Pet Dietary Supplement Market Incredible Possibilities, Growth Analysis and Forecast To 2027

Transparency Market Research delivers key insights on the global pet dietary supplement market. In terms of revenue, the pet dietary supplement market is estimated to expand at a CAGR of over 4.5% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the pet dietary supplement market report.

In the report, TMR predicts that the pet dietary supplement market would be largely driven by factors such as rising consumer shift toward pet humanization across the globe.

Pet Dietary Supplement Market: Segmentation

The pet segment includes dogs, cats, horses, and others in the pet dietary supplement market report. In terms of pet, the dogs segment dominated the market for pet dietary supplements across the globe, as dogs are considered the most popular pets globally. Demand for dietary supplements for dogs is anticipated to expand at a significant growth rate during the forecast period. Cats outnumber dogs as pets in various countries across the globe, as a household can manage more than one cat. The expenditure incurred on dietary supplements on dogs is relatively high as compared to cats. The pet dietary supplement market for horses and other pets, which include rabbits and hamsters, is projected to expand at a moderate growth rate during the forecast period.

In terms of supplement, glucosamine, multivitamins, omega 3 fatty acids, and probiotics and prebiotics witness high demand across the globe. Glucosamine is an amino sugar that is found naturally in the fluid around the joints to help build cartilage. In older dogs, it may relieve joint pain and improve mobility. Apart from glucosamine, omega 3 fatty acid is also one the preferred supplements for pets. Fish oil contains omega 3 fatty acids that are thought to improve coat quality and shine, and alleviate skin allergies. Fish oil can also reduce inflammation; hence, several pet owners use omega 3 fatty acids for this purpose.

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Based on application, joint health and skin & coat are major application areas where pet dietary supplement are most commonly used. These two segments account for the major share of the pet dietary supplement market. Glucosamine is believed to be an effective treatment for osteoarthritis by pet owners and veterinarians. Omega 3 fatty acids and fish oil supplements are majorly used in the treatment of skin & coat. These can improve coat quality and control itching issues in pets.

The pet dietary supplement market is highly fragmented. A large number of small, medium, and large companies operate in the market at global and domestic levels. Companies work on product innovation to increase their market reach.

Pet Dietary Supplement Market: Prominent Regions

North America and Europe hold major share of the pet dietary supplement market, due to rapid rise in the number of pet owners in prominent countries such as the U.S., the U.K., Canada, France, Germany, Italy, Spain, and various other European countries.

Demand in the Asia Pacific region is estimated to expand at a significant pace compared to other regions in the near future, due to rapid increase in awareness about pet care products, etc., in countries such as China, India, Japan, Australia, and New Zealand.

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The market in South America and Middle East & Africa is anticipated to grow at a moderate growth rate in the near future. Brazil and Argentina are anticipated to be the prominent markets for pet dietary supplements during the forecast period.

Major brands are likely to focus on expansion of production capacity and new product development to strengthen their footprints in the pet dietary supplement market. Companies are engaged in expanding their product portfolio and business through online distribution channels. Companies are working toward upgrading their existing products to increase profitability for sustainable growth of businesses.

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Fuel Card Market Overview by New Technology, Demand and Scope 2020 to 2027

According to a new market report published by Transparency Market Research on the global fuel card market for the forecast period of 2019–2027, the fuel card market is expected to reach a value of ~US$ 55 Bn by 2027.

Global Fuel Card Market: Overview

• The global fuel card market was valued at ~US$ 33 Bn in 2018, and is expected to expand at a CAGR of ~6% from 2019 to 2027. The market is expanding significantly in terms of size and value. The standard card technology segment is dominating the global fuel card market.
• The fuel card market in Asia Pacific is growing rapidly. Growing disposable income is driving people to opt for technologically-advanced cards to save on fuel expenses. Moreover, increasing of government initiatives in developing countries for the development of the corporate sector are driving the growth of the corporate fuel card market.
• Europe is the largest regional market in the global fuel card market, accounting for ~38% share of the global fuel card market in 2018. North America has the second-largest number of fuel card users, as a result of attractive offers by key companies and supportive government initiatives toward cashless transactions.

