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Thursday, May 6, 2021

Passenger Information System Market Size, Share, Growth Rate, Trends, Analysis, Future Scope, Forecast To 2027

Market Overview

In 2019, Global Passenger Information System Market was valued at USD 14,554.48 Million; it is expected to reach USD 32,714.63 Million by the end of 2027.

A passenger information system is an automated system designed and deployed by public modes of transport, including roadways, airways, and railways, to display information about the departure and arrival of a transport vehicle scheduled on a particular time interval. The technology advancement in the transport sector drives the market for passenger information systems, which are available in several forms such as LEDs, display boards, information announcement systems, or passenger information mobile applications. Furthermore, the increasing concern of security at public transports and increasing urbanization is also expected to fuel the growth of the global passenger information system market in the next few years.

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Segmental Analysis

The global passenger information system market has been segmented based on solution, component, services, transportation mode, and region.

By solution, the passenger information system market has been segmented into information announcement system, display system, emergency communication system, infotainment system, passenger information mobile application and others. In 2018, the display systems segment held the largest share of the market.

By component, the passenger information system market is segmented into multimedia display, networking devices, communication devices, sensors, and others. In 2018, the networking devices segment accounted for the largest share of the global market.

By services, the passenger information system market has been classified into cloud services, professional services, and integration services. In 2018, the integration services segment accounted for the largest share of the global market.

Based on transportation mode, the passenger information system market has been classified into roadways, railways, and airways. In 2018, the railways segment held the largest share of the global market.

Competitive Analysis

The key players operating in the global passenger information system market include General Electric (US), Huawei technologies co. Ltd (China), Cubic Corporation (US), Siemens AG (Germany), Advantech Corporation (Taiwan), Medha Servo Drives Pvt. Ltd. (India), Neusoft Corporation (China), INFAX, INC. (US), Passio Technologies, Inc. (US), DTI Group (Australia), ALSTOM (France), CAF (EGYPT), Construcciones Y Auxiliar De Ferrocarriles, S.A. (Spain), Hitachi, LTD. (Japan), and Stadler Rail AG (Switzerland).

Regional Analysis

The geographic analysis of the passenger information system market has been conducted for North America, Europe, Asia-Pacific, and the Middle East & Africa, and South America.

North America is the major region in terms of market share in the passenger information system market. The regional market is characterized by the presence of many passenger information system providers that offer their services at a local and international level. The key driving factors for the growth of the passenger information system market in the region include rapid urbanization, the high adoption rate of IoT, and the quick adoption of innovative technologies to improve efficiency. The North American countries covered in this study are the US, Canada, and Mexico.

The US is a leading country in North America, holding the largest market share. The market in the country is mature. The key players, such as Advantech Corporation and Cubic Transportation Systems, which are based in the US, are investing in the development of passenger information systems. The passenger information system is being deployed on a large scale in the US for more than a decade. Public transportation poses a high risk of safety due to its massive reach and public nature of the service. The transit companies must ensure the safety and security of the travelers while traveling as well as their facilities, including bus stops, transit stations, and halts. Thus, public information systems, voice announcements, and bus signs are witnessing significant demand in the country.

For this study, Asia-Pacific has been categorized into—China, Japan, India, and the rest of Asia-Pacific. The region is expected to be the fastest-growing market from 2018 to 2026. This is attributed to the presence of active players in China, Japan, South Korea, India, and Hong Kong. The companies in Asia-Pacific are Huawei Technologies Co. Ltd (China), SAMSUNG (South Korea), Komachine.com, Co. (South Korea), and Mitsubishi Electric Corporation (Japan). Other key industry players operating in this market are focused on expanding their presence in the regional market by collaborating with telecommunication network providers and transportation operators. China is expected to be a leading country in the regional market.

