Thursday, October 25, 2018

Increasing Demand of High Processing Speed to Drive the Demand of High Performance Computing Devices : Ken Research


According to study, “Global High Performance Computing Market - Trends & Forecast, 2017-2023” some of the major companies that are currently working in the global high performance computing market are IBM Corporation, Hewlett Packard Enterprise Company, Intel Corporation, Microsoft Corporation, Cisco Systems, Inc, Advanced Micro Devices, Inc., Fujitsu Ltd, Oracle Corporation, Dell Inc, Hitachi Ltd.
High-performance computing (HPC) is the use of super computers and parallel processing techniques for solving complex computational problems. It is typically used for solving advanced problems and performing research activities through computer modeling, simulation and analysis. It has the ability to deliver sustained performance through the concurrent use of computing resources. An HPC system involves all types of servers and microservers used for highly computational or data intensive tasks. Presently, HPC has been firmly linked to the economic competitiveness and scientific advances it is becoming important to nations.
HPC evolved due to meet increasing demands for processing speed. It brings together several technologies such as computer architecture, algorithms, programs & electronics, and system software. A highly efficient HPC system requires a high-bandwidth, low-latency network to connect multiple nodes and clusters. It is implemented in multidisciplinary areas such as climate modeling, oil & gas industry modeling, geographical data, biosciences, electronic desing automation and media & entertainment. They are used for completing an operation under a tight deadline, performing a high number of operations per second and completing a time consuming operations within the stipulated time.
On the basis of component, market is sub-segmented into the server, storage, networking devices, and software. On the basis of deployment, market is sub-segmented into on-premise, and on-cloud. On the basis of organization, market is segmented into small & medium sized enterprises and large enterprises. Moreover, on the basis of verticals, market is sub-segmented into IT & telecommunications, BFSI, retail, healthcare, manufacturing, energy & utilities and transportation.
There are some growth drivers of HPC market such as a higher rate of HPC adoption in government, industrial, and enterprise application, need for high computational capabilities & complex application management and adoption of cloud high-performance computing etc. Some restraining factors for HPC are lack of expertise & high cost in maintenance and advancement in high performance workstations etc.
Nowadays, there is a huge demand of HPC, from the industrial and government. This technology is emerging prominently in government for national defense and security requirements. HPC is proving beneficial for development and design of advanced vehicles, weapons, high-resolution image processing, satellite mapping, and cryptographic analysis. It is the main reason that tends the government to invest in high-performance computing.
HPC is highly adopted in aerospace, automotive, steel and welding, consumer packaged goods and manufacturing, energy consumption and production, healthcare, finance, sports and entertainment, weather forecast and space research. The US is adopting high-performance computing in different industry verticals. It has helped many industries and enterprise to discover new things, and innovating their products and services.
In 2017, global HPC computing market had generated USD 31 billion. North America holds the largest market share in the high performance market due to the rapid adoption of the latest technological advancements. Networking devices provide organizations with optimum networking solutions that help them overcome the issues of traditional networks that are highly static and associated with high operational overheads and manual intervention. The market is growing increasingly due to technological advancements, data convergence and stable memory development. It is expected to reach a market value of USD 50 billion by 2023 growing with 8% CAGR.
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Wednesday, October 24, 2018

