Polyether ether ketone Market is a volume at 8477.51 Tons in 2021 and is expected to reach 11478.03 Tons by 2028 with a CAGR of 5.18% over the forecast period.
The Detailed Market intelligence report on the Polyether Ether Ketone Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate Polyether Ether Ketone Market place for the forecast 2022 – 2028.
Polyether Ether Ketone Market Key Players:
Parkway Products, Inc.
Schulman AG
Stern Industries Inc
Victrex
Solvay
PLC
Prototype
Plastic Mold co.
Scope of The Polyether ether ketone Market:
Due to the increase in application, in medical and aerospace areas, the growth in the sector of the carbon-filled domain in the polyether ether ketone market has been the highest. The unfilled polyether ether ketone has been the purest form that has been used for niche industries. There are factors like the higher price of their cost-based competitiveness which is restraining the growth of the global polyether ether ketone market.
Polyether ether ketone or PEEK is dependent on the substance which is a thermoplastic that is semi-crystalline and has been insert and a polymer which is stable thermally. The substance has its applications in aerospace, nuclear, medical implants and the temperature resistance interface. There are very specific properties like the higher resistance to temperature and the resistance to hydrolysis as well as the self-lubrication, high mechanical levels of strength and easier processing. Polyether ether ketone produces a little amount of smoke or the gas emissions that are toxic when it gets exposed to flame. The substance melts a temperature that is relatively high in comparison to the other thermoplastics, as well as the range of the temperature at which they melt, may be processed by making use of the methods of extrusion, injection molding, and pressing methods or the forming of sprays.
The segmentation of the global polyether ether ketone market has been done on the basis of application, type and geography. As far as the type basis is concerned, the markets may be segmented into the carbon-filled PEEK, glass filled PEEL and the unfilled PEEK. On the basis of application, the global polyether ether ketone market has been classified into electrical, industrial, automotive, aerospace and medical in addition to a few others. The breakdown of geography as well as the deeper levels of analysis of every segment which has been said earlier has been included into the segments of LAMEA, Europe, North America as well as Asia-Pacific. On the basis of products, it is glass filled PEEK which has been expected to continue leading this market over the period of forecast which was followed by the carbon-filled sector. The application in electric and electronic and industrial areas of application has been expected to see a major driver of growth of this sector.
Automotive and industrial and general engineering application areas led the market in 2018. Growing packaging concerns coupled with stringent environmental regulations is expected to drive product demand from the industrial application segment over the forecast period.
At the other end, the manufacturers of automobiles have been recently trying to increase fuel efficiency by the reduction of the weight of automobiles. This is a major factor which has been driving the market as it is environment friendly and it is now replacing the metals. Aerospace as a sector has been emerging as a significant area of application and has been expected to drive the demand overall due to the increase in the demand levels in the newer passenger aircraft. These aircraft utilize the carbon-filled PEEK. The growth in demand has been estimated as the biggest driver of the market.
Polyether Ether Ketone Market Segmentation:
By Type
Unfilled PEEK
Carbon Filled PEEK
Glass Filled PEEK
By Application
Industrial
Electrical & Electronics
Automotive
Medical, Aerospace
North America and Europe to Dominate the Global Polyether Ether Ketone Market
North America and Europe are the markets which hold the majority of the market share in this market. There is a growth which is expected to take place substantially in the years forthcoming and this may be attributed to the rapid levels of growth as well as the increased levels of innovation for developing the newer applications. Stronger base of the customers in Europe has been driving the growth in the market.
Key Benefits of Global Polyether ether ketone Industry Report–
Global Polyether ether ketone Industry report covers in-depth historical and forecasts analysis.
Global Polyether ether ketone Industry research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, and Regional and Country levels.
Global Polyether ether ketone Industry report helps to identify opportunities in the marketplace.
Global Polyether ether ketone Industry report covers extensive analysis of emerging trends and the competitive landscape.
=By SEOTeam | 27 May 2022
Continue ReadingThe Global Cleaning Robot Market is valued at USD 8.34 Billion in 2021 and is expected to reach USD 34.94 Billion by 2028 with a CAGR of 22.7% over the forecast period
Increasing demand for automation technologies are popularized in household appliances and convenience provided due to its compact size and self-operating capabilities are the major factors stimulating the growth of the global Cleaning Robot market. Technological advancements in sensing and visualization equipment have further led to the manufacture of cheap cleaning robots that are specialized to perform cleaning duties.
Scope of Global Cleaning Robot Market Report:-
The cleaning robot is an automatic robot that can clean floors, windows, lawns, etc. It can be used for mop, UV sterilization and other purposes in domestic and industrial applications. It minimizes labor and saves time, money and electricity. Cleaning robots are a way to make cleaning work efficient and easy and to provide human comfort. The cleaning robot can help detect the position of the area to be cleaned, estimate the path to the detection position and clean the area using the attached vacuum cleaner. The camera is installed on the roof, so the robot can easily navigate to an area and use the vacuum cleaner supplied with the robot to clean the room. In addition, the cleaning robot will continuously capture videos and images and will be able to detect the movement of any object or creature. It can issue an alarm when unnecessary movement occurs, ensuring safety. The cleaning robot keeps a log of the uncleaned and cleaned areas in the auxiliary storage, which makes it possible to keep records for future use. Cleaning robots are widely used in commercial, health, and other applications to clean floors, windows, lawns, and swimming pools.
