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Deep Learning Market to be valued at US$ 130,667.0 Million from 2022 to 2032

The global Deep learning is evolving as one of the most advanced technologies in enterprise computing. Organizations are using deep learning neural networks to obtain valuable insights from vast amounts of data to offer innovative products and improved customer experience and thereby increasing revenue opportunities for the deep learning market.

The rising need for enhanced human and system interaction will be driving the growth of global deep learning market during the forecast period. As deep learning systems offer expert assistance, it will assist humans to extend their capabilities. Also, there is a rise in usage of deep learning technology across various industrial verticals such as medical, finance, automotive retail, and others. Another driving factor for this market is the robust R&D for the expansion of better processing hardware for deep learning.

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There is increasing demand for deep learning in fraud detection, database systems, and cyber security is driving the growth of data mining applications in deep learning market. Healthcare industries produce a huge volume of data sets related to patient details, diagnosis, etc. Thus, data mining is anticipated to witness highest growth rate in the healthcare sector in the near future.

Deep Learning Market: Market Dynamics

Rising necessity for hardware platforms with high computing power to execute deep learning algorithms is a driving factor of Deep Learning market Increasing complexity in hardware due to the complex algorithm in deep learning technology can hamper the growth of Deep Learning market. Growing usage of deep learning in data analytics and database systems growth opportunities for Deep Learning Market.

Global Deep Learning Market: Competition Landscape

Few prominent players in Deep Learning market includeGoogle Inc., Microsoft Corporation, Qualcomm Technologies, Inc., IBM Corporation, Intel Corporation, General Vision Inc. and NVIDIA Corporation, etc.

Deep Learning Market: Regional Outlook

North America is prominent and holds the largest share in the deep learning market and is estimated to be in the leading position owing to the widespread adoption of deep learning technology. There is high growth of deep learning market in North America due to the presence of prominent players in the region that offers deep learning services and hardware such as IBM Corporation, Qualcomm Technologies, Inc. and Intel Corporation, etc. Latin America and MEA are expected to contribute significantly over the forecast period.

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The report covers exhaustive analysis on

Global Deep Learning Market Segments
Global Deep Learning Market Dynamics
Historical Actual Market Size, 2012 – 2016
Global Deep Learning Market Size & Forecast 2016 to 2027
Supply & Demand Value Chain for Deep Learning Market
Global Deep Learning Market Current Trends/Issues/Challenges
Competition & Companies involved in Deep Learning Market
Deep Learning Technology
Value Chain of Deep Learning
Global Deep Learning Market Drivers and Restraints

Regional analysis of Global Deep Learning Market includes

North America Deep Learning Market
- US & Canada
Latin America Deep Learning Market
- Brazil, Argentina & Others
Eastern Europe Deep Learning Market
- Poland
- Russia
- Rest of Eastern Europe
Western Europe Deep Learning Market
- Germany
- Italy
- France
- UK
- Spain
- Nordic
- BENELUX
- Rest of Western Europe
Asia Pacific Deep Learning Market
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
Japan Deep Learning Market
Middle East and Africa Deep Learning Market
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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

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Telecom Cloud Market is projected to reach a valuation of US$ 99.4 Bn by 2032

The Telecom Service Assurance Market revenues were estimated at US$ 6.5 Bn in 2021 and is anticipated to grow at a CAGR of 8.8% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 16.6 Bn.

To fulfil current customer expectations and increasing commercial prospects, telecom operators throughout the world must adapt swiftly and stay up with rapid innovation. Furthermore, as a consequence of the increasing acquisition of enterprises, the emergence of new technologies, and the development of organisational structure, improvements in operations support system (OSS) settings are resulting in a collection of independent silos that rely on manual procedures.

Furthermore, the introduction of 5G, virtualization, and the Internet of Things (IoT) technologies are allowing network and service management automation, which aids in the optimization of silos and the effective administration of service assurance. Apart from that, the increasing adoption for telecom power systems, owing to the major expansion of telecom infrastructure in rural regions, is having a favourable impact on the market, as is the rising popularity of wireless systems. Also, Increasing global IP and cloud traffic solutions, as well as increased communication network complexity, may boost the Telecommunication Services Assurance industry.

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As Portuguese company clients seek more cloud services, demand for popular schemes such as low-latency connectivity and datacenter interconnection (DCI) is growing. Increase capacity in the mid-band for both mobile phone and fixed wireless access consumers may support the Telecom services. Meanwhile, internet and mobile infrastructure are still in the early stages of development, and the mobile workforce, as well as BYOD, is gaining, necessitating device monitoring, which will support the rise of telecom service assurance.

