Market Research Blog

Social Employee Recognition Systems Market is set to hold a net value of US$ 13.3 Bn in 2022, at a stellar CAGR of 14% for 2022-2028. The market is reach an estimated valuation of US$ 29.2 Bn by the end of 2028. Future Market Insights (FMI) has published a new market research report on social employee recognition systems.

The report has been titled, “Global Social Employee Recognition Systems Market: Global Industry Analysis (2013-2021) and Forecast (2022-2028).” Long-term contracts with large enterprises and private companies are likely to aid the expansion of business revenues, and innovation in the industry will enable social employee recognition system vendors to reach out to new potential customers in emerging markets. These factors are expected to help the global market for social employee recognition systems observe stellar growth in next few years.

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Social employee recognition system dealers can put emphasis on expanding their businesses across developing countries in MEA, SEA, and APAC. These regional markets have been steadily adopting a range of modern employee engagement and retention systems/programs. New players venturing into the social employee recognition systems market are most likely to focus on entering into partnerships and collaborations with established players. This will help them understand the demand pattern and supply chain scenario, in order to gain an attractive customer base and thereby, generate higher revenues.

The companies are also focusing on product development and innovation in order to retain their positions in the market. In March 2022, Salesforce launched a simplified software aimed at small businesses. This new software, called ‘Essentials‘, is a sales and customer service software that has been tailored specifically for small businesses. Salesforce is currently targeting small businesses by launching new, powerful, promising tools at affordable prices.

The other leading companies operating in the global social employee recognition systems market are Globoforce Ltd., REFFIND Ltd., Achievers Solutions Inc., Kudos, Inc., Madison Performance Group, and Recognize Services, Inc.

Adoption by Enterprises to Rise in an Effort to Access Multiple Benefits

The deployment of social employee recognition systems results in augmented employee satisfaction, eventually resulting in improved performance and enhanced productivity. Moreover, social recognition on a professionally used system uplifts professional profiles of employees to a great extent.

Organisations thus tend to opt for deploying social employee recognition systems for maintaining high employee withhold rates and high revenues. Social media platforms that are specifically used by working professionals and businesses, including Twitter and LinkedIn, are also being widely used to recognize employee efforts and engage with the employee apart from engaging in promotional and marketing activities.

Companies also advertise new product launches and details regarding product discounts, and new strategies and plans for future growth of employees in order to drive sales and surge brand loyalty online. Companies also connect with their business partners via these social portals and platforms on a real-time basis.

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Emerging Challenges in Keeping Employees Engaged to Inhibit Market Growth

According to the research findings included in the report, social employee recognition programmes can only be successful in an organization when it includes employees at all stages. It is a difficult task to include and motivate employees operating remotely such as salespersons and marketing staff. Companies generally implement social employee recognition solutions for employees working within the premises, due to which, employees working remotely are unable to participate in such programmes.

Key Segments of Social Employee Recognition Systems Industry SurveySocial Employee Recognition Systems Market by Distribution Type:

• Cloud Social Employee Recognition System
• In-house social employee recognition system

Social Employee Recognition Systems Market Segment by Company Type:

• Commendation system for social service personnel of large corporations
• Small business social service worker commendation system

Social Employee Recognition Systems Market Segment by Industry Type:

• Social Employee Awareness Systems for Retail and Consumer Goods
• Social Service Personnel Commendation System for Health Management
• Social Employee Awareness System for IT and Telecommunications
• Social Employee Recognition System for Travel and Hospitality
• Citation system for social service personnel for manufacturing
• Social Employee Recognition System for Media and Entertainment
• Other

Social Employee Recognition Systems Market by Regions:

• North American Social Employee Recognition Systems Market
• Latin American Social Employee Recognition Systems Market
• European Social Employee Recognition Systems Market
• East Asian Social Service Personnel Commendation System Market
• South Asia and Pacific Social Employee Recognition Systems Market
• Middle East & Africa (MEA) Social Employee Recognition Systems Market

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The global currency counting machines market is expected to grow at a CAGR of 4.7% during the forecast period, with a revenue of US$ 231.4 Mn in 2022 and a revenue of US$ 365.8 Mn by 2032.

The market for currency counting machines is expected to be driven by a number of factors, including the increasing number of fake currency production globally, the currency counting machines’ time-saving potential, rising consumer awareness about fake note detection, and various governmental regulations regarding the placement of currency counting machines in places such as banks.