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Solar Panels Market Outlook, Strategies, Industry Analysis, Future Scope, Key Drivers Forecast To 2027

Solar Panels Market By Technology (Solar PV, CSP), By Module Type (Crystalline, Thin Film, Parabolic Troughs, Linear Fresnel Reflectors, Power Towers, Parabolic Dishes) By Application (Residential, Commercial, Power Plants, Off-Grid) - Global Forecast to 2027

Overview

The solar panels market will witness a healthy growth from 2020 to 2027, a research report suggests. Growing at a CAGR of 20.18%, the market is projected to reach a considerably high valuation by 2027. Increasing demand for solar-driven vehicles is expected to support the market growth along with increasing adoption of storage grids. As predicted by analysts, delay in production and supply will negatively affect the market’s performance from 2020 to 2027. During the forecast period, the market will be supported by increasing demand for solar-driven appliances and growing demand for PV installations.

The increasing prices of raw material on the other hand will challenge renewable energy sector based organizations functioning in the global solar panels market. Analysts have split the market into technology, module type, and application segments based on products and services. Renewable energy based companies have been profiled. The rising cost of solar panels in certain places is set to affect the global market during the forecast period 2020 to 2027. The report also provides the market’s performance forecasts till 2027. Analysts have studied the strategy of renewable energy segment based organizations to help new entrants and established businesses. The renewable energy sector itself is supported by substantial demand for solar panels in residential rooftop applications as well as decline in the prices of main raw materials. During the forecast period 2020 to 2027, the solar panels market is set to witness a health growth across technology, module type, and application segments as well as regional markets.

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Market Segmentation

The renewable energy sector has seen growth across technology, module type, and application segments owing to falling prices of main raw materials of solar panels and falling prices for other industrial commodities. To study the market, analysts have further segmented technology, module type, and application into Solar PV and CSP on the basis of technology. The market is further segmented into module type sub segment which is split into linear Fresnel reflectors, parabolic dishes, parabolic troughs, power towers, thin film, and crystalline. Additionally, the solar panels market on the basis of application is segmented into residential, commercial, power plants, and off-grid.

The segmental analysis presented in the solar panels market report provides renewable energy field based organizations insights into key growth factors such as rising electricity prices around the world as well as challenges such as unfavorable policies the market will face from 2020 to 2027. Cheaper solar panels and lower installation costs and decreased profitability of module manufacturers are some of the key factors having an influence on renewable energy industry based companies, suggest analysts as per the solar panels market report. But the report also identifies unfavorable regulatory environments and concerns related to material and availability as major threats companies in renewable energy will face till 2027.

Regional Overview

Renewable energy market based companies in the solar panels market are functioning across North America, Europe, Asia Pacific, the Middle East, and Africa including the rest of the world. Decline in the prices of solar panels will be a key growth driver for regional markets. However, lack of infrastructure will turn out to be a threat. For the forecast period 2015 to 2023 each of these regional markets are studied in the report.

Starting from North America, the regional market and renewable energy vertical based companies are spread across the United States, Canada, and Mexico. High deployment cost will turn out to be a major challenge from 2015 to 2023. Parts of the European market covered in the report are regional markets spread across the United Kingdom, France, Italy, and Germany. The market in the region will be benefitted by the increasing spending power of consumers as well as the rise in distribution channels, suggests the report. Similarly, the renewable energy sector’s segmental analysis for the Asia Pacific region covers India, Japan, China, and others. For the rest of the world, the research report for the solar panels market covers the Middle East and Africa. Forecast based on the report’s findings are presented for the forecast period till 2023.

Competitive Landscape

The global solar panels market research report brings a comprehensive study of technology, module type, and application market segments, regional analysis, and renewable energy vertical based company details of key players. As the forecast period 2015 to 2023 will bring new opportunities for the market owing to the growing demand from companies across many industries and the rising developments in industrialization, the market is set to grow at a compound annual growth rate of 20.18% and is predicted to reach a considerably high valuation by 2023. With SWOT analysis of renewable energy sector based companies and Porter’s Five Force model analysis based findings, and understanding challenges such as low output related concerns and high initial investments, companies in the renewable energy sector can change the way business is done.

Industry News

Fourth Wave, a home energy technology provider, has announced intentions to purchase DeSol Power Tiles, a solar tile company, as part of its ongoing growth in the residential solar market, leveraging its public status and aiming to bolster the company's business and volatile stock price. We previously covered Fourth Wave when they announced their reverse merger with Pierre Corp in order to achieve net zero residential houses. This DelSol purchase is intriguing; it would be fascinating to see how the pro-forma feels. DeSol Power Tiles solar tile roofs will be manufactured, marketed, and distributed across North America by the company.

