Ultrasonic Testing Equipment Market Projected size Be Resilient During 2027

According to a new market research report titled ‘Ultrasonic Testing Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027,’ published by Transparency Market Research , the global ultrasonic testing equipment market is expected to reach value of US$ 1,868.3 Mn by 2027, expanding at a CAGR of 7.8% from 2019 to 2027. According to the report, the global market is expected to be influenced by continuously rising demand for ultrasonic test equipment for use in the inspection of pipelines in the oil & gas industry during the forecast period.

Similarly, other industries, such as power generation, aerospace & defense, automotive, manufacturing, construction, and medical, are also influenced by increased adoption of the ultrasonic testing technology to detect flaws, cracks, voids, and discontinuity in the product or material. This increased adoption of ultrasonic testing can directly augment the ultrasonic testing equipment market.

In terms of demand, North America is projected to lead the global market for ultrasonic testing equipment, with the market in the region expanding at a CAGR of 7.8% between 2019 and 2027. Increasing investments in the oil & gas industry for safe transportation of oil and gases through pipelines and stringent government regulations about safety and quality controls are anticipated to significantly drive the market during the forecast period.

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Rising demand for weld technology for use in oil and gas pipelines

The global ultrasonic testing equipment market is projected to expand at a significant rate during the forecast period, due to increasing demand for use of the weld technology in oil and gas pipelines. At the global level, oil and gases are primarily transported by four mediums: rail, trucks, boats, and pipelines. Among these, 100% of natural gas is transported by pipelines, owing to difficulty in and the cost of transforming natural gas into liquid form. Also, 70% of crude oil and petroleum products are shipped by pipelines in the U.S.

Demand for safe transportation of these explosive gases leads to high demand for ultrasonic testing of the weld technology for pipelines. For this testing, various ultrasonic testing equipment are used across the globe. Apart from the oil & gas industry, ultrasonic testing equipment are increasingly being used in various sectors, such as aerospace & defense, automotive, medical, and construction, in order to identify faults, if any, in the manufacture of components. This testing ensures structural integrity and quality of products. This can make the product or system more efficient in terms of performance and reliability. This is projected to augment the demand for ultrasonic testing equipment across the world in the next few years.

Global Ultrasonic Testing Equipment Market: Scope of Report

The global ultrasonic testing equipment market has been broadly segmented based on product, component, technique, end-use industry, and region. In terms of product, the market has been divided into flaw detectors, thickness gauges, ultrasonic scanners, and others. Among these, the flaw detectors segment holds a significant share of the market, owing to portability and ease of use offered by flaw detectors. Ultrasonic flaw detectors are small-sized, portable, microprocessor-based instruments suitable for both shop and field use.

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They generate and display an ultrasonic waveform that enables a trained operator to locate and categorize flaws in test pieces, often with the aid of analysis software. The flaw detectors segment is anticipated to expand at a CAGR of 7.9% during the forecast period. In terms of component, the ultrasonic testing equipment market has been classified into hardware and services. Among these, the hardware segment held a prominent share of the global market in 2018 and is further expected to maintain its dominance throughout the forecast period. In terms of technique, the market has been categorized into conventional and advanced. The advanced segment comprises several testing techniques such as time-of-flight diffraction, phased array, long-range ultrasonic testing (LRUT), and others. Owing to continuous innovations in ultrasonic testing techniques, the advanced segment is anticipated to hold ~80% share towards the end of the forecast period. Based on end-use industry, the global ultrasonic testing equipment market has been classified into oil & gas, aerospace & defense, power generation, automotive, manufacturing, and others. The oil & gas segment is expected to consistently lead the ultrasonic testing equipment market owing to increasing investments in the oil & gas industry.

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Electric Motor and Generator Market Expected size Deliver Dynamic Progression until 2024

An assembly of electric motor and generator also referred to as a dynamometer is a specialized type of equipment for controlling the speed of machinery. Besides being used for power and torque measurements dynamometers are used for several other functionalities, which include testbed for engine development activities. For instance, dynamometers are used for standard emissions testing cycles, as defined by the U.S. Environmental Protection Agency.

