Market Research Blog – Page 9082 – New Product Development

Wearable Band Market: Overview With Geographical Segmentation & Revenue With Forecast 2023 to 2023

In terms of revenue, the Wearable Band market is expected to reach US$ 42.09 Bn in 2023 and US$ 170.31 Bn by 2033, growing at a 15.0% CAGR from 2023 to 2033.

The wearable band is becoming more popular as a versatile device that helps people track their daily activities. It takes into account the distance walked or ran, as well as calorie intake, heart rate, and sleep quality. These bands are wirelessly connected to cellphones, tablets, laptops, and desktop computers for long-term data storage.

Since the rate of urbanization accelerates, the necessity for visually pleasing and technologically advanced products also increases that can meet customers’ basic needs. Wearable fitness technology is gaining popularity as awareness of the value of leading a healthy lifestyle and the increased need for health monitoring devices grow.

Health and fitness mindfulness is growing, especially among young individuals and the working-age populace, who are the bull’s eye for wearable bands. The growing e-commerce sector as a compact distribution network further heightens the market growth.

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An increasing number of vendors offering low-cost wearable bands at easy-to-get prices for individuals of all economic positions is opening up first-hand business openings. Businesses possibly will provide very cutting-edge functionality to their gadgets by using IoT, AI, wireless networking, and AR technologies.

The global wearable device market is dominated by North America. This region is regarded as a global hub for technological innovation. The introduction of new gadgets has raised the desire for cutting-edge, multi-functional equipment. Most of the global players have a presence in the region and operate from here.

KEY TAKEAWAYS

North America accounts for more than 40% of the global wearable band market, which is predicted to grow at a 15.5% CAGR during the forecast period.

The United States dominates the North American wearable market, which is expected to rise at an 8.92% CAGR during the projected period.

The European wearable band market is expected to grow at a CAGR of 5.36% during the projected period.

Over the projection period, the German wearable band market is expected to account for 31.1% of the European market.

The Chinese wearable band market is expected to contribute more than 14% of the global market share throughout the projected period.
Asia Pacific is expected to grow at the fastest rate in the global wearable band market, with a CAGR of 19.5%.

Bluetooth is the market’s greatest contributor in terms of connectivity, and it is predicted to grow at a CAGR of 17.1% throughout the forecast period.

Depending on the operating system, the Android sector has the biggest market share and is expected to grow at a CAGR of 16.6% over the forecast period.

The online distribution channel leads the market and is expected to grow at a CAGR of 16.5% over the projected period.

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COMPETITIVE LANDSCAPE

Key players operating in the wearable band market are Apple, Samsung, Xiaomi, Fitbit, Inc., Garmin Ltd., Beienda, Ambiotex GmbH, Hexoskin, Huawei Technologies, Nurvv, Oura Health Ltd. and others.

These companies have used a variety of techniques to improve their market share for wearable bands. To extend their client base and increase revenue, they have used both organic and inorganic growth strategies, such as new product releases, acquisitions, corporate expansions, and collaborations.

RECENT DEVELOPMENTS

In April 2021, Fitbit released Fitbit Luxe, a health and fashion-forward fitness tracker. This tracker will assist in the development of a more holistic approach to well-being and health. This tracker offers a stylish appearance, a five-day battery life, a color touchscreen, and a wide range of appealing accessories.

In September 2021, In India, Apple Inc. launched seven next-generation touchscreen smartwatches under its six brands for tech-savvy millennials. Fossil Gen 4 Smartwatch Venture HR and Explorist HR for Fossil, Skagen Falster 2 for Skagen, Michael Kors Access Runway for Michael Kors, Emporio Armani Connected for Emporio Armani, A|X Armani Exchange Connected for Armani Exchange, and Diesel Full Guard for Diesel are among the seven smartwatches.

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Key Segmentation of the Wearable Band Market

By Product Type:

With Screen
Without Screen

By Operating System:

Android
Windows
iOS
Others

By Category:

Basic Watches
Smart Watches

By Connectivity:

Bluetooth
Wi-Fi
Cellular
NFC
Others

By Application:

Personal Assistance
Wellness
Healthcare
Sports
Others

By Distribution Channel:

Online
Offline

By Region:

North America
Latin America
Europe
East Asia
South Asia & ASEAN
Oceania

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Data Monetization Platform Market Current and Future Demand, Analysis, Growth & Forecast 2022 to 2032

With a historical CAGR of 20%, the global data monetization platform market was valued at US$ 2005 Mn in 2021. As the purpose of data monetization platforms is to generate income from available data sources, the market is expected to grow from US$ 2410 Mn in 2022 to US$ 17,317 Mn by 2032, reflecting a CAGR of 21.8% over the projected period.