Emerging Landscape of Global E-Drive for Automotive Market Outlook: Ken Research

According to the report analysis, ‘Global E-Drive Automotive Market Research Report – Forecast To 2023 states that some of the major companies which are currently functioning in this sector more actively for attaining significant growth and dominating the highest share across the globe includes Robert Bosch GmbH (Germany), Siemens AG (Germany), GKN PLC (U.K.), ZF Friedrichshafen AG (Germany), ACTIA GROUP (France), Hitachi Automotive Systems, Ltd (Japan), Continental AG (Germany), Magna International Inc (Canada), MAHLE GmbH (Germany), BorgWarner Inc.(US), and ABM Greiffenberger ( Germany). Moreover, for moving the vehicle back and forth, numerous types of power modules such as controller and investors are used and it further can also be used in premium class vehicles and a sports car. There have been significant technological developments in the automotive industry that will have a significant impact on the e-drive for the automotive industry.
An electric drive is an electromechanical device which is majorly used for transforming electrical energy into mechanical energy that enables a motion to the wheels of the vehicles. A typical e-drive system comprises of an electric motor and a regulator system used for controlling the rotation of the motor shaft. Moreover, a trend in the design of a few electromechanical devices is towards miniaturization, to make them an unobtrusive as possible, either for health care setting or as wearable units. The surge in the fuel price will boost the demand for electric vehicles, increase in utility programs to support the adoption of electric vehicles and driver’s impact analysis are the major key drivers of the global E Drive for Automotive market. Whereas, the high price of electric drives system and restraints impact analysis are the main restraints in the growth of the E Drive for Automotive market. Not only has this, but the emerging economies also seeks more opportunities for electric vehicles is the major opportunity for the extensive growth of this market. In the recent trend, the global markets of E drive for automotive have grown more efficient.
The E-drive market for automotive has a substantial demand due to the global rush in the fuel prices. Moreover, the numerous stringent government models adopted globally for supervision the pollution levels and an upsurge in sales of hybrid and electric vehicles will principal to the market growth. The significant increase in utility programs also supports the adoption of electric vehicles which adds to the growth. Additionally, with the effective applications and develop the market is spread across the globe which majorly includes North America, Europe, Asia Pacific region and the rest of the world. The market key players are more tending towards electric vehicles and have started serving the EV range for models including, hatchbacks, sedans, large family cars, vans, and several others.
The significant increase in the deployment of grid systems will support the charging of electric vehicles and will lead the requirement for electric drive systems. The development of electric vehicles sales in surging economies is a general growth occasion for e-drivers. Therefore, in the coming years, it is expected that the market will grow more significantly across the globe over the decades.
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Energetic Landscape of Global Power Transformer Market Outlook: Ken Research

The industry of energy and utilities industry is growing more extensively with the category of power transformer market across the globe. As the power transformer can be distinct as a technology that conveys an inclination to source power as and when need without elapsing to conventional sources.  Moreover, the power transformer is a kind of transformer which can be used for transferring electrical energy in any part of the electrical or electronic circuit between the generator and the distribution primary circuits. The power transformer systems can underwrite to ultimate use of generation and grid assets, and support emissions reductions in numerous economic segments. The global power transformer market has been spilt differently in the different aspects of the market such as cooling type, power rating and region. Whereas, on the basis of cooling type, the industry has been divided into oil-cooled transformer and air–cooled transformer meanwhile, oil-cooled transformer section is accounting because of the winding and core occupied in mineral oil, which is a good electrical insulator to chunk the flow of current with the oil for effective heat removal form core and winding.

According to the report analysis, ‘Global Power Transformer Market Research Report - Forecast to 2023’ states that some of the major companies which are currently functioning in this sector more effectively for attaining the huge share across the globe includes ABB Ltd., (Switzerland), Schneider Electric (France), Siemens AG (Germany), Crompton Greaves Ltd. (India), Mitsubishi Electric Corporation (Japan), Toshiba Corporation (Japan), Bharat Heavy Electricals Limited (India), Hyosung Power & Industrial Solutions (South Korea) and SPX Transformer Solutions, Inc. (U.S.), SGB-SMIT Group (Germany), and Hyundai Electric & Energy Systems Co., Ltd. (South Korea) and several others. Moreover, the global power transformer market is accounted to rise and register a CAGR of 8.7% over the near future. The key players are dominating the significant growth with the effective working and projection of new research and development programs. Whereas, with some prominent operators which are extensively support the market of power transformer across the globe grow in distribution and transmission infrastructure investments and growth in renewable energy segment. Meanwhile, the high initial price of such products is the restraining key factor for the market of power transformer.