The electric motor and generator assemblies are commonly used for household appliances, which includes refrigerators, air conditioners, microwave ovens, freezers, automatic dishwashers, and other products such as computer disk drives that require a small horsepower motor,. The motor-generator assembly are either present as separate elements or as a single setup wherein rotor coils of both motor and generator are wound around a single rotor.

The report presents an in-depth analysis of the various market indicators, technological developments, and growth trends that are important to understand the progression of the global electric motor and generator market from 2016 to 2024. The research report analyzes the past and current performance of the market based on which projections are included herein. This includes market size values and analysis of the various segments in the past, which are used to present forecasts for the study period.

The report is presented after an extensive research phase followed by insightful inputs received from industry experts. The report is compiled in a chapter-wise format, which is further divided into sub-sections that discusses a specific aspect of the market at length.

The report studies the global electric motor and generator market from a competitive viewpoint as well. This includes the current competitive structure of the market and analysis of the various factors that will change the competitive hierarchy until the end of the forecast period. The leading companies operating in this market are profiled for their competitive attributes of business positioning, product portfolio and specification, recent developments, financial standing, and SWOTs. The report also presents the indicators of strengths, weakness, opportunities, and threats of the global motor and generator market until the end of the forecast period in 2024. The analysis presented in the report helps existing and new players leverage gainful opportunities, which will help change the traditional market dynamics.

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Global Electric Motor and Generator Market: Drivers and Restraints

The ever increasing advancement of the electrical and electronics industry is one of the primary factors driving the global electric motor and generator market. Electric appliances and electronics are equipped with electric motor and generator for operational reasons. However, factors such as the economic crisis of late and price fluctuations of electronics are holding back the market’s growth.  Product development and innovation can steer the global electric motor and generator market to new heights.

Global Electric Motor and Generator Market: Regional Outlook

The report segments the global electric motor and generator market into the regional markets of North America, Europe, Asia Pacific, and Rest of the World. Currently, North America and Asia Pacific are the largest markets for electric motors and generators. These regions are followed by Europe and Rest of the World. In particular, the emerging economies of Asia Pacific and Rest of the World are potential hotbeds to contribute significant revenue to the global electric motor and generator market.

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Smart Water Leak Detector Market Expected size Secure Notable Revenue Share During 2026

Smart water leak detectors are electronic sensors designed to detect the water leakage and minimizes the risk of water damage. Water leakage is one of the most common causes of property damage. Smart water leak detectors are small, soap-sized white boxes that you place on a floor near a water-bearing fixture, usually running on long-lasting batteries, similar to a smoke or CO2 detector. These sensors are internet-enabled devices, typically coupled with GPS chips and GIS (Geographic Information System) to detect and report to end-users in case of any water leakage and damage. These are designed to send notifications directly to the user’s phone when the sensor detects water or any changes in temperature.

This technology was developed based on the Advanced Metering Infrastructure (AMI) technology, which acts as the backbone of the smart water meter concept. The smart water meter technology will help operators detect leakages in pipelines, thereby reducing water loses and in turn controlling the water consumption. The smart water leak detectors market is expected to expand at a higher growth rate in the forecast period owing to the increasing demand of smart sensors in order to reduce water leakage and control water consumption.

Further, importance of water conservation and increasing awareness related to water scarcity, leakages, illegal water tapping and other forms of water wastage have triggered the growth of adoption of sustainable water management systems and it plays a major role to drive the global smart water leak detectors market over the forecast period. Rising demand of smart phones and computers is expected to spur the demand of smart water leak detectors is upcoming period. However, high initial investments and high installation are some of the factor that is going to hinder the growth of the market. Further, increasing proliferation of Internet of Things (IoT) and its integration in smart home is expected to create ample opportunity for the manufactures during forecast period. Additionally, efforts are being taken by many companies to upgrade their research and development activities to analyze further application that is expected to generate profitable growth opportunities for the market in the forecast period. 

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The global smart water leak detectors market is segmented on the basis of product type, connectivity, technology and region. On the basis of product type, the market has been segmented into stand-alone sensors, and water sensor alarm model. The stand-alone smart water leak detectors are designed to detect water with two probes placed at the bottom of the unit. These sensors tend to be on the smaller side and work well underneath sinks and alongside sump pumps.

