Retail Analytics Market is accounting for a CAGR of nearly 17.4% during 2022 – 2032

The Retail Analytics Market revenues is estimated at US$ 9.3 Bn in 2022 and is anticipated to grow at a CAGR of 17.4% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach US$ 47 Bn. Market revenue through Customer Management function is expected to garner a CAGR of 17.2% during 2022 – 2032.  

Retail analytics holds the potential to significantly improve advertising campaigns. It can help with client focus by determining the ideal client based on data gathered on current and previous clients’ location, age, inclinations, buying styles, and other critical variables.

Customized advertising in the retail industry is becoming more common, and it necessitates a thorough understanding of specific customer preferences. With retail research, businesses can develop approaches that are focused on specific clientele, increasing the success of such marketing initiatives.

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To gain an advantage, retailers can use retail analytics to anticipate customer needs and business upgrades. Retail research is the most popular method of following business data, such as stock levels, consumer behavior, and marketing estimates, in order to make more informed, critical decisions. This includes providing experiences to understand and streamline the inventory network, buyer behavior, deal patterns, functional cycles, and overall execution of the retail business.

Organizations are setting up analytics capacities very quickly to focus on business reactions to COVID-19 difficulties and plan for what will come. Organizations should use strong information and insightful capacities to foresee and follow up on fluctuating baselines during and post-COVID-19. The retail market is turning out to be increasingly competitive, and it has become important to streamline business processes while fulfilling client assumptions.

Data Analytics is being carried out at all phases of the retail interaction; it assists with monitoring every arising item, estimate deals and anticipate future interest. It can likewise be utilized to advance arrangements of offers and items through the intensity planning of clients. Utilizing analytics, clients who are keen on unambiguous products can be recognized rapidly and actually founded on their past purchases. This assists retailers with making targeted marketing campaigns.

“The rising need for price optimization strategy is speeding up the development of the Retail Analytics Market” comments a Future Market Insights analyst.

Competitive Landscape

The Retail Analytics industry is fiercely competitive, and top competitors are continually implementing new strategies to obtain market domination. Key players of the industry are Microsoft, IBM, Oracle, Salesforce, SAP, AWS, SAS Institute, Qlik, Manthan, Bridgei2i, MicroStrategy, Teradata, HCL, Fujitsu, Domo, Google, FLIR Systems, Information Builders, 1010Data.

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Some of the recent developments of key players in the Retail Analytics Market are as follows:

  • In March 2021, Trax Ltd. and Roamler partnered to supply consumer packaged goods firms with store auditing services. It aids in increasing product availability on store shelves and allows businesses to access real-time data and make decisions to improve shopper experiences.
  • In June 2020, Microsoft and SAS Institute established a broad strategic relationship in technology and go-to-market. Both firms will transition SAS Institute’s analytical products and industry solutions to Microsoft Azure as the chosen cloud provider for SAS Cloud as part of the partnership. Microsoft has teamed up with SAS Institute to bring SAS industry solutions to its customers via the cloud.
  • In Feb 2020, MicroStrategy and Yellowbrick Data, an enterprise data warehouse vendor announced a partnership that would see a Yellowbrick Data warehouse integrated with the Microsoft 2020 analytics platform. The objective of this partnership is to make searches faster and deliver better data insights.

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Retail Analytics Market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Retail Analytics Market by Solution (Software, Services), By Function (Customer Management, Merchandising, Store Operations, Supply Chain, Strategy & Planning), By Enterprise Size (SMEs, Large Enterprises), By Deployment Model (On-Premise, Cloud), By Field Crowdsourcing (On-shelf availability, Documentation & Reporting), Promotion Campaign Management, Customer Insights), across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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Market Segments Covered in Retail Analytics Software Industry Analysis

By Solution:

  • Software
  • Service
    • Training & Consulting
    • Integration and Deployment
    • Managed Services

By Function:

  • Customer Management
  • Merchandising
  • Store Operations
  • Supply Chain
  • Strategy & Planning

By Enterprise Size:

  • SMEs
  • Large Enterprises

By Deployment Model:

  • On-Premise
  • Cloud

By Field Crowdsourcing:

  • On-shelf availability
  • Documentation & Reporting
  • Promotion Campaign Management
  • Customer Insights

By Region:

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

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Cryogenic Valves Market is likely to reach a valuation of US$ 5,523.5 Mn by 2032

Over the forecast period of 2022-2032, the cryogenic valves market is expected to grow at a CAGR of 4.8% and reach a valuation of US$ 5,523.5 Mn by the end of 2032. Rising demand for cryogenic gases from various end-use sectors is estimated to drive growth in the global market over the forecast period. Development of new technologies and increasing investments in gas-based power plants are also set to push the market globally. Moreover, expansion of the food & beverage and chemical sectors in Asia Pacific is creating new opportunities for market players.

Besides, growth can be attributed to ongoing expansion of the industrial and healthcare sectors worldwide. Increasing demand for cryogenic gases such as LNG and liquid helium in rockets is likely to augur well for the global market. Also, MRI machines require cryogenic cooling, while the food sector needs to store large quantities of food, which would aid growth. Increasing development of green energy worldwide is also expected to drive growth.

