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Video Event Data Recorder Market Comprehensive Research Study & Strong Growth in Future by 2026

Future Market Insights analyses the global video event data recorder market for a 5-year forecast period, 2016-2026. According to a recent market outlook report, “Video Event Data Recorder (VEDR) Market: Global Industry Analysis & Opportunity Assessment, 2016-2026,” the US$ 1.64 Bn market is likely to reach beyond US$ 3.2 Bn by the end of 2026.

The global video event data recorder (VEDR) market was valued at nearly US$ 1,500 Mn in 2015 and is projected to reach approximately US$ 3,500 Mn by 2026. Sales revenue is expected to increase at a CAGR of 6.9% during the assessment period (2016–2026).

This growth is attributed to rising awareness and adoption of vehicle safety technologies, government regulations and motor vehicle safety standards and benefits such as detailed data capture capabilities offered by VEDR devices.

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In the global VEDR market report, Future Market Insights provides detailed information on market definition and segmentation analysis, market dynamics and key insights, and competition assessment and key company profiles.

The overall market outlook remains positive and the compound annual growth rate is estimated at 6.9% over the decade. Although market growth will be healthy by 2021 end, it will experience a slight decline in terms of CAGR in the second half of the assessed period.

Key research findings:

Motor vehicle safety standards will continue to fuel the sales of technologies pertaining to vehicle safety In addition to growing cognisance and adoption of vehicle safety measures, burgeoning automotive investments are also anticipated to favour VEDR market growth Growing inclination of OEMs and drivers toward digitisation will push the market further With technological advancements, various cost-effective products are being developed.

Several manufacturers are also emphasising integration of smart software An increasing number of VEDR manufacturers are strategically investing in order to capitalise on opportunities offered by commercial fleets such as cabs/rental fleets/taxis globally

Key player insights:

The global market for video event data recorder is predominantly governed by the top five players in the competitive landscape. Digital Ally Inc., WatchGuard Video, Omnitracs LLC, Rosco Inc., and Safety Vision LLC collectively account for roughly 85% market revenues. A few other notable players include Convoy Technologies, OCTOCAM Srl, and L-3 Mobile-Vision, Inc.

Key metrics incorporated in the report

CAGR for the various segments across key regions assessed Year-on-Year (YoY) growth rate for the different segments growth to understand the predictability of the market and to identify the right opportunities across the global video event data recorder market Basis Point Share (BPS) analysis to understand individual segments’ relative contribution to market growth and hence identify the key trends governing the global video event data recorder market Absolute dollar opportunity analysis of all key market segments to assess the level of opportunity that providers can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global video event data recorder market

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Market Segmentation

By Type of Data Storage:

Flash Card
Cloud Data Storage

By Vehicle Type:

Passenger Cars
Light Commercial Vehicles (LCVs)
Heavy Commercial Vehicles (HCVs)

By End User:

Law & Enforcement Agencies (LEAs)
Commercial Fleet

By Sales Channel:

Auto OEM
Aftermarket

By Region:

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

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Dry Electrostatic Wipes Market Set to Witness an Uptick Size US$ 6.6 Billion to 2032: Future Market Insights, Inc.

The sales of dry electrostatic wipes market is projected to reach a valuation of US$ 1.9 Billion in 2021, likely to surge at a vigorous 12.13 % CAGR from 2022 – 2032

Nowadays, consumers are searching for quick and convenient cleaning products that can complete the task of cleaning quickly and efficiently while also maintaining high-quality standards. Cleaning products with innovative features and high efficiency have an edge in the marketplace. Thus, manufacturers in the household cleaning products market are focusing on introducing novel household cleaning products, such as dry electrostatic wipes, to gain a competitive edge in the market.

Dry electrostatic wipes is one such cleaning product that has been developed by companies to differentiate themselves from other key players. Dry electrostatic wipes act as a dust magnet. They create an electrostatic charge, which attracts dust, dirt, allergens as well as the hair found on floors and other surfaces. Over the last few years, the dry electrostatic wipes market has benefited from introducing novel dry electrostatic wipes with innovative features.

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Reasons for Covering Dry Electrostatic Wipes Market Title

Changing lifestyle has pushed consumers to look for products that save time. Thus, demand for nonwoven cleaning wipes is increasing at a rapid pace. Companies are increasingly investing in research and development activities to expand their product portfolio through new product launches. These are some of the factors that will influence the growth of the dry electrostatic wipes market in near future.

Additionally, rapidly new product developments leading to introduction of task-specific performance features, rapidly growing advanced nonwoven base technology and frequently changing consumers buying habits due to product availability, innovation and financial considerations are some of the other factors fueling the growth of the dry electrostatic wipes market during the forecast period.

However, availability of alternatives to dry electrostatic wipes and high cost of disposable wipes as compared to conventional shop towels are some of the other important factors that may hinder the growth of dry electrostatic wipes market during the forecast period.