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Spark Plug Market Demand, Industry Size, Top Players, Opportunities, Sales, Revenue And Regional Forecast To 2027

Market Overview

Market Research Future (MRFR) confirms that the spark plug market 2020 can garner a striking valuation of close to USD 6.5 Billion by 2027. MRFR also anticipates the market to progress at a rate of 5% between 2020 and 2027 (review period). We will provide covid-19 impact analysis with the report. The COVID-19 research of the spark plug market offers an in-depth analysis post the coronavirus disease outbreak.

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COVID-19 Analysis

COVID-19 impact analysis by MRFR reveals that there has been a significant drop in vehicle sales in the space of just a few months, owing to the shutdowns across regions as well as the oil price fluctuations. Renowned automotive OEMs are adopting multiple tactics to mitigate the negative impact of the pandemic on their businesses by assessing their dealerships to resume services. The short-term impact of COVID-19 in the automotive sector has led to shutting down of assembly plants in the United States (US), manufacturing interruptions across Europe and ceased export of Chinese components, in the face of the lockdown situation. Additionally, post SARS-CoV-2, the demand for commercial vehicles has significantly plummeted following the shutdown of almost every non-essential service across the globe.

On the bright side, till the time a COVID-19 breakthrough is not achieved, the automotive industry can remain strong, thanks to the ongoing efforts by leading companies to curb revenue losses by adopting recovery tactics such as mergers and acquisitions and more. Despite the significant impact of the novel coronavirus on the automotive industry, online sale of vehicles can emerge as one of the growth boosters in the spark plug market.

Primary Boosters and Key Barriers

The spark plug as a concept has completely transformed the automotive industry, in terms of carbon emission. It helps resolve the cold starting issues and also helps boost the efficiency of the vehicles. Advanced spark plugs are used for improving cold starting and generating better combustion, leading to boosted performance of the vehicle. The ongoing development of spark plugs to elevate the performance as well as ignitability combined with the mounting consumer awareness about the product is also helping the spark plug market advance at a rapid pace.

Superior quality gasoline engines are being developed, with prime focus on the idea of lower consumption of fuel, considering lower emission rates along with better driving experience. In addition to this, the trend of engine downsizing has become mainstreamed within the automotive industry, which translates into massive demands from the segment of automotive ignition systems. It is no wonder that the demand for spark plugs has risen significantly in recent years. Sensing the opportunity, leading manufacturers are concentrating on catering to these requirements by modifying the designs and selecting the ideal materials. For example, at present, a number of leading vendors are developing thin and long spark plugs that are compatible with the decreased size of the head spaces within engines, leading to easy installation.

The escalating demand for natural gas-powered vehicles and frequent technological innovations like new electrode materials can be attractive opportunities for the leading companies, which could also benefit the worldwide market in the years to come.

Market Segmentation

The spark plug market has been considered for product type, material, sales channel as well as application.

The product types outlined in the study include hot as well as cold spark plug.

The materials assessed are platinum, iridium and copper spark plug.

The primary sales channels discussed in the report are aftermarket and OEM.

Application-based segmentation comprises industrial, marine, automotive, and others.

Regional Insight

The spark plug market has been regionally dissected into Europe, North America, Asia Pacific or APAC, along with RoW or the rest of the world.

APAC can emerge as the most profitable market for spark plug, thanks to the high production level of vehicles in India, China and Japan. A massive number of renowned car manufacturers are headquartered in China, which is committed to make sizeable investments in the automotive industry. Most of these players are increasingly entering into joint ventures with global brands, which work in favor of the spark plug market. Since the region holds the biggest market for natural gas-based and gasoline generator in line with the steadily increasing industrialization as well as urbanization, the market is expected to advance rapidly in the near future.

The North American market is quite substantial and seems to be advancing at a fast pace, as a result of the rising sale of gasoline light commercial vehicles along with the heightened demand for cold spark plugs.

