Data Business in Oil & Gas Market is Projected to Expand at a CAGR of 16.5% from 2022 to 2032 | Report by FMI

The global data business in the oil & gas market is projected to rise at a CAGR of 16.5% throughout the forecast period, rising from a valuation of US$ 31.6 Billion in 2022 to US$ 145.9 Billion by 2032. Operational efficiency and performance improvement increased popularity of real-time analysis and predictive analytics solutions, and increased awareness among end-users are all major growth factors for the data business in the oil & gas industry.

The recent data business in oil & gas market trends indicates that the necessity for big data analytics in oil and gas operations rose as a result of the COVID-19 outbreak since it allowed engineers and researchers to study data remotely.

Furthermore, data recording sensors have recently become a recent introduction to the industry for various features such as discovery, drilling, production, refining, and transportation, where big data has become an essential part of data analysis, which is expected to be a driving factor for the demand for data business in oil & gas.

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Big data also allows for better asset management, operations, manufacturing, and worker safety. However, big data analytics continues to confront hurdles owing to a lack of corporate backing and awareness of the technology; data and a grasp of the problem’s complexity is a key stumbling block to the growth of the data business in the oil & gas market share.

The precision and efficiency of big data have led to its acceptance in the oil and gas industry. It helps the oil and gas industry improve the performance of drilling and production activities. It improves the company’s efficiency and keeps track of the oil extraction activities in real-time. It is offered in software, hardware, and cloud service platforms to deliver the best data collection service to oil and gas organizations.

Furthermore, advances in data gathering allow for the incorporation of machine learning and artificial intelligence (AI) technologies that aid safeguard data by allowing for secure data storage and collection. It aids industries in increasing productivity and increasing annual revenues, hence increasing global demand for data business in oil & gas.

As per the data business in oil & gas market study, manufacturers all over the world are producing big high-quality data in oil and gas services that reduce data inconsistencies, resulting in data business in oil & gas market growth. As a result, these variables may contribute to the rise of big data in the oil and gas business.

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However, a lack of public understanding of the numerous benefits of big data in oil and gas solutions is expected to stymie the data business in oil & gas market size expansion. The oil and gas industry’s increasing output and drilling performance is a major data business in oil & gas market driver.

Other factors driving market expansion include the need to improve decision-making and operational and business performance, as well as volatile oil prices and growing competition in the oil and gas industry.

Key Takeaways

  • The US data business in oil & gas market size is projected to reach a valuation of US$ 40.9 Bn by the end of 2032.
  • The data business in oil & gas market is divided into three segments depending on the application: upstream, midstream, and downstream. Upstream leads the market because of the numerous services and maintenance operations that require data analysis in the various natural gas and oil-producing enterprises.
  • The data management component segment is expected to rise at a CAGR of 16.8% through the forecast period.
  • Due to widespread use on a bigger scale in the oil and gas industry to generate and access data, which is subsequently utilized as information to make decisions in refineries and natural gas businesses, software services hold the largest portion of the data business in oil & gas market and dominate it.

Competitive Landscape

Accenture, Cisco, Dell EMC, Hewlett-Packard Enterprise, IBM, Microsoft, Oracle, SAP, SAS, Teradata, Hitachi Vantara, Drillinginfo, Northwest Analytics, Hortonworks, and MapR Technologies are some of the prominent players in the data business in oil & gas market.

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Key Segments

By Component:

  • Big Data
  • Data Management
  • Direct Data Monetization

By Oil Companies:

  • National Oil Companies
  • Independent Oil Companies
  • National Data Repository

By Application:

  • Upstream
  • Midstream
  • Downstream

By E&P Lifecycle:

  • Exploration
  • Development
  • Production

By Region:

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

About Us

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Crowdsourced Security Market to Achieve a High CAGR Of 7.8% from 2022 to 2032 | Future Market Insights, Inc.

The global crowdsourced security platform market is expected to garner USD 106 Million in 2021 and USD 115 Million in 2022. The market is projected to secure USD 243 Million in 2032 while recording a CAGR of 7.8% during the forecast period. Increasing security demands with digital transformation in enterprises are expected to play a significant role in driving the market in the forecast period.

Also, the increasing demand to modernize conventional security methodologies is another salient factor propelling the industry in the coming time. From the national security perspective, crowdsourcing has been the focus. . For instance, U.S Defense Advanced Research Projects Agency (DARPA) integrated crowdsourcing in some of its principal spheres.

Such initiatives are expected to drive the market in the forecast period. Crowdsourced security programs are gaining traction across various spheres since several organizations adopt crowdsourced security programs to audit the security of their application.

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On the contrary, challenges associated with confidential insecurities are expected to hamper the market in the coming time.  Increasing cases of cyber-attack and data security are projected to hinder the market expansion. Also, lack of extent restrains negatively impacts the market.

Key Takeaways from the Market Study 

  • The global crowdsourced security market to value USD 106 Million in 2021
  • The global crowdsourced security market to exhibit a 7.8% CAGR in the forecast period
  • The mobile application segment to garner 7.7% in the forecast period
  • The Large Enterprise segment to exhibit 7.6% CAGR in the assessment period.
  • The estimated U.S market size is USD 84.6 Million, recording a 7.6% growth rate in the forecast period.
  • China market is anticipated at USD 17.3 Million while expanding at a 7.1% CAGR in the coming time.