Global Dry Electrostatic Wipes Market: Key Players

Some of the key players operating in the global dry electrostatic wipes market are Kimberly-Clark Worldwide, Inc., Chemtronics Company, Electrocomponents PLC, SDI Systems Division, Inc., Pascoes Pty Ltd., Procter & Gamble Co., Contec, Inc. and Butler Home Products, LLC.

During the forecast period, the demand for dry electrostatic wipes from electronics manufacturers, medical devices manufacturers and other industries where managing of electrostatic charge buildup is critical will increase.

Rapidly increasing use of dry electrostatic wipes in both consumer and industrial markets due to ease of use, portability, disposability and minimized risk of cross-contamination are some of the leading factors that will drive the growth of the global dry electrostatic wipes market. Moreover, advanced features associated with dry electrostatic wipes, such as antistatic properties, low in particle generation and chemical extractability, will also add to the growth of dry electrostatic wipes market.

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Opportunities for Global Dry Electrostatic Wipes Market Participants

Various developing countries, such as India and China, are experiencing rapid economic and industrialization expansion which will create opportunities for dry electrostatic wipes used in different manufacturing processes. Additionally, the expanding hygiene industry and rise in online sales channels which are expanding at an unprecedented rate globally will also give a major boost to the market, thereby creating opportunities for various prominent players in the dry electrostatic wipes market to go digital to expand their customer base by connecting with new consumers frequently.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: regional markets, packaging, base material and sales channel.

The study is a source of reliable data on:

Dry electrostatic wipes market segments and sub-segments
Dry electrostatic wipes market trends and dynamics
Supply and demand
Dry electrostatic wipes market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis

The regional analysis covers:

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

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The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Global Dry Electrostatic Wipes: Market Segmentation

On the basis of packaging, the global dry electrostatic wipes market has been segmented as –

Below 20 Wipes/ Bag
30-50 Wipes/ Bag
60-80 Wipes/ Bag
80-100 Wipes/ Bag
100 And Wipes/ Bag

On the basis of material, the global dry electrostatic wipes market has been segmented as –

Knitted
Nonwoven
Woven

On the basis of sales channel, the global dry electrostatic wipes market has been segmented as –

Hypermarkets/Supermarkets
Specialty Stores
Multi-brand Stores
Online Stores
Independent Small Stores

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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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Electric Air Freshener Market Worth US$ 742 Mn By 2032 | CAGR 2.7% – By FMI

The electric air freshener market size is projected to reach a valuation of US$ 568 Million in 2022, likely to surge at a vigorous 2.7% CAGR from 2022 – 2032.

For better condition of indoor living spaces and public places, air freshener is a very important substance prepared from different types of natural and synthetic chemicals. Given the serious impacts of artificially prepared air fresheners widely available in the market, electric air fresheners have emerged as a suitable alternative.

Electric air fresheners are becoming more popular as they are simple to use and can be regulated remotely. Until 2022, the global electric air freshener market accounted for nearly 5% of total revenue from all types of air freshener materials sold worldwide. According to the market study report, this share is expected to grow throughout the forecast period.

Growing urbanization and disposable income of people even in developing regions of the world has provided the necessary impetus for the growing use of different types of air freshening and fragrance material in the global market. The sale of electric air freshener has also grown many folds along with the sale of the physical air freshener of room and car air freshener materials.

Another big reason for such growth in demand for an electric air freshener is the growing number of personal cars in every part of the world.

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What are the Key Contributors to the Electric Air Freshener Market?

Technological advancement is one of the reasons for market participants, which is continuously adopted by the manufacturers with the rising demand for electric air fresheners. They are upgrading by adding new features like reliable capacity, LCD display, convenient design, adjustable fragrance settings, portable design, time settings, and versatile functionality to distribute and sell electric air fresheners in all segments of end users.

Along with these factors, the global electric air freshener market also depends on consumer awareness and performance of electric air fresheners. High disposable income and improvement in the lifestyle of consumers present beneficial opportunities for the sale of electric air fresheners in different regions and market development.

Product diversity is a major trade of the electric air freshener market, which is driving innovation and research activities, growing the demand for electric air fresheners by targeting new customer groups. Quickly changing technology coupled with more demanding customer outcomes in the push for new product development and product augmentation.

The key industry participants are more invested in research and development (R&D) activities for developing new products and fragrances to meet standards and regulations implemented across regions and according to a growing demand for electric air freshener types. Product extension is an essential factor in propelling the market and increasing the sale of electric air fresheners to new customers.

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Which Region holds the Highest Growth Potential in the Electric Air Freshener Market?

Due to the higher living standards of people mostly living in North America and European regions, the demand for electric air fresheners is higher in these countries. Also, the popular trend of keeping pets in households is also a major factor for the higher sale of electric air fresheners in US and European countries.