In Europe, the soaring awareness level regarding fuel efficiency has induced the demand for better quality and advanced spark plugs among automotive-based end users. The continuously growing demand for these spark plugs is compelling manufacturers to work on their research and development capacity and develop better quality products.

Leading Contenders

Leading contenders in the spark plug industry include Weichai Power Co. Ltd (China), Valeo (France), General Motors (US), Delphi Automotive (Ireland), Borgwarner Inc. (US), NGK Spark Plug Co. Ltd (Japan), Robert Bosch Gmbh (Germany), Federal-Mogul Corporation (US), Denso Corporation (Japan), FRAM GROUP IP LLC. (US), to name a few.

Recent Updates

May 2020

To test if nitric oxide can protect the lungs of those affected by SARS-CoV-2, Berra has collaborated with the Harvard University to assess a new delivery technique. Zapol has developed a device that makes use of platinum and iridium spark plugs to absorb nitrogen and oxygen gases from air to make NO. They are of the review that NO’s ability to boost the oxygen levels within the lungs can also quicken the recovery rate of the people afflicted by COVID-19, preventing the need for mechanical ventilation.

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Oilfield Equipment Market Business Revenue, Future Scope, Market Trends, Key Players And Forecast To 2027

Global Oilfield Equipment Market Research Report by Equipment (Drilling Equipment, Field Production Machinery, Pumps, Valves), Type (drilling (Drill Pipe, Drill Collars), Pressure & Flow control (BOP, Valves, Manifolds), Region – Forecast till 2027

Market Synopsis

As per the research by Market Research Future Reports (MRFR), the worldwide oilfield equipment market is estimated to thrive at a CAGR of 4.5% while the review period. The market is estimated to experience exponential growth during the forecast period. The market has various lucrative opportunities to expand. The recovery of oil price, increasing field development activities, and increasing oil exploration is likely to drive the global oilfield equipment market 2020. Moreover, the increasing prices have augmented the upstream activities in the oil industry, which has brought a direct impact on the growth of the oilfield market. in addition, the rising demand for oil and gas is also estimated to propel the demand in the oilfield and equipment market. Recently, oil and gas have been experiencing a downturn due to the falling prices; this change is estimated to increase the number of wells and thereby, leading to the expansion of the market. The oilfield services market has various opportunities to grow; however, the expensive cost of investment, Maintainance, research, human resources, and equipment is likely to impede the growth of the global oilfield equipment market.

Due to the sudden outbreak of novel coronavirus, there has been an immense change in the market dynamics. Several regions have been affected due to the pandemic. We will provide COVID-19 impact analysis with the report.

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Market Segmentation

The global oilfield equipment market can be segregated on the basis of type, equipment, and region.

On the basis of type, the global oilfield equipment market can be segregated into Pressure & Flow control (BOP, Valves, Manifold), drilling (Drill Pipe, Drill Collars). Among all, the Drill Pipe segment acquires the maximum market share because of the large drilling activities offshore and onshore.

On the basis of equipment, the global oilfield equipment market can be segregated into Valves, Field Production Machinery, Drilling Equipment, Pumps, and Others. Among all, the drilling equipment segments hold the maximum because of the rising number of drilling projects

On the basis of region, the global oilfield equipment market can be segregated into North America, Europe, Asia-Pacific, and the Middle East and Africa.

Regional Analysis

The geographical analysis of North America, Europe, Asia-Pacific, and the Middle East and Africa has been conducted. As per the analysis by Market Research Future Reports, North America dominates the market. North America holds the maximum market share. The region is excelling in rock studies activities for oil sands, shale oil, and carbonate rocks, and with several other exploration activities. Out of all of the countries, the U.S. plays the most significant role in expanding the market. On the other hand, the APAC region and the African region is likely to grow significantly in the forthcoming period. The primary factor of growth can be accredited to several activities of discovery taking place in the South China Sea, Gulf of Thailand, the Mediterranean Sea, and Egypt desert from Africa.

However, due to the outbreak of pandemic coronavirus, several regions have been adversely affected. The dynamics of the market are changed significantly due to the observation of worldwide lockdown.