Furthermore, rising demand for currency counting machines in various business & financial organizations and retail stores is expected to drive market growth. The currency counting machine was first discovered in China in 1958 by a small time banker, Zhi Tian Sie. Currency counting machines, provides a total count of all the currency, and also counts specific batch sizes for storage and wrapping.

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However, factors such as requirement of continuous power supply, high machine cost, and requirement of human interpretation to operate the machines, etc. are expected to hinder the growth of the global currency counting machines market over the forecast period.

The cash is put inside on to the machine which then counts numerous money folds in just a few seconds. Similarly, these machines also count coins and identify coin types according to their respective weights. Currency counting machines finds application in a number of places such as banks, colleges, schools, hospitals, and business organizations, etc. have large amounts of currency to be handled and thus requires incorporation of currency counting machines for precise tallying of the money.

Global Currency Counting Machines Market Segmentation:

The global currency counting machines market is segmented on the basis of types, range, application and region. On the basis of types, the global currency counting machines market is segmented into loose note counting machines, bundle note counting machines and desktop model. On the basis of Range, the global currency counting machines are segmented into basic note counter, hi speed heavy duty cash counting and intelligent counting cum counterfeit detection machines.

The global currency counting machines market is also segmented on the basis of application such as banks and financial institutions, business houses, hospitals, schools & colleges, airports, jewelers, retail outlets and showroom, hotels & restaurants and others.

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Global Currency Counting Machines Market: Regional Outlook

Geographically, the currency counting machines industry can be divided by major regions which include North America, Latin America, Western Europe, Eastern Europe, Asian-Pacific Excluding Japan (APEJ), Japan, and Middle-East & Africa (MEA). The currency counting machines market is projected to witness a considerable growth in CAGR from 2016 to 2026.

Currently, North America and Western Europe are the matured market for currency counting machines. However, Asia-Pacific, and MEA are expected to become lucrative regional market for key players operating in the currency counting machines market. FMI forecasts, the market in Asia-Pacific region is expected to grow at fastest CAGR over the forecast period.

Global Currency Counting Machines Market Players

The key players identified across the value chain of global currency counting machines market include Maxsells, Web Sec Systems, Godrej, Mycica, Cannon Electronic Systems, RDS Group, Ktron Systems, Prompt Automation and many others. The global currency counting machines market is highly fragmented with a large number of local/small-scale manufacturers operating across the globe. Major companies are focused on new product development in order to maintain the competitive advantage in global currency counting machines market during the forecast period.

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The Report covers exhaustive analysis on:

• Currency Counting Machines market Segments
• Currency Counting Machines market Dynamics
• Historical Actual Market Size, 2013-2015 for Global Currency Counting Machines Market
• Currency Counting Machines  Market Size &Forecast 2016 to 2026
• Supply and Demand Value Chain
• Currency Counting Machines Market Current Trends/Issues/Challenges
• Competition & Companies involved in Global Currency Counting Machines Market
• Technology
• Value Chain
• Global Currency Counting Machines Market Drivers and Restraints

The report is a compilation of first-hand information, qualitative & quantitative assessment by industry analysts, inputs from industry experts & 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.

Currency Counting Machines Market

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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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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The global chassis dynamometers market is anticipated to be valued at US$ 196.4 Million in 2022, forecast to grow at a CAGR of 2.5% to be valued at US$ 250.9 Million from 2022 to 2032. Growth of the market is attributed to an increase in automation. During the historical period ranging from 2016-2021, the market experienced an upswing at a CAGR of 2%.

The chassis dynamometers market is expected to gain traction over the forecast period owing to high accuracy and modularity. Chassis dynamometer is a part of test equipment involving a platform with a pair of rollers, braking absorption system and software to calculate power output. It is proficient of providing drive input and measuring output, such as torque and power at the wheels.

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Beyond this, dynamometers can also be used for a variety of engine development activities such as calibration of engine management controller. Chassis dynamometers are used by various end users such as passenger and commercial vehicles to perform tests involving emission performance, environmental performance and horsepower performance.

Chassis dynamometers are highly preferred in the developing countries owing to its benefits. Chassis dynamometers are generally available in two types, i.e., single row of rollers and double row of rollers. Chassis dynamometers are very useful for analyzing suspension problems, determining output in torque and horsepower, tuning the engine and testing vehicle performance.

