Epi Wafer Market to Witness Huge Growth by 2030

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

The global Epi wafer market is broadly affected by several factors, including rising demand for Epi wafers in consumer electronic devices and increase in adoption of Epi wafers in RF devices. The market for Epi wafer systems is likely to take off and it will be interesting to see how the contending innovation based new technologies change in the years ahead.

Epi Wafer Market: Dynamics

Epi wafers are extensively used in consumer electronic devices such as smartphones, smart watches, tablets, and smart TVs to enhance their performance and accuracy. Continuous development in wafer size leads to development of consumer electronic products enabled with infrared detectors and sensors to operate devices conveniently. As the need for IR applications grows, manufacturers have begun to utilize appropriate IR materials in the design of plano-optics as per the requirement of applications. Furthermore, demand for IR detectors is increasing with growing safety and security concerns in hotels, hospitals, offices, and airports, among others, which is anticipated to surge the demand for Epi wafers. Thus, increase in adoption of consumer electronic devices is expected to drive the growth of the global Epi wafer market during the forecast period.

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In the telecommunications industry, high frequency signals are required for transmission of signals over long distance with minimum loss of signal strength. RF devices such as Wi-Fi wireless internet devices, Zigbee wireless devices, cordless telephones, and other devices are significantly used in offices, and commercial and residential places. Use of silicon wafers in RF devices is ideal, as they are capable of lowering the coupling between devices and provide low-loss substrates for high speed and system integration. Thus, increasing demand for RF devices in the global telecommunications sector is projected to have a positive impact on the global Epi wafer market during the forecast period.

Various factors can affect the results of Epi wafers. High resistivity silicon substrate is important to improve signal isolation and minimize substrate cross talk in radio frequency. The availability of large diameter size is helpful to manufacture large amounts of semiconductor and power devices at low manufacturing cost. In Epi wafers, float zone (above 200mm) silicon wafers are generally not greater than 200mm (8”) due to the surface tension limitations during growth and thus not suitable for modern CMOS processing where the standard wafer diameter is 12.’’ However, this limitation is expected to be resolved with continuous technological advancement, which will help to produce power devices and detector/sensor products at lower cost.

Thus, this factor is projected to have a moderately negative impact on the global Epi wafer market during the forecast period.

Epi Wafer Market: Prominent Regions

The U.S. holds leading share of the North America Epi wafer market. The market in the country is expected to expand at a moderate rate during the forecast period. The U.S. is home to numerous technologically advanced wafer manufacturers having their own research and development facilities.

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The demand for Epi wafer systems in the U.S. market is increasing rapidly due to various requirements in different industries. India is expected to be a moderately growing Epi wafer market in the Asia Pacific region over the next few years. Wafer manufacturers in China are facing business loss in the year 2020 due to the COVID-19 impact. EU5, which comprises the U.K., Germany, France, Italy, and Spain holds maximum share of the Europe Epi wafer market, owing to usage of Epi wafer systems for chemical, food & beverages, pharmaceutical, and oil & gas industries in these countries.

Epi Wafer Market: Key Players

Key players operating in the global Epi wafer market are Desert Silicon Inc., Electronics and Materials Corporation Ltd., EpiWorks Inc., Global Wafers Japan Co. Ltd., Intelligent Epitaxy Technology Inc., IQE PLC, Jenoptic AG, MOSPEC Semiconductor Corporation, Nichia Corporation, SHOWA DENKO K.K., Siltronic AG, and Visual Photonics Epitaxy Co. Ltd. The market also consists of some local manufacturers.

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Aseptic Paper Packaging Market Report: Top Companies, Trends and Future Prospects Details for Business Development

Transparency Market Research delivers key insights for the aseptic paper packaging market in its published report, which include global industry analysis, size, share, growth, trends, and forecast for 2020-2025. In terms of revenue, the global aseptic paper packaging market is projected to expand 1.4x its current market value by the end of 2025, owing to increasing demand from beverages, dairy products, and end usage across several countries. About this, TMR offers detailed insights and forecasts in the aseptic paper packaging market report.

Aseptic paper packaging is essential for consumable products such as packaging of fruit juices, carbonated drinks, alcoholic drinks, milk, and yogurt. Aseptic paper packaging offers complete protection from water vapors and bacteria making it suitable for liquid products packaging applications. For better understanding, the market analysis is segmented as per paper type, thickness, packaging structure, packaging type, and end use across five regions.