On the basis of region and with the significant growth in demand, the global power transformer market is spread across the globe which majorly includes North America, Europe, Asia Pacific region and rest of the world. Whereas, the North America and Europe is expected to dominate the major share together across the globe. Not only has this, the Asia Pacific region is also showing their effective efforts for accounting the significant share by adopting advanced technologies and with the efficient strategies and policies. Moreover, based on the power rating, the market has been split into small power, medium power and large power whereas, the small power accounting the market of power transformers as it involves more than three windings, auto-transformer, single phase and low noise generating. Therefore, in the coming years it is expected that the market of power transformer market will grow more significantly across the globe over the decades.

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Premiumisation to Enhance Chile Spirits Industry: Ken Research


Chile produces inexpensive, fruity and consistent wines because it is a home to near-perfect viticultural conditions. The country has almost 500-year wine making history, and possesses few of the biggest and most efficient wine-producing companies on the planet. Chile has relatively inexpensive labour and land that is well-suited to grow most sought-after international red and white grapes. Spirits are known by different name in different region such as hard liquor and liquor. All variants of spirits are manufactured using distillation, vaporization and condensation processes. Almost all the distilled beverages or spirits consist of more than 10% alcohol. Various spirits available in Chile are vodka, gin, tequila, rum, whisky, brandy, cane, natural spirits and flavoured spirits. Beer, wine and cider are not considered as spirit as alcoholic content in these products is less than 10%.

According to the study “Country Profile: Spirits in Chile”, Chile is one of the major wine-importing nations in terms of supply and manufacturing inexpensive spirits or wines. The country has repositioned itself as a producer of top quality, higher-priced wines over the recent years. All the manufacturing companies in Chile collaborate with huge supply chain and the most leading competitive spirit markets. The spirit products in Chile are desirable in terms of taste, style, varietal composition, crucially and price. Therefore, the country is a mainstream market more broadly for spirits and better than any other spirit or wine-producing country outside of Europe. The country is aiming to re-establish its spirits market with premium and quality products.

The leading players in Chile’s spirits industry are Thai Beverage Company, Pernod Ricard SA, Diageo plc, Bacardi Limited, Gonzalez Byass S.A., Miguel Torres SA, Davide Campari-Milano S.p.A, Distell Group Limited, Brusco Family, Fehrenberg Y Cia Ltda and Lorch. Brandy accounts for a major share in consumption of Chilean spirits market followed by vodka. The leading brands within the Chilean spirits sector are Capel, Johnnie Walker, and Campanario. The major distributors within the Chile’s spirits industry are hypermarkets, supermarkets, department stores, convenience stores, food & drinks specialists, dollar stores, vending machines, e-retailers, on-trade and other general retailers. All the spirits manufactured in Chile use glass, rigid plastics, rigid metal and others packaging materials which are dispensed in the form of bottles and cans.

Chile possesses great wines and there is a great need for premiumisation to drive the spirits market over the next few years. To drive a healthy growth within the spirits industry over the next few years, the industry is implementing a four-pronged approach in terms of boosting international image, sustainable wine making credentials, need for innovative wine growing approaches and promoting Chile’s viticultural areas.

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Positive Impact Of Educational Robotics In The Global Education Market Outlook : Ken Research


