Refrigeration Oil Market Projected to Reach US$ 2,332.9 Million by 2033, Fueled by Growing Food & Beverage Industry

The refrigeration oil market is poised for substantial growth, with a projected value of US$ 1,425.9 million in 2023, anticipated to soar to US$ 2,332.9 million by 2033. This robust expansion is underpinned by a noteworthy compound annual growth rate (CAGR) of 4.9% throughout the forecast period. The escalating demand for refrigeration oil reflects the dynamic evolution of the industry, driven by factors such as technological advancements, increasing global refrigeration needs, and a growing emphasis on energy efficiency.

The refrigeration oil market plays a crucial role in supporting the efficient and reliable operation of refrigeration systems across various industries. Refrigeration oil is a specialized lubricant specifically formulated for use in refrigeration compressors and other components of refrigeration systems.

The increasing demand for refrigeration and cooling solutions in industries such as food and beverage, pharmaceuticals, chemicals, and HVAC (heating, ventilation, and air conditioning) has propelled the growth of the market. Refrigeration systems are essential for preserving and transporting temperature-sensitive products, and the proper lubrication of compressors is crucial for their optimal performance.

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The growing focus on energy efficiency and environmental sustainability has influenced the refrigeration oil market. Manufacturers are developing refrigeration oils that offer excellent lubrication properties, thermal stability, and compatibility with modern refrigerants.

Additionally, the increasing demand for frozen and packaged food products has driven the growth of the refrigeration oil market. The global food trade has expanded, and perishable food products need to be transported and stored under controlled temperature conditions.

HFCs (hydro-fluorocarbons) hold a significant share of 36.3% in the refrigeration oil market, reflecting their widespread use as refrigerants in various cooling and refrigeration systems. Refrigeration oils specifically formulated for HFC-based systems offer excellent lubrication properties, thermal stability, and compatibility with HFC refrigerants. The demand for refrigeration oil is closely linked to the adoption of HFCs, driven by increasing environmental regulations and the focus on sustainable refrigeration solutions.

Refrigerators and freezers hold a substantial share of 31.5% in the application of refrigeration oil market, reflecting their extensive usage in both residential and commercial sectors. Proper lubrication with refrigeration oil is essential for the efficient and reliable operation of refrigeration systems in these appliances.

The USA is expected to hold a prominent value share of 15.3% in the refrigeration oil market in 2022. Ongoing investments and development in industries such as automotive, oil and gas, pharmaceuticals, and infrastructure contribute to the demand for refrigeration systems and refrigeration oil in the country.

Germany is projected to hold around 6.1% of the demand share in the Europe refrigeration oil market. The country’s extensive spending on drug development and the expansion of the healthcare system and pharmaceutical industry contribute to the demand for refrigeration systems and refrigeration oil.

Recent Developments

ExxonMobil, an oil and gas company, and Qatar Energy, a petroleum company, announced in June 2022 that they had signed an agreement to further develop Qatar’s North Field East project, which will increase the country’s annual LNG capacity from 77 million tonnes to 110 million tonnes by 2026.

Shell plc, an oil and gas company, agreed to sell IKAV its 100% stake in Shell Onshore Ventures LLC, which owns a 51.8% stake in Aera Energy LLC, a natural gas and oil exploration and production company, for approximately US$ 2 billion in cash and additional contingent payments based on future oil prices, in September 2022.

Key Companies Profiled

  • ExxonMobil Corporation
  • Shell Plc
  • Idemitsu Kosan Co., Ltd.
  • MEIWA CORPORATION
  • CPI Fluid Engineering (Part of The Lubrizol Corporation)
  • FUCHS Lubricants (Part of FUCHS Petrolub SE)
  • Chevron Phillips Chemical Company LLC
  • Performance Chemicals (Division of BASF SE)

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Key Segments Covered in the Refrigeration Oil Market Report

By Product Type:

  • Mineral Oil
  • Synthetic Oil

By Refrigerant Type:

  • Chlorofluorocarbon (CFC)
  • Hydro-chlorofluorocarbon (HCFC)
  • Hydro-fluorocarbon (HFC)
  • Ammonia
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
  • Japan
  • Middle East & Africa (MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Soda Ash Market Thrives with a Robust 4.0% CAGR through 2033, Fueled by Surging Demand in the Glass and Ceramic Industry

The soda ash market is poised for substantial growth, with an estimated value of US$19.9 billion in 2023 and a projected surge to US$29.6 billion by 2033. This impressive expansion is underscored by a consistent Compound Annual Growth Rate (CAGR) of 4.0% recorded during the forecast period. The robust sales figures reflect the escalating demand for soda ash, indicative of its vital role in various industries and a promising trajectory for the market’s future.

The rising demand for natural and synthetic products, growing population and consumption of paper are increasing the adoption of soda ash. In addition, the increasing adoption of soda ash in the soap & detergent industry propels market expansion. The growing demand for glass from many end-use industries such as commercial, household and construction are driving the soda ash market size.

