Friday, January 3, 2020

Growth in Awareness about Health & Hygiene Expected to Drive Global Cosmetic Bottle Market over the Forecast Period: Ken Research

Cosmetic bottle is a narrow-necked container made of a water-resistant material in various shapes and sizes. Cosmetic bottles packaging generally refers to the primary packaging and casing of cosmetics mainly in packaging products such as cans, bottles, pouches, jars, tubes, bags, and among others. The packaging for cosmetic & beauty products is specialized for consumer functionality, protection, and brand positioning.
According to the study, "Global Cosmetic Bottle Market Size study, by Material (Plastic, Glass, Metal, Others), By Application (Skin Care, Hair Care, Nail Care, Others) and Regional Forecasts 2018-2025” the key companies operating in the global cosmetic bottle market are worldwide Packaging LLC, Quadpack Industries S.A., Amcor Limited, CCL Industries, Sinclair & Rush Inc., Sonoco Products Company, Albea Beauty Holdings S.A.The key players are investing in research & development(R&D) of quality based cosmetic products having superior and improved functionality coupled with attractive packaging thus driving the global market growth.
Global Cosmetic Bottle Market
Global Cosmetic Bottle Market
Based on material type, the cosmetic bottle market is segmented into glass, plastic, metal, and others. The plastic segment holds a major share in the market owing to its convenient & hygienic qualities. Plastic is primarily popular due to its lightweight, low cost, cost-effective, and versatility. Based on capacity, the market is segmented into below 50 ml, 50 ml to100 ml, 100 ml to150 ml, 150 ml to 200 ml, and above 200 ml. In addition, based on application, the market is segmented into hair care, skin care, nail care, and others. The skin care segment is anticipated to grow at a substantial rate with the rise in the adoption of skincare & anti-aging products during the forecast period.
The cosmetic bottle the market is driven by growth in adoption of skincare products, rise in demand of anti-aging products, ease of availability, increase in industrialization, rise in population, high demand for premium designs, labeling & finishing in cosmetics packaging, growth in adoption of lightweight rigid plastics, change in the standard of living, growth in the advancement of new & varied packaging styles, rise in innovation in packaging and increase in concerns towards utility of environment-friendly products. However, less number of manufacturing units and fluctuating raw material prices may impact the market. Moreover, the surge in the adoption of lightweight rigid plastic is a key opportunity for the market.
Based on geography, the Asian-pacific is the dominant region in the cosmetic bottle market owing to growth in awareness about health & hygiene, an increase in disposable income of the individuals, and rapid urbanization in the region. The European and North-American regions are likely to witness higher growth rate due to the rise in demand for cosmetic products over the forecast period. It is predicted that the future of the market will be brightly caused by an increase in demand for small packaging sizes and a rise in consciousness about anti-aging products during the forecast period.
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Thursday, January 2, 2020

Growth in Tourism Sectors Anticipated to Drive Global Cruise Ship Market over the Forecast Period: Ken Research

A cruise ship is a large passenger ship, used to take passengers on a pleasure voyage in a trip that is as much a part of the experience as the many destinations on the way. It is often serve the purpose of luxury travelling & touring with various facilities on board. It varies in sizes depending upon the purpose of use. Different types of cruise ships are equipped using different passenger carrying capacity. It provides various facilities such as casinos, restaurants, bars, gym and other luxury amenities. It is a boon to the waterway tourism industry and helps to advance the industry in a larger way.

According to study, “Global Cruise Ship Market Size study, by Type (Ocean Cruise Ships, Luxury Cruise Ships, Adventure Cruise Ships, River Cruise Ship, Others), By Application (Transportation, Entertainment, Others) and Regional Forecasts 2018-2025” the key companies operating in the global cruise ship market are Royal Caribbean Intl., Hyundai Heavy Industry Co. Ltd., Dsme Co, Ltd., Carnival Cruise line, Cruise Critic, Princess Cruises, Norwegian Cruise Line Holdings, Genting Hong Kong, MSC Cruises, Celebrity Cruises, Genting Hong Kong, American Cruise Lines, Samsung Heavy Industries Co. Ltd., Fincantieri S.P.A., Meyer Werft GmbH & Co. Kg, Mitsubishi Heavy Industry. Ltd., China State Shipbuilding Corporation, Oshima Shipbuilding Co. Ltd., MV WERFTEN Wismar GmbH, MS Berlin, Mediterranean Shipping Company S.A. Key manufacturers are continually working on technical advancements in the cruise ships technology and an expansion of product portfolio in order to gain competitive edge in the global cruise ships market.