Floor-cleaning robot is predicted to have the biggest share, by product, of the cleaning robot market; the development of the market for this tech can be credited to the floor-cleaning robots’ popularity in the residential industry, which has assisted the market to develop at a rapid speed. These robots are equipped with features such as sensors (gyro, distance counter, laser, ultrasonic, and bumper switches) and navigation control systems, which are particularly employed to prevent collisions and detect obstacles. The cleaning robot market for the residential application is predicted to develop at the max CAGR during the coming period. Cleaning robots in residential cases are used to perform tasks such as cleaning and mopping. In specific nations, using domestic employees becomes too costly; in such instances, cleaning robots can simply undertake the job of cleaning.
Global Cleaning Robot Market Segmentation:-
Global Cleaning Robot market is segmented on the basis of product, operations, applications, and region. On the basis of product, the market is segmented into floor robots, window robots, lawn robots, pool robots, gutter–cleaning robots, and others. On the basis of operations, the market is segmented into fan adsorption and vacuum suction. On the basis of applications, the market is segmented into manufacturing industries, IT and telecommunications organizations, healthcare and education institutes, government and banking sector, media & communication industries, and others.
By Product:
By Operation:
By Application:
The regions covered in this Cleaning Robot market report are North America, Europe, Asia-Pacific and Rest of the World. Based on the country level market is sub divided into the U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Cleaning Robot Companies:-
Ecovacs Robotics, Inc., Cyberdyne ILIFE Robotics Technology, Vorwerk, iRobot Corporation, LG Electronics, Maytronics, Milagrow Business and Knowledge Solutions (Pvt.) Limited, Dyson, Neato Robotics, Inc., Nilfisk Group, Intellibot Robotics, Pentair plc, Samsung Electronics Co., Ltd., others.
Global Cleaning Robot Market Dynamics-
Increasing automation technologies are popularized in household appliances to provide high-tech services worldwide, which is a key factor that is expected to drive the growth of the global cleaning robot market during the forecasted period. In addition, due to its compact size and self-operating capabilities, more and more smart home and smart city projects are utilizing it around the world and the growing demand for cleaning robots in the healthcare industry are expected Soaring the growth in the target market. This is all due to various functions of cleaning robots, such as improved resource management, automatic cleaning functions, improved cleaning functions and a long service life. As per a survey by CNET, 81% of smart home users said they would be more likely to buy homes with connected technology.
According to 45% of Americans, they use smart home devices to save an average of $ 98.30 a month or $ 1,179.60 a year. However, the high costs associated with smart cleaning robots and increasingly stringent government personal safety regulations are the main factors limiting growth in the global market. Due to its small size and automatic cleaning (without any human intervention), the market adoption rate of cleaning robots in the residential sector is higher. Companies like ADLATUS Robotics, Combijet and Cyberdyne have helped commercialize cleaning robots in the commercial and industrial sectors.
Asia Pacific is expected to Witness the Fastest Growth in the Global Cleaning Robot Market
Since countries like China, India and Japan in the region have a large number of production facilities, infrastructure development is evolving rapidly and labor costs are low, Asia Pacific is expected to boost the growth in global cleaning robot market. As the need to reduce labor costs in various industries in the region continues to grow, North America is expected to experience significant growth in the global market in terms of income. In addition, the availability of funds and the high level of end-user knowledge of technologically advanced products are other factors that are expected to drive growth in the target market in the region.
According to the United States Bureau of Labor Statistics, the cost of residential and commercial cleaners is $ 27,000 per year. However, the cost of cleaning the robots is around $ 25,000 (one-time investment). In recent years, profitability and precise cleaning have contributed to the growth of the market. Revenues from the European market are expected to experience considerable growth, thanks to the increasing adoption of advanced technologies and increased investment in industrial development in the countries of the region. The European Commission has enacted the Toxic Substances Control Act (TSCA), which prohibits the use of certain cleaning chemicals by cleaners in commercial and industrial applications.
The Development Of The Cleaning Robot Market Is Powered By Modernization And Innovation In The Field Of Robotics. The growth of IoT and artificial intelligence has offered a new dimension of how robots can work and interact with humans. Also, the evolution and development of sensors and MEMS, and improvements in visualization tech have enhanced the accuracy and efficiency of robots. The development of the cleaning robot market is powered by modernization and innovation in the field of robotics. Research activities and technological advancements have resulted in the growth of cleaning robots, which are assisting humans to perform dull tasks. Moreover, technological advancements in sensing and visualization equipment have further led in the manufacture of cheap cleaning robots that are specialized to perform cleaning duties. The development of wireless technologies and IoT has offered users the power to manage robots with smartphone or remote devices. A consumer can schedule cleaning stage even without being present in the home. Such flexibility and advancement are powering the market development. The compatibility of these robots with Google Home and Amazon Echo smart speakers have assisted elevate the automation of these devices. Companies such as iRobot, Dyson, and Neato Robotics provide Wi-Fi-connected cleaning devices in the market.