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Around 50% of soda ash is used for manufacturing glass around the globe, expanding market share. In addition, the rising adoption of soda ash to develop rechargeable batteries in the electric industry emerges as a market opportunity. Moreover, the growing awareness, investment, and government initiatives support uplifting market opportunities.

Other end-use industries, including food, pharmaceuticals and cosmetic industries, are prominently growing their market share during the forecast period. Increasing consumer demand for dyes and reducing pollution to improve the environment boosts market share. In addition, the adoption of soda ash to extract and smelting metals, aluminum products, and mobile devices are advancing market size.

On the flip side, the demand for soda ash in water treatment, eliminating corrosion and use for making baking powder in the food sector propels market size. In addition, the rising demand for soda ash for cleaning the floor, making dish soaps and other cleaning agents are a few more factors driving the market growth.

Increase in the Production of Natural Soda Drives the United States Market

The United States is a leading global market that is securing a CAGR of 2.3% with a valuation of US$ 2.6 billion during the foreseen period. In addition, the rising adoption of glass containers in the food industry is surging the United States market. As a result, the manufacturers are growing natural soda ash production with low operating costs in the United States.

The present market players and increasing demand for soda ash in the automation sector further bolstered market growth. As a result, the United States market secured a CAGR of 1.8% between 2017 and 2022.

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Key Takeaways:

  • The soda ash market is expected to have a valuation of US$ 2.6 billion by 2033.
  • With a CAGR of 4.0%, the global market increasing from 2022 to 2033.
  • The United States soda ash market is anticipated to record a CAGR of 2.3% throughout 2033.
  • With a CAGR of 2.5%, the United Kingdom market significantly uplifts during the forecast period.
  • China market is expected to witness a CAGR of 5.6% over the forecast period.
  • India market is likely to capture a CAGR of 4.5% from 2023 to 2033.

Who is winning?

Several players are involved in the adoption of soda ash to produce innovative products with their skills. These players further focus on end-user requirements and invest huge amounts in research and development activities to expand market size.

Other Prominent Players:

  • Solvay SA
  • Ciner Group
  • Tata Chemicals Limited
  • CIECH SA
  • Genesis Energy LP
  • Nirma Limited
  • GHCL Limited
  • DCW Ltd.
  • ICI Pakistan Ltd.
  • Sahand Industrial Ltd.

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Soda Ash Market Segmentation

By Density:

  • Light
  • Dense

By End-use Industry:

  • Glass & Ceramics
  • Soaps & Detergents
  • Paper & Pulp
  • Metallurgy
  • Chemicals
  • Water Treatment
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • The Middle East & Africa (MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Nandini Singh Sawlani  

Future Market Insights Inc.
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T: +1-845-579-5705
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United States Countertop Industry Poised for Remarkable Growth with Anticipated 6.1% CAGR by 2033

Over the forecast period, the United States countertop industry is poised for substantial growth, with an anticipated Compound Annual Growth Rate (CAGR) of 6.1%. The sector’s total valuation is projected to surge from US$ 76,783.0 million in 2023 to an impressive US$ 138,218.8 million by 2033. This robust expansion reflects a rising demand for countertops across various applications, signaling a positive trend in the industry and underscoring the economic opportunities within the countertop market in the United States.

The granite-based material segment will dominate the United States countertop industry through 2033. It is expected to hold a volume share of 28.8% by 2023. This is due to the growing demand for granite countertops across the United States.

Sales of countertops in the United States are expected to rise due to rapid population growth, urbanization, and consumers’ increasing willingness to spend more on countertops. Similarly, increasing government initiatives for a robust United States housing sector spur demand for durable, stylish countertops.

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Countertops are witnessing higher demand from diverse sectors, and the trend is expected to continue through 2033. They are used for multiple purposes in different settings. For instance, kitchens use them for food preparation and cooking purposes.

Consumers in the United States are increasingly inclined to invest in countertops, propelling a surge in demand for premium materials like granite, quartz, and quartzite. This shift underscores a broader trend where individuals prioritize quality and durability in their living spaces.

A desire for aesthetic space and long-term value drives the willingness to spend more on countertops. Consumers recognize that higher-priced materials not only enhance the visual appeal of kitchens and bathrooms but also contribute to the overall resale value of their homes.

Key Takeaways from the Report

  • The United States countertop business is projected to reach a valuation of US$ 138,218.8 million in 2033.
  • By material type, the granite segment is expected to total US$ 39,027.4 million by 2033.
  • By end use, the new construction residential segment is set to hold a share of 32.4% in 2023.
  • California is expected to account for a significant share of around 13.7% in 2033.
  • New York is set to register a CAGR of 7.0% between 2023 and 2033.

“The United States countertop business is set for robust growth, driven by rising demand in the construction sector, expanding industrial activities, and a growing focus on high-quality countertops across applications.” says an Analyst at Future Market Insights, Inc.

