Wednesday, 30 December 2020

Flame Retardant Apparel Market Size Historical Growth, Analysis, Opportunities and Forecast To 2027

 The global flame retardant apparel market size is expected to reach USD 5.11 billion by 2027 according to a new study by Polaris Market Research. The report “Flame Retardant Apparel Market Share, Size, Trends, Industry Analysis Report, By Product (Inherent, Treated); By Type (Woven, Non-Woven, Knitted), By Clothing Type (Durable, Disposable); By End Use; By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Manufacturers are using new technologies to develop garments with properties such as flame protection, durability, and comfort owing to the increasing demand from the industrial sector, driving market growth. Manufacturers have developed multi-utility apparels for wide range industries. Apparels of this type offer flame retardant, chemical protection, and cut protection. This offers high growth opportunity for the market growth.

 

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Manufacturers of protective clothing in North America and Europe need to comply with government regulations and standards enforced by associations such as OSHA. Governments in emerging economies are trying to establish stringent health and safety regulations and create an effective safety awareness programs for worker safety. As a result, the demand for flame retardant apparels is expected to witness growth across the regions.

 

Asia Pacific is expected to witness fastest growth over the projected period owing to the expansion of various several end-use industries such as automotive, manufacturing, and construction. In addition, the increasing number of production facilities in countries such as India and China is expected to further drive demand. Therefore, demand for protective apparels is anticipated to rise significantly driving the demand for flame retardant apparels. Recently, however, workers have started to purchase their own protective gear from online stores. Workers can choose from a wide variety of brands that comply with their company’s guidelines.

 

Companies such as Honeywell Safety, Bulwark, Seyntex N.V., Fristads, Marina Textil S.L., DEVA F-M. s.r.o., Koninklijke Ten Cate N.V., Portwest Ltd., Lakeland Industries, and National Safety Apparel Inc. are some of the key players operating in the concerned market.

 

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The market is fragmented with few major players operating across the regions. Companies such as Lenzing AG, Honeywell International, Bulwark, Kermel, 3M, W. L. Gore & Associates GmbH, and Dupont are few of the companies present across the globe and majorly provide flame retardant apparels and fabric.

 

Special Effect Masterbatches Market 2020 - Global Trends, Growth, Opportunities and Market Forecast to 2027

The global special effect masterbatches market size is expected to reach USD 4.69 billion by 2027 according to a new study by Polaris Market Research. The report “Global Special Effect Masterbatches Market Share, Size, Trends, Industry Analysis Report, By Effects Type (Appearance, Functional, Material), By Application (Hygiene & Baby Product, Automotive, Home Care & Household, Consumer Appliances, Packaging, Sports & Leisure, Others); By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Special effect masterbatches are used for medical applications are medical equipment, drug delivery systems, and single-use devices. They are also used for diagnostic imaging equipment such as MRI scanners, CT scanners, ECG machines, ultrasound machines, x-ray systems, patient monitoring systems, and diagnostic kits. Special effect masterbatches are also used in single-use devices such as surgical clips, wound clips, filter media, housing and functional parts for disposable items, and multiple-use devices such as components for sterilizer equipment, grips/handles for surgical instruments, minimally invasive surgical devices.

 

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Product development and process innovation are key aspects of the special effect masterbatches market. Constantly changing consumer needs and preferences are defining trends in the current market scenario. Pre-designed special masterbatches are of high demand in industrial applications such as automotive, packaging, consumer appliances, etc.

 

One of the technologies used for making special effect masterbatches is blow molding. Blow molding is a robust manufacturing technology, with the help of which, resonating plastic pieces are manufactured. The common blow molding types include injection blow, extrusion, and injection stretch blow molding. Furthermore, blow molding has several advantages, and it is used in the automotive industry. Also, due to the advancement in this technology, it can now compete with injection molding and thermoforming technologies. An important new area for this technology is in packaging products.

 

The gross domestic product (GDP) is one of the prime factors indicating the economic health of any country. Since the global economic crisis in 2008, the world GDP has witnessed significant growth in the past seven-eight years. The global GDP is estimated to grow at an average rate of 3% per year and is expected to double in the next two decades.

 

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The global special effect masterbatches market is predicted to remain buoyant throughout the forecast period. The companies continually reinventing growth drivers by producing creative content adapted to each tribe of application. Among the major applications, the packaging and consumer appliances segment have lucrative opportunities over the forecast period.

