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Refrigerated Trailer Gaskets Market by Size | Growth | Analysis | Trends and Forecasts to 2025

Global Refrigerated Trailer Gaskets Market: Overview

Refrigerated trailer gaskets are used in refrigerated trailers to prevent the leakage of cold air from the trailer. These are installed at the periphery of trailer body doors and vents. A new research report by Persistence Market Research titled ‘Refrigerated Trailer Gaskets Market: Global Industry Analysis 2012-2016 and Forecast 2017-2025’ explores every aspect of the global refrigerated trailer gaskets market and presents a comprehensive report on the market scenario. The report shows that the sale of refrigerated trailer gaskets is highly correlated with the production and demand for refrigerated trailers and dynamics within the cold chain industry. High demand for frozen foods and perishable goods is driving the growth of refrigerated trailers and hence trailer gaskets. The global refrigerated trailer gaskets market is expected to reach a market value of over US$ 30 Mn by the end of 2025. The market is expected to witness a CAGR of 3.9% during the forecast period 2017-2025. This growth has encouraged global trade agencies, associations and organizations focusing on investing in the development of supporting infrastructure for cold chain networks and increased skill level of the workforce, thereby promoting international trade for food and beverages, which in turn would create lucrative growth opportunities for players to leverage upon in the global refrigerated trailer gaskets market.

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Global Refrigerated Trailer Gaskets Market: Segmental Highlights

  • Among the various material types that are used to make refrigerated trailer gaskets, EPDM is expected to dominate the global market with growth at a CAGR of 6.5% during the forecast period and the EPDM market expected to reach a valuation of over US$ 20.8 Mn by the end of 2025.
  • On the basis of design, standard design is expected to lead the market with a higher CAGR and market revenue as compared to custom design during the forecast period. The standard design market registered a valuation of over US$ 12 Mn in 2017, which is forecasted to reach over US$ 20 Mn by the end of 2025.
  • In terms of configuration, the straight system segment is expected to dominate with a high CAGR and market share during the forecast period. The market analysis indicates that the straight system segment is projected to register a CAGR of 5.4% during the forecast period.
  • Among application areas of refrigerated trailer gaskets i.e, doors and vents, the doors segment comes up as a clear winner with a higher CAGR and estimated market valuation as compared to vents. The doors segment is expected to witness a CAGR of 5.1% whereas vents is projected to witness 3.9% CAGR during the forecast period.
  • Based on region, North America is anticipated to witness a higher market share as compared to other regional markets, whereas Europe is projected to remain dominant with a higher growth rate during the forecast period.

 

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Global Refrigerated Trailer Gaskets Market: Competitive Landscape

Company Profiles

  • Trelleborg AB
  • Reddiplex Ltd.
  • Conta Flexible Products
  • Great Dane
  • Mantaline Corporation
  • TODCO
  • Hebei Shida Seal Group Co., Ltd.
  • Stoughton Trailers, LLC
  • Advanced Plastic Corp.
  • ABCRUBBER INC.
  • Lokhen PtyLtd.
  • Fermod Ltd.
  • Eaget Group Co., Ltd.
  • Rubber-Cal, Inc.
  • Hi-Tech Extrusions Inc.

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Ground Support Equipment Tires Market to Record an Exponential CAGR by 2028: Persistence Market Research Study

Ground Support Equipment Tires Market: Introduction

The are the essential requirements of the aviation industry, they provide mobility and loading/unloading to aircraft at the terminal, power, and it is an important source of operational energy consumption at the airport. There are several types of ground support equipment including lifts, baggage carts, tractors, passenger boarding bridges and more and each equipment requires tires with different specifications. Ground support equipment tires are special kind of tires designed for specific purpose.

Increasing number of airports with growing air connectivity is estimated to fuel the demand for ground support equipment all over the world. Going further, with increasing demand for ground support equipment, the consumption of efficient ground support equipment tires is estimated to increase because of its effectiveness to reduce time lag. Owing to the increasing demand, the global ground support equipment tires market is anticipated to witness significant growth during the forecast period.

Ground Support Equipment Tires Market: Dynamics

The air travel passengers are increasing day-by-day across the globe, with an establishment of more than 700 routes for better connectivity. According to the International Air Transport Association, the Asia Pacific passenger traffic increased by 8.3% in 2016 which is more than the average growth of the last five years, i.e., 6.9%. Such an increase creates new challenges for the government to provide appropriate infrastructure, technology and equipment that can accommodate the growth and assure that the regulation and taxes will not be restraining factors for the ground support equipment tires market growth.