Competitive Landscape

Key players in the global Value of crowdsourced security market include Applause, Cobalt Labs Inc, Bugcrowd Inc, Detectify, and HackerOne.

  • In January 2019, Bugcrowd disclosed its partnership with Skyscanner. Skyscanner is a global travel search company. It rolled out its bug bounty program for the public through Bugcrowd’s Crowdsourced Security Platform.
  • In March 2019, Detectify developed its business in Boston to take over the US crowdsourced security market. The growth is likely to help Detectify to augment the organization’s operations with a renowned tech and startup opportunity in the region.
  • In August 2019, HackerOne disclosed its strategic partnership with AT&T. According to the partnership, AT&T would use the platform for its newly launched bug bounty program that will help in incorporating its public-facing online environment, like, AT&T-owned websites, APIs, devices, and reports to identify potential vulnerabilities.

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More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global blockchain AI market presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

Key Segments

By Type:

  • Crowdsourced Web Application Security
  • Crowdsourced Mobile Application Security
  • Other Types of Crowdsourced Security

By Deployment Type:

  • Cloud-based Crowdsourced Security
  • On-Premise Crowdsourced Security

By Organization Size:

  • Crowdsourced Security for SMEs
  • Crowdsourced Security for Large Enterprises

By Vertical:

  • Crowdsourced Security for Telecom & IT
  • Crowdsourced Security for BFSI
  • Crowdsourced Security for Healthcare
  • Crowdsourced Security for Travel & Hospitality
  • Crowdsourced Security for Retail
  • Crowdsourced Security for Media & Entertainment
  • Crowdsourced Security for Other Verticals

By Region:

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

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About Us

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Global Water Clarifiers Market is anticipated to exhibit a CAGR of 5.4% by 2032 | Future Market Insights, Inc.

The global water clarifiers market is expected to grow at a 5.4% CAGR during the forecast period, with a revenue of US$ 6,980.2 Million in 2022 and a revenue of US$ 11,854.3 Million by 2032.

Water clarifiers are expected to see increased demand due to their high structural strength, high volume-to-area ratio, ease of sludge removal, and ability to maintain heat level. Water clarifier installation costs, on the other hand, are expected to limit market growth.

Clarifiers are sedimentation-based settling tanks that remove suspended solids from water. This is done to improve the quality of the water in order to meet the needs of various water uses. Water clarifiers are mechanical water treatment tanks that discharge concentrated impurities from the tank’s bottom. Scum is the layer of debris or foam on the water’s surface, and scum is the layer of debris or foam on the water’s surface.

A chemical-injection package introduces various chemicals into water to improve the water treatment process. These chemicals, such as ferric sulphate and polyelectrolytes, are essentially coagulation and flocculation reagents; these partials join with the preexisting particle to form denser particles known as flocs.

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Furthermore, because high-density flocs settle faster and are more stable in nature, clarifiers can easily and efficiently separate solid particles.

Because of its low operating and maintenance costs and high output, this arrangement is used for various liquid-solid separations in industries such as paper and pulp, food and beverage, oil and gas, and chemical and fertiliser. Clarifiers are commonly used in municipal wastewater treatment to reduce suspended solids and BOD levels. (Biological Oxygen Demand).

There are several benefits of halogenated water treatment chemicals. They enhance the efficiency of skim tanks, hydro cyclones, filters, centrifuges, etc. Halogenated water treatment chemicals have various types of applications, such as in water processing, corrosion inhibition, irrigation water, oxygen scavenging, drinking water, antifoaming, and scale inhibition, among others.

Water Clarifiers Market: Dynamics 

The primary factor responsible for driving the global water clarifiers market is strict regulations pertaining to conservation of water and water quality. Other than this increasingly stringent regulations, particularly in the areas of water reuse and wastage will also affect the global water clarifiers market positively. Also, declining freshwater resources have compelled the management for the use of water treatment arrangement, which will also boost the market for water clarifiers.

However, the high cost of clarifiers and availability of alternative such as chemicals are expected to restrain the market growth of water clarifiers. Municipal and industrial regulations, rapid industrialization and use of fresh water in various activities are factors impacting the global water clarifiers market directly.

Municipal and industrial regulations also promote awareness programs for consumers to minimize water wastage. Fresh water can be used in various industrial applications (e.g., in pulp & paper manufacturing, metal & mining, power, semiconductors, oil & gas, and textiles) and domestic applications (e.g., washing, cooking, etc.).

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Water Clarifiers Market: Regional Outlook 

North America holds a comparatively high market share, being a profitable market for water clarifiers. North America is followed by Europe. However, Asia Pacific is expected to have high growth over the forecast period owing to the growing demand for pure and fresh water.

Rest of the world market is estimated to account for a relatively small share of the water clarifiers. Also, depletion of freshwater resources across the globe can act as an opportunity for the global water clarifiers market.

Water Clarifiers Market: Key Participants 

Examples of some of the key market participants operating across the value chain of the global water clarifiers market are:

  • SUEZ Group
  • Pentair plc
  • Veolia Water Technologies
  • Evoqua Water Technologies LLC
  • Aquatech International Corporation
  • Murugappa Group
  • Hydro International
  • Monroe Environmental Corp.
  • Envirodyne Systems Inc.
  • WesTech Engineering, Inc.
  • Parkson Corporation

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.