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Moreover, increasing demand for energy across the globe is likely to aid the global market. Governments of various emerging economies are taking several initiatives to accelerate power production and develop their infrastructures. As per the India Brand Equity Foundation (IBEF), by 2022, the country is likely to become the world’s third largest construction market. India is estimated to need investments worth US$ 777.73 Billion across infrastructure for a sustainable development by 2022. These factors are projected to help the global market to grow at a rapid pace.

Key Takeaways from Market Study

  • By valve type, the gate valves segment is expected to grow at a CAGR of 9% during the forecast period.
  • By gas, the LNG gas segment is anticipated to dominate the market and account for about 1/3rd of share.
  • By end use, the power & energy segment is projected to lead the cryogenic valves market and create an absolute dollar opportunity worth US$ 128.8 Mn during the forecast period.
  • In terms of region, sales of cryogenic valves in South Asia & Pacific are estimated to exhibit a CAGR of 0%.
  • The China cryogenic valves market is estimated to grow at a CAGR of 7% in the assessment period.

“Increasing implementation of stringent regulations for emission control in the power generation sector and rising adoption of refrigeration systems in the F&B sector are creating new growth opportunities for cryogenic valves manufacturers,” says a Future Market Insights analyst.

Competitive Landscape: Cryogenic Valves Market

Some of the key players in the global market are Flowserve Corp., Herose, Emerson Electric, L&T, Samson, Cryocomp, Habonim, Parker Hennafin, Bray Corp.,Velan, Weir Group, Powell Valves LTD., BAC, Kitz Corporation, Mack Valves, YPS Valves Ltd, and OMB Valves SpA among others. Manufacturers are strategically collaborating with technology partners for maintaining strong relations. They are also looking forward to helping the oil and gas industry by providing technologically advanced products.

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Get More Insights on the Cryogenic Valves Market

The research report analyses the market demand trend for the cryogenic valves. The global market is based on macroeconomic factors, market trends & market background. As per Future Market Insights’ research scope, the cryogenic valves market report is studied and analyzed in the following segments such as by valve type, by gas, end use & regions. The cryogenic valves market report gives us qualitative and quantitative information about the companies.

Key Segments Covered in Cryogenic Valves Market Analysis

By Valve Type:

  • Globe Valve
  • Gate Valve
  • Check Valve
  • Ball Valve
  • Others

By Gas Type:

  • Nitrogen
  • LNG
  • Oxygen
  • Hydrogen
  • Liquid Petroleum
  • Ethylene

By End Use:

  • Food & Beverage
  • Healthcare
  • Chemicals
  • Energy & Power
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia and Pacific
  • Middle East & Africa
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About the Industrial Automation Division at FMI

The industrial automation division of FMI offers a novel approach and innovative perspective in analyzing industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial and special purpose machinery across manufacturing sectors and distinctive analysis about installed base, consumables, replacement, USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders and channel partners when it comes to sustain, grow and identify new revenue prospects.

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Micro CHP Market is projected to grow at a CAGR of 7.2% between 2022 and 2032

The global micro CHP market is projected to grow at a CAGR of 7.2% between 2022 and 2032, totalling around US$ 2 Billion, according to a recently published study by Future Market Insights. As of 2022, the market is slated to be valued at US$ 1 Billion.

With strict governance in reducing extreme climatic conditions, implemented by technology variations in the energy sector, coupled with high efficiency, lower fuel intake and increased power manifestations across applications, will fuel industry growth.

Heat generation across residential and commercial sectors to rev up energy efficient systems with waste heat generation, is the ubiquitous driving force of the micro CHP system. An additional driving resultant of the micro CHP Market is the reduced maintenance and operations undertaken.

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Between 10 and 50 kW capacity, micro CHP is considered the rising technological initiative which combines both, heat generation and sustenance with energy efficiency that aids the streamlined market estimates. The sustained generation of heat in schools, military units and hospitals, directed a thrust by technology, aids the ongoing industry growth.

A recent surge in line with energy-efficient products and fervent utilization of domestically generated energy resources is on the anvil.  Micro-Cogeneration (m-CHP) systems offer higher efficiency than typical conventional electrical power generation, making them bigger  contributors to reducing environmental leakages, saving energy, and drastically cutting overall heating and electrical costs. Poised with natural gas and LPG as the primary heat source, the micro CHP industry is looking forward to a sustainable ecosystem. Features such as environmental eco-friendliness and cost efficiency and anti-corrosive output will prove to fuel growth in the industry.

Key Takeaways from the Market Study

  • Stirling engine-based micro CHP industry size is projected to observe over 8% CAGR through 2032
  • From 2017 to 2021, demand for micro CHP experienced noteworthy expansion, clocking a CAGR of 6.7%
  • By fuel, oil-fuelled micro CHP systems sales to proliferate at a 6.7% CAGR until 2032
  • Gas-fuelled micro CHP to acquire surging popularity, forecast to grow at a 6.5% CAGR
  • North America to account for more than 2/5th of global micro CHP market revenue in 2022
  • Asia Pacific to be one of the most promising markets, recording a 7% value CAGR

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“With growing infusion of capital from the private and public sector and lying at the forefront a favourable climate for pursuing tech upgrades, abetted by strict governance in reducing climate extremities, work upholds in unison for uplifting growth in the micro CHP market”, remarks the FMI analyst.