Key Players

The forefront players of the worldwide oilfield equipment market are ABB Oil, and Gas and Petrochemical Business Unit (Switzerland), Weatherford International (U.S.), G.E. Oil and Gas (U.S.), Schlumberger (U.S.), Superior Energy Services (U.S.), C&J Energy Services Ltd. (U.S.), Pioneer Energy Services Corp. (U.S.), National Oilwell Varco, Inc. (U.S.), Basic Energy Services, Inc. (U.S.), Halliburton (U.S.), Expro International Group Holding Ltd. (U.K.), Oilserv (UAE), Wireline Engineering Ltd. (U.K.), SGS (Switzerland), are among others.

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Wednesday, May 5, 2021

XLPE Cable Market COVID-19 Impact, Outlook and Future Scope Analysis Forecast till 2027

Market Highlights

The Global XLPE Cable Market has been segmented by installation as overhead, underground, and submarine. Electrical power is transmitted through overhead power lines fixed on poles. Overhead lines are widely used for the transfer of electricity between countries or regions. Most overhead power lines are used for the transmission of high voltage electricity over long distances. Electrical power generated at power plants must be transmitted to end-use industries, such as power, chemical, and manufacturing, which require transmission lines to carry heavy power loads over longer distances. Installing underground transmission lines costs more than most overhead lines and are redirected to accommodate other underground structures such as pipelines, sewage lines. Submarine cables are needed for long-distance offshore power transmission from regions or countries where electric power is generated, efficiently, at low cost to regions or countries where there is a demand for electric power. The cables are also used for the transmission of power to remote areas where obsolescent power generating facilities are used. Recently, submarine cables have been used to transmit electric power generated in offshore wind power stations.

By voltage, the global XLPE cable market is segmented into high voltage, medium voltage, and low voltage. Voltages above 72 kV range are considered as high voltage and dominate the XLPE cables market. It held the largest market share by voltage in 2018. Grids and transmission infrastructure between countries have resulted in high voltages of nearly 400 kV and above segment and accounting for the largest market share. The high voltage segment of power cables is driven by many factors, such as grid interconnections, offshore wind farm connections, connections of islands with mainland, and projects integrating renewable generation with the power transmission grid. Medium voltage ranges between 1 kV and 69 kV. Global electricity demand is growing continuously and thereby places high pressure on power distribution networks to provide a reliable and uninterrupted supply of electricity at affordable prices. An increase in renewable energy generation and rapid industrialization and urbanization are expected to drive the market for medium voltage cables market. Voltages up to 1 kV are considered as low voltage and ensure electricity supply across different end users via distribution substations. The need for the continuous supply of power in various industries, such as oil & gas, chemicals, and cement, the upgrade of existing transmission & distribution networks, and the implementation of smart grids are a few of the factors fueling the growth of the global market.

By end user, the global market has been segmented into power, oil & gas, chemical, manufacturing, metals & mining, infrastructure & transportation, and others. Power cables are mainly used for transmission & distribution. They are an assembly of one or more individually insulated electrical conductors, usually held together with an overall sheath. They are manufactured as per voltage, current to be carried, operating maximum temperature, and the application area. The oil & gas industry requires wires and cables to perform in harsh environments. Electrical cables are used in offshore drilling systems, refinery applications, and land-based drilling systems. The chemicals industry requires cables that are not only flexible but are resistant to oils, fat, acids, bases, and other materials. Such cables are chemical-resistant. The XLPE cables are adopted for their reliability and durability. XLPE has become the globally preferred insulation for power cables, both for distribution and transmission system applications. This insulation system is cost-effective in operation and procurement. Additionally, it has a lower environmental impact and limited maintenance requirements compared to older impregnated paper systems. Mining cables and power cables are designed to power heavy-duty equipment used in mining, cranes, construction, drilling rigs, and submersible pumps. Authorities in rapidly developing cities are under tremendous pressure to increase access to basic services, land, infrastructure, and affordable housing. Such cables are not only oil and fuel resistant but also are halogen-free (LSZH) to cut the toxins found in smoke, in the event of an emergency. The others segment includes the end-use industries of healthcare, marine, and military.

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Market Research Analysis

In terms of region, the global XLPE cable market is segmented into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. Asia-Pacific dominates the XLPE cable market. The increasing investments in the oil & gas industry and the development of existing oil fields are expected to drive the XLPE cable market in the region.

