Precast Concrete Market 2021 SWOT Analysis, Top Key Company Profiles and Latest Trends

 Global Precast Concrete Industry: Set to Witness Huge Growth by 2028

The global precast concrete market size is anticipated to reach USD 149.1 billion by 2026 growing at a CAGR of 6.6% during the forecast period, according to a new study published by Polaris Market Research. The report ‘Precast Concrete Market Share, Size, Trends, & Industry Analysis Report, By Element (Walls & Barriers, Columns & Beams, Floors & Roofs, Paving Slabs); By Application; By End-User; By Region]: Segment Forecast, 2019 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends. In 2018, the non-residential segment dominated the global precast concrete industry, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.

 

A significant increase in disposable income, and construction & renovation of residential buildings drive the market growth. Increasing population, growing urbanization, and industrialization has increased the demand for precast concrete across the globe. The increasing need to reduce building time and costs, and growing demand for offsite construction supports the market growth. Other driving factors include safer construction sites, improved durability and load capacity offered by precast concrete, and development of public infrastructure. The increasing investments by governments for enhancing public infrastructure, and government premises further support market growth. Increasing demand in developing nations, and growth in global construction industry is expected provide numerous growth opportunities in the global market during the forecast period.

 

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Improvement in lifestyle due to rise in income level, especially in the developing countries of Asia-Pacific, such as India, China, and Japan, fuels the demand for precast concrete. Enhancement of public infrastructure such as parks, museums, and other structures by governments, along with growth in construction in urban areas would support the growth in the coming years.

 

Asia-Pacific generated the highest revenue in the market in 2018, and is expected to lead the global market throughout the forecast period. The growing construction sector and increasing disposable income drives the market growth. The increasing trend of design and aesthetics, along with increasing government investments in development of infrastructure supports the market growth in the region.

 

The well-known companies profiled in the report include Larsen & Toubro Limited, Kiewit Corporation, Bouygues Construction, Taisei Corporation, Julius Berger Nigeria PLC, Boral Limited, Forterra Pipe & Precast, LLC., Olson Precast Company, Gulf Precast Concrete Co. LLC, and Tindall Corporation. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

 

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Welding Materials Market 2021 SWOT Analysis, Top Key Company Profiles and Latest Trends

 Global Welding Materials Industry: Set to Witness Huge Growth by 2028

According to a new study published by Polaris Market Research. The report ‘Welding Materials Market Share, Size, Trends, & Industry Analysis Report, By Type (Fluxes & Wires, Electrode & Filler Materials); By Technology (Resistance Welding, ARC Welding, Ultrasonic Welding); By End-User, By Region: Segment Forecast, 2019 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends. In 2018, the automotive and transportation segment dominated the global market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.

The global welding materials market is estimated to reach USD 22.8 billion by 2026 growing at a CAGR of 6.6% during the forecast period, The increasing automation in various industrial processes, and use of welding materials in diverse applications such as construction, automotive, and aerospace among others is expected to support the market growth. Increasing use of welding materials in infrastructural development, and rising construction activities especially in the developing economies accelerates the market growth. Other driving factors include increasing investments in energy infrastructure, industrialization, improving aesthetics of welds, urbanization, and growing development of new filler metals to improve purity. Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities in the welding materials industry during the forecast period.

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Welding electrodes are developed from electrically conductive material, and are capable of conducting electric current to the weld. Consumable electrodes provide the filler metal of the weld puddle, and include welding wires, rods, plates, strips, wires and tapes, and combination electrodes. Consumable electrodes include a variety of metals and alloys such as steel, aluminum, titanium, and copper. Non-consumable electrodes include rods and electrodes used in resistance welding.

Asia-Pacific generated the highest revenue during 2018, and is expected to lead the global market throughout the forecast period. The presence of established industries such as manufacturing and automotive, substantial initiatives in research and development, and increasing automation of industrial processes drive the market growth. Rapid industrialization and growth of construction industry further strengthen the welding materials industry in the region. The increasing sale of passenger vehicles, coupled with increasing infrastructure development in countries such as China, and Japan increases the adoption of welding materials in the region.

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The well-known companies profiled in the report include Air Products And Chemicals, Inc., Praxair Technology, Inc., Tianjin Bridge Welding Materials Group Co., Ltd., The Lincoln Electric Company, Illinois Tool Works Inc., Ador Welding Ltd., Hyundai Welding Co., Ltd., Taiyo Nippon Sanso Corporation, Fronius International GmbH, Miller Electric Mfg. LLC, Iwatani Corporation, and Colfax Corporation. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach.