Global Chassis Dynamometers Market: Dynamics

Drivers:

Accuracy of the measurement and high repetitiveness are expected to be major factors driving the growth of chassis dynamometer market over the forecast period. Moreover, possibility of the easy upgrade and the modularity of solutions are also expected to fuel the growth of the chassis dynamometer market in the near future.

Advantages of chassis dynamometers such as no limitation on the complexity of test cycle, fuel economy and exhaust emission, which can be measured simultaneously and measurement can be made over a wide temperature range, will further drive the growth of the chassis dynamometers market.

Furthermore, high labor cost and increase in automation are also expected to give traction to the growth of chassis dynamometers market over the forecast period.

Restraint:

Some chassis dynamometers may give rise to incorrect inertia loading of the vehicle owing to large intervals in inertia weight. This is expected to be a major factor hampering the growth of the chassis dynamometers market over the forecast period. Moreover, total load simulated on the chassis dynamometers may not duplicate the rolling resistance of vehicle.

This is further expected to hinder the growth of chassis dynamometers market in the near future. Furthermore, frictional and mechanical losses in various drivetrain components also act as restraining factors in the growth of chassis dynamometers market.

Global Chassis Dynamometers Market: Region-Wise Outlook

The growing automotive market in countries, such as India, China and Japan, makes Asia Pacific one of the fast growing markets for chassis dynamometer. The Asia Pacific chassis dynamometer market likely to witness high growth owing to high demand over the forecast period.

Countries such as Germany, Italy and France have witnessed economic growth for the chassis dynamometer market owing to preference of electric dynamometer over the other types of dynamometers. Over the forecast period, North America is expected to witness growth of the chassis dynamometer market due to growing consumer awareness regarding benefits of chassis dynamometers over other dynamometers.

Latin America and the Middle East also support the growth of the automotive chassis dynamometers market due to expected growth in the automobile industry over the forecast period.

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Global Chassis Dynamometers Market: Participants

Examples of some of the market participants identified across the value chain of the global chassis dynamometers market include:

• MTS Systems Corporation
• MEIDENSHA CORPORATION
• HORIBA, Ltd.
• Rototest
• Schenck RoTec GmbH
• Mustang Advanced Engineering
• Dyno Dynamics
• Maha Maschinenbau Haldenwang GmbH
• V-tech Dynamometers
• Dynocom Industries, Inc.
• Elektrodyne
• Mustang Dynamometer
• SuperFlow Dynamometers & Flowbenches

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

The report covers exhaust analysis on

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

Regional analysis includes

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

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 Chassis Dynamometers Market: Segmentation

The global chassis dynamometers market can be segmented by type and end use/application.

By type, the chassis dynamometers market can be segmented into:

• Single Row of Rollers
• Double Row of Rollers

By type, the chassis dynamometers market can be segmented into:

• Light Commercial Vehicle
• Heavy Commercial Vehicle
• Passenger Vehicle
• Racing Vehicle

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Green polyols and bio polyols are eco-friendly alcohol solutions containing multiple hydroxyl groups. Green polyol is derived from recycled polyethylene terephthalate (PET) and polyurethanes, while bio polyol is extracted from different vegetable oils such as canola, castor and corn.

Polyether polyols and polyester polyols are the two primary types of green polyols and bio poyols which are commonly used. These products are used in series of applications such as adhesives, sealants, coatings, and polyurethane foams (flexible & rigid). Different end-user consumers of these polyols include packaging, construction, transportation, furniture and carpet among others.

The demand for green & bio polyols market has been majorly growing from certain end user industries such as transportation and construction. Several growth factors such as availability of raw materials and increasing prices of crude oil leading to price rise in conventional polyols have contributed to the growth of the market.

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Other factors such as the lower carbon footprint have also lead to a higher sustainability for green polyols and bio polyols. However, lack of technology and desired effects as compared to conventionally used polyols is expected to slow down the growth of the green polyol and bio polyol market.

North America is the largest consumer of green polyols and bio polyols where soybean and corn are the commonly used raw materials to manufacture bio polyols.

Future market growth is expected to be from emerging regions such as Asia Pacific with growth of the end-user industries such as automotive and packaging, which are also expected to provide growth opportunities to the market.

