Marine Alternate Propulsion Market by Key Findings, Covid-19 Impact Analysis, Progression Status, Revenue Expectation to 2027

 

• The marine alternate propulsion system is a type of marine vessel engine that is propelled by energy sources other than gasoline and diesel. Conventional energy sources, such as gasoline, diesel, and coal, are finite and are expected to exhaust in the near future. On the other hand, nonconventional energy sources, such as solar, wind, and tidal energy, are available abundantly and can be utilized repeatedly.

• All conventional energy sources are chemical compositions of various hydrocarbons and produce pollutant particulate, such as COX, NOX, on combustion, which is harmful for the environment. Therefore, efforts are being taken, globally, to reduce air pollution and improve air quality, which in turn drives the demand for systems or engines that utilize nonconventional energy sources, or engine technology that help reduce emissions. Consequently, this is driving the need for research and development of marine alternate propulsion systems.

Key drivers of global marine alternate propulsion market

• Diesel marine propulsions systems are extensively used, as compared other type of marine propulsion systems. This system is primarily adopted in various marine vessels such as small boats, motor boats, and defense marine vessels. Diesel marine propulsion systems generate high levels of carbon emissions. Various government rules and regulations restrict the usage of these type of systems. For instance, MARPOL Annex VI, which has been a compulsory regulation since 2016. MARPOL Annex VI defines various engine and vessel requirements related to air pollution.
• Nuclear marine propulsion systems are mostly adopted in defense marine vessels. These systems not only propel the ship but also generate electricity for it. The use of nuclear marine propulsion system is restricted to only naval ships owing to national security concerns of the country.

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• Nonconventional energy consuming marine propulsion systems, such as wind propulsion and solar propulsion systems, are significantly ecofriendly and cause less carbon emissions. For instance, solar propulsion systems are capable of generating electricity with higher capacitance up to 40 kilowatts (kW), which is utilized for propulsion and does not cause carbon emissions.
• Hydrogen fuel cell marine propulsion system is a highly efficient marine propulsion system in terms of carbon emission. The fuel cell in this system converts chemical energy stored in the cell into electricity through a reaction with atmospheric oxygen. This type of cell does not require charging and can work continuously as long as it is supplied with compatible fuel such as LNG, methanol, or biogas.
• Less carbon emitting technologies are preferred by air pollution regulatory authorities since they comply with rules and regulations. These factors are driving the market for marine alternate propulsion system.

Diesel marine propulsion segment dominates marine alternate propulsion market

• Diesel powered engines generate higher torque and consequently propel the ship at a rapid pace. They also enable ships to carry large cargos over longer distances. New technologies are being developed that would enable diesel marine propulsion systems to reduce carbon emissions. For instance, a turbocharger enables a diesel engine to generate equal amount of power that is generated by a larger engine. The use of turbocharger reduces the size and overall weight of the diesel engine. This is driving the adoption of turbochargers, thereby propelling the diesel marine propulsion segment of the market.
• Solar powered marine vessels use clean energy source that does not emit any carbon emission, while solar energy is available abundantly. This is also attracting investors to invest in further research and development of solar propulsion systems. This, in turn, drives the segment.

Need for large capital investment hampers marine alternate propulsion market

• Marine propulsion by nonconventional energy sources causes less carbon emissions; however, the cost of these technologies is considerably high. Furthermore, extensive research and development requires large capital investment.

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• The heavy machinery required for ship building and transportation costs of material required for shipbuilding are also higher. The larger the size of the ship, the more time required to build it. All these factors are hampering the marine alternate propulsion market.

Asia Pacific to dominate global marine alternate propulsion market

• Asia Pacific region dominates the global market for marine alternate propulsion owing to expansion of shipbuilding industries and increase in foreign direct investments that propel research and development in countries, such as China and South Korea, in the region.
• Sea voyage for transporting crude oil from countries in the Middle East to those across Asia Pacific and rest of the world, owing to cheaper transport cost and large cargo carrying capacities, drives the marine alternate propulsion market.

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Milking Machine Market Trend, Growth, Analysis, CAGR Status, and Forecast To 2026

Milking machines are mechanical suction apparatus for milking of dairy livestock without any human intervention. It is an assembly of a pulsation system, vacuum tubes, clusters of teat cups, rigid milk line, and a number of other components. These are regulated through a computer system that enhances smooth operation of milking through dairy cattle. A milking machine is design for rapid and efficient removal of milk without any physical harm to the teat.