This growth in passenger traffic is one of the key factors driving the demand for ground support equipment tires and thereby contributing to the global ground support equipment tires market. Expanding civil aviation industry is also one of the key factor contributing in the growth of ground support equipment tires market

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Ground Support Equipment Tires Market: Segment

The global ground support equipment tires market has been segmented by equipment type, and by Product type

On the basis of equipment type, the global ground support equipment tires market has been segmented as:

  • Aerial & Maintenance Platform Lift Tires
  • Airport Transport And Dollies Tires
  • Baggage Tow Tractor Tires
  • Non-Powered Baggage Cart Tires
  • Passenger Boarding Bridge Tires
  • Push Back Tractor Tires
  • Other Ground Support Equipment Tires

On the basis of product type, the global ground support equipment tires market has been segmented as:

  • Foam filled ground support equipment tires
  • Air filled ground support equipment tires
  • Solid rubber ground support equipment tires

Ground Support Equipment Tires Market: Regional Outlook

With developing airport infrastructure and growing demand for ground support equipment, the requirement for durable ground support equipment tires is increasing at a good pace across the globe. The aviation industry has always been under the scanner of regulating authorities and is required to adhere to various guidelines issued by them. Such regulations existing in the aircraft ground support equipment tires market have compelled manufacturers to develop products that are compatible with the present regulatory guidelines.

This, in turn, is anticipated to contribute to the increasing growth of the ground support equipment tires market in developed regions such as North America and Europe. Asia Pacific is expected to be an opportunistic market for ground support equipment tires in terms of consumption owing to increasing sales of aircrafts in the region. The number of passengers has grown rapidly in the Asia Pacific region owing to the liberalization of markets, growth in wealth and size of the middle class. This is estimated to be the primary factor for the growth of ground support equipment tires in the region.

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Ground Support Equipment Tires Market: Key Participants

Examples of some of the market participants identified across the value chain of the global Ground Support Equipment Tires market include:

  • Super Grip Corporation
  • Trelleborg AB
  • Ken Jones Tires
  • Ground Support Products
  • Maxam Tire
  • Continental AG

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Rail Wheel And Axle Market by Competitors, Type, Product, Region and Application by 2026

Increasing railway projects, and electrification in existing rail lines, especially in developing countries such as India and China are ongoing. Key market participants involved in the rail wheel and axle market are focusing on acquiring railway projects and contracts. Moreover, expansion of rail network lines, particularly in China, Europe, and India, such as the One Belt One Road project, are anticipated to drive the growth of the global rail wheel and axle market over the forecast time period.

According to a PMR study, the COVID-19 outbreak remains a hindrance to locomotive and bogie production activities, worldwide, large production regions such as Germany, China, and India among others. The sales of the rail wheels and axles are expected to decline by US$ 160 Mn in 2020. The COVID-19 pandemic is anticipated to significantly impact the rail wheel and axle market in the short term. However, in the long run, the global rail wheel and axle market will expand at a CAGR of 5% from 2020 to 2030.

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Key Takeaways from Rail Wheel and Axle Market Study

  • Increasing focus on emission reduction leading to replacement of aged diesel locomotives with new ones, owing to stringent emission norms in Europe and North America, is expected to fuel the growth of the global rail wheel and axle market over the forecast period.
  • Based on wheel type, the steel tyred wheels segment is anticipated to witness significant growth, owing to increasing consumption in freight trains.
  • Asia Pacific is alone expected to hold more than 1/3 of the global rail wheel and axle market share.
  • Growing number of players in the rail wheel and axle market have been driving manufacturers to incorporate forward integration, by offering wheel periodic servicing, product consultancy, and installation, to build upon the existing market base and also to occupy the growing aftermarket client base.
  • The aftermarket segment is likely to experience substantial growth during the forecast period, owing to increasing demand for machining of railway wheels. This segment is slated to account more than half of the market share in the sales channel.

“Although demand for rail wheels and axles is mainly driven by increasing locomotive and bogie production, aftersales service is a key winning strategy for market participants, owing to frequent replacement of rail wheels. Also, the ongoing COVID-19 pandemic has disrupted the value chain of the market, and because of this, companies are focusing on the decentralization of their raw material suppliers,” says a PMR analyst.

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Rail Wheel and Axle Market Participant Insights

The global rail wheel and axle market is highly competitive, with various manufacturers offering identical products. Stakeholders in emerging markets are poised to expand their business operations and increase value-addition in their product offerings through portfolio rationalization. Manufacturers are also focusing on improving their R&D capabilities to introduce new lightweight rail wheels and axles, which will help reduce overall weight and maintenance costs, and increase fuel efficiency along the way.

What Does the Future Hold?

Aftersales service is extremely vital in gaining customer confidence, as rail wheels and axles are prone to repeated failures and extreme wear and tear during operations. To provide fast delivery, market participants are focused on the make-to-stock production approach based on rail or train type.

Want to Know More?

PMR has published a market research study on the rail wheel and axle market that contains global industry analysis of 20152019 and opportunity assessment for 20202030. The report provides insightful analysis of the rail wheel and axle market through six different segments, namely, wheel type, axle type, end use, sales channel, product type, and region. The global rail wheel and axle market report also provides supply and demand current trends, detailed overview of the parent market, and a comprehensive list of suppliers and distributors in the market.

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About PMR – Automotive & Transportation

Persistence Market Research’s team of automotive and transportation market experts has been tracking the industry for nearly a decade now. The team has authored 1,000+ reports, covering a broad spectrum – from passenger cars and freight to components and railways. Our market research includes market sizing, forecasting, product, and market segmentation, and a detailed discussion on prevailing and anticipated market conditions. Reach out to us for more information on how we can help.

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Smart Building Market to Reflect Steady Growth Rate by 2026

Smart Building Market: Introduction

The rise in need for efficient energy related inventions in infrastructure industry, increased market for Building automation and control system, and growth in the use of Internet of Things (IoT) in the building management system are some of the factors which are increasing the growth of the smart building market. Some of the other factors like increasing work for development of smart city projects across the globe is expected to provide good opportunities for smart building market.

Smart Building Market: Drivers and Challenges

The constant attention to energy conservation throughout the world and the adoption of green building and ecofriendly infrastructure has led to the construction of smart buildings. This growing market acts as a driver to other smart product markets like occupancy sensors, smart thermostats, and HVAC and lighting controls. The other plus for the market comes from different governments across the world who are promoting the construction and growth of smart buildings. These initiative makes the players who are relating to smart cities projects more interested and thriving to use these products in their respective projects.

The factors which would affect the growth of smart building are the markets like Building Automation, Smart sensors market, growth of construction industry, urbanization rate of the world, shift to digitization for emerging countries and other such factors.

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While there are drivers for the market, the factors like the operability between intelligent buildings and the cost of connecting and deploying the systems to make a smart buildings are some of the factors which are restraining the market.

Smart Building Market: Segmentation

The global smart building market can be segmented on the basis of component, system type, end user and region.

On the basis of component, the smart building market can be segmented into:

  • Hardware
  • Software
  • Services

On the basis of system type, the smart building market can be segmented into:

  • Intelligent Security Systems
  • Building Energy Management Systems
  • Infrastructure Management Systems
  • Network Management Systems
  • Coaxial/Copper Cable

The segment like Intelligent Security System and Network Management System are estimated to be the fastest growing segment for the market due to growing need for integrated security and safety systems and the implementation of the IoT platform in building automation technology.

On the basis of end user, the smart building market can be segmented into:

  • Commercial
  • Residential
  • Industrial

Smart Building Market: Key Players

The smart building market, currently, is considerably competitive, with continuous product and technology developments by established as well as new players. Some of the key players in the smart building market are Legrand, Johnson Controls, Delta Controls, United Technologies Corporation, ABB, Cisco Systems, Inc., Siemens AG, Honeywell International Inc., Intel Corporation, Schneider Electric, IBM Corporation, BuildingIQ, TYCO International, Emerson Electric, Ingersoll Rand Security Technologies, Hitachi and others.

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Smart Building Market: Regional Overview

On the basis of geography, the smart building market can be segmented into North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa. Among the various regions, the smart building market for Europe and North America is expected to dominate during the forecast period, owing to many local vendors in the market. Europe is expected to hold a major share in the global smart building market due to the high demand and adoption of these structures and also due to the rapid technological advancements in the region. Europe and North America regions in the smart building market are expected to be followed by South Asia and Latin America during the forecast period, owing to increased spending on the research on the new technologies. Apart from these the markets in different regions are seen to be specifically connected with the spending power of the countries in the region.

In April 2018, University of Technology, Sydney deployed a systems to cut energy costs of their building which was Cisco’s intelligent building systems for smart energy usage, with an energy management system and building management system controlling essential functions. This product had an upgraded and customized features for UTS provided by Cisco. 

The Smart Building market report covers exhaustive analysis on:

  • Smart Building Market Segments
  • Smart Building Market Dynamics
  • Historical Actual Market Size, 2013 – 2017
  • Smart Building Market Size & Forecast 2018 To 2028
  • Supply & Demand Value Chain
  • Smart Building Market Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Smart Building Market Value Chain
  • Smart Building Market Drivers and Restraints

Regional analysis for Smart Building Market includes:

  • North America Market
    • U.S.
    • Canada
  • Latin America Market
    • Mexico
    • Brazil
    • Rest of Latin America
  • Western Europe Market
    • Germany
    • France
    • U.K.
    • Spain
    • Italy
    • Nordic
    • Benelux
    • Rest of Western Europe
  • Eastern Europe Market
    • Poland
    • Russia
    • Rest of Eastern Europe
  • SEA and other APAC
    • Australia and New Zealand (A&NZ)
    • India
    • ASEAN
    • Rest of SEA and other APAC
  • Japan
  • China
  • Middle East and Africa Market
    • GCC Countries
    • North Africa
    • South Africa
    • Rest of MEA

The Smart Building market report is a compilation of first-hand information, qualitative, and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. 

Smart Building Market Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics of the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and product offerings
  • Potential and niche segments/regions exhibiting promising growth
  • A neutral perspective towards market performance
  • Must-have information for market players to sustain and enhance their market footprint

 

 

About us:

 

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.

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Broadband Power Line Communication Chipset Market Healthy Pace throughout the Forecast during 2018 – 2028

Broadband Power Line Communication Chipset Market: Introduction

As there is a low adoption of broadband in the developing regions and particularly in the rural areas there is ample of opportunity for the broadband power line communication chipset which provide broadband over power lines at cheaper prices. Broadband power line communication chipset helps in transmitting high speed packets (internet) through electrical paths at high rates.

Broadband Power Line Communication Chipset Market: Drivers and Challenges

Among the many drivers of the broadband power line communication chipset market, one of the major factors has been the adoption of smartphones and broadband. This has led people to adopt to the new services like smart homes faster which in turn increases the market for broadband power line communication chipset. As there is low adoption of broadband in developing region, the factors like low maintenance cost and lesser installation time serves as a good prospect to fulfill the increasing demand in these developing regions for the broadband power line communication chipsets.

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However, because of enormous variations in the physical characteristics of the electricity network and virtual absence of international standards make the provisioning of service far from being standard and a repeatable process. This would lead to the slow growth of the market for the broadband power line communication chipsets.

Broadband Power Line Communication Chipset Market: Segmentation

The broadband power line communication chipset market can be segmented into technology, application, modulation, voltage, end-user industry, integration and region.

On the basis of technology, the broadband power line communication chipset market can be segmented into:

  • DCSK
  • OFDM
  • FSK
  • Others

On the basis of application, the broadband power line communication chipset market can be segmented into:

  • Smart Grids
  • Security & Surveillance
  • Long Haul
  • Networking
  • Lighting
  • Machine to Machine
  • Others

On the basis of modulation, the broadband power line communication chipset market can be segmented into:

  • Single
  • Multiple
  • Spread Spectrum

On the basis of voltage, the broadband power line communication chipset market can be segmented into:

  • High (Greater than 110V)
  • Medium (24V to 110V)
  • Low (Less than 24V)

On the basis of end user sector, the broadband power line communication chipset market can be segmented into:

  • Networking
  • Automation
  • Healthcare
  • Transportation
  • Others

On the basis of integration, the broadband power line communication chipset market can be segmented into:

  • Single Chip
  • Multi Chip

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Broadband Power Line Communication Chipset Market: Key Players

Some of the key players of the broadband power line communication chipset market are: Maxim Integrated, Broadcom Ltd., ST Microelectronics, Qualcomm Inc. (Atheros), Semtech Corp., Megachips Corp., Yitran Technologies Ltd., Vango Technologies, Inc., Marvell Technology Group and Intel Inc. (Lantiq), among others.

Broadband Power Line Communication Chipset Market: Regional Overview

On the basis of geography, the broadband power line communication chipset market can be segmented into North America, Latin America, Western Europe, Eastern Europe, China, SEA & other APAC, Japan and Middle East & Africa. Among the various regions, the North America broadband power line communication chipset market is estimated to be a prominent market in terms of value, and the U.S. broadband power line communication chipset markets are expected to be the most attractive market. Moreover, the broadband power line communication chipset market in Europe and North America is expected to register significant growth due to the presence of tier-1 manufacturers in countries like Germany and due to the government initiatives taken by some of the countries in the regions for the broadband power line communication chipsets particularly referring to the smart home initiatives. The broadband power line communication chipset market in Europe and North America is expected to be followed by the China and Japan broadband power line communication chipset markets. Furthermore, as most of the broadband power line communication chipset manufacturers operate from North America and Europe, the broadband power line communication chipset market is expected to gain traction in these regions throughout the forecast period. This can be attributed to market for smart home systems in Europe which is evolving and just behind North America in terms of market value and market growth. Also, the low installation costs with the wide area coverage of transmission line is expected to deepen the broadband power line communication chipset market. The broadband power line communication chipset market in North America and Europe is expected to account for more than 45% of the overall broadband power line communication chipset market.

The Broadband power line communication chipset market report covers exhaustive analysis on:

  • Broadband power line communication chipset Market Segments
  • Broadband power line communication chipset Market Dynamics
  • Historical Actual Market Size, 2013 – 2017
  • Broadband power line communication chipset Market Size & Forecast 2018 To 2028
  • Supply & Demand Value Chain
  • Broadband power line communication chipset Market Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Broadband power line communication chipset Market Value Chain
  • Broadband power line communication chipset Market Drivers and Restraints

Regional analysis for Broadband power line communication chipset Market includes:

  • North America Market
    • U.S.
    • Canada
  • Latin America Market
    • Mexico
    • Brazil
    • Rest of Latin America
  • Western Europe Market
    • Germany
    • France
    • U.K.
    • Spain
    • Italy
    • Nordic
    • Benelux
    • Rest of Western Europe
  • Eastern Europe Market
    • Poland
    • Russia
    • Rest of Eastern Europe
  • SEA and other APAC
    • Australia and New Zealand (A&NZ)
    • India
    • ASEAN
    • Rest of SEA and other APAC
  • Japan
  • China
  • Middle East and Africa Market
    • GCC Countries
    • North Africa
    • South Africa
    • Rest of MEA

The Broadband power line communication chipset market report is a compilation of first-hand information, qualitative, and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Broadband power line communication chipset Market Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics of the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and product offerings
  • Potential and niche segments/regions exhibiting promising growth
  • A neutral perspective towards market performance
  • Must-have information for market players to sustain and enhance their market footprint

 

 

About us:

 

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.

Contact us:

305 Broadway, 7th Floor
New York City, NY 10007
United States

Ph.no. +1-646-568-7751

E-mail id- [email protected]

Website: https://www.persistencemarketresearch.com

 

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Pharmacy Benefit Manager Market Share to Exhibit Steady Growth in the Coming Decade

The global pharmacy benefit manager market is expected to register a global CAGR of 5.5% during 2018 – 2026 with North America accounting for a significant market value share by the end of the forecast period.

PMR delivers key insights on the global pharmacy benefit manager market in its report titled “Pharmacy Benefit Manager Market: Global Industry Analysis 2013 – 2017 and Forecast 2018 – 2026.” Value growth of the global pharmacy benefit manager market is expected to remain attractive as the market is estimated to grow continuously with a CAGR of 5.5% in terms of value during the forecast period 2018 – 2026. On the basis of service, specialty pharmacy services affiliated with pharmacy benefit managers are expected to register the most attractive growth during the forecast period. Based on the demand determinants, health insurance companies functioning as pharmacy benefit managers are expected to gain the highest market share penetration during the forecast period.

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The global annual revenue from pharmacy benefit manager was valued at US$ 437,298.0 Mn by the end of 2017, and is estimated to grow at a steady pace over the forecast period. The dominant region, i.e., North America accounted for a majority share in the global pharmacy benefit manager market. The region is likely to continue dominating the global market over the forecast period.

The incorporation of the pharmacy benefit manager concept was practiced by large industries over a decade ago. With upgraded benefit plans and cost-effective solutions & services, pharmacy benefit managers have been adopted by small- and medium-sized enterprises as well. Pharmacy benefit managers are widely used by all tier companies to streamline the employee health and pharmacy benefits. Thus, pharmacy benefit managers are gaining importance in various commerce sectors. Growth in the global pharmacy benefit manager market is driven by demand for advanced prescription products, focus on reduction of drug cost, regulatory guidelines, and to better manage the member’s health conditions. Key regulatory requirements that drive the pharmacy benefit manager market are changes due to Medicare Part-D guidelines, healthcare reforms, and NCPDP regulations.

The demand for innovative programs, such as disease and patient case management programs, advanced drug utilization programs, and pharmacy-medical integrated products have been the drivers for a number of emerging trends in the pharmacy benefit manager market. Additionally, the influence of social media networking is increasing rapidly in the pharmacy benefit manager arena. Almost all pharmacy benefits managers are responding to these drivers in similar yet distinct approaches.

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The pharmacy benefit manager market in North America is estimated to hold the highest market share in the pharmacy benefit manager market, during the forecast period, due to the high adoption rate of pharmacy benefit manager services and solutions in the commercial sector. The ever-rising mortality and morbidity rates are motivating regional vendors to accelerate their pharmacy benefit manager businesses. Pharmacy benefit management companies are focusing on helping their clientele to manage their health condition more efficiently and effectively. Multiple programs are available in the North American pharmacy benefit manager market that strive to achieve this objective.

The pharmacy benefit manager market has a high potential in Latin America owing to government health programs and health insurance companies combining and utilizing various resources in the market to provide member-healthcare benefits. Thus, the pharmacy benefit manager market in Latin America region will be targeted the most by the pharmacy benefit manager market participants. The need to enhance the effectiveness and efficiency of chronic illness medications is expected to attract the attention of pharmacy benefit manager service providers towards the Latin America region.

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According to PMR analysis, long-term contracts with business partners are expected to help increase revenue and new service strategies will enable pharmacy benefit manager vendors to reach new growth markets. Some of the key market participants in the global pharmacy benefit manager market include Express Scripts Holding Company; CVS Health Corporation; DST Systems, Inc.; Rite Aid Corp.; ProCare Rx.; UnitedHealth Group; Benecard Services, LLC; BioScrip, Inc.; CaptureRx; and Change Healthcare.

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About us:

 

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.

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Increase in Sales of Music Streaming Market to Scale Revenue Growth in the Global Market

Persistence Market Research (PMR) has recently published a report titled “Music Streaming Market – Global Industry Analysis 2013-2017 and Market Forecast 2018-2026.” Music streaming has witnessed an upsurge in the past three years with increasing digitalization and increasing adoption of digital music. As a result of increasing adoption of music streaming, a decline in the market share of downloaded music, in the global digital music market, is witnessed, in terms of value.

The global music streaming market is expected to grow at a CAGR of 19.8% during the forecast period. The music streaming market was valued at US$ 6,423.6 Mn in 2017, and is projected to grow significantly to reach US$ 33,489.4 Mn by 2026 due to complimented by the decreasing data charges and increasing internet speed.

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In this report, PMR has segmented the global music streaming market on the basis of type of streaming, end-user, content type and region. By type of streaming, the market is sub-segmented into rugged live streaming and on-demand streaming. With the increasing introduction of audio music streaming applications, offering advanced features with its subscription based music streaming applications, end-users across the globe have started adopting on-demand music streaming services. However, owing to the presence of huge audience over YouTube, a considerable market share is held by live streaming segment as well. One of the recent development witnessed across this segment, is the introduction of subscription based YouTube music streaming option. This, as a result, is expected to drive the growth of on-demand music streaming segment.

Based on end-user, the music streaming market is sub-segmented into residential and commercial. The growing consumer disposable income and increasing adoption of advanced consumer electronic devices such as smartphones and laptops across the globe, especially across developing countries such as China, India etc. are some of the major factors driving the growth of residential sub-segment, in the global music streaming market. In addition to this, owing to the restricted adoption of music streaming across commercial segment, the same segment is, thus, expected to witness a comparatively lower CAGR, in the global music streaming market.

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Based on content type, the music streaming market is sub-segmented into audio streaming and video streaming. The low cost associated with the advertisements showcased over free video music streaming applications such as YouTube, especially in Asia Pacific region, in comparison to free audio music streaming applications, is one the factor owing for the restricted market value in the global music streaming market. In addition to this, increasing volume of audio music streaming service subscribers globally, complimented by the high prices associated with the subscription across all major audio music streaming applications such as Apple, Spotify, Amazon Music etc., has been a major driving factor for the audio streaming segment.

Furthermore, on the basis of geography, the North America music streaming market is expected to dominate the global music streaming market due to high adoption of digital music in the U.S., availability of resources for offering advanced music streaming experience to the end-users, and high disposable income of the end-users, in the region. The region has witnessed the adoption of advanced data services such as uninterrupted 4G and high speed broadband connectivity since the past four years as well. These factors are fuelling the growth of the music streaming market in North America. Moreover, the music streaming market has high potential in SEA & Pacific and China owing to the increasing adoption of free music streaming applications such as JOOX, Saavn, Gaana etc.

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According to PMR analysis, increasing awareness against the adoption of pirated content, high growth opportunities across developing countries and increasing establishments of new music streaming service providers are likely to increase revenue and new innovation strategies to enable music streaming manufacturers to reach new growth markets. Some of the market participants in the global music streaming market report include

  • Apple
  • Google
  • Amazon Music
  • Spotify
  • Deezer
  • SoundCloud
  • Pandora
  • JOOX
  • TIDAL
  • iHeartRadio
  • Others

 

 

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Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.

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Growing Adoption Across End-Use to Fuel Sales of Automated Border Control Market During 2018 – 2026

Automated border control systems are essential to ensure safety of a country and avoid border laws prohibition. The system is gaining popularity with the increasing safety concerns and risks globally. A new research report by Persistence Market Research (PMR) highlights the global automated border control market in its new research report titled ‘Automated Border Control Market: Global Industry Analysis 2013-2017 and Forecast 2018-2026’. According to the market forecast by PMR, the recent adoption of automated border control system, which is taking place at a fast pace, is helping its global market to grow at a skyrocketing CAGR of 18.4% during the forecast period 2018-2026. The growth is expected to help the global automated border control market reach at a value of over US$ 2,900 Mn by the end of 2026.

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Global Automated Border Control Market: Overview

The border control systems are deployed at airports, seaports and land borders, where a large number of passengers cross borders every day. The kiosk and eGates system stores each passenger’s information in their database. Increase in corporate travel and simplification & flexibility in border crossing process are some of the primary factors which are fueling the growth of the automated border control market. Among various application areas of automated border control systems, airports are expected lead with the highest market share and exceptional CAGR of 19.6% during the forecast period. However, other application areas are also progressing at a significant rate due to increase in the application of systems.

The regional forecast depicts that Europe is expected to hold the highest market value by the end of forecast period. The growth in Europe is driven majorly with the help of government initiatives taken in the region. The European Union noticed that more than 85% of all international travel to the EU comes from within the region. This has led to the launch a new projects that could enhance the customer experience by simplifying the process of border crossing, immigration, and biometrics, while maintaining security and increasing the use of automated border control systems. The European region is expected to reach a market value of over US$ 1,000 Mn by the end of 2026, growing at a CAGR of 20.9%. However, in terms of growth rate SEA and APAC is also expected to witness a stellar CAGR of 18.7% during the forecast period. The growth is also a result of rising efforts by the region to provide efficient travel systems. Many initiatives are being taken by the governments to reduce security breaches at airports and Land Borders, so as to provide a seamless and secured travel experience to customers. With an increase in the number of passengers traveling nationally and internationally, new systems are being installed or integrated with existing systems to enhance security at border crossings.

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Global Automated Border Control Market Strategy and Competition

Product launches and innovations help increase business revenue by increasing customer base and providing automated border control systems to border authorities, and creates a strong market presence. Collaborations and partnerships are expected to remain as the key strategies of key players in this market to increase their sales growth.  The leading companies in the market are

  • Gemalto N.V.
  • Indra Sistemas, S.A.
  • Atos SE
  • SITA SA
  • IDEMIA Group (OT-Morpho)
  • Secunet Security Networks AG
  • Vision-Box
  • DERMALOG Identification Systems GmbH
  • Veridos GmbH
  • Gunnebo Group
  • Vancouver Airport Authority
  • Others.

 

 

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Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.

Contact us:

305 Broadway, 7th Floor
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Revenue from the Sales of Fast Rectifier Market to Exhibit Prominent Growth During 2018 – 2026

Fast Rectifiers, in the era of fast changing market of electronic and semi-conductor industry, have a noteworthy impression on the time-to-market of any product in circulation. Growing adoption of fast rectifiers in strobe applications that require high surge resistance is one of the prime factors which is driving the growth of the global market. Moreover, industrial, commercial, and automotive sectors are identified to significant support market growth. The increasing number of vehicles and rise in electrification have created potential opportunities for the market players to capitalize on.

“According to the report published by Persistence Market Research (PMR), the global fast rectifier market is projected to exhibit a CAGR of US$ 4.9% from 2018 to 2026. It is expected to touch approximately US$ 2,719 Mn by the end of 2026 rising from a valuation of over US$ 1,792 Mn in 2017”.

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Vehicle Electrification to Trigger Demand for Fast Rectifiers

The increasing electrification in vehicles such as the emergence of hybrid and electric vehicles. This factor is influencing the expansion of the market for fast rectifiers in various regions such as North America, Europe both Western and Eastern, and Asia Pacific. These hybrid and electric vehicles have relatively a higher semiconductor content as compared to conventional vehicle models. With the surging demand for fuel and operational efficiency, electrification is an attractive option for construction, commercial, and agricultural vehicles. Fast rectifiers are integrated in electric and hybrid vehicles to significantly reduce the commutation losses in output rectification circuits. These dynamics are forecasted to fuel the growth of the fast rectifier market across the globe.

Fast Rectifiers are deployed in several areas such as power generation systems, factory automation, industrial motion control, and transportation and railways systems. At present, industries in countries such as India, Japan, Germany, U.S. and China are moving towards robust digitization and are creating ideal conditions for software-based embedded systems, automation, and manufacturing which is expected to generate huge demand for fast rectifiers across the globe. Moreover, the rising demand for smart ICT-based machines, networks, and systems is expected to give rise to incremental opportunities for the market in the coming years.

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Changing Taxation and Tariff Policies for Electronic Equipment to Inhibit Market Growth

In the recent past, it has been observed that, countries in various regions such as North America,  Asia Pacific, and Western Europe are changing import tariffs and taxes imposed on electronic instruments and consumer electronic products, which is an aspect negatively impacting the sales of semiconductors and related electronic devices in these regions. The decreasing sales of the equipment owing to the taxation policies and tariffs might slow down the growth of the global fast rectifier market in the near future.

Companies covered in Fast Rectifier Market Report

Company Profile

  • ON Semiconductor Corporation
  • STMicroelectronics
  • Diodes Incorporated
  • ROHM Semiconductor
  • Infineon Technologies AG
  • ABB
  • Vishay Intertechnology
  • Microsemi Corporation
  • Maxim Integrated
  • Sanken Electric Co., Ltd
  • Others.

 

 

About us:

 

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.

Contact us:

305 Broadway, 7th Floor
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E-mail id- [email protected]

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GCC Activated Carbon Market is set to garner staggering revenues by 2029: Persistencemarketresearch Study

gcc activated carbon market

The activated carbon market in GCC (Gulf Cooperation Council) regional union is set for a robust growth outlook at 7.8% CAGR during 2019 – 2029. As suggested by a new Persistence Market Research (PMR) study, widening application base in air and water purification projects will primarily drive the GCC activated carbon market.

With rising concerns over public health, the governing bodies have implemented stringent regulations on environmental purification procedures. This remains a massive opportunity for activated carbon manufacturers.

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Key Takeaways from the Detailed Activated Carbon Market Study:

  • Granular activated carbon will account for a market share of 45% by 2029, with extensive applications in mining industry.
  • Demand for liquid phase activated carbon is projected to grow at a CAGR of 7.6% through 2029, with a majority of adoption in water treatment and food & beverages industries.
  • Owing to the significant presence of water treatment industry, KSA (the Kingdom of Saudi Arabia) represents nearly 1/3rd of the overall GCC market. UAE (United Arab Emirates) will also prevail as a lucrative market for activated carbon manufacturers.
  • Key players are emphasizing new product developments and strategic collaborations.
  • Water treatment sector will remain the top end-use application area.

“Rising exploration in purification methodologies revolving around diverse chemical and material industries boost the growth of activated carbon market. Seeking effective and economic activated carbon solutions would contribute to environmental sustainability, thereby benefiting the future industrial and commercial aspects,” says a PMR Analyst.

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Stringent Regulations Propelling Demand for Activated Carbon Across GCC

Owing to rising environmental hazards, governing bodies have imposed strict norms on mercury and other toxic gas-emitting power plants. Furthermore, a majority of countries in the Middle East are taking necessary measures to control mercury emissions. Moreover, petroleum, manufacturing, and chemical plants are in need of air treatment processes. All these factors combined are fueling the demand for activated carbon, which plays a vital role in air purification.

The need for water purification is equally higher, thus further escalating the demand for activated carbon in various industries. Owing to rising demand for usage in these environmental procedures, the GCC activated carbon market is projected to witness healthy growth during the forecast period.

Company Profile,

  • Cabot Corporation
  • Donau Carbon GmbH
  • JACOBI CARBONS GROUP
  • Calgon Carbon Corporation
  • Fujairah Chemical
  • NTC Dubai
  • DUBI CHEM Marine International
  • Veolia Water SA
  • Carbon Activated Corporation

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Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources.

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