Oilfield Chemicals Market With Business Strategies And Analysis To 2028

 The Global Oilfield Chemicals Market Is Anticipated To Reach USD 35.08 Billion By 2026 According To A new study published by Polaris Market Research.

 

The moderate increase currently and expected boom in the near future of crude oil prices are expected to bring about increases in demand for oilfield chemicals that are used in well drilling & completion, hydraulic fracturing and EOR operations. The revival of drilling operations in the existing wells owing to increase in crude prices to a feasible level and the rise in drilling of unconventional wells for pilot project and also for production especially in the North American and North Sea regions will add to demand for these products. The enhanced technologies currently utilized for developing shale gas and tight oil resources have evolved as major trend over the past years. This will include the ongoing trend towards fracturing fluids for slick water and also high-performance drilling mud chemicals.

 

 

Some of the leading industry participants currently operating in the industry include Clariant, Solvay, NALCO, Croda International Plc, Baker Hughes, Kemira, Halliburton, Schlumberger Limited, Stepan Company, Akzo Nobel N.V., The Lubrizol Corporation, BASF SE and Dow Chemical Company

 

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Development of several chemical formulations that can address environmental concerns will have an important impact on its market, promoting to added demand for high quality environmentally friendly chemicals, including less toxic biocides and biodegradable shale inhibitors. Offshore operations are anticipated to stay vital contributor for the market globally and the necessity for environmentally compatible chemicals and fluids will be leading in the offshore environments.

 

Projections for raw materials used for the development of oilfield chemicals are entrenched in the finished products outlook in which these are used. Polymers and acids used in such stimulation chemicals are expected to register higher growth, driven by constant expansion of the well stimulation technologies. However, clays along with other commodities used in the drilling fluids are anticipated to decline moderately early over the forecast period.

 

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Increasing concerns for pollution of groundwater and the environment are some of the major concerns for the industry participants. Companies have been investing significantly in R&D operations to constantly upgrade their products and offer novel chemicals to the upstream sector that satisfy every aspect of environmental regulations thus enhancing the required parameters of operations.

 

 North America is expected to be the largest market by the end of the forecast period. The U.S. market is anticipated to grow at a CAGR of around 4% from 2018 to 2026. After a short term decline in demand for these products in the country, the growing exploration and production from unconventional wells have played a major role boosting its demand again.Hydraulic fracturing is anticipated to be one of the major application segments globally. Despite the low crude prices, increase in average volume of chemicals used per well during 2017 was a primary factor driving the market.

 

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Thermochromic Materials Market Size, Recent Advancement & Scope Top Trends

 The global thermochromic materials market size is anticipated to reach USD 8.29 billion by 2026 according to a new report published by Polaris Market Research. The report “Thermochromic Materials Market Share, Size, Trends, Industry Analysis Report By Type (Liquid Crystals, Leuco Dyes); By Product (Reversible Thermochromic Materials, Irreversible Thermochromic Materials); By Application (Paints and Pigments, Medical Devices, Food Quality Indicators); By Regions: Segment Forecast, 2019 – 2026” provides detailed insight into current growth indices and taps future market trends.

 

 In 2018, paints and pigments segment dominated the global market in revenue terms. 2018 also saw Europe coming good with majority share in global thermochromic materials market. A growing demand for reversible thermochromic materials in application industries is expected to drive market growth over forecast period.   

               

The textile industry drives growth due to nurturing of smart textiles. The use of product in paints, inks and pigments bolsters growth. A growing trend towards smart and intelligent packaging has shot the demand for product in food quality indicators and labeling ahead. There has been diligent use of product in applications such as toys, baby diapers and battery gauges which are on an increasing drive worldwide. A growing demand from developing economies, striving applications and technological advancements are factors expected to boost the industry growth during forecast period.

 

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The growing use of product in food quality indicators to ascertain the quality of frozen meat and dairy products in double with use of thermochromic materials in inks, paints and coatings is forecasted to drive growth.

 

Restraints exist with difficult to encrypt chemical formulations and in keeping formulation stable over the entire process of reversible thermochromic materials which are expected to hamper market growth. However constant R&D will ease the instability issues with reversible materials and will in turn attract market growth.