Middle East countries are also traditionally an attractive region for all types of fresheners and perfumes. With the adoption of the modern lifestyle, the demand for electric air fresheners is projected to grow during the forecast period.

How Strong is the Competition in the Global Electric Air Freshener Market?

Some of the major players of the global tire carousel market include Qingdao Anyfeel Electric Co. Ltd, Reckitt Benckiser Inc., Jarden Corporation, Kobayashi Pharmaceutical Co. Ltd, Farcent Enterprise Co. Ltd., SC Johnson & Son Inc., Car-Freshener Corporation, Church & Dwight Co. Inc, Henkel KGaA, and Procter & Gamble Co., among others.

Expansion of supply or distribution channels through the advent of online e-commerce platforms is the major driving factor for the significant growth in the sale of the electric air freshener market during the past decade.

Recent Developments Related to Electric Air Freshener Market

P&G announced the release of a long-lasting air freshener in February 2015 that can be bused home and fabric care products. This new product can help the company to strengthen its brand value in the electric air freshener market.
S.C. Johnson of US acquired the Air Freshener manufacturing Company Homeland in May 2015. As per the market analysis export, this acquisition will expand the customer base of S.C. Johnson for its sale of electric air freshener in new markets.

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Key Segments

By Customer Type:

Individual
Enterprise

By Application:

Residential
Cars
Corporate Offices
Others

By Distribution Channel:

Direct
Indirect
Hypermarket or Supermarket
Specialty Stores
Independent Stores
Online Store
Others

By Application:

Residential
Cars
Corporate Offices
Others

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

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Ski Gear & Equipment Market Size Predictions : US$ 2.26 Billion by 2032

The ski gear & equipment market size is expected to reach US$ 2.26 Billion in 2032, growing at a CAGR of 3.2% CAGR during the forecast period 2022-2032.

Skiing is considered to be one of the most popular and fascinating adventure sport practiced in the North American and the European regions in large scale. Over the years, the global skiing sports industry has witnessed a rise in the number of participants and audience which is attributable to the experience one gets while playing sports. With the rise in popularity of the sports, skiing is now being considered in global sports event such as the Olympics.

There are types of skiing practiced i.e. cross-country skiing, Alpine skiing and ski touring. With the rise in the number of participants for the sports, there has been a significant rise in demand for various types of ski gear & equipment. Ski gear & equipment promotes safety and smooth rides to its users.

Now that skiing is considered one of the commercial sports in the global industry, ski gear & equipment has been gaining traction in various parts of the world. Ski gear & equipment includes jackets, snowboards, goggles etc which are available in various styles that cater to varying needs and demands of its customers.

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Global Ski Gear & Equipment Market: Reasons for covering this Title

Skiing sports is one kind of adventure sport played since decades having its origin from Norway in Europe. Now the sports has been commercialized since the sports are being considered as one of the Olympic Games. As skiing is being considered as one of the adventure sports for the tourist as well as a big-time commercial sport for the professionals.

As a result, over the last couple of decades, there has been large-scale demand for ski gear & equipment in the global market. Various types of ski gear & equipment such as goggles, times, safety equipment are being considered as the basic essential equipment for skiing.

Ski gear & equipment manufacturers now strategize on coming up with unique products that cater to the needs of various demographic sectors i.e. men, women, and kids. Ski gear & equipment not only promotes safety but also overall style and appearance that suits its end users.

Global Ski Gear & Equipment Market: Key Players

Some of the key players operating in the global Ski Gear & Equipment market are Burton Snowboard, The Boarding Company Limited, ELAN, D.O.O. & ARENDICOM GMBH, HEAD Sports GmbH, SKI ROSSIGNOL, Surfdome Shop Ltd among others.

Ski Gear & Equipment Market: Key Trends

Major Ski Gear & Equipment manufacturers have been strategizing on innovation in the view of coming up with a new range of Ski Gear & Equipment products catering to varying needs and requirements of its target customers.

Ski Gear & Equipment Market: Key Developments

In 2017, Burton Snowboard, one of the key players in global Ski Gear & Equipment launched a new kind of ski gear & equipment product i.e. new strapless, step-in Step On boot-binding system, after five years of R&D.
In 2017, various key players in European ski gear & equipment market organized a high-profile exhibition The Telegraph Ski & Snowboard Show notifying its key product launches of the year to its target customers.

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Opportunities for Ski Gear & Equipment Market Participants

There have been recent developments where artificial snow environment being installed in the commercial mall for better customer services and experiences. For instance, the Dubai Mall has installed artificial snowboard for its customers to have a gist on how various snow sports like skiing looks like. Likewise, there are many other prominent malls that have come up with such initiatives. This one critical factor will further provide a critical opportunity for ski gear and equipment to gain traction at a significant rate in the global market.