In 2025, mobile penetration in APAC will rise from 67 percent in 2015 to 73 percent. As per the Global System for Mobile communications Association, mobile broadband penetration will increase from 41% in 2015 to 64% in 2025.

Key Takeaways from the Market Study

Global Telecom Service Assurance Market is expected to reach a market size of US$ 7.1 Bn by 2022.
TheSolution segment, is expected to have the highest CAGR rate of 9.1% during the forecast period.
United States to remain the most dominant market with absolute dollar growth opportunity of US$ 5.8 Bn during 2022 – 2032.
The market in United States is set to experience the highest CAGR of 8.6% during the 2022-2032 forecast period.

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“The increased utilization 5G technology, digitalization, and the Internet of Things (IoT) innovations, as well as the massive development of telecom infrastructure in rural areas by big enterprises, will boost Telecom Service Assurance market trends in the next years..” comments a Future Market Insights analyst.

Market Segments Covered in Telecom Service Assurance Market Analysis

By Component;

Solution
Services

By Operator Type:

Mobile Operator
Fixed Operator

By Organization Size:

SMEs
Large Enterprise

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

Competitive Landscape

The market is fiercely competitive, where key players are increasingly focused to obtain a competitive advantage. The key companies in the Telecom Service Assurance Market are focused on R&D to produce innovative technological solutions.

In May 2019, Nokia telecom has been selected by ONI Telcom to provide 10G services in important Portuguese cities. Nokia will provide SLAs for retail company and wholesale data centre connections as well as cloud services to ONI clients.
In July 2018, IBM and NETSCOUT collaborated to include NETSCOUT’s network analytics technologies into IBM’s telecommunications analytics package.

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https://www.spoke.com/topics/enterprise-mobility-market-application-analysis-and-growth-by-forecast-to-2032-63807ee8f8b2e307f300f2d4

https://futuremarketblog.blogspot.com/2022/11/enterprise-mobility-market-2021size.html

https://www.findit.com/xjuutjqdtnfkhsb/RightNow/enterprise-mobility-market-2021size-top-key-playerst/70e83dfd-7e50-4a95-9424-a1209515f79d

https://theprose.com/post/543571/enterprise-mobility-market-share-global-industry-size-growth-swot-analysis-competitor-landscape-regional-outlook-2021-2032

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Business as a Service Market is anticipated to be valued at US$ 1074100 million in 2032

If we view the Business as a Service (BaaS) as a very basic form of business service, it is like giving the business the much-required head start. The businesses can promote their products/services through A2P messaging, wherein the messages will be sent through an application, rather than a person, and the message can be related to marketing communications, notifications, etc. From the very basic level itself, sky is the limit for the business opportunities.

The applications of Business as a Service are not only limited to messaging. It provides a variety of applications like democratising business functions, seamless access to core services amongst the verticals etc. Additionally, business management becomes much easier by the implementation of Business as a Service. Being an application of Everything as a Service (XaaS) model, it paves the way for businesses to be reasonable, i.e., payment as per usage. Such factors might very well increase the demand for Business as a Service.

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We are living in the times of instant gratification. Verticals across the businesses want to immediately access the services which is delivered by someone else. The application of Business as a Service helps us achieve this using the cloud technology.

One of the biggest benefits of using this service is that the application of cloud technology is democratising the functionalities. This promotes the concept of crowdsourcing within the organisation, as a result of which only the best practices are applied across departments. This is anticipated to increase the demand for Business as a Service.

This also helps the enterprises to revamp the business processes and develop their existing products/services.

It is essential to understand that companies which have been operating for quite a long time cannot change their conventional systems on an immediate basis. However, with the usage of Business as a Service (BaaS), the companies can either rope in or discard what they wish to spontaneously on a real-time basis.

Thus, from the analysis of Future Market Insights, it is quite clear that “The urgency to implement new technologies to drive the fundamentally different ways to drive a business through the proper implementation of data driven communication, coupled with many other factors are expected to surge the demand for Business as a Service.”