This machine also prevent the risk of transmitting pathogenic microorganisms that cause infection such as mastitis. Milking machines help reduce stress around the lactation by creating a good milking routine. These also enhance the quality and yield of the milk and reduces the dependency on skilled farm workers for the manual milking process. Growing requirement for milk across the globe for human consumption and dairy processing is expected to boost the demand for milking machines in the next few years.

Major drivers of the global milking machine market include rise in acceptance of milking machine, high investment in dairy farming, promotion for the usage of milking machines by regulatory bodies, and growth in dairy cattle population across the globe. Additionally, rapid growth in co-operative dairy business in rural areas and rise in awareness about these machines across the globe are expected to propel the market during the forecast period.

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However, high initial investment and regular cost required for the maintenance of the machinery are major restraints of the global milking machine market. Development of new and innovative products, targeting new dairy business, and penetration of products through e-commerce business are expected to create significant opportunities for the market.

The global milking machine market can be segmented based on type, system, livestock, end-user, distribution channel, and region. In terms of type, the milking machine market can be bifurcated into fully automatic milking machine and semi-automatic milking machine. Based on system, the milking machine market can be segregated into portable milking machines, barn milking systems, and milking parlors. In terms of livestock, the milking machine market can be divided into cow, buffalo, sheep, goat, and others. Based on end-user, the market can be categorized into micro dairy farms, macro dairy farms, and others. In terms of distribution channel, the global milking machine market can be classified into online and offline. The offline segment can be sub-segmented into agro retailers, livestock care centers, direct sales, and others.

Based on region, the global milking machine market can be split into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Demand for milking machine is increasing in North America owing to the increase in adoption of advance automated technology. Rise in penetration of innovative and advanced automation technologies in Europe is propelling the demand for milking machines in the dairy farming industry in the region.

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Rapid growth in dairy processing sectors and regional regulatory bodies emphasizing for advanced livestock infrastructure are expected to drive the market in Asia Pacific. Furthermore, end-users are opting for milking machines to avoid labor cost. Rapid adoption of advanced technology in the livestock industry in Middle East & Africa is expected to fuel sales across the region in the next few years. High investment in the dairy sector by multinational food processing industries and penetration of new players in the market are expected to drive the milking machine market in South America.

Major players operating in the global milking machine market include Agrifac Machinery BV, Kanters Holland BV, Lely Holding S.a.r.l., Fullwood Ltd, Afimilk Ltd., DeLaval Inc., BouMatic Robotics B.V., DeLaval Inc., Bob-White Systems, Inc., MILKPLAN S.A., AMS GALAXY USA, GEA Group, S. A. Christensen & Co, and pjur group Luxembourg S.A.

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Oil and Gas Valves Market Overview, Geographical Segmentation, Industry Size & Share, complete Analysis to 2030

An oil and gas valve is a controlling device that regulates the flow of fluids in oil processing and extraction machinery. These valves are utilized to maintain optimal conditions in varied operations and are therefore quite critical to the industry.

The oil and gas valves market is likely to experience significant growth in the upcoming years (2020 to 2030), owing to expansion in the power generation sector, rapid industrialization, and substantial development in mechanical engineering - procedures to extract energy sources like oil and natural gas.

It is important to note here that the rising energy demand seen globally will ensure that an increasing number of oil and gas projects are witnessed in the proverbial pipeline, which will drive the market in the years to come, opines Transparency Market Research.

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Global Oil and Gas Valves Market: Notable Developments

Growth measures taken by players operating in the global oil and gas valves market are many and varied. And, these are leading to a number of notable developments in the market. A glimpse can be had below:

November 2018: BHGE inaugurated a new steam test facility in Naples, Italy. This was done to improve scope and output – production. It is pertinent to note here that the plant produces full range of consolidated safety valves and masoneilan control valves.