Competitive Landscape

In the United States countertop business, around 8% to 12% share is carried by the top key players. DuPont (Corian), LX Hausys, MSI Surfaces, Wilsonart, VT Industries, Cambriaa, IceStone, Tops Solid Surface, and Lamitech are the leading manufacturers and suppliers of countertops listed in the report.

Key players are focusing on expanding domestic production to meet growing end user demand. They are also investing in developing new products and further innovating existing ones to meet end-user demand.

Recent Developments:

  • In March 2023, Cambria announced its popular Finance by Cambria program in Ontario.

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More Insights into the United States Countertop Industry

In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the United States countertop business, providing historical data from 2018 to 2022 and forecast statistics for 2023 to 2033.

To understand the United States growth potential, growth, and scope, the target business is segmented based on material type (granite, solid surfaces, laminates, engineered quartz, marbles, natural stone, composites and polymers, metals), end use (new construction residential, renovation residential, new construction non-residential, renovation non-residential), and region (West United States, Midwest United States, Northeast United States, South United States).

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Kingdom of Saudi Arabia’s Marble and Granite Industry Poised for a US$ 5.66 Billion Valuation by 2033

The Kingdom of Saudi Arabia’s marble and granite industry showcased robust growth in 2022, reaching a substantial size of US$ 1,073.7 million. Projections for the coming years indicate a promising trajectory, with an anticipated 16.5% Compound Annual Growth Rate (CAGR) in demand over the forecast period. The sales of marble and granite within the Kingdom are estimated to surge, reaching US$ 1,229.2 million in 2023 and an impressive US$ 5,662.2 million in 2033. This significant expansion underscores the escalating demand for marble and granite products in Saudi Arabia, reflecting a flourishing market poised for sustained growth.

Based on application, the flooring segment is expected to dominate the Kingdom of Saudi Arabia marble and granite business through 2033. It is projected to hold a volume share of 44.9% by 2023. This is due to growing usage of granite and marble for flooring applications.

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KSA’s construction sector is expanding at an impressive rate due to the construction of new buildings, highways, and several infrastructure projects. This is creating a higher demand for marble and granite, and the trend is expected to continue through 2033.

The need for housing is rising due to the growing population, further supporting KSA’s business expansion. The demand for structures and commercial spaces is also expanding due to the rising urbanization and industrialization, creating growth prospects for companies.

The rising demand for granite and marble directly relates to Saudi Arabia’s infrastructure development. The country is investing rigorously in large-scale projects, including bridges, road networks, airports, and residential and commercial projects. This is expected to bolster sales of marble & granite.

Marble and granite offer durability and aesthetic adaptability and are integral to forming the Kingdom’s changing architectural landscape. Famous instances include the King Khalid International Airport extension in Riyadh and the Riyadh Metro project, which uses large amounts of marble and granite, demonstrating the materials’ superior quality.

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Key Takeaways from the Report

  • The Kingdom of Saudi Arabia marble and granite business is projected to thrive at 16.5% CAGR through 2033.
  • By product type, the granite segment is expected to total US$ 3,761.9 million in 2033.
  • By application, the flooring segment is set to hold a significant share of 44.8% in 2023.
  • West KSA is expected to account for a significant share of about 42.4% in 2023.
  • Revenue in Northwest KSA is anticipated to total US$ 2,574.1 million in 2033.

“The KSA marble and granite business is set to expand rapidly through 2033, driven by substantial investments in large-scale projects and expanding infrastructure. Saudi Arabia’s commitment to sophisticated urban development positions the marble and granite industry as a vital player in shaping the nation’s architectural landscape,” Says an analyst at Future Market Insights, Inc.

Who is Winning?

Leading players listed in the report include SMG Company, Marmotech, Al Takadom, Awtad Al-Riyadh, and  Products Holding Company (CPC). These key players are forming partnerships and alliances with construction companies to provide marble and granite.

Key Companies Profiled:

  • SMG Company
  • Marmotech
  • Al Takadom
  • Awtad Al-Riyadh
  • Constructions Products Holding Company (CPC)
  • Al Ajial Factory Co. Ltd
  • Baaghil Factory
  • Dar Al Rokham LLC
  • Bin Harkil Co. Ltd,

Recent developments:

  • In September 2023, GLAZE Granite & Marble introduced KOZO to revolutionize architectural surfaces.

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KSA Marble and Granite Industry Segmentation by Category

By Product Type:

  • Marble
  • Granite

By Application:

  • Flooring
  • Countertops
  • Cladding
  • Others

By End User:

  • Government
  • Others

By Region:

  • North
  • West
  • Centre
  • Northwest

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Forecasting the Emergency Light Sticks Market to Reach US$ 218.9 Million with 5.3% CAGR by 2033

The emergency light sticks market size is projected to be worth US$ 131 million in 2023. The market is likely to surpass US$ 218.9 million by 2033 at a CAGR of 5.3% during the forecast period.