 

Europe dominated the global industry for thermochromic materials during forecast period. A significant rise in determining quality of packaging in frozen food and meat supports the growth in the region. An increasing trend overseen is employing smart and intelligent packaging which has resulted in high product demand in the region.

 

Asia pacific has grown at a fast rate during forecast period. Increasing demand from textile and automotive industries is the reason for high growth of thermochromic materials in the region. Leading global players are eyeing nations of China, Japan and India to strongly foster growth opportunities on offer by these countries.

 

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The players functionally merge with other players to come up with new product launches in order to meet consumer expectations. The key industry players in thermochromic materials market include Shanghai Caison Color Material Chem.Co. Ltd., QCR Solutions, Indestructible Paints Limited, New Color Chemical Co, Hali Industrial Co Ltd., Fraunhofer IAPP, Kolortek  CO. Ltd., LCR Hallcrest LLC, and New Prismatic Enterprises Co. LTD.

 

5G Smartphone Market Size, Outlook, Key Prospects And Future Growth

 The global 5G Smartphone Market size is expected to grow at a CAGR of 122.7% from 2020 to 2027 according to a new study by Polaris Market Research. The report “5G Smartphone Market Share, Size, Trends, Industry Analysis Report, By Operating System (iOS, Android, Windows, Others); By Sales Channel (Online, Offline); By SIM Type (Single SIM, Multi SIM); By End User (B2B, B2C); By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

The demand for 5G smartphones in 2019 was 12.42 million units, however the market saw a precipitous decline in the average  selling price during Q1 of 2020 due to the COVID-19 pandemic as one of the major reasons and the price fall continued during Q2-2020. Another major reason of the decline was the low-priced Chinese 5G devices. However, the overall market is expected to bounce back during Q3 and Q4 of 2020 and is estimated to accelerate and grow during the forecast period. This also affected the average selling price of the 5G devices.

 

5G Smartphone are devices that support the fifth generation of mobile networking. 5G technology is being increasingly commercialized in different parts of the globe, with China leading the race. Theoretically, 5G is said to be 100 times faster than its predecessor, with estimated speeds up to 10 Gbps. Smartphones require 5G compatible sensors and receivers to support the additional speeds.

 

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The increasing demand for high speed internet for both small and large sized businesses and individuals for buffer-free streaming and the prominence of over the top (OTT) services such as Netflix, Amazon Prime, Hulu, Disney+, etc. are the prominent factors responsible for this prolific growth.

 

On-demand content is being increasingly preferred by the younger generation, and the advent of 5G Smartphone will provide them with a tool for viewing high quality content on the go. High speed internet is required for providing a hassle-free streaming experience. Furthermore, with the growth of both residential and industrial IoT, smartphones will play the role of a personalized authentication device for enhanced security purposes.

 

Collaboration between the smartphone manufacturers, chipset providers and telecommunication providers will help in the acceleration of commercial 5G services. Furthermore, government bodies around the globe are mulling over regulations pertaining to the user of 5G spectrum to speed up the adoption of 5G.

 

 

In China, for instance, the government has drastically reduced licensing costs to speed up the rolling out of 5G services. The U.S. Federal Communications Commission (FCC), on the other hand, has amended the rules that govern equipment modification. New hardware can be installed on the existing poles to bring down the capital costs and speedup the deployment of 5G. Since 5G will be build mainly on the existing 4G infrastructure, the stakeholders will need to provide fool-proof strategies to ensure that the networks are capable of handling the additional data speed and connected devices.

 

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Apple Inc., Ericsson, China Mobile, Huawei Technologies Co. Ltd., Motorola, Inc., Lenovo Group Limited, BBK Electronics Corporation, Nokia, LG Electronics Inc., TCL Communication Limited, Xiaomi Corporation, Samsung Electronics Co., Ltd and Vivo Mobile Communication Co., Ltd. some of the key players operating in the market.

 

The 5G smartphone manufacturers are focusing on indirect sales channels to increase their unit sales. Xiomi, for instance, is bringing down its operational expenses by partnering with platforms such as Walmart and Amazon for 5G smartphone sales. Also, prominent players such as Samsung and BBK electronics are aggressively pursuing the mid-range smartphone segment to target the middle and upper echelons of the society.