The industry of education is rising significantly with the introduction of robots in this industry which are playing efficient role for the positive growth. The development in the technology and current scenario of the existing technology in the education industry represent the outstanding growth in the near future. According to the report analysis, ‘Education Market Research Reports states that the teaching of students with the robots results increase in the ability of learning skills, improvement in the creativity, make the students more innovative and more productive members of society. The government of the respective regions have already rearranged the benefits of the robotics in the classroom and have started to build the programs and policies which would blend it with the education system. By teaching through robots the students can expose their skills more significantly in the area of education more effectively.
Learning programming is a very difficult task for a students and it is an effective skill in the recent trend in the lives of students which is helpful to a get a job whereas, the introduction of robotics in the classroom makes it simpler to understand the programming and make it more tangible as it is more complex for many students to cater. The robots help in learning skills more accurately and easier and have fun while learning valuable things related to gaining education and lessons. With the robots the learners have a wide pool of opportunities to create something tangible and have an ability for improving the creativity, their engagement level increases by which they can retain more information. According to the report analysis, ‘Education Industry Analysis’ states that with the increase in the companies of the robots resulted innovated ideas for equipping the knowledge of design and introduction of innovated robots in the classroom the learners can disclose any interest in an interesting manner and build the interest of another students in the respective fields. In a research it is observed that without the robots in the classrooms, no one come to know the exact potential creator of anything and innovators more effectively and sometimes with the fear of teacher the students are not willing to take their doubts or problems and can’t be able to disclose the knowledge in an appropriate way. Moreover, the existence of robots in the classrooms help the students to turn their frustration into the creativity and innovations and students will be able to determine the challenges in the area of relevant education sector.
On the basis of geography, the developed countries are doing prominent job in this sector with the introduction of robots in the classrooms and fueling the market effectively. Whereas the Europe is accepted for accounting the highest market share with the more development and new innovations in the technology of robots. In addition, the North America is doing more research and development programs for enhancing the features of robots in the classrooms and the key players of this region is also investing more significantly which make the market more competitive. China and Japan of Asia Pacific region is dominating the market of robots in the education industry as expected.
With the numerous key player of robots across the globe make the more competitive and attractive which can attract so many new investor who are going to support the market financially. Therefore, in the coming years it is expected that the market of robots in the education industry will lead the growth more significantly over the decades with the more development in the specifications of the robots by the active players across the globe.
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Increasing Landscape Of Global Solid Oxide Fuel Cell Market Outlook: Ken Research


The solid oxide fuel cell is an electrochemical device which is helpful in generating electricity by oxidizing fuels with the electrochemical conversion. This process of generating power is highly effective due to the low noise levels and vibration free operation. Moreover, the solid oxide fuel technology is capable of producing energy from various sources such as natural gas, diesel and propane. Furthermore, it has a ceramic electrolyte and solid oxide. Solid oxide fuel cells have a huge variety of applications, from use as auxiliary power units in vehicles to stationary power generation with effective output. Moreover, on the basis of type the solid oxide fuel is segmented into planar and tubular. By mobility, it has been split into stationary and potable whereas, on the basis of application it is also divided into power generation, combined heat & power and military. Hence, with the wide classification and applications of this, the demand will grow faster and lead the market growth more effectively in the coming years.

According to the report analysis, ‘Global Solid Oxide Fuel Cell Market Research Report – Forecast Till 2023states that some of the major companies which are currently functioning in this sector more actively for defeating the requirement of the potential consumer includesFuel Cell Energy, Bloom Energy, Ceres Power Holdings plc., Ceramic Fuel Cells Ltd., Delphi Technologies, Atrex Energy, Inc., Convion Fuel Cell Systems Ltd., Elcogen SA, WATT Fuel Cell Corporation, Protonex, Redox power Systems LLCand several others. The key players are playing significant role by adopting the effective strategies and policies for attaining the highest amount of share. Moreover, the research and development activities are done by the key players for gaining effective opportunities and providing the developed product at a reasonable price. The power generation segment held the largest market in 2017 and is projected to dominate the market in the forecasted period.

Geographically, with the extensive usage of this product market is spread across the globe which majorly includes North America, Europe, Asia Pacific region and rest of the world. Whereas, the North America and Asia Pacific region doing research and development programs which will drive the growth of the market in the forecasted period. Moreover, SOFCs can be used in a large number of applications, which majorly includes power generation for data centers, household in Japan and Army bases in US. The production of energy is the main cause for the rise in emissions, and with growing global demand for low emission systems, SOFC market is projected to increase significantly in the forecasted period.

