Servo Motors and Drives Market Demand, Growth Opportunities and Top Key Players Analysis Report

Servo motors are high performance electric motors having characteristics such as controlling the movement of machines. In addition, servo motors offer easy installation and no maintenance cost. Increasing electricity prices and stringent electricity utilization standards are driving the demand for energy efficient motors globally. The market of servo drives and motors is expected to grow at a slower pace in North America and Europe region. The demand for servo drives and motors is expected to rise due to the replacement of out-dated low efficient electric motors with highly efficient servo drives and motors. In addition, the strict energy consumption regulations and environment protection acts as the key factors that are driving the servo drives and motors market globally.

The growth of servo drives and motors market is primarily attributed to positive economic outlook and growing manufacturing industries in India, China, South Korea, Indonesia, Japan and several other countries in Asia-Pacific region. The increasing demand for energy efficient motors causes the shift from standard energy efficient electric motors to premium energy efficiency motors. This shift in trend is directly contributing to revenue growth of servo drives and motors manufacturers.

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This market research study analyzes the servo drives and motors market on a global level, and provides estimates in terms of revenue (USD billion) from 2014 to 2020. The report identifies the drivers and restraints affecting the market and analyzes their impact over the forecast period. In addition, it identifies the significant opportunities for market growth in the coming years.

The report segments the market on the basis of geography as North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW), and these have been estimated in terms of revenue (USD billion). Moreover, the report segments the market based on types as servo drives and servo motors. The market has been further segmented based on different types of servo drives such as AC servo drives, DC servo drives and adjustable speed. Servo motors are further segmented into AC servo motors, DC brushless, brushed DC and linear servo motors.

Furthermore, the market is segmented on the basis of application which includes automotive, semiconductor and electronics, material handling, food processing, healthcare and others. Among all the application segments, automotive segment holds the largest market share at present in the servo drives and motors market. All these segments have also been estimated on the basis of geography in terms of revenue (USD billion).

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Asia Pacific represents the largest market for servo drives and motors. In 2014, Asia Pacific accounted for more than 40% revenue share in the global servo drives and motors market. The region is expected to be the fastest growing region due to significant growth in GDP of countries such as India, South Korea, China, Singapore, Taiwan and several others. In addition, positive growth prospects in GDP of these countries will help the region to remain market leader in servo drives and motors in coming few years.

For better understanding of servo drives and motors market, we have given a detailed analysis of the supply chain. In addition, a detailed Porter’s five forces analysis has been given for a better understanding of the intensity of the competition present in the market. Furthermore, the study comprises a market attractiveness analysis, where the applications are benchmarked based on their market scope, growth rate and general attractiveness.

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Smart Factory Market Size, Share, Development by 2027

Smart factories have gained huge traction in the past couple of years owing to the increasing adoption of intelligence technologies in various industries including energy, mining, manufacturing, and petrochemicals. Increasing use of high-tech tools and high-tech machinery portrays a beautiful combination of manufacturing and technological developments. Another significant factor driving growth in the global smart factory market is the industrial shift towards cyber world. In this, every component of value chain likely to be connected to ensure informed manufacturing with zero defects and no-time lags that will further augments demand in this market.  

The report provides major drivers and restraints that influence growth in the global smart factory. These insights will benefit key stakeholder to get a complete knowledge about the market and crucial pointers that might affect in the growth of this market. In addition, geographical analysis, vendor landscape, and segmentation are also thoroughly analyzed in the report. Various assessments and evaluation of the market dynamics are based on throw statistical analysis of large volume of relevant data.

Global Smart Factory Market: Notable Developments

General Electronic and Siemens are two eminent players in the global smart factory market. The former provides industrial automation solutions on different process and discrete industries and latter holds majority in the smart factory market. GE’s Intelligent Platform business division offers software and hardware technology platforms by mainly focusing on selling through solution providers. Siemens holds a competitive edge in petrochemical, oil and gas, and chemical industries. Some of the other companies are also making significant efforts in expanding smart factory market.

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• Schneider Electric collaborating with Temasek, collectively entered an agreement to buy Larsen & Toubro’s Electrical & Automation business. They will then collaborate it with its Low Voltage & Industrial Automation Products business situated in India. This agreement will help both the companies to strengthen their position in this region.

• IBM partnered with ABB for industrial artificial intelligence solutions. ­IBM Watson Internet of Things (IoT) and ABB Ability is a potent automation combination that will help in improving the production lines by recognizing critical faults over manufacturing process.