The fast emergence of big data and big data analytics is one of the most crucial innovations driving the studied market. Adoption of these solutions is growing among many stakeholders in several industries leading to market growth.

Numerous stakeholders are interested in data monetization platforms because they maximize data use, increase customer loyalty, reduce operational expenditures, enhance compliance, drive revenues, form partnerships, and improve consumer happiness and comprehension.

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The digitization insurgency has surfaced the way for data monetization platforms in the healthcare business, which benefits in the improvement of clinical services as well as the comprehension of financial benefits.

Organizations are focusing on providing specific services to improve the customer experience, and attaining operational performance at a lower cost and in less time is projected to increase the need for analytics solutions in the data monetization platform market.

North America dominates the market owing to increased penetration and usage of data monetization services, software, and platforms, as well as the presence of a large number of data suppliers in the region.

Key Takeaways

With a 13.8% CAGR, the United States is the market leader in North America for data monetization platforms. In 2021, the U.S. data monetization platform market had a 23.4% market share worldwide.
In 2021, Europe, which now has the second-largest market share, grabbed 20.7% of the global market. This market is anticipated to expand at a CAGR of 16.4% by 2032.
Over the projection period, the German data monetization platform market is expected to account for 17.8% of the European market.
The Chinese data monetization platform market is expected to contribute more than 19.2% of the global market share throughout the projected period.
Japan is expected to grow at the fastest rate with a CAGR of 21.9%.
Based on industry, the segment of finance is predicted to hold the biggest global market share. In 2021, this market held a 28.3% share of the global market, and it is now expanding at a CAGR of 14.1%.
Among all enterprise sizes, the very large enterprises segment has the largest market share and is predicted to develop at a CAGR of 8.9%. The category held a 26% market share globally in 2021.

Competitive Landscape

In the data monetization platform market, key players and innovative vendors include Accenture Plc, IBM Corporation, Infosys Limited, Microsoft Corporation, Google, Oracle Corporation, Salesforce, SAS, TIBCO, Qlik, Looker, ThoughtSpot, Adstra, Cisco Systems, Inc., Gemalto NV, Comviva, Monetize, Reltio, SAP SE and others.

These companies have used a variety of techniques to enhance their market share in data monetization platforms. To widen their client base and increase revenue, they have used both organic and inorganic growth techniques, such as new product launches, acquisitions, corporate expansions, and collaborations.

Recent Developments

In January 2022, Optiva, Inc. and Google Cloud established a multi-year strategic relationship. The collaboration attempted to help telecom operators and service providers obtain digital transformation.
In September 2019, IBM Corporation disclosed its intention to invest in the monetization of automotive data. This is likely to provide new prospects while at the same time retaining its foothold in cloud computing.

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Key Segments in the Data Monetization Platform Market

By Component:

Platform
Services

By Deployment Mode:

On-premise
Cloud

By Enterprise Size:

Small Offices
Small Enterprises
Medium-sized Enterprises
Large Enterprises
Very Large Enterprises

By Industry:

Services
Distribution Services
Public Sector
Finance
Manufacturing and Resources
Others

By Region:

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

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Cellular IoT Module Market Key Players, SWOT Analysis, Key Indicators & Forecast 2023 to 2033

According to Future Market Insights’, the cellular IoT modules market is worth US$ 16.88 Bn in 2023. A CAGR of 23.4% is anticipated in the market during the forecast period.

It is projected that the rising adoption of 5G technology drives further market expansion. Demand for cellular IoT modules is expected to rise as a result of the 5G technology’s increased data speeds, lower latency, and more coverage.

The growth of mHealth services and government initiatives to support IoT in healthcare are also expected to contribute to the cellular IoT module market expansion. The overall market share is being impacted by the expansion of healthcare facilities and the rising demand for healthcare services.

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A crucial component of cellular IoT security policy is cloud-based security, as insecure cloud infrastructure increases the risk of data theft and device piracy. For instance, a drone used for surveillance or delivery can process information like imaging data and navigational instructions on its own.

Applications of Cellular IoT Modules in Different Industries

Automotive Industry: The sales of cellular IoT modules in the automotive industry are expected to grow significantly during the forecast period due to the increased demand for connected automobiles. Since connected automobiles allow communication between vehicles and with the outside world, the automotive industry is projected to undergo substantial change as a result.

Telecom Industry: Currently, the telecom industry improves the cellular IoT modules market outlook. The market’s expansion is also aided by the industry’s rapid digitization and growing level of automation. Solutions for the Narrowband Internet of Things (NB-IoT) and Long-Term Evolution for Machines are being implemented by numerous medium-sized and large-scale businesses.

