Global Anti-Counterfeit Packaging Market Outlook: Ken Research

 Buy Now

Anti-counterfeit packaging is well-defined as the method of assigning secure packaging to the merchandise. Anti-counterfeiting packaging may be a secure packaging method that stops imitation and confirms the products' safety. Corporations take anti-counterfeit steps, permitting them to decrease losses owing to counterfeiting in terms of sales and loyalty. Anti-counterfeit pharmaceutical packaging is a methodology aimed at preventing pharmaceutical products from being distorted in terms of labeling and proof of identity. Anti-counterfeit pharmaceutical packaging assistances within the supply chain process to retain the identity of the unique product. Anti-counterfeit packaging guarantees that there’s no modification within the packaging code applied by the initial manufacturer and no counterfeiting of the pharmaceutical product.

According to the analysis, ‘Global Anti-Counterfeit Packaging Market: Market Segments:By Technology (Mass Encoding, RFID, Tamper Evidence, Hologram, Forensic);ByApplication (Pharmaceuticals & Healthcare, Food & Beverage, Clothing & Apparel& Others);and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030’ there are tons of key players which are functioning for the development of the market which excludes Uflex Limited, Applied Dna Sciences Inc., Authentix Inc., PharmaSecure Inc., Zebra Technologies Corporation, E.I. Du Pont De Nemours and Company, Ampacet Corporation, 3M Company, AlpVision SA, CCL Industries Inc., Avery Dennison Corporation, Sicpa Holding SA. Recently, numerous developments have been enchanting place within the market. For example, In November 2016, 3M Track and Trace Solutions present Scotch Clean Removal Strapping Tape 8899HP at PACK EXPO. Properly securing appliance components and electronic elements may be an essential part of the packaging process. However, the introduction of anti-counterfeiting technologies is expensive, thus the protection of the drug is ignored by tiny producers that are likely to be obstructed by the market expansion of anti-counterfeit pharmaceutical packaging. Counterfeit drugs are specifically promoted by the rise within the range of cases in that patients do not check in a physician before buying prescription merchandise. The lack of customer consciousness of the authentication of pharmaceutical and food products, on the other hand, has a consequence on industry growth. For the development of the anti-counterfeiting packaging trade, the high-price structure for track & trace infrastructure and lack of information of product originality are predictable to pose major challenges.

The Global Anti-Counterfeit Packaging market is segmental on the idea of Technology and Application. Based on Technology, the market is disseminated into Mass Encoding, RFID, Forensic, Tamper Evidence, and Hologram.  Based on Application, the market is deliberated into Pharmaceuticals and Healthcare, Food and Beverage, Clothing and Apparel, and Others.

The regional investigation of the Global Anti-Counterfeit Packaging market is taken into the account for the key provinces like North America, Latin America, Europe, APAC, and MENA. North America is that the main country over the globe in terms of market share due to rising worries regarding the harm produced by the manufacturing of forged goods, the industry is predicted to expand. Whereas, North America is besides estimated to exhibit the highest rate / CAGR over the forecast quantity 2020-2030.

Furthermore, the newest trend recognized in the anti-counterfeit packaging market is that the rise in strict product protection laws connected to counterfeiting. Since the market concentration of counterfeit products is continually rising, strict rules are obligatory by the government of dissimilar countries to control counterfeiting activities. Such rules have an encouraging effect on the anti-counterfeit packaging trade and search to eliminate the demand for counterfeit products. Owing to the sales of counterfeit product, there has been an increase in concerns regarding the losses suffered by product manufacturers across countries that has enhanced concerns regarding brand dilution that in turn pushes the need for anti-counterfeit packaging. Thus, it is expected that the Global anti-Counterfeit Packaging market will increase within approaching years.

For More Information on the Research Report, refer to the below links: -

Global Anti-Counterfeit Packaging Market Analysis

Related Report:-

Global Anti-Counterfeit Packaging Technologies Market 2020 by Company, Regions, Type and Application, Forecast to 2025

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Increase in IT & Telecom Spending Expected to Drive Global Coaxial Cables Market: Ken Research

 The coaxial cables market comprises of sales of coaxial cables & related services. Coaxial cable is a type of cable that has an inner conductor, which is covered by an insulating layer and surrounded by tabular conducting shield. Coaxial cables are used for transferring data & radio frequency over distribution network. This design helps the coaxial cables to provide protection to the signal being carried from external electromagnetic interference. Coaxial cable is widely used in cable television industry, telephone service providers, military & aerospace, and other industries. Due to its extensive range of applications, there is a massive demand for coaxial cables in the market