Multiparameter Patient Monitoring Market 2021 SWOT Analysis, Top Key Company Profiles and Latest Trends

 The global multiparameter patient monitoring market size was earmarked at USD 4,016.0 million by 2026 and is expected to grow at 4.2% CAGR during forecast period according to a study published by Polaris Market Research. 

The prevalence of chronic diseases such as cancer and diabetes in developed and developing regions was prime driver to growth of multiparameter patient monitoring system. Figures of roughly 18 million new cancer-stricken cases in 2018 have been diagnosed. Furthermore, endocrine diseases such as diabetes and hyperthyroidism have been infecting people in emerging economies that lead to chronic conditions requiring governance of vital parameters. Geriatric population is also liable to succumb to diseases such as cancer and diabetes and that portends favorable factors for market growth.

Emerging economies such as India and China are having deep know how of technologically advanced monitoring devices that boosts industry growth in near future. Furthermore, Government has initiated many steps to bring about awareness among doctors relating to efficacy of devices that helps speedy recovery of patients.

 

Developing economies do not adhere to high market-price because of price-sensitivity; thus reviving growth in market. Howsoever a stringent regulatory scenario may lower growth in market for the devices.

 

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Portable monitors have made life easy for patients and doctors as well, by helping monitor patient recovery more accurately. The monitors can be set up at home or in hospital. These are driving factors for multiparameter patient monitoring devices market.

 

Fixed patient recovery monitor segment will respond to high growth to order of 4%. Players such as GE Healthcare and Medtronic possess high-caliber instruments that enable accuracy on various parameters such as ECG, IBP and many more.

 

The high acuity monitor system will remain adopted at hospitals and clinics because of its integration with advanced technology. Low acuity monitor system will also scale market highs with low cost of device attributed for the good performance.   

 

Geriatric population has found upbeat market figures in multiparameter patient monitoring market with elderly and convalescing patients finding it difficult to ward off the onset of chronic diseases; hence requiring monitoring at every step. This boosts market very convincingly.

 

North America currently dominates market with high awareness and a positive regulatory scenario working in its favor. Favorable market dynamics that makes available superior quality monitors impacts industry growth favorably.

 

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India also posts encouraging figures for mutiparameter devices market that has high demand in intensive care units. The elderly population suffering from chronic disease will add impetus to substantial market growth.

Printing Inks Market 2021 SWOT Analysis, Top Key Company Profiles and Latest Trends

 Global Printing Inks Industry: Set to Witness Huge Growth by 2028

The global Printing Inks Market is anticipated to reach USD 27.8 billion by 2026 according to a new study published by Polaris Market Research.

 

The printing inks market is considered as an impulsive sector due to frequently altering consumer demands. Industry participants countenance several disruptive forces and operational challenges from time to time; however, product demand has been increasing yearly despite of such instances and the overall feedback of the companies towards the market is optimistic. Nonetheless, printing inks in the present industry scenario has to confront significant challenges to take full advantage of the new-fangled opportunities rising through the integration of print and digital ink media. More commercialization of printing inks stands at the cross roads of a major structural and transitional change.

 

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But for the conventional ink manufacturers eager to expand their market penetration there has never been a better time to be in printed communications. Most of the traditional printing ink providers have extended their product catalogs to meet the digital and more enhanced product formulations. The current industry participants can be categorized into three distinct categories including the first or leading twenty percent that are has been successful in achieving profitable growth and are constantly diversifying their product portfolio satisfying the customer needs to boost the global printing inks markets.

  

Next is the middle sixty percent of the companies that are experiencing a stagnant growth with profit margins becoming constantly squeezed and the bottom twenty percent that have been witnessing significant declines in sales margins. The market/end-use demand clearly indicates that for the middle sixty percent category companies have siganificant opportunities for development of new products and penetrate into novel markets. The global printing ink maket economic picture has slightly improved for most of the manufacturers with bad debts, access to bank lending and credits, all showing small improvements however the debtor time span and lending cost still continue to have a negative impact on most of the industry participants.

 

Increasing automation has led to greater efficiencies of product or printing ink formulations. Increasing utilization of printing inks globally in almost every application of these products has been the major driving force the printing ink market. Digital inks are expected to be the fastest growing product over the forecast period, fueled by the advancements in digital technology such as print speed and quality that has opened up new applications segments for digital inks.

