High Visibility Clothing Market: Consumption, Sales, Production, and Other Forecasts 2020-2030

Transparency Market Research delivers key insights on the global high visibility clothing market. In terms of revenue, the global high visibility clothing market is estimated to expand at a CAGR of 6% during the forecast period of 2020 to 2030, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global high visibility clothing market report.

In the report, TMR predicts that the global high visibility clothing market would be largely driven by rising awareness about worker safety in the construction industry, which is expected to continue to boost the market during the forecast period.

Safety and health issues are being increasingly given preference across all industries due to enforcement of various laws in different regions. These laws include OSHA (Occupation Safety & Health Administration) in the U.S., and CCHS in Canada.

Awareness among workers about their rights and safety measures have led to extensive adoption of personnel protective gear. High visibility clothing has been a major part of such gear and is being increasingly adopted among workers working in dangerous and dark surroundings such as mining.

According to a survey conducted in the U.S. for views of industrial workers on safety clothing, more than 70% of participants preferred comfort over style. Consequently, mainstream players are focused on the development of lightweight materials with enhanced comfort in their clothing line-up. Textile manufacturers are entering the high visibility clothing market by understanding its global demand.

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Local clothing manufacturers have also forayed into the manufacturing of high visibility clothing, which are cost-effective, as compared to products offered by mainstream players, thereby hampering the market for major key players. Manufacturers have developed online portals due to order of such clothing in bulk, to avoid the intermediates between them and customers, through which an industrial organization can order the product in bulk.

High visibility clothing provides visual alertness to the other person heading toward the wearer. Many small firms are ignorant about such protective equipment. Moreover, wearing only the upper vest serves the purpose in most cases and hence, this reduces the chance for the expansion of other product types in the market. Limited application of high visibility clothing hinders the market.

Mines, oil extraction plants, and construction sites are major places that stringently follow the regulation for high visibility clothing.

In terms of product type, the demand for safety vests and jackets is significantly high in the market. Stringent regulations have significantly propelled the market for high visibility clothing. Jackets and t-shirt segment is estimated to be the most prominent segment of the market, owing to their rising demand for usage in other activities such as cyclotron, and night runs. In terms of end use, construction and industrial manufacturing have been the most prominent segments, owing to high expenditure of countries on infrastructure development and maintenance. The usage of high visibility clothing is significantly high in the mining sector; however, sluggish growth of employment in the sector is hindering the market for high visibility clothing.

Unlike in clothing line-up, the offline distribution channel is a major market shareholder. Since most products are directly consumed by industries, manufacturers directly supply their products through their retailers and distributors. In the offline segment, retailers and distributors are the key distribution segment for the market.

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In terms of category, type O is the leading segment of the global high visibility clothing market as it meets the requirements for application in most industries and job roles. Moreover, mining workers, chemical, construction, and warehouse workers wear type O visibility clothing, which is driving the demand for type O category.

High Visibility Clothing Market: Prominent Regions

The high visibility clothing market in Asia Pacific to dominate the high visibility clothing market in 2019. Increasing demand from end user segments coupled with easy government rules and regulations for establishment of small & medium manufacturing units is expected to boost the market growth. Europe is the second largest market as a result of large number of construction companies.

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Travel and Tourism Market: Verified Value and Volume Forecasts up to 2027

According to a new market report published by Transparency Market Research titled ‘Travel & Tourism Spending Market ((Travel Days – Within 7 Days, 7-15 Days, and More than 15 Days); (Travel Type – Leisure Spending and Business Spending); (Application – Domestic Spending and International Spending)) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027, the global travel & tourism market is expected to reach US$ 13,556.4 Bn by 2027, expanding at a CAGR of 5.2% from 2019 to 2027. The market is segmented by regions into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America.

The travel & tourism market in North America is a mature and organized market and the second largest in the world. According to the UN World Tourism Organization (UNWTO) Report 2018, the number of international tourist arrivals in North America (including Caribbean and Central America) increased from 97.1 million in 1995 to 174.0 million in 2017, holding a market share of 13.0% in 2017 of global international tourist arrivals.

The average annual growth from 2005 till 2017 was 3.7%. The U.S. is the largest travel and tourism market in North America. The U.S. travel & tourism market is the largest and most organized and mature market in North America. As per the UNWTO Report 2018, the number of international tourist arrivals in the U.S. increased from 60,010 in 2010 to 76,941 in 2017, holding a market share of 36.5% in 2017 of international tourist arrivals in the whole of the Americas.

