Corded Power Tools Market Segments, Value Chain and Key Trends 2026

Corded power tools are used to manufacture and create products with ease and convenience. These tools help perform several tasks such as drilling, routing, buffing, leveling, screw driving, chiseling, and sanding. Power tools help save operation time. They offer better efficiency, as compared to hand tools. There are primarily three main types of power tools: electric power tools, engine drive power tools, and pneumatic power tools. Corded power tools are utilized particularly in residential applications and industrial or commercial applications such as the construction industry.

They are also employed in various industries such as infrastructure, woodworking, construction, automotive, electrical, and electronics. Several industries also demand for custom-built power tools in order to achieve expected output. Corded power tools are used in the manufacture of equipment parts in industries such as construction. Rise in construction activities and improved economic conditions in several regions are expected to boost the corded power tools market.

Rising awareness about using corded power tools as a part of the expanding construction industry is expected to be a key factor driving the corded power tools market. Corded power tools are convenient to use, easy to handle, helpful for significant number of end-user applications, and available in compact sizes. Moreover, growing urbanization, industrialization, and its major roles such as maintenance and construction designs, is expected to propel the corded power tool market.

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Wireless power tools need to be charged periodically; hence, corded power tools are more convenient and mostly preferred by professionals and consumers. Additionally, rise in DIY trend is expected to drive the corded power tools market during the forecast period. However, increasing usage of cordless power tools is projected to hamper the global corded power tools market. Nevertheless, introduction of new designs with fewer vibrations, preferred by consumers, is expected to create significant opportunities for the global corded power tools market. Moreover, the rate of adoption of wireless power tools is sluggish due to increasing battery issues. Furthermore, the high prices of Li-ion batteries is expected to restrain the wireless power tools market. These factors are expected to create opportunities for the corded power tools market.

The global corded power tools market can be segment based on product type, application, end-user industry, and region. Based on product type, the market can be classified into saws, lawnmower, angle grinder, hammer drill, and others. In terms of application, the market can be divided into in-house or household application, construction field, industry field, gardening field, and others. Based on end-user industry, the market can be categorized into construction, aerospace industry, shipbuilding, oil & gas, automotive, and electronics. Based on region, the global corded power tools market can be segregated into North America (The U.S., Canada, and Mexico), Europe (Germany, U.K., France, Italy, and Russia), Asia Pacific (China, India, Japan, South Korea, Australia, Malaysia, Philippines, Vietnam, Indonesia, Thailand, and others), Middle East & Africa (GCC and South Africa), and South America.

Major players operating in the global corded power tools market include Stanley Black & Decker, KEN, Bosch, Jiangsu Jinding, TTI, Positec Group, Makita, Zhejiang Crown, Hitachi Koki, C. & E. Fein, Hilti, Dongcheng, Metabo, Apex Tool Group, Snap-on Incorporated, DEVON (Chevron Group), Festool, Harbor Freight Tools, Atlas Copco AB, Techtronic Industries, Mafell, Hilti, Illinois Tool Works, Danaher, Andreas Stihl, and TTS Tool Technic Systems. Increasing competition in the market is prompting top companies to focus on manufacturing new structured innovative products with sustainable features and expand their production and research facilities in order to strengthen their presence in the global corded power tools market.

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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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Big Data in Oil and Gas Market Opportunities | Impact and Precise Outlook 2026

To prevent any big or small damage to manufacturing units, or associated resources, companies are relying on data. This in turn avoids any incurring loss in monetary terms or lives. Data, apart from providing future growth insights of a particular company, also helps in improving operations of equipment. This technique is influencing the oil and gas industry majorly. Further, the collected data is assisting in the growth of industry.

The need of generation of data and further requirement to integrate and interpret the data is fuelling the growth of the big data oil and gas market. As per report published by Transparency Market Research, the big data in the oil and gas market is likely to rise at a lucrative CAGR of 16.6% from 2018 to 2026. The valuation of the global big data in oil and gas market is anticipated to reach US$10.93 bn by 2026.

Unstructured Data Requires Integration and Interpretation for Future Growth Analysis

With the strides in the oil and gas industry globally, data is also generated in terms of  variety, and volume. The data is usually generated from various sources such as well logging data, geological data, and seismic data. Large amount of data collection is creating the need for technologies that can assist in integrating and interpreting large amounts of data collected in structured and unstructured form. The need for systematic analysis of the data for future insights is fuelling the growth of big data in oil and gas market.