Key Takeaways

The cellular IoT module market is likely to register at a CAGR of 23.4% during the forecast period.
Historically, the cellular IoT module market registered at a CAGR of 17% between 2018 and 2022.
The value of the cellular IoT module market is expected to be US$ 20.83 Bn by 2033.
Based on components, the hardware segment is likely to register at a 26.5% CAGR in the cellular IoT module market.
North America shows a significant growth in the cellular IoT module market by 2033.
During the forecast period, the cellular IoT module market in China is likely to dominate.

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Competitive Landscape

The inclusion of cellular IoT modules in the product lines of telematics solution providers has made it easier for fleet managers and off-highway vehicle OEMs to gather and analyze data to identify significant patterns and issues in the field’s instrumentation usage.

Furthermore, it is projected that a number of elements, such as robust security, ubiquitous quality, and resilient networks, would energize the sector over the coming several years.

Recent Developments:

In order to fulfill the rising need from the industry for smart-grid communications between charging stations and automobiles, Qualcomm developed a new power line communication device in May 2022.
- In order to address the communication needs of electric vehicle (EV) charging stations, also known as electric vehicle supply equipment, Qualcomm Technologies, Inc. has developed the QCA7006AQ, a next-generation power line communication (PLC) device (EVSE).
The HL7845 Module was developed by Sierra Wireless in April 2021. The standard provides a 450 MHz wireless spectrum to meet the IoT connectivity requirements of European utility services.
In February 2021, Fibocom partnered with Red Tea, a leading provider of connection solutions, and Deutsche Telekom, the largest integrated telecoms company in the world, to ensure that it only provided best-in-class advertising nuSIM IoT components.

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Key segments

By Component:

Hardware
Software

By Cellular Technology:

3G
4G
5G
LTE-M
NB-Iot
Others

By End Use Industry:

Agriculture
Healthcare
Retail
Energy
Automotive & Transportation
Infrastructure
Others

By Region:

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

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Oil and Gas Fittings Market to Achieve A High CAGR Of 3.4% During Forecast Period -2029

Future Market Insights (FMI) has forecasted the global Oil and Gas Fittings Market to register year-on-year growth of 3.2% in 2022 reaching a value of about US$ 1,326.8 Mn by 2022 end.

A new market research report by Future Market Insights on the Oil and Gas Fittings Market includes global industry analysis 2014–2021 and opportunity assessment 2022–2029. The report investigates the oil and gas fittings market and provides critical insights for the forecast period of 2022-2029. As per the findings of the report, the global oil and gas fittings market is expected to experience moderate growth during the forecast period due to multiple factors such as new oil and gas drilling projects and new pipeline contracts across the globe.

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The global oil and gas fittings market is estimated to reach ~US$ 1.2 Bn in 2019, and increase at a CAGR of ~3% in the forecast period 2019-2029. This growth is majorly driven by the increasing consumption of oil and gas fittings in upstream and downstream operations.

East Asia Region Projected to Witness Bolstering Growth

North America is projected to hold significant market share in the global oil and gas fittings market value owing to new and replacement projects for the installation of oil and gas fittings that are targeted in this market study. However, the East Asia market is anticipated to project rewarding growth in the global oil and gas fittings market over the forecast period 2019-2029, with China being a leading country.

This is driven by the rapid growth of onshore drilling projects coupled with the rising number of oil and gas pipeline projects in China. Apart from that, Africa will pose a strong opportunity for the manufacturers of oil and gas fittings to acquire new contracts and ventures during the forecast period.

Additionally, macroeconomic factors such as crude oil and natural gas production and consumption, oil and gas production data by key countries, and increasing number of new oil and gas pipeline projects, and pipes, valves, and fittings (PVC) contracts are some of the other factors that are boosting the growth of oil and gas fittings market.

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Downstream Operations Will Drive the Demand for Oil and Gas Fittings

The global oil and gas fittings market has been segmented on the basis of product type, working pressure, material type, operation, application, and regions such as North America, Europe, Latin America, East Asia, South Asia, Oceania, and Middle East and Africa.

By product, tees and flanges are estimated to hold significant value shares of the global oil and gas fittings market.
On the basis of material, carbon steel and alloy steel are projected to have strong growth over the forecast period in terms of value. However, the use composite and fiberglass materials will positively influence the oil and gas fittings market with rapid growth.
In terms of operation, the deployment of oil and gas fittings in downstream operation will continue to account for significant sales. However, growing application in upstream operation is anticipated to result in increased market share during the forecast period. The growing number of projects related to new drilling wells in onshore operations will further drive the installation of new oil and gas fittings.