Based on type, cruise ship market is segmented into adventure cruises, contemporary cruise, Christmas cruises, family cruise, classic cruises, ultra-luxury cruises, LGBT cruise, river cruises, luxury cruises and others. Based on passenger carrying capacity, market is segmented into 25-30 tons, 50-500 tons, 500-700 tons, 1000-3000tons and more than 5000 tans. Based on service type, market is segmented into passenger tickets, onboard and other types of services. Passenger ticket segment dominates the market owing to rise in the number of cruise passengers. In addition, based on application, market is segmented into entertainment, transportation and others.

The cruise ship market is driven by growth in tourism sector, followed by increase in disposable income, growth in demand for river cruises, rise in adoption of Internet of Things (IoT) & service robots, increase in luxury expenditure amongst the age bracket and rise in hospitality industry. However, clean sailing through strict regulations and high cost associated with cruise shipping may impact the market. Moreover, rise in number of destinations is a key opportunity for market.

Based on geography, the European region holds major share in cruise ship market owing to high concentration of cruise ship buildings in the region. The Asian-Pacific and North-American regions are estimated to witness higher growth rate due to rise in per capita income over the forecast period. In upcoming years, it is likely to exhibit higher growth rate on account of growth in prevalence of huge number of millennial populations along with their strengthening purchasing capacity coupled with significant demand for voyaging among the generation during the forecast period.

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Global Cruise Ship Market

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Increase in Demand for Smart Devices Anticipated to Drive Global Electronics Manufacturing Services Market over the Forecast Period: Ken Research

Electronics manufacturing service (EMS) is a form of engineering & manufacturing outsourcing services that offer a wide range of core manufacturing capabilities. It is generally used for companies that provide a contribution in test, design, manufacture, and distribute. It includes return or repair services for electronic components and assemblies for original equipment manufacturers (OEMs).
According to the study, “Global Electronics Manufacturing Services Market Size study, by Type (Electronics Manufacturing, Engineering Services, Test Development & Implementation), By Application (Computer, Communication, Consumer, Industrial, Others) and Regional Forecasts 2018-2025” the key companies operating in the global electronics manufacturing services market are Delta Group Electronics Inc., Celestica Inc., Flextronics International, Compal Electronics Inc., Hon Hai Precision Industry Co. Ltd., Fabrinet, Plexus Corporation, Flexcom Inc., Kimball Electronics Inc., KeyTronicEMS, TPV Technology Limited, 3CEMS, ALL CIRCUITS, Accton, AmTRAN, Ducommun, Pan-International, Season Group, Katek, Selcom, Shenzhen Kaifa, Leesys, Shenzhen Zowee, Lite-On, SMT Technologies, Qisda, SigmaTron, Sanmina, Mack Technologies, Scanfil, Topscom, TQ-Systems, UMC, SIIX, Creation, Suzhou Etron, SMTC, Connect, Valuetronics, Sumitronics, Orbit One, Fideltronik, SVI, Venture, USI, ATA IMS Berhad, BMK, Bitron Electronics, Sparton Corporation, TT Electronics Plc. The key players in developing economies are providing low-cost, outsourced services to the production & designing sectors to enhance their competitiveness. Furthermore, players are striving to gain a competitive benefit by engaging in mergers & acquisitions.
Global Electronics Manufacturing Services Market
Based on type, electronics the manufacturing services market is segmented into electronics manufacturing, test development & implementation, electronic design &engineering services, logistics services and others (supply chain management services and rework services). Electronic design & engineering services segment is expected to witness fastest growth rate owing to surge in the inclination of OEMs toward outsourcing the designing requirements during the forecast period. In addition, based on application, market is segmented into the computer, industrial, consumer, communications and others.
The electronics the manufacturing services market is driven by an increase in demand for the Internet of Things (IoT) market, followed by rapid technological advancements, rise in demand for consumer electronics, increase in demand for smart devices, rise in numbers of end-users, increase in energy-efficient electronics, rise in use of electronic components in industries, for instance, medical devices, aerospace, and telecommunications and growth in advanced skill & focus on core competencies. However, the volatility of demand and violation of the intellectual property rights may impact the market. Moreover, growth in demand from The downstream industry is a key opportunity for the market.
Based on geography, the Asian-Pacific is the dominant region in the electronics manufacturing services market owing to growth in the automotive sector, rise in availability of raw materials and low-cost labor in the region. The European and North-American regions are estimated to grow at higher growth due to the rise in the industrial sector and an increase in medical institutes over the forecast period. It is predicted that the future of the market will be bright as a result of the rise in investments in research & development (R&D) activities during the forecast period.
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Growth in Demand for Business Analytical Tools from Various Verticals Anticipated to Drive Global Embedded Business Intelligence Software Market: Ken Research