The global oil and gas valves market is fragmented and extremely competitive. Players are highly focused on increasing and improving their market share over the forecast period. Few global players in the oil and gas valves market are-

• Schlumberger
• CIRCOR International
• Parker Hannifin
• Metso Corporation
• Emerson Electric
• Watts Water Technologies
• BHGE
• National Oilwell Varco
• The Weir Group
• HYDAC
• IMI
• Armstrong

Global Oil and Gas Valves Market: Key Trends and Drivers

A number of growth factors are lining the landscape of global oil and valves market. Some of these trends and drivers, as identified by Transparency Market Research, are:

• Newly discovered oil fields in Latin America, Africa, and the Mediterranean region are attracting exploration and extraction activities. This will lead to higher demand for these valves over the forecast period. In turn, it will drive the market on an upward growth trajectory.
• Demand for oil and gas is growing rapidly owing to increase in population – 2 billion new people will mark the planet by 2050. This will lead to increased demand for power and energy for various purposes. Additionally, rapid industrialization is set to push demand for oil and gas on an upward growth curve over the forecast period.

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Global Oil and Gas Valves Market: Regional Analysis

In 2018, the North American region was the largest oil and gas valves market globally owing to increased demand in the United States oil extraction fields and adoption of automated valve operations across various end-user industries in the region. The oil industry extracted a record high 4.46 billion barrels of crude oil in the United States in 2019, which was more than double the production ten years earlier, in 2009. Over the forecast period, the trend of dominance is set to continue.

The Asia Pacific oil and gas valves market is anticipated to be the fastest-growing region over the next few years owing to increasing exploration activities. Also, it is pertinent to note here that Middle East & Africa are the prominent regions in the Oil & Gas Valves market due to the recently discovered oil & gas wells in the region. 

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Disposable E-cigarettes Market Sales Revenue, Future Trends, Competitive Landscape and Forecast 2027

 

• Disposable e-cigarette is a ready-to-vape product, designed in such a way that it is thrown away after the e-liquid has run dry.

Key Drivers of the Global Disposable E-cigarettes Market

• Rising traction of using disposable e-cigarettes among millennial population in North America and Europe is expected to boost the market growth.
• Disposable e-cigarettes are assumed to be a safe alternative to rechargeable e-cigarettes; this is likely to work as a positive factor for the market. Furthermore, increasing acceptance of different vaping devices among young adults and adolescents is set to drive market growth.
• Consumers shifting preference toward electronic cigarettes to control daily nicotine dosage is working as a favorable factor for the disposable e-cigarettes market. Companies offer different flavors to increase their customer reach.
• Demand for non-tobacco products is expected to boost the global e-cigarettes market. It has been observed that older people prefer this product as it does not have any negative effect on health.

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Growth Opportunity from Developing Countries

• Demand for e-cigarettes is expected to grow at a higher pace in developing countries. Large distribution channels of key tobacco players is projected to help increase their market reach in developing countries.

Strict Government Regulations to Work as a Market Restraint

• In the Asia Pacific region, governments of different countries are changing the regulations pertaining to vaping products. For instance, India, Brazil, Uruguay, and Singapore have banned e-cigarette products to decrease tobacco consumption among people. Moreover, lack of technological awareness among consumers is also likely to decrease product sales in different countries.

North America to Hold Major Share of the Global Disposable E-cigarettes Market

• North America accounted for largest share in the global disposable e-cigarettes market. Major players including R.J. Reynolds Vapor Company and Philip Morris International Inc. are operate in this market. Moreover, rising adoption of the product among millennial and generation X is expected to boost the market growth. The trend of vaping is increasing simultaneously in both the U.S. and Canada.
• The market in Europe is expected to expand at a higher pace. Adoption rate of disposable e-cigarettes is significantly high in the U.K., France, and Germany. Demand for fruit flavored e-cigarettes is also significantly gaining popularity in this region.

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Key Players Operating in the Global Market

The global disposable e-cigarettes market is highly competitive with the presence of numerous small and large players. Companies adopt several strategies including product innovation & development, geographical expansion, and merger and acquisition to increase their market revenue. China based company, Ruishi Technology launched a type of disposable e-cigarette brand namely “RUi.” Under this brand, the company sells chewing gum electronic cigarettes. The product is made with low nicotine content from 4.9% to 0.

A few of the key players operating in the global disposable e-cigarettes market are listed below:

• British American Tobacco
• Global Tobacco, LLC
• Imperial Brands
• Japan Tobacco Inc.
• Mistic E Cigs
• NJOY
• PHILIP MORRIS PRODUCTS S.A.