The Cleaning Robot Market In Asia Pacific Is Predicted To Develop At The Highest Rate During The Coming Period
The cleaning robot market in Asia Pacific is predicted to develop at the highest rate during the coming period. Asia Pacific is the quickest-developing market for cleaning robots. Rise in disposable revenue among users in Asia Pacific has resulted in the acceptance of cleaning robots. The influx of global players and the rising acceptance of cleaning robots, along with the appearance of native players, are assisting the market to develop. Consequently, Asia Pacific has a major share of the global cleaning robot market.
By SEOTeam | 24 Mar 2022
Continue ReadingGlobal Vegan Cosmetics Market is valued at USD 16.30 Billion in 2021 and is Anticipated to Reach USD 25.53 Billion by 2028 with a CAGR of 6.7% over the forecast period.
Global Vegan Cosmetics Market: Global Size, Trends, Competitive, Historical & Forecast Analysis to 2021-2027, Increasing demand for harmful chemical-free vegan cosmetics, raising awareness against the use of animal derivatives, and growing social media movements endorsing naturally derived products are major factors anticipated to drive the growth of the Global Vegan Cosmetics Market.
Scope of Global Vegan Cosmetics Market Report
Vegan cosmetics are cosmetics that have ingredients of plant origin. Animal-originated ingredients are not allowed in vegan cosmetics like honey, beeswax, carmine, cholesterol, gelatin, lanolin, collagen, albumen, and many others because they are derived from animals. Natural cosmetics also contain components of animals like milk and honey therefore they are cannot be used by vegan people. Vegan eye shadow, blush, lipstick, foundation, nail polish are some options in vegan cosmetics that are increasingly available in the market. The absence of chemical compounds and animal-by products suited to sensitive skin people. Vegan cosmetic products are biodegradable and environmentally friendly. Currently, many beauty companies focusing on the production of vegan cosmetics that are cruelty-free means that, not only testing on animals and offer a mostly vegan selection of items.
The Covid-19 pandemic has also impacted the growth of the global vegan cosmetics market. Due to the restrictions in traveling and raw material supply chain disrupted, hence, the vegan cosmetics market growth slowed down during the Covid-19 crisis. However, changes in customers’ preferences during the pandemic led to the pursuit of healthier cosmetics options causing the sales of organic and vegan products to increase, also increased the trend of online shopping, eCommerce, private business brands promoted the market positively post-pandemic.
Vegan Cosmetics Manufacturers
Some of the key players for the global vegan cosmetics market are Emma Jean Cosmetics, Modern Mineral Makeup, Coty, Zuzu Luxe, Ecco Bella, Beauty Without Cruelty, Billy Jealousy, MuLondon Bare Blossom, Urban Decay, Arbonne, Pacifica, Nature’s Gate, Organic and others.
Global Vegan Cosmetics Market Segmentation
Global vegan cosmetics market is segmented on the basis of product type, distribution channel, and region & country level. On the basis of product type, the vegan cosmetics market is segmented into skincare, hair care, makeup, and others. On the basis of distribution channels, the vegan cosmetics market is segmented into supermarkets/hypermarkets, convenience stores, specialty stores, online retailing, and others.
By Product Type:
Skin Care
Hair Care
Makeup
Others
By Distribution Channel:
Supermarkets/Hypermarkets
Convenience Stores
Specialty Stores
Online Retailing
Others
The regions covered in global vegan cosmetics market report are North America, Europe, Asia-Pacific, Latin America, and the Rest of the World. On the basis of country level, the market of global vegan cosmetics is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, India, Japan, South East Asia, Middle East Asia (UAE, Egypt, Saudi Arabia) GCC, Africa, etc.
News: Coty Relaunched Kylie Cosmetics as a Clean, Vegan Brand
On July 6th, 2021; Coty Inc. is an American multinational beauty company. Coty recently relaunched Kylie Cosmetics with new and improved formulas that are clean and vegan as well as refreshed packaging. According to the brand, the updated formulas made without animal oils, parabens, gluten, and more than 1,600 potentially harmful and irritating ingredients. The new collection featured lip kits, high glosses, matte liquid lipsticks, lip liners, lip blushes, and gel eyeliners.
Increasing Demand of Harmful Chemical-free Vegan Cosmetics, Rising Awareness against Use of Animal Derivatives and Growing Social Media Movements Endorsing Naturally Derived Products are Major Factors Driving the Market Growth
One of the major factors driving the growth of the global vegan cosmetics market is the increasing demand of harmful chemical-free vegan cosmetic products. For example; the increasing number of individuals choosing as vegan beauty products due to increasing skin diseases and animal love. Vegan products are best to people having sensitive skin. For example; the skin soft moisturizer and vitamin C collagen booster serum developed by The Omnium Group. These products were never tested on animals and do not contain any animal products or ingredients. Hence, the production of innovative cruelty-free and vegan products is boosting the of vegan cosmetics market within the forecast period.