As a result of huge data generated from various sources such as geological data, sensor data, environmental data, and oceanographic data, unstructured data is likely to contribute 86% of global big data in oil and gas market share by the end of the forecast period.

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A number of information technology providers are working in the domain of data analytics to provide solution for the aforementioned need. This, in turn, is likely to contribute in the growth of big data oil and gas market in the tenure of forecast period. Amid the demand for big data oil and gas market, researching tools are also gaining attention.

The global big data in oil and gas market is classified on the basis of component, data type, and application. Based on type of data, the market is segmented into structured, unstructured, and semi-structured data. Out of these, unstructured data segment is projected to dominate the market during the forecast period because of rising production of unstructured data from various sources such as well data, sensor data, geological data, environmental data, oceanographic data, and other data sources. Based on component the market is bifurcated into software and services segments. The big data software segment is further divided into data collection, data analytics, data management, and data discovery and visualization. The big data services includes system integration, consulting, operation and maintenance.

On the basis of application, the market is segmented into upstream, midstream, downstream, and administration. According to the report, upstream application segment is likely to hold 50% of the global market. The dominance of this segment is because of rising IT spending in the upstream sector of oil and gas industry.

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Increasing Oil Production in North America to Assist Market Growth

Based on regional analysis, North America is leading the market by holding 39% share globally. The reason behind this growth is increasing oil production in the region that further boost the demand for big data analytics to gain operational efficiency. The U.S. leads the production of oil and gas and holds 15% in the total oil production at the global level. Thus, creating lucrative opportunities for adopting big data in oil and gas in the region.

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Digital Map Market Consumption by Regional data for Business Development

In a recent report by Transparency Market Research (TMR), the global digital map market is expected to witness a steady growth with the influence of industry specific and range of macroeconomic factors. The major factors for driving the market for digital map are increased digitalization, technical and technological advancements and rise in digitalization. Along with this, the usage of 3D platforms have also boosted market growth. With the rise of geospatial internet users and smartphones, there is incline in use of intelligent personal digital assistant or PDAs in both smart as well as portable devices. Adding to this, the prevalence of smartphones and growing usage of internet is also expected to increase revenue share of the global digital map market in the future years.

Some of the leading players in the global digital maps market are Autonavi Software Co. Ltd., HERE Technologies, Environmental Systems Research Institute (ESRI), Apple Inc., and Google Inc. Major Players are focusing on providing more details on broad financial overview, recent developments, business strategies and company business overview.

As per the TMR report, the global digital map market is presumed to display a 16.2% CAGR within the forecast period of 2018 to 2026. The valuation is anticipated to reach US$ 30.6 bn by the end of the forecast period.

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Asia Pacific to Witness Stable Growth with Development of Post-Sale Service Providers

Owing to the inclining adoption of internet-enables portable devices along with smartphones and digital mapping in semi-autonomous and connected cars is likely to boost the market for digital map in the years to come. Adding to that, the number of digital map manufacturers have also increased. Post-sale service providing systems also led to the rising demand for digital maps across various regions.

In terms of geography, the global digital maps market is likely to draw more revenue from Europe and North America. Both technological development and rising awareness among users regarding digital mapping amongst users are the factors leading to the increase in revenue of the digital map market from both North America and Europe.

The market in South America is also not far behind. It is likely to second the revenue share to the global market.  Besides, the market in Asia Pacific is also expected to see growth in the coming years owing to the developing nations. New technologies are being introduced and implied by the developing regions and this may further boost the growth of Asia Pacific at large.

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Apart from that, countries like Germany, U.K., France, Brazil and the U.S. are to provide lucrative opportunities to the global digital map making market owing to noteworthy investments in both autonomous and connected car industries. The market in Middle East and Africa is also likely to expand with an impressive CAGR in the years to come.