The report covers exhaust analysis on

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

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Key Segments Profiled In The Water Clarifiers Market Survey

By Design:

  • Circular Water Clarifiers
  • Rectangular Water Clarifiers

By Material Type:

  • Carbon Steel
  • Stainless Steel
  • Fibre-Reinforced Plastic

By Application:

  • Pre-Treatment
  • Portable Water Treatment
  • Waste Water Treatment
  • Mining

By End User:

  • Municipal
  • Industrial
  • Paper & Pulp Industry
  • Food & Beverage Industry
  • Oil & Gas Industry
  • Iron & Steel
  • Chemical & Fertilizer
  • Mining & Mineral
  • Power Industry

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

About Us

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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Swivel Couplers Market is Expected to Reach US$ 556.3 Million from 2022 to 2032: Analysis of Key Trends, Drivers & Challenges

As of 2022, the swivel couplers market is worth US$ 331.4 million. The market is estimated to grow at a CAGR of 5.3%, reaching a value of US$ 556.3 million by 2032.The European swivel couplers market now has a 29% share and is predicted to be one of the leading markets over the forecast period.

The swivel couplers are used in this region for heavy duty applications, with large bolts and flange nuts. Additionally, owing to increasing constructional activities, the swivel couplers are used to couple the pipes together. Europe is a place, which is famous for buildings as well. For this purpose, the swivel couplers are used for holding transoms and handrails in position. This is expected to increase the demand for swivel couplers.

Swivel coupler sales are expected to be driven by an increase in construction activity, an expansion of the fabrication industry market, among other factors. The use of these couplers is anticipated to increase for a number of reasons, including the use of advanced production technologies in their manufacture.

Metals and alloys are used to create swivel couplers, which connect the pipes to form a truss structure. To prevent leaks, these are widely used in pipe fittings. As a result, swivel couplers are an essential component of plumbing accessories.

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These valves are essential for increasing the structure’s ability to support more weight. Couplers aid in the development of a sturdy structure. The market for swivel couplers has historically experienced a CAGR of 4.2 percent. Swivel couplers are becoming more and more important, and the CAGR for the forecast period is expected to be 5.3%.

The majority of businesses around the world have suffered over the past few months. This can be attributed to significant disruptions in their specific assembly and storage network operations caused by various prudent lockdowns and other limitations upheld by administrative experts around the world.

The global market for swivel couplers is comparable. Customer demand has also decreased as a result because people are now more eager to borrow money for small expenses from their individual financial plans because the overall financial situation of most people has been severely impacted by this flare-up.

Here are some key takeaways regarding the swivel couplers market:

  • Swivel couplers are widely used in construction and industrial applications to connect two scaffold tubes at any angle.
  • The market for swivel couplers is expected to grow due to increasing construction and industrial activities worldwide.
  • The demand for swivel couplers is also driven by the need for safe and secure scaffolding structures that meet safety regulations.
  • The market is highly competitive with numerous players offering swivel couplers of various sizes and types.
  • The Asia-Pacific region is expected to dominate the swivel couplers market in terms of demand, owing to rapid infrastructure development in countries such as China and India.
  • Key players in the swivel couplers market include APL Apollo, Tianjin Wellmade Scaffold Co. Ltd., Safway Group Holding LLC, and Rapid Scaffolding (Engineering) Co. Ltd.
  • Swivel couplers made of high-grade steel or aluminum are expected to witness higher demand due to their durability and strength.
  • The COVID-19 pandemic has impacted the global swivel couplers market, with disruptions in the supply chain and construction activities leading to a decline in demand. However, the market is expected to recover in the coming years as construction activities resume.

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Over the gauge course of events, the aforementioned factors are predicted to disrupt the revenue direction of the global market for swivel couplers. However, as personal care professionals lift these supported lockdowns, the global Swivel Couplers market is anticipated to recover as well.

Competitive Landscape

The major players are now focusing heavily on quality control while also looking for ways to further enhance the production process. The businesses are doing this by recording every step in real time, from gathering the raw materials to turning them into the finished goods. Customers will be able to learn more about the procedure being used as a result.

Some of the key players are: 

  • Supertek Scafform
  • XSF Xtreme Structures & Fabrication
  • Musson Theatrical, Inc.
  • Scaffco
  • ScaffoldMart
  • Thiel United BV.
  • Prajapati Tubes Pvt. Ltd.
  • Theatrixx Technologies, Inc.
  • HAKI AB
  • Doughty Engineering Ltd.

In order to increase their respective consumer bases, a number of major market participants in the global Swivel Couplers Market sector are now concentrating more on forming successful joint ventures, acquisitions, and/or collaborations. By being able to serve their given target bases both domestically and abroad, they stand to increase them.

