Microgrid-as-a-Service Market Size Survey by 2020-2027

Transparency Market Research delivers key insights on the global microgrid-as-a-service (MaaS) market. In terms of revenue, the global microgrid-as-a-service market is estimated to expand at a CAGR of ~14% during the forecast period, owing to numerous factors, regarding which, TMR offers thorough insights and forecasts in its report on the global microgrid-as-a-service market.

Microgrid-as-a-service is a cloud-based microgrid control solution that allows a third party to utilize the benefits of microgrids, without hassles related to development, operations, and upfront costs. Microgrid-as-a-service (MaaS) comprises software; design and engineering packages; and operations and maintenance support, which are all delivered from a hosted environment. Microgrid-as-a-service systems are designed for use in different sectors, including government, utilities, and industrial and commercial facilities, with advanced monitoring, control, and optimization of distributed energy at an affordable cost. The use of a microgrid-as-a-service system eliminates the hassle of maintaining on-site IT infrastructure. In addition, microgrid-as-a-service offers significant advantages such as improved scalability, dynamic monitoring, and energy efficiency.

Power grid systems have witnessed significant technological advancements over the last few years. Owing to the usage of renewable energy sources, microgrid-as-a-service offers cost-effective electricity and helps in reducing the financial losses caused by electricity outages. The demand for microgrid-as-a-service is increasing rapidly in different industrial verticals as well as remote areas. This is primarily due to the declining costs of distributed energy resources and significant features of microgrid-as-a-service, such as high reliability, smart grid integration, low cost, and energy efficiency.

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Additionally, microgrid-as-a-service facilitates autonomous working. This ensures access to electricity for consumers residing in remote locations. The above-mentioned advantages provided by microgrid-as-a-service over traditional grids are boosting the demand for microgrid-as-a-service. This, in turn, is likely to fuel the global MaaS market during the forecast period.

However, the global power industry witnesses shortage of skilled labor, which is affecting the demand for smart grid systems. According to the U.S. Department of Energy (DoE), the smart grid & electric utility industry in the country would need 105,000 new workers by 2030, but it expects that only 25,000 existing industry personnel are interested in filling those positions.

Global Microgrid-as-a-Service Market: Prominent Regions

North America is the dominant region of the global microgrid-as-a-service market. It is anticipated to continue its dominance in the global microgrid-as-a-service market throughout the forecast period. This can be attributed to increasing adoption of microgrids and high investments in microgrid infrastructure in the region. The microgrid-as-a-service market in Asia Pacific is expected to witness prominent growth in the near future, owing to the rising demand for uninterrupted and reliable power supply in the region. The microgrid-as-a-service markets in the Middle East and South America are expected to witness moderate growth in the near future.

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Key players operating in the global microgrid-as-a-service market are displaying synergies through close cooperation and collaborations in the areas of sales, marketing, and production. Manufacturers are also expanding through organic methods, such as increasing their production capacities, in order to meet the rising demand.

Global Microgrid-as-a-service Market: Key Players

Key players operating in the global microgrid-as-a-service market are Green Energy Corp., Schneider Electric, ENGIE, Spirae, LLC, Aggreko, ABB, General Electric, Eaton, Tech Mahindra, and Siemens AG.

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Body Armor Market Forecast Analysis by 2020-2027

According to a new research report published by Transparency Market Research the global body armor market is expected to reach value of more than US$ 3,200 Mn by 2027, expanding at a CAGR of around 4% from 2019 to 2027. According to the report, the global body armor market is likely to continue to be influenced by a range of macroeconomic and market-specific factors in the next few years. In terms of demand, North America is projected to continue to be a prominent region in the global body armor market, with the market in the region expanding at a CAGR of more than 4% between 2019 and 2027.

Global Body Armor Market: Overview

• The global body armor market is expected to be driven by the rising demand for technologically-advanced and light body armors, especially in countries that are consistently modernizing their defense systems.
• Rise in terror threats around the world has also led to the adoption of body armors in the defense forces of several countries, in an attempt to protect their military personnel.

