Ostomy care Market Type, Application, Market Size, End-User and Region Forecast

 The global ostomy care market is anticipated to reach USD 4.10 billion by 2024 according to a new study published by Polaris Market Research. Ostomy, also known as stoma is a surgical procedure that involves the removal of diseased portions of the urinary or gastrointestinal system and formation of an artificial opening in the stomach or abdomen to allow the elimination of body wastes. Colostomy, Ileostomy, and Urostomy are the three types of ostomy. In the colostomy, the opening is made from the large intestine to the abdominal wall so the feces can bypass through the anal canal. In Urostomy, the urine passes straight into a stoma bag and thus bypasses through urethra. In Ileostomy, the damaged part is removed from the ileum and diverted to an artificial opening in the abdominal wall.

 

The global ostomy care market is driven by the rising geriatric population and increased number of ostomy surgeries in bladder cancer, bowel cancer, and inflammatory bowel diseases. Moreover, rising number of patient awareness programs on the use of ostomy products, and new product innovation are some of the key factors responsible for the growth of the market over the forecast period. However, difficult reimbursement climate and increased cost of surgical care are factors expected to stifle the growth of the global ostomy care market through the foreseeable future.

 

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The overall market is segmented on the basis of product type, end user, and region. Based on the product, the global ostomy care market is further categorized into bags and accessories. The bags segment is further sub segmented into surgery type, usability, shape and system type. The surgery type is further broken down into colostomy, ileostomy, and urostomy. Among the surgery types, colostomy surgery is expected to exhibit strong growth followed by Ileostomy and urostomy. By usability, the bags are segmented into close end and drainable bags. On the basis of system type, the market is segmented into one-piece systems, and two-piece systems.

 

Accessories remain a very important part of the product offering and are a rapidly growing segment within ostomy care market. The accessories segment of global ostomy care market is further segmented into creams, deodorants, powders & pastes, cleansers, belt, tapes, and others.

 

On the basis of end user, the global ostomy care market is further segmented into hospitals, specialty clinics, home care settings, and ambulatory surgical centers. In 2019, the home care settings segment is estimated to dominate the global ostomy care market.

 

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By geography, the global ostomy care market is segmented into five major regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is estimated to have the largest market share for ostomy care market in 2019. This region is dominated in ostomy care market due to increased prevalence of inflammatory bowel diseases. In addition, increased patient awareness programs continue to drive penetration and market growth in this region.

 

Some of the key players in global ostomy care market include Coloplast, ConvaTec Inc., Hollister Incorporated, Alcare Co., Ltd., B. Braun Melsungen AG, BAO-Health, Welland Medical Limited, Marlen International, Nu-Hope Laboratories, Inc., and Flexicare Medical Limited among others.

 

Video Analytics Market Type, Application, Market Size, End-User and Region Forecast

 The global video analytics market size is expected to reach USD 10.87 billion by 2026 according to a new study by Polaris Market Research. Since past few years, internet of things is acting as a primary driving force in several industries. IoT applications are more valuable when incorporated with video analytics. Video surveillance devices and solutions are a major part of implementing security measures, and applying video analytics makes these surveillance systems more efficient. This technology helps reduce the workload on management and security staff, and helps capture the full value of security video by making the IP camera system more intelligent in its work.

 

Globally, video analytics is largely being used on several cities, in retail, automation, and other industrial and manufacturing sectors. As there is growing demand for industrial automation across various industrial sectors, the demand for this technology is rapidly increasing in retail, banking, financial services, manufacturing, airports, and other sectors. Additionally, increasing number of application of this technology such as motion detection, license plate detection, facial recognition, crowd counting, and traffic monitoring among others are also enhancing the adoption of this technology and thus, is expected to fuel the market growth during the forecast period. Furthermore, growing trend of BYOD, IOT, artificial intelligence, and machine learning, and growing usage of cloud-based video analytics solutions are also fueling the market growth. These and many such factors are driving the growth of the market.

