Body Worn Insect Repellent Market Overview Report by 2020-2030

Transparency Market Research delivers key insights on the global body worn insect repellent market. In terms of revenue, the global body worn insect repellent market is estimated to expand at a CAGR of ~8% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the global body worn insect repellent market report.

In the report, TMR predicts that the global body worn insect repellent market would be largely driven by factors such as rising health awareness about insect-borne diseases, increasing incidence of insect-borne diseases, and industrial insecticides applications across the globe.

In the body worn insect repellent market report, the product type segment includes apparel, oils & creams, and stickers & patches. Apparel is further sub-segmented into trousers, shirts, jackets, head nets, and others. Oils & creams is sub-segmented into plant-based and synthetic.

Rising dependency of users on insecticide products in order to avoid the risk of insect-borne diseases is expected to propel the growth of the body worn insect repellent market in the future. The body worn insect repellent market is widely fragmented. Large number of small, medium, and large companies operate in the market at the global and domestic level. Companies are focusing on offering innovative solutions to increase their market reach.

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Body Worn Insect Repellent Market: Prominent Regions

Asia Pacific is expected to remain a popular region in the body worn insect repellent market, due to rapid growth in cases of several insect-borne diseases in emerging countries such as India, China, Indonesia, and other Asian countries. This is expected to expand the growth of the body worn insect repellent market in Asia Pacific at a rapid pace in the future as compared to other regions.

Demand for body worn insect repellent products in Europe and North America is estimated to expand at a significant pace in the near future due to increasing demand for insecticide products while performing outdoor activity.  The U.K., Germany, France, Italy, Russia, the U.S., and Canada are anticipated to be prominent markets for body worn insect repellents during the forecast period.

The markets in South America and Middle East & Africa are anticipated to grow at a rapid growth rate in the coming years. GCC Countries, South Africa, and Brazil are anticipated to be potential markets for body worn insect repellents.

Major promising players are likely to focus on expansion of business by undertaking strategic alliances and mergers and collaborations to strengthen their footprints in the global body worn insect repellent market. Companies are expanding their business by supplying their products through several distribution channels. Companies are also focusing on offering cost effective innovative solutions to users to increase profitability for sustainable growth of businesses.

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Body Worn Insect Repellent Market: Key Players

Key players operating in the global body worn insect repellent market include Reckitt Benckiser Group Plc, Godrej Group, Insect Shield, LLC, Tender Corporation, Spectrum Brands Holdings, Inc., and S.C. Johnson & Son, Inc.

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Sports Betting Market is Booming Worldwide According to New Research Report

Transparency Market Research delivers key insights on the global sports betting market. In terms of revenue, the global sports betting market is estimated to expand at a CAGR of ~ 11% during the forecast period, owing to numerous factors, regarding which, TMR offers thorough insights and forecasts in the sports betting market report.

Sports betting is a form of gambling where users predict sports results and place a wager on the outcome through online and offline platforms. Sports betting is restricted in some parts of the world due to multiple regulatory norms. However, in the coming years, some countries are expected to ease the regulatory norms pertaining to sports betting in order to avail tax revenues.

This helps end users witness and participate in betting activities in real-time through their Internet based or other electronic devices. The hike in the penetration rate of Internet-based devices, wagering through online and offline modes of payment, and relaxation of laws have boosted the sports betting market across the globe.

In this market report, TMR estimates that the offline platform is expected to remain prominent till the end of 2027, though the online platform is found to be attractive among users in the sports betting market. Rise in the adoption of Internet-based devices and a large base of traditional sports bettors are the primary factors for the robust growth of the sports betting market across the globe. Increasing government initiatives are expected to drive the growth of the sports betting market during the period of 2019 to 2027. All these factors are leading to the rise in the penetration rate of sports betting.

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However, most countries, globally, do not have well-defined laws and regulations related to sports betting and related activities. Social and religious stigma attached to the participation in sports betting is expected to hamper the market during the forecast period. In addition, risks associated with the threat of cyber-attacks and betting addiction are also a challenging factor faced by the sports betting market.