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Global Ski Gear & Equipment: Market Segmentation

On the basis of types, the global Ski Gear & Equipment market has been segmented as –

Jacket
Timer
Goggles
Helmets
Snowboard
Snowboard boots
Ski Gloves
Snowboard sticks
Skiing apparels
Others

On the basis of application, the global Ski Gear & Equipment market has been segmented as –

Cross-county skiing
Alpine Skiing
Downhill skiing
Ski touring

On the basis of end use, the global Ski Gear & Equipment market has been segmented as –

Men
Women
Kids

On the basis of the sales channel, the global Ski Gear & Equipment market has been segmented as –

Wholesaler/Distributors
Specialty Store
Franchise Stores
Online Store

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U.S. & Canada Portable Air Conditioner Market to Achieve A High CAGR Of 3.3% During Forecast Period -2032

The U.S. & Canada portable air conditioner market size is estimated to top nearly US$ 231.2 Mn in 2022 and is projected to reach US$ 319.7 Mn by 2032 at a CAGR of 3.3% from 2017 to 2021.

Brand owners of portable air conditioners have optimized their sales channels through omni-channel retailing. Using this approach, the desired product is available to the consumer across all available channels, whether online or offline. Thus, portable air conditioners are readily available for the consumer to purchase. Many global leaders in the portable air conditioners market have adopted this approach. This way, the company reaches its customers not only in urban areas but also in rural areas, thus increasing the probability of high sales.

Furthermore, consumers are increasingly adopting e-commerce sites to purchase electronic items including portable air conditioners, as they have the ability to offer a wide range of products with special discounts and prices. In addition, e-commerce websites also help customize the products as per the specific requirements of the customer, even if the product is not available in the market in a particular country. Leading e-commerce sites including, Walmart, Alibaba and Amazon, are offering an extensive range of products from around the world.

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Factors such as easy product accessibility, convenience and ease of shopping irrespective of geographic presence help promote the online channel to purchase products like portable air conditioners which has acted as one of major driving force impacting the market.

Key Takeaways from the U.S. & Canada Portable Air Conditioner Market Study

The market in US is projected to witness rapid growth and register a CAGR of 3.6% over the forecast period, owing to the rapidly growing population, along with an increase in the number of retail outlets in the country.
As per the analysis, 5000-10,000 BTU’s segment is expected to hold a noteworthy share of 38.7% in 2021. Because it is used for small and medium-sized rooms, it an economical choice for most people.
The residential segment is expected to hold a major share of the market. Improved standard of living and rise in the adoption of smart home appliances is anticipated to favour the segmental growth.
Companies are focusing on manufacturing products that offer special features, including smart controls by Wi-Fi.

“Rising inclination of consumers toward energy-efficient systems and the growing popularity of portable systems are expected to positively impact the portable air conditioner market growth.” says an FMI analyst.

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Impact of COVID-19 on the Market

The spread of the COVID-19 pandemic had a negative impact on portable air conditioner demand in 2020 due to decreased consumer spending. Government authorities across the globe advised people to not use the air conditioner system, as it helps spreading the virus, which further restricted the product adoption. Moreover, due to the increase spread of covid-19, governments imposed stringent lockdown in countries which slowed down the overall economic conditions.

However, the market is expected to rebound in 2022 and grow steadily, aided by changing weather patterns and rising demand from commercial constructions.

Who is winning?

The players operating in the global U.S. & Canada portable air conditioners industry have adopted various developmental strategies to expand their market share, exploit the U.S. & Canada portable air conditioner market opportunities, and increase profitability in the market. Major players present in the U.S. & Canada portable air conditioner market are The Whirlpool Corporation, Midea Group, LG Electronics, Black+Decker Inc., WHYNTER LLC, Frigidaire Company, Samsung Electronics, Haier Group Corporation, Electrolux AB, General Electric Company, Honeywell International Inc., Blue Star Limited, SereneLife Home, LLC, Havells India Ltd. (Lloyd), AMACOOL among others.

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U.S. & Canada Portable Air Conditioner Market by Category

By Product Type, U.S. & Canada Portable Air Conditioner Market is segmented as:

Standard Portable Air Conditioner
Smart Portable Air Conditioner

By Capacity, U.S. & Canada Portable Air Conditioner Market is segmented as:

5,000-10,000 BTUs
11,000-15,000 BTUs
16,000-20,000 BTUs
20,000 and Above BTUs

By Price Range, U.S. & Canada Portable Air Conditioner Market is segmented as:

Below US$ 100
US$ 100-200
US$ 200-700
US$ 700 and Above

By End User, U.S. & Canada Portable Air Conditioner Market is segmented as:

Commercial
Residential

By Sales Channel, U.S. & Canada Portable Air Conditioner Market is segmented as:

Wholesalers/Distributors
Hypermarkets/Supermarkets
Multi-Brand Stores
Specialty Stores
Independent Small Stores
Online Retailers
Other Sales Channels

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U.K. Car Rental Market worth US$ 5.54 Bn by 2032 – Exclusive Report by Future Market Insights, Inc.