Key Takeaways:

The anticipated CAGR during the forecast period is 20.2%.
The valuation of Business as a Service market as on 2022 is US$ 170800 million
The anticipated valuation of Business as a Service market in 2032 is US$ 1074100 million
By service type, the Software as a Service (SaaS) segment had the highest market share of 67.6% in 2021.
The large enterprises had a higher market share of 65.4% in 2021, as compared to SMEs, which had a share of 35.6%.
Based on the industry size, the IT & Telecom sector had the highest market share of 23.5% in 2021.
North American market had a market share of 33.6% in2021
European market had a share of 21.3% in 2021
Asia Pacific market had a share of 30.5% in 2021
The MEA market had a share of 6.6% and Latin American market had a share of 8% in 2021

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Competitive Landscape

With increasing cases of data theft and cybersecurity issues, the key players are looking at ways to empower cloud service with trust and transparency as per the compliance with GDPR requirements. This would certainly reaffirm commitments to global data protection laws and standards. Some of the recent developments in the competitive landscape are as follows:

In August 2022, Microsoft announced that the Microsoft Offensive Research & Security Engineering (MORSE) takes a three-pronged approach to securing code within the Operating System. Red, blue and green teams, each with a different role to play, help MORSE aggressively battle security threats, repair broken code and prevent issues from ever happening.
In July 2022, AWS announced AWS Wickr, which is an end-to-end encrypted enterprise communication, which allows secure collaboration across messaging, voice and video calling, file sharing, and screen sharing.
In August 2022, Google Cloud announced the launch of Data Studio, which is a self-service business intelligence and data visualization product, as a Google cloud service, enabling customers to get Data Studio on the Google Cloud Terms of Service.

Key Companies Profiled:

Microsoft
Salesforce
Adobe Creative Cloud
AWS
Alibaba Elastic Compute Service
Google Cloud
Engine Yard
IBM Cloud
Heroku

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Key Segments in the Business as a Service Market

By Service Type:

Software as a Service (SaaS)
Platform as a Service (PaaS)
Infrastructure as a Service (IaaS)

By Enterprise Size:

SME
Large Enterprises

By Industry:

BFSI
IT & Telecom
Retail
Healthcare
Manufacturing
Transportation
Others

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

https://www.spoke.com/topics/enterprise-mobility-market-application-analysis-and-growth-by-forecast-to-2032-63807ee8f8b2e307f300f2d4

https://futuremarketblog.blogspot.com/2022/11/enterprise-mobility-market-2021size.html

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Sirens Market to reach a value of US$ 244.0 Million by 2032 with a CAGR of 3.7% by 2032

In 2022, the Market For Sirens is anticipated to reach a valuation of US$ 170.1 Million. By 2032, the sirens market is anticipated to grow at a CAGR of 3.7 percent and reach a value of US$ 244.0 million.

Whether for announcements or on emergency vehicles like ambulances, police cars, fire trucks, and others, siren use is predicted to rise. An audible alarm known as a siren alerts people to potentially hazardous situations as they develop.

Rapidly rising threats and accidents in developing economies have led to an increase in casualties as well as lost business opportunities. As more people use security solutions, it is anticipated that demand for sirens will increase during the forecast period.

The number of victims and lost opportunities for business have increased quickly as a result of rising threats and accidents in developing economies. Adopting security solutions, like sirens, is an efficient way to deal with these difficulties. Long-range sirens are appropriate for mining and industrial applications, whereas motorised sirens are used for home security. When there is no power source available or a backup is needed, hand-operated sirens are used.

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Some additional features of sirens include a solar panel upgrade system to keep the batteries charged and a number of digital communication methods, including Ethernet, satellite, IP, fiber optic and others. Sirens have conformal coatings on their electronics, which help protect them against harsh environments. Some of the systems are made in such a way that they can be expanded or scaled depending on future capabilities.

Omni-directional sirens can be used in areas of high noise levels and those with large population densities as they provide a greater area of coverage. Sirens have external controls with triggers, which can be customized according to needs. The lightening types of sirens include bulb revolving, LED flashing and xenon lamp strobe. The loud speakers in sirens are adopted from latest piezoelectric ceramic technology.

Other sirens are hydraulic or air driven and mostly find applications in plants and factories. Lithium batteries have replaced alkaline batteries in sirens now, since lithium batteries need not be replaced for several years. Modern sirens use latest technologies and find applications in civil defense, emergency vehicles, security systems and others. Typically, sirens are made of stainless steel, aluminum or UV stabilized polycarbonate to avoid corrosion and are equipped with protection cages. An LED flashing siren has a light source with a semi-permanent lifespan and it is used in places where bulb replacement is a problem.

Region-wise Outlook

In the global sirens market, the dominant share is held by the U.S., India, China, Japan, Australia, Germany, Singapore and the UAE. This can be attributed to the demand for security solutions in developed as well as developing economies.

The regional analysis includes:

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

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Market Participants

Some of the key market participants identified in the global siren market are Acoustic Technology Inc., Sentry Siren Inc., MA Safety Signal Co. Ltd, Whelen Engineering Co. Inc., Federal Signal Corporation, B & M Siren Manufacturing Co., Projects Unlimited Inc., Phoenix Contact, Mallory Sonalert Products and Qlight USA Inc.