According to study, “Coaxial Cables Global Market Report 2020-30: Covid 19 Impact and Recovery” the key companies operating in the global coaxial cables market are General Cable Technologies Corporation., LS Cable & System Ltd, Belden Inc., Allied Wire & Cable, Inc, TE Connectivity., Infinite Electronics International, Inc, Prysmiangroup, Coleman Cables & Wire, Nexans, Alpha Wire, Kingsignal Technology Co., Ltd., Shenyu Communication, Hengxin Technology Ltd., Trigiant Group Limited. The key players are majorly focusing to sturdy-up the networks related to sales. The reason behind this is to make sure that a wide consumer pool can be tapped into. Other key strategies that global coaxial cable market players often put to use are mergers & acquisitions, partnerships & collaborations, and focusing on technology advancement.

Based on type, coaxial cables market is segmented as RG-6, hardline, radiating, triaxial cable and others. Based on application, market is segmented as video distribution, internet data transfer, radio frequency and others.  Video distribution segment holds major share in global market owing to increase in popularity of video on demand (VOD), over the top (OTT) facilities, and internet protocol. In addition, based on end-user, market is segmented as military & aerospace, cable television industry, telephone network operators, internet service providers, communication equipment manufacturers and others. The internet service provider segment is expected to witness higher growth rate due to growth in number of internet service providers during the forecast period.

The coaxial cables market is driven by growth in technological advancements, followed by increase in IT & telecom spending and low installation costs. However, raw material price and substitutes may impact the market.

Based on geography, the North-American region dominates the global coaxial cables market owing to massive demand for internet that is high speed, and also allows for faster downloads even of the very large files. The Asian-Pacific and European regions are likely to witness higher growth rate due to huge demand arising from certain nations such as India, China, and Japan over the forecast period. It is anticipated to witness higher growth rate as a result of growth in economic development coupled with increase in investment from the government in the telecommunication and broadband sector during the forecast period. The global coaxial cables market was valued at US $29.82 billion in 2019 and it is estimated to grow at a compound annual growth rate (CAGR) of 3.47% and reach US $34.17 billion by 2023.

For More Information, Click on the Link Below:-

Global Coaxial Cables Market

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Forthcoming Evolution Of Ethiopia Agriculture Market Outlook: Ken Research

Ethiopia is equipped with ample of agricultural resources and has various ecological zones. Agriculture is the centre piece of the economy. The Government of Ethiopia (GOE) has recognized key priority intervention areas to raise productivity of small holder farms and expand large-scale commercial farms. Under the new administration, the GOE has renewed emphasis to extend the agriculture sector and ensure food security. Among the highest priorities known by the GOE include: little and large-scale irrigation development, finance agricultural inputs, rising productivity of crops and livestock, improving agricultural production methods using mechanization, post-harvest loss reduction, developing a research-based food security system, and resource management.

According to the analysis,’ Ethiopia Agriculture Market Trends, Statistics, Growth, and Forecasts’ The Ethiopia government has been supportive the farming trade with a variety of policies, making attempts to become stable the productivity and seeking ways to make sure the globe is enhancing healthily and sustainably. The Ethiopia federal government has been extremely adjust of agriculture for many years, and there is broad political accord on the necessity for land, labour and tax reform to aid the sector reach its efficiency. Thanks to supportive policies, the agriculture sector’s performance has been rising steady in recent years. Ethiopia stays at its first rank within the globe in regards of farming output, manufacturing large quantities of rice, wheat, cotton, meat, poultry, eggs and fishery products. Despite the speedy development of Ethiopia’s agriculture sector, issues emerge in respect to a spread of aspects, as well as the shrinking productive land, the deteriorating ecological standing of atmosphere thanks to the heavy use of fertilisers and pesticides, and also the issue of food security. There is additionally abundant area to boost in terms of accelerating the use of machinery and advanced technologies within the agriculture sector. The increasing demand for high-quality agricultural products versus their restricted offer ultimately ends up in exaggerated imports. Some major product classes, as well as soybeans and dairy foods, are heavily obsessed on imports for several years. Different inhibitors to sector’s growth embody the ageing workforce with an occasional level of education and also the underdeveloped rural financial services system.