In addition, rising awareness against use of animal derivatives, growing environmental awareness, and stringent government rules to cruelty-free cosmetics have shifted consumers towards animal-free products and are also supplementing the vegan cosmetics market growth. For example; foundations like PETA (People for the Ethical Treatment of Animals) stated that products like cosmetics, skincare essentials, CBD-infused beauty products, was not tested on animals at any stage of the product development. These regulations further drive the vegan cosmetics market growth. For example; as the Personal Care Products Safety Act, will give the power to FDA to direct the security of beauty items in 2016.
Furthermore, growing social media movements endorsing naturally derived products are also fostering the growth of the global vegan cosmetics market. Nowadays beauty blogs by social media influencers create interactive technologies that allow the creation or sharing/exchange of information, ideas, interests, and other forms of expression via virtual communities and networks. Thus, new beauty products are easily advertised to people via social media which is, in turn, driving the market of the vegan cosmetics market.
However, an unstable regulatory framework and lack of awareness among people about vegan cosmetics products may hamper the market growth. In spite of that, the increasing prominence of research and development activities related to vegan products and rapid advancement in the cosmetics industry can provide various opportunities for the further growth of the global vegan cosmetics market.
North America is Expected to Dominate the Global Vegan Cosmetics Market
North America is expected to dominate the global vegan cosmetics market within the forecast period due to the presence of various manufacturers and suppliers of vegan cosmetics products, rising disposable income, and increasing preference of consumers for plant-based beauty products due to various health and environmental concerns in this region. In addition, the increasing number of product offerings by key players in this region is also supplementing the market growth. For example, on November 29th, 2018; Henkel launched organic vegan beauty brand N.A.E. German consumer goods group Henkel's continuously aiming to establish new growth paths in the challenging sector of the beauty market
Europe is expected to witness significant growth in the global vegan cosmetics market within the forecast period due to the increasing demand for natural and organic products and growing consumer awareness about the injurious effects of certain compounds like paraben and aluminum compounds present in skincare, hair care, and deodorants in this region. Therefore, a high section of European consumers choose vegan brand beauty products, sales have increased substantially in the United Kingdom alone during the past few years by which there is the demand for safe, organic, and natural products, the properties of vegan cosmetics such as long-lasting protection, and clinical properties. For example, in 2019 Avon UK launched its first vegan and eco-friendly skincare line ‘Distillery’. The products include SPF25 day cream, night cream, cleansing balm, vitamin C powder, and purifying oil.
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Spain
Sweden
Netherland
Turkey
Switzerland
Belgium
Rest of Europe
Asia-Pacific
South Korea
Japan
China
India
Australia
Philippines
Singapore
Malaysia
Thailand
Indonesia
Rest Of APAC
Latin America
Mexico
Colombia
Brazil
Argentina
Peru
Rest of South America
The Middle East and Africa
Saudi Arabia
UAE
Egypt
South Africa
Rest Of MEA
Key Benefits of Global Ionic Liquid Market Report:-
Global Ionic Liquid Market report covers in-depth historical and forecast analysis.
Global Ionic Liquid Market research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global Ionic Liquid Market report helps to identify opportunities in the marketplace.
Global Ionic Liquid Market report covers an extensive analysis of emerging trends and competitive landscape.
=By SEOTeam | 21 Mar 2022
Continue ReadingGlobal Ionic Liquids Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027. Growing environmental focus on green chemistry, increasing use of ionic liquids as industrial solvents and rising research and development activities for the development of pharmaceutical products are some of the major factors driving factors for the growth of Global Ionic Liquids Market.
Global Ionic Liquid Market is valued at USD 42.2 Million in 2021 and is expected to reach USD 77.62 Million by 2028 with a CAGR of 9.1% over the forecast period.
Scope of Global Ionic Liquids Market Report:
What are Ionic Liquids ?
Ionic liquids are the salts in the liquid structure. Different names given to ionic liquid are ionic glasses, fused salts, liquid salts, fluid electrolytes, ionic fluids, and ionic melts. These fluids are generally comprised of particles like anions or cations when contrasted with water which comprises of electrically neutral atoms. These fluids have a temperature under 100 °C and are hence called room-temperature ionic fluids. Imidazolium, halogen, quaternary ammonium, triflate are some of the ionic fluids.
Ionic liquids are salts in which particles are orchestrated in an incorrectly planned way. The rising demand for these items can be ascribed to the presence of free radicals. Ionic fluids are significantly utilized as solvents. They have properties like low vapor pressure, thermal stability, electrical conductivity, and resistance to oxidation.
Ionic fluids are thermally steady at temperatures higher than the traditional molecular solvents. The process enhancements accomplished in the chemical manufacturing because of the use of ionic fluids is required to help market interest.
