Thursday, 19 November 2020

Smart Refrigerator Market By Application, Production, Revenue & Forecast To 2027

A smart refrigerator refers to those refrigerators that are connected to the cloud technology. Depending on the features that are integrated into the refrigerator, it allows the user to do things such as allowing calendar entries on the screen of the fridge, receive and send notes, and use one’s smartphones to see what is inside. It even sends alerts if the door of the fridge is left open. The global smart refrigerator market is estimated to observe growth in the increased penetration of intelligent appliances.

There has been a rise in the awareness about the benefits of smart refrigerators and smart home establishments, which is expected to drive the growth of the global smart refrigerator market over the period of analysis. Consumers in the developing countries are increasingly making a shift toward intelligent home appliances so as to benefit from the features of internet connectivity and diminish consumption of power. Smart refrigerators are gathering momentum from its ability to enable smartphone connectivity, which allows remote operations. Such features are likely to encourage growth of the global smart refrigerator market in the years to come. In addition, the global smart refrigerator market is also estimated to gather momentum from its ability to control use of technology and encouraging environment friendliness.

The global smart refrigerator market is likely to be adversely impacted by the ongoing outbreak of coronavirus, which has wreaked havoc across the globe taking lives and livelihood. The market is likely to witness fall in demand due to job losses and lockdowns. However, once lockdowns are lifted and business returns to normal, it is expected to gather momentum gradually.

Type, end use, sales channel, and region are the four important parameters based on which the global smart refrigerator market has been categorized. The sole aim of such segmentation is to offer a clearer and detailed view of the global smart refrigerator market.

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Global Smart Refrigerator Market: Notable Developments

One of the developments that offer a glimpse of the market dynamics about the global smart refrigerator market is mentioned below:

  • In January 2018, South Korea-based electronics manufacturing giant, LG Electronics is giving its Alexa integrated smart refrigerators or Alexa refrigerators a boost and has brought in new branding. Now branded as InstaView ThinQ Refrigerator, the fridge will make use of artificial intelligence integrated onto it to establish connection and interact with other appliances of ThinQ-brand.

Some of the prominent organizations in the global smart refrigerator market include the below-mentioned:

  • LG Electronics
  • Haier Group Corporation
  • Panasonic Corporation
  • Samsung Electronics Co. Ltd
  • Hisense Co. Ltd
  • Whirlpool Corporation

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Global Smart Refrigerator Market: Key Trends

The global smart refrigerator market is characterized by the presence of the following restraints, drivers, and opportunities.

Rapid Progress in Wireless Communication Technology to Present Lucrative Growth Opportunities

The global smart refrigerator market is estimated to be influenced by the integration of advanced communication technologies to build a user friendly yet energy efficient appliances for better lifestyle of people. Rapid progress in the wireless communication and IT infrastructure allow hassle-free assimilation of refrigerators with smartphones or tablets or laptops. This integration of smart gadgets allows the users to optimize and control operations of fridge from far off places. Remote operation is one important factor that is likely to support growth of the global smart refrigerator market over the timeframe of analysis.

Smart refrigerators also help in minimizing or doing away with food wastage, which further likely to drive the demand for the product. It comes with ability to control shelf life of food products, which is estimated to work in favor of the market in the near future.

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Global Smart Refrigerator Market: Geographical Analysis

Smart refrigerator market in North America and Europe are estimated to present substantial growth opportunities for the market players. High demand for these refrigerators together with availability of substantial disposal income and tech savvy consumers is likely to support growth of the market in North America and Europe.

Asia Pacific is a rapidly growing region in the global smart refrigerator market due to rising disposable income of the people and aggressive marketing strategies by the manufacturers of the consumer goods in the region.

Aerospace and Defense Fuel Market 2028 In-Depth Coverage And Various Important Aspects

The aerospace and defense fuel market may record a stable growth across the forecast period of 2019-2028 due to a plethora of factors, with the growing numbers of economical aircraft in the aviation industry being one of the prime factors. According to some statistics, air traffic may increase considerably across the forecast period barring the COVID-19 lockdown period.

The SARS-CoV-2 outbreak has disrupted the global aviation industry and has a direct impact on the growth rate of the aerospace and defense fuel market. The post-lockdown era may hopefully see the aerospace and defense fuel market on the greener side as international travel resumes when countries ease border restrictions. Meanwhile, the defense sector continues to boost the growth of the aerospace and defense fuel market as the demand for surveillance aircrafts increases.

This upcoming report on the aerospace and defense fuel market provides an in-depth analysis of the current market situation. The report covers components like competitive landscape, key players, regional analysis, and ongoing trends. The report also offers thorough research on how the COVID-19 pandemic will impact the aerospace and defense fuel market. The segmental study enables an individual to thoroughly understand the aerospace and defense fuel market.