As per TMR analysis, aseptic paper packaging is expected to become the first choice of end users, attributing to increasing demand for safe and hygienic product packaging. The aseptic paper packaging market is likely to gain traction among manufacturers, owing to increase in food, beverage, and dairy industries over the next decade, which have been widely utilizing aseptic packaging. Furthermore, a large number of conventional food and beverage packaging companies is likely to switch to aseptic paper for packaging, which is anticipated to drive the aseptic paper packaging market.

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Eco-Friendly Nature and Recyclability of Packaging Cartons to Boost Demand for Aseptic Paper Packaging

Traditionally, liquid food goods are packaged using plastics derived from non-renewable resources and with high CO2 emissions. The reducing carbon emission is a global initiative, and strict regulations to reduce carbon content in the environment have been introduced by governments of various countries. This has inspired suppliers of packaging solutions to move from traditional packaging types to eco-friendly packaging items. Aseptic packaging cartons are made of recyclable and biodegradable materials. This is expected to increase the uptake of such cartons across various industries.

For instance, Elopak Inc., a prominent manufacturer of liquid packaging cartons that focuses on the adoption of a future-proof packaging strategy. The company insists on 100% renewability and replaces all of its fossil-based raw materials with biodegradable resources.

Increasing Consumption of Preservative-free Food and Beverages Amplifying growth Opportunities for Aseptic Paper Packaging

Preservatives are artificial or naturally occurring chemical compounds with special characteristics that stop the growth of microorganisms in foods or beverages. They are also used to add appeal to the packaged food or beverage such as flavor and color. These preservatives help increase the shelf life of various products through different reactions, acting as antioxidants or decreasing the rate of reaction. These work well in preserving the food. However, they can cause side effects upon consumption.

The elimination of packaging preservatives offers a good incentive for the demand for aseptic packaging. As aseptic carton packaging preserves food and beverage composition without introducing any preservatives, it is projected that the packaging technology would help the food & beverages industry reduce the use of preservatives in the packaging of different items.

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Gradual Shift toward Alternate Packaging Solutions Adding Challenges for Aseptic Paper Packaging Market Growth

Plastic and glass packaging products are involved in almost all aspects of life, and it simplifies the transport of a diverse range of drink, food, and other goods. There is a significant potential for new applications of plastics that are anticipated to offer various benefits such as cost-effectiveness, lightweight, corrosion-resistance insulate, and high electrical and thermal ion properties. The easy availability of plastic as alternative and high costs for aseptic packaging cartons manufacturing are likely to restraint the market.

Glass is a proven and trusted material for food packaging. The manufacturing process of glass requires fewer natural resources and less energy than any other packaging materials. Furthermore, there is no possibility for harmful chemicals to leak from glass packaging into the food. It is 100% recyclable as well as reusable in nature, and cannot lose its quality and purity if recycled into a new one. Therefore, these alternative packaging formats are expected to restrain market growth of aseptic paper packaging to a certain extent.

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Soft Skills Training Market Size by Application, Raw Material, Region-Forecasts Opportunity

Transparency Market Research delivers key insights on the global soft skills training market. In terms of revenue, the global soft skills training market is estimated to expand at a CAGR of ~12% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global soft skills training market.

The global soft skills training market is broadly impacted by several factors, such as increasing focus on soft skills development such as communication and leadership within corporate and education institutes. Thus, expanding importance of soft skills training for different end users is propelling the global market for soft skills training.

Soft Skills Training Market: Dynamics

Soft skill is a combined set of behavior, which defines a person’s personality and has the ability to interact with other people in the existing environment. Soft skill is a combination of social skills, communication skills, character or personality traits, attitudes, career attributes, social intelligence, and emotional intelligence. Soft skills determines a person’s personal and professional relationships, and also his/her ability to do things, and achieve personal and professional goals.

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In the current scenario, soft skills is considered one of the most important abilities during the recruitment process. The soft skills training market report provides an overview of types of soft skills, various soft skills training methods being adopted to train employees in different markets, and also describes different industries and their adoption of soft skills training.