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Key Segments Profiled In The Swivel Couplers Market Survey

By Product Type:

  • Pressed Swivel Couplers
  • Forged Swivel Couplers
  • Others

By Load Capacity:

  • upto 1100 lbs
  • 1100-2300 lbs
  • above 2300 lbs

By End Use:

  • Construction industry
  • Manufacturing & Fabrication industry
  • Water Works
  • Others

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

About Us

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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Surge Tanks Market Poised for Robust Growth with Impressive 4.2% CAGR by 2032: Assessment of Key Drivers, Restraints and Future Outlook

The surge tanks market is expected to increase at a CAGR of 4.2% between 2022 and 2032. Surge tank market share is expected to grow during this forecast period, from its current valuation of US$ 1.9 billion in 2022 to a net worth of US$ 2.9 billion by 2032.

A surge tank is a vessel or storage tank constructed of stainless steel or epoxy coated carbon steel. A surge tank is a type of reservoir used to control the flow of liquid in high-pressure situations. Surge tanks are commonly used in hydropower projects where water pressure must be maintained to ensure proper turbine operation and to reduce the hammering effect produced by changes in water flow.

They are also utilised in oil and gas industries, chemical plants, and water treatment plants. Surge tanks are built to handle a wide range of pressure and volume, and they can easily neutralise the effect to prevent system failures and blowouts. Surge tanks are utilised in two-phase separation operations in the chemical industry where extended retention time is necessary for optimal separation.

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Surge Tanks Market: Dynamics

The surge tanks market is being driven by increasing demand from power & energy applications, especially due to new hydro power plants coming up in developed as well as developing regions. Along with this, rising investments in water infrastructure development across the globe will also support the growth of the surge tanks market.

Moreover, recovery of oil & gas industry coupled with pipeline expansion projects in the U.S., Brazil and Mexico and GCC countries will, in turn, help drive the surge tanks market. Apart from this, the high repair and maintenance cost of regular and coated surge tanks will also affect market growth.

Surge Tanks Market: Regional Outlook

The Global surge tank market is dominated by the Asia Pacific region. In APAC, the prompt growth of end-use industries, such as oil & gas, chemicals and power & energy industry — where surge tanks are frequently used — will help drive the market over the forecast period. Moreover, high investments for developing water infrastructure and setting up new hydro power plants in developing countries, such as China and India, will in turn boost the demand for surge tanks over the forecast period.

The APAC surge tank market is expected to register healthy CAGR over the forecast period. North America and Europe are the major markets for surge tanks. In North America, the U.S. is expected to dominate the market owing to increasing investments in water infrastructure and significant growth of oil & gas industry owing to shale gas exploration. The North America surge tanks market is expected to register significant growth over the forecast period.

In Europe, EU-5 countries are expected to hold a significant share of the market over the forecast period. Moreover, recovery of oil & gas industry coupled with increasing infrastructural developments in GCC countries, Brazil and Mexico will help boost the demand for surge tanks over the forecast period. Moreover, Latin America and Middle East & Africa surge tanks market is expected to grow steadily over the forecast period.

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Surge Tanks Market: Market Participants

Examples of some of the market participants in the global Surge Tanks market identified across the value chain include:

  • NM Group Global LLC (NMGG)
  • TransTech Fabrication, LLC
  • Alpha Tanks Limited
  • FAB-TECH Works & Constructions Pvt. Ltd.
  • Squibb Tank Company, Inc
  • Wheeler Tank Manufacturing, Inc.
  • RothLochston
  • Wiltsie Construction Co., Inc.
  • Young Engineering & Manufacturing Inc.
  • Steelways, Inc.
  • Oilwell ME
  • AA Tanks Co

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.

The report covers exhaust analysis on

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

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Key Segments in the Surge Tanks Market

By Type:

  • Simple Surge Tanks
  • Gallery type Surge Tanks
  • Inclined Surge Tanks
  • Inclined Surge Tanks

By Capacity:

  • Below 1000 gallon
  • 1000-8000
  • Above 8000 gallon

By Construction Material:

  • Stainless steel
  • Coated Carbon Steel
  • Others

By Pressure Capacity:

  • Below 350 psi
  • 350 – 500 psi
  • Above 500 psi

By Application:

  • Hydropower Electricity
  • Industrial Use
  • Water transportation & Distribution Network
  • Oil & Gas
  • Others

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

About Us

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.   
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200 Continental Drive, 
Suite 401, Newark, 
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Spray Dryer Market is Expected to Grow at a CAGR of 4.4% by 2032 | Says Future Market Insights, Inc.

Spray dryer sales are expected to grow at a CAGR of 4.4% globally during the forecast period. The market revenue is expected to reach US$ 4,984.6 million in 2022 and grow to US$ 7,643.3 million by 2032.

The material to be dried is atomized into tiny particles in spray dryers, where it is then dried by coming into contact with the heating medium. The dried product is then obtained in the form of dry granular powder. Atomization, contact with the heating medium, and product collection are the three basic steps in the operation of a spray dryer.

Spray dryers are utilised in industries like food and pharmaceuticals where drying heat-sensitive materials and maintaining a material’s functional and nutritional value are top priorities. Spray dryers are used for a variety of industrial products, including milk powder, cereals, antibiotics, vitamins, paint pigments, catalyst support, ceramics, etc. As a result, the food and beverage, pharmaceutical, and chemical industries have seen significant demand for spray dryers.

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Global Spray Dryer Market: Dynamics

Increasing demand from the food and pharmaceutical industry is the major driving factor for the growth of spray dryers market. Spray dryers also help in increasing the shelf life of products, which helps in easy transportation of products and minimizing the damage caused during the drying of products, which in turn, is resulting in an increase in demand for spray dryers.