 

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Asia Pacific was the largest regional market in 2017 and it is expected to emerge as the fastest growing regional industry. The region is anticipated to account for the maximum share of the overall worldwide market in terms of consumption. The robust increase in product demand from the Chinese economy and the emerging markets of the region including India, Vietnam, Thailand, and Indonesia are the major trends.

 

Some of the leading industry participants in the printing ink market include DSM, Diana Group SA, Wild Flavors GmbH, DuPont, Archer Daniels Midland, Ashland Inc., Agropur Cooperative, Kerry Group, Associated British Foods Plc, Ingredion, KF Specialty Ingredients, Eli Fried Inc., Frutarom and Naturex.

• Printing Ink Market Size and Forecast by Process Type, 2018-2026
  • Flexographic
  • Gravure
  • Lithographic
  • Digital
  • Others
• Printing Ink Market Size and Forecast by Resin Type, 2018-2026
  • Hydrocarbon
  • Acrylics
  • Modified Rosin
  • Polyamide
  • Modified Cellulose
  • Polyurethane
  • Others
• Printing Ink Market Size and Forecast by Application Type, 2018-2026
  • Flexible Packaging
  • Corrugated Cardboards
  • Tags & Labels
  • Folding Cartons
  • Others
• Printing Ink Market Size and Forecast by Regions
  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa

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Bio-Based Epoxy Resins Market Analysis, Revenue, Price, Share, Growth Rate, Forecast to 2028

 Global Bio-Based Epoxy Resins Industry: Set to Witness Huge Growth by 2028

The global bio-based polymers market was estimated to be worth of USD 14.2 billion in 2018 and is projected to grow at a CAGR of 10% over the forecast period. Bio-based polymers are obtained through the polymerization of bio-based raw materials through engineered industrial processes. The raw materials of bio-based polymers are either isolated from plants and animals or synthesized from biomass using enzymes or microorganisms. The raw materials used for manufacturing bio-based polymers includes corn fiber, wheat by-products, food processing waste, paper mill sludge, stems, leaves, livestock waste, and others.

 

Initially bio-based functional polymers were derived from agricultural feedstock, but a recent breakthrough in technology has shifted focus to derive from nucleic acids, proteins, polysaccharides, and bacterial fermentation by synthesizing monomers like fatty acids, cellulose, and starch.

 

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Increasing dependence on synthetic polymers has led to a rise in environment risks associated with disposal and recycling. The combustion of these synthetic polymers releases harmful greenhouse gasses (GHGs) and other toxic gasses into the atmosphere, thereby degrading the environment and leading to ozone depletion & global warming. Stringent environmental regulations on fossil fuel products by regulatory authorities such as the EPA and REACH coupled with government initiatives to reduce dependency on petrochemicals have been responsible for the development of bio-based alternatives.

 

 

This is further supported by the increasing awareness towards sustainability and growing demand for bio-based polymers from various end-use industries such as automotive, electrical & electronics, construction, and footwear. Bio-based construction polymer market is in its nascent phase and is estimated to witness significant growth over the next six years on account of the increasing demand from end-use industries.

 

 

The major global raw material manufacturers include companies such as Victrexplc, Mitsubishi, and Wageningen UR among several others. The bio-based content in polymer varies depending on the type of feedstock that is used during manufacturing.

 

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Major bio-based polymer manufacturers include Cargill, Lubrizol, BASF SE, Bayer Material Science, and Dow Chemical where these companies further process polymer using numerous industrial techniques. In certain cases, some companies supply the unfinished biopolymer to other small and medium-scaled companies. Moreover, several major players operating in the market such as BASF SE, Cargill, Bayer Material Science, Bio Based Technologies, and BioAmber have forward integrated their operations, starting from producing raw materials to production of bio-based polymer.

 

Major polymer manufacturers are shifting their focus towards developing sustainable technologies and are collaborating with various individual bio-based technology manufacturers in order to produce bio-based polymers. The bio-based polymer industry is consolidated in nature and has witnessed numerous M&A over the past few years.

 

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5G Testing Equipment Market Global Industry Analysis By Trends, Future Demands, Growth Factors 2028

 Global 5G Testing Equipment Industry: Set to Witness Huge Growth by 2028

The global 5G Testing Equipment Market size is predicted to reach USD 3.46 billion by 2027 according to a new study by Polaris Market Research. The report “5G Testing Equipment Market Share, Size, Trends, Industry Analysis Report, By Equipment Type (Oscilloscopes, Signal and Spectrum Analyzers, Vector Signal Generators, Network Analyzers, Others); By Source (New and Rental); By End User (Telecom Equipment Manufacturers, Original Device Manufacturers (ODMs), Telecom Service Providers, Others); By Regions; Segment Forecast, 2020 –2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

5G testing equipment is one of the advanced technologies in terms of mobile phones and network connectivity. Evolution in region of network connectivity straight from 2G, 3G, to 4G and the current version of 5G, and updated network technology. 5G is the advanced generation in the sequence of cellular communication technologies, operating in excessive radio frequency bands, allowing novel usage framework beyond current mobile broadband.