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Aerospace and Defense Fuel Market: Competitive Analysis and Notable Developments

Competitors in the aerospace and defense fuel market are coming up with new technologies to introduce sustainability across the aviation sector. The growing environmental concern across the globe has triggered the use of sustainable fuels across all sectors including the aviation sector. Various formulations and technologies are implemented to increase the efficiency of the fuel. Hence, such developments are expecting to boost the growth rate of the aerospace and defense fuel market greatly.

Activities like mergers and acquisitions help various players in the aerospace and defense fuel market retain their market position and sometimes, expand their foothold in the aerospace and defense fuel market. Some well-entrenched players in the aerospace and defense fuel market are Reliance Industries Ltd., Bharat Oman Refineries Ltd., Kuwait Aviation Fueling CO., Royal Dutch Shell Plc., Sinopec, Chennai Petroleum Corp. Ltd., and Hindustan Petroleum Corp. Ltd.

  • Researchers have developed a novel process to convert sugar and organic molecules obtained from biomass called ketones into compounds that could assist greatly in the production of sustainable aviation fuel.
  • Sybhelion, a company established by a group of researchers at the federal technology institute, is on the verge of creating a zero-emission fuel mechanism for the aviation sector. This development highlights the growing research and development activities in the aerospace and defense fuel market.

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Aerospace and Defense Fuel Market: Key Trends

The use of hydrogen as an additive to aviation fuel is expecting considerable traction across the aerospace and defense fuel market. Hydrogen helps in entirely removing the CO2 emissions and also can remove other greenhouse emissions. Therefore, the hydrogen added aerospace fuel may bring considerable growth for the aerospace and defense fuel market.

Aerospace and Defense Fuel Market: Regional Outlook

The aerospace and defense fuel market are geographically segmented into Asia Pacific, North America, Central and South America, the Middle East and Africa, and Europe. North America may emerge as an important arena of growth for the aerospace and defense fuel market.

Asia Pacific is also a fast-emerging region with the continuous expansion of military aircraft and various government initiatives for the civil aviation industry is bringing good growth opportunities for the aerospace and defense fuel market in the region. A classic instance is the UDAN program by the Government of India to encourage the use of domestic flights at affordable rates to strengthen regional connectivity across India.

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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.

Electric Wheelchair Market Booming Demand Leading To Exponential CAGR Growth By 2027

The global electric wheelchair market is set to experience a boost in the growth rate during the forecast period. There are many factors that may influence the growth rate of the electric wheelchair market. Convenience and stability are significant for a rise in the sales of electric wheelchairs. Furthermore, the elderly population is more inclined towards the electric wheelchairs for convenience and ease of operation.

Electric wheelchair or electric-powered wheelchair (EPW), invented by George Klein originally for World War II veterans, is a wheelchair powered by an electric motor. It is a wheelchair that reduces manual activity or does not require any human assistance to move a wheelchair. This wheelchair comes in various types like center wheel drive, front-wheel drive, and standing electric wheelchair. The wheelchair type is used according to the type of surface and space on which the wheelchair is to be used.

The forthcoming research report by Transparency Market Research offers a foolproof analysis of the electric wheelchair market for the forecast period 2019-2027. The in-depth analysis provides insights into growth opportunities and the condition of the electric wheelchair market in the forecast period.

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Electric Wheelchair Market: Competitive landscape and notable developments

The electric wheelchair market has immense competition between the new players and the established players. This, in turn, has paved the way for mergers and acquisitions, joint ventures, and product development to maintain the dominancy in the electric wheelchair market. For instance, Drive Medical recently acquired Med quip Inc. to cement its product portfolio. Another example is Innova Care Concepts forging a partnership with Permobil for supplying electric-powered wheelchairs.

The manufacturers are making technological advancements to make their products more efficient and convenient for the user. A classic example is the development of ‘Scewo’ by the ETH Zurich team. Scewo is a self-balancing electric wheelchair that can go upstairs and downstairs without any human assistance.

In addition, manufacturers are also working on providing advanced wheelchairs at public places like airports. For instance, Japanese Company, WHILL designed self-driving wheelchairs having sensor-based anti-collision technology for providing a seamless experience to the users at the airport.

The key players of the electric wheelchair market are Invacare Corp, Sunrise Medical Inc., Drive Medical, Golden Technologies, Hoveround Corp, Pride Mobility Products Corp, 21st Century SCIENTIFIC Inc., and Merits Health Products.