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Earphone and Headphone Market 2020 Design Competition Strategies, Regional Trends and Opportunity Assessment by 2027

The period from 2019 to 2027 will witness stellar compound annual growth rate of global earphone and headphone market. This will not only translate into a higher market worth but also into a number of gainful growth opportunities. Players are expected to clamor in order to tap into these. Besides, it is quite significant to note here that varied strategies are being deployed by market players to achieve this goal. Additionally, interplay of numerous trends and drivers are playing a positive role in keeping the global earphone and headphone market. Top ones are technological advancement, focus on better design, and increase in disposable income. More people in the world are now fitness oriented and that demands devices which van work in rainy and dusty environmental conditions.

Global Earphone and Headphone Market: Competitive Landscape

Fragmented vendor landscape of global earphone and headphone market is undergoing significant changes owing to some very proactive measures taken by players in order to lay claim to a larger share of the market. These include merging with players, with whom similar interests lie, entering into partnerships based on mutual synergies, and acquiring smaller promising players in new regions. These measures also help in ensuring growth in the global earphone and headphone market overall.

The global earphone and headphone market has a number of prominent players operating in its landscape. Some of the top names include the following:

• Apple Inc.
• Bose Corporation
• Harman International Industries, Incorporated
• Sony Corporation
• Sennheiser Electronics GmbH & Co. KG
• GN Store Nord A/S
• Skullcandy

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Global Earphone and Headphone Market:  Key Trends and Drivers

Transparency Market Research has identified a host of growth factors, keeping the global earphones and headphone market buoyant. It has detailed these out in a comprehensive manner. These are basically a string of trends and drivers that are impacting the market landscape positively. Prominent ones are provided below:

• Protection from environmental factors such as dust and rain is required in certain industries. Besides, where noise pollution is high, cancellation devices are required. This is driving up demand for earphones and headphones. These are also used in high-end products where background noise is cancelled. Technology such as near field communication is a major booster of growth here.
• Increase in disposable income is creating demand for better and technologically advanced products in the market. And, that is leading players to focus on innovation and ergonomic designing. This, in turn, is leading to higher growth in the market, propelling it on a higher and steadier growth trajectory over the forecast period.

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Global Earphone and Headphone Market:  Regional Analysis

Over the last few years, the Asia Pacific (APAC) region has held a sizeable share of the market and the trend is set to continue into the stated forecast period. The growing penetration of smart phones is a major factor leading to growth in demand. Internet is also making in-roads into some of the very difficult to access regions of the world. Besides, an increase in disposable incomes is also marking the market landscape, allowing people to opt for better earphones and headphones. India is one of the most lucrative markets in the region owing to robust economic growth. It is also quite pertinent to note here that North America is set to be another lucrative market over the forecast period.

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Electric Motors Market 2020: Development Strategy, Key Players Analysis, Future Trends and Outlook 2027

An electric motor is a motorized device that is utilized in the conversion of electricity into mechanical energy. It is just opposite to the functions of an electric generator. An electric motor operates on the principles of electromagnetism. These principles exhibit that during the presence of electric current in a magnetic field, force is applied.

Motors are utilized in an expansive range of diverse applications, such as hybrid cars, electric vehicles, appliances, power tools, and fans. Motors come with various working parts so as to keep on rotating and providing power continuously. Motors are capable of running off of either alternating current (AC) or direct current (DC). However, both the systems come with their share of drawbacks and benefits. Various factors such as acceleration, speed, angular movements, control, and torque requirements make AC motors a suitable choice for the manufacturers of robotic systems. Benefits and diverse applicability of the product is likely to support growth of the global electric motors market over the tenure of assessment, from 2019 to2027.

Type, application, speed, voltage range, and region are the four key parameters based on which the global electric motors market has been divided. The objective of such segmentation is to make an offering of a clearer, 360-degree view of the global electric motors market.

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Global Electric Motors Market: Notable Developments

One of the developments that provide a quick view into the market dynamics of the global electric motors market is mentioned below:

• In June 2017,  US-based leading manufacturer of electric motors, Arc Systems Inc. came up with a high-value invention - the squirrel cage induction electric motor with class-H insulation materials. This motor is able to sustain extremely high temperature. With this invention, Arc Systems Inc. is expected to widen its reach in the global market.