 

Some of the key participants in the special effect masterbatches industry include both tier-I and tier-II players. Clariant AG, Ampacet Corporation, Polyone Corporation, A. Schulman, Inc., Dongguan Greentech Plastics Co., Ltd, KK Polycolor Asia ltd, Cabot Corporation, Kandui Industries Pvt. Ltd, Teknor Apex, Hubron International, Sonali Polymers Pvt. Ltd, Gabriel-Chemie, Plastika Kritis S.A., Americhem Inc., Plastiblends India Ltd, Tosaf Group, and Penn Color, Inc. In March 2020, the Asia business expansion consultant, DKSH, entered into a distribution agreement with China-based Chengdu Silike Technology Co., Ltd, for its silicone masterbatches in Europe.

 

Anti-Biofilm Wound Dressing Market Size Historical Growth, Analysis, Opportunities and Forecast To 2027

 The global anti-biofilm wound dressing market size is expected to reach USD 1,154.2 million by 2027 according to a new study by Polaris Market Research. The report “Anti-biofilm Wound Dressing Market Share, Size, Trends, Industry Analysis Report By Mode of Mechanism  (Physical (Ultrasound Debridement, Manual Debridement, Pulse Electrical Field), Biological (Bacteriophage, Lactoferrin, Dispersin B, Others), Chemical (EDTA, Ionic Silver, Iodine, Others)); By Application [Chronic Wounds (Venous Leg Ulcers, Pressure Ulcers, Diabetic Foot Ulcers, & Others)]; [Acute Wounds (Burn Wounds, Traumatic & Surgical Wounds)]; By End Use (Hospital, Wound Care Centers, Clinics & Others); By Regions; Segment Forecast, 2020 –2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Anti-biofilm is obtained from natural plants. The inhibition of biofilm formation includes the mechanism of the suppression of microbial adhesion & by the inhibition of polymer matrix & ECM generation with the interference at the bacterial co-aggregation & QS network. This antibiofilm dressing are utilised in the treatment of chronic wounds patients in the U.S. The Biofilm comprises of Microlyte which is ultra-thin in nature. Additionally, the dressing is composed of bioresorbable synthetic polymers. The biofilm includes ionic & metallic silver that destroy bacteria in dressing process on a wound surface.

 

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Recent developments in anti-biofilm wound dressing include the usage of lactoferrin and xylitol antibiofilm development. Both lactoferrin and xylitol are naturally derived antimicrobials. They are more efficacious against existing biofilm. As lactoferrin and xylitol has been used to combat bacteria, the usage of these agents in combination therapy provides a variety of advantages as it is cost-effective, more easily available, biofilm-targeted therapy for both the wounds i.e. acute & chronic wounds.

 

The prominent factors favoring the market growth include increasing chronic diseases and innovations in anti-biofilm wound procedures. As per the National Diabetes Statistic Report, 2017 around 100 million people within the U.S. are suffering from diabetes or prediabetes. Moreover, according to the International Diabetes Federation, the incidence of diabetes is predicted to rise from 366.0 million in 2011 to 552.0 million by 2030 worldwide. While prolonged diabetes is the reason for diabetic foot ulcers, the increasing cases of diabetes are predicted to positively influence the expansion of the global market.

 

The majority of the chronic wounds needs a prolonged recovery span, responsible for the frequent replacements of dressings. Hence, the demand for anti-biofilm wound dressing therapy are rising.  Meanwhile, the cases of sports injury are also rising as more & more people are now well acquainted with the benefits of the sports, due to which injury cases are also rising in larger extent which is boosting the market growth.

 

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Market participants such as Urgo Medical, ConvaTec, Coloplast, Smith & Nephew PLC, Next Science, 3M, Monarch Labs, Mega Pharma (Pvt) Ltd., BioMonde, B. Braun Melsungen AG, Molnlycke Healthcare, Lohmann & Rauscher & Arobella Medical are some of the key players operating in the global market. Players in the market are focusing on the mergers & acquisitions, collaborations, product extension & geographical expansion. Additionally, the companies are making huge investments in research and development activities to develop new products & to compete with the other players.