However, water sensor alarm models are connected to a cable so that it detects water in small spaces, so those sensors are ideal for behind your washer machine and other hard-to-reach spaces. On Basis of connectivity, the market has been segmented into wired and wireless. By technology, the market has been segmented into Wi-Fi, Zigbee and others. High demand of WiFi enabled smart water leak detectors is expected to contribute towards growth of the market. 

In the region wise study, the global smart water leak detectors market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Asia Pacific which comprises China, India, South Korea, Australia and other rising economies captured significant market share followed by North America and Europe in 2017. Asia Pacific showed the fastest growth rate during the forecast period due to the emerging economies. China represents huge potential for the sensors with the low cost of raw materials and huge production facilities in the country. However, The U.S is expected to exhibit high market growth over the forecast period owing to its early technological advancement and high capital expenditure. 

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The global smart water leak detectors market is highly fragmented with number of companies operating in the segment. Leading players are currently focusing on providing cost competitive products and acquiring small companies to gain market share. Various manufactures operating in this market are Honeywell International, Vivint, Inc., Samsung Electronics, Glentronics, Inc., SimpliSafe, LeakSmart Inc., Fibar Group, D-Link Corporation, Insteon, Inc., SDI Technologies Inc. (iHome), Wally Labs LLC, Aeon Labs, Roost Home Telematics.

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Narrowband Internet-of-Things (IoT) Chipset Market Expansion size Be Persistent During 2025

As per the Transparency Market Research, the global narrowband internet-of-things (IoT) chipset market is highly consolidated. Most importantly in 2016, top five companies including U-blox Holding AG, Qualcomm Inc., Commsolid GMBH, Sequans Communications, and Altair Semiconductor held 98% share in the market. If these players keep making significant efforts, there is high possibility of them leading the market over the projected tenure.

Increased investment in research and development activities and higher emphasis on product innovation are some of the key focal points of the key players in this market. Collaboration, mergers and acquisition, and partnership are few other strategies that are widely used by leading players. For example, in 2018 Ericsson collaborated with MediaTek to expand their presence in narrowband IoT chipset market.  Few other companies are also playing a vital role in the global narrowband internet-of-things chipset market such as Huawei Technologies, Intel Corporation, Vodafone Group Plc, and Verizon Communications.

On the basis of statistical information, Transparency Market Research analyses that the global narrowband internet-of-things chipset market is anticipated to rise at staggering 37.9% CAGR over the forecast period between 2017 and 2025. In 2016, the market earned US$0.045 bn, which is expected to reach US$0.79 bn by the end of 2025.

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Based on deployment type, the guardband segment is expected to lead the global narrowband internet-of-things chipset market. In 2016, this segment held 41.9% share in the market, and it is projected that this segment will led the market over the projected period. The major advantage of using guardband is that it avoids interference between simultaneous communication channels. It also prevents crosstalk between two different frequency ranges. With respect to geography, emerging economies in Asia Pacific are offering high growth opportunities in the global narrowband internet-of-things chipset market. Growing work for smart city projects, and high adoption of smart meters in countries like India and China are also boosting growth in Asia Pacific narrowband IoT chipset market.

Innovations in IoT Services to Bolster Growth for Narrowband Internet-Of-Things

The best part about using narrowband internet-of-things technology is that it reduces overall complexity of different network types. Further, it helps in reducing overall device costs by nearly 60%, as compared to the devices built on LTE technology. Increasing adoption of IoT and network enabled devices, the demand for long-range connectivity and low-cost and low-power connectivity technologies also increased. These changing trends are expected to further accelerate growth in the global narrowband internet-of-things chipset market.

Moreover, increasing innovation in IoT services and hardware are expected to offer lucrative opportunities in the narrowband internet-of-things chipset market. Rising applicability of narrowband internet-of-things chipset in various devices such as smart appliances, alarms, trackers, detectors, wearable devices, and smart metering are also projected to surge growth in the global narrowband internet-of-things chipset market.