 

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Though many factors are driving the market growth, there are several issues that have a negative impact on the market. Factors such as impact of poor lighting or bad weather conditions, high investment for installation, and privacy concerns are expected to hinder the market growth during the forecast period. Furthermore, development of smart cities, increasing inclination towards advanced technologies, increasing necessity of business intelligence and insights, demand for enhanced video surveillance, and growing need of edge-based analytics and recognizing & profiling applications are some of the factors providing significant growth opportunities during the forecast period.  

 

The global market is dominated by North America as people here are largely investing in video surveillance systems to replace the conventional surveillance systems in order to enhance the safety and security around. Furthermore, increasing presence of dominating players in the North American region and growing investments by public and private organizations are also fueling the growth of the market in this region. Additionally, video surveillance has become a growing trend in European countries as well, based on increasing incidents of attacks in countries such as UK, France, and Germany. However, Asia-Pacific is expected to witness a fastest growth owing to growing expansion of established and emerging players in this region, increasing number of investment, strengthening the technological expertise, increasing introduction of smart cities projects and establishment of megacities in several parts of the region. Several companies in this region are receiving significant funding to improve their technologies and make them available at a reasonable price. For instance, in 2018 Gorilla Technology raised $15 million for real-time video analytics. Such investments are increasing presence of established players is driving the growth of the market in this region.

 

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The key players in the market include International Business Machines Corporation, Cisco Systems Inc., Axis Communications, Genetec Inc., Agent Video Intelligence Ltd, Honeywell International Inc., Aventura Technologies Inc., Qognify, Avigilon Corporation, Puretech Systems Inc., Intuvision, Inc., and Allgovision Technologies Pvt. Ltd among others.

Parking Management Systems Market Future Technological Trends and Business Opportunities By 2026

 The worldwide Parking Management Systems market is anticipated to reach around USD 9,786 million by 2026 according to a new research published by Polaris Market Research. In 2017, the hardware segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global market.

 

The significant increase in the demand for luxury passenger cars coupled with significant growth in sale of motor vehicles across the world boosts the growth of parking management systems market during the forecast period. Additionally, the increasing need to improve road safety, and streamline traffic flow in populated urban areas supports the market growth. The growing demand for passenger vehicles owing to increasing disposable income, and changing lifestyles, coupled with modernization of vehicles support the growth of the parking management systems market.

 

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The increasing development of autonomous and semi-autonomous vehicles, and rising penetration of mobile devices boost the adoption of parking management systems. However, high costs of implementing parking management systems would restrict the market growth during the forecast period. New emerging markets, and growing adoption of smart cities would provide growth opportunities for parking management systems market in the coming years.

  

In 2017, North America accounted for the highest share in the global parking management systems market. The growing need to streamline traffic flow coupled with introduction of stringent regulations regarding vehicular safety accelerate the adoption of parking management system in the region. The high living standards and disposable income further increases the demand of luxury automobiles in the region. The increasing development of smart cities in the region, and development of autonomous vehicles would provide growth opportunities during the forecast period.

 

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The major players of the parking management systems market include Skyline Parking AG, Siemens AG, T2 Systems, IBM Corporation, Swarco Corporation, Kapsch TrafficCom, Skidata, Passport Inc., SAP, and Indigo Park Services. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

 

Industrial Microwave Heating Market Type, Application, Market Size, End-User and Region Forecast 2026

 The global Industrial Microwave Heating Equipment Market size is expected to reach USD 1.57 billion by 2027 according to a new study by Polaris Market Research The market is expected to grow at a substantial rate over the forecast period. Government regulations aimed at reducing energy usage, efforts taken by companies to achieve sustainable goals, coupled with rising industrialization across the globe especially in Asia Pacific region is expected to benefit the overall industry growth. Inherent advantages of industrial microwave heating systems such as low energy requirement, better control over the process and ability to offer customized services have resulted in wide applicability of these systems in a spectrum of end-use industries thus further driving the market growth.