The government has adopted variety of multi-year policies, like a pledge to double farmer incomes and become self-sustaining in pulses over some short amount. However, reform has to go abundant deeper, particularly considering the very fact that in the years to 2050, agriculture is anticipated to produce livelihoods for about half the rural population, alike progress urbanisation within the country. Moreover, most farmers are engaged in low-scale agriculture and have a tough time accessing credit and paying it back. Therefore, poverty and crop vacation years, including abandoning farming, or even committing suicide, is widespread among farmers within the country. Furthermore, the Ethiopia government has for decades actively supported the agriculture sector by the aid of mechanisms like fertiliser subsidies, and relaxed lending conditions, amongst others, allowing farmers to possess a good estimation of their revenues and arrange for the succeeding agricultural season consequently. Through a network of public establishments and numerous programmes and schemes, Ethiopia’s federal and regional authorities are trying to guard agricultural producers and spice up the production. So, it is predicted that the market of Ethiopia Agriculture will boost up in the upcoming years.

For More Information, refer to below link:-

Ethiopia Agriculture Market

Related Report:-

Saudi Arabia Agriculture Market Trends, Statistics, Growth, and Forecasts

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Rise in Demand for High Quality Agriculture Products Expected to Drive Chile Agriculture Market: Ken Research

Agriculture is one of the key economic activities in Chile country. Chile becomes the main agricultural exports country including fresh fruit, wine, meat, dairy and fishery products. Country has adopted a commercial policy to open & diversify markets for its agricultural & food products with special focus in Chinese market. The Chile’s agriculture industry includes various agricultural related products, which are responsible for country’s overall trade, total domestic product and national work force. Country is world’s largest exporter of prunes, blueberries, fresh table grapes, frozen salmon fillets and dehydrated apples.

Healthy & prepared foods, epicurean foods, and ready-to-eat meals show immense potential for growth in the Chilean agriculture market.  Chilean customers have rising concern for health related issues while the food processing industry continues for adapting the restrictive nutritional labeling law, sophisticated customers and higher labor costs, all of which present challenges, but also have many opportunities for U.S. high value-added products & ingredients for instance natural additives, thickeners, preservatives, and sweeteners.

According to study, “Chile Agriculture Market Trends, Statistics, Growth, and Forecasts” the key companies operating in the Chile agriculture market are Agrosuper S.A., Corpesca S.A., Watt's S.A., Hortifrut S.A. and Empresas Aquachile S.A. Key companies seek to reformulate & develop novel products that don’t require carrying a warning label from the nutritional labeling law.  Therefore, companies look for new ingredients, which can be healthier substitutes or innovations on how to produce the tasteful products within the same price range as well as with healthier ingredients.

The Chile has made many efforts to integrate new agricultural technologies for improving the sector’s efficiency & increasing the land productivity. The high costs & low profits of agricultural production are the major internal inhibitors of country’s agriculture sector. They are also the key factor restricting the growth of farmers’ income and leading to decrease of the labor force in agriculture. Food safety has been a main concern for Chile consumers; especially concerning farm produce for instance grains, vegetables, meat, and seafood. The growing demand for high-quality agricultural products vs. their limited supply eventually results in increased imports. Some major product categories, including dairy foods and soybeans, have been greatly dependent on imports for many years. Other inhibitors to sector’s growth are the ageing workforce with low level of education and underdeveloped rural financial services system. Additionally, The Chile’s government has adopted several multi-year policies, such as an assurance to double farmer incomes and become the self-sufficient in pulses over an indeterminate short-term period.

The Chile government has for decades aggressively supported the agriculture sector through mechanisms for instance fertilizer subsidies, and relaxed lending conditions, amongst others that allows farmers to have a fair opinion of their revenues & plan for the next agricultural season accordingly. Through a network of public institutions & various programs and schemes, Chile’s federal or regional authorities are trying to protect the agricultural producers and increase the production. A number of policy measures have been taken to tackle two major factors: soil and water, which are critical to improving agricultural output.