Future Market Insights (FMI) mentions that the global demand for emergency light sticks is anticipated to showcase a CAGR of 5.3% in the estimated time frame. In the historical period between 2018 and 2022, the market witnessed a decent CAGR of 6.7%.

The emergency light stick industry is a segment of the broader emergency lighting industry that focuses on portable and reliable light sources commonly used in emergencies and low-light conditions.

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Emergency glow sticks, also known as glow sticks or chemiluminescent sticks, are chemical-powered standalone devices that emit light through a chemical reaction.

These glow sticks consist of a plastic tube containing two separate compartments, one filled with a chemical solution and the other containing fluorescent dye. When the rod is bent or broken, the two compartments mix, initiating a chemical reaction. This reaction produces light without generating heat or requiring an external power source, such as electricity or a battery.

Emergency glow sticks have gained popularity due to their ease of use, portability, and versatility in several situations, including:

Outdoor activities: They are commonly used by outdoor enthusiasts, campers, hikers, and backpackers for their portable, lightweight lighting needs during nighttime activities.

Search and rescue operations: Search and rescue teams often use emergency glow sticks to illuminate during nighttime operations and to mark locations or lanes.

Event management and crowd control: Glow sticks are sometimes used at events, concerts, and festivals for crowd control or as a security measure.

The emergency light stick market is very diverse in terms of product categories with different sizes, colors, and luminous durations, meeting the varying needs of users.

Manufacturers constantly strive to improve the quality, performance, and safety features of their products, often investing in research and development to innovate and stay competitive in the marketplace.

As consumers become more aware of safety and prepare for emergencies, demand for emergency glow sticks is expected to continue to surge. This is fuelling advances in technology and alternatives with an environment-friendly position.

Companies in this market typically focus on product diversification, brand recognition, distribution networks, and meeting safety standards to establish a strong presence in the market. This helps them satisfy demand for a growing number of reliable and practical assistive lighting solutions.

Key Takeaways from the Report:

The emergency light sticks market in the United States is expected to reach US$ 37.8 million by 2033, growing at a CAGR of 5.2%.

The emergency light sticks market in China is expected to reach a market share of US$ 42 million, expanding at a CAGR of 5.2% by 2033.

The industrial end-use segment is expected to continue dominating the emergency light sticks industry with a CAGR of 5.0% from 2023 to 2033.

The market is likely to surpass US$ 218.9 million by 2033 at a CAGR of 5.3% during the forecast period.

“Due to the increasing number of natural disasters, the light sticks are progressively used in areas prone to earthquakes, hurricanes, floods, and other extreme weather conditions. These can aid navigate and find a way in the dark, and provide a cause of light in these circumstances. Furthermore, the measures taken by the governments of numerous countries to endorse the use of energy-saving lighting solutions are generating a positive stance for the market.” – Says Nikhil Kaitwade, Associate Vice President at Future Market Insights, Inc.

Competitive Landscape:

The key players in the market have well-established distribution networks, allowing them to reach customers in several regions of the world.

Some companies often form partnerships with government agencies, disaster relief organizations, and other safety-focused organizations to promote the use of emergency glow sticks as part of their emergency preparedness and disaster management initiatives.

For instance,

In September 2022, MineGlow launched an interoperable emergency lighting system, known as ’em-Control’.

In October 2022, Knightscope, , a developer of independent security robots, announced that it has entered into a conclusive agreement to purchase CASE Emergency Systems in October.

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Top Key Players in the Market

Ameriglo
Atlantic Light
Coghlan’s Ltd.
Cyalume Technologies, Inc.
Dorcy International

Emergency Light Sticks Market Segmentation:

By Type:

Battery-operated
Chemiluminescent

By Distribution Channel:

Distributor
Direct Sales

By End-Use:

Industrial
Commercial
Recreational

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Electrifying Surge Forecasts US$ 31.5 Billion Valuation for Transmission Sales Market by 2033

According to a report by Future Market Insights (FMI), the Transmission Sales Market increased at a CAGR of 8.0% from 2018 to 2022. The gearbox sales market is anticipated to grow at a compound annual growth rate (CAGR) of 6.9% globally over the course of the projected decade.By 2033, the global gearbox sales market is projected to grow from US$ 16.2 billion. The gearbox market is predicted to grow at a 6.9% compound annual growth rate (CAGR) between 2023 and 2033.

Through transfer sales, it is possible to effectively treat gas for control and safety systems, maintain proper pressure levels, recover and recompress treated gas, pressurise and accumulate treated gas in pipelines, and avoid contaminating treated gas.

Gas pressurization and storage in pipelines are achieved by efficiently processing gas, maintaining correct pressure levels, and recovering and recompressing processed gas for control and safety systems.

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Transmission Sales equipment is also used to avoid process gas contamination when processing biogas derived from water or municipal waste.

There are two types of compressors on the Transmission Sales Market: dynamic and positive displacement. These compressors are mainly used to meet compressed air requirements.