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Fuel Card Market: Driving Factors

• Rising demand for cashless fuel transactions in developing economies (as it is critical for fleets to monitor fuel purchases to control and manage fuel spending) is driving the fuel card market. Fuel cards offer good quality data on fuel purchases, which helps monitor individual vehicle and driver fuel economy, and apply operational strategies to enhance performance.
• Canada, Sweden, the U.K., France, and the U.S. are the top five cashless economies in the world. Cashless payments help reduce fuel theft via chip and pin cards, which is driving the demand for fuel cards, globally.
• The fleet management market is influenced by technology. The adoption of fleet management software in data management and analytics has been growing, which is expected to significantly boost the fuel card market.
• Rapid urbanization and industrialization in developing countries such as China, India, Mexico, South Africa, and Brazil is providing lucrative opportunities for the global fuel card market. Over the years, growth in the prepaid and contactless card industry has shaped the economies of several countries.

Fuel Card Market: Key Challenge

• Volatility in fuel prices is likely to be one of the major restraints of the fuel card market. As fuel prices are difficult to be projected, it is difficult to plan and budget for the same. Fuel prices are different across the globe; this is expected to have a huge negative impact on the growth of the fuel card market.

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Fuel Card Market: Competitive Landscape

• The fuel card market includes several players focused on the development of new products to cater to the market demand.
• The report includes the below-mentioned pointers of major players operating in the fuel card market:
  • Company Overview
  • Product Profiling
  • Market Share Analysis (2018)
  • Product Innovation

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Explosive Ordnance Disposal (EOD) Equipment Market Share, Growth, Statistics, Opportunities & Forecast to 2023

North America is predicted to lead the market with over 42% of the total share in revenue, due to region’s continuous preference given to law enforcement and defense activities. TMR predicts that global explosive ordnance disposal (EOD) equipment market will achieve avaluation of US$8 bn between 2015 and 2023, the forecast duration.  The market, which stood a US$5.74 bn in 2015, is thus expected to exhibit a 4.6% CAGR over the mentioned period.

The global market for explosive ordnance disposal equipment is predicted to witness a positive growth over the coming years. According to a report by Transparency Market Research (TMR), major industry players are indulging in strategic partnerships or mergers and acquisitions to upgrade their product offering and expand their sales. On account of the stronghold of established players such as iRobot Corporation, Scanna Msc Ltd., Safariland, LLC and Northrop Grumman Corporation, the competitive environment in the market is not exactly congenial for aspiring and new companies.

Since the year 2014, the defense segment has been the top consumer of explosive ordnance disposal equipment. In that year, the defense segment held nearly 78.5% of the revenue of the global EOD equipment market. This market share is anticipated rise further by the end of the forecast duration. A number emerging countries now focus on programs for modernization of their soldiers and strategies utilizing EOD bots, leading to higher demand of EOD equipment.  Defense applications employ EOD equipment in a number of warfare activities, especially urban warfare. This is attributed to the need for dealing with terror threats in these regions in an efficient and swift manner.

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On a geographical basis, North America is anticipated to demonstrate high demand for equipment such as portable X-ray systems, EOD robots, and explosive detectors. Each of these equipment holds a distinctive use that can offer invaluable foundation and utility to different law enforcement and military bodies. Portable X-ray systems, for instance, are designed to be used for detecting hidden explosives. Thus, they find application in places of large civilian population such as train stations, airports and subways in the North American region for thwarting dangers.

Defense Sector to Offer Lucrative Growth Opportunities

A number of defense sectors all over the globe utilize all kinds of EOD equipment for the detection, location and disposal explosives with minimum damage to nearby pedestrians and property.

The rising number of investments in explosive disposals along with the surge in technical advances in armor and containment have resulted in a rise in popularity of EOD equipment over the world.

While the defense segment is a dominant consumer of the EOD equipment market worldwide, the growing adoption of technically advanced equipment for law enforcement is slated to increase at a high rate. A number of developed regions such as the Western Europe and North America have introduced EOD equipment in a number of their state level and local agencies due to rising instances of terror threats.

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However, high costs and budget cuts are anticipated to act as a major constraint for the global explosive ordnance disposal equipment industry. The heavy investments made by the leading governments may be not utilized to their full potential, which may act as a growth restraining factor.

This review is based TMR’s report titled, “Explosive Ordnance Disposal (EOD) Equipment Market (Equipment – Portable X-Ray Systems, Projected Water Disrupts, Bomb Containment Chambers, EOD Suits and Blankets, EOD Robots, Explosive Detectors, Search Mirrors and Others ; Application – Defense and Law Enforcement) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024.”

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Solid State and Polymer Battery Market Development Factors, Latest Opportunities and Forecast 2025

Solid state battery is an advanced type of battery which uses solid electrolytes along with solid electrodes instead of the liquid electrolytes and polymer electrolytes found in traditional lithium ion and lithium polymer batteries. The solid state and polymer batteries offers several advantages over the tradition liquid or electrolyte batteries which mainly includes improved battery life, increased power delivery per unit weight, high conductivity of the electrolytes, and some others. Although, solid state batteries are finding increased applications in hybrid automotive and unmanned aerial vehicles, these batteries are analyzed to be in introduction phase for applications in consumer electronics such as smartphones and smart wearable and are anticipated to capture the market during the latter half of the forecast period.

Market Dynamics: Global Solid State and Polymer Battery Market

The Solid State and polymer battery market is primarily driven by the increased adoption in hybrid vehicles or electric vehicles, and unmanned aerial vehicles majorly in developed European countries such as Germany, France, and Poland, and also in the United States of America and Canada. Moreover, Solid State batteries offers a compact form factor and can be can be made thinner, flexible, and delivers more energy per unit weight as compared to the conventional Li-ion counterparts. Moreover, Solid State batteries does not incorporate the liquid electrolytes which opens doors in applications demanding high safety, and long lasting battery life.

Market Segmentation: Global Solid State and Polymer Battery Market

The global Solid State and polymer battery market has been segmented based on cell type, type of electrolyte, end-use industry, and region. Based on cell type, the Solid State and polymer battery market can be classified into thin film Solid State and polymer battery, and bulk Solid State and polymer battery. Based on type of electrolyte, the Solid State and polymer battery market can be segmented into Argyrodite, Garnet, Li-halides, Li-hydrides, NASICON-like, Perovskite, and others. Based on end-use industry, the market can be segmented into IT and Telecommunication, automotive, defense and aerospace, consumer electronics, and others. In terms of region, the global Solid State and polymer battery market can be segregated into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

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Preliminary Analysis

Asia Pacific and Europe are anticipated to dominate the global Solid State and polymer battery market due to the presence of leading Solid State and polymer battery manufacturers, in these regions. Moreover, increased adoption of hybrid automobiles and initiatives taken by governments towards adoption of clean energy sources are anticipated to be silent factors supplementing the growth of Solid State and polymer battery market in Europe and North America.

The market in Asia Pacific is anticipated to expand at a prominent pace owing to development of end-use industries such as, automotive, and healthcare, in emerging economies such as India, Australia and China, in the region. Moreover, amongst the type segment of Solid State and polymer battery market, the thin film battery segment is anticipated to witness prominent growth during the forecast period.

Prominent Market Players

Key players operating in the global Solid State and polymer battery market include 24m Technologies, Blue Solutions, EMPA, FlashCharge Batteries LLC., Hitachi Zosen Corporation, Ilika plc, Johnson Battery Technologies, Inc., KalpTree Energy, Planar Energy, PolyPlus Battery Company, Prieto Battery Inc., Sakti, QuantumScape, Seeo, Inc., Solid Power, SolidEnergy Systems, and some others. These players are actively focusing on organic and inorganic growth strategies in order to gain a competitive advantage in the market.

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Some of the important strategies adopted by the leading players in the global market are collaborations, partnerships, agreements, and new product launches. The report provides an in-depth analysis about the strategic business activities along with the market dynamics shaping the global Solid State and Polymer Battery market over the period of study.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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LED Secondary Optic Market Survey Report 2021 Along with Statistics, Forecasts till 2025

LED secondary optics are mainly those optics that does exist outside of LED package, like fresnel lenses, reflector cavities, and the pillow lenses. LED secondary optic is actually being used for the purpose of creating the preferred appearance and the light beam pattern of the LED signal lamp. The demand of the LED secondary optic is likely to be driven by the higher adoption of the smart and wireless LED in residential and commercial sector.