During the COVID-19 pandemic due to the uncertainty in global economy, chemical industry has also faced disruptions in supply chain & demand requirements and low productivity. On-field developments are a necessity in chemical industries like chemical synthesis or research work which has been interrupted by social distancing norms during lockdown period. In order to sustain in COVID-19 pandemic, the chemical industries need to accept the safety precautions for their workforce to meet the demands continuously. The aquatic toxicity associated to ionic liquid and stopped the progress of in industrial production due to outbreak of coronavirus.
Global Ionic Liquids Market Segmentation:
Global ionic liquids market report is segmented on the basis of product, application, and region & country level. Based upon product, the ionic liquids market is classified as Ammonium, Imidazolium, Phosphonium, Pyridinium, Pyrrolidinium and Others (sulfonium, etc.). On the basis of ionic liquids applications, market is divided as solvents & catalysts, batteries & electrochemistry, process & operating fluids, plastics and bio-refineries.
By Type:
Ammonium
Imidazolium
Phosphonium
Pyrrolidinium
Pyridinium
Others
By Application:
Solvents & catalysts
Batteries & electrochemistry
Process & operating fluids
Plastics
Bio-refineries
The regions covered in this global ionic liquids market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of ionic liquids is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia, Africa, etc.
Key Players for Global Ionic Liquid Manufacturers:
Some major key players for global ionic liquids market are Basionics, Merck Chemicals, Sigma-Aldrich, Solvent Innovations GmbH, NanoTechLabs Inc., TCI America, Proionic, SolaronixSA, Solvionic and others.
Growing Environmental Focus on Green Chemistry, Increasing Use of Ionic Liquids as Industrial Solvents and Rising Research and Development Activities for the Development of Pharmaceutical Products are Driving The Market Growth
One of the major factors drive the growth of global ionic liquids market is growing environmental focus on green chemistry. Ionic liquids, as green solvents have been concentrated broadly now a day because of their attractive properties like minor vapour pressure, high thermal stability, high ionic conductivity, large liquid range, huge electrochemical window, and capacity to solvate mixtures of broadly changing polarity. Using ionic liquids is one of the objectives of green chemistry since they make a cleaner and more maintainable chemistry and is getting growing demand as environmental friendly solvents for some catalytic and synthetic processes.
For instance; the National Institute of Standards and Technology has distributed an online database enumerating the physical properties of ionic fluid solvents. Solvents, which are described by salts that dissolve under the boiling point of water, are drawing in incredible interest from substance engineers and other "green" industrial development creators.
In addition, increasing use of ionic liquids as industrial solvents is also fostering the market growth. Ionic liquids turned into the preference of solvents because of their benefits like low melting points, high thermal stability, and a low combustibility attributable to their high thermal stability at ambient temperature. These properties can expand the security of high temperature solvent applications.
Also, as ionic liquids comprise only of particles, they additionally have higher thermal and electrical conductivities in contrast with normal laboratory solvents, just as bigger electrochemical windows.
Furthermore, rising research and development activities for the development of pharmaceutical products are also supplementing the market growth. The pharmaceutical usage of ionic liquids is perhaps the most relevant applications of solvents, with influence on the security and adequacy of the elaborate cycles and with benefits in terms of pharmaceutical formulations and pharmacological activity.
However, high cost of the raw materials used in ionic liquids and complexity involved in its manufacturing process may hamper the market growth. In spite of that, increasing application of ionic liquid in the pharmaceutical and cosmetic industry can provide various opportunities for the further growth of the global ionic liquids market.
Asia Pacific region is Expected to Witness a Fastest Growth in the Global Ionic Liquids Market
Asia Pacific region is expected to witness a fastest growth in the global ionic liquids market within the forecast period due to the increasing consumption of electronic products and rapid urbanization. China has been the largest contributor in the field of ionic liquids market.
For instance; the Institute of Process Engineering (IPE) in China has attracted the world in ionic liquids development and global leaders believe that institute has potential to commercialize on bigger scale.
North America is expected to capture the significant share of the global ionic liquids market owing to the presence of key companies and strict government regulations to minimize the volatile organic compound emission in this region.
For instance; in August 2019, the Chemours Company declared the acquisition of Southern Ionic Minerals which would give Chemours adaptability and versatility in its tasks.
North America
Europe
Asia-Pacific
Latin America
Middle East and Africa
Key Benefits for Global Ionic Liquids Market Report–
By SEOTeam | 21 Mar 2022
Continue ReadingIndustrial Air Compressor Market is valued at USD 25.76 Billion in 2021 and is expected to reach USD 39.25 Billion by 2028 with a CAGR of 6.2% over the forecast period. increasing energy consumption, growing demand for energy-efficient compressors and increasing technical advancements are some of the major factors driving the growth of the Global Industrial Air Compressor Market.