By Segmentation

Segmentation of the global siren market by product type:

Electronic
Electro-mechanical
Rotating
Single/dual toned
Omnidirectional

Segmentation of the global siren market by application:

Civil defense
Industrial signaling
Emergency vehicles
Home/vehicle safety
Security/warning systems
Military use
Others

Segmentation of the global siren market by installation type:

Wall mounting
Self-standing
Water proof connector

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Rising population and rapid urbanization have led to an increase in demand for security solutions. The need for implementation of security has paved way for the use of electronic equipment on a large scale globally, which in turn has created opportunities for the global sirens market. As these products are durable with a high voltage capacity and easy to install, they find high selling propositions. Characteristics and properties of electronic and pneumatic equipment play a vital role in security solutions, thereby driving the global sirens market with a rise in diverse end-user applications, such as industrial warning systems, community warning systems, campus alert systems and military mass warning systems.

Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth Polishing / Lapping Film market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint.

https://www.spoke.com/topics/enterprise-mobility-market-application-analysis-and-growth-by-forecast-to-2032-63807ee8f8b2e307f300f2d4

https://futuremarketblog.blogspot.com/2022/11/enterprise-mobility-market-2021size.html

https://www.findit.com/xjuutjqdtnfkhsb/RightNow/enterprise-mobility-market-2021size-top-key-playerst/70e83dfd-7e50-4a95-9424-a1209515f79d

https://theprose.com/post/543571/enterprise-mobility-market-share-global-industry-size-growth-swot-analysis-competitor-landscape-regional-outlook-2021-2032

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Electrical Enclosure Market 2022 Expectations & Growth Trends Highlighted Until 2028

The global Electrical Enclosure market is estimated to have been valued at US$ 6,161.0 Mn at the end of 2017 and is expected to reach US$ 10,370.0 Mn by the end of 2028 while expanding at a CAGR of 4.9% over the forecast period. The global Electrical Enclosure market is anticipated to represent incremental opportunity of US$ 3,940.2 Mn between 2018 and 2028. Some of the end-use applications considered in this report on electrical enclosures include industrial, commercial and residential sectors.

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An electrical enclosure is a container/ box that encloses electrical connections for safekeeping as well as to ensure the safety of the general public. The whole point of an electrical enclosure box is to keep wires safe, free from dirt and dust and secured.

Rapid Growth of Renewable Power Generation Key Growth Driver

Most of the end users are now shifting their focus to alternative forms of power or energy rather than depending on energy generation by fossil fuel operated power generators. These alternative forms of energies – for instance, wind power, solar power and other forms of renewable energy are gaining popularity among all types of end users. Additionally, carbon emission and dependency on fossil resources is increasing day-by-day.

Thus, in order to control this dependency, usage of renewable energy sources such as wind and solar energy is likely to be the new trend in the energy and power industry. Establishment of these power generation facilities will increase the demand for electrical enclosures in the upcoming years. Many countries such as the U.K. and Germany among others, are planning to adopt renewable energy sources, which is expected to further increase the demand for electrical enclosures for transmission and distribution.

Capacity Addition Plans and Installation of New Grids to Power the Electrical Enclosure Market

The governments of various countries have planned to make huge investments on numerous projects to provide better electricity services. For instance, the government of Russia has devised plans such as the GOELRO plan, Russian SFSR Electrification Plan, and Railway Electrification Plan among others, for establishing new power grids to provide electricity in the rural areas of the country.

These plans are being supported by the State Commission for Electrification of Russia. Also, the government is focussing on installing new transmission lines in order to create a national grid and also to develop railway electrification, which will in turn boost the demand for electrical enclosures. These planned investments across various sectors such as infrastructure, power, and railways among others, will drive significant growth in the electrical enclosure market.

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Need for Integration of Grid Infrastructure

Increasing transmission and distribution activities across the globe have increased the demand for installations of enclosures, which in turn, is driving the market of electrical enclosures. Transmission and distribution expansion, along with urbanisation, is necessary for the development of industrial and manufacturing sectors.

Some countries, such as GCC countries and Turkey have the potential to become the hub for many manufacturing industries, which will increase the demand for electrical enclosures owing to rapid industrialisation. By material type, metallic enclosures will witness supreme demand as they have a longer life and reduce the risk of fire hazards. Climate control enclosures can work in extreme climatic conditions and are ideal for use in several regions, thereby driving demand in the global market.

Segmentation Analysis

The electrical enclosure market is segmented on the basis of product type into junction enclosure, disconnect enclosure, operator interface enclosure, environment and climate control enclosure and push button enclosure.