Increasing demand of large diameter wafers and migration towards the sapphire substrate is one of the major growth driver for the LED secondary optic market. In addition, the growing emergence of street lighting in smart cities is also the key factor anticipated to catalyse the growing demand of different LED secondary optics during the forecast period. In addition to that rapidly falling cost of the LED lighting and improved efficiency of the LED is also anticipated to increase the demand of LED secondary optics in the upcoming years. This is also projected to affect the market of LED secondary optics in a positive manner during the forecast period.

In spite of many driving factors, the LED secondary optic market is anticipated to show a shrink and fluctuation in growth rate because of continuously declining price of LED. Multi shadow phenomenon during lighting and scattered surrounding light towards the edges of surface are restraining factors for the LED secondary optics. The growing demand for LED secondary optics is going to create a significant opportunity in the optic market due to factors like higher luminous efficiency, smaller size, low heat radiation and long life time during the forecast period.

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The LED secondary optic market has been segmented on the basis of type, applications and geography. Based on the types, the market has been segmented mainly into two types such as LED secondary lens and reflector. By applications, LED secondary optic market is segmented into indoor lighting, street lighting, architectural lighting, commercial lighting, automotive lighting and others. In all the applications, the indoor lighting held the largest market share because of its features like wireless connectivity and getting controlled through phones or desktops. However, commercial lighting and street lighting is projected to achieve exponential growth during the forecast period. Gesture controlled operations and accurate LED dimming control is likely to make secondary LED optic is the most favoured choice among various end user applications.

Geographically, the global LED secondary optic market is classified into North America, Europe, Asia Pacific, Middle East & Africa and South America. Further, the global LED secondary optic market is mainly driven by the Asia Pacific region. Continuously growing spending in smart indoor and outdoor lighting in countries like China, Japan among the others is driving the market in Asia Pacific region.

Rapidly growing demand of modular lighting for the LED luminaries is predicted to fasten the demand of secondary LED optics, thereby expected to drive the LED secondary optic market rapidly. This region is expected to maintain the highest CAGR in the market during the forecast period. Although, in terms of market share North America will remain on top because of presence of higher number of LED manufacturers which includes manufactures of traditional and smart lighting.

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Some of the leading players operating in the LED secondary optic market includes Ledlink Optics, Auer Lighting, Carclo Optics, FRAEN Corporation, LEDIL Oy, Bicom Optics, GAGGIONE,Aether systems Inc Osram, Darkoo Optics,Philips Lighting, Cree Inc., Nanoleaf, Panasonic, GE Lighting  , Ilumi  and Samsung  among others.

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LED Packaging Market Global Study Focus on Top Companies and Crucial Drivers

The LED technology caught the attention of the lighting industry by providing compact and efficient lighting systems with power-saving technologies and improved performance to a diverse group of customers. Therefore, manufacturers concentrate on LED architecture for the appropriate LED packaging and final product viability. The LED packaging design process specifically influenced variables such as temperature-controlled system, wavelength adjustment, luminescence efficiency, life cycle, and others, which lowered the total running costs.

Hence, there is growing demand of LED solutions due to the developments in the LED packaging technologies of power LED chips. The major drivers of market growth include the growing demand for high-performance LED packaging for lighting application, the demand for LED packaging on the display panel market and the policy initiatives and regulations for adopting energy-efficient LEDs. The market value chain covers the R&D operation, the manufacturing of original equipment, integration systems, marketing and sales, as well as post-sales support.

LED Packaging Market: Dynamics

Growing Residential Segment demand to boost the industry

The outlook for the residential & departmental sector has been largely positive, guided by a change in market demand for energy-efficient lighting, including LEDs. In fact, the latest policies and rising customer awareness are projected to have a major effect on the LED Packaging Market.

The growing popularity of LEDs will also contribute to the introduction of intelligent lighting (connected lighting) systems in industries. As, the versatility of the LEDs, the powered devices are more likely to benefit from the use of LEDs than conventional light sources in terms of colour variability and brightness.

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In many applications, LEDs are used, including general lighting, vehicle illumination and backlighting. Owing to the growth of residential and industrial lighting applications, LED packaging in the general lighting applications are projected to have the largest market size. The potential for large-scale energy saving is the main growth driver in LEDs for general lighting uses.