 

The market is characterized by frequent mergers, acquisition, as well as other strategic initiatives by leading market participants. In August 2020, Meyer Burger Technology, a Swiss based conglomerate sold its subsidiary business Muegge, to Germany based equity firm HQ Equita. Muegge is involved in providing industrial microwave heating systems in addition to plasma equipment to a host of application industries.

 

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Industrial Microwave Heating Equipment is finding widespread applications in food & beverage industry and is used for microwave food drying, pasteurization, sterilization, tempering, heating, among others. The usage of microwave equipment ensure that all these processes are ensured with high efficiency, retention of original nutritional content, and in less cost. This scenario is further driving the penetration of these equipment in the food & beverage industry. This trend has resulted in a rise in demand for industrial microwave heating equipment for applications in food & beverage industries thus resulting in overall market growth.

 

China occupies a majority of market share in the Asia Pacific region. The country is highly industrialized and has emerged as a major manufacturing hub in the world. These trends have benefitted the overall market growth. The country effectively curbed the coronavirus outbreak and hence, did not suffer as much as other European countries. This ensured that the manufacturing in the country to be operational, thus benefitting the overall market growth.

 

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Industries, in the recent past paid special attention to development and modification of Industrial Microwave Heating Equipment technology to exactly match the process needs of their clients. Different application needs have different process requirements and it is imperative that these heating systems have the ability to modify parameters such as Working Frequency, Working Temperature, Working Temperature, Control Method, Conveyor Speed, Drying Temperature, among others. Continuous R&D has enabled participants to achieve the same and this trend is a major contributor to the generalization of Industrial Microwave Heating Equipment in various application industries.

                                                     

Some of the key market participants that operate in the industry include Hitachi Power Solutions Co., Ltd., Muegge GmbH, Teledyne e2v Limited, Industrial Microwave Systems Ltd., CoberMuegge LLC, Communications & Power Industries LLC (CPI), L3 Technologies, Inc., Richardson Electronics, Ltd., MDP Components, STT International Limited, Panasonic Corporation, and Toshiba International Corporation among others

 

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Electric Powertrain Market Future Technological Trends and Business Opportunities By 2026

 The global electric powertrain market size is anticipated to reach USD 604.74 billion by 2026 according to a new study published by Polaris Market Research. The report “Electric Powertrain Market Size, Share, & Trend Analysis Report By Product Type (Battery Electric Vehicle (BEV) Powertrain, Mild Hybrid Powertrain, Series Hybrid Powertrain, Parallel Hybrid Powertrain, Series-Parallel Hybrid Powertrain); By Vehicle Type (Light Vehicles, Cars, Light Trucks); By Regions, Segments & Forecast, 2019 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Electric Powertrains are the recent trends in the automotive industry. The rising trend of adopting a low carbon environment in a singular approach to prevent global warming has heralded the era of electric vehicles (EV’s). Making the most of various energy forms available has led to the development of EV’s. Regulations in regard to Carbon dioxide emissions has been hauled up and redone in the U.S., China, and Japan and European constitutions. As a result, technology has been ramped up. Furthermore, consumers are already burdened by the inflating prices of oil which is reason enough to graduate towards

 

 

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An EV derives power from alternative source of energy such as battery in stark contrast to internal combustion vehicles that is driven by fossil fuels such as petrol or diesel. The EV powertrain includes the battery, electric motor and transmission which help generate power to drive the vehicle. The powertrains in any vehicle are considered to be the pivotal component of that vehicle and is identified by its engine and transmission. The power, comfort and safety define the performance quotient of the vehicle.

 

Currently gasoline vehicles score over diesel ones but are fast losing out because of high priced gasoline which is becoming dearer as compared to diesel oil. This is leading to manufacturers going in for hybrid powertrains to reduce reliance on fuel consumption.