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Oil and Gas Fittings Market: Vendor Insights

The report indicates some of the prominent market players, who are recognized as leaders in the global oil and gas fittings market. Some of the key players in the global oil and gas fittings market are Anvil International, AVK UK Ltd, JVS Engineers, The Weir Group PLC, Hy-Lok CO., LTD, B.O.P Products LLC., FitTech Industries Pvt. Ltd., Gelbach UK Ltd, Grupo Cuñado, KINGSA Industries, Probe Oil Tools, PSL Pipe & Fittings Co., Yingkon Haitai Metal and Pipe Fittings Co., Ltd., and Woodco USA, among others.

The global oil and gas fittings market is considerably consolidated with very few players holding prominent shares of the market as this market is highly fragmented and competitive. These players are offering oil and gas fittings to distributors and suppliers in various regions. Currently, online sales platform has emerged to be a supportive factor for the growing number of sales of oil and gas fittings.

About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Petroleum Liquid Feedstock Market Size & Share | Industry Trends Analysis Report for 2027

The global petroleum liquid feedstock market over the course of next few years. The global revenue through consumption of petroleum liquid feedstock will reportedly reach around US$ 270 billion in 2019, demonstrating an estimated yearly revenue growth of 3.6% over that attained in 2018.

A steady upsurge in the demand for petroleum liquid feedstock is expected in coming years owing to a positive expansion outlook reflected by the global petrochemicals industry.

Growing Feedstock Applications in Chemicals & Automotive Industries

Mounting consumption of motor fuels and other prominently sold end products such as aromatics, olefins, solvents, and gasoline is primarily driving the revenue of petroleum liquid feedstock at a global level. Applications in aromatics currently account for over 50% revenue share, whereas olefins are positioned by the report as an attractive segment in petroleum liquid feedstock landscape.

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With soaring uptake of aromatics by chemicals industry stakeholders, it is most likely that the demand for petroleum liquid feedstock, the key component used during the manufacturing of aromatics, will also witness a strong hike in the near future. Besides chemicals industry, the automotive industry has also been a creating significant revenue generation opportunities for manufacturers of petroleum liquid feedstock.

“With a dramatically expanding vehicular fleet and the subsequent demand growth in motor fuels and gasoline, it is most likely that the consumption of petroleum liquid feedstock would experience high growth over upcoming years,” states a senior market research analyst at FMI.

Key Manufacturers Enlarging Naphtha Production Capacities

Refinery processes tend to produce higher proportions of naphtha compared to that of gas oil, which enables the former to retain top ranking segment in the market on the basis of type of petroleum liquid feedstock.

Naphtha consumption currently accounts for a whopping 91% share in the global petroleum liquid feedstock market value; the report however projects that gas oil would gradually emerge as an attractive segment over the years.

A majority of industry giants have been concentrating on increasing their naphtha production capacities by strategizing on production plants expansion across multiple geographical markets. Manufacturers based in Middle Eastern countries have been observed to have augmented their naphtha production recently.

However, with growing availability of low-priced substitutes for petroleum liquid feedstock such as propane and ethane, the naphtha space has been witnessing an oversupply scenario.

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China Slated for Maximum Market Attractiveness in Coming Years

With more than 71% market value share held collectively, petroleum liquid feedstock market in China, Europe, and Asia Pacific (excluding Japan) are likely to demonstrate notable expansion over coming years. Considerable rise in the automotive production and sales across Europe, China, and other Asian economies remains a key driving force pushing the consumption of petroleum liquid feedstock across these regions.

China however is forecast to emerge as the most lucrative market for manufacturers of petroleum liquid feedstock, and the report estimates around 4% yearly growth in China’s market value, in 2019. Moreover, Asian market for petroleum liquid feedstock still continues to face consequences of a severe demand-supply gap that is likely to trigger increased export from Europe and present multiple business opportunities for leading manufacturing companies.

Preview Analysis Global Petroleum Liquid Feedstock Market: Growing Demand for Aromatics, Solvents, and Automotive Fuels to Create Significant Growth Opportunities: Global Industry Analysis (2013 – 2018) and Opportunity Assessment (2019 – 2027): https://www.futuremarketinsights.com/reports/petroleum-liquid-feedstock-market

Fragmented Market Landscape to Witness a Growing Focus on Capacity Expansion

In a fairly fragmented competitive landscape of the global petroleum liquid feedstock market, the Tier 1 players account a mere revenue share of 25-35%.

Prominent companies such as TOTAL S.A., BP p.l.c, Royal Dutch Shell plc, Exxon Mobil Corporation, China Petroleum & Chemical Corporation, and China National Petroleum Corporation continue to remain top performers.