For More Information, refer to below link:-

Chile Agriculture Market

Related Report:-

Saudi Arabia Agriculture Market Trends, Statistics, Growth, and Forecasts

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Increase in Awareness Regarding Adoption of Green Technologies Expected to Drive Global Backlight LED Market: Ken Research

 The backlight LED market comprises of sales of Backlight LED & related services. LED backlight is a flat panel display that uses LED backlighting instead of cold cathode fluorescent (CCFL) backlighting. LED backlight displays also use thin-film-transistor liquid-crystal display (TFT LCD) technologies that offer better contrast and brightness, reduced energy consumption, greater color range more quick response to changes in the scene, and photorefractive effects. These displays are small chips placed in a matrix pattern behind the display panel for providing a uniform field of light across the complete viewing surface of the panel or screen. These displays are intended to provide increased readability in low light condition that offers excellent lamination to heat ratio than that of CFL, consequently, provide more light per watt. These are popular for their use in computer displays, smart-phones, and LCD televisions.

Some of the key features are included dimming backlight capability and wide color gamuts are anticipated to propel LED backlighting market growth. However, an irregular availability of components may pose a challenge for market.

According to study, “Backlight LED Global Market Report 2020-30: Covid 19 Impact and Recovery” the key companies operating in the global backlight LED market are Epistar, Lumileds, Samsung, NICHIA, LG Innotek, Seoul Semiconductor, Unity Opto Technology, TOYODA GOSEI, GENESIS Photonics, Philips, CREE, LG, SHARP, EVERLIGHT, Shenzhen jufei optoelectronics, OSRAM, AUO, NEC, JF, Mitsubishi, Sony. Key companies are focusing on introducing novel products into the market, to compete with the competitors and increase market share. In addition to design, the companies are also focusing on introducing novel energy-efficient lighting products and importing innovative technologies to support the development of energy-efficient products, in-house Research & Development (R&D) and strategic partnerships, which is contributing to the growth of Backlight LED market.

Based on product type, backlight LED market is segmented as small sized backlight LED and mid & large sized backlight LED. Based on color type, market is segmented as white LED, red LED and RGB LED. In addition, based on application, market is segmented as television, phone, instruments, computer, and others.

The backlight LED market is driven by low power consumption, followed by light & slim form factor, increase in penetration of LCD, smart-phone, and computer display, high product differentiation, rise in launch elegant LCD models and smart-phones. However, increase in use of organic light-emitting diode (OLED) technologies over LED for niche applications may impact the market.

Based on geography, the Asian-Pacific region holds major share in global backlight LED market owing to increase in awareness regarding adoption of green technologies coupled with rise in need of power optimization in the region. The North-American and European regions are estimated to witness higher growth rate due to rise in demand for backlight LED in the advertising industry over the forecast period. The global backlight LED market was valued at US $1.52 billion in 2019 and it is likely to decline at a compound annual growth rate (CAGR) of -0.24% and reach US $1.51 billion by 2023.

For More Information, Click on the Link Below:-

Global Backlight LED Market

Related Reports:-

Global LED Backlight Units Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Rise in Demand for Reliable Source of Energy Expected to Drive Global Lead Acid Batteries Market: Ken Research

 Lead acid battery refers to the oldest type of rechargeable battery with its use spanning across various industries. It has the advantage of supplying the high surge current, as the cells have great power to weight ratio. High power to weight ratio & low cost makes these batteries attractive for its use in the automotive sector. These batteries comprises of plates, cell, container, separators, and battery terminals. It is extensively used in the power stations and substations as it has higher cell voltage and lower cost.

Lead-acid batteries are generally categorized into wet cells or flooded batteries and Sealed Acid Batteries (SLA). Among these, the flooded cells segment is expected to exhibit substantial growth rate owing to least cost per amp-hour make and cost-efficient solution that makes these cells useful in igniting in the automotive industry.

According to study, “Lead Acid Batteries Global Market Report 2020-30: Covid 19 Impact and Recovery” the key companies operating in the global lead acid batteries market Trojan Battery Corporation, Johnson Controls, CSB Battery, are FIAMM, Luminous Power Technologies Pvt. Ltd., Amara Raja Batteries Ltd., HBL Power Systems Ltd., East Penn Manufacturing, Excide Industries Ltd., North Star Battery, Sebang Global Battery, Su-Kam Power Systems Ltd., Okaya Power Pvt. Ltd., EnerSys.

Based on type, lead acid batteries market is segmented as motive and stationary. Based on technology, market is segmented as advanced lead acid battery and basic lead acid battery. Based on construction method, market is segmented as Valve Regulated Lead Acid (VRLA) and flooded. Based on end-user, market is segmented as commercial & residential, industrial, transportation, utilities and others. In addition, based on industrial, market is segmented as oil & gas, telecom, data centers, and others.