They are used in several end-use industries such as power generation, oil and gas, wastewater and water management. Chemical and petrochemical, automotive, food and beverage, mining, metals, and construction sectors also extensively use transmissions.

Transmission markets are an important part of the power supply chain and play a key role in ensuring efficient and reliable power supply over long distances.

The key aspects and components of the Transmission Sales Market are:

  • Technology and Innovation: Technological advances are having a key impact on the Transmission Sales Market. Smart grid technology, data analytics, and monitoring systems are increasingly being integrated into the power grid to optimize performance and improve grid efficiency.
  • Energy policy and regulation: Government policies and regulations play an important role in shaping the market. Energy policies often set guidelines for grid expansion, renewable energy integration, and cross-border energy exchanges.
  • Renewable Energy Grid Integration: As the use of renewable energy sources such as wind and solar increases, the power transmission market faces the challenge of effectively integrating intermittent power generation into the grid.
  • Connectivity across borders: Cross-border transmission projects enable power exchange between neighboring countries, promote energy security, and facilitate the integration of various energy resources.
  • Network stability and security: As the grid becomes more connected and digitized, ensuring grid stability and cybersecurity to protect against potential threats and disruptions becomes critical.

Key Takeaways from the Transmission Sales Industry Research Study:

  • Japan’s Transmission Sales Market is projected to reach a valuation of around US$ 6.1 Billion by 2033.
  • The United States Transmission Sales Market is poised to exhibit a CAGR of 6.8% during the assessment period.
  • Transmission Sales demand in China is anticipated to rise at a steady CAGR of 6.8% during the forecast period from 2023 to 2033.
  • Based on type, the reciprocating segment is projected to surge with a CAGR of 6.5% in 2033.
  • The oil and gas segment is expected to register a CAGR of 6.4% from 2023 to 2033.

Competitive Landscape and Top Companies Market Share:

Leading manufacturers in the Transmission Sales industry are constantly launching a new range of products to meet rising consumer demand. They are likewise using approaches such as mergers & acquisitions, collaborations, distribution agreements, partnerships, and advertisements to expand their reach and gain a competitive edge in the market.

For instance,

  • In January 2020, Siemens acquired around 99% equity share of C&S Electric at a whopping € 267 million.
  • In June 2020, Caterpillar Inc. declared the acquisition of Marble Robot, Inc., a robotics expert.

Key Companies Profiled:

  1. Ariel Corporation
  2. Atlas Copco
  3. Bauer Kompressoren
  4. Caterpillar, Inc.
  5. Cummins
  6. Others

More Insights Available

Future Market Insights (FMI), in its new offering, presents an unbiased analysis of the Transmission Sales industry presenting historical data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.

The study reveals segments segmented in terms of type (reciprocating, rotary, centrifugal, axial flow) and end-use (oil & gas, power generation, water & wastewater management, others) from 2023 to 2033.

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Transmission Sales Market Segmentation:

Type:

  • Reciprocating
  • Rotary
  • Centrifugal
  • Axial Flow

End-Use:

  • Oil & Gas
  • Power Generation
  • Water & Wastewater Management
  • Others

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
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Propelling Forward with the Asia Pacific Hydraulic Hose Assemblies Resurgence| Future Market Insights,Inc.

According to Future Market Insights (FMI), the value of the Asia Pacific hydraulic hose assemblies market is anticipated to reach US$ 3,275.7 million in 2023. From 2023 to 2033, sales of hydraulic hose assemblies are expected to increase in Asia Pacific at a 6.5% CAGR. By the end of 2033, it is expected that the market would have a total value of US$6,137.5 million.

The target market is expected to continue to have a high demand for hydraulic hoses. This is a result of hydraulic hoses being used more frequently in a variety of industries. The hydraulic hoses segment is anticipated to have a market share of 96.6% in 2033, according to the most recent data.

Rising demand for hydraulic hose assemblies from numerous sectors including construction, automotive, oil & gas, etc. is driving the Asia Pacific market forward.

Hydraulic hose assemblies have become crucial components in hydraulic systems. By allowing the transfer of pressurized fluid from one component to another, hydraulic hose assemblies transmit fluid power within hydraulic machinery.

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Growing usage of hydraulic hose assemblies across the thriving automotive sector is expected to boost the target market in Asia Pacific.

Hydraulic hose assemblies are being used in several applications ranging from manufacturing processes to equipment used to repair vehicles in the automotive sector.

The rapid growth of Asia Pacific’s economy has raised demand for industrial devices and equipment. This in turn is bolstering sales of hydraulic hose assemblies as they find application in industrial machinery and processes.

Increasing infrastructure projects across countries such as China, Japan, and India is another prominent factor expected to uplift hydraulic hose assembly demand in Asia Pacific market. This is because hydraulic hoses are needed for many purposes including lubrication, cooling, and pressure regulation, during construction projects.

Manufacturers are concentrating on developing flexible, lightweight, and durable hydraulic hoses to meet end user requirements. This will further boost the target market during the projection period.