The availability of soft skills training through online platforms is an important factor driving the soft skills training market. The COVID-19 pandemic has played a critical role in boosting the online training platform. Risk of infection and lockdown in several countries have fueled the demand for online platforms. Schools, colleges, offices, and businesses have shifted to online platforms, which has propelled the online platform market from the first quarter of 2020. As per World Economic Forum, COVID-19 has resulted in shutting down of schools across the world. Globally, over 1.2 billion children are out of their classrooms. The overall market for online education is projected to reach US$ 350 Bn by 2025, which includes language apps, virtual tutoring, video conferencing tools, or online learning software.

Soft skills are increasingly in demand in the workplace. Google LLC quoted creativity, leadership potential, and communication skills as top prerequisites for both potential and current employees. The increasing focus on soft skills is likely to enhance the role of online training platforms in boosting the soft skills training market.

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Soft Skills Training Market: Prominent Regions

Presently, North America generates the highest revenue for soft skills training across all regions. The soft skills training market in North America is expected to reach US$ 18,110.2 Mn by the end of year 2030 from US$ 5,476.4 Mn in year 2019, at a CAGR of 11.7% during the forecast period. Miscommunication in businesses across the U.S. and the U.K. cost US$ 37 Bn per annum. It has also been observed that 85% of dismissals in the US are due to personality conflicts. The soft skills training market in Asia Pacific is expected to expand at the highest CAGR during the forecast period.

Soft Skills Training Market: Key Players

Key players operating in the global soft skills training market are Cengage Learning, Inc., Computer Generated Solutions, Inc., D2L Corporation, edX, Inc., Interaction Associates, Inc., New Horizons Worldwide, LLC., NIIT Limited, Pearson PLC, QA Ltd., Skill Key Interactive, LLC, Skillsoft Corporation, Tata Interactive Systems, The Insights Group Ltd., VitalSmarts, and Wilson Learning Worldwide.

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Fans & Blowers Market Insights and Forecast to 2030

Transparency Market Research delivers key insights on the global fans & blowers market. In terms of revenue, the global fans & blowers 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 fans & blowers market report.

In this market report, TMR predicts the growing commercial and industrial sector across the globe to have a noteworthy impact on the overall fans & blowers market. Advancements in product design and the introduction of smart ceiling fans are anticipated to propel the sales of fans & blowers in the Asia Pacific region.

The introduction of fans & blowers with increased efficiency, easy handling, self-cleaning, and reduced noise is likely to drive the market during the forecast period. Furthermore, rise in population, upgrade of infrastructure, developments in the residential sector, and investment in commercial space is expected to fuel the fans & blowers market during the forecast period.

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In terms of type, the fans & blowers market has been segmented into standard ceiling fans, HVLS ceiling fans, caged direction, ceiling columns destratification fans, portable evaporative coolers, air supply fans, and exhaust fans. During the forecast period, the market is anticipated to be dominated by the standard ceiling fans segment. In the report, based on application, the fans & blowers market has been segmented into commercial, industrial, and others.

Based on distribution channel, the fans & blowers market has been segmented into online and offline. The offline segment is anticipated to expand at a significant growth rate during the forecast period. Asia Pacific has seen a surge in adoption of e-Commerce among consumers, which in turn has increased online retail sales of fans & blowers.

Fans & Blowers Market: Prominent Regions

Geographically, Asia Pacific led the fans & blowers 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 fans & blowers in the Asia Pacific region, although North America and Europe have been dominating the fans & blowers market. Apart from Asia Pacific, African provinces also significantly contribute to the growth of the global fans & blowers market.

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Fans & Blowers Market: Key Players

The competition landscape of the fans & blowers market is moderately fragmented with leading players accounting for nearly 30% of the revenue share. Key players operating in the global fans & blowers market include ACME Engineering & Manufacturing Corporation, Air Control Industries, Inc., Airmaster Fan, Alfa Fans, Gardner Denver, Inc., Continental Blower, LLC, and Air King America, LLC.

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Industrial Gear Market Growth Trends and Competitive Analysis 2020-2030

Transparency Market Research delivers key insights on the global industrial gear market. In terms of revenue, the global industrial gear 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 its report on the global industrial gear market.