Furthermore, technological advancements in spray dryers that increase their drying efficiency and minimize energy consumption will create opportunities for growth in the spray dryer market. Apart from this, in some cases, drying of food products with the help of spray dryers has resulted in some changes in food products’ organoleptic properties, such as taste, smell, etc.

This particular factor may hamper the growth of the spray dryer market owing to changing preference for alternative dryers for the same. Also, high maintenance and operation costs are yet another major factors expected to limit the selection of spray dryers in various industrial applications.

Global Spray Dryer Market Segmentation

On the basis of type, the global Spray Dryer market is segmented into:

  • Atomizer
    • Rotary
    • Nozzle
  • Fluidized
  • Centrifugal

On the basis of mode of operation, the global Spray Dryer market is segmented into:

  • Batch
  • Continuous

On the basis of Operating Principal, the global Spray Dryer market is segmented into:

  • Direct drying
  • Indirect Drying

On the basis of Type of flow, the global Spray Dryer market is segmented into:

  • Co-Current
  • Counter current
  • Mixed Flow

Based on Applications, the global Spray Dryer market is segmented into:

  • Food & Beverage
  • Pharmaceutical
  • Chemical
  • Others

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Global Spray Dryer Market: Regional Outlook

Significant growth of the food and pharmaceuticals industry in the Asia Pacific (APAC) region wherein spray dryers are frequently used will help in boosting the demand for spray dryers. Also, rising investments in the food sector and increasing demand for processed food products in APAC region will also lead to increased demand for spray dryers over the forecast period.

Moreover, rising investments in the food & pharmaceutical industry as well as new upcoming projects in countries, such as India and China, will help in driving the spray dryer market. Furthermore, growing demand from the chemical industry is major factor that is expected to drive growth in the spray dryer market in APAC region.

Thus, the spray dryer market in APAC region is expected to register healthy growth over the forecast period. North America and Europe are the other major markets for spray dryers owing to increasing demand from the food industry for energy efficient equipment coupled with standard manufacturing norms regarding food processing.

In Europe and North America, the spray dryers market is expected to register substantial growth over the forecast period. Moreover, Latin America and Middle East & Africa spray dryers market are expected to register slow growth over the forecast period.

Global Spray Dryer Market: Key player

Examples of some of the market participants identified across the value chain of the global Spray Dryer market include GEA Group AG, European Spraydry Technologies Llp, Dedert Corporation, SPX Flow Technology Denmark A/S, C.E. Rogers Company, Changzhou Lemar Drying Engineering Co. Ltd., Buchi Labortechnik AG, Shandong Shungeng Drying Equipment Co., Ltd., Acmefil Engineering Systems Pvt. Ltd. and New AVM Systech Pvt. Ltd., among others.

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.

The report covers exhaust analysis on

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

Regional analysis includes

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

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The 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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Pin Marking Machine Market is Projected to Surpass US$ 987 Million by 2032: Assessment of Key Drivers, Restraints and Future Outlook

The pin marking machine market is expected to be worth US$ 618 million in 2022. The market for pin marking machines is expected to grow gradually, reaching US$ 987 million by 2032 at a CAGR of 4.8% through 2032.

Pin marking machines are pieces of equipment that employ the direct pin marking technique to permanently mark product parts with information such as part number, serial number, barcodes, batch number, and date codes, allowing the part to be tracked throughout the product’s life cycle. The pin marking machine stamps or engraves a short number of spaced dots to designate the brief of the product for the permanent term, enabling 100% dependable part traceability.

The pin marking machine works by permanently imprinting information on product parts to provide unique identification. Pin marking on various metal and plastic parts achieves rapid and high-performance dots that are visible throughout the product life cycle and make it easier to recognise the relevant information about the embossed part, giving pin marking machines market as a potential growth factor.

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Pin marking machine are driven by the automotive industry owing to its robust use in embossing serial number and batch number on parts of the vehicle. Moreover, use pin marking machines over automotive parts helps during the theft of the vehicle, as the embossed writing cannot be changed or tampered and thus adds to another potential factor to the growth of global pin marking machine.

The pin marking machine market is expected to experience significant growth in the coming years. Here are some key takeaways:

  • Market growth: The pin marking machine market is expected to reach US$ 987 million by 2032.
  • Increasing demand: The increasing demand for pin marking machines across various industries, such as automotive, aerospace, and electronics, is a major driver of market growth.
  • Versatility: Pin marking machines offer versatility and flexibility in marking various types of materials, including metal, plastic, and wood, which is driving their adoption across industries.
  • Cost-effectiveness: Pin marking machines are relatively cost-effective compared to other marking technologies, such as laser marking, which is further driving their adoption.
  • Integration with automation: The integration of pin marking machines with automation systems is a major trend in the market, as it enables high-speed and accurate marking.
  • Competition: The pin marking machine market is highly competitive, with several key players operating in the market. Some of the major players include SIC Marking, Gravotech Marking, Telesis Technologies, and Technomark.

The application of pin marking machine in electronic is another driving factor to the growth of market owing to its extensive use in chips installed in laptops and mobile phone to mark the unique identification for each chip and gives brief information about the manufacturing series.