 

Medical Holography Market Size Historical Growth, Analysis, Opportunities and Forecast To 2027

 The global medical holography market size is expected to reach USD 4.22 billion by 2027 according to a new study by Polaris Market Research. The report “Medical Holography Market Share, Size, Trends, Industry Analysis Report, By Product (Holographic Displays (Laser, Touchable, Piston, Semi-Transparent), Microscope, Print, Software, and Others); By Application (Imaging (Ophthalmology, Dentistry, Urology, Otology, Orthopedics, Others), Medical Education, and Biomedical Research); By End Use (Academic Centers, Pharmaceutical & Biotechnology Companies, Hospitals & Clinics, and Research Laboratories); By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Medical holography refers to a technique that can develop three-dimensional images of the targeted organ of the body. Development of 3-D image of any specific organ of interest for the surgeons or physicians is of notable importance as it simplifies the treatment procedure for the physicians.

 

The traditional CT-scan and MRI-scan only delivers 2-D image while requiring the surgeons or physicians to develop a 3-D image in their mind in order to clearly understand the existing situation and thereby, suggest further course of action. Whereas, holography simplifies the same through 3-D imaging technique for healthcare employees.

 

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Medical holography has transformed the healthcare industry with 3-D images of complex organs simplifying the healthcare education & training and boosting the sector research. Various products used in medical holography including holoscopes, software, prints, microscopes, and displays enable the healthcare professionals to view human anatomy in three dimensions.

  

The prominent factors favoring the global market growth include advancement in medical holography technique, investments in development of holography-based gadgets, and extensive adoption of medical holography technique among the healthcare institutions such as hospitals and clinical research organizations (CROs) to assist the physician in their operating procedure and clinical researchers all through their healthcare research.

 

Medical holographic projections and imaging has led to a notable change in training and education as well as all through the biomedical research. Also, digital holograms and holography technique are also extensively deployed all through the hospital training and teaching programs. The 3-dimensional visualization through using the technique develop an interactive and interesting learning environment as holography assists in retaining more information as compared to the traditional learning methodologies.

 

With the rising focus on implementing structural biology across the healthcare institutions and medical training centers, key players operating in the market are proactively focusing on development of holography software and holographic prints to be deployed for training and teaching applications.

 

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The market players are involved in developing cost-effective three-dimensional kit for healthcare professionals and medical students that would assist them while performing dissections and surgeries without any requirement of real organs and bodies. In September 2019, EchoPixel launched an advanced intraoperative software for offering touchless, naked-eye interactive three-dimensional anatomical imaging in order to assist surgeons while performing structural heart surgeries in the operating rooms, laboratories, and hybrid operating rooms. Such technique paves the way for personalizing and improving the delivery of the most demanded minimally invasive procedures.

 

Some of the players involved in the market space include Lyncee Tec, zSpace, Inc., Phase Holographic Imaging AB, RealView Imaging Ltd., Nanolive SA, and Zebra Imaging, EON Reality, Inc., EchoPixel, Holoxica Ltd., Mach7 Technologies, and Ovizio Imaging Systems.

 

Players in the market are focusing on new product development and acquisitions to boost their product portfolio as well as expand their geographical presence across various countries and regions. Moreover, the companies have raised funding to boost the development of the holographic products that contributes to their market share. In July 2020, RealView Imaging raised approximately USD 10 million for the development of a three-dimensional in-Air hologram device.

 

COVID-19 Diagnostics Market Overview with Detailed Analysis, Competitive landscape Forecast to 2027

 The global COVID-19 diagnostics market size is expected to reach USD 23.67 billion by 2027 according to a new study by Polaris Market Research. The report “COVID-19 Diagnostics Market Share, Size, Trends, Industry Analysis Report, By Product & Service Type (Instruments, Reagents & Kits, Service); By Sample Type (Nasopharyngeal (NP) Swab, Oropharyngeal (OP) Swab, Nasal Swabs, Blood, Others); By Test Type (Molecular (PCR) Testing, Antigen-based Testing, Antibody (Serology) Testing, Others); By Mode; By End Use; By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

COVID-19 medical tests play an important role in management of coronavirus and thus helping in containing the virus infection. These tests are available as POC and non-POC across various healthcare settings such as hospitals, diagnostic centers, physician clinics, and research laboratories. POC test are comparatively easier than the other swab-based tests but they lack sensitivity and specificity thus providing a non-conclusive result.

 

While these tests are useful in real-time monitoring of infection as a preliminary test, the swab-based tests are necessity for confirmation of COVID-19 infection as they incorporate RT-PCR technology, which provide accurate results. The recent requirements for COVID-19 tests are higher accuracy, faster results, low-cost, and high sensitivity towards coronavirus.