Key Takeaways of Asia Pacific Hydraulic Hose Assemblies Market Study:

  • The Asia Pacific hydraulic hose assemblies industry is projected to reach US$ 6,137.5 million in 2033.
  • By material type, rubber segment is anticipated to account for more than 52.3%of the Asia Pacific market.
  • By end users, automotive segment is estimated to hold about 24.5%market share in 2023.
  • China By 2033, China hydraulic hose assemblies industry is predicted to cross a valuation of US$ 1,971.4 million,
  • Demand for hydraulic hose assemblies in Japan is expected to rise at 5.6% CAGRthrough 2033.

“Rapid economic growth and industrialization are fueling demand for hydraulic hose assemblies. Key companies in the Asia Pacific market are focusing on upgrading their portfolios to gain profits. Key players in the market place a strong emphasis on building new products to meet the growing needs of the automotive & construction sectors”. – says a lead Future Market Insights (FMI) analyst

Who is Winning?

Significant competition is faced by domestic and international players in the market owing to rising number of start-ups in this market. The tier 1 players hold around 20% to 25% share of the Asia Pacific market.

Manufacturers of hydraulic hose assemblies are employing various strategies to increase their sales and strengthen their presence across Asia Pacific. These strategies comprise new product launches, mergers, acquisitions, partnerships, and investments in research & development.

Bridgestone Corporation, Parker Hannifin Corp, Continental AG, Eaton Corporation Plc, and Gates Corporation are a few of the market’s leading participants.

Recent developments:

  • In March 2021, British company Kiowa Ltd., a leading supplier of fluid industrial solutionswas acquired by Alfagomma.

Find More Valuable Insights

The research report analyzes the market demand trends of Asia Pacific hydraulic hose assemblies. The Asia Pacific market estimation and growth projection are based on factors like end-use industries development, COVID-19 crisis impact, replacement ratio, and adoption rate of hydraulic hose assemblies.

As per Future Market Insights (FMI) research scope, the hydraulic hose assemblies market has been studied and segmented on the basis of product type, material type, end users, & pressure ratings. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, the supply side and demand side.

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Asia Pacific Hydraulic Hose Assemblies Market Segmentation

By Product Type:

  • Hydraulic Hoses
    • Spiral Wire Hydraulic Hoses
    • Braided Hydraulic Hoses
    • Others
  • Hydraulic Hose Assemblies
    • Fittings
    • Adapters
    • O-Rings and Seals
    • Clamps
    • Protective Sleeves
    • Others

By Material Type:

  • Hydraulic Hoses
    • Rubber
    • Thermoplastic
    • Metal
    • Others
  • Hydraulic Hose Assemblies

By End User:

  • Construction
  • Agriculture
  • Mining
  • Material Handling
  • Oil & Gas
  • Automotive
  • Others (Marine, Aerospace, etc.)

By Pressure Ratings:

  • Low-Pressure (Up to 300 psi)
  • Medium Pressure (300 to 3,000 psi)
  • High Pressure (3,000 to 10,000 psi)
  • Ultra High Pressure (> 10,000 psi)

By Country:

  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Vietnam
  • Indonesia
  • Malaysia
  • Rest of Asia Pacific

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Programmatic Display Market Soars at 34.2% CAGR, Targets US$ 901.65 Billion

The programmatic display market is poised for remarkable growth, with an anticipated CAGR of 34.2%, culminating in a substantial revenue of US$ 901.65 billion. This surge can be attributed to the increasing adoption of programmatic advertising, a data-driven and automated approach to buying and placing digital ads. The market’s robust expansion is driven by factors such as the efficiency and precision offered by programmatic display, enabling advertisers to target specific audiences with personalized content.

As businesses increasingly recognize the value of data-driven advertising strategies, the programmatic display market is expected to witness sustained momentum, transforming the digital advertising landscape and unlocking new avenues for revenue generation.

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The increasing use of connected devices like TVs, smartphones, and tablets is one of the major factors boosting the market. As real-time analytics and AI are incorporated into digital marketing technologies, the utilization of these solutions is growing.  Market participants are taking several initiatives to promote market expansion.

For instance, Adobe announced the beginning of its worldwide “Experience Business” campaign in 2017. At the time, this campaign was the biggest cross-media ad campaign ever run on a programmatic platform.

Adobe Experience Cloud’s component Adobe Advertising Cloud was used to purchase all of the advertising for their “Experience Business” campaign programmatically. It is anticipated that the industry will greatly expand as a result of the participants’ good efforts.