The lead acid batteries market is driven by rapid technological advancements & expansion in the telecom sector, followed by cost-competitive energy storage solution and easily recyclable compared with lithium-ion batteries. However, safety related to battery usage and low-cost alternatives in energy storage space may impact the market. Moreover, growth in data center infrastructure and increase in renewable energy generation target are key opportunities for market. Furthermore, rise in advancement in technology in the battery systems is a major trend for market.

Based on geography, the Asian-Pacific region holds major share in global lead acid batteries market owing to increase in demand for a reliable source of energy, foreign direct investments and promising government regulations that encourage investments from public-private partnerships in the region. The European and North-American regions are estimated to witness higher growth rate due to rise in need for alternative energy source and increase in number of offshore & onshore renewable energy industry over the forecast period. It is expected that future of the global market will be optimistic as a result of growth in population coupled with increase in disposable income of people during the forecast period. The worldwide lead-acid batteries market was valued at US $20.56 billion in 2019 and it is projected to grow at a CAGR of 5.09% and reach US $25.07 billion by 2023.

For More Information, Click on the Link Below:-

Global Lead Acid Batteries Market

Related Reports:-

Global Lead-Acid Battery (Lead-Acid Batteries) Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024

Global Lead-Acid Battery (Lead-Acid Batteries) Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Escalating Visions Of Saudi Arabia Agriculture Market Outlook: Ken Research

Saudi Arabia Agriculture is focussed on the spread of dates, dairy farm merchandise, eggs, fish, poultry, vegetables, and flowers to markets round the creation because it has attained its own potency within the production of such merchandise. The private sector additionally plays a role within the nation's agriculture, because the government offers long-term interest-free loans and inexpensive water, fuel, electricity, and duty-free imports of raw materials and machinery. Over the past decade, the agriculture of Saudi Arabia has extremely enhanced. Although Saudi Arabia is wide thought of as a desert, it has regions wherever the climate has favoured agriculture.

According to the report analysis,’ Saudi Arabia Agriculture Market Trends, Statistics, Growth, and Forecasts’ The Saudi Arabia government has been compassionate the farming trade with so many policies, making tries to become stable the yield and try to find ways to make sure the globe is augmenting healthily and sustainably. The new strategy implies a lot of efforts to ensure the supply of key farm products, promoting the supply-side structural reform and, more importantly, enhancing environmental protection as well as pollution prevention and waste treatment. Despite the fast development of Saudi Arabia’s agriculture sector, issues emerge in relevance a spread of aspects, as well as the shrinking product able land, the deteriorating ecological standing of surroundings thanks to the heavy use of fertilisers and pesticides, and also the issue of food security. There is additionally abundant area to enhance in terms of accelerating the employment of machinery and advanced technologies within the agriculture sector. Food safety has been a prime concern for Saudi Arabia consumers, especially concerning farm produce like grains, meat, vegetables and seafood. Recent scandals have somewhat dampened consumers’ confidence in food safety, and in response, the government has introduced rules to enhance food safety and strengthen quality observation.

The government has adopted a variety of multi-year policies, like a pledge to double farmer incomes and become self-sufficient in pulses over an unspecified short-run period. However, reform has to go much deeper, particularly considering the actual fact that within the years to 2050, agriculture is anticipated to supply livelihoods for about half the rural population, despite in progress urbanisation in the country. Saudi Arabia has taken economic expansion seriously and needs to feed its whetted appetite. Saudi Arabia’s agriculture sector supplies livelihoods to households in village areas. Alongside with forestry and fisheries, it is one amongst the biggest contributors to Saudi Arabia’s GDP.

Furthermore, the Saudi Arabia government has for last so many years actively helping the agriculture area by the aid of mechanisms like fertiliser subsidies, and relaxed imparting surroundings, amongst others, countenancing farmers to possess a good estimation of their proceeds and arrange for the succeeding agricultural season consequently. Through a network of public establishments and varied programmes and schemes, Saudi Arabia’s federal and regional authorities are attempting to shield agricultural producers and boost production. Therefore, it is anticipated that the Saudi Arabia Market will boost up throughout the forecast amount.