 

EV’s are the future of the automotive industry as fossil fuels are slated to go extinct in the next few decades. Battery electric vehicles (BEV) powertrains are the most extensively used types in the present organizational make-up. A BEV is powered entirely by electric energy. Powertrains in plug-in hybrid electric vehicle (PHEV) take help in charging from wall-mounted power supply. The series hybrid powertrains are the least used in present industry scenario and in this type; it is designed with a single path for powering the wheels. This type of powertrain operates in many modes including engine only traction, electric only traction, hybrid traction, engine traction and battery charging.

 

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The Parallel hybrid powertrains occupy two parallel paths for powering the vehicle which is the electric path and the engine path. PHEV operates in five modes and has been gaining significant traction over the years.

 

The powertrains are an energy-efficient alternative in harmony with the environment. However, they do have limitations. Two most significant ones include lead emissions from the battery and energy storage issues. 

        

The U.S, Japan, China and South Korea account for major production and these countries constitute the new-age countries having promised multi-billion-dollar investments to develop new models. The market is mildly competitive and consolidated on account of various players in the electric powertrain market.

 

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The key players in electric powertrain market include AVL LIST GmbH, ARC CORE, ALTe Technologies, IET S.p.A, ATS Automation Tooling Systems, Inc., EptDyn, TM4, Jayem Automotives, BMW Motorrad International and AllCell Technologies LLC.

 

 

 

 

Traffic road marking coating Market Type, Application, Market Size, End-User and Region Forecast

 global traffic road marking coating market was valued at USD 4,012 million in 2017 and is anticipated to grow at a CAGR of 6.2% during the forecast period. The Report “Traffic Road Marking Coating Market [By Product Type (Thermoplastic, Paint, Preformed Polymer Tape, Others); By Region]: Market size & Forecast, 2017 – 2026”

 

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The rapid increase in traffic congestion across the globe majorly drives the growth of this market. Growing concerns regarding road safety coupled with increasing need to efficiently control and management road traffic supports the market growth. A significant increase in the number of road accidents has been registered, which encourages governments to improve the road infrastructure. There has been an increasing construction of roads, especially in the developing regions of Asia-Pacific and Latin America, which further augments the growth of this market. Introduction of organic road marking coatings along with increasing awareness regarding the use of environment friendly marking materials would provide growth opportunities for traffic road marking coating market in the coming years.

 

 The well-known companies profiled in the report include : Vertex Group, Geveko Markings, Dow Chemical Company, Asian Paints PPG Pvt. Ltd., Lanino Road Marking Products, Kataline Infraproducts Pvt. Ltd., Ozark Materials, LLC, Kestrel Thermoplastics Ltd., Crown Technology LLC, and WJ Products Ltd. among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

 

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Asia-pacific is expected to grow at the highest CAGR during the forecast period. There has been increase in construction of roadways in the developing countries of Asia-Pacific. The increasing need to improve infrastructure is increasing the demand of traffic road marking coating in the region. Governments in the region are increasingly investing in the development of roadway infrastructure, augmenting the market growth. Growing concerns regarding road accidents, and rising need to control them further promotes the growth of this market. Leading global players are expanding their presence in developing nations of China, Japan, India, Indonesia, and Malaysia to tap the growth opportunities offered by these countries.

  

The various types of traffic road marking coatings include thermoplastic, paint, preformed polymer tape, and others. The paint segment is expected to lead the market during the forecast period owing to its increasing demand from the developing regions. Use of paint is generally preferred owing to its easy availability and ability to dry at a faster rate. Thermoplastic is expected to grow at the highest CAGR during the forecast period.

 

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Thermal Insulation Coating Market Type, Application, Market Size, End-User and Region Forecast

 According to a new report published by Polaris Market Research the worldwide thermal insulation coating market is anticipated to reach around USD 13,189 million by 2026. In 2017, the acrylic segment dominated the global market, in terms of revenue. In 2017, Asia-Pacific accounted for the majority share in the global thermal insulation coating market.