 

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The market drivers for COVID-19 diagnostic includes rapidly increasing COVID-19 infections across the globe, increasing number of patients undergoing diagnosis, government initiatives such as Sero testing, increased preference of physicians and patients towards POC testing, and increased requirement for COVID-19 test by non-profit organizations.

 

According to World Health Organization (WHO) as of September there were 29 million cases of COVID-19 infections worldwide, affecting about 213 countries and increasing rapidly. The relaxation in lockdowns across the countries and increasing number of testing is expected to drive the demand for COVID-19 diagnostics market. In addition, emergence of second wave of infections in Europe is likely to have a positive impact on the market growth.

 

Companies such as Cepheid, 1drop Inc., ALDATU BIOSCIENCES, Altona Diagnostics GmbH, Perkin Elmer, Inc., bioMerieux SA, Danaher, Hologic Inc., Abbott, Luminex Corporation, ADT Biotech, Mylab Discovery Solutions Pvt Ltd., Laboratory Corporation of America Holdings, Quest Diagnostics, Quidel, Neuberg Diagnostics, Thermo Fisher Scientific, Inc., F. Hoffman-La Roche Ltd. and Veredus Laboratories are some of the key players operating in the market.

 

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Tuesday, 29 December 2020

5G Services Market Overview, Industry Top Manufactures, Size, Growth rate

The global 5G Services market size is expected to reach USD 498.3 billion by 2027 according to a new study by Polaris Market Research. The report “5G Services Market Share, Size, Trends, Industry Analysis Report, By Communication Type (FWA, eMBB, uRLLC, mMTC); By End-Use (Smart Cities, Connected Workers, Connected Vehicles, Connected Factories, Smart Buildings, Smart Utilities, Connected Healthcare); By Industry Vertical (Energy & Utility, Media & Entertainment, IT & Telecom, Transportation & Logistics, Healthcare, Retail, Agriculture, O&G and Mining, BFSI, Construction, and Real Estate); By Regions; Segment Forecast, 2021 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

5G is the next generation cellular technology, offers download speeds approximately 100 times faster than 4G LTE networks. 5G services improve telecommunication service providers and businesses to deploy and operate 5G network. 5G technology is being increasingly commercialized in different parts of the globe, with China leading the race. Moreover, it has a higher consistency & lower latency in comparison to the previous technologies.

 

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The growing incorporation of AR/VR technology across various verticals, such as aerospace & defence, automotive, medical, and retail, is also expected to fuel the product demand in the coming years. The prominence of OTT services such as Netflix, Amazon Prime, Hulu, Disney+, etc. has disrupted the media and entertainment industry and on-demand content is being increasingly preferred by the younger generation.

 

Robust deployment of 5G services, networks, and infrastructure advancement to provide enhance services for the customers is projected to drive the demand in the forecast years. Collaboration between the smartphone manufacturers, chipset providers and telecommunication providers will help in the acceleration of commercial 5G services. Therefore, the demand for 5G services can likely be engineered 5G component to make its use in a cost-effective manner.

 

Market participants such as AT&T Inc., Bharti Airtel Limited, BT Group plc,  China Mobile Ltd., China Telecom Corporation Limited, Deutsche Telekom AG, KT Corporation, NTT Docomo, Reliance Jio, SK Telecom Co., Ltd., Sprint Corporation, Telecom Italia, Telstra, Verizon Communications Inc., and Vodafone Group are some of the key players operating in the global market.

 

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Recent key initiatives by the key industry players show expresses the need of such services. For instance, recently Airtel renewed its partnership with Ericsson to enhance the performance of Airtel’s cellular networks and customer experience through Ericsson Operation Engine across India. Moreover, Reliance Jio and Google has made a strategic move by making a deal to manufacture an affordable 5G Android based operating system smartphone and launch services as well. Telefonica Deutschland has signed contracts with multiple vendors to build 5G cellular network across Germany.

 

The 5G services manufacturers are focusing on enhanced mobile broadband (eMBB) segment to deliver higher capacity and higher user mobility that will enable broadband services of mobile in moving vehicles including car, buses, trains and planes. In China, for instance, the government has drastically reduced licensing costs to speed up the rolling out of 5G services. Furthermore, the IT and telecom vertical are expected to rise in the coming years as the growing demand for higher data speeds and enhanced virtual business meetings.

