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Battery Energy Storage Market Trends, Outlook, Size, Share, and Top Company Profiles
The Battery Energy Storage Market research survey offers an inclusive evaluation of the market and includes crucial future predictions, industry documentations and market reality. This Battery Energy Storage Market report reveals a comprehensive study of the collected information, with key players, sellers, and market dealers, along with key aspects influencing the market. The Battery Energy Storage Market research study examines the international and regional breakdown of the industry and its uniqueness, market shares, trends, outlines, industry classifications, and the constantly transforming global market ecosystem. The Battery Energy Storage Market research report provides profits predictions and geographic regions of the organization. The study purposes are to present the product development in North America, China, Europe, South East Asia, Japan, and in the rest of the world.
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Battery Energy Storage Market Key Players:
GS Yuasa Corporation
Contemporary Amperex Technology Co. Limited
UniEnergy Technologies, LLC
BYD Co. Ltd
Clarios
The AES Corporation
Delta Electronics, Inc.
TrinaBESS
Primus Power
Battery Energy Storage Market by Element (Battery, Others), Battery Type (Lithium-Ion, Flow Batteries), Connection Type (On-Grid and Off-Grid), Ownership, Energy Capacity, Application, and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America). The Battery Energy Storage market size is projected to reach a CAGR of 33% from 2021 to 2028.
Battery Energy Storage is a power storage technology that store the energy and power generated using renewable energy sources like wind and light. These provide a much environment safe alternative to the conventional fossil fuel powered energy sources.
Surged demand for continuous power and energy storage along with the advancements in the grids are some of the factors that have supported long-term expansion for Battery Energy Storage Market.
COVID-19 had a negative effect on the market, as the demand for power decreased during the time of pandemic.
Battery Energy Storage Market Recent Developments:
In June 2021, Fluence which is a US based firm joined the joint venture of Siemens and AEG Corporation, unveiled its sixth-generation energy storage technology stack combining factory-built hardware, advanced software, and data-driven intelligence.
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Scope of the Battery Energy Storage Market Report:
Battery Energy Storage Market is segmented into Element, Battery Type, Connection Type, Ownership, Energy Capacity, Application and region.
On the basis of Element
Battery
Other Elements
On the basis of Battery Type
Lithium-Ion Batteries
Lead-Acid Batteries
Flow Batteries
Others
On the basis of Connection Type
On-Grid Connection
Off-Grid Connection
On the basis of Ownership
Customer-Owned
Third-Party-Owned
Utility-Owned
On the basis of Energy Capacity
Below 100 MWh
Between 100 and 500 MWh
Above 500 MWh
On the basis of Application
Residential
Commercial
Utilities
On the basis of Region
Asia Pacific
North America
Europe
South America
Middle East & Africa
Battery Energy Storage Market Reasons to Acquire:
Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors.
Gain authentic and granular data access for Battery Energy Storage Market so as to understand the trends and the factors involved behind changing market situations.
Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
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About Us:
Delvens is a strategic advisory and consulting company headquartered in New Delhi, India. The company holds expertise in providing syndicated research reports, customized research reports and consulting services. Delvens qualitative and quantitative data is highly utilized by each level from niche to major markets, serving more than 1K prominent companies by assuring to provide the information on country, regional and global business environment. We have a database for more than 45 industries in more than 115+ major countries globally.
Delvens database assists the clients by providing in-depth information in crucial business decisions. Delvens offers significant facts and figures across various industries namely Healthcare, IT & Telecom, Chemicals & Materials, Semiconductor & Electronics, Energy, Pharmaceutical, Consumer Goods & Services, Food & Beverages. Our company provides an exhaustive and comprehensive understanding of the business environment.
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Interactive Patient Care Market to Witness Huge Growth by 2030
Interactive Patient Care Market report offers noteworthy data along with future forecast and thorough analysis of the market on international and regional level. Some of the data models employed for the research methodology are vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. This market report studies the trends in consumer and supply chain dynamics that have been observed to be helpful in developing production strategies for healthcare industry. The global Interactive Patient Care Market analysis report covers market shares for Global, Europe, North America, Asia Pacific and South America.
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Interactive Patient Care Market by Product (Hardware (Television, IBT/ Assisted Devices, Tablets), Software), Type (Inpatient, Outpatient), End User (Hospitals, Clinics) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America). The global Interactive Patient Care market size is projected to reach a CAGR of 15.5% from 2023-2030.
Interactive Patient Care Market Competitive Landscape:
Sonifi Health
Hospedia Limited
Evideon
Epic Systems Corporation
Allscripts Healthcare Solutions
McKesson Corporation
Orion Health Ltd.
Cerner Corporation
Phytel Inc.
Medecision Inc.
Interactive Patient Care Market Recent Developments:
In 2021, GetWellNetwork (US) entered into a three-year agreement with Hills Health Solutions. Under the terms of this agreement, Hills will become the exclusive distributor of GetWellNetwork’s GetWell Loop and GetWell Inpatient products in Australia and New Zealand.
In 2021, SONIFI Health (US) partnered with Pennsylvania’s Lehigh Valley Health Network (US) to implement engaging technology solutions that improve patient experiences and clinical interactions across the healthcare organization.
Patient engagement is ideally a well-established process in which healthcare providers and patients work together to improve health. This concept is used to describe everything from patient portals to social media strategies, from tracking vitals with wearables to patients actively participating in their own health and wellness. It combines a patient’s knowledge, skills, ability, and willingness to manage their own care more effectively which will help in improving health outcomes, drive better patient care, and achieve lower costs. By collaborating and engaging with patients in the decision-making process, healthcare providers can make better decisions regarding a patient’s health, improving the patient-provider relationship, and overall patient retention.
Growing technological developments, adoption of EHR and mhealth solutions, the prevalence of chronic diseases, supportive initiatives by key market stakeholders, and consumerism in healthcare are some of the key drivers of this market.
On the other hand, the number of players in the patient interactive care systems is limited in the market. The requirement is limited as this is not an essential part of the daily medical regime followed in medical facilities. It’s a tech-based system which often comes with a heavy price tag which is still restricting its market growth.
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Interactive Patient Care Market Key Findings:
The product segment is further bifurcated into Hardware and Software. The hardware segment is anticipated to dominate the market during the forecast period. This can be attributed to the rising development of TV-based solutions and the increased adoption of in-room televisions by hospitals are some of the key factors for the market growth of this segment.
The type segment is further segmented into Inpatient and Outpatient. The impatient segment is anticipated to dominate the market during the forecast period. The requirement for improved patient care and favourable government initiatives for the adoption of these solutions are the factors driving the growth of this segment.
The end-user segment is further fragmented into Hospitals, Clinics and other end-Users. Hospitals segment, in the end, users accounted for the largest and the fastest share of the global Interactive patient engagement solutions market. Increasing demand for IT tools to tackle the demand of hospital staff and rising demand for effective communication tools are driving the growth of this segment.
The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. North America accounted for the largest share of the global interactive patient engagement solutions market. Favourable government initiatives, the rising prevalence of chronic diseases, rising awareness about digital healthcare products and several key players in the interactive patient engagement solutions market-based in the US are key factors driving market growth in the region.
Interactive Patient Care Market Regional Analysis:
North America to Dominate the Market
North America accounted for the largest share of the global interactive patient engagement solutions market.
Favourable government initiatives, the rising prevalence of chronic diseases, rising awareness about digital healthcare products and several key players in the interactive patient engagement solutions market-based in the US are key factors driving market growth in the region.
Frequently Asked Questions:
What are the years considered to study Interactive Patient Care Market?
What is the compound annual growth rate (CAGR) of the Interactive Patient Care Market?
Which region holds the largest market share in the Interactive Patient Care Market?
Which region is the fastest growing region in Interactive Patient Care Market?
Who are the major players in the Interactive Patient Care Market?
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About Us:
Delvens is a strategic advisory and consulting company headquartered in New Delhi, India. The company holds expertise in providing syndicated research reports, customized research reports and consulting services. Delvens qualitative and quantitative data is highly utilized by each level from niche to major markets, serving more than 1K prominent companies by assuring to provide the information on country, regional and global business environment. We have a database for more than 45 industries in more than 115+ major countries globally.
Delvens database assists the clients by providing in-depth information in crucial business decisions. Delvens offers significant facts and figures across various industries namely Healthcare, IT & Telecom, Chemicals & Materials, Semiconductor & Electronics, Energy, Pharmaceutical, Consumer Goods & Services, Food & Beverages. Our company provides an exhaustive and comprehensive understanding of the business environment.
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#Interactive Patient Care Market#Interactive Patient Care#Interactive Patient Care Market Size#Interactive Patient Care Market Share#Interactive Patient Care Market Trends#Interactive Patient Care Market Forecast#consulting company#strategic advisory firm#best market reports#market analysis reports#trending reports#syndicated reports#healthcare#health
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Industrial Controls Market – Trends Forecast Till 2030
Industrial Controls Market analysis report figures out market landscape, brand awareness, latest trends, possible future issues, industry trends and customer behaviour so that the business can stand high in the crowd. It includes extensive research on the current conditions of the industry, potential of the market in the present and the future prospects from various angles. This Industrial Controls Market report comprises of data that can be pretty essential when it comes to dominating the market or making a mark in the Semiconductors & Electronics industry as a new emergent. To bestow clients with the best results, Industrial Controls Market research report is produced by using integrated approaches and latest technology.
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Industrial Controls Market by Type (Distributed Control System, Supervisory Control & Data Acquisition System, Manufacturing Execution System, Programmable Logic Controller (PLC), Product Lifecycle Management (PLM), Enterprise Resource Planning (ERP), Human Machine Interface (HMI) and Others), Component (Modular Terminal Blocks, Relays & Optocouplers, Surge Protectors, Marking Systems, Printing, Ferulles Cable Lugs, Handtools, Testers, Enclosure Products, PCB Connectors & Terminals, Heavy Duty Connectors, Analog Signal Conditioner, Electronic Housings, Power Supplies, Industrial Ethernet, and Remote IO), Application and End User (Automotive, Utility, Electronics & Semiconductors, Oil and Gas, Chemical and Petrochemical, Power, Life Sciences, Food and Beverage and Mining), and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America), global opportunity analysis and Industry Forecast, 2023-2030. The global Industrial Controls market size was estimated at USD 140 billion in 2023 and is projected to reach USD 239.9354 billion in 2030 at a CAGR of 8% during the forecast period 2023-2030.
Industrial Controls Market Competitive Landscape:
ABB Ltd.