On the basis of product type, the junction enclosure segment is anticipated to continue to dominate the global market in terms of value over the forecast period. The junction enclosure segment is estimated to grow at a relatively high CAGR as compared to other types over the forecast period. It is expected to represent a total incremental opportunity of US$ 1,691.2 Mn between 2018 and 2028.

By Segmentation:

By Product Type

Junction Enclosures
Disconnect Enclosures
Operator Interface
Enclosures
Environment and Climate
Control Enclosures
Push Button Enclosures

By Material Type

Metallic
- Aluminium
- Mild steel
- Stainless Steel
Non-Metallic
- Fiberglass
- Polycarbonate
- Polyester
- ABS

By Design

Standard Type
Custom Type

By Configuration

Wall Mount Enclosures
Floor Mount Enclosures
Freestanding Enclosures

By End Use Sector

Industrial
Residential and Commercial

By Region

North America
Latin America
Western Europe
Eastern Europe
China
Japan
India
South East Asia & Others (SEA)
Middle East & Africa (MEA)

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Extruders and Compounding Machines Market Research, Segmentation, Key Players Analysis and Forecast to 2027

Future projections on this market have been chalked to assess the growth path of the market. An in-depth market segmentation is carried out that explores every angle of the market with which relevant acumen can be obtained. A forecast analysis for a period of 10 years has been drawn that can support the reader in slating future moves.

Global Extruders and Compounding Machines Market: Forecast Highlights

The global market for extruders and compounding machines is expected to grow at a moderate value CAGR of 4.7% during the period of forecast, 2017-2027. The global extruders and compounding machines market was valued at around US$ 11 Bn in 2017 and is estimated to reach a valuation of more than US$ 18 Bn by the end of the year of assessment (2027).

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Global Extruders and Compounding Machines Market: Dynamics Impacting Growth

Increase in the demand for plastics across several regions in the globe, integration if IIoT in the field of compounding and extrusion, increasing threshold in cable manufacturing sector, increased use of extruders and compounding machines in small and medium scale industries, rising food and beverage sector across the globe especially in emerging economies, increasing trade policies supporting the market’s growth, and increasing demand from construction, consumer goods and packaging industries have supported the growth of the global extruders and compounding machines market. Factors such as strict government regulations on using non-green machines, problems associated with BREXIT and stringent regulations on plastic products have posed restraints to the market’s growth.

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Global Extruders and Compounding Machines Market: Key Segmental Outlook

The global extruders and compounding machines market is segmented on the basis of product type, application, end use industry and region.

By product type, the adoption of twin screw is expected to dramatically rise in the coming years. This makes the twin screw segment highly attractive and it is projected to grow at the fastest rate to reach a high valuation by the end of the forecast period
In the application category, speciality plastics segment is estimated to reflect a higher valuation than other application segments thus leading the global market. Moreover, the master batch production segment is projected to grow at a significant pace in the coming years
By end use industry, plastics industry segment and food and beverage segment have largely contributed to the growth of the global extruders and compounding machines market. Plastics industry segment leads the way
In the region category, Asia Pacific excluding Japan (APEJ) is anticipated to radiate high market attractiveness. The extruders and compounding machines market in APEJ region is the largest with a significant market valuation and is projected to expand at a high value CAGR of 5.7% throughout the period of forecast

Global Extruders and Compounding Machines Market: Competitive Landscape

The global extruders and compounding machines market research report has included key player analysis covering several facets such as financials, developments, expansion strategies and product portfolios of key companies dealing with extruders and compounding machines. Key companies such as Toshiba Machine Co., Ltd., The Japan Steel Works Ltd., Coperion GmbH, Battenfeld-Cincinnati, NFM Welding Engineers, Inc., Clextral S.A.S., KraussMaffei Berstorff GmbH, Leistritz AG, Davis-Standard, LLC, Theysohn Extrusionstechnik GmbH, Everplast Machinery Co., Ltd., Breyer GmbH, Rajoo Engineers Limited, Gneuss Kunststofftechnik GmbH, Cheng-Hua Machinery Co., Ltd., Kabra Extrusion Technik Ltd., and SML Maschinengesellschaft mbH are covered in this research study.

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Hydrogen Electrolyzer Market Current Scenario and Industry Growth Forecast with Major Key Players data by 2032

The global hydrogen electrolyzer market is expected to grow at a CAGR of 24.2% over the forecast period of 2022-2032. The market valuation is set to reach US$ 3.7 Bn by the end of 2032. Rising demand for hydrogen gas across various end-use sectors is estimated to drive growth in the hydrogen electrolyzer market during the forthcoming years.