Arkema S.A., BASF SE, Biobased Technologies LLC, Bayer MaterialScience, Cargill Inc., Global Bio-Chem Technology Group Co. Ltd., Emery Oleochemicals (M) Sdn Bhd, Johnson Controls Inc, and Jayant Agro Organics Ltd. are some of the key industry manufacturers dominating the green polyol and bio polyol market.

This research report analyzes this market depending on its market segments, major geographies, and current market trends.

Geographies analyzed under this research report include 

• North America
• Asia Pacific
• Europe
• Rest of the World

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About Future Market Insights (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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The waterproofing market in Asia Pacific is expected to be worth US$ 11,568.5 million by 2032. The region’s booming building and construction sector has increased the demand for value-added waterproofing chemicals.

According to FMI, the Asia Pacific waterproofing chemicals market is estimated to reach US$ 4,327.20 Mn in 2022 and grow at an 8.2% CAGR from 2022 to 2032.

Excess water penetration in buildings can shorten theirlife span, thus leading to electrical, metal and health hazards. Waterproofing chemicals are a specific set of products that protect the structural integrity of buildings from water penetration. Asia Waterproofing chemicals increase the shelf life of concretes and offer durability to infrastructures when applied to the exterior of a foundation system. These functions lower the maintenance cost of buildings. Rise in construction cost and raw material are the driving factors for the waterproofing industry.

Polyurethane, elastomeric coatings, expanded polyethylene, polysulphide sealants, and acrylic polymer are some of the important waterproofing chemicals. These chemicals are available in liquid, solid, and slurry form. Waterproofing chemicals are further segmented into sheet membranes and liquid applied systems. The enduse segments are residential, commercial, and industrial infrastructure development.

With the construction chemical market contributing 9% of global GDP, waterproofing chemical market is set to accelerate itsgrowth in emerging economies including China and India.

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With easy availability of raw material and major projects lined up for boosting infrastructure investment, asia pacific is the most profitable market for waterproofing industries. With 26% market share China has overtaken USA in terms of volume. China along with India and other important asia pacific region contributes to half of the global waterproofing market. Asia pacific will see a massive rise in infrastructure owing to China’s main focus on infrastructure under its 12th Five Year Plan and the ‘Make in India’ concept driven by the Indian government. With construction companies flourishing in India due to the rise in skyscrapers and malls, the waterproofing chemical market will gain substantial momentum in the near future. Malaysia is the next potential market for waterproofing chemicalsin the asia pacific region. Malaysian government has allocated US$ 23 billion to boost its infrastructure. These potential market will give steady momentum to waterproofing chemicals.

Europe is the second largest market for waterproofing chemicals. It accounts for nearly one-fourth of the total market share by volume. Europe possesses monumental heritage buildings which need quality care. Also, being an industrialised region, Western Europe will be a profitable destination for waterproofing chemical industries.

North America is the third most profitable destination for chemical industries. This market stumbled after the 21st century economic crisis. Since then it has been witnessing a slow recovery in waterproofing industries. High rise skyscrapers and technological advancement will fuel the growth momentum of waterproofing industries in coming years in this region. Chemical industries and marine industries are the other major sectors which will escalate the demand for waterproofing chemicals.Analysing the profitable trend, this market is set to witness key mergers and acquisitions of small and medium-sized enterprises(SME) companies by big business enterprises.

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Market Competition

• Akzo Nobel Chemicals AG
• Arkema S.A.
• Axelchem SDN BHD
• BASF SE
• BOSTIK
• Cementaid International Group of Companies
• Chryso Group
• DowDuPont Inc.
• Fosroc International Limited
• GCP Applied Technologies Inc.
• Henkel AG & Co.
• Mapei S.p.A
• MC-BAUCHEMIE MULLER GmbH & KG Chemische Fabriken
• Pidilite Industries
• PT Penta Chemicals Indonesia
• Sika AG

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Key Segments Profiled in the Asia Pacific Waterproofing Chemical Report Asia Pacific Waterproofing Chemical

By Product Type, the market is segmented as:

• Bitumen
• PVC
• EPDM
• TPO
• PTFE
• Silicone

By End Use Industry, the market is segmented as:

• Construction
• Infrastructure
• Automotive
• Textile
• Other End Use Industries

By Technology, the market is segmented as:

• Membrane
• Liquid
• Cementious
• Others

By Countries, the market is segmented as:

• China
• India
• Japan
• ASEAN
• Oceania

About Future Market Insights (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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The global alpha olefin sulfonates market is expected to be worth US$ 10.8 billion in 2032 and to develop at a 7.1% CAGR from 2022 to 2032. The rising use of this anionic surfactant in industrial chemical processing and laundry detergents is expected to drive market growth in the coming years. According to the survey, the market is estimated to reach $4.2 billion by 2022.