Emerson Electric Corporation
Honeywell International Incorporation
Kawasaki Robotics control system
Mitsubishi Electric Factory Automation
Omron Corporation
Rockwell Automation Inc.
Siemens AG
Schneider Electric SA
Yokogawa Electric Corporation
Endress+Hauser AG
General Electric
GLC Controls Inc.
Industrial Controls Market Recent Developments:
In July 2022, IBM acquired Databand.ai, a leading provider of data observability software that helps organizations fix issues with their data, including errors, pipeline failures, and poor quality, before it impacts their bottom line.
In July 2022, Sap acquired Askdata to strengthen its ability to help organizations take better-informed decisions by leveraging AI-driven natural language searches. Users are empowered to search, interact, and collaborate on live data to maximize business insights.
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Industrial controls systems refer to various automation devices, machines and equipment used in industry. They are developed to better control and monitor industrial processes and automate tasks to increase efficiency and reliability while improving quality. These systems include a variety of controls systems such as supervisory control and data acquisition or SCADA, programmable logic controllers or PLCs, and distributed controls systems or DCS.
They can help automate processes, critical infrastructure or remote monitoring and management. They also help collect data from remote devices, monitor the operation of distributed factories, and perform automated electromechanical processes. Rapid adoption of cloud-based services and growing automation trends in industry are important factors for the global industry. Market dominance. Automation helps industries achieve better accuracy and quality while reducing costs.
Growth is driven by the demand for intelligent controls systems and automation in various industries, mass production in industry and the adoption of industrial controls systems in various end-uses such as automotive and mining, as well as increasing R&D investments. in the industrial control market. However, increasing cyber-attacks, lack of authentication procedures, lack of experienced professionals and awareness of industrial security solutions are restraining the growth of the industrial controls market. In addition, the deployment of a smart grid to protect critical infrastructure against cyber-attacks and cloud computing for industrial controls systems creates lucrative opportunities for the industrial surveillance market.
Scope of the Industrial Controls Market Report:
The Industrial Controls Market is segmented into various segments such as type, component, End user and region:
Based on type
Distributed control system (DCS)
Supervisory control & data acquisition system (SCADA)
Manufacturing execution system (MES)
Programmable Logic Controller (PLC)
Product Lifecycle Management (PLM)
Enterprise Resource Planning (ERP)
Human Machine Interface (HMI)
Others
Based on the component
Modular terminal blocks
Relays & optocouplers
Surge protectors
Marking systems
Printing
Ferulles cable lugs
Handtools
Testers
Enclosure products
PCB connectors and terminals
Heavy duty connectors
Analog signal conditioner
Electronic housings
Power supplies
Industrial ethernet
Remote IO
Based on the End user
Automotive
Utility
Electronics & semiconductors
Mining
Oil and Gas
Chemical and Petrochemical
Power
Life Sciences
Food and Beverage
Others
Based on Application
Automotive
Pharmaceutical
Oil & Gas
Electrical Power
Others
Based on Network
Fieldbus
Communication Router
Firewall
MODEMS
Remote Access Points
Based on region
Asia Pacific
North America
Europe
South America
Middle East & Africa
Industrial Controls Market Regional Analysis:
North America to Dominate the Market
North America is on the brink of the fourth industrial revolution. The data generated is used for high-volume production, while the data is integrated into various production systems throughout the supply chain. The region is also one of the world's largest automotive markets, with more than 13 major automotive manufacturers operating. The automobile industry was one of the largest income generators in the region. Due to significant adoption of industrial control systems and automation technologies in the automotive industry, the region offers a huge opportunity for market growth.
Several key vendors operating in the country are launching new upgrades to support the growth of smart factories along with the development of industrial control systems. Such technological development indicates regional growth in the studied market.
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About Us:
Delvens is a strategic advisory and consulting company headquartered in New Delhi, India. The company holds expertise in providing syndicated research reports, customized research reports and consulting services. Delvens qualitative and quantitative data is highly utilized by each level from niche to major markets, serving more than 1K prominent companies by assuring to provide the information on country, regional and global business environment. We have a database for more than 45 industries in more than 115+ major countries globally.
Delvens database assists the clients by providing in-depth information in crucial business decisions. Delvens offers significant facts and figures across various industries namely Healthcare, IT & Telecom, Chemicals & Materials, Semiconductor & Electronics, Energy, Pharmaceutical, Consumer Goods & Services, Food & Beverages. Our company provides an exhaustive and comprehensive understanding of the business environment.
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High Voltage (HV) Cable Market Growth Analysis
High Voltage (HV) Cable Market research report identifies, assesses, and analyses the up-and-coming trends along with major drivers, restraints, challenges and opportunities in the market for Energy industry. The High Voltage (HV) Cable Market report contains estimations of CAGR values, market drivers and market restraints about the Energy industry which are helpful for businesses in deciding upon numerous strategies. The market type, organization size, availability on-premises, end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa are kept into view while formulating this global High Voltage (HV) Cable Market analysis report.
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High Voltage (HV) Cable Market by Product Type (Cables (XLPE, EPR, HEPR, MI), Accessories (Joints, Termination, Fittings & Fixtures), Conductor Type (Aluminum, Copper), Installation, Voltage, End User and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America). The global High-Voltage (HV) Cable market size was estimated at USD 40.5 billion in 2023 and is projected to reach USD 59.3 billion in 2030 at a CAGR of 5.6% during the forecast period 2023-2030.
High Voltage (HV) Cable Market Competitive Landscape:
Prysmian Group
Sumitomo Electric Industries Ltd.
Nexans
LS Cable & System Ltd.
NKT A/S
Furukawa Electric
Taihan Cable & Solution Co., Ltd.
ZTT
Elsewedy Electric Company
Wuxi Jiangnan Cable
Riyadh Cables
PFISTERER Holding AG
DUCAB
TE Connectivity
Brugg Kabel AG
KEI Industries Ltd.
Tratos
Southwire Company,
Tele-Fonika Kable SA
Synergy Cables
High Voltage (HV) Cable Market Recent Developments:
In May 2023, The Prysmian Group has issued an announcement pertaining to the triumphant acquisition of a contract with an estimated worth exceeding USD 864.9 million. This contractual agreement is in reference to the initiation of a new power interconnection project between France and Spain, which is set to be implemented for the benefit of INELFE. It should be noted that INELFE is a joint venture that is co-owned by Red Electrica, the Spanish grid operator, and Réseau de Transport d’Électricité (RTE), the French grid operator.
In April 2023, Nexans finalized the purchase of Reka Kaapeli Oy, for a total of USD 57.29 million. The integration of Reka Cables into Nexans' Distribution & Usage business group was included in the acquisition. Being a part of Nexans presents Reka Cables with the chance to enhance its growth and development, while also enabling increased investments in renewable energy solutions.
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High voltage cables are utilized for the transmission and distribution of power at elevated voltages. These cables possess structural components comprising of one or more conductors, protective jackets, and insulators. An important structural divergence that sets high voltage cables apart from other cable types is the existence of additional internal layers within the insulation jacket that facilitate the control of electric flow surrounding the conductor. This attribute assists in mitigating power losses during long-range transmissions, thereby rendering high voltage cables more efficient than their counterparts in power transmission. High voltage cables may be installed as overhead cables, buried cables in industrial settings, or even submarine cables for power transmission between different states and countries.
The market for high voltage power cables is ultimately dependent on electricity demand across the world. The increasing demand for electricity is further anticipated to bring lucrative growth opportunities for the market. The replacement of the aged grid infrastructure and transmission lines is another factor that drives the growth of the market. Also, the increasing penetration of renewables such as solar energy and wind energy requires setting up new utility grids with new transmission & distribution networks. Therefore, the growing penetration of renewables acts as the market driver for high voltage cables.
High Voltage (HV) Cable Market Key Findings:
On the basis of installations, the worldwide high voltage cables market is divided into three segments, namely overhead, submarine, and underground, based on the type of installation. The proliferation of overhead installation is primarily attributed to its convenient installation process and low transmission losses across extended distances. Furthermore, the economic benefits of these cables, which do not entail complex technologies, account for their widespread adoption.
On the basis of Analytics, the market is categorized into three segments, namely 100 kV – 250 kV, 251 kV – 400 kV, and above 400 kV. Currently, the 251 kV – 400 kV segment holds the largest market share due to the extensive application of high voltage cables within this voltage range. In developing countries, the power transmission industry is still flourishing, resulting in the increased use of low and medium voltage cables. Consequently, the above 400 kV segment in these countries possesses a relatively minor presence. However, during the forecast period, the 251 kV – 400 kV segment is expected to grow in various regions owing to the substantial installation of these voltage lines. In North America and Europe, the above 400 kV segment is anticipated to witness a rise in their market share, primarily due to technological advancements that support their installation.
On the basis of end-user, the global market for high voltage cables is bifurcated into two segments, namely utility and industrial, wherein the former serves as the primary source of power for most sectors across the nation, consequently constituting a significant proportion of the market. With the escalation of rural electrification plans, population growth, and urbanization, the end-user demand for electricity has substantially increased. This augmented demand for power has led to the integration of renewable energy sources for power generation, thereby facilitating the installation of new grids required to cater to power needs across distant locations. The industrial sector, particularly the exploration and railways industry, also leverages high voltage cables for their operations. Moreover, the market is expected to experience a positive growth trajectory owing to the proposed plans and presence of metros in diverse parts of the world.
The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. North America possesses a limited market share within the industry. However, due to the prevailing replacement of antiquated grids throughout the region, the high voltage cable market is anticipated to experience gradual growth within the area.
High Voltage (HV) Cable Market Regional Analysis:
North America to Dominate the Market
North America possesses a limited market share within the industry. However, due to the prevailing replacement of antiquated grids throughout the region, the high voltage cable market is anticipated to experience gradual growth within the area.
The exploration endeavors of the oil and gas industry have significantly contributed to the expansion of the industrial sector of the market.
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Next Generation Biofuels Market
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About Us:
Delvens is a strategic advisory and consulting company headquartered in New Delhi, India. The company holds expertise in providing syndicated research reports, customized research reports and consulting services. Delvens qualitative and quantitative data is highly utilized by each level from niche to major markets, serving more than 1K prominent companies by assuring to provide the information on country, regional and global business environment. We have a database for more than 45 industries in more than 115+ major countries globally.