The global industrial gear market is affected by several factors. Industrial gear finds application in a wide range of heavy industries and manufacturing industries due to its capability of reducing mechanical work in various processes and operations. Vast population and the incremented income at the global level have encouraged several industries to extend their facilities to meet the demands of consumers. These industries include textile, oil & gas, pulp & paper, and food & beverages. These are the key factors driving the industrial gear market growth.

Industrial Gear Market: Dynamics

Investments in discrete manufacturing sectors such as packaging, plastics, automotive, and material handling are expected to create sales opportunities for industrial gear. The manufacturing of mass-produced automobiles and processing of food, pharm, biotech, etc. typically relies on conveyors and equipment to bring the parts and assemblies to a location where robots or workers are tasked with a specific function. These electric motors are often connected directly to gearboxes with the help of gear as these are used for driving conveyors, lifts, robot arms, etc.

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Machines used in the packaging industry must deliver high performance in often demanding environments. High speed and accurate and repeatable movements are necessary in environments where temperature, pressure, and loads can place a strain on electromechanical components, including packaging gear. This showcases an opportunity for the growth of the industrial gear market.

Industrial Gear Market: Prominent Regions

Asia Pacific dominates the global industrial gear market with China in the dominating position despite the market slowdown. The U.K is an attractive industrial gear market in Europe, while Germany is the largest market. In South America, Mexico is opening doors for new opportunities. The industrial gear market in Middle East & Africa is likely to grow at a moderate rate due to various global events lined up in the upcoming years. The industrial gear market will be driven by increasing automotive production coupled with large scale EPC projects in all geographies.

Asia Pacific is the biggest and fastest growing markets for industrial gear. Asia Pacific being a mix of developed and developing countries is projected to provide better opportunities for market growth during the forecast period. Economic growth and high demand for industrial gear from small and medium scale manufacturers are driving the market growth.

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Germany accounted for the largest industrial gear market in Europe. Germany is set to maintain its dominance during the forecast period. Large number of industrial gear manufacturers are present in this region, which is one of the key market driving factors.

Industrial Gear Market: Key Players

Key players operating in the global industrial gear market are ABB Ltd, Siemens AG, Martin Sprocket & Gear, Inc., Hota Industrial Manufacturing Co., Ltd., OKUBO GEAR Co., Ltd., Bharat Gears Ltd., Elecon Engineering Company Limited, Precipart Corporation, Kohara Gear Industry Co., Ltd., Aero Gear Incorporated, Shanthi Gears Limited, Ashoka Machine Tools Corporation, Cleveland Gear Company Inc., Meritech Group, and Bevel Gears India Pvt. Ltd.

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Automotive Air Suspension Market Report, Growth Trends and Competitive Analysis 2020-2025

Air suspension of a vehicle helps in improving the driving comfort of the vehicle to a large extent. Besides, air suspension also helps in effectively reduce fuel consumption and improve vehicle stability. Air suspension also helps in adjusting the ride height according to the vehicle speed.

Automotive Air Suspension Market: Drivers and Restraints

The booming automotive sector is expected to drive the automotive air suspension market during the forecast period. The basic function of the air suspension system is to provide a comfortable ride to the driver. Thus, the air suspension is a feature that is primarily prevalent in luxury vehicles and high-end models of vehicles. Increasing technological advancements such as electronically controlled air suspension systems (ECAS) have been gaining traction in recent years. This is further expected to fuel the automotive air suspension market in the near future.

Most key manufacturers of passenger vehicles do not prefer to provide air suspension in vehicles that fall in the medium price range category owing to the high price of the system. This is anticipated to hamper the automotive air suspension market during the forecast period.

Automotive Air Suspension Market: Key Segments

The global Automotive Air Suspension Market can be segmented based on vehicle, technology, component, and geography. In terms of vehicle type, the automotive air suspension market can be segmented into passenger vehicles and commercial vehicles. The commercial vehicles segment can be further divided into light commercial vehicles (LCVs), heavy commercial vehicles (HCVs), and buses & coaches. Commercial vehicles, especially heavy duty trucks and buses & coaches are subject to shocks to a larger extent compared to passenger vehicles. Air suspension systems help in shock absorption. This is anticipated to provide promising opportunities for the growth of the automotive air suspension market during the forecast period.