Embedded business intelligence or embedded BI software refers to an integration of self-service BI tools within business process applications or portals. Embedded BI puts capabilities for instance interactive dashboards, predictive analytics, reporting, data analysis, and more within existing business applications. Several forms of embedded business intelligence tools prolong functionality to mobile devices in order to ensure that the distributed workforce can have identical access to identical BI for improved real-time collaboration. In enterprise application, BI tools support a better user experience with real time analytics, interactive reporting and visualization.

The key benefits are improve effectiveness of users, boost BI user adoption, help to build the bridge between information & action, boost organizational effectiveness & efficiency by facilitating process and enhance the salability & value of core applications.

According to study, “Global Embedded Business Intelligence Software Market Size study, by Type (Cloud-Based, Web-Based), By Application (Large Enterprises, Small & Medium Enterprises) and Regional Forecasts 2018-2025” the key companies operating in the global embedded business intelligence software market are Sisense Inc., Microstrategy, Power BI, Domo, SAP SE, Tableau Server, Jaspersoft, Mode Analytics, Power BI, Insight Squared, Oracle Corp., BOARD, QlikView International, MicroStrategy Inc., WebFocus, IBM Corp., Halo, Dundas BI, ClicData, Pentaho Corp., Logi Info, Looker. The key players are progressively undertaking mergers & acquisitions (M&A), and product launches to develop & introduce new technologies or products in the market.

Based on type, embedded business intelligence software market is segmented into software, platform and services. Based on deployment type, market is segmented into Software-as-a-service (SaaS) and on-premises. Based on services type, market is segmented into support services and professional services. Based on data type, market is segmented into semi-structured, structured and unstructured. Based on application, market is segmented into small & medium enterprises and large enterprises. Based on business application, market is segmented into human resource, operations, sales & marketing, and finance. In addition, based on vertical, market is segmented into BFSI, media & entertainment, healthcare, food & beverages, retail, telecom, and others.

The embedded business intelligence software market is driven by growth in demand for business analytical tools from various verticals, followed by rise in adoption of web-based & cloud-based BI, increase in need to create insights from unused data, strong presence of prominent market players and providing business intelligence for collaborative efforts in real time basis. However, data security concerns, time consuming implementation, and high cost associated with the software may impact the market. Moreover, higher adoption by small & medium enterprises and rise in availability of customization in developed & developing countries are key opportunities for market.

Based on geography, the North-American region holds major share in embedded business intelligence software market owing to rise in implementation and growth in demand for business analytics tools in the large enterprises in the region. The Asian-Pacific and European regions are anticipated to witness fastest growth rate due to rise in demand for big data, internet of things (IOT) and industrial internet of things (IIOT) over the forecast period. It is projected that the market will be reached at fast pace because of rapid industrialization and growth in number of start-ups focusing on mobile application development during the forecast period.

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Global Embedded Business Intelligence Software Market

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Intensifying Insights Of The Global Ketogenic Diet Market Outlook: Ken Research


The ketogenic diet fuels the human body into a state to ketosis where it effectively utilizes of the carbohydrates as the commonly energy source. The ketogenic diet involves the adequate quantity of the proteins and a very least percentage of the carbohydrates. Such types of the diet are particularly designed with the selected food foundations and are useful for the individual trying to lose the weight or suffering from the epilepsy or diabetes.

