Tunnel Lighting Market 2020 Recovering From Covid-19 Outbreak

Transparency Market Research delivers key insights on the global tunnel lighting market. In terms of revenue, the global tunnel lighting market is estimated to expand at a CAGR of ~5% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global tunnel lighting market report.

In the report, TMR predicts that the global tunnel lighting market would be largely driven by factors such as increase in transport infrastructure and technological advancements. Rise in development of transport infrastructure, development of sustainable products to reduce carbon emission, developments in rural areas, the power sector, and government investment in infrastructure are set to drive the global tunnel lighting market during the forecast period.

According to the tunnel lighting market report, the type segment includes LED lighting, electrodeless lighting, incandescent lighting, fluorescent lighting, and others; the shape segment includes linear, round, square, rectangle, and others; the installation segment includes surface mounted, hanging, and recessed/side wall mounted; the application segment includes roadway tunnel, railway tunnel, mining tunnel, public work tunnel, and others. Based on type, LED lighting accounts for major share. Long life span, better lighting quality, and enhanced controllability offered by LEDs are the key factors driving its demand in the global market. The segment is projected to expand at a significant rate in the near future.

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The demand for tunnel lighting systems is projected to grow owing to increase in tunnel construction activities and efforts to upgrade the existing tunnel lights. Several manufacturers are continuously undertaking technological upgrades for better functionality of their products. Demand for new LED designs and features is continuously increasing in the market.

The presence of many manufacturers leads them to invest extensively in R&D and production equipment to remain competitive in the market. Companies are continuously finding a way to enhance product performance, reduce cost, and serve consumers in an efficient manner.

Political situations between nations has a significant impact on businesses around the world. Many manufacturers are looking for stable trade and regulatory environments between nations to do business. Manufacturers are also entering new markets to cater to new consumers and improve their distribution capabilities.

Sensors and cameras are becoming important in tunnel lighting fixtures. Manufacturers are now providing cameras with light fixtures for data gathering and tackling various transport network issues.

Tunnel Lighting Market: Prominent Regions

Europe holds major share of the global tunnel lighting market followed by Asia Pacific. Key players largely depend on geographical expansion, promotions, and technological advancements to cater to customer demand and gain a competitive edge in the global tunnel lighting market.

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Europe accounted for approximately 35% share of the global tunnel lighting market in 2018, followed by Asia Pacific and North America. Exponential growth in the population has resulted in increased road management, resulting in re-construction and new construction of several road tunnels and underpasses, which in turn have significantly contributed to the overall growth of the tunnel lighting market

Tunnel Lighting Market: Key Players

Key players operating in the global tunnel lighting market include Acuity Brands Lighting, Inc., Aeon Lighting Technology Inc., Cree Inc., General Electric Company, Kenall Manufacturing, Koninklijke Philips N.V., Zumtobel Group AG, NINGBO GOLDEN CLASSIC LIGHTING CO.,LTD., Schréder, and Thorlux Lighting.

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Term Insurance Market Segment by Applications

Transparency Market Research delivers key insights on the global term insurance market. In terms of revenue, the global term insurance market is estimated to expand at a CAGR of ~4% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global term insurance market report.

In this market report, TMR predicts that simplicity and management flexibility of term insurance policies will have a noteworthy impact on the overall term insurance market. Term insurance premiums are available at lower rates when compared to permanent policies with same amount benefit. This makes them more suitable for lower income groups across the globe. Additionally, term insurance policies are also relatively simple to understand and provide management flexibility to customers such as easy cancellation and shifting to a permanent policy. These factors are driving the popularity of term insurance policies in rapidly advancing regions, especially among the age group of 25 – 35. These are majorly beginners opting for financially secure insurance policies.

Furthermore, partnerships among policyholders is a key trend in the term insurance industry. Term insurance service providers are becoming partners with the policyholders by accessing their data in order to provide personalized value-added services. Furthermore, term insurance service providers in the market are also taking on the role of a preventer by advising and training their customers to make better healthcare and lifestyle choices.

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For instance, AIA Australia linked life and health insurance, along with its wellness program rewards, allowing customers to take proactive actions to understand and improve their health by offering discounted insurance premiums.

In terms of type, the term insurance market has been segmented into level term policy, renewable or convertible, annual renewable term, and mortgage life insurance. During the forecast period, the term insurance market is anticipated to be dominated by the level term policy segment. It provides predictable financial protection, with unchanging premiums or death benefits. This significantly contributes to the level term insurance growth during the future timeline.