Competitive Landscape

Major players operating across the micro CHP industry rely on strategic partnerships, contracts, mergers, and acquisitions, which will positively influence the market trend. Besides, offering new product lines also keeps players in good stead. Some notable examples are as follows:

  • As a principal manufacturer of high-efficiency heating and renewable energy systems, Viessmann offers on display comprise a complete range of heating solutions designed for today, that meet the energy challenges of tomorrow. All of our products are designed with the future in target, and built to last so you can enjoy many years of worry-free home comfort. Viessmann also offers mobile and smart home solutions to add control and convenience, so you can save time and money and help reduce the environmental effect.
  • For providing micro CHP (micro combined heat and power), Axiom Energy Group generates heat and derives electricity on site. Plus, these systems are used in heating homes, commercial buildings and for heating pools. Generating electricity on site helps save money. Micro CHP systems of Axiom are powered up by a liquid cooled internal combustion (IC) engine with operating fuel as propane or natural gas.

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Key Segments Covered in the Micro CHP Industry Report

Micro CHP Market by Capacity:

  • Micro CHP less than 2kW
  • Micro CHP from 2 kW to 10 kW
  • Micro CHP from 10 kW to 50 kW

Micro CHP Market by Fuel:

  • Natural Gas & LPG-powered Micro CHP
  • Coal-powered Micro CHP
  • Renewable Resources-powered Micro CHP
  • Oil-powered Micro CHP
  • Other Fuel-powered Micro CHP

Micro CHP Market by Prime Mover:

  • Stirling Engine-based Micro CHP
  • Internal Combustion Engine-based Micro CHP
  • Fuel Cell-based Micro CHP
  • Other Prime Mover-based Micro CHP

Micro CHP Market by Application:

  • Micro CHP for Residential Applications
    • Space Heating/Cooling
    • Water Heating
    • Cooking
    • Lighting
    • Others
  • Micro CHP for Commercial Applications
    • Educational Institutes
    • Office Buildings
    • Healthcare Buildings
    • Others

Micro CHP Market by Region:

  • North America Micro CHP Market
  • Latin America Micro CHP Market
  • Europe Micro CHP Market
  • East Asia Micro CHP Market
  • South Asia Micro CHP Market
  • Oceania Micro CHP Market
  • Middle East & Africa Micro CHP Market

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More Insights Available

FMI in its new offering, presents an unbiased analysis of the global micro CHP market, presenting historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study provides an in-depth analysis of the market on the basis of capacity  (Less than 2KW, 2-10 KW and 10-50 KW), fuel (natural gas &LPG, coal, renewable resources, oil), and prime mover (stirling engine, internal combustion engine, fuel cell and others) across seven major regions (North AmericaLatin AmericaEuropeEast AsiaSouth Asia, Oceania and Middle East & Africa).

FMIs Domain Knowledge in Industrial automation

Our industrial automation team guides organizations at each step of their business strategy by helping you understand how the latest influencers account for operational and strategic transformation in the industrial automation sector. Our expertise in recognizing the challenges and trends impacting the global industrial automation industry provides indispensable insights and support – encasing a strategic perspective that helps you identify critical issues and devise appropriate solutions.

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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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Floating Docks Market 2022 Expectations & Growth Trends Highlighted Until 2028

A floating dock, also known as dry-dock, is a part of a dock system. It has the ability to submerge to a sufficiently adequate depth, which enables cargo or a vessel to coast in and be anchored in position close to the entryway and push out the water. Another benefit of a floating dock is that proprietors do not need to tie up the dock systems at the harbourfront.

Instead, they can put it on the floating dock. Floating docks are used for residential, commercial and industrial applications for ferry landings, fuelling cargos, helicopter landing pads and others. Furthermore, they are also used for the repair or maintenance of large cargo tankers, carriers or icebreakers.

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Dock systems, such as floating docks, are important as they benefit in making tasks, such as loading or unloading, repair and maintenance, easier for export and import business. The efficient transportation of goods has always been a topic of concern in the export and import business, which is increasing year-by-year, thereby fuelling the demand for these docks.

The to or fro movement of cargo can cause the separation of the cargo from the doc, in which case, these docks help stabilise the cargo or the ship, thus offering the smooth transition of goods or passengers from the ship/cargo to the dock or the shore.

In addition, these docs eliminate the necessity of hiring either expensive skilled labour or economical less-qualified manpower, which is likely to result in hampering the quality of port operations. Moreover, these docs offer cost-efficiency as they provide a solution that is safer, offers better performance and can also be considered a good return on investment.

With state-of-the-art design features, floating docks are built to last and deliver maximum performance in minimum downtime, hence, the aforementioned factors are expected to significantly drive the market during the forecast period.

The supply chain scenario for floating docks market can be perceived both strong as well as weak. In the recent years, the integration of the supply chain has emerged as a trend in the import-export business. Terminal operators, shipping companies and logistics providers are going global and gaining more bargaining power.

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In addition, globalisation and the developing world economy are estimated to fuel the growth of the global freight transport market in the years to come, which is, in turn, expected to drive the market.

Moreover, these docks are replacing old dock systems, which is, in turn, stipulated to drive the demand for the same during the forecast period.

European standard EN 1398 focuses on the quality of products during handling as well as the safety of employees. Hence, the usage of floating docks is estimated to gain significant traction over the forecast period in the region.