The sports betting market has been experiencing huge change since the last few years. Future scenarios that we explored involve a combination of various factors, such as increase in the prevalence rate of betting, increasing disposable income of consumers, trust in wagering through electronic and non-electronic payment modes of sports betting, and growth in the penetration rate of the Internet, along with adoption of Internet based devices, all of which are driving the sports betting market. This is projected to boost the market in the coming years. Moreover, the sports betting market has been experience noticeable technological changes since the last few years, and this has impacted not just the sports betting market, but the global economy as a whole.

Targeting new regulated markets has created better opportunities for key players to penetrate their products and services. Key players of sports betting are focusing on popularizing their products through a wide range of online platforms and offline betting stations in order to cater to a wide range of bettors across the globe.

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Sports Betting Market: Prominent Regions

• Europe, with its smooth laws for sports betting, is expected to remain prominent during the forecast period. Hence, Europe is anticipated to be the biggest market for sports betting during the forecast period.
• Relaxation of laws and regulations in North America and Asia Pacific having high potential for sports betting is expected to boost the market in the coming years.
• Countries such as Australia, South Africa, Brazil, Uruguay, Thailand, and Singapore are observed to gain popularity in sports betting, owing to the large presence of sports followers. In addition, governments all over the globe are promoting tourism and the entertainment sector, which is expected to advance the sports betting market in the coming years.

Sports Betting Market: Key Players

Key players operating in the global sports betting market include Bet 365 Group Ltd, GVC Holding plc, The Stars Group, Paddy Power, Betfair plc, William Hill plc, Fortuna Entertainment Group, Betfred Ltd., mybet Holding, Hong Kong Jockey Club, and Kindred Group.

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Laboratory Furniture Market to Flourish with an Impressive CAGR by 2027

Transparency Market Research delivers key insights on the global laboratory furniture market. In terms of revenue, the global laboratory furniture market is estimated to expand at a CAGR of ~4% during the forecast period, owing to numerous factors, regarding which, TMR offers thorough insights and forecasts in the laboratory furniture market report.

In this market report, TMR predicts that, the increasing number of safety regulations is driving the demand for laboratory testing services. Rising incidence of health issues among the population, worldwide, is creating the demand for new medical laboratories across hospitals as well as private centers. This, in turn, is anticipated to increase the demand for laboratory furniture. Additionally, increasing government funding to medical schools and colleges is further anticipated to boost the laboratory furniture market. The rising demand for medical laboratories coupled with the increasing enrolment of medical students in medical schools and colleges is anticipated to raise the demand for more medical laboratories in schools and colleges, which, in turn, is anticipated to boost the laboratory furniture market.

However, the high initial investment required for laboratory furniture is anticipated to be a restraining factor for the growth of the laboratory furniture market. Laboratory furniture is expensive and has a longer lifecycle; hence, the replacement rate is very low. This restrains the growth of the laboratory furniture market.

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However, technological advancements in terms of enhancing functionality are anticipated to boost the laboratory furniture market. New product developments enhance laboratory furniture efficiency, thus making it more user-friendly with low maintenance cost, which is anticipated to drive the demand for laboratory furniture. Additionally, increasing automation levels in manufacturing techniques in order to improve productivity is expected to boost the demand for laboratory furniture. For instance, computer-monitored supply and logistics systems are expected to boost the demand for laboratory furniture.

According to the report, laboratory tables, stools & chairs, pedestal furniture, etc., dominated the market, both, in terms of value and volume. These types of furniture have extensive user application in medical laboratories. Additionally, pedestal furniture is preferred in medical laboratories as they are best suited for confined spaces.

In terms of end use, medical laboratories acquired greater share of medical furniture as compared to medical schools and colleges. This is due to the high user rate and replacement rate of medical furniture in medical laboratories. Additionally, the demand from schools and colleges is rather low, owing to the high lifecycle of laboratory furniture.

According to the report, offline channels are dominant in the laboratory furniture market. As laboratory furniture is expensive, distributors and suppliers play a significant role in bridging the gap between demand and supply. Distributors and suppliers have a wide network of customers spread, worldwide. Additionally, key manufacturers of laboratory furniture are few in number, owing to which, distributors and suppliers play a significant role. The market share for online channels is low as they primarily act as aggregators for many manufacturers for a particular location.