On the basis of end-use application the market is segmented as commercial & residential, data centers, retail and auxiliary power unit. Whereas, the data centers accounted the huge market share in the near future because of the increased usage of cloud computing in market which involves food and beverages, production, gas and oil, retail and IT. Therefore, in the coming years it is expected that the market will grow more significantly across the globe with the effective working and adoption of efficient policies and strategies over the decades.

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Oman Plastic Pipes Market is driven by Adoption of new agriculture Practices such as Drip Irrigation and Green House Farming and Rising Private Participation in Infrastructure and Real Estate Development: Ken Research

Muna Noor opened its new exclusive store in order to improve its reach to the end user.
Positioning of Oman Plastic Pipe Market
Oman plastic pipe and fitting market is in its late growth stage. The market has registered a single digit five year CAGR during 2012-2017. The raw materials used in manufacturing of plastic pipes and fittings are easily available in the country and is the very important reason for high value of domestic manufacturing. The market depends largely on the infrastructure growth in the country. The market has grown at slower pace than expected due to economic crisis (due to fall in oil price) that has engulfed Oman.

Private Participation Leading to Improving Economic Situation
The economic slowdown has adversely affected the infrastructure sector of the country as government spending has reduced substantially over the years. The steps taken by government in order to achieve economic diversification had a positive effect on the plastic pipe and fitting market. Infrastructure projects undertaken by the private sector have increased in value over the last few years and had positive Impact on the market. Construction of Duqm special economic zone have also boosted the plastic pipes and fitting market. Among plastic pipe and fitting market plastic fittings are mostly imported from neighboring countries. Water conservation is one of the major trends that can be observed in Oman which has affected the plastic pipe and fitting market a lot.

The newest type of pipes such as ABS, PPR, PPX are of high quality but at the same time are very high priced. Amiantit Oman, Muna Noor, Hepworth are some of the players in organized sector of plastic pipe and fitting. There are less than 10 players in the organized market and these companies manufacture high grade of plastic pipe and fittings. The players in unorganized market mostly manufacture PVC pipes only.

According to Ken Research report titled “Oman Plastic Pipe and Fitting Market Outlook to 2022 By Type of Pipe (UPVC, CPVC and PVC, PE, Others) and By End User Application (Irrigation, Water Supply & Sewage, Plumbing, Chemical & Oil, Others)” infrastructure growth, increase in tourism and readily available raw materials are the major growth drivers in Oman plastic pipe and fitting market. Low oil prices, poor conformation to industry standards and lack of injection molding techniques are the major restraints in the growth of the fittings market.

Key Topics Covered in the Report:
Oman Pipes Fittings Market
HDPE Pipes Industry Oman
PPR Pipes Market Oman
Plastic pipes manufacturing Oman
Plastic Pipes for Oman Water Projects
Plastic Pipes and Fittings Manufacturing Oman
Plastic Pipes Manufacturers Oman
By-Products of Plastic Pipes
PVC resins Market Oman
Plastic Pipes Applications Oman

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Developing Landscape of Global Immortalized Cell Line Market Outlook: Ken Research