Level IV Segment Prominent in the Global Body Armor Market

• Level-IV body armors provide protection from .30 caliber armor-piercing (AP) bullets (U.S. military designation M2 AP), having nominal mass of 10.8 g (166 gr), impacting at a minimum velocity of 869 m/s (2850 ft./s) or less. They also provide at least single-hit protection from Level I, Level II-A, Level II, and Level III attacks.
• Factors such as the implementation of Soldier Modernization Programs and replacement of obsolete body armors with advanced variants are driving the Level IV segment in the body armor market.

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Composite Ceramics a Highly Lucrative Material Segment of the Global Body Armor Market

• Ceramics used in combination with polyethylene-based materials are capable of offering Level IV protection and repelling armor piercing ammunition.
• The composite ceramics segment held a 47.55% share of the global body armor market, in terms of revenue, in 2018.
• The demand for composite ceramic body armors is expected to remain high throughout the forecast period, as they are extensively used for military purposes.

Defense Segment to Dominate the Global Body Armor Market

• The defense segment accounted for a leading share of the global body armor market in 2018, and it is anticipated to expand at a high CAGR during the forecast period.
• The increasing demand for providing defense suits with enhanced ballistic- and stab-resistance for soldiers is one of the primary factors fueling the defense segment in the body armor market.

North America to be a Highly Lucrative Market for Body Armor

• In terms of geography, the global body armor market has been segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America. North America dominated the global market, holding 43.5% of the market share in 2018. The body armor market in the region is expected to expand at a high CAGR during the forecast period.
• In North America, the U.S. is anticipated to be a major market for body armor. The continuous procurement of latest and highly-advanced body armors by military organizations in the U.S. is likely to drive the body armor market in the country during the forecast period.
• Increasing incidences of handgun crimes are also expected to drive the body armor market in North America.

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Body Armor Market: Competition Landscape

• With the objective of business expansion, several players operating in the global body armor market are expanding their offerings through investments in new product development. An increasing number of players are spending significantly on R&D activities to develop technologically-advanced and lightweight body armors.
• Some of the prominent players operating in the global body armor market are Point Blank Enterprises, Inc., BAE Systems, Inc., Australian Defence Apparel Pty Ltd, ArmorSource LLC, Survitec Group Limited, Sarkar Defense Solution, MKU Pvt. Ltd., KDH Defense Systems, Inc., Safariland, LLC., U.S. Armor Corporation, Du Pont (E.I.) De Nemours., and Honeywell International Inc.

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Industrial Agitator Market Overview Report by 2020-2027

According to a new market report published by Transparency Market Research  titled ‘Industrial Agitator Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027, the global industrial agitator market is expected to reach US$ 2,324.9 Mn by 2027, expanding at a CAGR of 4.1% from 2019 to 2027. In terms of volume, the global industrial agitator market is expected to reach 424.8 ‘000 units by 2027, expanding at a CAGR of 3.9% during the forecast period. Based on region, the global market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America.

North America is the second-largest market for industrial agitator in the world. Various end-use industries, ranging from oil, gas and petrochemical to water and wastewater treatment, utilize industrial agitators for mixing purposes. In North America, the U.S. is a prominent market for industrial agitator, followed by Canada. The U.S. is a major producers of natural gas, including shale gas, in the world. As per the U.S. Energy Information Administration (EIA), in December 2018, the U.S. produced about 65 billion cubic feet per day (Bcf/d) of natural gas (shale gas and tight oil), which is about 70.0% of total U.S. natural gas production.

Furthermore, in December 2018, the country produced about seven million barrels per day (b/d) of crude oil, which is 60.0% of the total U.S. oil production. Compared to production a decade ago, in December 2008, natural gas (shale gas and tight oil) accounted for 16% of total U.S. gas production and about 12% of U.S. total crude oil production. Thus, a rise in the demand for shale gas across the U.S. is boosting the demand for industrial agitators across North America.

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Europe is the third-largest market for industrial agitator in the world. Among the various end-use industries that use industrial agitators across Europe, food & beverage is a prominent end-user. The food & beverage industry is a prominent manufacturing industry in Europe, in terms of gross value added to the economy and number of people employed. Germany, the U.K., and France are major markets for industrial agitator in Europe. In terms of value addition by the food & beverage sector, Germany is a notable market in Europe. Therefore, a rise in the demand for food & beverage products is driving the production of food & beverage, which is subsequently propelling the demand for industrial agitators in Germany.