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Lack of Standardization of Low Power Wide Area Network Technology Threatening Market Performance

Lack of standardization of low power wide area network technology mainly in the telecommunication industry is one of the major restraint seen in the global narrowband internet-of-things (IoT) chipset market. High operational cost is also projected to deter demand in this market.  Moreover, increasing security and privacy concerns and low-speed data transmission rate are also projected to limit growth for narrowband internet-of-things chipset. However, increasing demand for high connectivity along with reduced power consumption that narrowband internet-of-things technology will drive demand in the global narrowband internet-of-things chipset market. Moreover, existing LPWA technologies that are non-standardized, fragmented, and have high operational cost, which can be reaplced by narrowband internet-of-things technology. This factor will further expand the global narrowband internet-of-things chipset market.

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Construction Robots Market Expectations & Growth Trends Highlighted until 2026

According to a new market research report on the construction robots market, published by Transparency Market Research the global construction robots market is expected to reach value of US$ 470.61 Mn by 2026, expanding at a CAGR of 10.4% from 2018 to 2026. Asia Pacific is likely to continue to lead the global market, with the market in the region expanding at a CAGR of 12.4% between 2018 and 2026.

Construction companies welcoming their new robot workers are driving the global construction robots market

Earlier, the construction industry was one of the most unfamiliar R&D fields for the robotics & automation community, despite the fact that the industry is one of the oldest and the largest economic sectors. However, in recent years, the construction industry has become one of the most important research areas in the field of service robotics.

The key difficulty with robotics & automation in construction (RAC) is related to nature of the work environment, which is highly unstructured. Automation is changing the face of nearly every industry across the world, whereas the construction industry may pave the way for robots. In the construction industry, robots can carry out 80% of the work, which is more repetitive, more dangerous, and more monotonous. 

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Global Construction Robots Market: Scope of Report

The global construction robots market has been broadly segmented in terms of automation, function, application, and geography. In terms of automation, the market has been classified into fully autonomous robots and semi-autonomous robots. Among these, the semi-autonomous robots segment accounted for a major market share of around 74% in 2017. The segment is expected to expand at a significant CAGR of 11.0% during the forecast period.

The need for broader and more efficient infrastructure and improved monitoring of infrastructure for predictive and corrective maintenance are factors driving the segment. Based on function, the construction robots market has been divided into 3D-printing robots, demolition robots, bricklaying robot, and others. The combination of 3D-printing and industrial robots is some of the most promising automation technologies in the construction industry. In terms of application, the construction robots market has been classified into commercial buildings, residential buildings, public infrastructure, and others. In 2017, the public infrastructure segment accounted for a prominent market share. The segment is estimated to expand at a significant CAGR of 10.9% during the forecast period.

Based on region, the global construction robots market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Asia Pacific dominated the global market in 2017. The region has abundant natural reserves distributed across various countries.

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Mining and construction are among the top industries in Australia, China, India, Malaysia, and Vietnam. With growing urbanization and wide availability of natural resources in the region, mining and construction companies have started using automated equipment, operating software, and communication systems to connect and operate on site. Europe held a major share of the global construction robots market in 2017. This can be attributed to extensive facilities of various companies for the development and production of construction and demolition robots, and increasing need for residential and non-residential construction projects in the region. 

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Pre-wired System Market Estimated size Discern 2x Expansion by 2027

• A pre-wired system is a set of products used for accelerated connection of analog, discrete and I/O modules. The system acts as a substitute for screw terminal blocks, eliminating the need for a single-wire connection.
• Pre-wired systems are available with battery-based charger systems and in various voltage configurations

A pre-wired system consists of an inverter/charger, e-panel, battery monitoring kit, advanced remote control with display, input and output breaker, solar busbar, and surge protection devices

Various Benefits Offered by Pre-wired Systems to Drive Global Pre-wired System Market

• Pre-wired systems offer various benefits such as ease of installation and reduction in cost and time. These systems are available in an assembled form. They are already tested by manufacturers and they can be directly be connected to a battery bank and a PV array (photovoltaic array). 