In view of the increasing demand for LEDs for different industrial applications such as manufacturer bay areas, Assembly unit areas and other processing areas, the market for industrial lighting applications is expected to be rising at the highest rate and will drive the market for LED packaging.

Asian-Pacific lighting systems are currently undergoing a major transition, as LED lighting systems are being introduced by companies in this area in industry because of their improved performance. This will boost the market for LED Packaging market. In the last five years, China has steadily reduced the export of radiant light bulbs. This means more modern and efficient technologies will quickly overtake obsolete technology. So, advancement in LED packaging market will also see a vital growth.

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A good response was given to the initiative of the Indian government to introduce cost-effective LEDs across end users. The country is about to substitute for normal LED packaging and introduce smart LEDs for road signals for all street lamps. This move is expected to increase local LED manufacturers’ demand, leading to the growth of the LED packaging industry.

New manufacturers are coming into production because of the growing demand for advanced LED lighting system from customers. There is, therefore, a growing demand for LED packaging in the region.

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Recessed Lighting Market To Witness the Highest Growth Globally in Coming Years 2021-2025

Recessed light or down light is a light feature that is placed into a hollow opening in the roof. When fitted it appears like a light is shining from a hole in the ceiling, focusing the light in a downward path as a narrow spotlight or broad spotlight. Recessed light is the most flexible form of light for both commercial buildings and residential. Recessed lights are available in a number of different sizes or diameters, fluctuating from two to six inches. ‘6 inch’ large recessed lighting is most commonly in both residential and commercial construction than that of smaller sizes.

One of the major driver for recessed lighting market is by rising construction area along with improved appealing and engineering benefits. The growing real-estate market enhances the market for recessed lightings that are used widely in residential areas, hotels, showrooms, and offices. Additionally the availability of colors, variety and flexibility of installing recessed lighting make it more interior friendly is one of the drivers of recessed lighting market. Recessed lighting offers the benefits of being an unseen and energy efficient light source.

Further, there are several restraints to the recessed lighting market. These lightings are difficult to install, moisture problem, and not at all portable. Recessed lights are permanently fixed, it cannot take fit in different place or home as compare to other lighting fixtures are changeable. Additional types of ceiling lights, such as track lighting, allow to change the location of light bulbs as required. If there is need for adaptable lighting then they have to buy particularly designed recessed lights that allow spinning and rotation resulting in increased price of light.

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Another possible problem of recessed light installation is moistness leakage. For a case, recessed lights is installed in an area of high humidity such as a bathroom with a shower wetness can arrive into the ceiling places, leading to decay improvement and other difficulties. Another drawback is that for fitting a sequence of recessed lights likely will require cutting holes in roof in various places. Also, running wiring from light to light across your ceiling might require more holes. Therefore recessed lighting is difficult to install and installation cost will be high.

The recessed lighting market can be segmented by components, by frame type, by application and by region. By component, the market can be segmented as housing, bulb, and trim. By housing, the market can further segmented as new construction, remodel, insulation contact rated, air tight, sloped ceiling, and low profile. By trim style, the market can segmented as adjustable trim, baffle trim, glass trim, pinhole trim, reflector trim, shower trim, square trim, and wall washer trim. By frame type, can be segmented as steel, aluminum, plastic, and others.

According to the application, the recessed lighting market segment can be bifurcated as Residential, Commercial and others. In addition to that, the recessed lighting systems market can be considered according to regional divisions such as North America, Europe, Asia Pacific, Middle East & Africa and South America. Additionally, the wireless display market are having highest growth rate in Asia Pacific region. Application such as Automotive, Transportation and Industrial are growing wireless display market in Asia pacific region.

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Many players are involved in the recessed lighting market with wider solution portfolio. Some of the key players in the recessed lighting market are Philips Lighting Holding B.V., Elegant Lighting Inc., Halo Commercial, Globe Electric, Cree Inc., Osram GmbH, Acuity Brands Lighting Inc., Eterna Lighting Ltd., General Electric Company, Herbert Waldmann GmbH & Co. KG amongst others. Most of the wireless display market providers are headquarter in North America region.

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