The U.K. car rental market size is estimated at US$ 3.20 Bn in 2022 and is projected to reach US$ 5.54 Bn by 2032, at a CAGR of 5.6% from 2022 to 2032.

Subscription models are increasingly gaining traction among consumers as they are cost-effective and offer more convenience. Driven by this, various OEMs are entering the market with improved service offerings, which is expected to augment the growth of the market.

Further, players are aiming to improve their present working models, while utilizing their abilities in fleet management and existing public fleet presence to gain a competitive advantage.

Vehicle subscriptions are expected to entice customers who may not represent conventional customer profiles for OEMs. For example, few extravagant OEMs are trying membership models widen their customer base.

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Moreover, the car subscription model permits customers to maintain a strategic distance from upfront capital necessities and long-term contracts related with buying or renting. It also allows consumers to access comfort and adaptability with the “all-in” month-to-month expense and responsibility.

“Growing preference for economic cars and rise-sharing services, coupled with subscription models offered by market players will continue fueling growth of the market over the assessment period,” says an FMI analyst.

Key Takeaways:

Based on car type, demand for economy cars is expected to surge at a considerable pace over the forecast period.
In terms of end use, the on-airport segment is projected to remain dominant through 2031.
Sales in the mobile application segment are forecast to continue gaining traction over the forecast period.
The U.S. is expected to dominate the North America market owing to the presence of key market players and increasing preference for ride-sharing services.
Demand in the U.K. is expected to remain high due to growing prevalence of medical tourism in the country.

Competition Landscape

Some of the key players operating in the car rental services market are Enterprise Holdings Inc., The Hertz Corporation, Avis Budget Group, Europcar Group, Carzonrent, Sixt SE, AI Futtaim Group, Localiza-Rent A Car, Eco Rent A Car, and GlobalCARS among others.

Leading players operating in the market are offering services aligned with consumers’ expectations to gain a competitive edge in the market. Besides this, players are investing in mergers, acquisitions and collaborations to strengthen their footprint in the market. For instance:

In January 2020, Localiza Rent A Car SA had been ranked 7th place in customer service – EXAME / IBRC (Ibero-Brazilian Institute for Customer Relations)
In 2019, Enterprise Holdings, Inc. had acquired Romsey-based car rental company, SHB Hire Ltd. The latter operates a fleet of over 18,500 commercial vehicles and this acquisition would help the company to form one of the largest U.K. commercial vehicle rental business.
In 2019, Hertz Global Holdings and Air France jointly launched Hertz DriveU, which had designed to meet all customer transportation needs.

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U.K. Car Rental Market by Category

By Car Type:

Economy Cars
Compact Cars
Intermediate Cars
Premium Cars
Luxury Cars
Others

By End Use:

Intercity
Intra-city
On-Airport
Others

By Booking Mode:

Offline Access
Mobile Application
Other Internet Access

By Sector:

Organized
Unorganized

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Pet Car Seat Market is Predicted to Register A CAGR of 4.7% During The Forecast Period 2022 – 2032

The pet car seat market size is estimated to reach a valuation of ~US$ 2.8 Bn in 2022 and is projected to surpass US$ 5.0 Bn by 2032, at a CAGR of 4.7% from 2022 to 2032.

As per Future Market Insights (FMI), surging adoption of pet among millennials is one of the key factor propelling the demand for pet car seats in the pet care industry. With growing developments in customization and introduction of high-end materials coupled with value-added features,

Dog seat covers are gaining immense traction amid growing pet humanization and rising pet ownership. Hence, customers are purchasing dog seat covers in the size, shape, and material that they require, as well as customize them, from pet stores and automobile accessory stores.

As a result, increasing concern among pet owners about their well-being is facilitating the demand in the market. Pet adoption as companions for mental well-being, fitness, and entertainment is on the rise, increasing pet-care costs. Backed by these aforementioned factors, the pet car seat market is predicted to rise amidst surging awareness regarding pet safety and easy availability of accessories.

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Key Takeaways from the Pet Car Seat Market Study

In terms of material, the PVC segment is expected to dominate the pet car seat market between 2022 and 2032.
In terms of feature, waterproof segment is expected to grow at a CAGR of 4.0% and is expected to expand at a rapid rate during the assessment period.
Based on feature, the demand for waterproof pet car seats will burgeon over the forthcoming decade
By car type, SUVs are expected to remain most preferred vehicles among pet owners for pet car seats
The U.K. is expected to lead the growth in Europe pet car seat market over the assessment period
The U.S. and India are expected to vanguard the sales in North America and South Asia pet car seats market

“Pet car seats manufacturers are increasingly focusing on advertisement and promotion of the pet accessories, positively influencing growth of the market. Product promotions through various campaigns and events such as dog shows, are the key strategies adopted by various players in the pet car seat market.” says an FMI analyst.