Key Takeaways from the Programmatic Display Market Report:

  • The global programmatic display market is anticipated to have secured US$ 26.5 Billion in 2021
  • From 2017 to 2021, programmatic display market growth surged at a 34% value CAGR
  • By sales channel, automated guaranteed programmatic display distribution to register a 30% CAGR
  • Online video Ad format of programmatic displays to be most sought after, capturing a 55% revenue share in 2022
  • North America to be the fastest-growing programmable display market, registering a 35.5% CAGR through 2032
  • Europe to present significant investment opportunities, expected to capture 27% revenue in 2022
  • Asia Pacific to be a prominent growth hotspot, expected to surge at a CAGR of 34.8%

Leading Key Players:
Key players in the global programmatic display market include AppNexus Inc., AOL Inc. (Verizon Communications Inc.), Yahoo! Inc., DataXu Inc., Google Inc., Adobe Systems Incorporated, Rubicon Project Inc., Rocket Fuel Inc., MediaMath Inc., IPONWEB Holding Limited, Between Digital, Fluct, Adform, Beeswax, and Turn Inc.

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Recent Updates from the Industry:

  • In November 2021, MediaMath integrated its demand-side platform (DSP) with IBM Watson Advertising Weather Targeting to offer better digital advertising accuracy and effectiveness in directing new privacy standards.
  • In December 2020, FreeWheel announced the acquisition of BeesWax, a software-as-a-service SaaS advertising company. The initiative will enhance FreeWheel’s current programmatic marketplace capabilities across all forms of television and video advertising, including Set-top Box Video on Demand and Connected TV.

Programmatic Display Market Segmentation:

By Ad Format:

  • Online Display
  • Online Video
  • Mobile Display
  • Mobile Video

By Sales Channel:

  • Real-Time Bidding (RTB)
  • Private Marketplaces (PMP)
  • Automated Guaranteed (AG)

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan (APEJ)
  • Middle East & Africa (MEA)
  • Japan

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Revolutionizing Agriculture The Global Surge in Stock Tank Adoption for Livestock Welfare Amid Climate Challenges

A CAGR of 6.5% is predicted for the global stock tank market over the forecast period. The market is anticipated to increase from US$ 2.82 Billion in 2023 to US$ 5.30 Billion by 2033. Demand for stock tanks has been extremely high lately. Global warming has made summer more difficult for both people and animals. Farms are putting in a lot more stock tank pools to protect the livestock and beat the heat.

The market, valued at US$ 2.82 Billion in 2023, is anticipated to surge to US$ 5.30 Billion by 2033. This substantial growth is attributed to the heightened demand for stock tanks, driven by the challenges posed by global warming, especially during the summer season.

With rising temperatures affecting both humans and animals, the agricultural sector is witnessing increased adoption of stock tank pools by farms worldwide. These stock tank pools play a crucial role in safeguarding livestock and mitigating the impact of extreme heat.

The burgeoning demand for advanced livestock management equipment, fueled by the need for enhanced productivity, improved farm management, and reduced labor costs, is a key driver for the proliferation of stock tanks. Agricultural practices are evolving with a focus on implementing innovative equipment to enhance operational efficiency, including the utilization of breeding and milking equipment.

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Key Takeaways:

  1. The United Kingdom is poised to experience a CAGR of 7.0% in the stock tank market through 2033.
  2. The United States dominated the global market in 2022, holding a substantial 26.5% share.
  3. India is projected to exhibit rapid growth in the stock tank market with a CAGR of 7.6% by 2033.
  4. China’s stock market is expected to grow at a CAGR of 5.2% over the forecast period.
  5. Germany accounted for 17.5% of the global stock tank market in 2022.

One of the key reasons propelling the growth of the stock tank market is the rise in the consumption of dairy products throughout the world. The use of pioneering equipment in the agricultural sector to improve operational effectiveness is increasing. Besides, a rise in the use of breeding and milking equipment to increase total output also contribute to the market’s rapid expansion.

Over the forecast period, the market is expected to be driven by the rising demand from dairy farms for livestock farm equipment. In dairy farms, a variety of equipment is being extensively implemented, including automated feeders, stock tanks, and housing equipment.

Stock tank manufacturers even sell their products on their website to increase accessibility, Behlen stock tanks are available on Behlen’s website with a detailed description. Currently, the sale of stock tanks through e-commerce websites has significantly increased. E-commerce is expected to be crucial in facilitating easier access to inexpensive stock tanks.

The adoption of stock tanks has been influenced by an increase in the number of dairy farms in numerous North American and European nations. Stock tanks are now widely used because of benefits including decreased labor costs and improved dairy farm operating efficiency. Along with rising practical experience, awareness of the use of farming equipment has grown in recent years.

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Competitive Landscape:
The leading manufacturers in the stock tank market include Behlen Mfg. Co, Rubbermaid Commercial Products, Miller Manufacturing Company, Tarter Farm & Ranch Equipment, Ranger Gate Company, KDM Steel, Forbes Group, High Country Plastics, Hastings Equity Manufacturing, Hutchison Incorporated, among others. These industry players have implemented diverse strategies, encompassing organic and inorganic development, such as product launches, acquisitions, expansions, and partnerships, to fortify their global presence and augment their revenue.