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Scope of Global Industrial Air Compressor Market Report:
An industrial air compressor is a mechanical machine in which air is compressed to raise its pressure. This compressed air is used for various applications such as operating riveters, pneumatic drills, road drills, starting and supercharging of IC engines. It is also used for lifts, rams, pumps. In industry, compressed air is used for producing blasts of air in furnaces and Bessemer converters. There are two types of industrial air compressors which are reciprocating air compressors and rotary air compressors. In single-stage, air compressor air is compressed at a constant temperature during compression. Minimum air compression is done when compression is isothermal and it is maximum when compression is isentropic. In multi-stage compression, two or more cylinder is used to compress air at high pressure. There are some advantages of using a multistage compressor over the single-stage compressor, improves the volumetric efficiency, the sizes of the two-cylinder are adjustable, reduces loss leakages, gives more uniform torque, reduces the cost of a compressor. In a rotary industrial air compressor, maximum delivery pressure is 10 bar only and maximum free air discharge is 3000m^3/min. The capacity of the industrial compressor is expressed in cubic meters per minute. An industrial air compressor was first invented in 1988 by Viktor Popp.
Global Industrial Air Compressor Market Segmentation:
By Product Type
Portable
Stationary
By Technology
Rotary
Reciprocating
Centrifugal
Axial
By Positive Displacement
Reciprocating air compressor
Rotary air compressor
By Dynamic
Centrifugal air compressor
Axial air compressor
By Seal Type
Oil-immersed
Oil-free
By Maximum Pressure
0-20 Bar
20-100 Bar
Above 100 Bar
By Output Power
0-50 KW
50-250 KW
250-500 KW
501-Above KW
By Applications
Manufacturing
Power generation
Oil and gas
Food and Beverages
Chemical and petrochemicals
Others
Key Players of Global Industrial Air Compressor Market:
Elgi Equipment’s Ltd
Hitachi Ltd
Atlas Copco AB
Doosan Infracore Co. Ltd.
Gardner Denver, Inc
Ingersoll-Rand plc
others
Recent Developments:
News: Atlas Copco Launched Five New Air Compressors Across Industry Segments
July 16th, 2019; Atlas Copco launched five new specially designed products in the air compressor segment for the Indian market, providing an edge to small and medium scale business units. This new range includes piston air compressors, screw air compressors, and on sitenitrogengenerator series to cater to the changing demands of customers from different sectors across India. The key industry segments which will benefit from these compressed air solutions are food and beverages, cement, textile, foundry & forging, general engineering, metal, auto & ancillaries, paper and many more.
Rising Application of Air Compressors in the Various Industries and Growing Technological Advancements in This Field are Some of the Major Factors Driving the Market Growth
Industrial facilities utilize compressed air for many operations. Different types of air compressors are used in the industrial sector. In which reciprocating air compressor and rotary air compressor are highly used. The mostly multi-stage air compressor is used because there are adjustable cylinders. Industrial air compressors are used in various industries such as; apparel, automotive, chemicals, food, furniture, general manufacturing, lumber and wood, metals fabrications, and petroleum. These compressors are used in conveying, clamping, tool powering, controls and actuators, automated equipment, dehydration, bottling, spraying coatings, cleaning, vacuum packing Air piston powering, Assembly station powering and process gas compressing in the industrial sector. The main reason behind this increased use of air compressors in these sectors because of belief that pneumatic tool is better than an electric tool. pneumatic tools are lighter, deliver smoother power, are less energy-efficient, did not produce a spark, and so on. Thus, with increased demand in industrial sectors, there is an increased demand for industrial air compressors, which is driving the industrial air compressor market.
In addition, rising number of technical advancements in this field is also fueling the growth of the industrial air compressor market. For companies; they need to save energy to gain momentum in their economy, this is gladly done by using an industrial air compressor with new technology. In fact, about 30 to 40% of energy is defended. Reducing energy output is one of the new industrial air compressor technologies. For instance; the new GA VSD+, launched by Atlas Copco’s global product team, is an oil-injected rotary screw air compressor. GA VSD+ can reduce energy up to 50% compared to the traditional to the same type compressor. The main parts of the compressor are the fan and pump which are used for variable speed application. This technology is to reduce energy output and to improve the economic condition of industrial sectors with the use of new air compressors, which can directly impact on quality of compressors which consequently means improving the growth of the market.
However, restrictions by the government regarding the emission of greenhouse gases & noise pollution may hinder the growth of the industrial air compressor market. Despite that, rising industrialization may create an opportunity for the further growth of the industrial air compressor market.
North America is Expected to Dominate the Global Industrial Air Compressor Market
Geographically, Asia Pacific is expected to show fastest growth in the global industrial air compressor market. In Asia, India and China are the top countries which drive the industrial air compressor market by their high economic significance and growth in the oil, gas, and coal sector. In addition, increase use of industrial air compressors in electronics, automotive, chemical, and pharmaceutical industries in this region owing to government cohesive initiatives is also fostering the market growth. For instance; in August 2019, the Government of India permitted 100% FDI in contract manufacturing through an automatic route. Further, in February 2019, the Union Cabinet of India announced the National Policy on Electronics (NPE) that is expanding industrialization up to 400 billion. Apart from these, Japan, Australia, South Korea, and Taiwan are key countries that are growing at a significant rate in the market with growing investment in energy-efficient industrial air compressors coupled with growing industrialization.