Who is winning?

Leading manufacturers of pet car seat are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of pet car seat globally.

Major players present in the pet car seat market are KOZI WORLD, PetsUp, PetMyRide, FitMyCar, Plush Paws, Pet Magasin, BarksBar, 4Knines, Worldwise, and Petbrill among others.

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Future Market Insights, in its new offering, provides an unbiased analysis of the global pet car seat market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the pet car seat market based on the material type (PVC, fabric, nylon & polyester), car type (SUVS, vans, sedan, minivan & others) feature (waterproof, foldable, non-slip & adjustable) sales channel (supermarkets & hypermarket, retailers & wholesalers, direct sales, pet specialty stores, online retailers & other sales channel) across seven major regions.

Global Pet Car Seat Market by Category

By Material Type:

PVC
Fabric
Nylon
Polyester

By Car Type:

SUVs
Vans
Sedan
Minivan
Others

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Global Pet Car Seat Market by Category

By Material Type:

PVC
Fabric
Nylon
Polyester

By Car Type:

SUVs
Vans
Sedan
Minivan
Others

By Feature:

Waterproof
Foldable
Non- slip
Adjustable
Others

By Sales Channel:

Supermarket/Hypermarkets
Wholesalers/Retailers
Direct sales
Pet Specialty Stores
Online Retailers
Other Sales Channel

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Storage Area Network (SAN) Market Size & Growth | Trends Report for 2022 to 2029

The overall Storage-Area Network (SAN) market is expected to be valued at US$ 19,576 Mn in 2021, and to grow at a CAGR of 3.9% to reach US$ 26,867 Mn by 2029. The SAN market accounts for approximately 7% of the total state-of-the-art data storage market.

The market for storage area networks (SANs) is expected to grow as the demand for information recovery capabilities grows across various industries, including IT and telecom, BFSI, and medical care.

The banking, financial administrations, and security (BFSI), IT, and telecom industries will continue to be the primary revenue generators for the storage area network market. A SAN and load balancing enable the synchronous operation of group and expert applications. This arrangement is occasionally adopted by business-basic applications, such as financial frameworks.

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Key Takeaways of Storage Area Network Market Study

During the forecast period, North America is anticipated to account for a sizable portion of the global storage area network market.
Among all technologies, Fiber Channel (FC) is anticipated to account for a sizeable portion of the worldwide SAN market over the forecast period.
During the projection period, it is predicted that the hardware sector will continue to have a sizable market share in the global storage area network market. This is because SANs use high-performance Fiber Channel I/O and are made up of many hardware elements.
An excellent CAGR is predicted for the need for hyperscale server SAN. However, it is anticipated that over the projection period, enterprise server SAN would continue to retain a sizable market position in the global storage area network market.

Increasing Demand for Efficient Data Backup Management to Propel Sales

The conventional method of data backup involves a number of LAN-based backup and restore operations, which are frequently sluggish and have a negative influence on the overall effectiveness of the process. In contrast, data transfers effortlessly across the SAN to tape devices in a server-less data backup system (SAN method) since it does not use vital server I/O or CPU resources. Over the ensuing years, this element is anticipated to fuel the worldwide storage area network market’s expansion.

More Valuable Insights on Storage Area Network Market

With historical data from 2014 to 2021 and projections for the years 2022 to 2029, Future Market Insights provides an unbiased study of the worldwide storage area network market. For the purpose of analysing the market’s opportunities, the SAN market has been divided into seven key regions based on component (Hardware, Software, and Services), SAN type (Hypercscale Server SAN and Enterprise Server SAN), technology (Fibre Channel (FC), Fibre Channel Over Ethernet (FCOE), InfiniBand, and iSCSI Protocol), and vertical (BFSI, IT & Telecom, Energy & Utility, Government, Military & Defense, Healthcare, Manufacturing,

Competitive landscape

Many key players in SAN market are focusing on investing heavily on innovation, research, and development practices to offer different solution for various industry applications. For enhancing the presence, customer base and solution offering market players are undergoing various strategies such as partnerships, collaborations as well as acquisitions.

For instance, in December 2019, DataCore Software Corporation introduced vFiIO that uses software-defined storage technology to enable data to be stored, organized and managed not only independently of the underlying hardware, but also independently of the access method.