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Electric Wheelchair Market: Key trends

Growing demand from the sports sector may fuel the electric wheelchair market. BMX motocross conducts a special racing event for the disabled community. It is a popular sport that sees considerable disabled community participation. The participants perform various tricks and top-level stunts using electric wheelchairs. The increasing participation of the disabled community may serve as a key driver for the growth of the electric wheelchair market.  A number of technological upgrades such as WiFi and Bluetooth additions to the electric wheelchairs are also expected to accelerate the growth of the electric wheelchair market. Suspension enhancements may also boost the sales of the electric wheelchair market. Permobil has launched the first wheelchair powered with Flexilink full suspension technology.

Electric Wheelchair Market: Regional analysis

Regionally, the electric wheelchair market is divided in North America, South America, Latin America, the Middle East and Africa, Asia Pacific, and Europe. North America is expected to perform well in the forecast period. This is due to high investment capacity, better technological assistance, and relaxed government regulations. The Asia Pacific region may also observe better growth during the forecast period. Europe has factors similar to that of the North America. Therefore, it is also expected to see a good growth rate during the forecast period.

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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.

Wednesday, 18 November 2020

Automotive Automatic Transmission Market Research Study Including Growth Factors, Types And Application By Regions From 2018 To 2030

Technological advancements have brought great prospects for the automotive automatic transmission market over a brief period and is projected to continue across the forecast period of 2020-2030. The convenience and comfort offered by automotive automatic transmission bring tremendous growth prospects.

The growing traffic concerns demand continuous gear-changing process across the journey in a manual transmission vehicle. This aspect is both inconvenient for the user and not good for car maintenance. Automotive automatic transmission systems eliminate these problems, thus bringing extensive growth opportunities for the automotive automatic transmission market.

This report provides an out-and-out detailed analysis of the aspects that bring tremendous growth prospects for the automotive automatic transmission market. The report concisely focuses on various growth parameters such as competitive scenario, emerging trends, geographical analysis, etc. The study helps the stakeholders to understand the various growth aspects of the automotive automatic transmission market conscientiously. The report also brings extensive information about the COVID-19 impact on the automotive automatic transmission market.

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Automotive automatic transmission market: Competitive insights

A substantial chunk of key players dominate the automotive automatic transmission market. The manufacturers in the automotive automatic transmission market invest heavily in research and development activities for discovering novel techniques and mechanisms that offer cost-effective and superior quality products to the end-user.

In addition, the manufacturers in the automotive automatic transmission market are also involved in customizing the systems in tandem with the emission norms set by various countries around the world. Some well-entrenched players in the automotive automatic transmission market are Eaton Corporation PLC, ZF Friedrichshafen AG, Aisin Seiki Co Ltd., Magna International Inc., and Continental AG.

Automotive Automatic Transmission Market: Product Type-Related Recent Developments

The automotive automatic transmission market can be segmented into Automatic Manual Transmission (AMT), Dual Clutch Transmission (DCT), Automatic Transmission (AT), and Continuously Variable Transmission (CVT). Some recent developments have the potential of bringing great growth opportunities for the automotive automatic transmission market. Here are  major developments across the varied product types.

Dual Clutch Transmission (DCT): This type is a blend of automatic and manual gearbox system. Hyundai recently announced its plans of including N eight-speed wet dual-clutch transmission (N DCT) in its 2021 Veloster N model. The N DCT system has electronic actuators that provide ride comfort and fuel efficiency.

Automatic Manual Transmission (AMT): The AMT system is a semi-autonomous transmission system that uses processors, pneumatics, actuators, and sensors for simulating manual gear use. AMT systems are being used in mid-range vehicles and this segment caters to a large populace. Therefore, this aspect will eventually bring a rise in the demand for AMT systems. The Renault Kwid AMT is being labeled as the cheapest automatic car in India as it is equipped with a five-speed Easy-R AMT gearbox.

Continuously Variable Transmission (CVT): This technology uses pulleys and belts instead of traditional steel gears. Honda Cars have begun pre-launch bookings of the New Jazz in India. It will be available in both manual and continuously variable transmission (CVT).

Automatic Transmission (AT): The traditional automatic transmission system is also gaining considerable momentum through demand from various automobile manufacturers. ZF Friedrichshafen has recently launched the ZF EcoLife transmission technology that helps in improving fuel efficiency.

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Automotive Automatic Transmission Market: Geographical Dimensions

The automotive automatic transmission market is spread across North America, Latin America, the Middle East and Africa, Asia Pacific, and Europe. Asia Pacific may bring considerable growth prospects for the automotive automatic transmission market during the forecast period of 2020-2030. The increasing sales of automatic transmission vehicles are bringing extensive growth opportunities for the automotive automatic transmission market.