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The travel & tourism market in Europe is the third largest in the world and is also a mature and organized market. As per the UNWTO Report 2018, the number of international tourist arrivals in Europe increased from 308.5 million in 1995 to 671.7 million in 2017, holding a market share of 51.0% in 2017 of global international tourist arrivals. The average annual growth from 2005 till 2017 was 3.3%. In the Europe travel & tourism market, Germany, the U.K., and France are the top three travel and tourism markets. Germany is the largest travel and tourism market in Europe, followed by the U.K. and France.

Asia Pacific is the largest travel & tourism market in the world and is a growing market. As per the UNWTO Report 2018, the number of international tourist arrivals in Asia Pacific has increased from 82.0 million in 1995 to 323.1 million in 2017, holding a market share of 24.0% in 2017 of global international tourist arrivals. The average annual growth from 2005 till 2017 was 6.4%. In the Asia Pacific travel & tourism market, China, Japan, and India are the top three travel and tourism markets. China is the largest travel and tourism market in Asia Pacific followed by Japan and India.

Middle East & Africa (MEA) is a growing travel & tourism market. As per the UNWTO Report 2018, the number of international tourist arrivals in MEA has increased from 31.4 million in 1995 to 120.8 million in 2017, holding a market share of 9.0% in 2017 of global international tourist arrivals. The average annual growth from 2005 till 2017 was 4.9%.In the MEA travel & tourism market, GCC and South Africa are the top two travel and tourism markets.

The South America travel & tourism market is a growing market. As per the UNWTO Report 2018, the number of international tourist arrivals in South America increased from 11.7 million in 1995 to 36.7 million in 2017, holding a market share of 3.0% in 2017 of global international tourist arrivals. The average annual growth from 2005 till 2017 was 6.0%. Brazil is the largest travel and tourism market in South America.

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The study provides a conclusive view of the global travel & tourism market by segmenting it in terms of travel days, travel type, and application. In terms of travel days, the global travel & tourism market has been classified into within 7 days, 7-15 days, and more than 15 days. In terms of travel type, the market has been segmented into leisure spending and business spending. In terms of application, the market is segmented into domestic spending and international spending.

The report highlights major companies operating in the global travel & tourism market including TUI Group, Hilton Worldwide Holdings Inc., Carnival Corporation & plc, Airbnb, Inc., Crown Resorts Ltd., Accor plc, Balkan Holidays Ltd., G Adventures, Adris Grupa d.d., and OYO Rooms.

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Magneto Resistive RAM Market: Top Challenges to Face in 2020-2027

The overarching need for data storage across multiple industries has played an integral role in the growth of the global magneto resistive RAM market. The advent of big data, and other similar technologies, has necessitates the presence of high-end hardware technologies for data storage. Random access memory (RAM) of different forms and configuration is used across multiple platforms. The supremacy of magneto resistive RAM over other types of storage platforms is a key consideration while gauging market growth.

Several scientists assert that the utility of magneto resistive RAM has largely been underestimated. As the technology gains recognition, it is projected to supplant the popularity of all other modes of data storage in the years to come. Furthermore, proponents of this technology also argue that magneto resistive RAM could become a universal memory storage platform in the years to come. Henceforth, it is safe to believe that the corresponding market would gather fresh revenues in the years to follow

The supremacy of magneto resistive RAM over electrical RAM has transcended as a key driver of demand within the global market. Furthermore, the non-volatile nature of magneto resistive RAM has also given a thrust to market demand. The fading popularity of electrical memory, and the need for large-scale integrated circuits for memory storage, has brought magneto resistive RAM under the spotlight of attention.

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Research (TMR) predicts that the global magneto resistive RAM market would expand at a commendable CAGR of 43.0% over the forecast period between 2019 and 2027. Furthermore, the total value of the magneto resistive RAM market is expected to touch a value of US$2819.3 Mn by 2027. Low-power consumption requirements for magneto resistive RAM, as against electrical RAM, has driven market demand

Application of Magneto Resistive RAM in Multiple Industries

The demand within the global magneto resistive RAM market is rising at the back of advancements in the consumer electronics industry. Several popular electronic devices, including laptops and smart phones, could be using magnetic-field-based memory. Furthermore, the need to eliminate the cons of excessive electricity consumption has also compelled manufacturers to replace electrical RAM with magneto resistive RAM.

The growth of robotic and automation technologies has created increased demand for data storage. Furthermore, multiple industries have expressed the need for securing their data across resilient platforms and storage devices. This factor has also emerged as a key driver of demand within the global magneto resistive RAM market in recent times. As new industries become driven towards use of data analytics, the market shall experience sparks of growth in the years to come.