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SAN Market Outlook by Category By Component:

Hardware
Software
Services

By SAN Type:

Hypercscale Server SAN
Enterprise Server SAN

By Technology:

Fibre Channel (FC)
Fibre Channel Over Ethernet (FCOE)
InfiniBand
iSCSI Protocol

By Vertical:

BFSI
IT & Telecom
Energy & Utility
Government
Military & Defense
Healthcare
Manufacturing
Retail & e-Commerce
Others

Region:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
MEA
GCC Countries

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Residential Robotic Vacuum Cleaner Market is projected to rise at an impressive CAGR of 14.5% from 2022 to 2032

According to Future Market Insights (FMI), the global residential robotic vacuum cleaner market is anticipated to grow from US$ 2.5 Bn in 2022 to US$ 9.7 Bn by 2032, with overall sales accelerating at 14.5% CAGR throughout the forecast period (2022-2032).

Growing demand for smart homes coupled with rising implementation of connected devices is primarily driving the growth of residential robotic vacuum cleaner market.

Similarly, another factor influencing the residential robotic vacuum cleaner industry is the reduction in time needed for domestic tasks. Robotic vacuum cleaners for homes can accomplish chores like mopping and cleaning quickly.

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Employing domestic employees may be too expensive or illegal in some nations. The robotic vacuum cleaner can assist in these situations by carrying out chores that are typically done by domestic helpers. The market for home robotic vacuum cleaners is anticipated to be penetrated by vacuum cleaners with security features including warning owners in case of intruders and fires.

People’s propensity for automation is rising as a result of the growing acceptance of smart homes and smart products, which is one of the major factors boosting the market for robotic vacuum cleaners.

The inclination for products that are technologically advanced in their functioning and useful in streamlining the task has expanded with the growth of the tech-savvy people. Customers struggle to find time to clean and mop due to their changing lifestyles and hectic schedules. Over the projected term, this will have an impact on the market growth for robotic vacuum cleaners.

Various manufacturers are constantly introducing novel products to grab emerging opportunities in the market. For instance, in April 2021, iRobot Corp, the leader in consumer robots, expanded its Roomba^® robot vacuum lineup with the launch of the new RoombaiSeries products i3 and i3+ in India.

However, factors like shorter battery life, inability to efficiently clean rooms with complicated structures, and higher costs of these robotic vacuum cleaners is expected to limit market growth to a large extent during the forecast period.

Key Takeaways: Residential Robotic Vacuum Cleaner Market

By type, the in-house residential robotic vacuum cleaner segment is anticipated to account for the leading share in the global demand for residential robotic vacuum cleaner during the forecast period while the outdoor residential robotic vacuum cleaner segment is estimated to grow at a robust CAGR of 5% through 2032.
Among the charging mode, auto-battery charging segment is anticipated to grow at the highest CAGR of 2% between 2022 & 2032.
By operation mode, the self-drive robot segment is anticipated to grow at a CAGR of 6% between 2022 & 2032.
The U.S. residential robotic vacuum cleaner market is expected to grow at a CAGR of around 9% through 2032.
The residential robotic vacuum cleaner market in India is expected to grow at 4% CAGR during the forecast period.

“Growing demand for automated equipment is expected to drive the growth of residential robotic vacuum cleaner market over the next ten years,” says FMI analyst.

Who is Winning?

Market players operating in residential robotic vacuum cleaner market include iRobot Corporation, Xiaomi, Neato Robotics Inc., Dyson Inc., ECOVACS, Hayward Industries Inc., Koninklijke Philips N.V., Samsung Electronics Co. Ltd., Pentair, Milagrow Business, and Knowledge Solutions (Pvt) Limited among others.

These leading players are concentrating on introducing new and advanced residential robotic vacuum cleaners with multiple tasking features. Besides this, they are adopting strategies such as partnerships, collaborations, acquisitions, mergers, and strengthening of distribution channels to expand their global footprint.

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More Valuable Insights on Residential Robotic Vacuum Cleaner Market

Future Market Insight’s report on the residential robotic vacuum cleaner operation mode research is segmented into four major sections – type (in-house robot, and outdoor robot), charging mode (manual charging, and auto-battery charging), operation mode (self-drive robot, and remote control robot), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the residential robotic vacuum cleaner demand outlook.

Residential Robotic Vacuum Cleaner Market by Category

By Type:

In-house Robot
Outdoor Robot

By Charging Mode:

Manual Charging
Auto-Battery Charging

By Operation Mode:

Self-drive Robot
Remote Control Robot

By Region:

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

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High Voltage Direct Current (HVDC) Transmission System Market to be worth at US$ 28,508.2 Mn during Forecast 2022 to 2032| Future Market Insights

According to Future Market Insights, the global high voltage direct current (HVDC) transmission system market size is expected to reach ~US$ 28,508.2 Mn by 2032, growing at a CAGR of 10.6% in the forthcoming years (2022 – 2032). It stood at ~US$ 9,484.0 Mn in 2021.