The report indicates that a majority of Tier 1 players are currently focusing on petroleum liquid feedstock production expansion, in addition to the integration of the production of other end products with that of petroleum liquid feedstock.

Whereas, the Tier 2 companies, including Idemitsu Kosan Co. Ltd., Flint Hills Resources, and YPF, and other smaller local players collectively hold the lion’s share in the market in terms of revenue.

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Carbon Steel Tubing in Oil and Gas Lift Applications Market Will Reach a Value of US$ 7 Bn by 2028 at a CAGR of 3.9% | Report by FMI

The global carbon steel tubing in oil and gas lift applications market is estimated to be worth around US$ 5.57 Bn in 2022. With burgeoning demand for oil and gas across the world, the overall market is projected to grow at a steady CAGR of 3.9% between 2022 and 2028, surpassing a valuation of US$ 7 Bn by 2028.

In a recently published analysis, Future Market Insights (FMI) has studied various market dynamics including key drivers, trends, and growth scenario of the global carbon steel tubing market, with a focus on the key lift applications of carbon steel tubes in the Oil and Gas industry over the forecast period of 2018-2028. Market projections reveal revenue from the sales of carbon steel tubes for lift application in Oil and Gas industry to reach a valuation of US$ 7 Bn by the end of 2028, up from an estimated US$ 4,799.5 Bn by 2018 end, expanding at a moderate CAGR of 3.9% through 2028.

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FMI predicts that increasing drilling activities to compliment recovering crude oil prices will boost the sales of carbon steel tubing for a wide range of applications in Oil and Gas industry.

Increasing number of horizontal wells in U.S coupled with flourishing oil and gas production in Gulf Of Mexico, Alaska, and the other states, will further spur the growth of carbon steel tubing market through 2028. With 1.6% Year-on-Year growth over the period of 2015-2030, natural gas consumption is projected to increase, further driving the shale gas production resulting in growing demand for carbon steel pipes. This growth is projected to present potential opportunities to oil and gas companies looking to expand their onshore activities. Also, high cost and complexities associated with offshore activities would result in service providers switching to onshore activities.

Geographically, North America is projected to dominate the carbon steel tubing landscape considering ongoing developments in hydraulic fracturing market for the production of shale gas.

Increased Oil and Gas Upstream Operations to Boost Carbon Steel Tubing in Lift Applications

FMI envisages increasing number of horizontal wells to significantly contribute towards deployment of carbon steel tubing in Oil and Gas upstream operations, further presenting potential market opportunities to manufacturers and suppliers of carbon steel tubing. Moreover, oil and gas companies replacing the aged and damaged cast and wrought iron pipes with carbon steel tubing, will drive up the adoption. Another key factor driving the demand for carbon steel tubing is the recovering Oil and Gas industry and efforts to facilitate this recovery process.

Increasing shale drilling activities in U.S and Canada will also boost the demand for carbon steel pipes during the forecast period. Moreover, technological advancements in coating products to fight pipe corrosion has also supported the deployment of carbon steel tubing in oil and gas lift applications.

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Material Alternatives & Over Production of Chinese Steel Could Negatively Impact Carbon Steel Tubing Market

However, availability of material alternatives such as steel, alloy steel, chromium steel, fiber glass, fiber reinforced plastic, and corrosion resistant alloys could restrict the adoption of carbon steel tubing in oil and gas lift applications. Oil and gas companies change their tubing requirements as per the required application in onshore and offshore coupled with varying temperature conditions.

Another key factor anticipated to negatively impact the manufacturing of carbon steel tubing is the skewed supply demand ratio of steel attributable to excessive production and oversupply of Chinese steel. This situation lead to cheap exports and subsequent shutting down of many steel plants, which further resulted in price crash of carbon steel.

NPD & Tie-Ups to Remain Key Forward Market Strategies in the Moderately Concentrated Carbon Steel Tubing Market

FMI forecasts moderate concentration and high competition in global market for carbon steel tubing in oil and gas lift applications, considering the presence of dominant Chinese and other Asian players. Moreover, high initial setup costs acts as a barrier to the entry of new players in the market. In terms of overall market strategies, development of robust, innovative tubes coupled with strategic partnerships and tie-ups with end-use companies and distributors will fit the grand scheme of things.

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About Oil & Gas Division at Future Market Insights

With a repository of over 500 reports on energy, mining, oil & gas industry, an expert-led team of analysts in Future Market Insights has consistently tracked and assessed changing dynamics of the industry. The team conducts a number of complex projects pertaining to evolving trends in the fuel market, ongoing transformation in the energy industry, and technological impact on the mining sector. Keeping up with futuristic direction, the team offers in-depth insights and consulting services; reach out to know how we can help meet your business intelligence needs.