Also, the North American region is expected to witness a significant growth in the global industrial air compressor market within the forecast period owing to its increasing applications in food and beverage, oil extraction, and the pharmaceutical sectors in this region. Traditional compressors are oil-lubricated and noisy operations of oil-free compressors are major areas of concern, which limit their adoption. Therefore, key players are focusing on to control pollution and noisy operation in this region. For instance; in June 2017, Atlas Copco launched oil-injected rotary screw air compressors. These compressors have less noisy operations and are more powerful. These factors will help increase the value of the market in this region.
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=By SEOTeam | 24 Feb 2022
Continue ReadingMetaverse Market is valued at USD 44.69 Billion in 2020 and is expected to reach USD 596.47 Billion by 2027 with a CAGR of 44.8% over the forecast period. Increasing focus on conveying digital & physical worlds through the internet, growing Covid-19 cases, and rising traction & popularity of mixed reality (MR) are some of the major factors, This will result in auspicious growth for the metaverse market.
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Scope of Global Metaverse Market Report:
Metaverse is an arrangement of numerous elements of technology such as virtual reality, augmented reality, and video where consumers "live" inside a digital universe. The users of metaverse envision are able to stay connected with friends through everything from concerts and conferences to virtual trips around the world as it is a space where users can interact with virtual objects in real life with real-time information. It is possible that users have already seen this concept revealed in movies and on television programs. To the metaverse, adopting this factual approach means it is a combination of three elements. These elements include; first, it is a technology that enables the digital content to be arranged over the real world.
This is similar to augmented reality (AR). Then second, this metaverse applies a hardware device & it enables the real world to be communicating. It means the digital content is applied so that users can control the content displayed virtually and interact with it within a real-life space. Third, it is information about anything and everything in the physical world and knowledge about the user such as the user’s schedule, location, habits, and interests. This information will be obtained from the internet and from machines learning about a user’s everyday actions with this metaverse. A simple example of device learning based on a user’s everyday activities is Siri and Alexa. This ‘metaverse’ word was first invented in a piece of theoretical literature named Snow Crash which was written by Neal Stephenson in 1992. In this novel, Stephenson defined the metaverse as a massive virtual environment parallel to the physical world in which users interact through digital avatars.
Covid-19 has positively impacted the growth of the global metaverse market as the quarantine and social distancing during the pandemic forced entire lives online, the limitations of current platforms are starting to become apparent. Also, this pandemic has driven the internet to the next stage of its evolution such as the ‘Metaverse’ where cyberspace becomes more of an interactive 3D space with business& networking together with content corresponding to the worlds in popular games such as Roblox and Fortnite. The current global crisis has accelerated virtual platforms such as metaverse &some of the cultural trends & behaviors that need to be in place for a metaverse to be created. Also pandemic has enhanced the rise of virtual communities such as interactive gaming worlds and mixed reality activations as an important lifestyle space for locked-down consumers. In addition, due to the Covid-19, there are various new developments in digital social experiences such as the dawning of the metaverse which is an always-on, real-time virtual environment that will propose massive opportunities for brand commitment.
Global metaverse market is segmented on the basis of component, type, offerings, technology, application, end-user, and region & country level. Based upon components, the global metaverse market is divided into hardware and software. Hardware further sub-classified into the display, eXtended reality (XR) hardware, and AR/VR headsets. Software is sub-divided into asset creation tools and programming engines. Based upon the type, the market is classified into desktop and mobile. Based upon offerings, the metaverse market is divided into virtual platforms, avatars, asset marketplaces, and financial services. Based upon technology, the market is classified into Blockchain, virtual reality (AR) & augmented reality (AR), and mixed reality (MR). Based upon application, the metaverse market is classified into online shopping, gaming, social media, content creation, conferences, and others. Based upon end-user, the market is classified into education, fashion, media & entertainment, aerospace & defense, and others.
Metaverse Companies
Some of the key players for the global metaverse market are Unity Technologies Inc., Lilith Games, Roblox Corporation, Facebook, Tencent Holdings Ltd., ByteDance, NetEase, ZQGame, Nextech AR Solution Cop., Nvidia Corporation, and others.
Global Metaverse Market Segmentation:
By Component
Hardware
Display
eXtended Reality (XR)Hardware
AR/VR Headsets
Software
Asset Creation Tools
Programming Engines
By Type
Desktop
Mobile
By Offerings
Virtual Platforms
Avatars
Asset Marketplaces
Financial Services
By Technology
Blockchain
Virtual Reality (AR) & Augmented Reality (AR)
Mixed Reality (MR)
By Application
Online Shopping
Gaming
Social Media
Content Creation
Conferences
Others
By End-User
Education
Fashion
Media & Entertainment
Aerospace & Defense
Other
Recent Developments:
News: TaleCraft Launched Medieval NFT Gaming Metaverse
On November 11th, 2021; TaleCraft Majuro announced the launch of its medieval-themed NFT gaming metaverse. The medieval game settings and created NFTs for gaming can be used by gamers. The new grounds presented by TaleCraft, where users can craft cards of their choice rather than minting pre-produced cards and NFTs from gaming publishers. Around 150 Alchemist card are present in Tale Craft’s gaming which will be used to craft NFTs. Each card has different levels determined by the problem and rarity of the card's production. The gaming metaverse also incorporated cross-chain capabilities and where players can public sale their crafted NFTs.