Asia Pacific is a significant market for industrial agitator in the world. In Asia Pacific, China is a major market for industrial agitator, followed by Japan and India. As per the CEFIC (European Chemical Industry Council), China increased its share of global chemical sales from 14.8% in 2007 to 37.2% in 2017. Both South Korea and India increased their share of global chemical sales from 3.3% and 2.1% in 2007, respectively, to 3.5% and 2.9% in 2017, respectively. On the other hand, the share held by Japan of the global chemical sales declined from 6.8% in 2007 to 4.4% in 2017. Therefore, a rise in the demand for chemicals across the countries in Asia Pacific is propelling the demand for industrial agitators in the region.

Middle East & Africa (MEA) is a relatively minor market for industrial agitator in the world. GCC (Gulf Cooperation Council) countries, which include the United Arab Emirates (UAE), Saudi Arabia, Qatar, Oman, Kuwait, and Bahrain, is a prominent market for industrial agitator in the region. South Africa is the second-largest market in MEA.

South America is the fourth-largest market for industrial agitator in the world. Brazil is a prominent market for industrial agitator in South America. Expansion of oil & gas industry in Brazil is driving the demand for industrial agitators in Brazil.

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The study provides a conclusive view of the global industrial agitator market by segmenting it in terms of product type and end-use industry. In terms of product type, the global industrial agitator market has been classified into top-mounted vertical/ top-entry, side entry/ side-mounted horizontal, static mixer, bottom entry and portable. In terms of end-use industry, the global industrial agitator market has been divided into water and wastewater treatment, food & beverage, chemical, oil, gas and petrochemical, pharmaceutical, and others.

The report highlights major companies operating in the global industrial agitator market, which include Sulzer Ltd, Ekato Group, Philadelphia Mixing Solutions, Ltd., Xylem, Inc., Tacmina Corporation, Mixel Agitators, Dynamix Agitators Inc., Silverson Machines Ltd., SPX FLOW, Inc., and Fluid Kotthoff GmbH.

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Logistics Market Information, Figures and Analytical Insights 2020– 2027

The global logistics market is a highly competitive one, as reported by Transparency Market Research (TMR). The vendors in the global logistics market are expected to adopt several organic as well as inorganic growth strategies in order to gain momentum in the industry. Among these, leveraging the latest technological innovations is a popular scheme amongst logistics market players.

The global logistics market is projected to rise at a 4.5% CAGR over the forecast period 2019 to 2027. The market was estimated to reach a value of US$ 15,273.21 Bn by 2027 according to TMR analysts.

Logistics market has been considerably impacted by the introduction and use of new technologies. Some of new technologies in logistics market are global positioning system (GPS), order entry systems, warehouse management systems, dispatching communication system, the Internet of Things, automated transportation and similar futuristic innovations, and transportation management system (TMS) among others.

Asia Pacific logistics market is expected to grow rapidly over the forecast period. The study shows that, because of the development of the retail sector in e-Commerce, which is currently driving the logistics market, the worldwide logistics industry is expanding rapidly. A comparable trend is expected during the forecast period.

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E-commerce plays very crucial role in offering freight customers new options to support their economic growth. E-commerce is anticipated to persist as the major driver of growth in the transportation industry. According to, FedEx CEO, Henry Maier, owing to e-commerce logistics, the shipments and sales went up by more than a 100%. The prolonged growth through e-commerce will be significant for all freight and retail companies.

Rising internet-based retailing is boosting the growth of the logistics market. Exponentially proliferating online shopping across global market is behaving as major driver of the logistic market. Moreover, hassle free shopping and home delivery options are supporting the market currently. Further, short time consignment delivery, after sales support and services are fueling the internet retail market. Knowing the fact, online retailer should provide good logistics services to form and maintain good and satisfactory relationships with the customers. The growth in internet retail market is thus driving the logistics market at present and similar trend is anticipated to be witnessed over the forecast period.

Outsourcing to be Key Market Trend

Growing usage of logistics services outsourced in the region has led to market growth. Growing imports and exports, together with the enormous demand for logistics services, are driving producers to trade worldwide as a result of economic growth and urbanization. The logistics infrastructure is improved to satisfy the requirement of additional logistics characteristics using the IT to ensure smooth data flows from one source to the next. This factor augments demand in the global logistics market to a great extent.