For More Information, refer to below link:-

Saudi Arabia Agriculture Market

Related Report:-

India Agriculture Market Trends, Statistics, Growth, and Forecasts

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Rise in Demand from Oil & Gas Industries Expected to Drive Global Industrial Process Variable Instruments Market: Ken Research

 Industrial process variable instruments market comprises of sales of industrial process variable instruments & related services, which is used to control, measure, and record industrial variables such as pressure, vacuum, temperature, flow, combustion, level, acidity, concentration, viscosity, density, and rotation. The process variable instruments are used for indicating, recording, transmitting, measuring, displaying, and controlling industrial process variables. The industrial process variable can work electronically, or electrically, mechanically, pneumatically, and comprises of instruments for instance boiler controls, chromatographs, buoyancy instruments, and combustion control instruments. The industrial process variable instruments are used in oil & gas industries for monitoring & controlling the operating conditions. These operating conditions are monitored to meet safety, environmental regulations, and also to ensure stability in plant operations. The augmented demand for oil & gas will require more production facilities to be set up, thus, rising the demand for industrial process variable instruments.

According to study, “Industrial Process Variable Instruments Global Market Report 2020-30: Covid 19 Impact and Recovery” the key companies operating in the global industrial process variable instruments market are Honeywell International Inc., ABB Ltd., Emerson Electric Company, Schneider Electric SE, Siemens AG, Applitek NV, Arizona Instrument LLC, Aventics GmbH, LAR Process Analyzers AG. Ametek Inc., Applied Instrument Technologies Inc., Union Park Capital, Hach Company, The key companies in the industrial process variable instruments market are investing in assimilating the Internet of things technology (IoT) to process variable instruments. The industrial process variable instruments for instance pressure, flow level monitoring & controlling devices and temperature are being integrated with IoT to boost their efficiencies and usage.

Based on type, industrial process variable instruments market is segmented as pressure, temperature, flow, level and others. In addition, based on application, market is segmented as oil & gas, chemicals, electronic & electrical and others.

The industrial process variable instruments market is driven by rise in disposable income, followed by increase in demand for consumer durable goods & non-consumer durable goods, rise in demand for chemicals and oil & gas and growth in economy in emerging markets. However, high investment for implementation, considerable maintenance cost for process instrumentation solutions and complexities of using the process variable instruments in the food industry may impact the market. Moreover, integration of cloud based tools into industrial instrumentation is a key opportunity for market.

Based on geography, the global industrial process variable instruments market is segmented as North America, Eastern Europe, South America, Western Europe, Asia-Pacific, Middle East and Africa. The Asian-Pacific region holds major share in global market owing to rise in demand for energy-efficient production process in the region. The European and North-American regions are predicted to witness higher growth rate due to increase in requirement of process instrumentation across industries over the forecast period. The global industrial process variable instruments market was valued at US $100.78 billion in 2019 and it is estimated to grow at a compound annual growth rate (CAGR) of 7.36% and reach US $133.88 billion by 2023.

For More Information, Click on the Link Below:-

Global Industrial Process Variable Instruments Market

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Mobile Payments Market Size | Electronic Payments Market Report: Ken Research

 Mobile payment is an effective alternative technique for traditional payment systems where cash, cheques, or credit cards are the medium of payment. Mobile Payment conveys to customers a manner to purchase any goods or services with the support of wireless devices such as smartphones, tablets, and others. In addition, the Mobile Payment utilizes dissimilar technologies such as NFC (Near Field Communication), SMS-based transactional payments, and direct mobile billing, for enhancing the security of the transaction and delivering hassle-free transactions.

The initiation and adaptability to non-cash payments have decreased the dependency on cash for doing the payments. At the end of 2018, approximately 80.0% of the money in circulation was witnessed to be non-cash. Simultaneously, the growth witnessed in cash in the movement was less than the growth in nominal GDP, representative a movement in the customer preferences to non-cash payments. The augment in the non-cash payments can be further accredited to the rising merchant reception and breakthrough innovations such as e-wallets, m-wallets, and contactless payments, which have encouraged an easy and speedy manner of doing transactions. However, Russia has been characterized at the “Converging” stage for becoming cashless in nature. It is projected that the high commissions and tariffs charged from the merchants would effortless in the coming years in the wake of employment of white label schemes throughout the industry; thereby facilitation the pain-points of merchants.

Though, the Payment cards have been dominantly utilized by the people of Russia as the mode of non-cash payments. However, with the summary of e-money operators, direct bank transfer helping the contactless payments, prepaid and virtual cards and instant payments through open banking, the amount and value of transactions functioned through payment cards was monitored increasing at a decreasing rate. While around Russia unbanked populace still prevails, the requirement for credit cards by the functioning population is projected to propel the payment cards industry during the coming years.