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Different Modes of Operation to Drive Global Pre-wired System Market

• Pre-wired systems are available in different modes of operation such as grid-tied mode, meter zero mode, time-of-use mode, and smart load mode. The grid-tied mode sends power back to the utility, thereby reducing the electricity bill.
• The meter zero mode zeros the electric bill, without the need for an additional smart meter
• The time-of-use mode uses solar batteries to reduce usage of grid power
• The smart load mode uses a programmable output for high-power off-grid loads to run during optimum solar energy conditions
• Availability of different modes of operation of pre-wired systems is expected to promote growth of the global pre-wired system market in the near future 

North America to Lead Global Pre-wired System Market

• In terms of region, the global pre-wired system market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

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• North America is anticipated to hold a significant share of the global pre-wired system market during the forecast period. It is estimated to be followed by Europe, due to high demand for pre-wired systems in the region.
• The pre-wired system market in Asia Pacific is projected to expand at a rapid pace in the next few years, led by growth in the adoption of commercial and industrial applications in the region
• The market in Middle East & Africa and South America is expected to expand at a moderate pace in the near future. Middle East & Africa and South America offer high growth potential to the pre-wired system market.

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Micro Servers Market Augmented Expansion size Be Registered by 2023

The report on ‘Micro Servers Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2012 - 2018’ offers comprehensive insights into the highly dynamic and high-potential market of micro servers. The proliferation of both structured and unstructured data has provided the greatest impetus to the micro servers market. However, there are several other factors at play here that are likely to alter market dynamics over the next few years. This report brings you up to speed on the latest trends, challenges, and opportunities in this market. It also gives you a comprehensive and accurate landscape of this market based on primary and secondary research methodologies. The report offers you a detailed value chain analysis as well as accurate data pertaining to projections for the coming years as well as analyses of recent developments that are likely to have an impact on the future of the micro servers market. 

 

MARKET OVERVIEW

 

With cloud-based services and cloud computing gaining unprecedented prominence, there is a pressing need for large-scale data centers. Micro servers are widely being employed in such data centers as they consume less power without compromising the cutting-edge performance required in critical technological services. Large-scale data centers are making their presence felt in virtually all parts of the word, and thus the market for micro servers is witnessing rapid growth as well. 

 

The structured and unstructured data created as a result of millions of enterprise applications, social networks, and devices worldwide is likely to act as a massive propeller to global micro servers market.

 

Micro servers are typically designed to handle less intensive workloads including but not limited to: web serving, delivery nodes for simple content, and dedicated hosting (low end). Currently, micro servers cost up to 63% less than larger, conventional servers. Such servers are preferred because they are easy to install as well as maintain-especially because they feature a pre-installed operating system. Micro server software is usually pre-configured by the manufacturer.

 

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Most small- and medium-sized businesses make use of micro servers. In some cases, large organizations that have a small IT team may also choose to use micro servers, especially in a less strategic branch, as traditional servers consume high amounts of power.

 

However, this market is anticipated to face a growth challenge from the growing popularity of virtualized servers-especially in enterprise networks. As virtualized network equipment gains a higher market share, the need for actual server equipment decreases.

 

Hence, the key factors viz. size and cost, both are highly optimized compared to traditional servers. Also, micro servers aren't only suited to low-end online content delivery, but they suit perfectly to data processing tasks where the workload can be parceled up and operated in parallel.

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Inertial Sensors Market Trends, Efficiencies Forecast 2023

Advancement in technology and new inventions have largely contributed to the steady growth of the global inertial sensors market. Taking into account the size, share, growth, and development of the overall market, the research report analyses the numerous segments and provides sharp insight on the same. The inertial sensors industry is highly diversified and fragmented and each section has been scrutinized to identify the trends, top performing segments, opportunities, barriers, and drivers during the forecast period of 2012 to 2018. 

 

The report also lists the leading companies operating in this space and focuses in detail on individual market contribution, current products and those in the pipeline, strategies, and initiatives.

 

It also covers the value chain, product and market life cycle, new product launches, mergers and acquisitions, joint ventures, and Porter’s five forces analysis.