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Prepaid Wireless Service Market Growth by Business Developments 2021 to 2026

According to a new market research report published by Transparency Market Research entitled “Prepaid Wireless Service Market: Type (Data, Voice); Connectivity (2G, 3G, 4G) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,”the global prepaid wireless service market is expected to reach US$  659.1 Bn by 2026. The market value is anticipated to expand at a CAGR of 4.3% during the forecast period from 2018 to 2026.The market is expected to grow largely due to shift of consumer preference from postpaid to prepaid services, largely in the regions of North America and Europe.

Geographically, the global prepaid wireless service market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Asia Pacific dominates the market with a share of more than 50% in 2017, followed by Europe with approximately 20% share. The dominating share in Asia Pacific is primarily due to tremendous growth in the adoption of smartphones among both millennial and older population. In Asia Pacific, key countries contributing to the prepaid wireless service growth are China, India, Japan, and Indonesia.

Asia Pacific has the largest subscriber base for prepaid wireless service in the world. The region has the largest population in the world which therefore makes it the largest market for prepaid wireless service. These countries have an active base of smartphone users across all age groups. Moreover, the market for prepaid wireless service is increasing due to continuous demand for affordable and flexible data and voice plans.

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In 2017, Asia Pacific was evaluated as the largest market for prepaid wireless service. India, China, Indonesia, and Japan are particularly attractive markets for prepaid wireless service. However, Rest of Asia Pacific is expected to expand at the highest CAGR during the forecast period, 2018-2026. In the region, a large portion of the population prefers prepaid wireless service over postpaid, the reason being affordability and flexibility to switch network operators easily.

In Europe, some of the key countries contributing to the growth of the prepaid wireless service market are Germany, France, and Italy. The market for prepaid wireless in Europe is largely driven by offerings of MVNOs. MVNOs, over the last couple of years have become quite significant in terms of their operation. Some of the well-known MVNOs operating in the market have been providing attractive voice and video plans to the subscriber base, thereby adding to the growth of the market.

Globally, the prepaid wireless service market is segmented based on connectivity and type. In terms of connectivity, the market is segmented into 2G, 3G, and 4G connectivity. Based on type, the market is segregated into data and voice. In terms of connectivity, 4G occupies the largest share of more than 50% in the overall prepaid wireless service market. Demand for 2G connectivity has drastically fallen over a period of time largely due to rollout of 4G/LTE connectivity which is much faster. Moreover, after the commercial roll out of 5G services, 3G connectivity services will also start losing its market share.

Based on region, the global prepaid wireless service market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. AsiaPacific dominates the market, followed by Europe and North America. In North America, mobile owners are shifting from contract based services to prepaid services in the last few years.However, the share of postpaid wireless service is still higher than prepaid wireless service, when compared with other regions such as AsiaPacific and the Middle East and Africa. The largest market for prepaid wireless service is Asia Pacific largely due to the population size and people’s preference for prepaid services over postpaid services.

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Europe is the second largest market (in terms of revenue) for prepaid wireless services. The prepaid wireless services market received a further boost with the popularity of the MVNO (mobile virtual network operator) model in Europe. These MVNOs provide attractive voice and data plans at affordable rates, thus creating demand for prepaid wireless services specifically in developing countries.

Key players operating in this market adopt strategies such as product innovation, strategic alliances, partnerships, and acquisitions. The prepaid wireless service market is rather competitive; however, it is dominated by a few key players.Some of the major players in the global prepaid wireless service market include AT&T Inc., Sprint Corporation, Verizon Wireless, T-Mobile International AG, Deutsche Telekom, Vodafone Group plc, Orange S.A., Telefónica, S.A., Telstra Corporation Ltd., Telenor ASA, Emirates Telecommunication Group, Axiata Group, Bharti Airtel Limited, China Mobile Communications Corporation and AméricaMóvil.

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Self-heating Food Packaging Market Status, Growth and Forecast by 2020 to 2027

Transparency Market Research delivers key insights for the self-heating food packaging market in its published report, which includes global industry analysis, size, share, growth, trends, and forecast for 2019–2027. In terms of revenue, the global self-heating food packaging market is anticipated to reach ~US$ 77 Mn by the end of 2027, owing to various factors, about which TMR offers detailed insights and forecasts in the self-heating food packaging market report.

The report highlights the key factors responsible for the growth of the self-heating food packaging market across various regions. Detailed analysis based on packaging type, end use, and region is included in the report.