Development of new technologies to reduce the operational cost of hydrogen electrolyzers is anticipated to fuel the market. Moreover, rising awareness about the harmful effects of carbon emissions worldwide are set to create new growth opportunities in the market.

Higher adoption of renewable energy sources and increasing onsite hydrogen production are set to boost the demand for hydrogen electrolyzers in the upcoming decade. Apart from that, surging demand for carbon-free steel in various industries such as automotive is projected to create new growth opportunities in the steel manufacturing sector.

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Increasing initiatives taken by several automotive manufacturers to reduce carbon emission from vehicles is another vital factor that would propel sales of hydrogen electrolyzers in future. Surging development of green energy worldwide is also expected to drive the market.

Key Takeaways: Hydrogen Electrolyzer Market

By product type, sales of PEM electrolyzers are expected to grow at a CAGR of 25.2% during the forecast period.
By outlet pressure, the low (<= 10 bar) segment is anticipated to dominate the market and is expected to account for about 2/3^rd of the share.
By end use, the transportation segment is projected to lead the hydrogen electrolyzer market and create an absolute $ opportunity worth US$ 905.5 Mn in 2032.
In terms of region, the Europe hydrogen electrolyzers market is estimated to exhibit a CAGR of 24.1%.

“Increasing demand for hydrogen fuel due to rising investments in novel programs for reducing carbon emissions globally is set to create new growth opportunities for companies in the hydrogen electrolyzers market,” says a FMI analyst.

Competitive Landscape: Hydrogen Electrolyzer Market

Leading Companies Profiled in Hydrogen Electrolyzer Market are

Nel Hydrogen
Siemens AG
McPhy Energy
ITM Power Plc
Tianjin Mainland Hydrogen Equipment Co. Ltd
Gaztransport & Technigaz
Giner Inc.
GreenHydrogen Systems
iGas Energy GmbH
Beijing CEI Technology Co., Ltd.
Next Hydrogen
Air Liquide
Ballard Power Systems
Enapter
Plug Power Inc.
Bloom Energy
others

Manufacturers are strategically collaborating with technology companies for co-developing new products and gaining a competitive edge. A few others are looking forward to helping the oil and gas industry by providing technologically advanced products.

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Hydrogen Electrolyzer Market Outlook by

CategoryBy Product Type:

Proton Exchange Membrane (PEM) Electrolyzer
Alkaline Electrolyzer
Solid Oxide Electrolyzer

By Capacity:

Low (<= 150 kW)
Medium (150kW–1mW)
High (> 1mW)

By Outlet Pressure:

Low (<= 10 Bar)
Medium (150 Bar–40 Bar)
High (> 40 Bar)

By End Use:

Ammonia
Methanol
Refining/ Hydrocarbon
Electronics
Energy
Power to Gas
Transport
Metal Production & Fabrication
Pharma & Biotech
Food & Beverages
Glass Industry
Other Industrial

By Region:

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

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Industrial Valves Market Navigation, Imaging and Positioning Solutions Market

Up from the revenues worth US$61 Bn registered in 2018, the global market for industrial valves is projected to witness modest growth by the end of 2019. A new market research report by Future Market Insights (FMI) suggests that the increasing exploration activities for new water sources will predominantly favour the growth of market over coming years.

The steady expansion of chemical industry and revival of oil & gas industry are also likely to play a crucial role in pushing sales of industrial valves at a global level. FMI’s report shows that abundant opportunities exist in chemical, and water & wastewater industries.

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By type, the gate type of industrial valves segment is expected to hold prominent value shares of the global industrial valves market. The globe valve segment is expected to be the prominent segment throughout the forecast period. Gate valves, closely trailed by globe and ball valves, are identified to remain the sought-after industrial valve types throughout the forecast period. Several manufacturers are, however, focusing on investments in globe industrial valves. FMI’s research also highlights visibly growing market attractiveness of butterfly valves across industries.

The analysis of industrial valves market based on materials reveals cast steel, carbon steel, and stainless steel remain the preferred materials among manufacturers of industrial valves, which collectively account for ~85% shares in the revenues. Bronze is likely to emerge lucrative as a material of choice, over the years to come, as shown by report findings.

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Market in APEJ Projected for Remunerative Growth

The market in Asia Pacific excluding Japan (APEJ) is expected to exhibit lucrative growth potential in the global industrial valves market over the forecast period of 2019-2029. According to the report, this growth is propelled by the rapid growth in the oil & gas industry in countries of APEJ such as India and China, and ASEAN Countries, among others. The economic condition of these countries have been positively developing.