Based on buying channel, the term insurance market has been segmented into direct and indirect channel. The direct channel has been further segmented into direct email, call centers, and online company websites. The indirect channel has been segmented into agency, brokers, and online aggregators. The online aggregators segment is anticipated to expand at a significant growth rate during the forecast period, and also contribute to the overall growth of the global term insurance market.

Term Insurance Market: Prominent Regions

Geographically, Asia Pacific led the term insurance market in 2019 and the region is expected to retain its dominance during the forecast period. China and India are considered the major markets for term insurance in the Asia Pacific region. Apart from Asia Pacific, European provinces also significantly contributing to the growth of the global term insurance market.

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Term Insurance Market: Key Players

The competition landscape of the term insurance market is highly fragmented with leading players accounting for nearly 20% of the revenue share. Key players operating in the global term insurance market include AIA Group, AIG, Allianz SE, AXA, Berkshire Hathway, Brighthouse Financial, China Life Insurance, Prudential PLC, United Health Group, and Zurich Insurance Group.

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Trampoline Park Equipment Market Accelerating Immense Growth by 2030 with Emerging Key Players

• Trampoline park equipment are majorly used by children and teenagers while undertaking physical activities. Nowadays, kids are less active, with decreasing levels of fitness seen over the past few years, probably due to increasing time spent in front of smartphones, televisions, and intake of high calorie fat diets. Trampoline parks provide a platform to youngsters to maintain their fitness levels. Rise in trend of indoor trampoline parks in tier one and tier two cities in developing countries across the globe is expected to increase the demand for trampoline park equipment in the coming years.

Rising awareness among individuals about the significance of physical activities in children and youngsters anticipated to drive the trampoline park equipment market

• Rapid increase in awareness among individuals especially parents about the importance of physical activities in children and youngsters is projected to drive the trampoline park equipment market in the near future. Rising count of trampoline parks in emerging economies such as China, India, Japan, and various other parts of the globe are projected to create new opportunities for trampoline park equipment manufacturers. Various parts of the globe still have big untapped markets which need to be catered to by trampoline park equipment manufacturers.

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Increasing number of trampoline parks in emerging economies an opportunity for trampoline park equipment manufacturers

• Rapid increase in number of trampoline parks in emerging economies is projected to create significant opportunities for manufacturers and distributors of trampoline park equipment during the forecast period. Trampoline park equipment manufacturers are also offering attractive discounts and offers to drive the sale of trampoline park equipment. In Asia Pacific and Middle East & Africa, demand for trampoline park equipment is projected to increase at a significant rate in the near future.

North America and Europe Hold Major Share of the Trampoline Park Equipment Market Globally

• Geographically, the global trampoline park equipment 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 and Europe hold major share of the trampoline park equipment market across the globe. The market in North America and Europe is anticipated to expand at a moderate rate during the forecasted timeline. Increasing awareness about the significance of physical activities in kids and teenagers in the U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, and other European countries is projected to drive the trampoline park equipment market in the near future.
• Furthermore, the market in Asia Pacific and Middle East & Africa is estimated to expand at a significant growth rate during the forecasted timeline. Rapid increase in number of trampoline parks in China, India, Japan, and other Southeast Asian countries is projected to surge the demand for trampoline park equipment in the Asia Pacific region.

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Key Players Operating in the Trampoline Park Equipment Market

Prominent manufacturing companies are likely to face healthy competition during the forecasted timeline. Companies such as Best American, Cheer Amusement, Dreamland Playground Co. Ltd., and Multiplay International Ltd. are focusing on innovation of new equipment, and bringing new technology equipped springless trampolines into the marketplace to meet the demand for trampoline park equipment in different parts of the world. 

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Heat-not-burn Products Market Competition by Manufacturers

• Heat-not-burn (HNB) products are products which heat up tobacco by using a battery-powered heating system. The product is inhaled by the user via the mouth. The product contains an extremely addictive material i.e. nicotine.
• HNB products also have non-tobacco extracts. They are usually flavored. Several types of HNB products are available in the market. A few examples include products that use loose-leaf tobacco, such as Ploom and PAX, and tobacco sticks, such as IQOS and glor.
• Heat-not-burn products are also called heated tobacco products or non-combusted cigarettes

Key Drivers of the Global Heat-not-burn Products Market

• Increase in adoption of technologically advanced cigarettes is likely to boost the global heat-not-burn products market in the near future. Users are becoming health conscious and increasingly sophisticated, with rising purchasing power. They are capable of differentiating between various brands.
• The heating process produces a flavorful nicotine with vapor. While the tobacco does not burn, intensity of harmful chemicals is considerably reduced compared to traditional cigarette smoke.