Aerospace and Defense Sector as a Prominent End User

The use of magneto resistive RAM in the defense and aerospace industry has become a key prospect for market growth. The expansive size of this industry has created lucrative opportunities for market vendors. Moreover, enterprise storage is another area that necessitates the use of workable data storage platforms. Hence, the global magneto resistive RAM is projected to become a worthy domain for investment.

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The leading players in the global magneto resistive RAM market are aiming at collaborating with electronic manufacturers. Furthermore, these vendors are slated to foster innovation via investments in research and development. Some of the prominent players operating in this market are Hewlett-Packard Enterprise, Everspin Technologies Inc. Avalanche Technology Inc., Spin Transfer Technologies, and Honeywell International Inc.

The review is based on TMR’s report titled, “Magneto Resistive RAM (MRAM) Market (Product Type – Toggle MRAM and Second Generation MRAM (STT-MRAM); Application – Consumer Electronics, Robotics, Automotive, Enterprise Storage, and Aerospace and Defense) – Global Industry Analysis, Trend, Size, Share, and Forecast 2019 – 2027.”

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Thermoelectric Module Market: Top Trends to Look for in 2020-2027

According to a new market research report titled ‘Thermoelectric Module Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2019–2027,’ published by Transparency Market Research, the global thermoelectric module market is expected to reach value of US$ 1,713.9 Mn by 2027, expanding at a CAGR of 11.7% from 2019 to 2027. According to the report, the global market is expected to be influenced by a range of macroeconomic factors, such as GDP and market trends, during the forecast period. In terms of demand, Asia Pacific is projected to lead the global market in the next few years. The market in the region is likely to expand at a CAGR of 12.1% during the forecast period.

Advantages offered by thermoelectric modules over conventional products to drive the global thermoelectric module market

The global thermoelectric module market is projected to expand at a significant growth rate during the forecast period, owing to advantages offered by thermoelectric modules over conventional products across the world. Large thermoelectric systems have been built for special applications such as railroad cars, cooling within submarines, and semiconductor manufacturing. Presently, thermoelectric systems with high power are being preferred in the market. Thermoelectric systems with their capacity ranging from 200 Watt to 400 Watt are being commonly used in various sectors such as automotive and industrial.

Global Thermoelectric Module Market: Scope of Report

The global thermoelectric module market has been broadly segmented based on technology, material, type, application, end-use industry, and region. In terms of technology, the market has been segmented into single stage and multi stage. Among these, the single stage segment holds a significant share of the market and it is anticipated to expand at a CAGR of 11.4% during the forecast period.

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Based on material, the market has been classified into bismuth telluride (Bi2Te3), lead telluride (PbTe), silicon germanium (SiGe), and others. Among these, the bismuth telluride segment held a prominent i.e. 39.9% share of the global thermoelectric module market in 2018. It was followed by the lead telluride segment. In terms of type, the global thermoelectric module market has been divided into bulk (standard) TEM, micro TEM, and thin-film TEM. Among these, the bulk (standard) TEM segment held a significant share of the global market in 2018. It is expected to expand at a CAGR of 11.5% during the forecast period. In terms of application, the market has been categorized into analytical instrumentation, automotive electronics & safety systems, refrigeration & cryogenics, thermal cycling, detectors, and others.

The refrigeration & cryogenics segment held a major share of the global market in 2018. It is anticipated to expand at a CAGR of 11.2% during the forecast period. Based on end-use industry, the market has been segmented into aerospace & defense, automotive, consumer electronics, healthcare, food & beverages, energy & utility, and others. Among these, the consumer electronics segment held a significant i.e. 33.5% share of the global market in 2018. In terms of region, the global thermoelectric module market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

In terms of revenue, Asia Pacific held a leading share of the global thermoelectric module market in 2018. The market in the region is anticipated to expand at a CAGR of 12.1% during the forecast period. Use of advanced thermoelectric materials for the manufacture of thermoelectric modules has led to rise in the adoption of thermoelectric modules in the region. In terms of revenue, China holds a major share of the thermoelectric module market in Asia Pacific, followed by Japan. Moreover, in terms of revenue, the market in India is anticipated to expand at a significant CAGR of 12.7% between 2019 and 2027.

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Global Thermoelectric Module Market: Competition Scenario

The research study includes profiles of leading companies operating in the global thermoelectric module market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. Some of the key players operating in the global market are Crystal Ltd., Ferrotec Corporation, GENTHERM, II-VI Marlow Incorporated, KELK Ltd., KRYOTHERM, Laird Technologies, RMT Ltd., TE Technology, Inc., TEC Microsystems GmbH, Thermion Company, Thermonamic Electronics (Jiangxi) Corp. Ltd., and TOSHIBA MATERIALS CO., LTD.