Canada, US, and China Shale Gas Hydraulic Fracturing Market is Expected To See a growth of 9.2% | Future Market Insights

The shale gas hydraulic fracturing market in Canada, US, and China experienced robust year-on-year (YoY) growth rate during 2021. While the total market volume across these countries totaled 28,866.50 units in 2021, it is projected to increase at 9.2% CAGR between 2021 and 2027, surpassing around 48,814.70 units by the end of 2027.

Future Market Insights’ latest forecast study offers key insights on the growth of the shale gas hydraulic fracturing market in the US, Canada and China. Analyst associated with the development of this report has addressed the key concerns of journalist. The responses reveal valuable foresights on how shale gas hydraulic fracturing market in these countries will evolve during the period, 2017-2027.

What do you think is the key factor driving the market for shale gas hydraulic fracturing in the US, Canada and China?

Well, my perceptions on the market drivers indicate the importance of having number of recoverable shale gas reserves. Among these three developed economies, the US possesses maximum number of recoverable reserves which can potentially fuel its shale gas hydraulic fracturing market. Across these countries, the dependency on conventional energy resources is remains fairly high. China will be reflecting high investments in its oil & gas sector, while Canada’s energy marketplace will showcase the adoption of advanced hydraulic fracturing technologies

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In the coming years, do you think the scope of sliding sleeve technology will improve in the market?

Not likely. Our study has observed that the adoption of sliding sleeve technology in shale gas hydraulic fracturing operations will dwindle in the coming years. Majority of shale gas companies will employ plug & perforation for their operations. Indispensable benefits of this technology will constrain the adoption of sliding sleeves in the shale gas hydraulic fracturing market.

Among the diverse applications of shale gas hydraulic fracturing, can you reveal the one that will reflect highest profitability through 2027?

In 2018 and beyond, the end-use of shale gas hydraulic fracturing in power generation applications will translate high profits for market players. Over the forecast period, more than 40% of shale gas hydraulic fracturing market value in the US will be accounted by power generation applications.

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Can you identify the key stakeholders in the shale gas hydraulic fracturing market across these countries?

What’s your take on the US being a market leader?

Frequent technological innovations in shale gas hydraulic fracturing are being adhered by market players in the US. This, according to me, keeps the country ahead of China and Canada in the context of shale gas hydraulic fracturing.

Will China reflect high value growth in the near future of its shale gas hydraulic fracturing market?

High investments in exploration activities across China’s shorelines will factor a high value growth in the country’s shale gas hydraulic fracturing market through 2027.

Can you provide a few market size estimates for understanding the study’s long-term outlook?

Currently, our study estimates the shale gas hydraulic fracturing market in US to be record over 18,000 BCF in terms of volume. Among these three countries, Canada’s shale gas hydraulic fracturing market is pegged to expand at the lowest CAGR of 8.4% during 2017-2027. In the due course of this forecast period, the shale gas hydraulic fracturing market in China is pegged to grow at a staggering CAGR of 21.2% in terms of volume.

Canada, US, and China Shale Gas Hydraulic Fracturing Market by Category

Technology:

Plug and perforation
Sliding sleeve

Application:

Power generation
Industrial
Residential
Commercial
Transportation

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Polymer Solar Cells Market Worth US$ 290 Mn by 2027 | Future Market Insights, Inc.

The global polymer solar cells market is poised to register a high CAGR of 21.5% during this period to reflect a market evaluation of a little more than US$ 290Mn by the end of 2027 from an estimation of about US$ 34 Mn in 2016.

This research report also studies several opportunities for manufacturers and suppliers/distributors of the polymer solar cells market across key regions of North America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Latin America, Japan and Middle East and Africa (MEA).

An in-depth market segmentation of the polymer solar cells market assists to estimate the volume and value projections for a period of ten years, from 2017-2027.

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Global Polymer Solar Cells Market: Forecast

Analysis of Future Market Insights points out to a huge growth of the polymer solar cells market during the assessment period of 2017-2027. According to the global research report on polymer solar cells, the global market is anticipated to reach a value of US$ 296.3 Mn from a market evaluation of US$ 34.5 Mn in 2016 with a boosting CAGR of 21.5% throughout the period of assessment.

Global Polymer Solar Cells Market: Dynamics Impacting the Global Market

The main aspects boosting the growth of the global polymer solar cells market is the development of the electronics and electrical industry, rising demand for sources of renewable energy, increasing government support and initiatives, increasing construction activities associated with green buildings along with expanding automobile and the construction industries.