Delvens database assists the clients by providing in-depth information in crucial business decisions. Delvens offers significant facts and figures across various industries namely Healthcare, IT & Telecom, Chemicals & Materials, Semiconductor & Electronics, Energy, Pharmaceutical, Consumer Goods & Services, Food & Beverages. Our company provides an exhaustive and comprehensive understanding of the business environment.
Contact Us:
UNIT NO. 2126, TOWER B,
21ST FLOOR ALPHATHUM
SECTOR 90 NOIDA 201305, IN
+44-20-3290-6466
#High Voltage (HV) Cable Market#High Voltage (HV) Cable#HV Cable#HV Cable Market#Energy#consulting company#strategic advisory firm#best market reports#market analysis reports#trending reports#syndicated reports
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Business Process Outsourcing (BPO) Market Trends and Forecast to 2030
Business Process Outsourcing (BPO) Market analysis report is sure to help boost sales and improve return on investment (ROI). The research and analysis carried out in this Business Process Outsourcing (BPO) Market report assists clients to forecast investment in an emerging market, expansion of market share or success of a new product with the help of global market research analysis. Market drivers and market restraints assessed in this Business Process Outsourcing (BPO) Market report makes attentive about how the product is getting utilized in the recent market environment and also provide estimations about the future usage. This industry report includes market analysis based on regional as well as global level.
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Business Process Outsourcing (BPO) Market, by Service Type (Finance & Accounting, Human Resource, KPO, Procurement & Supply Chain, Customer Services, Others), End-use (BFSI, Healthcare, Manufacturing, IT & Telecommunications, Retail, Others), Outsourcing Type (Offshore, Nearshore, and Onshore), region (North America, Europe, Asia-Pacific, Middle East and Africa and South America). The Business Process Outsourcing (BPO) Market size was estimated at USD 285.86 billion in 2023 and is projected to reach USD 527.63 billion in 2030 at a CAGR of 9.15% during the forecast period 2023-2030.
Business Process Outsourcing (BPO) Market Competitive Landscape:
Accenture
ADP, Inc.
Aidey
ALAC ETOILE
AMDOCS
Capgemini
CBRE
Cognizant
Concentrix Corporation
Conduent, Inc.
eNoah
ExlService Holdings, Inc. and Affiliates.
Genpact
H2A
HCL Technologies Limited
Helpware
Humania BPO
IBM Corporation
Infosys Limited
INTERSA
Intetics Inc.
Invensis Technologies Pvt. Ltd.
NCR Corporation
NTT DATA, Inc.
Octopus Tech
OUTSOURCIA GROUP
Plaxonic Technologies
Sodexo
SunTec Web Services Pvt. Ltd.
Tata Consultancy Services Limited
Tech Mahindra Limited
Triniter
TTEC
Unity Communications
Wipro Limited
WNS (Holdings) Ltd.
Business Process Outsourcing (BPO) Market Recent Developments:
In June 2023, the TTEC Digital Innovation Studio has opened in Hyderabad, according to a statement from TTEC Holdings. With the help of prominent CX technology platforms like Amazon, Microsoft, and Google, among others, this development is anticipated to increase TTEC's capacity to provide better customer experiences around the globe.
In June 2023, in order to emphasize the company's dedication on investing and growing its footprint in the nation, Wipro Limited officially opened its new office at Sable Park in Cape Town, South Africa. This is anticipated to hasten the job and skill-development prospects for the rapidly expanding BPO industry in Cape Town, which considerably boosts the local economy, in the near future.
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Business Process Outsourcing (BPO) Market Key Findings:
Based on service type, the market is segmented into finance & accounting, human resource, kpo, procurement & supply chain, customer services, others. The customer services segment dominated the market in this segment. The increase in service centers that require offline and online technical help can be ascribed to this category. Businesses that focus on providing customer service are experts at managing requests and questions from customers that come in via social media platforms, chats, phone calls, emails, and other channels. Additionally, the majority of them offer self-service assistance, allowing clients to get answers to their questions whenever they need to.
Based on end-use, the market is segmented into bfsi, healthcare, manufacturing, it & telecommunications, retail, others. The IT and telecommunications segment dominated the market in this segment. A few of the causes driving up demand for business process services among IT and telecommunication organizations include the rise in the number of IT enterprises and the rising industrialization of the world. IT and telecom BPO services meet the rising need for connection, deal with security concerns, and develop fresh products for the newest gadgets and technological advancements.
Based on outsourcing type, the market is bifurcated into offshore, nearshore, and onshore. The offshore BPO dominated the market in this segment. This is due to increasing globalization of businesses and growing demand for BPO services from small and medium-sized businesses.
The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. North America is estimated to account for the largest market share during the forecast period. Due to the increasing demand for business process outsourcing services from various regional IT behemoths, the area is predicted to maintain its dominance. Regional expansion is also anticipated to be supported by the customization of service offerings to better fit individual demands and the rising demand for cloud computing.
Business Process Outsourcing (BPO) Market Regional Analysis:
North America to Dominate the Market
North America is estimated to account for the largest market share during the forecast period because of the increasing demand for business process outsourcing services from various regional IT behemoths.
Moreover, the customization of service offerings to better fit individual demands and the rising demand for cloud computing is expected to drive the growth of the market during the forecast period.
Frequently Asked Questions:
What are the years considered to study Business Process Outsourcing (BPO) Market?
What is the compound annual growth rate (CAGR) of the Business Process Outsourcing (BPO) Market?
Which region holds the largest market share in Business Process Outsourcing (BPO) Market?
Which region is the fastest growing in Business Process Outsourcing (BPO) Market?
Who are the major players in Business Process Outsourcing (BPO) Market?
The market for business process outsourcing (BPO) is expanding as a result of factors such as businesses' increasing emphasis on enhancing productivity and organizational agility, cutting costs, and accelerating key capabilities to survive the rapidly changing business dynamics. Additionally, a lot of businesses are concentrating on lowering their operating expenses so they can access global resources to satisfy the rising market needs. These factors have promoted the use of market services by a number of companies that concentrate on utilizing technical developments like cloud computing and Artificial Intelligence (AI) to increase corporate productivity.
In the projected term, security and intellectual property rights worries are anticipated to limit market expansion. The need to lower operating costs drives the outsourcer to locations without a legislative framework in place to guard against confidentiality breaches and infringement of intellectual property rights. Because even a tiny mistake can result in a permanent loss for the company's market position, outsourcing organizations are frequently concerned about how they outsource and handle the information supplied.
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Sugar Confectionery Market Competitive Analysis
Sugar Confectionery Market analysis report figures out market landscape, brand awareness, latest trends, possible future issues, industry trends and customer behaviour so that the business can stand high in the crowd. It includes extensive research on the current conditions of the industry, potential of the market in the present and the future prospects from various angles. This market report comprises of data that can be pretty essential when it comes to dominating the market or making a mark in the Food & Beverages industry as a new emergent. To bestow clients with the best results, Sugar Confectionery Market research report is produced by using integrated approaches and latest technology.
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Sugar Confectionery Market, by Product Type (Hard-Boiled Sweets, Toffees, Caramels, & Nougat, Pastilles & Jellies, Mints, and Other Product Types) and Distribution Channel (Offline Stores, Online Platforms) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America). The global Sugar Confectionery Market size was estimated at USD 56.2 billion in 2023 and is projected to reach USD 79.9 billion in 2030 at a CAGR of 4.5% during the forecast period 2023-2030.
The sugar confectionery market denotes the sector responsible for the manufacture and distribution of a diverse assortment of saccharine delicacies, primarily composed of sugar. This category comprises an array of products, such as confections, chocolates, chewing gum, jellies, popsicles, caramels, and analogous commodities. The sugar confectionery industry constitutes a noteworthy fraction of the wider confectionery domain, encompassing chocolate bars, baked goods, and frozen desserts.
The industry's growth is being driven by the combination of a growing population and rising disposable income. Furthermore, the industry is receiving support from increasing urbanization and changing consumer lifestyles. During the forecast period, significant investments by industry players in promotional activities, advertising campaigns, and social media marketing are anticipated to fuel the demand for sugar confectionery products. Additionally, the growth of the sugar confectionery industry is being supported by the expanding retail industry and the rising trend of e-commerce. However, the industry's growth may be restricted due to increasing health awareness, growing obesity-related diseases, and a shift in trend towards consumption of low-calorie food. Nevertheless, the global industry is expected to be driven by growing demand from emerging economies, the increasing trend of gifting confectionery products, and rising demand for organic and premium chocolate products.
Sugar Confectionery Market Competitive Landscape:
Anthony-Thomas Candy Co
August Storck KG
Barry Callebaut
Blommer Chocolate Company
Cadbury PLC.
Chupa Chups SA.
Cloetta AB
Ferrero SPA.
Foley's Candies LP
Haribo Dunhills PLC
Ingredion
Kraft Foods Inc
Lindt
Lotte Confectionery Co Ltd,
Mars, Incorporated
Nestle SA
Perfetti Van Melle S.P.A.
Sprungli
Tate & Lyle
The Hershey Company,
Wm Wrigley Jr Company
Sugar Confectionery Market Recent Developments:
In February, 2022, Hershey's created a sugar bar to commemorate All Women and Girls. The "Celebrate SHE" bars are a limited edition. SHE was highlighted in the centre of the milk sugar bar by the brand.
In January, 2022, Cadbury, a brand of Mondelez International, introduced the Twist Wrap packaging solution for its Duos range, allowing consumers to snack in small portions by twisting and sealing the package after consuming half of the sugar bar.
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Sugar Confectionery Market Key Findings:
The Product Type segment is further fragmented into Hard-Boiled Sweets, Toffees, Caramels, & Nougat, Pastilles & Jellies, Mints, and Other Product Types. The Hard-boiled Sweets segment is expected to account for a larger market size during the forecast period. The production of these confections is relatively cost-effective, providing a broad spectrum of consumers with the opportunity to indulge in a delectable treat. Their extended shelf life, which endures for several months without compromising quality or taste, renders them an optimal selection for manufacturers and vendors. The diverse assortment of fruit, mint, and floral flavors of hard candies caters to varied taste preferences. The convenience of individually packaged hard-boiled sweets, which are effortless to carry and consume while on the move, renders them a popular choice for consumers who lead busy lives.
The Distribution Channel segment is further bifurcated into Offline Stores and Online Platforms. The offline store is the largest market during the forecast period. The ubiquitous existence of these commodities and their palpable retail experience are notable. Patrons have the opportunity to physically examine and procure these goods. Additionally, they may reap the advantages of insights and endorsements provided by store staff. Conversely, the digital domain is rapidly expanding owing to the surging prevalence of e-commerce and the expediency it provides.