 

The rapid growth in the manufacturing, construction, and automotive sectors majorly drives the growth of this market. Growing need to save energy, improve performance, and reduce operation costs of equipment supports the growth of the market. The increasing applications and rising demand from industries such as aerospace & defense, automotive & transportation, and industrial are expected to boost the market growth during the forecast period.  Increasing awareness regarding construction of green and energy efficient buildings would accelerate the adoption of thermal insulation coatings. New emerging markets, and technological advancements would provide growth opportunities for thermal insulation coating market in the coming years.

 

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Asia-pacific is expected to dominate the global thermal insulation coating market during the forecast period. A significant growth in the manufacturing, automotive, and construction sectors has been registered over the past few years in China, India, and Japan, thereby driving the growth of thermal insulation coating market. Low labor costs, easy availability of raw materials, and need to improve operational efficiency in different industries further support the market growth in the region. Leading global players are expanding their presence in developing nations of China, Japan, India, Indonesia, and Malaysia to tap the growth opportunities offered by these countries.

  

The various types of products included in the report include acrylic, epoxy, polyurethane, Ytria Stabilized Zirconia, and others. The acrylic segment dominated the market in 2017 owing to its favorable properties such as high tensile strength, affordable cost, and light weight. The epoxy segment is expected to grow at the highest CAGR during the forecast period. Epoxy offers properties such as high resistance to heat and abrasion, high strength and toughness. The increasing awareness regarding green and energy-efficient buildings is expected to drive the growth of this market.

 

Thermal insulation coatings are used in various end-use industries such as manufacturing, automotive, construction, aerospace, and defense among others. The manufacturing sector accounted for the highest share in the global thermal insulation coating market. These coatings are used in the manufacturing industries for thermal insulation and improving energy efficiency of equipment such as reactors, pipes, and others. The growing demand of thermal insulation coatings for efficient performance of equipment at high-temperatures and improving overall efficiency while reducing maintenance costs supports the growth.

 

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The well-known companies profiled in the report include Nippon Paints, The DOW Chemical Company, Sharpshell Industrial Solution, Evonik Industries AG, Sherwin-Williams Company, PPG Industries, Inc., Kansai Paint Co., Ltd., Mascoat, Akzonobel N.V., and Grand Polycoats Company Pvt. Ltd.   among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

 

Electric Motors Market Global Business Trends, Share, Future Demand And Modest Analysis By 2027

 Global electric motors market is anticipated to reach over USD 157.4 billion by 2026 according to a new study published by Polaris Market Research. In 2017, the AC motor segment dominated the global market, in terms of revenue Asia-Pacific is expected to be the leading contributor to the global market revenue of electric motors during the forecast period.

 

The diverse applications of electric motors in majority of industries such as healthcare, construction, packaging, automotive, and consumer goods among others are expected to support the growth of this market. Other driving factors include rising demand for electric motor in household appliances, growing use in HVAC applications, and government support for development of high efficiency electric motors are propelling the market growth. However, high maintenance costs, and stringent regulations hampering the market growth. Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities in the coming years.

 

The growing adoption of electric vehicles is expected to support market growth of electric motors. The increasing requirement to reduce vehicle emissions and global carbon footprint drives the demand for electric vehicles. Use of electric vehicles offer benefits such as low maintenance costs, reduced harmful vehicle emissions, while providing comparable power.  Electric vehicles are increasingly being used to restrict the emission of carbon, nitrogen, and other harmful compounds from gasoline and diesel vehicles. This is one of the largest ancillary industry which is pushing the demand for electric motors globally.

 

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Asia-Pacific generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. The presence of emerging industries such as healthcare, agriculture, construction, and automotive, substantial initiatives in research and development, and favorable government policies drive the market growth. Rapid industrialization and growth of manufacturing industry further support market growth in the region.

