Female Depilatory Products Market Competition Scenario, Trends and Forecast 2019–2025

Depilatory products have gained a significant surge in the demand in recent years. Depilatory products are widely used for the removal of unwanted hair on the skin. The surge in the demand for depilatory products is majorly attributed to the rising awareness about personal hygiene among the female population. The developed countries such as U.S. Canada, U.K. and Germany among others are the major contributors to the growth of the female depilatory products market owing to the huge adoption rate of the same among the female population.

Rapid acceptance of depilatory products among the female population is one of the key factors responsible for the growth of female depilatory products market at present. Rising awareness about hygiene is one of the key factors associated with the surging demand for female depilatory products.

Further, the manufacturers operating in the field of female depilatory products, post extensive surveys on consumer behavior and research and development activities have come up with new products falling in this line and are also engaged in upgrading the existing depilatory products with new features in order to cater to the changing needs and preferences of the consumers. This has allowed the consumers to have an enhanced access to a wider variety of depilatory products to choose from.

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However, harmful chemicals included in depilatory products are a major reason barring the growth of the market at present. Calcium hydroxide, potassium hydroxide, and sodium hydroxide among others are some of chemicals that are present in hair removal creams that help to remove hair faster. However, such chemicals have an adverse on the skin and since these products are used frequently, the effect of these chemicals on the skin is more evident. Due to this factor, a certain part of the female population refrain themselves from buying depilatory products, which has posed a negative impact on the growth of the female depilatory products market.

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Industrial Protective Footwear Market Became a Highly Profitable Industry

Transparency Market Research has published a new report on the Turkey and Russia industrial footwear market. As per the report, the Turkey industrial protective footwear market is expected to expand at a 9.10% CAGR from 2014 to 2020. The market stood at US$282.6 mn in 2013 and is expected to reach US$518.2 mn by 2020. The report, titled ‘Industrial Protective Footwear Market – Turkey and Russia Industry Analysis, Trend, Size, Share and Forecast 2014 – 2020,’ also states that the Russia industrial protective footwear market is predicted to progress from US$356.7 mn in 2013 to US$556.1 mn by 2020, expanding at a 6.60% CAGR from 2014 to 2020. The increasing government support and rising awareness about workplace security are predicted to propel the Turkey and Russia industrial footwear market in the years to come.

The industrial protective footwear market comprises all kinds of footwear that are used by workers working in various industries such as construction, oil and gas, manufacturing, pharmaceuticals, chemicals, and others. The growing need for using protective equipment in the workplace and the rising number of supportive policies made by regulatory authorities are predicted to benefit the Turkey and Russia industrial footwear market in the next few years. The increasing potential of the Turkey and Russia industrial footwear market is predicted to attract many new companies from across the globe. However, government rules and regulations are predicted to act as strict barriers for new entrants in the years to come.

Various industrial protective footwear providers are taking efforts to introduce new devices and workplace protective equipment to fulfill the needs of workers. The demand for protective footwear from small-scale manufacturing firms and other segments such as agriculture, the unorganized sector, and government usage is expected to increase in the next few years. The manufacturing segment stood at US$46.4 mn in 2013 and is expected to progress at an 8.10% CAGR during the period from 2014 to 2020. The upcoming business opportunities and rapid industrialization have assisted the growth of the manufacturing application segment. At present, in Russia, the manufacturing application segment is the fastest growing segment.

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In 2013, in terms of volume, the oil and gas segment recorded a demand for 0.86 million pairs. Further, the average selling price for the construction segment was the highest in 2013, with the segment being valued at US$108.06 mn. The food application segment stood at US$15.0 mn in 2013 and is predicted to be the fastest-growing market in the Turkey industrial protective footwear market. The food application segment is expected to expand at a 10.30% CAGR during the period between 2014 and 2020. Factors responsible for the growth of the food application segment are the changing government regulations and the rising awareness about workplace security and safety.

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Domestic Booster Pump Market to be worth US$ 4.69 Bn by 2026

According to a new market report published by Transparency Market Research titled “Domestic Booster Pump Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,”the global domestic booster pump market is expected to reach US$ 4.69 Bn by 2026, expanding at a CAGR of 8.3% from 2018 to 2026. Asia Pacific held the dominant market share of the domestic booster pump market in 2017.

A booster pump is a single or multi-stage pump with start/stop functionalities such as a pressure switch or small control unit to start/stop the pump. The allocation of huge funds by the governments of countries such as India toward various industrialization and urbanization projects is anticipated to create huge opportunities for the pumps and booster pumps market in the near future. The number of small- and medium-sized players in the pumps market is rising rapidly. As compared to organized pump manufacturers, small and medium companies offer products at low-cost. The global consumption of pumps is very high due to continuous growth in population and residential construction. Technological advancement in product manufacturing to create a diverse product portfolio acts as a strength to the domestic booster pumps market.