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Currently, Europe dominates the laboratory furniture market, followed by the Asia Pacific region. This is due to the presence of good medical infrastructure in Europe, coupled with the rising demand for new medical laboratories owing to growth in medical research activities.

Asia Pacific is estimated to experience prominent growth in the laboratory furniture market in the near future owing to rising population. This increasing population is expected to lead to growing health conditions in the Asia Pacific region. This, in turn, is expected to proliferate the demand for medical laboratories, thereby resulting in the growth of the laboratory furniture market.

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Cooling Tower Market Is Gaining Momentum with Key Players

According to a new market report published by Transparency Market Research on the cooling tower market for the forecast period of 2019-2027, the global cooling tower market is expected to reach ~US$ 5 Bn by 2027, expanding at a CAGR of ~3% from 2019 to 2027. Europe held a prominent share of the global cooling tower market in 2018.

Field-erected cooling towers are large structures made of concrete, FRP (fiber reinforced plastic), wood, etc., meant to withstand weather changes. These towers are generally used in heavy industrial areas where they utilize large volumes of water to perform cooling processes. They are anticipated to hold the largest market share by 2027 under the construction segment. Factory-assembled cooling towers are also known as ‘package’ or ‘modular’ cooling towers, and are made in a factory. They are comparatively smaller in size, energy-efficient, take less space and time to build, and are cost-effective. These are used in small industrial plants.

The North America cooling tower market is anticipated to grow at significant rate during the forecast period. In North America, end-use industries such as the power sector extensively use field-erected, concrete-made cooling towers that can hold large capacities of water.

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Moreover, the induced draft type is a widely used cooling tower technology in North America. For instance, global cooling tower manufacturer SPX Corporation recommended replacing a 80 horsepower (HP) forced draft cooling tower with a 30 HP induced draft cooling tower, which increased the cooling tower capacity by 5%, and consumed only 38% of energy as compared to a forced draft cooling tower. The induced draft cooling tower segment holds the largest share of the cooling tower market in North America, and is expected to lead the market during the forecast period. Natural draft cooling towers are the second-most popular type installed in North America. Natural draft cooling towers consume less power than induced draft cooling towers.

Europe is the largest cooling tower market, globally. New cooling tower installations and replacement demands are aiding in the growth of the market in Europe. The power sector in the region, especially gas-fired power plant installations, is fueling the demand for these towers. Evaporative technology is the most common technology used in cooling towers in Europe. In evaporative technology, there is direct contact of cooling tower water with the air. In October 2016, EUROVENT, an association of cooling tower manufacturers in Europe, released Eurovent 9/12, which is an industry standard for thermal performance efficiency for evaporative cooling towers and other cooling equipment.

The evaporative cooling tower segment holds the maximum market share, while dry cooling is the second-most used technology. This method of heat transfer is expected to grow moderately during the forecast period. Hybrid cooling towers are witnessing increase in demand, as they reduce thermal plume and conserve freshwater use in plants.

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Some of the major players in the global cooling tower market include Baltimore Aircoil Company (BAC), ENEXIO Management GmbH, Hamon & Cie (International) SA, Babcock & Wilcox Enterprises, Inc., SPX Corporation, Bell Cooling Towers Pvt. Ltd, Brentwood Industries, Inc., Paharpur Cooling Towers Ltd, Star Cooling Towers, and Delta Cooling Towers, Inc.    

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Military Radar Market Trends, Share, Size, COVID-19 Impact Analysis, and 2027

The global military radar market is expanding at a significant pace, due to increasing military activities across the globe, according to Transparency Market Research. Some of the prominent players operating in the global military radar market are Northrop Grumman, Saab, Raytheon, Israel Aerospace Industries, Leonardo, Terma, and BAE Systems.

These players are adopting several strategies such as technological innovations, new product launches, collaboration and mergers, and acquisitions to gain higher market share. Apart from this, favorable government schemes regarding research and development of military radars is another factor driving the global military radar market. In March 2019, the U.K. Government organized an event with an aim to form a collaboration of several players to develop next-generation air power systems. Similar activities have been noted in several other countries as well. This is expected to drive the global military radar market during the forecast period.