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Fiber Optic Connectors Market: Deep Company Profiling of Leading Players 2020-2024

The demand within the global market for fiber optic connectors has been rising on account of key advancements in the multiple end-use industries, finds Transparency Market Research (TMR). The presence of a large number of vendors in the global market for fiber optic connectors makes the market highly fragmented.

It is expected that the leading market players in the global market for fiber optic connectors would make voluminous investments to distinguish themselves from the smaller and amateur players. The leading vendors in the global market for fiber optic connectors have continually elevated their quality standards in order to attract consumers into buying their products.

The small- and medium-sized market players in the global market for fiber optic connectors’ have a large playfield to experiment new business strategies, It is expected that the small vendors in the global fiber optic connectors market would stick to the basics of marketing in order to enhance their growth prospects. The medium-sized players in the global fiber optic connectors market could benefit from tying up with the larger players ad getting access to a wider consumer base. Some of the key vendors in the global market for fiber optic connectors are Furukawa Electric Co. Ltd., ZTE Corporation, Hitachi Ltd., Corning Cable Systems LLC, Broadcom Limited, and Sterlite Optical Technologies Limited.

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A report by Transparency Market Research (TMR) finds that the global market for fiber optic connectors would expand at a healthy CAGR of 8.1% over the period between 2019 and 2027. The global fiber optic connectors market had a total worth of US$3.5 bn in 2018, and this figure is expected to touch a value of US$7.2 bn by 2027. On the basis of application, the demand for fiber optic connectors in the telecom industry has been rising at a stellar rate. On the other hand, the market for fiber optic connectors in Asia Pacific is projected to expand at a robust rate in the years to come.

Growth of the Telecom Industry to Propel Demand

The need to ensure seamless communication through transfer of signals in the telecom industry has been growing in recent times. Fiber optic connectors are an indispensable part of the telecom net, and hence, the growth of the telecom industry is projected to drive demand within the global market for fiber optic connectors. Although various types of fiber optic connectors are available in the marketplace, there is no substitute for the base product. This factor has emerged as another key prospects for growth within the global market for fiber optic connectors.

High Price of Fiber Optic Connectors could hamper Growth

The demand within the global market for fiber optic connectors could be restrained by the high costs of these connectors. The per unit cost of fiber optic connectors used in the telecom industry often outdoes the benefits served by these connectors, which has become a major concern of the market vendors. However, the use of fiber optic connectors across data centers and datacom units is projected to keep enhancing the growth prospects of this market. Besides this, advancements in the domain of DWDM systems is also expected to propel market demand in the years to come.

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The review is based on TMR’s report titled “Fiber Optic Connectors Market (Types – LC (Lucent Connectors), SC (Standard Connectors), ST (Straight Tip) Connectors, MPO/MTP (Multiple-Fiber Push-On/Pull-Off), and MXC; Applications – Telecom Industry, Datacom, DWDM Systems, and Lasers) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024”.

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Water Meter Market: Growth Opportunities to Tap into in 2020-2027

Some of the prominent players operating in the water meter market are Arad Group, Badger Meter, Itron, and Kamstrup. These players are increasing focus towards the adopting various strategies in order to strengthen foot hold in the smart water metering market.

Contracts, agreements, business expansion and mergers and collaboration are some of the widely adopted strategies by the players.

For instance, in 2018, Kamstrup, leading water metering solution manufacturer announced the opening of its new manufacturing plant in United States.

Moreover, in 2018, Diehl, a key service provider has announced their products are available on Microsoft Azure. The company deals in several software associated with water meter. The cloud technology will help them offer a central platform for all of the energy data. Thus helping them make software access simpler and more cost-efficient for a range of manufacturers.

According to a report by Transparency Market Research (TMR), the global water meter market is projected to attain a valuation of US$6.1 bn by the end of 2027. The analysts recorded a valuation of US$4.0 bn in 2018. The water meter market is projected to showcase a steady CAGR of 4.7% during the forecast period.

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On the basis of geography, Asia Pacific is expected to hold a majority of share in the global market during 2019 to 2027.  This is mainly due to the improving infrastructure and rapidly increasing industrialization and urbanization in the region. Based on application, the water meter market is segmented into residential, commercial and industrial segment. Among these, residential sector is anticipated to continue to lead throughout the forecast period. This is because, household residents are the key consumers of water meter market.