The Middle East Africa is expected to witness a higher CAGR by value as compared to Japan over the forecast period. Furthermore, the growing e-commerce industry in North America and the role of freight forwarding for the transportation of goods via the sea is estimated to fuel the growth of the market in the coming years.

Moreover, increasing private-public partnerships in Latin American, countries, such as Colombia and Ecuador, has resulted in the expansion of the coastal lines, which is contributing to an increase in the unit sales of these docks. Asian countries, such as India, China and Japan, are expected to witness above-average market growth owing to an increase in export and import businesses.

Floating Docks Market: Segmentation

On the basis of type, the global market can be segmented into the following:

  • Concrete Floating Docks
  • Metal Floating Docks
  • Wood Floating Docks
  • Plastic Floating Docks

On the basis of application, the global market can be segmented into the following:

  • Residential
  • Commercial
  • Industrial

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Traction Motors Market surpassing valuation of 30.0 Billion by 2032

The global traction motor market are projected to grow at a CAGR 13.0% between 2022 and 2032, surpassing valuation of 30 Billion dollars by the year 2032 when it is expected that global sales will reach 12-15%. The overall demand for these high performance motors from diverse industries such as automotive or electric & electronics has helped fuel growth in this market segment where there was previously little competition until recently with introduction new technology which made some older models obsolete

Rising Sales of BEVs and PHEVs Foster Market Growth

The global Traction Motors Market is growing rapidly, mainly due to the rising demand for eco-friendly transport options. Electric vehicles (EVs) have become an integral part of the automotive industry as the world moves towards a more sustainable future. Rising sales of battery-electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) are a major driving force behind the market growth.

Besides, the introduction of sustainable hybrid technology as alternative fuel escalates the market demand. Stricter government regulations and initiatives to control vehicle emissions and pollution levels and promote electric vehicle usages boost the market size. According to Future Market Insights (FMI), the global Traction Motors Market is expected to register a significant CAGR during the review period (2022-2032).

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Proliferation of Sustainable Electric Mobility Create Significant Market Opportunities

The automotive industry worldwide is moving towards manufacturing ultra-lightweight, more sustainable vehicles that are innovative and affordable, increasing the global electric traction motor industry share. Governments in countries worldwide have realized the potential of electric vehicles. Resultantly, many of them have initiated new policies and proposals for e-mobility infrastructures.

Such initiatives have helped them meet their goals to address climate change and net-zero carbon targets. Additionally, large-scale uses of hypercars and increasing government initiatives to revolutionize e-mobility influence the market growth. Simultaneously, the government incentive programs to encourage EV manufacturers for increased hybrid electric vehicle production impact market growth positively.

High Manufacturing Cost is a Major Headwind Impeding Market Growth

The high costs of these traction motors are a major factor impeding the market growth. Also, volatility in price and the demand-supply gap in raw materials required for production affect market health. Nevertheless, technological upgrades expected in the recent future would support market growth throughout the assessment period, offering cost-competitive manufacturing techniques.

COVID 19 Impact on the Market

The onset of COVID 19 affected the electric traction motor industry severely. Lockdown mandates implemented to control the virus spread disrupted the supply chain severely, making industry players face various problems, including obtaining raw materials & and components, attracting workers from quarantines required for the production, and delivering end products to the market.

At the same time, the rising demand for healthcare products to treat patients affected with Coronavirus offered substantial opportunities, driving the uptake of electric mobility in the logistic industry. Resultantly, the Traction Motors Market is rapidly returned to normal, witnessing the steadily increasing demand. The market demand is anticipated to pick up further following the uplift of the lockdown in many countries.

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Segments

The market is segmented into types, power ratings, applications, and regions. The type segment is sub-segmented into AC motors and DC motors. The AC motor segment accounts for the largest market share, witnessing the high demand from electric vehicles and railway sectors.

The power rating segment is sub-segmented into <200 kW, 200 kW to 400 kW, and >400 kW. The application segment is sub-segmented into railways, electric vehicles, elevators, conveyors, industrial machinery, and others. By regions, the market is sub-segmented into Americas, Asia Pacific, Europe, and rest-of-the-world.

Regional Analysis 

Asia Pacific dominates the global Traction Motors Market, mainly due to the rising popularity of alternative fuel vehicles. Besides, growing investment in rolling stock and focus on electric vehicles to reduce carbon emission drive the Traction Motors Market growth. Supportive government plans to improve manufacturing sectors boost the Traction Motors Market size.

Massively increased production and sales of e-vehicles in the region create lucrative growth opportunities. Also, increasing foreign direct investments and heavy investments by key players for advanced product developments are major factors impacting the Traction Motors Market revenue.

To tackle the increased fuel costs, the customers in this region prefer hybrid vehicles. Additionally, advancements in EV technologies and devices used for electric vehicles, alongside increasing government initiatives and stringent policies, and affordable prices of electric vehicles are major driving forces behind the growth of the Traction Motors Market value.

Increased government support for the hybrid electric vehicle industry in the region fosters market growth. Moreover, the underperforming and overburdened public transports system in India and China fosters market growth. China, India, and Japan account for major Traction Motors Market shares in the APAC, resulting in a continual increase in private automobiles.