 

Overview of the inertial sensors market

 

On the basis of type, the market for inertial sensors can be segmented into Attitude Heading and Reference Systems (AHRS), Inertial Navigation Systems/Inertial Navigation Units (INUs), and Inertial Measurement Units (IMUs). The various components of inertial sensors include accelerometers, gyroscopes, encoders, magnetic sensor, and GPS. The sensors have a wide range of applications across numerous commercial and noncommercial sectors such as transport, agriculture, healthcare, devices and machinery (commercial), air force, navy and military (defense), and aerospace. 

 

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Being small, accurate and affordable, the market for inertial sensors has grown at a substantial pace. Their growing use in consumer electronics has significantly impacted the growth. Devices such as tablets, mobile phones, gaming stations, remote controls, and laptops use a combination of accelerometers, magnetometers, and gyroscopes. Growing awareness regarding personal health and rising popularity of healthcare devices such as pacemakers and patient monitoring devices has led to increased demand for inertial sensors in medicine. In motor vehicles, the sensors are used in car safety systems, and the booming global automotive industry has had a direct impact on the demand for sensors. 

 

The market is poised for future growth due to mounting use of inertial sensors in aerospace and military sectors in the Asia-Pacific region. Extensive use of its artificial intelligence to reach a location with no digital interference is a major reason for its application in these two fields.

 

Even though leading players such as Kongsberg Gruppen and Trimble Navigation Ltd. have been constantly increasing production, the expanding competitive landscape has propelled the inertial sensors market.

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Disposable Straw Market Revenue to Witness Steady Growth Through 2027

Disposable straws are becoming popular globally. They are bio-degradable in nature and get easily mixed with soil Thus, these type of straws protect the environment. Furthermore, they help protect the enamel of human teeth.

Millions of plastic straws and other kinds of straws are used worldwide every day. Replacing them with disposable straws can help in reducing the amount of plastic in the environment dramatically.

Disposable Straw Market: Competitive Landscape

The concept of disposable straws is quite new in the industry owing to harmful impacts of plastics in marine life. The market for disposable straw is slightly concentrated with the presence of few global players coupled with many regional startups. These players are concentrated in the North American and European regions. Some of the key players active in the disposable straw market are mentioned below.

Huhtamaki Group

Huhtamaki Group is a New Zealand based company specialized in consumer and food service packaging services. The company also manufactures paper and plastic cups and straws. It has a strong presence in 34 countries with 74 manufacturing locations worldwide.

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Aardvark Straws

Aardvark Straws is a U.S. based company specialized in manufacturing of paper straws. The company patented its paper straws in 1888 which was later re-introduced in 2007 in response to the rise in the anti plastic movement. In 2018, the company was purchased by Hoffmaster Group Inc., specialized in manufacturing of food and beverage industry. Products of the company are sold in the U.S. through a network of retailers and distributors.

Tetra Pak International S.A.

Established in 1951, Tetra Pak International S.A. specializes in providing processing and packaging solutions for food. Tetra Pak is one of the three companies in Tetra Laval Group. The company provides U & Z shaped straws, telescopic straws, straight straws, and sensory straws.

Bamboo Straws Worldwide

Established in the year 2014, Bamboo Straws Worldwide manufactures reusable bio-degradable bamboo straws. The company primarily specializes in manufacture of 100% bamboo products. As of 2019, the company has shipped its products to more than three countries worldwide.

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Biopac (UK) Ltd

Biopac (UK) Ltd is one of the key manufacturers and suppliers of eco-friendly food packaging and catering disposables in the U.K. The company provides paper straws and PLA straws. Its core customers include caterers, restaurants, delis, cafés, takeaways, and coffee shops.

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Chemical Protective Clothing Market Insights on Growing Applications by 2027

• The chemical industry has been expanding at a rapid pace due to the growth in economy in developing countries. Chemical products are used across various industry verticals such as industrial manufacturing, oil & gas, mining, food, fire and safety, and military.
• This necessitates the use of protective clothing. Chemical protective clothing safeguards the wearer from hazardous chemicals. It includes gloves for hand protection, caps and helmets for head protection, safety goggles for eye protection, safety shoes foe feet protection, and coveralls, coats, and shirts for overall body protection.
• Strong growth of the chemical industry and new development of high performance fabrics are expected to drive the chemical protective clothing market.