The industry of health care is growing more significantly with the extensive development in the technology of treatment. Whereas, the category of pharmaceuticals is also growing with the change in the techniques. Moreover, the immortalized cell lines are either tumorous cells which do not stop piercing or cells which have been artificially influenced to flourish indefinitely and can, thus, be cultured over the numerous generations. In addition, HepaRG and Hep G2 cell lines are most generally used for toxicity studies among the recently present human hepatic cell lines. The global market of immortalized cell lines is segmented differently in the various aspects of the market such as by method, applications, end-user, and region. Based on the method, the market is split which includes virus induction, HTERT Expression, Inactivation of Tumor Suppression Genes whereas, on basis of application the market is segmented which involves diagnostics, drug discovery, vaccine production, and tissue engineering and regenerative medicines. Therefore, with the broad classification and application, the market has grown more significantly in the recent trend.
According to the report analysis, ‘Global Immortalized Cell Line Market Research Report – Forecast To 2023 states that some of the major companies which are currently functioning in this sector more effectively with the effective strategies and techniques for attaining the highest share and defeating the demand of potential buyer includes Thermo Fisher Scientific, ATCC (American Type Culture Collection Inc.), Valneva, Sartorius AG, Lonza Group, AG, Merck KGaA , Selexis SA, Wuxi App Tec, European Collection of Authenticated Cell Cultures (ECACC), Corning Incorporated and several others. Moreover, the key players are playing an effective role by doing active functioning in the market and projecting new research and development programs by which they can produce the innovative product at a reasonable price. Furthermore, the immortalized cell line plays an effective role in cell biology while reviewing a multicellular organism and their biochemistry. The requirement of immortalized cell lines is increasing more significantly and so as the applications. Whereas, the significant adoption of this in stem cell therapy operate the growth of the industry.
On the basis of region, the market is segmented across the globe which majorly includes highly developed regions such as Americas, Europe, Asia Pacific and rest of the world. Meanwhile, the Asia Pacific region is the fastest growing market, which is expected to grow at a CAGR of 10.0% during the period 2018 to 2023 and the global immortalized cell the market is anticipated to reach USD 4,105.6 million by 2023 at a CAGR of 9.3% from 2018 to 2023. Moreover, on the basis of the method, the virus induction accounted for the highest market share of 39.9% in the year 2017 and was evaluated at USD 965.9million in the same year. The Americas hold the highest market share across the globe in the market if immortalized cell line which is anticipated to reach USD 1,505.4 million by 2023. Furthermore, based on the application of the immortalized cell line, the diagnostic accounted for the highest share in the market which is of 32.1% in 2017.
The key players are analyzing the various aspects and the demand of potential buyer for gaining and offering the best opportunities and make the market more competitive. Therefore, in the coming years, it is expected that the market of immortalized cell lines will grow more significantly across the globe over the decades.
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Emerging Landscape Of Global Bottled Water Market Outlook: Ken Research


According to the report analysis, ‘Bottled Water Global Market Opportunities And Strategies To 2021 Including: Natural (Spring+Mineral - Still, Spring+Mineral - Sparkling) Bottled Water, Treated (Packaged Drinking Water - Still, Packaged Drinking Water - Sparkling, Flavored - Still, Flavored - Sparkling, Functional Water) Bottled Water. Covering: Danone S.A., Coca-Cola Inc., Nestle S.A., PepsiCo Inc., Nongfu Spring Limited, Tingyi Holdings Ltd., Hangzhou Wahaha Group Co’ states that some of the major companies which are currently functioning in this domain in a more auspicious manner for attaining the highest share across the globe includes Yangshengtang Co. Ltd, Ting Hsin, China Resources beer holding Co., Hangzhou Wahaha Group Co, Hua Run, Tirta Bahagia Group, Sinar Sosro, Bisleri, Suntory, Kirin, Asahi, Spritzer Bhd, F&N Foods, Coca Cola, Danone, Nestle, PepsiCo, Sweire Coca Cola, Vittel, Fiji Water, La Croix, Highlan Spring, Valser Service, S. Pellegrino, Narzan, Borjomi, Starzinger, Preblauer, Gasteiner Mineralwasser GmbH, Grupo Edson de Queiroz, Lindoya, ivess, FEMSA, Aguas CCU-Nestle Chile SA Cervecerias Unidas, Les Eaux Minerales d’Oulmes, Societe des Eaux Minerales du Cameroun, Coca-Cola South Africa (PTY) Ltd, Nestle South Africa, Chamonix and several others. Moreover, on the basis of packaging, plastic bottle was the largest sector in the global bottled water market whereas, by pack size, 1,501.0 ml and above was the largest sector in the bottled water market across the globe.
In the recent trend, undoubtedly, the population has become more aware related to the health care products which majorly include beverages such as non-alcoholic. The key players of bottled water are indulged in purifying and bottling water, and then distributing and marketing it for commercial purpose and use in personal. Whereas, the End Users for the bottled water group establish both off-trade and on-trade consumption that involve retail consumers and institutional. The retail consumers can buy bottle water from several retail or food facility formats meanwhile, the institutional customers such as offices, restaurants and hotels purchase bottled water from distributors and wholesalers. With the growing demand for bottles water the market is growing more actively across the globe. On the basis of product type, the packaged drinking water-still has been the major sector in the bottled water market across the globe.
The consumers of bottled water are increasing more actively by adopting the new products with the significant health benefits. Moreover, the key players are doing innovative packaging of bottled water which lead the market growth across the globe which majorly includes highly reputed regions such as Asia Pacific region, North America, Western Europe, Eastern Europe, South America, Middle East and Africa. Whereas, the bottled water market in Asia-Pacific region is the largest across the globe by volume. This is currently has about 42.5% share of the global bottled water market. In America, the bottled water market is accounting the second largest market share in the world by volume.
With the effective working of key players and effective research and development lead the market growth more significantly. Therefore, in the coming years it is expected that the market of bottled water will grow more significantly across the globe over the decades.
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Emerging Landscape of Global Metal Recycling Market Outlook: Ken Research