Several other players are also making significant efforts in expanding the global smart factory market by using different strategies and techniques. Some of the leading players include Schneider Electric, ABB, FANUC, Emerson Electric, General Electric, Yokogawa Electric, Honeywell International, Rockwell Automation, Mitsubishi Electric, Siemens, and Robert Bosch.

Global Smart Factory Market: Trends and Opportunities

Among the recent trends seen in the global smart factory market, includes development of Manufacturing Execution Systems (MES), data models for rapid usage, and factory-specific templates. Moreover, increasing industries of refurbished robots coupled with untapped fields such as industrial robots and RFID are projected to create lucrative growth opportunities in the global smart factory market.

Increasing R and D Activities by Institutions Led Dominance of Asia Pacific in Smart Factory Market

Geographically, Asia Pacific is expected to hold dominant share in the global smart factory market. Presence of dominant players such as Yokogawa, Mitsubishi Electric, Omron, and Fanuc led dominance of Asia Pacific in this market. In addition, increasing use of automotive technologies and technological innovations in various industrious industries also fueled growth in this market.

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Among the various developing economies in Asia Pacific, China has been using advanced industrial practices by implementing automation technologies in manufacturing sector. Information integration and intellectualization are the central focus of the government policies, which also contributed in the growth of the Asia Pacific smart factory market.  Moreover, various research institutions and organizations are working together to improve manufacturing processes in China. Japan is also playing a significant role in boosting growth in this market. Prominent three companies namely Honda, Suzuki, and Toyota are working towards creating smart factories by developing manufacturing sensors, robots, machine vision systems, and wireless technologies. These initiatives will also spur growth in this market.  

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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Solar Water Desalination Plant Market: Global Industry Analysis, Size, Share, Trends, Growth and Forecast 2020 – 2027

 

• A solar water desalination plant produces potable water from saline water through direct or indirect methods of desalination powered by sunlight
• The design of a direct (or a passive) plant unit, generically called a solar still, can be quite simple
• Solar water desalination plants are powered solely by solar energy. Hence, weather conditions and variable solar intensity led by shifting position of the sun throughout the day can negatively impact the efficiency of these plants.
• The heat that drives the desalination process can also be provided by large arrays of sunlight-concentrating mirrors. However, it is expensive to manufacture and install those mirrors.
• Factors such as technical simplicity, low maintenance requirements, and ease of operation are highly important for successful installation of distributed solar powered desalination plant systems.

Key Drivers of Global Solar Water Desalination Plant Market

• Solar light can be considered a new energy source for desalination of water, primarily in offshore applications. Rising concerns related to climate change, carbon emissions, rapid growth of human population, and contamination of water resources lead to requirement for more amount of fresh water for both commercial and domestic usage.
• Growing environment-related concerns and rising usage of clean energy substitutes are estimated to be key factors driving the global solar water desalination plant market during the forecast period

• Government policies and initiatives favoring the installation of solar water desalination plant units are projected to provide immense opportunities to the global solar water desalination plant market during the forecast period

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Restraints of Global Solar Water Desalination Plant Market

• A large amount of concentrated brine is discharged from saline water desalination plants. This brine is not only salt concentrated, but it also contains chemicals such as anti-scaling agents from pre- and post-treatment. This results in high salt concentration in the area near the brine discharge point. Thus, brine disposal is an issue that challenges all desalination technologies.
• Efficiency of solar water desalination plant systems is purely governed by preferably high rates of heat and mass transfer during evaporation and condensation. Thus, surfaces need to be properly designed within planned objectives in terms of heat transfer efficiency, economy, and reliability.
• Also, Condensation heat is valuable, as a large amount of solar energy is required to evaporate water and generate saturated, vapor-laden hot air. This amount of solar energy gets transferred to the condenser's surface during condensation. However, in most forms of solar stills, this heat of condensation is expelled from the system as waste heat.
• Solar-powered desalination plant installation is highly energy intensive and costly, which makes it economically unfeasible for large- and small-scale installations

Major Developments

• In October 2019, REvivED Water consortium and Trunz, in their pilot plant, conducted tests by using the combination of electro dialysis (ED), reverse electro dialysis (RED), and reverse osmosis (RO) for improving the efficiency of solar seawater desalination
• In July 2019, researchers from Rice University in the U.S. used 'inexpensive plastic lenses' to concentrate sunlight and create 'hot spots' on solar-powered desalination systems
• In April 2019, Niti Aayog announced that India’s first solar-powered desalination plant would be set up in the state of Tamil Nadu, India. Under this project, India has planned to build desalination plants along the 7800-kilometer coastline of Tamil Nadu.
• In November 2018, a symbolic foundation stone for the 5,200-m3/d desalination facility, which would located on the Red Sea coast at Yanbu, Saudi Arabia, was laid by King Salman during his visit to King Abdul-Aziz City for Science and Technology (KACST) in Riyadh, Saudi Arabia. Under this project, Saudi Arabia has planned to build a solar-powered desalination plant by using the adsorption technology.