Alpha oelfin sulfonates are products of the sulfonation of alpha olefins and are long chain compounds. Alpha olefin sulfonates are manufactured by processes such as ethylene ologomerization, or by the Fischer-Tropsch process of synthesis. Firstly, alpha olefins are sulfonated inside a continuous thin film reactor, which produces a mixture of cyclic sulfonate esters (sultones) and alkene sulfonic acids. Aqueous sodium hydroxide is then used to neutralize this mixture. Carrying out hydrolysis at high temperatures, the remaining sultones are then converted into hydroxy sulfonates and alkene sulfonates.

Alpha olefin sulfonates are then obtained in the form of an aqueous solution. For the manufacturing of alpha olefin sulfonates in the solid form, neutralization and hydrolysis are carried out in isopropanol, and not water. The quality of alpha olefin sulfonates critically depends upon the purity of the alpha olefin feedstock. The sodium salts of alpha olefin sulfonates are widely used in various consumer-oriented and industrial products because of their unique surfactant properties.

Based on the average length of the carbon chains contained in alpha olefins, the sodium salts of alpha olefin sulfonates that are commercially available include Sodium C12-14, Sodium C14-16, Sodium C14-18, and Sodium C16-18 olefin sulfonates. These products exhibit distinct physical properties, and are accordingly used for suitable applications. Considering these aspects of alpha olefin sulfonates, the study of the trends and forecasts of the alpha olefin sulfonates market becomes an important read.

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Alpha Olefin Sulfonates Market: Dynamics

Alpha olefin sulfonates are widely utilized in a number of applications, primarily as active surfactants. Alpha olefin sulfonates exhibit beneficial properties such as excellent foaming, wetting and cleaning ability, high detergency, and good degreasing ability. Also, alpha olefin sulfonates are highly compatible for use with other anionic, amphoteric, as well as non-ionic surfactants. Alpha olefin sulfonates are mild on human skin and do not cause irritation, making them suitable for use in products such as soaps, shampoos, hand wash liquids, etc.

Moreover, alpha olefin sulfonates are as effective for use in hard water as in soft water, thus expanding their scope of application. Another important factor aiding the increasing application of alpha olefin sulfonates is the biodegradability of the compounds. Alpha olefin sulfonates are thus more eco-friendly than many other commercial surfactants.

Apart from personal care products and consumer goods, alpha olefin sulfonates are also used in industrial applications, such as in the formulation of lubricants; manufacture of industrial cleaners, metal working fluids, drilling fluids in the oil & gas industry; and the formulation of certain agrochemical products such as pesticides. Thus, the market for alpha olefin sulfonates is expected to be driven by their superior performance as surfactants as compared to other compounds such as linear alkylbenzenesulfonates (LAS), alcohol ethoxysulfates, and alcohol ethoxylates.

Alpha Olefin Sulfonates Market: Regional Outlook

The market for alpha olefin sulfonates is expected to be primarily driven by the growing demand for consumer and personal care products. Asia Pacific is a significant market for alpha olefin sulfonates, home to the top two most populous countries in the world (China and India). Moreover, rapid industrialization and simultaneous economic growth have led to large-scale urbanization and huge improvements in the living standards of people. The economic uptick and changing lifestyles have positively impacted the demand for consumer and personal care products, not just in urban areas, but also in rural areas.

In the developed economies of North America and Europe, the demand for alpha olefin sulfonates is expected to be stable and witness moderate overall growth. The alpha olefin sulfonates markets in these regions are expected to be driven by their eco-friendly profiles. Stringent product formulation regimes in these regions will help the manufacturers of alpha olefin sulfonates compete based on the biodegradability of these compounds.