The air pressure in pneumatic pin marking machine allows deeper and smoother looks at a much faster speed which are required for airplane parts as well agriculture machinery as the metal get corrosive during its life cycle which later can be identified easily.

The machine can be used on various metals such as iron, brass, copper, as well as plastic are some factors that support the growth of the pin marking machine market. The application of pin making is also observed in logistic industries and construction equipment that gives the product permanent identity.  The growth of laser marking in automotive and manufacturing industries possesses major threat to the pin marking machine market.

Global Pin Marking Machine Market: Region Wise Outlook

The global pin marking machine market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and the Middle East and Africa (MEA).

North America is estimated to hold a significant high share in the global pin marking machine market. The significant share is accredited by the United States Department of Defense that has regulated the use of the visible mark on tangible items in aggregation with the unique item identification.

Followed by North America is Western Europe to hold a significant share in the global pin marking machine market owing to the presence of car manufacturing units which has an extensive application of pin marking machine. Developed regions of global pin marking machines such as North America and Western Europe are anticipated to grow at healthy CAGR during the forecast period.

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APEJ is expected to grow at a relatively high CAGR during the global pin marking machine forecast period. Rapid industrialization and increase in manufacturing units of automotive industry are estimated to drive the growth of APEJ region.

Global Pin Marking Machine Market: Prominent Players

Few of the prominent players in the Pin Marking Machine market are as follows

  • Kwik Mark Inc.
  • Mecco Partners LLC
  • Gravotech Group
  • SIC Marking, Inc.
  • Telesis Technologies, Inc.
  • Gravotech Engineering PVT Ltd
  • Edward Pryor & Son Ltd
  • Ostling Marking Systems (SEA) Pte. Ltd.
  • Pannier Corporation
  • Nichol Industries Pty Ltd.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

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Key segments

By Pin Marking System:

  • Single pin marking
  • Dual pin marking
  • Multiple pin marking

By System:

  • Handheld system
  • Bench-top system
  • Integration system
  • Combo system

By Technology:

  • Pneumatic
  • Electromagnetic

By End-Use:

  • Automotive
  • Electronics
  • Aerospace
  • Oil & gas
  • Agriculture machinery

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

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Safety Instrumentation Systems Market to Surpass a Valuation of US$ 6947.3 Million during Forecast 2022 to 2032 | Get Customized Reports

The safety instrumentation systems market is expected to be valued US$ 6947.3 million by 2032, up from US$ 4123.3 million in 2022, with a 5.4% CAGR.

Because engineering is becoming more multidisciplinary, there is a greater demand for safety instrumentation systems. Engineers and technicians working on engineering projects are increasingly expected to understand the consequences of using and designing safety instrumentation systems.

Safety instrumentation systems play an important role in providing a protective layer of functionality in a wide range of industrial processes and automation systems. It simplifies danger detection, safety requirement definition, and system and operation maintenance across the life of the plant.

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When safe operating conditions are breached or safety limits are exceeded, the safety instrumentation systems are used to return the process to a safe state, which is important for preserving the environment and local residents.

As a result, the safety instrumentation systems market is expected to increase significantly throughout the forecast period.

The safety instrumentation systems market is predicted to be significantly reliant on the growth of the petrochemical and energy industries, which will drive the global growth of the safety instrumentation systems market.

The Safety Instrumentation Systems (SIS) market is a growing market, with several key takeaways:

  • Increasing demand for safety systems: There is a growing demand for safety systems due to increasing concerns about industrial safety and the need to prevent accidents. The increasing focus on workplace safety and the need to comply with regulations is driving the growth of the SIS market.
  • Oil and gas industry: The oil and gas industry is one of the largest end-users of SIS, and this sector is expected to continue to dominate the market due to the high risk involved in their operations.
  • Emerging markets: Emerging markets such as Asia-Pacific and the Middle East are expected to see significant growth in the SIS market due to the increasing demand for energy and industrial growth in these regions.
  • Integration of SIS with other systems: The integration of SIS with other systems such as process control systems and emergency shutdown systems is becoming increasingly important as companies strive to improve overall plant safety.
  • Technological advancements: The development of new technologies such as wireless sensor networks and advanced analytics is driving the growth of the SIS market, as companies look for more effective and efficient ways to monitor and control their operations.
  • Key players: The SIS market is highly competitive, with key players including Emerson Electric Co., Honeywell International Inc., Siemens AG, ABB Ltd., and Yokogawa Electric Corporation. These companies are investing heavily in research and development to stay ahead of the competition and meet the changing needs of their customers.

Furthermore, machine safety demands are continuing to rise, and the major drivers in the safety instrumentation systems are stringent mandates for safety regulations, high demand for safety instrumentation systems in the oil & gas, energy & power, and food & beverages industries, and the rising need for reliable safety instrumentation systems for machine protects.

Furthermore, the rise of the global automotive manufacturing industry is expected to be one of the major drivers of the safety instrumentation systems market. The federal government.

The North American market is expected to have significant growth in the coming years. Currently, the North American regions are cumulatively holding 24.0% of the total share of the safety instrumentation systems market. Owing to growing awareness regarding safety and the emergence of new technologies are leading to high demand for safety instrumentation systems in this region. Rapid industrialization and adopted safety in power generation firms are bolstering the market size of safety instrumentation systems in North America.