Owing to the effects of macroeconomic factors such as growing population, urbanisation, and rapid industrialisation, the confidence of investors and investments in housing and other residential projects across APEJ has increased drastically. The region’s chemical has considerable momentum over the past few years. This overall scenario is translating into modest growth in the demand for valves across the multiple industries, eventually pushing the market growth potential of APEJ.

Industrial Valves Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global industrial valves market such as GE Company, Emerson, Flowserve Corporation, Schlumberger Limited, TechnipFMC Plc, KSB SE & Co. KGaA, x KITZ Corporation, Alfa Laval Corporate AB, Curtiss-Wright Corp., CIRCOR International, Inc., IMI Plc, Mercer Valve Co., Inc., National, Oilwell Varco, Inc., Weir Group Plc., Neway Valves, AVK International A/S, Flowserve Corporation, and LESER GmbH & Co. KG, among others.

The global industrial valves market is significantly consolidated, with some players holding prominent shares of the market. These players are offering industrial valves under their popular brands such as Cameron, and World Valves, among others.

Industrial Valves Market – Key Research Findings

The global industrial valves market size in 2018 was ~US$61 Bn.
The industrial valves market is expected to grow at a CAGR of ~4% during the forecast period of 2019-2029.
Besides adoption of automatic functions of valves, the increasing demand for manual structures has been recently driving the sales of industrial valves.
Collectively, Asia Pacific Excel. Japan and North America are likely to account for ~70% of the revenue shares in the industrial valves industry by the end of 2029.
- North America, attributed to the powerful presence of the oil & gas industry, will continue to be a prominent regional market for industrial valves manufacturers.
The oil & gas industry is estimated to remain the prominent end-use industry for industrial valves market players.
- The oil & gas industry has witnessed significant growth in the recent past, and the revival of the oil & gas sector has been noteworthy.
- Noteworthy application potential of industrial valves has been identified in the water & wastewater treatment.

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Power Tools Market – Global Revenue Growth Expectations in the Near Future

The size of the global power tool market is projected to be US$ 33.36 billion in 2021. As more cordless power tool sales are made, the demand for power tools will increase by 5.1 percent CAGR between 2021 and 2031.

The demand for electric power tools and portable power tools will increase exponentially over the next few years, according to the most recent Future Market Insights (FMI) analysis. Demand for handheld and pneumatic power tools will also increase due to their growing use in the automotive, construction, aerospace, and other industries.

Additionally, the report projects that sales of power tools will account for roughly 7% to 8% of the global tooling market.

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The global power tools market is expanding at a significant rate on the back of consumer inclination towards cordless power tools. This is anticipated to remain the key defining factor in the power tool market. As per Future Market Insights (FMI) analysis the global power tools market is expected to be reach US$ 33.36 Bn in 2021. The demand is expected to soar as construction activities surge around the world. According to FMI, construction applications will account for maximum sales in the market through the forecast period. Besides this, the rising trend of do-it-yourself activities will fuel sales opportunities for the market.

The COVID-19 pandemic has severely affected the global economy. Resulting in manufacturing plants shutdowns, coupled with supply chain disruptions owing to nationwide lockdowns across the globe, subsequently resulting in the plunge in the power tools market growth. However, the market is expected to recover sharply as the economic activities resume post the containment of pandemic. Manufacturers are focusing on scaling up their production capabilities with improved production rate creating positive prospected for the power tools market growth.

Key Takeaways of Global Power tool Market Study

Power tools market will exhibit growth of 0.2% in 2021 over 2020 to reach 4,3%
Overall outlook remains positive as FMI forecasts the market to rise at ~5.1% between 2021 and 2031.
U.S. is expected to spearhead growth in North America, accounting for over 62% of overall share in the region in 2021
U.K. is expected to exhibit 4.6% year-on-year growth between 2021 and 2031
Outlook for Italy and France is expected to remain positive over the forecast period

“The power tools market is witnessing a strong growth trend, attributing to increasing demand from various end use industries. Key industry participants are focusing on developing partnerships with regional distributors in order to gain a competitive advantage in the evolving global market. To comply with the advent of online sales channel, adoption of e-commerce will create extensive opportunities for market participants during the forecast period.” says FMI analyst.

Global Power tool Market Competitive Landscape

The global power tools market is highly competitive market owing to presence large number of global and regional players operating in the market. Manufacturers are focusing on research and development for innovative improvements in their product portfolio, expansion in untapped markets coupled with developing their business via e-commerce platforms to gain competitive edge. Some of the leading manufacturers of power tool market are Robert Bosch GmbH, Stanley Black & Decker Inc., Makita Corporation, Techtronic Industries Company Limited, Koki Holding, Co., Ingersoll Rand Inc., Apex Tools, Hilti Corporation, Snap-on Incorporated, among others.