India may have a lion’s share in growth contribution. Low-cost automatic transmission variables available for sale are bringing immense growth prospects for the automotive automatic transmission market. The COVID-19 situation is leading many individuals to switch from public transport to private vehicles. This aspect may bring tremendous growth opportunities for the automotive automatic transmission 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.

Automated Parking Management Systems Market Share, Trends And Leading Players By 2026

The global automated parking management systems market is markedly fragmented as each regional market can have different players holding prominent positions, notes Transparency Market Research (TMR). For instance, Skyline Parking and CityLift are expected to emerge as leading players in Europe and Asia Pacific. In North America, the top players are Robotic Parking Systems, Inc. and CityLift who hold a combined share of upward of 32.0% in the regional market.

TMR finds that some of the other prominent players operating in the global automated parking management systems market are EITO&GLOBAL INC., Round Automated Parking System, Klaus Multiparking Systems Pvt. Ltd., Dayang Parking Co. Ltd, and Unitronics.

The global automatic parking management system market is projected to rise at a CAGR of over 13.00% from 2018 to 2026 and touch a valuation of US$4.5 billion by the end of 2026.

The various regional markets for automated parking management systems are the Middle East and Africa, North America, Latin America, Europe, and Asia Pacific. Of these, North America held the major share in 2017, vis-à-vis revenue, and is expected to retain its dominance throughout the assessment period.

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The various technologies deployed in automated parking management systems are sensor technology, mobile technology, and RFID. Among all the types, the demand for sensors is expected to rise at a substantial pace over the forecast period. The rapid strides made by industrialization in suburban areas is a notable factor catalyzing the burgeoning demand for automated parking systems.

Rising Need for Optimizing Parking Spaces propels Demand

The demand for automated parking management system emanates from the ever-rising need for more parking space for vehicles given the staggering rise in new registrations all over the world. The demand for technologies and systems for optimizing parking space is a key factor propelling the growth of the global market.

The exponential rise in number of vehicles in urbanized spaces of developing and developing nations is a key factor that has squeezed the available parking space. With the pressing need for minimizing the land usage, the problem has been confounded further, thus fueling the demand for automated parking management systems.

Numerous benefits of automated parking systems reinforce the attractive demand, key of which are doing away with driving lanes, ramps, optimizing the land usage, ensuring the minimal pedestrian traffic. Furthermore, since the hassles of parking that people face has been a prominent factor contributing to traffic congestions in urban spaces, the need for reducing them has been bolstering the demand for automated parking management systems.

Technological Advances in Automated Parking Systems open several Lucrative Avenues

The swift pace of urbanization in emerging economies and a large part of population moving to central business districts are notable factors catalyzing the demand for automated parking management systems. The demand is bolstered by the role of automated parking system in simplifying the administrative operations and in improving the surveillance and security of all types of vehicle in the parking arena. Moreover, advancements in anti-collision technologies are also boosting the market.

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The global automated parking management systems is likely to reap potentially lucrative gains from advances made in car parking management and monitoring technologies. This is evident especially in developed nations.

The market is garnering gains from the constant advances being made in automated parking systems. Rapid technological advances being made by sensors and neural networks are fueling the expansion of the market. The growing focus of governments, especially in several emerging economies, on smart city infrastructures is a notable factor fortifying the demand for automated parking management systems. The rise in number of financial districts in recent years, notably in Asia Pacific, has accentuated the overall market.

Barge Transportation Market by Manufacturers, Regions, Type and Application, Forecast To 2026

Barge is flat surfaced vessel that is used to transport cargo through waterways. Barges are tugged or toed by naval vessels in the water bodies. Furthermore, barges are generally utilized in water bodies such as rivers, canals, and lakes; however barge transportation is now extensively used at sea ports. Barge is a popular means for transportation adopted by large industries in order to transport their cargo.

The barge transportation market is estimated to expand at a significant pace during the forecast period due to rising import and export among countries. Barge transportation was a highly popular way of transportation until the invention of steam engines and the introduction of railways. Railway transportation hampered the barge transportation market as it was faster way of transportation; however, transportation of cargo through waterways, between different nations, coupled with high carrying capacity of barges has boosted the barge transportation market in the last few decades. Rising industrialization, globally, is likely to boost the barge transportation market during the forecast period.

The global barge transportation market can be segmented based on fleet, product, application, and region. Based on fleet, the covered barge segment is anticipated to hold a major share of the market, as popularity of the covered barge has been consistently increasing. The tank barge segment is estimated to witness significant expansion during the forecast period due to the rise in transportation of petrochemicals by barge.