According to TMR, the global military radar market is expected to reach value of ~US$ 10 Bn by the end of 2027. The market is projected to expand at a steady CAGR of ~3% from 2019 to 2027.

Geographically, North America is expected to dominate the global military radar market throughout the forecast period. This is primarily due to the increasing investment in military radar systems by the U.S. to retain its technological superiority. Among types, the airborne military radars segment is expected to lead the global market during the forecast period, owing to increasing risks of air strikes and airborne terrorist infiltrations across the world.

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High Rate of Research and Development Activities to Drive Global Market

A radar system is a powerful technology emerging at a rapid pace. A prominent feature that has prompted countries to invest in the radar mechanism is its high potential to retaliate undesirable entry in a county’s territory. Owing to this, countries are spending significantly on the radar mechanism to tighten up border security. On account of this, the global military radar market is expected to expand in the next few years, as countries are increasingly becoming alert on security issues.

Apart from this, several programs to improve the capability of air radar systems are going on. Some of them are Air & Missile Defense Radar (AMDR) program, the Acoustic Rapid COTS Insertion (A-RCI) program, the Space Fence program, and procurement of AN/TPS-59, AN/TPS-63, and AN/TPS-80 radar systems. These programs are anticipated to fuel the global military radar market during the forecast period.

Airborne Military Radars Continue to Witness High Demand

Based on type, the global military radar market has been segmented into ground-based, naval, airborne, and space-based. Out of these, the airborne segment led the global market in 2018. The demand for airborne military radars is expected to continue to rise during the forecast period, owing to increasing risks of air strikes and airborne terrorist infiltrations worldwide. Airborne military radars are likely to continue to witness a high rate of research and development activities in the near future.

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Leading players operating in the global military radar market include Lockheed Martin Corporation, Raytheon Company, The Boeing Company, Northrop Grumman Corporation, BAE System PLC, Saab Sensis Corporation, Harris Corporation, ASELSAN A.S., Terma A/S, and DRS Technologies Inc. These companies are taking steps to strengthen their radar business segments. For instance, in 2018, Saab AB, an aerospace and Defense Company, combined its business unit i.e. surface radar solutions and airborne surveillance systems.

The information presented in this review is based on a report by Transparency Market Research titled, ‘Military Radar Market (Type: Ground Based, Naval, Airborne, and Space Based) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2027.’

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Water Meter Market Shares, Strategies And Forecast Worldwide, 2020-2027

Some of the prominent players operating in the water meter market are Arad Group, Badger Meter, Itron, and Kamstrup. These players are increasing focus towards the adopting various strategies in order to strengthen foot hold in the smart water metering market.

Contracts, agreements, business expansion and mergers and collaboration are some of the widely adopted strategies by the players.

For instance, in 2018, Kamstrup, leading water metering solution manufacturer announced the opening of its new manufacturing plant in United States.

Moreover, in 2018, Diehl, a key service provider has announced their products are available on Microsoft Azure. The company deals in several software associated with water meter. The cloud technology will help them offer a central platform for all of the energy data. Thus helping them make software access simpler and more cost-efficient for a range of manufacturers.

According to a report by Transparency Market Research (TMR), the global water meter market is projected to attain a valuation of US$6.1 bn by the end of 2027. The analysts recorded a valuation of US$4.0 bn in 2018. The water meter market is projected to showcase a steady CAGR of 4.7% during the forecast period.

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On the basis of geography, Asia Pacific is expected to hold a majority of share in the global market during 2019 to 2027.  This is mainly due to the improving infrastructure and rapidly increasing industrialization and urbanization in the region. Based on application, the water meter market is segmented into residential, commercial and industrial segment. Among these, residential sector is anticipated to continue to lead throughout the forecast period. This is because, household residents are the key consumers of water meter market.

Need to Reduce Cost of Operation to Fuel Market’s Growth

The water meter market is projected to attain rise at a healthy CAGR during the coming few years. Growing concern toward water management, need to reduce cost of operation and rise in number of consumers are some of the prominent factor expected to boost the global water meter market in the coming few years.