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Key Market Segments Covered in the Traction Motors Industry Research

Application:

  • Transportation
  • Industrial machinery and equipment
  • Others

End Users:

  • Hybrid vehicles
  • Compact construction equipment
  • Escalators
  • Elevators
  • Other (Washing machines, Electric Aircraft, etc.)

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East & Africa

Competitive Analysis  

List of leading companies profiled in the global Traction Motors Market include-

  • Aisin
  • ABB
  • Alstom
  • General Electric
  • Continental
  • Mitsubishi
  • Magna International
  • Toshiba

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Highly competitive, the Traction Motors Market appears fragmented due to the presence of several well-established players. To gain a larger competitive share, players incorporate strategies like mergers & acquisitions, collaboration, expansion, and technology/product launch.

For instance, on June 11, 2022, Ideanomics (the US) announced the completion of its previously reported acquisition of US Hybrid, a manufacturer and distributor of electric powertrain components and fuel cell engines for medium and heavy-duty commercial fleet applications. The acquisition is another critical milestone in Ideanomics’ mission to reduce commercial fleet greenhouse gas emissions through advanced EV technologies and forward-thinking partnerships.

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District Cooling Market is reaching US$ 1.28 Bn by 2032

With an estimated CAGR of 3% during the projected period, the district cooling market share is expected to reach US$ 1.28 billion by 2032, finds a recent report published by FMI. The study finds that the rising demand for energy-efficient cooling technology proportionately reflects on the adoption of district cooling.

Asia Pacific and South America, impressive demand for district cooling technology is being observed in recent times. Rapid urbanization and changing climatic conditions are the propellers for adopting central cooling systems in the significant buildings of these regions. The global District Cooling System industry is expected to grow at a 3 percent CAGR, reaching US$ 1.28 Bn by 2032 from US$ 930 Mn in 2021.

“Due to the current coronavirus outbreak, healthcare facilities will increasingly utilise energy-efficient district cooling systems.” Governments enforce stricter GHG emission limitations, improving the prospects for the Middle East district cooling sector.”

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Moreover, the global concern for rising temperatures and environmental pollution has inspired governments to implement more sustainable methods of energy utilization. As a result, the district is heating and cooling markets are emerging as the energy-efficient and environment-friendly alternative against traditional refrigerators in almost every world.

Asia Pacific nations are at the forefront of adopting green energy consumption methods, which translates into the highest growth potential for the regional market.

The adoption of district cooling systems around the world has stemmed from rapidly rising temperatures and the proven viability of district cooling plants over time. However, the study finds that the district cooling market in Asia Pacific has shown an impressive growth. With an increasing awareness of the need for energy conservation, a District Cooling Plant concept has acquired even more traction.

The sales of district cooling are likely to rise as the need for energy-efficient technologies rises to meet the ongoing construction boom.

Continued deployment of viable and sustainable cooling systems to accomplish energy-saving targets and increased production of sustainable building solutions is anticipated to support the district cooling industry.

Furthermore, the growing use of renewable technology, combined with strict regulatory requirements to reduce pollution, would spur the district cooling market growth. Furthermore, severe climate circumstances would encourage district cooling due to rising surface temperature levels in the Middle East, Central Europe, and South Asian nations. Furthermore, over the forecasted period, total demand is increasing.

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The population in tropical and hot temperature zones requires cooling to be more comfortable, particularly during the summer. As a result, air conditioner ownership is on the rise in these areas, according to the International Energy Agency (IEA). One of the most advanced markets for district cooling is the Middle East. The Middle East has been experiencing an increase in temperature in the summer, with temperatures exceeding 50 degrees Celsius, necessitating the adoption of district cooling.

When establishing a district cooling system, the limited availability of space for operating construction equipment is a significant construction issue. Other building obstacles include transporting equipment to a particular site and coordinating the efforts of the many contractors. One of the significant issues is ensuring that space for chiller plants and distribution pipelines is available. It isn’t easy to keep a district cooling plant running at near-total capacity all year. All-in-all, the district cooling market size is expected to reach a valuation of US$ 1.2 Bn by 2026.

Key Takeaways:

  • During the projection period, the electric chillers market is predicted to be the largest segment in the district cooling market by production technology.
  • During the forecast period, the commercial segment is likely to be the leading proportion in the sales of the district cooling market by application. The expansion of the commercial segment of the district cooling market is predicted to be fuelled by the development of new infrastructure in Middle Eastern countries and the growing requirement for businesses to decrease their carbon footprint.
  • Asia’s major markets include Japan, India, Malaysia, Singapore, China, and South Korea. The Indian government has outlined ambitious projects like Smart Cities and Smart Grid, which are anticipated to drive the market in the coming years.
  • Attributed to the increasingly affluent population and increased construction activity, the Middle East and Africa are likely to dominate most of the district cooling market opportunities, particularly in nations like the United Arab Emirates, Saudi Arabia, and Qatar.

Competitive Landscape
As a large pool of players are present in the district cooling market, the nature of the market is fragmented.

  • National Central Cooling Company PJSC (TABREED) (UAE),
  • Emirates Central Cooling System Corporation (EMPOWER) (UAE),
  • Emirates District Cooling, LLC (EMICOOL) (UAE), and
  • Qatar District Cooling Company (QATAR COOL)

are the top players in the global district cooling market.

The district cooling companies have been using strategic initiatives such as contracts and agreements, investments and expansions, partnerships, collaborations, alliances, and joint ventures to capture a larger district cooling market share.