The packaging segment is further bifurcated into sachet, box, and others. The Sachet packaging is the largest market during the forecast period. Sachet packaging is commonly utilized for dispensing individual or small portions of confectionery, thereby providing an expedient option for on-the-go consumption. In contrast, box packaging is frequently associated with high-end or gift-worthy sweets, affording a visually captivating and methodical presentation.
The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. North America is estimated to account for the largest market share during the forecast period owing to the rising disposable income and expanding youth population.
Sugar Confectionery Market Regional Analysis:
North America to Dominate the Market
North America is estimated to account for the largest market share during the forecast period owing to the rising disposable income and expanding youth population.
Moreover, the strong focus on retail chain expansion projects, will escalate the manufacturing of sugar confectioneries to cater to regional consumers.
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Delvens database assists the clients by providing in-depth information in crucial business decisions. Delvens offers significant facts and figures across various industries namely Healthcare, IT & Telecom, Chemicals & Materials, Semiconductor & Electronics, Energy, Pharmaceutical, Consumer Goods & Services, Food & Beverages. Our company provides an exhaustive and comprehensive understanding of the business environment.
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Digital Therapeutics (DTx) Market to Witness Huge Growth by 2030
Digital Therapeutics (DTx) Market report involves use of latest tools and techniques for researching, analysing and gathering of data and information. The market analysis here includes competitive study, product information analysis, applications, and region-wise analysis, competitor landscape, consumption and revenue study, cost structure analysis, price evaluation and revenue analysis up to 2030. This report performs systematic gathering, recording and analysis of data about the issues related to the marketing of goods and services and serves the businesses with an excellent market research report. The global Digital Therapeutics (DTx) Market report provides smart solutions to the complex business challenges and commences an effortless decision-making process.
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Digital Therapeutics (DTx) Market, by Product (Software and Devices), Sales Channel (Business-to-Business and Business-to-Consumers), Application (Diabetes, Obesity, Cardiovascular Disease (CVD), Central Nervous System (CNS), Disease Respiratory Disease, Smoking Cessation, Gastrointestinal Disorder (GID) and Others) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America). The global Digital Therapeutics (DTx) market size was estimated at USD 5.47 billion in 2023 and is projected to reach USD 28.68 billion in 2030 at a CAGR of 26.70% during the forecast period 2023-2030.
Digital Therapeutics (DTx) Market Competitive Landscape:
Omada Health, Inc.
Welldoc, Inc
Kaia Health
2MORROW, Inc.
Proteus Digital Health, Inc.
Akili Interactive Labs, Inc.
Pear Therapeutics, Inc.
Resmed, Inc. (Propeller Health)
Fitbit, Inc. (Twine Health, Inc.)
Click Therapeutics, Inc.
Livongo Health, Inc.
Voluntis, Inc.
Medtronic Plc.
Happify, Inc.
Canary health
Noom, Inc.
HYGIEIA
DarioHealth Corp.
BigHealth
GAIA AG
Limbix Health, Inc.
Digital Therapeutics (DTx) Market Recent Developments:
In February 2022, DynamiCare Health Inc., a digital therapeutics and telehealth company received Breakthrough Device Designation for DCH-001 from the United States Food and Drug Administration (FDA).
In May 2021, Eli Lilly and Company signed strategic international agreements with four companies to advance connected solutions and streamline diabetes care management for individuals living with the disease outside of the United States.
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Digital therapy provides patients with evidence-based therapeutic interventions. It is provided with software and devices designed to manage or treat medical conditions. Digital therapy software can be used alone or in conjunction with another device, medication or treatment to achieve patient treatment and health outcomes. The design, clinical validation, usability and data security of digital therapies are based on state-of-the-art technology according to best practices. These products have been tested and approved by regulatory authorities before use. In addition, digital therapies provide patients, healthcare providers and payers with smart, easy-to-use tools to treat a variety of diseases through interventions such as high-quality, safe and effective evidence-based cards.
The increase in the use of smartphones and tablets and health applications, the need to control healthcare costs, significant benefits to the entire process of treatment and the increase in the incidence of chronic diseases are driving the growth of the global digital therapy market. The major factors driving the market growth are the increase in the incidence of preventable chronic diseases and the increase in public health funding. Emerging markets also offer companies significant growth opportunities in the coming years. Moreover, strong potential products coming to the market during the forecast period are also beneficial for market participants. Factors such as cost-effectiveness of digital health technologies for providers and patients and increasing need for integrated health systems and patient-centric care are expected to drive market growth during the forecast period.
However, lack of understanding of digital therapies in developing countries and patient privacy concerns are hindering market growth. Developers or manufacturers of digital therapies do not guarantee the security of patient data. Consumers fear that these programs will not be able to protect the confidentiality of their health information. Fear of patient privacy complicates the implementation of digital therapies. In addition, the fear of data compromise or technology being subjected to unwanted personal surveillance is hindering the growth of the digital therapy products market.
Digital Therapeutics (DTx) Market Key Findings:
The Product segment is further fragmented into Software and Devices. The software segment is the largest and fastest growing segment that dominated the market and is expected to continue this trend during the forecast period due to continuous improvement of firmware and device software’s.
The Sales Channel segment is further bifurcated into Business-to-Business and Business-to-Consumers. The business-to-consumers segment is the largest and the fastest growing segment which exhibited the highest growth and is expected to continue this trend during the forecast period. This is happening due to the direct contact between the consumers removing the middlemen and having clear understanding of the needs of the consumers.
The Application segment is further bifurcated into Diabetes, Obesity, Cardiovascular Disease (CVD), Central Nervous System (CNS), Disease Respiratory Disease, Smoking Cessation, Gastrointestinal Disorder (GID) and Others. The diabetes segment dominated the market with the largest market share. Factors that drive the segment growth include the growing prevalence of diabetes and other chronic diseases. The increasing prevalence of diabetes is boosting the need to develop individualized solutions for treating diabetics.
The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. North America is estimated to account for the largest market share during the forecast period owing to Favorable reimbursement scenarios focused on improved tracking and diagnosis, and improved quality of life through increased use of digital health products.
Digital Therapeutics (DTx) Market Regional Analysis:
North America to Dominate the Market
North America is estimated to account for the largest market share during the forecast period owing to favorable reimbursement scenarios focused on improved tracking and diagnosis, and improved quality of life through increased use of digital health products.
Moreover, strategic initiatives undertaken by key players in this region, such as new product launches and mergers & acquisitions, are expected to result in lucrative growth.
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Immunotherapy Drugs Market to Witness Huge Growth by 2030
Immunotherapy Drugs Market research report deals with many parameters in depth to satisfy the requirements of business or clients. Moreover, it also displays all the information including market definition, classifications, key developments, applications, and engagements along with the detailed actions of key players with respect to product launches, joint ventures, developments, mergers and acquisitions and effects of the same in terms of sales, import, export, revenue and CAGR values. A team of experienced and consummate market research professionals persistently track key industries to spot key developments, unmet needs and possible growth opportunities.
Immunotherapy Drugs Market, By Drug Type (Monoclonal Antibodies, Immunomodulators), By Indication (Infectious Diseases, Cancer) and by Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America). The global Immunotherapy Drugs Market size is projected to reach a CAGR of 11.7% from 2023-2030.
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Immunotherapy drugs are used to enhance or suppress the immune system of the body. They are mostly used in the treatment of cancer and act by stimulating the immune system of the body and generating an immune response aiding the production of antibodies. Antibodies produced against antigens kill the cancerous or tumour cells.
The global immunotherapy market is driven by the increasing adoption of targeted therapies, the increase in the life span of patients, and the high prevalence of lifestyle diseases. Furthermore, rapid approval of drugs and reduction in the recurrence of diseases propel market growth. Additionally, immunotherapy as an alternative to chemotherapy and the use of immunotherapy as the first line of drug for the treatment of cancer provide growth opportunities for the market players shortly.
Immunotherapy Drugs Market Competitive Landscape:
Amgen, Inc.
Novartis AG
AbbVie, Inc.
Pfizer, Inc.
F. Hoffmann-La Roche Ltd.
Johnson & Johnson Services, Inc.
AstraZeneca
GSK
Sanofi
Bayer AG
Immunotherapy Drugs Market Recent Developments:
August 29, 2022 - AbbVie Showcases New Analyses and Real-World Data Across Multiple Immune-Mediated Skin Diseases at the European Academy of Dermatology and Venereology (EADV).
August 24, 2022 - AbbVie announced that the U.S. Food and Drug Administration (FDA) approved the use of IMBRUVICA® (ibrutinib) for the treatment of paediatric patients one year and older with chronic graft versus host disease (cGVHD) after the failure of one or more lines of systemic therapy.
Immunotherapy Drugs Market Key Findings:
Immunotherapy drugs are used to enhance or suppress the immune system of the body. They are mostly used in the treatment of cancer and act by stimulating the immune system of the body and generating an immune response aiding the production of antibodies. Antibodies produced against antigens kill the cancerous or tumour cells.
The indication segment is further fragmented into Cancer, Autoimmune Diseases, Infectious Diseases, and Others. The cancer segment accounted for the largest revenue share owing to the increased prevalence of cancer, coupled with a rise in the launch of cancer immunotherapies.
The drug type segment is further fragmented into monoclonal antibodies, immunomodulators, and vaccines. The monoclonal antibodies segment accounted for the largest share owing to increased R&D in therapeutic monoclonal antibodies coupled with supportive government initiatives.
The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. North America dominated the global industry and accounted for the largest share of the overall revenue. The launch and regulatory approval of new immunotherapy drugs and favourable reimbursement policies are projected to aid in the region’s growth.
Immunotherapy Drugs Market Regional Analysis:
North America to Dominate the Market
North America dominated the global industry and accounted for the largest share of the overall revenue.
The launch and regulatory approval of new immunotherapy drugs and favourable reimbursement policies are projected to aid in the region’s growth.
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Scope of the Immunotherapy Drugs Market Report:
Immunotherapy Drugs Market is segmented into various segments such as drug type, indication, and region:
On the basis of drug type
Monoclonal Antibodies
Immunomodulators
Vaccines
On the basis of the indication
Cancer
Autoimmune Diseases
Infectious Diseases
Others
On the basis of region
Asia Pacific
North America
Europe
South America
Middle East & Africa
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Delvens database assists the clients by providing in-depth information in crucial business decisions. Delvens offers significant facts and figures across various industries namely Healthcare, IT & Telecom, Chemicals & Materials, Semiconductor & Electronics, Energy, Pharmaceutical, Consumer Goods & Services, Food & Beverages. Our company provides an exhaustive and comprehensive understanding of the business environment.