Various trends are discussed in the research study, which have an indirect impact on the market’s growth, to name a few, the enhancement of manufacturing techniques of polymer solar cells (which reduce costs and enhance performance), development of electronic devices, improvement in the energy payback time with respect to both finance and energy, focusing on development of new material in order to make photovoltaics as the best alternative to organic fuels, development of new plastic solar cells to minimize energy loss and increasing the life span of organic solar photovoltaic cells.

However the global polymer solar cells market is not without of challenges. High dependency on fossil fuels, high fluctuations in the prices of oil and gas, comparatively less power conversion capacity, higher dependency on hydroelectricity, low stability and strength, availability of alternatives and limited operational life of organic solar cells might pose restraint to the growth of the global polymer solar cells market.

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Global Polymer Solar Cells Market: Segmental Snapshot

The global solar cells market is segmented by junction type (single layer, bilayer, bulk heterojunction, multi junction and others), by technique (printing technique, coating technique), by application (BIPV consumer electronics, automotive, defense and emergency and others) and by region (North America, Western Europe, Eastern Europe, Latin America, Asia Pacific excluding Japan, Japan and Middle East and Africa).

By region, Asia Pacific excluding Japan (APEJ) region is anticipated to dominate the global polymer cells market with respect to high market share during the forecast period. This region is projected to grow at the highest CAGR of 24.6% throughout the period of assessment 2017-2027.

The main contributor is China, which shows high potential and is the fastest growing country with a high CAGR of 25.5% during the forecast period. North America, Japan and Western Europe also poised to show significant growth in the coming years

By product type, the multi-junction segment is expected to grow at a higher pace than any other segments during the assessment period. However, the bulk heterojunction segment is estimated to show higher market share thus leading the global polymer solar cells market

By technique, the printing segment is expected to show a high market share and high growth rate than the coating segment, to reach a value a little under US$ 240 Mn and is poised to register a robust CAGR throughout the forecast period

With respect to the application category, the BIPV segment is poised to grow at the highest rate to register a CAGR of 23.3% during the assessment period. It is also anticipated to witness high market share, thus leading the global polymer solar cells market by application

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Global Polymer Solar Cells Market: Competition Analysis

The global polymer solar cells market has included several key players involved in the manufacturing and supply of polymer solar cells. The report has profiled companies such as Heliatek GmbH, InfinityPV ApS, BELECTRIC OPV GmbH (OPVIUS GmbH), SUNEW, Solarmer Energy, Inc., Armor Group, Solvay S.A., Eight19 Ltd., SolarWindow Technologies, Inc., and Raynergy Tek Incorporation.

Market Segmentation

By Junction Type

Single Layer
Bilayer
Bulk Heterojunction
Multi-junction
Others

By Application

BIPV (Building Integrated Photovoltaic)
Consumer Electronics
Automotive
Defence and Emergency
Others

By Technique

Printing Technique
Coating Technique

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eSIM Subscription Market Recent Trends, Leading Players, Segments & Regional Forecast 2023 to 2033

The global eSIM subscription market net worth is estimated to be around US$ 980 Mn in 2023 and is anticipated to register at a significant CAGR of 30% from 2023 to 2033. The eSIM subscription market report estimates the growth in the overall valuation of the market up to US$ 13,510 Mn by 2032.

The growth of eSIM subscriptions in consumer electronic products is being driven by advantages including increased connection, high dependability, and better security. One of the key factors influencing the development, advancement, and revolution in a variety of technical services including eSIM subscriptions continues to be the consumer electronics sector.

Again because switching cell phone network carriers is made simpler by features like eSIM 4G and 5G services, it would encourage more and more physical SIM card network providers to adopt and enter the eSIM subscription market competition.

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It is anticipated that demand for eSIM subscriptions may increase and the hardware category would rise as a result of the rising tendency among smartphone makers to incorporate an eSIM within the handset. Additionally, eSIM allows for the management of M2M devices, many of which are totally remote and located, and it is projected that it will effectively hold the highest share of the market during the forecast period.

The use of M2M and IoT technologies in automobile industries is also anticipated to increase the demand for eSIM subscriptions as a result. The GSMA Embedded SIM Specification, which will boost vehicle connectivity and pave the path for a fresh generation of linked cars, has just received support from the automotive sector and is anticipated that it would enhance demand for eSIM subscriptions from a number of connected services, enabling the industry to expand.

Key Takeaways from the eSIM Subscription Market Study

Giesecke + Devrient Mobile Security GmbH is the deserving leader in the eSIM subscription market due to its performance in the commercial eSIM deals as well as IoT eSIM arena.
Thales is a close second on the list with good ratings for its Operating System, and compatibility, ultimately leading the eSIM phone list.
Asia Pacific countries are the fastest-growing economies in the adoption of eSIM subscriptions with a higher consumer base of smartphone users.