North America and Europe are Dominating the Overall Market

• In terms of geography, the global heat-not-burn products market can be divided into 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 for the heat-not-burn products 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 heat-not-burn products market analysis and forecast for GCC, South Africa, and Rest of Middle East & Africa. The South America heat-not-burn products market is segmented into Brazil, and Rest of South America.
• North America and Europe are highly attractive regions of the global market, owing to presence of key players such as Philip Morris International Inc. and British American Tobacco in these regions. Youngsters are mostly adopting new and technologically advanced devices as a safe substitute for tobacco, which is likely to surge the adoption of heat-not-burn products in the near future.

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Key Players Operating in the Global Market

• Currently, the global heat-not-burn products market is a consolidated market, due to presence of established players. Competition among these players is intense, and established companies are acquiring startup companies to expand their customer base as well as geographical reach.
• In 2018, Japan Tobacco Inc. (JT) acquired the tobacco business of Akij Group (Akij). The acquisition of Akij’s tobacco business has enabled JT Group to become the second-largest tobacco company in Bangladesh. It has further expanded JT Group’s operations in emerging markets, supporting its objectives for sustainable profit growth in the mid and long terms. A few of the key players operating in the global heat-not-burn products market are:
  • British American Tobacco
  • Imperial Brands
  • JT International AG
  • Korea Tobacco & Ginseng Corporation
  • PAX Labs, Inc.
  • Philips Morris International
  • SHENZHEN AVBAD TECHNOLOGY CO., LTD

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Hand Sanitizer Market Production, Revenue, Price Trend by Type

The growing focus on healthcare and hygiene has been the foremost driver of demand within the global hand sanitizer market. The presence of a seamless healthcare sector that focuses on informing and educating the masses has a created humongous opportunity for market growth. Several people count on sanitizers for their daily hygiene needs, and this trend shall pave way for new technologies in the market. In this context, it is legit to expect that the global hand sanitizer market would grow at an unprecedented pace in the forthcoming years. The use hand sanitizers by youngsters is a key dynamic of market growth.

In this review, Transparency Market Research brings out the significance of key factors responsible for the growth of the global hand sanitizers market. The total volume of revenues within the hand sanitizers market is slated to touch new heights, and supermarkets are glutted with these products. Stockpiling of hand sanitizers has become a global trend over the past few decades, and this has created havoc across supermarkets. A number of retail outlets have run out of hand sanitizers, and this trend portrays the buying patterns of the consumers in times of this pandemic.

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Global Hand Sanitizer Market: Notable Developments

As the demand for hand sanitizers increases, manufacturers have to look for quick-win solutions to deal with market conditions. Several countries have gone under lockdown which has affected supply chains and procurement avenues in the market. Therefore, vendors in the global hand sanitizers market are looking for alternate supply chains that can help in procuring raw materials and supplying finished products. The ability of hand sanitizer manufacturers to capitalise on the unmet market needs could help them earn humongous revenues.

Manufacturers are relying on strengthening their digital core to enhance their production and supply standards. The development of a digital supply network that connects manufacturers, suppliers, and stakeholders has helped market vendors in reconciling their growth dynamics. Furthermore, investments provided by government entities to accelerate the process of manufacturing has also benefitted the market vendors.

Key Market Players:

• Procter & Gamble
• GOJO Industries, Inc.
• The Himalaya Drug Company
• Henkel AG & Company

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Global Hand Sanitizer Market: Growth Drivers

• Outbreak of the Corona Virus Pandemic

The alarming rate of the spread of the corona virus, also known as Covid-19, has created a large playfield of opportunities for market growth and maturity. The past few weeks have witnessed unexpectedly high demand for hand sanitizers as panic related to the virus rises. A large population of people has begun stockpiling hand sanitizers, toilet paper, and several other important items. This trend has put manufacturers of hand sanitizers under tremendous pressure to meet the humongous demand. There is little contention about the growing value of the hand sanitizers market. The trend of panic buying, as a result of the outbreak of the covid-19 pandemic, has affected the inventories of manufacturers of sanitizers.

• Recommendations and Guidelines Provided by WHO

Healthcare experts and the WHO have released guidelines to prevent people from becoming a means to communicate or contract the virus. These guidelines have been published across public portals, online channels, and several other platforms. The government is also making ardent efforts to popularise hand sanitizers in times of this pandemic. Use of hand sanitizers that contain at least 70% alcohol are attracting huge demand from the masses in recent times. Moreover, the recommendation of the WHO to constantly sanitize the hands after touching untidy surfaces has given a thrust to the growth of the global market. The overall value of the global hand sanitizers market would increase in the times to follow.