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Top 10 Plastics Market Size and Share Analysis
Top 10 Plastics Market report provides the broader perspective of the market place with its comprehensive market insights and analysis which eases surviving and succeeding in the market. This market report brings into focus plentiful of factors such as the general market conditions, trends, inclinations, key players, opportunities, and geographical analysis which all aids to take the business towards the growth and success. Moreover, Top 10 Plastics Market report explains better market perspective in terms of product trends, marketing strategy, future products, new geographical markets, future events, sales strategies, customer actions or behaviours. Hence, the Top 10 Plastics Market report brings into the focus, the more important aspects of the market or Chemicals & Materials industry.
Top 10 Plastics Market, by Type (Polyethylene, Polypropylene, Polystyrene, Polyethylene Terephthalate, Polyvinyl Chloride, Polycarbonate, Acrylonitrile Butadiene Styrene, Polyoxymethylene, Polyamide, Polyurethane), End-Use Industry (Building & Construction, Electronics & Consumer, Automotive, Textile, Packaging), and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America).
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Top players covered in the Top 10 Plastics Market report:
Arkema
BASF SE
Braskem
Celanese Corporation
Chevron Phillips Chemical Co., LLC
Covestro AG
Dow Inc
Ducor Petrochemicals
DuPont de Nemours, Inc
Eastman Chemical Company
Evonik Industries
Exxon Mobil Corporation
Formosa Plastic Corporation
INEOS
Lotte Chemical Corporation
Mitsui & Co. Plastic Ltd.
Reliance Industries Limited
Repsol
SABIC
Sumitomo Chemical Co., Ltd.
Toray Industries, Inc.
Top 10 Plastics Market Recent Developments:
In August 2023, A joint venture agreement was formed by the biopolymer manufacturer Braskem and SCG Chemicals to create bio-ethylene from bio-ethanol dehydration and to market Braskem's "I'm green" bio-based Polyethylene.
In June 2023, BASF set up a new polyethylene plant in Zhanjiang Verbund site in China. The brand-new facility, with a yearly capacity of 500,000 metric tons of PE, will meet China's rapidly expanding demand. In 2025, the facility is expected to begin operations.
The Top 10 Plastics Market size was estimated at USD 503.11 billion in 2023 and is projected to reach USD 777.21 billion in 2030 at a CAGR of 6.41% during the forecast period 2023-2030.
Although they generally incorporate additional materials, plastics are high molecular mass organic polymers. The majority of the time, they are synthetic and made from petrochemicals. However, the current emphasis on the environment has led to an increase in the number of plastics made from renewable resources, such as cellulosic from cotton linters and polylactic acid made from corn. Due to their comparatively low cost, simplicity of production, adaptability, and water resistance, plastics are now used in a wide variety of items. Plastic is used in everything, from basic items like paperclips to large ones like airplanes. Based on their availability and application, the top 10 most abundantly used plastics are polyethylene, polypropylene, polystyrene, polyethylene terephthalate, polyvinyl chloride, polycarbonate, acrylonitrile butadiene styrene, polyoxymethylene, polyamide and polyurethane.
Plastic consumption is being driven by the food and beverage sectors' expanding requirement for packaging materials. product manufacturers seek packaging that guards against contamination and deterioration of product quality. Demand is being fuelled by plastic's ability to act as a shield between food products and the outside world. Moreover, their increased demand in textile, electrical and electronic, automotive, and consumer goods sectors is driving the growth of the market further.
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Top 10 Plastics Market Key Findings:
Based on type, the market is segmented into polyethylene, polypropylene, polystyrene, polyethylene terephthalate, polyvinyl chloride, polycarbonate, acrylonitrile butadiene styrene, polyoxymethylene, polyamide, polyurethane. Polyethylene dominated the market in this segment owing to its extensive usage packaging, construction, electrical & electronics and construction. Moreover, the substitution of metal-based products with plastic based products is expected to drive the growth of polyethylene market further during the forecast period.
Based on end use industry, the market is segmented into building & construction, electronics & consumer, automotive, textile, packaging. Packaging dominated the market in this segment owing to the increased packaging demand from the rapidly growing food and beverages industry.
The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. Asia Pacific is estimated to account for the largest market share during the forecast period owing to the rapidly growing construction sector, increased R&D activity, presence of major key players and easily available raw materials.
Top 10 Plastics Market Regional Analysis:
Asia Pacific to Dominate the Market
Asia Pacific is estimated to account for the largest market share during the forecast period owing to the rapidly growing construction sector and increased R&D activity within the region.
Moreover, the presence of major key players and availability of raw materials are expected to drive the growth of the market further during the forecast period.
Top 10 Plastics Market report involves use of latest tools and techniques for researching, analyzing and gathering of data and information. The market analysis here includes competitive study, product information analysis, applications, and region-wise analysis, competitor landscape, consumption and revenue study, cost structure analysis, price evaluation and revenue analysis up to 2030. This Top 10 Plastics Market report performs systematic gathering, recording and analysis of data about the issues related to the marketing of goods and services and serves the businesses with an excellent market research report. The global Top 10 Plastics Market report provides smart solutions to the complex business challenges and commences an effortless decision-making process.
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Delvens database assists the clients by providing in-depth information in crucial business decisions. Delvens offers significant facts and figures across various industries namely Healthcare, IT & Telecom, Chemicals & Materials, Semiconductor & Electronics, Energy, Pharmaceutical, Consumer Goods & Services, Food & Beverages. Our company provides an exhaustive and comprehensive understanding of the business environment.
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Next Generation Sequencing (NGS) Market Outlook, Trends, Size, and Share Analysis
Next Generation Sequencing (NGS) Market analysis report figures out market landscape, brand awareness, latest trends, possible future issues, industry trends and customer behaviour so that the business can stand high in the crowd. It includes extensive research on the current conditions of the industry, potential of the market in the present and the future prospects from various angles. This market report comprises of data that can be pretty essential when it comes to dominating the market or making a mark in the Healthcare industry as a new emergent. To bestow clients with the best results, Next Generation Sequencing (NGS) Market research report is produced by using integrated approaches and latest technology.
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Next Generation Sequencing (NGS) Market Competitive Landscape:
10X Genomics
Agilent Technologies
BGI Group
Bio-Rad Laboratories Inc.
Brooks Automation Inc.
CD Genomics
DNASTAR Inc.
Eurofins Scientific
F. Hoffmann-La Roche Ltd.
Illumina Inc.
Macrogen Inc.
New England Biolabs
Novogene Corporation Inc.
Oxford Nanopore Technologies
Pacific Biosciences of California Inc.
PerkinElmer Inc.
Precigen Inc., (Intrexon Bioinformatics Germany GmbH)
Promega Corporation
Psomagen
Qiagen
Takara Bio
Tecan Trading Group
Thermo Fisher Scientific Inc.
Zymo Research
Next Generation Sequencing (NGS) Market Recent Developments:
In January, 2023, QIAGEN announced a strategic partnership with California-based population genomics leader Helix to advance next-generation sequencing companion diagnostics in hereditary diseases.
In March, 2023, The company SOPHiA GENETICS announced a new partnership with Qiagen that will pair QIAseq reagent technology with the DDM platform to enhance tumor analysis through next-generation sequencing (NGS).
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The global Next Generation Sequencing (NGS) market size was estimated at USD 11.59 billion in 2023 and is projected to reach USD 29.84 billion in 2030 at a CAGR of 14.47% during the forecast period 2023-2030.
Next-generation sequencing (NGS) is a massively parallel sequencing method that offers scalability, high throughput, and high speed for genome-wide sequencing of nucleotides. Because it involves the preparation of material for the subsequent sequencing reaction, DNA presequencing is one of the most important processes in a common sequencing protocol. Globally, NGS is increasingly integrated into clinical laboratory analysis, testing and disease diagnosis in the healthcare industry. In pharmacogenomics, next-generation sequencing (NGS) is often used to accelerate the drug discovery process.
The growth of the global next-generation sequencing market is primarily driven by the growth of genome mapping programs; proliferation of next-generation sequencing applications; rising health care costs; and technological advances in sequencing platforms. For example, in 2019, Thermo Fisher Scientific, a world leader in scientific services, launched a new generation platform, the Ion Torrent Genexus System, which provides sample for one-day reporting. Additionally, Agilent Technologies, Inc., an American analytical development and manufacturing company, brought in 2019, we launched the Magnis NGS Prep System, a next-generation sequencing library preparation system designed to perform complex sequencing analyzes at the push of a button. Fetal genetic makeup and configuration can be detected with NGS-oriented tests such as non-invasive prenatal testing (NIPT) and pre-implantation genetic testing (PGT). R&D-related NGS has risen to new heights thanks to investments in NGS technologies worldwide. Growing demand for genome mapping software and increasing use of NGS is fueling market growth.
Scope of the Next Generation Sequencing (NGS) Market Report:
The Next Generation Sequencing (NGS) Market is segmented into various segments such as product, application, technology, end-user and region:
Based on Product
Consumables
Sample Preparation Consumables
DNA Fragmentation, End Repair, A-Tailing and Size Selection
Library Preparation & Target Enrichment
Quality Control
Other Consumables
Platforms
HiSeq
MiSeq
Ion Torrent
Solid
Pacbio Rs II and Sequel System
Other Sequencing Platforms
Services
Sequencing Services
RNA Sequencing
Whole Exome Sequencing
Whole Genome Sequencing
Targeted Sequencing
Chip Sequencing
De Novo Sequencing
Methyl Sequencing
Data Management Services
NGS Data Analysis Services
NGS Data Analysis Software & Workbenches
NGS Storage, Management and Cloud Computing Solutions
Based on Application
Diagnostics
Biomarkers and Cancer
Reproductive Health
Personalized Medicine
Agriculture and Animal Research
Other Applications
Based on the Technology
Sequencing by Synthesis
Ion Semiconductor Sequencing
Sequencing by Ligation
Pyrosequencing
Single Molecule Real Time Sequencing
Other Technologies
Based on End User
Academic and Research Centers
Pharmaceutical and Biotechnology Companies
Hospitals and Clinics
Other End Users
Based on Region
Asia Pacific
North America
Europe
South America
Middle East & Africa
𝗙𝗿𝗲𝗾𝘂𝗲𝗻𝘁𝗹𝘆 𝗔𝘀𝗸𝗲𝗱 𝗤𝘂𝗲𝘀𝘁𝗶𝗼𝗻:
• How economy share fluctuations in their value from different manufacturers?