Competitive Landscape for the eSIM Subscription Market

Infineon Technologies AG., NXP Semiconductors N.V., STMicroelectronics, Deutsche Telekom AG, Giesecke + Devrient Mobile Security GmbH, Gemalto NV, ARM Holdings are some of the major players in the global eSIM subscription market.

The eSim subscription market report states that G+D tops the market and has provided subscriptions for the highest number of devices with digital SIM card capabilities, including cellphones, wearables, iPads, and iPhone dual SIM devices

Recent Developments in the eSIM Subscription Business

In collaboration with Sequans, Kigen provided the first EAL5+-approved iSIM hardware to the market in the previous year. Numerous strong and solid collaborations that span the whole value chain have been developed by Kigen, enabling it to penetrate the market and operate at scale.

In conjunction with Bayerische Motoren Werke AG, Deutsche Telekom AG released the first version of in-car 5G and personal eSIM networking possibilities in September 2021. Vehicle communication with that of the customer’s cell device can now be connected through 5G using personal eSIM provided by Deutsche Telekom AG

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Key Segments

By Solution:

Hardware
Connectivity Services
Others

By Application:

Connected Cars
Laptops
M2M
Smartphones
Tablets
Wearables
Others (Drones, Smart Meters, Smart Grids)

By End User Verticals:

Automotive
Consumer Electronics
Energy & Utilities
Manufacturing
Retail
Transportation & Logistics
Others

By Region:

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

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Smart Parking Market : Worldwide Analysis & New Business Opportunities Explored By 2029

The global smart parking market is projected to exhibit a CAGR of 18% during the forecast period of 2022 to 2029. The rising trend of autonomous vehicles and the emergence of fully-automated parking systems (APS) are factors creating potential growth opportunities for the smart parking market.

According to the report, factors such as lack of parking space, rise in the number of on-road vehicles, low infrastructure set-up cost, and ease of connectivity are projected to drive the growth of the global smart parking market.

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Key Takeaways of Smart Parking Market Study

Proliferation of smartphones to enable drivers to track vacant parking slots and increasingly used outsourced parking services by hospitals, universities, and municipalities are expected to boost the smart parking market.
North America dominated the smart parking market in 2018 in terms of revenue, owing to increasing smart parking initiatives in the U.S. and Canada.
The parking management platforms segment is expected to gain significant traction during the forecast period, owing to increasing adoption of smart parking applications in emerging countries such as Brazil, China, Chile, India, and Indonesia.
Demand for smart parking solutions in the corporate sector is expected to increase at a striking CAGR during the forecast period, owing to high demand for efficient vehicle parking management solutions and parking spaces within corporate premises.
Limited parking spaces in highly populated cities and increasing security & privacy issues in the automotive industry are some of the factors hindering the growth of the smart parking market.

“Increasing vehicle ownership, growing smart city initiatives, and the emergence of fully-automated parking systems for efficient smart parking management will create numerous growth opportunities for the smart parking market in the coming years.”

Increasing Focus of Key Players on Product Innovation

Companies in the smart parking market have started investing more in speeding up the process of product development and innovation. Leading players are adopting business expansion, acquisition, and collaboration strategies in a bid to capture a significant share of the global market.

For instance, in July 2019, Cleverciti Systems, a prominent vendor of high-tech solutions for smart parking, announced the addition of the ClevercitiCard into its outdoor and indoor parking guidance system, including single-space occupancy detection, into a credit card-sized smart card.

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Some of the key players in the smart parking market are:

Siemens
Huawei Technologies Co.
Delphi Technologies
Intercomp S.p.A.
Comarch SA
Matrix Comsec
Urbiotica

More Valuable Insights on Smart Parking Market

Future Market Insights puts forward an unbiased analysis of the global market for global smart parking market, providing historical data for 2014-2021 and forecast statistics from 2022-2029. To understand opportunities in the smart parking market, it has been segmented on the basis of component, system type, sensor technology, and application area, across seven major regions.

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Smart Parking Market Outlook by Category

By Component :

Hardware
- Sensors
- Cameras
- Parking Meters
- Digital Guidance Signage
- Others
Software
- Parking Management Platforms
- SDK/API
Services
- Consulting
- Integration & Support Services
- Device Management Services

By System Type:

Guided Park Assist Systems
Smart Park Assist Systems

By Sensor Technology:

Ultrasonic Sensors
RFID
Image Sensors
Others

By Application Area:

Commercial
Government
Corporate

By Region:

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

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