In addition to this, rising integration of advanced technologies such as Internet of Things and automation in the water meters are some other factors which are expected offer several lucrative prospects to the growth of the water meter market. The accuracy of this equipment and controlled, monitored and transparent billing methods offered by these meters are boosting the consumer’s demands.

Further, players in the water meter market are increasingly integrating several advanced sensors and monitors with the water meter that offers additional data such as water velocity, quality and water flow rate. This is helping industry players efficiently manage water throughout the operation. These factors are driving the growth of the global water meter market.

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Moreover, ultrasonic meters have a longer life span, and they are able to transmit real-time data using communication network connectivity; the data is analyzed by meter data management systems or central monitoring software platforms.

Lack of Governmental Support to Impede Growth

Despite several advancements and growth in the water meter market is likely to suffer from factors such as lack of sufficient financial infrastructure and lack of governments support in developing countries, as per a recent report by World Water Development Report, on an average 480 million people in Asia suffer from water scarcity.

Nevertheless, water metering market is gaining immense popularity as they are offering enhanced r connectivity and advanced features over their conventional counterparts.

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Computer Numerical Controls (CNC) Market Incredible Possibilities, Growth Analysis and Forecast To 2027

The computer numerical controls (CNC) market is characterized by a highly competitive vendor landscape, mainly due the presence of numerous players in the market. Participating in mergers & acquisitions, focusing on achieving product differentiation, and facilitating product regulation also are prime strategies implemented by most players operating in this market.

The competition is expected to intensify with new players entering the computer numerical controls (CNC) market on a regular basis, thus giving rise to a fierce rivalry between individual players. DMG Mori Co. Ltd., Haas Automation, Fanuc Corporation, Siemens AG, Dr. Johannes Heidenhain GmbH, GSK CNC Equipments Co. Ltd., JTEKT Corporation, Takisawa Machine Tool Co. Ltd., OKUMA Corporation, and Yamazaki Mazak Corporation, are chief players operating in the global computer numerical controls (CNC) market.

Statistically speaking, the global computer numerical controls (CNC) market is expected to fetch a revenue of US$ 115.1 bn by 2027, which is a significant rise from an initial revenue worth US$ 64.0 bn registered in 2018. This growth is expected to occur at a rising CAGR of 6.7% during the forecast period from 2019 to 2027.

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Need for Automation Boosts Market’s Growth

Rising concerns about reducing operational costs are being witnessed in several industrial sectors, consequently demanding large-scale automation. Such demands for automating various industrial processes is primarily driving the global computer numerical controls (CNC) market. This mainly because of reduction in overall manufacturing time and decreasing chances or human error to occur by using the CNC machines, consequently making them highly preferred.

Rising environmental concerns regarding reduction of industrial carbon footprint has led towards computer numerical controllers being increasingly used in place of manually operating machines. Doing this has resulted into improved efficiency being achieved by businesses working in the industrial domain, thereby being beneficial to the global computer controls (CNC) market.

Costly Maintenance and Servicing Dampens Product Sales

However, high costs associated with set up of CNC machines is profoundly retraining the market’s growth. This is as a result of low costs making it difficult for small-scale business with low capital to invest in the equipment. Even after the CNC instruments are purchased, they are quite costly to maintain, as they need to be serviced on a regular basis. Therefore, this factor is acting as a chief hindrance affecting the global computer controls (CNC) market. However, a slow-paced change has been occurring in the fundamental working mechanisms of the CNC machines, which is expected to reduce the workload and improve efficiency. Such changes are truly expected to offset some of the restraints affecting the global computer controls (CNC) market.

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This market is mainly spread across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Of these, North America lead the pack with maximum revenue earned owing to a strong industrial infrastructure and associated development.

The study presented here is based on a report by Transparency Market Research (TMR), titled, “Computer Numerical Controls (CNC) Market (Types – Lathe Machines, Milling Machines, Lasers, Grinding Units, Welding Machines, and Winding Machines; Application – Automotive, Industrial, Power & Energy, and Defense & Aerospace) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 – 2027.”

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