 

Furthermore, the number of multi-SIM smartphone models are expected to increase in the coming years, as the manufacturers are promoting dual-network capability in smartphones. Samsung, for instance, supports dual-SIM technology in A51 5G smartphone, which was launched in April, 2020. These allow the consumers to use a local and a roaming SIM in the same device during international travel.

 

Polaris Market research has segmented the 5G Smartphone market report on the basis of operating system, sales channel, sim type, end user and region

5G Smartphone Operating System Outlook (Volume – Million Units, Revenue – USD Billion, 2019 – 2027)

• iOS
• Android
• Windows
• Others

5G Smartphone Sales Channel Outlook (Volume – Million Units, Revenue – USD Billion, 2019 – 2027)

• Online
• Offline

5G Smartphone SIM Type Outlook (Volume – Million Units, Revenue – USD Billion, 2019 – 2027)

• Single SIM
• Multi SIM

5G Smartphone End User Outlook (Volume – Million Units, Revenue – USD Billion, 2019 – 2027)

• B2B
• B2C

 

Zeolite Market Size, Outlook, Key Prospects And Future Growth

 The global zeolite market size is expected to reach USD 36.98 billion by 2027 according to a new study by Polaris Market Research. The report “Zeolite Market Share, Size, Trends, Industry Analysis Report, By Product Type [Natural (Clinoptilolite, Mordenite, Others), Synthetic Zeolite (Zeolite A, Type X, Type Y, USY, ZSM 5)]; By End-Use (Building & Construction, Water Treatment, Animal Nutrition, Odor Control & Desiccant, Detergent, Agriculture, Others); By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

A number of synthetic zeolite manufacturers produce different grades, where low-grade zeolites are used in detergents and high grades are used in the petrochemical industry. Manufacturers of the product include Tosoh Corporation, Honeywell International Inc., BASF SE, Albemarle Corporation, and Clariant AG. Apart from the large-scale manufacturers, numerous small- and medium-scale manufacturers are present in Asia Pacific, owing to the rising demand from the region which is likely to drive market growth.

 

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Raw materials required to synthesize zeolite industrially are sodium silicate (Na₂O₃Si), sodium hydroxide (NaOH), and aluminum oxide (Al₂O₃). These chemical compounds are manufactured in bulk and can be categorized as commodity chemicals for a wide range of applications. Several companies across the world manufacture these compounds such as BASF SE, Bayer AG, and The Dow Chemical Company, among others.

 

Na₂O₃Si is manufactured by companies such as Evonik Industries, BASF SE, and W.R. Grace. & Co. Raw materials are easily available in different concentrations as per the requirements of zeolite manufacturers. Zeolite manufacturers such as W.R. Grace & Co., Albemarle Corporation, and BASF SE manufacture and market raw materials required for the manufacture of zeolite.

 

One of the important applications of synthetic zeolite is for FCC (Fluid Catalytic Cracking) catalysts. FCC is a process by means of which complex hydrocarbon molecules are broken down into simple hydrocarbon molecules. FCC is a type of secondary unit operation, used to produce gasoline in the refining process. Increasing demand for petroleum across the world has resulted in high demand for synthetic over natural products, which are used as catalysts.

 

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Furthermore, FCC has higher application in North America compared to other regions where hydrocracking is more prevalent. The high demand for energy in the region resulted in the sustained growth of productivity. Production in this region is expected to exhibit continued growth in the near future. Global application of zeolitic catalysts in petroleum and refineries is expected to grow in the next few years. This, in turn, would contribute to the growth of the market.

 

Market participants such as BASF SE, Honeywell International Inc., Steelhead Specialty Minerals, Arkema SA, Tosoh Corporation, KNT Group, Clariant AG, National Aluminium Company Limited, PQ Group Holdings Inc., Albemarle Corporation, and Rota Mining Corporation. are some of the key players operating in the global market.

 

NALCO has lined up investment worth USD 2.4 billion for increasing its production capacity, reaching untapped areas, and increasing coal production. Approximately half of the investment would be made in association with its joint venture. The majority of the funds would be used to enhance its alumina and aluminum business to increase its share in the market.

 

Dietary Supplements Market Overview, Trends Forecast Analysis By Top Manufactures

 The dietary supplements market is anticipated to reach USD 349.4 billion by 2026 according to a new study published by Polaris Market Research. In 2019, the vitamins 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.

 

A significant increase in the obese population, changing lifestyles, and initiatives and funding by governments to promote healthy lifestyles primarily drive the growth of this market.  Other driving factors include increasing diseases associated with obesity, increasing disposable income, and increasing awareness regarding health and nutrition. The increase in obesity related diseases such as diabetes and hypertension along with sedentary lifestyles of consumers further propel the adoption of dietary supplements. The number of memberships for health clubs and gyms has increased significantly over the years, further promoting the growth of dietary supplements. Increasing demand in developing nations is expected provide numerous growth opportunities to the market players during the forecast period.

 

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There has been a significant increase in obesity across the world. In 2015, 2.2 billion people, including children and adults, were reported to be obese. A significant increase in child obesity has also been registered over the past years. The highest level of obese child and young population has been reported in the U.S. while the highest adult obesity has been reported in Egypt. Obese people have greater chances of acquiring obesity related diseases such as Diabetes and cardiovascular diseases. These increasing concerns about healthy living coupled with increasing awareness regarding proper nutrition have encouraged consumers to adopt dietary supplements, thereby promoting the growth of the market. 

 

Improvement in lifestyle due to rise in income level, especially in the developing countries of Asia-Pacific fuels the demand for dietary supplements market. Factors such as increase in per capita income and changes in consumer behavior towards nutrition and healthy eating habits are expected to accelerate the adoption of dietary supplements in the coming years.

 

Asia-Pacific generated the highest revenue in the market in 2019, and is expected to lead the global market throughout the forecast period. The high geriatric population in the region coupled with increasing disposable income drives the market growth. The sedentary lifestyle of consumers in the region has encouraged them to adopt dietary supplements to stay healthy and acquire proper nutrition. Increasing disposable incomes in developing countries of this region, rising awareness about health benefits of dietary supplements, and growing presence of fitness centres further foster the growth in this region.

 

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The different end-users in the market include adults, children, infants, pregnant women, and geriatric. In 2019, adults accounted for the highest market share. However, adoption of dietary supplements in children is expected to grow at the highest CAGR during the forecast period. The increasing demand for dietary supplements in children is owing to increasing need for proper nutrition, reduce chances of illness, and decrease incidences of child obesity.

 

The well-known companies profiled in the report include Abott Laboratories, GlaxoSmithKline, Herbalife International, Bayer AG, Pfizer Inc., Nutraceutics Inc., Glanbia Nutritionals, Amway, Carlyle Group, Arkopharma Laboratoires Pharmaceutiques, Bionova Lifesciences, and Danisco A/S 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.

 

Precision Agriculture Market Size, Outlook, Key Prospects And Future Growth

 The global precision agriculture market is anticipated to reach over USD 13,016 million by 2026, According to a new study published by Polaris Market Research. In 2017, the yield monitoring application 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.

 

There has been an increasing adoption of precision farming across the world owing to growing agricultural industry, and high-demand for food crops. The global precision farming market is driven by the increasing need to improve the quality of crops produced, maximizing crop production, and enhanced crop monitoring. Technological advancement along with government subsidies further boosts the market growth. However, high initial investment and lack of awareness limit the precision farming market growth.

 

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North America generated the highest revenue in the precision agriculture market in 2017, and is expected to lead the global market throughout the forecast period. This is due to high cost of labor, and presence of large farmlands in the North American region. Increasing investments and subsidies in the agriculture sector by governments boost the precision farming market growth during the forecast period in the region. Increasing need to improve food quality and productivity along with increased industrialization of farming equipment further supplements market growth.

  

Various applications of precision farming include irrigation management, crop scouting, yield monitoring, weather tracking and forecasting, field mapping, inventory management, and farm labor management. In 2017, yield monitoring accounted for the largest share in the global market, and was estimated at $1,974 million in 2017, registering a CAGR of 13.2% during the forecast period. This is attributable to the benefits offered by yield monitoring such as reduced cost, improved yields, and enhanced decision making. Yield monitoring is further divided into on-farm yield monitoring, and off-farm yield monitoring.

 

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The well-known companies profiled in the report include Ag Leader Technology, AGCO Corporation, Deere and Company, Topcon Corporation, Trimble, Inc., The Climate Corporation, Farmers Edge Inc., and AgJunction, Inc. 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.

 

Carrageenan Market Size, Recent Advancement & Scope Top Trends

 The global carrageenan market size is expected to reach USD 1.18 billion by 2028 according to a new study by Polaris Market research. The report “Carrageenan Market Share, Size, Trends, Industry Analysis Report, By Product (Kappa, Iota, Lambda); By Function (Thickener, Gelling Agent, Stabilizer, Others); By Application (Food & Beverage, Pharmaceutical, Personal Care & Cosmetics, Others); By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

In 2020, the food & beverage market segment accounted for the largest share, due to the high penetration of the food processing industry, particularly in emerging nations. Carrageenan is majorly used in the food & beverage market due to its ability in increasing the texture and viscosity of the food.

 

Moreover, carrageenan finds itself in several food formulations such as jams, candies, desserts, jellies, toppings, sauces, gravies, salad dressings, and soups to have the desired texture. It is expected that its functional capabilities, acceptance among consumers, the positive endorsement will also complement carrageenan demand in the concerned market.

 

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Among food & beverage, the bakery market segment is projected to witness a lucrative growth rate over the assessment period. The growing demand for natural baked foods and the rising trend for healthy snacks is expected to drive the product demand. Moreover, the growing use of carrageenan as a thickening and gelling agent in bakery products is also increasing the segment’s market growth prospects.

 

 

The pharmaceutical market segment is project ted to hold revenue share. Carrageenan is used as excipients in drug delivery systems as suspender, wetting agent, solubilizing agent, stabilizer, and adhesive agent. Such distinct features are particularly suitable for liquid medicines. It forms a transparent gel with high thixotropic properties, particularly used in syrups and emulsions.

 

Asia Pacific carrageenan demand is expected to witness a lucrative market growth rate over the assessment period owing to rapid advances in the dairy and food processing industry. Moreover, increasing consumer demand towards clean-label food and dairy products also pressurizing manufacturers in the region to focus on carrageenan product innovations in the last few years.

 

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Market participants such DuPont, CP Kelco, Ingredion Incorporated, Ceamsa, Aquarev Industries, MCPI Corporation, W Hydrocolloids Inc., LAUTA Ltd., Marcel Trading Corporation, TBK Manufacturing Corporation, Erik Ocaya and Josh Cabrera, ACCEL Carrageenan Corporation, Cargill, Incorporated, Ashland, and TIC Gums, Inc.

 

Polaris Market research has segmented the carrageenan market report on the basis of product, function, application, and region:

 

Carrageenan, Product Outlook (Revenue – USD Million, 2016 – 2028)

• Kappa
• Iota
• Lambda

Carrageenan, Function Outlook (Revenue – USD Million, 2016 – 2028)

• Thickener
• Gelling Agent
• Stabilizer
• Others

Carrageenan, Application Outlook (Revenue – USD Million, 2016 – 2028)

• Food & Beverage
• Pharmaceutical
• Personal Care & Cosmetics
• Others

 

Badminton Shoe Market Size, Recent Advancement & Scope Top Trends

 The global badminton shoes market size is expected to reach USD 5.51 billion by 2027 according to a new study by Polaris Market Research. As the penetration of badminton has increased, more and more consumers prefer badminton footwear to be comfortable to have positive impact on their performance. These shoes typically possess cushioning effect to spread pressure on feet, to avoid any sort of injury during tournament. Earlier, badminton shoes were manufactured by weaving multiple layers of fabrics with each other causing heavy generation of waste as well as requiring more labor force. With product innovation, shoe-knitting is a technology that knits badminton shoes just like a pair of socks.

It has been a very primitive and effective strategy to promote products offered for a particular sport by collaborating with famous personalities of that game. This helps the consumers attach their feelings for famous sports player with the footwear and apparels brand they adorn. The manufacturers of badminton shoes have been collaborating with key badminton players from particular countries to endorse their products. This has aided in significant revenue rise with several badminton enthusiasts wearing specific shoes to play the sport.

 

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As several badminton tournaments are being hosted around the world every year, the number of participants playing the tournaments have also increased considerably. As more and more local players have started to represent badminton on an international stage, viewership has also witnessed an abrupt increase. This, in turn, has augmented the demand for various badminton accessories including shoes.