Middle East & Africa to Hold a Major Share of Global Solar Water Desalination Plant Market

• Based on region, the global solar water desalination plant market can be classified into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa
• Middle East & Africa is likely to dominate the global market during the forecast period. High investments, especially in North Africa, as well as technological advancements are driving the market in the region.
• Moreover, favorable government initiatives in GCC and Africa have prompted leading global players to invest in these sub-regions
• The market in the Middle East is likely to witness significant growth between 2019 and 2027, as more number of oil- and gas-based economies have turned toward the desalination sector
• Leading players in Abu Dhabi, Saudi Arabia are also interested in using solar power as an alternative to carry out reverse-osmosis desalination, which uses electricity to pump saline water through membrane filters

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Key Players Operating in Global Market

Some of the key players operating in the global solar water desalination plant market are:

• Photon Energy Systems Limited
• Solar Water Solutions Ltd
• Tesla
• Sterlitech Corporation
• Sinovoltaics Group
• Trunz Water Systems AG
• AMP
• Elemental Water Makers B.V.
• F CUBED LIMITED
• Photon Energy Systems Ltd.

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Vape Cartridge Market Insights 2020: Business Analysis By 2030 With Leading Players

Regarded as one of the most suitable replacement of cigarettes and other nicotine-induced substances, vapes are a popular choice among a considerable populace around the world. The vaping trend has generated great buzz and is stated to continue the same between 2020 and 2030. These aspects will certainly invite expansive growth for the global vape cartridge market across the forecast period of 2020-2030.

The millennial generation acquires a large share in terms of revenue generation for the vape cartridge market. These cartridges are available in plastic and glass material. Vape cartridges contain additives, distillates, CO2, and oil.

This report on the vape cartridge market provides information to the stakeholder through the R.O.C.K (Regional Prospects. Overview. Competitive Dimensions. Key Trends) mechanism. This mechanism covers all the major prospects that are growth-worthy for the vape cartridge market and helps the stakeholder to gain rock-solid insights.

The information included in this report has been designed after a scrutinized analysis on a variety of factors by an expert team of researchers. The report also offers insights into the COVID-19 impact on the vape cartridge market and the prominent threats that the vape cartridge market may face between 2020 and 2030.

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Vape Cartridge Market: Competitive Scenario

Over the years, vape cartridges have evolved greatly. A plethora of developments have been observed in regard to the production of vape cartridge. This aspect has brought great growth prospects for the vape cartridge market.  The players in the vape cartridge market always strive hard to be in tandem with the choice and features that attract a large consumer base through research and development activities.

Manufacturers in the vape cartridge market are focusing on developing glass vape cartridges as they are gaining substantial traction from the consumer base. The properties of glass such as no melting due to heating and maintenance of liquid viscosity are serving as prominent growth attractors for the vape cartridge market. Advertising campaigns and social media promotions are also helping the vape cartridge market to gain extra stars of growth.

The players are also introducing vape cartridges without any synthetic additives because of the preference for an additive-free vape experience. Some well-established players in the vape cartridge market are Evolab Chroma, Select Oil, Level Elevate, The Bloom Brand, Avitas Natural, Absolute Extracts, River Organics, Dutchy Oil, and Orchid Essentials.

Vape Cartridge Market: Growth Dampeners

The increasing penetration of fake cartridges in the market is serving as a major growth dampener for the vape cartridge market. These fake cartridges are sold as original ones. They contain hazardous substances that can be fatal. However, regulatory authorities are trying to control the menace by various measures and this may bring some opportunities for growth revival.

The FDA recently tightened the grip on selling vaping products. Every seller has to send a premarket tobacco product application (PMTA) and new tobacco products have to show a health benefit when compared to cigarettes. This aspect may further attract loss.