 

The different types of electric motors include AC motors, DC motors, and hermetic motors. In 2017, the AC motor segment accounted for the highest market share owing to the increasing demand for AC motors from industries such as agriculture, paper & pulp, and chemicals. They are majorly used in industrial applications and machine tools. Some key features offered by AC motors include controlled acceleration, low power demand on start, adjustable operational speed, adjustable torque limit, and reduced power line disturbances among others.

 

The well-known companies profiled in the report include Emerson Electric Co., Rockwell Automation, Inc., Ametek, Inc., Siemens AG, Denso Corporation, Bosch Group, Baldor Electric Co., ABB Ltd., Hitachi, Ltd., General Electric Company, Allied Motion Technologies, Inc., and Regal Beloit Corporation among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

 

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Durable Medical Equipment Market Global Business Trends, Share, Future Demand And Modest Analysis By 2027

 The global durable medical equipment (DME) market is anticipated to reach USD 246.6 billion by 2026 according to a new study published by Polaris Market Research. Durable Medical Equipment (DME) is provides beneficial benefits to a patient in need because of certain illnesses or/ and medical conditions. The durable medical equipment is primarily used to serve a medical purpose. They can be used at home and they are reusable.

The technological advancement in medical equipment is one of the key factors responsible for growth of durable equipment market globally. The progress in medical equipment technologies has helped in advance and treatment diagnosis. For example, for blood sugar testing, urine test was used. But these days, introduction of blood glucose strips made easy detection of sugar level in blood. Moreover, rising geriatric population also increases the demand for durable medical equipment. The old people are more susceptible to chronic diseases that require extensive care. According to World Health organization, the number of people aged 60 or above is projected to reach 1.5 billion by 2050. The WHO says, between 2015 and 2050, the proportion of the world’s population over 60 years will almost double from 12% to 22%.

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The global durable medical equipment (DME) market is segmented on the basis of device type, end user, and by region. By device type, the global durable medical equipment market is further segmented into three major categories, which includes therapeutic and monitoring devices, personal mobility devices, and medical furniture and bathroom safety devices. The therapeutic and monitoring segment is further segmented into, infusion pumps, nebulizers, blood glucose monitors, oxygen equipment, and other devices. The therapeutic and monitoring segment estimated to grow at high pace during the forecast period. The personal mobility devices segment is further categorized into, Walker and rollators, Scooters, Wheelchairs, Door openers, and other devices. The personal mobility devices are estimated to account major share in global durable medical equipment market in 2017. On the basis of medical furniture and bathroom safety devices, the global durable medical equipment market is further segmented into, Bedding & mattresses devices, and commodes and toilets.

By end user, the global durable medical equipment (DME) market is further sub segmented into Hospitals, specialty clinics, ambulatory surgical centers, diagnostic centers, home healthcare, and others. On the basis of end user, the hospital segmented is expected to hold high share in global durable medical equipment market. The easy availability of medical devices in hospitals is the key factor responsible for high share of the segment in the global durable medical equipment market.

On the basis of geography, the global durable medical equipment market is segmented into five major regions, North America, Europe, Asia Pacific, Latin America, and Middle East& Africa. The North America is estimated to account major share in global durable medical equipment market. The Asia Pacific is expected to grow at high CAGR over the forecast period in the global durable medical equipment market.

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The major players in the durable medical equipment (DME) market include as Stryker Corporation, Medtronic plc., Baxter International, Inc., Medline Industries, Inc., Becton, Dickinson and Company, Sunrise Medical (US) LLC, Invacare Corporation, ResMed, Inc., Hill-Rom Holdings, Inc., among other players.

 

Polymer Gel Market Global Business Trends, Share, Future Demand And Modest Analysis By 2027

 According to a new research published by Polaris Market Research the worldwide Polymer Gel Market is anticipated to reach around USD 8,836 million by 2026. In 2017, the personal care segment dominated the global market, in terms of revenue. In 2017, Asia-Pacific accounted for the majority share in the global polymer gel market.