Competitive Landscape

Some of the leading players operating in the safety instrumentation systems market include Emerson Process Management (the U.S.), Rockwell Automation (the U.S.), Johnson Controls, Inc. (the U.S.), General Electric Company (the U.S.), Yokogawa Electric Corporation (Japan), OMRON Corporation (Japan), ABB Ltd. (Switzerland), and Tyco International Plc (Switzerland).

The key players are continuously getting indulged in collaborations and other research and development activities to positively innovate the safety instrumentation systems to reduce the risk not to the unrealistic ideal of zero, but to a low level that can be bearable or can be solved later.

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Key Segments in the Safety Instrumentation Systems Market

By Type:

  • Safety Switches
  • Safety Sensors
  • Emergency Stop Devices
  • Programmable Safety Devices

By Product Type:

  • Emergency Shutdown System (ESD)
  • Safety Interlock System
  • Safety Shutdown System (SSD)
  • Fire and Gas Monitoring and control
  • Burner Management System (BMS)
  • Turbo Machinery and Control (TMC)

By Application:

  • Chemical
  • Oil and Gas
  • Pharmaceutical
  • Paper and Pulp
  • Metal and Mining
  • Wastewater Treatment
  • Food and Beverages
  • Power Generation

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

About Us

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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Fire Hydrant System Market is Expected to Grow at a CAGR of 3.2% from 2022 to 2032, Says FMI

From 2022 to 2032, the global fire hydrant system market is estimated to develop at a modest 3.2% CAGR. The target market is expected to grow from US$ 1,344.2 million in 2022 to US$ 1,846.3 million by 2032. The rising service demand from the industrial and commercial sectors is driving this development.

Furthermore, governments throughout the world are imposing stringent fire safety laws, which will contribute to higher sales for the fire hydrant system market during this observation period. The rising usage of smart nodes or wireless sensors has a significant impact on the market for fire hydrant systems.

Historically, the fire hydrant system market grew at a CAGR of 3.0% from 2016 to 2021, with predicted figures for 2022 and 2032 indicating that the market would continue to expand steadily. The introduction of cutting-edge technology into these systems bodes well for the market as a whole. The increasing integration of smart nodes and wireless sensors into fire hydrant systems creates new market opportunities. Furthermore, the current trend of using less water but more effectively has a beneficial impact on the market since it stimulates producers to focus on product development and the introduction of new items. These factors are expected to drive growth in the fire hydrant system market in the approaching years.

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Wireless sensors, or smart nodes, in fire hydrants, are leading to better and more efficient results. Smart nodes enable fire hydrants to take lightning-quick actions while being easier and less expensive to maintain. This factor strengthens prospects for the market. Many enterprises and organizations are also installing fire hydrant systems as fire safety measures which further aids the expansion of the fire hydrant system market. The market also benefits from increasing start-up activities that are taking place all over the world. The Startup India initiative in India has led to a surge in the number of startups in the country. These startups will undoubtedly add fire safety measures, thereby driving the fire hydrant system market.

It is estimated that the fire hydrant system market will witness standard growth but it will also face certain challenges. The expense of installation and maintenance as well as the need for testing and certifications will limit the growth of the fire hydrant system market in the upcoming years.

Key Takeaways:

  • Asia Pacific is unfolding as an opportunistic pocket for the fire hydrant system market owing to the rising number of factories and their need for fire safety measures.
  • In 2022, North America held about 24% of the global market share and will continue to present robust growth over the assessment period due to the growth of the market in countries like Canada, the US, and Mexico.
  • By product type, the wet barrel segment is expected to register a high growth rate for the forecast period.
  • Based on end-users, the commercial sector will witness higher sales due to a surge in commercial construction.

Competitive Landscape 

Tyco Fire Products, Mueller Water Products, K.B. Building Solutions, Naffco, Kennedy Valve, Akash Uni Safe Equipment, and Rapidrop, among others, are a few of the significant participants in the fire hydrant system market profiled in the full version of the report.

In a competitive environment, eminent market players are concentrating on adopting advanced technology to produce novel and innovative products. These enterprises also engage in mergers and acquisitions to enhance their market footprints. In recent developments, Mueller Water Products acquired i2O Water, a provider of pressure management solutions, in June 2021 to help the company accelerate its software offerings.

More Insights Into Fire Hydrant System Market 

FMI offers the latest, unbiased, and detailed analysis of the global fire hydrant system market, providing historical data from 2016 to 2021 and forecast statistics for 2022 to 2032. For a better understanding of the global market potential, growth, and scope, the market is segmented on the basis of product type, end-users, operation, and region.

FMI estimates that the segment, the commercial segment will generate greater demand for the fire hydrant system market as end-users. This is due to rising commercial constructions and growing awareness of asset protection. In terms of product type, the wet barrel segment will grow at a rapid rate during the projection period. Based on region, the fire hydrant system market in North America will present impressive growth. In 2022, the target market in this region accounted for 24% of the global market revenue. The extensive availability of corrosion-free hydrants, quick water storage for fire safety, and high demand for booster pumps that provide additional water to fire hydrants facilitate the growth of the fire hydrant system market in North America. In brief, increasing demand from the commercial sector, strict regulations regarding fire safety, and contributions of North America would drive the global growth of the fire hydrant system market.