Vape Cartridge Market: Recent Developments

Some major developments in the vape cartridge market are as follows:

• Blackbird, a cannabis software company recently partnered with Commonwealth Alternative Care and launched an online marketplace for delivering vape cartridges and other products
• Heritage Cannabis launched three new CBD vape cartridges
• Sublime, a cannabis manufacturing company recently launched Live Resin Vape Cartridges

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Vape Cartridge Market: Regional Analysis

Developed regions like North America and Europe may gain robust growth for the vape cartridge market. The trend of vaping is gaining expansive traction and is expected to continue over the forecast period. Asia Pacific may serve as the fastest-growing region due to the escalating preference for vape cartridges over other nicotine products in countries like China and Philippines.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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Outbound Tourism Market Latest Trends, Demands, Overview and Analysis by 2030

The GCC outbound tourism market is poised to expand at a stellar pace in the years to follow. The tourism industry across the gulf countries has been growing at an exponential rate over the past decade. The liberalisation of policies across these countries, especially in the context of cross-country trade and commerce, has been a crucial driver of market demand. Several of the GCC nations are at important junctures of their journey to fruition, and the tourism industry would play an important role in meeting the prime goals of these nations. Outbound tourism has been a source of intellectual as well as economic growth for the GCC. On account of the factors mentioned above, it is safe to expect the GCC outbound tourism market would attract formidable investments in the times to follow.

In this syndicate review, Transparency Market Research (TMR) sheds light on several factors pertaining to the growth of the GCC outbound tourism market. It is imperative for the vendors operating in GCC outbound tourism market to leverage on opening of borders to new regions. The aviation industry has also played a crucial role in driving sales across the GCC outbound tourism market.

GCC Outbound Tourism Market: Notable Developments

• As airports across the GCC reopen with relaxations in lockdowns, the GCC outbound tourism industry could recover from its perils. The outbreak of the coronavirus had brought travel and tourism to a standstill. However, the tourism industry is projected to come back stronger over the next quarters of the year. The companies providing key services for outbound tourism can leverage the reopening of airports to their advantage. These companies can improve their functional standards to keep abreast of the changing times.

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• Outbound tourism for business is expected to gather momentum in the years to follow. Most people are expected to refrain from travelling to foreign countries for leisure and entertainment. Henceforth, the vendors operating in the GCC outbound tourism market are expected to focus on attracting business travellers. These companies are resorting to online marketing and outreach campaigns to clock in a decent chunk of the market share. Several new policies governing tourism and travel in the GCC have emerged in these times.

GCC Outbound Tourism Market: Growth Drivers

• Business Opportunities Outside the GCC

The ties of the GCC with other nations have improved in recent times, opening doors to several other nations. Arabs have become more inclined toward looking for business prospects in new regions that are outside of their immediate nations or territories. Furthermore, governments across several GCC territories such as the UAE, Saudi Arabia, and Qatar encourage their nationals to undertake business and commerce tours to other regions. The presence of a seamless tourism sector in these countries has aided the growth of the outbound tourism market. The GCC has witnessed several changes to the trade and commerce fabric, creating new opportunities for travel and tourism.

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• Educational Travel and Trips

The education sectors of most GCC countries are still in the phase of maturing, and there are limited opportunities for budding scholars. Governments across the GCC provide several scholarships to students and research scholars willing to go on educational trips and expeditions to western countries. This factor is projected to fetch humongous revenues within the GCC outbound tourism market. Several GCC nations have amended their tourism and travel guidelines and policies to encourage and assist more people in travelling the world. It is evident that the GCC outbound tourism market would expand at a stellar pace in the years to follow.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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Pest Control Services Market Key Trends, Growth, Share, Size, Analysis and Forecast to 2030

The pest control services market is set to record impressive growth over the 2020 – 2030 forecast period. Factors such as advent of new technologies, and higher focus on consumer engagement is fueling the pest control services market. Akin to other consumer goods and services market, pest control service providers have adopted a consumer-centric approach. Focus on improving precision and effectiveness of services, which includes scheduling appointment to design a more pertinent service, customization of service using modern technologies is expanding the horizon of pest control services market.

Meanwhile, in terms of product innovation, bio-based pest control products are gaining steam in the pest control services market. Shifting focus from chemical-based products to align with environment conservation goals to create new growth models in the pest control services market.

The report on the pest control services market provides valuable insights on demand drivers, growth indices, and regional outlook of the said market over the 2020- 2030 forecast period.

Pest Control Services Market: Competitive Landscape

The pest control services market is fragmented with presence of a large number of players, and is intensely competitive. Large players vie to integrate novel technologies to render effective products and services. Such advancements are aimed to serve the high demand for pest control services in commercial zones and large corporations that need to maintain clean environments.

Some prominent companies operating in the pest control services market are Terminix, Flynn Pest Control, Orkin Pest Control, Rentokill, Pest USA, Call A Pro Pest Control, Local Pest Control Pro, Green Pest Solutions, Massey Services Inc., Southern Pest Control, Bulwark Exterminating, Primax Pest Control Services, Great Lakes Pest Control, ABC Home & Commercial Services, Gecko Pest Control, Hpests, Ehrlich Pest Control, Accurate Pest Control, Crystal Pest Control LLC, Green Earth Pest Control, BHB Pest Elimination, City Skyline Pest Control, Organic Pest Control NYC, AKA Pest Control, City Express Exterminating, and Essential Pest Control.