Not only has this, the growth in the risk of the obesity along with the sedentary lifestyles in the urban locations are influencing the acceptance of the ketogenic diet. Furthermore, the following a ketogenic diet supports the deduction fat naturally and thus has lesser opportunities of the side effects as comparison with the artificial ways namely weight loss pills and gastrectomy. The effective growth in the requirement for the ready-to-eat functional foods and active increase in the health awareness are predicted to fuel the growth of the worldwide ketogenic diet market during the review duration.

According to the report analysis, ‘Global Ketogenic Diet Market Size study, by Product Type (Supplements, Beverages, Meals, Others) by Application (Supermarkets and Hypermarkets, Independent Retailers, Convenience Stores, Online Retailers) and Regional Forecasts 2018-2025’ states that in the worldwide ketogenic diet market, there are several players which recently performing more actively for leading the fastest market growth and registering the handsome value of market share around the globe throughout the short span of time while delivering the benefits of the ketogenic diet products, increasing the applications of the ketogenic diet products, delivering the better consumer satisfaction and forming the profitable policies and strategies includes Nestle, Danone, Ancient Nutrition, Zenwise Health, Ample Foods and several others.

Additionally, the Ketogenic Diet market is on the swelling trend seeing the worldwide scenario. The Ketogenic Diet Food market is majorly influenced owing to constant growth in intake of ketogenic diet considering both the male and female populace majorly in the western regions, intensifying shift to higher consumption of animal products & foods rich in Fat & sugars, positive growth in the disposable income of the individuals and changing lifestyle & customer’s preferences.

The Ketogenic diet food is widely accessible in the prearrangement of tablet, pills, snacks, powder or liquid form. The continuous and surging intake of ketogenic diet food in western regions majorly in the countries such as United States, Canada, and United Kingdom, France and Germany and predominantly amongt the young population has influenced the requirement for ketogenic diet food supplement considering the worldwide scenario.

Although, the potential players of the worldwide ketogenic diet are effectively determine the market sizes of the dissimilar sectors and regions in the present years and to review the values to the coming years. Not only has this, the players before forming any policies are positively examine both qualitative and quantitative factors of the industry. Therefore, in the near years, it is predicted that the market of the ketogenic diet will increase around the globe over the near years more significantly.

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Global Ketogenic Diet Market

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Increasing Trends in the Worldwide Jack-Up Rig Market Outlook: Ken Research

The Jack-up Rig is essentially a mobile platform that is employed as exploratory drilling platform & offshore platform which comprises of a light hull with transportable legs along with holding the competence of lifting the hull over the sea surface. The Light hull is a water-tight barge that glides on the surface of the water & employed to transport all machinery to a specific position. In addition, the Rigs are enormous structures or machines containing of mud tanks, mud pumps, derrick or mast, draw works, rotary table, drill string, power generation equipment and auxiliary equipment. Rigs are effectively utilized in drilling a wellbore. Some rigs are employed on water and frequently built on ships or barges whereas, some rigs are predestined to be utilized on surface.

According to the report analysis, ‘Global Jack-Up Rig Market Size study, by Type (Independent Leg Type, Mat Type), by Application (Mobile Offshore Drilling Units, Offshore Wind Turbine Installations, Others), by Operating Depth (Shallow Water, Deep Water, Ultra-Deep Water) and Regional Forecasts 2018-2025’ states that in the worldwide jack-up rig market, there several companies which presently operating for leading the fastest market growth and registering the great value of market share around the globe throughout the short span of time while decreasing the price of the services and technologies, delivering the better consumer satisfaction, analyzing and studying the government initiatives, policies and strategies and employing the intellectual workforce to handle the technical functions includes Rowan Companies, Noble Corporation, KCA Deutag, Diamond Offshore, Maersk Drilling, COSL, Seadrill, Transocean and several others.

Additionally, The Jack-Up Rig is mounting and enlarging at a significant pace. The Jack-up rig market is principally influenced by ever-increasing urbanization, surging oil requirement in both the developed and underdeveloped countries, increasing investments in offshore drilling exploration activities and the positive growth in the economic growth around the globe. However, the aspects such as volatility in oil prices along with exhaustion of oil reserves market is further paving the method for the advancement and growth of Jack-up rig market.