 

Recent developments in the global market include Keysight N9952A FieldFox Handheld Microwave Analyzer, 50 GHz., Keysight N9040B UXA Signal Analyzer, 2 Hz – 50 GHz, Anritsu MT1000A OTDR / CPRI Kit for Verizon Tower Testing, Consultix 5G Portable CW Transmitter, Rohde & Schwarz SMW200A Vector Signal Generator 3 GHz or 6 GHz.

 

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Moreover, continuous investment in Research and development activities also fueling the market growth. For instance, In February 2020, Cavli, a IoT hardware solution provider, announced the release of its 5G testing network within the India. The release of 5G technologies is predicted to have a transformative impact, mainly in smart regions and industries, globally. The company’s research and development is established at the Cochin.

 

The major factors driving the market growth include rising demand of smartphones and other connected equipment with upgraded features and surging demand for single network to allow various industries coupling with growing new developments. Inflating demand of 5G in segments including entertainment, construction, automotive, medical, security, and many more is building a requirement for using 5G testing equipment.

 

Anritsu, Artiza Networks Inc., EXFO Inc., Fortive Corp., Intertek Group Plc, Keysight Technologies Inc., MACOM Technology Solutions Holdings Inc., Rohde & Schwarz GmbH & Co. KG, Siklu Communication Ltd., Teradyne Inc., Trex Enterprises Corporation, and VIAVI Solutions Inc. are some of the major players operating in the market.

 

Players in the market are emphasizing on new product innovations, growing expansions, collaborations and partnerships to improve their market share and product portfolio. For instance, in July 2020, Reliance Communications, declared that Jio was developing a homegrown 5G solution. According to their claim, the company’s 5G solution will be built in India to promote Make in India initiative. Through this Reliance Jio will release world class 5G service within the home country.

 

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Similarly, in May 2020, Rohde & Schwarz collaborated with Digita, a Helsinki-based telecommunication organization, to achieve the Digital Video Broadcasting of Second Generation Terrestrial (DVB-T2) network upgrade all over Finland. Rohde & Schwarz has provided nearly 80 ultra-high frequency (UHF) HD transmitters. This amalgamation aided Digita to improve its power efficiency and redundancy all over the new network. Both the two firms have also commenced a 5G broadcast trial in the Greater Helsinki region

 

High Voltage Electric Heater Market Recent Developments | Impact of Covid 19 Detailed Analysis

 Global High Voltage Electric Heater Industry: Set to Witness Huge Growth by 2028

The global High Voltage Electric Heater Market size is expected to reach USD 7.12 billion by 2027 according to a new study by Polaris Market Research. The high voltage electric heater is directly dependent on the sale of electric vehicles across the globe. To increase the adoption of thermal management in the passenger cars and other electric vehicles is to increase the number of charging stations. One approach is to install private charging points in buildings, condominium, public places, and driveways, which is already started in developed nations.

 

Charging infrastructure is mostly depending on local issues, such as national policy frameworks, regulations, deployments, fund mobilizations, public and private investments, and human resource to maintain that system in place. Government fiscal policies in the form of tax reliefs, fund allocation, and financial incentives, significantly boost up the adoption of electric vehicles.

 

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Automotive OEMs are investing in high potential heaters for electric vehicles. Though the size of the High Potential EV market is not yet large, OEMs are using the dynamic conditions, which are mainly driven by the political agenda. For example, in the current market environment of France, players making use of government financial incentives to bolster EV sales.

 

Therefore, OEMs will have advantage of first mover to increase their market share in the concerned market. High velocity is a key success factor for significant growth of High Voltage Electric Heater, which leads to investment in sales staff training, charging infrastructure and EV after-sales management, which leads the demand for High Voltage Electric Heater.

 

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Market participants such as BorgWarner Inc., Eberspacher Gruppe GmbH, Mahle GmbH, Woory Corporation, DBK David + Baader GmbH, Tutco Inc., LG Electronics Inc., Webasto SE, and Mitsubishi Heavy Industries Ltd. are some of the key players operating in the global market.