Automation Will Changing the Logistics Industry

Adoption of autorotation and robotic delivery system across warehousing is very common these days. Robots are preferred for flawless and efficient loading, unloading, and delivery for the materials or finished goods. Robots implementations has witnessed increased output. Knowing the facts, companies are investing in such industrial robots. For instance, Amazon has introduced Kiva robots. Besides material and goods handling, robots are also helping companies packaging and transportation of items and supporting enterprises to automate the processes and enhance the business operations.

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In the current market, over 80% of warehouses are manually operated. Warehouse robotic automation is expected to create great opportunity in near future. Thus the global logistics market is expected to witness significant revenue opportunity in near future. Leading players in the logistics market are J.B. Hunt Transport Services, Ceva Holdings LLC, Expeditors International of Washington Inc., C.H. Robinson Worldwide, Inc., and Americold Logistics, among others.

The study presented here is based on a report by Transparency Market Research (TMR) titled, “Logistics Market (Type of Transport – Road, Waterways, Rail, Air; Application – Industrial and Manufacturing, Retail, Healthcare, Media and Entertainment, Military, Oil and Gas, Food and Beverages; Customer Type – B2B, B2C; Logistics Model – First Party Logistics, Second Party Logistics, Third Party Logistics, Fourth Party Logistics) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 – 2027.” 

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Air Barrier Market Scenario with New Product Developments by 2030

An air barrier serves to keep air fresh and free from impurities. These air barriers are constructed according to the size of impurities desired to be removed, from large dust particles to microorganisms. Polyethylene foam is a commonly used air barrier that can be installed simply but innovations in this field have led to the development of advanced air filters that can remove the smallest of undesired particles while keeping the other components of air intact.

Today's world has an increased demand for air barriers. Not only are they required to keep out ever increasing air pollution, but also to bridge over potential contaminants. The current COVID-19 pandemic has been testament to this fact. Enclosed spaces are kept free of this contagion by viral filtering systems. Demand in the air barrier market has thus seen astronomical growth since the start of this year. This trend should keep growth steady in the aftermath of this pandemic, and spanning the forecast period of 2020 to 2030, as per TMR.

Global Air Barrier Market: Competitive Landscape

A number of manufacturers have come up in the air barrier market to make profits from this current boost in demand. This makes the market scenario fragmented. A few of these players are:

• RPM International Inc.
• Carlisle Companies Incorporated
• SIKA AG
• Henry Company
• GCP Applied Technologies Inc.
• The 3M Company
• DuPont de Nemours, Inc.
• BASF SE
• Dow Inc.
• Polyguard Products Inc.
• Prosoco Inc.

These players are expected to increase market production by acquisition of smaller production facilities and increasing market outreach by advertisements and bringing verbal awareness among people. Industrial settings with indoor work arenas are expected to be their major targets.

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Global Air Barrier Market: Key Trends and Drivers

• Air pollution is one of the world’s leading risk factors for death, attributed to 5 million deaths each year. As global industries rise to cater to increasing demands for their products globally, the usage of synthetic chemicals and other unregulated manufacturing processes should increase this form of pollution to higher levels. Already, various industrial and urban areas around the world are reporting unbelievable levels of air pollution. The individual can do little but protect himself and his personal space from this onslaught, which is how demand for the air barrier market is expected to increase in the future.
• COVID-19 virus is a respiratory virus that is transmitted through air. Apart from keeping oneself safe by applying masks over the respiratory orifices, people wish to protect themselves in enclosed spaces where risk of infection from this virus is increased manifold. Air barriers play a vital role here in filtering out viral particles and reducing the need for personal protective equipment. Even as this virus settles down in the future, demand in the air barrier market is set to remain high.

Global Air Barrier Market: Regional Analysis

North America and Europe are projected to remain the largest and fastest-growing markets for air barriers in the future. USA and Canada have been growth engines of the North American market driven by an extremely cold climate, stringent regulations, rapid urbanization, and increased awareness towards energy-efficient and economical green buildings. A hindrance to this market could come in the form of reducing levels of regional pollution as industrial output is outsourced to other regions of the world.