Not only has this, based on the region, the market of jack-up rig is spread around the globe which majorly involves Asia Pacific, North America, Europe, Latin America and Rest of the World. In the global jack-up rigs market, the North America is the fastest intensifying region across the world in terms of market share. Whereas, due to the countries such as China, Japan, and India, Asia Pacific region is anticipated to be the dominating region  in the worldwide jack-up rig market over the forecast period of 2018-2025.

Nonetheless, Middle East is a foremost contributor to the worldwide jack-up rig market supported by positive augment in the utilization of jack-up rigs. This region is predicted to experience further growth with the enormous growth in the new buildup jack-up rigs and incrementing requirement from the UAE and Qatar regions. Therefore, in the near years, it is anticipated that the market of worldwide jack-up rig will increase around the globe over the near years more significantly over the coming years.

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Global Jack-Up Rig Market

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Landscape Of The Global IoT Gateway Market Outlook: Ken Research

The IoT gateway is measured as a physical device or software program which attends as the instantaneous connection point between cloud & controllers, sensors, and intelligent devices. All the data accepted by the cloud or vice versa goes through the intermediate gateway that could be either a hardware appliance or a software program. An IoT gateway cloud also is represented as an intellectual gateway or a control tier.
According to the report analysis, ‘Global IoT Gateway Market Size study, by Node (Smart Watch, Camera, RADAR, Thermostat, Actuator, Smart TV, Others), by Connectivity (Bluetooth, Wi-Fi, ZigBee, Ethernet, Z-Wave, Others), by Component (MCU, FPGA, Sensor, Memory, Others) by Application (Wearable Devices, Healthcare, Automotive & Transportation, Building Automation, Industrial, Consumer Electronics)and Regional Forecasts 2018-2025’ states that in the worldwide IoT gateway market, there are several key players which recently performing for leading the fastest market growth and dominating the great value of market share around the globe and dominating the great value of a market share during the short span of time while easy the designing of the IoT gateway, employment of skilled and intelligent workforce, delivering the better consumer satisfaction, studying and analyzing the government guidelines and advancing the utility of the wireless sensors includes Siemens AG, Huawei Technologies Co, Ltd, Fujitsu Ltd, Sierra Wireless, Inc, Eurotech SPA, Cisco Systems, Inc, HP Corporation, NEC Corporation, Dell Technologies Inc, Toshiba Corporation and several others.
Global IoT Gateway Market
Although, the IoT is proving to be an increasing and advancing technology and is being speedily adopted across the globe. IoT gateways are being measured as a fundamental component for carrying traditional and subsequent generation devices to the Internet of Things.  IoT gateways implement numerous functions, involving the protocol translation, device connectivity, data filtering, and safekeeping. A soaring requirement for the IoT allowed devices and personalized technologies are the foremost factors influencing the growth of the worldwide IoT gateways market.
Nonetheless, the market growth is principally propelled by the surging requirement for IoTallowed devices along with modified technologies. Moreover, the growth in internet connectivity, uninterrupted growth in the requirement of smartphones & other connected devices, and wide advancements in the utility of wireless sensors & its networks are measured some of the key aspects powering the growth of the market. However, the complex designing of the IoT gateway along with the nonexistence of skilled professionals is performing as restraining aspects for the development and growth of the IoT gateway market.
Additionally, the broad development of connected appliances by business organizations is effectively augmented and the whole ecosystem adjoining them is also increased remarkably. By way of the IoT gateway structures the centerpiece in the building block for IoT, soaring expansion of connected appliances is supporting the growth of the IoT gateway market. IoT gateways accommodate the protocols for networking, maintain the repository and edge analytics on the data, and support the data flow steadily between devices and the cloud. The effective growth in internet connectivity, never-ending increase in demands of smartphones and several other related devices, and an effective augment in the usage of the wireless sensors and its networks are some of the foremost factors influencing the growth of the global IoT gateway market. Therefore, in the near years, it is predicted that the market of IoT gateway will increase around the globe over the near years more progressively.
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Growing Trends In the Global IT Sourcing Market Outlook: Ken Research


The IT sourcing is emerging and intensifying at a significant pace. The information technology (IT) subcontracting is specifically referred to the sub-contracting of specific operations or to follow the resources outside an enterprise for all or a discrete portion of an IT function which do not demand much of technical skills. The Short-term backing or the inexpensive rates on simple task are the major causes why corporates functioning in the recent scenario outsource work. The Outsourcing procedure enables the staffing flexibility for an enterprise along with permit them to convey in additional resources as and when desired & further release them when they are done, thus nourishing the cyclic or seasonal requirement.