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Tabreed, a leading district cooling company, signed a significant strategic agreement with the International Finance Corporation (IFC), a World Bank Group member and the world’s largest development agency focused on the private sector in emerging economies, in December 2021. IFC has invested more than USD 321 billion in emerging nations since its founding in 1956.
Empower signed an agreement in November 2021 to acquire Dubai International Airport’s district cooling systems, with a total cooling capacity of 110,000 refrigeration tonnes (RT), for a total value of AED 1.1 billion, using an amalgamation of internal accruals and debt financing from local and international banks with whom Empower has close strategic relationships.

Related Link :

https://www.spoke.com/topics/biocomposites-market-trends-2022-segmentation-outlook-industry-report-to-2032-637c7d01f8b2e307f3022752

https://futuremarketblog.blogspot.com/2022/11/biocomposites-market-latest-research.html

https://homment.com/GswV8EMOsgN3MULs2MdO

https://www.findit.com/xjuutjqdtnfkhsb/RightNow/biocomposites-market-latest-research-industryt/807cc43c-7b5f-42a3-9630-b07061d17d6e

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Bitumen Sprayer Market Current Scenario and Industry Growth Forecast with Major Key Players data by 2032

The Bitumen sprayer improves the safety and produces higher quality of surface with enhanced seal life, this significantly poise the demand for bitumen sprayer globally. Bitumen sprayer can be mounted on trucks and small containers depending upon the capacities of tanks, this is major feature which results in ease of application favouring bitumen sprayer market growth.

The ongoing advancement in construction industry across the globe has led to introduction of various novel & technologically efficient products, that significantly reduce the time and increases quality of work. Bitumen sprayer are used for the spreading or distributing bituminous binders across the road surface at the applicable rate and pressure.

Bitumen sprayer does not require skilled worker to operate, which is an important parameter that makes it a preferred choice across the industry. Increasing rate of civil construction (road) across the globe is poised to surge demand for bitumen sprayers. Construction industry in rural area has now turned towards adoption of new and advanced means, creating demand for technology efficient equipment such as bitumen sprayers.

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Global Bitumen Sprayer Market: Market Dynamics

Drivers

The major factors which drives the growth of global bitumen sprayer market are increasing urbanization in developed as well as in developing countries. Furthermore growth in transportation facilities in recent years is also among factors driving global bitumen sprayer market. Significant public investments in infrastructure have been witnessed in developing nations such as India and South Africa which creates growth opportunities in these markets.

Restraint

Increasing use of alternate and durable road manufacturing material like cement can be a restraint for the global bitumen sprayer market.

Global Bitumen Sprayer Market: Regional outlook

Asia Pacific is expected to hold maximum share in the global bitumen sprayer market, followed by North America and Latin America. Western Europe and Eastern Europe market are estimated to witness steady demand for bitumen sprayers.

Global Bitumen Sprayer Market: Key Players

Key players of global bitumen sprayer market involves:

  • Shitla Road Equipment
  • Ashitech Bitumen Sprayer machinery
  • ATLAS Equipments
  • Kaushik Engineering Works
  • Higgins Group Holdings Limited.
  • Rock and Road Bitumen

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

The report covers exhaustive analysis on:

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

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, N. 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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Global Bitumen Sprayer Market: Segmentation

Global bitumen sprayer market can be segmented on the basis of capacities, spray bar system and by the geographic region.

Segmentation based on capacities

  • 4Tones
  • 6Tones
  • 8Tones
  • 10Tones
  • 12Tones

Segmentation based on spray bar system

  • Single spray bar fitted with single row of nozzles
  • Single spray bar fitted with two or more than two rows of nozzles
  • Dual spray bar fitted with single row of nozzle in each bar
  • Telescopic spray bars fitted with a single row of nozzle
  • Telescopic spray bars fitted with two or more rows of nozzles.

Segmentation based on the region

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

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth 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

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Instant Cereals Market – Latest Scenario On Innovation, Revolutionary Opportunities and Top Consumers 2032

Expanding from US$ 28,945 Million of every 2022 to US$ 43,996.4 Million by 2032, the worldwide instant cereals is supposed to show a CAGR of 5.2% during the figure time of 2022-2032. The CAGR was assessed at 4% in 2016-21.

Instant cereals is a new category of food which consists of dried flakes and powders. They are produced from a number of cereals which including legumes, buckwheat, semolina, barley, rye, oats and rice amongst others. Instant cereals are rich in fiber which improves digestive function of our body. Instant cereals are very easy to make, it dissolves very easily in cold as well as hot liquids and get thick immediately to gain consistency. Instant cereals are very tasty and are high in nutritive value.

Instant cereals are also used as a thickening agent while making pastas. Instant cereals has good shelf life because of which the product don’t get damaged easily. Instant cereals are a great alternative to the conventional breakfast. Rising demand for value-added instant cereal in various countries is prompting the food manufacturers to offer healthy breakfast alternative with additional nutrients.

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Instant Cereals marketis segment on the basis of type, distribution channel and region. On the basis of type the instant cereals market is segmented into legumes, buckwheat, semolina, barley, rye, oats and rice amongst others. Among these segment oats is expected to grow to a great extent in the forecast period, as there are many ready to eat oat meal available in variety of flavors.

