Veterinary Vaccines Market to Grow at a Robust Pace During 2021-2026

July 05,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Smart Container Market.

Smart container market is likely to witness an impressive CAGR of 16.9% during the forecast period. The key driving factors contributing to the demand for smart containers are the surge in adoption of IoT connected devices by major shipping companies and growing concerns regarding wastage of food and medical products due to temperature deviation, which in turn, are driving the growth of the market.

Smart container is a device which aids in tracing and tracking products among stakeholders with the electronic product code information services, supply chain, and RFID technologies and provides monitoring, real-time tracking facilitating drivers to increase rotation time of their package equipment and improve utilization percentages. Smart containers are the containers that facilitate transportation of goods via both seaborne and land modes of transport, which may include the use of trucks, rails, and ships, eliminating the necessity for reloading and unloading at standard features. They are used in a wide array of industries and have always been the crux of the shipping industry.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Based on the offering type, the market is segmented as hardware, software, and service. The hardware segment held the largest share of the market in 2020, and is expected to remain dominant during the forecast period. The wide use of a variety of differently priced hardware components for monitoring and tracking applications is driving the growth of this segment. A number of sensors and various other hardware components are required for efficacious network monitoring in smart container solutions.

Based on the technology type, the smart container market is segmented as food, construction, filtration, and others. The long-range wide area network segment is expected to grow at the highest rate in the market, owing to its superior properties as compared to other technologies such as Bluetooth low energy and Wi-Fi. Due to its high bandwidth capability, LoRa WAN offers a wide range of communication. Its in-depth indoor penetration feature helps to repress problems occurring in cases where most of the signals would be reflected from the surface of a container. This property also provides access to sensors monitoring the assets inside the container.

In terms of regions, Europe is estimated to be the largest market during the forecast period, with China, Japan, India, and Australia being the major countries with lucrative growth opportunities. This growth can be attributed to the presence of major shipping companies in Europe, which demand for smart shipping container solutions. European ship-owners control over 40% of the world's merchant fleet and operate shipping services across the globe, according to the European Community Shipowners’ Associations (ECSA). According to the United Nations Conference on Trade and Development (UNCTAD), Europe is the second-largest region, in terms of container port volumes, accounting for 16% share of the total world container port volumes, in 2017. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

Key Players:               

Some of the major players in the smart container market are-

• Orbcomm
• Smart Containers Group AG
• Traxens
• Globe Tracker
• Nexiot AG
• Phillips Connect Technologies (Division of Phillips Industries)
• Sealand (Division of Maersk Group)
• Robert Bosch Manufacturing Solutions (Robert Bosch GmbH)
• Ambrosus
• Zillionsource Technologies Co., Ltd. (CISCO).

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Smart container market analysis report discusses the following heads in great detail:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors 

July 05,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Shore Power Market.

Shore Power Market is likely to witness an impressive CAGR of 13.6% during the forecast period. The major drivers propelling the growth of the market are the increasing number of cruise liners in the shipping industry, the reduction of low-frequency noise and emissions at ports, and installation of retrofit shore power systems.

Shore Power is the delivery of electrical power to a shore-side ship when its engines are damaged and shutdown. It helps in saving consumption of fuels and eliminates air pollution caused due to fuel. This is a process in which electrical power is supplied from shore to a vessel at berth, enabling auxiliary engines to be turned off. Through this process the shore power removes the diesel emission and other air pollutants.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Based on the component type, the market is segmented as transformer, switchgear, frequency converter, cables & accessories, and others. The frequency converter segment is estimated to account for the largest share of the market and is also likely to be the fastest-growing segment during the forecast period. Shore power frequency converter lets a ship to be powered by the port’s electrical grid, even though the vessel may have a different operating voltage. By the reduction of the consumption of diesel fuel, energy is conserved with the help of shore power frequency converters. Further, they also bring down air pollution caused by operating the engine unnecessarily while at the port. All these factors contribute to the growth of the segment in the coming five years.

Based on the connection type, the market is segmented as new installation and retrofit. The new installation segment is expected to account for the larger share of the market during the forecast period. The growth of the segment can be attributed to the fact that ships are required to be properly equipped so as to receive power from a local grid or an outside source. This facilitates the shore power to be effectively implemented. Prevalent ships usually need to be retrofitted with explicit electrical equipment, such as connectors, wiring, transformers, and switchgear, whereas many new ships are now being designed and built with this equipment as an integral part of their electrical system architecture. The new installation segment is expected to bolster the market during the forecast period as the process of retrofitting of shore power in prevalent vessels is far costlier against a new installation, eventually sometimes adding up to twice as much as incremental of the new-build investments.

In terms of regions, Asia-Pacific is estimated to account for the largest share of the shore power market during the forecast period and is expected to remain dominant during the same period. The region’s growth is driven by countries such as China, whose container capacity clocked around 250 million standards in 2020. Additionally, China is seen with a promising growth to be the seventh out of the ten largest ports during the forecast period. Other regions such as North America and Europe are also expected to mark their presence in the shore power market during the forecast period driven by increase in installation of retrofit and low-frequency noise reduction & emission at the port.

Key Players:               

Some of the major players in the shore power market are-

• Siemens
• Wartsila
• ABB
• Schneider Electric
• Cavotec

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Shore Power Market analysis report discusses the following heads in great detail:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors 

The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including Oil storage market. 