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Key Segments Profiled in the Fire Hydrant Systems Industry Survey

Fire Hydrant Systems Market by Product Type:

  • Wet Barrel Fire Hydrant Systems
  • Dry Barrel Fire Hydrant Systems

Fire Hydrant Systems Market by Operation:

  • Diesel-operated Fire Hydrant Systems
  • Electric-operated Fire Hydrant Systems
  • Hybrid-operated Fire Hydrant Systems (Diesel/Electric)

Fire Hydrant Systems Market by End Users:

  • Fire Hydrant Systems for Industrial Use
  • Fire Hydrant Systems for Commercial Use

Fire Hydrant Systems Market by Region:

  • North America Fire Hydrant Systems Market
  • Latin America Fire Hydrant Systems Market
  • Europe Fire Hydrant Systems Market
  • Asia Pacific Fire Hydrant Systems Market
  • Middle East and Africa Fire Hydrant Systems Market

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Rainscreen Cladding Market is Expected to Reach a High Valuation of US$ 267.32 Billion during Forecast 2022 to 2032, Get Insights FMI

The global rainscreen cladding market is expected to reach a market valuation of US$ 135.89 Billion by the year 2022, accelerating with a moderate CAGR of 7% by 2022 to 2032. Rainscreen cladding market size is anticipated to be valued at about US$ 267.32 Billion by 2032 end.

The demand for rainscreen cladding structures is projected to be fueled by the increased need for the aesthetic appeal of new and refurbished buildings as well as protection against fire, precipitation, and air. The rainscreen cladding market is projected to increase because to the growing need for improved moisture management and energy-efficient building solutions.

Additionally, rainscreen cladding aids in reducing thermal movement through the wall and hot and cold air flow, preventing overheating in the summer and assisting in the maintenance of a warm and constant interior temperature in the winter. This is driving the demand for rainscreen cladding.

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The rainscreen cladding market is anticipated to be driven by rising consumer demand for products with better moisture control capabilities and energy efficiency. In addition, both established and developing countries are seeing an increase in the development of non-residential structures like offices and institutions as well as a change in the trend toward safeguarding outside walls. The COVID-19 crisis-induced economic downturn has resulted in poor investor confidence and a fall in industrial operations, which has hindered the rainscreen cladding industry’s ability to grow.

The demand for rainscreen cladding is increasing as a result of changing consumer trends toward the protection of outside walls in residential, commercial, and non-residential structures, including workplaces and institutions.

The inability of rainscreen cladding solutions to handle air pressure gradients is a significant flaw in their design. The surface of a cladding wall would be exposed to strong wind forces if the exterior of the wall is not airtight. Airflow and moisture are confined to wall cavity chambers, which is generated between these furring strips, and are the principal drawbacks of a normal end-use industry for rainscreen cladding. The air does not cross between the compartments. This is restraining the rainscreen cladding market growth.

Key Takeaways from Market Study

  • In 2021, the terracotta raw material market held the largest rainscreen cladding market share, accounting for more than 35.5 percent of worldwide revenue.
  • In 2021, the rainscreen cladding market was headed by the official construction industry, which brought in 33 percent of the total income.
  • In 2021, the market was headed by the Europe region, which generated more than 30.5 percent of worldwide revenue.
  • Due to an increase in the construction of new power plants, social infrastructure, commercial projects, and shale gas exploration activities, the demand for rainscreen cladding in North America is anticipated to increase significantly during the forecast period.

Competitive Landscape

The rainscreen cladding market is quite competitive because there are so many regional and international companies. The obstacles for the market’s incumbent players are changes in the pricing of raw materials and the strategy of new competitors. The keys to surviving in a competitive climate are ongoing R&D and cutting-edge process practises.

In order to maintain competitiveness and bring down the price of rainscreen cladding overall, major competitors in the rainscreen cladding market are concentrating on mergers, acquisitions, and joint ventures. Players provide structural planning and installation services to meet consumer demand for cutting-edge rainscreen cladding solutions for structures.

Recent Developments in Rainscreen Cladding Market

  • In response to demand from architects and specifiers looking for distinctive façade systems, Proteus Facades, a renowned supplier of high-quality rainscreen cladding systems, announced its debut into the U.S. rainscreen cladding market in April 2021. This next expansion for the business, which has a history of providing rainscreen cladding for some of the most well-known construction projects in the UK, was motivated by significant investment in its production capabilities and demand for unusual façade designs.
  • For up to US$ 87.77 million in December 2021, Brickability Group acquired Taylor Maxwell Group, one of the UK’s top suppliers of wood and façade solutions to the building industry. By bringing timber and cladding to the Group through the acquisition of Taylor Maxwell, Brickability will be able to provide a wider choice of products, and its competitive advantage in certain markets will allow for possible organic growth in the future.

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Rainscreen Cladding Market by Segmentation

By Raw Material:

  • Fiber Cement
  • Composite Material
  • Metal
  • High-pressure Laminates
  • Terracotta
  • Ceramic
  • Others

By Application:

  • Residential
  • Commercial
  • Official
  • Institutional
  • Industrial

By Region:

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

About Us

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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