The demand for instant cereals is also more because if offers a great alternative to the conventional breakfast. On the basis of distribution channel the instant cereals market is segmented into supermarkets/hypermarkets, grocery stores and online stores.

Grocery stores is expected to hold a relatively higher share in the instant cereals market, followed by hypermarket/supermarket. On the basis of region the instant cereals market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and MEA.

Market Regional Outlook

Regional segment for the market of Instant Cereals is divided into seven different regions: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and MEA. Among these segment North America and Western Europe are expected to be the leader of instant cereals market share globally, and is expected to be dominant in the forecaster period.

In Europe region the countries like France, Italy and Germany are the key market for instant cereals. In terms of revenue Asia Pacific is the also expected to be a leading contributor in theinstant cereals market.

Market Drivers

Having a breakfast in ample amount of time is probably a thing of the past, especially in developing as well as the developed countries due to the speed of life which has accelerated to new levels. Working people are preferring a substitutes to the convenient breakfast that can be consumed very quickly.

Increasing participation of women in the office along with the fast paced lifestyles are all fuelling the demand for instant cereals across the globe, especially in the developed regions of North America along with the fast growing regions of Asia Pacific. The rising demand for products that has high protein content and high protein fiber is increasing dramatically in countries such as U.K and US.

In addition to that, the concept of nuclear families is making it very difficult for a working women to manage office and domestic responsibility, consequently there is very less time for making a conventional breakfast. All these factors together contributes heavily to the popularity of instant cereals that are easy to make and consume and is healthier if compared to the conventional breakfast.

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Market Key Players

Some of the key players in instant cereals market are NutreMill, Quaker, Gold Kili, Nestle, Kellogs, General mills, Unisoy, Post and Marico among others.

The report covers exhaustive analysis on

  • Instant Cereals Market Name Segments
  • Instant Cereals Market Name Dynamics
  • Historical Actual Market Size, 2015-2016
  • Instant Cereals Market Name Size & Forecast 2017 to 2027
  • Instant Cereals Market Name Supply & Demand Value Chain
  • Instant Cereals Market Name Current Trends/Issues/Challenges
  • Root Beer Players Competition & Companies involved
  • Instant Cereals Market Name Technology
  • Instant Cereals Market Name Value Chain
  • Instant Cereals Market Name drivers and Restraints

Key Segments Profiled in the Global Instant Cereals Market

Global Instant Cereals Market by Type:

  • Legumes Instant Cereals
  • Buckwheat Instant Cereals
  • Semolina Instant Cereals
  • Barley Instant Cereals
  • Rye Instant Cereals
  • Oats Instant Cereals
  • Rice Instant Cereals

Global Instant Cereals Market by Distribution Channel:

  • Instant Cereals in Supermarkets/ Hypermarkets
  • Instant Cereals in Grocery
  • Instant Cereals in Online Stores

Global Instant Cereals Market by Region:

  • North America Instant Cereals Market
  • Latin America Instant Cereals Market
  • Europe Instant Cereals Market
  • Asia Pacific Instant Cereals Market
  • MEA Instant Cereals Market

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Frequently Asked Questions

What is the Expected Market Value of the Global Instant Cereals Market during the forecast period?

What is the Projected CAGR of the Global Instant Cereals Market in the Assessment Period?

Which are the Eminent Players in the Global Instant Cereals Market?

How is the plant-based industry transitioning from a niche sector to a mainstream industry? Get the answers in Future Market Insights plant based market blog

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Premium Alcoholic Beverages Market Size, Share Production and Consumption Analysis With Forecast To 2032

The global premium alcoholic Beverages market is set to grow at a CAGR of 9.3% and top a valuation of US$ 1.7 Tn by 2032. Rising consumption of premium alcoholic beverage due to their optimal quality and introduction of novel premium alcoholic beverages brands worldwide are some of the factors providing impetus to the growth of the market.

Over the years, demand for premium alcoholic beverages has risen at a healthy pace and this trend is likely to continue during the forecast period, owing to the rising disposable income, growing awareness regarding the benefits of wine consumption, rapid surge in number of wine drinkers across the world.

Similarly, increasing demand for various types of premium alcoholic beverages such as beer, rum, and wine among millennials will create plethora of opportunities for the premium alcoholic beverages manufacturers during the forecast period.

In addition to this, easy availability of premium alcoholic beverages through online shopping platforms will positively impact premium alcoholic beverages sales over the assessment period.

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Key Takeaways from Market Study

  • The premium alcoholic beverages market size reached US$ 11.4 Bn in 2022.
  • By alcohol type, whiskey is likely to be the most remunerative segment in the global premium alcoholic beverages during the forecast period.
  • Based on sales channel, B2C to witness highest premium alcoholic beverages sales through 2032.]
  • The U.S. will continue to remain the most dominant premium alcoholic beverages market during the forecast period.
  • Demand for premium alcoholic beverages to rise at a robust pace in Japan over the assessment period.

“Growing consumer preference for nutritional beverages with optimum quality will create lucrative growth opportunities for the premium alcoholic beverages manufacturers during the forthcoming years,” says a Future Market Insights analyst.