Based on the product to be transported, the dry cargo segment is likely to hold a major share of the market, as other than oil and gas industry, most products are dry product, which is attributable for the large market share held by the dry cargo segment. The dry cargo segment is anticipated to maintain its dominance during the forecast period; however, liquid and gas cargo segments are likely to expand at a significant pace during the forecast period.

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In terms of application, the barge transportation market is segmented on the basis of major industries. Among all the industries, crude oil and coal industry segment is anticipated to hold a notable share of the market. It is anticipated to maintain its dominant position in the market during the forecast period due to rising industrialization, which consumes the byproduct of crude oil and coal industry as their fuel. Barge transportation has been one of the most important mode for the transportation of agricultural products, thus the agricultural segment is likely to expand at a significant growth rate during the forecast period.

In terms of region, North America is a leading market for barge transportation, followed by Asia Pacific. Barge transportation in North America is rising consistently due to a well-established network of waterways in the region including the major rivers such as Mississippi, Illinois, and Ohio. Government in the region is supporting to raise the fund for the development of the waterway transportation, thus boosting the barge transportation market.

Key players operating in the global barge transportation market include Kirby Corporation, Ingram Marine Group, neska Container Line B.V., SEACOR, and Campbell Transportation Company, Inc. Most key players are focusing on mergers and acquisitions in order to expand their business.

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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.

Reach Stacker Market 2020 Global Share, Trend, Segmentation And Forecast To 2030

According to the report, the global reach stacker market is projected to surpass US$ 600 Mn by 2030, expanding at a CAGR of ~4% during the forecast period. Rapid expansion of logistics and warehouse industries across the globe are likely to significantly propel the reach stacker market across the globe. Rise in seaborne trade practices across the globe is likely to increase the demand for material handling equipment, which is projected to boost the reach stacker market across the globe.

Increase in import and export of goods and commodities through seaports due to different free-trade agreements, such as TPSEP, NAFTA, and AFTA that have helped various countries significantly strengthen their economies, is anticipated to boost the reach stacker market. Various other systems are also incorporated in vehicles to guide them and arrange containers properly at their designated place, which, in turn, is likely to also fuel the reach stacker market across the globe.

Expansion of Reach Stacker Market

Surge in trade volume owing to rising bilateral trade among countries is projected to boost the reach stacker market during the forecast period. China witnessed an increase in both general trade volume and proportion, escalating to 15.66 trillion Yuan. China trade volume accounted for 56.4% of total foreign trade. Major trading partners of China are the U.S., the European Union, and ASEAN.

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Based on propulsion, the global reach stacker market has been segmented into internal combustion engine, electric, and hybrid. The internal combustion engine segment held a major market share of the global reach stacker market due to rise in the demand for heavy load lifting machines. Stringent rules and regulations for engine powered reach stackers are expected to propel the demand for electric reach stacker across the globe.

Based on application, the sea port/terminals segment accounted for a significant share of the global reach stacker market. Rise in investment toward upgrade of ports and maintenance of old facilities across the globe is likely to fuel the demand for reach stacker.

Regional Analysis of Reach Stacker Market

In terms of region, the global reach stacker market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific dominated the global reach stacker market in 2019. It is anticipated to hold a leading share during the forecast period, due to rise in transportation of goods and commodities across Asia Pacific. Followed by Asia Pacific, Europe also held a significant share of the global reach stacker market due to rapid expansion of logistics and warehouses industries across Europe, which witness a significant demand for reach stackers. Rise in the demand for electric and hybrid reach stackers due to enactment of stringent emission norms across Europe and Asia Pacific is anticipated to propel the reach stacker market in Asia Pacific and Europe.

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Key Players of Reach Stacker Market

Prominent players operating in the global reach stacker market include Cargotec Corporation, CVS Ferrari SpA, Dalian Forklift Co., Ltd., Hoist Material Handling, Inc., Hyster-Yale Group, Inc., Jay Equipment & Systems Pvt. Ltd., Konecranes, Liebherr Group, Linde Material Handling, Mitsubishi Forklift Trucks, SANY Group, Taylor Machine Works, Inc., Terex Corporation, Toyota Material Handling, and Anhui JAC International Co., Ltd, BOMAQ Industries SLU, Komatsu Ltd, and Task Forklift.

Collagen Market-By Source (Pig, Poultry, Cow, and Marine), By Product (Natural, Hydrolyzed and Gelatin), By Application (Cosmetics, Healthcare, Food and Beverage), and By Region-Forecast 2022-2031

SDKI Inc. published a new report on the collagen market on January 25, 2022.  This study includes the statistical and analytical approaches ...