Alpha Olefin Sulfonates Market: Market Participants

Examples of some of the market participants identified in the alpha olefin sulfonates market include:

• Clariant AG
• Kao Corporation
• Stepan Company
• Huntsman Corporation
• Nouryon
• Rohit Surfactants Private Limited
• P. Chemicals
• Zanyu Technology Group Co. Ltd.
• Enaspol a.s.
• Pilot Chemical Company

The research report presents a comprehensive assessment of the alpha olefin sulfonates market, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. This market study 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, product type, application, and form.

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Alpha Olefin Sulfonates Market: Segmentation

On the basis of product type, the alpha olefin sulfonates market can be segmented as:

• Sodium C12-14 Olefin Sulfonate
• Sodium C14-16 Olefin Sulfonate
• Sodium C14-18 Olefin Sulfonate
• Sodium C16-18 Olefin Sulfonate

On the basis of form, the alpha olefin sulfonates market can be segmented as:

• Solid & Semi-solid Paste
• Liquid

On the basis of application, the alpha olefin sulfonates market can be segmented as:

• Soaps & Detergents
• Personal Care Products
• Lubricant Additives
• Others (Pesticides, Construction Chemicals, etc.)

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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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During the projected period of 2022 to 2032, the global teaseed cake market is expected to grow at a rapid pace. The increasing application of teaseed cake across agriculture and aquaculture sectors is driving market growth.

Teaseed cake is the residue of camellia oil extraction of tea seeds, also known as camellia seeds. The residue is compressed into the shape of a cake and contains saponin, a toxic chemical which reacts and destroys the red blood cells of fish. Teaseed cake is used as a natural pesticide as well as a fertilizer in agriculture and aquaculture.

In the aquaculture sector, farmers of prawns and shrimps extensively use teaseed cakes for many purposes. Teaseed cakes can selectively kill fish without injuring or damaging prawns or other food organisms. Therefore, these are used to kill predator fish in ponds and also to clean ponds by killing earthworms, snails, tadpoles, clams, and other pests. Additionally, teaseed cakes can be used as a nature organic fertilizer because of their high protein content. These also help shrimps to cast their shell faster. Furthermore, teaseed cakes are used in the agriculture sector for various applications. These are used in rice fields to kill apple snails, amazonian snails, and golden apple snails. Teaseed cake is used to kill snails and earthworms in vegetable fields, flower fields, and golf courts as well.

However, there are some side effects or disadvantages of using a teaseed cake. The concentration of saponin in a teaseed cake varies from 10-15%, which is difficult to determine and excessive use of the saponin can cause long-term sublethal effects to crustacean immune systems.

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Teaseed Cake Market: Dynamics

Aquaculture and agriculture sectors are growing with a healthy rate and relatively increasing the demand for economical and natural fertilizers, pesticides, and fish-killing agents. Owing to the extensive use of teaseed cake in aquaculture, the demand for teaseed cake is expected to grow significantly over the forecast period.

Teaseed cake has various advantages over other products as it can kill snails with significant effect and no toxic residue. It can clean a pond without polluting it, is a natural organic fertilizer, and rich in different kinds of nutrient substances such as protein, fiber, and sugar. These factors are projected to significantly increase the growth of the teaseed cake market over the forecast period.

However, the higher chemical composition of saponin in teaseed cake can cause long-term sublethal effects to crustacean immune systems. This is expected to hamper the growth of the tea seed cake market over the forecast period.

Teaseed Cake Market: Regional Outlook

The Asia Pacific region is expected to have a prominent share in the teaseed cake market owing to the presence of significant number of teaseed cake manufacturers in the region and because the region’s tea seed yield is the highest in the world. Countries like China, India, and ASEAN countries are projected to register significant growth in the teaseed cake market due to the increasing aquaculture sector. The growing agriculture sector in the region is also expected to push the growth of the Asia Pacific teaseed cake market over the forecast period.

North America is expected to have promising growth in the teaseed cake market owing to the increasing demand for natural pesticides and fertilizers in the region. The growing agriculture sector in the European region and government regulations for using natural fertilizers and pesticides are expected to create significant demand for teaseed cakes in the region.

Market Competition

Some of the key participants present in the global teaseed cake market include Taiwan Fu Kung Industrial Co., Ltd., S. Joshi & Company, FLH, Ltd, Neospark Drugs and Chemicals Private Limited, Blue Weight Biotech LLP, Anhul Huayin Camellia Oil Co., Ltd., Xian Pincredit Bio-Tech Co., Ltd., Gih Hwa Enterprise Co., Ltd., Xian Shan Yuan Agriculture & Technology Co., Ltd., Yichun City Qingsong Industry Co. Ltd., Jiangxi Golden Deer Oil Co., Ltd.