Competitive Landscape

Key premium alcoholic beverages are constantly focusing adopting various strategies such as new product launches, advertisements, price reduction, partnerships to gain a competitive edge in the global market. For instance,

  • In 2021, Dos Equis, a Heineken USA brand, launched a Hard Seltzer named as Dos Equis Ranch Water, which is inspired by the sparkling mineral water, classic West Texas tequila, and lime. The Dos Equis brand has become the largest import brand in Texas with 16.1% growth in the past year.

Key Companies Profiled in Premium Alcoholic Beverages Market are Bacardi Limited, Diageo Plc, Pernod Ricard SA, Gruppo Campari, The Brown-Forman Corporation, The Edrington Group, Heineken N.V., Anheuser-Busch Companies,  LLC, Carlsberg A/S, Miller Coors, Others

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Premium Alcoholic Beverages Market by Category

By Alcohol Type:

  • Beer
  • Wine
  • Whiskey
  • Gin
  • Vodka
  • Rum
  • Others

By Packaging:

  • Bottles
  • Can
  • Jars
  • Tins
  • Others

By Sales Channel:

  • B2B/Direct
  • B2C/Indirect

By Application:

  • Household Segment
  • Hospitality Industry
  • Others

By Region:

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

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Frequently Asked Questions

  • What is the current size of premium alcoholic beverages industry?
  • At what CAGR is the market expected to expand through 2032?
  • How was the performance of premium alcoholic beverages over the past half-decade?
  • What is the projected valuation for premium alcoholic beverages by 2032?
  • Who are the key players operating in the market?
  • Which are the top countries driving the premium alcoholic beverages market demand?
  • What are the key factors affecting the premium alcoholic beverages market growth?

Valued at US$ 5.6 Billion in 2021, check how Plant Based Food Market is on the verge of explosive growth, in Future Market Insights latest blog

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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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Mushroom Fermenter Market Research Report- Opportunities and Challenges With Completely Different Segments, Forecast- 2032

The global mushroom fermenter market is set to witness growth rate of 5.6% over the forecast period (2022-2032), totaling around US$ 2.4 Bn by 2032.

Mushroom fermenter has a wider applicability in food and beverage, pharmaceutical, and cosmetics and personal care industries. It offers various benefits such as providing sufficient nutritional value to the food which boost the immune system. This is expected to result in an increasing demand for mushroom fermenter in the near future.

Alongside, the usage of mushroom fermenter in cosmetics industry is on a rise since past few years. Various products including skin care and hair care items such as anti-aging creams, skin whitening lotions, shampoo, conditioner, serum, hair dyes and others are made by using fermented product of mushroom mycelium. This is predicted to result in outperforming sales of mushroom fermenter over the next half decade.

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Furthermore, fermented mushroom is also used in various pharmaceutical products and ayurvedic medicines to fight tumour and various cardiovascular diseases. Comprehending the above-mentioned factors, demand for mushroom fermenter is predicted to escalate at a significant rate over the forecast period (2022-2032).

Key Takeaways from Market Study

  • By type, mechanical agitation segment is expected to hold the largest share of mushroom fermenter market by 2032.
  • Based on application, the pharmaceutical segment will be the most remunerative in the global mushroom fermenter market during the forecast period.
  • North America is expected to dominate the global market, accounting for the largest value share of about 25% in 2022.
  • The U.S. is expected to account for around 75% revenue share of North American mushroom fermenter market by the end of 2032.
  • Demand for mushroom fermenter to rise at a healthy pace across China during the forecast period.

“The trend of veganism and consumption of healthy foods involving maximum nutritional value is anticipated to drive the mushroom fermenter market growth in the coming half decade”says a Future Market Insights analyst.

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Competitive Landscape

Manufacturers are adopting various marketing strategies such as new product launches, geographical expansion, merger and acquisitions, partnerships and collaborations to identify the interest of potential buyers and create a larger customer base.

The presence of various prominent players such as Bioengineering AG, Eppendorf AG, DCI-Biolafitte, Sartorius AG, Infors AG, MARUBISHI I&E (M) SDN. BHD., Tongling Bio, Zhenjiang Ritai, and others have increased the competition in the market. Mushroom fermenter manufacturers are focusing on introducing a wide variety of products in order to increase their consumer base and gain a competitive advantage.

Global Mushroom Fermenter Market by Category

By Type:

  • Non-mechanical Agitation
  • Mechanical Agitation

By Application:

  • Chemical
    • Flavors
    • Fragrances
  • Food
    • Nutraceuticals
    • Food Additives
    • Others
  • Pharmaceutical
    • Antibiotics
    • Antitumor Agents
    • Cardiovascular Drugs
  • Cosmetics and Personal Care
    • Skin Care Products
      • Anti-aging Creams
      • Anti-wrinkle creams
      • Skin whitening lotions
      • Moisturizers
    • Hair Care Products
      • Shampoo
      • Conditioner
      • Serum
      • Hair Dyes
      • Others

By Region:

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

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Frequently Asked Questions

  • What is Estimated Valuation for mushroom fermenter market in 2022?
  • At what rate is the global mushroom fermenter market expected to grow?
  • How are market players reacting to the new developments in the mushroom fermenter market?
  • How much share does the top 10 companies in the mushroom fermenter market hold?
  • Which are the major countries driving demand for mushroom fermenter?

Valued at US$ 5.6 Billion in 2021, check how Plant Based Food Market is on the verge of explosive growth, in Future Market Insights latest blog

About FMI

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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