Increasing Focus on Conveying Digital & Physical Worlds through Internet, Growing COVID-19 Cases and Rising Traction & Popularity of Mixed Reality (MR) drive the Market Growth
One of the major factors driving the growth of global metaverse market is the increasing focus on conveying digital & physical worlds through the internet. Metaverse established different computer-mediated virtual conditions including social networks, video conferencing, and virtual 3D. Such virtual conditions, though non-perpetual and detached, have gotten us different levels of digital change. The term Metaverse has been coined to additionally work with the digital transformation in each part of our physical lives. At the center of the Metaverse stands the vision of an immersive internet as a tremendous, persistent, unified, and shared domain. While the Metaverse may appear to be advanced, catalyzed by arising advances like Extended Reality, 5G, and artificial intelligence, the computerized huge explosion of the internet isn't far away. For instance; as per the news published on October 28th, 2021, Facebook launched new AR tools to help creators assemble the Metaverse. The new tool will be utilized by designers and creators to build Metaverse applications.
In addition, increasing COVID-19 cases are also supplementing the demand for the metaverse. The COVID-19 outbreak was very instrumental in driving expanding interest in the Metaverse idea. People started working remotely and students moved to go to classes virtually, and request and need for helpful methodologies or channels for making online communication more practical arose. The COVID-19 cases have speeded up the rise of virtual networks as a significant way of life region for secured clients, including intuitive gaming scenes just as expanding reception of mixed reality. Most recent progressions in digital social experiences would set the context for the next stage of post-Covid advanced movement, the coming of Metaverse, which is being utilized viably as a real-time virtual world to open up and influence the significant potential for brand commitment. For example; according to the World Health Organization (WHO), on November 12th, 2021, there were about 251,788, 329 confirmed COVID-19 cases and 5, 077, 907 deaths, globally.
Furthermore, the rising traction & popularity of mixed reality (MR) also drives the global metaverse market. Blended Reality (MR) fragment is relied upon to enroll essentially huge offer because of expanding utilization of mixed reality (MR) to connect all the more effectively in the Metaverse. At the point when clients can connect directly with Metaverse environments at an actual area, this is known as mixed reality. Clients needn't bother with a VR headset for cooperating with the Metaverse. Clients could essentially engage with the Metaverse utilizing a keyboard, regardless of the level of immersion. However, concern regarding security issues and privacy in metaverse environments may hamper the growth of the global Metaverse market. In spite of that, technological advancement in terms of security in devices and better user security & high confidence among users can provide various opportunities for the further growth of the global metaverse market.
North America is Expected to Dominate the Global Metaverse Market
North America is accounted for the largest revenue share contribution to the global metaverse market owing to various factors such as the major presence of companies, rising focus on converging digital and physical worlds through the internet, increasing emphasis on developing metaverse platforms for the education industry, and many more. Along with the use of metaverse spaces for business, education, retail applications, and many more, several entertainment and social media businesses are investing in metaverse-related research and development. For instance; in 2021, chief executive of Facebook Mark Zuckerberg planned to build the metaverse and has lately announced the tech giant will shift from being a social media company to a metaverse company.
Also, Facebook Horizon, an online video game with an integrated game creation system established and published by Meta Platforms was announced as a social VR world by Facebook. Likewise, Solirax has invested in NeosVR Metaverse and launched it in 2018. The overwhelming investment in metaverse among the number of small and major players is aggressively increasing its demand all across this region.
The Asia Pacific is expected to witness the fastest growth in the global metaverse market due to the high use of metaverse platforms in the entertainment, gaming, and social sector in this region. The metaverse craze has hit Asia’s gaming and social network industries with hundreds of millions of investments. The interaction of many people is shifting towards the online world, the interest in digital entertainment services has enhanced massively. For instance; in October 2021, the Hangzhou-based video gaming giant, NetEase, and its subsidiaries filed dozens of trademark applications related to the metaverse.
Additionally, ByteDance, owner of Tiktok had invested CNY100 million in Rewolrd and also explored the business potential of the metaverse concept. The gaming ecosystem is recognized as integral to the expansion of the Metaverse. Along with the increasing gaming and entertainment sector, the evolution as well development of metaverse is speeding up exponentially. It is also predicted that augmenting internet and digital gaming will enhance demand for metaverse respectively in upcoming years. Thus, this factor is likely to flourish the market growth in the Asia Pacific.
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=By SEOTeam | 31 Jan 2022
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