 

The companies are focusing on innovative thermal management systems to get recognition in the booming market. In line with this, the U.S based BorgWarner Inc., provider of thermal management in electric vehicles, in March 2020, announced to launch coolant heaters in India. This has two versions single plate and dual plate. Single plate is responsible for thermal management in both battery and cabin, while dual plate performs both tasks simultaneously, along-with more surface heat transfer. Both battery and cabin heaters offer power in the range of 3 to 9 KW for the input voltages of between 250 and 500 V with alternative 800 V for fast charging.

 

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Peptide Based Cancer Therapeutics Market 2021 SWOT Analysis, Top Key Company Profiles

 Global Peptide Based Cancer Therapeutics Industry: Set to Witness Huge Growth by 2028

The global peptide based cancer therapeutics market size is expected to reach USD 17.18 billion by 2027 according to a new study by Polaris Market ResearchPeptides are compounds that are created by natural or artificial biological linking of amino acid monomers. Peptides are being widely used in therapeutics to treat several ailments, including cancer owing to their precision based nature, targeting solid tumor cells in the body. Peptide based cancer therapeutics have shown effective results against cancer as opposed to conventional cancer treatments, without much side effects.

Peptide based therapies in the treatment of cancer are majorly classified as pure play peptide therapy, vaccines based on peptide, and peptide conjugate nanomaterials. These therapies possess several advantages over others such as easy administration, specificity in targeting tumor tissues, fewer side effects as compared to drugs, and low cost of peptides.

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Market participants such as AstraZeneca PLC, Abbott, Allergan plc, Teva Pharmaceuticals, Pfizer Inc., Takeda Pharmaceutical, Amgen, Inc., Johnson & Johnson, AbbVie Inc., and Valeant Pharmaceuticals Inc., are some of the key players operating in the concerned market. In January 2020, Sony Brook University (SBU) extended its funding on FABP5 inhibitors to 2025 by demonstrating novel approach to treat last stage prostate cancer. According to the researchers of the SBU specific fatty acid binding protein (FABP) may be help in stopping cancer.

In June 2017, AstraZeneca along with National Cancer Institute Eleven entered into cooperative research and development agreement with Eleven Biotherapeutics to develop Vicinium in combination with AstraZeneca’s immune checkpoint inhibitor, Imfinzi to treat non-muscle invasive bladder cancer.

The factors propelling the market growth are the increasing prevalence of cancer across the world, cancer screening programs in emerging countries, and the high specificity of peptide based cancer vaccines. In 2016, according to analysis by NCA (National Cancer Center), 1,010,200 cancer cases were recorded, with 576,100 male patients and 434,100 women cases. The mortality rate in 2016 recorded a high with more than 374,000 cancer deaths in the country, particularly deaths associated with the most common colorectal cancer followed by gastric, lung, prostrate and breast cancers.

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Commercial Aircraft Aftermarket Parts Market SWOT Analysis, Growth Rate

 Global Commercial Aircraft Aftermarket Parts Industry: Set to Witness Huge Growth by 2028

The global commercial aircraft aftermarket parts market size is estimated to reach USD 51.14 billion by 2026 growing at a CAGR of 6.6% during the forecast period, according to a new study published by Polaris Market Research. The report ‘Commercial Aircraft Aftermarket Parts Market Share, Size, Trends, & Industry Analysis Report, By Product Type (MRO parts, Rotable Replacement Parts, Others); By Aircraft Type (Wide Body Aircraft, Narrow Body Aircraft, and Regional Jet); By Region: Segment Forecast, 2018 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends. In 2017, the MRO parts segment dominated the global commercial aircraft aftermarket parts industry, in terms of revenue. In 2017, North America accounted for the majority share in the global market.

 

The expanding global commercial aircraft industry, along with increasing average age of commercial aircrafts majorly drives the market growth. Introduction of stringent regulations regarding safety and efficient aircraft operation pushes airline operators towards proper maintenance and repair of commercial aircrafts, which supports the market growth. Other factors driving market growth include growing need for upgrade, and repair of commercial aircrafts, technological advancements, rising demand for fuel-efficient commercial aircraft, and increasing air traffic. New emerging markets, emerging consumer demographics, and sale through online channels would provide growth opportunities for the market in the coming years.

 

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The Commercial Aircraft Aftermarket Parts market is highly competitive. Vendors offer products and services required for repair and maintenance for wide range of aircrafts. Operators consider factors such as quality, price, convenience, and aircraft age before making informed decisions about repair and maintenance offered by market players.