• Which would important players in the current market and what are their gifts in the total sales development?
• During forecast years which application areas will work well?
• Which global Next Generation Sequencing (NGS) Market trends, challenges, and important competitions of the economy have faced?
• Which are the major final effect and outcomes of the analysis of the advantages of the industry?
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Congenital Heart Disease (CHD) Market Share Analysis
Congenital Heart Disease (CHD) Market research report provides an analytical measurement of the main challenges faced by the business currently and in the upcoming years. This market report also offers a profound overview of product specification, technology, product type and production analysis by taking into account most important factors such as revenue, cost, and gross margin. Proficient capabilities and excellent resources in research, data collection, development, consulting, evaluation, compliance and regulatory services come together to generate this world-class market research report. This Congenital Heart Disease (CHD) Market report is especially designed by keeping in mind the customer requirements which will ultimately assist them in boosting their return on investment (ROI).
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Congenital Heart Disease (CHD) Market, by Type (Heart Valve Defects, Heart Wall Defects, Blood Vessel Defects, Others), Diagnosis (Electrocardiogram, Chest X-ray, Echocardiogram, Transoesophageal Echocardiogram, Pulse Oximetry, Exercise Stress Test, Cardiac CT Scan or MRI, Cardiac Catheterization, Other), Treatment (Medications, Surgery, Watchful Waiting, Others), Route of Administration (Oral, Parenteral, Others), End Users (Hospitals, Specialty Clinics, Others), Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Others), and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America). The Congenital Heart Disease (CHD) market size was estimated at USD 4.47 billion in 2023 and is projected to reach USD 8.11 billion in 2030 at a CAGR of 8.87% during the forecast period 2023-2030.
Congenital Heart Disease (CHD) Market Competitive Landscape:
Abbott Laboratories
AstraZeneca Plc
Becton Dickson & Co.
Bio-Rad Laboratories
Boston Scientific Corp.
Laboratory Corporation of America Holdings (LabCorp)
F. Hoffmann-La Roche Ltd.
Glaxosmithkline Plc
Janssen Pharmaceuticals, Inc.
Medtronic
Viatris Inc.
Novartis Ag
Pfizer, Inc.
Randox Laboratories Ltd.
Response Biomedical Corporation
Sanofi S.A.
Siemens Healthineers
Thermo Fisher Scientific Inc.
Vericel Corporation
Congenital Heart Disease (CHD) is a term used to describe a range of structural defects in the heart that are present at birth. These defects can involve the walls, valves, arteries, or veins of the heart, causing problems with blood flow and affecting the heart’s ability to pump blood effectively. Some congenital heart defects are mild and may not require treatment, while others can be more severe and require medical interventions such as surgery or medication. The exact cause of most congenital heart defects is not known, but a combination of genetic and environmental factors is thought to play a role.
The growth of the global Congenital Heart Disease (CHD) Market is mainly driven by rising prevalence of congenital heart disease globally. Moreover, increased awareness, improved diagnostic techniques, increased awareness and better access to healthcare are expected to drive the market further. In addition, the growing emphasis on paediatric cardiology and specialized care for children are expected to drive the market further during the forecast period.
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Congenital Heart Disease (CHD) Market Key Findings:
Based on type, the market is segmented into heart valve defects, heart wall defects, blood vessel defects, others. The heart wall defects dominated the market in this segment. This is due to the increase in the cases of Ventricular septal defect (VSD) or hole in the heart worldwide.
Based on diagnosis, the market is bifurcated into electrocardiogram, chest x-ray, echocardiogram, transoesophageal echocardiogram, pulse oximetry, exercise stress test, cardiac CT scan or MRI, cardiac catheterization, others. Electrocardiogram dominated the market in this segment. This is because Electrocardiogram is the most common diagnostic tool to diagnose heart defects.
Based on treatment, the market is segmented into medications, surgery, watchful waiting, others. Surgery dominated the market in this segment as it is the most common treatment for CHD. Surgical treatment can be performed open-heart surgery or minimally invasive surgery.
Based on route of administration, the market is segmented into oral, parenteral, others. Oral route of administration dominated the market in this segment. Oral is the most common route of administration for medications. Medications taken by the mouth are absorbed into the bloodstream through the digestive system.
Based on end users, the market is segmented into hospitals, specialty clinics, others. Based on end users, the market is dominated by hospitals. This is because diagnosis and treatment of CHD is most prevalent in hospitals.
Based on distribution channel, the market is segmented into hospital pharmacy, retail pharmacy, others. Hospital pharmacies dominated the market in this segment. This can be attributed to the fact that treatment for CHD are more prevalent in hospitals.
The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. North America is estimated to account for the largest market share during the forecast period due to the high prevalence of congenital heart disease and technological advancements in early diagnosis of the disease.
Congenital Heart Disease (CHD) Market Regional Analysis:
North America to Dominate the Market
North America is estimated to account for the largest market share during the forecast period. This is due to the high prevalence of congenital heart disease and technological advancements in early diagnosis of the disease.
Moreover, the strong presence of the key players in the region is expected to drive the market during the forecast period.
Congenital Heart Disease (CHD) Market Recent Developments:
In June 2023, Pfizer relaunched Eliquis, an anticoagulant used to prevent the gradual increase in the prevalence of stroke due to heart condition called atrial fibrillation which is a major concern being a common cause of death among adults.
In July 2023, Novartis announced that the US Food and Drug Administration (FDA) approved a label update for Leqvio (inclisiran) to enable earlier use in patients with elevated LDL-C who have an increased risk of heart disease, as an adjunct to diet and statin therapy.
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Pathology AI Market is Booming Worldwide by 2030
Pathology AI (Artificial Intelligence) Market research report provides an analytical measurement of the main challenges faced by the business currently and in the upcoming years. This Pathology AI Market report also offers a profound overview of product specification, technology, product type and production analysis by taking into account most important factors such as revenue, cost, and gross margin. Proficient capabilities and excellent resources in research, data collection, development, consulting, evaluation, compliance and regulatory services come together to generate this world-class market research report. This Pathology AI (Artificial Intelligence) Market report is especially designed by keeping in mind the customer requirements which will ultimately assist them in boosting their return on investment (ROI).
Pathology AI (Artificial Intelligence) Market Competitive Landscape:
General Electric Co. (GE Healthcare)
Koninklijke Philips N.V
F. Hoffmann-La Roche Ltd
Hologic, Inc
Akoya Biosciences, Inc
Aiforia
Indica Labs Inc
OptraScan
Ibex Medical Analytics Ltd.
Mindpeak GmbH
Tribun Health
Siemens Healthineers
Zebra Medical Vision, Inc.
Riverain Technologies
IDx Technologies Inc.
NovaSignal Corporation
Vuno, Inc.
Aidoc
Neural Analytics
Imagen Technologies
Digital Diagnostics, Inc.
GE Healthcare
AliveCor Inc.
Proscia Inc
PathAl, Inc.
Tempus Labs, Inc.
Pathology AI (Artificial Intelligence) Market, by Component (Software, Services), Neural network (CNN, GAN, RNN), Application (Drug Discovery, Diagnosis, Prognosis, Workflow, Education), End User (Pharma, Biotech, Hospital Labs, Research) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America). The global Pathology AI (Artificial Intelligence) market size was estimated at USD 23.4 million in 2023 and is projected to reach USD 66.53 billion in 2030 at a CAGR of 16.1% during the forecast period 2023–2030.
Pathology AI (Artificial Intelligence) Market analysis report figures out market landscape, brand awareness, latest trends, possible future issues, industry trends and customer behaviour so that the business can stand high in the crowd. It includes an extensive research on the current conditions of the industry, potential of the market in the present and the future prospects from various angles. This market report comprises of data that can be pretty essential when it comes to dominating the market or making a mark in the Pharmaceutical industry as a new emergent. To bestow clients with the best results, Pathology AI Market research document is produced by using integrated approaches and latest technology.
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Scope of the Pathology AI (Artificial Intelligence) Market Report:
The Pathology AI (Artificial Intelligence) Market is segmented into various segments such as component, neural network, application, end user and region:
Based on component
Software
Scanners
Based on the Neural network
CNN
GAN
RNN
Based on the Application
Drug Discovery
Diagnosis
Prognosis
Workflow
Education
Based on End User
Pharma
Biotech
Hospital Labs
Research
Based on region
Asia Pacific
North America
Europe
South America
Middle East & Africa
Pathology AI (Artificial Intelligence) Market Regional Analysis:
North America to Dominate the Market
North America is estimated to account for the largest market share during the forecast period. In North America, there is growing investments and reforms to modernize the pathology infrastructure in the region and the increasing adoption of digital pathology solutions.
Moreover, the expansion of healthcare infrastructure and growing market availability of advanced AI technologies.
Pathology AI (Artificial Intelligence) Market Reasons to Acquire:
Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
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Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
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Delvens database assists the clients by providing in-depth information in crucial business decisions. Delvens offers significant facts and figures across various industries namely Healthcare, IT & Telecom, Chemicals & Materials, Semiconductor & Electronics, Energy, Pharmaceutical, Consumer Goods & Services, Food & Beverages. Our company provides an exhaustive and comprehensive understanding of the business environment.
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Quantum Computing Market to Grow at a CAGR of 34.5% by 2030 | A Comprehensive Study by Delvens
Quantum Computing Market report provides statistics on the current state of the industry as a valuable source of guidance and direction for companies and investors interested in this Quantum Computing Market. The Quantum Computing Market report also plays key role in keeping hold of reputation of the firm and its products. The Quantum Computing Market report contains all the information including market definition, classifications, applications, and engagements while also detailing about what the major players are doing in respect of product launches, joint ventures, developments, mergers and acquisitions and how it is affecting the market in terms of sales, import, export, revenue and CAGR values for the market.
Quantum Computing Market: by Offering (Systems and Services), Application (Optimization, Simulation, Machine Learning, and Others), End User (Space & Defense, Transportation & Logistics, Healthcare & Pharmaceuticals, Chemicals, Banking & Finance, Energy & Power, Academia, and Government) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America). The global Quantum Computing Market size is projected to reach a CAGR of 34.5% from 2023–2030.