Some of the important players in the global electric motors market comprise the below-mentioned:

• Baldor Electric Company, Inc.
• Arc Systems Inc.
• Franklin Electric Co., Inc.
• ARC Systems Incorporation
• Siemens AG
• Rockwell Automation Incorporation

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Global Electric Motors Market: Key Trends

The following drivers, restraints, and opportunities characterize global electric motors market over the assessment period, from 2019 to 2027.

Changing Consumer Preferences likely to Shape Contours of the Market 

The global electric motors market is estimated to be driven by rapid advancements made in the field of electric motor technology. Such developments have been playing a vital role in the growth and development of the market. An electric motor is an indispensible part of heating, ventilation, and cooling (HVAC) equipment. These motors also find abundant use in a wide range of devices across many industry verticals, be it motor vehicles or heavy or light industrial machinery or home appliances. Electric motors are vital for functioning of this equipment. In addition, better operational efficiency together with improved insulation has considerably enhanced the functionalities and safety of motors. This has led to escalated demand for electric motors in many of the industries.

Increased prices of fuel all over the world are compelling people to make a shift toward non-conventional alternatives of fuel. Electric vehicles are made with an aim of diminishing the cost of operation and reducing carbon footprint in the environment. A rise in the manufacturing of electric vehicles is likely to make a positive impact on the global electric motors market. Electric motors are utilized in a wide range of applications, from comforting components to performance components of the electric vehicle.

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Eyewear Market Analysis, Emerging Trends, Opportunity Assessment and Forecast 2027

As per the recent TMR report, the global eyewear market was valued at US$ 155,652.3 Mn in 2018 and is forecasted to expand at a CAGR of 8.30 % from 2019 to 2027.It is estimated to reach a value of US$ 319,015.5 Mn by 2027.

In terms of geography, the global eyewear market is segmented into five major regions namely North America, Asia Pacific, Europe, South America and the Middle East and Africa. North America currently holds the lead in the global eyewear market. In the near future as well the regional market is anticipated to rise at steady pace. This due to rising disposable income of people in the region. On the basis of segments online segment to report a higher CAGR during the course of the forecast period.  

Change In Fashion Trends To Boost The Growth of Global Eyewear Market 

Ongoing fashion trends of wearing designer eyewear has emerged as one unconventional drivers of the global eyewear market. The trend is mainly because of the changing lifestyle of the consumers owing to the rising disposable income of the consumers. The growing inclination of the consumers of towards branded eyewear products will pave way for the market to capitalize on lucrative prospect.  Siting the trend, the key players of the global market trying to lure the customer with designer and cost effective product launches. While, majority of the companies adopting product branding approach to seek customer attention. 

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Increased Trend In Usage Of Contact Lenses And Sunglasses Will Create New Market Avenue

Contact lenses and sunglasses are the most comfortable daily wear which is expected to trend upward. Easy availability of the contact lenses at reasonable price is accelerating the market growth across the global level.

Increasing Investment By Eyewear Manufacturing Process Will Lead To Technical Advancements And Transition

Owing to the strong presence of multiple prominent eye wear players such as Magrabi, Signature, Fielmann, Luxottica, Safilo. Zeiss International and Essilor International, the degree of competition in the global eyewear market is high. All the players are continuously investing in current market to enhance their market presence. Luxottica and Essilor International agreed upon the investment of US$ 49 Bn merger to build a global eyewear powerhouse with annual revenue of more than US$ 16.5 bn to collaborate on eyewear business with Marcolin.

High level of fragmentation on account of presence of plethora of companies is expected to shape the competitive contours of the global eyewear market, finds Transparency Market Research (TMR). Some of the predominant players present in the global eyewear marker are Bausch & Lomb Inc., Essilor International, Luxottica Group S.p.A., Zeiss International, Marchon Eyewear and Johnson & Johnson Vision Care. Major players in the market are focusing on product innovation and acquisitions along with partnerships to expand their business.  

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The study presented here is based on a report by Transparency Market Research (TMR) titled “Eyewear Market (Product Type - Spectacles (Spectacle Lenses and Spectacle Frames), Contact Lenses (Soft Contact Lenses and Rigid Contact Lenses), and Sunglasses (Polarized Sunglasses and Non-Polarized Sunglasses); Distribution Channel - Online Channel and Offline Channel) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027” 

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