Additionally, the IT outsourcing market is principally influenced owing to escalating requirement to optimize business procedures, surging integration of application outsourcing and Capacity optimization allowing for the worldwide scenario. According to the report analysis, ‘Global IT Sourcing Market Size study, by Services (Software Development, Web Development, Application Support and Management, Help Desk, Database Development and Management, Telecommunication), by End Users (Government, BFSI, Telecom, Others), and Regional Forecasts 2018-2025’ states that in the worldwide IT sourcing market, there are several key players which presently working more actively for leading the fastest market growth and registering the great value of market share during the review duration while delivering the better consumer satisfaction, advancing the applications of outsourcing, studying and actively analyzing the guidelines of the government and progressively determining the strategies of the competitors includes Accenture PLC, IBM Corporation, Cisco Systems, Inc, CA Technologies, HP Corporation, Dell Technologies Inc, BMC Software and several others.

Not only has this, the large and potential players in the worldwide IT sourcing market are effectively study the sized of dissimilar sectors and regions in the present years and predict the values to the coming years for ruling around the globe and leading the fastest market growth. Furthermore, the corporates in the worldwide IT sourcing market are scheduling the strategies after studying both qualitative and quantitative factors of the industry within the each of the economy.

Based on the economy, it is predicted that the market of IT sourcing is spread around the globe which majorly involves Asia Pacific, North America, Europe, Latin America and Rest of the World. North America region in the IT sourcing market is the fastest increasing region across the globe in terms of market share. Whereas, because to the countries such as China, Japan, and India, Asia Pacific region is anticipated to be the dominating region in the worldwide market of IT sourcing over the forecast period of 2018-2025. Whereas, the Europe region is also demonstrating the foremost efforts for registering the effective value of market share during the short span of time while developing the applications of the technologies, getting the detailed information related to the crucial aspects such as driving aspects and challenges which will define the future growth of the market. Therefore, in the near years, it is anticipated that the market of IT sourcing will increase around the globe over the near future more significantly.

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Global IT Sourcing Market

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Changing Trends In The Facility Management Market Outlook: Ken Research

The industry of the facility management across the developed region has observed a speedy growth during the few years. The market has augmented in millions during the recent past years at an effective CAGR. The positive growth in the infrastructure industry and booming the hospitality segment in the respective region has developed the requirement for the facilities management services in the region. In addition, the growth in the project activity centered on the tourism, construction of resorts, hotel and budget hotel chains in the kingdoms have upstretched the requirement for the soft and hard services in the respective economy. The positive augment in the real estate market in Saudi Arabia has augmented the quantity of residential and commercial units. This has resulted in the growing requirement for the facilities management services particularly housekeeping services.
Facility Management Market
Not only has this, But the market of facility management can be majorly sectored based on the types of services suggested such as hard services and soft services. Whereas, the hard services registered the market of facilities management in the developed region with an effective percentage in the revenue during the recent past years. The soft services have added an effective percentage share in the terms of revenues during the recent past years. The positive growth in the construction facilities coupled with the fresh green and energy proficient concept in the design of the shopping center, hospitals, airports, and several others has led to develop in the requirement of the HVAC, functions, and maintenance services, electromechanical services, and fire safety and security system further impacting the facility management market more enormously.
Furthermore, based on the integrated services, bundled services, and single services, an integrated service was the largest underwriter in the market with the handsome amount of percentage share in the revenues of the facilities management industry during the recent past years. In Saudi Arabia, the corporates opt for integrated services in order to restrict the complexity by decreasing the number of services merchants, manage the single point of contact and introduce the financial certainty of the consumers. For instance, the single services have underwritten an effective percentage of shares in the revenues of the industry. The bundled services are the least underwriter in the revenues of the industry.
Although, based on the sector, the residential segment was in led with the effective percentage of share in the facility management in terms of revenue generation during the recent past years. In Saudi Arabia, the government’s initiative following the Arab Spring in 20122 announced the schedule of the construction which led to the growth in the residential segment further growing the requirement of the facility management services Market in this segment. The commercial segment has added an effective percentage of shares in the revenues of the industry. Not only has this, but the hospitality segmented also added an effective share of percentage in the revenues of the facility management industry. Several other segments involve logistics, oil and gas, education and several others. Furthermore, the positioning of the foremost players in the facility management industry. Although, the market has been elevated due to the growing awareness and requirement of the facility management market. Therefore, in the coming years, it is anticipated that the market of facility management will increase around the globe over the near future.
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Growth in Awareness Regarding Harmful Effects of CFC, HFC and HCFC Anticipated To Drive Global HFO Refrigerant Market: Ken Research