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These businesses have employed a range of strategies to deepen their presence in the stock tank sector on a global scale. To grow its clientele and income, they have employed both organic and inorganic development strategies, including the introduction of new products, purchases, corporate expansions, and partnerships.

Stock Tank Market Segmentation

By Type:

  • Square
  • Round
  • Triangle
  • Others

By Application:

  • Household
  • Agriculture
  • Others

Recent Developments:

  1. In September 2022, Behlen Mfg. Co collaborated with RealmFive to introduce GuardianTM, a ground-breaking stock tank monitoring device designed to help livestock farmers manage water effectively.
  2. In January 2022, Miller Manufacturing Corporation revealed the merger of a new plant with the old Lakeland Tool and Engineering Inc. in Anoka, Minnesota.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

 Contact Us:

Nandini Singh Sawlani
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Photonic Sensors and Detectors Market Eyes 8.2% CAGR, Aims for US$ 83.5 Billion

The global photonic sensors & detectors market is expected to grow from US$ 38.0 Billion in 2022 to US$ 83.5 Billion by 2032, with overall sales rising at a healthy CAGR of 8.2% throughout the forecast period (2022-2032).

The rising penetration of the 4.0 industrial revolution and increasing application in healthcare, defense & security, factory automation, oil & gas, and consumer electronics are some of the key factors driving demand for photonic sensors & detectors in the market.

Several technologies or technology-enabled environments like fiber optics and many others are helping to drive the fourth industrial revolution. As more businesses continue their journey toward digitalization, photonics is playing a crucial role in every sector, improving performance and holding huge potential.

When it comes to sensors for robotics and automation as well as instruments for the production processes, lasers and optics play a crucial role. They help businesses to increase agility and productivity, improve customer experience, and reduce costs.

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Key Takeaways from the Photonic Sensors and Detectors Market Report:

  • By product type, the photonic detectors segment is expected to grow at the highest CAGR of around 4% between 2022 & 2032.
  • By application, the healthcare & medical segment is projected to grow at the fastest CAGR of around 1% during the forecast period.
  • North America held around 4% share of the global photonic sensors and detectors market in 2021.
  • The East Asia photonic sensors and detectors market is estimated to grow at a CAGR of around 6% over the forecast period.
  • The U.S. accounted for around 2% share of the North American photonic sensors & detectors market in 2021.
  • The overall photonic sensors & detectors market in South Korea is likely to expand at 2% CAGR during the forecast period.

Growing Demand for Fiber Optic Sensors to Generate Significant Revenues in the Market:
Fiber optic sensors are used to sense some quantities like pressure, temperature, displacements, vibrations, rotations, or concentration of chemical species. Fibers have many uses in remote sensing because at remote locations they require no electrical power and they are small in size.

They perform in sensitive situations such as noise, high temperatures, high vibration, and humid and unstable environments. The sensors are easy to integrate into small areas and can be placed accurately wherever flexible fibers are required. A device like an optical time-domain reflectometer is used to determine the time delay of fiber optic sensors. Due to such factors, the demand for fiber optic sensors is expected to increase in the global market during the forecast period.

Who is Winning?
Market players operating in photonic sensors and sensors market include Honeywell International Inc., Banner Engineering Corp, Mitsubishi Electric Corporation, Baumer Holding AG, BaySpec, Inc., Fiberoptic Systems, Inc., St. Jude Medical, Inc., Omron Corporation, LAP Laser, LLC, FISO Technologies Inc., Ibsen Photonics A/S, Prime Photonics, Smart Fibres Ltd, Hamamatsu Photonics, and Fujifilm Holdings Corporation, among others.

These leading players are concentrating on introducing new and advanced photonic sensors and detectors to expand their customer base and gain a competitive edge in the market. Besides this, they are adopting strategies such as partnerships, collaborations, acquisitions, mergers, and strengthening of distribution channels to expand their global footprint.

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More Valuable Insights on Photonic Sensors and Detectors Market (segment-wise):
Future Market Insight’s report on the Photonic Sensors and Detectors industry research is segmented into three major sections – by product type (photonic sensors (fiber optic sensors, biophotonic sensors, image sensors and others), photonic detectors (photodiodes, phototransistors, single-photon counting modules and others)), by application (healthcare & medical, defense & security, industrial & factory automation, oil & gas, environmental research & development, consumer electronics, and others), and by region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the photonic sensors and detectors demand outlook.

Photonic Sensors & Detectors Market Segmentation:

By Product:

  • Photonic Sensors
    • Fiber Optic Sensors
    • Biophotonic Sensors
    • Image Sensors
    • Others
  • Photonic Detectors
    • Photodiodes
    • Phototransistors
    • Single-Photon Counting Modules
    • Others

By Application:

  • Healthcare & Medical
  • Defense & Security
  • Industrial & Factory Automation
  • Chemicals & Petrochemicals
  • Oil & Gas
  • Environmental Research & Development
  • Consumer Electronics
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • The Middle East and Africa (MEA)

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube