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

Feb 18, 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 Acoustic Diaphragm Market. 

It was estimated prior to this unanticipated outbreak Acoustic Diaphragm Market will reach CAGR of 8.0% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Acoustic Diaphragm Market Insights

Acoustic Diaphragm Market is likely to witness an impressive CAGR of 8.0% during the forecast period. Growing electronic industry, specifically consumer electronics, and increasing disposable income in emerging economies are some of the major factors fueling the acoustic diaphragm market during the forecast period.

Market Share Analysis

Acoustic Diaphragm Market Share: By Material Type

Based on the material type, the market is segmented as paper, wood, polypropylene, polycarbonate, polyester, polyamide, polyether ether ketone, and others. Paper diaphragm is estimated to account for the largest share of the market during the forecast period owing to easy availability and low-cost as compared to its counterparts. These are thin and can be easily modified and also offer various features such as excellent moisture resistance and acoustic characteristics, making them highly suitable for loudspeakers and microphones.

On the other hand, polycarbonate is projected to witness significant growth rate in the market during the forecast period. These polycarbonate materials are commercially available and offer various features, such as proper flexibility & rigidity, sound wave propagation, acceptable heat dissipation, fulfilling all the requirements for a good acoustic diaphragm, eventually boosting the segment’s growth over the forecast period.

Acoustic Diaphragm Market Share: By End-User Type

Based on the end-user type, the market is segmented as earphone & headphone, loudspeakers & AI, microphone, and others. The microphone segment accounted for the major part of share in 2020 and is estimated to witness significant growth rate in the market. Further, increasing sale of smartphones, tablets, and TV sets have accelerated microphone consumption, fueling the market growth during the forecast period. In addition, earphone & headphone is projected to be the fastest-growing segment of the market globally. Also, other factors such as growing adoption of virtual reality in various sectors including education, construction, business, and armed forces mainly for the purpose of training are expected to boost the growth of the acoustic diaphragm market over the forecast period.

Acoustic Diaphragm Market Share: By Region

In terms of regions, Asia-Pacific is estimated to account for the major share of the market owing to growing electronic industry, increasing disposable income, and growing popularity of advanced microphones in the region during the forecast period. The presence of some key manufacturers of electronic components along with the growing demand for smartphones is another factor bolstering the growth of the regional market over the forecast period. Europe and North America are also expected to offer substantial growth opportunities during the forecast period.

Feb 18, 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 Range Hood Market. 

It was estimated prior to this unanticipated outbreak Range Hood Market will reach CAGR of 4.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Range Hood Market Insights

Range Hood market is likely to witness a CAGR of 4.2% during the forecast period. The prime factor driving the range hood market is the growing adoption of range hoods to get rid of smoke and odor and to keep kitchens clean.

Market Share Analysis

Range Hood Market Share: By Product Type

Based on the product type, the market is segmented as under cabinet, wall mount, ceiling mount, and others. The wall mount segment is expected to witness the highest growth during the forecast period owing to its ability to be installed on kitchen walls without consuming any additional space.

Range Hood Market Share: By Application Type

Based on the application type, the range hood market is segmented as commercial and residential. The commercial segment holds the larger share of the market and is also expected to witness a healthy growth during the forecast period. Rapid urbanization in the emerging economies along with rising number of hotels and restaurants across the globe is the major factor behind the dominance of the commercial segment.

Range Hood Market Share: By Distribution Channel Type

Based on the the distribution channel type, the market is segmented as direct selling, E-commerce, and others. Direct selling is estimated to be the largest distribution channel; however, the E-commerce segment is expected to witness the highest growth during the forecast period. Major factors driving the growth of the E-commerce segment are availability of a wide range of products, competitive pricing, and ease in comparison.

Range Hood Market Share: By Region

In terms of regions, Europe is estimated to be the largest market for range hoods during the forecast period. Presence of a large number of restaurants and hotels, a huge tourism industry, and high disposable income of consumers are the major factors behind the dominance of the region in the global market. Asia-Pacific is expected to witness the highest growth during the forecast period. China, Japan, South Korea, and India are the driving force of the region’s market.

Feb 17,2021/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 Laboratory Chemicals Market.

It was estimated prior to this unanticipated outbreak that the Laboratory Chemicals Market was expected to grow at a CAGR of 4.7% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Laboratory chemicals are the substance used for performing experimental procedures or to develop drugs or other chemicals. It must maintain its purity to be used in chemical analysis, chemical reactions, or physical testing.

Laboratory chemicals can be broadly classified on the basis of their hazard class which are flammables, oxidizers, corrosives (acidic or bases), highly reactive, extreme toxic, and low hazard.

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 application type, the laboratory chemicals market is segmented as industrial, education, government, and healthcare. The industrial segment is likely to remain the largest application of the market during the forecast period, owing to wider usage of chemicals for industrial processes, such as for bromination, acid chloride preparations, carboxylation, ion-exchange reactions, cryogenic reactions, and nitration.

In terms of regions, Europe to maintain its supremacy in the market during the forecast period, with the Italy being the key growth engines of the region’s market. Asia-Pacific is expected to be the fastest growing market over the next five years, propelled by China and India. China is one of the largest markets for chemical industry in the world. 

Key Players:

Some of the major laboratory chemicals manufacturers are-

• Avantor, Inc.
• Becton
• Dickinson and Company
• Beckman Coulter Inc.
• BiosYnth S.r.l.
• CARLO ERBA Reagents S.r.l.
• GE Healthcare
• PanReac AppliChem
• Merck KGaA
• Meridian Life Science, Inc.
• MORPHISTO GmbH

17 Feb, 2021/ IndustryNewsGlobal/ -- This new report from Stratview Research analyses the Aircraft Health Monitoring System (AHMS) Market over the trend period from 2013 to 2018 and forecast period from 2019 to 2024. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.

Aircraft Health Monitoring System (AHMS) Market Overview:

The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Aircraft Health Monitoring System (AHMS) Market is no different. Derived from the previous market scenario, the Aircraft Health Monitoring System (AHMS) Market is likely to witness an impressive CAGR of 7.3% during 2019-24 but with the global crisis in action, the growth curve has deviated from its expected path and exhibits an uncertain trajectory at present.

Market Share Analysis

Aircraft Health Monitoring System (AHMS) Market by Aircraft Type

Based on the aircraft type, the market is segmented into narrow-body aircraft, wide-body aircraft, very large body aircraft, regional aircraft, business jet, helicopter, and military aircraft. Narrow- and wide-body aircraft dominate the market and are estimated to remain the leading aircraft segments over the next five years as well. Increasing production rates of B737 and A320 including their fuel-efficient variants (A320neo and B737 max) coupled with the market entry of new players (COMAC and Irkut) are the major factors driving the overall narrow-body aircraft segment and so are the health monitoring systems for them. Similar to narrow-body aircraft, increasing production rates of B787 and A350XWB coupled with the introduction of fuel-efficient variants including B777x and A330neo are the major factors driving the demand for health monitoring systems in the wide-body aircraft segment.    

Aircraft Health Monitoring System (AHMS) Market Share by Installation Type

Based on the installation type, the AHMS market is segmented as onboard and on-the-ground. It is estimated that the onboard segment is likely to depict a higher growth during the forecast period, propelled by the installation of different health monitoring system components, such as sensors, communication systems, and flight data management systems, with an aim to provide an increased passenger safety and reduce MRO cost.

Regional Insights

In terms of regions, North America is expected to remain the largest market for aircraft health monitoring systems in the coming five years, whereas Asia-Pacific is likely to witness the highest growth during the same period. The USA is the growth engine of the North American market. Similarly, China, Japan, and India are the key sources of growth in the Asia-Pacific’s aircraft health monitoring system market. Substantial growth in air passenger and freight traffic in China and India are compelling aircraft manufacturers and tier players to open their manufacturing plants in the region. This, in turn, will create a healthy demand for aircraft health monitoring systems in Asia-Pacific during the forecast period.

Key Players

Some of the major players in the AHMS market are

• Airbus S.A.S.
• The Boeing Company
• United Technologies Corporation
• Honeywell International Inc.
• General Electric Company
• Rockwell Collins, Inc.
• Meggitt PLC
• Rolls-Royce Holdings PLC
• Safran S.A.
• Air France Industries KLM Engineering & Maintenance
• Lufthansa Technik AG.

These major players are likely to remain the most dominant ones over the next five years as well. Several efforts are being made by these players to remain competitive and to quickly gain more shares in the market. Some of which are a regional expansion, execution of mergers & acquisitions and joint ventures, and advancement in technologies.

Feb 17, 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 Marine Turbocharger Market. 

It was estimated prior to this unanticipated outbreak Marine Turbocharger Market will reach CAGR of 4.0% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

Marine Turbocharger Market Insights

Marine Turbocharger Market is likely to witness a CAGR of 7.5% during the forecast period. Growing requirement for minimizing operating cost and increasing engine efficiency, shifting inclination towards decreasing fuel consumption and emission level coupled with enhancement in the efficiency of engines, stringent maritime emission regulatory norms and increasing environmental concerns, and strong presence of manufacturers are some of the major factors driving the growth of the market during the forecast period.

Market Share Analysis

Marine Turbocharger Market Share: By Mode of Operation Type

Based on the mode of operation type, the market is segmented as axial and radial. The radial marine turbocharger is projected to be the dominant segment of the market owing to its increasing applications in small-sized four-stroke engines during the forecast period. New innovative ideas for recreating its design with minimized emission levels, higher-pressure ratios, its cost effectiveness, and availability in various size ranges are further expected to boost the product demand during the forecast period.

On the other hand, axial marine turbocharger is estimated to witness significant growth rate in market during the forecast period owing to increasing applications in large two-stroke engines. Further, enhancements in turbochargers with compact size and high capacity is leading to decrease in weight and initial cost without compromising on power output, fueling the growth of the industry over the forecast period.

Marine Turbocharger Market Share: By Technology Type                    

Based on the technology type, the market is segmented as single turbo, twin turbo, electro-assist turbo, and variable geometry turbo. The electro-assist turbocharger is projected to be the leading technology type in the market during the forecast period owing to its compact and highly efficient electric motor which provides optimization of plant efficiency, especially when a ship operates under slow steaming. On the other hand, twin turbocharger is estimated to account for a significant share of the market during the forecast period owing to various useful features, such as enhanced power output, air pressure & density, resulting in lower exhaust emissions and fuel consumption, offered by it.

Marine Turbocharger Market Share: By Component Type

Based on the component type, the market is segmented as compressor, turbine, central shaft, and others. The turbine segment is projected to hold the major share of the market during the forecast period. In addition, factors such as turbine wheels performing efficient extraction of energy from exhaust gases with least frictional loss and availability of turbine blades in various sizes and variant nozzle rings are expected to fast-track the segment’s growth during the forecast period.    

Marine Turbocharger Market Share: By Application Type

Based on the application type, the market is segmented as military ships, commercial ships, and recreational boats. The recreational boats’ segment is estimated to hold the largest share of the market owing to increasing sales of luxury marine vessels with the growing tourism industry during the forecast period. On the other hand, the military ships’ segment is projected to witness significant growth rate in the market owing to growing usage of marine turbochargers by the defense and naval forces during the forecast period. Factor such as increase in military budgets, offering lucrative opportunities for the expansion and upgrade of naval fleets is further expected to fuel the overall growth of the industry during the forecast period.

Marine Turbocharger Market Share: By Region

In terms of regions, North America is estimated to account for the largest share of the market owing to increasing demand for recreational boats during the forecast period. Factors such as growing popularity of marine and coastal tourism providing potential opportunities for recreational boats and increasing consumer participation in water-based sporting events and recreational boating activities are some of the major factors fueling the regional market growth over the forecast period. Also, Asia-Pacific is expected to be the fastest-growing region owing to the strong presence of a large number of ship manufacturers in the region during the forecast period. Europe is also expected to offer substantial growth opportunities during the forecast period.