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Pest Control Services Market: Key Trends

Initiatives for restoration of old buildings, both commercial and residential in several parts of the world is fueling the pest control services market. Pests often account for significant problems during restoration of old buildings. Pests mostly breed in corners, crevices of walls of buildings that do not have light. Dark, damp places under wash basins, shower drains are other places in old buildings where pests breed. High real estate value of old buildings in prime localities has led to monumental initiatives of restoration and refurbishment of these buildings. This calls for vast growth opportunities for pest control services market.

Besides this, use of novel technologies is expanding scope of growth of pest control services market. An increasing number of pest control services are now using route optimization software. Using the software, pest control service providers can optimize time available to line up more clients for service and increase their revenue.

For example, PestPac RouteOp designed by WorkWave LLC with a sophisticated routing technology offers greater visibility and control over how professionals manage their day. Another software - PestPac Visual Route Manager helps managers to map one time or recurring orders and re-route multiple projects for planning and territory management.

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Pest Control Services Market: Regional Outlook

North America holds dominance in the pest control services market. Easy availability of pest control and extermination services and high awareness regarding health implications of pests are key factors behind growth of pest control services market in the region. Also, health and sanitation department mandates routine pest control of commercial and residential buildings to maintain safe, clean environments.

The pest control services market is witnessing huge opportunities in Asia Pacific over the past decade. Rising economic prosperity and increasing awareness about pest control to maintain clean, safe indoor environments is fuelling the pest control services market in the region. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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Pet Water Fountain Market Growth, Opportunity, Future Trends and Forecast by 2028

Pet water fountain has emerged as a popular pet product and gained traction among pet lovers of all regions. The main impetus for the popularity is perhaps the strides e-commerce sales have made around the world. Manufacturers usually use plastics and steel. However, recently the demand for ceramics has gathered heat in emerging and established pet markets.

Consumer cohorts have appreciated the affordability and accessibility of pet water fountain market products in well-known global e-commerce channels. Pet sentiment marketing strategies have also helped fueled the evolution of the per water fountain market.

The market intelligence study on the pet water fountain market offers a scrutiny of the current opportunities in various product segments in developing and developed economies, and takes a closer look at the changing consumer preferences. Furthermore, it offers insights into the attractiveness of the overall market by providing a detailed investment matrix in recent years.

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Pet Water Fountain Market: Competitive Analysis and Key Developments

Numerous players in the pet water fountain market are exhibiting their strengths in massive annual trade shows such as the Global Pet Expo. A case in point is Pioneer Pet which specializes in cat food and accessories.

Some innovative pet product solution providers are keen on broadening their product portfolio, by offering pet owners more options in ensuring pet hydration. An example of such a product is by PetSafe. Top players are focusing on unveiling pet parents easy-to-use and easy-to-clean products to attract consumers in the pet water fountain market. More such players will hit the pet water fountain market to offer innovative hydration equipment and accessories to pet owners, thereby, expanding the scope for competition. Top industry players are also focusing on consolidating their footprints in lifestyle solutions for pets. They are also expected to adopt a differentiating pricing strategy, and will be focusing to expand their foothold in developing economies by partnering with indigenous distributors. A case in point is strategies adopted by Doskocil Manufacturing and Dogness.

Pet Water Fountain Market: Key Trends

The increasingly hectic lifestyle of pet owners has created a significant pressure to take out time for their pets. Ensuring adequate availability of pure drinking water is key to the hydration of pets. This has fueled the market proposition for pet water fountains. The pet water fountain market has witnessed a robust growth momentum on the back of the rising penetration of e-commerce channels in pet products.

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A number of pet water fountain products have thronged e-commerce channel such as Amazon. The market has also seen a rapid rise in demand for pet water fountains that are high on aesthetics and combine better functionality. In emerging markets, the growth impetus has come from the demand for low-cost products gathering steam. An uptick in household spending of pets has fueled demand in the pet water fountain market. Intensifying pet sentiment marketing has also boosted the revenue potential in the market. Growing attraction of millennial toward pet has also helped reinforce growth.

Pet Water Fountain Market: Regional Analysis

Among the various key regions in the pet water fountain market, the demand has thrived considerably in Europe and North America. In recent years, ASEAN countries have been attracting pet owners toward products that offer convenience to them in pet care. Asia Pacific is a region with vast latent opportunities for players in the global pet water fountain market. China has been contributing large share in the production of pet water fountains. East Asia is expected to rise at rapid pace during the assessment period.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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