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The industry that concentrates on the creation, exploitation, and usage of quantum computing technology is referred to as the “quantum computing market.” The use of quantum computing allows for the performance of intricate computations and the resolution of issues that are beyond the capabilities of conventional computers. Due to this market’s enormous potential for a variety of industries, it has attracted a lot of attention and investment.
There are a number of variables driving the quantum computing business. First and foremost, there is a demand for quantum computers due to the growing need for faster and more potent computing capabilities. To handle complicated simulations, optimization, and data analysis, sectors including pharmaceuticals, banking, logistics, and materials research demand significant computer capacity.
The fact that quantum computing is still in its infancy and has many technological obstacles to overcome should not be overlooked. Research and development efforts continue to be primarily directed at the creation of stable and error-resistant qubits, which are the fundamental components of quantum computers.
Quantum Computing Market Competitive Landscape:
IBM
D-Wave Quantum Inc.
Microsoft
Amazon Web Services
Rigetti Computing
Fujitsu
Hitachi
Toshiba
Google
Intel
Quantinuum
Huawei
NEC
Accenture
Nippon Telegraph and Telephone
Bosch
Quantum Circuits
IonQ
QC Ware
PsiQuantum
Alpine Quantum Technologies GmbH
Xanadu
ABDProf
Zapata Computing
Northrop Grumman
Quantum Computing Market Recent Developments:
The Azure Quantum Resource Estimator, a tool that will help quantum algorithm developers create and improve algorithms that will run on future quantum computers, was released by Microsoft (US) in November 2022.
The Intel Quantum SDK, released by Intel (US) in September 2022, enables programmers to create new quantum algorithms for the future execution of qubits on both virtual and physical quantum hardware.
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Quantum Computing Market Key Findings:
Based on Offering the Quantum Computing Market can be segmented into Systems and Services. During the projected period, the services segment will hold a bigger market share for quantum computing. The expansion of this market might be linked to the rise in startups funding quantum computing-related research and development. Utilizing optimization, simulation, and machine learning applications, quantum computing systems and services enable end-use industries to operate at the lowest possible cost.
Based on deployment the Quantum Computing Market can be segmented into On-premises and Cloud. During the anticipated time, the cloud segment would see a greater CAGR. It is anticipated that the cloud segment would hold a greater market share for quantum computing than the on-premises segment. Users will pay for access to noisy intermediate-scale quantum (NISQ) systems that can solve practical issues as powerful systems are built, and the cloud approach is anticipated to become a key source of income for quantum computing service providers.
Based on application the Quantum Computing Market can be segmented into Optimization, Simulation, Machine Learning, and Others. Software for machine learning incorporates quantum algorithms as a component of quantum machine learning. In complex models, it becomes extremely difficult to systematically sort a large number of variables. Therefore, users can use quantum computing technology to solve this complexity in a timely and precise manner.
Based on end-use the Quantum Computing Market can be segmented into Space & Defense, Transportation & Logistics, Healthcare & Pharmaceuticals, Chemicals, Banking & Finance, Energy & Power, Academia, and Government. The BFSI now holds a sizable market share and is expected to grow rapidly over the coming years. This surge can be attributed to the banking and financial sector’s early adoption of quantum computing technologies and their potential processing power. In the banking industry, quantum computing is crucial for tackling urgent problems like cybersecurity to safeguard customers’ financial information.
The market is divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. During the anticipated period, Asia Pacific region is expected to dominate the market for quantum computing. The substantial growth of the Asia Pacific quantum computing market can be attributed to the rising demand for quantum computing systems and services from developing nations like China and South Korea for use in various applications in the aerospace & defense, healthcare & pharmaceutical, and energy & power industries in the upcoming years.
Quantum Computing Market Regional Analysis:
North America to Dominate the Market
North America dominates the Global Quantum Computing Market and is anticipated to maintain its lead during the forecast period.
The growth is majorly attributed to the presence of numerous customers based in the US. US-based businesses have quick access to quantum computers. Additionally, they have significant economies of scale and the money and resources to implement these technologies. During the projection period, these elements will fuel market expansion in the area.
Quantum Computing Market Reasons to Acquire:
Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
Gain authentic and granular data access for Quantum Computing Market to understand the trends and the factors involved in changing market situations.
Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
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Delvens is a strategic advisory and consulting company headquartered in New Delhi, India. The company holds expertise in providing syndicated research reports, customized research reports and consulting services. Delvens qualitative and quantitative data is highly utilized by each level from niche to major markets, serving more than 1K prominent companies by assuring to provide the information on country, regional and global business environment. We have a database for more than 45 industries in more than 115+ major countries globally.
Delvens database assists the clients by providing in-depth information in crucial business decisions. Delvens offers significant facts and figures across various industries namely Healthcare, IT & Telecom, Chemicals & Materials, Semiconductor & Electronics, Energy, Pharmaceutical, Consumer Goods & Services, Food & Beverages. Our company provides an exhaustive and comprehensive understanding of the business environment.
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Oat Milk Market Future Scope, Business Growth, Trends, Overview and Shares Analysis
According to Delvens, “Global Oat Milk Market Revenue, Share & Trends Analysis Report, By Source (Organic, Conventional), By Product (Plain, Flavoured), By Packaging (Cartons, Bottle), By Distribution Channel, Region, Supply & Demand Side Analysis, and Segment Forecasts, 2023–2030”. The Global Oat Milk Market is expected to reach USD 3.9 billion by 2030 from USD 2.4 billion in 2022, registering impressive expansion at a compound annual growth rate (CAGR) of 12.9%.
The Oat Milk Market report clearly explains what market definition, classifications, applications, engagements and market trends are for the Food & Beverages industry. This market study estimates the market status, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors. This global market research report is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Analysis and estimation of important industry trends, market size, and market share are mentioned in the Oat Milk Market report.
Some of the major players are Oatly; Rise Brewing; Thrive Market; Happy Planet Foods; Califia Farms; The Coca-Cola Company; Elmhurst; Pacific Foods; Danone; and HP Hood LLC among others.
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The Global Oat Milk Market report delivers a holistic analysis to understand the development scope and derive the growth rate for the forecast period. The report particularizes the market condition and forecasts the market size in the future. The report further studies the opportunities, influencers, driving factors, and limitations, through a thorough study of the leading market players of the oat milk market from the different global regions, their product types, and application markets. The prime aim of the report is to determine the revenue growth, market value, market share, CAGR, scope, challenges, growth promoters, etc.
Consumers were asked in a study about their experiences with oat milk and how seriously they take environmental issues. It was discovered that younger consumer generations were more likely to have tried or plan to try oat milk (78% for 18–24-year-olds). This information highlights the growing trend of consumers wanting to test new items and suggests that the industry will continue to expand as Gen-Z joins the workforce and starts to have more disposable income. It’s interesting to note that 25% of respondents said they had tried the beverage but didn’t care for it. This suggests that there is still some open space for rival businesses to fill. We also observe that, compared to those who have no interest, a higher percentage of respondents who have tried or want to try oat milk are generally more concerned about the environment.
Players in the business use a variety of marketing channels. The majority of sales in the plant-based milk category now come from chilled variations rather than the original shelf-stable retail offers for plant-based milk. Foodservice collaborations, like the one between Oatly and Starbucks, also contribute significantly to sales. According to Oatly, the food service channel accounts for 36% of its sales. Furthermore, with a CAGR of 14.10% for online sales of oat milk, the e-commerce channel is anticipated to develop the fastest. Oatly claims good margin targets of 40% gross profit margin and 20% adjusted EBITDA margin. The recurrent operating margin for Danone as a whole is 13.1%. An alfalfa-based milk may be able to attain similar or greater margins given the superior availability of alfalfa, its lower production cost, and the assumption of equivalent processing techniques.
Oat Milk Market Report Scope
Report Feature
Descriptions
Growth Rate
CAGR of 12.9% during the forecasting period, 2023–2030
Historical Data
2019–2021
Forecast Years
2023–2030
Base Year
2022
Units Considered
Revenue in USD billion and CAGR from 2023 to 2030
Report Segmentation
Source, Product, Packaging, and Region.
Report Attribute
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling
Regional Level Scope
North America, Europe, Asia-Pacific, South America, and Middle East and Africa
Country Level Scope
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)
Companies Profiled
PACIFIC FOODS OF OREGON, LLC., Oatly, Califia Farms, Danone, HP HOOD LLC, PepsiCo, HAPPY PLANET FOODS., Drinks Brokers Ltd, Alpro, The Quaker Oats Company, Pureharvest, Danone, The Kraft Heinz Company, Yili Industrial Group Company Limited, China Mengniu Dairy Company Limited, Mother Dairy Fruit & Vegetable Pvt. Ltd., Nestlé, Fonterra Co-operative Group, Lactalis International, Dean Foods, Hiland, Umang Daries Pvt. Ltd., DAIRY FARMERS OF AMERICA, FrieslandCampina, LALA BRANDED PRODUCTS, LLC, Oy Karl Fazer Ab, RISO SCOTTI S.p.A., and Elmhurst Milked Direct LLC
Available Customization
In addition to the market data for the Oat milk Market, Delvens offers client-centric reports customized according to the company’s specific demand and requirement.
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Oat Milk Market Overview
The market’s growth is linked to the rise in vegans’ and health-conscious customers’ need for milk made from plants that are high in nutrients. Due to issues including lactose intolerance, allergies, and the rising popularity of low-cholesterol diets, manufacturers have been obliged to introduce several plant-based replacements. This has boosted the market for oat milk, which satisfies customer demand for allergy-free products and has other positive health effects.
Manufacturers like Oatly are searching for unique milk extraction techniques to develop differentiating selling features and differentiate their goods from those of the competitors. Manufacturers purchase premium raw materials directly from farmers, lowering the cost of the finished product and fostering market growth. Due to the increasing consumer tendency towards the consumption of high-protein foods, the market for plant-based milk has grown. The demand for high-protein beverages has increased due to the population’s predisposition to exercise and sports, and it is anticipated that this trend will continue during the projected period.
Oat Milk Market Segmentation Analysis
Based on the source segment
The conventional source segment had the largest revenue share (almost 72.1%) in 2022 because of its extensive market penetration and cost-effectiveness. Manufacturers are also launching new products to expand their market share. For instance, to attract a sizable customer base, The Coca-Cola Company launched a new oat milk product under its Simply brand in April 2021 with a variety of flavours. The organic source market is predicted to see a significant CAGR between 2023 and 2030. Consumer health consciousness, a preference for pesticide-free products, and knowledge of adulteration in conventional commodities are all factors contributing to this rising growth.