 

In 2017, North America accounted for the highest share in the global Commercial Aircraft Aftermarket Parts industry. Increasing air traffic, technological advancements, and high investment in R&D are factors expected to drive the market growth in the region. Asia-pacific is expected to grow at the highest rate during the forecast period. This is due to economic growth in countries such as China and India, leading to rising living standards and high disposable income. Expansion of global players into these countries to tap market potential boosts the market growth. Stringent regulations regarding safety and operation of commercial aircrafts are expected to augment market growth during the forecast period.

 

The well-known companies profiled in the commercial aircraft aftermarket parts report include LKD Aerospace, B/E Aerospace, Inc., Atlantis Systems Corp., Aventure International Aviation Services, General Electric Company, Pratt & Whitney, A J Walter Aviation Limited, Rockwell Collins, Honeywell International, and BF Goodrich among others. 

 

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These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

 

Polaris Market Research has segmented the global commercial aircraft aftermarket parts market on the basis of product type, aircraft type, and region:

 Commercial Aircraft Aftermarket Parts Product Type Outlook (Revenue, USD Billion, 2015 – 2026)

• MRO parts
• Rotable Replacement Parts
• Others

 

Commercial Aircraft Aftermarket Parts Aircraft Type Outlook (Revenue, USD Billion, 2015 – 2026)

• Wide Body Aircraft
• Narrow Body Aircraft
• Regional Jet

Battery Market 2021 SWOT Analysis, Top Key Company Profiles and Latest Trends

 The global battery market size is expected to reach USD 326.01 billion by 2028 according to a new study by Polaris Market Research. The report “Battery Market Share, Size, Trends, Industry Analysis Report, By Type (Lead Acid, Lithium-Ion, Nickel Metal Hydride, Nickel Cadmium, Others); By End-Use; By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The UPS market is expected to witness substantial growth over the forecast period, in light of the growing demand for high power range systems. The increasing trend towards the adoption of UPS systems as an essential power backup device is expected to favorably impact the industry growth for batteries over the forecast period.

 

The increasing demand for energy storage systems (ESS) is expected to augment the industry demand over the forecast period. ESS utilizes batteries considering recyclability, high power delivery, and economic nature. Lead-acid batteries are the most commonly used battery types for ESS owing to applications.

 

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These applications include stand-alone systems with PV, emergency power supply systems, and battery systems for mitigation of output fluctuations from wind and solar power. Furthermore, lead-acid batteries are lower in cost when compared with other alternatives and are expected to witness industry growth over the upcoming years.

 

The battery value chain consists of raw material manufacturers, producers, distributors, and end-use industries. Batteries are commercially available for easy and direct application in various sectors including automotive, UPS, telecom, and industrial.

 

There are two types of batteries including primary and secondary. Primary batteries are the ones that can be used only once whereas secondary batteries can be charged and reused. Various batteries include lead-acid, nickel-cadmium, lithium-ion, nickel-metal hydride, and alkaline.

 

Several characteristics of nickel-metal hydride batteries including high energy density, longer lifetimes, and ease of recharging ability, its utilization is expected to increase significantly during the forecast period. Furthermore, nickel-metal hydride batteries are considered as one of the key substitutes to nickel-cadmium batteries, owing to the environmental hazards resulted due to the presence of cadmium.

 

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The Asia Pacific is expected to witness significant growth mainly in China, Japan, India, and various other countries on account of the expansion of the manufacturing base. In addition, the presence of big market players including Toyota Industries, Komatsu Limited, and Nissan Motor Company is expected to create immense industry potential over the forecast period.

 

Polaris Market Research has segmented the battery market report on the basis of type, end-use, and region:

 

Battery by Type Outlook (Revenue – USD Million, 2016 – 2028)

• Lead Acid
• Lithium-Ion
• Nickel Metal Hydride
• Nickel Cadmium
• Others

Battery by End-Use Outlook (Revenue – USD Million, 2016 – 2028)

• Automotive
• Industrial
• Consumer Goods
• Others

Battery by Regional Outlook (Revenue – USD Million, 2016 – 2028)

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • France
  • Germany
  • UK
  • Italy
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
• Middle East & Africa

Read More :

https://www.prnewswire.com/news-releases/electronic-thermal-management-materials-market-size-worth-10-04-billion-by-2028--cagr-8-9--polaris-market-research-301269761.html

https://www.medgadget.com/2021/04/fluid-management-system-market-size-is-projected-to-reach-23-2-billion-by-2028-exclusive-study-by-polaris-market-research.html