 

The use of polymer gel in wide applications such as personal care, healthcare, agriculture, pharmaceutical, and construction among others majorly drives the growth of this market. Growing awareness regarding personal care and increasing disposable income, especially in developing regions boost the growth of the. The consumers are increasingly using products such as contact lenses, cosmetics, and personal care products, thereby augmenting the growth of polymer gel market. Technological advancements and increasing applications in pharmaceuticals and healthcare sectors would provide growth opportunities in the future. New emerging markets, emerging consumer demographics, and technological advancements would provide growth opportunities for polymer gel market in the coming years.

 

 

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Asia-pacific is expected to lead the global polymer gel market during the forecast period. A significant rise in the infant and geriatric population has been registered over the past few years, boosting the growth of polymer gel market. Increasing awareness personal care and hygiene, and rising disposable incomes in developing countries of this region augment the market growth in the region. Increasing application of polymer gel in healthcare and pharmaceutical also supports growth in this region. Use of polymer gel in agriculture, construction, and waste treatment further increases the demand of polymer gel in Asia-Pacific. Polymer gels are increasingly being used in manufacturing robotic actuators and artificial muscles. The increasing need of automation in manufacturing and other industries in the region drive the growth of robotics, thereby strengthening the market of polymer gel. Leading global players are expanding their presence in developing nations of China, Japan, India, Indonesia, and Malaysia to tap the growth opportunities offered by these countries.

 

The personal care segment is expected to lead the market during the forecast period owing to wide applications in the industry. Polymer gel is used in diapers and female hygiene products owing to their high absorbing properties. Polymer gel is also used in cosmetics and contact lenses. Increasing   disposable income and rising awareness regarding personal hygiene boosts the growth of the market.

 

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The well-known companies profiled in the report include LG Chemicals Ltd., Chemtex Specialty Limited, BASF Corporation, Evonik Industries, FIMA Group Ltd, Nippon Shokubai Co., Ltd., SDP Global Co., Ltd., Sumitomo Seika Chemicals Co., Ltd, Ma’s Group Inc., and Dow Chemicals among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

Photovoltaic Materials Market Global Business Trends, Share, Future Demand And Modest Analysis By 2027

 According to a new report published by Polaris Market Research the worldwide Photovoltaic Materials Market is anticipated to reach around USD 44,073 million by 2026. In 2017, the Polycrystalline Silicon segment dominated the global market, in terms of revenue. In 2017, Asia-Pacific accounted for the majority share in the global Photovoltaic Materials market.

 

The increase in the adoption of renewable energy sources drives the growth of this market. Growing concerns regarding environmental pollution caused by fossil fuels and their limited availability support the market growth. There has been an increasing demand of solar technology owing to low operating costs and less maintenance. Governments are increasingly investing in the development of solar technology to accelerate the adoption of renewable sources, thereby supporting market growth. However, high installation costs of solar systems limit the growth of the market. New emerging markets, and declining costs of photovoltaic materials would provide growth opportunities in the coming years.

 

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Asia-pacific dominated the global Photovoltaic Materials Market during the forecast period. A significant rise in the initiatives taken by governments of China, India, and Japan to promote the use of solar technology to reduce carbon footprint supports the growth of the market in the region. Incentives provided by the governments to the commercial sector industries using solar technology has resulted in high demand of photovoltaic materials in the region. China leads the Asia-Pacific Photovoltaic Materials market during the forecast period. Regions such as North America and Europe export solar cells from Asia-Pacific, thereby supporting market growth in the region. Increasing awareness regarding use of renewable sources and green technologies augments the market growth in the region. Leading global players are expanding their presence in developing nations of India, Indonesia, and Malaysia to tap the growth opportunities offered by these countries.

  

The various types of photovoltaic materials include Monocrystalline Silicon, Polycrystalline Silicon, Cadmium Telluride, and Copper Indium Gallium Selenide among. The Polycrystalline Silicon segment is expected to lead the market during the forecast period owing to affordable manufacturing process and use in varied applications. The Copper Indium Gallium Selenide segment is expected to grow at the highest CAGR during the forecast period.