Based on the product segment
The plain category overtook all other product categories in 2022 with a share of around 56.4%. The flavour-based product line appeals to customers and targets the comfort and health categories, growing at a significant CAGR during the projection period. Consumers are becoming more interested in products that offer a pleasurable experience, enhance flavour, and are beneficial to their health. There is a discernible increase in the number of people purchasing oat milk with additional tastes as a result of customer interest in the ethnic and exotic flavours provided by the manufacturers.
Based on the packaging segment
In 2022, the segment selling cartons had the highest revenue share at almost 47.1%. This is a result of the rising need for packaging options with high-quality and long shelf lives. Demand for the segment is also being driven by the growing popularity of Tetra Pak carton packaging, which is predominantly made of paperboard. Because of its lightweight characteristics and sustainability, carton packaging is receiving a major investment from several important organisations. The widespread use of carton packaging for oat milk is a result of a rise in global awareness regarding the sustainability of paper-based cartons. To boost sales, manufacturers and suppliers are emphasising the creation of packaging with eye-catching colours and distinctive patterns.
Based on the distribution channel segment
With a share of over 42.6% in 2022, the supermarkets and hypermarkets segment became the main distribution channel segment. The penetration of oat milk through the supermarket is rising as a result of improvements in the retail industry worldwide and the presence of international brands in these stores. Large grocery chains like Target, Lidl, Kroger, and Walmart sell dairy substitutes like oat milk. Sales of oat milk are anticipated to increase throughout the projection period as a result of consumers being drawn to hypermarkets and supermarkets by annual memberships and discounts offered on large purchases.
Oat Milk Market Regional Insights
With a market share of more than 46.2% in terms of value, Asia Pacific dominated the oat milk market in 2022. The need for nutritious food has increased in Asia Pacific as a result of changing lifestyles, urbanisation, and dietary preferences, which are projected to drive market figures. Due to the increased incidence of cardiovascular diseases and the number of weight management programmes, the market for plant-based milk is predicted to grow favourably in the area.
North America is expected to have significant growth over the anticipated period due to the high level of consumer awareness regarding the protein content and nutritional benefits of oat milk. The great popularity of e-commerce portals as a selling medium has led to an expansion of the market for dairy replacements in the region. The prevalence of lactose intolerance and milk allergies in North America is expected to increase, which will lead to a rise in the use of oat milk. Regional food and beverage makers are incorporating dairy substitutes into their products to appeal to a growing consumer base that is selecting plant-based products, which is causing the industry to expand even more.
Since there was such a high degree of demand for vegan and plant-based products in the region, Europe held a substantial portion of the market in 2022. Oat milk producers are concentrating on the nations in the area to enhance their market share. For instance, Califia Farms introduced a long-life oat beverage in 2020 that was only available to consumers in the United Kingdom. The company wanted to enhance the penetration of its products across the nation by persuading people to switch from dairy milk and reduce their environmental impact.
Oat Milk Market Outlook
Oat milk is a vegan product prepared from whole oat grains, which are rich in nutritional fibre, protein, and fatty acids that are vital for maintaining health. Oat milk is used in place of farm milk by vegetarians and others who are lactose intolerant since it has a comparable flavour and consistency. Oat milk provides a respectable amount of low fat and is a milk that is devoid of cholesterol.
The increasing demand for lactose-free goods because of how easily they can be digested is one of the primary drivers boosting the market for oat milk. The increasing number of people who are lactose intolerant is the main factor driving the growth of the oat milk market during the forecast period of 2023–2030. As more people learn about its benefits over other dairy substitutes, the market is likewise expanding. Increased health consciousness and oat milk’s higher fibre content than dairy milk are further factors that are expected to drive market expansion for this product between 2023 and 2030. The firm is hampered by high package maintenance expenses, though. The market’s potential for growth for oat milk is constrained by easy access to substitutes like almond milk and coconut milk. In developing economies, there is also a lack of knowledge about the advantages, which will impede market expansion over the projection period of 2023–2030.
Additionally, throughout the aforementioned forecast period, the market for oat milk will have plenty of growth potential due to the low prevalence of manufacturers in developing economies.
Key Companies & Market Share Insights
Some of the key players operating in the global oat milk market are PACIFIC FOODS OF OREGON, LLC., Oatly, Califia Farms, Danone, HP HOOD LLC, PepsiCo, HAPPY PLANET FOODS., Drinks Brokers Ltd, Alpro, The Quaker Oats Company, Pureharvest, Danone, The Kraft Heinz Company, Yili Industrial Group Company Limited, China Mengniu Dairy Company Limited, Mother Dairy Fruit & Vegetable Pvt. Ltd., Nestlé, Fonterra Co-operative Group, Lactalis International, Dean Foods, Hiland, Umang Daries Pvt. Ltd., DAIRY FARMERS OF AMERICA, FrieslandCampina, LALA BRANDED PRODUCTS, LLC, Oy Karl Fazer Ab, RISO SCOTTI S.p.A., and Elmhurst Milked Direct LLC among others.
Recent Developments
· The world’s first and largest oat drink manufacturer, Oatly Group AB (Nasdaq: OTLY)(“Oatly” or the “Company”), today announced a significant partnership with Deutsche Bahn (DB) in Germany: starting on January 1, 2022, the Oatly Barista Edition will be offered to passengers as the first-ever plant-based milk alternative in the onboard catering of ICE and Intercity trains.
· The forward-thinking and creative Happy Planet brand is introducing new varieties of oat milk, including Barista Edition and Chocolate. Over 50% of Americans now buy dairy-free milk, which has had a +425 per cent spike from the previous year and is continuing to soar in popularity.
Global Oat Milk Market Table of Contents
Source Outlook
· Organic
· Conventional
Product Outlook
· Plain
· Flavoured
Packaging Outlook
· Cartons
· Bottles
· Others
Distribution Channel Outlook
· Supermarkets & Hypermarkets
· Convenience Stores
· Online Retail
· Others
Regional Outlook
· Europe
o Germany
o U.K.
o France
o Italy
o Spain
o Sweden
o Austria
o Finland
o Belgium
o Turkey
o Russia
o Poland
o Hungary
o Czech Republic
o Switzerland
o Netherlands
o Rest of Europe
· North America
o U.S.
o Canada
o Mexico
· Asia-Pacific
o Japan
o China
o India
o Australia
o South Korea
o Vietnam
o New Zealand
o Philippines
o Thailand
o Malaysia
o Hong Kong
o Taiwan
o Singapore
o Indonesia
o Sri Lanka
o Rest of Asia-Pacific
· South America
o Brazil
o Argentina
o Chile
o Colombia
o Rest of South America
· Middle East And Africa
o South Africa
o U.A.E.
o Saudi Arabia
o Oman
o Qatar
o Iran
o Egypt
o Rest of Middle East and Africa
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Power Grid Market to Grow USD 410 billion in 2030 | Component, Power Source, Application, Region and Key Players
The global Power Grid Market size was estimated at USD 279.6 billion in 2023 and is projected to reach USD 410 billion in 2030 at a CAGR of 5.6% during the forecast period 2023-2030.
The power grid constitutes a network of interconnected power producers and consumers that are subject to management by one or more control centers and united by transmission and distribution lines. The reference of "power grid" by most individuals is often directed to the electricity transmission system. The power grid framework encompasses transmission lines and halls, power stations, as well as power distribution channels, all of which are overseen and regulated by power grid operators and service providers. This guarantees that energy reservoirs are utilized in the most sophisticated manner possible, amplifies the potential of the potent force, and augments the efficiency and accountability of power system operations.
The need for stable and reliable transmission and distribution networks has arisen due to the increasing demand for energy. A system capable of handling sudden power shorts and drops is necessary to ensure uninterrupted power supply. In developed countries, substations are being modernized to minimize losses and maintain a continuous power supply. This is achieved through the replacement of old components with modern and more efficient ones. These upgrades are designed to be smart and more protective against overcurrent situations. The investments in transmission and distribution (T&D) infrastructure are driven by the growing demand for renewable energy sources and the increasing number of power generation plants. This makes the T&D system capable of handling long-distance power flow and minimizing energy losses caused by strong currents.
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The prominent players in the Power Grid Market are
ABB
Eaton
Fuji Electric
General Electric
Havells
Hitachi Energy
Hubbell
Hyundai Electric & Energy Systems Co., Ltd.
LS Electric
Mitsubishi Electric
Nexans
NKT
Powell Industries
Prysmian Group
Schneider Electric
Secheron
Siemens
Southwire Company
Sumitomo Electric
Toshiba Energy System & Solutions Corporation
Power Grid Market Recent Developments:
In November 2022, GE Renewable Energy launched HYpact switchgear. It can be used in several applications such as mobile (truck-mounted) substations and onshore wind substations. It makes the electrical network more predictable also reduces the customer’s operational costs, as well as their impact on the environment.
In October 2022, Siemens and Eplan have formed a strategic alliance to expand their collaboration in software solutions for the industrial and infrastructure markets. Siemens' Electrical Products business unit will join the Eplan Partner Network as a strategic partner as part of this agreement. The goal is to better coordinate the products of both companies in order to provide optimised solutions for switchgear manufacturers and electrical planners.
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Scope of the Power Grid Market Report
The Power Grid Market is segmented into various segments such as component, power source, application, and region:
Based on component, the power grid market is segmented into:
Cables
Variable Speed Drives
Transformers
Switchgear
Others
based on the power source, the power grid market is segmented into:
Oil
Natural Gas
Coal
Hydro Electric
Renewables
Others
based on the application, the power grid market is segmented into:
Generation
Transmission
Distribution
based on region, the power grid market is segmented into:
Asia Pacific
North America
Europe
South America
Middle East & Africa
Power Grid Market Regional Analysis:
Asia Pacific to Dominate the Market
Asia Pacific is estimated to account for the largest market share during the forecast period. In Asia Pacific, increasing electricity demand is one of the primary drivers of growth in the Asia Pacific power grid market.
Moreover, the population in the Asia Pacific region is growing, so the electricity demand is increasing.
The Power Grid Market report answers a number of crucial questions, including:
Which companies dominate the Power Grid Market?
What current trends will influence the market over the next few years?
What are the market's opportunities, obstacles, and driving forces?
What predictions for the future can help with strategic decision-making?
What advantages does market research offer businesses?
Which particular market segments should industry players focus on in order to take advantage of the most recent technical advancements?
What is the anticipated growth rate for the market economy globally?
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