Attributed to the presence of a large number of domestic and regional players, the global teaseed market is highly competitive in nature. Key players are using growth strategies such as partnership with farmers, expansion of production capacities, integration of modern manufacturing technologies and price reduction to gain a competitive edge in the market.

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Key Segments Profiled in the Teaseed Cake Industry Survey

Product Type:

• Teaseed Cake with Straw
• Teaseed Cake without Straw

Application:  

• Pesticides
• Fertilizers
• Fish-Killing Agents

End Use:

• Agriculture
• Aquaculture

Region:

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

About Future Market Insights (FMI)

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Research shows that health, comfort and output of employees in office are improved by a well-ventilated environment and access to natural light. These benefits are usually provided by strategically-placed windows. However, windows also invite unwanted heat loss/gain and condensation.

Therefore, the concept of smart windows has evolved in recent years and has played a major role in reducing the cost of developing and maintaining commercial buildings. This exciting, cutting-edge window technology allows consumers to block either all light or just some by simply turning a knob or pressing a button.

This type of light control could potentially save billions of dollars on heating, cooling and lighting costs. These high performance windows reduce energy consumption, minimize pollution sources, offer lower heat loss, and leak less air compared to traditional windows. Sometimes they also offer fire resistance which is an additional benefit.

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A typical window glazing system comprises of structural frames, sealants, glass panes and spacers. Factors like visuals(privacy, view and glare), sun control, ultraviolet control, and lighting during the day can be controlled to some extent by optimally designing and implementing the glazing system of a commercial building.

A glazing system is typically designed based on the building requirements, and is customized to suit different purposes. Glazing systems are differentiated on the basis of use of structural silicon as a support. The commercial glazing market can also be segmented on the basis of technology into dynamic glazing system, multifunctional advanced glazing system and next generation thermally-insulated windows.

All major players in the commercial glazing system market offer a wide variety of structural designs to cater to customer requirements. The market can also be segmented on the basis of product into commercial windows, curtain walling, ground floor treatment and roof glazing.

The global commercial glazing market is highly dependent on construction sector, the developing markets of APAC such as China and India are estimated to be the key demand generator. Emerging markets of the Middle East are also expected to surface as major consumers of glazing systems over the next five year.

Automotive glazing is also an upcoming industry in the glazing system market. See-through body panels or rear windows, and transparent sunroofs are new trends in automobile manufacturing.

The commercial windows segment presently dominates the UK market and is anticipated to be the fastest growing segment of commercial glazing systems market by 2020 in APAC. The commercial window segment is estimated to grow at a CAGR of 13-15% by 2020.

A shift towards urbanization is spurring the growth of the curtain walling market especially in China. The curtain walling market in China is expected to grow at a CAGR of 10-12% through 2020.

Major players in the commercial glazing system market are Saint-Gobain, Solar Innovations, Bayer, DuPont, A.C. Yule and Sons Ltd., and Alcoa. Players are now seen investing more time in tapping into the retrofitting market rather than construction. Retrofitting refers to making an older building more efficient with regard to energy consumption and other credentials.

Due to diminishing energy resources, government regulations and environment consciousness, the demand for green buildings is increasing. Builders are now understanding the potential savings from retrofit investments.

Due to stringent government regulations for energy consumption, the expanding construction and service sector, the retrofitting trend, and the increasing interest in see through automobiles, the commercial glazing systems market is expected to have much untapped potential, especially in APAC.

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

Regional analysis includes

• Greater China
• India
• ASEAN
• Australia & New Zealand
• Others

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, macroeconomic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies.

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About Future Market Insights (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.

Contact:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
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For Sales Enquiries: sales@futuremarketinsights.com

The Enterprise Asset Management Market is predicted to close in on a valuation of US$ 3.21 Bn in 2022 and US$ 4.86 Bn by 2028, surging ahead at a CAGR of 7.1% from 2022 to 2028. Future Market Insights has recently published a market research report titled “Enterprise Asset Management Market – Global Industry Analysis 2014 – 2021 and Opportunity Assessment 2022 – 2028.” The growth of Artificial Intelligence (AI) and drone-based enterprise solutions are among the factors driving the enterprise asset management market. AI helps improve data handling to make better decisions.