Strict working safety regulations by government and increase in safety concerns among workers anticipated to influence the global chemical protective clothing market

Implementation of safety standards varies from one country to another. Under the United States Department of Labor, various agencies such as Occupational Safety and Health Administration, and Mine Safety and Health Administration regulate safety norms for various industries.

Similarly, the European Agency for Safety and Health at Work regulates the safety norms for countries across various industries in Europe. Many countries are enacting strict regulations for work wear safety at different workplaces. This is expected to drive the demand for chemical protective clothing in various industries. Rise in awareness about safety among workers while working with chemicals is also anticipated to boost the chemical protective clothing market.

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Rapid industrialization and improvement in economic conditions in emerging countries expected to drive chemical protective clothing market

Increase in pace of industrialization in growth in economies is a key factor boosting the chemical protective clothing market. Emerging economies such as India, China, and Brazil are witnessing increasing industrialization to improve manpower productivity due to the rise in population. Demand for chemical protective clothing is estimated to increase due to the rise in employment rates in various industry verticals. Expansion in automotive, chemical, oil & gas, construction, and manufacturing industries is projected to boost the chemical protective clothing market.

North America and Europe regions hold major share in global chemical protective clothing market

• Geographically, the global chemical protective clothing market can be divided into five regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA).
• North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the chemical protective clothing market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the chemical protective clothing market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The South America chemical protective clothing market is segmented into Brazil, and Rest of South America.
• Increasing awareness about labor safety and stringent government laws boosting the demand for product across North America and Europe regions. .

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• Growth in industries and government initiatives regarding labor health during work is encouraging factor for chemical protective clothing market growth across Asia Pacific region.

Key Players Operating in the Chemical Protective Clothing Market:

The chemical protective clothing market involve several global and local players. key players are adopting several strategies, such as business expansion and product portfolio expansion to enhance their position in the market.

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Modular Refinery Market Insights on Emerging Scope the COVID- 19 by 2027

• Modular refinery is a skid-mounted modular structure based crude oil processing refinery plant. Each modular structure is an essential component of crude oil refinery. It is connected to each other by means of pipelines.
• Structures or individual components of modular refineries are usually fabricated in a factory or site far from the required location in a controlled environment. This reduces costs to a larger extent and also improves efficiency of the process. Modules manufactured are transported to the required site for installation, resulting in a much quicker installation time than conventional refineries.
• Major components of modular refineries generally include modular atmospheric distillation units, modular vacuum distillation units, hydrotreater units, hydro desulfurization units, catalytic reformer units, and hydrocracker units

Key Drivers of Global Modular Refinery Market

• Rise in government initiatives to increase local refining capacities, especially in developing and underdeveloped countries across the globe, is expected to drive the demand for modular refineries in the near future. Governments across the globe are striving to curb import of refined products in order to reduce their fiscal deficit. Demand for refined products is rising at a rapid pace in these countries. As a result, their import and burden on economy is also increasing. These facilities enable governments either to import or produce crude oil, which can be broken down into refined products.
• Governments are investing significantly in modular refineries to increase their refining capacities in order to lower the cost and maintain continuous supply of refined products. These facilities not only ensure security of continuous supply of transportation fuels, but also enhance the power generation capacity and secure LPG supply.
• Quick installation period and lower investment costs are another key drivers of the market. Modules of these refineries are pre-built and tested before shipping to the site; therefore, their installation requires comparatively much less time than conventional on-site building approach. These refineries are much smaller in size and processing capacity; therefore, they require comparatively low capital investment than conventional refineries. These refineries can be relocated depending upon the situation and requirements.

