand for lead acid battery has increased consistently with the advent of the electric and hybrid vehicles over past few years.

Key factors fueling the demand for lead acid battery include initiatives undertaken to introduce green energy solutions in the automotive industry. Leading lead acid battery manufacturing companies are focusing on expanding their production and distribution capacities in various countries. To improve their industrial research activities, some companies are collaborating directly with regional manufacturers.

The transportation segment is among the leading end users of lead acid battery. Regionally, China has emerged as a highly lucrative market for the production and export of lead acid battery. This can be attributed to increasing demand from the country’s automotive industry, coupled with the adoption of the advanced technology and higher production capacity.

The growing requirement has led to mass production and has increased importance of process automation in the lead acid battery market. The market is shifting towards industry 4.0 s, leading to the universal adoption of new production technologies.

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Key Takeaways from Lead Acid Battery Market Study

  • Flooded battery is projected to hold over 49% of the global market share in 2021 in terms of product type, supported by superior configurations.
  • Transportation is projected to hold over 56% of the overall market share as leading segment in terms of application by 2031-end, supported by increasing investments in electric vehicles production.
  • China will remain a chief market, backed by rising demand from the automotive industry. It is expected to account for over 57.3% of demand registered in East Asia in 2021.
  • The markets India is set to surge at around 6% CAGR over the next ten years.
  • Germany is emerging as a key market in Europe, accounting for over US$ 2,509.4 Mn in 2021, driven by expansion of the automotive industry.

“The lead acid battery market is growing at a strong pace, driven largely by increasing demand for energy efficient solutions across automotive sector. The increasing demand for electric vehicles will create extensive opportunities for manufacturers. Key industry participants have been focusing product diversification to offer energy efficient solutions and gain a competitive advantage,” says a Future Market Insights analyst

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Competitive Landscape

The lead acid battery market is highly competitive at regional as well as global levels, and highly consolidated in nature. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares.

Some of the key players in this industry include but are not limited to Furukawa Electric Co., Ltd., Narada Power Source Co. Ltd., Clarios, Leoch International Technology Ltd., Enersys, Exide Industries Ltd., GS Yuasa Corporation, East Penn Manufacturing Co., Chaowei Power Holdings Limited., and others.

Compact Power Equipment Rental Market Competitive Growth Strategies Based on Type, Applications, End User and Region

Compact power equipment includes all tools required for lighter construction jobs. The equipment is small in size and used in developing products with more ease and convenience. These compact power tools are of several types, such as engine-driven power tools, electric power tools and pneumatic power tools. They are used for various operations, such as drilling, polishing, woodwork routing and screw driving.

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Compact tools are primarily used for construction related jobs. These tools are used at construction sites for activities like drilling, hammering, cutting, grinding, washing and blowing of the equipment’s. Compact power tools are light-weighted, small in size, easy to handle and transport. However, they are more complex to handle than the commonly used hand tools, requires skilled labour, and regular maintenance to avoid tool wear.

Global compact power tools rental market is expected to grow at a steady rate, as the demand for power tools are on the rise in developing countries. Drivers responsible for the growth of power tools rental market include an increasing demand for fast accomplishment of projects and increasing infrastructural development activities at developing regions like Asia, where construction companies rent the tools from power tool companies as they cannot afford to invest in power equipment. The challenges ahead include continuous maintenance and high cost of equipment. Many a time, clients who borrow equipment from companies, damage the tools, which is also a major concern for the power tool rental market.

Key trends in compact power tools market are an increasing competition from Chinese manufacturers as Chinese vendors are penetrating this market with their tools with competitive prices as compared to other vendors.

Of the many players in the compact power tools market, Makita Corporation, Bosch, Stanley Black & Decker and Techtronic Industries are the dominant leaders. Other important players include Hilti Group, Panasonic Corporation, Emerson Electric Company, Snap-on Inc., etc. Mergers & acquisitions of key players provide opportunity to expand their product portfolio.

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Regional Analysis:

In North America, Bosch acquired SPX Corporation’s Service Solution business which manufactures, develops and sells service equipment and repairs workshop accessories. In Europe, Techtronic Industries acquired Ryobi’s power tools business and Royal Appliance Manufacturing Company, a market leader in North America which develops, markets and assembles cleaning appliances such as vacuum cleaners for domestic as well as commercial use. Emerson Electronics decided to focus on acquisitions and divestitures in order to increase investment in technology and also have a strong focus to acquire the market in developing countries. This is also because of decreasing demands of their products in Europe and market saturation in the U.S. and China.

The future of compact power equipment is very attractive due to an ever-increasing demand for compact power tools. Due to saturation of developed markets like Europe, the U.S. and China, players in this market are now moving their focus towards developing or emerging nations.

This research report presents a comprehensive assessment of the compact power equipment market and contains thoughtful insights, facts, historical data, and statistically supported and industry validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market types and geography.

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Regional analysis includes

  • North America
  • Latin America
  • Asia-Pacific
  • Japan
  • Western Europe
  • Eastern Europe
  • Middle East & Africa

Gaskets And Seals Market Value To Grow By Almost $42 Billion During 2021-2026

Multiple manufacturing processes adopted across diverse industrial verticals are all contingent upon efficiency of engineering equipment & systems. The need to improve operability of such systems can be met with the use of gaskets & seals – devices that help connect multiple surfaces & systems to complete a mechanical workflow. Apropos a latest report published by Future Market Insights, the global demand for gaskets & seals is projected to surge at a steady rate during the forecast period 2016-2026. The report estimates that in 2016, more than US$ 60 Bn worth of gasket & seals were sold across the globe. Key projections compiled in the report predict that global gaskets & seals revenues will surpass US$ 100 Bn by the end of 2026, registering a value CAGR of 5.4%.

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The report has also compiled key factors impacting the growth of global gaskets & seals market during the forecast period, which follow:

  • Rising instances of leakage in industrial units that cause considerable loss in terms of property damage & health risks can be averted by use of gaskets & seals
  • The demand for gaskets & seals is also expected to rise on the account of their compliance with several strict regulations, that prompt minimisation of leakage & fugitive emissions, observed across the globe
  • Advent of 3D printing is likely to lower costs of manufacturing gaskets & seals, and will also facilitate the urgency to deliver customised products
  • Key challenges inhibiting the market’s growth during the forecast period are complex manufacturing processes, altering designs and limited material applicability for production of gaskets & seals.

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By Segmentation:

By Product Type

  • Gaskets
    • Jacketed Gaskets
    • Solid Gaskets
    • Spiral Wound Gaskets
    • Kammprofile Gaskets
  • Seals
    • Static Seals
    • Dynamic Seals

By Sales Channel

  • OEM
  • Aftermarket

By Material Type

  • Metallic
  • Non-Metallic
    • Elastomeric
    • Others

By End Use Industry

  • Automotive
  • Aerospace
  • Machinery
  • Electronics & Electrical
  • Marine & Rail
  • Others

By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan
  • Middle East & Africa
  • Japan

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Competitive Analysis:

A comparative forecast on the global sales of gaskets and seals during the forecast period projects that global demand for seals will remain fairly higher than that of gaskets. By the end of 2026, solid and spiral wound gaskets will be observed as top-selling products in the market, procuring more than US$ 25 Bn in global revenues. On the other hand, a majority of global sales of seals will dominated by dynamic seals. Static seals are projected to procure just over 42% share on global seals revenues through 2026-end.