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Valuable Insights into Global Power Tools Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global power tools market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the power tools market based on backing product type (drilling tools, fastening tool, heat gun, angle grinder, chain saw, orbital sander, jigsaw, impact wrench, circular saw), technology (electric and pneumatic), application (manufacturing, MRO services, DRO, construction), and sales channel (offline and online) across six regions (North America, Latin America, Europe, East Asia, South Asia, and the Middle East and Africa).

Key Segments

Product Type

Drilling Tool
Fastening Tool
Heat Gun
Angle Grinder
Chain Saw
Orbital Sander
Jigsaw
Impact Wrench
Circular Saw

Technology

Electric
- Corded
- Cordless
Pneumatic

Application

Manufacturing
- Metal Fabrication
- Automotive
- Railways
- Aerospace
- Furniture
- Others
MRO Services
- Facility Management
- Automotive
- Aerospace
- Other Industrial
DIY
Construction

Sales Channel

Online
Offline

Region

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

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Variable Frequency Drive (VFD) Market – Business Opportunities and Global Forecast to 2031

In recent years, the variable frequency drives (VFD) market has seen significant growth, owing to increased opportunities for infrastructure development in emerging regions, which has boosted demand for heating and ventilation systems. VFD development is currently shifting toward offering industry-specific solutions with the goal of lowering costs and reducing operational downtime, prompting a slew of manufacturer innovations.

Variable frequency drives, particularly in critical environments and the industrial internet of things, are becoming more common in Industry 4.0. (IIot). As factories embrace automation, variable speed drives with embedded logic as onboard programmable logic controllers are becoming more common.

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One of the IIoT advantages of using VFDs is improved remote access. Technicians can remotely monitor project and equipment conditions, and workers receive alerts faster, allowing them to correct anomalies on time. It is also possible to perform predictive maintenance and real-time monitoring.

The global automotive industry has made prolific advances in the recent past. Emerging as a multibillion-dollar industry, the autonomous market is characterized by the emergence of a plethora of start-up investments. Consequently, the adoption of high-end HVAC systems and pumps has registered an impressive uptick. According to FMI’s projections, the aforementioned segments collectively accounted for nearly US$ 10 Bn as of 2019.

Prolific growth opportunities exist in the Chinese market, owing to an ever mushrooming automotive industry. Future Market Insights estimates the economic giant to produce 4.5 million variable frequency drives by 2021-end, as production cycles revert to normalcy in the aftermath of the coronavirus crisis. Hence, manufacturers are introducing a slew of technological innovations to tap this ever-expanding opportunity, thus generating powerful revenue ecosystems across the forecast period.

As a result of these advancements, leading manufacturers are increasing R&D to produce smart VFDs. For example, Applied Machine & Motion Control (AMMC) sells the Yaskawa Microdrive collections J1000 and V1000. Such developments are expected.

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Key Takeaways of Variable Frequency Drives Market Study:

AC drives adoption surging in popularity by drive type; set to acquire 260 BPS by 2031-end U.S. and Germany to emerge as highly lucrative markets, owing to growing EV sales Growing concerns over excessive power consumption compelling automotive manufacturers to invest in low-voltage VFDs Regenerative applications to find growing applications, reaching nearly US$ 15 Bn by 2021-end Pumps and HVAC systems to collectively expand at a value CAGR worth 13% from 2021-2031

“Rapidly expanding infrastructure for capital projects are attracting frequent capital investments, attributed to the increasing scale of urbanization. Hence, automotive sales are rising, leading to widening revenue pools for VFD manufacturers,” says the FMI analyst.

Competitive Landscape

The variable frequency drives market is a highly competitive market, with a sizeable presence of both global as well as domestic players. However, key players account for nearly half of the market share. It is characterized by large supplier base and strong B2B networks.

The market has robust partnerships throughout the value chain. Suppliers of variable frequency drives adopt acquisition and regional expansion strategies to establish a foothold. Brand consciousness and aggressive marketing make it challenging for new entrants in the variable frequency drives market.

Variable frequency drives Market : Segmentation

Drive Type

AC Drive
DC Drive

Voltage Range

Low Voltage
High Voltage

Application Type

Standard
Regenerative

End-use Application

Pumps
Fan
Compressor
Conveyor
HVAC
Others

End-use Industry

Oil & Gas
Food processing
Automotive
Mining & Metals
Pulp & Paper
Others

Region

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

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