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Variable Temperature Kettles Market Company Profiles and Key Figures

• Variable temperature kettles are electric devices designed and manufactured to heat water and other beverages at different temperatures. The kettle automatically switches off if it is kept empty. Cordless variable temperature kettles are travel friendly and can be used during picnics & outings. The variable temperature kettle market is segmented based on product type, price range, end-use, distribution channel, and region. Based on product type, the market is segmented into electricity powered, and battery operated variable temperature kettles. Easy usage and portability of these kettles are likely to drive the market in the near future. Rising purchasing power, and growing health awareness leading to green tea consumption has increased the usage of variable temperature kettles. However, availability of other low cost alternatives can hamper the growth of the market.

Rising Demand for Efficient and Easily Usable Cooking Equipment to Drive the Global Variable Temperature Kettles Market

• Variable temperature kettles allows users to monitor the temperature and boiling process while cooking. It prevents overheating of the beverages and keeps the beverage warm. These are the major factors driving the usage of variable temperature kettles. They are majorly preferred by commercial food service providers due to the portability factor. These smart, user-friendly kettles with advanced features are highly preferred nowadays, which is projected to boost the variable temperature kettles market in the coming years.

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Availability of Other Substitutes to Hamper Growth of the Market

• Adoption of variable temperature kettles is increasing rapidly due to its easy usage and efficient temperature variations. However, several alternatives such as electric kettles, and tea & coffee makers may hamper the growth of the variable temperature kettles market. The availability of other lower cost alternatives is anticipated to create hurdles in the path of growth of the global variable temperature kettles market.

North America to Lead the Global Variable Temperature Kettles Market

• In terms of region, the global variable temperature kettles market can be divided into North America, Asia Pacific, South America, Europe, and Middle East & Africa
• The variable temperature kettles market in Europe includes analysis and forecast for Germany, the U.K., France, and Rest of Europe. North America comprises Canada, the U.S., and Rest of North America. The variable temperature kettles market in Asia Pacific includes India, Japan, China, and Rest of Asia Pacific. The South America variable temperature kettles market can be segmented into Brazil and Rest of South America. Middle East & Africa covers GCC, South Africa, and Rest of Middle East & Africa.
• North America is likely to witness the maximum demand for variable temperature kettles followed by Asia Pacific from 2020 to 2030 due to increasing focus of consumers on efficient cooking appliances and rising purchasing power in the regions.

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Process Spectroscopy Market Analysis by Application

As per a recent report by Transparency Market Research on global process spectroscopy market, the persisting demand for improving the manufacturing process in several business verticals is the key reason for the growth of the global process spectroscopy market. The report also states that the market's growth is attributed to developing pharmaceutical sector by improving microscopic study of chemicals. These processes require process spectroscopy to collect viable data regarding the properties of several compounds. Also, benefits such as information in real-time and quality analysis are few more factors driving the growth of global process spectroscopy market from 2019 to 2027.

Substantial Growth of Market with 8.3% CAGR

Looking at the demand for quality products by several end-use industries along with the undeviated focus of the manufacturers to enhance the quality of their manufacturing processes, the global process spectroscopy market is projected to grow at a CAGR of more than 9% between 2019-27. This robust growth of the global process spectroscopy market is the result of rising demand for implementation of next-gen cloud-based equipment by several pharmaceutical industries across the globe. Additionally, development of new drugs by pharmaceutical companies require streamlining process which require process spectroscopy equipment. Based on these demands, the global process spectroscopy market is projected to witness the anticipated growth from 2017 to 2025.

Also, the analysts at Transparency Market Research predicts that the global process spectroscopy market shall reach to the value of above US$ 2 bn by the end of the tenure. This is prediction is based on the analysis of the dynamics of the global process spectroscopy market.

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North America to Generate Maximum Revenue

From geographical point of view, North America is the most lucrative region for global process spectroscopy market. This is because of the growing pharmaceutical industry in the U.S and Canada. The report states that the region is anticipated to account significant market share of the growing global process spectroscopy market. It is because of this reason, players of process spectroscopy market are focusing their interest towards the region of the North America and hence the region dominates the geographical front of the market.

Raman Spectroscopy to Drive Maximum Revenue

In terms of technology the global process spectroscopy is dominated by the Raman spectroscopy segment. This dominance of the segment is the result of growth in the number of diagnostic centers for cancer. These centers are dedicated to identify the type and the stage of the cancer in the patient's body. Also, development of drugs to cure these cancers by pharmaceutical companies is also a major factor supporting the growth of Raman spectroscopy in global process spectroscopy market from 2017 to 2025.

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