Asia Pacific is expected to have the highest growth rate during the forecast period due to continuous growth in population and residential construction in this region. The market share of domestic booster pumps in Asia Pacific was 37.2% in 2017 followed by Europe. The mass migration of rural citizens into major urban centers along with the continued development of rural areas is expected to generate high demand for booster pumps in water infrastructure, power generation, and to meet other basic needs of the growing population.

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By product, multiple stage pumps have the highest growth opportunities as consumers prefer to choose multiple stage domestic booster pumps over single stage pumps as these types of pumps are used to boost water supply in tall buildings or in hilly areas for various commercial and residential applications.
By application, residential homes/flats segment in the domestic booster pumps market holds the largest share and is expected to continue its dominant market position in the near future as there are more residential homes/flats as compared to farm houses and guest houses.

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MicroLED Market to record a CAGR of 21.14% by 2026 – TMR

According to a new report pertaining to the MicroLED market, published by Transparency Market Research, the global MicroLED market is expected to reach US$ 286.38 Mn by 2026, expanding at a CAGR of 21.14% from 2018 to 2026. According to the report, the global market will continue to be influenced by a range of macroeconomic and industry-specific factors. Asia Pacific will continue to be at the forefront of global demand, with the market in the region growing at above 25% through 2026. MicroLED market growth is expected to witness a surge over the forecast period due to the continuously increasing usage of wearable devices across different regions.

Longer lifespan of MicroLED in comparison to OLED, driving the global MicroLED market

MicroLED is made of semiconductor material which is inorganic in nature, and the overall size of the component is less than 100um, due to which it is known as MicroLED. An array of MicroLEDs are being set for the purpose of forming discrete pixel elements. The MicroLED market has created considerable interest among leading brands, which includes Samsung and Apple, which have bought many MicroLED start-up companies.

MicroLED has potential applications in smart Near-to-Eye wearable, automotive displays, smart watches, and signage’s. Additionally, MicroLEDs are expected to have much longer lifespan and response time in comparison to OLEDs; this generates interest for MicroLEDs. Samsung is presently well poised to develop 150-inch MicroLED TV in 2018. Advancement in technologies such as MicroLEDs and OLEDs have been able to fulfill the market demand for better viewing experience, efficiency, and improved aesthetics; these technical factors are also well poised to increase the product life expectancy even further than earlier technologies.

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The global MicroLED market is broadly segmented by type and application. According to the research study, by type, the display segment held the maximum market share and is anticipated to show a CAGR of above 20% through 2026. Display segment’s revenue contribution is primarily due to significant deployment of MicroLED across applications such as smartphones, and smart watches.The display segment is anticipated to remain dominant over the forecast period. As the market is in its initial stage, in the current MicroLED market, services which includes installation, maintenance, and repair related to MicroLED are limited.

However, expected significant reduction of the MicroLED panel cost in the near future is likely to create a lucrative market for MicroLED and hence the MicroLED display segment is anticipated to expand at the highest CAGR over the forecast period. The report projects the lighting segment to show a CAGR above 15% over the forecast period. As per TMR analysis, MicroLED market’s smartphone application segment grabbed the maximum market share in 2017 and a similar trend is expected to be seen over the forecast period.
Improvement of the quality and uniformity of the epitaxial wafers required to maintain the low cost and high yield is expected to drive the smartphone application in the global MicroLED market. The MicroLED market is anticipated to witness moderate growth during the forecast period due to rapid growth of AR/MR.

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Terrestrial Trunked Radio (TETRA) Market Became a Highly Profitable Industry: Revenue Analysis and Industry Forecast, 2018-2026

A fresh market intelligence study by Transparency Market Research (TMR) detects the global terrestrial trunked radio (TETRA) market is largely a concentrated one with key market share held by a few dominant players that operate globally as well in regional markets. In a highly competitive business landscape, prominent companies are striving to stay ahead by providing differentiator services such as in public safety and critical communication spaces. This is also helping these companies to expand their geographical outreach. For instance, in May 2017, Hytera Communications acquired Sepura Gropup Plc. to expand their services in the European region.

Key players that operate in the global TETRA market include Motorola Solutions, ROHILL Engineering B.V., Damm Cellular Systems A/S, Airbus Defense and Space Oy, Rolta India Limited, Simoco Wireless Solutions, Cobham plc, JVCKENWOOD Corporation, Hytera Communications, and Leonardo among others.

As per the TMR report, the global TETRA market is likely to expand at a healthy 11.97% CAGR during the forecast period from 2017 to 2025. At this pace, the market will become worth US$12,166.7 mn by the end of 2025.