The Asia Pacific region (APAC) is expected to register steady growth in this market in the coming years. This can be attributed to the presence of a robust industrial base that is making this region the workshop of the world. As regional pollution rises, air barriers will become indispensable in these areas. Awareness about personal care is increasing among people, and as COVID-19 has hit these areas quite badly these two factors shall combine together to boost growth for this market even in the future.

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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.

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Vertical Lift Module Market Scenario with New Product Developments by 2027

Transparency Market Research delivers key insights on the global vertical lift module market. In terms of value, the global vertical lift module market is estimated to expand at a CAGR of ~9% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global vertical lift module market report.

In the report, TMR predicts that the global vertical lift module market would be largely driven by increasing installation of automated storage & retrieval systems, evolution in e-Commerce & logistics industry, etc., which are expected to boost the market during the forecast period.

According to the vertical lift module market report, the type segment has been divided into temperature controlled/refrigerated and non-refrigerated. In terms of configuration, the vertical lift module market has been divided into internal bay (single and dual) and external bay (single and dual).

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In terms of maximum load capacity, the vertical lift module market has been classified into below 20 ton, 20 ton to 40 ton, and above 40 ton. Based on end-use industry, the global vertical lift module market has been categorized into metals & machinery, automotive, food & beverages, electronics, logistics, healthcare, retail, and others. As per application, the global vertical lift module market has been segmented into wave picking, batch picking, consolidation, sorting, replenishment, and others.

The growth of healthcare, pharmaceuticals, and electrical/electronic industries is driving the demand for vertical lift modules. In recent years, rapid increase in the installation of vertical lift module systems in retail and food & beverages companies, and hospitals for picking and handling of products is projected to fuel the demand for vertical lift modules. The growing retail industry across the globe prompts an increase in installation of warehouses to better manage multiple locations and regions for efficient and optimized logistics.

Vertical Lift Module Market: Prominent Regions

Asia Pacific was the dominant and fastest growing market for vertical lift modules in the year 2019. China, India, Japan, and Korea are major markets for vertical lift modules in Asia Pacific and are responsible for the growth of the vertical lift module market in the region in recent years. The significant demand for warehouse management coupled with increasing number of WMS providers in the region is expected to drive the growth of the vertical lift module market.

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Industrial Fasteners Market New Developments with Emerging Opportunities

According to a new market report published by Transparency Market Research titled “Industrial Fasteners Market (Commodity – Bolts, Nuts, Screws, Washers, Rivets, Others; Application – Automotive OEM, Machinery OEM, Fabricated Metal Products, Construction, Others) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 - 2026,” the global industrial fasteners market is expected to reach a value of US$ 104.94 Bn by 2026. In terms of value, the market is estimated to expand at a CAGR of 2.2% during the forecast period from 2018 to 2026.

In terms of volume, the market stood at around 26.7 million metric ton in 2017. The Asia Pacific industrial fasteners market is projected to have the highest growth during the forecast period in terms of value (US$ Mn). The market witnessed considerable growth in this region due to increased growth in construction, automotive, and manufacturing industries, leading to positive growth in the industrial fasteners market.

The industrial fasteners market is influenced by market dynamics with the prime driving factor of increasing fasteners demand from the construction industry. In terms of commodity, the screws segment is anticipated to gain the largest share with total value of US$ 21.30 Bn by 2026 at a CAGR of 1.6% annually. In terms of application, the global figures for automotive OEM segment are anticipated to be valued at US$ 30.67 Bn by 2026 at a CAGR of 2.6%.

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However, fluctuating prices of raw materials such as steel, copper, and aluminum have impacted the margins of manufacturers and is one of the major challenges restraining the growth of the industrial fasteners market.

The bolt and nut segment is expected to expand at a CAGR of 2.6% and 2.9% respectively in terms of value over the forecast period due to their increasing applications in the automotive and construction industry. Furthermore, growing manufacturing of medium commercial vehicles, light commercial vehicles, heavy earth moving equipment, textile machinery, machine tools, aircrafts, and utility vehicles have led to the enhanced growth of the fasteners as their sub or main assembly part.

The market for industrial fasteners is fragmented in nature and is characterized by large competition with small and large players in the industry competing to maintain their respective positions. High tensile fasteners are majorly utilized in engineering applications which include industrial, automotive, and various other sectors.

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