 

Many badminton manufacturers have utilized outsourcing strategy efficiently in recent past to earn more profit margins. Outsourcing the production of badminton shoes to regions like Asia helps in reducing the cost price of the product effectively. The lower wages required to manufacture shoes is one of the key reasons for Asian countries becoming a shoes manufacturing hub.

 

Market participants such as Li Ning Company Limited, Lotto Sport Italia, ASICS Corporation, Yonex Co., Ltd, Adidas AG, VICTOR RACKETS IND. CORP, Mizuno USA, Inc., Carlton Sports, Babolat, Cosco (India) Ltd, and Puma SE. are some of the key players operating in the global market.

 

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Companies like Babolat, Li Ning, Yonex, Adidas, Puma and Asics have focused on offering their products in all geographical regions through various channels at company’s disposal. While companies like Lotto and Mizuno have been focusing majorly on regions like Europe, North America and Asia. Carlton Sports have been targeting United Kingdom and USA through their online channel SportsDirect and some countries of Asia through e-commerce websites. Victor Rackets Ind. Corp are focusing on countries like Taiwan and India. Cosco India has only focused on Indian market.

 

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Isolation Beds Market Size, Outlook, Key Prospects And Future Growth

 The global Isolation Beds market size is expected to reach USD 5.22 billion by 2027 according to a new study by Polaris Market Research. The report “Global Isolation Beds Market Share, Size, Trends, Industry Analysis Report, By Type (Manual, Electric, Hydraulic, and Pneumatic), By Usage (Critical, Bariatric, Medical Surgery, Pediatric, and Maternal); By End Use (General & Acute Care Hospitals, Multi-specialty Hospitals, Specialized Hospitals, and Ambulatory Surgical Centers, and Others); By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 

Isolation Beds are one of the important components in any healthcare facility. In recent times, the demand for these beds has increased significantly owing to the nature of the current COVID-19 pandemic. The Isolation Beds market is suffering from both supply and demand side. From the demand side, more than 60 to 70% of the hospitals are struggling to acquire Isolation Beds, including masks, ventilators and other medical supplies. Whereas, from the supply side due to fluctuation in supply chain manufactures are not able to meet the current booming demand due to severe shortage of raw materials.

 

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With high infection rates and shortage of Isolation Beds, the government is focusing on alternate ways to increase the Isolation Beds facilities. In line with this, in April 2020, the Indian railways converted 20,000 train compartments into isolation wards. Similarly, in March 2020, Spain converted IFEMA conference hall into a hospital with 5,500 bed capacity to limit community transmission.

 

The factors responsible for the growth of Isolation Beds include an increase in the volume of chronic care patients, the rapid surge in COVID-19 patients, and increased preference towards home care for geriatrics. As of 23 June 2020, as per statistics published by John Hopkins University, the global cases of COVID-19 reached more than 9 million and deaths were around 471,000. The other countries more than 10,000 deaths were France (29,666), Mexico (22,584), Italy (34,657), Spain (28,324), UK (42,731), and India (13,699).

 

Market participants such as Invacare Corporation, Arjo Huntleigh (part of Gentige AB), Savion Industries Ltd., Joerns Healthcare, Joh. Stiegelmeyer GmbH, LINET Group, Stryker Corporation, Span-America Medical Systems, Gendron, Inc., Paramount Bed Holdings, Hill Rom Inc., Medline Industries, and Malvestio S.P.A. are some of the key players operating in the isolation beds market.

 

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These players focus their energies on strategic mergers and acquisitions to extend their R&D capabilities which might assist them in coming up with novel technologies and thereby gain a competitive edge.

 

Smart Home Automation Market Size, Recent Advancement & Scope Top Trends

 The worldwide Smart Home Automation Market is anticipated to reach around USD 203.3 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the entertainment segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global Smart Home Automation market.

 

The growing demand for remote monitoring of homes, along with increasing costs associated with energy use increases the demand for smart home automation. The increasing use of mart home automation in the development of smart cities, along with government regulations regarding energy use and emissions support the smart home automation market growth. The rising adoption of Internet of Things, and smart devices boosts the adoption of smart home automation.  Other factors driving the market growth include growing penetration of mobile devices, technological advancements, and development of smart cities. New emerging markets, emerging consumer demographics, and increasing awareness among consumers regarding efficient energy use would provide growth opportunities for smart home automation market in the coming years.