 

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The well-known companies profiled in the report include DuPont, Targray Technology International, Inc, Shin-Etsu Chemicals Co., Ltd., Mitsubishi Material Corporation, Hemlock Semiconductor Corporation LLC, Atecom Technology Co., Ltd., American Elements, Ferrotec Corporation, Topray Solar, Hangzhou First Applied Material Co. Ltd., 1366 Technologies Inc., NovoPolymers NV among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

Kitchen Appliances Market Global Business Trends, Share, Future Demand and Modest Analysis by 2027

 The global kitchen appliances market is anticipated to reach USD 340.9 billion by 2026 according to a new report published by Polaris Market Research. In 2019, the refrigerator segment dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global market revenue during the forecast period.

 

The changing lifestyles and hectic schedules of the working professionals lead to growing demand for kitchen appliances. Consumers prefer kitchen appliances, which are easy–to-operate and facilitate faster cooking. Rising disposable income is one of the factors responsible for the growth of the market. Increasing propensity of consumers to spend on appliances to lead convenient lives has also resulted in an increased demand for kitchen appliances.

 

The other factors responsible for the growth of the market are convenience in fast cooking and healthy food consumption. Players in the market are launching cooking appliances which enable faster cooking while keeping the nutrients of food intact. Introduction of energy efficient cooking appliances equipped with multiple cooking functionalities are available in the market to cater to the consumers in the market. Moreover, the increasing trend of smart appliances would also encourage manufacturers to launch innovative kitchen appliances, which are compact and easy-to-use.

 

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There has been a considerable increase in middle class and young working population across the globe. Rising female working population and busy schedules of people have led to an increasing demand of kitchen appliances. Increase in the number of social gatherings coupled with growing need for quick and efficient kitchen activities has boosted the market. Growing purchasing power of individuals has led to increased spending on consumer goods. Rising disposable income enables consumers to purchase multipurpose and easy-to-operate kitchen appliances to simplify and ease their kitchen activities. Consumers generally opt for stylish and technologically advanced kitchen appliances, which complement their living standards. Market players are introducing new products equipped with advanced features at affordable prices to cater to the growing consumer demands.

 

North America generated the highest revenue in the market in 2019, and is expected to lead the global market throughout the forecast period. The high living standards along with high disposable income in the region encourage consumers to purchase kitchen appliances to simplify kitchen activities. The growing adoption of smart technologies and home automation systems is further expected to augment market growth in the region. Asia-Pacific is expected to grow at a significant rate during the forecast period owing to the increasing population and improving living standards.

 

The different types of kitchen appliances include cooking appliances, refrigerators, dishwashers, and others. In 2019, refrigerators accounted for the highest market share owing to increasing need to conserve edible items at a range of different temperatures. Consumers prefer to use energy efficient refrigerators owing to growing environmental concerns. Introduction of advanced refrigerators equipped with smart technologies is expected to drive the market in the future.

 

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The various end-users of kitchen appliances include residential and commercial users. In 2019, residential users accounted for the largest share in the global market, and are estimated to grow at a substantial rate during the forecast period. Residential consumers are increasingly spending on kitchen appliances to simplify kitchen chores and lead comfortable lives. Household consumers are opting for kitchen appliances, which are energy efficient and have minimal space requirements. In addition, improvement in living standards has encouraged consumers to buy technology-driven and luxury kitchen appliances. Integration of technologies such as Internet of Things and smart technologies into kitchen appliances is expected to provide growth opportunities in the coming years.

 

The well-known companies profiled in the report include Whirlpool Corporation, Robert Bosch GmbH, LG Electronics, AB Electrolux, Haier Group Corporation, Panasonic Corporation, Samsung Electronics, Koninklijke Philips N.V., Sharp Corporation. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.