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Key Develpments in Global Modular Refinery Market

• In December 2019, Equatorial Guinea’s Ministry of Mines and Hydrocarbons ordered the Atlantic Methanol Production Company LLC (AMPCO) to dismantle its methanol plant at the Punta Europa Gas Complex on Bioko Island. The Government instead notified the company to set up a modular refinery in the location, primarily due to the lack of investment in the Alba field and the corresponding methanol plant. Modular refinery would prove to be value addition project in that space.
• In December 2019, Brahms Oil Refineries Limited and Africa Finance Corporation (AFC) announced that the companies have signed a Joint Development Agreement (JDA) in order to develop and finance a petroleum storage and link it to the Kamsar refinery project in Guinea. The agreement would include establishment of a 76,000 cubic meter and 114,200 cubic meter crude oil storage terminal and refined products storage terminal respectively; along with supporting transportation infrastructure and modular refining facility of around 12,000 barrels per day (bpd).
• In August 2019, AIPCC Energy Limited announced that its 6,000 bpd capacity modular refinery under Edo Refinery and Petrochemicals Limited at Ologbo, Ikpoba Okha, would become operational by October 2019. The company announced that the fabrication of its modular refinery has been completed in China. However, the company is awaiting the inspection and approval of its modular refinery by Department of Petroleum Resources (DPR) in order to ship the facility to the Nigeria site.

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Middle East & Africa Likely to Lead Global Modular Refinery Market

• Middle East & Africa is likely to hold leading share of the global modular refinery market during the forecast period. Increase in investment in onsite crude oil refining and rise in refining capacities in the region are driving the market in Middle East & Africa. Modular refineries require lower investment than conventional refineries. Therefore, they are highly popular in the region.
• North America and Asia Pacific are estimated to follow Middle East & Africa in terms of share of the global modular refinery market. However, the market in Asia Pacific is anticipated to expand at a significant pace during the forecast period, primarily due to the increasing demand for oil & gas in the region, especially in China and India.

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Fish Processing Equipment Market Insights on Growing Applications by 2027

The fish processing equipment market is anticipated to show significant growth during the forecast period. Increase in disposable income surges purchasing power of consumers. Furthermore, rise in urbanization, population, and health awareness uplifts the fish processing equipment market growth. Moreover, strict government regulations regarding food and beverages are anticipated to influence the overall fish processing equipment market.

Consumption of seafood shows significant growth every year. Also, the need for food increases with growing population. These factors propel the global market forward. Increase in health awareness and benefits of seafood in Europe, North America, and several emerging countries across Asia Pacific is expected to further drive the fish processing equipment market in the near future.

Key Drivers of the Global Fish Processing Equipment Market

• According to data published by the Food and Agriculture Organization (FAO), 15% of the global supply of animal proteins is derived from seafood. Global demand for seafood is witnessing massive growth. This encourages producers to scale up their production with the help of efficient equipment.

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• Increase in health conscious consumers in several regions, mainly in North America and Europe, is expected to boost the demand for fish processing equipment. Moreover, rise in preference for safe, fresh-tasting, and nutritive foods manufactured without the use of chemical preservatives is anticipated to influence the overall market.
• Rise in demand for fish and other seafood products coupled with growing investments in automation technologies in food processing is expected to surge the market growth in the near future. Furthermore, increase in automation coupled with easy availability of processing equipment is a major factor responsible for expansion of the fish processing equipment market.

Fish Processing Equipment to Create Attractive Opportunities in Future

• Growing market in several emerging countries is anticipated to be a supportive factor for seafood producers in the next few years. Rise in demand for seafood encourages seafood producers to increase their production with efficient manufacturing process to maintain production cost. This is also expected to lead to technological advancements in fish processing equipment. All these factors are expected to create lucrative opportunities in the next few years.

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Lack of Information and High Capital Investment to Hinder Market

• Several countries still have very less knowledge regarding technological development and advancement in the processing food industry due to lack of availability of information. Also most of the fish processing equipment requires high capital investment which is very expensive for small and mid-range consumers.

Asia Pacific to Dominate the Global Market during the Forecast Period

• Asia Pacific is the major shareholder in the global fish processing equipment market. Increase in population and disposable income of people boosts the demand for processed foods. Several emerging and developed countries across Asia Pacific such as Japan, China, India, and several countries in Southeast Asia are anticipated to show significant growth in seafood production which is likely to be an encouraging factor for fish processing equipment manufacturers.

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