Asset visibility is an important factor for implementing the EAM system that gives accurate information on the identities, materials, and supplies. Effective asset management helps control or eliminate overstocking and stockpiling, as well as helps reduce fixed capital investments. EAM software offers more robust analytical systems for managing assets, preventative maintenance, and workflow analysis.

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EAM Is Rapidly Integrating with IoT

The growing deployment of IoT in smartphones and laptops is increasing the usage of IoT-based applications. The integration of IoT with EAM provides the identification of performance and control modifications. IoT applications allow better asset utilisation tracking and better data management, as well as streamline data in a manner in which asset lifecycle and maintenance can be analysed.

Integrating EAM systems and IoT enable companies to identify problems with their assets. The integration of IoT with EAM solutions is expected to play an important role in the development of smart cities. Smart cities monitor the conditions of the all the critical infrastructure.

Due to the increasing demand for ensuring asset performance and advanced environmental sustainability, companies are focusing on asset-intensive platforms to constantly track, assess, and manage reliability and technological & human assets. For the use of asset-intensive systems to offer efficient data management and better asset utilisation, the global enterprise asset management market is likely to record an approximate incremental opportunity of US$ 5,500 Mn during the forecast period of 2022 to 2028.

In the global enterprise asset management report, FMI has segregated the global enterprise asset management market by deployment, by component, by industry verticals, and by region. With regards to component, the global enterprise asset management market is segmented into software and services. Due to the positive outlook towards the escalating demand for next-generation tracking solutions, cloud-based deployment is estimated to generate potential growth opportunities for the enterprise asset management software providers.

Furthermore, the software sub-segment is also expected to witness a high CAGR during the forecast period. This growth can be attributed to the wide adoption of these devices in IoT applications to reduce errors.

Hybrid Cloud Resilience to Attract Revenues through On-premise Deployment

With regards to deployment, the global enterprise asset management market is segmented into on-premise and cloud. Owing to the robust adoption and penetration of cloud-based systems, the cloud-based segment is expected to create potential business opportunities for the enterprise asset management market.

The on-premise sub-segment is also expected to create an approximate market opportunity of US$ 4,200 Mn between 2022 and 2029. On-premise is termed as scalable, reliable, and resilient for hybrid cloud solutions. Owing to these factors, the cloud-based sub-segment will be a target area for the developers of asset maintenance applications.

Furthermore, on the basis of industry vertical, the enterprise asset management market is segmented into healthcare, manufacturing, oil & gas, banking & finance, government, and others.

In addition, with respect to geography, the enterprise asset management market in North America is projected to be a prominent player in the global enterprise asset management market owing to the advent of next-gen technological advancements in Canada and the U.S. The enterprise asset management market is estimated to generate high potential in South Asia, especially in the Chinese market.

This growth potential can be attributed to the major ICT technology-based advancements in the South Asian countries. Moreover, the adoption of IoT-enabled EAM solutions is increasing in Latin America owing to free trade agreements between some countries in the region.

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Competitive Landscape

Major EAM vendors are investing efforts beyond traditional asset management as businesses now seek additional benefits from enterprise asset management solutions.

• Oracle Corporation
• SAP SE
• Schneider Electric SE
• AB Co., Ltd.
• MRI Software LLC
• CGI Co., Ltd.
• Industrial and Financial Services (IFS) AB

Key Segments of Enterprise Asset Management Industry Research

Enterprise Asset Management Market by Deployment:

• On-premise Enterprise Asset Management
• Cloud Enterprise Asset Management

Enterprise Asset Management Market by Industry:

• Government
• Healthcare
• Manufacturing
• Transportation & Logistics
• Oil & Gas
• Banking & Finance
• Retail
• Others

Enterprise Asset Management Market by Region:

• North America Enterprise Asset Management Market
• Latin America Enterprise Asset Management Market
• Europe Enterprise Asset Management Market
• East Asia Enterprise Asset Management Market
• South Asia & Pacific Enterprise Asset Management Market
• Middle East & Africa (MEA) Enterprise Asset Management Market

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About Us

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.

Contact Us:
Future Market Insights,
Unit No: 1602-006,
Jumeirah Bay 2,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers,
Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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