The report states that the market is expected to reach a valuation of ~US$ 10,380.2 Mn by the end of 2022. Future Market Insights mentions that in the next decade, the market for HVDC transmission systems is anticipated to witness considerable expansion due to the rapidly expanding renewable energy industry, as well as rising energy consumption across the globe.

Due to the rapid development of submarine power transmission systems worldwide, the market for high voltage direct current (HVDC) transmission systems is predicted to expand significantly. As international power trading is nowadays receiving more attention, undersea electricity transmission is becoming more significant.

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The high voltage direct current transmission system in submarines enables electricity trading between nations divided by water bodies, which is a key growth factor as various countries want to profit from the excess electricity produced by using renewable energy sources.

Key Takeaways: High Voltage Direct Current (HVDC) Transmission System Market

By component, the services segment is set to dominate by exhibiting a CAGR of around 0% between 2022 & 2032.
By technology, the line commutated converters (LCC) segment is expected to grow at a CAGR of around 1% between 2022 & 2032.
By application, the renewable energy segment is projected to showcase significant growth at a CAGR of around 7% between 2022 & 2032.
By deployment, the subsea segment is set to remain at the forefront by witnessing a CAGR of around 9% between 2022 & 2032.
By power rating, the below 1000 MW segment is projected to showcase a steady growth rate at a CAGR of around 9% between 2022 & 2032.
By region, the Europe high voltage direct current (HVDC) transmission system market held the highest share of around 7% in 2021.

“In densely populated urban areas, where the density of necessary overhead wires could significantly obstruct the flow of electricity, HVDC systems are considered to be ideal. Underground power lines are being used more frequently in urban areas despite their expensive nature, which would further drive the demand for high voltage direct current (HVDC) transmission systems,” says FMI analyst.

Demand for Submarine HVDC Transmission Systems to Grow by 2032

High voltage direct current (HVDC) transmission systems are a crucial piece of technology used for the development of power transmission networks. Across long subsea distances, HVDC transmission is the only solution available for the transfer of high power.

HVDC submarine transmission is primarily used to connect remote offshore platforms to main transmission grids and to connect countries or islands that are separated by water. Additionally, increasing number of offshore projects like offshore wind farms and offshore oil & gas upstream projects would also help in expanding the economic prospects for HVDC technology globally.

For instance, as of September 2021, Egypt and Greece are in discussions to connect their power networks by laying 2 Gigawatts (GW) of HVDC submarine interconnectors at the bottom of the Mediterranean Sea. On the back of these factors, the high voltage direct current (HVDC) transmission systems market is expected to grow at a significant rate during the forecast period (2022-2032).

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More Valuable Insights on High Voltage Direct Current (HVDC) Transmission System Market

Future Market Insight’s report on the high voltage direct current (HVDC) transmission system industry research is segmented into five major sections by component (product (ac & dc harmonic filters, converters, dc lines, circuit breakers, others), services(repairs & maintenance, engineering & consulting), by technology (LCC (line commutated converters), VSC (voltage source converters), and others), by application (energy transmission & distribution, distributed energy resources (der), renewable energy), by deployment (overhead, underground, subsea, combination), by power rating (below 1000 MW, 1001 – 2000 MW, above 2000 MW)and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the high voltage direct current transmission system demand outlook.

Competitive Landscape

Key players in the high voltage direct current (HVDC) transmission system market are concentrating on various tactics to increase their research & development spending in order to update their technologies to meet the changing consumer demand. In order to meet the rising client demand, numerous organizations are also acquiring and forming partnerships with other businesses to establish their own high voltage direct current (HVDC) transmission system solutions.

For instance:

In October 2021, Hitachi ABB signed a contract to build an interconnection that allows Saudi Arabia and Egypt to interchange up to 3000 MW of power. With the help of this project, the 1350-kilometer-long connecting line will transfer electricity through overhead power lines and a subsea cable across the Red Sea.
In June 2021, for an underground transmission project in the U.S., Prysmian Group was hired to provide high-voltage DC cable systems. The SOO Green HVDC Link, which is a 2100 MW interregional transmission project connecting two of the biggest energy markets in the U.S., was a component of this deal.

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High Voltage Direct Current (HVDC) Transmission System Market Outlook by Category

By Component:

Products
- AC & DC Harmonic Filters
- Converters
- DC Lines
- Circuit Breakers
- Others
Services
- Repairs & Maintenance
- Engineering & Consulting

By Technology:

Line Commutated Converters (LCC)
Voltage Source Converters (VSC)
Others

By Application:

Energy Transmission & Distribution
Distributed Energy Resources (DER)
Renewable Energy

By Deployment:

Overhead
Underground
Subsea
Combination

By Power Rating:

Below 1000 MW
1001 – 2000 MW
Above 2000 MW

By Region:

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

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