 

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U.S. Durable Medical Equipment Market Overview, Industry Top Manufactures, Size, Growth rate

 The U.S. Durable Medical Equipment market size is expected to reach USD 76.32 billion by 2026 according to a new study by Polaris Market Research. The medical device manufacturers are developing new and improved equipment based on durability and reliability to improve the quality of life of the patients in need. With growing demand for home healthcare, the adoption of home care equipment is also increasing. Several new organizations are established that are launching and scaling advanced home care models to move primary, acute, and palliative care to the home. There are numerous dynamics that are driving patient’s preference for healthcare settings specifically towards home which in-turn is enhancing the adoption of durable medical equipment across various regions.


The primary factor driving the growth of durable medical equipment market in the U.S. is growing aging population and increasing demand for assisted care in a comfortable environment. Currently, there are over 40 million people in the U.S. alone aged 65 years & above and this number is anticipated to double by 2050. Rapidly growing geriatric population, which forms the key target population for DME, is anticipated to bolster the growth of the market over the forecast period. Furthermore, increasing prevalence of chronic diseases, growing technological advancements, and increasing government initiatives to improve healthcare are some other factors fueling the growth of this market. The rising geriatric population is expected to increase susceptibility toward chronic conditions such as diabetes, cardiovascular disorders, and other lifestyle disorders. With an ever-increasing prevalence of diseases and baby boomer population, healthcare expenditure levels are expected to continue to grow during the forecast period. The growth of home healthcare as a cost-effective alternative over hospital stay is expected to serve this market as a key driver over the forecast period.


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The key players in the market include Invacare Corporation, Sunrise Medical, ArjoHuntleigh, Hill Rom, Inc, Stryker Corporation, Medline Industries Inc., Drive Medical, GF Health Products Inc., and Carex Health Brands, Inc. among others.


Though many factors are driving the market growth, there are several issues that have a negative impact on the market. Failure to meet the desired performance is another vital reason why healthcare professionals hesitate from using DME, especially personal mobility devices. At times, while carrying obese patients, these equipment tend to break, which usually happens due to wear and tear. In such situations, the patient is at greater risk and prone to severe accidents and injuries. Also, DME are primarily used in the home healthcare settings and the fact that remuneration for home health & personal aides are significantly lower than other personal care & service workers and well below the median for all occupations discourages individuals to take up home health aide as a profession, which is expected to restrain market growth.  

 

The U.S. DME market is expected to witness a significant growth during the forecast period. Based on several government initiatives and insurance coverage, it is easy for the patients to use these equipment at a low cost. Both Medicare and Medicaid offer coverage for DME that are prescribed by the doctor for home use. Most DME can be purchased without prescription, however, some devices such as oxygen equipment require prescription. In addition, prescription becomes essential in case of reimbursement or the coverage.

 

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Furthermore, numerous companies are launching technologically advanced systems to improve the usage and sales of DME. For instance, in August 2018 Somnoware, launched its enhanced durable medical equipment DME ordering capability for enterprise healthcare systems. Also, in May 2019 Breg, Inc., launched Breg Vision 7.0, in Apple’s app store, the next generation of its paperless workflow management system for orthopedic providers, to automates and optimizes in-house durable medical equipment (DME) programs. Such activities not only improves the existing technologies but also helps smoothen the purchase and usage process for the patients.

 

5G Enterprise Market: Global Industry Analysis, Size, Share, Trends, Growth and Forecast

The global 5G enterprise market size is predicted to reach USD 31.4 billion by 2027 according to a new study by Polaris Market Research. The report “5G Enterprise Market Share, Size, Trends, Industry Analysis Report, By Access Equipment Type (Radio Node, service Node, DAS); By Core Network Technology (SDN, NFV); By Service(Platform and Software); By Organization Size(SMEs, Large Enterprises); By End User (BFSI, Media and Entertainment, Retail and Ecommerce, Healthcare and Life Sciences, Government and Defense, Transportation and Logistics, Manufacturing, Agriculture, IT and Telecommunications, Others); By Regions; Segment Forecast, 2020 –2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

5G is the latest model of the cellular mobile communications with updated and latest technology is very speedy and when combining with new innovative technologies such as Internet of things and smart manufacturing capabilities are going to generate a whole exquisite experience for the customer. They will establish new connectivity, which will assist the businesses to widen their capabilities.