China being the most populated country, is the fastest growing economy in the world, which leads to a rapid increase in the demand for oil and gas. Significant investments in the public sector in the oil & gas industry drive the demand for XLPE cables in the country. According to the World Oil Magazine that was published in March 2019, China’s oil-producing companies, namely, PetroChina, Sinopec, and China National Offshore Oil Corp. (CNOOC), strategized to invest USD 77 billion in the same month to increase the output from the existing oil fields. Hence, the growing investments in the oil & gas industry in China is expected to increase the demand for XLPE cables, driving the growth of the XLPE cable market in the country.

Scope of the Report

This study provides an overview of the global XLPE cable market, tracking three market segments across four geographic regions. The report studies key players, providing a four-year annual trend analysis that highlights the market size and the shares of the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global XLPE cable market by installation, voltage, end-user, and region.

By Installation

Overhead
Underground
Submarine

By Voltage

High Voltage
Medium Voltage
Low Voltage

By End-User

Power
Oil & Gas
Chemical
Manufacturing
Metals & Mining
Infrastructure & Transportation
Others

By Regions

Americas
Europe
Asia-Pacific
Middle East & Africa

Key Players

The Major Players in the Global XLPE Cable Market are KEI Industries Limited (India), NKT A/S (Denmark), Universal Cables Ltd. (India), Nexans (France), Brugg Kabel AG (Switzerland), Encore Wire Corporation (US), Laser Power & Infra (India), Sumitomo Electric Industries, Ltd. (Japan), Eland Cables (UK), Relemac (India), Finolex Cables Ltd. (India), and Prysmian Group (Italy).

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LED Lighting Market COVID-19 Impact, Demand, Industry Size, Top Players, Opportunities, Sales, Revenue and Regional Forecast till 2027

Global LED Lighting Market, By Installation Type (Retrofit Installation), By Product (Luminaries), By Application (Indoor Lighting) - Forecast 2027

Market Overview

In its research report, Market Research Future (MRFR), emphasizes that over the review period, the global market 2020 is projected to rise exponentially, ensuring a significant market valuation of USD 105 billion by 2027 and a healthy 14% CAGR over the analysis.

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Drivers and Restraints

Increasing regulatory stringency in inefficient lighting technologies and stepping up policy efforts toward sustainable development are key drivers for growth. Market growth has been driven by an significant decline in Light-Emitting Diode (LED) rates, coupled with the change of energy policies around the world. In addition, attractive incentives and rebates offered by the governments in several countries for the use of LED lighting can increase demand. Technological developments moving from traditional to green lighting, improved energy efficiency requirements, and declining prices have also fueled demand for the drug. In addition, stringent regulatory policies on conventional lighting and energy use in the U.S., European Union, China, and Canada are expected to stimulate demand for the drug in the coming years. Governments provide incentives and rebates to replace conventional lamps with LED bulbs and this makes it possible to increase the worldwide acceptance of LED bulbs. In addition, smart illuminations are expected to deliver lucrative applications in industrial and commercial areas. High-resolution demand for 10 mm billboards and signs, exemplary for high-volume pedestrian traffic areas, and customizable material are expected to revolutionize the outdoor scenario over the coming years.

Segmental Analysis

Segmentation by installation type: new installation, retrofit installation

Segmentation by product: lamps, luminaires

Segmentation by application: indoor lighting, outdoor lighting

Regional Analysis

The geographical synopsis of the global market has been analyzed in four major regions, including the Asia Pacific, North America, Europe, and the rest of the world.

During the forecast period, the LED lighting market is expected to expand in all the area with positive growth rate. Asia-Pacific region dominates and is projected to continue to dominate LED lighting market in 2017. High technology advancement and growing application areas of LED lighting are one of the major driving factors behind market growth. Also, the presence of wealthy semiconductor manufacturing companies in Asian countries such as Taiwan, China, South Korea and Taiwan is also one of the major driving factors behind the growth of the Asia Pacific LED lighting market.