Whereas, the competition within Saudi Arabia Cards and Payments Market has been temperately concentrated, with approximately 13 banks operating under the credit cards and debit cards market. Foremost operators in the space are MasterCard, Visa and American Express. The market competition is reliant on the transaction volume and number of credit/debit cards in transmission. The entire card market of Saudi Arabia is still in its premature growth stage as nearly 80.0% still utilizes cash as the main mode of payment. A large populace remains unbanked along with fresh technical enhancement every year which makes the industry young in its nature.

Additionally, the proficient increase in the penetration of smartphones around the globe and augment in the e-commerce industry in emerging countries are the foremost factors propelling the growth of the market. In addition, an upsurge in the implementation of mobile payment services around emerging countries propels the growth of the market. Furthermore, growing data breaches and security issues in Mobile Payment limits the growth of the market. Furthermore, growth in the utilization of NFC, RFID, and host card emulation technology in Mobile Payment and augment in the requirement for fast and hassle-free transaction services is projected to provide a worthwhile opportunity for the market. Therefore, in the near years, it is anticipated that the market of payments will increase around the world during the welcoming years.

For More Information on the Payment Market, Click on the Below Link: –

Payments Market Growth Rate

Related Report: –

Global Cards and Payments Market Analysis 2013-2018 and Forecast 2019-2024

Contact Us: –
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Growth in Automotive Industry Expected to Drive Global Automatic Environmental Control Market: Ken Research

 Automatic environmental control market comprises of sales of automatic environmental control devices as well as related services. This market comprises establishments primarily engaged in manufacturing automatic controls & regulators for applications. Automatic environmental control devices include air conditioning & refrigeration, airflow controllers, heating and cooling system controls, and heating regulators.

Automotive environmental control system refers to an integrated heating, ventilation and air conditioning (HVAC) system, which is used for maintaining the internal temperature of an automobile. It consists of an evaporator to boil the refrigerant & absorbing the heat, a compressor circulating the refrigerant or compressing the vapors, and a condenser is used to reduce the temperature of the ambient air & liquefy the refrigerant. Automotive environmental control system can be operated automatically or manually for maintaining a comfortable temperature inside the cabin & deliver the thermal comfort through adequate ventilation and provide most comfort to the passengers. As a result, the climate control system is widely used in passenger cars and light, medium and heavy commercial vehicles.

According to study, “Automatic Environmental Control Global Market Report 2020-30: Covid 19 Impact and Recovery” the key companies operating in the global automatic environmental control market are United Technologies Corporation, Honeywell International Inc., Johnson Controls, Inc., Schneider Electric, and Ingersoll Rand. Leading companies are involved in several growth & expansion strategies to gain the competitive advantage. Industry participants also follow the value chain integration with business operations in various stages of the value chain.

Based on type, automatic environmental control market is segmented as refrigeration equipment, heating equipment and air conditioning equipment. Based on vehicle type, market is segmented as Heavy Commercial Vehicle (HCV), Light Commercial Vehicle (LCV) and passenger cars. In addition, based on distribution channel, market is segmented as Original Equipment Manufacturer (OEMs) and aftermarket.

The automatic environmental control market is driven by rise in demand of electric vehicle worldwide, followed by growth in automotive industry and change in consumer preference. However, alienating geographies and capital intensive market may impact the market. Moreover, growth in shift towards automation is major opportunity for market. Furthermore, smart thermostat is a key trend for market. Smart thermostat uses smart technology that can be operated using laptops, mobile phones, smart speakers or other computers connected to the internet that allows arrangement preferred temperature settings, and they can also be integrated into residence automation systems.

Based on geography, the Asian-Pacific region holds major share in global automatic environmental control market owing to rapid industrialization and increase in population in the region. The European and North-American regions are anticipated to witness higher growth rate due to aggressive expansion of manufacturing sector over the forecast period. It is predicted that future of global market will be bright as a result of growth in demand for automotive climate control during the forecast period. The global automatic environmental control market was valued at US $95.39 billion in 2019 and it is likely to grow at a compound annual growth rate (CAGR) of 8.94% and reach US $134.33 billion by 2023.

For More Information, Click on the Link Below:-

Global Automatic Environmental Control Market

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249