Need to Reduce Cost of Operation to Fuel Market’s Growth

The water meter market is projected to attain rise at a healthy CAGR during the coming few years. Growing concern toward water management, need to reduce cost of operation and rise in number of consumers are some of the prominent factor expected to boost the global water meter market in the coming few years.

In addition to this, rising integration of advanced technologies such as Internet of Things and automation in the water meters are some other factors which are expected offer several lucrative prospects to the growth of the water meter market. The accuracy of this equipment and controlled, monitored and transparent billing methods offered by these meters are boosting the consumer’s demands.

Further, players in the water meter market are increasingly integrating several advanced sensors and monitors with the water meter that offers additional data such as water velocity, quality and water flow rate. This is helping industry players efficiently manage water throughout the operation. These factors are driving the growth of the global water meter market.

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Moreover, ultrasonic meters have a longer life span, and they are able to transmit real-time data using communication network connectivity; the data is analyzed by meter data management systems or central monitoring software platforms.

Lack of Governmental Support to Impede Growth

Despite several advancements and growth in the water meter market is likely to suffer from factors such as lack of sufficient financial infrastructure and lack of governments support in developing countries, as per a recent report by World Water Development Report, on an average 480 million people in Asia suffer from water scarcity.

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Valves Market | Size, Share, COVID – 19 Outbreak and Forecast to 2027

Transparency Market Research recently published a report on the global valves market. The study forecasts the market to grow steadily during the forecast period due to the rising demand from the end-use industries. The stringent government regulations across different countries have also supported the global valves market’s expansion during the forecast period of 2019 to 2027. The rising industrialization and development of advanced solutions have also been highly instrumental in the market’s expansion states TMR.

Global Valves Market is Expected TO Grow With a CAGR of 7%

As per the analysis of Transparency Market Research, global valves market was valued US$ 69.7 billion and expected to grow with a CAGR of 7% from 2019 to 2027 and reach the market size of US$ 128.1 bn in 2027.

The market is highly competitive in nature with the presence of small and medium players. Major players operating in this market are adopting strategies including merger & acquisition, product innovation & developments. Moreover, some players are offering advanced and cost-efficient valves that offer enhanced pressure control.

Key companies operating in the global valves market include General Electric Company, Scientific AVK Holding A/S, Schlumberger Limited, KITZ Corporation, and Goodwin International Ltd.

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The Oil and Gas Industry to Lead the Valves Market

It has been estimated that oil and gas segment accounted for the largest market in global valves market and expected to maintain its dominance over the forecast period. Factor attributing to the market growth is automation in the oil and gas industry. There has been an inundation in the use of robots to perform complex industrial tasks. The trend of plant automation is highly prevalent in the oil and gas industry. Such processes essentially require valves to ensure efficiency. These factors have highly contributed to the valves market’s growth.

Another factor attributing to the market growth is growing demand for pipeline infrastructure. Demand of natural gas at global level is one of the key reasons behind the rise in pipeline constructions, thereby steering the market’s growth. The emergence of advanced and efficient valve manufacturing technologies has also contributed to the market’s growth due to an increase in investment for the development of new technologies.

Beside oil & gas segment, some of the key end use industries where valves have higher usage are wastewater treatment, automobile, pulp and paper, and manufacturing industries are also experiencing a high demand of valves. Companies are increasing their production capacity to meet the growing market demand.

Asia Pacific Accounted For The Largest Market

In terms of region, Asia Pacific was valued to be the largest market and expected to maintain its dominance during the forecast period. Rising oil & gas exploration activities coupled with High growth in pipelines sector is driving the market growth.

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Furthermore, growing investments in the oil and gas sector. Japan, China, and India account for a major share in the market’s growth in this region. This is mainly because of the growing industrial sector and increase in the production of industrial valves. The market’s growth in China is driven by high demand from the chemical plants. In addition, rising demand of valves from automotive industry will boost the market demand in coming years.

The study presented here is based on a report by Transparency Market Research (TMR), “Valves Market (Product Type – Pressure Reducing Valves, Safety/Relief Valves, Control Valves, Globe Valves, Plug Valves, Gate Valves, Ball Valves, Butterfly Valves, Diaphragm Valves; Industry – Oil and gas (LNG, petroleum – Upstream, Midstream, Downstream), Power (Fossil – Coal and Oil, Natural Gas), Nuclear Power, Chemicals, Marine, Construction, Pulp and paper, Mining, Water and Wastewater Treatment) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 – 2027.”

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