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Based on technology, the automotive air suspension market can be divided into electronically controlled air suspension and manually controlled air suspension. The electronically controlled air suspension (ECAS) is anticipated to expand at a rapid pace during the forecast period owing to the rising consumer preference toward cars with technologically advanced systems. ECAS enables better levelling of the vehicle, reduced air consumption, reduced vibration, more comfortable ride, higher stability, optimum road grip, and the ability to adapt to varying load capacities.

Based on components, the automotive air suspension market can be segregated into air compressor, air reservoir, electronic control unit and height sensors.

Based on sales channel, the automotive air suspension market can be classified into OEM (original equipment manufacturer) and aftermarket. The OEM segment is anticipated to expand at a significant growth rate during the forecast period owing to the fact that the air suspension system does not require replacement on a frequent basis.

Based on geographical region, the automotive air suspension market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to witness a significant growth in the automotive air suspension market during the forecast period owing to the rapid advancement in the automotive sector in the region and the strong manufacturing footprint of major vehicle manufacturers in few countries of Asia Pacific such as China, Japan and South Korea. Asia Pacific is anticipated to be followed by Europe. This high growth rate of the automotive air suspension market in Europe is mainly due to the focus of Europe-based OEMs toward technological advancements and the rising public preference toward possessing luxury vehicles equipped with air suspension systems in the region in recent years.

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Automotive Air Suspension Market: Key Players

Key players operating in the global automotive air suspension market include Continental AG, ThyssenKrupp AG, WABCO, Hendrickson USA, L.L.C., Dunlop Systems and components , Hitachi, Ltd. , ZF Friedrichshafen AG, and Magneti Marelli S.p.A.

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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Automotive Repair and Maintenance Services Market Research Report, Growth Trends and Competitive Analysis 2020-2026

Periodic maintenance plays an important role in maintaining safety of the vehicle. Several parts of the vehicle, such as engines, brakes, batteries, and filters, cannot be visually inspected and hence, specific automotive repair services play an important role. Periodic oil change, brake repair, air conditioning service, and wheel alignment keeps the vehicle in good working condition.

Increase in awareness regarding vehicle maintenance and vehicle safety is projected to drive the demand for automotive repair and maintenance services during the forecast period. Availability of several independent auto service and maintenance providers is likely to boost the automotive repair and maintenance service market during the forecast period. Moreover, availability of service flexibility, cost competitiveness, and reliable maintenance services are key factors that are anticipated to further propel the market in the near future. Furthermore, increase in on-road vehicles across the globe is anticipated to boost the automotive repair and maintenance services market during the forecast period.

The global automotive repair and maintenance services market can be segmented based on services and parts, service providers, vehicle type, and region. Based on services and parts, the automotive repair and maintenance services market can be segregated into engine oil, gear oil, tires, and others. Engine oil performs an important role in the smooth functioning of the transmission system and enhances engine performance, which directly affects the fuel-efficiency of the vehicle. Brake oil is another important sub segment which is anticipated to expand rapidly during the forecast period owing to its importance in the vehicle. For better fuel efficiency different types of filters such as air filter, cabin filter, oil filter and others perform important operation.

In terms of service providers, the automotive repair and maintenance services market can be bifurcated into automotive dealership, franchise general repairs, locally owned repair shops/body shops, and others. The automobile dealership segment is likely to hold a major share of the automotive repair and maintenance services market during the forecast period. Presence of several locally owned repair shops is also rising at a significant pace owing increase in preference of consumers toward locally owned shop.

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Based on vehicle type, the automotive repair and maintenance services market can be segregated into passenger vehicle and commercial vehicle. The passenger vehicle segment holds a major share of the market. This trend is likely to continue during the forecast period.

In terms of region, the automotive repair and maintenance services market can be classified into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to lead the global market, owing to the presence of numerous automotive hubs in the region. Furthermore, large consumption of passenger vehicle across Asia Pacific and rising production of passenger vehicles across the region are anticipated to drive the automotive repair and maintenance service market during the forecast period. Currently, North America also holds a notable share of the automotive repair and maintenance services market. It is likely to maintain its share of the global market during the forecast period.

Key players operating in the automotive repair and maintenance services market include Arnold Clark Automobiles Limited, Asbury Automotive Group, Inc., Driven Brands, Inc., Firestone Complete Auto Care, Goodyear Tire & Rubber Company, and Jiffy Lube International, Inc.

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