As per TMR analysis, the market share held by the cans segment is high as compared to other packaging types such as bottles and pouches. Furthermore, TMR found that the demand for self-heating food cans is anticipated to rise substantially during 2019-2027. However, the bottles and pouches segment is anticipated to collectively account for more than 15% of the total market share in the global self-heating food packaging market.

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Expansion of Food & Beverages Industry in Europe to Bolster Market Growth

Europe holds the second-largest market share in the self-heating food packaging market, the growth in demand for self-heating food packaging in the region is expected to remain sluggish during the forecast period. A surge in demand for food and beverage packaging along with rising consumer expenditure on convenient packaged food & beverages is expected to offer a positive outlook for the self-heating food packaging market in the region. Spain is anticipated to remain the prominent market in terms of market share and incremental opportunity.

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Rising Need for Instant Heated Food Driving Use of Self-heating Food Packaging

Self-heating food packaging is an innovation in active packaging, with addition of chemical substances within the packaging that eliminates the need for microwaves or external heating of food and beverages. Use of self-heating food packaging allows instant heating of food and beverages products before consumption anywhere, without requiring access to an oven, fire, or a stove. Heating food before consumption is essential in remote cold climatic conditions and high altitude areas. Self-heating food packaging has emerged as an ideal solution to cater to the above mentioned requirement, and is gaining considerable traction in other applications. The rising demand for instant and convenient heating is anticipated to drive the growth of the global self-heating food packaging market during the forecast period of 2019-2027.

Furthermore, self-heating food packaging, which was predominantly used by field engineers and military personnel, is now becoming a part of the routine among indolent consumers. Moreover, self-heating food packaging is also gaining popularity among parents who have to travel around with their babies. Although the self-heating food packaging market is at the nascent stage, growing consumer awareness regarding the functionality and benefits of self-heating food packaging is likely to create significant demand during the forecast period (2019-2027).

Stakeholders Focus on Innovations and Product Launches to Gain Advantage

Evolving consumer interests are projected to strongly influence the growth of the self-heating food packaging market in the coming years. Stakeholders in the current market landscape are expected to monitor these evolving consumer preferences and develop products in sync with these demands. Additionally, brands are also expected to increase investments in the self-heating technology to improve their self-heating food packaging offerings. While beverages are expected to generate more revenue for market players in the self-heating food packaging market, revenues from food are projected to increase at a considerable rate during the forecast period.

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Brands are focusing on launching new products to increase their presence and foothold in the self-heating food packaging market landscape. For instance, in 2018, a Chinese company, Ba Shu Lan Ren launched a self-heating mini hot-pot wherein any type of instant food that requires water, including mashed potatoes, pasta, rice, and vegetables, can be cooked. While the product was available for sale across e-Commerce platforms in countries of Eastern Asia, the company announced that the product is likely to hit the markets in the West post the approval of the FDA.

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Aseptic Packaging Market Major Application Analysis and Forecast to 2024

As indicated by an examination report by Transparency Market Research (TMR), a main market insight firm, the worldwide aseptic packaging market is foreseen to observe a high development rate in the coming years. The market shows a profoundly aggressive business scene. The main players in the aseptic packaging disinfection showcase have been depending on acquainting inventive items with stay pertinent in the challenge. Over the coming years, they are probably going to move their concentration towards innovative headways of their accessible items. They are likewise expected to expand their interests in this market in an offer to catch more offers, expresses the examination report for aseptic packaging market from 2017 to 2024.

Massive Initial Investments to Hinder the Growth

The world has witnessed extreme urbanization in the developing economies of China and India in the previous decade has been a help for the nourishment, refreshment, and dairy ventures. These two nations house more than 33% of the total populace and a noteworthy piece of them are presently requesting packaging in food products, that too aseptically – guaranteeing conservation from natural defilement while being without additive. As indicated by the discoveries of this business knowledge study, the interest in the worldwide aseptic packaging market will proliferate at a great CAGR of 10.0% during the estimate time of 2017 to 2024. As far as income, the worldwide aseptic bundling market has been assessed to accomplish a valuation of 80.49 billion by 2024, mounting from the market’s assessed worth of US$41.31 billion starting at 2017.