 

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The rising concerns regarding energy efficiency has increased the adoption of smart home automation. Smart home automation systems maintain the controls of home equipment to maximize energy efficiency. For instance, the thermostat uses a temperature threshold to govern the home’s heating and cooling system. They can also be programmed with different target temperatures to keep energy usage at a minimum.

 

 

In 2017, North America accounted for the highest share in the global smart home automation market. The primary factors driving the smart home automation market growth in the region include established telecommunication industry and cloud infrastructure, rising penetration of mobile devices, technological advancements, and high investment in R&D. The introduction of favorable government regulations regarding energy usage and emissions, and rising awareness regarding use of energy efficient equipment boost the smart home automation market in North America. The increasing concerns regarding safety and access control, increasing development of smart cities, and growing adoption of connected devices and IoT further increase the demand of Smart Home Automation in the region.

 

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The companies operating in the smart home automation markett include Johnson Controls, ABB Ltd., Ingersoll-Rand plc, Schneider Electric, Legrand SA, Crestron Electronics, Inc., Siemens AG, Honeywell International, Inc., Control4 Corporation, and Leviton Manufacturing Company, Inc. 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.

Agriculture Analytics Market Size, Recent Advancement & Scope Top Trends

 The global agriculture analytics market size is expected to reach USD 1,991.6 million by 2026 according to a new study by Polaris Market Research. gives a detailed insight into current market dynamics and provides analysis on future market growth.

The primary growth driver for the farm analytics sector is government projects to implement modern agricultural techniques. Increasing pressure to satisfy the increasing global demand for food in combination with the need to enhance farm productivity also contributes to the application of agricultural analytics and the growth of the agricultural analytics sector. Agricultural digitization is anticipated to assist feed the increasing population. It is anticipated that the global population will rise by about 40% and reach 9.6 million by 2050. Therefore, to satisfy the increasing demand for food, the general food production requires to double. The present production rate, process, and distribution technique would not be adequate to feed the increasing population; therefore, it is anticipated that the implementation of fresh and advanced technology at different stages of farming will become essential to satisfy the increasing demand.

 

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Top Companies Player : 

 

Accenture, Agribotix, Agrivi, Agvue Technologies, Awhere, Conservis Corporation, Deere & Company, Delaval, DTN, Farmers Business Network, Farmers Edge, Geosys, Granular, Gro Intelligence, IBM, Iteris, Monsanto Company, Oracle, Precisionhawk, Proagrica, Resson, SAP, Stesalit, Taranis, and Trimble are some of the players operating in the global market. These businesses are also attempting to enter into strategic alliances, company expansions, mergers and acquisitions, and advances in product / service.

 

Implementing analytics in farming and agricultural operations helps farmers evaluate all real-time information such as moisture, soil, crop, weather, and more. It also allows for an organized plan for the post-harvest operations of farm manufacturing. Accentuating government and regulatory bodies for the implementation of contemporary techniques in agriculture and agriculture such as the use of analytics, artificial intelligence among farmers has led in a favorable development of the market in agricultural analytics. Because of the enormous capital needed to implement sophisticated agricultural technology, the development of the agricultural analytics industry could be hampered. Nevertheless, technological improvements, sophisticated infrastructure and the use of high-end farm equipment enable farm investors to take measures towards the farming sector, which is expected to increase the development of the market for agricultural analytics in the foreseeable years.

 

Large farms held the largest market share in the global market in 2019. Because of the affordability and high economies of scale, the implementation of agricultural analytics solution in big farms is greater than that of small and medium-sized farms.

 

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The increasingly competitive landscape and the need to satisfy worldwide food demands inspire them to turn to the solution and services of agricultural analytics to improve the use of resources for better manufacturing. Large farm size carries out high-level company activities that produce big amounts of data. Providers of agricultural analytics services assist big farms manage and use the information efficiently for maximum production.

 

Over the forecast period, North America is anticipated to dominate the global market for agricultural. This development is due to the increasing implementation of sophisticated farming machinery and is probable to stimulate the development of the worldwide agricultural analytics industry. However, Asia Pacific is anticipated to give the agricultural analytics market numerous favorable avenues for development.

  

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