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The application segments of the global TETRA market include transportation and logistics, aviation, oil & gas, public safety, and others. Of them, the public safety segment is anticipated to account for the leading revenue contribution to the overall market over the forecast period. Among the key component types, hardware is likely to occupy for the leading 43.9% revenue contribution to the TETRA market by 2025. Geography-wise, Asia Pacific TETRA market is a significant one mainly due to the adoption of TETRA in a host of service areas.

Foolproof Communication Needs of Public Safety Agencies Boosts Adoption

First and foremost, the rising need to provide foolproof mission-control critical communication system for homeland security of nations is primarily driving the TETRA market. Further, the need to serve communication needs of various public safety agencies such as fire department, police, utility companies, and other services is also stoking the market’s growth. These agencies handle critical information that needs to be transmitted in a timely manner.

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Biometric Sensors Market | How It Is Going To Impact On Global Industry To Grow In Near Future

The global biometric sensors market depicts the presence of a substantially competitive landscape, says Transprarency Market Research, based on a research report. Numerous local as well as international companies operate in this market. Most companies are incorporating strategies such as mergers and acquisitions, collaborations, and partnerships, expand in the global biometric sensors market. Moreover, the players are also focusing on improving the device quality as well as services provided. The competition is likely to intensify as the number of companies grows in the global biometric sensors market. Some of the major players operating in the market are CrossMatch Technologies, Inc., Infineon Technologies AG, 3M, NEC Corporation, ZKTeco Inc, Suprema Inc., IDEX ASA, Precise Biometrics Ab, and Safran, among several others. 

According to expert analysts from Transparency Market Research, the global biometric sensors market is prognosticated to expand at a splendid CAGR of 9.6% during the forecast period ranging from 2015 to 2023. The market had registered revenue worth US$710.0 mn in 2014. This revenue is expected to reach a valuation of 1625.8 mn by the end of the forecast period. 

The global biometric sensors market is segmented on the basis of type, application, and end use. With respect to application, the market showcases the fingerprint sensors segment to lead with highest revenue generation capacity. This is mainly due to an increase in demand and use of authentication-based services. This is mainly due safeguard and secure important data and other information stored in systems. From a regional perspective, Asia Pacific holds a leading position in the global biometric sensors market, mainly due to increasing number of corporate companies in the region. 

Increasing Need for High Security Standards Boosts Biosensors Market’s Growth

The demand for fingerprint identification is increasing by the day, mainly due to rising use of latest smart devices and smart phones. Several organizations need to store classified information. Moreover, entry to several places needs to be facilitated through restriction. These are major reasons that necessitate the use of biometric sensors, thereby driving growth in the global biometric sensors market.

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In addition, with several advancements in technology occurring at a breath-neck pace, an increasing level of sophistication exists in terms of security and data protection. This factor too majorly contributes towards the global biometric sensors market’s expansion. The sensor technology is being made substantially lightweight and compact, as well as equipped with state-of-the-art security features. With increasing demand for such advantages and features, the global biometric sensors market is expected to witness a major surge in terms of revenue generation in the near future. 

Lack of Availability and Standardization Issues Hamper Market’s Presence

However most of the sensors are substantially expense. This might make it difficult for several small organizations having less capital to procure them. Moreover, these sensors are still not in vogue in various developing as well as underdeveloped economies as a result of high cost and less availability. These are two major factors acting as restraints affecting the global biometric sensors market. There also exists lack of standardization in terms of development and implementation of sensor devices.

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Growth of the Manufacturing Industry to Fuel the Smart Home Market

Digital has become the most preferred medium of communication today. While it facilitates communication between two individuals, it has also opened avenues for humans to communicate with gadgets. For instance, one could switch on his bathroom’s geyser while driving back home from work, and instantly step into the shower. These are called smart devices and fall under the global smart home market.

In the last few years, the global smart home market has caught pace, thanks to the surge in consumption of smartphones and internet. A Transparency Market Research Study analyzes the global smart home market and predicts that the market would grow at an astounding CAGR of 18.4% during the forecast period. The global smart home market was valued at US$36.27bn in 2017, analysts at TMR cite in the report.

Innovation forms the fulcrum for competition in the global smart home market as competitors strive hard to roll out products that would attract the attention of consumers. As the tech savvy population grows across the world, demands will also vary from one geography to another. This will push players in the global smart home market to develop variants that suit a wide variety of requirements.

When it comes to regions, the global smart home market is scattered across the world. Technologically advanced nations like the U.S. and Canda propel demand in North America. Therefore, this region is expected to reign the global smart home market. Further, players in the global smart home market will have a keen eye on Asia Pacific as demand for smart home devices is growing in countries like India, China, Malaysia, South Korea, and Japan.

 

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Easy Access to Internet Spurs Demand

The primary requirement for the global smart home market is internet. Today, every corner of the world is connected with internet. Smart home devices are connected to the internet and have to be controlled by an external device, or can be by used by voice command. Today, most people possess a smartphone which is connected to internet, thus promoting possibilities of consumption in the global smart home market.

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