 

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Recent developments in the market include X50 (baseband), X55 (baseband), X60 (baseband), Snapdragon 765 and 765G, Snapdragon Serie 6, Exynos 5100, Dimensity 1000L SoC / MT6885 based on Helio M70 and Makalu Ivy510. These instruments offer new and advanced technological features and supports 5G NR radio interference.

  

The prominent factors favoring the global market growth include rising demand of smartphones with advanced features and increasing demand for single network to allow several industries coupling with increasing new developments.

 

For instance, in February 2019, Infosys declared that they have commenced a 5G technology as a service to form their own distribution network. This will assist the big firms to establish their own economic world by utilizing 5G technology. 5G Living labs will originate at Indianapolis, Bengaluru, Frankfurt, Richardson, and Melbourne.

 

Market participants such as Affirmed Networks, Airspan Networks, American Tower, AT&T Inc., China Mobile, Ciena Corporation, Cisco Systems Inc., Comba Telecom Systems, Commscope, EE Limited (BT Group), Ericsson, Extreme Networks, Fujitsu, Hewlett Packard Enterprise, Huawei Technologies Co., Juniper Networks, Korea Telecom, Mavenir, NEC, Nokia, Qualcomm Technologies Inc., Samsung, SK Telecom Co. Ltd., T-Mobile, Verizon Communications, VMware, Inc., ZTE Corporation are some of the key players operating in the global market.

 

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Players in the market are focusing on new product launches, increasing expansions, collaborations and partnerships to enhance their market share and product portfolio. For instance, in October 2018, Fujitsu Limited and Ericsson signed a contract to supply end-to-end 5G network solutions and associated services under a strategic partnership. The partnership focused to invent 5G solutions based on their integrated portfolios, for the ongoing 5G network project in Japan, connecting telecom service providers to the 5G ecosystem across the globe.

 

Wind Turbine Casting Market Overview, Industry Top Manufactures, Size, Growth rate

The global wind turbine casting market size is expected to reach USD 2.9 billion by 2027 according to a new study by Polaris Market Research. The report “Wind Turbine Casting Market Analysis By Type (Horizontal Axis, Vertical Axis); By Application (Onshore, Offshore); By Regions, Segments and Forecasts, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The wind energy is the alternative energy of the conventional energy sources, as it primarily uses kinetic energy from wind and transforms it into electricity. The growth in awareness about the alternative energy sources among the leading end users to meet the industry standards and government standards. Moreover, in general wind turbine are formed and manufactured to maintain its lifespan of 20 years. Considering the wind turbine, it has different components, including a tower, gearbox, mainframe, rotor blades, rotor bearings, generators, power converter, rotor hub, primary shaft, nacelle housing, and wires. Rotor hubs, axle pins, transformer, and main carriers are the primary components that go through casting. In a wind turbine, rotor hubs are cast parts and undergo heavy stress. Casting aids are ideally suited for the development of composite parts in elevated creep resistance.

 

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The growth of the market is primarily influenced with the increase in favorable public measures to support the use of renewable energy sources and the need to reduce carbon footprints and emissions. Moreover, the rapid urbanization combined with increasing construction industry has risen electricity demand, which in turn increase the demand for wind turbine. Such factors are raising the demand for the wind turbine casting in the global market during the forecast period.

 

Considering the current market scenario, the growing wind energy facilities are anticipated to generate the favorable needs in the market. The key countries such as the US, Germany, Japan, China, India, Brazil, the UK, and South Africa are increasing amount of offshore applications facilities, which further expected to enhance the market growth over the forecast time. It is expected that the increase in demand for longer lifespan and reduced maintenance costs of wind turbine castings are expected to increase opportunities in the global market for the manufacturers in the coming years.

 

Based on product type, the horizontal axis segment is expected to account for the major share in the global market over the forecast period. Moreover, the high effectiveness and energy output are further anticipated to be the opportunity in the market for the manufacturers to invest in the research and development activities of the wind turbine castings in the forthcoming years. In addition to this, the onshore segment is also expected to hold significant share in the global wind turbine castings industry over the forecast period.

 

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Some of the key players in the market are Vestas, Suzlon, Goldwind, Sinovel, DHI DCW Group Co., SAKANA Group, Premier Heavy Engineering, SHW Casting Technologies GmbH & Co. KG, Global Castings, Riyue Heavy Industry Corporation Ltd., SEFORGE Elyria Foundry Company, LLC and Enercon Ltd. The key players in wind turbine castings industry have adopted the strategy of product innovation in order to gain competitive share in the global market.