HFO or Hydrofluoro olefin is an unsaturated organic compounds composed of hydrogen, fluorine and carbon. It is categorized as having low global warming potential (GWP) and zero ozone depletion potential (ODP) and so provide a more environmentally friendly alternative to CFCs, HFCs and HCFCs. Many refrigerants in the HFO class are integrally stable chemically and inert, non-toxic, and non-flammable or mildly flammable. Several HFOs have the proper freezing & boiling points to be useful for refrigeration at common temperatures. They also show potential as blowing agents, i.e. in production of insulation foams, construction materials, food industry, and others.
According to study, “Global HFO Refrigerant Market Size study, by Type (R-1234YF, R-1234ZE, R-1234ZD), By Application (Refrigeration, Air Conditioning, Others) and Regional Forecasts 2018-2025” the key companies operating in the global HFO refrigerant market are A-Gas, Harp International Ltd., GTS SPA, Quimobasicos Sa De Cv, The Linde Group, Climalife Groupe Dehon, Zhejiang Yonghe Refrigerant Co. Ltd., Dupont, Honeywell, Airgas Inc., Daikin, Brothers Gas, Ecofreeze International, Chemours, Mexichem, MK Chemical, Intergas, Engas Australasia, Deepfreeze Refrigerants, Hychill Australia, Puyang Zhongwei Fine Chemical, Shandong Yueon Chemical Industry, Tazzetti, Sinochem Group, SOL Spa, The Natural Refrigerants Company. The key players have expanded their geographical presence through new product launches & developments, expansions, partnerships & contracts, and acquisitions & mergers
Based on type, HFO refrigerant market market is segmented into R-1234ZE, R-1234YF and R-1234ZD. Based on low GWP refrigerants type, market is segmented into fluorocarbons, inorganics and hydrocarbons. Fluorocarbons include HFCS and HFOC. Inorganics include carbon di-oxide, ammonia and others (air and water). Hydrocarbons include isobutane, propane and others (Butane, Ethylene, Propylene, and Ethane). In addition, based on application, market is segmented into air conditioning, refrigeration and others. The above two applications are further sub-segmented as commercial, transportation, domestic, and the industrial applications.
The HFO refrigerant market is driven by rise in demand for the consumer products, followed by growth in awareness regarding harmful effects of CFC, HFC and HCFC, increase in demand for refrigeration and air-conditioning application, rise in cold chain market such as cold storage, growth in urbanization, change in lifestyles and increase in disposable income of the individuals. However, rise in stringent regulation against fluorocarbon refrigerants, regular changes in the choice of alternative refrigerant and high cost of refrigerant may impact the market. Moreover, phase out policy of HFC will eventually rise the consumption of HFO market in future and new advancement in refrigeration as in creating of blends are key opportunities for market.
Based on geography, the Asian-Pacific is the leading region in HFO Refrigerant market owing to rise in consumption of HFO Refrigerant for various applications for instance refrigerators and air-conditioners across the developing countries such as China and India. The North-American and European regions are estimated to witness higher growth rated due to rise in awareness among consumers, related to an environmental impact of utilizing the CFC & HCFC refrigerants over the forecast period. In upcoming years, it is expected that the market will be reached at rapid pace on account of lower operating cost with higher performance and growth in technological advancements in refrigeration during the forecast period.
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Global HFO Refrigerant Market Research Report
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