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Tough Competition to Boost the Growth of Market

The huge extension in the nourishment and refreshments bundling industry is driving the worldwide aseptic bundling market colossally,” says a TMR experts. These days, shoppers are by and large more cleanliness cognizant and know about the advantages of safe bundling. This is additionally thought about the interest for aseptic bundling over the world. Aside from nourishment and refreshment bundling, the expanding utilization of aseptic bundling for the bundling of pharmaceutical and individual consideration items is additionally supporting the development of this market generously. Over the coming years, this market is probably going to pick up from the serious challenge among players. The main organizations in this market are putting intensely in R&D in an offer to present new item before their rivals to increase an edge over them, reports the examination study.

The report also bifurcates the aseptic packaging market on the basis of product, into bottles including glass and plastic, cartons, bags and pouches, vials and prefilled syringes and ampoules, and others such as cups. The sub-segments of vials and prefilled syringes and ampoules constituted for a demand worth of US$13,972.1 million in 2017 and is forecasted to remain most prominent throughout the aforementioned forecast period.

Asia Pacific to Remain Most Lucrative Region until 2024

China dominated the global aseptic packaging market in 2017. The country is expected to maintain its dominance during the forecast period due to the increase in demand for aseptic packaging in various applications and allied end-user industries. Presence of domestic producers and low cost of manufacturing due to economies of scale are anticipated to boost the market in China. As a result, Asia Pacific is estimated to be the most lucrative regional market during the forecast period owing to the increasing demand for aseptic packaging in the food & beverages, personal care, and pharmaceuticals industries.

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Countries such as India, Thailand, and Indonesia are projected to be the frontrunners in terms of usage of aseptic packaging. By 2024, the Asia Pacific aseptic packaging market is estimated to produce a revenue of US$31,488.9 million, generating 39.1% of the global demand. Europe and then North America are the next two profitable regions.

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Multi-domain Controller Market By Type, Sale, Revenue, Demand Report 2021-2026

Transparency Market Research has released a new market report titled “Automotive Multi-domain Controller Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.” According to the report, the global automotive multi-domain controller market is anticipated to expand at a CAGR of about 74% during the forecast period. 

Automotive multi-domain controller are high-speed computing equipment that let the vehicle’s motorized system to process bulk data for automated driving. Automated multi-domain controller curtails the space, power consumption, and complexity of the electronic and electronic architecture by means of replacing numerous integrated electronic control units. It is considered as an alternate solution to the prevalent approach of tallying a dedicated electronic control unit for each and every new function, feature, and operation within the vehicle.

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Key transformation taking place in automotive electronic and electrical engineering, which impacts the electrical and electronic network architecture, is likely to affect performance, cyber security, and connectivity of the automotive, which is a key concern in the automotive industry. This transformation constitutes the amalgamation of multiple function-specific electronic control modules or units into a dedicated domain-based controller. This is a prime factor that is anticipated to drive the automotive multi-domain controller market during the forecast period.

Furthermore, the advent of autonomous vehicle coupled with increasing number of connected cars and electronic components per vehicle, and fortification of mandates by governing and monitoring bodies for vehicle comfort, security, and safety are projected to boost the automotive multi-domain controller market during the forecast period. However, security of the automotive multi-domain controller supplemented with malfunction of the equipment is likely to hamper the automotive multi-domain control market in the near future, as one single mega electronic control unit leaves the automobile more vulnerable to cyber-attack as compared to other multiple electronic control units. This is likely to restrain the market during the forecast period.

In terms of vehicle type, the passenger vehicle segment dominates the automotive multi-domain controller market. Increase in demand for vehicle electrification in passenger vehicles coupled with rising complexity and intricacy of electrical and electronic architecture in these vehicles due to increasing number electronic control units have fostered the development of automotive multi-domain controller for the passenger vehicle segment. The segment is projected to expand at a significant CAGR of about 72% during the forecast period.

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In terms of region, Europe leads the global automotive multi-domain controller market. Europe is projected to hold for around 44% share of the global market by the end of the forecast period. This is primarily due to the presence of prominent auto manufacturers and original equipment manufacturers in the region who continuously cater the automotive industry with improved and efficient solutions. Consistent developments in technology supplemented with a higher rate of adoption and availability of electronic components are boosting the automotive multi-domain controller market in Europe.

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