Metal Recycling Market- According to the report analysis, ‘Global Metal Recycling Market Research Report-Forecast Till 2023’ states that some of the major companies which are currently working in this sector more effectively with the effective strategic policies and for defeating the growing demand of potential buyers includes ArcelorMittal S.A. (US), Nucor Corporation (US), Commercial Metals Company (US), NovelisInc (US), Norton AluminiumLts. (UK), and Kuusakoski(Finland). European Metal Recycling (UK), DOWA Holdings Co., Ltd. (Japan), Aurubis (US), Sims Metal Management (Australia), Real Alloy (USA), and Tom Martin & Co Ltd.(UK). Moreover, the key players are playing an effective role for making the market more competitive and profitable by which the more investors are willing to enter this market and support financially. The metal recycling is a foolproof solution for maintaining the metal scrap with the quality and quantity of metals which are not altered even after the huge reuse. The significant increase in the usage of metal in end-use industries leads to the exhaustion of natural metal possessions. Hence, the market will grow more effectively in the forecasted period.
Scrap involves recyclable materials left over from product built-up and consumption, such as parts of buildings supplies, surplus materials, and vehicles. Dissimilar waste, scrap has a money value, particularly recovered metal, and non-metallic materials are also improved for recycling. Moreover, the scrap metals include copper, aluminum, steel, brass, and iron can be reused numerous times to manufacture a new product. Reprocessing of scrap metal decreases the amount of waste manufactured, preventing the need for more mining to gain new metals for producing purposes. After the recycling process, these scrap metals can be used for a variety of applications in, both homes and producing industries. Moreover, the scrap metal segments in the market differently which includes by metal type, scrap metal, end-user, and region. Whereas, based on the metal type the scrap metal is further classified which involves ferrous and non-ferrous furthermore, by scrap metal the market segmented into old scrap and new scrap. Hence, in the recent trend, the market has grown more efficient.
On the basis of region and with the significant increase in the demand the market is spread across the globe which majorly includes the highly reputed and developed region such as Americas, Europe, Asia-Pacific region, Middle East & Africa and rest of the world. Whereas the global metal recycling market is anticipated to grow at 8.0% CAGR in the forecasted period and in 2017, the market was led by the Asia Pacific region with a positive share of 3.6%, followed by Europe and North America with the share of 29.0% and 19.3% respectively.
The market of metal recycling across the globe is majorly operated by various key factors such as an increase in awareness about the energy conservation and natural resources, significant increase in demand for beverages cans, and reduced greenhouse gas emissions. In addition, urbanization and industrialization in underdeveloped nations have generated an opportunity for market growth in the near future. Therefore, in the coming years, the global market of metal recycling will grow more significantly over the decades with the effective working of key players.
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