Driven by the strong government interest in using energy-efficient lighting solutions, Europe is the second largest market for LED lighting. The region is also well equipped with state-of-the-art technologies and has some of the key players that improve the European region's LED lighting market. Europe's debt crisis adversely affected demand for LEDs because their development needs huge capital investments. Recently, Europe and North America have been seeing a boom in many sectors due to government funding and growing use of ultra-modern lighting. Whereas North America region plays a vital role in the expansion and distribution of technology around the world. The area has the influence of developed nations like the U.S. and Canada that are global technology pioneers and that promote business development. North America has experienced a boom in many industries due to government funding and the rising use of ultra-modern lighting. The U.S .- China trade war has triggered a increase in import tariffs and, inevitably, total commodity costs. It is hoped this aspect would prove beneficial to European manufacturers. For these manufacturers significantly increased priority over American manufacturers is expected by the Chinese suppliers to drive regional growth.

Competitive Analysis

The key market players operating in the global market as identified by MRFR are Phillips Lighting Holding B.V. (Netherlands), Osram Licht AG(Germany), General Electric Company (U.S.), Cree Inc. (U.S.), Cooper Industries, Inc. (Ireland), Sharp Corporation (Japan), Virtual Extension (Israel), Zumtobel Group AG (Austria), Dialight Plc. (U.K.), Samsung (South Korea), among others.

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Earthing Equipment Market COVID-19 Impact, Research Report- Forecast till 2027

Earthing Equipment Market Research Report, By Product (MS Earthing Flat, GI Earthing Flat, and CI Earthing Flat), End-User (Industrial, Commercial, and Residential) and Region — Global Forecast till 2027

Market Highlights

The global earthing equipment market is anticipated to witness sustainable growth during the forecast period. Widespread use of earthing equipment in warehousing and manufacturing industry, the booming construction and earthing equipment industry, is anticipated to improve sales prospects. However, high cost of the raw materials, hinder the growth of the earthing equipment market.

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Asia-Pacific region, to see a gradual increase in the earthing equipment market over the forecast period

Based on region, the global earthing equipment market has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America region dominated the global earthing equipment market, followed by Europe and Asia-Pacific, primarily due to the increasing manufacturing sectors that has led to the demand for earthing equipment market. Asia-Pacific is projected to be the most lucrative region with construction industry investing in earthing equipment. Furthermore, various global equipment manufacturers are investing in the manufacturing sector, which is further expected to boost the demand for earthing equipment market. Hence, the earthing equipment market is expected witness a CAGR of 5.5% between 2020 and 2027.

CI earthing flat segment, to witness maximum growth rate in the overall earthing equipment market

Based on product, the CI earthing flat segment, accounted for the highest contributor to the global earthing equipment market in terms of value and volume both in 2017, which is expected to contnue its dominance between 2020 and 2027, which is attributable to the rapid urbanization and increase in construction activities in the industrial and residential projects across the emerging economies. However, the MS earthing flat segment is anticipated to exhibit maximum growth rate in the earthing equipment market between 2020 and 2027. This is attributed to its lucrative features such as high strenght and excellent resistivity against corrosion of the product.

Scope of the Report

This study provides an overview of the global earthing equipment market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific and the rest of the world (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global earthing equipment market by product, end-user, and region.

By Product
MS Earthing Flat
GI Earthing Flat
CI Earthing Flat

By End-User
Industrial
Commercial
Residential

By Region
North America
Asia-Pacific
Europe
Rest of the World

Key Players

The prominent players in the earthing equipment market are ABB Ltd (Switzerland), Alstom SA (France), Crompton Greaves, Eaton (Ireland), Emerson Electric (US), GE (US), Harger Lightning & Grounding (US), Schneider Electric (France), Kingsmill Industries UK Ltd, and Toshiba (Japan).

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https://freepressreleasedb.com/pr/Rugged-power-supply-market-Demand-Industry-Size-Top-Players-Opportunities-Sales-Revenue-And-Regional-Forecast-To-2027-PR176964/

https://qntjuo.prnews.io/268405-Rugged-power-supply-market-Demand-Industry-Size-Top-Players-Opportunities-Sales-Revenue-And-Regional-Forecast-To-2027.html

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