It was estimated prior to this unanticipated outbreak Oil storage market will reach CAGR of 3.1% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Oil Storage Market Insights

Oil storage market is likely to witness a steady CAGR of 3.1% during the forecast period. Rising global energy demand and increasing adoption of new technologies are contributing to the surge in demand for oil storage systems, which in turn, is driving the market.

Market Share Analysis

Oil Storage Market Share: By Product Type

Based on product type, the oil storage market is segmented as fixed roof, floating roof, spherical, and Others. The floating roof segment is estimated to grow with the highest CAGR during the forecast period owing to increasing demand for low & medium flash point hydrocarbon related products.

Oil Storage Market Share: By Reserve Type

Based on the reserve type, the oil storage market is segmented as strategic reserve and commercial reserve. The commercial reserve segment is estimated to grow with the highest CAGR during the forecast period, driven by incessant soaring petroleum product demand on account of increasing urbanization.

Oil Storage Market Share: By Region

In terms of regions, North America is estimated to be the largest market for oil storage during the forecast period. Government and authority’s positive outlook towards expansion of oil refining capabilities in the United States drives the oil storage market in the region. Europe and Asia-Pacific are also likely to offer substantial growth opportunities during the forecast period.

July 02,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Structural Steel Market.

Structural steel market is likely to witness an impressive CAGR of 7.1% during the forecast period. The prime factor that is contributing to the demand for structural steel is the growing construction industry.

Structural steel is a category of steel construction material that is produced with a particular shape or cross section, and some specified values of chemical composition and strength. The composition of structural steel, strength, size, shape, and storage are controlled in most advanced countries.

The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Based on the product type, the market is segmented as heavy structural steel, light structural steel, and rebars. The heavy structural steel segment is expected to maintain its commanding position over the forecast period, driven by the increasing infrastructural spending across the globe.

Based on the application type, the market is segmented as residential, non-residential, and industrial. The residential segment is estimated to grow with the highest CAGR over the forecast period owing to rapid urbanization, especially in developing nations.

In terms of regions, Asia-Pacific is estimated to be the largest market for structural steel during the forecast period. The region’s market growth is attributed to the rapid residential, non-residential and infrastructural developments in the emerging economies, such as India and China. Europe and North America are also expected to offer substantial growth opportunities during the forecast period.

Key Players:               

Some of the major players in the structural steel market are-

• ArcelorMittal S.A.
• Shagang Group Company Limited
• Hesteel Group Company Limited
• Nippon Steel & Sumitomo Metal Corporation
• POSCO
• VISA Steel
• Steel Authority of India Limited
• Anyang Iron & Steel Group Co., Ltd.
• China BaoWu Steel Group Corporation Limited.

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The structural steel market analysis report discusses the following heads in great detail:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors 

July 01,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Gas Insulated Switchgear Market .

Gas Insulated Switchgear Market is likely to witness an impressive CAGR of 8.9% during the forecast period. Growth in renewable power generation, rise in energy demand, increasing investments towards transmission & distribution infrastructure, and government initiatives across the globe towards improving electricity access are the major factors that are driving the global gas insulated switchgear market.

Gas Insulated Switchgear refers to a metal compact switchgear that has components of high voltage. These components are such that can be handled safely.

Gas Insulated Switchgear can be for both high-voltage and medium-voltage. The switchgear can be installed indoor, outdoor, and also as solid bus duct connection and cable connection.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Based on the type, the market is segmented as high-voltage insulated switchgear and medium-voltage insulated switchgear. The medium-voltage insulated switchgear segment is expected to witness a higher growth during the forecast period. Rapid improvement in the power distribution sector owing to implementation of smart grid and smart metering technology along with the growing penetration of gas insulated switchgear are the major factors driving the growth of medium-voltage insulated switchgear.  

Based on the voltage type, the market is segmented as distribution voltage, sub-transmission voltage, high-voltage transmission, extra-high voltage transmission, and ultra-high voltage transmission. The extra high-voltage transmission segment is expected to witness the highest growth during the forecast period. Technical superiority of gas insulated switchgear over air and vacuum switchgear is the prime driver behind the high growth of the extra high-voltage transmission segment.

Based on the end-user type, the market is segmented as power transmission utilities, power distribution utilities, power generation utilities, infrastructure & transportation, and industries & OEMs. The power distribution utilities segment is expected to witness the highest growth in the coming five years. Rapid urbanization in developing economies and government initiatives towards expansion of electricity in rural areas are the major factors towards the high growth of the power distribution utilities segment.

In terms of regions, Asia-Pacific is expected to witness the highest growth in the gas insulated switchgear market during the forecast period. China South Korea, Japan, and India are the growth engines of the region. The market is driven by growing power consumption, government initiatives towards energy efficiency, and upgradation of aging utility infrastructure in the region. North America and Europe are also expected to offer substantial growth opportunities in the gas insulated switchgear market during the forecast period.  

Key Players:               

Some of the major players in the gas insulated switchgear market are -

• ABB Group,
• Siemens AG,
• Schneider Electric SE,
• Mitsubishi Electric Corporation,
• General Electric Company,
• Hitachi, Ltd.,
• Hyundai Heavy Industries Co., Ltd.,
• Fuji Electric Co., Ltd.,
• Nissin Electric Co., Ltd.,
• Larsen & Toubro Ltd.

 Features of the Report                               

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Gas insulated Switchgear Market analysis report discusses the following heads in great detail:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors